Mr. Derek Donohoe:

I do not know that it is doing very nicely out of it. It is running a commercial operation whereby it invested €405 million to acquire a 20-year licence. The commercial terms of the licence are set out in the licence. Its capital structuring and how it determines it will produce profits, which could be extracted by way of dividends or by charging interest on loans because that is the way it structures its balance sheet, are commercial matters for the operator.