Mr. Vincent Harrison:

The DAA is entirely self-funding. Ms Gubbins can pick up on the point on revenue sources, which the Deputy asked about. We receive no contribution from anybody, the State included, in respect of our financing. Leaving aside for a second the international businesses, our two airports are reliant on aeronautical charges, which are what we impose on airlines for the services provided and which are passed on to passengers, and commercial activities. The latter entail revenue from a wide range of activities, from car parking and retail to concessions and food and beverages. The combination of these gives us the revenue stream. We have to meet our operating costs of doing business and make our investment from that revenue stream. Within Dublin, where the regulatory environment comes into play, all of these things are taken into account. Essentially, our commercial revenues and costs are forecasted forward and what we are allowed as an aviation charge is the residual. It is what the regulator determines would be sufficient for us to do business over the coming years. Our complaint about this relates to the degree of contingency resilience etc. factored in, because a range of assumptions is involved and a range of what the regulator referred to as building blocks. To put it simply, if you take a haircut on every one of those, you end up with a lot of hair lost by the time you aggregate it across our operating costs, investment programme, commercial revenues etc. That is why, as Mr. Jacobs has said, our ambition to have a highly competitive airport by reference to the airports with which we compete across Europe remains, but there is a lot of headroom considering that our price is still very competitive compared with average charges across Europe.