Mr. Leo Clancy:

It depends on stage of company, but I would say must more the first number than the latter. We see very small rates of company closures. The exception to that would be at micro and local enterprise. My colleague, Mr. Murphy, may have further comment on early stage micro enterprise but he may not have details to hand either. We see low rates of company closures. What one does see in our numbers - the Cathaoirleach quoted the net number and the gain number - is there are losses on an ongoing basis. Some companies flex their employment up and down and that is where the net comes in. Much more of a factor is companies that are doing well and need to maintain or potentially trim their employment slightly and those that are growing create the net positive results.