Mr. Stephen Mulvany:

Some of it is obsolete now but it was not when we bought it. The vast bulk of that impairment charge, as the Comptroller and Auditor General will confirm, was price impairment. In other words, we bought it at a price and we would have preferred had we not had to buy it at that price, but we were not in arbitrage. We were not saying we would not buy it at the time and that we would wait until the price went down. We bought it at a price and, simply in technical accounting terms, when it was still in stock at the end of the year, we had to write down the price. That is what the vast bulk of that €484 million is. We could wish we had bought it cheaper but we did not.

On the Chair's comments on the masks, that is for a different committee or different day.