Ms Geraldine O'Leary:

The way the barter account works is that when the campaigns come through, 50% is cash and 50% is credits. Those credits are accumulated and reconciled monthly. We can use those credits for travel. Anything we have used them for has been client related up to now. At the end of the year, if there is money in the account we cash it out and the cash-out rate is 0.65. If there is €100,000 left in the account at the end of the year, it is cashed out at €65,000 and that is put into our revenue. The cash-out rate for the barter companies is 0.65.