Mr. Seamus McCarthy:

In a way, that is the business that is feeding the head office accounts. There was a debate back when we were given the audit. These were regarded as commercial State bodies, or semi-commercial State bodies. There was a discussion as to whether it was appropriate for the Comptroller and Auditor General to be doing the audits for these. The argument at the time was there was so much money going into Rásaíocht Con Éireann and Horse Racing Ireland from the public purse that it was significantly more than what was coming from trading, admissions and so on and that therefore, it was appropriate that there would be oversight. It is a similar case with Horse Racing Ireland, their subsidiaries, the various tracks and so on.