Mr. Denis Duggan:

It is, but we also have to bear in mind that the number of international athletes globally in the overall equine industry is small. We refer to it as the shop window. The majority of the market is for the leisure rider, and a lot of people who are not competing internationally at what is called the four or five star level. The levels below that is where the greatest market is. We see from last year's CSO figures that there was €185 million in sport horse exports. It is a valuable sector for international sales.