Ms Claire Rudd:

The projection for Curragh Racecourse Limited prepared by the Curragh Racecourse Limited and approved by its board is more increasing cash profitability. The EBITDA figure, earnings before interest, tax and depreciation, will continue to increase over the next five years. Depreciation will remain an issue for the Curragh. It is currently running at €4 million a year. The interest figure will actually reduce due to the conversion of the loan. The net profit-----