Mr. John Coleman:

There are two things that are driving the losses. Our main costs that we put through in our profit-and-loss account are staff costs and professional services costs. Sometimes, up to a certain point in a development, you have to expense professional services costs, such as those of architects, through your profit-and-loss account. After you reach a certain milestone, these costs can just be capitalised and allocated to each project so they do not result in losses coming through. We think that once the cost-rental income starts building up, in the next three years or so, the LDA should turn profitable. The benefit of that is not necessarily the profit. We are not profit oriented in that we are all about delivering affordable housing-----