Mr. Seamus McCarthy:

The €475 million includes gains in the value of the fund and interest earned in the period of account. It is the final value of the fund. Over its lifetime it lost value in the market, but it regained value. There were also two fairly substantial multimillion euro withdrawals from the fund for tax liabilities due in other jurisdictions. I have reported on that and have in preparation an overview chapter, which will be published in September. It will sum up the overall experience with the fund. However, from memory, the amount that was disbursed to Revenue and the central fund of the Exchequer totalled approximately €14 billion. Given the withdrawals to pay taxes in other jurisdictions, I would suggest there was a net gain.