Derek Nolan (Galway West, Labour)
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That is good.

I refer to the 2012 FÁS accounts. The Comptroller and Auditor General mentioned a number of issues relating to fixed assets in his opening statement. The note referred to intangible assets, the first of which was in respect of the Cabra training centre, for which there was an impairment charge of €4 million in 2012. According to the notes, €7.4 million was spent on the centre and there was an impairment charge of €4 million but at the end of December 2012, the €7.4 million expenditure was worth €1 million. Can Mr. O'Toole explain this?