Mr. Michael Murnane:

The notion of a going concern was more of an issue in 2011 because of three principal factors. These were a slight increase in bank debt of €1 million up to €22 million, a decline in sales from 2010 to 2011 and the general economic conditions within which the Irish Greyhound Board operated. I took it as a great positive that the Comptroller and Auditor General did not believe the accounts needed to be qualified from a going concern. That is after extensive work. One must keep in mind that he supported the opinion that this company has viability for the future, and that viability has been underpinned with commingling arrangements and the new revenue streams as described under the business plan. There are contracts in place for this type of position, and some of the streaming income has generated €950,000. The figures relied on by the Comptroller and Auditor General have proven to be factual.