Mr. Michael Murnane:

All creditors are paid as debts fall due and we are not in arrears with any creditors. The going concern principle still applies. We have a strong asset base at €62.2 million, which is a net book value; there was no impairment charge required following extensive work during the 2012 audit. Our loans represent one third of the overall value. In future we will try to get maximum value from those assets from sales, revenues and the internationalisation of our product. We can say with confidence that the going concern will not be an issue because those revenues will generate the profits required to offer both a return to the industry and available cashflow to deal with bank loans. Careful cashflow management is the key to success for the Irish Greyhound Board for the next number of years.