Mr. Tony O'Brien:

I can tell the Chairman that the administrative cost of running the entire PCRS operation is 1.9% of the approximately €2.4 billion budget. Sorry; the figure is 1.19%, which comes in at about €30 million for all of the administrative processes of all of the schemes, which includes all of the 80,000 transactions and 7,500 suppliers. It is not possible for me to isolate the figures and say that this is the specific cost of carrying out the review part as opposed the new issues part or the processing of payments. It is an inherent part of the total operation. The total cost is €30 million and it comes to 1.19% of a €2.4 billion expenditure.