Mr. Seamus McCarthy:

Yes. The financial statements recognise a total deferred pension funding asset of €915 million, but one element of that is €8.3 million related to professional added years liability, and there is a dispute between the university and the Department about that. The Department has indicated that it will not meet that liability and, therefore, it fails the test for inclusion in the balance sheet of the university. I have qualified the opinion and made the point that the deferred pension funding asset, the net assets and the revenue reserves at 30 September 2012 should be reduced by €8.3 million.