Joe Higgins (Dublin West, Socialist Party)
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Okay. Mr Daly, on page 16 of your introduction you say "NAMA may realise a surplus of up to €1 billion for the Irish taxpayer by the time it completes its work." Do you mean by this that the projection you make is that when NAMA is wound up you will have paid to the banks the €31.8 billion that was agreed in September 2009 for the loans that you took - you'll have paid that from the properties you sold or from income like rent for the properties before you sold them - that you'll also have paid the same banks' interest in the interim on those loans, covered your own running costs and there will be €1 billion surplus? Is that in a nutshell what you mean?