Pearse Doherty (Donegal, Sinn Fein)
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I will put it like this. If a section 110 company has had a certain asset for four years which has been valued at €100 and has been increasing in value by 10% each year, and if the company has adopted a fair value approach, it has recognised that increase. The reason we got rid of mark-to-market is that the increase in the value of the assets would not be taxable and that companies could bank that. Those companies that have taken that type of accounting approach have been able to bank that. Those that have taken a different approach, namely, a book value approach, have not been able to do so. I am asking whether there is a way for those companies to revalue their assets in their balance sheets?