Mr. John Fitzgerald:

Ultimately, it is about matching the lifespan of the asset with the terms of loans. Typically, credit builds up. For example, in the case of feed and fertiliser bills in 2015 and 2016, it would not have made sense to turn them out over six years. In many cases, we engaged with our customers on the application where they had funded capital expenditure from cash flow for several years and, ultimately, that was the source of the pressure. Rather than take a credit bill from 2015 and pay it over a longer period, we looked to split it and apportion the expenditure based on what it had been used for. If it had been used to fund the extension of a shed in 2015, potentially it was a six-year loan, whereas if feed and fertiliser made up half of what had been applied for, it could be included in a two-year loan. It was a case of trying to understand what had been included in the application and matching it with the appropriate term. In most cases, we had that kind of proactive conversation with our clients.