Ms Ann Nolan:

When talking about the difference between current and capital, it should be borne in mind that when one looks at what we got back from AIB, much of the money, including fees on the guarantee and so on, came in as income. During the years when we were paying interest, the income from AIB was probably higher than the interest going out. That is not to say that justifies what we did but it is not simply one way of the other.