Mr. Seamus McCarthy:

There are two significant matters. The control lapses were in respect of procurement. The company was in wind-down and the functions were being transferred, on 1 October 2015, to HEAnet. However, there was extensive spending in the months leading up to that of which the board was not aware. The board has investigated the matter thoroughly and produced a report. There is a lengthy dealing in respect of the matter in the statement on internal financial control.