Professor Gerry Boyle:

Yes, that is it precisely. We felt that was a prudent thing to do because we were quite concerned about our ability to manage cashflow in a prudent way. The Department did support us in this respect. In 2017, because this is an opportunistic type of activity, the same opportunity did not generate itself because of demands on current expenditure. The €2.398 million surplus is broken down roughly between €1 million from the capital side of our activities - we did not spend as much as we thought we would on capital - and the other €1.83 million from the current budget side. In summary, it is unusual to have any surplus but there is a reason we have a surplus. Whenever we have the opportunity over the next couple of years, we want to build that up to probably a significantly higher sum given the nature of our activities-----