Mr. Brendan McDonagh:

NAMA at the start acquired loans in excess of €32 billion, which involved approximately 60,000 individual properties hanging out of them. Thankfully, some of those properties had income in rents coming from them. Non-disposable income is made up mainly of rents or debt settlements with people where additional unencumbered assets and things like that are being handed over. The majority of this money relates to rents which we received from assets we collected over the years before we sold them.