Mr. Niall Cody:

At its height, the figure was €3.2 billion and is now €1.75 billion. The bulk of that reduction relates to payments. About €200 million relates to businesses who had their debt warehousing status revoked because they failed to meet their current liabilities. A significant amount of money was paid before the 3% interest rate started to kick in. Originally the rate of interest was 0%. Businesses which could pay did pay. That was welcome. Close to a billion of the reduction was in actual payments. A number of businesses have entered into instalment arrangements. We published figures on this. Some €158 million is under phased payment arrangements. There was a €1.4 billion reduction and, as the Deputy said, most businesses in the 57,000 cohort have a small amount of debt. Some will be surprised to find out that they are in still counted in the debt warehouse figures because they have a small balance of less than €500. That will be picked up and worked out.