Mr. John Coleman:

I am talking about looking forward. Obviously, we have a huge amount of expenditure at the moment to produce homes that will produce rents in the coming years and you have to put out that money first to get the rent in future years.

The LDA will be profitable in the years ahead as a result of those rents that come in, but profit is not our first motive. Financial sustainability really is our motive. The LDA will, as a result of that increase in cost-rental income, have many more funding and financing options available to it in the years ahead.