Mr. Seamus McCarthy:

We have engaged with Fáilte Ireland over a period of six or seven years. We have had the same qualification. The organisation is adamant and is sticking with its view that because it does not have a guarantee, it is not going to recognise the asset. It is returning a net liability position year after year but still continues to operate because it is funded and supported. In my view, it would be appropriate for it to recognise the future asset but I cannot make it change its accounting; I can only recommend. This qualification would go away if Fáilte Ireland recognised the asset.