Permanent TSB has this afternoon published its annual report and accounts for 2012. There is also a press release here. We own 99.8% of PTSB so these results directly impact on us. After a near €600m loss in H1, 2012, PTSB has turned in a smaller loss for H2, 2012 and the results presented might be considered better than expected. Given the expiry of the Eligible Liabilities Guarantee at midnight this coming Thursday and the ongoing fiasco in Cyprus, the accounts of what is Ireland’s weakest bank were always going to be carefully scrutinized but a quick perusal provides some confidence. Here is the P&L, Statement of Comprehensive Income and the Balance Sheet, there will be commentary and analysis on here later.