Thank you, Mr. Chairman.
Thank you, ladies and gentlemen.
My questions are essentially for you, Mr. Greenhill. It's always a pleasure to see you again.
However, I see once again that you don't always tell us everything. In your presentation, you say that declining contributions will offset an increase in grants. What is the difference between a grant and a contribution? Compared to today, what do you think was the approximate ratio 10 years ago?