Thank you very much, and thanks to all of you for keeping your presentations very brief so we can get to questions.
For your information, the members will have questions in either five- or six-minute slots, so they have limited time to ask their questions. There are a lot of panellists here. Usually they will direct their question to one of you, but if someone else would like to add something, just indicate to me and I will endeavour to allow you to answer as well.
We'll start with Mr. McTeague. You have six minutes.