Thank you.
Through you, Mr. Chair, to BDC, first I want to say thank you for coming to my office previously and discussing some of my concerns. For some of the things I think I found resolution, and for others I would agree to disagree.
Going through the financial statements, a few things stuck out to me, the first being on page 20, which talks about the performance against objectives. It says:
The consolidated net income of $490.7 million was $172.4 million more than the corporate plan objective.
When I work backwards on that, we have a 54% variance from plan. I know you would probably think, we have a Conservative MP asking about doing better than expected in terms of return, and that's a great thing. I actually believe the opposite. I think your organization is there to provide capital to invest in the marketplace where others can't necessarily compete.
When we are seeing that type of positive variance from plan, it would also suggest that perhaps we can start allocating dollars into areas that are more risky. Can you quickly tell me—maybe a 45-second to a minute-long answer—how we got to a 54% variance from plan?