Public Accounts committee  —of any concern that the venture capital association has in that—

Public Accounts committee  That went by very quickly, but I would say I think the math....

Public Accounts committee  No, that's fine. The math is a little different from that, I think. So $350 million of Government of Canada money across four funds, which total $1.35 billion.... I think the calculation is really, government accounts for 25% of the total capital—

Public Accounts committee  So far....

Public Accounts committee  But there are two things, I guess. One is, that is a milestone along the way because not all capital has been committed, and not all capital has been deployed.

Public Accounts committee  The point is that the Auditor General has made it clear that one of the key indicators is how much money is going into companies, and what is company performance at the end.

Public Accounts committee  It's for that reason that's part of the reporting.

Public Accounts committee  No. Maybe I'll walk you through it.

Public Accounts committee  It's a complicated question. I'll walk you through it quickly. I'll even speak faster.

Public Accounts committee  Typically, the BDC provides dividends.

Public Accounts committee  No, Jérôme said it's tracked separately. Share purchases are separate as well.

Public Accounts committee  That's correct.

Public Accounts committee  Nor I.

Public Accounts committee  If I understand you correctly, the government cost of capital should be taken into account when the government thinks about what the return is on that capital, and there should be some kind of adjustment made for that to get a real rate of return given that the money was borrowed

Public Accounts committee  As I indicated, I have not given it a lot of thought. But since you just raised it, it seems to me the relevant adjustment is the government cost of capital in this case.