...Welcome to the presentation of our results for the year 2020. These show a pretax loss of some GBP 136 million as a result of: first, the impact of the COVID-19 pandemic; secondly, regulatory issues, which we faced during the year; and thirdly, a very large exceptional item of approximately GBP 98 million. As a result of these factors affecting the results, net loan book declined to GBP 258 million, principally due to the pandemic. Our normalized loss before tax was GBP 35.2 million and the statutory loss before tax was GBP 136 million. So the exceptional items of GBP 98 million include the write-off of goodwill of the companies we acquired and also the estimated redress costs of GBP 15.5 million relating to our Guarantor Loan division. And indeed, from today, the Guarantor Loan division is being placed into managed runoff. As regards our balance sheet, liquidity and going concern, at 31st of December, 2020, borrowings were GBP 330 million, i.e., fully drawn facilities, but we had cash...
