We are rec ordi ng a los s of £138 mil lion, dr ive n by real ised losses of £65 mil lion relating to the failure o f three earl y investme n ts made by the Bank, and unrealised losses of £85 mi l lion due to reva luations of long- term assets, which include anticipated losses rela ting to the f ailure of tw o f urther portf ol io com pa nies whose admi nistration pr ocess es hadn ’t compl eted by 31 March.