 So welcome to the release of the public accounts for the fiscal year 2011, 2012. So again this year you can see that British Columbia has ended up, in fact we all remember in the first quarterly we had the results of the HST referendum which means that we were required to book the entire $1.6 billion repayment to the federal government in that current fiscal year, the 2011 fiscal year. That is obviously a one-time non-recurring extraordinary expense but you can see that had we not had the $1.6 billion required payback to the federal government we came within $241 million of balancing the budget by the reporting out public accounts. That is a $684 million reduction in spending from budget, something that we're very proud of. We've done I think a very credible job of demonstrating discipline in government in terms of reducing spending and that's something that will not be unnoticed or go unnoticed by the credit rating agencies in the investment community. You can see that the annual deficit therefore is $1.84 billion which is down from the third quarter or the budget amount of almost $2.9 billion. Our program spending was held to 2.6%. That's about 40% lower than the 4.3% that we forecast in the budget of 2011. Taxpayers supported debt to GDP. It's a key indicator as you know that the credit rating agencies and the investment communities look at in terms of government's ability to manage its debt is 16.4% which is below the 17.5% that was forecast in the budget so that will be certainly viewed as another positive sign. Capital spending maintains the near record levels that we've been undertaking and I think this is very important for British Columbians to understand that at the time of great economic uncertainty British Columbia continues to invest record amounts, near record amounts in new schools, in university investments, in hospitals across the province whether it's the Surrey Memorial in Surrey or Women and Children's in Vancouver or Fort St. John Hospital up in the peace country. We are making or the cancer clinic and the new cancer clinic in Prince George we're making record level investments in capital and we're able to do it affordably at a level that will retain the confidence of credit rating agencies. Provincial GDP you can see grew 2.9% in 2011. That's the third best in the country. Behind obviously Alberta and Saskatchewan the oil rich provinces in the country but it's better than the national average of 2.6%. And the international credit rating agencies again are providing British Columbia the highest possible credit rating triple A credit which we are proud of and intend to maintain.