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  "fact-555": {
   "value": "Notes t<span class=\"_ _3\"></span>o the c<span class=\"_ _3\"></span>ons<span class=\"_ _3\"></span>oli<span class=\"_ _15\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ted finan<span class=\"_ _3\"></span>cial stat<span class=\"_ _3\"></span>ements<span class=\"_ _332\"> </span>For th<span class=\"_ _3\"></span>e year ended 3<span class=\"_ _6\"></span>1 Marc<span class=\"_ _3\"></span>h 20<span class=\"_ _15\"></span>23<span class=\"_ _332\"> </span>1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies<span class=\"_ _332\"> </span>(a<span class=\"_ _3\"></span>) B<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sis o<span class=\"_ _0\"></span>f pre<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc(the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any) is a compa<span class=\"_ _0\"></span>ny incor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d King<span class=\"_ _0\"></span>dom a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>gis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red in S<span class=\"_ _0\"></span>cotl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>. It w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>6 Ju<span class=\"_ _0\"></span>ly 1<span class=\"_ _3\"></span>93<span class=\"_ _3\"></span>6 un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span> the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s Ac<span class=\"_ _0\"></span>t 1<span class=\"_ _3\"></span>929<span class=\"_ _15\"></span>. Th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s regis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red offi<span class=\"_ _0\"></span>ce is at 35 Duc<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>s Road<span class=\"_ _0\"></span>, Rut<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>gle<span class=\"_ _0\"></span>n, G<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>sgow, G73 1<span class=\"_ _15\"></span>AU. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any a<span class=\"_ _0\"></span>nd all i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d in po<span class=\"_ _0\"></span>unds s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erli<span class=\"_ _0\"></span>ng, w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny\u2019s func<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l and p<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y. All amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n roun<span class=\"_ _0\"></span>ded to t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t one h<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>hous<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d pou<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, unl<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wis<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s princip<span class=\"_ _0\"></span>al ac<span class=\"_ _2\"></span>tivi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are focuse<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>urcing<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on of bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices and a<span class=\"_ _0\"></span>ncill<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n pre<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>red in a<span class=\"_ _0\"></span>ccorda<span class=\"_ _0\"></span>nce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h UK-adop<span class=\"_ _0\"></span>ted In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Acc<span class=\"_ _3\"></span>ounting Sta<span class=\"_ _0\"></span>ndards.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>ave be<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>red o<span class=\"_ _0\"></span>n the hi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r cer<span class=\"_ _2\"></span>tain fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch are r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red to be me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue.<span class=\"_ _0\"></span> Going concern The co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 have b<span class=\"_ _0\"></span>een p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d on a goi<span class=\"_ _0\"></span>ng conce<span class=\"_ _0\"></span>rn ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>is. I<span class=\"_ _0\"></span>n ado<span class=\"_ _0\"></span>ptin<span class=\"_ _0\"></span>g the go<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>cern b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is,<span class=\"_ _0\"></span> the D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s busin<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n page<span class=\"_ _0\"></span>s 6 to 72 of th<span class=\"_ _0\"></span>e Ann<span class=\"_ _0\"></span>ual Re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t and Accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s 2023 an<span class=\"_ _0\"></span>d the pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> and u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t on pa<span class=\"_ _0\"></span>ges 73 to 82 a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e via<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t on pa<span class=\"_ _0\"></span>ge 84 of th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s and the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any\u2019s ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty t<span class=\"_ _0\"></span>o conti<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>s a goi<span class=\"_ _0\"></span>ng conce<span class=\"_ _0\"></span>rn for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of at l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 1<span class=\"_ _15\"></span>2 m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs from the d<span class=\"_ _0\"></span>ate of a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oval of t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (the G<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g Conce<span class=\"_ _0\"></span>rn A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Perio<span class=\"_ _0\"></span>d). Th<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the l<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t med<span class=\"_ _0\"></span>ium<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>sh fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s from th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s cas<span class=\"_ _0\"></span>h flow mo<span class=\"_ _0\"></span>del (th<span class=\"_ _0\"></span>e Ba<span class=\"_ _0\"></span>se C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se For<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>), whi<span class=\"_ _0\"></span>ch is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ard a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oved bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> Ca<span class=\"_ _0\"></span>se Fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ebt fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y in pla<span class=\"_ _0\"></span>ce are a<span class=\"_ _0\"></span>deq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>te to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany ove<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g Conce<span class=\"_ _0\"></span>rn Assessment P<span class=\"_ _3\"></span>eriod.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s princip<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>ebt fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 w<span class=\"_ _0\"></span>ere a \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>50<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m revol<span class=\"_ _0\"></span>ving c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t facil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing in O<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2026, of wh<span class=\"_ _0\"></span>ich <span class=\"ls4\"> </span>\u00a38.4m wa<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>raw<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>50<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m of US pr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ate pl<span class=\"_ _0\"></span>acem<span class=\"_ _0\"></span>ent (<span class=\"_ _0\"></span>USPP) n<span class=\"_ _0\"></span>otes<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cing ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n finan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> covena<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e tes<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y si<span class=\"_ _0\"></span>x mon<span class=\"_ _0\"></span>ths o<span class=\"_ _0\"></span>n a rollin<span class=\"_ _0\"></span>g 1<span class=\"_ _15\"></span>2-mon<span class=\"_ _0\"></span>th ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Fina<span class=\"_ _0\"></span>nce rev<span class=\"_ _0\"></span>iew on p<span class=\"_ _0\"></span>age 72<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Of t<span class=\"_ _0\"></span>he US<span class=\"_ _0\"></span>PP note<span class=\"_ _0\"></span>s, \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>20.<span class=\"_ _0\"></span>0m we<span class=\"_ _0\"></span>re is<span class=\"_ _0\"></span>sued i<span class=\"_ _0\"></span>n Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2022 un<span class=\"_ _0\"></span>der a d<span class=\"_ _0\"></span>elaye<span class=\"_ _0\"></span>d fundin<span class=\"_ _0\"></span>g agr<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>ent to avo<span class=\"_ _0\"></span>id any ove<span class=\"_ _0\"></span>rla<span class=\"_ _0\"></span>p wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m (<span class=\"_ _0\"></span>bei<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span> rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng accou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e cross<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te sw<span class=\"_ _0\"></span>aps) of notes th<span class=\"_ _0\"></span>at ma<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e new no<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e spli<span class=\"_ _0\"></span>t equ<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 8<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>0 an<span class=\"_ _0\"></span>d 1<span class=\"_ _15\"></span>2 yea<span class=\"_ _0\"></span>r ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, and we<span class=\"_ _0\"></span>re iss<span class=\"_ _0\"></span>ued w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th an ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge coup<span class=\"_ _0\"></span>on of 2<span class=\"_ _0\"></span>.94<span class=\"_ _3\"></span>% t<span class=\"_ _0\"></span>hat i<span class=\"_ _0\"></span>s signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ly be<span class=\"_ _0\"></span>low th<span class=\"_ _0\"></span>e coupo<span class=\"_ _0\"></span>n of the m<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span> note<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se Ca<span class=\"_ _0\"></span>se Fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t the re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ining \u00a3<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of USPP no<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e due to m<span class=\"_ _0\"></span>atur<span class=\"_ _0\"></span>e in De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er 202<span class=\"_ _3\"></span>4, w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tes w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>ms of the a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h it<span class=\"_ _0\"></span>s le<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh (<span class=\"_ _0\"></span>i.e<span class=\"_ _0\"></span>. net c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for covenan<span class=\"_ _0\"></span>t pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es,<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily by t<span class=\"_ _0\"></span>he exclu<span class=\"_ _0\"></span>sion of l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>) of \u00a383.<span class=\"_ _0\"></span>5m at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023. T<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e Fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up wil<span class=\"_ _0\"></span>l conti<span class=\"_ _0\"></span>nue to o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>se ter<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>nd tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e hea<span class=\"_ _0\"></span>droo<span class=\"_ _0\"></span>m prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s d<span class=\"_ _0\"></span>ebt fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y in pla<span class=\"_ _0\"></span>ce is ad<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ate to su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup ove<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>ng Con<span class=\"_ _0\"></span>cern<span class=\"_ _0\"></span> Assessment P<span class=\"_ _3\"></span>eriod.<span class=\"_ _332\"> </span>The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have a<span class=\"_ _0\"></span>lso com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted a reve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>ss tes<span class=\"_ _0\"></span>t u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e poi<span class=\"_ _0\"></span>nt at w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al coven<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, or facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hea<span class=\"_ _0\"></span>dro<span class=\"_ _0\"></span>om, wo<span class=\"_ _0\"></span>uld b<span class=\"_ _0\"></span>e bre<span class=\"_ _0\"></span>ache<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n cho<span class=\"_ _0\"></span>sen af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s princi<span class=\"_ _0\"></span>pal r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>inti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to ad<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in the e<span class=\"_ _0\"></span>cono<span class=\"_ _0\"></span>mic e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d/or a det<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in com<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>cial o<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are<span class=\"_ _0\"></span> lis<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>elow. The<span class=\"_ _0\"></span>se ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>een co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>ntex<span class=\"_ _2\"></span>t of any fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er U<span class=\"_ _0\"></span>K budg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>, poli<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l uncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ued i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the<span class=\"_ _0\"></span> Russ<span class=\"_ _0\"></span>ian inv<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sion of U<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>, as w<span class=\"_ _0\"></span>ell a<span class=\"_ _0\"></span>s an infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally r<span class=\"_ _0\"></span>eces<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic env<span class=\"_ _0\"></span>iron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t:<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>A d<span class=\"_ _0\"></span>own<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n in reve<span class=\"_ _0\"></span>nues<span class=\"_ _0\"></span>: this re<span class=\"_ _0\"></span>flec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s of not b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>ble to d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces to ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>r not re<span class=\"_ _0\"></span>newe<span class=\"_ _0\"></span>d; \u2022 <span class=\"_ _5\"> </span>A d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of gros<span class=\"_ _0\"></span>s mar<span class=\"_ _0\"></span>gin: t<span class=\"_ _0\"></span>his refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts bei<span class=\"_ _0\"></span>ng ren<span class=\"_ _0\"></span>egot<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d at lo<span class=\"_ _0\"></span>wer ma<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ns, o<span class=\"_ _0\"></span>r pla<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s not b<span class=\"_ _0\"></span>eing d<span class=\"_ _0\"></span>eliv<span class=\"_ _0\"></span>ered<span class=\"_ _0\"></span>; \u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>: this refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s of a shor<span class=\"_ _2\"></span>tfall i<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>d overh<span class=\"_ _0\"></span>ead co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gin en<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ves no<span class=\"_ _0\"></span>t bei<span class=\"_ _0\"></span>ng deli<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d, o<span class=\"_ _0\"></span>r oth<span class=\"_ _0\"></span>er cos<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s sus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ned h<span class=\"_ _0\"></span>ighe<span class=\"_ _0\"></span>r cos<span class=\"_ _0\"></span>t infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n; and<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>A d<span class=\"_ _0\"></span>own<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n in ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n: this r<span class=\"_ _0\"></span>eflec<span class=\"_ _2\"></span>ts the r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s of cus<span class=\"_ _2\"></span>tomer<span class=\"_ _0\"></span>s del<span class=\"_ _0\"></span>aying p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mov<span class=\"_ _0\"></span>al of an<span class=\"_ _0\"></span>cillar<span class=\"_ _2\"></span>y debt faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies or any su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>off set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to com<span class=\"_ _0\"></span>merci<span class=\"_ _0\"></span>al is<span class=\"_ _0\"></span>sues<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gsf\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10\">As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>his a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs con<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e likeli<span class=\"_ _0\"></span>hoo<span class=\"_ _0\"></span>d of the rev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>ss sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing wa<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>te. In r<span class=\"_ _0\"></span>eac<span class=\"_ _0\"></span>hing th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11\">concl<span class=\"_ _0\"></span>usio<span class=\"_ _0\"></span>n of remo<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>he Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d the follow<span class=\"_ _0\"></span>ing:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>ll s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ess te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os woul<span class=\"_ _0\"></span>d req<span class=\"_ _0\"></span>uire a ver<span class=\"_ _2\"></span>y severe de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>red to t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e Ca<span class=\"_ _0\"></span>se Fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Reven<span class=\"_ _0\"></span>ue is con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e key risk<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13\">this i<span class=\"_ _0\"></span>s les<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>trol of m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Reve<span class=\"_ _0\"></span>nue wo<span class=\"_ _0\"></span>uld ne<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>cline by a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y 38% in th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4, co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>red to t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14\">Ba<span class=\"_ _0\"></span>se C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se For<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch is cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e ver<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>evere g<span class=\"_ _0\"></span>iven t<span class=\"_ _0\"></span>he hig<span class=\"_ _0\"></span>h prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of Mi<span class=\"_ _0\"></span>tie\u2019s reven<span class=\"_ _0\"></span>ue th<span class=\"_ _0\"></span>at is fi<span class=\"_ _0\"></span>xed in na<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e fac<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at eve<span class=\"_ _0\"></span>n in </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15\">the Cov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>-hi<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, Mi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e\u2019<span class=\"_ _3\"></span>s re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e excludi<span class=\"_ _0\"></span>ng In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve d<span class=\"_ _0\"></span>ecli<span class=\"_ _0\"></span>ned by o<span class=\"_ _0\"></span>nly 1.6<span class=\"_ _3\"></span>%<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16\">\u2022 <span class=\"_ _5\"> </span>I<span class=\"_ _0\"></span>n the ev<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>hat r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ted to tren<span class=\"_ _0\"></span>d sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly b<span class=\"_ _0\"></span>elow th<span class=\"_ _0\"></span>ose in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e Ca<span class=\"_ _0\"></span>se Fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tifie<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17\">tha<span class=\"_ _0\"></span>t woul<span class=\"_ _0\"></span>d be imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are n<span class=\"_ _0\"></span>ot fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>to the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>s tes<span class=\"_ _0\"></span>t sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e the s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m sc<span class=\"_ _0\"></span>alin<span class=\"_ _0\"></span>g dow<span class=\"_ _0\"></span>n of ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs18\">overhead efficiency/<span class=\"_ _15\"></span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion measures including<span class=\"_ _3\"></span> ca<span class=\"_ _0\"></span>ncellation o<span class=\"_ _3\"></span>f discretionar<span class=\"_ _0\"></span>y bonuses and reduc<span class=\"_ _3\"></span>ed discretionar<span class=\"_ _0\"></span>y spend, asse<span class=\"_ _0\"></span>t disposals and reductions </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19\">in ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h dis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd sha<span class=\"_ _0\"></span>re bu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>ack<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a\">Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs h<span class=\"_ _0\"></span>ave a rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any have ad<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uate r<span class=\"_ _0\"></span>eso<span class=\"_ _0\"></span>urces to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e in </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1b\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nce for a per<span class=\"_ _0\"></span>iod of n<span class=\"_ _0\"></span>o les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nths fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>ate of ap<span class=\"_ _0\"></span>prov<span class=\"_ _0\"></span>al of th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c\">Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs have co<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>lihoo<span class=\"_ _0\"></span>d of the r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ess s<span class=\"_ _0\"></span>cena<span class=\"_ _0\"></span>rios a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing is re<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>te and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re no ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs1d\">Acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are n<span class=\"_ _0\"></span>ewl<span class=\"_ _0\"></span>y eff<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t yea<span class=\"_ _0\"></span>r<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gs1e\">The f<span class=\"_ _15\"></span>ollowing<span class=\"_ _3\"></span> amendments became effective du<span class=\"_ _3\"></span>ring the y<span class=\"_ _3\"></span>ear ended 3<span class=\"_ _6\"></span>1 March<span class=\"_ _3\"></span> 2023<span class=\"_ _3\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs1f\">Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>o IA<span class=\"_ _0\"></span>S 3<span class=\"_ _3\"></span>7 O<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s - Cos<span class=\"_ _0\"></span>t of Ful<span class=\"_ _0\"></span>fil<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng a C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs20\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ado<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ent to I<span class=\"_ _0\"></span>AS 37 <span class=\"ff8b\">Onerous Contract<span class=\"_ _0\"></span>s \u2013 Cost of Fulfilling a Cont<span class=\"_ _0\"></span>ract </span>on 1 A<span class=\"_ _0\"></span>pril 202<span class=\"_ _0\"></span>2. Th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>rifie<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to fulfil <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21\">a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e bot<span class=\"_ _0\"></span>h incre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of fulfillin<span class=\"_ _0\"></span>g a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d an al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of ot<span class=\"_ _0\"></span>her di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te to fulfillin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts. T<span class=\"_ _0\"></span>his re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs22\">a cha<span class=\"_ _0\"></span>nge in a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>formi<span class=\"_ _0\"></span>ng one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly, the Gr<span class=\"_ _0\"></span>oup in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span>ly inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to fulfi<span class=\"_ _0\"></span>l a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs23\">wh<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mini<span class=\"_ _0\"></span>ng wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s one<span class=\"_ _0\"></span>rous<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e revi<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y is to i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>th incr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al cos<span class=\"_ _2\"></span>ts and a<span class=\"_ _0\"></span>n allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of oth<span class=\"_ _0\"></span>er dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs24\">As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e revis<span class=\"_ _0\"></span>ed acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n oth<span class=\"_ _0\"></span>er dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t su<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>vision a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>een i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ded by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs25\">cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of fulfilling a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup, th<span class=\"_ _0\"></span>erefore<span class=\"_ _0\"></span>, recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m for cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed at 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2022 on on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs26\">(<span class=\"_ _3\"></span>see N<span class=\"_ _0\"></span>ote 2<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>). </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs27\">The a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y pros<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively to co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are fi<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s not r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls22 ws77 gs28\">comparative in<span class=\"_ _3\"></span>formation. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs29\">Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o IA<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>6 Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Pl<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>nd Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt - Pr<span class=\"_ _0\"></span>oce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ed Us<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2a\">In May 2020, th<span class=\"_ _0\"></span>e Inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing St<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dard<span class=\"_ _0\"></span>s B<span class=\"_ _0\"></span>oard (<span class=\"_ _0\"></span>IASB) pub<span class=\"_ _0\"></span>lish<span class=\"_ _0\"></span>ed am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to IAS 1<span class=\"_ _3\"></span>6 <span class=\"ff8b\">Pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ty, Plant and Equipment</span><span class=\"ls13 wsb\">, which require amount<span class=\"_ _0\"></span>s </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2b\">recei<span class=\"_ _0\"></span>ved from s<span class=\"_ _0\"></span>ellin<span class=\"_ _0\"></span>g ite<span class=\"_ _0\"></span>ms pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ced wh<span class=\"_ _0\"></span>ile th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any is p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set for i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ded u<span class=\"_ _0\"></span>se to be r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d not a<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2c\">adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent to t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as n<span class=\"_ _0\"></span>ot re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>ny such a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _3\"></span>, pl<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2d\">and t<span class=\"_ _0\"></span>hus t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t had a<span class=\"_ _0\"></span>n impa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs2e\">Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 3 Bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns - R<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nce t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ual Fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2f\">The a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>ce a reference to a pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>us ver<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n of the I<span class=\"_ _0\"></span>ASB<span class=\"_ _0\"></span>\u2019s Concept<span class=\"_ _0\"></span>ual Fr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k wi<span class=\"_ _0\"></span>th a refere<span class=\"_ _0\"></span>nce to the c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ion is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs30\">Ma<span class=\"_ _0\"></span>rch 20<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8 wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ad<span class=\"_ _0\"></span>d an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to the r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>rinc<span class=\"_ _0\"></span>iple of IF<span class=\"_ _0\"></span>RS 3 <span class=\"ff8b ls20 ws21\">Business Combina<span class=\"_ _0\"></span>tions </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs31\">to avoid t<span class=\"_ _0\"></span>he iss<span class=\"_ _0\"></span>ue of pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial \u2018<span class=\"_ _0\"></span>day 2\u2019 g<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s or los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing for liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at wou<span class=\"_ _0\"></span>ld be w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e scop<span class=\"_ _0\"></span>e of IAS 37 <span class=\"ff8b ls8a ws121\">Provisions<span class=\"_ _0\"></span>, </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gs32\">Contingent Liabili<span class=\"_ _0\"></span>ties and Contingent As<span class=\"_ _0\"></span>sets<span class=\"ff88\"> or IFR<span class=\"_ _0\"></span>IC 2<span class=\"_ _3\"></span>1 <span class=\"ff8b ls1b ws1a\">Levies<span class=\"_ _0\"></span>,</span> if i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he except<span class=\"_ _0\"></span>ion r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>res en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s to app<span class=\"_ _0\"></span>ly th<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia in IA<span class=\"_ _0\"></span>S 37 or IFRI<span class=\"_ _0\"></span>C 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs33\">resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, ins<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ad of th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>ceptu<span class=\"_ _0\"></span>al Fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, to d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her a p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>lso ad<span class=\"_ _0\"></span>d a </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs34\">new pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>agr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>h to IFR<span class=\"_ _0\"></span>S 3 to clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y tha<span class=\"_ _0\"></span>t conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>o not q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>fy for reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n at th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n date<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ccorda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs35\">the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ap<span class=\"_ _0\"></span>plies t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pros<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively, i.e. to bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns occu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing af<span class=\"_ _0\"></span>ter 1 A<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>l 2022; tha<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l yea<span class=\"_ _0\"></span>r in whi<span class=\"_ _0\"></span>ch the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs36\">Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (the d<span class=\"_ _0\"></span>ate of i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _15\"></span>). T<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d no im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs37\">the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p a<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>re were n<span class=\"_ _0\"></span>o conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es or con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e scop<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs38\">Acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are n<span class=\"_ _0\"></span>ot ye<span class=\"_ _0\"></span>t man<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd h<span class=\"_ _0\"></span>ave not be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws21 gs39\">At the d<span class=\"_ _0\"></span>ate of au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as n<span class=\"_ _0\"></span>ot a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d the follow<span class=\"_ _0\"></span>ing ne<span class=\"_ _0\"></span>w and r<span class=\"_ _0\"></span>evise<span class=\"_ _0\"></span>d IFR<span class=\"_ _0\"></span>S Accoun<span class=\"_ _0\"></span>ting St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs3a\">tha<span class=\"_ _0\"></span>t have be<span class=\"_ _0\"></span>en is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t are n<span class=\"_ _0\"></span>ot ye<span class=\"_ _0\"></span>t effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs3b\">\u2022 <span class=\"_ _5\"> </span>I<span class=\"_ _0\"></span>FRS 1<span class=\"_ _3\"></span>7 <span class=\"ff8b\">Insurance Contracts<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs3c\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>FRS 10 <span class=\"ff8b\">Consolidated Financial Statements </span><span class=\"ls4\">and</span><span class=\"ff8b\"> IAS 28 Investments in As<span class=\"_ _0\"></span>sociates and J<span class=\"_ _0\"></span>oint V<span class=\"_ _3\"></span>entures \u2013 Sale or C<span class=\"_ _0\"></span>ontribution of A<span class=\"_ _0\"></span>ssets bet<span class=\"_ _0\"></span>ween an </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gs3d\">Investor and it<span class=\"_ _0\"></span>s Ass<span class=\"_ _0\"></span>ociate or Joint Venture </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs3e\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 1 <span class=\"ff8b\">Presentation of Financial Statements \u2013 Classi<span class=\"_ _0\"></span>fication of Liabi<span class=\"_ _0\"></span>lities as Current or Non<span class=\"_ _0\"></span>-cur<span class=\"_ _0\"></span>rent </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs3f\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 1 <span class=\"ff8b\">Presentation of Financial Statements </span>a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ice St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 2 <span class=\"ff8b\">Mak<span class=\"_ _0\"></span>ing Materialit<span class=\"_ _0\"></span>y Judgements \u2013 Disclosure of Accounting Policies<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs40\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 8 <span class=\"ff8b\">Accounting Policies<span class=\"_ _0\"></span>, Changes in Accounting E<span class=\"_ _0\"></span>stimates and Er<span class=\"_ _0\"></span>rors \u2013 D<span class=\"_ _0\"></span>efinition of Accounting Es<span class=\"_ _0\"></span>timates<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs41\">\u2022 <span class=\"_ _5\"> </span>A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>2 <span class=\"ff8b\">Inco<span class=\"_ _0\"></span>me T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>xes \u2013 Deferred T<span class=\"_ _3\"></span>ax related to A<span class=\"_ _0\"></span>ssets and Liabili<span class=\"_ _0\"></span>ties arising from a Single T<span class=\"_ _15\"></span>ransac<span class=\"_ _0\"></span>tion<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs42\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essi<span class=\"_ _0\"></span>ng the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>ese new s<span class=\"_ _2\"></span>tand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting w<span class=\"_ _0\"></span>ill be p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted i<span class=\"_ _0\"></span>n accord<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>ese s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>rds from </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs43\">the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve dat<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span></div>1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span>(b) Cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s on PF<span class=\"_ _0\"></span>I li<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ycl<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI lifec<span class=\"_ _0\"></span>ycle cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to mai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ties over p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods of up t<span class=\"_ _0\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. A fund is e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blis<span class=\"_ _0\"></span>hed a<span class=\"_ _0\"></span>t the s<span class=\"_ _2\"></span>tar<span class=\"_ _2\"></span>t of the<span class=\"_ _332\"> </span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re dr<span class=\"_ _0\"></span>awn d<span class=\"_ _0\"></span>own by th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce wor<span class=\"_ _0\"></span>k is per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>. For cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup is a<span class=\"_ _0\"></span>lso e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to sha<span class=\"_ _0\"></span>re in a<span class=\"_ _0\"></span>ny<span class=\"_ _332\"> </span>sur<span class=\"_ _0\"></span>plus l<span class=\"_ _0\"></span>eft i<span class=\"_ _0\"></span>n the fun<span class=\"_ _0\"></span>d. Reven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r tim<span class=\"_ _0\"></span>e to refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ng of the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice, i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te pro<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>tion of<span class=\"_ _332\"> </span>the li<span class=\"_ _0\"></span>kely su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us in th<span class=\"_ _0\"></span>e fund, s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to be<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e not to re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se.<span class=\"_ _0\"></span> His<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s on PFI lifec<span class=\"_ _0\"></span>ycle fund<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>,<span class=\"_ _332\"> </span>following a r<span class=\"_ _0\"></span>eview of t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _2\"></span>ts, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t conclu<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>houl<span class=\"_ _0\"></span>d be re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>, in o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span> to refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e timin<span class=\"_ _0\"></span>g of ca<span class=\"_ _0\"></span>sh re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>cross t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Thi<span class=\"_ _0\"></span>s chan<span class=\"_ _0\"></span>ge ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d for retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ely, and accord<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e comp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022 ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>hich ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> in a recl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d non<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent \u2018<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les\u2019<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>ere ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een n<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ngs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are<span class=\"_ _332\"> </span>or ne<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rch 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span>As reported <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Reclassi<span class=\"_ _0\"></span>fication <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>As r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1f6\"> </span><span class=\"ff89 ws0\">7.8<span class=\"_ _6b\"> </span>17.3<span class=\"_ _150\"> </span>25.1<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal non-<span class=\"_ _0\"></span>current assets<span class=\"_ _180\"> </span><span class=\"ff89 ls4 ws0\">738.1<span class=\"_ _6b\"> </span>17.3<span class=\"_ _164\"> </span>755.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1c5\"> </span><span class=\"ff89 ws0\">704.0<span class=\"_ _a2\"> </span>(17.3)<span class=\"_ _72\"> </span>686.7<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal current assets<span class=\"_ _1f7\"> </span><span class=\"ff89 ls4 ws0\">1,083.3<span class=\"_ _5c\"> </span>(17.3)<span class=\"_ _81\"> </span>1,066.0<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal assets<span class=\"_ _1f8\"> </span><span class=\"ff89 ls4 ws0\">1,821.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _1d\"> </span>1,821.4<span class=\"_ _332\"> </span></span>Net curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _1f9\"> </span><span class=\"ff89 ls4 ws0\">(71.3)<span class=\"_ _7c\"> </span>(17.3)<span class=\"_ _23\"> </span>(88.6)<span class=\"_ _332\"> </span></span>Net ass<span class=\"_ _3\"></span>ets<span class=\"_ _1fa\"> </span><span class=\"ff89 ls4 ws0\">425.8<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>425.8<span class=\"_ _332\"> </span></span>3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rch 2<span class=\"_ _0\"></span>021<span class=\"_ _332\"> </span>As reported <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Reclassifica<span class=\"_ _0\"></span>tion <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>As res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ated <span class=\"ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1fb\"> </span><span class=\"ws0\">8.3<span class=\"_ _80\"> </span>17.3<span class=\"_ _d2\"> </span>25.6<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal non-<span class=\"_ _0\"></span>current assets<span class=\"_ _1f6\"> </span><span class=\"ff88 ls4 ws0\">735.3<span class=\"_ _d2\"> </span>17.3<span class=\"_ _3a\"> </span>752.6<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1fc\"> </span><span class=\"ws0\">678.8<span class=\"_ _9d\"> </span>(17.3)<span class=\"_ _cf\"> </span>661.5<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal current assets<span class=\"_ _1fd\"> </span><span class=\"ff88 ls4 ws0\">893.6<span class=\"_ _9d\"> </span>(17.3)<span class=\"_ _cf\"> </span>876.3<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal assets<span class=\"_ _16d\"> </span><span class=\"ff88 ls4 ws0\">1,628.9<span class=\"_ _60\"> </span>\u2013<span class=\"_ _bb\"> </span>1,628.9<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _1e2\"> </span><span class=\"ff88 ls4\">19.0<span class=\"_ _52\"> </span>(17.3)<span class=\"_ _59\"> </span>1.7<span class=\"_ _332\"> </span></span>Net ass<span class=\"_ _3\"></span>ets<span class=\"_ _1fe\"> </span><span class=\"ff88 ls4 ws0\">357.5<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>357.5<span class=\"_ _332\"> </span></span>The i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s at 1 A<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>l 2020 would have be<span class=\"_ _0\"></span>en a re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent \u2018<span class=\"_ _2\"></span>trad<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s\u2019 of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>4.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span>(<span class=\"_ _3\"></span>c)<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>ignificant accounting policies<span class=\"_ _332\"> </span>The s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s ado<span class=\"_ _0\"></span>pted i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s IFRS fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>elow.<span class=\"_ _332\"> </span>Basis of<span class=\"_ _3\"></span> consolidation<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc an<span class=\"_ _0\"></span>d all i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s sepa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span>fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d by the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny mee<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he defi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion of a q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>fy<span class=\"_ _0\"></span>ing en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er FRS 100 is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>by the Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting Co<span class=\"_ _0\"></span>uncil (<span class=\"_ _0\"></span>FRC). According<span class=\"_ _0\"></span>ly<span class=\"_ _3\"></span>, for the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er FR<span class=\"_ _0\"></span>S 1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1 a<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ued by t<span class=\"_ _0\"></span>he FRC<span class=\"_ _0\"></span>. <span class=\"ls4\"> </span>As p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by FR<span class=\"_ _0\"></span>S 1<span class=\"_ _3\"></span>01<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ken ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>age of t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re exem<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>hat s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd.<span class=\"_ _332\"> </span>In pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s accounti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icies a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ods of co<span class=\"_ _0\"></span>mpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on we<span class=\"_ _0\"></span>re, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>on of <span class=\"ls4\"> </span>the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y referr<span class=\"_ _0\"></span>ed to ab<span class=\"_ _0\"></span>ove, t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hose t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lied in t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> for the yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022, w<span class=\"_ _0\"></span>hich we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>red in a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h UK-adop<span class=\"_ _0\"></span>ted I<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ards i<span class=\"_ _0\"></span>n conformi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span>req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies Ac<span class=\"_ _2\"></span>t 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6.<span class=\"_ _332\"> </span>Sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te on w<span class=\"_ _0\"></span>hich co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d cea<span class=\"_ _0\"></span>se to be co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te on w<span class=\"_ _0\"></span>hich co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is<span class=\"_ _332\"> </span>tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. The r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od of acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere ne<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _15\"></span>, ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>de to th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes to b<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d into<span class=\"_ _332\"> </span>line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h tho<span class=\"_ _0\"></span>se use<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up.<span class=\"_ _332\"> </span>All in<span class=\"_ _0\"></span>terco<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny bala<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>nd tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ari<span class=\"_ _0\"></span>sing from i<span class=\"_ _0\"></span>nter-<span class=\"_ _0\"></span>grou<span class=\"_ _0\"></span>p tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, have b<span class=\"_ _0\"></span>een e<span class=\"_ _0\"></span>limin<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in full.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ured a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t\u2019s pro<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e net fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _332\"> </span>recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in a pa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t\u2019s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in a sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t in a los<span class=\"_ _0\"></span>s of cont<span class=\"_ _0\"></span>rol ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s\u2019 equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>No g<span class=\"_ _0\"></span>ain or l<span class=\"_ _0\"></span>oss is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on suc<span class=\"_ _0\"></span>h tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is n<span class=\"_ _0\"></span>ot rem<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Any diffe<span class=\"_ _0\"></span>rence b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>olling i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>and t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pa<span class=\"_ _0\"></span>id or re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span>Joint v<span class=\"_ _3\"></span>entures and<span class=\"_ _3\"></span> associates<span class=\"_ _332\"> </span>Joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>hose e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es over w<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s joi<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>reby t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts to t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, ra<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s to it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons for it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>hose e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es over w<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l and o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t influe<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t not co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l or joi<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>. The r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s consoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s using t<span class=\"_ _0\"></span>he eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span> of accoun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld for sa<span class=\"_ _0\"></span>le.<span class=\"_ _0\"></span> Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od, a<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in a jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>e or a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>te is ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t at cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s sha<span class=\"_ _0\"></span>re of the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inco<span class=\"_ _0\"></span>me of th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>ny exces<span class=\"_ _0\"></span>s of the cos<span class=\"_ _0\"></span>t of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s share of ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tifia<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th a j<span class=\"_ _0\"></span>oint ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re or a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te, p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>sses a<span class=\"_ _0\"></span>re el<span class=\"_ _0\"></span>imina<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _332\"> </span>A join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties th<span class=\"_ _0\"></span>at have j<span class=\"_ _0\"></span>oint co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l have th<span class=\"_ _0\"></span>e righ<span class=\"_ _0\"></span>t to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions for th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to the a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, or ot<span class=\"_ _0\"></span>her fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>hat is t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s sha<span class=\"_ _0\"></span>re of the re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t in join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ty a<span class=\"_ _0\"></span>re incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er ea<span class=\"_ _0\"></span>ch rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>. Statutor<span class=\"_ _0\"></span>y and non<span class=\"_ _0\"></span>-st<span class=\"_ _0\"></span>atutor<span class=\"_ _0\"></span>y measur<span class=\"_ _0\"></span>es of performance<span class=\"_ _332\"> </span>The co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ain a<span class=\"_ _0\"></span>ll th<span class=\"_ _0\"></span>e informa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ures r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red by th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>egu<span class=\"_ _0\"></span>lato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns tha<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>ply to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup.<span class=\"_ _332\"> </span>In th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>lec<span class=\"_ _2\"></span>ted to provi<span class=\"_ _0\"></span>de so<span class=\"_ _0\"></span>me fur<span class=\"_ _2\"></span>ther dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted a<span class=\"_ _0\"></span>s \u2018b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems\u2019<span class=\"_ _3\"></span>, in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to pres<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s in a w<span class=\"_ _0\"></span>ay tha<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>mons<span class=\"_ _2\"></span>trate<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance of co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>uing op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>tems of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t beli<span class=\"_ _0\"></span>eves sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e face of the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to as<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance a<span class=\"_ _0\"></span>chieve<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tely r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will,<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s, cos<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span> prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x effec<span class=\"_ _2\"></span>t as O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>ems b<span class=\"_ _0\"></span>e rever<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d, dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re of this wo<span class=\"_ _0\"></span>uld a<span class=\"_ _0\"></span>lso be a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e ite<span class=\"_ _0\"></span>ms is in<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed to e<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>nce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt to w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span> resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e influe<span class=\"_ _0\"></span>nced by m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l unus<span class=\"_ _0\"></span>ual a<span class=\"_ _0\"></span>nd/or non<span class=\"_ _0\"></span>-r<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g ite<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>. Fur<span class=\"_ _2\"></span>ther de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ail of O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s is set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t in Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, followin<span class=\"_ _0\"></span>g the g<span class=\"_ _0\"></span>uide<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>s on Al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tive Per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance M<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es (APMs<span class=\"_ _3\"></span>) iss<span class=\"_ _0\"></span>ued by t<span class=\"_ _0\"></span>he Euro<span class=\"_ _0\"></span>pea<span class=\"_ _0\"></span>n Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts Au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (ESM<span class=\"_ _0\"></span>A)<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed an A<span class=\"_ _0\"></span>PM ap<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dix to t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>ges 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>2 to 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>5.<span class=\"_ _332\"> </span>Reven<span class=\"_ _3\"></span>ue recognition poli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th a v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>egre<span class=\"_ _0\"></span>e of comp<span class=\"_ _0\"></span>lex<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>cros<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice li<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>, so a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s are u<span class=\"_ _0\"></span>sed for the r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of rev<span class=\"_ _0\"></span>enue<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>ciple<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t in IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5. Rev<span class=\"_ _0\"></span>enue r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s incom<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of ser<span class=\"_ _2\"></span>vices prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y of per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of w<span class=\"_ _0\"></span>hen co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5 pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>es a sin<span class=\"_ _0\"></span>gle<span class=\"_ _0\"></span>, pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d five<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>tep m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el to be a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to a<span class=\"_ _0\"></span>ll sa<span class=\"_ _0\"></span>les con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low. It is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of contro<span class=\"_ _0\"></span>l of goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d ser<span class=\"_ _2\"></span>vices to cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rep<span class=\"_ _0\"></span>laces t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te mod<span class=\"_ _0\"></span>els for goo<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, ser<span class=\"_ _2\"></span>vices an<span class=\"_ _0\"></span>d cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Step 1 \u2013 Identif<span class=\"_ _0\"></span>y the contract(<span class=\"_ _3\"></span>s) with a customer<span class=\"_ _332\"> </span>For all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es if t<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cre<span class=\"_ _0\"></span>ates e<span class=\"_ _0\"></span>nforceabl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n Fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice A<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (MSA<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) no<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>g the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5 u<span class=\"_ _0\"></span>nles<span class=\"_ _0\"></span>s they s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ify t<span class=\"_ _0\"></span>he min<span class=\"_ _0\"></span>imum<span class=\"_ _0\"></span> qua<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es to be o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Usua<span class=\"_ _0\"></span>lly th<span class=\"_ _0\"></span>e wor<span class=\"_ _0\"></span>k ord<span class=\"_ _0\"></span>er an<span class=\"_ _0\"></span>d any cha<span class=\"_ _0\"></span>nge o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>s tog<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the Fr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k or MS<span class=\"_ _0\"></span>A will con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te the I<span class=\"_ _0\"></span>FRS 1<span class=\"_ _3\"></span>5 cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Duration of contract<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up frequ<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>, au<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>c ann<span class=\"_ _0\"></span>ual re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>als<span class=\"_ _0\"></span>, <span class=\"ls4\"> </span>and<span class=\"_ _0\"></span>/or term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion for conven<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and b<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>k clau<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>at cou<span class=\"_ _0\"></span>ld imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>lied to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t such<span class=\"_ _0\"></span> clau<span class=\"_ _0\"></span>ses have i<span class=\"_ _0\"></span>n dete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>leva<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>m of the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od over w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd reven<span class=\"_ _0\"></span>ue from p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>. In formi<span class=\"_ _0\"></span>ng thi<span class=\"_ _0\"></span>s judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in influe<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>unt p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nce of sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, and t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip, exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>or t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, in under<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>lihoo<span class=\"_ _0\"></span>d of ex<span class=\"_ _2\"></span>tension o<span class=\"_ _0\"></span>r ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gsad\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls20 ws21 gsae\">Contract modifica<span class=\"_ _0\"></span>tions<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaf\">Wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ed for chan<span class=\"_ _0\"></span>ges to cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s chan<span class=\"_ _0\"></span>ge ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d var<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>kes </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb0\">pla<span class=\"_ _0\"></span>ce whe<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>es new e<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rcea<span class=\"_ _0\"></span>ble ri<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>ice or sco<span class=\"_ _0\"></span>pe (<span class=\"_ _3\"></span>or b<span class=\"_ _0\"></span>oth) of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, and t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb1\">mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oved. C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t mo<span class=\"_ _0\"></span>dific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>d in wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ing, by o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, o<span class=\"_ _0\"></span>r impl<span class=\"_ _0\"></span>ied by cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss pr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tices.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb2\">If the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties to t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t have no<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>proved a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t modific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n accord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ter<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>. If a </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb3\">cha<span class=\"_ _0\"></span>nge in sco<span class=\"_ _0\"></span>pe ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oved bu<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e corr<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing cha<span class=\"_ _0\"></span>nge in p<span class=\"_ _0\"></span>rice is s<span class=\"_ _2\"></span>till being n<span class=\"_ _0\"></span>egot<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d, ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e to the to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tion pri<span class=\"_ _0\"></span>ce is es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb4\">Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>als<span class=\"_ _0\"></span>, are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for as a s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t if t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sco<span class=\"_ _0\"></span>pe cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s due to t<span class=\"_ _0\"></span>he ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion of d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb5\">goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices an<span class=\"_ _0\"></span>d the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ice refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne sell<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ice of the d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span>. If th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce of addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb6\">goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices is no<span class=\"_ _0\"></span>t comm<span class=\"_ _0\"></span>ensu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lon<span class=\"_ _0\"></span>e sellin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>ces for thos<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces, t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>his is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb7\">cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d the cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>ion of a ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which is a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e of modi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re new go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices are n<span class=\"_ _0\"></span>ot </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb8\">dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t from t<span class=\"_ _0\"></span>hose i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ed to form pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t of the orig<span class=\"_ _0\"></span>inal co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ny upda<span class=\"_ _0\"></span>te to pr<span class=\"_ _0\"></span>icing r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb9\">cumu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ve ca<span class=\"_ _0\"></span>tch u<span class=\"_ _0\"></span>p to reven<span class=\"_ _0\"></span>ue. T<span class=\"_ _0\"></span>he fac<span class=\"_ _2\"></span>ts and ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces of a<span class=\"_ _0\"></span>ny modi<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d in isol<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c to eac<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d may </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsba\">result in<span class=\"_ _3\"></span> different<span class=\"_ _3\"></span> accounti<span class=\"_ _3\"></span>ng outcomes.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gsbb\">Step 2 \u2013 Identif<span class=\"_ _0\"></span>y the per<span class=\"_ _0\"></span>formance obliga<span class=\"_ _0\"></span>tions in the contract<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsbc\">Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al pro<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>es by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up to tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfer dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices to a cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. Fo<span class=\"_ _0\"></span>r ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ple </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsbd\">comp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to be d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>red to c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s integr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsbe\">tho<span class=\"_ _0\"></span>se pro<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices ar<span class=\"_ _0\"></span>e:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsbf\">i. <span class=\"_ _108\"> </span>d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tinc<span class=\"_ _2\"></span>t and accou<span class=\"_ _0\"></span>nted for a<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>; </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc0\">ii.  comb<span class=\"_ _0\"></span>ined w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>romi<span class=\"_ _0\"></span>sed go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices unt<span class=\"_ _0\"></span>il a bun<span class=\"_ _0\"></span>dle is i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifie<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t is di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tinc<span class=\"_ _2\"></span>t; or </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc1\">iii. <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of a serie<span class=\"_ _0\"></span>s of dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices tha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>lly t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd have t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn of tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsfer over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, i.e<span class=\"_ _0\"></span>. whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er is<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc2\">dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to have sim<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y recei<span class=\"_ _0\"></span>ved a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d the b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces over t<span class=\"_ _0\"></span>he life of the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p tre<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls22 ws77 gsc3\">a singl<span class=\"_ _3\"></span>e per<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>orma<span class=\"_ _0\"></span>nce<span class=\"_ _3\"></span> obligation.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gsc4\">Step 3 \u2013 Determine the transaction pr<span class=\"_ _0\"></span>ice<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc5\">At contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t incepti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt to w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up to be e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd ha<span class=\"_ _0\"></span>s rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws126 gsc6\">und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e fixed pr<span class=\"_ _0\"></span>ice s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t and an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of any v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Variab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>n reven<span class=\"_ _0\"></span>ue c<span class=\"_ _0\"></span>an ar<span class=\"_ _0\"></span>ise from<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc7\">a num<span class=\"_ _0\"></span>ber of fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>tes or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice pen<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion is t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>lue m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od a<span class=\"_ _0\"></span>nd </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc8\">is onl<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>t is hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t a subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge in i<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate wou<span class=\"_ _0\"></span>ld not r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt reve<span class=\"_ _0\"></span>nue re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsc9\">Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cros<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te ind<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by pri<span class=\"_ _0\"></span>cing is a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>c </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsca\">(<span class=\"_ _3\"></span>such a<span class=\"_ _0\"></span>s CPI o<span class=\"_ _0\"></span>r RPI). Varia<span class=\"_ _0\"></span>ble co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to inde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is on<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nce the<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e confir<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gscb\">Step 4 \u2013 Alloca<span class=\"_ _0\"></span>te the transaction pr<span class=\"_ _0\"></span>ice to the per<span class=\"_ _0\"></span>formance obligations in the c<span class=\"_ _0\"></span>ontract<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gscc\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice to th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>eir re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lon<span class=\"_ _0\"></span>e selli<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. This i<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gscd\">pre<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ntly b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n an ob<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>vable p<span class=\"_ _0\"></span>rice o<span class=\"_ _0\"></span>r a cos<span class=\"_ _0\"></span>t plu<span class=\"_ _0\"></span>s mar<span class=\"_ _0\"></span>gin a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. It i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>-alo<span class=\"_ _0\"></span>ne se<span class=\"_ _0\"></span>lling pr<span class=\"_ _0\"></span>ice w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsce\">doe<span class=\"_ _0\"></span>s not s<span class=\"_ _0\"></span>ell eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices in sim<span class=\"_ _0\"></span>ilar c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lone b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one s<span class=\"_ _0\"></span>ellin<span class=\"_ _0\"></span>g price<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gscf\">ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>s the u<span class=\"_ _0\"></span>se of ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s by obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one s<span class=\"_ _0\"></span>elling p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r simil<span class=\"_ _0\"></span>ar go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces usin<span class=\"_ _0\"></span>g an in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ice lis<span class=\"_ _0\"></span>t or<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd0\">cos<span class=\"_ _0\"></span>t ind<span class=\"_ _0\"></span>ices in a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g a cos<span class=\"_ _0\"></span>t-plus re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>gin a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gsd1\">Step 5 \u2013 Recognise revenue when or as the entity s<span class=\"_ _0\"></span>atisfies it<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>formance obligati<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd2\">For ea<span class=\"_ _0\"></span>ch pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nes if r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d over ti<span class=\"_ _0\"></span>me or a<span class=\"_ _0\"></span>t a poi<span class=\"_ _0\"></span>nt in ti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re reve<span class=\"_ _0\"></span>nue is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd3\">over ti<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lies t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t or inp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t reven<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring p<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>ress t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd4\">in tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>trol of t<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd5\">Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d upo<span class=\"_ _0\"></span>n sur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>s of per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d, ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ais<span class=\"_ _0\"></span>als of re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s achi<span class=\"_ _0\"></span>eved<span class=\"_ _0\"></span>, or mile<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ton<span class=\"_ _0\"></span>es rea<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd6\">whi<span class=\"_ _0\"></span>ch allo<span class=\"_ _0\"></span>w the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to recog<span class=\"_ _0\"></span>nise r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis of di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er of th<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd7\">da<span class=\"_ _0\"></span>te rela<span class=\"_ _0\"></span>tive t<span class=\"_ _0\"></span>o the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd8\">Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e inp<span class=\"_ _0\"></span>ut m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>nd reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>t propor<span class=\"_ _2\"></span>tion to cos<span class=\"_ _2\"></span>ts incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of contro<span class=\"_ _0\"></span>l is mos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsd9\">close<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>ligne<span class=\"_ _0\"></span>d to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s effor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsda\">Wh<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p will u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin I<span class=\"_ _0\"></span>FRS 1<span class=\"_ _3\"></span>5, all<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g reven<span class=\"_ _0\"></span>ue to be r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsdb\">Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht to invoi<span class=\"_ _0\"></span>ce, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unt co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ed </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gsdc\">to date<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsdd\">If pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns do no<span class=\"_ _0\"></span>t mee<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>rol of th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsde\">or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he poi<span class=\"_ _0\"></span>nt of phy<span class=\"_ _0\"></span>sic<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nce by a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r or wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsdf\">cont<span class=\"_ _0\"></span>rol of an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vice in a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r-spe<span class=\"_ _0\"></span>cifie<span class=\"_ _0\"></span>d accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nce cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s of goo<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gse0\">cont<span class=\"_ _0\"></span>rol ha<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sed to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span></div>1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span>Long-term complex con<span class=\"_ _3\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _332\"> </span>The Group has a<span class=\"_ _3\"></span> number of<span class=\"_ _3\"></span> long-term c<span class=\"_ _3\"></span>omplex c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which<span class=\"_ _3\"></span> are predominantly<span class=\"_ _3\"></span> integrated f<span class=\"_ _3\"></span>acilities management<span class=\"_ _3\"></span> arra<span class=\"_ _0\"></span>ngements. T<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span>pically<span class=\"_ _15\"></span>, these cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s involve t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of mul<span class=\"_ _0\"></span>tip<span class=\"_ _0\"></span>le ser<span class=\"_ _2\"></span>vice lines<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a singl<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tea<span class=\"_ _0\"></span>m prov<span class=\"_ _0\"></span>idin<span class=\"_ _0\"></span>g an in<span class=\"_ _0\"></span>tegr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce. Su<span class=\"_ _0\"></span>ch cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tend to b<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal in n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer t<span class=\"_ _0\"></span>o ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d impl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ng ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s acro<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e life of the cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin i<span class=\"_ _0\"></span>nteg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts mee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of a se<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of dis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>nd have t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern of t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer ove<span class=\"_ _0\"></span>r time<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>ies con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tes se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>time i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>.g. mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hly or q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rly) and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore the G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the se<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of such s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>s one p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>jor p<span class=\"_ _0\"></span>rojec<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces und<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>ng-te<span class=\"_ _0\"></span>rm com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>x contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts tha<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h reven<span class=\"_ _0\"></span>ue <span class=\"ls4\"> </span>is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>ime a<span class=\"_ _0\"></span>s v<span class=\"_ _0\"></span>alue fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>lly enforcea<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to rem<span class=\"_ _0\"></span>une<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e wor<span class=\"_ _0\"></span>k compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d to da<span class=\"_ _0\"></span>te, a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>erefore reve<span class=\"_ _0\"></span>nue w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer of con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI lifec<span class=\"_ _0\"></span>ycle cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to mai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ties over p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods of up t<span class=\"_ _0\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. A fund is e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blis<span class=\"_ _0\"></span>hed a<span class=\"_ _0\"></span>t the s<span class=\"_ _2\"></span>tar<span class=\"_ _2\"></span>t of <span class=\"ls4\"> </span>the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>raw<span class=\"_ _0\"></span>n dow<span class=\"_ _0\"></span>n by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>s mai<span class=\"_ _0\"></span>nten<span class=\"_ _0\"></span>ance wo<span class=\"_ _0\"></span>rk is p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. For cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>s also e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed to sh<span class=\"_ _0\"></span>are in<span class=\"_ _0\"></span> any sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s lef<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e fund. Reve<span class=\"_ _0\"></span>nue is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d over ti<span class=\"_ _0\"></span>me to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ren<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e ser<span class=\"_ _2\"></span>vice, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of the li<span class=\"_ _0\"></span>kely su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us in th<span class=\"_ _0\"></span>e fund, s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to be<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e not to reve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of sur<span class=\"_ _0\"></span>plus av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te of wea<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>tea<span class=\"_ _0\"></span>r of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is subs<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e the con<span class=\"_ _0\"></span>trol of t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. As s<span class=\"_ _0\"></span>uch, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>eem t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e to be a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t financing<span class=\"_ _3\"></span> component.<span class=\"_ _332\"> </span>Re<span class=\"_ _0\"></span>pea<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s (si<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>e and b<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>led c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of sin<span class=\"_ _0\"></span>gle o<span class=\"_ _0\"></span>r join<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-lin<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>eat s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a seri<span class=\"_ _0\"></span>es of dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame (e.g. the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion of cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng, s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, cate<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span>, wa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd la<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ping s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>). They h<span class=\"_ _0\"></span>ave the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of valu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies cons<span class=\"_ _2\"></span>titu<span class=\"_ _0\"></span>tes cor<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed in d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tim<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>e.g. m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hly o<span class=\"_ _0\"></span>r qua<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>terly). The Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>herefore tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>ries<span class=\"_ _0\"></span> of such se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces a<span class=\"_ _0\"></span>s one p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span>Shor<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>rm serv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based arr<span class=\"_ _0\"></span>angement<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>s a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of othe<span class=\"_ _0\"></span>r sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and p<span class=\"_ _0\"></span>rofessio<span class=\"_ _0\"></span>nal se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces wor<span class=\"_ _0\"></span>k acro<span class=\"_ _0\"></span>ss cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for which r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>int in t<span class=\"_ _0\"></span>ime w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ol of the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice ha<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e at th<span class=\"_ _0\"></span>e poi<span class=\"_ _0\"></span>nt wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ol of the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer-sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>ed acce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, e.g. t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>del o<span class=\"_ _0\"></span>r rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span>Gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> Gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>ved a<span class=\"_ _0\"></span>nd all co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ching to t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt will<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>be com<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>. Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>te the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up for exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s a ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse for wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant is i<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d to comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds ne<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>h the g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s char<span class=\"_ _0\"></span>ged t<span class=\"_ _0\"></span>o the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to reve<span class=\"_ _0\"></span>rse t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e, a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oint w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>on to re<span class=\"_ _0\"></span>pay the a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>nten<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o repay h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n comm<span class=\"_ _0\"></span>unic<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her revenue<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ncome i<span class=\"_ _0\"></span>s accr<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>n a tim<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, by reference to t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>nd at t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>lica<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e, w<span class=\"_ _0\"></span>hich is t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>at exa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y disco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh rece<span class=\"_ _0\"></span>ipt<span class=\"_ _0\"></span>s thr<span class=\"_ _0\"></span>ough t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>ife of the finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s net c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Contract costs<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>e.g. l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) wh<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to ente<span class=\"_ _0\"></span>r into a n<span class=\"_ _0\"></span>ew cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>wi<span class=\"_ _0\"></span>th a cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s if i<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted that t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will be r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at wo<span class=\"_ _0\"></span>uld have bee<span class=\"_ _0\"></span>n incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s of whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Contract fu<span class=\"_ _3\"></span>lfilment costs<span class=\"_ _332\"> </span>Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to ens<span class=\"_ _0\"></span>ure th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te or<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal a<span class=\"_ _0\"></span>nd tec<span class=\"_ _0\"></span>hnic<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nfra<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, and m<span class=\"_ _0\"></span>echa<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ms in pl<span class=\"_ _0\"></span>ace to ena<span class=\"_ _0\"></span>ble t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of full ser<span class=\"_ _2\"></span>vices und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>, are d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfilm<span class=\"_ _0\"></span>ent cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>ly cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ich me<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ll thre<span class=\"_ _0\"></span>e of the cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a belo<span class=\"_ _0\"></span>w are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>i. <span class=\"_ _108\"> </span>t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>te to th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t (<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>.g. dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t la<span class=\"_ _0\"></span>bou<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>, subco<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tors<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span>ii.  the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is buil<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t will s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be us<span class=\"_ _0\"></span>ed to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es; a<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>iii. <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, i<span class=\"_ _0\"></span>.e. t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le af<span class=\"_ _0\"></span>ter a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t fulfil<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s covered w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of an<span class=\"_ _0\"></span>othe<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, such a<span class=\"_ _0\"></span>s inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>r prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, are n<span class=\"_ _0\"></span>ot c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfilm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ut a<span class=\"_ _0\"></span>re tre<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in acco<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>rd<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gsf2\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gsf3\">Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf4\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tises con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfil<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts) on a sys<span class=\"_ _2\"></span>temati<span class=\"_ _0\"></span>c ba<span class=\"_ _0\"></span>sis t<span class=\"_ _0\"></span>hat is co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y\u2019s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf5\">the re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. The e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf6\">A ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t or co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t fulfi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t is d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>hen i<span class=\"_ _0\"></span>t is d<span class=\"_ _0\"></span>ispo<span class=\"_ _0\"></span>sed of o<span class=\"_ _0\"></span>r whe<span class=\"_ _0\"></span>n no fur<span class=\"_ _2\"></span>ther eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf7\">ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to flow from i<span class=\"_ _0\"></span>ts u<span class=\"_ _0\"></span>se.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf8\">Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at ea<span class=\"_ _0\"></span>ch re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting da<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>n imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf9\">any a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t excee<span class=\"_ _0\"></span>ds th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on th<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to recei<span class=\"_ _0\"></span>ve in exch<span class=\"_ _0\"></span>ange for pr<span class=\"_ _0\"></span>ovidi<span class=\"_ _0\"></span>ng the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d good<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span>, les<span class=\"_ _0\"></span>s the r<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfa\">cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>te dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to prov<span class=\"_ _0\"></span>idin<span class=\"_ _0\"></span>g thos<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d ser<span class=\"_ _2\"></span>vices und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. In de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d am<span class=\"_ _0\"></span>ount of co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on,<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfb\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t use<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s to det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>ine t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>ce. An i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly wh<span class=\"_ _0\"></span>ere su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls13 wsb gsfc\">are f<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gsfd\">Accrued incom<span class=\"_ _3\"></span>e and d<span class=\"_ _3\"></span>eferred income<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfe\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts incl<span class=\"_ _0\"></span>ude a di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>dule<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are of<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n agr<span class=\"_ _0\"></span>eed a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>ncep<span class=\"_ _0\"></span>tion of l<span class=\"_ _0\"></span>ong-te<span class=\"_ _0\"></span>rm co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts und<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsff\">it r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>ves pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s thro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for good<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t a poin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e may be a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs100\">in ar<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s or pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent in a<span class=\"_ _0\"></span>dv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs101\">Wh<span class=\"_ _0\"></span>ere reve<span class=\"_ _0\"></span>nue r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end d<span class=\"_ _0\"></span>ate is m<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>han a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s invoice<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ises a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me for the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re reven<span class=\"_ _0\"></span>ue </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs102\">recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>d date i<span class=\"_ _0\"></span>s les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s invo<span class=\"_ _0\"></span>iced, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s deferre<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e for the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs103\">Wh<span class=\"_ _0\"></span>ere pr<span class=\"_ _0\"></span>ice s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>p-<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>ut i<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is deferr<span class=\"_ _0\"></span>ed from in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods to s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs104\">for revenu<span class=\"_ _0\"></span>e to be re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed on a co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>is.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs105\">Prov<span class=\"_ _0\"></span>iding t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion for a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in ex<span class=\"_ _2\"></span>tension p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s or ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces at a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t may le<span class=\"_ _0\"></span>ad to a se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs106\">wh<span class=\"_ _0\"></span>ere a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s par<span class=\"_ _2\"></span>t of the tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tion pr<span class=\"_ _0\"></span>ice from th<span class=\"_ _0\"></span>e orig<span class=\"_ _0\"></span>inal co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t to def<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs107\">is the<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised ove<span class=\"_ _0\"></span>r the di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on rig<span class=\"_ _0\"></span>ht e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls127 ws1b gs108\">Foreign<span class=\"_ _3\"></span> currency<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs109\">The fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of ea<span class=\"_ _0\"></span>ch of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es are p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>hat b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tions in cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10a\">oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an th<span class=\"_ _0\"></span>e func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te of excha<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>eno<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ted in forei<span class=\"_ _0\"></span>gn </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10b\">cur<span class=\"_ _0\"></span>renci<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t the ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>re rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted at th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>tes of exch<span class=\"_ _0\"></span>ange p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ailing a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at da<span class=\"_ _0\"></span>te. E<span class=\"_ _0\"></span>xcha<span class=\"_ _0\"></span>nge d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10c\">mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y items<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms, a<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10d\">Non<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed in te<span class=\"_ _0\"></span>rms of hi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t in a foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>e not re<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>slat<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10e\">On con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>eign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>nd fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g on the<span class=\"_ _0\"></span>ir acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, a<span class=\"_ _0\"></span>re </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10f\">tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d into p<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ds s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ling a<span class=\"_ _0\"></span>t excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s prev<span class=\"_ _0\"></span>aili<span class=\"_ _0\"></span>ng at t<span class=\"_ _0\"></span>he bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. I<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>to po<span class=\"_ _0\"></span>unds s<span class=\"_ _2\"></span>terling a<span class=\"_ _0\"></span>t aver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs110\">excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od. E<span class=\"_ _0\"></span>xcha<span class=\"_ _0\"></span>nge di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tly in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g and t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>. On di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs111\">of a f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d cumu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o tha<span class=\"_ _0\"></span>t par<span class=\"_ _2\"></span>ticula<span class=\"_ _0\"></span>r foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs112\">income<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>tatement.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs113\">Finance<span class=\"_ _3\"></span> cost<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs114\">Fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d in con<span class=\"_ _0\"></span>nec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>g of funds<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs115\">conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e incur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d, wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the fin<span class=\"_ _0\"></span>ance ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ges re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to th<span class=\"_ _0\"></span>e dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t of de<span class=\"_ _0\"></span>bt is<span class=\"_ _0\"></span>sue sp<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs116\">per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o red<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>y ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h flows from i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>id a<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs117\">inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s inves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aid in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls2e ws2f gs118\">Ta<span class=\"_ _2\"></span>xa<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs119\">The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he sum of t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x and d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11a\">The c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>ffer<span class=\"_ _0\"></span>s from accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11b\">s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t bec<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e it e<span class=\"_ _0\"></span>xclud<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>tems of in<span class=\"_ _0\"></span>come o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t are t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tibl<span class=\"_ _0\"></span>e in ot<span class=\"_ _0\"></span>her ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d it fur<span class=\"_ _2\"></span>ther e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s ite<span class=\"_ _0\"></span>ms th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re neve<span class=\"_ _0\"></span>r </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11c\">ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le or d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for curr<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>at have b<span class=\"_ _0\"></span>een e<span class=\"_ _0\"></span>nac<span class=\"_ _2\"></span>ted or sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted by t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs11d\">sheet date.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11e\">Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e or re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e on diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>n the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11f\">s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e corr<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ba<span class=\"_ _0\"></span>ses u<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d is accou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r using t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs120\">Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d for all t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces and d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs121\">prob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>ill be av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differ<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>n be u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed. S<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are no<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs122\">if th<span class=\"_ _0\"></span>e temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce ar<span class=\"_ _0\"></span>ises fro<span class=\"_ _0\"></span>m goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill or from t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _3\"></span>oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an in a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>) of ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>n a </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs123\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>hat affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s nei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>r the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs124\">The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts is r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>wed at e<span class=\"_ _0\"></span>ach b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t suffi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs125\">ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll be ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble to a<span class=\"_ _0\"></span>llow all o<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t to be re<span class=\"_ _0\"></span>covere<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs126\">Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to ap<span class=\"_ _0\"></span>ply in t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>s set<span class=\"_ _2\"></span>tled or th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>tes </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs127\">and l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>r subs<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e. D<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x i<span class=\"_ _0\"></span>s char<span class=\"_ _0\"></span>ged o<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncome<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs128\">s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, exce<span class=\"_ _0\"></span>pt wh<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>ates to i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, in w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x is a<span class=\"_ _0\"></span>lso d<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs129\">Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are off<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>re is a le<span class=\"_ _0\"></span>gal<span class=\"_ _0\"></span>ly enforcea<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to set off cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s; and w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n they<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12a\">rela<span class=\"_ _0\"></span>te to in<span class=\"_ _0\"></span>come t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xes lev<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up inte<span class=\"_ _0\"></span>nds to s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>ts cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies on a n<span class=\"_ _0\"></span>et ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>is.<span class=\"_ _332\"> </span><span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs12c\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls18 ws24 gs12d\">Operating segmen<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12e\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted in a m<span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>er cons<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e inte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d to the C<span class=\"_ _0\"></span>hief O<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing D<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>on Ma<span class=\"_ _0\"></span>ker (C<span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>DM). Th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12f\">CODM<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>o is resp<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ible for all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g reso<span class=\"_ _0\"></span>urces a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs130\">Business combin<span class=\"_ _3\"></span>ations<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs131\">The a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for using t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>te of the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ues<span class=\"_ _0\"></span>, at<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs132\">the d<span class=\"_ _0\"></span>ate of exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e, of a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s give<span class=\"_ _0\"></span>n, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d or a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d, a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup in e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge for contro<span class=\"_ _0\"></span>l of the a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs133\">Acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifia<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies of th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>iree t<span class=\"_ _0\"></span>hat m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for recogn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs134\">are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te, exce<span class=\"_ _0\"></span>pt for non<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>or di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al g<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) tha<span class=\"_ _0\"></span>t are cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for resa<span class=\"_ _0\"></span>le in<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs135\">accord<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IFR<span class=\"_ _0\"></span>S 5 <span class=\"ff8b\">Non<span class=\"_ _0\"></span>-cur<span class=\"_ _0\"></span>rent Assets H<span class=\"_ _0\"></span>eld for Sale and Discontinue<span class=\"_ _0\"></span>d Operatio<span class=\"_ _0\"></span>ns,</span> w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to s<span class=\"_ _0\"></span>ell.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs136\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t and i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ured a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g the e<span class=\"_ _0\"></span>xcess of th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on over t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs137\">Gro<span class=\"_ _0\"></span>up\u2019s intere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e net fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. N<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>tive g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g a gai<span class=\"_ _0\"></span>n from a<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs138\">bar<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>in pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tly in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs139\">The fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of cus<span class=\"_ _2\"></span>tomer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult of a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13a\">ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ips a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted rene<span class=\"_ _0\"></span>wal r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, and a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g an a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c to the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. In d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13b\">the c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t uses j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te reven<span class=\"_ _0\"></span>ue grow<span class=\"_ _2\"></span>th, p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gins<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13c\">rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng, a<span class=\"_ _0\"></span>s wel<span class=\"_ _0\"></span>l as t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ght-lin<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems ove<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>eful econo<span class=\"_ _0\"></span>mic li<span class=\"_ _0\"></span>fe, up to a ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13d\">of 1<span class=\"_ _15\"></span>5 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13e\">Wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n for an acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n inclu<span class=\"_ _0\"></span>des a<span class=\"_ _0\"></span>ny as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g from a cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n arr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13f\">at fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue at t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in suc<span class=\"_ _0\"></span>h fair va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t the cos<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e they re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t from ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs140\">informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar from t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te, a<span class=\"_ _0\"></span>bou<span class=\"_ _0\"></span>t fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. All ot<span class=\"_ _0\"></span>her su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs141\">cha<span class=\"_ _0\"></span>nges in t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, in a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs142\">wi<span class=\"_ _0\"></span>th IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _3\"></span>. Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are n<span class=\"_ _0\"></span>ot reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs143\">Any bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns pr<span class=\"_ _0\"></span>ior to 1 A<span class=\"_ _0\"></span>pril 201<span class=\"_ _15\"></span>0 we<span class=\"_ _0\"></span>re accou<span class=\"_ _0\"></span>nted for usi<span class=\"_ _0\"></span>ng the s<span class=\"_ _2\"></span>tand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s in pla<span class=\"_ _0\"></span>ce pri<span class=\"_ _0\"></span>or to th<span class=\"_ _0\"></span>e ado<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of IFR<span class=\"_ _0\"></span>S 3 (<span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>sed 20<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8) which<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs144\">differ i<span class=\"_ _0\"></span>n the follow<span class=\"_ _0\"></span>ing res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ts: tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble to th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs145\">recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d if, and on<span class=\"_ _0\"></span>ly if, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p had a p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e econ<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ou<span class=\"_ _0\"></span>tfl<span class=\"_ _0\"></span>ow wa<span class=\"_ _0\"></span>s mo<span class=\"_ _0\"></span>re likel<span class=\"_ _0\"></span>y tha<span class=\"_ _0\"></span>n not a<span class=\"_ _0\"></span>nd a re<span class=\"_ _0\"></span>liab<span class=\"_ _0\"></span>le es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te wa<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e; an<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs146\">subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to the co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion we<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs147\">Chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts in s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t resul<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup l<span class=\"_ _0\"></span>osing co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol over t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for a<span class=\"_ _0\"></span>s equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs148\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s interes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>olling i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs149\">in the s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny differe<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt by w<span class=\"_ _0\"></span>hich th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rollin<span class=\"_ _0\"></span>g inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>aid o<span class=\"_ _0\"></span>r<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14a\">recei<span class=\"_ _0\"></span>ved is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly i<span class=\"_ _0\"></span>n equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ted to ow<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any.<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14b\">Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up los<span class=\"_ _0\"></span>es con<span class=\"_ _0\"></span>trol of a su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y, a gain o<span class=\"_ _0\"></span>r loss i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in pro<span class=\"_ _0\"></span>fit o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s and is c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e differe<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n: (i) th<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14c\">of the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of any re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>; and (<span class=\"_ _0\"></span>ii) th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>ious c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14d\">goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill) an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ny non-<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. All a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usly r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in oth<span class=\"_ _0\"></span>er com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>come in r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14e\">tha<span class=\"_ _0\"></span>t subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for a<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>d direc<span class=\"_ _2\"></span>tly disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of the su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y, i.e. re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied to p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s or<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14f\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to ano<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>tego<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>ed/pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le IFR<span class=\"_ _0\"></span>Ss<span class=\"_ _0\"></span>. The fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of any inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e forme<span class=\"_ _0\"></span>r subsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs150\">the d<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>hen co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol is los<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue o<span class=\"_ _0\"></span>n ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion for sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _3\"></span>, wh<span class=\"_ _0\"></span>en ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, of a<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs151\">an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te or a jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs152\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ures t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r acqui<span class=\"_ _0\"></span>red le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s disco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g an ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs153\">ra<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed by IFR<span class=\"_ _0\"></span>S 3 <span class=\"ff8b ls20 ws21\">Business Combinations</span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>red le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>s new l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by recor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set a<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>l to the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gs154\">lea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9d\">Acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s or pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t-linked e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9e\">futu<span class=\"_ _0\"></span>re pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are a<span class=\"_ _0\"></span>ccrue<span class=\"_ _0\"></span>d over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d the s<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to rem<span class=\"_ _0\"></span>ain w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>re acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d for as re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on for pos<span class=\"_ _0\"></span>t-<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs155\">acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>nd reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts n<span class=\"_ _0\"></span>ot lin<span class=\"_ _0\"></span>ked to em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs156\">consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be d<span class=\"_ _0\"></span>eferred co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on at t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r disco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d fair va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he unw<span class=\"_ _0\"></span>ind of th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs157\">recor<span class=\"_ _0\"></span>ded a<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of finance cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls29 ws2a gs158\">Goodwill<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs159\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the cos<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on over t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fiab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s,<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15a\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of a su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15b\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d is subs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>ccumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>t is revi<span class=\"_ _0\"></span>ewed for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15c\">lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>ally. Any impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r and is n<span class=\"_ _0\"></span>ot sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15d\">For th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t tes<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted to ea<span class=\"_ _0\"></span>ch of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s cas<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>CGUs) expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit from t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>yn<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>ies of<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa8\">the co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on. CGU<span class=\"_ _0\"></span>s to whi<span class=\"_ _0\"></span>ch goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d are te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>lly<span class=\"_ _3\"></span>, o<span class=\"_ _0\"></span>r more fre<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa9\">uni<span class=\"_ _0\"></span>t may be i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d. If th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e CGU is les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of the u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t to r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ce the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa\">ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of any go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>n to the o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts of th<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t pro r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ta o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is of the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of eac<span class=\"_ _0\"></span>h as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t in<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsab\">the u<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of a sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs15f\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs160\">Wh<span class=\"_ _0\"></span>en a bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>org<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in cha<span class=\"_ _0\"></span>nges t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of CGUs<span class=\"_ _0\"></span>, goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill is re<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted CGUs<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to a pri<span class=\"_ _0\"></span>or </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs161\">CGU is wh<span class=\"_ _0\"></span>olly r<span class=\"_ _0\"></span>eall<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to an up<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted CGU, wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill w<span class=\"_ _0\"></span>holl<span class=\"_ _0\"></span>y aros<span class=\"_ _0\"></span>e on th<span class=\"_ _0\"></span>e acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e upd<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d CGU. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs162\">Wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>is is no<span class=\"_ _0\"></span>t pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e, a re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive va<span class=\"_ _0\"></span>lue a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oach i<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken to a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>ate g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to upd<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d CGUs.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs163\">Ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs164\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed in a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs165\">Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir us<span class=\"_ _0\"></span>eful lives ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of time ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>ey are a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted to ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs166\">ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>nd tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>ir useful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs167\">Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>d deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t if the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, if it i<span class=\"_ _0\"></span>s prob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>ill </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs168\">gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>f the d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>n be m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed reli<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. S<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e inclu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs169\">inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>lly ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d is am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised over i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s useful li<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e o<span class=\"_ _0\"></span>nce it h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n bro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t into us<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16a\">Upfront co<span class=\"_ _0\"></span>nfigu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tomi<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in i<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s a Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice (Sa<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>S) ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16b\">wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>re rece<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span>. So<span class=\"_ _0\"></span>me of th<span class=\"_ _0\"></span>ese cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e for the deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re code t<span class=\"_ _0\"></span>hat e<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>nces o<span class=\"_ _0\"></span>r mod<span class=\"_ _0\"></span>ifies<span class=\"_ _0\"></span>, or c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>tes ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16c\">ca<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to, exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting o<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>mise s<span class=\"_ _0\"></span>ys<span class=\"_ _2\"></span>tems and m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>tion of, and r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia for<span class=\"_ _6\"></span>, a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16d\">int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e useful life of the sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16e\">Follow<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is i<span class=\"_ _0\"></span>ts cos<span class=\"_ _2\"></span>t less any a<span class=\"_ _0\"></span>ccumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>ny accum<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>ted im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs16f\">Int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>ally, or more fre<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t they m<span class=\"_ _0\"></span>ay be im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ed. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs170\">cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ove<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>eful life as follows:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs171\">Customer c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>elationships<span class=\"_ _1ff\"> </span><span class=\"ls78 ws1d2\">5<span class=\"_ _2\"></span>\u2013<span class=\"_ _0\"></span>15<span class=\"_ _2\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gs172\">Software and dev<span class=\"_ _3\"></span>elopment expenditure<span class=\"_ _200\"> </span><span class=\"ls162 ws181\">3<span class=\"_ _2\"></span>\u201310<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r</span><span class=\"ls162 ws181\"><span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs173\">Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs174\">Prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss accu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ted d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>ny imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ged so a<span class=\"_ _0\"></span>s to w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te off th<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs175\">cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted resid<span class=\"_ _0\"></span>ual v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ove<span class=\"_ _0\"></span>r thei<span class=\"_ _0\"></span>r es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d useful li<span class=\"_ _0\"></span>ves an<span class=\"_ _0\"></span>d is ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ated o<span class=\"_ _0\"></span>n a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>ht-line b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs176\">Land and buildings <span class=\"_ _201\"> </span><span class=\"ls6d ws0\">50 year<span class=\"_ _0\"></span>s or l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm if s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>ter<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs177\">Pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d vehi<span class=\"_ _0\"></span>cles<span class=\"_ _94\"> </span><span class=\"ls162 ws181\">3<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r</span><span class=\"ls162 ws181\"><span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs178\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up rev<span class=\"_ _0\"></span>iews t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of i<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>re is any in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s have su<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>d an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs179\">los<span class=\"_ _0\"></span>s. If a<span class=\"_ _0\"></span>ny such in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent of any im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17a\">as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent from o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>s the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the CGU to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gs17b\">ass<span class=\"_ _0\"></span>et belongs<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17c\">Recover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is th<span class=\"_ _0\"></span>e high<span class=\"_ _0\"></span>er of fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell a<span class=\"_ _0\"></span>nd va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-i<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essi<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>, the es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>d futu<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows a<span class=\"_ _0\"></span>re dis<span class=\"_ _0\"></span>counte<span class=\"_ _0\"></span>d to<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17d\">the<span class=\"_ _0\"></span>ir pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue usi<span class=\"_ _0\"></span>ng a pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue of mo<span class=\"_ _0\"></span>ney an<span class=\"_ _0\"></span>d the r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>fic to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17e\">whi<span class=\"_ _0\"></span>ch the e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s have no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs17f\">If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r CGU) is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>or CGU) is r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ced to<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs180\">it<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs181\">Wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>n imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly reve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>or CGU<span class=\"_ _0\"></span>) is inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to the r<span class=\"_ _0\"></span>evise<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e of it<span class=\"_ _0\"></span>s recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs182\">am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>o tha<span class=\"_ _0\"></span>t the in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not e<span class=\"_ _0\"></span>xceed th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt t<span class=\"_ _0\"></span>hat wo<span class=\"_ _0\"></span>uld have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ined h<span class=\"_ _0\"></span>ad no i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent l<span class=\"_ _0\"></span>oss <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs183\">bee<span class=\"_ _0\"></span>n reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r CGU) in pr<span class=\"_ _0\"></span>ior ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. A rever<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent l<span class=\"_ _0\"></span>oss is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>come i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tely.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls5c ws5c gs184\">Inv<span class=\"_ _3\"></span>entories<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs185\">Inven<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ated a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e lower of cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>t rea<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue a<span class=\"_ _0\"></span>nd are m<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ly cons<span class=\"_ _0\"></span>uma<span class=\"_ _0\"></span>bles i<span class=\"_ _0\"></span>n nat<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs186\">Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls, d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>our a<span class=\"_ _0\"></span>nd over<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ads in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in b<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e inven<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs187\">Ne<span class=\"_ _0\"></span>t rea<span class=\"_ _0\"></span>lisa<span class=\"_ _0\"></span>ble v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>lling p<span class=\"_ _0\"></span>rice le<span class=\"_ _0\"></span>ss fur<span class=\"_ _2\"></span>ther cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>lling cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs188\">mad<span class=\"_ _0\"></span>e for obsol<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>, slow m<span class=\"_ _0\"></span>oving o<span class=\"_ _0\"></span>r defec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ite<span class=\"_ _0\"></span>ms w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs189\">Financial<span class=\"_ _3\"></span> instruments \u2013 classification an<span class=\"_ _3\"></span>d measurem<span class=\"_ _3\"></span>ent<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs18a\">Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup b<span class=\"_ _0\"></span>ecom<span class=\"_ _0\"></span>es a pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs18b\">ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferr<span class=\"_ _0\"></span>ed, d<span class=\"_ _0\"></span>ischa<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed or e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs18c\">Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, tr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles fro<span class=\"_ _0\"></span>m cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs18d\">consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le. T<span class=\"_ _0\"></span>he cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s is ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el in w<span class=\"_ _0\"></span>hich a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ged a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs18e\">contractual cash flow c<span class=\"_ _3\"></span>har<span class=\"_ _0\"></span>acteris<span class=\"_ _0\"></span>tics.<span class=\"_ _332\"> </span></div><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs190\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12f\">Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh in ha<span class=\"_ _0\"></span>nd, d<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>and d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m hig<span class=\"_ _0\"></span>hly li<span class=\"_ _0\"></span>quid i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re rea<span class=\"_ _0\"></span>dily co<span class=\"_ _0\"></span>nver<span class=\"_ _2\"></span>tible to a k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs191\">am<span class=\"_ _0\"></span>ount of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>e subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to a<span class=\"_ _0\"></span>n insig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k of chan<span class=\"_ _0\"></span>ges in v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e. C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>ccess is co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed is cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h. B<span class=\"_ _0\"></span>ank t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs192\">are r<span class=\"_ _0\"></span>ecord<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>heir s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. All of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s ca<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s from cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re sol<span class=\"_ _0\"></span>ely p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>nd do no<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n a </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs193\">sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t finan<span class=\"_ _0\"></span>cing co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t. Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d from all of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s revenu<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>ams a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>erefore ini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ally m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs194\">pri<span class=\"_ _0\"></span>ce and a<span class=\"_ _0\"></span>re sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs134\">Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, fina<span class=\"_ _0\"></span>ncing l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on at<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs135\">fair v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>nd su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t, wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e except<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch is me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs195\">Fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the n<span class=\"_ _0\"></span>et pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>ter d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>nce cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>emiu<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le on </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs196\">set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt or r<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span>sue cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for on an a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>als b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs138\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p are re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cee<span class=\"_ _0\"></span>ds rece<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span>, ne<span class=\"_ _0\"></span>t of dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t iss<span class=\"_ _0\"></span>ue cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls23 ws5f gs139\">Invoice<span class=\"_ _3\"></span> discounting<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13a\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up use<span class=\"_ _0\"></span>d a non<span class=\"_ _0\"></span>-r<span class=\"_ _0\"></span>ecour<span class=\"_ _0\"></span>se cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er invoi<span class=\"_ _0\"></span>ce discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (<span class=\"_ _3\"></span>CI<span class=\"_ _0\"></span>D facili<span class=\"_ _0\"></span>ty) und<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nces wer<span class=\"_ _0\"></span>e sold t<span class=\"_ _0\"></span>o the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13b\">rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p ban<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s such t<span class=\"_ _0\"></span>hat c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p and t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>he colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13c\">am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les we<span class=\"_ _0\"></span>re sol<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut r<span class=\"_ _0\"></span>ecou<span class=\"_ _0\"></span>rse to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p, and t<span class=\"_ _0\"></span>herefore th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce wa<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed from </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13d\">the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>e to the b<span class=\"_ _0\"></span>ank<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s close<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023 and a<span class=\"_ _0\"></span>ll am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n set<span class=\"_ _2\"></span>tled.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs13e\">Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s \u2013 i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>f fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13f\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce for expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s (ECL<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) on al<span class=\"_ _0\"></span>l recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t usin<span class=\"_ _0\"></span>g the </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs140\">simp<span class=\"_ _0\"></span>lifie<span class=\"_ _0\"></span>d ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es a lo<span class=\"_ _0\"></span>ss all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nce ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. ECL<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs141\">ba<span class=\"_ _0\"></span>sis of his<span class=\"_ _2\"></span>toric<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t loss e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>, adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd-<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ing fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat i<span class=\"_ _0\"></span>ncor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e macr<span class=\"_ _0\"></span>oeco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, for exa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs142\">ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, a<span class=\"_ _0\"></span>nd ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>n ris<span class=\"_ _0\"></span>k cha<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, such a<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe (<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>.g. gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>). </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs143\">For ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, ECL<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ari<span class=\"_ _0\"></span>se in th<span class=\"_ _0\"></span>e 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nths s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws126 gs197\">For c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ant<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te any fu<span class=\"_ _0\"></span>ture cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses g<span class=\"_ _0\"></span>iven t<span class=\"_ _0\"></span>he hig<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cred<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs198\">wi<span class=\"_ _0\"></span>th w<span class=\"_ _0\"></span>hich b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>re hel<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs199\">Der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19a\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up use<span class=\"_ _0\"></span>s der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te sw<span class=\"_ _0\"></span>aps a<span class=\"_ _0\"></span>nd for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard foreig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, to man<span class=\"_ _0\"></span>age t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19b\">Gro<span class=\"_ _0\"></span>up\u2019s expo<span class=\"_ _0\"></span>sure to fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge. D<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19c\">at th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te the d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t is enter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to and a<span class=\"_ _0\"></span>re sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e, de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, at ea<span class=\"_ _0\"></span>ch </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19d\">bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te and i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing g<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r loss i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14b\">imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y unle<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive is d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>s a hed<span class=\"_ _0\"></span>ging i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in wh<span class=\"_ _0\"></span>ich eve<span class=\"_ _0\"></span>nt the t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14c\">incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19e\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y if t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ma<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is mor<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19f\">tha<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>t is no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to be rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d or se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are se<span class=\"_ _0\"></span>t to ma<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>r are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a0\">set<span class=\"_ _2\"></span>tled wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs151\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up may de<span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nate ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ging in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves a<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alue h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hedg<span class=\"_ _0\"></span>es or h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s of net i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in foreig<span class=\"_ _0\"></span>n </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a1\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns. H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges of foreig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge ri<span class=\"_ _0\"></span>sk on fir<span class=\"_ _0\"></span>m com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. On ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ion of IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a2\">cont<span class=\"_ _0\"></span>inue to a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ting g<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>ance in I<span class=\"_ _0\"></span>AS 39 <span class=\"ff8b\">Financial Instr<span class=\"_ _0\"></span>uments: Recogni<span class=\"_ _0\"></span>tion and Measurement</span><span class=\"ls4\">.<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs154\">At the in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p docu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m, al<span class=\"_ _0\"></span>ong w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>isk </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a3\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>teg<span class=\"_ _2\"></span>y f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us hed<span class=\"_ _0\"></span>ge tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tions<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>re, a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e incep<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>nd on a<span class=\"_ _0\"></span>n ongo<span class=\"_ _0\"></span>ing ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s,<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a4\">the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at is us<span class=\"_ _0\"></span>ed in a h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip is hig<span class=\"_ _0\"></span>hly effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>n offse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g chan<span class=\"_ _0\"></span>ges in fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lues o<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a5\">flows of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs156\">Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a6\">Hed<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>re cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey hed<span class=\"_ _0\"></span>ge the e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to chan<span class=\"_ _0\"></span>ges in c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to a pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ticular r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa1\">ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or a forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tion. T<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive por<span class=\"_ _2\"></span>tion of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue of d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd qua<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a7\">as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in ot<span class=\"_ _0\"></span>her com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive in<span class=\"_ _0\"></span>come a<span class=\"_ _0\"></span>nd acc<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s tra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a8\">or los<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g to any in<span class=\"_ _0\"></span>effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tely i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a9\">Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ccumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re recl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncome s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1aa\">per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tem i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me lin<span class=\"_ _0\"></span>e as t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em. H<span class=\"_ _0\"></span>owever<span class=\"_ _3\"></span>, whe<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ab\">foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t is he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a non<span class=\"_ _0\"></span>-fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or a no<span class=\"_ _0\"></span>n-fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usly a<span class=\"_ _0\"></span>ccumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d in </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15d\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d from eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or no<span class=\"_ _0\"></span>n-fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. H<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa8\">is dis<span class=\"_ _0\"></span>conti<span class=\"_ _0\"></span>nued w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p revoke<span class=\"_ _0\"></span>s the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pires o<span class=\"_ _0\"></span>r is sol<span class=\"_ _0\"></span>d, te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d, e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, or n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger qu<span class=\"_ _0\"></span>alifi<span class=\"_ _0\"></span>es </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa9\">for hedge a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting. A<span class=\"_ _0\"></span>ny gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e at th<span class=\"_ _0\"></span>at ti<span class=\"_ _0\"></span>me is acc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion is u<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tely re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is no l<span class=\"_ _0\"></span>onge<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to occur<span class=\"_ _15\"></span>, t<span class=\"_ _0\"></span>he ga<span class=\"_ _0\"></span>in or l<span class=\"_ _0\"></span>oss </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsab\">accum<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>ted in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span></div>1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span>Hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s of net i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n for<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>gn o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span>Hed<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>re cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as n<span class=\"_ _0\"></span>et inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>n they h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e the foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osure t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s shar<span class=\"_ _0\"></span>e in the n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s of a foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Hed<span class=\"_ _0\"></span>ges of ne<span class=\"_ _0\"></span>t inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ccounte<span class=\"_ _0\"></span>d for simila<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y to ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>. Any g<span class=\"_ _0\"></span>ain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting to t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve incom<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d accum<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s tra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and<span class=\"_ _0\"></span> hed<span class=\"_ _0\"></span>ging r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve. The g<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o any ineffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve por<span class=\"_ _2\"></span>tion is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Ga<span class=\"_ _0\"></span>ins or lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on <span class=\"ls4\"> </span>the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge accu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ted in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are r<span class=\"_ _0\"></span>ecla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d to the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>ay as e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge differ<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ting to t<span class=\"_ _0\"></span>he foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _332\"> </span>Leases The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ous le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ties (<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>.g. office buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>age faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _3\"></span>), vehic<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing IT e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and m<span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>y. At incept<span class=\"_ _0\"></span>ion of a le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>ses w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nveys th<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht to con<span class=\"_ _0\"></span>trol t<span class=\"_ _0\"></span>he use of a<span class=\"_ _0\"></span>n ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set for a cer<span class=\"_ _2\"></span>tain p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of tim<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t obt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ins sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y all th<span class=\"_ _0\"></span>e econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he use of t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, in exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ding r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o all le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch it i<span class=\"_ _0\"></span>s a les<span class=\"_ _0\"></span>see<span class=\"_ _0\"></span>, except l<span class=\"_ _0\"></span>ow-va<span class=\"_ _0\"></span>lue l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>and s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es of 1<span class=\"_ _15\"></span>2 m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs or le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>ch are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s they<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>are incurred<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>A rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lised o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es the p<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of futu<span class=\"_ _0\"></span>re lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>the in<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>t or b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ncem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t date<span class=\"_ _0\"></span>, pl<span class=\"_ _0\"></span>us any ini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed in ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to an es<span class=\"_ _2\"></span>timate of cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to re<span class=\"_ _0\"></span>move or r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere a l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in<span class=\"_ _0\"></span>centi<span class=\"_ _0\"></span>ve is re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is offse<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ains<span class=\"_ _2\"></span>t the righ<span class=\"_ _0\"></span>t-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et <span class=\"ls4\"> </span>at in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on. R<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e dep<span class=\"_ _0\"></span>recia<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>ht-line m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod ove<span class=\"_ _0\"></span>r the s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>ter of the es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>d life of the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>erm a<span class=\"_ _0\"></span>nd <span class=\"ls4\"> </span>are r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>ed for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to accoun<span class=\"_ _0\"></span>t for any loss w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n even<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue m<span class=\"_ _0\"></span>ay not be full<span class=\"_ _0\"></span>y recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. The l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _0\"></span>t us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te met<span class=\"_ _0\"></span>hod t<span class=\"_ _0\"></span>o ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>te the p<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of futur<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd is sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed by le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate is b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>mpli<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, wh<span class=\"_ _0\"></span>ere no<span class=\"_ _0\"></span>t ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le, t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowi<span class=\"_ _0\"></span>ng ra<span class=\"_ _0\"></span>te. Le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e are a<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n a ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re dis<span class=\"_ _0\"></span>close<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing a<span class=\"_ _0\"></span>nd op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly. Leas<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise fixe<span class=\"_ _0\"></span>d lea<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on<span class=\"_ _0\"></span>ly<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xceptio<span class=\"_ _0\"></span>n of pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses for wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d fixed se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce char<span class=\"_ _0\"></span>ge is a<span class=\"_ _0\"></span>lso inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Lea<span class=\"_ _0\"></span>se li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt on t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>The l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ises t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ncell<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod i<span class=\"_ _0\"></span>n add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the e<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rceab<span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ich is cover<span class=\"_ _0\"></span>ed by an o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to ex<span class=\"_ _2\"></span>tend the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>t is rea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n will b<span class=\"_ _0\"></span>e exerci<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d covere<span class=\"_ _0\"></span>d by the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e to a poin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e wh<span class=\"_ _0\"></span>ere no m<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>han a<span class=\"_ _0\"></span>n \u2018ins<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019 is inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>n insig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rence to t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r econo<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>s of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>ny inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in non<span class=\"_ _0\"></span>-tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfera<span class=\"_ _0\"></span>ble l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>hold i<span class=\"_ _0\"></span>mprove<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch may res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t in an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge sho<span class=\"_ _0\"></span>uld th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d. A mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to a le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>ich cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s the le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>e.g. d<span class=\"_ _0\"></span>ue to a re<span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t ren<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ew) or amen<span class=\"_ _0\"></span>ds th<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>m of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s in a re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to the r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities<span class=\"_ _332\"> </span> Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de for cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific cos<span class=\"_ _2\"></span>ts, o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, leg<span class=\"_ _0\"></span>al cla<span class=\"_ _0\"></span>ims<span class=\"_ _0\"></span>, oth<span class=\"_ _0\"></span>er pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d comm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> dila<span class=\"_ _0\"></span>pid<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n rela<span class=\"_ _0\"></span>ted pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>hich p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly rel<span class=\"_ _0\"></span>ate to S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s a pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion (<span class=\"_ _0\"></span>leg<span class=\"_ _0\"></span>al or co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult of a p<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>t event an<span class=\"_ _0\"></span>d it is p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t an o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>of reso<span class=\"_ _0\"></span>urces e<span class=\"_ _0\"></span>mbo<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>cono<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to set<span class=\"_ _2\"></span>tle the ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d a relia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e of the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s som<span class=\"_ _0\"></span>e or a<span class=\"_ _0\"></span>ll of a provi<span class=\"_ _0\"></span>sion to b<span class=\"_ _0\"></span>e rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d, for ex<span class=\"_ _0\"></span>amp<span class=\"_ _0\"></span>le un<span class=\"_ _0\"></span>der a<span class=\"_ _0\"></span>n insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the re<span class=\"_ _0\"></span>imb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>as a s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et bu<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is v<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>tually cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to any p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion is p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me<span class=\"_ _332\"> </span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t net of a<span class=\"_ _0\"></span>ny reim<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. If t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>t of the time v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey is ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial, p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows a<span class=\"_ _0\"></span>t a pre<span class=\"_ _0\"></span>-ta<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te tha<span class=\"_ _0\"></span>t refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue of mo<span class=\"_ _0\"></span>ney a<span class=\"_ _0\"></span>nd, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>he ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ecific t<span class=\"_ _0\"></span>o the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> Wh<span class=\"_ _0\"></span>ere di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ting is u<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, the i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision d<span class=\"_ _0\"></span>ue to t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of time is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce cos<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c cos<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ts to incu<span class=\"_ _0\"></span>r futu<span class=\"_ _0\"></span>re rem<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to me<span class=\"_ _0\"></span>et cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs\u2019<span class=\"_ _332\"> </span> cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l ter<span class=\"_ _0\"></span>ms. C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>sing e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he wor<span class=\"_ _0\"></span>k of ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l consul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l ex<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t\u2019s bes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd is in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n and co<span class=\"_ _0\"></span>uld cha<span class=\"_ _0\"></span>nge m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e provi<span class=\"_ _0\"></span>sion i<span class=\"_ _0\"></span>s revi<span class=\"_ _0\"></span>ewed a<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t on a b<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l ba<span class=\"_ _0\"></span>sis for<span class=\"_ _332\"> </span> cha<span class=\"_ _0\"></span>nges in co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Any ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a cha<span class=\"_ _0\"></span>rge or a r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e to the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hen i<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve rel<span class=\"_ _0\"></span>ates t<span class=\"_ _0\"></span>o emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s\u2019 and mo<span class=\"_ _0\"></span>tor a<span class=\"_ _0\"></span>nd fle<span class=\"_ _0\"></span>et lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s s<span class=\"_ _0\"></span>elf-insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span> inclu<span class=\"_ _0\"></span>des t<span class=\"_ _0\"></span>he full es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, gr<span class=\"_ _0\"></span>oss of a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to be r<span class=\"_ _0\"></span>ecovere<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s insurer<span class=\"_ _3\"></span>. Any re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce rei<span class=\"_ _0\"></span>mbur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t is vir<span class=\"_ _2\"></span>tuall<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain to b<span class=\"_ _0\"></span>e rece<span class=\"_ _0\"></span>ived i<span class=\"_ _0\"></span>s sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted g<span class=\"_ _0\"></span>ross w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es on t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>No pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y a discl<span class=\"_ _0\"></span>osure i<span class=\"_ _0\"></span>n the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is ma<span class=\"_ _0\"></span>de for contin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span> dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>ome u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n futur<span class=\"_ _0\"></span>e event o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ere a p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t an ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flow of re<span class=\"_ _0\"></span>sour<span class=\"_ _0\"></span>ces is not p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, or t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>t be me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs1c0\">1<span class=\"_ _15\"></span>. B<span class=\"_ _0\"></span>asis of prepar<span class=\"_ _0\"></span>ation an<span class=\"_ _3\"></span>d significant account<span class=\"_ _3\"></span>ing policies cont<span class=\"_ _3\"></span>inued<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls32 ws60 gs131\">Onerous contrac<span class=\"_ _0\"></span>ts </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs132\">On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns (<span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>CPs<span class=\"_ _3\"></span>) ar<span class=\"_ _0\"></span>ise w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he unavo<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ble cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns excee<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs133\">recei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>. The u<span class=\"_ _0\"></span>navoid<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>t net cos<span class=\"_ _0\"></span>t of ex<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is lower of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of fulfilli<span class=\"_ _0\"></span>ng a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs134\">and a<span class=\"_ _0\"></span>ny comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion or p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing from fail<span class=\"_ _0\"></span>ure to fulfil i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of fulfilling a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises b<span class=\"_ _0\"></span>oth i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d an al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs135\">oth<span class=\"_ _0\"></span>er dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs136\">Wh<span class=\"_ _0\"></span>ere a cus<span class=\"_ _2\"></span>tomer ha<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion to ex<span class=\"_ _2\"></span>tend a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t is likel<span class=\"_ _0\"></span>y tha<span class=\"_ _0\"></span>t suc<span class=\"_ _0\"></span>h an ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>n will b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted net cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs137\">ex<span class=\"_ _2\"></span>tension p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Howe<span class=\"_ _0\"></span>ver<span class=\"_ _15\"></span>, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e a profi<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>n be re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted in the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>, no cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t is t<span class=\"_ _0\"></span>aken o<span class=\"_ _0\"></span>n <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs138\">the b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is tha<span class=\"_ _0\"></span>t suc<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tain g<span class=\"_ _0\"></span>iven t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tial for th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er to e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>ot ex<span class=\"_ _2\"></span>tend or offe<span class=\"_ _0\"></span>r an ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er lowe<span class=\"_ _0\"></span>r pri<span class=\"_ _0\"></span>cing te<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls30 ws26 gs139\">Cont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngent a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13a\">No a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and o<span class=\"_ _0\"></span>nly a di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ure in t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re an infl<span class=\"_ _0\"></span>ow of econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s is p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13b\">bu<span class=\"_ _0\"></span>t not v<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>tually ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ari<span class=\"_ _0\"></span>se from pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d who<span class=\"_ _0\"></span>se ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ce will b<span class=\"_ _0\"></span>e confir<span class=\"_ _0\"></span>med o<span class=\"_ _0\"></span>nly by t<span class=\"_ _0\"></span>he occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nce or </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13c\">non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>occur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of one or m<span class=\"_ _0\"></span>ore u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n futur<span class=\"_ _0\"></span>e event<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>olly w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>rol of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls4 ws5c gs1c1\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based payment<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13e\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of exec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ive an<span class=\"_ _0\"></span>d em<span class=\"_ _0\"></span>ployee s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es. Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span>-set<span class=\"_ _2\"></span>tled sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to em<span class=\"_ _0\"></span>ployee<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs13f\">the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>r gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s of sh<span class=\"_ _0\"></span>are </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs140\">opt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd aw<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ck-Schole<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el o<span class=\"_ _0\"></span>r the sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>rice a<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs141\">ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ove<span class=\"_ _0\"></span>r the ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t will eve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>ally ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. At e<span class=\"_ _0\"></span>ach b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs142\">she<span class=\"_ _0\"></span>et da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p revis<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of th<span class=\"_ _0\"></span>e num<span class=\"_ _0\"></span>ber of e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ves<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sed ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c2\">condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Save A<span class=\"_ _0\"></span>s Y<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>u Ear<span class=\"_ _0\"></span>n (SA<span class=\"_ _15\"></span>YE<span class=\"_ _0\"></span>) opti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re tre<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>ncelle<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es cea<span class=\"_ _0\"></span>se to co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te to t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing in a<span class=\"_ _0\"></span>n accel<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c3\">of the re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>inde<span class=\"_ _0\"></span>r of the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs145\">The ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inclu<span class=\"_ _0\"></span>des t<span class=\"_ _0\"></span>he sha<span class=\"_ _0\"></span>res ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by the Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd tre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n sha<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs146\">emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s upo<span class=\"_ _0\"></span>n exercis<span class=\"_ _0\"></span>e of opti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd awa<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e own sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve is re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d by the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t or v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls127 ws1b gs1c4\">Retiremen<span class=\"_ _3\"></span>t benefit<span class=\"_ _3\"></span> costs<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c5\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r all qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c6\">and s<span class=\"_ _2\"></span>takeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s are ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice is pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ed.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c7\">In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tes in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. In res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the sche<span class=\"_ _0\"></span>mes i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>kes </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14b\">cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Admi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tus to cli<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2019 defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of cer<span class=\"_ _2\"></span>tain e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees w<span class=\"_ _0\"></span>ho tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsferr<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14c\">T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of Unde<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (Pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of Emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) Reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s 200<span class=\"_ _0\"></span>6 (<span class=\"_ _0\"></span>TU<span class=\"_ _0\"></span>PE), th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s leg<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs14d\">per<span class=\"_ _0\"></span>iod of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch is for a fixed pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs19f\">For th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of prov<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the pr<span class=\"_ _0\"></span>ojec<span class=\"_ _2\"></span>ted uni<span class=\"_ _0\"></span>t cred<span class=\"_ _0\"></span>it m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a0\">bei<span class=\"_ _0\"></span>ng ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t at ea<span class=\"_ _0\"></span>ch ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te by qua<span class=\"_ _0\"></span>lifie<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial g<span class=\"_ _0\"></span>ains a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>turn o<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>exclu<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c8\">inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t) and th<span class=\"_ _0\"></span>e effec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g (if a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of comp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve incom<span class=\"_ _0\"></span>e in <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1c9\">the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey occ<span class=\"_ _0\"></span>ur<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a2\">Defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _2\"></span>tail<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts) are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in ad<span class=\"_ _0\"></span>minis<span class=\"_ _2\"></span>trat<span class=\"_ _0\"></span>ive ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hile th<span class=\"_ _0\"></span>e net<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9b\">inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a3\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s net liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y for each sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e by es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of fu<span class=\"_ _0\"></span>ture b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a4\">emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s have ea<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unt u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t yie<span class=\"_ _0\"></span>ld on a hi<span class=\"_ _0\"></span>gh-<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1a5\">the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of any s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>s in a p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t for the G<span class=\"_ _0\"></span>roup, th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9f\">econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble i<span class=\"_ _0\"></span>n the form of a<span class=\"_ _0\"></span>ny futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s the u<span class=\"_ _0\"></span>ncond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l rig<span class=\"_ _0\"></span>ht to th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus o<span class=\"_ _0\"></span>r red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa0\">in fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>re adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x, w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa1\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tes in four m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. For t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s share of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa2\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>s minim<span class=\"_ _0\"></span>al. T<span class=\"_ _0\"></span>he four<span class=\"_ _2\"></span>th sche<span class=\"_ _0\"></span>me is th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>g &amp; Mech<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Ser<span class=\"_ _2\"></span>vices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>), a funded m<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ti-<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa3\">emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>as foun<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>975 and to da<span class=\"_ _0\"></span>te ha<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d over 4,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa4\">ha<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ued S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>ices in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e FM Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15b\">(<span class=\"_ _3\"></span>refer to Note<span class=\"_ _0\"></span>s 2<span class=\"_ _15\"></span>1 a<span class=\"_ _0\"></span>nd 32<span class=\"_ _15\"></span>). A<span class=\"_ _0\"></span>noth<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p compa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>, Mi<span class=\"_ _0\"></span>tie P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>g Sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs15c\">Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s as i<span class=\"_ _0\"></span>f they we<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>id to a de<span class=\"_ _0\"></span>fined co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. For s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>here s<span class=\"_ _0\"></span>uffici<span class=\"_ _0\"></span>ent infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion is n<span class=\"_ _0\"></span>ot ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le to <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ca\">use d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, no li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, however<span class=\"_ _3\"></span>, the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1cb\">in No<span class=\"_ _0\"></span>te 3<span class=\"_ _3\"></span>3.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls7c ws72 gsa9\">Div<span class=\"_ _0\"></span>idend<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa\">Inte<span class=\"_ _0\"></span>rim d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey are p<span class=\"_ _0\"></span>aid a<span class=\"_ _0\"></span>nd fin<span class=\"_ _0\"></span>al di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hen a<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in a gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng by sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsab\">Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end in<span class=\"_ _0\"></span>come<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g from join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n receip<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span></div>2<span class=\"_ _0\"></span>. Critical accountin<span class=\"_ _3\"></span>g judgements and ke<span class=\"_ _3\"></span>y sourc<span class=\"_ _3\"></span>es of es<span class=\"_ _0\"></span>timation un<span class=\"_ _3\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S req<span class=\"_ _0\"></span>uires m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to make j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>hat affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised for a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t the re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. <span class=\"ls4\"> </span>Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s may d<span class=\"_ _0\"></span>iffer from t<span class=\"_ _0\"></span>hese j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Critica<span class=\"_ _0\"></span>l judgements in apply<span class=\"_ _0\"></span>ing the Group\u2019<span class=\"_ _15\"></span>s accounting policies<span class=\"_ _332\"> </span>The follow<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>re the c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>de by ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cess of a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave the m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t effect on the<span class=\"_ _3\"></span> amounts recognised<span class=\"_ _3\"></span> in the Group<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s financial<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tements.<span class=\"_ _332\"> </span>Revenue recog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s revenue re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t un<span class=\"_ _0\"></span>der Reve<span class=\"_ _0\"></span>nue r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion in N<span class=\"_ _0\"></span>ote 1, are cent<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l to how th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s the wo<span class=\"_ _0\"></span>rk i<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med in e<span class=\"_ _0\"></span>ach fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Du<span class=\"_ _0\"></span>e to the si<span class=\"_ _0\"></span>ze and co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to form a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of key judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o record<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d rela<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms such a<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, accr<span class=\"_ _0\"></span>ued i<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e. <span class=\"ls4\"> </span>Thi<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>des a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs to d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l commi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>uch cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d or c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re inhe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve and m<span class=\"_ _0\"></span>ay cover fut<span class=\"_ _0\"></span>ure eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s the a<span class=\"_ _0\"></span>chieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d pla<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s or dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. So<span class=\"_ _0\"></span>me of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g PFI cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s the ex<span class=\"_ _2\"></span>tent to w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. Fo<span class=\"_ _0\"></span>r cer<span class=\"_ _2\"></span>tain con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, key judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e on wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t is cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red hi<span class=\"_ _0\"></span>ghl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t a sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t rever<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of reve<span class=\"_ _0\"></span>nue w<span class=\"_ _0\"></span>ill not<span class=\"_ _0\"></span> occur w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y reso<span class=\"_ _0\"></span>lved<span class=\"_ _0\"></span>. Profit before Ot<span class=\"_ _0\"></span>her items O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>tems of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t beli<span class=\"_ _0\"></span>eves sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e face of the in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t in und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce achie<span class=\"_ _0\"></span>ved by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. D<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>tem sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>s jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s to w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>tem is o<span class=\"_ _0\"></span>r is not p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>. Ref<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r to Note 1, which d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ite<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x of \u00a3<span class=\"_ _0\"></span>36.9m were cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed (2022: \u00a3<span class=\"_ _0\"></span>79<span class=\"_ _3\"></span>.8<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) to th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt for the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023. In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin the n<span class=\"_ _0\"></span>et cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e were ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>es in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the i<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e digi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er pla<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rm of \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>8m w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span>, in ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt\u2019s jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, is a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>ing a s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>p cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s suppli<span class=\"_ _0\"></span>er cha<span class=\"_ _0\"></span>in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>refore mee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to be c<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gor<span class=\"_ _0\"></span>ised<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>as O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. A com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>te an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>sis of th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms is de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d in No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span>Recove<span class=\"_ _3\"></span>rabilit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> trade receivables<span class=\"_ _3\"></span> and accrued<span class=\"_ _3\"></span> income<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of bille<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unbil<span class=\"_ _0\"></span>led wo<span class=\"_ _0\"></span>rk ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023. Rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t (be<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alue) and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>ny allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _3\"></span>or i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, to e<span class=\"_ _0\"></span>nsure t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce for expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s (ECL<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) on al<span class=\"_ _0\"></span>l recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs u<span class=\"_ _0\"></span>sing a li<span class=\"_ _0\"></span>fetime cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch an<span class=\"_ _0\"></span>d inclu<span class=\"_ _0\"></span>des s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ific all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nce for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ere is ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nce th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>le to colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>ue from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>es jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n spe<span class=\"_ _0\"></span>cific a<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>or i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the i<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch inclu<span class=\"_ _0\"></span>des i<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _3\"></span>6 \u2013 D<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m of co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>enewa<span class=\"_ _0\"></span>l and t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncella<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e, to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h any pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds cover<span class=\"_ _0\"></span>ed by an o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to ex<span class=\"_ _2\"></span>tend th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>f it is<span class=\"_ _0\"></span> rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in to be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, or a<span class=\"_ _0\"></span>ny per<span class=\"_ _0\"></span>iod cove<span class=\"_ _0\"></span>red by a<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion to te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>te the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se if i<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain n<span class=\"_ _0\"></span>ot to be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s seve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l lea<span class=\"_ _0\"></span>se co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts tha<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>plies j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in ev<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t is rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in the o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to re<span class=\"_ _0\"></span>new or te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>e the le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se wil<span class=\"_ _0\"></span>l be exerc<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>r not<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>at is<span class=\"_ _0\"></span>, i<span class=\"_ _0\"></span>t consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s all r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at cre<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>n econ<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c incen<span class=\"_ _0\"></span>tive for th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up to exe<span class=\"_ _0\"></span>rcise ei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he ren<span class=\"_ _0\"></span>ewa<span class=\"_ _0\"></span>l or te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p rea<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm i<span class=\"_ _0\"></span>f <span class=\"ls4\"> </span>the<span class=\"_ _0\"></span>re is a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt even<span class=\"_ _0\"></span>t or cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n circum<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nces t<span class=\"_ _0\"></span>hat i<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol a<span class=\"_ _0\"></span>nd affec<span class=\"_ _2\"></span>ts it<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to exercis<span class=\"_ _0\"></span>e or no<span class=\"_ _0\"></span>t to exercis<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to ren<span class=\"_ _0\"></span>ew <span class=\"ls4\"> </span>or to te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nate t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>La<span class=\"_ _0\"></span>ndma<span class=\"_ _0\"></span>rc j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up hol<span class=\"_ _0\"></span>ds 5<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>% of th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares i<span class=\"_ _0\"></span>n L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted (L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>marc)<span class=\"_ _3\"></span>, a jo<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ly cont<span class=\"_ _0\"></span>roll<span class=\"_ _0\"></span>ed en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ainin<span class=\"_ _0\"></span>g 49% of the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res in L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc a<span class=\"_ _0\"></span>re he<span class=\"_ _0\"></span>ld by a sing<span class=\"_ _0\"></span>le thi<span class=\"_ _0\"></span>rd pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Mana<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc to b<span class=\"_ _0\"></span>e a joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture d<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ite t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>aving m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y votin<span class=\"_ _0\"></span>g rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Thi<span class=\"_ _0\"></span>s is bec<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>se, u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>s of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, join<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e oth<span class=\"_ _0\"></span>er pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ty to pa<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>esol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions for all s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>ccordin<span class=\"_ _0\"></span>gly, the Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rol L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc an<span class=\"_ _0\"></span>d doe<span class=\"_ _0\"></span>s not re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ise i<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s a subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc usin<span class=\"_ _0\"></span>g the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. S<span class=\"_ _0\"></span>ee No<span class=\"_ _0\"></span>te 1<span class=\"_ _15\"></span>5.<span class=\"_ _332\"> </span>Key sourc<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y The key a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns conce<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>g the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>at have a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>isk of c<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ng a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>usse<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us of i<span class=\"_ _0\"></span>ts su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, from time t<span class=\"_ _0\"></span>o time<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ims t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re in th<span class=\"_ _0\"></span>e ordi<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r thes<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ng in a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n or<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely, whet<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>tems m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in tim<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt a<span class=\"_ _0\"></span>nd, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re, in m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing a r<span class=\"_ _0\"></span>elia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te of th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>ntum a<span class=\"_ _0\"></span>nd ti<span class=\"_ _0\"></span>ming of li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is<span class=\"_ _0\"></span> app<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>.4m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>0m)<span class=\"_ _3\"></span>. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 2<span class=\"_ _3\"></span>1<span class=\"_ _332\"> </span><span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>2<span class=\"_ _0\"></span>. Critical accountin<span class=\"_ _3\"></span>g judgements and ke<span class=\"_ _3\"></span>y sourc<span class=\"_ _3\"></span>es of es<span class=\"_ _0\"></span>timation un<span class=\"_ _3\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty continued<span class=\"_ _332\"> </span>Onerous contrac<span class=\"_ _0\"></span>t provisions<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a3<span class=\"_ _15\"></span>10.<span class=\"_ _0\"></span>5m have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>ese pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>se on t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Interserve.<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>vel at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te. D<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue of<span class=\"_ _0\"></span> one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t provisio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd comp<span class=\"_ _0\"></span>lex j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o be ma<span class=\"_ _0\"></span>de ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>vel of uncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>es mad<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, or i<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n bo<span class=\"_ _0\"></span>oked<span class=\"_ _0\"></span>, is linke<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span> complexit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> the underly<span class=\"_ _0\"></span>ing c<span class=\"_ _3\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. The m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r sou<span class=\"_ _0\"></span>rces of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to boo<span class=\"_ _0\"></span>k are:<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of accur<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>y in fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g futu<span class=\"_ _0\"></span>re va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t;<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r impr<span class=\"_ _0\"></span>ove ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance to e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re in line w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>evels<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t spe<span class=\"_ _0\"></span>cific key p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>rs (K<span class=\"_ _0\"></span>PIs<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>ves t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e in ter<span class=\"_ _0\"></span>ms of ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd sc<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e reso<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tion of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t specific d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>od of incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or <span class=\"ls4\"> </span>reactive work. The r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ju<span class=\"_ _0\"></span>dgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ade to d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns could r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d hen<span class=\"_ _0\"></span>ce, on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. <span class=\"ls4\"> </span>T<span class=\"_ _15\"></span>o mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rly co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ious forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re the o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> and co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s if rev<span class=\"_ _0\"></span>ised j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>irin<span class=\"_ _0\"></span>g an on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor so<span class=\"_ _0\"></span>urces of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, a<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te a pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le ra<span class=\"_ _0\"></span>nge of fu<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ing from a re<span class=\"_ _0\"></span>duc<span class=\"_ _2\"></span>tion in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision of u<span class=\"_ _0\"></span>p to \u00a35m t<span class=\"_ _0\"></span>o a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se of u<span class=\"_ _0\"></span>p to \u00a3<span class=\"_ _15\"></span>10m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>An o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t bee<span class=\"_ _0\"></span>n recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on a ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which ma<span class=\"_ _0\"></span>de a lo<span class=\"_ _0\"></span>ss of \u00a38.4m in t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a38<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) and h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s 1<span class=\"_ _15\"></span>8 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing on t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, and a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>led tu<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd pla<span class=\"_ _0\"></span>n is in th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>cess of be<span class=\"_ _0\"></span>ing im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e pla<span class=\"_ _0\"></span>n, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>ownsi<span class=\"_ _0\"></span>de sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>ill re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n to profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2026 and wil<span class=\"_ _0\"></span>l record a c<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve profi<span class=\"_ _0\"></span>t for the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Other contract<span class=\"_ _3\"></span> specific provisions<span class=\"_ _332\"> </span>In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion to t<span class=\"_ _0\"></span>he on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _0\"></span>38.8<span class=\"_ _0\"></span>m of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>). <span class=\"ls4\"> </span>The<span class=\"_ _0\"></span>se have b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily to cove<span class=\"_ _0\"></span>r cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ired to m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l, \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>4.7m relate<span class=\"_ _0\"></span>s to a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to a com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt sou<span class=\"_ _0\"></span>ght e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>ssis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve\u2019s acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion to v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>his as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ay differ from t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 due t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pou<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g effec<span class=\"_ _0\"></span>t of m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icula<span class=\"_ _0\"></span>r issu<span class=\"_ _0\"></span>es invol<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s bes<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te. M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at to th<span class=\"_ _0\"></span>e ex<span class=\"_ _2\"></span>tent tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t is agr<span class=\"_ _0\"></span>eed o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes cou<span class=\"_ _0\"></span>ld pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y lea<span class=\"_ _0\"></span>d to a red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of up to \u00a3<span class=\"_ _3\"></span>4m o<span class=\"_ _0\"></span>r a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of up to \u00a39m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es could i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty fur<span class=\"_ _2\"></span>ther<span class=\"_ _3\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wil<span class=\"_ _0\"></span>l conti<span class=\"_ _0\"></span>nue to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in ar<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of any po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>solu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t each<span class=\"_ _0\"></span> subsequent<span class=\"_ _3\"></span> repor<span class=\"_ _0\"></span>ting dat<span class=\"_ _3\"></span>e.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts are a<span class=\"_ _0\"></span>lso su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Measurem<span class=\"_ _3\"></span>ent of<span class=\"_ _3\"></span> defined<span class=\"_ _3\"></span> benefit p<span class=\"_ _3\"></span>ension oblig<span class=\"_ _3\"></span>ations The n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at 3<span class=\"_ _3\"></span>1 Mar<span class=\"_ _0\"></span>ch 2023 wa<span class=\"_ _0\"></span>s \u00a30.<span class=\"_ _0\"></span>2m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>.2m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>2.4m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>6m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>res ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. See N<span class=\"_ _0\"></span>ote 32 f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails a<span class=\"_ _0\"></span>nd a se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis for the key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>ates i<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ur mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pens<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>Pensio<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>eme (th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m at 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.7<span class=\"_ _15\"></span>m) f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer <span class=\"ls4\"> </span>deb<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>20.4m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m<span class=\"_ _3\"></span>), which i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.6<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of unus<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>n los<span class=\"_ _0\"></span>ses ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill cont<span class=\"_ _0\"></span>inue to m<span class=\"_ _0\"></span>ake p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d. In o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>6m defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t on lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent h<span class=\"_ _0\"></span>as a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y of thi<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th referen<span class=\"_ _0\"></span>ce to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s three<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>ts whi<span class=\"_ _0\"></span>ch in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s judgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le th<span class=\"_ _0\"></span>at fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch the u<span class=\"_ _0\"></span>nuse<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an be u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lised<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat a t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e-ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s str<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tegic<span class=\"_ _0\"></span>, bud<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s pla<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g cycl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d is rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. It t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a timefr<span class=\"_ _0\"></span>ame ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it c<span class=\"_ _0\"></span>an re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses of \u00a363.9m have not be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>take<span class=\"_ _0\"></span>n wh<span class=\"_ _0\"></span>ich sho<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at a 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or d<span class=\"_ _0\"></span>ecr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d would r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a \u00a3<span class=\"_ _0\"></span>3m incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or<span class=\"_ _0\"></span> dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se to t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively. If the deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s to be b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>ould d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se by \u00a3<span class=\"_ _15\"></span>10m, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s if a four-year fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>as to b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t would i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e by \u00a39m.<span class=\"_ _332\"> </span>3. Business segment informati<span class=\"_ _3\"></span>on<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>n a ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice di<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. At 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>ad eig<span class=\"_ _0\"></span>ht re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ble s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd the i<span class=\"_ _0\"></span>nforma<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted, is consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch is the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s Chief Ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Deci<span class=\"_ _0\"></span>sion M<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Revenu<span class=\"_ _0\"></span>e incl<span class=\"_ _0\"></span>uding s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gin b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>mar<span class=\"_ _2\"></span>y mea<span class=\"_ _0\"></span>sures of p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce tha<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to an<span class=\"_ _0\"></span>d revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>ot be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ey are no<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Consolidated income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt information<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profit/(loss<span class=\"_ _3\"></span>) befor<span class=\"_ _0\"></span>e <span class=\"_ _15\"></span> Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) <span class=\"_ _3\"></span> bef<span class=\"_ _3\"></span>ore Other <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1d1\"> </span><span class=\"ff89 ls4 ws0\">1,171.6<span class=\"_ _150\"> </span>67.5<span class=\"_ _102\"> </span>5.8<span class=\"_ _3a\"> </span><span class=\"ff88\">1,522.0<span class=\"_ _3a\"> </span>107.5<span class=\"_ _84\"> </span>7.1<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">1,154.1<span class=\"_ _150\"> </span>34.1<span class=\"_ _102\"> </span>3.0<span class=\"_ _59\"> </span><span class=\"ff88\">972.9<span class=\"_ _80\"> </span>30.0<span class=\"_ _1a5\"> </span>3.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _150\"> </span>59.8<span class=\"_ _102\"> </span>7.2<span class=\"_ _59\"> </span><span class=\"ff88\">669.4<span class=\"_ _80\"> </span>38.4<span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties <span class=\"_ _202\"> </span><span class=\"ff89 ls4 ws0\">490.2<span class=\"_ _6b\"> </span>21.3<span class=\"_ _66\"> </span>4.3<span class=\"_ _87\"> </span><span class=\"ff88\">460.0<span class=\"_ _d2\"> </span>19.9<span class=\"_ _84\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">410.9<span class=\"_ _6b\"> </span>34.9<span class=\"_ _66\"> </span>8.5<span class=\"_ _87\"> </span><span class=\"ff88\">372.5<span class=\"_ _d2\"> </span>32.5<span class=\"_ _84\"> </span>8.7<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _6b\"> </span>10.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _87\"> </span><span class=\"ff88\">135.7<span class=\"_ _1a5\"> </span>9.9<span class=\"_ _84\"> </span>7.3<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">65.7<span class=\"_ _66\"> </span>9.5<span class=\"_ _150\"> </span>14.5<span class=\"_ _11a\"> </span><span class=\"ff88\">55.0<span class=\"_ _1a5\"> </span>9.2<span class=\"_ _80\"> </span>16.7<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">74.4<span class=\"_ _66\"> </span>8.6<span class=\"_ _6b\"> </span>11.6<span class=\"_ _7f\"> </span><span class=\"ff88\">76.7<span class=\"_ _1a5\"> </span>8.3<span class=\"_ _80\"> </span>10.8<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _205\"> </span><span class=\"ff89 ls4 ws0\">102.1<span class=\"_ _66\"> </span>6.6<span class=\"_ _66\"> </span>6.5<span class=\"_ _7d\"> </span><span class=\"ff88\">105.1<span class=\"_ _1a5\"> </span>5.1<span class=\"_ _84\"> </span>4.9<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _a2\"> </span>(55.5)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _9d\"> </span>(61.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from cont<span class=\"_ _3\"></span>inuing operations<span class=\"_ _206\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _6a\"> </span>166.9<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _207\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _109\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from disc<span class=\"_ _3\"></span>ontinued operations<span class=\"_ _b0\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _80\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0.1<span class=\"_ _15\"></span>m (<span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>: \u00a385.1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) is i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin CG<span class=\"_ _0\"></span>&amp;D a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>2: \u00a38<span class=\"_ _0\"></span>.4m) wit<span class=\"_ _0\"></span>hin C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>No sin<span class=\"_ _0\"></span>gle cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>nted for mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% of ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al reve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 or in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is not co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a sing<span class=\"_ _0\"></span>le cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>. A recon<span class=\"_ _0\"></span>cilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems t<span class=\"_ _0\"></span>o tot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>efore ta<span class=\"_ _0\"></span>x is p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>continuing operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>discontinued operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> G<span class=\"_ _2\"> </span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _1d3\"> </span><span class=\"ff89 ls4\">162.1<span class=\"_ _87\"> </span><span class=\"ff88\">166.9<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _3a\"> </span>169.8<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(45.1)<span class=\"_ _80\"> </span><span class=\"ff88\">(94.8)<span class=\"_ _1c7\"> </span>17.0<span class=\"_ _9d\"> </span>(77.8)<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce (<span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _3\"></span>/i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _209\"> </span><span class=\"ff89 ls4 ws0\">(11.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(19.8)<span class=\"_ _87\"> </span>0.1<span class=\"_ _1c7\"> </span>(19.7)<span class=\"_ _332\"> </span></span></span>Pro<span class=\"_ _0\"></span>fit b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re ta<span class=\"_ _2\"></span>x<span class=\"_ _20a\"> </span><span class=\"ff89 ls4\">105.5<span class=\"_ _7f\"> </span><span class=\"ff88\">52.3<span class=\"_ _80\"> </span>20.0<span class=\"_ _d2\"> </span>72.3<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>3. Business segment informati<span class=\"_ _3\"></span>on continued<span class=\"_ _332\"> </span>Geographical s<span class=\"_ _3\"></span>egments<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ofit a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in from ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>re show<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profi<span class=\"_ _0\"></span>t before Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit before <span class=\"ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">3,895.2<span class=\"_ _164\"> </span>153.9<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,844.5<span class=\"_ _6a\"> </span>160.3<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20c\"> </span><span class=\"ff89 ls4 ws0\">159.9<span class=\"_ _66\"> </span>8.2<span class=\"_ _66\"> </span>5.1<span class=\"_ _7d\"> </span><span class=\"ff88\">152.3<span class=\"_ _1a5\"> </span>6.6<span class=\"_ _1a5\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _127\"> </span><span class=\"ff89 ws0\">4,055.1<span class=\"_ _cf\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _3a\"> </span>166.9<span class=\"_ _84\"> </span>4.2<span class=\"_ _332\"> </span></span></span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _84\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _84\"> </span>2.9<span class=\"_ _d2\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _6\"></span>10.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) i<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gdo<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d \u00a3n<span class=\"_ _0\"></span>il (202<span class=\"_ _0\"></span>2: \u00a3n<span class=\"_ _0\"></span>il) in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, by ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>phic<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>show<span class=\"_ _0\"></span>n bel<span class=\"_ _0\"></span>ow:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20e\"> </span><span class=\"ff89 ls4 ws0\">732.5<span class=\"_ _3a\"> </span><span class=\"ff88\">717.6<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20f\"> </span><span class=\"ff89 ls4 ws0\">16.0<span class=\"_ _80\"> </span><span class=\"ff88\">14.8<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">748.5<span class=\"_ _3a\"> </span><span class=\"ff88\">732.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. Trade a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m hav<span class=\"_ _0\"></span>e bee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s to n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ee N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span>Supplement<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y inf<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>ation<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Depreci<span class=\"_ _0\"></span>ation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>ty, plant and<span class=\"_ _3\"></span> equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of intangible asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of contract asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> items<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Depreciation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, plant<span class=\"_ _3\"></span> and equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of intangible as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">1.6<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.9<span class=\"_ _3a\"> </span><span class=\"ff88\">1.9<span class=\"_ _72\"> </span>2.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>17.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1cf\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _15e\"> </span>0.6<span class=\"_ _141\"> </span>0.3<span class=\"_ _d8\"> </span>10.8<span class=\"_ _3a\"> </span><span class=\"ff88\">0.8<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>21.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _b3\"> </span><span class=\"ff89 ls4 ws0\">0.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.8)<span class=\"_ _cf\"> </span><span class=\"ff88\">0.3<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.5)<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.4<span class=\"_ _6a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.9<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _75\"> </span><span class=\"ff89 ls4 ws0\">2.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _15e\"> </span>0.6<span class=\"_ _6a\"> </span><span class=\"ff88\">2.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _bb\"> </span>1.2<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _b5\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.6<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _213\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.9<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.4<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">36.2<span class=\"_ _81\"> </span>28.6<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _d8\"> </span>33.2<span class=\"_ _23\"> </span><span class=\"ff88\">35.0<span class=\"_ _1d\"> </span>24.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>45.6<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _5a\"> </span><span class=\"ff89 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.4<span class=\"_ _3b\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _1d\"> </span>94.8<span class=\"_ _332\"> </span></span></span>Social Hous<span class=\"_ _3\"></span>ing<span class=\"_ _71\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(4.0)<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _214\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(16.0)<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _215\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.0<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _216\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(17.0)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _217\"> </span><span class=\"ff89 ls4 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _141\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.6<span class=\"_ _1d\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _3b\"> </span>77.8<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>esc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span>3. Business segment informati<span class=\"_ _3\"></span>on continued<span class=\"_ _332\"> </span>Disa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s reven<span class=\"_ _0\"></span>ue from con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s by sec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r (gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd by cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _15\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th <span class=\"ls4\"> </span>a dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion from i<span class=\"_ _0\"></span>ncept<span class=\"_ _0\"></span>ion of le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on from in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of mo<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>wo yea<span class=\"_ _0\"></span>rs<span class=\"_ _3\"></span>). Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>s this b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s how t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, timi<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s are affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by econo<span class=\"_ _0\"></span>mic fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>. The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>s a reco<span class=\"_ _0\"></span>ncilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ated r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2023<span class=\"_ _332\"> </span>Sector<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contrac<span class=\"_ _0\"></span>t duration for timing of<span class=\"_ _3\"></span> revenue recognition<span class=\"_ _332\"> </span>Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _15\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">347.4<span class=\"_ _cf\"> </span>824.2<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _58\"> </span>177.9<span class=\"_ _164\"> </span>993.7<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">262.4<span class=\"_ _164\"> </span>891.7<span class=\"_ _1d\"> </span>1,154.1<span class=\"_ _58\"> </span>205.7<span class=\"_ _164\"> </span>948.4<span class=\"_ _1b\"> </span>1,154.1<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>828.3<span class=\"_ _101\"> </span>2.2<span class=\"_ _164\"> </span>826.1<span class=\"_ _f4\"> </span>828.3<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _218\"> </span><span class=\"ff89 ls4 ws0\">487.9<span class=\"_ _66\"> </span>2.3<span class=\"_ _164\"> </span>490.2<span class=\"_ _191\"> </span>\u2013<span class=\"_ _f4\"> </span>490.2<span class=\"_ _164\"> </span>490.2<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">278.4<span class=\"_ _164\"> </span>132.5<span class=\"_ _164\"> </span>410.9<span class=\"_ _219\"> </span>63.2<span class=\"_ _164\"> </span>347.7<span class=\"_ _164\"> </span>410.9<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _69\"> </span>\u2013<span class=\"_ _f4\"> </span>168.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _164\"> </span>168.7<span class=\"_ _164\"> </span>168.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">24.7<span class=\"_ _150\"> </span>41.0<span class=\"_ _6b\"> </span>65.7<span class=\"_ _219\"> </span>21.3<span class=\"_ _6b\"> </span>44.4<span class=\"_ _6b\"> </span>65.7<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">23.7<span class=\"_ _6b\"> </span>50.7<span class=\"_ _150\"> </span>74.4<span class=\"_ _50\"> </span>15.4<span class=\"_ _150\"> </span>59.0<span class=\"_ _1c7\"> </span>74.4<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">61.3<span class=\"_ _6b\"> </span>40.8<span class=\"_ _164\"> </span>102.1<span class=\"_ _219\"> </span>26.5<span class=\"_ _21a\"> </span>75.6<span class=\"_ _cf\"> </span>102.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations and total Group including joint ventures and associates<span class=\"_ _5b\"> </span><span class=\"ff89 ws0\">2,204.4<span class=\"_ _1b\"> </span>1,850.7<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,606.1<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(110.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _70\"> </span>(110.1)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations and total Group excluding joint v<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>tures and associates<span class=\"_ _ba\"> </span><span class=\"ff89 ws0\">2,094.3<span class=\"_ _1d\"> </span>1,850.7<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,496.0<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1m and \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he CG&amp;<span class=\"_ _0\"></span>D an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly.<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Sec<span class=\"_ _0\"></span>tor<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contract duration f<span class=\"_ _3\"></span>or timing<span class=\"_ _3\"></span> of reven<span class=\"_ _3\"></span>ue recognition<span class=\"_ _332\"> </span>Government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Non-government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20c\"> </span><span class=\"ls4 ws0\">686.6<span class=\"_ _3a\"> </span>835.4<span class=\"_ _bb\"> </span>1,522.0<span class=\"_ _87\"> </span>682.0<span class=\"_ _3a\"> </span>840.0<span class=\"_ _72\"> </span>1,522.0<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">258.9<span class=\"_ _3a\"> </span>714.0<span class=\"_ _3a\"> </span>972.9<span class=\"_ _11a\"> </span>79.2<span class=\"_ _3a\"> </span>893.7<span class=\"_ _3a\"> </span>972.9<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _21d\"> </span><span class=\"ls4 ws0\">669.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>669.4<span class=\"_ _69\"> </span>0.7<span class=\"_ _3a\"> </span>668.7<span class=\"_ _3a\"> </span>669.4<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _b5\"> </span><span class=\"ls4 ws0\">452.1<span class=\"_ _84\"> </span>7.9<span class=\"_ _3a\"> </span>460.0<span class=\"_ _7f\"> </span>18.2<span class=\"_ _3a\"> </span>441.8<span class=\"_ _3a\"> </span>460.0<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _155\"> </span><span class=\"ls4 ws0\">259.5<span class=\"_ _3a\"> </span>113.0<span class=\"_ _6a\"> </span>372.5<span class=\"_ _7f\"> </span>59.9<span class=\"_ _3a\"> </span>312.6<span class=\"_ _3a\"> </span>372.5<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _109\"> </span><span class=\"ff88 ls4\">135.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _6a\"> </span>135.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _21e\"> </span><span class=\"ff88 ls4 ws0\">20.0<span class=\"_ _80\"> </span>35.0<span class=\"_ _d2\"> </span>55.0<span class=\"_ _11a\"> </span>18.5<span class=\"_ _d2\"> </span>36.5<span class=\"_ _80\"> </span>55.0<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b9\"> </span><span class=\"ff88 ls4 ws0\">31.0<span class=\"_ _d2\"> </span>45.7<span class=\"_ _80\"> </span>76.7<span class=\"_ _7f\"> </span>14.1<span class=\"_ _80\"> </span>62.6<span class=\"_ _80\"> </span>76.7<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _21f\"> </span><span class=\"ff88 ls4 ws0\">72.8<span class=\"_ _80\"> </span>32.3<span class=\"_ _3a\"> </span>105.1<span class=\"_ _7f\"> </span>27.3<span class=\"_ _80\"> </span>77.8<span class=\"_ _3a\"> </span>105.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations including joint ventures and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,326.5<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,156.8<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(93.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _9d\"> </span>(93.5)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _52\"> </span>(93.5)<span class=\"_ _a2\"> </span>(93.5)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations excluding joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,233.0<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,063.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _332\"> </span></span>Document Management<span class=\"_ _220\"> </span><span class=\"ls4 ws0\">1.7<span class=\"_ _80\"> </span>23.8<span class=\"_ _d2\"> </span>25.5<span class=\"_ _69\"> </span>0.1<span class=\"_ _d2\"> </span>25.4<span class=\"_ _80\"> </span>25.5<span class=\"_ _332\"> </span></span>Nordics and P<span class=\"_ _3\"></span>oland <span class=\"_ _11f\"> </span><span class=\"ws0\">\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _d6\"> </span>\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _2a\"> </span><span class=\"ff88 ls4 ws0\">1.7<span class=\"_ _d2\"> </span>25.7<span class=\"_ _80\"> </span>27.4<span class=\"_ _60\"> </span>0.1<span class=\"_ _80\"> </span>27.3<span class=\"_ _d2\"> </span>27.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal Grou<span class=\"_ _0\"></span>p excluding j<span class=\"_ _3\"></span>oint ventures and a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,234.7<span class=\"_ _72\"> </span>1,696.0<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _59\"> </span>840.1<span class=\"_ _72\"> </span>3,090.6<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a385.1<span class=\"_ _3\"></span>m an<span class=\"_ _0\"></span>d \u00a38.4<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in th<span class=\"_ _0\"></span>e CG&amp;D a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>3. Business segment informati<span class=\"_ _3\"></span>on continued<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce obl<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span>The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>cured for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r boo<span class=\"_ _0\"></span>k for each se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he ti<span class=\"_ _0\"></span>me ba<span class=\"_ _0\"></span>nds of w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to recog<span class=\"_ _0\"></span>nise s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>ed reve<span class=\"_ _0\"></span>nue o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red reve<span class=\"_ _0\"></span>nue co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds to a<span class=\"_ _0\"></span>ll fixed wo<span class=\"_ _0\"></span>rk con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of any an<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secure<span class=\"_ _0\"></span>d reven<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secured revenue  \u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">554.8<span class=\"_ _cf\"> </span>787.3<span class=\"_ _1b\"> </span>1,342.1<span class=\"_ _59\"> </span><span class=\"ff88\">638.8<span class=\"_ _3a\"> </span>805.5<span class=\"_ _bb\"> </span>1,444.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">482.6<span class=\"_ _164\"> </span>678.0<span class=\"_ _1d\"> </span>1,160.6<span class=\"_ _59\"> </span><span class=\"ff88\">443.9<span class=\"_ _3a\"> </span>779.9<span class=\"_ _bb\"> </span>1,223.8<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>503.8<span class=\"_ _1b\"> </span>1,263.3<span class=\"_ _1b\"> </span>1,767.1<span class=\"_ _87\"> </span><span class=\"ff88\">346.3<span class=\"_ _3a\"> </span>502.8<span class=\"_ _3a\"> </span>849.1<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>272.4<span class=\"_ _1b\"> </span>2,356.6<span class=\"_ _1b\"> </span>2,629.0<span class=\"_ _87\"> </span><span class=\"ff88\">275.2<span class=\"_ _72\"> </span>2,582.4<span class=\"_ _bb\"> </span>2,857.6<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">173.7<span class=\"_ _164\"> </span>396.8<span class=\"_ _164\"> </span>570.5<span class=\"_ _87\"> </span><span class=\"ff88\">194.7<span class=\"_ _3a\"> </span>484.4<span class=\"_ _3a\"> </span>679.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">105.1<span class=\"_ _164\"> </span>330.9<span class=\"_ _164\"> </span>436.0<span class=\"_ _87\"> </span><span class=\"ff88\">120.1<span class=\"_ _3a\"> </span>397.8<span class=\"_ _6a\"> </span>517.9<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">28.2<span class=\"_ _21a\"> </span>52.5<span class=\"_ _21a\"> </span>80.7<span class=\"_ _7f\"> </span><span class=\"ff88\">32.1<span class=\"_ _80\"> </span>68.8<span class=\"_ _3a\"> </span>100.9<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _221\"> </span><span class=\"ff89 ls4 ws0\">8.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _6b\"> </span>14.2<span class=\"_ _60\"> </span><span class=\"ff88\">7.0<span class=\"_ _1a5\"> </span>8.6<span class=\"_ _80\"> </span>15.6<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">32.2<span class=\"_ _66\"> </span>7.4<span class=\"_ _6b\"> </span>39.6<span class=\"_ _7f\"> </span><span class=\"ff88\">35.5<span class=\"_ _84\"> </span>9.2<span class=\"_ _80\"> </span>44.7<span class=\"_ _332\"> </span></span></span>Continuing<span class=\"_ _3\"></span> ope<span class=\"_ _0\"></span>rations and<span class=\"_ _3\"></span> tot<span class=\"_ _0\"></span>al Group<span class=\"_ _b7\"> </span><span class=\"ff89 ls4 ws0\">1,987.3<span class=\"_ _1d\"> </span>5,482.0<span class=\"_ _1b\"> </span>7,469.3<span class=\"_ _3a\"> </span><span class=\"ff88\">1,898.9<span class=\"_ _bb\"> </span>5,155.0<span class=\"_ _72\"> </span>7,053.9<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ord<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>4. O<span class=\"_ _0\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>tems of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t beli<span class=\"_ _0\"></span>eves sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e face of the in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>in und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce achie<span class=\"_ _0\"></span>ved by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ts im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _0\"></span>, impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al <span class=\"ls4\"> </span>rela<span class=\"_ _0\"></span>ted cos<span class=\"_ _2\"></span>ts, g<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r loss o<span class=\"_ _0\"></span>n bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _0\"></span>, cos<span class=\"_ _0\"></span>t of res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l ite<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>s O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>, to<span class=\"_ _0\"></span>geth<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span>ir <span class=\"ls4\"> </span>rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x effec<span class=\"_ _2\"></span>t. Continuing operations and total Group<span class=\"_ _332\"> </span>2023<span class=\"_ _332\"> </span>Res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>cost<span class=\"_ _0\"></span>s <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Acquisition <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>and dispo<span class=\"_ _3\"></span>sal related<span class=\"_ _3\"></span> costs <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> exc<span class=\"_ _3\"></span>eptional <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>ite<span class=\"_ _0\"></span>ms <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Other items bef<span class=\"_ _3\"></span>ore tax<span class=\"_ _6f\"> </span><span class=\"ff89 ls4 ws0\">(16.6)<span class=\"_ _7c\"> </span>(25.1)<span class=\"_ _3a\"> </span>(3.4)<span class=\"_ _23\"> </span>(45.1)<span class=\"_ _332\"> </span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _222\"> </span><span class=\"ff89 ls4 ws0\">3.2<span class=\"_ _66\"> </span>4.4<span class=\"_ _66\"> </span>0.6<span class=\"_ _102\"> </span>8.2<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _223\"> </span><span class=\"ff89 ls4\">(13.4)<span class=\"_ _7c\"> </span>(20.7)<span class=\"_ _1bc\"> </span>(2.8)<span class=\"_ _7c\"> </span>(36.9)<span class=\"_ _332\"> </span></span>Continuing operations<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Restruc<span class=\"_ _0\"></span>ture <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Acquisition <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>and disposal related cost<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  exceptional <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>item<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Ga<span class=\"_ _0\"></span>in o<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span><span class=\"ls4\"> </span>disposal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Other items bef<span class=\"_ _3\"></span>ore tax<span class=\"_ _7b\"> </span><span class=\"ff88 ls4 ws0\">(10.9)<span class=\"_ _a2\"> </span>(89.3)<span class=\"_ _87\"> </span>5.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _9d\"> </span>(94.8)<span class=\"_ _332\"> </span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>2.1<span class=\"_ _87\"> </span>(3.1)<span class=\"_ _e6\"> </span>(1.0)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(2.0)<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _201\"> </span><span class=\"ff88 ls4\">(8.8)<span class=\"_ _a2\"> </span>(92.4)<span class=\"_ _7d\"> </span>4.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _e0\"> </span> (96.8)<span class=\"_ _332\"> </span></span>Discontinued operations<span class=\"_ _332\"> </span>Other items bef<span class=\"_ _3\"></span>ore tax<span class=\"_ _224\"> </span><span class=\"ff88 ls4 ws0\">\u2013<span class=\"_ _84\"> </span>4.0<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d2\"> </span>13.0<span class=\"_ _80\"> </span>17.0<span class=\"_ _332\"> </span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _225\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _82\"> </span><span class=\"ff88 ls4\">\u2013<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d2\"> </span>13.0<span class=\"_ _80\"> </span>17.0<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _332\"> </span>Other items bef<span class=\"_ _3\"></span>ore tax<span class=\"_ _7b\"> </span><span class=\"ff88 ls4 ws0\">(10.9)<span class=\"_ _a2\"> </span>(85.3)<span class=\"_ _87\"> </span>5.4<span class=\"_ _80\"> </span>13.0<span class=\"_ _1c7\"> </span>(77.8)<span class=\"_ _332\"> </span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>2.1<span class=\"_ _87\"> </span>(3.1)<span class=\"_ _e6\"> </span>(1.0)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(2.0)<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _201\"> </span><span class=\"ff88 ls4\">(8.8)<span class=\"_ _a2\"> </span>(88.4)<span class=\"_ _7d\"> </span>4.4<span class=\"_ _d2\"> </span>13.0<span class=\"_ _9d\"> </span>(79.8)<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es \u00a38<span class=\"_ _0\"></span>.1<span class=\"_ _15\"></span>m ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge a<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ate o<span class=\"_ _0\"></span>f UK co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x fro<span class=\"_ _0\"></span>m 1 Ap<span class=\"_ _0\"></span>ril 202<span class=\"_ _0\"></span>3. Th<span class=\"_ _0\"></span>is p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ily r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ips i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g on th<span class=\"_ _0\"></span>e acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>. Se<span class=\"_ _0\"></span>e Not<span class=\"_ _0\"></span>e 9<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>4. Ot<span class=\"_ _0\"></span>her items continued<span class=\"_ _332\"> </span>Restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture costs<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en un<span class=\"_ _0\"></span>der<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ing a ma<span class=\"_ _0\"></span>jor t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsform<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>me invol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g the r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ring of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to rep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess for i<span class=\"_ _0\"></span>ts ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> pha<span class=\"_ _0\"></span>se of g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th. The co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d below<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Continuing operations and total Group 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Group transf<span class=\"_ _3\"></span>orma<span class=\"_ _0\"></span>tion pr<span class=\"_ _3\"></span>ogr<span class=\"_ _0\"></span>amme:<span class=\"_ _332\"> </span>Proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t For<span class=\"_ _2\"></span>t\u00e9<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(8.7)<span class=\"_ _a2\"> </span><span class=\"ff88\">(10.2)<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>arget Operating Model<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(7.9)<span class=\"_ _1bc\"> </span><span class=\"ff88\"> (0.3)<span class=\"_ _332\"> </span></span>Proper<span class=\"_ _2\"></span>ty<span class=\"_ _226\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _47\"> </span><span class=\"ff88\"> (0.4)<span class=\"_ _332\"> </span></span></span>Restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture costs<span class=\"_ _1b7\"> </span><span class=\"ff89 ls4 ws0\">(16.6)<span class=\"_ _a2\"> </span><span class=\"ff88\">(10.9)<span class=\"_ _332\"> </span></span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _227\"> </span><span class=\"ff89 ls4 ws0\">3.2<span class=\"_ _84\"> </span><span class=\"ff88\">2.1<span class=\"_ _332\"> </span></span></span>Res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _1e2\"> </span><span class=\"ff89 ls4\">(13.4)<span class=\"_ _e6\"> </span><span class=\"ff88\">(8.8)<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>P<span class=\"_ _0\"></span>roj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e9 wa<span class=\"_ _0\"></span>s la<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>d in 201<span class=\"_ _15\"></span>9, prim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y focusi<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he T<span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss to m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d opt<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>se wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>roj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in F<span class=\"_ _0\"></span>Y2<span class=\"_ _0\"></span>3, a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>efore no fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill b<span class=\"_ _0\"></span>e incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>jec<span class=\"_ _2\"></span>t has im<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>oved b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>ffici<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y of i<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. Cum<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a340.1<span class=\"_ _3\"></span>m have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms o<span class=\"_ _0\"></span>n Pro<span class=\"_ _0\"></span>jec<span class=\"_ _2\"></span>t For<span class=\"_ _0\"></span>t\u00e9 s<span class=\"_ _0\"></span>ince i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s la<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>h in 201<span class=\"_ _15\"></span>9, of whic<span class=\"_ _0\"></span>h \u00a36<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5m wer<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he T<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>t Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Mod<span class=\"_ _0\"></span>el i<span class=\"_ _0\"></span>s the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t pha<span class=\"_ _0\"></span>se of th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019s tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he fur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>rcin<span class=\"_ _0\"></span>g of ba<span class=\"_ _0\"></span>ck-offi<span class=\"_ _0\"></span>ce fun<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>roce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion s<span class=\"_ _2\"></span>truc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ete by 31 March 2024. The co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pro<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>me incl<span class=\"_ _0\"></span>ude \u00a36<span class=\"_ _0\"></span>.9m of ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l consul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>ts (<span class=\"_ _0\"></span>2022: \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>), fixed<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aff cos<span class=\"_ _0\"></span>ts of<span class=\"_ _0\"></span> \u00a36.9m (2022: \u00a3<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) to ma<span class=\"_ _0\"></span>nage a<span class=\"_ _0\"></span>nd im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cha<span class=\"_ _0\"></span>nges<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>dund<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>2.1<span class=\"_ _15\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>nil) a<span class=\"_ _0\"></span>nd du<span class=\"_ _0\"></span>al-<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>n licen<span class=\"_ _0\"></span>ce cos<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to deco<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>ssio<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span> ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tems of \u00a30<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>nil). In th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2022<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent of \u00a30<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m, ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> one<span class=\"_ _0\"></span>rous l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a30.<span class=\"_ _0\"></span>2m an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m.<span class=\"_ _0\"></span> Acquisition and dispos<span class=\"_ _0\"></span>al related costs<span class=\"_ _332\"> </span>2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Continuing operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Discontinued<span class=\"_ _3\"></span> operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Interserve acqui<span class=\"_ _3\"></span>sition related i<span class=\"_ _3\"></span>ncome/<span class=\"_ _3\"></span>(<span class=\"_ _15\"></span>cost<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>)<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>3.7<span class=\"_ _153\"> </span><span class=\"ff88\">(2.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(2.4)<span class=\"_ _332\"> </span></span>Interserve integration c<span class=\"_ _3\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(5.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(16.2)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _1c7\"> </span>(16.2)<span class=\"_ _332\"> </span></span>Interserve completi<span class=\"_ _3\"></span>on accounts a<span class=\"_ _3\"></span>djus<span class=\"_ _0\"></span>tment<span class=\"_ _228\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _66\"> </span><span class=\"ff88\">(45.6)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _1c7\"> </span>(45.6)<span class=\"_ _332\"> </span></span></span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>(16.7)<span class=\"_ _80\"> </span><span class=\"ff88\">(19.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _1c7\"> </span>(19.1)<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al Interserve acqu<span class=\"_ _3\"></span>isition costs<span class=\"_ _229\"> </span><span class=\"ff89 ls4 ws0\">(18.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(83.3)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _1c7\"> </span>(83.3)<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _0\"></span>ion of a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _22a\"> </span><span class=\"ff89 ls4\">(4.7)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(2.8)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(2.8)<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>ther ac<span class=\"_ _3\"></span>quisition transac<span class=\"_ _0\"></span>tion costs<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>(1.9)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(3.2)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(3.2)<span class=\"_ _332\"> </span></span>Other disposal inc<span class=\"_ _3\"></span>ome<span class=\"_ _332\"> </span>5<span class=\"_ _332\"> </span>\u2013<span class=\"_ _191\"> </span><span class=\"ff88\">\u2013<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _332\"> </span></span>Acquisition and dispos<span class=\"_ _0\"></span>al costs<span class=\"_ _1e8\"> </span><span class=\"ff89 ls4 ws0\">(25.1)<span class=\"_ _80\"> </span><span class=\"ff88\">(89.3)<span class=\"_ _87\"> </span>4.0<span class=\"_ _1c7\"> </span>(85.3)<span class=\"_ _332\"> </span></span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _22b\"> </span><span class=\"ff89 ls4 ws0\">4.4<span class=\"_ _153\"> </span><span class=\"ff88\">(3.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(3.1)<span class=\"_ _332\"> </span></span></span>Acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s net o<span class=\"_ _0\"></span>f ta<span class=\"_ _2\"></span>xation<span class=\"_ _b5\"> </span><span class=\"ff89 ls4\">(20.7)<span class=\"_ _d2\"> </span><span class=\"ff88\">(92.4)<span class=\"_ _7d\"> </span>4.0<span class=\"_ _1c7\"> </span>(88.4)<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s a prov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ion r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se of \u00a31<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>2m for a ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d a prov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of I<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve for th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e\u2019s exi<span class=\"_ _0\"></span>t pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023 (see N<span class=\"_ _0\"></span>ote 2<span class=\"_ _3\"></span>1)<span class=\"_ _3\"></span>. A<span class=\"_ _0\"></span>lso i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s a \u00a30.7m rel<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se of a<span class=\"_ _0\"></span>n em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oyer l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce pr<span class=\"_ _0\"></span>ovis<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n cre<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s no fur<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>r cla<span class=\"_ _0\"></span>ims<span class=\"_ _0\"></span>, \u00a30.9m p<span class=\"_ _0\"></span>rofess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al fee a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ls re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of a \u00a3<span class=\"_ _0\"></span>0.9m pre<span class=\"_ _0\"></span>-a<span class=\"_ _0\"></span>cqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty o<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d ag<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2 cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ofessi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al fees o<span class=\"_ _0\"></span>f \u00a32<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5m an<span class=\"_ _0\"></span>d an a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f par<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s of \u00a30.<span class=\"_ _0\"></span>6m<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>ly off<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t by the r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in pr<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e of \u00a30.7m.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ses \u00a3<span class=\"_ _0\"></span>3.4m of r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>1.8m), st<span class=\"_ _0\"></span>aff re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a30.4m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>3.1<span class=\"_ _15\"></span>m) and p<span class=\"_ _0\"></span>rofes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l fees of \u00a3<span class=\"_ _3\"></span>1.7<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>3m). In the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2022<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>lso i<span class=\"_ _0\"></span>ncu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _3\"></span>1.<span class=\"_ _3\"></span>9m<span class=\"_ _0\"></span>, IT in<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts of \u00a31<span class=\"_ _3\"></span>.6<span class=\"_ _0\"></span>m, s<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of \u00a31<span class=\"_ _3\"></span>.4m, r<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ing cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a30.<span class=\"_ _0\"></span>6m<span class=\"_ _0\"></span>, ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2m, r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht-of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of \u00a30<span class=\"_ _0\"></span>.1<span class=\"_ _15\"></span>m a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r in<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a30<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span>3. <span class=\"_ _5\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>.7m amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip<span class=\"_ _0\"></span>s acq<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve (202<span class=\"_ _0\"></span>2: \u00a31<span class=\"_ _15\"></span>6<span class=\"_ _0\"></span>.7m<span class=\"_ _3\"></span>). In th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2, a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of \u00a3<span class=\"_ _0\"></span>2.4m w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>so cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>ps ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>cqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d. S<span class=\"_ _0\"></span>ee N<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s 1<span class=\"_ _3\"></span>3 an<span class=\"_ _0\"></span>d 1<span class=\"_ _3\"></span>5. 4. <span class=\"_ _5\"> </span>C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ses p<span class=\"_ _0\"></span>rofes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal fee<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _3\"></span>1.7<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a31<span class=\"_ _15\"></span>.7m<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd \u00a30<span class=\"_ _0\"></span>.2m o<span class=\"_ _0\"></span>f pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t-lin<span class=\"_ _0\"></span>ked e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to d<span class=\"_ _0\"></span>eferr<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _3\"></span>1.0<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>). T<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2 als<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed fi<span class=\"_ _0\"></span>xed<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aff co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3m, o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a30<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1m and re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts of \u00a30<span class=\"_ _0\"></span>.1<span class=\"_ _15\"></span>m r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. <span class=\"_ _5\"> </span>I<span class=\"_ _0\"></span>n the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 31 Marc<span class=\"_ _0\"></span>h 2022, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion wo<span class=\"_ _0\"></span>rk<span class=\"_ _2\"></span>s on prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty ma<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> of th<span class=\"_ _0\"></span>e So<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l Hou<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. 4. Ot<span class=\"_ _0\"></span>her items continued<span class=\"_ _332\"> </span>Ga<span class=\"_ _0\"></span>in on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al<span class=\"_ _332\"> </span>In th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2022<span class=\"_ _0\"></span>, a ne<span class=\"_ _0\"></span>t gai<span class=\"_ _0\"></span>n on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>3.<span class=\"_ _0\"></span>0m w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms, co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g a net g<span class=\"_ _0\"></span>ain of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0m i<span class=\"_ _0\"></span>n rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to the d<span class=\"_ _0\"></span>ispo<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of the D<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>ent M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and a n<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>ss on d<span class=\"_ _0\"></span>ispo<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of \u00a33.<span class=\"_ _0\"></span>0m in r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he No<span class=\"_ _0\"></span>rdic<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Poland o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Se<span class=\"_ _0\"></span>e Note 5 for fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls.<span class=\"_ _332\"> </span>Other exc<span class=\"_ _3\"></span>eptional items<span class=\"_ _332\"> </span>2023<span class=\"_ _7f\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Continuing operatio<span class=\"_ _0\"></span>ns and tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Set<span class=\"_ _0\"></span>tlement o<span class=\"_ _3\"></span>f contractual disputes<span class=\"_ _22c\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">9.8<span class=\"_ _332\"> </span></span></span>Digit<span class=\"_ _0\"></span>al supplier platf<span class=\"_ _3\"></span>orm<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(3.4)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(4.4)<span class=\"_ _332\"> </span></span>Other exc<span class=\"_ _3\"></span>eptional items<span class=\"_ _22d\"> </span><span class=\"ff89 ls4 ws0\">(3.4)<span class=\"_ _153\"> </span><span class=\"ff88\">5.4<span class=\"_ _332\"> </span></span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _22e\"> </span><span class=\"ff89 ls4 ws0\">0.6<span class=\"_ _153\"> </span><span class=\"ff88\">(1.0)<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r exce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s net o<span class=\"_ _0\"></span>f ta<span class=\"_ _2\"></span>xatio<span class=\"_ _0\"></span>n<span class=\"_ _22f\"> </span><span class=\"ff89 ls4\">(2.8)<span class=\"_ _153\"> </span><span class=\"ff88\">4.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>3.4m (202<span class=\"_ _0\"></span>2: \u00a34.4m<span class=\"_ _3\"></span>) in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f a new d<span class=\"_ _0\"></span>igi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>r pla<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g in a s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>p cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s su<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ain m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise fi<span class=\"_ _0\"></span>xed<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aff cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>2.4<span class=\"_ _0\"></span>m (2022<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2m) and th<span class=\"_ _0\"></span>ird<span class=\"_ _0\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ty im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _3\"></span>1.0<span class=\"_ _0\"></span>m (2022<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2m)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich is t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>n na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e, is<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2024. Cu<span class=\"_ _0\"></span>mul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>.8<span class=\"_ _0\"></span>m have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s sin<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>ts l<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>nch i<span class=\"_ _0\"></span>n 2022<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. Discont<span class=\"_ _3\"></span>inued oper<span class=\"_ _0\"></span>ations an<span class=\"_ _3\"></span>d disposal of subsidiaries<span class=\"_ _332\"> </span>Dis<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s and d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>22<span class=\"_ _332\"> </span>On 1 J<span class=\"_ _0\"></span>une 202<span class=\"_ _15\"></span>1, the Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>le of Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>org<span class=\"_ _0\"></span>e AS<span class=\"_ _0\"></span>, Mi<span class=\"_ _0\"></span>tie Sve<span class=\"_ _0\"></span>rige A<span class=\"_ _0\"></span>B and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie Polsk<span class=\"_ _0\"></span>a Sp z<span class=\"_ _0\"></span>.o.o. (toge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e Nord<span class=\"_ _0\"></span>ics a<span class=\"_ _0\"></span>nd Pola<span class=\"_ _0\"></span>nd ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _3\"></span>). On 30 S<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>le of Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s Ser<span class=\"_ _2\"></span>vices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted an<span class=\"_ _0\"></span>d Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s Ser<span class=\"_ _2\"></span>vices UK L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted (tog<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>, the D<span class=\"_ _0\"></span>ocu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>). The re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he No<span class=\"_ _0\"></span>rdic<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Poland o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he Do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ent M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s were cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s disco<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2022<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a ne<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of \u00a3<span class=\"_ _0\"></span>3.0<span class=\"_ _0\"></span>m in re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion to t<span class=\"_ _0\"></span>he disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of th<span class=\"_ _0\"></span>e Nord<span class=\"_ _0\"></span>ics a<span class=\"_ _0\"></span>nd Pola<span class=\"_ _0\"></span>nd op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd a ne<span class=\"_ _0\"></span>t ga<span class=\"_ _0\"></span>in on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0m<span class=\"_ _0\"></span> in rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of the D<span class=\"_ _0\"></span>ocu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Nordics and <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Pol<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Document Management <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Social Housing <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tal considera<span class=\"_ _0\"></span>tion<span class=\"_ _230\"> </span><span class=\"ls4 ws0\">0.3<span class=\"_ _80\"> </span>36.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d2\"> </span>37.0<span class=\"_ _332\"> </span></span>Net asse<span class=\"_ _0\"></span>ts disposed<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(2.9)<span class=\"_ _a2\"> </span>(19.7)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _1c7\"> </span>(22.6)<span class=\"_ _332\"> </span>Rec<span class=\"_ _0\"></span>ycling of forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge l<span class=\"_ _0\"></span>oss in r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ves<span class=\"_ _231\"> </span><span class=\"ls4\">(0.3)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _87\"> </span>(0.3)<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>rans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s<span class=\"_ _1f1\"> </span><span class=\"ls4 ws0\">(0.1)<span class=\"_ _150\"> </span>(1.0)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _59\"> </span>(1.1)<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t (lo<span class=\"_ _0\"></span>ss)/gain o<span class=\"_ _0\"></span>n dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f dis<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s as r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms <span class=\"_ _9\"></span><span class=\"ls4\"> </span>(see No<span class=\"_ _0\"></span>te 4)<span class=\"_ _232\"> </span><span class=\"ff88 ls4\">(3.0)<span class=\"_ _9d\"> </span>16.0<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d2\"> </span>13.0<span class=\"_ _332\"> </span></span>Profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _233\"> </span><span class=\"ls4\">0.1<span class=\"_ _84\"> </span>2.9<span class=\"_ _60\"> </span>\u2013<span class=\"_ _1a5\"> </span>3.0<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems (see Note 4)<span class=\"_ _130\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _332\"> </span></span>Profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _234\"> </span><span class=\"ls4\">0.1<span class=\"_ _84\"> </span>2.9<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _1a5\"> </span>7.0<span class=\"_ _332\"> </span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _235\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _87\"> </span>(0.6)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(0.6)<span class=\"_ _332\"> </span></span>Pro<span class=\"_ _0\"></span>fit fo<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _2\"></span>x<span class=\"_ _12d\"> </span><span class=\"ff88 ls4\">0.1<span class=\"_ _1a5\"> </span>2.3<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _1a5\"> </span>6.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l (los<span class=\"_ _0\"></span>s)/profit f<span class=\"_ _0\"></span>or th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _1a2\"> </span><span class=\"ff88 ls4\">(2.9)<span class=\"_ _9d\"> </span>18.3<span class=\"_ _1a5\"> </span>4.0<span class=\"_ _80\"> </span>19.4<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>N<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he N<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Pola<span class=\"_ _0\"></span>nd op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill of \u00a31<span class=\"_ _3\"></span>.4m an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces of \u00a31<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m. N<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>4.4m a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nces o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>6m<span class=\"_ _0\"></span>. Ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows fro<span class=\"_ _0\"></span>m di<span class=\"_ _0\"></span>scon<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Nordics and <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Pol<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Document Management <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh consideration<span class=\"_ _1b4\"> </span><span class=\"ls4 ws0\">0.3<span class=\"_ _80\"> </span>36.7<span class=\"_ _d2\"> </span>37.0<span class=\"_ _332\"> </span></span>Cash disposed<span class=\"_ _a4\"> </span><span class=\"ws0\"> (1.5)<span class=\"_ _e6\"> </span>(4.6)<span class=\"_ _58\"> </span>(6.1)<span class=\"_ _332\"> </span></span>Ca<span class=\"_ _0\"></span>sh t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _236\"> </span><span class=\"ls4\">\u2013<span class=\"_ _87\"> </span>(1.0)<span class=\"_ _e6\"> </span>(1.0)<span class=\"_ _332\"> </span></span>Dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>roce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s ne<span class=\"_ _0\"></span>t of ca<span class=\"_ _0\"></span>sh d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts<span class=\"_ _b3\"> </span><span class=\"ff88 ls4\">(1.2)<span class=\"_ _1c7\"> </span>31.1<span class=\"_ _80\"> </span>29.9<span class=\"_ _332\"> </span></span>6.<span class=\"_ _0\"></span> Ope<span class=\"_ _0\"></span>rating<span class=\"_ _0\"></span> profit<span class=\"_ _332\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es the follow<span class=\"_ _0\"></span>ing ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>/(income)<span class=\"_ _3\"></span>:<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (Not<span class=\"_ _0\"></span>e 1<span class=\"_ _15\"></span>4 a<span class=\"_ _0\"></span>nd Not<span class=\"_ _0\"></span>e 26<span class=\"_ _3\"></span>)<span class=\"_ _195\"> </span><span class=\"ff89 ls4\">43.1<span class=\"_ _d2\"> </span><span class=\"ff88\">41.6<span class=\"_ _332\"> </span></span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _0\"></span>ion of ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _15\"></span>3)<span class=\"_ _1e9\"> </span><span class=\"ff89 ls4\">29.2<span class=\"_ _80\"> </span><span class=\"ff88\">27.2<span class=\"_ _332\"> </span></span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tisat<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (No<span class=\"_ _0\"></span>te 1<span class=\"_ _15\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _237\"> </span><span class=\"ff89 ls4\">1.3<span class=\"_ _84\"> </span><span class=\"ff88\">1.7<span class=\"_ _332\"> </span></span></span>Impairment o<span class=\"_ _3\"></span>f right<span class=\"_ _3\"></span>-of-use<span class=\"_ _3\"></span> asset<span class=\"_ _0\"></span>s (Not<span class=\"_ _3\"></span>e 26<span class=\"_ _15\"></span>)<span class=\"_ _238\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _84\"> </span><span class=\"ff88\">0.2<span class=\"_ _332\"> </span></span></span>Impairment o<span class=\"_ _3\"></span>f other intangible<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>ssets (Note<span class=\"_ _3\"></span> 1<span class=\"_ _15\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _239\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _84\"> </span><span class=\"ff88\">3.5<span class=\"_ _332\"> </span></span></span>Loss o<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t <span class=\"_ _234\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _1a5\"> </span><span class=\"ff88\">0.5<span class=\"_ _332\"> </span></span></span>Ga<span class=\"_ _0\"></span>in on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es (No<span class=\"_ _0\"></span>te 5)<span class=\"_ _1bb\"> </span><span class=\"ff89 ls4\">\u2013 <span class=\"_ _160\"> </span><span class=\"ff88\">(13.0)<span class=\"_ _332\"> </span></span></span>Impairment loss<span class=\"_ _3\"></span> recognised<span class=\"_ _3\"></span> on trade rec<span class=\"_ _3\"></span>eivables (Note 25<span class=\"_ _3\"></span>)<span class=\"_ _23a\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _84\"> </span><span class=\"ff88\">1.5<span class=\"_ _332\"> </span></span></span>Impairment loss<span class=\"_ _3\"></span> recognised<span class=\"_ _3\"></span> on accrued<span class=\"_ _3\"></span> income (Not<span class=\"_ _3\"></span>e 25)<span class=\"_ _23b\"> </span><span class=\"ff89 ls4 ws0\">1.5<span class=\"_ _84\"> </span><span class=\"ff88\">0.6 </span></span>Rev<span class=\"_ _3\"></span>ers<span class=\"_ _0\"></span>al o<span class=\"_ _3\"></span>f impairment on ac<span class=\"_ _3\"></span>crued income<span class=\"_ _3\"></span> (Note 25<span class=\"_ _3\"></span>)<span class=\"_ _23c\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">(1.3)<span class=\"_ _332\"> </span></span></span>A de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>iled a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is of audi<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r\u2019s remun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3\u201900<span class=\"_ _0\"></span>0<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3\u2019<span class=\"_ _3\"></span>000<span class=\"_ _332\"> </span>Fees p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s audi<span class=\"_ _0\"></span>tor for th<span class=\"_ _0\"></span>e audi<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s annu<span class=\"_ _0\"></span>al acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s <span class=\"_ _23d\"> </span><span class=\"ff89 ls4\">299<span class=\"_ _87\"> </span><span class=\"ff88\">252<span class=\"_ _332\"> </span></span></span>Fees p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s audi<span class=\"_ _0\"></span>tor a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s for the aud<span class=\"_ _0\"></span>it of t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s subsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s pur<span class=\"_ _0\"></span>sua<span class=\"_ _0\"></span>nt <span class=\"ls4\"> </span>to leg<span class=\"_ _0\"></span>isla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 curr<span class=\"_ _0\"></span>ent ye<span class=\"_ _0\"></span>ar<span class=\"_ _23e\"> </span><span class=\"ff89 ls4\">3,475<span class=\"_ _3a\"> </span><span class=\"ff88\">2,933<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l audi<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>es \u2013 cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt ye<span class=\"_ _0\"></span>ar<span class=\"_ _1f8\"> </span><span class=\"ff89 ls4\">3,774<span class=\"_ _3a\"> </span><span class=\"ff88\">3,185<span class=\"_ _332\"> </span></span></span>Fees p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s audi<span class=\"_ _0\"></span>tor a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s for the aud<span class=\"_ _0\"></span>it of t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s subsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s pur<span class=\"_ _0\"></span>sua<span class=\"_ _0\"></span>nt <span class=\"ls4\"> </span>to leg<span class=\"_ _0\"></span>isla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 prio<span class=\"_ _0\"></span>r yea<span class=\"_ _0\"></span>r<span class=\"_ _23f\"> </span><span class=\"ff89 ls4\">563<span class=\"_ _87\"> </span><span class=\"ff88\">115<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l audi<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>es<span class=\"_ _13a\"> </span><span class=\"ff89 ls4\">4,337<span class=\"_ _6a\"> </span><span class=\"ff88\">3,300<span class=\"_ _332\"> </span></span></span>Audi<span class=\"_ _0\"></span>t-rela<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up (i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>im rev<span class=\"_ _0\"></span>iew)<span class=\"_ _240\"> </span><span class=\"ff89 ls4\">195<span class=\"_ _87\"> </span><span class=\"ff88\">175<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices<span class=\"_ _178\"> </span><span class=\"ff89 ls4 ws0\">11<span class=\"_ _60\"> </span><span class=\"ff88\">9<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>otal<span class=\"_ _3\"></span> non-au<span class=\"_ _3\"></span>dit<span class=\"_ _3\"></span> fees<span class=\"_ _241\"> </span><span class=\"ff89 ls4 ws0\">206<span class=\"_ _87\"> </span><span class=\"ff88\">184<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">4,543<span class=\"_ _3a\"> </span><span class=\"ff88\">3,484<span class=\"_ _332\"> </span></span></span>7.<span class=\"_ _2\"></span> E<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _4\"></span>o<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _4\"></span>s<span class=\"_ _332\"> </span>The ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of peo<span class=\"_ _0\"></span>ple e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l yea<span class=\"_ _0\"></span>r wa<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span>Number of<span class=\"_ _3\"></span> people<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>2023<span class=\"_ _d2\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _242\"> </span><span class=\"ff89 ls4 ws0\">9,540<span class=\"_ _3a\"> </span><span class=\"ff88\">8,668<span class=\"_ _332\"> </span></span></span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _185\"> </span><span class=\"ff89 ls4 ws0\">30,747<span class=\"_ _7c\"> </span><span class=\"ff88\">38,501<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _243\"> </span><span class=\"ff89 ls4 ws0\">5,452<span class=\"_ _3a\"> </span><span class=\"ff88\">4,858<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _244\"> </span><span class=\"ff89 ls4 ws0\">7,760<span class=\"_ _3a\"> </span><span class=\"ff88\">7,714<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _18c\"> </span><span class=\"ff89 ls4 ws0\">7,688<span class=\"_ _3a\"> </span><span class=\"ff88\">7,531<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _245\"> </span><span class=\"ff89 ls4\">2,555<span class=\"_ _6a\"> </span><span class=\"ff88\">2,190<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _246\"> </span><span class=\"ff89 ls4 ws0\">827<span class=\"_ _7d\"> </span><span class=\"ff88\">730<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _247\"> </span><span class=\"ff89 ls4 ws0\">230<span class=\"_ _7d\"> </span><span class=\"ff88\">260<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _248\"> </span><span class=\"ff89 ls4 ws0\">4,076<span class=\"_ _6a\"> </span><span class=\"ff88\">4,351<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _249\"> </span><span class=\"ff89 ls4 ws0\">133<span class=\"_ _87\"> </span><span class=\"ff88\">130<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _14c\"> </span><span class=\"ff89 ws0\">61,320<span class=\"_ _23\"> </span><span class=\"ff88\">67,402<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _24a\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">17<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _24b\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">659<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _24c\"> </span><span class=\"ff89 ls4 ws0\">\u2013 <span class=\"_ _58\"> </span><span class=\"ff88\">676<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _24a\"> </span><span class=\"ff89 ls4 ws0\">61,320<span class=\"_ _23\"> </span><span class=\"ff88\">68,078<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>Ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>e emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>7<span class=\"_ _6\"></span>. Employ<span class=\"_ _3\"></span>ees continued<span class=\"_ _332\"> </span>The t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s, we<span class=\"_ _0\"></span>re:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Wages an<span class=\"_ _0\"></span>d sa<span class=\"_ _0\"></span>lar<span class=\"_ _0\"></span>ies<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>1,776.0<span class=\"_ _bb\"> </span><span class=\"ff88\">1,928.4<span class=\"_ _332\"> </span></span>Social sec<span class=\"_ _3\"></span>urit<span class=\"_ _0\"></span>y costs<span class=\"_ _24d\"> </span><span class=\"ff89 ls4 ws0\">163.5<span class=\"_ _3a\"> </span><span class=\"ff88\">143.7<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>ther pension cost<span class=\"_ _0\"></span>s<span class=\"_ _241\"> </span><span class=\"ff89 ls4 ws0\">39.1<span class=\"_ _80\"> </span><span class=\"ff88\">40.8<span class=\"_ _332\"> </span></span></span>Sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (Not<span class=\"_ _0\"></span>e 3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _1f8\"> </span><span class=\"ff89 ls4\">17.3<span class=\"_ _80\"> </span><span class=\"ff88\">18.6 </span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _24e\"> </span><span class=\"ff89 ls4 ws0\">1,995.9<span class=\"_ _bb\"> </span><span class=\"ff88\">2,131.5<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2, w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ced b<span class=\"_ _0\"></span>y an a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted U<span class=\"_ _0\"></span>K Go<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>nav<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>us Jo<span class=\"_ _0\"></span>b Ret<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. N<span class=\"_ _0\"></span>o Cor<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>avir<span class=\"_ _0\"></span>us J<span class=\"_ _0\"></span>ob R<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts we<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d for the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 31 March 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span>Exec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ive a<span class=\"_ _0\"></span>nd No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>xecut<span class=\"_ _0\"></span>ive D<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tors\u2019 ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>te em<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re sh<span class=\"_ _0\"></span>own b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _181\"> </span><span class=\"ff89 ls4\">3.0<span class=\"_ _84\"> </span><span class=\"ff88\">3.6<span class=\"_ _332\"> </span></span></span>Pensio<span class=\"_ _0\"></span>n and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _1fd\"> </span><span class=\"ff89 ls4\">0.2<span class=\"_ _1a5\"> </span><span class=\"ff88\">0.2<span class=\"_ _332\"> </span></span></span>Share-based payments<span class=\"_ _24f\"> </span><span class=\"ff89 ls4 ws0\">5.6<span class=\"_ _84\"> </span><span class=\"ff88\">5.5<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _250\"> </span><span class=\"ff89 ls4 ws0\">8.8<span class=\"_ _84\"> </span><span class=\"ff88\">9.3<span class=\"_ _332\"> </span></span></span>8. Finance costs and income<span class=\"_ _332\"> </span>Finance costs<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n ban<span class=\"_ _0\"></span>k loa<span class=\"_ _0\"></span>ns<span class=\"_ _251\"> </span><span class=\"ff89 ls4\">2.2<span class=\"_ _84\"> </span><span class=\"ff88\">4.3<span class=\"_ _332\"> </span></span></span>Interest on private<span class=\"_ _3\"></span> placement loan<span class=\"_ _3\"></span> notes<span class=\"_ _252\"> </span><span class=\"ff89 ls4 ws0\">5.9<span class=\"_ _84\"> </span><span class=\"ff88\">6.1<span class=\"_ _332\"> </span></span></span>B<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> fe<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _226\"> </span><span class=\"ff89 ls4 ws0\">1.1<span class=\"_ _84\"> </span><span class=\"ff88\">4.7<span class=\"_ _332\"> </span></span></span>Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n lea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (N<span class=\"_ _0\"></span>ote 26)<span class=\"_ _253\"> </span><span class=\"ff89 ls4\">4.2<span class=\"_ _84\"> </span><span class=\"ff88\">4.0<span class=\"_ _332\"> </span></span></span>Unwi<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of discou<span class=\"_ _0\"></span>nt on p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _254\"> </span><span class=\"ff89 ls4\">0.2<span class=\"_ _60\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t on d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties (<span class=\"_ _0\"></span>Note 32<span class=\"_ _3\"></span>)<span class=\"_ _255\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _84\"> </span><span class=\"ff88\">0.9<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _256\"> </span><span class=\"ff89 ls4 ws0\">13.7<span class=\"_ _80\"> </span><span class=\"ff88\">20.0<span class=\"_ _332\"> </span></span></span>Finance income<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ba<span class=\"_ _0\"></span>nk in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t and t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _24d\"> </span><span class=\"ff89 ls4\">2.2<span class=\"_ _1a5\"> </span><span class=\"ff88\">0.2<span class=\"_ _332\"> </span></span></span>9<span class=\"_ _0\"></span>.<span class=\"_ _4\"></span> Ta<span class=\"_ _4\"></span>x<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>rent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _257\"> </span><span class=\"ff89 ls4\">19.2<span class=\"_ _80\"> </span><span class=\"ff88\">19.4<span class=\"_ _332\"> </span></span></span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (Note 2<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _258\"> </span><span class=\"ff89 ls4\">(4.8)<span class=\"_ _87\"> </span><span class=\"ff88\">2.2<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _178\"> </span><span class=\"ff89 ls4\">14.4<span class=\"_ _332\"> </span></span>21.6<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _24c\"> </span><span class=\"ff89 ls4 ws0\">14.4<span class=\"_ _80\"> </span><span class=\"ff88\">21.0<span class=\"_ _332\"> </span></span></span>Discontinued operatio<span class=\"_ _0\"></span>ns<span class=\"_ _24b\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _84\"> </span><span class=\"ff88\">0.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _178\"> </span><span class=\"ff89 ls4\">14.4<span class=\"_ _80\"> </span><span class=\"ff88\">21.6<span class=\"_ _332\"> </span></span></span>9<span class=\"_ _15\"></span>. T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>x continued<span class=\"_ _332\"> </span>Cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d at 1<span class=\"_ _3\"></span>9% (2022<span class=\"_ _0\"></span>: 1<span class=\"_ _15\"></span>9%<span class=\"_ _0\"></span>) of th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le pro<span class=\"_ _0\"></span>fit for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. A r<span class=\"_ _0\"></span>econ<span class=\"_ _0\"></span>ciliat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x char<span class=\"_ _0\"></span>ge to th<span class=\"_ _0\"></span>e ele<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x per t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is a<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>lows:<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>otal Group 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Be<span class=\"_ _0\"></span>fore <span class=\"_ _15\"></span> Other items <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Other items<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>B<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>ther ite<span class=\"_ _0\"></span>ms <span class=\"_ _3\"></span><span class=\"ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _2a\"> </span><span class=\"ff89 ls4\">150.6<span class=\"_ _5c\"> </span>(45.1)<span class=\"_ _103\"> </span>105.5<span class=\"_ _87\"> </span><span class=\"ff88\">150.1<span class=\"_ _9d\"> </span>(77.8)<span class=\"_ _9d\"> </span>72.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>x at U<span class=\"_ _0\"></span>K ra<span class=\"_ _0\"></span>te of 1<span class=\"_ _15\"></span>9<span class=\"_ _0\"></span>% (2022: 1<span class=\"_ _3\"></span>9%<span class=\"_ _0\"></span>)<span class=\"_ _1a0\"> </span><span class=\"ff89 ls4\">28.6<span class=\"_ _58\"> </span>(8.5)<span class=\"_ _160\"> </span>20.1<span class=\"_ _7f\"> </span><span class=\"ff88\">28.5<span class=\"_ _9d\"> </span>(14.8)<span class=\"_ _9d\"> </span>13.7<span class=\"_ _332\"> </span></span></span>Recon<span class=\"_ _0\"></span>ciling t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>s for:<span class=\"_ _332\"> </span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ges<span class=\"_ _259\"> </span><span class=\"ff89 ls4\">(0.8)<span class=\"_ _80\"> </span>0.3<span class=\"_ _58\"> </span>(0.5)<span class=\"_ _25a\"> </span><span class=\"ff88\"> \u2013<span class=\"_ _84\"> </span>9.0<span class=\"_ _1a5\"> </span>9.0<span class=\"_ _332\"> </span></span></span>Share-based payments<span class=\"_ _138\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _153\"> </span><span class=\"ff88\">(0.6)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(0.6)<span class=\"_ _332\"> </span></span></span>Ga<span class=\"_ _0\"></span>in on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es<span class=\"_ _24\"> </span><span class=\"ff89 ls4\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _87\"> </span>(2.5)<span class=\"_ _e6\"> </span>(2.5)<span class=\"_ _332\"> </span></span></span>Impact of equity acc<span class=\"_ _3\"></span>ounted in<span class=\"_ _3\"></span>ves<span class=\"_ _0\"></span>tments<span class=\"_ _db\"> </span><span class=\"ff89 ls4 ws0\">(1.6)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span>(1.6)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(1.7)<span class=\"_ _87\"> </span>0.5<span class=\"_ _87\"> </span>(1.2)<span class=\"_ _332\"> </span></span></span>(Credit)/<span class=\"_ _3\"></span>cha<span class=\"_ _0\"></span>rge for los<span class=\"_ _0\"></span>ses no<span class=\"_ _0\"></span>t prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly recognised<span class=\"_ _25b\"> </span><span class=\"ff89 ls4 ws0\">(5.3)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span>(5.3)<span class=\"_ _62\"> </span><span class=\"ff88\"> 2.2<span class=\"_ _60\"> </span>\u2013<span class=\"_ _1a5\"> </span>2.2<span class=\"_ _332\"> </span></span></span>Ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>tes<span class=\"_ _25c\"> </span><span class=\"ff89 ls4\">(0.3)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span>(0.3)<span class=\"_ _84\"> </span><span class=\"ff88\">(0.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _87\"> </span>(0.5)<span class=\"_ _332\"> </span></span></span>Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _151\"> </span><span class=\"ff89 ls4\">\u2013 <span class=\"_ _1d6\"> </span>\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _153\"> </span><span class=\"ff88\">(9.0)<span class=\"_ _87\"> </span>8.1<span class=\"_ _87\"> </span>(0.9)<span class=\"_ _332\"> </span></span></span>Prior y<span class=\"_ _3\"></span>ear adjustment<span class=\"_ _0\"></span>s<span class=\"_ _25d\"> </span><span class=\"ff89 ls4 ws0\">2.0<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span>2.0<span class=\"_ _69\"> </span><span class=\"ff88\">0.7<span class=\"_ _1a5\"> </span>1.7<span class=\"_ _1a5\"> </span>2.4<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>ax charge/(<span class=\"_ _15\"></span>credit<span class=\"_ _3\"></span>) for<span class=\"_ _3\"></span> the year<span class=\"_ _25e\"> </span><span class=\"ff89 ls4 ws0\">22.6<span class=\"_ _58\"> </span>(8.2)<span class=\"_ _160\"> </span>14.4<span class=\"_ _7f\"> </span><span class=\"ff88\">19.6<span class=\"_ _1a5\"> </span>2.0<span class=\"_ _80\"> </span>21.6<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>te for the yea<span class=\"_ _0\"></span>r<span class=\"_ _f6\"> </span><span class=\"ff89 ls4\">15.0%<span class=\"_ _23\"> </span>18.2%<span class=\"_ _11b\"> </span>13.6%<span class=\"_ _80\"> </span><span class=\"ff88\">13.1%<span class=\"_ _6a\"> </span>(2.6%)<span class=\"_ _7c\"> </span>29.9%<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>esc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n No<span class=\"_ _0\"></span>te 4. In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion to t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s cha<span class=\"_ _0\"></span>rged t<span class=\"_ _0\"></span>o the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t: (i<span class=\"_ _0\"></span>) a \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r curr<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (2022<span class=\"_ _0\"></span>: \u00a3nil) a<span class=\"_ _0\"></span>nd a \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t for deferred t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (2022: \u00a3<span class=\"_ _0\"></span>3.8<span class=\"_ _0\"></span>m char<span class=\"_ _0\"></span>ge<span class=\"_ _3\"></span>) re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to re<span class=\"_ _0\"></span>mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly t<span class=\"_ _0\"></span>o the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>come; in<span class=\"_ _0\"></span> the p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r yea<span class=\"_ _0\"></span>r a \u00a30.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m cre<span class=\"_ _0\"></span>dit for defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x rel<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g to hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms wa<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>so t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inco<span class=\"_ _0\"></span>me; a<span class=\"_ _0\"></span>nd (ii) a \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m cred<span class=\"_ _0\"></span>it for cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x (<span class=\"_ _0\"></span>2022: \u00a3ni<span class=\"_ _0\"></span>l) an<span class=\"_ _0\"></span>d a \u00a3<span class=\"_ _3\"></span>4.9m credi<span class=\"_ _0\"></span>t for deferred t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (2022<span class=\"_ _0\"></span>: \u00a30.2<span class=\"_ _0\"></span>m char<span class=\"_ _0\"></span>ge<span class=\"_ _3\"></span>) re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns have b<span class=\"_ _0\"></span>een t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>The U<span class=\"_ _0\"></span>K cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>ill inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se from 1<span class=\"_ _3\"></span>9% to 2<span class=\"_ _0\"></span>5% f<span class=\"_ _3\"></span>ro<span class=\"_ _0\"></span>m 1 Apr<span class=\"_ _0\"></span>il 2023. Th<span class=\"_ _0\"></span>is cha<span class=\"_ _0\"></span>nge ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te and i<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>refore incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>to the a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ined i<span class=\"_ _0\"></span>n this r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>1<span class=\"_ _15\"></span>0. Dividends<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> Pen<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Penc<span class=\"_ _3\"></span>e per share<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in th<span class=\"_ _0\"></span>e year<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Fina<span class=\"_ _0\"></span>l div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd for the p<span class=\"_ _0\"></span>rior y<span class=\"_ _0\"></span>ear<span class=\"_ _25f\"> </span><span class=\"ff89 ls4\">1.4<span class=\"_ _6b\"> </span>19.5<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>Interim<span class=\"_ _3\"></span> dividend f<span class=\"_ _15\"></span>or the current<span class=\"_ _3\"></span> year<span class=\"_ _260\"> </span><span class=\"ff89 ls4 ws0\">0.7<span class=\"_ _66\"> </span>9.4<span class=\"_ _69\"> </span><span class=\"ff88\">0.4<span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span></span>2.1<span class=\"_ _6b\"> </span>28.9<span class=\"_ _60\"> </span><span class=\"ff88\"><span>0.4</span><span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span>Proposed<span class=\"_ _3\"></span> final dividend<span class=\"_ _3\"></span> f<span class=\"_ _3\"></span>or the year<span class=\"_ _3\"></span> ended 3<span class=\"_ _6\"></span>1 March<span class=\"_ _1cc\"> </span><span class=\"ff89 ls4 ws0\">2.2<span class=\"_ _6b\"> </span>28.7<span class=\"_ _60\"> </span><span class=\"ff88\">1.4<span class=\"_ _80\"> </span>19.5<span class=\"_ _332\"> </span></span></span>Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in th<span class=\"_ _0\"></span>e year i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch they a<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>id. S<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oval a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Ann<span class=\"_ _0\"></span>ual G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng on 2<span class=\"_ _0\"></span>5 Jul<span class=\"_ _0\"></span>y 2023, the fin<span class=\"_ _0\"></span>al div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd for the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 wil<span class=\"_ _0\"></span>l be pa<span class=\"_ _0\"></span>id on 4 Au<span class=\"_ _0\"></span>gus<span class=\"_ _0\"></span>t 2023 to h<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>egis<span class=\"_ _2\"></span>ter on 23 J<span class=\"_ _0\"></span>une 2023. T<span class=\"_ _0\"></span>he ord<span class=\"_ _0\"></span>inar<span class=\"_ _2\"></span>y shares w<span class=\"_ _0\"></span>ill be q<span class=\"_ _0\"></span>uote<span class=\"_ _0\"></span>d ex-di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d on 22 J<span class=\"_ _0\"></span>une 2023.<span class=\"_ _332\"> </span>1<span class=\"_ _9\"></span>1<span class=\"_ _15\"></span>. Ear<span class=\"_ _0\"></span>nings per share<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c and d<span class=\"_ _0\"></span>ilu<span class=\"_ _0\"></span>ted EP<span class=\"_ _0\"></span>S is ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the follow<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a:<span class=\"_ _332\"> </span>2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>continuing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>discontinued <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Ne<span class=\"_ _0\"></span>t profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble to ow<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e par<span class=\"_ _0\"></span>ent<span class=\"_ _1a0\"> </span><span class=\"ff89 ls4\">128.0<span class=\"_ _87\"> </span><span class=\"ff88\">128.1<span class=\"_ _1a5\"> </span>2.4<span class=\"_ _3a\"> </span>130.5<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems n<span class=\"_ _0\"></span>et of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(36.9)<span class=\"_ _80\"> </span><span class=\"ff88\">(96.8)<span class=\"_ _1c7\"> </span>17.0<span class=\"_ _9d\"> </span>(79.8)<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t pro<span class=\"_ _0\"></span>fit at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble t<span class=\"_ _0\"></span>o own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t<span class=\"_ _97\"> </span><span class=\"ff89 ls4\">91.1<span class=\"_ _11a\"> </span><span class=\"ff88\">31.3<span class=\"_ _d2\"> </span>19.4<span class=\"_ _80\"> </span>50.7<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>million 2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>million<span class=\"_ _332\"> </span>W<span class=\"_ _3\"></span>ei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res for the p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>pose of b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ic EPS<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>1,348.4<span class=\"_ _bb\"> </span><span class=\"ff88\">1,395.4<span class=\"_ _332\"> </span></span>Effect of dilutive potential ordinary shares<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>132.9<span class=\"_ _3a\"> </span><span class=\"ff88\">143.2<span class=\"_ _332\"> </span></span>W<span class=\"_ _3\"></span>ei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res for the p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>pose of d<span class=\"_ _0\"></span>ilu<span class=\"_ _0\"></span>ted EP<span class=\"_ _0\"></span>S<span class=\"_ _332\"> </span>1,<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span>1,481.3<span class=\"_ _bb\"> </span><span class=\"ff88\">1,538.6<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of o<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s in is<span class=\"_ _0\"></span>sue d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>xclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s tho<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d for in th<span class=\"_ _0\"></span>e Ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>res r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te to i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t cou<span class=\"_ _0\"></span>ld po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y dil<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s per s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re in t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed pa<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he dil<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>pe<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ses t<span class=\"_ _0\"></span>he we<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es ad<span class=\"_ _0\"></span>jus<span class=\"_ _2\"></span>ted for pot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly d<span class=\"_ _0\"></span>ilu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e effec<span class=\"_ _2\"></span>t of incre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g the e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ngs p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>. 2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>and total<span class=\"_ _3\"></span> Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>pence per share<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>continuing operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>pence<span class=\"_ _3\"></span> per share<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>discontinued <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>pence<span class=\"_ _3\"></span> per share<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>Grou<span class=\"_ _0\"></span>p <span class=\"_ _3\"></span> pence<span class=\"_ _3\"></span> per share<span class=\"_ _332\"> </span>Ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>9.5<span class=\"_ _60\"> </span><span class=\"ff88\">9.2<span class=\"_ _84\"> </span>0.2<span class=\"_ _1a5\"> </span>9.4<span class=\"_ _332\"> </span></span>Ba<span class=\"_ _0\"></span>sic earning<span class=\"_ _0\"></span>s<span class=\"_ _1dd\"> </span><span class=\"ff89 ls4 ws0\">6.8<span class=\"_ _60\"> </span><span class=\"ff88\">2.2<span class=\"_ _84\"> </span>1.4<span class=\"_ _1a5\"> </span>3.6<span class=\"_ _332\"> </span></span></span>Dilu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>8.6<span class=\"_ _60\"> </span><span class=\"ff88\">8.3<span class=\"_ _84\"> </span>0.2<span class=\"_ _1a5\"> </span>8.5<span class=\"_ _332\"> </span></span>Dilu<span class=\"_ _0\"></span>ted ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs<span class=\"_ _261\"> </span><span class=\"ff89 ls4 ws0\">6.2<span class=\"_ _60\"> </span><span class=\"ff88\">2.0<span class=\"_ _84\"> </span>1.3<span class=\"_ _1a5\"> </span>3.3<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>1<span class=\"_ _6\"></span>2<span class=\"_ _2\"></span>. Goodwill<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cost<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _262\"> </span><span class=\"ff89 ls4\">327.3<span class=\"_ _332\"> </span></span>Arising on business combinations<span class=\"_ _263\"> </span><span class=\"ff89 ls4 ws0\">22.3<span class=\"_ _332\"> </span></span>Disposal of businesses<span class=\"_ _264\"> </span><span class=\"ff89 ws0\">(15.8)<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">333.8<span class=\"_ _332\"> </span></span>Arising on business combinations<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>11.0<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">344.8<span class=\"_ _332\"> </span></span>Accumulated impairment losses<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _267\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _268\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _269\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">312.3<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">301.3<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d P2M<span class=\"_ _0\"></span>L, 8<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>8 and C<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023. R<span class=\"_ _0\"></span>efer to No<span class=\"_ _0\"></span>te 30<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>so in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>esu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> in in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses of \u00a3<span class=\"_ _0\"></span>0.4m a<span class=\"_ _0\"></span>nd \u00a30.1<span class=\"_ _3\"></span>m to t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he DAEL an<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>iote<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly. Goodw<span class=\"_ _0\"></span>ill impairment tes<span class=\"_ _0\"></span>ting<span class=\"_ _332\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d in a bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span>, at a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, to the CGUs t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t from tha<span class=\"_ _0\"></span>t bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s comb<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. <span class=\"ls4\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nnua<span class=\"_ _0\"></span>lly for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or m<span class=\"_ _0\"></span>ore freq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly i<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span>re are i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill may be i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>A sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d the d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows: Pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax <span class=\"_ _3\"></span> discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>Goodw<span class=\"_ _0\"></span>ill <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Goo<span class=\"_ _0\"></span>dwill  2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1a9\"> </span><span class=\"ff89 ls4 ws0\">12.3%<span class=\"_ _164\"> </span>116.8<span class=\"_ _3a\"> </span><span class=\"ff88\">105.9<span class=\"_ _332\"> </span></span></span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1e2\"> </span><span class=\"ff89 ls4 ws0\">14.7%<span class=\"_ _cf\"> </span>105.1<span class=\"_ _3a\"> </span><span class=\"ff88\">105.1<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _22c\"> </span><span class=\"ff89 ls4 ws0\">13.8%<span class=\"_ _6b\"> </span>81.0<span class=\"_ _d2\"> </span><span class=\"ff88\">81.0<span class=\"_ _332\"> </span></span></span>Land<span class=\"_ _0\"></span>scapes<span class=\"_ _1ad\"> </span><span class=\"ff89\">12.8%<span class=\"_ _66\"> </span>6.7<span class=\"_ _84\"> </span></span>6.6<span class=\"_ _332\"> </span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _1b5\"> </span><span class=\"ff89 ls4 ws0\">13.2%<span class=\"_ _102\"> </span>2.7<span class=\"_ _1a5\"> </span><span class=\"ff88\">2.7<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _26a\"> </span><span class=\"ff89 ls4 ws0\">312.3<span class=\"_ _3a\"> </span><span class=\"ff88\">301.3<span class=\"_ _332\"> </span></span></span>Ke<span class=\"_ _3\"></span>y assumptions<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>or e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>in-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich is d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span>in va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-i<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>use c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re tho<span class=\"_ _0\"></span>se reg<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ding forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th rate<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d discou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. Foreca<span class=\"_ _0\"></span>st oper<span class=\"_ _0\"></span>ating profits For all CGU<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w proje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ecen<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ding 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4 an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic pl<span class=\"_ _0\"></span>an to 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 202<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>. Fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t cos<span class=\"_ _2\"></span>ts are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons of fu<span class=\"_ _0\"></span>ture ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el an<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on.<span class=\"_ _332\"> </span>Grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ues<span class=\"_ _332\"> </span>Med<span class=\"_ _0\"></span>ium<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m reve<span class=\"_ _0\"></span>nue gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-in<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of ea<span class=\"_ _0\"></span>ch CGU refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt\u2019s s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>y for a per<span class=\"_ _0\"></span>iod of fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. T<span class=\"_ _15\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s were d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ned u<span class=\"_ _0\"></span>sing a lo<span class=\"_ _0\"></span>ng-te<span class=\"_ _0\"></span>rm g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion of 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (2022: 2<span class=\"_ _0\"></span>.0%<span class=\"_ _0\"></span>).<span class=\"_ _332\"> </span>Discount rates<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-ta<span class=\"_ _0\"></span>x d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from CGUs a<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s pos<span class=\"_ _0\"></span>t-ta<span class=\"_ _0\"></span>x wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age cos<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s 9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>8% a<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e tim<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>roup\u2019s ann<span class=\"_ _0\"></span>ual im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>eview (<span class=\"_ _0\"></span>2022: 7<span class=\"_ _15\"></span>.8<span class=\"_ _0\"></span>%). Th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>lly by ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l ad<span class=\"_ _0\"></span>vis<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed for the ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s spe<span class=\"_ _0\"></span>cific to t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the CGU op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ll CGUs have t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ccess to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s trea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ing lin<span class=\"_ _0\"></span>es to fund t<span class=\"_ _0\"></span>heir o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Sensitivity analysis<span class=\"_ _332\"> </span>A sens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysis h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at no r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foresee<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le cha<span class=\"_ _0\"></span>nge in t<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t in <span class=\"ls4\"> </span>an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill of any of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s C<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>Us.<span class=\"_ _0\"></span> 1<span class=\"_ _6\"></span>3. O<span class=\"_ _0\"></span>ther intangible assets<span class=\"_ _332\"> </span>Acquisition related<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>acquisition <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>related<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m Software and<span class=\"_ _3\"></span> develop<span class=\"_ _0\"></span>ment expenditure <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cus<span class=\"_ _0\"></span>tomer contracts and relationships <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>Cost<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _26b\"> </span><span class=\"ls4\">321.1<span class=\"_ _80\"> </span>14.3<span class=\"_ _f4\"> </span><span class=\"ff89\">335.4<span class=\"_ _80\"> </span></span>61.9<span class=\"_ _164\"> </span><span class=\"ff89\">397.3<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _26c\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _80\"> </span></span>20.2<span class=\"_ _21a\"> </span><span class=\"ff89\">20.2<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _26d\"> </span><span class=\"ls4 ws0\">8.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.4<span class=\"_ _60\"> </span></span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.4<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(8.8)<span class=\"_ _3a\"> </span><span class=\"ff89\">(8.8)<span class=\"_ _332\"> </span></span></span>Reclassific<span class=\"_ _0\"></span>ations<span class=\"_ _26f\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _87\"> </span>(3.4)<span class=\"_ _3a\"> </span><span class=\"ff89\">(3.4)<span class=\"_ _59\"> </span></span>3.4<span class=\"_ _1d6\"> </span><span class=\"ff89\"> \u2013<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">329.5<span class=\"_ _d2\"> </span>10.9<span class=\"_ _164\"> </span><span class=\"ff89\">340.4<span class=\"_ _80\"> </span></span>76.8<span class=\"_ _164\"> </span><span class=\"ff89\">417.2<span class=\"_ _332\"> </span></span></span>Additions <span class=\"_ _270\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _80\"> </span></span>14.3<span class=\"_ _21a\"> </span><span class=\"ff89\">14.3<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _26d\"> </span><span class=\"ls4 ws0\">8.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.7<span class=\"_ _60\"> </span></span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.7<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(0.3)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">338.2<span class=\"_ _d2\"> </span>10.9<span class=\"_ _164\"> </span><span class=\"ff89\">349.1<span class=\"_ _d2\"> </span></span>90.8<span class=\"_ _cf\"> </span><span class=\"ff89\">439.9<span class=\"_ _332\"> </span></span></span>Amor<span class=\"_ _0\"></span>tisation and<span class=\"_ _3\"></span> impairme<span class=\"_ _0\"></span>nt<span class=\"_ _271\"> </span><span class=\"ff88 ls4 ws0\"> <span class=\"_ _b7\"> </span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> <span class=\"_ _b7\"> </span></span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> </span></span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _133\"> </span><span class=\"ls4\">94.5<span class=\"_ _d2\"> </span>10.6<span class=\"_ _164\"> </span><span class=\"ff89\">105.1<span class=\"_ _80\"> </span></span>31.2<span class=\"_ _f4\"> </span><span class=\"ff89\">136.3<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _b6\"> </span><span class=\"ls4\">19.4<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _6b\"> </span><span class=\"ff89\">19.5<span class=\"_ _1a5\"> </span></span>7.7<span class=\"_ _21a\"> </span><span class=\"ff89\">27.2<span class=\"_ _332\"> </span></span></span>Impairments<span class=\"_ _14e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _84\"> </span></span>3.5<span class=\"_ _66\"> </span><span class=\"ff89\">3.5<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(8.8)<span class=\"_ _3a\"> </span><span class=\"ff89\">(8.8)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">113.9<span class=\"_ _d2\"> </span>10.7<span class=\"_ _164\"> </span><span class=\"ff89\">124.6<span class=\"_ _80\"> </span></span>33.7<span class=\"_ _164\"> </span><span class=\"ff89\">158.3<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _b6\"> </span><span class=\"ls4\">21.3<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _6b\"> </span><span class=\"ff89\">21.4<span class=\"_ _1a5\"> </span></span>7.8<span class=\"_ _21a\"> </span><span class=\"ff89\">29.2<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(0.3)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">135.2<span class=\"_ _d2\"> </span>10.8<span class=\"_ _164\"> </span><span class=\"ff89\">146.0<span class=\"_ _d2\"> </span></span>41.3<span class=\"_ _cf\"> </span><span class=\"ff89\">187.3<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _272\"> </span><span class=\"ff88 ls4\"> <span class=\"_ _b7\"> </span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> <span class=\"_ _b7\"> </span></span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> </span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">203.0<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _f4\"> </span><span class=\"ff89\">203.1<span class=\"_ _80\"> </span></span>49.5<span class=\"_ _164\"> </span><span class=\"ff89\">252.6<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">215.6<span class=\"_ _1a5\"> </span>0.2<span class=\"_ _164\"> </span><span class=\"ff89\">215.8<span class=\"_ _d2\"> </span></span>43.1<span class=\"_ _164\"> </span><span class=\"ff89\">258.9<span class=\"_ _332\"> </span></span></span>Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir us<span class=\"_ _0\"></span>eful lives ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of time ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>ey are a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted to ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hese cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>nge ove<span class=\"_ _0\"></span>r an ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge of eigh<span class=\"_ _0\"></span>t yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>nd tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised over t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r useful live<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>nge fro<span class=\"_ _0\"></span>m thre<span class=\"_ _0\"></span>e to ten ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Follow<span class=\"_ _0\"></span>ing a rev<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt of in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, n<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>een i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifie<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d no imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 (<span class=\"_ _0\"></span>2022: \u00a33.<span class=\"_ _2\"></span>5m<span class=\"_ _15\"></span>)<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span>1<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>. Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _15\"></span>, pl<span class=\"_ _0\"></span>ant and equipment<span class=\"_ _332\"> </span>Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, plant and equipment c<span class=\"_ _3\"></span>omp<span class=\"_ _0\"></span>rise owned and leased asset<span class=\"_ _0\"></span>s. 2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Owned proper<span class=\"_ _0\"></span>ty<span class=\"_ _3\"></span>, plant and equ<span class=\"_ _3\"></span>ipment <span class=\"_ _17d\"> </span><span class=\"ff89 ls4 ws0\">33.1<span class=\"_ _d2\"> </span><span class=\"ff88\">29.9<span class=\"_ _332\"> </span></span></span>Rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (N<span class=\"_ _0\"></span>ote 26<span class=\"_ _3\"></span>)<span class=\"_ _1c3\"> </span><span class=\"ff89 ls4\">123.8<span class=\"_ _3a\"> </span><span class=\"ff88\">114.0<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">156.9<span class=\"_ _3a\"> </span><span class=\"ff88\">143.9<span class=\"_ _332\"> </span></span></span>The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>elow re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to own<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Land and <span class=\"ls4 ws0\"> </span>building<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Plant<span class=\"_ _3\"></span> and <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>vehicle<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cost<span class=\"_ _273\"> </span><span class=\"ff89 ls4 ws0\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _16d\"> </span><span class=\"ls4\">11.7<span class=\"_ _d2\"> </span>57.5<span class=\"_ _6b\"> </span><span class=\"ff89\">69.2<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _178\"> </span><span class=\"ls4 ws0\">\u2013 <span class=\"_ _21a\"> </span>15.4 <span class=\"_ _3a\"> </span><span class=\"ff89\">15.4<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _274\"> </span><span class=\"ls4 ws0\">(2.5)<span class=\"_ _a2\"> </span>(11.8)<span class=\"_ _7c\"> </span><span class=\"ff89\">(14.3)<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _1db\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _1a5\"> </span>1.3<span class=\"_ _66\"> </span><span class=\"ff89\">1.3<span class=\"_ _332\"> </span></span></span>Disposal of businesses<span class=\"_ _275\"> </span><span class=\"ws0\">(0.2)<span class=\"_ _e6\"> </span>(4.1)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(4.3)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1dc\"> </span><span class=\"ls4\">\u2013<span class=\"_ _7d\"> </span>(0.1)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(0.1)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _276\"> </span><span class=\"ls4\">9.0<span class=\"_ _80\"> </span>58.2<span class=\"_ _21a\"> </span><span class=\"ff89\">67.2<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _178\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _d2\"> </span>10.9<span class=\"_ _6b\"> </span><span class=\"ff89\">10.9<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _274\"> </span><span class=\"ls4 ws0\">(0.4)<span class=\"_ _e6\"> </span>(3.9)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(4.3)<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _1db\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _1a5\"> </span>1.2<span class=\"_ _66\"> </span><span class=\"ff89\">1.2<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1dc\"> </span><span class=\"ls4\">\u2013<span class=\"_ _84\"> </span>0.4<span class=\"_ _66\"> </span><span class=\"ff89\">0.4<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _235\"> </span><span class=\"ff88 ls4\">8.6<span class=\"_ _d2\"> </span>66.8<span class=\"_ _6b\"> </span><span class=\"ff89\">75.4<span class=\"_ _332\"> </span></span></span>Accumulated depreciation and impairment<span class=\"_ _1a6\"> </span><span class=\"ff88 ls4 ws0\"> <span class=\"_ _15a\"> </span> <span class=\"_ _15a\"> </span><span class=\"ff89\"> </span></span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _1c3\"> </span><span class=\"ls4\">8.0<span class=\"_ _d2\"> </span>36.9<span class=\"_ _6b\"> </span><span class=\"ff89\">44.9<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _277\"> </span><span class=\"ls4\">0.6<span class=\"_ _84\"> </span>8.7<span class=\"_ _66\"> </span><span class=\"ff89\">9.3<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _274\"> </span><span class=\"ls4 ws0\">(2.5)<span class=\"_ _a2\"> </span>(10.9)<span class=\"_ _7c\"> </span><span class=\"ff89\">(13.4)<span class=\"_ _332\"> </span></span></span>Disposal of businesses<span class=\"_ _275\"> </span><span class=\"ws0\">(0.1)<span class=\"_ _e6\"> </span>(3.8)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(3.9)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _100\"> </span><span class=\"ls4\">0.3<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.4<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _276\"> </span><span class=\"ls4\">6.3<span class=\"_ _80\"> </span>31.0<span class=\"_ _21a\"> </span><span class=\"ff89\">37.3<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _277\"> </span><span class=\"ls4\">0.6<span class=\"_ _84\"> </span>8.1<span class=\"_ _66\"> </span><span class=\"ff89\">8.7<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als <span class=\"_ _278\"> </span><span class=\"ls4 ws0\">(0.4)<span class=\"_ _e6\"> </span>(3.7)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(4.1)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1dc\"> </span><span class=\"ls4\">\u2013<span class=\"_ _84\"> </span>0.4<span class=\"_ _66\"> </span><span class=\"ff89\">0.4<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _235\"> </span><span class=\"ff88 ls4\">6.5<span class=\"_ _d2\"> </span>35.8<span class=\"_ _6b\"> </span><span class=\"ff89\">42.3<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _279\"> </span><span class=\"ff89 ls4\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _235\"> </span><span class=\"ff88 ls4\">2.1<span class=\"_ _d2\"> </span>31.0<span class=\"_ _6b\"> </span><span class=\"ff89\">33.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _276\"> </span><span class=\"ls4\">2.7<span class=\"_ _80\"> </span>27.2<span class=\"_ _21a\"> </span><span class=\"ff89\">29.9<span class=\"_ _332\"> </span></span></span>No im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n reco<span class=\"_ _0\"></span>rded i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>nil). 1<span class=\"_ _15\"></span>5. Interests in joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>ts in join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e all e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y accoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc S<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc U<span class=\"_ _0\"></span>K) a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP (Suss<span class=\"_ _0\"></span>ex) are eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. All e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y accou<span class=\"_ _0\"></span>nted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ser<span class=\"_ _2\"></span>vices<span class=\"_ _0\"></span>. Det<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ils of all jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 36.<span class=\"_ _332\"> </span>In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts in j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Owner<span class=\"_ _0\"></span>ship <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>% Na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e of relationship<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c UK<span class=\"_ _27a\"> </span><span class=\"ls4\">51<span class=\"_ _3e\"> </span>Joint venture<span class=\"_ _66\"> </span><span class=\"ff89\">7.9<span class=\"_ _80\"> </span></span>10.5<span class=\"_ _332\"> </span></span>Sussex<span class=\"_ _1ae\"> </span><span class=\"ls4 ws0\">35<span class=\"_ _15e\"> </span>Associate<span class=\"_ _66\"> </span><span class=\"ff89\">0.6<span class=\"_ _1a5\"> </span></span>0.7<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>ther<span class=\"_ _22c\"> </span>Joint ventures<span class=\"_ _66\"> </span><span class=\"ff89\">0.3<span class=\"_ _1a5\"> </span></span>0.7<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _27b\"> </span><span class=\"ff89 ls4\">8.8<span class=\"_ _80\"> </span><span class=\"ff88\">11.9<span class=\"_ _332\"> </span></span></span>2023<span class=\"_ _75\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Other<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span><span class=\"ls4\"> </span>of joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>and associat<span class=\"_ _0\"></span>es <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Group share <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>and associates <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _6d\"> </span><span class=\"ff89 ls4\">10.5<span class=\"_ _66\"> </span>0.7<span class=\"_ _66\"> </span>0.7<span class=\"_ _6b\"> </span>11.9<span class=\"_ _7f\"> </span><span class=\"ff88\">11.0<span class=\"_ _332\"> </span></span></span>Sha<span class=\"_ _0\"></span>re of pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>/(loss) bef<span class=\"_ _3\"></span>ore O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _115\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _102\"> </span>0.8<span class=\"_ _58\"> </span>(0.4)<span class=\"_ _80\"> </span>8.3<span class=\"_ _60\"> </span><span class=\"ff88\">6.6<span class=\"_ _332\"> </span></span></span>Sha<span class=\"_ _0\"></span>re of pro<span class=\"_ _0\"></span>fit \u2013 O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u2013 <span class=\"_ _1d6\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _140\"> </span><span class=\"ff88\">(2.4)<span class=\"_ _332\"> </span></span>Share o<span class=\"_ _3\"></span>f other comp<span class=\"_ _3\"></span>rehensive (<span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>pense<span class=\"_ _15\"></span>)/inc<span class=\"_ _3\"></span>ome<span class=\"_ _34\"> </span><span class=\"ff89 ls4 ws0\">(2.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013 <span class=\"_ _5c\"> </span> (2.4)<span class=\"_ _153\"> </span><span class=\"ff88\">0.7<span class=\"_ _332\"> </span></span></span>Dividends<span class=\"_ _1de\"> </span><span class=\"ff89 ls4 ws0\">(8.1)<span class=\"_ _3a\"> </span>(0.9)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span>(9.0)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(4.0)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _27c\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _66\"> </span>0.6<span class=\"_ _66\"> </span>0.3<span class=\"_ _102\"> </span>8.8<span class=\"_ _7f\"> </span><span class=\"ff88\">11.9<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>N<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>/res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f the e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>tip<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s sha<span class=\"_ _0\"></span>re of a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>as \u00a3<span class=\"_ _0\"></span>nil for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023 (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>2.4m).<span class=\"_ _332\"> </span>Su<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ised s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e (<span class=\"_ _3\"></span>100%<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Sus<span class=\"_ _0\"></span>sex <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Landmarc UK<span class=\"_ _3\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _90\"> </span><span class=\"ff89 ls4 ws0\">196.5<span class=\"_ _d8\"> </span>28.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _99\"> </span>224.9<span class=\"_ _5f\"> </span><span class=\"ff88\">164.6<span class=\"_ _3b\"> </span>24.0<span class=\"_ _72\"> </span>2.2<span class=\"_ _9b\"> </span>190.8<span class=\"_ _332\"> </span></span></span>Gro<span class=\"_ _0\"></span>up\u2019s share of re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res <span class=\"ls4\"> </span>and associates<span class=\"_ _158\"> </span><span class=\"ff89 ws0\">100.2<span class=\"_ _141\"> </span>9.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _aa\"> </span>110.1<span class=\"_ _23\"> </span><span class=\"ff88\">84.0<span class=\"_ _72\"> </span>8.4<span class=\"_ _72\"> </span>1.1<span class=\"_ _3b\"> </span>93.5<span class=\"_ _332\"> </span></span></span>Depreciation and<span class=\"_ _3\"></span> amor<span class=\"_ _2\"></span>ti<span class=\"_ _3\"></span>sation<span class=\"_ _1a0\"> </span><span class=\"ff89 ls4 ws0\">(1.4)<span class=\"_ _164\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(1.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.9)<span class=\"_ _332\"> </span></span></span>Oper<span class=\"_ _0\"></span>ating profit<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(loss<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span><span class=\"ff89 ls4 ws0\">18.8<span class=\"_ _15e\"> </span>3.0<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _125\"> </span>20.9<span class=\"_ _23\"> </span><span class=\"ff88\">13.3<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _3b\"> </span>16.3<span class=\"_ _332\"> </span></span></span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce inco<span class=\"_ _0\"></span>me<span class=\"_ _8d\"> </span><span class=\"ff89 ls4 ws0\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _141\"> </span>0.3<span class=\"_ _3a\"> </span><span class=\"ff88\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _332\"> </span></span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _132\"> </span><span class=\"ff89 ls4 ws0\">(3.6)<span class=\"_ _16f\"> </span>(0.6)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _55\"> </span>(4.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(2.5)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.5)<span class=\"_ _332\"> </span></span></span>Profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _27d\"> </span><span class=\"ff89 ls4\">15.5<span class=\"_ _212\"> </span>2.4<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _37\"> </span>17.0<span class=\"_ _23\"> </span><span class=\"ff88\">10.9<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _1d\"> </span>13.9<span class=\"_ _332\"> </span></span></span>Other comprehensiv<span class=\"_ _3\"></span>e (<span class=\"_ _15\"></span>expense<span class=\"_ _3\"></span>)/inc<span class=\"_ _3\"></span>ome<span class=\"_ _15a\"> </span><span class=\"ff89 ls4 ws0\">(4.7)<span class=\"_ _164\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(4.7)<span class=\"_ _164\"> </span><span class=\"ff88\">1.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal comprehens<span class=\"_ _3\"></span>ive incom<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>expense)<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>100%)<span class=\"_ _d8\"> </span><span class=\"ff89 ls4 ws0\">10.8<span class=\"_ _212\"> </span>2.4<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _37\"> </span>12.3<span class=\"_ _23\"> </span><span class=\"ff88\">12.2<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _1d\"> </span>15.2<span class=\"_ _332\"> </span></span></span>Su<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ised b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et (1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Sus<span class=\"_ _0\"></span>sex <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Landmarc UK<span class=\"_ _3\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Non-current assets<span class=\"_ _26\"> </span><span class=\"ff89 ls4 ws0\">5.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>5.8<span class=\"_ _23\"> </span><span class=\"ff88\">10.7<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.7<span class=\"_ _332\"> </span></span></span>Current<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>ssets<span class=\"_ _138\"> </span><span class=\"ff89 ls4 ws0\">52.6<span class=\"_ _15e\"> </span>9.9<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>63.8<span class=\"_ _23\"> </span><span class=\"ff88\">41.3<span class=\"_ _72\"> </span>8.9<span class=\"_ _72\"> </span>5.1<span class=\"_ _3b\"> </span>55.3<span class=\"_ _332\"> </span></span></span>Curre<span class=\"_ _0\"></span>nt liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _26\"> </span><span class=\"ff89 ls4 ws0\">(43.0)<span class=\"_ _9b\"> </span>(8.3)<span class=\"_ _16f\"> </span>(0.8)<span class=\"_ _33\"> </span>(52.1)<span class=\"_ _1d\"> </span><span class=\"ff88\">(31.4)<span class=\"_ _118\"> </span>(7.0)<span class=\"_ _118\"> </span>(3.6)<span class=\"_ _b2\"> </span>(42.0)<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>0%)<span class=\"_ _11d\"> </span><span class=\"ff89 ls4\">15.4<span class=\"_ _212\"> </span>1.6<span class=\"_ _212\"> </span>0.5<span class=\"_ _d8\"> </span>17.5<span class=\"_ _23\"> </span><span class=\"ff88\">20.6<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>1.5<span class=\"_ _3b\"> </span>24.0<span class=\"_ _332\"> </span></span></span>Gro<span class=\"_ _0\"></span>up\u2019s share o<span class=\"_ _0\"></span>f net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _cc\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _212\"> </span>0.6<span class=\"_ _15e\"> </span>0.3<span class=\"_ _212\"> </span>8.8<span class=\"_ _23\"> </span><span class=\"ff88\">10.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>0.7<span class=\"_ _3b\"> </span>11.9<span class=\"_ _332\"> </span></span></span>The a<span class=\"_ _0\"></span>bove i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e following<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>%)<span class=\"_ _27e\"> </span><span class=\"ff89 ls4\">35.4<span class=\"_ _212\"> </span>5.3<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>42.0<span class=\"_ _23\"> </span><span class=\"ff88\">28.7<span class=\"_ _72\"> </span>7.4<span class=\"_ _72\"> </span>0.4<span class=\"_ _3b\"> </span>36.5<span class=\"_ _332\"> </span></span></span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is no<span class=\"_ _0\"></span>t awa<span class=\"_ _0\"></span>re of any ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>re no si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt res<span class=\"_ _2\"></span>tric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons on t<span class=\"_ _0\"></span>he abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer fund<span class=\"_ _0\"></span>s to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p in th<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rm of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, or to r<span class=\"_ _0\"></span>epay lo<span class=\"_ _0\"></span>ans o<span class=\"_ _0\"></span>r ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nces ma<span class=\"_ _0\"></span>de by th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _332\"> </span>1<span class=\"_ _15\"></span>6. T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ade and other receivables 2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade receivables<span class=\"_ _182\"> </span><span class=\"ff89 ls4 ws0\">450.8<span class=\"_ _3a\"> </span><span class=\"ff88\">386.3<span class=\"_ _332\"> </span></span></span>Accrued i<span class=\"_ _3\"></span>ncome<span class=\"_ _27f\"> </span><span class=\"ff89 ls4 ws0\">278.9<span class=\"_ _3a\"> </span><span class=\"ff88\">239.7<span class=\"_ _332\"> </span></span></span>Prepayments<span class=\"_ _280\"> </span><span class=\"ff89 ls4 ws0\">40.2<span class=\"_ _80\"> </span><span class=\"ff88\">30.4<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>ther rec<span class=\"_ _3\"></span>eiv<span class=\"_ _0\"></span>ables<span class=\"_ _281\"> </span><span class=\"ff89 ls4 ws0\">40.4<span class=\"_ _80\"> </span><span class=\"ff88\">55.4<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">810.3<span class=\"_ _3a\"> </span><span class=\"ff88\">711.8<span class=\"_ _332\"> </span></span></span>Included<span class=\"_ _3\"></span> in curr<span class=\"_ _3\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _282\"> </span><span class=\"ff89 ls4 ws0\">786.8<span class=\"_ _3a\"> </span><span class=\"ff88\">686.7<span class=\"_ _332\"> </span></span></span>Included<span class=\"_ _3\"></span> in non-current<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>ssets<span class=\"_ _283\"> </span><span class=\"ff89 ls4 ws0\">23.5<span class=\"_ _80\"> </span><span class=\"ff88\">25.1<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">810.3<span class=\"_ _3a\"> </span><span class=\"ff88\">711.8<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>Trad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es of \u00a31<span class=\"_ _15\"></span>7<span class=\"_ _3\"></span>.3m h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d from c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 1.<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 day<span class=\"_ _0\"></span>s cred<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n sa<span class=\"_ _0\"></span>les (2022<span class=\"_ _0\"></span>: 28 days<span class=\"_ _3\"></span>). The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s dis<span class=\"_ _0\"></span>conti<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d the us<span class=\"_ _0\"></span>e of a non<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>cour<span class=\"_ _0\"></span>se cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r invoice d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g facili<span class=\"_ _0\"></span>ty (CID) unde<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>ch cer<span class=\"_ _2\"></span>tain t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ances w<span class=\"_ _0\"></span>ere so<span class=\"_ _0\"></span>ld to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s relati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip ban<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. As t<span class=\"_ _0\"></span>hese t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les we<span class=\"_ _0\"></span>re sol<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut r<span class=\"_ _0\"></span>ecour<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>em, a<span class=\"_ _0\"></span>nd so t<span class=\"_ _0\"></span>hey we<span class=\"_ _0\"></span>re not i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>ade re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of i<span class=\"_ _0\"></span>nvoice dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022 w<span class=\"_ _0\"></span>as \u00a344.<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of tr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oxima<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>eir fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue.<span class=\"_ _332\"> </span>Informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure to c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>sk an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s lo<span class=\"_ _0\"></span>ss all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nce ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce of tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>, accr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es is prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in No<span class=\"_ _0\"></span>te 25<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span>1<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>. Contrac<span class=\"_ _0\"></span>t assets<span class=\"_ _332\"> </span>Pre-contrac<span class=\"_ _0\"></span>t <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Contract <span class=\"ls4 ws0\"> </span>fulfilment c<span class=\"_ _3\"></span>os<span class=\"_ _0\"></span>ts <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _1c3\"> </span><span class=\"ls4\">1.4<span class=\"_ _1a5\"> </span>2.5<span class=\"_ _66\"> </span><span class=\"ff89\">3.9<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _1b9\"> </span><span class=\"ls4 ws0\">0.1<span class=\"_ _84\"> </span>0.9<span class=\"_ _66\"> </span><span class=\"ff89\">1.0<span class=\"_ _332\"> </span></span></span>Amor<span class=\"_ _2\"></span>ti<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ation<span class=\"_ _284\"> </span><span class=\"ls4 ws0\">(0.8)<span class=\"_ _e6\"> </span>(0.9)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(1.7)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _276\"> </span><span class=\"ls4\">0.7<span class=\"_ _84\"> </span>2.5<span class=\"_ _66\"> </span><span class=\"ff89\">3.2<span class=\"_ _332\"> </span></span></span>Amor<span class=\"_ _2\"></span>ti<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ation<span class=\"_ _284\"> </span><span class=\"ls4 ws0\">(0.1)<span class=\"_ _e6\"> </span>(1.2)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(1.3)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _235\"> </span><span class=\"ff88 ls4\">0.6<span class=\"_ _1a5\"> </span>1.3<span class=\"_ _66\"> </span><span class=\"ff89\">1.9<span class=\"_ _332\"> </span></span></span>Included<span class=\"_ _3\"></span> in curr<span class=\"_ _3\"></span>ent asset<span class=\"_ _0\"></span>s<span class=\"_ _1f9\"> </span><span class=\"ls4 ws0\">0.2<span class=\"_ _84\"> </span>0.9<span class=\"_ _66\"> </span><span class=\"ff89\">1.1<span class=\"_ _332\"> </span></span></span>Included<span class=\"_ _3\"></span> in non-current<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>ssets<span class=\"_ _285\"> </span><span class=\"ls4 ws0\">0.4<span class=\"_ _84\"> </span>0.4<span class=\"_ _66\"> </span><span class=\"ff89\">0.8<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _286\"> </span><span class=\"ff88 ls4 ws0\">0.6<span class=\"_ _84\"> </span>1.3<span class=\"_ _66\"> </span><span class=\"ff89\">1.9<span class=\"_ _332\"> </span></span></span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>ht-line ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s over th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t life whic<span class=\"_ _0\"></span>h is consis<span class=\"_ _2\"></span>tent wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r to whi<span class=\"_ _0\"></span>ch the<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat n<span class=\"_ _0\"></span>o impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 (202<span class=\"_ _0\"></span>2: \u00a3nil<span class=\"_ _0\"></span>).<span class=\"_ _332\"> </span>1<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>. Inv<span class=\"_ _3\"></span>entories<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Materials and<span class=\"_ _3\"></span> total<span class=\"_ _287\"> </span><span class=\"ff89 ls4 ws0\">13.5<span class=\"_ _80\"> </span><span class=\"ff88\">11.9<span class=\"_ _332\"> </span></span></span>1<span class=\"_ _6\"></span>9<span class=\"_ _3\"></span>. T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ade and other pa<span class=\"_ _3\"></span>yables<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade payables<span class=\"_ _20f\"> </span><span class=\"ff89 ws0\">230.5<span class=\"_ _3a\"> </span><span class=\"ff88\">134.8<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xes and s<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>l secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _288\"> </span><span class=\"ff89 ls4\">123.0<span class=\"_ _3a\"> </span><span class=\"ff88\">117.7<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>ther payables<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>22.7<span class=\"_ _80\"> </span><span class=\"ff88\">57.2<span class=\"_ _332\"> </span></span>Accr<span class=\"_ _0\"></span>uals<span class=\"_ _148\"> </span><span class=\"ff89 ls4 ws0\">525.6<span class=\"_ _3a\"> </span><span class=\"ff88\">534.3<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">901.8<span class=\"_ _3a\"> </span><span class=\"ff88\">844.0<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> current liabilities<span class=\"_ _154\"> </span><span class=\"ff89 ls4 ws0\">899.5<span class=\"_ _3a\"> </span><span class=\"ff88\">841.2<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> non-<span class=\"_ _0\"></span>current liabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>2.3<span class=\"_ _84\"> </span><span class=\"ff88\">2.8<span class=\"_ _332\"> </span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">901.8<span class=\"_ _3a\"> </span><span class=\"ff88\">844.0<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>A<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2, \u00a3<span class=\"_ _0\"></span>20.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>sh w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s ba<span class=\"_ _0\"></span>nk a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he CI<span class=\"_ _0\"></span>D faci<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t for the C<span class=\"_ _0\"></span>ID fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>his c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e CID fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r by 5 Ap<span class=\"_ _0\"></span>ril 202<span class=\"_ _0\"></span>2 an<span class=\"_ _0\"></span>d wa<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t oth<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2022<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es m<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt-l<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng on t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of R<span class=\"_ _0\"></span>ock a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m Sol<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>. Refer to N<span class=\"_ _0\"></span>ote 3<span class=\"_ _0\"></span>0.<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ade c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent 32 days c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n tra<span class=\"_ _0\"></span>de p<span class=\"_ _0\"></span>urcha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s (2022: 2<span class=\"_ _0\"></span>3 days<span class=\"_ _3\"></span>). Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of tr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bles a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>heir fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>20. Deferred income<span class=\"_ _332\"> </span>The s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in defer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>come a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _289\"> </span><span class=\"ff89 ls4\">116.1<span class=\"_ _3a\"> </span><span class=\"ff88\">114.9<span class=\"_ _332\"> </span></span></span>Revenu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at w<span class=\"_ _0\"></span>as i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he defer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>come b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce at t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e year<span class=\"_ _28a\"> </span><span class=\"ff89 ls4\">(83.7)<span class=\"_ _a2\"> </span><span class=\"ff88\">(58.6)<span class=\"_ _332\"> </span></span></span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se d<span class=\"_ _0\"></span>ue to ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h recei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _217\"> </span><span class=\"ff89 ls4\">68.3<span class=\"_ _d2\"> </span><span class=\"ff88\">56.1<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _28b\"> </span><span class=\"ff89 ls4 ws0\">2.4<span class=\"_ _84\"> </span><span class=\"ff88\">3.7<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _28c\"> </span><span class=\"ff89 ls4\">103.1<span class=\"_ _3a\"> </span><span class=\"ff88\">116.1<span class=\"_ _332\"> </span></span></span>Included within current<span class=\"_ _3\"></span> liabilities<span class=\"_ _28d\"> </span><span class=\"ff89 ls4 ws0\">83.3<span class=\"_ _80\"> </span><span class=\"ff88\">83.5<span class=\"_ _332\"> </span></span></span>Included within non-current liabilities<span class=\"_ _28e\"> </span><span class=\"ff89 ls4 ws0\">19.8<span class=\"_ _80\"> </span><span class=\"ff88\">32.6<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">103.1<span class=\"_ _3a\"> </span><span class=\"ff88\">116.1<span class=\"_ _332\"> </span></span></span>For any a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ich do n<span class=\"_ _0\"></span>ot rel<span class=\"_ _0\"></span>ate to s<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>fic cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me is d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d in w<span class=\"_ _0\"></span>hich th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices ar<span class=\"_ _0\"></span>e deli<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>. Provisions<span class=\"_ _0\"></span> Contract sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce reser<span class=\"_ _0\"></span>ve <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Pension <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Dilapidations <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>turing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022 (<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted)<span class=\"_ _28f\"> </span><span class=\"ls4\">56.3<span class=\"_ _3b\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _aa\"> </span><span class=\"ff89\">117.0<span class=\"_ _332\"> </span></span></span>Adop<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to I<span class=\"_ _0\"></span>AS 37<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>1.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span><span class=\"ff89\">1.1<span class=\"_ _332\"> </span></span>At 1 Apr<span class=\"_ _0\"></span>il 2022 <span class=\"_ _228\"> </span><span class=\"ls4\">57.4<span class=\"_ _1d\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _99\"> </span><span class=\"ff89\">118.1<span class=\"_ _332\"> </span></span></span>Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _290\"> </span><span class=\"ls4\">6.1<span class=\"_ _72\"> </span>9.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.3<span class=\"_ _72\"> </span>2.2<span class=\"_ _72\"> </span>1.4<span class=\"_ _d8\"> </span><span class=\"ff89\">20.5<span class=\"_ _332\"> </span></span></span>Rele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _2b\"> </span><span class=\"ls4\">(5.3)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.2)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span><span class=\"ff89\">(6.5)<span class=\"_ _332\"> </span></span></span>Unwi<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of discou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n the di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _12a\"> </span><span class=\"ls4\">\u2013<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span><span class=\"ff89\">0.2<span class=\"_ _332\"> </span></span></span>U<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e year<span class=\"_ _95\"> </span><span class=\"ls4\">(8.9)<span class=\"_ _118\"> </span>(9.3)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.6)<span class=\"_ _ae\"> </span>(0.3)<span class=\"_ _3e\"> </span><span class=\"ff89\">(20.9)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _291\"> </span><span class=\"ff88 ls4\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> current liabilities<span class=\"_ _292\"> </span><span class=\"ls4 ws0\">17.5<span class=\"_ _72\"> </span>8.8<span class=\"_ _3b\"> </span>21.7<span class=\"_ _72\"> </span>0.4<span class=\"_ _72\"> </span>2.4<span class=\"_ _72\"> </span>3.4<span class=\"_ _d8\"> </span><span class=\"ff89\">54.2<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> non-<span class=\"_ _0\"></span>current liabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _1ff\"> </span><span class=\"ls4 ws0\">31.8<span class=\"_ _3b\"> </span>17.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>7.6<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.3<span class=\"_ _d8\"> </span><span class=\"ff89\">57.2<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _27c\"> </span><span class=\"ff88 ls4 ws0\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 1 Ap<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2022 ha<span class=\"_ _0\"></span>ve be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>he ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge in a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cy for o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to IA<span class=\"_ _0\"></span>S 37 Oner<span class=\"_ _0\"></span>ous Con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>s \u2013 Cos<span class=\"_ _0\"></span>t of Fulfil<span class=\"_ _0\"></span>ling a Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t<span class=\"ff88\">. Refer to N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span></span>Contract specific costs<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s provi<span class=\"_ _0\"></span>sion of \u00a34<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>3m<span class=\"_ _3\"></span>) com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>es on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>10.5<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.2<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a338<span class=\"_ _0\"></span>.8m (<span class=\"_ _0\"></span>2022: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions w<span class=\"_ _0\"></span>ill be u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a num<span class=\"_ _0\"></span>ber of ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. G<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>n the l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m natu<span class=\"_ _0\"></span>re of the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on of on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns is a key so<span class=\"_ _0\"></span>urce of es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. Key judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n and s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to cha<span class=\"_ _0\"></span>nge in a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t in N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _15\"></span>4<span class=\"_ _0\"></span>m, re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed \u00a30.4m an<span class=\"_ _0\"></span>d ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d \u00a3<span class=\"_ _3\"></span>4.8<span class=\"_ _0\"></span>m in th<span class=\"_ _0\"></span>e year w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t to onero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y to cover re<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red to m<span class=\"_ _0\"></span>eet c<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ts\u2019 con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d inclu<span class=\"_ _0\"></span>de <span class=\"ls4\"> </span>a \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>n a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, a \u00a36.<span class=\"_ _0\"></span>2m p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to a com<span class=\"_ _0\"></span>merc<span class=\"_ _0\"></span>ial set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t, a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of rec<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty ma<span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>of the di<span class=\"_ _0\"></span>scont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d So<span class=\"_ _0\"></span>cial H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>ing bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. The v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the<span class=\"_ _0\"></span>se prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>kely ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d over <span class=\"ls4\"> </span>a ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of eig<span class=\"_ _0\"></span>ht ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>tial co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s, le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l clai<span class=\"_ _0\"></span>ms an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on wor<span class=\"_ _0\"></span>k for othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m, r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _3\"></span>4.9m and u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised \u00a34.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m of th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _2\"></span>t specifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns.<span class=\"_ _332\"> </span>Insurance r<span class=\"_ _3\"></span>eser<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ins a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es for empl<span class=\"_ _0\"></span>oyer lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d moto<span class=\"_ _0\"></span>r and fl<span class=\"_ _0\"></span>eet l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is involv<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span>in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he ul<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd tim<span class=\"_ _0\"></span>ing of w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>not b<span class=\"_ _0\"></span>e kn<span class=\"_ _0\"></span>own w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s clai<span class=\"_ _0\"></span>ms incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t not ye<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted and i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le at t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed over<span class=\"_ _0\"></span> five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve of \u00a3<span class=\"_ _0\"></span>26.2<span class=\"_ _0\"></span>m is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted gr<span class=\"_ _0\"></span>oss of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>er rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>0m (2022<span class=\"_ _0\"></span>: \u00a36.<span class=\"_ _0\"></span>5m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is vir<span class=\"_ _2\"></span>tuall<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain to r<span class=\"_ _0\"></span>ecover for cla<span class=\"_ _0\"></span>ims un<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce pol<span class=\"_ _0\"></span>icies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Pension<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s \u00a32<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m for Sec<span class=\"_ _2\"></span>tion 75 emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>ebt li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of Rob<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t Pret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>tie FM<span class=\"_ _0\"></span> Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a resul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>n the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>his a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r timi<span class=\"_ _0\"></span>ng of ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flows is<span class=\"_ _0\"></span> dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e of the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ay occur ove<span class=\"_ _0\"></span>r a lon<span class=\"_ _0\"></span>ger p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od th<span class=\"_ _0\"></span>an on<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Se<span class=\"_ _0\"></span>e Note 32. Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a30.<span class=\"_ _0\"></span>8m an<span class=\"_ _0\"></span>d rele<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2m for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a provi<span class=\"_ _0\"></span>sion o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion of I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve for the sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019s exit p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Dilapid<span class=\"_ _0\"></span>ations<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion for dila<span class=\"_ _0\"></span>pid<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to the l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ties to b<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e lan<span class=\"_ _0\"></span>dlord i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>nd of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his cos<span class=\"_ _0\"></span>t wo<span class=\"_ _0\"></span>uld in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e repa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>s of any da<span class=\"_ _0\"></span>mag<span class=\"_ _0\"></span>e and we<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t five year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Restruc<span class=\"_ _0\"></span>turing The r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g prov<span class=\"_ _0\"></span>ision a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m of prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on wh<span class=\"_ _0\"></span>ere a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>ed forma<span class=\"_ _0\"></span>l pla<span class=\"_ _0\"></span>n is in pl<span class=\"_ _0\"></span>ace an<span class=\"_ _0\"></span>d a val<span class=\"_ _0\"></span>id ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tati<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>hose<span class=\"_ _0\"></span> affec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>aise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>22<span class=\"_ _0\"></span>. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x<span class=\"_ _332\"> </span>The follow<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>re the m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>eon:<span class=\"_ _332\"> </span>Losse<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Accelera<span class=\"_ _0\"></span>ted cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al allowa<span class=\"_ _0\"></span>nces <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Retirement benefit liabili<span class=\"_ _0\"></span>ties  \u00a3m<span class=\"_ _332\"> </span>Intangible as<span class=\"_ _0\"></span>sets acquired<span class=\"_ _3\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Share  options <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Shor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-term timing differences \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _1d5\"> </span><span class=\"ls4\">29.8<span class=\"_ _3b\"> </span>15.7<span class=\"_ _3b\"> </span>12.2<span class=\"_ _19b\"> </span>(42.9)<span class=\"_ _5f\"> </span>2.1<span class=\"_ _72\"> </span>2.9<span class=\"_ _81\"> </span><span class=\"ff89\">19.8<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _6e\"> </span>(0.2)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.0)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span><span class=\"ff89\">(2.2)<span class=\"_ _332\"> </span></span></span>Disposa<span class=\"_ _0\"></span>l of<span class=\"_ _3\"></span> subsidia<span class=\"_ _0\"></span>ry und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aking<span class=\"_ _0\"></span>s<span class=\"_ _28f\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _5f\"> </span>(0.4)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span><span class=\"ff89\">(0.4)<span class=\"_ _332\"> </span></span></span>Credit/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>charge<span class=\"_ _15\"></span>) to inc<span class=\"_ _3\"></span>ome st<span class=\"_ _0\"></span>atement<span class=\"_ _293\"> </span><span class=\"ls4 ws0\">4.3<span class=\"_ _6e\"> </span>(1.6)<span class=\"_ _118\"> </span>(5.8)<span class=\"_ _118\"> </span>(7.8)<span class=\"_ _5f\"> </span>4.6<span class=\"_ _bb\"> </span>4.1<span class=\"_ _55\"> </span><span class=\"ff89\">(2.2)<span class=\"_ _332\"> </span></span></span>(Charge)<span class=\"_ _3\"></span>/credi<span class=\"_ _0\"></span>t to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e<span class=\"_ _25a\"> </span><span class=\"ls4\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.2)<span class=\"_ _6e\"> </span>0.1<span class=\"_ _55\"> </span><span class=\"ff89\">(3.9)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _95\"> </span><span class=\"ls4\">34.1<span class=\"_ _1d\"> </span>13.5<span class=\"_ _72\"> </span>2.6<span class=\"_ _19b\"> </span>(52.7)<span class=\"_ _5f\"> </span>6.5<span class=\"_ _bb\"> </span>7.1<span class=\"_ _d8\"> </span><span class=\"ff89\">11.1<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _6e\"> </span>(0.2)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.1)<span class=\"_ _cf\"> </span>\u2013 <span class=\"_ _141\"> </span>0.4<span class=\"_ _55\"> </span><span class=\"ff89\">(1.9)<span class=\"_ _332\"> </span></span></span>Credit/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>charge<span class=\"_ _15\"></span>) to inc<span class=\"_ _3\"></span>ome st<span class=\"_ _0\"></span>atement<span class=\"_ _293\"> </span><span class=\"ls4 ws0\">5.5<span class=\"_ _6e\"> </span>(3.7)<span class=\"_ _118\"> </span>(3.6)<span class=\"_ _5f\"> </span>4.1<span class=\"_ _72\"> </span>0.6<span class=\"_ _72\"> </span>1.9<span class=\"_ _212\"> </span><span class=\"ff89\">4.8<span class=\"_ _332\"> </span></span></span>Cred<span class=\"_ _0\"></span>it to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inco<span class=\"_ _0\"></span>me<span class=\"_ _110\"> </span><span class=\"ls4\">\u2013 <span class=\"_ _5c\"> </span>\u2013 <span class=\"_ _5f\"> </span>1.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>4.9<span class=\"_ _3a\"> </span>\u2013 <span class=\"_ _294\"> </span><span class=\"ff89\">6.4<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _291\"> </span><span class=\"ff88 ls4\">39.6<span class=\"_ _72\"> </span>9.6<span class=\"_ _72\"> </span>0.5<span class=\"_ _19b\"> </span>(50.7)<span class=\"_ _22\"> </span>12.0<span class=\"_ _72\"> </span>9.4<span class=\"_ _d8\"> </span><span class=\"ff89\">20.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>50.7m (2022<span class=\"_ _0\"></span>: \u00a352.7m<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>re off<span class=\"_ _0\"></span>set a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t defer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ey re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>s lev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he ri<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>t to an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s to se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s unu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lised i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s of \u00a32<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _0\"></span>223<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) tha<span class=\"_ _0\"></span>t are av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r offse<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t fu<span class=\"_ _0\"></span>ture p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. A defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>58.4m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>36.<span class=\"_ _0\"></span>3m<span class=\"_ _3\"></span>) of the<span class=\"_ _0\"></span>se los<span class=\"_ _0\"></span>ses to t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is pr<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>ble t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n the fu<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>e avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le for uti<span class=\"_ _0\"></span>lisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>hen co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>erin<span class=\"_ _0\"></span>g the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n use<span class=\"_ _0\"></span>d to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the goin<span class=\"_ _0\"></span>g concer<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Se<span class=\"_ _0\"></span>e Note 1 for mo<span class=\"_ _0\"></span>re informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n on th<span class=\"_ _0\"></span>ese forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed.<span class=\"_ _0\"></span> No defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s of \u00a363.9<span class=\"_ _3\"></span>m (2022<span class=\"_ _0\"></span>: \u00a387<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y is u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n. All l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es may b<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>ed forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d inde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. Deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly e<span class=\"_ _0\"></span>nac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. Refer to No<span class=\"_ _0\"></span>te 9<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>23. Cash and cash equivalent<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cash and ca<span class=\"_ _0\"></span>sh equivalent<span class=\"_ _0\"></span>s<span class=\"_ _1c2\"> </span><span class=\"ff89 ws0\">248.3<span class=\"_ _3a\"> </span><span class=\"ff88\">345.2<span class=\"_ _332\"> </span></span></span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>rise c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh he<span class=\"_ _0\"></span>ld by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-term b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n orig<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>l mat<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of thre<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>nths o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tes c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh-<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>oling a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cer<span class=\"_ _2\"></span>tain b<span class=\"_ _0\"></span>ank<span class=\"_ _0\"></span>s for c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>As a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s is \u00a36<span class=\"_ _0\"></span>.4m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ous co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to ut<span class=\"_ _0\"></span>ilise t<span class=\"_ _0\"></span>hese b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ily rel<span class=\"_ _0\"></span>ate to a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d in pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k accoun<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh hel<span class=\"_ _0\"></span>d thro<span class=\"_ _0\"></span>ugh a j<span class=\"_ _0\"></span>oint o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ere c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh is not av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble for use by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. As a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2022<span class=\"_ _0\"></span>, \u00a3<span class=\"_ _0\"></span>20.0<span class=\"_ _0\"></span>m wa<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld acr<span class=\"_ _0\"></span>oss t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s bank a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he CID facil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh co<span class=\"_ _0\"></span>llec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed from th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> wa<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld on t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e CID facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Th<span class=\"_ _0\"></span>is ca<span class=\"_ _0\"></span>sh w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly re<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the CID fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ty p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>der by 5 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2022 and w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s not c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>egor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span> res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h. Th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>roxima<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>heir fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2<span class=\"_ _3\"></span>4. F<span class=\"_ _0\"></span>inancing<span class=\"_ _0\"></span> liabili<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans \u2013 u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r comm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _1c6\"> </span><span class=\"ff89 ls4\">7.2<span class=\"_ _84\"> </span><span class=\"ff88\">7.1<span class=\"_ _332\"> </span></span></span>Private placement notes<span class=\"_ _295\"> </span><span class=\"ff89 ws0\">149.4<span class=\"_ _3a\"> </span><span class=\"ff88\">171.0<span class=\"_ _332\"> </span></span></span>Lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 26<span class=\"_ _3\"></span>)<span class=\"_ _296\"> </span><span class=\"ff89 ls4 ws0\">129.4<span class=\"_ _3a\"> </span><span class=\"ff88\">122.5<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">286.0 <span class=\"_ _f4\"> </span><span class=\"ff88\">300.6<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> current liabilities<span class=\"_ _297\"> </span><span class=\"ff89 ls4 ws0\">32.0<span class=\"_ _3a\"> </span><span class=\"ff88\">171.1<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> non-<span class=\"_ _0\"></span>current liabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _298\"> </span><span class=\"ff89 ls4 ws0\">254.0<span class=\"_ _3a\"> </span><span class=\"ff88\">129.5<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">286.0<span class=\"_ _3a\"> </span><span class=\"ff88\">300.6<span class=\"_ _332\"> </span></span></span>2<span class=\"_ _3\"></span>4. Fina<span class=\"_ _0\"></span>ncing liabilities continued<span class=\"_ _332\"> </span>In Oc<span class=\"_ _2\"></span>tober 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d a new \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>50<span class=\"_ _0\"></span>m revo<span class=\"_ _0\"></span>lvi<span class=\"_ _0\"></span>ng cre<span class=\"_ _0\"></span>dit fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d the \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>50m faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s set t<span class=\"_ _0\"></span>o matu<span class=\"_ _0\"></span>re in D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>ber 2022<span class=\"_ _0\"></span>. The n<span class=\"_ _0\"></span>ew facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>s in Oc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>obe<span class=\"_ _0\"></span>r 202<span class=\"_ _3\"></span>6 followi<span class=\"_ _0\"></span>ng the e<span class=\"_ _0\"></span>xercise of a<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion to e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nd for a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er ye<span class=\"_ _0\"></span>ar from O<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2025 a<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>d by the le<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in September<span class=\"_ _3\"></span> 2022.<span class=\"_ _332\"> </span>In Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d, u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r a del<span class=\"_ _0\"></span>ayed fundi<span class=\"_ _0\"></span>ng ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>20.0<span class=\"_ _0\"></span>m of new U<span class=\"_ _0\"></span>S pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt no<span class=\"_ _0\"></span>tes in D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2022, avoidi<span class=\"_ _0\"></span>ng any over<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>p wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m (<span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ising of U<span class=\"_ _0\"></span>S$<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>53.0<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d \u00a32<span class=\"_ _0\"></span>5.0<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, and n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e \u00a329<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2m se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the cr<span class=\"_ _0\"></span>oss-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps<span class=\"_ _0\"></span> in the s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>me pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d) of no<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>at ma<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e new no<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e spli<span class=\"_ _0\"></span>t eq<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ween 8<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>0 a<span class=\"_ _0\"></span>nd 1<span class=\"_ _15\"></span>2 ye<span class=\"_ _0\"></span>ar ma<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d have an ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge coup<span class=\"_ _0\"></span>on of 2.94%<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>evolv<span class=\"_ _0\"></span>ing cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the U<span class=\"_ _0\"></span>S pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt no<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cure<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t have fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d non<span class=\"_ _0\"></span>-fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l covena<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ions co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>nly<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up wa<span class=\"_ _0\"></span>s in co<span class=\"_ _0\"></span>mpli<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span>se coven<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 an<span class=\"_ _0\"></span>d hen<span class=\"_ _0\"></span>ce all a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d in lin<span class=\"_ _0\"></span>e with repayment dat<span class=\"_ _3\"></span>es.<span class=\"_ _332\"> </span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up had av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _15\"></span>1.6m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _15\"></span>1.5m<span class=\"_ _3\"></span>) of un<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>awn com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowi<span class=\"_ _0\"></span>ng facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of which all co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns precedent<span class=\"_ _3\"></span> had been m<span class=\"_ _3\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>ted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es pa<span class=\"_ _0\"></span>id dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r were a<span class=\"_ _0\"></span>s follows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>Bank lo<span class=\"_ _3\"></span>ans<span class=\"_ _299\"> </span><span class=\"ff89 ls4 ws0\">2.9<span class=\"_ _84\"> </span><span class=\"ff88\">2.4<span class=\"_ _332\"> </span></span></span>Private placement notes<span class=\"_ _29a\"> </span><span class=\"ff89 ws0\">3.9<span class=\"_ _84\"> </span><span class=\"ff88\">4.0<span class=\"_ _332\"> </span></span></span>Private placeme<span class=\"_ _0\"></span>nt notes<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up iss<span class=\"_ _0\"></span>ued U<span class=\"_ _0\"></span>S$<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>53.0m a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _0\"></span>55.0m of p<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ate p<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t note<span class=\"_ _0\"></span>s on 1<span class=\"_ _15\"></span>3 D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>ber 201<span class=\"_ _6\"></span>2, of w<span class=\"_ _0\"></span>hich U<span class=\"_ _0\"></span>S$<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>53.0m a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _0\"></span>25.<span class=\"_ _0\"></span>0m m<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>red in D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2022 an<span class=\"_ _0\"></span>d \u00a330<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m is du<span class=\"_ _0\"></span>e to mat<span class=\"_ _0\"></span>ure in D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>ber 2024. The G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as fur<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>20.0<span class=\"_ _0\"></span>m of new U<span class=\"_ _0\"></span>S pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt no<span class=\"_ _0\"></span>tes on 1<span class=\"_ _3\"></span>6 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2022<span class=\"_ _0\"></span>. The U<span class=\"_ _0\"></span>SPP no<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>re unse<span class=\"_ _0\"></span>cure<span class=\"_ _0\"></span>d and r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nk pa<span class=\"_ _0\"></span>ri pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su wi<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r sen<span class=\"_ _0\"></span>ior un<span class=\"_ _0\"></span>secur<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>deb<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. The a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>s of the<span class=\"_ _0\"></span>se USP<span class=\"_ _0\"></span>P note<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 a<span class=\"_ _0\"></span>re show<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>low.<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ra<span class=\"_ _0\"></span>nche<span class=\"_ _27a\"> </span><span class=\"ls149 ws179\">Maturity dat<span class=\"_ _3\"></span>e<span class=\"_ _e5\"> </span><span class=\"ls121 ws144\">Amount<span class=\"_ _50\"> </span><span class=\"ls4 ws10e\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t terms<span class=\"_ _332\"> </span></span></span></span>12<span class=\"_ _2\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _130\"> </span><span class=\"ls4 ws0\">16 December 2024<span class=\"_ _e4\"> </span>\u00a330.0m<span class=\"_ _15e\"> </span>\u00a3 fixed at 4.04%<span class=\"_ _332\"> </span></span>8 yea<span class=\"_ _0\"></span>r<span class=\"_ _18b\"> </span><span class=\"ls4\">16 December 2030<span class=\"_ _e4\"> </span>\u00a340.0m<span class=\"_ _15e\"> </span>\u00a3 fixed at 2.84%<span class=\"_ _332\"> </span></span>10<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _23b\"> </span><span class=\"ls4 ws0\">16 December 2032<span class=\"_ _10d\"> </span>\u00a340.0m<span class=\"_ _56\"> </span>\u00a3 fixed at 2.97%<span class=\"_ _332\"> </span></span>12<span class=\"_ _2\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _130\"> </span><span class=\"ls4 ws0\">16 December 2034<span class=\"_ _e4\"> </span>\u00a340.0m<span class=\"_ _15e\"> </span>\u00a3 fixed at 3.00%<span class=\"_ _332\"> </span></span>25. Finan<span class=\"_ _0\"></span>cial inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>ts<span class=\"_ _332\"> </span>Clas<span class=\"_ _0\"></span>sification<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s princip<span class=\"_ _0\"></span>al fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s princip<span class=\"_ _0\"></span>al fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial liabilities are<span class=\"_ _3\"></span> financing liabilities, trade payables, accruals<span class=\"_ _3\"></span> and other payables.<span class=\"_ _332\"> </span>De<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils of th<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s ado<span class=\"_ _0\"></span>pted (<span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ria for reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>sis of m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d the b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses for recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of incom<span class=\"_ _0\"></span>e and e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense) f<span class=\"_ _3\"></span>or e<span class=\"_ _0\"></span>ach cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s of finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are d<span class=\"_ _0\"></span>isclos<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>The v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re he<span class=\"_ _0\"></span>ld at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt falls i<span class=\"_ _0\"></span>nto th<span class=\"_ _0\"></span>ree le<span class=\"_ _0\"></span>vels<span class=\"_ _0\"></span>, ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on the<span class=\"_ _0\"></span> deg<span class=\"_ _0\"></span>ree to w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue is ob<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>vable<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e level<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>s follows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Level 1 fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from q<span class=\"_ _0\"></span>uote<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>ces in ac<span class=\"_ _2\"></span>tive mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies;<span class=\"_ _0\"></span> Level 2 fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et or li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; Level 3 fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues u<span class=\"_ _0\"></span>sing in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are no<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on ob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>re have b<span class=\"_ _0\"></span>een n<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n level<span class=\"_ _0\"></span>s in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>25. Finan<span class=\"_ _0\"></span>cial inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>ts continued<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up hel<span class=\"_ _0\"></span>d the follow<span class=\"_ _0\"></span>ing fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>He<span class=\"_ _0\"></span>ld at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised co<span class=\"_ _0\"></span>st<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (Not<span class=\"_ _0\"></span>e 23<span class=\"_ _3\"></span>)<span class=\"_ _275\"> </span><span class=\"ff89 ls4\">248.3<span class=\"_ _3a\"> </span><span class=\"ff88\">345.2<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>rade receivables (Note<span class=\"_ _3\"></span> 1<span class=\"_ _15\"></span>6)<span class=\"_ _29b\"> </span><span class=\"ff89 ls4 ws0\">450.8<span class=\"_ _3a\"> </span><span class=\"ff88\">386.3<span class=\"_ _332\"> </span></span></span>Accru<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>come (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _3\"></span>6)<span class=\"_ _1bf\"> </span><span class=\"ff89 ls4\">278.9<span class=\"_ _3a\"> </span><span class=\"ff88\">239.7<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>ther rec<span class=\"_ _3\"></span>eiv<span class=\"_ _0\"></span>ables (Note<span class=\"_ _3\"></span> 1<span class=\"_ _15\"></span>6)<span class=\"_ _23e\"> </span><span class=\"ff89 ls4 ws0\">39.4<span class=\"_ _80\"> </span><span class=\"ff88\">48.7<span class=\"_ _332\"> </span></span></span>Finan<span class=\"_ _0\"></span>cing liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 24<span class=\"_ _3\"></span>)<span class=\"_ _29c\"> </span><span class=\"ff89 ls4 ws0\">(286.0)<span class=\"_ _72\"> </span><span class=\"ff88\">(300.6)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ade p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s (Note 1<span class=\"_ _3\"></span>9)<span class=\"_ _29d\"> </span><span class=\"ff89 ls4\">(230.5)<span class=\"_ _72\"> </span><span class=\"ff88\">(134.8)<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es (No<span class=\"_ _0\"></span>te 1<span class=\"_ _15\"></span>9)<span class=\"_ _29e\"> </span><span class=\"ff89 ls4\">(22.2)<span class=\"_ _a2\"> </span><span class=\"ff88\">(54.4)<span class=\"_ _332\"> </span></span></span>Accru<span class=\"_ _0\"></span>als (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _3\"></span>9)<span class=\"_ _29f\"> </span><span class=\"ff89 ls4\">(525.6)<span class=\"_ _72\"> </span><span class=\"ff88\">(534.3)<span class=\"_ _332\"> </span></span></span>He<span class=\"_ _0\"></span>ld at f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofit a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>ss (F<span class=\"_ _2\"></span>VT<span class=\"_ _0\"></span>PL)<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther rec<span class=\"_ _3\"></span>eiv<span class=\"_ _0\"></span>ables (Note<span class=\"_ _3\"></span> 1<span class=\"_ _15\"></span>6)<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u2013<span class=\"_ _84\"> </span><span class=\"ff88\">6.0<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es (No<span class=\"_ _0\"></span>te 1<span class=\"_ _15\"></span>9)<span class=\"_ _2a0\"> </span><span class=\"ff89 ls4\">(0.5)<span class=\"_ _e6\"> </span><span class=\"ff88\">(2.8)<span class=\"_ _332\"> </span></span></span>He<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOC<span class=\"_ _0\"></span>I)<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther rec<span class=\"_ _3\"></span>eiv<span class=\"_ _0\"></span>ables (Note<span class=\"_ _3\"></span> 1<span class=\"_ _15\"></span>6)<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>1.0<span class=\"_ _84\"> </span><span class=\"ff88\">0.7<span class=\"_ _332\"> </span></span>Derivative fi<span class=\"_ _3\"></span>nancial in<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>truments hedging<span class=\"_ _3\"></span> private plac<span class=\"_ _3\"></span>ement notes<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>\u2013<span class=\"_ _80\"> </span><span class=\"ff88\">19.6<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2022 o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d the \u00a36<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0m w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>A m<span class=\"_ _0\"></span>ech<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>s am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2023.<span class=\"_ _332\"> </span>2.  O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _3\"></span>1.0m (202<span class=\"_ _0\"></span>2: \u00a30<span class=\"_ _0\"></span>.7m<span class=\"_ _15\"></span>) r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te to a d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>imb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>o fall u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er le<span class=\"_ _0\"></span>vel 2 of t<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>hy<span class=\"_ _3\"></span>. <span class=\"ls4\"> </span>Se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 32. 3. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up he<span class=\"_ _0\"></span>ld a nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of c<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ign<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>hat m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d in D<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>ps we<span class=\"_ _0\"></span>re co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>o fall in<span class=\"_ _0\"></span>to Le<span class=\"_ _0\"></span>vel 2 a<span class=\"_ _0\"></span>nd  the fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ues w<span class=\"_ _0\"></span>ere e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed by d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>hflo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>s inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>rd pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Risk<span class=\"_ _3\"></span> management o<span class=\"_ _3\"></span>bjectiv<span class=\"_ _3\"></span>es<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s trea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>tment m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to th<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e tho<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>ising<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>from inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>enci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ty, credi<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up see<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s to min<span class=\"_ _0\"></span>imis<span class=\"_ _0\"></span>e the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s by using e<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve cont<span class=\"_ _0\"></span>rol me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to h<span class=\"_ _0\"></span>edge ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in ris<span class=\"_ _0\"></span>k ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>. The u<span class=\"_ _0\"></span>se of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ives is g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>by Gro<span class=\"_ _0\"></span>up po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>wed re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y is to n<span class=\"_ _0\"></span>ot tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e in fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e risk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t poli<span class=\"_ _0\"></span>cies re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>in unch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed from th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s year<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>t to the fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s of in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s trea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y fun<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n revi<span class=\"_ _0\"></span>ews i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ris<span class=\"_ _0\"></span>k man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y on a re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>sis a<span class=\"_ _0\"></span>nd wil<span class=\"_ _0\"></span>l, a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te, e<span class=\"_ _0\"></span>nter i<span class=\"_ _0\"></span>nto de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in ord<span class=\"_ _0\"></span>er to ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Interest rate<span class=\"_ _3\"></span> sensitivit<span class=\"_ _0\"></span>y The i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces net of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es (<span class=\"_ _3\"></span>exclu<span class=\"_ _0\"></span>ding l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties) at the ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. All fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n fina<span class=\"_ _0\"></span>ncing li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, are i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t free<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>If und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es had b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 0.<span class=\"_ _0\"></span>5% higher a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ll oth<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es wer<span class=\"_ _0\"></span>e held co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s profit a<span class=\"_ _0\"></span>fte<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 and r<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ves wou<span class=\"_ _0\"></span>ld inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se by \u00a30.4m (2022<span class=\"_ _0\"></span>: \u00a30.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>For<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>gn c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>enc<span class=\"_ _2\"></span>y risk<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tional forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y risk fro<span class=\"_ _0\"></span>m tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions in c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an t<span class=\"_ _0\"></span>he func<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy of<span class=\"_ _0\"></span> indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual g<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd so<span class=\"_ _0\"></span>me ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al foreig<span class=\"_ _0\"></span>n curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk from t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>ts fore<span class=\"_ _0\"></span>ign op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>he nee<span class=\"_ _0\"></span>d to hed<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te and w<span class=\"_ _0\"></span>ill en<span class=\"_ _0\"></span>ter in<span class=\"_ _0\"></span>to for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd foreign e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to mi<span class=\"_ _0\"></span>tiga<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>ny signifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up fully he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d the U<span class=\"_ _0\"></span>S doll<span class=\"_ _0\"></span>ar ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure o<span class=\"_ _0\"></span>n the pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt no<span class=\"_ _0\"></span>tes un<span class=\"_ _0\"></span>til se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>ber 2022 i<span class=\"_ _0\"></span>nto pou<span class=\"_ _0\"></span>nds s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng usin<span class=\"_ _0\"></span>g cros<span class=\"_ _0\"></span>s-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>t rate s<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>ps (<span class=\"_ _3\"></span>se<span class=\"_ _0\"></span>e He<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>4.1<span class=\"_ _15\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>26.4m<span class=\"_ _3\"></span>) of ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s were h<span class=\"_ _0\"></span>eld in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans w<span class=\"_ _0\"></span>ere \u00a38<span class=\"_ _0\"></span>.4m (2022: \u00a38.<span class=\"_ _0\"></span>5m) of loa<span class=\"_ _0\"></span>ns de<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ed in foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>25. Finan<span class=\"_ _0\"></span>cial inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>ts continued<span class=\"_ _332\"> </span>Liquidit<span class=\"_ _0\"></span>y risk<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up mo<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k usin<span class=\"_ _0\"></span>g a ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on mo<span class=\"_ _0\"></span>del w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s the m<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k loa<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich all<span class=\"_ _0\"></span>ow for appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate h<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>roo<span class=\"_ _0\"></span>m in the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s daily c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re the<span class=\"_ _0\"></span>n ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d. De<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ails of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s bank fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e found in No<span class=\"_ _0\"></span>te 24.<span class=\"_ _332\"> </span>The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s belo<span class=\"_ _0\"></span>w summ<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profi<span class=\"_ _0\"></span>le (in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng bot<span class=\"_ _0\"></span>h und<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>ncipa<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h flows<span class=\"_ _3\"></span>) of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es:<span class=\"_ _332\"> </span>Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s at 31 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _332\"> </span>With<span class=\"_ _0\"></span>in <span class=\"_ _15\"></span> on<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Between on<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>and fi<span class=\"_ _0\"></span>ve ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rs <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Af<span class=\"_ _0\"></span>ter <span class=\"_ _3\"></span> five y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade payables<span class=\"_ _1d4\"> </span><span class=\"ff89 ws0\">230.5<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>230.5<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>ther payables<span class=\"_ _2a1\"> </span><span class=\"ff89 ws0\">20.4<span class=\"_ _66\"> </span>2.3<span class=\"_ _60\"> </span>\u2013<span class=\"_ _6b\"> </span>22.7<span class=\"_ _332\"> </span></span>Accr<span class=\"_ _0\"></span>uals<span class=\"_ _2a2\"> </span><span class=\"ff89 ls4 ws0\">525.6<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>525.6<span class=\"_ _332\"> </span></span>Finan<span class=\"_ _0\"></span>cing liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _1dc\"> </span><span class=\"ff89 ls4 ws0\">50.2<span class=\"_ _cf\"> </span>134.6<span class=\"_ _164\"> </span>155.3<span class=\"_ _f4\"> </span>340.1<span class=\"_ _332\"> </span></span>Finan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _2a3\"> </span><span class=\"ff89 ls4 ws0\">826.7<span class=\"_ _164\"> </span>136.9<span class=\"_ _164\"> </span>155.3<span class=\"_ _1b\"> </span>1,118.9<span class=\"_ _332\"> </span></span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span>Within <span class=\"ls4 ws0\"> </span>one y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Between one <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>an<span class=\"_ _0\"></span>d five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>After  five year<span class=\"_ _0\"></span>s <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rade payables<span class=\"_ _2a4\"> </span><span class=\"ws0\">134.8<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>134.8<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>ther payables<span class=\"_ _234\"> </span><span class=\"ws0\">54.4<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _60\"> </span>\u2013<span class=\"_ _80\"> </span>57.2<span class=\"_ _332\"> </span></span>Accr<span class=\"_ _0\"></span>uals<span class=\"_ _22f\"> </span><span class=\"ls4 ws0\">534.3<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>534.3<span class=\"_ _332\"> </span></span>Finan<span class=\"_ _0\"></span>cing liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _2a3\"> </span><span class=\"ls4 ws0\">189.6<span class=\"_ _3a\"> </span>111.6<span class=\"_ _80\"> </span>24.4<span class=\"_ _3a\"> </span>325.6<span class=\"_ _332\"> </span></span>Finan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _1dc\"> </span><span class=\"ls4 ws0\">913.1<span class=\"_ _3a\"> </span>114.4<span class=\"_ _d2\"> </span>24.4<span class=\"_ _bb\"> </span>1,051.9<span class=\"_ _332\"> </span></span>Credit risk The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s credi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k is mon<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>red o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g ba<span class=\"_ _0\"></span>sis an<span class=\"_ _0\"></span>d forma<span class=\"_ _0\"></span>lly re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted qua<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>terly. The va<span class=\"_ _0\"></span>lue of b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss pl<span class=\"_ _0\"></span>aced w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons is revi<span class=\"_ _0\"></span>ewed o<span class=\"_ _0\"></span>n a dail<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s credi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k on liq<span class=\"_ _0\"></span>uid fund<span class=\"_ _0\"></span>s and d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e finan<span class=\"_ _0\"></span>cial i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th h<span class=\"_ _0\"></span>igh cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gs as<span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>ned by i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>cies a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>d thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h regu<span class=\"_ _0\"></span>lar re<span class=\"_ _0\"></span>view.<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k on c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate is \u00a3<span class=\"_ _0\"></span>248.3m (202<span class=\"_ _0\"></span>2: \u00a3345.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). At 3<span class=\"_ _6\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2022, th<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osure to c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>isk in re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion to d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es at t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te wa<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>9.6m, b<span class=\"_ _0\"></span>eing p<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of inter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s credi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k is pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to i<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces from cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re accep<span class=\"_ _0\"></span>ting a n<span class=\"_ _0\"></span>ew cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p uses e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al cred<span class=\"_ _0\"></span>it s<span class=\"_ _0\"></span>corin<span class=\"_ _0\"></span>g sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>\u2019s credi<span class=\"_ _0\"></span>t qua<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>efine a<span class=\"_ _0\"></span>n ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t limi<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich is rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly.<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ued in<span class=\"_ _0\"></span>come a<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>s the fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span> and a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>come<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s cust<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>se is la<span class=\"_ _0\"></span>rge a<span class=\"_ _0\"></span>nd un<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, accord<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es not h<span class=\"_ _0\"></span>ave a sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t concen<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k with any on<span class=\"_ _3\"></span>e counterpar<span class=\"_ _0\"></span>ty or group<span class=\"_ _3\"></span> of c<span class=\"_ _3\"></span>ounterpar<span class=\"_ _0\"></span>ties.<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t in rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s trad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>come a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>re pres<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted ne<span class=\"_ _0\"></span>t of los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ces. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ms an im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>is at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>res lo<span class=\"_ _0\"></span>ss all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nces on r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s from cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t equ<span class=\"_ _0\"></span>al to lifeti<span class=\"_ _0\"></span>me ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses (E<span class=\"_ _0\"></span>CLs) using bo<span class=\"_ _0\"></span>th qu<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive a<span class=\"_ _0\"></span>nd qu<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> on th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce, an<span class=\"_ _0\"></span>d forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r rece<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es are a<span class=\"_ _0\"></span>lso su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to th<span class=\"_ _0\"></span>e impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t req<span class=\"_ _0\"></span>uirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of I<span class=\"_ _0\"></span>FRS 9<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce is mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to ar<span class=\"_ _0\"></span>ise in<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>the 1<span class=\"_ _3\"></span>2 mon<span class=\"_ _0\"></span>ths su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. At 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 a l<span class=\"_ _0\"></span>oss a<span class=\"_ _0\"></span>llowa<span class=\"_ _0\"></span>nce of \u00a36<span class=\"_ _0\"></span>.2m (<span class=\"_ _0\"></span>2022: \u00a3<span class=\"_ _3\"></span>4.1<span class=\"_ _6\"></span>m) wa<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of other receivables.<span class=\"_ _332\"> </span>The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>sk an<span class=\"_ _0\"></span>d ECL<span class=\"_ _0\"></span>s ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces:<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ade rec<span class=\"_ _3\"></span>eiva<span class=\"_ _0\"></span>bles 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Gross<span class=\"_ _3\"></span> carrying amount <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Loss <span class=\"_ _3\"></span> allowance <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Net carrying<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>amount <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Gross car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>amount <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Loss <span class=\"ls4 ws0\"> </span>allowa<span class=\"_ _0\"></span>nce <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Net carr<span class=\"_ _0\"></span>ying <span class=\"ls4 ws0\"> </span>amount <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>rent (not overd<span class=\"_ _0\"></span>ue<span class=\"_ _3\"></span>)<span class=\"_ _2a5\"> </span><span class=\"ff89 ls4\"> 420.5<span class=\"_ _58\"> </span>(2.4)<span class=\"_ _72\"> </span>418.1<span class=\"_ _87\"> </span><span class=\"ff88\">363.4<span class=\"_ _59\"> </span>(1.3)<span class=\"_ _cf\"> </span>362.1<span class=\"_ _332\"> </span></span></span>1<span class=\"_ _3\"></span>-<span class=\"_ _3\"></span>30 d<span class=\"_ _0\"></span>ays over<span class=\"_ _0\"></span>due<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">25.4<span class=\"_ _e6\"> </span>(0.2)<span class=\"_ _e0\"> </span>25.2<span class=\"_ _7f\"> </span><span class=\"ff88\">16.4<span class=\"_ _87\"> </span>(0.1)<span class=\"_ _9d\"> </span>16.3<span class=\"_ _332\"> </span></span></span>3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 days ove<span class=\"_ _0\"></span>rdu<span class=\"_ _0\"></span>e<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">5.4<span class=\"_ _58\"> </span>(0.1)<span class=\"_ _80\"> </span>5.3<span class=\"_ _69\"> </span><span class=\"ff88\">5.4<span class=\"_ _87\"> </span>(0.1)<span class=\"_ _87\"> </span>5.3<span class=\"_ _332\"> </span></span></span>6<span class=\"_ _15\"></span>1-<span class=\"_ _3\"></span>90 day<span class=\"_ _0\"></span>s overd<span class=\"_ _0\"></span>ue<span class=\"_ _8a\"> </span><span class=\"ff89 ls4\">2.0<span class=\"_ _58\"> </span>(0.1)<span class=\"_ _80\"> </span>1.9<span class=\"_ _60\"> </span><span class=\"ff88\">1.6<span class=\"_ _47\"> </span> (0.1)<span class=\"_ _87\"> </span>1.5<span class=\"_ _332\"> </span></span></span>Mor<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>n 90 day<span class=\"_ _0\"></span>s overd<span class=\"_ _0\"></span>ue<span class=\"_ _259\"> </span><span class=\"ff89 ls4\">10.8<span class=\"_ _5c\"> </span>(10.5)<span class=\"_ _80\"> </span>0.3<span class=\"_ _11a\"> </span><span class=\"ff88\">11.4<span class=\"_ _1c7\"> </span>(10.3)<span class=\"_ _87\"> </span>1.1<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _b4\"> </span><span class=\"ff89 ls4 ws0\">464.1<span class=\"_ _a2\"> </span>(13.3)<span class=\"_ _72\"> </span>450.8<span class=\"_ _87\"> </span><span class=\"ff88\">398.2<span class=\"_ _9d\"> </span>(11.9)<span class=\"_ _164\"> </span>386.3<span class=\"_ _332\"> </span></span></span>25. Finan<span class=\"_ _0\"></span>cial inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>ts continued<span class=\"_ _332\"> </span>Accrued income 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Gross<span class=\"_ _3\"></span> carrying amount <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Loss <span class=\"_ _3\"></span> allowance <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Net carrying<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>amount <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Gross car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>amount <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Loss <span class=\"ls4 ws0\"> </span>allowa<span class=\"_ _0\"></span>nce <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Net carr<span class=\"_ _0\"></span>ying <span class=\"ls4 ws0\"> </span>amount <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>-<span class=\"_ _3\"></span>30 d<span class=\"_ _0\"></span>ays over<span class=\"_ _0\"></span>due<span class=\"_ _158\"> </span><span class=\"ff89 ls4\">225.4<span class=\"_ _58\"> </span>(3.1)<span class=\"_ _72\"> </span>222.3<span class=\"_ _59\"> </span><span class=\"ff88\">202.6<span class=\"_ _87\"> </span>(2.8)<span class=\"_ _cf\"> </span>199.8<span class=\"_ _332\"> </span></span></span>3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 days ove<span class=\"_ _0\"></span>rdu<span class=\"_ _0\"></span>e<span class=\"_ _2a6\"> </span><span class=\"ff89 ls4\">22.5<span class=\"_ _58\"> </span>(0.2)<span class=\"_ _160\"> </span>22.3<span class=\"_ _7f\"> </span><span class=\"ff88\">16.6<span class=\"_ _87\"> </span>(0.1)<span class=\"_ _9d\"> </span>16.5<span class=\"_ _332\"> </span></span></span>6<span class=\"_ _15\"></span>1-<span class=\"_ _3\"></span>90 day<span class=\"_ _0\"></span>s overd<span class=\"_ _0\"></span>ue<span class=\"_ _39\"> </span><span class=\"ff89 ls4\">11.4<span class=\"_ _58\"> </span>(0.2)<span class=\"_ _e0\"> </span>11.2<span class=\"_ _60\"> </span><span class=\"ff88\">9.4<span class=\"_ _87\"> </span>(0.4)<span class=\"_ _87\"> </span>9.0<span class=\"_ _332\"> </span></span></span>Mor<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>n 90 day<span class=\"_ _0\"></span>s overd<span class=\"_ _0\"></span>ue<span class=\"_ _259\"> </span><span class=\"ff89 ls4\">31.2<span class=\"_ _e6\"> </span>(8.1)<span class=\"_ _e0\"> </span>23.1<span class=\"_ _7f\"> </span><span class=\"ff88\">21.2<span class=\"_ _87\"> </span>(6.8)<span class=\"_ _9d\"> </span>14.4<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _b4\"> </span><span class=\"ff89 ls4 ws0\">290.5<span class=\"_ _a2\"> </span>(11.6)<span class=\"_ _72\"> </span>278.9<span class=\"_ _87\"> </span><span class=\"ff88\">249.8<span class=\"_ _9d\"> </span>(10.1)<span class=\"_ _164\"> </span>239.7<span class=\"_ _332\"> </span></span></span>The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s the m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he al<span class=\"_ _0\"></span>lowa<span class=\"_ _0\"></span>nce for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of trad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>come:<span class=\"_ _332\"> </span>2023 <span class=\"_ _123\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span></span>T<span class=\"_ _3\"></span>rade rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les \u00a3m<span class=\"_ _332\"> </span>Accrued income<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _3\"></span>eiva<span class=\"_ _0\"></span>bles<span class=\"_ _332\"> </span>\u00a3m Accrued<span class=\"_ _3\"></span> income<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _2a7\"> </span><span class=\"ff89 ls4\">11.9<span class=\"_ _6b\"> </span>10.1<span class=\"_ _7f\"> </span><span class=\"ff88\">10.5<span class=\"_ _d2\"> </span>10.8<span class=\"_ _332\"> </span></span></span>Impairment losses<span class=\"_ _3\"></span> recognis<span class=\"_ _3\"></span>ed<span class=\"_ _272\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _66\"> </span>1.5<span class=\"_ _60\"> </span><span class=\"ff88\">1.5<span class=\"_ _1a5\"> </span>0.6<span class=\"_ _332\"> </span></span></span>Rev<span class=\"_ _3\"></span>ers<span class=\"_ _0\"></span>al o<span class=\"_ _3\"></span>f impairment <span class=\"_ _23b\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _87\"> </span>(1.3)<span class=\"_ _332\"> </span></span></span>Disposal of businesses<span class=\"_ _16c\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _1d6\"> </span> \u2013<span class=\"_ _62\"> </span><span class=\"ff88\"> (0.1)<span class=\"_ _135\"> </span> \u2013<span class=\"_ _332\"> </span></span></span>Acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s<span class=\"_ _7a\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _60\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _1eb\"> </span><span class=\"ff89 ls4\"> 13.3<span class=\"_ _6b\"> </span>11.6<span class=\"_ _219\"> </span><span class=\"ff88\"> 11.9<span class=\"_ _80\"> </span>10.1<span class=\"_ _332\"> </span></span></span>Capit<span class=\"_ _0\"></span>al management risk The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al to e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to conti<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>s a goi<span class=\"_ _0\"></span>ng conce<span class=\"_ _0\"></span>rn w<span class=\"_ _0\"></span>hile m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>ising t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>turn t<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>keho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> thro<span class=\"_ _0\"></span>ugh t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>timi<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion of d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up cons<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of net d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t per N<span class=\"_ _0\"></span>ote 27 and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y per t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of chan<span class=\"_ _0\"></span>ges in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup is n<span class=\"_ _0\"></span>ot sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ally i<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>sed re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>ator<span class=\"_ _2\"></span>y capi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Hedging acti<span class=\"_ _0\"></span>vities<span class=\"_ _332\"> </span>Der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s \u2013 ca<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up hel<span class=\"_ _0\"></span>d a num<span class=\"_ _0\"></span>ber of cr<span class=\"_ _0\"></span>oss-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges on U<span class=\"_ _0\"></span>S$<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>53.0m of p<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ate p<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t note<span class=\"_ _0\"></span>s. B<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nnua<span class=\"_ _0\"></span>l fixed<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d in US d<span class=\"_ _0\"></span>olla<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds to D<span class=\"_ _0\"></span>ecem<span class=\"_ _0\"></span>ber 202<span class=\"_ _0\"></span>2 from the U<span class=\"_ _0\"></span>S pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t are e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ged for fixed<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d in po<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ling. A fair v<span class=\"_ _0\"></span>alue g<span class=\"_ _0\"></span>ain of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>6m (2022<span class=\"_ _0\"></span>: \u00a35.1<span class=\"_ _15\"></span>m ga<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>) w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in oth<span class=\"_ _0\"></span>er com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>come d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. A<span class=\"_ _0\"></span>ll ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges we<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g high<span class=\"_ _0\"></span>ly effec<span class=\"_ _2\"></span>tive as a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 a<span class=\"_ _0\"></span>nd no a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s (2022: \u00a3<span class=\"_ _0\"></span>nil) re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to he<span class=\"_ _0\"></span>dge in<span class=\"_ _0\"></span>effec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iven<span class=\"_ _0\"></span>ess we<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. On 1<span class=\"_ _3\"></span>6 De<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p repa<span class=\"_ _0\"></span>id th<span class=\"_ _0\"></span>e US$1<span class=\"_ _6\"></span>53.0<span class=\"_ _0\"></span>m pr<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ent n<span class=\"_ _0\"></span>otes a<span class=\"_ _0\"></span>nd se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d the c<span class=\"_ _0\"></span>ross-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lue of de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te wa<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>Hedging instrument <span class=\"_ _77\"> </span>Hedged item<span class=\"_ _332\"> </span>Cross-cu<span class=\"_ _0\"></span>rrency interest rate swa<span class=\"_ _0\"></span>ps <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>For<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard foreig<span class=\"_ _0\"></span>n exchange<span class=\"_ _3\"></span> contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>US$ private placement notes <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _2a8\"> </span><span class=\"ls4\">14.6<span class=\"_ _47\"> </span> (0.1)<span class=\"_ _cf\"> </span><span class=\"ff89\"> 14.5<span class=\"_ _160\"> </span>(110.3)<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _2a9\"> </span><span class=\"ls4\">5.0<span class=\"_ _102\"> </span> 0.1<span class=\"_ _d2\"> </span><span class=\"ff89\"> 5.1<span class=\"_ _1a5\"> </span>(5.6)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _2aa\"> </span><span class=\"ls4\">19.6<span class=\"_ _1d6\"> </span> \u2013<span class=\"_ _21a\"> </span><span class=\"ff89\">19.6<span class=\"_ _e0\"> </span>(115.9)<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _2a9\"> </span><span class=\"ls4\">9.6<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">9.6<span class=\"_ _1a5\"> </span>(9.9)<span class=\"_ _332\"> </span></span></span>Set<span class=\"_ _0\"></span>tlement o<span class=\"_ _3\"></span>f derivative financi<span class=\"_ _3\"></span>al instrument<span class=\"_ _0\"></span>s<span class=\"_ _2ab\"> </span><span class=\"ls4 ws0\">(29.2)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _5c\"> </span><span class=\"ff89\">(29.2)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>Repa<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>ment o<span class=\"_ _3\"></span>f private plac<span class=\"_ _3\"></span>ement loan notes<span class=\"_ _2ac\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _58\"> </span>125.8<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _225\"> </span><span class=\"ff88 ls4\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _d6\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>Hed<span class=\"_ _0\"></span>ge of n<span class=\"_ _0\"></span>et inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 w<span class=\"_ _0\"></span>as a b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>g of \u20ac9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m (2022: \u20ac<span class=\"_ _0\"></span>9<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) whi<span class=\"_ _0\"></span>ch ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a hed<span class=\"_ _0\"></span>ge of the n<span class=\"_ _0\"></span>et inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>e Repu<span class=\"_ _0\"></span>blic of I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss of Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _3\"></span>ech<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, an<span class=\"_ _0\"></span>d is be<span class=\"_ _0\"></span>ing us<span class=\"_ _0\"></span>ed to he<span class=\"_ _0\"></span>dge th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s expo<span class=\"_ _0\"></span>sure to forei<span class=\"_ _0\"></span>gn exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>on th<span class=\"_ _0\"></span>is inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. G<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s or los<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the b<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>owing a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsferr<span class=\"_ _0\"></span>ed to ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncome t<span class=\"_ _0\"></span>o offse<span class=\"_ _0\"></span>t gai<span class=\"_ _0\"></span>ns or lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e net inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>26. L<span class=\"_ _3\"></span>eases<span class=\"_ _332\"> </span>Righ<span class=\"_ _0\"></span>t-of-<span class=\"_ _0\"></span>use asse<span class=\"_ _0\"></span>ts<span class=\"_ _332\"> </span>Proper<span class=\"_ _0\"></span>ties <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span> \u00a3m<span class=\"_ _332\"> </span>Pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd ve<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _16d\"> </span><span class=\"ls4\">37.2<span class=\"_ _d2\"> </span>56.4<span class=\"_ _6b\"> </span><span class=\"ff89\">93.6<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _2ad\"> </span><span class=\"ls4 ws0\">15.4<span class=\"_ _80\"> </span>33.8<span class=\"_ _21a\"> </span><span class=\"ff89\">49.2<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _2ae\"> </span><span class=\"ls4 ws0\">0.5<span class=\"_ _84\"> </span>0.2<span class=\"_ _66\"> </span><span class=\"ff89\">0.7<span class=\"_ _332\"> </span></span></span>Disposal of businesses<span class=\"_ _275\"> </span><span class=\"ws0\">(1.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(1.5)<span class=\"_ _332\"> </span></span></span>Impairment<span class=\"_ _2af\"> </span><span class=\"ls4 ws0\">(0.2)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(0.2)<span class=\"_ _332\"> </span></span></span>Mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons to l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rms a<span class=\"_ _0\"></span>nd dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>als<span class=\"_ _1e6\"> </span><span class=\"ls4\">(2.8)<span class=\"_ _87\"> </span>7.3<span class=\"_ _66\"> </span><span class=\"ff89\">4.5<span class=\"_ _332\"> </span></span></span>Depreciation<span class=\"_ _0\"></span> <span class=\"_ _2b0\"> </span><span class=\"ls4 ws0\">(6.3)<span class=\"_ _a2\"> </span>(26.0)<span class=\"_ _7c\"> </span><span class=\"ff89\">(32.3)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _2b1\"> </span><span class=\"ls4\">42.3<span class=\"_ _80\"> </span>71.7<span class=\"_ _f4\"> </span><span class=\"ff89\">114.0<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _1b9\"> </span><span class=\"ls4 ws0\">1.0<span class=\"_ _80\"> </span>40.7<span class=\"_ _21a\"> </span><span class=\"ff89\">41.7<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _2ae\"> </span><span class=\"ls4 ws0\">0.6<span class=\"_ _84\"> </span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.7<span class=\"_ _332\"> </span></span></span>Impairment<span class=\"_ _2af\"> </span><span class=\"ls4 ws0\">(0.2)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(0.2)<span class=\"_ _332\"> </span></span></span>Mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons to l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rms a<span class=\"_ _0\"></span>nd dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>als<span class=\"_ _2b2\"> </span><span class=\"ls4\">0.5<span class=\"_ _84\"> </span>1.5<span class=\"_ _66\"> </span><span class=\"ff89\">2.0<span class=\"_ _332\"> </span></span></span>Depreciation<span class=\"_ _0\"></span> <span class=\"_ _2b0\"> </span><span class=\"ls4 ws0\">(6.3)<span class=\"_ _a2\"> </span>(28.1)<span class=\"_ _7c\"> </span><span class=\"ff89\">(34.4)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _2b3\"> </span><span class=\"ff88 ls4\">37.9<span class=\"_ _80\"> </span>85.9<span class=\"_ _f4\"> </span><span class=\"ff89\">123.8<span class=\"_ _332\"> </span></span></span>Lease liabili<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _289\"> </span><span class=\"ff89 ls4\">122.5<span class=\"_ _3a\"> </span><span class=\"ff88\">106.8<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _2b4\"> </span><span class=\"ff89 ls4 ws0\">42.0<span class=\"_ _80\"> </span><span class=\"ff88\">48.9<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _28b\"> </span><span class=\"ff89 ls4 ws0\">0.5<span class=\"_ _84\"> </span><span class=\"ff88\">0.7<span class=\"_ _332\"> </span></span></span>Disposal of businesses <span class=\"_ _182\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _7d\"> </span><span class=\"ff88\">(1.5)<span class=\"_ _332\"> </span></span></span>Mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons to l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rms a<span class=\"_ _0\"></span>nd dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>als<span class=\"_ _2b5\"> </span><span class=\"ff89 ls4\">(1.1)<span class=\"_ _87\"> </span><span class=\"ff88\">1.5<span class=\"_ _332\"> </span></span></span>Inter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ense re<span class=\"_ _0\"></span>lated to le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties<span class=\"_ _2b6\"> </span><span class=\"ff89 ls4 ws0\">4.2<span class=\"_ _84\"> </span><span class=\"ff88\">4.0<span class=\"_ _332\"> </span></span></span>Repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties (<span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>ding i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t)<span class=\"_ _2b7\"> </span><span class=\"ff89 ls4\">(38.7)<span class=\"_ _a2\"> </span><span class=\"ff88\">(37.9)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _28c\"> </span><span class=\"ff89 ls4\">129.4<span class=\"_ _3a\"> </span><span class=\"ff88\">122.5<span class=\"_ _332\"> </span></span></span>Ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s \u2013 co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l un<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Less t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar<span class=\"_ _181\"> </span><span class=\"ff89 ls4\">36.1<span class=\"_ _80\"> </span><span class=\"ff88\">33.8<span class=\"_ _332\"> </span></span></span>On<span class=\"_ _0\"></span>e to five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _249\"> </span><span class=\"ff89 ls4\">87.0<span class=\"_ _d2\"> </span><span class=\"ff88\">76.8<span class=\"_ _332\"> </span></span></span>Mor<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>n five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _251\"> </span><span class=\"ff89 ls4\">18.4<span class=\"_ _d2\"> </span><span class=\"ff88\">24.4<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal undiscounted<span class=\"_ _3\"></span> lea<span class=\"_ _0\"></span>se liabil<span class=\"_ _3\"></span>ities<span class=\"_ _28e\"> </span><span class=\"ff89 ls4 ws0\">141.5<span class=\"_ _6a\"> </span><span class=\"ff88\">135.0<span class=\"_ _332\"> </span></span></span>Le<span class=\"_ _0\"></span>ase l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _1dc\"> </span><span class=\"ff89 ls4\">129.4<span class=\"_ _3a\"> </span><span class=\"ff88\">122.5<span class=\"_ _332\"> </span></span></span>Curre<span class=\"_ _0\"></span>nt <span class=\"_ _147\"> </span><span class=\"ff89 ls4 ws0\">32.0<span class=\"_ _d2\"> </span><span class=\"ff88\">30.1<span class=\"_ _332\"> </span></span></span>Non-current<span class=\"_ _2b8\"> </span><span class=\"ff89 ls4 ws0\">97.4<span class=\"_ _80\"> </span><span class=\"ff88\">92.4<span class=\"_ _332\"> </span></span></span>Amounts recognised in the<span class=\"_ _3\"></span> consolidated income statement<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _1e3\"> </span><span class=\"ff89 ls4\">(34.4)<span class=\"_ _a2\"> </span><span class=\"ff88\">(32.3)<span class=\"_ _332\"> </span></span></span>Shor<span class=\"_ _0\"></span>t-t<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>m lease expense<span class=\"_ _2a0\"> </span><span class=\"ff89 ws0\">(0.1)<span class=\"_ _e6\"> </span><span class=\"ff88\">(1.1)<span class=\"_ _332\"> </span></span></span>Low-va<span class=\"_ _0\"></span>lue le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e<span class=\"_ _24d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _7d\"> </span><span class=\"ff88\">(0.1)<span class=\"_ _332\"> </span></span></span>Oper<span class=\"_ _0\"></span>ating profit impact<span class=\"_ _278\"> </span><span class=\"ff89 ws0\">(34.5)<span class=\"_ _a2\"> </span><span class=\"ff88\">(33.5)<span class=\"_ _332\"> </span></span></span>Inter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t on lea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _17c\"> </span><span class=\"ff89 ls4 ws0\">(4.2)<span class=\"_ _150\"> </span><span class=\"ff88\">(4.0)<span class=\"_ _332\"> </span></span></span>Pro<span class=\"_ _0\"></span>fit b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re ta<span class=\"_ _2\"></span>x impac<span class=\"_ _0\"></span>t<span class=\"_ _14c\"> </span><span class=\"ff89 ls4\">(38.7)<span class=\"_ _a2\"> </span><span class=\"ff88\">(37.5)<span class=\"_ _332\"> </span></span></span>Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flow for ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>38.7<span class=\"_ _80\"> </span><span class=\"ff88\">37.9<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l ele<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _0\"></span>5m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>33.9m<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of \u00a34.2<span class=\"_ _0\"></span>m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>27<span class=\"_ _9\"></span>. A<span class=\"_ _0\"></span>nalysis of net debt<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (Not<span class=\"_ _0\"></span>e 23<span class=\"_ _3\"></span>)<span class=\"_ _275\"> </span><span class=\"ff89 ls4\">248.3<span class=\"_ _3a\"> </span><span class=\"ff88\">345.2<span class=\"_ _332\"> </span></span></span>Adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for: re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(6.4)<span class=\"_ _a2\"> </span><span class=\"ff88\">(37.5)<span class=\"_ _332\"> </span></span>Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans (N<span class=\"_ _0\"></span>ote 24)<span class=\"_ _2b9\"> </span><span class=\"ff89 ls4\">(7.2)<span class=\"_ _e6\"> </span><span class=\"ff88\">(7.1)<span class=\"_ _332\"> </span></span></span>Pri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te pla<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt no<span class=\"_ _0\"></span>tes (N<span class=\"_ _0\"></span>ote 24<span class=\"_ _3\"></span>)<span class=\"_ _2ba\"> </span><span class=\"ff89 ls4\">(149.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(171.0)<span class=\"_ _332\"> </span></span></span>Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>edgi<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ate pl<span class=\"_ _0\"></span>acem<span class=\"_ _0\"></span>ent n<span class=\"_ _0\"></span>otes (N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>5)<span class=\"_ _260\"> </span><span class=\"ff89 ls4\">\u2013 <span class=\"_ _1c7\"> </span><span class=\"ff88\">19.6<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re le<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _254\"> </span><span class=\"ff89 ls4\">85.3<span class=\"_ _3a\"> </span><span class=\"ff88\">149.2<span class=\"_ _332\"> </span></span></span>Lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 26<span class=\"_ _3\"></span>)<span class=\"_ _2bb\"> </span><span class=\"ff89 ls4 ws0\">(129.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(122.5)<span class=\"_ _332\"> </span></span></span>Net (<span class=\"_ _15\"></span>debt)<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>cash<span class=\"_ _13a\"> </span><span class=\"ff89 ls4 ws0\">(44.1)<span class=\"_ _52\"> </span><span class=\"ff88\">26.7<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h of \u00a36<span class=\"_ _0\"></span>.4m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m). At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2, \u00a3<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h wh<span class=\"_ _0\"></span>ich w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d acr<span class=\"_ _0\"></span>oss t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s ba<span class=\"_ _0\"></span>nk ac<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he CI<span class=\"_ _0\"></span>D faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s als<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld on t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e CID fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>his c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e CID fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>er by 5 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 202<span class=\"_ _0\"></span>2 an<span class=\"_ _0\"></span>d wa<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>. Rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flow t<span class=\"_ _0\"></span>o move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>bt<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Net (<span class=\"_ _15\"></span>de<span class=\"_ _0\"></span>crease<span class=\"_ _3\"></span>)/increase in cash and cash equiva<span class=\"_ _0\"></span>lents <span class=\"_ _100\"> </span><span class=\"ff89 ws0\">(97.9)<span class=\"_ _cf\"> </span><span class=\"ff88\">149.2<span class=\"_ _332\"> </span></span></span>Dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) in re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh h<span class=\"_ _0\"></span>eld o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>31.1<span class=\"_ _9d\"> </span><span class=\"ff88\">(18.8)<span class=\"_ _332\"> </span></span>Net (<span class=\"_ _15\"></span>decrease<span class=\"_ _15\"></span>)/increase<span class=\"_ _3\"></span> in unrestricted cash and cash equivalents<span class=\"_ _165\"> </span><span class=\"ff89 ls4 ws0\">(66.8)<span class=\"_ _164\"> </span><span class=\"ff88\">130.4<span class=\"_ _332\"> </span></span></span>Cash driv<span class=\"_ _3\"></span>ers<span class=\"_ _332\"> </span>Proce<span class=\"_ _0\"></span>eds fro<span class=\"_ _0\"></span>m new pr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ate pl<span class=\"_ _0\"></span>acem<span class=\"_ _0\"></span>ent n<span class=\"_ _0\"></span>otes<span class=\"_ _2bc\"> </span><span class=\"ff89 ls4\">(120.0)<span class=\"_ _153\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Private plac<span class=\"_ _3\"></span>ement notes<span class=\"_ _3\"></span> repaid<span class=\"_ _22c\"> </span><span class=\"ff89 ls4 ws0\">150.8<span class=\"_ _60\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Set<span class=\"_ _0\"></span>tlement o<span class=\"_ _3\"></span>f derivative financi<span class=\"_ _3\"></span>al instrument<span class=\"_ _0\"></span>s<span class=\"_ _1db\"> </span><span class=\"ff89 ls4 ws0\">(29.2)<span class=\"_ _140\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans<span class=\"_ _2bd\"> </span><span class=\"ff89 ls4\">4.1<span class=\"_ _60\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Payment o<span class=\"_ _3\"></span>f arrangement f<span class=\"_ _3\"></span>ees<span class=\"_ _2be\"> </span><span class=\"ff89 ls4 ws0\">0.5<span class=\"_ _84\"> </span><span class=\"ff88\">1.7<span class=\"_ _332\"> </span></span></span>Capit<span class=\"_ _0\"></span>al element<span class=\"_ _3\"></span> of lease rentals<span class=\"_ _2bf\"> </span><span class=\"ff89 ls4 ws0\">34.5<span class=\"_ _80\"> </span><span class=\"ff88\">33.9<span class=\"_ _332\"> </span></span></span>Non-cash d<span class=\"_ _3\"></span>rivers<span class=\"_ _332\"> </span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k loa<span class=\"_ _0\"></span>ns<span class=\"_ _2b1\"> </span><span class=\"ff89 ls4\">(0.4)<span class=\"_ _58\"> </span><span class=\"ff88\">(2.0)<span class=\"_ _332\"> </span></span></span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te place<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d hed<span class=\"_ _0\"></span>ges<span class=\"_ _82\"> </span><span class=\"ff89 ls4\">(0.3)<span class=\"_ _e6\"> </span><span class=\"ff88\">(0.7)<span class=\"_ _332\"> </span></span></span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _188\"> </span><span class=\"ff89 ls4\">(41.4)<span class=\"_ _a2\"> </span><span class=\"ff88\">(49.6)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of foreig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s<span class=\"_ _2c0\"> </span><span class=\"ff89 ls4\">1.0<span class=\"_ _87\"> </span><span class=\"ff88\">(0.3)<span class=\"_ _332\"> </span></span></span>(Incr<span class=\"_ _3\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _15\"></span>)/<span class=\"_ _15\"></span>decrease in net debt<span class=\"_ _3\"></span> during the<span class=\"_ _3\"></span> year<span class=\"_ _2c1\"> </span><span class=\"ff89 ls4 ws0\">(67.2)<span class=\"_ _cf\"> </span><span class=\"ff88\">113.4<span class=\"_ _332\"> </span></span></span>Opening n<span class=\"_ _3\"></span>et ca<span class=\"_ _0\"></span>sh/<span class=\"_ _15\"></span>(<span class=\"_ _3\"></span>debt<span class=\"_ _3\"></span>)<span class=\"_ _2c2\"> </span><span class=\"ff89 ls4 ws0\">26.7<span class=\"_ _9d\"> </span><span class=\"ff88\">(86.7)<span class=\"_ _332\"> </span></span></span>De<span class=\"_ _0\"></span>bt acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d as p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of busine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _2bc\"> </span><span class=\"ff89 ls4\">(3.6)<span class=\"_ _140\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Closing net (<span class=\"_ _15\"></span>de<span class=\"_ _0\"></span>bt)<span class=\"_ _3\"></span>/cash<span class=\"_ _2c3\"> </span><span class=\"ff89 ls4 ws0\">(44.1)<span class=\"_ _9d\"> </span><span class=\"ff88\">26.7<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es d<span class=\"_ _0\"></span>ecr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh of \u00a31<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m (<span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>1.2m) and a de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se of \u00a3<span class=\"_ _0\"></span>20.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (2022<span class=\"_ _0\"></span>: inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e of \u00a320<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m) in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>at w<span class=\"_ _0\"></span>as h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d acr<span class=\"_ _0\"></span>oss t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s ban<span class=\"_ _0\"></span>k acco<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2 in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer i<span class=\"_ _0\"></span>nvoi<span class=\"_ _0\"></span>ce dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng (CID) faci<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh col<span class=\"_ _0\"></span>lec<span class=\"_ _2\"></span>ted from t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019s cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t for the CI<span class=\"_ _0\"></span>D fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>nd w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e CID fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r by 5 Ap<span class=\"_ _0\"></span>ril 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>28. S<span class=\"_ _0\"></span>hare capit<span class=\"_ _0\"></span>al and share premi<span class=\"_ _3\"></span>um<span class=\"_ _332\"> </span>Ordinary shares<span class=\"_ _ec\"> </span><span class=\"ls11f ws174\">Share<span class=\"_ _3\"></span> capital<span class=\"_ _3c\"> </span><span class=\"ls116 ws136\">S<span class=\"_ _0\"></span>hare premi<span class=\"_ _0\"></span>um<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> Number <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>million<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Number <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>million<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _97\"> </span><span class=\"ff89 ls4\">1,432.5<span class=\"_ _72\"> </span><span class=\"ff88\">1,427.2<span class=\"_ _219\"> </span></span>35.7<span class=\"_ _80\"> </span><span class=\"ff88\">35.6<span class=\"_ _58\"> </span></span>130.6<span class=\"_ _3a\"> </span><span class=\"ff88\">130.6<span class=\"_ _332\"> </span></span></span>Iss<span class=\"_ _0\"></span>ue of sha<span class=\"_ _0\"></span>res<span class=\"_ _2c4\"> </span><span class=\"ff89 ls4\">1.6<span class=\"_ _84\"> </span><span class=\"ff88\">5.3<span class=\"_ _d6\"> </span></span>\u2013<span class=\"_ _1a5\"> </span><span class=\"ff88\">0.1<span class=\"_ _101\"> </span></span>0.9<span class=\"_ _60\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>Share bu<span class=\"_ _0\"></span>yback<span class=\"_ _0\"></span>s<span class=\"_ _2c5\"> </span><span class=\"ff89 ls4 ws0\">(68.8)<span class=\"_ _153\"> </span><span class=\"ff88\">\u2013<span class=\"_ _62\"> </span></span>(1.7)<span class=\"_ _140\"> </span><span class=\"ff88\">\u2013<span class=\"_ _d6\"> </span></span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">\u2013<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">1,365.3<span class=\"_ _bb\"> </span><span class=\"ff88\">1,432.5<span class=\"_ _219\"> </span></span>34.0<span class=\"_ _80\"> </span><span class=\"ff88\">35.7<span class=\"_ _58\"> </span></span>131.5<span class=\"_ _3a\"> </span><span class=\"ff88\">130.6<span class=\"_ _332\"> </span></span></span>Eac<span class=\"_ _0\"></span>h allot<span class=\"_ _2\"></span>ted and full<span class=\"_ _0\"></span>y pai<span class=\"_ _0\"></span>d ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e of 2.<span class=\"_ _0\"></span>5 pe<span class=\"_ _0\"></span>nce is a vot<span class=\"_ _0\"></span>ing sh<span class=\"_ _0\"></span>are in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al of th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany, is enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in th<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the<span class=\"_ _0\"></span> Com<span class=\"_ _0\"></span>pany, and on a w<span class=\"_ _0\"></span>indin<span class=\"_ _0\"></span>g-<span class=\"_ _0\"></span>up is en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>ate in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany h<span class=\"_ _0\"></span>as o<span class=\"_ _0\"></span>ne cla<span class=\"_ _0\"></span>ss of o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>rig<span class=\"_ _0\"></span>ht to fixed i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>Sha<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>um rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e prem<span class=\"_ _0\"></span>ium a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on t<span class=\"_ _0\"></span>he iss<span class=\"_ _0\"></span>ue of eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es.<span class=\"_ _332\"> </span>Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, 1<span class=\"_ _3\"></span>.6<span class=\"_ _0\"></span>m sha<span class=\"_ _0\"></span>res we<span class=\"_ _0\"></span>re is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d to sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fy op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s SA<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>E emp<span class=\"_ _0\"></span>loyee s<span class=\"_ _0\"></span>hare s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me, r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g in inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s of \u00a30.0<span class=\"_ _0\"></span>4m in i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d share capit<span class=\"_ _0\"></span>al and \u00a30.<span class=\"_ _3\"></span>9m in<span class=\"_ _3\"></span> share premium. The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d and c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>celle<span class=\"_ _0\"></span>d 68.<span class=\"_ _0\"></span>8m sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>n aver<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>rice of 73 p<span class=\"_ _0\"></span>ence un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the sh<span class=\"_ _0\"></span>are b<span class=\"_ _0\"></span>uy<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s la<span class=\"_ _0\"></span>unch<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>9 Jun<span class=\"_ _0\"></span>e 2022 an<span class=\"_ _0\"></span>d compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d on 23 S<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>temb<span class=\"_ _0\"></span>er 2022<span class=\"_ _0\"></span>. The co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of \u00a3<span class=\"_ _0\"></span>50.2<span class=\"_ _0\"></span>m f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r thes<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ated fees a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>p du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of <span class=\"ls4\"> </span>\u00a30.<span class=\"_ _0\"></span>5m, u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d \u00a350.7m of the Com<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>ese s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s led t<span class=\"_ _0\"></span>o a redu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m in issue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd <span class=\"ls4\"> </span>a corr<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>ng inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve (see O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s in Not<span class=\"_ _0\"></span>e 29<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>29<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> Res<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ves<span class=\"_ _332\"> </span>Merger<span class=\"_ _3\"></span> reserve<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ger re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to pr<span class=\"_ _0\"></span>emiu<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g on sh<span class=\"_ _0\"></span>ares i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o the pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons of S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on 6<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>2 of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>. Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, the r<span class=\"_ _0\"></span>eali<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>r rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>70.3m re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed to in<span class=\"_ _0\"></span>tercom<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny loan<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t have be<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s qua<span class=\"_ _0\"></span>lify<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on in con<span class=\"_ _0\"></span>nec<span class=\"_ _2\"></span>tion wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ue dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, wh<span class=\"_ _0\"></span>ich u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed a c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>hbox s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ruc<span class=\"_ _2\"></span>ture.<span class=\"_ _332\"> </span>Own shar<span class=\"_ _3\"></span>es res<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up use<span class=\"_ _0\"></span>s sha<span class=\"_ _0\"></span>res he<span class=\"_ _0\"></span>ld in t<span class=\"_ _0\"></span>he Empl<span class=\"_ _0\"></span>oyee B<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t (EBT) to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _0\"></span>y cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al awa<span class=\"_ _0\"></span>rds u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s L<span class=\"_ _15\"></span>T<span class=\"_ _0\"></span>IP<span class=\"_ _15\"></span>, CSP<span class=\"_ _15\"></span>, EDP<span class=\"_ _15\"></span>, RS<span class=\"_ _0\"></span>P and D<span class=\"_ _0\"></span>BP s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d in the S<span class=\"_ _0\"></span>IP T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t to p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e free sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s and m<span class=\"_ _0\"></span>atch<span class=\"_ _0\"></span>ing sh<span class=\"_ _0\"></span>ares u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the S<span class=\"_ _0\"></span>IP sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. D<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d 20.2<span class=\"_ _0\"></span>m (2022: 5.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s at a cos<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.9m (2<span class=\"_ _3\"></span>02<span class=\"_ _0\"></span>2: \u00a35<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) to sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fy aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>hose s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd 4.4m (2022: nil) s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es wer<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferred by t<span class=\"_ _0\"></span>he EBT to the S<span class=\"_ _0\"></span>IP T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t for the fre<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>res pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ed to em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r the EBT acq<span class=\"_ _0\"></span>uired 47<span class=\"_ _15\"></span>.9m share<span class=\"_ _0\"></span>s thro<span class=\"_ _0\"></span>ugh m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her 2<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>m sha<span class=\"_ _0\"></span>res com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, for a tot<span class=\"_ _0\"></span>al cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion of \u00a3<span class=\"_ _0\"></span>37<span class=\"_ _6\"></span>.1<span class=\"_ _6\"></span>m a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> the S<span class=\"_ _0\"></span>IP T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d 0.6<span class=\"_ _0\"></span>m sha<span class=\"_ _0\"></span>res t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>ses for a tot<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of \u00a30.4m. T<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>oge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted fees and s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mp du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g to \u00a30.2<span class=\"_ _0\"></span>m, ha<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e own sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve by \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _15\"></span>.7m and the<span class=\"_ _0\"></span>reby r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ced th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any use<span class=\"_ _0\"></span>s tre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s to sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fy sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s ESOS an<span class=\"_ _0\"></span>d SA<span class=\"_ _15\"></span>YE s<span class=\"_ _0\"></span>hare s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. Du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, 1.3m trea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>were d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t a cos<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _0\"></span>3.0<span class=\"_ _0\"></span>m to sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fy o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s SA<span class=\"_ _15\"></span>YE sh<span class=\"_ _0\"></span>are sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e (2022: \u00a30.<span class=\"_ _0\"></span>8m) and nil (2022: 6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es were<span class=\"_ _0\"></span> tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the S<span class=\"_ _0\"></span>IP T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of 63.2m (<span class=\"_ _0\"></span>2022: 34.0<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res i<span class=\"_ _0\"></span>n Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc he<span class=\"_ _0\"></span>ld for the pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses of th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, th<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>5.6<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>5.8<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in the ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>ares r<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s: i)  a \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0.9m (2022: \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>o the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>ve in relat<span class=\"_ _0\"></span>ion to s<span class=\"_ _0\"></span>hare aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d exercis<span class=\"_ _0\"></span>es;<span class=\"_ _332\"> </span>ii) <span class=\"_ _2\"></span>a \u00a3<span class=\"_ _15\"></span>4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>3.6<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer to ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>rofit<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S 2 Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"ff8b ls4\"> <span class=\"ff88\">and </span></span>the cos<span class=\"_ _0\"></span>t of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es use<span class=\"_ _0\"></span>d to sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fy t<span class=\"_ _0\"></span>he awa<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span>iii) <span class=\"_ _6\"></span>\u00a30.7m (2022: \u00a3nil) of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d from the e<span class=\"_ _0\"></span>xercise of S<span class=\"_ _0\"></span>A<span class=\"_ _15\"></span>YE op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fied by t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue of tre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Other r<span class=\"_ _3\"></span>eser<span class=\"_ _0\"></span>ves<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve of \u00a33<span class=\"_ _3\"></span>3.7m (20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>27<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l red<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve of \u00a3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>m (2022: \u00a30<span class=\"_ _0\"></span>.9m<span class=\"_ _15\"></span>). <span class=\"ls4\"> </span>The i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m in the c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tes to th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>ncella<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es bo<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t back by t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>. Refer to Note 28.<span class=\"_ _0\"></span> The s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>ve repres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od for une<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d awa<span class=\"_ _0\"></span>rds un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>see N<span class=\"_ _0\"></span>ote 3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>). In th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023, the \u00a36<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>3.9m<span class=\"_ _15\"></span>) move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s reserve includes:<span class=\"_ _332\"> </span>i)  t<span class=\"_ _0\"></span>he \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse (Refer to Not<span class=\"_ _0\"></span>e 3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>);<span class=\"_ _332\"> </span>ii) <span class=\"_ _2\"></span>a \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>0.9m (2022: \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to sha<span class=\"_ _0\"></span>re awa<span class=\"_ _0\"></span>rd exer<span class=\"_ _0\"></span>cises<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span>iii) <span class=\"_ _6\"></span>a \u00a30.<span class=\"_ _0\"></span>2m (2022<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>se to r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion to s<span class=\"_ _0\"></span>hare aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds wh<span class=\"_ _0\"></span>ich la<span class=\"_ _0\"></span>pse<span class=\"_ _0\"></span>d in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs81d\">29<span class=\"_ _6\"></span>. Reser<span class=\"_ _0\"></span>ves conti<span class=\"_ _3\"></span>nued<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs81e\">He<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs81f\">The h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>nd tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>ve include<span class=\"_ _0\"></span>s bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s ari<span class=\"_ _0\"></span>sing o<span class=\"_ _0\"></span>n tra<span class=\"_ _0\"></span>nsl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of net inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t hed<span class=\"_ _0\"></span>ges of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs820\">whi<span class=\"_ _0\"></span>ch the co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ned m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s a gai<span class=\"_ _0\"></span>n of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar (2022<span class=\"_ _0\"></span>: \u00a30.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m ga<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>). A deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cred<span class=\"_ _0\"></span>it of \u00a3n<span class=\"_ _0\"></span>il (2022: \u00a30.1<span class=\"_ _15\"></span>m<span class=\"_ _3\"></span>) ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs821\">on these<span class=\"_ _3\"></span> movements through<span class=\"_ _3\"></span> other compr<span class=\"_ _3\"></span>ehensive inc<span class=\"_ _3\"></span>ome.<span class=\"_ _332\"> </span></div><div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls4f ws6b gs822\">30. Acqu<span class=\"_ _0\"></span>isitions<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs823\">Current y<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ar acquis<span class=\"_ _3\"></span>itions<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls2a ws2b gs824\">P2ML<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs825\">On 1 A<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>l 2022, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the en<span class=\"_ _0\"></span>tire i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed sha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al of P<span class=\"_ _0\"></span>2ML Ltd (P<span class=\"_ _0\"></span>2ML)<span class=\"_ _3\"></span>, a sp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>lecom<span class=\"_ _0\"></span>s tower d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>n hou<span class=\"_ _0\"></span>se, for </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs826\">tot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>8m<span class=\"_ _0\"></span>. P2M<span class=\"_ _0\"></span>L ha<span class=\"_ _0\"></span>s mar<span class=\"_ _0\"></span>ket l<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>ing ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise in pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ing de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>, cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ruc<span class=\"_ _2\"></span>tion, in<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and m<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>tena<span class=\"_ _0\"></span>nce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces for cellula<span class=\"_ _0\"></span>r </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs827\">tele<span class=\"_ _0\"></span>coms infr<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>truc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re, e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>bling m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r net<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>rk op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd towe<span class=\"_ _0\"></span>r own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s to facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate up<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>s to the<span class=\"_ _0\"></span>ir es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs828\">P2ML co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d \u00a33.7m o<span class=\"_ _3\"></span>f re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e and \u00a30<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5m of ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs829\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will o<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of P2M<span class=\"_ _0\"></span>L rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ium a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h acqu<span class=\"_ _0\"></span>irin<span class=\"_ _0\"></span>g the o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie\u2019s T<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>lecom<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs82a\">acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, de<span class=\"_ _0\"></span>sign a<span class=\"_ _0\"></span>nd cons<span class=\"_ _2\"></span>truc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion (ADC) c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs82b\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s final a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs82c\">the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>rice a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws82 gs82d\">Book value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs82e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws82 gs82f\">Fair<span class=\"_ _3\"></span> value </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws144 gs830\">adjustments <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs831\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gs832\">Fair value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs833\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs834\">Customer c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>elationships<span class=\"_ _2c6\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _84\"> </span>1.0<span class=\"_ _66\"> </span><span class=\"ff89\">1.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs835\">Proper<span class=\"_ _0\"></span>ty<span class=\"_ _3\"></span>, plant and<span class=\"_ _3\"></span> equipment<span class=\"_ _2a7\"> </span><span class=\"ls4 ws0\">0.1<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs836\">Right-of<span class=\"_ _15\"></span>-<span class=\"_ _0\"></span>use asset<span class=\"_ _0\"></span>s<span class=\"_ _1b6\"> </span><span class=\"ws0\">\u2013<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs837\">T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1fb\"> </span><span class=\"ws0\">0.6<span class=\"_ _84\"> </span>0.2<span class=\"_ _66\"> </span><span class=\"ff89\">0.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs838\">Cash and ca<span class=\"_ _0\"></span>sh equivalent<span class=\"_ _0\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ws0\">0.8<span class=\"_ _69\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">0.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs839\">T<span class=\"_ _15\"></span>rade and other payables<span class=\"_ _2c7\"> </span><span class=\"ws0\">(0.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(0.5)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls30 ws26 gs83a\">Lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _23e\"> </span><span class=\"ls4 ws0\"> \u2013<span class=\"_ _47\"> </span> (0.1)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.1)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs83b\">Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _1e2\"> </span><span class=\"ls4\"> \u2013<span class=\"_ _87\"> </span>(0.2)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.2)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs83c\">Ne<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed<span class=\"_ _232\"> </span><span class=\"ls4\">1.0<span class=\"_ _1a5\"> </span>1.0<span class=\"_ _66\"> </span><span class=\"ff89\">2.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls30 ws70 gs83d\">Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill<span class=\"_ _2c8\"> </span><span class=\"ff89 ls4 ws0\">0.8<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs83e\">T<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tal ca<span class=\"_ _0\"></span>sh considera<span class=\"_ _0\"></span>tion<span class=\"_ _2c9\"> </span><span class=\"ff89 ls4 ws0\">2.8<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs83f\">The e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fair va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es wa<span class=\"_ _0\"></span>s \u00a30<span class=\"_ _0\"></span>.8m<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e gros<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls30 ws70 gs840\">8po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>8<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs841\">On 3 M<span class=\"_ _0\"></span>ay 2022, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the en<span class=\"_ _0\"></span>tire i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed sha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al of 8<span class=\"_ _0\"></span>poin<span class=\"_ _0\"></span>t8 Sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, 8po<span class=\"_ _0\"></span>int8 T<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d V<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs842\">Sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d (<span class=\"_ _15\"></span>co<span class=\"_ _0\"></span>llec<span class=\"_ _2\"></span>tively 8<span class=\"_ _0\"></span>poin<span class=\"_ _0\"></span>t8) f<span class=\"_ _3\"></span>or to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>sh co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of \u00a38.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m. 8p<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t8 is a lea<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>er of d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>n and co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces in th<span class=\"_ _0\"></span>e Uni<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs843\">Kingdom, pr<span class=\"_ _3\"></span>edominantly f<span class=\"_ _3\"></span>or mobile<span class=\"_ _3\"></span> telecoms<span class=\"_ _3\"></span> tower<span class=\"_ _3\"></span> infrastr<span class=\"_ _0\"></span>ucture. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs844\">8po<span class=\"_ _0\"></span>int8 con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8.<span class=\"_ _0\"></span>8m of rev<span class=\"_ _0\"></span>enue a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m of ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting l<span class=\"_ _0\"></span>oss b<span class=\"_ _0\"></span>efore O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ite<span class=\"_ _0\"></span>ms to th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s resul<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs845\">Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e of the full yea<span class=\"_ _0\"></span>r im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>f the a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion ha<span class=\"_ _0\"></span>d comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d on 1 A<span class=\"_ _0\"></span>pril 2022<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar wou<span class=\"_ _0\"></span>ld have in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d by </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs846\">app<span class=\"_ _0\"></span>roxim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly \u00a3<span class=\"_ _15\"></span>1.7<span class=\"_ _15\"></span>m a<span class=\"_ _0\"></span>nd op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms for the yea<span class=\"_ _0\"></span>r woul<span class=\"_ _0\"></span>d have de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed by ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ely \u00a30.1<span class=\"_ _15\"></span>m, r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g in tot<span class=\"_ _0\"></span>al G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs847\">reven<span class=\"_ _0\"></span>ue of \u00a33,946<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m a<span class=\"_ _0\"></span>nd tot<span class=\"_ _0\"></span>al G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>62.0<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs848\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will o<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of 8p<span class=\"_ _0\"></span>oint8 r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h acqui<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to e<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>nce Mi<span class=\"_ _0\"></span>tie\u2019s offerin<span class=\"_ _0\"></span>g </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs849\">as a t<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>coms sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces comp<span class=\"_ _0\"></span>any. </div>30. Acquisitions cont<span class=\"_ _3\"></span>inued The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s final a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>rice a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>Book value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Fair<span class=\"_ _3\"></span> value adjustments <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Provisional <span class=\"_ _6\"></span><span class=\"ls4 ws0\"> </span>fair value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Customer c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>elationships<span class=\"_ _2c6\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _66\"> </span><span class=\"ff89\">1.9<span class=\"_ _332\"> </span></span></span>Proper<span class=\"_ _0\"></span>ty<span class=\"_ _3\"></span>, plant and<span class=\"_ _3\"></span> equipment<span class=\"_ _2a7\"> </span><span class=\"ls4 ws0\">0.9<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">0.9<span class=\"_ _332\"> </span></span></span>Right-of<span class=\"_ _15\"></span>-<span class=\"_ _0\"></span>use asset<span class=\"_ _0\"></span>s<span class=\"_ _1b6\"> </span><span class=\"ws0\">\u2013<span class=\"_ _1a5\"> </span>0.5<span class=\"_ _66\"> </span><span class=\"ff89\">0.5<span class=\"_ _332\"> </span></span></span>Cur<span class=\"_ _0\"></span>rent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _2ca\"> </span><span class=\"ls4\">0.1<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>Inventories<span class=\"_ _14c\"> </span><span class=\"ls4 ws0\">1.6<span class=\"_ _7d\"> </span>(0.9)<span class=\"_ _80\"> </span><span class=\"ff89\">0.7<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1fb\"> </span><span class=\"ws0\">4.5<span class=\"_ _84\"> </span>1.3<span class=\"_ _66\"> </span><span class=\"ff89\">5.8<span class=\"_ _332\"> </span></span></span>Ove<span class=\"_ _0\"></span>rdr<span class=\"_ _0\"></span>aft<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span><span class=\"ls4 ws0\">(0.1)<span class=\"_ _87\"> </span>0.1<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>rade and other payables<span class=\"_ _2c7\"> </span><span class=\"ws0\">(5.8)<span class=\"_ _e6\"> </span>(0.6)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(6.4)<span class=\"_ _332\"> </span></span></span>Lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _29d\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _59\"> </span>(0.3)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>Def<span class=\"_ _3\"></span>erred inc<span class=\"_ _3\"></span>ome<span class=\"_ _2cc\"> </span><span class=\"ls4 ws0\">(0.1)<span class=\"_ _e6\"> </span>(2.3)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(2.4)<span class=\"_ _332\"> </span></span></span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _22b\"> </span><span class=\"ls4\">(0.2)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(0.2)<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed<span class=\"_ _232\"> </span><span class=\"ls4\">0.9<span class=\"_ _87\"> </span>(0.3)<span class=\"_ _80\"> </span><span class=\"ff89\">0.6<span class=\"_ _332\"> </span></span></span>Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill<span class=\"_ _2c8\"> </span><span class=\"ff89 ls4 ws0\">7.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tal ca<span class=\"_ _0\"></span>sh considera<span class=\"_ _0\"></span>tion<span class=\"_ _2c9\"> </span><span class=\"ff89 ls4 ws0\">8.0<span class=\"_ _332\"> </span></span>The fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d tr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles i<span class=\"_ _0\"></span>s \u00a35.<span class=\"_ _0\"></span>8m<span class=\"_ _0\"></span>. The g<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tual am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t for trad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e is \u00a35<span class=\"_ _0\"></span>.9<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th a lo<span class=\"_ _0\"></span>ss allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of \u00a30.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion.<span class=\"_ _332\"> </span>Custom Solar<span class=\"_ _332\"> </span>On 30 J<span class=\"_ _0\"></span>une 2022<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>tire is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al of Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar Ltd (Cus<span class=\"_ _0\"></span>tom S<span class=\"_ _0\"></span>ola<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>). Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar is a s<span class=\"_ _0\"></span>ola<span class=\"_ _0\"></span>r powe<span class=\"_ _0\"></span>r solu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny speci<span class=\"_ _0\"></span>alisi<span class=\"_ _0\"></span>ng in th<span class=\"_ _0\"></span>e deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>n, ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce of sola<span class=\"_ _0\"></span>r powe<span class=\"_ _0\"></span>r sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tems for pu<span class=\"_ _0\"></span>blic a<span class=\"_ _0\"></span>nd pr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tor c<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m Sola<span class=\"_ _0\"></span>r\u2019s desi<span class=\"_ _0\"></span>gn an<span class=\"_ _0\"></span>d ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se, co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ned w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h Mi<span class=\"_ _0\"></span>tie\u2019s indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y le<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd mo<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e engi<span class=\"_ _0\"></span>nee<span class=\"_ _0\"></span>ring offe<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g, wi<span class=\"_ _0\"></span>ll supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Mi<span class=\"_ _0\"></span>tie\u2019s amb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion to b<span class=\"_ _0\"></span>e a lea<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>er of en<span class=\"_ _0\"></span>d to end g<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>n ene<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n compr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s an ini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _15\"></span>.8<span class=\"_ _0\"></span>m.<span class=\"_ _0\"></span> Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lling \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>6m p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he forme<span class=\"_ _0\"></span>r own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n trea<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on for pos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s bec<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>se a cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is the i<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual\u2019s con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in the M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup. Co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>une<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"ls4\"> </span>for empl<span class=\"_ _0\"></span>oyme<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces ha<span class=\"_ _0\"></span>s a ma<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>imum t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>shol<span class=\"_ _0\"></span>d of up to \u00a3<span class=\"_ _3\"></span>4.4m (<span class=\"_ _3\"></span>und<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nted<span class=\"_ _0\"></span>) by the e<span class=\"_ _0\"></span>nd of F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>25, lin<span class=\"_ _0\"></span>ked to pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>are a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od tha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyme<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>ved up u<span class=\"_ _0\"></span>ntil t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>int a<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>comes p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s at <span class=\"ls4\"> </span>3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, \u00a30.<span class=\"_ _0\"></span>8m w<span class=\"_ _0\"></span>as i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to th<span class=\"_ _0\"></span>ese tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed in a<span class=\"_ _0\"></span>dmi<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m Sola<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ted \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.1<span class=\"_ _15\"></span>m of reven<span class=\"_ _0\"></span>ue an<span class=\"_ _0\"></span>d \u00a30.9m of oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing profi<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>efore O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ite<span class=\"_ _0\"></span>ms to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s resul<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023. Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e of the full yea<span class=\"_ _0\"></span>r im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>f the a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion ha<span class=\"_ _0\"></span>d comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d on 1 A<span class=\"_ _0\"></span>pril 2022<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>efore O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r <span class=\"ls4\"> </span>ite<span class=\"_ _0\"></span>ms for the ye<span class=\"_ _0\"></span>ar wo<span class=\"_ _0\"></span>uld have in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed by ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>ly \u00a3<span class=\"_ _0\"></span>5.7<span class=\"_ _3\"></span>m a<span class=\"_ _0\"></span>nd \u00a30.<span class=\"_ _0\"></span>3m resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ting in to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e of \u00a33,950.7<span class=\"_ _15\"></span>m a<span class=\"_ _0\"></span>nd to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l Gro<span class=\"_ _0\"></span>up ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>62.<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will o<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g over th<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to enh<span class=\"_ _0\"></span>ance t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r acro<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e ene<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. 30. Acquisitions cont<span class=\"_ _3\"></span>inued The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s provisio<span class=\"_ _0\"></span>nal a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l fair va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to see<span class=\"_ _0\"></span>k fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nforma<span class=\"_ _0\"></span>tion to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ete acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing on t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the 1<span class=\"_ _15\"></span>2-mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span> mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. The p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se pr<span class=\"_ _0\"></span>ice all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>Book value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Fair<span class=\"_ _3\"></span> value adjustments <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Provisional <span class=\"_ _6\"></span><span class=\"ls4 ws0\"> </span>fair value <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Customer c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>elationships<span class=\"_ _2c6\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _84\"> </span>5.8<span class=\"_ _66\"> </span><span class=\"ff89\">5.8<span class=\"_ _332\"> </span></span></span>Proper<span class=\"_ _0\"></span>ty<span class=\"_ _3\"></span>, plant and<span class=\"_ _3\"></span> equipment<span class=\"_ _2a7\"> </span><span class=\"ls4 ws0\">0.2<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">0.2<span class=\"_ _332\"> </span></span></span>Right-of<span class=\"_ _15\"></span>-<span class=\"_ _0\"></span>use asset<span class=\"_ _0\"></span>s<span class=\"_ _1b6\"> </span><span class=\"ws0\">\u2013<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>rade and other receivables<span class=\"_ _1fb\"> </span><span class=\"ws0\">7.1<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">7.1<span class=\"_ _332\"> </span></span></span>Cash and ca<span class=\"_ _0\"></span>sh equivalent<span class=\"_ _0\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ws0\">1.2<span class=\"_ _69\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">1.2<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>rade and other payables<span class=\"_ _2c7\"> </span><span class=\"ws0\">(3.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(3.4)<span class=\"_ _332\"> </span></span></span>Lea<span class=\"_ _0\"></span>se liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _29d\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _59\"> </span>(0.1)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.1)<span class=\"_ _332\"> </span></span></span>Bank lo<span class=\"_ _3\"></span>ans<span class=\"_ _2cd\"> </span><span class=\"ls4 ws0\">(3.6)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(3.6)<span class=\"_ _332\"> </span></span></span>Curre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ax lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty<span class=\"_ _2b3\"> </span><span class=\"ls4 ws0\">(0.3)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _1e3\"> </span><span class=\"ls4\">\u2013<span class=\"_ _87\"> </span>(1.5)<span class=\"_ _1bc\"> </span><span class=\"ff89\">(1.5)<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed<span class=\"_ _232\"> </span><span class=\"ls4\">1.2<span class=\"_ _1a5\"> </span>4.3<span class=\"_ _66\"> </span><span class=\"ff89\">5.5<span class=\"_ _332\"> </span></span></span>Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill<span class=\"_ _2c8\"> </span><span class=\"ff89 ls4 ws0\">2.3<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>tal ca<span class=\"_ _0\"></span>sh considera<span class=\"_ _0\"></span>tion<span class=\"_ _2c9\"> </span><span class=\"ff89 ls4 ws0\">7.8<span class=\"_ _332\"> </span></span>The e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fair va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es wa<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch ap<span class=\"_ _0\"></span>proxim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d the g<span class=\"_ _0\"></span>ross co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tual am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows on a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh consideration<span class=\"_ _2ce\"> </span><span class=\"ff89 ls4 ws0\">18.6<span class=\"_ _80\"> </span><span class=\"ff88\">29.7<span class=\"_ _332\"> </span></span></span>Less<span class=\"_ _0\"></span>: ca<span class=\"_ _0\"></span>sh b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce acq<span class=\"_ _0\"></span>uired<span class=\"_ _1b1\"> </span><span class=\"ff89 ls4\">(2.0)<span class=\"_ _58\"> </span><span class=\"ff88\">(4.8)<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>tfl<span class=\"_ _0\"></span>ow of ca<span class=\"_ _0\"></span>sh \u2013 inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _2cf\"> </span><span class=\"ff89 ls4\">16.6<span class=\"_ _80\"> </span><span class=\"ff88\">24.</span></span><span class=\"ff89 ls4\"><span class=\"ff88\">9<span class=\"_ _332\"> </span></span></span>3<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>. Sh<span class=\"_ _0\"></span>are-<span class=\"_ _0\"></span>based payments<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s seve<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>lso ha<span class=\"_ _0\"></span>s aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>ed pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d bon<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r Execu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are deferre<span class=\"_ _0\"></span>d in cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al sha<span class=\"_ _0\"></span>res u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>lc 20<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0 Deferr<span class=\"_ _0\"></span>ed B<span class=\"_ _0\"></span>onu<span class=\"_ _0\"></span>s Pla<span class=\"_ _0\"></span>n (DB<span class=\"_ _0\"></span>P) and a<span class=\"_ _0\"></span>re accou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r as a s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge.<span class=\"_ _332\"> </span>The M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc Lo<span class=\"_ _0\"></span>ng T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m Inc<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ive Pl<span class=\"_ _0\"></span>an (<span class=\"_ _0\"></span>L<span class=\"_ _15\"></span>T<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>The co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s of sha<span class=\"_ _0\"></span>res o<span class=\"_ _0\"></span>r righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to acqui<span class=\"_ _0\"></span>re sha<span class=\"_ _0\"></span>res (th<span class=\"_ _0\"></span>e awa<span class=\"_ _0\"></span>rds<span class=\"_ _3\"></span>) ar<span class=\"_ _0\"></span>e offere<span class=\"_ _0\"></span>d to a sma<span class=\"_ _0\"></span>ll num<span class=\"_ _0\"></span>ber of key se<span class=\"_ _0\"></span>nio<span class=\"_ _0\"></span>r man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>l. W<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span> offere<span class=\"_ _0\"></span>d as o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, the e<span class=\"_ _0\"></span>xercise p<span class=\"_ _0\"></span>rice is \u00a3<span class=\"_ _0\"></span>nil. T<span class=\"_ _0\"></span>he ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y thr<span class=\"_ _0\"></span>ee yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, al<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>houg<span class=\"_ _0\"></span>h som<span class=\"_ _0\"></span>e awa<span class=\"_ _0\"></span>rds a<span class=\"_ _0\"></span>re subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of up to a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>f the aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain un<span class=\"_ _0\"></span>exercis<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of t<span class=\"_ _0\"></span>wel<span class=\"_ _0\"></span>ve mon<span class=\"_ _0\"></span>ths from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing, t<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>. The aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s may be<span class=\"_ _0\"></span> forfei<span class=\"_ _0\"></span>ted if t<span class=\"_ _0\"></span>he em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e leave<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. Before th<span class=\"_ _0\"></span>e awa<span class=\"_ _0\"></span>rds c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>ed, p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce condi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns mu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t be s<span class=\"_ _0\"></span>atis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d whi<span class=\"_ _0\"></span>ch are b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n movem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in a ra<span class=\"_ _0\"></span>nge of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>res ove<span class=\"_ _0\"></span>r a thre<span class=\"_ _0\"></span>e-ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od.<span class=\"_ _332\"> </span>Rete<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re Pl<span class=\"_ _0\"></span>an (<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>P)<span class=\"_ _332\"> </span>The R<span class=\"_ _0\"></span>SP w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s intr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ced in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 202<span class=\"_ _0\"></span>2. Th<span class=\"_ _0\"></span>e cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l awa<span class=\"_ _0\"></span>rds of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s or rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s to acq<span class=\"_ _0\"></span>uire sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s (the awa<span class=\"_ _0\"></span>rds<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>re offere<span class=\"_ _0\"></span>d to a <span class=\"ls4\"> </span>sma<span class=\"_ _0\"></span>ll num<span class=\"_ _0\"></span>ber of key s<span class=\"_ _0\"></span>enio<span class=\"_ _0\"></span>r ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>onne<span class=\"_ _0\"></span>l. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e offered a<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the exe<span class=\"_ _0\"></span>rcise pr<span class=\"_ _0\"></span>ice is \u00a3<span class=\"_ _0\"></span>nil. T<span class=\"_ _0\"></span>he ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is th<span class=\"_ _0\"></span>ree ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. If t<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span> rem<span class=\"_ _0\"></span>ain un<span class=\"_ _0\"></span>exercis<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of te<span class=\"_ _0\"></span>n yea<span class=\"_ _0\"></span>rs from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he awa<span class=\"_ _0\"></span>rds e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re. T<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s may be for<span class=\"_ _0\"></span>feite<span class=\"_ _0\"></span>d if the e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyee le<span class=\"_ _0\"></span>aves th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. The<span class=\"_ _0\"></span>re ar<span class=\"_ _0\"></span>e no pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>ese aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>The E<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ed De<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y P<span class=\"_ _0\"></span>lan (<span class=\"_ _0\"></span>ED<span class=\"_ _0\"></span>P)<span class=\"_ _332\"> </span>The ED<span class=\"_ _0\"></span>P wa<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>trod<span class=\"_ _0\"></span>uced i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l awa<span class=\"_ _0\"></span>rds of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s or th<span class=\"_ _0\"></span>e righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to acqui<span class=\"_ _0\"></span>re sha<span class=\"_ _0\"></span>res (th<span class=\"_ _0\"></span>e awa<span class=\"_ _0\"></span>rds<span class=\"_ _3\"></span>) ar<span class=\"_ _0\"></span>e offere<span class=\"_ _0\"></span>d to <span class=\"ls4\"> </span>a sma<span class=\"_ _0\"></span>ll num<span class=\"_ _0\"></span>ber of key s<span class=\"_ _0\"></span>enio<span class=\"_ _0\"></span>r ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>onne<span class=\"_ _0\"></span>l. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e offered a<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the exe<span class=\"_ _0\"></span>rcise pr<span class=\"_ _0\"></span>ice is \u00a3<span class=\"_ _0\"></span>nil. T<span class=\"_ _0\"></span>he ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is thr<span class=\"_ _0\"></span>ee ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>ey are<span class=\"_ _0\"></span> subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of two a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. If the aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain u<span class=\"_ _0\"></span>nexerci<span class=\"_ _0\"></span>sed af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r a per<span class=\"_ _0\"></span>iod of t<span class=\"_ _0\"></span>wel<span class=\"_ _0\"></span>ve mo<span class=\"_ _0\"></span>nths fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>ate of ves<span class=\"_ _2\"></span>ting (bu<span class=\"_ _0\"></span>t sub<span class=\"_ _0\"></span>jec<span class=\"_ _2\"></span>t to the a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d), the aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>. The aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s may be for<span class=\"_ _0\"></span>feite<span class=\"_ _0\"></span>d if th<span class=\"_ _0\"></span>e emp<span class=\"_ _0\"></span>loyee l<span class=\"_ _0\"></span>eaves t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup. B<span class=\"_ _0\"></span>efore the aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ca<span class=\"_ _0\"></span>n be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce condi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns mu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t be s<span class=\"_ _0\"></span>atis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d whi<span class=\"_ _0\"></span>ch are b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n movem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ures ove<span class=\"_ _0\"></span>r a thr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>-year p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The C<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re Pl<span class=\"_ _0\"></span>an (CS<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>The co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s of sha<span class=\"_ _0\"></span>res o<span class=\"_ _0\"></span>r the r<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>s to a<span class=\"_ _0\"></span>cquire s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es (the aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) a<span class=\"_ _0\"></span>re offer<span class=\"_ _0\"></span>ed to a sm<span class=\"_ _0\"></span>all nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of key sen<span class=\"_ _0\"></span>ior ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel.<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>Wh<span class=\"_ _0\"></span>ere offer<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice is \u00a3nil<span class=\"_ _0\"></span>. The v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ined a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e discr<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>on of the Re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e and i<span class=\"_ _0\"></span>s gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>lly<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>wo or th<span class=\"_ _0\"></span>ree ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. If t<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ards r<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>in un<span class=\"_ _0\"></span>exercis<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter a p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of ten y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s from th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te of gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e awa<span class=\"_ _0\"></span>rds ex<span class=\"_ _0\"></span>pir<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he awa<span class=\"_ _0\"></span>rds m<span class=\"_ _0\"></span>ay be for<span class=\"_ _0\"></span>feited<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>if th<span class=\"_ _0\"></span>e emp<span class=\"_ _0\"></span>loyee le<span class=\"_ _0\"></span>aves th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _332\"> </span>3<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>. Sh<span class=\"_ _0\"></span>are-<span class=\"_ _0\"></span>based payments contin<span class=\"_ _3\"></span>ued<span class=\"_ _332\"> </span>The M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve Sh<span class=\"_ _0\"></span>are O<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>ES<span class=\"_ _0\"></span>OS)<span class=\"_ _332\"> </span>The E<span class=\"_ _0\"></span>SOS exerci<span class=\"_ _0\"></span>se pr<span class=\"_ _0\"></span>ice is eq<span class=\"_ _0\"></span>ual to t<span class=\"_ _0\"></span>he aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s day pr<span class=\"_ _0\"></span>ecedi<span class=\"_ _0\"></span>ng gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t or<span class=\"_ _15\"></span>, in c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>e Remu<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e dec<span class=\"_ _0\"></span>ides<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e aver<span class=\"_ _0\"></span>age m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket va<span class=\"_ _0\"></span>lue of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es over a nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of pre<span class=\"_ _0\"></span>cedin<span class=\"_ _0\"></span>g busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s days (not to excee<span class=\"_ _0\"></span>d 20)<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>e ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is thr<span class=\"_ _0\"></span>ee yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. If t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain un<span class=\"_ _0\"></span>exercis<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of te<span class=\"_ _0\"></span>n yea<span class=\"_ _0\"></span>rs from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>. Opt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ay be for<span class=\"_ _0\"></span>feited i<span class=\"_ _0\"></span>f the e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee le<span class=\"_ _0\"></span>aves the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up. Before op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ca<span class=\"_ _0\"></span>n be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, a pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion m<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t be s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed; t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s linked to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ercen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ngs <span class=\"ls4\"> </span>per s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e over a th<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. No aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the ESO<span class=\"_ _0\"></span>S since 29 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>5.<span class=\"_ _332\"> </span>The M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc S<span class=\"_ _0\"></span>ave As Y<span class=\"_ _3\"></span>ou E<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e (SA<span class=\"_ _3\"></span>Y<span class=\"_ _0\"></span>E)<span class=\"_ _332\"> </span>The S<span class=\"_ _0\"></span>A<span class=\"_ _15\"></span>YE sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e is ope<span class=\"_ _0\"></span>n to elig<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e UK-resi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he exer<span class=\"_ _0\"></span>cise pr<span class=\"_ _0\"></span>ice is no<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n 80<span class=\"_ _0\"></span>% of the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>ares<span class=\"_ _0\"></span>, d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed us<span class=\"_ _0\"></span>ing ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r: t<span class=\"_ _0\"></span>he sha<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>ice pr<span class=\"_ _0\"></span>ecedi<span class=\"_ _0\"></span>ng the d<span class=\"_ _0\"></span>ate o<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch invi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions to p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>te in th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>re iss<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>r an aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>ice over fi<span class=\"_ _0\"></span>ve days p<span class=\"_ _0\"></span>rece<span class=\"_ _0\"></span>ding the inv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is thr<span class=\"_ _0\"></span>ee yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s. If t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain un<span class=\"_ _0\"></span>exercis<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of si<span class=\"_ _0\"></span>x mon<span class=\"_ _0\"></span>ths from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng, t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>. Op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s may be for<span class=\"_ _0\"></span>feite<span class=\"_ _0\"></span>d if the e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyee le<span class=\"_ _0\"></span>aves th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. A<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme is o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n to eligi<span class=\"_ _0\"></span>ble Ir<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>nd-<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>are I<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ve Pl<span class=\"_ _0\"></span>an (S<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>P)<span class=\"_ _332\"> </span>The S<span class=\"_ _0\"></span>IP is o<span class=\"_ _0\"></span>pen to e<span class=\"_ _0\"></span>ligib<span class=\"_ _0\"></span>le UK-re<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>nt e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, elig<span class=\"_ _0\"></span>ible e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees a<span class=\"_ _0\"></span>re invi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to inves<span class=\"_ _0\"></span>t in p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>tner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>res w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re pur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket o<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r beh<span class=\"_ _0\"></span>alf a<span class=\"_ _0\"></span>nd he<span class=\"_ _0\"></span>ld in a se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te UK t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Si<span class=\"_ _0\"></span>nce Oc<span class=\"_ _2\"></span>tober 202<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>, on<span class=\"_ _0\"></span>e cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>tching s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n awa<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d for ever<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>wo par<span class=\"_ _2\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip sha<span class=\"_ _0\"></span>res p<span class=\"_ _0\"></span>urcha<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s a hol<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of th<span class=\"_ _0\"></span>ree ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. M<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>hing sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s are fun<span class=\"_ _0\"></span>ded by w<span class=\"_ _0\"></span>ay of mar<span class=\"_ _0\"></span>ket p<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o, from <span class=\"ls4\"> </span>time t<span class=\"_ _0\"></span>o time<span class=\"_ _0\"></span>, lau<span class=\"_ _0\"></span>nche<span class=\"_ _0\"></span>s free sh<span class=\"_ _0\"></span>are sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es un<span class=\"_ _0\"></span>der w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>ll em<span class=\"_ _0\"></span>ployee<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ive an a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>s at ni<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t to the e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>. The fre<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>res have<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>a hold<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of thr<span class=\"_ _0\"></span>ee yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>De<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils of th<span class=\"_ _0\"></span>e awar<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g are a<span class=\"_ _0\"></span>s follows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023<span class=\"_ _7f\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _f7\"> </span></span>2023<span class=\"_ _116\"> </span><span class=\"ff88 ls7f ws106\">20<span class=\"_ _0\"></span>22<span class=\"_ _332\"> </span></span>Number of conditional <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>shar<span class=\"_ _0\"></span>e awards <span class=\"_ _3\"></span><span class=\"ws0\"> </span>(million<span class=\"_ _3\"></span>)<span class=\"_ _332\"> </span>Number o<span class=\"_ _3\"></span>f conditional <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>share<span class=\"_ _3\"></span> awards <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>(<span class=\"_ _3\"></span>millio<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>)<span class=\"_ _332\"> </span>Number of <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>share options <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>(million<span class=\"_ _3\"></span>)<span class=\"_ _332\"> </span>W<span class=\"_ _3\"></span>eighted <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>aver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>exercise pri<span class=\"_ _0\"></span>ce <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>(<span class=\"_ _0\"></span>p)<span class=\"_ _332\"> </span>Number o<span class=\"_ _3\"></span>f <span class=\"ls4 ws0\"> </span>share options <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>(<span class=\"_ _3\"></span>millio<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>) W<span class=\"_ _3\"></span>eig<span class=\"_ _0\"></span>hted <span class=\"ws0\"> </span>aver<span class=\"_ _0\"></span>age <span class=\"ls4 ws0\"> </span>exerci<span class=\"_ _3\"></span>se price <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>(<span class=\"_ _0\"></span>p)<span class=\"_ _332\"> </span>Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing at 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il<span class=\"_ _111\"> </span><span class=\"ff89 ls4\">107.5<span class=\"_ _7f\"> </span><span class=\"ff88\">65.3<span class=\"_ _219\"> </span></span>68.0<span class=\"_ _62\"> </span>55<span class=\"_ _7f\"> </span><span class=\"ff88\">56.7<span class=\"_ _7f\"> </span>47<span class=\"_ _332\"> </span></span></span>Gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ted d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _259\"> </span><span class=\"ff89 ls4\">16.2<span class=\"_ _11a\"> </span><span class=\"ff88\">53.6<span class=\"_ _219\"> </span></span>18.4<span class=\"_ _62\"> </span>69<span class=\"_ _7f\"> </span><span class=\"ff88\">22.4<span class=\"_ _7f\"> </span>65<span class=\"_ _332\"> </span></span></span>L<span class=\"_ _0\"></span>aps<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _122\"> </span><span class=\"ff89 ls4\">(11.4)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(6.6)<span class=\"_ _9d\"> </span></span>(13.0)<span class=\"_ _102\"> </span>66<span class=\"_ _66\"> </span><span class=\"ff88\">(10.4)<span class=\"_ _50\"> </span>50<span class=\"_ _332\"> </span></span></span>Exe<span class=\"_ _0\"></span>rcise<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _2d0\"> </span><span class=\"ff89 ls4\">(19.4)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(4.8)<span class=\"_ _59\"> </span></span>(3.6)<span class=\"_ _102\"> </span>65<span class=\"_ _140\"> </span><span class=\"ff88\">(0.7)<span class=\"_ _50\"> </span>60<span class=\"_ _332\"> </span></span></span>Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch<span class=\"_ _28a\"> </span><span class=\"ff89 ls4\">92.9<span class=\"_ _87\"> </span><span class=\"ff88\">107.5<span class=\"_ _50\"> </span></span>69.8<span class=\"_ _135\"> </span>63<span class=\"_ _7f\"> </span><span class=\"ff88\">68.0<span class=\"_ _7f\"> </span>55<span class=\"_ _332\"> </span></span></span>Exe<span class=\"_ _0\"></span>rcisa<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e end of th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _c2\"> </span><span class=\"ff89 ls4\">7.3<span class=\"_ _80\"> </span>142<span class=\"_ _60\"> </span><span class=\"ff88\">4.3<span class=\"_ _87\"> </span>204<span class=\"_ _332\"> </span></span></span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e following e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ted to s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Discretionar<span class=\"_ _0\"></span>y share plans<span class=\"_ _2d1\"> </span><span class=\"ff89 ls4 ws0\">13.4<span class=\"_ _80\"> </span><span class=\"ff88\">16.6<span class=\"_ _332\"> </span></span></span>Non-<span class=\"_ _0\"></span>discretionar<span class=\"_ _0\"></span>y share plans<span class=\"_ _2d2\"> </span><span class=\"ff89 ls4 ws0\">3.9<span class=\"_ _84\"> </span><span class=\"ff88\">2.0<span class=\"_ _332\"> </span></span></span>17.3<span class=\"_ _80\"> </span><span class=\"ff88\">18.6<span class=\"_ _332\"> </span></span>The s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>ted ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ged to th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncome s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for the yea<span class=\"_ _0\"></span>r is \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8.<span class=\"_ _0\"></span>6m<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-<span class=\"_ _332\"> </span>ba<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to dis<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>cret<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>lans<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar is n<span class=\"_ _0\"></span>et of inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cred<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s of \u00a30.7m (2<span class=\"_ _3\"></span>02<span class=\"_ _0\"></span>2: \u00a30.<span class=\"_ _0\"></span>3m<span class=\"_ _3\"></span>) for chang<span class=\"_ _0\"></span>es in a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting to t<span class=\"_ _0\"></span>he likel<span class=\"_ _0\"></span>ihoo<span class=\"_ _0\"></span>d of opt<span class=\"_ _0\"></span>ions ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting.<span class=\"_ _332\"> </span>In th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.2m of di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n accr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n awa<span class=\"_ _0\"></span>rds (2022: \u00a3<span class=\"_ _0\"></span>nil). <span class=\"ls4\"> </span>Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s acc<span class=\"_ _0\"></span>rue<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re for<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>nd will b<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>id af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e ves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng da<span class=\"_ _0\"></span>te wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re opt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re exe<span class=\"_ _0\"></span>rcise<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>The w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>ted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sha<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>ice at t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of exerci<span class=\"_ _0\"></span>se for award<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re opt<span class=\"_ _0\"></span>ions e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r wa<span class=\"_ _0\"></span>s 73p (2022<span class=\"_ _0\"></span>: 63p<span class=\"_ _15\"></span>). T<span class=\"_ _0\"></span>he cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l sha<span class=\"_ _0\"></span>re awa<span class=\"_ _0\"></span>rds a<span class=\"_ _0\"></span>nd sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 ha<span class=\"_ _0\"></span>d exercis<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ces (<span class=\"_ _3\"></span>oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an nil i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se of the L<span class=\"_ _3\"></span>TIP<span class=\"_ _15\"></span>, CS<span class=\"_ _0\"></span>P<span class=\"_ _6\"></span>, EDP<span class=\"_ _15\"></span>, D<span class=\"_ _0\"></span>BP a<span class=\"_ _0\"></span>nd the m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>hing sha<span class=\"_ _0\"></span>res un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he SI<span class=\"_ _0\"></span>P) ra<span class=\"_ _0\"></span>ngin<span class=\"_ _0\"></span>g from 26p to 1<span class=\"_ _15\"></span>3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>p (2022: 26p to 1<span class=\"_ _3\"></span>3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d a weig<span class=\"_ _0\"></span>hted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al life of 3.<span class=\"_ _3\"></span>1 yea<span class=\"_ _0\"></span>rs (2022<span class=\"_ _0\"></span>: 3.4 years)<span class=\"_ _3\"></span>. In t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons we<span class=\"_ _0\"></span>re gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ted in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the S<span class=\"_ _0\"></span>A<span class=\"_ _15\"></span>YE, L<span class=\"_ _3\"></span>TIP<span class=\"_ _15\"></span>, CS<span class=\"_ _0\"></span>P<span class=\"_ _6\"></span>, R<span class=\"_ _0\"></span>SP an<span class=\"_ _0\"></span>d EDP sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s and aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds of ma<span class=\"_ _0\"></span>tching s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d 9<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m free sha<span class=\"_ _0\"></span>res we<span class=\"_ _0\"></span>re mad<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e SIP<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>he ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate of t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>ose op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d awa<span class=\"_ _0\"></span>rds ma<span class=\"_ _0\"></span>de w<span class=\"_ _0\"></span>as \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5.7<span class=\"_ _3\"></span>m (2022: \u00a340.<span class=\"_ _0\"></span>5m)<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>The fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns is me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ured by u<span class=\"_ _0\"></span>se of th<span class=\"_ _0\"></span>e Bla<span class=\"_ _0\"></span>ck-Schol<span class=\"_ _0\"></span>es mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>npu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s into t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>lack-Sch<span class=\"_ _0\"></span>oles m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el are a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span>2023<span class=\"_ _d2\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span></span>Sha<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>ice (p)<span class=\"_ _2d3\"> </span><span class=\"ff89 ls4\">34\u2013151<span class=\"_ _15e\"> </span><span class=\"ff88\">34\u2013151<span class=\"_ _332\"> </span></span></span>Exe<span class=\"_ _0\"></span>rcise pr<span class=\"_ _0\"></span>ice (p)<span class=\"_ _242\"> </span><span class=\"ff89 ls4\">0\u2013134<span class=\"_ _164\"> </span><span class=\"ff88\">0\u2013134<span class=\"_ _332\"> </span></span></span>Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted vo<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y (%<span class=\"_ _0\"></span>)<span class=\"_ _2d4\"> </span><span class=\"ff89 ls4\">25\u201343<span class=\"_ _cf\"> </span><span class=\"ff88\">25\u201336<span class=\"_ _332\"> </span></span></span>Expec<span class=\"_ _0\"></span>ted li<span class=\"_ _3\"></span>fe<span class=\"_ _3\"></span> (<span class=\"_ _0\"></span>years<span class=\"_ _15\"></span>)<span class=\"_ _2d5\"> </span><span class=\"ff89 ls4 ws0\">3<span class=\"_ _87\"> </span><span class=\"ff88\">3\u20134<span class=\"_ _332\"> </span></span></span>Ris<span class=\"_ _0\"></span>k-f<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te (%)<span class=\"_ _187\"> </span><span class=\"ff89 ls4\">(0.7)\u20133.3<span class=\"_ _118\"> </span><span class=\"ff88\">(0.7)\u20131.4<span class=\"_ _332\"> </span></span></span>Expec<span class=\"_ _0\"></span>ted dividend<span class=\"_ _3\"></span>s (%)<span class=\"_ _29e\"> </span><span class=\"ff89 ls4 ws0\">0.0\u20132.7<span class=\"_ _bb\"> </span><span class=\"ff88\">0.0\u20132.7<span class=\"_ _332\"> </span></span></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>. Ret<span class=\"_ _3\"></span>irement<span class=\"_ _3\"></span> benefit sch<span class=\"_ _3\"></span>emes<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of pens<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for emp<span class=\"_ _0\"></span>loyees<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>D<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes for the m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of it<span class=\"_ _0\"></span>s em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es; a<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>D<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch incl<span class=\"_ _0\"></span>ude a G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r qua<span class=\"_ _0\"></span>lify<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude t<span class=\"_ _0\"></span>he Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up plc Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (Group s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d thr<span class=\"_ _0\"></span>ee sm<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>r sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s; MacLe<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>n Gro<span class=\"_ _0\"></span>up 20<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t Sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, THK I<span class=\"_ _0\"></span>nsula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s Sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd Cypr<span class=\"_ _0\"></span>us Prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt Fun<span class=\"_ _0\"></span>d. Du<span class=\"_ _0\"></span>e to the s<span class=\"_ _0\"></span>ize of the s<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the D<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tors pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this N<span class=\"_ _0\"></span>ote wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es wi<span class=\"_ _0\"></span>th Ad<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, lar<span class=\"_ _0\"></span>gely s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions of Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of c<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s who j<span class=\"_ _0\"></span>oine<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of Und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (Pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of Em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) Reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns 200<span class=\"_ _0\"></span>6 (<span class=\"_ _0\"></span>TU<span class=\"_ _0\"></span>PE<span class=\"_ _0\"></span>) or thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"ls4\"> </span>of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y comp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me Pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t B (Lan<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc<span class=\"_ _3\"></span>) is h<span class=\"_ _0\"></span>eld w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Defined contribution schemes<span class=\"_ _332\"> </span>A defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me is a p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up pay<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to a<span class=\"_ _0\"></span>n ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly ad<span class=\"_ _0\"></span>minis<span class=\"_ _2\"></span>tered fund; s<span class=\"_ _0\"></span>uch con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on a fixe<span class=\"_ _0\"></span>d perce<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>age of e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees\u2019 pay. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>o leg<span class=\"_ _0\"></span>al or co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to pay fur<span class=\"_ _2\"></span>ther con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the fun<span class=\"_ _0\"></span>d once the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en pa<span class=\"_ _0\"></span>id. M<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 ben<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns pa<span class=\"_ _0\"></span>id, to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ret<span class=\"_ _0\"></span>urns e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>on th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing from th<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of each i<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual\u2019s cho<span class=\"_ _0\"></span>sen inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d the t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe of pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber ch<span class=\"_ _0\"></span>oos<span class=\"_ _0\"></span>es to t<span class=\"_ _0\"></span>ake a<span class=\"_ _0\"></span>t ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>, ac<span class=\"_ _2\"></span>tuaria<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k (that p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>ill be lowe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) and i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk (tha<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted in d<span class=\"_ _0\"></span>o not p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form in l<span class=\"_ _0\"></span>ine <span class=\"ls4\"> </span>wi<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>re bo<span class=\"_ _0\"></span>rne by t<span class=\"_ _0\"></span>he em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey are d<span class=\"_ _0\"></span>ue.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates four s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s: a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pla<span class=\"_ _0\"></span>n, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is close<span class=\"_ _0\"></span>d to new m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s; a se<span class=\"_ _0\"></span>lf-inves<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on pla<span class=\"_ _0\"></span>n, w<span class=\"_ _0\"></span>hich is cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to new me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s; and t<span class=\"_ _0\"></span>wo G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion (GPP) pla<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. Employe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to ea<span class=\"_ _0\"></span>ch on a m<span class=\"_ _0\"></span>atch<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s req<span class=\"_ _0\"></span>uiri<span class=\"_ _0\"></span>ng em<span class=\"_ _0\"></span>ployee co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to be p<span class=\"_ _0\"></span>aid<span class=\"_ _0\"></span>. Emp<span class=\"_ _0\"></span>loyees h<span class=\"_ _0\"></span>ave the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to pay th<span class=\"_ _0\"></span>eir sh<span class=\"_ _0\"></span>are v<span class=\"_ _0\"></span>ia a s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sa<span class=\"_ _0\"></span>crifi<span class=\"_ _0\"></span>ce ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme u<span class=\"_ _0\"></span>sed to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _0\"></span>y au<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>nrol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t comp<span class=\"_ _0\"></span>lian<span class=\"_ _0\"></span>ce is a ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, T<span class=\"_ _0\"></span>he Peop<span class=\"_ _0\"></span>le\u2019s Pension<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>de a tot<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>8m<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to t<span class=\"_ _0\"></span>he au<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-<span class=\"_ _332\"> </span>enro<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e of \u00a320.4m (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.5m)<span class=\"_ _3\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e inclu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to make co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of a simil<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ing 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2024. Defined benefi<span class=\"_ _0\"></span>t schemes<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p plc P<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, a sch<span class=\"_ _0\"></span>eme t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r took p<span class=\"_ _0\"></span>lace w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>eby th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of the I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e Par<span class=\"_ _2\"></span>t C (Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) wer<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>into a s<span class=\"_ _0\"></span>egre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e now comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>wo seg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d sec<span class=\"_ _2\"></span>tions: Pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t A (<span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>) and P<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t B <span class=\"ls4\"> </span>(the In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of the t<span class=\"_ _0\"></span>wo s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re rin<span class=\"_ _0\"></span>g-fenced<span class=\"_ _0\"></span>, as s<span class=\"_ _0\"></span>uch th<span class=\"_ _0\"></span>ere is n<span class=\"_ _0\"></span>o cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g tre<span class=\"_ _0\"></span>atm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>hey wer<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sec<span class=\"_ _2\"></span>tion prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts to m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he form of a gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>eed l<span class=\"_ _0\"></span>evel of pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r life. The l<span class=\"_ _0\"></span>evel of be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs\u2019 len<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>ir fina<span class=\"_ _0\"></span>l pen<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e pay<span class=\"_ _3\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sec<span class=\"_ _2\"></span>tion clos<span class=\"_ _0\"></span>ed to ne<span class=\"_ _0\"></span>w mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s in 20<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h new em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es ab<span class=\"_ _0\"></span>le to jo<span class=\"_ _0\"></span>in one of t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fined co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme i<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the U<span class=\"_ _0\"></span>K reg<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pai<span class=\"_ _0\"></span>d to me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs from t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t-adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red fun<span class=\"_ _0\"></span>d, wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee i<span class=\"_ _0\"></span>s resp<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>ble for ens<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g tha<span class=\"_ _0\"></span>t the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e is suffi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>tly fun<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o mee<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t and fu<span class=\"_ _0\"></span>ture b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Pla<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re he<span class=\"_ _0\"></span>ld in tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd <span class=\"ls4\"> </span>are gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>ed by pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n leg<span class=\"_ _0\"></span>isla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. If inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce is wo<span class=\"_ _0\"></span>rse t<span class=\"_ _0\"></span>han e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d or th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me\u2019s liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s financi<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me ri<span class=\"_ _0\"></span>se.<span class=\"_ _332\"> </span>The n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re of the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>hip b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d the T<span class=\"_ _3\"></span>rus<span class=\"_ _2\"></span>tee is also gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>ed by re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ce. T<span class=\"_ _0\"></span>he T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e mus<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>e a funding p<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he spo<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>ring co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny such t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>ny fundin<span class=\"_ _0\"></span>g shor<span class=\"_ _2\"></span>tfall i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be m<span class=\"_ _0\"></span>et by ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>tpe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>. In ord<span class=\"_ _0\"></span>er <span class=\"ls4\"> </span>to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e level of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, tr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nnia<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me\u2019s oblig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g pru<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>(which ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h adv<span class=\"_ _0\"></span>ice from th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rece<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>nial v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>as c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed ou<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020.<span class=\"_ _332\"> </span>The T<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee\u2019s othe<span class=\"_ _0\"></span>r du<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he inves<span class=\"_ _2\"></span>tment of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of pla<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd exer<span class=\"_ _0\"></span>cising of d<span class=\"_ _0\"></span>iscre<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y powers<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s clos<span class=\"_ _0\"></span>ely w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee to m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The l<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Gro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme fun<span class=\"_ _0\"></span>ding v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020 indic<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l defi<span class=\"_ _0\"></span>cit of \u00a392<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>m<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d a defi<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span> recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pla<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a392.<span class=\"_ _0\"></span>8m over s<span class=\"_ _0\"></span>even ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h shou<span class=\"_ _0\"></span>ld elim<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>te the d<span class=\"_ _0\"></span>efici<span class=\"_ _0\"></span>t if t<span class=\"_ _0\"></span>he fundi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>iali<span class=\"_ _0\"></span>se in pr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tice. <span class=\"ls4\"> </span>In th<span class=\"_ _0\"></span>is reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, \u00a335.4m ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n pai<span class=\"_ _0\"></span>d to 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.9m paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>The I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e wa<span class=\"_ _0\"></span>s forme<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>ake Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of the I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve G<span class=\"_ _0\"></span>roup Pe<span class=\"_ _0\"></span>nsion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span>acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fer wa<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d on 28 Feb<span class=\"_ _0\"></span>rua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2020 via a fle<span class=\"_ _0\"></span>xibl<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>tionm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>roved by<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>The Pen<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s Regu<span class=\"_ _0\"></span>lato<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s an u<span class=\"_ _0\"></span>ncon<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al rig<span class=\"_ _0\"></span>ht to refun<span class=\"_ _0\"></span>d of sur<span class=\"_ _0\"></span>plus a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sumi<span class=\"_ _0\"></span>ng the g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>dua<span class=\"_ _0\"></span>l set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>ime un<span class=\"_ _0\"></span>til a<span class=\"_ _0\"></span>ll mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs have l<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>t the se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"ls4\"> </span>Accordi<span class=\"_ _0\"></span>ngly, there is n<span class=\"_ _0\"></span>o res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _2\"></span>tion on th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>32. Retirement benefit schemes continued<span class=\"_ _332\"> </span>Other d<span class=\"_ _3\"></span>efined ben<span class=\"_ _3\"></span>efit schem<span class=\"_ _3\"></span>es<span class=\"_ _332\"> </span>Gro<span class=\"_ _0\"></span>upe<span class=\"_ _0\"></span>d toge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er und<span class=\"_ _0\"></span>er O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of sche<span class=\"_ _0\"></span>mes to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der A<span class=\"_ _0\"></span>dmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tus to clie<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s\u2019 (ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y loc<span class=\"_ _0\"></span>al gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _3\"></span>) d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>mes i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n emp<span class=\"_ _0\"></span>loyees w<span class=\"_ _0\"></span>ho t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r TU<span class=\"_ _0\"></span>PE. The v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es are u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted by a<span class=\"_ _0\"></span>n ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _2\"></span>y at each b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. For th<span class=\"_ _0\"></span>e Admi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gel<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he Loc<span class=\"_ _0\"></span>al G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup w<span class=\"_ _0\"></span>ill on<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ate for a fini<span class=\"_ _0\"></span>te pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d up to the e<span class=\"_ _0\"></span>nd of th<span class=\"_ _0\"></span>e relev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to pay re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>cide<span class=\"_ _0\"></span>d by the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>iled i<span class=\"_ _0\"></span>n eac<span class=\"_ _0\"></span>h sche<span class=\"_ _0\"></span>me\u2019s Cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>te, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d ever<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of a t<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nnia<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. In a nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le by the e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyer ar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>ppe<span class=\"_ _0\"></span>d and a<span class=\"_ _0\"></span>ny excess i<span class=\"_ _0\"></span>s recover<span class=\"_ _0\"></span>ed from t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ty t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d from. I<span class=\"_ _0\"></span>n add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, in cer<span class=\"_ _2\"></span>tain c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>nd of the<span class=\"_ _0\"></span> cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up will b<span class=\"_ _0\"></span>e req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to pay any d<span class=\"_ _0\"></span>efici<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _2\"></span>y<span class=\"_ _15\"></span>) t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up mad<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes of \u00a30.7m in the yea<span class=\"_ _0\"></span>r (2022: \u00a30.<span class=\"_ _0\"></span>8m)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ma<span class=\"_ _0\"></span>ke cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of a si<span class=\"_ _0\"></span>mila<span class=\"_ _0\"></span>r amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span> Mult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer schemes<span class=\"_ _332\"> </span>As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aff tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fers followin<span class=\"_ _0\"></span>g cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t win<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tes in four mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>loyer p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes for th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4 a<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to be \u00a30.1<span class=\"_ _15\"></span>m. Fo<span class=\"_ _0\"></span>r thre<span class=\"_ _0\"></span>e of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s shar<span class=\"_ _0\"></span>e <span class=\"ls4\"> </span>of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>s minim<span class=\"_ _0\"></span>al.<span class=\"_ _332\"> </span>The four<span class=\"_ _2\"></span>th sche<span class=\"_ _0\"></span>me is t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e (the Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>), a funded m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. The P<span class=\"_ _0\"></span>lum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me wa<span class=\"_ _0\"></span>s found<span class=\"_ _0\"></span>ed in 1<span class=\"_ _3\"></span>975 and to d<span class=\"_ _0\"></span>ate ha<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d over 4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s recei<span class=\"_ _0\"></span>ved a S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>ice in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d a Sec<span class=\"_ _2\"></span>tion 75 emp<span class=\"_ _0\"></span>loyer deb<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>tice in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s of \u00a32<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m wer<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 for Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>n the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e. S<span class=\"_ _0\"></span>ee No<span class=\"_ _0\"></span>te 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>pany, Mitie P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>g Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee h<span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate of<span class=\"_ _0\"></span> \u00a32<span class=\"_ _0\"></span>.4m f<span class=\"_ _3\"></span>or t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>tial S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 de<span class=\"_ _0\"></span>bt in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, however n<span class=\"_ _0\"></span>o even<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s occur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to trig<span class=\"_ _2\"></span>ger this d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>te 33, this pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Accounting<span class=\"_ _3\"></span> assumptions<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d in ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s det<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>iled b<span class=\"_ _0\"></span>elow, are se<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter cons<span class=\"_ _3\"></span>ult<span class=\"_ _0\"></span>ation with i<span class=\"_ _3\"></span>ndependent, prof<span class=\"_ _15\"></span>essionally<span class=\"_ _3\"></span> qualified actuaries.<span class=\"_ _332\"> </span>The d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate us<span class=\"_ _0\"></span>ed to d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns is se<span class=\"_ _0\"></span>t by referen<span class=\"_ _0\"></span>ce to mar<span class=\"_ _0\"></span>ket y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds on hi<span class=\"_ _0\"></span>gh-<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons for pri<span class=\"_ _0\"></span>ce inflat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>t by reference to t<span class=\"_ _0\"></span>he diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s on lo<span class=\"_ _0\"></span>nger-ter<span class=\"_ _0\"></span>m conven<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>nds a<span class=\"_ _0\"></span>nd ind<span class=\"_ _0\"></span>ex-lin<span class=\"_ _0\"></span>ked bon<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for increa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es in pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le pay t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>kes into a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed sa<span class=\"_ _0\"></span>lar<span class=\"_ _2\"></span>y inflatio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>p at CPI<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>nd how of<span class=\"_ _0\"></span>ten t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ap is li<span class=\"_ _0\"></span>kely to<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>be ex<span class=\"_ _3\"></span>ceeded.<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns for life expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n set w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h reference to t<span class=\"_ _0\"></span>he ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t fundi<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns.<span class=\"_ _332\"> </span>Pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s at ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>heet d<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span>Group section/s<span class=\"_ _3\"></span>cheme<span class=\"_ _ee\"> </span><span class=\"lsc7 ws173\">Interserve<span class=\"_ _3\"></span> section/<span class=\"_ _15\"></span>scheme<span class=\"_ _5b\"> </span><span class=\"ls112 ws5f\">Other schemes<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>Key as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r IAS 1<span class=\"_ _3\"></span>9 va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n:<span class=\"_ _332\"> </span>Discount<span class=\"_ _3\"></span> rate<span class=\"_ _98\"> </span><span class=\"ff89 ls4 ws0\">4.75<span class=\"_ _d2\"> </span><span class=\"ff88\">2.75<span class=\"_ _50\"> </span></span>4.80<span class=\"_ _d2\"> </span><span class=\"ff88\">2.80<span class=\"_ _50\"> </span></span>4.80<span class=\"_ _d2\"> </span><span class=\"ff88\">2.80<span class=\"_ _332\"> </span></span></span>Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of pens<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e pay incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _15a\"> </span><span class=\"ff89 ls4\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.80<span class=\"_ _50\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.80<span class=\"_ _332\"> </span></span></span>Ret<span class=\"_ _0\"></span>ail p<span class=\"_ _0\"></span>rice infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _2d6\"> </span><span class=\"ff89 ls4\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.30<span class=\"_ _50\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.30<span class=\"_ _332\"> </span></span></span>Consumer price inflation<span class=\"_ _15b\"> </span><span class=\"ff89 ls4 ws0\">2.50<span class=\"_ _80\"> </span><span class=\"ff88\">2.85<span class=\"_ _219\"> </span></span>2.90<span class=\"_ _80\"> </span><span class=\"ff88\">2.85<span class=\"_ _219\"> </span></span>2.90<span class=\"_ _d2\"> </span><span class=\"ff88\">2.85<span class=\"_ _332\"> </span></span></span>Future pension increa<span class=\"_ _0\"></span>ses <span class=\"_ _127\"> </span><span class=\"ff89 ls4 ws0\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.80<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.80<span class=\"_ _332\"> </span></span></span>Group section/s<span class=\"_ _3\"></span>cheme<span class=\"_ _ee\"> </span><span class=\"lsc7 ws173\">Interserve<span class=\"_ _3\"></span> section/<span class=\"_ _15\"></span>scheme<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>Pos<span class=\"_ _0\"></span>t reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>fe expec<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>t 65 \u2013 ma<span class=\"_ _0\"></span>le<span class=\"_ _104\"> </span><span class=\"ff89 ls4\">87.5<span class=\"_ _80\"> </span><span class=\"ff88\">87.6<span class=\"_ _219\"> </span></span>86.0<span class=\"_ _80\"> </span><span class=\"ff88\">86.2<span class=\"_ _332\"> </span></span></span>Cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>t 65 \u2013 femal<span class=\"_ _0\"></span>e<span class=\"_ _b6\"> </span><span class=\"ff89 ls4\">88.9<span class=\"_ _80\"> </span><span class=\"ff88\">89.0<span class=\"_ _219\"> </span></span>88.6<span class=\"_ _80\"> </span><span class=\"ff88\">88.3<span class=\"_ _332\"> </span></span></span>Fut<span class=\"_ _0\"></span>ure pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s at 6<span class=\"_ _0\"></span>5 \u2013 mal<span class=\"_ _0\"></span>e<span class=\"_ _2d7\"> </span><span class=\"ff89 ls4\">88.5<span class=\"_ _80\"> </span><span class=\"ff88\">88.7<span class=\"_ _219\"> </span></span>87.0<span class=\"_ _d2\"> </span><span class=\"ff88\">87.3<span class=\"_ _332\"> </span></span></span>Fut<span class=\"_ _0\"></span>ure pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s at 6<span class=\"_ _0\"></span>5 \u2013 female<span class=\"_ _bf\"> </span><span class=\"ff89 ls4\">90.1<span class=\"_ _80\"> </span><span class=\"ff88\">90.2<span class=\"_ _50\"> </span></span>89.7<span class=\"_ _d2\"> </span><span class=\"ff88\">89.6<span class=\"_ _332\"> </span></span></span>Life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y for the O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es is th<span class=\"_ _0\"></span>at us<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span>32. Retirement benefit schemes continued<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>The s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons to ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions is s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n belo<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Impact on defined<span class=\"_ _3\"></span> benefit obligations<span class=\"_ _332\"> </span>Change in assumptio<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Increase/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>decrease<span class=\"_ _15\"></span>) in obliga<span class=\"_ _0\"></span>tions <span class=\"ws0\"> </span>%<span class=\"_ _332\"> </span>Increase/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>decrease<span class=\"_ _15\"></span>) in obliga<span class=\"_ _0\"></span>tions <span class=\"ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate<span class=\"_ _2b5\"> </span><span class=\"ls4\">0.1%<span class=\"_ _87\"> </span>(1.4)<span class=\"_ _e6\"> </span>(3.8)<span class=\"_ _332\"> </span></span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail p<span class=\"_ _0\"></span>rice infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>0.1%<span class=\"_ _84\"> </span>0.9<span class=\"_ _1a5\"> </span>2.5<span class=\"_ _332\"> </span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>ice infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _3\"></span>exclud<span class=\"_ _0\"></span>ing pay)<span class=\"_ _2d8\"> </span><span class=\"ls4\">0.1%<span class=\"_ _84\"> </span>0.7<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span>Increase in lif<span class=\"_ _15\"></span>e expec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ancy<span class=\"_ _2d9\"> </span><span class=\"ls4 ws0\"> 1 year<span class=\"_ _84\"> </span>2.4<span class=\"_ _1a5\"> </span>6.4<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (consu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r pr<span class=\"_ _0\"></span>ice infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion i<span class=\"_ _0\"></span>ncr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sa<span class=\"_ _0\"></span>lar<span class=\"_ _2\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>me of the a<span class=\"_ _0\"></span>bove ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ay have an i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>. For e<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e hold<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>a prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in U<span class=\"_ _0\"></span>K cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. A fa<span class=\"_ _0\"></span>ll in the d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t of lower U<span class=\"_ _0\"></span>K corp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds wou<span class=\"_ _0\"></span>ld lea<span class=\"_ _0\"></span>d to an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tion to s<span class=\"_ _0\"></span>ome e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, or aver<span class=\"_ _0\"></span>age t<span class=\"_ _0\"></span>erm t<span class=\"_ _0\"></span>o paym<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> due<span class=\"_ _0\"></span>, weig<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d by liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty, is arou<span class=\"_ _0\"></span>nd 20 year<span class=\"_ _0\"></span>s for the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>ound 1<span class=\"_ _3\"></span>9 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s for the In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Amounts recognised in<span class=\"_ _3\"></span> financial statement<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s: 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _192\"> </span><span class=\"ff89 ls4 ws0\">(0.2)<span class=\"_ _9b\"> </span>(0.8)<span class=\"_ _16f\"> </span>(1.5)<span class=\"_ _16f\"> </span>(2.5)<span class=\"_ _bb\"> </span><span class=\"ff88\">(0.2)<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _118\"> </span>(2.0)<span class=\"_ _118\"> </span>(3.1)<span class=\"_ _332\"> </span></span></span>Pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>vice cost (including cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailment<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) <span class=\"_ _d1\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _6e\"> </span>(0.5)<span class=\"_ _118\"> </span>(0.5)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al administr<span class=\"_ _0\"></span>ation expense<span class=\"_ _2da\"> </span><span class=\"ff89 ws0\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.4)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _118\"> </span>(0.1)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _332\"> </span></span></span>Amounts recogn<span class=\"_ _3\"></span>ised in operating<span class=\"_ _3\"></span> profit<span class=\"_ _d6\"> </span><span class=\"ff89 ls4 ws0\">(1.1)<span class=\"_ _16f\"> </span>(0.8)<span class=\"_ _16f\"> </span>(1.5)<span class=\"_ _9b\"> </span>(3.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.6)<span class=\"_ _118\"> </span>(1.2)<span class=\"_ _118\"> </span>(2.6)<span class=\"_ _118\"> </span>(4.4)<span class=\"_ _332\"> </span></span></span>Net inter<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>t inc<span class=\"_ _3\"></span>ome/(<span class=\"_ _6\"></span>cost)<span class=\"_ _2db\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _55\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.1)<span class=\"_ _bb\"> </span><span class=\"ff88\">(0.8)<span class=\"_ _5f\"> </span>0.1<span class=\"_ _6e\"> </span>(0.2)<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _332\"> </span></span></span>Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _f4\"> </span><span class=\"ff89 ls4\">(1.1)<span class=\"_ _16f\"> </span>(0.7)<span class=\"_ _9b\"> </span>(1.7)<span class=\"_ _16f\"> </span>(3.5)<span class=\"_ _72\"> </span><span class=\"ff88\">(1.4)<span class=\"_ _118\"> </span>(1.1)<span class=\"_ _118\"> </span>(2.8)<span class=\"_ _118\"> </span>(5.3)<span class=\"_ _332\"> </span></span></span>Amounts recogn<span class=\"_ _3\"></span>ised in the<span class=\"_ _3\"></span> consoli<span class=\"_ _3\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"_ _3\"></span> comprehensiv<span class=\"_ _3\"></span>e income<span class=\"_ _3\"></span> are as f<span class=\"_ _3\"></span>ollows:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ac<span class=\"_ _0\"></span>tuarial gains/(losses<span class=\"_ _15\"></span>) arising due to changes <span class=\"ls4 ws0\"> </span>in financial assumptions<span class=\"_ _122\"> </span><span class=\"ff89 ls4 ws0\">79.5<span class=\"_ _d8\"> </span>11.1<span class=\"_ _d8\"> </span>22.8<span class=\"_ _99\"> </span>113.4<span class=\"_ _23\"> </span><span class=\"ff88\">20.1<span class=\"_ _72\"> </span>0.3<span class=\"_ _5f\"> </span>(0.8)<span class=\"_ _22\"> </span>19.6<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tuarial (losses<span class=\"_ _3\"></span>)/<span class=\"_ _3\"></span>gains arising from <span class=\"ls4 ws0\"> </span>liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ence<span class=\"_ _2dc\"> </span><span class=\"ff89 ls4 ws0\">(12.4)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _36\"> </span>1.1<span class=\"_ _b2\"> </span>(12.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(1.8)<span class=\"_ _118\"> </span>(1.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.7)<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>)d<span class=\"_ _0\"></span>ue to ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in demographic assumptions<span class=\"_ _2dd\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.7<span class=\"_ _212\"> </span>2.1<span class=\"_ _164\"> </span><span class=\"ff88\">(1.3)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.1)<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g<span class=\"_ _2de\"> </span><span class=\"ff89 ls4\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(8.7)<span class=\"_ _16f\"> </span>(8.7)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(5.1)<span class=\"_ _118\"> </span>(5.1)<span class=\"_ _332\"> </span></span></span>Retu<span class=\"_ _0\"></span>rn on s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, excl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"ls4\"> </span>interest inc<span class=\"_ _3\"></span>ome<span class=\"_ _28f\"> </span><span class=\"ff89 ls4 ws0\">(74.1)<span class=\"_ _16f\"> </span>(9.8)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(95.0)<span class=\"_ _164\"> </span><span class=\"ff88\">6.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>5.5<span class=\"_ _3b\"> </span>12.7<span class=\"_ _332\"> </span></span></span>Retu<span class=\"_ _0\"></span>rn on r<span class=\"_ _0\"></span>eimb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.2<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>0.7<span class=\"_ _332\"> </span></span>Amounts recogn<span class=\"_ _3\"></span>ised in c<span class=\"_ _3\"></span>onsolidated<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>tatement <span class=\"ls4 ws0\"> </span>of c<span class=\"_ _3\"></span>omprehensive<span class=\"_ _3\"></span> income<span class=\"_ _123\"> </span><span class=\"ff89 ls4 ws0\">(5.8)<span class=\"_ _9b\"> </span>(0.1)<span class=\"_ _3b\"> </span>5.0<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _15e\"> </span><span class=\"ff88\">23.5<span class=\"_ _5f\"> </span>(1.7)<span class=\"_ _6e\"> </span>0.3<span class=\"_ _3b\"> </span>22.1<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e is \u00a30.<span class=\"_ _0\"></span>2m g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to a re<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>imb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>32. Retirement benefit schemes continued<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2df\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _d8\"> </span>24.2<span class=\"_ _81\"> </span>77.1<span class=\"_ _aa\"> </span>271.6<span class=\"_ _5f\"> </span><span class=\"ff88\">231.0<span class=\"_ _3b\"> </span>32.6<span class=\"_ _3b\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span>Pres<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons <span class=\"_ _cf\"> </span><span class=\"ff89 ls4\">(169.6)<span class=\"_ _33\"> </span>(22.5)<span class=\"_ _33\"> </span>(71.0)<span class=\"_ _142\"> </span>(263.1)<span class=\"_ _9b\"> </span><span class=\"ff88\">(238.3)<span class=\"_ _b2\"> </span>(31.0)<span class=\"_ _b2\"> </span>(88.4)<span class=\"_ _d3\"> </span>(357.7)<span class=\"_ _332\"> </span></span></span>Surplus/(<span class=\"_ _15\"></span>deficit<span class=\"_ _3\"></span>) wi<span class=\"_ _0\"></span>thout res<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>tion<span class=\"_ _f7\"> </span><span class=\"ff89 ls4 ws0\">0.7<span class=\"_ _212\"> </span>1.7<span class=\"_ _15e\"> </span>6.1<span class=\"_ _212\"> </span>8.5<span class=\"_ _cf\"> </span><span class=\"ff88\">(7.3)<span class=\"_ _5f\"> </span>1.6<span class=\"_ _6e\"> </span>(1.4)<span class=\"_ _118\"> </span>(7.1)<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g<span class=\"_ _2de\"> </span><span class=\"ff89 ls4\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(8.7)<span class=\"_ _16f\"> </span>(8.7)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(5.1)<span class=\"_ _118\"> </span>(5.1)<span class=\"_ _332\"> </span></span></span>Net pension a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(liabilit<span class=\"_ _0\"></span>y)<span class=\"_ _123\"> </span><span class=\"ff89 ls4 ws0\">0.7<span class=\"_ _15e\"> </span>1.7<span class=\"_ _118\"> </span>(2.6)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(7.3)<span class=\"_ _5f\"> </span>1.6<span class=\"_ _6e\"> </span>(6.5)<span class=\"_ _b2\"> </span>(12.2)<span class=\"_ _332\"> </span></span></span>All fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s above a<span class=\"_ _0\"></span>re sh<span class=\"_ _0\"></span>own b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x.<span class=\"_ _332\"> </span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n the pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt va<span class=\"_ _0\"></span>lue of d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s were a<span class=\"_ _0\"></span>s follows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _202\"> </span><span class=\"ff89 ls4\">238.3<span class=\"_ _81\"> </span>31.0<span class=\"_ _d8\"> </span>93.5<span class=\"_ _aa\"> </span>362.8<span class=\"_ _5f\"> </span><span class=\"ff88\">256.7<span class=\"_ _3b\"> </span>27.7<span class=\"_ _3b\"> </span>84.9<span class=\"_ _9b\"> </span>369.3<span class=\"_ _332\"> </span></span></span>Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _2a\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _212\"> </span>0.8<span class=\"_ _212\"> </span>1.5<span class=\"_ _15e\"> </span>2.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _72\"> </span>0.9<span class=\"_ _72\"> </span>2.0<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span>Interest cost <span class=\"_ _2e0\"> </span><span class=\"ff89 ls4 ws0\">6.4<span class=\"_ _212\"> </span>0.9<span class=\"_ _212\"> </span>2.2<span class=\"_ _212\"> </span>9.5<span class=\"_ _3a\"> </span><span class=\"ff88\">5.3<span class=\"_ _72\"> </span>0.6<span class=\"_ _72\"> </span>1.6<span class=\"_ _72\"> </span>7.5<span class=\"_ _332\"> </span></span></span>Contributions f<span class=\"_ _15\"></span>rom scheme members <span class=\"_ _27e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.3<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.2<span class=\"_ _72\"> </span>0.3<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tuarial (gains<span class=\"_ _3\"></span>)/losses arising due to changes <span class=\"ls4 ws0\"> </span>in financial assumptions<span class=\"_ _2e1\"> </span><span class=\"ff89 ls4 ws0\">(79.5)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(22.8)<span class=\"_ _142\"> </span>(113.4)<span class=\"_ _3b\"> </span><span class=\"ff88\">(20.1)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _5f\"> </span>0.8<span class=\"_ _22\"> </span>(19.6)<span class=\"_ _332\"> </span></span></span>Actuarial losse<span class=\"_ _3\"></span>s/<span class=\"_ _3\"></span>(gains<span class=\"_ _15\"></span>) arising<span class=\"_ _3\"></span> from e<span class=\"_ _3\"></span>xperience<span class=\"_ _23\"> </span><span class=\"ff89 ls4 ws0\">12.4<span class=\"_ _212\"> </span>1.6<span class=\"_ _55\"> </span>(1.1)<span class=\"_ _125\"> </span>12.9<span class=\"_ _6a\"> </span><span class=\"ff88\">1.8<span class=\"_ _72\"> </span>1.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.7<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l (g<span class=\"_ _0\"></span>ains)<span class=\"_ _3\"></span>/l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> demographic assumptions<span class=\"_ _d0\"> </span><span class=\"ff89 ls4 ws0\">(1.2)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.7)<span class=\"_ _9b\"> </span>(2.1)<span class=\"_ _164\"> </span><span class=\"ff88\">1.3<span class=\"_ _72\"> </span>0.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>2.1<span class=\"_ _332\"> </span></span></span>Benefi<span class=\"_ _0\"></span>ts paid <span class=\"_ _120\"> </span><span class=\"ff89 ws0\">(7.0)<span class=\"_ _9b\"> </span>(0.6)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _9b\"> </span>(9.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(6.9)<span class=\"_ _118\"> </span>(0.7)<span class=\"_ _118\"> </span>(1.0)<span class=\"_ _118\"> </span>(8.6)<span class=\"_ _332\"> </span></span></span>Set<span class=\"_ _0\"></span>tlement gain<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.1)<span class=\"_ _ae\"> </span>(0.1)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _25c\"> </span><span class=\"ff89 ls4\">169.6<span class=\"_ _81\"> </span>22.5<span class=\"_ _d8\"> </span>71.0<span class=\"_ _99\"> </span>263.1<span class=\"_ _5f\"> </span><span class=\"ff88\">238.3<span class=\"_ _3b\"> </span>31.0<span class=\"_ _1d\"> </span>88.4<span class=\"_ _9b\"> </span>357.7<span class=\"_ _332\"> </span></span></span>The d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sec<span class=\"_ _2\"></span>tion/sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>re ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sed by p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020 funding v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on da<span class=\"_ _0\"></span>te be<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>: 2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ac<span class=\"_ _0\"></span>tive<span class=\"_ _2e2\"> </span><span class=\"ff89 ls4 ws0\">3.1<span class=\"_ _84\"> </span><span class=\"ff88\">2.2<span class=\"_ _332\"> </span></span></span>D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _2e3\"> </span><span class=\"ff89 ls4 ws0\">86.8<span class=\"_ _3a\"> </span><span class=\"ff88\">130.1<span class=\"_ _332\"> </span></span></span>Pensioners<span class=\"_ _2e4\"> </span><span class=\"ff89 ls4 ws0\">79.7<span class=\"_ _3a\"> </span><span class=\"ff88\">106.0<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _2e5\"> </span><span class=\"ff89 ls4\">169.6<span class=\"_ _3a\"> </span><span class=\"ff88\">238.3<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n the fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e as follow<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _202\"> </span><span class=\"ff89 ls4\">231.0<span class=\"_ _81\"> </span>32.6<span class=\"_ _d8\"> </span>87.0<span class=\"_ _aa\"> </span>350.6<span class=\"_ _5f\"> </span><span class=\"ff88\">215.3<span class=\"_ _3b\"> </span>30.7<span class=\"_ _3b\"> </span>80.8<span class=\"_ _9b\"> </span>326.8<span class=\"_ _332\"> </span></span></span>Interest inc<span class=\"_ _3\"></span>ome <span class=\"_ _2e6\"> </span><span class=\"ff89 ls4 ws0\">6.4<span class=\"_ _212\"> </span>1.0<span class=\"_ _212\"> </span>2.0<span class=\"_ _212\"> </span>9.4<span class=\"_ _3a\"> </span><span class=\"ff88\">4.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.4<span class=\"_ _72\"> </span>6.6<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tuarial (losses<span class=\"_ _3\"></span>)/<span class=\"_ _3\"></span>gains on as<span class=\"_ _0\"></span>sets<span class=\"_ _137\"> </span><span class=\"ff89 ls4 ws0\">(74.1)<span class=\"_ _16f\"> </span>(9.8)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(95.0)<span class=\"_ _164\"> </span><span class=\"ff88\">6.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>5.5<span class=\"_ _3b\"> </span>12.7<span class=\"_ _332\"> </span></span></span>Contributions f<span class=\"_ _3\"></span>rom the sponsori<span class=\"_ _3\"></span>ng companies<span class=\"_ _cf\"> </span><span class=\"ff89 ls4 ws0\">14.9<span class=\"_ _212\"> </span>0.9<span class=\"_ _212\"> </span>0.7<span class=\"_ _d8\"> </span>16.5<span class=\"_ _23\"> </span><span class=\"ff88\">12.0<span class=\"_ _72\"> </span>1.4<span class=\"_ _72\"> </span>0.8<span class=\"_ _3b\"> </span>14.2<span class=\"_ _332\"> </span></span></span>Contributions f<span class=\"_ _15\"></span>rom scheme members <span class=\"_ _27e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _212\"> </span>0.1<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.2<span class=\"_ _72\"> </span>0.3<span class=\"_ _332\"> </span></span></span>Expenses paid<span class=\"_ _2e7\"> </span><span class=\"ff89 ls4 ws0\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.4)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _118\"> </span>(0.1)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _332\"> </span></span></span>Benefi<span class=\"_ _0\"></span>ts paid <span class=\"_ _120\"> </span><span class=\"ff89 ws0\">(7.0)<span class=\"_ _9b\"> </span>(0.5)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _9b\"> </span>(9.1)<span class=\"_ _72\"> </span><span class=\"ff88\">(6.9)<span class=\"_ _118\"> </span>(0.7)<span class=\"_ _118\"> </span>(1.0)<span class=\"_ _118\"> </span>(8.6)<span class=\"_ _332\"> </span></span></span>Pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>vice cost (including cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailment<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>)<span class=\"_ _13\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _59\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.6)<span class=\"_ _ae\"> </span>(0.6)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _203\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _81\"> </span>24.2<span class=\"_ _d8\"> </span>77.1<span class=\"_ _aa\"> </span>271.6<span class=\"_ _6e\"> </span><span class=\"ff88\">231.0<span class=\"_ _1d\"> </span>32.6<span class=\"_ _1d\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span>32. Retirement benefit schemes continued<span class=\"_ _332\"> </span>Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld by th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes we<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Equi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _26d\"> </span><span class=\"ff89 ls4 ws0\">28.3<span class=\"_ _141\"> </span>3.6<span class=\"_ _d8\"> </span>48.1<span class=\"_ _d8\"> </span>80.0<span class=\"_ _23\"> </span><span class=\"ff88\">64.3<span class=\"_ _3b\"> </span>15.1<span class=\"_ _1d\"> </span>49.6<span class=\"_ _9b\"> </span>129.0<span class=\"_ _332\"> </span></span></span>Government bonds <span class=\"_ _2a5\"> </span><span class=\"ff89 ls4 ws0\">67.9<span class=\"_ _d8\"> </span>10.5<span class=\"_ _141\"> </span>1.7<span class=\"_ _d8\"> </span>80.1<span class=\"_ _23\"> </span><span class=\"ff88\">82.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>83.2<span class=\"_ _332\"> </span></span></span>Corporate bonds <span class=\"_ _1ce\"> </span><span class=\"ff89 ls4 ws0\">50.5<span class=\"_ _212\"> </span>2.6<span class=\"_ _212\"> </span>9.8<span class=\"_ _d8\"> </span>62.9<span class=\"_ _23\"> </span><span class=\"ff88\">18.2<span class=\"_ _72\"> </span>3.4<span class=\"_ _1d\"> </span>14.6<span class=\"_ _3b\"> </span>36.2<span class=\"_ _332\"> </span></span></span>Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _20d\"> </span><span class=\"ff89\">3.4<span class=\"_ _212\"> </span>1.8<span class=\"_ _d8\"> </span>10.6<span class=\"_ _d8\"> </span>15.8<span class=\"_ _3a\"> </span></span>9.4<span class=\"_ _bb\"> </span>2.5<span class=\"_ _1d\"> </span>13.9<span class=\"_ _3b\"> </span>25.8<span class=\"_ _332\"> </span>Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">3.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.8<span class=\"_ _332\"> </span></span></span>Di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d grow<span class=\"_ _2\"></span>th fund<span class=\"_ _40\"> </span><span class=\"ff89 ls4\">9.5<span class=\"_ _212\"> </span>5.1<span class=\"_ _212\"> </span>1.5<span class=\"_ _d8\"> </span>16.1<span class=\"_ _23\"> </span><span class=\"ff88\">23.0<span class=\"_ _3b\"> </span>11.1<span class=\"_ _72\"> </span>3.4<span class=\"_ _1d\"> </span>37.5<span class=\"_ _332\"> </span></span></span>Cash <span class=\"_ _b1\"> </span><span class=\"ff89\">10.7<span class=\"_ _212\"> </span>0.6<span class=\"_ _212\"> </span>5.4<span class=\"_ _d8\"> </span>16.7<span class=\"_ _23\"> </span></span>30.1<span class=\"_ _72\"> </span>0.5<span class=\"_ _72\"> </span>4.5<span class=\"_ _3b\"> </span>35.1<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _139\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _81\"> </span>24.2<span class=\"_ _d8\"> </span>77.1<span class=\"_ _99\"> </span>271.6<span class=\"_ _5f\"> </span><span class=\"ff88\">231.0<span class=\"_ _3b\"> </span>32.6<span class=\"_ _1d\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span>The i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolios ar<span class=\"_ _0\"></span>e dive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>fied<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing in a w<span class=\"_ _0\"></span>ide r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, in or<span class=\"_ _0\"></span>der to p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance t<span class=\"_ _0\"></span>hat n<span class=\"_ _0\"></span>o sing<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe of a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t could h<span class=\"_ _0\"></span>ave a mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly a<span class=\"_ _0\"></span>dve<span class=\"_ _0\"></span>rse i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolio. T<span class=\"_ _15\"></span>o re<span class=\"_ _0\"></span>duce vol<span class=\"_ _0\"></span>atili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re hel<span class=\"_ _0\"></span>d in a ma<span class=\"_ _0\"></span>tchin<span class=\"_ _0\"></span>g por<span class=\"_ _2\"></span>tfolio, wh<span class=\"_ _0\"></span>ich la<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>ly cons<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e bon<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, desi<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d to mir<span class=\"_ _0\"></span>ror mov<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The propert<span class=\"_ _0\"></span>y assets represent quot<span class=\"_ _3\"></span>ed proper<span class=\"_ _0\"></span>ty investments.<span class=\"_ _332\"> </span>Ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ris<span class=\"_ _0\"></span>k ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, in com<span class=\"_ _0\"></span>mon w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of UK p<span class=\"_ _0\"></span>lans<span class=\"_ _0\"></span>, ha<span class=\"_ _0\"></span>s a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span>as of r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e way<span class=\"_ _0\"></span>s in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s so<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>to ma<span class=\"_ _0\"></span>nage t<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e set o<span class=\"_ _0\"></span>ut i<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red from b<span class=\"_ _0\"></span>oth a fun<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve, w<span class=\"_ _0\"></span>hich d<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>es the c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up, an<span class=\"_ _0\"></span>d from an a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tive,<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>i.e<span class=\"_ _0\"></span>. the ex<span class=\"_ _2\"></span>tent to w<span class=\"_ _0\"></span>hich s<span class=\"_ _0\"></span>uch ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s affec<span class=\"_ _2\"></span>t the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s financi<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span>Risk<span class=\"_ _2e8\"> </span><span class=\"lsf3 ws147\">Description<span class=\"_ _332\"> </span></span>Asse<span class=\"_ _0\"></span>t volatility<span class=\"_ _11b\"> </span><span class=\"ff88 ls6d ws0\">Th<span class=\"_ _0\"></span>e funding l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ated u<span class=\"_ _0\"></span>sing a d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rence to g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r </span>add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l ret<span class=\"_ _0\"></span>urn to b<span class=\"_ _0\"></span>e gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d from the i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolio. The d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r accoun<span class=\"_ _0\"></span>ting i<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted us<span class=\"_ _0\"></span>ing a disco<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h reference to co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me hol<span class=\"_ _0\"></span>ds a la<span class=\"_ _0\"></span>rge p<span class=\"_ _0\"></span>ropo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts (27%<span class=\"_ _0\"></span>) in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n-s<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts (<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally d<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fied g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h funds (D<span class=\"_ _0\"></span>GF<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) and p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ns on su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> tend t<span class=\"_ _0\"></span>o be vola<span class=\"_ _0\"></span>tile a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>re not co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his m<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the fun<span class=\"_ _0\"></span>ding l<span class=\"_ _0\"></span>evel ha<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al to be vo<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ile in the s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t term<span class=\"_ _0\"></span>, po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing in sh<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>sh r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, or al<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty offe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to <span class=\"ls4\"> </span>the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>, and a<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s bala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Equi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d DG<span class=\"_ _0\"></span>Fs are<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to offer t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rns ove<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>ong te<span class=\"_ _0\"></span>rm w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h an a<span class=\"_ _0\"></span>ccept<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le leve<span class=\"_ _0\"></span>l of risk a<span class=\"_ _0\"></span>nd h<span class=\"_ _0\"></span>ence th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>olds a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>ese t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pes of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me\u2019s as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e well-<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed by inves<span class=\"_ _2\"></span>ting in a ra<span class=\"_ _0\"></span>nge of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _3\"></span>, gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t bon<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d corp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ho<span class=\"_ _0\"></span>lds 8% of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n DG<span class=\"_ _0\"></span>Fs whi<span class=\"_ _0\"></span>ch see<span class=\"_ _0\"></span>k to mai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain hi<span class=\"_ _0\"></span>gh leve<span class=\"_ _0\"></span>ls of ret<span class=\"_ _0\"></span>urn w<span class=\"_ _0\"></span>hils<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ing l<span class=\"_ _0\"></span>ower vola<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>an dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y funds<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>is mo<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ored t<span class=\"_ _0\"></span>o ensu<span class=\"_ _0\"></span>re it r<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>ins a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate gi<span class=\"_ _0\"></span>ven t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>n bon<span class=\"_ _0\"></span>ds is di<span class=\"_ _0\"></span>scus<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> fu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w.<span class=\"_ _332\"> </span>Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds<span class=\"_ _107\"> </span><span class=\"ff88\">Falli<span class=\"_ _0\"></span>ng bon<span class=\"_ _0\"></span>d yi<span class=\"_ _0\"></span>elds te<span class=\"_ _0\"></span>nd to in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e the fund<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>nd accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. H<span class=\"_ _0\"></span>owever<span class=\"_ _15\"></span>, t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te and<span class=\"_ _0\"></span> </span>gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s offer<span class=\"_ _0\"></span>s a deg<span class=\"_ _0\"></span>ree of ma<span class=\"_ _0\"></span>tchi<span class=\"_ _0\"></span>ng, i<span class=\"_ _0\"></span>.e. th<span class=\"_ _0\"></span>e move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ari<span class=\"_ _0\"></span>sing from ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>ield<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ally m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>hes the m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he fund<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. In thi<span class=\"_ _0\"></span>s way<span class=\"_ _3\"></span>, t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s is red<span class=\"_ _0\"></span>uced<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Inflatio<span class=\"_ _0\"></span>n risk<span class=\"_ _80\"> </span><span class=\"ff88 ls6d ws0\">The ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re linke<span class=\"_ _0\"></span>d to infla<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Hig<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>ill lea<span class=\"_ _0\"></span>d to high<span class=\"_ _0\"></span>er lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es </span>(<span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e level of infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are in p<span class=\"_ _0\"></span>lace to p<span class=\"_ _0\"></span>rotec<span class=\"_ _2\"></span>t the pla<span class=\"_ _0\"></span>n ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>eme i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of <span class=\"ls4\"> </span>the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me\u2019s as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r unaffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted by i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion (fixed inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) or lo<span class=\"_ _0\"></span>osel<span class=\"_ _0\"></span>y corr<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h infla<span class=\"_ _0\"></span>tion (equi<span class=\"_ _0\"></span>ties)<span class=\"_ _3\"></span>, mea<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g tha<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n infla<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ill als<span class=\"_ _0\"></span>o incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>e defi<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Life<span class=\"_ _3\"></span> expectancy<span class=\"_ _56\"> </span><span class=\"ff88 ls6d ws0\">Th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme\u2019s oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re to pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>e a pens<span class=\"_ _0\"></span>ion for the l<span class=\"_ _0\"></span>ife of the mem<span class=\"_ _0\"></span>ber<span class=\"_ _3\"></span>, so inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in life </span>ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tanc<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>ill res<span class=\"_ _0\"></span>ult i<span class=\"_ _0\"></span>n an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of r<span class=\"_ _0\"></span>isk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span>Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ecis<span class=\"_ _0\"></span>ions in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nsib<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty of t<span class=\"_ _0\"></span>he T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t to en<span class=\"_ _0\"></span>sure t<span class=\"_ _0\"></span>hat p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on pl<span class=\"_ _0\"></span>an ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ged effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely. The G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>nd T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e have a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>d a lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>y for red<span class=\"_ _0\"></span>ucing i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te. Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n dea<span class=\"_ _0\"></span>th before re<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span>3<span class=\"_ _3\"></span>3. Co<span class=\"_ _0\"></span>ntingent<span class=\"_ _0\"></span> liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Contractual<span class=\"_ _3\"></span> disputes,<span class=\"_ _3\"></span> guarantees an<span class=\"_ _3\"></span>d ind<span class=\"_ _3\"></span>emnities<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is<span class=\"_ _0\"></span>, from tim<span class=\"_ _0\"></span>e to tim<span class=\"_ _0\"></span>e, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tual disp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>ise in t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>e of any of the<span class=\"_ _0\"></span>se dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes w<span class=\"_ _0\"></span>ill have a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n as a<span class=\"_ _0\"></span>lrea<span class=\"_ _0\"></span>dy p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed for in th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>n be n<span class=\"_ _0\"></span>o gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span>se prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns (which may b<span class=\"_ _0\"></span>e subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on from ti<span class=\"_ _0\"></span>me to tim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) wi<span class=\"_ _0\"></span>ll resul<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>n accu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te pre<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, due to t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies th<span class=\"_ _0\"></span>at may b<span class=\"_ _0\"></span>e incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of a pos<span class=\"_ _0\"></span>sible l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing to a cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in PFI con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is in t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cess of i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to prov<span class=\"_ _0\"></span>ide re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n work<span class=\"_ _2\"></span>s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. At th<span class=\"_ _0\"></span>is s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, no re<span class=\"_ _0\"></span>liab<span class=\"_ _0\"></span>le es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te or like<span class=\"_ _0\"></span>ly tim<span class=\"_ _0\"></span>ing of a<span class=\"_ _0\"></span>ny poss<span class=\"_ _0\"></span>ible li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, if it ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting da<span class=\"_ _0\"></span>te. The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies have p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce and fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tees<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns on i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s beh<span class=\"_ _0\"></span>alf, amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing to \u00a3<span class=\"_ _0\"></span>33.<span class=\"_ _3\"></span>7m (2022: \u00a3<span class=\"_ _0\"></span>29<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) in t<span class=\"_ _0\"></span>he ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re not e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to resu<span class=\"_ _0\"></span>lt in a<span class=\"_ _0\"></span>ny ma<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>al fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Multi-emplo<span class=\"_ _3\"></span>yer p<span class=\"_ _3\"></span>ension<span class=\"_ _3\"></span> schemes<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up (<span class=\"_ _3\"></span>or a s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _2\"></span>y of the Gro<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>) ex<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, pens<span class=\"_ _0\"></span>ion l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on may re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up to fund th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s sha<span class=\"_ _0\"></span>re of the to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of net l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>off ca<span class=\"_ _0\"></span>sh p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent (a Sec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 deb<span class=\"_ _0\"></span>t und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Pensio<span class=\"_ _0\"></span>ns Ac<span class=\"_ _0\"></span>t 1<span class=\"_ _3\"></span>995)<span class=\"_ _3\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to have a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie Pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plum<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>g Sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2.4m by the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r no even<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s occur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to tri<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ger th<span class=\"_ _0\"></span>is de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Employment claims<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is<span class=\"_ _0\"></span>, from tim<span class=\"_ _0\"></span>e to tim<span class=\"_ _0\"></span>e, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oym<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s, cla<span class=\"_ _0\"></span>ims<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>rise i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cou<span class=\"_ _0\"></span>rse of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t ant<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>ny of the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t mat<span class=\"_ _2\"></span>ters w<span class=\"_ _0\"></span>ill give r<span class=\"_ _0\"></span>ise to s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span>ly or in a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>te, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h will have a m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l adv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se effec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s financia<span class=\"_ _0\"></span>l pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. 34. Related part<span class=\"_ _0\"></span>y tr<span class=\"_ _0\"></span>ansactions<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re rela<span class=\"_ _0\"></span>ted p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties<span class=\"_ _0\"></span>, have be<span class=\"_ _0\"></span>en el<span class=\"_ _0\"></span>imina<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>n conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>re no<span class=\"_ _0\"></span>t discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in <span class=\"ls4\"> </span>this N<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>. Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc ha<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he Mi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e Foun<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, a char<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>. Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup m<span class=\"_ _0\"></span>ade d<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and g<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in k<span class=\"_ _0\"></span>ind of \u00a30.<span class=\"_ _0\"></span>2m (2022: \u00a30<span class=\"_ _0\"></span>.2m) to the Foun<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed reve<span class=\"_ _0\"></span>nue from t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ures o<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s of \u00a35.<span class=\"_ _0\"></span>8m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1.6m<span class=\"_ _3\"></span>). The<span class=\"_ _0\"></span> am<span class=\"_ _0\"></span>ount d<span class=\"_ _0\"></span>ue from j<span class=\"_ _0\"></span>oint ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>es at t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r end i<span class=\"_ _0\"></span>s \u00a30.4m (2022: \u00a30.4m<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d \u00a30.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m (2022: \u00a30<span class=\"_ _0\"></span>.2m) expe<span class=\"_ _0\"></span>nse ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> for bad or d<span class=\"_ _0\"></span>oub<span class=\"_ _0\"></span>tful d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>espe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s owe<span class=\"_ _0\"></span>d by join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s k<span class=\"_ _3\"></span>ey m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nnel i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e the E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>tive D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Execu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve (MG<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>). De<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ils of th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s\u2019 remu<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>re inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in No<span class=\"_ _0\"></span>te 7<span class=\"_ _15\"></span>. Th<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>une<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e oth<span class=\"_ _0\"></span>er me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs of t<span class=\"_ _0\"></span>he MG<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludin<span class=\"_ _0\"></span>g the s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>, is \u00a39<span class=\"_ _3\"></span>.4m (2022: \u00a39<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). No ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en en<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d into d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, n<span class=\"_ _0\"></span>or ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e end of t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, in w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span> Director had a<span class=\"_ _3\"></span> material inter<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Shor<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>-term emplo<span class=\"_ _3\"></span>yment benefit<span class=\"_ _0\"></span>s<span class=\"_ _16d\"> </span><span class=\"ff89 ls4 ws0\">3.7<span class=\"_ _84\"> </span><span class=\"ff88\">4.0<span class=\"_ _332\"> </span></span></span>Po<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>employment<span class=\"_ _3\"></span> benefit<span class=\"_ _0\"></span>s<span class=\"_ _2e9\"> </span><span class=\"ff89 ls4 ws0\">1.1<span class=\"_ _84\"> </span><span class=\"ff88\">0.3<span class=\"_ _332\"> </span></span></span>Share-based payments<span class=\"_ _24f\"> </span><span class=\"ff89 ls4 ws0\">4.6<span class=\"_ _84\"> </span><span class=\"ff88\">4.9<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _2ea\"> </span><span class=\"ff89 ls4\">9.4<span class=\"_ _84\"> </span><span class=\"ff88\">9.2<span class=\"_ _332\"> </span></span></span>All tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>ted p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties were m<span class=\"_ _0\"></span>ade o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>hose t<span class=\"_ _0\"></span>hat p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ail in a<span class=\"_ _0\"></span>rm\u2019s leng<span class=\"_ _2\"></span>th tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. No ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he defi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion of re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>35. Ev<span class=\"_ _3\"></span>ents af<span class=\"_ _0\"></span>ter the repor<span class=\"_ _0\"></span>ting period<span class=\"_ _332\"> </span>On 6 A<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>l 2023, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ced tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t had acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>re issu<span class=\"_ _0\"></span>ed sh<span class=\"_ _0\"></span>are c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l of Lin<span class=\"_ _0\"></span>x Inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d, A<span class=\"_ _0\"></span>rc T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d, Per<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tui<span class=\"_ _0\"></span>ty T<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d T<span class=\"_ _15\"></span>avcom Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (<span class=\"_ _3\"></span>coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y Lin<span class=\"_ _0\"></span>x Inte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>), a highl<span class=\"_ _0\"></span>y resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ris<span class=\"_ _0\"></span>k ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss whi<span class=\"_ _0\"></span>ch als<span class=\"_ _0\"></span>o prov<span class=\"_ _0\"></span>ides t<span class=\"_ _0\"></span>echn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l and m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng to the s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y. T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is \u00a3<span class=\"_ _15\"></span>1.8m an<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on wa<span class=\"_ _0\"></span>s fun<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span> from the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s exis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g for the bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s comb<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n had no<span class=\"_ _0\"></span>t bee<span class=\"_ _0\"></span>n comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>he ti<span class=\"_ _0\"></span>me the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts we<span class=\"_ _0\"></span>re au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>sed for iss<span class=\"_ _0\"></span>ue. M<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>way of th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the ne<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>nd any go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will to b<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> of the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on. L<span class=\"_ _0\"></span>inx I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p will b<span class=\"_ _0\"></span>e inte<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d into t<span class=\"_ _0\"></span>he Bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices di<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on.<span class=\"_ _332\"> </span>On 1<span class=\"_ _3\"></span>8 A<span class=\"_ _0\"></span>pril 2023, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>unce<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ion to u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ke a \u00a350<span class=\"_ _0\"></span>m sha<span class=\"_ _0\"></span>re bu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>ack p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mme ove<span class=\"_ _0\"></span>r the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t 1<span class=\"_ _6\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>On 2 M<span class=\"_ _0\"></span>ay 2023, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ced tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t had a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>re iss<span class=\"_ _0\"></span>ued sh<span class=\"_ _0\"></span>are c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l of R H Ir<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ng Ind<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, a sp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>t in s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span>, buil<span class=\"_ _0\"></span>ding o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he UK<span class=\"_ _0\"></span>\u2019s leadi<span class=\"_ _0\"></span>ng inte<span class=\"_ _0\"></span>llige<span class=\"_ _0\"></span>nce an<span class=\"_ _0\"></span>d techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y-le<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s funde<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s exis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng for the bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n had n<span class=\"_ _0\"></span>ot be<span class=\"_ _0\"></span>en com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t the t<span class=\"_ _0\"></span>ime th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s were a<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>thor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d for issue<span class=\"_ _0\"></span>. Me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ay of the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e net a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d and a<span class=\"_ _0\"></span>ny goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill to <span class=\"ls4\"> </span>be re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on. R H I<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g Ind<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ials L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d will b<span class=\"_ _0\"></span>e integ<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>nto th<span class=\"_ _0\"></span>e Bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces div<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on.<span class=\"_ _332\"> </span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings<span class=\"_ _332\"> </span>Subsidia<span class=\"_ _0\"></span>ries The co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nie<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t below a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>ere pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>8Point8 S<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2eb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>8Point8 T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aining Limite<span class=\"_ _0\"></span>d<span class=\"_ _2ec\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ba<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>an\u2019s Cleani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke Power Sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal Ltd<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bio<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>ture L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>29<span class=\"_ _3\"></span>7364<span class=\"_ _3\"></span>)<span class=\"_ _259\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Broa<span class=\"_ _0\"></span>dreach G<span class=\"_ _0\"></span>roup Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bui<span class=\"_ _0\"></span>lding &amp; P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es Ltd<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ca<span class=\"_ _0\"></span>re &amp; Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>dy (H<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>88<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _166\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Cole Motors Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>CT<span class=\"_ _0\"></span>I Power Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>8<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0)<span class=\"_ _2ed\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Cus<span class=\"_ _0\"></span>tom So<span class=\"_ _0\"></span>lar Ltd<span class=\"_ _2ee\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Esote<span class=\"_ _0\"></span>ric Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 044<span class=\"_ _0\"></span>4<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _214\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International Group<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International L<span class=\"_ _3\"></span>td<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>723<span class=\"_ _3\"></span>)<span class=\"_ _db\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Gr<span class=\"_ _0\"></span>een P<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>et De<span class=\"_ _0\"></span>sign Lt<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Insi<span class=\"_ _0\"></span>tu Cle<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ing Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>623<span class=\"_ _3\"></span>889<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>Kin<span class=\"_ _0\"></span>gdom of S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia<span class=\"_ _2ef\"> </span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Jabe<span class=\"_ _0\"></span>z Holdings Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>29988<span class=\"_ _15\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Holdings Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter O<span class=\"_ _0\"></span>ffice Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Macl<span class=\"_ _0\"></span>ella<span class=\"_ _0\"></span>n G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLella<span class=\"_ _0\"></span>n Inte<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ted Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vices L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLel<span class=\"_ _3\"></span>lan International<span class=\"_ _3\"></span> Airpor<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an International Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>368<span class=\"_ _3\"></span>8689<span class=\"_ _3\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>MacLella<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an Management Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 03<span class=\"_ _15\"></span>385466)<span class=\"_ _58\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie (D<span class=\"_ _0\"></span>efence<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _233\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices-S<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>gh<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00954<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _87\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Aviation Securit<span class=\"_ _0\"></span>y Limited<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>t Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00972<span class=\"_ _15\"></span>45<span class=\"_ _3\"></span>7)<span class=\"_ _16\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd Cus<span class=\"_ _2\"></span>tody Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ring S<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _204\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l de Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _26d\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng &amp; Envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cli<span class=\"_ _0\"></span>ent S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Compan<span class=\"_ _3\"></span>y Secretarial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>and ownership<span class=\"_ _332\"> </span>interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _260\"> </span><span class=\"ls75 ws138\">G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ny<span class=\"_ _157\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.1<span class=\"_ _6\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>ristol) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _25d\"> </span><span class=\"ls9 ws8\">G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _24\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _10a\"> </span><span class=\"ls9 ws8\">Jer<span class=\"_ _0\"></span>sey<span class=\"_ _1ce\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Eng<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s (Nor<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>rn Reg<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (Wales<span class=\"_ _6\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie En<span class=\"_ _3\"></span>vironmental Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _8b\"> </span><span class=\"ls13 wsb\">U<span class=\"_ _0\"></span>nited Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>Ireland<span class=\"_ _2b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _2f2\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f3\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _2f4\"> </span><span class=\"ls19 ws18\">Fra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _f5\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FS (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _2f5\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Pensio<span class=\"_ _0\"></span>n Sche<span class=\"_ _0\"></span>me T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2f6\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Infras<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>ture Limited<span class=\"_ _332\"> </span>2,5 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>)<span class=\"_ _da\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _ad\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _94\"> </span><span class=\"ls13 ws10\">Sp<span class=\"_ _0\"></span>ain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _240\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _231\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Internatio<span class=\"_ _0\"></span>nal Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie In<span class=\"_ _3\"></span>ves<span class=\"_ _0\"></span>tments Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie La<span class=\"_ _0\"></span>ndscapes Limited<span class=\"_ _ac\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _0\"></span> <span class=\"_ _4c\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Limi<span class=\"_ _0\"></span>ted<span class=\"_ _1c8\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Manage<span class=\"_ _0\"></span>d Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _133\"> </span><span class=\"ls4 ws0\">Netherlands<span class=\"_ _2f7\"> </span><span class=\"ff89\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2f8\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie PFI L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f9\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Projec<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ro<span class=\"_ _0\"></span>ofing L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Schweiz GmbH<span class=\"_ _2fa\"> </span><span class=\"ls19 ws18\">Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _28a\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>ire &amp; Ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>irs<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _194\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Security (Kni<span class=\"_ _3\"></span>ghtsbridge<span class=\"_ _3\"></span>) Limited<span class=\"_ _2fb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Securi<span class=\"_ _0\"></span>ty Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2fc\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Shared Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _2fd\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings continued<span class=\"_ _332\"> </span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>and ownership<span class=\"_ _332\"> </span>interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>304<span class=\"_ _0\"></span>440<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _72\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Suomi Oy<span class=\"_ _2fe\"> </span><span class=\"ls13 ws10\">Finland<span class=\"_ _2f1\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T S 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4,6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>709<span class=\"_ _3\"></span>49<span class=\"_ _3\"></span>57)<span class=\"_ _73\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>echnical Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>98048)<span class=\"_ _12a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Asset<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 088<span class=\"_ _0\"></span>0505<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _41\"> </span><span class=\"ls13 wsb\">Unite<span class=\"_ _0\"></span>d Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>67<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>99<span class=\"_ _3\"></span>)<span class=\"_ _2ff\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms T<span class=\"_ _15\"></span>owe<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 088<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _9\"></span>106<span class=\"_ _15\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms V<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 088<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>098<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>nsp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y Management Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rus<span class=\"_ _0\"></span>tee Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e &amp; Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tiefm (Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs<span class=\"_ _3\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>27<span class=\"_ _15\"></span>829<span class=\"_ _15\"></span>)<span class=\"_ _4a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tiefm Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>282<span class=\"_ _3\"></span>0560<span class=\"_ _15\"></span>)<span class=\"_ _b0\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _1f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Par<span class=\"_ _0\"></span>kers<span class=\"_ _0\"></span>ell Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Pho<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>x Fire S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Procius Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 0473<span class=\"_ _3\"></span>0672<span class=\"_ _15\"></span>)<span class=\"_ _200\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>R &amp; D Hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1d3\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Rock Power Co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Ltd<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>47<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>08<span class=\"_ _3\"></span>)<span class=\"_ _300\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce Eigh<span class=\"_ _0\"></span>t Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2,4 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>047<span class=\"_ _15\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _301\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 Afric<span class=\"_ _0\"></span>a Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 08<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>37<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _34\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _105\"> </span><span class=\"ls25 ws12c\">Nigeria<span class=\"_ _302\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>SSD U<span class=\"_ _0\"></span>K Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _c0\"> </span><span class=\"ls13 ws10\">S<span class=\"_ _0\"></span>pain<span class=\"_ _2f0\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>UK CR<span class=\"_ _0\"></span>BS Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>365<span class=\"_ _15\"></span>69<span class=\"_ _3\"></span>62<span class=\"_ _15\"></span>)<span class=\"_ _303\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Uni<span class=\"_ _0\"></span>que Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Projects Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Broking Li<span class=\"_ _3\"></span>mited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>U<span class=\"_ _0\"></span>tily<span class=\"_ _2\"></span>x Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re Ener<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>900<span class=\"_ _0\"></span>47<span class=\"_ _3\"></span>5)<span class=\"_ _103\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Holding<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ut<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _304\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Utily<span class=\"_ _0\"></span>x Risk<span class=\"_ _3\"></span> Management Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 049<span class=\"_ _3\"></span>993<span class=\"_ _3\"></span>92<span class=\"_ _15\"></span>)<span class=\"_ _12c\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>V<span class=\"_ _3\"></span>ant<span class=\"_ _0\"></span>age Solu<span class=\"_ _0\"></span>tions Limited<span class=\"_ _260\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>389<span class=\"_ _3\"></span>257<span class=\"_ _3\"></span>5)<span class=\"_ _2e8\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings continued<span class=\"_ _332\"> </span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>and ownership<span class=\"_ _332\"> </span>interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>W<span class=\"_ _3\"></span>aveambda Lim<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _3\"></span>86<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>83<span class=\"_ _3\"></span>7)<span class=\"_ _2f7\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>W<span class=\"_ _3\"></span>ealthy Thoughts Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 03839703)<span class=\"_ _305\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3 an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>ll t<span class=\"_ _0\"></span>ake t<span class=\"_ _0\"></span>he exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar (<span class=\"_ _0\"></span>by vi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on 48<span class=\"_ _0\"></span>0 of t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _2\"></span>t 2006).<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ha<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 479A of the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06 for th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3. A<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h, Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed a g<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ll de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>3. <span class=\"_ _5\"> </span>H<span class=\"_ _0\"></span>eld d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _332\"> </span>4. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>s dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ino<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>his su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in a cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing fewe<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an 50<span class=\"_ _0\"></span>% of th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ued s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f the s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>6.  <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d office of all su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _15\"></span>2, T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>d, 32 Londo<span class=\"_ _0\"></span>n Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Stree<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the followi<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span>Company <span class=\"_ _b1\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>PO B<span class=\"_ _0\"></span>ox 26<span class=\"_ _3\"></span>982, Ri<span class=\"_ _0\"></span>yad<span class=\"_ _0\"></span>h, 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>59<span class=\"_ _3\"></span>5, K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om of S<span class=\"_ _0\"></span>audi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l De Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _162\"> </span>Calle S<span class=\"_ _0\"></span>an Mi<span class=\"_ _0\"></span>gue<span class=\"_ _0\"></span>l 25, B<span class=\"_ _0\"></span>ajo 1, Az<span class=\"_ _0\"></span>uqu<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>a de He<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, 1<span class=\"_ _15\"></span>920<span class=\"_ _0\"></span>0, G<span class=\"_ _0\"></span>uad<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>jar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _2ed\"> </span><span class=\"ls6d ws0\">c/o Pinse<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ons G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>many L<span class=\"_ _0\"></span>LP<span class=\"_ _6\"></span>, OT<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>OS<span class=\"_ _0\"></span>TR<span class=\"_ _2\"></span>. 2<span class=\"_ _6\"></span>1, 803<span class=\"_ _3\"></span>33, Munich<span class=\"_ _0\"></span>, Ge<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ny<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _1a5\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o MPR Priv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e Clien<span class=\"_ _0\"></span>ts L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, PO B<span class=\"_ _0\"></span>ox 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>9<span class=\"_ _3\"></span>, Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello Co<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t, Admi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, St Peter Por<span class=\"_ _2\"></span>t,<span class=\"_ _332\"> </span></span>GY<span class=\"_ _3\"></span>1 3HB<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _332\"> </span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _5b\"> </span><span class=\"ls6d ws0\">IFC 5, St He<span class=\"_ _0\"></span>lier<span class=\"_ _15\"></span>, J<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 1<span class=\"_ _3\"></span>ST, Jers<span class=\"_ _0\"></span>ey<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _306\"> </span>1<span class=\"_ _3\"></span>08 Q H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Fur<span class=\"_ _0\"></span>ze Ro<span class=\"_ _0\"></span>ad, S<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ford, D<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>lin 1<span class=\"_ _3\"></span>8, I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _28a\"> </span>Calle J<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>n Igna<span class=\"_ _0\"></span>cio Lu<span class=\"_ _0\"></span>ca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>en<span class=\"_ _0\"></span>a, 8<span class=\"_ _0\"></span>, 28027<span class=\"_ _6\"></span>, M<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>, Spa<span class=\"_ _0\"></span>in<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _8a\"> </span>259 Rue St Hono<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 75001<span class=\"_ _15\"></span>, Pa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>, Fra<span class=\"_ _0\"></span>nce<span class=\"_ _332\"> </span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _216\"> </span>c/o Cala B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, N\u00fam<span class=\"_ _0\"></span>ero 1<span class=\"_ _3\"></span>5, Pol\u00edgon<span class=\"_ _0\"></span>o So<span class=\"_ _0\"></span>n Fus<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, 0700<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>, Pal<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _127\"> </span>c<span class=\"_ _0\"></span>/o Lucia<span class=\"_ _0\"></span>no R<span class=\"_ _0\"></span>amo<span class=\"_ _0\"></span>s Dia<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>, Loc<span class=\"_ _0\"></span>al 2 D<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>o 4 \u2013 S Cris<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>bal L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, 38202, S<span class=\"_ _0\"></span>an Cri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toba<span class=\"_ _0\"></span>l <span class=\"ls4\"> </span>de la L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, T<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _10a\"> </span>C<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a Sa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a Creu d<span class=\"_ _0\"></span>o Ca<span class=\"_ _0\"></span>lafell 8<span class=\"_ _15\"></span>1, Gave, 0<span class=\"_ _0\"></span>8850, B<span class=\"_ _0\"></span>arcel<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _2c\"> </span><span class=\"ls6d ws0\">Jav<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>at 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Rot<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>m, N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _217\"> </span>Mi<span class=\"_ _0\"></span>tec O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Cen<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>t 9B<span class=\"_ _0\"></span>, Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Flo<span class=\"_ _0\"></span>or<span class=\"_ _15\"></span>, S<span class=\"_ _0\"></span>ilve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>woo<span class=\"_ _0\"></span>d Bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>lver<span class=\"_ _2\"></span>wood Rd,<span class=\"_ _332\"> </span>Lur<span class=\"_ _0\"></span>gan<span class=\"_ _0\"></span>, Cr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>avon, N<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span>n Irel<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, BT<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>6 6SY<span class=\"_ _15\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span>Mitie Schweiz GmbH<span class=\"_ _11e\"> </span><span class=\"ls6d ws0\">Br<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dsc<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>kes<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse 9<span class=\"_ _0\"></span>0, CH<span class=\"_ _0\"></span>-8<span class=\"_ _0\"></span>027<span class=\"_ _6\"></span>, Zur<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mitie Suomi Oy<span class=\"_ _292\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o Ov Vis<span class=\"_ _0\"></span>ma S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Infocon A<span class=\"_ _0\"></span>b, Porme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>nrin<span class=\"_ _0\"></span>e 8, 0<span class=\"_ _0\"></span>01<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>0 Hel<span class=\"_ _0\"></span>sink<span class=\"_ _0\"></span>i, F<span class=\"_ _0\"></span>inla<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _21e\"> </span><span class=\"ls6d ws0\">3<span class=\"_ _3\"></span>5 D<span class=\"_ _0\"></span>uche<span class=\"_ _0\"></span>ss Ro<span class=\"_ _0\"></span>ad, Ru<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>, Gl<span class=\"_ _0\"></span>asg<span class=\"_ _0\"></span>ow, Scotlan<span class=\"_ _0\"></span>d, G7<span class=\"_ _0\"></span>3 1<span class=\"_ _15\"></span>AU, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _88\"> </span>235 Ikorod<span class=\"_ _0\"></span>u Road<span class=\"_ _0\"></span>, Ilup<span class=\"_ _0\"></span>eju<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>agos<span class=\"_ _0\"></span>, Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _13f\"> </span><span class=\"ls6d ws0\">C<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>e Jua<span class=\"_ _0\"></span>n Ign<span class=\"_ _0\"></span>acio L<span class=\"_ _0\"></span>uca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>, 8, 28027<span class=\"_ _15\"></span>, Ma<span class=\"_ _0\"></span>drid<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span></span>No su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re in l<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2023<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings continued<span class=\"_ _332\"> </span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings continued<span class=\"_ _332\"> </span>Joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Entity<span class=\"_ _307\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> % nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Interserve Rezayat Compan<span class=\"_ _3\"></span>y LL<span class=\"_ _3\"></span>C<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Uni<span class=\"_ _0\"></span>t 6 an<span class=\"_ _0\"></span>d 7<span class=\"_ _15\"></span>, Al A<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ni Cen<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>s Bi<span class=\"_ _0\"></span>n Mal<span class=\"_ _0\"></span>ik Road<span class=\"_ _0\"></span>, Bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g num<span class=\"_ _0\"></span>ber 2727<span class=\"_ _6\"></span>,<span class=\"_ _0\"></span> Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l numb<span class=\"_ _0\"></span>er 8<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>4, R<span class=\"_ _0\"></span>iy<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>h, Pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al Co<span class=\"_ _0\"></span>de 1<span class=\"_ _15\"></span>33, Kingd<span class=\"_ _0\"></span>om of Sa<span class=\"_ _0\"></span>udi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _79\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _58\"> </span>50%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>Level 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>ge Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, SE<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">51%<span class=\"_ _e6\"> </span>51%<span class=\"_ _332\"> </span></span>Pri<span class=\"_ _0\"></span>de (SERP) Ltd<span class=\"_ _77\"> </span>L<span class=\"_ _0\"></span>evel 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, The S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>ridg<span class=\"_ _0\"></span>e Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ki<span class=\"_ _0\"></span>ngdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _e6\"> </span>50%<span class=\"_ _332\"> </span></span>Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP<span class=\"_ _e3\"> </span>Level 1<span class=\"_ _3\"></span>2, T<span class=\"_ _0\"></span>he Sh<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, 32 London B<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>idge St<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>t, Lo<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n, SE<span class=\"_ _3\"></span>1 9SG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d King<span class=\"_ _0\"></span>dom<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">35%<span class=\"_ _58\"> </span>35%<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>his e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s in li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>2.  <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed ow<span class=\"_ _0\"></span>ns 49% of L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Gu<span class=\"_ _0\"></span>lf Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt LLC<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>n ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>gis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d offic<span class=\"_ _0\"></span>e is in t<span class=\"_ _0\"></span>he Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b Emi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations<span class=\"_ _128\"> </span><span class=\"ls107 ws42\">Countr<span class=\"_ _0\"></span>y of incorporation <span class=\"_ _b3\"> </span><span class=\"ls119 wsdd\">Prin<span class=\"_ _0\"></span>cipal activit<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> % interest<span class=\"_ _332\"> </span>OneA<span class=\"_ _0\"></span>im<span class=\"_ _42\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _19d\"> </span><span class=\"ls9 ws8\">Si<span class=\"_ _0\"></span>tewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>s<span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">50%</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "(a) Basis of preparation Mitie Group plc(the Company) is a company incorporated in the United Kingdom and registered in Scotland. It was incorporated on 16 July 1936 under the Companies Act 1929. The Company\u2019s registered office is at 35 Duchess Road, Rutherglen, Glasgow, G73 1AU. The Group comprises the Company and all its subsidiaries. The Group\u2019s consolidated financial statements are presented in pounds sterling, which is the Company\u2019s functional and presentational currency. All amounts have been rounded to the nearest one hundred thousand pounds, unless otherwise indicated. The Group\u2019s principal activities are focused on the provision of strategic outsourcing, including the management and provision of business support services and ancillary activities. The Group\u2019s consolidated financial statements for the year ended 31 March 2023 have been prepared in accordance with UK-adopted International Accounting Standards. The Group\u2019s consolidated financial statements have been prepared on the historical cost basis, except for certain financial instruments which are required to be measured at fair value.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "Mitie Group plc(the Company) is a company incorporated in the United Kingdom and registered in Scotland. It was incorporated on 16 July 1936 under ",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-659": {
   "value": "Mitie Group plc(the Company) is a company incorporated in the United Kingdom and registered in Scotland. It was incorporated on 16 July 1936 under the Companies Act 1929. The Company\u2019s registered office is at 35 Duchess Road, Rutherglen, Glasgow, G73 1AU. The Group comprises the Company and all its subsidiaries. The Group\u2019s consolidated financial statements are presented in pounds sterling, which is the Company\u2019s functional and presentational currency. All amounts have been rounded to the nearest one hundred thousand pounds, unless otherwise indicated. The Group\u2019s consolidated financial statements for the year ended 31 March 2023 have been prepared in accordance with UK-adopted International Accounting Standards. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Mitie Group plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "Scotland",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "35 Duchess Road, Rutherglen, Glasgow, G73 1AU",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "The Group\u2019s principal activities are focused on the provision of strategic outsourcing, including the management and provision of business support services and ancillary activities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "The Group\u2019s consolidated financial statements for the year ended 31 March 2023 have been prepared in accordance with UK-adopted International Accounting Standards. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "Going concern The consolidated financial statements for the year ended 31 March 2023 have been prepared on a going concern basis. In adopting the going concern basis, the Directors have considered the Group\u2019s business activities as set out on pages 6 to 72 of the Annual Report and Accounts 2023 and the principal risks and uncertainties as set out on pages 73 to 82 and the viability statement on page 84 of the same. The Directors have carried out an assessment of the Group\u2019s and the Company\u2019s ability to continue as a going concern for the period of at least 12 months from the date of approval of the consolidated financial statements (the Going Concern Assessment Period). This assessment was based on the latest medium-term cash forecasts from the Group\u2019s cash flow model (the Base Case Forecasts), which is based on the Board approved budget. These Base Case Forecasts indicate that the debt facilities currently in place are adequate to support the Group and the Company over the Going Concern Assessment Period. The Group\u2019s principal debt financing arrangements as at 31 March 2023 were a \u00a3150.0m revolving credit facility maturing in October 2026, of which  \u00a38.4m was drawn as at 31 March 2023, and \u00a3150.0m of US private placement (USPP) notes. These financing arrangements are subject to certain financial covenants which are tested every six months on a rolling 12-month basis, as set out in the Finance review on page 72. Of the USPP notes, \u00a3120.0m were issued in December 2022 under a delayed funding agreement to avoid any overlap with the \u00a3121.5m (being the repayment amount after taking account of the cross-currency interest rate swaps) of notes that matured in the same month. The new notes are split equally between 8, 10 and 12 year maturities, and were issued with an average coupon of 2.94% that is significantly below the coupon of the maturing notes. The Base Case Forecasts assume that the remaining \u00a330.0m of USPP notes, which are due to mature in December 2024, will not be replaced. Mitie currently operates within the terms of the agreements with its lenders, with consolidated net cash (i.e. net cash adjusted for covenant purposes, primarily by the exclusion of lease liabilities) of \u00a383.5m at 31 March 2023. The Base Case Forecasts indicate that the Group will continue to operate within these terms and that the headroom provided by the Group\u2019s debt facilities currently in place is adequate to support the Group over the Going Concern Assessment Period. The Directors have also completed a reverse stress test using the Group cash flow model to assess the point at which the financial covenants, or facility headroom, would be breached. The sensitivities considered have been chosen after considering the Group\u2019s principal risks and uncertainties. The primary financial risks related to adverse changes in the economic environment and/or a deterioration in commercial or operational conditions are listed below. These risks have been considered in the context of any further UK budgetary changes, political uncertainty and the continued impact of the Russian invasion of Ukraine, as well as an inflationary and potentially recessionary economic environment: \u2022  A downturn in revenues: this reflects the risks of not being able to deliver services to existing customers, or contracts being terminated or not renewed; \u2022  A deterioration of gross margin: this reflects the risks of contracts being renegotiated at lower margins, or planned cost savings not being delivered; \u2022  An increase in costs: this reflects the risks of a shortfall in planned overhead cost savings, including the margin enhancement initiatives not being delivered, or other cost increases, such as sustained higher cost inflation; and \u2022  A downturn in cash generation: this reflects the risks of customers delaying payments due to liquidity constraints, the removal of ancillary debt facilities or any substantial one-off settlements related to commercial issues As a result of completing this assessment, the Directors concluded that the likelihood of the reverse stress scenarios arising was remote. In reaching the conclusion of remote, the Directors considered the following: \u2022  All stress test scenarios would require a very severe deterioration compared to the Base Case Forecasts. Revenue is considered to be the key risk, as this is less within the control of management. Revenue would need to decline by approximately 38% in the year ending 31 March 2024, compared to the Base Case Forecasts, which is considered to be very severe given the high proportion of Mitie\u2019s revenue that is fixed in nature and the fact that even in the Covid-hit year ended 31 March 2021, Mitie\u2019s revenue excluding Interserve declined by only 1.6%. \u2022  In the event that results started to trend significantly below those included in the Base Case Forecasts, additional mitigation actions have been identified that would be implemented, which are not factored into the stress test scenarios. These include the short-term scaling down of capital expenditure, overhead efficiency/reduction measures including cancellation of discretionary bonuses and reduced discretionary spend, asset disposals and reductions in cash distributions and share buybacks. Based on these assessments, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for a period of no less than 12 months from the date of approval of these consolidated financial statements. In addition, the Directors have concluded that the likelihood of the reverse stress scenarios arising is remote and therefore no material uncertainty exists. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "Accounting standards that are newly effective in the current year The following amendments became effective during the year ended 31 March 2023: Amendment to IAS 37 Onerous Contracts - Cost of Fulfilling a Contract The Group adopted the amendment to IAS 37 Onerous Contracts \u2013 Cost of Fulfilling a Contract on 1 April 2022. The amendment clarifies that costs to fulfil  a contract comprise both incremental costs of fulfilling a contract and an allocation of other direct costs that relate to fulfilling contracts. This resulted in  a change in accounting policy when performing onerous contract assessments. Previously, the Group included only incremental costs to fulfil a contract when determining whether a contract was onerous. The revised policy is to include both incremental costs and an allocation of other direct costs. As a result of the revised accounting policy, certain other direct supervision and management costs have been included by the Group in determining the costs of fulfilling a contract. The Group, therefore, recognised additional provisions of \u00a31.1m for costs that existed at 1 April 2022 on onerous contracts (see Note 21). The amendments apply prospectively to contracts at the date when the amendments are first applied, and therefore the Group has not restated comparative information. Amendments to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use In May 2020, the International Accounting Standards Board (IASB) published amendments to IAS 16 Property, Plant and Equipment, which require amounts received from selling items produced while the Company is preparing the asset for its intended use to be recognised in profit or loss, and not as an adjustment to the cost of the asset as was previously the case. The Group has not recognised any such amounts within property, plant and equipment  and thus the amendment has not had an impact on the consolidated financial statements. Amendments to IFRS 3 Business Combinations - Reference to the Conceptual Framework The amendments replace a reference to a previous version of the IASB\u2019s Conceptual Framework with a reference to the current version issued in  March 2018 without significantly changing its requirements. The amendments add an exception to the recognition principle of IFRS 3 Business Combinations to avoid the issue of potential \u2018day 2\u2019 gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets or IFRIC 21 Levies, if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. The amendments also add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. In accordance with the transitional provisions, the Group applies the amendments prospectively, i.e. to business combinations occurring after 1 April 2022; that being the financial year in which the Group has first applied the amendments (the date of initial application). These amendments had no impact on the consolidated financial statements of  the Group as there were no contingent assets, liabilities or contingent liabilities within the scope of these amendments that arose during the year. Accounting standards that are not yet mandatory and have not been applied by the Group At the date of authorisation of these consolidated financial statements, the Group has not applied the following new and revised IFRS Accounting Standards that have been issued but are not yet effective: \u2022  IFRS 17 Insurance Contracts \u2022  Amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures \u2013 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture \u2022  Amendments to IAS 1 Presentation of Financial Statements \u2013 Classification of Liabilities as Current or Non-current \u2022  Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements \u2013 Disclosure of Accounting Policies \u2022  Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors \u2013 Definition of Accounting Estimates \u2022  Amendments to IAS 12 Income Taxes \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction The Group is assessing the impact of these new standards, and the Group\u2019s financial reporting will be presented in accordance with these standards from the effective date(b) Classification of surplus on PFI lifecycle contracts The Group has a number of long-term PFI lifecycle contracts to maintain properties over periods of up to 30 years. A fund is established at the start of the  contract and amounts are drawn down by the Group as maintenance work is performed. For certain contracts, the Group is also entitled to share in any  surplus left in the fund. Revenue is recognised over time to reflect the rendering of the service, including an assessment of the appropriate proportion of  the likely surplus in the fund, subject to being highly probable not to reverse. Historically the Group has classified receivables in respect of the surplus on PFI lifecycle funds within current assets on the balance sheet. During the year,  following a review of these contracts, management concluded that these assets should be reclassified as non-current assets on the balance sheet, in order to reflect the timing of cash realisation of receivables across the Group\u2019s portfolio of contracts. This change has been accounted for retrospectively, and accordingly, the comparative information for 31 March 2022 has been restated, which has resulted in a reclassification between current and non-current \u2018trade and other receivables\u2019. There has been no impact on the income statement, earnings per share  or net assets. 31 March 2022 As reported  \u00a3m Reclassification  \u00a3m As restated  \u00a3m Trade and other receivables 7.8 17.3 25.1 Total non-current assets 738.1 17.3 755.4 Trade and other receivables 704.0 (17.3) 686.7 Total current assets 1,083.3 (17.3) 1,066.0 Total assets 1,821.4 \u2013 1,821.4 Net current liabilities (71.3) (17.3) (88.6) Net assets 425.8 \u2013 425.8 31 March 2021 As reported  \u00a3m Reclassification  \u00a3m As restated  \u00a3m Trade and other receivables 8.3 17.3 25.6 Total non-current assets 735.3 17.3 752.6 Trade and other receivables 678.8 (17.3) 661.5 Total current assets 893.6 (17.3) 876.3 Total assets 1,628.9 \u2013 1,628.9 Net current assets 19.0 (17.3) 1.7 Net assets 357.5 \u2013 357.5 The impact as at 1 April 2020 would have been a reclassification between current and non-current \u2018trade and other receivables\u2019 of \u00a314.0m.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "<div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs6e\">(<span class=\"_ _3\"></span>c)<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>ignificant accounting policies<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs6f\">The s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s ado<span class=\"_ _0\"></span>pted i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s IFRS fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>elow.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs70\">Basis of<span class=\"_ _3\"></span> consolidation<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs71\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>lc an<span class=\"_ _0\"></span>d all i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny\u2019s sepa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs72\">fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d by the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny mee<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he defi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion of a q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>fy<span class=\"_ _0\"></span>ing en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er FRS 100 is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs73\">by the Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting Co<span class=\"_ _0\"></span>uncil (<span class=\"_ _0\"></span>FRC). According<span class=\"_ _0\"></span>ly<span class=\"_ _3\"></span>, for the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er FR<span class=\"_ _0\"></span>S 1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1 a<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ued by t<span class=\"_ _0\"></span>he FRC<span class=\"_ _0\"></span>. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs74\">As p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by FR<span class=\"_ _0\"></span>S 1<span class=\"_ _3\"></span>01<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ken ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>age of t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re exem<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>hat s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs75\">In pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s accounti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icies a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>ods of co<span class=\"_ _0\"></span>mpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on we<span class=\"_ _0\"></span>re, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>on of <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs76\">the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y referr<span class=\"_ _0\"></span>ed to ab<span class=\"_ _0\"></span>ove, t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hose t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lied in t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs77\">for the yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022, w<span class=\"_ _0\"></span>hich we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>red in a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h UK-adop<span class=\"_ _0\"></span>ted I<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ards i<span class=\"_ _0\"></span>n conformi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs78\">req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies Ac<span class=\"_ _2\"></span>t 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs79\">Sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te on w<span class=\"_ _0\"></span>hich co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d cea<span class=\"_ _0\"></span>se to be co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted from t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te on w<span class=\"_ _0\"></span>hich co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7a\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. The r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od of acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7b\">Wh<span class=\"_ _0\"></span>ere ne<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y<span class=\"_ _15\"></span>, ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>de to th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes to b<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d into<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7c\">line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h tho<span class=\"_ _0\"></span>se use<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up.<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7d\">All in<span class=\"_ _0\"></span>terco<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny bala<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>nd tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ari<span class=\"_ _0\"></span>sing from i<span class=\"_ _0\"></span>nter-<span class=\"_ _0\"></span>grou<span class=\"_ _0\"></span>p tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, have b<span class=\"_ _0\"></span>een e<span class=\"_ _0\"></span>limin<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in full.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7e\">The i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ured a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t\u2019s pro<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e net fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs7f\">recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in a pa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t\u2019s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in a sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t in a los<span class=\"_ _0\"></span>s of cont<span class=\"_ _0\"></span>rol ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s\u2019 equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs80\">No g<span class=\"_ _0\"></span>ain or l<span class=\"_ _0\"></span>oss is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on suc<span class=\"_ _0\"></span>h tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is n<span class=\"_ _0\"></span>ot rem<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Any diffe<span class=\"_ _0\"></span>rence b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>olling i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs81\">and t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pa<span class=\"_ _0\"></span>id or re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div>Joint v<span class=\"_ _3\"></span>entures and<span class=\"_ _3\"></span> associates<span class=\"_ _332\"> </span>Joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>hose e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es over w<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s joi<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>reby t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts to t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, ra<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s to it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons for it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> As<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>hose e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es over w<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l and o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t influe<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t not co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l or joi<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>. The r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes ar<span class=\"_ _0\"></span>e incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s consoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s using t<span class=\"_ _0\"></span>he eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span> of accoun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld for sa<span class=\"_ _0\"></span>le.<span class=\"_ _0\"></span> Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od, a<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in a jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>e or a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>te is ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t at cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s sha<span class=\"_ _0\"></span>re of the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inco<span class=\"_ _0\"></span>me of th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>ny exces<span class=\"_ _0\"></span>s of the cos<span class=\"_ _0\"></span>t of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s share of ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tifia<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th a j<span class=\"_ _0\"></span>oint ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re or a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te, p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>sses a<span class=\"_ _0\"></span>re el<span class=\"_ _0\"></span>imina<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure or a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _332\"> </span>A join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties th<span class=\"_ _0\"></span>at have j<span class=\"_ _0\"></span>oint co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l have th<span class=\"_ _0\"></span>e righ<span class=\"_ _0\"></span>t to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions for th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to the a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, or ot<span class=\"_ _0\"></span>her fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>hat is t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s sha<span class=\"_ _0\"></span>re of the re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t in join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ty a<span class=\"_ _0\"></span>re incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er ea<span class=\"_ _0\"></span>ch rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>. Statutor<span class=\"_ _0\"></span>y and non<span class=\"_ _0\"></span>-st<span class=\"_ _0\"></span>atutor<span class=\"_ _0\"></span>y measur<span class=\"_ _0\"></span>es of performance<span class=\"_ _332\"> </span>The co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ain a<span class=\"_ _0\"></span>ll th<span class=\"_ _0\"></span>e informa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ures r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red by th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>egu<span class=\"_ _0\"></span>lato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns tha<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>ply to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup.<span class=\"_ _332\"> </span>In th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>lec<span class=\"_ _2\"></span>ted to provi<span class=\"_ _0\"></span>de so<span class=\"_ _0\"></span>me fur<span class=\"_ _2\"></span>ther dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted a<span class=\"_ _0\"></span>s \u2018b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems\u2019<span class=\"_ _3\"></span>, in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to pres<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s in a w<span class=\"_ _0\"></span>ay tha<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>mons<span class=\"_ _2\"></span>trate<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance of co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>uing op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>tems of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t beli<span class=\"_ _0\"></span>eves sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e face of the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to as<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance a<span class=\"_ _0\"></span>chieve<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tely r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will,<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s, cos<span class=\"_ _0\"></span>t of re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span> prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x effec<span class=\"_ _2\"></span>t as O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>ems b<span class=\"_ _0\"></span>e rever<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d, dis<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>re of this wo<span class=\"_ _0\"></span>uld a<span class=\"_ _0\"></span>lso be a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e ite<span class=\"_ _0\"></span>ms is in<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed to e<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>nce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt to w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span> resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e influe<span class=\"_ _0\"></span>nced by m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l unus<span class=\"_ _0\"></span>ual a<span class=\"_ _0\"></span>nd/or non<span class=\"_ _0\"></span>-r<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g ite<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>. Fur<span class=\"_ _2\"></span>ther de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ail of O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s is set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t in Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, followin<span class=\"_ _0\"></span>g the g<span class=\"_ _0\"></span>uide<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>s on Al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tive Per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance M<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es (APMs<span class=\"_ _3\"></span>) iss<span class=\"_ _0\"></span>ued by t<span class=\"_ _0\"></span>he Euro<span class=\"_ _0\"></span>pea<span class=\"_ _0\"></span>n Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts Au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (ESM<span class=\"_ _0\"></span>A)<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed an A<span class=\"_ _0\"></span>PM ap<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dix to t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>ges 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>2 to 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>5.<span class=\"_ _332\"> </span>Reven<span class=\"_ _3\"></span>ue recognition poli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th a v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>egre<span class=\"_ _0\"></span>e of comp<span class=\"_ _0\"></span>lex<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>cros<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice li<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>, so a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s are u<span class=\"_ _0\"></span>sed for the r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of rev<span class=\"_ _0\"></span>enue<span class=\"_ _0\"></span> ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>ciple<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t in IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5. Rev<span class=\"_ _0\"></span>enue r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s incom<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of ser<span class=\"_ _2\"></span>vices prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y of per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of w<span class=\"_ _0\"></span>hen co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l is tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5 pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>es a sin<span class=\"_ _0\"></span>gle<span class=\"_ _0\"></span>, pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d five<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>tep m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el to be a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to a<span class=\"_ _0\"></span>ll sa<span class=\"_ _0\"></span>les con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low. It is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of contro<span class=\"_ _0\"></span>l of goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d ser<span class=\"_ _2\"></span>vices to cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rep<span class=\"_ _0\"></span>laces t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te mod<span class=\"_ _0\"></span>els for goo<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, ser<span class=\"_ _2\"></span>vices an<span class=\"_ _0\"></span>d cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Step 1 \u2013 Identif<span class=\"_ _0\"></span>y the contract(<span class=\"_ _3\"></span>s) with a customer<span class=\"_ _332\"> </span>For all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es if t<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cre<span class=\"_ _0\"></span>ates e<span class=\"_ _0\"></span>nforceabl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n Fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice A<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (MSA<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) no<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>g the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _15\"></span>5 u<span class=\"_ _0\"></span>nles<span class=\"_ _0\"></span>s they s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ify t<span class=\"_ _0\"></span>he min<span class=\"_ _0\"></span>imum<span class=\"_ _0\"></span> qua<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es to be o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Usua<span class=\"_ _0\"></span>lly th<span class=\"_ _0\"></span>e wor<span class=\"_ _0\"></span>k ord<span class=\"_ _0\"></span>er an<span class=\"_ _0\"></span>d any cha<span class=\"_ _0\"></span>nge o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>s tog<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the Fr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k or MS<span class=\"_ _0\"></span>A will con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te the I<span class=\"_ _0\"></span>FRS 1<span class=\"_ _3\"></span>5 cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Duration of contract<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up frequ<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>, au<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>c ann<span class=\"_ _0\"></span>ual re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>als<span class=\"_ _0\"></span>, <span class=\"ls4\"> </span>and<span class=\"_ _0\"></span>/or term<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion for conven<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and b<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>k clau<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>at cou<span class=\"_ _0\"></span>ld imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>lied to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t such<span class=\"_ _0\"></span> clau<span class=\"_ _0\"></span>ses have i<span class=\"_ _0\"></span>n dete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>leva<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>m of the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od over w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd reven<span class=\"_ _0\"></span>ue from p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>. In formi<span class=\"_ _0\"></span>ng thi<span class=\"_ _0\"></span>s judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in influe<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>unt p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nce of sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, and t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip, exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>or t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y, in under<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>lihoo<span class=\"_ _0\"></span>d of ex<span class=\"_ _2\"></span>tension o<span class=\"_ _0\"></span>r ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Contract modifica<span class=\"_ _0\"></span>tions<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ed for chan<span class=\"_ _0\"></span>ges to cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s chan<span class=\"_ _0\"></span>ge ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d var<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>kes pla<span class=\"_ _0\"></span>ce whe<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>es new e<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rcea<span class=\"_ _0\"></span>ble ri<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>ice or sco<span class=\"_ _0\"></span>pe (<span class=\"_ _3\"></span>or b<span class=\"_ _0\"></span>oth) of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, and t<span class=\"_ _0\"></span>he mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oved. C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t mo<span class=\"_ _0\"></span>dific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>d in wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ing, by o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, o<span class=\"_ _0\"></span>r impl<span class=\"_ _0\"></span>ied by cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss pr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tices.<span class=\"_ _332\"> </span>If the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ties to t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t have no<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>proved a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t modific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n accord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ter<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>. If a cha<span class=\"_ _0\"></span>nge in sco<span class=\"_ _0\"></span>pe ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oved bu<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e corr<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing cha<span class=\"_ _0\"></span>nge in p<span class=\"_ _0\"></span>rice is s<span class=\"_ _2\"></span>till being n<span class=\"_ _0\"></span>egot<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d, ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e to the to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tion pri<span class=\"_ _0\"></span>ce is es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t mo<span class=\"_ _0\"></span>difi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>als<span class=\"_ _0\"></span>, are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for as a s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t if t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sco<span class=\"_ _0\"></span>pe cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s due to t<span class=\"_ _0\"></span>he ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion of d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices an<span class=\"_ _0\"></span>d the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ice refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne sell<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ice of the d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span>. If th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce of addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices is no<span class=\"_ _0\"></span>t comm<span class=\"_ _0\"></span>ensu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lon<span class=\"_ _0\"></span>e sellin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>ces for thos<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces, t<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>his is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d the cr<span class=\"_ _0\"></span>eat<span class=\"_ _0\"></span>ion of a ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which is a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e of modi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re new go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices are n<span class=\"_ _0\"></span>ot dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t from t<span class=\"_ _0\"></span>hose i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ed to form pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t of the orig<span class=\"_ _0\"></span>inal co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ny upda<span class=\"_ _0\"></span>te to pr<span class=\"_ _0\"></span>icing r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a<span class=\"_ _0\"></span> cumu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ve ca<span class=\"_ _0\"></span>tch u<span class=\"_ _0\"></span>p to reven<span class=\"_ _0\"></span>ue. T<span class=\"_ _0\"></span>he fac<span class=\"_ _2\"></span>ts and ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces of a<span class=\"_ _0\"></span>ny modi<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d in isol<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c to eac<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d may result in<span class=\"_ _3\"></span> different<span class=\"_ _3\"></span> accounti<span class=\"_ _3\"></span>ng outcomes.<span class=\"_ _332\"> </span>Step 2 \u2013 Identif<span class=\"_ _0\"></span>y the per<span class=\"_ _0\"></span>formance obliga<span class=\"_ _0\"></span>tions in the contract<span class=\"_ _332\"> </span>Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al pro<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>es by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up to tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfer dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices to a cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. Fo<span class=\"_ _0\"></span>r ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ple comp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to be d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>red to c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s integr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er tho<span class=\"_ _0\"></span>se pro<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices ar<span class=\"_ _0\"></span>e:<span class=\"_ _332\"> </span>i. <span class=\"_ _108\"> </span>d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tinc<span class=\"_ _2\"></span>t and accou<span class=\"_ _0\"></span>nted for a<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>; ii.  comb<span class=\"_ _0\"></span>ined w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>romi<span class=\"_ _0\"></span>sed go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices unt<span class=\"_ _0\"></span>il a bun<span class=\"_ _0\"></span>dle is i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifie<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t is di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tinc<span class=\"_ _2\"></span>t; or iii. <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of a serie<span class=\"_ _0\"></span>s of dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices tha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>lly t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd have t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn of tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsfer over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, i.e<span class=\"_ _0\"></span>. whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er is<span class=\"_ _0\"></span> dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to have sim<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y recei<span class=\"_ _0\"></span>ved a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d the b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces over t<span class=\"_ _0\"></span>he life of the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p tre<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>s a singl<span class=\"_ _3\"></span>e per<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>orma<span class=\"_ _0\"></span>nce<span class=\"_ _3\"></span> obligation.<span class=\"_ _332\"> </span>Step 3 \u2013 Determine the transaction pr<span class=\"_ _0\"></span>ice<span class=\"_ _332\"> </span>At contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t incepti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt to w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up to be e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd ha<span class=\"_ _0\"></span>s rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e fixed pr<span class=\"_ _0\"></span>ice s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t and an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of any v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Variab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>n reven<span class=\"_ _0\"></span>ue c<span class=\"_ _0\"></span>an ar<span class=\"_ _0\"></span>ise from<span class=\"_ _0\"></span> a num<span class=\"_ _0\"></span>ber of fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>tes or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice pen<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion is t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>lue m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od a<span class=\"_ _0\"></span>nd is onl<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>t is hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t a subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge in i<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate wou<span class=\"_ _0\"></span>ld not r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt reve<span class=\"_ _0\"></span>nue re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l. Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cros<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te ind<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by pri<span class=\"_ _0\"></span>cing is a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>c (<span class=\"_ _3\"></span>such a<span class=\"_ _0\"></span>s CPI o<span class=\"_ _0\"></span>r RPI). Varia<span class=\"_ _0\"></span>ble co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to inde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is on<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nce the<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e confir<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>. Step 4 \u2013 Alloca<span class=\"_ _0\"></span>te the transaction pr<span class=\"_ _0\"></span>ice to the per<span class=\"_ _0\"></span>formance obligations in the c<span class=\"_ _0\"></span>ontract<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice to th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>eir re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lon<span class=\"_ _0\"></span>e selli<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. This i<span class=\"_ _0\"></span>s pre<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ntly b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n an ob<span class=\"_ _0\"></span>ser<span class=\"_ _2\"></span>vable p<span class=\"_ _0\"></span>rice o<span class=\"_ _0\"></span>r a cos<span class=\"_ _0\"></span>t plu<span class=\"_ _0\"></span>s mar<span class=\"_ _0\"></span>gin a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. It i<span class=\"_ _0\"></span>s neces<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te the s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>-alo<span class=\"_ _0\"></span>ne se<span class=\"_ _0\"></span>lling pr<span class=\"_ _0\"></span>ice w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> doe<span class=\"_ _0\"></span>s not s<span class=\"_ _0\"></span>ell eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vices in sim<span class=\"_ _0\"></span>ilar c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d-a<span class=\"_ _0\"></span>lone b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one s<span class=\"_ _0\"></span>ellin<span class=\"_ _0\"></span>g price<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>s the u<span class=\"_ _0\"></span>se of ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s by obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one s<span class=\"_ _0\"></span>elling p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r simil<span class=\"_ _0\"></span>ar go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces usin<span class=\"_ _0\"></span>g an in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ice lis<span class=\"_ _0\"></span>t or<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>cos<span class=\"_ _0\"></span>t ind<span class=\"_ _0\"></span>ices in a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g a cos<span class=\"_ _0\"></span>t-plus re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>gin a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Step 5 \u2013 Recognise revenue when or as the entity s<span class=\"_ _0\"></span>atisfies it<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>formance obligati<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span>For ea<span class=\"_ _0\"></span>ch pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nes if r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d over ti<span class=\"_ _0\"></span>me or a<span class=\"_ _0\"></span>t a poi<span class=\"_ _0\"></span>nt in ti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re reve<span class=\"_ _0\"></span>nue is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>over ti<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lies t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t or inp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t reven<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring p<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>ress t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>trol of t<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d upo<span class=\"_ _0\"></span>n sur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>s of per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d, ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ais<span class=\"_ _0\"></span>als of re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s achi<span class=\"_ _0\"></span>eved<span class=\"_ _0\"></span>, or mile<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ton<span class=\"_ _0\"></span>es rea<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>d whi<span class=\"_ _0\"></span>ch allo<span class=\"_ _0\"></span>w the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to recog<span class=\"_ _0\"></span>nise r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis of di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er of th<span class=\"_ _0\"></span>e good<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to da<span class=\"_ _0\"></span>te rela<span class=\"_ _0\"></span>tive t<span class=\"_ _0\"></span>o the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span>Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e inp<span class=\"_ _0\"></span>ut m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>nd reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>t propor<span class=\"_ _2\"></span>tion to cos<span class=\"_ _2\"></span>ts incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of contro<span class=\"_ _0\"></span>l is mos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> close<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>ligne<span class=\"_ _0\"></span>d to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s effor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p will u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin I<span class=\"_ _0\"></span>FRS 1<span class=\"_ _3\"></span>5, all<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g reven<span class=\"_ _0\"></span>ue to be r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht to invoi<span class=\"_ _0\"></span>ce, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unt co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ed to date<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>If pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns do no<span class=\"_ _0\"></span>t mee<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>rol of th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he poi<span class=\"_ _0\"></span>nt of phy<span class=\"_ _0\"></span>sic<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nce by a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r or wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns cont<span class=\"_ _0\"></span>rol of an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r ser<span class=\"_ _2\"></span>vice in a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r-spe<span class=\"_ _0\"></span>cifie<span class=\"_ _0\"></span>d accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nce cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s of goo<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd cont<span class=\"_ _0\"></span>rol ha<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sed to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Long-term complex con<span class=\"_ _3\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _332\"> </span>The Group has a<span class=\"_ _3\"></span> number of<span class=\"_ _3\"></span> long-term c<span class=\"_ _3\"></span>omplex c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which<span class=\"_ _3\"></span> are predominantly<span class=\"_ _3\"></span> integrated f<span class=\"_ _3\"></span>acilities management<span class=\"_ _3\"></span> arra<span class=\"_ _0\"></span>ngements. T<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span>pically<span class=\"_ _15\"></span>, these cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s involve t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of mul<span class=\"_ _0\"></span>tip<span class=\"_ _0\"></span>le ser<span class=\"_ _2\"></span>vice lines<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a singl<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tea<span class=\"_ _0\"></span>m prov<span class=\"_ _0\"></span>idin<span class=\"_ _0\"></span>g an in<span class=\"_ _0\"></span>tegr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce. Su<span class=\"_ _0\"></span>ch cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tend to b<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal in n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer t<span class=\"_ _0\"></span>o ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d impl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ng ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s acro<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e life of the cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin i<span class=\"_ _0\"></span>nteg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts mee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of a se<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of dis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>goo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>nd have t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern of t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer ove<span class=\"_ _0\"></span>r time<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>ies con<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tes se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in dis<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>time i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>.g. mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hly or q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rly) and t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore the G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the se<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of such s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>s one p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>jor p<span class=\"_ _0\"></span>rojec<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces und<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>ng-te<span class=\"_ _0\"></span>rm com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>x contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts tha<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h reven<span class=\"_ _0\"></span>ue <span class=\"ls4\"> </span>is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>ime a<span class=\"_ _0\"></span>s v<span class=\"_ _0\"></span>alue fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>lly enforcea<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to rem<span class=\"_ _0\"></span>une<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e wor<span class=\"_ _0\"></span>k compl<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>d to da<span class=\"_ _0\"></span>te, a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>erefore reve<span class=\"_ _0\"></span>nue w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer of con<span class=\"_ _0\"></span>trol<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI lifec<span class=\"_ _0\"></span>ycle cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to mai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ties over p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods of up t<span class=\"_ _0\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. A fund is e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blis<span class=\"_ _0\"></span>hed a<span class=\"_ _0\"></span>t the s<span class=\"_ _2\"></span>tar<span class=\"_ _2\"></span>t of <span class=\"ls4\"> </span>the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>raw<span class=\"_ _0\"></span>n dow<span class=\"_ _0\"></span>n by the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>s mai<span class=\"_ _0\"></span>nten<span class=\"_ _0\"></span>ance wo<span class=\"_ _0\"></span>rk is p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. For cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>s also e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed to sh<span class=\"_ _0\"></span>are in<span class=\"_ _0\"></span> any sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s lef<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e fund. Reve<span class=\"_ _0\"></span>nue is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d over ti<span class=\"_ _0\"></span>me to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ren<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e ser<span class=\"_ _2\"></span>vice, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of the li<span class=\"_ _0\"></span>kely su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us in th<span class=\"_ _0\"></span>e fund, s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to be<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e not to reve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of sur<span class=\"_ _0\"></span>plus av<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te of wea<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>tea<span class=\"_ _0\"></span>r of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is subs<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e the con<span class=\"_ _0\"></span>trol of t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. As s<span class=\"_ _0\"></span>uch, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>eem t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e to be a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t financing<span class=\"_ _3\"></span> component.<span class=\"_ _332\"> </span>Re<span class=\"_ _0\"></span>pea<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s (si<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>e and b<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>led c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of sin<span class=\"_ _0\"></span>gle o<span class=\"_ _0\"></span>r join<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-lin<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>eat s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a seri<span class=\"_ _0\"></span>es of dis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame (e.g. the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion of cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng, s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, cate<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span>, wa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd la<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ping s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>). They h<span class=\"_ _0\"></span>ave the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of valu<span class=\"_ _0\"></span>e to the cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies cons<span class=\"_ _2\"></span>titu<span class=\"_ _0\"></span>tes cor<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed in d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tim<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>e.g. m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hly o<span class=\"_ _0\"></span>r qua<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>terly). The Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>herefore tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>ries<span class=\"_ _0\"></span> of such se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces a<span class=\"_ _0\"></span>s one p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _332\"> </span>.<span class=\"_ _332\"> </span>Shor<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>rm serv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based arr<span class=\"_ _0\"></span>angement<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>s a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of othe<span class=\"_ _0\"></span>r sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and p<span class=\"_ _0\"></span>rofessio<span class=\"_ _0\"></span>nal se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces wor<span class=\"_ _0\"></span>k acro<span class=\"_ _0\"></span>ss cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for which r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>int in t<span class=\"_ _0\"></span>ime w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ol of the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice ha<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>his may b<span class=\"_ _0\"></span>e at th<span class=\"_ _0\"></span>e poi<span class=\"_ _0\"></span>nt wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ol of the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice in a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer-sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>ed acce<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, e.g. t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>del o<span class=\"_ _0\"></span>r rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span>Gove<span class=\"_ _0\"></span>rnme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> Gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>ved a<span class=\"_ _0\"></span>nd all co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ching to t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt will<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>be com<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>. Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>te the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up for exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s a ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse for wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant is i<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d to comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds ne<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>h the g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s char<span class=\"_ _0\"></span>ged t<span class=\"_ _0\"></span>o the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to reve<span class=\"_ _0\"></span>rse t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e, a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oint w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>on to re<span class=\"_ _0\"></span>pay the a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>nten<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o repay h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n comm<span class=\"_ _0\"></span>unic<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her revenue<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ncome i<span class=\"_ _0\"></span>s accr<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>n a tim<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>, by reference to t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>nd at t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>lica<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e, w<span class=\"_ _0\"></span>hich is t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>at exa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y disco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh rece<span class=\"_ _0\"></span>ipt<span class=\"_ _0\"></span>s thr<span class=\"_ _0\"></span>ough t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>ife of the finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s net c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Contract costs<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>e.g. l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) wh<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to ente<span class=\"_ _0\"></span>r into a n<span class=\"_ _0\"></span>ew cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>wi<span class=\"_ _0\"></span>th a cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s if i<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted that t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will be r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in a con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at wo<span class=\"_ _0\"></span>uld have bee<span class=\"_ _0\"></span>n incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s of whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Contract fu<span class=\"_ _3\"></span>lfilment costs<span class=\"_ _332\"> </span>Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to ens<span class=\"_ _0\"></span>ure th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te or<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal a<span class=\"_ _0\"></span>nd tec<span class=\"_ _0\"></span>hnic<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nfra<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, and m<span class=\"_ _0\"></span>echa<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ms in pl<span class=\"_ _0\"></span>ace to ena<span class=\"_ _0\"></span>ble t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of full ser<span class=\"_ _2\"></span>vices und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>, are d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfilm<span class=\"_ _0\"></span>ent cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>ly cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ich me<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ll thre<span class=\"_ _0\"></span>e of the cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a belo<span class=\"_ _0\"></span>w are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>i. <span class=\"_ _108\"> </span>t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>te to th<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t (<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>.g. dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t la<span class=\"_ _0\"></span>bou<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>, subco<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tors<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span>ii.  the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is buil<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t will s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be us<span class=\"_ _0\"></span>ed to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es; a<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>iii. <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, i<span class=\"_ _0\"></span>.e. t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le af<span class=\"_ _0\"></span>ter a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t fulfil<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s covered w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of an<span class=\"_ _0\"></span>othe<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, such a<span class=\"_ _0\"></span>s inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>r prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, are n<span class=\"_ _0\"></span>ot c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfilm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ut a<span class=\"_ _0\"></span>re tre<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in acco<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>rd<span class=\"_ _332\"> </span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tises con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t fulfil<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts) on a sys<span class=\"_ _2\"></span>temati<span class=\"_ _0\"></span>c ba<span class=\"_ _0\"></span>sis t<span class=\"_ _0\"></span>hat is co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y\u2019s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of the re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices to t<span class=\"_ _0\"></span>he cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. The e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. A ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t or co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t fulfi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t is d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>hen i<span class=\"_ _0\"></span>t is d<span class=\"_ _0\"></span>ispo<span class=\"_ _0\"></span>sed of o<span class=\"_ _0\"></span>r whe<span class=\"_ _0\"></span>n no fur<span class=\"_ _2\"></span>ther eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to flow from i<span class=\"_ _0\"></span>ts u<span class=\"_ _0\"></span>se.<span class=\"_ _0\"></span> Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at ea<span class=\"_ _0\"></span>ch re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting da<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>n imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of any a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t excee<span class=\"_ _0\"></span>ds th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on th<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to recei<span class=\"_ _0\"></span>ve in exch<span class=\"_ _0\"></span>ange for pr<span class=\"_ _0\"></span>ovidi<span class=\"_ _0\"></span>ng the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d good<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span>, les<span class=\"_ _0\"></span>s the r<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>te dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to prov<span class=\"_ _0\"></span>idin<span class=\"_ _0\"></span>g thos<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d ser<span class=\"_ _2\"></span>vices und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. In de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d am<span class=\"_ _0\"></span>ount of co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on,<span class=\"_ _0\"></span> man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t use<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s to det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>ine t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>ce. An i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly wh<span class=\"_ _0\"></span>ere su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> are f<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> Accrued incom<span class=\"_ _3\"></span>e and d<span class=\"_ _3\"></span>eferred income<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s custo<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts incl<span class=\"_ _0\"></span>ude a di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>dule<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are of<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n agr<span class=\"_ _0\"></span>eed a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>ncep<span class=\"_ _0\"></span>tion of l<span class=\"_ _0\"></span>ong-te<span class=\"_ _0\"></span>rm co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts und<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich <span class=\"ls4\"> </span>it r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>ves pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s thro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for good<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t a poin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e may be a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, in ar<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s or pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent in a<span class=\"_ _0\"></span>dv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. Wh<span class=\"_ _0\"></span>ere reve<span class=\"_ _0\"></span>nue r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end d<span class=\"_ _0\"></span>ate is m<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>han a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s invoice<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ises a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me for the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re reven<span class=\"_ _0\"></span>ue recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>d date i<span class=\"_ _0\"></span>s les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s invo<span class=\"_ _0\"></span>iced, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s deferre<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e for the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere pr<span class=\"_ _0\"></span>ice s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>p-<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>tp<span class=\"_ _0\"></span>ut i<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is deferr<span class=\"_ _0\"></span>ed from in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods to s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r for revenu<span class=\"_ _0\"></span>e to be re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed on a co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>is.<span class=\"_ _0\"></span> Prov<span class=\"_ _0\"></span>iding t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>tion for a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r to ob<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in ex<span class=\"_ _2\"></span>tension p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s or ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces at a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t may le<span class=\"_ _0\"></span>ad to a se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion wh<span class=\"_ _0\"></span>ere a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s par<span class=\"_ _2\"></span>t of the tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tion pr<span class=\"_ _0\"></span>ice from th<span class=\"_ _0\"></span>e orig<span class=\"_ _0\"></span>inal co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t to def<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch is the<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised ove<span class=\"_ _0\"></span>r the di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on rig<span class=\"_ _0\"></span>ht e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>. Foreign<span class=\"_ _3\"></span> currency<span class=\"_ _332\"> </span>The fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of ea<span class=\"_ _0\"></span>ch of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es are p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>hat b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tions in cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an th<span class=\"_ _0\"></span>e func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te of excha<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>eno<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ted in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renci<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t the ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>re rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted at th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>tes of exch<span class=\"_ _0\"></span>ange p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ailing a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at da<span class=\"_ _0\"></span>te. E<span class=\"_ _0\"></span>xcha<span class=\"_ _0\"></span>nge d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt of mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>y items<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of mon<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms, a<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Non<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed in te<span class=\"_ _0\"></span>rms of hi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>t in a foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>e not re<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>slat<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span>On con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>eign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>nd fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g on the<span class=\"_ _0\"></span>ir acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d into p<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ds s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ling a<span class=\"_ _0\"></span>t excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s prev<span class=\"_ _0\"></span>aili<span class=\"_ _0\"></span>ng at t<span class=\"_ _0\"></span>he bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. I<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>to po<span class=\"_ _0\"></span>unds s<span class=\"_ _2\"></span>terling a<span class=\"_ _0\"></span>t aver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span> excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od. E<span class=\"_ _0\"></span>xcha<span class=\"_ _0\"></span>nge di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tly in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g and t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>. On di<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>of a f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d cumu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o tha<span class=\"_ _0\"></span>t par<span class=\"_ _2\"></span>ticula<span class=\"_ _0\"></span>r foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted income<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>tatement.<span class=\"_ _332\"> </span>Finance<span class=\"_ _3\"></span> cost<span class=\"_ _0\"></span>s Fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d in con<span class=\"_ _0\"></span>nec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>g of funds<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey ar<span class=\"_ _0\"></span>e incur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d, wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the fin<span class=\"_ _0\"></span>ance ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ges re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to th<span class=\"_ _0\"></span>e dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t of de<span class=\"_ _0\"></span>bt is<span class=\"_ _0\"></span>sue sp<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o red<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>y ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h flows from i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>id a<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s inves<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aid in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es.<span class=\"_ _332\"> </span>Ta<span class=\"_ _2\"></span>xa<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span> The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he sum of t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x and d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _15\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t di<span class=\"_ _0\"></span>ffer<span class=\"_ _0\"></span>s from accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t bec<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e it e<span class=\"_ _0\"></span>xclud<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>tems of in<span class=\"_ _0\"></span>come o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t are t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tibl<span class=\"_ _0\"></span>e in ot<span class=\"_ _0\"></span>her ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d it fur<span class=\"_ _2\"></span>ther e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s ite<span class=\"_ _0\"></span>ms th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re neve<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le or d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for curr<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>at have b<span class=\"_ _0\"></span>een e<span class=\"_ _0\"></span>nac<span class=\"_ _2\"></span>ted or sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted by t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce sheet date.<span class=\"_ _332\"> </span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e or re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e on diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>n the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e corr<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ba<span class=\"_ _0\"></span>ses u<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d is accou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r using t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d for all t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces and d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is prob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>ill be av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y differ<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>n be u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed. S<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are no<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span>if th<span class=\"_ _0\"></span>e temp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce ar<span class=\"_ _0\"></span>ises fro<span class=\"_ _0\"></span>m goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill or from t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _3\"></span>oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an in a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>) of ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>n a tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>hat affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s nei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le profi<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>r the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts is r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>wed at e<span class=\"_ _0\"></span>ach b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t suffi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>ll be ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>ble to a<span class=\"_ _0\"></span>llow all o<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t to be re<span class=\"_ _0\"></span>covere<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to ap<span class=\"_ _0\"></span>ply in t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>s set<span class=\"_ _2\"></span>tled or th<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>tes and l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>r subs<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e. D<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x i<span class=\"_ _0\"></span>s char<span class=\"_ _0\"></span>ged o<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncome<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, exce<span class=\"_ _0\"></span>pt wh<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>t rel<span class=\"_ _0\"></span>ates to i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, in w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x is a<span class=\"_ _0\"></span>lso d<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>Deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are off<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>re is a le<span class=\"_ _0\"></span>gal<span class=\"_ _0\"></span>ly enforcea<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to set off cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s; and w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n they<span class=\"_ _0\"></span> rela<span class=\"_ _0\"></span>te to in<span class=\"_ _0\"></span>come t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xes lev<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on au<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up inte<span class=\"_ _0\"></span>nds to s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>ts cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies on a n<span class=\"_ _0\"></span>et ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>is.<span class=\"_ _332\"> </span>Operating segmen<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted in a m<span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>er cons<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e inte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d to the C<span class=\"_ _0\"></span>hief O<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing D<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>on Ma<span class=\"_ _0\"></span>ker (C<span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>DM). Th<span class=\"_ _0\"></span>e CODM<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>o is resp<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ible for all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g reso<span class=\"_ _0\"></span>urces a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Business combin<span class=\"_ _3\"></span>ations<span class=\"_ _332\"> </span> The a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for using t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>te of the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ues<span class=\"_ _0\"></span>, at<span class=\"_ _0\"></span> the d<span class=\"_ _0\"></span>ate of exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e, of a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s give<span class=\"_ _0\"></span>n, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d or a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d, a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup in e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge for contro<span class=\"_ _0\"></span>l of the a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> Acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifia<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies of th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>iree t<span class=\"_ _0\"></span>hat m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for recogn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _332\"> </span> are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te, exce<span class=\"_ _0\"></span>pt for non<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>or di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al g<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) tha<span class=\"_ _0\"></span>t are cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for resa<span class=\"_ _0\"></span>le in<span class=\"_ _332\"> </span> accord<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IFR<span class=\"_ _0\"></span>S 5 <span class=\"ff8b\">Non<span class=\"_ _0\"></span>-cur<span class=\"_ _0\"></span>rent Assets H<span class=\"_ _0\"></span>eld for Sale and Discontinue<span class=\"_ _0\"></span>d Operatio<span class=\"_ _0\"></span>ns,</span> w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to s<span class=\"_ _0\"></span>ell.<span class=\"_ _332\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t and i<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ured a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g the e<span class=\"_ _0\"></span>xcess of th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on over t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> Gro<span class=\"_ _0\"></span>up\u2019s intere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e net fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. N<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>tive g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g a gai<span class=\"_ _0\"></span>n from a<span class=\"_ _332\"> </span> bar<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>in pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tly in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of cus<span class=\"_ _2\"></span>tomer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult of a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _332\"> </span> ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ips a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted rene<span class=\"_ _0\"></span>wal r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, and a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g an a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c to the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. In d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing<span class=\"_ _332\"> </span> the c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t uses j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te reven<span class=\"_ _0\"></span>ue grow<span class=\"_ _2\"></span>th, p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gins<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng, a<span class=\"_ _0\"></span>s wel<span class=\"_ _0\"></span>l as t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>coun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ght-lin<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems ove<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>eful econo<span class=\"_ _0\"></span>mic li<span class=\"_ _0\"></span>fe, up to a ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum<span class=\"_ _0\"></span> of 1<span class=\"_ _15\"></span>5 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n for an acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n inclu<span class=\"_ _0\"></span>des a<span class=\"_ _0\"></span>ny as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g from a cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n arr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>at fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue at t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in suc<span class=\"_ _0\"></span>h fair va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t the cos<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e they re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t from ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al<span class=\"_ _332\"> </span> informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar from t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>te, a<span class=\"_ _0\"></span>bou<span class=\"_ _0\"></span>t fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. All ot<span class=\"_ _0\"></span>her su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> cha<span class=\"_ _0\"></span>nges in t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, in a<span class=\"_ _0\"></span>ccord<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>th IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _3\"></span>. Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are n<span class=\"_ _0\"></span>ot reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span>Any bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns pr<span class=\"_ _0\"></span>ior to 1 A<span class=\"_ _0\"></span>pril 201<span class=\"_ _15\"></span>0 we<span class=\"_ _0\"></span>re accou<span class=\"_ _0\"></span>nted for usi<span class=\"_ _0\"></span>ng the s<span class=\"_ _2\"></span>tand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s in pla<span class=\"_ _0\"></span>ce pri<span class=\"_ _0\"></span>or to th<span class=\"_ _0\"></span>e ado<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of IFR<span class=\"_ _0\"></span>S 3 (<span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>sed 20<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8) which<span class=\"_ _332\"> </span> differ i<span class=\"_ _0\"></span>n the follow<span class=\"_ _0\"></span>ing res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ts: tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble to th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d if, and on<span class=\"_ _0\"></span>ly if, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p had a p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e econ<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ou<span class=\"_ _0\"></span>tfl<span class=\"_ _0\"></span>ow wa<span class=\"_ _0\"></span>s mo<span class=\"_ _0\"></span>re likel<span class=\"_ _0\"></span>y tha<span class=\"_ _0\"></span>n not a<span class=\"_ _0\"></span>nd a re<span class=\"_ _0\"></span>liab<span class=\"_ _0\"></span>le es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te wa<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e; an<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span> subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to the co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion we<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts in s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t resul<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup l<span class=\"_ _0\"></span>osing co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol over t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for a<span class=\"_ _0\"></span>s equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span> tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s interes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>olling i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> in the s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny differe<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt by w<span class=\"_ _0\"></span>hich th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>rollin<span class=\"_ _0\"></span>g inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>aid o<span class=\"_ _0\"></span>r<span class=\"_ _332\"> </span> recei<span class=\"_ _0\"></span>ved is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly i<span class=\"_ _0\"></span>n equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ted to ow<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any.<span class=\"_ _332\"> </span> Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up los<span class=\"_ _0\"></span>es con<span class=\"_ _0\"></span>trol of a su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y, a gain o<span class=\"_ _0\"></span>r loss i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in pro<span class=\"_ _0\"></span>fit o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s and is c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e differe<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n: (i) th<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate <span class=\"ls4\"> </span>of the fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of any re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>; and (<span class=\"_ _0\"></span>ii) th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>ious c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing<span class=\"_ _332\"> </span> goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill) an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties of t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ny non-<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. All a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usly r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in oth<span class=\"_ _0\"></span>er com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>come in r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o<span class=\"_ _332\"> </span> tha<span class=\"_ _0\"></span>t subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ted for a<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>d direc<span class=\"_ _2\"></span>tly disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of the su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y, i.e. re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied to p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s or<span class=\"_ _332\"> </span> tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to ano<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>tego<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>ed/pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le IFR<span class=\"_ _0\"></span>Ss<span class=\"_ _0\"></span>. The fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of any inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e forme<span class=\"_ _0\"></span>r subsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span> the d<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>hen co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol is los<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue o<span class=\"_ _0\"></span>n ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion for sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _3\"></span>, wh<span class=\"_ _0\"></span>en ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, of a<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in<span class=\"_ _332\"> </span> an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te or a jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ures t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r acqui<span class=\"_ _0\"></span>red le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s disco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g an ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span> ra<span class=\"_ _0\"></span>te. A<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed by IFR<span class=\"_ _0\"></span>S 3 <span class=\"ff8b ls20 ws21\">Business Combinations</span>, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>red le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>s new l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>by recor<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set a<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>l to the<span class=\"_ _0\"></span> lea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>Acquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s or pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t-linked e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s owne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span> futu<span class=\"_ _0\"></span>re pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are a<span class=\"_ _0\"></span>ccrue<span class=\"_ _0\"></span>d over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d the s<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to rem<span class=\"_ _0\"></span>ain w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>re acco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d for as re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on for pos<span class=\"_ _0\"></span>t-<span class=\"_ _332\"> </span>acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>nd reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts n<span class=\"_ _0\"></span>ot lin<span class=\"_ _0\"></span>ked to em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be d<span class=\"_ _0\"></span>eferred co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on at t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r disco<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d fair va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he unw<span class=\"_ _0\"></span>ind of th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt<span class=\"_ _332\"> </span> recor<span class=\"_ _0\"></span>ded a<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of finance cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> Goodwill<span class=\"_ _332\"> </span> Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng on con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the cos<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on over t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in the fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fiab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s,<span class=\"_ _332\"> </span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of a su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d is subs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>ccumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>t is revi<span class=\"_ _0\"></span>ewed for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at<span class=\"_ _0\"></span> lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>ally. Any impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r and is n<span class=\"_ _0\"></span>ot sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>For th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t tes<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will is a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ted to ea<span class=\"_ _0\"></span>ch of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s cas<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>CGUs) expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit from t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>yn<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>ies of<span class=\"_ _332\"> </span> the co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on. CGU<span class=\"_ _0\"></span>s to whi<span class=\"_ _0\"></span>ch goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d are te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>lly<span class=\"_ _3\"></span>, o<span class=\"_ _0\"></span>r more fre<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> uni<span class=\"_ _0\"></span>t may be i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d. If th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e CGU is les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of the u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t to r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ce the<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of any go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>n to the o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts of th<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t pro r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ta o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is of the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of eac<span class=\"_ _0\"></span>h as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t in<span class=\"_ _332\"> </span> the u<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of a sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>en a bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>org<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in cha<span class=\"_ _0\"></span>nges t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of CGUs<span class=\"_ _0\"></span>, goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill is re<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted CGUs<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to a pri<span class=\"_ _0\"></span>or CGU is wh<span class=\"_ _0\"></span>olly r<span class=\"_ _0\"></span>eall<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to an up<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted CGU, wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill w<span class=\"_ _0\"></span>holl<span class=\"_ _0\"></span>y aros<span class=\"_ _0\"></span>e on th<span class=\"_ _0\"></span>e acqui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tion of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e upd<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d CGU. Wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>is is no<span class=\"_ _0\"></span>t pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e, a re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ive va<span class=\"_ _0\"></span>lue a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oach i<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken to a<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>ate g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l to upd<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d CGUs.<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed in a b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _332\"> </span>Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir us<span class=\"_ _0\"></span>eful lives ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of time ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>ey are a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted to ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>nd tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>ir useful li<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>d deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t if the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>ntifi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, if it i<span class=\"_ _0\"></span>s prob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le tha<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>ill gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>f the d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>n be m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed reli<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. S<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e inclu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>lly ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d is am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised over i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s useful li<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e o<span class=\"_ _0\"></span>nce it h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n bro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t into us<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>Upfront co<span class=\"_ _0\"></span>nfigu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tomi<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in i<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g Sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s a Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice (Sa<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>S) ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices a<span class=\"_ _0\"></span>re rece<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span>. So<span class=\"_ _0\"></span>me of th<span class=\"_ _0\"></span>ese cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e for the deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re code t<span class=\"_ _0\"></span>hat e<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>nces o<span class=\"_ _0\"></span>r mod<span class=\"_ _0\"></span>ifies<span class=\"_ _0\"></span>, or c<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>tes ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to, exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting o<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>mise s<span class=\"_ _0\"></span>ys<span class=\"_ _2\"></span>tems and m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>tion of, and r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia for<span class=\"_ _6\"></span>, a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e useful life of the sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Follow<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is i<span class=\"_ _0\"></span>ts cos<span class=\"_ _2\"></span>t less any a<span class=\"_ _0\"></span>ccumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>ny accum<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>ted im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>ally, or more fre<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t they m<span class=\"_ _0\"></span>ay be im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ed. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ove<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>eful life as follows:<span class=\"_ _332\"> </span>Customer c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and r<span class=\"_ _3\"></span>elationships<span class=\"_ _1ff\"> </span><span class=\"ls78 ws1d2\">5<span class=\"_ _2\"></span>\u2013<span class=\"_ _0\"></span>15<span class=\"_ _2\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span>Software and dev<span class=\"_ _3\"></span>elopment expenditure<span class=\"_ _200\"> </span><span class=\"ls162 ws181\">3<span class=\"_ _2\"></span>\u201310<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r</span><span class=\"ls162 ws181\"><span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span>Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> Prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty, plant a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss accu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ted d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>ny imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ged so a<span class=\"_ _0\"></span>s to w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te off th<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span> cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted resid<span class=\"_ _0\"></span>ual v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ove<span class=\"_ _0\"></span>r thei<span class=\"_ _0\"></span>r es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d useful li<span class=\"_ _0\"></span>ves an<span class=\"_ _0\"></span>d is ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ated o<span class=\"_ _0\"></span>n a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>ht-line b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Land and buildings <span class=\"_ _201\"> </span><span class=\"ls6d ws0\">50 year<span class=\"_ _0\"></span>s or l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm if s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>ter<span class=\"_ _332\"> </span></span>Pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d vehi<span class=\"_ _0\"></span>cles<span class=\"_ _94\"> </span><span class=\"ls162 ws181\">3<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r</span><span class=\"ls162 ws181\"><span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span></span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up rev<span class=\"_ _0\"></span>iews t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of i<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>re is any in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s have su<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>d an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> los<span class=\"_ _0\"></span>s. If a<span class=\"_ _0\"></span>ny such in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tent of any im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent from o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>s the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the CGU to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span>ass<span class=\"_ _0\"></span>et belongs<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> Recover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is th<span class=\"_ _0\"></span>e high<span class=\"_ _0\"></span>er of fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s cos<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell a<span class=\"_ _0\"></span>nd va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-i<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>essi<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>, the es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>d futu<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows a<span class=\"_ _0\"></span>re dis<span class=\"_ _0\"></span>counte<span class=\"_ _0\"></span>d to<span class=\"_ _332\"> </span> the<span class=\"_ _0\"></span>ir pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue usi<span class=\"_ _0\"></span>ng a pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disco<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue of mo<span class=\"_ _0\"></span>ney an<span class=\"_ _0\"></span>d the r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>fic to th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _332\"> </span> whi<span class=\"_ _0\"></span>ch the e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s have no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>If the r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r CGU) is es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>or CGU) is r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ced to<span class=\"_ _332\"> </span> it<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely.<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>n imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly reve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>or CGU<span class=\"_ _0\"></span>) is inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to the r<span class=\"_ _0\"></span>evise<span class=\"_ _0\"></span>d es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e of it<span class=\"_ _0\"></span>s recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>o tha<span class=\"_ _0\"></span>t the in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not e<span class=\"_ _0\"></span>xceed th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt t<span class=\"_ _0\"></span>hat wo<span class=\"_ _0\"></span>uld have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ined h<span class=\"_ _0\"></span>ad no i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent l<span class=\"_ _0\"></span>oss <span class=\"ls4\"> </span>bee<span class=\"_ _0\"></span>n reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r CGU) in pr<span class=\"_ _0\"></span>ior ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. A rever<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent l<span class=\"_ _0\"></span>oss is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>come i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tely.<span class=\"_ _332\"> </span>Inv<span class=\"_ _3\"></span>entories<span class=\"_ _332\"> </span>Inven<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ated a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e lower of cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>t rea<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue a<span class=\"_ _0\"></span>nd are m<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ly cons<span class=\"_ _0\"></span>uma<span class=\"_ _0\"></span>bles i<span class=\"_ _0\"></span>n nat<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls, d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>our a<span class=\"_ _0\"></span>nd over<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ads in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in b<span class=\"_ _0\"></span>ring<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e inven<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Ne<span class=\"_ _0\"></span>t rea<span class=\"_ _0\"></span>lisa<span class=\"_ _0\"></span>ble v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>lling p<span class=\"_ _0\"></span>rice le<span class=\"_ _0\"></span>ss fur<span class=\"_ _2\"></span>ther cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to comp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>lling cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is mad<span class=\"_ _0\"></span>e for obsol<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>, slow m<span class=\"_ _0\"></span>oving o<span class=\"_ _0\"></span>r defec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ite<span class=\"_ _0\"></span>ms w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>Financial<span class=\"_ _3\"></span> instruments \u2013 classification an<span class=\"_ _3\"></span>d measurem<span class=\"_ _3\"></span>ent<span class=\"_ _332\"> </span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup b<span class=\"_ _0\"></span>ecom<span class=\"_ _0\"></span>es a pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of the<span class=\"_ _0\"></span> ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferr<span class=\"_ _0\"></span>ed, d<span class=\"_ _0\"></span>ischa<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed or e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re.<span class=\"_ _332\"> </span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, tr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles fro<span class=\"_ _0\"></span>m cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le. T<span class=\"_ _0\"></span>he cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sific<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s is ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el in w<span class=\"_ _0\"></span>hich a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ged a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> contractual cash flow c<span class=\"_ _3\"></span>har<span class=\"_ _0\"></span>acteris<span class=\"_ _0\"></span>tics.<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh in ha<span class=\"_ _0\"></span>nd, d<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>and d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m hig<span class=\"_ _0\"></span>hly li<span class=\"_ _0\"></span>quid i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>re rea<span class=\"_ _0\"></span>dily co<span class=\"_ _0\"></span>nver<span class=\"_ _2\"></span>tible to a k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n am<span class=\"_ _0\"></span>ount of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>e subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to a<span class=\"_ _0\"></span>n insig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k of chan<span class=\"_ _0\"></span>ges in v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e. C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh wh<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>ccess is co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed is cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h. B<span class=\"_ _0\"></span>ank t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons are r<span class=\"_ _0\"></span>ecord<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>heir s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. All of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s ca<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s from cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>re sol<span class=\"_ _0\"></span>ely p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>nd do no<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n a sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t finan<span class=\"_ _0\"></span>cing co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t. Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d from all of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s revenu<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>ams a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>erefore ini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ally m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion pri<span class=\"_ _0\"></span>ce and a<span class=\"_ _0\"></span>re sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t.<span class=\"_ _332\"> </span>Fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, fina<span class=\"_ _0\"></span>ncing l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on at<span class=\"_ _0\"></span> fair v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>nd su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y at a<span class=\"_ _0\"></span>mor<span class=\"_ _2\"></span>tised cos<span class=\"_ _2\"></span>t, wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e except<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch is me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the n<span class=\"_ _0\"></span>et pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>ter d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>nce cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>emiu<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le on set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt or r<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span>sue cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for on an a<span class=\"_ _0\"></span>ccru<span class=\"_ _0\"></span>als b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p are re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed at t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cee<span class=\"_ _0\"></span>ds rece<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span>, ne<span class=\"_ _0\"></span>t of dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t iss<span class=\"_ _0\"></span>ue cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Invoice<span class=\"_ _3\"></span> discounting<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up use<span class=\"_ _0\"></span>d a non<span class=\"_ _0\"></span>-r<span class=\"_ _0\"></span>ecour<span class=\"_ _0\"></span>se cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er invoi<span class=\"_ _0\"></span>ce discou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (<span class=\"_ _3\"></span>CI<span class=\"_ _0\"></span>D facili<span class=\"_ _0\"></span>ty) und<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>hich cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nces wer<span class=\"_ _0\"></span>e sold t<span class=\"_ _0\"></span>o the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p ban<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h the ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s such t<span class=\"_ _0\"></span>hat c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p and t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>he colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>nk<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. The t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les we<span class=\"_ _0\"></span>re sol<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut r<span class=\"_ _0\"></span>ecou<span class=\"_ _0\"></span>rse to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p, and t<span class=\"_ _0\"></span>herefore th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce wa<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed from the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t the p<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>e to the b<span class=\"_ _0\"></span>ank<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s close<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023 and a<span class=\"_ _0\"></span>ll am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n set<span class=\"_ _2\"></span>tled.<span class=\"_ _332\"> </span>Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s \u2013 i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>f fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce for expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s (ECL<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) on al<span class=\"_ _0\"></span>l recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t usin<span class=\"_ _0\"></span>g the simp<span class=\"_ _0\"></span>lifie<span class=\"_ _0\"></span>d ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es a lo<span class=\"_ _0\"></span>ss all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nce ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. ECL<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>sis of his<span class=\"_ _2\"></span>toric<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t loss e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>, adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd-<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>ing fac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat i<span class=\"_ _0\"></span>ncor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e macr<span class=\"_ _0\"></span>oeco<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, for exa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, a<span class=\"_ _0\"></span>nd ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>n ris<span class=\"_ _0\"></span>k cha<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, such a<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe (<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>.g. gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>). For ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, ECL<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ari<span class=\"_ _0\"></span>se in th<span class=\"_ _0\"></span>e 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nths s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te.<span class=\"_ _332\"> </span>For c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uiv<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ant<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te any fu<span class=\"_ _0\"></span>ture cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses g<span class=\"_ _0\"></span>iven t<span class=\"_ _0\"></span>he hig<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cred<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th w<span class=\"_ _0\"></span>hich b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces a<span class=\"_ _0\"></span>re hel<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up use<span class=\"_ _0\"></span>s der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te sw<span class=\"_ _0\"></span>aps a<span class=\"_ _0\"></span>nd for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard foreig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, to man<span class=\"_ _0\"></span>age t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s expo<span class=\"_ _0\"></span>sure to fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge. D<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span> at th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te the d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t is enter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to and a<span class=\"_ _0\"></span>re sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e, de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, at ea<span class=\"_ _0\"></span>ch bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te and i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing g<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r loss i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y unle<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive is d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>s a hed<span class=\"_ _0\"></span>ging i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in wh<span class=\"_ _0\"></span>ich eve<span class=\"_ _0\"></span>nt the t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span> incom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>r a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y if t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ma<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is mor<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>t is no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to be rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d or se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are se<span class=\"_ _0\"></span>t to ma<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>r are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> set<span class=\"_ _2\"></span>tled wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1<span class=\"_ _15\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up may de<span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nate ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ging in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves a<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alue h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hedg<span class=\"_ _0\"></span>es or h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s of net i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns. H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges of foreig<span class=\"_ _0\"></span>n excha<span class=\"_ _0\"></span>nge ri<span class=\"_ _0\"></span>sk on fir<span class=\"_ _0\"></span>m com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted for as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. On ad<span class=\"_ _0\"></span>opt<span class=\"_ _0\"></span>ion of IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to cont<span class=\"_ _0\"></span>inue to a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e accoun<span class=\"_ _0\"></span>ting g<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>ance in I<span class=\"_ _0\"></span>AS 39 <span class=\"ff8b\">Financial Instr<span class=\"_ _0\"></span>uments: Recogni<span class=\"_ _0\"></span>tion and Measurement</span><span class=\"ls4\">.<span class=\"_ _332\"> </span></span>At the in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p docu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m, al<span class=\"_ _0\"></span>ong w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>isk man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>teg<span class=\"_ _2\"></span>y f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us hed<span class=\"_ _0\"></span>ge tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _2\"></span>tions<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>re, a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e incep<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>nd on a<span class=\"_ _0\"></span>n ongo<span class=\"_ _0\"></span>ing ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s,<span class=\"_ _0\"></span> the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at is us<span class=\"_ _0\"></span>ed in a h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip is hig<span class=\"_ _0\"></span>hly effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>n offse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g chan<span class=\"_ _0\"></span>ges in fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lues o<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span> flows of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m.<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _332\"> </span>Hed<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>re cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey hed<span class=\"_ _0\"></span>ge the e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to chan<span class=\"_ _0\"></span>ges in c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to a pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ticular r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or a forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tion. T<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive por<span class=\"_ _2\"></span>tion of ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue of d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t are d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd qua<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>y as c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in ot<span class=\"_ _0\"></span>her com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive in<span class=\"_ _0\"></span>come a<span class=\"_ _0\"></span>nd acc<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s tra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g to any in<span class=\"_ _0\"></span>effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tely i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ccumul<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re recl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>ncome s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tem i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me lin<span class=\"_ _0\"></span>e as t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em. H<span class=\"_ _0\"></span>owever<span class=\"_ _3\"></span>, whe<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t is he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a non<span class=\"_ _0\"></span>-fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or a no<span class=\"_ _0\"></span>n-fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usly a<span class=\"_ _0\"></span>ccumu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d from eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or no<span class=\"_ _0\"></span>n-fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. H<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> is dis<span class=\"_ _0\"></span>conti<span class=\"_ _0\"></span>nued w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p revoke<span class=\"_ _0\"></span>s the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>onsh<span class=\"_ _0\"></span>ip, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pires o<span class=\"_ _0\"></span>r is sol<span class=\"_ _0\"></span>d, te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d, e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, or n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger qu<span class=\"_ _0\"></span>alifi<span class=\"_ _0\"></span>es for hedge a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting. A<span class=\"_ _0\"></span>ny gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in ot<span class=\"_ _0\"></span>her co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsive i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e at th<span class=\"_ _0\"></span>at ti<span class=\"_ _0\"></span>me is acc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>n equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion is u<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tely re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is no l<span class=\"_ _0\"></span>onge<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted to occur<span class=\"_ _15\"></span>, t<span class=\"_ _0\"></span>he ga<span class=\"_ _0\"></span>in or l<span class=\"_ _0\"></span>oss accum<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>ted in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>ly in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>Hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s of net i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n for<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>gn o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span>Hed<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>re cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d as n<span class=\"_ _0\"></span>et inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>n they h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e the foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osure t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s shar<span class=\"_ _0\"></span>e in the n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s of a foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Hed<span class=\"_ _0\"></span>ges of ne<span class=\"_ _0\"></span>t inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ccounte<span class=\"_ _0\"></span>d for simila<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y to ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>. Any g<span class=\"_ _0\"></span>ain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting to t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed in o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve incom<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d accum<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s tra<span class=\"_ _0\"></span>nsla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and<span class=\"_ _0\"></span> hed<span class=\"_ _0\"></span>ging r<span class=\"_ _0\"></span>eser<span class=\"_ _2\"></span>ve. The g<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o any ineffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve por<span class=\"_ _2\"></span>tion is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Ga<span class=\"_ _0\"></span>ins or lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on <span class=\"ls4\"> </span>the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge accu<span class=\"_ _0\"></span>mula<span class=\"_ _0\"></span>ted in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are r<span class=\"_ _0\"></span>ecla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d to the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>ay as e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge differ<span class=\"_ _0\"></span>ence<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>ting to t<span class=\"_ _0\"></span>he foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _332\"> </span>Leases The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ous le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ties (<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>.g. office buil<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>age faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _3\"></span>), vehic<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing IT e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and m<span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>y. At incept<span class=\"_ _0\"></span>ion of a le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>ses w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nveys th<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht to con<span class=\"_ _0\"></span>trol t<span class=\"_ _0\"></span>he use of a<span class=\"_ _0\"></span>n ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set for a cer<span class=\"_ _2\"></span>tain p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of tim<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t obt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ins sub<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y all th<span class=\"_ _0\"></span>e econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he use of t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, in exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ding r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o all le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch it i<span class=\"_ _0\"></span>s a les<span class=\"_ _0\"></span>see<span class=\"_ _0\"></span>, except l<span class=\"_ _0\"></span>ow-va<span class=\"_ _0\"></span>lue l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>and s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es of 1<span class=\"_ _15\"></span>2 m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs or le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r whi<span class=\"_ _0\"></span>ch are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s they<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>are incurred<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>A rig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lised o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ted ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es the p<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of futu<span class=\"_ _0\"></span>re lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>the in<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e adju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>t or b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ncem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t date<span class=\"_ _0\"></span>, pl<span class=\"_ _0\"></span>us any ini<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ed in ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to an es<span class=\"_ _2\"></span>timate of cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to re<span class=\"_ _0\"></span>move or r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere a l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in<span class=\"_ _0\"></span>centi<span class=\"_ _0\"></span>ve is re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is offse<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ains<span class=\"_ _2\"></span>t the righ<span class=\"_ _0\"></span>t-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et <span class=\"ls4\"> </span>at in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on. R<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e dep<span class=\"_ _0\"></span>recia<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>ht-line m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod ove<span class=\"_ _0\"></span>r the s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>ter of the es<span class=\"_ _2\"></span>timate<span class=\"_ _0\"></span>d life of the a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>erm a<span class=\"_ _0\"></span>nd <span class=\"ls4\"> </span>are r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>ed for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to accoun<span class=\"_ _0\"></span>t for any loss w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n even<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in ci<span class=\"_ _0\"></span>rcums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue m<span class=\"_ _0\"></span>ay not be full<span class=\"_ _0\"></span>y recove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. The l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _0\"></span>t us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e effec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te met<span class=\"_ _0\"></span>hod t<span class=\"_ _0\"></span>o ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>te the p<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of futur<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd is sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed by le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>tive inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate is b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>ate i<span class=\"_ _0\"></span>mpli<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, wh<span class=\"_ _0\"></span>ere no<span class=\"_ _0\"></span>t ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le, t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowi<span class=\"_ _0\"></span>ng ra<span class=\"_ _0\"></span>te. Le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e are a<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n a ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re dis<span class=\"_ _0\"></span>close<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing a<span class=\"_ _0\"></span>nd op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly. Leas<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise fixe<span class=\"_ _0\"></span>d lea<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on<span class=\"_ _0\"></span>ly<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xceptio<span class=\"_ _0\"></span>n of pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses for wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d fixed se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce char<span class=\"_ _0\"></span>ge is a<span class=\"_ _0\"></span>lso inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Lea<span class=\"_ _0\"></span>se li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt on t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>The l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ises t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ncell<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod i<span class=\"_ _0\"></span>n add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the e<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rceab<span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ich is cover<span class=\"_ _0\"></span>ed by an o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to ex<span class=\"_ _2\"></span>tend the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>t is rea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>bly ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n tha<span class=\"_ _0\"></span>t the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n will b<span class=\"_ _0\"></span>e exerci<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d covere<span class=\"_ _0\"></span>d by the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e to a poin<span class=\"_ _0\"></span>t in tim<span class=\"_ _0\"></span>e wh<span class=\"_ _0\"></span>ere no m<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>han a<span class=\"_ _0\"></span>n \u2018ins<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019 is inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>n insig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rence to t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r econo<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>s of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>ny inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in non<span class=\"_ _0\"></span>-tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfera<span class=\"_ _0\"></span>ble l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>hold i<span class=\"_ _0\"></span>mprove<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch may res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t in an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge sho<span class=\"_ _0\"></span>uld th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d. A mod<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on to a le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>ich cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s the le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>e.g. d<span class=\"_ _0\"></span>ue to a re<span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t ren<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ew) or amen<span class=\"_ _0\"></span>ds th<span class=\"_ _0\"></span>e ter<span class=\"_ _0\"></span>m of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s in a re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to the r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-of-use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities<span class=\"_ _332\"> </span> Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de for cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific cos<span class=\"_ _2\"></span>ts, o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, leg<span class=\"_ _0\"></span>al cla<span class=\"_ _0\"></span>ims<span class=\"_ _0\"></span>, oth<span class=\"_ _0\"></span>er pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d comm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> dila<span class=\"_ _0\"></span>pid<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n rela<span class=\"_ _0\"></span>ted pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>hich p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly rel<span class=\"_ _0\"></span>ate to S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s a pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion (<span class=\"_ _0\"></span>leg<span class=\"_ _0\"></span>al or co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult of a p<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>t event an<span class=\"_ _0\"></span>d it is p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t an o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>flow<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>of reso<span class=\"_ _0\"></span>urces e<span class=\"_ _0\"></span>mbo<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>cono<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to set<span class=\"_ _2\"></span>tle the ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d a relia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e of the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span> Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s som<span class=\"_ _0\"></span>e or a<span class=\"_ _0\"></span>ll of a provi<span class=\"_ _0\"></span>sion to b<span class=\"_ _0\"></span>e rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d, for ex<span class=\"_ _0\"></span>amp<span class=\"_ _0\"></span>le un<span class=\"_ _0\"></span>der a<span class=\"_ _0\"></span>n insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the re<span class=\"_ _0\"></span>imb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>as a s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et bu<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is v<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>tually cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to any p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion is p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed inco<span class=\"_ _0\"></span>me<span class=\"_ _332\"> </span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t net of a<span class=\"_ _0\"></span>ny reim<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. If t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>t of the time v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey is ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial, p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows a<span class=\"_ _0\"></span>t a pre<span class=\"_ _0\"></span>-ta<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te tha<span class=\"_ _0\"></span>t refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue of mo<span class=\"_ _0\"></span>ney a<span class=\"_ _0\"></span>nd, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>he ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ecific t<span class=\"_ _0\"></span>o the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> Wh<span class=\"_ _0\"></span>ere di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>ting is u<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, the i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision d<span class=\"_ _0\"></span>ue to t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of time is r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce cos<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c cos<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ts to incu<span class=\"_ _0\"></span>r futu<span class=\"_ _0\"></span>re rem<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to me<span class=\"_ _0\"></span>et cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>rs\u2019<span class=\"_ _332\"> </span> cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l ter<span class=\"_ _0\"></span>ms. C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>sing e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he wor<span class=\"_ _0\"></span>k of ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l consul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>r inte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l ex<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as a p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t\u2019s bes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd is in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n and co<span class=\"_ _0\"></span>uld cha<span class=\"_ _0\"></span>nge m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly over t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e provi<span class=\"_ _0\"></span>sion i<span class=\"_ _0\"></span>s revi<span class=\"_ _0\"></span>ewed a<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t on a b<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l ba<span class=\"_ _0\"></span>sis for<span class=\"_ _332\"> </span> cha<span class=\"_ _0\"></span>nges in co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Any ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a cha<span class=\"_ _0\"></span>rge or a r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e to the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hen i<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve rel<span class=\"_ _0\"></span>ates t<span class=\"_ _0\"></span>o emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s\u2019 and mo<span class=\"_ _0\"></span>tor a<span class=\"_ _0\"></span>nd fle<span class=\"_ _0\"></span>et lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s s<span class=\"_ _0\"></span>elf-insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span> inclu<span class=\"_ _0\"></span>des t<span class=\"_ _0\"></span>he full es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, gr<span class=\"_ _0\"></span>oss of a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to be r<span class=\"_ _0\"></span>ecovere<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s insurer<span class=\"_ _3\"></span>. Any re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce rei<span class=\"_ _0\"></span>mbur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span> as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t tha<span class=\"_ _0\"></span>t is vir<span class=\"_ _2\"></span>tuall<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain to b<span class=\"_ _0\"></span>e rece<span class=\"_ _0\"></span>ived i<span class=\"_ _0\"></span>s sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted g<span class=\"_ _0\"></span>ross w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>ceiv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es on t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>No pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y a discl<span class=\"_ _0\"></span>osure i<span class=\"_ _0\"></span>n the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is ma<span class=\"_ _0\"></span>de for contin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span> dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>ome u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n futur<span class=\"_ _0\"></span>e event o<span class=\"_ _0\"></span>ccur<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ere a p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t an ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flow of re<span class=\"_ _0\"></span>sour<span class=\"_ _0\"></span>ces is not p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, or t<span class=\"_ _0\"></span>he<span class=\"_ _332\"> </span> am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>t be me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Onerous contrac<span class=\"_ _0\"></span>ts On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns (<span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>CPs<span class=\"_ _3\"></span>) ar<span class=\"_ _0\"></span>ise w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he unavo<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>ble cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns excee<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>. The u<span class=\"_ _0\"></span>navoid<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>t net cos<span class=\"_ _0\"></span>t of ex<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is lower of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of fulfilli<span class=\"_ _0\"></span>ng a cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span>and a<span class=\"_ _0\"></span>ny comp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion or p<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing from fail<span class=\"_ _0\"></span>ure to fulfil i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of fulfilling a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises b<span class=\"_ _0\"></span>oth i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d an al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of <span class=\"ls4\"> </span>oth<span class=\"_ _0\"></span>er dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere a cus<span class=\"_ _2\"></span>tomer ha<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion to ex<span class=\"_ _2\"></span>tend a con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>t is likel<span class=\"_ _0\"></span>y tha<span class=\"_ _0\"></span>t suc<span class=\"_ _0\"></span>h an ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>n will b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted net cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he ex<span class=\"_ _2\"></span>tension p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Howe<span class=\"_ _0\"></span>ver<span class=\"_ _15\"></span>, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e a profi<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>n be re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>ted in the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>, no cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t is t<span class=\"_ _0\"></span>aken o<span class=\"_ _0\"></span>n <span class=\"ls4\"> </span>the b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is tha<span class=\"_ _0\"></span>t suc<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tain g<span class=\"_ _0\"></span>iven t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tial for th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er to e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>ot ex<span class=\"_ _2\"></span>tend or offe<span class=\"_ _0\"></span>r an ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er lowe<span class=\"_ _0\"></span>r pri<span class=\"_ _0\"></span>cing te<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Cont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngent a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s No a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and o<span class=\"_ _0\"></span>nly a di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ure in t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r conti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re an infl<span class=\"_ _0\"></span>ow of econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s is p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> bu<span class=\"_ _0\"></span>t not v<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>tually ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ari<span class=\"_ _0\"></span>se from pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d who<span class=\"_ _0\"></span>se ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ce will b<span class=\"_ _0\"></span>e confir<span class=\"_ _0\"></span>med o<span class=\"_ _0\"></span>nly by t<span class=\"_ _0\"></span>he occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nce or non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>occur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of one or m<span class=\"_ _0\"></span>ore u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n futur<span class=\"_ _0\"></span>e event<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>olly w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>rol of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _332\"> </span>Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based payment<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of exec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ive an<span class=\"_ _0\"></span>d em<span class=\"_ _0\"></span>ployee s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es. Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span>-set<span class=\"_ _2\"></span>tled sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to em<span class=\"_ _0\"></span>ployee<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed at<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fair va<span class=\"_ _0\"></span>lue e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>r gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s of sh<span class=\"_ _0\"></span>are opt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd aw<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>ate of g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ck-Schole<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el o<span class=\"_ _0\"></span>r the sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>rice a<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ant d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ove<span class=\"_ _0\"></span>r the ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t will eve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>ally ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. At e<span class=\"_ _0\"></span>ach b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p revis<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of th<span class=\"_ _0\"></span>e num<span class=\"_ _0\"></span>ber of e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ves<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of t<span class=\"_ _0\"></span>he effec<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sed ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g condi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Save A<span class=\"_ _0\"></span>s Y<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>u Ear<span class=\"_ _0\"></span>n (SA<span class=\"_ _15\"></span>YE<span class=\"_ _0\"></span>) opti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re tre<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>ncelle<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es cea<span class=\"_ _0\"></span>se to co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te to t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing in a<span class=\"_ _0\"></span>n accel<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on <span class=\"ls4\"> </span>of the re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>inde<span class=\"_ _0\"></span>r of the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inclu<span class=\"_ _0\"></span>des t<span class=\"_ _0\"></span>he sha<span class=\"_ _0\"></span>res ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by the Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd tre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n sha<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s upo<span class=\"_ _0\"></span>n exercis<span class=\"_ _0\"></span>e of opti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd awa<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e own sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve is re<span class=\"_ _0\"></span>duce<span class=\"_ _0\"></span>d by the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t or v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Retiremen<span class=\"_ _3\"></span>t benefit<span class=\"_ _3\"></span> costs<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r all qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>and s<span class=\"_ _2\"></span>takeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s are ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice is pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ed.<span class=\"_ _0\"></span> In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tes in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. In res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the sche<span class=\"_ _0\"></span>mes i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>kes cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Admi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tus to cli<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2019 defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of cer<span class=\"_ _2\"></span>tain e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees w<span class=\"_ _0\"></span>ho tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsferr<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span> T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of Unde<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (Pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of Emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) Reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s 200<span class=\"_ _0\"></span>6 (<span class=\"_ _0\"></span>TU<span class=\"_ _0\"></span>PE), th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s leg<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span> per<span class=\"_ _0\"></span>iod of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch is for a fixed pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>For th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of prov<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the pr<span class=\"_ _0\"></span>ojec<span class=\"_ _2\"></span>ted uni<span class=\"_ _0\"></span>t cred<span class=\"_ _0\"></span>it m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t at ea<span class=\"_ _0\"></span>ch ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te by qua<span class=\"_ _0\"></span>lifie<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial g<span class=\"_ _0\"></span>ains a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>turn o<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>exclu<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t) and th<span class=\"_ _0\"></span>e effec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g (if a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of comp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve incom<span class=\"_ _0\"></span>e in <span class=\"ls4\"> </span>the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey occ<span class=\"_ _0\"></span>ur<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _2\"></span>tail<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts) are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in ad<span class=\"_ _0\"></span>minis<span class=\"_ _2\"></span>trat<span class=\"_ _0\"></span>ive ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hile th<span class=\"_ _0\"></span>e net<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s net liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y for each sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e by es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of fu<span class=\"_ _0\"></span>ture b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s have ea<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unt u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t yie<span class=\"_ _0\"></span>ld on a hi<span class=\"_ _0\"></span>gh-<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of any s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>s in a p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t for the G<span class=\"_ _0\"></span>roup, th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble i<span class=\"_ _0\"></span>n the form of a<span class=\"_ _0\"></span>ny futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s the u<span class=\"_ _0\"></span>ncond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l rig<span class=\"_ _0\"></span>ht to th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus o<span class=\"_ _0\"></span>r red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>re adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x, w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tes in four m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. For t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s share of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>s minim<span class=\"_ _0\"></span>al. T<span class=\"_ _0\"></span>he four<span class=\"_ _2\"></span>th sche<span class=\"_ _0\"></span>me is th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>g &amp; Mech<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Ser<span class=\"_ _2\"></span>vices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>), a funded m<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ti-<span class=\"_ _332\"> </span>emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>as foun<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>975 and to da<span class=\"_ _0\"></span>te ha<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d over 4,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ued S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>ices in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e FM Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _3\"></span>refer to Note<span class=\"_ _0\"></span>s 2<span class=\"_ _15\"></span>1 a<span class=\"_ _0\"></span>nd 32<span class=\"_ _15\"></span>). A<span class=\"_ _0\"></span>noth<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p compa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>, Mi<span class=\"_ _0\"></span>tie P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>g Sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s as i<span class=\"_ _0\"></span>f they we<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>id to a de<span class=\"_ _0\"></span>fined co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. For s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>here s<span class=\"_ _0\"></span>uffici<span class=\"_ _0\"></span>ent infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion is n<span class=\"_ _0\"></span>ot ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le to <span class=\"ls4\"> </span>use d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, no li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, however<span class=\"_ _3\"></span>, the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in No<span class=\"_ _0\"></span>te 3<span class=\"_ _3\"></span>3.<span class=\"_ _332\"> </span>Div<span class=\"_ _0\"></span>idend<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>rim d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey are p<span class=\"_ _0\"></span>aid a<span class=\"_ _0\"></span>nd fin<span class=\"_ _0\"></span>al di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hen a<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in a gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng by sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end in<span class=\"_ _0\"></span>come<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g from join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, is re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n receip<span class=\"_ _0\"></span>t.<span class=\"_ _332\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Basis of consolidation The Group\u2019s consolidated financial statements comprise the financial statements of Mitie Group plc and all its subsidiaries. The Company\u2019s separate  financial statements are presented as required by the Companies Act 2006. The Company meets the definition of a qualifying entity under FRS 100 issued  by the Financial Reporting Council (FRC). Accordingly, for the year ended 31 March 2023, the Company reported under FRS 101 as issued by the FRC.  As permitted by FRS 101, the Company has taken advantage of the disclosure exemptions available under that standard. In preparing these Group consolidated financial statements, the Group\u2019s accounting policies and methods of computation were, with the exception of  the change in the accounting policy referred to above, the same as those that applied in the preparation of the Group\u2019s consolidated financial statements for the year ended 31 March 2022, which were prepared in accordance with UK-adopted International Accounting Standards in conformity with the  requirements of the Companies Act 2006. Subsidiaries are consolidated from the date on which control is transferred to the Group and cease to be consolidated from the date on which control is  transferred out of the Group. The results, assets and liabilities of joint ventures and associates are accounted for under the equity method of accounting.  Where necessary, adjustments are made to the financial statements of subsidiaries, joint ventures and associates to bring the accounting policies used into  line with those used by the Group.  All intercompany balances and transactions, including unrealised profits arising from inter-group transactions, have been eliminated in full. The interests of non-controlling shareholders are measured at the non-controlling interest\u2019s proportion of the net fair value of the assets and liabilities  recognised. Changes in a parent\u2019s ownership interest in a subsidiary that do not result in a loss of control are accounted for within shareholders\u2019 equity.  No gain or loss is recognised on such transactions and goodwill is not remeasured. Any difference between the change in the non-controlling interest  and the fair value of the consideration paid or received is recognised directly in equity and attributed to the equity holders of the parent. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Joint ventures and associates Joint ventures are those entities over whose activities the Group has joint control, whereby the Group has rights to the net assets of the entity, rather than rights to its individual assets and obligations for its individual liabilities. Associates are those entities over whose financial and operating policies the Group has significant influence, but not control or joint control. The results, assets and liabilities of joint ventures and associates are incorporated in the Group\u2019s consolidated financial statements using the equity method of accounting, except when classified as held for sale. Under the equity method, an investment in a joint venture or associate is initially recognised in the consolidated balance sheet at cost and adjusted thereafter to recognise the Group\u2019s share of the profit or loss and other comprehensive income of the joint venture or associate. Any excess of the cost of acquisition over the Group\u2019s share of net fair value of the identifiable assets, liabilities and contingent liabilities of the joint venture or associate at the date of acquisition is recognised as goodwill. Where the Group entity transacts with a joint venture or associate, profits and losses are eliminated to the extent of the Group\u2019s interest in the joint venture or associate . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-660": {
   "value": "Joint ventures and associates Joint ventures are those entities over whose activities the Group has joint control, whereby the Group has rights to the net assets of the entity, rather than rights to its individual assets and obligations for its individual liabilities. Associates are those entities over whose financial and operating policies the Group has significant influence, but not control or joint control. The results, assets and liabilities of joint ventures and associates are incorporated in the Group\u2019s consolidated financial statements using the equity method of accounting, except when classified as held for sale. Under the equity method, an investment in a joint venture or associate is initially recognised in the consolidated balance sheet at cost and adjusted thereafter to recognise the Group\u2019s share of the profit or loss and other comprehensive income of the joint venture or associate. Any excess of the cost of acquisition over the Group\u2019s share of net fair value of the identifiable assets, liabilities and contingent liabilities of the joint venture or associate at the date of acquisition is recognised as goodwill. Where the Group entity transacts with a joint venture or associate, profits and losses are eliminated to the extent of the Group\u2019s interest in the joint venture or associate ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "Joint ventures and associates Joint ventures are those entities over whose activities the Group has joint control, whereby the Group has rights to the net assets of the entity, rather than rights to its individual assets and obligations for its individual liabilities. Associates are those entities over whose financial and operating policies the Group has significant influence, but not control or joint control. The results, assets and liabilities of joint ventures and associates are incorporated in the Group\u2019s consolidated financial statements using the equity method of accounting, except when classified as held for sale. Under the equity method, an investment in a joint venture or associate is initially recognised in the consolidated balance sheet at cost and adjusted thereafter to recognise the Group\u2019s share of the profit or loss and other comprehensive income of the joint venture or associate. Any excess of the cost of acquisition over the Group\u2019s share of net fair value of the identifiable assets, liabilities and contingent liabilities of the joint venture or associate at the date of acquisition is recognised as goodwill. Where the Group entity transacts with a joint venture or associate, profits and losses are eliminated to the extent of the Group\u2019s interest in the joint venture or associate ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Statutory and non-statutory measures of performance The consolidated financial statements contain all the information and disclosures required by the relevant accounting standards and regulatory obligations that apply to the Group. In the consolidated financial statements, the Group has elected to provide some further disclosures and performance measures, reported as \u2018before Other items\u2019, in order to present its financial results in a way that demonstrates the performance of continuing operations. Other items are items of financial performance which management believes should be separately identified on the face of the consolidated income statement to assist in understanding the underlying financial performance achieved by the Group. The Group separately reports impairment of goodwill, impairment and amortisation of acquisition related intangible assets, acquisition and disposal costs, gain or loss on business disposals, cost of restructuring programmes and other exceptional items and their related tax effect as Other items. Should these items be reversed, disclosure of this would also be as Other items. Separate presentation of these items is intended to enhance understanding of the financial performance of the Group in the year and the extent to which results are influenced by material unusual and/or non-recurring items. Further detail of Other items is set out in Note 4. In addition, following the guidelines on Alternative Performance Measures (APMs) issued by the European Securities and Markets Authority (ESMA), the Group has included an APM appendix to the consolidated financial statements on pages 212 to 215. ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForStatutoryAndNonStatutoryMeasuresOfPerformance",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-661": {
   "value": "Statutory and non-statutory measures of performance The consolidated financial statements contain all the information and disclosures required by the relevant accounting standards and regulatory obligations that apply to the Group. In the consolidated financial statements, the Group has elected to provide some further disclosures and performance measures, reported as \u2018before Other items\u2019, in order to present its financial results in a way that demonstrates the performance of continuing operations. Other items are items of financial performance which management believes should be separately identified on the face of the consolidated income statement to assist in understanding the underlying financial performance achieved by the Group. The Group separately reports impairment of goodwill, impairment and amortisation of acquisition related intangible assets, acquisition and disposal costs, gain or loss on business disposals, cost of restructuring programmes and other exceptional items and their related tax effect as Other items. Should these items be reversed, disclosure of this would also be as Other items. Separate presentation of these items is intended to enhance understanding of the financial performance of the Group in the year and the extent to which results are influenced by material unusual and/or non-recurring items. Further detail of Other items is set out in Note 4. In addition, following the guidelines on Alternative Performance Measures (APMs) issued by the European Securities and Markets Authority (ESMA), the Group has included an APM appendix to the consolidated financial statements on pages 212 to 215. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Revenue recognition policy The Group operates contracts with a varying degree of complexity across its service lines, so a range of methods are used for the recognition of revenue based on the principles set out in IFRS 15. Revenue represents income recognised in respect of services provided during the year based on the delivery of performance obligations and an assessment of when control is transferred to the customer. IFRS 15 provides a single, principle-based five-step model to be applied to all sales contracts as outlined below. It is based on the transfer of control of goods and services to customers and replaces the separate models for goods, services and construction contracts. Step 1 \u2013 Identify the contract(s) with a customer For all contracts with customers, the Group determines if the arrangement creates enforceable rights and obligations. This assessment results in certain Framework arrangements or Master Service Agreements (MSAs) not meeting the definition of contracts under IFRS 15 unless they specify the minimum quantities to be ordered. Usually the work order and any change orders together with the Framework or MSA will constitute the IFRS 15 contract. Duration of contract The Group frequently enters into contracts with customers which contain extension periods at the end of the initial term, automatic annual renewals,  and/or termination for convenience and break clauses that could impact the duration of the contract. Judgement is applied to assess the impact that such clauses have in determining the relevant contract term. The term of the contract affects the period over which amortisation of contract assets and revenue from performance obligations is recognised. In forming this judgement, management considers certain influencing factors, including the amount of discount provided, the presence of significant termination penalties in the contract, and the relationship, experience and performance of contract delivery with the customer and/or the wider industry, in understanding the likelihood of extension or termination of the contract. Contract modifications Where the Group\u2019s contracts are amended for changes to customer requirements, such as change orders and variations, a contract modification takes place when the amendment creates new enforceable rights and obligations or changes the existing price or scope (or both) of the contract, and the modification has been approved. Contract modifications can be approved in writing, by oral agreement, or implied by customary business practices. If the parties to the contract have not approved a contract modification, revenue is recognised in accordance with the existing contractual terms. If a change in scope has been approved but the corresponding change in price is still being negotiated, change to the total transaction price is estimated. Contract modifications, including contract renewals, are accounted for as a separate contract if the contract scope changes due to the addition of distinct goods or services and the change in contract price reflects the stand-alone selling price of the distinct goods or services. If the price of additional distinct goods or services is not commensurate with the stand-alone selling prices for those goods or services, then this is considered a termination of the original contract and the creation of a new contract which is accounted for prospectively from the date of modification. Where new goods or services are not distinct from those in the original contract, then these are considered to form part of the original contract, with any update to pricing recognised as a cumulative catch up to revenue. The facts and circumstances of any modification are considered in isolation, as these are specific to each contract and may result in different accounting outcomes. Step 2 \u2013 Identify the performance obligations in the contract Performance obligations are the contractual promises by the Group to transfer distinct goods or services to a customer. For arrangements with multiple components to be delivered to customers, such as in the Group\u2019s integrated facilities management contracts, judgement is applied to consider whether those promised goods or services are: i.  distinct and accounted for as separate performance obligations; ii.  combined with other promised goods or services until a bundle is identified that is distinct; or iii. part of a series of distinct goods or services that are substantially the same and have the same pattern of transfer over time, i.e. where the customer is deemed to have simultaneously received and consumed the benefits of the goods or services over the life of the contract, the Group treats the series as a single performance obligation. Step 3 \u2013 Determine the transaction price At contract inception, the total transaction price is determined, being the amount to which management expects the Group to be entitled and has rights under the contract. This includes the fixed price stated in the contract and an assessment of any variable consideration. Variability in revenue can arise from a number of factors, including discounts, rebates or service penalties. Variable consideration is typically estimated based on the expected value method and is only recognised to the extent it is highly probable that a subsequent change in its estimate would not result in a significant revenue reversal. Certain contracts across the Group incorporate indexation related adjustments to consideration, whereby pricing is adjusted based on an external metric (such as CPI or RPI). Variable consideration related to indexation adjustments is only recognised once these are confirmed. Step 4 \u2013 Allocate the transaction price to the performance obligations in the contract The Group allocates the total transaction price to the identified performance obligations based on their relative stand-alone selling prices. This is predominantly based on an observable price or a cost plus margin arrangement. It is necessary to estimate the stand-alone selling price when the Group does not sell equivalent goods or services in similar circumstances on a stand-alone basis. When estimating the stand-alone selling price, the Group maximises the use of external inputs by observing the stand-alone selling prices for similar goods and services using an industry recognised price list or  cost indices in applying a cost-plus reasonable margin approach. Step 5 \u2013 Recognise revenue when or as the entity satisfies its performance obligations For each performance obligation, management determines if revenue will be recognised over time or at a point in time. Where revenue is recognised  over time, the Group applies the relevant output or input revenue recognition method for measuring progress that depicts the Group\u2019s performance  in transferring control of the goods or services to the customer. Certain long-term contracts use output methods based upon surveys of performance completed, appraisals of results achieved, or milestones reached which allow the Group to recognise revenue on the basis of direct measurements of the value to the customer of the goods or services transferred to date relative to the remaining goods or services under the contract. Under the input method, measured progress and revenue are recognised in direct proportion to costs incurred where the transfer of control is most closely aligned to the Group\u2019s efforts in delivering the service. Where deemed appropriate, the Group will utilise the practical expedient within IFRS 15, allowing revenue to be recognised at the amount which the Group has the right to invoice, where that amount corresponds directly with the value to the customer of the Group\u2019s performance obligations completed to date. If performance obligations do not meet the criteria to recognise revenue over time, revenue is recognised at the point in time when control of the goods or services passes to the customer. This may be at the point of physical delivery of goods and acceptance by a customer or when the customer obtains control of an asset or service in a contract with customer-specified acceptance criteria. Sales of goods are recognised when goods are delivered and control has passed to the customer. Other revenue Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset\u2019s net carrying amount. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "Long-term complex contracts The Group has a number of long-term complex contracts which are predominantly integrated facilities management arrangements. Typically, these contracts involve the provision of multiple service lines, with a single management team providing an integrated service. Such contracts tend to be transformational in nature where the business works with the customer to identify and implement cost saving initiatives across the life of the contract. Management considers the majority of services provided within integrated facilities management contracts meet the definition of a series of distinct  goods or services that are substantially the same and have the same pattern of transfer over time. The series constitutes services provided in distinct  time increments (e.g. monthly or quarterly) and therefore the Group treats the series of such services as one performance obligation. The Group also delivers major project-based services under long-term complex contracts that include performance obligations under which revenue  is recognised over time as value from the service is transferred to the customer. This may be where the Group has a legally enforceable right to remuneration for the work completed to date, and therefore revenue will be recognised in line with the associated transfer of control. The Group has a number of long-term PFI lifecycle contracts to maintain properties over periods of up to 30 years. A fund is established at the start of  the contract and amounts are drawn down by the Group as maintenance work is performed. For certain contracts, the Group is also entitled to share in any surplus left in the fund. Revenue is recognised over time to reflect the rendering of the service, including an assessment of the appropriate proportion of the likely surplus in the fund, subject to being highly probable not to reverse. The amount of surplus available is dependent on the rate of wear and  tear of the assets, which is substantially outside the control of the entity and the customer. As such, the Group does not deem there to be a significant financing component. ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForLongTermComplexContracts",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "Repeat service-based contracts (single and bundled contracts) The Group operates a number of single or joint service-line arrangements where repeat services meet the definition of a series of distinct services that are substantially the same (e.g. the provision of cleaning, security, catering, waste and landscaping services). They have the same pattern of transfer of value to the customer, as the series constitutes core services provided in distinct time increments (e.g. monthly or quarterly). The Group therefore treats the series of such services as one performance obligation ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForRepeatServiceBasedContracts",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "Short-term service-based arrangements The Group delivers a range of other short-term service-based performance obligations and professional services work across certain reporting segments for which revenue is recognised at the point in time when control of the service has transferred to the customer. This may be at the point when the customer obtains control of the service in a contract with customer-specified acceptance criteria, e.g. the delivery of a strategic operating model or report. ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForShortTermServiceBasedArrangements",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "Government grants Government grants are recognised where there is reasonable assurance that the grant will be received and all conditions attaching to the grant will  be complied with. Government grants that compensate the Group for expenses incurred are recognised in the consolidated income statement as a deduction against the related expense for which the grant is intended to compensate, over the periods necessary to match the grant with the related  costs. Any repayment of grants is charged to the consolidated income statement to reverse the deduction against the related expense, at the point when management has taken the decision to repay the amount to the Government and the intention to repay has been communicated to the Government. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "Contract costs The Group incurs pre-contract expenses (e.g. legal costs) when it is expected to enter into a new contract. The incremental costs to obtain a contract  with a customer are recognised within contract assets if it is expected that those costs will be recoverable. Costs to obtain a contract that would have been incurred regardless of whether the contract was obtained are recognised as an expense in the year. ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForContractCosts",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "Contract fulfilment costs Costs incurred to ensure that the project or programme has appropriate organisational, operational and technical infrastructures, and mechanisms in place to enable the delivery of full services under the contract target operating model, are defined as contract fulfilment costs. Only costs which meet all three of the criteria below are included within contract assets on the consolidated balance sheet: i.  the costs directly relate to the contract (e.g. direct labour, materials, subcontractors); ii.  the Group is building an asset that will subsequently be used to deliver contract outcomes; and iii. the costs are expected to be recoverable, i.e. the contract is expected to be profitable after amortising the capitalised costs. Contract fulfilment costs covered within the scope of another accounting standard, such as inventories, intangible assets, or property, plant and equipment, are not capitalised as contract fulfilment assets but are treated in accordance with the relevant standard ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForContractFulfilmentCosts",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-691": {
   "value": "Amortisation and impairment of contract assets The Group amortises contract assets (pre-contract costs and contract fulfilment costs) on a systematic basis that is consistent with the entity\u2019s transfer of the related goods or services to the customer. The expense is recognised in the consolidated income statement in the year. A capitalised pre-contract cost or contract fulfilment cost is derecognised either when it is disposed of or when no further economic benefits are expected to flow from its use. Management is required to determine the recoverability of contract related assets at each reporting date. An impairment exists if the carrying amount of any asset exceeds the amount of consideration the entity expects to receive in exchange for providing the associated goods and services, less the remaining costs that relate directly to providing those goods and services under the relevant contract. In determining the estimated amount of consideration, management uses the same principles as it does to determine the contract transaction price. An impairment is recognised immediately where such losses are forecast. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss  been recognised for the asset (or CGU) in prior years. A reversal of an impairment loss is recognised as income immediately. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-692": {
   "value": "Accrued income and deferred income The Group\u2019s customer contracts include a diverse range of payment schedules that are often agreed at the inception of long-term contracts under which  it receives payments throughout the term of the arrangement. Payments for goods and services transferred at a point in time may be at the delivery date, in arrears or part payment in advance. Where revenue recognised at the year end date is more than amounts invoiced, the Group recognises accrued income for the difference. Where revenue recognised at the year end date is less than amounts invoiced, the Group recognises deferred income for the difference. Where price step-downs are required in a contract and output is not decreasing, revenue is deferred from initial periods to subsequent periods in order for revenue to be recognised on a consistent basis. Providing the option for a customer to obtain extension periods or other services at a significant discount may lead to a separate performance obligation where a material right exists. Where this is the case, the Group allocates part of the transaction price from the original contract to deferred income which is then amortised over the discounted extension period or recognised immediately when the extension right expires.",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForAccruedIncomeAndDeferredIncome",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Foreign currency The financial statements of each of the Group\u2019s businesses are prepared in the functional currency applicable to that business. Transactions in currencies other than the functional currency are recorded at the rate of exchange at the date of transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are included in the consolidated income statement. Non-monetary items are measured in terms of historical cost in a foreign currency and are not retranslated. On consolidation, the assets and liabilities of the Group\u2019s foreign operations, including goodwill and fair value adjustments arising on their acquisition, are translated into pounds sterling at exchange rates prevailing at the balance sheet date. Income and expenses are translated into pounds sterling at average exchange rates for the period. Exchange differences arising are recognised directly in equity in the Group\u2019s hedging and translation reserve. On disposal  of a foreign operation, the deferred cumulative amount recognised in equity relating to that particular foreign operation is recognised in the consolidated income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "The financial statements of each of the Group\u2019s businesses are prepared in the functional currency applicable to that business. Transactions in currencies other than the functional currency are recorded at the rate of exchange at the date of transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are included in the consolidated income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-662": {
   "value": "Finance costs Finance costs consist of interest and other costs that are incurred in connection with the borrowing of funds. Finance costs are recognised in the consolidated income statement in the year in which they are incurred, with the finance charges relating to the direct cost of debt issue spread over the period to redemption using the effective interest method. The Group has elected to classify cash flows from interest paid as operating activities and interest received as investing activities. Interest paid includes the interest portion of the lease liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "Finance costs Finance costs consist of interest and other costs that are incurred in connection with the borrowing of funds. Finance costs are recognised in the consolidated income statement in the year in which they are incurred, with the finance charges relating to the direct cost of debt issue spread over the period to redemption using the effective interest method. The Group has elected to classify cash flows from interest paid as operating activities and interest received as investing activities. Interest paid includes the interest portion of the lease liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "Finance costs Finance costs consist of interest and other costs that are incurred in connection with the borrowing of funds. Finance costs are recognised in the consolidated income statement in the year in which they are incurred, with the finance charges relating to the direct cost of debt issue spread over the period to redemption using the effective interest method. The Group has elected to classify cash flows from interest paid as operating activities and interest received as investing activities. Interest paid includes the interest portion of the lease liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "Taxation The tax expense represents the sum of the current tax and deferred tax expense. The current tax expense is based on taxable profit for the year. Taxable profit differs from accounting profit as reported in the consolidated income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised  if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised, based upon tax rates and legislation that have been enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "Taxation The tax expense represents the sum of the current tax and deferred tax expense. The current tax expense is based on taxable profit for the year. Taxable profit differs from accounting profit as reported in the consolidated income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised  if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised, based upon tax rates and legislation that have been enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-697": {
   "value": "Operating segments Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (CODM). The CODM, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Board of Directors. Dividends Interim dividends are recognised when they are paid and final dividends are recognised as a liability when authorised in a general meeting by shareholders. Dividend income, including from joint ventures and associates, is recognised on receipt. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "Operating segments Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (CODM). The CODM, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Board of Directors. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "Business combinations  The acquisition of subsidiaries is accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values, at the date of exchange, of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition costs incurred are expensed. The identifiable assets, liabilities and contingent liabilities of the acquiree that meet the conditions for recognition  are recognised at their fair value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for resale in  accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, which are recognised and measured at fair value less costs to sell. Goodwill arising on acquisition is recognised as an asset and initially measured at cost, being the excess of the cost of the business combination over the  Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised. Negative goodwill representing a gain from a  bargain purchase is recognised directly in the consolidated income statement. The fair value of customer contracts or customer relationships recognised as a result of a business combination are determined using forecast customer  cash flows from the contracts or relationships and expected renewal rates, and applying an appropriate discount rate specific to the asset. In determining  the cash flows, management uses judgement to estimate revenue growth, profit margins, contract renewal probability and the average contract duration remaining, as well as the discount rate. Amortisation is charged on a straight-line basis through Other items over its useful economic life, up to a maximum of 15 years. Where applicable, the consideration for an acquisition includes any assets or liabilities resulting from a contingent consideration arrangement, measured  at fair value at the acquisition date. Subsequent changes in such fair values are adjusted against the cost of acquisition where they result from additional  information, obtained within one year from the acquisition date, about facts and circumstances that existed at the acquisition date. All other subsequent  changes in the fair value of contingent consideration classified as an asset or liability are recognised in the consolidated income statement, in accordance with IFRS 9. Changes in the fair value of contingent consideration classified as equity are not recognised. Any business combinations prior to 1 April 2010 were accounted for using the standards in place prior to the adoption of IFRS 3 (revised 2008) which  differ in the following respects: transaction costs directly attributable to the acquisition formed part of the acquisition costs; contingent consideration was  recognised if, and only if, the Group had a present obligation, the economic outflow was more likely than not and a reliable estimate was determinable; and  subsequent adjustments to the contingent consideration were recognised as part of goodwill. Changes in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity  transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests  in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or  received is recognised directly in equity and attributed to owners of the Company.  When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between: (i) the aggregate  of the fair value of the consideration received and the fair value of any retained interest; and (ii) the previous carrying amount of the assets (including  goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to  that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary, i.e. reclassified to profit or loss or  transferred to another category of equity as specified/permitted by applicable IFRSs. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9, when applicable, of an investment in  an associate or a joint venture. The Group measures the lease liability for acquired leases at the present value of the remaining lease payments discounted using an appropriate discount  rate. As required by IFRS 3 Business Combinations, the Group treats acquired leases as new leases, thereby recording the right-of-use asset as equal to the lease liability. Acquisition related liabilities or performance-based employment-linked earnouts are the estimated amounts payable to previous owners. The estimated  future payments that are accrued over the period the sellers are required to remain with the business are accounted for as remuneration for post- acquisition services and recognised within the consolidated income statement and classified as Other items. The amounts not linked to employment are considered to be deferred consideration and estimated and recognised at acquisition at their discounted fair value, with the unwind of the discount  recorded as part of finance costs.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-663": {
   "value": "Business combinations The acquisition of subsidiaries is accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values, at the date of exchange, of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Acquisition costs incurred are expensed. The identifiable assets, liabilities and contingent liabilities of the acquiree that meet the conditions for recognition are recognised at their fair value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for resale in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, which are recognised and measured at fair value less costs to sell. Goodwill arising on acquisition is recognised as an asset and initially measured at cost, being the excess of the cost of the business combination over the Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised. Negative goodwill representing a gain from a bargain purchase is recognised directly in the consolidated income statement. The fair value of customer contracts or customer relationships recognised as a result of a business combination are determined using forecast customer cash flows from the contracts or relationships and expected renewal rates, and applying an appropriate discount rate specific to the asset. In determining the cash flows, management uses judgement to estimate revenue growth, profit margins, contract renewal probability and the average contract duration remaining, as well as the discount rate. Amortisation is charged on a straight-line basis through Other items over its useful economic life, up to a maximum of 15 years. Where applicable, the consideration for an acquisition includes any assets or liabilities resulting from a contingent consideration arrangement, measured  at fair value at the acquisition date. Subsequent changes in such fair values are adjusted against the cost of acquisition where they result from additional information, obtained within one year from the acquisition date, about facts and circumstances that existed at the acquisition date. All other subsequent changes in the fair value of contingent consideration classified as an asset or liability are recognised in the consolidated income statement, in accordance with IFRS 9. Changes in the fair value of contingent consideration classified as equity are not recognised. Any business combinations prior to 1 April 2010 were accounted for using the standards in place prior to the adoption of IFRS 3 (revised 2008) which differ in the following respects: transaction costs directly attributable to the acquisition formed part of the acquisition costs; contingent consideration was recognised if, and only if, the Group had a present obligation, the economic outflow was more likely than not and a reliable estimate was determinable; and subsequent adjustments to the contingent consideration were recognised as part of goodwill. Changes in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between: (i) the aggregate  of the fair value of the consideration received and the fair value of any retained interest; and (ii) the previous carrying amount of the assets (including goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary, i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9, when applicable, of an investment in an associate or a joint venture. The Group measures the lease liability for acquired leases at the present value of the remaining lease payments discounted using an appropriate discount rate. As required by IFRS 3 Business Combinations, the Group treats acquired leases as new leases, thereby recording the right-of-use asset as equal to the lease liability. Acquisition related liabilities or performance-based employment-linked earnouts are the estimated amounts payable to previous owners. The estimated future payments that are accrued over the period the sellers are required to remain with the business are accounted for as remuneration for post- acquisition services and recognised within the consolidated income statement and classified as Other items. The amounts not linked to employment are considered to be deferred consideration and estimated and recognised at acquisition at their discounted fair value, with the unwind of the discount recorded as part of finance costs. Goodwill Goodwill arising on consolidation represents the excess of the cost of acquisition over the Group\u2019s interest in the fair value of the identifiable assets, liabilities and contingent liabilities of a subsidiary at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated impairment losses. It is reviewed for impairment at least annually. Any impairment is recognised immediately in the consolidated income statement for the year and is not subsequently reversed. For the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units (CGUs) expected to benefit from the synergies of the combination. CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the CGU is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. On disposal of a subsidiary the attributable amount of goodwill is included in the determination of the profit or loss on disposal. When a business reorganisation results in changes to the composition of CGUs, goodwill is reallocated to updated CGUs. The goodwill allocated to a prior CGU is wholly reallocated to an updated CGU, where the goodwill wholly arose on the acquisition of businesses comprised within the updated CGU. Where this is not possible, a relative value approach is taken to allocate goodwill to updated CGUs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-679": {
   "value": "The acquisition of subsidiaries is accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values, at the date of exchange, of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquiree. Changes in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity  transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests  in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or  received is recognised directly in equity and attributed to owners of the Company.  When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between: (i) the aggregate  of the fair value of the consideration received and the fair value of any retained interest; and (ii) the previous carrying amount of the assets (including  goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to  that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary, i.e. reclassified to profit or loss or  transferred to another category of equity as specified/permitted by applicable IFRSs. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9, when applicable, of an investment in  an associate or a joint venture. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-686": {
   "value": "Goodwill  Goodwill arising on consolidation represents the excess of the cost of acquisition over the Group\u2019s interest in the fair value of the identifiable assets,  liabilities and contingent liabilities of a subsidiary at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated impairment losses. It is reviewed for impairment at least annually. Any impairment is recognised immediately in the consolidated income statement for the year and is not subsequently reversed. For the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units (CGUs) expected to benefit from the synergies of  the combination. CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the CGU is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in  the unit. On disposal of a subsidiary the attributable amount of goodwill is included in the determination of the profit or loss on disposal. When a business reorganisation results in changes to the composition of CGUs, goodwill is reallocated to updated CGUs. The goodwill allocated to a prior CGU is wholly reallocated to an updated CGU, where the goodwill wholly arose on the acquisition of businesses comprised within the updated CGU. Where this is not possible, a relative value approach is taken to allocate goodwill to updated CGUs. Other intangible assets Other intangible assets identified in a business acquisition are capitalised at fair value as at the date of acquisition. Customer contracts and relationships are amortised over their useful lives based on the period of time over which they are anticipated to generate benefits. Other acquisition related intangibles include acquired software and technology, which are amortised over their useful lives. Software and development expenditure is capitalised as an intangible asset if the asset created can be identified, if it is probable that the asset created will generate future economic benefits and if the development cost of the asset can be measured reliably. Software and development expenditure includes internally generated intangible assets and is amortised over its useful life once it has been brought into use. Upfront configuration and customisation costs incurred in implementing Software as a Service (SaaS) arrangements are recognised as operating expenses when the services are received. Some of these costs incurred are for the development of software code that enhances or modifies, or creates additional capability to, existing on-premise systems and meets the definition of, and recognition criteria for, an intangible asset. These costs are recognised as intangible software assets and amortised over the useful life of the software on a straight-line basis. Following initial recognition, the carrying amount of an intangible asset is its cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are reviewed for impairment annually, or more frequently when there is an indication that they may be impaired. Amortisation expense is charged to administrative expenses in the consolidated income statement on a straight-line basis over its useful life as follows: Customer contracts and relationships 5\u201315 years Software and development expenditure 3\u201310 years Property, plant and equipment  Property, plant and equipment is stated at cost less accumulated depreciation and any impairment in value. Depreciation is charged so as to write off the  cost less expected residual value of the assets over their estimated useful lives and is calculated on a straight-line basis as follows: Land and buildings  50 years or lease term if shorter Plant and vehicles 3\u201310 years The Group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment  loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss. Where the  asset does not generate cash flows that are independent from other assets, management estimates the recoverable amount of the CGU to which the  asset belongs.  Recoverable amount is the higher of fair value less costs to sell and value-in-use. In assessing value-in-use, the estimated future cash flows are discounted to  their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for  which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to  its recoverable amount. An impairment loss is recognised as an expense immediately. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss  been recognised for the asset (or CGU) in prior years. A reversal of an impairment loss is recognised as income immediately. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "Goodwill  Goodwill arising on consolidation represents the excess of the cost of acquisition over the Group\u2019s interest in the fair value of the identifiable assets,  liabilities and contingent liabilities of a subsidiary at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated impairment losses. It is reviewed for impairment at least annually. Any impairment is recognised immediately in the consolidated income statement for the year and is not subsequently reversed. For the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units (CGUs) expected to benefit from the synergies of  the combination. CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the CGU is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in  the unit. On disposal of a subsidiary the attributable amount of goodwill is included in the determination of the profit or loss on disposal. When a business reorganisation results in changes to the composition of CGUs, goodwill is reallocated to updated CGUs. The goodwill allocated to a prior CGU is wholly reallocated to an updated CGU, where the goodwill wholly arose on the acquisition of businesses comprised within the updated CGU. Where this is not possible, a relative value approach is taken to allocate goodwill to updated CGUs. Other intangible assets Other intangible assets identified in a business acquisition are capitalised at fair value as at the date of acquisition. Customer contracts and relationships are amortised over their useful lives based on the period of time over which they are anticipated to generate benefits. Other acquisition related intangibles include acquired software and technology, which are amortised over their useful lives. Software and development expenditure is capitalised as an intangible asset if the asset created can be identified, if it is probable that the asset created will generate future economic benefits and if the development cost of the asset can be measured reliably. Software and development expenditure includes internally generated intangible assets and is amortised over its useful life once it has been brought into use. Upfront configuration and customisation costs incurred in implementing Software as a Service (SaaS) arrangements are recognised as operating expenses when the services are received. Some of these costs incurred are for the development of software code that enhances or modifies, or creates additional capability to, existing on-premise systems and meets the definition of, and recognition criteria for, an intangible asset. These costs are recognised as intangible software assets and amortised over the useful life of the software on a straight-line basis. Following initial recognition, the carrying amount of an intangible asset is its cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are reviewed for impairment annually, or more frequently when there is an indication that they may be impaired. Amortisation expense is charged to administrative expenses in the consolidated income statement on a straight-line basis over its useful life as follows: Customer contracts and relationships 5\u201315 years Software and development expenditure 3\u201310 years ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "Goodwill  Goodwill arising on consolidation represents the excess of the cost of acquisition over the Group\u2019s interest in the fair value of the identifiable assets,  liabilities and contingent liabilities of a subsidiary at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated impairment losses. It is reviewed for impairment at least annually. Any impairment is recognised immediately in the consolidated income statement for the year and is not subsequently reversed. For the purpose of impairment testing, goodwill is allocated to each of the Group\u2019s cash-generating units (CGUs) expected to benefit from the synergies of  the combination. CGUs to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the CGU is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in  the unit. On disposal of a subsidiary the attributable amount of goodwill is included in the determination of the profit or loss on disposal. When a business reorganisation results in changes to the composition of CGUs, goodwill is reallocated to updated CGUs. The goodwill allocated to a prior CGU is wholly reallocated to an updated CGU, where the goodwill wholly arose on the acquisition of businesses comprised within the updated CGU. Where this is not possible, a relative value approach is taken to allocate goodwill to updated CGUs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "Other intangible assets Other intangible assets identified in a business acquisition are capitalised at fair value as at the date of acquisition. Customer contracts and relationships are amortised over their useful lives based on the period of time over which they are anticipated to generate benefits. Other acquisition related intangibles include acquired software and technology, which are amortised over their useful lives. Software and development expenditure is capitalised as an intangible asset if the asset created can be identified, if it is probable that the asset created will generate future economic benefits and if the development cost of the asset can be measured reliably. Software and development expenditure includes internally generated intangible assets and is amortised over its useful life once it has been brought into use. Upfront configuration and customisation costs incurred in implementing Software as a Service (SaaS) arrangements are recognised as operating expenses when the services are received. Some of these costs incurred are for the development of software code that enhances or modifies, or creates additional capability to, existing on-premise systems and meets the definition of, and recognition criteria for, an intangible asset. These costs are recognised as intangible software assets and amortised over the useful life of the software on a straight-line basis. Following initial recognition, the carrying amount of an intangible asset is its cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are reviewed for impairment annually, or more frequently when there is an indication that they may be impaired. Amortisation expense is charged to administrative expenses in the consolidated income statement on a straight-line basis over its useful life as follows: Customer contracts and relationships 5\u201315 years Software and development expenditure 3\u201310 year",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-664": {
   "value": "Property, plant and equipment  Property, plant and equipment is stated at cost less accumulated depreciation and any impairment in value. Depreciation is charged so as to write off the  cost less expected residual value of the assets over their estimated useful lives and is calculated on a straight-line basis as follows: Land and buildings  50 years or lease term if shorter Plant and vehicles 3\u201310 year",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "Property, plant and equipment Property, plant and equipment is stated at cost less accumulated depreciation and any impairment in value. Depreciation is charged so as to write off the cost less expected residual value of the assets over their estimated useful lives and is calculated on a straight-line basis as follows: Land and buildings  50 years or lease term if shorter Plant and vehicles 3\u201310 years The Group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss. Where the asset does not generate cash flows that are independent from other assets, management estimates the recoverable amount of the CGU to which the  asset belongs. Recoverable amount is the higher of fair value less costs to sell and value-in-use. In assessing value-in-use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss  been recognised for the asset (or CGU) in prior years. A reversal of an impairment loss is recognised as income immediately. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "Inventories Inventories are stated at the lower of cost and net realisable value and are mainly consumables in nature. Costs represent materials, direct labour and overheads incurred in bringing the inventories to their present condition and location. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and estimated selling costs. Provision is made for obsolete, slow moving or defective items where appropriate. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-693": {
   "value": "Financial instruments \u2013 classification and measurement Financial assets and financial liabilities are recognised on the Group\u2019s balance sheet when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises financial assets and liabilities only when the contractual rights and obligations are transferred, discharged or expire. Financial assets comprise cash and cash equivalents, trade and other receivables from customers, derivative financial instruments and contingent consideration receivable. The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. Cash and cash equivalents include cash in hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Cash where access is constrained is classified as restricted cash. Bank transactions are recorded on their settlement date. All of the Group\u2019s cash flows from customers are solely payments of principal and interest, and do not contain a significant financing component. Financial assets generated from all of the Group\u2019s revenue streams are therefore initially measured at their transaction price and are subsequently remeasured at amortised cost. Financial liabilities comprise trade and other payables, financing liabilities and contingent consideration payable. These are measured at initial recognition at fair value and subsequently at amortised cost, with the exception of contingent consideration payable which is measured at fair value through profit or loss. Financing liabilities are stated at the amount of the net proceeds after deduction of transaction costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the consolidated income statement. Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue costs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-665": {
   "value": "Financial instruments \u2013 classification and measurement Financial assets and financial liabilities are recognised on the Group\u2019s balance sheet when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises financial assets and liabilities only when the contractual rights and obligations are transferred, discharged or expire. Financial assets comprise cash and cash equivalents, trade and other receivables from customers, derivative financial instruments and contingent consideration receivable. The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "Financial instruments \u2013 classification and measurement Financial assets and financial liabilities are recognised on the Group\u2019s balance sheet when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises financial assets and liabilities only when the contractual rights and obligations are transferred, discharged or expire. Financial assets comprise cash and cash equivalents, trade and other receivables from customers, derivative financial instruments and contingent consideration receivable. The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. Cash and cash equivalents include cash in hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Cash where access is constrained is classified as restricted cash. Bank transactions are recorded on their settlement date. All of the Group\u2019s cash flows from customers are solely payments of principal and interest, and do not contain a significant financing component. Financial assets generated from all of the Group\u2019s revenue streams are therefore initially measured at their transaction price and are subsequently remeasured at amortised cost. Financial liabilities comprise trade and other payables, financing liabilities and contingent consideration payable. These are measured at initial recognition at fair value and subsequently at amortised cost, with the exception of contingent consideration payable which is measured at fair value through profit or loss. Financing liabilities are stated at the amount of the net proceeds after deduction of transaction costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the consolidated income statement. Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue costs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-687": {
   "value": "Financial instruments \u2013 classification and measurement Financial liabilities comprise trade and other payables, financing liabilities and contingent consideration payable. These are measured at initial recognition at fair value and subsequently at amortised cost, with the exception of contingent consideration payable which is measured at fair value through profit or loss. Financing liabilities are stated at the amount of the net proceeds after deduction of transaction costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the consolidated income statement",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-698": {
   "value": "Financial instruments \u2013 classification and measurement Cash and cash equivalents include cash in hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Cash where access is constrained is classified as restricted cash. Bank transactions are recorded on their settlement date. All of the Group\u2019s cash flows from customers are solely payments of principal and interest, and do not contain a significant financing component. Financial assets generated from all of the Group\u2019s revenue streams are therefore initially measured at their transaction price and are subsequently remeasured at amortised cost. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "Cash and cash equivalents include cash in hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Cash where access is constrained is classified as restricted cash. Bank transactions are recorded on their settlement date. All of the Group\u2019s cash flows from customers are solely payments of principal and interest, and do not contain a significant financing component. Financial assets generated from all of the Group\u2019s revenue streams are therefore initially measured at their transaction price and are subsequently remeasured at amortised cost. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "Financial liabilities comprise trade and other payables, financing liabilities and contingent consideration payable. These are measured at initial recognition at fair value and subsequently at amortised cost, with the exception of contingent consideration payable which is measured at fair value through profit or loss. Financing liabilities are stated at the amount of the net proceeds after deduction of transaction costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the consolidated income statement",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "Invoice discounting The Group used a non-recourse customer invoice discounting facility (CID facility) under which certain trade receivable balances were sold to the Group\u2019s relationship banks. The arrangement with the banks was such that customers remitted cash directly to the Group and the Group transferred the collected amounts to the banks. The trade receivables were sold without recourse to the Group, and therefore the trade receivable balance was derecognised from the Group\u2019s balance sheet at the point of sale to the bank. This facility was closed during the year ended 31 March 2023 and all amounts have been settled. ",
   "dimensions": {
    "concept": "mitiegroupplc:DescriptionOfAccountingPolicyForInvoiceDiscounting",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "Financial instruments \u2013 impairment of financial assets The Group recognises a loss allowance for expected credit losses (ECLs) on all receivable balances from customers measured at amortised cost using the simplified approach. Under this approach, the Group recognises a loss allowance based on lifetime ECLs at each reporting date. ECLs are calculated on the basis of historical credit loss experience, adjusted for forward-looking factors that incorporate macroeconomic conditions, for example changes in interest rates and inflation, and applied to customers with common risk characteristics, such as sector type (e.g. government or non-government). For other receivables, ECLs are measured using those expected to arise in the 12 months subsequent to the balance sheet date. For cash and cash equivalents, the Group does not currently anticipate any future credit losses given the high-quality credit rating of the financial institutions with which balances are held. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-694": {
   "value": "Derivative financial instruments and hedge accounting The Group uses derivative financial instruments, including cross-currency interest rate swaps and forward foreign exchange contracts, to manage the Group\u2019s exposure to financial risks associated with interest rates and foreign exchange. Derivative financial instruments are initially recognised at fair value at the date the derivative contract is entered into and are subsequently remeasured to their fair value, determined by reference to market rates, at each balance sheet date and included as financial assets or liabilities as appropriate. The resulting gain or loss is recognised in the consolidated income statement immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in the consolidated income statement depends on the nature of the hedge relationship. The Group presents derivative financial instruments as a non-current asset or a non-current liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Derivatives, which are set to mature or are expected to be realised or settled within 12 months, are presented as current assets or current liabilities. The Group may designate certain hedging instruments including derivatives as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. On adoption of IFRS 9, the Group elected to continue to apply the hedge accounting guidance in IAS 39 Financial Instruments: Recognition and Measurement. At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument that is used in a hedging relationship is highly effective in offsetting changes in fair values or cash flows of the hedged item. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-688": {
   "value": "Derivative financial instruments and hedge accounting The Group uses derivative financial instruments, including cross-currency interest rate swaps and forward foreign exchange contracts, to manage the Group\u2019s exposure to financial risks associated with interest rates and foreign exchange. Derivative financial instruments are initially recognised at fair value at the date the derivative contract is entered into and are subsequently remeasured to their fair value, determined by reference to market rates, at each balance sheet date and included as financial assets or liabilities as appropriate. The resulting gain or loss is recognised in the consolidated income statement immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in the consolidated income statement depends on the nature of the hedge relationship. The Group presents derivative financial instruments as a non-current asset or a non-current liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Derivatives, which are set to mature or are expected to be realised or settled within 12 months, are presented as current assets or current liabilities. The Group may designate certain hedging instruments including derivatives as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. On adoption of IFRS 9, the Group elected to continue to apply the hedge accounting guidance in IAS 39 Financial Instruments: Recognition and Measurement. At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument that is used in a hedging relationship is highly effective in offsetting changes in fair values or cash flows of the hedged item. Cash flow hedges Hedges are classified as cash flow hedges when they hedge the exposure to changes in cash flows that are attributable to a particular risk associated with either a recognised asset or liability or a forecast transaction. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognised in other comprehensive income and accumulated in equity within the Group\u2019s translation and hedging reserve. The gain or loss relating to any ineffective portion is recognised immediately in the consolidated income statement. Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to the consolidated income statement in the periods when the hedged item is recognised in the consolidated income statement, in the same line as the recognised hedged item. However, when the forecast transaction that is hedged results in the recognition of a non-financial asset or a non-financial liability, the gains and losses previously accumulated in equity are transferred from equity and included in the initial measurement of the cost of the non-financial asset or non-financial liability. Hedge accounting is discontinued when the Group revokes the hedging relationship, the hedging instrument expires or is sold, terminated, exercised, or no longer qualifies for hedge accounting. Any gain or loss recognised in other comprehensive income at that time is accumulated in equity and is recognised when the forecast transaction is ultimately recognised in the consolidated income statement. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognised immediately in the consolidated income statement. Hedges of net investments in foreign operations Hedges are classified as net investment hedges when they hedge the foreign currency exposure to changes in the Group\u2019s share in the net assets of a foreign operation. Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income and accumulated in the Group\u2019s translation and hedging reserve. The gain or loss relating to any ineffective portion is recognised immediately in the consolidated income statement. Gains or losses on  the hedging instrument relating to the effective portion of the hedge accumulated in equity are reclassified to the consolidated income statement in the same way as exchange differences relating to the foreign operation. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-666": {
   "value": "Derivative financial instruments and hedge accounting The Group uses derivative financial instruments, including cross-currency interest rate swaps and forward foreign exchange contracts, to manage the Group\u2019s exposure to financial risks associated with interest rates and foreign exchange. Derivative financial instruments are initially recognised at fair value at the date the derivative contract is entered into and are subsequently remeasured to their fair value, determined by reference to market rates, at each balance sheet date and included as financial assets or liabilities as appropriate. The resulting gain or loss is recognised in the consolidated income statement immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in the consolidated income statement depends on the nature of the hedge relationship. The Group presents derivative financial instruments as a non-current asset or a non-current liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Derivatives, which are set to mature or are expected to be realised or settled within 12 months, are presented as current assets or current liabilities. The Group may designate certain hedging instruments including derivatives as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. On adoption of IFRS 9, the Group elected to continue to apply the hedge accounting guidance in IAS 39 Financial Instruments: Recognition and Measurement. At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument that is used in a hedging relationship is highly effective in offsetting changes in fair values or cash flows of the hedged item. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "Derivative financial instruments and hedge accounting The Group uses derivative financial instruments, including cross-currency interest rate swaps and forward foreign exchange contracts, to manage the Group\u2019s exposure to financial risks associated with interest rates and foreign exchange. Derivative financial instruments are initially recognised at fair value at the date the derivative contract is entered into and are subsequently remeasured to their fair value, determined by reference to market rates, at each balance sheet date and included as financial assets or liabilities as appropriate. The resulting gain or loss is recognised in the consolidated income statement immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in the consolidated income statement depends on the nature of the hedge relationship. The Group presents derivative financial instruments as a non-current asset or a non-current liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Derivatives, which are set to mature or are expected to be realised or settled within 12 months, are presented as current assets or current liabilities. The Group may designate certain hedging instruments including derivatives as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. On adoption of IFRS 9, the Group elected to continue to apply the hedge accounting guidance in IAS 39 Financial Instruments: Recognition and Measurement. At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument that is used in a hedging relationship is highly effective in offsetting changes in fair values or cash flows of the hedged item. Cash flow hedges Hedges are classified as cash flow hedges when they hedge the exposure to changes in cash flows that are attributable to a particular risk associated with either a recognised asset or liability or a forecast transaction. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognised in other comprehensive income and accumulated in equity within the Group\u2019s translation and hedging reserve. The gain or loss relating to any ineffective portion is recognised immediately in the consolidated income statement. Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to the consolidated income statement in the periods when the hedged item is recognised in the consolidated income statement, in the same line as the recognised hedged item. However, when the forecast transaction that is hedged results in the recognition of a non-financial asset or a non-financial liability, the gains and losses previously accumulated in equity are transferred from equity and included in the initial measurement of the cost of the non-financial asset or non-financial liability. Hedge accounting is discontinued when the Group revokes the hedging relationship, the hedging instrument expires or is sold, terminated, exercised, or no longer qualifies for hedge accounting. Any gain or loss recognised in other comprehensive income at that time is accumulated in equity and is recognised when the forecast transaction is ultimately recognised in the consolidated income statement. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognised immediately in the consolidated income statement. Hedges of net investments in foreign operations Hedges are classified as net investment hedges when they hedge the foreign currency exposure to changes in the Group\u2019s share in the net assets of a foreign operation. Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income and accumulated in the Group\u2019s translation and hedging reserve. The gain or loss relating to any ineffective portion is recognised immediately in the consolidated income statement. Gains or losses on  the hedging instrument relating to the effective portion of the hedge accumulated in equity are reclassified to the consolidated income statement in the same way as exchange differences relating to the foreign operation. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "Leases The Group has various lease arrangements for properties (e.g. office buildings and storage facilities), vehicles and other equipment, including IT equipment and machinery. At inception of a lease contract, the Group assesses whether the contract conveys the right to control the use of an identified asset for a certain period of time and whether it obtains substantially all the economic benefits from the use of that asset, in exchange for consideration. The Group recognises a lease liability and a corresponding right-of-use asset with respect to all lease arrangements in which it is a lessee, except low-value leases  and short-term leases of 12 months or less, costs for which are recognised as an operating expense within the consolidated income statement as they  are incurred. A right-of-use asset is capitalised on the consolidated balance sheet at cost which comprises the present value of future lease payments determined at  the inception of the lease adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred in addition to an estimate of costs to remove or restore the underlying asset. Where a lease incentive is receivable, the amount is offset against the right-of-use asset  at inception. Right-of-use assets are depreciated using the straight-line method over the shorter of the estimated life of the asset or the lease term and  are reviewed for impairment to account for any loss when events or changes in circumstances indicate the carrying value may not be fully recoverable. The lease liability is initially measured at amortised cost using the effective interest rate method to calculate the present value of future lease payments and is subsequently increased by the associated interest cost and decreased by lease payments made. The effective interest rate is based on the rate implicit  in the lease or, where not available, the incremental borrowing rate. Lease payments made are apportioned between a capital repayment amount and an interest charge, which are disclosed within the financing and operating activities sections of the consolidated statement of cash flows respectively. Lease payments comprise fixed lease rental payments only, with the exception of property leases for which the associated fixed service charge is also included. Lease liabilities are classified between current and non-current on the consolidated balance sheet. The lease term comprises the non-cancellable period in addition to the determination of the enforceable period which is covered by an option to extend the lease, where it is reasonably certain that the option will be exercised, and the period covered by the option to terminate the lease to a point in time where no more than an \u2018insignificant penalty\u2019 is incurred. The Group assesses an insignificant penalty with reference to the wider economics of the lease, including any investment in non-transferable leasehold improvements which may result in an impairment charge should the lease be terminated. A modification to a lease which changes the lease payment amount (e.g. due to a renegotiation or market rent review) or amends the term of the lease results in a reassessment of the lease liability with a corresponding adjustment to the right-of-use asset",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "Provisions and contingent liabilities  Provisions have been made for contract specific costs, onerous contracts, insurance exposures, legal claims, other property related commitments including dilapidations and pension related provisions which primarily relate to Section 75 employer debt liabilities. Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow  of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.  Where management expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognised  as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated income  statement net of any reimbursement. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost. Contract specific cost provisions are made when the Group expects to incur future remedial and rectification costs required to meet customers\u2019  contractual terms. Costs are estimated using either the work of external consultants or internal experts. The amount recognised as a provision represents management\u2019s best estimate and is inherently uncertain and could change materially over time. The provision is reviewed at least on a biannual basis for  changes in cost estimate. Any change in cost estimate is recognised as a charge or a release to the provision when it occurs. The insurance reserve relates to employers\u2019 and motor and fleet liabilities retained in the Group\u2019s self-insurance arrangement. The insurance reserve  includes the full estimated value of the liability, gross of amounts expected to be recovered from the Group\u2019s insurer. Any related insurance reimbursement  asset that is virtually certain to be received is separately presented gross within trade and other receivables on the consolidated balance sheet. No provisions are recognised and only a disclosure in the financial statements is made for contingent liabilities. Contingent liabilities are possible obligations  dependent on whether some uncertain future event occurs, or where a present obligation exists but an outflow of resources is not probable, or the  amount of the obligation cannot be measured reliably. Onerous contracts Onerous contract provisions (OCPs) arise when the unavoidable costs of meeting contractual obligations exceed the remuneration expected to be received. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is lower of the cost of fulfilling a contract  and any compensation or penalties arising from failure to fulfil it. The cost of fulfilling a contract comprises both incremental costs and an allocation of  other direct costs related to contract activities. Where a customer has an option to extend a contract and it is likely that such an extension will be made, the expected net cost arising during the extension period is included within the calculation. However, where a profit can be reasonably expected in the extension period, no credit is taken on  the basis that such profits are uncertain given the potential for the customer to either not extend or offer an extension under lower pricing terms. Contingent assets No assets are recognised and only a disclosure in the financial statements is made for contingent assets where an inflow of economic benefits is probable but not virtually certain. Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "Provisions and contingent liabilities Provisions have been made for contract specific costs, onerous contracts, insurance exposures, legal claims, other property related commitments including dilapidations and pension related provisions which primarily relate to Section 75 employer debt liabilities. Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow  of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where management expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognised  as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated income statement net of any reimbursement. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost. Contract specific cost provisions are made when the Group expects to incur future remedial and rectification costs required to meet customers\u2019 contractual terms. Costs are estimated using either the work of external consultants or internal experts. The amount recognised as a provision represents management\u2019s best estimate and is inherently uncertain and could change materially over time. The provision is reviewed at least on a biannual basis for changes in cost estimate. Any change in cost estimate is recognised as a charge or a release to the provision when it occurs. The insurance reserve relates to employers\u2019 and motor and fleet liabilities retained in the Group\u2019s self-insurance arrangement. The insurance reserve includes the full estimated value of the liability, gross of amounts expected to be recovered from the Group\u2019s insurer. Any related insurance reimbursement asset that is virtually certain to be received is separately presented gross within trade and other receivables on the consolidated balance sheet. No provisions are recognised and only a disclosure in the financial statements is made for contingent liabilities. Contingent liabilities are possible obligations dependent on whether some uncertain future event occurs, or where a present obligation exists but an outflow of resources is not probable, or the amount of the obligation cannot be measured reliably. Onerous contracts Onerous contract provisions (OCPs) arise when the unavoidable costs of meeting contractual obligations exceed the remuneration expected to be received. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is lower of the cost of fulfilling a contract  and any compensation or penalties arising from failure to fulfil it. The cost of fulfilling a contract comprises both incremental costs and an allocation of  other direct costs related to contract activities. Where a customer has an option to extend a contract and it is likely that such an extension will be made, the expected net cost arising during the extension period is included within the calculation. However, where a profit can be reasonably expected in the extension period, no credit is taken on  the basis that such profits are uncertain given the potential for the customer to either not extend or offer an extension under lower pricing terms. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "Share-based payments The Group operates a number of executive and employee share option schemes. Equity-settled share-based payments to employees are measured at  the fair value of the equity instruments at the grant date. The fair value excludes the effect of non-market based vesting conditions. For grants of share options and awards, the fair value as at the date of grant is calculated using the Black-Scholes model or the share price at grant date, and the corresponding expense is recognised on a straight-line basis over the vesting period based on management\u2019s estimate of shares that will eventually vest. At each balance sheet date, the Group revises its estimate of the number of equity instruments expected to vest as a result of the effect of non-market based vesting conditions. Save As You Earn (SAYE) options are treated as cancelled when employees cease to contribute to the scheme, resulting in an acceleration  of the remainder of the related expense. The own shares reserve in equity includes the shares owned by the Employee Benefit Trust and treasury shares. When shares are transferred to employees upon exercise of options and awards, the own shares reserve is reduced by the relevant cost or value. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-680": {
   "value": "The own shares reserve in equity includes the shares owned by the Employee Benefit Trust and treasury shares. When shares are transferred to employees upon exercise of options and awards, the own shares reserve is reduced by the relevant cost or value. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "Retiremen<span class=\"_ _3\"></span>t benefit<span class=\"_ _3\"></span> costs<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r all qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>and s<span class=\"_ _2\"></span>takeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s are ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ense a<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>ated s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice is pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>ed.<span class=\"_ _0\"></span> In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tes in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. In res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the sche<span class=\"_ _0\"></span>mes i<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>kes cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Admi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tus to cli<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s\u2019 defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of cer<span class=\"_ _2\"></span>tain e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees w<span class=\"_ _0\"></span>ho tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsferr<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span> T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of Unde<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (Pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of Emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) Reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s 200<span class=\"_ _0\"></span>6 (<span class=\"_ _0\"></span>TU<span class=\"_ _0\"></span>PE), th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s leg<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>nd cons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span> per<span class=\"_ _0\"></span>iod of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n whi<span class=\"_ _0\"></span>ch is for a fixed pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d onl<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>For th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of prov<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the pr<span class=\"_ _0\"></span>ojec<span class=\"_ _2\"></span>ted uni<span class=\"_ _0\"></span>t cred<span class=\"_ _0\"></span>it m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t at ea<span class=\"_ _0\"></span>ch ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te by qua<span class=\"_ _0\"></span>lifie<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial g<span class=\"_ _0\"></span>ains a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>turn o<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>exclu<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t) and th<span class=\"_ _0\"></span>e effec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g (if a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of comp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve incom<span class=\"_ _0\"></span>e in <span class=\"ls4\"> </span>the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey occ<span class=\"_ _0\"></span>ur<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span>Defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _2\"></span>tail<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts) are recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, in ad<span class=\"_ _0\"></span>minis<span class=\"_ _2\"></span>trat<span class=\"_ _0\"></span>ive ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hile th<span class=\"_ _0\"></span>e net<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in fina<span class=\"_ _0\"></span>nce cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s net liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y for each sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e by es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of fu<span class=\"_ _0\"></span>ture b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s have ea<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unt u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t yie<span class=\"_ _0\"></span>ld on a hi<span class=\"_ _0\"></span>gh-<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue of any s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>s in a p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t for the G<span class=\"_ _0\"></span>roup, th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of econ<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>aila<span class=\"_ _0\"></span>ble i<span class=\"_ _0\"></span>n the form of a<span class=\"_ _0\"></span>ny futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s the u<span class=\"_ _0\"></span>ncond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l rig<span class=\"_ _0\"></span>ht to th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus o<span class=\"_ _0\"></span>r red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>re adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x, w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>tes in four m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. For t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s share of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>s minim<span class=\"_ _0\"></span>al. T<span class=\"_ _0\"></span>he four<span class=\"_ _2\"></span>th sche<span class=\"_ _0\"></span>me is th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>g &amp; Mech<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Ser<span class=\"_ _2\"></span>vices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Indu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>), a funded m<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ti-<span class=\"_ _332\"> </span>emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>as foun<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n 1<span class=\"_ _15\"></span>975 and to da<span class=\"_ _0\"></span>te ha<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d over 4,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span>s iss<span class=\"_ _0\"></span>ued S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>ices in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e FM Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _3\"></span>refer to Note<span class=\"_ _0\"></span>s 2<span class=\"_ _15\"></span>1 a<span class=\"_ _0\"></span>nd 32<span class=\"_ _15\"></span>). A<span class=\"_ _0\"></span>noth<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p compa<span class=\"_ _0\"></span>ny<span class=\"_ _3\"></span>, Mi<span class=\"_ _0\"></span>tie P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>g Sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s as i<span class=\"_ _0\"></span>f they we<span class=\"_ _0\"></span>re pa<span class=\"_ _0\"></span>id to a de<span class=\"_ _0\"></span>fined co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. For s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>here s<span class=\"_ _0\"></span>uffici<span class=\"_ _0\"></span>ent infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion is n<span class=\"_ _0\"></span>ot ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le to <span class=\"ls4\"> </span>use d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, no li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, however<span class=\"_ _3\"></span>, the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ngen<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>in No<span class=\"_ _0\"></span>te 3<span class=\"_ _3\"></span>3.<span class=\"_ _332\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "Dividends Interim dividends are recognised when they are paid and final dividends are recognised as a liability when authorised in a general meeting by shareholders. Dividend income, including from joint ventures and associates, is recognised on receipt. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gsf2\">2<span class=\"_ _0\"></span>. Critical accountin<span class=\"_ _3\"></span>g judgements and ke<span class=\"_ _3\"></span>y sourc<span class=\"_ _3\"></span>es of es<span class=\"_ _0\"></span>timation un<span class=\"_ _3\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf3\">The p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _2\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S req<span class=\"_ _0\"></span>uires m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to make j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>hat affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf4\">am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised for a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t the re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s of reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf5\">Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s may d<span class=\"_ _0\"></span>iffer from t<span class=\"_ _0\"></span>hese j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gsf6\">Critica<span class=\"_ _0\"></span>l judgements in apply<span class=\"_ _0\"></span>ing the Group\u2019<span class=\"_ _15\"></span>s accounting policies<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsf7\">The follow<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>re the c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>de by ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cess of a<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>ave the m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs1cd\">effect on the<span class=\"_ _3\"></span> amounts recognised<span class=\"_ _3\"></span> in the Group<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>s financial<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tements.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls1c ws71 gsf9\">Revenue recog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfa\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s revenue re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion po<span class=\"_ _0\"></span>licie<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t un<span class=\"_ _0\"></span>der Reve<span class=\"_ _0\"></span>nue r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion in N<span class=\"_ _0\"></span>ote 1, are cent<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l to how th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s the wo<span class=\"_ _0\"></span>rk i<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfb\">per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med in e<span class=\"_ _0\"></span>ach fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ce\">Du<span class=\"_ _0\"></span>e to the si<span class=\"_ _0\"></span>ze and co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to form a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of key judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfd\">am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o record<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d rela<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms such a<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, accr<span class=\"_ _0\"></span>ued i<span class=\"_ _0\"></span>ncome a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d incom<span class=\"_ _0\"></span>e to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsfe\">Thi<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>des a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs to d<span class=\"_ _0\"></span>eli<span class=\"_ _0\"></span>ver th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l commi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>uch cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsff\">or c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re inhe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve and m<span class=\"_ _0\"></span>ay cover fut<span class=\"_ _0\"></span>ure eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s the a<span class=\"_ _0\"></span>chieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs100\">pla<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s or dis<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs101\">So<span class=\"_ _0\"></span>me of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g PFI cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s the ex<span class=\"_ _2\"></span>tent to w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e is </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs102\">recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. Fo<span class=\"_ _0\"></span>r cer<span class=\"_ _2\"></span>tain con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, key judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e on wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t is cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red hi<span class=\"_ _0\"></span>ghl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t a sign<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t rever<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of reve<span class=\"_ _0\"></span>nue w<span class=\"_ _0\"></span>ill not<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1cf\">occur w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on is su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y reso<span class=\"_ _0\"></span>lved<span class=\"_ _0\"></span>. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls4 ws5c gs104\">Profit before Ot<span class=\"_ _0\"></span>her items </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>tems of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>hich m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t beli<span class=\"_ _0\"></span>eves sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ly id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e face of the in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t in </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d1\">und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce achie<span class=\"_ _0\"></span>ved by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. D<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>tem sh<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fied w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>thin O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d2\">jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s to w<span class=\"_ _0\"></span>het<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>tem is o<span class=\"_ _0\"></span>r is not p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>. Ref<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r to Note 1, which d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s acco<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d3\">poli<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ite<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d4\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x of \u00a3<span class=\"_ _0\"></span>36.9m were cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed (2022: \u00a3<span class=\"_ _0\"></span>79<span class=\"_ _3\"></span>.8<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) to th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted in<span class=\"_ _0\"></span>come s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt for the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023. In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d5\">the n<span class=\"_ _0\"></span>et cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e were ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>es in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the i<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e digi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er pla<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rm of \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>8m w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span>, in ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt\u2019s jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, is a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d6\">prog<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>ing a s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>p cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s suppli<span class=\"_ _0\"></span>er cha<span class=\"_ _0\"></span>in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>refore mee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to be c<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gor<span class=\"_ _0\"></span>ised<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d7\">as O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>. A com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>te an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>sis of th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms is de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d in No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs1d8\">Recove<span class=\"_ _3\"></span>rabilit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> trade receivables<span class=\"_ _3\"></span> and accrued<span class=\"_ _3\"></span> income<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1d9\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of bille<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unbil<span class=\"_ _0\"></span>led wo<span class=\"_ _0\"></span>rk ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023. Rece<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly a<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t (be<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10e\">fair v<span class=\"_ _0\"></span>alue) and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised cos<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ess a<span class=\"_ _0\"></span>ny allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _3\"></span>or i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, to e<span class=\"_ _0\"></span>nsure t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t the re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs10f\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce for expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s (ECL<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) on al<span class=\"_ _0\"></span>l recei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nces from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs u<span class=\"_ _0\"></span>sing a li<span class=\"_ _0\"></span>fetime cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch an<span class=\"_ _0\"></span>d </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs110\">inclu<span class=\"_ _0\"></span>des s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ific all<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>nce for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ere is ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nce th<span class=\"_ _0\"></span>at th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>le to colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>ue from cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs111\">ini<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l recog<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>es jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n spe<span class=\"_ _0\"></span>cific a<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>or i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n the i<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ting d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs112\">inclu<span class=\"_ _0\"></span>des i<span class=\"_ _0\"></span>nf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of the fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion of cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs113\">IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _3\"></span>6 \u2013 D<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m of co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>enewa<span class=\"_ _0\"></span>l and t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ons<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs114\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncella<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e, to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h any pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds cover<span class=\"_ _0\"></span>ed by an o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to ex<span class=\"_ _2\"></span>tend th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>f it is<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs115\">rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in to be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d, or a<span class=\"_ _0\"></span>ny per<span class=\"_ _0\"></span>iod cove<span class=\"_ _0\"></span>red by a<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion to te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>te the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se if i<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain n<span class=\"_ _0\"></span>ot to be e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1da\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s seve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l lea<span class=\"_ _0\"></span>se co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts tha<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsion a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>plies j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in ev<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>t is </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1db\">rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in the o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on to re<span class=\"_ _0\"></span>new or te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>e the le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se wil<span class=\"_ _0\"></span>l be exerc<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>r not<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>at is<span class=\"_ _0\"></span>, i<span class=\"_ _0\"></span>t consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s all r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at cre<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>n econ<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs118\">incen<span class=\"_ _0\"></span>tive for th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up to exe<span class=\"_ _0\"></span>rcise ei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he ren<span class=\"_ _0\"></span>ewa<span class=\"_ _0\"></span>l or te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ceme<span class=\"_ _0\"></span>nt da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p rea<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se te<span class=\"_ _0\"></span>rm i<span class=\"_ _0\"></span>f <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs119\">the<span class=\"_ _0\"></span>re is a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt even<span class=\"_ _0\"></span>t or cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n circum<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nces t<span class=\"_ _0\"></span>hat i<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol a<span class=\"_ _0\"></span>nd affec<span class=\"_ _2\"></span>ts it<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to exercis<span class=\"_ _0\"></span>e or no<span class=\"_ _0\"></span>t to exercis<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to ren<span class=\"_ _0\"></span>ew <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1dc\">or to te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>nate t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs11b\">La<span class=\"_ _0\"></span>ndma<span class=\"_ _0\"></span>rc j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt vent<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11c\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up hol<span class=\"_ _0\"></span>ds 5<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>% of th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares i<span class=\"_ _0\"></span>n L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted (L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>marc)<span class=\"_ _3\"></span>, a jo<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>ly cont<span class=\"_ _0\"></span>roll<span class=\"_ _0\"></span>ed en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. Th<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ainin<span class=\"_ _0\"></span>g 49% of the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs11d\">sha<span class=\"_ _0\"></span>res in L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc a<span class=\"_ _0\"></span>re he<span class=\"_ _0\"></span>ld by a sing<span class=\"_ _0\"></span>le thi<span class=\"_ _0\"></span>rd pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Mana<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc to b<span class=\"_ _0\"></span>e a joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture d<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ite t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>aving m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y votin<span class=\"_ _0\"></span>g rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1dd\">Thi<span class=\"_ _0\"></span>s is bec<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>se, u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>s of the sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, join<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e oth<span class=\"_ _0\"></span>er pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>ty to pa<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>esol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions for all s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1de\">ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>ccordin<span class=\"_ _0\"></span>gly, the Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rol L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc an<span class=\"_ _0\"></span>d doe<span class=\"_ _0\"></span>s not re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ise i<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s a subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs120\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up accou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for it<span class=\"_ _0\"></span>s inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc usin<span class=\"_ _0\"></span>g the e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. S<span class=\"_ _0\"></span>ee No<span class=\"_ _0\"></span>te 1<span class=\"_ _15\"></span>5.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs1df\">Key sourc<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e0\">The key a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns conce<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>g the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>at have a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>isk of c<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ng a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e1\">the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>usse<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs1e2\">Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e3\">The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us of i<span class=\"_ _0\"></span>ts su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, from time t<span class=\"_ _0\"></span>o time<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ims t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re in th<span class=\"_ _0\"></span>e ordi<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs126\">Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r thes<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ng </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs127\">in a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n or<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely, whet<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>tems m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e4\">Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in tim<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt a<span class=\"_ _0\"></span>nd, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re, in m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing a r<span class=\"_ _0\"></span>elia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te of th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>ntum a<span class=\"_ _0\"></span>nd ti<span class=\"_ _0\"></span>ming of li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs129\">app<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>.4m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>0m)<span class=\"_ _3\"></span>. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs12a\">inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 2<span class=\"_ _3\"></span>1<span class=\"_ _332\"> </span><span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls32 ws60 gs1e6\">Onerous contrac<span class=\"_ _0\"></span>t provisions<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e7\">On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a3<span class=\"_ _15\"></span>10.<span class=\"_ _0\"></span>5m have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>ese pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>se on t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws26 gs1e8\">Interserve.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1e9\">On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>vel at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te. D<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue of<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ea\">one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t provisio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd comp<span class=\"_ _0\"></span>lex j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o be ma<span class=\"_ _0\"></span>de ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>vel </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1eb\">of uncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>es mad<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, or i<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n bo<span class=\"_ _0\"></span>oked<span class=\"_ _0\"></span>, is linke<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs1ec\">complexit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> the underly<span class=\"_ _0\"></span>ing c<span class=\"_ _3\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ed\">The m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r sou<span class=\"_ _0\"></span>rces of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to boo<span class=\"_ _0\"></span>k are:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ee\">\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of accur<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>y in fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g futu<span class=\"_ _0\"></span>re va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t;<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ef\">\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r impr<span class=\"_ _0\"></span>ove ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance to e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re in line w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>evels<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f0\">spe<span class=\"_ _0\"></span>cific key p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>rs (K<span class=\"_ _0\"></span>PIs<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f1\">\u2022 <span class=\"_ _5\"> </span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>ves t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e in ter<span class=\"_ _0\"></span>ms of ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd sc<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f2\">\u2022 <span class=\"_ _5\"> </span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e reso<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tion of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t specific d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>od of incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gs1f3\">reactive work. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f4\">The r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ju<span class=\"_ _0\"></span>dgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ade to d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f5\">prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns could r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d hen<span class=\"_ _0\"></span>ce, on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f6\">T<span class=\"_ _15\"></span>o mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rly co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ious forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re the o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f7\">and co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s if rev<span class=\"_ _0\"></span>ised j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f8\">The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>irin<span class=\"_ _0\"></span>g an on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1f9\">were p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor so<span class=\"_ _0\"></span>urces of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, a<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te a pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1fa\">ra<span class=\"_ _0\"></span>nge of fu<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ing from a re<span class=\"_ _0\"></span>duc<span class=\"_ _2\"></span>tion in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision of u<span class=\"_ _0\"></span>p to \u00a35m t<span class=\"_ _0\"></span>o a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se of u<span class=\"_ _0\"></span>p </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1fb\">to \u00a3<span class=\"_ _15\"></span>10m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1fc\">An o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t bee<span class=\"_ _0\"></span>n recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on a ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which ma<span class=\"_ _0\"></span>de a lo<span class=\"_ _0\"></span>ss of \u00a38.4m in t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a38<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1fd\">and h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s 1<span class=\"_ _15\"></span>8 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing on t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, and a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>led tu<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd pla<span class=\"_ _0\"></span>n is in th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1fe\">pro<span class=\"_ _0\"></span>cess of be<span class=\"_ _0\"></span>ing im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e pla<span class=\"_ _0\"></span>n, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>ownsi<span class=\"_ _0\"></span>de sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>ill re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n to profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs1ff\">in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2026 and wil<span class=\"_ _0\"></span>l record a c<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve profi<span class=\"_ _0\"></span>t for the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls28 ws9 gs200\">Other contract<span class=\"_ _3\"></span> specific provisions<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs201\">In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion to t<span class=\"_ _0\"></span>he on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _0\"></span>38.8<span class=\"_ _0\"></span>m of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>). <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs202\">The<span class=\"_ _0\"></span>se have b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily to cove<span class=\"_ _0\"></span>r cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ired to m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs203\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l, \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>4.7m relate<span class=\"_ _0\"></span>s to a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to a com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs204\">sou<span class=\"_ _0\"></span>ght e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>ssis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve\u2019s acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion to v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>his </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs205\">as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ay differ from t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 due t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pou<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g effec<span class=\"_ _0\"></span>t of m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs206\">va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icula<span class=\"_ _0\"></span>r issu<span class=\"_ _0\"></span>es invol<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s bes<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te. M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs207\">consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at to th<span class=\"_ _0\"></span>e ex<span class=\"_ _2\"></span>tent tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t is agr<span class=\"_ _0\"></span>eed o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes cou<span class=\"_ _0\"></span>ld pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs208\">lea<span class=\"_ _0\"></span>d to a red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of up to \u00a3<span class=\"_ _3\"></span>4m o<span class=\"_ _0\"></span>r a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of up to \u00a39m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es could i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs209\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty fur<span class=\"_ _2\"></span>ther<span class=\"_ _3\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wil<span class=\"_ _0\"></span>l conti<span class=\"_ _0\"></span>nue to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in ar<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of any po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>solu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t each<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gs20a\">subsequent<span class=\"_ _3\"></span> repor<span class=\"_ _0\"></span>ting dat<span class=\"_ _3\"></span>e.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs20b\">Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts are a<span class=\"_ _0\"></span>lso su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls127 ws1b gs20c\">Measurem<span class=\"_ _3\"></span>ent of<span class=\"_ _3\"></span> defined<span class=\"_ _3\"></span> benefit p<span class=\"_ _3\"></span>ension oblig<span class=\"_ _3\"></span>ations </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs20d\">The n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at 3<span class=\"_ _3\"></span>1 Mar<span class=\"_ _0\"></span>ch 2023 wa<span class=\"_ _0\"></span>s \u00a30.<span class=\"_ _0\"></span>2m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>.2m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>2.4m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>6m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs20e\">The m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>res ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs20f\">ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. See N<span class=\"_ _0\"></span>ote 32 f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails a<span class=\"_ _0\"></span>nd a se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis for the key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs210\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>ates i<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ur mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pens<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs211\">Pensio<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>eme (th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m at 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.7<span class=\"_ _15\"></span>m) f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs212\">deb<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. </div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs213\">Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs214\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>20.4m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m<span class=\"_ _3\"></span>), which i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.6<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of unus<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs215\">deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>n los<span class=\"_ _0\"></span>ses ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill cont<span class=\"_ _0\"></span>inue to m<span class=\"_ _0\"></span>ake p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs216\">use<span class=\"_ _0\"></span>d. In o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>6m defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t on lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent h<span class=\"_ _0\"></span>as a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y of thi<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th referen<span class=\"_ _0\"></span>ce </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs217\">to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s three<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>ts whi<span class=\"_ _0\"></span>ch in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s judgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le th<span class=\"_ _0\"></span>at fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs218\">whi<span class=\"_ _0\"></span>ch the u<span class=\"_ _0\"></span>nuse<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an be u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lised<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat a t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e-ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s str<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tegic<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs219\">bud<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s pla<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g cycl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d is rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21a\">yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. It t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a timefr<span class=\"_ _0\"></span>ame ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it c<span class=\"_ _0\"></span>an re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21b\">los<span class=\"_ _0\"></span>ses of \u00a363.9m have not be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21c\">Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>take<span class=\"_ _0\"></span>n wh<span class=\"_ _0\"></span>ich sho<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at a 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or d<span class=\"_ _0\"></span>ecr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d would r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a \u00a3<span class=\"_ _0\"></span>3m incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21d\">dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se to t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively. If the deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s to be b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>ould d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se by </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs21e\">\u00a3<span class=\"_ _15\"></span>10m, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s if a four-year fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>as to b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t would i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e by \u00a39m.<span class=\"_ _332\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-667": {
   "value": "Key sourc<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y The key a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns conce<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>g the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>at have a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>isk of c<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ng a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>usse<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us of i<span class=\"_ _0\"></span>ts su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, from time t<span class=\"_ _0\"></span>o time<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ims t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re in th<span class=\"_ _0\"></span>e ordi<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r thes<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ng in a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n or<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely, whet<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>tems m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in tim<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt a<span class=\"_ _0\"></span>nd, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re, in m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing a r<span class=\"_ _0\"></span>elia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te of th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>ntum a<span class=\"_ _0\"></span>nd ti<span class=\"_ _0\"></span>ming of li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is<span class=\"_ _0\"></span> app<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>.4m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>0m)<span class=\"_ _3\"></span>. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 2<span class=\"_ _3\"></span>1<span class=\"_ _332\"> </span>Onerous contrac<span class=\"_ _0\"></span>t provisions<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a3<span class=\"_ _15\"></span>10.<span class=\"_ _0\"></span>5m have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>ese pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>se on t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Interserve.<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>vel at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te. D<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue of<span class=\"_ _0\"></span> one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t provisio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd comp<span class=\"_ _0\"></span>lex j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o be ma<span class=\"_ _0\"></span>de ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>vel of uncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>es mad<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, or i<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n bo<span class=\"_ _0\"></span>oked<span class=\"_ _0\"></span>, is linke<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span> complexit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> the underly<span class=\"_ _0\"></span>ing c<span class=\"_ _3\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. The m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r sou<span class=\"_ _0\"></span>rces of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to boo<span class=\"_ _0\"></span>k are:<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of accur<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>y in fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g futu<span class=\"_ _0\"></span>re va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t;<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r impr<span class=\"_ _0\"></span>ove ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance to e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re in line w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>evels<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t spe<span class=\"_ _0\"></span>cific key p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>rs (K<span class=\"_ _0\"></span>PIs<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>ves t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e in ter<span class=\"_ _0\"></span>ms of ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd sc<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e reso<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tion of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t specific d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>od of incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or <span class=\"ls4\"> </span>reactive work. The r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ju<span class=\"_ _0\"></span>dgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ade to d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns could r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d hen<span class=\"_ _0\"></span>ce, on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. <span class=\"ls4\"> </span>T<span class=\"_ _15\"></span>o mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rly co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ious forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re the o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> and co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s if rev<span class=\"_ _0\"></span>ised j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>irin<span class=\"_ _0\"></span>g an on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor so<span class=\"_ _0\"></span>urces of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, a<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te a pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le ra<span class=\"_ _0\"></span>nge of fu<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ing from a re<span class=\"_ _0\"></span>duc<span class=\"_ _2\"></span>tion in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision of u<span class=\"_ _0\"></span>p to \u00a35m t<span class=\"_ _0\"></span>o a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se of u<span class=\"_ _0\"></span>p to \u00a3<span class=\"_ _15\"></span>10m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>An o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t bee<span class=\"_ _0\"></span>n recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on a ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which ma<span class=\"_ _0\"></span>de a lo<span class=\"_ _0\"></span>ss of \u00a38.4m in t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a38<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) and h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s 1<span class=\"_ _15\"></span>8 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing on t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, and a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>led tu<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd pla<span class=\"_ _0\"></span>n is in th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>cess of be<span class=\"_ _0\"></span>ing im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e pla<span class=\"_ _0\"></span>n, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>ownsi<span class=\"_ _0\"></span>de sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>ill re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n to profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2026 and wil<span class=\"_ _0\"></span>l record a c<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve profi<span class=\"_ _0\"></span>t for the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Other contract<span class=\"_ _3\"></span> specific provisions<span class=\"_ _332\"> </span>In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion to t<span class=\"_ _0\"></span>he on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _0\"></span>38.8<span class=\"_ _0\"></span>m of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>). <span class=\"ls4\"> </span>The<span class=\"_ _0\"></span>se have b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily to cove<span class=\"_ _0\"></span>r cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ired to m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l, \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>4.7m relate<span class=\"_ _0\"></span>s to a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to a com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt sou<span class=\"_ _0\"></span>ght e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>ssis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve\u2019s acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion to v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>his as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ay differ from t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 due t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pou<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g effec<span class=\"_ _0\"></span>t of m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icula<span class=\"_ _0\"></span>r issu<span class=\"_ _0\"></span>es invol<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s bes<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te. M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at to th<span class=\"_ _0\"></span>e ex<span class=\"_ _2\"></span>tent tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t is agr<span class=\"_ _0\"></span>eed o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes cou<span class=\"_ _0\"></span>ld pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y lea<span class=\"_ _0\"></span>d to a red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of up to \u00a3<span class=\"_ _3\"></span>4m o<span class=\"_ _0\"></span>r a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of up to \u00a39m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es could i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty fur<span class=\"_ _2\"></span>ther<span class=\"_ _3\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wil<span class=\"_ _0\"></span>l conti<span class=\"_ _0\"></span>nue to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in ar<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of any po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>solu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t each<span class=\"_ _0\"></span> subsequent<span class=\"_ _3\"></span> repor<span class=\"_ _0\"></span>ting dat<span class=\"_ _3\"></span>e.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts are a<span class=\"_ _0\"></span>lso su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Measurem<span class=\"_ _3\"></span>ent of<span class=\"_ _3\"></span> defined<span class=\"_ _3\"></span> benefit p<span class=\"_ _3\"></span>ension oblig<span class=\"_ _3\"></span>ations The n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at 3<span class=\"_ _3\"></span>1 Mar<span class=\"_ _0\"></span>ch 2023 wa<span class=\"_ _0\"></span>s \u00a30.<span class=\"_ _0\"></span>2m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>.2m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>2.4m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>6m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>res ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. See N<span class=\"_ _0\"></span>ote 32 f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails a<span class=\"_ _0\"></span>nd a se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis for the key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>ates i<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ur mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pens<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>Pensio<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>eme (th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m at 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.7<span class=\"_ _15\"></span>m) f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer <span class=\"ls4\"> </span>deb<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>20.4m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m<span class=\"_ _3\"></span>), which i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.6<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of unus<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>n los<span class=\"_ _0\"></span>ses ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill cont<span class=\"_ _0\"></span>inue to m<span class=\"_ _0\"></span>ake p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d. In o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>6m defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t on lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent h<span class=\"_ _0\"></span>as a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y of thi<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th referen<span class=\"_ _0\"></span>ce to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s three<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>ts whi<span class=\"_ _0\"></span>ch in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s judgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le th<span class=\"_ _0\"></span>at fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch the u<span class=\"_ _0\"></span>nuse<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an be u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lised<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat a t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e-ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s str<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tegic<span class=\"_ _0\"></span>, bud<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s pla<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g cycl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d is rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. It t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a timefr<span class=\"_ _0\"></span>ame ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it c<span class=\"_ _0\"></span>an re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses of \u00a363.9m have not be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>take<span class=\"_ _0\"></span>n wh<span class=\"_ _0\"></span>ich sho<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at a 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or d<span class=\"_ _0\"></span>ecr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d would r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a \u00a3<span class=\"_ _0\"></span>3m incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or<span class=\"_ _0\"></span> dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se to t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively. If the deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s to be b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>ould d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se by \u00a3<span class=\"_ _15\"></span>10m, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s if a four-year fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>as to b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t would i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e by \u00a39m",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "Key sourc<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y The key a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns conce<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>g the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>at have a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>isk of c<span class=\"_ _0\"></span>ausi<span class=\"_ _0\"></span>ng a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t to the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>re disc<span class=\"_ _0\"></span>usse<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>Provisions<span class=\"_ _3\"></span> and contingen<span class=\"_ _3\"></span>t liabilities The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d va<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>us of i<span class=\"_ _0\"></span>ts su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, from time t<span class=\"_ _0\"></span>o time<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l pro<span class=\"_ _0\"></span>ceed<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>nd cla<span class=\"_ _0\"></span>ims t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re in th<span class=\"_ _0\"></span>e ordi<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r thes<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d the li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e rea<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, resu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ng in a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n or<span class=\"_ _15\"></span>, a<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely, whet<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>tems m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s are li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in tim<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt a<span class=\"_ _0\"></span>nd, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re, in m<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing a r<span class=\"_ _0\"></span>elia<span class=\"_ _0\"></span>ble e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te of th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>ntum a<span class=\"_ _0\"></span>nd ti<span class=\"_ _0\"></span>ming of li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is<span class=\"_ _0\"></span> app<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting dat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>.4m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>7<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>0m)<span class=\"_ _3\"></span>. Fur<span class=\"_ _2\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>s are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 2<span class=\"_ _3\"></span>1<span class=\"_ _332\"> </span>Onerous contrac<span class=\"_ _0\"></span>t provisions<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a3<span class=\"_ _15\"></span>10.<span class=\"_ _0\"></span>5m have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>ese pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>se on t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Interserve.<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>med by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>vel at e<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te. D<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ining t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _2\"></span>ying va<span class=\"_ _0\"></span>lue of<span class=\"_ _0\"></span> one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t provisio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd comp<span class=\"_ _0\"></span>lex j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o be ma<span class=\"_ _0\"></span>de ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of the G<span class=\"_ _0\"></span>roup\u2019s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>vel of uncer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>es mad<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>erm<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, or i<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n bo<span class=\"_ _0\"></span>oked<span class=\"_ _0\"></span>, is linke<span class=\"_ _0\"></span>d to the<span class=\"_ _0\"></span> complexit<span class=\"_ _0\"></span>y of<span class=\"_ _3\"></span> the underly<span class=\"_ _0\"></span>ing c<span class=\"_ _3\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. The m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>r sou<span class=\"_ _0\"></span>rces of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to boo<span class=\"_ _0\"></span>k are:<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of accur<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>y in fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g futu<span class=\"_ _0\"></span>re va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ete th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t;<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p to main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain o<span class=\"_ _0\"></span>r impr<span class=\"_ _0\"></span>ove ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance to e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re in line w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted l<span class=\"_ _0\"></span>evels<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t spe<span class=\"_ _0\"></span>cific key p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>rs (K<span class=\"_ _0\"></span>PIs<span class=\"_ _3\"></span>);<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cos<span class=\"_ _0\"></span>t sav<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>ves t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red to b<span class=\"_ _0\"></span>e prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e in ter<span class=\"_ _0\"></span>ms of ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd sc<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>; and<span class=\"_ _332\"> </span>\u2022 <span class=\"_ _5\"> </span>e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e reso<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tion of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t specific d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he like<span class=\"_ _0\"></span>liho<span class=\"_ _0\"></span>od of incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing fu<span class=\"_ _0\"></span>ture cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or <span class=\"ls4\"> </span>reactive work. The r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ju<span class=\"_ _0\"></span>dgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ade to d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns could r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e or de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d hen<span class=\"_ _0\"></span>ce, on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s pr<span class=\"_ _0\"></span>ofit<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in the n<span class=\"_ _0\"></span>ex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. <span class=\"ls4\"> </span>T<span class=\"_ _15\"></span>o mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>his<span class=\"_ _0\"></span>, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rly co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>ious forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to mea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re the o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> and co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s if rev<span class=\"_ _0\"></span>ised j<span class=\"_ _0\"></span>udge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>irin<span class=\"_ _0\"></span>g an on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n, ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on fac<span class=\"_ _2\"></span>ts and c<span class=\"_ _0\"></span>ircums<span class=\"_ _2\"></span>tance<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd k<span class=\"_ _0\"></span>now<span class=\"_ _0\"></span>n at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor so<span class=\"_ _0\"></span>urces of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, a<span class=\"_ _0\"></span>s ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>fied a<span class=\"_ _0\"></span>bove<span class=\"_ _0\"></span>, indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te a pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le ra<span class=\"_ _0\"></span>nge of fu<span class=\"_ _0\"></span>ture o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t financi<span class=\"_ _0\"></span>al yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ing from a re<span class=\"_ _0\"></span>duc<span class=\"_ _2\"></span>tion in th<span class=\"_ _0\"></span>e prov<span class=\"_ _0\"></span>ision of u<span class=\"_ _0\"></span>p to \u00a35m t<span class=\"_ _0\"></span>o a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se of u<span class=\"_ _0\"></span>p to \u00a3<span class=\"_ _15\"></span>10m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>An o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t bee<span class=\"_ _0\"></span>n recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on a ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t which ma<span class=\"_ _0\"></span>de a lo<span class=\"_ _0\"></span>ss of \u00a38.4m in t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a38<span class=\"_ _0\"></span>.7<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) and h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s 1<span class=\"_ _15\"></span>8 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s rem<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing on t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>t was a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, and a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>led tu<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>nd pla<span class=\"_ _0\"></span>n is in th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>cess of be<span class=\"_ _0\"></span>ing im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e pla<span class=\"_ _0\"></span>n, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>ownsi<span class=\"_ _0\"></span>de sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>ill re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n to profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2026 and wil<span class=\"_ _0\"></span>l record a c<span class=\"_ _0\"></span>umul<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve profi<span class=\"_ _0\"></span>t for the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning te<span class=\"_ _0\"></span>rm of t<span class=\"_ _0\"></span>he cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Other contract<span class=\"_ _3\"></span> specific provisions<span class=\"_ _332\"> </span>In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion to t<span class=\"_ _0\"></span>he on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _0\"></span>38.8<span class=\"_ _0\"></span>m of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>). <span class=\"ls4\"> </span>The<span class=\"_ _0\"></span>se have b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily to cove<span class=\"_ _0\"></span>r cos<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ired to m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t spe<span class=\"_ _0\"></span>cific con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l, \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>4.7m relate<span class=\"_ _0\"></span>s to a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to a com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt sou<span class=\"_ _0\"></span>ght e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>ssis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve\u2019s acqui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion to v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>his as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ay differ from t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 due t<span class=\"_ _0\"></span>o the com<span class=\"_ _0\"></span>pou<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g effec<span class=\"_ _0\"></span>t of m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icula<span class=\"_ _0\"></span>r issu<span class=\"_ _0\"></span>es invol<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s bes<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te. M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at to th<span class=\"_ _0\"></span>e ex<span class=\"_ _2\"></span>tent tha<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>t is agr<span class=\"_ _0\"></span>eed o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge of pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fut<span class=\"_ _0\"></span>ure ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>mes cou<span class=\"_ _0\"></span>ld pot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y lea<span class=\"_ _0\"></span>d to a red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of up to \u00a3<span class=\"_ _3\"></span>4m o<span class=\"_ _0\"></span>r a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of up to \u00a39m be<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es could i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se the<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty fur<span class=\"_ _2\"></span>ther<span class=\"_ _3\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wil<span class=\"_ _0\"></span>l conti<span class=\"_ _0\"></span>nue to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in ar<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of any po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>solu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t each<span class=\"_ _0\"></span> subsequent<span class=\"_ _3\"></span> repor<span class=\"_ _0\"></span>ting dat<span class=\"_ _3\"></span>e.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts are a<span class=\"_ _0\"></span>lso su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to neg<span class=\"_ _0\"></span>otia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Measurem<span class=\"_ _3\"></span>ent of<span class=\"_ _3\"></span> defined<span class=\"_ _3\"></span> benefit p<span class=\"_ _3\"></span>ension oblig<span class=\"_ _3\"></span>ations The n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at 3<span class=\"_ _3\"></span>1 Mar<span class=\"_ _0\"></span>ch 2023 wa<span class=\"_ _0\"></span>s \u00a30.<span class=\"_ _0\"></span>2m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>.2m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts of \u00a3<span class=\"_ _0\"></span>2.4m (2022<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>6m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>The m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>res ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding d<span class=\"_ _0\"></span>iscoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd fut<span class=\"_ _0\"></span>ure con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. See N<span class=\"_ _0\"></span>ote 32 f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails a<span class=\"_ _0\"></span>nd a se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis for the key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up als<span class=\"_ _0\"></span>o par<span class=\"_ _2\"></span>ticip<span class=\"_ _0\"></span>ates i<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ur mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyer de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pens<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he Pl<span class=\"_ _0\"></span>umbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>al Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>Pensio<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>eme (th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogni<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.<span class=\"_ _3\"></span>7m at 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.7<span class=\"_ _15\"></span>m) f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer <span class=\"ls4\"> </span>deb<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d and M<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>20.4m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _3\"></span>.1<span class=\"_ _15\"></span>m<span class=\"_ _3\"></span>), which i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.6<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of unus<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set o<span class=\"_ _0\"></span>n los<span class=\"_ _0\"></span>ses ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een r<span class=\"_ _0\"></span>ecog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill cont<span class=\"_ _0\"></span>inue to m<span class=\"_ _0\"></span>ake p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d. In o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to supp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t the reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the \u00a3<span class=\"_ _0\"></span>39<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>6m defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t on lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent h<span class=\"_ _0\"></span>as a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y of thi<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th referen<span class=\"_ _0\"></span>ce to the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s three<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>as<span class=\"_ _2\"></span>ts whi<span class=\"_ _0\"></span>ch in ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s judgem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>at i<span class=\"_ _0\"></span>t is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le th<span class=\"_ _0\"></span>at fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t will b<span class=\"_ _0\"></span>e ava<span class=\"_ _0\"></span>ilab<span class=\"_ _0\"></span>le ag<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch the u<span class=\"_ _0\"></span>nuse<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an be u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>lised<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>hat a t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e-ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od is a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>t is sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted by th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s str<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tegic<span class=\"_ _0\"></span>, bud<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s pla<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g cycl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d is rel<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span>nt to t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y aro<span class=\"_ _0\"></span>und t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. It t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efore repr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a timefr<span class=\"_ _0\"></span>ame ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it c<span class=\"_ _0\"></span>an re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses of \u00a363.9m have not be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 (2022: \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>). Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>take<span class=\"_ _0\"></span>n wh<span class=\"_ _0\"></span>ich sho<span class=\"_ _0\"></span>ws th<span class=\"_ _0\"></span>at a 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or d<span class=\"_ _0\"></span>ecr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d would r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in a \u00a3<span class=\"_ _0\"></span>3m incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se or<span class=\"_ _0\"></span> dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se to t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tively. If the deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s to be b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o-ye<span class=\"_ _0\"></span>ar forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>ould d<span class=\"_ _0\"></span>ecre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se by \u00a3<span class=\"_ _15\"></span>10m, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s if a four-year fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>as to b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he deferr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t would i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e by \u00a39m",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs220\">3. Business segment informati<span class=\"_ _3\"></span>on<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs221\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>n a ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice di<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. At 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>ad eig<span class=\"_ _0\"></span>ht re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ble s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd the i<span class=\"_ _0\"></span>nforma<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs222\">is consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch is the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s Chief Ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Deci<span class=\"_ _0\"></span>sion M<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Revenu<span class=\"_ _0\"></span>e incl<span class=\"_ _0\"></span>uding s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs223\">vent<span class=\"_ _0\"></span>ures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gin b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>mar<span class=\"_ _2\"></span>y mea<span class=\"_ _0\"></span>sures of p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs224\">tha<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to an<span class=\"_ _0\"></span>d revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs225\">Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>ot be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ey are no<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws2a gs226\">Consolidated income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt information<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs227\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls10f ws16d gs228\">Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs229\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs22a\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs22b\">Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls124 ws10e gs22c\">profit/(loss<span class=\"_ _3\"></span>) </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs22d\">befor<span class=\"_ _0\"></span>e <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls125 ws148 gs22e\">Other items<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs22f\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs230\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs231\">Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs232\">mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls125 ws148 gs233\">Other items<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs234\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs235\">%<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls132 ws16f gs236\">Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs237\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs238\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs239\">Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs23a\">profit<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) <span class=\"_ _3\"></span> </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws82 gs23b\">bef<span class=\"_ _3\"></span>ore Other <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs23c\">item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs23d\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs23e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs23f\">Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws131 gs240\">margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs241\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs242\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs243\">%<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs244\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1d1\"> </span><span class=\"ff89 ls4 ws0\">1,171.6<span class=\"_ _150\"> </span>67.5<span class=\"_ _102\"> </span>5.8<span class=\"_ _3a\"> </span><span class=\"ff88\">1,522.0<span class=\"_ _3a\"> </span>107.5<span class=\"_ _84\"> </span>7.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs245\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">1,154.1<span class=\"_ _150\"> </span>34.1<span class=\"_ _102\"> </span>3.0<span class=\"_ _59\"> </span><span class=\"ff88\">972.9<span class=\"_ _80\"> </span>30.0<span class=\"_ _1a5\"> </span>3.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls102 ws11c gs246\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _150\"> </span>59.8<span class=\"_ _102\"> </span>7.2<span class=\"_ _59\"> </span><span class=\"ff88\">669.4<span class=\"_ _80\"> </span>38.4<span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 ws10 gs247\">Communi<span class=\"_ _0\"></span>ties <span class=\"_ _202\"> </span><span class=\"ff89 ls4 ws0\">490.2<span class=\"_ _6b\"> </span>21.3<span class=\"_ _66\"> </span>4.3<span class=\"_ _87\"> </span><span class=\"ff88\">460.0<span class=\"_ _d2\"> </span>19.9<span class=\"_ _84\"> </span>4.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs248\">Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">410.9<span class=\"_ _6b\"> </span>34.9<span class=\"_ _66\"> </span>8.5<span class=\"_ _87\"> </span><span class=\"ff88\">372.5<span class=\"_ _d2\"> </span>32.5<span class=\"_ _84\"> </span>8.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls6d ws0 gs249\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _6b\"> </span>10.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _87\"> </span><span class=\"ff88\">135.7<span class=\"_ _1a5\"> </span>9.9<span class=\"_ _84\"> </span>7.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls20 ws1f gs24a\">Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">65.7<span class=\"_ _66\"> </span>9.5<span class=\"_ _150\"> </span>14.5<span class=\"_ _11a\"> </span><span class=\"ff88\">55.0<span class=\"_ _1a5\"> </span>9.2<span class=\"_ _80\"> </span>16.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls126 ws149 gs24b\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">74.4<span class=\"_ _66\"> </span>8.6<span class=\"_ _6b\"> </span>11.6<span class=\"_ _7f\"> </span><span class=\"ff88\">76.7<span class=\"_ _1a5\"> </span>8.3<span class=\"_ _80\"> </span>10.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls2b ws2c gs24c\">Spain<span class=\"_ _205\"> </span><span class=\"ff89 ls4 ws0\">102.1<span class=\"_ _66\"> </span>6.6<span class=\"_ _66\"> </span>6.5<span class=\"_ _7d\"> </span><span class=\"ff88\">105.1<span class=\"_ _1a5\"> </span>5.1<span class=\"_ _84\"> </span>4.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs24d\">Corporate centre<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _a2\"> </span>(55.5)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _9d\"> </span>(61.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs24e\">T<span class=\"_ _15\"></span>otal from cont<span class=\"_ _3\"></span>inuing operations<span class=\"_ _206\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _6a\"> </span>166.9<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs24f\">Document Management<span class=\"_ _207\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs250\">Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _109\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs251\">T<span class=\"_ _15\"></span>otal from disc<span class=\"_ _3\"></span>ontinued operations<span class=\"_ _b0\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _80\"> </span>10.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs252\">T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs253\">Notes:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs254\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0.1<span class=\"_ _15\"></span>m (<span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>: \u00a385.1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) is i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin CG<span class=\"_ _0\"></span>&amp;D a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>2: \u00a38<span class=\"_ _0\"></span>.4m) wit<span class=\"_ _0\"></span>hin C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs255\">2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs256\">No sin<span class=\"_ _0\"></span>gle cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>nted for mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% of ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al reve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 or in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs257\">is not co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a sing<span class=\"_ _0\"></span>le cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs258\">A recon<span class=\"_ _0\"></span>cilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems t<span class=\"_ _0\"></span>o tot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>efore ta<span class=\"_ _0\"></span>x is p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs259\">2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gs25a\">Continuing </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls149 ws179 gs25b\">operations and<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws10b gs25c\">total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs25d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls8f ws8f gs25e\">From <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs25f\">continuing </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs260\">operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs261\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls8f ws8f gs262\">From <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs263\">discontinued </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs264\">operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs265\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1c8 gs266\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> G<span class=\"_ _2\"> </span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs267\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs268\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _1d3\"> </span><span class=\"ff89 ls4\">162.1<span class=\"_ _87\"> </span><span class=\"ff88\">166.9<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _3a\"> </span>169.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs269\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs26a\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs26b\">(45.1)<span class=\"_ _80\"> </span><span class=\"ff88\">(94.8)<span class=\"_ _1c7\"> </span>17.0<span class=\"_ _9d\"> </span>(77.8)<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls8a ws72 gs26c\">Ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce (<span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _3\"></span>/i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _209\"> </span><span class=\"ff89 ls4 ws0\">(11.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(19.8)<span class=\"_ _87\"> </span>0.1<span class=\"_ _1c7\"> </span>(19.7)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs26d\">Pro<span class=\"_ _0\"></span>fit b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re ta<span class=\"_ _2\"></span>x<span class=\"_ _20a\"> </span><span class=\"ff89 ls4\">105.5<span class=\"_ _7f\"> </span><span class=\"ff88\">52.3<span class=\"_ _80\"> </span>20.0<span class=\"_ _d2\"> </span>72.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs26e\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs26f\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsd ws11 gs271\">Geographical s<span class=\"_ _3\"></span>egments<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs272\">Revenu<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ofit a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in from ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>re show<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs273\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls10f ws16d gs274\">Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs275\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs276\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs277\">Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs278\">profi<span class=\"_ _0\"></span>t before </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls125 ws148 gs279\">Other items<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs27a\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs27b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs27c\">Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs27d\">mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls125 ws148 gs27e\">Other items<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs27f\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs280\">%<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls132 ws16f gs281\">Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs282\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs283\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs284\">Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws10e gs285\">profit before <span class=\"ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs286\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs287\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs288\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs289\">Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws131 gs28a\">margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs28b\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs28c\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs28d\">%<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs28e\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">3,895.2<span class=\"_ _164\"> </span>153.9<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,844.5<span class=\"_ _6a\"> </span>160.3<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs28f\">Other countries<span class=\"_ _20c\"> </span><span class=\"ff89 ls4 ws0\">159.9<span class=\"_ _66\"> </span>8.2<span class=\"_ _66\"> </span>5.1<span class=\"_ _7d\"> </span><span class=\"ff88\">152.3<span class=\"_ _1a5\"> </span>6.6<span class=\"_ _1a5\"> </span>4.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs290\">Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _127\"> </span><span class=\"ff89 ws0\">4,055.1<span class=\"_ _cf\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _3a\"> </span>166.9<span class=\"_ _84\"> </span>4.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs291\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs292\">Other countries<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _84\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs293\">Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _84\"> </span>2.9<span class=\"_ _d2\"> </span>10.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs294\">T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs295\">Notes:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs296\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _6\"></span>10.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) i<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gdo<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d \u00a3n<span class=\"_ _0\"></span>il (202<span class=\"_ _0\"></span>2: \u00a3n<span class=\"_ _0\"></span>il) in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs297\">2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs298\">The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, by ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>phic<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls9 ws126 gs299\">show<span class=\"_ _0\"></span>n bel<span class=\"_ _0\"></span>ow:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs29a\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs29b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs29c\">2022<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs29d\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs29e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs29f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20e\"> </span><span class=\"ff89 ls4 ws0\">732.5<span class=\"_ _3a\"> </span><span class=\"ff88\">717.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2a0\">Other countries<span class=\"_ _20f\"> </span><span class=\"ff89 ls4 ws0\">16.0<span class=\"_ _80\"> </span><span class=\"ff88\">14.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls16e ws79 gs2a1\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">748.5<span class=\"_ _3a\"> </span><span class=\"ff88\">732.4<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs2a2\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs2a3\">1<span class=\"_ _3\"></span>. Trade a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m hav<span class=\"_ _0\"></span>e bee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s to n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ee N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs2a4\">Supplement<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y inf<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>ation<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs2a5\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2a6\">Depreci<span class=\"_ _0\"></span>ation </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls149 ws179 gs2a7\">of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>ty, </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls149 ws179 gs2a8\">plant and<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws144 gs2a9\">equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2aa\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws144 gs2ab\">Amor<span class=\"_ _0\"></span>tisation </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls124 ws82 gs2ac\">of intangible </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs2ad\">asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2ae\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws144 gs2af\">Amor<span class=\"_ _0\"></span>tisation </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls106 wsdd gs2b0\">of contract </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs2b1\">asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2b2\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs2b3\">Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gs2b4\">items<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs2b5\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2b6\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs2b7\">Depreciation </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsbd ws42 gs2b8\">of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls11f ws174 gs2b9\">plant<span class=\"_ _3\"></span> and </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws144 gs2ba\">equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs2bb\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs2bc\">Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws131 gs2bd\">of intangible </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs2be\">as<span class=\"_ _0\"></span>sets  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs2bf\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs2c0\">Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws10b gs2c1\">of c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs2c2\">as<span class=\"_ _0\"></span>sets  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs2c3\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs2c4\">O<span class=\"_ _0\"></span>ther  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs2c5\">item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs2c6\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs2c7\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs2c8\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">1.6<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.9<span class=\"_ _3a\"> </span><span class=\"ff88\">1.9<span class=\"_ _72\"> </span>2.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>17.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2c9\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1cf\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _15e\"> </span>0.6<span class=\"_ _141\"> </span>0.3<span class=\"_ _d8\"> </span>10.8<span class=\"_ _3a\"> </span><span class=\"ff88\">0.8<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>21.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls102 ws11c gs2ca\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _b3\"> </span><span class=\"ff89 ls4 ws0\">0.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.8)<span class=\"_ _cf\"> </span><span class=\"ff88\">0.3<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.5)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 ws10 gs2cb\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.4<span class=\"_ _6a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2cc\">Specialist Services<span class=\"_ _75\"> </span><span class=\"ff89 ls4 ws0\">2.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _15e\"> </span>0.6<span class=\"_ _6a\"> </span><span class=\"ff88\">2.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls6d ws0 gs2cd\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _bb\"> </span>1.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls20 ws1f gs2ce\">Landscapes<span class=\"_ _b5\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls126 ws149 gs2cf\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _213\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls2b ws2c gs2d0\">Spain<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.4<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs2d1\">Corporate centre<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">36.2<span class=\"_ _81\"> </span>28.6<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _d8\"> </span>33.2<span class=\"_ _23\"> </span><span class=\"ff88\">35.0<span class=\"_ _1d\"> </span>24.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>45.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs2d2\">Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _5a\"> </span><span class=\"ff89 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.4<span class=\"_ _3b\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _1d\"> </span>94.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2d3\">Social Hous<span class=\"_ _3\"></span>ing<span class=\"_ _71\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(4.0)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2d4\">Document Management<span class=\"_ _214\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(16.0)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs2d5\">Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _215\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs2d6\">Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _216\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(17.0)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs2d7\">T<span class=\"_ _15\"></span>otal Group<span class=\"_ _217\"> </span><span class=\"ff89 ls4 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _141\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.6<span class=\"_ _1d\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _3b\"> </span>77.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs2d8\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs2d9\">1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>esc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls7c ws29 gs2db\">Disa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2dc\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s reven<span class=\"_ _0\"></span>ue from con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s by sec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r (gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd by cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _15\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2dd\">a dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion from i<span class=\"_ _0\"></span>ncept<span class=\"_ _0\"></span>ion of le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on from in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of mo<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>wo yea<span class=\"_ _0\"></span>rs<span class=\"_ _3\"></span>). Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>s this b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2de\">dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s how t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, timi<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s are affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by econo<span class=\"_ _0\"></span>mic fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>. The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>s a reco<span class=\"_ _0\"></span>ncilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs2df\">dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ated r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs2e0\">2023<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws144 gs2e1\">Sector<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs2e2\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls106 wsdd gs2e3\">Contrac<span class=\"_ _0\"></span>t duration for timing of<span class=\"_ _3\"></span> revenue recognition<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf2 ws10a gs2e4\">Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2e5\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf2 ws10a gs2e6\">No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2e7\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs2e8\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2e9\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gs2ea\">Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2eb\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gs2ec\">Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _15\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2ed\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs2ee\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs2ef\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs2f0\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">347.4<span class=\"_ _cf\"> </span>824.2<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _58\"> </span>177.9<span class=\"_ _164\"> </span>993.7<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2f1\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">262.4<span class=\"_ _164\"> </span>891.7<span class=\"_ _1d\"> </span>1,154.1<span class=\"_ _58\"> </span>205.7<span class=\"_ _164\"> </span>948.4<span class=\"_ _1b\"> </span>1,154.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls102 ws11c gs2f2\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>828.3<span class=\"_ _101\"> </span>2.2<span class=\"_ _164\"> </span>826.1<span class=\"_ _f4\"> </span>828.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 ws10 gs2f3\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _218\"> </span><span class=\"ff89 ls4 ws0\">487.9<span class=\"_ _66\"> </span>2.3<span class=\"_ _164\"> </span>490.2<span class=\"_ _191\"> </span>\u2013<span class=\"_ _f4\"> </span>490.2<span class=\"_ _164\"> </span>490.2<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs2f4\">Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">278.4<span class=\"_ _164\"> </span>132.5<span class=\"_ _164\"> </span>410.9<span class=\"_ _219\"> </span>63.2<span class=\"_ _164\"> </span>347.7<span class=\"_ _164\"> </span>410.9<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls6d ws0 gs2f5\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _69\"> </span>\u2013<span class=\"_ _f4\"> </span>168.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _164\"> </span>168.7<span class=\"_ _164\"> </span>168.7<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls20 ws1f gs2f6\">Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">24.7<span class=\"_ _150\"> </span>41.0<span class=\"_ _6b\"> </span>65.7<span class=\"_ _219\"> </span>21.3<span class=\"_ _6b\"> </span>44.4<span class=\"_ _6b\"> </span>65.7<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls126 ws149 gs2f7\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">23.7<span class=\"_ _6b\"> </span>50.7<span class=\"_ _150\"> </span>74.4<span class=\"_ _50\"> </span>15.4<span class=\"_ _150\"> </span>59.0<span class=\"_ _1c7\"> </span>74.4<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls2b ws2c gs2f8\">Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">61.3<span class=\"_ _6b\"> </span>40.8<span class=\"_ _164\"> </span>102.1<span class=\"_ _219\"> </span>26.5<span class=\"_ _21a\"> </span>75.6<span class=\"_ _cf\"> </span>102.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs2f9\">Continuing oper<span class=\"_ _0\"></span>ations and total Group </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs2fa\">including joint ventures and associates<span class=\"_ _5b\"> </span><span class=\"ff89 ws0\">2,204.4<span class=\"_ _1b\"> </span>1,850.7<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,606.1<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs2fb\">Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span></div><div class=\"t m1 h84 ff87 fs27 fc7 sc0 ls4 ws0 gs2fc\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs2fd\">(110.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _70\"> </span>(110.1)<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs2fe\">Continuing oper<span class=\"_ _0\"></span>ations and total Group </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs2ff\">excluding joint v<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>tures and associates<span class=\"_ _ba\"> </span><span class=\"ff89 ws0\">2,094.3<span class=\"_ _1d\"> </span>1,850.7<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,496.0<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs300\">Notes:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs301\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws82 gs302\">classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs303\">2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1m and \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he CG&amp;<span class=\"_ _0\"></span>D an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs304\">2022<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs305\">Sec<span class=\"_ _0\"></span>tor<span class=\"_ _332\"> </span></div><div class=\"t m1 h94 ff88 fs3c fc7 sc0 ls4 ws0 gs306\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws10b gs307\">Contract duration f<span class=\"_ _3\"></span>or timing<span class=\"_ _3\"></span> of reven<span class=\"_ _3\"></span>ue recognition<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws144 gs308\">Government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs309\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws144 gs30a\">Non-government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs30b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs30c\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs30d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs30e\">Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs30f\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs310\">Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs311\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs312\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs313\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gs314\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20c\"> </span><span class=\"ls4 ws0\">686.6<span class=\"_ _3a\"> </span>835.4<span class=\"_ _bb\"> </span>1,522.0<span class=\"_ _87\"> </span>682.0<span class=\"_ _3a\"> </span>840.0<span class=\"_ _72\"> </span>1,522.0<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs315\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">258.9<span class=\"_ _3a\"> </span>714.0<span class=\"_ _3a\"> </span>972.9<span class=\"_ _11a\"> </span>79.2<span class=\"_ _3a\"> </span>893.7<span class=\"_ _3a\"> </span>972.9<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls102 ws11c gs316\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _21d\"> </span><span class=\"ls4 ws0\">669.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>669.4<span class=\"_ _69\"> </span>0.7<span class=\"_ _3a\"> </span>668.7<span class=\"_ _3a\"> </span>669.4<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls13 ws10 gs317\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _b5\"> </span><span class=\"ls4 ws0\">452.1<span class=\"_ _84\"> </span>7.9<span class=\"_ _3a\"> </span>460.0<span class=\"_ _7f\"> </span>18.2<span class=\"_ _3a\"> </span>441.8<span class=\"_ _3a\"> </span>460.0<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs318\">Specialist Services<span class=\"_ _155\"> </span><span class=\"ls4 ws0\">259.5<span class=\"_ _3a\"> </span>113.0<span class=\"_ _6a\"> </span>372.5<span class=\"_ _7f\"> </span>59.9<span class=\"_ _3a\"> </span>312.6<span class=\"_ _3a\"> </span>372.5<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls6d ws0 gs319\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _109\"> </span><span class=\"ff88 ls4\">135.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _6a\"> </span>135.7<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls20 ws1f gs31a\">Landscapes<span class=\"_ _21e\"> </span><span class=\"ff88 ls4 ws0\">20.0<span class=\"_ _80\"> </span>35.0<span class=\"_ _d2\"> </span>55.0<span class=\"_ _11a\"> </span>18.5<span class=\"_ _d2\"> </span>36.5<span class=\"_ _80\"> </span>55.0<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls126 ws149 gs31b\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b9\"> </span><span class=\"ff88 ls4 ws0\">31.0<span class=\"_ _d2\"> </span>45.7<span class=\"_ _80\"> </span>76.7<span class=\"_ _7f\"> </span>14.1<span class=\"_ _80\"> </span>62.6<span class=\"_ _80\"> </span>76.7<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff8b fs5 fc7 sc0 ls2b ws2c gs31c\">Spain<span class=\"_ _21f\"> </span><span class=\"ff88 ls4 ws0\">72.8<span class=\"_ _80\"> </span>32.3<span class=\"_ _3a\"> </span>105.1<span class=\"_ _7f\"> </span>27.3<span class=\"_ _80\"> </span>77.8<span class=\"_ _3a\"> </span>105.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs31d\">Continuing oper<span class=\"_ _0\"></span>ations including joint ventures </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls32 ws60 gs31e\">and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,326.5<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,156.8<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs31f\">Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span></div><div class=\"t m1 h84 ff87 fs27 fc7 sc0 ls4 ws0 gs320\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws0 gs321\">(93.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _9d\"> </span>(93.5)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _52\"> </span>(93.5)<span class=\"_ _a2\"> </span>(93.5)<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs322\">Continuing oper<span class=\"_ _0\"></span>ations excluding joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls32 ws60 gs323\">and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,233.0<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,063.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs324\">Document Management<span class=\"_ _220\"> </span><span class=\"ls4 ws0\">1.7<span class=\"_ _80\"> </span>23.8<span class=\"_ _d2\"> </span>25.5<span class=\"_ _69\"> </span>0.1<span class=\"_ _d2\"> </span>25.4<span class=\"_ _80\"> </span>25.5<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs325\">Nordics and P<span class=\"_ _3\"></span>oland <span class=\"_ _11f\"> </span><span class=\"ws0\">\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _d6\"> </span>\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs326\">Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _2a\"> </span><span class=\"ff88 ls4 ws0\">1.7<span class=\"_ _d2\"> </span>25.7<span class=\"_ _80\"> </span>27.4<span class=\"_ _60\"> </span>0.1<span class=\"_ _80\"> </span>27.3<span class=\"_ _d2\"> </span>27.4<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs327\">T<span class=\"_ _15\"></span>otal Grou<span class=\"_ _0\"></span>p excluding j<span class=\"_ _3\"></span>oint ventures </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws120 gs328\">and a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,234.7<span class=\"_ _72\"> </span>1,696.0<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _59\"> </span>840.1<span class=\"_ _72\"> </span>3,090.6<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs329\">Notes:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs32a\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws82 gs32b\">classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs32c\">2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a385.1<span class=\"_ _3\"></span>m an<span class=\"_ _0\"></span>d \u00a38.4<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in th<span class=\"_ _0\"></span>e CG&amp;D a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs32e\">T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce obl<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs32f\">The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>cured for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r boo<span class=\"_ _0\"></span>k for each se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he ti<span class=\"_ _0\"></span>me ba<span class=\"_ _0\"></span>nds of w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs330\">recog<span class=\"_ _0\"></span>nise s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>ed reve<span class=\"_ _0\"></span>nue o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red reve<span class=\"_ _0\"></span>nue co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds to a<span class=\"_ _0\"></span>ll fixed wo<span class=\"_ _0\"></span>rk con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs331\">the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of any an<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs332\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gs333\">Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs334\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gs335\">Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs336\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls116 ws136 gs337\">T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secure<span class=\"_ _0\"></span>d </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf2 ws10a gs338\">reven<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs339\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs33a\">Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs33b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs33c\">Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs33d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls106 wsdd gs33e\">T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secured </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs33f\">revenue  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs340\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs341\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">554.8<span class=\"_ _cf\"> </span>787.3<span class=\"_ _1b\"> </span>1,342.1<span class=\"_ _59\"> </span><span class=\"ff88\">638.8<span class=\"_ _3a\"> </span>805.5<span class=\"_ _bb\"> </span>1,444.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs342\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">482.6<span class=\"_ _164\"> </span>678.0<span class=\"_ _1d\"> </span>1,160.6<span class=\"_ _59\"> </span><span class=\"ff88\">443.9<span class=\"_ _3a\"> </span>779.9<span class=\"_ _bb\"> </span>1,223.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls102 ws11c gs343\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs344\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs345\">503.8<span class=\"_ _1b\"> </span>1,263.3<span class=\"_ _1b\"> </span>1,767.1<span class=\"_ _87\"> </span><span class=\"ff88\">346.3<span class=\"_ _3a\"> </span>502.8<span class=\"_ _3a\"> </span>849.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls13 ws10 gs346\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs347\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs348\">272.4<span class=\"_ _1b\"> </span>2,356.6<span class=\"_ _1b\"> </span>2,629.0<span class=\"_ _87\"> </span><span class=\"ff88\">275.2<span class=\"_ _72\"> </span>2,582.4<span class=\"_ _bb\"> </span>2,857.6<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs349\">Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">173.7<span class=\"_ _164\"> </span>396.8<span class=\"_ _164\"> </span>570.5<span class=\"_ _87\"> </span><span class=\"ff88\">194.7<span class=\"_ _3a\"> </span>484.4<span class=\"_ _3a\"> </span>679.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls6d ws0 gs34a\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">105.1<span class=\"_ _164\"> </span>330.9<span class=\"_ _164\"> </span>436.0<span class=\"_ _87\"> </span><span class=\"ff88\">120.1<span class=\"_ _3a\"> </span>397.8<span class=\"_ _6a\"> </span>517.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls20 ws1f gs34b\">Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">28.2<span class=\"_ _21a\"> </span>52.5<span class=\"_ _21a\"> </span>80.7<span class=\"_ _7f\"> </span><span class=\"ff88\">32.1<span class=\"_ _80\"> </span>68.8<span class=\"_ _3a\"> </span>100.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls126 ws149 gs34c\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _221\"> </span><span class=\"ff89 ls4 ws0\">8.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _6b\"> </span>14.2<span class=\"_ _60\"> </span><span class=\"ff88\">7.0<span class=\"_ _1a5\"> </span>8.6<span class=\"_ _80\"> </span>15.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls2b ws2c gs34d\">Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">32.2<span class=\"_ _66\"> </span>7.4<span class=\"_ _6b\"> </span>39.6<span class=\"_ _7f\"> </span><span class=\"ff88\">35.5<span class=\"_ _84\"> </span>9.2<span class=\"_ _80\"> </span>44.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs34e\">Continuing<span class=\"_ _3\"></span> ope<span class=\"_ _0\"></span>rations and<span class=\"_ _3\"></span> tot<span class=\"_ _0\"></span>al Group<span class=\"_ _b7\"> </span><span class=\"ff89 ls4 ws0\">1,987.3<span class=\"_ _1d\"> </span>5,482.0<span class=\"_ _1b\"> </span>7,469.3<span class=\"_ _3a\"> </span><span class=\"ff88\">1,898.9<span class=\"_ _bb\"> </span>5,155.0<span class=\"_ _72\"> </span>7,053.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs34f\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs350\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ord<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-668": {
   "value": "3. Business segment informati<span class=\"_ _3\"></span>on<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>n a ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice di<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. At 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>ad eig<span class=\"_ _0\"></span>ht re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ble s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd the i<span class=\"_ _0\"></span>nforma<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted, is consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch is the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s Chief Ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Deci<span class=\"_ _0\"></span>sion M<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Revenu<span class=\"_ _0\"></span>e incl<span class=\"_ _0\"></span>uding s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gin b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>mar<span class=\"_ _2\"></span>y mea<span class=\"_ _0\"></span>sures of p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce tha<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to an<span class=\"_ _0\"></span>d revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>ot be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ey are no<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Consolidated income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt information<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profit/(loss<span class=\"_ _3\"></span>) befor<span class=\"_ _0\"></span>e <span class=\"_ _15\"></span> Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) <span class=\"_ _3\"></span> bef<span class=\"_ _3\"></span>ore Other <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1d1\"> </span><span class=\"ff89 ls4 ws0\">1,171.6<span class=\"_ _150\"> </span>67.5<span class=\"_ _102\"> </span>5.8<span class=\"_ _3a\"> </span><span class=\"ff88\">1,522.0<span class=\"_ _3a\"> </span>107.5<span class=\"_ _84\"> </span>7.1<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">1,154.1<span class=\"_ _150\"> </span>34.1<span class=\"_ _102\"> </span>3.0<span class=\"_ _59\"> </span><span class=\"ff88\">972.9<span class=\"_ _80\"> </span>30.0<span class=\"_ _1a5\"> </span>3.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _150\"> </span>59.8<span class=\"_ _102\"> </span>7.2<span class=\"_ _59\"> </span><span class=\"ff88\">669.4<span class=\"_ _80\"> </span>38.4<span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties <span class=\"_ _202\"> </span><span class=\"ff89 ls4 ws0\">490.2<span class=\"_ _6b\"> </span>21.3<span class=\"_ _66\"> </span>4.3<span class=\"_ _87\"> </span><span class=\"ff88\">460.0<span class=\"_ _d2\"> </span>19.9<span class=\"_ _84\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">410.9<span class=\"_ _6b\"> </span>34.9<span class=\"_ _66\"> </span>8.5<span class=\"_ _87\"> </span><span class=\"ff88\">372.5<span class=\"_ _d2\"> </span>32.5<span class=\"_ _84\"> </span>8.7<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _6b\"> </span>10.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _87\"> </span><span class=\"ff88\">135.7<span class=\"_ _1a5\"> </span>9.9<span class=\"_ _84\"> </span>7.3<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">65.7<span class=\"_ _66\"> </span>9.5<span class=\"_ _150\"> </span>14.5<span class=\"_ _11a\"> </span><span class=\"ff88\">55.0<span class=\"_ _1a5\"> </span>9.2<span class=\"_ _80\"> </span>16.7<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">74.4<span class=\"_ _66\"> </span>8.6<span class=\"_ _6b\"> </span>11.6<span class=\"_ _7f\"> </span><span class=\"ff88\">76.7<span class=\"_ _1a5\"> </span>8.3<span class=\"_ _80\"> </span>10.8<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _205\"> </span><span class=\"ff89 ls4 ws0\">102.1<span class=\"_ _66\"> </span>6.6<span class=\"_ _66\"> </span>6.5<span class=\"_ _7d\"> </span><span class=\"ff88\">105.1<span class=\"_ _1a5\"> </span>5.1<span class=\"_ _84\"> </span>4.9<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _a2\"> </span>(55.5)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _9d\"> </span>(61.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from cont<span class=\"_ _3\"></span>inuing operations<span class=\"_ _206\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _6a\"> </span>166.9<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _207\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _109\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from disc<span class=\"_ _3\"></span>ontinued operations<span class=\"_ _b0\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _80\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0.1<span class=\"_ _15\"></span>m (<span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>: \u00a385.1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) is i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin CG<span class=\"_ _0\"></span>&amp;D a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>2: \u00a38<span class=\"_ _0\"></span>.4m) wit<span class=\"_ _0\"></span>hin C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>No sin<span class=\"_ _0\"></span>gle cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>nted for mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% of ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al reve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 or in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is not co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a sing<span class=\"_ _0\"></span>le cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>. A recon<span class=\"_ _0\"></span>cilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems t<span class=\"_ _0\"></span>o tot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>efore ta<span class=\"_ _0\"></span>x is p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>continuing operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>discontinued operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> G<span class=\"_ _2\"> </span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _1d3\"> </span><span class=\"ff89 ls4\">162.1<span class=\"_ _87\"> </span><span class=\"ff88\">166.9<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _3a\"> </span>169.8<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(45.1)<span class=\"_ _80\"> </span><span class=\"ff88\">(94.8)<span class=\"_ _1c7\"> </span>17.0<span class=\"_ _9d\"> </span>(77.8)<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce (<span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _3\"></span>/i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _209\"> </span><span class=\"ff89 ls4 ws0\">(11.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(19.8)<span class=\"_ _87\"> </span>0.1<span class=\"_ _1c7\"> </span>(19.7)<span class=\"_ _332\"> </span></span></span>Pro<span class=\"_ _0\"></span>fit b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re ta<span class=\"_ _2\"></span>x<span class=\"_ _20a\"> </span><span class=\"ff89 ls4\">105.5<span class=\"_ _7f\"> </span><span class=\"ff88\">52.3<span class=\"_ _80\"> </span>20.0<span class=\"_ _d2\"> </span>72.3<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Geographical s<span class=\"_ _3\"></span>egments<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ofit a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in from ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>re show<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profi<span class=\"_ _0\"></span>t before Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit before <span class=\"ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">3,895.2<span class=\"_ _164\"> </span>153.9<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,844.5<span class=\"_ _6a\"> </span>160.3<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20c\"> </span><span class=\"ff89 ls4 ws0\">159.9<span class=\"_ _66\"> </span>8.2<span class=\"_ _66\"> </span>5.1<span class=\"_ _7d\"> </span><span class=\"ff88\">152.3<span class=\"_ _1a5\"> </span>6.6<span class=\"_ _1a5\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _127\"> </span><span class=\"ff89 ws0\">4,055.1<span class=\"_ _cf\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _3a\"> </span>166.9<span class=\"_ _84\"> </span>4.2<span class=\"_ _332\"> </span></span></span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _84\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _84\"> </span>2.9<span class=\"_ _d2\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _6\"></span>10.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) i<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gdo<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d \u00a3n<span class=\"_ _0\"></span>il (202<span class=\"_ _0\"></span>2: \u00a3n<span class=\"_ _0\"></span>il) in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, by ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>phic<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>show<span class=\"_ _0\"></span>n bel<span class=\"_ _0\"></span>ow:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20e\"> </span><span class=\"ff89 ls4 ws0\">732.5<span class=\"_ _3a\"> </span><span class=\"ff88\">717.6<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20f\"> </span><span class=\"ff89 ls4 ws0\">16.0<span class=\"_ _80\"> </span><span class=\"ff88\">14.8<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">748.5<span class=\"_ _3a\"> </span><span class=\"ff88\">732.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. Trade a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m hav<span class=\"_ _0\"></span>e bee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s to n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ee N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span>Supplement<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y inf<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>ation<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Depreci<span class=\"_ _0\"></span>ation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>ty, plant and<span class=\"_ _3\"></span> equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of intangible asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of contract asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> items<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Depreciation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, plant<span class=\"_ _3\"></span> and equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of intangible as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">1.6<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.9<span class=\"_ _3a\"> </span><span class=\"ff88\">1.9<span class=\"_ _72\"> </span>2.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>17.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1cf\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _15e\"> </span>0.6<span class=\"_ _141\"> </span>0.3<span class=\"_ _d8\"> </span>10.8<span class=\"_ _3a\"> </span><span class=\"ff88\">0.8<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>21.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _b3\"> </span><span class=\"ff89 ls4 ws0\">0.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.8)<span class=\"_ _cf\"> </span><span class=\"ff88\">0.3<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.5)<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.4<span class=\"_ _6a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.9<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _75\"> </span><span class=\"ff89 ls4 ws0\">2.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _15e\"> </span>0.6<span class=\"_ _6a\"> </span><span class=\"ff88\">2.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _bb\"> </span>1.2<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _b5\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.6<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _213\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.9<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.4<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">36.2<span class=\"_ _81\"> </span>28.6<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _d8\"> </span>33.2<span class=\"_ _23\"> </span><span class=\"ff88\">35.0<span class=\"_ _1d\"> </span>24.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>45.6<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _5a\"> </span><span class=\"ff89 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.4<span class=\"_ _3b\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _1d\"> </span>94.8<span class=\"_ _332\"> </span></span></span>Social Hous<span class=\"_ _3\"></span>ing<span class=\"_ _71\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(4.0)<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _214\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(16.0)<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _215\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.0<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _216\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(17.0)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _217\"> </span><span class=\"ff89 ls4 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _141\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.6<span class=\"_ _1d\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _3b\"> </span>77.8<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>esc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span>Disa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s reven<span class=\"_ _0\"></span>ue from con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s by sec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r (gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd by cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _15\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th <span class=\"ls4\"> </span>a dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion from i<span class=\"_ _0\"></span>ncept<span class=\"_ _0\"></span>ion of le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on from in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of mo<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>wo yea<span class=\"_ _0\"></span>rs<span class=\"_ _3\"></span>). Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>s this b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s how t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, timi<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s are affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by econo<span class=\"_ _0\"></span>mic fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>. The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>s a reco<span class=\"_ _0\"></span>ncilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ated r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2023<span class=\"_ _332\"> </span>Sector<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contrac<span class=\"_ _0\"></span>t duration for timing of<span class=\"_ _3\"></span> revenue recognition<span class=\"_ _332\"> </span>Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _15\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">347.4<span class=\"_ _cf\"> </span>824.2<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _58\"> </span>177.9<span class=\"_ _164\"> </span>993.7<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">262.4<span class=\"_ _164\"> </span>891.7<span class=\"_ _1d\"> </span>1,154.1<span class=\"_ _58\"> </span>205.7<span class=\"_ _164\"> </span>948.4<span class=\"_ _1b\"> </span>1,154.1<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>828.3<span class=\"_ _101\"> </span>2.2<span class=\"_ _164\"> </span>826.1<span class=\"_ _f4\"> </span>828.3<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _218\"> </span><span class=\"ff89 ls4 ws0\">487.9<span class=\"_ _66\"> </span>2.3<span class=\"_ _164\"> </span>490.2<span class=\"_ _191\"> </span>\u2013<span class=\"_ _f4\"> </span>490.2<span class=\"_ _164\"> </span>490.2<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">278.4<span class=\"_ _164\"> </span>132.5<span class=\"_ _164\"> </span>410.9<span class=\"_ _219\"> </span>63.2<span class=\"_ _164\"> </span>347.7<span class=\"_ _164\"> </span>410.9<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _69\"> </span>\u2013<span class=\"_ _f4\"> </span>168.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _164\"> </span>168.7<span class=\"_ _164\"> </span>168.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">24.7<span class=\"_ _150\"> </span>41.0<span class=\"_ _6b\"> </span>65.7<span class=\"_ _219\"> </span>21.3<span class=\"_ _6b\"> </span>44.4<span class=\"_ _6b\"> </span>65.7<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">23.7<span class=\"_ _6b\"> </span>50.7<span class=\"_ _150\"> </span>74.4<span class=\"_ _50\"> </span>15.4<span class=\"_ _150\"> </span>59.0<span class=\"_ _1c7\"> </span>74.4<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">61.3<span class=\"_ _6b\"> </span>40.8<span class=\"_ _164\"> </span>102.1<span class=\"_ _219\"> </span>26.5<span class=\"_ _21a\"> </span>75.6<span class=\"_ _cf\"> </span>102.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations and total Group including joint ventures and associates<span class=\"_ _5b\"> </span><span class=\"ff89 ws0\">2,204.4<span class=\"_ _1b\"> </span>1,850.7<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,606.1<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(110.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _70\"> </span>(110.1)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations and total Group excluding joint v<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>tures and associates<span class=\"_ _ba\"> </span><span class=\"ff89 ws0\">2,094.3<span class=\"_ _1d\"> </span>1,850.7<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,496.0<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1m and \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he CG&amp;<span class=\"_ _0\"></span>D an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly.<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Sec<span class=\"_ _0\"></span>tor<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contract duration f<span class=\"_ _3\"></span>or timing<span class=\"_ _3\"></span> of reven<span class=\"_ _3\"></span>ue recognition<span class=\"_ _332\"> </span>Government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Non-government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20c\"> </span><span class=\"ls4 ws0\">686.6<span class=\"_ _3a\"> </span>835.4<span class=\"_ _bb\"> </span>1,522.0<span class=\"_ _87\"> </span>682.0<span class=\"_ _3a\"> </span>840.0<span class=\"_ _72\"> </span>1,522.0<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">258.9<span class=\"_ _3a\"> </span>714.0<span class=\"_ _3a\"> </span>972.9<span class=\"_ _11a\"> </span>79.2<span class=\"_ _3a\"> </span>893.7<span class=\"_ _3a\"> </span>972.9<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _21d\"> </span><span class=\"ls4 ws0\">669.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>669.4<span class=\"_ _69\"> </span>0.7<span class=\"_ _3a\"> </span>668.7<span class=\"_ _3a\"> </span>669.4<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _b5\"> </span><span class=\"ls4 ws0\">452.1<span class=\"_ _84\"> </span>7.9<span class=\"_ _3a\"> </span>460.0<span class=\"_ _7f\"> </span>18.2<span class=\"_ _3a\"> </span>441.8<span class=\"_ _3a\"> </span>460.0<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _155\"> </span><span class=\"ls4 ws0\">259.5<span class=\"_ _3a\"> </span>113.0<span class=\"_ _6a\"> </span>372.5<span class=\"_ _7f\"> </span>59.9<span class=\"_ _3a\"> </span>312.6<span class=\"_ _3a\"> </span>372.5<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _109\"> </span><span class=\"ff88 ls4\">135.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _6a\"> </span>135.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _21e\"> </span><span class=\"ff88 ls4 ws0\">20.0<span class=\"_ _80\"> </span>35.0<span class=\"_ _d2\"> </span>55.0<span class=\"_ _11a\"> </span>18.5<span class=\"_ _d2\"> </span>36.5<span class=\"_ _80\"> </span>55.0<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b9\"> </span><span class=\"ff88 ls4 ws0\">31.0<span class=\"_ _d2\"> </span>45.7<span class=\"_ _80\"> </span>76.7<span class=\"_ _7f\"> </span>14.1<span class=\"_ _80\"> </span>62.6<span class=\"_ _80\"> </span>76.7<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _21f\"> </span><span class=\"ff88 ls4 ws0\">72.8<span class=\"_ _80\"> </span>32.3<span class=\"_ _3a\"> </span>105.1<span class=\"_ _7f\"> </span>27.3<span class=\"_ _80\"> </span>77.8<span class=\"_ _3a\"> </span>105.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations including joint ventures and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,326.5<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,156.8<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(93.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _9d\"> </span>(93.5)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _52\"> </span>(93.5)<span class=\"_ _a2\"> </span>(93.5)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations excluding joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,233.0<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,063.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _332\"> </span></span>Document Management<span class=\"_ _220\"> </span><span class=\"ls4 ws0\">1.7<span class=\"_ _80\"> </span>23.8<span class=\"_ _d2\"> </span>25.5<span class=\"_ _69\"> </span>0.1<span class=\"_ _d2\"> </span>25.4<span class=\"_ _80\"> </span>25.5<span class=\"_ _332\"> </span></span>Nordics and P<span class=\"_ _3\"></span>oland <span class=\"_ _11f\"> </span><span class=\"ws0\">\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _d6\"> </span>\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _2a\"> </span><span class=\"ff88 ls4 ws0\">1.7<span class=\"_ _d2\"> </span>25.7<span class=\"_ _80\"> </span>27.4<span class=\"_ _60\"> </span>0.1<span class=\"_ _80\"> </span>27.3<span class=\"_ _d2\"> </span>27.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal Grou<span class=\"_ _0\"></span>p excluding j<span class=\"_ _3\"></span>oint ventures and a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,234.7<span class=\"_ _72\"> </span>1,696.0<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _59\"> </span>840.1<span class=\"_ _72\"> </span>3,090.6<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a385.1<span class=\"_ _3\"></span>m an<span class=\"_ _0\"></span>d \u00a38.4<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in th<span class=\"_ _0\"></span>e CG&amp;D a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce obl<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span>The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>cured for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r boo<span class=\"_ _0\"></span>k for each se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he ti<span class=\"_ _0\"></span>me ba<span class=\"_ _0\"></span>nds of w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to recog<span class=\"_ _0\"></span>nise s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>ed reve<span class=\"_ _0\"></span>nue o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red reve<span class=\"_ _0\"></span>nue co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds to a<span class=\"_ _0\"></span>ll fixed wo<span class=\"_ _0\"></span>rk con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of any an<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secure<span class=\"_ _0\"></span>d reven<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secured revenue  \u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">554.8<span class=\"_ _cf\"> </span>787.3<span class=\"_ _1b\"> </span>1,342.1<span class=\"_ _59\"> </span><span class=\"ff88\">638.8<span class=\"_ _3a\"> </span>805.5<span class=\"_ _bb\"> </span>1,444.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">482.6<span class=\"_ _164\"> </span>678.0<span class=\"_ _1d\"> </span>1,160.6<span class=\"_ _59\"> </span><span class=\"ff88\">443.9<span class=\"_ _3a\"> </span>779.9<span class=\"_ _bb\"> </span>1,223.8<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>503.8<span class=\"_ _1b\"> </span>1,263.3<span class=\"_ _1b\"> </span>1,767.1<span class=\"_ _87\"> </span><span class=\"ff88\">346.3<span class=\"_ _3a\"> </span>502.8<span class=\"_ _3a\"> </span>849.1<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>272.4<span class=\"_ _1b\"> </span>2,356.6<span class=\"_ _1b\"> </span>2,629.0<span class=\"_ _87\"> </span><span class=\"ff88\">275.2<span class=\"_ _72\"> </span>2,582.4<span class=\"_ _bb\"> </span>2,857.6<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">173.7<span class=\"_ _164\"> </span>396.8<span class=\"_ _164\"> </span>570.5<span class=\"_ _87\"> </span><span class=\"ff88\">194.7<span class=\"_ _3a\"> </span>484.4<span class=\"_ _3a\"> </span>679.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">105.1<span class=\"_ _164\"> </span>330.9<span class=\"_ _164\"> </span>436.0<span class=\"_ _87\"> </span><span class=\"ff88\">120.1<span class=\"_ _3a\"> </span>397.8<span class=\"_ _6a\"> </span>517.9<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">28.2<span class=\"_ _21a\"> </span>52.5<span class=\"_ _21a\"> </span>80.7<span class=\"_ _7f\"> </span><span class=\"ff88\">32.1<span class=\"_ _80\"> </span>68.8<span class=\"_ _3a\"> </span>100.9<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _221\"> </span><span class=\"ff89 ls4 ws0\">8.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _6b\"> </span>14.2<span class=\"_ _60\"> </span><span class=\"ff88\">7.0<span class=\"_ _1a5\"> </span>8.6<span class=\"_ _80\"> </span>15.6<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">32.2<span class=\"_ _66\"> </span>7.4<span class=\"_ _6b\"> </span>39.6<span class=\"_ _7f\"> </span><span class=\"ff88\">35.5<span class=\"_ _84\"> </span>9.2<span class=\"_ _80\"> </span>44.7<span class=\"_ _332\"> </span></span></span>Continuing<span class=\"_ _3\"></span> ope<span class=\"_ _0\"></span>rations and<span class=\"_ _3\"></span> tot<span class=\"_ _0\"></span>al Group<span class=\"_ _b7\"> </span><span class=\"ff89 ls4 ws0\">1,987.3<span class=\"_ _1d\"> </span>5,482.0<span class=\"_ _1b\"> </span>7,469.3<span class=\"_ _3a\"> </span><span class=\"ff88\">1,898.9<span class=\"_ _bb\"> </span>5,155.0<span class=\"_ _72\"> </span>7,053.9<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ord<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "3. Business segment informati<span class=\"_ _3\"></span>on<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess o<span class=\"_ _0\"></span>n a ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice di<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>. At 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>ad eig<span class=\"_ _0\"></span>ht re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>ble s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd the i<span class=\"_ _0\"></span>nforma<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted, is consi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th inform<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted to t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d of Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch is the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s Chief Ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Deci<span class=\"_ _0\"></span>sion M<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Revenu<span class=\"_ _0\"></span>e incl<span class=\"_ _0\"></span>uding s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>gin b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>mar<span class=\"_ _2\"></span>y mea<span class=\"_ _0\"></span>sures of p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce tha<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to an<span class=\"_ _0\"></span>d revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>ot be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ey are no<span class=\"_ _0\"></span>t revi<span class=\"_ _0\"></span>ewed by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>Consolidated income st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt information<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profit/(loss<span class=\"_ _3\"></span>) befor<span class=\"_ _0\"></span>e <span class=\"_ _15\"></span> Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) <span class=\"_ _3\"></span> bef<span class=\"_ _3\"></span>ore Other <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1d1\"> </span><span class=\"ff89 ls4 ws0\">1,171.6<span class=\"_ _150\"> </span>67.5<span class=\"_ _102\"> </span>5.8<span class=\"_ _3a\"> </span><span class=\"ff88\">1,522.0<span class=\"_ _3a\"> </span>107.5<span class=\"_ _84\"> </span>7.1<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">1,154.1<span class=\"_ _150\"> </span>34.1<span class=\"_ _102\"> </span>3.0<span class=\"_ _59\"> </span><span class=\"ff88\">972.9<span class=\"_ _80\"> </span>30.0<span class=\"_ _1a5\"> </span>3.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _150\"> </span>59.8<span class=\"_ _102\"> </span>7.2<span class=\"_ _59\"> </span><span class=\"ff88\">669.4<span class=\"_ _80\"> </span>38.4<span class=\"_ _1a5\"> </span>5.7<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties <span class=\"_ _202\"> </span><span class=\"ff89 ls4 ws0\">490.2<span class=\"_ _6b\"> </span>21.3<span class=\"_ _66\"> </span>4.3<span class=\"_ _87\"> </span><span class=\"ff88\">460.0<span class=\"_ _d2\"> </span>19.9<span class=\"_ _84\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">410.9<span class=\"_ _6b\"> </span>34.9<span class=\"_ _66\"> </span>8.5<span class=\"_ _87\"> </span><span class=\"ff88\">372.5<span class=\"_ _d2\"> </span>32.5<span class=\"_ _84\"> </span>8.7<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _6b\"> </span>10.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _87\"> </span><span class=\"ff88\">135.7<span class=\"_ _1a5\"> </span>9.9<span class=\"_ _84\"> </span>7.3<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">65.7<span class=\"_ _66\"> </span>9.5<span class=\"_ _150\"> </span>14.5<span class=\"_ _11a\"> </span><span class=\"ff88\">55.0<span class=\"_ _1a5\"> </span>9.2<span class=\"_ _80\"> </span>16.7<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">74.4<span class=\"_ _66\"> </span>8.6<span class=\"_ _6b\"> </span>11.6<span class=\"_ _7f\"> </span><span class=\"ff88\">76.7<span class=\"_ _1a5\"> </span>8.3<span class=\"_ _80\"> </span>10.8<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _205\"> </span><span class=\"ff89 ls4 ws0\">102.1<span class=\"_ _66\"> </span>6.6<span class=\"_ _66\"> </span>6.5<span class=\"_ _7d\"> </span><span class=\"ff88\">105.1<span class=\"_ _1a5\"> </span>5.1<span class=\"_ _84\"> </span>4.9<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _a2\"> </span>(55.5)<span class=\"_ _140\"> </span>\u2013<span class=\"_ _d6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _9d\"> </span>(61.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from cont<span class=\"_ _3\"></span>inuing operations<span class=\"_ _206\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _6a\"> </span>166.9<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _207\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _109\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal from disc<span class=\"_ _3\"></span>ontinued operations<span class=\"_ _b0\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _80\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0.1<span class=\"_ _15\"></span>m (<span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>: \u00a385.1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>) is i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin CG<span class=\"_ _0\"></span>&amp;D a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>2: \u00a38<span class=\"_ _0\"></span>.4m) wit<span class=\"_ _0\"></span>hin C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mun<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>No sin<span class=\"_ _0\"></span>gle cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r accou<span class=\"_ _0\"></span>nted for mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>% of ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>al reve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 or in t<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tive ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>. T<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is not co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d a sing<span class=\"_ _0\"></span>le cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>. A recon<span class=\"_ _0\"></span>cilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tems t<span class=\"_ _0\"></span>o tot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>efore ta<span class=\"_ _0\"></span>x is p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>2023<span class=\"_ _208\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Continuing operations and<span class=\"_ _3\"></span> total Group <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>continuing operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>From <span class=\"ls4 ws0\"> </span>discontinued operatio<span class=\"_ _0\"></span>ns <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> G<span class=\"_ _2\"> </span>r<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng profi<span class=\"_ _0\"></span>t before O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _1d3\"> </span><span class=\"ff89 ls4\">162.1<span class=\"_ _87\"> </span><span class=\"ff88\">166.9<span class=\"_ _1a5\"> </span>2.9<span class=\"_ _3a\"> </span>169.8<span class=\"_ _332\"> </span></span></span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>tems<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>(45.1)<span class=\"_ _80\"> </span><span class=\"ff88\">(94.8)<span class=\"_ _1c7\"> </span>17.0<span class=\"_ _9d\"> </span>(77.8)<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce (<span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s)<span class=\"_ _3\"></span>/i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me<span class=\"_ _209\"> </span><span class=\"ff89 ls4 ws0\">(11.5)<span class=\"_ _80\"> </span><span class=\"ff88\">(19.8)<span class=\"_ _87\"> </span>0.1<span class=\"_ _1c7\"> </span>(19.7)<span class=\"_ _332\"> </span></span></span>Pro<span class=\"_ _0\"></span>fit b<span class=\"_ _0\"></span>efo<span class=\"_ _0\"></span>re ta<span class=\"_ _2\"></span>x<span class=\"_ _20a\"> </span><span class=\"ff89 ls4\">105.5<span class=\"_ _7f\"> </span><span class=\"ff88\">52.3<span class=\"_ _80\"> </span>20.0<span class=\"_ _d2\"> </span>72.3<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in N<span class=\"_ _0\"></span>ote 4<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Geographical s<span class=\"_ _3\"></span>egments<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e, o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ofit a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in from ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s by geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>re show<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>low:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Reven<span class=\"_ _0\"></span>ue<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> profi<span class=\"_ _0\"></span>t before Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ope<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ing <span class=\"_ _15\"></span> mar<span class=\"_ _0\"></span>gin befo<span class=\"_ _0\"></span>re <span class=\"_ _15\"></span><span class=\"ws0\"> </span>Other items<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>profit before <span class=\"ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Oper<span class=\"_ _0\"></span>ating <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>margin before <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>%<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">3,895.2<span class=\"_ _164\"> </span>153.9<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,844.5<span class=\"_ _6a\"> </span>160.3<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20c\"> </span><span class=\"ff89 ls4 ws0\">159.9<span class=\"_ _66\"> </span>8.2<span class=\"_ _66\"> </span>5.1<span class=\"_ _7d\"> </span><span class=\"ff88\">152.3<span class=\"_ _1a5\"> </span>6.6<span class=\"_ _1a5\"> </span>4.3<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _127\"> </span><span class=\"ff89 ws0\">4,055.1<span class=\"_ _cf\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">3,996.8<span class=\"_ _3a\"> </span>166.9<span class=\"_ _84\"> </span>4.2<span class=\"_ _332\"> </span></span></span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _11a\"> </span><span class=\"ff88\">25.5<span class=\"_ _1a5\"> </span>2.8<span class=\"_ _d2\"> </span>11.0<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20d\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff88\">1.9<span class=\"_ _84\"> </span>0.1<span class=\"_ _1a5\"> </span>5.3<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">27.4<span class=\"_ _84\"> </span>2.9<span class=\"_ _d2\"> </span>10.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _9c\"> </span><span class=\"ff89 ls4 ws0\">4,055.1<span class=\"_ _164\"> </span>162.1<span class=\"_ _66\"> </span>4.0<span class=\"_ _3a\"> </span><span class=\"ff88\">4,024.2<span class=\"_ _6a\"> </span>169.8<span class=\"_ _1a5\"> </span>4.2<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>R<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>nue i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>are of j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>res a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, of wh<span class=\"_ _0\"></span>ich \u00a31<span class=\"_ _6\"></span>10.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>5m<span class=\"_ _3\"></span>) i<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gdo<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d \u00a3n<span class=\"_ _0\"></span>il (202<span class=\"_ _0\"></span>2: \u00a3n<span class=\"_ _0\"></span>il) in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n Not<span class=\"_ _0\"></span>e 4.<span class=\"_ _332\"> </span>The c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>curr<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, exclud<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, by ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>phic<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>show<span class=\"_ _0\"></span>n bel<span class=\"_ _0\"></span>ow:<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _20e\"> </span><span class=\"ff89 ls4 ws0\">732.5<span class=\"_ _3a\"> </span><span class=\"ff88\">717.6<span class=\"_ _332\"> </span></span></span>Other countries<span class=\"_ _20f\"> </span><span class=\"ff89 ls4 ws0\">16.0<span class=\"_ _80\"> </span><span class=\"ff88\">14.8<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _210\"> </span><span class=\"ff89 ls4 ws0\">748.5<span class=\"_ _3a\"> </span><span class=\"ff88\">732.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. Trade a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m hav<span class=\"_ _0\"></span>e bee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s to n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ee N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span>Supplement<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y inf<span class=\"_ _3\"></span>orm<span class=\"_ _0\"></span>ation<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Depreci<span class=\"_ _0\"></span>ation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>ty, plant and<span class=\"_ _3\"></span> equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of intangible asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisation of contract asse<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> items<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Depreciation of pr<span class=\"_ _3\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, plant<span class=\"_ _3\"></span> and equipment <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of intangible as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>Amor<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion of c<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>sets  \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  item<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20b\"> </span><span class=\"ff89 ls4 ws0\">1.6<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.9<span class=\"_ _3a\"> </span><span class=\"ff88\">1.9<span class=\"_ _72\"> </span>2.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>17.6<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1cf\"> </span><span class=\"ff89 ls4 ws0\">1.3<span class=\"_ _15e\"> </span>0.6<span class=\"_ _141\"> </span>0.3<span class=\"_ _d8\"> </span>10.8<span class=\"_ _3a\"> </span><span class=\"ff88\">0.8<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>21.1<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _b3\"> </span><span class=\"ff89 ls4 ws0\">0.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.8)<span class=\"_ _cf\"> </span><span class=\"ff88\">0.3<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.5)<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>0.4<span class=\"_ _6a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.9<span class=\"_ _332\"> </span></span></span>Specialist Services<span class=\"_ _75\"> </span><span class=\"ff89 ls4 ws0\">2.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _15e\"> </span>0.6<span class=\"_ _6a\"> </span><span class=\"ff88\">2.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _8d\"> </span><span class=\"ff89 ls4\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span>1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _bb\"> </span>1.2<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _b5\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.6<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _213\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _3a\"> </span><span class=\"ff88\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.9<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">0.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">1.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _bb\"> </span>0.4<span class=\"_ _332\"> </span></span></span>Corporate centre<span class=\"_ _11e\"> </span><span class=\"ff89 ls4 ws0\">36.2<span class=\"_ _81\"> </span>28.6<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _d8\"> </span>33.2<span class=\"_ _23\"> </span><span class=\"ff88\">35.0<span class=\"_ _1d\"> </span>24.0<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3b\"> </span>45.6<span class=\"_ _332\"> </span></span></span>Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _5a\"> </span><span class=\"ff89 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.4<span class=\"_ _3b\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _1d\"> </span>94.8<span class=\"_ _332\"> </span></span></span>Social Hous<span class=\"_ _3\"></span>ing<span class=\"_ _71\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(4.0)<span class=\"_ _332\"> </span></span></span>Document Management<span class=\"_ _214\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(16.0)<span class=\"_ _332\"> </span></span></span>Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _215\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.0<span class=\"_ _332\"> </span></span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _216\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _22\"> </span>(17.0)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal Group<span class=\"_ _217\"> </span><span class=\"ff89 ls4 ws0\">43.1<span class=\"_ _d8\"> </span>29.2<span class=\"_ _141\"> </span>1.3<span class=\"_ _d8\"> </span>45.1<span class=\"_ _23\"> </span><span class=\"ff88\">41.6<span class=\"_ _1d\"> </span>27.2<span class=\"_ _72\"> </span>1.7<span class=\"_ _3b\"> </span>77.8<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>ems a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>esc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n No<span class=\"_ _0\"></span>te 4.<span class=\"_ _332\"> </span>Disa<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated revenu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s reven<span class=\"_ _0\"></span>ue from con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s by sec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r (gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>nd by cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _15\"></span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th <span class=\"ls4\"> </span>a dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion from i<span class=\"_ _0\"></span>ncept<span class=\"_ _0\"></span>ion of le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on from in<span class=\"_ _0\"></span>cepti<span class=\"_ _0\"></span>on of mo<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>wo yea<span class=\"_ _0\"></span>rs<span class=\"_ _3\"></span>). Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>s this b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s how t<span class=\"_ _0\"></span>he na<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, timi<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow<span class=\"_ _0\"></span>s are affe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by econo<span class=\"_ _0\"></span>mic fac<span class=\"_ _2\"></span>tors<span class=\"_ _0\"></span>. The follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>s a reco<span class=\"_ _0\"></span>ncilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of dis<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ated r<span class=\"_ _0\"></span>evenu<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>2023<span class=\"_ _332\"> </span>Sector<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contrac<span class=\"_ _0\"></span>t duration for timing of<span class=\"_ _3\"></span> revenue recognition<span class=\"_ _332\"> </span>Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 2 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s <span class=\"_ _15\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">347.4<span class=\"_ _cf\"> </span>824.2<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _58\"> </span>177.9<span class=\"_ _164\"> </span>993.7<span class=\"_ _1b\"> </span>1,171.6<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">262.4<span class=\"_ _164\"> </span>891.7<span class=\"_ _1d\"> </span>1,154.1<span class=\"_ _58\"> </span>205.7<span class=\"_ _164\"> </span>948.4<span class=\"_ _1b\"> </span>1,154.1<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _c0\"> </span><span class=\"ff89 ls4 ws0\">828.3<span class=\"_ _60\"> </span>\u2013<span class=\"_ _164\"> </span>828.3<span class=\"_ _101\"> </span>2.2<span class=\"_ _164\"> </span>826.1<span class=\"_ _f4\"> </span>828.3<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _218\"> </span><span class=\"ff89 ls4 ws0\">487.9<span class=\"_ _66\"> </span>2.3<span class=\"_ _164\"> </span>490.2<span class=\"_ _191\"> </span>\u2013<span class=\"_ _f4\"> </span>490.2<span class=\"_ _164\"> </span>490.2<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">278.4<span class=\"_ _164\"> </span>132.5<span class=\"_ _164\"> </span>410.9<span class=\"_ _219\"> </span>63.2<span class=\"_ _164\"> </span>347.7<span class=\"_ _164\"> </span>410.9<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">168.7<span class=\"_ _69\"> </span>\u2013<span class=\"_ _f4\"> </span>168.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _164\"> </span>168.7<span class=\"_ _164\"> </span>168.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">24.7<span class=\"_ _150\"> </span>41.0<span class=\"_ _6b\"> </span>65.7<span class=\"_ _219\"> </span>21.3<span class=\"_ _6b\"> </span>44.4<span class=\"_ _6b\"> </span>65.7<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _204\"> </span><span class=\"ff89 ls4 ws0\">23.7<span class=\"_ _6b\"> </span>50.7<span class=\"_ _150\"> </span>74.4<span class=\"_ _50\"> </span>15.4<span class=\"_ _150\"> </span>59.0<span class=\"_ _1c7\"> </span>74.4<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">61.3<span class=\"_ _6b\"> </span>40.8<span class=\"_ _164\"> </span>102.1<span class=\"_ _219\"> </span>26.5<span class=\"_ _21a\"> </span>75.6<span class=\"_ _cf\"> </span>102.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations and total Group including joint ventures and associates<span class=\"_ _5b\"> </span><span class=\"ff89 ws0\">2,204.4<span class=\"_ _1b\"> </span>1,850.7<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,606.1<span class=\"_ _1b\"> </span>4,055.1<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(110.1)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _5e\"> </span>(110.1)<span class=\"_ _70\"> </span>(110.1)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations and total Group excluding joint v<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>tures and associates<span class=\"_ _ba\"> </span><span class=\"ff89 ws0\">2,094.3<span class=\"_ _1d\"> </span>1,850.7<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _58\"> </span>449.0<span class=\"_ _1b\"> </span>3,496.0<span class=\"_ _1b\"> </span>3,945.0<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1m and \u00a3<span class=\"_ _3\"></span>10.0<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he CG&amp;<span class=\"_ _0\"></span>D an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly.<span class=\"_ _332\"> </span>2022<span class=\"_ _332\"> </span>Sec<span class=\"_ _0\"></span>tor<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Contract duration f<span class=\"_ _3\"></span>or timing<span class=\"_ _3\"></span> of reven<span class=\"_ _3\"></span>ue recognition<span class=\"_ _332\"> </span>Government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Non-government <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _20c\"> </span><span class=\"ls4 ws0\">686.6<span class=\"_ _3a\"> </span>835.4<span class=\"_ _bb\"> </span>1,522.0<span class=\"_ _87\"> </span>682.0<span class=\"_ _3a\"> </span>840.0<span class=\"_ _72\"> </span>1,522.0<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _21c\"> </span><span class=\"ls4 ws0\">258.9<span class=\"_ _3a\"> </span>714.0<span class=\"_ _3a\"> </span>972.9<span class=\"_ _11a\"> </span>79.2<span class=\"_ _3a\"> </span>893.7<span class=\"_ _3a\"> </span>972.9<span class=\"_ _332\"> </span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _21d\"> </span><span class=\"ls4 ws0\">669.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>669.4<span class=\"_ _69\"> </span>0.7<span class=\"_ _3a\"> </span>668.7<span class=\"_ _3a\"> </span>669.4<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _b5\"> </span><span class=\"ls4 ws0\">452.1<span class=\"_ _84\"> </span>7.9<span class=\"_ _3a\"> </span>460.0<span class=\"_ _7f\"> </span>18.2<span class=\"_ _3a\"> </span>441.8<span class=\"_ _3a\"> </span>460.0<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _155\"> </span><span class=\"ls4 ws0\">259.5<span class=\"_ _3a\"> </span>113.0<span class=\"_ _6a\"> </span>372.5<span class=\"_ _7f\"> </span>59.9<span class=\"_ _3a\"> </span>312.6<span class=\"_ _3a\"> </span>372.5<span class=\"_ _332\"> </span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _109\"> </span><span class=\"ff88 ls4\">135.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _191\"> </span>\u2013<span class=\"_ _3a\"> </span>135.7<span class=\"_ _6a\"> </span>135.7<span class=\"_ _332\"> </span></span>Landscapes<span class=\"_ _21e\"> </span><span class=\"ff88 ls4 ws0\">20.0<span class=\"_ _80\"> </span>35.0<span class=\"_ _d2\"> </span>55.0<span class=\"_ _11a\"> </span>18.5<span class=\"_ _d2\"> </span>36.5<span class=\"_ _80\"> </span>55.0<span class=\"_ _332\"> </span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _b9\"> </span><span class=\"ff88 ls4 ws0\">31.0<span class=\"_ _d2\"> </span>45.7<span class=\"_ _80\"> </span>76.7<span class=\"_ _7f\"> </span>14.1<span class=\"_ _80\"> </span>62.6<span class=\"_ _80\"> </span>76.7<span class=\"_ _332\"> </span></span>Spain<span class=\"_ _21f\"> </span><span class=\"ff88 ls4 ws0\">72.8<span class=\"_ _80\"> </span>32.3<span class=\"_ _3a\"> </span>105.1<span class=\"_ _7f\"> </span>27.3<span class=\"_ _80\"> </span>77.8<span class=\"_ _3a\"> </span>105.1<span class=\"_ _332\"> </span></span>Continuing oper<span class=\"_ _0\"></span>ations including joint ventures and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,326.5<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,156.8<span class=\"_ _bb\"> </span>3,996.8<span class=\"_ _332\"> </span></span>Less: Joint v<span class=\"_ _3\"></span>entures and associates<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(93.5)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _9d\"> </span>(93.5)<span class=\"_ _21b\"> </span>\u2013<span class=\"_ _52\"> </span>(93.5)<span class=\"_ _a2\"> </span>(93.5)<span class=\"_ _332\"> </span>Continuing oper<span class=\"_ _0\"></span>ations excluding joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res and associates<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,233.0<span class=\"_ _72\"> </span>1,670.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _59\"> </span>840.0<span class=\"_ _72\"> </span>3,063.3<span class=\"_ _bb\"> </span>3,903.3<span class=\"_ _332\"> </span></span>Document Management<span class=\"_ _220\"> </span><span class=\"ls4 ws0\">1.7<span class=\"_ _80\"> </span>23.8<span class=\"_ _d2\"> </span>25.5<span class=\"_ _69\"> </span>0.1<span class=\"_ _d2\"> </span>25.4<span class=\"_ _80\"> </span>25.5<span class=\"_ _332\"> </span></span>Nordics and P<span class=\"_ _3\"></span>oland <span class=\"_ _11f\"> </span><span class=\"ws0\">\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _d6\"> </span>\u2013<span class=\"_ _84\"> </span>1.9<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span>Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _2a\"> </span><span class=\"ff88 ls4 ws0\">1.7<span class=\"_ _d2\"> </span>25.7<span class=\"_ _80\"> </span>27.4<span class=\"_ _60\"> </span>0.1<span class=\"_ _80\"> </span>27.3<span class=\"_ _d2\"> </span>27.4<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>otal Grou<span class=\"_ _0\"></span>p excluding j<span class=\"_ _3\"></span>oint ventures and a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff88 ls4 ws0\">2,234.7<span class=\"_ _72\"> </span>1,696.0<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _59\"> </span>840.1<span class=\"_ _72\"> </span>3,090.6<span class=\"_ _bb\"> </span>3,930.7<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>S<span class=\"_ _0\"></span>ec<span class=\"_ _2\"></span>tor is de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r on a<span class=\"_ _0\"></span>ny con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>, if t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a s<span class=\"_ _0\"></span>ubco<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r to a com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny re<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> classified as<span class=\"_ _3\"></span> government.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>ntu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s \u00a385.1<span class=\"_ _3\"></span>m an<span class=\"_ _0\"></span>d \u00a38.4<span class=\"_ _0\"></span>m wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in th<span class=\"_ _0\"></span>e CG&amp;D a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e all<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce obl<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _332\"> </span>The t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows t<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>cured for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r boo<span class=\"_ _0\"></span>k for each se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing da<span class=\"_ _0\"></span>te wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he ti<span class=\"_ _0\"></span>me ba<span class=\"_ _0\"></span>nds of w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to recog<span class=\"_ _0\"></span>nise s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>ed reve<span class=\"_ _0\"></span>nue o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. S<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red reve<span class=\"_ _0\"></span>nue co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nds to a<span class=\"_ _0\"></span>ll fixed wo<span class=\"_ _0\"></span>rk con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>the i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of any an<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pate<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ex<span class=\"_ _2\"></span>tensio<span class=\"_ _0\"></span>ns, i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>ts wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secure<span class=\"_ _0\"></span>d reven<span class=\"_ _0\"></span>ue <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Les<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Mo<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>an 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>al secured revenue  \u00a3m<span class=\"_ _332\"> </span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _155\"> </span><span class=\"ff89 ls4 ws0\">554.8<span class=\"_ _cf\"> </span>787.3<span class=\"_ _1b\"> </span>1,342.1<span class=\"_ _59\"> </span><span class=\"ff88\">638.8<span class=\"_ _3a\"> </span>805.5<span class=\"_ _bb\"> </span>1,444.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _39\"> </span><span class=\"ff89 ls4 ws0\">482.6<span class=\"_ _164\"> </span>678.0<span class=\"_ _1d\"> </span>1,160.6<span class=\"_ _59\"> </span><span class=\"ff88\">443.9<span class=\"_ _3a\"> </span>779.9<span class=\"_ _bb\"> </span>1,223.8<span class=\"_ _332\"> </span></span></span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>503.8<span class=\"_ _1b\"> </span>1,263.3<span class=\"_ _1b\"> </span>1,767.1<span class=\"_ _87\"> </span><span class=\"ff88\">346.3<span class=\"_ _3a\"> </span>502.8<span class=\"_ _3a\"> </span>849.1<span class=\"_ _332\"> </span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>272.4<span class=\"_ _1b\"> </span>2,356.6<span class=\"_ _1b\"> </span>2,629.0<span class=\"_ _87\"> </span><span class=\"ff88\">275.2<span class=\"_ _72\"> </span>2,582.4<span class=\"_ _bb\"> </span>2,857.6<span class=\"_ _332\"> </span></span>Specialist Services<span class=\"_ _203\"> </span><span class=\"ff89 ls4 ws0\">173.7<span class=\"_ _164\"> </span>396.8<span class=\"_ _164\"> </span>570.5<span class=\"_ _87\"> </span><span class=\"ff88\">194.7<span class=\"_ _3a\"> </span>484.4<span class=\"_ _3a\"> </span>679.1<span class=\"_ _332\"> </span></span></span>Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _9c\"> </span><span class=\"ff89 ls4\">105.1<span class=\"_ _164\"> </span>330.9<span class=\"_ _164\"> </span>436.0<span class=\"_ _87\"> </span><span class=\"ff88\">120.1<span class=\"_ _3a\"> </span>397.8<span class=\"_ _6a\"> </span>517.9<span class=\"_ _332\"> </span></span></span>Landscapes<span class=\"_ _16b\"> </span><span class=\"ff89 ls4 ws0\">28.2<span class=\"_ _21a\"> </span>52.5<span class=\"_ _21a\"> </span>80.7<span class=\"_ _7f\"> </span><span class=\"ff88\">32.1<span class=\"_ _80\"> </span>68.8<span class=\"_ _3a\"> </span>100.9<span class=\"_ _332\"> </span></span></span>Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _221\"> </span><span class=\"ff89 ls4 ws0\">8.2<span class=\"_ _66\"> </span>6.0<span class=\"_ _6b\"> </span>14.2<span class=\"_ _60\"> </span><span class=\"ff88\">7.0<span class=\"_ _1a5\"> </span>8.6<span class=\"_ _80\"> </span>15.6<span class=\"_ _332\"> </span></span></span>Spain<span class=\"_ _129\"> </span><span class=\"ff89 ls4 ws0\">32.2<span class=\"_ _66\"> </span>7.4<span class=\"_ _6b\"> </span>39.6<span class=\"_ _7f\"> </span><span class=\"ff88\">35.5<span class=\"_ _84\"> </span>9.2<span class=\"_ _80\"> </span>44.7<span class=\"_ _332\"> </span></span></span>Continuing<span class=\"_ _3\"></span> ope<span class=\"_ _0\"></span>rations and<span class=\"_ _3\"></span> tot<span class=\"_ _0\"></span>al Group<span class=\"_ _b7\"> </span><span class=\"ff89 ls4 ws0\">1,987.3<span class=\"_ _1d\"> </span>5,482.0<span class=\"_ _1b\"> </span>7,469.3<span class=\"_ _3a\"> </span><span class=\"ff88\">1,898.9<span class=\"_ _bb\"> </span>5,155.0<span class=\"_ _72\"> </span>7,053.9<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ord<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "4. Other items Other items are items of financial performance which management believes should be separately identified on the face of the income statement to assist  in understanding the underlying financial performance achieved by the Group. The Group separately reports impairment of goodwill, impairment and amortisation of acquisition related intangible assets, acquisition and disposal  related costs, gain or loss on business disposals, cost of restructuring programmes and other exceptional items as Other items, together with their  related tax effect. Continuing operations and total Group 2023 Restructure  costs  \u00a3m Acquisition  and disposal related costs  \u00a3m Other  exceptional  items  \u00a3m Tot al  \u00a3m Other items before tax (16.6) (25.1) (3.4) (45.1) Tax 3.2 4.4 0.6 8.2 Other items after tax (13.4) (20.7) (2.8) (36.9) Continuing operations 2022 Restructure  costs  \u00a3m Acquisition  and disposal related costs  \u00a3m Other  exceptional  items  \u00a3m Gain on  disposal  \u00a3m Total  \u00a3m Other items before tax (10.9) (89.3) 5.4 \u2013 (94.8) Tax 1 2.1 (3.1) (1.0) \u2013 (2.0) Other items after tax (8.8) (92.4) 4.4 \u2013  (96.8) Discontinued operations Other items before tax \u2013 4.0 \u2013 13.0 17.0 Tax \u2013 \u2013 \u2013 \u2013 \u2013 Other items after tax \u2013 4.0 \u2013 13.0 17.0 Total Group Other items before tax (10.9) (85.3) 5.4 13.0 (77.8) Tax 1 2.1 (3.1) (1.0) \u2013 (2.0) Other items after tax (8.8) (88.4) 4.4 13.0 (79.8) Note: 1.  Includes \u00a38.1m charge as a result of the increase in the rate of UK corporation tax from 1 April 2023. This primarily relates to the remeasurement of the deferred tax liability on the customer contracts and relationships intangible arising on the acquisition of Interserve. See Note 9. Restructure costs The Group has been undertaking a major transformation programme involving the restructuring of operations to reposition the business for its next phase of growth. The costs are analysed below: Continuing operations and total Group 2023  \u00a3m 2022  \u00a3m Group transformation programme: Project Fort\u00e9 1 (8.7) (10.2) Target Operating Model 2 (7.9)  (0.3) Property \u2013  (0.4) Restructure costs (16.6) (10.9) Tax 3.2 2.1 Restructure costs net of taxation (13.4) (8.8) Notes: 1.  Project Fort\u00e9 was launched in 2019, primarily focusing on re-engineering the Technical Services business to modernise and optimise workflow processes. The project has been completed in FY23, and therefore no further Other items costs will be incurred. The project has improved both the customer experience and efficiency of internal operations. Cumulative costs of \u00a340.1m have been recognised within the consolidated income statement and classified as Other items on Project Fort\u00e9 since its launch in 2019, of which \u00a36.5m were non-cash costs. 2.  The Target Operating Model is the next phase of the Group\u2019s transformation, and includes the further outsourcing of back-office functions, consolidating systems and processes, and optimising the organisation structure. The programme is expected to complete by 31 March 2024. The costs associated with the Group transformation programme include \u00a36.9m of external consultancy costs (2022: \u00a34.1m), fixed-term staff costs of \u00a36.9m (2022: \u00a35.2m) to manage and implement changes, redundancy costs of \u00a32.1m (2022: \u00a3nil) and dual-run licence costs in relation to decommissioned operating systems of \u00a30.7m (2022: \u00a3nil). In the year ended 31 March 2022, the Group also recognised a right-of-use asset impairment of \u00a30.1m, other onerous lease costs of \u00a30.2m and intangible asset impairments of \u00a31.3m. Acquisition and disposal related costs 2023 2022 Continuing operations and total Group  \u00a3m Continuing operations  \u00a3m Discontinued operations  \u00a3m Total  \u00a3m Interserve acquisition related income/(costs) 1 3.7 (2.4) \u2013 (2.4) Interserve integration costs 2 (5.5) (16.2) \u2013 (16.2) Interserve completion accounts adjustment \u2013 (45.6) \u2013 (45.6) Interserve amortisation of acquisition related assets 3 (16.7) (19.1) \u2013 (19.1) Total Interserve acquisition costs (18.5) (83.3) \u2013 (83.3) Other amortisation of acquisition related intangible assets (4.7) (2.8) \u2013 (2.8) Other acquisition transaction costs 4 (1.9) (3.2) \u2013 (3.2) Other disposal income 5 \u2013 \u2013 4.0 4.0 Acquisition and disposal costs (25.1) (89.3) 4.0 (85.3) Tax 4.4 (3.1) \u2013 (3.1) Acquisition and disposal costs net of taxation (20.7) (92.4) 4.0 (88.4) Notes: 1.  Comprises a provision release of \u00a31.2m for a certain pension scheme where the Group recognised a provision on the acquisition of Interserve for the scheme\u2019s exit payment, which has been settled during the year ended 31 March 2023 (see Note 21). Also includes a \u00a30.7m release of an employer liability insurance provision created on the acquisition of Interserve where the Group anticipates no further claims, \u00a30.9m professional fee accruals release and derecognition of a \u00a30.9m pre-acquisition contractual liability originally recognised against goodwill. The year ended 31 March 2022 costs comprised professional fees of \u00a32.5m and an additional provision in respect of parent company guarantees of \u00a30.6m, partially offset by the release of certain pre-acquisition net payable amounts in respect of Interserve of \u00a30.7m. 2.  Comprises \u00a33.4m of redundancy costs (2022: \u00a31.8m), staff related integration costs of \u00a30.4m (2022: \u00a33.1m) and professional fees of \u00a31.7m (2022: \u00a35.3m). In the year ended 31 March 2022, the Group also incurred dual running costs related to the transitional service arrangement of \u00a31.9m, IT integration costs of \u00a31.6m, software impairments of \u00a31.4m, rebranding costs of \u00a30.6m, other property related costs of \u00a30.2m, right-of-use asset impairments of \u00a30.1m and other integration costs of \u00a30.2m. 3.  Includes \u00a316.7m amortisation of customer contracts and relationships acquired with Interserve (2022: \u00a316.7m). In the year ended 31 March 2022, amortisation of \u00a32.4m was also charged with respect to customer contracts and relationships arising on the acquisition of Landmarc Support Services Limited, which has been equity accounted. See Notes 13 and 15. 4.  Comprises professional fees of \u00a31.7m (2022: \u00a31.7m) and \u00a30.2m of performance-based employment-linked earnouts and adjustments to deferred consideration (2022: \u00a31.0m). The year ended 31 March 2022 also included fixed-term staff costs of \u00a30.3m, other acquisition costs of \u00a30.1m and redundancy costs of \u00a30.1m relating to acquisitions other than Interserve. 5.  In the year ended 31 March 2022, the Group recognised other disposal income of \u00a34.0m related to rectification works on property maintenance contracts associated with the disposal of the Social Housing businessGain on disposal In the year ended 31 March 2022, a net gain on disposal of businesses of \u00a313.0m was recognised in Other items, comprising a net gain of \u00a316.0m in relation to the disposal of the Document Management business and a net loss on disposal of \u00a33.0m in relation to the disposal of the Nordics and Poland operations. See Note 5 for further details. Other exceptional items 2023 2022 Continuing operations and total Group  \u00a3m Continuing operations and total Group \u00a3m Settlement of contractual disputes \u2013 9.8 Digital supplier platform 1 (3.4) (4.4) Other exceptional items (3.4) 5.4 Tax 0.6 (1.0) Other exceptional items net of taxation (2.8) 4.4 Note: 1.  Costs of \u00a33.4m (2022: \u00a34.4m) incurred in the implementation of a new digital supplier platform, resulting in a step change in the Group\u2019s supply chain management capabilities. These comprise fixed-term staff costs of \u00a32.4m (2022: \u00a32.2m) and third-party implementation costs of \u00a31.0m (2022: \u00a32.2m). This implementation, which is transformational in nature, is expected to be completed during the year ending 31 March 2024. Cumulative cash costs of \u00a37.8m have been recognised within the consolidated income statement and classified as Other items since its launch in 2022. ",
   "dimensions": {
    "concept": "mitiegroupplc:DisclosureOfOtherItems",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "Other exceptional items 2023 2022 Continuing operations and total Group  \u00a3m Continuing operations and total Group \u00a3m Settlement of contractual disputes \u2013 9.8 Digital supplier platform 1 (3.4) (4.4) Other exceptional items (3.4) 5.4 Tax 0.6 (1.0) Other exceptional items net of taxation (2.8) 4.4 Note: 1.  Costs of \u00a33.4m (2022: \u00a34.4m) incurred in the implementation of a new digital supplier platform, resulting in a step change in the Group\u2019s supply chain management capabilities. These comprise fixed-term staff costs of \u00a32.4m (2022: \u00a32.2m) and third-party implementation costs of \u00a31.0m (2022: \u00a32.2m). This implementation, which is transformational in nature, is expected to be completed during the year ending 31 March 2024. Cumulative cash costs of \u00a37.8m have been recognised within the consolidated income statement and classified as Other items since its launch in 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Other exceptional items 2023 2022 Continuing operations and total Group  \u00a3m Continuing operations and total Group \u00a3m Settlement of contractual disputes \u2013 9.8 Digital supplier platform 1 (3.4) (4.4) Other exceptional items (3.4) 5.4 Tax 0.6 (1.0) Other exceptional items net of taxation (2.8) 4.4 Note: 1.  Costs of \u00a33.4m (2022: \u00a34.4m) incurred in the implementation of a new digital supplier platform, resulting in a step change in the Group\u2019s supply chain management capabilities. These comprise fixed-term staff costs of \u00a32.4m (2022: \u00a32.2m) and third-party implementation costs of \u00a31.0m (2022: \u00a32.2m). This implementation, which is transformational in nature, is expected to be completed during the year ending 31 March 2024. Cumulative cash costs of \u00a37.8m have been recognised within the consolidated income statement and classified as Other items since its launch in 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "5. Discontinued operations and disposal of subsidiaries Discontinued operations and disposal of subsidiaries in the year ended 31 March 2022 On 1 June 2021, the Group completed the sale of Mitie Norge AS, Mitie Sverige AB and Mitie Polska Sp z.o.o. (together, the Nordics and Poland operations). On 30 September 2021, the Group completed the sale of Mitie Business Services Limited and Mitie Business Services UK Limited (together, the Document Management business). The results of the Nordics and Poland operations and the Document Management business were classified as discontinued operations at 31 March 2022. The Group recognised a net loss on disposal of \u00a33.0m in relation to the disposal of the Nordics and Poland operations and a net gain on disposal of \u00a316.0m in relation to the disposal of the Document Management business. 2022 Nordics and  Poland  \u00a3m Document Management  \u00a3m Social Housing  \u00a3m Total  \u00a3m Total consideration 0.3 36.7 \u2013 37.0 Net assets disposed 1 (2.9) (19.7) \u2013 (22.6) Recycling of foreign exchange loss in reserves (0.3) \u2013 \u2013 (0.3) Transaction costs (0.1) (1.0) \u2013 (1.1) Net (loss)/gain on disposal of discontinued operations as reported in Other items  (see Note 4) (3.0) 16.0 \u2013 13.0 Profit before tax before Other items 0.1 2.9 \u2013 3.0 Other items (see Note 4) \u2013 \u2013 4.0 4.0 Profit before tax 0.1 2.9 4.0 7.0 Tax \u2013 (0.6) \u2013 (0.6) Profit for the year after tax 0.1 2.3 4.0 6.4 Total (loss)/profit for the year (2.9) 18.3 4.0 19.4 Note: 1.  Net assets disposed in the Nordics and Poland operations included goodwill of \u00a31.4m and cash balances of \u00a31.5m. Net assets disposed in the Document Management business included goodwill of \u00a314.4m and cash balances of \u00a34.6m. Cash flows from discontinued operations 2022 Nordics and  Poland  \u00a3m Document Management  \u00a3m Total  \u00a3m Cash consideration 0.3 36.7 37.0 Cash disposed  (1.5) (4.6) (6.1) Cash transaction costs \u2013 (1.0) (1.0) Disposal proceeds net of cash disposed and transaction costs (1.2) 31.1 29.9 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "5. Discontinued operations and disposal of subsidiaries Discontinued operations and disposal of subsidiaries in the year ended 31 March 2022 On 1 June 2021, the Group completed the sale of Mitie Norge AS, Mitie Sverige AB and Mitie Polska Sp z.o.o. (together, the Nordics and Poland operations). On 30 September 2021, the Group completed the sale of Mitie Business Services Limited and Mitie Business Services UK Limited (together, the Document Management business). The results of the Nordics and Poland operations and the Document Management business were classified as discontinued operations at 31 March 2022. The Group recognised a net loss on disposal of \u00a33.0m in relation to the disposal of the Nordics and Poland operations and a net gain on disposal of \u00a316.0m in relation to the disposal of the Document Management business. 2022 Nordics and  Poland  \u00a3m Document Management  \u00a3m Social Housing  \u00a3m Total  \u00a3m Total consideration 0.3 36.7 \u2013 37.0 Net assets disposed 1 (2.9) (19.7) \u2013 (22.6) Recycling of foreign exchange loss in reserves (0.3) \u2013 \u2013 (0.3) Transaction costs (0.1) (1.0) \u2013 (1.1) Net (loss)/gain on disposal of discontinued operations as reported in Other items  (see Note 4) (3.0) 16.0 \u2013 13.0 Profit before tax before Other items 0.1 2.9 \u2013 3.0 Other items (see Note 4) \u2013 \u2013 4.0 4.0 Profit before tax 0.1 2.9 4.0 7.0 Tax \u2013 (0.6) \u2013 (0.6) Profit for the year after tax 0.1 2.3 4.0 6.4 Total (loss)/profit for the year (2.9) 18.3 4.0 19.4 Note: 1.  Net assets disposed in the Nordics and Poland operations included goodwill of \u00a31.4m and cash balances of \u00a31.5m. Net assets disposed in the Document Management business included goodwill of \u00a314.4m and cash balances of \u00a34.6m. Cash flows from discontinued operations 2022 Nordics and  Poland  \u00a3m Document Management  \u00a3m Total  \u00a3m Cash consideration 0.3 36.7 37.0 Cash disposed  (1.5) (4.6) (6.1) Cash transaction costs \u2013 (1.0) (1.0) Disposal proceeds net of cash disposed and transaction costs (1.2) 31.1 29.9 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "6. Operating profit Operating profit includes the following expenses/(income): Total Group 2023  \u00a3m 2022  \u00a3m Depreciation of property, plant and equipment (Note 14 and Note 26) 43.1 41.6 Amortisation of other intangible assets (Note 13) 29.2 27.2 Amortisation of contract assets (Note 17) 1.3 1.7 Impairment of right-of-use assets (Note 26) 0.2 0.2 Impairment of other intangible assets (Note 13) \u2013 3.5 Loss on disposal of property, plant and equipment  0.1 0.5 Gain on disposal of businesses (Note 5) \u2013  (13.0) Impairment loss recognised on trade receivables (Note 25) 1.3 1.5 Impairment loss recognised on accrued income (Note 25) 1.5 0.6 Reversal of impairment on accrued income (Note 25) \u2013 (1.3) A detailed analysis of auditor\u2019s remuneration is provided below: 2023  \u00a3\u2019000 2022  \u00a3\u2019000 Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s annual accounts  299 252 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 current year 3,475 2,933 Total audit fees \u2013 current year 3,774 3,185 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 prior year 563 115 Total audit fees 4,337 3,300 Audit-related assurance services to the Group (interim review) 195 175 Other assurance services 11 9 Total non-audit fees 206 184 Total 4,543 3,484 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-669": {
   "value": "Operating profit includes the following expenses/(income): Total Group 2023  \u00a3m 2022  \u00a3m Depreciation of property, plant and equipment (Note 14 and Note 26) 43.1 41.6 Amortisation of other intangible assets (Note 13) 29.2 27.2 Amortisation of contract assets (Note 17) 1.3 1.7 Impairment of right-of-use assets (Note 26) 0.2 0.2 Impairment of other intangible assets (Note 13) \u2013 3.5 Loss on disposal of property, plant and equipment  0.1 0.5 Gain on disposal of businesses (Note 5) \u2013  (13.0) Impairment loss recognised on trade receivables (Note 25) 1.3 1.5 Impairment loss recognised on accrued income (Note 25) 1.5 0.6 Reversal of impairment on accrued income (Note 25) \u2013 (1.3) A detailed analysis of auditor\u2019s remuneration is provided below: 2023  \u00a3\u2019000 2022  \u00a3\u2019000 Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s annual accounts  299 252 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 current year 3,475 2,933 Total audit fees \u2013 current year 3,774 3,185 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 prior year 563 115 Total audit fees 4,337 3,300 Audit-related assurance services to the Group (interim review) 195 175 Other assurance services 11 9 Total non-audit fees 206 184 Total 4,543 3,484 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "Operating profit includes the following expenses/(income): Total Group 2023  \u00a3m 2022  \u00a3m Depreciation of property, plant and equipment (Note 14 and Note 26) 43.1 41.6 Amortisation of other intangible assets (Note 13) 29.2 27.2 Amortisation of contract assets (Note 17) 1.3 1.7 Impairment of right-of-use assets (Note 26) 0.2 0.2 Impairment of other intangible assets (Note 13) \u2013 3.5 Loss on disposal of property, plant and equipment  0.1 0.5 Gain on disposal of businesses (Note 5) \u2013  (13.0) Impairment loss recognised on trade receivables (Note 25) 1.3 1.5 Impairment loss recognised on accrued income (Note 25) 1.5 0.6 Reversal of impairment on accrued income (Note 25) \u2013 (1.3) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "A detailed analysis of auditor\u2019s remuneration is provided below: 2023  \u00a3\u2019000 2022  \u00a3\u2019000 Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s annual accounts  299 252 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 current year 3,475 2,933 Total audit fees \u2013 current year 3,774 3,185 Fees payable to the Company\u2019s auditor and its associates for the audit of the Company\u2019s subsidiaries pursuant  to legislation \u2013 prior year 563 115 Total audit fees 4,337 3,300 Audit-related assurance services to the Group (interim review) 195 175 Other assurance services 11 9 Total non-audit fees 206 184 Total 4,543 3,484 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls1a8 ws1d3 gs3ff\">7.<span class=\"_ _2\"></span> E<span class=\"_ _4\"></span>m<span class=\"_ _4\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _4\"></span>o<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>e<span class=\"_ _4\"></span>s<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs400\">The ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of peo<span class=\"_ _0\"></span>ple e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l yea<span class=\"_ _0\"></span>r wa<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls155 ws179 gs401\">Number of<span class=\"_ _3\"></span> people<span class=\"_ _332\"> </span></div><div class=\"t m1 h81 ff87 fs3c fc7 sc0 ls4 ws0 gs402\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs403\">2023<span class=\"_ _d2\"> </span><span class=\"ff88 ls7f ws106\">202<span class=\"_ _0\"></span>2<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs404\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices<span class=\"_ _242\"> </span><span class=\"ff89 ls4 ws0\">9,540<span class=\"_ _3a\"> </span><span class=\"ff88\">8,668<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs405\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _185\"> </span><span class=\"ff89 ls4 ws0\">30,747<span class=\"_ _7c\"> </span><span class=\"ff88\">38,501<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls102 ws11c gs406\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _243\"> </span><span class=\"ff89 ls4 ws0\">5,452<span class=\"_ _3a\"> </span><span class=\"ff88\">4,858<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 ws10 gs407\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _244\"> </span><span class=\"ff89 ls4 ws0\">7,760<span class=\"_ _3a\"> </span><span class=\"ff88\">7,714<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs408\">Specialist Services<span class=\"_ _18c\"> </span><span class=\"ff89 ls4 ws0\">7,688<span class=\"_ _3a\"> </span><span class=\"ff88\">7,531<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls6d ws0 gs409\">Care &amp; Cus<span class=\"_ _0\"></span>tody<span class=\"_ _245\"> </span><span class=\"ff89 ls4\">2,555<span class=\"_ _6a\"> </span><span class=\"ff88\">2,190<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls20 ws1f gs40a\">Landscapes<span class=\"_ _246\"> </span><span class=\"ff89 ls4 ws0\">827<span class=\"_ _7d\"> </span><span class=\"ff88\">730<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls126 ws149 gs40b\">Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _247\"> </span><span class=\"ff89 ls4 ws0\">230<span class=\"_ _7d\"> </span><span class=\"ff88\">260<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff8b fs5 fc7 sc0 ls2b ws2c gs40c\">Spain<span class=\"_ _248\"> </span><span class=\"ff89 ls4 ws0\">4,076<span class=\"_ _6a\"> </span><span class=\"ff88\">4,351<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs40d\">Corporate centre<span class=\"_ _249\"> </span><span class=\"ff89 ls4 ws0\">133<span class=\"_ _87\"> </span><span class=\"ff88\">130<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs40e\">Continuing oper<span class=\"_ _0\"></span>ations<span class=\"_ _14c\"> </span><span class=\"ff89 ws0\">61,320<span class=\"_ _23\"> </span><span class=\"ff88\">67,402<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs40f\">Nordics and P<span class=\"_ _3\"></span>oland<span class=\"_ _24a\"> </span><span class=\"ff89 ws0\">\u2013<span class=\"_ _7f\"> </span><span class=\"ff88\">17<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs410\">Document Management<span class=\"_ _24b\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">659<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs411\">Discontinued<span class=\"_ _3\"></span> oper<span class=\"_ _0\"></span>ations<span class=\"_ _24c\"> </span><span class=\"ff89 ls4 ws0\">\u2013 <span class=\"_ _58\"> </span><span class=\"ff88\">676<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs412\">T<span class=\"_ _15\"></span>otal Group<span class=\"_ _24a\"> </span><span class=\"ff89 ls4 ws0\">61,320<span class=\"_ _23\"> </span><span class=\"ff88\">68,078<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs413\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs414\">1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>Ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>e emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs416\">The t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s, we<span class=\"_ _0\"></span>re:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs417\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs418\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs419\">2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs41a\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs41b\">Wages an<span class=\"_ _0\"></span>d sa<span class=\"_ _0\"></span>lar<span class=\"_ _0\"></span>ies<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs41c\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs41d\">1,776.0<span class=\"_ _bb\"> </span><span class=\"ff88\">1,928.4<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs41e\">Social sec<span class=\"_ _3\"></span>urit<span class=\"_ _0\"></span>y costs<span class=\"_ _24d\"> </span><span class=\"ff89 ls4 ws0\">163.5<span class=\"_ _3a\"> </span><span class=\"ff88\">143.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs41f\">O<span class=\"_ _0\"></span>ther pension cost<span class=\"_ _0\"></span>s<span class=\"_ _241\"> </span><span class=\"ff89 ls4 ws0\">39.1<span class=\"_ _80\"> </span><span class=\"ff88\">40.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs420\">Sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (Not<span class=\"_ _0\"></span>e 3<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _1f8\"> </span><span class=\"ff89 ls4\">17.3<span class=\"_ _80\"> </span><span class=\"ff88\">18.6 </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls16e ws79 gs421\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _24e\"> </span><span class=\"ff89 ls4 ws0\">1,995.9<span class=\"_ _bb\"> </span><span class=\"ff88\">2,131.5<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs422\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs423\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>F<span class=\"_ _0\"></span>or th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>2, w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ced b<span class=\"_ _0\"></span>y an a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted U<span class=\"_ _0\"></span>K Go<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>nav<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>us Jo<span class=\"_ _0\"></span>b </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs424\">Ret<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. N<span class=\"_ _0\"></span>o Cor<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>avir<span class=\"_ _0\"></span>us J<span class=\"_ _0\"></span>ob R<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts we<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d for the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 31 March 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs425\">Exec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ive a<span class=\"_ _0\"></span>nd No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>xecut<span class=\"_ _0\"></span>ive D<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tors\u2019 ag<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>te em<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re sh<span class=\"_ _0\"></span>own b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs426\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs427\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs428\">2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs429\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs42a\">Sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-ter<span class=\"_ _0\"></span>m ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _181\"> </span><span class=\"ff89 ls4\">3.0<span class=\"_ _84\"> </span><span class=\"ff88\">3.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs42b\">Pensio<span class=\"_ _0\"></span>n and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _1fd\"> </span><span class=\"ff89 ls4\">0.2<span class=\"_ _1a5\"> </span><span class=\"ff88\">0.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs42c\">Share-based payments<span class=\"_ _24f\"> </span><span class=\"ff89 ls4 ws0\">5.6<span class=\"_ _84\"> </span><span class=\"ff88\">5.5<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls16e ws79 gs42d\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _250\"> </span><span class=\"ff89 ls4 ws0\">8.8<span class=\"_ _84\"> </span><span class=\"ff88\">9.3<span class=\"_ _332\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-670": {
   "value": "2023  \u00a3m 2022  \u00a3m Wages and salaries 1 1,776.0 1,928.4 Social security costs 163.5 143.7 Other pension costs 39.1 40.8 Share-based payments (Note 31) 17.3 18.6 Total 1,995.9 2,131.5 Note: 1.  For the year ended 31 March 2022, wages and salaries were reduced by an amount of \u00a39.5m, which represented UK Government grants received under the Coronavirus Job Retention Scheme. No Coronavirus Job Retention Scheme grants were received for the year ended 31 March 2023. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-681": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-671": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-695": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-689": {
   "value": "8. Finance costs and income Finance costs 2023  \u00a3m 2022  \u00a3m Interest on bank loans 2.2 4.3 Interest on private placement loan notes 5.9 6.1 Bank fees 1.1 4.7 Interest on lease liabilities (Note 26) 4.2 4.0 Unwinding of discount on provisions 0.2 \u2013 Net interest on defined benefit pension scheme assets and liabilities (Note 32) 0.1 0.9 Total 13.7 20.0 Finance income 2023  \u00a3m 2022  \u00a3m Bank interest and total 2.2 0.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "9. Tax Total Group 2023  \u00a3m 2022  \u00a3m Current tax 19.2 19.4 Deferred tax (Note 22) (4.8) 2.2 Tax charge for the year 14.4 21.6 Continuing operations 14.4 21.0 Discontinued operations \u2013 0.6 Tax charge for the year 14.4 21.6 Corporation tax is calculated at 19% (2022: 19%) of the estimated taxable profit for the year. A reconciliation of the tax charge to the elements of profit before tax per the consolidated income statement is as follows: Total Group 2023 2022 Before  Other items  \u00a3m Other items 1 \u00a3m Tot al  \u00a3m Before  Other items  \u00a3m Other items 1 \u00a3m Total  \u00a3m Profit/(loss) before tax 150.6 (45.1) 105.5 150.1 (77.8) 72.3 Tax at UK rate of 19% (2022: 19%) 28.6 (8.5) 20.1 28.5 (14.8) 13.7 Reconciling tax charges for: Non-tax deductible charges (0.8) 0.3 (0.5)  \u2013 9.0 9.0 Share-based payments \u2013 \u2013 \u2013 (0.6) \u2013 (0.6) Gain on disposal of businesses \u2013 \u2013 \u2013 \u2013 (2.5) (2.5) Impact of equity accounted investments (1.6) \u2013 (1.6) (1.7) 0.5 (1.2) (Credit)/charge for losses not previously recognised (5.3) \u2013 (5.3)  2.2 \u2013 2.2 Overseas tax rates (0.3) \u2013 (0.3) (0.5) \u2013 (0.5) Impact of change in statutory tax rates \u2013  \u2013 \u2013 (9.0) 8.1 (0.9) Prior year adjustments 2.0 \u2013 2.0 0.7 1.7 2.4 Tax charge/(credit) for the year 22.6 (8.2) 14.4 19.6 2.0 21.6 Effective tax rate for the year 15.0% 18.2% 13.6% 13.1% (2.6%) 29.9% Note: 1.   Other items are as described in Note 4. In addition to the amounts charged to the consolidated income statement: (i) a \u00a31.1m credit for current tax (2022: \u00a3nil) and a \u00a31.5m credit for deferred tax (2022: \u00a33.8m charge) relating to remeasurements of retirement benefit liabilities have been taken directly to the statement of comprehensive income; in the prior year a \u00a30.1m credit for deferred tax relating to hedged items was also taken directly to the statement of comprehensive income; and (ii) a \u00a31.1m credit for current tax (2022: \u00a3nil) and a \u00a34.9m credit for deferred tax (2022: \u00a30.2m charge) relating to share options have been taken directly to equity. The UK corporation tax rate will increase from 19% to 25% from 1 April 2023. This change has been substantively enacted at the balance sheet date and is therefore incorporated into the amounts contained in this report. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "10. Dividends 2023  Pence per share 2023  \u00a3m 2022  Pence per share 2022  \u00a3m Amounts recognised as distributions in the year: Final dividend for the prior year 1.4 19.5 \u2013 \u2013 Interim dividend for the current year 0.7 9.4 0.4 5.7 2.1 28.9 0.4 5.7 Proposed final dividend for the year ended 31 March 2.2 28.7 1.4 19.5 Dividends are recognised as distributions in the year in which they are paid. Subject to approval at the Annual General Meeting on 25 July 2023, the final dividend for the year ended 31 March 2023 will be paid on 4 August 2023 to holders on the register on 23 June 2023. The ordinary shares will be quoted ex-dividend on 22 June 2023. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "0.021",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-640": {
   "value": "0.004",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2021-04-01T00:00:00/2022-04-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-596": {
   "value": "11. Earnings per share The calculation of the basic and diluted EPS is based on the following data: 2023 2022 Continuing operations and total Group  \u00a3m From  continuing  operations  \u00a3m From  discontinued  operations  \u00a3m Total  Group  \u00a3m Net profit before Other items attributable to owners of the parent 128.0 128.1 2.4 130.5 Other items net of tax 1 (36.9) (96.8) 17.0 (79.8) Net profit attributable to owners of the parent 91.1 31.3 19.4 50.7 Note: 1.  Other items are as described in Note 4. Number of shares 2023  million 2022  million Weighted average number of ordinary shares for the purpose of basic EPS 1 1,348.4 1,395.4 Effect of dilutive potential ordinary shares 2 132.9 143.2 Weighted average number of ordinary shares for the purpose of diluted EPS 1,2 1,481.3 1,538.6 Notes: 1.  The weighted average number of ordinary shares in issue during the year excludes those accounted for in the Own shares reserve. 2.  The dilutive potential ordinary shares relate to instruments that could potentially dilute basic earnings per share in the future, such as share-based payments. The diluted earnings  per share uses the weighted average number of shares adjusted for potentially dilutive ordinary shares, unless it has the effect of increasing the earnings per share. 2023 2022 Continuing operations  and total Group  pence per share From  continuing operations  pence per share From  discontinued  operations  pence per share Total  Group  pence per share Basic earnings before Other items 1 9.5 9.2 0.2 9.4 Basic earnings 6.8 2.2 1.4 3.6 Diluted earnings before Other items 1 8.6 8.3 0.2 8.5 Diluted earnings 6.2 2.0 1.3 3.3 Note: 1.  Other items are as described in Note 4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs4c4\">1<span class=\"_ _6\"></span>2<span class=\"_ _2\"></span>. Goodwill<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs4c5\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws15 gs4c6\">Cost<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs4c7\">At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _262\"> </span><span class=\"ff89 ls4\">327.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs4c8\">Arising on business combinations<span class=\"_ _263\"> </span><span class=\"ff89 ls4 ws0\">22.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs4c9\">Disposal of businesses<span class=\"_ _264\"> </span><span class=\"ff89 ws0\">(15.8)<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs4ca\">At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">333.8<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gs4cb\">Arising on business combinations<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs4cc\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff89 fs5 fc7 sc0 ls4 ws0 gs4cd\">11.0<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs4ce\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">344.8<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls32 ws60 gs4cf\">Accumulated impairment losses<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs4d0\">At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _267\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs4d1\">At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _268\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs4d2\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _269\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs4d3\">Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs4d4\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">312.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs4d5\">At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">301.3<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs4d6\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs4d7\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d P2M<span class=\"_ _0\"></span>L, 8<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>8 and C<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023. R<span class=\"_ _0\"></span>efer to No<span class=\"_ _0\"></span>te 30<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>so in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>esu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs4d8\">in in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses of \u00a3<span class=\"_ _0\"></span>0.4m a<span class=\"_ _0\"></span>nd \u00a30.1<span class=\"_ _3\"></span>m to t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he DAEL an<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>iote<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly. </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs4d9\">Goodw<span class=\"_ _0\"></span>ill impairment tes<span class=\"_ _0\"></span>ting<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4da\">Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d in a bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span>, at a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, to the CGUs t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t from tha<span class=\"_ _0\"></span>t bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s comb<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4db\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nnua<span class=\"_ _0\"></span>lly for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or m<span class=\"_ _0\"></span>ore freq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly i<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span>re are i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill may be i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4dc\">A sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d the d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows: </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs4dd\">Pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls1ab ws142 gs4de\">discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs4df\">%<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs4e0\">Goodw<span class=\"_ _0\"></span>ill <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs4e1\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs4e2\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs4e3\">Goo<span class=\"_ _0\"></span>dwill  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs4e4\">2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs4e5\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs4e6\">T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1a9\"> </span><span class=\"ff89 ls4 ws0\">12.3%<span class=\"_ _164\"> </span>116.8<span class=\"_ _3a\"> </span><span class=\"ff88\">105.9<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs4e7\">Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1e2\"> </span><span class=\"ff89 ls4 ws0\">14.7%<span class=\"_ _cf\"> </span>105.1<span class=\"_ _3a\"> </span><span class=\"ff88\">105.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 ws10 gs4e8\">Communi<span class=\"_ _0\"></span>ties<span class=\"_ _22c\"> </span><span class=\"ff89 ls4 ws0\">13.8%<span class=\"_ _6b\"> </span>81.0<span class=\"_ _d2\"> </span><span class=\"ff88\">81.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws0 gs4e9\">Land<span class=\"_ _0\"></span>scapes<span class=\"_ _1ad\"> </span><span class=\"ff89\">12.8%<span class=\"_ _66\"> </span>6.7<span class=\"_ _84\"> </span></span>6.6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls102 ws11c gs4ea\">CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _1b5\"> </span><span class=\"ff89 ls4 ws0\">13.2%<span class=\"_ _102\"> </span>2.7<span class=\"_ _1a5\"> </span><span class=\"ff88\">2.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls16e ws79 gs4eb\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _26a\"> </span><span class=\"ff89 ls4 ws0\">312.3<span class=\"_ _3a\"> </span><span class=\"ff88\">301.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs4ec\">Ke<span class=\"_ _3\"></span>y assumptions<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4ed\">The r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>or e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>in-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich is d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4ee\">in va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-i<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>use c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re tho<span class=\"_ _0\"></span>se reg<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ding forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th rate<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d discou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gs4ef\">Foreca<span class=\"_ _0\"></span>st oper<span class=\"_ _0\"></span>ating profits </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f0\">For all CGU<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w proje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ecen<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ding 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4 an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f1\">s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic pl<span class=\"_ _0\"></span>an to 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 202<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>. Fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t cos<span class=\"_ _2\"></span>ts are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons of fu<span class=\"_ _0\"></span>ture ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f2\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el an<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs4f3\">Grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ues<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f4\">Med<span class=\"_ _0\"></span>ium<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m reve<span class=\"_ _0\"></span>nue gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-in<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of ea<span class=\"_ _0\"></span>ch CGU refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt\u2019s s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>y for a per<span class=\"_ _0\"></span>iod of fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f5\">T<span class=\"_ _15\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s were d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ned u<span class=\"_ _0\"></span>sing a lo<span class=\"_ _0\"></span>ng-te<span class=\"_ _0\"></span>rm g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion of 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (2022: 2<span class=\"_ _0\"></span>.0%<span class=\"_ _0\"></span>).<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs4f6\">Discount rates<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f7\">The p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-ta<span class=\"_ _0\"></span>x d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from CGUs a<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s pos<span class=\"_ _0\"></span>t-ta<span class=\"_ _0\"></span>x wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age cos<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f8\">whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s 9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>8% a<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e tim<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>roup\u2019s ann<span class=\"_ _0\"></span>ual im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>eview (<span class=\"_ _0\"></span>2022: 7<span class=\"_ _15\"></span>.8<span class=\"_ _0\"></span>%). Th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>lly by ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l ad<span class=\"_ _0\"></span>vis<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4f9\">for the ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s spe<span class=\"_ _0\"></span>cific to t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the CGU op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ll CGUs have t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ccess to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s trea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4fa\">func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ing lin<span class=\"_ _0\"></span>es to fund t<span class=\"_ _0\"></span>heir o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs4fb\">Sensitivity analysis<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4fc\">A sens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysis h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at no r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foresee<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le cha<span class=\"_ _0\"></span>nge in t<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t in <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs4fd\">an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill of any of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s C<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>Us.<span class=\"_ _0\"></span> </div>1<span class=\"_ _6\"></span>3. O<span class=\"_ _0\"></span>ther intangible assets<span class=\"_ _332\"> </span>Acquisition related<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>acquisition <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>related<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m Software and<span class=\"_ _3\"></span> develop<span class=\"_ _0\"></span>ment expenditure <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cus<span class=\"_ _0\"></span>tomer contracts and relationships <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>Cost<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _26b\"> </span><span class=\"ls4\">321.1<span class=\"_ _80\"> </span>14.3<span class=\"_ _f4\"> </span><span class=\"ff89\">335.4<span class=\"_ _80\"> </span></span>61.9<span class=\"_ _164\"> </span><span class=\"ff89\">397.3<span class=\"_ _332\"> </span></span></span>Additions<span class=\"_ _26c\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _80\"> </span></span>20.2<span class=\"_ _21a\"> </span><span class=\"ff89\">20.2<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _26d\"> </span><span class=\"ls4 ws0\">8.4<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.4<span class=\"_ _60\"> </span></span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.4<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(8.8)<span class=\"_ _3a\"> </span><span class=\"ff89\">(8.8)<span class=\"_ _332\"> </span></span></span>Reclassific<span class=\"_ _0\"></span>ations<span class=\"_ _26f\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _87\"> </span>(3.4)<span class=\"_ _3a\"> </span><span class=\"ff89\">(3.4)<span class=\"_ _59\"> </span></span>3.4<span class=\"_ _1d6\"> </span><span class=\"ff89\"> \u2013<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">329.5<span class=\"_ _d2\"> </span>10.9<span class=\"_ _164\"> </span><span class=\"ff89\">340.4<span class=\"_ _80\"> </span></span>76.8<span class=\"_ _164\"> </span><span class=\"ff89\">417.2<span class=\"_ _332\"> </span></span></span>Additions <span class=\"_ _270\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _80\"> </span></span>14.3<span class=\"_ _21a\"> </span><span class=\"ff89\">14.3<span class=\"_ _332\"> </span></span></span>Arising on business combinations<span class=\"_ _26d\"> </span><span class=\"ls4 ws0\">8.7<span class=\"_ _60\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.7<span class=\"_ _60\"> </span></span>\u2013<span class=\"_ _66\"> </span><span class=\"ff89\">8.7<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(0.3)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">338.2<span class=\"_ _d2\"> </span>10.9<span class=\"_ _164\"> </span><span class=\"ff89\">349.1<span class=\"_ _d2\"> </span></span>90.8<span class=\"_ _cf\"> </span><span class=\"ff89\">439.9<span class=\"_ _332\"> </span></span></span>Amor<span class=\"_ _0\"></span>tisation and<span class=\"_ _3\"></span> impairme<span class=\"_ _0\"></span>nt<span class=\"_ _271\"> </span><span class=\"ff88 ls4 ws0\"> <span class=\"_ _b7\"> </span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> <span class=\"_ _b7\"> </span></span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> </span></span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _133\"> </span><span class=\"ls4\">94.5<span class=\"_ _d2\"> </span>10.6<span class=\"_ _164\"> </span><span class=\"ff89\">105.1<span class=\"_ _80\"> </span></span>31.2<span class=\"_ _f4\"> </span><span class=\"ff89\">136.3<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _b6\"> </span><span class=\"ls4\">19.4<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _6b\"> </span><span class=\"ff89\">19.5<span class=\"_ _1a5\"> </span></span>7.7<span class=\"_ _21a\"> </span><span class=\"ff89\">27.2<span class=\"_ _332\"> </span></span></span>Impairments<span class=\"_ _14e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _84\"> </span></span>3.5<span class=\"_ _66\"> </span><span class=\"ff89\">3.5<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(8.8)<span class=\"_ _3a\"> </span><span class=\"ff89\">(8.8)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">113.9<span class=\"_ _d2\"> </span>10.7<span class=\"_ _164\"> </span><span class=\"ff89\">124.6<span class=\"_ _80\"> </span></span>33.7<span class=\"_ _164\"> </span><span class=\"ff89\">158.3<span class=\"_ _332\"> </span></span></span>Char<span class=\"_ _0\"></span>ge for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _b6\"> </span><span class=\"ls4\">21.3<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _6b\"> </span><span class=\"ff89\">21.4<span class=\"_ _1a5\"> </span></span>7.8<span class=\"_ _21a\"> </span><span class=\"ff89\">29.2<span class=\"_ _332\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _26e\"> </span><span class=\"ls4 ws0\">\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _87\"> </span></span>(0.3)<span class=\"_ _3a\"> </span><span class=\"ff89\">(0.3)<span class=\"_ _332\"> </span></span></span>Effec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _18f\"> </span><span class=\"ls4\">\u2013<span class=\"_ _69\"> </span>\u2013<span class=\"_ _60\"> </span><span class=\"ff89\">\u2013<span class=\"_ _1a5\"> </span></span>0.1<span class=\"_ _66\"> </span><span class=\"ff89\">0.1<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">135.2<span class=\"_ _d2\"> </span>10.8<span class=\"_ _164\"> </span><span class=\"ff89\">146.0<span class=\"_ _d2\"> </span></span>41.3<span class=\"_ _cf\"> </span><span class=\"ff89\">187.3<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _272\"> </span><span class=\"ff88 ls4\"> <span class=\"_ _b7\"> </span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> <span class=\"_ _b7\"> </span></span> <span class=\"_ _cb\"> </span><span class=\"ff89\"> </span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _197\"> </span><span class=\"ff88 ls4\">203.0<span class=\"_ _1a5\"> </span>0.1<span class=\"_ _f4\"> </span><span class=\"ff89\">203.1<span class=\"_ _80\"> </span></span>49.5<span class=\"_ _164\"> </span><span class=\"ff89\">252.6<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _17e\"> </span><span class=\"ls4\">215.6<span class=\"_ _1a5\"> </span>0.2<span class=\"_ _164\"> </span><span class=\"ff89\">215.8<span class=\"_ _d2\"> </span></span>43.1<span class=\"_ _164\"> </span><span class=\"ff89\">258.9<span class=\"_ _332\"> </span></span></span>Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>ps ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir us<span class=\"_ _0\"></span>eful lives ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of time ov<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>ey are a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>ted to ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hese cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>nge ove<span class=\"_ _0\"></span>r an ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge of eigh<span class=\"_ _0\"></span>t yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>cquir<span class=\"_ _0\"></span>ed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>nd tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re am<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tised over t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r useful live<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>nge fro<span class=\"_ _0\"></span>m thre<span class=\"_ _0\"></span>e to ten ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Follow<span class=\"_ _0\"></span>ing a rev<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt of in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, n<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>een i<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tifie<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d no imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 (<span class=\"_ _0\"></span>2022: \u00a33.<span class=\"_ _2\"></span>5m<span class=\"_ _15\"></span>)<span class=\"_ _332\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "1<span class=\"_ _6\"></span>2<span class=\"_ _2\"></span>. Goodwill<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cost<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _262\"> </span><span class=\"ff89 ls4\">327.3<span class=\"_ _332\"> </span></span>Arising on business combinations<span class=\"_ _263\"> </span><span class=\"ff89 ls4 ws0\">22.3<span class=\"_ _332\"> </span></span>Disposal of businesses<span class=\"_ _264\"> </span><span class=\"ff89 ws0\">(15.8)<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">333.8<span class=\"_ _332\"> </span></span>Arising on business combinations<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>11.0<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">344.8<span class=\"_ _332\"> </span></span>Accumulated impairment losses<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il 202<span class=\"_ _15\"></span>1<span class=\"_ _267\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _268\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _269\"> </span><span class=\"ff89 ls4\">32.5<span class=\"_ _332\"> </span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _266\"> </span><span class=\"ff89 ls4\">312.3<span class=\"_ _332\"> </span></span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022<span class=\"_ _265\"> </span><span class=\"ff89 ls4\">301.3<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>cqui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d P2M<span class=\"_ _0\"></span>L, 8<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>8 and C<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m So<span class=\"_ _0\"></span>lar d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023. R<span class=\"_ _0\"></span>efer to No<span class=\"_ _0\"></span>te 30<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>so in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s mea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>esu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> in in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses of \u00a3<span class=\"_ _0\"></span>0.4m a<span class=\"_ _0\"></span>nd \u00a30.1<span class=\"_ _3\"></span>m to t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>wil<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he DAEL an<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>iote<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly. Goodw<span class=\"_ _0\"></span>ill impairment tes<span class=\"_ _0\"></span>ting<span class=\"_ _332\"> </span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d in a bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span>, at a<span class=\"_ _0\"></span>cquis<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, to the CGUs t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t from tha<span class=\"_ _0\"></span>t bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s comb<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. <span class=\"ls4\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up tes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill a<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nnua<span class=\"_ _0\"></span>lly for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or m<span class=\"_ _0\"></span>ore freq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly i<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span>re are i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill may be i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>A sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d the d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows: Pre<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ax <span class=\"_ _3\"></span> discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>Goodw<span class=\"_ _0\"></span>ill <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>Goo<span class=\"_ _0\"></span>dwill  2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>echnical Ser<span class=\"_ _0\"></span>vices <span class=\"_ _1a9\"> </span><span class=\"ff89 ls4 ws0\">12.3%<span class=\"_ _164\"> </span>116.8<span class=\"_ _3a\"> </span><span class=\"ff88\">105.9<span class=\"_ _332\"> </span></span></span>Business Ser<span class=\"_ _0\"></span>vices<span class=\"_ _1e2\"> </span><span class=\"ff89 ls4 ws0\">14.7%<span class=\"_ _cf\"> </span>105.1<span class=\"_ _3a\"> </span><span class=\"ff88\">105.1<span class=\"_ _332\"> </span></span></span>Communi<span class=\"_ _0\"></span>ties<span class=\"_ _22c\"> </span><span class=\"ff89 ls4 ws0\">13.8%<span class=\"_ _6b\"> </span>81.0<span class=\"_ _d2\"> </span><span class=\"ff88\">81.0<span class=\"_ _332\"> </span></span></span>Land<span class=\"_ _0\"></span>scapes<span class=\"_ _1ad\"> </span><span class=\"ff89\">12.8%<span class=\"_ _66\"> </span>6.7<span class=\"_ _84\"> </span></span>6.6<span class=\"_ _332\"> </span>CG<span class=\"_ _0\"></span>&amp;D<span class=\"_ _1b5\"> </span><span class=\"ff89 ls4 ws0\">13.2%<span class=\"_ _102\"> </span>2.7<span class=\"_ _1a5\"> </span><span class=\"ff88\">2.7<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _26a\"> </span><span class=\"ff89 ls4 ws0\">312.3<span class=\"_ _3a\"> </span><span class=\"ff88\">301.3<span class=\"_ _332\"> </span></span></span>Ke<span class=\"_ _3\"></span>y assumptions<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>ecover<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>or e<span class=\"_ _0\"></span>ach CGU a<span class=\"_ _0\"></span>re ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>in-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich is d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nted c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh flow c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span>in va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-i<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>use c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re tho<span class=\"_ _0\"></span>se reg<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ding forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th rate<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d discou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. Foreca<span class=\"_ _0\"></span>st oper<span class=\"_ _0\"></span>ating profits For all CGU<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup p<span class=\"_ _0\"></span>rep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w proje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ecen<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ding 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4 an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gic pl<span class=\"_ _0\"></span>an to 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 202<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>. Fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>nue a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t cos<span class=\"_ _2\"></span>ts are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons of fu<span class=\"_ _0\"></span>ture ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el an<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on.<span class=\"_ _332\"> </span>Grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ues<span class=\"_ _332\"> </span>Med<span class=\"_ _0\"></span>ium<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m reve<span class=\"_ _0\"></span>nue gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h ra<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>-in<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of ea<span class=\"_ _0\"></span>ch CGU refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt\u2019s s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>y for a per<span class=\"_ _0\"></span>iod of fi<span class=\"_ _0\"></span>ve yea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. T<span class=\"_ _15\"></span>er<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s were d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ned u<span class=\"_ _0\"></span>sing a lo<span class=\"_ _0\"></span>ng-te<span class=\"_ _0\"></span>rm g<span class=\"_ _0\"></span>row<span class=\"_ _2\"></span>th ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion of 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (2022: 2<span class=\"_ _0\"></span>.0%<span class=\"_ _0\"></span>).<span class=\"_ _332\"> </span>Discount rates<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-ta<span class=\"_ _0\"></span>x d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ates u<span class=\"_ _0\"></span>sed to a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the forec<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from CGUs a<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved from t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s pos<span class=\"_ _0\"></span>t-ta<span class=\"_ _0\"></span>x wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>age cos<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch wa<span class=\"_ _0\"></span>s 9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>8% a<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e tim<span class=\"_ _0\"></span>e of the G<span class=\"_ _0\"></span>roup\u2019s ann<span class=\"_ _0\"></span>ual im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>eview (<span class=\"_ _0\"></span>2022: 7<span class=\"_ _15\"></span>.8<span class=\"_ _0\"></span>%). Th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>lly by ex<span class=\"_ _2\"></span>terna<span class=\"_ _0\"></span>l ad<span class=\"_ _0\"></span>vis<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed for the ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s spe<span class=\"_ _0\"></span>cific to t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h the CGU op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ll CGUs have t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ccess to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s trea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y func<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ing lin<span class=\"_ _0\"></span>es to fund t<span class=\"_ _0\"></span>heir o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Sensitivity analysis<span class=\"_ _332\"> </span>A sens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ysis h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n per<span class=\"_ _2\"></span>f<span class=\"_ _15\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>at no r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y foresee<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le cha<span class=\"_ _0\"></span>nge in t<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t in <span class=\"ls4\"> </span>an im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill of any of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s C<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>Us.<span class=\"_ _0\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-682": {
   "value": "Goodwill impairment testing Goodwill acquired in a business combination is allocated, at acquisition, to the CGUs that are expected to benefit from that business combination.  The Group tests goodwill at least annually for impairment or more frequently if there are indicators that goodwill may be impaired. Following a review of the carrying amount of intangible assets, no impairment indicators have been identified and no impairment has been recorded in the year ended 31 March 2023 (2022: \u00a33.5m) No impairment of property, plant and equipment has been recorded in the year ended 31 March 2023 (2022: \u00a3nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "13. Other intangible assets Acquisition related Tot al  acquisition  related  \u00a3m Software and development expenditure  \u00a3m Tot al  \u00a3m Customer contracts and relationships  \u00a3m Other  \u00a3m Cost At 1 April 2021 321.1 14.3 335.4 61.9 397.3 Additions \u2013 \u2013 \u2013 20.2 20.2 Arising on business combinations 8.4 \u2013 8.4 \u2013 8.4 Disposals \u2013 \u2013 \u2013 (8.8) (8.8) Reclassifications \u2013 (3.4) (3.4) 3.4  \u2013 Effect of movements in exchange rates \u2013 \u2013 \u2013 0.1 0.1 At 31 March 2022 329.5 10.9 340.4 76.8 417.2 Additions  \u2013 \u2013 \u2013 14.3 14.3 Arising on business combinations 8.7 \u2013 8.7 \u2013 8.7 Disposals \u2013 \u2013 \u2013 (0.3) (0.3) At 31 March 2023 338.2 10.9 349.1 90.8 439.9 Amortisation and impairment          At 1 April 2021 94.5 10.6 105.1 31.2 136.3 Charge for the year 19.4 0.1 19.5 7.7 27.2 Impairments \u2013 \u2013 \u2013 3.5 3.5 Disposals \u2013 \u2013 \u2013 (8.8) (8.8) Effect of movements in exchange rates \u2013 \u2013 \u2013 0.1 0.1 At 31 March 2022 113.9 10.7 124.6 33.7 158.3 Charge for the year 21.3 0.1 21.4 7.8 29.2 Disposals \u2013 \u2013 \u2013 (0.3) (0.3) Effect of movements in exchange rates \u2013 \u2013 \u2013 0.1 0.1 At 31 March 2023 135.2 10.8 146.0 41.3 187.3 Net book value          At 31 March 2023 203.0 0.1 203.1 49.5 252.6 At 31 March 2022 215.6 0.2 215.8 43.1 258.9 Customer contracts and relationships are amortised over their useful lives based on the period of time over which they are anticipated to generate benefits. These currently range over an average of eight years. Other acquisition related intangibles include acquired software and technology which are amortised over their useful lives, which currently range from three to ten years. Following a review of the carrying amount of intangible assets, no impairment indicators have been identified and no impairment has been recorded in the year ended 31 March 2023 (2022: \u00a33.5m) . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "14. Property, plant and equipment Property, plant and equipment comprise owned and leased assets. 2023  \u00a3m 2022  \u00a3m Owned property, plant and equipment  33.1 29.9 Right-of-use assets (Note 26) 123.8 114.0 Total 156.9 143.9 The table below relates to owned property, plant and equipment. Land and  buildings  \u00a3m Plant and  vehicles  \u00a3m Tot al  \u00a3m Cost  At 1 April 2021 11.7 57.5 69.2 Additions \u2013  15.4  15.4 Disposals (2.5) (11.8) (14.3) Arising on business combinations \u2013 1.3 1.3 Disposal of businesses (0.2) (4.1) (4.3) Effect of movements in exchange rates \u2013 (0.1) (0.1) At 31 March 2022 9.0 58.2 67.2 Additions \u2013 10.9 10.9 Disposals (0.4) (3.9) (4.3) Arising on business combinations \u2013 1.2 1.2 Effect of movements in exchange rates \u2013 0.4 0.4 At 31 March 2023 8.6 66.8 75.4 Accumulated depreciation and impairment      At 1 April 2021 8.0 36.9 44.9 Charge for the year 0.6 8.7 9.3 Disposals (2.5) (10.9) (13.4) Disposal of businesses (0.1) (3.8) (3.9) Effect of movements in exchange rates 0.3 0.1 0.4 At 31 March 2022 6.3 31.0 37.3 Charge for the year 0.6 8.1 8.7 Disposals  (0.4) (3.7) (4.1) Effect of movements in exchange rates \u2013 0.4 0.4 At 31 March 2023 6.5 35.8 42.3 Net book value  At 31 March 2023 2.1 31.0 33.1 At 31 March 2022 2.7 27.2 29.9 No impairment of property, plant and equipment has been recorded in the year ended 31 March 2023 (2022: \u00a3nil). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "15. Interests in joint ventures and associates The Group has interests in joint ventures and associates, which are all equity accounted entities. Landmarc Support Services Limited (Landmarc UK) and Sussex Estates and Facilities LLP (Sussex) are equity accounted entities that were material to the Group. All equity accounted entities provide facilities management services. Details of all joint ventures and associates are provided in Note 36. Interests in joint ventures and associates Ownership  % Nature of relationship 2023  \u00a3m 2022  \u00a3m Landmarc UK 51 Joint venture 7.9 10.5 Sussex 35 Associate 0.6 0.7 Other Joint ventures 0.3 0.7 At 31 March 8.8 11.9 2023 2022 Landmarc UK 1 \u00a3m Sussex 1 \u00a3m Other 1 \u00a3m Group share  of joint ventures  and associates  \u00a3m Group share  of joint ventures  and associates  \u00a3m At 1 April 10.5 0.7 0.7 11.9 11.0 Share of profit/(loss) before Other items 7.9 0.8 (0.4) 8.3 6.6 Share of profit \u2013 Other items 2 \u2013  \u2013 \u2013 \u2013 (2.4) Share of other comprehensive (expense)/income (2.4) \u2013 \u2013   (2.4) 0.7 Dividends (8.1) (0.9) \u2013 (9.0) (4.0) At 31 March 7.9 0.6 0.3 8.8 11.9 Notes: 1.  Net assets/results of the entity multiplied by the respective proportion of the Group\u2019s ownership. 2.  The Group\u2019s share of amortisation of customer contracts arising on business combinations was \u00a3nil for the year ended 31 March 2023 (2022: \u00a32.4m). Summarised statement of total comprehensive income (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Revenue 196.5 28.4 \u2013 224.9 164.6 24.0 2.2 190.8 Group\u2019s share of revenue of joint ventures  and associates 100.2 9.9 \u2013 110.1 84.0 8.4 1.1 93.5 Depreciation and amortisation (1.4) \u2013 \u2013 (1.4) (0.9) \u2013 \u2013 (0.9) Operating profit/(loss) 18.8 3.0 (0.9) 20.9 13.3 2.8 0.2 16.3 Finance income 0.3 \u2013 \u2013 0.3 0.1 \u2013 \u2013 0.1 Tax (3.6) (0.6) \u2013 (4.2) (2.5) \u2013 \u2013 (2.5) Profit/(loss) for the year 15.5 2.4 (0.9) 17.0 10.9 2.8 0.2 13.9 Other comprehensive (expense)/income (4.7) \u2013 \u2013 (4.7) 1.3 \u2013 \u2013 1.3 Total comprehensive income/(expense) (100%) 10.8 2.4 (0.9) 12.3 12.2 2.8 0.2 15.2 Summarised balance sheet (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Non-current assets 5.8 \u2013 \u2013 5.8 10.7 \u2013 \u2013 10.7 Current assets 52.6 9.9 1.3 63.8 41.3 8.9 5.1 55.3 Current liabilities (43.0) (8.3) (0.8) (52.1) (31.4) (7.0) (3.6) (42.0) Net assets (100%) 15.4 1.6 0.5 17.5 20.6 1.9 1.5 24.0 Group\u2019s share of net assets 7.9 0.6 0.3 8.8 10.5 0.7 0.7 11.9 The above includes the following: Cash and cash equivalents (100%) 35.4 5.3 1.3 42.0 28.7 7.4 0.4 36.5 The Group is not aware of any material commitments in respect of its interests in joint ventures and associates. There are no significant restrictions on the ability to transfer funds to the Group in the form of cash dividends, or to repay loans or advances made by the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-683": {
   "value": "15. Interests in joint ventures and associates The Group has interests in joint ventures and associates, which are all equity accounted entities. Landmarc Support Services Limited (Landmarc UK) and Sussex Estates and Facilities LLP (Sussex) are equity accounted entities that were material to the Group. All equity accounted entities provide facilities management services. Details of all joint ventures and associates are provided in Note 36. Interests in joint ventures and associates Ownership  % Nature of relationship 2023  \u00a3m 2022  \u00a3m Landmarc UK 51 Joint venture 7.9 10.5 Sussex 35 Associate 0.6 0.7 Other Joint ventures 0.3 0.7 At 31 March 8.8 11.9 2023 2022 Landmarc UK 1 \u00a3m Sussex 1 \u00a3m Other 1 \u00a3m Group share  of joint ventures  and associates  \u00a3m Group share  of joint ventures  and associates  \u00a3m At 1 April 10.5 0.7 0.7 11.9 11.0 Share of profit/(loss) before Other items 7.9 0.8 (0.4) 8.3 6.6 Share of profit \u2013 Other items 2 \u2013  \u2013 \u2013 \u2013 (2.4) Share of other comprehensive (expense)/income (2.4) \u2013 \u2013   (2.4) 0.7 Dividends (8.1) (0.9) \u2013 (9.0) (4.0) At 31 March 7.9 0.6 0.3 8.8 11.9 Notes: 1.  Net assets/results of the entity multiplied by the respective proportion of the Group\u2019s ownership. 2.  The Group\u2019s share of amortisation of customer contracts arising on business combinations was \u00a3nil for the year ended 31 March 2023 (2022: \u00a32.4m). Summarised statement of total comprehensive income (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Revenue 196.5 28.4 \u2013 224.9 164.6 24.0 2.2 190.8 Group\u2019s share of revenue of joint ventures  and associates 100.2 9.9 \u2013 110.1 84.0 8.4 1.1 93.5 Depreciation and amortisation (1.4) \u2013 \u2013 (1.4) (0.9) \u2013 \u2013 (0.9) Operating profit/(loss) 18.8 3.0 (0.9) 20.9 13.3 2.8 0.2 16.3 Finance income 0.3 \u2013 \u2013 0.3 0.1 \u2013 \u2013 0.1 Tax (3.6) (0.6) \u2013 (4.2) (2.5) \u2013 \u2013 (2.5) Profit/(loss) for the year 15.5 2.4 (0.9) 17.0 10.9 2.8 0.2 13.9 Other comprehensive (expense)/income (4.7) \u2013 \u2013 (4.7) 1.3 \u2013 \u2013 1.3 Total comprehensive income/(expense) (100%) 10.8 2.4 (0.9) 12.3 12.2 2.8 0.2 15.2 Summarised balance sheet (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Non-current assets 5.8 \u2013 \u2013 5.8 10.7 \u2013 \u2013 10.7 Current assets 52.6 9.9 1.3 63.8 41.3 8.9 5.1 55.3 Current liabilities (43.0) (8.3) (0.8) (52.1) (31.4) (7.0) (3.6) (42.0) Net assets (100%) 15.4 1.6 0.5 17.5 20.6 1.9 1.5 24.0 Group\u2019s share of net assets 7.9 0.6 0.3 8.8 10.5 0.7 0.7 11.9 The above includes the following: Cash and cash equivalents (100%) 35.4 5.3 1.3 42.0 28.7 7.4 0.4 36.5 The Group is not aware of any material commitments in respect of its interests in joint ventures and associates. There are no significant restrictions on the ability to transfer funds to the Group in the form of cash dividends, or to repay loans or advances made by the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-672": {
   "value": "1<span class=\"_ _15\"></span>5. Interests in joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>eres<span class=\"_ _2\"></span>ts in join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e all e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y accoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc S<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>arc U<span class=\"_ _0\"></span>K) a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP (Suss<span class=\"_ _0\"></span>ex) are eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t were m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p. All e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y accou<span class=\"_ _0\"></span>nted e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ser<span class=\"_ _2\"></span>vices<span class=\"_ _0\"></span>. Det<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ils of all jo<span class=\"_ _0\"></span>int ve<span class=\"_ _0\"></span>ntur<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 36.<span class=\"_ _332\"> </span>In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts in j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>t vent<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Owner<span class=\"_ _0\"></span>ship <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>% Na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e of relationship<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c UK<span class=\"_ _27a\"> </span><span class=\"ls4\">51<span class=\"_ _3e\"> </span>Joint venture<span class=\"_ _66\"> </span><span class=\"ff89\">7.9<span class=\"_ _80\"> </span></span>10.5<span class=\"_ _332\"> </span></span>Sussex<span class=\"_ _1ae\"> </span><span class=\"ls4 ws0\">35<span class=\"_ _15e\"> </span>Associate<span class=\"_ _66\"> </span><span class=\"ff89\">0.6<span class=\"_ _1a5\"> </span></span>0.7<span class=\"_ _332\"> </span></span>O<span class=\"_ _0\"></span>ther<span class=\"_ _22c\"> </span>Joint ventures<span class=\"_ _66\"> </span><span class=\"ff89\">0.3<span class=\"_ _1a5\"> </span></span>0.7<span class=\"_ _332\"> </span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _27b\"> </span><span class=\"ff89 ls4\">8.8<span class=\"_ _80\"> </span><span class=\"ff88\">11.9<span class=\"_ _332\"> </span></span></span>2023<span class=\"_ _75\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Other<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u00a3m<span class=\"_ _332\"> </span>Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span><span class=\"ls4\"> </span>of joint v<span class=\"_ _3\"></span>entu<span class=\"_ _0\"></span>res <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>and associat<span class=\"_ _0\"></span>es <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Group share <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>of joi<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>and associates <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _6d\"> </span><span class=\"ff89 ls4\">10.5<span class=\"_ _66\"> </span>0.7<span class=\"_ _66\"> </span>0.7<span class=\"_ _6b\"> </span>11.9<span class=\"_ _7f\"> </span><span class=\"ff88\">11.0<span class=\"_ _332\"> </span></span></span>Sha<span class=\"_ _0\"></span>re of pro<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>/(loss) bef<span class=\"_ _3\"></span>ore O<span class=\"_ _2\"></span>ther i<span class=\"_ _0\"></span>tems<span class=\"_ _115\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _102\"> </span>0.8<span class=\"_ _58\"> </span>(0.4)<span class=\"_ _80\"> </span>8.3<span class=\"_ _60\"> </span><span class=\"ff88\">6.6<span class=\"_ _332\"> </span></span></span>Sha<span class=\"_ _0\"></span>re of pro<span class=\"_ _0\"></span>fit \u2013 O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>\u2013 <span class=\"_ _1d6\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013<span class=\"_ _140\"> </span><span class=\"ff88\">(2.4)<span class=\"_ _332\"> </span></span>Share o<span class=\"_ _3\"></span>f other comp<span class=\"_ _3\"></span>rehensive (<span class=\"_ _6\"></span>ex<span class=\"_ _0\"></span>pense<span class=\"_ _15\"></span>)/inc<span class=\"_ _3\"></span>ome<span class=\"_ _34\"> </span><span class=\"ff89 ls4 ws0\">(2.4)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _60\"> </span>\u2013 <span class=\"_ _5c\"> </span> (2.4)<span class=\"_ _153\"> </span><span class=\"ff88\">0.7<span class=\"_ _332\"> </span></span></span>Dividends<span class=\"_ _1de\"> </span><span class=\"ff89 ls4 ws0\">(8.1)<span class=\"_ _3a\"> </span>(0.9)<span class=\"_ _153\"> </span>\u2013<span class=\"_ _58\"> </span>(9.0)<span class=\"_ _1a5\"> </span><span class=\"ff88\">(4.0)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _27c\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _66\"> </span>0.6<span class=\"_ _66\"> </span>0.3<span class=\"_ _102\"> </span>8.8<span class=\"_ _7f\"> </span><span class=\"ff88\">11.9<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>N<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>/res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f the e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>tip<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d by th<span class=\"_ _0\"></span>e res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip.<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s sha<span class=\"_ _0\"></span>re of a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>as \u00a3<span class=\"_ _0\"></span>nil for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023 (202<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>2.4m).<span class=\"_ _332\"> </span>Su<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ised s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e (<span class=\"_ _3\"></span>100%<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Sus<span class=\"_ _0\"></span>sex <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Landmarc UK<span class=\"_ _3\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Revenu<span class=\"_ _0\"></span>e<span class=\"_ _90\"> </span><span class=\"ff89 ls4 ws0\">196.5<span class=\"_ _d8\"> </span>28.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _99\"> </span>224.9<span class=\"_ _5f\"> </span><span class=\"ff88\">164.6<span class=\"_ _3b\"> </span>24.0<span class=\"_ _72\"> </span>2.2<span class=\"_ _9b\"> </span>190.8<span class=\"_ _332\"> </span></span></span>Gro<span class=\"_ _0\"></span>up\u2019s share of re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e of join<span class=\"_ _0\"></span>t ventu<span class=\"_ _0\"></span>res <span class=\"ls4\"> </span>and associates<span class=\"_ _158\"> </span><span class=\"ff89 ws0\">100.2<span class=\"_ _141\"> </span>9.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _aa\"> </span>110.1<span class=\"_ _23\"> </span><span class=\"ff88\">84.0<span class=\"_ _72\"> </span>8.4<span class=\"_ _72\"> </span>1.1<span class=\"_ _3b\"> </span>93.5<span class=\"_ _332\"> </span></span></span>Depreciation and<span class=\"_ _3\"></span> amor<span class=\"_ _2\"></span>ti<span class=\"_ _3\"></span>sation<span class=\"_ _1a0\"> </span><span class=\"ff89 ls4 ws0\">(1.4)<span class=\"_ _164\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(1.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.9)<span class=\"_ _332\"> </span></span></span>Oper<span class=\"_ _0\"></span>ating profit<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(loss<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span><span class=\"ff89 ls4 ws0\">18.8<span class=\"_ _15e\"> </span>3.0<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _125\"> </span>20.9<span class=\"_ _23\"> </span><span class=\"ff88\">13.3<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _3b\"> </span>16.3<span class=\"_ _332\"> </span></span></span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce inco<span class=\"_ _0\"></span>me<span class=\"_ _8d\"> </span><span class=\"ff89 ls4 ws0\">0.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _141\"> </span>0.3<span class=\"_ _3a\"> </span><span class=\"ff88\">0.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _332\"> </span></span></span>Ta<span class=\"_ _2\"></span>x<span class=\"_ _132\"> </span><span class=\"ff89 ls4 ws0\">(3.6)<span class=\"_ _16f\"> </span>(0.6)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _55\"> </span>(4.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(2.5)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.5)<span class=\"_ _332\"> </span></span></span>Profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _27d\"> </span><span class=\"ff89 ls4\">15.5<span class=\"_ _212\"> </span>2.4<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _37\"> </span>17.0<span class=\"_ _23\"> </span><span class=\"ff88\">10.9<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _1d\"> </span>13.9<span class=\"_ _332\"> </span></span></span>Other comprehensiv<span class=\"_ _3\"></span>e (<span class=\"_ _15\"></span>expense<span class=\"_ _3\"></span>)/inc<span class=\"_ _3\"></span>ome<span class=\"_ _15a\"> </span><span class=\"ff89 ls4 ws0\">(4.7)<span class=\"_ _164\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(4.7)<span class=\"_ _164\"> </span><span class=\"ff88\">1.3<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.3<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _15\"></span>otal comprehens<span class=\"_ _3\"></span>ive incom<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>expense)<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>100%)<span class=\"_ _d8\"> </span><span class=\"ff89 ls4 ws0\">10.8<span class=\"_ _212\"> </span>2.4<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _37\"> </span>12.3<span class=\"_ _23\"> </span><span class=\"ff88\">12.2<span class=\"_ _72\"> </span>2.8<span class=\"_ _72\"> </span>0.2<span class=\"_ _1d\"> </span>15.2<span class=\"_ _332\"> </span></span></span>Su<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ised b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et (1<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>)<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Landmarc UK <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Sus<span class=\"_ _0\"></span>sex <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Ot<span class=\"_ _0\"></span>her <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Landmarc UK<span class=\"_ _3\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Susse<span class=\"_ _0\"></span>x <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Non-current assets<span class=\"_ _26\"> </span><span class=\"ff89 ls4 ws0\">5.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>5.8<span class=\"_ _23\"> </span><span class=\"ff88\">10.7<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _1d\"> </span>10.7<span class=\"_ _332\"> </span></span></span>Current<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>ssets<span class=\"_ _138\"> </span><span class=\"ff89 ls4 ws0\">52.6<span class=\"_ _15e\"> </span>9.9<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>63.8<span class=\"_ _23\"> </span><span class=\"ff88\">41.3<span class=\"_ _72\"> </span>8.9<span class=\"_ _72\"> </span>5.1<span class=\"_ _3b\"> </span>55.3<span class=\"_ _332\"> </span></span></span>Curre<span class=\"_ _0\"></span>nt liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _26\"> </span><span class=\"ff89 ls4 ws0\">(43.0)<span class=\"_ _9b\"> </span>(8.3)<span class=\"_ _16f\"> </span>(0.8)<span class=\"_ _33\"> </span>(52.1)<span class=\"_ _1d\"> </span><span class=\"ff88\">(31.4)<span class=\"_ _118\"> </span>(7.0)<span class=\"_ _118\"> </span>(3.6)<span class=\"_ _b2\"> </span>(42.0)<span class=\"_ _332\"> </span></span></span>Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>0%)<span class=\"_ _11d\"> </span><span class=\"ff89 ls4\">15.4<span class=\"_ _212\"> </span>1.6<span class=\"_ _212\"> </span>0.5<span class=\"_ _d8\"> </span>17.5<span class=\"_ _23\"> </span><span class=\"ff88\">20.6<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>1.5<span class=\"_ _3b\"> </span>24.0<span class=\"_ _332\"> </span></span></span>Gro<span class=\"_ _0\"></span>up\u2019s share o<span class=\"_ _0\"></span>f net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _cc\"> </span><span class=\"ff89 ls4\">7.9<span class=\"_ _212\"> </span>0.6<span class=\"_ _15e\"> </span>0.3<span class=\"_ _212\"> </span>8.8<span class=\"_ _23\"> </span><span class=\"ff88\">10.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>0.7<span class=\"_ _3b\"> </span>11.9<span class=\"_ _332\"> </span></span></span>The a<span class=\"_ _0\"></span>bove i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e following<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _3\"></span>100<span class=\"_ _0\"></span>%)<span class=\"_ _27e\"> </span><span class=\"ff89 ls4\">35.4<span class=\"_ _212\"> </span>5.3<span class=\"_ _212\"> </span>1.3<span class=\"_ _d8\"> </span>42.0<span class=\"_ _23\"> </span><span class=\"ff88\">28.7<span class=\"_ _72\"> </span>7.4<span class=\"_ _72\"> </span>0.4<span class=\"_ _3b\"> </span>36.5<span class=\"_ _332\"> </span></span></span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is no<span class=\"_ _0\"></span>t awa<span class=\"_ _0\"></span>re of any ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>re no si<span class=\"_ _0\"></span>gnifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt res<span class=\"_ _2\"></span>tric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons on t<span class=\"_ _0\"></span>he abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer fund<span class=\"_ _0\"></span>s to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p in th<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rm of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, or to r<span class=\"_ _0\"></span>epay lo<span class=\"_ _0\"></span>ans o<span class=\"_ _0\"></span>r ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nces ma<span class=\"_ _0\"></span>de by th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _332\"> </span>36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings<span class=\"_ _332\"> </span>Subsidia<span class=\"_ _0\"></span>ries The co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nie<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t below a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>ere pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>8Point8 S<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2eb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>8Point8 T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aining Limite<span class=\"_ _0\"></span>d<span class=\"_ _2ec\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ba<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>an\u2019s Cleani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke Power Sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal Ltd<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bio<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>ture L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>29<span class=\"_ _3\"></span>7364<span class=\"_ _3\"></span>)<span class=\"_ _259\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Broa<span class=\"_ _0\"></span>dreach G<span class=\"_ _0\"></span>roup Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bui<span class=\"_ _0\"></span>lding &amp; P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es Ltd<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ca<span class=\"_ _0\"></span>re &amp; Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>dy (H<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>88<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _166\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Cole Motors Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>CT<span class=\"_ _0\"></span>I Power Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>8<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0)<span class=\"_ _2ed\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Cus<span class=\"_ _0\"></span>tom So<span class=\"_ _0\"></span>lar Ltd<span class=\"_ _2ee\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Esote<span class=\"_ _0\"></span>ric Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 044<span class=\"_ _0\"></span>4<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _214\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International Group<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International L<span class=\"_ _3\"></span>td<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>723<span class=\"_ _3\"></span>)<span class=\"_ _db\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Gr<span class=\"_ _0\"></span>een P<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>et De<span class=\"_ _0\"></span>sign Lt<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Insi<span class=\"_ _0\"></span>tu Cle<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ing Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>623<span class=\"_ _3\"></span>889<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>Kin<span class=\"_ _0\"></span>gdom of S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia<span class=\"_ _2ef\"> </span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Jabe<span class=\"_ _0\"></span>z Holdings Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>29988<span class=\"_ _15\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Holdings Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter O<span class=\"_ _0\"></span>ffice Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Macl<span class=\"_ _0\"></span>ella<span class=\"_ _0\"></span>n G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLella<span class=\"_ _0\"></span>n Inte<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ted Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vices L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLel<span class=\"_ _3\"></span>lan International<span class=\"_ _3\"></span> Airpor<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an International Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>368<span class=\"_ _3\"></span>8689<span class=\"_ _3\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>MacLella<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an Management Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 03<span class=\"_ _15\"></span>385466)<span class=\"_ _58\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie (D<span class=\"_ _0\"></span>efence<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _233\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices-S<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>gh<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00954<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _87\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Aviation Securit<span class=\"_ _0\"></span>y Limited<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>t Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00972<span class=\"_ _15\"></span>45<span class=\"_ _3\"></span>7)<span class=\"_ _16\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd Cus<span class=\"_ _2\"></span>tody Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ring S<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _204\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l de Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _26d\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng &amp; Envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cli<span class=\"_ _0\"></span>ent S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Compan<span class=\"_ _3\"></span>y Secretarial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls116 ws36 gsa59\">Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gsa5a\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gsa5b\">% vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws10b gsa5c\">and ownership<span class=\"_ _332\"> </span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gsa5d\">interest</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gsa5e\"> 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gsa5f\">% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws5f gsa60\">value owned<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsa61\">Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _260\"> </span><span class=\"ls75 ws138\">G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ny<span class=\"_ _157\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa62\">Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.1<span class=\"_ _6\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa63\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa64\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa65\">Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa66\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa67\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsa68\">Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>ristol) Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa69\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa6a\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsa6b\">Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _25d\"> </span><span class=\"ls9 ws8\">G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _24\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsa6c\">Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _10a\"> </span><span class=\"ls9 ws8\">Jer<span class=\"_ _0\"></span>sey<span class=\"_ _1ce\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa6d\">Mi<span class=\"_ _0\"></span>tie Eng<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s (Nor<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>rn Reg<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa6e\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa6f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsa70\">Mitie Engineering Serv<span class=\"_ _0\"></span>ices (Wales<span class=\"_ _6\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa71\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa72\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gsa73\">Mitie En<span class=\"_ _3\"></span>vironmental Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _8b\"> </span><span class=\"ls13 wsb\">U<span class=\"_ _0\"></span>nited Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa74\">Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa75\">4<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls32 ws126 gsa76\">Ireland<span class=\"_ _2b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa77\">Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _2f2\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa78\">Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa79\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa7a\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa7b\">Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f3\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa7c\">Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _2f4\"> </span><span class=\"ls19 ws18\">Fra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _f5\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa7d\">Mi<span class=\"_ _0\"></span>tie FS (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _2f5\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa7e\">Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Pensio<span class=\"_ _0\"></span>n Sche<span class=\"_ _0\"></span>me T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa7f\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa80\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gsa81\">Mitie Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2f6\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsa82\">Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa83\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa84\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsa85\">Mitie Infras<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>ture Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls1ad ws1d7 gsa86\">2,5</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa87\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>)<span class=\"_ _da\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa88\">Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _ad\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa89\">Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _94\"> </span><span class=\"ls13 ws10\">Sp<span class=\"_ _0\"></span>ain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa8a\">Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _240\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa8b\">Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _231\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsa8c\">Mitie Internatio<span class=\"_ _0\"></span>nal Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa8d\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa8e\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa8f\">Mitie In<span class=\"_ _3\"></span>ves<span class=\"_ _0\"></span>tments Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa90\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa91\">United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsa92\">Mitie La<span class=\"_ _0\"></span>ndscapes Limited<span class=\"_ _ac\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _0\"></span> <span class=\"_ _4c\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gsa93\">Mitie Limi<span class=\"_ _0\"></span>ted<span class=\"_ _1c8\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsa94\">Mitie Manage<span class=\"_ _0\"></span>d Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa95\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa96\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls23 ws5f gsa97\">Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _133\"> </span><span class=\"ls4 ws0\">Netherlands<span class=\"_ _2f7\"> </span><span class=\"ff89\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa98\">Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2f8\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa99\">Mi<span class=\"_ _0\"></span>tie PFI L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f9\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsa9a\">Mitie Projec<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa9b\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa9c\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa9d\">Mi<span class=\"_ _0\"></span>tie Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa9e\">3<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa9f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa0\">Mi<span class=\"_ _0\"></span>tie Ro<span class=\"_ _0\"></span>ofing L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaa1\">3<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaa2\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gsaa3\">Mitie Schweiz GmbH<span class=\"_ _2fa\"> </span><span class=\"ls19 ws18\">Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _28a\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa4\">Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaa5\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaa6\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaa7\">Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>ire &amp; Ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaa8\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaa9\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsaaa\">Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>irs<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _194\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls23 ws5f gsaab\">Mitie Security (Kni<span class=\"_ _3\"></span>ghtsbridge<span class=\"_ _3\"></span>) Limited<span class=\"_ _2fb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsaac\">Mitie Securi<span class=\"_ _0\"></span>ty Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaad\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaae\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gsaaf\">Mitie Securi<span class=\"_ _0\"></span>ty Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2fc\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsab0\">Mitie Securi<span class=\"_ _0\"></span>ty Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsab1\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsab2\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsab3\">Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsab4\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsab5\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gsab6\">Mitie Shared Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _2fd\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls116 ws36 gsab8\">Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gsab9\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gsaba\">% vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws10b gsabb\">and ownership<span class=\"_ _332\"> </span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gsabc\">interest</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gsabd\"> 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gsabe\">% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws5f gsabf\">value owned<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsac0\">Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsac1\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsac2\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>304<span class=\"_ _0\"></span>440<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _72\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsac3\">Mitie Suomi Oy<span class=\"_ _2fe\"> </span><span class=\"ls13 ws10\">Finland<span class=\"_ _2f1\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsac4\">Mi<span class=\"_ _0\"></span>tie T S 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls1ae ws1d8 gsac5\">4,6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsac6\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsac7\">Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsac8\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsac9\">(<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>709<span class=\"_ _3\"></span>49<span class=\"_ _3\"></span>57)<span class=\"_ _73\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsaca\">Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsacb\">Mitie T<span class=\"_ _15\"></span>echnical Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsacc\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsacd\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>98048)<span class=\"_ _12a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsace\">Mitie T<span class=\"_ _15\"></span>elecoms Asset<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsacf\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls7c ws29 gsad0\"> (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 088<span class=\"_ _0\"></span>0505<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _41\"> </span><span class=\"ls13 wsb\">Unite<span class=\"_ _0\"></span>d Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsad1\">Mitie T<span class=\"_ _15\"></span>elecoms Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsad2\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsad3\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>67<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>99<span class=\"_ _3\"></span>)<span class=\"_ _2ff\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsad4\">Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms T<span class=\"_ _15\"></span>owe<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsad5\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsad6\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 088<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _9\"></span>106<span class=\"_ _15\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsad7\">Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms V<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsad8\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsad9\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 088<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>098<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsada\">Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>nsp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsadb\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsadc\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsadd\">Mitie T<span class=\"_ _15\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y Management Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsade\">3<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsadf\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsae0\">Mitie T<span class=\"_ _15\"></span>rus<span class=\"_ _0\"></span>tee Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsae1\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsae2\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsae3\">Mi<span class=\"_ _0\"></span>tie Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e &amp; Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsae4\">4<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsae5\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsae6\">Mi<span class=\"_ _0\"></span>tiefm (Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs<span class=\"_ _3\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsae7\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsae8\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>27<span class=\"_ _15\"></span>829<span class=\"_ _15\"></span>)<span class=\"_ _4a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsae9\">Mi<span class=\"_ _0\"></span>tiefm Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaea\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsaeb\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>282<span class=\"_ _3\"></span>0560<span class=\"_ _15\"></span>)<span class=\"_ _b0\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls16 ws10 gsaec\">P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _1f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gsaed\">Par<span class=\"_ _0\"></span>kers<span class=\"_ _0\"></span>ell Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaee\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaef\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaf0\">Pho<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>x Fire S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaf1\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaf2\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gsaf3\">Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaf4\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsaf5\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gsaf6\">Procius Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsaf7\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsaf8\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 0473<span class=\"_ _3\"></span>0672<span class=\"_ _15\"></span>)<span class=\"_ _200\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaf9\">R &amp; D Hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsafa\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsafb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsafc\">Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsafd\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsafe\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsaff\">Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb00\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb01\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb02\">Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1d3\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb03\">Rock Power Co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Ltd<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb04\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb05\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>47<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>08<span class=\"_ _3\"></span>)<span class=\"_ _300\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb06\">So<span class=\"_ _0\"></span>urce Eigh<span class=\"_ _0\"></span>t Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls1af ws1d9 gsb07\">2,4</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb08\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>047<span class=\"_ _15\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _301\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb09\">So<span class=\"_ _0\"></span>urce8 Afric<span class=\"_ _0\"></span>a Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb0a\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb0b\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 08<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>37<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _34\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb0c\">So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _105\"> </span><span class=\"ls25 ws12c\">Nigeria<span class=\"_ _302\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb0d\">SSD U<span class=\"_ _0\"></span>K Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb0e\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb0f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gsb10\">T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb11\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb12\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gsb13\">T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _c0\"> </span><span class=\"ls13 ws10\">S<span class=\"_ _0\"></span>pain<span class=\"_ _2f0\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb14\">UK CR<span class=\"_ _0\"></span>BS Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb15\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb16\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>365<span class=\"_ _15\"></span>69<span class=\"_ _3\"></span>62<span class=\"_ _15\"></span>)<span class=\"_ _303\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb17\">Uni<span class=\"_ _0\"></span>que Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb18\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb19\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gsb1a\">Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb1b\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb1c\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gsb1d\">Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Projects Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb1e\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb1f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gsb20\">Utily<span class=\"_ _0\"></span>x Broking Li<span class=\"_ _3\"></span>mited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb21\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb22\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb23\">U<span class=\"_ _0\"></span>tily<span class=\"_ _2\"></span>x Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re Ener<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb24\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsb25\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>900<span class=\"_ _0\"></span>47<span class=\"_ _3\"></span>5)<span class=\"_ _103\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gsb26\">Utily<span class=\"_ _0\"></span>x Holding<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb27\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsb28\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls30 ws26 gsb29\">Ut<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _304\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls23 ws5f gsb2a\">Utily<span class=\"_ _0\"></span>x Risk<span class=\"_ _3\"></span> Management Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb2b\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb2c\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 049<span class=\"_ _3\"></span>993<span class=\"_ _3\"></span>92<span class=\"_ _15\"></span>)<span class=\"_ _12c\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gsb2d\">V<span class=\"_ _3\"></span>ant<span class=\"_ _0\"></span>age Solu<span class=\"_ _0\"></span>tions Limited<span class=\"_ _260\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb2e\">Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb2f\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsb30\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>389<span class=\"_ _3\"></span>257<span class=\"_ _3\"></span>5)<span class=\"_ _2e8\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>W<span class=\"_ _3\"></span>aveambda Lim<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _3\"></span>86<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>83<span class=\"_ _3\"></span>7)<span class=\"_ _2f7\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>W<span class=\"_ _3\"></span>ealthy Thoughts Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 03839703)<span class=\"_ _305\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3 an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>ll t<span class=\"_ _0\"></span>ake t<span class=\"_ _0\"></span>he exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar (<span class=\"_ _0\"></span>by vi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on 48<span class=\"_ _0\"></span>0 of t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _2\"></span>t 2006).<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ha<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 479A of the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06 for th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3. A<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h, Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed a g<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ll de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>3. <span class=\"_ _5\"> </span>H<span class=\"_ _0\"></span>eld d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _332\"> </span>4. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>s dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ino<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>his su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in a cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing fewe<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an 50<span class=\"_ _0\"></span>% of th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ued s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f the s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>6.  <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d office of all su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _15\"></span>2, T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>d, 32 Londo<span class=\"_ _0\"></span>n Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Stree<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the followi<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span>Company <span class=\"_ _b1\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>PO B<span class=\"_ _0\"></span>ox 26<span class=\"_ _3\"></span>982, Ri<span class=\"_ _0\"></span>yad<span class=\"_ _0\"></span>h, 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>59<span class=\"_ _3\"></span>5, K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om of S<span class=\"_ _0\"></span>audi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l De Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _162\"> </span>Calle S<span class=\"_ _0\"></span>an Mi<span class=\"_ _0\"></span>gue<span class=\"_ _0\"></span>l 25, B<span class=\"_ _0\"></span>ajo 1, Az<span class=\"_ _0\"></span>uqu<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>a de He<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, 1<span class=\"_ _15\"></span>920<span class=\"_ _0\"></span>0, G<span class=\"_ _0\"></span>uad<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>jar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _2ed\"> </span><span class=\"ls6d ws0\">c/o Pinse<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ons G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>many L<span class=\"_ _0\"></span>LP<span class=\"_ _6\"></span>, OT<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>OS<span class=\"_ _0\"></span>TR<span class=\"_ _2\"></span>. 2<span class=\"_ _6\"></span>1, 803<span class=\"_ _3\"></span>33, Munich<span class=\"_ _0\"></span>, Ge<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ny<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _1a5\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o MPR Priv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e Clien<span class=\"_ _0\"></span>ts L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, PO B<span class=\"_ _0\"></span>ox 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>9<span class=\"_ _3\"></span>, Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello Co<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t, Admi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, St Peter Por<span class=\"_ _2\"></span>t,<span class=\"_ _332\"> </span></span><span class=\"ls6d ws0\"> </span>GY<span class=\"_ _3\"></span>1 3HB<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _332\"> </span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _5b\"> </span><span class=\"ls6d ws0\">IFC 5, St He<span class=\"_ _0\"></span>lier<span class=\"_ _15\"></span>, J<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 1<span class=\"_ _3\"></span>ST, Jers<span class=\"_ _0\"></span>ey<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _306\"> </span>1<span class=\"_ _3\"></span>08 Q H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Fur<span class=\"_ _0\"></span>ze Ro<span class=\"_ _0\"></span>ad, S<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ford, D<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>lin 1<span class=\"_ _3\"></span>8, I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _28a\"> </span>Calle J<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>n Igna<span class=\"_ _0\"></span>cio Lu<span class=\"_ _0\"></span>ca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>en<span class=\"_ _0\"></span>a, 8<span class=\"_ _0\"></span>, 28027<span class=\"_ _6\"></span>, M<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>, Spa<span class=\"_ _0\"></span>in<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _8a\"> </span>259 Rue St Hono<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 75001<span class=\"_ _15\"></span>, Pa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>, Fra<span class=\"_ _0\"></span>nce<span class=\"_ _332\"> </span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _216\"> </span>c/o Cala B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, N\u00fam<span class=\"_ _0\"></span>ero 1<span class=\"_ _3\"></span>5, Pol\u00edgon<span class=\"_ _0\"></span>o So<span class=\"_ _0\"></span>n Fus<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, 0700<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>, Pal<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _127\"> </span>c<span class=\"_ _0\"></span>/o Lucia<span class=\"_ _0\"></span>no R<span class=\"_ _0\"></span>amo<span class=\"_ _0\"></span>s Dia<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>, Loc<span class=\"_ _0\"></span>al 2 D<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>o 4 \u2013 S Cris<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>bal L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, 38202, S<span class=\"_ _0\"></span>an Cri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toba<span class=\"_ _0\"></span>l <span class=\"ls4\"> </span>de la L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, T<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _10a\"> </span>C<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a Sa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a Creu d<span class=\"_ _0\"></span>o Ca<span class=\"_ _0\"></span>lafell 8<span class=\"_ _15\"></span>1, Gave, 0<span class=\"_ _0\"></span>8850, B<span class=\"_ _0\"></span>arcel<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _2c\"> </span><span class=\"ls6d ws0\">Jav<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>at 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Rot<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>m, N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _217\"> </span>Mi<span class=\"_ _0\"></span>tec O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Cen<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>t 9B<span class=\"_ _0\"></span>, Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Flo<span class=\"_ _0\"></span>or<span class=\"_ _15\"></span>, S<span class=\"_ _0\"></span>ilve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>woo<span class=\"_ _0\"></span>d Bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>lver<span class=\"_ _2\"></span>wood Rd,<span class=\"_ _332\"> </span> Lur<span class=\"_ _0\"></span>gan<span class=\"_ _0\"></span>, Cr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>avon, N<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span>n Irel<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, BT<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>6 6SY<span class=\"_ _15\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span> Mitie Schweiz GmbH<span class=\"_ _11e\"> </span><span class=\"ls6d ws0\">Br<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dsc<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>kes<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse 9<span class=\"_ _0\"></span>0, CH<span class=\"_ _0\"></span>-8<span class=\"_ _0\"></span>027<span class=\"_ _6\"></span>, Zur<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mitie Suomi Oy<span class=\"_ _292\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o Ov Vis<span class=\"_ _0\"></span>ma S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Infocon A<span class=\"_ _0\"></span>b, Porme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>nrin<span class=\"_ _0\"></span>e 8, 0<span class=\"_ _0\"></span>01<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>0 Hel<span class=\"_ _0\"></span>sink<span class=\"_ _0\"></span>i, F<span class=\"_ _0\"></span>inla<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _21e\"> </span><span class=\"ls6d ws0\">3<span class=\"_ _3\"></span>5 D<span class=\"_ _0\"></span>uche<span class=\"_ _0\"></span>ss Ro<span class=\"_ _0\"></span>ad, Ru<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>, Gl<span class=\"_ _0\"></span>asg<span class=\"_ _0\"></span>ow, Scotlan<span class=\"_ _0\"></span>d, G7<span class=\"_ _0\"></span>3 1<span class=\"_ _15\"></span>AU, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _88\"> </span>235 Ikorod<span class=\"_ _0\"></span>u Road<span class=\"_ _0\"></span>, Ilup<span class=\"_ _0\"></span>eju<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>agos<span class=\"_ _0\"></span>, Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _13f\"> </span><span class=\"ls6d ws0\">C<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>e Jua<span class=\"_ _0\"></span>n Ign<span class=\"_ _0\"></span>acio L<span class=\"_ _0\"></span>uca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>, 8, 28027<span class=\"_ _15\"></span>, Ma<span class=\"_ _0\"></span>drid<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span></span>No su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re in l<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2023<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gsb32\">Joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb33\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls119 ws198 gsb34\">Entity<span class=\"_ _307\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gsb35\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gsb36\">% vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws10b gsb37\">and ownership </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gsb38\">interest<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gsb39\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gsb3a\">% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws5f gsb3b\">value owned<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsb3c\">Interserve Rezayat Compan<span class=\"_ _3\"></span>y LL<span class=\"_ _3\"></span>C<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb3d\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb3e\">Uni<span class=\"_ _0\"></span>t 6 an<span class=\"_ _0\"></span>d 7<span class=\"_ _15\"></span>, Al A<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ni Cen<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>s Bi<span class=\"_ _0\"></span>n Mal<span class=\"_ _0\"></span>ik Road<span class=\"_ _0\"></span>, Bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g num<span class=\"_ _0\"></span>ber 2727<span class=\"_ _6\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb3f\">Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l numb<span class=\"_ _0\"></span>er 8<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>4, R<span class=\"_ _0\"></span>iy<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>h, Pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al Co<span class=\"_ _0\"></span>de 1<span class=\"_ _15\"></span>33, Kingd<span class=\"_ _0\"></span>om of Sa<span class=\"_ _0\"></span>udi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _79\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _58\"> </span>50%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb40\">L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsb41\">2<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb42\">Level 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>ge Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, SE<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">51%<span class=\"_ _e6\"> </span>51%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb43\">Pri<span class=\"_ _0\"></span>de (SERP) Ltd<span class=\"_ _77\"> </span>L<span class=\"_ _0\"></span>evel 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, The S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>ridg<span class=\"_ _0\"></span>e Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ki<span class=\"_ _0\"></span>ngdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _e6\"> </span>50%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsb44\">Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP<span class=\"_ _e3\"> </span>Level 1<span class=\"_ _3\"></span>2, T<span class=\"_ _0\"></span>he Sh<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, 32 London B<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>idge St<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>t, Lo<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n, SE<span class=\"_ _3\"></span>1 9SG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d King<span class=\"_ _0\"></span>dom<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">35%<span class=\"_ _58\"> </span>35%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gsb45\">Notes:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gsb46\">1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>his e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s in li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gsb47\">2.  <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed ow<span class=\"_ _0\"></span>ns 49% of L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Gu<span class=\"_ _0\"></span>lf Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt LLC<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>n ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>gis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d offic<span class=\"_ _0\"></span>e is in t<span class=\"_ _0\"></span>he Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b Emi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws5c gsb48\">Joint oper<span class=\"_ _0\"></span>ations </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsb49\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf2 wsd0 gsb4a\">Joint oper<span class=\"_ _0\"></span>ations<span class=\"_ _128\"> </span><span class=\"ls107 ws42\">Countr<span class=\"_ _0\"></span>y of incorporation <span class=\"_ _b3\"> </span><span class=\"ls119 wsdd\">Prin<span class=\"_ _0\"></span>cipal activit<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gsb4b\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gsb4c\">% interest<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c wscb gsb4d\">OneA<span class=\"_ _0\"></span>im<span class=\"_ _42\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _19d\"> </span><span class=\"ls9 ws8\">Si<span class=\"_ _0\"></span>tewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>s<span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">50%</span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "15. Interests in joint ventures and associates The Group has interests in joint ventures and associates, which are all equity accounted entities. Landmarc Support Services Limited (Landmarc UK) and Sussex Estates and Facilities LLP (Sussex) are equity accounted entities that were material to the Group. All equity accounted entities provide facilities management services. Details of all joint ventures and associates are provided in Note 36. Interests in joint ventures and associates Ownership  % Nature of relationship 2023  \u00a3m 2022  \u00a3m Landmarc UK 51 Joint venture 7.9 10.5 Sussex 35 Associate 0.6 0.7 Other Joint ventures 0.3 0.7 At 31 March 8.8 11.9 2023 2022 Landmarc UK 1 \u00a3m Sussex 1 \u00a3m Other 1 \u00a3m Group share  of joint ventures  and associates  \u00a3m Group share  of joint ventures  and associates  \u00a3m At 1 April 10.5 0.7 0.7 11.9 11.0 Share of profit/(loss) before Other items 7.9 0.8 (0.4) 8.3 6.6 Share of profit \u2013 Other items 2 \u2013  \u2013 \u2013 \u2013 (2.4) Share of other comprehensive (expense)/income (2.4) \u2013 \u2013   (2.4) 0.7 Dividends (8.1) (0.9) \u2013 (9.0) (4.0) At 31 March 7.9 0.6 0.3 8.8 11.9 Notes: 1.  Net assets/results of the entity multiplied by the respective proportion of the Group\u2019s ownership. 2.  The Group\u2019s share of amortisation of customer contracts arising on business combinations was \u00a3nil for the year ended 31 March 2023 (2022: \u00a32.4m). Summarised statement of total comprehensive income (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Revenue 196.5 28.4 \u2013 224.9 164.6 24.0 2.2 190.8 Group\u2019s share of revenue of joint ventures  and associates 100.2 9.9 \u2013 110.1 84.0 8.4 1.1 93.5 Depreciation and amortisation (1.4) \u2013 \u2013 (1.4) (0.9) \u2013 \u2013 (0.9) Operating profit/(loss) 18.8 3.0 (0.9) 20.9 13.3 2.8 0.2 16.3 Finance income 0.3 \u2013 \u2013 0.3 0.1 \u2013 \u2013 0.1 Tax (3.6) (0.6) \u2013 (4.2) (2.5) \u2013 \u2013 (2.5) Profit/(loss) for the year 15.5 2.4 (0.9) 17.0 10.9 2.8 0.2 13.9 Other comprehensive (expense)/income (4.7) \u2013 \u2013 (4.7) 1.3 \u2013 \u2013 1.3 Total comprehensive income/(expense) (100%) 10.8 2.4 (0.9) 12.3 12.2 2.8 0.2 15.2 Summarised balance sheet (100%) 2023 2022 Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Tot al  \u00a3m Landmarc UK  \u00a3m Sussex  \u00a3m Other  \u00a3m Total  \u00a3m Non-current assets 5.8 \u2013 \u2013 5.8 10.7 \u2013 \u2013 10.7 Current assets 52.6 9.9 1.3 63.8 41.3 8.9 5.1 55.3 Current liabilities (43.0) (8.3) (0.8) (52.1) (31.4) (7.0) (3.6) (42.0) Net assets (100%) 15.4 1.6 0.5 17.5 20.6 1.9 1.5 24.0 Group\u2019s share of net assets 7.9 0.6 0.3 8.8 10.5 0.7 0.7 11.9 The above includes the following: Cash and cash equivalents (100%) 35.4 5.3 1.3 42.0 28.7 7.4 0.4 36.5 The Group is not aware of any material commitments in respect of its interests in joint ventures and associates. There are no significant restrictions on the ability to transfer funds to the Group in the form of cash dividends, or to repay loans or advances made by the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "16. Trade and other receivables 2023  \u00a3m 2022 1 \u00a3m Trade receivables 450.8 386.3 Accrued income 278.9 239.7 Prepayments 40.2 30.4 Other receivables 40.4 55.4 Total 810.3 711.8 Included in current assets 786.8 686.7 Included in non-current assets 23.5 25.1 Total 810.3 711.8 Note: 1.  Trade and other receivables of \u00a317.3m have been reclassified from current assets to non-current assets. See Note 1. Trade receivables at 31 March 2023 represent 31 days credit on sales (2022: 28 days). The Group has discontinued the use of a non-recourse customer invoice discounting facility (CID) under which certain trade receivable balances were sold to the Group\u2019s relationship banks. As these trade receivables were sold without recourse, the Group derecognised them, and so they were not included within trade receivables. The amount of invoice discounting at 31 March 2022 was \u00a344.5m. Management considers that the carrying amount of trade and other receivables approximates their fair value. Information about the Group\u2019s exposure to credit risk and its loss allowance against the balance of trade receivables, accrued income and other receivables is provided in Note 25 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-673": {
   "value": "2023  \u00a3m 2022 1 \u00a3m Trade receivables 450.8 386.3 Accrued income 278.9 239.7 Prepayments 40.2 30.4 Other receivables 40.4 55.4 Total 810.3 711.8 Included in current assets 786.8 686.7 Included in non-current assets 23.5 25.1 Total 810.3 711.8 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "Trade receivables at 31 March 2023 represent 31 days credit on sales (2022: 28 days). The Group has discontinued the use of a non-recourse customer invoice discounting facility (CID) under which certain trade receivable balances were sold to the Group\u2019s relationship banks. As these trade receivables were sold without recourse, the Group derecognised them, and so they were not included within trade receivables. The amount of invoice discounting at 31 March 2022 was \u00a344.5m. Management considers that the carrying amount of trade and other receivables approximates their fair value. Information about the Group\u2019s exposure to credit risk and its loss allowance against the balance of trade receivables, accrued income and other receivables is provided in Note 25 . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "17. Contract assets Pre-contract  costs  \u00a3m Contract  fulfilment costs  \u00a3m Tot al  \u00a3m At 1 April 2021 1.4 2.5 3.9 Additions 0.1 0.9 1.0 Amortisation (0.8) (0.9) (1.7) At 31 March 2022 0.7 2.5 3.2 Amortisation (0.1) (1.2) (1.3) At 31 March 2023 0.6 1.3 1.9 Included in current assets 0.2 0.9 1.1 Included in non-current assets 0.4 0.4 0.8 Total 0.6 1.3 1.9 Contract assets are amortised on a straight-line basis over the contract life which is consistent with the transfer of services to the customer to which the asset relates. Management has determined that no impairment of contract assets is required as at 31 March 2023 (2022: \u00a3nil). ",
   "dimensions": {
    "concept": "mitiegroupplc:DisclosureOfContractAssets",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "18. Inventories 2023  \u00a3m 2022  \u00a3m Materials and total 13.5 11.9 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "19. Trade and other payables 2023  \u00a3m 2022  \u00a3m Trade payables 230.5 134.8 Other taxes and social security 123.0 117.7 Other payables 1 22.7 57.2 Accruals 525.6 534.3 Total 901.8 844.0 Included in current liabilities 899.5 841.2 Included in non-current liabilities 2 2.3 2.8 Total 901.8 844.0 Notes: 1.  As at 31 March 2022, \u00a320.0m cash was held across the Group\u2019s bank accounts in respect of the CID facility, where cash collected from the Group\u2019s customers was held on trust for the CID facility provider. This cash was subsequently remitted to the CID facility provider by 5 April 2022 and was included within current other payables at 31 March 2022. 2.  Non-current other payables mainly comprise contingent consideration and performance-based employment-linked earnouts arising on the acquisitions of Rock and Custom Solar. Refer to Note 30. Trade creditors at 31 March 2023 represent 32 days credit on trade purchases (2022: 23 days). Management considers that the carrying amount of trade and other payables approximates their fair value. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "19. Trade and other payables 2023  \u00a3m 2022  \u00a3m Trade payables 230.5 134.8 Other taxes and social security 123.0 117.7 Other payables 1 22.7 57.2 Accruals 525.6 534.3 Total 901.8 844.0 Included in current liabilities 899.5 841.2 Included in non-current liabilities 2 2.3 2.8 Total 901.8 844.0 Notes: 1.  As at 31 March 2022, \u00a320.0m cash was held across the Group\u2019s bank accounts in respect of the CID facility, where cash collected from the Group\u2019s customers was held on trust for the CID facility provider. This cash was subsequently remitted to the CID facility provider by 5 April 2022 and was included within current other payables at 31 March 2022. 2.  Non-current other payables mainly comprise contingent consideration and performance-based employment-linked earnouts arising on the acquisitions of Rock and Custom Solar. Refer to Note 30. Trade creditors at 31 March 2023 represent 32 days credit on trade purchases (2022: 23 days). Management considers that the carrying amount of trade and other payables approximates their fair value. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-684": {
   "value": "Non-current other payables mainly comprise contingent consideration and performance-based employment-linked earnouts arising on the acquisitions of Rock and Custom Solar. Refer to Note 30. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-674": {
   "value": "Non-current other payables mainly comprise contingent consideration and performance-based employment-linked earnouts arising on the acquisitions of Rock and Custom Solar. Refer to Note 30. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "20. Deferred income The significant changes in deferred income are as follows: 2023  \u00a3m 2022  \u00a3m At 1 April 116.1 114.9 Revenue recognised that was included in the deferred income balance at the beginning of the year (83.7) (58.6) Increase due to cash received, excluding amounts recognised as revenue during the year 68.3 56.1 Arising on business combinations 2.4 3.7 At 31 March 103.1 116.1 Included within current liabilities 83.3 83.5 Included within non-current liabilities 19.8 32.6 Total 103.1 116.1 For any amounts which do not relate to specific contractual performance obligations, the income is deferred to the consolidated balance sheet and amortised over the period in which the contracted services are delivered to the customer. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-675": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls4f ws6b gs61a\">2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>. Provisions<span class=\"_ _0\"></span> </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls121 ws144 gs61b\">Contract </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs61c\">sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs61d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls11a ws13e gs61e\">Insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls107 ws105 gs61f\">reser<span class=\"_ _0\"></span>ve <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs620\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs621\">Pension <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs622\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf4 ws165 gs623\">Dilapidations <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs624\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls143 ws166 gs625\">Restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>turing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs626\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs627\">O<span class=\"_ _0\"></span>ther  </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs628\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs629\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs62a\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs62b\">At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022 (<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted)<span class=\"_ _28f\"> </span><span class=\"ls4\">56.3<span class=\"_ _3b\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _aa\"> </span><span class=\"ff89\">117.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs62c\">Adop<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to I<span class=\"_ _0\"></span>AS 37<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs62d\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws0 gs62e\">1.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span><span class=\"ff89\">1.1<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs62f\">At 1 Apr<span class=\"_ _0\"></span>il 2022 <span class=\"_ _228\"> </span><span class=\"ls4\">57.4<span class=\"_ _1d\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _99\"> </span><span class=\"ff89\">118.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs630\">Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _290\"> </span><span class=\"ls4\">6.1<span class=\"_ _72\"> </span>9.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.3<span class=\"_ _72\"> </span>2.2<span class=\"_ _72\"> </span>1.4<span class=\"_ _d8\"> </span><span class=\"ff89\">20.5<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs631\">Rele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _2b\"> </span><span class=\"ls4\">(5.3)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.2)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span><span class=\"ff89\">(6.5)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs632\">Unwi<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of discou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n the di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _12a\"> </span><span class=\"ls4\">\u2013<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span><span class=\"ff89\">0.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs633\">U<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e year<span class=\"_ _95\"> </span><span class=\"ls4\">(8.9)<span class=\"_ _118\"> </span>(9.3)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.6)<span class=\"_ _ae\"> </span>(0.3)<span class=\"_ _3e\"> </span><span class=\"ff89\">(20.9)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs634\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _291\"> </span><span class=\"ff88 ls4\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls32 ws60 gs635\">Included in<span class=\"_ _3\"></span> current liabilities<span class=\"_ _292\"> </span><span class=\"ls4 ws0\">17.5<span class=\"_ _72\"> </span>8.8<span class=\"_ _3b\"> </span>21.7<span class=\"_ _72\"> </span>0.4<span class=\"_ _72\"> </span>2.4<span class=\"_ _72\"> </span>3.4<span class=\"_ _d8\"> </span><span class=\"ff89\">54.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls32 ws60 gs636\">Included in<span class=\"_ _3\"></span> non-<span class=\"_ _0\"></span>current liabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _1ff\"> </span><span class=\"ls4 ws0\">31.8<span class=\"_ _3b\"> </span>17.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>7.6<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.3<span class=\"_ _d8\"> </span><span class=\"ff89\">57.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls16e ws79 gs637\">To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _27c\"> </span><span class=\"ff88 ls4 ws0\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 lsf3 ws147 gs638\">Note:<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls109 ws0 gs639\">1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 1 Ap<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2022 ha<span class=\"_ _0\"></span>ve be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>he ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge in a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cy for o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to IA<span class=\"_ _0\"></span>S 37 </div><div class=\"t m1 h11 ff8b fsb fc7 sc0 ls109 ws0 gs63a\">Oner<span class=\"_ _0\"></span>ous Con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>s \u2013 Cos<span class=\"_ _0\"></span>t of Fulfil<span class=\"_ _0\"></span>ling a Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t<span class=\"ff88\">. Refer to N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs63b\">Contract specific costs<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs63c\">Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s provi<span class=\"_ _0\"></span>sion of \u00a34<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>3m<span class=\"_ _3\"></span>) com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>es on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>10.5<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.2<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs63d\">prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a338<span class=\"_ _0\"></span>.8m (<span class=\"_ _0\"></span>2022: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs63e\">On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions w<span class=\"_ _0\"></span>ill be u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs63f\">num<span class=\"_ _0\"></span>ber of ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. G<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>n the l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m natu<span class=\"_ _0\"></span>re of the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on of on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns is a key so<span class=\"_ _0\"></span>urce of es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs640\">Key judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n and s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to cha<span class=\"_ _0\"></span>nge in a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t in N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs641\">prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _15\"></span>4<span class=\"_ _0\"></span>m, re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed \u00a30.4m an<span class=\"_ _0\"></span>d ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d \u00a3<span class=\"_ _3\"></span>4.8<span class=\"_ _0\"></span>m in th<span class=\"_ _0\"></span>e year w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t to onero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs642\">Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y to cover re<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red to m<span class=\"_ _0\"></span>eet c<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ts\u2019 con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d inclu<span class=\"_ _0\"></span>de <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs643\">a \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>n a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, a \u00a36.<span class=\"_ _0\"></span>2m p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to a com<span class=\"_ _0\"></span>merc<span class=\"_ _0\"></span>ial </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs644\">set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t, a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of rec<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty ma<span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs645\">of the di<span class=\"_ _0\"></span>scont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d So<span class=\"_ _0\"></span>cial H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>ing bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. The v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the<span class=\"_ _0\"></span>se prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>kely ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d over <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs646\">a ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of eig<span class=\"_ _0\"></span>ht ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>tial co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s, le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l clai<span class=\"_ _0\"></span>ms an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on wor<span class=\"_ _0\"></span>k for othe<span class=\"_ _0\"></span>r </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs647\">cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m, r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _3\"></span>4.9m and u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised \u00a34.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m of th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _2\"></span>t specifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls18 ws24 gs648\">Insurance r<span class=\"_ _3\"></span>eser<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs649\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ins a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es for empl<span class=\"_ _0\"></span>oyer lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d moto<span class=\"_ _0\"></span>r and fl<span class=\"_ _0\"></span>eet l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is involv<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs64a\">in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he ul<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd tim<span class=\"_ _0\"></span>ing of w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>not b<span class=\"_ _0\"></span>e kn<span class=\"_ _0\"></span>own w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs64b\">clai<span class=\"_ _0\"></span>ms incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t not ye<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted and i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le at t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed over<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws120 gs64c\">five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs64d\">The i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve of \u00a3<span class=\"_ _0\"></span>26.2<span class=\"_ _0\"></span>m is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted gr<span class=\"_ _0\"></span>oss of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>er rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>0m (2022<span class=\"_ _0\"></span>: \u00a36.<span class=\"_ _0\"></span>5m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs64e\">is vir<span class=\"_ _2\"></span>tuall<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain to r<span class=\"_ _0\"></span>ecover for cla<span class=\"_ _0\"></span>ims un<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce pol<span class=\"_ _0\"></span>icies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws15 gs64f\">Pension<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs650\">The p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s \u00a32<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m for Sec<span class=\"_ _2\"></span>tion 75 emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>ebt li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of Rob<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t Pret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>tie FM<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs651\">Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a resul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>n the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>his a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r timi<span class=\"_ _0\"></span>ng of ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flows is<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs652\">dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e of the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ay occur ove<span class=\"_ _0\"></span>r a lon<span class=\"_ _0\"></span>ger p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od th<span class=\"_ _0\"></span>an on<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Se<span class=\"_ _0\"></span>e Note 32. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs653\">Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a30.<span class=\"_ _0\"></span>8m an<span class=\"_ _0\"></span>d rele<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2m for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a provi<span class=\"_ _0\"></span>sion o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs654\">acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion of I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve for the sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019s exit p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws15 gs655\">Dilapid<span class=\"_ _0\"></span>ations<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs656\">The p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion for dila<span class=\"_ _0\"></span>pid<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to the l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ties to b<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e lan<span class=\"_ _0\"></span>dlord i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>nd of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs657\">the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his cos<span class=\"_ _0\"></span>t wo<span class=\"_ _0\"></span>uld in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e repa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>s of any da<span class=\"_ _0\"></span>mag<span class=\"_ _0\"></span>e and we<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t five year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls4 ws0 gs658\">Restruc<span class=\"_ _0\"></span>turing </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs659\">The r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g prov<span class=\"_ _0\"></span>ision a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m of prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on wh<span class=\"_ _0\"></span>ere a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>ed forma<span class=\"_ _0\"></span>l pla<span class=\"_ _0\"></span>n is in pl<span class=\"_ _0\"></span>ace an<span class=\"_ _0\"></span>d a val<span class=\"_ _0\"></span>id ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tati<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>hose<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs65a\">affec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>aise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _15\"></span>.<span class=\"_ _332\"> </span></div>Contractual<span class=\"_ _3\"></span> disputes,<span class=\"_ _3\"></span> guarantees an<span class=\"_ _3\"></span>d ind<span class=\"_ _3\"></span>emnities<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is<span class=\"_ _0\"></span>, from tim<span class=\"_ _0\"></span>e to tim<span class=\"_ _0\"></span>e, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tual disp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tes th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>ise in t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>e of any of the<span class=\"_ _0\"></span>se dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes w<span class=\"_ _0\"></span>ill have a ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n as a<span class=\"_ _0\"></span>lrea<span class=\"_ _0\"></span>dy p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed for in th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. In a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed on b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>n be n<span class=\"_ _0\"></span>o gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>e tha<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span>se prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns (which may b<span class=\"_ _0\"></span>e subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to p<span class=\"_ _0\"></span>oten<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>lly ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>visi<span class=\"_ _0\"></span>on from ti<span class=\"_ _0\"></span>me to tim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) wi<span class=\"_ _0\"></span>ll resul<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>n accu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te pre<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, due to t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies th<span class=\"_ _0\"></span>at may b<span class=\"_ _0\"></span>e incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of a pos<span class=\"_ _0\"></span>sible l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing to a cer<span class=\"_ _2\"></span>ta<span class=\"_ _0\"></span>in PFI con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is in t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>cess of i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to prov<span class=\"_ _0\"></span>ide re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n work<span class=\"_ _2\"></span>s exis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. At th<span class=\"_ _0\"></span>is s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age of t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, no re<span class=\"_ _0\"></span>liab<span class=\"_ _0\"></span>le es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te or like<span class=\"_ _0\"></span>ly tim<span class=\"_ _0\"></span>ing of a<span class=\"_ _0\"></span>ny poss<span class=\"_ _0\"></span>ible li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, if it ex<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ting da<span class=\"_ _0\"></span>te. The C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies have p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>ded p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce and fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tees<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns on i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s beh<span class=\"_ _0\"></span>alf, amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing to \u00a3<span class=\"_ _0\"></span>33.<span class=\"_ _3\"></span>7m (2022: \u00a3<span class=\"_ _0\"></span>29<span class=\"_ _15\"></span>.<span class=\"_ _0\"></span>2m<span class=\"_ _3\"></span>) in t<span class=\"_ _0\"></span>he ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re not e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to resu<span class=\"_ _0\"></span>lt in a<span class=\"_ _0\"></span>ny ma<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>al fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Multi-emplo<span class=\"_ _3\"></span>yer p<span class=\"_ _3\"></span>ension<span class=\"_ _3\"></span> schemes<span class=\"_ _332\"> </span>Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up (<span class=\"_ _3\"></span>or a s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _2\"></span>y of the Gro<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>) ex<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, pens<span class=\"_ _0\"></span>ion l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on may re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up to fund th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s sha<span class=\"_ _0\"></span>re of the to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of net l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>off ca<span class=\"_ _0\"></span>sh p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent (a Sec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 deb<span class=\"_ _0\"></span>t und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Pensio<span class=\"_ _0\"></span>ns Ac<span class=\"_ _0\"></span>t 1<span class=\"_ _3\"></span>995)<span class=\"_ _3\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to have a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 empl<span class=\"_ _0\"></span>oyer de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie Pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ty S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he Plum<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>g Sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2.4m by the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r no even<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s occur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to tri<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ger th<span class=\"_ _0\"></span>is de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Employment claims<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is<span class=\"_ _0\"></span>, from tim<span class=\"_ _0\"></span>e to tim<span class=\"_ _0\"></span>e, pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oym<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s, cla<span class=\"_ _0\"></span>ims<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>ial li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>rise i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y cou<span class=\"_ _0\"></span>rse of b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t ant<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te th<span class=\"_ _0\"></span>at a<span class=\"_ _0\"></span>ny of the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t mat<span class=\"_ _2\"></span>ters w<span class=\"_ _0\"></span>ill give r<span class=\"_ _0\"></span>ise to s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span>ly or in a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>te, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h will have a m<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l adv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se effec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s financia<span class=\"_ _0\"></span>l pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>. Provisions<span class=\"_ _0\"></span> Contract sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>\u00a3m<span class=\"_ _332\"> </span>Insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce reser<span class=\"_ _0\"></span>ve <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Pension <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Dilapidations <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>turing <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>O<span class=\"_ _0\"></span>ther  \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>At 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2022 (<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s rep<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ted)<span class=\"_ _28f\"> </span><span class=\"ls4\">56.3<span class=\"_ _3b\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _aa\"> </span><span class=\"ff89\">117.0<span class=\"_ _332\"> </span></span></span>Adop<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to I<span class=\"_ _0\"></span>AS 37<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>1.1<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span><span class=\"ff89\">1.1<span class=\"_ _332\"> </span></span>At 1 Apr<span class=\"_ _0\"></span>il 2022 <span class=\"_ _228\"> </span><span class=\"ls4\">57.4<span class=\"_ _1d\"> </span>26.0<span class=\"_ _1d\"> </span>23.7<span class=\"_ _72\"> </span>6.5<span class=\"_ _72\"> </span>1.9<span class=\"_ _72\"> </span>2.6<span class=\"_ _99\"> </span><span class=\"ff89\">118.1<span class=\"_ _332\"> </span></span></span>Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s in the ye<span class=\"_ _0\"></span>ar<span class=\"_ _290\"> </span><span class=\"ls4\">6.1<span class=\"_ _72\"> </span>9.5<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.3<span class=\"_ _72\"> </span>2.2<span class=\"_ _72\"> </span>1.4<span class=\"_ _d8\"> </span><span class=\"ff89\">20.5<span class=\"_ _332\"> </span></span></span>Rele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt <span class=\"_ _2b\"> </span><span class=\"ls4\">(5.3)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.2)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span><span class=\"ff89\">(6.5)<span class=\"_ _332\"> </span></span></span>Unwi<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g of discou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n the di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _12a\"> </span><span class=\"ls4\">\u2013<span class=\"_ _6a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _15e\"> </span><span class=\"ff89\">0.2<span class=\"_ _332\"> </span></span></span>U<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e year<span class=\"_ _95\"> </span><span class=\"ls4\">(8.9)<span class=\"_ _118\"> </span>(9.3)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(1.6)<span class=\"_ _ae\"> </span>(0.3)<span class=\"_ _3e\"> </span><span class=\"ff89\">(20.9)<span class=\"_ _332\"> </span></span></span>At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>23<span class=\"_ _291\"> </span><span class=\"ff88 ls4\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> current liabilities<span class=\"_ _292\"> </span><span class=\"ls4 ws0\">17.5<span class=\"_ _72\"> </span>8.8<span class=\"_ _3b\"> </span>21.7<span class=\"_ _72\"> </span>0.4<span class=\"_ _72\"> </span>2.4<span class=\"_ _72\"> </span>3.4<span class=\"_ _d8\"> </span><span class=\"ff89\">54.2<span class=\"_ _332\"> </span></span></span>Included in<span class=\"_ _3\"></span> non-<span class=\"_ _0\"></span>current liabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties<span class=\"_ _1ff\"> </span><span class=\"ls4 ws0\">31.8<span class=\"_ _3b\"> </span>17.4<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>7.6<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.3<span class=\"_ _d8\"> </span><span class=\"ff89\">57.2<span class=\"_ _332\"> </span></span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _27c\"> </span><span class=\"ff88 ls4 ws0\">49.3<span class=\"_ _3b\"> </span>26.2<span class=\"_ _1d\"> </span>21.7<span class=\"_ _72\"> </span>8.0<span class=\"_ _72\"> </span>2.5<span class=\"_ _72\"> </span>3.7<span class=\"_ _aa\"> </span><span class=\"ff89\">111.4<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 1 Ap<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2022 ha<span class=\"_ _0\"></span>ve be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted for t<span class=\"_ _0\"></span>he ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge in a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cy for o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to IA<span class=\"_ _0\"></span>S 37 Oner<span class=\"_ _0\"></span>ous Con<span class=\"_ _0\"></span>tract<span class=\"_ _0\"></span>s \u2013 Cos<span class=\"_ _0\"></span>t of Fulfil<span class=\"_ _0\"></span>ling a Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t<span class=\"ff88\">. Refer to N<span class=\"_ _0\"></span>ote 1.<span class=\"_ _332\"> </span></span>Contract specific costs<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s provi<span class=\"_ _0\"></span>sion of \u00a34<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>3m<span class=\"_ _3\"></span>) com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>es on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>10.5<span class=\"_ _0\"></span>m (2022: \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.2<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>) and o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a338<span class=\"_ _0\"></span>.8m (<span class=\"_ _0\"></span>2022: \u00a3<span class=\"_ _3\"></span>43.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m PFI cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ions w<span class=\"_ _0\"></span>ill be u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a num<span class=\"_ _0\"></span>ber of ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. G<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>n the l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m natu<span class=\"_ _0\"></span>re of the<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on of on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns is a key so<span class=\"_ _0\"></span>urce of es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>. Key judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n and s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to cha<span class=\"_ _0\"></span>nge in a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t in N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _15\"></span>1.<span class=\"_ _15\"></span>4<span class=\"_ _0\"></span>m, re<span class=\"_ _0\"></span>lea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed \u00a30.4m an<span class=\"_ _0\"></span>d ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d \u00a3<span class=\"_ _3\"></span>4.8<span class=\"_ _0\"></span>m in th<span class=\"_ _0\"></span>e year w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t to onero<span class=\"_ _0\"></span>us cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y to cover re<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>red to m<span class=\"_ _0\"></span>eet c<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ts\u2019 con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d inclu<span class=\"_ _0\"></span>de <span class=\"ls4\"> </span>a \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to a sig<span class=\"_ _0\"></span>nific<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>n a cer<span class=\"_ _2\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to d<span class=\"_ _0\"></span>ispu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, a \u00a36.<span class=\"_ _0\"></span>2m p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to a com<span class=\"_ _0\"></span>merc<span class=\"_ _0\"></span>ial set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t, a<span class=\"_ _0\"></span>nd \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ing to cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of rec<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n prop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty ma<span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>of the di<span class=\"_ _0\"></span>scont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d So<span class=\"_ _0\"></span>cial H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>ing bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. The v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the<span class=\"_ _0\"></span>se prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the s<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>kely ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d over <span class=\"ls4\"> </span>a ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of eig<span class=\"_ _0\"></span>ht ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>tial co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcial c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s, le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l clai<span class=\"_ _0\"></span>ms an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ific<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on wor<span class=\"_ _0\"></span>k for othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ised a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _3\"></span>4.7<span class=\"_ _3\"></span>m, r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed \u00a3<span class=\"_ _3\"></span>4.9m and u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>ised \u00a34.<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>m of th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _2\"></span>t specifi<span class=\"_ _0\"></span>c prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns.<span class=\"_ _332\"> </span>Insurance r<span class=\"_ _3\"></span>eser<span class=\"_ _0\"></span>ve<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ins a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re in re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es for empl<span class=\"_ _0\"></span>oyer lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d moto<span class=\"_ _0\"></span>r and fl<span class=\"_ _0\"></span>eet l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is involv<span class=\"_ _0\"></span>ed <span class=\"ls4\"> </span>in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he ul<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate cos<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd tim<span class=\"_ _0\"></span>ing of w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>not b<span class=\"_ _0\"></span>e kn<span class=\"_ _0\"></span>own w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cer<span class=\"_ _2\"></span>tain<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at th<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>ance s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s clai<span class=\"_ _0\"></span>ms incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t not ye<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>ted and i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n informa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n avai<span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>le at t<span class=\"_ _0\"></span>he ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce shee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o be u<span class=\"_ _0\"></span>tilis<span class=\"_ _0\"></span>ed over<span class=\"_ _0\"></span> five ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>The i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve of \u00a3<span class=\"_ _0\"></span>26.2<span class=\"_ _0\"></span>m is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted gr<span class=\"_ _0\"></span>oss of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>er rei<span class=\"_ _0\"></span>mbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t of \u00a3<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>0m (2022<span class=\"_ _0\"></span>: \u00a36.<span class=\"_ _0\"></span>5m)<span class=\"_ _3\"></span>, w<span class=\"_ _0\"></span>hich re<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is vir<span class=\"_ _2\"></span>tuall<span class=\"_ _0\"></span>y cer<span class=\"_ _2\"></span>tain to r<span class=\"_ _0\"></span>ecover for cla<span class=\"_ _0\"></span>ims un<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce pol<span class=\"_ _0\"></span>icies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t is pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ecei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Pension<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>rovisi<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s \u00a32<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m for Sec<span class=\"_ _2\"></span>tion 75 emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>ebt li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of Rob<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>t Pret<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie &amp; Co L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nd Mi<span class=\"_ _0\"></span>tie FM<span class=\"_ _0\"></span> Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a resul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>n the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>his a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s a cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r timi<span class=\"_ _0\"></span>ng of ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>flows is<span class=\"_ _0\"></span> dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e of the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ay occur ove<span class=\"_ _0\"></span>r a lon<span class=\"_ _0\"></span>ger p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od th<span class=\"_ _0\"></span>an on<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. Se<span class=\"_ _0\"></span>e Note 32. Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns of \u00a30.<span class=\"_ _0\"></span>8m an<span class=\"_ _0\"></span>d rele<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sed \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2m for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>ecogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a provi<span class=\"_ _0\"></span>sion o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion of I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve for the sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019s exit p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich ha<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>een s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>led d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Dilapid<span class=\"_ _0\"></span>ations<span class=\"_ _332\"> </span>The p<span class=\"_ _0\"></span>rovis<span class=\"_ _0\"></span>ion for dila<span class=\"_ _0\"></span>pid<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to the l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>ties to b<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rne<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e lan<span class=\"_ _0\"></span>dlord i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cond<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>nd of the l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his cos<span class=\"_ _0\"></span>t wo<span class=\"_ _0\"></span>uld in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e repa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>s of any da<span class=\"_ _0\"></span>mag<span class=\"_ _0\"></span>e and we<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>nd te<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e nex<span class=\"_ _2\"></span>t five year<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Restruc<span class=\"_ _0\"></span>turing The r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g prov<span class=\"_ _0\"></span>ision a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023 in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>m of prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on wh<span class=\"_ _0\"></span>ere a d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail<span class=\"_ _0\"></span>ed forma<span class=\"_ _0\"></span>l pla<span class=\"_ _0\"></span>n is in pl<span class=\"_ _0\"></span>ace an<span class=\"_ _0\"></span>d a val<span class=\"_ _0\"></span>id ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tati<span class=\"_ _0\"></span>on in t<span class=\"_ _0\"></span>hose<span class=\"_ _0\"></span> affec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>aise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "22. Deferred tax The following are the major deferred tax assets and liabilities recognised by the Group and movements thereon: Losses  \u00a3m Accelerated capital allowances  \u00a3m Retirement benefit liabilities  \u00a3m Intangible assets acquired  \u00a3m Share  options  \u00a3m Short-term timing differences \u00a3m Tot al 1 \u00a3m At 1 April 2021 29.8 15.7 12.2 (42.9) 2.1 2.9 19.8 Arising on business combinations \u2013 (0.2) \u2013 (2.0) \u2013 \u2013 (2.2) Disposal of subsidiary undertakings \u2013 (0.4) \u2013 \u2013 \u2013 \u2013 (0.4) Credit/(charge) to income statement 4.3 (1.6) (5.8) (7.8) 4.6 4.1 (2.2) (Charge)/credit to equity and other comprehensive income \u2013 \u2013 (3.8) \u2013 (0.2) 0.1 (3.9) At 31 March 2022 34.1 13.5 2.6 (52.7) 6.5 7.1 11.1 Arising on business combinations \u2013 (0.2) \u2013 (2.1) \u2013  0.4 (1.9) Credit/(charge) to income statement 5.5 (3.7) (3.6) 4.1 0.6 1.9 4.8 Credit to equity and other comprehensive income \u2013  \u2013  1.5 \u2013 4.9 \u2013  6.4 At 31 March 2023 39.6 9.6 0.5 (50.7) 12.0 9.4 20.4 Note: 1.  Deferred tax liabilities of \u00a350.7m (2022: \u00a352.7m) are offset against deferred tax assets as they relate to income taxes levied by the same tax authority and the Group has the right to and intends to settle its current tax assets and liabilities on a net basis. The Group has unutilised income tax losses of \u00a3222.3m (2022: \u00a3223.5m) that are available for offset against future profits. A deferred tax asset has been recognised in respect of \u00a3158.4m (2022: \u00a3136.3m) of these losses to the extent that it is probable that taxable profits will be generated in the future and be available for utilisation. When considering the recoverability of deferred tax assets, the taxable profit forecasts are based on the same information used to support the going concern and goodwill assessments. See Note 1 for more information on these forecasts and the methodology applied. No deferred tax asset has been recognised in respect of losses of \u00a363.9m (2022: \u00a387.2m) because recoverability is uncertain. All losses may be carried forward indefinitely. Deferred tax has been calculated using tax rates that were substantively enacted at the balance sheet date. Refer to Note 9. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "23. Cash and cash equivalents 2023  \u00a3m 2022  \u00a3m Cash and cash equivalents 248.3 345.2 Cash and cash equivalents comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less. The Group operates cash-pooling arrangements with certain banks for cash management purposes. As at 31 March 2023, included within cash and cash equivalents is \u00a36.4m (2022: \u00a317.5m) which is subject to various constraints on the Group\u2019s ability to utilise these balances. These constraints primarily relate to amounts held in project bank accounts and cash held through a joint operation, where cash is not available for use by the Group. As at 31 March 2022, \u00a320.0m was held across the Group\u2019s bank accounts in respect of the CID facility, where cash collected from the Group\u2019s customers was held on trust for the CID facility provider. This cash was subsequently remitted to the CID facility provider by 5 April 2022 and was not categorised as restricted cash. The carrying amount of the assets approximates their fair value. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-676": {
   "value": "As at 31 March 2023, included within cash and cash equivalents is \u00a36.4m (2022: \u00a317.5m) which is subject to various constraints on the Group\u2019s ability to utilise these balances. These constraints primarily relate to amounts held in project bank accounts and cash held through a joint operation, where cash is not available for use by the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "24. Financing liabilities 2023  \u00a3m 2022  \u00a3m Bank loans \u2013 under committed facilities 7.2 7.1 Private placement notes 149.4 171.0 Lease liabilities (Note 26) 129.4 122.5 Total 286.0  300.6 Included in current liabilities 32.0 171.1 Included in non-current liabilities 254.0 129.5 Total 286.0 300.6 In October 2021, the Group signed a new \u00a3150m revolving credit facility and terminated the \u00a3250m facility which was set to mature in December 2022. The new facility expires in October 2026 following the exercise of an option to extend for a further year from October 2025 as approved by the lenders in September 2022. In November 2021, the Group agreed, under a delayed funding arrangement, the issue of \u00a3120.0m of new US private placement notes in December 2022, avoiding any overlap with the \u00a3121.5m (comprising of US$153.0m and \u00a325.0m, and net of the \u00a329.2m settlement of the cross-currency interest rate swaps in the same period) of notes that matured in the same month. The new notes are split equally between 8, 10 and 12 year maturities, and have an average coupon of 2.94%. The revolving credit facility and the US private placement notes are unsecured but have financial and non-financial covenants and obligations commonly associated with these arrangements. The Group was in compliance with these covenants as at 31 March 2023 and hence all amounts are classified in line with repayment dates. At 31 March 2023, the Group had available \u00a3141.6m (2022: \u00a3141.5m) of undrawn committed borrowing facilities in respect of which all conditions precedent had been met. The weighted average interest rates paid during the year were as follows: 2023  % 2022  % Bank loans 2.9 2.4 Private placement notes 3.9 4.0 Private placement notes The Group issued US$153.0m and \u00a355.0m of private placement notes on 13 December 2012, of which US$153.0m and \u00a325.0m matured in December 2022 and \u00a330.0m is due to mature in December 2024. The Group has further issued \u00a3120.0m of new US private placement notes on 16 December 2022. The USPP notes are unsecured and rank pari passu with other senior unsecured indebtedness of the Group. The amount, maturity and interest terms of these USPP notes as at 31 March 2023 are shown below. Tranche Maturity date Amount Interest terms 12 year 16 December 2024 \u00a330.0m \u00a3 fixed at 4.04% 8 year 16 December 2030 \u00a340.0m \u00a3 fixed at 2.84% 10 year 16 December 2032 \u00a340.0m \u00a3 fixed at 2.97% 12 year 16 December 2034 \u00a340.0m \u00a3 fixed at 3.00% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "24. Financing liabilities 2023  \u00a3m 2022  \u00a3m Bank loans \u2013 under committed facilities 7.2 7.1 Private placement notes 149.4 171.0 Lease liabilities (Note 26) 129.4 122.5 Total 286.0  300.6 Included in current liabilities 32.0 171.1 Included in non-current liabilities 254.0 129.5 Total 286.0 300.6 In October 2021, the Group signed a new \u00a3150m revolving credit facility and terminated the \u00a3250m facility which was set to mature in December 2022. The new facility expires in October 2026 following the exercise of an option to extend for a further year from October 2025 as approved by the lenders in September 2022. In November 2021, the Group agreed, under a delayed funding arrangement, the issue of \u00a3120.0m of new US private placement notes in December 2022, avoiding any overlap with the \u00a3121.5m (comprising of US$153.0m and \u00a325.0m, and net of the \u00a329.2m settlement of the cross-currency interest rate swaps in the same period) of notes that matured in the same month. The new notes are split equally between 8, 10 and 12 year maturities, and have an average coupon of 2.94%. The revolving credit facility and the US private placement notes are unsecured but have financial and non-financial covenants and obligations commonly associated with these arrangements. The Group was in compliance with these covenants as at 31 March 2023 and hence all amounts are classified in line with repayment dates. At 31 March 2023, the Group had available \u00a3141.6m (2022: \u00a3141.5m) of undrawn committed borrowing facilities in respect of which all conditions precedent had been met. The weighted average interest rates paid during the year were as follows: 2023  % 2022  % Bank loans 2.9 2.4 Private placement notes 3.9 4.0 Private placement notes The Group issued US$153.0m and \u00a355.0m of private placement notes on 13 December 2012, of which US$153.0m and \u00a325.0m matured in December 2022 and \u00a330.0m is due to mature in December 2024. The Group has further issued \u00a3120.0m of new US private placement notes on 16 December 2022. The USPP notes are unsecured and rank pari passu with other senior unsecured indebtedness of the Group. The amount, maturity and interest terms of these USPP notes as at 31 March 2023 are shown below. Tranche Maturity date Amount Interest terms 12 year 16 December 2024 \u00a330.0m \u00a3 fixed at 4.04% 8 year 16 December 2030 \u00a340.0m \u00a3 fixed at 2.84% 10 year 16 December 2032 \u00a340.0m \u00a3 fixed at 2.97% 12 year 16 December 2034 \u00a340.0m \u00a3 fixed at 3.00% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "25. Financial instruments Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. Risk management objectives The Group\u2019s treasury department monitors and manages the financial risks relating to the operations of the Group. These risks include those arising  from interest rates, foreign currencies, liquidity, credit and capital management. The Group seeks to minimise the effects of these risks by using effective control measures and, where appropriate, derivative financial instruments to hedge certain risk exposures. The use of financial derivatives is governed  by Group policies and reviewed regularly. Group policy is to not trade in financial instruments. The risk management policies remain unchanged from the previous year. Interest rate risk The Group\u2019s activities expose it to the financial risks of interest rates. The Group\u2019s treasury function reviews its risk management strategy on a regular basis and will, as appropriate, enter into derivative financial instruments in order to manage interest rate risk. Interest rate sensitivity The interest rate sensitivity has been determined based on the exposure to interest rates on cash balances net of financing liabilities (excluding lease liabilities) at the balance sheet date. All financial liabilities, other than financing liabilities, are interest free. If underlying interest rates had been 0.5% higher and all other variables were held constant, the Group\u2019s profit after tax for the year ended 31 March 2023 and reserves would increase by \u00a30.4m (2022: \u00a30.1m). Foreign currency risk The Group has limited exposure to transactional foreign currency risk from trading transactions in currencies other than the functional currency of individual group entities and some exposure to translational foreign currency risk from the translation of its foreign operations. The Group considers the need to hedge its exposures as appropriate and will enter into forward foreign exchange contracts to mitigate any significant risks. The Group fully hedged the US dollar exposure on the principal and interest payments on private placement notes until settlement in December 2022 into pounds sterling using cross-currency interest rate swaps (see Hedging activities below). At 31 March 2023 \u00a324.1m (2022: \u00a326.4m) of cash and cash equivalents were held in foreign currencies. Included in bank loans were \u00a38.4m (2022: \u00a38.5m) of loans denominated in foreign currency. Liquidity risk The Group monitors its liquidity risk using a cash flow projection model which considers the maturity of the Group\u2019s assets and liabilities and the projected cash flows from operations. Bank loans under committed facilities, which allow for appropriate headroom in the Group\u2019s daily cash movements, are then arranged. Details of the Group\u2019s bank facility can be found in Note 24. The tables below summarise the maturity profile (including both undiscounted interest and principal cash flows) of the Group\u2019s financial liabilities: Financial liabilities at 31 March 2023 Within  one year  \u00a3m Between one  and five years  \u00a3m After  five years  \u00a3m Tot al  \u00a3m Trade payables 230.5 \u2013 \u2013 230.5 Other payables 20.4 2.3 \u2013 22.7 Accruals 525.6 \u2013 \u2013 525.6 Financing liabilities 50.2 134.6 155.3 340.1 Financial liabilities 826.7 136.9 155.3 1,118.9 Financial liabilities at 31 March 2022 Within  one year  \u00a3m Between one  and five years  \u00a3m After  five years  \u00a3m Total  \u00a3m Trade payables 134.8 \u2013 \u2013 134.8 Other payables 54.4 2.8 \u2013 57.2 Accruals 534.3 \u2013 \u2013 534.3 Financing liabilities 189.6 111.6 24.4 325.6 Financial liabilities 913.1 114.4 24.4 1,051.9 Credit risk The Group\u2019s credit risk is monitored on an ongoing basis and formally reported quarterly. The value of business placed with financial institutions is reviewed on a daily basis. The Group\u2019s credit risk on liquid funds and derivative financial instruments is limited because the external counterparties are banks with high credit ratings assigned by international credit rating agencies and are managed through regular review. The maximum exposure to credit risk on cash and cash equivalents at the balance sheet date is \u00a3248.3m (2022: \u00a3345.2m). At 31 March 2022, the maximum exposure to credit risk in relation to derivatives at the balance sheet date was \u00a319.6m, being predominantly the fair value of interest rate swaps. The Group\u2019s credit risk is primarily attributable to its receivable balances from customers. Before accepting a new customer, the Group uses external credit scoring systems to assess the potential customer\u2019s credit quality and define an appropriate credit limit which is reviewed regularly. The maximum exposure to credit risk in relation to trade receivables and accrued income at the balance sheet date is the fair value of trade receivables and accrued income. The Group\u2019s customer base is large and unrelated and, accordingly, the Group does not have a significant concentration of credit risk with any one counterparty or group of counterparties. The amounts presented in the consolidated balance sheet in relation to the Group\u2019s trade receivables, accrued income and other receivables balances are presented net of loss allowances. The Group performs an impairment analysis at each reporting period and measures loss allowances on receivable balances from customers at an amount equal to lifetime expected credit losses (ECLs) using both quantitative and qualitative information and analysis based on the Group\u2019s historical experience, and forward-looking information. Other receivables are also subject to the impairment requirements of IFRS 9, the loss allowance is measured using those losses expected to arise in  the 12 months subsequent to the balance sheet date. At 31 March 2023 a loss allowance of \u00a36.2m (2022: \u00a34.1m) was recognised in respect of other receivables. The following tables provide information about the Group\u2019s exposure to credit risk and ECLs against customer balances: Trade receivables 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Current (not overdue)  420.5 (2.4) 418.1 363.4 (1.3) 362.1 1-30 days overdue 25.4 (0.2) 25.2 16.4 (0.1) 16.3 31-60 days overdue 5.4 (0.1) 5.3 5.4 (0.1) 5.3 61-90 days overdue 2.0 (0.1) 1.9 1.6  (0.1) 1.5 More than 90 days overdue 10.8 (10.5) 0.3 11.4 (10.3) 1.1 Total 464.1 (13.3) 450.8 398.2 (11.9) 386.3 Accrued income 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m 1-30 days overdue 225.4 (3.1) 222.3 202.6 (2.8) 199.8 31-60 days overdue 22.5 (0.2) 22.3 16.6 (0.1) 16.5 61-90 days overdue 11.4 (0.2) 11.2 9.4 (0.4) 9.0 More than 90 days overdue 31.2 (8.1) 23.1 21.2 (6.8) 14.4 Total 290.5 (11.6) 278.9 249.8 (10.1) 239.7 The following table provides the movement in the allowance for impairment in respect of trade receivables and accrued income: 2023  2022 Trade receivables \u00a3m Accrued income \u00a3m Trade receivables \u00a3m Accrued income \u00a3m At 1 April 11.9 10.1 10.5 10.8 Impairment losses recognised 1.3 1.5 1.5 0.6 Reversal of impairment  \u2013 \u2013 \u2013 (1.3) Disposal of businesses \u2013  \u2013  (0.1)  \u2013 Acquisition of businesses 0.1 \u2013 \u2013 \u2013 At 31 March   13.3 11.6  11.9 10.1 Capital management risk The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximising the return to stakeholders through the optimisation of debt and equity. The capital structure of the Group consists of net debt per Note 27 and equity per the consolidated statement of changes in equity. The Group is not subject to externally imposed regulatory capital requirements. Hedging activities Derivative financial instruments \u2013 cash flow hedges The Group held a number of cross-currency interest rate swaps designated as cash flow hedges on US$153.0m of private placement notes. Biannual fixed interest cash flows denominated in US dollars arising over the periods to December 2022 from the US private placement market are exchanged for fixed interest cash flows denominated in pounds sterling. A fair value gain of \u00a39.6m (2022: \u00a35.1m gain) was recognised in other comprehensive income during the year. All cash flow hedges were assessed as being highly effective as at 31 March 2023 and no amounts (2022: \u00a3nil) relating to hedge ineffectiveness were recognised in profit or loss during the year. On 16 December 2022, the Group repaid the US$153.0m private placement notes and settled the cross-currency interest rate swaps. The movement in the carrying value of derivative financial instruments at the balance sheet date was as follows: Hedging instrument  Hedged item Cross-currency interest rate swaps  \u00a3m Forward foreign exchange contracts  \u00a3m Tot al  \u00a3m US$ private placement notes  \u00a3m At 1 April 2021 14.6  (0.1)  14.5 (110.3) Movements in cash flow hedges 5.0  0.1  5.1 (5.6) At 31 March 2022 19.6  \u2013 19.6 (115.9) Movements in cash flow hedges 9.6 \u2013 9.6 (9.9) Settlement of derivative financial instruments (29.2) \u2013 (29.2) \u2013 Repayment of private placement loan notes \u2013 \u2013 \u2013 125.8 At 31 March 2023 \u2013 \u2013 \u2013 \u2013 Hedge of net investment in foreign operations Included in bank loans at 31 March 2023 was a borrowing of \u20ac9.5m (2022: \u20ac9.5m) which has been designated as a hedge of the net investment in the Republic of Ireland business of Mitie Technical Facilities Management Limited, and is being used to hedge the Group\u2019s exposure to foreign exchange risk  on this investment. Gains or losses on the translation of the borrowing are transferred to other comprehensive income to offset gains or losses on the translation of the net investment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-696": {
   "value": "25. Financial instruments Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-690": {
   "value": "25. Financial instruments Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-685": {
   "value": "25. Financial instruments Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-677": {
   "value": "25. Financial instruments Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "Classification The Group\u2019s principal financial assets are cash and cash equivalents, trade receivables, accrued income and other receivables. The Group\u2019s principal financial liabilities are financing liabilities, trade payables, accruals and other payables. Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expense) for each class of financial asset, financial liability and equity instrument are disclosed in Note 1. The vast majority of financial instruments are held at amortised costs. The classification of the fair value measurement falls into three levels, based on the degree to which the fair value is observable. The levels are as follows: Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from other observable inputs for the asset or liability; Level 3 fair value measurements are those derived from valuation techniques using inputs that are not based on observable market data. There have been no transfers between levels in the year. The Group held the following financial instruments at 31 March: 2023  \u00a3m 2022  \u00a3m Held at amortised cost Cash and cash equivalents (Note 23) 248.3 345.2 Trade receivables (Note 16) 450.8 386.3 Accrued income (Note 16) 278.9 239.7 Other receivables (Note 16) 39.4 48.7 Financing liabilities (Note 24) (286.0) (300.6) Trade payables (Note 19) (230.5) (134.8) Other payables (Note 19) (22.2) (54.4) Accruals (Note 19) (525.6) (534.3) Held at fair value through profit and loss (FVTPL) Other receivables (Note 16) 1 \u2013 6.0 Other payables (Note 19) (0.5) (2.8) Hedging instruments at fair value through other comprehensive income (FVTOCI) Other receivables (Note 16) 2 1.0 0.7 Derivative financial instruments hedging private placement notes 3 \u2013 19.6 Notes: 1.  At 31 March 2022 other receivables included the \u00a36.0m which represented management\u2019s best estimate of the amount expected to be recovered by the Group through the completion accounts and other SPA mechanisms on the Interserve acquisition. This amount has been settled during the year ended 31 March 2023. 2.  Other receivables measured at FVTOCI of \u00a31.0m (2022: \u00a30.7m) relate to a defined benefit reimbursement asset. This is considered to fall under level 2 of the fair value hierarchy.  See Note 32. 3.  The Group held a number of cross-currency interest rate swaps designated as cash flow hedges that matured in December 2022. The swaps were considered to fall into Level 2 and  the fair values were estimated by discounting expected future cashflows incorporating various inputs including interest rate curves and forward rates from third party sources. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "Risk management objectives The Group\u2019s treasury department monitors and manages the financial risks relating to the operations of the Group. These risks include those arising  from interest rates, foreign currencies, liquidity, credit and capital management. The Group seeks to minimise the effects of these risks by using effective control measures and, where appropriate, derivative financial instruments to hedge certain risk exposures. The use of financial derivatives is governed  by Group policies and reviewed regularly. Group policy is to not trade in financial instruments. The risk management policies remain unchanged from the previous year. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "Interest rate risk The Group\u2019s activities expose it to the financial risks of interest rates. The Group\u2019s treasury function reviews its risk management strategy on a regular basis and will, as appropriate, enter into derivative financial instruments in order to manage interest rate risk. Interest rate sensitivity The interest rate sensitivity has been determined based on the exposure to interest rates on cash balances net of financing liabilities (excluding lease liabilities) at the balance sheet date. All financial liabilities, other than financing liabilities, are interest free. If underlying interest rates had been 0.5% higher and all other variables were held constant, the Group\u2019s profit after tax for the year ended 31 March 2023 and reserves would increase by \u00a30.4m (2022: \u00a30.1m). Foreign currency risk The Group has limited exposure to transactional foreign currency risk from trading transactions in currencies other than the functional currency of individual group entities and some exposure to translational foreign currency risk from the translation of its foreign operations. The Group considers the need to hedge its exposures as appropriate and will enter into forward foreign exchange contracts to mitigate any significant risks. The Group fully hedged the US dollar exposure on the principal and interest payments on private placement notes until settlement in December 2022 into pounds sterling using cross-currency interest rate swaps (see Hedging activities below). At 31 March 2023 \u00a324.1m (2022: \u00a326.4m) of cash and cash equivalents were held in foreign currencies. Included in bank loans were \u00a38.4m (2022: \u00a38.5m) of loans denominated in foreign currency. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "Liquidity risk The Group monitors its liquidity risk using a cash flow projection model which considers the maturity of the Group\u2019s assets and liabilities and the projected cash flows from operations. Bank loans under committed facilities, which allow for appropriate headroom in the Group\u2019s daily cash movements, are then arranged. Details of the Group\u2019s bank facility can be found in Note 24. The tables below summarise the maturity profile (including both undiscounted interest and principal cash flows) of the Group\u2019s financial liabilities: Financial liabilities at 31 March 2023 Within  one year  \u00a3m Between one  and five years  \u00a3m After  five years  \u00a3m Tot al  \u00a3m Trade payables 230.5 \u2013 \u2013 230.5 Other payables 20.4 2.3 \u2013 22.7 Accruals 525.6 \u2013 \u2013 525.6 Financing liabilities 50.2 134.6 155.3 340.1 Financial liabilities 826.7 136.9 155.3 1,118.9 Financial liabilities at 31 March 2022 Within  one year  \u00a3m Between one  and five years  \u00a3m After  five years  \u00a3m Total  \u00a3m Trade payables 134.8 \u2013 \u2013 134.8 Other payables 54.4 2.8 \u2013 57.2 Accruals 534.3 \u2013 \u2013 534.3 Financing liabilities 189.6 111.6 24.4 325.6 Financial liabilities 913.1 114.4 24.4 1,051.9 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "Credit risk The Group\u2019s credit risk is monitored on an ongoing basis and formally reported quarterly. The value of business placed with financial institutions is reviewed on a daily basis. The Group\u2019s credit risk on liquid funds and derivative financial instruments is limited because the external counterparties are banks with high credit ratings assigned by international credit rating agencies and are managed through regular review. The maximum exposure to credit risk on cash and cash equivalents at the balance sheet date is \u00a3248.3m (2022: \u00a3345.2m). At 31 March 2022, the maximum exposure to credit risk in relation to derivatives at the balance sheet date was \u00a319.6m, being predominantly the fair value of interest rate swaps. The Group\u2019s credit risk is primarily attributable to its receivable balances from customers. Before accepting a new customer, the Group uses external credit scoring systems to assess the potential customer\u2019s credit quality and define an appropriate credit limit which is reviewed regularly. The maximum exposure to credit risk in relation to trade receivables and accrued income at the balance sheet date is the fair value of trade receivables and accrued income. The Group\u2019s customer base is large and unrelated and, accordingly, the Group does not have a significant concentration of credit risk with any one counterparty or group of counterparties. The amounts presented in the consolidated balance sheet in relation to the Group\u2019s trade receivables, accrued income and other receivables balances are presented net of loss allowances. The Group performs an impairment analysis at each reporting period and measures loss allowances on receivable balances from customers at an amount equal to lifetime expected credit losses (ECLs) using both quantitative and qualitative information and analysis based on the Group\u2019s historical experience, and forward-looking information. Other receivables are also subject to the impairment requirements of IFRS 9, the loss allowance is measured using those losses expected to arise in  the 12 months subsequent to the balance sheet date. At 31 March 2023 a loss allowance of \u00a36.2m (2022: \u00a34.1m) was recognised in respect of other receivables. The following tables provide information about the Group\u2019s exposure to credit risk and ECLs against customer balances: Trade receivables 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Current (not overdue)  420.5 (2.4) 418.1 363.4 (1.3) 362.1 1-30 days overdue 25.4 (0.2) 25.2 16.4 (0.1) 16.3 31-60 days overdue 5.4 (0.1) 5.3 5.4 (0.1) 5.3 61-90 days overdue 2.0 (0.1) 1.9 1.6  (0.1) 1.5 More than 90 days overdue 10.8 (10.5) 0.3 11.4 (10.3) 1.1 Total 464.1 (13.3) 450.8 398.2 (11.9) 386.3 Accrued income 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m 1-30 days overdue 225.4 (3.1) 222.3 202.6 (2.8) 199.8 31-60 days overdue 22.5 (0.2) 22.3 16.6 (0.1) 16.5 61-90 days overdue 11.4 (0.2) 11.2 9.4 (0.4) 9.0 More than 90 days overdue 31.2 (8.1) 23.1 21.2 (6.8) 14.4 Total 290.5 (11.6) 278.9 249.8 (10.1) 239.7 The following table provides the movement in the allowance for impairment in respect of trade receivables and accrued income: 2023  2022 Trade receivables \u00a3m Accrued income \u00a3m Trade receivables \u00a3m Accrued income \u00a3m At 1 April 11.9 10.1 10.5 10.8 Impairment losses recognised 1.3 1.5 1.5 0.6 Reversal of impairment  \u2013 \u2013 \u2013 (1.3) Disposal of businesses \u2013  \u2013  (0.1)  \u2013 Acquisition of businesses 0.1 \u2013 \u2013 \u2013 At 31 March   13.3 11.6  11.9 10.1 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-678": {
   "value": "The amounts presented in the consolidated balance sheet in relation to the Group\u2019s trade receivables, accrued income and other receivables balances are presented net of loss allowances. The Group performs an impairment analysis at each reporting period and measures loss allowances on receivable balances from customers at an amount equal to lifetime expected credit losses (ECLs) using both quantitative and qualitative information and analysis based on the Group\u2019s historical experience, and forward-looking information. Other receivables are also subject to the impairment requirements of IFRS 9, the loss allowance is measured using those losses expected to arise in  the 12 months subsequent to the balance sheet date. At 31 March 2023 a loss allowance of \u00a36.2m (2022: \u00a34.1m) was recognised in respect of other receivables. The following tables provide information about the Group\u2019s exposure to credit risk and ECLs against customer balances: Trade receivables 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Current (not overdue)  420.5 (2.4) 418.1 363.4 (1.3) 362.1 1-30 days overdue 25.4 (0.2) 25.2 16.4 (0.1) 16.3 31-60 days overdue 5.4 (0.1) 5.3 5.4 (0.1) 5.3 61-90 days overdue 2.0 (0.1) 1.9 1.6  (0.1) 1.5 More than 90 days overdue 10.8 (10.5) 0.3 11.4 (10.3) 1.1 Total 464.1 (13.3) 450.8 398.2 (11.9) 386.3 Accrued income 2023 2022 Gross carrying amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m Gross carrying  amount  \u00a3m Loss  allowance  \u00a3m Net carrying  amount  \u00a3m 1-30 days overdue 225.4 (3.1) 222.3 202.6 (2.8) 199.8 31-60 days overdue 22.5 (0.2) 22.3 16.6 (0.1) 16.5 61-90 days overdue 11.4 (0.2) 11.2 9.4 (0.4) 9.0 More than 90 days overdue 31.2 (8.1) 23.1 21.2 (6.8) 14.4 Total 290.5 (11.6) 278.9 249.8 (10.1) 239.7 The following table provides the movement in the allowance for impairment in respect of trade receivables and accrued income: 2023  2022 Trade receivables \u00a3m Accrued income \u00a3m Trade receivables \u00a3m Accrued income \u00a3m At 1 April 11.9 10.1 10.5 10.8 Impairment losses recognised 1.3 1.5 1.5 0.6 Reversal of impairment  \u2013 \u2013 \u2013 (1.3) Disposal of businesses \u2013  \u2013  (0.1)  \u2013 Acquisition of businesses 0.1 \u2013 \u2013 \u2013 At 31 March   13.3 11.6  11.9 10.1 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "Capital management risk The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximising the return to stakeholders through the optimisation of debt and equity. The capital structure of the Group consists of net debt per Note 27 and equity per the consolidated statement of changes in equity. The Group is not subject to externally imposed regulatory capital requirements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "Hedging activities Derivative financial instruments \u2013 cash flow hedges The Group held a number of cross-currency interest rate swaps designated as cash flow hedges on US$153.0m of private placement notes. Biannual fixed interest cash flows denominated in US dollars arising over the periods to December 2022 from the US private placement market are exchanged for fixed interest cash flows denominated in pounds sterling. A fair value gain of \u00a39.6m (2022: \u00a35.1m gain) was recognised in other comprehensive income during the year. All cash flow hedges were assessed as being highly effective as at 31 March 2023 and no amounts (2022: \u00a3nil) relating to hedge ineffectiveness were recognised in profit or loss during the year. On 16 December 2022, the Group repaid the US$153.0m private placement notes and settled the cross-currency interest rate swaps. The movement in the carrying value of derivative financial instruments at the balance sheet date was as follows: Hedging instrument  Hedged item Cross-currency interest rate swaps  \u00a3m Forward foreign exchange contracts  \u00a3m Tot al  \u00a3m US$ private placement notes  \u00a3m At 1 April 2021 14.6  (0.1)  14.5 (110.3) Movements in cash flow hedges 5.0  0.1  5.1 (5.6) At 31 March 2022 19.6  \u2013 19.6 (115.9) Movements in cash flow hedges 9.6 \u2013 9.6 (9.9) Settlement of derivative financial instruments (29.2) \u2013 (29.2) \u2013 Repayment of private placement loan notes \u2013 \u2013 \u2013 125.8 At 31 March 2023 \u2013 \u2013 \u2013 \u2013 Hedge of net investment in foreign operations Included in bank loans at 31 March 2023 was a borrowing of \u20ac9.5m (2022: \u20ac9.5m) which has been designated as a hedge of the net investment in the Republic of Ireland business of Mitie Technical Facilities Management Limited, and is being used to hedge the Group\u2019s exposure to foreign exchange risk  on this investment. Gains or losses on the translation of the borrowing are transferred to other comprehensive income to offset gains or losses on the translation of the net investment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "26. Leases Right-of-use assets Properties   \u00a3m Plant and vehicles \u00a3m Tot al  \u00a3m At 1 April 2021 37.2 56.4 93.6 Additions 15.4 33.8 49.2 Arising on business combinations 0.5 0.2 0.7 Disposal of businesses (1.5) \u2013 (1.5) Impairment (0.2) \u2013 (0.2) Modifications to lease terms and disposals (2.8) 7.3 4.5 Depreciation  (6.3) (26.0) (32.3) At 31 March 2022 42.3 71.7 114.0 Additions 1.0 40.7 41.7 Arising on business combinations 0.6 0.1 0.7 Impairment (0.2) \u2013 (0.2) Modifications to lease terms and disposals 0.5 1.5 2.0 Depreciation  (6.3) (28.1) (34.4) At 31 March 2023 37.9 85.9 123.8 Lease liabilities 2023  \u00a3m 2022  \u00a3m At 1 April 122.5 106.8 Additions 42.0 48.9 Arising on business combinations 0.5 0.7 Disposal of businesses  \u2013 (1.5) Modifications to lease terms and disposals (1.1) 1.5 Interest expense related to lease liabilities 4.2 4.0 Repayment of lease liabilities (including interest) (38.7) (37.9) At 31 March 129.4 122.5 Maturity analysis \u2013 contractual undiscounted cash flows 2023  \u00a3m 2022  \u00a3m Less than one year 36.1 33.8 One to five years 87.0 76.8 More than five years 18.4 24.4 Total undiscounted lease liabilities 141.5 135.0 Lease liabilities in the consolidated balance sheet 129.4 122.5 Current  32.0 30.1 Non-current 97.4 92.4 Amounts recognised in the consolidated income statement 2023  \u00a3m 2022  \u00a3m Depreciation of right-of-use assets (34.4) (32.3) Short-term lease expense (0.1) (1.1) Low-value lease expense \u2013 (0.1) Operating profit impact (34.5) (33.5) Interest on lease liabilities (4.2) (4.0) Profit before tax impact (38.7) (37.5) Amounts recognised in the consolidated statement of cash flows 2023  \u00a3m 2022  \u00a3m Total cash outflow for capitalised leases 1 38.7 37.9 Note: 1.  Includes capital element of lease rental payments of \u00a334.5m (2022: \u00a333.9m) and interest payments of \u00a34.2m (2022: \u00a34.0m)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "27. Analysis of net debt 2023  \u00a3m 2022  \u00a3m Cash and cash equivalents (Note 23) 248.3 345.2 Adjusted for: restricted cash and other adjustments 1 (6.4) (37.5) Bank loans (Note 24) (7.2) (7.1) Private placement notes (Note 24) (149.4) (171.0) Derivative financial instruments hedging private placement notes (Note 25) \u2013  19.6 Net cash before lease obligations 85.3 149.2 Lease liabilities (Note 26) (129.4) (122.5) Net (debt)/cash (44.1) 26.7 Note: 1.   Included within these amounts is restricted cash of \u00a36.4m (2022: \u00a317.5m). At 31 March 2022, \u00a320.0m cash which was held across the Group\u2019s bank accounts in respect of the CID facility was also included, where cash collected from the Group\u2019s customers was held on trust for the CID facility provider. This cash was subsequently remitted to the CID facility provider by 5 April 2022 and was not categorised as restricted cash. Reconciliation of net cash flow to movements in net debt 2023  \u00a3m 2022  \u00a3m Net (decrease)/increase in cash and cash equivalents  (97.9) 149.2 Decrease/(increase) in restricted cash and cash held on trust 1 31.1 (18.8) Net (decrease)/increase in unrestricted cash and cash equivalents (66.8) 130.4 Cash drivers Proceeds from new private placement notes (120.0) \u2013 Private placement notes repaid 150.8 \u2013 Settlement of derivative financial instruments (29.2) \u2013 Repayment of bank loans 4.1 \u2013 Payment of arrangement fees 0.5 1.7 Capital element of lease rentals 34.5 33.9 Non-cash drivers Non-cash movement in bank loans (0.4) (2.0) Non-cash movement in private placement notes and associated hedges (0.3) (0.7) Non-cash movement in lease liabilities (41.4) (49.6) Effect of foreign exchange rate changes 1.0 (0.3) (Increase)/decrease in net debt during the year (67.2) 113.4 Opening net cash/(debt) 26.7 (86.7) Debt acquired as part of business combinations (3.6) \u2013 Closing net (debt)/cash (44.1) 26.7 Note: 1.  Includes decrease in restricted cash of \u00a311.1m (2022: \u00a31.2m) and a decrease of \u00a320.0m (2022: increase of \u00a320.0m) in respect of the cash that was held across the Group\u2019s bank accounts at 31 March 2022 in respect of the customer invoice discounting (CID) facility where cash collected from the Group\u2019s customers was held on trust for the CID facility provider and was subsequently remitted to the CID facility provider by 5 April 2022. ",
   "dimensions": {
    "concept": "mitiegroupplc:DisclosureOfAnalysisOfNetDebt",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "28. Share capital and share premium Ordinary shares Share capital Share premium 2023  Number  million 2022  Number  million 2023  \u00a3m 2022  \u00a3m 2023  \u00a3m 2022  \u00a3m At 1 April 1,432.5 1,427.2 35.7 35.6 130.6 130.6 Issue of shares 1.6 5.3 \u2013 0.1 0.9 \u2013 Share buybacks (68.8) \u2013 (1.7) \u2013 \u2013 \u2013 At 31 March 1,365.3 1,432.5 34.0 35.7 131.5 130.6 Each allotted and fully paid ordinary share of 2.5 pence is a voting share in the capital of the Company, is entitled to participate in the profits of the Company, and on a winding-up is entitled to participate in the assets of the Company. The Company has one class of ordinary shares, which carry no  right to fixed income. Share premium represents the premium arising on the issue of equity shares. During the year, 1.6m shares were issued to satisfy options under the Group\u2019s SAYE employee share scheme, resulting in increases of \u00a30.04m in issued share capital and \u00a30.9m in share premium. The Company purchased and cancelled 68.8m shares at an average price of 73 pence under the share buyback programme which was launched on  9 June 2022 and completed on 23 September 2022. The consideration of \u00a350.2m for these shares, together with associated fees and stamp duty of  \u00a30.5m, utilised \u00a350.7m of the Company\u2019s distributable profits. The cancellation of these shares led to a reduction of \u00a31.7m in issued share capital and  a corresponding increase in the capital redemption reserve (see Other reserves in Note 29). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-654": {
   "value": "28. Share capital and share premium Ordinary shares Share capital Share premium 2023  Number  million 2022  Number  million 2023  \u00a3m 2022  \u00a3m 2023  \u00a3m 2022  \u00a3m At 1 April 1,432.5 1,427.2 35.7 35.6 130.6 130.6 Issue of shares 1.6 5.3 \u2013 0.1 0.9 \u2013 Share buybacks (68.8) \u2013 (1.7) \u2013 \u2013 \u2013 At 31 March 1,365.3 1,432.5 34.0 35.7 131.5 130.6 Each allotted and fully paid ordinary share of 2.5 pence is a voting share in the capital of the Company, is entitled to participate in the profits of the Company, and on a winding-up is entitled to participate in the assets of the Company. The Company has one class of ordinary shares, which carry no  right to fixed income. Share premium represents the premium arising on the issue of equity shares. During the year, 1.6m shares were issued to satisfy options under the Group\u2019s SAYE employee share scheme, resulting in increases of \u00a30.04m in issued share capital and \u00a30.9m in share premium. The Company purchased and cancelled 68.8m shares at an average price of 73 pence under the share buyback programme which was launched on  9 June 2022 and completed on 23 September 2022. The consideration of \u00a350.2m for these shares, together with associated fees and stamp duty of  \u00a30.5m, utilised \u00a350.7m of the Company\u2019s distributable profits. The cancellation of these shares led to a reduction of \u00a31.7m in issued share capital and  a corresponding increase in the capital redemption reserve (see Other reserves in Note 29). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "29. Reserves Merger reserve The merger reserve represents amounts relating to premiums arising on shares issued subject to the provisions of Section 612 of the Companies Act 2006. During the year ended 31 March 2023, the realisation of the merger reserve included \u00a3170.3m related to intercompany loans that have been settled as qualifying consideration in connection with the rights issue during the year ended 31 March 2021, which utilised a cashbox structure. Own shares reserve The Group uses shares held in the Employee Benefit Trust (EBT) to satisfy conditional awards under the Group\u2019s LTIP, CSP, EDP, RSP and DBP share schemes and shares held in the SIP Trust to provide free shares and matching shares under the SIP scheme. During the year the trusts distributed 20.2m (2022: 5.2m) shares at a cost of \u00a311.9m (2022: \u00a35.0m) to satisfy awards under those schemes and 4.4m (2022: nil) shares were transferred by the EBT to the SIP Trust for the free shares provided to employees. During the year the EBT acquired 47.9m shares through market purchases, with a further 2.2m shares committed, for a total consideration of \u00a337.1m and the SIP Trust acquired 0.6m shares through market purchases for a total consideration of \u00a30.4m. The purchase of these shares, together with associated fees and stamp duty amounting to \u00a30.2m, has increased the own shares reserve by \u00a337.7m and thereby reduced the Company\u2019s distributable profits. The Company uses treasury shares to satisfy share options under the Group\u2019s ESOS and SAYE share schemes. During the year, 1.3m treasury shares  were distributed at a cost of \u00a33.0m to satisfy options under the Group\u2019s SAYE share scheme (2022: \u00a30.8m) and nil (2022: 6.2m) treasury shares were transferred to the SIP Trust. The own shares reserve at 31 March 2023 represents the cost of 63.2m (2022: 34.0m) ordinary shares in Mitie Group plc held for the purposes of the share schemes. In the year ended 31 March 2023, the \u00a315.6m (2022: \u00a35.8m) share-based payments movement in the own shares reserve includes: i)  a \u00a310.9m (2022: \u00a32.2m) release to the share-based payment reserve in relation to share award exercises; ii) a \u00a34.0m (2022: \u00a33.6m) transfer to retained profits which represents the difference between the option charge under IFRS 2 Share-based payments and the cost of shares used to satisfy the awards; and iii) \u00a30.7m (2022: \u00a3nil) of cash received from the exercise of SAYE options satisfied by the issue of treasury shares. Other reserves Other reserves include the share-based payments reserve of \u00a333.7m (2022: \u00a327.5m) and the capital redemption reserve of \u00a32.6m (2022: \u00a30.9m).  The increase of \u00a31.7m in the capital redemption reserve relates to the cancellation of the shares bought back by the Company. Refer to Note 28. The share-based payments reserve represents credits in respect of the expense recognised during the vesting period for unexercised awards under the Group\u2019s equity-settled share schemes (see Note 31). In the year ended 31 March 2023, the \u00a36.2m (2022: \u00a313.9m) movement in the share-based payments reserve includes: i)  the \u00a317.3m (2022: \u00a318.6m) share-based payment expense (Refer to Note 31); ii) a \u00a310.9m (2022: \u00a32.2m) release in relation to share award exercises; and iii) a \u00a30.2m (2022: \u00a32.5m) release to retained profits in relation to share awards which lapsed in the year. 29. Reserves continued Hedging and translation reserve The hedging and translation reserve includes balances arising on translation of the Group\u2019s foreign operations and in respect of net investment hedges of which the combined movement was a gain of \u00a31.5m during the year (2022: \u00a30.1m gain). A deferred tax credit of \u00a3nil (2022: \u00a30.1m) has been recognised  on these movements through other comprehensive income. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-655": {
   "value": "Own shares reserve The Group uses shares held in the Employee Benefit Trust (EBT) to satisfy conditional awards under the Group\u2019s LTIP, CSP, EDP, RSP and DBP share schemes and shares held in the SIP Trust to provide free shares and matching shares under the SIP scheme. During the year the trusts distributed 20.2m (2022: 5.2m) shares at a cost of \u00a311.9m (2022: \u00a35.0m) to satisfy awards under those schemes and 4.4m (2022: nil) shares were transferred by the EBT to the SIP Trust for the free shares provided to employees. During the year the EBT acquired 47.9m shares through market purchases, with a further 2.2m shares committed, for a total consideration of \u00a337.1m and the SIP Trust acquired 0.6m shares through market purchases for a total consideration of \u00a30.4m. The purchase of these shares, together with associated fees and stamp duty amounting to \u00a30.2m, has increased the own shares reserve by \u00a337.7m and thereby reduced the Company\u2019s distributable profits. The Company uses treasury shares to satisfy share options under the Group\u2019s ESOS and SAYE share schemes. During the year, 1.3m treasury shares  were distributed at a cost of \u00a33.0m to satisfy options under the Group\u2019s SAYE share scheme (2022: \u00a30.8m) and nil (2022: 6.2m) treasury shares were transferred to the SIP Trust. The own shares reserve at 31 March 2023 represents the cost of 63.2m (2022: 34.0m) ordinary shares in Mitie Group plc held for the purposes of the share schemes. In the year ended 31 March 2023, the \u00a315.6m (2022: \u00a35.8m) share-based payments movement in the own shares reserve includes: i)  a \u00a310.9m (2022: \u00a32.2m) release to the share-based payment reserve in relation to share award exercises; ii) a \u00a34.0m (2022: \u00a33.6m) transfer to retained profits which represents the difference between the option charge under IFRS 2 Share-based payments and the cost of shares used to satisfy the awards; and iii) \u00a30.7m (2022: \u00a3nil) of cash received from the exercise of SAYE options satisfied by the issue of treasury shares. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-656": {
   "value": "Hedging and translation reserve The hedging and translation reserve includes balances arising on translation of the Group\u2019s foreign operations and in respect of net investment hedges of which the combined movement was a gain of \u00a31.5m during the year (2022: \u00a30.1m gain). A deferred tax credit of \u00a3nil (2022: \u00a30.1m) has been recognised  on these movements through other comprehensive income. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "30. Acquisitions Current year acquisitions P2ML On 1 April 2022, the Group completed the acquisition of the entire issued share capital of P2ML Ltd (P2ML), a specialist telecoms tower design house, for total cash consideration of \u00a32.8m. P2ML has market leading expertise in providing design, construction, inspection and maintenance services for cellular telecoms infrastructure, enabling major network operators and tower owners to facilitate upgrades to their estates. P2ML contributed \u00a33.7m of revenue and \u00a30.5m of operating profit before other items to the Group\u2019s results during the year ended 31 March 2023. Goodwill on the acquisition of P2ML represents the premium associated with acquiring the operations which are considered to expand Mitie\u2019s Telecoms acquisition, design and construction (ADC) capabilities. The Group\u2019s final assessment of the fair values of the assets and liabilities recognised as a result of the acquisition has been based on the total fair value of the consideration. The purchase price allocation is as follows: Book value  \u00a3m Fair value adjustments  \u00a3m Fair value  \u00a3m Customer contracts and relationships \u2013 1.0 1.0 Property, plant and equipment 0.1 \u2013 0.1 Right-of-use assets \u2013 0.1 0.1 Trade and other receivables 0.6 0.2 0.8 Cash and cash equivalents 0.8 \u2013 0.8 Trade and other payables (0.5) \u2013 (0.5) Lease liabilities  \u2013  (0.1) (0.1) Deferred tax liabilities  \u2013 (0.2) (0.2) Net identifiable assets acquired 1.0 1.0 2.0 Goodwill 0.8 Total cash consideration 2.8 The estimated fair value of trade and other receivables was \u00a30.8m, which approximated the gross contractual amount. 8point8 On 3 May 2022, the Group completed the acquisition of the entire issued share capital of 8point8 Support Limited, 8point8 Training Limited and Vantage Solutions Limited (collectively 8point8) for total cash consideration of \u00a38.0m. 8point8 is a leading provider of design and construction services in the United Kingdom, predominantly for mobile telecoms tower infrastructure. 8point8 contributed \u00a318.8m of revenue and \u00a31.3m of operating loss before Other items to the Group\u2019s results during the year ended 31 March 2023. Based on estimates made of the full year impact if the acquisition had completed on 1 April 2022, Group revenue for the year would have increased by approximately \u00a31.7m and operating profit before Other items for the year would have decreased by approximately \u00a30.1m, resulting in total Group revenue of \u00a33,946.7m and total Group operating profit before Other items of \u00a3162.0m. Goodwill on the acquisition of 8point8 represents the premium associated with acquiring the operations which are considered to enhance Mitie\u2019s offering as a telecoms support services company. The Group\u2019s final assessment of the fair values of the assets and liabilities recognised as a result of the acquisition has been based on the total fair value of the consideration. The purchase price allocation is as follows: Book value  \u00a3m Fair value adjustments  \u00a3m Provisional  fair value  \u00a3m Customer contracts and relationships \u2013 1.9 1.9 Property, plant and equipment 0.9 \u2013 0.9 Right-of-use assets \u2013 0.5 0.5 Current tax asset 0.1 \u2013 0.1 Inventories 1.6 (0.9) 0.7 Trade and other receivables 4.5 1.3 5.8 Overdrafts (0.1) 0.1 \u2013 Trade and other payables (5.8) (0.6) (6.4) Lease liabilities \u2013 (0.3) (0.3) Deferred income (0.1) (2.3) (2.4) Deferred tax liabilities (0.2) \u2013 (0.2) Net identifiable assets acquired 0.9 (0.3) 0.6 Goodwill 7.4 Total cash consideration 8.0 The fair value of acquired trade and other receivables is \u00a35.8m. The gross contractual amount for trade and other receivables due is \u00a35.9m, with a loss allowance of \u00a30.1m recognised on acquisition. Custom Solar On 30 June 2022, the Group completed the acquisition of the entire issued share capital of Custom Solar Ltd (Custom Solar). Custom Solar is a solar power solutions company specialising in the development, design, installation and maintenance of solar power systems for public and private sector clients. Custom Solar\u2019s design and installation expertise, combined with Mitie\u2019s industry leading project management and mobile engineering offering, will support Mitie\u2019s ambition to be a leading provider of end to end green energy solutions. The transaction consideration comprises an initial cash consideration of \u00a37.8m. Amounts totalling \u00a32.6m payable to the former owners of the business have been treated as remuneration for post acquisition employment services because a condition of receiving the payment is the individual\u2019s continued employment within the Mitie Group. Consideration treated as remuneration  for employment services has a maximum threshold of up to \u00a34.4m (undiscounted) by the end of FY25, linked to performance targets. These payments  are accrued over the period that the related employment services are received up until the point at which the consideration becomes payable. As at  31 March 2023, \u00a30.8m was included in other payables relating to these transactions, the expense has been included in administrative expenses and classified as Other items within the consolidated income statement. Custom Solar contributed \u00a317.1m of revenue and \u00a30.9m of operating profit before Other items to the Group\u2019s results during the year ended  31 March 2023. Based on estimates made of the full year impact if the acquisition had completed on 1 April 2022, Group revenue and operating profit before Other  items for the year would have increased by approximately \u00a35.7m and \u00a30.3m respectively, resulting in total Group revenue of \u00a33,950.7m and total Group operating profit before Other items of \u00a3162.4m. Goodwill on the acquisition of Custom Solar represents the premium associated with taking over the operations, which are considered to enhance the Group\u2019s ability to better deliver across the energy sector. The Group\u2019s provisional assessment of the fair values of the assets and liabilities recognised as a result of the acquisition has been based on the total fair value of the consideration. Management continues to seek further information to complete accounting on the business combination within the 12-month measurement period. The provisional purchase price allocation is as follows: Book value  \u00a3m Fair value adjustments  \u00a3m Provisional  fair value  \u00a3m Customer contracts and relationships \u2013 5.8 5.8 Property, plant and equipment 0.2 \u2013 0.2 Right-of-use assets \u2013 0.1 0.1 Trade and other receivables 7.1 \u2013 7.1 Cash and cash equivalents 1.2 \u2013 1.2 Trade and other payables (3.4) \u2013 (3.4) Lease liabilities \u2013 (0.1) (0.1) Bank loans (3.6) \u2013 (3.6) Current tax liability (0.3) \u2013 (0.3) Deferred tax liabilities \u2013 (1.5) (1.5) Net identifiable assets acquired 1.2 4.3 5.5 Goodwill 2.3 Total cash consideration 7.8 The estimated fair value of trade and other receivables was \u00a37.1m, which approximated the gross contractual amount. Cash flows on acquisitions 2023  \u00a3m 2022  \u00a3m Cash consideration 18.6 29.7 Less: cash balance acquired (2.0) (4.8) Net outflow of cash \u2013 investing activities 16.6 24.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "31. Share-based payments The Group has seven equity-settled share schemes. The Group also has awarded performance-related bonuses for Executive Directors which are deferred in conditional shares under the Mitie Group plc 2010 Deferred Bonus Plan (DBP) and are accounted for as a share-based payment charge. The Mitie Group plc Long Term Incentive Plan (LTIP) The conditional awards of shares or rights to acquire shares (the awards) are offered to a small number of key senior management personnel. Where offered as options, the exercise price is \u00a3nil. The vesting period is generally three years, although some awards are subject to a holding period of up to a further two years. If the awards remain unexercised after a period of twelve months from the date of vesting, the awards expire. The awards may be forfeited if the employee leaves the Group. Before the awards can be exercised, performance conditions must be satisfied which are based on movements in a range of non-market measures over a three-year period. Retention Share Plan (RSP) The RSP was introduced in the year ended 31 March 2022. The conditional awards of shares or rights to acquire shares (the awards) are offered to a  small number of key senior management personnel. Where offered as options, the exercise price is \u00a3nil. The vesting period is three years. If the awards remain unexercised after a period of ten years from the date of grant, the awards expire. The awards may be forfeited if the employee leaves the Group. There are no performance conditions attached to these awards. The Enhanced Delivery Plan (EDP) The EDP was introduced in the year ended 31 March 2021. The conditional awards of shares or the rights to acquire shares (the awards) are offered to  a small number of key senior management personnel. Where offered as options, the exercise price is \u00a3nil. The vesting period is three years, and they are subject to a holding period of two additional years. If the awards remain unexercised after a period of twelve months from the date of vesting (but subject to the additional holding period), the awards expire. The awards may be forfeited if the employee leaves the Group. Before the awards can be exercised, performance conditions must be satisfied which are based on movements in non-market measures over a three-year period. The Conditional Share Plan (CSP) The conditional awards of shares or the rights to acquire shares (the awards) are offered to a small number of key senior management personnel.  Where offered as options, the exercise price is \u00a3nil. The vesting period is determined at the discretion of the Remuneration Committee and is generally two or three years. If the awards remain unexercised after a period of ten years from the date of grant, the awards expire. The awards may be forfeited  if the employee leaves the GroupThe Mitie Group plc Executive Share Option Scheme (ESOS) The ESOS exercise price is equal to the average market value of the shares on the business day preceding grant or, in case the Remuneration Committee decides, the average market value of shares over a number of preceding business days (not to exceed 20). The vesting period is three years. If the options remain unexercised after a period of ten years from the date of grant, the options expire. Options may be forfeited if the employee leaves the Group. Before options can be exercised, a performance condition must be satisfied; the performance condition is linked to the percentage growth in earnings  per share over a three-year period. No awards have been made under the ESOS since 29 June 2015. The Mitie Group plc Save As You Earn scheme (SAYE) The SAYE scheme is open to eligible UK-resident employees. The exercise price is not less than 80% of the market value of the shares, determined using either: the share price preceding the date on which invitations to participate in the scheme are issued or an average share price over five days preceding the invitation date. The vesting period is three years. If the options remain unexercised after a period of six months from the date of vesting, the options expire. Options may be forfeited if the employee leaves the Group. An equivalent scheme is open to eligible Ireland-resident employees. The Share Incentive Plan (SIP) The SIP is open to eligible UK-resident employees. Under the scheme, eligible employees are invited to invest in partnership shares which are purchased  in the market on their behalf and held in a separate UK trust. Since October 2021, one conditional matching share has been awarded for every two partnership shares purchased and has a holding period of three years. Matching shares are funded by way of market purchases. The Group also, from  time to time, launches free share schemes under which all employees receive an allocation of shares at nil cost to the employee. The free shares have  a holding period of three years. Details of the awards and share options outstanding are as follows: 2023 2022 2023 2022 Number of conditional  share awards  (million) Number of conditional  share awards  (million) Number of  share options  (million) Weighted  average  exercise price  (p) Number of  share options  (million) Weighted  average  exercise price  (p) Outstanding at 1 April 107.5 65.3 68.0 55 56.7 47 Granted during the year 16.2 53.6 18.4 69 22.4 65 Lapsed during the year (11.4) (6.6) (13.0) 66 (10.4) 50 Exercised during the year (19.4) (4.8) (3.6) 65 (0.7) 60 Outstanding at 31 March 92.9 107.5 69.8 63 68.0 55 Exercisable at the end of the year 7.3 142 4.3 204 The Group recognised the following expenses related to share-based payments: 2023  \u00a3m 2022  \u00a3m Discretionary share plans 13.4 16.6 Non-discretionary share plans 3.9 2.0 17.3 18.6 The share-based payment related expense charged to the consolidated income statement for the year is \u00a317.3m (2022: \u00a318.6m) and represents share- based payment transactions relating to discretionary and non-discretionary share plans. The share-based payments charge for the year is net of income statement credits of \u00a30.7m (2022: \u00a30.3m) for changes in assumptions relating to the likelihood of options vesting. In the year ended 31 March 2023, \u00a32.2m of dividend equivalents have been accrued in relation to outstanding share option awards (2022: \u00a3nil).  Dividend equivalents accrued under the share option schemes are forfeitable and will be paid after the vesting date when the share options are exercised. The weighted average share price at the date of exercise for awards and share options exercised during the year was 73p (2022: 63p). The conditional share awards and share options outstanding at 31 March 2023 had exercise prices (other than nil in the case of the LTIP, CSP, EDP, DBP and the matching shares under the SIP) ranging from 26p to 131p (2022: 26p to 131p) and a weighted average remaining contractual life of 3.1 years (2022: 3.4 years). In the year ended 31 March 2023, options were granted in respect of the SAYE, LTIP, CSP, RSP and EDP schemes and awards of matching shares and 9.1m free shares were made under the SIP. The aggregate of the estimated fair values of those options granted and awards made was \u00a315.7m (2022: \u00a340.5m). The fair value of options is measured by use of the Black-Scholes model. The inputs into the Black-Scholes model are as follows: 2023 2022 Share price (p) 34\u2013151 34\u2013151 Exercise price (p) 0\u2013134 0\u2013134 Expected volatility (%) 25\u201343 25\u201336 Expected life (years) 3 3\u20134 Risk-free rate (%) (0.7)\u20133.3 (0.7)\u20131.4 Expected dividends (%) 0.0\u20132.7 0.0\u20132.7 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls6b ws6f gs8c4\">3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>. Ret<span class=\"_ _3\"></span>irement<span class=\"_ _3\"></span> benefit sch<span class=\"_ _3\"></span>emes<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8c5\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of pens<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s for emp<span class=\"_ _0\"></span>loyees<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8c6\">\u2022 <span class=\"_ _5\"> </span>D<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes for the m<span class=\"_ _0\"></span>ajo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of it<span class=\"_ _0\"></span>s em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es; a<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8c7\">\u2022 <span class=\"_ _5\"> </span>D<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch incl<span class=\"_ _0\"></span>ude a G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8c8\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r qua<span class=\"_ _0\"></span>lify<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude t<span class=\"_ _0\"></span>he Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8c9\">plc Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (Group s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d thr<span class=\"_ _0\"></span>ee sm<span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span>r sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s; MacLe<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>n Gro<span class=\"_ _0\"></span>up 20<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t Sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, THK I<span class=\"_ _0\"></span>nsula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ca\">Be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s Sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd Cypr<span class=\"_ _0\"></span>us Prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt Fun<span class=\"_ _0\"></span>d. Du<span class=\"_ _0\"></span>e to the s<span class=\"_ _0\"></span>ize of the s<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the D<span class=\"_ _0\"></span>irec<span class=\"_ _2\"></span>tors pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>t the r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8cb\">wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n this N<span class=\"_ _0\"></span>ote wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es wi<span class=\"_ _0\"></span>th Ad<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, lar<span class=\"_ _0\"></span>gely s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions of Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>l Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of c<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8cc\">emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s who j<span class=\"_ _0\"></span>oine<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer of Und<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s (Pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of Em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>) Reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns 200<span class=\"_ _0\"></span>6 (<span class=\"_ _0\"></span>TU<span class=\"_ _0\"></span>PE<span class=\"_ _0\"></span>) or thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8cd\">of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y comp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. In ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me Pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t B (Lan<span class=\"_ _0\"></span>dma<span class=\"_ _0\"></span>rc<span class=\"_ _3\"></span>) is h<span class=\"_ _0\"></span>eld w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lsc ws32 gs8ce\">Defined contribution schemes<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8cf\">A defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me is a p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up pay<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to a<span class=\"_ _0\"></span>n ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly ad<span class=\"_ _0\"></span>minis<span class=\"_ _2\"></span>tered fund; s<span class=\"_ _0\"></span>uch con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d0\">are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on a fixe<span class=\"_ _0\"></span>d perce<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>age of e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees\u2019 pay. The Gr<span class=\"_ _0\"></span>oup ha<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>o leg<span class=\"_ _0\"></span>al or co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to pay fur<span class=\"_ _2\"></span>ther con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the fun<span class=\"_ _0\"></span>d once </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d1\">the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en pa<span class=\"_ _0\"></span>id. M<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 ben<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns pa<span class=\"_ _0\"></span>id, to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ret<span class=\"_ _0\"></span>urns e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d2\">on th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing from th<span class=\"_ _0\"></span>e per<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of each i<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual\u2019s cho<span class=\"_ _0\"></span>sen inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d the t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe of pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n the m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber ch<span class=\"_ _0\"></span>oos<span class=\"_ _0\"></span>es to t<span class=\"_ _0\"></span>ake a<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d3\">ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>, ac<span class=\"_ _2\"></span>tuaria<span class=\"_ _0\"></span>l ris<span class=\"_ _0\"></span>k (that p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>ill be lowe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) and i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk (tha<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted in d<span class=\"_ _0\"></span>o not p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>form in l<span class=\"_ _0\"></span>ine <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d4\">wi<span class=\"_ _0\"></span>th ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>re bo<span class=\"_ _0\"></span>rne by t<span class=\"_ _0\"></span>he em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d5\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up\u2019s c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ey are d<span class=\"_ _0\"></span>ue.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d6\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates four s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s: a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on pla<span class=\"_ _0\"></span>n, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is close<span class=\"_ _0\"></span>d to new m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s; a se<span class=\"_ _0\"></span>lf-inves<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d7\">pla<span class=\"_ _0\"></span>n, w<span class=\"_ _0\"></span>hich is cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to new me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s; and t<span class=\"_ _0\"></span>wo G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nal p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ion (GPP) pla<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. Employe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to ea<span class=\"_ _0\"></span>ch on a m<span class=\"_ _0\"></span>atch<span class=\"_ _0\"></span>ed ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d8\">req<span class=\"_ _0\"></span>uiri<span class=\"_ _0\"></span>ng em<span class=\"_ _0\"></span>ployee co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to be p<span class=\"_ _0\"></span>aid<span class=\"_ _0\"></span>. Emp<span class=\"_ _0\"></span>loyees h<span class=\"_ _0\"></span>ave the o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n to pay th<span class=\"_ _0\"></span>eir sh<span class=\"_ _0\"></span>are v<span class=\"_ _0\"></span>ia a s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sa<span class=\"_ _0\"></span>crifi<span class=\"_ _0\"></span>ce ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme u<span class=\"_ _0\"></span>sed to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _0\"></span>y </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8d9\">au<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-e<span class=\"_ _0\"></span>nrol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t comp<span class=\"_ _0\"></span>lian<span class=\"_ _0\"></span>ce is a ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, T<span class=\"_ _0\"></span>he Peop<span class=\"_ _0\"></span>le\u2019s Pension<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8da\">Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ma<span class=\"_ _0\"></span>de a tot<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e defin<span class=\"_ _0\"></span>ed con<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes of \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5.<span class=\"_ _0\"></span>3m (2022: \u00a3<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span>8m<span class=\"_ _3\"></span>) an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to t<span class=\"_ _0\"></span>he au<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>-<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8db\">enro<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e of \u00a320.4m (2022: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _15\"></span>1.5m)<span class=\"_ _3\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e inclu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to make co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8dc\">of a simil<span class=\"_ _0\"></span>ar a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ing 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2024. </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls32 ws60 gs8dd\">Defined benefi<span class=\"_ _0\"></span>t schemes<span class=\"_ _332\"> </span></div><div class=\"t m1 hc5 ff8a fs5 fc7 sc0 ls6d ws0 gs8de\">Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p plc P<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8df\">Dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, a sch<span class=\"_ _0\"></span>eme t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r took p<span class=\"_ _0\"></span>lace w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>eby th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of the I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e Par<span class=\"_ _2\"></span>t C (Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>) wer<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e0\">into a s<span class=\"_ _0\"></span>egre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ted s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e now comp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>wo seg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d sec<span class=\"_ _2\"></span>tions: Pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t A (<span class=\"_ _3\"></span>th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>) and P<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>t B <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e1\">(the In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of the t<span class=\"_ _0\"></span>wo s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re rin<span class=\"_ _0\"></span>g-fenced<span class=\"_ _0\"></span>, as s<span class=\"_ _0\"></span>uch th<span class=\"_ _0\"></span>ere is n<span class=\"_ _0\"></span>o cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g tre<span class=\"_ _0\"></span>atm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e2\">wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he pos<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>hey wer<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e3\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sec<span class=\"_ _2\"></span>tion prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts to m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he form of a gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>eed l<span class=\"_ _0\"></span>evel of pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r life. The l<span class=\"_ _0\"></span>evel of be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e4\">mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs\u2019 len<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>ir fina<span class=\"_ _0\"></span>l pen<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e pay<span class=\"_ _3\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e5\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sec<span class=\"_ _2\"></span>tion clos<span class=\"_ _0\"></span>ed to ne<span class=\"_ _0\"></span>w mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s in 20<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h new em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es ab<span class=\"_ _0\"></span>le to jo<span class=\"_ _0\"></span>in one of t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fined co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e6\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme i<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the U<span class=\"_ _0\"></span>K reg<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re pai<span class=\"_ _0\"></span>d to me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs from t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t-adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red fun<span class=\"_ _0\"></span>d, wh<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e7\">T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee i<span class=\"_ _0\"></span>s resp<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>ble for ens<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g tha<span class=\"_ _0\"></span>t the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e is suffi<span class=\"_ _0\"></span>cien<span class=\"_ _0\"></span>tly fun<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o mee<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t and fu<span class=\"_ _0\"></span>ture b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Pla<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re he<span class=\"_ _0\"></span>ld in tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e8\">are gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>ed by pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n leg<span class=\"_ _0\"></span>isla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. If inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce is wo<span class=\"_ _0\"></span>rse t<span class=\"_ _0\"></span>han e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d or th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me\u2019s liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8e9\">Gro<span class=\"_ _0\"></span>up\u2019s financi<span class=\"_ _0\"></span>al ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me ri<span class=\"_ _0\"></span>se.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ea\">The n<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>re of the r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>hip b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d the T<span class=\"_ _3\"></span>rus<span class=\"_ _2\"></span>tee is also gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>ed by re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ce. T<span class=\"_ _0\"></span>he T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e mus<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>e a funding p<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8eb\">wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he spo<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>ring co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny such t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>ny fundin<span class=\"_ _0\"></span>g shor<span class=\"_ _2\"></span>tfall i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to be m<span class=\"_ _0\"></span>et by ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>tpe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>. In ord<span class=\"_ _0\"></span>er <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ec\">to a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e level of con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d, tr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nnia<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me\u2019s oblig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons me<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g pru<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ed\">(which ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h adv<span class=\"_ _0\"></span>ice from th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rece<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>nial v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>as c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed ou<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ee\">The T<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee\u2019s othe<span class=\"_ _0\"></span>r du<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he inves<span class=\"_ _2\"></span>tment of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of pla<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd exer<span class=\"_ _0\"></span>cising of d<span class=\"_ _0\"></span>iscre<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nar<span class=\"_ _2\"></span>y powers<span class=\"_ _0\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8ef\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up wor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s clos<span class=\"_ _0\"></span>ely w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee to m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f0\">The l<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Gro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme fun<span class=\"_ _0\"></span>ding v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020 indic<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l defi<span class=\"_ _0\"></span>cit of \u00a392<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>m<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d a defi<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f1\">recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pla<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s tot<span class=\"_ _0\"></span>alli<span class=\"_ _0\"></span>ng \u00a392.<span class=\"_ _0\"></span>8m over s<span class=\"_ _0\"></span>even ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h shou<span class=\"_ _0\"></span>ld elim<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>te the d<span class=\"_ _0\"></span>efici<span class=\"_ _0\"></span>t if t<span class=\"_ _0\"></span>he fundi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>ssum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>iali<span class=\"_ _0\"></span>se in pr<span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>tice. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f2\">In th<span class=\"_ _0\"></span>is reg<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, \u00a335.4m ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n pai<span class=\"_ _0\"></span>d to 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>3.9m paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ded 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f3\">The I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e wa<span class=\"_ _0\"></span>s forme<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>ake Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of the I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve G<span class=\"_ _0\"></span>roup Pe<span class=\"_ _0\"></span>nsion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f4\">acqu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fer wa<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d on 28 Feb<span class=\"_ _0\"></span>rua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2020 via a fle<span class=\"_ _0\"></span>xibl<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>tionm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ngem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>roved by<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f5\">The Pen<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s Regu<span class=\"_ _0\"></span>lato<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f6\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s an u<span class=\"_ _0\"></span>ncon<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al rig<span class=\"_ _0\"></span>ht to refun<span class=\"_ _0\"></span>d of sur<span class=\"_ _0\"></span>plus a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sumi<span class=\"_ _0\"></span>ng the g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>dua<span class=\"_ _0\"></span>l set<span class=\"_ _2\"></span>tleme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>ime un<span class=\"_ _0\"></span>til a<span class=\"_ _0\"></span>ll mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs have l<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>t the se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f7\">Accordi<span class=\"_ _0\"></span>ngly, there is n<span class=\"_ _0\"></span>o res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _2\"></span>tion on th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div>Other d<span class=\"_ _3\"></span>efined ben<span class=\"_ _3\"></span>efit schem<span class=\"_ _3\"></span>es<span class=\"_ _332\"> </span>Gro<span class=\"_ _0\"></span>upe<span class=\"_ _0\"></span>d toge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er und<span class=\"_ _0\"></span>er O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of sche<span class=\"_ _0\"></span>mes to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup m<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der A<span class=\"_ _0\"></span>dmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tus to clie<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s\u2019 (ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y loc<span class=\"_ _0\"></span>al gov<span class=\"_ _0\"></span>ern<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _3\"></span>) d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>mes i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n emp<span class=\"_ _0\"></span>loyees w<span class=\"_ _0\"></span>ho t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r TU<span class=\"_ _0\"></span>PE. The v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es are u<span class=\"_ _0\"></span>pda<span class=\"_ _0\"></span>ted by a<span class=\"_ _0\"></span>n ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _2\"></span>y at each b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. For th<span class=\"_ _0\"></span>e Admi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>dy s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gel<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he Loc<span class=\"_ _0\"></span>al G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup w<span class=\"_ _0\"></span>ill on<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ate for a fini<span class=\"_ _0\"></span>te pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d up to the e<span class=\"_ _0\"></span>nd of th<span class=\"_ _0\"></span>e relev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to pay re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>cide<span class=\"_ _0\"></span>d by the r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>iled i<span class=\"_ _0\"></span>n eac<span class=\"_ _0\"></span>h sche<span class=\"_ _0\"></span>me\u2019s Cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>tifica<span class=\"_ _0\"></span>te, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d ever<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of a t<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nnia<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. In a nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of ca<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons pay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le by the e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyer ar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>ppe<span class=\"_ _0\"></span>d and a<span class=\"_ _0\"></span>ny excess i<span class=\"_ _0\"></span>s recover<span class=\"_ _0\"></span>ed from t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ty t<span class=\"_ _0\"></span>hat t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d from. I<span class=\"_ _0\"></span>n add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, in cer<span class=\"_ _2\"></span>tain c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>nd of the<span class=\"_ _0\"></span> cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up will b<span class=\"_ _0\"></span>e req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to pay any d<span class=\"_ _0\"></span>efici<span class=\"_ _0\"></span>t (<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _2\"></span>y<span class=\"_ _15\"></span>) t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r it<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e.<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up mad<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes of \u00a30.7m in the yea<span class=\"_ _0\"></span>r (2022: \u00a30.<span class=\"_ _0\"></span>8m)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to ma<span class=\"_ _0\"></span>ke cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of a si<span class=\"_ _0\"></span>mila<span class=\"_ _0\"></span>r amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> in the y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4.<span class=\"_ _0\"></span> Mult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer schemes<span class=\"_ _332\"> </span>As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aff tra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fers followin<span class=\"_ _0\"></span>g cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t win<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tes in four mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>loyer p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions to t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes for th<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _3\"></span>4 a<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to be \u00a30.1<span class=\"_ _15\"></span>m. Fo<span class=\"_ _0\"></span>r thre<span class=\"_ _0\"></span>e of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s shar<span class=\"_ _0\"></span>e <span class=\"ls4\"> </span>of the a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>s minim<span class=\"_ _0\"></span>al.<span class=\"_ _332\"> </span>The four<span class=\"_ _2\"></span>th sche<span class=\"_ _0\"></span>me is t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng &amp; Me<span class=\"_ _0\"></span>chan<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) I<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e (the Plu<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ng Sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>), a funded m<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i-<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. The P<span class=\"_ _0\"></span>lum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me wa<span class=\"_ _0\"></span>s found<span class=\"_ _0\"></span>ed in 1<span class=\"_ _3\"></span>975 and to d<span class=\"_ _0\"></span>ate ha<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>d over 4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p ha<span class=\"_ _0\"></span>s recei<span class=\"_ _0\"></span>ved a S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 em<span class=\"_ _0\"></span>ployer d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t not<span class=\"_ _0\"></span>ice in res<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>t of the par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. As a r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on, t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>ceive<span class=\"_ _0\"></span>d a Sec<span class=\"_ _2\"></span>tion 75 emp<span class=\"_ _0\"></span>loyer deb<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>tice in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of the p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie FM Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s of \u00a32<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>m wer<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d at 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>arch 2023 for Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n 75 emp<span class=\"_ _0\"></span>loyer d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e par<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d <span class=\"ls4\"> </span>Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted i<span class=\"_ _0\"></span>n the Pl<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>ing Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e. S<span class=\"_ _0\"></span>ee No<span class=\"_ _0\"></span>te 2<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>On<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up com<span class=\"_ _0\"></span>pany, Mitie P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>es to pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>te in t<span class=\"_ _0\"></span>he Plu<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>g Sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tee h<span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>mate of<span class=\"_ _0\"></span> \u00a32<span class=\"_ _0\"></span>.4m f<span class=\"_ _3\"></span>or t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>tial S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 75 de<span class=\"_ _0\"></span>bt in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Mit<span class=\"_ _0\"></span>ie Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Plum<span class=\"_ _0\"></span>bing S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, however n<span class=\"_ _0\"></span>o even<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s occur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to trig<span class=\"_ _2\"></span>ger this d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>te 33, this pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s a con<span class=\"_ _0\"></span>tinge<span class=\"_ _0\"></span>nt lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Accounting<span class=\"_ _3\"></span> assumptions<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d in ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>ting cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _3\"></span>s d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>s det<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>iled b<span class=\"_ _0\"></span>elow, are se<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter cons<span class=\"_ _3\"></span>ult<span class=\"_ _0\"></span>ation with i<span class=\"_ _3\"></span>ndependent, prof<span class=\"_ _15\"></span>essionally<span class=\"_ _3\"></span> qualified actuaries.<span class=\"_ _332\"> </span>The d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate us<span class=\"_ _0\"></span>ed to d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns is se<span class=\"_ _0\"></span>t by referen<span class=\"_ _0\"></span>ce to mar<span class=\"_ _0\"></span>ket y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds on hi<span class=\"_ _0\"></span>gh-<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons for pri<span class=\"_ _0\"></span>ce inflat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>t by reference to t<span class=\"_ _0\"></span>he diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s on lo<span class=\"_ _0\"></span>nger-ter<span class=\"_ _0\"></span>m conven<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>nds a<span class=\"_ _0\"></span>nd ind<span class=\"_ _0\"></span>ex-lin<span class=\"_ _0\"></span>ked bon<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for increa<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es in pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le pay t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>kes into a<span class=\"_ _0\"></span>ccoun<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed sa<span class=\"_ _0\"></span>lar<span class=\"_ _2\"></span>y inflatio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>p at CPI<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>nd how of<span class=\"_ _0\"></span>ten t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ap is li<span class=\"_ _0\"></span>kely to<span class=\"_ _0\"></span> <span class=\"ls4\"> </span>be ex<span class=\"_ _3\"></span>ceeded.<span class=\"_ _332\"> </span>The a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns for life expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n set w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h reference to t<span class=\"_ _0\"></span>he ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t fundi<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns.<span class=\"_ _332\"> </span>Pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s at ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>heet d<span class=\"_ _0\"></span>ate<span class=\"_ _332\"> </span>Group section/s<span class=\"_ _3\"></span>cheme<span class=\"_ _ee\"> </span><span class=\"lsc7 ws173\">Interserve<span class=\"_ _3\"></span> section/<span class=\"_ _15\"></span>scheme<span class=\"_ _5b\"> </span><span class=\"ls112 ws5f\">Other schemes<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> %<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>%<span class=\"_ _332\"> </span>Key as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r IAS 1<span class=\"_ _3\"></span>9 va<span class=\"_ _0\"></span>lua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n:<span class=\"_ _332\"> </span>Discount<span class=\"_ _3\"></span> rate<span class=\"_ _98\"> </span><span class=\"ff89 ls4 ws0\">4.75<span class=\"_ _d2\"> </span><span class=\"ff88\">2.75<span class=\"_ _50\"> </span></span>4.80<span class=\"_ _d2\"> </span><span class=\"ff88\">2.80<span class=\"_ _50\"> </span></span>4.80<span class=\"_ _d2\"> </span><span class=\"ff88\">2.80<span class=\"_ _332\"> </span></span></span>Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of pens<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e pay incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ses<span class=\"_ _15a\"> </span><span class=\"ff89 ls4\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.80<span class=\"_ _50\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.80<span class=\"_ _332\"> </span></span></span>Ret<span class=\"_ _0\"></span>ail p<span class=\"_ _0\"></span>rice infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _2d6\"> </span><span class=\"ff89 ls4\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _d2\"> </span><span class=\"ff88\">3.30<span class=\"_ _50\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.30<span class=\"_ _332\"> </span></span></span>Consumer price inflation<span class=\"_ _15b\"> </span><span class=\"ff89 ls4 ws0\">2.50<span class=\"_ _80\"> </span><span class=\"ff88\">2.85<span class=\"_ _219\"> </span></span>2.90<span class=\"_ _80\"> </span><span class=\"ff88\">2.85<span class=\"_ _219\"> </span></span>2.90<span class=\"_ _d2\"> </span><span class=\"ff88\">2.85<span class=\"_ _332\"> </span></span></span>Future pension increa<span class=\"_ _0\"></span>ses <span class=\"_ _127\"> </span><span class=\"ff89 ls4 ws0\">3.25<span class=\"_ _80\"> </span><span class=\"ff88\">3.60<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.80<span class=\"_ _219\"> </span></span>3.40<span class=\"_ _80\"> </span><span class=\"ff88\">3.80<span class=\"_ _332\"> </span></span></span>Group section/s<span class=\"_ _3\"></span>cheme<span class=\"_ _ee\"> </span><span class=\"lsc7 ws173\">Interserve<span class=\"_ _3\"></span> section/<span class=\"_ _15\"></span>scheme<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>Ye<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _332\"> </span>Pos<span class=\"_ _0\"></span>t reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>fe expec<span class=\"_ _2\"></span>tan<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>t 65 \u2013 ma<span class=\"_ _0\"></span>le<span class=\"_ _104\"> </span><span class=\"ff89 ls4\">87.5<span class=\"_ _80\"> </span><span class=\"ff88\">87.6<span class=\"_ _219\"> </span></span>86.0<span class=\"_ _80\"> </span><span class=\"ff88\">86.2<span class=\"_ _332\"> </span></span></span>Cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>t 65 \u2013 femal<span class=\"_ _0\"></span>e<span class=\"_ _b6\"> </span><span class=\"ff89 ls4\">88.9<span class=\"_ _80\"> </span><span class=\"ff88\">89.0<span class=\"_ _219\"> </span></span>88.6<span class=\"_ _80\"> </span><span class=\"ff88\">88.3<span class=\"_ _332\"> </span></span></span>Fut<span class=\"_ _0\"></span>ure pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s at 6<span class=\"_ _0\"></span>5 \u2013 mal<span class=\"_ _0\"></span>e<span class=\"_ _2d7\"> </span><span class=\"ff89 ls4\">88.5<span class=\"_ _80\"> </span><span class=\"ff88\">88.7<span class=\"_ _219\"> </span></span>87.0<span class=\"_ _d2\"> </span><span class=\"ff88\">87.3<span class=\"_ _332\"> </span></span></span>Fut<span class=\"_ _0\"></span>ure pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s at 6<span class=\"_ _0\"></span>5 \u2013 female<span class=\"_ _bf\"> </span><span class=\"ff89 ls4\">90.1<span class=\"_ _80\"> </span><span class=\"ff88\">90.2<span class=\"_ _50\"> </span></span>89.7<span class=\"_ _d2\"> </span><span class=\"ff88\">89.6<span class=\"_ _332\"> </span></span></span>Life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y for the O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es is th<span class=\"_ _0\"></span>at us<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span>Se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o key as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>The s<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons to ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al ac<span class=\"_ _2\"></span>tuari<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ions is s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n belo<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>.<span class=\"_ _332\"> </span>Impact on defined<span class=\"_ _3\"></span> benefit obligations<span class=\"_ _332\"> </span>Change in assumptio<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Increase/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>decrease<span class=\"_ _15\"></span>) in obliga<span class=\"_ _0\"></span>tions <span class=\"ws0\"> </span>%<span class=\"_ _332\"> </span>Increase/<span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>decrease<span class=\"_ _15\"></span>) in obliga<span class=\"_ _0\"></span>tions <span class=\"ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate<span class=\"_ _2b5\"> </span><span class=\"ls4\">0.1%<span class=\"_ _87\"> </span>(1.4)<span class=\"_ _e6\"> </span>(3.8)<span class=\"_ _332\"> </span></span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ail p<span class=\"_ _0\"></span>rice infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>0.1%<span class=\"_ _84\"> </span>0.9<span class=\"_ _1a5\"> </span>2.5<span class=\"_ _332\"> </span>Incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>ice infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n (<span class=\"_ _3\"></span>exclud<span class=\"_ _0\"></span>ing pay)<span class=\"_ _2d8\"> </span><span class=\"ls4\">0.1%<span class=\"_ _84\"> </span>0.7<span class=\"_ _1a5\"> </span>1.9<span class=\"_ _332\"> </span></span>Increase in lif<span class=\"_ _15\"></span>e expec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ancy<span class=\"_ _2d9\"> </span><span class=\"ls4 ws0\"> 1 year<span class=\"_ _84\"> </span>2.4<span class=\"_ _1a5\"> </span>6.4<span class=\"_ _332\"> </span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (consu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r pr<span class=\"_ _0\"></span>ice infl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion i<span class=\"_ _0\"></span>ncr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sa<span class=\"_ _0\"></span>lar<span class=\"_ _2\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>).<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>me of the a<span class=\"_ _0\"></span>bove ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ions m<span class=\"_ _0\"></span>ay have an i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>. For e<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e hold<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span>a prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in U<span class=\"_ _0\"></span>K cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. A fa<span class=\"_ _0\"></span>ll in the d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>s a res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t of lower U<span class=\"_ _0\"></span>K corp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds wou<span class=\"_ _0\"></span>ld lea<span class=\"_ _0\"></span>d to an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in the<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lue of th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tion to s<span class=\"_ _0\"></span>ome e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, or aver<span class=\"_ _0\"></span>age t<span class=\"_ _0\"></span>erm t<span class=\"_ _0\"></span>o paym<span class=\"_ _0\"></span>ent for th<span class=\"_ _0\"></span>e ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> due<span class=\"_ _0\"></span>, weig<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d by liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty, is arou<span class=\"_ _0\"></span>nd 20 year<span class=\"_ _0\"></span>s for the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ar<span class=\"_ _0\"></span>ound 1<span class=\"_ _3\"></span>9 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s for the In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Amounts recognised in<span class=\"_ _3\"></span> financial statement<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span>Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s: 2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _192\"> </span><span class=\"ff89 ls4 ws0\">(0.2)<span class=\"_ _9b\"> </span>(0.8)<span class=\"_ _16f\"> </span>(1.5)<span class=\"_ _16f\"> </span>(2.5)<span class=\"_ _bb\"> </span><span class=\"ff88\">(0.2)<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _118\"> </span>(2.0)<span class=\"_ _118\"> </span>(3.1)<span class=\"_ _332\"> </span></span></span>Pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>vice cost (including cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailment<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) <span class=\"_ _d1\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _6e\"> </span>(0.5)<span class=\"_ _118\"> </span>(0.5)<span class=\"_ _332\"> </span></span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al administr<span class=\"_ _0\"></span>ation expense<span class=\"_ _2da\"> </span><span class=\"ff89 ws0\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.4)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _118\"> </span>(0.1)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _332\"> </span></span></span>Amounts recogn<span class=\"_ _3\"></span>ised in operating<span class=\"_ _3\"></span> profit<span class=\"_ _d6\"> </span><span class=\"ff89 ls4 ws0\">(1.1)<span class=\"_ _16f\"> </span>(0.8)<span class=\"_ _16f\"> </span>(1.5)<span class=\"_ _9b\"> </span>(3.4)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.6)<span class=\"_ _118\"> </span>(1.2)<span class=\"_ _118\"> </span>(2.6)<span class=\"_ _118\"> </span>(4.4)<span class=\"_ _332\"> </span></span></span>Net inter<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>t inc<span class=\"_ _3\"></span>ome/(<span class=\"_ _6\"></span>cost)<span class=\"_ _2db\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _55\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.1)<span class=\"_ _bb\"> </span><span class=\"ff88\">(0.8)<span class=\"_ _5f\"> </span>0.1<span class=\"_ _6e\"> </span>(0.2)<span class=\"_ _118\"> </span>(0.9)<span class=\"_ _332\"> </span></span></span>Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n profi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(loss<span class=\"_ _3\"></span>) before t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _f4\"> </span><span class=\"ff89 ls4\">(1.1)<span class=\"_ _16f\"> </span>(0.7)<span class=\"_ _9b\"> </span>(1.7)<span class=\"_ _16f\"> </span>(3.5)<span class=\"_ _72\"> </span><span class=\"ff88\">(1.4)<span class=\"_ _118\"> </span>(1.1)<span class=\"_ _118\"> </span>(2.8)<span class=\"_ _118\"> </span>(5.3)<span class=\"_ _332\"> </span></span></span>Amounts recogn<span class=\"_ _3\"></span>ised in the<span class=\"_ _3\"></span> consoli<span class=\"_ _3\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"_ _3\"></span> comprehensiv<span class=\"_ _3\"></span>e income<span class=\"_ _3\"></span> are as f<span class=\"_ _3\"></span>ollows:<span class=\"_ _332\"> </span>2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span>Grou<span class=\"_ _0\"></span>p sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m<span class=\"_ _332\"> </span>Interserve<span class=\"_ _3\"></span> sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> \u00a3m Ot<span class=\"_ _0\"></span>her sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> \u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Grou<span class=\"_ _0\"></span>p scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m O<span class=\"_ _0\"></span>ther schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span>\u00a3m<span class=\"_ _332\"> </span>Ac<span class=\"_ _0\"></span>tuarial gains/(losses<span class=\"_ _15\"></span>) arising due to changes <span class=\"ls4 ws0\"> </span>in financial assumptions<span class=\"_ _122\"> </span><span class=\"ff89 ls4 ws0\">79.5<span class=\"_ _d8\"> </span>11.1<span class=\"_ _d8\"> </span>22.8<span class=\"_ _99\"> </span>113.4<span class=\"_ _23\"> </span><span class=\"ff88\">20.1<span class=\"_ _72\"> </span>0.3<span class=\"_ _5f\"> </span>(0.8)<span class=\"_ _22\"> </span>19.6<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tuarial (losses<span class=\"_ _3\"></span>)/<span class=\"_ _3\"></span>gains arising from <span class=\"ls4 ws0\"> </span>liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ence<span class=\"_ _2dc\"> </span><span class=\"ff89 ls4 ws0\">(12.4)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _36\"> </span>1.1<span class=\"_ _b2\"> </span>(12.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(1.8)<span class=\"_ _118\"> </span>(1.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(3.7)<span class=\"_ _332\"> </span></span></span>Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>)d<span class=\"_ _0\"></span>ue to ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in demographic assumptions<span class=\"_ _2dd\"> </span><span class=\"ff89 ls4 ws0\">1.2<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.7<span class=\"_ _212\"> </span>2.1<span class=\"_ _164\"> </span><span class=\"ff88\">(1.3)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _5f\"> </span>(2.1)<span class=\"_ _332\"> </span></span></span>Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g<span class=\"_ _2de\"> </span><span class=\"ff89 ls4\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(8.7)<span class=\"_ _16f\"> </span>(8.7)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(5.1)<span class=\"_ _118\"> </span>(5.1)<span class=\"_ _332\"> </span></span></span>Retu<span class=\"_ _0\"></span>rn on s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, excl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g <span class=\"ls4\"> </span>interest inc<span class=\"_ _3\"></span>ome<span class=\"_ _28f\"> </span><span class=\"ff89 ls4 ws0\">(74.1)<span class=\"_ _16f\"> </span>(9.8)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(95.0)<span class=\"_ _164\"> </span><span class=\"ff88\">6.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>5.5<span class=\"_ _3b\"> </span>12.7<span class=\"_ _332\"> </span></span></span>Retu<span class=\"_ _0\"></span>rn on r<span class=\"_ _0\"></span>eimb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.2<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>0.7<span class=\"_ _332\"> </span></span>Amounts recogn<span class=\"_ _3\"></span>ised in c<span class=\"_ _3\"></span>onsolidated<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>tatement <span class=\"ls4 ws0\"> </span>of c<span class=\"_ _3\"></span>omprehensive<span class=\"_ _3\"></span> income<span class=\"_ _123\"> </span><span class=\"ff89 ls4 ws0\">(5.8)<span class=\"_ _9b\"> </span>(0.1)<span class=\"_ _3b\"> </span>5.0<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _15e\"> </span><span class=\"ff88\">23.5<span class=\"_ _5f\"> </span>(1.7)<span class=\"_ _6e\"> </span>0.3<span class=\"_ _3b\"> </span>22.1<span class=\"_ _332\"> </span></span></span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e is \u00a30.<span class=\"_ _0\"></span>2m g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to a re<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>imb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es<div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs8f9\">The a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e conso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs8fa\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs8fb\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs8fc\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs8fd\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsc7 wsdd gs8fe\">Interserve<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs8ff\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs900\">\u00a3m</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs901\"> Ot<span class=\"_ _0\"></span>her </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs902\">sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs903\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs904\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs905\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs906\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs907\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs908\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs909\">Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs90a\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs90b\">\u00a3m</div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws10e gs90c\"> O<span class=\"_ _0\"></span>ther </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs90d\">schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs90e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs90f\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs910\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs911\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s <span class=\"_ _2df\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _d8\"> </span>24.2<span class=\"_ _81\"> </span>77.1<span class=\"_ _aa\"> </span>271.6<span class=\"_ _5f\"> </span><span class=\"ff88\">231.0<span class=\"_ _3b\"> </span>32.6<span class=\"_ _3b\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs912\">Pres<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons <span class=\"_ _cf\"> </span><span class=\"ff89 ls4\">(169.6)<span class=\"_ _33\"> </span>(22.5)<span class=\"_ _33\"> </span>(71.0)<span class=\"_ _142\"> </span>(263.1)<span class=\"_ _9b\"> </span><span class=\"ff88\">(238.3)<span class=\"_ _b2\"> </span>(31.0)<span class=\"_ _b2\"> </span>(88.4)<span class=\"_ _d3\"> </span>(357.7)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs913\">Surplus/(<span class=\"_ _15\"></span>deficit<span class=\"_ _3\"></span>) wi<span class=\"_ _0\"></span>thout res<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>tion<span class=\"_ _f7\"> </span><span class=\"ff89 ls4 ws0\">0.7<span class=\"_ _212\"> </span>1.7<span class=\"_ _15e\"> </span>6.1<span class=\"_ _212\"> </span>8.5<span class=\"_ _cf\"> </span><span class=\"ff88\">(7.3)<span class=\"_ _5f\"> </span>1.6<span class=\"_ _6e\"> </span>(1.4)<span class=\"_ _118\"> </span>(7.1)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs914\">Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t ceilin<span class=\"_ _0\"></span>g<span class=\"_ _2de\"> </span><span class=\"ff89 ls4\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _118\"> </span>(8.7)<span class=\"_ _16f\"> </span>(8.7)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(5.1)<span class=\"_ _118\"> </span>(5.1)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs915\">Net pension a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>(liabilit<span class=\"_ _0\"></span>y)<span class=\"_ _123\"> </span><span class=\"ff89 ls4 ws0\">0.7<span class=\"_ _15e\"> </span>1.7<span class=\"_ _118\"> </span>(2.6)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(7.3)<span class=\"_ _5f\"> </span>1.6<span class=\"_ _6e\"> </span>(6.5)<span class=\"_ _b2\"> </span>(12.2)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs916\">All fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s above a<span class=\"_ _0\"></span>re sh<span class=\"_ _0\"></span>own b<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs917\">Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n the pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt va<span class=\"_ _0\"></span>lue of d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s were a<span class=\"_ _0\"></span>s follows<span class=\"_ _0\"></span>:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs918\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs919\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs91a\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs91b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsc7 wsdd gs91c\">Interserve<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs91d\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs91e\">\u00a3m</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs91f\"> Ot<span class=\"_ _0\"></span>her </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs920\">sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs921\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs922\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs923\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs924\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs925\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs926\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs927\">Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs928\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs929\">\u00a3m</div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws10e gs92a\"> O<span class=\"_ _0\"></span>ther </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs92b\">schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs92c\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs92d\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs92e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs92f\">At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _202\"> </span><span class=\"ff89 ls4\">238.3<span class=\"_ _81\"> </span>31.0<span class=\"_ _d8\"> </span>93.5<span class=\"_ _aa\"> </span>362.8<span class=\"_ _5f\"> </span><span class=\"ff88\">256.7<span class=\"_ _3b\"> </span>27.7<span class=\"_ _3b\"> </span>84.9<span class=\"_ _9b\"> </span>369.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls8a ws72 gs930\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _2a\"> </span><span class=\"ff89 ls4 ws0\">0.2<span class=\"_ _212\"> </span>0.8<span class=\"_ _212\"> </span>1.5<span class=\"_ _15e\"> </span>2.5<span class=\"_ _3a\"> </span><span class=\"ff88\">0.2<span class=\"_ _72\"> </span>0.9<span class=\"_ _72\"> </span>2.0<span class=\"_ _72\"> </span>3.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls32 ws60 gs931\">Interest cost <span class=\"_ _2e0\"> </span><span class=\"ff89 ls4 ws0\">6.4<span class=\"_ _212\"> </span>0.9<span class=\"_ _212\"> </span>2.2<span class=\"_ _212\"> </span>9.5<span class=\"_ _3a\"> </span><span class=\"ff88\">5.3<span class=\"_ _72\"> </span>0.6<span class=\"_ _72\"> </span>1.6<span class=\"_ _72\"> </span>7.5<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs932\">Contributions f<span class=\"_ _15\"></span>rom scheme members <span class=\"_ _27e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _212\"> </span>0.2<span class=\"_ _212\"> </span>0.3<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.2<span class=\"_ _72\"> </span>0.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gs933\">Ac<span class=\"_ _0\"></span>tuarial (gains<span class=\"_ _3\"></span>)/losses arising due to changes <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws2a gs934\">in financial assumptions<span class=\"_ _2e1\"> </span><span class=\"ff89 ls4 ws0\">(79.5)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(22.8)<span class=\"_ _142\"> </span>(113.4)<span class=\"_ _3b\"> </span><span class=\"ff88\">(20.1)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _5f\"> </span>0.8<span class=\"_ _22\"> </span>(19.6)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls23 ws5f gs935\">Actuarial losse<span class=\"_ _3\"></span>s/<span class=\"_ _3\"></span>(gains<span class=\"_ _15\"></span>) arising<span class=\"_ _3\"></span> from e<span class=\"_ _3\"></span>xperience<span class=\"_ _23\"> </span><span class=\"ff89 ls4 ws0\">12.4<span class=\"_ _212\"> </span>1.6<span class=\"_ _55\"> </span>(1.1)<span class=\"_ _125\"> </span>12.9<span class=\"_ _6a\"> </span><span class=\"ff88\">1.8<span class=\"_ _72\"> </span>1.9<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs936\">Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l (g<span class=\"_ _0\"></span>ains)<span class=\"_ _3\"></span>/l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es due t<span class=\"_ _0\"></span>o chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> </div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs937\">demographic assumptions<span class=\"_ _d0\"> </span><span class=\"ff89 ls4 ws0\">(1.2)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.7)<span class=\"_ _9b\"> </span>(2.1)<span class=\"_ _164\"> </span><span class=\"ff88\">1.3<span class=\"_ _72\"> </span>0.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>2.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs938\">Benefi<span class=\"_ _0\"></span>ts paid <span class=\"_ _120\"> </span><span class=\"ff89 ws0\">(7.0)<span class=\"_ _9b\"> </span>(0.6)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _9b\"> </span>(9.2)<span class=\"_ _72\"> </span><span class=\"ff88\">(6.9)<span class=\"_ _118\"> </span>(0.7)<span class=\"_ _118\"> </span>(1.0)<span class=\"_ _118\"> </span>(8.6)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs939\">Set<span class=\"_ _0\"></span>tlement gain<span class=\"_ _211\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.2)<span class=\"_ _16f\"> </span>(0.2)<span class=\"_ _e6\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.1)<span class=\"_ _ae\"> </span>(0.1)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs93a\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h<span class=\"_ _25c\"> </span><span class=\"ff89 ls4\">169.6<span class=\"_ _81\"> </span>22.5<span class=\"_ _d8\"> </span>71.0<span class=\"_ _99\"> </span>263.1<span class=\"_ _5f\"> </span><span class=\"ff88\">238.3<span class=\"_ _3b\"> </span>31.0<span class=\"_ _1d\"> </span>88.4<span class=\"_ _9b\"> </span>357.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs93b\">The d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sec<span class=\"_ _2\"></span>tion/sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>re ana<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sed by p<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>ticipa<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at th<span class=\"_ _0\"></span>e 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2020 funding v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on da<span class=\"_ _0\"></span>te be<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>: </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs93c\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs93d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls7f ws106 gs93e\">2022<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs93f\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls20 ws1f gs940\">Ac<span class=\"_ _0\"></span>tive<span class=\"_ _2e2\"> </span><span class=\"ff89 ls4 ws0\">3.1<span class=\"_ _84\"> </span><span class=\"ff88\">2.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls126 ws149 gs941\">D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _2e3\"> </span><span class=\"ff89 ls4 ws0\">86.8<span class=\"_ _3a\"> </span><span class=\"ff88\">130.1<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c wscb gs942\">Pensioners<span class=\"_ _2e4\"> </span><span class=\"ff89 ls4 ws0\">79.7<span class=\"_ _3a\"> </span><span class=\"ff88\">106.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs943\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _2e5\"> </span><span class=\"ff89 ls4\">169.6<span class=\"_ _3a\"> </span><span class=\"ff88\">238.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs944\">Move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n the fair v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue of sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e as follow<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs945\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs946\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs947\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs948\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsc7 wsdd gs949\">Interserve<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs94a\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs94b\">\u00a3m</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs94c\"> Ot<span class=\"_ _0\"></span>her </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs94d\">sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs94e\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs94f\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs950\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs951\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs952\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs953\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs954\">Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs955\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs956\">\u00a3m</div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws10e gs957\"> O<span class=\"_ _0\"></span>ther </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs958\">schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs959\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs95a\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs95b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs95c\">At 1 Apr<span class=\"_ _0\"></span>il<span class=\"_ _202\"> </span><span class=\"ff89 ls4\">231.0<span class=\"_ _81\"> </span>32.6<span class=\"_ _d8\"> </span>87.0<span class=\"_ _aa\"> </span>350.6<span class=\"_ _5f\"> </span><span class=\"ff88\">215.3<span class=\"_ _3b\"> </span>30.7<span class=\"_ _3b\"> </span>80.8<span class=\"_ _9b\"> </span>326.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs95d\">Interest inc<span class=\"_ _3\"></span>ome <span class=\"_ _2e6\"> </span><span class=\"ff89 ls4 ws0\">6.4<span class=\"_ _212\"> </span>1.0<span class=\"_ _212\"> </span>2.0<span class=\"_ _212\"> </span>9.4<span class=\"_ _3a\"> </span><span class=\"ff88\">4.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>1.4<span class=\"_ _72\"> </span>6.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs95e\">Ac<span class=\"_ _0\"></span>tuarial (losses<span class=\"_ _3\"></span>)/<span class=\"_ _3\"></span>gains on as<span class=\"_ _0\"></span>sets<span class=\"_ _137\"> </span><span class=\"ff89 ls4 ws0\">(74.1)<span class=\"_ _16f\"> </span>(9.8)<span class=\"_ _33\"> </span>(11.1)<span class=\"_ _33\"> </span>(95.0)<span class=\"_ _164\"> </span><span class=\"ff88\">6.5<span class=\"_ _72\"> </span>0.7<span class=\"_ _72\"> </span>5.5<span class=\"_ _3b\"> </span>12.7<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs95f\">Contributions f<span class=\"_ _3\"></span>rom the sponsori<span class=\"_ _3\"></span>ng companies<span class=\"_ _cf\"> </span><span class=\"ff89 ls4 ws0\">14.9<span class=\"_ _212\"> </span>0.9<span class=\"_ _212\"> </span>0.7<span class=\"_ _d8\"> </span>16.5<span class=\"_ _23\"> </span><span class=\"ff88\">12.0<span class=\"_ _72\"> </span>1.4<span class=\"_ _72\"> </span>0.8<span class=\"_ _3b\"> </span>14.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lsc ws32 gs960\">Contributions f<span class=\"_ _15\"></span>rom scheme members <span class=\"_ _27e\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _212\"> </span>0.1<span class=\"_ _212\"> </span>0.1<span class=\"_ _87\"> </span><span class=\"ff88\">\u2013<span class=\"_ _72\"> </span>0.1<span class=\"_ _72\"> </span>0.2<span class=\"_ _72\"> </span>0.3<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls23 ws5f gs961\">Expenses paid<span class=\"_ _2e7\"> </span><span class=\"ff89 ls4 ws0\">(0.9)<span class=\"_ _cf\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _55\"> </span>(0.9)<span class=\"_ _72\"> </span><span class=\"ff88\">(0.4)<span class=\"_ _118\"> </span>(0.3)<span class=\"_ _118\"> </span>(0.1)<span class=\"_ _118\"> </span>(0.8)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs962\">Benefi<span class=\"_ _0\"></span>ts paid <span class=\"_ _120\"> </span><span class=\"ff89 ws0\">(7.0)<span class=\"_ _9b\"> </span>(0.5)<span class=\"_ _16f\"> </span>(1.6)<span class=\"_ _9b\"> </span>(9.1)<span class=\"_ _72\"> </span><span class=\"ff88\">(6.9)<span class=\"_ _118\"> </span>(0.7)<span class=\"_ _118\"> </span>(1.0)<span class=\"_ _118\"> </span>(8.6)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls1c ws71 gs963\">Pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>vice cost (including cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailment<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>)<span class=\"_ _13\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _59\"> </span><span class=\"ff88\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _5f\"> </span>(0.6)<span class=\"_ _ae\"> </span>(0.6)<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs964\">At 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h <span class=\"_ _203\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _81\"> </span>24.2<span class=\"_ _d8\"> </span>77.1<span class=\"_ _aa\"> </span>271.6<span class=\"_ _6e\"> </span><span class=\"ff88\">231.0<span class=\"_ _1d\"> </span>32.6<span class=\"_ _1d\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs966\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>es of the a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld by th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes we<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>s follows:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws134 gs967\">2023<span class=\"_ _10c\"> </span><span class=\"ff88 ls7f ws106\">2022<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs968\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs969\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs96a\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsc7 wsdd gs96b\">Interserve<span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs96c\">sec<span class=\"_ _0\"></span>tion <span class=\"_ _15\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs96d\">\u00a3m</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs96e\"> Ot<span class=\"_ _0\"></span>her </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs96f\">sche<span class=\"_ _0\"></span>mes <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs970\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls108 ws129 gs971\">To<span class=\"_ _0\"></span>t<span class=\"_ _2\"> </span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsf4 ws165 gs972\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs973\">Grou<span class=\"_ _0\"></span>p </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs974\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs975\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws0 gs976\">Inter<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs977\">scheme <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs978\">\u00a3m</div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls4 ws10e gs979\"> O<span class=\"_ _0\"></span>ther </div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls112 ws134 gs97a\">schemes <span class=\"_ _3\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs97b\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls18b ws1b7 gs97c\">To<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span> <span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h11 ff88 fsb fc7 sc0 ls124 ws10e gs97d\">\u00a3m<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls16 ws14 gs97e\">Equi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _26d\"> </span><span class=\"ff89 ls4 ws0\">28.3<span class=\"_ _141\"> </span>3.6<span class=\"_ _d8\"> </span>48.1<span class=\"_ _d8\"> </span>80.0<span class=\"_ _23\"> </span><span class=\"ff88\">64.3<span class=\"_ _3b\"> </span>15.1<span class=\"_ _1d\"> </span>49.6<span class=\"_ _9b\"> </span>129.0<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs97f\">Government bonds <span class=\"_ _2a5\"> </span><span class=\"ff89 ls4 ws0\">67.9<span class=\"_ _d8\"> </span>10.5<span class=\"_ _141\"> </span>1.7<span class=\"_ _d8\"> </span>80.1<span class=\"_ _23\"> </span><span class=\"ff88\">82.2<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>1.0<span class=\"_ _3b\"> </span>83.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs980\">Corporate bonds <span class=\"_ _1ce\"> </span><span class=\"ff89 ls4 ws0\">50.5<span class=\"_ _212\"> </span>2.6<span class=\"_ _212\"> </span>9.8<span class=\"_ _d8\"> </span>62.9<span class=\"_ _23\"> </span><span class=\"ff88\">18.2<span class=\"_ _72\"> </span>3.4<span class=\"_ _1d\"> </span>14.6<span class=\"_ _3b\"> </span>36.2<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws0 gs981\">Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y <span class=\"_ _20d\"> </span><span class=\"ff89\">3.4<span class=\"_ _212\"> </span>1.8<span class=\"_ _d8\"> </span>10.6<span class=\"_ _d8\"> </span>15.8<span class=\"_ _3a\"> </span></span>9.4<span class=\"_ _bb\"> </span>2.5<span class=\"_ _1d\"> </span>13.9<span class=\"_ _3b\"> </span>25.8<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 lse ws15 gs982\">Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _8f\"> </span><span class=\"ff89 ls4 ws0\">\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span><span class=\"ff88\">3.8<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _3a\"> </span>\u2013<span class=\"_ _72\"> </span>3.8<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs983\">Di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d grow<span class=\"_ _2\"></span>th fund<span class=\"_ _40\"> </span><span class=\"ff89 ls4\">9.5<span class=\"_ _212\"> </span>5.1<span class=\"_ _212\"> </span>1.5<span class=\"_ _d8\"> </span>16.1<span class=\"_ _23\"> </span><span class=\"ff88\">23.0<span class=\"_ _3b\"> </span>11.1<span class=\"_ _72\"> </span>3.4<span class=\"_ _1d\"> </span>37.5<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws0 gs984\">Cash <span class=\"_ _b1\"> </span><span class=\"ff89\">10.7<span class=\"_ _212\"> </span>0.6<span class=\"_ _212\"> </span>5.4<span class=\"_ _d8\"> </span>16.7<span class=\"_ _23\"> </span></span>30.1<span class=\"_ _72\"> </span>0.5<span class=\"_ _72\"> </span>4.5<span class=\"_ _3b\"> </span>35.1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs985\">T<span class=\"_ _15\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _139\"> </span><span class=\"ff89 ls4\">170.3<span class=\"_ _81\"> </span>24.2<span class=\"_ _d8\"> </span>77.1<span class=\"_ _99\"> </span>271.6<span class=\"_ _5f\"> </span><span class=\"ff88\">231.0<span class=\"_ _3b\"> </span>32.6<span class=\"_ _1d\"> </span>87.0<span class=\"_ _9b\"> </span>350.6<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs986\">The i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolios ar<span class=\"_ _0\"></span>e dive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>fied<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing in a w<span class=\"_ _0\"></span>ide r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, in or<span class=\"_ _0\"></span>der to p<span class=\"_ _0\"></span>rovi<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ance t<span class=\"_ _0\"></span>hat n<span class=\"_ _0\"></span>o sing<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t or t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pe of a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs987\">could h<span class=\"_ _0\"></span>ave a mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>lly a<span class=\"_ _0\"></span>dve<span class=\"_ _0\"></span>rse i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he tot<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolio. T<span class=\"_ _15\"></span>o re<span class=\"_ _0\"></span>duce vol<span class=\"_ _0\"></span>atili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>, ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re hel<span class=\"_ _0\"></span>d in a ma<span class=\"_ _0\"></span>tchin<span class=\"_ _0\"></span>g por<span class=\"_ _2\"></span>tfolio, wh<span class=\"_ _0\"></span>ich la<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>ly cons<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs988\">gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e bon<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, desi<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d to mir<span class=\"_ _0\"></span>ror mov<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs989\">The propert<span class=\"_ _0\"></span>y assets represent quot<span class=\"_ _3\"></span>ed proper<span class=\"_ _0\"></span>ty investments.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs98a\">Ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ris<span class=\"_ _0\"></span>k ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs98b\">The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, in com<span class=\"_ _0\"></span>mon w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of UK p<span class=\"_ _0\"></span>lans<span class=\"_ _0\"></span>, ha<span class=\"_ _0\"></span>s a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are<span class=\"_ _0\"></span>as of r<span class=\"_ _0\"></span>isk a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e way<span class=\"_ _0\"></span>s in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s so<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs98c\">to ma<span class=\"_ _0\"></span>nage t<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e set o<span class=\"_ _0\"></span>ut i<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low.<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs98d\">The r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red from b<span class=\"_ _0\"></span>oth a fun<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve, w<span class=\"_ _0\"></span>hich d<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>es the c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up, an<span class=\"_ _0\"></span>d from an a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tive,<span class=\"_ _0\"></span> <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs98e\">i.e<span class=\"_ _0\"></span>. the ex<span class=\"_ _2\"></span>tent to w<span class=\"_ _0\"></span>hich s<span class=\"_ _0\"></span>uch ri<span class=\"_ _0\"></span>sk<span class=\"_ _0\"></span>s affec<span class=\"_ _2\"></span>t the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s financi<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s:<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls107 ws105 gs98f\">Risk<span class=\"_ _2e8\"> </span><span class=\"lsf3 ws147\">Description<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws2a gs990\">Asse<span class=\"_ _0\"></span>t volatility<span class=\"_ _11b\"> </span><span class=\"ff88 ls6d ws0\">Th<span class=\"_ _0\"></span>e funding l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>lcul<span class=\"_ _0\"></span>ated u<span class=\"_ _0\"></span>sing a d<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ate se<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ef<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rence to g<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs991\">add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l ret<span class=\"_ _0\"></span>urn to b<span class=\"_ _0\"></span>e gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d from the i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tfolio. The d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>r accoun<span class=\"_ _0\"></span>ting i<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>lcula<span class=\"_ _0\"></span>ted us<span class=\"_ _0\"></span>ing </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs992\">a disco<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h reference to co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me hol<span class=\"_ _0\"></span>ds a la<span class=\"_ _0\"></span>rge p<span class=\"_ _0\"></span>ropo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts (27%<span class=\"_ _0\"></span>) in </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs993\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n-s<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts (<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally d<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fied g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h funds (D<span class=\"_ _0\"></span>GF<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) and p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty)<span class=\"_ _3\"></span>. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ns on su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs994\">tend t<span class=\"_ _0\"></span>o be vola<span class=\"_ _0\"></span>tile a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>re not co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to gover<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his m<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the fun<span class=\"_ _0\"></span>ding l<span class=\"_ _0\"></span>evel ha<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al to be vo<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ile </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs995\">in the s<span class=\"_ _0\"></span>hor<span class=\"_ _2\"></span>t term<span class=\"_ _0\"></span>, po<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span>iall<span class=\"_ _0\"></span>y resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing in sh<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>sh r<span class=\"_ _0\"></span>equi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, or al<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>tive s<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty offe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re accep<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs996\">the T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>, and a<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s bala<span class=\"_ _0\"></span>nce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Equi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d DG<span class=\"_ _0\"></span>Fs are<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs997\">consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to offer t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rns ove<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>ong te<span class=\"_ _0\"></span>rm w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h an a<span class=\"_ _0\"></span>ccept<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le leve<span class=\"_ _0\"></span>l of risk a<span class=\"_ _0\"></span>nd h<span class=\"_ _0\"></span>ence th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>olds a s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>nt </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs998\">prop<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>tion of th<span class=\"_ _0\"></span>ese t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pes of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _15\"></span>, th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me\u2019s as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e well-<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed by inves<span class=\"_ _2\"></span>ting in a ra<span class=\"_ _0\"></span>nge of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et cla<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs999\">inclu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty<span class=\"_ _3\"></span>, gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t bon<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d corp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ho<span class=\"_ _0\"></span>lds 8% of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n DG<span class=\"_ _0\"></span>Fs whi<span class=\"_ _0\"></span>ch see<span class=\"_ _0\"></span>k to </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs99a\">mai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain hi<span class=\"_ _0\"></span>gh leve<span class=\"_ _0\"></span>ls of ret<span class=\"_ _0\"></span>urn w<span class=\"_ _0\"></span>hils<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ing l<span class=\"_ _0\"></span>ower vola<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>an dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y funds<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs99b\">is mo<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ored t<span class=\"_ _0\"></span>o ensu<span class=\"_ _0\"></span>re it r<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>ins a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate gi<span class=\"_ _0\"></span>ven t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme\u2019s long<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>n bon<span class=\"_ _0\"></span>ds is di<span class=\"_ _0\"></span>scus<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls12b ws154 gs99c\">fu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs99d\">Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds<span class=\"_ _107\"> </span><span class=\"ff88\">Falli<span class=\"_ _0\"></span>ng bon<span class=\"_ _0\"></span>d yi<span class=\"_ _0\"></span>elds te<span class=\"_ _0\"></span>nd to in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e the fund<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>nd accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. H<span class=\"_ _0\"></span>owever<span class=\"_ _15\"></span>, t<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te and<span class=\"_ _0\"></span> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs99e\">gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s offer<span class=\"_ _0\"></span>s a deg<span class=\"_ _0\"></span>ree of ma<span class=\"_ _0\"></span>tchi<span class=\"_ _0\"></span>ng, i<span class=\"_ _0\"></span>.e. th<span class=\"_ _0\"></span>e move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ari<span class=\"_ _0\"></span>sing from ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>ield<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ally m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>hes </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs99f\">the m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he fund<span class=\"_ _0\"></span>ing or a<span class=\"_ _0\"></span>ccount<span class=\"_ _0\"></span>ing ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. In thi<span class=\"_ _0\"></span>s way<span class=\"_ _3\"></span>, t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in bo<span class=\"_ _0\"></span>nd yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>s is red<span class=\"_ _0\"></span>uced<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws2a gs9a0\">Inflatio<span class=\"_ _0\"></span>n risk<span class=\"_ _80\"> </span><span class=\"ff88 ls6d ws0\">The ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _3\"></span>s b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>re linke<span class=\"_ _0\"></span>d to infla<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Hig<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>ill lea<span class=\"_ _0\"></span>d to high<span class=\"_ _0\"></span>er lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a1\">(<span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e level of infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are in p<span class=\"_ _0\"></span>lace to p<span class=\"_ _0\"></span>rotec<span class=\"_ _2\"></span>t the pla<span class=\"_ _0\"></span>n ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>eme i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of <span class=\"ls4\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a2\">the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p sche<span class=\"_ _0\"></span>me\u2019s as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r unaffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted by i<span class=\"_ _0\"></span>nflat<span class=\"_ _0\"></span>ion (fixed inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>) or lo<span class=\"_ _0\"></span>osel<span class=\"_ _0\"></span>y corr<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ted w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h infla<span class=\"_ _0\"></span>tion (equi<span class=\"_ _0\"></span>ties)<span class=\"_ _3\"></span>, </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a3\">mea<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g tha<span class=\"_ _0\"></span>t an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n infla<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ill als<span class=\"_ _0\"></span>o incr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>e defi<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls127 ws1b gs9a4\">Life<span class=\"_ _3\"></span> expectancy<span class=\"_ _56\"> </span><span class=\"ff88 ls6d ws0\">Th<span class=\"_ _0\"></span>e maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up sch<span class=\"_ _0\"></span>eme\u2019s oblig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re to pr<span class=\"_ _0\"></span>ovid<span class=\"_ _0\"></span>e a pens<span class=\"_ _0\"></span>ion for the l<span class=\"_ _0\"></span>ife of the mem<span class=\"_ _0\"></span>ber<span class=\"_ _3\"></span>, so inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in life </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a5\">ex<span class=\"_ _0\"></span>pec<span class=\"_ _2\"></span>tanc<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>ill res<span class=\"_ _0\"></span>ult i<span class=\"_ _0\"></span>n an in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>n the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. </div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 ls6d ws0 gs9a6\">Ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of r<span class=\"_ _0\"></span>isk m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _332\"> </span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a7\">Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ecis<span class=\"_ _0\"></span>ions in t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nsib<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ty of t<span class=\"_ _0\"></span>he T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t to en<span class=\"_ _0\"></span>sure t<span class=\"_ _0\"></span>hat p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on pl<span class=\"_ _0\"></span>an </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a8\">ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ged effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vely. The G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>nd T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e have a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>d a lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>y for red<span class=\"_ _0\"></span>ucing i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te. </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9a9\">Cer<span class=\"_ _2\"></span>tai<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n dea<span class=\"_ _0\"></span>th before re<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed.<span class=\"_ _332\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "33. Contingent liabilities Contractual disputes, guarantees and indemnities The Group is, from time to time, party to contractual disputes that arise in the ordinary course of business. Management does not anticipate that the outcome of any of these disputes will have a material adverse effect on the Group\u2019s financial position, other than as already provided for in the financial statements. In appropriate cases, a provision is recognised based on best estimates and management judgement but there can be no guarantee that these provisions (which may be subject to potentially material revision from time to time) will result in an accurate prediction, due to the uncertainty of the actual costs and liabilities that may be incurred. The Group is currently aware of a possible liability relating to a certain PFI contract. Management is in the process of investigating whether a liability to provide rectification works exists. At this stage of the investigation, no reliable estimate or likely timing of any possible liability, if it exists, can be determined at the reporting date. The Company and its subsidiaries have provided performance and financial guarantees, issued by financial institutions on its behalf, amounting to \u00a333.7m (2022: \u00a329.2m) in the ordinary course of business. These are not expected to result in any material financial loss. Multi-employer pension schemes When the Group (or a subsidiary of the Group) exits multi-employer pension schemes, pension legislation may require the Group to fund the Group\u2019s share of the total amount of net liabilities with a one-off cash payment (a Section 75 debt under the Pensions Act 1995). The Group continues to have an exposure to Section 75 employer debts in respect of the participation of Mitie Property Services (UK) Limited in the Plumbing Scheme, which have been estimated at \u00a32.4m by the Trustee, however no event has occurred to trigger this debt. Employment claims The Group is, from time to time, party to employment disputes, claims, and other potential liabilities which arise in the ordinary course of business. Management does not anticipate that any of the current matters will give rise to settlements, either individually or in aggregate, which will have a material adverse effect on the Group\u2019s financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "34. Related party transactions Transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in  this Note. Mitie Group plc has a related party relationship with the Mitie Foundation, a charitable company. During the year, the Group made donations and gifts  in kind of \u00a30.2m (2022: \u00a30.2m) to the Foundation. During the year ended 31 March 2023, the Group recognised revenue from transactions with joint ventures or associates of \u00a35.8m (2022: \u00a31.6m). The amount due from joint ventures and associates at the year end is \u00a30.4m (2022: \u00a30.4m) and \u00a30.1m (2022: \u00a30.2m) expense has been recognised in the year for bad or doubtful debts in respect of the amounts owed by joint ventures and associates. The Group\u2019s key management personnel include the Executive Directors, Non-Executive Directors and members of the Mitie Group Executive (MGX). Details of the Directors\u2019 remuneration are included in Note 7. The remuneration for the other members of the MGX, including the share-based payments charge, is \u00a39.4m (2022: \u00a39.2m). No material contract or arrangement has been entered into during the year, nor existed at the end of the year, in which a Director had a material interest. 2023  \u00a3m 2022  \u00a3m Short-term employment benefits 3.7 4.0 Post-employment benefits 1.1 0.3 Share-based payments 4.6 4.9 At 31 March  9.4 9.2 All transactions with these related parties were made on terms equivalent to those that prevail in arm\u2019s length transactions. No other transactions during the year ended 31 March 2023 meet the definition of related party transactions. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-657": {
   "value": "The Group\u2019s key management personnel include the Executive Directors, Non-Executive Directors and members of the Mitie Group Executive (MGX). Details of the Directors\u2019 remuneration are included in Note 7. The remuneration for the other members of the MGX, including the share-based payments charge, is \u00a39.4m (2022: \u00a39.2m). No material contract or arrangement has been entered into during the year, nor existed at the end of the year, in which a Director had a material interest. 2023  \u00a3m 2022  \u00a3m Short-term employment benefits 3.7 4.0 Post-employment benefits 1.1 0.3 Share-based payments 4.6 4.9 At 31 March  9.4 9.2 All transactions with these related parties were made on terms equivalent to those that prevail in arm\u2019s length transactions. No other transactions during the year ended 31 March 2023 meet the definition of related party transactions. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "35. Events after the reporting period On 6 April 2023, the Group announced that it had acquired the entire issued share capital of Linx International Group Limited, Arc Training International Limited, Perpetuity Training Limited and Tavcom Limited (collectively Linx International Group), a highly respected risk management consulting business which also provides technical and management training to the security industry. Total transaction consideration is \u00a31.8m and the acquisition was funded from the Group\u2019s existing facilities. The initial accounting for the business combination had not been completed at the time the consolidated financial statements were authorised for issue. Measurement is underway of the fair value of the net assets acquired and any goodwill to be recognised as a result of the acquisition. Linx International Group will be integrated into the Business Services division. On 18 April 2023, the Group announced its intention to undertake a \u00a350m share buyback programme over the next 12 months. On 2 May 2023, the Group announced that it had acquired the entire issued share capital of R H Irving Industrials Limited, a specialist in security services, building on the Group\u2019s position as the UK\u2019s leading intelligence and technology-led security provider. Total transaction consideration is \u00a319.1m and the acquisition was funded from the Group\u2019s existing facilities. The initial accounting for the business combination had not been completed at the time the consolidated financial statements were authorised for issue. Measurement is underway of the fair value of the net assets acquired and any goodwill to  be recognised as a result of the acquisition. R H Irving Industrials Limited will be integrated into the Business Services division. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "<div class=\"t m1 h4 ff87 fs2 fc7 sc0 ls3 ws0 gs9da\">36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff87 fs5 fc7 sc0 lse ws15 gs9db\">Subsidia<span class=\"_ _0\"></span>ries </div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9dc\">The co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nie<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t below a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>ere pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls116 ws36 gs9dd\">Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws0 gs9de\">2023 <span class=\"_ _3\"></span> </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls109 ws0 gs9df\">% vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls121 ws10b gs9e0\">and ownership </div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws5 gs9e1\">interest</div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls4 ws10e gs9e2\"> 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 lsbd ws42 gs9e3\">% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span></div><div class=\"t m1 h12 ff87 fsb fc7 sc0 ls112 ws5f gs9e4\">value owned<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gs9e5\">8Point8 S<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2eb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9e6\">8Point8 T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aining Limite<span class=\"_ _0\"></span>d<span class=\"_ _2ec\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9e7\">Ba<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>an\u2019s Cleani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9e8\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9e9\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9ea\">Be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke Power Sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal Ltd<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9eb\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9ec\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gs9ed\">Bio<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>ture L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9ee\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gs9ef\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>29<span class=\"_ _3\"></span>7364<span class=\"_ _3\"></span>)<span class=\"_ _259\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls25 ws27 gs9f0\">Broa<span class=\"_ _0\"></span>dreach G<span class=\"_ _0\"></span>roup Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9f1\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9f2\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9f3\">Bui<span class=\"_ _0\"></span>lding &amp; P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es Ltd<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9f4\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9f5\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9f6\">Ca<span class=\"_ _0\"></span>re &amp; Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>dy (H<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9f7\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gs9f8\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>88<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _166\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gs9f9\">Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9fa\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9fb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls4 ws5c gs9fc\">Cole Motors Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gs9fd\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gs9fe\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gs9ff\">CT<span class=\"_ _0\"></span>I Power Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa00\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa01\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>8<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0)<span class=\"_ _2ed\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls30 ws26 gsa02\">Cus<span class=\"_ _0\"></span>tom So<span class=\"_ _0\"></span>lar Ltd<span class=\"_ _2ee\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gsa03\">Esote<span class=\"_ _0\"></span>ric Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa04\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa05\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 044<span class=\"_ _0\"></span>4<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _214\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa06\">Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa07\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa08\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa09\">Global A<span class=\"_ _3\"></span>ware International Group<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa0a\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa0b\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa0c\">Global A<span class=\"_ _3\"></span>ware International L<span class=\"_ _3\"></span>td<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa0d\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls4 ws5c gsa0e\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>723<span class=\"_ _3\"></span>)<span class=\"_ _db\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa0f\">Gr<span class=\"_ _0\"></span>een P<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>et De<span class=\"_ _0\"></span>sign Lt<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa10\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa11\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa12\">Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa13\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa14\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa15\">Insi<span class=\"_ _0\"></span>tu Cle<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ing Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa16\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa17\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>623<span class=\"_ _3\"></span>889<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa18\">Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa19\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa1a\">Kin<span class=\"_ _0\"></span>gdom of S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia<span class=\"_ _2ef\"> </span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gsa1b\">Jabe<span class=\"_ _0\"></span>z Holdings Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa1c\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa1d\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>29988<span class=\"_ _15\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gsa1e\">Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Holdings Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa1f\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa20\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls1c ws71 gsa21\">Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa22\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa23\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa24\">L<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter O<span class=\"_ _0\"></span>ffice Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa25\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa26\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa27\">Macl<span class=\"_ _0\"></span>ella<span class=\"_ _0\"></span>n G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa28\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa29\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gsa2a\">MacLella<span class=\"_ _0\"></span>n Inte<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ted Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vices L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa2b\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa2c\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa2d\">MacLel<span class=\"_ _3\"></span>lan International<span class=\"_ _3\"></span> Airpor<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa2e\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa2f\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa30\">Maclell<span class=\"_ _3\"></span>an International Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa31\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa32\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>368<span class=\"_ _3\"></span>8689<span class=\"_ _3\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls30 ws26 gsa33\">MacLella<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa34\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa35\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa36\">Maclell<span class=\"_ _3\"></span>an Management Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa37\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls7c ws29 gsa38\"> (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 03<span class=\"_ _15\"></span>385466)<span class=\"_ _58\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa39\">Mi<span class=\"_ _0\"></span>tie (D<span class=\"_ _0\"></span>efence<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _233\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa3a\">Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa3b\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa3c\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa3d\">Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices-S<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>gh<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa3e\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa3f\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00954<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _87\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lse ws2a gsa40\">Mitie Aviation Securit<span class=\"_ _0\"></span>y Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa41\">4<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa42\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa43\">Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa44\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa45\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa46\">Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>t Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa47\">2</div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls22 ws77 gsa48\"> (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00972<span class=\"_ _15\"></span>45<span class=\"_ _3\"></span>7)<span class=\"_ _16\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa49\">Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd Cus<span class=\"_ _2\"></span>tody Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa4a\">4<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa4b\">United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa4c\">Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ring S<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _204\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa4d\">Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l de Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _26d\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls6d ws0 gsa4e\">Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng &amp; Envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa4f\">Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa50\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa51\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 ls6d ws0 gsa52\">Mi<span class=\"_ _0\"></span>tie Cli<span class=\"_ _0\"></span>ent S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa53\">6<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa54\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div><div class=\"t m1 h8 ff88 fs5 fc7 sc0 lsc ws32 gsa55\">Mitie Compan<span class=\"_ _3\"></span>y Secretarial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span></div><div class=\"t m1 h3b ff88 fs27 fc7 sc0 ls4 ws0 gsa56\">1<span class=\"_ _332\"> </span></div><div class=\"t m1 h16 ff88 fs5 fc7 sc0 ls13 wsb gsa57\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></div>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _260\"> </span><span class=\"ls75 ws138\">G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ny<span class=\"_ _157\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.1<span class=\"_ _6\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>ristol) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _25d\"> </span><span class=\"ls9 ws8\">G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _24\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _10a\"> </span><span class=\"ls9 ws8\">Jer<span class=\"_ _0\"></span>sey<span class=\"_ _1ce\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Eng<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s (Nor<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>rn Reg<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (Wales<span class=\"_ _6\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie En<span class=\"_ _3\"></span>vironmental Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _8b\"> </span><span class=\"ls13 wsb\">U<span class=\"_ _0\"></span>nited Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>Ireland<span class=\"_ _2b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _2f2\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f3\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _2f4\"> </span><span class=\"ls19 ws18\">Fra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _f5\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FS (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _2f5\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Pensio<span class=\"_ _0\"></span>n Sche<span class=\"_ _0\"></span>me T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2f6\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Infras<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>ture Limited<span class=\"_ _332\"> </span>2,5 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>)<span class=\"_ _da\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _ad\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _94\"> </span><span class=\"ls13 ws10\">Sp<span class=\"_ _0\"></span>ain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _240\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _231\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Internatio<span class=\"_ _0\"></span>nal Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie In<span class=\"_ _3\"></span>ves<span class=\"_ _0\"></span>tments Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie La<span class=\"_ _0\"></span>ndscapes Limited<span class=\"_ _ac\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _0\"></span> <span class=\"_ _4c\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Limi<span class=\"_ _0\"></span>ted<span class=\"_ _1c8\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Manage<span class=\"_ _0\"></span>d Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _133\"> </span><span class=\"ls4 ws0\">Netherlands<span class=\"_ _2f7\"> </span><span class=\"ff89\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2f8\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie PFI L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f9\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Projec<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ro<span class=\"_ _0\"></span>ofing L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Schweiz GmbH<span class=\"_ _2fa\"> </span><span class=\"ls19 ws18\">Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _28a\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>ire &amp; Ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>irs<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _194\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Security (Kni<span class=\"_ _3\"></span>ghtsbridge<span class=\"_ _3\"></span>) Limited<span class=\"_ _2fb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Securi<span class=\"_ _0\"></span>ty Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2fc\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Shared Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _2fd\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>304<span class=\"_ _0\"></span>440<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _72\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Suomi Oy<span class=\"_ _2fe\"> </span><span class=\"ls13 ws10\">Finland<span class=\"_ _2f1\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T S 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4,6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>709<span class=\"_ _3\"></span>49<span class=\"_ _3\"></span>57)<span class=\"_ _73\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>echnical Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>98048)<span class=\"_ _12a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Asset<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 088<span class=\"_ _0\"></span>0505<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _41\"> </span><span class=\"ls13 wsb\">Unite<span class=\"_ _0\"></span>d Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>67<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>99<span class=\"_ _3\"></span>)<span class=\"_ _2ff\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms T<span class=\"_ _15\"></span>owe<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 088<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _9\"></span>106<span class=\"_ _15\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms V<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 088<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>098<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>nsp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y Management Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rus<span class=\"_ _0\"></span>tee Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e &amp; Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tiefm (Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs<span class=\"_ _3\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>27<span class=\"_ _15\"></span>829<span class=\"_ _15\"></span>)<span class=\"_ _4a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tiefm Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>282<span class=\"_ _3\"></span>0560<span class=\"_ _15\"></span>)<span class=\"_ _b0\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _1f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Par<span class=\"_ _0\"></span>kers<span class=\"_ _0\"></span>ell Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Pho<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>x Fire S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Procius Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 0473<span class=\"_ _3\"></span>0672<span class=\"_ _15\"></span>)<span class=\"_ _200\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>R &amp; D Hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1d3\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Rock Power Co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Ltd<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>47<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>08<span class=\"_ _3\"></span>)<span class=\"_ _300\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce Eigh<span class=\"_ _0\"></span>t Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2,4 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>047<span class=\"_ _15\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _301\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 Afric<span class=\"_ _0\"></span>a Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 08<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>37<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _34\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _105\"> </span><span class=\"ls25 ws12c\">Nigeria<span class=\"_ _302\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>SSD U<span class=\"_ _0\"></span>K Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _c0\"> </span><span class=\"ls13 ws10\">S<span class=\"_ _0\"></span>pain<span class=\"_ _2f0\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>UK CR<span class=\"_ _0\"></span>BS Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>365<span class=\"_ _15\"></span>69<span class=\"_ _3\"></span>62<span class=\"_ _15\"></span>)<span class=\"_ _303\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Uni<span class=\"_ _0\"></span>que Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Projects Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Broking Li<span class=\"_ _3\"></span>mited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>U<span class=\"_ _0\"></span>tily<span class=\"_ _2\"></span>x Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re Ener<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>900<span class=\"_ _0\"></span>47<span class=\"_ _3\"></span>5)<span class=\"_ _103\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Holding<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ut<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _304\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Utily<span class=\"_ _0\"></span>x Risk<span class=\"_ _3\"></span> Management Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 049<span class=\"_ _3\"></span>993<span class=\"_ _3\"></span>92<span class=\"_ _15\"></span>)<span class=\"_ _12c\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>V<span class=\"_ _3\"></span>ant<span class=\"_ _0\"></span>age Solu<span class=\"_ _0\"></span>tions Limited<span class=\"_ _260\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>389<span class=\"_ _3\"></span>257<span class=\"_ _3\"></span>5)<span class=\"_ _2e8\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>W<span class=\"_ _3\"></span>aveambda Lim<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _3\"></span>86<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>83<span class=\"_ _3\"></span>7)<span class=\"_ _2f7\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>W<span class=\"_ _3\"></span>ealthy Thoughts Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 03839703)<span class=\"_ _305\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3 an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>ll t<span class=\"_ _0\"></span>ake t<span class=\"_ _0\"></span>he exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar (<span class=\"_ _0\"></span>by vi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on 48<span class=\"_ _0\"></span>0 of t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _2\"></span>t 2006).<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ha<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 479A of the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06 for th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3. A<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h, Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed a g<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ll de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>3. <span class=\"_ _5\"> </span>H<span class=\"_ _0\"></span>eld d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _332\"> </span>4. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>s dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ino<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>his su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in a cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing fewe<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an 50<span class=\"_ _0\"></span>% of th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ued s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f the s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>6.  <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d office of all su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _15\"></span>2, T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>d, 32 Londo<span class=\"_ _0\"></span>n Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Stree<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the followi<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span>Company <span class=\"_ _b1\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>PO B<span class=\"_ _0\"></span>ox 26<span class=\"_ _3\"></span>982, Ri<span class=\"_ _0\"></span>yad<span class=\"_ _0\"></span>h, 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>59<span class=\"_ _3\"></span>5, K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om of S<span class=\"_ _0\"></span>audi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l De Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _162\"> </span>Calle S<span class=\"_ _0\"></span>an Mi<span class=\"_ _0\"></span>gue<span class=\"_ _0\"></span>l 25, B<span class=\"_ _0\"></span>ajo 1, Az<span class=\"_ _0\"></span>uqu<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>a de He<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, 1<span class=\"_ _15\"></span>920<span class=\"_ _0\"></span>0, G<span class=\"_ _0\"></span>uad<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>jar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _2ed\"> </span><span class=\"ls6d ws0\">c/o Pinse<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ons G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>many L<span class=\"_ _0\"></span>LP<span class=\"_ _6\"></span>, OT<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>OS<span class=\"_ _0\"></span>TR<span class=\"_ _2\"></span>. 2<span class=\"_ _6\"></span>1, 803<span class=\"_ _3\"></span>33, Munich<span class=\"_ _0\"></span>, Ge<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ny<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _1a5\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o MPR Priv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e Clien<span class=\"_ _0\"></span>ts L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, PO B<span class=\"_ _0\"></span>ox 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>9<span class=\"_ _3\"></span>, Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello Co<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t, Admi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, St Peter Por<span class=\"_ _2\"></span>t,<span class=\"_ _332\"> </span></span><span class=\"ls6d ws0\"> </span>GY<span class=\"_ _3\"></span>1 3HB<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _332\"> </span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _5b\"> </span><span class=\"ls6d ws0\">IFC 5, St He<span class=\"_ _0\"></span>lier<span class=\"_ _15\"></span>, J<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 1<span class=\"_ _3\"></span>ST, Jers<span class=\"_ _0\"></span>ey<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _306\"> </span>1<span class=\"_ _3\"></span>08 Q H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Fur<span class=\"_ _0\"></span>ze Ro<span class=\"_ _0\"></span>ad, S<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ford, D<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>lin 1<span class=\"_ _3\"></span>8, I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _28a\"> </span>Calle J<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>n Igna<span class=\"_ _0\"></span>cio Lu<span class=\"_ _0\"></span>ca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>en<span class=\"_ _0\"></span>a, 8<span class=\"_ _0\"></span>, 28027<span class=\"_ _6\"></span>, M<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>, Spa<span class=\"_ _0\"></span>in<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _8a\"> </span>259 Rue St Hono<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 75001<span class=\"_ _15\"></span>, Pa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>, Fra<span class=\"_ _0\"></span>nce<span class=\"_ _332\"> </span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _216\"> </span>c/o Cala B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, N\u00fam<span class=\"_ _0\"></span>ero 1<span class=\"_ _3\"></span>5, Pol\u00edgon<span class=\"_ _0\"></span>o So<span class=\"_ _0\"></span>n Fus<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, 0700<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>, Pal<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _127\"> </span>c<span class=\"_ _0\"></span>/o Lucia<span class=\"_ _0\"></span>no R<span class=\"_ _0\"></span>amo<span class=\"_ _0\"></span>s Dia<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>, Loc<span class=\"_ _0\"></span>al 2 D<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>o 4 \u2013 S Cris<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>bal L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, 38202, S<span class=\"_ _0\"></span>an Cri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toba<span class=\"_ _0\"></span>l <span class=\"ls4\"> </span>de la L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, T<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _10a\"> </span>C<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a Sa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a Creu d<span class=\"_ _0\"></span>o Ca<span class=\"_ _0\"></span>lafell 8<span class=\"_ _15\"></span>1, Gave, 0<span class=\"_ _0\"></span>8850, B<span class=\"_ _0\"></span>arcel<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _2c\"> </span><span class=\"ls6d ws0\">Jav<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>at 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Rot<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>m, N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _217\"> </span>Mi<span class=\"_ _0\"></span>tec O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Cen<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>t 9B<span class=\"_ _0\"></span>, Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Flo<span class=\"_ _0\"></span>or<span class=\"_ _15\"></span>, S<span class=\"_ _0\"></span>ilve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>woo<span class=\"_ _0\"></span>d Bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>lver<span class=\"_ _2\"></span>wood Rd,<span class=\"_ _332\"> </span> Lur<span class=\"_ _0\"></span>gan<span class=\"_ _0\"></span>, Cr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>avon, N<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span>n Irel<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, BT<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>6 6SY<span class=\"_ _15\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span> Mitie Schweiz GmbH<span class=\"_ _11e\"> </span><span class=\"ls6d ws0\">Br<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dsc<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>kes<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse 9<span class=\"_ _0\"></span>0, CH<span class=\"_ _0\"></span>-8<span class=\"_ _0\"></span>027<span class=\"_ _6\"></span>, Zur<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mitie Suomi Oy<span class=\"_ _292\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o Ov Vis<span class=\"_ _0\"></span>ma S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Infocon A<span class=\"_ _0\"></span>b, Porme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>nrin<span class=\"_ _0\"></span>e 8, 0<span class=\"_ _0\"></span>01<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>0 Hel<span class=\"_ _0\"></span>sink<span class=\"_ _0\"></span>i, F<span class=\"_ _0\"></span>inla<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _21e\"> </span><span class=\"ls6d ws0\">3<span class=\"_ _3\"></span>5 D<span class=\"_ _0\"></span>uche<span class=\"_ _0\"></span>ss Ro<span class=\"_ _0\"></span>ad, Ru<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>, Gl<span class=\"_ _0\"></span>asg<span class=\"_ _0\"></span>ow, Scotlan<span class=\"_ _0\"></span>d, G7<span class=\"_ _0\"></span>3 1<span class=\"_ _15\"></span>AU, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _88\"> </span>235 Ikorod<span class=\"_ _0\"></span>u Road<span class=\"_ _0\"></span>, Ilup<span class=\"_ _0\"></span>eju<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>agos<span class=\"_ _0\"></span>, Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _13f\"> </span><span class=\"ls6d ws0\">C<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>e Jua<span class=\"_ _0\"></span>n Ign<span class=\"_ _0\"></span>acio L<span class=\"_ _0\"></span>uca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>, 8, 28027<span class=\"_ _15\"></span>, Ma<span class=\"_ _0\"></span>drid<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span></span>No su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re in l<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2023<span class=\"_ _332\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Entity<span class=\"_ _307\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> % nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Interserve Rezayat Compan<span class=\"_ _3\"></span>y LL<span class=\"_ _3\"></span>C<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Uni<span class=\"_ _0\"></span>t 6 an<span class=\"_ _0\"></span>d 7<span class=\"_ _15\"></span>, Al A<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ni Cen<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>s Bi<span class=\"_ _0\"></span>n Mal<span class=\"_ _0\"></span>ik Road<span class=\"_ _0\"></span>, Bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g num<span class=\"_ _0\"></span>ber 2727<span class=\"_ _6\"></span>,<span class=\"_ _0\"></span> Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l numb<span class=\"_ _0\"></span>er 8<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>4, R<span class=\"_ _0\"></span>iy<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>h, Pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al Co<span class=\"_ _0\"></span>de 1<span class=\"_ _15\"></span>33, Kingd<span class=\"_ _0\"></span>om of Sa<span class=\"_ _0\"></span>udi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _79\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _58\"> </span>50%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>Level 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>ge Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, SE<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">51%<span class=\"_ _e6\"> </span>51%<span class=\"_ _332\"> </span></span>Pri<span class=\"_ _0\"></span>de (SERP) Ltd<span class=\"_ _77\"> </span>L<span class=\"_ _0\"></span>evel 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, The S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>ridg<span class=\"_ _0\"></span>e Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ki<span class=\"_ _0\"></span>ngdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _e6\"> </span>50%<span class=\"_ _332\"> </span></span>Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP<span class=\"_ _e3\"> </span>Level 1<span class=\"_ _3\"></span>2, T<span class=\"_ _0\"></span>he Sh<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, 32 London B<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>idge St<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>t, Lo<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n, SE<span class=\"_ _3\"></span>1 9SG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d King<span class=\"_ _0\"></span>dom<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">35%<span class=\"_ _58\"> </span>35%<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>his e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s in li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>2.  <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed ow<span class=\"_ _0\"></span>ns 49% of L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Gu<span class=\"_ _0\"></span>lf Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt LLC<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>n ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>gis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d offic<span class=\"_ _0\"></span>e is in t<span class=\"_ _0\"></span>he Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b Emi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations<span class=\"_ _128\"> </span><span class=\"ls107 ws42\">Countr<span class=\"_ _0\"></span>y of incorporation <span class=\"_ _b3\"> </span><span class=\"ls119 wsdd\">Prin<span class=\"_ _0\"></span>cipal activit<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> % interest<span class=\"_ _332\"> </span>OneA<span class=\"_ _0\"></span>im<span class=\"_ _42\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _19d\"> </span><span class=\"ls9 ws8\">Si<span class=\"_ _0\"></span>tewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>s<span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">50%</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  },
  "fact-658": {
   "value": "36. Related un<span class=\"_ _3\"></span>der<span class=\"_ _2\"></span>takings<span class=\"_ _332\"> </span>Subsidia<span class=\"_ _0\"></span>ries The co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nie<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t below a<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>ose su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hich w<span class=\"_ _0\"></span>ere pa<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>t o<span class=\"_ _3\"></span>f t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>8Point8 S<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2eb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>8Point8 T<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>aining Limite<span class=\"_ _0\"></span>d<span class=\"_ _2ec\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ba<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>an\u2019s Cleani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke Power Sol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal Ltd<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bio<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>ture L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>29<span class=\"_ _3\"></span>7364<span class=\"_ _3\"></span>)<span class=\"_ _259\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Broa<span class=\"_ _0\"></span>dreach G<span class=\"_ _0\"></span>roup Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Bui<span class=\"_ _0\"></span>lding &amp; P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>ty T<span class=\"_ _15\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es Ltd<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ca<span class=\"_ _0\"></span>re &amp; Cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>dy (H<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>88<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _166\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Cole Motors Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>CT<span class=\"_ _0\"></span>I Power Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>8<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0)<span class=\"_ _2ed\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Cus<span class=\"_ _0\"></span>tom So<span class=\"_ _0\"></span>lar Ltd<span class=\"_ _2ee\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Esote<span class=\"_ _0\"></span>ric Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 044<span class=\"_ _0\"></span>4<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _214\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International Group<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Global A<span class=\"_ _3\"></span>ware International L<span class=\"_ _3\"></span>td<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>723<span class=\"_ _3\"></span>)<span class=\"_ _db\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Gr<span class=\"_ _0\"></span>een P<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>et De<span class=\"_ _0\"></span>sign Lt<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Insi<span class=\"_ _0\"></span>tu Cle<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ing Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>623<span class=\"_ _3\"></span>889<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>Kin<span class=\"_ _0\"></span>gdom of S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia<span class=\"_ _2ef\"> </span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Jabe<span class=\"_ _0\"></span>z Holdings Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>29988<span class=\"_ _15\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Holdings Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Knight<span class=\"_ _0\"></span>sbridge Gua<span class=\"_ _0\"></span>rding Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ter O<span class=\"_ _0\"></span>ffice Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Com<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Macl<span class=\"_ _0\"></span>ella<span class=\"_ _0\"></span>n G<span class=\"_ _0\"></span>roup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLella<span class=\"_ _0\"></span>n Inte<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ted Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vices L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>MacLel<span class=\"_ _3\"></span>lan International<span class=\"_ _3\"></span> Airpor<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an International Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>368<span class=\"_ _3\"></span>8689<span class=\"_ _3\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>MacLella<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Maclell<span class=\"_ _3\"></span>an Management Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 03<span class=\"_ _15\"></span>385466)<span class=\"_ _58\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie (D<span class=\"_ _0\"></span>efence<span class=\"_ _3\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _233\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie (Fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>ties S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices-S<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>gh<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00954<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>2<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _87\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Aviation Securit<span class=\"_ _0\"></span>y Limited<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uil<span class=\"_ _0\"></span>t Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 00972<span class=\"_ _15\"></span>45<span class=\"_ _3\"></span>7)<span class=\"_ _16\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>nd Cus<span class=\"_ _2\"></span>tody Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie C<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ring S<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>vices Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _204\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l de Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _26d\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng &amp; Envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Cli<span class=\"_ _0\"></span>ent S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Compan<span class=\"_ _3\"></span>y Secretarial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _260\"> </span><span class=\"ls75 ws138\">G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ny<span class=\"_ _157\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.1<span class=\"_ _6\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie D<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t (No.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>ristol) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _25d\"> </span><span class=\"ls9 ws8\">G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _24\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _10a\"> </span><span class=\"ls9 ws8\">Jer<span class=\"_ _0\"></span>sey<span class=\"_ _1ce\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Eng<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s (Nor<span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>rn Reg<span class=\"_ _0\"></span>ion<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (Wales<span class=\"_ _6\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie En<span class=\"_ _3\"></span>vironmental Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> Limited<span class=\"_ _8b\"> </span><span class=\"ls13 wsb\">U<span class=\"_ _0\"></span>nited Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>Ireland<span class=\"_ _2b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _2f2\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FM L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f3\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _2f4\"> </span><span class=\"ls19 ws18\">Fra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _f5\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie FS (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _2f5\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Pensio<span class=\"_ _0\"></span>n Sche<span class=\"_ _0\"></span>me T<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tee Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2f6\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Infras<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>ture Limited<span class=\"_ _332\"> </span>2,5 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>)<span class=\"_ _da\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _ad\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _94\"> </span><span class=\"ls13 ws10\">Sp<span class=\"_ _0\"></span>ain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _240\"> </span><span class=\"ls13 ws10\">Spain<span class=\"_ _2f0\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _231\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Internatio<span class=\"_ _0\"></span>nal Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie In<span class=\"_ _3\"></span>ves<span class=\"_ _0\"></span>tments Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom <span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie La<span class=\"_ _0\"></span>ndscapes Limited<span class=\"_ _ac\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _0\"></span> <span class=\"_ _4c\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Limi<span class=\"_ _0\"></span>ted<span class=\"_ _1c8\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Manage<span class=\"_ _0\"></span>d Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _133\"> </span><span class=\"ls4 ws0\">Netherlands<span class=\"_ _2f7\"> </span><span class=\"ff89\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2f8\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie PFI L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _2f9\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Projec<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Ro<span class=\"_ _0\"></span>ofing L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Schweiz GmbH<span class=\"_ _2fa\"> </span><span class=\"ls19 ws18\">Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _28a\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>ire &amp; Ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>nic<span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty (F<span class=\"_ _0\"></span>irs<span class=\"_ _2\"></span>t<span class=\"_ _15\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _194\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Security (Kni<span class=\"_ _3\"></span>ghtsbridge<span class=\"_ _3\"></span>) Limited<span class=\"_ _2fb\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Holdings Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Securi<span class=\"_ _0\"></span>ty Limi<span class=\"_ _0\"></span>ted<span class=\"_ _2fc\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Securi<span class=\"_ _0\"></span>ty Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie Shared Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _2fd\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices (H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ngs) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>304<span class=\"_ _0\"></span>440<span class=\"_ _3\"></span>1<span class=\"_ _15\"></span>)<span class=\"_ _72\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie Suomi Oy<span class=\"_ _2fe\"> </span><span class=\"ls13 ws10\">Finland<span class=\"_ _2f1\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T S 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4,6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>(<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>709<span class=\"_ _3\"></span>49<span class=\"_ _3\"></span>57)<span class=\"_ _73\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>chn<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l Facili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>echnical Se<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>ices Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>98048)<span class=\"_ _12a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Asset<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>regis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ation numb<span class=\"_ _0\"></span>er 088<span class=\"_ _0\"></span>0505<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _41\"> </span><span class=\"ls13 wsb\">Unite<span class=\"_ _0\"></span>d Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mitie T<span class=\"_ _15\"></span>elecoms Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>67<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>99<span class=\"_ _3\"></span>)<span class=\"_ _2ff\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms T<span class=\"_ _15\"></span>owe<span class=\"_ _0\"></span>rs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 088<span class=\"_ _15\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _9\"></span>106<span class=\"_ _15\"></span>)<span class=\"_ _27e\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>leco<span class=\"_ _0\"></span>ms V<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 088<span class=\"_ _15\"></span>1<span class=\"_ _3\"></span>098<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _d1\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tie T<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>nsp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>y Management Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>3<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mitie T<span class=\"_ _15\"></span>rus<span class=\"_ _0\"></span>tee Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Was<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e &amp; Enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>4<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tiefm (Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs<span class=\"_ _3\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 04<span class=\"_ _15\"></span>1<span class=\"_ _15\"></span>27<span class=\"_ _15\"></span>829<span class=\"_ _15\"></span>)<span class=\"_ _4a\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Mi<span class=\"_ _0\"></span>tiefm Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>282<span class=\"_ _3\"></span>0560<span class=\"_ _15\"></span>)<span class=\"_ _b0\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _1f3\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Par<span class=\"_ _0\"></span>kers<span class=\"_ _0\"></span>ell Limi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Pho<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>x Fire S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Procius Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 0473<span class=\"_ _3\"></span>0672<span class=\"_ _15\"></span>)<span class=\"_ _200\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>R &amp; D Hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Robe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t P<span class=\"_ _0\"></span>ret<span class=\"_ _2\"></span>tie &amp; Co Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1d3\"> </span><span class=\"ls13 wsb\">United Kingdom<span class=\"_ _4b\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Rock Power Co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Ltd<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 082<span class=\"_ _15\"></span>47<span class=\"_ _15\"></span>8<span class=\"_ _0\"></span>08<span class=\"_ _3\"></span>)<span class=\"_ _300\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce Eigh<span class=\"_ _0\"></span>t Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2,4 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 05<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>047<span class=\"_ _15\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _301\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 Afric<span class=\"_ _0\"></span>a Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 08<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>37<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _34\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _105\"> </span><span class=\"ls25 ws12c\">Nigeria<span class=\"_ _302\"> </span></span><span class=\"ff89 ls4\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>SSD U<span class=\"_ _0\"></span>K Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _c0\"> </span><span class=\"ls13 ws10\">S<span class=\"_ _0\"></span>pain<span class=\"_ _2f0\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>UK CR<span class=\"_ _0\"></span>BS Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>365<span class=\"_ _15\"></span>69<span class=\"_ _3\"></span>62<span class=\"_ _15\"></span>)<span class=\"_ _303\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Uni<span class=\"_ _0\"></span>que Cle<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>ng Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Asset Managemen<span class=\"_ _3\"></span>t Projects Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Broking Li<span class=\"_ _3\"></span>mited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>U<span class=\"_ _0\"></span>tily<span class=\"_ _2\"></span>x Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re Ener<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion number 06<span class=\"_ _3\"></span>900<span class=\"_ _0\"></span>47<span class=\"_ _3\"></span>5)<span class=\"_ _103\"> </span><span class=\"ls13 wsb\">United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _4b\"> </span></span><span class=\"ff89 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Utily<span class=\"_ _0\"></span>x Holding<span class=\"_ _0\"></span>s Limited<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>Ut<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _304\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Utily<span class=\"_ _0\"></span>x Risk<span class=\"_ _3\"></span> Management Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 049<span class=\"_ _3\"></span>993<span class=\"_ _3\"></span>92<span class=\"_ _15\"></span>)<span class=\"_ _12c\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _a2\"> </span>100%<span class=\"_ _332\"> </span></span></span>V<span class=\"_ _3\"></span>ant<span class=\"_ _0\"></span>age Solu<span class=\"_ _0\"></span>tions Limited<span class=\"_ _260\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 0<span class=\"_ _3\"></span>389<span class=\"_ _3\"></span>257<span class=\"_ _3\"></span>5)<span class=\"_ _2e8\"> </span><span class=\"ls13 wsb\">United Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Company<span class=\"_ _100\"> </span><span class=\"ls107 ws42\">Country of incorporation<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> and ownership<span class=\"_ _332\"> </span> interest 2023 <span class=\"_ _3\"></span><span class=\"ws0\"> </span>% nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Visi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ecur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p Sys<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>6<span class=\"_ _332\"> </span>United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span>W<span class=\"_ _3\"></span>aveambda Lim<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2 (<span class=\"_ _15\"></span>regis<span class=\"_ _0\"></span>tration number 1<span class=\"_ _9\"></span>1<span class=\"_ _3\"></span>86<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>83<span class=\"_ _3\"></span>7)<span class=\"_ _2f7\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>W<span class=\"_ _3\"></span>ealthy Thoughts Limited<span class=\"_ _332\"> </span>2 (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> 03839703)<span class=\"_ _305\"> </span><span class=\"ls13 wsb\">United K<span class=\"_ _0\"></span>ingdom<span class=\"_ _4b\"> </span><span class=\"ff89 ls4 ws0\">100%<span class=\"_ _5c\"> </span>100%<span class=\"_ _332\"> </span></span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere d<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3 an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>ll t<span class=\"_ _0\"></span>ake t<span class=\"_ _0\"></span>he exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar (<span class=\"_ _0\"></span>by vi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on 48<span class=\"_ _0\"></span>0 of t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es Ac<span class=\"_ _2\"></span>t 2006).<span class=\"_ _332\"> </span>2. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es ha<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion 479A of the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 20<span class=\"_ _0\"></span>06 for th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3. A<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h, Mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p plc h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span> pro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed a g<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ll de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>3. <span class=\"_ _5\"> </span>H<span class=\"_ _0\"></span>eld d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _332\"> </span>4. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>s dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ino<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>5. <span class=\"_ _5\"> </span>T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>his su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in a cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing fewe<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an 50<span class=\"_ _0\"></span>% of th<span class=\"_ _0\"></span>e tot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ued s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f the s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y.<span class=\"_ _332\"> </span>6.  <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 202<span class=\"_ _0\"></span>3.<span class=\"_ _332\"> </span>The r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d office of all su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies is Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _15\"></span>2, T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>d, 32 Londo<span class=\"_ _0\"></span>n Br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Stree<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he excep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the followi<span class=\"_ _0\"></span>ng.<span class=\"_ _332\"> </span>Company <span class=\"_ _b1\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>Central Window<span class=\"_ _3\"></span> Cleaning<span class=\"_ _3\"></span> Company Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Industrial Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> International Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Inte<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>aud<span class=\"_ _0\"></span>i Ar<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ia LLC<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>PO B<span class=\"_ _0\"></span>ox 26<span class=\"_ _3\"></span>982, Ri<span class=\"_ _0\"></span>yad<span class=\"_ _0\"></span>h, 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>59<span class=\"_ _3\"></span>5, K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om of S<span class=\"_ _0\"></span>audi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie B<span class=\"_ _0\"></span>uild<span class=\"_ _0\"></span>ing Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces (U<span class=\"_ _0\"></span>K) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Ce<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>o Esp<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>l De Emp<span class=\"_ _0\"></span>leo S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _162\"> </span>Calle S<span class=\"_ _0\"></span>an Mi<span class=\"_ _0\"></span>gue<span class=\"_ _0\"></span>l 25, B<span class=\"_ _0\"></span>ajo 1, Az<span class=\"_ _0\"></span>uqu<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>a de He<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>, 1<span class=\"_ _15\"></span>920<span class=\"_ _0\"></span>0, G<span class=\"_ _0\"></span>uad<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>jar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mitie Deu<span class=\"_ _0\"></span>tschland GmbH<span class=\"_ _2ed\"> </span><span class=\"ls6d ws0\">c/o Pinse<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ons G<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>many L<span class=\"_ _0\"></span>LP<span class=\"_ _6\"></span>, OT<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>OS<span class=\"_ _0\"></span>TR<span class=\"_ _2\"></span>. 2<span class=\"_ _6\"></span>1, 803<span class=\"_ _3\"></span>33, Munich<span class=\"_ _0\"></span>, Ge<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>ny<span class=\"_ _332\"> </span></span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (<span class=\"_ _15\"></span>Gue<span class=\"_ _0\"></span>rnsey<span class=\"_ _3\"></span>) Limited<span class=\"_ _1a5\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o MPR Priv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e Clien<span class=\"_ _0\"></span>ts L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, PO B<span class=\"_ _0\"></span>ox 1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>9<span class=\"_ _3\"></span>, Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello Co<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>t, Admi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, St Peter Por<span class=\"_ _2\"></span>t,<span class=\"_ _332\"> </span></span><span class=\"ls6d ws0\"> </span>GY<span class=\"_ _3\"></span>1 3HB<span class=\"_ _0\"></span>, G<span class=\"_ _0\"></span>uer<span class=\"_ _0\"></span>nsey<span class=\"_ _332\"> </span>Mitie Engineering Serv<span class=\"_ _0\"></span>ices (J<span class=\"_ _0\"></span>ersey<span class=\"_ _3\"></span>) Limited<span class=\"_ _5b\"> </span><span class=\"ls6d ws0\">IFC 5, St He<span class=\"_ _0\"></span>lier<span class=\"_ _15\"></span>, J<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 1<span class=\"_ _3\"></span>ST, Jers<span class=\"_ _0\"></span>ey<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _306\"> </span>1<span class=\"_ _3\"></span>08 Q H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Fur<span class=\"_ _0\"></span>ze Ro<span class=\"_ _0\"></span>ad, S<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>ford, D<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>lin 1<span class=\"_ _3\"></span>8, I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>ies S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>.<span class=\"_ _28a\"> </span>Calle J<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>n Igna<span class=\"_ _0\"></span>cio Lu<span class=\"_ _0\"></span>ca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>en<span class=\"_ _0\"></span>a, 8<span class=\"_ _0\"></span>, 28027<span class=\"_ _6\"></span>, M<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>, Spa<span class=\"_ _0\"></span>in<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fi<span class=\"_ _0\"></span>re Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie Fr<span class=\"_ _0\"></span>ance S<span class=\"_ _0\"></span>AS<span class=\"_ _8a\"> </span>259 Rue St Hono<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 75001<span class=\"_ _15\"></span>, Pa<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>, Fra<span class=\"_ _0\"></span>nce<span class=\"_ _332\"> </span>Mitie Hospit<span class=\"_ _0\"></span>al Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>es S<span class=\"_ _0\"></span>.L<span class=\"_ _0\"></span>.<span class=\"_ _216\"> </span>c/o Cala B<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, N\u00fam<span class=\"_ _0\"></span>ero 1<span class=\"_ _3\"></span>5, Pol\u00edgon<span class=\"_ _0\"></span>o So<span class=\"_ _0\"></span>n Fus<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, 0700<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>, Pal<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>as S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _127\"> </span>c<span class=\"_ _0\"></span>/o Lucia<span class=\"_ _0\"></span>no R<span class=\"_ _0\"></span>amo<span class=\"_ _0\"></span>s Dia<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>, 1<span class=\"_ _3\"></span>, Loc<span class=\"_ _0\"></span>al 2 D<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>o 4 \u2013 S Cris<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>bal L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, 38202, S<span class=\"_ _0\"></span>an Cri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>toba<span class=\"_ _0\"></span>l <span class=\"ls4\"> </span>de la L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gun<span class=\"_ _0\"></span>a, T<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span>Mi<span class=\"_ _0\"></span>tie In<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ra S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>L.<span class=\"_ _10a\"> </span>C<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ret<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a Sa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a Creu d<span class=\"_ _0\"></span>o Ca<span class=\"_ _0\"></span>lafell 8<span class=\"_ _15\"></span>1, Gave, 0<span class=\"_ _0\"></span>8850, B<span class=\"_ _0\"></span>arcel<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>n<span class=\"_ _332\"> </span>Mitie Nederland<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>.<span class=\"_ _15\"></span>V<span class=\"_ _15\"></span>.<span class=\"_ _2c\"> </span><span class=\"ls6d ws0\">Jav<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>at 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Rot<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>m, N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie N<span class=\"_ _0\"></span>I Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _217\"> </span>Mi<span class=\"_ _0\"></span>tec O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Cen<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>t 9B<span class=\"_ _0\"></span>, Fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t Flo<span class=\"_ _0\"></span>or<span class=\"_ _15\"></span>, S<span class=\"_ _0\"></span>ilve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>woo<span class=\"_ _0\"></span>d Bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>lver<span class=\"_ _2\"></span>wood Rd,<span class=\"_ _332\"> </span> Lur<span class=\"_ _0\"></span>gan<span class=\"_ _0\"></span>, Cr<span class=\"_ _0\"></span>aig<span class=\"_ _0\"></span>avon, N<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>ther<span class=\"_ _0\"></span>n Irel<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, BT<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>6 6SY<span class=\"_ _15\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span> Mitie Schweiz GmbH<span class=\"_ _11e\"> </span><span class=\"ls6d ws0\">Br<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dsc<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>kes<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sse 9<span class=\"_ _0\"></span>0, CH<span class=\"_ _0\"></span>-8<span class=\"_ _0\"></span>027<span class=\"_ _6\"></span>, Zur<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>, Swi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _332\"> </span></span>Mi<span class=\"_ _0\"></span>tie S<span class=\"_ _0\"></span>cotg<span class=\"_ _0\"></span>ate L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Mitie Suomi Oy<span class=\"_ _292\"> </span><span class=\"ls6d ws0\">c<span class=\"_ _0\"></span>/o Ov Vis<span class=\"_ _0\"></span>ma S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Infocon A<span class=\"_ _0\"></span>b, Porme<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>nrin<span class=\"_ _0\"></span>e 8, 0<span class=\"_ _0\"></span>01<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>0 Hel<span class=\"_ _0\"></span>sink<span class=\"_ _0\"></span>i, F<span class=\"_ _0\"></span>inla<span class=\"_ _0\"></span>nd<span class=\"_ _332\"> </span></span>P2M<span class=\"_ _0\"></span>L Ltd<span class=\"_ _21e\"> </span><span class=\"ls6d ws0\">3<span class=\"_ _3\"></span>5 D<span class=\"_ _0\"></span>uche<span class=\"_ _0\"></span>ss Ro<span class=\"_ _0\"></span>ad, Ru<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>, Gl<span class=\"_ _0\"></span>asg<span class=\"_ _0\"></span>ow, Scotlan<span class=\"_ _0\"></span>d, G7<span class=\"_ _0\"></span>3 1<span class=\"_ _15\"></span>AU, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om<span class=\"_ _332\"> </span></span>Phonota<span class=\"_ _0\"></span>s Ser<span class=\"_ _0\"></span>vices Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ra<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neur Cl<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ning a<span class=\"_ _0\"></span>nd Su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>Ret<span class=\"_ _0\"></span>ail Cl<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>So<span class=\"_ _0\"></span>urce8 D<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y (Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _88\"> </span>235 Ikorod<span class=\"_ _0\"></span>u Road<span class=\"_ _0\"></span>, Ilup<span class=\"_ _0\"></span>eju<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>agos<span class=\"_ _0\"></span>, Nig<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a<span class=\"_ _332\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>ss (E<span class=\"_ _3\"></span>urope<span class=\"_ _15\"></span>) Limited<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>30 Fins<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, En<span class=\"_ _0\"></span>gla<span class=\"_ _0\"></span>nd, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>A 1<span class=\"_ _15\"></span>AG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom<span class=\"_ _332\"> </span>T<span class=\"_ _15\"></span>ranslimp C<span class=\"_ _3\"></span>ontrac<span class=\"_ _0\"></span>t Ser<span class=\"_ _0\"></span>vices<span class=\"_ _3\"></span> S<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _13f\"> </span><span class=\"ls6d ws0\">C<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>e Jua<span class=\"_ _0\"></span>n Ign<span class=\"_ _0\"></span>acio L<span class=\"_ _0\"></span>uca d<span class=\"_ _0\"></span>e T<span class=\"_ _15\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>, 8, 28027<span class=\"_ _15\"></span>, Ma<span class=\"_ _0\"></span>drid<span class=\"_ _0\"></span>, Sp<span class=\"_ _0\"></span>ain<span class=\"_ _332\"> </span></span>No su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ies have n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-con<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>lling in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial to t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>.<span class=\"_ _332\"> </span>Note:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es we<span class=\"_ _0\"></span>re in l<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2023<span class=\"_ _332\"> </span>Joint ventur<span class=\"_ _3\"></span>es and associates<span class=\"_ _332\"> </span>The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ven<span class=\"_ _0\"></span>tures a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>t 3<span class=\"_ _15\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Entity<span class=\"_ _307\"> </span><span class=\"ls8f ws136\">Registe<span class=\"_ _0\"></span>red office addre<span class=\"_ _0\"></span>ss<span class=\"_ _332\"> </span></span>2023 <span class=\"_ _3\"></span> % vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s and ownership interest<span class=\"_ _332\"> </span>2023 <span class=\"_ _3\"></span> % nominal <span class=\"_ _15\"></span><span class=\"ls4 ws0\"> </span>value owned<span class=\"_ _332\"> </span>Interserve Rezayat Compan<span class=\"_ _3\"></span>y LL<span class=\"_ _3\"></span>C<span class=\"_ _332\"> </span>1<span class=\"_ _332\"> </span>Uni<span class=\"_ _0\"></span>t 6 an<span class=\"_ _0\"></span>d 7<span class=\"_ _15\"></span>, Al A<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ni Cen<span class=\"_ _0\"></span>ter<span class=\"_ _15\"></span>, A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>s Bi<span class=\"_ _0\"></span>n Mal<span class=\"_ _0\"></span>ik Road<span class=\"_ _0\"></span>, Bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g num<span class=\"_ _0\"></span>ber 2727<span class=\"_ _6\"></span>,<span class=\"_ _0\"></span> Addi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l numb<span class=\"_ _0\"></span>er 8<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _15\"></span>4, R<span class=\"_ _0\"></span>iy<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>h, Pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al Co<span class=\"_ _0\"></span>de 1<span class=\"_ _15\"></span>33, Kingd<span class=\"_ _0\"></span>om of Sa<span class=\"_ _0\"></span>udi A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bia<span class=\"_ _79\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _58\"> </span>50%<span class=\"_ _332\"> </span></span>L<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>c Sup<span class=\"_ _0\"></span>por<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _332\"> </span>2<span class=\"_ _332\"> </span>Level 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>rid<span class=\"_ _0\"></span>ge Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, SE<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ted K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">51%<span class=\"_ _e6\"> </span>51%<span class=\"_ _332\"> </span></span>Pri<span class=\"_ _0\"></span>de (SERP) Ltd<span class=\"_ _77\"> </span>L<span class=\"_ _0\"></span>evel 1<span class=\"_ _15\"></span>2<span class=\"_ _0\"></span>, The S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>rd, 32 Lond<span class=\"_ _0\"></span>on B<span class=\"_ _0\"></span>ridg<span class=\"_ _0\"></span>e Stre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Lond<span class=\"_ _0\"></span>on, S<span class=\"_ _0\"></span>E<span class=\"_ _15\"></span>1 9SG<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Ki<span class=\"_ _0\"></span>ngdo<span class=\"_ _0\"></span>m<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">50%<span class=\"_ _e6\"> </span>50%<span class=\"_ _332\"> </span></span>Sus<span class=\"_ _0\"></span>sex E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>nd Fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>LP<span class=\"_ _e3\"> </span>Level 1<span class=\"_ _3\"></span>2, T<span class=\"_ _0\"></span>he Sh<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, 32 London B<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>idge St<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>t, Lo<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n, SE<span class=\"_ _3\"></span>1 9SG<span class=\"_ _0\"></span>, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d King<span class=\"_ _0\"></span>dom<span class=\"_ _43\"> </span><span class=\"ff89 ls4\">35%<span class=\"_ _58\"> </span>35%<span class=\"_ _332\"> </span></span>Notes:<span class=\"_ _332\"> </span>1<span class=\"_ _3\"></span>.  <span class=\"_ _2\"> </span>T<span class=\"_ _0\"></span>his e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s in li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 M<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>h 2023.<span class=\"_ _332\"> </span>2.  <span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>t Ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ices L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed ow<span class=\"_ _0\"></span>ns 49% of L<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rc Gu<span class=\"_ _0\"></span>lf Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt LLC<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>n ent<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>gis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d offic<span class=\"_ _0\"></span>e is in t<span class=\"_ _0\"></span>he Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed A<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b Emi<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations The G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up had t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng join<span class=\"_ _0\"></span>t ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>s at 3<span class=\"_ _3\"></span>1 Ma<span class=\"_ _0\"></span>rch 2023.<span class=\"_ _332\"> </span>Joint oper<span class=\"_ _0\"></span>ations<span class=\"_ _128\"> </span><span class=\"ls107 ws42\">Countr<span class=\"_ _0\"></span>y of incorporation <span class=\"_ _b3\"> </span><span class=\"ls119 wsdd\">Prin<span class=\"_ _0\"></span>cipal activit<span class=\"_ _0\"></span>y<span class=\"_ _332\"> </span></span></span>2023 <span class=\"_ _3\"></span> % interest<span class=\"_ _332\"> </span>OneA<span class=\"_ _0\"></span>im<span class=\"_ _42\"> </span><span class=\"ls13 wsb\">Uni<span class=\"_ _0\"></span>ted Kingdo<span class=\"_ _0\"></span>m<span class=\"_ _19d\"> </span><span class=\"ls9 ws8\">Si<span class=\"_ _0\"></span>tewo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>s<span class=\"_ _4c\"> </span><span class=\"ff89 ls4 ws0\">50%</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800MTCLTKEHWZMJ03",
    "period": "2022-04-01T00:00:00/2023-04-01T00:00:00"
   }
  }
 }
}