[reynoldsg]

a) I also said it should be a discontinued operation and that the contingent consideration should be included in it. Royalties i said should be an intangible asset which i’m presuming is wrong.

b) I only discounted the 100k legal costs and said that the remaining 500k could be capitalised. I also said the difference between consideration and NCI should go to retaining earnings.

c) I wrote loads about the deferred tax standard and basically said that they couldn’t recognise it as they were expecting a loss in the next four years.

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