Feedback on P2 notes

Hi, Thanks for the kind comments. We do out best and its glad to feel that what we do is worthwhile for our students. You're right about the share of profit of associate, I thought I'd corrected it a while ago but clearly hadn't. I'll get it updated ready for the September sitting. I hope you didn't torture yourself too much. If Lisa has the shares in issue that they are Lisa shares for which cash will have been received when the shares were issued. Again, I think the question needs to be slightly amended in that it should say that they are convertible at the option of the investor and so treated as equity. If it were at the option of Lisa then it would be better to pay the cash and hence a financial liability. Thanks