News: CAJ Capitol Health Updates On Correction Of Accounting Treatment Of Contingent Consideration

June 16 (Reuters) - Capitol Health Ltd (CAJ) :

• UPDATES ON CORRECTION OF ACCOUNTING TREATMENT OF CONTINGENT CONSIDERATION
• CONTINGENT CONSIDERATION RELATING TO BUSINESSES ACQUIRED IN FY18, FY19 IDENTIFIED AS BEING INCORRECTLY TREATED IN 2019 ANNUAL REPORT
• IMPACT OF TREATMENT ON 30 JUNE 2019 RESULTS IS OVERSTATEMENT OF GOODWILL OF $5.3M
• IMPACT OF TREATMENT ON 30 JUNE 2019 RESULTS IS OVERSTATEMENT OF DEFERRED CONSIDERATION OF $0.9M, & OF PROFIT BEFORE TAX OF $4.4M
• REVISED ACCOUNTING TREATMENT OF CONTINGENT CONSIDERATION TO BE RESTATED IN GROUP'S 30 JUNE 2020 ANNUAL REPORT