Yeah the FY23 PBT includes a ~$16m write back of contingent consideration, that’s why I started top down rather than bottom up. Check Note 6 for the calculation of the “transaction and integration benefit”, without it PBT would have been closer to $15m.
Bit ironic that underperforming acquisitions missing earnout targets gives such a free kick to the profit and loss!
Yeah the FY23 PBT includes a ~$16m write back of contingent...
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