The Company remains focused on collection of outstanding debtors...

The Company remains focused on collection of outstanding debtors and will be doing so in conjunction with commencement of the school year in New York City. Given the past delay in debtor collections, the Company has been ensuring all sales are only recognised in conjunction with satisfactory payment identification. Further commentary is provided under “United States”. As a result of the ageing of the outstanding debtors, the Company acknowledges that its Auditors have not been able to obtain sufficient appropriate audit evidence in relation to the occurrence of revenue or recoverability of trade receivables as a result of the confidential nature of the New York City Department of education payment process, and in consequence qualification of the audit in this regard has been included.