Dot Joining - the Jock way, page-9

Hi Mel,

Pleases me to see you still show positivity. I was disappointed that the SP didn't rocket on the ANN day.

I read the financials and some one also pointed out that in the Fin Statement it stated that goodwill is not tax deductible... but it is.... I checked again, and this time found the same thing on PWC's website.... So I wrote to investor relationships to see if they can clarify why this is the case. (PWC link: http://www.publications.parliament.uk/pa/cm201516/cmpublic/finance/memo/fb18.htm)

Another article from the UK government website says IFRS doesn't allow goodwill impairment to be tax deductible, but the tax office does after applying the relieve for business acquired prior 8/7/15... (link: http://www.publications.parliament.uk/pa/cm201516/cmpublic/finance/memo/fb18.htm)

So I am curious... will SGH get money from UK tax office which is not accounted for in the financials because IFRS does not allow for the recognition? But if this is the case, surely it's worth disclosing.

Frustrated with the SP, shower me with positivity!

Regards

Jack