Another shocker of a year. From the accounts (see below) the investment write off accounted for roughly 10% of HGV's investments.
The main driver of financial performance in the Financial Period was the write-off of HGV’s investment in Medio Labs. This write-off followed Medio informing HGV during the Financial Period that it was insolvent and was no longer operating.
Ann: Half Year Accounts, page-2
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