geralvin. All this chatter about SGS could well be a furphy....

geralvin. All this chatter about SGS could well be a furphy. There is little the company have said indicating SGS is not performing other than as expected. With the exception of NIHL which as we know is a separate issue, the problems are more in the Slater and Gordon Lawyers part of the business. It is S&G lawyers that face two office closures not SGS. There is a slight underperformance in 'health' reported but that is insignificant in the big picture.

Also E&Y did audit the UK business FY15 so there is a common understanding between E&Y and management as to the quality of the assets prior to E&Y being appointed as the official auditor.