Quote Originally Posted by Paper Tiger View Post
...I am definitely going to give the entire 147 page announcement a proper look over (accounts first and then the frippery) but superficially it looks good to me...
So on Page 98 - Note 26 Contingent liabilities (many pages still to go )

"Contingent liabilities are not recognised in the SOFP1 but are disclosed where settlement is less than probable but more than remote. If settlement becomes probable, a provision is recognised"

Made me smile .

Best Wishes
Paper Tiger

PS "At the year-end there were no contingent liabilities (2014: nil)."

1Statement Of Financial Position