RE: Spread the love14 Feb 2022 11:10
The company has provisioned £20m cash for the settlement.
I.e an amount written off in expectation of this payout.
They expect to settle for an amount equal to or less than they have already provisioned for.
So if they have provisioned £20m
And settle for 10m
This will result in a write back of 10m cash to the company.
No, I'm not an accountant, but I understand it.
You clearly don't, as that's your right not too.