RE: Best case scenario for Sidara25 Apr 2025 09:00
Bob i was referring to below.
As indicated on 14 February 2025, the overall findings of the Review include:
· A number of prior year adjustments are expected to be required to the income statement and balance sheet
· Issues identified in a limited number of contracts in Projects, particularly in relation to legacy lump sum turnkey ('LSTK') projects
· Issues with the application of relevant accounting standards, such as holding specific amounts on the Projects centre balance sheet that should have been written off
· Gaps and deficiencies within the application of controls which relate to the monitoring and reporting of project positions within the Projects business unit
· No material issues identified in our other business units (Consulting, Operations and Investment Services)