Report issued on 24 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Rates of increase in pensions disclosed.
Provisions on business disposals presented as a separate class.
Impact of reduction in tax rate not disclosed with the company telling us that it is immaterial.
Prejudicial override invoked not to provide further information on one contractual breach.
Disclosure of two acquisitions after the year end but impracticable to give detailed information.
Revenue recognition policy expanded.