Abacus

Abacus Group plc Period End 30 September 2007

Abacus Annual Report Year 2008

Impairment of intangible reduces profit by 94% and net assets by 11%
Decision to purchase new IT system leads UK electronic components distributor Abacus to impair its existing system fully and charge of £9.7 million reduces profit by 94% and net assets by 11%.