ICAP

ICAP plc Period End 31 March 2010

ICAP plc Annual Report 2010
Inappropriate recognition of goodwill
UK financial broking company ICAP inappropriately increases goodwill by £12 million corresponding to deferred tax liabilities on revaluing its previous interest in a company that it acquired in full this year.

Loss from discontinued operations reduces profit by approximately 30%
UK financial broking company ICAP reports a £48 million loss from its discontinued European and Asia Pacific cash equities business which reduces profit for the year by some 30%.