International Personal Finance PLC to Discuss Update on Polish Tax Audit Call Transcript
Welcome to the International Personal Finance update hosted by Gerard Ryan, Chief Executive Officer; and Justin Lockwood, Chief Financial Officer. (Operator Instructions)
I will now hand you over to Gerard Ryan to begin today's conference.
Thank you, Mary. Good afternoon, everybody, and thank you for joining our call today. On the line with me, I have Justin Lockwood, our CFO.
I'm sure by now you've had a chance to read the statement we put out a couple of hours ago relating to the, what I would say is, extremely positive news that the tax audit for our Polish home credit business for the years '10, '11 and '12 have been closed. And also agreement -- the adjustments for the years '13 through '17 are now agreed, resulting in an overall payment of around GBP 3.8 million. This payment extinguishes a contingent liability of GBP 137 million. And most importantly, I think, it closes the uncertainty for our shareholders, providers of finance, our colleagues, and
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