The Integrated Value acquisition concerns me. In the ann on 1st...

The Integrated Value acquisition concerns me. In the ann on 1st October, majority of the consideration is dependent on performance targets and there's talk of 450-500k EBIT in 2013/14. Yet in the HY accounts, the consideration is no longer contingent and profit figures are absorbed into the group. Since it cost $10m, I hope the contribution is significant.

Also, don't like the way that they refer to having no debt yet there's 14m of deferred consideration sitting on the balance sheet.