Ann: STRONG GROWTH BUT PROFIT IMPACTED BY STRENGTHENING RESERVES, page-2

So operating profit would have been up by 11% for the half.

My issue is not that they are holding more in reserve, but that the float is invested so conservatively it generates almost nothing. If they had a more aggressive investment approach the extra reserves held would generate profit for the business.

I only heard bits on the phone and I will go back and listen. The question was asked would this occur to any other part of the business. Paraphrase. The business underwent a comprehensive review and the reserves are above where they need to be. They will look at reviewing quarterly.