Chamber and committees

As there are no other questions from members, I will bring the meeting to a close. In doing so, I acknowledge that this is the last meeting that Professor Alan Alexander will attend as chair of the board. I thank him for his significant contribution over a number of years.

I congratulate Jamie on his appointment.

Thank you.

Does the change in accounting processes cover all leases of any description?

I welcome to the meeting David Jeffcoat, partner, and Jillian So, audit and accounts manager, from Alexander Sloan. Would either of you like to make any comments before we move to questions?

Thank you. Just for completeness and for the official record, can you confirm that you have received all the necessary information and explanations that you require to form your opinion on the financial statements?

It is in note 9, on page 86. I am just asking whether you are content with the judgments that were made.

Okay. Do members have any questions?

I will bring in Mark Ruskell.

It would be helpful if members of the commission could get a short briefing on how that works and how it impacts on the balance sheet.