PRL GLOBAL LTD — Interim / Quarterly Report 2018

Feb 20, 2018

APPENDIX 4D – HALF YEAR REPORT

PERIOD ENDED 31 DECEMBER 2017

CI RESOURCES LIMITED AND ITS CONTROLLED ENTITIES ACN 006 788 754

Reporting Period

This information should be read in conjunction with the 30 June 2017 annual financial report.

Current reporting period: 31 December 2017 Previous corresponding period: 31 December 2016

Results for announcement to the market

	31 Dec 2017 $’000’s	31 Dec 2016 $’000’s	% Change
Revenue from continuing operations	89,506	77,889	14.9%
Net profit for the period	11,523	10,022	15.0%
Profit from ordinary activities after tax attributable to members	11,523	10,022	15.0%
Total comprehensive income for the period attributable to members	14,047	4,750	195.7%

Earnings Per Share

	31 Dec 2017	31 Dec 2016
Basic and Diluted	9.97 cents	8.67 cents

Dividends

Dividends totalling 7 cents per share have been paid during the half year ended 31 December 2017. The Directors recommend the payment of an interim dividend of 3 cents per share.

Date the interim dividend is payable 18 April 2018 Record date to determine entitlements to the dividend 21 March 2018 Date interim dividend was declared 21 February 2018

Half-year Financial Statements – 31 December 2017

APPENDIX 4D – HALF YEAR REPORT (Continued) PERIOD ENDED 31 DECEMBER 2017

CI RESOURCES LIMITED AND ITS CONTROLLED ENTITIES ACN 006 788 754

Net Tangible Asset Backing Per Security

	31 Dec 2017	31 Dec 2016
Fully paid ordinary shares on issue at balance date	115,581,107	115,581,107
Net tangible asset backing per issued ordinary share as at balance date	155.3 cents	129.6 cents

Additional Appendix 4D disclosure requirements can be found in the directors’ report and the 31 December 2017 half year report and accompanying notes.

Significant changes in the state of affairs of the Company

No significant changes took place during the period in the state of affairs of the consolidated entity.

Compliance Statement

The report is based on financial statements reviewed by the auditor, a copy of which is attached.

For and on behalf of the directors:

David Somerville Director Dated: 21 February 2018

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Half-year Financial Statements – 31 December 2017

CI Resources Limited

ACN 006 788 754

Half Year Report For the half-year ended 31 December 2017

2

Half-year Financial Statements – 31 December 2017

CI Resources Limited ACN 006 788 754

Contents	Page
Directors' report	3
Auditor’s independence declaration	5
Half-year financial statements	6
Directors' declaration	18
Independent review report to the members	19

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Directors’ report

Your directors present their half year report on the consolidated entity (“Group”) consisting of CI Resources Limited (“CII” or “Company”) and the entities it controlled at the end of, or during, the half-year ended 31 December 2017.

Directors

The following persons were directors of CI Resources Limited for the whole of the half-year and up to the date of this report, unless otherwise stated:

Mr David Somerville Mr Lai Ah Hong Dato’ Sri Tee Lip Sin Mr Tee Lip Jen Mr Adrian Gurgone Dato’ Sri Kamaruddin bin Mohammed Mr Clive Brown

Dividends

Dividends totalling 7 cents per share have been paid during the half year ended 31 December 2017. The Directors propose paying a fully franked interim dividend of 3 cents per share issued with the record date being set at 21 March 2018 with payment to be made on the 18 April 2018.

Review of operations

The Consolidated Entity is reporting a net profit for the period of $11.523M for the half-year ended 31 December 2017 (31 December 2016: $10.022M).

Sales volumes from the Christmas Island operations were stronger than the same period in the prior year due to improved weather conditions in the first half of the financial year, compared to the unseasonal wet conditions in the prior year. This resulted in sales of approximately 350,000 tonnes for the half year, compared with 320,000 tonnes for the same period last year.

There was also an increase in sales volumes due to increased production from our palm oil plantation and palm oil processing activities.

Financial Position

At the end of the financial period the consolidated entity had net cash balances of $42.432M (30 June 2017: $37.038M) and net assets of $186.615M (30 June 2017: $180.659M).

Total liabilities amounted to $42.475M (30 June 2017: $43.806M), being trade and other creditors, provisions and taxation liabilities.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Directors’ report

Earnings per share Basic earnings per share	December 2017 Cents December 2016 (restated) Cents
	9.97 8.67

Auditor’s Independence Declaration

A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 5.

Rounding

The amounts contained in this report and in the financial report have been rounded to the nearest $1,000 (where rounding is applicable) under the option available to the Company under the ASIC Corporation (Rounding in Financial/Directors’ Reports) Instrument 2016/191 . The Company is an entity to which the Class Order applies.

Auditor

Ernst & Young continues in office in accordance with section 327 of the Corporations Act 2001 .

This report is made in accordance with a resolution of the directors.

D Somerville Chairman Perth, Western Australia

21 February 2018

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Half-year Financial Statements – 31 December 2017

Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843

Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au

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Auditor’s Independence Declaration to the Directors of CI Resources Limited

As lead auditor for the review of CI Resources Limited for the half-year ended 31 December 2017, I declare to the best of my knowledge and belief, there have been:

• a) no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review ; and

• b) no contraventions of any applicable code of professional conduct in relation to the review.

This declaration is in respect of CI Resources Limited and the entities it controlled during the financial period.

Ernst & Young

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D A Hall Partner 21 February 2018

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

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CI RESOURCES LIMITED

Consolidated Statement of Comprehensive Income For the half-year ended 31 December 2017

Notes	Consolidated 31 December 2017 $’000s 31 December 2016 $’000s
Revenue from continuing operations 3a Cost of sales 3b Gross Profit Other income 3c Finance costs Other expenses 3d Share of loss of a joint venture Profit before income tax Income tax expense Net profit for the period Other comprehensive income Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations Basic and diluted earnings/(loss) per share	89,506 77,889 (64,990) (57,613)
	24,516 20,276 2,574 1,536 (300) (301) (10,435) (7,706) - (38)
	16,355 13,767 (4,832) (3,745)
	11,523 10,022
	2,524 (5,272)
	14,047 4,750
	Cents 9.97 Cents 8.67

The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Consolidated Statement of Financial Position As at 31 December 2017

Notes	Consolidated 31 December 2017 $’000s 30 June 2017 $’000s
Current assets Cash and cash equivalents 4 Other financial assets Trade and other receivables Inventories Biological assets Forward Exchange Contract Receivable 8 Prepayments Income tax receivable Total current assets Non-current assets Other financial assets Property, plant & equipment Goodwill Biological assets Deferred tax assets Total non-current assets Total assets Current liabilities Trade and other payables Borrowings Provisions Total current liabilities Non-current liabilities Borrowings Deferred tax liabilities Provisions Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Accumulated profits Total equity	42,432 37,038 8,135 15,302 47,865 46,518 18,486 19,141 292 217 35 348 5,168 36 1,631 2,144
	124,044 120,744
	6,346 7,274 76,768 73,419 7,158 7,158 6,606 6,641 8,168 9,229
	105,046 103,721
	229,090 224,465
	10,546 9,990 12 12 5,028 6,121
	15,586 16,123
	44 48 8,901 8,418 17,944 19,217
	26,889 27,683
	42,475 43,806
	186,615 180,659
	72,160 72,160 7,632 5,108 106,823 103,391
	186,615 180,659

The above Statement of Financial Position should be read in conjunction with the accompanying notes.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Consolidated Statements of Changes in Equity For the half-year ended 31 December 2017

2017 Consolidated	Contributed Equity $’000s Foreign currency translation Reserve $’000s Discount on acquisition of Non- controlling interest Reserve $’000s Retained earnings $’000s Total $’000s
1 July 2017 Profit for the period Other comprehensive income Total comprehensive income for the period Transactions with owners in their capacity as owners Dividends paid 31 December 2017	72,160 (3,391) 8,499 103,391 180,659
	- - - 11,523 11,523 - 2,524 - - 2,524
	- 2,524 - 11,523 14,047
	- - - (8,091) (8,091)
	72,160 (867) 8,499 106,823 186,615

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Consolidated Statements of Changes in Equity For the half-year ended 31 December 2017

2016 Consolidated	Contributed Equity $’000s Foreign currency translation Reserve $’000s Discount on acquisition of Non- controlling interest Reserve $’000s Retained earnings $’000s Total $’000s
1 July 2016 Profit for the period Other comprehensive income Total comprehensive income for the period Transactions with owners in their capacity as owners Dividends paid 31 December 2016	72,160 717 8,499 95,277 176,653
	- - - 10,022 10,022 - (5,272) - - (5,272)
	- (5,272) - 10,022 4,750
	- - - (9,246) (9,246)
	72,160 (4,555) 8,499 96,053 172,157

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Consolidated Statement of Cash Flows For the half-year ended 31 December 2017

Notes	Consolidated 31 December 2017 $’000s 31 December 2016 $’000s
Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Income taxes paid Net cash inflow from operating activities Cash flows from investing activities Decrease/(Increase) in financial assets Proceeds from sale of property, plant and equipment Purchase of property and equipment Investment in joint venture Net cash inflow/(outflow) from investing activities Cash flows from financing activities Repayments of interest bearing loans and borrowings Dividends paid Net cash outflow from financing activities Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Impact of foreign exchange Cash and cash equivalents at the end of the period 4	88,829 75,676 (76,142) (67,441) 676 408 (4,130) (8,379)
	9,233 264
	8,095 (549) 40 293 (3,804) (6,254) - (200)
	4,331 (6,710)
	(4) (160) (8,091) (9,246)
	(8,095) (9,406)
	5,469 (15,852) 37,038 57,696 (75) 355
	42,432 42,199

The above Statement of Cash Flows should be read in conjunction with the accompanying notes.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

1 Corporate Information

The half-year financial statements of CI Resources Limited and its subsidiaries (‘Group’) for the six months ended 31 December 2017 were authorised for issue in accordance with a resolution of the directors on 22 February 2018.

CI Resources Limited is a for profit company limited by shares incorporated in Australia whose shares are publicly traded on the Australian Securities Exchange.

2 Basis of Preparation and Accounting Policies

Basis of preparation

This half-year financial statements for the half-year ended 31 December 2017 are general purpose condensed financial statements prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001.

The half-year financial statements does not include all notes of the type normally included within the Annual Financial Report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the consolidated entity as the full financial report.

The half-year financial statements should be read in conjunction with the Annual Financial Report of CI Resources Limited as at 30 June 2017.

Apart from the adoption of new or revised standards noted below, the accounting policies and methods of computation are the same as those adopted in the most recent annual financial report.

Changes in accounting policy

The accounting policies adopted in the preparation of the half-year report are consistent with those followed in the preparation of the Group's Annual Financial Report for the year ended 30 June 2017, except for the adoption of new standards and interpretation which has had and no material impact on the financial position or performance of the Group, and the disclosures in the half-year report.

Issued but not yet effective accounting standards

The Group has not elected to early adopt any new standards or amendments that are not mandatorily effective. The assessments of the new standard or amendments remains consistent with the impact outlined in the Group's Annual Financial Report.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

3 Revenue and Expenses (a) Revenue Phosphate sales Palm oil sales Finance revenue – interest Rendering of services Other sales (b) Cost of sales Cost of production: Production and purchase costs Royalties Environment levy Insurance Shipping costs: Shipping charges Port charges Handling and warehousing costs Depreciation: Plant and equipment Total cost of sales (c) Other income Foreign exchange gain Change in fair value of biological asset Insurance claim Other	Consolidated 31 December 2017 $’000s 31 December 2016 $’000s 52,284 49,856 22,965 14,500 677 408 6,427 4,299 7,153 8,826
	89,506 77,889
	48,701 43,871 875 812 860 732 1,086 928
	51,522 46,343
	8,393 7,158 1,301 1,085
	9,694 8,243
	813 372 2,961 2,655
	64,990 57,613
	- 1,100 64 428 2,500 - 10 8
	2,574 1,536

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

3 Revenue and Expenses (continued) (d) Other expenses Redundancy expense Foreign exchange loss Depreciation Administration and other	Consolidated 31 December 2017 $’000s 31 December 2016 $’000s 3,135 228 499 - 50 46 7,022 7,161
	10,435 7,706

4 Reconciliation of Cash and Cash Equivalents

Cash at bank 5 Dividends Paid and Proposed Franked dividends declared and paid during the half-year on ordinary shares to the owners of the parent:$0.07(December 2016:$0.08) Dividends proposed and not yet recognised as a liability	42,432 37,038
	(8,091) (9,246) (3,467) (3,467)
	(11,558) (12,713)

6 Commitments and Contingencies

As at the reporting date the consolidated entity had no expenditure commitments.

Since the last annual reporting date, there has been no material change to any contingent liabilities or contingent assets.

7 Events after the Balance Sheet Date

No matter or circumstance has arisen since 31 December 2017 that has significantly affected, or may significantly affect, the operations of CI Resources Limited and its controlled entities, or the state of affairs of CI Resources Limited and its controlled entities in subsequent periods.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

8 Financial Instruments

The Directors have concluded that the fair value of financial assets and financial liabilities are not materially different to book values. The methods and assumptions used to estimate the fair value of financial instruments were:

• Receivables/payables - Due to the short term nature of these financial rights and obligations, and/or market interest received/paid, their carrying values are estimated to represent their fair values.

• Derivatives - The fair values of forward currency contracts are calculated by reference to current forward exchange rates for contracts with similar maturity profiles.

• Finance lease liability - The fair value is the present value of minimum lease payments.

• Bank loan - All the bank loans of the Group are interest bearing with floating interest rates which move in accordance with the market interest rates. Therefore the fair value of the bank loans approximates their carrying value.

• Term deposits - The carrying values of term deposits represent the fair values.

• Capital notes - These investments are fair valued by reference to published bid prices.

(a) Forward currency contracts – held for trading

The Group has entered into forward exchange contracts which are economic hedges but do not satisfy the requirements for hedge accounting.

	Notional amounts	Notional amounts	Average exchange rate	Average exchange rate
	$AUD
	31 Dec 2017	30 June 2017	31 Dec 2017	30 June 2017
	$’000s	$’000s
Sell US$/buy Australian $
Consolidated
Sell US$ maturity 0 to 12 months	1,318	9,463	0.7589	0.7397

These contracts are fair valued by comparing the contracted rate to the forward market rates for contracts with the same remaining term, discounted at a market interest rate. All movements in fair value are recognised in profit or loss in the period they occur. The net fair value losses on foreign currency derivatives during the half-year were $0.218 million for the Group.

(b) Capital notes – available-for-sale

During the period, the Group has invested in capital notes with various institutions which are designated as availab for-sale financial assets.

	Fair Value	Fair Value
	$AUD
	31 Dec 2017	30	June 2017
	$’000s		$’000s
Capital notes $
Australian capital notes	996		-

Initial measurement of these financial assets comprise fair value plus transaction costs and subsequent measurement fair value. The movement in fair value in each period is recognised in other comprehensive income. The net fair va (gains)/losses on capital notes during the half-year were $nil for the Group.

The group uses various methods in estimating the fair value of a financial instrument. The methods comprise: Level 1: the fair value is calculated using quoted price in active markets;

Level 2: the fair value is estimated using inputs other than quoted prices included in Level 1 that are observable for the assets or liability, either directly (as price) or indirectly (derived from prices); and

Level 3 : the fair value is estimated using inputs for the assets or liability that are not based on observable market data

Forward currency contracts – classified as held for trading Capital notes – classified as available-for- sale	Level 1 ‘000 Level 2 ‘000 Level 3 ‘000 Total ‘000 - 35 - 35 996 - - 996
	996 35 - 1,031

Transfer between categories:

There were no transfers between levels during the half-year.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

9 Segment Reporting

Segment Reporting for the half-year ended 31 December 2017

The Group has identified its operating segments based on the internal reports that are reviewed and used by the executive management team (the chief operation decision makers) in assessing performance and in determining the allocation of resource.

The Group has identified its operating segments to be Mining and Farming based on the different operating businesses within the Group. Discrete financial information about each of these operating segments is reported to the chief operation decision makers on a monthly basis.

Mining operating segment primarily involves mining, processing and sale of phosphate rock, phosphate dust and chalk.

Farming operating segment primarily involves oil palm cultivation and palm oil processing.

Accounting policies and inter-segment transactions

The accounting policy used by the Group in reporting segments internally are the same as those contained in Note 2 to the 30 June 2017 accounts.

Revenue Revenue from external customers Interest income Rendering of services Fuel sales Total segment revenue Result Segment net operating profit after tax (attributable to parent) Depreciation and amortisation Income tax expense Assets and Liabilities Segment assets Segment liabilities	Half-Year ended 31 December 2017
	Mining Farming Unallocated/ Elimination Total $’000s $’000s $’000s $’000s
	52,640 22,965 - 75,605 378 165 134 677 - - 6,427 6,427 - - 6,797 **6,797 **
	53,018 23,130 13,358 89,506 7,886 815 2,822 11,523
	1,696 930 385 3,011 3,573 238 1,021 4,832 As at 31 December 2017 142,945 56,123 30,022 229,090
	33,380 4,942 4,153 42,475

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

9 Segment reporting (continued)

Revenue Revenue from external customers Interest income Rendering of services Other sales Total segment revenue Result Segment net operating profit after tax (attributable to parent) Depreciation and amortisation Income tax expense Assets and Liabilities Segment assets Segment liabilities	Half-Year ended 31 December 2016
	Mining Farming Unallocated/ Elimination Total $’000s $’000s $’000s $’000s
	49,856 14,500 - 64,356 218 75 115 408 - - 4,936 4,936 - - 8,189 8,189
	50,074 14,575 13,240 77,889 8,092 699 1,231 10,022
	1,427 910 364 2,701 3,348 101 296 3,745 As at 30 June 2017 143,066 51,476 29,923 224,465
	37,711 3,445 2,650 43,806

Revenue from external customers by geographical locations is detailed below. Revenue is attributed to geographic location based on the location of the customers. The Company does not have external revenues from external customers that are attributable to any foreign country other than as shown:

Australasia Malaysia Indonesia Singapore	1 July 2017 to 31 December 2017 1 July 2016 to 31 December 2016 $’000s $’000s 15,007 14,072 64,027 49,981 - 13,428 9,795 -
	88,829 77,481

Major customers

The Group has a number of customers to which it provides the products. There are 3 (2016: 2) customers of the Group who each account for more than 10% of total external revenue for the half years ended.

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Half-year Financial Statements – 31 December 2017

CI RESOURCES LIMITED

Notes to the financial statements For the half-year ended 31 December 2017

9 Segment reporting (continued)

Non-Current Assets by geographical regions:

Non-Current Assets b eorahical reions:
y ggp g Australia Malaysia Singapore	Consolidated 31 December 2017 $’000s 30 June 2017 $’000s 38,612 36,970 50,728 49,027 1,192 1,221
	90,532 87,218

10 Related parties

The Group has a policy that all transactions with related parties are conducted on commercial terms and conditions.

No material related party transactions occurred other than the remuneration of Directors and Key Management Personnel.

11 Changes in composition of the entity

There has been no material change in the composition and nature of the Group during the interim period, including business combinations, obtaining or losing control of subsidiaries and long-term investments, restructurings and discontinued operations.

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Half-year Financial Statements – 31 December 2017

Directors’ Declaration

In the directors’ opinion:

• (a) The financial statements comprising the Statement of Comprehensive Income, Statement of Financial Position, Statement of Cash Flows, Statement of Changes in Equity and accompanying notes are in accordance with the Corporations Act 2001, including:

• (i) complying with Accounting Standard AASB 134: Interim Financial Reporting, the Corporations Regulations 2001 and other mandatory professional reporting requirements; and

• (ii) giving a true and fair view of the company and the consolidated entity’s financial position as at 31 December 2017 and of their performance, for the half-year ended on that date; and

• (b) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the directors.

D Somerville Chairman

Perth 21 February 2018

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Ernst & Young 11 Mounts Bay Road Perth WA 6000 Australia GPO Box M939 Perth WA 6843

Tel: +61 8 9429 2222 Fax: +61 8 9429 2436 ey.com/au

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Independent auditor's review report to the Directors of CI Resources Limited

Report on the half-year financial report

Conclusion

We have reviewed the accompanying half-year financial report of CI Resources Limited (the Company) and its subsidiaries (collectively the Group), which comprises the statement of financial position as at 31 December 2017, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration.

Based on our review, which is not an audit, nothing has come to our attention that causes us to believe that the half-year financial report of the Group is not in accordance with the Corporations Act 2001 , including:

• a) giving a true and fair view of the consolidated financial position of the Group as at 31 December 2017 and of its consolidated financial performance for the half-year ended on that date; and

• b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .

Directors’ responsibility for the half-year financial report

The directors of the Company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, anything has come to our attention that causes us to believe that the half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the Group’s consolidated financial position as at 31 December 2017 and its consolidated financial performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of the Group, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

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Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 .

Ernst & Young

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D A Hall Partner 21 February 2018

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

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