REG - MS International PLC - Half-year Report <Origin Href="QuoteRef">MSTL.L</Origin> - Part 3

MS InternationalAnnouncement

30/11/2017 07:05

- Part 3: For the preceding part double click  ID:nRSd9076Xb 

                                                                                                                                                                                                                                                                                                                                  deficit payments in the period of £159,000 (2016 - 
                                                                                                                                                                                                                                                                                                                                                  £154,000).                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                           
 11  Commitments and contingencies                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                           
     The Company is contingently liable in respect of guarantees, indemnities and performance bonds given in the ordinary course of business amounting to £2,410,677 at 28th October, 2017 (2016 - £5,504,107).                                                                                                                                 
     In the opinion of the directors, no material loss will arise in connection with the above matters.                                                                                                                                                                                                                                         
     The Group and certain of its subsidiary undertakings are parties to legal actions and claims which have arisen in the normal course of business.   The results of actions and claims cannot be forecast with certainty, but the directors believe that they will be concluded without any material effect on the net assets of the Group.  
                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
 
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