This excerpt taken from the ICI 6-K filed Aug 10, 2006.
Issues arising following the sale of the Quest Food Ingredients business
All issues raised by the Kerry Group PLC have now been resolved. This did not have a material effect on the Groups results of operations, cash flow or financial position.
The ultimate outcome of unresolved matters described above and in note 32 of the 2005 Annual Report and Accounts is subject to many uncertainties, including future events and the uncertainties inherent in litigation. The Group has made provision in its financial statements for such matters to the extent that losses are presently considered probable and estimable. However, these matters may involve substantial sums, and an unfavourable outcome of one or more of these matters could have a material effect on the Groups results of operations, cash flow or financial position.
Notes to financial statements
The comparative figures for the financial year ended 31 December 2005 are not the Companys statutory Group accounts for that financial year. Those accounts have been reported on by the Companys auditors and delivered to the Registrar of Companies. The report of the auditors was (i) unqualified, (ii) did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying their report, and (iii) did not contain a statement under section 237 (2) or (3) of the Companies Act 1985.