I have been advised by the scheme actuary that at 31 May 2010 the fair value of the pension assets was £2.08 million and the present value of pension obligations was £2.75 million at that date. We conducted an impairment review of goodwill at the end of our accounting period and estimated that goodwill arising on the acquisition of Dipper was worth £1.1 million. I have therefore debited £400,000 to other comprehensive income. No other adjustments were required to goodwill.
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