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What Are Legacy Issues In Respect Of A Company Report ?

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Sweed73 | 15:10 Mon 12th Aug 2013 | Law
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Hibu have just release their results. Firstly they have shown costs of 222M for paying legacy issues ? What are legacy issues ?
Secondly they have gone ahead with restructuring without any audited results ? Is this normal ?
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Avatar Image Peter Pedant
Legacy issues are things they have inherited from take overs and acquisitions of other companies - that is they have taken on liabilities they were not able to minimise.

They can restructure whenever they like.

[not a great stock-picker - you can perhaps see why]
15:13 Mon 12th Aug 2013
Avatar Image Sweed73
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Would it be a reasonable request as a shareholder to be provided with a detailed explanation of what the legacy issues are ?
15:16 Mon 12th Aug 2013
Avatar Image Peter Pedant
yes - I am not sure how

write or ask at a shareholders meeting (or do both)
15:19 Mon 12th Aug 2013
Avatar Image factor-fiction
I would have thought there would be a breakdown or at least a description of the main elements in the notes to the accounts. Have you looked through the whole report or just the summary figures
16:17 Mon 12th Aug 2013

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