Briefing FTSE 250 AUDITORS SURVEY

accountancy may 2013 Briefing

who audits who? ftse 250 auditors survey

Company name Auditor Audit Audit- Non- Total Audit Total fee Year end Audit £000 fee 2012 related audit 2012 fee 2011 2011 tenure fee 2012 fee 2012 3i Group E&Y 1,900 100 700 2,700 1,700 2,400 31/03/2012 1994 3i Infrastructure E&Y 240 – 17 257 210 225 31/03/2012 2007 888 Holdings BDO 263 – 66 329 329 395 31/12/2012 2003 AZ Electronic Materials Deloitte 526 66 329 921 592 1,513 31/12/2012 2010 Aberforth Smaller Companies Tst PwC 21 0 5 26 20 22 31/12/2012 2012 Afren Deloitte 446 161 338 498 374 971 31/12/2011 2005 African Barrick Gold PwC 582 237 214 1,034 646 1,013 31/12/2012 2010 Alent 1 KPMG – – – – – – 31/12/2011 2012 Alliance Trust 2 Deloitte 174 23 82 279 172 286 31/12/2012 2011 Amlin PwC 1,338 – 370 1,707 998 1,475 31/12/2011 2009 Anite Deloitte 222 – 141 363 220 270 30/04/2012 2002 Ashmore Group KPMG 400 – 500 900 200 600 30/06/2012 2006 Ashtead Group Deloitte 598 91 215 891 585 813 30/04/2012 2004 Atkins (WS) PwC 1,200 – 900 2,100 1,200 3,200 31/03/2012 1996 Aveva Group E&Y 438 – 368 806 462 598 31/03/2012 2003 BBA Aviation Deloitte 1,316 – 197 1,513 1,316 1,579 31/12/2012 2002 BH Global KPMG 23 – 49 72 22 56 31/12/2012 2008 BH Macro KPMG 23 – 45 68 22 67 31/12/2012 2007 BTG KPMG 418 50 46 512 448 1,329 31/03/2012 1992 Balfour Beatty Deloitte 5,100 500 2,300 7,900 5,100 6,400 31/12/2012 1978 Bank of Georgia Holdings 3 E&Y – – – – – – 31/12/2011 2012 Bankers Investment Trust PwC 27 – 1 28 25 27 31/10/2012 1997 Barr (AG) KPMG 80 19 52 151 77 193 31/01/2012 2010 Barratt Developments Deloitte 300 50 378 728 300 554 30/06/2012 2007 Beazley KPMG 1,100 400 300 1,800 1,100 1,600 31/12/2012 1999 Bellway KPMG 226 4 43 273 210 259 31/07/2012 1981 Berendsen 4 PwC 900 – 200 1,100 1,000 1,300 31/12/2012 2006 Berkeley Group Holdings PwC 275 50 1,124 1,449 145 868 30/04/2012 1985 Betfair Group KPMG 700 63 516 1,279 675 1,722 30/04/2012 2003 Big Yellow Group Deloitte 167 – 152 319 165 323 31/03/2012 2000 BlackRock World Mining Trust E&Y 39 6 – 45 23 29 31/12/2012 2000 Bluecrest Allblue Fund E&Y 17 – – 17 15 15 31/12/2011 2006 Bodycote Deloitte 700 – 100 800 600 800 31/12/2012 2002 Booker Group KPMG 300 – 200 500 300 400 30/03/2012 2005 Bovis Homes Group KPMG 144 – 65 209 151 217 31/12/2012 1997 Brewin Dolphin Holdings Deloitte 250 85 138 473 265 432 30/09/2012 2002 British Empire Sec & General Tst E&Y 25 – 23 48 23 40 30/09/2012 2004 Britvic E&Y 600 – 2,700 3,300 600 1,000 30/09/2012 2006 Brown (N) Group Deloitte 200 – 400 600 200 1,000 03/03/2012 2003 Bumi PwC 1,382 592 6,711 8,684 66 2,697 31/12/2011 2011 Bwin Party Digital Entertainment BDO 427 – 171 598 427 1,197 31/12/2011 2005 CSR Deloitte 663 29 1,872 2,564 490 778 31/12/2011 2002 Cable & Wireless Communications KPMG 2,566 395 329 3,289 2,237 3,618 31/03/2012 1991 Cairn Energy 5 E&Y 647 – 176 823 834 1,319 31/12/2011 2013 Caledonia Investments6 KPMG 100 – 300 100 300 600 30/03/2012 2011

Notes Data as at: 31/03/2013 FTSE 250 1 First annual report due April 2013 following 5 2012 annual report due 16 April, will Index constituents demerger from Cookson announce PwC to take over  Reported in US$ 2 Deloitte replaced KPMG at AGM 2011 6 Deloitte resigned October 2011  Reported in euros 3 Annual report due 11 April 2013 Exchange rates £: US$1.52, e1.17 4 Pre 2006 joint audit with BDO

www.accountancylive.com briefing may 2013 accountancy

Company name Auditor Audit Audit- Non- Total Audit Total fee Year end Audit £000 fee 2012 related audit 2012 fee 2011 2011 tenure fee 2012 fee 2012 Capital & Counties Properties PwC 300 100 – 400 300 500 31/12/2012 2010 Carillion KPMG 1,200 100 400 1,700 1,100 2,000 31/12/2012 1999 Carpetright PwC 200 – – 200 300 300 28/04/2012 2005 Catlin Group PwC 2,071 – 70 2,141 1,484 1,506 31/12/2012 1999 Centamin Deloitte 152 – 424 576 118 150 31/12/2011 2003 Chemring Group Deloitte 800 100 300 1,200 800 1,300 30/10/2012 1974 City of London Investment Trust PwC 27 – – 27 27 27 30/06/2012 2008 Close Brothers Group Deloitte 1,300 100 500 1,900 1,200 2,700 31/07/2012 1984 Cobham PwC 2,000 – 1,100 3,100 1,900 3,400 31/12/2012 1980 Colt Group PwC 1,900 – 300 2,200 1,700 2,600 31/12/2012 1992 Computacenter E&Y 541 12 183 736 431 557 31/12/2011 1998 Cranswick E&Y 151 – 203 354 147 265 31/03/2012 1972 Daejan Holdings KPMG 372 15 49 436 351 351 31/03/2012 1960 Dairy Crest Group E&Y 400 – 300 700 400 800 31/03/2012 1996 De La Rue KPMG 600 – 300 900 600 900 31/03/2012 2006 Debenhams PwC 300 – 100 400 300 400 01/09/2012 2006 Dechra Pharmaceuticals KPMG 275 29 769 1,073 227 1,087 30/06/2012 1998 Derwent London BDO 400 – – 400 300 300 31/12/2011 1984 Devro PwC 265 23 284 572 273 526 31/12/2012 1991 Dexion Absolute KPMG 45 – – 45 35 35 31/12/2011 2002 Dialight KPMG 164 31 131 326 150 297 31/12/2012 2001 Dignity PwC 200 – 600 800 200 1,700 31/12/2011 2002 Diploma Deloitte 300 – 13 313 300 321 30/09/2012 2008 Direct Line Insurance Group7 Deloitte 1,500 300 4,200 6,000 1,500 3,500 31/12/2012 2000 Dixons Retail Deloitte 1,100 200 200 1,500 1,100 1,300 28/04/2012 2002 Domino Printing Sciences Deloitte 380 32 220 632 377 570 31/10/2012 1985 Dominos Pizza Group E&Y 181 16 – 197 145 161 30/12/2012 2000 Drax Group Deloitte 325 61 81 467 300 538 31/12/2012 2005 Dunelm Group KPMG 75 74 149 72 115 30/06/2012 2002 Edinburgh Dragon Trust KPMG 16 5 – 21 20 24 31/08/2012 1987 Edinburgh Investment Trust KPMG 23 – 7 30 22 29 31/03/2012 1972 Electra Private Equity PwC 213 – 63 276 215 310 30/09/2012 1992 Electrocomponents KPMG 800 100 900 700 900 31/03/2012 1989 Elementis KPMG 461 66 526 1,053 395 789 31/12/2012 2004 EnQuest E&Y 173 51 601 825 243 765 31/12/2011 2010 Enterprise Inns E&Y 165 119 284 200 388 30/09/2012 1991 Essar Energy Deloitte 1,316 658 1,579 3,553 1,053 3,421 31/03/2012 2010 Euromoney Institutional Investors Deloitte 779 136 915 761 901 30/09/2012 1998 F&C Asset Management KPMG 800 100 400 1,300 800 1,200 31/12/2011 2006 F&C Commercial Property Trust KPMG 60 14 74 59 72 31/12/2012 2005 Fenner PwC 0 – 162 162 0 100 31/08/2012 1990 Ferrexpo E&Y 1,045 – 311 1,357 951 1,286 31/12/2012 2006 Fidelity China Special Situations GT 25 – 2 27 33 57 31/03/2012 2011 Fidelity European Values GT 21 – – 20 20 21 31/12/2012 2006 Fidessa Group KPMG 183 40 77 300 191 349 31/12/2012 1996 Filtrona KPMG 800 600 1,400 800 1,200 31/12/2012 2005 FirstGroup Deloitte 1,500 300 100 1,900 1,500 2,000 31/03/2012 1999 Fisher (James) & Sons KPMG 400 125 525 442 758 31/12/2011 2008 Foreign & Colonial Investment Trust PwC 74 18 12 104 71 112 31/12/2012 1985** Galliford Try PwC 500 – 200 700 500 600 30/06/2012 2001 Genesis Emerging Markets Fund PwC 44 – – 44 32 32 30/06/2012 2011 Genus Deloitte 500 – 600 1,100 500 1,000 30/06/2012 2006 Go-Ahead Group E&Y 500 – 500 1,000 600 800 30/06/2012 1991 Grainger PwC 259 – 432 691 268 585 30/09/2012 1983

www.accountancylive.com accountancy may 2013 Briefing

Company name Auditor Audit Audit- Non- Total Audit Total fee Year end Audit £000 fee 2012 related audit 2012 fee 2011 2011 tenure fee 2012 fee 2012 Great Portland Estates Deloitte 127 30 53 210 123 158 31/03/2012 2003 Greene King E&Y 300 – – 300 300 300 29/04/2012 1997 Greggs KPMG 157 3 83 243 183 334 31/12/2011 1969 HICL Infrastructure KPMG 200 – – 200 200 200 31/03/2012 2007 Halfords Group KPMG 224 15 88 327 214 422 31/03/2012 2010 Halma Deloitte 660 – 210 870 653 904 31/03/2012 2003 Hansteen Holdings Deloitte 344 47 427 818 314 595 31/12/2011 2006 Hays Deloitte 800 – 200 1,000 1,000 1,300 30/06/2012 1988 Henderson Group E&Y 1,100 – 600 1,700 1,200 1,600 31/12/2012 2003 Herald Investment Trust E&Y 19 – – 19 18 18 31/12/2012 1994 Heritage Oil KPMG 174 – 47 221 182 198 31/12/2011 2003 Hikma Pharmaceuticals Deloitte 756 305 1,396 2,457 649 3,299 31/12/2011 2005 Hiscox KPMG 911 129 21 1,061 908 1,048 31/12/2012 1989 Hochschild Mining E&Y 850 103 200 1,153 822 1,171 31/12/2011 2006 Home Retail Group PwC 900 – 400 1,300 800 1,200 31/03/2012 2006 Homeserve Deloitte 209 42 627 878 167 374 31/03/2012 2004 Howden Joinery Group Deloitte 300 100 300 700 300 700 31/03/2012 2002 Hunting PwC 1,400 100 1,100 2,600 1,400 4,200 31/12/2012 1989 ICAP PwC 3,400 1,100 500 5,000 3,600 6,100 31/03/2012 1999 IG Group Holdings PwC 288 121 1,099 1,508 279 1,127 31/05/2012 2010 IP Group BDO 103 17 163 283 107 219 31/12/2011 2004 ITE Group Deloitte 280 34 75 389 242 356 30/09/2012 2012 Imagination Technologies Group KPMG 78 – 2 80 83 137 30/04/2012 1994 Inchcape PwC 2,000 100 1,300 3,400 2,000 3,600 31/12/2011 1985 Informa Deloitte 1,300 100 100 1,500 1,200 1,600 31/12/2011 2004 Inmarsat Deloitte 1,100 100 1,800 3,000 1,100 3,900 31/12/2011 2006 Intermediate Capital Group Deloitte 500 – 300 800 400 600 31/03/2012 1989 International Personal Finance 8 Deloitte 400 – – 400 400 800 31/12/2012 2011 International Public Partnership 9 E&Y 385 44 – 429 415 623 31/12/2011 2011 Interserve Deloitte 800 100 500 1,400 800 1,100 31/12/2011 1989 Intu Properties PwC 338 40 68 446 350 1,362 31/12/2012 1998 Invensys E&Y 3,400 300 2,400 6,100 3,900 6,400 31/03/2012 1999 Investec 10 E&Y 6,114 1,740 1,541 9,395 6,197 8,708 31/03/2012 2010 JP Morgan American Inv Trust Deloitte 20 – 8 28 21 29 31/12/2012 2006 JP Morgan Emerging Mkts Inv Trust PwC 27 – 1 28 27 28 30/06/2012 1997 JP Morgan Indian Inv Trust Deloitte 28 – 9 37 28 36 30/09/2012 2002 Jardine Lloyd Thompson Group PwC 1,763 172 347 2,282 1,853 2,350 31/12/2012 1992 John Laing Infrastructure Fund Deloitte 355 40 100 495 216 386 31/12/2012 2010 Jupiter Fund Management 11 PwC 400 100 200 700 400 800 31/12/2012 2001 KCOM Group PwC 208 20 59 287 208 455 31/03/2012 2006 Kazakhmys 12  E&Y 1,579 329 329 2,237 1,513 2,303 31/12/2011 2012 Keller Group13 KPMG 1,000 – 400 1,400 1,000 1,300 31/12/2012 1990 Kenmare Resources14 Deloitte 82 51 16 149 74 563 31/12/2011 1997 Kentz Corporation 15 BDO 151 – 372 523 138 523 31/12/2011 2012 Kier Group KPMG 800 – 100 900 800 1,100 30/06/2012 1991 Ladbrokes E&Y 600 100 600 1,300 800 1,500 31/12/2012 1979 Laird E&Y 1,100 – 1,200 2,300 1,000 2,800 31/12/2012 1989 Lancashire Holdings  E&Y 724 – 197 921 855 921 31/12/2012 2005 Law Debenture Corp BDO 127 6 6 139 122 132 31/12/2012 2008

Data as at: 31/03/2013 FTSE 250 Index 7 2000 as subsidiary of RBS 12 KPMG replaced E&Y in 2012 constituents 8 Deloitte replaced PwC in 2011 13 Annual report due 12 April 2013  Reported in US$ 9 E&Y replaced Deloitte in 2011 14 Inc fees for KPMG audit of subsidiaries  Reported in euros 10 KPMG audit of subsidiaries £2.1m 15 BDO paid £230,000 for move to full Exchange rates £: US$1.52, e1.17 11 Audit goes to tender 2013 listing, PwC took over audit in 2012

www.accountancylive.com briefing may 2013 accountancy

Company name Auditor Audit Audit- Non- Total Audit Total fee Year end Audit £000 fee 2012 related audit 2012 fee 2011 2011 tenure fee 2012 fee 2012 LondonMetric Property BDO 155 – 32 187 192 721 31/03/2012 2010 Lonmin KPMG 724 132 263 1,118 724 1,382 30/09/2012 2000 MITIE Group Deloitte 429 – 273 702 675 1,088 31/03/2012 1987 Man Group PwC 2,432 439 1,559 4,430 4,118 5,225 31/12/2012 1996 Marston’s PwC 300 100 - 400 300 700 29/09/2012 1963 Menzies (John) E&Y 500 – 700 1,200 500 1,000 31/12/2011 2009 Mercantile Investment Trust PwC 36 – 2 38 36 37 31/01/2012 1997 Merchants Trust PwC 28 – 4 32 28 32 31/01/2012 1997 Michael Page International 16 E&Y 405 – 270 675 530 814 31/12/2012 2011 Micro Focus International PwC 523 – 272 795 507 554 30/04/2012 2005 Millennium & Copthorne Hotels KPMG 1,700 – 800 2,500 1,600 2,200 31/12/2011 1996 Mitchells & Butlers Deloitte 300 – 100 400 300 600 29/09/2012 2011 Mondi Deloitte 3,333 171 256 3,761 2,821 3,504 31/12/2012 2007 Moneysupermarket.com Group KPMG 170 – 819 989 153 746 31/12/2012 2004 Monks Investment Trust PwC 22 – 1 23 21 30 30/04/2012 1997 Morgan Crucible Co17 KPMG 2,100 100 200 2,400 2,100 2,400 31/12/2012 2001 Murray Income Trust E&Y 19 – 4 23 19 19 30/06/2012 2000 Murray International Trust E&Y 23 – 26 49 22 75 31/12/2012 2000 NB Global Floating Rt Income Fund 18 PwC 85 – 81 166 – – 31/12/2011 2011 NMC Health 19 E&Y – – – – – – 31/12/2011 2012 National Express Group Deloitte 900 – 300 1,200 900 900 31/12/2012 2011 New World Resources KPMG 615 346 168 1,130 600 1,396 31/12/2012 2008 Ocado Group PwC 198 – 49 247 209 228 02/12/2012 2001 Ophir Energy 20 E&Y 158 – 1,800 1,958 235 370 31/12/2011 2005 Oxford Instruments KPMG 390 – 162 552 310 354 31/03/2012 1985 PZ Cussons PwC 600 – 500 1,100 600 1,200 31/05/2012 2007 Pace KPMG 395 – 132 526 526 855 31/12/2012 1996 Paragon Group of Companies Deloitte 460 40 574 1,074 450 750 30/09/2012 1986 Paypoint Deloitte 147 22 96 265 135 292 25/03/2012 2001 Pennon Group PwC 446 76 1,046 1,568 400 1,815 31/03/2012 2006 Perform Group GT 167 29 332 528 98 1,082 31/12/2012 2007 Perpetual Income & Growth Inv Tr Deloitte 25 – 4 29 24 32 31/03/2012 1997 Persimmon KPMG 149 50 128 327 172 232 31/12/2012 1995 Personal Assets Trust E&Y 14 – 12 26 15 28 30/04/2012 2000 Petra Diamonds BDO 329 – 66 395 263 329 30/06/2012 2006 Petropavlovsk 21 Deloitte 820 218 141 1,179 872 3,039 31/12/2011 2009 Phoenix Group Holdings E&Y 3,100 500 4,000 7,600 3,400 6,700 31/12/2012 2009 Playtech BDO 292 – 397 690 230 573 31/12/2011 2006 Polar Capital Technology Trust PwC 30 – 6 36 32 57 30/04/2012 1997 Premier Farnell PwC 700 400 1,100 700 1,100 29/02/2012 1997 Premier Oil Deloitte 526 100 658 1,250 395 592 31/12/2011 2004 Provident Financial Deloitte 300 – 100 400 300 400 31/12/2011 2012 Qinetiq Group KPMG 900 – 100 1,000 900 1,100 31/03/2012 2003 RIT Capital Partners PwC 200 – 200 400 200 200 31/03/2012 1987 RPC Group KPMG 800 – 500 1,300 900 1,700 31/03/2012 1999 RPS Group 22 Deloitte 334 25 268 627 330 425 31/12/2012 2012 Rank Group E&Y 400 – 900 1,300 300 500 30/06/2012 2010 Rathbone Brothers KPMG 323 – 282 605 370 748 31/12/2011 2009 Redrow PwC 100 – 100 200 200 200 30/06/2012 1993 Regus KPMG 1,600 – 1,600 1,500 1,700 31/12/2012 1975 Renishaw KPMG 285 – 306 591 257 696 30/06/2012 1975 Rentokil Initial KPMG 2,600 400 200 3,200 2,500 3,500 31/12/2011 2009 Restaurant Group Deloitte 150 – 301 451 147 289 31/12/2011 2006 Rightmove KPMG 113 – 15 128 116 127 31/12/2011 2000

www.accountancylive.com accountancy may 2013 Briefing

Company name Auditor Audit Audit- Non- Total Audit Total fee Year end Audit £000 fee 2012 related audit 2012 fee 2011 2011 tenure fee 2012 fee 2012 Rotork KPMG 388 – 96 484 378 521 31/12/2012 1968 SDL KPMG 275 – 240 515 258 406 31/12/2011 2010 SIG Deloitte 1,200 – 200 1,400 1,200 1,300 31/12/2011 2005 SVG Capital E&Y 191 6 159 356 225 355 31/12/2012 2000 Salamander Energy Deloitte 396 47 127 570 355 1,470 31/12/2011 2006 Savills 23 PwC 1,100 – 400 1,500 1,000 1,300 31/12/2011 2000 Scottish Investment Trust Deloitte 2,971 – 49 3,020 2,721 2,786 31/10/2012 2003 Scottish Mortgage Investment Trust KPMG 23 – 1 24 22 23 31/03/2012 1994 Segro Deloitte 600 100 200 900 700 1,200 31/12/2012 2007 Senior Deloitte 600 – 500 1,100 600 1,000 31/12/2012 2000 Shaftesbury 24 PwC 134 19 150 303 119 345 30/09/2012 1987 Smith (DS) Deloitte 900 – 1,300 2,200 1,400 2,900 30/04/2012 2006 Soco International Deloitte 142 53 90 143 100 179 31/12/2011 2002 Spectris KPMG 1,600 100 700 2,400 1,700 2,700 31/12/2012 1998 Spirax-Sarco Engineering KPMG 1,209 54 524 1,787 1,076 1,827 31/12/2012 1958 Spirent Communications E&Y 526 – 263 789 526 592 31/12/2012 1971 Sports Direct International GT 740 – 364 1,104 725 1,089 30/04/2012 2005 St James Place PwC 300 – 200 500 300 500 31/12/2011 2009 St Modwen Properties Deloitte 255 55 388 698 247 648 30/11/2012 2007 Stagecoach Group PwC 830 – 232 1,063 820 851 30/04/2012 2002 SuperGroup PwC 200 – 500 700 200 1,200 30/04/2012 2010 Synergy Health KPMG 377 18 40 435 362 438 30/04/2012 2006 Synthomer PwC 601 34 136 771 416 1,202 31/12/2012 2002 TR Property Investment Trust E&Y 108 – 18 126 103 108 31/03/2012 1965 TalkTalk Telecom Group Deloitte 700 – 300 1,000 800 1,000 31/03/2012 2003 Taylor Wimpey Deloitte 400 – 300 700 400 1,600 31/12/2012 2008 Ted Baker KPMG 110 18 225 353 85 125 31/01/2013 2000 Telecity Group PwC 290 88 106 484 271 805 31/12/2012 2008 Telecom Plus PKF 86 – 114 200 83 173 31/03/2012 2000 Temple Bar Investment Trust E&Y 28 – 7 35 25 25 31/12/2012 2003 Templeton Emerging Markets Inv Tr Deloitte 26 4 – 30 26 30 31/03/2012 2009 Thomas Cook Group PwC 2,700 300 3,000 6,000 2,600 5,200 30/09/2012 2008 Travis Perkins Deloitte 401 107 192 700 364 1,093 31/12/2011 1980 Tullett Prebon Deloitte 1,961 34 177 2,172 1,900 2,109 31/12/2011 2006 UBM E&Y 1,100 – 300 1,400 1,000 1,400 31/12/2011 2002 UK Commercial Property Trust E&Y 49 – 182 231 43 100 31/12/2011 2006 Ultra Electronics Holdings Deloitte 685 – 194 879 592 870 31/12/2012 2002 Unite Group KPMG 200 – 400 600 300 600 31/12/2011 1998 United Drug KPMG 420 – 145 565 425 620 30/09/2012 1992 Utilico Emerging Markets 25 GT 37 – 37 74 33 46 31/03/2012 2013 Vesuvius 26 KPMG 2,500 – 400 2,900 2,800 3,700 31/12/2011 2012 Victrex KPMG 200 – 200 200 200 30/09/2012 1993 WH Smith Deloitte 300 – 100 400 300 400 31/08/2012 1975 Wetherspoon (JD) PwC 156 – 93 249 150 283 31/07/2012 1992 William Hill Deloitte 400 100 400 900 300 600 31/12/2012 1989 Witan Investment Trust Deloitte 51 – 69 120 52 54 31/12/2012 1997 Workspace Group PwC 153 32 428 613 151 310 31/03/2012 1987 Worldwide Healthcare Trust E&Y 26 – 11 37 24 28 31/03/2012 2000 Total 154,620 14,795 93,693 262,170 152,624 260,931

Data as at 31/03/2013 FTSE 250 Index 16 Deloitte auditor for 2010 22 E&Y former auditor constituents 17 Retendered 2007 23 Last tendered in 2000 Where audit tenure not provided, Competition 18 Company incorporated March 2011 24 Last tendered in 2010 Commission data used. 19 Annual report due 2 April, IPO 2012 25 KPMG took over audit in 2012 When Arthur Andersen was dissolved, firms 20 Fees for 2011 include IPO 26 Demerged from Cookson Dec 2012 inherited audits; treated as new audit tenure. 21 2009 when company moved to full listing