In this model we have Esure. Esure is the group parent and it owns Go Compare. Go Compare is to be spun off from its parents and separately listed. What we're going to do here is firstly adjust the group balance sheet for the new debt and dividend.

That debt was 75, so that was our subsidiary taking on 75. And then a dividends paid up to the parent of 65.3. But we're just gonna look at it from the group's perspective first.

So underneath we have our parent or group being Esure. Those figures include the figures for Go Compare, and what we need to find is Isha figures post step one. So I'll start that by taking Esures figures plus the adjustments that we'll make. And I'm gonna copy that down so it's in line with any of the blue figures underneath. And there are quite a few, any subtotals we have are copied across.

So from the group's perspective, what's happened? Well, we've taken on some debt, which has meant more cash sitting in our bank account. That was 75.

So cash goes up and long-term debt goes up.

But we also had a dividend paid of 65.3 that went from the subsidiary to the group of parents. That's purely an internal transfer. So if Isha, as the group includes all of Go Compare, we've just had a transfer from Go Compare to Esure, so we won't see it in ASHA's group figures. So step one, which was to record the debt and.