On 29 November 2021, the Group’s 15% interest in KPMG Investments Malta Ltd. was sold to KPMG UK for a total consideration of EUR 4.6 million. As part of the external sale, certain non-compete warranties have been provided by the Company. During 2020/2021 the investment was classified as held for sale and had a value of nil.
As at 30 September 2022, no trade receivables were due from KPMG Investments Malta Ltd (30 September 2021: EUR 256).