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Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less. Read more about 23. Cash and cash equivalents .

Ordinary, ordinary voting and preference shares are classified as equity. On March 27 2023, 1,775,833,402 shares were issued and on 1 August 2023, additional 837,346 shares were issued. Read more about 24. Equity .

The share-based payment plan is classified as an equity-settled plan since TMF Group does not have an obligation to repurchase the shares or otherwise settle in cash. Read more about 25. Share-based payment .

The reconciliation of the movements in reserves is as follows: Read more about 26. Reserves .

Loans and borrowings are recognised initially at fair value, net of transaction costs incurred. Loan and borrowings are subsequently carried at amortised cost. Read more about 27. Loans and borrowings .

Provisions are recognised when TMF Group has a present legal or constructive obligation as a result of past events, then it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably Read more about 28. Provisions .

TMF Group has defined retirement benefit obligations of minor importance in Switzerland. Minor retirement benefit obligations are present in some other countries. Read more about 29. Retirement benefit obligations .

In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of TMF Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Read more about 3. Material accounting judgements, estimates and assumptions .

Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. Read more about 30. Trade and other payables .

As at 31 December 2023, capital expenditure for the acquisition of property, plant and equipment contracted for at balance sheet date but not yet incurred amounted to €0 million. Read more about 31. Commitments .