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Credit card PPI

I had a reply from my PPI claim on my MONUMENT credit card. They have supplied the following numbers which I don't understand. Can somebody tell me how much I will be getting please. The letter states -

"Without admission of liability, and as a gesture of goodwill, we are prepared to adjust your account with the PBP fees and any default fees, plus compund interest at todays account interst rate of 29.55%, from the date of such fees, along with a compensation payment, as shown below -

Payment break plan chatges - 641.06
Default fe charges - 469.73
Account rate interest -8364.92
8% Statuatory compensation - 2976.15
*lesss income tac at 20% -595.23

Total adjustment to account - 11856.63

Does this mean I will be getting a cheque for 11856.63 quid ?

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