Events after the reporting period means, the events that occurs between the end of the reporting period and the date that the financial statements are authorised for issue.
Listed below are the Non-adjusting events after the reporting period:
- Decline in the Mkt. value of the investments
- announcement of a plan to discontinue an operation or entering into binding agreements to sell.
- major purchases and disposals of assets
- destruction of a major production plant buy fire etc.
- a major business combination / disposal
- sale of a major subsidiary
- major dealings in the company's ordinary shares
- abnormally large changes in asset prices or foreign exchange rates
- changes in tax rates with a significant effect on current and deferred tax assets
- entering into significant commitments or contingent liabilities
- commencing major litigation.
- major restructuring
Dividends declared after the reporting date but before the date when the financial statements are authorised for issue cannot be recognised as a liability in the financial statements as at reporting date.
(c) Copyright 2008, Shreerang Ketkar, All rights reserved
