Events after the reporting date

Those events, both favourable and unfavourable, that occur between the reporting date and the date when the financial statements are authorised for issue. Two types of events can be identified:

  1. Those that provide evidence of conditions that existed at the reporting date (adjusting events after the reporting date); and
  2. Those that are indicative of conditions that arose after the reporting date (non-adjusting events after the reporting date).

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