Are indicative of conditions that arose after the end of the reporting period?
Key statements of financial position sheet items and related disclosures that have been impacted by COVID-19 were as follows: Show Trading assets, trading liabilities and financial investments Derivative assets and liabilities Held for sale assets and liabilities Loan assets, due from subsidiaries and other assets Property, plant and equipment and right-of-use assets Interest in associates and joint ventures, investments in subsidiaries and interests in unconsolidated structured entities Intangible assets Debt issued and loan capital Hedge accounting Risk management When after the end of the reporting period an event occurs that is indicative?— According to PAS 10, paragraph 3, non-adjusting event is an event after the reporting period that is indicative of a condition that arose after the end of the reporting period.
What is end of reporting period?Reporting period end date means the last day of the last month in a reporting period.
When an entity changes the end of its reporting period?When an entity changes the end of its reporting period and presents financial statements for a period longer or shorter than one year, an entity shall disclose, in addition to the period covered by the financial statements: the reason for using a longer or shorter period, and.
What is event after reporting date?Events after the reporting date are all events, both favorable and unfavorable, that occur between the reporting date and the date when the financial statements are authorized for issue, even if those events occur after the publication of an announcement of the surplus or deficit, the authorization of the financial ...
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