post-balance sheet events

post-balance sheet events

events occurring after the date of the annual BALANCE SHEET, that is, in the next ACCOUNTING PERIOD. Where events such as the outcome of a major legal trial or an important technological or market change have a significant effect upon the value of company ASSETS the BOARD OF DIRECTORS are required to spell out the financial implications of such events to shareholders in the Directors' Report in the ANNUAL REPORT AND ACCOUNTS.
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