Post balance sheet events disclosure: directors must report material subsequent events affecting company financial position to shareholders. Post balance sheet events materially affecting a company's financial position or of significant importance to shareholders should be disclosed in the directors' report or chairman's statement; such disclosure is required for material changes and commitments occurring after the balance sheet date (e.g., disposals of substantial undertakings, capital or revenue profits or losses, capital structure changes, major contracts, litigation awards, long term indebtedness alterations, asset catastrophes, tax refunds or assessment completions).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Post balance sheet events disclosure: directors must report material subsequent events affecting company financial position to shareholders.
Post balance sheet events materially affecting a company's financial position or of significant importance to shareholders should be disclosed in the directors' report or chairman's statement; such disclosure is required for material changes and commitments occurring after the balance sheet date (e.g., disposals of substantial undertakings, capital or revenue profits or losses, capital structure changes, major contracts, litigation awards, long term indebtedness alterations, asset catastrophes, tax refunds or assessment completions).
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