Non-adjusting events must not change recognised amounts; disclose nature and estimated financial effect when material. Non-adjusting events after the reporting period are events arising after the balance sheet date for which no condition existed at that date; entities must not adjust recognised amounts for such events. Examples include post-period fair value declines, business combinations after the reporting date, major litigation arising from post-period acts, asset destruction by fire, and entering significant commitments after the reporting date. For each material non-adjusting event, disclose the nature of the event and an estimate of its financial effect or a statement that an estimate cannot be made.