The correct answers are: A fire in a warehouse which occurred shortly after the period-end; The decision by directors to take over another company shortly after the period-end; The issue of shares shortly after the period-end.

A fire in a warehouse which occurred shortly after the period-end, the decision by directors to take over another company shortly after the period-end and the issue of shares shortly after the period-end are all significant and should therefore be disclosed.

They do not reflect conditions which existed at the period-end and should not therefore be adjusted for.

A legal claim against the company which is likely to be successful which resulted from an event occurring before the period-end but which only came to light after the period-end provides evidence of a condition which existed at the period-end and the financial statements should therefore be adjusted for it.

The same is true of a valuation of a property shortly after the period-end which shows an impairment in the value of the property.