Nonetheless, if the event is material—that is, it could influence the economic decisions made by users of the financial statements—an entity must disclose the nature of the event and an estimate of its financial effect (or state that such an estimate cannot be made). Examples of material non-adjusting events include a major acquisition or disposal of an asset of subsidiary, discontinuing an operation, destruction of a major production plant by fire, announcement or implementation of a major restructuring and commencing major litigation arising solely out of events that occurred after the reporting period. Dividends declared after the reporting period shall also not be recognised as a liability at the end of the reporting period because no obligation exists at that time. If an entity's management decides after the reporting period to liquidate the entity or to cease trading, or that it has no alternative but to do so—the entity is no longer a going concern—IAS 16 considers this effect so pervasive that a fundamental change in basis of accounting would be required. In such instances, an entity shall not prepare its financial statements on a going concern basis.