Note 41 Events after the reporting period Events after the Balance Sheet date are those The Statement of Accounts was authorised for events, both favourable and unfavourable, that issue by the Chief Finance & Commissioning on 31 occur between the end of the reporting period May 2018. Events taking place after this date are and the date when the Statement of Accounts is not reflected in the financial statements or notes. authorised for issue. Two types of events can be Where events taking place before this date identified: provided information about conditions existing at 31 March 2018, the figures in the financial those that provide evidence of conditions statements and notes have been adjusted in all that existed at the end of the reporting material respects to reflect the impact of this period – the Statement of Accounts is information. It has been agreed that there are no adjusted to reflect such events, non-adjusting events after the Balance Sheet date. those that are indicative of conditions that arose after the reporting period – the Statement of Accounts is not adjusted to reflect such events, but where a category of events would have a material effect, disclosure is made in the notes, indicating the nature of the events and their estimated financial effect.
Note 41 Events after the reporting period Events after the Balance Sheet date are those events, both favourable and unfavourable, that occur between the end of the reporting period and the date when the Statement of Accounts is authorised for issue. Two types of events can be identified: those that provide evidence of conditions that existed at the end of the reporting period – the Statement of Accounts is adjusted to reflect such events, those that are indicative of conditions that arose after the reporting period – the Statement of Accounts is not adjusted to reflect such events, but where a category of events would have a material effect, disclosure is made in the notes, indicating the nature of the events and their estimated financial effect. The Statement of Accounts was authorised for issue by the Chief Finance & Commissioning on 31 May 2018. Events taking place after this date are not reflected in the financial statements or notes. Where events taking place before this date provided information about conditions existing at 31 March 2018, the figures in the financial statements and notes have been adjusted in all material respects to reflect the impact of this information. It has been agreed that there are no non-adjusting events after the Balance Sheet date.