2.2 XYZ LIMITED is in the process of issuing its financial statements for the year ended 30 June 2020. In a meeting of Board of Directors held on 31 August 2020, the directors authorized the issue of financial statements to shareholders. Consider the impact (if any) of the following events after the reporting period on the financial statements of XYZ LIMITED for the year ended 30 June 2020 assuming they have not already been accounted for: 2.2.5 On 24 July 2020, a major earthquake disrupted the entire operations of XYZ LIMITED. The Company suffered great loss due to the damage caused to its factories and other business premises. The Company's insurance policy does not cover the risk of loss arising from natural disasters. The Company does not have sufficient internal funds or the availability of external finance to rebuild the infrastructure necessary for it to resume its business operations. Consequently, XYZ LIMITED is unlikely to operate as a going concern in the foreseeable future. How will the change in going concern status of XYZ LIMITED be reflected in its financial statements for the year ended 30 June 2020? (2)