Joel borehole drillers books shows the following accounting events that occurred after 30 November 2021 their reporting date, but before the authorisation of issue of financial statements.

I) The Directors of Joel drillers made a public announcement on 1 December 2021 of the organization 's official plan to discontinue one of their operations and this was approved by the Bosrd of Directors in September 2021.

Ii) Botswana life settled the insurance claim for a loss and damages sustained in August 2021.

Iii) The Botswana tax agent made a public announcement informing citizens and residents on the change in income tax rate. The announcement was after the company's reporting date, but this still affect the firm's current tax liability.

Required

State whether each of the above events are an adjusting or non adjusting event give reasons and explain their effects to the financial statements.