Kapana Limited operates various tasty meat food outlets in Namibia. The company's tinancial reporting period ends On 31 August 2023 and the financial statements vil be authoriestor Issue on 12 October 2023. The financial director asked for your assistance with disciosinetie following matter: Con i4 septetriber 2023 the company s blegest retal store, which is stunted at Grove Mill, Was burned down by protesting ex employees. The company was not insured for this lost *he total value of inventory lostin the fire amounted to N5180 000, this atmount is considered material. REQUIRED: a. Define events after the reporting period. b. Based on the information provided above, disclose the "Events after the reporting period* note in the financial statements of Kapana