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mobilised for 5 months. On the 1st of December 2023, Mr. Fall filed a lawsuit against the hospital for negligence, claiming damages for the injuries
mobilised for 5 months. On the 1st of December 2023, Mr. Fall filed a lawsuit against the hospital for negligence, claiming damages for the injuries sustained and loss of income suffered as a result of his fall. On 31 December 2023, the attorneys of Medihelp Limited reported that it is highly probable that Mr. Fall's claim against the company will be successful. However, they are uncertain about the amount of the damages that will be awarded and will gain a better understanding of the possible amount of damages after the court proceedings to be held on the 2nd of February 2024. Management has decided that there is not enough information at year-end to determine a reasonable estimate of the amount of the damages. REQUIRED: Discuss how the legal claim should be recognised, measured and disclosed in the annual financial statements of Medihelp Limited for the financial year ended 31 December 2023 in accordance with IAS 37 of the International Financial Reporting Standards
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