Question 4

The following events occurred after the year end, but before the financial statements were authorised for issue:

i. Enactment by the government of a revised tax rate affecting the amount of the settlement of the deferred tax liability included in the financial statements.

ii. A share split in respect of the earnings per share calculation.

iii. Criteria being met in order to classify non-current assets as held for sale.

iv. A material, but not fundamental, error arising in the comparative figures.

Required: In accordance with IAS 10: Events after the reporting period, explain with justification whether each of the above is an adjusting or a non-adjusting event after the reporting period.