The following material information has arisen since the reporting date, but prior to the financial statements of TENTACLE for the year ended 31 March 2011 being authorised for issue: The notification of bankruptcy of a customer. The balance of the trade receivable due at 31 March 2011 was euro 23,000 and at the date of the notification it was euro 25,000. No payment is expected from the bankruptcy proceedings. Sales of some items of product W32 were made at a price of euro 5.40 each in April and May 2011. Sales staff received a commission of 15% of the sales price on this product. At 31 March 2011, TENTACLE had 12,000 units of product W32 in inventory included at cost of euro 6 each. TENTACLE is being sued by an employee who lost a limb in an accident while at work on 15 March 2011. The company is contesting the claim as the employee was not following the safety procedures that he had been instructed to use. Accordingly the financial statements contain a note of contingent liability of euro 500,000 for personal injury damages. In a recently decided case where a similar injury was sustained, a settlement figure of euro 750,000 was awarded by the court. Although the injury was similar, the circumstances of the accident in the decided case are different from those of TENTACLE'S case. TENTACLE is involved in the construction of a residential apartment building. It is being accounted for using the percentage of completion basis in IAS 11 Construction Contracts. The recognised profit at 31 March 2011 was euro 1.2M based on costs to date of euro 3M as a percentage of the total estimated costs of euro 6M. Early in May 2011, TENTACLE was informed that due to very recent industry shortages, building materials will cost euro 1.5M more than the estimate of total cost used in the calculation of percentage of completion. TENTACLE cannot pass on any additional costs to the customer. State and quantify how items (i)-(iv) above should be treated when finalising the financial statements of TENTACLE for the year ended 31 March 2011