CERTYNEX IFRS ACADEMY

During the half-year, Merkan SA experienced the following events; whether each is significant to an understanding of the changes since the last annual report is indicated (case judgement). Which must the notes to the interim report explain? More than one answer is possible.

The settlement of a dispute with a former supplier for EUR 1,450,000 (judged significant in the case).

The replacement of two office computers for EUR 3,200, with no effect on the financial position (judged not significant in the case).

The update of the logo printed on invoices, with no financial effect (judged not significant in the case).

A write-down of inventories of EUR 2,100,000 after the loss of a major customer (judged significant in the case).

A default on the repayment of a loan, not remedied at the interim date (judged significant in the case).