CERTYNEX IFRS ACADEMY

Hennevane is in dispute with a competitor; publishing its estimate of the financial effect could, in this extremely rare case, seriously prejudice its position in the ongoing negotiation. What may it do?

Publish nothing at all about the dispute.

Omit the estimate, stating the general nature of the dispute, the omission and the reason for it.

Publish the estimate in a separate, unaudited document.

Replace the estimate with a deliberately understated amount.