Fiven Annual Report 2020

Contingent liabilities and assets Contingent liabilities are not recognized in the annual accounts. Significant contingent liabilities are disclosed, with the exception of contingent liabilities that are unlikely to be incurred. Contingent assets are not recognized in the annual accounts but are disclosed if there is a certain probability that a benefit will be received. Events after the reporting period New information on the company’s financial position on the end of the reporting period which becomes known after the reporting period is recorded in the annual accounts. Events after the reporting period that do not affect the company’s financial position at the end of the reporting period, but will affect the company’s financial position in the future, are disclosed if significant. Fiven Annual Report 2020 Financial statements   39