Limpopo Gambling Board Annual Report

LIMPOPO GAMBLING BOARD Annual Financial Statements for the year ended 31 March 2022 Accounting Policies

1.23 Events after reporting date (continued) The entity will disclose the nature of the event and an estimate of its financial effect or a statement that such estimate cannot be made in respect of all material non-adjusting events, where non-disclosure could influence the economic decisions of users taken on the basis of the financial statements. 1.24 Prior period error Prior period error are omissions from and misstatements in, the entity's financial statements for one or more prior periods arising from failure to use/ misuse of reliable information that: * was available when the financial statements for the period was issued, and * could have been reasonably expected to be taken into account in those financial statements.

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