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    • Profile photo of John Moffat says

      Yes, that is correct (provided, of course, that is is classed as “virtually certain”) :-)
      (although in F3, you are unlikely to be asked for the entry – you will just be tested on the rules as to whether you recognise, disclose as a note, or do nothing :-) )

    • Profile photo of John Moffat says

      The reason is that it is virtually certain that they will have to pay for some warranty claims.
      (The only relevance of the 5% is that they would probably use this to estimate the amount needed for the provision)

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