Crux group S/D 20

Something that requires disclosure e.g. directors' emoluments is material "by nature" - i.e. it must be disclosed regardless of monetary materiality. I don't have the question but if the cyberattack is an event after the reporting date, then it should be the criteria for reporting a non-adjusting event that determines whether it is required to be disclosed. I suggest that unless it will have a material effect on the financial statements in the following year, it will not merit the attention of the readers of the financial statements (and therefore would not be disclosed). But you don't just lose 35% of revenue when you close a division/sell a subsidiary (or whatever) - you also "lose" (i.e. save!) the related costs, etc. The impact on GP/OP is not the same amount a 35% of revenue. Indeed - to "lose" 35% of revenue by divesting a loss-making subsidiary could be a "good thing".