Financial reporting considerations following Cyclone Ditwah

Sri Lanka has recently experienced severe flooding and widespread damage caused by Cyclone Ditwah, underscoring the country’s heightened vulnerability to extreme weather events and the growing importance of disaster preparedness and resilience.

The direct impacts of physical damage and operational disruptions, together with indirect effects on key stakeholders and the broader economy, may give rise to important corporate reporting and disclosure considerations for organisations operating in affected areas.

This report presented the key areas of potential financial reporting impact and is intended to support management in assessing and addressing relevant reporting and disclosure matters in a timely and appropriate manner as they navigate the implications arising from this event.