A special kind of risk: financial records destroyed by fire

ALL right, folks, it has been a nice five-year stretch, but it's time to reset the clock for days-without-accidents-that-destroy-financial-documents.

Yamada Green Resources, the Fujian, China-based mushroom producer, announced this week that a transport vehicle had gone up in flames on Aug 30 while ferrying financial documents and computing equipment.

The company said that a large part of its fiscal 2017 and 2018 financial documents for subsidiaries and part of the FY2010 to FY2016 financial documents for subsidiaries are likely to have been affected or destroyed by the fire. The documents included payment and receiving vouchers, invoices and bank advice, as well as back-ups stored on computer equipment.