COMPLIANCE REPORT on Bas & Bfrs

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COMPLIANCE REPORT ON BAS & BFRS SL No. BAS Title BAS Effective Date Remarks BAS-01 Presentation on Financial Statements Adopted on or after 01.01.07 Applied BAS-02 Inventories Adopted on or after 01.01.07 N/A BAS-07 Statement of Cash Flows Adopted on or after 01.01.99 Applied BAS-08 Accounting Policies, Changes in Accounting Estimates and Errors Adopted on or after 01.01.07 Applied BAS-10 Events after the balance sheet Date Adopted on or after 01.01.07 Applied BAS-11 Construction Contract Adopted on or after 01.01.99 N/A BAS-12 Income Taxes Adopted on or after 01.01.99 Applied BAS-16 Property, Plant & Equipment Adopted on or after 01.01.07 Applied BAS-17 Leases Adopted on or after 01.01.07 N/A BAS-18 Revenue Adopted on or after 01.01.07 Applied BAS-19 Employee Benefits Adopted on or after 01.01.04 Applied BAS-20 Accounting of Government Grants and disclosure of Government Assistance Adopted on or after 01.01.99 Applied BAS-21 Effects of Changes in Foreign Exchange Changes Adopted on or after 01.01.07 Applied BAS-23 Borrowing Cost Adopted on or after 01.01.10 Applied BAS-24 Related Party Disclosure Adopted on or after 01.01.07 N/A BAS-26 Accounting and Reporting by Retirement Benefit Plans Adopted on or after 01.01.07 Applied BAS-27 Consolidated and separate financial statements Adopted on or after 01.01.10 N/A BAS-28 Investments in associates Adopted on or after 01.01.07 N/A BAS-29 Financial reporting in hyperinflationary economics Not yet adopted by ICAB N/A BAS-31 Interest in joint ventures Adopted on or after 01.01.07 N/A BAS-32 Financial instruments presentations Adopted on or after 01.01.10 Applied BAS-33 Earnings per share Adopted on or after 01.01.07 N/A BAS-34 Interim financial reporting Adopted on or after 01.01.99 N/A BAS-36 Impairment of assets Adopted on or after 01.01.05 Applied BAS-37 Provisions, contingent liabilities, and contingent assets Adopted on or after 01.01.07 Applied BAS-38 Intangible assets Adopted on or after 01.01.05 Applied BAS-39 Financial instruments: recognition and measurement Adopted on or after 01.01.10 Applied BAS-40 Investment property Adopted on or after 01.01.07 N/A BAS-41 Agriculture Adopted on or after 01.01.07 N/A SL No. BFRS Title Adoption Status of ICAB Remarks IFRS-1 First time adoption of international financial reporting standards Adopted as BFRS 1, effective on or after 01.01.09 N/A IFRS-2 Share based payments Adopted as BFRS 2, effective on or after 01.01.07 N/A IFRS-3 Business combination Adopted as BFRS 3, effective on or after 01.01.10 N/A IFRS-4 Insurance contracts Adopted as BFRS 4, effective on or after 01.01.10 N/A IFRS-5 Non current assets held for sale and discontinued operation Adopted as BFRS 5, effective on or after 01.01.07 N/A IFRS-6 Exploration for and evaluation of mineral resources Adopted as BFRS 6, effective on or after 01.01.07 N/A IFRS-7 Financial instruments: disclosures Adopted as BFRS 7, effective on or after 01.01.10 Applied IFRS-8 Operating segments Adopted as BFRS 8, effective on or after 01.01.10 N/A 29 ANNUAL REPORT 2014-2015.

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