Dewan Khalid
Note #01
1 Corporate Information
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States that company is incorporated under the companies’ act (companies’ ordinance
now)
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States location of the main office
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Also states main activities of the company (Trading, manufacturing and sale of yarn)
1.1 Going Concern Assumption
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Discloses that
Note #02
2.1 statement of compliance
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Just discloses that financial reports are prepared according to the IFRS, requirements of
companies’ ordinance, 1984, and the directives from the SECP.
Also mentions that wherever IFRS differs from requirements of Companies ordinance or
directives from company follows companies’ ordinance and directives from SECP.
2.2 basis of measurement