Dewan Khalid

Note #01
1 Corporate Information
 States that company is incorporated under the companies’ act (companies’ ordinance
now)
 States location of the main office
 Also states main activities of the company (Trading, manufacturing and sale of yarn)

1.1 Going Concern Assumption

 Discloses that

Note #02
2.1 statement of compliance
 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