 Let's see another practical question. A company Medina Ltd owns several properties which are revalued each year. Three of them are rented out under annual contract. Details of these properties and their valuation are ABC, life of the property, 50 years, 50 years, 15 years then cost 150 million, 120 million, 120,000 million. Then valuation on 30th September 20, 2020. Then we did again at the other year end that is 21. So look here, property A cost was 150 the value on 30th September is 240 but it reduces in 21. B case it was 120 now goes to 180 again reduce it by 145. Similarly C 120 increase 140 then again increase by 150. Now explanation about these properties. All these properties were acquired on 1st October 2019. So year will be end 30th September 2020 and the other year will be end 30th September 2021. The valuation of the property are based on their age and the date of valuation. Medina Ltd policy is imagine for all these assets liabilities we have an accounting policy. So for this purpose their policy is to carry all non-investment properties at cost. The non-investment property should be at cost. Only investment property is they are following the valuation model laws. Annual monetization where appropriate is based on the carrying value of the assets at the beginning of the relevant period. Now individual property wise a property is led to a subsidiary of Medina Ltd on a normal commercial term. Though Medina itself is not using this property for your person for your office work but they have lent it to a subsidiary. Now do remember this topic is we are going to discuss in detail later on but what is subsidiary here? Subsidiary is a company where Medina has invested money. More than 50% share Medina hold this property. Now when we look into those two holding company and the subsidiary company it is one unit. So it means if Medina is using or subsidiary is using it means it is used by the owner. So that's why it is not investment property. The other properties are let on terms the other properties are normal commercial transfer. Now Medina Ltd adopted the fair value model for accounting for investment properties in IS40 and the benchmark treatment for owner occupied property IS16. As I said that the property A is not meant there for appreciation or for rental because it is given to a subsidiary another company which you own. That's why it is owner's property and it goes by IS16. The other two are investment property. Now the requirement describe the possible accounting treatment to investment properties IS40 and explain why and they may require a different accounting treatment to owner's occupied properties because in owner's occupied property you are making use of that property. So in that case what will happen that it may depreciate or it may go some breakage or something so it is simply is not going to be used as an investment property. Prepare extract consolidated financial statement of Medina Ltd for the year 230 September 2021 in respect of the our property assuming that company of the fair value model. Clearly he is requesting that if you are preparing the consolidated financial statement. So as I said in the question clearly that if it is a consolidated statement subsidiary and holding company they are the same one group one entity. So that's why they are using that property that is not going to be taken care as an investment property.