 Now, how the amount of property plant and equipment is measured, how much is the cost we are reporting in the balance sheet. Initial recognition and measurement of an asset, that is, when you are buying in the asset should initially be measured at cost and cost includes the directly attributable cost in bringing the assets into working condition for its intended use and that is important. As long as the asset is not giving you the intended use, whatever cost incurred to be added to it. Purchase price, import duties, non-refundable taxes, site preparation, delivery and handling, installation cost, professional fees, site restoration and interest expense, but these are the two other standards we will discuss over there. So far here is the restoration, site restoration. It means wherever you are installing these assets and if it is required after its useful life, you need to restore that site. So, whatever is going to you spend on the restoration should also be the part of assets cost. Subsequent expenditure should be capitalized if expenditure meets the criteria for initial recognition and major part replacement, capitalized and old part de-recognized. Assets should initially be measured at cost. Cost incurred directly attributable cost in bringing the assets in working condition for its intended use. Subsequent expenditure should be capitalized if expenditure meets the criteria for initial recognition, major part of replacement and capital are old part de-recognized. Only if the expenditure improved that is the important thing. Subsequent expense if improved the efficiency of an asset that will be added to the cost of the assets, but if it is not improving the efficiency then that should not be added. Company can adopt a policy of revaluing assets if they wish. It's not compulsory basically, requirement is that the asset should be reported as value for today. So, if company wants to revalue they can do so. If they revalue the assets the carrying value should approximately to the fair value at the reporting period. Revalue the full class of assets. Meaning if you are revaluing the let's say vehicles, so all vehicles should be revalued. If you are revaluing the machinery, so all machinery in the company should be revalued. Revalue sufficiently often that an asset is retained at an up-to-date value on the balance sheet. The gain on revaluation could be recognized in the revaluation reserve and losses on revaluations are treated consistently with the impairment in value. Again there is a standard impairment we will discuss is there. The residual value of assets should be reviewed each year and it is based on year and price level. When you need to review the residual value it's also known solvage value or scrap value. So, it requires review every year. A change in the method of depreciation is only allowed on the grounds of the truth and fairness of and does not constitute a change according accounting policy. It's again an important thing. Once you decided a method let's say straight line method, so you are not supposed to change over a number of years. You keep on following the same method unless unless you feel that you made a mistake while selecting the method and now you want to change it because change will give a better picture about the company. So then only then you are allowed to change. Without the depreciation rate should be reviewed at the end of reporting period. Again the depreciation rates. Rates means 20 percent, 30 percent, 50 percent whatever. Whatever rates are make sure that you review at the end of every year. Without IS-16 there is a room to falsify financial statement. Revenue expenses can be reported as capital expenditure otherwise. In fact this is a catch here. Some people try to improve their profitability or reduce their profitability. So what they do they try to reduce a charged depreciation differently. Similarly what they do if they want to improve the profit they reduce the depreciation. It is not allowed at all. Depreciation should be charged systematically. You decide once how the depreciation going to be charged and accordingly you keep on charging in the same way. Nothing doing that you change it as you want. There is no adjustment in previous years due to any change in life, rate, residual value or revaluation of assets. Prospective effects is very clear. Whatever you have to do it do it onward. Previously what happened? No you are not supposed to touch because those previous accounts are not being finalized. So how you can go back and do something over there? Whatever you want to do now you have to go forward next year to next year. The year of change and thereafter next year you use those change. So it is not something that is very very difficult. It is a simple standard basically and we will see how the accounting part of it. Thank you very much.