 Now recognition of investment property. Investment property should be recognized as an asset when and only when. These are the two conditions. Number one, it is probable that the future economic benefits will flow to the enterprise, to the entity. You are using it and in future you are getting cash flow out of it. Thus cost can be measured reliably. Actually these two conditions are almost for every asset, but here they have repeated that investment property purpose also you must keep in mind these two things. Subsequent measure of investment property should follow the preferred pair value model or the alternate cost model. These two models are going to be recommended. Either you use cost model or pair value model. If you remember in property, plant and equipment, we have cost model. Whatever price we pay for it, we capitalize it and then we reduce it depreciation, amortization and we recorded that. That is the cost model, but at the same time we have the revaluation model that we appreciate. I mean every year end we revalue the property and if there is any increase or decrease, if there is a decrease in pyramid, but if there is increase that is surplus revenue surplus. So both methods are recommended in this case also. Under pair value it is revalued to pair value at each balance sheet day. In case of property plant and equipment it was not that. You can revalue it after 2 years, 3 years, 4 years, whatever you want. But in case of investment property you have to revalue at the every year end. And again a loss taken to the income statement no depreciation. In case of property plant and equipment which are depreciation and which are depreciation to profit and loss. In this case any change in the investment property it will be taken to the profit and loss. Under cost model IS-16 will apply and property will depreciate like any other assets. So if you follow the cost model then in this case you will follow the same which you followed for the property and plant and equipment. Now let's make it very clear what is cost model and what is pair value model. This is the benchmark treatment in IS-16. Many assets we buy we just report them in our accounts at cost. So this is a benchmark treatment which require investment properties to be measured, depreciated historical cost, less any impairment. In effect this treats investment properties in a similar manner to owner occupied property. You know if you use cost model then you are taking it as if it is owner's occupied property. So it is not really investment property in that case. When the cost model is adopted the fair value of investment property must be disclosed. It means that if you are reporting your investment property in the balance sheet at cost no depreciation. But if there is some revaluation of it and you find the price going up or the value is going up. So that revaluation should be disclosed to the notes. So you are not adjusting your investment property. You are just reporting it as a note that this property cost is this much but the market value is this. Fair value model requires investment properties to be measured at their fair values on the balance sheet debt with changes in fair value being recognized in income statement. Now no depreciation on investment properties under fair value model but whatever is changed. Let's say it appreciates. So that appreciation is directly reported in the profit and loss account of that particular year. And if there is deduction as a loss reducing its value. So whatever is a deduction that is again to be taken to the profit and loss account as a loss. So here value model we keep in mind that we revalue the assets at the end of every year. And if there is any appreciation that will be taken to the profit and loss. Similarly, if there is any reduction in its value that should also be taken to the profit and loss. Now in case of property planning it was not that way. Here if we revalue the assets we don't take it to profit and loss account but we take it to the other comprehensive income. But in this case no it is state whatever change in the value of investment property that will be taken to the profit and loss account. The difference of cost model that requires evaluation surpluses to be recognized as changes in statement of equity not as income. But fair value model is desirable for IFR 613. Now as I said clearly that here any change in the property's value to be rooted to income statement. And if we debit the profit and loss account if it is increasing we debit the property credit the profit and loss. And if it is decreasing then what we do we debit profit and loss account and credit the investment property. So these two models are being used and let's see how these models in practically apply. Thank you very much.