 First of all, definition of the group. A group is basically a number of separate legal entities. They are subject to common control. So again, the word is common control. Maybe there are three companies, parent, subsidiary and subsidiary, but control is at one place, common control or the parent is controlling all those others. And therefore can be said to be a single economic entity for the financial reporting purposes. If there are three or four or five, but one single unit, we consider it as a one single unit. Control is defined the power to govern the financial and operating policies. That is the crux of the matter. That if you are in a position to control the financial and operating policies, it means you got a full control. Dominating control rather of an entity so as to obtain benefits from its activity. Because if you have the control, then the policy will claim that will be beneficial to you. The most common way of to control one entity to another is by obtaining more than 50% of voting shares. So generally that's a formula that you get more than 50% of voting shares. So it means we assume that you got the control. The acquiring company, again this word acquiring means the one, the parent company, is known parent and the acquired is called subsidiary. The parent company is required to prepare consolidated financial statement unless it is specifically exempted by any other IES. So the parent company is basically responsible to prepare the group accounts. It doesn't mean that they don't prepare their separate accounts. No, they have to prepare their separate account as well. But the parent company in the group company has to additionally make consolidated accounts. Investor control and investing if only if it has all the following. There are conditions for control. Number one, power over the investing has existing right that gives its current ability to direct and relevant activities significantly affect the investors return. The investment company has significant influence on its policies so that you can direct it. Exposure or right to variable returns from its investment of the investing. Normally when we invest, we earn a certain percent profit. In this case, it's not like that. It's a variable. Variable in the sense that the more you make a subsidiary profit, the more you get your share. The ability to use its power over the investing to affect the amount of investor returns having decision making rights. The parent company has decision making rights. Normally it happens that the group takes a certain loan from the bank and distributes it among the other companies. It has control. The reason is that in the group accounts, we combine the three or four companies and make consolidated accounts. And we go to the bank based on that. Look at our group and we need so many funds in it. They give you funds. Then it is your choice where you put it. That is, the parent keeps it with him or divides it with other subsidiaries. Loss of control. De-recognize the assets and liabilities of the former subsidiary from the consolidation. If your control ends for some reason, how will it end? For example, you have 60% shares of a company B. So if you send 20% from that company, then 40% remains. Then you do not have control. So the meaning of control is that you have more than 50% shares. Remember, the decision of consolidation should be made by ability to control and not the percentage held. That is a conflict basically what I said earlier, but it is not a conflict. He says clearly that control is important. But in certain cases, if you have 46% share, then you can show that we are in a position to take dominant influence on the company's affairs. So in that case, you are eligible to prepare the consolidated accounts. So necessarily one thing is clear that control is from holding shares. But in case you show 46% or 49% that we are the controller, and the other shareholders do not come to the competition, so in that case you can consolidate the accounts. A wholly owned parent is not to consolidate the accounts of its subsidiaries. This is an interesting thing. A is parent company, B is subsidiary company. But if there are other companies like K parent and A is subsidiary, then in that case A will not have to make consolidated accounts. Because consolidated accounts are only made by parent companies. If you are already subsidiary, then you will not make consolidated accounts. Subsidaries can be excluded from consolidation if the control is intended to be temporary. Because normally when we invest more than 50% shares, it does not mean that we have to sell it tomorrow. In fact, we have to continue it over a longer period of time. But if your intention is to sell it out after a while, then you still do not need to consolidate it as such. They are expected to sell within the next 12 months. Clearly, if you sell it in the coming 12 months, then you do not need to consolidate it. One thing is that when you acquire it, then how to buy shares? Normally it does not happen that you go to a company, but you have to buy shares from the market. And when you go to buy shares from the market, then you do not buy such a big chunk, but gradually you increase it. And when you have more than 50% shares, then you become the parent company. Normally in Pakistan, the insurance company, Jubilee, their shares are bought slowly, and then become the parent company. So this is also necessary. And where management is actively seeking a buyer? If you want to sell it, and you are also trying to find a buyer and we will sell it, then even then you do not need to consolidate it. Subsidies in the positions are traded as held for trading as IS32. If you do not have control, then your investment is held for trading. If it becomes less than 20%, then it is held for trading. But if your share remains between 20% to 50%, then it becomes an associated company. And being an associated company, you have to consolidate it again. You do not consolidate it fully. In fact, I will go ahead and tell you that there is a simple calculation in the associated company. I will show you now. Thank you very much.