 Now we are going to talk about presentation and disclosure. The financial statements are presented in report form rather than in accounts form, as per framework requirements. There was a time when we prepared balance sheets. On one side we have assets, on the other side we have the liabilities and equity. But now they said start with the assets, then your liabilities and then the equity. At the end the equity. Now this arrangement again, which assets should we give on the first? For example land and building, the most permanent assets should be the first. On the basis of liquidity. Similarly, at the end cash is the most liquid, so that should be at the end. Similarly liabilities, if they are long term liabilities they should be given first and then the current liabilities. Similarly in equity we should have the share capital first, then the retained earnings and other surpluses. The name of the company and the title of the statement. It's very important. Four things are important actually when you prepare a statement. Number one, the name of the business. To whom this statement is the number name of the company clearly. Then the name of the statement. What it is? Is it a balance sheet? Is it an income statement? Is it a cash flow statement? Clearly mentioned. Then it belongs to which period? For example, financial, so for balance sheet is concerned or it is on a particular day. But so for income statement is concerned. It is for a certain period. And that period may be month, quarter, half year or whole year. So it should be for the period. The other thing is the numbers. The figures you are reporting. Is it whole numbers? I mean, 1.25 lakhs or something like that. Or it should be rounded. And usually nowadays the reports we prepare, we round them into thousands. We ignore the, let's say 235, ignore it. We just take the thousands in 2000. And sometime we do it in millions. It depends. In analysis purposes, we again condensed our numbers into millions. The name of the company and the title and the period covered and the headings and subheadings of the elements of accounts must be organized properly. It is required. And the total and then the subheads and like this you have all those details in the financial so that people can pick numbers out of it. Fully an adequate disclosure of information should be reported. Let the user have answer of any query come across while using the statements. It's it's not that simple. Let me tell you that you can please everybody. These statements can help everybody. No. For example, if we apply for a loan. So the first thing they ask bring your financial, which means bring your statements. And they ask thereafter number of questions before they grant a loan because they have to safeguard their interest. And that's why they ask you number of things later on. Only then they if they satisfied only then they can extend you the loan. So the information. It should be provided required by the users. Proper disclosure as per IFRS IS must be disclosed. It is required now that when you are submitting your reports. Commit yourself that you prepare these reports in line with those international financial reporting standards, which are required by our countries law as well. So you conform as a director. It's your responsibility to make sure that the international financial reporting standards are being used properly. Cost benefit must be kept in mind. This I mentioned earlier also that unnecessarily spending money on producing these statements long, long statement number of huge amount of information. Nobody is interested in all that. You should keep in mind the cost and benefit any activity where the benefits is not comparing the cost. If the cost exceeds the benefit that information is not required. You must keep in mind the cost benefit analysis all the time. Thank you very much.