A. Qasem & Co. - Islami Bank Bangladesh Limited

*Since 1953*A. Qasem & Co.Chartered Accountants6.8 The Bank complied with the following Bangladesh Accounting Standards (BAS) and BangladeshFinancial Reporting Standards (BFRS) in preparing the Financial Statements of IBBL:Sl. BASComplianceBAS TitleNo. No.Status1 1 Presentation of Financial Statements Complied2 2 Inventories Not Applicable3 7 Statement of Cash Flows Complied4 8 Accounting Policies, Changes in Accounting Estimates and Errors Complied5 10 Events after the Reporting Period Complied6 11 Construction Contracts Not Applicable7 12 Income Taxes Complied8 16 Property, Plant & Equipment Complied9 17 Leases Complied10 18 Revenue Complied11 19 Employee Benefits Complied12 20 Accounting for Government Grants and Disclosure ofNot ApplicableGovernment Assistance13 21 The Effects of Changes in Foreign Exchange Rates Complied14 23 Borrowing Costs Not Applicable15 24 Related Party Disclosures Complied16 26 Accounting and Reporting by Retirement Benefit Plans Complied17 27 Consolidated and Separate Financial Statements Complied18 28 Investments in Associates Not Applicable19 31 Interest in Joint Ventures Not Applicable20 32 Financial Instruments: Presentation Complied21 33 Earnings per Share Complied22 34 Interim Financial Reporting Complied23 36 Impairment of Assets Complied24 37 Provisions, Contingent Liabilities and Contingent Assets Complied25 38 Intangible Assets Complied26 39 Financial Instruments: Recognition and Measurement Not Applicable *27 40 Investment Property Complied28 41 Agriculture Not Applicable* We complied Bangladesh Bank guidelines instead of BAS-39.Sl. BFRSComplianceBFRS TitleNo. No.Status1 1 First-time adoption of International Financial Reporting CompliedStandards2 2 Share-based Payment Not Applicable3 3 Business Combinations Not Applicable4 4 Insurance Contracts Not Applicable5 5 Non-current Assets Held for Sale and Discontinued Operations Not Applicable6 6 Exploration for and Evaluation of Mineral Resources Not Applicable7 7 Financial Instruments: Disclosures Complied8 8 Operating Segment Complied29