Information Document - Dhaka Stock Exchange

2.2 Basis of measurementThe financial statements have been prepared on the historical cost basis. Exceptions areproperty, plant and equipment where foreign exchange gain or loss arising from foreigncurrency debts taken to finance the assets is adjusted against the value of the assets asper Companies Act 1994 .2.3 Functional and presentational currencyThe financial statements (except notes 22 and 23, where the currency mentioned as USDfor presentation purpose) are prepared in Bangladesh Taka (Taka/Tk/BDT), which is thecompany's functional currency and have been rounded off to the nearest integer.2.4 Use of estimates and judgementsThe preparation of financial statements in conformity with BAS and BFRS requiresmanagement to make judgements, estimates and assumptions that affect the applicationof accounting policies and the reported amounts of assets, liabilities, income andexpenses. Actual results may differ from these estimates.Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions toaccounting estimates are recognised in the period in which the estimates are revised andin any future periods affected.In particular, information about significant areas of estimation uncertainty and criticaljudgements in applying accounting policies that have the most significant effect on theamounts recognised in the financial statements is included in the following notes:Note 4 - depreciationNote 5 - inventory valuationNote 13 - accrued expenses and othersNote 15 - deferred liability for gratuity and earned leave2.5Reporting periodThe financial period of the Company covers one year from 1 January to 31 December.3. Significant accounting policiesThe accounting policies set out below have been applied consistently to all periodspresented in these financial statements.