NAVANA REAL ESTATE LIMITED - Dhaka Stock Exchange

Issuer: Navana Real Estate LimitedIssue Manager: ICB Capital Management LimitedAccount receivables are stated at their real value and consider good. No provision hasbeen made for doubtful debts and no amount was written off as bad.b) PayableLiabilities are recorded at the amount payable for settlement in respect of goods andservices received by the company.2.25 Related party disclosureAs per BAS 24 parties are considered to be related if one the parties have the ability tocontrol the other party or exercise significant influence over the other party in makingfinancial and operating decisions.2.26 BorrowingsInterest bearing bank loans and overdrafts are recorded at the proceeds received net ofdirect issue costs. Financial charges are accounted for on an accrual basis.2.27 Foreign currency translationTransactions in foreign currencies are translated into Bangladesh taka at the rate ofexchange ruling on date of transaction. Monetary assets and liabilities expressed inforeign currencies are translated into Bangladesh taka at the rate of exchange rulingthe statement of financial position date. Gain or losses resulting from foreign currencytransactions are taken to the statement of comprehensive income complying with BSA21.2.28 Generala) Figures shown in the accounts have been rounded off to the nearest taka.b) Comparative figures and account titles in the financial statements have been rearranged/re-classifiedwhere necessary, to conform to changes in presentation inthe current year.c) Figures in brackets indicated deductions.Page- 37