MS AR 2018 (1)
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calculating the capitalisation rate on general borrowings.<br />
The amendments are not likely to have any material impact on Company’s financial statements.<br />
New Interpretation - IFRIC 22 - Foreign Currency Transactions and Advance Consideration<br />
(Effective for annual periods beginning on or after 1 January <strong>2018</strong>)<br />
IFRIC 22 clarifies the accounting for transactions that include the receipt or payment of advance consideration in a<br />
foreign currency. The interpretation is not likely to have any material impact on Company’s financial statements.<br />
New Interpretations - IFRIC 23 — Uncertainty over Income Tax Treatments<br />
(Effective for annual periods beginning on or after 1 January <strong>2018</strong>)<br />
The interpretation is to be applied to the determination of taxable profit (tax loss), tax bases, unused tax losses,<br />
unused tax credits and tax rates, when there is uncertainty over income tax treatments under IAS 12.<br />
The interpretation is not likely to have any material impact on Company’s financial statements.<br />
Rupees Note <strong>2018</strong> 2017<br />
7. PROPERTY, PLANT AND EQUIPMENT<br />
Tangible fixed assets 7.1 4,376,855,353 3,877,405,840<br />
Capital work-in-progress 7.2 1,927,892,929 211,194,687<br />
Major spare parts and standby equipments – 162,265,205<br />
6,304,748,282 4,250,865,732<br />
Annual Report <strong>2018</strong><br />
105
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