1. According to International Accounting Standard-1 (IAS-1) what are the minimum line items that should be presented on the face of the statement of financial position (balance sheet)? Make a disclosure checklist and compare the level of disclosure with your studied companies.

2. According to IAS 18, what are the criteria of revenue recognition? How did your company report this in the annual report? N.B. Mr. Expert, I need the both solution so please don't skip anyone

Kattali Textile Limited Statement of Profit or Loss & Other Comprehensive Income for the year ended 30 June 2020 Particulars Note Amounts in Taka Fy(2019-2020) Fy(2018-2019) 18 Turnover Cost of Goods Sold 19 20 21 Gross Profit Operating Expenses Operating Profit Financial Expenses Profit before Non Operating Income Other Income Profit before Income Tax & WPPF WPPF Expenses Net Profit before Income Tax 955,245,848 (743,553,276) 211,692,572 (33,555,773) 178,136,799 (4,188,616) 173,948,183 22,902,876 196,851,059 (9,373,860) 187,477,199 1,122,356,999 (840,550,815) 281,806,185 (35,557,784) 246,248,401 (5,069,911) 241,178,490 7,906,301 249,084,791 (11,861,181) 237,223,610 22 23 Provision for Income Tax Current Taxes Deferred Taxes 23.01 (32,998,221) (24,258,012) (8,740,209) (28,466,833) (25,402,879) (3,063,954) 23.02 154,478,978 208,756,777 Net Profit after Tax Other Comprehensive Income: Unrealized Foreign Exchange Gain/(Loss) Total Comprehensive Income for the year 31.00 58,897 154,537,875 208,756,777 Earnings Per Share (EPS) 24.01.1 1.43 2.11 Kattali Textile Limited Statement of Financial Position as at 30 June 2020 Amounts in Taka Particulars Note 30-Jun-20 30-Jun-19 Non Current Assets Property, Plant & Equipment Capital Work In Process 4 864,064,685 776,748,244 87,316,441 808,478,875 775,774,559 32,704,316 5 6 Current Assets Inventories Account Receivables Advances, Deposits and Prepayments Cash and Cash Equivalents 7 8 9 1,224,685,544 327,051,201 443,892,457 168,169,625 285,572,261 1,120,289,790 281,393,223 435,234,849 80,133,082 323,528,636 Total Assets 2,088,750,229 1,928,768,665 Shareholder's Equity & Liabilities Shareholder's Equity Share Capital Other Comprehensive Income Retained Earnings 1,763,164,058 979,000,000 10 1,898,121,933 1,076,900,000 58,897 821,163,036 31 11 784,164,058 12 45,900,084 44,984,320 915,764 37,254,176 36,244,110 1,010,066 13 Non-Current Liabilities Deferred Tax Long Term Loan (Long Term Portion) Current Liabilities Long term Loan (Current Portion) Accounts Payable Liabilities For Expenses Liablities for Workers Profit Participation Fund Short Term Loan 13 14 144,728,213 456,000 3,547,854 101,433,853 9,373,860 29,916,646 15 128,350,430 456,000 3,673,793 77,409,995 17,946,080 28,864,563 1,928,768,665 16 17 2,088,750,229 Total Shareholder's Equity & Liabilities Net Assets Value Per Share (NAV) 24.02 17.63 18.01