Please help me with this project.

The company is ALLIANZ GROUP

I have chosen IFRS 16, 4 and 9

For each of these standards :

Briefly explain the standard and how it is applied. The effect of the standard on the income

statement and balance sheet should be highlighted. (E.g. IAS 16 has been applied by XYZ Co. IAS

16 deals with Property, Plant and Equipment and clarifies how these non-current assets have to

be recognized initially and measured subsequently. XYZ Co. has chosen the revaluation option of

subsequent measurement for a certain group of these assets, which allows them to periodically

revalue all classes of assets in this group, and record the fair value adjustments in Other

Comprehensive Income. This amount in the income statement of the company is t Rs. xxx. The

Balance sheet shows the revaluation reserve at Rs. XXX).