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The government gave the land to the company and the company is paying annual rent as operating lease.

Due to frequent electrical interruption in my area I could not be on line and sorry for that

It is not fixed. Unless the government take back the land, it is permanent.

The company obtained the land some fifteen years ago and is paying annual rent (operating lease) and royalty for extraction.

Thank you

First of all thank u.

We have obtained the land from the government just for the sake of extracting minerals . that means both (the land and the right to extract the minerals).

Good morning/Good after noon/Good evening where ever you are Our company has land to extract minerals like pumice, lime stone, sand stone. My question is how to recognize these land. is this right use of land (IFRS 16) or Exploration for and Evaluation of Mineral Resource (IFRS 6). When and at which...

Our company has a foreign loan of USD4,000,000 at the end of reporting period. Its equivalent in functional currency that reported in our ledger before year end adjustment was birr 128,000,000. At the year end exchange rate increased to 35. Then as a monetary item loan payable became 4,000,000 X 35 ...

1. We have four different bank accounts and one which has credit balance. May I net off the credit balance with other three or present it separately as overdraft under current liability? 2. On the other hand our company has long term loan and bank overdraft which the bank approved to a certain limit...

Thank u

Thank u


Amii

First of all thank u. My question is on year end financial report preparation I disclosed related parties like key management members. However my immediate boss said that since we are government organization we are not required to disclose related party. so is there really exemption with regard to t...

Can I net off deferred tax asset and deferred tax liability. is there any condition to net off these accounts. If possible please attach me the standard notes with this regard.


Amii

is there any exemption for government organization from disclosing related parties including key management members? if possible please attach some explanatory information.

Thank u in advance


Amii

Thank u

construction is suspended for more than a year to change the previous contractor who had involved in fraudulent activities. With this regard I stopped capitalizing borrowing cost. may i correct. would you please provide me some information about suspention of borrowing cost


Amii