Transmission of Quarterly Report for the period ended 30 June 2025

ASIA

INSURANCE

COMPANY LTD

CONDLNSLD INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED JUNE 30, 2025 (UNAUDITED)

covered

Contents

Company Information

ManilhDfIleHt

Directors' Review Report Independent Auditors' Review Report Statement of" Fir›‹tncial Fnsilion

Statcmcnt of Comprchcnsivc Income

Cash 1°low Statement

Statement ot’C'hangcs in Equity

Notes to the Fooling Part of the Financial Statcmcnts

Window Takaful Operations 

lnJcgenJcnt AuJiturs’ Review Report Statement uI‘ l*inancial Position Statcmcnt ot‘Profit ‹k Loss Account

Statement of Comprc•hensivc Income

Statement of Changes in Funds

Cash Flow Statement

Paee No.

l

2

3 - 6

7

9

IO

I I - 12

13

14 - 29

33

34

35

36

37

38

Notes to and Forming Part of the Financial Statcrnents 39 - 48

Branch Network 49 - 50

COMPANY INFORMATION

Chief Executive Directors

Audit Committee

Sbare Registrar

CFO

lnteranl Auditor

Actuary

Mr. Ihtsham ul Haq Qureshi

(Prince Henrik Medal of Honour by Royal Kingdom uf Denmark) Mr. Zain u1 Haq Qurnshi

Mr. thtsham ul Huq Qurcshi

(Prince I-lcnrik McJaI of Hcnuur by Ruyal Ki»g‹t m r Denmark)

Mr. Zain ul Haq Qurcshi

fifirs,. N«hecn Ih ham Qurcshi

(Tamgha-e-fmiia:z by Liuvcmmenl ct Pakistan) Mr, Wajahat Rasul Khan

Mn Thibatid Ponchon

(Nominee Director ofInsuResilience Investment Fund SlCAV RAIF,

Luxembo )

Mr.Syed Murtaza Hasoain Nsdir

Mr.SyM MuJ1aztt Hasnain Na‹Jir (Chairman) Mrs.Shiza Haxsan (Mcmbcr)

Mr. Iht.sham ul Haq gurcshi (Member) Mr. Waqas Tqba! Malik (Secretary)

Banister Miinzwar-us-Salam Cornelius, Lane & Mufii, Advocates and Sulicilors.

Hawa-e-Waqt Building,

fiShahra-e-Fatima Jinnah, ’Lahore.

Mufti Mu1›amzoad AJcb1aq

Cnrplink (Pvt.) Limited, Wint;s Arcade, 1-K, Mcdcl Town. Lahtin:.

MsS aHafxz(B.Sc,)(LL.B.)

Mr. Wages lqbal Malik B.Com, MBA Finance

llyas Soned &Compimy

Chartcmd Accountants.

MANAGEMENT

Ms. Rafiq Ashraf Ms. Shazia Hafecz

Mr. Riaz Hussain Shah Mr. Shahbaz Haoieed Mr. M. Amjad Rno

Mr. S›aad Masond

Mr. M. lmran tjurcshi

Mr. Muhammad Ahmad Ch»uban

Mr. Wsjss lqbal Malik

Mr. Aiif Ali Mughal

Mr. Muhammad AJi Maqsood

Mr. Minn Aliak Nawnz Mr. Waqas Wabced

I4r. Asif Masood Bbatti Mr. M. Mudassar Jaajua

L”bicfGxecutivc U@ccr

Chi'cf Financial tJffiucr

Company Secretary & Compliance Oificcr Executive Vice President (EVP)

fkputy fiencnil Manager Legal

Deputy Gcneral Managcr/Conlroller ot Branches

Deputy General Manager MIS

Assismnt Genenil”Manager HumanResources

Agri & Corporate .Head Head of Corporate Healih Head of lnicmnl Audit Head of Claims/Grievance

Head of Reinsurance/Risk Management Head of Trdvel & Recovery

Head of Underwriting

Head t›1’ Livestock

Senior Manager Accounts Head uf Window Takaful Tcum Lcnd Window Takaful

.Cienernl Manager South

Head o1’ Digital Channcl

Asia House, l9 C/D., Bltick-L. Ciulberg III, Main Fcroqiur

Ruad. Lahum. Pakistan.

Phone:+92-42-358f›5575-7h

tax:+92fi2-35d65579

UAN 92-311-1 I I-ASIA (2742)

2

DIRECTORS' REVIEW REPORT

FOR THE BALL YEAR ENDED JUNE 3tl, 2025

Your directors ate pleased to present a concise review of the Company's operational and financial performance accompanied with the limited scope review of Coalpany's halfyearlyaccountsby &e Statutory Auditors for theperiodendedJune30, 2025.

STATE OF COMPANY'SAFFAIRS AND BUSINESS OVERVIEW

During the period under review, Paiñstan's economy showed sigas of continued recovery, with GDPgmwth momentum carried forward from FY2024, which closed at

2.38o/». Significant improvements in the agricultural sector, along witb better performance from the industrial and services sectors, contributed to thisposKivetten‹L The current account surplus and stability in the exchange mte also led to a sharp

reduction in thepolicy rate by the State Bank of Pakistan, from 22% to ll%, aimed at

supporting business activities and encouraging investment.

in this improving macroeconomic backdmp, Asia Insurance maintained its growth trajectory and delivered astrongoperationalperfonnmce.Thestrategies implemented in the previous year have continued to bear fruit, helping the Company navigate the competitive insurance landscape effectively.

The Companypostedaprofit heforetaxofRs. 91 Million.

SUMMARY OF OPERATIONAL AND FINANCIAL HIGHLFGHTS

Your company has underwritten premium and Takaful contribution

851.280 Millionduringthe halfyearended Juae 30, 2025. The Company hasshowaa growth of 19% in convenooual business and 45% in Takaful as compared to the corresponding periodofthe last year. Departmentwise break up ofwhich is asunder:

Amounf in Rupees

An overview of the financial statements nweal that the Company has earned net

premium and net contribution revenue of Rs. 4g .190 Milrl and Rs. 28.078 Million

respectively, achieving growth of more than 4% and 18% respectively as compared to the Rame paiiod last year. The Company bas declared an after tax profit of Rs. 70 Million for the halfyearended June 30, 2025.

DIYIDEND

Nodividendisannounced fortheperiodunderreview.

EARNINGS PERSHARE

Eamingsper Share isRs. 0.95 persbare.

3

Mr. Thibaud Ponchon, Norninm Director of HF has resigned from the Board of Directors with effect from 30 tune 2025. The Board acknowledged his valued contributions and the positiverolehe playedduringyourtenura on the Board.

Thepresentcompositionofthe Board after Mr. Thibaud'sresignation is as under:

CORPORATE SOCIALRESPONSIBILITY:

Asia Insurance continues to uphold its commitment to social responsibility by fostering inclusivity through equal employment opportunities, supporting employees in need, and contributing positively to the national exchequer. The Company is also dedicated to sustain ability thmagh initiatives promoting energy conservation and environmental protection.

We maintain the highest standards ofhealth, safety, and environmental compliance for the well-being ofour workforce and thecommunities we serve.

FUTURE oUTLOoK:

Looking ahead, we remain cautiously optimistic. While economic challenges persist, the insurance sector is expected to grow steadily on the back of increasing awareness, regulatory reforms, and the digital transformation offinancial services. Asia Insurance Company Limited is well-positioned to capitalize on these opportunities, and the Board remains committed to delivering sustainable growth and value to all stakeholders.

We would like to thank ourvalued customers fortheir continuedpaoonageand support and toPaiustan Reinsurance Company Limited, 5ecurities and Exchange Commission ofPakistanand StateBank ofPakistan for their guidance and assistance.

It is a hatter of deep gratification for your Directors to place on record their appreciation ofthe efforts made by o&cers, field force and staffwho had contributed to the.growth ofthe Company and the continued success of itsoperations.

4

INDEPENDENT AUDITOR'S REYIEW REPORT

TO THE MEMBERS OF ASIA INSURANCE COh4PANY LIMITED

RRPORT ON REVIEW OP CONDENSED MTERIM FINANCIAL STATEMENTS

Introduction

We have reviewed the accompanying condensed interim siaiemenl of financial position of Asia Insurance Company Limited (the “Company”) as at June 30, 2025 and the related condensed interim statement of profit and loss, condensed interim statement of other comprehensive income, condensed interim statement of changes in equity, and condensed interim statement of casb flows, and notes to and forming part of the condensed interim Cnancial statements for the half year ended (here-in-after referred to as the “interim financial statements”). Management is msponsible for the preparation and presentation of these interim financial statement in accordance with accounting and reporting standards as applicable in Pakistan for interim financial reporting- Our responsibility is to express a conclusion on these interim Cnancial statement based on our review.

Stope ofReview

We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and ntherreview procedures. Areview is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware nf all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Based on our review, nothing has come to otir attention that causes us to believe that the accnmpanying interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting.

Otbermatter

The figures of the condensed interim statement of profit and loss and condensed interim statement ofothcr comprehensive income for the quarter ended June 30, 2025 and June 30, 2024 have nnt been reviewed, as we are required to review only the cumulative figures for thehalf-year ended June 30, 2025.

The engagement partner on the review resulting ui this independentauditor's review report

Dated: August 25, 2025

Lahore

UDIN: RR2025l0278C79aie4JX

Saeed & Co.

Cbnrtered Accouotaafs

7

AS1A!ASU CECOMPANYMM4TEU

Property and Equip@eni lnvestmeni Property Investments

1•.quiiy Securities

Debt Securities

Unaudit«d

30-Jun-25

kupees

11R,824,449

9 40,827,120

IO

11

12

Audited

.31-Occ-24

Rupees

Reinsurance Rscovcrir.s Aitainst Outstanding Cl*ims

776.307,951 730.907 28

3tl.77 l,tl53 9G,627.9fi 1

13 971,108,788 724,1f›9;804

188,072,474 175.704,619

124,6b9,131 122,b42.406

128,933,475 99,397,*0 1

IS 28.3Sit,783 6I,560N49

2,455,891,424 2.229.797,998

  179,966,9t4 ISO›.773.R8  

2,63S,860J38 *.386.571.406

•§it&I end Resrn'cs tttrihutable to Companys Equitv Holders

Ordilury Char” Capital 17

Slaare Premium - Capital Reserve T7.2.2

Rcserrcs - Revenue

Utiappropriated Protii - Revenue Reserve

TOTAL EQUITY'

LI tBILITlEh

Underwritiiig Pros'isions

73ONAA30 73( &I430

f›9,0l7,570 09.917,570

2GUU000 2.?0.D)U

I04,41L42 %4.702%42 1,10G,911 2 1.()37.202.X2

ouixtanding Clnims lncludiiig IdNR 21

.Unciimcd Premium Reserves 20

Premium Deficiency Reserve

Unearned ReirrCommission 22

DefierrcJ Taxat un

Taxai ‹›n & Lc›ñcs - Payments Less Prcvixiun Retires ent Bencln Obligaii‹ nh

Lee c Liabiliii

Premium Received in Advance

4'oi*l Liabilities tel’ Window Takafvil Opvrutions - OPS l6

TOTAL EiQUl’F’ AhD LIABII.ITI F.S

CONTlNtitiNClFS AND COM8IJTMENTS 19

1,469,519,186 1.297,f96.450

  59,429,709 51,772,484 

2,61S,tl60fi3il 2.386.571.4tl6

"1’he anncxed writes 1 ”lo 35 form.an integral part of these 1-ieancial Statements.

min msu cE coorwv ezsu

CCiNDEN8ED INTERIM STATEMEHT OF PROPtTAND LOS8 (UNxUDITED) FOR TFIE £tALF YER ENDED JUNE 34, 2025

For the Qaarttr En Por The Sir Monih‹ Ended

Taxation A ixx levies

l'r•nt After Tcx & tsx ie 'Ice

Earnings Per Share —&tsic A Ditutr'd

33JI6,976 5fi 010 717 69.709,004 87 79 I,£96

     0.4d  1.20 

30Qua-zs 30-J«»-2J 30•Joa-2s JO-Jan-24

Rupee Rupees RLPP PI RUPEES

Prcfil after Tax

kero iAai mcy bv reclassified t‹s profit aod I‹» accauot: Item that may nt›t he re lasxified io pn›fit anJ I‹xa acc‹›unt:

Total Coasprcheosive lneoa+e for the period

31Tf8,976 ?fi.0I0.717 61,709.000 g7.78 I./i 5

33,518,976  'i6.010,717  69.709.006  57.79J.616 

The nnnex«l nol»s I TU 35 form an integral part of’ the Financial Staioncnts.

fbief G'iococlcl t7fllcer

ASIA TNSUITANCE COMPANY LIMITED

CONDENSED INTERIM STATEMENT UF CAgH FLtyWS (UNAUDITED)

£Uk THU YZAA ENDED JUNE 30, 2025

Operating Cash Flows

1. LlnderwriHng Acltvities fasuraoce Prtroium Rcccived kcinstirsnce Premium› Paid C»ints Phil

   Reinsurance and (Jthcr Rc‹x›vcncs Received

   Management Expenses P0iJ

   Uhcr UnJcrwr›ting Rcccipts / ( Payments)

   .let Cssh flow from Undern'rifiog Activities

2. Olber Operating Activities

lnc‹›n›c Tax Paid

Financc Charger Paid

Oder Operating. Receipts

Other Recciplx in Respect ut”Oyer ling Assets

Set C'aeb Ftow froai UtBer Uperetiag Activioes

Total Cash flow From All Operating Actis ities

lnvesimeni Artistries

Profit ' Return ltcccived Dividend Received

Deercase in.Net Assets in Window Takaful Operations Payrrients for liivvstiiicnis / Investment Prti[ierties

Inc estinent I mode) / matured Fixed Capital Expcniiiture

Proceeds ñorn Sale of Property and Equipment

Total Net Cash Eiow from Investing Activities Financing Activities

Dividend Paid

Repayments of’ Lease

Total Cash Flow from Financing Activities

Net cash (used in) / generated from all aetivllles.

Cash and L'ash Equivalents ct thc l3cgñtning of the period Cask und Cash EquiyRlcnts at the End of tht period

30-Jun-25

RUPEES

(46,428,748) (24,773,069j

{26,828,675) 1tL495.,939

t73,257,42.3) ( l4.277,l3tl)

  48,021,901 (81.49 I,224)

(7,964,944) (ñ7,fi60,270)

133,201,466) t 133,428,624)

  6l,S60,249 399,942.738 

?8.358,7it3 266.Jl4.114

Profit After Taxaflon for the period      69,709,001    87,791,696 The annexed notes 1 To 35 form an integral part of these Financial Statements.

fbief G'iococlcl t7fllcer

T2

The annexed notes 1 To 35 form an integral part of these Financial Statement.s.

Chairman Cbief Executive Ofbcer Direct0z-

Chief Financial Officer

AStA INSURANCE COM PANV LIMITED

NOTES Tt3 AND FORSIING PART OF THE CONDENSED INTERI M FINANCIAL STATEMENTS (UNAU DITEDJ F•OR THE HALF YEAR ENDED JUNE 30, 2II?5

LLG•AL STATUS AND f4ATURL OP BU*iN F',SS

Asin Insurance Company Limited ('the Company') is a quoted public limited company which was incoqx›r*taJ in Pakist«o un December 06, 1979 «nice ITU repealed L'ompnies Acl, I9l3 (nnw tic C‹›myanics Act, 2017). The C'umpaoy is cngagc‹J in nt›n-file iaura»cc business mainly comprising n£firc. marine, motor, bond and surctyship, agriculture and allied and mimcllancous. The Company commenced iL

.commercial opcnitions in 19fl0. The registered and principal office of the Company is situated at l9 C/D. lllock L, €iulbcrg Ill, Main I-erozpiir Road, Lnhiirc-Pakistan. Shams of the Company arc quoted on Pakistan Stock Exchange.

The Company has been allowed to work Window Yakaful Operat‹ir through License No.10 on Aogusi 11, 2015 by Secinitics and Lxchnngc Commission of Pakistan under Window Takaful fiulcs, 2012 tu early on lslnnic €icnemllnsurancc in Pakistan. It has not trnnsnctcd any business nulsidc Pakistan.The SNCP has issued investigation orderdn1r:dMarch 21, 2019 againsl the Company formaticrs pertaining to claims paid/p»yabJe and pr‹›pcrty vcfuatiun an cpyoinlcJ an investigation ice›. The C‹›mpany has submitted c ru punñc tu fiLC'P and is cunfidcnL basc‹J un thu cunfirmatiun hmm tfiu lcg4T advisue tkat no advc«c infcrcncc is expected in rcsjxxt uf these matters exccyt two urdca have tween issued against ulnim investigation by the SLCP during the year 2020. Detail is as follows:The Securities »nd Exchange Cnmmiwiun of Pakistan (8ECP) has concluded its invcstigatinn agaim4 order

‹turd March 21. *019 against the Company and ha.s. issued two Orders. The .orders have alleged ihai the f'ompany has processed allcg‹xlly fiikc/hogus claims. The Company bas responded through its letter dated July 17, 2020 and vehemently denied and it is submitted that the Company has ncvcr been knowingly involved in processing any such clnims . The allegedly fake/bogus clnims.were referred to the Surveyor:m accordance with law, and the snme were processed after obtaining the survey reports from the Surveyor ldc

£.'ompany relied on ldc nxpcr£isc of &e Surveyor, whiuh is duly licensed cnlity by the SNCP la cunJuct the irrsursncc surveys undw tftc Ordinance. In aJJition, ii was suhmitM that fro›n Otc year 20 3 onwaft]s, tftc C.ompany has paid a ftilnl of 25,f›33 claims. Annually, tln numhct of claims paid by the Company avenue ovcr3,000 claims 

I.5 The Company hax adequate internal contrnl systems which arc reflected in tho processing ofmorc1hsn 3,001 claims in accordance with the law annually. The Company had n.yaestcd to withdraw the show cause notices. k‹›wvver, be SECP through irs ur‹lcr datcJ July 2, 2020 has im/›cscd Inc pcnahy am‹›unting t‹› Rs. 5.880 milli‹›n t‹› the fi‹›mj›any and itr B‹›ard of Ditccios. Wu Company has chalungcJ the ‹›rdcn and filed «x appeal before the Appellate Bench of LIIS finmmissinnand'cnpccting a favoumbJc outcome based on tile legal advisor opinion Tbc fioznpany I›ad also blacMistcd tbc Surveyor during tic ymr2U2 l. I'urthcr, LM ñurnpa¥ty kBs a filmJ a suit against the Surveyor for amounting to ks. 20.150 million. Therefore no proVLsion bss bet:n

1.6 With rcfc;runvc loabovc mcnliuncd puint at 1.3, reinsurance mcovcrics were alxo obtained from the res ctive reinsurers including Pakistan Reins cc Company Limited (PRCL). a govcrnmentonmcd entity. Tfic SECP has passed an nrder directing the Company ln provide snme mformntiiin. The Company belicvcs tfinl proceedings initiaud by PRCL wore beyond IJic scope of«ited Sections of the Ordinance anJ notice.We been issued t›n the ha.xis ‹›fscl«ciivc facts t›n insisencc t›f PRCL. The C'umg*ny has chsllcnyc4 the urJcr an4'fikxt an appeal bcf‹›rc tficApj›clatc Bench oflhc t"ummi*siun and expecting» fav‹›urahc oukumc.

2

The registered ofEcc of the Company is situated at I9 C/I3, Block L, Ciulbcrg INI, Main l'crozpur Road;

Lahur«-P6i«r›. The C‹›mp«ny upcntl ‹hruugh I ‹2024;]) grincip«l ‹›fñcc anJ 29 (20*4:28) hnuichcs in

BALM Oi-PREPARATIONID STATEMEN'1’OPCOMPLIANCL

StatesaeotofCompliaace

have been prepared in accordance with lhc accounting stud rcporhng standards as appl icablc in Pakistan for interim finsneia] reporting The accounDng and reporting standards as opplicoblc in Pakistan for interim hnnncialrcporDngcomprisc of:

1nicmati‹›na Accounting fiiandard (IAW) ?4. Interim f'inancia Rq›crting, ifry the International Accounting Standards Board (IASB) as omitted under the Companies Act 20l7;and

Provisions of and diicchvcs issued under tfie fiompanics Act, 2017, the Insurance Ordnance; 2tED, the Insurance Ru1tn, 2017, Insurance Accnunting Regulations, 20'l7, Tnkaful knees, 2012, and General Takaful

Aecnimiirig Rcgulatinns,.2019.

t4

AStA INSURANCE COM PANV LIMITED

NOTES Tt3 AND FORSIING PART OF THE CONDENSED INTERI M FINANCIAL STATEMENTS (UNAU DITEDJ F•OR THE HALF YEAR ENDED JUNE 30, 2II?5

Where the prt›visions nfanJJiia1ivcs issucJ unJcr tft £'nmp8zii Act, 20 ?. fhc insurance UriJinazicc, 200ñ, the lnsunincc Rults, 2sl7, In.svtnncc Accounting Rcgulatiuas, 211I†, Tataful Rules, 2tll2 and ficacBal TakafulAccoimting Regulations 2til9, differ with the requirements oflAS 34,thc provisions of anddirectives issued under the Co ipanics Act, 2017, the lnsumncc Ordinance. 20t10, the Insurance Rules, 2tl17. Insurance Accounting Regulations, 2017, Takaful Rules, 2012 nn‹1£;cncrul Zakaful Accounting Regulations. 2019 hnvc

full annual financing sbitemcnt and slioulil be read in conjunc0on win the oiuiua) finnnr'ia] statements of the Company as at and for the year ended December 31, 2tl24 which havc been prcpamd in accordance with approved accounting standardsasapplicable to insurance companies in Pakistan.

The comparative statement ‹if financial posiiiun picmntcfi in these condensed interim financial siatcmcafi huvc been cxlractcd from the annual audited fiiiancisl stntcmciits of the Company fof the year ended December 31, 2024, whcrcns the comparative condensed IDtorim statCloflflt 0 DDW WbWfii¥fl iflComfl. condensed interimstaterncnt ofcash flows and condensed interim statement of cluingcs in eqMityar0 extmetcd from the unauditcd condensed interim financial statements for thcsix months period endedlune 30, 2024.

In terms ufthercquimmcnt oftlic Tataful Rules 20t 2, mad with SLCPcircuiar 25‹if2015 dank IUHoly 2015. the assets, liabilities end profit and loss of the Operator's fund uf t6c ficncrul Takuful ( rations uf the Company have been pmscnlcd as single line item m the condensed interim statement of financial pesihon and statement of pmfit and losa account of the Company respectively.

These condensed interior financial stalcmcnfs have been prcpun i undcrthc historical cost convention except for certain bnnncial assets which arc stated at fair vnluc. These condensed interim lin»neia1 statements have been prepared following accnial basis ofaccoimfing except for cash flow information..

Th c cundcmed interim financial stakmcnâ hsve been prcpumd and presumed in Pakistan Rupees, which is the Company’s functional and presentation currcncy.

i s ra DARD3 lNTkRPRETATlONSA tDAME tDMEhiT3

4.1 Standards,lnterprelations rod nntendmi'nis effective during lte current periud

There arc certain act and amended stnndanfs, inlcrprclatifins and amendments thnt arc mandatory for the coznpzaics accounñoy periods bcginnia¿on or after JaJiuazy I, 2025 but arc considered not to be rclcvaat or do not kavñ any gnificaut ctTcct un af›mpanics n}jcrations enJ thercfnren‹›t JcfailcJ in the ›ndczLsc4 inUrim financial xiatcmcnts. During ihc pcri‹ J, certain new stanJarJs and amcnJmcnLx tu °xisling mandartix t›ccamc.

4J ltnnderds, amendments and interpretations tn existing stnndsrds thst arc not yet effective and have not been early adopted by &e Co fpany

The following Standards. amendments and interpretations tif approved accounting standards will be effective

Effective dcte (annuul periods

Standards, Interpretations or Amendments

bcgfiuñag oo or

IFRS 18 - Leases (amendments) ! January 2fJ24 lAS l - Presentation of financial statements (amendment.s) 1 January 2024 IAS 7 - Satcmcnt of cashflows (amendments) I January 2024

IFRS 9 - financial instruments 1 January 2026

IFRS

17 - lnsurancc Contracts 1 January 2027

Csrtain annunl improvements have also been made to a number of IFRSs.

t5