TERMINOLOGY, FORMS & METHODS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS. COPYRIGHT RODERICK SEEMAN

Article 32. Indications of Deferred Assets Sections The assets belonging to deferred assets must be entered in accord with the division of the items listed below and entered with an item name indicating the said asset. Provided however, where the monetary amount of the asset belonging to the said item is small in amount and where it is recognized that indications together with assets belonging to other items is suitable, the entry can be made together with an item having a suitable name.

i. Establishment expenses.

ii. Business development expenses

iii. New share issuing expenses

iv. Bond issuing expenses

v. Bond issue discount

vi. Development expenses.

vii. Testing and laboratory Expenses

viii. Interest on construction

2. The provisions of Article 23, paragraph 2 apply mutatis mutandis in the cases of the previous paragraph.