NORTHERN Corporate Disclosure — 29 November 2020

(Continuation news of NORTHERN): from revaluation surplus to equity after considering deferred tax. But entity transferred excess depreciation from revaluation surplus to equity without considering deferred tax and no deferred tax was maintained in respect of revaluation surplus. So deferred tax liability understated and equity overstated by same amount. 3. Company constructed four dormitories with total area of sixteen thousand square feet and cost of total (cont.3)