NORTHERN Corporate Disclosure — 29 November 2020

(Continuation news of NORTHERN): which is violation of the Bangladesh Labour Act 2006. 2. According to our calculation deferred tax liability will be 6,523,925 so the deferred tax liability and deferred tax expenses understated by 1,209,733. But we could not able to confirm opening balance of deferred tax liability due to shortage of documents. As per Paragraph 64 of IAS 12, Income Taxes entity should transfer excess depreciation net of deferred tax on revalued amount, (cont.2)