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[mudassar2704]

IFRS-10
(Golf and Related Matters)

1- Scope This standard shall immediately apply to all the entities regardless of their size and nature of operations.

2- Golf Training Immediately from the date of adoption of this IFRS entity shall take necessary steps to provide training of golf to it's current and subsequent employees.

3- Golf Club Every company currently registered or under the process of registration at any stock exchange will require to setup a golf club for it's employees.

4- Board of Directors Every public and private company shall have atleast 20% of the directors who have good repute and necessary experience of playing golf.

5- Tax Credit Tax credit equal to the double of the amount spent upon golf will be given to the company.

6- Disclosures For the purpose of compliance with this IFRS following disclusres in the annual financial statements will be made;
i) Number of golf grounds held and owned by the company,
ii)Valuation of golf related stores and spares included in the inventory
iii)Total funding to the cause of golf and tax credit availed
iv) Golf titles won by the company during the year