Karachi: Big Bird Foods Limited has completed the compilation of its financial statements for the year ended June 20, 2024. The financial statements include the company's statement of financial position, profit or loss, comprehensive income, changes in equity, and cash flows. This compilation adheres to the International Standard on Related Services 4410 (Revised), governing Compilation Engagements.

The statements are prepared following the International Financial Reporting Standards (IFRS) as approved under the Companies Act, 2017. The reporting standards are supplemented by specific provisions and directives issued under the same act, ensuring compliance with local regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), Big Bird Foods has utilized accounting and reporting standards prevalent in Pakistan. These standards include directives from the Companies Act, 2017, which occasionally deviate from IFRS to meet local statutory requirements.

The compilation report, verified by accounting professionals, asserts that the financial statements have been prepared with integrity and objectivity. The report emphasizes that the financial data's accuracy and completeness are the responsibility of Big Bird Foods' management. The firm engaged in the compilation has followed ethical standards, ensuring professional competence and due care in their conduct.

It is important to note that this compilation is not an assurance engagement. The accountants have not verified the accuracy or completeness of the information provided for the financial statements. Consequently, no audit opinion or review conclusion is expressed regarding the adherence of these financial statements to IFRS.

The primary purpose of this compilation report is for internal use within the company management and for submission to the Pakistan Stock Exchange Limited. It is advised that the compiled financial statements not be used for any other purpose or distributed to any person partially or in full.