Amal Ltd | Annual Report 2022-23 Note 1 Significant accounting policies (continued) provides an overview of the areas that involves a higher degree of judgement or complexity and of items that are more likely to be materially adjusted due to estimates and assumptions turning out to be different than those originally assessed. Detailed information about each of these estimates and judgements is included in relevant notes together with information about the basis of calculation for each affected line item in the Consolidated Financial Statements. The areas involving critical estimates or judgements are: i) Estimation for income tax: Note 1 (f) ii) Estimation of useful life of tangible assets: Note 1 (h) iii) Estimation of provision for inventories: Note 1 (m) iv) Allowance for credit losses on trade receivable: Note 1 (k) v) Estimation of claims | liabilities: Note 1 (r) vi) Estimation of defined benefit obligation: Note 1 (s) vii) Impairment: Note 1 (n)
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