2. How the accountants play their roles in square pharmaceuticals limited?

The accountants at Square Pharmaceuticals limited create consolidated financial statements of

Square Pharmaceuticals Limited and its subsidiary (the “Group”) as well as separate financial
statements for Square Pharmaceuticals Limited (the “Company”). They also prepare separate
statement as follows:

 Consolidated statement of financial positions

 Consolidated statement of profit or loss and other comprehensive income
 Consolidated statement of changes in equity
 Consolidated statements of cash flows

All of these financial statements are made in accordance with International Financial Reporting
Standards (IFRS).

In preparing the consolidated and separate financial statements, management assesses the
Group’s and the Company’s ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless
management either intends to liquidate the Group and the Company or to cease operations, or
has no realistic alternative but to do so.