Client: Muhammadi Gas Company (Private) Details Initials Date

Limited

Period: 30th June 2021 Prepared By Ahmed

Subject: Classification Criteria of Entities Reviewed By Haris

Classification Criteria of Entities

Sr DETAILS YES NO STATUS Applicable Companies

No. Accounting Act
Framework Schedule.
Public Interest Company (PIC)
A non-listed company, which is International Fifth
a) A subsidiary of a listed Financial Schedule
company`, or  Reporting of
1. b) A public sector Company, or  Standards. Companies
c) A public utility company, or  Act 2017.
d) Any Company holding assets
in fiduciary capacity, or 
e) Any company that has issued or
is going to issue instrument on 
capital market.

Large Size Company (LSC) International Fifth

2. A non-listed co having Financial Schedule
a) Paid up capital of Rs. 200  Reporting of
million, or more, or Standards. Companies
b) Turnover of Rs. 1 billion or  Act 2017
more 


3. Small Sized Entities
A company which is not a public
Interest Entity and satisfy both
following conditions
(i) paid-up capital up to Rs. 25 million

and;
(ii) turnover not exceeding Rs.100
million; 
 Medium Sized Company (MSC) Paid up
a.) A Non-listed Public Company capital is Revised AFRS for SSEs
4. which is neither of the three  Rs.
Categories defined in this table: 37.5Million Fifth Schedule
. hence it is
medium
size
company