ICLC Professional Services with regard to IFRS:

• Audit of IFRS-compliant financial statement;
• preparation of IFRS-compliant individual and consolidated financial statements using the transformation method;

Preparation of IFRS-compliant combined financial statements, including:

• defining of the perimeter of combination of the companies included in the group;
• identifying the factors confirming existence of controls;

Consulting services on the matters of the first time adoption of IFRS:

• development and implementation of individual IFRS transition plan;
• analysis of current assets and liabilities as of the IFRS transition date;
• analysis of economic substance of transactions for the purpose of posting to the statements (substance over form);
• comparative analysis of IFRS and RAS for the purpose of finding disparity of valuations and determining adjustment areas;
• development of IFRS-compliant accounting policy;
• development of account mapping according to RAS and IFRS;
• carrying out of reclassifications, adjustments, consolidation;
• collection of information and preparation of disclosures required in accordance with IFRS;
• preparation of a complete set of IFRS-compliant statements;
• submission, support and presentation of the prepared statements in the course of work with auditors, creditors, investors and other stakeholders;
• development of methodology of transformation and consolidation according to IFRS on the basis of information systems — in relation to both dedicated parts, and the whole process of the statements preparation;
• training of employees under an individual program with respect to the process of the IFRS-compliant financial statements’ preparation;
• consulting on challenging issues of implementation of IFRS.