(Continuation news of PRIMELIFE): However, (Tk. 55,42,24,450 - Tk. 50,28,23,450) Tk. 5,14,01,000, a portion of related advance payment was recognized as cost of said asset and reported against Land under Property Plants & Equipment Tk. 12,02,67,330 reflected in the Statement of Financial Position for the year ended June, 2016, therefore understatement of asset value by Tk. 50,28,23,450. (end)