Emphasis of matter
As discussed in Note 14 of the financial statements, the comparative figures in financial statements for the year 2014 have been restated to correct errors.
As per the contract executed between, M/s IDROTEC S.R.L., A Limited Liability Company incorporated under the laws of Italy and Mr. Awadh Tareef Mohamed Al Kutbi, a U.A.E. National (Holder of passport no 0007696), Mr. Awadh Tareef Mohamed Al Kutbi was appointed as National Agent, on 20/12/2011 duly executed under Judicial Department, Emirates of Abu Dhabi
National Agent fees refers to the amount payable to the National Agent as remuneration as per the clause no 8.1 of the Contract referred above, which is AED 250,000/- per year and is provided in accounts for the years 2012, 2013 and 2014 during the year 2014 and paid during the year 2015.