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					XYZ LIMITED
TRIAL BALANCE FOR THE YEAR ENDED JUNE 30, 2009

                                                                                   -                 -                 -

         HEAD OF ACCOUNT                                               UNADJUSTED         ADJUSTMENT        ADJUSTED

PAID UP CAPITAL                                                           (293,440,000)                       (293,440,000)
                                                                                                                       -
SHARE DEPOST MONEY                                                         (83,223,886)                        (83,223,886)
                                                                                                                       -
PROFIT AND LOSS ACCOUNT                                                    20,363,834                           20,363,834
DUE TO ASSOCIATES                                                                                                      -
                                            (356,300,052)                                                              -
   Hi-Tech Feeds                                            12-1-3-1      (362,020,367)                       (362,020,367)
   Hi-Tech Edible Oils                                      12-1-2-1        15,200,000                          15,200,000
   Hi Tech Feeds (pvt) ltd. (Miscl.)                                         8,225,000                           8,225,000
   Hi-Tech Feeds (Miscl.)                                   12-1-3-3       727,798,318                         727,798,318
   Hi-Tech Pharmaceuticals                                                 (44,626,840)                        (44,626,840)
   Hi-tech Farms                                            12-1-4-1      (105,512,063)         (157,569)     (105,669,632)
   Shahzoor P.B.                                                               (14,175)                            (14,175)
                                            239,049,873                                                                -
ACCOUNTS PAYABLE                                                                                                       -
                                                                                                                       -
   Creditors For Goods (Cr. Bal)/                                          (13,437,034)                        (13,437,034)
   Creditors For Goods (Dr. Bal)                                            34,846,913                          34,846,913
   Creditors For Transportation (Cr. Bal)                                     (323,897)                           (323,897)
   Creditors For Transportation (Dr. Bal)                                                                              -
                                             21,085,982                                                                -
Creditors For Expenses                                                                                                 -
   Salaries & Wages                                                         (4,742,549)                         (4,742,549)
   Electricity Bills Payable                                                (4,320,542)                         (4,320,542)
   Telephone Bills                                                             (68,261)                            (68,261)
   Markup Payable                                                          (15,146,897)       15,146,897               -
   Social Security Contribution                                               (164,830)                           (164,830)
   E.O.B.I                                                                    (129,240)                           (129,240)
                                                                                                                       -
Creditors For Others                                                                                                   -
   Security Payable (Cr. Bal)                       12-4-1                    (220,000)                           (220,000)
   Security Payable (Dr. Bal)                                                   17,401                              17,401
   Temporary Payable Against Mazda Vehicle                                         -                                   -
   Taxes Payable(i.tax)                                                                                                -
   Prov.for tax                         (9,455,249)                                                                    -

Short Term Loan                                                                                                       -
   MCB Islamaic Bank                                                                                                  -
   Dawood Islamic Bank                                                                                                -
   MCB Running Finance                                                                                                -
LETTER OF CREDIT                                                                   -                                  -
                                                                                                                      -
   Letter Of Credit (Dr. Balances)                                            323,723                             323,723
                                                                                                                      -
WORK IN PROCESS                                                                                                       -
                                                                                                                      -
PROPERTY AND ASSETS                                                                                                   -
                                                                                                                      -
   LAND                                                                    79,166,039                          79,166,039
   BUILDING                                                               143,982,955                         143,982,955
   PLANT AND MACHINERY                                                    117,137,312                         117,137,312
   FURNITURE AND FIXTURE                                                    1,496,747                           1,496,747
   OFFICE EQUIPMENT                                                         1,315,543                           1,315,543
   ELECTRICAL EQUIPMENT+ COMPUTERS                                         42,601,311                          42,601,311
   HATCHERY & FARM EQUIPMENT                                              105,708,577                         105,708,577
   VEHICLES                                                                52,886,701                          52,886,701
   Vehicles Disposal Account                                                      -                                   -
                             544,618,908                                                                              -
        HEAD OF ACCOUNT                                          UNADJUSTED              ADJUSTMENT        ADJUSTED
  L/C                                                                                                                 -
                                                                                                                      -
                                                                                                                      -
                                   544,618,908                                                                        -
ACCUMULATED DEP                                                                                                       -
                                                                                                                      -
  BUILDING                                                               (83,362,676)                         (83,362,676)
  PLANT & MACHINERY                                                      (49,687,888)                         (49,687,888)
  FURNITURE & FIXTURE                                                       (974,330)                            (974,330)
  OFFICE EQUIPMENT                                                          (857,493)                            (857,493)
  HATCHERY & FARM EQUIP.                                                 (48,987,882)                         (48,987,882)
  VEHILCES                                                               (32,944,095)                         (32,944,095)
  ELECTRICAL EQUIPMENT                                                   (17,922,433)                         (17,922,433)
                                   (234,736,797)                                                                      -
PRELIMINARY EXPENSES written Off                                                                                      -
                                                                                                                      -
LOSS/GAIN ON DISPOSAL OF VEHICLE                                                                                      -
                                                                                                                      -
  (GAIN) / LOSS                                                             (401,092)                            (401,092)
                                                                                                                      -
ACCOUNT RECEIVABLE                                                                                                    -
  DEBIT BALANCE                                                           19,770,572                           19,770,572
  CREDIT BALANCE                                                        (440,808,374)                        (440,808,374)
                                                                                                                      -
ADVANCE TO CONTRACTOR                                                                                                 -
  DEBIT BALANCE                                    21-20-1                35,874,058                           35,874,058
  CREDIT BALANCE                                   21-20-1                  (140,979)                            (140,979)
                                                                                                                      -
ADVANCE TO STAFF                                                                                                      -
  DEBIT BALANCE                                    21-20-2 & 21-20-3       2,994,819                            2,994,819
  Nadeem Sb                                                                      -                                    -
  CREDIT BALANCE                                   21-20-2 & 21-20-3        (385,694)                            (385,694)
  Hassan Auditor                                                                 -                                    -
ADVANCE TO DIRECTORS                                                                                                  -
                                                                                                                      -
                                                                                                                      -
WITH-HOLDING TAX ADVANCE                                                                                              -
                                                                                                                      -
  WITH-HOLDING TAX                                 21-20-4                31,107,134         22,018,058        53,125,192
  Deffered Tax                                                                              (22,018,058)      (22,018,058)
  PROVISION FOR TURNOVER TAX                       12-3-8-1                1,510,461                            1,510,461
  W.H.T DEDUCTED BY OTHERS                         12-3-8-2                      -                                    -
  PROVISION FOR TAXATION                           12-3-8-3              (47,910,417)                         (47,910,417)
                                    (15,292,822)                                                                      -
PREPAID INSURANCE                                  21-20-6-1                                                          -
PREPAID RENT                                       21-20-6-2                   8,313                                8,313
SECURITY DEPOSIT                                   21-20-5                                                            -
       Long term                                                           1,830,234                            1,830,234
       Short term                                                                -                                    -
CLOSING STOCK                                                                                                         -
  EGGS IN MACHINES & ROOM                                                 62,726,400                           62,726,400
  PARENT FOLCK - 8                                                        96,780,918                           96,780,918
  STOCK OF FEED                                                           21,064,299                           21,064,299
  STOCK OF MEDICINE                                                                                                   -
                                   180,571,617                                                                        -
                                                                                                                      -
CASH WITH DIRECTORS                                21-21-4                        -                                   -
                                                                                                                      -
DEBTORS CONTROL A/C                                21-21-5                   413,399                              413,399
CASH AND BANK BALANCE                                                                                                 -
                                                                                                                      -
  CASH IN HAND                                     21-21-1 & 2             3,172,863           157,569          3,330,432
  CASH AT BANK                                     21-21-3                                                            -
      On Deposit Accounts                                                 92,547,367                           92,547,367
      On RF Account
      On Current Accounts                                                         -                                    -
                                   (119,444,627)                                                                       -
SALE OF CHICKS                                                                                                         -
  SALE OF CHICKS (A-Grade)                                             (1,148,572,678)                      (1,148,572,678)
        HEAD OF ACCOUNT                                        UNADJUSTED         ADJUSTMENT   ADJUSTED
  SALE OF CHICKS (B-Grade)                                         (52,399,021)                  (52,399,021)
                                                                                                         -
SALE OF EGGS                                                                                             -
  SALE OF EGGS                                                     (14,049,104)                  (14,049,104)
                                                                                                         -
SALE OF CULL BIRDS                                                                                       -
  SALE OF CULL BIRDS                                               (52,174,257)                  (52,174,257)
                                                                                                         -
SALE OF EMPTY BAGS                                                                                       -
  SALE OF EMPTY FEED BAGS                                           (2,373,299)                   (2,373,299)
                                                                                                         -
OTHER INCOME                                                                                             -
  BROILER SALE                                                     (63,698,453)                  (63,698,453)
  HATCHERY                                                          (2,283,484)                   (2,283,484)
  FARMS                                                             (3,633,003)                   (3,633,003)
  INTEREST INCOME                                                     (980,672)                     (980,672)
                                 (1,340,163,971)                                                         -
COST AT FARMS                                                                                            -
                                                                                                         -
  COST OF BREEDER                                                                                        -
    Cost of Parent Flock                           COPF            146,614,588                   146,614,588
                                                                                                         -
  FEED CONSUMED                                    FEED                                                  -
    Feed Purchased                                 FEED            705,814,339                   705,814,339
    Feed Freight                                   FEED              5,745,177                     5,745,177
    Loading Unloading                              FEED                266,705                       266,705
                                                                                                         -
  Direct Production Expenses                                                                             -
     Brooding Expenses                             BROD                 81,900                        81,900
     Rice Husk & Packing                           BROD              4,969,808                     4,969,808
                                                                                                         -
    Lab Expenses                                   LAB EXP                                               -
                                                                                                         -
    Medicines & Vaccines                           MED & VAC        54,332,939                    54,332,939
    Disinfectants                                  MED & VAC         2,128,541                     2,128,541
                                                                                                         -
  FUEL & POWER                                                                                           -
    Diesal For Generator                           FUEL & POWER     22,319,855                    22,319,855
    Generator R & M                                FUEL & POWER      6,642,632                     6,642,632
    Electricity Bill                               FUEL & POWER     28,595,028                    28,595,028
    Saw Dust Expenses                              FUEL & POWER          7,195                         7,195
                                                                                                         -
  SALARIES WAGES & BENEFITES                                                                             -
    Salaries                                       SW & B           31,408,544                    31,408,544
    Social Security Contribution                   SW & B            1,543,148                     1,543,148
    EOBI Contribution                              SW & B            1,532,389                     1,532,389
    Leave Encashment                               SW & B              113,447                       113,447
    Bounas                                         SW & B            2,711,906                     2,711,906
    Staff Welfare                                  SW & B            2,590,435                     2,590,435
    Gratuity                                       SW & B              141,700                       141,700
                                                                                                         -
  FREIGHT & OCTOI                                                                                        -
    General Freight                                FREIGHT & OCT       375,283                       375,283
    Bird Shifting Charges                          FREIGHT & OCT        25,632                        25,632
    Eggs Freight & Octori                          FREIGHT & OCT     2,449,607                     2,449,607
    Water Freight Battal Farm                      FREIGHT & OCT                                         -
                                                                                                         -
  Vehicel Petrol & Maintenance                                                                           -
    Petrol Expenses                                VRM                609,653                        609,653
    Repair Expenses                                VRM                933,468                        933,468
                                                                                                         -
  Farm Admin Expenses                                                                                    -
     Telephone                                     TELEPONE           163,146                        163,146
     Mobile Expenses                               TELEPONE            52,380                         52,380
                                                                                                         -
    Insurance Expenses                             INSURANCE          160,104                        160,104
                                                                                                         -
    Agricultural Expenses                          MISC                50,088                         50,088
                                                                                                         -
        HEAD OF ACCOUNT                                             UNADJUSTED       ADJUSTMENT   ADJUSTED
     PRINTING & STATIONERY                          PRINTING              115,332                      115,332
                                                                                                           -
     Postage & Courier                              POSTAGE                  4,830                       4,830
                                                                                                           -
     NEWSPAER EXP.                                  NEWSPAPER              33,493                       33,493
                                                                                                           -
     Entertainment                                  ENTERTAINMENT         116,523                      116,523
                                                                                                           -
     Travelling & Conveyance                        TRAVELLING            193,022                      193,022
                                                                                                           -
     Rent Rates & Taxes                             RENT, RATES           113,920                      113,920
                                                                                                           -
     Charity & Donation                             MISC                                                   -
     MISCELLANEOUS EXP.                             MISC                  120,378                      120,378
                                                                .
     Repair & Maintenance                           GRM                  6,407,216                    6,407,216
                                                                                                            -
     Electric Repair                                ERM                  3,212,516                    3,212,516
                                                                                                            -
     Security Expenses                              SW & B                 20,875                        20,875
                                                                                                            -
                                    1,032,717,742                                                           -
Hatchry Expenses                                                                                            -
                                                                                                            -
  EGGS SETTING CHARGES                                                                                      -
    Eggs Setting Charges                            HATCHING                                                -
                                                                                                            -
  Packing & Freight Expenses                                                                                -
     Egg Trays                                      PACKING              1,503,190                    1,503,190
     Paper Cutting Expenses                         PACKING                                                 -
     Freight On Eggs                                FREIGHT & OCT        1,746,545                    1,746,545
     Freight & Octori                               FREIGHT & OCT          648,888                      648,888
     Loading & Unloading                            FREIGHT & OCT                                           -
     Packing expenses                               PACKING                34,690                        34,690
                                                                                                            -
  Direct Production Expenses                                                                                -
     Disinfectants                                  MED & VAC            6,702,898                    6,702,898
     Medication Expenses                            MED & VAC            1,056,653                    1,056,653
     Lab Expenses                                   LAB EXP                                                 -
                                                                                                            -
  Fuel & Power                                                                                              -
    Diesel For Generator                            FUEL & POWER        14,858,827                   14,858,827
    Generator R/M                                   FUEL & POWER         1,136,280                    1,136,280
    Electricity Bills                               FUEL & POWER        13,804,365                   13,804,365
                                                                                                            -
  Salary & Wages                                                                                            -
     Salaries Expenses                              SW & B              11,499,295                   11,499,295
     Social Security Contribution                   SW & B                 301,485                      301,485
     EOBI Contribution                              SW & B                 232,500                      232,500
     Leave Encashment                               SW & B                  34,767                       34,767
     Bounas                                         SW & B               1,158,000                    1,158,000
     Staff Welfare                                  SW & B                 304,623                      304,623
     Gratuity                                       SW & B                 445,409                      445,409
                                                                                                            -
  Vehicle Petrol & Maintenance                                                                              -
    Petrol Expenses                                 VRM                   150,681                       150,681
    Repair Expenses                                 VRM                   977,542                       977,542
    M.V. Petrol Expenses H. Ishaq Sb                VRM                                                     -
    M.V. Repair Expenses H. Ishaq Sb                VRM                                                     -
    M.V. Petrol Dong Feng                           VRM                                                     -
                                                                                                            -
  Hatchry Admin Expenss                                                                                     -
                                                                                                            -
     Telephone                                      TELEFONE              175,272                       175,272
     Insurance Expenses                             INSURANCE              96,380                        96,380
     PRINTING & STATIONERY                          PRINTING               83,544                        83,544
     Postage & Courier                               POSTAGE                  600                           600
     NEWSPAER EXP.                                  NEWSPAPER               7,065                         7,065
     Entertainment                                  ENTERTAINMENT          47,731                        47,731
        HEAD OF ACCOUNT                                        UNADJUSTED       ADJUSTMENT   ADJUSTED
     Travelling & Conveyance                     TRAVELLING          112,839                      112,839
     Rent Rates & Taxes                          RENT, RATES         175,382                      175,382
     Charity & Donation                          MISC                                                 -
     MISCELLANEOUS EXP.                          MISC                 110,136                     110,136
     Repair & Maintenance                        GRM                  460,869                     460,869
     Electric Repair                             ERM                1,689,662                   1,689,662
     Bad Debts                                                                                        -
                                                                                                      -
                                    59,556,118                                                        -
                                                                                                      -
  Laboratory Expenses                                                                                 -
                                                                                                      -
  Direct Production Expenses                                                                          -
     Medication Expenses                         MED & VAC            17,280                       17,280
     Lab Testing Expenses                        LAB EXP             129,639                      129,639
                                                                                                      -
  Fuel & Power                                                                                        -
    Electricity Bills                            FUEL & POWER         80,639                       80,639
                                                                                                      -
  Salary & Wages                                                                                      -
     Salaries Expenses                           SW & B              415,408                      415,408
     Social Security Contribution                SW & B               13,140                       13,140
     EOBI Contribution                           SW & B                9,720                        9,720
     Bounas                                      SW & B               43,920                       43,920
     Staff Welfare                               SW & B                6,159                        6,159
     Lab Allowance                               SW & B                                               -
                                                                                                      -
  Vehicle Petrol & Maintenance                                                                        -
    M.V. Petrol Expenses                         VRM                                                  -
    M.V. Repair Expenses                         VRM                                                  -
                                                                                                      -
  Laboratory Admin Expenss                                                                            -
    Telephone                                    TELEFONE             20,716                       20,716
    PRINTING & STATIONERY                        PRINTING                685                          685
    Postage & Courier                            POSTAGE                 270                          270
    NEWSPAER EXP.                                NEWSPAPER             3,726                        3,726
    Entertainment Lab                            ENTERTAINMENT         8,311                        8,311
    Travelling & Conveyance                      TRAVELLING           22,355                       22,355
    Rent Rates & Taxes                           RENT RATES            8,100                        8,100
    MISCELLANEOUS EXP.                           MISC                  9,962                        9,962
    Repair & Maintenance                         GRM                   6,079                        6,079
    Electric Repair                              ENTERTAINMENT        12,101                       12,101
    Fee & Suscription                            MISC                                                 -
                                      808,210                                                         -
                                                                                                      -
                                                                                                      -
Production Sub Office Expenses                                                                        -
   Fuel & Power                                                                                       -
     Electricity Bills                                                                                -
     Sui Gass Bills                                                                                   -
                                                                                                      -
  Salary & Wages                                                                                      -
     Salaries Expenses                                                                                -
                                                                                                      -
  Vehicle Petrol & Maintenance                                                                        -
    M.V. Petrol Expenses                                                                              -
    M.V. Repair Expenses                                                                              -
                                                                                                      -
  Sub Office Admin Admin Expenss                                                                      -
    Telephone                                                                                         -
    PRINTING & STATIONERY                                                                             -
    Postage & Courier                                                                                 -
    NEWSPAER EXP.                                                                                     -
    Entertainment Lab                                                                                 -
    Travelling & Conveyance                                                                           -
    Rent Rates & Taxes                                                                                -
    MISCELLANEOUS EXP.                                                                                -
    Repair & Maintenance                                                                              -
    Electric Repair                                                                                   -
        HEAD OF ACCOUNT                                UNADJUSTED       ADJUSTMENT        ADJUSTED
    Fee & Suscription                                                                               -
                                    -                                                               -
                                                                                                    -
ADMIN EXPENSES                                                                                      -
                                                                                                    -
  SALARIES WAGES & BENE                                     6,547,953                         6,547,953
  VEHICLE RUNNING                                             180,933                           180,933
  ENTERTAINMENT                                               206,323                           206,323
  TRAVELLING & CONVEYANCE                                      58,803                            58,803
  POSTAGE & TELEGRAM                                           50,409                            50,409
  TELEPHONE EXP.                                              106,413                           106,413
  INSURANCE                                                    93,455                            93,455
  PRINTING & STATIONERY                                       174,342                           174,342
  RENT RATES & TAXES                                          799,853                           799,853
  REPAIR & MAINTEANCE                                         119,981                           119,981
  LEGAL & PROFESSIONAL                                        353,690                           353,690
  MISCELLANEOUS EXP.                                          150,397                           150,397
  DONATION EXP.                                                                                     -
  BANK CHARGES                                                396,401                           396,401
  ADVERTISEMENT                                               200,705                           200,705
  NEWSPAPER EXP                                                 6,903                             6,903
  UTILITY BILLS                                               917,025                           917,025
  Bank's Profit Charges                                    55,757,727      (15,146,897)      40,610,830
                             66,121,313                                                             -
MANAGEMENT EXP.                                                                                     -
                                                                                                    -
  DIRECTORS REMUNIRATION                                    5,743,100                         5,743,100
  VEHICEL RUNNING                                             913,224                           913,224
  TELEPHONE EXP.                                              644,166                           644,166
  TRAVELLING & CONVEYANCE                                     252,266                           252,266
  INSURANCE                                                   483,617                           483,617
  AUDIT FEE                                                                                         -
                              8,036,373                                                             -
FINANCIAL CHARGES                                                                                   -
                             74,157,686                                                             -
SELLING EXPENSES                                                                                    -
                                                                                                    -
  PACKING EXP.                                             11,198,160                        11,198,160
  FREIGHT & OCTROI                                         28,045,115                        28,045,115
  TRAVELLING & CONVEYANCE                                     336,512                           336,512
  POWER & Utilities                                         1,023,579                         1,023,579
  SALARIES & WAGES                                          8,054,760                         8,054,760
  Hatchry Expenses                                                                                  -
  VEHICLE RUNNING                                           2,877,002                         2,877,002
                                                                                                    -
  Other Selling Expenses                                                                            -
                                                                                                    -
  ENTERTAINMENT                                               359,692                           359,692
  RENT RATES & TAXES                                          972,733                           972,733
  TELEPHONE EXP.                                            1,056,874                         1,056,874
  ADVERTISEMENT EXP.                                           10,000                            10,000
  Hotel Bill Dr Hafeez Sb                                     20,405                             20,405
  INSURANCE                                                  441,936                            441,936
  POSTAGE EXP.                                                72,430                             72,430
  PRINTING & STATIONERY                                      121,524                            121,524
  MISC EXP.                                                   24,729                             24,729
  BANK CHARGES                                               125,449                            125,449
  Travellig & Conveyance                                      57,373                             57,373
  NEWSPAPER & PERIODICALS                                     15,201                             15,201
  REPAIR & MAINTENACE                                         31,703                             31,703
  DONATION EXP.                                                                                     -
  SALE OF EMPTY FEED BAGS                                                                           -
  COMMISSION OF CHICKS                    ##########       48,981,761                        48,981,761


        TRIAL BALANCE TOTAL                                       -                -                -
                            103,826,938
HEAD OF ACCOUNT   UNADJUSTED   ADJUSTMENT   ADJUSTED
                                              103,826,938
                              -




        -      Notes
        -
        -      B/S
        -
        -      Profit & Loss A/c
        -      **************
        -
        -      Grouping/ Creditors
        -      Grouping
               Grouping
        -      B/S

   157,569     Sale of Kar Hat & cash received



        -

        -      Grouping
               Notes
               Grouping
               Notes
        -
        -
               Grouping
        -      Grouping
        -      Grouping
(15,146,897)
        -      Grouping
        -      Grouping

                       (9,425,422)




        -




        -



        -

        -
        -
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -      Assets Schedule
        -
        -
         -
         -
         -
         -
         -
         -
         -     Assets Schedule
         -     Assets Schedule
         -     Assets Schedule
         -     Assets Schedule
         -     Assets Schedule
         -     Assets Schedule
         -     Assets Schedule
         -
         -
         -
         -
         -
 #REF!
         -
         -
         -     Grouping
         -     Notes
         -
         -
         -     Cash from Sayyed bros
         -     Grouping
         -
         -
         -     Notes
         -
         -     Grouping

        -
        -
        -
        -
        -
(22,018,058)   Grouping
 22,018,058
        -      Grouping
        -      Grouping
        -      Grouping
        -          (15,292,822)
        -
        -      Notes
        -      Grouping
        -
        -
        -
        -      Notes
        -      Notes
        -      Notes
        -
        -
        -
        -
        -
        -      Cash reduce from parties
        -
        -
   (157,569)   Cash reduce from parties
        -
        -

         -
         -
         -
         -     Increase in sales     (14,500,000)
-
-
-
-                     10,000,000
-
-
-
-
-
-                      1,000,000
-
-
-
-                      2,500,000
-   (1,339,183,299)    1,000,000
-
-
-                            -
-
-

      146,614,588



      711,826,221



        5,051,708

               -


       56,461,480

-



       57,564,710




       40,041,569




        2,850,522



        1,543,121



          215,526

          160,104

          170,466
             115,332

                4,830

              33,493

             116,523

             193,022

             113,920

    MISC
    MISC

            6,407,216

            3,212,516

    SW & B

-     1,032,717,742
-
-
-
                  -



            1,537,880


         2,395,433
    PAKING
         3,933,313


            7,759,551
                  -




           29,799,472




           13,976,079




            1,128,223



-
-
-
-
-
-
-
-
-
-
-
-   2,959,480

-
-




     146,919


      80,639




     488,347



          -




      92,305




          -




          -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
15,146,897
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -




       -

       -



       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -
       -

       -     Mortality Allowance


       -
a




a
a
                                                                                    XYZ LIMITED
                                                                                  BALANCE SHEET
                                                                                AS AT 30TH JUNE, 2010

                                                                  2010             2009                                                      2010             2009
CAPITAL & LIABILITIES                                NOTE        RUPEES           RUPEES          FIXED CAPITAL EXPENDITURE         Note    RUPEES           RUPEES

Share Capital                                                                                     Operating Fixed Assets
Authorised :
35,000,000 (2009: 35,000,000) ordinary                                                             --- at cost less accumulated
 shares of Rs10                                                  350,000,000      350,000,000               depreciation             10     284,524,894      275,748,268

Issued, subscribed and paid up capital                  4        293,440,000      293,440,000     LONG TERM ADVANCES AND
Un-appropriated profit                                            26,539,115      (20,363,834)     DEPOSITS                          11     100,255,234      100,360,130
              Shareholders Equity                                319,979,115      273,076,166

LONG TERM LOANS FROM DIRECTORS                          5         83,223,886       83,223,886

DEFRRED LAIABITIES- Taxation                            6         22,018,058       22,018,058

CURRENT LIABILITIES                                                                               CURRENT ASSETS
Short term borrowings                                   7        105,683,807      540,003,296     Stores & stock in trade            12     144,253,592      180,571,613
Creditors, advances, accrued,                                                                     Trade debtors                      13      19,770,572       20,695,602
 and other liabilities                                  8        871,388,607      114,809,633     Advances, deposits, prepayments
                                                                                                   and other receivables             14     782,453,419      423,651,394
Provision for taxation                                            25,255,434        4,025,803     Cash & bank balances               15      96,291,198       36,129,834

            Total Current Liabilities                           1,002,327,848     658,838,731               Total Current Assets           1,042,768,780     661,048,443

CONTENGENCIES & COMMITMENTS                             9                 -                -

Total Rupees                                                    1,427,548,907    1,037,156,841    Total Rupees                             1,427,548,907    1,037,156,841
                                                                                                                                                     -                 (0)
NOTES:
1. Auditors report to the members is annexed.
2. The annexed notes form an integral part of these accounts.




                                                                                CHIEF EXECUTIVE                                                            DIRECTOR
                                             XYZ LIMITED
                               PROFIT AND LOSS ACCOUNT
                           FOR THE YEAR ENDED 30TH JUNE, 2010
                                                                  2010            2009
                                                      Note       Rupees          Rupees


SALES                                                  16       1,330,893,513    805,160,539
COST OF GOODS SOLD                                     17       1,142,109,478    707,798,184
GROSS PROFIT                                                      188,784,035     97,362,355


OPERATING EXPENSES
Administrative and general                             18         22,434,285      16,565,375
Selling and distribution                               19        103,701,489      60,662,723


Total Operating Expenses                                         126,135,774      77,228,098
OPERATING PROFIT                                                  62,648,260      20,134,257


FINANCIAL AND OTHER CHARGES                            20         40,736,279      66,481,564
                                                                  21,911,981     (46,347,306)
OTHER INCOME                                           21         50,246,402      23,187,176


PROFIT BEFORE TAXATION                                            72,158,383     (23,160,130)
TAXATION
  Current                                                         25,255,434       4,025,803
  Deferred                                                                        (5,335,949)


                                                                  25,255,434      (1,310,146)
PROFIT AFTER TAXATION                                             46,902,949     (21,849,984)


UN - APPROPRIATED PROFIT
 BROUGHT FORWARD                                                  (20,363,834)     1,486,150

UN - APPROPRIATED PROFIT
CARRIED TO BALANCE SHEET                                          26,539,115     (20,363,834)


EARNING PER SHARE - Basic & diluted                    22                1.60            (0.74)

NOTES:                                                                                     -
1. Auditors report to the members is annexed.
2. The annexed notes form an integral part of these accounts.




             CHIEF EXECUTIVE
                                             XYZ LIMITED
                                    CASH FLOW STATEMENT
                              FOR THE YEAR ENDED 30TH JUNE, 2010

                                                            2010                 2009
                                                           RUPEES               RUPEES
CASH FLOW FROM OPERATING ACTIVITIES
 Profit/(Loss) Before Mark up & Taxation                    112,769,213           43,175,987
 Adjustments For Non Cash Charges & Other Items
   Depreciation & Amortization                               25,033,496           23,556,430
   Gain on Disposal of Operating Fixed Assets                  (401,092)          (1,047,913)

    CASH FLOW FROM OPERATING ACTIVITIES
      BEFORE WORKING CAPITAL CHARGES                        137,401,617           65,684,504

(Increase)/Decrease in Current Assets
     Stores & stock in trade                                 36,318,021            5,242,482
     Trade debtors                                              925,030           59,271,076
     Advances, deposits, prepayments &
     & other receivables                                   (357,969,920)         (177,426,567)
Increase/(Decrease) in Current Liabilities
    Creditors, advances, accrued,
       and other liabilities                                771,725,871           38,878,895

      NET CASH GENERATED FROM /(USED) IN
           WORKING CAPITAL CHANGES                          450,999,003           (74,034,113)

CASH UTILISED IN OPERATING ACTIVITIES                       588,400,620               (8,349,609)
ADD/(LESS):
   Taxes paid                                                (4,857,907)           (2,337,496)
   Financial charges paid                                   (55,757,727)          (62,554,549)
                                                            (60,615,634)          (64,892,045)
      NET CASH UTILISED IN OPERATIONS                       527,784,986           (73,241,654)
CASH FLOW FROM INVESTING ACTIVITIES

   Fixed capital expenditure                                (33,581,636)              (1,104,582)
   Proceeds from the disposal of fixed assets                   401,092                2,995,000
   Long term advances & deposits                               (104,896)                 505,832
   NET CASH USED IN INVESTING ACTIVITIES                    (33,285,440)               2,396,250
CASH FLOW FROM FINANCING ACTIVITIES
    Short term bank borrowings                             (499,490,393)          49,490,393
    Due to associated undertaking                            65,170,904           23,228,818
NET CASH GENERATED FROM INVESTING ACTIVITIES               (434,319,489)          72,719,211
NET INCREASE/ (DECREASE) IN CASH & CASH
EQUIVALENTS                                                  60,180,057               1,873,807
CASH & CASH EQUIVALENTS AT THE BEGINNING
OF THE YEAR                                                  36,129,834           34,256,027
CASH & CASH EQUIVALENTS AT THE END
OF THE YEAR                                                  96,309,890           36,129,834
                                                                 18,693




                   CHIEF EXECUTIVE                                         DIRECTOR
NOTES TO CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE, 2010



                                                          2010           2009
  TAXES PAID
  Opening balance provision for taxation                   4,025,803      3,127,811
  Opening balance deferred taxation                       22,018,058     27,388,845
  Closing balance advance income tax                       6,725,236      5,893,132
  Add:
  Tax charge for year                                     25,255,434      (1,310,146)
  Less:
  Closing balance provision for taxation                  (25,255,434)    (4,025,803)
  Closing balance deferred taxation                       (22,018,058)   (22,018,058)
  Opening balance advance income tax                       (5,893,132)    (6,718,284)



                                                           4,857,907      2,337,496


                                                          2010           2009
  SALE PROCEEDS OF FIXED ASSETS
  Book Value of Fixed Assets
    Cost                                                          -        3,894,654
    Accumulated depreciation                                      -       (1,947,567)
  Book Value of Fixed Assets Sold                                 -        1,947,087
  Add:
  Gain on Disposal of Fixed Assets - other income            401,092      1,047,913
  Gain on Disposal of Fixed Assets - extraordinary item

  Sale Proceeds of Fixed Assets                              401,092      2,995,000



  FINANCIAL CHARGES PAID
  Opening balance accrued financial charges               15,146,897     11,365,329
  Add:
  Mark up for the period                                  40,610,830     66,336,117
  Less:
  Closing balance accrued financial charges                       -      (15,146,897)

                                                          55,757,727     62,554,549
                                                  XYZ LIMITED
                                 STATEMENT OF OTHER COMPREHENSIVE INCOME
                                      FOR THE YEAR ENDED 30TH JUNE, 2009


                                                                            RUPEES
                                                   SHARE             SHARE      ACCUMULATED
                 PARTICULARS                      CAPITAL        DEPOSIT MONEY     PROFIT              TOTAL



Balance as on 1st July, 2007                       293,440,000        83,223,886          39,095,173   415,759,059


Share money transferred to directors loan                             (83,223,886)                     (83,223,886)

Profit for the year 2007-08                                                              #REF!         #REF!

Balance as on 30th June, 2008                      293,440,000                -          #REF!         #REF!


Loss for the year 2008-09                                                                #REF!         #REF!


Balance as on 30th June, 2009                      293,440,000                -          #REF!         #REF!




                                CHIEF EXECUTIVE                                      DIRECTOR
XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2010

                                                                                    2010
   4.   ISSUED, SUBSCRIBED & PAID UP CAPITAL                                       Rupees
             8,157,500 (2008: 8,157,500) ordinary shares of
             Rs 10 each fully paid in cash                                           81,575,000

               21,186,500 (2008: 21,186,500) Ordinary Shares of Rs 10
               each issued as fully paid bonus shares                               211,865,000

                            Total Rupees                                            293,440,000



   5.    LONG TERM LOANS FROM DIRECTORS
        This represents value of assets sold by directors to company in prior years. These are unsecured and mark
        These are subordinate to the borrowings from MCB Bank Limited as referred in note 7.


   6.   DEFERRED TAXATION
        Deferred tax liability on taxable temporary differences:
         Tax depreciation allowance                                                  22,018,058

                         Total Rupees
                     TOTAL RUPEES                                                    22,018,058



   7.   SHORT TERM BORROWINGS
        Secured-From Banks
         Murabaha Finance - MCB Islamic Bank            Note 7.1                             -
         Running Finance - MCB Bank Limited             Note 7.2                             -
         Murabaha Finance - Dawood Islamic Bank         Note 7.3                             -

        Un-secured & Mark up Free
         Due to associated undertaking                                              105,683,807

                            Total Rupees                                            105,683,807

        7.1: This short term finance facility has been availed for the purchase of raw material against the sanctione
        of Rs350 million. Under the terms of agreement company has undertaken to purchase goods from Bank
        plus profit arrived at by adding 1.50% (2008: 0.90%) to the 6 months' KIBOR. It is secured by way of first
        on current and future current assets for Rs467 million, hypothecation of stocks, demand promisory note, m
        of land & building of the farms having value not less than Rs500 million and personal guarantees
        directors.These limits will expire February, 2010.

        7.2: This short term finance facility has also been availed to meet the working capital requirements
        company. This facility is allowed as sub-limit to the amount sanctioned under note 7.1 above. It carries m
        arrived at by adding 1.5% to the 6 months' KIBOR and is secured against the securities mentioned in n
        above. These limits will expire in February, 2010.

        7.3: This short term finance facility has been availed for the purchase of raw material against the sanctione
        of Rs150 million. Under the terms of agreement company has undertaken to purchase goods from Bank
        plus profit arrived at by adding 3% (2008: 0.80%) to the 6 months' KIBOR. It is secured by way of 1st parr
        charge over the current assets of the company valuing Rs200 million, demand promisory note, mortgage of
        building of one farm and personal guarantees of the directors. These limits will expire on 31st March, 2010.
XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2009


                                                                                    2010
                                                                                   Rupees
   8.   CREDITORS, ADVANCES, ACCRUED & OTHER LIABILITIES
        Trade creditors                                                             420,549,117
        Advances from customers                                                     440,808,374
        Accrued expenses                                                              9,811,116
        Mark up accrued on secured borrowings                                               -
        Security deposits                                                               220,000
        Workers' Welfare Fund                                                               -

                           Total Rupees                                             871,388,607




   9.   CONTINGENCIES & COMMITMENTS

        9.1   Commitments in respect of irrevocable letters of credit outstanding as on the balance sheet date wer
              NIL (2008: Rs3.641 Million)

        9.2    Provision for WWF & WPPF for Rs5.360 million (2008: Rs5.360 million) & profit on WPPF amountin
              3.178 million (2008: Rs2.545 million) relating to the years prior to 2006 has not been made in these fi
              statements.
XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2010

                                                                                   2010
                                                                                  Rupees
  11.    LONG TERM ADVANCES AND DEPOSITS
         Due from associated undertakings Note 11.1                                  98,425,000
         Security deposits                                                            1,830,234

                            Total Rupees                                            100,255,234


         11.1: These unsecured advances have been allowed to associated undertakings. These are subject to mar
         the rate arrived at by adding 100 BPs to one year KIBOR prevailing on the 1st working day of the fiannci
         These are repayable at the option of the borower entity. However, during the subsequent period of 12 mon
         advance is not expected to be repaid. .


   12.   STORES AND STOCK IN TRADE
         Parent flock                                                                78,639,052
         Materials in hand                                                           49,737,600
         Other consumables in hand                                                   15,876,940

                            Total Rupees                                            144,253,592



   13.    TRADE DEBTORS
         All these are unsecured but considered good by the management of the company. Out of these, rece
         amounting to Rs10.383 million (2008: Rs36.530 million) are outstanding since long. This raises doubt as
         recoverability of these receivables. No provision is made in these financial statements as the management i
         view that these receivables will realise in future.

   14.   ADVANCES, DEPOSITS, PREPAYMENTS
         AND OTHER RECEIVABLES
         Advances
          --- to staff                                                                2,994,819
          --- to suppliers                                                          459,347,346
         Due from associated undertaking                      14.1                  250,000,000
         Advance income tax                                                           6,725,236
         Letter of credit                                                               323,723
         Security deposits                                                               17,401
         Prepayments                                                                 14,180,257
         Accrued profit on advances to associated undertakings                       48,864,638

                            Total Rupees                                            782,453,419

          Note: 14.1
         These unsecured advances have been allowed to an associated undertaking.These are subject to mark up
         rate arrived at by adding 150 BPs to six months' KIBOR prevailing on the 1st working day of each half year

   15.   CASH AND BANK BALANCES
         Cash in hand                                                                 3,743,831
         Cash at bank
              on Deposit accounts                                                    92,547,367
               on Current accounts
                            Total Rupees              96,291,198




XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2010
                                                     2010
                                                    Rupees

   16.   SALES
         Day old chicks                             1,200,971,699
         Cull birds                                    52,174,257
         Sale of eggs                                  14,049,104
         Broiler Sale                                  63,698,453

                            Total Rupees            1,330,893,513



   17.    COST OF SALES
         Parent Flock                                 146,614,588
         Feed Consumed                                703,536,435
         Medication, Vaccines & Disinfectants          64,238,311
         Salaries, Wages & Other Benefits              54,505,995
         Fuel & Power                                  87,444,821
         Brooding Charges                               5,051,708
         Egg Setting Charges                                  -
         Packing & Finising                             1,537,880
         Freight & Octroi                               5,245,955
         Repair & Maintenance                          14,459,787
         Others                                         2,156,804
         Bad debts                                            -
          Depreciation                                 20,999,169
                Total Manufacturing Costs           1,105,791,453
          Add/(Less): Stock adjustment
          Opening Stock                               180,571,617
          Closing Stock                              (144,253,592)
                                                       36,318,025
               Cost of Goods Sold                   1,142,109,478



   18.   ADMINISTRATIVE AND GENERAL

         Salaries, Wages & Other Benefits             12,291,053
         Vehicle Running & Maintenance                 1,094,157
         Entertainment                                   206,323
         Utilities                                       917,025
         Travelling & Conveyance                         311,069
         Telephone, Postage & Telegram                    50,409
         Communication                                   750,579
         Insurance                                       577,072
         Printing & Stationery                           174,342
         Rent, Rates & Taxes                             799,853
         Repair & Maintenance                            119,981
         Legal & Professional                            353,690
Miscellaneous Expenses            150,397
Charity & Donation                    -
Bank Charges                      396,401
Advertisement & Publicity         200,705
Newspapers & Periodicals            6,903
Auditors remuneration
Depreciation                     4,034,326

                 Total Rupees   22,434,285
XYZ LIMITED

NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2010
                                                                                            2010
                                                                                           Rupees
   19.   SELLING AND DISTRIBUTION
         Salaries, Wages & Other Benefits                                                       8,054,760
         Packing & Finishing                                                                   11,198,160
         Freight Outwards                                                                      28,045,115
         Discount Allowed                                                                      48,981,761
         Travelling & Conveyance                                                                  393,885
         Utilities                                                                              1,023,579
         Hatchry Expenses                                                                             -
         Vehicle Running & Maintenance                                                          2,877,002
         Entertainment                                                                            359,692
         Rent, Rates & Taxes                                                                      972,733
         Communication                                                                          1,129,304
         Advertisement & Publicity                                                                 10,000
         Boarding & Lodging                                                                        20,405
         Insurance                                                                                441,936
         Printing & Stationery                                                                    121,524
         Miscellaneous Expenses                                                                    24,729
         Newspapers & Periodicals                                                                  15,201
         Repair & Maintenance                                                                      31,703

                                Total Rupees                                                  103,701,489


   20.   FINANCIAL AND OTHER CHARGES
         Mark up on short term borrowings                                                      40,610,830
         Mark up on Workers Profit Participation Fund                                                 -
         Bank Charges                                                                             125,449
             TOTAL RUPEESTotal Rupees                                                          40,736,279


   21.   OTHER INCOME
         Profit on deposit with banks                                                             980,672
         Profit on advances to associated undertakings                                         48,864,638
         Profit / (Loss) on disposal of fixed assets                                              401,092
         Others                                                                                       -
                                Total Rupees                                                   50,246,402


   22.   EARNING PER SHARE
         Profit for the year                                               Rupees              46,902,949
         Weighted average number of ordinary shares                       Numbers              29,344,000
         Earning per share                                                 Rupees                    1.60

         There is no dilution effect on the basic earnings per share of the company.

   23.    TRANSACTIONS WITH RELATED PARTIES
         The related parties comprise associated undertakings, partners, key management staff and staff retirement funds. A
         due to/due from related parties are disclosed under respective headings (Please refer to Note 5, 7, 11 & 14). Details w
         not included in above notes are as under:

         Mark up on advances allowed                                                                  -
         Advances allowed to associated undertaking                                                   -
         Advances received from associated undertaking                                        (40,512,903)
         Purchase of goods
24.   REMUNERATION OF CHIEF EXECUTIVE & DIRECTORS
      Chief Executive
        Managerial Remuniration                                                           1,068,000
             Number of Persons                                                                    1
      Director
        Managerial Remuniration                                                           2,136,000
             Number of Persons                                                                    2
      Executives
        Managerial Remuniration                                                           1,200,000
             Number of Persons                                                                    4


      The company also provides to the Chief Executive, Directors and executives with free use of company maintained cars
NANCIAL STATEMENTS



                                                                      2009
                                                                     Rupees

                                                                        81,575,000


                                                                       211,865,000

                                                                       293,440,000




d by directors to company in prior years. These are unsecured and mark up free.
owings from MCB Bank Limited as referred in note 7.




                                                                        22,018,058

                                                                        22,018,058




                                                                       300,000,000
                                                                        49,490,393
                                                                       150,000,000



                                                                        40,512,903

                                                                       540,003,296

 y has been availed for the purchase of raw material against the sanctioned limit
 s of agreement company has undertaken to purchase goods from Bank at cost
1.50% (2008: 0.90%) to the 6 months' KIBOR. It is secured by way of first charge
 ts for Rs467 million, hypothecation of stocks, demand promisory note, mortgage
 s having value not less than Rs500 million and personal guarantees of the
February, 2010.

ility has also been availed to meet the working capital requirements of the
 as sub-limit to the amount sanctioned under note 7.1 above. It carries mark up
  6 months' KIBOR and is secured against the securities mentioned in note 7.1
February, 2010.

y has been availed for the purchase of raw material against the sanctioned limit
s of agreement company has undertaken to purchase goods from Bank at cost
% (2008: 0.80%) to the 6 months' KIBOR. It is secured by way of 1st parri passu
he company valuing Rs200 million, demand promisory note, mortgage of land &
l guarantees of the directors. These limits will expire on 31st March, 2010.
NANCIAL STATEMENTS



                                                                     2009
                                                                    Rupees

                                                                       42,685,059
                                                                       48,304,430
                                                                        7,798,759
                                                                       15,146,897
                                                                              -
                                                                          874,487

                                                                      114,809,633




 irrevocable letters of credit outstanding as on the balance sheet date were for Rs



PF for Rs5.360 million (2008: Rs5.360 million) & profit on WPPF amounting to Rs
 million) relating to the years prior to 2006 has not been made in these financial
                                                                    2009
                                                                   Rupees

                                                                     98,425,000
                                                                      1,935,130

                                                                    100,360,130


 have been allowed to associated undertakings. These are subject to mark up at
 BPs to one year KIBOR prevailing on the 1st working day of the fianncial year.
 of the borower entity. However, during the subsequent period of 12 months, this
aid. .




                                                                     96,780,918
                                                                     62,726,400
                                                                     21,064,295

                                                                    180,571,613




 sidered good by the management of the company. Out of these, receivables
2008: Rs36.530 million) are outstanding since long. This raises doubt as to the
 . No provision is made in these financial statements as the management is of the
alise in future.




                                                                      1,440,225
                                                                    144,543,497
                                                                    250,000,000
                                                                      5,893,132
                                                                            -
                                                                         17,401
                                                                         55,025
                                                                     21,702,115

                                                                    423,651,394


been allowed to an associated undertaking.These are subject to mark up at the
to six months' KIBOR prevailing on the 1st working day of each half year.



                                                                     10,481,715

                                                                     14,349,086
                                                                     11,299,033
  36,129,834




 2009
Rupees



 634,380,322
  43,984,613
  12,746,792
 114,048,812

 805,160,539




  57,887,314
 442,554,805
  33,683,672
  47,991,173
  78,736,741
   4,654,771
         -
   2,526,741
   5,739,721
  12,808,608
   3,437,854
  (7,886,105)
  20,420,407
 702,555,701

 185,814,096
(180,571,613)
   5,242,483
 707,798,184




   7,626,220
   1,410,157
     192,708
     531,679
     352,344
      40,278
     946,680
      95,651
     284,073
     727,395
     212,814
     785,087
    38,304
       -
   108,546
     9,300
     8,116
    60,000
 3,136,023

16,565,375
                                                                             2009
                                                                           Rupees


                                                                               6,856,497
                                                                               9,306,281
                                                                              22,288,563
                                                                              15,804,909
                                                                                 353,025
                                                                                 222,188
                                                                                  81,650
                                                                               2,383,428
                                                                                 320,464
                                                                               1,491,059
                                                                               1,239,741
                                                                                     -
                                                                                  35,036
                                                                                     995
                                                                                  97,600
                                                                                 101,695
                                                                                  16,458
                                                                                  63,134

                                                                               60,662,723



                                                                              66,336,117
                                                                                     -
                                                                                 145,447
                                                                               66,481,564



                                                                                 437,149
                                                                              21,702,115
                                                                               1,047,913
                                                                                     -
                                                                               23,187,176



                                                                               (21,849,984)
                                                                                29,344,000
                                                                                     (0.74)




ted undertakings, partners, key management staff and staff retirement funds. Amounts
disclosed under respective headings (Please refer to Note 5, 7, 11 & 14). Details which are
 der:

                                                                               48,864,638
                                                                              250,000,000
                                                                               88,399,722
                                                                              478,404,409
                                                                              1,068,000
                                                                                     1


                                                                              2,136,000
                                                                                     2


                                                                              1,200,000
                                                                                     4


ief Executive, Directors and executives with free use of company maintained cars.
XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR 30TH JUNE, 2010

  25. FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES
                                                                                                       30th June, 2010
                                                                           Interest Bearing                                   Non-Interest Bearing
                                                 Interest    Maturity Upto Maturity After                        Maturity Upto Maturity After                            Total
                                                   Rate       One Year         One Year          Sub-Total        One Year        One Year         Sub-Total            Rupees
         Financial Assets - Recognised
         Trade debts                                                                                      -         19,770,572                         19,770,572        19,770,572
         Advances                                Note - 11                        98,425,000       98,425,000              -                -                 -          98,425,000
         Deposits                                                                                         -             17,401        1,830,234         1,847,635         1,847,635
         Accrued profit                                                                                   -         48,864,638                         48,864,638        48,864,638
         Cash & bank balances                                    92,547,367                        92,547,367        3,743,831                          3,743,831        96,291,198
                                                                 92,547,367       98,425,000      190,972,367       72,396,441        1,830,234        74,226,675       265,199,042
         Financial Liabilities - Recognised
         Short term bank borrowings              Note - 7               -                                 -                -                                  -                 -
         Directors' loan                                                                                  -                -         83,223,886        83,223,886        83,223,886
         Loan from associated undertaking                                                                 -        105,683,807                        105,683,807       105,683,807
         Creditors                                                                                        -        420,549,117                        420,549,117       420,549,117
         Advances, accrued & other liabilities                                                            -        450,839,490                        450,839,490       450,839,490
                                                                        -                -                -        977,072,414       83,223,886     1,060,296,300     1,060,296,300
         Sensitivity Gap                                         92,547,367       98,425,000      190,972,367     (904,675,973)     (81,393,652)     (986,069,625)     (795,097,258)

         Unrecognised Financial Liabilities                             -                -                -                -                -                 -                  -


                                                                                                       30th June, 2009
                                                                           Interest Bearing                                   Non-Interest Bearing
                                                 Interest    Maturity Upto Maturity After                        Maturity Upto Maturity After                            Total
                                                   Rate       One Year         One Year          Sub-Total        One Year        One Year         Sub-Total            Rupees
         Financial Assets - Recognised
         Trade debts                                                                                      -         20,695,602                         20,695,602        20,695,602
         Advances                                Note- 11                         98,425,000       98,425,000              -                                  -          98,425,000
         Deposits                                                                                         -             17,401        1,935,130         1,952,531         1,952,531
         Due from associated undertaking         Note- 14       250,000,000                       250,000,000                                                           250,000,000
         Accrued profit                                                                                   -         21,702,115                         21,702,115        21,702,115
         Cash & bank balances                                    14,349,086                        14,349,086       21,780,748                         21,780,748        36,129,834
                                                                264,349,086       98,425,000      362,774,086       64,195,865        1,935,130        66,130,995       428,905,081
         Financial Liabilities - Recognised
         Short term bank borrowings              Note - 7       499,490,393                       499,490,393              -                -                 -         499,490,393
         Directors' loan                                                                                  -                -         83,223,886        83,223,886        83,223,886
         Loan from associated undertaking                                                                 -         40,512,903                         40,512,903        40,512,903
         Creditors                                                                                        -         42,685,059                         42,685,059        42,685,059
         Advances, accrued & other liabilities                                                            -         72,124,574                         72,124,574        72,124,574
                                                                499,490,393              -        499,490,393      155,322,536       83,223,886       238,546,422       738,036,815
         Sensitivity Gap                                       (235,141,307)      98,425,000     (136,716,307)     (91,126,670)     (81,288,756)     (172,415,426)     (309,131,733)

         Unrecognised Financial Liabilities                             -                -                -          8,538,000              -                 -                  -


25.1     Financial Risk Management Objectives
         The company's activities expose it to a variety of financial risks, including the effect of changes in mark up rates such as KIBOR, credit and liquidity risk associated.The
         company finances its operations through equity, borrowings and management of working capital with a view to maintaining a reasonable mix between theTaken as a
         whole, risk arising from the company's financial instruments is limited as there is no significant exposure to market risk in respect of such instruments.



(a)      Concentration of Credit Risk
         Credit risk represents the accounting loss that would be recognised at the reporting date if counter parties failed completely to perform as contracted. The company's
         credit risk is primarily attributable to its trade debts and its balances at banks. The credit risk on liquid funds is limited because the counter parties are banks
         withreasonably high credit ratings. The company believes that it is not exposed to major concentration of credit risk and the risk attributable to trade debts is minimal.



(b).     Interest Rate Risk
         Interest rate risk is the risk that the value of financial instrument will fluctuate due to changes in market interest rates. The company usually borrows funds at market
         based rates and as such the risk is minimised.

('c').   Currency Risk
         Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. Currency risk arises mainly where receivables
         and payables exist due to transactions with foreign buyers and suppliers. Management closely observe fluctuations in foreign currency exchange rates and counter any
         currency risk through exchange risk coverage therefore, the company is not exposed to currency risk.

(d).     Liquidity Risk
         Liquidity risk reflects an enterprise's inability in raising funds to meet commitments. The company follows an effective cash management and planning policy to ensure
         availability of funds and to take appropriate measures for new requirements.

25.2     Fair Value of Financial Assets and Liabilities
         The carrying value of all financial assets and liabilities reflected in the financial statements approximate their fair values. Fair value is determined on the basis of
         objective evidence at each reporting date.
CHIEF EXECUTIVE   DIRECTOR
XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009                      0

                                                             2010            2009
                                                            RUPEES          RUPEES
CREDITORS




                                                                      -          -

DUE TO ASSOCIATED UNDERTAKINGS



                                                                      -          -
ACCRUED EXPENSES




                                           TRFR TO ASSETS

                                                                      -          -
SECURITIES PAYABLE
Security Payable                                                  220,000        -

                                                                  220,000        -

OTHER PAYABLES
Letter Of Credit                                                      -

Teporary Payable Against Mazda Vehicle                                -
Sale of land                                                          -

                                                                      -
Long term deposits
Hi Tech Feeds            8,225,000     8,225,000
Hi Tech Feeds           75,000,000    75,000,000
 Hi-Tech Edible Oils    15,200,000    15,200,000
Security Deposits        1,830,234     1,935,130

                       100,255,234   100,360,130

                        2010          2009
                       RUPEES        RUPEES
UNSECURED
DEBTORS Others          19,770,572    20,695,602

                        19,770,572    20,695,602
                                            2010             2009
ADVANCE TAX                                RUPEES           RUPEES


DEFFERED TAX                                        -

W.H.T DEDUCTED BY OTHERS                            -


                                                    -               -

                                            2010             2009
                                           RUPEES           RUPEES

DUE FROM ASSOCIATED UNDERTAKINGS

Hi Tech Feeds (Pvt) Ltd                     727,798,318     565,395,818
Adjusted against Creditors                          -      (107,462,986)
Trfr to Long term advance                   (75,000,000)    (75,000,000)
Trfr to Due from Associated Undertaking    (250,000,000)   (250,000,000)
Accrued mark up for previous year            21,702,115      11,240,135

                                            424,500,433    144,172,967


XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009

                                            2010             2009
LETTER OF CREDIT                           RUPEES           RUPEES

                                               323,723

                                               323,723              -

                                            2010             2009
ADVANCES TO STAFF                          RUPEES           RUPEES
Advance to staff                             2,994,819       1,440,225
Nadeem Sb                                          -
Hassan Auditor                                     -
                                             2,994,819      1,440,225

ADVANCES TO SUPPLIERS
Suppliers DR Balances                       34,846,913         370530
Creditors for transportation DR balances           -

                                            34,846,913        370,530

PREPAYMENTS

Prepaid rent                                     8,313           8313
Advance to contractor DR Balance            35,874,058     11,286,847

ACCRUED PROFIT TRNSFER                      (21,702,115)   (11,240,135)

                                            14,180,257         55,025

ACCRUED PROFIT ON ASSOCIATED UNDERTAKING
OPENING BALANCE                              21,702,115     11,240,135
FOR THE YEAR Long term advances              13,927,138     15,206,663
FOR THE YEAR Short term advances             34,937,500      6,495,452
Less: Trfrd to advances to suppliers        (21,702,115)   (11,240,135)


TOTAL                                       48,864,638     21,702,115




                                            2010            2009
                                           RUPEES          RUPEES
SECURITY DEPOSITS

Security Deposits                                  -
Dr. Balance in Security Deposits Payable        17,401         17,401

                                                17,401         17,401


CASH IN HAND
Cash with directors                                -
Sub Offices cash                               413,399     1994156.89
Cash in hand   3,330,432   8487557.75
WPPF paid            -


               3,743,831   10,481,715
                                                          COST CENTRES                       2009
                                                                              Sub Office
                   COST OF SALES          FARM       HATCHRY        LAB       Production   RUPEES
Parent Flock                            146,614,588         -             -           -     146,614,588
Feed Consumed                           711,826,221         -             -           -     711,826,221
Sale of EMPTY FEED BAGS                  (2,373,299)                                         (2,373,299)
Other income FARMS                       (2,283,484)                                         (2,283,484)
Other Income HATCHERY                                (3,633,003)                             (3,633,003)
Brooding                                  5,051,708         -           -             -       5,051,708
Egg Setting                                     -           -           -             -             -
Medication, Vaccines & Disinfectants     56,461,480   7,759,551      17,280           -      64,238,311
Fuel & Power                             57,564,710 29,799,472       80,639           -      87,444,821
Packing & Finising                              -     1,537,880         -             -       1,537,880
Salaries, Wages & Other Benefits         40,041,569 13,976,079      488,347           -      54,505,995
Freight & Octroi                          2,850,522   2,395,433         -             -       5,245,955
General Repair & Maintenance              6,407,216     460,869       6,079           -       6,874,164
Electric Repair & Maintenance             3,212,516   1,689,662      12,101           -       4,914,279
Vehicle Repair & Maintenance              1,543,121   1,128,223         -             -       2,671,344
Laboratory                                      -           -       129,639           -         129,639
Communication                               215,526     175,272      20,716           -         411,514
Insurance                                   160,104      96,380         -             -         256,484
Printing & Stationery                       115,332      83,544         685           -         199,561
Postage & Telegram                            4,830         600         270           -           5,700
Newspaper & Periodicals                      33,493       7,065       3,726           -          44,284
Entertainment                               116,523      47,731       8,311           -         172,565
Travelling & Conveyance                     193,022     112,839      22,355           -         328,216
Rent Rates & Taxes                          113,920     175,382       8,100           -         297,402
Misc.                                       191,341     110,136       9,962           -         311,439
Bad Debts                                                   -                                       -

TOTAL (Rs)                             1,028,060,959   55,923,115   808,210           -    1,084,792,284
XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2006

                                                                       2009
ADMINISTRATIVE EXPENSES                     SATFF       EXECUTIVES    RUPEES

SALARIES WAGES & BENE                       6,547,953     5,743,100    12,291,053
VEHICLE RUNNING                               180,933       913,224     1,094,157
ENTERTAINMENT                                 206,323                     206,323
TRAVELLING & CONVEYANCE                        58,803      252,266        311,069
POSTAGE & TELEGRAM                             50,409                      50,409
TELEPHONE EXP.                                106,413      644,166        750,579
INSURANCE                                      93,455      483,617        577,072
PRINTING & STATIONERY                         174,342                     174,342
RENT RATES & TAXES                            799,853                     799,853
REPAIR & MAINTEANCE                           119,981                     119,981
LEGAL & PROFESSIONAL                          353,690                     353,690
MISCELLANEOUS EXP.                            150,397                     150,397
DONATION EXP.                                     -                           -
BANK CHARGES                                  396,401                     396,401
ADVERTISEMENT                                 200,705                     200,705
NEWSPAPER EXP                                   6,903                       6,903
UTILITY BILLS                                 917,025                     917,025

                                           10,363,586     8,036,373    18,399,959
XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2006

SELLING & DISTRIBUTION                      2009
                                           RUPEES

PACKING EXP.                                11,198,160
FREIGHT & OCTROI                            28,045,115
TRAVELLING & CONVEYANCE                        336,512
POWER & Utilities                            1,023,579
SALARIES & WAGES                             8,054,760
Hatchry Expenses                                   -
VEHICLE RUNNING                              2,877,002
Other Selling Expenses                             -
ENTERTAINMENT                                  359,692
RENT RATES & TAXES                             972,733
TELEPHONE EXP.                               1,056,874
ADVERTISEMENT EXP.                              10,000
Hotel Bill Dr Hafeez Sb                         20,405
INSURANCE                                      441,936
POSTAGE EXP.                                    72,430
PRINTING & STATIONERY                          121,524
MISC EXP.                                       24,729
BANK CHARGES                                   125,449
Travellig & Conveyance                          57,373
NEWSPAPER & PERIODICALS                         15,201
REPAIR & MAINTENACE                             31,703
DONATION EXP.                                      -
COMMISSION OF CHICKS                        48,981,761

                                           103,826,938
XYZ LIMITED

AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009

SUB-LEAD SCHEDULE OF CREDITORS



                                           REF.          2010                    2009
                   PARTICULARS             NO.          RUPEES                  RUPEES


    Creditors For Godds & Services                          13,437,034            11,990,497
    Less: WWF                                                                         (874,487)
    Creditors For Transportation                              323,897                 924,619
    Creditors For Feed (HT Feeds)                         362,020,367            107,462,986
    Adjusted against advance to HTF                                              (107,462,986)
    Advances to Contractors                                   140,979                     980
    Hi Tech Pharmaceuticals                                 44,626,840            30,643,450




                                                          420,549,117             42,685,059




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF ACCRUED EXPENSES




                                           REF.           2010                    2009
                    PARTICULARS            NO.          RUPEES                  RUPEES


    Hi Tech Farms                                         105,669,632             40,512,903
    Shazoor P.B                                                  14,175




                                                          105,683,807             40,512,903




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009
SUB-LEAD SCHEDULE OF ACCRUED EXPENSES




                                           REF.           2010                    2009
                        PARTICULARS        NO.          RUPEES                  RUPEES


    Salaries & wages                                         4,742,549                4,132,763
    Electricity bills                                        4,320,542                3,099,959
    Telephone                                                     68,261                69,550
    SSI                                                          164,830               162,397
    EOBI                                                         129,240               153,720
    Markup Payable
    Credit balance in staff accounts                             385,694               180,370




                                                             9,811,116                7,798,759




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF ELECTRIC EQUIPMENTS




                                           REF.           2010                    2009
                   PARTICULARS             NO.          RUPEES                  RUPEES


    Electric equipments                                                           35,408,789
    Computers                                                                            1,675




                                                                   -              35,410,464




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF STOCK IN TRADE




                                           REF.           2010                    2009
                 PARTICULARS               NO.          RUPEES                  RUPEES




                                                                   -                     -




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF ADVANCE INCOME TAX




                                           REF.           2010                    2009
                 PARTICULARS               NO.          RUPEES                  RUPEES


    WITH-HOLDING TAX                                        53,125,192            48,267,285
    PROVISION FOR TURNOVER TAX                               1,510,461                1,510,461
    PROVISION FOR TAXATION                                 (47,910,417)           (43,884,614)




                                                             6,725,236                5,893,132




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED
AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF CASH AT BANK




                                           REF.           2010                    2009
                 PARTICULARS               NO.          RUPEES                  RUPEES




                                                                   -                     -




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF PROFIT ON ADVANCES TO ASSOCIATED UNDERTAKINGS




                                           REF.      2010             2009
                    PARTICULARS            NO.      RUPEES           RUPEES
              LONG TERM ADVANCES
    Hi Tech Feeds (Pvt) Ltd
    Loan Amount                                        83,225,000     83,225,000
    Rate                                                     14.15           15.45
    Profit                                             11,776,338     12,858,263


    Hi Tech Edible Oil Mills
    Loan Amount                                        15,200,000     15,200,000
    Rate                                                     14.15           15.45
    Profit                                              2,150,800      2,348,400




    PRINCIPAL                                          98,425,000     98,425,000
    PROFIT                                             13,927,138     15,206,663


              SHORT TERM ADVANCES
    Hi Tech Feeds (Pvt) Ltd
    Loan Amount                                       250,000,000
    Rate July 09 to Dec 09                                   14.04
    Rate Jan 10 to June 10                                   13.91
    Profit July 09 to Dec 09                           17,550,000
    Profit Jan 10 to June 10                           17,387,500


    PRINCIPAL                                         250,000,000
    PROFIT                                             34,937,500
Job Incharge: ____________________   Principal: ______________________
XYZ LIMITED


AUDIT FOR THE YEAR ENDED 30TH JUNE, 2009


SUB-LEAD SCHEDULE OF OTHER MANUFACTURING OVERHEADS




                                           REF.           2010                    2009
                    PARTICULARS            NO.          RUPEES                  RUPEES


    Laboratory                                                   129,639                38,570
    Communication                                                411,514               497,248
    Insurance                                                    256,484              1,401,401
    Printing & Stationery                                        199,561               134,263
    Postage & Telegram                                             5,700                12,085
    Newspaper & Periodicals                                       44,284                39,528
    Entertainment                                                172,565               123,525
    Travelling & Conveyance                                      328,216               363,777
    Rent Rates & Taxes                                           297,402               258,653
    Misc.                                                        311,439               568,804




                                                             2,156,804                3,437,854




    Job Incharge: ____________________            Principal: ______________________
XYZ LIMITED
NOTES TO AND FORMING PART OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE, 2010

 10.   OPERATING FIXED ASSETS

                                                          C O S T                                                      DEPRECIATION                    BOOK VALUE
             PARTICULARS                As on 1st       Addition/(deletion)   As on 30th     Rate      As on 1st          For The       As on 30th      AS ON 30TH
                                        July, 2009       during the year      June 2010        %       July, 2009          Year         June 2010        JUNE, 2010

       Land                                79,166,039                  -        79,166,039                      -                                          79,166,039
       Building                           143,982,955                  -       143,982,955   10%         83,362,676         6,062,028     89,424,704       54,558,251
       Plant and machinary                117,137,312                  -       117,137,312   10%         49,687,888         6,744,942     56,432,830       60,704,482
       Furniture and Fixture                1,464,327               32,420       1,496,747   10%            974,330            52,242      1,026,572          470,175
       Office equipment                     1,315,543                  -         1,315,543   10%            857,493            45,805        903,298          412,245
       Electrical equipment                35,796,191            6,805,120      42,601,311   10%         17,922,433         2,467,888     20,390,321       22,210,990
       Hatchery and farm equipment         86,338,089           19,370,488     105,708,577   10%         48,987,882         5,672,070     54,659,952       51,048,626
       Vehicles                            45,513,093            7,373,608      52,886,701   20%         32,944,095         3,988,521     36,932,616       15,954,085



            Total Rupees 2010             510,713,549           33,581,636     544,295,185              234,736,796        25,033,496    259,770,291      284,524,894
                                                                       -                                        -
            Total Rupees 2009             513,503,621            1,104,582     510,713,549              213,356,418        23,556,430    234,965,281      275,748,268
                                                                (3,894,654)                              (1,947,567)

                                     10.1 Land valuing Rs49,260,059/- is not held in the name of the company.
                                     10.2 Depreciation charge for the year has been allocated as under:

                                                                                2010                      2009
                                                                               Rupees                   Rupees
                                     Manufacturing costs                        20,999,169               20,420,427

                                     Administrative & general                    4,034,326                3,136,023

                                     Total Rupees                               25,033,496               23,556,450
10.   OPERATING FIXED ASSETS



                                                         C O S T                                                      DEPRECIATION                    BOOK VALUE
            PARTICULARS                As on 1st       Addition/(deletion)   As on 30th     Rate      As on 1st          For The       As on 30th      AS ON 30TH
                                       July, 2008       during the year      June 2009        %       July, 2008          Year         June 2009        JUNE, 2009

      Land                                79,166,039                  -        79,166,039                                                                 79,166,039
      Building                           143,940,955               42,000     143,982,955    10         76,627,089         6,735,587     83,362,676       60,620,279
      Plant and machinary                117,137,312                  -       117,137,312    10         42,193,507         7,494,381     49,687,888       67,449,425
      Furniture and Fixture                1,447,527               16,800       1,464,327    10            919,886            54,444        974,330          489,997
      Office equipment                     1,298,343               17,200       1,315,543    10            806,598            50,895        857,493          458,051
      Electrical equipment                35,420,464              375,727      35,796,191    10         15,936,460         1,985,973     17,922,433       17,873,758
      Hatchery and farm equipment         85,997,324              340,765      86,338,089    10         44,837,859         4,150,023     48,987,882       37,350,207
      Vehicles                            49,095,657              312,090      45,513,093    20         32,035,019         3,085,128     33,172,580       12,340,513
                                                               (3,894,654)                              (1,947,567)

           Total Rupees 2009             513,503,621            1,104,582     510,713,549              213,356,418        23,556,430    234,965,281      275,748,268
                                                               (3,894,654)                              (1,947,567)
           Total Rupees 2008             509,973,825            3,587,796     513,503,621              186,454,303        26,922,996    213,356,419      300,147,202
                                                                  (58,000)                                 (20,880)

                                    10.1 Land valuing Rs49,260,059/- is not held in the name of the company.
                                    10.2 Depreciation charge for the year has been allocated as under:

                                                                               2009                      2008
                                                                              Rupees                   Rupees
                                    Manufacturing costs                        20,420,407               22,603,198

                                    Administrative & general                    3,136,023                4,319,798

                                    Total Rupees                               23,556,430               26,922,996
HI TECH POULTRY BREEDERS

WORKING OF MARK UP ON STL - ISLAMIC FINANCING

                                Loan         Loan                                                        Mark up    Total markup 2010                    markup
                                Date         Date        Loan          Mark up Amount of     Total     Accrued Till                         markup       payable
  PARTICULARS                   From         To          Amount        Rate    Mark up       Days     30.06.09 Days Days       Rs            Paid        30.06.10

DAWOOD ISLAMIC BANK LIMITED
LOAN NO 1
  3rd Term Ended 01.09.2008                               50,000,000      15.5   3,545,891    180     2,324,529   118   62     1,221,362
                                                                                                                               1,221,362    3,545,890    (2,324,528)
LOAN NO 2
  3rd Term Ended 05.09.2008                               50,000,000      15.5   3,630,822    180     2,299,521   114   66     1,331,301
                                                                                                                               1,331,301    3,630,822    (2,299,521)
LOAN NO 3
  3rd Term Ended 14.09.2009                               50,000,000     15.47   3,666,178    180     2,138,604   105   75     1,527,574
                                                                                                                               1,527,574    3,666,178    (2,138,604)
MCB ISLAMIC BANK LIMITED
LOAN NO 1
  Instalment Ended 16.04.2010    10/8/2009    4/6/2010    50,000,000     14.16   3,491,507    180                       180    3,491,507
  Instalment Ended 27.09.2009                             50,000,000      14.4   3,550,685    180     1,814,795   92     88    1,735,890
                                                                                                                               5,227,397    7,042,192    (1,814,795)
LOAN NO 2
  Instalment Ended 10.04.2010   10/12/2009 4/10/2010      50,000,000     14.15   3,528,493    180                       180    3,528,493
  3rd Term Ended 08.10.2009                               50,000,000     15.56   3,794,082    180     1,707,337   81     99    2,086,745
                                                                                                                               5,615,238    7,322,575    (1,707,337)
LOAN NO 3
  Instalment Ended 15.04.2010   10/17/2009 4/15/2010      50,000,000     14.16   3,512,758    180                       180    3,512,758
  3rd Term Ended 12.10.2009                               50,000,000     15.12   3,728,219    180     1,594,849   77    103    2,133,370
                                                                                                                               5,646,128    7,240,977    (1,594,849)
LOAN NO 4
  Instalment Ended 05.05.2010    11/5/2009    5/5/2010    50,000,000      14.3   3,526,027    180                       180    3,526,027
  3rd Term Ended 03.11.2009                               50,000,000     14.85   3,661,644    180     1,118,836   55    125    2,542,808
                                                                                                                               6,068,835    7,187,671    (1,118,836)
LOAN NO 5
  Instalment Ended 12.05.2010   11/13/2009 5/12/2010      50,000,000     14.25   3,534,041    180                       180    3,534,041
  3rd Term Ended 08.11.2008                               50,000,000     14.85   3,661,644    180     1,017,123   50    130    2,644,521
                                                                                                                               6,178,562    7,195,685    (1,017,123)
LOAN NO 6
  3rd Term Ended 15.12.2009                               50,000,000     14.42   3,555,616    180      256,795    13    167    3,298,822
                                                                                                                               3,298,822    3,555,616      (256,794)
TOTAL                                                                                                14,272,387               36,115,220   50,387,606   (14,272,386)

  Dawood Islamic Bank                                    150,000,000                                  6,762,653                4,080,238
  MCB Islamic Bank                                       300,000,000                                  7,509,734               32,074,521

MARK UP ON RF                                                                                          874,510                 4,456,072

OTHER FINANCIAL CHARGES

                                                         450,000,000                                 15,146,897               40,610,831                        -
                                                           XYZ LIMITED

                               STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30TH JUNE, 2009


                                    Working of WPPF & WWF to be provided from 2002 to 2005
                                                                                                                  TOTAL
                                                2002             2003           2004               2005          TILL 2005
Accounting Profit                               8,355,047       18,539,694      37,375,505     32,998,798           97,269,044
Add: Accounting Depreciation                           -        24,908,561      28,432,502     28,629,022           81,970,085
Less: Tax Depreciation                                 -        #REF!          #REF!               #REF!           #REF!

Income Assessable to Tax                        8,355,047       #REF!          #REF!               #REF!           #REF!
WPPF @ 5% of Taxable Income                       417,752         926,985        1,868,775         1,649,940        4,863,452
Taxable income net of WPPF                      7,937,295       #REF!          #REF!               #REF!           #REF!
C/F Loss                                                                       #REF!               #REF!           #REF!
Taxable Income After C/F Loss                   7,937,295       #REF!          #REF!               #REF!           #REF!
WWF @ 2 % of taxable income net of WPPF           158,746                                          #REF!           #REF!

TOTAL                                             576,498         926,985        1,868,775         #REF!           #REF!

MARK UP ON WPPF

Period From                                      30-Jun-02       30-Jun-03       30-Jun-04          30-Jun-05
        Upto                                     30-Jun-10       30-Jun-10       30-Jun-10          30-Jun-10
        Days                                        2,922           2,557           2,191              1,826

Rate of Mark up                                        13%              13%            13%                 13%

Mark up                                           434,760         844,216        1,458,310         1,073,049        3,810,335
                  Detail of Advance Tax Deducted
                  For the year ended June 30,2007

                                                    Amount
                                                     Rs.

021-020-004-001 Electricity Bills                           322,293

021-020-004-002 Banks                                        97,861

021-020-004-003 Advance Tax Deposited                   1,000,000

021-020-004-003 Letter of Credit                            234,444

021-020-004-005 Mobile                                       75,776

021-020-004-006 Vehicles                                         -


                                                              -
                                                        1,730,374

                  Refund                                    (484,110)

                  Net Balance                           1,246,264

                  Tax Payable                          25,255,434
                  Tax Paid                              1,730,374
                  Balance Tax                          23,525,060

                  Accounting Profit                    72,158,383

                  Accounting Depreciation
                   Building                             6,062,028
                   Plant and Machinary                  6,744,942
                   Office Equipment                        45,805
                   Electrical Equipment                 2,467,888
                   Hatchery and Farm Equipment          5,672,070
                                                       20,992,733


                  Tax Depreciation
                   Building                         #REF!
                   Plant and Machinary              #REF!
                   Office Equipment                 #REF!
                   Electrical Equipment             #REF!
                   Hatchery and Farm Equipment      #REF!
                                                    #REF!
Revised PBT       #REF!
Tax Payable       #REF!
Advance Tax          (1,730,374)
Net Tax Payable   #REF!
                                                                                                          XYZ LIMILED
                                                                                         MEDICINE & DISINFECTION STOCK REPORT ON 30-06-2009

           MEDICINE      QT.UNIT   RATE        HATCHERY R.R   HATCHERY MNL RD    MULTAN HATCH         MULL       SULTANKE    BATTAL   WATNA     FARM#5   S.S.NO.6    FARM #7     FARM # 8
A1(H7+H9) OIL-BASED                 1,800.00
ACID WATER SYS             L           65.00
ADEC                       L                                                                                                                                 14.00
AE LIVE (Veccine)         VAIL        550.00
AGRIGUM                    L          325.00
ALDIKOL                    L          435.00
AMI VICON                             835.00
AMINOLIFE                PACKS      3,000.00
AMOXCIN                   VAIL        240.00
AMOXYCELINE                KG       2,100.00                                                              3.00                                                2.00      100.00
AMOXIVET                   INJ        365.00
AMPICILLIN 20%             KG         321.00                                                             23.00
AMPROLUIM                  KG       3,200.00                                                                                                                   -
ANGA VAC                  VAIL      2,050.00
AMPROCOX                   KG                                                                                                                                 8.00
AGENT INJ                 VAIL        360.00                                                              1.00
ANTHELMINE POWDER         100 G       213.75
ANTIGEN                     L       1,049.00
ANTHHALOMINE               KG       2,137.50
APRALAN                  50 GRM     1,112.00
AUGAVAC                    DS       2,242.50
AVIFFA(SHS)               VAIL      1,306.00
AVIFFRTI (SHS)            VAIL        810.00
AVINEW (ND)               VAIL        136.00                                                                                                                  3.00
AVITRUAL                  VAIL        810.00
AVIXIN                      L         695.00
AWABO LD COL                L         800.00             14
BETAQUM                   VAIL                                                                          115.00
BACOLAN                    INJ        380.00
BIO CHOLERA                         1,496.00
BIO -CORYZA 3              INJ      1,500.00
BIO H-120                             104.00
BIO -NEW COLI                       2,150.00
BIO POX                               255.00
BIO SHS                             3,000.00
BIO-LOSATA                            100.00
BLEACHING                  KG                                                                           150.00
BIORAL-H120               VAIL        113.85
BINEWAX                   VAIL      2,400.00
BORIC ACID                 KG          50.00
BURSINE                   VAIL        390.00                                                                 -                                                1.00
BURSINE-K                 VAIL      1,800.00                                                                                                                  4.00
C0LOR WASH                 KG         315.00                             25.00
CHLORAMPHEMNICAL           KG       1,650.00
CID 2000                    L         595.00
CID-20                      L         457.00                                                              3.00
COOLANT                     L         100.00
COLI VETO                  KG                                                                                                                                  -
COLISTINE                  kg       2,950.00                                                             15.00        5.00
COR - 2                   VAIL      5,650.00
Coli Sole                   L         540.00
CASTIC SODA                KG          25.00
CORBOLIC ACID              KG          72.00                            320.00                                                         113.00
COXIDAR                  PACKS        223.00
CORYZA                    vial      1,575.00                                                                                                                  7.00
CHLORINE Bleach Powder     KG           9.50                                                                                            50.00               180.00




                                                                                     Page 69 of 264
CHLORINE Bleach Liqued         L      17.00    35.00
CTC                         GRAM     224.00
DECOVOS                        L                                                  18.00
DARVISOL                       L      265.00                                                                154.00
DEFOMER                        L    1,000.00
DIFTOSEC-CT                  VIAL     235.00
DOXYLINE                      KG    3,200.00                                        -        -                7.00
DOXIN                        VAIL   1,050.00
Diluents                     VAIL                                                 45.00
DUPHALYTS                     INJ     400.00
Enro Sole                      L    1,200.00
ECM                           KG      720.00
EDS                          VAIL     800.00
EDS PLAIN                   VOIL    1,800.00
ELKOGENT                              220.00
ENRO                         KG     3,300.00                                      30.00                      10.50
ENROFLOXACINE                KG     2,600.00                                                5.00
ESB3                         KG     1,755.00
EXCENEL                      INJ    2,166.00
FORMALDAYDE                  KG       800.00   52.00     9.00
FORMAX INJ                  VAIL    1,000.00                                       4.00
FORMOLEEN                     L        20.83   28.00   120.00                      9.00            210.00   180.00
FURA                         KG       335.00
FOURTYDES                     L       351.00
FOWL CHOLERA (vineland)     VAIL      210.00                                        -
FOWL POX-FORTDODGE          VAIL      220.00
FOWL POX - IZOVACE          VAIL      220.00                                                                  6.00
FURALTADONE                  KG     2,000.00
FRUSICON POWDER              KG       441.00                                       1.00
FURAZOLIDAN                  KG       410.00
GALLIMUNE                   VAIL    1,500.00
GENTA KEL                   VAIL      280.00
GENTAMYCINE                 VIALS                                                                                        21.00
GENTA FAR                   VAIL     265.00                                        4.00
GENTA SOUN                           250.00
GENTAVETS                            265.00
Germi Cide (Soap)             L       35.00            200.00
GI GAS                        L      275.00
GROW-TECH                    KG      807.00
GUMBORAT -CT                VAIL     144.00
GUMBOHIT                    VAILS                                                         100.00             96.00   ]
GUMBOPEST                   VAIL    2,560.00
GUMBRO D-78                 VIAL      275.00                                     264.00
GUMBROIFFA KILLED           VAIL    1,753.00
H.C.L                         L         2.25            30.00                      4.00             90.00    30.00
H5 N2 INFLUNZA              VAIL    2,928.00
H5N9                        VAIL    2,800.00
H5N9H7N1(POULUAC)Influnza   VIAL    4,300.00
H5                          VAIL    4,000.00                                                                  4.00
H5 H7                       VAIL    4,000.00                                      33.00                       3.00
H9                          VAIL    2,560.00                                      16.00                       2.00
HALAMID                      KG       530.00
HATCHONET                     L       244.00
HUNTER-10                    PCK    1,080.00
I PENTA                             3,700.00
I.B-D-274                             550.00
IB 4-91                     VAIL      757.00
IB MASS TYPE                VIAL       90.00
IB ND 78 LIVE               VAIL      125.00
IB PRIMER                   VAIL      550.00                                                                495.00




                                                                Page 70 of 264
IBD D78 LIVE                   228.00
IBD KILLED                   1,760.00
ILT                  VAIL      390.00                                          160.00
IMMUCOX              VOIL    2,500.00
IOSAN                  L       540.00
I-Penta              VIOL    3,700.00
K.M.NO4               KG        80.00
KCND (TRISYM)        VAIL      360.00                             22.00
KALORIVAX             KG     1,750.00
KING CIDE              L       650.00
LEMDA SPRAY            L       375.00
LONG LIFE             KG       420.00
LEVAMISOLE            KG     1,350.00                             17.00
LIVACOX              VIAL    2,000.00                                            2.00
MEDMESOLE            JAR       310.00
MYCOMAS                L                                                  -
MYELOVAX             VIAL      509.45
Mega wit              KG       550.00
MYLLOUX                        443.00
NEOMYCINE             KG     1,800.00
MG BAC               VIAL    3,200.00                               -           18.00
N.D.LIVE                        79.00
ND + EDS KILLED      VIAL    2,248.00
ND LASOTA            VAIL       95.00                                         1,575.00
ND+IB LIVE            DS       110.00                                                    45.00
ND+IB (K) VINLAND     kg     1,875.00
ND+IB (K) FORTDOGE           2,400.00
ND+IB IZOVAC         VIAL    2,350.00                             13.00
ND+IB NEWBROWN               2,500.00
ND+IB3               VIAL    3,000.00
NEOVIT                 L     1,550.00
ND COLI (IZOVIC)     VIAL    2,632.00                                                    45.00
NOVAN                  L       600.00
OMNICID                L       350.00
OLVAC                VAIL    1,424.50
OVO -4               VAIL    5,600.00
OXAFAX                 L       610.00
OXIDAR                 L       240.00
OXOLINAL               L     2,700.00
OXY HCL                L       675.00
OXY BASE              KG       550.00
OXYNEOMYCINA           L     2,500.00
OXYTRETRACYINE        KG       650.00
PARMOX                ML       335.00
PEMARAC               KG     1,000.00
PERMSOLE                       620.00
POX (LIVE)           VAIL      500.00
POLVAC H7            VIAL    4,300.00
Poxine                vial     650.00
PHENYLE                L        47.00   240.00                     3.00         30.00
PREDNISELENE         VAILS                                        16.00
PREDEF (INJ)          INJ     472.00
PROSTREP                                                          28.00
PROPHYLE               L      380.00
QUAT-800               L      285.00                               6.00
RODENT BLACK          KG      280.00
REMACYCLINE          VIAL     270.00
SANI SQUID             L      360.00                               3.00
SANI VET               L      350.00
SBS3                 VIAL      69.00




                                                 Page 71 of 264
SHS LIVE                       VAIL             1,093.00
SHS KILLED                     VAIL             3,000.00
SOLURNEL                         kg             1,150.00
SPIROVET                        KG              1,200.00
SUPER-SEPT                        L               350.00
SURF                            KG                 25.80           50.00              30.00                             60.00                            190.00
TH4                               L               480.00
TERGOVET                        KG              6,500.00
Trioxal                        VAIL               480.00                                                                                                                          1.00
TRISM                           INJ
TRIBRSON                       VAIL               330.00
TRT Killed                     VAIL             3,000.00
TYLINE                         VIAL               360.00
UNIVAX                                                                                                                    1.00
TYLON                           KG              4,800.00                                                                  3.00
VECEINE DELVENT                VIAL               220.00
VACCINE STB POWDER             PCK                 18.00
VERMIZOL FORT                     L             1,050.00                                                                   -
VETRIMXIN                       ML                360.00
VETY VAC A1(H7+H9) OIL-BASED                    1,725.00
VETCOLIMAX                      KG                                                                                                                                                9.00
VETY-VAC AL                                     1,725.00
VIRKAN-S                        KG                920.00           42.00             130.00
VIRO CID                          L               365.00
VITA SOLE SUPER                 KG                260.00
VITAMINS                        KG              1,830.00                                                                  5.00
TOTAL MEDICATION & DISINFACTION

                                                                                                                HI-TECH POULTRY BREEDERS (PVT.) LTD.
                                                                                                                   FARM STOCK REPORT ON 30-06-2009

                                             Rate/K.G      HATCHERY R.R    HATCHERY MNL RD     MULTAN HATCH         FAM#1        SULTANKE   BATTAL      WATNA      FARM#5   S.S.NO.6     FARM #7      FARM # 8
FEEDS PUNJAB FARMS              KG            21.94                                                                  29,700.00         -         -     11,750.00        -     9,747.50     4,916.50    54,030.00
FEEDS N.W.F.P FARMS             KG            21.94
MALE BIRDS                      NO
FEMALE BIRDS                    NO
EMPTY FEED BAGS                 NO               7                                                                    1,763.00        -         -        150.00         -       195.00      718.00      1,692.00
DIESEL                          LT            64.76                80.00            9,648.00
MOBIL OIL                       LT             281                                    283.00
RICE HUSK                     TRUCK           12000
CHICK BOXES                      1              22                                 15,247.00
EGG BOX                          1              30                                    400.00                          1,657.00
EGG TRAYS                        1               3                                  8,000.00                            175.00
Hatching Eggs at Farm           No              12                                                                  151,689.00        -         -            -          -          -            -     583,568.00
GRAND TOTAL




                           Eggs In Machine


                           Lahore             1,615,680            20.00          32,313,600
                           Multan             1,520,640            20.00          30,412,800
                           Karachi                  -                                    -
                               Total          3,136,320            20.00          62,726,400




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FARM#9   TOTAL            AMOUNT
                    -              -
                    -              -

                    -              -
                    -              -
                    -              -
                    -              -
                    -              -
                    -              -
                 105.00     220,500.00
                    -              -
                  23.00       7,383.00
                    -              -
                    -              -

                   1.00        360.00
                    -             -
                    -             -
                    -             -
                    -             -
                    -             -
                    -             -
                    -             -
                   3.00        408.00

                    -              -
                    -              -

                    -              -
                    -              -
                    -              -
                    -              -
                    -              -
                    -              -
                    -              -
                    -              -

                    -              -
                    -              -
                    -              -
                   1.00         390.00
                   4.00       7,200.00
                  25.00       7,875.00
                    -              -
                    -              -
                   3.00       1,371.00
                    -              -

                  20.00      59,000.00
                    -              -

                    -              -
                 433.00      31,176.00
                    -              -
                   7.00      11,025.00
                 230.00       2,185.00                     formleen




                                         Page 107 of 264
   -            -                       chlorin

154.00    40,810.00
   -            -
   -            -
  7.00    22,400.00
   -            -

   -            -
   -            -
   -            -
   -            -
   -            -
   -            -
 40.50   133,650.00
  5.00    13,000.00
   -            -
   -            -
 61.00    48,800.00
  4.00     4,000.00
547.00    11,394.01

   -            -
   -            -
   -            -
  6.00     1,320.00
   -            -
  1.00       441.00
   -            -
   -            -


  4.00     1,060.00
   -            -
   -            -
200.00     7,000.00
   -            -
   -            -
   -            -

   -            -
264.00    72,600.00
   -            -
154.00       346.50
   -            -
   -            -
   -            -


 18.00    46,080.00
   -            -
   -            -
   -            -
   -            -
   -            -
   -            -
   -            -
   -            -
495.00   272,250.00




                      Page 108 of 264
    -             -
    -             -
 160.00     62,400.00
    -             -
    -             -
    -             -
    -             -
  22.00      7,920.00
    -             -
    -             -
    -             -
    -             -
  17.00     22,950.00
   2.00      4,000.00
    -             -

     -            -
     -            -
     -            -
     -            -
   18.00    57,600.00
     -            -
     -            -
1,575.00   149,625.00
   45.00     4,950.00
     -            -
     -            -
   13.00    30,550.00
     -            -
     -            -

  45.00    118,440.00
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -
    -             -

    -             -
    -             -
 273.00     12,831.00

     -            -

    -             -
   6.00      1,710.00
    -             -
    -             -
   3.00      1,080.00
    -             -
    -             -




                        Page 109 of 264
                             -                     -
                             -                     -
                             -                     -
                             -                     -
                             -                     -
                          330.00              8,514.00
                             -                     -
                             -                     -

      5.00
                             -                      -
                             -                      -
                             -                      -

                            3.00             14,400.00
                             -                     -
                             -                     -
      3.00
                             -                      -
                             -                      -

                             -                      -
                          172.00             158,240.00
                             -                      -
                             -                      -
       -                    5.00               9,150.00
                        5,504.50           1,688,384.51




FARM#9       Quantity/K.G           Amount Rs:
54,200.00              164,344.00            3,605,707
                              -                    -
                              -                    -
                              -                    -
  1,555.00               6,073.00               42,511
  5,599.00              15,327.00              992,577
    152.00                 435.00              122,235
                              -                    -
                        15,247.00              335,434
                         2,057.00               61,710
                         8,175.00               24,525
447,344.00           1,182,601.00           14,191,212
                     1,394,259.00           19,375,911

             Medicine                        1,688,385
             Feed                            3,605,707
             Other                          15,770,204
             Total                          21,064,295    21,064,295




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AMOUNT        AMOUNT           AMOUNT
         0                0             0




             Page 142 of 264
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0                0               0
                      GR.TOTAL




    Page 144 of 264
30   650




           Page 145 of 264
30   450




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XZY LIMITED
Stock Valuation - P arent Flock                                                                                                                                                      Hi-Tech Poultry Breeders (Pvt.) Ltd
As on June 30,2010                                                                                                                                                                   Stock Valuation As at June 30,2010

                                    Flock-72      Flock-73        Flock-74     Flock-75      Flock-76       Flock-77      Flock-78       Flock-79     Flock-80      Grand Total               Location            Eggs in Machines        Rate          Amount
         30-Jun-10                Farm-6 & 5       Farm-7          Farm-3       Farm-4        Farm-9         Farm-2        Farm-8         Farm-6       Farm-1                        Lahore Hatchery                                       8.00             -
Input Date                         19-Apr-09     22-May-09        1-Oct-09     5-Oct-09      24-Dec-09      5-Jan-10      25-Feb-10     29-Mar-10     3-Jun-10                                                                                                     .
No of Chicks Input ♂                  11,648           10,816        12,075          7,722         5,661        6,405         9,750          9,000        8,460            81,537
No of Chicks Input ♀                  74,500           72,500        83,720         51,480       77,229        62,388        65,000         60,000       65,000           611,817
H.H                                     34000          71,000        82,000         50,000       74,000           -             -              -            -             311,000    Multan Hatchery                                        8.00               -
Age as on June 30,2010                     63              57            39             39            27           25            18             13     28 DAYS                281

Rearing Cost                                 0               0   24,678,300    15,163,865    22,313,923    21,765,917     8,367,155     5,945,407     8,063,866       106,298,433    Total                                       -                             -

Rearing Cost / H.H                       -               -           301.00        303.28           302           -             -             -             -                 906    Eggs at Farm As at June 30, 2009
                                                                                                                                                                                                                                                                   .
Weeks in Production                       38              32             14            14             2           -             -             -             -                 100    Farm-1                                                       8            -
                                                                                                                                                                                     Farm-8                                                       8            -
Total Production weeks                    40              40             40            40            40            40            40            40            40               360    Farm-9                                                       8            -

Salvage Value                     2,837,288        9,623,840     11,355,820     6,810,620    10,893,438     9,660,338     8,348,065     3,608,686     1,422,463        64,560,557
                                                                                                                                                                                     Total                                       -                             -
Total Cost to be depleted         (2,837,288)     (9,623,840)    13,322,480     8,353,245    11,420,486    12,105,580       19,090      2,336,721     6,641,403        41,737,876

Cost depleted                     (2,695,424)     (7,699,072)     4,615,288     2,923,636       571,024               0             0             0             0      (2,284,548)   Empty Feed Bags at Farm As at June 30, 2009
                                                                                                                                                                                                                       No of bags          rate       Amount
Closing Stock                     2,837,288        9,623,840     20,063,012    12,240,229    21,742,899     9,660,338     8,348,065     3,608,686     1,422,463        89,546,820
                                                                                                                                                                                     Farm-1                                                       5            -
                                                                                                                                                                                     Farm-4                                                       5            -
No. of Females                       20,974           68,574         81,172        48,966        74,207        58,322        63,974        59,472        64,772           540,433    Farm-6                                                       5            -
Average Weight                         3.05             3.00           3.00          3.00          2.75          2.75          2.00          0.90          0.35                21    Farm-7                                                       5            -
No. of Males                          1,989            9,964         11,537         7,190         5,018         5,548         9,534         8,888         8,402            68,070    Farm-8                                                       5            -
Average Weight                           3.5              3.5            3.5          3.25         2.75          2.75          2.50          1.36          0.38                23    Farm-9                                                       5            -
Average Rate                              40               40             40            40            50            55            55            55            55              430
Cost of Females                   2,558,828        8,228,880      9,740,640     5,875,920    10,203,463     8,821,203     7,037,140     2,943,864     1,246,861        56,656,798    Total                                       -                             -
Cost of Males                       278,460        1,394,960      1,615,180       934,700       689,975       839,135     1,310,925       664,822       175,602         7,903,759
                      Total       2,837,288        9,623,840     11,355,820     6,810,620    10,893,438     9,660,338     8,348,065     3,608,686     1,422,463        64,560,557    Feed Bags at Farm As at June 30, 2009

                                                                                   309.68                                                                                                                                  No of bags      rate       Amount

                                                                                                                                                                                     Farm-1                                             1,097.10               -
                                                                                                                                                                                     Farm-4                                             1,126.00               -
                                                                                                                                                                                     Farm-6                                             1,070.10               -
                                                                                                                                                                                     Farm-7                                             1,097.10               -
                                                                                                                                                                                     Farm-8                                             1,097.10               -
                                                                                                                                                                                     Farm-9                                             1,097.10               -

                                                                                                                                                                                                                                 -                             -
CLIENT:     XYZ LIMITED
PERIOD:     AUDIT FOR THE YEAR ENDED JUNE 30.2009


          SCHEDULE OF DIFFERENCE B/W ACCCOUNTING & TAX DEPRECIATION

              FINANCIAL           AS PER ACCOUNTING RULES                AS PER TAX RULES
                 YEAR          DEPRECIATIO ACC. DEPRECIATION      DEPRECIATION
            2003                    N
                                   24,908,561   24,908,561             55,474,385

            2004                     28,432,502     53,341,063         36,402,328

            2005                     28,629,022     81,970,085         28,629,022

            2006                     31,220,754     113,190,839        55,692,379

            2007                     29,700,269     142,891,108        29,700,269

            2008                     26,922,996     169,814,104        26,922,996

                   TOTAL         169,814,104                        232,821,379
AS PER TAX RULES                 TIMING
              ACC.            DIFFERENCES
          DEPRECIATION
             55,474,385.00         30,565,824

              91,876,713.00         7,969,826

             120,505,735.00                 0

             176,198,114.00        24,471,625

             205,898,383.00                 0

             232,821,379.00                 0

                                 63,007,275
Closing Stock of Parent Flock
Parent Flock
                     Male      Female      Weeks
Farm No 8 Flock 55        3308       27877       65
Farm 7,5 Flock 56         8774       59231       68
Farm No 1 Flock 57        6787       49037       61
Farm No 3 Flock 58        5263       39621       33
Farm No 4 Flock 59        3768       25295       31
Farm No 9 Flock 60       10494       75770       17
Farm No 2 Flock 61        7825       55772       11
Farm No 6 Flock 62        7241       53066        7
                         53460      385669                  120,213,821

Eggs
At Hatchery

            Lahore       1417680
            Mulktan      1275120
            Karachi
                         2692800                       8     21,542,400


Feed Bags
            Farm    1     601.78        30,088.83   12.99      390,854
            Farm    2     835.27        41,763.29   12.99      542,505
            Farm    3     481.33        24,066.43   12.99      312,623
            Farm    4      18.40           920.23   12.99       11,954
            Farm    5     859.25        42,962.68   12.99      558,085
            Farm    6     576.82        28,841.07   12.99      374,646
            Farm    7     324.36        16,218.06   12.99      210,673
            Farm    8      14.27           713.64   12.99        9,270
            Farm    9      79.52         3,975.78   12.99       51,645

            Total        3,791.00      189,550.01             2,462,255


Medicine                                                     14,033,411

Others                                                        4,240,878

                        Total Stocks                        162,492,764

				
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