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Super Store Financial Statements

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					SUPER STORE ONE
BALANCE SHEET
AS AT JUNE 30, 2012
ASSETS

NON-CURRENT ASSETS                           2012
                                     Note
                                            Rupees

Property, plant and equipment         1     117,372,127
Long term deposits                    2         55,000

                                            117,427,127

CURRENT ASSETS

Trade debts                           3        125,040
Stock in trade                       10       3,088,151
Advances and other receivables        4       2,401,480
Cash and bank balances                5        430,979
                                              6,045,650

TOTAL ASSETS                                123,472,776

CAPITAL AND LIABILITIES

EQUITY


Partner's capital                     6      78,372,587



NON-CURRENT LIABILITIES
Long term loans                                       -

CURRENT LIABILITIES

Creditors accrued & other payables    7       1,638,264
Bank Loan & Overdraft                        43,437,892
Provision for taxation                8         24,033
                                             45,100,190
                                            123,472,776
SUPER STORE ONE
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2012

                                              2012
                                      Note
                                             Rupees

Sales                                  9     79,771,654

Cost of sales                          10    64,832,030

Gross profit                                 14,939,624

Administrative and general expenses    11     8,318,321

Profit before interest and taxation           6,621,303

Finance cost                           12     6,300,859


Profit before taxation                         320,443

Taxation                               8        24,033

Net profit after taxation                      296,410


                                                             24,701
Profit Distribution as under


Partner 1                             50%      148,205

Partner 2                             25%       74,103

Partner 3                             25%       74,103

                                               296,410


                                                          12350.4253
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                                                                               2012
                                                                                                             Note
                                                                                                                              Rupees

1   PROPERTY, PLANT AND EQUIPMENT

                                              Cost                                          Depreciation
                                                                                                                            Written down
                               As at                      As at               As at         For the year /    As at
                                                                                                                             value as at
    Particulars               July 01,     Additions/    June 30,     Rate   July 01,                        June 30,       June 30, 2012
                                2011       (deletion)      2012               2011          (adjustment)        2012
                                            Rupees                     %                               Rupees

    Free hold land            70,000,000         -       70,000,000    0                -              -                -     70,000,000
    Building                  45,000,000                 45,000,000    5     2,250,000        2,137,500      4,387,500        40,612,500
    Furniture and fixture      1,600,000     200,000      1,800,000    10     160,000           164,000         324,000         1,476,000
    Computer equipments          100,000         -         100,000     30      30,000            21,000          51,000           49,000
    Plant and machinery        5,400,000     356,252      5,756,252    10     540,000           521,625         521,625         5,234,627

                             122,100,000     556,252    122,656,252          2,980,000        2,844,125      5,284,125       117,372,127

2   LONG TERM DEPOSITS

    Security deposit                                                                            2.1                               55,000

                                                                                                                                  55,000

     2.1 This amount represents security deposits paid to WAPDA for the installation of electricity connection and
         to PTCL against telephone connection.

3   TRADE DEBTS

                                                                                                                                 125,040
    Unsecured

4   ADVANCES AND OTHER RECEIVABLES

    Advances to suppliers                                                                                                       2,136,653
    Advance to employees                                                                                                         173,266
    Advance income tax                                                                                                            35,561
    Other receivables                                                                                                             56,000

                                                                                                                                2,401,480

5   CASH AND BANK BALANCES

          Bank                                                                                                                   323,304
          Cash in hand                                                                                                           107,675

                                                                                                                                 430,979
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                         2012        2012
                                                Note
                                                       Rupees       Rupees


6   PARTNER'S CAPITAL


    Partner 1
                        Opening balance                39,127,011

                Less:   Drawings                          88,923

                Add:    Profit for the period            148,205

                                                       39,186,293   39,186,293

    Partner 2
                        Opening balance                19,563,506

                Less:   Drawings                          44,462

                Add:    Profit for the period             74,103

                                                       19,593,147   19,593,147

    Partner 3
                        Opening balance                19,563,506

                Less:   Drawings                          44,462

                Add:    Profit for the period             74,103

                                                       19,593,147   19,593,147

                        Total capital                               78,372,587
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
                                                       2012
                                               Note
                                                      Rupees

7    CREDITORS ACCRUED AND OTHER LIABILITIES

     Creditors                                         1,232,334
     Accrued expenses                                   394,930
     Other payables                                      11,000

                                                       1,638,264

8    TAXATION

     Provision for taxation                              24,033


9    REVENUE

     Sales                                            79,771,654



10   COST OF SALES


     Opening Stock                                     2,876,362

Add: Purchases                                        65,043,819

Less: Closing Stock                                    3,088,151

                                                      64,832,030

11   ADMINISTRATIVE AND GENERAL EXPENSES

     Salaries, wages & benefits                        2,640,000
     Electricity and power expenses                    1,907,045
     Telephone                                          192,120
     Traveling and conveyance                           136,500
     Repair and maintenance                             162,500
     Mobile phone                                        45,300
     Entertainment                                      123,500
     Printing and stationery                            117,000
     Postage                                               4,261
     Legal and professional charges                      25,000
     Audit fee                                           30,000
     Depreciation                                      2,844,125
     Advertisement                                       43,455
     Miscellaneous                                       47,515

                                                       8,318,321
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                             2012
                                                                     Note
                                                                            Rupees

12   FINANCE COST

     Financial charges                                                       6,298,494
     Bank charges                                                               2,365

                                                                             6,300,859

13   NUMBER OF EMPLOYEES

     Number of permanent employees at the year end.                                 20


14   GENERAL

      14.1 The figures have been rounded off to the nearest Rupee.
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
SUPER STORE ONE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
 SUPER STORE ONE
 NOTES TO THE FINANCIAL STATEMENTS
 FOR THE PERIOD ENDED JUNE 30, 2012




                                                               DIRECTOR
       CHIEF EXECUTIVE
                                                               302,276,946
Raw Material Consumed                     18.1           -       4,310,942
Packing Material Consumed                 18.2           -      21,879,895
Salaries, Wages & Benefits                18.3    32,765,575     4,009,359
Stores, Spares and Loose Tools Consumed   18.4    11,726,528    43,990,707
Fuel & Power                                      49,822,130        98,771
Postage, Telegram and Telephone                      118,290        47,289
Traveling & Conveyance                               415,003       543,421
Insurance                                            719,023           -
Entertainment                                        138,774       453,715
Other Factory Overheads                            1,211,712    14,478,435   1,143,196
Depreciation                              #REF!   #REF!
Op    78254023


Dra   177846.12


PFP   296410.21


Clo   78372587

				
DOCUMENT INFO
Description: Financial Statements including Balance Sheet, Profit & Loss and Notes.