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Advertising Agency Financial Statements

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					ADVERTISING AGENCY
BALANCE SHEET
AS AT JUNE 30, 2012
ASSETS

NON-CURRENT ASSETS                           2012
                                     Note
                                            Rupees

Property, plant and equipment         1     64,066,000
Long term deposits                    2        25,210

                                            64,091,210

CURRENT ASSETS

Advances and other receivables        3          9,706
Trade receivables                     4       289,563
Cash and bank balances                5        43,868
                                              343,137

TOTAL ASSETS                                64,434,347

CAPITAL AND LIABILITIES

EQUITY


Partner's capital                     6      1,785,689



NON-CURRENT LIABILITIES
Long term loans                                      -

CURRENT LIABILITIES

Creditors accrued & other payables    7       110,777
Bank Loan & Overdraft                       62,529,979
Provision for taxation                8          7,902
                                            62,648,658
                                            64,434,347
 ADVERTISING AGENCY
 PROFIT AND LOSS ACCOUNT
 FOR THE YEAR ENDED JUNE 30, 2012

                                                             2012
                                                     Note
                                                            Rupees

Gross receipts                                        9     12,390,336

Cost of receipts and administrative expenses          10     3,125,388                 0.3125313


Profit before interest and taxation                          9,264,948         0.75     0.747756


Finance cost                                          11     9,067,398


Profit before taxation                                        197,550

Taxation                                              8          7,902

Net profit after taxation                                     189,648     15,804.03



                                                                             15,804



Profit Distribution as under:

Partner 1                                      51%             96,721

Partner 2                                      49%             92,928

                                                              189,648    7902.017138
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                                                                            2012
                                                                                                          Note
                                                                                                                           Rupees

1   PROPERTY, PLANT AND EQUIPMENT

                                            Cost                                         Depreciation
                                                        As at              As at         For the year /                  Written down
                              As at                                                                          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

    Land                    62,000,000         -      62,000,000    0                -              -                -     62,000,000
    Building                 2,000,000         -       2,000,000    5      100,000            95,000         195,000         1,805,000
    Furniture and fixture     250,000        4,500      254,500     10       25,000           22,500          47,500          207,000
    Computer & allied         100,000        5,000      105,000     30       30,000           21,000          51,000           54,000

                            64,350,000       9,500    64,359,500           155,000           138,500         293,500       64,066,000

2   LONG TERM DEPOSITS

    Security deposit                                                                         2.1                               25,210

                                                                                                                               25,210

     2.1 This amount represents security deposits paid to WAPDA for the installation of electricity
         connection, to Sui Northern Gas connection, PTCL against telephone connection.


3   ADVANCES AND OTHER RECEIVABLES

    Advance to suppliers                                                                                                       15,670
    Advance income tax                                                                                                             772
    Other receivables                                                                                                           8,934

                                                                                                                                9,706


4   TRADE DEBTS


    Unsecured debtors                                                                                                         289,563

5   CASH AND BANK BALANCES

           Bank                                                                                                                 7,089
           Cash in hand                                                                                                        36,779

                                                                                                                               43,868
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
                                                               2012
                                                    Note
                                                              Rupees
6    PARTNER'S CAPITAL

     Partner 1
           Capital at the beginning of the year     846,415
     Less: Drawings                                  32,434
     Add: Profit for the period                      96,721

           Capital at the end of the year           910,701     910,701


     Partner 2
           Capital at the beginning of the year     802,060
     Less: Drawings                                  20,000
     Add: Profit for the period                      92,928

           Capital at the end of the year           874,988     874,988

     Total Capital                                             1,785,689

7    ACCRUED AND OTHER LIABILITIES

     Accrued expenses                                            94,804
     Advances from customers                                     12,882
     Other payables                                                3,091

                                                                110,777

8    TAXATION

     Provision for taxation                                        7,902


9    GROSS RECEIPTS

     Receipts                                                 12,390,336


10   COST OF RECEIPTS AND ADMINISTRATIVE EXPENSES

     Salaries, wages & benefits                                 955,387
     Electricity                                                115,221
     Telephone                                                   67,034
     Postage & telegram                                          17,602
     Repair and maintenance                                      42,931
     Vehicle running & maintenance                               55,671
     Contractual fee with cinemas                              1,571,883
     Entertainment                                               38,768
     Printing and stationery                                     36,754
     Legal and professional charges                                5,000
     Audit fee                                                   10,000
     Depreciation                                               138,500
     Miscellaneous                                               70,637

                                                               3,125,388
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                             2012
                                                                     Note
                                                                            Rupees

11   FINANCE COST

     Financial charges                                                       9,066,847
     Bank charges                                                                   551

                                                                             9,067,398

12   NUMBER OF EMPLOYEES

     Number of permanent employees at the year end.                                  21


13   GENERAL

      13.1 The figures have been rounded off to the nearest Rupee.
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012




                                     #REF!

                                     (27,218
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
ADVERTISING AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
 ADVERTISING AGENCY
 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!
 2011
Rupees
45,324,589




 0.374219499


  1,656,000




#REF!




 260448.9633
#REF!
#REF!   #REF!




#REF!
        #REF!
-
               #REF!




               27,218,000

#REF!

(27,218,000)                #REF!
#REF!

#REF!

#REF!
15346598
7,756,491   8,899,687
 79,616

  9,602

  5,586



  3,578

  4,639

130,990

  3,231

  3,063

   417

   833



  5,886

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