Builders _ Construction Business Financial Statements by tmir1

VIEWS: 13 PAGES: 47

More Info
									BUILDERS & CONSTRUCTION COMPANY
BALANCE SHEET
AS AT JUNE 30, 2012
ASSETS

NON-CURRENT ASSETS                           2012
                                     Note
                                            Rupees

Property, plant and equipment         1       308,768
Long term deposits                    2          5,600

                                              314,368

CURRENT ASSETS

Trade debts                           3     14,257,060
Stock in trade                       10      9,004,800
Advances and other receivables        4      5,037,562
Cash and bank balances                5       590,394
                                            28,889,816

TOTAL ASSETS                                29,204,184

CAPITAL AND LIABILITIES

EQUITY


Proprietor's capital                  6      3,656,841



NON-CURRENT LIABILITIES
Long term loans                                      -

CURRENT LIABILITIES

Creditors accrued & other payables    7       665,477
Bank Loan & Overdraft                       24,879,059
Provision for taxation                8          2,806
                                            25,547,342
                                            29,204,184
BUILDERS & CONSTRUCTION COMPANY
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2012

                                              2012
                                      Note
                                             Rupees

Revenue                                9     55,127,019

Cost of sales                          10    48,807,647

Gross profit                                  6,319,372

Administrative and general expenses    11     2,434,569
Selling and distribution expenses      12      135,265
                                              2,569,834
Profit before interest and taxation           3,749,538

Finance cost                           13     3,609,232


Profit before taxation                         140,306

Taxation                               8         2,806

Net profit after taxation                      137,500     11,458.32



                                                              11,458




                                                          5729.161305
BUILDERS & CONSTRUCTION COMPANY
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

    Furniture and fixture         225,000        6,700     231,700    10      22,500        20,920          43,420        188,280
    Computer equipment            148,750          -       148,750    10      14,875        13,388          28,263        120,488

                                  373,750        6,700     380,450            37,375        34,308          71,683        308,768

2   LONG TERM DEPOSITS

    Security deposit                                                                       2.1                               5,600

                                                                                                                             5,600

     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

                                                                                                                        14,257,060
    Unsecured

4   ADVANCES AND OTHER RECEIVABLES

    Advance to suppliers                                                                                                 4,572,800
    Advance to employees                                                                                                   87,500
    Advance income tax                                                                                                     15,262
    Other receivables                                                                                                     362,000

                                                                                                                         5,037,562

5   CASH AND BANK BALANCES

          Bank                                                                                                            576,522
          Cash in hand                                                                                                     13,872

                                                                                                                          590,394

6   PROPRIETOR'S CAPITAL

          Capital at the beginning of the year                                                                           3,567,466

    Less: Drawings                                                                                                         48,125

    Add: Profit foe the period                                                                                            137,500

          Capital at the end of the year                                                                                 3,656,841
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
                                                       2012
                                               Note
                                                      Rupees

7    CREDITORS ACCRUED AND OTHER LIABILITIES

     Creditors                                          584,088
     Accrued expenses                                    74,290
     Other payables                                        7,100

                                                        665,477

8    TAXATION

     Provision for taxation                                2,806


9    REVENUE

     Sale                                             55,127,019


10   COST OF SALES


            Opening Stock                              5,820,360

     Add: Purchases                                   51,992,087

     Less: Closing Stock                               9,004,800

                                                      48,807,647

11   ADMINISTRATIVE AND GENERAL EXPENSES

     Salaries, wages & benefits                         770,099
     Electricity and power expenses                      51,975
     Telephone                                           69,401
     Traveling and conveyance                            89,104
     Repair and maintenance                              73,786
     Entertainment                                      121,192
     Rent                                               237,600
     Printing and stationery                             52,396
     International traveling                            473,382
     Import and export expenses                         393,615
     Legal and professional charges                      15,000
     Audit fee                                           20,000
     Depreciation                                        34,308
     Miscellaneous                                       32,711

                                                       2,434,569

12   SELLING AND DISTRIBUTION EXPENSES


            Advertisement                               135,265
                                                        135,265
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                             2012
                                                                     Note
                                                                            Rupees

13   FINANCE COST

     Financial charges                                                       3,607,464
     Bank charges                                                               1,768

                                                                             3,609,232

14   NUMBER OF EMPLOYEES

     Number of permanent employees at the year end.                                  7


15   GENERAL

      15.1 The figures have been rounded off to the nearest Rupee.
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012




                                     #REF!

                                     (27,255,92
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
BUILDERS & CONSTRUCTION COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
 BUILDERS & CONSTRUCTION COMPANY
 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




  137,500



   34,375
#REF!




#REF!         #REF!


0.374219499


    64,175     9,167.85

   4331.249




#REF!




202880.7545
#REF!
#REF!   #REF!




#REF!
        #REF!
        -




#REF!
               27,255,926

#REF!

(27,255,926)                #REF!
#REF!

#REF!

#REF!
15346598
7,756,491   8,899,687
14,875   133,875   13,388   120,488   12,049
         #REF!




                 0.885367072




64,175

 4,331

 5,783

 7,425

 6,149

10,099



 4,366




 1,250




 2,726
#REF!   #REF!

								
To top