Cold Storage Financial Statements by tmir1

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									COLD STORAGE PROVIDERS
BALANCE SHEET
AS AT JUNE 30, 2012
ASSETS

NON-CURRENT ASSETS                           2012
                                     Note
                                            Rupees

Property, plant and equipment         1     55,996,230
Long term deposits                    2       750,000

                                            56,746,230

CURRENT ASSETS

Trade debts                           3      1,723,048
Advances and other receivables        4        62,426
Cash and bank balances                5       263,762
                                             2,049,236

TOTAL ASSETS                                58,795,466

CAPITAL AND LIABILITIES

EQUITY


Proprietor's capital                  6      3,537,486



NON-CURRENT LIABILITIES
Long term loans                                      -

CURRENT LIABILITIES

Creditors accrued & other payables    7       341,403
Bank Loan & Overdraft                       54,904,888
Provision for taxation                8        11,688
                                            55,257,980
                                            58,795,466
COLD STORAGE PROVIDERS
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2012

                                              2012
                                      Note
                                             Rupees

Revenue                                9     13,959,057

Cost of sales                          10     5,276,956

Gross profit                                  8,682,101

Administrative and general expenses    11      485,889

Profit before interest and taxation           8,196,212

Finance cost                           12     7,962,447


Profit before taxation                         233,765

Taxation                               8        11,688

Net profit after taxation                      222,077     18,506.42



                                                              18,506




                                                          9253.212046
COLD STORAGE PROVIDERS
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               45,000,000           -     45,000,000    0                -              -                -      45,000,000
    Building                      5,700,000           -      5,700,000    5      285,000           270,750       555,750           5,144,250
    Plant & Machinary             7,000,000       150,000    7,150,000    10     700,000           645,000      1,345,000          5,805,000
    Furniture & Fixture             48,000          9,000      57,000     10       4,800             5,220          10,020           46,980

                                 57,748,000       159,000   57,907,000           989,800           920,970      1,910,770         55,996,230

    Allocation of depreciation

           Cost of sales                                                                                                            915,750
           Admin                                                                                                                       5,220
                                                                                                                                    920,970

2   LONG TERM DEPOSITS

    Security deposit                                                                               2.1                              750,000

                                                                                                                                    750,000

     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

                                                                                                                                   1,723,048
    Unsecured

4   ADVANCES AND OTHER RECEIVABLES

    Advance income tax                                                                                                               12,426
    Other receivables                                                                                                                50,000

                                                                                                                                     62,426

5   CASH AND BANK BALANCES

           Bank                                                                                                                     246,162
           Cash in hand                                                                                                              17,600

                                                                                                                                    263,762

6   PROPRIETOR'S CAPITAL

           Capital at the beginning of the year                                                                                    3,393,136

    Less: Drawings                                                                                                                   77,727

    Add: Profit foe the period                                                                                                      222,077

           Capital at the end of the year                                                                                          3,537,486
COLD STORAGE PROVIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
                                                       2012
                                               Note
                                                      Rupees

7    CREDITORS ACCRUED AND OTHER LIABILITIES

     Accrued expenses                                   335,703
     Other payables                                        5,700

                                                        341,403

8    TAXATION

     Provision for taxation                              11,688


9    REVENUE

     Receipts                                         13,959,057



10   COST OF SALES

     Wages and benefits                                 540,000
     Electricity                                       3,305,068
     Ammonia Gas                                         70,000
     Oil and energy                                      63,344
     Repair and maintenance                             236,541
     Depreciation                                       915,750
     Miscellaneous                                      146,253
                                                       5,276,956

11   ADMINISTRATIVE AND GENERAL EXPENSES

     Salaries, wages & benefits                          72,000
     Electricity and power expenses                      66,101
     Telephone                                           45,271
     Traveling and conveyance                            54,788
     Entertainment                                      114,132
     Printing and stationery                               9,333
     Mobile phone expenses                               22,673
     Legal and professional charges                      10,000
     Audit fee                                           15,000
     Depreciation                                          5,220
     Miscellaneous                                       71,370

                                                        485,889
COLD STORAGE PROVIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012

                                                                              2012
                                                                      Note
                                                                             Rupees

12   FINANCE COST

     Financial charges                                                        7,961,209
     Bank charges                                                                1,238

                                                                              7,962,447


13   NUMBER OF EMPLOYEES

     Number of permanent employees at the year end.                                   9


14   GENERAL

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




                                     #REF!
COLD STORAGE PROVIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
                                     (27,217,267)
COLD STORAGE PROVIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
COLD STORAGE PROVIDERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 30, 2012
 COLD STORAGE PROVIDERS
 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
 COLD STORAGE PROVIDERS
 NOTES TO THE FINANCIAL STATEMENTS
 FOR THE PERIOD ENDED JUNE 30, 2012
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




  222,077



   55,519
0.374219499


        3,000




#REF!




  40490.766
#REF!
#REF!   #REF!




#REF!
        #REF!
                     -




        #REF!




        27,217,267

#REF!
(27,217,267)   #REF!
#REF!

#REF!

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




6,000

5,508

3,773

4,566

9,511

 778



 833




5,948

								
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