30/Nov/13

1100 CASH & BANK BALANCES

1100 CASH & BANK BALANCES:1101 CASH IN HAND
1100 CASH & BANK BALANCES:1101 CASH IN HAND:1101.01 CASH IN HAND HEAD OFFICE
1100 CASH & BANK BALANCES:1101 CASH IN HAND:1101.02 CASH IN HAND PETTY
1100 CASH & BANK BALANCES:1102 CASH AT BANK
1100 CASH & BANK BALANCES:1102 CASH AT BANK:1102.01 SUMMIT BANK LTD
1100 CASH & BANK BALANCES:1102 CASH AT BANK:1102.02 Standard Chartered Bank Dubai
1100 CASH & BANK BALANCES:1102 CASH AT BANK:1102.03 Allied Bank Limited
1100 CASH & BANK BALANCES:1102 CASH AT BANK:1102.04 UAE BANK A/C
1200 ACCOUNTS RECEIVABLE
1120 Inventory Asset
1120 Inventory Asset:1120.01 STOCK INVENTORY
1120 Inventory Asset:1120.02 OTHERS
1300 INVENTORY ASSETS
1300 INVENTORY ASSETS:1300.01 IP PHONE
1300 INVENTORY ASSETS:1300.02 PPC STOCK
1499 UNDEPOSITED FUNDS
1700 ADVANCES, DEPOSITS & PREPAYMENT
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.01 NETS RECEIVABLE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.02 NATIONAL ENGINEERS
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.03 NETS INTERNATIONAL
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.04 Security agains Building
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.05 Advance Building Rent
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.06 Security Against Qarshi Water
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.07 TENDER SECURITY (BOP)
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.08 ICT TRAININGS INSTITUTE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.09 TENDOR SECURITY LCWU
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.10 TENDOR SECURITY KINNARD COLLEGE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.11 ICT SOURCING
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.12 SHAHID CONSTRUCTION
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701.13 ICT CREATIVE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701.14 BLACK APPARELS
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701.15 RETENTION MONEY KCW
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.16 SECURITY AGAINST VENDER REGIST.
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.20 ADVANCE INSURANCE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.21 CONSTRUCTION EXPENSES
1700 ADVANCES, DEPOSITS & PREPAYMENT:1701 ADVANCE TO ASSOCIATED CONCERN:1701.22 TENDER SECURITY CMH
1700 ADVANCES, DEPOSITS & PREPAYMENT:1702 ADVANCE INCOME TAX
1700 ADVANCES, DEPOSITS & PREPAYMENT:1702 ADVANCE INCOME TAX:1702.01 ADV. INCOME TAX BY BANK
1700 ADVANCES, DEPOSITS & PREPAYMENT:1702 ADVANCE INCOME TAX:1702.02 ADVANE INCOME TAX BY CUSTOMERS
1700 ADVANCES, DEPOSITS & PREPAYMENT:1702 ADVANCE INCOME TAX:1702.03 ADV. INCOME TAX ON IMPORT STAGE
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.01 WATEEN TEL. PO 18635
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.02 PROJECT COST KCW
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.03 Wateen-18165
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.04 UMT Project
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.05 Wateen-PO 18139
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.06 Wateen-HFC Project
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.07 Wateen- PO 18699
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.08 Wateen-PO 18833
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.09 AMJAD ZAFAR
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.10 TELES SUPPORT
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.11 MULTINET-MPPL006634
1700 ADVANCES, DEPOSITS & PREPAYMENT:1703 ADVANCE PROJECT COST:1703.12 WATEEN 19386
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.01 Umair Zubairi
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.02 MUHAMMAD NADEEM
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.03 Usman Qureshi
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.04 Mr. Ijaz Ahmed
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.05 Naeem Makhdoom
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.06 JAMIL AHMED
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.07 ALI SHAH
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.08 MUHAMMAD ZAHEER
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.09 NAZIR AHMED DUBAI
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.10 Faisal Rasheed
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704.11 Mr. SHAFAQAT
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.12 Mr. SAJID IQBAL
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.13 Mr. HAMID
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.16 Mr. QASIM NADEEM
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.17 Mr. AMIR
1700 ADVANCES, DEPOSITS & PREPAYMENT:1704 ADVANCE TO STAFF:1704.18 MUHAMMAD WALEED
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS:1706.01 Mr. WALEED
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS:1706.02 Mr. NAZIR AHMED
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS:1706.03 Mr. MUDDASIR MUNIR
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS:1706.04 Mr. FAKHAR MIRZA
1700 ADVANCES, DEPOSITS & PREPAYMENT:1706 ADVANCES TO PATNERS:1706.05 Mr. NAZIR AHMED (NETS BANK LOAN)
1700 ADVANCES, DEPOSITS & PREPAYMENT:1707 WATEEN TELEOCM ADV. INVOICES
1700 ADVANCES, DEPOSITS & PREPAYMENT:1707 WATEEN TELEOCM ADV. INVOICES:1707.01 WATEEN ADV. INV PO 18139
1700 ADVANCES, DEPOSITS & PREPAYMENT:1707 WATEEN TELEOCM ADV. INVOICES:1707.02 WATEEN ADV. INV PO 18165
1700 ADVANCES, DEPOSITS & PREPAYMENT:1707 ADVANCE PAYMENT INVOICES:1707.03 MULTINET MPPL006634
1700 ADVANCES, DEPOSITS & PREPAYMENT:1707 ADVANCE PAYMENT INVOICES:1707.04 WATEEN PO# 19833
1705 INPUT SALES TAX
1705 INPUT SALES TAX:1705.01 INPUT SALES TAX BY CUSTOMER
1705 INPUT SALES TAX:1705.02 SALES TAX WITH HELD
1500 FIXED ASSETS
1500 FIXED ASSETS:1501 LAND AND BUILDING
1500 FIXED ASSETS:1501 LAND AND BUILDING:1501.01 ACCUMULATED DEP. LAND & BUILD.
1500 FIXED ASSETS:1501 LAND AND BUILDING:1501.02 LAND & BUILDING (JOHAR TOWN)
1500 FIXED ASSETS:1501 LAND AND BUILDING:1501.03 ICT OFFICE NEW OFFICE
1500 FIXED ASSETS:1501 LAND AND BUILDING:1501.04 ICT BUILDING CONSTRUCTION A/C
1500 FIXED ASSETS:1502 FURNITURE & FIXTURES
1500 FIXED ASSETS:1502 FURNITURE & FIXTURES:1502.01 ACC. DEPRECIATION FUR. & FIX.
1500 FIXED ASSETS:1502 FURNITURE & FIXTURES:1502.02 FURNITURE INST. NEW OFFICE
1500 FIXED ASSETS:1503 PLANT & MACHINARY
1500 FIXED ASSETS:1503 PLANT & MACHINARY:1503.01 ACC. DEP. PLANT & MACINARY
1500 FIXED ASSETS:1504 COMUTERS & INSTALLATIONS
1500 FIXED ASSETS:1504 COMUTERS & INSTALLATIONS:1504.01 ACC. DEP. COMPUTERS & INS.
1500 FIXED ASSETS:1504 COMUTERS & INSTALLATIONS:1504.02 ELECTRIC INST. IN NEW OFFICE
1500 FIXED ASSETS:1504 COMUTERS & INSTALLATIONS:1504.03 COMPUTER/NETWORKING INSTALATION
1500 FIXED ASSETS:1505 OFFICE EQUIPMENT
1500 FIXED ASSETS:1505 OFFICE EQUIPMENT:1505.01 ACC. DEP. OFFICE EQUIPMENT
1500 FIXED ASSETS:1506 VEHICLE ACCOUNT
1500 FIXED ASSETS:1506 VEHICLE ACCOUNT:1506.01 VEHICLE FOR OFFICE
1500 FIXED ASSETS:1507 MIS. ASSETS
1500 FIXED ASSETS:1508 GENERATOR
1500 FIXED ASSETS:1508.01 ACC. DEPRECIATION GENERATOR
1500 FIXED ASSETS:1509 AIR COND.
1600 ACCOUNTS PAYABLE
1900 ACCRUED & OTHER LIABILITIES
1900 ACCRUED & OTHER LIABILITIES:1901 ACCRUED SALARIES
1900 ACCRUED & OTHER LIABILITIES:1902 ACCRUED ELECTRICITY BILLS
1900 ACCRUED & OTHER LIABILITIES:1903 ACCRUED TELEPHONE BILLS
1900 ACCRUED & OTHER LIABILITIES:1904 ACCRUED SUI GAS BILLS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.01 INCOME TAX PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.02 BATA LTD
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.03 PAYABLE AGAINST PROJECTS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.04 NETS INTERNATIONAL PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.05 Mr. IHSAN PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.06 Mr. FAKHAR PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.07 ORIENT CARGO
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.08 GREENZ INTERNATIONAL
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.09 SALES TAX PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.10 Mr. WALEED PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.11 DHL PAKISTAN PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.12 Abdul Khaliq & Co Payable
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.13 IDS International Pakistan
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.14 AL-REHMAN ENTERPRSES
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.15 International Tech Exch (ITE)
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.16 Madiha Amir Payable
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.17 Qarshi Industries Pvt Limited
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.18 Kashif Travel
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.19 WORKMAN
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.20 WATER & SANITATION AGENCY, LDA
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.21 TELES INFORMATIONS TECH PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.22 XGIGA Payable
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.23 CITIZEN FURNITURE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.24 RANA CHICK HOUSE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.25 DAWN ADVERTISOR
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.26 IHSAN ELECTRONICS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.27 NEW PIONEER ELECTRONICS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.28 ARFEEN COMPUTERS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.29 PREMIER SOLUTIONS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.30 CREDIT CARDS BILL PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.31 NETWORK SOLUTIONS PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.32 POWERITE SYSTEMS PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.33 BUILDING RENT PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.34 SHAHID MEHMOOD CONSTRUCTOR
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.35 BANK LOAN NETS LAHORE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.36 FAW SAJJAD MOTORS
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.37 LOGICOM FZE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.38 O RING PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.39 SHARP SECURITY SERVICES
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.40 AHMED SHEHZAD PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.41 NETSOFT SOLUTIONS PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.42 CHAUDHRY SONS PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.43 LOAN PAYABLE UAE BANK
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.44 JAHANGIR AHMED SB PAYABLES
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.45 SOHAIB BILAL PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.47 Mr. USMAN PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.48 Mr. FAISAL PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.50 PREMIER CABLES
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.51 UMT PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.52 MOBILE RECOVERY PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.53 RECREATION CLUB
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.54 MOBILE BILLS PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.55 ICT INTEGRATORS LLC DUBAI
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.56 UAE BANK LOAN MR. WALEED
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.57 SAJID IQBAL PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.59 TEMPORARY PAYABLES
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.60 MARKUP PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.62 WEB CONCEPTS (Pvt) Ltd
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.63 MULTINET PAYABLE (ADVANCE PAY)
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.65 RETENTION MONEY PAYABLE
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.67 ACME TECHNOLOGY
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.68 SALES TAX PAYABLE TO FBR
1900 ACCRUED & OTHER LIABILITIES:1905 OTHER PAYABLE:1905.69 PAYABLE TO WATEEN TELECOM
1906 INCOME TAX PAYABLE
1906 INCOME TAX PAYABLE:1906.01 INCOME TAX ON SALARIES
1906 INCOME TAX PAYABLE:1906.02 INCOME TAX ON VENDERS
2200 NOT INCLUDED
1110 RETAINED EARNING
3000 CAPITAL ACCOUNT:3000.01 Mr. MUBASHAR CAPITAL
3000 CAPITAL ACCOUNT:3000.02 MUHAMMAD WALEED
3000 CAPITAL ACCOUNT:3000.03 NAZIR AHMED
3000 CAPITAL ACCOUNT:3000.04 FAKHAR MIRZA
3000 CAPITAL ACCOUNT:3000.05 MUDDASIR MUNIR
2000 INCOME ACCOUNT
2000 INCOME ACCOUNT:2001 PROJECTS INCOME
2000 INCOME ACCOUNT:2002 SALES INCOME
2000 INCOME ACCOUNT:2003 DISCOUNT RECEIVED
2000 INCOME ACCOUNT:2004 MIS. INCOME
2000 INCOME ACCOUNT:2005 PRIOR-YEAR INCOME
2000 INCOME ACCOUNT:2006 EXCHANGE GAIN INCOME
4000 DIRECT COST/EXPENSES
4000 DIRECT COST/EXPENSES:3100 STOCK CONSUMED
4000 DIRECT COST/EXPENSES:4100 PROJECTS COST
4000 DIRECT COST/EXPENSES:5100 DIRECT EXPENSES
4000 DIRECT COST/EXPENSES:5200 DEMO & TESTING
5000 Cost of Goods Sold
5055 PAYROLL EXPENSES
5055 PAYROLL EXPENSES:5055.01 STAFF SALARIES ICT-INT
5055 PAYROLL EXPENSES:5055.02 STAFF SALARIES PARTNER
6000 ADMINISTRATIVE EXPENSES
6000 ADMINISTRATIVE EXPENSES:6001 STAFF SALARIES
6000 ADMINISTRATIVE EXPENSES:6002 ELECTRICITY CHARGES
6000 ADMINISTRATIVE EXPENSES:6003 TELEPHONE CHARGES
6000 ADMINISTRATIVE EXPENSES:6004 NEWSPAPER
6000 ADMINISTRATIVE EXPENSES:6005 ENTERTAINMENT
6000 ADMINISTRATIVE EXPENSES:6006 PRINTING & STATIONERY
6000 ADMINISTRATIVE EXPENSES:6007 REPAIR & MAINTENANCE OFFICE
6000 ADMINISTRATIVE EXPENSES:6008 VEHICLES RUNNING & MAINTENANCE
6000 ADMINISTRATIVE EXPENSES:6009 OFFICE RENT EXP.
6000 ADMINISTRATIVE EXPENSES:6010 SUI GAS BILLS
6000 ADMINISTRATIVE EXPENSES:6011 POSTAGE & COURIERS
6000 ADMINISTRATIVE EXPENSES:6012 STAFF WELFARE
6000 ADMINISTRATIVE EXPENSES:6013 LEGAL EXPENSES
6000 ADMINISTRATIVE EXPENSES:6014 CONVEYANCE ALLOWNCE
6000 ADMINISTRATIVE EXPENSES:6015 CROCKERY EXPENSES
6000 ADMINISTRATIVE EXPENSES:6016 DONATION & CHARITY
6000 ADMINISTRATIVE EXPENSES:6017 CLEANING EXPENSES
6000 ADMINISTRATIVE EXPENSES:6018 Mineral Water Expense
6000 ADMINISTRATIVE EXPENSES:6019 CREDIT CARD EXPENSE
6000 ADMINISTRATIVE EXPENSES:6020 LEGAL AND PROFESSIONAL CHARGES
6000 ADMINISTRATIVE EXPENSES:6021 INCENTIVE AND BENEFITS
6000 ADMINISTRATIVE EXPENSES:6022 INTERNEE'S STIPENED
6000 ADMINISTRATIVE EXPENSES:6023 MOBILE BILLS EXPENSES
6000 ADMINISTRATIVE EXPENSES:6024 MISCELLANEOUS EXPENSES
6000 ADMINISTRATIVE EXPENSES:6025 EID BONUS
6000 ADMINISTRATIVE EXPENSES:6026 EXCHANGE LOSS EXPENSE
6000 ADMINISTRATIVE EXPENSES:6027 MOBILE ALLOWNCE
6000 ADMINISTRATIVE EXPENSES:6028 DIRECTORS REMUNIRATION
6000 ADMINISTRATIVE EXPENSES:6029 MEDICAL RE-IMBERSEMENT
6000 ADMINISTRATIVE EXPENSES:6030 BANK CHARGES
6000 ADMINISTRATIVE EXPENSES:6031 PROVIDENT FUND
6000 ADMINISTRATIVE EXPENSES:6032 Water & Sewerage-Draining Bill
6000 ADMINISTRATIVE EXPENSES:6033 FINANCIAL EXPENSES
6000 ADMINISTRATIVE EXPENSES:6034 STAFF TRAINING & DEVLOP.
6000 ADMINISTRATIVE EXPENSES:6035 TOURS EXPENSES
6000 ADMINISTRATIVE EXPENSES:6036 PROFIT SHARE ACCOUNT
6000 ADMINISTRATIVE EXPENSES:6037 INCENTIVE ACCOUNT
6000 ADMINISTRATIVE EXPENSES:6038 Office Renovation
6000 ADMINISTRATIVE EXPENSES:6039 EMPLOYEES INSURANCE
6000 ADMINISTRATIVE EXPENSES:6040 MARK UP
6000 ADMINISTRATIVE EXPENSES:6041 TRAVELLING & CONVEYANCE
6000 ADMINISTRATIVE EXPENSES:6042 ICT WELFARE TRUST A/C
6000 ADMINISTRATIVE EXPENSES:6043 ICT TRAINING A/C
6000 ADMINISTRATIVE EXPENSES:6044 INSURANCE EXPENSE
6000 ADMINISTRATIVE EXPENSES:6045 FUEL EXPENSES
6000 ADMINISTRATIVE EXPENSES:6046 LEASING EQUIPMENTS RENT
6000 ADMINISTRATIVE EXPENSES:6047 OFFICE SECURITY EXPENSE
6000 ADMINISTRATIVE EXPENSES:6048 TELES TRAINING EXPENSE
6000 ADMINISTRATIVE EXPENSES:6049 PTCL TENDOR EXPENSE
6000 ADMINISTRATIVE EXPENSES:6050 PHOTOCOPY EXPENSES
6000 ADMINISTRATIVE EXPENSES:6052 INCOME TAX PAID
6000 ADMINISTRATIVE EXPENSES:6055 CONSULTANCY ACCOUNT
6000 ADMINISTRATIVE EXPENSES:6058 OVERTIME EXPENSES
6000 ADMINISTRATIVE EXPENSES:6059 GENERATOR EXPENSES
6000 ADMINISTRATIVE EXPENSES:6060 DEPRECIATION
6000 ADMINISTRATIVE EXPENSES:6063 RELOCATION CHARGES
6000 ADMINISTRATIVE EXPENSES:6064 REGISTRATION EXPENSES
6000 ADMINISTRATIVE EXPENSES:6067 DHL CHARGES
6000 ADMINISTRATIVE EXPENSES:6607 INTERNET EXPENSES
6000 ADMINISTRATIVE EXPENSES:6608 TEACHER'S SALARY
6000 ADMINISTRATIVE EXPENSES:6609 SEMINAR EXPENSES
6000 ADMINISTRATIVE EXPENSES:6610 FUEL ALLOWNCE
6000 ADMINISTRATIVE EXPENSES:6812 OFFICE RENOVATION EXPENSES
6000 ADMINISTRATIVE EXPENSES:6870 CAR ALLOWNCE
6000 ADMINISTRATIVE EXPENSES:6871 SALES TAX EXPENSES
6000 ADMINISTRATIVE EXPENSES:6872 PROPERTY EXPENSES
6000 ADMINISTRATIVE EXPENSES:6873 TRAVELLING & CONVEYANCES
6000 ADMINISTRATIVE EXPENSES:6879 COMPUTER R/M
6000 ADMINISTRATIVE EXPENSES:6880 PROFESSIONAL FEE
6000 ADMINISTRATIVE EXPENSES:6881 TRAINING EXPENSES
Stock depletion
6000 ADMINISTRATIVE EXPENSES:7000 SELLING & MARKETING EXPENSES
6000 ADMINISTRATIVE EXPENSES:7001 ADVERTISEMENT
6000 ADMINISTRATIVE EXPENSES:7002 BUSINESS DEVELOPMENT
6000 ADMINISTRATIVE EXPENSES:7003 MARKETING EXPENSES
6000 ADMINISTRATIVE EXPENSES:7004 TENDER EXPENSES
6000 ADMINISTRATIVE EXPENSES:7005 COMMISSION
6000 ADMINISTRATIVE EXPENSES:7006 OFF. EQUIPMENT R/M
6000 ADMINISTRATIVE EXPENSES:7008 OFFICE RENNOVATION JOHER TOWN
6000 ADMINISTRATIVE EXPENSES:7009 EXCHANGE RATE DIFFERENCE
6560 SALARIES & WAGES EXPENSE
7009 BAD DEBTS
6874 DISCOUNT ALLOWED
7007 PRIOR-YEAR ADJUSTMENT
9000 SUSPENSE
7010 INTEREST INCOME
7030 OTHER INCOME
No accnt
TOTAL
Prior years' adjustment

50,214
100,778
768
7,859
3,663,196
3,268,776
27,058
199,435
16,500
3,262,862
274,000
900
20,000
23,165
86,699
2,278,570
69,703
250,470
6,456
-

30/Jun/13
2,464
2,291,712
768
124,474
2,887,919
5,179,630
27,058
199,435
4,500
101,000
4,238,165
93,000
274,000
900
1,598,436
20,000
(65,062)
1,240,286
209,195
1,115,300
69,703
250,470
6,456
-

30,000
31,727
-

30,000
94,227
1,000

15,000
787,935

1,394,640
1,544,201
1,681,169
1,407,140
1,131,382
9,145,010
12,836,030
490,421
394,728
1,728,055
556,800
202,500
(464,451)
(14,425)
(1,034,496)
(16,800)
(230,774)
(765,720)
(15,000)
(117,500)
(55,000)
(3,108,543)
(1,066,038)
52,890
(2,220,309)
(2,653,337)
(500,000)
(30,000)
(5,770)
(15,435)
13,406
420,827
(300,081)
(54,000)
(771,836)
(9,780)
(8,303,741)
(7,999,865)
(8,454,958)
(7,548,289)
(15,370,357)
(175,489)
9,173,812
1,245,731
1,396,717
81,492
10,605
29,643
13,300
4,400
7,000
408,540
63,298
6,843
10,765
2,281
160,806
5,030
115,835
8,000
13,900
40,500
185,000
12,000
78,247
342,262
5,200
15,000
394,517
(0)

775,674

1,394,640
1,645,737
1,646,027
1,407,140
298,593
3,357,411
9,145,010
12,511,115
242,300
(60,546)
363,158
50,300
388,191
2,125,936
(205,874)
870,000
(174,000)
250,000
(25,000)
(763,774)
(18,000)
(4,302,761)
(16,800)
(337,980)
(706,868)
(40,000)
(10,093)
(167,500)
(257,000)
(58,974)
(4,477,159)
32,890
(2,560,724)
(3,618,197)
(30,000)
(6,268)
13,406
420,827
(210,981)
(298,593)
(300,081)
(771,836)
(3,357,411)
(13,737)
(0.02)
(7,138,464)
(7,042,673)
(7,372,915)
(6,591,097)
(58,433,986)
(1,886,555)
44,018,914
3,755,245
3,387,369
13,608
147,950
26,820
38,245
36,631
79,635
260,000
621
17,839
21,600
4,400
117,500
108,500
143,925
67,042
4,000
112,000
63,044
48,383
280
1,294,980
5,330
143,232
99,136
12,500
15,000
145,212
533,500
7,745
4,166
61,080
199,435
632,241
10,515
6,000
7,700
53,940
(1,382,807)
(0)

30-Jun-12
579
5,864
768
4,280
17,481,265
7,794,660
27,058
398,870
1,467,028
300,000
65,000
5,000
1,454,038
60,000
374,000
302,500
6,400,000
900
-

(614)
473
141
-

30-Jun-11

########

########

0
0
0
21008.1
0
0
0
204000
0
0
0
0
0
0
0
0
0
4993065
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
1433
0
0
0
1281465
0
0
0
0
0
0
0
0
0
2629596
0
0
0
0
0
0
0
0
0
0
0
0

0
1824.9
84228

0
207
21398

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,509
7,831,527
39,703
4,678,414
796,310
966,942
-

1,113,631
266,365
2,134,333
1,594,060
1,602,012
1,400,640
298,593
(508,562)
9,145,010
148,000
242,300
363,158
216,430
484,525
1,510,300
20,000
850,000
63,910
250,000

1,894,640
1,394,640
1,394,640
1,594,640
850,000
-

215,000
(899,996)
-

(1,638,480)
(187,829)
(584,442)
31,478
(9,942)
(143,030)
-

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9272
0
0
-70000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-35000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(5,243,398)
-

0
-3899099
0

0
0
0

(44,465,599)
(315,500)
27,010,348
-

0
-18614195
0
0
998176
0
0
0
0
13946641
0
0
0

0
-3324055
-50000
0
-3302088
0
0
0
0
2056929
0
0
0

(1,953,720)
(5,863,088)
(58,315)
(232,800)
(2,107,348)
(75,000)
(19,300)
(157,500)
(13,160)
(98,000)
(42,500)
(108,429)
(8,688,656)
1,396,753
(871,500)
(3,424,158)
(5,789,132)
(50,000)
(32,250)
(4,838)
(298,593)

(14,835)
13,243,117
(7,183,201)
(7,087,410)
(7,417,652)
(6,635,833)
(54,873,678)
(52,000)
(9,565)
(975,000)
(1,834,599)
(630,221)
36,403,392
16,639
3,877,271
279,255
-

9,509
7,831,527
39,703
4,678,414
796,310
966,942
-

0
0
0
21008.1
0
0
0
204000
0
0
0
0
0
0
0
0
0
4993065
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
1433
0
0
0
1281465
0
0
0
0
0
0
0
0
0
2629596
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
1824.9
84228

0
207
21398

0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0

1,894,640
1,394,640
1,394,640
1,594,640
-

0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0

850,000
-

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9272
0
0
-70000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-35000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

(1,638,480)
(187,829)
(584,442)
31,478
(9,942)
(143,030)
-

0
0
0
0
0
0
0
0
(5,243,398) -3899099
0
0
0
0
0
0
0
0
0
0
0
0
0
######### -1.9E+07 -3324055
0
-50000
0
0
(315,500)
998176 -3302088
0
0
0
0
0
0
0
0
######### 13946641 2056929
0
0
0
0
0
0
0
0
0
0
0
0
0
0
107,000
985413
0
56993
0
19355
0
1140
0
1,816
42485
0
2,450
0
0
5507
0
42,650
8216
0
0
0
41
0
2,100
1681
0
0
0
67,500
35000
35000
0
0
0
0
3,800
0
0
0
0
0
0
0
0
24,500
0
0
75,000
0
0
0
0
0
0
5,874
320622
0
31,871
15384
0
0
0
18969
0
0
0
81,449
7188
0
4,496
300
300
0
0
0
0
0
0
0
0
10997
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30
4169
0
348,224
0
0
0
0
0
0
34768
0
0
0
0
0
3,650
500
0
0
0
19140
0
0
0
0
0
43110
0
216856
0
4490
0
253,287
0
0
0
0
0
0
12584
0
53,680
0
0
7,040
0
0

100,492
6,956
217,366
63,243
97,500
5,090
39,170
945
580,798
16,040
(89,102)
18,688
30,000
157,418
37,206.65
53,987
269,324
257,666
9,800
40,456
4,000
80
348
521,735
38,500
378,194
18,147
44,500
8,900
136,464

107,000
1,816
2,450
42,650
2,100
67,500
3,800
24,500
75,000
5,874
31,871
81,449
4,496
30
348,224
3,650
253,287
53,680
7,040

0
985413
56993
19355
1140
42485
0
5507
8216
0
41
1681
0
35000
0
0
0
0
0
0
0
0
0
0
320622
15384
0
18969
0
7188
300
0
0
0
0
10997
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4169
0
0
0
34768
0
0
500
0
19140
0
0
43110
216856
4490
0
0
0
12584
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
35000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12,360
334,920
54,816
-

195,571
1,000
-

0
0
438221
0
1100
0
20850

0
0
689815
0
0
0
0

195,571
1,000
-

0
0
438221
0
1100
0
20850

425,000
2,357,442
-

0
0
0
0
0
0
0
0

0
0
0
0
0
0
-5000
0

425,000

2,357,442
-

0
0
0
0
0
0

0
0
0
0
-5000
0

(816)
1,238,673
(99,897)
-130,368.30

0
0
689815
0
0
0
0

ICT INTEGRATORS
BALANCE SHEET
As At November, 2013
Non-current assets
Property, plant and equipment
Current assets
Stock and spares
Trade receivables
Short term loan and advances
Short term deposits and prepayments
Other receivables
Cash and bank balances

25,353,544

25,028,630

19,400,071

3
4
5

3,495,269
3,663,196
11,583,912
2,728,607
159,618
21,630,603

5,406,123
6,543,923
11,518,465
3,247,909
2,419,418
29,135,837

8,220,588
17,779,858
11,335,507
804,000
11,490
38,151,444

46,984,147

54,164,467

57,551,514

Share capital & reserves

Share capital & reserves

34,021,975

32,306,853

28,145,148

Non-current liabilities
Current liabilities
Trade and other payables

12,962,172

21,857,614

29,406,366

46,984,147

54,164,467

57,551,514

(0)
Lahore:
Dated: September 14, 2012

Parnter

Parnter
Parnter

(0.02)

ICT INTEGRATORS
INCOME STATEMENT
For The Year Ended November, 2013
Note

Projects Income
Projects cost

Gross profit

November 30, 2013

Rs.

June 30, 2013

Rs.

June 30, 2012

Rs.

15,370,357
9,173,812
6,196,545

58,433,986
44,218,349
14,215,637

54,925,678
36,420,031
18,505,646

General and administrative expenses

Other operating expenses
Profit from operating activities

4,493,825
1,702,720

10,541,667
3,673,970

6,905,948
11,599,699

Finance cost

10

163,087
1,539,633

1,343,363
2,330,607

306,531
11,293,168

Other income
Profit before taxation

175,489
1,715,122

1,832,615
4,163,222

3,531,409
14,824,577

Taxation
Profit after taxation

1,715,122

1,384,324
2,778,897

521,735.33
14,302,842

1,382,807

(1,238,673)

4,161,704

13,064,169

Prior year's adjustment

Profit after tax

Lahore:
Dated: September 14, 2012

1,715,122

Parnter

Parnter

ICT INTEGRATORS
DETAIL TO THE NOTES TO THE ACCOUNTS
Sr.
No.

Description

30-Nov-13
Rs.

Note No. 3 Trade Receivables

1
2
3
4
5

Inbox Business Technologies

DWP Technologies
3D Networks
Wateen Solutions
Wateen Telecom
TOTAL

129,870
37,440
48,600
999,000
2,448,286
3,663,196

Note No. 4 Short term loans and advances

1
2
3
4

Executives
Nazir Ahmad Dubai
Muhammad Waleed
Muddasir Munir
Muhammad Fakhar Mirza
Total

1,550,657
2,182,575
1,681,169
1,407,140
6,821,541

NETS BANK LOAN PAYABLE

5

1
2
3

1
2
3
4
5

Nazir Ahmad (NETS BANK LOAN)

Total
Other employees
Mr. Shafaqat Sardar
Mr. Sajid Iqbal
Mr. Amir
Associated concern
NETS-Training -against running account
ICT Trainings
ICT Sourcing
ICT Creative

TOTAL

1,131,382
1,131,382
30,000
31,727
15,000
76,727
16,500
3,262,862
274,000
900
3,554,262
11,583,912

Note No. 5 Short term deposits and prepayments

1
2
3
4

Security deposits
Advance Insurance
Lahore college for women univeristy
Amjad Zafar
Teles Support
Retention money

23,165
20,000
69,703
250,470
363,338

1
2

Prepaid expenses
Advance Project Cost
Advance Income Tax

2,278,570
86,699
2,365,269
TOTAL

2,728,607

Note No. 6 Cash and bank balances

Cash at banks
Summit Bank Limited
Allied Bank Limited
Standard Chartered Bank (Dubai)
Cash in hand
Cash in hand head office

100,778
7,859
768
109,404
50,214

TOTAL

159,618

Note No. 8 Trade and other payables

1
2
3
4

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
1
2
3

Creditors
Mr. Ehsan payable
Greenz International
O Ring payable
Netsoft Solutions
Accrued liabilities
Salaries
Other payables
Sui Gas bills
Income tax payable
Recreation Payable
Payable against projects
Mr. Fakhar payable
Sales tax payable
Mr. Waleed payable
DHL courier
Abdul Khaliq & co.
IDS International Pakistan
Al Rehman enterprises
International Tech Exchange (ITE)
Mobile Recovery Payable
ICT LLC
UAE Bank Loan
Retention Money Payable
ACME Technologies
Sohaib Bilal
Choudhary Sons payable
Mr. Usman payable
Sales Tax FBR
Short term loans
Loan account NETS-Training Lahore
Ahmad Shahzad Saleem
UAE Bank
Other payables

1,034,496
230,774
1,066,038
-

464,451
14,425
9,780
15,435
16,800
765,720
15,000
117,500
55,000
5,770
(13,406)
(420,827)
300,081
54,000
500,000
30,000
771,836
3,108,543
(52,890)
2,220,309

Jahangir Ahmad against profit sharing

TOTAL

2,653,337
12,962,172

It will be paid directly to bank by Mr. Nazir Ahmed

Share capital & reserves

Muhammad Waleed
Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

Muhammad Fakhar ul Zaman Mirza

Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

Muhammad Muddassar Munir

Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

Nazir Ahmad Kashmiri

Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

November 30, 2013

Rs.
8,303,741
480,234
0
0
8,783,975

June 30, 2013

Rs.
7,138,464
1,165,277
0
0
8,303,742

June 30, 2012

Rs.
4,729,680
3,266,042
590,025
(1,447,283)
7,138,464

8,454,958
445,932
0
0
8,900,890

7,372,914
1,082,043
0
0
8,454,958

4,729,680
3,266,042
824,475
(1,447,283)
7,372,914

7,548,289
394,478
0
0
7,942,767

6,591,096
957,192
0
0
7,548,288

4,729,680
3,266,042
42,657
(1,447,283)
6,591,096

7,999,865
394,478
0
0
8,394,343

7,042,673
957,192
0
0
7,999,865

4,729,680
3,266,042
494,234
(1,447,283)
7,042,673

34,021,975

32,306,853

28,145,148

1,715,122
Mr. Waleed

28%

480,234.26

Mr. Fakhar

26%

445,931.81

Mr. Muddasir

23%

394,478.14

Mr. Nazir

23%

394,478.14

Nets Bank Loan Details

Sr. No.
1
2
3
4

Amount

Particulars
Mr. Waleed
Mr. Muddasir
ICT Integrators
Mr. Nazir Ahmed (1131384+652307)

304,029
871,386
149,437
1,783,691

Total Bank Loan Payable

3,108,543

Cost
Particulars

As at
July 01,
2011

Additions/
(Deletion)

Depreciation
As at
As at
Rate
July 01,
June 30, 2012 %
2011

Land

9,145,010

9,145,010

Furniture & fixture

605,458

605,458

Office equipment

2,058,735

Electric installations

Generator

Provided
for the
year

As at
June 30,
2012

Written
down value
as at June
30, 2012

10

60,546

60,546

544,912

2,058,735

10

205,874

205,874

1,852,862

431,430

431,430

10

43,143

43,143

388,287

250,000

250,000

10

25,000

25,000

225,000

Vehicles

870,000

870,000

20

174,000

174,000

696,000

Capital W.I.P

6,548,000

6,548,000

Jun-12

19,908,633

19,908,633
-

Cost
Particulars

Land

As at
July 01,
2012
9,145,010

Building
Furniture & fixture
Office equipment

605,458

Additions/
(Deletion)
12,511,115
-

508,562

508,562

Depreciation
As at
As at
Rate
July 01,
June 30, 2013 %
2012

Provided
for the
year

As at
June 30,
2013

9,145,010

6,548,000
19,400,071

Written
down value
as at June
30, 2013

9,145,010

9,145,010

12,511,115

12,511,115

605,458

10

60,546

54,491

115,037

490,421

544,912

2,058,735

67,200

2,125,935

10

205,874

192,006

397,880

1,728,055

1,920,062

Electric installations

431,430

50,300

481,730

10

43,143

43,859

87,002

394,728

438,587

Generator

250,000

250,000

10

25,000

22,500

47,500

202,500

225,000

Vehicles

870,000

870,000

20

174,000

139,200

313,200

556,800

696,000

Capital W.I.P

6,548,000

Jun-13
Jun-12

19,908,633
388191
43,239

5,963,115
(12,511,115)
6,080,615
19,908,633

25,989,248
19,908,633

508,562
-

452,056
508,562

960,618
508,562

25,028,630
19,400,071

ICT INTEGRATORS
DETAIL TO THE NOTES TO THE ACCOUNTS
Sr.
No.

30-Jun-13
Rs.

Description

30-Jun-12
Rs.

30-Jun-11
Rs.

30-Jun-10
Rs.

30-Jun-09
Rs.

Note No. 3 Trade Receivables

1
2
3
4
5
6
7
8

ABL Limited
Apollo Telecom
Bata Ltd
ITE (International Technology Exchanger)
Multinet
NS
PREMIER SOLUTIONS
Wateen Telecom
TOTAL

2,298,494
866,926
16,000
107,898
794,479
217,679
14,226,658
18,528,134

988,221
1,170,941
9,900,651
12,059,813

587,512
949,851
1,170,941
5,123,223
7,831,527

204,000
204,000

1,281,465
1,281,465

Note No. 4 Short term loans and advances

1
2
3
4

Executives
Nazir Ahmad Dubai
Muhammad Waleed
Muddasir Munir
Muhammad Fakhar Mirza

1
2
3

Other employees
Muhammad Nadeem
Jamil Ahmad
Faisal Rasheed against assets sale

1
2
3
4
5

Associated concern
NETS-Training -against running account
NETS-Training -against land
National Engineers
NETS International LLC
ICT Trainings

1,652,193
1,394,640
1,646,027
1,407,140
6,099,999

TOTAL

2,707,691
2,134,333
1,602,012
1,400,640
7,844,676

1,394,640
1,894,640
1,394,640
1,594,640
6,278,560

9,149,510
(9,145,010)
4,238,165
4,242,665

1,467,028
1,454,038
2,921,066

4,678,414
796,310
966,942
6,441,666

4,993,065
4,993,065

2,629,596
2,629,596

10,342,664

10,765,742

12,720,226

4,993,065

2,629,596

Note No. 5 Short term deposits and prepayments

1
2
3
4

Security deposits
Office building
Qarshi Water
Lahore college for women univeristy
Kinnard College
Retention money

Prepaid expenses
Building rent

TOTAL

93,000
93,000
(3,618,197)
(3,525,197)

300,000
5,000
60,000
374,000
739,000
(5,789,132)
65,000
65,000
(4,985,132)

9,509
9,509

21,008
21,008

1,433
1,433

9,509

21,008

1,433

Note No. 6 Cash and bank balances

Cash at banks
Summit Bank Limited
Allied Bank Limited
Standard Chartered Bank (Dubai)

2,291,712
124,474
768
2,416,954

5,864
4,280
768
10,911

Cash in hand
Cash in hand head office

2,464

579

TOTAL

2,419,418

11,490

ICT INTEGRATORS
DETAIL TO THE NOTES TO THE ACCOUNTS
Sr.
No.

30-Jun-13
Rs.

Description

30-Jun-12
Rs.

30-Jun-11
Rs.

30-Jun-10
Rs.

30-Jun-09
Rs.

3 Trade
NoteNote
No. No.
8 Trade
andReceivables
other payables
1
2
3
4

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Creditors
Mr. Ehsan payable
Greenz International
O Ring payable
Netsoft Solutions
Accrued liabilities
Salaries
Telephone bills
Sui Gas bills
Income tax payable
Bata Limited
Payable against projects
Mr. Fakhar payable
Sales tax payable
Mr. Waleed payable
DHL courier
Abdul Khaliq & co.
IDS International Pakistan
Al Rehman enterprises
International Tech Exchange (ITE)
Madiha Amir
Qarshi Industries
Kashif Travels
Premier solution
Credit card bill
Faw Sajjad Motors
Choudhary Sons payable
Mr. Usman payable
Mr. Faisal payable

1
2
3

Short term loans

Loan account NETS-Training Lahore
Ahmad Shahzad Saleem
UAE Bank

Other payables
Jahangir Ahmad against profit sharing
TOTAL

4,302,761
337,980
4,640,741

5,863,088
232,800
(1,396,753)
4,699,135

187,829
584,442
772,271

763,774
18,000
16,800
706,868
40,000
10,093
167,500
257,000
58,974
30,000
2,069,009

899,996
1,953,720
58,315
2,107,348
75,000
19,300
157,500
13,160
98,000
42,500
108,429
50,000
5,533,269

1,638,480
(31,478)
9,942
143,030
1,759,974

(9,272)
70,000
60,728

35,000
35,000

4,477,159
(32,890)
2,560,724
7,004,993

8,688,656
871,500
3,424,158
12,984,314

5,789,131

4,805,678

3,405,370

928,322

697,949

19,503,873

28,022,395

5,937,614

989,050

732,949

ICT INTEGRATORS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2013
1-

STATUS AND NATURE OF BUSINESS

ICT Integrators, was registered under Partnership Act 1932, in the office of City Districit Government Lahore
on February 03, 2007. The principal business activities of the firm comprises of import of telecommunication
related goods, services, contract and other IT related business activities. Firm is registered with Federal Board
of Revenue with N.T.N number 283867-6 and General Sales Tax number 03-03-999-653-46

Property, plant and equipment

June 30, 2013

Rs.
3

June 30, 2012

Rs.

Trade receivables
Considered good

6,543,923

17,779,858

6,875,673
125,227

8,111,041
-

Trade debtors are secured against contracts.

4

Short term loan and advances

Executives (Partners)
Other employees

Associated concerns

11,518,465

11,335,507

214,000
1,598,436
1,435,473
-

739,000
65,000

3,247,909

804,000

2,416,186
768
2,416,954

10,144
768
10,911

2,464

579

2,419,418

11,490

Cash and bank balances

At banks: Current accounts
Local currency
Foreign currency

Cash in hand

June 30, 2012

Rs.
3,224,466

Short term deposits and prepayments

Security deposits
Retention money
Advance project cost
Prepaid expenses

June 30, 2013

Rs.
4,517,565

Share capital & reserves

Muhammad Waleed
Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

Muhammad Fakhar ul Zaman Mirza

Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

Muhammad Muddassar Munir

Opening balance
Add: Profit during the period

7,138,464
1,165,277
0
0
8,303,742

4,729,680
3,266,042
590,025
(1,447,283)
7,138,464

7,372,914
1,082,043
0
0
8,454,958

4,729,680
3,266,042
824,475
(1,447,283)
7,372,914

6,591,096
957,192

4,729,680
3,266,042

Adjustment during the year

Less: Drawings during the period

Nazir Ahmad Kashmiri

Opening balance
Add: Profit during the period
Adjustment during the year
Less: Drawings during the period

June 30, 2012

Rs.
42,657
(1,447,283)
6,591,096

7,042,673
957,192
0
0
7,999,865

4,729,680
3,266,042
494,234
(1,447,283)
7,042,673

32,306,853

28,145,148

7,998,152
2,150,618
7,004,993
13,737
771,836
300,081
3,618,197

4,699,135
5,918,950
12,984,314
14,835
5,789,132

21,857,614

29,406,366

Trade and other payables

Creditors
Accrued liabilities
Short term loans
Income tax payable
Sales tax payable
Retention money
Jahangir ahmad (Agaisnt profit)

June 30, 2013

Rs.
0
0
7,548,288

Operating expenses
Salaries, wages and benefits
Repair and maintenance
Rent and taxes
Communication
Insurance
Training
Vehicles fuel and maintenance
Legal and professional charges
Printing and stationery
Entertainment
Donation
Depreciation
Travelling and conveyance
Business development
Other expenses

7,318,158
58,076
260,000
418,976
143,232
61,080
178,771
143,266
38,245
26,820
4,400
452,056
538,830
642,756
95,930

4,894,742
226,266
97,500
69,277
63,787
136,464
103,699
77,670
7,304
101,437
508,562
302,166
402,096
(85,022)

10,541,667

6,905,948

June 30, 2013

Rs.
10

June 30, 2012

Rs.

Finance cost
Mark up on short term borrowings
Bank charges

1,294,980
48,383

269,324
37,207

1,343,363

306,531

CT INTEGRATORS

THE FINANCIAL STATEMENTS

E YEAR ENDED JUNE 30, 2013

Partnership Act 1932, in the office of City Districit Government Lahore

usiness activities of the firm comprises of import of telecommunication
her IT related business activities. Firm is registered with Federal Board
-6 and General Sales Tax number 03-03-999-653-46

Reference to our discussion on financial of ICT Integrator, kindly make adjustment as per below:-15% stock redemption per year against inventory.

-Also please adjust profit as per 2010-2011 retain earning as equity to initial partners which is four partners (MW/MM/NK/F
-And also create profit payable to JA for the period of 01SEP2011 to 31MAY2012.
Regards,
Nazir Ahmed

tment as per below:partners which is four partners (MW/MM/NK/FK).

18%

52500