Dae la eee Redd icome statement expressed as % of YEAR, 2003 2004 Sales(net) 100.00) 100.00 cGS (114.80) 236.20) Gross loss (14.90) (135.20) (Operating expences. Distribution expences/selling expences 3.300 760) |Administartion expences/operating expences 6.20 24.60) [Operating (loss) 5.04] (168-40) Other operating incame (o20, 140) Finanace cost 0.23) 0.40] Loss before taxation (i5.00| 77.40) [Taxation ot 4.04) Loss after taxaton (i5.80)[ (81.40) Extraordinary items 0.00 85.40) (Loss)‘profit for the year (15.80) 4.04]Vertical analysis of the BALANCE SHEET Per eestor cert ee (YEAR 2005] 2004] EQUITY AND LIABLITIES SHARE CAPITAL AND RESERVES: authorized capital [2000000 ordinary shares of Rs. 10 each 2a] 38.2 [Issued Subscribed and paid up capital ISO00000 ordinary shares of Rs 10 each 2 286 Unappropriated profit 40.8 55.2 Surplug on revaluation of fixed assets 24.2 11.4] Long term loan q a NON CURRENT LIABILITIES Deferred liabilties ial 0.16 CURRENT LIABILITIES Short term loans-secured a q [Trade and other payables/creditors and accrued lia Tl a3 Provision for Taxation a3 0.28 Contigencies and commitments q q TOTAL EQUITY AND LIABILITY 100 “0 [ASSETS NON CURRENT ASSETS lixed asset s/property,plant and equipment 42.2 20.8 Long term investment 74 104 Long term deposits 0.08 0.07 o q CURRENT ASSETS o a stock in trade 23] a3 ltrade debte/debtors 8.08 31 Short term investment a.91 10.2] Loan and advances and trade deposits a q short term prepayments and other recievables 30.8 13.1 Cash and bank balance a3 o5 [TOTAL ASSETS. 100] 400]GEES Ra eee Sa (aus Ee IEQUITY AND LIABLITIES, | SHARE CAPITAL AND RESERVES | lauthorized capital | [12000000 ordinary shares of Rs.10 each ‘oof tao] 00] 00/00] 100) lssued,Subscribed and paid up capital | {S000000 ordinary shares of Rs. 10 each ‘oo io] 00 too] 00] 100) [Unappropriated profit qags|ias.i[tiss| 708 o6.4[ 100 [Surplus on revaluation of fixed assets 2or| 71.3] sof 90.2, 0.4100 lLong term loan d q a] 11010] 100 | INON CURRENT LIABILITIES | [Deferred liabilties 9657.6] 100] a a q a [CURRENT LIABILITIES [Short term loans-secured _ q 7100 [Trade and cther payables/creditors and accrued abi 63 g3i[ 100 [Provision for Taxation za7| 1059] 68.1) to7.s| 100 [Contigencies and comrritments q q ao q a TOTAL EQUITY AND LIABILITY Sis| ea] eal aial 00 I INON CURRENT ASSETS fixed assets/property plant and equipment 93.721, 84] 95.3710 lLong term investment soo] 1aof00[100| 00] 100) Long term deposits aaa 100] q a a Q [CURRENT ASSETS [stock in trade waa7| a7 a{a218|t12| 79.2100) rade debts/sebtors gio 2s87[ 23a) Tigi{io87| 100 [Short term investment sal 1g] 12.3] atal 52.9] 100] lLoan and ackances and trade deposits, short term lpayments and other recievables aa] S28 ais] 97-3100 [Cash and bank balance ar5| S78] 12146] 68] 39.7] 100] [TOTAL ASSETS eae] ea] e2.a] 679] 90.4] 100]cP RU OL ewe La] YEAR 2005 and 2004 | Dollar Change % Change _| Net sales 51 048,692.00 186.40 ces 25,280,476,00 33.20 Gross (Loss) (25 868,116.00) (68.80) Operating expenses. Distribiution Cost 505 888.00 24.40 [Administration Expences (12.311,222.00) (18.80) Other operating Expences (92,249.00) (39.77) Operating (Loss) (26 485,700.00) (67.40) Other operating Income (16 996,420.00) (67.80) Finiance Cost 78,623.00) 78.60 Loss} before taxation (G10 657.00) (44.40) [Taxation (474 891,00) (42.80) (Loss) after Taxation (9,885 548,00) (44.30) Extra ordinary heme (o)| (100.00) (Loss) for the year 11306,207.00 [1922.60YEAR 2005 and 2004 EQUITY AND LIABLITIES. Dollar Change NALYSIS OF BALANCE SHEET de ISHARE CAPITAL AND RESERVES authorized capital 12000000 ordinary shares of Rs.10 each Issued, Subscribed and paid up capital [000000 ordinary shares of Rs. 10 each 1,585 697.00 o.90) Unappropriated profit Surplus on revaluation of fixed assets 68,102 ,)61.00 190.40 Long term loan s NON CURRENT LIABILITIES Deferred liabilties 49.967 426.00 | 9,557.60 CURRENT LIABILITIES Short term loans-secured = Trade and other payables/ereditors and laccrued liabilities (6,489, 298.00) (37.70) Provision for Taxation 403,529.00 45.10 Contigencies and commitments z z TOTAL EQUITY AND LIABILITY 114, 165,667.00 26.30 ASSETS NON CURRENT ASSETS fixed assets/property plant and equipment | 115,341 941.00 176.00 Long term investment = = Long term deposits (25,000.00) (7.00) CURRENT ASSETS Istock in trade (17,129,839.00) (@1.00) ltrade debte/debiors 24,686 881,00 262.00 [Short term investment 6,080 245.00 18.70) Loan and advances,trade deposits shor term lprepayments and other recievables 69,444 607,00 716.40 [Cash and bank balance (715,250.00) 35.00) [TOTAL ASSETS “114,165 667.00 36.30