AHMED TOYS (PVT.

) LIMITED
Balance Sheet
As on 31st December
Particulars

2007

2006

2005

90,000
35,000
16,000
200,000
76,000
54,000
93,000
564,000

88,000
32,000
14,000
70,000
40,000
4,000
29,000
277,000

88,000
5,000
10,000
25,000
nil
3,000
4,000
135,000

100,000
50,000
2566,000
nil
2716,000
3280,000

nil
40,000
2928,000
5,000
2973,000
3250,000

nil
40,000
3238,000
10,000
3288000
3423,000

nil
161,000
7,000
21,000
36,000
20,000
245,000

10,000
142,000
38,000
9,000
26,000
15,000
240,000

20,000
300,000
40,000
29,000
17,000
11,000
417,000

D. Non-Current Liabilities
Long Term Loans

1350,000

1450,000

1550,000

E. Total Liabilities (C+D)

1595,000

1690,000

1967,000

1250,000
161,000
274,000
1685,000

1250,000
125,000
185,000
1560,000

1250,000
96,000
110,000
1456,000

3280,000

3250,000

3423,000

ASSETS
A.

Current Assets

Stock & Stores

Advances & Deposits (including L/C Margin)
Prepaid Expenses
Account Receivables
Marketable securities
Cash in hand
Cash at bank
Total Current Assets (A)
B.

Non-Current Assets
Investment in Associated Company
Investment in Subsidiary Company

Tangible Fixed Assets (As per Annex 5)

Preliminary Expenses
Total Non-current Assets (B)
Total Assets (A+B)

LIABILITIES
C. Current Liabilities
Due to directors
Cash Credit
Expenses Accruals
Accounts Payable
Proposed Dividend
Tax Provision
Total Current Liabilities (C)

CAPITAL
F. Shareholders Equity
Share Capital
General Reserve
Retained Earnings
Total shareholders equity (F)
Total Liabilities & Shareholders Equity (E+F)

Note: Contingent liability of the company is Tk.9.00 lac and annual installment on long term loan is Tk.1.0 lac each year.

Page 1 of 4

AHMED TOYS (PVT.) LIMITED

Income Statement
For the year ended 31st December
Particulars
Net sales
Cost of Goods Sold (Annex 1)
Gross Profit (1- 2)
Operating Expenses:
Admn. & General ( Annex 2 )
Selling & Distribution (Annex 3)

1.
2.
3.
4.

5.
6.
7.
8.
9.
10.
11.
12.

2007
1325,000
1072,000
253,000

2006
1245,000
1032,000
213,000

2005
1132,000
965,000
167,000

42,000
16,000
58,000
195,000
14,000
181,000
20,000
161,000
185,000
346,000

39,000
16,000
55,000
158,000
13,000
145,000
15,000
130,000
110,000
240,000

25,000
15,000
40,000
127,000
13,000
114,000
11,000
103,000
47,000
150,000

36,000
36,000
72,000
274,000

29,000
26,000
55,000
185,000

23,000
17,000
40,000
110,000

2007
40,000
1072,000
1112,000
(40,000)
1072,000

2006
40,000
1032,000
1072,000
(40,000)
1032,000

2005
51,000
954,000
1005,000
(40,000)
965,000

2006
12,000
612,000
419,000
(11,000)
1032,000

2005
22,000
598,000
346,000
(12,000)
954,000

Operating profit (3 4)
Non-operating Expense (Annex 4)
Profit before tax (5 - 6)
Provision for Taxation
Net profit after tax (7 - 8)
Add, Balance of profit b/f from previous year
Surplus Available for Appropriations (9+10)
Appropriations:
Transferred to General Reserve
Proposed Dividend

13. Balance of profit /Retained Earnings tr. to B/S (11 12)

Annex 1

Cost of Goods Sold

1.
2.
3.
4.
5.

Particulars
Opening Stock of Finished Goods
Cost of Goods Manufactured (Annex 1.1
Cost of Goods Available for Sales (1+2)
Closing Stock of Finished Goods
Cost of Goods Sold (1+2 3)

Annex 1.1

Cost of Goods Manufactured

1.
2.
3.
4.
5.

Particulars
Opening Stock of Work-in-process
Raw Materials Used (Annex 1.2)
Manufacturing Cost (Annex 1.3)
Closing Stock of Work-in-process
Cost of Production/Manufacturing Cost

2007
11,000
575,000
496,000
(10,000)
1072,000

Page 2 of 4

Annex 1.2

Cost of Materials Used

1.
2.
3.
4.
5.

Particulars
Opening Stock of Raw Materials
Add, Net Purchase of Raw Materials
Raw materials Available
Less, Closing Stock of raw Materials
Cost of Raw Materials Used

2007
37,000
578,000
615,000
40,000
575,000

2006
36,000
613,000
649,000
37,000
612,000

2005
36,000
598,000
634,000
36,000
598,000

2007
15,000
15,000
2,000
3,000
21,000
430,000
10,000
496,000

2006
13,000
15,000
2,000
3,000
20,000
356,000
10,000
419,000

2005
13,000
15,000
2,000
3,000
20,000
284,000
9,000
346,000

2006
12,000
3,000
2,000
2,000
2,000
1,000
2,000
2,000
2,000
6,000
5,000
39,000

2005
10,000
3,000
1,000
2,000
1,000
1,000
1,000
2,000
1,000
3,000
nil
25,000

Annex 1.3

Manufacturing Cost
Particulars
Wages, Bonus & Allowances
Power, Fuel & Gas
Godown Rent
Repairs & Maintenance
Excise Duty
Depreciation
Others manufacturing cost
Total

Annex 2

Administration and General Expenses

Particulars
1. Salaries & Allowances
2. Office Rent
3. Tel., Telex & Fax
4. Stationery
5. Travelling & Conveyance
6. Donation
7. Audit & Legal Fees
8. Bad Debts
9. Misc. Expenses
10. Depreciation
11. Preliminary Expense Write-off
Total

2007
13,000
4,000
2,000
2,000
3,000
1,000
1,000
2,000
3,000
6,000
5,000
42,000

Page 3 of 4

Annex 3

Selling and Distribution Expense

Particulars
Sales Commission
Sales Promotion Expenses
Advertisement
Travelling
Carriage Outwards
Total

2007
5,000
3,000
3,000
2,000
3,000
16,000

2006
5,000
3,000
3,000
2,000
3,000
16,000

2005
5,000
2,000
3,000
2,000
3,000
15,000

2006

2005

Annex 4

Non-operating Expenses: Financial

Particulars

2007

Bank Interest
Bank Charge & Commission
Total

10,000
4,000
14,000

10,000
3,000
13,000

10,000
3,000
13,000

Annex 5

Schedule of Fixed Assets

(Tk.000)
Items

st

W.D.V
Land
Factory Building
Plant & Machinery
Equipment
Furniture & Fixture

31 Dec., 2007
Addition

125
378
1838
161
64
2566

0
0
0
72
2
74

st

Acc.
Dep.
0
162
992
154
18
1326

W.D.V

31 Dec., 2006
Addition.

125
420
2198
117
68
2928

0
0
23
0
29
52

st

Acc.
Dep
0
120
632
126
12
890

31 Dec., 2005
W.D.V
Acc.
Dep.
125
0
460
80
2383
424
225
18
45
6
3238
528

Note: Cost of the Fixed Assets

= W.D.V + Accumulated Dep.
Written Down Value (W.D.V) = Cost Accumulated Depreciation.

Page 4 of 4