POWERADE LOGISTICS AND FREIGHT FORWARDER, INC.

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED DECEMBER 31, 2016

2016

SALES ###
COST OF SALES ###

GROSS INCOME 305,361

GENERAL AND ADMINISTRATIVE EXPE (261,370)

NET INCOME BEFORE INCOME TAX 43,991

INCOME TAX EXPENSE (13,197)

NET INCOME FOR THE YEAR 30,794

(See accompanying Notes to Financial Statements.)

POWERADE LOGISTICS AND FREIGHT FORWARDER, INC.

STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2016

2016

ASSETS

Current Assets
Cash 720,091
Trade and other receivables ###
Other Current assets 419,211
Total Current Assets ###

Noncurrent Assets
Property and equipment -
 ###

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Trade and Other Payables ###
Other Current Liabilities ###

Noncurrent Liabilities
Advances from Others 600,000
Total Current Liabilities ###

Shareholders' Equity
Ordinary shares ###
Retained Earnings 30,794
Total Shareholders' Equity ###

###
(See accompanying Notes to Financial Statements.)

POWERADE LOGISTICS AND FREIGHT FORWARDER, INC.

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2016

2016

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income Before Income Tax 43,991
Working Capital Changes - Increase/Decrease:
Trade and other receivables ###
Other Current assets (419,211)
Trade and other payables ###
Cash generated from operations ###
Income tax paid (13,197)
Net Cash Used by Operating Acti ###
CASH FLOWS FROM FINANCING ACTIVITIES
Paid up Capital ###
Advances from Others 600,000
Net Cash Provided by Financing ###

NET DECREASE IN CASH 720,091

CASH AT START OF YEAR -

CASH AT END OF YEAR 720,091

(See accompanying Notes to Financial Statements.)

POWERADE LOGISTICS AND FREIGHT FORWARDER, INC.

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2016

2016

ORDINARY SHARES - P 100 par value

Authorized - 500,000 shares

Subscribed Capital
Balance at Start of Year ###
Subscription receivable ###
###

RETAINED EARNINGS
Net Income for the Year 30,794
Balance at end of year 30,794

###
(See accompanying Notes to Financial Statements.)
13197.3
FINAL AS OF APRIL 2, 2017

TAKEN IN TRIAL NOT TAKEN

BALANCE AS OF DEC. 31, 2016

15,000.00

10,000.00

200,000.00

300,000.00
25,000.00

99,000.00

120,000.00

1,880,000.00

64,000.00

150,000.00

300,000.00
 80,000.00

FINAL AS OF APRIL 2, 2017 2,124,000.00 1,119,000.00 Not taken in Trial balance

this amount is taken
in the Trial Balance

3,243,000.00
- 2,124,000.00 taken
1,119,000.00 not taken