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BALANCE SHEET
AS ON JUNE 30, 2017
2017
CAPITAL AND LIABILITIES (Rupees)
Capital
Paid up 1,150,246
Accumulated Profit 438,187
1,588,433
CURRENT LIABILITIES
Payable to Airlines -
Accrued -
Short term debt -
-
Total Liabilities & Owner's Equity 1,588,433
PROPERTY AND ASSETS
Fixed Assets
At costless accumulated depreciation 1,470,892
CURRENT ASSETS
Trade Debtors -
Advances and Securities -
Cash and Bank Balances 117,541
117,541
1,588,433
Hunza Explorer
INCOME 2016
( Rupees)
Sales 1,682,000
Cost of sales 1,193,567
Gross Profit 488,433
OPERATING EXPENSES
2017
Cash flow from operating activities (Rupees)
Net profit/(loss) before tax 438,187
Adjustments for :
Depreciation 20,000
-
20,000
Operating profit/(loss) before working capital changes 458,187
(Increase)/decrease in :
Trade debtors
Deposits and prepayments
-
Increase/(decrease) in current liabilities
-
Cash (used)/generated from operating activities 458,187
Income tax paid
Net cash (used)/generated from operating activities 458,187
Cash Flow from investing activities
Fixed capital expenditure
Drawings 458,187
Net cash (used) in investing activities 458,187
Net increase/(decrease) in cash and cash equivalents -
Cash & cash equivalent at the beginning of the year -
Cash & cash equivalent at the end of the year -