Hunza Explorer

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

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED JUNE 30, 2017

INCOME 2016
( Rupees)

Sales 1,682,000
Cost of sales 1,193,567
Gross Profit 488,433
OPERATING EXPENSES

Administrative Expenses 30,125

Selling & distribution expense 20,121
50,246
Profit for the year before Taxation 438,187
Less Provision for Taxation -
Net Profit after Taxation 438,187
Hunza Explorer
Cash flow statement
For the year ended 30 June 2017

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 -