INCOME STATEMENT
Gross Profit
Operating Expenses
Stationary 600.00
Salaries 6,000.00
Audit Fees 1,000.00
Debenture Interest 4,000.00
Insurance 700.00
Director's Fees 1,800.00
Interest 1,000.00
NET PROFIT
WORKING:
1) SALARIES :
4,000 + 2,500 - 500 =
2) INSURANCE:
1,400 - 700 =
ENT
52,000.00
(15,100.00)
36,900.00
6,000.00
700.00
STATEMENT OF FINANCIAL POISTION
ASSETS
NON-CURRENT ASSETS
Building
Furniture
Plant
Preliminary Expense
TOTAL NON-CURRENT ASSETS
CURRENT ASSETS
Cash in Hand
Bank
Inventory
Accounts Receivable
Investment
Prepaid Insurance
Prepaid Salaries
TOTAL CURRENT ASSETS
TOTAL ASSETS
EQUITIES
OWNER'S EQUITY
Authorized Capital
Share Capital
Share Premium
Retained Earnings
General Reserve
Reserve for Contingencies
TOTAL OWNER'S EQUITY
LONG-TERM LIABILITIES
8% Debenture
TOTAL LONG-TERM LIABILITIES
CURRENT LIABILITIES
Sundry Creditors
Bank Overdraft
Accrued Fee
Accrued Interest
Accrued Salaries
Director's Fee
TOTAL CURRENT LIABILITIES
TOTAL EQUITIES
WORKING:
1) RESERVE FOR CONTINGENCIES:
20,000.00
5,000.00
25,000.00
2) GENERAL RESERVE:
15,000.00
2,000.00
17,000.00
3) RETAINED EARNING:
Profit 36,900.00
Reatined Earning 3,000.00
Reserves (7,000.00)
32,900.00
POISTION
70,000.00
4,000.00
50,000.00
2,000.00
126,000.00
1,000.00
16,000.00
64,000.00
36,000.00
3,000.00
700.00
500.00
121,200.00
247,200.00
500,000.00
100,000.00
5,000.00
32,900.00
17,000.00
25,000.00
179,900.00
50,000.00
50,000.00
8,000.00
3,000.00
1,000.00
2,000.00
2,500.00
800.00
17,300.00
247,200.00
ANWAR ALI COMPANY LIMITED
STATEMENT OF CASH FLOWS
AS ON YEAR ENDED 2017
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax
Adjustments for non-cash items
Depreciation of Building
Depriciation of Equipment
Loss on disposal of fixed assets
Gain on disposal of fixed assets
Net income after adjustments
Working Capital Changes:
Decrease in account receiveable
Decrease in merchandise inventory
Increase in accrued expense
Increase in prepaid insurance
Decrease in accounts payable
CASH GENERATED FROM OPERATING ACTIVITIES
CASH FLOW FROM INVESTING ACTIVITIES
Sale of land
Sale of equipment
Purchase of land
Purchase of equipment
CASH GENERATED FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
Issuance of share capital
Long term loan
CASH GENERATED FROM FINANCING ACTIVITIES
NET CASH GENERATED
ADD: CASH AND CASH EQUIVALENTS AT START OF THE YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
WORKING:
1) PROFIT
Retained Earning (10,000.00)
Retained Earning (10,000.00)
(20,000.00)
(Because Reatained earning has a debit balance)
2) LOSS ON DISPOSAL ( EQUIPMENT)
Cost of equipment sold 10,000.00
less:Prov. For depriciation (5,000.00)
NBV 5,000.00
Sold at 2,000.00
Gain on sale of equipment 3,000.00
3) PURCHASE OF EQUIPMENT
Cost of machinery at start (10,000.00)
Cost of machinery at end 18,000.00
Sold at 10,000.00
18,000.00
ANY LIMITED
ASH FLOWS
DED 2017
CTIVITIES
(20,000.00)
3,000.00
3,000.00
3,000.00
(5,000.00)
(16,000.00)
10,000.00
35,000.00
3,000.00
(4,000.00)
(14,000.00)
ACTIVITIES 14,000.00
TIVITIES
15,000.00
2,000.00
(75,000.00)
(18,000.00)
ACTIVITIES (76,000.00)
TIVITIES
50,000.00
20,000.00
ACTIVITIES 70,000.00
8,000.00
ART OF THE YEAR 4,000.00
ND OF YEAR 12,000.00
s a debit balance)
