Ex-05 Name of the Company: Gigabyte Company Ltd

Statements of Profit or Loss and Others Comprehensive income

For the year ended 31st December, 2010
Particulars Taka Taka Taka
Sales 80,000.00
Less: Sales Return (500.00) 79,500.00

Less: Cost of Goods Sold

Opening Inventory 15,500.00
Add: Purchase 40,000.00
Less: Purchase Return (1,200.00)
38,800.00
Less: Destroy by Fire (4,000.00)
34,800.00
50,300.00
Add;Wages 60,000.00
110,300.00
Less: Closing Inventory 99,000.00
Less: Destroy by Fire (4,000.00) 95,000.00
15,300.00
Gross Profit 64,200.00

Less : Operating Exp

Salaries Exp 23,600.00
Depreciation -Plant & Machinery@10% 2,000.00
Depreciation - New Plant & Machinery@10% 250.00 2,250.00
Depreciation - Land & Building 1,000.00
Write Off :
Preliminary 250.00
Advertisement 2,800.00
Goodwill 1,000.00
4,050.00
Drawing office Supplies 2,500.00
Compensation for late delivery of Goods 700.00
Rates and Insurance Exp 2,400.00
Abnormal Loss 4,000.00
Bad debts Exp 500.00
Total Operating Exp 41,000.00
Total Operating Profit 23,200.00
Non-Operating Exp
Interest on Debenture 2,500.00
Net Profit 20,700.00
Others Comprehensive Income -
Total Comprehensive Income 20,700.00
Profit Attributed to:
Dividend Payable 5,000.00
Retained Profit 15,700.00
Add: Last year Income 15,500.00
Un-Appropriated profit 31,200.00
 Name of the Company: Gigabyte Company Ltd
Statements of Financial Position
As at 31st December, 2010

Particulars Taka Taka Taka

Assets:
Non-Current Assets
Land and Building 10,000.00
Acc.dep-Land and Building (1,000.00) 9,000.00
Plant and Machinery 25,000.00
Acc.dep-plant and Machinery (2,250.00) 22,750.00
Furniture and Fixture 1,200.00
Total Non-Current Assets 32,950.00
Fictitious Assets:
Preliminary Exp 4,750.00
Intangible Assets:
Goodwill 9,000.00
Investment:
Investment 8,000.00
Prepaid Advertisement 2,800.00
Current Assets
Accounts Receivable 5,500.00
Less: Bad debts exp (500.00)
5,000.00
Closing Inventory 95,000.00
Office Supplies in hand 500.00
Bill Receivable 2,000.00
Bank Balance 11,300.00
Total Current Assets 113,800.00
Total Assets 171,300.00

Equities and Liabilities

Equities
Share Capital 50,000.00
Calls In Advance 500.00
Un-Appropriated profit 31,200.00
Total Equities 81,700.00

Non-Current liabilities
Bank Loan 13,000.00
Debenture 50,000.00
63,000.00
Current liabilities
Accounts Payable 20,500.00
Proposed Dividend 5,000.00
Interest Debenture due 1,100.00
Total Current Liabilities 26,600.00

Total Equities and Liabilities 171,300.00

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