GARMENTS STORE

BALANCE SHEETS
Projected vs Actual
2010 2009
Notes PKR in '000' PKR in '000'
Projected Actual
ASSETS

Non-current assets
Fixed Assets 4 543 603

Current assets
Stocks 4,906 4,063
Trade debtors 2,310 1,985
Advances deposits and prepayments 240 240
Cash and bank balances 4,060 2,786
11,516 9,074

12,059 9,677
CAPITAL AND LIABILITIES

Owner's Capital
Capital account 5,944 4,259
Less drawings 360 354
5,584 3,905
Accumulated profit 2,466 2,039
8,051 5,944

Current liabilities
Trade creditors 4,008 3,733

4,008 3,733

12,059 9,677
###
The annexed notes form an integral part of these financial statements.

_____________ _______
Proprietor Director
GARMENTS STORE
Profit and Loss Account
Projected vs Actual
2010 2009
Notes PKR in '000' PKR in '000'
Projected Actual

Revenue 28,733 25,576

Cost of Sales 1 25,061 22,420

Gross Profit 3,672 3,156

Administration and selling expenses 2 931 890

Profit before tax 2,741 2,266

Income tax 274 227

###
Profit for the year 2,466 2,039

The annexed notes form an integral part of these financial statements.

_____________
Proprietor
GARMENTS STORE
Cash Flow Statement
Projected vs Actual
2010 2009
PKR in '000' PKR in '000'
Projected Actual

Cash Flows From Operating Activities

Profit for the year 2,466 2,039
Adjustment for depreciation 60 67
2,527 2,106
Working capital adjustments
Less increase in stocks (843) (1,483)
Less increase in debtors (325) (1,182)
Add increase in creditors 275 3,043
Add increase in accruals - -
(893) 378
Net cash flows from operating activities 1,634 2,484

Cash Flows From Investing Activities

Net cash flows from Investing activities - -

Cash Flows From Financing Activities

Drawings (360) (354)
Net cash flows from financing activities (360) (354)

Net cash flows for the period 1,274 2,130

Opening Cash and Cash Equivalents 2,786 656
Closing Cash and Cash Equivalents 4,060 2,786

_____________
Proprietor
GARMENTS STORE
Notes to the Accounts
Projected vs Actual
2010 2009
PKR in '000' PKR in '000'
1 Cost of goods sold Projected Actual

Opening stock 4,063 2,580

Purchases 25,904 23,903
29,967 26,483
Closing stock 4,906 4,063
25,061 22,420
###

2 Administrative and selling expenses

Salaries & benefits 402 378
Utility charges 129 123
Printing and stationery 38 36
Telephone & postage 64 63
Entertainment 86 83
Traveling and conveyance 109 103
Repair & maintenance 8 6
Selling Expenses 35 31
Financial Charges - -
Depreciation 60 67
931 890

3 General

Figures have been rounded off to the nearest rupee.

_____________
Proprietor
7 PROPERTY, PLANT & EQUIPMENT

C O S T DEPRECIATION BOOK VALUE

As at Additions/ As at 31 As at For As at 31 As at 31 Rate
PARTICULARS
01 Jan (Deletions) December 01 Jan the period Adjustment December December %
2005 2005 2005 2005 2005
Rupees Rupees Rupees Rupees Rupees Rupees Rupees

Lease hold improvement 11,442,613 (11,442,613) - 3,297,497 1,927,100 (5,224,597) - - 25%

Office equipment 26,058,079 (26,058,079) - 7,255,317 1,324,849 (8,580,166) - - 10% - 33%

Furniture and fixture 3,376,858 (3,376,858) - 1,945,834 179,447 (2,125,281) - - 20%

Vehicle 55,000 (55,000) - 13,750 124,375 (138,125) - - 20%

Computers 21,340,155 (21,340,155) - 13,131,116 5,808,437 (18,939,553) - - 25-100%

December 2005 62,272,705 (62,272,705) - 25,643,514 9,364,208 - -

December 2004 29,899,812 32,372,893 62,272,705 11,274,069 14,369,445 25,643,514 36,629,191
GARMENTS STORE
Notes to the Accounts
For the year 2009
4 Operating Fixed Assets
Cost Depreciation Book value
As at As at As at As at as at
July 01 Additions/ June 30 July 01 For the June 30 June 30
2008 (deletions) 2009 2008 year 2009 2009 Rate
Rupees Rupees Rupees Rupees Rupees Rupees Rupees %
in 000 in 000 in 000 in 000 in 000 in 000 in 000

Furniture and fixtures 744 - 744 74 67 141 603 10

2009 744 - 744 74 67 141 603

4 Operating Fixed Assets

Cost Depreciation Book value
As at As at As at As at as at
July 01 Additions/ June 30 July 01 For the June 30 June 30
2009 (deletions) 2010 2009 year 2010 2010 Rate
Rupees Rupees Rupees Rupees Rupees Rupees Rupees %
in 000 in 000 in 000 in 000 in 000 in 000 in 000

Furniture and fixtures 744 - 744 141 60 201 543 10

2010 744 - 744 141 60 201 543

GARMENTS STORE
Financial Analysis

2009 2008
2010
Current ratio

Current asset 2.87 2.43 6.20

Current liability

Liquid Ratio

Liquid Asset 1.65 1.34 2.46

Current liabilities

Debtors turnover ratio

debtors 29.34 28.33 17.98

*365
sales

Creditors turnover ratio

Creditors 58.4 60.8 17.4

*365
Purchase

Fixed Asset Ratio

Fixed Asset 0.02 0.04

Sale

Debt Equity Ratio

Long term debt #VALUE! #VALUE!

Paid up capital+Reserve

Gross Profit Ratio

Gross Profit 12.8 12.3 11.0

Sale

Net Profit Ratio

Net Profit 8.6 8.0 -

Sale

Return on Capital Employed

Net Profit 30.6 34.3 -

Gross Capital Employed

Interest Covered Ratio

(Profit before tax+Interest) #VALUE! #VALUE! 12.9

Interest

Stock turnover Ratio

Closing Stock 62.3 58.0 0.2

Sales