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Statement of Financial Position Equity & Liabilities Amount Asset Amount Equity Share Capital 3,357,145 Cash in Hand 2,065 Legal Reserve 1,119,000 Bank Balance in Current Account 1,065,582 Retained earnings 3,509,041 Investment Account 325,000 Less: Unrelised Loss (12,290) Net Investment 312,710 Inventory Raw Material 2,647,538 Borrowings Finished Stock 946,811 Short Term Borrowings 500,000 WIP 163,273 Loan againts Trust receipts 3,049,783 Other Consumables 423,554 Current Liabilities Current Assets Accrued Exp 1,048,781 Advances & Deposits 58,000 Trade Payables 1,627,724 Prepayment 43,688 Other payables 140,892 Accounts Receivable 5,235,403 Deferred Tax Liability 82,800 Propert, Plant & Equipment Employee end of service benefits 296,784 Buildings 612,390 P&M 3,383,645 Provision for tax 224,597 Extrusion Equiments 5,623 Office & other equipment 19,245 Furniture and Fittings 4,273 Motor Vehicles 2,348 Computer installation 30,399 Total Equity & Capital 14,956,547 Total Assets 14,956,547 Income Statement Sales 18,623,000 Less: Cost of Goods Sold Raw Materials 13,091,758 Labour Cost 982,357 Other Production Cost 289,243 Depreciation on Building 49,987 Depreciation on P&M 846,681 Gross Profit 3,362,974 Other Income Insurance Claims 5,300 Gain from disposal of asset 332,747 Total Income 3,701,021 Less: Admin Cost Salaries and staff related cost 854,431 Directors Remuneration 30,157 Other Admin Overheads 316,835 Directors sittig fees 20,308 Depreciation on PPE other than Building & P&M 56,997 Less: SellingCost Outward Freight Charges 492,901 Travelling and Sales Commission 95,396 Other Distribution Cost 358,845 Profit before tax and interest 1,475,151 Finance Cost 157,186 Profit before Tax 1,317,965 Tax Expenses 190,959 Profit after Tax 1,127,006 Other Comprehensive Income adjustment for available for sale investments (12,290) Comprehensive Income 1,114,716 Basic EPS 0.17 Net Assets Per Share 1.19
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