ADNAN CO Ltd

Income Statement
For the year ended Dec 31, 2004
NET SALES
Sales Revenue
Less: Sales Return & Allowance
Less: Sales discount
Net sales
LESS: COST OF GOODS SOLD
Merchandise Inventory-Open
Add: Net Purchase
Purchase
0
Add: Transport in/ Carriage/ Cartage/ Freight/ Import Duty/
Labor charges
0
Total Purchase
0
Less: Purchase Return & allowance
0
Less: Purchase Discount
0
Total Net purchase
Goods Available for sales
Less: Merchandise inventory- end
Gross Profit/ gross Loss
LESS: OPERATING PROFIT
Admin and Office Expenses
Office Salary Expense
0
Supplies Expenses( Printing and stationary) Postage and
telegrams
0
Rent Expense
0
Audit Fees
0
Insurance Expense
0
General Expense
0

0
0
0
0
0

A.I.M.S
SYED ADNAN KAZMI
03452876775
0
0
0 0
0

Director Remuneration and compensation/ bonuses

transportation out
Depreciation Expense
General/ Miscellaneous / general expense

0
0
0
0

Utilities expense( gas, electricity, telephone, water)

Amortization Expense
Marketing and Selling
Advertising Expanses
Bad Debt Expense

0
0 0
0
0

salesmen salary, bonus and commission

Net Profit for the year
ADD: Other Income
gain on disposable of assets
Commission/ fees/ commission income
Bank profit
EBIT( Earnings Before Interest and Tax)
Less: Interest Expenses
EBT( Earnings Before Tax)
Less: Tax Expense
EAT( Earning After Tax) Net profit for the year

0 0 0
0
0
0
0 0
0
0
0
0
0

ADNAN CO Ltd
Statement of Retained Earnings
For the year ended Dec 31, 2004
Retained Earnings- open
Add: Net profit(EAT)
Less: Net Loss

0
0
0
0
Less: Dividend/ Reserve/ Funds/ Appropriation
Cash dividend Payable
0
Stock Dividend Payable

Reserve for Contingencies

Appropriation for income Tax

Retained Earnings- end

0 0
0

A.I.M.S
SYED ADNAN KAZMI
03452876775

SYED
03

ADNAN & CO
Balance Sheet
As On Dec 31, 2004
ASSETS
Current Assets
Cash
xxx
Bank
xxx
Marketable Securities (Prize bonds, savings certificates)
xxx
Accounts Receivable (Debtors)
xxx
Less: Allowance
Debts/doubtful/
uncollectible Commission (xxx)
Bill
Receivablefor Band
/Notes
Receivable/Accrued
Receivable
xxx
Stocks/
Merchandise
Inventory
(ending/closing)
Material (ending) / Goods in Process (ending)/ Finished Goods xxx
(ending)
xxx
Office/store/advertising Supplies
xxx
Prepaid/unexpired
------/ Advance
xxx
Advance to suppliers
Payment (Tax)
xxx
Investment Short term
xxx
Total Current Assets
Fixed Assets/ Non Current Assets
Land
xxxxx
Less: Allowance for Depletion
Building/Furniture/Equipment/Plant
Assets/Shop/
Machine/ (xxx)
Automobile/ Tool
xxxx
Less: Allowance for Depreciation/Accumulate Depreciation
(xxx)
Goodwill/ Patents/ copyrights/ Royalties/ Preliminary Expense
xxxx
Less: Amortization Expense
(xxx)
Total Fixed Assets
TOTAL ASSETS
EQUITIES
Authorized Capital/
Registered Capital
10,000 shares of Rs. 10/= each
Paid Up and
Issued
Capital
Ordinary
Share
Capital/
Common Stock/ Preferred xxxx
Stock
xxxx
Add: Share Premium
xxxx
Less: Share
Discountunappropriate Earnings
(xxx)
Retained
Earnings/
(if Profit/Credit)
xxxx
Retained Earnings/ Deficit (if loss/Debit)
(xxx)
Total Capital
Reserve/Funds/
Reserve/Funds/ Appropriation
Appropriation for contingencies for
plant/contingencies
xxxx
General Reserve /
Capital Reserve
xxxx
Liabilities
Short term/ Current Liabilities

A.I.M.S
SYED ADNAN KAZMI
03452876775
xxxxxx

xxxxx
xxxxxxx

xxxx

xxxxx

xxxx

Bank Overdraft(O.D)/
call loans/ Bank loan
Accounts
Payable/ Payable/Creditors
Other
Payable
Unearned Income
Advance From Customers
Accrued/Outstanding/unpaid
Total Current Liabilities
Long Term Liabilities
Debenture
Payable/
Mortgage Payable/ Bonds Payable
Add:
gain on
debenture/Premium
on debenture
Less:
Loss on Debenture/
discount on debenture
Total Long Term Liabilities
TOTAL EQUITIES

xxx
xxx
xxx
xxx
xxx
xxx
xxxxx
xxx
xxx
(xxx)
xxxxx
xxxxxxx

ZMI