HAYAT INDUSTRIES (PRIVATE) LIMITED FOR THE YEAR 2011-12 CHART OF ACCOUNTS DEBIT RUPEES 1 CAPITAL 11 EQUITY 111

AUTHORIZED SHARE CAPITAL 1111 ISSUED CAPITAL 1111.001 SUBSCRIBED AND PAID-UP CAPITAL 112 RESERVES 1121 CAPITAL RESERVE 1121.001 SHARE PREMIUM RESERVE 1122 REVENUE RESERVE 1122.001 GENERAL RESERVE 1122.002 UNAPPROPRIATED PROFIT 2 LIABILITIES 21 NON CURRENT LIABILITIES 211 LONG TERM LOANS 2111 LOANS FROM FINANCIAL INSTITUTIONS 2111.001 BANK - (TERM FINANCE) 2111.001 BANK - (DEMAND FINANCE) 2112 LOANS FROM ASSOCIATED UNDERTAKINGS 2112.001 NAME 2112.001 NAME 2113 LOANS FROM DIRECTORS 2113.001 MR. OMER HAYAT 2113.002 MRS. AZRA HAYAT 2113.003 MRS. FAIZA ANJUM 2113.004 MR. SHAUKAT HAYAT 2114 LOAN FROM OTHERS 2114.001 NAME 212 LEASE LIABILITIES 2121 FINANCE LEASE 2121.001 MACHINERY AND EQUIPMENT LEASE 2121.002 MOTOR VEHICLE LEASE 2121.003 OTHER LEASE 213 DEFERRED LIABILITIES 2131 STAFF BENEFIT SCHEME 2131.001 STAFF GRATUITY PAYABLE 2132 DEFERRED TAX LIABILITY 2132.001 DEFERRED TAX LIABILITY 2133 OTHER DEFERRED LIABILITIES 2133.001 OTHERS CREDIT RUPEES

160,000

7,500,000 17,882,989

471,424

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22 CURRENT LIABILITIES 221 TRADE AND OTHER PAYABLES 2211 TRADE CREDITORS 2211.001 AL-NOOR PRINTERS (KMK) 2211.002 JAWAID FUMIGATION 2211.003 UNITED PLASTIC INDUSTRIES (KHI) 2211.004 EXPRESS FREIGHT LINKS 2211.005 TAYYABA AGENCIES 2211.006 AB RICE MILLS (PVT) LTD 2211.007 NEW HAMPSHIRE INSURANCE COMPANY 2211.008 PEGASUS MARITIME PAKISTAN (PVT) LTD

304,124 1,200 30,845 3,510 44,580 39 11,635 334,495

2212 ACCRUED EXPENSE 2212.001 SALARIES PAYABLE 2212.002 WAGES PAYABLE 2212.003 EOBI PAYABLE 2212.004 SESSI PAYABLE 2212.005 ELECTRICITY BILLS PAYABLE 2212.006 GAS BILLS PAYABLE 2212.007 WATER BILLS PAYABLE 2212.008 TELEPHONE BILLS PAYABLE 2212.009 MOBILE BILLS PAYABLE 2212.010 INSURANCE PAYABLE 2212.011 SALES TAX PAYABLE 2212.011 BANK CHARGES PAYABLE 2213 LETTER OF CREDIT PAYABLE 2213.001 NUMBER 2214 OTHER LIABILITIES 2214.001 WPPF PAYABLE 2214.002 WWF PAYABLE 2214.003 EMPLOYEES INCOME TAX PAYABLE 222 ACCRUED MARK UP 2221 MARK UP ON LONG TERM LOANS 2221.001 BANK NAME 2222 MARK UP ON SHORT TERM LOANS 2222.001 BANK NAME 224 SHORT TERM LOANS 2241 LOANS FROM FINANCIAL INSTITUTIONS 2241.001 BANK - (EXPORT REFINACE) 2241.002 BANK - (RUNNING FINANCE) 2242 LOANS FROM ASSOCIATED UNDERTAKINGS 2242.001 NAME 2243 LOANS FROM DIRECTORS 2243.001 NAME 2244 LOANS FROM OTHERS 2244.001 NAME 225 ADVANCES 2251 FROM CUSTOMERS 2251.001 NAME 226 DIVIDEND PAYABLE 2261 DIVIDEND PAYABLE 2261.001 DIVIDEND PAYABLE 227 TAXATION PAYABLE 2271 TAX PAYABLE

1,508

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2271.001 TAX PAYABLE - CURRENT 2271.002 TAX PAYABLE - PRIOR 3 ASSETS 31 NON CURRENT ASSETS 311 PROPERTY, PLANT AND EQUIPMENTS -OWNED 3111 LAND 3111.001 LAND - KAMOKE 3111.002 LAND - KARACHI

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3112 BUILDING 3112.001 BUILDING - KAMOKE 3112.002 BUILDING - KARACHI 3113 PLANT AND MACHINERY 3113.001 WEAVING MACHINES 3113.002 STITCHING MACHINES 3113.003 ELECTRIC INSTALLATIONS 3115.004 GENERATOR 3115.005 OTHER MACHINES 3114 FURNIURE AND FIXTURE 3114.001 FURNIURE AND FIXTURES 3115 OFFICE EQUIPMENT 3115.001 OFFICE EQUIPMENTS 3115.002 COMPUTER EQUIPMENTS 3116 MOTOR VEHICLE 3116.001 MOTOR CARS 3116.002 MOTOR CYCLES 312 PROPERTY, PLANT AND EQUIPMENTS - LEASED 3121 PLANT AND MACHINERY 3121.001 PLANT AND MACHINERY - LEASED 3122 VEHICLE 3122.001 VEHICLE - LEASED 3123 GENERATOR 3123.001 GENERATOR - LEASED 313 ACCUMULATED DEPRECIATION 3131 ACCUMULATED DEPRECIATION - OWNED 3131.001 ACCUMULATED DEPRECIATION BUILDING 3131.002 ACCUMULATED DEPRECIATION PLANT AND MACHINERY 3131.003 ACCUMULATED DEPRECIATION FURNIURE AND FIXTURE 31131004 ACCUMULATED DEPRECIATION OFFICE EQUIPMENT 31131005 ACCUMULATED DEPRECIATION VEHICLE 3132 ACCUMULATED DEPRECIATION - LEASED 3132.001 ACCUMULATED DEPRECIATION LEASED PLANT AND MACHINERY 3132.002 ACCUMULATED DEPRECIATION LEASED VEHICLE 314 INTANGIBLE ASSETS 3141 INTANGIBLE ASSETS 3141.001 COMPUTER SOFTWARES 315 AMORTIZATION 3151 AMORTIZATION 3151.001 AMORTIZATION COMPUTER SOFTWARES 316 CWIP 3161 CWIP - CIVIL WORK 3161.001 CWIP - CIVIL WORK 3162 CWIP - OTHERS 3162.001 CWIP - PLANT AND MACHINERY 3162.002 CWIP - FURNIURE AND FIXTURE 3162.003 CWIP - OFFICE EQUIPMENT 3162.004 CWIP - COMPUTER SOFTWARE

46,125

93,205 163,074

2,814,611

29,644 219,125 1,293,272

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317 LONG TERM INVESTMENTS 3171 INVESTMENTS IN FINANCIAL INSTITUTIONS 3171.001 BANK 3172 INVESTMENTS IN ASSOCIATED UNDERTAKINGS 3172.001 HAYAT TRADING AND IND. INT. ENT (PVT) LTD 3173 INVESTMENTS IN LISTED COMPANIES 3173.001 NAME 3174 INVESTMENTS IN UNLISTED COMPANIES 3174.001 NAME 3175 INVESTMENTS IN IMMOVABLE PROPERTIES 3175.001 NAME 3176 INVESTMENTS IN OTHERS 3176.001 NAME 318 LONG TERM LOANS AND ADVANCES 3181 TO ASSOCIATED UNDERTAKINGS 3181.001 NAME 3182 LOANS AND ADVANCES TO DIRECTORS 3182.001 NAME 3183 LOANS AND ADVANCES TO EMPLOYEES 3183.001 NAME 3184 LOANS AND ADVANCES TO OTHERS 3184.001 NAME 319 LONG TERM DEPOSITS, PREPAYMENTS 3191 LONG TERM DEPOSITS 3191.001 DPOSIT - PTCL 3191.002 DPOSIT - KESC 3191.003 DPOSIT - SSGC 3191.004 DPOSIT - MOBILE 3192 LONG TERM PREPAYMENTS 3192.001 NAME 32 CURRENT ASSETS 321 STORES AND SPARES 3121 STORES 3121.001 CARTONS 3121.002 POLYBAGS 3121.003 THREAD 3121.004 LABELS 3121.005 OTHERS 3122 SPARE PARTS 3122.001 MACHINE PARTS 3122.002 OTHERS 3123 OIL AND LUBRICANTS 3123.001 MACHINE OIL 3123.002 DIESEL 3123.003 OTHERS 322 STOCK IN TRADE 3221 RAW MATERIAL 3221.001 STOCK RICE 3222 WORK IN PROGRESS 3222.001 WORK IN PROGRESS 3223 FINISHED PRODUCTS 3223.001 FINISHED PRODUCTS

7,500,000

1,660

7,397,625

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3223 OTHER STOCKS 3223.001 OTHER STOCKS 323 TRADE DEBTORS 3231 EXPORT DEBTORS 3231.001 ADVANCE FOOD INT INC (USA) 3232 LOCAL DEBTORS 3232.001 NAME 324 ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES 3241 LOANS AND ADVANCES 3241.001 ADVANCE TO ASSOCIATED UNDERTAKINGS 3241.002 ADVANCE TO DIRECTORS 3241.003 ADVANCE TO EMPLOYEE 3241.004 ADVANCE TO SUPPLIERS 3241.005 ADVANCE TO CONTRACTORS 3241.006 ADVANCE LETTER OF CREDITS 3241.007 ADVANCE TO OTHERS

5,281,601

2,039,600

3242 DEPOSITS 3242.001 CUSTOM DEPOSITS RECEIVABLE 3242.002 MARGIN DEPOSITS - LC 3242.003 CONTAINER DEPOSITS 3243 SHORT TERM PREPAYMENTS 3243.001 PREPAID INSURANCE 3243.002 PREPAID RENT 3243.003 PREPAID INTERNET CHARGES 3243.004 PREPAID FEES AND SUBSCRIPTION 3243.005 PREPAID VEHICLE TAX 3244 TAX REFUNDS DUE FROM GOVERNMENT 3244.001 INCOME TAX REFUNDABLE 2011 3244.002 WITHHOLDING TAX - ELECTRICITY 3244.003 WITHHOLDING TAX - SSGC 3244.004 WITHHOLDING TAX - PTCL 3244.005 WITHHOLDING TAX - MOBILE 3244.006 WITHHOLDING TAX - MOTOR VEHICLE 3244.007 WITHHOLDING TAX - CASH WITHDRAWAL 3244.008 WITHHOLDING TAX - IMPORT 3244.009 WITHHOLDING TAX - EXPORT 3244.010 WITHHOLDING TAX - INTEREST INCOME 3244.011 WITHHOLDING TAX - SUPPLIES 3244.012 SALES TAX REFUNDABLE 3244.013 SED REFUNDABLE 3245 ACCRUED INCOME RECEIVABLE 3245.001 BANK NAME 3246 OTHER RECEIVABLES 3246.001 INSURANCE CLAIMS RECEIVABLE 3246.002 RECEIVABLE AGAINST SALE OF FIXED ASSETS

17,220

325 EXPORT REBATE AND RESEARCH & DEVELOPMENT SUPPORT RECEIVABLE 3251 EXPORT REBATE RECEIVABLE 3251.001 EXPORT REBATE RECEIVABLE 06-07 3251.002 EXPORT REBATE RECEIVABLE 07-08 3251.003 EXPORT REBATE RECEIVABLE 08-09 3251.004 EXPORT REBATE RECEIVABLE 09-10 3251.005 EXPORT REBATE RECEIVABLE 10-11 3251.006 EXPORT REBATE RECEIVABLE 11-12

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3252 RESEARCH & DEVELOPMENT SUPPORT RECEIVABLE 3252.001 RESEARCH & DEVELOPMENT SUPPORT RECEIVABLE 06-07 3252.002 RESEARCH & DEVELOPMENT SUPPORT RECEIVABLE 07-08 3252.003 DLTL RECEIVABLE 09-10 3252.004 DLTL RECEIVABLE 10-11 3252.005 DLTL RECEIVABLE 11-12

326 SHORT TERM INVESTMENTS 3261 INVESTMENTS IN FINANCIAL INSTITUTIONS 3261.001 NAME 3262 INVESTMENTS IN ASSOCIATED UNDERTAKINGS 3262.001 NAME 3263 INVESTMENTS IN LISTED COMPANIES 3263.001 NAME 3264 INVESTMENTS IN UNLISTED COMPANIES 3264.001 NAME 3265 INVESTMENTS IN IMMOVABLE PROPERTIES 3265.001 NAME 3266 INVESTMENTS IN OTHERS 3266.001 NAME 327 BANK AND CASH BALANCES 3271 CURRENT ACCOUNTS 3271.001 MUSLIM COMMERCIAL BANK - KHI (AC#6124-5) 1,006,895 3271.002 MUSLIM COMMERCIAL BANK - KMK (AC#2021-7) 10,357 3271.003 MEZAN BANK LIMITED - KHI (AC#1264) 609 3271.004 UNITED BANK LIMITED KIA BRANCH - KHI (AC#4654-3) 264,541 3271.005 UNITED BANK LIMITED - KMK (AC#2644-6) 20,605 3272 DEPOSIT ACCOUNTS 3272.001 BANK 3273 SAVING ACCOUNTS 3273.001 BANK 3274 FOREIGN CURRENCY ACCOUNT 3274.001 BANK 3275 CASH IN HAND 3275.001 CASH IN HAND - KARACHI 3275.002 CASH IN HAND - KAMOKE 3275.003 CASH IN TRANSIT 4 REVENUE 41 EXPORT SALES 411 EXPORT SALES 4111 EXPORT SALES 4111.001 EXPORT SALES 4111.002 SALES RETURN 4111.003 SAMPLE 4111.004 COMMISSION EXPENSE 4111.005 SALES DISCOUNT 4111.006 EXCHANGE GAIN / (LOSS) 42 LOCAL SALES 421 LOCAL SALES 4211 LOCAL SALES 4211.001 LOCAL SALES 43 OTHER OPERATING INCOME 431 OTHER OPERATING INCOME 4311 OTHER OPERATING INCOME 4311.001 INVESTMENT INCOME 4311.002 INTEREST INCOME 4311.003 PROFIT ON SALE OF INVESTMENT

1,630,662

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4311.004 4311.005 4311.006 4311.007 4311.008 4311.009 4311.010 4311.011 4311.012

EXPORT REBATE INCOME RDS INCOME DUTY DRAWBACK GAIN ON SALE OF FIXED ASSETS REVERSAL OF PROVISIONS WASTAGE SALES SCRAP SALES LIABILITIES NO LONGER PAYABLE WRITTEN BACK OTHER INCOME

5 EXPENSES 51 COST OF SALES 52 COST OF SALES 5111 PURCHASES 5111.001 PURCHASE RICE 5111.002 PURCHASE PACKING MAERIAL 5111.003 PURCHASE DISCOUNT 5111.004 PURCHASE RETURN 5111.005 CARTAGE 5112 SALARIES, WAGES AND OTHER BENEFITS 5112.001 SALARIES EXPENSE 5112.002 WAGES EXPENSE 5112.003 STAFF WELLFARE EXPENSE 5112.004 MEDICAL EXPENSES 5112.005 SESSI 5112.006 EOBI 5112.007 EDUCATION CESS 5112.008 INDIRECT LABOUR 5112.009 INSURANCE 5112.010 OVERTIME 5112.011 BONUS 5112.012 OTHERS 5113 PROCESSING CHARGES 5113.001 PROCESSING RICE 5113.002 FUMIGATION CHAGRES 5114 POWER AND FUEL 5114.001 ELECTRICITY CHARGES 5114.002 GAS CHARGES 5114.003 DIESEL FOR GENERATOR 5115 STORES AND SPARES CONSUMED 5115.001 PURCHASE ACCESSORIES 5115.002 PURCHASE DYES & CHEMICALS 5115.003 PURCHASE PACKING MATERIAL 5115.004 PURCHASE PRINTING AND STATIONERY 5115.005 PURCHASE STORES & SPARES 5115.006 PURCHASE OIL & LUBRICANTS 5115.007 PURCHASE DISCOUNT 5115.008 PURCHASE RETURN 5115.009 CARTAGE 5116 RENT, RATES AND TAXES 5116.001 RENT, RATES AND TAXES 5117 WATER CHARGES 5117.001 WATER CHARGES 5118 INSURANCE 5118.001 INSURANCE 5119 CARTAGE / TANSPORTATION / FREIGHT 5119.001 CARTAGE / TANSPORTATION / FREIGHT

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5120 REPAIR AND MAINTENANCE 5120.001 REPAIR AND MAINTENANCE - BUILDING 5120.002 REPAIR AND MAINTENANCE - PLANT AND MACHINERY 5120.003 REPAIR AND MAINTENANCE - FACTORY EQUIPMENT 5121 OTHER EXPENSES 5121.001 TESTING CHARGES 5122 DEPRECIATION 5122.001 DEPRECIATION 52 ADMINISTRATIVE AND GENERAL EXPENSES 521 ADMINISTRATIVE AND GENERAL EXPENSES 5211 DIRECTORS' REMUNERATION 5211.001 MR. OMER HAYAT 5211.002 MRS. AZRA HAYAT 5211.003 MRS. FAIZA ANJUM 5212 SALARIES AND OTHER BENEFITS 5212.001 SALARIES AND ALLOWANCE 5212.002 EOBI 5212.003 OVERTIME 5212.004 LEAVE ENCASHMENT 5212.005 INSURANCE 5212.006 BONUS 5212.007 5213 TRAVELING AND CONVEYANCE 5213.001 TRAVELING AND CONVEYANCE 5214 COMMUNICATION / TELEPHONE AND POSTAGE 5214.001 TELEPHONE EXPENSES 5214.002 MOBILE EXPENSES 5214.003 INTERNET EXPENSES 5214.004 POSTAGE CHARGES 5214.005 COURIER EXPENSES 5215 PRINTING AND STATIONERY 5215.001 PHOTOCOPIES EXPENSE 5215.002 STATTIONERY EXPENSE 5215.003 CARTRIDGE EXPENSE 5216 VEHICLE RUNNNG AND MAINTENANCE 5216.001 REPAIR AND MAINTENANCE - VEHICLES 5216.002 FUEL EXPENSES 5216.003 PARKING CHARGES 5217 REPAIR AND MAINTENANCE 5217.001 REPAIR AND MAINTENANCE - COMPUTER EXPENSES 5217.002 REPAIR AND MAINTENANCE - OFFICE EQUIPMENT 5217.003 REPAIR AND MAINTENANCE - FURNITRE AND FIXTURE 5218 RENT, RATES AND TAXES 5218.001 RENT EXPENSE 5218.002 VEHICLE TAX 5218.003 PROFESSIONAL TAX 5218.004 PROPERTY TAX 5218.005 SED / FED

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5219 LEGAL AND PROFESSIONAL CHARGES 5219.001 CONSULTANCY CHARGES 5219.002 COMMISSION ON SALES TAX REFUNDABLE 5220 AUDIT FEE 5220.001 AUDIT FEE 5221 INSURANCE EXPENSES 5221.001 INSURANCE EXPENSES 5222 ADVERTISING EXPENSES 5222.001 ADVERTISING EXPENSES 5223 ENTERTAINMENT EXPENSES 5223.001 ENTERTAINMENT EXPENSES 5224 ELECTRICITY, GAS AND WATER 5224.001 ELECTRICITY CHARGES 5224.002 GAS CHARGES 5224.003 WATER CHARGES 5225 FEES AND SUBSCRIPTION 5225.001 FEES AND SUBSCRIPTION 5226 DONATIONS 5226.001 DONATIONS 5227 OTHER EXPENES 5227.001 REBATE & RDS EXPENSES 5227.002 CREDIT CARD EXPENSES 5227.003 SECURITY CHARGES 5227.004 NEWSPAPERS AND PERIODICALS 5228 DEPRECIATION 5228.001 DEPRECIATION 5229 AMORTIZATION 5229.001 AMORTIZATION 53 SELLING AND DISTTRIBUTION EXPENSES 531 SELLING AND DISTTRIBUTION EXPENSES 5311 CLEARING AND FORWARDING EXPENSES 5311.001 CLEARING AND FORWARDING EXPENSES 5312 FREIGHT CHARGES 5312.001 AIR FREIGHT 5312.002 SEA FREIGHT 5312.003 TRAIN FREIGHT 5312.004 ROAD FREIGHT 5313 INSURANCE EXPENSES 5313.001 INSURANCE EXPENSES 5314 ADVAERTISING AND SALES PROMOTION 5314.001 ADVAERTISING AND SALES PROMOTION 5315 OTHER EXPORT EXPENSES 5315.001 LOADING UNLOADING CHARGES 5315.002 EDS CHARGES

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54 FINANCIAL CHARGES 541 FINANCIAL CHARGES 5411 MARK UP CHARGES 5411.001 MARK-UP ON BANK LOAN 5411.002 MARK-UP ON RUNNING FINANCE 5411.003 MARK-UP ON TERM FINANCE LOAN 5411.004 MARK-UP ON EXPORT RE-FINANCE LOAN 5411.005 MARK-UP ON WPPF 5412 BANK CHARGES 5412.001 BANK SERVICE CHARGES 5412.002 FOREIGN BANK SERVICE CHARGES 5412.003 BANK COMMISSION CHARGES 55 OTHER OPERATING CHARGES 551 OTHER OPERATING CHARGES 5511 OTHER OPERATING CHARGES 5511.001 LOSS ON DISPOSAL OF PROPRTY, PLANT AND EQUIPMENT 5511.002 LOSS ON SALE OF INVESTMENTS 5511.003 DIVIDEND 5511.004 WWF 5511.005 WPPF 5511.006 PROVISIONS 56 TAXATION 561 TAXATION 5611 TAXATION - PRIOR 5611.001 TAXATION - PRIOR 5612 TAXATION - CURRENT 5612.001 TAX ON EXPORT SALES 5612.002 TAX ON LOCAL SALES 5612.003 TAX ON INTEREST INCOME 5612.004 TAX ON OTHERS 5613 TAXATION - DEFERRED 5613.001 TAXATION - DEFERRED

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Further we need seven types of vouchers to be incorporated in software. Vouchers are as follows 1 2 3 4 5 6 7 CP CR BP BR PV SV JV CASH PAYMENT VOUCHER CASH RECEIPT VOUCHER BANK PAYMENT VOUCHER BANK RECEIPT VOUCHER PURCHASE VOUCHER SALES VOUCHER JOURNAL VOUCHERS