Pending Bills

Sr
1
2
3
4
5
6
7
8
9

Party Name
Al Shaf
Izhar
Mehzooz Shb
Al Shaf ( Bahawalpur)
Al Shaf ( Bahawalpur)
Al Shaf ( Bahawalpur)

Item
Chips Tile
Chips Tile
Chips Tile
Chips Tile
Chips Tile (Y)
Chips Tile (B)

Total

At 30-November-2015
Qnty
4000
1600
1600
794
1744
1480

Rate
65
44
36
55
64
64

Amount
260,000
70,400
57,600
43,670
111,616
94,720

638,006

1.1

Property, Plant & Equipment

Building

As at July 1, 2015
Cost
Accumulated Depreciation
Net Book Value

Year ended June 30, 2016

Opening Net Book Value
Addition

Plant
&
Machinery

7,327,600
7,327,600

390,419
###
390,419

Office
Equipment

Furniture
&
Fiuxture

149,685
149,685

281,750
###
281,750

###
195,000
195,000

###
###
-

###
###
-

###
###
-

Disposals
Cost
Depreciation

Closing Net Book Value

7,327,600

585,419

149,685

281,750

Vehicles

Total

12,536,700
12,536,700

20,686,154
20,686,154

195,000
20,881,154

6,000
6,000

6,000
6,000

12,530,700

20,875,154

1.1

Property, Plant & Equipment

Building

As at July 1, 2014
Cost
Accumulated Depreciation
Net Book Value

Year ended June 30, 2015

Opening Net Book Value
Addition

Plant
&
Machinery

7,327,600
7,327,600

Office
Equipment

Furniture
&
Fiuxture

218,000
###
218,000

133,885
133,885

271,750
###
271,750

###
172,419
172,419

15,800
15,800

###
10,000
10,000

###
###
-

Disposals
Cost
Depreciation

Closing Net Book Value

7,327,600

390,419

149,685

###
###
-

281,750

Vehicles

Total

11,666,000
11,666,000

19,617,235
19,617,235

879,700
879,700

1,077,919
20,695,154

9,000
9,000

9,000
9,000

12,536,700

20,686,154

PUNJAB TILES
BALANCE SHEET
AS AT MARCH 31, 2016

Note
NON-CURRENT ASSETS
Property, Plant & Equipment
CURRENT ASSETS
Stock in trade
Trade Receivable
Advances, Deposits & Prepayments
Cash & Bank Balances

1
2
3
4
5

Total Assets
SHARE CAPITAL & RESERVES
Share Capital
Revenue Reserves

NON-CURRENT LIABILITIES
Long term Borrowing-Un-secured

CURRENT LIABILITIES
Trade & Other Payables

Short Term
Provision
forBorrowings
taxation

The annexed notes 1-15 form an integral part of these financial statements.

Lahore:

Prepared By

2016

2015
Rupees

Rupees

2014
Rupees

20,875,154

20,686,154

19,617,235

3,630,895
9,035,687
2,346,206
662,942
15,675,730

3,796,085
5,846,898
1,698,376
417,535
11,758,894

5,405,694
2,596,250
388,927
256,869
8,647,740

36,550,884

32,445,048

28,264,975

8,487,177
2,163,821
10,650,998

8,487,177
(446,238)
8,040,939

8,487,177
8,487,177

16,699,424

14,624,585

11,592,102

9,200,463

9,779,525

8,185,697

###

9,200,463

9,779,525

8,185,697

36,550,884

32,445,048

28,264,975

hese financial statements.

-

Approved By

PUNJAB TILES
PROFIT & LOSS ACCOUNT
FOR THE ENDED March 31, 2016
Note

Sales
Cost of sales

48,092,743

10

38,935,655
9,157,088

11
0

Operating Profit/Loss
Other (Income)/Loss
Financial Charges

Profit Before Taxation

Tax Expenses
Profit After Taxation

Lahore:

Rupees

Gross Profit
Less: Operating expenses
Administrative Expenses
Selling Expenses

2016

13
14

6,388,972
98,529
6,487,501
2,669,587
(303,629)
43,767
(259,863)
2,929,450
319,391
2,610,059

Upto Feb-16
Rupees

March-16
Rupees

42,594,207

5,498,536

34,042,844

4,892,811

8,551,363

605,725

5,998,707
98,529
6,097,236
2,454,127

390,265
390,265
215,460

(252,705)
40,767
(211,939)

(50,924)
3,000
(47,924)

2,666,066

263,384

304,120

15,271

2,361,946

248,113

PUNJAB TILES
CASH FLOW STATEMENT
FOR THE ENDED MARCH 31, 2015
OPERATING ACTIVITIES
Profit After tax
Adjustment for items not involving movement of cash
Depreciation
Disposal of asset
(Increase) / decrease in Current Assets
Stock in& trade
Stores
Spares
Trade Debts
Advances, deposits & other receivables

Increase / (decrease) in Current Liabilities

Trade & Other Payables
Provision for taxation
Short term Borrowings

NET CASH FLOW FROM OPERATING ACTIVITIES

INVESTING ACTIVITIES
Purchase of Fixed Assets
Sale of Motor Bike

NET CASH FROM INVESTING ACTIVITIES

FINANCING ACTIVITIES
Issue of Share Capital
Loan from directors
NET CASH FROM FINANCING ACTIVITIES
Net Increase / (Decrease) In Cash And Cash Equivalent
Cash & Cash Equivalent At The Beginning Of The Year
Cash & Cash Equivalent At The End Of The Period
The annexed notes 1-14 form an integral part of these financial statements.
Lahore:

Prepared By

2016
Rupees
2,610,059

2015
Rupees
(446,238)

2,610,059

###
###
(446,238)

165,190
(3,188,789)
(647,830)

1,609,609
(3,250,648)
(1,309,449)

(3,671,429)

(2,950,488)

1,593,828
-

###
-

(579,062)
(579,062)

1,593,828

2014
Rupees
-

(1,640,433)

(1,802,898)

(195,000)
6,000
(189,000)

(1,077,919)
9,000
(1,068,919)

(189,000)

(1,068,919)

###
3,032,483

2,074,839
2,074,839

3,032,483

245,407

160,666

417,535

256,869

662,942

417,535

256,869

Approved By

Punjab Tiles
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR Period MARCH 31 , 2016

Share Capital

Unappropriat
Profit / (Loss)

------------ ( Rupees) -----------Balance as at July 01, 2015

Proft/(Loss) for the Period

Balance as at September 30, 2015

8,487,177
8,487,177

(446,238)
2,610,059
2,163,821

Lahore:

Prepared By

Approved By

Total

8,040,939
2,610,059
10,650,998

PUNJAB TILES
Notes to the Accounts
AS AT MARCH 31, 2015
1

Property, Plant & Equipment

Capital Work in Progress

2016
Rupees

PROPERTY, PLANT & EQUIPMENT

1.1

STOCK IN TRADE
Stock of Raw Material

20,875,154

20,686,154

3,630,895

3,796,085

3,630,895

3,796,085

9,035,687

5,846,898

TRADE DEBTORS
These are unsecured but considered good .

20,875,154

2015
Rupees
20,686,154
-

ADVANCES, DEPOSITS & PREPAYMENTS

Advances to employees
Adv. WithHolding Tax
Advance for Purchases
Advance To Nadeem Ara
Advance To Ramzan Ara
Saleem Carpenter
Adv. For Camera
Adv. To Bilal Shb
Adv to Mian Gazanfar
Adv to Labour Factory
Loan to Candide

CASH & BANK BALANCES

Cash at Banks Current A/C
Cash in Hand
Cash in Hand in Factory

SHARE CAPITAL

2016
Rupees

2015
Rupees
98,430
198,306
150,000
(3,709)
110,970
125,000
24,135
183,550
482,790
976,734

70,980
160,627
150,000
10,000
24,135
183,550
124,350
974,734

2,346,206

1,698,376

568,950
81,991
12,001

337,508
79,225
802

662,942

417,535

8,487,177

8,487,177

Authorized Share capital

50,000 ordinary shares of Rs. 100/- each
Issued, Subscribed & Paid-up

N/A

PUNJAB TILES
Notes to the Accounts
AS AT MARCH 31, 2015
Issued subscribed & paid up capital
50,000 ordinary shares of Rs. 100/- each

LONG TERM BORROWINGS

Special Loan From Haji Shb
Loans From Haji Shb
Loan From Bilal Shb
Loan From Ali Shb
Car Loan

TRADE & OTHER PAYABLES

Trade Payables
Salary Payable to Haji shb
Advance From Customers
Ramzan Filling Station
Usman Catering
Accrued Expenses

N/A
N/A

10,488,823
3,898,769
1,686,832
625,000

10,488,823
2,063,730
1,372,032
700,000

16,699,424

14,624,585

4,543,027
2,370,000
2,318,108
2,328
(33,000)
9,200,463
2016

COST OF SALES
Raw Material Consumption
Other Material Consumed
Labour Wages
P-R-W Wages
Eid Allowance
Carriage To Customer
Used Oil
Lubricant For Generator
Generator Repair Exp.
Electricity, Water & Gas Charges
Telephone Expense
Sanitation
Repair & Maintenance
Fuel Expenses
Wooden Plank
Press Expenses

9,779,525

Rupees

SALES
Net Sales
Grey Cement
White Cement
Pending Bills

10

2,705,481
1,520,000
4,757,258
12,692
784,094

47,930,673
127,500
34,570
-

52,487,566
164,380
1,483,000
-

48,092,743
2016

54,134,946

24,803,532
416,814
7,116,868
190,000
48,000
1,244,350
63,155

2015
Rupees
29,364,230
837,421
8,229,296
500,851
48,100
566,000
13,500

75,297
161,500
1,105,418
44,471
48,285
249,240
701,753
861,989
165,870

138,000
360,738
1,572,986
51,000
16,609
859,500
1,154,078
10,000
17,537

Rupees
10.1

PUNJAB TILES
Notes to the Accounts
AS AT MARCH 31, 2015
WorkShop Expenses
Grinder Expenses
Large Plant Expenses
Small Plant Exp
Repair & Maintenance (Factory)
Printing & Stationary
Office Expenses
Other Exp.
Medical Exp
Hollow Block
Misc Exp.
Die Expenses

158,762
29,837
378,259
6,633
17,644
1,436
74,812
159,990
4,540
7,635
604,440
167,000

Entertainment

28,125
38,935,655

10.1 Raw Material Consumed

Opening Stock
Add: Purchases
Less: Closing Stock

3,796,085
24,638,342
(3,630,895)
24,803,532

11

ADMINISTRATIVE EXPENSES
Directors Remuneration
Salaries & Benefits
Food Allawance
Office Expenses
Telephone Expenses
Electricity Expenses
Domestic Exp.
Water & Sanitation
Repair & Maintenance
Vehicle Running Exp.
Office Entertainment
Traveling & Conveyance
Islamabad Exp
Insurance Exp
Printing & Stationary
Charity & Donation
Membership Expenses
Fine & Panelty
Professional Tax
Newspaper Exp.
Social Security Expenses

2016
Rupees
11.1

1,400,000
1,735,713
72,000
78,306
203,762
164,696
746,950
17,000
319,980
664,558
123,142
39,021
224,890
101,500
52,230
133,756
1,900
8,400
34,000
3,094
106,514

17,380
23,241
138,788
6,254
47,151
16,668
65,710
15,610
4,118
289,342
312,290
44,798,473

5,405,694
27,754,621
(3,796,085)
29,364,230
2015
Rupees
2,400,000
1,971,459
69,600
87,826
314,660
197,202
1,172,290
22,550
560,221
950,954
242,768
9,425
123,626
61,106
309,790
15,000
15,540
25,193
4,642
140,752

PUNJAB TILES
Notes to the Accounts
AS AT MARCH 31, 2015
Tender Exp
Commision
Mr Mukhtar
Other Expenses
Medical Expenses
Postage & Courier

10,000
46,840
12,000
76,667
710
11,343

287,300
61,000
95,070
3,403
10,935

6,388,972

9,266,104

2016
Rupees
12

SELLING EXPENSES
Advertisement

2015
Rupees
98,529

195,625

98,529

215,625

148,344
155,285

115,198
95,167

303,629

249,865

43,767

60,533
-

43,767

60,533

319,391

490,314

319,391

490,314

13
OTHER INCOME / CHARGES
Income Sale on Scrapes
Bad Debt

14

15

FINANCIAL CHARGES
Bank Charges

Tax Expenses
Tax deduct by parties

Lahore:

Prepared By

Approved By

2014
Rupees
19,617,235
19,617,235

5,405,694
5,405,694

2,596,250
2014
Rupees
24,500
175,750
86,966
101,711
388,927

186,443
69,195
1,231
256,869

8,487,177

N/A

N/A
N/A

10,488,823
1,103,279
11,592,102

5,725,164
1,446,233
151,541
862,759
8,185,697
Upto Feb-16

Mar-16

Rupees

Rupees

42,432,137
127,500
34,570

42,594,207
Upto Feb-16

2014
Rupees

Rupees
-

22,112,714

364,460
6,166,857
176,000
48,000
802,200
60,275
75,297
161,500
925,095
34,000
48,285
182,510
614,612
751,799
140,434

5,498,536
5,498,536
Mar-16
Rupees

2,690,818
52,354
950,011
14,000
442,150
2,880
180,323
10,471
66,730
87,141
110,190
25,436

(5,405,694) Up
(5,405,694)

157,097
29,837
274,169
6,633
17,644
1,436
37,912
137,125
4,540
7,635
513,869
167,000

1,665
104,090
36,900
22,865
90,571
-

23,909

4,216

34,042,844

4,892,811

3,796,085
21,778,392
(3,461,763)

2,859,950
(169,132)

22,112,714

2,690,818

Upto Feb-16
Rupees

2014
Rupees
-

1,400,000
1,625,428
63,600
68,886
140,512
164,696
719,690
14,000
282,862
617,057
110,734
22,116
197,440
101,500
50,630
123,456
7,900
34,000
2,714
94,701

Mar-16
Rupees

110,285
8,400
9,420
63,250
27,260
3,000
37,118
47,501
12,408
16,905
27,450
1,600
10,300
1,900
500
380
11,813

10,000
46,840
12,000
76,667
710
10,568

775

5,998,707

390,265

Upto Feb-16
Rupees

2014
Rupees

Mar-16
Rupees

98,529

98,529

116,672
136,033

31,672
19,252

252,705

50,924

--

40,767

3,000

40,767

3,000

304,120

15,271

304,120

15,271

2015
Opening
Description
Share Capital
Sales
Cost of Sale
Admin Exp.
Trade & Other Payable
Borrow
Bank
Adv
Trade Debt
Stock
Asset
Selling Exp.
Other Income
F Charges
Tax
Revenue Reserve

Dr
44,798,473
9,266,104
417,535
1,698,376
5,846,898
3,796,085
20,686,154
215,625
60,534
490,314
-

87,276,098

2016
Opening
Cr
8,487,177
54,134,946
9,779,525
14,624,585
249,865
-

87,276,098
-

Description
Share Capital
Sales
Cost of Sale
Admin Exp.
Trade & Other Payable
Borrow
Bank
Adv
Trade Debt
Stock
Asset
Selling Exp.
Other Income
F Charges
Tax
Pre. Proft/Loss

2016
Opening
Dr

Cr
8,487,177
48,092,743

38,935,655
6,388,972
9,200,463
16,699,424
662,942
2,346,206
9,035,687
3,630,895
20,875,154
98,529
303,629
43,767
319,391
446,238

82,783,435

82,783,435