MANAGEMENT ACCOUNT

WENANG EMAS SDN BHD

INCOME STATEMENT FROM 31ST OCTOBER, 2007 UNTIL 31ST JULY, 2008

RM RM
Income :
Turnover :
- Sales 26,162,192.00

Other Income
Hire Purchase Commission 395,600.00

26,557,792.00

Less: Cost of Sales

Purchases of vehicle 26,607,277.20

Closing stock 1,699,659.60

24,907,617.60

Gross Profit 1,650,174.40

Less: Expenses
Rental 94,900.00
Utility (Electricity & Water) 14,708.00
Salaries 159,850.00
EPF & SOCSO 119,431.00
Salesman Commission 326,699.00
Professional & Audit Fee 18,207.00
Sale Expenses 110,359.00
Broker Fee 107,992.00
Discount Allowed 15,318.00
Telephone 9,328.00
Medical Expenses 1,317.00
Transportation & Maintenance 24,318.00
Printing & Stationeries 22,464.00
Uniform 4,300.00
General Expenses 11,775.00
Depreciation 18,750.00

Financing charges (COF)

Bank Charges 77,783.00
Bank Charges - Floor Plan 1,605.00 1,139,104.00

Net Profit Before Tax 511,070.40

LY, 2008

3,399,319.20
 Month 0 1 2
Pre-Operating Oct-07 Nov-07

Income :
Turnover :
- Sales 410,765 2,085,415

Other Income
Hire Purchase Commission 5,400 31,400
Insurance Commission - -

- 416,165 2,116,815

Less: Cost of Sales (94%)

Purchases of vehicle - 393,310 2,017,612

Gross Profit (6%) - 22,855 99,203

Less: Expenses
Rental - 10,000
Utility (Electricity & Water) - 40
Salaries 2,685 9,685
EPF & SOCSO - 2,709
Salesman Commission - 7,401
Accounting & Advisory Fee - -
Professional & Audit Fee 5,000 7,810
Secretarial Fee - -
Sale Expenses 400 12,033
Broker Fee - 2,501
Discount Allowed - 1,550
Telephone - -
Medical Expenses - 19
Transportation & Maintenance 4,532 4,475
Printing & Stationeries 2,700 4,469
Management Fee 5,000 5,000
Uniform - -
General Expenses - -
Depreciation 1,875 1,875

Financing charges (COF)

Bank Charges 65 4,306
Bank Charges - Floor Plan - -

Sub total - 22,257 73,873

Net Profit / (Loss ) Before Tax - 598 25,330
Less : Tax (28%) - (167) (7,092)
Net Profit / (Loss) After Tax - 431 18,238
Accumulated Profit / (Loss) After Tax - 431 18,668

0.1% 0.9%
 3 4 5 6 7 8
Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08

2,212,768 2,536,254 2,671,881 2,840,511 3,048,785 3,349,905

36,000 39,000 36,600 42,000 45,000 49,200

- - - - - -

2,248,768 2,575,254 2,708,481 2,882,511 3,093,785 3,399,105

2,121,407 2,490,361 2,846,633 2,364,135 2,860,124 3,082,782

127,361 84,893 (138,152) 518,376 233,661 316,323

20,000 700 21,400 - 10,700 10,700

1,788 2,152 1,769 1,111 1,212 1,212
30,685 16,685 16,685 16,685 16,685 16,685
6,090 14,567 15,455 15,440 15,715 16,100
51,626 28,080 32,607 35,197 37,697 41,197
- - - - - -
- 2,923 540 1,934 - -
- - - - - -
15,769 3,545 26,466 6,917 9,818 10,120
8,298 10,466 10,976 14,911 15,210 15,210
3,468 700 - - - 3,500
1,039 735 2,494 - 1,265 1,265
381 69 368 - 120 120
6,322 10,090 9,213 14,502 10,546 15,546
5,294 824 4,563 370 2,561 561
5,000 5,000 100 100 100 100
4,300 - - - - -
380 601 2,094 3,684 1,254 1,254
1,875 1,875 1,875 1,875 1,875 1,875

2,541 4,871 1,000 1,000 1,000 1,000

- - - 321 321 321

164,856 103,883 147,605 114,047 126,079 136,766

 (37,495) (18,990) (285,757) 404,329 107,582 179,557
10,499 5,317 80,012 (113,212) (30,123) (50,276)
(26,996) (13,673) (205,745) 291,117 77,459 129,281
(8,328) (22,001) (227,746) 63,371 140,830 270,111

-1.2% -0.5% -7.6% 10.1% 2.5% 3.8%

 9 10
Jun-08 Jul-08

3,398,817 3,607,091 26,162,192

-
-
54,000 57,000 395,600
- - -
-
3,452,817 3,664,091 26,557,792
-
-
-
3,148,502 3,394,492 24,719,358
-
304,315 269,599 1,838,434
-
-
10,700 10,700 94,900
1,212 1,212 11,708
16,685 16,685 159,850
16,540 16,815 119,431
45,197 47,697 326,699
- - -
- - 18,207
- - -
12,141 13,150 110,359
15,210 15,210 107,992
2,100 4,000 15,318
1,265 1,265 9,328
120 120 1,317
8,546 8,546 92,318
561 561 22,464
100 100 20,600
- - 4,300
1,254 1,254 11,775
1,875 1,875 18,750
-
-
1,000 1,000 17,783
321 321 1,605
-
134,827 140,511 1,164,704
 -
169,488 129,088 673,730
(47,457) (36,145) (188,644)
122,031 92,943 485,086
392,142 485,086 1,112,563

3.5% 2.5%
 MANAGEMENT ACCOUNT
WENANG EMAS SDN BHD
INCOME STATEMENT FROM 31ST OCTOBER, 2007 UNTIL 31ST JULY, 2008

RM RM
Income :
Turnover :
- Sales 26,162,192.00

Other Income
Hire Purchase Commission 395,600.00

26,557,792.00

Less: Cost of Sales

Purchases of vehicle 23,207,958.00

Closing stock 1,699,659.60

24,907,617.60

Gross Profit 1,650,174.40

Less: Expenses
Rental 94,900.00
Utility (Electricity & Water) 14,708.00
Salaries 159,850.00
EPF & SOCSO 119,431.00
Salesman Commission 326,699.00
Professional & Audit Fee 18,207.00
Sale Expenses 110,359.00
Broker Fee 107,992.00
Discount Allowed 15,318.00
Telephone 9,328.00
Medical Expenses 1,317.00
Transportation & Maintenance 24,318.00
Printing & Stationeries 22,464.00
Uniform 4,300.00
General Expenses 11,775.00
Depreciation 18,750.00

Financing charges (COF)

Bank Charges 77,783.00
Bank Charges - Floor Plan 1,605.00 1,139,104.00

Net Profit Before Tax 511,070.40

LY, 2008
 WENANG EMAS SDN BHD 2008
BALANCE SHEET AS AT 31/07/2008

31/07/2008
RM

FIXED ASSETS

FURNITURE & FITTING 1,822.00

OFFICE EQUIPMENT 16,240.00
RENOVATION 130,000.00
MOTOR VEHICLE 168,400.00
316,462.00

CURRENT ASSETS

TRADE DEBTOR 1,177,692.87

STOCK 1,699,659.60
BANK 8,002.21
DEPOSIT 32,000.00
OTHER DEBTOR 329,928.29

3,247,282.97

CURRENT LIABILITIES

BANK 1,702,674.57

1,702,674.57

NET CURRENT ASSETS

1,544,608.40
1,861,070.40

FINANCED BY
CAPITAL

CAPITAL 1,350,000.00
RETAINED EARNING 511,070.40
1,861,070.40
1,861,070.40
-