Tegest grain milling and seler

FINANCIAL STATEMENT
NEHASE 30,2014

DIRE DAWA
ETHIOPIA
 Tegest grain milling and seler

Balance sheet

As of nehase 30, 2014

Asset employed

Fixed assets(net) 1

Flour mill machin 600,000

Grain and cleaning machin 300,000

Corn grinding machine 500,000

Delivery car 1,000,000

Total fixed asset 2,400,000

Current asset

Cash 2 11,381,680

Total asset 13,781,680

Liabilities

Profite taxs payable 3 294,088

Owners eqity

Tegest capital 4 13,487,592

Liabilitie and owners eqity 13,781,680

 Tegest grain milling and seler

income statement

As of nehase 30, 2014

INCOME

SERVICE revenue 5 450,000

Sales 11,576,400

OTHER INCOME -

TOTALE INCOME 12,026,400

Cost f goods sold (10,590,000)

Grosse profit 1436400

EXPENSES

Operating expense 6

 Wage expense 258,000

 Depreciation expense 16,000
 Utilities expenses 75600
 Mis expenses 15120
 Rent expenses 180000

Totale perating expense (544,720)

profite before tax 891680

Profit tax payable 294088

Net profit 597,592

 Tegest grain milling and seler

Statemenet of owners equity

As of nehase 30, 2014

tegest capital,nehase 30,2013…………………………………… 12,999,000

Additional investment during the year ………………………………… -

Net income(loss )for the year …………………… 597592

Withdrawals …………………………… (100,000)

increase in owners equity 497,592

tegest capital,nehase 30,2014……………………………. 13,487,592

 Tegest grain milling and seler

statement of cash flows

As of nehase 30, 2014

 Cash flows from operating activities

⁻ Cash received from customers 12,026,400
⁻ Deduct cash payments for expenses (544,720)

Net cash flow from operating activities 11,481,680

 Cash flow from investing activities 0

 Cash flow from financing activities
⁻ Cash received as owners investment 0
⁻ Deduct cash withdrawals by owner ( 100,000)

Net cash flow from financing activities (100,000)

Net cash flow and nehase 30,2014 cash balance 11,381,680