Gold Eagle Forklift Enterprise (M) Sdn Bhd - AWP - 31.08.2022 (03.05.2023)

Client name: GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.
Year ended: 31.08.2022
REVIEW NOTES
1 F2 FA ADDITION - RENOVATION ANY SUPPORTING DOC/DETAILS?

PLEASE COMPLETE THE WORKDONE - CHECK TO CASH/BANK PAYMENT
F3/F4 DEPRECIATION - SHOULD DIVIDE BY 16 MONTHS NOT 12 MONTHS
2 K3 AGING REPORT AWP OR (SCAN DOCUMENT OR MANAGEMENT ACCOUNT - HARDCOPY IS THE LATEST V
3 K6 Please provide document K6-a and tenancy agreement

To request tenancy agreement for K6-b
4 R3-5 Please provide IC Lee Cherng Khong

Tan Lian Ho
Fong Jun Pin
Ahmad Farhan Ahmad Razai
5 R3-8 To reclass to staff welfare? R3-8 - Buy new year stuff for worker (Lokan and others)
6 R3-16 Adjust (R3-16a) INV-2006/007 SQL module software to Fixed asset?

Please provide invoice - Preparation of purchase MV resolution
7 R3-17 Rental of factory why monthly rental different?
8 R3-19 To request document R3-19g
9 R3-24 Breakdown details for (Public bank)
10 R3-36 Please provide IC

/BANK PAYMENT
GEMENT ACCOUNT - HARDCOPY IS THE LATEST VERSION?)
uff for worker (Lokan and others) 154
Fixed asset? 600

Reclass to secretarial fee? 230
32500
590
Reply
Renovation no inv, its PV, hired those personal to touch up in factory.

Updated.
Adjusted to 16 mths.
Yes, its latest and its same as K3. PDF was direct generated from system, then K3 was export into excel, I had sorted in sequ
K6-a - adjusted into other debtor, refer to the Note 1 in K6.

No tenancy agreement, only PV voucher, had checked with client before, no agreement prepare.
No IC No, had asked from them, she also dun have it, she said will try contact and get it.
Updated, refer R3-5.
Adjusted, refer RJE 3
Adjusted, refer AJE 6

Adjusted, refer RJE 2
Due to MCO period and there was discounted given, then in month of Jul 2022 onwards, then rental was increased up to RM
Adjusted AJE 7 for Aug 2022 paid in 02.09.2022.
Wrongly putting the ref, however, it had requested from cleint, waiting her to give.
Pending from client
Pending from client

into excel, I had sorted in sequence A to Z, so you thought its different.
n rental was increased up to RM4,500 per mth.

Disclosure
Client : GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Prepared by : SNC 28/03/2023
Period : 31.08.2022 Reviewed by : WLL
Subject : Disclosure - Related Party Transactions
<-----------Adjustment---------> Adjusted @
w/p ref. 31.08.2022 DR CR 31.08.2022 31.08.2021
RM RM RM RM RM Variance
RM'000
Trade debtor
Goldeagle Forklift Sdn Bhd 30,853.18 30,853.18 {a} - 31
30,853.18 30,853.18 -
Other debtor
22,500.00 22,500.00 -
Trade creditor
13,175.78 13,175.78 -
Sales
25,200.18 25,200.18 -
Other income
Goldeagle Forklift Sdn Bhd - Admin Fee 10,500.00 10,500.00 {a} - 11
Goldeagle Forklift Sdn Bhd - Rental of equipment 11,998.00 11,998.00 {a} - 12
Goldeagle Forklift Sdn Bhd - Rental of factory 15,750.00 15,750.00 {a} - 16
38,248.00 38,248.00 -
Purchase
13,175.78 13,175.78 -
Work Done
{a} Agreed to GL@31.12.2022
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.
BALANCE SHEET AS AT Prepared by: Reviewed by: Schedule
31ST AUGUST 2022 SNC WLL
12.01.2022 A3-1
As per
General Adjustment 2022
2021 Description SCH Ledger Dr Cr Final
Shareholders' equity
1,000.00 Issued capital C 1,000.00 1,000.00
145,271.86 Unappropriated loss/profit A3-2 324,794.52 AJE 1 6,500.00 AJE 6 - 225,459.22

AJE 2 5,455.05 AJE 8 1,500.00
AJE 3 56,125.71 AJE 9 748.00
AJE 4 2,800.00
AJE 5 21,702.54
AJE 7 9,000.00
146,271.86 325,794.52 226,459.22
Non Current Liabilities
- Deferred revenue O1 - -
150,633.19 Hire purchase creditor N - AJE 2 5,455.05 5,455.05
- Bank borrowing Q 212,309.49 212,309.49
- Deferred tax liabilties E - - - -
296,905.05 538,104.01 444,223.76
248,454.46 Fixed Assets F 266,768.46 AJE 6 - AJE 3 56,125.71 207,842.75

AJE 4 2,800.00
- Investment in Jointly-Controlled Entity I 500.00 500.00
Current Assets
305,725.00 Inventories J 790,988.00 790,988.00
258,986.00 Trade receivables K 665,979.18 665,979.18
17,400.00 Other receivables & deposits K6 55,048.96 AJE 8 1,500.00 56,548.96
261,361.81 Cash & bank balances L 410,973.45 410,973.45
843,472.81 1,922,989.59 1,924,489.59
Current Liabilities
391,533.10 Trade payables M 1,125,804.54 1,125,804.54
120,512.30 Other payables and accrued expenses M4 72,837.60 AJE 1 6,500.00 88,337.60
AJE 7 9,000.00
207,985.59 Amount owing to directors M6 271,403.47 271,403.47
- Deferred revenue O1 - -
42,880.95 Hire purchase creditor N 145,178.14 145,178.14
- Bank borrowing Q 40,682.29 40,682.29
32,110.28 Tax liability S (3,752.00) AJE 9 748.00 AJE 5 21,702.54 17,202.54
795,022.22 1,652,154.04 1,688,608.58
48,450.59 Net Current Assets 270,835.55 235,881.01
296,905.05 NET ASSETS 538,104.01 103,831.30 103,831.30 444,223.76
- (0.00) (0.00)
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.
INCOME STATEMENT FOR THE YEAR ENDED Prepared by: Reviewed by: Schedule
31ST AUGUST 2022 SNC WLL
12.01.2022 0 A3-2
As per
General Adjustment 2022
2021 Description SCH Ledger Dr Cr Final
2,218,107.70 Revenue R1 2,871,200.30 RJE 5 2,984.32 2,874,184.62
(1,365,338.12) Cost of sales (2,094,197.02) RJE 5 27,852.26 (2,122,049.28)
852,769.58 Gross profit 777,003.28 752,135.34
- Other Income 13,380.06 RJE 5 24,867.94 38,248.00
852,769.58 790,383.34 790,383.34
(345,107.20) Director remuneration R3-1 (256,602.20) RJE 1 106,355.10 RJE 1 73,984.20 (288,973.10)
(132,257.80) Staff costs R3-1 (194,236.50) RJE 1 32,370.90 (161,865.60)
(34,073.94) Depreciation R3-1 - AJE 3 56,125.71 (56,125.71)
(159,982.36) Administrative expenses R3-1 (157,030.20) AJE 1 6,500.00 AJE 6 - (173,830.20)
AJE 4 2,800.00 AJE 8 1,500.00
AJE 7 9,000.00
(3,966.14) Finance cost (2,991.78) AJE 2 5,455.05 (8,446.83)
177,382.14 Profit before taxation 179,522.66 101,141.90
Income tax expense

(32,110.28) - Current S1 - AJE 5 21,702.54 (21,702.54)
- - Deferred - - - -
(Under)/Over provision in prior years
- - Current S1 - AJE 9 748.00 748.00
- - Deferred - -
-
145,271.86 Profit after taxation 179,522.66 80,187.36
- Retained profit/Accummulated losses b/f TB 145,271.86 145,271.86
145,271.86 Accummulated losses/Retained profit c/f 324,794.52 235,790.66 136,455.36 225,459.22

Subject : Audit Journal Entry
w/p ref Dr Cr
RM RM
AJE 1 P/L - Auditor's remuneration 5,500.00

P/L - Tax computation fee 1,000.00
B/S- Accrual 6,500.00
(Being accrued auditor's remuneration for the year.)
AJE 2 P/L - Hire purchase Interest 5,455.05

B/S - HP Interest In Suspense - VEW 5520 1,062.22
B/S - HP Interest In Suspense - VFW 8378 4,392.83
(Being hire purchase interest undertaken in account, now adjusted)
AJE 3 P/L - Depreciation of fixed asset 56,125.71

B/S- Fixed asset - accumulated depreciation 56,125.71
(Being depreciation of fixed asset under taken in account)
COMPUTER & SOFTWARE 689.12

FURNITURE & FITTINGS 60.00
OFFICE EQUIPMENT 569.90
MOTOR VEHICLE 52,681.68
RENOVATION 2,125.01
56,125.71
AJE 4 P/L - Upkeep of motor vehicle 2,800.00

B/S- Fixed asset - Motor vehicle 2,800.00
(Being wrongly taken in account, now adjusted)
AJE 5 P/L - Taxation 21,702.54

B/S - Current tax liabilities 21,702.54
(Being provision of current tax liability for the year, now adjusted.)
AJE 6 B/S - Computer and software

P/L - Professional fee
(Being asset wrongly recognised in account, now adjusted.)
AJE 7 P/L - Rental 9,000.00

B/S - Accrued 9,000.00
(Being Jul and Aug 2022 rental undertaken in account, now adjusted.)
AJE 8 B/S - Deposit 1,500.00

P/L - Rental of hostel 1,500.00
(Being deposit of staff hostel wrongly taken in account, now adjusted.)
AJE 9 B/S - Current tax liabilities 748.00

P/L - Taxation - Over provision in prior year 748.00
(Being over provision of taxation for prior year, now adjusted.)
AJE 10 P/L - Professional fee 150.00

P/L - Rental 150.00
(Being adjustment for tenancy agreement fee wrongly recognised in account, now adjusted.)
103,981.30 103,981.30
We hereby approved the above adjustment journal entries

Lee Ying Seong Loh Loon Lee
Director Director
Dated :-
Subject : Reclassification Journal Entry
w/p ref Dr Cr
RM RM
RJE 1 P/L - Director's remuneration - Director's Fee 74,000.00

P/L - Director's remuneration - Director's EPF 30,480.00
P/L - Director's remuneration - Director's Socso 1,657.20
P/L - Director's remuneration - Director's EIS 189.60
P/L - Staff costs - Salary 28.30
P/L - Staff costs - EPF 30,480.00
P/L - Staff costs - Socso 1,649.20
P/L - Staff costs - EIS 241.70
P/L - Director's remuneration - Director's Salary 73,984.20
P/L - Staff costs - Wages -
(Being reclassification of account.)
RJE 2 P/L - Secretarial fee and related expenses 600.00

P/L - Professional fee 600.00
RJE 3 P/L - Staff welfare

P/L - Factory expenses
RJE 4 P/L - Road tax and insurance 131.15

P/L - Insurance 131.15
RJE 5 P/L - Cost - Subcontractor 27,852.26

P/L - Other income - Sales 2,984.32
P/L - Other income - Subcontractor fee 24,867.94
RJE 6 P/L - Director's remuneration - Director's Allowance 6,600.00

P/L - Director's remuneration - Director's Fee 6,600.00
RJE 7 B/S - Hire purchase - current portion 106,365.43

B/S - Hire purchase - non-current portion 106,365.43
247,903.94 247,903.94
We hereby approved the above adjustment journal entries

Lee Ying Seong Loh Loon Lee
Director Director
Dated :-
C
Client : GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN.201201020756 1367104-M {g} {g} {a} Prepared by : SNC 28/03/2023
Subject : Share Capital
Date of incorporation 05.05.2021 {a}{e}

Date of commencement 05.05.2021
2022 2021
RM RM
Authorised Share Capital of RM1 Each

400,000 Ordinary Shares of RM1 each - -
Issued during the year - -
- - {a}
Issued and Fully Paid

Ordinary Shares of RM1 each
At beginning of the year 1,000 1,000
Created during the year - -
Balance at end of year 1,000 1,000 {a}
TB
Register of Directors and Date of Date of Balance @ Balance @

Directors' Shareholdings appointment resignation 05.05.2021 Addition Disposal 31.08.2022
Lee Ying Seong First Director 500.00 - - 500.00 {a} {b} {c} {e} {f} {j} {h}
(NRIC: 810311-14-5405) CA-2
Loh Loon Lee First Director 500.00 - - 500.00

(NRIC: 760909-04-5131) CB-2
1,000.00 - - 1,000.00
Register of Managers
N/A
Date of Date of
Register of Secretaries appointment resignation
Joraina Bt Jauhari (MIA 28665) 05.05.2021 {d} {e} {g}
(NRIC: 790207-04-5310)
E Management Solutions (201003053066) (001934651-K)
Lot 2-1-41, First Floor Wisma Rampai,
Jalan 34/26,
Rampai Town Centre,
53300 Kuala Lumpur.
Lot 2-1-33, First Floor Wisma Rampai, 05.04.2022

Jalan 34/26, changed of registered office
Rampai Town Centre,
53300 Kuala Lumpur.
Tel: 03-4142 1134
Email: ems168@hotmail.com
Registered Office
Lot 2-1-41, First Floor Wisma Rampai, 05.05.2021
Jalan 34/26,
Rampai Town Centre,
53300 Kuala Lumpur.
Lot 2-1-33, First Floor Wisma Rampai, 05.04.2022 {d} {h}

Jalan 34/26, changed of registered office
Rampai Town Centre,
53300 Kuala Lumpur.
Principal Place of Business

A-12, Taman Nanyang, {f}
Jinjang Utara,
52000 Kuala Lumpur.
Work Done
{a} Agreed to Memorandum & Articles of Association.
{b} Agreed to register of members.
{c} Agreed to register of directors and register of directors' shareholdings.
{d} Agreed to register of secretaries.
{e} Agreed to Form 9
{f} Agreed to Section 68 dated 08.06.2022.
{g} Agreed to Section 58 & 236(2) dated 05.05.2021.
Findings
No material exceptions noted.
Conclusion
Based on the work done, I am of the opinion that share capital as at 31.08.2022 is fairly stated.
E
Subject: Deferred taxation
Balance as at <-----------Adjustment---------> Adjusted @

w/p ref. 31.08.2022 DR CR 31.08.2022 31.08.2021
RM RM RM RM RM Variance
RM'000
Balance at beginning of year TB - - -
Transferred to P/L a/c - - - - -
Balance as end of year - - - 0
Findings
Conclusion
Based on the work done, I am of the opinion that defered tax liabilities as at 31.08.2022 is fairly stated.
E1
Subject: Computation of Deferred Taxation
<----------------------- YA 2022 ---------------------> <--------------- YA 2021 --------------->

Timing Timing
Per a/c Per tax differences @ 17% Per a/c Per tax differences @ 17% Movement Movement
BS PL
Fixed assets
Cost E3 276,792 143,669 S4 267,028 76,454
NBV / TWDV (189,012) (58,577) (233,248) (44,962)
Acc dep / CA claimed 87,781 85,092 2,689 457 33,780 31,492 2,288 388.99 68
Unabsorbed Business Loss c/f - - - - - - - - -
Unabsorbed Capital Allowance c/f - - - - - - - - -
457 389 - 68
Balance b/f - As per Sch E3 2,545

-
- Difference - (2,477)
457.11
457.11
Deferred tax assets uncertainty, Immaterial
suggest to leave
E2
Subject: Summary of Qualifying and Non-Qualifying Expenditure
<--------- Bal @ 31.08.2021 ----------> <----------- Additions ------------> <------- Disposal ------> <-------- Bal @ 31.08.2022 -------->
Cost QE NQE Total QE NQE Total QE NQE Total QE NQE Total
Computer and software 600 - 600 9,245 - 9,245 - - - 9,845 - 9,845

Furniture and fittings 600 - 600 - - - - - - 600 - 600
Office equipment 2,420 - 2,420 519 - 519 - - - 2,939 - 2,939
Motor vehicle 263,408 - 263,408 - - - - - - 263,408 - 263,408
Renovation - 15,500 15,500 - 5,750 5,750 - - - - 21,250 21,250
- - - -
267,028 15,500 282,528 9,764 5,750 15,514 - - - 276,792 21,250 298,042
E1 E1
<--------- Bal @ 31.08.2021 ----------> <----------- Additions ------------> <------- Disposal ------> <-------- Bal @ 31.08.2022 -------->
Accumulated depreciation QE NQE Total QE NQE Total QE NQE Total QE NQE Total
Computer and software 56 - 56 689 - 689 - - - 745 - 745
Furniture and fittings 15 - 15 60 - 60 - - - 75 - 75
Office equipment 193 - 193 570 - 570 - - - 763 - 763
Motor vehicle 33,516 - 33,516 52,682 - 52,682 - - - 86,197 - 86,197
Renovation - 294 294 2,125 2,125 - - - - 2,419 2,419
33,780 294 34,074 54,001 2,125 56,126 - - - 87,781 2,419 90,200

E3 E3 -
NBV 233,248 15,206 248,454 189,012 18,831 207,843

E1 E1
E3
Subject: AND RECONCILIATION OF EFFECTIVE AND STATUTORY TAX RATES
BASIC PERIOD : 05.05.2021 - 31.08.2022 17% TAX EFFECT OF

PER PER TIMING DIFFERENCES
TAX ACCOUNT CURRENT NON CURRENT
Pre-tax accounting income (profit) S-2 101,142 101,142
Timing difference :
Depreciation of fixed assets (tax-qualifying) E2 54,001 9,180

Capital allowances (initial plus annual) S-2 (39,030) (6,635)
Gain on disposal of fixed assets - -
Balancing allowance - -
Unabsorbed CA b/f - -
Unabsorbed CA c/f - -
Unabsorbed business loss b/f - -
Unabsorbed business loss c/f - -
E2 2,545
% Per tax
Accounting
Income
Permanent differences (PD)) :
Depreciation of non qualifying capital expenditure E2 2,125

Clawk back on capital allowance disposal within 2 years -
Dividend received (tax exempt) - 11,549 1,963 2%
Fixed deposit interest received -
Unrealised gain on foreign exchange (trade) -
Interest restricted -
Loss on disposal of fixed assets -
Entertainment 1,014
Gift and donation 2,500
Penalty 75
Processing fee 4,145
Rental 150
Road tax and insurance 310
Tax filing fee 1,230
Income subject to tax 127,662 112,691
Income tax @ 17% thereon 21,702 19,157
2,545
Add (less) other differences:
Excess profits tax
Loss (gain) on translation
Current statutory tax expense
Total tax expense ( on deferred tax basis) 19,157 19%

Expected tax expense @ 17% on pre-tax accounting income 17,194 17% accounting income
Tax effects of permanent and other differences
1,963 2%
F
Subject : Fixed assets
Balance as at <-------------- Adjustment --------------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
RM RM RM RM RM RM'000
Fixed assets F1 266,768.46 AJE 6 - AJE 3 56,125.71 207,842.75 248,454.46 (41)

AJE 4 2,800.00
266,768.46 - 58,925.71 207,842.75 248,454.46
Variance explanation
The decrease in plant and equipment was mainly due:-

The depreciation of fixed assets .
Findings
Conclusion
Based on the work done, I am of the opinion that fixed assets as at 31.08.2022 is fairly stated.
F1
Subject : Fixed Assets Summary
Balance as at Balance as at <------- Adjustment --------> Adjusted bal NBV as at

Cost 01.09.2021 Additions Disposal 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM RM RM RM
Computer and software 600.00 9,245.00 - 9,845.00 TB - - 9,845.00 543.75

Furniture and fittings 600.00 - - 600.00 TB - - 600.00 585.00
Office equipment 2,420.00 519.00 - 2,939.00 TB - - 2,939.00 2,226.62
Motor vehicle 263,408.40 2,800.00 - 266,208.40 TB - 2,800.00 263,408.40 229,892.85
Renovation 15,500.00 5,750.00 - 21,250.00 TB - - 21,250.00 15,206.24
282,528.40 18,314.00 - 300,842.40 - 2,800.00 298,042.40 248,454.46

E2 / F3 F2/F3 F4 E2 / F3 F
Balance as at Depreciation Balance as at <------- Adjustment --------> Adjusted bal NBV as at

Accumulated depreciation 01.09.2021 Charges Disposal 31.08.2022 Dr Cr 31.08.2022 31.08.2022
RM RM RM RM RM RM RM RM
Computer and software 56.25 - - 56.25 TB - AJE 3 689.12 745.37 9,099.63

Furniture and fittings 15.00 - - 15.00 TB - AJE 3 60.00 75.00 525.00
Office equipment 193.38 - - 193.38 TB - AJE 3 569.90 763.28 2,175.72
Motor vehicle 33,515.55 - - 33,515.55 TB - AJE 3 52,681.68 86,197.23 177,211.17
Renovation 293.76 - - 293.76 TB - AJE 3 2,125.01 2,418.77 18,831.23
34,073.94 - - 34,073.94 - 56,125.71 90,199.65 207,842.75

E2 F3 F4 E2 F
F2
Subject : Fixed Assets - Addition Test
Invoices Payment Voucher

Descriptions Amount No. Date Amount Cash/ Date Amount Total Date Work Done
RM RM Cheque No. RM Chq Amt Clearance
Computer and software

1 unit Asus i5-11400 laptop 3,050.00 IM20339-22 03.07.2022 3,050.00 BANK 03.07.2022 3,050.00 3,050.00 03.07.2022 {a} {b} {c}
1 unit HP prodesk 400 G7 Mircotower PC 4,945.00 10018 21.10.2021 4,945.00 BANK 21.10.2021 4,945.00 4,945.00 21.10.2021 {a} {b} {c}
SQL module software 1,250.00 QT2109/023 25.09.2021 1,250.00 BANK 25.09.2021 1,250.00 1,250.00 25.09.2021 {a} {b} {c}
Furniture and fittings
Office equipment
1 unit Huawei router 340.00 4901 16.09.2021 340.00 Cash 16.09.2021 340.00 340.00 16.09.2021 {a} {b} {c}
1 unit Office fan 179.00
2022032710112040202
27.03.2022 179.00 Cash 27.03.2022 179.00 179.00 27.03.2022 {a} {b} {c}
Motor vehicle
Renovation
Swapan - Renovation 5,750.00 02.09.2021 5,750.00 Cash 02.09.2021 5,750.00 5,750.00 02.09.2021 {a} {b} {c}
15,514.00
Amount Tested 15,514.00
Population F1 18,314.00
% Tested 85%
Work Done
{a} Checked to payment voucher and invoice.
{b} Checked posting to cash book and traced clerance to bank statement. If it is not paid, checked posting to other creditors.
{c} Sighted physical existence of property, plant & equipment and ensured that the assets are being used for business operations and are in good working condition.
F3
Subject : Depreciation - Reasonableness test
2022
Cost as at Fully Disposal Depreciation Depreciation Addition Depreciation No. of Disposal Depreciation No. of Depreciation Total Depreciation
01.09.2021 Depreciation rate charge during the year rate Months (Sep-Aug'22) rate Months charge Charges
RM RM RM RM RM RM
(A) (B) (C) = (A)x(B) (D) (E) (F) (G) (H) (I) (J) =[ (D)x(E)x(F)/12] (C) + (G)
+ [(G)x(H)x(I)/12]
Computer and software

SQL module software 600.00 - - 10% 60.00 - 10% 0 - 10% - - 60.00
SQL module software 10% - 1,250.00 10% 12 - 10% - 125.00 125.00
1 unit HP prodesk 400 G7 Mircotower PC 10% - 4,945.00 10% 11 - 10% - 453.29 453.29
1 unit Asus i5-11400 laptop - - - 10% - 3,050.00 10% 2 - 10% - 50.83 50.83
Furniture and fittings

Second hand furniture 600.00 - - 10% 60.00 - 10% 0 - 10% - - 60.00
Office equipment
1 unit Water cooler 1,800.00 - - 20% 360.00 - 20% 0 - 20% - - 360.00
1 unit Okyo time recorder machine 390.00 - - 20% 78.00 - 20% 0 - 20% - - 78.00
1 unit Stand fan 230.00 - - 20% 46.00 - 20% 0 - 20% - - 46.00
1 unit Huawei router - - - 20% - 340.00 20% 12 - 20% - 68.00 68.00
1 unit Office fan - - - 20% - 179.00 20% 6 - 20% - 17.90 17.90
Motor vehicle
Triton VGT - VEW 5520 119,626.40 - - 20% 23,925.28 - 20% 0 - 20% - - 23,925.28
Toyota Hilux - VFW 8378 143,782.00 - - 20% 28,756.40 - 20% 0 - 20% - - 28,756.40
Renovation
Ng Chin Chai - Renovation 10,500.00 - - 10% 1,050.00 - 10% 0 - 10% - - 1,050.00
Swapan - Renovation 5,000.00 - - 10% 500.00 - 10% 0 - 10% - - 500.00
Swapan - Renovation - - - 10% - 5,750.00 10% 12 - 10% - 575.00 575.00
282,528.40 0.00 0.00 15,514.00 - Per Auditor 56,125.71

F1 F2
Per client F1 -
-
-
56,125.71 #DIV/0!
56,125.71 AJE 3 (Being depreciation of fixed assets under taken in account.)
(0.00)
F4
Subject: Property, Plant and Equipment - Schedule
COST ACCUMULATED DEPRECIATION NET BOOK VALUE

ACCOUNT DATE OF DEP
DESCRIPTIOIN Wp Ref. B/F ADDITION DISPOSAL C/F B/F ADDITION DISPOSAL C/F 2022 2021
NO ACQUISITION RATE Wp Ref. Wp Ref. Wp Ref.
(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)
COMPUTER AND SOFTWAR 200-200

SQL module software 04.06.2021 10% 600.00 - - 600.00 56.25 60.00 116.25 483.75 543.75
SQL module software 25.09.2021 10% F4-2c - 1,250.00 - 1,250.00 - 125.00 125.00 1,125.00 -
1 unit HP prodesk 400 G7 Mircotower PC 21.10.2021 10% F4-2b - 4,945.00 - 4,945.00 - 453.29 453.29 4,491.71 -
1 unit Asus i5-11400 laptop 03.07.2022 10% F4-2b - 3,050.00 - 3,050.00 - 50.83 50.83 2,999.17 -
600.00 9,245.00 - 9,845.00 TB 56.25 TB 689.12 - 745.37 9,099.63 543.75
FURNITURE & FITTINGS 200-200

Second hand furniture 02.05.2022 10% 600.00 - - 600.00 15.00 60.00 75.00 525.00 585.00
600.00 - - 600.00 TB 15.00 TB 60.00 - 75.00 525.00 585.00
OFFICE EQUIPMENT 200-300

1 unit Water cooler 06.02.2022 20% 1,800.00 - - 1,800.00 157.50 360.00 517.50 1,282.50 1,642.50
1 unit Okyo time recorder machine 05.04.2022 20% 390.00 - - 390.00 24.38 78.00 102.38 287.62 365.62
1 unit Stand fan 19.05.2022 20% 230.00 - - 230.00 11.50 46.00 57.50 172.50 218.50
1 unit Huawei router 16.09.2021 20% F4-2a - 340.00 - 340.00 - 68.00 68.00 272.00 -
1 unit Office fan 27.03.2022 20% F4-2a - 179.00 - 179.00 - 17.90 17.90 161.10 -
2,420.00 519.00 - 2,939.00 TB 193.38 TB 569.90 - 763.28 2,175.72 2,226.62
MOTOR VEHICLE 200-100

Triton VGT - VEW 5520 28.07.2021 20% 119,626.40 - 119,626.40 20,934.62 23,925.28 44,859.90 74,766.50 98,691.78
Toyota Hilux - VFW 8378 04.02.2022 20% 143,782.00 - 143,782.00 12,580.93 28,756.40 41,337.33 102,444.67 131,201.07
263,408.40 - - 263,408.40 TB 33,515.55 TB 52,681.68 - 86,197.23 177,211.17 229,892.85
RENOVATION 200-500
Ng Chin Chai - Renovation 29.05.2021 10% 10,500.00 - - 10,500.00 262.50 1,050.00 1,312.50 9,187.50 10,237.50
Swapan - Renovation 21.08.2021 10% 5,000.00 - - 5,000.00 31.25 500.00 531.25 4,468.75 4,968.75
Swapan - Renovation 02.09.2021 10% PV - 5,750.00 - 5,750.00 - 575.00 575.00 5,175.00 -
15,500.00 5,750.00 - 21,250.00 TB 293.76 TB 2,125.01 - 2,418.76 18,831.25 15,206.25
GRAND TOTAL 282,528.40 15,514.00 - 298,042.40 34,073.94 56,125.71 - 90,199.64 207,842.77 248,454.47
AJE 3/R3-27 0.02 0.01
Client : GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.
Period : 31.08.2022
Subject : Investment in Jointly-Controlled Entity
Balance as at
w/p ref 31.08.2022
RM
Investment in Jointly-Controlled Entity

(Goldeagle Forklift Sdn Bhd)(1438194-K)
- Unquoted shares, at cost 500.00

- Share of post-acquisition profit@ 2021/Goodwill -
- Less: Impairment loss on diminution value -
500.00 TB
COMPANY PROFILE
Investment in associate company
Goldeagle Forklift Sdn Bhd (1438194-K)
Date of Incorporation: 12 November 2021
Total Shareholdings: 1,000 units ordinary shares at RM 1 each
Shareholder: 500 units ordinary shares at RM 1 each by Gold Eagle Forklift Enterprise (M) Sdn
Shareholder: 210 units ordinary shares at RM 1 each by Lee Ying Seong
Shareholder: 190 units ordinary shares at RM 1 each by Loh Loon Lee
Shareholder: 100 units ordinary shares at RM 1 each by Ong Sit Kit A/L Azhar
Common Director: Yes - Lee Ying Seong
- Loh Loon Lee
[A]
Mgt Acc @
31-Aug-22
Investment in Associated RM
Cost and share of post acquisition profit 500 95,971.06
{b} {c}
500
{a}{d}
No materials variances noted.
Work done
{a} Agreed to General Ledger for 2022.
{b} Check to management accounts@31 Aug 2022.
{c} Check to Form Section 68 of Company - Goldeagle Forklift Sdn Bhd dated 21.11.2022
{d} Checked to Form Section 14 of Goldeagle Forklift Sdn Bhd
Findings

Conclusion
Based on the work done, I am of the opinion that investment in associates is fairly stated as at 31.08.2022.
I
Prepared by : SNC 28/03/2023
Reviewed by : WLL
<-----------Adjustment---------> Adjusted bal

DR CR 31.08.2022 31.08.2021
RM RM RM RM
500.00 -
- -
- -
500.00 -
50%
21%
19%
10%
Excess/
(develued)
DIFFERENCE
Mgt Acc @ COMPARISON
31-Aug-22 [D]-[A]
50% of sharing-pro RM
47,985.53 47,486
47,486
as at 31.08.2022.
-
Draft
I1
Client : UNIVERSAL ARENA PROPERTY SDN. BHD. Prepared by : SNC 05/12/2022
Subject : Investment in Jointly-Controlled Entity
Balance as at <-----------Adjustment---------> Adjusted bal

w/p ref 31.08.2022 DR CR 31.08.2022 31.08.2021
RM RM RM RM RM
Investment in Jointly-Controlled Entity

- unquoted shares, cost 500.00 500.00 -
- shares of associates post acquisition profit/goodwi - - -
- Less: Impairement loss on diminution value - - -
500.00 TB 500.00 0.00
NOTE
500 units ordinary shares with total consideration of RM 1,000.00
50% shareholdings of Goldeagle Forklift Sdn Bhd (1438194-K)
General nature of business: 100% B4

sharing 50% sharing
Net profit for the financial year (21.11.2021 - 31.08.2022) 95,971.06 47,985.53 {a}{b}{c}{d}
Share of post-acquisition profit

Retained profit/(loss) b/f 0.00 0.00 {a}{b}{c}{d}
0.00 0.00
Net loss for the financial year b/f (01.10.2019 - 30.09.2021) 95,971.06 47,985.53
- unquoted shares, cost 500.00 500.00
96,471.06 48,485.53
Work Done
{b} Check to management accounts@30 Sep 2022.
{c} Check to Form Section 68 of Company - Corak Merdeka Sdn Bhd dated
{d} Checked to Form Section 14 of Corak Merdeka Sdn Bhd
Findings
Conclusion
Based on the work done, I am of the opinion that investment in associates is fairly stated as at 30.09.2022.
J
Subject : Inventories - Lead

w/p ref 31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
At Cost
Finished Goods LOR/J2/J6 790,988.00 TB 790,988.00 305,725.00
Net 790,988.00 790,988.00 w 305,725.00 485

J-a
Variance Explanation
Inventories increased due to purchase increased during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade debtors is fairly stated as at 31.08.2022.
CP Lee & Associates
Client: GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.

Period / Year Ended: 31.08.2022
Subject: Quantity Test
Objective: To test the accuracy of quantity reported in stock listing considering the findings from the confirmatio
Source: Final stock listing as of reporting date
Basis of selection: Saleable stocks
Work steps: For a sample of stock items:-

Stock count listings
Findings
Carrying
Quantity per
Item Description Pages Amount at
Stock Listing
Year End
RM
Finished Goods - Stock code

1 5FG25 - 42064 15,000 1
2 TOYOTA - 6FG25-12307 8,000 1
3 TOYOTA - 6FGL25-10083 22,000 1
4 TOTOTA - 7FG18-10470 19,000 1
5 TOYOTA - 7FGJ35-16985 33,000 1
6 TOYOTA - 7FB25-24455 35,000 1
7 5FD35-20557 50,000 1
8 7FG25-24104 28,000 1
9 4FGL25-22162 16,000 1
10 7FGL18-19684 26,500 1
11 407FG25-32140 29,000 1
12 5FD30-10310 43,000 1
13 6FGL18-14782 13,000 1
14 6FD35-10283 60,000 1
15 7FGJ35-10393 40,000 1
16 7FBR25-10373 26,000 1
17 5FG30-60329 33,000 1
18 6FG18-12620 20,000 1
19 7FG18-20293 20,000 1
20 7FG20-11565 11,500 1
21 6FD30-32028 18,000 1
22 6FD30-30428 10,000 1
23 5FD18-40107 17,000 1
24 NISSAN RGH02-002193 13,000 1
25 5FG25-41769 10,000 1
26 5FD60 40,000 1
27 6FDA50 - 10157 35,000 1
28 7FBR20-10547 32,000 1
29 NISSAN QF02-021056 4,000 1
30 TYT 3FD40 - 10778 10,000 1
31 7FB15-14348 8,500 1
32 Tyres and loose tools 45,488 1
790,988
Total 790,988
100%
TOTAL SAMPLING BASIS 790,988

TOTAL INVENTORIES J1 790,988
Coverage 100%
SL = agree to stock listing

C Confirmation
Ø - Casting checked
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is redu
Ref: L2
Initial Date
Prepared by: SNC 7/2/2022
Reviewed by: WLL
ng the findings from the confirmations (E, A)
Stock counts Quantity

Difference Unit Cost
listing Variance
RM RM
1 15,000.00 -
1 8,000.00 -
1 22,000.00 -
1 19,000.00 -
1 33,000.00 -
1 35,000.00 -
1 50,000.00 -
1 28,000.00 -
1 16,000.00 -
1 26,500.00 -
1 29,000.00 -
1 43,000.00 -
1 13,000.00 -
1 60,000.00 -
1 40,000.00 -
1 26,000.00 -
1 33,000.00 -
1 20,000.00 -
1 20,000.00 -
1 11,500.00 -
1 18,000.00 -
1 10,000.00 -
1 17,000.00 -
1 13,000.00 -
1 10,000.00 -
1 40,000.00 -
1 35,000.00 -
1 32,000.00 -
1 4,000.00 -
1 10,000.00 -
1 8,500.00 -
1 45,488.00 -
Total -
sk of material misstatement is reduced to an acceptably low level.

CP Lee & Associates

Subject: Costing Verification
Objective: To verify the unit cost of stocks and assess if there is any needs to write down to realisable value (As
Source: Stock listing as of reporting date
Basis of selection: Salesable stocks
Work steps: Trading goods

(i) check prices to supplier’s invoice.
Findings
Item Description Unit costs Quantity
Qty
Finished Goods
1 5FG25 - 42064 15,000 1
2 TOYOTA - 6FG25-12307 8,000 1
3 TOYOTA - 6FGL25-10083 22,000 1
4 TOTOTA - 7FG18-10470 19,000 1
5 TOYOTA - 7FGJ35-16985 33,000 1
6 TOYOTA - 7FB25-24455 35,000 1
7 5FD35-20557 50,000 1
8 7FG25-24104 28,000 1
9 4FGL25-22162 16,000 1
10 7FGL18-19684 26,500 1
11 407FG25-32140 29,000 1
12 5FD30-10310 43,000 1
13 6FGL18-14782 13,000 1
14 6FD35-10283 60,000 1
15 7FGJ35-10393 40,000 1
16 7FBR25-10373 26,000 1
17 5FG30-60329 33,000 1
18 6FG18-12620 20,000 1
19 7FG18-20293 20,000 1
20 7FG20-11565 11,500 1
21 6FD30-32028 18,000 1
22 6FD30-30428 10,000 1
23 5FD18-40107 17,000 1
24 NISSAN RGH02-002193 13,000 1
25 5FG25-41769 10,000 1
26 5FD60 40,000 1
27 6FDA50 - 10157 35,000 1
28 7FBR20-10547 32,000 1
29 NISSAN QF02-021056 4,000 1
30 TYT 3FD40 - 10778 10,000 1
31 7FB15-14348 8,500 1
32 Tyres and loose tools 45,488 1
Total Difference
Extrapolated to Population
SL Checked to stock listing

SI Checked to sales invoice
CC Computation checked
Based on our audit work steps performed, we conclude that the risk of material misstatement is redu
Conclusion
Ref: L3
Initial Date
Reviewed by: WLL 30/12/1899
rite down to realisable value (Assertion: V)
Supplier invoices
Total
Costs price Difference Per
Unit
RM RM
15,000.00 -
8,000.00 -
22,000.00 -
19,000.00 -
33,000.00 -
35,000.00 -
50,000.00 -
28,000.00 -
16,000.00 -
26,500.00 -
29,000.00 -
43,000.00 -
13,000.00 -
60,000.00 -
40,000.00 -
26,000.00 -
33,000.00 -
20,000.00 -
20,000.00 -
11,500.00 -
18,000.00 -
10,000.00 -
17,000.00 -
13,000.00 -
10,000.00 -
40,000.00 -
35,000.00 -
32,000.00 -
4,000.00 -
10,000.00 -
8,500.00 -
45,488.00 -
al Difference -
rapolated to Population -
of material misstatement is reduced to an acceptably low level.

CP Lee & Associates

Subject: Net Realisable Value / Net Replacement costs Verification
Objective: To test if the inventories are stated at the lower of cost or net realisable value and verify the basis to
Source: Stock listing as of reporting date
Basis of selection: More salesable stocks
Work steps: 1) Review the gross margin export and enquire with the sales manager to identify items whi
margins or those inventories/products that are unlikely to be sold at above cost.
2) For the items identified in step 1, compute average cost of stock item based on the final s
OR
For items selected in step 1, obtain average cost of stock item based on the final stock lis
3) Check to the subsequent sales and ascertain whether the selling price is higher than the
4) For items with selling prices < carrying costs of inventories, ascertain that client has mad
inventories.
Findings
Stock Quantity
Item Description per Stock
Listing
Qty
-
1 5FG25 - 42064 1
2 TOYOTA - 6FG25-12307 1
3 TOYOTA - 6FGL25-10083 1
4 TOTOTA - 7FG18-10470 1
5 TOYOTA - 7FGJ35-16985 1
6 TOYOTA - 7FB25-24455 1
7 5FD35-20557 1
8 7FG25-24104 1
9 4FGL25-22162 1
10 7FGL18-19684 1
11 407FG25-32140 1
12 5FD30-10310 1
13 6FGL18-14782 1
14 6FD35-10283 1
15 7FGJ35-10393 1
16 7FBR25-10373 1
17 5FG30-60329 1
18 6FG18-12620 1
19 7FG18-20293 1
20 7FG20-11565 1
21 6FD30-32028 1
22 6FD30-30428 1
23 5FD18-40107 1
24 NISSAN RGH02-002193 1
25 5FG25-41769 1
26 5FD60 1
27 6FDA50 - 10157 1
28 7FBR20-10547 1
29 NISSAN QF02-021056 1
30 TYT 3FD40 - 10778 1
31 7FB15-14348 1
32 Tyres and loose tools 1
SI Checked to sales invoice
Note To state reasons for items below selling price
Conclusion: Based on the work steps performed, we conclude that the risk of material misstatement is reduced to
able value and verify the basis to derive the net realisable value (V)
les manager to identify items which are slow-moving, generate low/negative gross profit
to be sold at above cost.
of stock item based on the final stock listing (if stocks are valued in FIFO)
k item based on the final stock listing (if stocks are valued on weighted average).
he selling price is higher than the cost of inventories.
es, ascertain that client has made adequate provision to write down the value of the
Selling Price (if

Stock Value none subsequent Customers /
Unit Cost per
per Stock to year end, use Customers / Suppliers name Suppliers
Auditor
Listing latest available Date
sale)
RM RM RM RM
15,000 15,000 15,000 KYODO MACHINERY SDN BHD 27.06.2020

11,500 11,500 11,500 ACWER INDUSTRIAL EQUIPMENT 01.04.2021
18,000 18,000 18,000 SEGAMBUT FORKLIFT 17.08.2020
10,000 10,000 10,000 AMG COATING 05.01.2021
17,000 17,000 17,000 TARCHING MATERIAL 23.10.2021
13,000 13,000 13,000 GR ROGANI ENT 22.11.2021
10,000 10,000 10,000 L & F TIMBER TRADING 31.03.2022
40,000 40,000 40,000 KBL UNIQUE 12.04.2022
35,000 35,000 35,000 KBL UNIQUE 12.04.2022
32,000 32,000 32,000 TK RENTALS 30.07.2022
4,000 4,000 4,000 SUCCESS PRINTING 14.05.2022
10,000 10,000 10,000 PIGAAN LOGAM KUMARAN 26.02.2022
8,500 8,500 8,500 ORIENT BIOTECH 30.11.2021
45,488 45,488 45,488
aterial misstatement is reduced to an acceptable low level.

Ref: L4
Initial Date
Reviewed by: WLL 30/12/1899
NRV >
Adjustment Remarks
Cost?
Y/N RM
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
Y -
-
CP Lee & Associates
Ref: L5
Client: GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Initial Date
Period / Year Ended: 31.08.2022 Prepared by: SNC 7/2/2022
Subject: Review of Obsolete and Slow Moving Inventories Reviewed by: WLL 30/12/1899
Objective: To test if the obsolete and slow moving inventories are identified and written down to their recoverable values (Assertion: V)
Source: Stock ageing report as of reporting date
Basis of selection: More salesable stocks
Work Steps Test the adequacy of management's methods to identify items that are damaged, wholly or partially obsolete, where selling prices have declined
and to make an appropriate allowance (provision): Review and document management's method to establish an allowance.
Discuss with management adequacy of allowance (provision) by going through inventory listing with client. Document specific questions asked and answers obtained
indicating by ticks items of inventories questioned.
Discuss the allowance with management, especially with respect to discontinued lines or changes in technology and demand and engineering change orders, new design,
new models to establish that quantities on hand and on order are not excessive, obsolete or require allowance (provision). Consider the following factors, as applicable,
in developing an independent range of reasonable estimates:
- Market value of specific items that are obsolete, defective, held in quantities excessive in relation to demand, or otherwise devalued
- Inventory turnover
- Trend in gross margins
- Trend in sales e.g., can they sell all the items on hand within a reasonable period. Sight forecasts.
- Trend in quantities on hand
Findings:
Stock Ageing Summary Potential Write Downs / Allowance
Stock Value at Per CH Kok &
Item Description < 180 days > 210 days 360 days Per Client Difference
Year End Associates
RM RM RM RM RM RM RM
Finished Goods
1 3 UNITS OF USED FORKLIFT 95,000 95,000 - - -
2 TOYOTA - 7FD2516334 45,000 45,000 - - -
3 TOYOTA - 5FG2542064 15,000 15,000 - - -
4 TOTOTA - 6FG2512307 8,000 8,000
5 TOYOTA - FD18-45575 7,000 7,000
6 TOYOTA - 8FG2517326 18,000 18,000
7 3FD30-43758 18,000 18,000
8 7FG204Y 9,000 9,000
9 TOYOTA-5FD45 46,000 46,000
10 BATTERY FORKLIFT 40,000 40,000
11 35 UNITS OF AIR FILTERS 4,725 4,725
305,725 305,725 - - - - -
TOTAL 305,725 305,725 - - - - -
Conclusion Based on the work steps performed, we conclude that the risk of material misstatement is reduced to an acceptable low level.
K
Subject : Trade Receivables

Trade debtors K1 / K2 665,979.18 TB 665,979.18 258,986.00
Net 665,979.18 665,979.18 w 258,986.00 407
The increased of trade receivables mainly due to the slow collection from customer during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade debtors is fairly stated as at 31.08.2022.
K1
Subject : Trade debtors circularisation
Balance as at Subsequent
31.08.2022 collection
Name of trade debtor RM RM Cheque No. Date
1 ADABI CONSUMER INDUSTRIES HTO SDN BHD 440.00 440.00 BANK IN 15.09.2022 {a}{b}{c}
2 ASIA BOLTS & NUTS INDUSTRIES SDN BHD 3,770.00 1,885.00 BANK IN 30.09.2022 {a}{b}{c}
970.00 BANK IN 28.10.2022 {a}{b}{c}
915.00 BANK IN 29.11.2022 {a}{b}{c}
3 ASIA BOLTS & NUTS TRADING SDN BHD 610.00 305.00 BANK IN 01.09.2022 {a}{b}{c}
305.00 BANK IN 28.09.2022
4 ABN ASIASTEEL SDN BHD 377.00 377.00 BANK IN 27.10.2022 {a}{b}{c}
5 AH CHENG LAKSA SDN BHD 630.00 630.00 BANK IN 08.09.2022 {a}{b}{c}
6 ARC POWER MARKETING SDN BHD 27,445.00 9,000.00 BANK IN 07.09.2022 {a}{b}{c}
9,445.00 BANK IN 05.10.2022 {a}{b}{c}
9,000.00 BANK IN 03.11.2022 {a}{b}{c}
7 BUN SENG HARDWARE SDN BHD 1,458.00 1,458.00 BANK IN 13.09.2022 {a}{b}{c}
8 BS PET PRODUCTS SDN BHD 702.00 702.00 BANK IN 20.09.2022 {a}{b}{c}
9 BAPAK MARKETING & DISTRIBUTION SDN BHD 2,115.00 2,115.00 BANK IN 26.10.2022 {a}{b}{c}
10 CHIN LAI HARDWARE SDN BHD 11,564.00 11,564.00 BANK IN 20.09.2022 {a}{b}{c}
11 CHOICE APPROACH SDN BHD 6,120.00 6,120.00 BANK IN 26.09.2022 {a}{b}{c}
12 CHIN CHUN HARDWARE SDN BHD 5,645.00 5,645.00 BANK IN 30.09.2022 {a}{b}{c}
13 CVGM PROPERTY SDN BHD 34,000.00 3,000.00 BANK IN 13.09.2022 {a}{b}{c}
3,000.00 BANK IN 21.09.2022 {a}{b}{c}
3,000.00 BANK IN 29.09.2022 {a}{b}{c}
3,000.00 BANK IN 25.10.2022 {a}{b}{c}
6,000.00 BANK IN 23.11.2022 {a}{b}{c}
14 DANFOSS MALAYSIA SDN BHD 410.00 410.00 BANK IN 08.09.2022 {a}{b}{c}
15 DRN MANUFACTURING SDN BHD ( BLACK LIST )( NO 230.00 0.00
16 DAILY FRESH MARINE SUPPLY SDN BHD 568.00 568.00 BANK IN 20.09.2022 {a}{b}{c}
17 ETC SUPPLY SDN BHD 85,626.00 626.00 BANK IN 20.09.2022 {a}{b}{c}
32,055.00 BANK IN 17.11.2022 {a}{b}{c}
28,333.00 BANK IN 15.12.2022 {a}{b}{c}
18 FIFFY SDN BHD 1,790.00 1,790.00 BANK IN 15.09.2022 {a}{b}{c}
19 GANDAHAN SDN BHD 1,663.00 1,663.00 BANK IN 01.11.2022 {a}{b}{c}
20 GLOBAL PLASTIC RESOURCE SDN BHD 14,191.00 14,191.00 BANK IN 09.09.2022 {a}{b}{c}
21 GOTECH STEELWORKS SDN BHD 820.00 820.00 BANK IN 30.09.2022 {a}{b}{c}
22 GROW WELL FRESH DC SDN BHD 3,522.00 2,730.00 BANK IN 01.09.2022 {a}{b}{c}
792.00 BANK IN 15.09.2022 {a}{b}{c}
23 GOLDEAGLE FORKLIFT SDN BHD 30,853.18 5,804.00 BANK IN 17.11.2022 {a}{b}{c}
24 GBC INTERIOR & ENGINEERING SDN BHD 525.00 525.00 BANK IN 13.09.2022 {a}{b}{c}
25 HAGIMAS SDN BHD 1,660.00 1,660.00 BANK IN 07.09.2022 {a}{b}{c}
26 HUP KEE MARKETING SDN BHD 662.00 662.00 BANK IN 14.09.2022 {a}{b}{c}
27 H'NG CONSTRUCTION 250.00 250.00 BANK IN 27.09.2022 {a}{b}{c}

28 HASIL LAUT SEONG KEE SDN BHD 3,198.00 629.00 BANK IN 02.09.2022 {a}{b}{c}
1,828.00 BANK IN 21.09.2022 {a}{b}{c}
741.00 BANK IN 13.10.2022 {a}{b}{c}
29 JY LOGISTIC SDN BHD 1,947.00 1,947.00 BANK IN 06.12.2022 {a}{b}{c}
30 KIM LOONG PAPERS SDN BHD 36,521.00 5,100.00 BANK IN 21.09.2022 {a}{b}{c}
1,867.00 BANK IN 29.09.2022 {a}{b}{c}
2,570.00 BANK IN 29.09.2022 {a}{b}{c}
4,060.00 BANK IN 18.10.2022 {a}{b}{c}
4,199.00 BANK IN 26.10.2022 {a}{b}{c}
4,036.00 BANK IN 26.10.2022 {a}{b}{c}
14,689.00 BANK IN 21.11.2022 {a}{b}{c}
31 KCC FROZEN SDN BHD 1,026.00 1,026.00 BANK IN 15.09.2022 {a}{b}{c}
32 KIN SANG FOOD INDUSTRIES SDN BHD 2,082.00 2,082.00 BANK IN 10.11.2022 {a}{b}{c}
33 KYODO MACHINERY SDN BHD 800.00 800.00 BANK IN 03.10.2022 {a}{b}{c}
34 KUALA LUMPUR PAPER MILLS SDN BHD 1,000.00 1,000.00 BANK IN 20.09.2022 {a}{b}{c}
35 KUM LONG ( BLACK LIST ) ( THIS CUSTOMER NO MO 1,180.00 0.00
36 KLY HARDWARE TRADING 1,198.00 1,198.00 BANK IN 02.11.2022 {a}{b}{c}
37 KYODO MACHINERY SERVICES SDN BHD 3,153.00 2,460.00 BANK IN 03.10.2022 {a}{b}{c}
38 KAJARA MOVERS SDN BHD 200.00 0.00
39 LYE MANUFACTURING 10,340.00 2,205.00 BANK IN 03.10.2022 {a}{b}{c}

1,975.00 BANK IN 31.10.2022 {a}{b}{c}
3,318.00 BANK IN 29.11.2022 {a}{b}{c}
40 LOCK & KEY HARDWARE SDN BHD 11,779.00 1,590.00 BANK IN 22.09.2022 {a}{b}{c}
10,189.00 BANK IN 29.09.2022 {a}{b}{c}
41 LYSEN HARDWARE TRADING SDN BHD 339.00 339.00 BANK IN 26.10.2022 {a}{b}{c}
42 LAVEO LIVING SDN BHD 38,000.00 2,500.00 BANK IN 05.09.2022 {a}{b}{c}

2,500.00 BANK IN 07.10.2022 {a}{b}{c}
2,500.00 BANK IN 06.11.2022 {a}{b}{c}
2,500.00 BANK IN 07.12.2022 {a}{b}{c}
43 LC HEAVY EQUIPMENT PARTS ( M ) SDN BHD 300.00 300.00 BANK IN 27.09.2022 {a}{b}{c}
44 MUN XIN SDN BHD 1,705.00 1,705.00 BANK IN 04.10.2022 {a}{b}{c}
45 MIZOO COATING SDN BHD 428.00 428.00 BANK IN 28.09.2022 {a}{b}{c}
46 MONT STONE SDN BHD 2,437.00 2,437.00 BANK IN 07.11.2022 {a}{b}{c}
47 MAIL STATION SDN BHD (1,050.00) 0.00
48 MS TIME VENTURES SDN BHD 23,306.00 0.00
49 MUIHUA SDN BHD 4,870.00 4,870.00 BANK IN 08.12.2022 {a}{b}{c}
50 MESIN DAN LOGAM NAN AN 860.00 860.00 BANK IN 30.09.2022 {a}{b}{c}
51 MAA ALLYOS SDN BHD ( BLACK LIST )( NO PAYMENT 6,500.00 0.00
52 MGV MAJU HOLDING SDN BHD 2,300.00 2,300.00 BANK IN 03.09.2022 {a}{b}{c}
53 MONOLUXURY SDN BHD 8,765.00 8,765.00 BANK IN 06.09.2022 {a}{b}{c}
54 MESRA L & Y ENTERPRISE SDN BHD 6,753.00 6,753.00 BANK IN 26.09.2022 {a}{b}{c}
55 MGV RECYCLES SDN BHD 1,780.00 1,780.00 BANK IN 11.10.2022 {a}{b}{c}
56 NAM HUAT OIL & FOODSTUFFS SDN BHD 9,233.00 9,233.00 BANK IN 22.09.2022 {a}{b}{c}
57 NUSANTARA MEAT BERHAD 2,010.00 1,530.00 BANK IN 08.09.2022 {a}{b}{c}

480.00 BANK IN 02.11.2022 {a}{b}{c}
58 NGS HOSES ( M ) SDN BHD 31,625.00 4,400.00 BANK IN 02.09.2022 {a}{b}{c}

4,400.00 BANK IN 03.10.2022 {a}{b}{c}
4,400.00 BANK IN 15.11.2022 {a}{b}{c}
2,432.00 BANK IN 15.11.2022 {a}{b}{c}
4,400.00 BANK IN 02.12.2022 {a}{b}{c}
59 ORIENT BIOTECH SDN BHD 440.00 290.00 BANK IN 20.09.2022 {a}{b}{c}

150.00 BANK IN 20.10.2022 {a}{b}{c}
60 PUREFRESH BEAUTY 4,800.00 1,600.00 BANK IN 07.09.2022 {a}{b}{c}

1,600.00 BANK IN 07.10.2022 {a}{b}{c}
1,600.00 BANK IN 07.11.2022 {a}{b}{c}
61 PERFECT ALUMINIUN SDN BHD 1,548.00 1,548.00 BANK IN 03.10.2022 {a}{b}{c}
62 PROFESSIONAL COATING SDN BHD 793.00 793.00 BANK IN 22.09.2022 {a}{b}{c}
63 POH SENG DOOR MARKETING 2,800.00 0.00
64 RICH INTERTRADE SDN BHD 6,079.00 6,079.00 BANK IN 01.09.2022 {a}{b}{c}
65 RUILIFT MATERIAL HANDLING SDN BHD 2,019.00 0.00
66 SENA DIECASTING INDUSTRIES SDN BHD 6,200.00 1,500.00 BANK IN 06.09.2022 {a}{b}{c}
4,700.00 BANK IN 11.10.2022 {a}{b}{c}
67 SHENG MENG ENTERPRISE ( BLACK LIST ) ( LONGER 6,000.00 0.00
68 SAN ISAN FURNITURE MANUFACTURING SDN BHD 835.00 835.00 BANK IN 08.09.2022 {a}{b}{c}
69 SUCCESS PRITING & PACKAGING SDN BHD 34,000.00 10,000.00 BANK IN 05.09.2022 {a}{b}{c}
10,000.00 BANK IN 04.10.2022 {a}{b}{c}
14,000.00 BANK IN 28.10.2022 {a}{b}{c}
70 SIN LEE RESOURCES SDN BHD 2,040.00 620.00 BANK IN 09.09.2022 {a}{b}{c}
1,420.00 BANK IN 06.10.2022 {a}{b}{c}
71 SERDANG DAIRY SDN BHD 190.00 190.00 BANK IN 11.10.2022 {a}{b}{c}
72 SKC CONSTRUCTION 11,000.00 2,200.00 BANK IN 24.09.2022 {a}{b}{c}

2,200.00 BANK IN 03.12.2022 {a}{b}{c}
73 SOLID COOL MARKETING ( BALAKONG ) SDN BHD 16,000.00 5,400.00 BANK IN 03.10.2022 {a}{b}{c}
5,400.00 BANK IN 31.10.2022 {a}{b}{c}
5,200.00 BANK IN 31.12.2022 {a}{b}{c}
74 SOOI KEONG TRADING SDN BHD 230.00 230.00 BANK IN 20.09.2022 {a}{b}{c}
75 TEKA PLASTIC PACKAGING SDN BHD 1,020.00 1,020.00 BANK IN 07.09.2022 {a}{b}{c}
76 TOP WIN HARDWARE TRADING SDN BHD 2,190.00 2,190.00 BANK IN 30.09.2022 {a}{b}{c}
77 UNITED ENGINE PARTS SDN BHD 300.00 300.00 BANK IN 05.09.2022 {a}{b}{c}
78 VINDECH HARDWARE SDN BHD 1,090.00 1,090.00 BANK IN 28.12.2022 {a}{b}{c}
79 VINDECH HARDWARE SDN BHD 1,440.00 1,440.00 BANK IN 14.12.2022 {a}{b}{c}
80 WAH SENG HARDWARE SDN BHD 1,000.00 1,000.00 BANK IN 13.09.2022 {a}{b}{c}
81 WUMBO HARDWARE & MACHINERY SDN BHD 5,884.00 0.00
82 YY LEE TRADING SDN BHD 28,955.00 10,000.00 BANK IN 01.09.2022 {a}{b}{c}

1,990.00 BANK IN 09.09.2022 {a}{b}{c}
6,965.00 BANK IN 19.09.2022 {a}{b}{c}
10,000.00 BANK IN 05.10.2022 {a}{b}{c}
83 Y & L METAL COMPONENTS SDN BHD 2,637.00 2,191.00 BANK IN 08.09.2022 {a}{b}{c}
446.00 BANK IN 09.11.2022 {a}{b}{c}
84 YOONG LY TRANSPORTATION 52,693.00 10,000.00 BANK IN 01.11.2022 {a}{b}{c}

5,000.00 BANK IN 09.12.2022 {a}{b}{c}
85 Y & L TRUCK & HEAVY EQUIPMENT SDN BHD 16,541.00 1,891.00 BANK IN 08.09.2022 {a}{b}{c}
14,650.00 BANK IN 14.10.2022 {a}{b}{c}
86 ZOLANO DESIGN SDN BHD 488.00 488.00 BANK IN 30.09.2022 {a}{b}{c}
661,443.18 461,292.00 70%
As per TB <K> 665,979.18
99%
Basic of Selection
All selection.
Work Done
{a} Agreed selected debtors' balances.
{b} Traced subsequent clearance to bank statements.
{c} If no subsequent collection, traced to invoices
{d} Checked to sales invoice for unpaid customer invoice.
Period : 31.08.2022
Subject: Trade debtor listing @ 31.08.2022
CODE COMPANY NAME

300-A0004 ADABI CONSUMER INDUSTRIES HTO SDN BHD MYR
300-A0008 ASIA BOLTS & NUTS INDUSTRIES SDN BHD MYR
300-A0009 ASIA BOLTS & NUTS TRADING SDN BHD MYR
300-A0010 ABN ASIASTEEL SDN BHD MYR
300-A0013 AH CHENG LAKSA SDN BHD MYR
300-A0024 ARC POWER MARKETING SDN BHD MYR
300-B0006 BUN SENG HARDWARE SDN BHD MYR
300-B0007 BS PET PRODUCTS SDN BHD MYR
300-B0009 BAPAK MARKETING & DISTRIBUTION SDN BHD MYR
300-C0012 CHIN LAI HARDWARE SDN BHD MYR
300-C0021 CHOICE APPROACH SDN BHD MYR
300-C0026 CHIN CHUN HARDWARE SDN BHD MYR
300-C0028 CVGM PROPERTY SDN BHD MYR
300-D0002 DANFOSS MALAYSIA SDN BHD MYR
300-D0005 DRN MANUFACTURING SDN BHD ( BLACK LIST )( NO PAYMENT ) MYR
300-D0007 DAILY FRESH MARINE SUPPLY SDN BHD MYR
300-E0001 ETC SUPPLY SDN BHD MYR
300-F0003 FIFFY SDN BHD MYR
300-G0003 GANDAHAN SDN BHD MYR
300-G0004 GLOBAL PLASTIC RESOURCE SDN BHD MYR
300-G0005 GOTECH STEELWORKS SDN BHD MYR
300-G0011 GROW WELL FRESH DC SDN BHD MYR
300-G0018 GOLDEAGLE FORKLIFT SDN BHD MYR
300-G0020 GBC INTERIOR & ENGINEERING SDN BHD MYR
300-H0002 HAGIMAS SDN BHD MYR
300-H0008 HUP KEE MARKETING SDN BHD MYR
300-H0015 H'NG CONSTRUCTION MYR
300-H0019 HASIL LAUT SEONG KEE SDN BHD MYR
300-J0001 JY LOGISTIC SDN BHD MYR
300-K0001 KIM LOONG PAPERS SDN BHD MYR
300-K0003 KCC FROZEN SDN BHD MYR
300-K0008 KIN SANG FOOD INDUSTRIES SDN BHD MYR
300-K0011 KYODO MACHINERY SDN BHD MYR
300-K0014 KUALA LUMPUR PAPER MILLS SDN BHD MYR
300-K0015 KUM LONG ( BLACK LIST ) ( THIS CUSTOMER NO MORE PAYMENT ) MYR
300-K0016 KLY HARDWARE TRADING MYR
300-K0017 KYODO MACHINERY SERVICES SDN BHD MYR
300-K0021 KAJARA MOVERS SDN BHD MYR
300-L0001 LYE MANUFACTURING MYR
300-L0007 LOCK & KEY HARDWARE SDN BHD MYR
300-L0016 LYSEN HARDWARE TRADING SDN BHD MYR
300-L0017 LAVEO LIVING SDN BHD MYR
300-L0018 LC HEAVY EQUIPMENT PARTS ( M ) SDN BHD MYR
300-M0001 MUN XIN SDN BHD MYR
300-M0002 MIZOO COATING SDN BHD MYR
300-M0004 MONT STONE SDN BHD MYR
300-M0005 MAIL STATION SDN BHD MYR
300-M0007 MS TIME VENTURES SDN BHD MYR
300-M0008 MUIHUA SDN BHD MYR
300-M0010 MESIN DAN LOGAM NAN AN MYR
300-M0012 MAA ALLYOS SDN BHD ( BLACK LIST )( NO PAYMENT ) MYR
300-M0014 MGV MAJU HOLDING SDN BHD MYR
300-M0017 MONOLUXURY SDN BHD MYR
300-M0018 MESRA L & Y ENTERPRISE SDN BHD MYR
300-M0021 MGV RECYCLES SDN BHD MYR
300-N0001 NAM HUAT OIL & FOODSTUFFS SDN BHD MYR
300-N0003 NUSANTARA MEAT BERHAD MYR
300-N0006 NGS HOSES ( M ) SDN BHD MYR
300-O0002 ORIENT BIOTECH SDN BHD MYR
300-P0002 PUREFRESH BEAUTY MYR
300-P0003 PERFECT ALUMINIUN SDN BHD MYR
300-P0005 PROFESSIONAL COATING SDN BHD MYR
300-P0014 POH SENG DOOR MARKETING MYR
300-R0001 RICH INTERTRADE SDN BHD MYR
300-R0007 RUILIFT MATERIAL HANDLING SDN BHD MYR
300-S0001 SENA DIECASTING INDUSTRIES SDN BHD MYR
300-S0012 SHENG MENG ENTERPRISE ( BLACK LIST ) ( LONGER NO PAYMENT ) MYR
300-S0018 SAN ISAN FURNITURE MANUFACTURING SDN BHD MYR
300-S0019 SUCCESS PRITING & PACKAGING SDN BHD MYR
300-S0021 SIN LEE RESOURCES SDN BHD MYR
300-S0023 SERDANG DAIRY SDN BHD MYR
300-S0027 SIN LIAN HENG COMPANY MYR
300-S0028 SKC CONSTRUCTION MYR
300-S0031 SOLID COOL MARKETING ( BALAKONG ) SDN BHD MYR
300-S0032 SOOI KEONG TRADING SDN BHD MYR
300-T0003 TEKA PLASTIC PACKAGING SDN BHD MYR
300-T0004 TOP WIN HARDWARE TRADING SDN BHD MYR
300-U0008 UNITED ENGINE PARTS SDN BHD MYR
300-V0003 VINDECH HARDWARE SDN BHD MYR
300-V0005 VINDECH HARDWARE SDN BHD MYR
300-W0001 WAH SENG HARDWARE SDN BHD MYR
300-W0002 WUMBO HARDWARE & MACHINERY SDN BHD MYR
300-Y0002 YY LEE TRADING SDN BHD MYR
300-Y0005 Y & L METAL COMPONENTS SDN BHD MYR
300-Y0010 YOONG LY TRANSPORTATION MYR
300-Y0012 Y & L TRUCK & HEAVY EQUIPMENT SDN BHD MYR
300-Z0001 ZOLANO DESIGN SDN BHD MYR
K2
Reviewed by : WLL
BALANCE
440.00 K1
3,770.00 K1
610.00 K1
377.00 K1
630.00 K1
27,445.00 K1
1,458.00 K1
702.00 K1
2,115.00 K1
11,564.00 K1
8,920.00 K1
5,645.00 K1
34,000.00 K1
410.00 K1
230.00 K1
568.00 K1
85,626.00 K1
1,790.00 K1
1,663.00 K1
14,191.00 K1
820.00 K1
3,522.00 K1
30,853.18 K1
525.00 K1
1,660.00 K1
662.00 K1
250.00 K1
3,198.00 K1
1,947.00 K1
36,521.00 K1
1,026.00 K1
2,082.00 K1
800.00 K1
1,000.00 K1
1,180.00 K1
1,198.00 K1
3,153.00 K1
200.00 K1
10,340.00 K1
11,779.00 K1
339.00 K1
38,000.00 K1
300.00 K1
1,705.00 K1
428.00 K1
2,437.00 K1
(1,050.00) K1
23,306.00 K1
4,870.00 K1
860.00 K1
6,500.00 K1
2,300.00 K1
8,765.00 K1
6,753.00 K1
1,780.00 K1
9,233.00 K1
2,010.00 K1
32,561.00 K1
440.00 K1
4,800.00 K1
1,548.00 K1
793.00 K1
2,800.00 K1
6,079.00 K1
2,019.00 K1
6,200.00 K1
6,000.00 K1
835.00 K1
34,000.00 K1
2,040.00 K1
190.00 K1
800.00 K1
11,000.00 K1
16,000.00 K1
230.00 K1
1,020.00 K1
2,190.00 K1
300.00 K1
1,090.00 K1
1,440.00 K1
1,000.00 K1
5,884.00 K1
28,955.00 K1
2,637.00 K1
52,693.00 K1
16,541.00 K1
488.00 K1
665,979.18 K/K3
0.00
K3
Subject: Trade debtor Aging Report @ 31.08.2022
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Aug'21 Jul'21

CODE COMPANY NAME CURRENT 1 MONTH
300-A0004 ADABI CONSUMER INDUSTRIES HTO SDN BHD MYR 440.00
300-A0008 ASIA BOLTS & NUTS INDUSTRIES SDN BHD MYR 915.00 970.00
300-A0009 ASIA BOLTS & NUTS TRADING SDN BHD MYR 305.00
300-A0010 ABN ASIASTEEL SDN BHD MYR 377.00
300-A0013 AH CHENG LAKSA SDN BHD MYR 630.00
300-A0024 ARC POWER MARKETING SDN BHD MYR 445.00 27,000.00
300-B0006 BUN SENG HARDWARE SDN BHD MYR 1,458.00
300-B0007 BS PET PRODUCTS SDN BHD MYR 702.00
300-B0009 BAPAK MARKETING & DISTRIBUTION SDN BHD MYR 2,115.00
300-C0012 CHIN LAI HARDWARE SDN BHD MYR 11,564.00
300-C0021 CHOICE APPROACH SDN BHD MYR 8,150.00
300-C0026 CHIN CHUN HARDWARE SDN BHD MYR 5,645.00
300-C0028 CVGM PROPERTY SDN BHD MYR
300-D0002 DANFOSS MALAYSIA SDN BHD MYR 410.00
300-D0005 DRN MANUFACTURING SDN BHD ( BLACK LIST )( MYR
300-D0007 DAILY FRESH MARINE SUPPLY SDN BHD MYR 568.00
300-E0001 ETC SUPPLY SDN BHD MYR 85,626.00
300-F0003 FIFFY SDN BHD MYR 190.00 1,600.00
300-G0003 GANDAHAN SDN BHD MYR 1,663.00
300-G0004 GLOBAL PLASTIC RESOURCE SDN BHD MYR
300-G0005 GOTECH STEELWORKS SDN BHD MYR 820.00
300-G0011 GROW WELL FRESH DC SDN BHD MYR 3,522.00
300-G0018 GOLDEAGLE FORKLIFT SDN BHD MYR 9,060.18 10,185.00
300-G0020 GBC INTERIOR & ENGINEERING SDN BHD MYR 525.00
300-H0002 HAGIMAS SDN BHD MYR 1,660.00
300-H0008 HUP KEE MARKETING SDN BHD MYR 662.00
300-H0015 H'NG CONSTRUCTION MYR 250.00
300-H0019 HASIL LAUT SEONG KEE SDN BHD MYR 741.00 1,828.00
300-J0001 JY LOGISTIC SDN BHD MYR
300-K0001 KIM LOONG PAPERS SDN BHD MYR 24,774.00 5,307.00
300-K0003 KCC FROZEN SDN BHD MYR 1,026.00
300-K0008 KIN SANG FOOD INDUSTRIES SDN BHD MYR 818.00 500.00
300-K0011 KYODO MACHINERY SDN BHD MYR 310.00 490.00
300-K0014 KUALA LUMPUR PAPER MILLS SDN BHD MYR 1,000.00
300-K0015 KUM LONG ( BLACK LIST ) ( THIS CUSTOMER NO MYR
300-K0016 KLY HARDWARE TRADING MYR
300-K0017 KYODO MACHINERY SERVICES SDN BHD MYR 1,818.00 1,335.00
300-K0021 KAJARA MOVERS SDN BHD MYR
300-L0001 LYE MANUFACTURING MYR 10,340.00
300-L0007 LOCK & KEY HARDWARE SDN BHD MYR 1,590.00 10,189.00
300-L0016 LYSEN HARDWARE TRADING SDN BHD MYR 339.00
300-L0017 LAVEO LIVING SDN BHD MYR
300-L0018 LC HEAVY EQUIPMENT PARTS ( M ) SDN BHD MYR 300.00
300-M0001 MUN XIN SDN BHD MYR 1,705.00
300-M0002 MIZOO COATING SDN BHD MYR 428.00
300-M0004 MONT STONE SDN BHD MYR 2,437.00
300-M0005 MAIL STATION SDN BHD MYR
300-M0007 MS TIME VENTURES SDN BHD MYR
300-M0008 MUIHUA SDN BHD MYR 4,870.00
300-M0010 MESIN DAN LOGAM NAN AN MYR 860.00
300-M0012 MAA ALLYOS SDN BHD ( BLACK LIST )( NO PAYMEMYR
300-M0014 MGV MAJU HOLDING SDN BHD MYR 2,300.00
300-M0017 MONOLUXURY SDN BHD MYR 6,275.00
300-M0018 MESRA L & Y ENTERPRISE SDN BHD MYR 6,753.00
300-M0021 MGV RECYCLES SDN BHD MYR 1,780.00
300-N0001 NAM HUAT OIL & FOODSTUFFS SDN BHD MYR 9,233.00
300-N0003 NUSANTARA MEAT BERHAD MYR 1,530.00 480.00
300-N0006 NGS HOSES ( M ) SDN BHD MYR 864.00
300-O0002 ORIENT BIOTECH SDN BHD MYR 150.00 290.00
300-P0002 PUREFRESH BEAUTY MYR 1,600.00 1,600.00
300-P0003 PERFECT ALUMINIUN SDN BHD MYR 1,548.00
300-P0005 PROFESSIONAL COATING SDN BHD MYR 793.00
300-P0014 POH SENG DOOR MARKETING MYR
300-R0001 RICH INTERTRADE SDN BHD MYR 1,442.00 4,637.00
300-R0007 RUILIFT MATERIAL HANDLING SDN BHD MYR
300-S0001 SENA DIECASTING INDUSTRIES SDN BHD MYR 3,200.00 1,500.00
300-S0012 SHENG MENG ENTERPRISE ( BLACK LIST ) ( LON MYR
300-S0018 SAN ISAN FURNITURE MANUFACTURING SDN BHMYR 835.00
300-S0019 SUCCESS PRITING & PACKAGING SDN BHD MYR
300-S0021 SIN LEE RESOURCES SDN BHD MYR 1,420.00 620.00
300-S0023 SERDANG DAIRY SDN BHD MYR
300-S0028 SKC CONSTRUCTION MYR 2,200.00 2,200.00
300-S0027 SIN LIAN HENG COMPANY MYR 800.00 -
300-S0031 SOLID COOL MARKETING ( BALAKONG ) SDN BHDMYR 16,000.00
300-S0032 SOOI KEONG TRADING SDN BHD MYR 230.00
300-T0003 TEKA PLASTIC PACKAGING SDN BHD MYR 1,020.00
300-T0004 TOP WIN HARDWARE TRADING SDN BHD MYR 2,190.00
300-U0008 UNITED ENGINE PARTS SDN BHD MYR 300.00
300-V0003 VINDECH HARDWARE SDN BHD MYR 1,090.00
300-V0005 VINDECH HARDWARE SDN BHD MYR 1,440.00
300-W0001 WAH SENG HARDWARE SDN BHD MYR 1,000.00
300-W0002 WUMBO HARDWARE & MACHINERY SDN BHD MYR
300-Y0002 YY LEE TRADING SDN BHD MYR 8,955.00
300-Y0005 Y & L METAL COMPONENTS SDN BHD MYR 446.00 1,520.00
300-Y0010 YOONG LY TRANSPORTATION MYR 788.00 46,671.00
300-Y0012 Y & L TRUCK & HEAVY EQUIPMENT SDN BHD MYR 14,650.00 355.00
300-Z0001 ZOLANO DESIGN SDN BHD MYR 488.00
Grand Total 257,400.18 144,255.00

0.39 0.22
epared by : SNC 28/03/2023
viewed by : WLL
Jun'21 May'21
2 MONTHS 3 MONTHS BALANCE
440.00
1,885.00 3,770.00
305.00 610.00
377.00
630.00
27,445.00
1,458.00
702.00
2,115.00
11,564.00
270.00 500.00 8,920.00
5,645.00
34,000.00 34,000.00
410.00
230.00 230.00
568.00
85,626.00
1,790.00
1,663.00
1,384.00 12,807.00 14,191.00
820.00
3,522.00
5,804.00 5,804.00 30,853.18
525.00
1,660.00
662.00
250.00
629.00 3,198.00
1,947.00 1,947.00
1,340.00 5,100.00 36,521.00
1,026.00
764.00 2,082.00
800.00
1,000.00
1,180.00 1,180.00
1,198.00 1,198.00
3,153.00
200.00 200.00
10,340.00
11,779.00
339.00
38,000.00 38,000.00
300.00
1,705.00
428.00
2,437.00
(1,050.00) (1,050.00)
23,306.00 23,306.00
4,870.00
860.00
6,500.00 6,500.00
- 2,300.00
2,490.00 8,765.00
6,753.00
1,780.00
9,233.00
2,010.00
30,761.00 32,561.00
440.00
1,600.00 4,800.00
1,548.00
793.00
1,200.00 1,600.00 2,800.00
6,079.00
2,019.00 2,019.00
1,500.00 6,200.00
6,000.00 6,000.00
835.00
34,000.00 34,000.00
2,040.00
190.00 190.00
2,200.00 4,400.00 11,000.00
800.00
16,000.00
230.00
1,020.00
2,190.00
300.00
1,090.00
1,440.00
1,000.00
5,884.00 5,884.00
20,000.00 28,955.00
446.00 225.00 2,637.00
1,498.00 3,736.00 52,693.00
1,536.00 16,541.00
488.00
77,315.00 186,073.00 665,979.18 K2

0.12 0.28 -
(16,234.00) (24,060.00)
(7,670.00)
(49,204.00)
K4
Subject : Trade Receivables - Analytical Review
w/p ref 2022 2021 Variance

RM RM (days)
Trade debtors K 665,979.18 258,986.00
Sales R1 2,874,184.62 2,218,107.70
Trade debtors turnover period (days) 112 43 70
Analytical Review
The balance represented the average day of collection debts from customer while this year is the first year of starting business
The trade debtor turnover days of 112 days was within the average credit period of 30 to 60 days
granted to customers. It represeents Company took average 112 days to collection its debts.
year of starting business operation.
K5
Subject : Other Receivables, Deposits and Prepaid Expenses

Other debtors K6 26,400.00 26,400.00 3,900.00 22.50
Deposit K6 13,500.00 AJE 8 1,500.00 15,000.00 13,500.00 1.50
Prepayment K6 15,148.96 15,148.96 - 15
55,048.96 56,548.96 17,400.00 39
The increased of other receivables mainly due to advance to other debtors, payment of deposit and prepayment during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that other receivables is fairly stated as at 31.08.2022.
K6
Subject : Other Receivables, Deposits and Prepaid Expenses

RM RM RM RM RM RM'000 Payment (RM) Date Cheque No. Clearance
Other debtors
Reservoir Industries Sdn Bhd Note 1 3,900.00 TB 3,900.00 3,900.00 0 3,900.00 01.04.PBB-TT
Goldeagle Forklift Sdn Bhd 22,500.00 TB 22,500.00 -
26,400.00 - - 26,400.00 3,900.00
Deposit
Kun Yoong Trading (Rental of factory)

** Changed to Chai & Son Management
- Rental deposit 13,500.00 TB 13,500.00 13,500.00 0
Ng Kok Wah ** Agreement entered between staff with the landlord.

- Staff hostel 2 month deposit K6-a - TB AJE 8 1,200.00 1,200.00 - 0
- Staff hostel 1 month utilities deposit K6-a - TB AJE 8 300.00 300.00
13,500.00 1,500.00 - 15,000.00 13,500.00
Prepayment
Goldeagle Forklift Sdn Bhd
- Accrued sales - subcontractor Aug 2022 K6-c 2,701.44 TB 2,701.44 -
Sing Kwang Jidosha Sdn Bhd K6-b 12,447.52 TB 12,447.52 -
15,148.96 - - 15,148.96 -
K5 55,048.96 {a} 1,500.00 - 56,548.96 17,400.00
Note
{1} This is refunded the deposit regarding rental forklift machine to client. However, this client was took over from sole propertier before and cleint was checking the orginal deposit collected in sole prop.
Deposits has been increased as the Company pay rental deposits during the financial year.
Work Done
{c} Circularisation was sent.
Findings
Conclusion
Based on the work done, I am of the opinion that other receivables is fairly stated as at 31.08.2022.
L
Subject : Cash and bank balances
w/p ref Balance as at <----- Adjustment -----> Adjusted bal

31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
Cash at bank L1 410,973.45 TB 410,973.45 261,361.81

Cash in hand L4 - TB - -
410,973.45 410,973.45 261,361.81 150
The increase is due to the receiving income during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that cash in hand and bank balances is fairly stated as at 31.08.2022.
L1
Subject : Bank balances
w/p ref Balance as at <----- Adjustment -----> Adjusted bal

31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
Public Bank Berhad L2-a 165,183.45 TB 165,183.45 261,361.81 (96)

(Accounts No: 3217237913)
Jinjang Branch
Ground & 1st Floor Bangunan MCA,
Lot 58062, Jinjang Utara Jln Kepong,
52000 Kuala Lumpur.
Maybank Berhad L2-b 245,790.00 TB 245,790.00 - 246

(Accounts No: 3217237913)
Jinjang Branch
Ground & 1st Floor Bangunan MCA,
Lot 58062, Jinjang Utara Jln Kepong,
52000 Kuala Lumpur.
L/L2 410,973.45 410,973.45 261,361.81 150
Work Done
{a} Checked to Bank Reconciliation and Bank Statement as at 31.08.2022.
{b} Letter of confirmation has been sent to the respective bank.
L2
Subject : Reasonableness test - Bank balances
Amount Amount
Balance as per bank statement 410,973.45 L3
Less: Unpresented cheques -
Add: Uncredited lodgements -
Other items -
Balance as per general ledger 410,973.45 L1
Work Done
{a} Agree bank balance per account to general ledger
{b} Agree bank balance per bank to bank statement / bank confirmation
L4
Subject : Cash and bank balances
<--- Adjustment --->

w/p ref Balance as at DR CR Adjusted Bal
31.08.2022 RM RM 31.08.2022 31.08.2021 Variance
RM RM RM RM'000
Cash in hand - TB - - 0
- - - 0
The decrease is due to the payment for the operating fund increase during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that cash in hand and bank balances is fairly stated as at 31.12.2021.
Work Done
{a} Letter of confirmation has been sent to the Director.
M
Subject : Trade creditors
Balance as at <----- Adjustment -----> Adjusted bal

Trade creditors M1/M2 1,125,804.54 1,125,804.54 391,533.10 734
1,125,804.54 1,125,804.54 391,533.10

0.00
The increased was mainly due to company start business operation during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade payables is fairly stated as at 31.08.2022.
Period : 31.08.2022
Subject : Trade Creditors Circularisation
Balance as at
31.08.2022
1 ASIA BATTERY TAB SDN BHD M2 700.00
2 AH ON MOTOR ( LIM LE ON ) ( IC = 630117-08- 5877 ) M2 300.00
3 CH DIESEL PUMP SERVICES M2 2,932.00
4 CKM HOSES & PIPING ENGINEERING M2 445.00
5 DENZON AUTO SDN BHD M2 7,334.00
6 DURA WHEELS SDN BHD M2 5,270.00
7 ENERGYHUB ( M ) SDN BHD M2 42,150.00
8 ENERSYS MALAYSIA SDN BHD M2 41,210.00
9 GI SOON RADIATOR SERVICE M2 380.00
10 GOLDEAGLE FORKLIFT SDN BHD M2 13,175.78
11 HWA HOSE & PIPE TRADING M2 742.00
12 HUP CHING FORKLIFT PARTS SDN BHD M2 21,494.00
13 HUP SENG ENTERPRISE M2 8,954.00
14 HAPPY FORKLIFT PARTS ( M ) SDN BHD M2 85.00
15 HUP CHING FORKLIFT TYRES SDN BHD M2 3,120.00
16 HIAP SENG TYRE SDN BHD M2 6,500.00

17 HARMONIC OASIS ENTERPRISE M2 123,390.00
18 HTWL ENTERPRISE M2 107,000.00
19 KK RADIATOR & EXHAUST SPECIALIST M2 2,125.00
20 KYODO MACHINERY SDN BHD M2 537,335.00
21 LC HEAVY EQUIPMENT PARTS ( M ) SDN BHD M2 405.00
22 LUCKY POWER SYNERGY SDN BHD M2 650.00
23 MMY FORKLIFT PARTS TRADING M2 33,515.04
24 MAGNATE FORKLIFT ENGINEERING SDN BHD M2 9,300.00
25 NGS HOSES ( M ) SDN BHD M2 755.00
26 ODIN LUBRICANT SDN BHD M2 29,809.50
27 SONICMAX ENGINEERING WORKS M2 9,280.00
28 SKYFIL AUTO PARTS SDN BHD M2 3,443.30
29 SYS FORTECH ENGINEERING SDN BHD M2 782.00
30 SL INDUSTRIES SUPPLIES M2 1,560.00
31 S B CARRIER M2 13,520.00
32 SHOWAKA AUTO ( M ) SDN BHD M2 19,883.32
33 SYARIKAT PERNIAGAAN HUA SIANG M2 99.60
34 TVH MALAYSIA SDN BHD M2 6,580.00
35 TOP WIN HARDWARE TRADING SENDIRIAN BERHAD M2 7,000.00
36 HUI HUANG TOWING SERVICE M2 380.00
37 TT TOP TRADING SDN BHD M2 70,000.00
38 VICTORY FORKLIFT SERVICE ENTERPRISE M2 900.00
Total tested 1,132,504.54
Population M 1,125,804.54
% Tested 101%
Basic of Selection
Purchase > All Selection
Work Done
{a} Agreed selected payable's balances.
{b} Agreed to payables’ monthly statement.
{c} For balances confirmed with differences, ensured that they are satisfactorily reconciled.
{d} Confirmed balance without noting any difference.
{e} Traced subsequent clearance to bank statements.
{f} Checked to purchase invoice for unpaid supplier invoice.
M1
Reviewed by : WLL
Subsequent Chq No. Date

payment
700.00 PBB - TT 15.09.2022 {a}{b}{c}
300.00 PBB - TT 01.09.2022 {a}{b}{c}
536.00 PBB - TT 17.10.2022 {a}{b}{c}

2,396.00 PBB - TT 30.11.2022 {a}{b}{c}
445.00 PBB - TT 08.10.2022 {a}{b}{c}
4,992.00 PBB - TT 29.09.2022 {a}{b}{c}

2,342.00 PBB - TT 15.11.2022 {a}{b}{c}
2,540.00 PBB - TT 02.11.2022 {a}{b}{c}

1,540.00 PBB - TT 30.11.2022 {a}{b}{c}
1,190.00 PBB - TT 30.12.2022 {a}{b}{c}
11,800.00 PBB - TT 29.09.2022 {a}{b}{c}

13,200.00 PBB - TT 08.10.2022 {a}{b}{c}
8,150.00 PBB - TT 01.11.2022 {a}{b}{c}
9,000.00 PBB - TT 30.11.2022 {a}{b}{c}
12,660.00 PBB - TT 29.09.2022 {a}{b}{c}

8,150.00 PBB - TT 15.11.2022 {a}{b}{c}
7,300.00 PBB - TT 30.11.2022 {a}{b}{c}
380.00 PBB - TT 17.10.2022 {a}{b}{c}
742.00 PBB - TT 29.09.2022 {a}{b}{c}
16,455.00 PBB - TT 17.10.2022 {a}{b}{c}

3,979.00 PBB - TT 15.11.2022 {a}{b}{c}
1,060.00 PBB - TT 16.12.2022 {a}{b}{c}
1,260.00 PBB - TT 29.09.2022 {a}{b}{c}

2,350.00 PBB - TT 29.09.2022 {a}{b}{c}
2,683.00 PBB - TT 02.11.2022 {a}{b}{c}
2,661.00 PBB - TT 30.11.2022 {a}{b}{c}
85.00 PBB - TT 29.09.2022 {a}{b}{c}
3,120.00 PBB - TT 17.10.2022 {a}{b}{c}
6,500.00 PBB - TT 17.10.2022 {a}{b}{c}

28,840.00 PBB - TT 16.12.2022 {a}{b}{c}
33,150.00 23.12.2022 {a}{b}{c}
30,300.00 28.12.2022 {a}{b}{c}
31,100.00 30.12.2022 {a}{b}{c}
32,000.00 PBB - TT 30.11.2022 {a}{b}{c}

38,500.00 30.11.2022 {a}{b}{c}
36,500.00 09.12.2022 {a}{b}{c}
460.00 PBB - TT 15.09.2022 {a}{b}{c}

630.00 16.12.2022 {a}{b}{c}
22,500.00 PBB - TT 15.09.2022 {a}{b}{c}

36,800.00 17.10.2022 {a}{b}{c}
32,500.00 15.11.2022 {a}{b}{c}
1,280.00 30.11.2022 {a}{b}{c}
32,500.00 15.12.2022 {a}{b}{c}
405.00 PBB - TT 15.09.2022 {a}{b}{c}
650.00 PBB - TT 29.09.2022 {a}{b}{c}
12,950.30 PBB - TT 29.09.2022 {a}{b}{c}

10,029.00 01.11.2022 {a}{b}{c}
10,062.50 30.11.2022 {a}{b}{c}
9,300.00 PBB - TT 17.10.2022 {a}{b}{c}
755.00 PBB - TT 30.12.2022 {a}{b}{c}
9,103.50 PBB - TT 29.09.2022 {a}{b}{c}

10,000.00 PBB - TT 15.11.2022 {a}{b}{c}
10,706.00 PBB - TT 30.11.2022 {a}{b}{c}
3,080.00 PBB - TT 15.09.2022 {a}{b}{c}

1,370.00 PBB - TT 17.10.2022 {a}{b}{c}
980.00 PBB - TT 02.11.2022 {a}{b}{c}
1,040.00 PBB - TT 15.11.2022 {a}{b}{c}
880.00 PBB - TT 15.12.2022 {a}{b}{c}
1,531.30 PBB - TT 29.09.2022 {a}{b}{c}

1,912.00 17.10.2022 {a}{b}{c}
782.00 PBB - TT 29.09.2022 {a}{b}{c}
600.00 PBB - TT 17.10.2022 {a}{b}{c}

960.00 PBB - TT 15.11.2022 {a}{b}{c}
2,580.00 PBB - TT 29.09.2022 {a}{b}{c}

2,260.00 PBB - TT 02.11.2022 {a}{b}{c}
5,070.00 PBB - TT 30.11.2022 {a}{b}{c}
3,610.00 PBB - TT 30.12.2022 {a}{b}{c}
2,317.32 PBB - TT 29.09.2022 {a}{b}{c}
4,452.00 PBB - TT 29.09.2022 {a}{b}{c}
1,814.00 PBB - TT 17.10.2022 {a}{b}{c}
5,850.00 PBB - TT 15.11.2022 {a}{b}{c}
3,780.00 PBB - TT 15.09.2022 {a}{b}{c}

2,800.00 PBB - TT 08.10.2022 {a}{b}{c}
380.00 PBB - TT 29.09.2022 {a}{b}{c}
31,000.00 PBB - TT 23.09.2022 {a}{b}{c}

39,000.00 PBB - TT 24.09.2022 {a}{b}{c}
900.00 PBB - TT 29.09.2022 {a}{b}{c}
678,485.92 60%
M2
Subject : Trade Creditors Listing @ 31.08.2022
CODE COMPANY NAME BALANCE

None
400-A0001 ASIA BATTERY TAB SDN BHD MYR 700.00
400-A0004 AH ON MOTOR ( LIM LE ON ) ( IC = 630117-08- 5877 ) MYR 300.00
400-C0002 CH DIESEL PUMP SERVICES MYR 2,932.00
400-C0006 CKM HOSES & PIPING ENGINEERING MYR 445.00
400-D0001 DENZON AUTO SDN BHD MYR 7,334.00
400-D0006 DURA WHEELS SDN BHD MYR 5,270.00
400-E0001 ENERGYHUB ( M ) SDN BHD MYR 42,150.00
400-E0006 ENERSYS MALAYSIA SDN BHD MYR 41,210.00
400-G0001 GI SOON RADIATOR SERVICE MYR 380.00
400-G0010 GOLDEAGLE FORKLIFT SDN BHD MYR 13,175.78
400-H0001 HWA HOSE & PIPE TRADING MYR 742.00
400-H0002 HUP CHING FORKLIFT PARTS SDN BHD MYR 21,494.00
400-H0003 HUP SENG ENTERPRISE MYR 8,954.00
400-H0004 HAPPY FORKLIFT PARTS ( M ) SDN BHD MYR 85.00
400-H0007 HUP CHING FORKLIFT TYRES SDN BHD MYR 3,120.00
400-H0010 HIAP SENG TYRE SDN BHD MYR 6,500.00
400-H0013 HARMONIC OASIS ENTERPRISE MYR 123,390.00
400-H0017 HTWL ENTERPRISE MYR 107,000.00
400-K0003 KK RADIATOR & EXHAUST SPECIALIST MYR 2,125.00
400-K0004 KYODO MACHINERY SDN BHD MYR 537,335.00
400-L0006 LUCKY POWER SYNERGY SDN BHD MYR 950.00
400-M0002 MMY FORKLIFT PARTS TRADING MYR 33,515.04
400-M0005 MAGNATE FORKLIFT ENGINEERING SDN BHD MYR 9,300.00
400-O0003 ODIN LUBRICANT SDN BHD MYR 29,809.50
400-S0001 SONICMAX ENGINEERING WORKS MYR 9,280.00
400-S0003 SKYFIL AUTO PARTS SDN BHD MYR 3,443.30
400-S0004 SYS FORTECH ENGINEERING SDN BHD MYR 782.00
400-S0015 SL INDUSTRIES SUPPLIES MYR 1,560.00
400-S0016 S B CARRIER MYR 13,520.00
400-S0020 SHOWAKA AUTO ( M ) SDN BHD MYR 19,883.32
400-S0022 SYARIKAT PERNIAGAAN HUA SIANG MYR 99.60
400-T0005 TVH MALAYSIA SDN BHD MYR 6,580.00
400-T0020 HUI HUANG TOWING SERVICE MYR 380.00
400-T0021 TT TOP TRADING SDN BHD MYR 70,000.00
400-V0003 VICTORY FORKLIFT SERVICE ENTERPRISE MYR 900.00
GRAND
TOTAL 1,125,804.54
-
by : SNC 28/03/2023
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
M1
Period : 31.08.2022
Subject : Trade Creditors Aging Report @ 31.08.2022
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Aug'22

CODE COMPANY NAME
CURRENT
400-A0001 ASIA BATTERY TAB SDN BHD MYR
400-A0004 AH ON MOTOR ( LIM LE ON ) ( IC = 630117-08- 5877 ) MYR 300.00
400-C0002 CH DIESEL PUMP SERVICES MYR 2,396.00
400-C0006 CKM HOSES & PIPING ENGINEERING MYR 130.00
400-D0001 DENZON AUTO SDN BHD MYR 2,342.00
400-D0006 DURA WHEELS SDN BHD MYR 1,190.00
400-E0001 ENERGYHUB ( M ) SDN BHD MYR 9,000.00
400-E0006 ENERSYS MALAYSIA SDN BHD MYR
400-G0001 GI SOON RADIATOR SERVICE MYR 120.00
400-G0010 GOLDEAGLE FORKLIFT SDN BHD MYR 8,895.84
400-H0001 HWA HOSE & PIPE TRADING MYR 742.00
400-H0002 HUP CHING FORKLIFT PARTS SDN BHD MYR 1,060.00
400-H0003 HUP SENG ENTERPRISE MYR 2,661.00
400-H0004 HAPPY FORKLIFT PARTS ( M ) SDN BHD MYR 85.00
400-H0007 HUP CHING FORKLIFT TYRES SDN BHD MYR 3,120.00
400-H0010 HIAP SENG TYRE SDN BHD MYR 6,500.00
400-H0013 HARMONIC OASIS ENTERPRISE MYR
400-H0017 HTWL ENTERPRISE MYR
400-K0003 KK RADIATOR & EXHAUST SPECIALIST MYR 1,035.00
400-K0004 KYODO MACHINERY SDN BHD MYR 124,150.00
400-L0006 LUCKY POWER SYNERGY SDN BHD MYR 650.00
400-M0002 MMY FORKLIFT PARTS TRADING MYR 10,139.50
400-M0005 MAGNATE FORKLIFT ENGINEERING SDN BHD MYR 9,300.00
400-O0003 ODIN LUBRICANT SDN BHD MYR
400-S0001 SONICMAX ENGINEERING WORKS MYR 1,930.00
400-S0003 SKYFIL AUTO PARTS SDN BHD MYR 1,912.00
400-S0004 SYS FORTECH ENGINEERING SDN BHD MYR 782.00
400-S0015 SL INDUSTRIES SUPPLIES MYR 960.00
400-S0016 S B CARRIER MYR 3,610.00
400-S0020 SHOWAKA AUTO ( M ) SDN BHD MYR 2,280.00
400-S0022 SYARIKAT PERNIAGAAN HUA SIANG MYR
400-T0005 TVH MALAYSIA SDN BHD MYR 2,800.00
400-T0020 HUI HUANG TOWING SERVICE MYR 380.00
400-T0021 TT TOP TRADING SDN BHD MYR
400-V0003 VICTORY FORKLIFT SERVICE ENTERPRISE MYR
198,955.34
0.18
M2-1
Reviewed by : WLL
Jul'22 Jun'22 Sep'21 -

May'22
3 MONTHS
1 MONTH 2 MONTHS BALANCE
AND MORE
700.00 700.00
300.00
45.00 491.00 2,932.00
195.00 120.00 445.00
4,562.00 430.00 7,334.00
1,540.00 1,840.00 700.00 5,270.00
8,150.00 25,000.00 42,150.00
28,550.00 12,660.00 41,210.00
260.00 380.00
2,772.80 1,507.14 13,175.78
742.00
3,979.00 16,455.00 21,494.00
2,683.00 2,350.00 1,260.00 8,954.00
85.00
3,120.00
6,500.00
123,390.00 123,390.00
107,000.00 107,000.00
630.00 460.00 2,125.00
142,500.00 108,410.00 162,275.00 537,335.00
405.00
300.00 950.00
10,425.24 12,950.30 33,515.04
9,300.00
415.00 260.00 755.00
29,809.50 29,809.50
880.00 1,040.00 5,430.00 9,280.00
1,531.30 3,443.30
782.00
600.00 1,560.00
5,070.00 2,260.00 2,580.00 13,520.00
3,170.00 5,850.00 8,583.32 19,883.32
99.60 99.60
3,780.00 6,580.00
380.00
70,000.00 70,000.00
900.00 900.00
212,943.34 193,176.94 520,728.92 1,125,804.54 M2
0.19 0.17 0.46 -
M3
Subject : Trade Payables - Analytical Review
w/p ref 2022 2021 Variance

RM RM (days)
Trade payables M 1,125,804.54 391,533.10
Purchases R2 1,551,946.46 1,145,476.72
Trade payables turnover period (days) 349 125 224
Analytical Review
The credit period granted to supplier is ranging from 30 days to 90 days. However, the trade creditor turnover days
of 164 days was not within the average credit period of 30 to 90 days granted to supplier. However, this represent
Company use only average of 164 days to settle its debts to supplier.
M4
Subject : Other payables and Accrued expenses
Balance as at <------- Adjustment ------> Adjusted bal Variance

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Other creditors M5 - - - 0
Deposit payables M5 9,800.00 9,800.00 - 10
Accruals M5 63,037.60 AJE 1 6,500.00 78,537.60 120,512.30 (42)

AJE 7 9,000.00
72,837.60 88,337.60 {a} 120,512.30
Decreased mainly due to repayment prior accrued expenses and lesser accrued item during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that accrued expenses is fairly stated as at 31.08.2022.
M5
Subject : Other payables and Accrued expenses
Balance as at <------- Adjustment ------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Subsequent
RM RM RM RM RM Payment (RM) Date Cheque No. Clearance
Other payables
- - - - -
Deposit payables
Forklist rental deposit
- SKC Construction M5-4 2,200.00 2,200.00 -
- Choice Approach Sdn Bhd M5-5 2,800.00 2,800.00 -
- Huerner Funken Manufacturi M5-6 1,800.00 1,800.00 -
- Asteel Synergy Sdn Bhd M5-7 3,000.00 3,000.00 -
9,800.00 - - 9,800.00 -
Accruals
Audit fee
- 2022 - AJE 1 5,500.00 5,500.00 4,500.00
Tax agent fee

- 2022 - AJE 1 1,000.00 1,000.00 1,000.00
Accounting fee
- 2022 2,500.00 TB 2,500.00 2,500.00
EPF payable M5-1 7,968.00 TB 7,968.00 4,480.00 7,968.00 15.09.2022 IBG

Socso payable M5-2 337.30 TB 337.30 217.00 337.30 15.09.2022 IBG
EIS payable M5-2 60.00 TB 60.00 38.60 60.00 15.09.2022 IBG
PCB payable M5-3 2,172.30 TB 2,172.30 1,200.00 2,172.30 15.09.2022 IBG
Salary payable - TB - 15,246.70 - 02.09.2022 IBG
Wages payable - TB - 6,830.00 - 02.09.2022 IBG
Director fee 2022 - Lee Ying Seong 25,000.00 TB 25,000.00 40,000.00
Director fee 2022 - Loh Loon Lee 25,000.00 TB 25,000.00 40,000.00
Rental - Jul & Aug'22/ Aug'21 - TB AJE 7 9,000.00 9,000.00 4,500.00 9,000.00 29.09.2022 & 02.11.2022 IBG
M4 63,037.60 - 15,500.00 78,537.60 120,512.30
72,837.60 - 15,500.00 88,337.60 {a} 120,512.30
Notes:-
Work Done
M7
Subject: Corak Merdeka Sdn Bhd
Balance as at <------- Adjustment ------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM
Corak Merdeka Sdn Bhd (300,000) TB (300,000) - (300) #DIV/0!

- - TB - - - #DIV/0!
P2 (300,000) (300,000) - (300) #DIV/0!

Ø Ø Ø
Work Done
{c} Checked to SST report.
M7
Subject : Amount due to director
Balance as at <--------Adjustment-------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
Amount owing by/(to) director TB
Soong Kok Kong M6-1 / C-1A - - - {a}{b} - 0
Yong Pouy Soong M6-2 - - {a}{b} - 0
- - 0.00
Varianes Explanation
The increased was due to advanced from director during the year.
Movement during the year

Balance b/f RM
Opening balance -
Advanced 68,529.23
Drawings (31,824.29)
-
RJE 1 (Being reclassification of account from
As per above 36,704.94

36,704.94
Work Done
{b} Letter of confirmation has been sent to Directors.
Findings
Conclusion
Based on the work done, I am of the opinion that amount owing to directors is fairly stated as at 31.03.2019.
M8
Subject : Citi Game Holdings Sdn Bhd

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Citi Game Holdings Sdn Bhd M5 35,700.00 TB 35,700.00 - 0
35,700.00 35,700.00 {a} -
Increased mainly due to stale unclaimed during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that other payables and accrued expenses is fairly stated as at 30.09.2019.
M6
Subject : Amount Owing To Directors

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Lee Ying Seong CA-2 140,077.57 TB 140,077.57 108,368.63 32

Loh Loon Lee CB-2 131,325.90 TB 131,325.90 99,616.96 32
271,403.47 271,403.47 {a} 207,985.59
RECAP RECAP
Lee Ying Seong RM Lee Ying Seong RM
Opening Bal 108,368.63 Opening Bal -
Cash Advanced 31,708.94 Cash Advanced 188,587.04
Payment - Payment (80,218.41)
Closing bal 140,077.57 Closing bal 108,368.63
Loh Loon Lee RM Loh Loon Lee RM

Opening Bal 99,616.96 Opening Bal -
Cash Advanced - Cash Advanced 152,197.30
Payment 31,708.94 Payment (52,580.34)
Closing bal 131,325.90 Closing bal 99,616.96
Increased mainly due to advances from director during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that amount owing to directors is fairly stated as at 31.08.2022
Period : 31.08.2022
Subject : Hire Purchase Payables
Balance as at <--- Adjustment --->
w/p Ref 31.08.2022 DR
RM RM
Hire purchase payables
HP Creditor 61,675.50 TB
HP Interest In Suspense (2,449.36) TB AJE 2
HP Creditor 97,160.50
HP Interest In Suspense (11,208.50) AJE 2
145,178.14
Hire purchase payable

Current portion 145,178.14 RJE 7 106,365.43 AJE 2
Non current portion - RJE 7
145,178.14
Hire purchase payable N2
Less: Interest in suspenses N2
Principal outstanding
Less: Current portion N2
Non current portion N2
Hire Purchase Liabilities

Due within 1 year
Due between 1 to 2 years
Due between 2 to 5 years
More than 5 years
Future finance charges on Hire Purchase Installments
Present value of hire purchase liabilities
The non-current portion is repayable as follows:

Financial years ending Aug 31st,
2022
2023
2024
2025
Flat interest rate
The increase of hire purchase payables mainly due to acquiring two hire purchase payables during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that hire purchase are not materially understated as at 31.08.2022.
N
Reviewed by : WLL
-- Adjustment ---> Adjusted bal

CR 31.08.2022 31.08.2021 Variance
RM RM RM RM'000
61,675.50 82,243.50
1,062.22 (1,387.14) (2,449.36)
97,160.50 124,928.50
4,392.83 (6,815.67) (11,208.50)
150,633.19 193,514.14
5,455.05 44,267.76 42,880.95 44,267.76

106,365.43 106,365.43 150,633.19 106,365.43
150,633.19 193,514.14 (43)
158,836.00 82,243.50
(8,202.81) (2,449.36)
150,633.19 79,794.14
(44,267.76) (42,880.95)
106,365.43 36,913.19
48,336.00 48,336.00
48,336.00 48,336.00
62,164.00 110,500.00
- -
158,836.00 207,172.00
(8,202.81) (13,657.86)
150,633.19 193,514.14
- -
45,654.56
47,012.87
13,698.00
106,365.43 - 0.00
2.73% 2.73%
uring the year.
as at 31.08.2022.
Period : 31.08.2022
Subject : Hire purchase schedule
Description Mitsubishi Triton Toyota Hilux

VEW 5520 VFW 8378
Date of HP agreement 06.08.2021 18.01.2022 N1-a
Cash price 119,626.40 148,867.00

(-) Discount received - (5,085.00)
119,626.40 143,782.00
Registration fee 780.00 550.00
Road tax 793.60 1,248.00
Insurance 3,688.15 5,747.48
124,888.15 151,327.48
(-) Down payment (25,888.15) (26,327.48)
99,000.00 125,000.00
Balance b/f 79,794.14 113,720.00

Additions - -
Add : HP charges 2,449.36 11,208.50
HP Creditors 82,243.50 124,928.50
Less : Instalment paid

Capital (19,505.78) (23,375.17)
HP interest (1,062.22) (4,392.83)
(20,568.00) (27,768.00)
Hire Purchase Creditor 61,675.50 97,160.50 TB

HP Interest Suspenses (1,387.14) (6,815.68) TB
Balance c/f N3 60,288.36 90,344.82
Notes to the financial statement

Due within 1 year 20,568.00 27,768.00
Later than one year and not later than 2 yrs 20,568.00 27,768.00
Later than 2 years and above 20,539.50 41,624.50
61,675.50 97,160.50
Future finance charges (1,387.14) (6,815.68)
60,288.36 90,344.82
Not later than one year 19,805.70 24,462.06

Later than one year and not later than 2 yrs 20,105.62 25,548.94
Later than 2 years and above 20,377.04 40,333.82
60,288.36 90,344.82
Basis of selection
- Tested the whole year transactions
Workdone:
- Checked the interest for the year
Audit findings:
- No exception note
Conclusion:
-not identified any material mistatement
N1
Reviewed by : WLL
TOTAL
RM
268,493.40
(5,085.00)
263,408.40
1,330.00
2,041.60
9,435.63
276,215.63
(52,215.63)
224,000.00
193,514.14
-
13,657.86
207,172.00
(42,880.95)
(5,455.05)
(48,336.00)
158,836.00
(8,202.81)
150,633.19
Year 2021
48,336.00
48,336.00
62,164.00
158,836.00
(8,202.81)
150,633.19
44,267.76
45,654.56
60,710.87
150,633.19
Period : 31.08.2022
Subject : Hire Purchase Payables
Principal + Interest
Hire Purchase Balance @ Addition Repayment
Payables 01.09.2021
RM RM RM
N/{i}
1 Mitsubishi - Triton - VEW 5520 82,243.50 - (20,568.00)
HP Agreement: Public Bank Berhad
Principle: RM99,000.00
Interest: RM3,811.50
Interest Rate: 1.5%
Instalment: RM1,714.00
i) Principle
- RM1,1714.00 x 59 months
- RM1,685.50 x 1 month
Date of commencement : 06.09.2021
2 Toyota Hilux - VFW 8378 124,928.50 - (27,768.00)

HP Agreement: Public Bank Berhad
Principle: RM125,000.00
Interest: RM13,812.50
Interest Rate: 4.2%
Instalment: RM2,314.00
i) Principle
- RM2,314.00 x 59 months
- RM2,286.50 x 1 month
Date of commencement : 08.03.2022
207,172.00 - (48,336.00)
Source
Extracted from respective hire purchase agreements.
Work Done
{i} Test checked payments to authorised payment vouchers and official receipts received from HP payables.
N2
Reviewed by : WLL
st Interest-in-suspenses Principal Outstanding @ 31.08

Balance @ Balance @ Addition Repayment Balance @ Net
31.08.2022 01.09.2021 31.08.2022 Portion
RM RM RM RM RM RM
N3/{i} N
61,675.50 (2,449.36) - 1,062.22 (1,387.14) 60,288.36
PAF
97,160.50 (11,208.50) - 4,392.83 (6,815.68) 90,344.82

PAF
158,836.00 (13,657.86) - 5,455.05 (8,202.81) 150,633.19
N R3-37 N3
rom HP payables.
pared by : SNC 28/03/2023
ewed by : WLL
Principal Outstanding @ 31.08.2022

Less Than More Than The non-current portion is repayable as follows:
12 months 12 months Financial years ending Aug 31st,
RM RM 2023 2024 2025 2026 2027
N N
19,805.70 40,482.66 20,105.62 20,377.04 - - -
24,462.06 65,882.77 25,548.94 26,635.83 13,698.00 - -
44,267.76 106,365.43 45,654.56 47,012.87 13,698.00 - -

as follows:
1st,
2028 TOTAL
- 40,482.66 -
- 65,882.77 -
- 106,365.43
Period : 31.08.2022
Subject: Hire Purchase / Lease Payables - Amortisation Table
Finance co Public Bank Berhad

Asset Mitsubishi - Triton - VEW 5520
Date of agreement 06.08.2021
Date of expiry 06.08.2025
RM Nominal rate
Amount Finance : 99,000 2.73%
Interest Payable : 3,812
Total Amount Payable : 102,812
Total number of instalments 60
Number of years 5
Monthly instalment 1,714.00
Number instalment a year 12
Workings:
RM
Total Amount Payable 20,568
Interest In Suspense (1,387)
Bal C/F 19,181
Principal
Amount Payable RM
- within 1 year 19,806
- within 1-2 years 20,106
- more than 5 years
Carrying value 60,288
Finance company Public Bank Berhad

Description Mitsubishi - Triton - VEW 5520
Tenor 60 [a]
Sum of finance 99,000.00 [b]
Total Cost 119,626.40
Less Deposit 20,626.40
Principal 99,000.00 [i]
Total interest 3,811.50 [c] 0.32%
Sum of digits 1,830 [d]=[a]/2*([a]+1)
Instalment 1st - 59th 1,714.00 [e]
Final Instalment - 60th 1,685.50
9200
[a] 7-Jan-00 [b] [g]=[e]-[f] [f]=[a]/[d]*[c]
Instalment Date of payment Bal b/f Principal paid Interest paid
60 6-Sep-20 102,811.50 1,589.03 124.97
59 6-Oct-20 101,097.50 1,591.12 122.88
58 6-Nov-20 99,383.50 1,593.20 120.80
57 6-Dec-20 97,669.50 1,595.28 118.72
56 6-Jan-21 95,955.50 1,597.36 116.64
55 6-Feb-21 94,241.50 1,599.45 114.55
54 6-Mar-21 92,527.50 1,601.53 112.47
53 6-Apr-21 90,813.50 1,603.61 110.39
52 6-May-21 89,099.50 1,605.70 108.30
51 6-Jun-21 87,385.50 1,607.78 106.22
50 6-Jul-21 85,671.50 1,609.86 104.14
49 6-Aug-21 83,957.50 1,611.94 102.06
48 6-Sep-21 82,243.50 1,614.03 99.97
47 6-Oct-21 80,529.50 1,616.11 97.89
46 6-Nov-21 78,815.50 1,618.19 95.81
45 6-Dec-21 77,101.50 1,620.27 93.73
44 6-Jan-22 75,387.50 1,622.36 91.64
43 6-Feb-22 73,673.50 1,624.44 89.56
42 6-Mar-22 71,959.50 1,626.52 87.48
41 6-Apr-22 70,245.50 1,628.61 85.39
40 6-May-22 68,531.50 1,630.69 83.31
39 6-Jun-22 66,817.50 1,632.77 81.23
38 6-Jul-22 65,103.50 1,634.85 79.15
37 6-Aug-22 63,389.50 1,636.94 77.06
36 6-Sep-22 61,675.50 1,639.02 74.98
35 6-Oct-22 59,961.50 1,641.10 72.90
34 6-Nov-22 58,247.50 1,643.19 70.81
33 6-Dec-22 56,533.50 1,645.27 68.73
32 6-Jan-23 54,819.50 1,647.35 66.65
31 6-Feb-23 53,105.50 1,649.43 64.57
30 6-Mar-23 51,391.50 1,651.52 62.48
29 6-Apr-23 49,677.50 1,653.60 60.40
28 6-May-23 47,963.50 1,655.68 58.32
27 6-Jun-23 46,249.50 1,657.76 56.24
26 6-Jul-23 44,535.50 1,659.85 54.15
25 6-Aug-23 42,821.50 1,661.93 52.07
24 6-Sep-23 41,107.50 1,664.01 49.99
23 6-Oct-23 39,393.50 1,666.10 47.90
22 6-Nov-23 37,679.50 1,668.18 45.82
21 6-Dec-23 35,965.50 1,670.26 43.74
20 6-Jan-24 34,251.50 1,672.34 41.66
19 6-Feb-24 32,537.50 1,674.43 39.57
18 6-Mar-24 30,823.50 1,676.51 37.49
17 6-Apr-24 29,109.50 1,678.59 35.41
16 6-May-24 27,395.50 1,680.68 33.32
15 6-Jun-24 25,681.50 1,682.76 31.24
14 6-Jul-24 23,967.50 1,684.84 29.16
13 6-Aug-24 22,253.50 1,686.92 27.08
12 6-Sep-24 20,539.50 1,689.01 24.99
11 6-Oct-24 18,825.50 1,691.09 22.91
10 6-Nov-24 17,111.50 1,693.17 20.83
9 6-Dec-24 15,397.50 1,695.25 18.75
8 6-Jan-25 13,683.50 1,697.34 16.66
7 6-Feb-25 11,969.50 1,699.42 14.58
6 6-Mar-25 10,255.50 1,701.50 12.50
5 6-Apr-25 8,541.50 1,703.59 10.41
4 6-May-25 6,827.50 1,705.67 8.33
3 6-Jun-25 5,113.50 1,707.75 6.25
2 6-Jul-25 3,399.50 1,709.83 4.17
1 6-Aug-25 1,685.50 1,683.42 2.08
99,000.00 3,811.50
- -
Disclosure as at 31.08.2022 :-
Future value hire purchase payment
RM
- within 12 months 20,568.00
- between 1 - 2 years 20,568.00
- between 2 - 5 years 20,539.50
- after 5 years -
61,675.50
Less : Finance Charges (1,387.14)
60,288.36
N3
Reviewed by : WLL
Effective interest
1.51%
N2
BS BS
1,362.14 2,793.00 (1,430.86)
1,362.14
4772 & 4882 2557 (3004)
[b]-[g]-[f] [c]-[f] Montly HP creditor Total Total
Gross bal c/f Int in sus c/f Installments C/F Principal Interest paid
101,097.50 3,686.53 1,714.00
99,383.50 3,563.65 1,714.00
97,669.50 3,442.85 1,714.00
95,955.50 3,324.13 1,714.00
94,241.50 3,207.49 1,714.00
92,527.50 3,092.94 1,714.00
90,813.50 2,980.47 1,714.00
89,099.50 2,870.08 1,714.00
87,385.50 2,761.78 1,714.00
85,671.50 2,655.55 1,714.00
83,957.50 2,551.41 1,714.00 11,280.00
82,243.50 2,449.36 1,714.00 79,794.14 19,205.86 1,362.14
80,529.50 2,349.38 1,714.00
78,815.50 2,251.49 1,714.00
77,101.50 2,155.68 1,714.00
75,387.50 2,061.96 1,714.00
73,673.50 1,970.32 1,714.00
71,959.50 1,880.76 1,714.00
70,245.50 1,793.28 1,714.00
68,531.50 1,707.89 1,714.00
66,817.50 1,624.57 1,714.00
65,103.50 1,543.35 1,714.00
63,389.50 1,464.20 1,714.00
61,675.50 1,387.14 1,714.00 60,288.36 19,505.78 1,062.22
59,961.50 1,312.16 1,714.00
58,247.50 1,239.26 1,714.00
56,533.50 1,168.44 1,714.00
54,819.50 1,099.71 1,714.00
53,105.50 1,033.06 1,714.00
51,391.50 968.50 1,714.00
49,677.50 906.01 1,714.00
47,963.50 845.61 1,714.00
46,249.50 787.29 1,714.00
44,535.50 731.06 1,714.00
42,821.50 676.91 1,714.00
41,107.50 624.84 1,714.00 40,482.66 19,805.70 762.30
39,393.50 574.85 1,714.00
37,679.50 526.95 1,714.00
35,965.50 481.12 1,714.00
34,251.50 437.39 1,714.00
32,537.50 395.73 1,714.00
30,823.50 356.16 1,714.00
29,109.50 318.67 1,714.00
27,395.50 283.26 1,714.00
25,681.50 249.93 1,714.00
23,967.50 218.69 1,714.00
22,253.50 189.53 1,714.00
20,539.50 162.46 1,714.00 20,377.04 20,105.62 462.38
18,825.50 137.46 1,714.00
17,111.50 114.55 1,714.00
15,397.50 93.73 1,714.00
13,683.50 74.98 1,714.00
11,969.50 58.32 1,714.00
10,255.50 43.74 1,714.00
8,541.50 31.24 1,714.00
6,827.50 20.83 1,714.00
5,113.50 12.50 1,714.00
3,399.50 6.25 1,714.00
1,685.50 2.08 1,714.00
(0.00) 0.00 1,685.50 (0.00) 20,377.04 162.46
102,811.50 110,280.00 3,811.50
RM
- between 1 - 2 years 20,105.62
- between 2 - 5 years 20,377.04
- after 5 years -
60,288.36
Q1
-
O1
Subject: Deferred revenue - Lead
Balance as at <--- Adjustment ---> Adjusted bal

w/p Ref #REF! DR CR #REF! #REF! Variance
LY %
Deferred revenue - Current TB O3 827,768.94 827,769 416,865 99%

###
- Non current TB O3 231,275.01 231,275 154,704 49%

###
TOTAL DEFERRED REVENUE 1,059,044 - - 1,059,044 571,569 85%

###
Ø Ø Ø
Overall Analytical Review

Increased due to service has not been provided to customer while recorded as deferred revenue during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
O2
Subject: Verification of Deferred revenue
Objective: To obtain a reasonable assurance on the validity and accuracy of balances as of reporting date
Source: Other receivables listing as of reporting date
Basis of selection: 100%
Findings:
WP Balance at Date Date Amount Date of Subsequent

ref 31-Mar-19 Sent Received confirmed Difference receipt Receipts
RM RM RM RM
C BS AL
Total Samples - - - - -
Population 1,059,044
Coverage (at least 50%) 0%
Alternative tests of vouching MUST be performed for those debts circularised but not received. This includes brought forward balances.
The only exception is debts fully provided for as the financial impact has been accounted for.
This is required by the International Standards on Auditing
C Confirmation Circularised
BS Checked to Bank in Slips / Bank Statements / Official Receipts
INV Checked to Invoices
DO Checked to Delivery Orders
AL Agreed to letter of loan signed by director and borrowers.
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level
O3
Subject: Deferred Revenue - Verifications
Objective: To test if the balances reported is reasonably accurate and verify to source doucments for its validity
Source: Accruals listing as at reporting date
Basis of selection: 100%
Work steps: 1) For item under basis of selection, trace to the detailed listing and ensure that the accruals or provisions are properly taken up
2) For further work done, please refer to the respective audit working papers.
Balance as at <--- Adjustment ---> Adjusted bal

w/p Ref #REF! DR CR #REF! #REF! Variance
RM RM RM RM RM RM'000 %
GL LY
Deferred revenue
Non current
Hitachi Sunway 15,000 15,000 - 15,000 (15) -100%
United Overseas Bank (M) Berhad 16,500 16,500 - 16,500 (17) -100%
Sunway Construction SB 18,333 5,500 12,833.34 18,333 (5) -30%
Vizone Solutions SB 7,583 7,583 - 7,583 (8) -100%
Sunway Shared Services SB 3,088 3,088 - 3,088 (3) -100%
Bank Islam Malaysia Berhad 42,000 42,000 - 42,000 (42) -100%
Bank Islam Malaysia Berhad 52,200 52,200 - 52,200 (52) -100%
SUNWAY CONSTRUCTION SDN BHD 4,942 4,941.67 - 5 #DIV/0!

Sunway Shared Services Sdn Bhd 213,500 213,500.00 - 214 #DIV/0!
O1/O5-2018.ref 154,704 O6 141,871 218,442 231,275.01 154,704

Current
United Overseas Bank (Malaysia) Bhd 8,250 8,250 - 8,250 (8) -100%
CTC Global Sdn Bhd 11,063 11,063 - 11,063 (11) -100%
LeapEd Services Sdn. Bhd. 7,232 7,232 - 7,232 (7) -100%
Vizone Solutions Sdn Bhd 7,583 7,583 - 7,583 (8) -100%
Bank Muamalat Malaysia Berhad 8,750 8,750 - 8,750 (9) -100%
Sepakat Setia Perunding Sdn Bhd 23,000 23,000 - 23,000 (23) -100%
CTC Global Sdn Bhd (UOB) 15,000 15,000 - 15,000 (15) -100%
Sunway Shared Services Sdn Bhd 7,500 7,500 - 7,500 (8) -100%
K2 Baseline Sdn Bhd 8,667 8,667 - 8,667 (9) -100%
Sunway Construction Sdn Bhd 4,875 4,875 - 4,875 (5) -100%
Sunway Velocity Mall Sdn Bhd 3,180 3,180 - 3,180 (3) -100%
Petronas ICT Sdn. Bhd. 87,450 87,450 - 87,450 (87) -100%
Sunway Pals Loyalty Sdn Bhd 8,333 8,333 - 8,333 (8) -100%
CIMB Bank Berhad 17,500 17,500 - 17,500 (18) -100%
Lonpac Insurance Berhad 10,500 10,500 - 10,500 (11) -100%
Sunway Shared Services Sdn Bhd 10,875 10,875 - 10,875 (11) -100%
Al Rajhi Bank 10,500 10,500 - 10,500 (11) -100%
Al Rajhi Bank 9,000 9,000 - 9,000 (9) -100%
SUNWAY CONSTRUCTION SDN BHD 2,383 2,383 - 2,383 (2) -100%
Sun Life Malaysia Assurance Berhad 41,100 41,100 - 41,100 (41) -100%
Credit Guarantee Corporation Malaysia Berhad 7,000 7,000 - 7,000 (7) -100%
Sunway Shared Services Sdn Bhd 73,412 61,177 12,235.00 73,412 (61) -83%
United Overseas Bank (Malaysia) Bhd 8,250 8,250.00 - 8 #DIV/0!
SUNWAY BINTANG SDN BHD 1,417 1,416.67 - 1 #DIV/0!
Sunway Marketing Sdn Bhd 1,625 1,625.00 - 2 #DIV/0!
Sunway Iskandar Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Bank Islam Malaysia Berhad 2,708 2,708.33 - 3 #DIV/0!
Vizone Solutions Sdn Bhd 2,167 2,166.67 - 2 #DIV/0!
Sunway Paving Solutions Sdn Bhd - Senai 2,000 2,000.00 - 2 #DIV/0!
Maybank Shared Services Sdn Bhd 15,000 15,000.00 - 15 #DIV/0!
NetAssist (M) Sdn Bhd 2,292 2,291.67 - 2 #DIV/0!
Sunway Paving Solutions Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Mass Rapid Transit Corporation Sdn Bhd 2,708 2,708.33 - 3 #DIV/0!
Felda Prodata Systems Sdn Bhd 3,125 3,125.00 - 3 #DIV/0!
Sunway Construction Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Ipay88 (M) Sdn Bhd 6,000 6,000.00 - 6 #DIV/0!
Vizone Solutions Sdn Bhd 7,583 7,583.33 - 8 #DIV/0!
Hong Leong Bank Berhad 7,560 7,560.00 - 8 #DIV/0!
Sunway Medical Centre Sdn Bhd 5,000 5,000.00 - 5 #DIV/0!
CTC Global Sdn Bhd / UOB 15,000 15,000.00 - 15 #DIV/0!
Petronas ICT Sdn. Bhd. 87,450 87,450.00 - 87 #DIV/0!
Credit Guarantee Corporation Malaysia Berhad 7,000 7,000.00 - 7 #DIV/0!
Lonpac Insurance Berhad 10,500 10,500.00 - 11 #DIV/0!
CARLSBERG BREWERY MALAYSIA BERHAD 2,250 2,250.00 - 2 #DIV/0!
Bank Muamalat Malaysia Berhad 8,750 8,750.00 - 9 #DIV/0!
Maybank Shared Services Sdn Bhd 11,250 11,250.00 - 11 #DIV/0!
Sunway Pals Loyalty Sdn Bhd 7,500 7,500.00 - 8 #DIV/0!
CIMB Bank Berhad 21,000 21,000.00 - 21 #DIV/0!
Sunway Velocity Mall Sdn Bhd 3,300 3,300.00 - 3 #DIV/0!
RHB TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REIT)(PUTRA) 3,300 3,300.00 - 3 #DIV/0!
RHB Trustee Berhad (as trustee for Sunway REIT)Carnival 5,500 5,500.00 - 6 #DIV/0!
Felda Prodata Systems Sdn Bhd 11,000 11,000.00 - 11 #DIV/0!
Bank Muamalat Malaysia Berhad 9,750 9,750.00 - 10 #DIV/0!
Sun Life Malaysia Assurance Berhad 18,000 18,000.00 - 18 #DIV/0!
SUNWAY PAVING SOLUTIONS SDN BHD 2,625 2,625.00 - 3 #DIV/0!
Axiata Group Berhad 3,208 3,208.33 - 3 #DIV/0!
LeapEd Services Sdn. Bhd. 36,450 36,450.00 - 36 #DIV/0!
Bank Negara Malaysia 5,000 5,000.00 - 5 #DIV/0!
Sunway Construction SB 5,500 5,500.33
O4 / O4-2018.ref 416,865 404,630 815,534 827,768.94 416,865 411 99%
TOTAL 571,569 O4 546,501 O5 1,033,975 1,059,043.95 571,569 487 85%
Ø Ø Ø
Workdone:
LY -Agreed to last year audited balance
GL -Agreed to General Ledger
Ø -Casting checked
OR -Verified to official receipt
SS -Checked to subsequent year ended sale invoice
C Confirmation Circularised
Coverage: Deferred revenue Outstanding Paid on Amount settled Reference number

Sunway Construction SB 12,833
SUNWAY CONSTRUCTION SDN BHD 4,942
Sunway Shared Services Sdn Bhd 213,500
United Overseas Bank (Malaysia) Bhd 8,250
SUNWAY BINTANG SDN BHD 1,417
Sunway Marketing Sdn Bhd 1,625
Sunway Iskandar Sdn Bhd 1,500
Bank Islam Malaysia Berhad 2,708
Vizone Solutions Sdn Bhd 2,167
Sunway Paving Solutions Sdn Bhd - Senai 2,000
Maybank Shared Services Sdn Bhd 15,000
NetAssist (M) Sdn Bhd 2,292
Sunway Paving Solutions Sdn Bhd 1,500
Mass Rapid Transit Corporation Sdn Bhd 2,708
Felda Prodata Systems Sdn Bhd 3,125
Sunway Construction Sdn Bhd 1,500
Ipay88 (M) Sdn Bhd 6,000
Vizone Solutions Sdn Bhd 7,583
Hong Leong Bank Berhad 7,560
Sunway Medical Centre Sdn Bhd 5,000
CTC Global Sdn Bhd / UOB 15,000
Petronas ICT Sdn. Bhd. 87,450
Credit Guarantee Corporation Malaysia Berh 7,000
Lonpac Insurance Berhad 10,500
CARLSBERG BREWERY MALAYSIA BERH 2,250
Bank Muamalat Malaysia Berhad 8,750
Maybank Shared Services Sdn Bhd 11,250
Sunway Pals Loyalty Sdn Bhd 7,500
CIMB Bank Berhad 21,000
Sunway Velocity Mall Sdn Bhd 3,300
RHB TRUSTEES BERHAD (AS TRUSTEE F 3,300
RHB Trustee Berhad (as trustee for Sunway 5,500
Felda Prodata Systems Sdn Bhd 11,000
Bank Muamalat Malaysia Berhad 9,750
Sun Life Malaysia Assurance Berhad 18,000
SUNWAY PAVING SOLUTIONS SDN BHD 2,625
Axiata Group Berhad 3,208
LeapEd Services Sdn. Bhd. 36,450
Bank Negara Malaysia 5,000
Sunway Construction SB 5,500
1,059,044 -
Coverage: 128% 0%
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
O5
Deferred revenue
based on Diff.
Month for
Service period Invoices Contract sum - current year Deferred Recognised as Deferred Remaining
Customers Invoices Invoices Date Service period month Amount Services renenue revenue sales revenue Contract period Remaining period Overstated FY2020 FY2020
Start Date End Date B/F Current year C/F WP
RM RM RM RM RM RM RM RM RM RM
YA 2019
1 United Overseas Bank (Malaysia) Bhd INV180074 15-May-18 1-Jul-18 30-Jun-19 12 63,000.00 33,000.00 9 24,750.00 8,250.00 3 8,250.00 8,250.00
2 SUNWAY CONSTRUCTION SDN BHD INV180087 2-Jul-18 22-Jun-18 22-Jun-21 36 17,825.00 14,825.00 10 4,118.06 10,706.94 26 10,706.94 10,706.94
3 SUNWAY BINTANG SDN BHD INV180089 28-May-18 17-May-19 17-May-19 12 11,000.00 8,500.00 10 7,083.33 1,416.67 2 1,416.67 1,416.67
4 Sunway Marketing Sdn Bhd INV180097-1 20-Jun-18 18-Jun-18 18-Jun-19 12 41,700.00 6,500.00 9 4,875.00 1,625.00 3 1,625.00 1,625.00
5 Sunway Iskandar Sdn Bhd INV180104 18-Jul-18 30-Jun-18 30-Jun-19 12 13,412.00 6,000.00 9 4,500.00 1,500.00 3 1,500.00 1,500.00
6 Bank Islam Malaysia Berhad INV180106 24-Jul-18 02-May-18 02-May-19 12 40,900.00 32,500.00 11 29,791.67 2,708.33 1 2,708.33 2,708.33
7 Vizone Solutions Sdn Bhd INV180115 15-Aug-18 24-Jul-18 23-Jul-19 12 6,500.00 6,500.00 8 4,333.33 2,166.67 4 2,166.67 2,166.67
8 Sunway Paving Solutions Sdn Bhd - Senai INV180123 27-Aug-18 30-Jul-18 30-Jul-19 12 11,240.00 6,000.00 8 4,000.00 2,000.00 4 2,000.00 2,000.00
9 Maybank Shared Services Sdn Bhd INV180125 27-Aug-18 15-Aug-18 15-Aug-19 12 252,324.68 45,000.00 8 30,000.00 15,000.00 4 15,000.00 15,000.00
10 NetAssist (M) Sdn Bhd INV180131 30-Aug-18 28/Aug/18 28/Aug/19 12 28,600.00 5,500.00 7 3,208.33 2,291.67 5 2,291.67 2,291.67
11 Sunway Paving Solutions Sdn Bhd INV180132 30-Aug-18 10/Aug/18 10/Aug/19 12 9,765.00 4,500.00 8 3,000.00 1,500.00 4 1,500.00 1,500.00
12 Mass Rapid Transit Corporation Sdn Bhd INV18-09-001 4-Sep-18 30/Aug/18 30/Aug/19 12 21,900.00 6,500.00 7 3,791.67 2,708.33 5 2,708.33 2,708.33
13 Felda Prodata Systems Sdn Bhd INV18-09-003 7-Sep-18 5/Sep/18 5/Sep/19 12 15,000.00 7,500.00 7 4,375.00 3,125.00 5 3,125.00 3,125.00
14 United Overseas Bank (Malaysia) Bhd INV18-09-007 19-Sep-18 1-Jan-19 31-Dec-19 12 40,850.00 9,500.00 3 2,375.00 7,125.00 9 7,125.00 7,125.00
15 Sunway Construction Sdn Bhd INV18-10-004 4-Oct-18 30-Jun-18 30-Jun-19 12 13,412.00 6,000.00 9 4,500.00 1,500.00 3 1,500.00 1,500.00
16 Ipay88 (M) Sdn Bhd INV18-11-009 28-Nov-18 1-Dec-18 1-Dec-19 12 28,750.00 9,000.00 4 3,000.00 6,000.00 8 6,000.00 6,000.00
17 Vizone Solutions Sdn Bhd INV18-12-001 3-Dec-18 1-Nov-18 31-Oct-19 12 13,000.00 13,000.00 5 5,416.67 7,583.33 7 7,583.33 7,583.33
18 United Overseas Bank (Malaysia) Bhd INV18-12-010 3-Dec-18 1-Jan-19 31-Dec-19 12 108,318.33 15,000.00 3 3,750.00 11,250.00 9 11,250.00 11,250.00
19 Hong Leong Bank Berhad INV18-12-015 11-Dec-18 1-Jan-19 31-Dec-19 10 54,090.00 10,800.00 3 3,240.00 7,560.00 7 7,560.00 7,560.00
20 Sunway Shared Services Sdn Bhd INV18-12-017 18-Dec-18 19-Dec-18 19-Dec-19 12 51,000.00 10,000.00 4 3,333.33 6,666.67 8 6,666.67 6,666.67
21 Sunway Medical Centre Sdn Bhd INV18-12-018 18-Dec-18 4-Dec-18 4-Dec-19 12 19,500.00 7,500.00 4 2,500.00 5,000.00 8 5,000.00 5,000.00
22 CTC Global Sdn Bhd / UOB INV18-12-022 21-Dec-18 1-Jan-19 31-Dec-19 12 66,500.00 20,000.00 3 5,000.00 15,000.00 9 15,000.00 15,000.00
23 Sunway Shared Services Sdn Bhd INV18-12-023 26-Dec-18 26-Dec-18 26-Dec-19 12 46,100.00 9,500.00 3 2,375.00 7,125.00 9 7,125.00 7,125.00
25 Petronas ICT Sdn. Bhd. INV18-12-025 28-Dec-18 1-Jan-19 31-Dec-19 12 227,600.00 116,600.00 3 29,150.00 87,450.00 9 87,450.00 87,450.00
26 Credit Guarantee Corporation Malaysia Berhad INV19-01-001 2-Jan-19 5-Nov-18 5-Nov-19 12 55,600.00 12,000.00 5 5,000.00 7,000.00 7 7,000.00 7,000.00
27 Lonpac Insurance Berhad INV19-01-002 4-Jan-19 1-Jan-19 31-Dec-19 12 54,500.00 14,000.00 3 3,500.00 10,500.00 9 10,500.00 10,500.00
28 CARLSBERG BREWERY MALAYSIA BERHAD INV19-01-003 15-Jan-19 1-Jan-19 31-Dec-19 12 14,800.00 3,000.00 3 750.00 2,250.00 9 2,250.00 2,250.00
29 Bank Muamalat Malaysia Berhad INV19-01-005 23-Jan-19 3-Nov-18 2-Nov-19 12 15,000.00 15,000.00 5 6,250.00 8,750.00 7 8,750.00 8,750.00
30 Maybank Shared Services Sdn Bhd INV19-01-008 24-Jan-19 1-Jan-19 31-Dec-19 12 326,000.00 15,000.00 3 3,750.00 11,250.00 9 11,250.00 11,250.00
31 Sunway Pals Loyalty Sdn Bhd INV19-01-011 25-Jan-19 8-Jan-19 9-Jan-20 12 57,225.00 10,000.00 3 2,500.00 7,500.00 9 7,500.00 7,500.00
32 CIMB Bank Berhad INV19-02-001 14-Feb-19 1-Nov-18 31-Oct-19 12 120,807.50 36,000.00 5 15,000.00 21,000.00 7 21,000.00 21,000.00
33 Sunway Velocity Mall Sdn Bhd INV19-02-002 15-Feb-19 1-Jan-19 31-Dec-19 12 10,300.00 4,400.00 3 1,100.00 3,300.00 9 3,300.00 3,300.00
34 RHB TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REIT) INV19-02-004 19-Feb-19 1-Jan-19 31-Dec-19 10,300.00 4,400.00 3
(PUTRA) 12 1,100.00 3,300.00 9 3,300.00 3,300.00
35 RHB Trustee Berhad (as trustee for Sunway REIT)Carnival INV19-02-005 19-Feb-19 15-Mar-19 15-Mar-20 12 11,005.00 6,000.00 1 500.00 5,500.00 11 5,500.00 5,500.00
36 Felda Prodata Systems Sdn Bhd INV19-03-001 12-Mar-19 12-Mar-19 11-Mar-20 12 31,000.00 12,000.00 1 1,000.00 11,000.00 11 11,000.00 11,000.00
37 Bank Muamalat Malaysia Berhad INV19-03-002 8-Mar-19 16-Jan-19 15-Jan-20 12 198,000.00 13,000.00 3 3,250.00 9,750.00 9 9,750.00 9,750.00
38 Sun Life Malaysia Assurance Berhad INV19-03-004 12-Mar-19 1-Apr-19 31-Mar-20 12 42,250.00 18,000.00 0 - 18,000.00 12 18,000.00 18,000.00
39 SUNWAY CONSTRUCTION SDN BHD INV19-03-005 15-Mar-19 21-Dec-18 21-Dec-19 12 17,900.00 6,500.00 4 2,166.67 4,333.33 8 4,333.33 4,333.33
40 SUNWAY PAVING SOLUTIONS SDN BHD INV19-03-006 15-Mar-19 14-Jan-19 14-Jan-20 12 5,640.00 3,500.00 3 875.00 2,625.00 9 2,625.00 2,625.00
41 Axiata Group Berhad INV19-03-009 20-Mar-19 15-Mar-19 15-Mar-20 12 10,470.00 3,500.00 1 291.67 3,208.33 11 3,208.33 3,208.33
42 LeapEd Services Sdn. Bhd. INV19-03-014 27-Mar-19 1-Jan-19 31-Dec-19 12 48,600.00 48,600.00 3 12,150.00 36,450.00 9 36,450.00 36,450.00
43 Bank Negara Malaysia INV19-03-017 29-Mar-19 28-Mar-19 28-Mar-20 12 27,800.00 5,000.00 0 - 5,000.00 12 5,000.00 5,000.00
24 Sunway Shared Services Sdn Bhd INV18-12-024 28-Dec-18 12-May-19 12-May-22 36 640,500.00 640,500.00 0 - 640,500.00 O5-1 36 640,500.00 640,500.00
Work Done
C Checked to sales contract with customers and verify the term of the contract.
CA Checked computation for the amortisation of the sales recognised during the period. 1,028,475.28 O1 /O3
S Checked to sales invoices.
GL As per GL.
LY As per prior year.
Ø Casting.
O6
Deferred revenue
Service Month for
period Contract sum - current year Remaining based on Diff.
Customers Invoices Invoices Date Service period month WP Invoices Amount Services renenue Deferred revenue Recognised as sales Deferred revenue Contract period Remaining period Overstated Current Non-current
B/F Current year C/F WP
RM RM RM RM RM RM RM RM RM
YA 2014
2 Hitachi Sunway 140001 20.01.14 16.01.14 to 15.01.18 60 394,940.00 100,000.00 55,000.00 20,000.00 35,000.00 RM 100,000/5 years 21 35,000.00 - 20,000.00 15,000.00 (15,000.00)
6 United Overseas Bank (M) Berhad 160052-1 29.11.16 1.6.17 to 31.5.18 12 126,000.00 99,000.00 - - 99,000.00 12 99,000.00 - 82,500.00 16,500.00 (16,500.00)
15 Sunway Construction SB 160078 15.8.16 12.8.16 to 12.8.21 60 89,410.00 27,500.00 - 3,666.67 23,833.33 52 23,833.33 - 5,500.00 18,333.33 (5,500.00)
24 Vizone Solutions SB 160111 5.12.16 1.11.16 to 31.10.18 24 26,000.00 26,000.00 - 5,416.67 20,583.33 19 20,583.33 - 13,000.00 7,583.33 (7,583.33)
36 Sunway Shared Services SB 170007 16.1.17 29.5.17 to 29.5.18 12 57,000.00 18,500.00 - - 18,500.00 12 18,500.00 - 15,412.00 3,088.00 (3,088.00)
*Fully recognised as
48 Bank Islam Malaysia Berhad 170014 8.2.17 until 2.10.17 haven't confirm 42,000.00 42,000.00 - - 42,000.00 42,000.00 - - 42,000.00 (42,000.00) deferred revenue.
*Fully recognised as
49 Bank Islam Malaysia Berhad 170014-1 8.2.17 until 2.10.17 haven't confirm 52,200.00 52,200.00 - - 52,200.00 52,200.00 - - 52,200.00 (52,200.00) deferred revenue.
265,200.00 - 9,083.33 256,116.67 256,116.67 - 116,412.00 154,704.67 (141,871.33)
O3
Remarks
Job completed
Job completed
Support still on going till 2021
Job completed
Job completed
Job completed
INV170014-1 cancelled
replaced by INV180102
Period : 31.08.2022
Subject: Hire Purchase / Lease Payables - Amortisation Table
Finance co Public Bank Berhad

Asset Toyota Hilux - VFW 8378
RM Nominal rate
Amount Finance : 125,000 2.73%
Interest Payable : 13,813
Total Amount Payable : 138,813
Number of years 5
Monthly instalment 2,314.00
Number instalment a year 12
Workings:
RM
Total Amount Payable 27,768
Interest In Suspense (6,816)
Bal C/F 20,952
Principal
Amount Payable RM
- within 1 year 24,462
- more than 5 years
Carrying value 90,345
Finance company Public Bank Berhad

Description Toyota Hilux - VFW 8378
Tenor 60 [a]
Sum of finance 125,000.00 [b]
Total Cost 142,782.00
Less Deposit 17,782.00
Principal 125,000.00 [i]
Total interest 13,812.50 [c] 0.92%
Sum of digits 1,830 [d]=[a]/2*([a]+1)
Instalment 1st - 59th 2,314.00 [e]
Final Instalment - 60th 2,286.50
9200
[a] 7-Jan-00 [b] [g]=[e]-[f] [f]=[a]/[d]*[c]
Instalment Date of payment Bal b/f Principal paid Interest paid
60 6-Mar-21 138,812.50 1,861.13 452.87
59 6-Apr-21 136,498.50 1,868.68 445.32
58 6-May-21 134,184.50 1,876.23 437.77
57 6-Jun-21 131,870.50 1,883.77 430.23
56 6-Jul-21 129,556.50 1,891.32 422.68
55 6-Aug-21 127,242.50 1,898.87 415.13
54 6-Sep-21 124,928.50 1,906.42 407.58
53 6-Oct-21 122,614.50 1,913.97 400.03
52 6-Nov-21 120,300.50 1,921.51 392.49
51 6-Dec-21 117,986.50 1,929.06 384.94
50 6-Jan-22 115,672.50 1,936.61 377.39
49 6-Feb-22 113,358.50 1,944.16 369.84
48 6-Mar-22 111,044.50 1,951.70 362.30
47 6-Apr-22 108,730.50 1,959.25 354.75
46 6-May-22 106,416.50 1,966.80 347.20
45 6-Jun-22 104,102.50 1,974.35 339.65
44 6-Jul-22 101,788.50 1,981.90 332.10
43 6-Aug-22 99,474.50 1,989.44 324.56
42 6-Sep-22 97,160.50 1,996.99 317.01
41 6-Oct-22 94,846.50 2,004.54 309.46
40 6-Nov-22 92,532.50 2,012.09 301.91
39 6-Dec-22 90,218.50 2,019.64 294.36
38 6-Jan-23 87,904.50 2,027.18 286.82
37 6-Feb-23 85,590.50 2,034.73 279.27
36 6-Mar-23 83,276.50 2,042.28 271.72
35 6-Apr-23 80,962.50 2,049.83 264.17
34 6-May-23 78,648.50 2,057.37 256.63
33 6-Jun-23 76,334.50 2,064.92 249.08
32 6-Jul-23 74,020.50 2,072.47 241.53
31 6-Aug-23 71,706.50 2,080.02 233.98
30 6-Sep-23 69,392.50 2,087.57 226.43
29 6-Oct-23 67,078.50 2,095.11 218.89
28 6-Nov-23 64,764.50 2,102.66 211.34
27 6-Dec-23 62,450.50 2,110.21 203.79
26 6-Jan-24 60,136.50 2,117.76 196.24
25 6-Feb-24 57,822.50 2,125.30 188.70
24 6-Mar-24 55,508.50 2,132.85 181.15
23 6-Apr-24 53,194.50 2,140.40 173.60
22 6-May-24 50,880.50 2,147.95 166.05
21 6-Jun-24 48,566.50 2,155.50 158.50
20 6-Jul-24 46,252.50 2,163.04 150.96
19 6-Aug-24 43,938.50 2,170.59 143.41
18 6-Sep-24 41,624.50 2,178.14 135.86
17 6-Oct-24 39,310.50 2,185.69 128.31
16 6-Nov-24 36,996.50 2,193.23 120.77
15 6-Dec-24 34,682.50 2,200.78 113.22
14 6-Jan-25 32,368.50 2,208.33 105.67
13 6-Feb-25 30,054.50 2,215.88 98.12
12 6-Mar-25 27,740.50 2,223.43 90.57
11 6-Apr-25 25,426.50 2,230.97 83.03
10 6-May-25 23,112.50 2,238.52 75.48
9 6-Jun-25 20,798.50 2,246.07 67.93
8 6-Jul-25 18,484.50 2,253.62 60.38
7 6-Aug-25 16,170.50 2,261.17 52.83
6 6-Sep-25 13,856.50 2,268.71 45.29
5 6-Oct-25 11,542.50 2,276.26 37.74
4 6-Nov-25 9,228.50 2,283.81 30.19
3 6-Dec-25 6,914.50 2,291.36 22.64
2 6-Jan-26 4,600.50 2,298.90 15.10
1 6-Feb-26 2,286.50 2,278.95 7.55
125,000.00 13,812.50
- -
Disclosure as at 31.08.2022 :-
Future value hire purchase payment
RM
- between 1 - 2 years 27,768.00
- between 2 - 5 years 41,624.50
- after 5 years -
97,160.50
Less : Finance Charges (6,815.68)
90,344.82
N3
Reviewed by : WLL
Effective interest
4.21%
N2
BS BS
4,936.27 2,793.00 2,143.27

4,936.27
4772 & 4882 2557 (3004)

[b]-[g]-[f] [c]-[f] Montly HP creditor Total Total
Gross bal c/f Int in sus c/f Installments C/F Principal Interest paid
136,498.50 13,359.63 2,314.00
134,184.50 12,914.31 2,314.00
131,870.50 12,476.54 2,314.00
129,556.50 12,046.31 2,314.00
127,242.50 11,623.63 2,314.00
124,928.50 11,208.50 2,314.00 113,720.00 11,280.00 2,604.00
122,614.50 10,800.92 2,314.00
120,300.50 10,400.89 2,314.00
117,986.50 10,008.40 2,314.00
115,672.50 9,623.46 2,314.00
113,358.50 9,246.07 2,314.00
111,044.50 8,876.23 2,314.00
108,730.50 8,513.93 2,314.00
106,416.50 8,159.19 2,314.00
104,102.50 7,811.99 2,314.00
101,788.50 7,472.34 2,314.00
99,474.50 7,140.23 2,314.00
97,160.50 6,815.68 2,314.00 90,344.82 23,375.17 4,392.83
94,846.50 6,498.67 2,314.00
92,532.50 6,189.21 2,314.00
90,218.50 5,887.30 2,314.00
87,904.50 5,592.93 2,314.00
85,590.50 5,306.11 2,314.00
83,276.50 5,026.84 2,314.00
80,962.50 4,755.12 2,314.00
78,648.50 4,490.95 2,314.00
76,334.50 4,234.32 2,314.00
74,020.50 3,985.25 2,314.00
71,706.50 3,743.72 2,314.00
69,392.50 3,509.73 2,314.00 65,882.77 24,462.06 3,305.94
67,078.50 3,283.30 2,314.00
64,764.50 3,064.41 2,314.00
62,450.50 2,853.07 2,314.00
60,136.50 2,649.28 2,314.00
57,822.50 2,453.04 2,314.00
55,508.50 2,264.34 2,314.00
53,194.50 2,083.20 2,314.00
50,880.50 1,909.60 2,314.00
48,566.50 1,743.55 2,314.00
46,252.50 1,585.04 2,314.00
43,938.50 1,434.08 2,314.00
41,624.50 1,290.68 2,314.00 40,333.82 25,548.94 2,219.06
39,310.50 1,154.82 2,314.00
36,996.50 1,026.50 2,314.00
34,682.50 905.74 2,314.00
32,368.50 792.52 2,314.00
30,054.50 686.85 2,314.00
27,740.50 588.73 2,314.00
25,426.50 498.16 2,314.00
23,112.50 415.13 2,314.00
20,798.50 339.65 2,314.00
18,484.50 271.72 2,314.00
16,170.50 211.34 2,314.00
13,856.50 158.50 2,314.00 13,698.00 26,635.83 1,132.17
11,542.50 113.22 2,314.00
9,228.50 75.48 2,314.00
6,914.50 45.29 2,314.00
4,600.50 22.64 2,314.00
2,286.50 7.55 2,314.00
0.00 (0.00) 2,286.50 0.00 13,698.00 158.50
138,812.50 125,000.00 13,812.50
RM
- between 1 - 2 years 25,548.94
- between 2 - 5 years 40,333.82
- after 5 years -
90,344.82
Q1
-
Client : ZHONG YI (TAMAN DESA) SDN. BHD.
Period : 31.07.2022
Subject: Borrowings - Lead and Analytical Review
Per mgmt
WP accounts Adjustments
ref 31.07.2021 DR
RM RM
GL
Term Loan
Secured
- Non current MBB (ACC NO:462339100115) Q2 212,309.49 TB
212,309.49
- Current MBB (ACC NO:462339100115) Q2 40,682.29 TB
40,682.29
Bank overdraft
252,991.78 -
TOTAL M11-a 252,991.78 -

Facilities: RM250,000.00 and fully drawdown on 21.07.2022. Q2-a
Repayment: By 60 monthly instalments of RM 5,331 with effect from one month after date of fully
release of loan
Interest: BFR - 4.0% (currently BFR rate is 5.65%)
Purpose For working capital requirements
Conclusion: Based on the work steps peformed, we conclude that the risk of material misstatement is reduced to a
Q
###
Reviewed by : WLL
Adjustments
CR 31.07.2021 31.07.2020 Variance
RM RM RM RM'000 %
LY
212,309.49 - 212 #DIV/0!
212,309.49 -
40,682.29 - 41 #DIV/0!
40,682.29 -
- 252,991.78 - 253 #DIV/0!
- 252,991.78 - 253 #DIV/0!
date of fully
misstatement is reduced to an acceptable low level.

Period : 31.07.2022
Subject: Term Loan - Verifications and Fair Value Disclosures
Objective To test if term loan liabilities are not materially understated. (Assertion: C,A,V,E)
Assertions C,A,V,E
Procedures: L Agreed to loan statement from bank and terms and conditions of loan to
¢ Bank confirmation sent
BC Agreed to bank confirmation replies
R For repayment of loans, vouch that repayments are in accordance with l
V [If any] For loan drawdowns in the period - check authorisation to boar
Rate Limit B/F Additions

Term Loan Type RM RM RM
L
1. TERM LOAN - MBB (ACC NO:462339100115) 250,000.00 - 250,000.00

INSURANCE
Conclusion: Based on the work steps peformed, we conclude that the risk of material misstatement is
Q1
Reviewed by : WLL
Assertion: C,A,V,E)
ms and conditions of loan to loan facitlities agreement.
ents are in accordance with loan agreements and vouch to approved documentation.
check authorisation to board minutes, vouch to cash book and bank statement, agree details to loan agreement
Repayable within
Interests Insurance Repayment C/f 1 yr 2 yr 3 yr
RM RM RM RM RM RM RM
V V R ¢, BC
2,991.78 - - 252,991.78 R3 40,682 45,747 50,287

-
-
of material misstatement is reduced to an acceptable low level.

Repayable within
4 yr 5yr > 5 yr Total
RM RM RM RM
55,285 60,826 164 252,992

Period : 31.07.2022
Subject: Term loan - Repayment Table
Finance co Maybank Islamic Berhad

Asset SME Banking, Petaling Jaya Zone
Level 2, No. 65 & 67, Jalan SS 22/19.
Damansara Jaya, 47400 Petaling Jaya, Selangor.
Tel: 03-77255592
RM Nominal rate
Amount Finance : 250,000.00 6.72%
Interest Payable : 125,000.00
Total Amount Payable : 375,000.00
Number of years 5
Monthly instalment 5,331.00 0
Number installment a year 12
Workings:
Per Auditor
RM
Total Amount Payable 375,000.00
Interest In Suspense (122,008.22)
Bal C/F 252,991.78
Principal
Amount Payable RM
- within 1 year 40,682.29
- within 1-2 years 45,747.49
- within 2-5 years 166,398.30
- more than 5 years 163.69
Carrying value 252,991.78
HP Amortisation schedule (effective interest rate method)
HP Data
Original Principal 250,000
Loan Term (Years) 5
Annual Interest Rate 9.65%
Number of payments per year 12
Payment (PMT) 5,331.00
Month Terms Drawndown Payment Interest Principal
Jul 0 250,000.00 - 783.56 (783.56)

Aug 0 - 2,208.22 (2,208.22)
Sep 1 5,331.00 2,169.52 3,161.48
Oct 2 5,331.00 2,240.14 3,090.86
Nov 3 5,331.00 2,180.40 3,150.60
Dec 4 5,331.00 2,234.85 3,096.15
Jan 5 5,331.00 1,904.33 3,426.67
Feb 6 5,331.00 1,877.28 3,453.72
Mar 7 5,331.00 1,850.00 3,481.00
Apr 8 5,331.00 1,822.51 3,508.49
May 9 5,331.00 1,794.80 3,536.20
Jun 10 5,331.00 1,766.86 3,564.14
Jul 11 5,331.00 1,738.70 3,592.30
Aug 12 5,331.00 1,710.31 3,620.69
Sep 13 5,331.00 1,681.69 3,649.31
Oct 14 5,331.00 1,652.85 3,678.15
Nov 15 5,331.00 1,623.77 3,707.23
Dec 16 5,331.00 1,594.46 3,736.54
Jan 17 5,331.00 1,564.91 3,766.09
Feb 18 5,331.00 1,535.12 3,795.88
Mar 19 5,331.00 1,505.10 3,825.90
Apr 20 5,331.00 1,474.83 3,856.17
May 21 5,331.00 1,444.32 3,886.68
Jun 22 5,331.00 1,413.57 3,917.43
Jul 23 5,331.00 1,382.57 3,948.43
Aug 24 5,331.00 1,351.31 3,979.69
Sep 25 5,331.00 1,319.81 4,011.19
Oct 26 5,331.00 1,288.05 4,042.95
Nov 27 5,331.00 1,256.04 4,074.96
Dec 28 5,331.00 1,223.77 4,107.23
Jan 29 5,331.00 1,191.24 4,139.76
Feb 30 5,331.00 1,158.45 4,172.55
Mar 31 5,331.00 1,125.40 4,205.60
Apr 32 5,331.00 1,092.08 4,238.92
May 33 5,331.00 1,058.49 4,272.51
Jun 34 5,331.00 1,024.63 4,306.37
Jul 35 5,331.00 990.50 4,340.50
Aug 36 5,331.00 956.10 4,374.90
Sep 37 5,331.00 921.42 4,409.58
Oct 38 5,331.00 886.46 4,444.54
Nov 39 5,331.00 851.22 4,479.78
Dec 40 5,331.00 815.69 4,515.31
Jan 41 5,331.00 779.88 4,551.12
Feb 42 5,331.00 743.78 4,587.22
Mar 43 5,331.00 707.39 4,623.61
Apr 44 5,331.00 670.71 4,660.29
May 45 5,331.00 633.73 4,697.27
Jun 46 5,331.00 596.46 4,734.54
Jul 47 5,331.00 558.89 4,772.11
Aug 48 5,331.00 521.01 4,809.99
Sep 49 5,331.00 482.83 4,848.17
Oct 50 5,331.00 444.34 4,886.66
Nov 51 5,331.00 405.55 4,925.45
Dec 52 5,331.00 366.44 4,964.56
Jan 53 5,331.00 327.02 5,003.98
Feb 54 5,331.00 287.28 5,043.72
Mar 55 5,331.00 247.22 5,083.78
Apr 56 5,331.00 206.83 5,124.17
May 57 5,331.00 166.13 5,164.87
Jun 58 5,331.00 87.09 5,243.91
Jul 59 5,331.00 83.73 5,247.27
Aug 60 5,331.00 42.03 5,288.97
Term loan I
The principal amount of term loan is RM250,000.00. The term loan bears interest at a rate 4% per
Financing Rate (BFR) on daily rest basis. The term loan is repayable by 60 monthly instalments of
the last instalment. The term loan commencing on July 2022 onwards and is for the purpose of wo
The term loan facility (s) to be released in the following manner:-

(i) Fixed loan RM250,000 To finance for working capital.
The term loan were secured by:-

(i) Letter of Offer;
(ii) Facility Agreement;
(iii) Letter of Guarantee from Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) under Pemuli
(iv) Jointly and severally guaranteed by the directors and shareholdersof the Company;
Q2
Reviewed by : WLL
etaling Jaya, Selangor.
Effective interest
10.16%
Balance Total Total Interest Total Instalments

250,000.00 375,000.00
250,783.56 375,000.00
252,991.78 375,000.00 2,991.78 -
249,830.30 369,669.00
246,739.44 364,338.00
243,588.84 359,007.00
240,492.69 353,676.00
237,066.02 348,345.00
233,612.30 343,014.00
230,131.31 337,683.00
226,622.82 332,352.00
223,086.62 327,021.00
219,522.48 321,690.00
215,930.17 316,359.00
212,309.49 311,028.00 23,289.71 63,972.00
208,660.18 305,697.00
204,982.03 300,366.00
201,274.80 295,035.00
197,538.26 289,704.00
193,772.17 284,373.00
189,976.29 279,042.00
186,150.39 273,711.00
182,294.22 268,380.00
178,407.55 263,049.00
174,490.12 257,718.00
170,541.68 252,387.00
166,561.99 247,056.00 18,224.51 63,972.00
162,550.80 241,725.00 R3-48
158,507.86 236,394.00
154,432.90 231,063.00
150,325.67 225,732.00
146,185.91 220,401.00
142,013.37 215,070.00
137,807.77 209,739.00
133,568.85 204,408.00
129,296.34 Q2-b 199,077.00
124,989.97 193,746.00
120,649.47 188,415.00
116,274.57 183,084.00 13,684.58 63,972.00
111,864.99 177,753.00
107,420.44 172,422.00
102,940.66 167,091.00
98,425.35 161,760.00
93,874.23 156,429.00
89,287.01 151,098.00
84,663.40 145,767.00
80,003.11 140,436.00
75,305.85 135,105.00
70,571.31 129,774.00
65,799.20 124,443.00
60,989.21 119,112.00 8,686.64 63,972.00
56,141.04 113,781.00
51,254.38 108,450.00
46,328.93 103,119.00
41,364.37 97,788.00
36,360.39 92,457.00
31,316.66 87,126.00
26,232.88 81,795.00
21,108.71 76,464.00
15,943.84 71,133.00
10,699.93 65,802.00
5,452.66 60,471.00
163.69 55,140.00 3,146.48 63,972.00
m loan bears interest at a rate 4% per annum above the bank's Base
epayable by 60 monthly instalments of RM5,331 each with adjustment in
2 onwards and is for the purpose of working capital.
rniagaan Berhad (SJPP) under Pemulih Government Guarantee Scheme-I (PGGS-i)

holdersof the Company;
Total Principal
252,356.32 31.08.2022
40,682.29 31.08.2023
45,747.49 31.08.2024
50,287.42 31.08.2025
55,285.36 31.08.2026
60,825.52 31.08.2027
R1
Subject: Sales
WP Per mgmt Adjustments

ref accounts DR CR 31.08.2022 31.08.2021 Variance
LY
Sales R1-1
- Sales 1,633,928.30 TB RJE 5 2,984.32 1,636,912.62 1,631,193.70 6 0%
- Sales - Forklift 989,200.00 TB 989,200.00 384,000.00 605 158%
- Sales - Rental 248,111.00 TB 248,111.00 206,374.00 42 20%
Sales discount R1-1 (39.00) TB (39.00) (3,460.00) 3 -99%
2,871,200.30 2,874,184.62 2,218,107.70 656 30%

Ø Ø Ø
Y1-1

Increased of sales mainly due to increase demand during the financial year.
V Vouched to invoice
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
Period : 31.08.2022
Subject: Summary of Sales
Breakdown of sales
Sales Sales - Forklift Sales - Rental Discount

RM RM RM RM
Sep 185,242.00 38,000.00 18,150.00 (39.00)

Oct 148,926.00 45,000.00 19,210.00 -
Nov 123,477.00 169,200.00 18,721.00 -
Dec 135,518.00 111,000.00 17,950.00 -
Jan 122,153.00 71,000.00 15,850.00 -
Feb 62,120.00 50,000.00 26,350.00 -
Mar 189,549.00 48,000.00 22,000.00 -
Apr 111,618.00 83,000.00 21,190.00 -
May 120,477.00 44,000.00 23,090.00 -
Jun 149,680.00 88,000.00 24,570.00 -
Jul 107,532.88 142,000.00 18,390.00 -
Aug 180,619.74 100,000.00 22,640.00 -
1,636,912.62 989,200.00 248,111.00 (39.00)

GL GL
Ø Ø Ø
Inv Vouched to invoice/delivery order/packing listing/bill of lading and quotations

GL Agreed to GL
Ø Casting done
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an
acceptably low level.
R1-1
Reviewed by : WLL
TOTAL
RM
241,353.00
213,136.00
311,398.00
264,468.00
209,003.00
138,470.00
259,549.00
215,808.00
187,567.00
262,250.00 Inv
267,922.88 Inv
303,259.74 Inv
2,874,184.62
2,874,184.62
Ø
Y1
-
al misstatement is reduced to an
Period : 31.08.2022
Subject: SALES INVOICES CUT-OFF TEST (Sales)
CUSTOMER NAME INVOICE NO. DATE DO NO.
FYE 31 AUGUST 2022
1) MGV Recycles Sdn Bhd 03509 8/30/2022 03509
2) Hup Kee Marketing Sdn Bhd 03510 8/30/2022 03510
3) Muihua Sdn Bhd 03511 8/30/2022 03511
FYE 1 SEPTEMBER 2022
1) Rich Intertrade Sdn Bhd 03512 9/1/2022 03512
2) Ample Formula Sdn Bhd 03513 9/1/2022 03513
3) Soon Tat Hardware Trading 03514 9/3/2022 03514
Remark :
a) The numbering of sales invocies are only to local sales.
- Conclusions:- the cut off for local sales is correctly taken up into accounts.
R1-2
Reviewed by : WLL
RELATED TO TAKEN UP
DATE AMOUNT 8/31/2022 9/1/2022 8/31/2022 9/1/2022
8/30/2022 274.00 X X
8/30/2022 662.00 X X
8/30/2022 4,600.00 X X
9/1/2022 245.00 X X
9/1/2022 1,290.00 X X
9/3/2022 13,050.00 X X
Period : 31.08.2022
Subject: SALES INVOICES CUT-OFF TEST (Sales - Rental)
CUSTOMER NAME INVOICE NO. DATE DO NO. DATE
FYE 31 AUGUST 2022
1) Choice Approach Sdn Bhd 03406 8/18/2022 03406 8/18/2022
2) Victory Forklift Service Enterprise 03424 8/18/2022 03424 8/26/2022
3) Choice Approach Sdn Bhd 03408 8/23/2022 03408 8/23/2022
1) United Engine Parts Sdn Bhd 03431 9/1/2022 03431 9/1/2022
2) Sena Diecasting Industries Sdn Bhd 03435 9/1/2022 03435 9/1/2022
3) Purefresh Beauty 03437 9/1/2022 03437 9/1/2022
Remark :
a) The numbering of sales invocies are only to local sales.
- Conclusions:- the cut off for local sales is correctly taken up into accounts.
R1-3
Reviewed by : WLL
RELATED TO TAKEN UP
AMOUNT 8/31/2022 9/1/2022 8/31/2022 9/1/2022
2,650.00 X X
900.00 X X
2,800.00 X X
3,450.00 X X
1,500.00 X X
1,600.00 X X
Period : 31.08.2022
Subject: Cost of Sales

ref accounts DR CR
RM RM RM
Opening Stock 305,725.00

Purchases R2-1 1,551,946.46 TB
Purchase - Returned (3,412.00) TB
Closing stock J (790,988.00) TB
Rental of forklift R2-3 21,200.00 TB
Purchase - Forklift R2-4 990,650.00 TB
Subcontractor R2-5 3,100.00 TB RJE 5 27,852.26
Tools & Equipment R2-6 15,975.56 TB
2,094,197.02

Purchases increased due to sales increased during the financial year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatemen
level.
R2
Reviewed by : WLL
31.08.2022 31.08.2021 Variance

RM RM RM'000 %
LY
305,725.00 - 306 #DIV/0!

1,551,946.46 1,145,476.72 406 35%
(3,412.00) (1,590.00)
(790,988.00) (305,725.00) (485) 159%
21,200.00 4,250.00 17 399%
990,650.00 515,300.00 475 92%
30,952.26 - 31 #DIV/0!
15,975.56 7,626.40 8 109%
2,122,049.28 1,365,338.12
hat the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Summary of Cost of Sales - Purchases
Breakdown of purchases
C.O.S. - Purchases
Year Purchases Purchases Rental Purchase

Forklift Forklift return
RM
Sep 100,883.89 - - -
Oct 79,896.26 66,000.00 - -
Nov 69,515.98 28,150.00 1,300.00 -
Dec 109,460.20 116,000.00 - (38.00)
Jan'21 246,744.74 - - (114.00)
Feb 83,937.70 88,000.00 - -
Mar 199,745.73 22,000.00 - -
Apr 47,732.10 199,000.00 - -
May 234,412.24 23,000.00 - -
Jun 227,021.90 142,000.00 19,900.00 (2,500.00)
Jul 77,222.32 182,500.00 - (760.00)
Aug 75,373.40 124,000.00 - -
Total 1,551,946.46 990,650.00 21,200.00 (3,412.00)

Ø
R2
-
INV Vouched to invoice/delivery order/packing listing/bill of lading and purchases order

GL Agreed to GL
Ø Casting done
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acc
R2-1
Reviewed by : WLL
Subcontractor Tools & Total

Charges equipment
RM
- 91.65 100,975.54 Inv

- 662.36 146,558.62 Inv
- 1,961.70 100,927.68 Inv
- 732.40 226,154.60 Inv
- 7,700.70 254,331.44 Inv
- 107.80 172,045.50 Inv
- 380.20 222,125.93 Inv
- 243.55 246,975.65 Inv
- 323.00 257,735.24 Inv
1,507.14 2,740.50 390,669.54 Inv
2,772.80 298.70 262,033.82 Inv
26,672.32 733.00 226,778.72 Inv
30,952.26 15,975.56 2,607,312.28
tement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: PURCHASES INVOICES CUT-OFF TEST
RELATED TO
SUPPLIER NAME INVOICE NO. DATE AMOUNT 8/31/2022
FYE 31 AUGUST 2022
1) Enersys Malaysia Sdn Bhd INS00020351 8/30/2022 7,890.00 X
2) Showaka Auto (M) Sdn Bhd IN-2108086 8/30/2022 761.40 X
3) Kyodo Machinery Sdn Bhd KM-I03187 8/11/2022 900.00 X
1) Enersys Malaysia Sdn Bhd INS00020747 9/27/2022 7,400.00
2) Showaka Auto (M) Sdn Bhd IN-2109002 9/1/2022 1,522.80
3) Kyodo Machinery Sdn Bhd KM-I03187 9/17/2022 200.00
- Conclusions:- the cut-off for purchases invoices are correctly taken up into accounts.
R2-2
Reviewed by : WLL
RELATED TO TAKEN UP
9/1/2022 8/31/2022 9/1/2022
X X
X X
X X
Period : 31.08.2022
Subject: Rental of forklift

w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of forklift 21,200.00
21,200.00
Ø
Breakdown:-
YS Forklift Sdn Bhd

- Rental of Nissan - Reach truck
Kyodo Machinery Sdn Bhd

- Rental of diesel Forklift (Toyota - 5FG25)
Victory Forklift Service Enterprise

- Rental of forklift - 6FD for the period 08.06.2022 to 07.07.2022
Workdone:
V Vouched to payment voucher

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of mater
R2-3
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
21,200.00 4,250.00 17 399%
21,200.00 4,250.00 17 399%

Ø Ø
1,300.00 V
19,000.00 V
900.00 V
21,200.00
GL/Ø
-
nclude that the risk of material misstatement is reduced to an
Period : 31.08.2022
Subject: Purchase - Forklift
Balance as at <--------Adjustment------->
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Purchase - Forklift 990,650.00
990,650.00
Ø
Breakdown:-
KYODO MACHINERY SDN BHD RECONDITIONED BATTERY FORKLIFT - ( TOYOTA - 7FBH20

KYODO MACHINERY SDN BHD RECONDITIONED BATTERY REACH TRUCK - ( TOYOTA -7FB
TARCHING MATERIAL HANDLING SDN TOYOTA 5FD15 FORKLIFT
GR ROGANI ENTERPRISE BRAND : NISSAN - RGH02-002193
GR ROGANI ENTERPRISE PURCHASE - FORKLIFT
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT - ( TOYOTA - 6FGL25 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( TOYOTA - 02-7FG15 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT ( TOYOTA - 50-8FDJ35 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( TOYOTA - 7FBE15 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( TOYOTA -02-7FG30 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( TOYOTA -02-FG30 )
KYODO MACHINERY SDN BHD RECONDITIONED BATTERY FORKLIFT : ( TOYOTA - 7FBH25
CASH - SEONG - WONG SAI KIT TOYOTA - 7FBR13-14285
L & F TIMBER TRADING SDN BHD TOYOTA- 4Y- 5FG25 BUY 1 UNIT FORKLIFT
UMW INDUSTRIES (1985) SDN BHD 7FBR13-14285 = BLS 6840
KBL UNIQUE FORKLIFT SDN BHD 5FD60 ( USED FORKLIFT )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT: ( TOYOTA - 5FD35 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT: ( TOYOTA 42-7FG25 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT: ( TOYOTA - 4FGL25 )
SUNLIFT MACHINERY USED FORKLIFT - 02-5FD15 ( 5FD18-60514 )
KOH YEK MENG BRAND : TOYOTA -5FG15
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : - ( TOYOTA -02-7FGL15 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : - ( TOYOTA - 42-FG25 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : TOYOTA 02-5FD30,
KBL UNIQUE FORKLIFT SDN BHD USED FORKLIFT
ARC POWER MARKETING SDN BHD TO SOLID 1 UNIT FORKLIFT USED BT RRE- 2 1.6 TON REA
KYODO MACHINERY SDN BHD RECONDITIONED REACH TRUCK : ( TOYOTA - 7FBR15 )
TK RENTALS SDN BHD 7FBRS20-10547
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( MODEL : TOYOTA - 6FGL15 )
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( MODEL : TOYOTA - 02-6FD35
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( MODEL : TOYOTA - 02-7FG30
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : - TOYOTA - 02-7FG15
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : TOYOTA - 02-7FG15
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : - TOYOTA - 02-6FG15
KYODO MACHINERY SDN BHD RECONDITIONED FORKLIFT : ( MODEL : TOYOTA - 5FG30 )
KYODO MACHINERY SDN BHD RECONDITIONED BATTERY REACHTRUCK : TOYOTA - 7FB
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of material miss
low level.
R2-4
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
990,650.00 515,300.00 475 92%
990,650.00 515,300.00 475 92%

Ø Ø
30,000.00 V
19,000.00 V
17,000.00 V
13,000.00 V
15,150.00 V
22,000.00 V
19,000.00 V
55,000.00 V
20,000.00 V
20,000.00 V
33,000.00 V
35,000.00 V
6,000.00 V
10,000.00 V
6,000.00 V
105,000.00 V
50,000.00 V
28,000.00 V
16,000.00 V
23,000.00 V
9,300.00 V
26,500.00 V
29,000.00 V
47,200.00 V
30,000.00 V
10,000.00 V
27,500.00 V
32,000.00 V
13,000.00 V
60,000.00 V
40,000.00 V
25,000.00 V
20,000.00 V
20,000.00 V
33,000.00 V
26,000.00 V
990,650.00
GL/Ø
-
de that the risk of material misstatement is reduced to an acceptably

R2-5
Subject: Subcontractor

w/p ref. 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
TB LY
Subcontractor 3,100.00 RJE 5 27,852.26 30,952.26 - 31 #DIV/0!
3,100.00 30,952.26 - 31 #DIV/0!

Ø Ø Ø
Breakdown:-
Zaw Hlang Win Spray Paint (5 unit Forklift & 1 Mast) 3,100.00 V
Goldeagle Forklift Sdn Bhd 27,852.26 V *It's ad hoc job maintenance of forklift charges to and from G
30,952.26
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably
low level.
tenance of forklift charges to and from Goldeagle Forklift Sdn Bhd.
R2-6
Subject: Tools & Equipment

TB LY
Tools & Equipment 15,975.56 15,975.56 7,626.40 8 109%
15,975.56 15,975.56 7,626.40 8 109%

Ø Ø Ø
Breakdown:-
Tools & Equipment 15,975.56 V

such as hardware items, machinery parts, and n.e.c.
15,975.56
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an
R3
Subject : Operating expenses
w/p ref 31.08.2022 31.08.2021 Variance

RM RM RM'000
ADMINISTRATIVE EXPENSES R3-1 173,830.20 159,982.36 14

DEPRECIATION OF FIXED ASEETS R3-1 56,125.71 34,073.94 22
DIRECTORS' REMUNERATION R3-1 288,944.80 345,107.20 (56)
STAFF COSTS R3-1 161,893.90 132,257.80 30
FINANCE COSTS R3-1 8,446.83 3,966.14 4
TOTAL 689,241.44 675,387.44 14
The increased were mainly due company increase of sales during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that operating expenses for the year ended 31.08.2022
Subject: Income Statement - Lead
SCH BALANCE THIS YEAR/PERIOD AUDITED AUDITED

DECRIPTION REF PER CLIENT ADJUSTMENT BALANCE BALANCE
31.03.2019 DR CR 31.03.2019 31.03.2018
Sales R1 7,157,615.75 7,157,616 7,231,335
Sales return R1 - - -
Sales discount R1 (97,849.82) (97,850) -
Services R1 4,096,042.16 4,096,042 -
11,155,808.09 11,155,808 7,231,335
Cost of sales - purchases R2 7,888,898.20 7,888,898 5,366,861

Cost of sales - transportation R2-6 - - 6,877
7,888,898.20 7,888,898 5,373,738
Gain on disposal of fixed asset R4-1 - - 180

Gain on foreign exchange - realised R4-2 7,038.51 7,039 6,263
Interest received R4-3 17,580.95 17,581 42,006
Rental income R4-4 8,400.00 8,400 8,400
33,019.46 33,019 56,849
Administration Expenses:-
Accounting fees R3-1 66,300.00 66,300 3,000
Advertisement and promotion R3-2 922.20 922 10,000
Annual dinner R3-3 1,480.15 1,480 -
Assessment and quit rent R3-4 - - 750
Audit fee R3-5 - AJE 4 12,000 12,000 7,500
Audit fee - overprovision in prior year R3-6 - - (480)
Bank charges R3-7 1,065.97 1,066 862
Clerical and admin services R3-8 6,000.00 6,000 -
Consultation R3-9 63,750.00 63,750 -
Courier and postage R3-10 100.98 101 71
Gift and donation R3-11 3,314.00 3,314 557
HLB procurement facilities fees R3-12 - - 279
Insurance R3-14 5,727.01 5,727 6,068
Insurance & Roadtax R3-15 935.00 935 -
Late payment interest R3-16 - - -
Legal and professional fee R3-17 - - 10,000
License R3-18 600.00 600 400
Maintenance fees R3-19 1,800.00 1,800 1,350
Marketing expenses R3-20 - - -
Membership fee R3-21 - - -
Office supplies R3-22 197.87 198 136
Penalty R3-23 7,148.50 7,149 484
Petrol, toll and parking R3-24 44,836.95 44,837 34,405
Printing and stationery R3-25 2,240.58 2,241 1,513
Procurement facility fees R3-26 569.05 569 -
Rental of premises R3-27 - - -
Rounding 5 sen R3-28 (0.06) (0)
Secretarial fee and related expenses R3-29 4,065.00 4,065 1,350
Sponsorship R3-30 12,000.00 12,000
SSM company profile fees R3-31 632.50 633 16
Stamp duty R3-32 4,713.00 4,713 6,290
Tax assessment R3-33 756.50 757
Tax fees R3-34 1,500.00 1,500 3,495
Telephone and fax charges R3-35 9,578.22 9,578 6,194
Tender fee R3-36 - - 578
Travel and accomodation R3-37 7,230.71 7,231 37,341
Upkeep of office R3-38 13,311.20 13,311 1,660
Upkeep of office equipment R3-39 1,976.05 1,976 954
Vendor registration R3-40 125.00 125 -
Water and electricity R3-41 5,979.36 5,979 5,050
Web services R3-42 299.80 300 125
269,155.54 281,156 139,948
Selling and Distribution Expenses:-
Entertainment R3-43 34,719.96 34,720 32,614
Event and marketing R3-44 506.00 506 -
Sales commission R3-45 232,102.91 232,103 279,259
267,328.87 267,329 311,873
Other Operating expenses;-

Depreciation of fixed assets R3-46 92,535.33 92,535 52,582
GST unclaimable R3-47 196.53 197 5
Loss on foreign exchange - realised R3-48 19,820.08 19,820 -
Upkeep of motor vehicle R3-49 8,940.22 8,940 13,816
121,492.16 121,492 66,403
Finance cost
Bank overdraft interest R3-50 - - 2
Hire purchase interest R3-51 4,788.00 4,788 5,211
4,788.00 4,788 5,211
PERSONNEL COSTS:-
Directors' Remuneration:-
Director's commission and bonus R3-52 - - 224,000
Director's EIS R3-53 - - 24
Director's EPF R3-54 - - 27,572
Director's fees R3-55 40,000.00 40,000 40,000
Director's salary R3-56 - - 84,600
Director's SOCSO R3-57 - - 829
40,000.00 40,000 377,025
Staff costs:-
Bonus R3-58 167,200.00 167,200 245,615
EIS contribution R3-59 941.60 942 166
EPF contribution R3-60 139,005.00 139,005 78,532
Incentive R3-61 - - 3,000
Intern allowance R3-62 - - 6,220
Office drinking water R3-63 - - 72
Part-time services R3-64 12,000.00 12,000 -
Salaries and wages R3-65 738,105.91 738,106 477,518
SOCSO contribution R3-66 8,231.50 8,232 5,730
Staff incentive trip R3-67 54,092.29 54,092 14,119
Staff medical R3-68 878.65 879 1,493
Staff service award R3-69 1,826.25 1,826 -
Staff uniform R3-70 - - -
Staff wellfare R3-71 9,475.92 9,476 15,559
Sub contractor R3-72 - - -
Training and development R3-73 10,000.00 10,000
Transport allowance R3-74 3,689.67 3,690 5,000
1,145,446.79 1,145,447 853,024
R3-1
R3-1
Subject : Operating expenses

w/p ref. 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM
ADMINISTRATIVE EXPENSES
Accounting fee R3-2 2,500.00 TB 2,500.00 2,500.00
Audit fee R3-3 - AJE 1 5,500.00 5,500.00 4,500.00
Bank charges R3-4 127.10 TB 127.10 199.40
Commission R3-5 16,532.50 TB 16,532.50 34,100.00
Entertainment R3-6 2,027.80 TB 2,027.80 -
Factory expenses R3-7 1,928.55 TB RJE 3 - 1,928.55 239.00
Gift and donation R3-8 2,500.00 TB 2,500.00 100.00
Incorporation fee R3-9 - TB - 2,500.00
Insurance R3-10 5,446.45 TB RJE 4 131.15 5,315.30 -
Office cleaner R3-11 4,650.00 TB 4,650.00 -
Office expenses R3-12 1,650.00 TB 1,650.00 -
Praying material R3-13 - TB - 518.00
Penalty R3-14 75.00 TB 75.00 332.00
Petrol, parking and toll R3-15 19,735.15 TB 19,735.15 22,831.39
Postage and courier R3-16 17.00 TB 17.00 110.15
Printing and stationery R3-17 5,534.35 TB 5,534.35 1,821.49
Processing fee R3-18 4,145.00 TB 4,145.00 1,330.00
Professional fee R3-19 1,200.00 TB AJE 10 150.00 AJE 6 - 750.00 1,610.00
RJE 2 600.00
Rental of factory R3-20 45,000.00 TB AJE 7 9,000.00 54,000.00 37,000.00
Rental of hostel R3-21 2,250.00 TB AJE 8 1,500.00 600.00 -
AJE 10 150.00
Road tax and insurance R3-22 12,264.55 TB RJE 4 131.15 12,395.70 16,792.74
Secretarial fee and related expen R3-23 1,640.00 TB RJE 2 600.00 2,240.00 1,970.00
Tax filing fee R3-24 230.00 TB AJE 1 1,000.00 1,230.00 1,000.00
Telephone and fax charges R3-25 7,427.15 TB 7,427.15 8,235.11
Upkeep of factory R3-26 3,154.60 TB 3,154.60 -
Upkeep of motor vehicles R3-27 9,987.55 TB AJE 4 2,800.00 12,787.55 10,442.68
Upkeep of office equipment R3-28 20.00 TB 20.00 7,642.20
Water and electricity R3-29 6,987.45 TB 6,987.45 4,208.20
157,030.20 173,830.20 159,982.36
DEPRECIATION
Depreciation R3-30 - AJE 3 56,125.71 56,125.71 34,073.94
DIRECTORS' REMUNERATION
Director's allowance R3-47 - RJE 6 6,600.00 6,600.00 -

Director's EIS R3-31 - TB RJE 1 189.60 189.60 126.40
Director's EPF R3-32 - TB RJE 1 30,480.00 30,480.00 17,916.00
Director's remuneration R3-33 256,602.20 TB RJE 1 73,984.20 176,018.00 209,960.00
RJE 6 6,600.00
Director's fee R3-34 - RJE 1 74,000.00 74,000.00 116,000.00
Director's SOCSO R3-35 - TB RJE 1 1,657.20 1,657.20 1,104.80
256,602.20 288,944.80 345,107.20
STAFF COSTS
Bonus R3-36 15,700.00 TB 15,700.00 8,600.00

Angpow R3-37 - TB - 400.00
Medical fee R3-38 2,090.50 TB 2,090.50 2,184.80
Staff's EPF R3-39 35,004.00 TB RJE 1 30,480.00 4,524.00 2,574.00
Staff's EIS R3-40 341.70 TB RJE 1 241.70 100.00 77.00
Staff's Socso R3-41 2,517.60 TB RJE 1 1,649.20 868.40 433.40
Staff's salary R3-42 34,771.70 TB RJE 1 28.30 34,800.00 24,600.00
Wages R3-43 103,811.00 TB RJE 1 - 103,811.00 93,145.00
Staff's welfare R3-44 - TB RJE 3 - - 243.60
194,236.50 161,893.90 132,257.80
FINANCE COSTS
Hire purchase interest R3-45 - AJE 2 5,455.05 5,455.05 3,966.14

Term loan interest R3-46 2,991.78 - - 2,991.78 -
2,991.78 8,446.83 3,966.14
610,860.68 193,717.01 115,336.25 689,241.44 675,387.44

R3-2
Period : 31.08.2022 R3-1
Subject: Accounting fee

TB LY
Accounting fee 2,500.00 2,500.00 2,500.00 - 0%
2,500.00 2,500.00 2,500.00 - 0%

Ø Ø Ø
Breakdown:-
Accrued of accounting fee FYE 31.08.2022 2,500.00 V
2,500.00
Ø
-
Workdone:
V Vouched to payment voucher.

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low
level.
R3-3
Subject: Audit fee

TB LY
Audit fee
- Current year - AJE 1 5,500.00 5,500.00 4,500.00 1 22%
- Over provision in prior year - - - - #DIV/0!
- 5,500.00 4,500.00 1 22%

Ø Ø Ø
Breakdown:-
AJE 1 (Being adjustment for accrual of audit fee.)
CP Lee & Associates:-
- Provision of audit fee for year 2022 5,500.00
5,500.00
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
R3-4
Client : GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Prepared by Prepared by : SNC 28/03/2023
Period : 31.08.2022 Reviewed byReviewed by : WLL
Subject: Bank charges

TB LY
Bank charges 127.10 127.10 199.40 (0) -36%
127.10 127.10 199.40 (0) -36%

Ø Ø Ø
Y Lead
Breakdown:
Sep 13.60
Oct 21.20
Nov 6.80
Dec 10.00
Jan -
Feb -
Mar 0.50
Apr -
May -
Jun 10.00
Jul 2.50
Aug 62.50
127.10 BS
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
BS Sighted to bank statement
R3-5
Subject: Commission

TB LY
Commission 16,532.50 16,532.50 34,100.00 (18) -52%
16,532.50 16,532.50 34,100.00 (18) -52%

Ø Ø Ø
Y Lead
Breakdown:
Pou Tiong Hau 830517-14-5791 - 15.10.2021 500.00 V

Yee Fook Leong 820705-14-5685 - 15.01.2022 1,000.00 V
Khoor Yoke Foh - 15.01.2022 1,000.00 V
Wong Su Yung 850731-14-5491 - 28.01.2022 3,532.50 V
Lew Yit Peng 740108-14-5513 - 28.01.2022 & 29.04.2022 6,000.00 V
Poh Lai 791203-04-5035 - 29.01.2022 & 01.08.2022 2,500.00 V
Fong Jun Pin - 14.05.2022 2,000.00 V
16,532.50
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-6
Subject: Entertainment

TB LY
Entertainment 2,027.80 2,027.80 - 2 #DIV/0!
2,027.80 2,027.80 - 2 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Ming Heang Seafood Restaurant (annual dinner for CNY) 1,727.80 V

Aloft Kuala Lumpur Sentral 300.00 V
2,027.80
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Factory expenses
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Factory expenses 1,928.55 RJE 3 -
1,928.55
Ø
Breakdown:
New year Stuff for worker

Gas
Brush
Buy mattress for worker
Padlock, duplicate key
Safety shoes
Others
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstat
R3-7
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
1,928.55 239.00 2 707%
1,928.55 239.00 2 707%

Ø Ø
Y Lead
150.00 V
140.00 V
17.15 V
449.00 V
175.40 V
125.00 V
872.00 V
1,928.55
GL/Ø
-
at the risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Gift and donation

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Gift and donation 2,500.00
2,500.00
Ø
Breakdown:
Condolences to staff's relative pass away
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-8
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
2,500.00 100.00 2 2400%
2,500.00 100.00 2 2400%

Ø Ø
Y Lead
2,500.00 V
2,500.00
Ø
-
the risk of material misstatement is reduced to an acceptably low

R3-9
Subject: Incorporation fee

TB LY
Incorporation fee - - 2,500.00 (3) -100%
- - 2,500.00 (3) -100%

Ø Ø Ø
Y Lead
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-10
Subject: Insurance

TB LY
Insurance 5,446.45 RJE 4 131.15 5,315.30 - 5 #DIV/0!
5,446.45 5,315.30 - 5 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Allianz Life Insurance Malaysia Berhad

- SME choice plus hospitalisation & surgical for staffs 5,315.30 R3-10a
5,315.30
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-11
Subject: Office cleaner

TB LY
Office cleaner 4,650.00 4,650.00 - 5 #DIV/0!
4,650.00 4,650.00 - 5 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Tan Pui San (020619-10-0880)

Mar RM50 x 5 days 250.00
Apr RM50 x 8 days 400.00
May RM50 x 8 days 400.00
Pa Kah (550903-10-5660)
Jul 1,800.00
Aug 1,800.00
4,650.00
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-12
Subject: Office expenses

TB LY
Office expenses 1,650.00 1,650.00 - 2 #DIV/0!
1,650.00 1,650.00 - 2 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Dekke Apparel
- Company uniform 1,250.00 R3-12a
Tools for office use 400.00 V
1,650.00
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Praying material

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Praying material -
-
Ø
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misst
level.
R3-13
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
- 518.00 (1) -100%
- 518.00 (1) -100%

Ø Ø
Y Lead
t the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Penalty

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Penalty 75.00
75.00
Ø
Breakdown:
Late submission penalty - EPF *

Summon for motor vehicle Triton VEW 5520 *
Summon for motor vehicle VFW 8378 *
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-14
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
75.00 332.00 (0) -77%
75.00 332.00 (0) -77%

Ø Ø
Y Lead
36.00 V
15.00 V R3-14a
60.00 V R3-14a
111.00
GL/Ø

Period : 31.08.2022
Subject: Petrol, parking and toll

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Petrol, parking and toll 19,735.15
19,735.15
Ø
Breakdown:
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is
R3-15
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
19,735.15 22,831.39 (3) -14%
19,735.15 22,831.39 (3) -14%

Ø Ø
Y Lead
2,358.68
1,702.60
-
1,266.90
2,670.49
-
2,563.61
1,737.83
2,065.32
1,570.15
1,616.52
2,183.05
19,735.15 V
GL/Ø
-

Period : 31.08.2022
Subject: Postage and courier

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Postage and courier 17.00
17.00
Ø
Breakdown:
CM Express Solutions
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-16
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
17.00 110.15 (0) -85%
17.00 110.15 (0) -85%

Ø Ø
Y Lead
17.00
17.00 V
GL/Ø
-
at the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Printing and stationery

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Printing and stationery 5,534.35
5,534.35
Ø
Breakdown:
T Board Advertising & Design - Logo Sticker

Stationery expenses
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material missta
level.
R3-17
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
5,534.35 1,821.49 4 204%
5,534.35 1,821.49 4 204%

Ø Ø
Y Lead
3,500.00 R3-17a
2,034.35 V
5,534.35
GL/Ø
-

R3-18
SubjectProcessing fee

TB LY
Processing fee 4,145.00 4,145.00 1,330.00 3 212%
4,145.00 4,145.00 1,330.00 3 212%

Ø Ø Ø
Y Lead
Breakdown:
For Maybank loan fee 4,145.00 V
4,145.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Professional fee
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Professional fee 1,200.00 AJE 10 150.00 AJE 6 -

RJE 2 600.00
1,200.00
Ø
Breakdown:
Innovation System Solution

- SQL financial accounting module suport & maintenance
1 year agreement fee
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is re
R3-19
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
750.00 1,610.00 (1) -53%
750.00 1,610.00 (1) -53%

Ø Ø
Y Lead
600 R3-19a
150
750
GL/Ø
-

Period : 31.08.2022
Subject: Rental of factory
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of factory 45,000.00 AJE 7 9,000.00
45,000.00
Ø
Breakdown:
Landlord:- Kun Yoong Trading (Under big boss name)

Ling Yww Ching (Transfer to daughter after dad passed away)
Chai & Sons Management (Transfer to this company which share among the broth
Rental:- RM4,500 x 12 months ( Sep'21 to Aug'22)
Address:- A-12, Taman Nanyang,

Jinjang Utara,
52000 Kuala Lumpur.
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material m
level.
R3-20
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
54,000.00 37,000.00 17 46%
54,000.00 37,000.00 17 46%

Ø Ø
Y Lead
which share among the brothers sister)
54,000.00 V
54,000.00
GL/Ø
-
ude that the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Rental of hostel
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of hostel 2,250.00 AJE 8 1,500.00

AJE 10 150.00
2,250.00
Ø
Breakdown:
Landlord:- Ng Kok Wah ** Agreement entered between staff with the landlord.
Rental:- RM600 x 1 mth
Address:- A-12, Taman Nanyang,

Jinjang Utara,
52000 Kuala Lumpur.
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material m
level.
R3-21
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
600.00 - 1 #DIV/0!
600.00 - 1 #DIV/0!
Ø Ø
Y Lead
h the landlord.
600.00 V
600.00
GL/Ø
-
ude that the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Road tax and insurance
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Road tax and insurance 12,264.55 RJE 4 131.15
12,264.55
Ø
Breakdown:
Insurance Road Tax
Triton - VEW 5520 (28.07.2022 - 27.07.2023) 3,128.67 796.60
Toyota Hilux - VFW 8378 (03.02.2022 - 02.02.2023) 4,400.91 1,257.28
Proton Wira - WGS 7192 (22.08.2022 - 21.08.2023) 149.89 72.00
WMQ 7913 1,166.20 358.00
WD5848F (23.09.2021 - 22.09.2022) 225.00 -
WBY 8230 400.00 131.15
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
R3-22
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
12,395.70 16,792.74 (4) -26%
12,395.70 16,792.74 (4) -26%

Ø Ø
Y Lead
Total
3,925.27 R3-22a
5,658.19 R3-22b
221.89 R3-22c Short of RM0.50 as refer to receipt
1,524.20 R3-22d
225.00 R3-22e
531.15 V
310.00
12,395.70
Ø
-
e risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Secretarial fee and related expenses

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Secretarial fee and related expenses 1,640.00 RJE 2 600.00
1,640.00
Ø
Breakdown:
E Management Solutions
Secretarial fee - Jul'21 to Mar'22
Registered office - Jul'21 to Mar'22
Circulation & filing of FS for YE 31.08.2021
SSM - Filing fee of FS *
Disbursement such as traveling charges and printing and stationery *
Secretarial fee - Apr - Jun'22

Preparation & filing of Annual return - 05.05.2022
SSM - Filing fee of FS *
Disbursement such as traveling charges and printing and stationery *
Preparation of purchase MV resolution

Preparation confirmation letter to Maybank
Grand total
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-23
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
2,240.00 1,970.00 0 14%
2,240.00 1,970.00 0 14%

Ø Ø
Y Lead
540.00 R3-23a
120.00 R3-23a
200.00 R3-23a
50.00 R3-23a
100.00 R3-23a
1,010.00
180.00 R3-23a
200.00 R3-23a
150.00 R3-23a
100.00 R3-23a
630.00
250.00 R3-23a
350.00 R3-23a
2,240.00
Ø
-

R3-24
Client : GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD. Prepared by : SNC 25/04
Subject: Tax filing fee

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM RM
TB
Tax filing fee 230.00 AJE 1 1,000.00 1,230.00
230.00 1,230.00
Ø Ø
Y Lead
Breakdown:
Fast Mission Biz

AJE 1 (Being adjustment for accrual of tax filing fee.)
Provision for tax computation and Form C YA 2022 1,000.00
Form EA and Form E for YA 2021 230.00
1,230.00
Ø
-
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatemen
low level.
Reviewed by : WLL
djusted bal
31.08.2022 31.08.2021 Variance
RM RM'000 %
LY
1,000.00 0 23%
1,000.00 0 23%
Ø
R3-24a
of material misstatement is reduced to an acceptably

R3-25
Subject: Telephone and fax charges

TB LY
Telephone and fax charges 7,427.15 7,427.15 8,235.11 (1) -10%
7,427.15 7,427.15 8,235.11 (1) -10%

Ø Ø Ø
Y Lead
Breakdown:
Maxis bill for both directors 6,017.50 GL

TM - Unifi 1,409.65 GL
7,427.15
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-26
Subject: Upkeep of factory

TB LY
Upkeep of factory 3,154.60 3,154.60 - 3 #DIV/0!
3,154.60 3,154.60 - 3 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Safety shoes 127.40 GL

Long Kong Hardware Marketing - PVC, LED tube, handle, pipe, metal, PVC socket 777.20 GL
LO TIA - ( UM CARD - 791-13C19555 )(Check and install wiring) 2,250.00
3,154.60
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-27
Subject: Upkeep of motor vehicles

TB LY
Upkeep of motor vehicles 9,987.55 AJE 4 2,800.00 12,787.55 10,442.68 2 22%
9,987.55 12,787.55 10,442.68 2 22%

Ø Ø Ø
Y Lead
Breakdown:
WMQ 7913 - Repairing 2,353.00 V

WBY 8230 - Repairing 151.10 V
Triton VEW 5520 - Repairing 1,785.95 V
Wira - WGS 7192 1,619.00 V
WD 5848 F - Motor 185.00 V
VFW 8378 - Toyota Hilux - Repairing 1,613.50 V
VHT 5520 2,800.00 V
CHENG HUP TYRES & AUTO SERVICE 2,280.00
12,787.55
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-28
Subject: Upkeep of office equipment

TB LY
Upkeep of office equipment 20.00 20.00 7,642.20 (8) -100%
20.00 20.00 7,642.20 (8) -100%

Ø Ø Ø
Y Lead
Breakdown:
Long Kong Hardware - LED tube 20.00 V
20.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-29
Subject: Water and electricity

TB LY
Water and electricity 6,987.45 6,987.45 4,208.20 3 66%
6,987.45 6,987.45 4,208.20 3 66%

Ø Ø Ø
Y Lead
Breakdown:
Electric
Sep 255.40 255.40 V

Oct 322.05 322.05
Nov 562.15 562.15
Dec 547.45 547.45
Jan 475.15 475.15
Feb 513.40 513.40
Mar 646.05 646.05
Apr 723.65 723.65
May 708.65 708.65
Jun 705.90 705.90
Jul 752.45 752.45
Aug 775.15 775.15
6,987.45
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Depreciation
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Depreciation - AJE 3 56,125.71
-
Ø
Breakdown: Please refer to fixed assets schedule as per attached. <F4>
COMPUTER AND SOFTWARE

FURNITURE & FITTINGS
OFFICE EQUIPMENT
MOTOR VEHICLE
RENOVATION
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
R3-30
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
56,125.71 34,073.94 22 65%
56,125.71 34,073.94 22 65%

Ø Ø
Y Lead
689.12
60.00 V
569.90 V
52,681.68 V
2,125.01 V
56,125.71
GL/Ø
-
that the risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's EIS

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Director's EIS - RJE 1 189.60
-
Ø
Breakdown:
Loh Loon Lee

Sep'21 to Aug'22 (RM7.90 x 12 months)
Lee Ying Seong

Sep'21 to Aug'22 (RM7.90 x 12 months)
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
level.
R3-31
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
189.60 126.40 0 50%
189.60 126.40 0 50%

Ø Ø
Y Lead
94.80
94.80
189.60 V
GL/Ø
-

Period : 31.08.2022
Subject: Director's EPF
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Director's EPF - RJE 1 30,480.00
-
Ø
Breakdown:
Loh Loon Lee

Sep'21 to Jul'22 (RM1,144 x 10 months)
Aug'22 (RM1,900 x 2 months)
Lee Ying Seong

Sep'21 to Jul'22 (RM1,144 x 10 months)
Aug'22 (RM1,900 x 2 months)
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material missta
R3-32
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
30,480.00 17,916.00 13 70%
30,480.00 17,916.00 13 70%

Ø Ø
Y Lead
11,440.00
3,800.00
11,440.00
3,800.00
30,480.00 V
GL/Ø
-
that the risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's remuneration
w/p ref. 31.08.2022 Dr
RM RM
TB
Director's remuneration 256,602.20 RJE 1

RJE 6
256,602.20
Ø
Breakdown:
BASIC CLAIM Fee Allow
Loh Loon Lee CB-1 88,000.00 37,000.00 3,300.00

Lee Ying Seong CA-1 88,000.00 37,000.00 3,300.00
176,000.00 - 74,000.00 6,600.00
(18.00) 15.80
(18.00)
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstate
R3-33
Reviewed by : WLL
Adjustment-------> Adjusted bal

Cr 31.08.2022 31.08.2021 Variance
RM RM RM RM'000 %
LY
73,984.20 176,018.00 209,960.00 (34) -16%

6,600.00
176,018.00 209,960.00 (34) -16%

Ø Ø
Y Lead
EPF SOCSO EIS

EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER
11,000.00 15,240.00 237.00 828.60 94.80

11,000.00 15,240.00 237.00 828.60 94.80
22,000.00 30,480.00 474.00 1,657.20 189.60
de that the risk of material misstatement is reduced to an acceptably low level.

EIS
EMPLOYER PCB TOTAL
94.80 17,128.50 99,839.70

94.80 8,028.50 108,939.70
189.60 25,157.00 208,779.40

Period : 31.08.2022
Subject: Director's fee
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Director's fee - RJE 1 74,000.00
-
Ø
Breakdown:
Loh Loon Lee Year 2022
Lee Ying Seong Year 2022
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
R3-34
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
74,000.00 116,000.00 (42) -36%
74,000.00 116,000.00 (42) -36%

Ø Ø
Y Lead
37,000.00
37,000.00
74,000.00 V
GL/Ø
-
he risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's SOCSO

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Director's SOCSO - RJE 1 1,657.20
-
Ø
Breakdown:
Loh Loon Lee

Sep'21 to Aug'22 (RM 69.05 x 12 months)
Lee Ying Seong

Sep'21 to Aug'22 (RM 69.05 x 12 months)
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
level.
R3-35
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
1,657.20 1,104.80 1 50%
1,657.20 1,104.80 1 50%

Ø Ø
Y Lead
828.60
828.60
1,657.20 V
GL/Ø
-

R3-37
Subject: Angpow

TB LY
Angpow - - 400.00 (0) -100%
- - 400.00 (0) -100%

Ø Ø Ø
Y Lead
Breakdown:
- BS
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Medical fee

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Medical fee 2,090.50
2,090.50
Ø
Breakdown:
Medical claim by staffs

Medical claim by director - Seong
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-38
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
2,090.50 2,184.80 (0) -4%
2,090.50 2,184.80 (0) -4%

Ø Ø
Y Lead
1,650.50
440.00
2,090.50
GL/Ø
-

Period : 31.08.2022
Subject: Staff's EPF
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Staff's EPF 35,004.00 RJE 1 30,480.00
35,004.00
Ø
Breakdown:
Mok Sau Fun

Sep'21 to Aug'22
Yip Bee Lian

Jul'22 to Aug'22 (RM 650 x 2 months)
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement
level.
R3-39
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
4,524.00 2,574.00 2 76%
4,524.00 2,574.00 2 76%

Ø Ø
3,224.00
1,300.00
4,524.00
GL/Ø
-

Period : 31.08.2022
Subject: Staff's EIS
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Staff's EIS 341.70 RJE 1 241.70
341.70
Ø
Breakdown:
Mok Sau Fun

Sep'21 to Aug'22 **Employee's portion bare by company
Yip Bee Lian

Jul'22 to Aug'22
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-40
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
100.00 77.00 0 30%
100.00 77.00 0 30%

Ø Ø
84.20
15.80
100.00
GL/Ø
-

Period : 31.08.2022
Subject: Staff's Socso
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Staff's Socso 2,517.60 RJE 1 1,649.20
2,517.60
Ø
Breakdown:
Mok Sau Fun

Sep'21 to Aug'22 **Employee's portion bare by company
Yip Bee Lian

Jul'22 to Aug'22
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-41
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
868.40 433.40 0 100%
868.40 433.40 0 100%

Ø Ø
730.30
138.10
868.40
GL/Ø
-

LOH LOON LEE EPF SOCSO EIS PCB
SALARY Allowance FEE EE ER EE ER EE ER
9 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
10 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
11 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
12 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
1 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
2 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
3 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
4 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
5 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
6 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
7 10,000.00 - - 1,100.00 1,200.00 19.75 69.05 7.90 7.90 1,014.25
8 10,000.00 - - 1,100.00 1,200.00 19.75 69.05 7.90 7.90 1,014.25
70,000.00 3,300.00 30,000.00 11,000.00 13,840.00 237.00 828.60 94.80 94.80 8,028.50
LEE YING SEONG EPF SOCSO EIS PCB

9 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
10 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
11 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
12 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
1 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
2 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
3 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
4 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
5 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
6 5,000.00 330.00 3,000.00 880.00 1,144.00 19.75 69.05 7.90 7.90 600.00
7 10,000.00 - - 1,100.00 1,200.00 19.75 69.05 7.90 7.90 1,014.25
8 10,000.00 - - 1,100.00 1,200.00 19.75 69.05 7.90 7.90 1,014.25
70,000.00 3,300.00 30,000.00 11,000.00 13,840.00 237.00 828.60 94.80 94.80 8,028.50
MOK SAU FUN EPF SOCSO EIS PCB

9 1,800.00 - - - - - - - - -
10 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
11 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
12 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
1 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
2 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
3 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
4 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
5 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
6 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
7 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
8 1,800.00 - - 198.00 234.00 8.75 30.65 3.50 3.50 -
21,600.00 - - 2,178.00 2,574.00 96.25 337.15 38.50 38.50 -
NETT
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
7,858.10
7,858.10
83,939.70
NETT
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
6,822.35
7,858.10
7,858.10
83,939.70
NETT
1,800.00
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
1,589.75
19,287.25
R3-42
Subject: Staff's salary

TB LY
Staff's salary 34,771.70 RJE 1 28.30 34,800.00 24,600.00 10 41%
34,771.70 34,800.00 24,600.00 10 41%

Ø Ø Ø
Breakdown:
Mok Sau Fun 24,800.00

Yip Bee Lian 10,000.00
34,800.00
GL/Ø
-
EPF Socso EIS
BASIC EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER PCB TOTAL
Mok Sau Fun 24,800.00 2,728.00 3,224.00 133.00 465.80 48.40 48.40 - 21,890.60
Yip Bee Lian 10,000.00 1,100.00 1,300.00 39.50 138.10 15.80 15.80 287.60 8,557.10
34,800.00 3,828.00 4,524.00 172.50 603.90 64.20 64.20 287.60 30,447.70
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
NAME: LOH LOON LEE POSITION: DIRECTOR
I/C NO.: 760909-04-5131 Income Tax no: IG 10381434050
Salary Gross Employee
Month
Basic Director Fee Allowance Salary EPF SOCSO EIS
2022 RM RM RM RM RM RM RM
SEP 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
OCT 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
NOV 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
DEC 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
JAN 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
FEB 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
MAR 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
APR 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
MAY 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
JUN 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
JUL 10,000.00 - - 10,000.00 1,100.00 19.75 7.90
AUG 10,000.00 25,000.00 - 35,000.00 1,100.00 19.75 7.90
Total 88,000.00 37,000.00 3,300.00 128,300.00 11,000.00 237.00 94.80
Name: LEE YING SEONG POSITION: DIRECTOR

I/C NO.: 810311-14-5405 Income Tax no: OG 20302266010
Month
SEP 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
OCT 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
NOV 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
DEC 5,000.00 3,000.00 330.00 8,330.00 880.00 19.75 7.90
JAN 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
FEB 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
MAR 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
APR 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
MAY 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
JUN 8,000.00 - 330.00 8,330.00 880.00 19.75 7.90
JUL 10,000.00 - - 10,000.00 1,100.00 19.75 7.90
AUG 10,000.00 25,000.00 - 35,000.00 1,100.00 19.75 7.90
Total 88,000.00 37,000.00 3,300.00 128,300.00 11,000.00 237.00 94.80
NAME: MOK SAU FUN POSITION: ACCOUNT CLERK

I/C NO.: 811118-08-5310 Income Tax no: OG 20302266010
Month
SEP 1,800.00 - - 1,800.00 198.00 8.75 3.50
OCT 1,800.00 - - 1,800.00 198.00 8.75 3.50
NOV 1,800.00 - - 1,800.00 198.00 8.75 3.50
DEC 1,800.00 - - 1,800.00 198.00 8.75 3.50
JAN 1,800.00 - - 1,800.00 198.00 8.75 3.50
FEB 1,800.00 - - 1,800.00 198.00 8.75 3.50
MAR 1,800.00 - - 1,800.00 198.00 8.75 3.50
APR 1,800.00 - - 1,800.00 198.00 8.75 3.50
MAY 2,000.00 - - 2,000.00 220.00 15.75 3.90
JUN 2,000.00 - - 2,000.00 220.00 15.75 3.90
JUL 3,200.00 - - 3,200.00 352.00 15.75 6.30
AUG 3,200.00 - - 3,200.00 352.00 15.75 6.30
Total 24,800.00 - - 24,800.00 2,728.00 133.00 48.40
NAME: LEE SENG CHUAN

Month
SEP 1,200.00 - - 1,200.00 - - -
OCT 1,200.00 - - 1,200.00 - - -
NOV 1,200.00 - - 1,200.00 - - -
DEC 1,200.00 - - 1,200.00 - - -
JAN - - - - - - -
FEB - - - - - - -
MAR - - - - - - -
APR - - - - - - -
MAY - - - - - - -
JUN - - - - - - -
JUL - - - - - - -
AUG - - - - - - -
Total 4,800.00 - - 4,800.00 - - -
NAME: YIP BEE LIAN POSITION: ACCOUNT CLERK

I/C NO.: 760123-14-5632 Income Tax no: IG 10381434051
Month
SEP - - - - - - -
OCT - - - - - - -
NOV - - - - - - -
DEC - - - - - - -
JAN - - - - - - -
FEB - - - - - - -
MAR - - - - - - -
APR - - - - - - -
MAY - - - - - -
JUN - - - - - - -
JUL 5,000.00 - - 5,000.00 550.00 19.75 7.90
AUG 5,000.00 - - 5,000.00 550.00 19.75 7.90
Total 10,000.00 - - 10,000.00 1,100.00 39.50 15.80
Married with 3 kids
EPF No: 12911823
oyee Nett Employer
PCB Salary EPF SOCSO EIS
RM RM RM RM RM
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
9,700.00 - 2,277.65 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
1,014.25 7,858.10 1,900.00 69.05 7.90
1,014.25 32,858.10 1,900.00 69.05 7.90
17,128.50 99,839.70 15,240.00 828.60 94.80
Married with a kid

EPF No: 14320250
oyee Nett Employer
RM RM RM RM RM
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
600.00 6,822.35 1,144.00 69.05 7.90
1,014.25 7,858.10 1,900.00 69.05 7.90
1,014.25 32,858.10 1,900.00 69.05 7.90
8,028.50 108,939.70 15,240.00 828.60 94.80
EPF No: 15550617

oyee Nett Employer
RM RM RM RM RM
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,589.75 234.00 30.65 3.50 1,602.00
- 1,760.35 260.00 55.15 3.90 1,780.00
- 1,760.35 260.00 55.15 3.90 1,780.00
- 2,825.95 416.00 55.15 6.30 2,825.95
- 2,825.95 416.00 55.15 6.30 2,825.95
- 21,890.60 3,224.00 465.80 48.40
oyee Nett Employer

RM RM RM RM RM
- 1,200.00 - - -
- 1,200.00 - - -
- 1,200.00 - - -
- 1,200.00 - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- 4,800.00 - - -
EPF No: 12752299

oyee Nett Employer
RM RM RM RM RM
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
143.80 4,278.55 650.00 69.05 7.90
143.80 4,278.55 650.00 69.05 7.90
287.60 8,557.10 1,300.00 138.10 15.80
R3-43
Subject: Wages

TB LY
Wages 103,811.00 RJE 1 - 103,811.00 93,145.00 1067% 0.11
103,811.00 103,811.00 93,145.00 1067% 0.11

Ø Ø Ø
Breakdown:
Ali (Oct'21 & Nov'21) 770.00

Chan Chun Yean (Sep'21 to Jan'22) 8,000.00
Dhineshkumar (Oct'21 to Dec'21) 3,900.00
Hmo May (Sep'21 to Oct'21) 2,030.00
Htet Lin (Aug'22) 1,260.00
Myo May (Sep'21 to Aug'22) 9,170.00
Sotha (Sep'21 to Aug'22) 28,400.00
Salai (May'22 to Aug'22) 5,780.00
Lee Seng Chuan (Sep'21 to Aug'22) 14,100.00
Lee Hwee Tong (Aug'22) 700.00
Lee Ying Chuan 1,500.00
Khoor Yoke Foh (Sep'21 to Jan'22) 11,500.00
Sanitha (Oct'21) 600.00
Ong Sit Kit (Feb'22 to Mac'22) 4,558.00
Zaw Hlaing Win (Sep'21 to Dec'21) 4,550.00
Tan Pui San (Jul'22 to Aug'22) 4,693.00
Lim Chew Ching 2,300.00
103,811.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
R3-44
Subject: Staff's welfare

TB LY
Staff's welfare - - 243.60 -24% (1.00)
- - 243.60 -24% (1.00)

Ø Ø Ø
Breakdown:
-
-
-
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusio
Period : 31.08.2022
Subject: Hire purchase interest
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Hire purchase interest - AJE 2 5,455.05
-
Ø
Breakdown: Please refer to hire purchase schedule as per attached. <N3>
Mitsubishi Triton 2.4 - VEW 5520

Toyota Hilux - VFM 8378
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced
R3-45
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
5,455.05 3,966.14 149% 0.38
5,455.05 3,966.14 149% 0.38

Ø Ø
1,062.22
4,392.83
5,455.05
GL/Ø
-
erial misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Term loan interest
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Term loan interest 2,991.78
2,991.78
Ø
Breakdown: Please refer to hire purchase schedule as per attached. <Q2>
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced
R3-46
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
2,991.78 - 299% #DIV/0!
2,991.78 - 299% #DIV/0!

Ø Ø
-
-
-
-
-
-
-
-
-
-
783.56
2,208.22
2,991.78
GL/Ø
-
erial misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's allowance
w/p ref. 31.08.2022 Dr
RM RM
TB
Director's allowance - RJE 6 6,600.00
-
Ø
Breakdown:
BASIC CLAIM Fee Allow
Loh Loon Lee CB-1 88,000.00 37,000.00 3,300.00

Lee Ying Seong CA-1 88,000.00 37,000.00 3,300.00
176,000.00 - 74,000.00 6,600.00

RJE 6
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
R3-47
Reviewed by : WLL
Adjustment-------> Adjusted bal

Cr 31.08.2022 31.08.2021 Variance
RM RM RM RM'000 %
LY
6,600.00 - 7 #DIV/0!
6,600.00 - 7 #DIV/0!
Ø Ø
Y Lead
EPF SOCSO EIS

EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER EMPLOYEE EMPLOYER
11,000.00 15,240.00 237.00 828.60 94.80

11,000.00 15,240.00 237.00 828.60 94.80
22,000.00 30,480.00 474.00 1,657.20 189.60
de that the risk of material misstatement is reduced to an acceptably low level.

EIS
EMPLOYER PCB TOTAL
94.80 17,128.50 99,839.70

94.80 8,028.50 108,939.70
189.60 25,157.00 208,779.40

Period : 31.08.2022
Subject: Other income

ref accounts DR
RM RM
Admin fee R4-1 10,500.00 TB

Rental of equipment R4-2 11,998.00 TB
Rental of factory R4-3 15,750.00 TB
Sub-contractor R4-4 (24,867.94) TB RJE 5
13,380.06
Ø

Increase of other income mainly due to renting our equipment and sub let the factory during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of mat
level.
R4
Reviewed by : WLL 4.12.2019
djustments
CR 31.08.2022 31.08.2021 Variance
RM RM RM RM'000 %
LY
10,500.00 - 11 #DIV/0!
11,998.00 - 12 #DIV/0!
15,750.00 - 16 #DIV/0!
24,867.94 - - - #DIV/0!
38,248.00 - 38 #DIV/0!
Ø Ø
Y1-1
y during the year.
ed, we conclude that the risk of material misstatement is reduced to an acceptably low
Period : 31.08.2022
Subject: Admin fee

ref accounts DR CR 30.06.2018
RM RM RM RM
TB
Admin fee R4 10,500.00 10,500.00
10,500.00 10,500.00
Ø Ø
Breakdown:
Prihatin subsidy income from government 10,500.00
Work Done:
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstateme
low level.
R4-1
Reviewed by : WLL
30.06.2017 Variance
RM RM'000 %
LY
- 11 #DIV/0!
- 11 #DIV/0!
Ø
risk of material misstatement is reduced to an acceptably

Period : 31.08.2022
Subject: Rental of equipment

ref accounts DR CR
RM RM RM
TB
Rental of equipment R4 11,998.00
11,998.00
Ø
Breakdown:
Trade creditor:-
Gold Eagle Forklift Sdn Bhd - Rent Triton VEW 5520

Increase of Rental income mainly due to the additional income during the year.
Work Done:
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of ma
low level.
R4-2
Reviewed by : WLL
31.08.2022 31.08.2021 Variance

RM RM RM'000 %
LY
11,998.00 - 12 #DIV/0!
11,998.00 - 12 #DIV/0!
Ø Ø
11,998.00 R4-2a
11,998.00 V
GL
-
onclude that the risk of material misstatement is reduced to an acceptably

Period : 31.08.2022
Subject: Rental of factory

ref accounts DR CR
RM RM RM
TB
Rental of factory R4 15,750.00
15,750.00
Ø
Breakdown:
Sub-let factory to :
Gold Eagle Forklift Sdn Bhd (Feb'22 to Aug'22) (RM2,250 per month)

Increase of Rental income mainly due to the additional income during the year.
Work Done:
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of ma
low level.
R4-3
Reviewed by : WLL
31.08.2022 31.08.2021 Variance

RM RM RM'000 %
LY
15,750.00 - 16 #DIV/0!
15,750.00 - 16 #DIV/0!
Ø Ø
15,750.00 R4-2a
15,750.00 V
GL
-
onclude that the risk of material misstatement is reduced to an acceptably

S
Subject: Provision of income tax - Lead Schedule

ref accounts DR CR 31-Mar-20 31-Mar-18 Variance
GL LY
Tax prepayment - - - - - - #DIV/0!

Payment - YA2018 - - - - #DIV/0!
Over provision of income tax - YA2018 - - - - #DIV/0!
Provision during the year (3,752) AJE 5 21,703 17,951 32,110 (14) -44%
Payment - CP204 YA2020 - - - - #DIV/0!
Penalty error record - - - - #DIV/0!
(3,752) 17,951 32,110 (14) -44%

Ø Ø Ø

Increase mainly due to increase of provision of income tax during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
Schedule 1 (Page 255 of 2)
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD (1367104-M)

Tax File No : C 26587619-02
Employer File No : E 91683923-00
YEAR OF ASSESSMENT 2022

Accounting Period : 01.09.2021 to 31.08.202
Basis Period : 01.09.2021 to 31.08.2022
INCOME TAX COMPUTATION
RM RM Reference
1. BUSINESS INCOME
Profit / (Loss) for the year as per audited accounts 101,142 P&L
Add : Non-allowable expenses

Auditor's remuneration 5,500 P&L
Depreciation of plant and equipment 56,126 P&L
Entertainment 1,014 Note 6
Gift and donation 2,500 Note 8
Penalty 75 P&L
Processing fee 4,145 P&L
Rental 150 Note 12
Road tax and insurance 310 Note 13
Tax filing fee 1,230 P&L
71,050
Less : Special deduction
Auditor's remuneration (5,500)
65,550
166,692
Add : Balancing charge - -

Less : Balancing allowance
Less : Capital Allowances
Unabsorbed capital allowances b/f -
Initial allowance 10,529
Annual allowance 28,501
39,030 (39,030)
Unabsorbed capital allowance c/f -
STATUTORY INCOME FROM BIZ 127,662
Unabsorbed business loss b/f -

Current year business loss - -
Utilised current business loss - -
Unabsorbed business loss c/f -
AGGREGATE INCOME 127,662
Less : Approved donation -
CHARGEABLE INCOME 127,662
TAX PAYABLE
Income tax at 17% 21,702.54
Tax File No : C 26587619-02 Schedule 2 (256 of 265)
Basis Period : 01.09.2021 to 31.08.2022
NOTES TO TAX COMPUTATION
1. Members'/Directors' Shareholdings As At 31.08.2022
Income Tax No. of share Percentage of

Reference No./ held @ shareholding
Name and address NRIC No. RM 1.00 each %
LEE YING SEONG 810311-14-5405 500 50.00%

No 39 Block J24
Lorong 17/16D Jinjang Utara
52000 Kuala Lumpur
LOH LOON LEE 760909-04-5131 500 50.00%

No 22A Jalan SL 4/8
Bandar Sungai Long
43000 Kajang
Selangor Darul Ehsan
1,000 100.00%
2 Cost - Rental of forklift - RM21,200

RM
YS Forklift Sdn Bhd 1,300

Kyodo Machinery Sdn Bhd 19,000
Victory Forklift Service Enterprise 900
21,200
3 Cost - Sub contractor - RM27,968

RM
Zaw Hiang Win 3,100

Goldeagle Forklift Sdn Bhd 24,868
-
27,968
4 Commission - RM16,533
RM
Pou Tiong Hau 500

Yee Fook Leong 1,000
Khor Yoke Foh 1,000
Wong Su Yung 3,533
Lew Yit Peng 6,000
Poh Lai 2,500
Fong Jun Pin 2,000
Commission paid for introduction of business to the company 16,533
5 Directors' remuneration - RM288,945

Basis Period : 01.09.2021 to 31.08.2022
Salary Fee EPF SOCSO / Total
EIS
RM RM RM RM RM
Lee Ying Seong 91,309 37,000 15,240 924 144,473

Loh Loon Lee 91,309 37,000 15,240 923 144,472
182,618 74,000 30,480### 1,847

### 288,945
6 Entertainment - RM2,028
RM
Wef YA 2008, entertainment expenses incurred eligible for 50% deduction 2,028
2,028
7 Factory expenses - RM1,929

RM
Factory expenses incurred for daily operation expenses incurred 1,929
1,929
8 Gift and donation - RM2,500

RM
Condolence expenses specifically disallowed for deduction under S39 2,500
2,500
9 Insurance - RM5,315
RM
Allianz Life Insurance Malaysia Bhd 5,315

- SME choice plus hospitalisation and surgical for employees
5,315
10 Printing and stationery - RM5,534

RM
Logo stickers 3,500

Stationery expenses 2,034
5,534
11 Professional fee - RM600

RM
Basis Period : 01.09.2021 to 31.08.2022
Innovation System Solution
- SQL financial accounting module support 600
600
12 Rental - RM54,750
RM
Landlord :
Kun Yoong Trading
Premise rented :
A-12 Taman Nan Yang
Jinjang Utara
52000 Kuala Lumpur
Rental : RM4,500 @ 12 months 54,000

-
Landlord :
Ng Kok Wah
Premise rented :
A-12 Taman Nan Yang
Jinjang Utara
52000 Kuala Lumpur
Rental : RM600 @ 1 month 600
Agreement fee for rental arrangement 150
54,750
13 Road tax and insurance - RM12,396

RM
Mitsubishi Triton - VEW 5520 3,925

Toyota Hilux - VFW 8378 5,658
Proton Wira - WQS 7192 222
Van - WMQ 7913 1,525
WD 5848 F 225
WBY 8230 531
Registration 310
12,396
14 Upkeep of motor vehicle - RM12,788

RM
Mitsubishi Triton - VEW 5520 4,586

Basis Period : 01.09.2021 to 31.08.2022
Toyota Hilux - VFW 8378 1,614
Proton Wira - WQS 7192 1,619
Van - WMQ 7913 4,633
WD 5848 F 185
WBY 8230 151
-
12,788
-
Tax File No : C 26587619-02 Schedule 3 (Page 260 of 265)

Basis Period : 01.09.2021 to 31.08.2022
ANALYSIS OF ADDITIONS TO FIXED ASSETS
Non-
Qualifying
Particulars Cost 10% 14% 20% 80% exp
RM RM RM RM RM RM

SQL software 1,250 - - 1,250 - -
1 unit HP prodesk microtower 4,945 - - 4,945 - -
1 unit Asus i5-11400 laptop 3,050 - - 3,050 - -
- - - - - -
9,245 - - 9,245 - -
OFFICE EQUIPMENT
1 unit Huawei router 340 - - - 340 -
1 unit office fan 179 - - - 179 -
- - - - - -
- - - - - -
519 - - - 519 -
MOTOR VEHICLE
Mitsubishi Triton - VEW 5520 19,506 - - 19,506 - -
Toyota Hilux - VFW 8378 23,375 - - 23,375 - -
42,881 - - 42,881 - -
RENOVATION
Renovation 5,750 - - - - 5,750
- - - - - -
5,750 - - - - 5,750
TOTAL 58,395
### ###
- ###
- 52,126
### 519
### 5,750
RECONCILIATION
Qualifying expenditure incurred in prior year due to
HP arrangement
Mitsubishi Triton - VEW 5520 (19,506)

Toyota Hilux - VFW 8378 (23,375)
15,514

Basis Period : 01.09.2021 to 31.08.2022
COMPUTATION OF CAPITAL ALLOWANCE
QUALIFYING EXPENDITURE AT COST A.A RESIDUAL EXPENDITURE (RE) ALLOWANCES RE
Year of
Particulars Purchase B/F Additions Disposals C/F B/F Additions Disposals Total Initial Annual C/F
RM RM RM RM RM RM RM RM RM RM RM

SQL 02.05.21 600 - - 600 80% - - - - - - -
SQL software 25.09.21 - 1,250 - 1,250 20% - 1,250 - 1,250 250 250 750
1 unit HP prodesk microtower 21.10.21 - 4,945 - 4,945 20% - 4,945 - 4,945 989 989 2,967
1 unit Asus i5-11400 laptop 03.07.22 - 3,050 - 3,050 20% - 3,050 - 3,050 610 610 1,830
- - - - - - - - - - -
600 9,245 - 9,845 - 9,245 - 9,245 1,849 1,849 5,547
FURNITURE AND FITTINGS

Used furniture 02.05.21 600 - - 600 80% - - - - - - -
- - - - - - - - - - -
600 - - 600 - - - - - - -
OFFICE EQUIPMENT
1 unit of water cooler 05.02.21 1,800 - - 1,800 10% 1,260 - - 1,260 - 180 1,080
1 unit Okyo time recorder 05.04.21 390 - - 390 80% - - - - - - -
1 unit stand fan 19.05.21 230 - - 230 80% - - - - - - -
1 unit Huawei router 16.09.21 - 340 - 340 80% - 340 - 340 68 272 -
1 unit office fan 27.03.22 - 179 - 179 80% - 179 - 179 36 143 -
- - - - - - - - - - -
- - - - - - - - - - -
2,420 519 - 2,939 1,260 519 - 1,779 104 595 1,080
MOTOR VEHICLE
Mitsubishi Triton - VEW 5520 28.07.20 47,800 - - 47,800 20% 23,900 - - 23,900 - 9,560 14,340
2022 - 19,506 - 19,506 20% - 19,506 - 19,506 3,901 3,901 11,704
Toyota Hilux - VFW 8378 04.02.21 39,604 - - 39,604 20% 19,802 - - 19,802 - 7,921 11,881
2022 - 23,375 - 23,375 20% - 23,375 - 23,375 4,675 4,675 14,025
- - - - - - - - - - -
- - - - - - - - - - -
87,404 42,881 - 130,285 43,702 42,881 - 86,583 8,576 26,057 51,950
Grand Total 91,024 52,645 - 143,669 44,962 52,645 - 97,607 10,529 28,501 58,577
<--------- Schedule 1 ---------->
RECONCILIATION

Basis Period : 01.09.2021 to 31.08.2022
COMPUTATION OF CAPITAL ALLOWANCE
QUALIFYING EXPENDITURE AT COST A.A RESIDUAL EXPENDITURE (RE) ALLOWANCES RE
Year of
Particulars Purchase B/F Additions Disposals C/F B/F Additions Disposals Total Initial Annual C/F
RM RM RM RM RM RM RM RM RM RM RM
Qualifying expenditure not incurred yet due to
HP arrangement
Mitsubishi Triton - VEW 5520 28.07.20 76,854 (19,506) - 57,348
Toyota Hilux - VFW 8378 04.02.21 113,720 (23,375) - 90,345
Renovation 2021 15,500 - - 15,500

Renovation 2022 - 5,750 - 5,750
297,098 15,514 - 312,612

GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD (1367104-M) Schedule 5 (Page 1 of 2)
Tax File No : C 26587619-02

SCHEDULE OF HIRE PURCHASE PAYMENT
(A) Descriptions of assets under hire purchase
Descriptions of asset : MITSUBISHI TRITON - VEW 5520

Date of purchase : 28.07.2020
RM RM
Cost 116,686.40
Additional finance (17,686.40)
Deposit -
Amount being financed 99,000.00
Hire purchase interest 3,811.50
Total payable 102,811.50
Monthly instalments 1,714.00

Final instalment 1,685.50
No. of instalments 60
No. of instalments paid in previous year 12
No. of instalments paid in basis year 12
(B) Capital expenditure incurred in basis year
Deposit -
Instalments paid 20,568.00
Total 20,568.00
Hire purchase interest (1,062.22)
Net capital expenditure 19,505.78
(C) Reconciliation
Cost 116,686
YA 2021 39,832
YA 2022 19,506
-
-
-
Accumulated capital expenditure 59,338 (59,338)

Hire purchase balance 57,348
GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD (1367104-M) Schedule 5 (Page 2 of 2)
Tax File No : C 26587619-02

SCHEDULE OF HIRE PURCHASE PAYMENT
(A) Descriptions of assets under hire purchase
Descriptions of asset : TOYOTA HILUX - VFW 8378

Date of purchase : 04.02.2021
RM RM
Cost 146,722.00
Additional finance (21,722.00)
Deposit -
Amount being financed 125,000.00
Hire purchase interest 13,812.50
Total payable 138,812.50
Monthly instalments 2,314.00

Final instalment 2,286.50
No. of instalments 60
No. of instalments paid in previous year 6
No. of instalments paid in basis year 12
(B) Capital expenditure incurred in basis year
Deposit -
Instalments paid 27,768.00
Total 27,768.00
Hire purchase interest (4,392.83)
Net capital expenditure 23,375.17
(C) Reconciliation
Cost 146,722
YA 2021 33,002
23,375
-
-
-
Accumulated capital expenditure 56,377 (56,377)

Hire purchase balance 90,345
S2
Subject: Payment of income tax
YA No Installment RM
27.04.2018 2018 12/12 1,205.00
25.05.2018 2019 1/12 1,025.00

28.06.2018 2019 2/12 1,025.00
30.07.2018 2019 3/12 1,025.00
28.08.2018 2019 4/12 1,025.00
28.09.2018 2019 5/12 1,025.00
29.10.2018 2019 6/12 1,025.00
07.12.2018 2019 7/12 2,905.00
07.01.2019 2019 8/12 2,905.00
13.02.2019 2019 9/12 2,905.00
26.02.2019 2019 10/12 2,905.00
30.03.2019 2019 11/12 2,905.00
27.11.2018 2018 Income tax 16,911.40
30.03.2019 2015 Underprovision of income tax 1,614.20

30.03.2019 Penalty 161.42
30.03.2019 2016 Underprovision of income tax 489.22
30.03.2019 Penalty 48.93
30.03.2019 Penalty 549.21
30.03.2019 Penalty 293.52
50,375.12
03.04.2019 2019 12/12 2,905.00

Gold Eagle Forklift Enterprise (M) Sdn Bhd - AWP - 31.08.2022 (03.05.2023)

Uploaded by

Copyright:

Available Formats

You might also like

Gold Eagle Forklift Enterprise (M) Sdn Bhd - AWP - 31.08.2022 (03.05.2023)

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Gold Eagle Forklift Enterprise (M) Sdn Bhd - AWP - 31.08.2022 (03.05.2023)

Uploaded by

Copyright:

Available Formats

Client name: GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN. BHD.

Year ended: 31.08.2022

1 F2 FA ADDITION - RENOVATION ANY SUPPORTING DOC/DETAILS?

3 K6 Please provide document K6-a and tenancy agreement

4 R3-5 Please provide IC Lee Cherng Khong

6 R3-16 Adjust (R3-16a) INV-2006/007 SQL module software to Fixed asset?

7 R3-17 Rental of factory why monthly rental different?

8 R3-19 To request document R3-19g

9 R3-24 Breakdown details for (Public bank)

10 R3-36 Please provide IC

GEMENT ACCOUNT - HARDCOPY IS THE LATEST VERSION?)

uff for worker (Lokan and others) 154

Fixed asset? 600

Renovation no inv, its PV, hired those personal to touch up in factory.

K6-a - adjusted into other debtor, refer to the Note 1 in K6.

Adjusted, refer RJE 3

Adjusted, refer AJE 6

Pending from client

Pending from client

n rental was increased up to RM4,500 per mth.

1,000.00 Issued capital C 1,000.00 1,000.00

145,271.86 Unappropriated loss/profit A3-2 324,794.52 AJE 1 6,500.00 AJE 6 - 225,459.22

146,271.86 325,794.52 226,459.22

Non Current Liabilities

296,905.05 538,104.01 444,223.76

248,454.46 Fixed Assets F 266,768.46 AJE 6 - AJE 3 56,125.71 207,842.75

- Investment in Jointly-Controlled Entity I 500.00 500.00

843,472.81 1,922,989.59 1,924,489.59

207,985.59 Amount owing to directors M6 271,403.47 271,403.47

795,022.22 1,652,154.04 1,688,608.58

48,450.59 Net Current Assets 270,835.55 235,881.01

296,905.05 NET ASSETS 538,104.01 103,831.30 103,831.30 444,223.76

2,218,107.70 Revenue R1 2,871,200.30 RJE 5 2,984.32 2,874,184.62

(1,365,338.12) Cost of sales (2,094,197.02) RJE 5 27,852.26 (2,122,049.28)

852,769.58 Gross profit 777,003.28 752,135.34

- Other Income 13,380.06 RJE 5 24,867.94 38,248.00

852,769.58 790,383.34 790,383.34

177,382.14 Profit before taxation 179,522.66 101,141.90

Income tax expense

- Retained profit/Accummulated losses b/f TB 145,271.86 145,271.86

145,271.86 Accummulated losses/Retained profit c/f 324,794.52 235,790.66 136,455.36 225,459.22

AJE 1 P/L - Auditor's remuneration 5,500.00

AJE 2 P/L - Hire purchase Interest 5,455.05

AJE 3 P/L - Depreciation of fixed asset 56,125.71

COMPUTER & SOFTWARE 689.12

AJE 4 P/L - Upkeep of motor vehicle 2,800.00

AJE 5 P/L - Taxation 21,702.54

AJE 6 B/S - Computer and software

AJE 7 P/L - Rental 9,000.00

AJE 8 B/S - Deposit 1,500.00

AJE 9 B/S - Current tax liabilities 748.00

AJE 10 P/L - Professional fee 150.00

We hereby approved the above adjustment journal entries

RJE 1 P/L - Director's remuneration - Director's Fee 74,000.00

RJE 2 P/L - Secretarial fee and related expenses 600.00

RJE 3 P/L - Staff welfare

RJE 4 P/L - Road tax and insurance 131.15

RJE 5 P/L - Cost - Subcontractor 27,852.26

RJE 6 P/L - Director's remuneration - Director's Allowance 6,600.00