M. M. Rahman Co.
Chartered Accountants
M/S J K Enterprise
Statement of Financial Position
As at 31 December 2018
Notes Amount in Taka Amount in Taka
Assets 2018 2017
Non-Current Assets 15,029,662 15,103,180
Property, Plant and Equipment 4,661,662 4,735,180
Annex 1
Land 10,368,000 10,368,000
Current Assets 98,003,898 78,454,417
Inventories 2 22,258,440 18,548,700
Advance, Deposit & Prepayments 1 1,800,000 2,000,000
Trade Receivable 66,619,599 51,245,845
Cash and Cash Equivalents 3 7,325,859 6,659,872
Total Assets 113,033,560 93,557,597
Shareholders Equity and Liabilities
Equity 107,332,741 82,015,999
Capital 20,000,000 20,000,000
Retained Earnings 4 87,332,741 62,015,999
Loan From Bank 4,519,169 7,531,948
Bank Loan 4,519,169 7,531,948
Current Liabilities 1,181,650 4,009,650
Bills Payable 764,610 2,548,700
Other Liabilities 374,550 1,248,500
Liabilities for Expenses 42,490 212,450
Total Equity and Liabilities 113,033,560 93,557,597
- -
Proprietor
Dhaka
Date Chartered Accountants
M. M. Rahman Co.
Chartered Accountants
M/S J K Enterprise
Statement of Comprehensive Income
For the year ended 31 December, 2018
Notes Amount in Taka Amount in Taka
PARTICULARS 2018 2017
Turnover 737,258,336 624,795,200
Cost of Sales 5 659,508,054 584,351,423
Gross Profit 77,750,282 40,443,777
Operating Expenses 1,774,338 1,656,520
Administrative Expenses 6 1,774,338 1,656,520
Operating profit/ ( Loss) 75,975,945 38,787,257
Other Income - -
Profit Before Interest & Tax 75,975,945 38,787,257
Financial expenses 94,688 78,907
Profit Before tax 75,881,256 38,708,350
Taxation 1,560,625 1,248,500
Net Profit 74,320,631 37,459,850
Proprietor
Dhaka
Date Chartered Accountants
M. M. Rahman Co.
Chartered Accountants
Continuation Sheet MAKC
M/S J K Enterprise
Statement of Cash flow
For the year ended 31 December, 2018
Amount in Taka
2018
1. CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit 74,320,631
Add - Depreciation 73,518
(Increase)/ Decrease in Ending Inventories (3,709,740)
(Increase)/ Decrease in Advances, deposits & Prepayments 200,000
(Increase)/ Decrease in Accounts Receivable (15,373,754)
Increase/ (Decrease) in Liabilities for expense (169,960)
Increase/ (Decrease) in Payables (1,784,090)
Increase/ (Decrease) in Other Liabilities (873,950)
Prior Year Adjustment
Increase/ (Decrease) in Audit Fees -
Net Cash Generated from Operating Activities 52,682,656
2. CASH FLOW FROM INVESTING ACTIVITIES:
Acquisition of Fixed Assets
Other Investments
Net Cash In/ Outflow from Investing Activities -
3. CASH FLOW FROM FINANCIAL ACTIVITIES:
Short Term Loan (3,012,779)
Drawings/ New Capital (49,003,889)
Interest Expense
Net Cash In/ Outflow from Financial Activities (52,016,669)
Net Cash Increase/ (Decrease) During the Year 665,987
Opening Cash & Bank Balance 6,659,872
Closing Cash & Bank Balance 7,325,859
M. M. Rahman Co.
Chartered Accountants
Amount in Taka Amount in Taka
2018 2017
Note - 1 Advance, Deposit & Prepayments
Advance 1,800,000 2,000,000
Advance Salary to Staff -
1,800,000 2,000,000
Note - 2 Inventories/ Closing Stock
ClosingStock 22,258,440 18,548,700
Others - -
22,258,440 18,548,700
Note - 3 Cash & Cash Equivalent
Cash in Hand 4,395,516 3,995,923
Cash at Bank 2,930,344 2,663,949
7,325,859 6,659,872
Note - 4 Retained Earnings
As Per last Year Balance 62,015,999 24,556,149
Add - Current Year's Net Profit 74,320,631 37,459,850
Less - Drawings 49,003,889
87,332,741 62,015,999
Note - 5 Cost of Goods Sold
Opening Stock 18,548,700 6,828,200
Purchase 656,159,919 588,229,840
674,708,619 595,058,040
Less - Closing Stock 22,258,440 18,548,700
652,450,179 576,509,340
Factory Overhead
Carriage Inwards 4,606,970 5,118,855
Others 2,450,905 2,723,228
7,057,875 7,842,083
Cost of Sales 659,508,054 584,351,423
Note 6 Administrative Expense
Salary 364,176 337,200
Bonus 61,534 56,976
Printing 10,610 9,824
Travelling & Conveyance 35,667 33,025
Telephone 28,822 26,687
Rent 388,800 360,000
Entertainment 164,728 152,526
Business Promotion 255,150 236,250
Electricity 35,432 32,807
Paper 3,433 3,179
Misc. Expenses 312,011 288,899
Registration 13,457 12,460
Audit fees 10,800 10,000
Legal fees 16,200 15,000
Depreciation 73,518 81,687
1,774,338 1,656,520
M. M. Rahman Co.
Chartered Accountants
Annex 1
M/S J K Enterprise
Schedule of Fixed Assets as at 31 December, 2018
SL Particulars Addition Depreciation WDV
Balance as on Addition Balance as on Rate Charged Balance as on Balance as on
01.01.18 31.12.2018 31.12.2018 31.12.2018
1 Equipments 180,697 180,697 10% 18,069.70 18,070 162,627
2 Furniture & Fixture 554,483 554,483 10% 55,448 55,448 499,035
3 Sunday Assets 4,000,000 4,000,000 0% - - 4,000,000
Total Taka 4,735,180 - 4,735,180 73,518 73,518 4,661,662
