AL MASHREQ TRADING AND CONTRACTING CO.

SUMMARY TRIAL BALANCE AS ON 31/3/2010

( From 1st April-2009 to 31 March-2010 )

General Ledger Accounts Descriptions

DR
(CR )

Opening
Balances

Transactions
2009-2010

Closing
Balances

FIXED ASSETS :
Land and Building
Machinery and Equipment
Furniture and Fixtures
Motors Vehicles
Computers/ Software
others

A
A
A
A
A
A

1,546,500.00
946,790.00
87,256.00
346,580.00
62,589.00
46,780.00

46,970.00
213,490.00
9,780.00
78,500.00
2,790.00
5,890.00

1,593,470.00
1,160,280.00
97,036.00
425,080.00
65,379.00
52,670.00

A
A
A
A
A

3,458,920.00
235,790.00
48,975.00
56,879.00
22,568.00

857,894.00
(46,795.00)
(22,123.00)
(23,579.00)
(12,579.00)

4,316,814.00
188,995.00
26,852.00
33,300.00
9,989.00

A
A
A

5,789,425.00
925,780.00
325,789.00

1,868,054.00
126,578.00
12,579.00

7,657,479.00
1,052,358.00
338,368.00

A
A

26,785.00
1,278,950.00
15,206,356.00

11,792.00
324,795.00
3,454,036.00

38,577.00
1,603,745.00
18,660,392.00

ACCOUNTS RECEIVABLES/ PRE-PAYMENTS :

Trade Receivables
Other Receivables
Employees' Balance
Pre-paid Insurances
Other Pre-payments
INVENTORIES :
Machineries and Equipment
Replacement Parts / Equipment
Other Products/ Consumables
CASH AND BANK BALANCES :
Cash in hand
Balances in Banks
ACCUMULATED DEPRECIATION:
On Land and Building
On Machinery and Equipment
On Furniture and Fixtures
On Motors Vehicles
On Computers/ Software
On others

L
L
L
L
L
L

(526,790.00)
(287,589.00)
(42,578.00)
(189,500.00)
(31,295.00)
(10,890.00)

(386,625.00)
(236,698.00)
(16,586.00)
(86,500.00)
(16,586.00)
(11,780.00)

(913,415.00)
(524,287.00)
(59,164.00)
(276,000.00)
(47,881.00)
(22,670.00)

ACCOUNTS PAYABLES & CREDIT BALANCES:

Trade Accounts payables
Other Payables
Employees' End- of Service Benefits
Accrued Expenses

L
L
L
L

(1,325,478.00)
(522,164.00)
(327,325.00)
(223,625.00)

32,579.00
152,793.00
(87,546.00)
(51,793.00)

(1,292,899.00)
(369,371.00)
(414,871.00)
(275,418.00)

BANK LOANS AND OVERDRAFTS

(3,789,750.00)

(246,789.00)

(4,036,539.00)

L
L
L

(5,000,000.00)
(785,500.00)
(2,143,872.00)
(15,206,356.00)

(955,531.00)

(5,000,000.00)
(785,500.00)
(2,143,872.00)
(16,161,887.00)

I
I
I
E

(22,302,569.11)
(6,230,029.47)
(1,780,008.42)
645,800.00

(22,302,569.11)
(6,230,029.47)
(1,780,008.42)
645,800.00

C
C
C
I

17,349,997.20
4,943,035.40
1,476,284.40
(490,808.00)

17,349,997.20
4,943,035.40
1,476,284.40
(490,808.00)

E
E
E
E
E
E
E
E
E
E
E
E

1,365,423.00
225,318.00
76,576.00
56,946.00
212,456.00
21,750.00
45,645.00
87,546.00
31,256.00
65,879.00
24,789.00
82,764.00

1,365,423.00
225,318.00
76,576.00
56,946.00
212,456.00
21,750.00
45,645.00
87,546.00
31,256.00
65,879.00
24,789.00
82,764.00

CAPITAL AND EQUITY:

Paid up Capital
Compulsory Reserve
Retained Earnings

SALES :
Machineries & Equipment
Replacement Parts & Equipment
Other Products and Consumables
Sales Discount
COST OF SALE:
Machineries & Equipment
Replacement Parts & Equipment
Other Products and Consumables
Purchase Discount
EXPENSES:
Salaries & Wages
House Allowances
Transport Allowances
Air Tickets
Leave Pay
Overtime Pay
Other Allowances
Employees End of Service Benefits
Printing & Stationery
Electricity & Water
Fuel and Power
Repair / Maintenance & Renovations

Communication Expenses
Advertisement & Publicity
Products Promotion
Travelling Expenses & Airfare
Entertainment
Bank Charges
Bank Interest
Depreciation
Other expenses

E
E
E
E
E
E
E
E
E

NET MARGIN FOR THE YEAR

37,456.00
126,578.00
43,257.00
23,456.00
13,457.00
18,654.00
543,456.00
754,775.00
32,356.00

NOTES:
1. 25% of the current Net Margin to be transferred to Compulsory Reserve.
2. The balance of the Net Margin to be transferred to Retained Earnings,
3. A= ASSETS, L= LIABILITIES, C= COST OF GOODS SOLD, E= EXPENSES & R= RETAINED
EARNINGS, I= INCOME.
4. Purchase Discount to be deducted from COST OF SALES and Sales Discount
from SALES.

37,456.00
126,578.00
43,257.00
23,456.00
13,457.00
18,654.00
543,456.00
754,775.00
32,356.00

(2,498,505.00)