LLC.

Sharjah - United Arab Emirates Notes to the Financial Statements for the year ended on 31st December 2010 Note No. 3 - Fixed Assets : A)- Property, Plant And Equipment :Property, plant and equipment is stated at cost less accumulated depreciation and identified impairment loss, if any. The costs comprises of purchase price, levies, duties and any directly attributable costs of bringing the asset to its working condition. The cost of property, plant and equipment is depreciated using the straight-line method over their estimated useful economic lives . B)- Impairment Of Assets :Property, plant and equipments are reviewed for impairment, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.Whenever the carrying amount of an asset exceeds its recoverable amount, an impairment loss is recognised in the statement of income . Assets : Furniture Vehicle Machin. Office & equipmen equipmen t t Total Total Total Total

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Cost Value : As at 01/01/2010 Additional During 2010 Despoil During 2010 As at 31/12/2010 Depreciation : As at 31/12/2009 As at 31/12/2010 Accumulated Depreciation Net Book Value: As at 31/12/2010

Maintenance and repairs are charged to expenses as incurred Improvements which extend the life of the asset are capitalized and amortized over the remaining life of the asset the asset.