Furniture Costing:

Bar Stool- Steel (RM165 *11 units)

Bar
Table-Table
Steeland
(RM399
* 11with
units)
3 Dine-In
6 Chairs
divider (RM900 *6 units)
Side Bar Table and Stool (RM490 *4 units)
Bar Table and 6 Stool Outdoor (RM1350 *2 units)
Bar Table and 2 Bar Stool (RM800 *4 units)
Table and 4 chairs (RM248 *6 units)
Total Furnitures Costing

RM/Unit
1,815
4,389
1,960
5,400
2,700
3,200
1,488
20,952

RM/Unit
1,815
4,389
1,960
5,400
2,700
3,200
1,488
20,952

COFFEE CONNECTION 2016

PROFIT & LOSS ACCOUNT
FOR YEAR ENDING 31/12/2016
LAST YEAR
RM

THIS YEAR
RM

SALES
INCOME

60281.98

100%

84681.22

22000

0%

25000

50281.98

100%

100681.22

1800
3.58%
0.2
0.00%
518.5
1.03%
0
0.00%
0
0.00%
3550
7.06%
968.5
0.93%
1193.6
2.37%
9000
3.33%
4500
1.87%
138
0.27%
6370.79
12.67%
5948.1
71.49%
500
0.99%
7912.92
15.74%
749.4
0.10%
398475.04 130.22%

1600
0
2204.2
2061.04
2554.85
9089
1419.2
812.9
9000
6500
138.2
3418.7
7283.8
500
7316.35
948
43451.32

COST OF GOODS SOLD

DIRECT COST
GROSS PROFIT/(LOSS)
EXPENSES
ACCOUNTING FEE
BANK CHARGES
DEPRECIATION OF ASSETS
HIRE PURCHASE INTEREST
INTERNET
INSURANCE
NEWSPAPER AND PERIODICAL
PRINTING AND STATIONERY
PAYROLL
MARKETING
RENT
SERVICE TAX
TELEPHONE CHARGES
TRAVELLING
TAX FEE
UTILITIES
SEWERAGE
NET PROFIT/(LOSS)

25183.06

30.22%

37229.9

RETAINED PROFIT/(LOSS) B/F

ADJUST TO RETAINED EARNINGS
RETAINED PROFIT/(LOSS) C/F

22207.9
0
27490.84

0.00%
0.00%
0.00%

12868
0
49009.9

100%

3.82%
96.18%

1.53%
0.00%
2.11%
1.97%
2.44%
8.68%
0.40%
0.78%
3.33%
2.49%
0.13%
3.27%
16.51%
0.48%
6.99%
0.05%
60.61%
35.57%
0.00%
0.00%
0.00%

COFFEE CONNECTION 2016

BALANCE SHEET AS AT 31 DECEMBER 2016

Note

PROPERTY AND EQUIPMENT

RENOVATION

3
4

CURRENT ASSETS
Non-trade receivable, deposit and prepayments
Inventories
Cash and bank balances

CURRENT LIABILITIES
Non-trade payables and accruals
Amount due to directors
Bank overdraft

NET CURRENT LIABILITIES

2015
RM

293,462
-

20,477
35,000
85,000
140,477

6
7

13,345
1,693
190,651
205,689
(65,212)
228,250

16
2016
RM

301,860
27,000

27,965
45,000
105,100
178,065

12,667
197,226
209,893
(31,828)
297,032

COFFEE CONNECTION 2016

CASH FLOWS AS AT 31 DECEMBER 2016
RM
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation
Adjustment for:
Depreciation of property, renovation and equipment
Gain on disposal
Interest on bank overdraft
Operating profit/loss before working capital changes
Changes in working capital:
Trade receivables
Non-trade receivables, deposit and prepayment
Amount due from Directors
Non-trade payables and accruals
Cash generated from/(used in) operations
Tax paid
Tax refunded
Interest paid on bank overdraft
Net cash (used in)/generated fromoperating activities
CASH FLOWS FROM INVESTING ACTIVITY
Purchase of property, plant and equipment
Net cash used in investing activity
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of hire purchase
Repayment of term loan
Net cash generated from/(used in) financing activities

27,490
15,577
11,609
4,676
31,862

22,347
12,484
811
678
72,858
(3,300)
(11,609)
57,949

(7,182)
(7,182)

RM
49,009
16,177
13,006
8,192
37,375

(10,448)
(23,865)
362,161
(11,471)
361,944
(3,300)
2,272
(13,006)
347,910

(3,974)
(3,974)

(136,635)
(174,342)
(310,977)