Power Tech Accounts 2018

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4 PROPERTY, PLANT & EQUIPMENT
OFFICE MOBILE FURNITURE & MOTOR EQUIPMENT & LEASED

AIR CONDITIONERS COMPUTERS TOTAL
EQUIPMENT SETS FIXTURES VEHICLES TOOLS VEHICLES
COST
As on July 1, 2017 866,938 555,678 - - - - 23,400 - 1,446,016
Additions during the year - - - - - - - - -
Transfer during the year - - - - - - - - -
Deletions during the year - - - - - - - - -
As on June 30, 2018 866,938 555,678 - - - - 23,400 - 1,446,016
DEPRECIATION
As on July 1, 2017 86,694 502,496 - - - - 4,680 - 593,870
Adjustments - - - - - - -
For the year additions 78,024 10,636 - - - - 3,744 - 92,405
For the year transfers - - - - - - - - -
Acc. Depreciation on deletions during the year
- - - - - - - - -
As on June 30, 2018 164,718 513,133 - - - - 8,424 - 686,275
Written down as at June 30, 2018 702,220 42,545 - - - - 14,976 - 759,741
Rate of Depreciation (%) 10 20 20 30 20 20 20 20

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COST
As on July 1, 2018 866,938 555,678 - - - - 23,400 - 1,446,016
Additions during the year - - - - - - - -
Transfer during the year - - - - - -
As on June 30, 2019 866,938 555,678 - - - - 23,400 - 1,446,016
DEPRECIATION
As on July 1, 2018 164,718 513,133 - - - - 8,424 - 686,275
Adjustments - - - - -
- - - - - - - - -
As on June 30, 2019 234,940 521,642 - - - - 11,419 - 768,001

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COST
As on July 1, 2019 866,938 555,678 - - - - 23,400 - 1,446,016
As on June 30, 2020 866,938 555,678 - - - - 23,400 - 1,446,016
DEPRECIATION
As on July 1, 2019 234,940 521,642 - - - - 11,419 - 768,001
Adjustments - - - - -
- - - - - - - - -
As on June 30, 2020 298,140 528,449 - - - - 13,815 - 840,404

M/s. POWERTECH
Tentative Ijarah Repayment Schedule
Facility Amount : 21,000,000
Amount to be Financed by the 21,000,000 Profit Rate : 8.15% Installments : 36
Bank: (6MK+2.0%)
Monthly Payable Rent : 659,518 Ijarah Tenor : 3 Years Advance Rentals @ : 0%
Sr # Principal Profit Rental Balance or Rs. -
1 Aug-17 516,893 142,625 659,518 20,483,107 Registration -
2 Sep-17 520,403 139,114 659,518 19,962,704 Takaful of 3 years -
3 Oct-17 523,938 135,580 659,518 19,438,766 -
4 Nov-17 527,496 132,022 659,518 18,911,270
5 Dec-17 531,079 128,439 659,518 18,380,191
6 Jan-18 534,686 124,832 659,518 17,845,505
7 Feb-18 538,317 121,201 659,518 17,307,188
8 Mar-18 541,973 117,545 659,518 16,765,215
9 Apr-18 545,654 113,864 659,518 16,219,561
10 May-18 549,360 110,158 659,518 15,670,201
11 Jun-18 553,091 106,427 659,518 15,117,110
1,371,806
12 Jul-18 556,847 102,670 659,518 14,560,263
13 Aug-18 560,629 98,888 659,518 13,999,633
14 Sep-18 564,437 95,081 659,518 13,435,196
15 Oct-18 568,270 91,247 659,518 12,866,926
16 Nov-18 572,130 87,388 659,518 12,294,796
17 Dec-18 576,016 83,502 659,518 11,718,781
18 Jan-19 579,928 79,590 659,518 11,138,853
19 Feb-19 583,866 75,651 659,518 10,554,986
20 Mar-19 587,832 71,686 659,518 9,967,154
21 Apr-19 591,824 67,694 659,518 9,375,330
22 May-19 595,844 63,674 659,518 8,779,487
23 Jun-19 599,890 59,627 659,518 8,179,596
976,700
24 Jul-19 603,965 55,553 659,518 7,575,631
25 Aug-19 608,067 51,451 659,518 6,967,565
26 Sep-19 612,196 47,321 659,518 6,355,368
27 Oct-19 616,354 43,164 659,518 5,739,014
28 Nov-19 620,540 38,977 659,518 5,118,474
29 Dec-19 624,755 34,763 659,518 4,493,719
30 Jan-20 628,998 30,520 659,518 3,864,721
31 Feb-20 633,270 26,248 659,518 3,231,451
32 Mar-20 637,571 21,947 659,518 2,593,880
33 Apr-20 641,901 17,617 659,518 1,951,979
34 May-20 646,261 13,257 659,518 1,305,719
35 Jun-20 650,650 8,868 659,518 655,069
389,686
36 Jul-20 655,069 4,449 659,518 (0)
21,000,000 5,480,833 23,742,641
M/s. POWERTECH
Tentative Ijarah Repayment Schedule
Facility Amount : 70,000,000
Amount to be Financed by the 70,000,000 Profit Rate : 9.45% Installments : 36
Bank: (6MK+2.0%)
Monthly Payable Rent : 2,240,671 Ijarah Tenor : 3 Years Advance Rentals @ : 30%
Sr # Principal Profit Rental Balance or Rs. 21,000,000
1 Aug-17 1,689,421 551,250 2,240,671 68,310,579 Registration 1,400,000
2 Sep-17 1,702,725 537,946 2,240,671 66,607,854 Takaful of 3 years 7,350,000
3 Oct-17 1,716,134 524,537 2,240,671 64,891,720 8,750,000
4 Nov-17 1,729,648 511,022 2,240,671 63,162,072
5 Dec-17 1,743,269 497,401 2,240,671 61,418,803
6 Jan-18 1,756,998 483,673 2,240,671 59,661,805
7 Feb-18 1,770,834 469,837 2,240,671 57,890,971
8 Mar-18 1,784,779 455,891 2,240,671 56,106,191
9 Apr-18 1,798,834 441,836 2,240,671 54,307,357
10 May-18 1,813,000 427,670 2,240,671 52,494,357
11 Jun-18 1,827,278 413,393 2,240,671 50,667,079
5,314,457
12 Jul-18 1,841,667 399,003 2,240,671 48,825,412
13 Aug-18 1,856,171 384,500 2,240,671 46,969,241
14 Sep-18 1,870,788 369,883 2,240,671 45,098,453
15 Oct-18 1,885,520 355,150 2,240,671 43,212,932
16 Nov-18 1,900,369 340,302 2,240,671 41,312,564
17 Dec-18 1,915,334 325,336 2,240,671 39,397,229
18 Jan-19 1,930,418 310,253 2,240,671 37,466,812
19 Feb-19 1,945,620 295,051 2,240,671 35,521,192
20 Mar-19 1,960,941 279,729 2,240,671 33,560,251
21 Apr-19 1,976,384 264,287 2,240,671 31,583,867
22 May-19 1,991,948 248,723 2,240,671 29,591,919
23 Jun-19 2,007,634 233,036 2,240,671 27,584,285
3,805,255
24 Jul-19 2,023,445 217,226 2,240,671 25,560,840
25 Aug-19 2,039,379 201,292 2,240,671 23,521,461
26 Sep-19 2,055,439 185,232 2,240,671 21,466,022
27 Oct-19 2,071,626 169,045 2,240,671 19,394,396
28 Nov-19 2,087,940 152,731 2,240,671 17,306,456
29 Dec-19 2,104,382 136,288 2,240,671 15,202,074
30 Jan-20 2,120,954 119,716 2,240,671 13,081,119
31 Feb-20 2,137,657 103,014 2,240,671 10,943,462
32 Mar-20 2,154,491 86,180 2,240,671 8,788,971
33 Apr-20 2,171,458 69,213 2,240,671 6,617,514
34 May-20 2,188,558 52,113 2,240,671 4,428,956
35 Jun-20 2,205,793 34,878 2,240,671 2,223,163
1,526,928
36 Jul-20 2,223,163 17,507 2,240,671 0
70,000,000 21,310,786 80,664,147
POWER TECH
BALANCE SHEET
AS AT JUNE 30, 2018
Notes 2018 2017
(PKR) (PKR)
Assets
Fixed Asset
Fixed Asset 1 17,635,290 852,146
Intengible Asset 1.1 1,197,005 1,095,508
18,832,296 1,947,654
Long-term Advances
Long-term Advances 2 46,639,164 25,975,417
Long-term Deposit 3 1,536,094 147,570
48,175,258 26,122,987
Current Asset
Cash & Bank 4 12,052,834 36,606,196
Advance Deposits & Prepayments 5 86,441,463 28,285,915
Accounts Receivable 148,473,177 78,383,657
Inventory 9 51,587,804 53,592,943
298,555,278 196,868,711
Total Asset 365,562,832 224,939,352
Capital & Liabilities
Equity
Share Capital 14,341,083 15,052,318
Retained Earnings 86,840,089 78,012,674
Reserve 13,136,738 15,049,395
114,317,910 108,114,387
Non Current Liabilites

Lease Liabilities 13,828,848 -
Current Liabilites
Accounts Payable 25,553,840 38,620,415
Loan & Advance 9 155,894,827 19,785,346
Accrued Expense 10 526,012 36,853,069
Bank Borrowings 53,436,255 21,566,136
235,410,934 116,824,965
Total Equity & Liabilities 363,557,692 224,939,352

POWER TECH
PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2018
2018 2017
Notes (PKR) (PKR)
Income 11 339,348,361 259,456,462
Cost of Sale 12 256,161,224 148,103,592
Gross Profit 83,187,137 111,352,870
Add: Other Income/(Loss) 13 (78,710) 4,083,161
Less: Operating Expnese 14 41,833,320 50,384,917
Less: Finance Cost 15 823,424 2,602,719
Net Profit before Taxation 40,451,683 62,448,395
Less: Current Taxation 624,484
Net Profit after Taxation 40,451,683 61,823,911
Retained Expense 129,715,563 67,891,652
Accumulated Profit C/F 170,167,245 129,715,563

POWER TECH
CASH FLOW STATEMENT
2018
(PKR)
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 40,451,683
Depreciation 4,247,105
Amortization 598,503
4,845,607
WORKING CAPITAL CHANGES 45,297,290
INCREASE/DECREASE IN CURRENT ASSETS

Trade debts (148,473,177)
Advance, Deposit & Prepayments (86,441,463)
Stock in trade (51,587,804)
Intangible Assets (1,095,508)
(287,597,952)
INCREASE/DECREASE IN CURRENT LIABILITIES
Trade & other payables 25,553,840
Loans & advances 155,894,827
Accrued Expense 526,012
181,974,679
NET WORKING CAPITAL CHANGES (105,623,273)
NET CASH GENERATED FROM OPERATING ACTIVITES (60,325,983)
CASH FLOW FROM INVESTING ACTIVITIES

Increase in Fixed Assets (21,882,395)
NET CASH FLOW FROM INVESTING ACTIVITIES (21,882,395)
CASH FLOW FROM FINANCING ACTIVITIES

Capital 14,341,083
General Reserve 13,136,738
Retained Earnings 85,092,991
Lease Liabilities 13,828,848
NET CASH FLOW FROM FINANCING ACTIVITIES 126,399,660
NET INCREASE/DECREASE IN CASH & CASH
EQUIVALENTS 44,191,283
CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR -
CASH & CASH EQUIVALENTS AT THE END OF THE YEAR 44,191,283
POWER TECH
NOTES TO THE ACCOUNTS
2018 2017
(PKR) (PKR)
2 Long-term Advances
Powertech SARL 21,238,388 3,574,641
Powertech Engineering Solution 25,400,776 22,400,776
46,639,164 25,975,417
3 Long-term Deposit
Security Deposit 1,272,524 64,000
Earnest Money 263,570 83,570
1,536,094 147,570
4 Cash & Bank

Cash 37,305 30,098
Bank 12,015,529 36,576,098
12,052,834 36,606,196
5 Advances and Deposits

Advance to Employee 2,735,548 3,991,313
Prepaid Expense 2,680,894 2,674,770
Advance to Relatead Parties 69,925,928 11,012,868
LC Margin 788,679 462,713
Sale Tax Refundable 1,296,261
WHT 252,787 10,144,251
WHT on Telephone 67,827 -
WHT on Electricity 119,915 -
WHT on Cash 533,937 -
WHT at Source 7,749,394 -
WHT on Exports 290,293 -
86,441,463 28,285,915
6 Owners Capital Account

Opening Balance (15,052,318) (15,052,318)
Unappropriated profit carried forward - -
(15,052,318) (15,052,318)
Capital Introduced during the year - -
Capital withdrawn 711,235 -
(14,341,083) (15,052,318)
7 Profit And Loss Account
Opening Balance (78,012,674) (67,891,652)
Less: Provision for Subsidiary Impairment (5,822,288) -
Add: Profit for the year (40,451,683) (61,823,911)
Add: Other comprehensive Income 14,046,555 -
Accumulated Profit/ (Loss) (110,240,089) (129,715,563)
Less: Drawings (23,400,000) (51,702,889)
Closing Balance (86,840,089) (78,012,674)
8 General Reserves
Opening Balance (15,049,395) (15,049,395)
Add: Transfer from profit and loss 3,266,704 -
Adjustments - -
Less: Withdrawl during the year (1,354,047) -
(13,136,738) (15,049,395)
9 Loan & Advances

Loan to Employee 37,380,168 -
Due to Related Parties 118,514,659 19,785,346
155,894,827 19,785,346
10 Accrued Expense
Accrued Expense 507,120 36,829,699
Income Tax Payable 18,892 23,370
Sale Tax Payable - -
526,012 36,853,069
11 Income
Income from Sale 315,865,290 78,529,203
Income from Commission 23,483,071 180,927,259
339,348,361 259,456,462
12 Cost of Sales and Services

Opening Stock 53,592,943 (19,855,475)
Purchases 254,156,085 181,841,060
307,749,028 201,696,535
Less: Closing Stock (51,587,804) (53,592,943)
256,161,224 148,103,592
Add: Transportation Cost - -
256,161,224 148,103,592
13 Other Income/(Loss)
Other Income 5,632 4,893,740
Exchange Gain/(Loss) (84,342) (810,579)
(78,710) 4,083,161
14 Administrative and Silling Expense

Salaries Expense 8,569,216 34,036,840
Incentive Expense 1,241,914
Fuel Expense 569,147 2,480,688
Consultancy Expense 689,044 821,280
Sampling Expense 159,068 268,060
Sale Promotion Expense 1,202,815 -
Research Expense 1,432,513 -
Office Expense 23,953 5,492
Stationary Expense 53,428 89,163
Office Rent 560,000 864,500
Consumable Expense 21,943 50,387
Entertainment Expense 201,791 674,272
Communicaton Expense 107,009 653,289
ELectricity Expense 119,041 52,253
Postage Expense 211,363 450,108
Medical Expense 408,200 65,974
Repair & Maintenance Expense 818,332 319,867
Travelling Expense 1,568,884 3,346,946
Insurance Expense 546,675 1,000
Miscellaneous Expense 470,591 969,200
Hotel Expense 378,965 1,510,837
Legal Expense 128,100 160,075
Umrah Expense 450,000 -
Provident Fund Exp 262,183 48,870
Commission Expense 16,793,538 -
Donations and Club Membership - 2,863,393
Depriciation 4,247,105 104,669
Amortization 598,503 547,754
41,833,320 50,384,917
15 Finance Cost
Lease Expense 512,382 2,487,525
Bank Charges 311,042 115,194
823,424 2,602,719
OFFICE EQUIPMENT MOBILE SETS EQUIPMENT & TOOLS LEASED VEHICLES
COST
As on July 1, 2017 866,938 555,678 23,400 -
Additions during the year 513,499 - - 20,513,870
Transfer during the year - - - -
Deletions during the year - - - -
As on June 30, 2018 1,380,437 555,678 23,400 20,513,870
DEPRECIATION
As on July 1, 2017 86,694 502,496 1,800 -
Adjustments - - -
For the year additions 129,374 10,636 4,320 4,102,774
As on June 30, 2018 216,068 513,132 6,120 4,102,774
Written down as at June 30, 2018 1,164,369 42,546 17,280 16,411,096
Written down as at June 30, 2017 780,244 53,182 21,600 -
Rate of Depreciation (%) 10 20 20 20
1.1 INTENGIBLE ASSET 2018 2017

COST 1,095,508 1,643,262
Addition 700,000 -
1,795,508 1,643,262
Less: Amortization 598,503 547,754
As on June 30, 2018 1,197,005 1,095,508
TOTAL
1,446,016
21,027,369
-
-
22,473,385
590,990
-
4,247,105
4,838,095
17,635,290
855,026
Main Account Name Opening balance Debit Credit Closing balance
Ledger accoName Column2 Opening balance Debit Credit Closing balance Column1
01-16-015 Other Income Other Income - - 5,632 (5,632) 1 01-16-015 Other Income - - 5,632 (5,632)
0.00 - 5,632 -5,632.00 Total - - 5,632 (5,632)
Account Head Acchnt haddd

Accounts Receivable Asset 148,473,177.00
Advance to Employee Asset 2,735,548.00
Advance to Relatead Parties Asset 69,925,928.00
Bank Asset 12,015,529.26
Cash Asset 37,305.00
Earnest Money Asset 263,570.00
Fixed Asset Asset 22,473,385.00
Intangible Assets Asset 2,343,262.00
LC Margin Asset 788,679.00
Less: Closing Stock Asset 51,587,804.00
Powertech Engineering Solution Asset 25,400,776.00
Powertech SARL Asset 21,238,388.00
Sale Tax Payable Asset 1,296,261.00
Security Deposit Asset 1,272,524.00
WHT Asset 252,787.00
WHT at Source Asset 7,749,394.00
WHT on Cash Asset 533,937.00
WHT on Electricity Asset 119,915.00
WHT on Exports Asset 290,293.00
WHT on Telephone Asset 67,827.00
Prepaid Expense Asset 2,680,894.00
Ledger acc Name Opening balance Debit Credit Closing balance
01-01-001 Cash in Hand Isb 0.00 2,031,010.00 2,000,912.00 30,098.00
01-02-001 Askari Bank ISB 127-032020156-5 0.00 68,768,961.00 68,683,245.00 85,716.00
01-02-002 Askari Bank KHI 32-010000520-2 0.00 32,076,514.00 32,070,803.00 5,711.00
01-02-003 Askari Bank KHI $ 32-050000064-6 0.00 750,177,367.00 714,510,743.00 35,666,624.00
01-02-004 Askari Bank KHI EURO 32-040540001-5 0.00 471,777.00 0.00 471,777.00
01-02-006 Standard Chartered Bank Isb 0.00 32,556.00 32,556.00 0.00
01-02-007 Dubai Islamic Bank ISB 002-0004718002 0.00 216.00 216.00 0.00
01-02-009 Meezan Bank ISB 0306-0101984335 0.00 4,048.00 0.00 4,048.00
01-02-010 Meezan Bank ISB 0324-0101999364 0.00 34,339,575.00 34,003,055.74 336,519.26
01-02-011 Meezan Bank ISB LC Margin 0.00 2,671,821.00 2,209,108.00 462,713.00
01-02-012 Emirates NBD AED 1015249945601 0.00 1,981,131.00 1,975,428.00 5,703.00
01-02-013 Payroll Processing 0.00 10,170,596.00 10,170,597.00 0.00
01-03-001 Accounts Receivables Corporate 0.00 96,416,714.00 87,817,379.00 8,599,335.00
01-03-002 Accounts Receivables International 0.00 154,894,091.00 86,160,791.00 68,733,300.00
01-03-003 Accounts Receivables General 0.00 1,225,625.00 174,603.00 1,051,022.00
01-04-001 Breakers 0.00 454,455.00 0.00 454,455.00
01-04-001- Chint Breakers 0.00 10,045,673.00 307,241.00 9,738,432.00
01-04-001- LSIS Breakers 0.00 632,162,694.00 611,294,656.00 20,868,038.00
01-04-002 Indoor Lights 0.00 9,834,703.00 9,834,703.00 0.00
01-04-002- BULB 0.00 2,396,244.00 2,396,243.00 1.00
01-04-003- Street Lights 0.00 249,373,183.00 249,373,186.00 -3.00
01-04-004 Stablizers 0.00 1,179,730.00 1,120,228.00 59,502.00
01-04-005 DC Power Systems 0.00 6,398,811.00 746,799.00 5,652,012.00
01-04-006 UPS 0.00 4,847,382.00 4,679,063.00 168,319.00
01-04-007 Batteries 0.00 231,480.00 0.00 231,480.00
01-04-008 Misc Inventory 0.00 16,422,109.00 1,402.00 16,420,707.00
01-04-500- Air Freight Charges 0.00 26,883,611.00 26,810,614.00 72,997.00
01-04-500- Custom Duty 0.00 7,535.00 7,535.00 0.00
01-04-500- Custom Clearance Charges 0.00 135,447.00 135,447.00 0.00
01-04-500- Regulatory Duty 0.00 471.00 471.00 0.00
01-04-500- W.H Income Tax 0.00 182,556.00 182,556.00 0.00
01-04-500- Bank Charges 0.00 1,228,357.00 1,228,397.00 -40.00
01-05-003 Prepaid Insurance 0.00 1,363,541.00 1,346,535.00 17,006.00
01-05-004 Prepaid Bank Charges 0.00 1,134,390.00 1,134,390.00 0.00
01-05-005 Prepaid LC Opening Charges 0.00 1,467,058.00 1,421,285.00 45,773.00
01-05-006 Prepaid LC Markup 0.00 19,905,978.00 19,555,652.00 350,326.00
01-05-007 Prepaid LC Retirement Charges 0.00 901,074.00 886,114.00 14,960.00
01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00

01-05-021 W.H Tax on Telephone Bills 0.00 67,827.00 0.00 67,827.00
01-05-022 W.H Tax on Electricity Bills 0.00 99,812.00 0.00 99,812.00
01-05-023 W.H Tax on Cash Withdrawls 0.00 454,888.00 0.00 454,888.00
01-05-024 W.H Tax at Source 0.00 6,442,685.00 0.00 6,442,685.00
01-05-026 W.H Tax on Exports 0.00 290,293.00 0.00 290,293.00
01-21-004 Tax Deduction By ECP Expense 0.00 733,994.00 123,153.00 610,841.00
01-05-102 ADV Ghulam Mustafa 0.00 6,002,064.00 6,002,064.00 0.00
01-05-104 ADV Obaid Tahir 0.00 1,271,270.00 1,269,970.00 1,300.00
01-05-402 ADV Faheem Ahmed Khan 0.00 3,860,013.00 0.00 3,860,013.00
01-05-404 ADV Naseem Ali Khan 0.00 130,000.00 0.00 130,000.00
01-05-501 Security Deposit Naseem Ali Khan 0.00 64,000.00 0.00 64,000.00
01-05-502 Security Deposit Earnest Money 0.00 83,570.00 0.00 83,570.00
01-06-003 Powertech SARL 0.00 59,043,561.00 39,111,970.00 19,931,591.00
01-06-004 Powertech Engineering Solution 0.00 25,400,776.00 3,000,000.00 22,400,776.00
01-06-005 Dynasty Hospitality Pvt Ltd 0.00 14,806.00 14,806.00 0.00
01-06-006 Powertech SARL Guinea 0.00 62,945,320.00 79,302,270.00 -16,356,950.00
01-06-008 Areebah Technologies General Trading LLC 0.00 3,726,249.00 0.00 3,726,249.00
01-06-009 Areebah Technologies Limited 0.00 16,067,302.00 9,414,468.00 6,652,834.00
01-06-010 Eastcompeace Technology 0.00 1,613,840.00 1,613,840.00 0.00
01-06-011 Powertech Congo 0.00 120,885.00 0.00 120,885.00
01-06-012 Powertech LLC 0.00 512,900.00 0.00 512,900.00

01-07-002 Office Equippment 0.00 2,109,176.00 1,242,238.00 866,938.00
01-07-003 Mobile Set 555,678.00 0.00 0.00 555,678.00
01-07-004 Kitchen Appliances 0.00 46,800.00 23,400.00 23,400.00
01-07-008 Intangible Assets 0.00 1,643,262.00 0.00 1,643,262.00
01-07-502 Acc Depreciation Office Equipment 0.00 0.00 86,694.00 -86,694.00
01-07-503 Acc Depreciation Mobile Set 0.00 0.00 502,496.00 -502,496.00
01-07-504 Acc Depreciation Kitchen Appliances 0.00 0.00 4,680.00 -4,680.00
01-07-008 Amortization 0.00 0.00 547,754.00 -547,754.00
01-08-001 Payable Muhammad Saqib 0.00 169,888.00 555,221.00 -385,333.00
01-08-002 Payable Usman Ali 0.00 99,478.00 117,394.00 -17,916.00
01-08-003 Payable Ghulam Rasool 0.00 120,878.00 132,878.00 -12,000.00
01-08-004 Payable Jackson Dean 0.00 0.00 91,031.00 -91,031.00
01-08-005 Payable Mustafa Madni 0.00 2,016,500.00 2,574,294.00 -557,794.00
01-08-006 Payable Obaid Tahir 0.00 245,954.00 295,754.00 -49,800.00
01-08-007 Payable Staff Islamabad 0.00 10,170,597.00 10,170,597.00 0.00
01-08-008 Payable Employee Old Age Benefit 0.00 800.00 1,300.00 -500.00
01-08-009 Payable Moin Ahmed Khan 0.00 347,300.00 547,301.00 -200,001.00
01-08-010 Payable Muhammad Faisal 0.00 252,082.00 1,327,124.00 -1,075,042.00
01-08-011 Payable Zeeshan 0.00 0.00 11,500.00 -11,500.00
01-08-012 Payable Hamza 0.00 0.00 11,500.00 -11,500.00
01-08-013 Payable Anas Sarwar 0.00 0.00 444,608.00 -444,608.00
01-08-101 Payable Aleem Ahmed Khan 0.00 824,455.00 824,455.00 0.00
01-08-102 Payable Faheem Ahmed Khan 0.00 10,041,169.00 11,167,353.00 -1,126,184.00
01-08-103 Payable Naseem Ali Khan 0.00 3,083,026.00 12,986,125.00 -9,903,099.00
01-08-104 Payable Rizwan Ali Khan 0.00 0.00 1,584,223.00 -1,584,223.00
01-08-201 Payable Meezan Bank Musawamah 0.00 153,851,241.60 175,417,377.23 -21,566,135.63
01-08-203 Payable Ralph Commission 0.00 0.00 35,102,660.00 -35,102,660.00
01-08-204 Payable PMCL Commission 0.00 0.00 953,972.00 -953,972.00
01-08-205 Payable Shalimar Filling Station 0.00 125,000.00 125,000.00 0.00
01-08-206 Payable Shell Pakistan 0.00 1,500.00 1,500.00 0.00
01-08-208 Payable Adamjee Co Ltd 0.00 0.00 100,696.00 -100,696.00
01-08-209 Payable Logistics World 0.00 1,625,216.00 1,174,539.00 450,677.00
01-08-210 Payable K & K Logistics 0.00 2,321,636.00 3,675,024.00 -1,353,388.00
01-08-211 Payable Xperts Logistics 0.00 50,489.00 0.00 50,489.00
01-08-214 Payable United Shippers 0.00 143,774,569.00 141,738,615.00 2,035,954.00
01-08-215 Payable Toyota Islamabad Motors 0.00 207,301.00 252,476.00 -45,175.00
01-08-216 Payable Suzuki Islamabad Motors 0.00 0.00 21,540.00 -21,540.00
01-08-217 Payable TCS 0.00 0.00 26,998.00 -26,998.00
01-08-218 Payable DHL 0.00 203,675.00 227,184.00 -23,509.03
01-08-220 Payable Bukhari Travels 0.00 0.00 129,431.00 -129,431.00
01-08-221 Payable Askari Travels & Tours 0.00 1,097,495.00 1,097,495.00 0.00
01-08-223 Payable Hotel Hill View 0.00 0.00 55,492.00 -55,492.00
01-08-224 Payable A.S Enterprises 0.00 258,899.00 259,799.00 -900.00
01-08-226 Payable Zakat 0.00 991,337.00 4,002,827.00 -3,011,490.00
01-08-227 Suspense Account 0.00 317,549,263.00 319,632,579.00 -2,083,316.00
01-08-228 Payable Welfare General 0.00 259,946.00 678,332.00 -418,386.00
01-08-229 Payable Provident Fund 0.00 0.00 41,840.00 -41,840.00
01-08-230 Payable Welfare Employees 0.00 105,546.00 418,387.00 -312,841.00
01-09-01 Accounts Payable Stock 0.00 231,254,289.23 269,906,419.00 -38,652,130.00
01-09-02 Accounts Payable Services 0.00 1,733,047.00 1,701,332.00 31,715.06
01-09-03 Accounts Payable Others 0.00 10,170,597.00 10,170,597.00 0.00
01-10-001 Payable Income Tax on Staff Salaries 0.00 0.00 23,370.00 -23,370.00
01-10-002 Payable Sales tax 0.00 10,877,114.00 8,699,209.00 2,177,905.00
01-11-007 Share Capital Masood Ali Khan 0.00 0.00 15,052,318.00 -15,052,318.00
01-11-101 General Reserves 0.00 0.00 15,049,395.00 -15,049,395.00
01-11-102 Retained Earnings 0.00 0.00 78,012,673.66 -78,012,673.66
0.00
POWER TECH
1 NATURE OF BUSINESS
The Powertech is a sole proprietorship concern. The principal activities of the Proprietorship is trading & supplies of
Telecommunication items (including scratch cards) and to provide services of telecommunication equipments,
machinery, telecom towers, scratch cards etc.

2 SIGNIFICANT ACCOUNTING POLICIES
2.1 ACCOUNTING CONVENTION
These financial statements have been prepared in accordance with the applicable International Accounting Standards.
2.2 The preparation of financial statements in conformity with approved accounting standards requires management to
make judgements, estimates and assumptions that affect the application of policies and reported amount of assets and
liabilities, income and expenses. The estimates and assosiated assumptions are based on historical experience, industry
trends, legal and technical pronouncements and various other factors that are believed to be reasonable under the
circumstances, the result of which form the basis of making the judgements about carrying values of assets and
liabilities that are not readily apparent from other sources. Actual results may differ from these assosiates.
2.3 TAXATION
CURRENT
Provision for current taxation is based on taxable income for the year determined in accordance with the prevailing
law for taxation under presumptive tax regime. The charge for current tax is calculated using prevailing tax rates.
2.4 TRADE & OTHER PAYABLES

Liabilities for trade and other payable are carried at cost which is the fair value of the cosideration to be paid in the
future for goods and services received.
2.5 PROVISIONS
A provision is recognised in the balance sheet when the entity has a legal or constructive obligation as a result of a
past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of the obligation.
2.6 PROPERTY, PLANT & EQUIPMENT

OWNED:
These are stated at cost less accumulated depreciation. Depreciation is charged to income applying the reducing
balance method at the rates specified in NOTE 4 whereby cost of an asset is written off over its estimated useful life.
On additions depreciation is charged on monthly basis upto disposal of asset.

2.7 INVESTMENTS
Long term investments in foreign subsidiary concern is stated at cost and the carrying amount is adjusted for
impairment, (if any), in the recoverable amounts of such investments.
2.8 STOCK IN TRADE

Stock in trade is treated at the lower of cost or net realiseable value. The cost of stocks are determined on weighted
average basis. Stock in transit is stated at cost.
Net realisable value signifies the estimated selling price in the ordinary course of the business less cost necessary to be
incurred to make the sale.
2.9 TRADE & OTHER RECEIVABLES

Trade and other receivables are carried at origional invoice amount. Debts considered irrecoverable are written off and
provision is made against those cosidered doubtful of recovery.
2.10 REVENUE RECOGNITION

Sales is recognized on dispatch of goods to customers.
Service income is recognized on accrual basis and
percentage of completion method for the services provided to the customer.
Exports indenting commission have been recognized on confirmation from the principle and its actual collection in the
period. The relative commission cost has also been recorded in the year in which it accrued.
2017 2016
RUPEES RUPEES
3 OWNERS CAPITAL ACCOUNT
Opening Balance 15,052,318 29,845,265
15,052,318 29,845,265
Capital Introduced during the year - 22,768,649
Capital withdrawn - (37,561,596)
15,052,318 15,052,318
3.1 PROFIT AND LOSS ACCOUNT

Opening Balance 67,891,652 59,426,420
Less: Provision for Subsidiary Impairment - -
Add: Profit for the year 61,823,911 36,365,232
Add: Other comprehensive Income - -
Accumulated Profit/ (Loss) 129,715,563 95,791,652
Less: Drawings (51,702,889) (27,900,000)

Closing Balance 78,012,674 67,891,652
3.2 GENERAL RESERVES

Opening Balance 15,049,395 15,049,395
Add: Transfer from profit and loss - -
Adjustments - -
Less: Withdrawl during the year - -
15,049,395 15,049,395
TOTAL 108,114,387 97,993,365
2017 2016
RUPEES RUPEES
6 TRADE & OTHER PAYABLES
Creditor 38,620,415 3,345,435
Due to related parties 19,785,346 8,748,851
Staff Salaries Payable 773,067 -
Tax Payable 23,370 15,095
Rent Payable - 6,235,554
Commission Payables 36,056,632 30,804,127
95,258,830 49,149,061
7 LONG TERM ADVANCES

Group Co Advances 25,975,417 32,038,873
Others - -
25,975,417 32,038,873
8 LONG TERM DEPOSITS

Rent Deposits 64,000 64,000
147,570 127,570
9 STOCK IN TRADE - FINISHED GOODS

Finished Goods 53,592,943 19,855,475
53,592,943 19,855,475
10 TRADE DEBTS - UNSECURED CONSIDERED GOODS

Considered Good 78,383,657 61,752,967
78,383,657 61,752,967
11
LOANS, ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES
Advance to employees 3,991,313 1,166,443
Advance Income Tax/Sales Tax 10,144,251 5,653,401
Trade deposits 2,674,770 -
LC Margin 462,713 45,413
Advance to related parties 11,012,868 1,418,179
28,285,915 8,283,436
12 CASH AND BANK BALANCES

Cash at bank
Foreign Currency 36,144,104 14,629,577
Local Currency 431,994 2,290,446
36,576,098 16,920,023
Cash in hand 30,098 249,972
36,606,196 17,169,995
13 SALES AND SERVICES
Income from sale of telecommunication items 78,529,203 36,137,329
Service Income & exports, Commissioning etc. 180,927,259 202,944,607
259,456,462 239,081,936
14 COST OF SALES AND SERVICES

Opening Stock 19,855,475 32,732,584
Purchases 181,841,060 145,386,367
201,696,535 178,118,951
148,103,592 158,263,476
148,103,592 158,263,476
15 ADMINISTRATIVE & SELLING EXPENSES

Salaries, Wages, Benefits & Welfare 34,036,840 8,782,388
Rent Expenses 864,500 1,825,000
Communications 653,289 640,458
Utilities 52,253 481,475
Consultancy Expense 821,280 -
Stationery & Supplies 89,163 257,135
Repair & maintinance: office equipment 24,900 76,348
Repair & maintinance: office 17,500 19,721
Vehicle registration & Lease, repair and maintinance 277,467 612,190
Office Sports Expense 4,520 -
Postage & Courier charges 450,108 170,392
Vehicle fuel and conveyance 2,480,688 1,773,575
Entertainment 674,272 890,531
Insurance 1,000 942,500
Sale Promotion Expense - 2,206,777
Sampling, labour/tender expenses 268,060 437,450
Legal and professsional fees 160,075 406,995
Provident Fund Expense 48,870 -
Depreciation 4 104,669 2,075,438
Amortization 4.1 547,754 -
Medical Expenses 65,974 79,030
Miscellaneous expenses 969,200 4,087,186
Hotel Accomodation 1,510,837 1,242,635
Consumable Items 50,387 -
Newspaper Expense 972 -
Commission Expense - 22,386,493
Donationss and club memberships 2,863,393 50,000
50,384,917 53,281,649
16 FINANCE COST
Financial Charges 2,487,525 -
Bank charges 115,194 84,521
2,602,719 84,521
17 OTHER INCOME
Other Income 4,893,740 10,549,523
Exchange Gain/ Loss (810,579) 112,238
4,083,161 10,661,761
18 GENERAL
19 NO OF EMPLOYEES
The average no of permanent employees during the year were 30
20 Figures have been rounded off to nearest rupees.
21 These financial statements have been prepared by the proprietor and authorised for issue on _________
POWER TECH
OFFICE MOBILE AIR FURNITURE & MOTOR EQUIPMENT & LEASED

COMPUTERS TOTAL
EQUIPMENT SETS CONDITIONERS FIXTURES VEHICLES TOOLS VEHICLES
COST
As on July 1, 2016 - 555,678 256,132 4,028,051 - 9,475,979 - 12,515,627 26,831,467
Additions during the year 866,938 - - - - - 23,400 890,338
Deletions during the year - - (256,132) (4,028,051) - (9,475,979) - (12,515,627) (26,275,789)
As on June 30, 2017 866,938 555,678 - - - - 23,400 - 1,446,016
DEPRECIATION
As on July 1, 2016 - 489,201 200,337 3,485,356 - 5,952,299 - 8,790,162 18,917,355
Adjustments - (200,337) (3,485,356) (5,952,299) - (8,790,162) (18,428,154)
For the year additions 86,694 13,295.40 - - - - 4,680 - 104,669
As on June 30, 2017 86,694 502,496 - - - - 4,680 - 593,870
Written down as at June 30, 2016 - 66,477 55,795 542,695 - 3,523,680 - 3,725,465 7,914,112

POWER TECH
BALANCE SHEET
AS AT JUNE 30, 2017
2017 2016
NOTES RUPEES RUPEES
EQUITY & LIABILITIES

OWNERS CAPITAL & RESERVES
Owners Capital Account 3 108,114,387 97,993,365
CURRENT LIABILITIES
Bank Borrowings - Murabaha 21,566,136 -
Trade & other payables 6 95,258,830 49,149,061
116,824,965 49,149,061
TOTAL EQUITY & LIABILITIES 224,939,352 147,142,427
ASSETS
NON CURRENT ASSETS
PROPERTY, PLANT & EQUIPMENT
Fixed Assets 4 852,146 7,914,112
Intengible Asset 4.1 1,095,508 -
1,947,654 7,914,112
Long Term Advances 7 25,975,417 32,038,873

Long Term Deposits 8 147,570 127,570
26,122,987 32,166,443
TOTAL NON CURRENT ASSETS 28,070,641 40,080,555
CURRENT ASSETS
Stock in Trade - Finished goods 9 53,592,943 19,855,475
Trade Debtros 10 78,383,657 61,752,967
Advances, deposits, prepayments and other receivables 11 28,285,915 8,283,436

Cash and bank balances 12 36,606,196 17,169,995
196,868,711 107,061,872
TOTAL ASSETS 224,939,352 147,142,427

The annexed nots form an integral part of these financial statements. Auditor's report is annexed hereto.
_______
Auditor Management
POWER TECH
2017 2016
NOTES RUPEES RUPEES
Sales & services 13 259,456,462 239,081,936

Less: Cost of Sales & services 14 148,103,592 158,263,476
Gross Profit 111,352,870 80,818,460
Less: Administrative & selling expenses 15 50,384,917 53,281,649

Less: Financial Cost 16 2,602,719 84,521
52,987,636 53,366,169
Add: Other Income 17 4,083,161 11,303,761
Proift before taxation 62,448,395 38,756,051

Less: Current Taxation 624,484 2,390,819
PROFIT AFTER TAXATION. 61,823,911 36,365,232
_______
Auditor Management
POWER TECH
CASH FLOW STATEMENT
2017 2016
RUPEES RUPEES
Profit before taxation 62,448,395 38,756,051
Adjustment for non cash & other items:
Depreciation 104,669 2,075,438
Amortization 547,754 -
Financial Charges - 84,521
652,423 2,159,959
CASH GENERATED FROM OPERATING ACTIVITIES

BEFORE WORKING CAPITAL CHANGES 63,100,818 40,916,010
Stock in trade (33,737,468) 12,877,109
Intangible Assets (1,643,262) -
Trade debts (16,630,690) (22,327,779)
Loans & advances (20,002,479) 14,124,147
(72,013,900) 4,673,476

Trade & other payables 46,109,768 (10,526,532)
NET WORKING CAPITAL CHANGES (25,904,132) (5,853,055)
Income tax paid (624,484) (2,390,819)
NET CASH GENERATED FROM OPERATING ACTIVITES 36,572,202 32,672,135

Fixed Capital Expenditure (890,338) -
Capital work in Progress - -
Disposal during the year 7,847,635 573,659
Long Term Deposits (20,000) -
Increase in long term Investments 6,063,456 -
NET CASH FLOW FROM INVESTING ACTIVITIES 13,000,753 573,659

Capital introduced/Withdrawls (Net) (51,702,889) (42,692,947)
Bank Borrowings 21,566,136 -
Long Term Advances - 5,325,649
Financial Charges Paid - (84,521)
NET CASH FLOW FROM FINANCING ACTIVITIES (30,136,753) (37,451,818)
NET INCREASE/DECREASE IN CASH & CASH
EQUIVALENTS 19,436,203 (4,206,025)
CASH & CASH EQUIVALENTS AT THE BEGINNING OF THE

YEAR 17,169,992 21,376,017
CASH & CASH EQUIVALENTS AT THE END OF THE YEAR 36,606,195 17,169,992
_______
Auditor Management
Ledger acc Name Opening balance Debit Credit Closing balance Remarks Column1 Ledger account Name Opening balance Debit Credit Closing balance Column1
01-01-001 Cash in Hand Isb 0.00 2,031,010.00 2,000,912.00 30,098.00 1 01-01-001 Cash in Hand Isb 0.00 2,031,010.00 2,000,912.00 30,098.00
01-02-001 Askari Bank ISB 127-032020156-5 0.00 68,768,961.00 68,683,245.00 85,716.00 1 01-02-001 Askari Bank ISB 127-032020156-5 0.00 68,768,961.00 68,683,245.00 85,716.00
01-02-002 Askari Bank KHI 32-010000520-2 0.00 32,076,514.00 32,070,803.00 5,711.00 1 01-02-002 Askari Bank KHI 32-010000520-2 0.00 32,076,514.00 32,070,803.00 5,711.00
01-02-003 Askari Bank KHI $ 32-050000064-6 0.00 750,177,367.00 714,510,743.00 35,666,624.00 1 01-02-003 Askari Bank KHI $ 32-050000064-6 0.00 750,177,367.00 714,510,743.00 35,666,624.00
01-02-004 Askari Bank KHI EURO 32-040540001-5 0.00 471,777.00 0.00 471,777.00 1 01-02-004 Askari Bank KHI EURO 32-040540001-5 0.00 471,777.00 0.00 471,777.00
01-02-006 Standard Chartered Bank Isb 0.00 32,556.00 32,556.00 0.00 1 01-02-006 Standard Chartered Bank Isb 0.00 32,556.00 32,556.00 0.00
01-02-007 Dubai Islamic Bank ISB 002-0004718002 0.00 216.00 216.00 0.00 1 01-02-007 Dubai Islamic Bank ISB 002-0004718002 0.00 216.00 216.00 0.00
01-02-008 Dubai Islamic Bank ISB 002-0004718005 0.00 190.00 190.00 0.00 1 01-02-008 Dubai Islamic Bank ISB 002-0004718005 0.00 190.00 190.00 0.00
01-02-009 Meezan Bank ISB 0306-0101984335 0.00 4,048.00 0.00 4,048.00 1 01-02-009 Meezan Bank ISB 0306-0101984335 0.00 4,048.00 0.00 4,048.00
01-02-010 Meezan Bank ISB 0324-0101999364 0.00 34,339,575.00 34,003,055.74 336,519.26 1 01-02-010 Meezan Bank ISB 0324-0101999364 0.00 34,339,575.00 34,003,055.74 336,519.26
01-02-011 Meezan Bank ISB LC Margin 0.00 2,671,821.00 2,209,108.00 462,713.00 Breakup on LC Margin Sheet 1 01-02-011 Meezan Bank ISB LC Margin 0.00 2,671,821.00 2,209,108.00 462,713.00
01-02-012 Emirates NBD AED 1015249945601 0.00 1,981,131.00 1,975,428.00 5,703.00 1 01-02-012 Emirates NBD AED 1015249945601 0.00 1,981,131.00 1,975,428.00 5,703.00
01-02-013 Payroll Processing 0.00 10,170,596.00 10,170,597.00 -1.00 1 01-02-013 Payroll Processing 0.00 10,170,596.00 10,170,597.00 -1.00
01-03-001 Accounts Receivables Corporate 0.00 96,416,714.00 87,817,379.00 8,599,335.00 Breakup on Receivable Sheet 1 01-03-001 Accounts Receivables Corporate 0.00 96,416,714.00 87,817,379.00 8,599,335.00
01-03-002 Accounts Receivables International 0.00 154,894,091.00 86,160,791.00 68,733,300.00 Breakup on Receivable Sheet 1 01-03-002 Accounts Receivables International 0.00 154,894,091.00 86,160,791.00 68,733,300.00
01-03-003 Accounts Receivables General 0.00 1,225,625.00 174,603.00 1,051,022.00 Breakup on Receivable Sheet 1 01-03-003 Accounts Receivables General 0.00 1,225,625.00 174,603.00 1,051,022.00
01-04-001 Breakers 0.00 454,455.00 0.00 454,455.00 1 01-04-001 Breakers 0.00 454,455.00 0.00 454,455.00
01-04-001-Chint Breakers 0.00 10,045,673.00 307,241.00 9,738,432.00 1 01-04-001-1 Chint Breakers 0.00 10,045,673.00 307,241.00 9,738,432.00
01-04-001-LSIS Breakers 0.00 632,162,694.00 611,294,656.00 20,868,038.00 1 01-04-001-2 LSIS Breakers 0.00 632,162,694.00 611,294,656.00 20,868,038.00
01-04-002 Indoor Lights 0.00 9,834,703.00 9,834,703.00 0.00 1 01-04-002 Indoor Lights 0.00 9,834,703.00 9,834,703.00 0.00
01-04-002-BULB 0.00 2,396,244.00 2,396,243.00 1.00 1 01-04-002-1 BULB 0.00 2,396,244.00 2,396,243.00 1.00
01-04-003-Street Lights 0.00 249,373,183.00 249,373,186.00 -3.00 1 01-04-003-2 Street Lights 0.00 249,373,183.00 249,373,186.00 -3.00
01-04-004 Stablizers 0.00 1,179,730.00 1,120,228.00 59,502.00 1 01-04-004 Stablizers 0.00 1,179,730.00 1,120,228.00 59,502.00
01-04-005 DC Power Systems 0.00 6,398,811.00 746,799.00 5,652,012.00 1 01-04-005 DC Power Systems 0.00 6,398,811.00 746,799.00 5,652,012.00
01-04-006 UPS 0.00 4,847,382.00 4,679,063.00 168,319.00 1 01-04-006 UPS 0.00 4,847,382.00 4,679,063.00 168,319.00
01-04-007 Batteries 0.00 231,480.00 0.00 231,480.00 1 01-04-007 Batteries 0.00 231,480.00 0.00 231,480.00
01-04-008 Misc Inventory 0.00 16,422,109.00 1,402.00 16,420,707.00 1 01-04-008 Misc Inventory 0.00 16,422,109.00 1,402.00 16,420,707.00
01-04-500-Air Freight Charges 0.00 26,883,611.00 26,810,614.00 72,997.00 1 01-04-500-1 Air Freight Charges 0.00 26,883,611.00 26,810,614.00 72,997.00
01-04-500-Custom Duty 0.00 7,535.00 7,535.00 0.00 1 01-04-500-3 Custom Duty 0.00 7,535.00 7,535.00 0.00
01-04-500-Custom Clearance Charges 0.00 135,447.00 135,447.00 0.00 1 01-04-500-4 Custom Clearance Charges 0.00 135,447.00 135,447.00 0.00
01-04-500-Regulatory Duty 0.00 471.00 471.00 0.00 1 01-04-500-5 Regulatory Duty 0.00 471.00 471.00 0.00
01-04-500-W.H Income Tax 0.00 182,556.00 182,556.00 0.00 1 01-04-500-6 W.H Income Tax 0.00 182,556.00 182,556.00 0.00
01-04-500-Bank Charges 0.00 1,228,357.00 1,228,397.00 -40.00 1 01-04-500-7 Bank Charges 0.00 1,228,357.00 1,228,397.00 -40.00
01-05-003 Prepaid Insurance 0.00 1,363,541.00 1,346,535.00 17,006.00 1 01-05-003 Prepaid Insurance 0.00 1,363,541.00 1,346,535.00 17,006.00
01-05-004 Prepaid Bank Charges 0.00 1,134,390.00 1,134,390.00 0.00 1 01-05-004 Prepaid Bank Charges 0.00 1,134,390.00 1,134,390.00 0.00
01-05-005 Prepaid LC Opening Charges 0.00 1,467,058.00 1,421,285.00 45,773.00 1 01-05-005 Prepaid LC Opening Charges 0.00 1,467,058.00 1,421,285.00 45,773.00
01-05-006 Prepaid LC Markup 0.00 19,905,978.00 19,555,652.00 350,326.00 1 01-05-006 Prepaid LC Markup 0.00 19,905,978.00 19,555,652.00 350,326.00
01-05-007 Prepaid LC Retirement Charges 0.00 901,074.00 886,114.00 14,960.00 1 01-05-007 Prepaid LC Retirement Charges 0.00 901,074.00 886,114.00 14,960.00
972,560 against Wellmax 2 GRN-008

01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00 673,553 against Lishu 2 1 01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00
01-05-021 W.H Tax on Telephone Bills 0.00 67,827.00 0.00 67,827.00 1 01-05-021 W.H Tax on Telephone Bills 0.00 67,827.00 0.00 67,827.00
01-05-022 W.H Tax on Electricity Bills 0.00 99,812.00 0.00 99,812.00 1 01-05-022 W.H Tax on Electricity Bills 0.00 99,812.00 0.00 99,812.00
01-05-023 W.H Tax on Cash Withdrawls 0.00 454,888.00 0.00 454,888.00 1 01-05-023 W.H Tax on Cash Withdrawls 0.00 454,888.00 0.00 454,888.00
01-05-024 W.H Tax at Source 0.00 6,442,685.00 0.00 6,442,685.00 1 01-05-024 W.H Tax at Source 0.00 6,442,685.00 0.00 6,442,685.00
01-05-026 W.H Tax on Exports 0.00 290,293.00 0.00 290,293.00 1 01-05-026 W.H Tax on Exports 0.00 290,293.00 0.00 290,293.00
01-05-102 ADV Ghulam Mustafa 0.00 6,002,064.00 6,002,064.00 0.00 1 01-05-102 ADV Ghulam Mustafa 0.00 6,002,064.00 6,002,064.00 0.00
01-05-104 ADV Obaid Tahir 0.00 1,271,270.00 1,269,970.00 1,300.00 1 01-05-104 ADV Obaid Tahir 0.00 1,271,270.00 1,269,970.00 1,300.00
01-05-402 ADV Faheem Ahmed Khan 0.00 3,860,013.00 0.00 3,860,013.00 Paid against DV-022 Orix payment 1 01-05-402 ADV Faheem Ahmed Khan 0.00 3,860,013.00 0.00 3,860,013.00
01-05-404 ADV Naseem Ali Khan 0.00 130,000.00 0.00 130,000.00 Aleem Sb Hajj Balance 1 01-05-404 ADV Naseem Ali Khan 0.00 130,000.00 0.00 130,000.00
01-05-501 Security Deposit Naseem Ali Khan 0.00 64,000.00 0.00 64,000.00 1 01-05-501 Security Deposit Naseem Ali Khan 0.00 64,000.00 0.00 64,000.00
01-05-502 Security Deposit Earnest Money 0.00 83,570.00 0.00 83,570.00 1 01-05-502 Security Deposit Earnest Money 0.00 83,570.00 0.00 83,570.00
01-06-003 Powertech SARL 0.00 59,043,561.00 39,111,970.00 19,931,591.00 1 01-06-003 Powertech SARL 0.00 59,043,561.00 39,111,970.00 19,931,591.00
01-06-004 Powertech Engineering Solution 0.00 25,400,776.00 3,000,000.00 22,400,776.00 1 01-06-004 Powertech Engineering Solution 0.00 25,400,776.00 3,000,000.00 22,400,776.00
01-06-005 Dynasty Hospitality Pvt Ltd 0.00 14,806.00 14,806.00 0.00 1 01-06-005 Dynasty Hospitality Pvt Ltd 0.00 14,806.00 14,806.00 0.00
01-06-006 Powertech SARL Guinea 0.00 62,945,320.00 79,302,270.00 -16,356,950.00 1 01-06-006 Powertech SARL Guinea 0.00 62,945,320.00 79,302,270.00 -16,356,950.00
01-06-008 Areebah Technologies General Trading LLC 0.00 3,726,249.00 0.00 3,726,249.00 1 01-06-008 Areebah Technologies General Trading LLC 0.00 3,726,249.00 0.00 3,726,249.00
01-06-009 Areebah Technologies Limited 0.00 16,067,302.00 9,414,468.00 6,652,834.00 1 01-06-009 Areebah Technologies Limited 0.00 16,067,302.00 9,414,468.00 6,652,834.00
01-06-010 Eastcompeace Technology 0.00 1,613,840.00 1,613,840.00 0.00 1 01-06-010 Eastcompeace Technology 0.00 1,613,840.00 1,613,840.00 0.00
01-06-011 Powertech Congo 0.00 120,885.00 0.00 120,885.00 1 01-06-011 Powertech Congo 0.00 120,885.00 0.00 120,885.00
01-06-012 Powertech LLC 0.00 512,900.00 0.00 512,900.00 1 01-06-012 POWERTECH LLC 0.00 512,900.00 0.00 512,900.00
01-07-002 Office Equippment 0.00 2,109,176.00 1,242,238.00 866,938.00 1 01-07-002 Office Equippment 0.00 2,109,176.00 1,242,238.00 866,938.00
Coffee Machine = 19,500
01-07-004 Kitchen Appliances 0.00 46,800.00 23,400.00 23,400.00 LPG Cylinder = 3,900 1 01-07-004 Kitchen Appliances 0.00 46,800.00 23,400.00 23,400.00
AX difference value paid by powertech /
01-07-008 Intangible Assets 0.00 1,643,262.00 0.00 1,643,262.00 255800 user purchased 1 01-07-008 Intangible Assets 0.00 1,643,262.00 0.00 1,643,262.00
01-07-502 Acc Depreciation Office Equipment 0.00 168,190.00 281,987.00 -113,797.00 1 01-07-502 Acc Depreciation Office Equipment 0.00 168,190.00 281,987.00 -113,797.00
01-07-503 Acc Depreciation Tools & Spares 0.00 596,956.00 596,956.00 0.00 1 01-07-503 Acc Depreciation Tools & Spares 0.00 596,956.00 596,956.00 0.00
01-07-504 Acc Depreciation Kitchen Appliances 0.00 0.00 6,486.00 -6,486.00 1 01-07-504 Acc Depreciation Kitchen Appliances 0.00 0.00 6,486.00 -6,486.00
01-08-001 Payable Muhammad Saqib 0.00 169,888.00 555,221.00 -385,333.00 Medical 1 01-08-001 Payable Muhammad Saqib 0.00 169,888.00 555,221.00 -385,333.00
01-08-002 Payable Usman Ali 0.00 99,478.00 117,394.00 -17,916.00 Medical + Encashment 1 01-08-002 Payable Usman Ali 0.00 99,478.00 117,394.00 -17,916.00
01-08-003 Payable Ghulam Rasool 0.00 120,878.00 132,878.00 -12,000.00 Medical 1 01-08-003 Payable Ghulam Rasool 0.00 120,878.00 132,878.00 -12,000.00
01-08-004 Payable Jackson Dean 0.00 0.00 91,031.00 -91,031.00 1 01-08-004 Payable Jackson Dean 0.00 0.00 91,031.00 -91,031.00
01-08-005 Payable Mustafa Madni 0.00 2,016,500.00 2,574,294.00 -557,794.00 Loan for Bonus payment 1 01-08-005 Payable Mustafa Madni 0.00 2,016,500.00 2,574,294.00 -557,794.00
01-08-006 Payable Obaid Tahir 0.00 245,954.00 295,754.00 -49,800.00 Medical + Encashment 1 01-08-006 Payable Obaid Tahir 0.00 245,954.00 295,754.00 -49,800.00
01-08-007 Payable Staff Islamabad 0.00 10,170,597.00 10,170,597.00 0.00 1 01-08-007 Payable Staff Islamabad 0.00 10,170,597.00 10,170,597.00 0.00
01-08-008 Payable Employee Old Age Benefit 0.00 800.00 1,300.00 -500.00 1 01-08-008 Payable Employee Old Age Benefit 0.00 800.00 1,300.00 -500.00
01-08-009 Payable Moin Ahmed Khan 0.00 347,300.00 547,301.00 -200,001.00 1 01-08-009 Payable Moin Ahmed Khan 0.00 347,300.00 547,301.00 -200,001.00
01-08-010 Payable Muhammad Faisal 0.00 252,082.00 1,327,124.00 -1,075,042.00 Bonus 1 01-08-010 Payable Muhammad Faisal 0.00 252,082.00 1,327,124.00 -1,075,042.00
01-08-011 Payable Zeeshan 0.00 0.00 11,500.00 -11,500.00 Medical 1 01-08-011 Payable Zeeshan 0.00 0.00 11,500.00 -11,500.00
01-08-012 Payable Hamza 0.00 0.00 11,500.00 -11,500.00 Medical 1 01-08-012 Payable Hamza 0.00 0.00 11,500.00 -11,500.00
01-08-013 Payable Anas Sarwar 0.00 0.00 444,608.00 -444,608.00 1 01-08-013 Payable Anas Sarwar 0.00 0.00 444,608.00 -444,608.00
01-08-101 Payable Aleem Ahmed Khan 0.00 824,455.00 824,455.00 0.00 1 01-08-101 Payable Aleem Ahmed Khan 0.00 824,455.00 824,455.00 0.00
01-08-102 Payable Faheem Ahmed Khan 0.00 10,041,169.00 11,167,353.00 -1,126,184.00 1 01-08-102 Payable Faheem Ahmed Khan 0.00 10,041,169.00 11,167,353.00 -1,126,184.00
01-08-103 Payable Naseem Ali Khan 0.00 3,083,026.00 12,986,125.00 -9,903,099.00 1 01-08-103 Payable Naseem Ali Khan 0.00 3,083,026.00 12,986,125.00 -9,903,099.00
01-08-104 Payable Rizwan Ali Khan 0.00 0.00 1,584,223.00 -1,584,223.00 1 01-08-104 Payable Rizwan Ali Khan 0.00 0.00 1,584,223.00 -1,584,223.00
01-08-201 Payable Meezan Bank Musawamah 0.00 153,851,241.60 175,417,377.23 -21,566,135.63 1 01-08-201 Payable Meezan Bank Musawamah 0.00 153,851,241.60 175,417,377.23 -21,566,135.63
01-08-203 Payable Ralph Commission 0.00 0.00 35,102,660.00 -35,102,660.00 1 01-08-203 Payable Ralph Commission 0.00 0.00 35,102,660.00 -35,102,660.00
01-08-204 Payable PMCL Commission 0.00 0.00 953,972.00 -953,972.00 Taimoor Commission 1 01-08-204 Payable PMCL Commission 0.00 0.00 953,972.00 -953,972.00
01-08-205 Payable Shalimar Filling Station 0.00 125,000.00 125,000.00 0.00 1 01-08-205 Payable Shalimar Filling Station 0.00 125,000.00 125,000.00 0.00
01-08-206 Payable Shell Pakistan 0.00 1,500.00 1,500.00 0.00 1 01-08-206 Payable Shell Pakistan 0.00 1,500.00 1,500.00 0.00
01-08-208 Payable Adamjee Co Ltd 0.00 0.00 100,696.00 -100,696.00 1 01-08-208 Payable Adamjee Co Ltd 0.00 0.00 100,696.00 -100,696.00
01-08-209 Payable Logistics World 0.00 1,625,216.00 1,174,539.00 450,677.00 Breakup on Logistic World Sheet 1 01-08-209 Payable Logistics World 0.00 1,625,216.00 1,174,539.00 450,677.00
01-08-210 Payable K & K Logistics 0.00 2,321,636.00 3,675,024.00 -1,353,388.00 1 01-08-210 Payable K & K Logistics 0.00 2,321,636.00 3,675,024.00 -1,353,388.00
01-08-211 Payable Xperts Logistics 0.00 50,489.00 0.00 50,489.00 1 01-08-211 Payable Xperts Logistics 0.00 50,489.00 0.00 50,489.00
01-08-214 Payable United Shippers 0.00 143,774,569.00 141,738,615.00 2,035,954.00 1 01-08-214 Payable United Shippers 0.00 143,774,569.00 141,738,615.00 2,035,954.00
01-08-215 Payable Toyota Islamabad Motors 0.00 207,301.00 252,476.00 -45,175.00 1 01-08-215 Payable Toyota Islamabad Motors 0.00 207,301.00 252,476.00 -45,175.00
01-08-216 Payable Suzuki Islamabad Motors 0.00 0.00 21,540.00 -21,540.00 1 01-08-216 Payable Suzuki Islamabad Motors 0.00 0.00 21,540.00 -21,540.00
01-08-217 Payable TCS 0.00 0.00 26,998.00 -26,998.00 1 01-08-217 Payable TCS 0.00 0.00 26,998.00 -26,998.00
01-08-218 Payable DHL 0.00 203,675.00 227,184.00 -23,509.00 1 01-08-218 Payable DHL 0.00 203,675.00 227,184.00 -23,509.00
01-08-220 Payable Bukhari Travels 0.00 0.00 129,431.00 -129,431.00 1 01-08-220 Payable Bukhari Travels 0.00 0.00 129,431.00 -129,431.00
01-08-221 Payable Askari Travels & Tours 0.00 1,097,495.00 1,097,495.00 0.00 1 01-08-221 Payable Askari Travels & Tours 0.00 1,097,495.00 1,097,495.00 0.00
01-08-223 Payable Hotel Hill View 0.00 0.00 55,492.00 -55,492.00 1 01-08-223 Payable Hotel Hill View 0.00 0.00 55,492.00 -55,492.00
01-08-224 Payable A.S Enterprises 0.00 258,899.00 259,799.00 -900.00 1 01-08-224 Payable A.S Enterprises 0.00 258,899.00 259,799.00 -900.00
01-08-226 Payable Zakat 0.00 991,337.00 4,002,827.00 -3,011,490.00 1 01-08-226 Payable Zakat 0.00 991,337.00 4,002,827.00 -3,011,490.00
01-08-227 Suspense Account 0.00 317,549,263.00 319,632,579.00 -2,083,316.00 Sales Tax JV adj in July 1 01-08-227 Suspense Account 0.00 317,549,263.00 319,632,579.00 -2,083,316.00
01-08-228 Payable Welfare General 0.00 259,946.00 678,332.00 -418,386.00 1 01-08-228 Payable Welfare General 0.00 259,946.00 678,332.00 -418,386.00
01-08-229 Payable Provident Fund 0.00 0.00 41,840.00 -41,840.00 1 01-08-229 Payable Provident Fund 0.00 0.00 41,840.00 -41,840.00
01-08-230 Payable Welfare Employees 0.00 105,546.00 418,387.00 -312,841.00 1 01-08-230 Payable Welfare Employees 0.00 105,546.00 418,387.00 -312,841.00
01-09-01 Accounts Payable Stock 0.00 231,254,289.23 269,906,419.00 -38,652,129.77 Breakup on Payable Sheet 1 01-09-01 Accounts Payable Stock 0.00 231,254,289.23 269,906,419.00 -38,652,129.77
01-09-02 Accounts Payable Services 0.00 1,733,047.00 1,701,332.00 31,715.00 Breakup on Payable Sheet 1 01-09-02 Accounts Payable Services 0.00 1,733,047.00 1,701,332.00 31,715.00
01-09-03 Accounts Payable Others 0.00 10,170,597.00 10,170,597.00 0.00 Breakup on Payable Sheet 1 01-09-03 Accounts Payable Others 0.00 10,170,597.00 10,170,597.00 0.00
01-10-001 Payable Income Tax on Staff Salaries 0.00 0.00 23,370.00 -23,370.00 17,914 FSL / 424 Saqib / 5032 obaid 1 01-10-001 Payable Income Tax on Staff Salaries 0.00 0.00 23,370.00 -23,370.00
01-10-002 Payable Sales tax 0.00 10,877,114.00 8,699,209.00 2,177,905.00 1 01-10-002 Payable Sales tax 0.00 10,877,114.00 8,699,209.00 2,177,905.00
01-11-007 Share Capital Masood Ali Khan 0.00 0.00 3,103,775.00 -3,103,775.00 1 01-11-007 Share Capital Masood Ali Khan 0.00 0.00 3,103,775.00 -3,103,775.00
01-11-101 General Reserves 0.00 0.00 19,789,444.00 -19,789,444.00 1 01-11-101 General Reserves 0.00 0.00 19,789,444.00 -19,789,444.00
01-11-102 Retained Earnings 0.00 0.00 53,953,358.00 -53,953,358.00 1 01-11-102 Retained Earnings 0.00 0.00 53,953,358.00 -53,953,358.00
01-16-001-Sale Indoor Lights 0.00 0.00 26,250,229.00 -26,250,229.00 Lights Sold to Areebah 1 01-16-001-1 Sale Indoor Lights 0.00 0.00 26,250,229.00 -26,250,229.00
01-16-001-Sale Outdoor Lights 0.00 0.00 3,374,112.00 -3,374,112.00 Lights Sold to Areebah 1 01-16-001-2 Sale Outdoor Lights 0.00 0.00 3,374,112.00 -3,374,112.00
01-16-002-Sale Chint Breakers 0.00 9,924,592.00 18,967,253.00 -9,042,661.00 1 01-16-002-1 Sale Chint Breakers 0.00 9,924,592.00 18,967,253.00 -9,042,661.00
01-16-002-Sale LSIS Breakers 0.00 4,535,682.00 13,205,054.00 -8,669,372.00 1 01-16-002-2 Sale LSIS Breakers 0.00 4,535,682.00 13,205,054.00 -8,669,372.00
01-16-003 Sale Stablizers 0.00 0.00 6,335,516.00 -6,335,516.00 AVR Sold to Areebah 1 01-16-003 Sale Stablizers 0.00 0.00 6,335,516.00 -6,335,516.00
01-16-004 Sale DC Power Systems 0.00 0.00 766,667.00 -766,667.00 Myson Order 1 01-16-004 Sale DC Power Systems 0.00 0.00 766,667.00 -766,667.00
01-16-005 Sale UPS 0.00 0.00 1,784,616.00 -1,784,616.00 1 01-16-005 Sale UPS 0.00 0.00 1,784,616.00 -1,784,616.00
01-16-006 Sale Others 0.00 3,321,434.00 8,215,174.00 -4,893,740.00 1 01-16-006 Sale Others 0.00 3,321,434.00 8,215,174.00 -4,893,740.00
01-16-007 Sale Indenting 0.00 0.00 156,767,470.00 -156,767,470.00 1 01-16-007 Sale Indenting 0.00 0.00 156,767,470.00 -156,767,470.00
01-16-009 Sale Services 0.00 0.00 22,306,030.00 -22,306,030.00 1 01-16-009 Sale Services 0.00 0.00 22,306,030.00 -22,306,030.00
01-16-010 Exchange Rate Gain/Loss 0.00 671,749,126.00 670,938,547.00 810,579.00 1 01-16-010 Exchange Rate Gain/Loss 0.00 671,749,126.00 670,938,547.00 810,579.00
01-16-011 Gain / loss on Sale of Assets 0.00 12,393,288.00 12,393,288.00 0.00 1 01-16-011 Gain / loss on Sale of Assets 0.00 12,393,288.00 12,393,288.00 0.00
01-16-012 Sale Indenting Commission 0.00 10,303,077.00 34,462,866.00 -24,159,789.00 1 01-16-012 Sale Indenting Commission 0.00 10,303,077.00 34,462,866.00 -24,159,789.00
01-17-001-Cost of Sale Indoor Lights 0.00 24,410,723.00 0.00 24,410,723.00 Lights Sold to Areebah 1 01-17-001-1 Cost of Sale Indoor Lights 0.00 24,410,723.00 0.00 24,410,723.00
01-17-001-Cost of Sale Outdoor Lights 0.00 3,280,312.00 0.00 3,280,312.00 Lights Sold to Areebah 1 01-17-001-2 Cost of Sale Outdoor Lights 0.00 3,280,312.00 0.00 3,280,312.00
01-17-002-Cost of Sale Chint Breakers 0.00 17,483,205.00 10,500,128.00 6,983,077.00 1 01-17-002-1 Cost of Sale Chint Breakers 0.00 17,483,205.00 10,500,128.00 6,983,077.00
01-17-002-Cost of Sale LSIS Breakers 0.00 17,725,326.00 10,248,474.00 7,476,852.00 1 01-17-002-2 Cost of Sale LSIS Breakers 0.00 17,725,326.00 10,248,474.00 7,476,852.00
01-17-003 Cost of Sale Stablizers 0.00 5,791,255.00 0.00 5,791,255.00 AVR Sold to Areebah 1 01-17-003 Cost of Sale Stablizers 0.00 5,791,255.00 0.00 5,791,255.00
01-17-004 Cost of Sale DC Power Systems 0.00 435,795.00 0.00 435,795.00 Myson Order 1 01-17-004 Cost of Sale DC Power Systems 0.00 435,795.00 0.00 435,795.00
01-17-005 Cost of Sale UPS 0.00 1,755,001.00 0.00 1,755,001.00 1 01-17-005 Cost of Sale UPS 0.00 1,755,001.00 0.00 1,755,001.00
01-17-006 Cost of Sale Others 0.00 3,531,545.00 3,531,545.00 0.00 1 01-17-006 Cost of Sale Others 0.00 3,531,545.00 3,531,545.00 0.00
01-17-007 Cost of Sale Indenting 0.00 107,517,139.00 0.00 107,517,139.00 1 01-17-007 Cost of Sale Indenting 0.00 107,517,139.00 0.00 107,517,139.00
01-17-009 Cost of Sale Services 0.00 1,927,540.00 0.00 1,927,540.00 1 01-17-009 Cost of Sale Services 0.00 1,927,540.00 0.00 1,927,540.00
01-18-001 Salaries Sales Staff Expense 0.00 6,797,618.00 1,800,000.00 4,997,618.00 1 01-18-001 Salaries Sales Staff Expense 0.00 6,797,618.00 1,800,000.00 4,997,618.00
01-18-002 Incentive Sales Staff Expense 0.00 1,349,202.00 0.00 1,349,202.00 1 01-18-002 Incentive Sales Staff Expense 0.00 1,349,202.00 0.00 1,349,202.00
01-18-101 Selling Fuel Expense 0.00 21,168.00 0.00 21,168.00 1 01-18-101 Selling Fuel Expense 0.00 21,168.00 0.00 21,168.00
01-18-102 Fuel Honda City KX-494 Expense 0.00 6,260.00 0.00 6,260.00 1 01-18-102 Fuel Honda City KX-494 Expense 0.00 6,260.00 0.00 6,260.00
01-18-103 Fuel Toyota Passo EK-561 Expense 0.00 9,044.00 0.00 9,044.00 1 01-18-103 Fuel Toyota Passo EK-561 Expense 0.00 9,044.00 0.00 9,044.00
01-18-104 Fuel Toyota Passo EK-562 Expense 0.00 13,065.00 0.00 13,065.00 1 01-18-104 Fuel Toyota Passo EK-562 Expense 0.00 13,065.00 0.00 13,065.00
01-18-201 Selling Vehicle Maintenance Expense 0.00 13,900.00 0.00 13,900.00 1 01-18-201 Selling Vehicle Maintenance Expense 0.00 13,900.00 0.00 13,900.00
01-18-301 Mobile Phone Selling Expense 0.00 232,267.00 0.00 232,267.00 1 01-18-301 Mobile Phone Selling Expense 0.00 232,267.00 0.00 232,267.00
01-18-401 Tender Expense 0.00 5,000.00 0.00 5,000.00 1 01-18-401 Tender Expense 0.00 5,000.00 0.00 5,000.00
01-18-411 Sampling Expense 0.00 46,000.00 0.00 46,000.00 1 01-18-411 Sampling Expense 0.00 46,000.00 0.00 46,000.00
01-18-421 Sale Promotion Expense 0.00 1,737,932.00 0.00 1,737,932.00 1 01-18-421 Sale Promotion Expense 0.00 1,737,932.00 0.00 1,737,932.00
01-18-431 Research & Development Expense 0.00 3,811,008.00 0.00 3,811,008.00 1 01-18-431 Research & Development Expense 0.00 3,811,008.00 0.00 3,811,008.00
01-19-001 Salaries Office Staff Expense 0.00 4,200,163.00 900,000.00 3,300,163.00 1 01-19-001 Salaries Office Staff Expense 0.00 4,200,163.00 900,000.00 3,300,163.00
01-19-002 Incentive Office Staff Expense 0.00 989,857.00 0.00 989,857.00 1 01-19-002 Incentive Office Staff Expense 0.00 989,857.00 0.00 989,857.00
01-19-101 Office Fuel Expense 0.00 27,442.00 0.00 27,442.00 1 01-19-101 Office Fuel Expense 0.00 27,442.00 0.00 27,442.00
01-19-103 Fuel Toyota Corolla GLI SG-678 Expense 0.00 331,104.00 0.00 331,104.00 1 01-19-103 Fuel Toyota Corolla GLI SG-678 Expense 0.00 331,104.00 0.00 331,104.00
01-19-104 Fuel Toyota Land Cruiser V8 DV-022 Expense 0.00 331,428.00 0.00 331,428.00 1 01-19-104 Fuel Toyota Land Cruiser V8 DV-022 Expense 0.00 331,428.00 0.00 331,428.00
01-19-105 Fuel Mercedes Benz SX-200 Expense 0.00 3,297.00 0.00 3,297.00 1 01-19-105 Fuel Mercedes Benz SX-200 Expense 0.00 3,297.00 0.00 3,297.00
01-19-106 Fuel Suzuki Bolan UW-243 Expense 0.00 8,656.00 0.00 8,656.00 1 01-19-106 Fuel Suzuki Bolan UW-243 Expense 0.00 8,656.00 0.00 8,656.00
01-19-107 Fuel Dhaitsu Mira EK-563 Expense 0.00 14,814.00 0.00 14,814.00 1 01-19-107 Fuel Dhaitsu Mira EK-563 Expense 0.00 14,814.00 0.00 14,814.00
01-19-108 Fuel Honda CD-70 RIR-6661 0.00 10,230.00 0.00 10,230.00 1 01-19-108 Fuel Honda CD-70 RIR-6661 0.00 10,230.00 0.00 10,230.00
01-19-109 Fuel Honda CD-70 RIK-7618 0.00 250.00 0.00 250.00 1 01-19-109 Fuel Honda CD-70 RIK-7618 0.00 250.00 0.00 250.00
01-19-201 Office Rent Expense 0.00 864,500.00 0.00 864,500.00 1 01-19-201 Office Rent Expense 0.00 864,500.00 0.00 864,500.00
01-19-203 Consumable Item Expense 0.00 50,387.00 0.00 50,387.00 1 01-19-203 Consumable Item Expense 0.00 50,387.00 0.00 50,387.00
01-19-204 Entertainment Expense 0.00 182,287.00 0.00 182,287.00 1 01-19-204 Entertainment Expense 0.00 182,287.00 0.00 182,287.00
01-19-205 Lunch & Dinner Expense 0.00 495,485.00 3,500.00 491,985.00 1 01-19-205 Lunch & Dinner Expense 0.00 495,485.00 3,500.00 491,985.00
01-19-206 Telephone Bill Expense 0.00 20,148.00 0.00 20,148.00 1 01-19-206 Telephone Bill Expense 0.00 20,148.00 0.00 20,148.00
01-19-207 ELectricity Bill Expense 1,572,653.00 52,253.00 0.00 52,253.00 1 01-19-207 ELectricity Bill Expense 0.00 52,253.00 0.00 52,253.00
01-19-210 Mobile Phone Office Expense 0.00 318,794.00 0.00 318,794.00 1 01-19-210 Mobile Phone Office Expense 0.00 318,794.00 0.00 318,794.00
01-19-211 Office Stationary & Printing Expense 0.00 89,163.00 0.00 89,163.00 1 01-19-211 Office Stationary & Printing Expense 0.00 89,163.00 0.00 89,163.00
01-19-212 News Paper Expense 0.00 972.00 0.00 972.00 1 01-19-212 News Paper Expense 0.00 972.00 0.00 972.00
01-19-213 Internet Expense 0.00 82,080.00 0.00 82,080.00 1 01-19-213 Internet Expense 0.00 82,080.00 0.00 82,080.00
01-19-215 Postage Expense 0.00 450,108.00 0.00 450,108.00 1 01-19-215 Postage Expense 0.00 450,108.00 0.00 450,108.00
01-19-216 Bank Charges Expense 0.00 115,194.14 0.00 115,194.14 1 01-19-216 Bank Charges Expense 0.00 115,194.14 0.00 115,194.14
01-19-217 Medical Expense 0.00 65,974.00 0.00 65,974.00 1 01-19-217 Medical Expense 0.00 65,974.00 0.00 65,974.00
01-19-218 Office Maintenance Expense 0.00 17,500.00 0.00 17,500.00 1 01-19-218 Office Maintenance Expense 0.00 17,500.00 0.00 17,500.00
01-19-219 IT Maintenance Expense 0.00 24,900.00 0.00 24,900.00 1 01-19-219 IT Maintenance Expense 0.00 24,900.00 0.00 24,900.00
01-19-220 Office Vehicle Maintenance Expense 0.00 260,337.00 0.00 260,337.00 1 01-19-220 Office Vehicle Maintenance Expense 0.00 260,337.00 0.00 260,337.00
01-19-221 Office Bike Maintenance Expense 0.00 3,230.00 0.00 3,230.00 1 01-19-221 Office Bike Maintenance Expense 0.00 3,230.00 0.00 3,230.00
01-19-222 Air Travling Expense 0.00 2,741,719.00 337,900.00 2,403,819.00 1 01-19-222 Air Travling Expense 0.00 2,741,719.00 337,900.00 2,403,819.00
01-19-223 Travelling & Conveyance Expense 0.00 943,127.00 0.00 943,127.00 1 01-19-223 Travelling & Conveyance Expense 0.00 943,127.00 0.00 943,127.00
01-19-224 Labour Expense 0.00 222,060.00 0.00 222,060.00 1 01-19-224 Labour Expense 0.00 222,060.00 0.00 222,060.00
01-19-225 Transportation Expense 0.00 1,703,930.00 0.00 1,703,930.00 1 01-19-225 Transportation Expense 0.00 1,703,930.00 0.00 1,703,930.00
01-19-226 Insurance Expense 0.00 1,000.00 0.00 1,000.00 1 01-19-226 Insurance Expense 0.00 1,000.00 0.00 1,000.00
01-19-229 Miscellaneous Expense 0.00 964,200.00 0.00 964,200.00 1 01-19-229 Miscellaneous Expense 0.00 964,200.00 0.00 964,200.00
400,000 for Implementation + 150,000

01-19-230 Dynamic GP / AX Consultancy Expense 0.00 821,280.00 0.00 821,280.00 support service + 271280 for Annual Renewal 1 01-19-230 Dynamic GP / AX Consultancy Expense 0.00 821,280.00 0.00 821,280.00
01-19-231 Faheem Ahmed Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00 1 01-19-231 Faheem Ahmed Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
01-19-232 Naseem Ali Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00 1 01-19-232 Naseem Ali Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
01-19-233 Welfare Expense 0.00 1,290,740.00 0.00 1,290,740.00 1 01-19-233 Welfare Expense 0.00 1,290,740.00 0.00 1,290,740.00
01-19-236 Donation Expense 0.00 1,572,653.00 0.00 1,572,653.00 1 01-19-236 Donation Expense 0.00 1,572,653.00 0.00 1,572,653.00
01-19-238 Hotel Accomodation Expense 0.00 1,510,837.00 0.00 1,510,837.00 1 01-19-238 Hotel Accomodation Expense 0.00 1,510,837.00 0.00 1,510,837.00
01-19-241 Office Sports Expense 0.00 4,520.00 0.00 4,520.00 1 01-19-241 Office Sports Expense 0.00 4,520.00 0.00 4,520.00
01-19-242 Employer Contribution Expense 0.00 27,950.00 0.00 27,950.00 1 01-19-242 Employer Contribution Expense 0.00 27,950.00 0.00 27,950.00
01-19-243 Legal & Professional Expense 0.00 318,575.00 158,500.00 160,075.00 1 01-19-243 Legal & Professional Expense 0.00 318,575.00 158,500.00 160,075.00
01-19-245 PF Employer Contribution Expense 0.00 20,920.00 0.00 20,920.00 1 01-19-245 PF Employer Contribution Expense 0.00 20,920.00 0.00 20,920.00
01-20-003 Office Equipment Depreciation Expense 0.00 227,594.00 113,797.00 113,797.00 1 01-20-003 Office Equipment Depreciation Expense 0.00 227,594.00 113,797.00 113,797.00
01-20-007 Kitchen Appliances Depreciation Expense 0.00 7,212.00 3,606.00 3,606.00 1 01-20-007 Kitchen Appliances Depreciation Expense 0.00 7,212.00 3,606.00 3,606.00
01-21-001 Sim Cards Commission Expense 0.00 9,482,659.00 0.00 9,482,659.00 1 01-21-001 Sim Cards Commission Expense 0.00 9,482,659.00 0.00 9,482,659.00
01-21-002 Commission Expense 0.00 2,380,425.00 0.00 2,380,425.00 1 01-21-002 Commission Expense 0.00 2,380,425.00 0.00 2,380,425.00
01-21-003 Swap Project Expense 0.00 4,851,342.00 0.00 4,851,342.00 1 01-21-003 Swap Project Expense 0.00 4,851,342.00 0.00 4,851,342.00
01-21-004 Tax Deduction By ECP Expense 0.00 733,994.00 123,153.00 610,841.00 1 01-21-004 Tax Deduction By ECP Expense 0.00 733,994.00 123,153.00 610,841.00
0.00 0.00
Trial Balance
For Year Ended June 30, 2017
Ledger accoName Opening balance Debit Credit Closing balance Remarks
Group Companies Advances
01-06-003 Powertech SARL 0.00 59,043,561.00 39,111,970.00 19,931,591.00
01-06-011 Powertech Congo 0.00 120,885.00 0.00 120,885.00
01-06-012 Powertech LLC 0.00 512,900.00 0.00 512,900.00
Total Group Companies Advances 36,988,285.00
Property Plant and Equipment
01-07-002 Office Equippment 0.00 1,242,238.00 375,300.00 866,938.00 Breakup on Fixed Asset Sheet
01-07-004 Kitchen Appliances 0.00 23,400.00 0.00 23,400.00 Breakup on Fixed Asset Sheet
AX difference value paid by powertech / 255800
01-07-008 Intangible Assets 0.00 1,643,262.00 0.00 1,643,262.00 user purchased
Total Property Plant and Equipment 2,413,317.00
Cash and Bank
01-01-001 Cash in Hand Isb 0.00 2,031,010.00 2,000,912.00 30,098.00
01-02-001 Askari Bank ISB 127-032020156-5 0.00 68,768,961.00 68,683,245.00 85,716.00
01-02-002 Askari Bank KHI 32-010000520-2 0.00 32,076,474.00 32,070,763.00 5,711.00
01-02-003 Askari Bank KHI $ 32-050000064-6 0.00 750,177,367.00 714,510,743.00 35,666,624.00
01-02-009 Meezan Bank ISB 0306-0101984335 0.00 4,048.00 0.00 4,048.00
01-02-010 Meezan Bank ISB 0324-0101999364 0.00 34,339,575.00 34,003,055.74 336,519.26
01-02-011 Meezan Bank ISB LC Margin 0.00 2,671,821.00 2,209,108.00 462,713.00 Breakup on LC Margin Sheet
01-02-012 Emirates NBD AED 1015249945601 0.00 1,981,131.00 1,975,428.00 5,703.00
01-02-013 Payroll Processing 0.00 10,170,596.00 10,170,597.00 -1.00
Total Cash and Bank 37,068,908.26
Prepaid Expenses
01-04-500- Custom Duty 0.00 7,535.00 7,535.00 0.00
01-04-500- Regulatory Duty 0.00 471.00 471.00 0.00
01-04-500- W.H Income Tax 0.00 182,556.00 182,556.00 0.00
01-04-500- Bank Charges 0.00 1,228,357.00 1,228,357.00 0.00

01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00 673,553 against Lishu 2
01-05-024 W.H Tax at Source 0.00 6,442,685.00 0.00 6,442,685.00
01-05-026 W.H Tax on Exports 0.00 290,293.00 0.00 290,293.00
01-05-104 ADV Obaid Tahir 0.00 1,271,270.00 1,269,970.00 1,300.00
01-05-402 ADV Faheem Ahmed Khan 0.00 3,860,013.00 0.00 3,860,013.00 Paid against DV-022 Orix payment
01-05-404 ADV Naseem Ali Khan 0.00 130,000.00 0.00 130,000.00 Aleem Sb Hajj Balance
Total Prepaid Expenses 14,169,198.00
Accounts Receivables
01-03-001 Accounts Receivables Corporate 0.00 96,416,714.00 87,817,379.00 8,599,335.00 Breakup on Receivable Sheet
01-03-002 Accounts Receivables International 0.00 60,471,476.00 48,658,976.00 #REF! Breakup on Receivable Sheet
01-03-003 Accounts Receivables General 0.00 1,225,625.00 174,603.00 #REF! Breakup on Receivable Sheet
Total Accounts Receivables #REF!
Stock in Hand
01-04-001 Breakers 0.00 454,455.00 0.00 454,455.00
01-04-001- Chint Breakers 0.00 10,045,673.00 307,241.00 9,738,432.00
01-04-001- LSIS Breakers 0.00 631,396,604.00 611,043,230.00 20,868,038.00
01-04-002 Indoor Lights 0.00 9,834,703.00 9,834,703.00 0.00
01-04-002- BULB 0.00 2,396,244.00 2,396,243.00 1.00
01-04-003- Street Lights 0.00 249,373,183.00 249,373,186.00 -3.00
01-04-004 Stablizers 0.00 1,179,730.00 1,120,228.00 59,502.00
01-04-005 DC Power Systems 0.00 6,398,811.00 746,799.00 5,652,012.00
01-04-006 UPS 0.00 4,847,382.00 4,679,063.00 168,319.00
01-04-007 Batteries 0.00 231,480.00 0.00 231,480.00
01-04-008 Misc Inventory 0.00 16,422,109.00 1,402.00 16,420,707.00
Total Stock in Hand 53,592,943.00
Sahre Capital
01-19-231 Faheem Ahmed Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
01-19-232 Naseem Ali Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
Total Share Capital -53,446,577.00
01-08-001 Payable Muhammad Saqib 0.00 169,888.00 555,221.00 -385,333.00 Medical + Africa Salary
01-08-002 Payable Usman Ali 0.00 99,478.00 117,394.00 -17,916.00 Medical + Encashment
01-08-003 Payable Ghulam Rasool 0.00 120,878.00 132,878.00 -12,000.00 Medical
01-08-005 Payable Mustafa Madni 0.00 2,016,500.00 2,574,294.00 -557,794.00 Loan for Bonus payment
01-08-006 Payable Obaid Tahir 0.00 245,954.00 295,754.00 -49,800.00 Medical + Encashment
01-08-010 Payable Muhammad Faisal 0.00 252,082.00 1,327,124.00 -1,075,042.00 Bonus + Commission
Payable Anas 0.00 444,608.00 -444,608.00 Commission
01-08-011 Payable Zeeshan 0.00 0.00 11,500.00 -11,500.00 Medical
01-08-012 Payable Hamza 0.00 0.00 11,500.00 -11,500.00 Medical
01-08-204 Payable PMCL Commission 0.00 0.00 953,972.00 -953,972.00 Taimoor Commission will be paid to Mr. Naseem
01-08-209 Payable Logistics World 0.00 1,625,216.00 1,174,539.00 450,677.00 Breakup on Logistic World Sheet
01-08-217 Payable TCS 0.00 0.00 26,998.00 -26,998.00
01-08-218 Payable DHL 0.00 203,675.00 227,184.00 -23,509.00
01-08-226 Payable Zakat 0.00 991,337.00 4,002,827.00 -3,011,490.00
01-08-227 Suspense Account 0.00 317,549,263.00 319,632,579.00 -2,083,316.00 Sales Tax JV adj in July
Total Non Current Liabilities -78,181,180.63
Current Liabilities
01-09-01 Accounts Payable Stock 0.00 231,254,289.23 269,906,419.00 -38,652,129.77 Breakup on Payable Sheet
01-09-02 Accounts Payable Services 0.00 1,733,047.00 1,701,332.00 31,715.00 Breakup on Payable Sheet
01-09-03 Accounts Payable Others 0.00 10,170,597.00 10,170,597.00 0.00 Breakup on Payable Sheet
01-10-001 Payable Income Tax on Staff Salaries 0.00 0.00 23,370.00 -23,370.00 17,914 FSL / 424 Saqib / 5032 obaid
Payable Sales tax 0.00 10,877,114.00 8,699,209.00 2,177,905.00
Total Current Liabilities -36,465,879.77
Sales
01-16-001- Sale Indoor Lights 0.00 0.00 26,250,229.00 -26,250,229.00 Lights Sold to Areebah
01-16-001- Sale Outdoor Lights 0.00 0.00 3,374,112.00 -3,374,112.00 Lights Sold to Areebah
01-16-002- Sale Chint Breakers 0.00 9,924,592.00 18,967,253.00 -9,042,661.00
01-16-002- Sale LSIS Breakers 0.00 4,535,682.00 13,205,054.00 -8,669,372.00
01-16-003 Sale Stablizers 0.00 0.00 8,120,132.00 -8,120,132.00 AVR Sold to Areebah
01-16-004 Sale DC Power Systems 0.00 0.00 766,667.00 -766,667.00 Myson Order
01-16-007 Sale Indenting 0.00 0.00 156,767,470.00 -156,767,470.00 AWCC Sales (Breakup on FSL Commission Sheet)
01-16-009 Sale Services 0.00 0.00 22,306,030.00 -22,306,030.00 SWAP + Telenor
01-16-006 Sale Others 0.00 0.00 4,893,740.00 -4,893,740.00 CMPAK Adj
01-16-012 Sale Indenting Commission 0.00 10,303,077.00 34,462,866.00 -24,159,789.00 Commission Recording Pending
Total Sales -264,350,202.00
Cost of Goods Sold
01-17-001- Cost of Sale Indoor Lights 0.00 24,410,723.00 0.00 24,410,723.00 Lights Sold to Areebah
01-17-001- Cost of Sale Outdoor Lights 0.00 3,280,312.00 0.00 3,280,312.00 Lights Sold to Areebah
01-17-002- Cost of Sale Chint Breakers 0.00 17,483,205.00 10,500,128.00 6,983,077.00
01-17-002- Cost of Sale LSIS Breakers 0.00 17,725,326.00 10,248,474.00 7,476,852.00
01-17-003 Cost of Sale Stablizers 0.00 7,546,256.00 0.00 7,546,256.00 AVR Sold to Areebah
01-17-004 Cost of Sale DC Power Systems 0.00 435,795.00 0.00 435,795.00 Myson Order
01-17-007 Cost of Sale Indenting 0.00 107,517,139.00 0.00 107,517,139.00
01-17-009 Cost of Sale Services 0.00 1,927,540.00 0.00 1,927,540.00
Total Cost of Goods Sold 159,577,694.00
Selling Expense
01-18-002 Incentive Sales Staff Expense 0.00 1,349,202.00 0.00 1,349,202.00
01-18-101 Selling Fuel Expense 0.00 21,168.00 0.00 21,168.00
01-18-102 Fuel Honda City KX-494 Expense 0.00 6,260.00 0.00 6,260.00
01-18-103 Fuel Toyota Passo EK-561 Expense 0.00 9,044.00 0.00 9,044.00
01-18-201 Selling Vehicle Maintenance Expense 0.00 13,900.00 0.00 13,900.00
01-18-301 Mobile Phone Selling Expense 0.00 232,267.00 0.00 232,267.00
01-18-401 Tender Expense 0.00 5,000.00 0.00 5,000.00
01-18-411 Sampling Expense 0.00 46,000.00 0.00 46,000.00
01-18-421 Sale Promotion Expense 0.00 1,737,932.00 0.00 1,737,932.00
01-18-431 Research & Development Expense 0.00 3,811,008.00 0.00 3,811,008.00
Total Selling Expense 7,244,846.00
Administrative Expense
01-19-002 Incentive Office Staff Expense 0.00 989,857.00 0.00 989,857.00
01-19-101 Office Fuel Expense 0.00 27,442.00 0.00 27,442.00
01-19-103 Fuel Toyota Corolla GLI SG-678 Expense 0.00 331,104.00 0.00 331,104.00
01-19-104 Fuel Toyota Land Cruiser V8 DV-022 Expense 0.00 331,428.00 0.00 331,428.00
01-19-105 Fuel Mercedes Benz SX-200 Expense 0.00 3,297.00 0.00 3,297.00
01-19-106 Fuel Suzuki Bolan UW-243 Expense 0.00 8,656.00 0.00 8,656.00
01-19-107 Fuel Dhaitsu Mira EK-563 Expense 0.00 14,814.00 0.00 14,814.00
01-19-108 Fuel Honda CD-70 RIR-6661 0.00 10,230.00 0.00 10,230.00
01-19-109 Fuel Honda CD-70 RIK-7618 0.00 250.00 0.00 250.00
01-19-201 Office Rent Expense 0.00 864,500.00 0.00 864,500.00
01-19-203 Consumable Item Expense 0.00 50,387.00 0.00 50,387.00
01-19-204 Entertainment Expense 0.00 182,287.00 0.00 182,287.00
01-19-205 Lunch & Dinner Expense 0.00 495,485.00 3,500.00 491,985.00
01-19-206 Telephone Bill Expense 0.00 20,148.00 0.00 20,148.00
01-19-207 ELectricity Bill Expense 0.00 52,253.00 0.00 52,253.00
01-19-210 Mobile Phone Office Expense 0.00 318,794.00 0.00 318,794.00
01-19-211 Office Stationary & Printing Expense 0.00 89,163.00 0.00 89,163.00
01-19-212 News Paper Expense 0.00 972.00 0.00 972.00
01-19-213 Internet Expense 0.00 82,080.00 0.00 82,080.00
01-19-215 Postage Expense 0.00 450,108.00 0.00 450,108.00
01-19-216 Bank Charges Expense 0.00 115,154.14 0.00 115,154.14
01-19-217 Medical Expense 0.00 65,974.00 0.00 65,974.00
01-19-218 Office Maintenance Expense 0.00 17,500.00 0.00 17,500.00
01-19-219 IT Maintenance Expense 0.00 24,900.00 0.00 24,900.00
01-19-220 Office Vehicle Maintenance Expense 0.00 260,337.00 0.00 260,337.00
01-19-221 Office Bike Maintenance Expense 0.00 3,230.00 0.00 3,230.00
01-19-222 Air Travling Expense 0.00 2,741,719.00 337,900.00 2,403,819.00
01-19-223 Travelling & Conveyance Expense 0.00 943,127.00 0.00 943,127.00
01-19-224 Labour Expense 0.00 222,060.00 0.00 222,060.00
01-19-225 Transportation Expense 0.00 1,703,930.00 0.00 1,703,930.00
01-19-226 Insurance Expense 0.00 1,000.00 0.00 1,000.00
01-19-229 Miscellaneous Expense 0.00 964,200.00 0.00 964,200.00
400,000 for Implementation + 150,000 support
01-19-230 Dynamic GP / AX Consultancy Expense 0.00 821,280.00 0.00 821,280.00 service + 271280 for Annual Renewal
01-19-233 Welfare Expense 0.00 1,290,740.00 0.00 1,290,740.00

01-19-236 Donation Expense 0.00 1,572,653.00 0.00 1,572,653.00
01-19-238 Hotel Accomodation Expense 0.00 1,510,837.00 0.00 1,510,837.00
01-19-241 Office Sports Expense 0.00 4,520.00 0.00 4,520.00
01-19-242 Employer Contribution Expense 0.00 27,950.00 0.00 27,950.00
01-19-243 Legal & Professional Expense 0.00 318,575.00 158,500.00 160,075.00
01-19-245 PF Employer Contribution Expense 0.00 20,920.00 0.00 20,920.00
01-16-010 Exchange Rate Gain/Loss 0.00 671,749,126.00 670,938,547.00 810,579.00
Total Administrative Expenses 17,264,540.14
Salaries Expense
01-18-001 Salaries Sales Staff Expense 0.00 6,797,618.00 1,800,000.00 4,997,618.00
01-19-001 Salaries Office Staff Expense 0.00 4,200,163.00 900,000.00 3,300,163.00
Total Salaries Expenses 8,297,781.00
Depreciation Expense
01-20-003 Office Equipment Depreciation Expense 0.00 113,797.00 0.00 113,797.00
01-20-007 Kitchen Appliances Depreciation Expense 0.00 3,606.00 0.00 3,606.00
Total Depreciation Expenses 117,403.00
Other Expense
01-21-001 Sim Cards Commission Expense 0.00 9,482,659.00 0.00 9,482,659.00
01-21-002 Commission Expense 0.00 2,380,425.00 0.00 2,380,425.00 Pramod= 1533325 + FSL=847100 + Anas=444,608
01-21-003 Swap Project Expense 0.00 4,851,342.00 0.00 4,851,342.00 Swap + Rollout
Total Other Expenses 17,325,267.00
Trial Balance
For Year Ended June 30, 2017
Ledger accoName Opening balance Debit Credit Closing balance Remarks
Group Companies Advances
01-06-003 Powertech SARL 0.00 59,043,561.00 39,111,970.00 19,931,591.00
01-06-011 Powertech Congo 0.00 120,885.00 0.00 120,885.00
01-06-012 Powertech LLC 0.00 512,900.00 0.00 512,900.00
Total Group Companies Advances 36,988,285.00
Property Plant and Equipment
01-07-002 Office Equippment 0.00 1,242,238.00 375,300.00 866,938.00 Breakup on Fixed Asset Sheet
01-07-004 Kitchen Appliances 0.00 23,400.00 0.00 23,400.00 Breakup on Fixed Asset Sheet
AX difference value paid by powertech / 255800
01-07-008 Intangible Assets 0.00 1,643,262.00 0.00 1,643,262.00 user purchased
Total Property Plant and Equipment 2,413,317.00
Cash and Bank
01-01-001 Cash in Hand Isb 0.00 2,031,010.00 2,000,912.00 30,098.00
01-02-001 Askari Bank ISB 127-032020156-5 0.00 68,768,961.00 68,683,245.00 85,716.00
01-02-002 Askari Bank KHI 32-010000520-2 0.00 32,076,474.00 32,070,763.00 5,711.00
01-02-003 Askari Bank KHI $ 32-050000064-6 0.00 750,177,367.00 714,510,743.00 35,666,624.00
01-02-009 Meezan Bank ISB 0306-0101984335 0.00 4,048.00 0.00 4,048.00
01-02-010 Meezan Bank ISB 0324-0101999364 0.00 34,339,575.00 34,003,055.74 336,519.26
01-02-011 Meezan Bank ISB LC Margin 0.00 2,671,821.00 2,209,108.00 462,713.00 Breakup on LC Margin Sheet
01-02-012 Emirates NBD AED 1015249945601 0.00 1,981,131.00 1,975,428.00 5,703.00
01-02-013 Payroll Processing 0.00 10,170,596.00 10,170,597.00 -1.00
Total Cash and Bank 37,068,908.26
Prepaid Expenses
01-04-500- Custom Duty 0.00 7,535.00 7,535.00 0.00
01-04-500- Regulatory Duty 0.00 471.00 471.00 0.00
01-04-500- W.H Income Tax 0.00 182,556.00 182,556.00 0.00
01-04-500- Bank Charges 0.00 1,228,357.00 1,228,357.00 0.00

01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00 673,553 against Lishu 2
01-05-024 W.H Tax at Source 0.00 6,442,685.00 0.00 6,442,685.00
01-05-026 W.H Tax on Exports 0.00 290,293.00 0.00 290,293.00
01-05-104 ADV Obaid Tahir 0.00 1,271,270.00 1,269,970.00 1,300.00
01-05-402 ADV Faheem Ahmed Khan 0.00 3,860,013.00 0.00 3,860,013.00 Paid against DV-022 Orix payment
01-05-404 ADV Naseem Ali Khan 0.00 130,000.00 0.00 130,000.00 Aleem Sb Hajj Balance
Total Prepaid Expenses 14,169,198.00
Accounts Receivables
01-03-001 Accounts Receivables Corporate 0.00 96,416,714.00 87,817,379.00 8,599,335.00 Breakup on Receivable Sheet
01-03-002 Accounts Receivables International 0.00 60,471,476.00 48,658,976.00 #REF! Breakup on Receivable Sheet
01-03-003 Accounts Receivables General 0.00 1,225,625.00 174,603.00 #REF! Breakup on Receivable Sheet
Total Accounts Receivables #REF!
Stock in Hand
01-04-001 Breakers 0.00 454,455.00 0.00 454,455.00
01-04-001- Chint Breakers 0.00 10,045,673.00 307,241.00 9,738,432.00
01-04-001- LSIS Breakers 0.00 631,396,604.00 611,043,230.00 20,868,038.00
01-04-002 Indoor Lights 0.00 9,834,703.00 9,834,703.00 0.00
01-04-002- BULB 0.00 2,396,244.00 2,396,243.00 1.00
01-04-003- Street Lights 0.00 249,373,183.00 249,373,186.00 -3.00
01-04-004 Stablizers 0.00 1,179,730.00 1,120,228.00 59,502.00
01-04-005 DC Power Systems 0.00 6,398,811.00 746,799.00 5,652,012.00
01-04-006 UPS 0.00 4,847,382.00 4,679,063.00 168,319.00
01-04-007 Batteries 0.00 231,480.00 0.00 231,480.00
01-04-008 Misc Inventory 0.00 16,422,109.00 1,402.00 16,420,707.00
Total Stock in Hand 53,592,943.00
Sahre Capital
01-19-231 Faheem Ahmed Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
01-19-232 Naseem Ali Khan Salary Expense 0.00 11,700,000.00 0.00 11,700,000.00
Total Share Capital -53,446,577.00
01-08-001 Payable Muhammad Saqib 0.00 169,888.00 555,221.00 -385,333.00 Medical + Africa Salary
01-08-002 Payable Usman Ali 0.00 99,478.00 117,394.00 -17,916.00 Medical + Encashment
01-08-003 Payable Ghulam Rasool 0.00 120,878.00 132,878.00 -12,000.00 Medical
01-08-005 Payable Mustafa Madni 0.00 2,016,500.00 2,574,294.00 -557,794.00 Loan for Bonus payment
01-08-006 Payable Obaid Tahir 0.00 245,954.00 295,754.00 -49,800.00 Medical + Encashment
01-08-010 Payable Muhammad Faisal 0.00 252,082.00 1,327,124.00 -1,075,042.00 Bonus + Commission
Payable Anas 0.00 444,608.00 -444,608.00 Commission
01-08-011 Payable Zeeshan 0.00 0.00 11,500.00 -11,500.00 Medical
01-08-012 Payable Hamza 0.00 0.00 11,500.00 -11,500.00 Medical
01-08-204 Payable PMCL Commission 0.00 0.00 953,972.00 -953,972.00 Taimoor Commission will be paid to Mr. Naseem
01-08-209 Payable Logistics World 0.00 1,625,216.00 1,174,539.00 450,677.00 Breakup on Logistic World Sheet
01-08-217 Payable TCS 0.00 0.00 26,998.00 -26,998.00
01-08-218 Payable DHL 0.00 203,675.00 227,184.00 -23,509.00
01-08-226 Payable Zakat 0.00 991,337.00 4,002,827.00 -3,011,490.00
01-08-227 Suspense Account 0.00 317,549,263.00 319,632,579.00 -2,083,316.00 Sales Tax JV adj in July
Total Non Current Liabilities -78,181,180.63
Current Liabilities
01-09-01 Accounts Payable Stock 0.00 231,254,289.23 269,906,419.00 -38,652,129.77 Breakup on Payable Sheet
01-09-02 Accounts Payable Services 0.00 1,733,047.00 1,701,332.00 31,715.00 Breakup on Payable Sheet
01-09-03 Accounts Payable Others 0.00 10,170,597.00 10,170,597.00 0.00 Breakup on Payable Sheet
01-10-001 Payable Income Tax on Staff Salaries 0.00 0.00 23,370.00 -23,370.00 17,914 FSL / 424 Saqib / 5032 obaid
Payable Sales tax 0.00 10,877,114.00 8,699,209.00 2,177,905.00
Total Current Liabilities -36,465,879.77
Sales
01-16-001- Sale Indoor Lights 0.00 0.00 26,250,229.00 -26,250,229.00 Lights Sold to Areebah
01-16-001- Sale Outdoor Lights 0.00 0.00 3,374,112.00 -3,374,112.00 Lights Sold to Areebah
01-16-002- Sale Chint Breakers 0.00 9,924,592.00 18,967,253.00 -9,042,661.00
01-16-002- Sale LSIS Breakers 0.00 4,535,682.00 13,205,054.00 -8,669,372.00
01-16-003 Sale Stablizers 0.00 0.00 8,120,132.00 -8,120,132.00 AVR Sold to Areebah
01-16-004 Sale DC Power Systems 0.00 0.00 766,667.00 -766,667.00 Myson Order
01-16-007 Sale Indenting 0.00 0.00 156,767,470.00 -156,767,470.00 AWCC Sales (Breakup on FSL Commission Sheet)
01-16-009 Sale Services 0.00 0.00 22,306,030.00 -22,306,030.00 SWAP + Telenor
01-16-006 Sale Others 0.00 0.00 4,893,740.00 -4,893,740.00 CMPAK Adj
01-16-012 Sale Indenting Commission 0.00 10,303,077.00 34,462,866.00 -24,159,789.00 Commission Recording Pending
Total Sales -264,350,202.00
Cost of Goods Sold
01-17-001- Cost of Sale Indoor Lights 0.00 24,410,723.00 0.00 24,410,723.00 Lights Sold to Areebah
01-17-001- Cost of Sale Outdoor Lights 0.00 3,280,312.00 0.00 3,280,312.00 Lights Sold to Areebah
01-17-002- Cost of Sale Chint Breakers 0.00 17,483,205.00 10,500,128.00 6,983,077.00
01-17-002- Cost of Sale LSIS Breakers 0.00 17,725,326.00 10,248,474.00 7,476,852.00
01-17-003 Cost of Sale Stablizers 0.00 7,546,256.00 0.00 7,546,256.00 AVR Sold to Areebah
01-17-004 Cost of Sale DC Power Systems 0.00 435,795.00 0.00 435,795.00 Myson Order
01-17-007 Cost of Sale Indenting 0.00 107,517,139.00 0.00 107,517,139.00
01-17-009 Cost of Sale Services 0.00 1,927,540.00 0.00 1,927,540.00
Total Cost of Goods Sold 159,577,694.00
Selling Expense
01-18-002 Incentive Sales Staff Expense 0.00 1,349,202.00 0.00 1,349,202.00
01-18-101 Selling Fuel Expense 0.00 21,168.00 0.00 21,168.00
01-18-102 Fuel Honda City KX-494 Expense 0.00 6,260.00 0.00 6,260.00
01-18-201 Selling Vehicle Maintenance Expense 0.00 13,900.00 0.00 13,900.00
01-18-301 Mobile Phone Selling Expense 0.00 232,267.00 0.00 232,267.00
01-18-401 Tender Expense 0.00 5,000.00 0.00 5,000.00
01-18-411 Sampling Expense 0.00 46,000.00 0.00 46,000.00
01-18-421 Sale Promotion Expense 0.00 1,737,932.00 0.00 1,737,932.00
01-18-431 Research & Development Expense 0.00 3,811,008.00 0.00 3,811,008.00
Total Selling Expense 7,244,846.00
Administrative Expense
01-19-002 Incentive Office Staff Expense 0.00 989,857.00 0.00 989,857.00
01-19-101 Office Fuel Expense 0.00 27,442.00 0.00 27,442.00
01-19-103 Fuel Toyota Corolla GLI SG-678 Expense 0.00 331,104.00 0.00 331,104.00
01-19-104 Fuel Toyota Land Cruiser V8 DV-022 Expense 0.00 331,428.00 0.00 331,428.00
01-19-105 Fuel Mercedes Benz SX-200 Expense 0.00 3,297.00 0.00 3,297.00
01-19-106 Fuel Suzuki Bolan UW-243 Expense 0.00 8,656.00 0.00 8,656.00
01-19-107 Fuel Dhaitsu Mira EK-563 Expense 0.00 14,814.00 0.00 14,814.00
01-19-108 Fuel Honda CD-70 RIR-6661 0.00 10,230.00 0.00 10,230.00
01-19-109 Fuel Honda CD-70 RIK-7618 0.00 250.00 0.00 250.00
01-19-201 Office Rent Expense 0.00 864,500.00 0.00 864,500.00
01-19-203 Consumable Item Expense 0.00 50,387.00 0.00 50,387.00
01-19-204 Entertainment Expense 0.00 182,287.00 0.00 182,287.00
01-19-205 Lunch & Dinner Expense 0.00 495,485.00 3,500.00 491,985.00
01-19-206 Telephone Bill Expense 0.00 20,148.00 0.00 20,148.00
01-19-207 ELectricity Bill Expense 0.00 52,253.00 0.00 52,253.00
01-19-210 Mobile Phone Office Expense 0.00 318,794.00 0.00 318,794.00
01-19-211 Office Stationary & Printing Expense 0.00 89,163.00 0.00 89,163.00
01-19-212 News Paper Expense 0.00 972.00 0.00 972.00
01-19-213 Internet Expense 0.00 82,080.00 0.00 82,080.00
01-19-215 Postage Expense 0.00 450,108.00 0.00 450,108.00
01-19-216 Bank Charges Expense 0.00 115,154.14 0.00 115,154.14
01-19-217 Medical Expense 0.00 65,974.00 0.00 65,974.00
01-19-218 Office Maintenance Expense 0.00 17,500.00 0.00 17,500.00
01-19-219 IT Maintenance Expense 0.00 24,900.00 0.00 24,900.00
01-19-220 Office Vehicle Maintenance Expense 0.00 260,337.00 0.00 260,337.00
01-19-221 Office Bike Maintenance Expense 0.00 3,230.00 0.00 3,230.00
01-19-222 Air Travling Expense 0.00 2,741,719.00 337,900.00 2,403,819.00
01-19-223 Travelling & Conveyance Expense 0.00 943,127.00 0.00 943,127.00
01-19-224 Labour Expense 0.00 222,060.00 0.00 222,060.00
01-19-225 Transportation Expense 0.00 1,703,930.00 0.00 1,703,930.00
01-19-226 Insurance Expense 0.00 1,000.00 0.00 1,000.00
01-19-229 Miscellaneous Expense 0.00 964,200.00 0.00 964,200.00
400,000 for Implementation + 150,000 support
01-19-230 Dynamic GP / AX Consultancy Expense 0.00 821,280.00 0.00 821,280.00 service + 271280 for Annual Renewal
01-19-233 Welfare Expense 0.00 1,290,740.00 0.00 1,290,740.00

01-19-236 Donation Expense 0.00 1,572,653.00 0.00 1,572,653.00
01-19-238 Hotel Accomodation Expense 0.00 1,510,837.00 0.00 1,510,837.00
01-19-241 Office Sports Expense 0.00 4,520.00 0.00 4,520.00
01-19-242 Employer Contribution Expense 0.00 27,950.00 0.00 27,950.00
01-19-243 Legal & Professional Expense 0.00 318,575.00 158,500.00 160,075.00
01-19-245 PF Employer Contribution Expense 0.00 20,920.00 0.00 20,920.00
01-16-010 Exchange Rate Gain/Loss 0.00 671,749,126.00 670,938,547.00 810,579.00
Total Administrative Expenses 17,264,540.14
Salaries Expense
01-18-001 Salaries Sales Staff Expense 0.00 6,797,618.00 1,800,000.00 4,997,618.00
01-19-001 Salaries Office Staff Expense 0.00 4,200,163.00 900,000.00 3,300,163.00
Total Salaries Expenses 8,297,781.00
Depreciation Expense
01-20-003 Office Equipment Depreciation Expense 0.00 113,797.00 0.00 113,797.00
01-20-007 Kitchen Appliances Depreciation Expense 0.00 3,606.00 0.00 3,606.00
Total Depreciation Expenses 117,403.00
Other Expense
01-21-001 Sim Cards Commission Expense 0.00 9,482,659.00 0.00 9,482,659.00
01-21-002 Commission Expense 0.00 2,380,425.00 0.00 2,380,425.00 Pramod= 1533325 + FSL=847100 + Anas=444,608
01-21-003 Swap Project Expense 0.00 4,851,342.00 0.00 4,851,342.00 Swap + Rollout
Total Other Expenses 17,325,267.00
POWER TECH
BALANCE SHEET
AS AT JUNE 30, 2016 2016 2015
NOTES RUPEES RUPEES

CURRENT LIABILITIES
ASSETS
NON CURRENT ASSETS
Fixed Assets 4 7,914,112 10,563,211

32,166,443 37,492,093
CURRENT ASSETS
Trade Debts - Unsecured cosidered goods 9 61,752,967 39,425,187

107,061,872 115,941,370
TOTAL ASSETS 147,142,427 163,996,673
_______
Auditor Management
POWER TECH
2016 2015
NOTES RUPEES RUPEES
Sales & services 12 239,081,936 141,270,823

Less: Cost of Sales & services 13 158,263,476 72,924,653
Gross Profit 80,818,460 68,346,170
Less: Administrative & selling expenses 14 53,281,649 24,788,449

Less: Financial Cost 15 84,521 321,444
53,366,169 25,109,893
Add: Other Income/Loss 16 11,303,761 4,368,042

Less: Current Taxation 2,390,819 1,412,708
PROFIT/ LOSS AFTER TAXATION. 36,365,232 46,191,610
___________
Auditor Management
POWER TECH
CASH FLOW STATEMENT
2016 2015
RUPEES RUPEES
Depreciation 2,075,438 2,748,698
Financial Charges 84,521 321,444
2,159,959 3,070,143
CASH GENERATED FROM OPERATING ACTIVITIES BEFORE

WORKING CAPITAL CHANGES 40,916,010 50,674,461

Stock in trade 12,877,109 (12,572,418)
Trade debts (22,327,779) (35,106,012)
Advance, Deposits & Prepayments 14,124,147 (1,899,702)
4,673,476 (49,578,132)

Trade & other payables (10,526,532) 19,447,883
NET WORKING CAPITAL CHANGES (5,853,055) (30,130,249)
Income tax paid (2,390,819) (1,412,708)

Fixed Capital Expenditure - (3,099,114)
Capital work in Progress - 20,859,030
Disposal during the year 573,659 -
Increase in long term Investments - -
NET CASH FLOW FROM INVESTING ACTIVITIES 573,659 17,759,917

Long Term Loan - -
Lease Rentals Paid - (2,673,221)
Long Term Advances 5,325,649 113,610,514
Financial Charges Paid (84,521) (321,444)
NET INCREASE/DECREASE IN CASH & CASH EQUIVALENTS (4,206,022) 4,741,047

YEAR 21,376,017 16,634,970
___________
Auditor Management
POWER TECH
The Powertech is a sole proprietorship concern. The principal activities of the Proprietorship is trading & supplies of
Telecommunication items (including scratch cards) and to provide services of telecommunication equipments, machinery,
telecom towers, scratch cards etc.

These financial statements have been prepared in accordance with the applicable International Accounting Standards.
2.2 The preparation of financial statements in conformity with approved accounting standards requires management to make
judgements, estimates and assumptions that affect the application of policies and reported amount of assets and liabilities,
income and expenses. The estimates and assosiated assumptions are based on historical experience, industry trends, legal
and technical pronouncements and various other factors that are believed to be reasonable under the circumstances, the
result of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily
apparent from other sources. Actual results may differ from these assosiates.
2.3 TAXATION
CURRENT
Provision for current taxation is based on taxable income for the year determined in accordance with the prevailing law
for taxation under presumptive tax regime. The charge for current tax is calculated using prevailing tax rates.

Liabilities for trade and other payable are carried at cost which is the fair value of the cosideration to be paid in the future
for goods and services received.
2.5 PROVISIONS
A provision is recognised in the balance sheet when the entity has a legal or constructive obligation as a result of a past
event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation
and a reliable estimate can be made of the amount of the obligation.

OWNED:
These are stated at cost less accumulated depreciation. Depreciation is charged to income applying the reducing balance
method at the rates specified in NOTE 6 whereby cost of an asset is written off over its estimated useful life. On additions
depreciation is charged on monthly basis upto disposal of asset.

2.7 INVESTMENTS
Long term investments in foreign subsidiary concern is stated at cost and the carrying amount is adjusted for impairment,
(if any), in the recoverable amounts of such investments.
2.8 STOCK IN TRADE

Stock in trade is treated at the lower of cost or net realiseable value. The cost of stocks are determined on weighted
average basis. Stock in transit is stated at cost.
Net realisable value signifies the estimated selling price in the ordinary course of the business less cost necessary to be
incurred to make the sale.

Trade and other receivables are carried at origional invoice amount. Debts considered irrecoverable are written off and
provision is made against those cosidered doubtful of recovery.

Service income is recognized on accrual basis and
percentage of completion method for the services provided to the customer.
Exports indenting commission have been recognized on confirmation from the principle and its actual collection in the
period. The relative commission cost has also been recorded in the year in which it accrued.
2016 2015
RUPEES RUPEES
Opening Balance 29,845,265 145,460,637
29,845,265 145,460,637
Capital Introduced during the year 22,768,649 -
Capital withdrawn (37,561,596) (115,615,372)
15,052,318 29,845,265

Opening Balance 59,426,420 32,045,540
Add: Profit/Loss for the year 36,365,232 46,191,610
Less: Drawings (27,900,000) (18,810,730)

Closing Balance 67,891,652 59,426,420

Opening Balance 15,049,395 23,389,515
Add: Transfer from profit and loss - -
Adjustments - -
Less: Withdrawl during the year - (8,340,120)
15,049,395 15,049,395
TOTAL 97,993,365 104,321,080
2016 2015
RUPEES RUPEES
Creditor 3,345,435 6,741,318
Zakat Payable 6,235,554 9,045,339
Rent Payable - 460,000
49,149,061 59,675,593
32,038,873 37,214,523

127,570 277,570

Finished Goods 19,855,475 32,732,584
19,855,475 32,732,584

Considered Good 61,752,967 39,425,187
61,752,967 39,425,187
10 LOANS, ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER

RECEIVABLES
Advance to employees 1,166,443 2,007,805
Prepaid Rent - 8,270,514
Prepaid LC Insurance 45,413 -
Advance to related parties 1,418,179 -
8,283,436 22,407,582

Cash at bank
Local Currency 2,290,446 1,910,787
16,920,023 20,934,747
Cash in hand 249,972 441,270
17,169,995 21,376,017

239,081,936 141,270,823

Opening Stock 32,732,584 20,160,166
Purchases 145,386,367 85,497,071
178,118,951 105,657,237
158,263,476 72,924,653
158,263,476 72,924,653
Rent Expenses 1,825,000 2,235,250
Utilities 481,475 570,406
Insurance 942,500 176,416
Sales Promotion Expense 2,206,777 517,055
Depreciation (note 4) 2,075,438 2,748,698
Miscellaneous expenses 4,087,186 456,994
Hotel Accomodation 1,242,635 717,603
Commission Expense 22,386,493 -
Donationss and club memberships 50,000 15,654
53,281,649 24,788,449
15 FINANCE COST
84,521 321,444
16 OTHER INCOME
Gain/ Loss on Sale of Asset 10,549,523 3,450,707
Exchange Gain/ Loss 112,238 596,335
11,303,761 4,368,042
17 GENERAL
17.1 NO OF EMPLOYEES
17.2 Figures have been rounded off to nearest rupees.
17.3 These financial statements have been prepared by the proprietor and authorised for issue on _________
POWER TECH

COMPUTERS TOTAL
COST
As on July 1, 2015 655,829 555,678 256,132 4,028,051 1,166,975 9,475,979 275,197 12,515,627 28,929,468
Deletions during the year (655,829) - - - (1,166,975) - (275,197) - (2,098,001)
As on June 30, 2016 - 555,678 256,132 4,028,051 - 9,475,979 - 12,515,627 26,831,467
DEPRECIATION
As on July 1, 2015 435,892 472,581 186,389 3,252,772 841,144 5,071,379 247,306 7,858,795 18,366,257
Adjustments (435,892) (841,144) (247,306) (1,524,342)
For the year additions - 16,619 13,949 232,584 - 880,920 - 931,366 2,075,438
- - - - - - - - -
As on June 30, 2016 - 489,201 200,337 3,485,356 - 5,952,299 - 8,790,162 18,917,355
Written down as at June 30, 2016 - 66,477 55,795 542,695 - 3,523,680 - 3,725,465 7,914,112
Written down as at June 30, 2015 219,938 83,097 69,743 775,279 325,831 4,404,600 27,891 4,656,832 10,563,211

POWER-Curr
Monthly Trial Balance
For the Period Ended 6/30/2016
Beginning Current Ending

GL Acct Balance Activity Balance
All Accounts:
Islamabad-DEFAULT FOR PAYROLL 01-00-00000 - - -

Cash and Bank
ASKARI BANK ISB 127-032020156-5 01-01-10010 382,753 (128,896) 253,856
ASKARI BANK KHI 32-010000520-2 01-01-10011 8,375 (5,830) 2,545
ASKARI BANK KHI $ 32-050000064-6 01-01-10012 22,434,364 (8,135,290) 14,299,074
ASKARI BANK KHI EURO 32-040540001-5 01-01-10013 330,503 - 330,503
STANDARD CHARTERED BANK KHI 01-8689148-01 01-01-10014 - - -
DUBAI ISLAMIC BANK ISB 002-0004718002 01-01-10016 11,236 (1,520) 9,716
MEEZAN BANK ISB 0306-0101984335 01-01-10018 4,049 - 4,049
MEEZAN BANK ISB 0324-0101999364 01-01-10019 45,808 1,243,025 1,288,833
MEEZAN BANK ISB LC MARGIN 01-01-10020 698,700 - 698,700
CASH IN HAND ISB 01-01-10101 637,211 (387,239) 249,972
CASH IN HAND KHI 01-01-10102 - - -

Current Asset
ACCOUNTS RECEIVABLES 01-02-12001 76,857,867 (15,104,901) 61,752,967
INVENTORY 01-03-13001 19,868,508 (13,033) 19,855,475
PREPAID WAREHOUSE RENT KHI 01-04-14001 - - -
PREPAID HOUSE RENT NASEEM ALI KHAN 01-04-14002 - - -
W.H TAX ON TELEPHONE BILLS 01-04-14003 66,631 614 67,245
W.H TAX ON CASH WITHDRAWLS 01-04-14005 370,326 10,650 380,976
W.H TAX AT SOURCE 01-04-14006 4,249,481 - 4,249,481
ADV MUHAMMAD FAISAL 01-05-15001 2,018,317 (1,708,579) 309,738
ADV MOIN AHMED ABBASI 01-05-15002 6,000 - 6,000
ADV GHULAM MUSTAFA 01-05-15003 13,796 (5,000) 8,796
ADV WAQAS ZAFAR 01-05-15004 - - -
ADV MUHAMMAD SAQIB 01-05-15005 120,000 (140,567) (20,567)
ADV MUHAMMAD ANJUM SALEEM 01-05-15006 - - -
ADV MUHAMMAD NISAR 01-05-15007 61,895 (2,500) 59,395
ADV KHURAM SHEHZAD 01-05-15008 16,000 (3,000) 13,000
ADV QASIM ASGHAR 01-05-15009 125,000 (95,000) 30,000
ADV OBAID TAHIR 01-05-15010 255,420 (255,420) -

POWER-Curr

ADV HUMAUN RAFIQUE 01-05-15011 170,000 (50,000) 120,000
ADV AZHAR BAQAR 01-05-15012 - - -
ADV AHMAD ULLAH 01-05-15014 - - -
ADV ANAS SARWAR 01-05-15016 43,432 (43,432) -
ADV USMAN ALI 01-05-15017 86,000 (86,000) -
ADV MUHAMMAD SHOAIB ASGHAR 01-05-15018 - - -
ADV FAHEEM AHMED KHAN 01-05-20101 86,584 423,497 510,081
ADV NASEEM ALI KHAN 01-05-20103 130,000 - 130,000
SECURITY DEPOSIT EARNEST MONEY 01-06-21002 63,570 - 63,570
POWERTECH SARL 01-07-21201 20,228,778 1,013,200 21,241,978
POWERTECH ENGINEERING SOLUTIONS 01-07-21202 22,398,662 2,639 22,401,301
DYNASTY HOSPITALITY PVT LTD 01-07-21204 (2,185,088) 2,175,088 (10,000)
POWERTECH SARL GUINEA 01-07-21205 (12,693,853) 1,099,447 (11,594,406)
AREEBAH TECHNOLOGIES GENERAL TRADING LLC 01-07-21206 1,390,179 28,000 1,418,179
AREEBAH TECHNOLOGIES LIMITED 01-07-21207 1,017,326 (1,017,326) -

Fixed Asset
FURNITURE & FIXTURE 01-08-22001 872,170 (872,170) -
OFFICE EQUIPMENT 01-08-22002 3,817,333 (3,008,095) 809,238
TOOLS & SPARES 01-08-22003 1,575,913 (1,421,279) 154,634
KITCHEN APPLIANCES 01-08-22004 64,027 (40,627) 23,400
LAND 01-08-22005 - - -
AUTOMOBILES 01-08-22007 - - -
FIXED ASSET CLEARING 01-08-22008 - - -
FIXED ASSET PROCEEDS 01-08-22009 - - -

Current Liabilities
ACCOUNT PAYABLE 01-09-23001 (15,664,471) 12,319,037 (3,345,435)
PAYABLE MUHAMMAD FAISAL 01-09-23002 - - -
PAYABLE MOIN AHMED ABBASI 01-09-23003 - - -
PAYABLE GHULAM MUSTAFA 01-09-23004 - - -
PAYABLE MUHAMMAD SAQIB 01-09-23005 (20,000) 20,000 -
PAYABLE MUHAMMAD ANJUM SALEEM 01-09-23006 - - -
PAYABLE MUHAMMAD NISAR 01-09-23007 - - -

POWER-Curr

PAYABLE KHURAM SHEHZAD 01-09-23008 - - -
PAYABLE MUHAMMAD NAEEM 01-09-23009 - - -
PAYABLE FAIZAN AHMED 01-09-23010 - - -
PAYABLE USMAN ALI 01-09-23011 - - -
PAYABLE AZHAR BAQAR 01-09-23012 - - -
PAYABLE ABDUL WAJID 01-09-23013 - - -
PAYABLE HUMAUN RAFIQUE 01-09-23014 - - -
PAYABLE GHULAM RASOOL 01-09-23015 - - -
PAYABLE MUSTAFA MADNI 01-09-23017 (1,595,474) 24,520 (1,570,954)
PAYABLE ANAS SARWAR 01-09-23018 - (308,052) (308,052)
PAYABLE SHOAIB ASGHAR 01-09-23019 - - -
PAYABLE OBAID TAHIR 01-09-23020 - - -
PAYABLE AHMAD ULLAH 01-09-23021 - - -
PAYABLE QASIM ASGHAR 01-09-23022 - - -
PAYABLE GHULAM SARWAR 01-09-23024 - - -
PAYABLE MOIN AHMED KHAN 01-09-23025 - (750,000) (750,000)
PAYABLE STAFF ISLAMABAD 01-09-23500 - - -
PAYABLE EMPLOYEE OLD AGE BENEFIT 01-09-23600 (1,150) - (1,150)
PAYABLE FAHEEM AHMED KHAN 01-09-25001 (6,237,387) 5,427,587 (809,800)
PAYABLE NASEEM ALI KHAN 01-09-25002 (1,760,591) (805,983) (2,566,574)
PAYABLE RIZWAN ALI KHAN 01-09-25003 (3,077,500) 1,493,277 (1,584,223)

Accumulated Depreciation
ACCUMULATED DEPRICIATION FURNITURE &

FIXTURE 01-09-25201 (749,045) 749,045 -
ACCUMULATED DEPRICIATION OFFICE EQUIPMENT 01-09-25202 (1,747,197) 1,579,007 (168,190)
ACCUMULATED DEPRICIATION TOOLS & SPARES 01-09-25203 (515,472) 366,233 (149,239)

ACCUMULATED DEPRECIATION KITCHEN
APPLIANCES 01-09-25204 (22,643) 19,763 (2,880)
ACCUMULATED DEPRICIATION AUTOMOBILES 01-09-25207 - - -
PAYABLE MERCEDES SX-200 LEASE INSTALLMENTS 01-09-25301 1 (1) -

Accrued Expenses
PAYABLE INCOME TAX ON STAFF SALARIES 01-09-25401 (15,095) - (15,095)
PAYABLE SALES TAX 01-09-25402 563,269 2,325 565,594
PAYABLE OFFICE RENT 01-09-25501 - - -

POWER-Curr

PAYABLE RALPH COMMISSION 01-09-25601 (27,684,622) (2,165,533) (29,850,155)
PAYABLE PMCL COMMISSION 01-09-25602 (181,022) (772,950) (953,972)
PAYABLE SHALIMAR FILLING STATIONS BILLS 01-09-25701 124,999 - 124,999
PAYABLE ADAMJEE CO LTD 01-09-25901 (100,696) - (100,696)
PAYABLE LOGISTICS WORLD 01-09-26001 (600,024) - (600,024)
PAYABLE K&K LOGISTICS 01-09-26002 (67,586) 67,586 -
PAYABLE XPERTS LOGISTICS 01-09-26003 71,569 - 71,569
PAYABLE ECU LINE 01-09-26005 (0) 0 -
PAYABLE TOYOTA ISLAMABAD MOTORS 01-09-26501 (54,640) (5,349) (59,989)
PAYABLE SUZUKI ISLAMABAD MOTORS 01-09-26502 - - -
PAYABLE TCS 01-09-26601 - - -
PAYABLE DHL 01-09-26602 0 (16,495) (16,495)
PAYABLE BUKHARI TRAVELS 01-09-26701 (129,431) - (129,431)
PAYABLE ASKARI TRAVELS & TOURS 01-09-26702 (357,000) - (357,000)
PAYBALE SUPER TRAVELS 01-09-26703 82 (82) -
PAYABLE ZAKAT 01-09-26901 (7,121,034) 885,480 (6,235,554)

Capital
CAPITAL FAHEEM AHMED KHAN 01-10-27001 (14,536,639) 762,000 (13,774,639)
PROFIT & LOSS FAHEEM AHMED KHAN 01-10-27002 - - -
CAPITAL NASEEM ALI KHAN 01-10-27003 - - -
PROFIT & LOSS NASEEM ALI KHAN 01-10-27004 - - -
CAPITAL RIZWAN ALI KHAN 01-10-27005 (66,223) 66,223 -
CAPITAL MASOOD ALI KHAN 01-10-27007 (3,253,775) 25,000 (3,228,775)
CAPITAL MEHMOODA BEGUM 01-10-27009 - - -
PROFIT & LOSS MEHMOODA BEGUM 01-10-27010 - - -
GENERAL RESERVES 01-10-27011 (19,789,444) - (19,789,444)

Revenue
SALES 01-11-28001 (31,205,874) (12,605) (31,218,479)
SALES THROUGH INDENTING 01-11-28002 (161,945,208) (1,098,300) (163,043,508)
GAIN / LOSS ON SALE OF ASSETS 01-11-28101 (11,004,706) 455,183 (10,549,523)
SERVICE INCOME 01-11-28301 (4,866,885) (51,965) (4,918,850)
OTHER INCOME 01-11-28351 (642,000) - (642,000)

POWER-Curr

EXCHANGE RATE GAIN / LOSS 01-11-28401 (466,966) 354,729 (112,238)
INDENTING COMMISSION 01-11-28501 (34,454,162) (5,446,937) (39,901,099)

COS
PURCHASES 01-11-28601 29,452,039 9,293 29,461,332
PURCHASE FOR INDENTING SUPPLY 01-11-28602 115,925,035 - 115,925,035

Admin & Selling Exp
SALARIES SALES STAFF 01-12-29001 4,232,781 273,220 4,506,001
INCENTIVE SALES STAFF 01-12-29002 107,530 - 107,530
HONDA CITY KX-494 PETROL EXP 01-12-29011 104,791 2,500 107,291
TOYOTA PASSO EK-561 PETROL EXP 01-12-29012 95,532 - 95,532
TOYOTA PASSO EK-562 PETROL EXP 01-12-29014 88,046 - 88,046
SELLING VEHICLE MAINTENANCE EXP 01-12-29101 147,400 6,510 153,910
MOBILE PHONE SELLING EXP 01-12-29201 275,250 25,597 300,847
TENDERS COST EXP 01-12-29301 8,000 - 8,000
SAMPLING EXP 01-12-29401 55,610 34,920 90,530
SALES PROMOTION EXP 01-12-29402 1,169,847 1,036,930 2,206,777
BAD DEBTS EXP 01-12-29501 (0) - (0)
OFFICE RENT EXP 01-12-29601 1,525,000 155,000 1,680,000
NASEEM ALI KHAN HOUSE RENT EXP 01-12-29602 145,000 - 145,000
CONSUMABLE ITEMS EXP 01-12-29701 116,744 38,360 155,104
SALARIES OFFICE STAFF 01-12-29801 2,294,186 204,778 2,498,964
INCENTIVE OFFICE STAFF 01-12-29802 287,786 965,770 1,253,556
OFFICE PETROL EXP 01-12-29901 50,593 1,070 51,663
TOYOTA COROLLA GLI SD-345 PETROL EXP 01-12-29902 182,729 - 182,729
TOYOTA COROLLA GLI SG-678 PETROL EXP 01-12-29903 152,696 - 152,696
SUZUKI BOLAN UW-243 PETROL EXP 01-12-29904 143,708 - 143,708
MERCEDES BENZ SX-200 PETROL EXP 01-12-29906 57,909 - 57,909
TOYOTA LAND CRUISER V8 DV-022 PETROL EXP 01-12-29907 303,158 12,035 315,193
DHAITSU MIRA EK-563 PETROL EXP 01-12-29908 82,447 - 82,447
HONDA CD-70 RIR-6661 PETROL EXP 01-12-29909 19,970 2,510 22,480
HONDA CD-70 PETROL EXP 01-12-29910 2,350 - 2,350
ENTERTAINMENT EXP 01-12-30001 313,696 4,180 317,876

POWER-Curr

LUNCH & DINNER EXP 01-12-30002 522,450 50,205 572,655
TELEPHONE BILLS EXP 01-12-30101 95,724 7,006 102,730
ELECTRICITY BILLS EXP 01-12-30102 265,274 41,030 306,304
SUI GAS BILLS EXP 01-12-30103 24,405 - 24,405
MOBILE PHONE OFFICE EXP 01-12-30201 222,477 23,923 246,400
OFFICE STATIONARY & PRINTING EXP 01-12-30301 247,380 9,755 257,135
NEWS PAPERS EXP 01-12-30401 33,462 630 34,092
INTERNET EXP 01-12-30501 351,066 8,900 359,966
POSTAGE EXP 01-12-30701 145,797 24,595 170,392
BANK CHARGES EXP 01-12-30801 60,185 24,336 84,521
MEDICAL EXP 01-12-30901 64,530 14,500 79,030
OFFICE MAINTENANCE EXP 01-12-31001 19,721 - 19,721
IT MAINTENANCE EXP 01-12-31002 69,948 6,400 76,348
OFFICE VEHICLE MAINTENANCE EXP 01-12-31101 417,591 26,499 444,090
OFFICE BIKE MAINTENANCE EXP 01-12-31102 13,360 830 14,190
AIR TRAVELLING EXP 01-12-31201 2,761,098 173,400 2,934,498
TRAVELLING & CONVEYANCE EXP 01-12-31202 396,351 507,082 903,433
LABOUR EXP 01-12-31301 84,500 254,420 338,920
TRANSPORTATION EXP 01-12-31401 342,030 129,500 471,530
FURNITURE & FIXTURE DEPRECIATION EXP 01-12-31501 228,798 7,794 236,592
OFFICE EQUIPMENT DEPRECIATION EXP 01-12-31503 828,888 41,988 870,877
TOOLS & SPARES DEPRECIATION EXP 01-12-31504 252,888 5,110 257,998
AUTOMOBILES DEPRECIATION EXP 01-12-31506 5,208,253 - 5,208,253
KITCHEN APPLIANCES DEPRECIATION EXP 01-12-31507 2,350 154 2,504
INSURANCE EXP 01-12-31601 942,500 - 942,500
SALES TAX CONSULTANCY EXP 01-12-31702 6,700 - 6,700
DYNAMIC GP CONSULTANCY EXP 01-12-31703 181,920 20,000 201,920
MISCELLANEOUS EXP 01-12-31801 305,312 715 306,027
FAHEEM AHMED KHAN SALARY EXP 01-12-31901 9,900,000 1,800,000 11,700,000
NASEEM ALI KHAN SALARY EXP 01-12-31902 10,800,000 1,800,000 12,600,000
WELFARE EXP 01-12-32001 82,000 334,337 416,337

POWER-Curr

DONATIONS EXP 01-12-32301 50,000 - 50,000
ZAKAT EXP 01-12-32401 - - -
HOTEL ACCOMODATION EXP 01-12-32501 1,121,142 121,493 1,242,635
AUDIT FEE EXP 01-12-32601 10,000 - 10,000
SIM CARDS COMMISSION EXP 01-12-32801 13,298,358 3,289,967 16,588,324
COMMISSION EXP 01-12-32802 1,811,940 1,678,579 3,490,519
SERVICE EXP 01-12-32901 1,917,900 389,750 2,307,650
TAX DEDUCTION OF ECP EXP 01-12-33001 2,860,448 251,070 3,111,518
OFFICE SPORTS EXP 01-12-33101 26,640 - 26,640
EMPLOYER CONTRIBUTION EXP 01-12-33201 30,550 6,500 37,050
LEGAL & PROFESSIONAL EXP 01-12-33301 188,375 - 188,375
UMRAH EXP 01-12-33401 150,000 - 150,000

Current Asset
PREPAID LC INSURANCE 01-14-14100 16,856 - 16,856
PREPAID BANK CHARGES 01-14-14101 22,330 6,227 28,557

Fixed Asset
FURNITURE & FIXTURE 02-08-22001 368,980 (368,980) -
OFFICE EQUIPMENT 02-08-22002 627,745 (627,745) -

Accumulated Depreciation
ACCUMULATED DEPRICIATION FURNITURE &

FIXTURE 02-09-25201 (154,079) 154,079 -
ACCUMULATED DEPRICIATION OFFICE EQUIPMENT 02-09-25202 (360,080) 360,080 -

Cash and Bank
STANDARD CHARTERED BANK ISB 01-6430023-01 01-01-10015 32,556 - 32,556
DUBAI ISLAMIC BANK ISB 002-0004718005 01-01-10017 191 - 191

Other
W.H TAX ON ELECTRICITY BILLS 01-04-14004 99,812 - 99,812
W.H TAX ON EXPORTS 01-04-14008 290,293 - 290,293
SECURITY DEPOSIT NASEEM ALI KHAN HOUSE 01-06-21001 64,000 - 64,000
PAYABLE JACKSON DEAN 01-09-23016 (91,031) - (91,031)
RETAINED EARNINGS 01-10-27012 (31,072,947) - (31,072,947)
Total All Accounts - 0 0
Drilldown on All Accounts to view detail

POWER TECH
BALANCE SHEET
AS AT JUNE 30, 2015 2015 2014
NOTES RUPEES RUPEES

CURRENT LIABILITIES
Current portion of liabilities against assets subject to
finance lease 5 - 2,673,221
59,675,593 42,900,931
ASSETS
NON CURRENT ASSETS
Fixed Assets 4 10,563,211 10,212,795
Capital work in progress 7 - 20,859,030
10,563,211 31,071,825
Long Term Investments 8 - 51,467,093

37,492,093 151,102,607
CURRENT ASSETS
Trade Debts - Unsecured cosidered goods 12 39,425,187 4,319,175
115,941,370 61,622,191
TOTAL ASSETS 163,996,673 243,796,623
__________
Auditor Management
POWER TECH
2015 2014
NOTES RUPEES RUPEES
Sales & services 15 141,270,823 77,079,165

Cost of Sales & services 16 72,924,653 42,790,372
Gross Profit 68,346,170 34,288,793
Administrative & selling expenses 17 24,788,449 22,423,980

Financial Cost 18 321,444 923,246
25,109,893 23,347,226
Other Income 19 4,368,042 -

Less: Current Taxation 1,412,708 588,157
PROFIT/ LOSS AFTER TAXATION. 46,191,610 10,353,410
__________
Auditor Management
POWER TECH
CASH FLOW STATEMENT
2015 2014
RUPEES RUPEES
Depreciation 2,748,698 2,518,830
Financial Charges 321,444 849,429
3,070,143 3,368,259
CASH GENERATED FROM OPERATING ACTIVITIES BEFORE

WORKING CAPITAL CHANGES 50,674,461 14,309,826

Stock in trade (12,572,418) (3,704,589)
Trade debts (35,106,012) 46,633,111
Advance, Deposits & Prepayments (1,899,702) (128,801)
(49,578,132) 42,799,721

Trade & other payables 19,447,883 (10,570,086)
NET WORKING CAPITAL CHANGES (30,130,249) 32,229,635
Income tax paid (1,412,708) (588,157)

-

Fixed Capital Expenditure (3,099,114) (386,627)
Capital work in Progress 20,859,030 (180,000)
Disposal during the year - 96,375
Increase in long term Investments - -
NET CASH FLOW FROM INVESTING ACTIVITIES 17,759,917 (470,252)

Long Term Loan - -
Lease Rentals Paid (2,673,221) (2,948,392)
Long Term Advances 113,610,514 (56,032,643)
Financial Charges Paid (321,444) (849,429)
NET INCREASE/DECREASE IN CASH & CASH EQUIVALENTS 4,741,047 (35,822,581)

YEAR 16,634,970 52,457,552
___________
Auditor Management
POWER TECH
The Powertech is a sole proprietorship concern. The principal activities of the Proprietorship is trading &
supplies of Telecommunication items (including scratch cards) and to provide services of
telecommunication equipments, machinery, telecom towers, scratch cards etc.

These financial statements have been prepared in accordance with the applicable International Accounting
Standards.
2.2 The preparation of financial statements in conformity with approved accounting standards requires
management to make judgements, estimates and assumptions that affect the application of policies and
reported amount of assets and liabilities, income and expenses. The estimates and assosiated assumptions
are based on historical experience, industry trends, legal and technical pronouncements and various other
factors that are believed to be reasonable under the circumstances, the result of which form the basis of
making the judgements about carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these assosiates.
2.3 TAXATION
CURRENT
Provision for current taxation is based on taxable income for the year determined in accordance with the
prevailing law for taxation under presumptive tax regime. The charge for current tax is calculated using
prevailing tax rates.

Liabilities for trade and other payable are carried at cost which is the fair value of the cosideration to be
paid in the future for goods and services received.
2.5 PROVISIONS
A provision is recognised in the balance sheet when the entity has a legal or constructive obligation as a
result of a past event and it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

OWNED:
These are stated at cost less accumulated depreciation. Depreciation is charged to income applying the
reducing balance method at the rates specified in NOTE 6 whereby cost of an asset is written off over its
estimated useful life. On additions depreciation is charged on monthly basis upto disposal of asset.
2.7 INVESTMENTS
Long term investments in foreign subsidiary concern is stated at cost and the carrying amount is adjusted
for impairment, (if any), in the recoverable amounts of such investments.
2.8 STOCK IN TRADE

Stock in trade is treated at the lower of cost or net realiseable value. The cost of stocks are determined on
weighted average basis. Stock in transit is stated at cost.
Net realisable value signifies the estimated selling price in the ordinary course of the business less cost
necessary to be incurred to make the sale.

Trade and other receivables are carried at origional invoice amount. Debts considered irrecoverable are
written off and provision is made against those cosidered doubtful of recovery.

Service income is recognized
on accrual basis and percentage of completion method for the services provided to the customer.
Exports indenting commission have been recognized on confirmation from the principle and its actual
collection in the period. The relative commission cost has also been recorded in the year in which it
accrued. 2015 2014
RUPEES RUPEES
Opening Balance 145,460,637 145,460,637
145,460,637 145,460,637
Capital Introduced during the year - -
Capital withdrawn (115,615,372) -
29,845,265 145,460,637

Opening Balance 32,045,540 41,414,641
Add: Profit/Loss for the year 46,191,610 10,353,410
Less: Drawings (18,810,730) (19,722,511)

Closing Balance 59,426,420 32,045,540

Opening Balance 23,389,515 25,140,173
Add: Transfer from profit and loss -
Adjustments - (1,750,658)
Less: Withdrawl during the year (8,340,120) -
15,049,395 23,389,515
TOTAL 104,321,080 200,895,692

5 LIABILITIES AGAINST ASSETS SUBJECT TO FINANCE LEASES
The company has entered into agreements with leasing companies for motor vehicles. Lease rentals include
financial charges ranging from 22.6% to 26.74% per anum which have been used as discounting factors and
are payable in monthly rentals. The company has option to purchase assets upon completion of lease period.
Security deposits equal to the residual value, in respect of such arrangements have been included under
"long term deposits".
The amounts of future lease rentals and period in which these payments will become due are:
2015 2014
RUPEES RUPEES
Lease Rentals - 2,924,350
Financial Charges Allocated to Future Period 251,129

-
Lease Liability - 2,673,221
Transferred to Long Term Liability - -
Current Liability - 2,673,221
2015 2014
RUPEES RUPEES
Creditor 6,741,318 1,526,056
Staff Salaries Payable - 429,022
Advances from customers - 4,549,740
Zakat Payable 9,045,339 -
Rent Payable 460,000 170,500
Bills Payable - 852,548
59,675,593 40,227,710
7 CAPITAL WORK IN PROGRESS

Land - Poultry Farm Islamabad - 19,158,700
Cost of Construction - Poultry Farm Islamabad - 1,345,080
Other - 355,250
- 20,859,030
8 LONG TERM INVESTMENT
Equity Investment - 33,000,000

(150,000 shares of OMR 1 each)
Powertech Engineering Solutions LLC - -
Other Current Account Balances - 18,467,093
Add; Remeasurement of foreign currency balance - -

- 51,467,093
8.1 The above represents investments in foreign operations of subsidiary company in the SULTANAT of
OMAN. The latest available financial statements of the subsidiary compay as at 31-12-2012 reflected (and)
accumulated losses of OMR 130048.482. However,
management believe that no impairment in the value of investment actually occured. Losses incurred
mainly on account of construction projects not completed as well as fixed cost incurred, these losses and
fixed cost is adjusted against owners capital.
Others - 20,947,156
37,214,523 99,321,314

Earnest Money 213,570
Leased Deposits - 146,200
277,570 314,200

Finished Goods 32,732,584 20,160,166
32,732,584 20,160,166

Considered Good 39,425,187 4,319,175
39,425,187 4,319,175
13 LOANS, ADVANCES, DEPOSITS, PREPAYMENTS

AND OTHER RECEIVABLES
Advance to suppliers and others - 2,346,489
Advance to employees 2,007,805 729,944
Trade deposits - 1,353,290
Prepaid Rent 8,270,514 132,000
Advance to Contractors - 8,125,514
Advance to related parties - 2,682,480
22,407,582 20,507,880

Cash at bank
Local Currency 1,910,787 181,710
20,934,747 16,416,607
Cash in hand 441,270 218,363
21,376,017 16,634,970

141,270,823 77,079,165

Opening Stock 20,160,166 16,455,577
Purchases 85,497,071 46,399,669
105,657,237 62,855,246
72,924,653 42,695,080
Add: Transportation Cost - 95,292
72,924,653 42,790,372
Rent Expenses 2,235,250 2,452,500
Utilities 570,406 282,915
Insurance 176,416 142,342
Sales Promotion Expense 517,055 -
Depreciation (note 4) 2,748,698 2,518,830
Miscellaneous expenses 456,994 542,462
Bad Debt Expenses 147,337 268,605
Hotel Accomodation 717,603 -
Donationss and club memberships 15,654 711,742
24,788,449 22,423,980
18 FINANCE COST
Mark up paid on finance lease 251,129 849,429
321,444 923,246
19 OTHER INCOME
Other Income 321,000 -
Gain/ Loss on Sale of Asset 3,450,707
Exchange Gain/ Loss 596,335 -
4,368,042 -
20 GENERAL
20.1 NO OF EMPLOYEES
20.2 Figures have been rounded off to nearest rupees.
20.3 These financial statements have been prepared by the proprietor and authorised for issue on _________
POWER TECH

COMPUTERS TOTAL
COST
As on July 1, 2014 584,829 555,678 256,132 4,028,051 1,166,975 6,447,865 275,197 12,515,627 25,830,354
Additions during the year 71,000 - - - - 3,028,114 - - 3,099,114
Transfer during the year - - - - - - - - -
As on June 30, 2015 655,829 555,678 256,132 4,028,051 1,166,975 9,475,979 275,197 12,515,627 28,929,468
DEPRECIATION
As on July 1, 2014 411,454 451,807 168,953 2,920,510 759,686 3,970,229 240,333 6,694,587 15,617,559
For the year additions 24,438 20,774 17,436 332,262 81,458 1,101,150 6,973 1,164,208 2,748,698
- - - - - - - - -
As on June 30, 2015 435,892 472,581 186,389 3,252,772 841,144 5,071,379 247,306 7,858,795 18,366,257
Written down as at June 30, 2015 219,938 83,097 69,743 775,279 325,831 4,404,600 27,891 4,656,832 10,563,211
Written down as at June 30, 2014 173,375 103,871 87,179 1,107,541 407,289 2,477,636 34,864 5,821,040 10,212,795

POWER-Curr

ACC
SUB ACCOUNT HEAD GL Acct Balance Activity Balance
HEAD
CASH AND BANK

ASKARI BANK ISB 127-032020156-5 01-01-10010 4,713,755 (2,969,926) 1,743,829 1,743,829
ASKARI BANK KHI 32-010000520-2 01-01-10011 51,921 8,764 60,685 60,685
ASKARI BANK KHI $ 32-050000064-6 01-01-10012 24,687,028 (6,005,217) 18,681,811 18,681,811
ASKARI BANK KHI EURO 32-040540001-5 01-01-10013 342,148 - 342,148 342,148
STANDARD CHARTERED BANK KHI 01-

8689148-01 01-01-10014 73,333 - 73,333 73,333
STANDARD CHARTERED BANK ISB 01-

6430023-01 01-01-10015 32,556 - 32,556 32,556
DUBAI ISLAMIC BANK ISB 002-

0004718002 01-01-10016 1,369 (1,175) 194 194
DUBAI ISLAMIC BANK ISB 002-

0004718005 01-01-10017 191 - 191 191
CASH IN HAND ISB 01-01-10101 558,360 (138,995) 419,365 419,365
CASH IN HAND KHI 01-01-10102 10,875 11,030 21,905 21,905
CURRENT ASSETS -
ACCOUNTS RECEIVABLES 01-02-12001 (1,483,634) (5,257,684) (6,741,318) (6,741,318)
YUASA SWAP PROJECT RECEIVABLE 01-02-12003 - - - -
YUASA TP ROLL OUT PROJECT

RECEIVABLE 01-02-12004 (1,411,746) 1,411,746 - -
INVENTORY 01-03-13001 39,603,573 (6,870,989) 32,732,584 32,732,584
PREPAID WAREHOUSE RENT KHI 01-04-14001 8,125,514 - 8,125,514 8,125,514
PREPAID HOUSE RENT NASEEM ALI

KHAN 01-04-14002 217,500 (72,500) 145,000 145,000
W.H TAX ON TELEPHONE BILLS 01-04-14003 62,661 153 62,814 62,814
W.H TAX ON ELECTRICITY BILLS 01-04-14004 99,812 - 99,812 99,812
W.H TAX ON CASH WITHDRAWLS 01-04-14005 351,266 675 351,941 351,941
W.H TAX AT SOURCE 01-04-14006 3,636,194 109,900 3,746,094 3,746,094
W.H TAX ON IMPORTS 01-04-14007 339,216 (339,216) - -
W.H TAX ON EXPORTS 01-04-14008 290,293 - 290,293 290,293
ADV MUHAMMAD FAISAL 01-05-15001 13,370 (13,370) - -
ADV MOIN AHMED ABBASI 01-05-15002 - - - -
ADV GHULAM MUSTAFA 01-05-15003 571,242 (547,242) 24,000 24,000
ADV WAQAS ZAFAR 01-05-15004 16,000 - 16,000 16,000
ADV MUHAMMAD SAQIB 01-05-15005 - 613 613 613
ADV MUHAMMAD NISAR 01-05-15007 69,000 - 69,000 69,000
ADV KHURAM SHEHZAD 01-05-15008 12,000 (12,000) - -
ADV OBAID TAHIR 01-05-15010 - - - -
ADV AZHAR BAQAR 01-05-15012 - 1,000 1,000 1,000
ADV AHMAD ULLAH 01-05-15014 - - - -
ADV GHULAM RASOOL 01-05-15015 - - - -
ADV ANAS SARWAR 01-05-15016 - 68,913 68,913 68,913
ADV USMAN ALI 01-05-15017 - 1,000 1,000 1,000
ADV FAHEEM AHMED KHAN 01-05-20101 - - - -
ADV NASEEM ALI KHAN 01-05-20103 1,827,279 - 1,827,279 1,827,279
SECURITY DEPOSIT NASEEM ALI KHAN

HOUSE 01-06-21001 64,000 - 64,000 64,000
SECURITY DEPOSIT EARNEST MONEY 01-06-21002 213,570 - 213,570 213,570
AUTOCOM VEHICLES 01-06-21102 (1,250,000) 1,250,000 - -
POWERTECH SARL 01-07-21201 42,474,494 6,888,954 49,363,447 49,363,447
POWERTECH ENGINEERING SOLUTIONS 01-07-21202 31,241,830 (10,856,956) 20,384,874 20,384,874
POWERTECH ENGINEERING SOLUTIONS

LLC OMAN 01-07-21203 11,875,531 (11,875,531) - -
POWER-Curr

ACC
HEAD
DYNASTY HOSPITALITY PVT LTD 01-07-21204 (26,948,562) (5,585,237) (32,533,799) (32,533,799)
FIXED ASSETS -
FURNITURE & FIXTURE 01-08-22001 839,420 - 839,420 839,420
OFFICE EQUIPMENT 01-08-22002 2,609,003 71,000 2,680,003 2,680,003
TOOLS & SPARES 01-08-22003 1,562,463 - 1,562,463 1,562,463
KITCHEN APPLIANCES 01-08-22004 40,627 - 40,627 40,627
LAND 01-08-22005 21,482,974 - 21,482,974 21,482,974
AUTOMOBILES 01-08-22007 16,981,465 3,028,114 20,009,579 20,009,579
FIXED ASSET CLEARING 01-08-22008 - - - -
CURRENT LIABILITIES -
ACCOUNT PAYABLE 01-09-23001 10,822,542 28,602,645 39,425,187 39,425,187
PAYABLE MUHAMMAD FAISAL 01-09-23002 (176,218) (607,279) (783,497) (783,497)
PAYABLE MOIN AHMED ABBASI 01-09-23003 - - - -
PAYABLE GHULAM MUSTAFA 01-09-23004 - (48,000) (48,000) (48,000)
PAYABLE MUHAMMAD SAQIB 01-09-23005 (34,851) (602) (35,453) (35,453)
PAYABLE MUHAMMAD ANJUM

SALEEM 01-09-23006 (52,399) (601) (53,000) (53,000)
PAYABLE MUHAMMAD NISAR 01-09-23007 - (20,112) (20,112) (20,112)
PAYABLE KHURAM SHEHZAD 01-09-23008 - (15,960) (15,960) (15,960)
PAYABLE MUHAMMAD NAEEM 01-09-23009 - (8,333) (8,333) (8,333)
PAYABLE USMAN ALI 01-09-23011 - - - -
PAYABLE AZHAR BAQAR 01-09-23012 - (6,667) (6,667) (6,667)
PAYABLE ABDUL WAJID 01-09-23013 - (5,000) (5,000) (5,000)
PAYABLE HUMAUN RAFIQUE 01-09-23014 - - - -
PAYABLE GHULAM RASOOL 01-09-23015 - - - -
PAYABLE JACKSON DEAN 01-09-23016 (91,031) - (91,031) (91,031)
PAYABLE MUSTAFA MADNI 01-09-23017 (70,668) (197,357) (268,025) (268,025)
PAYABLE ANAS SARWAR 01-09-23018 (40,000) 26,667 (13,333) (13,333)
PAYABLE SHOAIB ASGHAR 01-09-23019 - (5,000) (5,000) (5,000)
PAYABLE OBAID TAHIR 01-09-23020 - (5,000) (5,000) (5,000)
PAYABLE AHMAD ULLAH 01-09-23021 - (5,000) (5,000) (5,000)
PAYABLE FAHEEM AHMED KHAN 01-09-25001 (2,224,314) (1,678,178) (3,902,492) (3,902,492)
PAYABLE NASEEM ALI KHAN 01-09-25002 - (1,106,000) (1,106,000) (1,106,000)
PAYABLE RIZWAN ALI KHAN 01-09-25003 (10,954,500) (133,848) (11,088,348) (11,088,348)
ACCUMULATED DEP -
ACCUMULATED DEPRICIATION
FURNITURE & FIXTURE 01-09-25201 (399,772) (151,223) (550,995) (550,995)
ACCUMULATED DEPRICIATION OFFICE

EQUIPMENT 01-09-25202 (446,958) (510,404) (957,362) (957,362)
ACCUMULATED DEPRICIATION TOOLS

& SPARES 01-09-25203 (33,014) (229,570) (262,584) (262,584)
ACCUMULATED DEPRECIATION
KITCHEN APPLIANCES 01-09-25204 (13,565) (6,728) (20,293) (20,293)
AUTOMOBILES 01-09-25207 (6,689,208) (1,839,095) (8,528,303) (8,528,303)
LEASE - -
PAYABLE MERCEDES SX-200 LEASE

INSTALLMENTS 01-09-25301 1 - 1 1
TAXES PAYABLE - -
PAYABLE INCOME TAX ON STAFF

SALARIES 01-09-25401 (26,236) 14,073 (12,163) (12,163)
PAYABLE SALES TAX 01-09-25402 4,416,900 127,456 4,544,356 4,544,356
ACCRUED EXP -
PAYABLE OFFICE RENT 01-09-25501 (350,000) (110,000) (460,000) (460,000)
PAYABLE RALPH COMMISSION 01-09-25601 (17,215,133) (7,865,668) (25,080,801) (25,080,801)
POWER-Curr

ACC
HEAD
PAYABLE PMCL COMMISSION 01-09-25602 (636,942) 150,120 (486,822) (486,822)
PAYABLE SHALIMAR FILLING

STATIONS BILLS 01-09-25701 125,000 (90,351) 34,649 34,649
PAYABLE ADAMJEE CO LTD 01-09-25901 (84,306) - (84,306) (84,306)
PAYABLE LOGISTICS WORLD 01-09-26001 (133,563) 25,076 (108,487) (108,487)
PAYABLE K&K LOGISTICS 01-09-26002 0 - 0 0
PAYABLE XPERTS LOGISTICS 01-09-26003 - - - -
PAYABLE WORLD OCEAN CENTRE 01-09-26004 2,147,990 (2,147,990) - -
PAYABLE ECU LINE 01-09-26005 - (36,289) (36,289) (36,289)
PAYABLE TOYOTA ISLAMABAD

MOTORS 01-09-26501 (129,668) (20,280) (149,948) (149,948)
PAYABLE SUZUKI ISLAMABAD

MOTORS 01-09-26502 (4,576) (5,300) (9,876) (9,876)
PAYABLE TCS 01-09-26601 - (7,954) (7,954) (7,954)
PAYABLE DHL 01-09-26602 - (26,689) (26,689) (26,689)
PAYABLE FEDEX 01-09-26603 - - - -
PAYABLE BUKHARI TRAVELS 01-09-26701 - - - -
PAYABLE ZAKAT 01-09-26901 2,159,999 (11,205,338) (9,045,339) (9,045,339)
CAPITAL -
CAPITAL FAHEEM AHMED KHAN 01-10-27001 (19,980,629) - (19,980,629) (19,980,629)
PROFIT & LOSS FAHEEM AHMED KHAN 01-10-27002 (11,078,548) 7,999,725 (3,078,823) (3,078,823)
CAPITAL NASEEM ALI KHAN 01-10-27003 (23,790,641) - (23,790,641) (23,790,641)
PROFIT & LOSS NASEEM ALI KHAN 01-10-27004 (19,547,184) 10,064,786 (9,482,398) (9,482,398)
CAPITAL RIZWAN ALI KHAN 01-10-27005 (26,755,748) 18,089,298 (8,666,450) (8,666,450)
PROFIT & LOSS RIZWAN ALI KHAN 01-10-27006 - - - -
CAPITAL MASOOD ALI KHAN 01-10-27007 (3,903,479) 368,346 (3,535,133) (3,535,133)
PROFIT & LOSS MASOOD ALI KHAN 01-10-27008 (728,594) 728,594 - -
CAPITAL MEHMOODA BEGUM 01-10-27009 (116,223) 116,223 - -
PROFIT & LOSS MEHMOODA BEGUM 01-10-27010 (17,625) 17,625 - -

GENERAL RESERVES 01-10-27011 (36,304,912) 8,340,120 (27,964,792) (27,964,792)
REVENUE -
SALES 01-11-28001 (4,520,929) 260,567 (4,260,361) 260,567
SALES THROUGH INDENTING 01-11-28002 (33,270,975) (4,893,740) (38,164,715) (4,893,740)
GAIN / LOSS ON SALE OF ASSETS 01-11-28101 (3,245,272) (205,435) (3,450,707) (205,435)
SERVICE INCOME 01-11-28301 (27,358,133) (3,348,934) (30,707,067) (3,348,934)
OTHER INCOME 01-11-28351 (321,000) - (321,000) -
EXCHANGE RATE GAIN / LOSS 01-11-28401 (260,542) (335,793) (596,335) (335,793)
INDENTING COMMISSION 01-11-28501 (49,042,984) (19,095,696) (68,138,680) (19,095,696)
COS -
PURCHASES 01-11-28601 4,063,966 7,723,453 11,787,418 7,723,453
PURCHASE FOR INDENTING SUPPLY 01-11-28602 25,307,771 381,871 25,689,642 381,871
ADMIN & SELLING EXP -

SALARIES SALES STAFF 01-12-29001 3,859,177 1,111,224 4,970,401 1,111,224
INCENTIVE SALES STAFF 01-12-29002 1,339,844 346,642 1,686,486 346,642
SELLING PETROL EXP 01-12-29010 20,268 - 20,268 -
HONDA CITY KX-494 PETROL EXP 01-12-29011 132,775 20,048 152,823 20,048
TOYOTA PASSO EK-561 PETROL EXP 01-12-29012 94,937 12,344 107,281 12,344
DC GENSET TRIAL PETROL EXP 01-12-29013 9,194 - 9,194 -
TOYOTA PASSO EK-562 PETROL EXP 01-12-29014 - 2,000 2,000 2,000
SELLING VEHICLE MAINTENANCE EXP 01-12-29101 268,247 17,870 286,117 17,870

MOBILE PHONE SELLING EXP 01-12-29201 122,424 8,575 130,999 8,575
TENDERS COST EXP 01-12-29301 6,000 - 6,000 -
POWER-Curr

ACC
HEAD
SALES PROMOTION EXP 01-12-29402 10,000 507,055 517,055 507,055

BAD DEBTS EXP 01-12-29501 147,337 - 147,337 -
OFFICE RENT EXP 01-12-29601 1,268,250 110,000 1,378,250 110,000
NASEEM ALI KHAN HOUSE RENT EXP 01-12-29602 784,500 72,500 857,000 72,500
CONSUMABLE ITEMS EXP 01-12-29701 60,669 2,875 63,544 2,875
SALARIES OFFICE STAFF 01-12-29801 1,972,435 1,003,985 2,976,420 1,003,985
INCENTIVE OFFICE STAFF 01-12-29802 379,337 298,859 678,196 298,859
OFFICE PETROL EXP 01-12-29901 35,265 5,000 40,265 5,000
TOYOTA COROLLA GLI SD-345 PETROL

EXP 01-12-29902 258,915 47,977 306,892 47,977
TOYOTA COROLLA GLI SG-678 PETROL

EXP 01-12-29903 188,288 30,919 219,207 30,919
SUZUKI BOLAN UW-243 PETROL EXP 01-12-29904 133,973 28,242 162,215 28,242
TOYOTA PARADO MQ-777 PETROL EXP 01-12-29905 319,066 - 319,066 -

MERCEDES BENZ SX-200 PETROL EXP 01-12-29906 43,923 11,185 55,108 11,185
TOYOTA LAND CRUISER V8 DV-022

PETROL EXP 01-12-29907 23,233 47,564 70,797 47,564
DHAITSU MIRA EK-563 PETROL EXP 01-12-29908 - 1,590 1,590 1,590
ENTERTAINMENT EXP 01-12-30001 117,230 30,006 147,236 30,006
LUNCH & DINNER EXP 01-12-30002 350,786 138,980 489,766 138,980
TELEPHONE BILLS EXP 01-12-30101 364,505 6,107 370,612 6,107
ELECTRICITY BILLS EXP 01-12-30102 165,384 17,850 183,234 17,850
SUI GAS BILLS EXP 01-12-30103 15,960 - 15,960 -
WATER BILL EXP 01-12-30104 600 - 600 -
MOBILE PHONE OFFICE EXP 01-12-30201 158,896 27,187 186,083 27,187
OFFICE STATIONARY & PRINTING EXP 01-12-30301 88,055 28,900 116,955 28,900
NEWS PAPERS EXP 01-12-30401 4,613 1,806 6,419 1,806
INTERNET EXP 01-12-30501 119,577 10,300 129,877 10,300
MARKUP EXP 01-12-30601 251,129 - 251,129 -
POWER-Curr

ACC
HEAD
POSTAGE EXP 01-12-30701 200,038 42,103 242,141 42,103

BANK CHARGES EXP 01-12-30801 61,352 8,963 70,315 8,963
MEDICAL EXP 01-12-30901 2,040 - 2,040 -
OFFICE MAINTENANCE EXP 01-12-31001 59,930 - 59,930 -
IT MAINTENANCE EXP 01-12-31002 118,828 9,000 127,828 9,000
OFFICE VEHICLE MAINTENANCE EXP 01-12-31101 652,918 48,430 701,348 48,430

AIR TRAVELLING EXP 01-12-31201 987,976 341,898 1,329,874 341,898
TRAVELLING & CONVEYANCE EXP 01-12-31202 101,016 221,915 322,931 221,915
LABOUR EXP 01-12-31301 268,400 6,500 274,900 6,500
TRANSPORTATION EXP 01-12-31401 473,133 22,650 495,783 22,650
FURNITURE & FIXTURE DEPRECIATION

EXP 01-12-31501 178,984 274,554 453,538 274,554
OFFICE EQUIPMENT DEPRECIATION

EXP 01-12-31503 61 675,041 675,102 675,041
TOOLS & SPARES DEPRECIATION EXP 01-12-31504 - 229,570 229,570 229,570

AUTOMOBILES DEPRECIATION EXP 01-12-31506 - 2,308,761 2,308,761 2,308,761
KITCHEN APPLIANCES DEPRECIATION

EXP 01-12-31507 - 6,728 6,728 6,728
INSURANCE EXP 01-12-31601 19,160 157,256 176,416 157,256
INCOME TAX CONSULTANCY EXP 01-12-31701 45,000 - 45,000 -
SALES TAX CONSULTANCY EXP 01-12-31702 13,000 - 13,000 -
DYNAMIC GP CONSULTANCY EXP 01-12-31703 10,000 - 10,000 -
MISCELLANEOUS EXP 01-12-31801 432,120 (38,670) 393,450 (38,670)
FAHEEM AHMED KHAN SALARY EXP 01-12-31901 9,900,000 (9,900,000) - -
NASEEM ALI KHAN SALARY EXP 01-12-31902 - - - -
WELFARE EXP 01-12-32001 12,000 - 12,000 -
HOTEL ACCOMODATION EXP 01-12-32501 136,073 581,530 717,603 581,530
AUDIT FEE EXP 01-12-32601 288,600 - 288,600 -
CLUB MEMBERSHIP EXP 01-12-32701 15,654 - 15,654 -
SIM CARDS COMMISSION EXP 01-12-32801 21,005,859 7,865,668 28,871,527 7,865,668
COMMISSION EXP 01-12-32802 2,249,342 783,497 3,032,839 783,497
SERVICE EXP 01-12-32901 14,567,615 1,548,030 16,115,645 1,548,030
CURRENT ASSETS - -
TAX DEDUCTION OF ECP EXP 01-12-33001 1,254,054 1,440,683 2,694,737 2,694,737
W.H TAX ON IMPORTS EXP 01-12-33002 - 339,216 339,216 339,216
FIXED ASSETS - -
FURNITURE & FIXTURE 02-08-22001 368,980 - 368,980 368,980
OFFICE EQUIPMENT 02-08-22002 627,745 - 627,745 627,745
ACCUMULATED DEP - -
FURNITURE & FIXTURE 02-09-25201 - (123,330) (123,330) (123,330)
ACCUMULATED DEPRICIATION OFFICE

EQUIPMENT 02-09-25202 (156,390) (164,637) (321,027) (321,027)
-
Total All Accounts 0 (0) 0 33,634,207
Drilldown on All Accounts to view detail

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4 PROPERTY, PLANT & EQUIPMENT

OFFICE MOBILE FURNITURE & MOTOR EQUIPMENT & LEASED

Written down as at June 30, 2018 702,220 42,545 - - - - 14,976 - 759,741

Rate of Depreciation (%) 10 20 20 30 20 20 20 20

4 PROPERTY, PLANT & EQUIPMENT

OFFICE MOBILE FURNITURE & MOTOR EQUIPMENT & LEASED

Written down as at June 30, 2019 631,998 34,036 - - - - 11,981 - 678,015

Rate of Depreciation (%) 10 20 20 30 20 20 20 20

4 PROPERTY, PLANT & EQUIPMENT

OFFICE MOBILE FURNITURE & MOTOR EQUIPMENT & LEASED

Written down as at June 30, 2020 568,798 27,229 - - - - 9,585 - 605,612

Rate of Depreciation (%) 10 20 20 30 20 20 20 20

Total Asset 365,562,832 224,939,352

Capital & Liabilities

Non Current Liabilites

Total Equity & Liabilities 363,557,692 224,939,352

Income 11 339,348,361 259,456,462

Cost of Sale 12 256,161,224 148,103,592

Gross Profit 83,187,137 111,352,870

Add: Other Income/(Loss) 13 (78,710) 4,083,161

Less: Operating Expnese 14 41,833,320 50,384,917

Less: Finance Cost 15 823,424 2,602,719

Net Profit before Taxation 40,451,683 62,448,395

Less: Current Taxation 624,484

Net Profit after Taxation 40,451,683 61,823,911

Retained Expense 129,715,563 67,891,652

Accumulated Profit C/F 170,167,245 129,715,563

INCREASE/DECREASE IN CURRENT ASSETS

NET CASH GENERATED FROM OPERATING ACTIVITES (60,325,983)

CASH FLOW FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING ACTIVITIES

4 Cash & Bank

5 Advances and Deposits

6 Owners Capital Account

9 Loan & Advances

12 Cost of Sales and Services

14 Administrative and Silling Expense

OFFICE EQUIPMENT MOBILE SETS EQUIPMENT & TOOLS LEASED VEHICLES

Written down as at June 30, 2018 1,164,369 42,546 17,280 16,411,096

Written down as at June 30, 2017 780,244 53,182 21,600 -

Rate of Depreciation (%) 10 20 20 20

1.1 INTENGIBLE ASSET 2018 2017

Account Head Acchnt haddd

01-05-010 Prepaid Duties & Taxes 0.00 2,200,470.00 26,722.00 2,173,748.00

01-06-012 Powertech LLC 0.00 512,900.00 0.00 512,900.00

machinery, telecom towers, scratch cards etc.

2.4 TRADE & OTHER PAYABLES

future for goods and services received.

2.6 PROPERTY, PLANT & EQUIPMENT

On additions depreciation is charged on monthly basis upto disposal of asset.

impairment, (if any), in the recoverable amounts of such investments.

2.8 STOCK IN TRADE

2.9 TRADE & OTHER RECEIVABLES

provision is made against those cosidered doubtful of recovery.

2.10 REVENUE RECOGNITION

3.1 PROFIT AND LOSS ACCOUNT

Less: Drawings (51,702,889) (27,900,000)

3.2 GENERAL RESERVES

7 LONG TERM ADVANCES

8 LONG TERM DEPOSITS

9 STOCK IN TRADE - FINISHED GOODS

10 TRADE DEBTS - UNSECURED CONSIDERED GOODS