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Annual Financial Statement Overview

The document shows the balance sheet of a company from 2017 to 2021. It displays the company's current and non-current assets as well as current and non-current liabilities. Over the years, the company's total assets ranged from $2 million to $2.4 million, with current assets making up the majority. Total liabilities were between $1.4 million and $1.9 million, with current liabilities being the largest portion. Partners' equity fluctuated between $523,100 to $891,500 over the period.

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58 views1 page

Annual Financial Statement Overview

The document shows the balance sheet of a company from 2017 to 2021. It displays the company's current and non-current assets as well as current and non-current liabilities. Over the years, the company's total assets ranged from $2 million to $2.4 million, with current assets making up the majority. Total liabilities were between $1.4 million and $1.9 million, with current liabilities being the largest portion. Partners' equity fluctuated between $523,100 to $891,500 over the period.

Uploaded by

waqas akram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

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Notes 2021 2020 2019 2018 2017


ASSETS
Current
Cash and Cash Equivalents 50,000 100,000 350,000 150,000 100,000
Gross Trade Receivable 770,000 250,000 125,000 250,000 200,000
Inventories 190,600 785,600 885,600 350,000 400,000
Due from Related Parties 350,000 300,000 200,000 400,000 500,000
Advances to Suppliers 380,000 183,900 300,000 250,000 200,000
Prepayments and Others 90,000 200,000 100,000 200,000 100,000
- - - - -
Total Current Assets 1,830,600 1,819,500 1,960,600 1,600,000 1,500,000
Non-current
Fixed Assets/Property, Plant & Equipment 530,000 435,000 450,000 470,000 500,000
Investment In Financial Instruments - - - - -
Investment In Companies - - - - -
- - - - -
Total Non-Current Assets 530,000 435,000 450,000 470,000 500,000
TOTAL ASSETS 2,360,600 2,254,500 2,410,600 2,070,000 2,000,000
LIABILITIES AND PARTNERS' EQUITY
Current Liabilities - - - - -
Trade Accounts Payable 350,000 470,000 677,500 500,000 400,000
Due to Bank. 10,000 15,000 10,000 - 10,000
Advance From Customers 320,000 380,000 500,000 350,000 300,000
Due to Related Parties 190,000 250,000 200,000 120,000 100,000
Accruals and Other Payables 104,100 120,000 100,000 90,000 200,000
Zakat - - - - -
- - - - -
Total Current Liabilities 974,100 1,235,000 1,487,500 1,060,000 1,010,000
Non-current Liabilities
Long Term Debt 80,000 - - - -
End of Service Award 415,000 410,000 400,000 352,500 400,000
- - - - -
Total Liabilities 1,469,100 1,645,000 1,887,500 1,412,500 1,410,000
Partners' Equity
Capital 490,000 490,000 490,000 490,000 490,000
Statutory Reserves - - - - -
General Reserves - - - - -
Unrealized gain on investments - - - - -
Retained Earnings 401,500 119,500 33,100 167,500 100,000
- - - - -
Total Partners' Equity 891,500 609,500 523,100 657,500 590,000
TOTAL LIABILITIES AND PARTNERS' EQUITY 2,360,600 2,254,500 2,410,600 2,070,000 2,000,000

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