CLIENT: Muhammadi Gases (Private) Limited

YEAR END: 30th JUNE 2021 PREPARED BY:

SUBJECT: FINANCIAL PERFORMANCE REVIEW Ahmed

A. SUMMARY FINANCIAL DATA

2021 2020
Profit and Loss Account
(Dfart) (Audited)
Revenue 490,363,828 355,095,150
Direct cost (493,271,491) (330,797,265)
Gross profit (2,907,663) 24,297,885
Administration & selling expenses (28,151,767) (26,261,435)
Other income 20,151,941 95,309
Finance costs (3,230,465) (5,033,424)
Loss before taxation (14,137,954) (6,901,665)
- Taxation (3,570,357) (920,432)
Profit for the year (17,708,311) (7,822,097)

2021 2020
Balance Sheet
(Dfart) (Audited)
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment - -
Long term deposits - -
Deferred taxation - -
- -
CURRENT ASSETS
Stores, spares and loose tools - -
Inventories - -
Biological assets - -
Trade receivables - -
Prepayments, deposits and advances - -
Short term investment - -
Tax refunds due from the Government - -
Cash and bank balances - -
- -
- -
EQUITY AND LIABILITIES
SHARE CAPITAL & RESERVES
Share capital 2,533,000,000 2,533,000,000
Unappropriated profit 1,545,087,773 1,251,399,623
4,078,087,773 3,784,399,623
NON-CURRENT LIABILITIES
Long-term financing, secured 1,681,019,751 85,460,616
Liabilities against asset subject to finance lease 4,750,082 4,690,525
Long term musharaka 327,934,622 49,616,315
2,013,704,455 139,767,456
CURRENT LIABILITIES
Trade and other payables 3,215,320,214 4,753,161,627
Accrued mark-up 231,441,624 426,669,914
Short-term borrowings 7,667,432,533 10,817,950,449
Loan from director - 10,892,345
Current maturity of non-current liabilities 1,221,422,799 396,360,542
12,335,617,170 16,405,034,877

B. PROFITABILITY 2021 2020

Gross profit %age -0.59% 6.84%
Net profit %age -3.61% -2.20%

C. ASSET TURNOVER 2021 2020

Revenue to Total Assets #DIV/0! #DIV/0!
Revenue to Fixed Assets #DIV/0!
### #DIV/0!

D. LIQUIDITY 2021 2020

Working Capital (12,335,617,170) (16,405,034,877)
Current Ratio - -
Quick Ratio - -