‘STAR HOSPITAL LOMTED ‘Sotement ot Fane Poona at Aah, 278 (10 Jy 202) A Non cuentAssete (2) Prop and eupment 5 7608 nazis (2) tpt ee ‘ oman seman (Franc Arata ©) tnsimeinasaciies F ; (sien ta ? sok ses0con (6) Delors neat 2 7 Totton Curt Arete sarees ieee TB Comantaseets (0) tents . za30n00 200802 (2) Fant sets 0) Tate Rebates 0 en294 54 sams. (0 Cetuan cat egies " zasenats tonsa (ove eure ascot 2 asso? acon Tot Cran asst (8) arana79 5134259 Tot Asses (Ar) 5457405 Tamese OUT AND LABRITIES A aut () Serene 2 xnera0 eass020 (0) Aéanee or sae capa 2 zsrsc000 (e) Reser nd non “ os a7 Tet ssi Nem Curent Leben (0) Pane ites Boron 1s sonsriasz soso (8) npg bent aby © sess sara (©) Obernan erent abitien Z : (Prion : : {o) _oweree net ‘ ss20ro7 asco. Total Non Curent Unb Bsns Sense (0) Franc tates Sete ean ” ponsn4s0e sarscase Yece Paya 0 sraotoae asone7s (8) er Curette rs essoe2e6 name (0) Emtyen beret tay 6 ssa ssse.009 ott Conentanioes €) eae Tot ay Leben ABC) arses Th A SMISTAR HOSPITAL Seana Scanned with CamScannerSTAR HOSPITAL LIMITED Statement of Profit or Loss and Other Comprehensive income For the Perlod from tst Shrawan, 2077 to 3tst Ashad, 2078 ({6th July, 2020to 15th July, 2021) eR pee notes Ferthe Year Ended on Forthe Year Ended ‘st Ashad, 2078 on Stet Ashad, 2077 Revenue 2 997,551,884 193,995,433 Cost of sles 23 503,150,198, 143.305.15¢ {Gross proft loss) 304,401,686, 504610278 ‘Oterncome 2 6.968.448 44,204,093 Employee expense 8 131,088,531 1,801,302 Depreciation 5 40815574 3,185,118 ‘Amortization 6 2,038,998 11260222 Adrinistvatve expenses and cher expense Ey 145,059,749 30,386,139 Impairment oss - - (Operating profit (oss) 92364284, 95818497) Net finanee costs 2 48,110,360 52,004,697 Profit (loss) before staf bonus, 34.253.924 (7.913.103), Staff bonus 3.119,993) 3 oft (loss) before tax 9.931 (67,913,103) Income tx expenses of cuent year : : Income tax expenses of previous years : i Deford tncome (Expense) 8 (0452275) s975a564 [Netproft/ (loss) forthe year 22,687,655, 168.154.439) ‘Other comprehensive Income (ems that wl not be recassifed in statement of prof and losss E 5 (o) Remeasurement of defined benefit fabities ‘ : (@ Income tax relating totems that wl not be reclasidto prt cross [Foal other comprehensive income /(loss) forthe year gi 5 “Total comprehensive income 22,687,655, (60,154.439) “The accompanying notes form an Integral part ofthe financlal statements. As perourrepertt even date Pe aan ot A SISTAR HOSPITAL Scanned with CamScannerSTAR HOSPITAL LIMITED ‘Statemert of Cath Flow Fer the Period from 1st Strawan, 2077 to 31st Ashad, 2078 (18h uly, 2020 to 18th July, 2021) Particulars 7K Gash Flow from Operating Acie Ne Pred betes Tax 31,199991, Adjesent for Desrecsion pense a2asasr0 stasax7 Nettnanen cet 48,110360 s20mee7 Proven fr gatity 1.604.203 4474295 CChangein eter non cent assets - : Change in inventres| (16489490) e322 (Change in Other Curent Assets (94310429), (0938385) (Change in race recenaties (98,154.28) soe (Change in eter non caren abies : : (Change shrt tem oan 103,169350 ssaogont CChangein erloyes tenet Kaitos (1.284273) 11203689 (Change invade payates re 839 tonorza7 (Change in cher eure Habits 4235650 (4.766.198) Payeret of oatuty (24,360) (202604) Pr period emense : (1.200) Incca tax Pals - - Tet Gash Fow trom Operating Actes ESS ALE ‘ECashFlow hom Financing Actes CChangesin Share Capa 91642000 129,000000 ‘Changes in Long Term Loan (s7aszs07) (63.333,707) Nettrance cost @s,tt02360) (s20s.sa7) nerd Pais ‘et Cash Few am Financing Retves @) ea, ‘C.Cash Flow from investing Activities ‘Slo(Purcnce) of Tangtle Fd Assets (16826137) (s5012255) ‘SalePrchase of tangs Assets (1911015) (2500.00) Sat Purhesefnvesmers ooee330) - ‘Net Cash Flow from vesting Aetviies @) eo.6. (Bisa, Tt erenvebecreaue) in Cash and Cash Equvalente (23) Tas Tas ‘Cash end Cash Enuvoiensattegnang fe yeaa oes 2247910 ash and Cash Equivalents at endof the yearperiod EE 52,348 ‘Gast and Cash Equivalents at end ofthe yearperied 668348 see eo ‘Ganponents of Gash and Goan Eguvaionts aa 08384 SSR Cashinnand 2129.89, 309.833 atence with Banke Bist ei002 505 ‘Aa parca parol even cae AY iL rs Scanned with CamScannersoquayy preog wobeyeyy eT RUE sequen poe sequent og Seneca eee aang ire NODDY PACU bt ‘Sejea0ssy ONS cena 299020 ROHL nowedra eiep uane jo uodai no 10d sy a sequoyy pxeog soquioyy piso sequeyt prog eyoyemY epueYD BUEsER 3 Ee Batons euruy redon uncnyey :o20%<) a0 Aarne 1ocwoyt eyed fesen, 7 9S7'790'819 (czz'eye'ssz) GLz'8Eb'06) lt 8102 pua peysy je souejeg ‘oozre'6s (ooo'OOs Tse) over Z4e Jee ou Buunp waunsnipyuorpPY 7 2) 0 Jou ouscouy anisuayaxdu gs9'ze9'7z 9s9'299'27 weak ay. jwowereisount ooserses (elesev'ez) elzeevosr _oov'o0szse aoe ves oe 2202 pus peusy 18 souEIeR (000°00068 ‘OOF LPe Ee ‘006 Zs9°SS 480K ay) Buunp Uouppy x8} Jo YoU Bw.00U anisuayaidwied :2410) 280K Ou 40} WOled qwawarersoyquaunsnipy eco'eee v5 (orr'oezore) Gur eerocr _oosesrvez oor La Ore 9202 WeMEINS |e SDUEER Aynba revo, wan ares ‘OATOSOu pouyeroy uonenjeacy 405 ooueapy THEES OHEUS eydeg oueys sueinoqied (1202 ‘Aine Mist 04 oz02 “Aine \HOH) 9z0z “PEUSY IBLE 03 Z0z ‘WEMEINS 18} WON PoUOd OM) 404 o ALINDA NI SAONVHO dO ANAWALVLS GALIWIT W1IdSOH YVLS v Scanned with CamScannerStar Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees 4. Reporting entity Star Hospital Limited ("The Company’) is limited liability company domiciled in Nepal registered under Company Act, 2063. The address of its registered office|is Ward No.2 Sanepa, Kathmandu, Nepal. The company Is registered as public limited company on 15 Baisakh 2067 with registration number 1232/086/067. The main aim for establishment of the hospital is to provide quality health care facility in the people. 44 Board of Directors ‘The composition of Board of Directors as on 31st Ashad 2078 is as follow: Name Position Kishor Kumar Mahajan Executive Chairman Er. Basanta Chandra Marahatta Director ‘Navaraj Pokharel Member Secretary Dr. Shail Rupakhet ‘Arun Lal Shrestha & ‘Chandra Maharjan TTitha Lal Maharjan ‘Santa Man Maharjan Kiran Mahajan. Dr. Rajeev Shestha Tndependent Director Dr. Sailesh Pradhan. Independent Director 1.2 Substantial Shareholders Following are the shareholders of the hospital having shareholding exceeding 1% of the total paid up capital as on 31st Ashad 2078: S.No. Name of Shareholders Value: 1 ‘Subha Shree Holding Private Limited '57,505,000.00 2 Dr. Binita Pradhan. 450,000.00. 3 Tirtha Lal Maharjan 40,763,000.00, 4 ‘Samundra Kaji Maharjan 410,000,000.00 5 Ramesh Maharjan. 40,000,000.00 6 ‘Chandra Maharjan. '33,703,000.00 7 ‘Santa Man Maharjan 11,903,900.00 @ & Kishore Kumar Maharjan 10,489,000.00 Total 182,813,300.00, 2. Basis of Preparation The company while complying with the reporting standards, makes critical accounting judgement as having potentially material impact.on the financial statements. The significant accounting policies that relate to the financial statements as a whole along with the judgements, made are described herein. ‘Where an accounting policy is generally applicable to a specific item, the policy is described within that relevant note. NFRS requires the company to exercise judgement in making ‘accounting estimates. Description of such estimates has been given in the relevant sections a" ave been ap Page 1 of 23, ‘Scanned with CamScannerA 4 A /Star Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees 24 22 23 24 25 2.54 252 Statement of compliance ‘The financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRSs). ‘The Board of Directors of the company acknowledges the responsibilty of preparation of financial statements of the company. The financial statements were authorized for issue by the Board of Directors on 2078/09/04. Reporting Pronouncements ‘The company has, for the preparation of financial statements, adopted the NFRS pronounced by ASB. NFRS conform, in all material respect, to Nepal Financial Reporting Standards (NFRS) as issued by the Nepal Accounting Standards Board (NASB). Going concem assumption ‘The financial statements have been prepared on a going concer basis where the accounting policies and judgements as required by the standards are consistently used and in case of deviations disclosed specifically. Basis of measurement ‘The Financial Statements have been prepared on an accrual basis except for cash flow information and financial instrument measured at fair value. Presentation ‘The financial statements have been presented in the nearest Nepalese Rupees. For presentation of the statement of financial position assets and labilties have been bifurcated into current and non- current distinction. ‘The statement of profit or loss and other comprehensive income has been prepared using dlassification ‘by nature’ method. ‘The cash flows from operation within the statement of cash flows have been derived using the indirect method. Functional and presentation currency Financial statements are denominated in Nepalese Rupees, which is the functional and presentation currency of the company. Current and Non-Current distinction Assets Except property plant and equipment, intangible assets investment in subsidiaries, and deferred tax assets, all the assets are taken as current assets unless specific additional ‘isclosure Is made in the notes for curent and non-current distinction. Liabilities Except long-term borrowings and defined benefit plan obligations all the Habiliies assets are taken as current liabilities Al additional disclosure is made in the notes for current WA! Peg Page 2 of 23 SA RESTOR Scanned with CamScannerA ‘star Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees 26 27 28 29 Accounting policies, accounting estimates and judgements The company, under NFRS, is required to apply accounting policies to most appropriately sult its circumstances and operating environment. Further the company is required to make judgement in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the financial statements, This may later be determined that a different choice could have been more appropriate and actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to ‘accounting estimates are recognized prospectively. Further, management uses valuation techniques to determine the fair value of financial instruments. This involves developing estimates and assumptions consistent with how market participants would price the instrument. Management bases its assumptions in observable data '88 far as possible. Estimated fair values may vary from the actual prices that would be achieved in an arm's length transaction atthe reporting date. ‘Accounting policies have been included in the relevant notes for each item of the financial ‘statements. The effect and nature of the changes, if any, have been disclosed. NERS requires the company to make estimates and assumptions that will afect the assets, liabilities, disclosure of contingent assets and liabilities, and profit or loss as reported in the financial statements. The company applies estimates in preparing and presenting the financial statements. The estimates and underlying assumptions are reviewed periodically. Revision to accounting estimates are recognized in the period in which the estimates are revised and applied prospectively. Disclosures of the accounting estimates have been included in the relevant section of the notes wherever the estimates have been applied along with the nature and effect of changes of accounting estimates, if any. Determination of fair values ‘The Company's accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and labiliies. When applicable, further information ‘about the assumptions made in determining fair values is disclosed in the respective notes. Financial Periods The company follows the Nepalese financial year based on the Nepalese calendar. Events after the reporting date. ‘The materiality of the events after the reporting date has been considered and appropriate ‘adjustments and provisions have been made in the financial statements wherever necessary. ‘The board of directors has not proposed any dividend during the year. Capital Management ‘The company manages its capital to ensure that the Company will be able to continue as a going concern while maximizing the returns to stakeholders. Currently, the company is not ‘Subject to any externally imposed capital requirements. “The Company's management reviews the capital structure of the Company on a regular basis. Js part of this review, the management considers the cost of capital and the risk associated TROP ee o7 Page 3 of 23 Scanned with CamScannerff (Star Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees 4, Risk Management Framework The Company's board of directors has overall responsibilty for the establishment and oversight of the Company's risk management framework. The Company's risk management policies are established to identify and analyses the risks faced by the Company to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and Company's activities. The Company aims to maintain a ciscilined and constructive control environment in \which all employees understand their roles and obligations. ‘The Board of Directors oversees how management monitors compliance with the Company's risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. 44° Credit risk management Credit risks the risk of financial loss to the Company ifa customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's receivables from customers. The management does not believe that the Company has any exposure to credit risk 42 Market risk management ‘Market risk is the risk that changes in market price, such as foreign exchange rates, interest rales and equity prices will affect the Group's income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk ‘exposures within acceptable parameters, while optimizing the return. The Company currently thas no transactions which expose it primarily to the financial risks of changes in interest rates, equity prices etc, 4.3. Liquidity risk management Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations astociated with its financial labiltes that are settled by delivering cash or another financial eset The Company's approach to managing liquidity is to ensure, as far as possible, that will ‘lvays have sufficient iquidity to meet it liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation. 5. Property, plant and equipment @ Property, plant and equipment are tangible items that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and are expected to be used during more than one period. Property, plant and equipment are stated at the cost less accumulated depreciation and accumulated impairment losses. a. Basis of Recognition Property, plant and equipment are recognized as per NAS 16, when its probable that future Economie benefits associated with the assets will low to the Company and cost of the asset ccan be reliably measured. b. Basis of Measurement ‘Anitem of property, plant and equipment that qualifies for recognition as an asset is measured ATits cost. Cost includes expenditure that is directly atiibutable to the acquisition of the asset ahd cost incurred subsequently to add to, replace part of, or service it. The cost of sel- anMetructed assets includes the cost of materials and direct labor, any other costs rectly Sttnbutable to bringing the asset to a working condition for their intended use and the edsts of Gismanting and removing the ilgms and sestoring the ste on which they are located. 4 Qe ae De Use HOSPITAL 4 Scanned with CamScanner4 A Al 4 Star Hospital Limited Notes to the financial statements for FY 2077/78 | amount in Nepalese Rupees Land has been revalued as on 1* Shrawan 2075 to its f ‘deemed cost on that date as provided by NFRS 1. value and has been assumed as Subsequent costs The cost of replacing part of an item of property, plant and equipment is recognized in the carrying amount of the item if itis probable that the future economic benefits embodied within that part will flow to the Company and its cost can be measured reliably. The costs of day-to- day servicing of propery lant and equipment are ‘charged to the statement of profit or loss as incurred, Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset plus and incidental costs related to acquisition. Depreciation is recognized so as to write of the cost of ‘asset less their estimated residual values over their estimated useful Ife using the straighine method of each item of property, plant and equipment, since this most closely reflects the expected pattem of consumption of the future economic benefits embodied in the asset. ‘The estimated useful lif, residual value and depreciation methods are revised at the end of ‘each reporting period, with the effect of any change in estimates accounted for on a prospective basis. ‘The depreciation method has been changed to Straight Line Method from financial year 2074- 75, Such effect of a change in an accounting estimate has been recognized prospectively as per Nepal Accounting Standards 08 “Accounting Policies, Changes in Accounting Estimates fnd Errors". The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on ‘a prospective basis. “The estimate lfe of various classes of assets are as follow: S.N._| Types of assets Estimated useful lives 1 Building 30 Years 2 Furniture & fixture 6 years 3__| Office Equipment Years 4 Computers & Printers 6 Years 6 | Vehice T Years 6 _| Plant & machinery 10 Years De-recognition “The carrying amount of an item of property, plant and equipment is derecognized on disposal ‘or when no future economic benefits are expected from its use or disposal. The gain or loss ‘rising from the de recognition of an item of property, plant and equipment is included in Statement of profit or loss when the item is derecognized. When replacement costs are recognized in the carrying amount of an item of property, plant and equipment, the remaining ‘carryfig amount of the replaced partis derecognized. Major inspection costs are capitalized. Atea! ‘such capitalization, the remaining jing amount of the previous cost is derecognized. x y 4A : “h A, Page 5 of 23 a0 / i reSHan Scanned with CamScanner£2j09 98eg Scanned with CamScanner GOSTAY eOreessar _SeevaeT __ezoTIWT ese oerey SoeSOT EE CrVOeE OS oOvTEO OF sresiz0ss Socledes roSt90z — iseeze OENSEEZ 265050 COSTZLGLP 000 Zz0 or ZeFTLO VEL LS TETSS SOT «OSC __—COE'S cae ees CESS yis'sieor ___96'996°S1__gas'eor eue'ssz eesteze') _sev'ozs'c __gs't6s'o1 280K oi 10} uoneaidag BiozezOrs _eseTrerEL _bee'OrOTT ___vez'ZOL sister z9v'209's_— ze z9¥6r zoe Ainr she eoueieg 3 9 eu povosi'er zoo g01'999 zsezers __zuo'vor'et- 189K 01910} uonepaideg errpesso _vav'ora CovTzES Zoresez____svevory __esz000ze Broz Any ap ye oh = woneiseideq DOSCET SECT OLOCLOTSE _SBEDIEE ECVE —-LVOPISTYCLOSTOSTY ORE CRTZIS OO TEU Toe AF She 08 = woReIaG, Les'isz'ess _z99'J00'8__o0ss4z ors'be8 Ziv'ess'bE _sov'oresz __s0z'009'er vonppy toe Zzv ENT —aso'areZ91 _savZor'e _Zav'sas'| _sospou’s _@s4'tss'p1 _pav'sat'ezs__c00 220 20F zoe Mar spe eoueres = TaRaiea sov'zio'ss __zeo'ece'es __oss'ezs'z_——ose'vzs. ses'eev'9 _20'ue'Ve uonppy. Eo'SOV'SLOT Ser taONS) SEBEL zee b90'F ZiSSIS ___COveeL6y 000 TZ0TEOF hoz Ar ope eoueiea 09 TasunSeH so asa sa were aT : = oaaE ween ‘eiea WOIUCA @ esepiginga’. aauo. pomeng Sweura puey nonved ‘SoaGny OSo[edaN U| JUNOWE TV “~ 8L/LL0T Ad 0} squoWayeIS [e/UEUI) BUN 02 SBION ™“N e e pam }eudsoH sesf Star Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees Intangible assets ‘An intangible asset is an identifiable non monitory asset without physical substance held for use in the production or supply of goods or services, or for administrative purpose. Basis of recognition Intangible assets are recognized if it is probable that th future economic benefits that are attributable to the asset wil flow to the entity and the cost of the assets can be measured reliably. uired 8% with finite lives Intangible assets with finite useful lives that are acquired separately are carried at cost less accumulated amortization and accumulated impairment losses. Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. Amortization Intangible assets amortized over their estimated useful economic life on a straight-line basis. They ‘are assessed for impairment whenever there is an indication that the intangible asset may be impaired. ‘Amortization methods, useful lives and residual values are reviewed at each reporting date. ‘The estimate life of various classes of assets are as follow: SN Types of assets Estimated useful lives 1 ‘Software 5 Years . De-recognition ‘An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use and subsequent disposal Particulars: Software 1 Cost Balance at 16 July 2019 7.427.708 ‘Additions {500,000 Deletion - Balance at 15 July 2020, 3,627,708 ‘Baance at 15 July 2020 19,627,708 ‘Additions, 4,911,015, Deletion : ‘Balance at 75 July 2021 44,536,723) “Amortization Balance at 16 Juy 2019 3,347,042 ‘Amortization forthe year 4,280,222 Disposal E ‘Balance at 15 July 2020, s07, 264, Balance at 17 July 2019 1,607,264 ‘Amortization forthe year 2,038,996 Disposal is Balance at 15 july 2021 E45 260 Carrying Amounts ‘As af 15 July 2020 5,020,444 ‘As at 15 July 2021 43892,463) ak an Page 7 of 2 Shot kee = KES / Scanned with CamScannerStar Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees 7. Investments Itincludes investment in subsidiaries as follows: 34st Ashad, Particulars peter Siar Academy Ltd, 70,050,000, 10,050,000 Modem Technical College 5,000,000 8,000,000 Star Nuwakot Hospital 1,250,000 : ‘Advance for Investmentin Star Nuwakot 8.794.334 Total 75,094,334 65,050,000, 8. Deferred tax Deferred tax is recognized in respect of temporary dilerences between the carying amounts of assets and iabities for financial reporting purposes and the amounts used for taxation purposes. “The measurement of deferred tax reflects the tax consequences that would follow the manner in which the Company expects, at the end ofthe reporting period to cover or settle the carrying amount ofits assets and liabilities. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and labilties are offset if there is a legally enforceable right to offset current tax labillies and assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax Labiltes and assets ‘on a net basis or their tax assets and labilties willbe realized simultaneously. 'A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that the future taxable profits wil be available against Which they can be utlized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that itis no longer probable thal the related tax benefit will be realized, based on the level of future taxable profit forecasts and tax planning strategies. Deferred tax liabilties are recognized for all taxable temporary differences. ‘The component of Deferred Tax is created applying current tax rate @ 25%. Deferred Tax Deferred Tax For FY 2076/77 aii Liability, ‘Gratuity Provision 1,231,190 ~ PPE - 7,454,842 Land = 63,379,426 Accumulated Loss 66,848,275 a Closing Assets/(Liabllity) (2,754,803) Opening Asset(Liability) (22,513,468) Trfd to OCI Income/(Expens . Tifd to PL Incomel(Expense) 19,758,664 Scanned with CamScannerf / _/ Star Hospital Limited Notes to the financial statements for FY 2077/78 A Allamount in Nepalese Rupees f 10. 1. Deferred Tax Deferred Tax For FY 207778 Asset Liability Gratuity Provision 1.823,724 Pe 10,302,888 Land 63,379,426 ‘Accumulated Loss 60,851,523 Closing Assets/(Liablity) (17,207,078) Opening Asset(Liabitty) (2,754,803) Transfer to OCI Incomel(Expense) : Transfer to PL IncomeExpense} 8.452.275) lventorios Inventories of all medicine's items, stores (Ike lab material and other consumables) including stationeries and housekeeping are measured at cost. Cost of inventories includes cost of purchase ‘and other cost incurred in bringing the inventories to their present location and conditions. BistAshad, StstAshad, Particulars aR Barr ‘Star Hospital (A) Consumable Stores 4401638 1,130,566 PCR Stock 8.235.615, - Star Pharmacy (8) Phamacy-Sub Store 46.780850 11,774,836 Total 729,398,893 12,905.402 Trade receivables ‘The trade receivable is non-interest bearing. The camying amount of trade and other receivable approximate their fair values at the respective reporting dates. Ee ‘BietAshad, _ SistAshad, Particulars Oat BGrr ‘Star Hospital (A) Hospital Receivables 76228873 10,707,711 ‘Star Pharmacy (8) Pharmacy Receivables 13065281 2.431.820 Total 39,294,154 13,139,531 Gash and cash equivalents Cash and cash equivalents comprise cash on hand and demand deposits, together with other short- term, highly liquid investments maturing within £0 days from the date of acquisition that are reacly ‘convertible into known amounts of cash and which are subject to an insignificant risk of changes in valve. “The camying amount of cash and cash equivalents are representative oftheir fair values as at the respective reporting date, Scanned with CamScannerstar Hospital Limited Notes to the financial statements for FY 2077/78 All amount in Nepalese Rupees. ‘BistAshad, 3tstAshad, Particulars 2078 2077 Cashin hand 809,833, Balances with Banks 40,042,515 Total 23,600,311 10,052,340 Cash In hand Includes the following: ‘BistAshad, 31stAshad, | Particulars, Sea Aaa ‘Star Hospital (A) Cashin Hand 1,650,756, 330,176 Star Pharmacy (8) Cash in Hand 285,097 479,656 Gheque in Hand 190,837 © Counter Collection 3,200 "Total 2,179,000 809,833 Balances with banks Includes the following: BistAshad, _ 3istAshad, Particulars sare Darr ‘Star Hospital (A) Citizen Bank 104 (R) 97,820 97,820 Citizen Bank 38 (M) 2,663,098, 1,494,064 ‘Mahalaxmi Bikash Bank 76,915 "238,203 Prabhu Bank Ltd 260,744 839,253 Senima Bank Limited 10,829,600 5,929,168 ‘Star Pharmacy (8) Citizen Bank Intemational Ltd 7,810,243, 1,444,007, Total 721,536,421 10,042,515 412, Other Current Assets “The fair value of other current assets approximates their carrying value in the statement of financial @ position. eee HstAchad, sist Ashad, I Particulars: ert cor ‘Star Hospital (A) ‘Advance Tax 1696993 1.421,941 ‘Advance to Creditors 26610978 7,564,040 Other Advance ‘281,508 2,770,900 Prepaid Expenses 972,149 277,508 Staff Advance - 414,753 Bank Guarantee : 30,000 LC Margin 4533895 1,284,395 Other Advances ‘430,092 1,257,311 Deposits 616,000 "200,000 VAT Recehables = 6,005,729 Star Pharmacy (8) ‘Advance to Creditors 119,131 31,739 Staff Advance 478,858 178.656 Total 5a47,402 721,136,973) @ DP ts = pas a Scanned with CamScanner