|
MDR GROUPS
SHIPPING CO., LLC.
|
||||
|
BALANCE
SHEET AS OF 31 DECEMBER 2010
|
||||
|
(AMOUNT
S ARE EXPRESSED IN U.A.E. DIRHAMS)
|
||||
|
|
|
|
|
|
|
Schedule
|
Exhibit A
|
|||
|
ASSETS
|
||||
|
CURRENT ASSETS
|
||||
|
Cash and Cash Equivalents
|
1
|
5,01,774
|
||
|
Accounts Receivables
|
2
|
21,70,654
|
||
|
Prepayments and Other Receivables
|
3
|
1,91,147
|
||
|
Total Current Assets
|
28,63,575
|
|||
|
Non- Current Assets
|
||||
|
Property and Equipment
|
4
|
1,26,659
|
||
|
Total Non-Current Assets
|
1,26,659
|
|||
|
Total Assets
|
29,90,234
|
|||
|
LIABILITIES AND PARTNER'S EQUITY
|
||||
|
CURRENT LIABILITIES
|
||||
|
Accounts Payables
|
5
|
12,10,108
|
||
|
Post dated Cheques Issued
|
93,591
|
|||
|
Accruals and Other Payables
|
6
|
1,84,911
|
||
|
Advance Received from Customers
|
6
|
10,257
|
||
|
Loans - Current Portion
|
1
|
17,400
|
||
|
Total Current Liabilities
|
15,16,267
|
|||
|
NON-CURRENT LIABILITIES
|
||||
|
Loans - Non Current Portion
|
1
|
23,350
|
||
|
Employee Benefits Obligation
|
30,225
|
|||
|
Total Non-Current Liabilities
|
53,575
|
|||
|
PARTNER'S EQUITY
|
||||
|
Capital
|
1,50,000
|
|||
|
Legal Reserves
|
55,539
|
|||
|
Current Account
|
7,15,000
|
|||
|
Profit for the Period
|
4,99,852
|
|||
|
Total Partner's Equity
|
14,20,391
|
|||
|
TOTAL LIABILITIES AND PARTNER'S
EQUITY
|
29,90,233
|
|||
|
MDR
GROUPS SHIPPING CO., LLC.
|
||||
|
STATEMENT
OF INCOME FOR THE PERIOD FORM
INCEPTION TO 31st DECEMBER 2010 |
||||
|
(AMOUNT
S ARE EXPRESSED IN U.A.E. DIRHAMS)
|
||||
|
Schedule
|
Exhibit B
|
|||
|
INCOME
|
||||
|
Direct Income
|
7
|
1,82,77,825
|
||
|
Direct Cost
|
7
|
1,60,84,517
|
||
|
Gross Profit
|
7
|
21,93,308
|
||
|
Other Income
|
86,422
|
|||
|
22,79,730
|
||||
|
EXPENSES
|
||||
|
General & Admn Expenses
|
8
|
-16,92,695
|
||
|
Depreciation
|
8
|
-31,644
|
||
|
-17,24,339
|
||||
|
Net Profit for the Period
|
5,55,391
|
|||
Friday, August 24, 2012
IFRS - BALANCE SHEET & STATEMENT OF INCOME
Wednesday, August 22, 2012
IFRS DEPRECIATION METHOD
|
Depreciation Entries
|
2011
|
||||||
|
Sl.No.
|
Asset Name
|
Asset
Classification |
Date
Of Purchase |
Value
from depreciation |
Rate of
Depreciation |
Depreciation
for 2011 |
Asset Value
|
|
|
|
|
|
(A)
|
(B)
|
(A)*(B)=©
|
(A)-©
|
|
1
|
Pick Up (C2A1076)
|
Motor Vehicles
|
26.11.00
|
15,801.90
|
20%
|
3160.38
|
12,641.52
|
|
2
|
Pick Up (C1A1330)
|
Motor Vehicles
|
20.10.03
|
24,173.17
|
20%
|
4834.63
|
19,338.54
|
|
3
|
Van (B1A4505)
|
Motor Vehicles
|
01.02.07
|
75,264.00
|
20%
|
15052.80
|
60,211.20
|
|
4
|
Lorry (C2A1925)
|
Motor Vehicles
|
06.10.08
|
198,062.22
|
20%
|
39612.44
|
158,449.78
|
|
5
|
Truck(C2A1930)
|
Motor Vehicles
|
20.10.08
|
230,533.33
|
20%
|
46106.67
|
184,426.66
|
|
6
|
Pick Up (C2A1841)
|
Motor Vehicles
|
17.01.08
|
119,068.44
|
20%
|
23813.69
|
95,254.75
|
|
7
|
Pick Up (C2A1999)
|
Motor Vehicles
|
22.07.10
|
287,783.33
|
20%
|
57556.67
|
230,226.66
|
|
TOTAL
|
|
|
190,137.28
|
760,549.12
|
|||
|
8
|
Laser Printer
|
Office Equipments
|
01.01.08
|
17,408.00
|
20%
|
3481.60
|
13,926.40
|
|
9
|
Color Printer
|
Office Equipments
|
01.01.08
|
332.80
|
20%
|
66.56
|
266.24
|
|
10
|
Photo Copy Machine
|
Office Equipments
|
01.03.09
|
10,666.67
|
20%
|
2133.33
|
8,533.34
|
|
11
|
A/c 18000BTU
|
Office Equipments
|
01.02.10
|
10,208.34
|
20%
|
2041.67
|
8,166.67
|
|
12
|
A/c 24000BTU
|
Office Equipments
|
01.02.10
|
13,475.00
|
20%
|
2695.00
|
10,780.00
|
|
13
|
A/C9000BTU
|
Office Equipments
|
01.02.10
|
13,883.34
|
20%
|
2776.67
|
11,106.67
|
|
14
|
A/C12000BTU
|
Office Equipments
|
01.02.10
|
8,575.00
|
20%
|
1715.00
|
6,860.00
|
|
15
|
Fax Machine
|
Office Equipments
|
01.06.10
|
14,486.67
|
20%
|
2897.33
|
11,589.34
|
|
16
|
Projector
|
Office Equipments
|
10.02.11
|
23,000.00
|
20%
|
4063.33
|
18,936.67
|
|
17
|
Phone
|
Office Equipments
|
20.02.11
|
1,340.00
|
20%
|
229.28
|
1,110.72
|
|
18
|
Television
|
Office Equipments
|
17.05.11
|
12,200.00
|
20%
|
1518.22
|
10,681.78
|
|
TOTAL
|
|
|
23,617.99
|
101,957.83
|
|||
|
19
|
File Rack
|
Furniture & Fixtures
|
01.01.07
|
2,785.28
|
20%
|
557.06
|
2,228.22
|
|
20
|
Table
|
Furniture & Fixtures
|
01.02.09
|
25,632.00
|
20%
|
5126.40
|
20,505.60
|
|
21
|
Chair High Back
|
Furniture & Fixtures
|
01.02.09
|
8,271.20
|
20%
|
1654.24
|
6,616.96
|
|
22
|
File Cabinet
|
Furniture & Fixtures
|
01.06.09
|
2,084.67
|
20%
|
416.93
|
1,667.73
|
|
23
|
Round Table
|
Furniture & Fixtures
|
01.04.10
|
7,437.50
|
20%
|
1487.50
|
5,950.00
|
|
24
|
Chair
|
Furniture & Fixtures
|
01.02.10
|
36,750.00
|
20%
|
7350.00
|
29,400.00
|
|
25
|
Table
|
Furniture & Fixtures
|
03.02.11
|
3,400.00
|
20%
|
613.00
|
2,787.00
|
|
26
|
Wifi Link Server
|
Furniture & Fixtures
|
17.12.11
|
6,417.00
|
20%
|
23.83
|
6,393.17
|
|
TOTAL
|
|
|
17,228.96
|
75,548.69
|
|||
|
27
|
Computer System
|
Computers &
Accessories
|
01.09.10
|
100,516.81
|
33.33%
|
33502.25
|
67,014.56
|
|
28
|
Computer System
|
Computers &
Accessories
|
16.11.11
|
7,700.00
|
33.33%
|
313.66
|
7,386.34
|
|
29
|
Software Application
|
Computers &
Accessories
|
07.12.11
|
8,937.43
|
33.33%
|
198.53
|
8,738.90
|
|
30
|
External Hard Disk
|
Computers &
Accessories
|
07.12.11
|
2,634.08
|
33.33%
|
58.52
|
2,575.56
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
|
34,072.96
|
85,715.36
|
|||
|
GRAND TOTAL
|
|
|
265,057.20
|
1,023,770.99
|
|||
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