Hamza Khan

MODISOFT (PRIVATE) LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2019 Note No. ASSETS Non Current Assets Property, plant & equipment - to- 2019 Rupees Rupees 3 2,484,304 1,142,696 4 5 6 130,331 2,085,940 686,082 2,902,353 5,386,657 13,090 724,000 1,255,578 1,992,668 3,135,364 Current Assets Advance tax Advances / security deposit Cash and bank balance CAPITAL AND LIABILITY Authorized capital 10,000 ordinary shares of Rs.100/= each Issued, subscribed and paid up capital 4,000 Ordinary Shares of Rs.100/= each Accumulated profit Current liabilities Trade & other payable 7 1,000,000 1,000,000 400,000 660,952 1,060,952 400,000 18,542 418,542 4,325,706 5,386,657 2,716,822 3,135,364 The annexed notes 1 to 10 form an integral part of these financial statements. _________________ Chief Executive __________ Director MODISOFT (PRIVATE) LIMITED STATEMENT OF PROFIT OR LOSS AS AT JUNE 30, 2019 Note No. Income - to- Rupees 2019 Rupees 14,494,466 1,321,372 (13,806,467) (1,296,837) (45,589) (5,994) (13,852,056) (1,302,830) Less: Expenses Administrative expenses Financial charges Profit for the year Profit brought forward 8 642,410 18,542 18,542 - 660,952 18,542 The annexed notes 1 to 10 form an integral part of these financial statements. _________________ Chief Executive __________ Director MODISOFT (PRIVATE) LIMITED User Id :- Password: 20March2011 MODISOFT (PRIVATE) LIMITED STATEMENT OF CASH FLOWS AS AT JUNE 30,- Rupees - to- Rupees CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation Add: Depreciation Operating Profit / (Loss) after adjustments Income tax paid Changes in working capital: Decrease / (Increase) in loans & advances Decrease / (Increase) in Trade and other payable Net cash inflow from operating activities 642,410 604,059 1,246,469 (117,241) 1,129,228 18,542 35,976 54,518 (13,090) 41,428 (1,361,940) 1,608,884 246,944 1,376,172 (724,000) 2,716,822 1,992,822 2,034,250 (1,945,667) (1,945,667) (1,178,672) (1,178,672) CASH FLOW FROM INVESTING ACTIVITIES Capital expenditure Net cash (outflow) from investing activities Net Increase in cash & cash equivalent Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (569,495) 1,255,578 400,000 686,082 1,255,578 The annexed notes 1 to 10 form an integral part of these financial statements. ____________ Chief Executive 855,578 ________ Director MODISOFT (PRIVATE) LIMITED STATEMENT OF CHANGES IN EQUITY AS AT JUNE 30, 2019 Issued Subscribed and paid-upCapital Rupees Balance as at July 1, 2018 Profit for the year 400,000 - General Reserves Unappropriated profit Total Rupees Rupees Rupees - - 400,000 - 18,542 18,542 Balance as at June 30, 2018 400,000 - 18,542 418,542 Balance as at July 1, 2018 400,000 - 18,542 418,542 - 642,410 642,410 - 660,952 1,060,952 Profit for the year Balance as at June 30, 2019 400,000 The annexed notes 1 to 10 form an integral part of these financial statements. __________________ ________________ Chief Executive Director ( Page No.2 ) 2019 Rupees - to- Rupees 3. 4. 5. 6. 7. PROPERTY, PLANT & EQUIPMENT -See annexed sheet ADVANCE INCOME TAX U/S 236 U/S 235 U/S 231-A ADVANCES / SECURITY DEPOSITS Loan to staff Security Deposit CASH AND BANK BALANCES Cash in hand United Bank Limited 1,142,696 9,803 38,265 82,263 130,331 206 3,620 9,264 13,090 1,140,000 945,940 2,085,940 724,000 724,000 29,422 656,660 686,082 2,964 1,252,614 1,255,578 3,004,395 77,502 101,000 157,500 952,476 23,273 9,560 4,325,706 2,402,849 101,000 10,800 200,250 1,923 2,716,822 287,800 73,720 171,864 150,000 604,059 20,000 316,241 122,250 33,900 621,686 56,444 12,500 13,673 30,000 35,976 33,673 29,998 9,000 126,452 - 32,000 91,825 127,133 8,989,965 840 120,000 10,722 399,214 465,917 100 TRADE AND OTHER PAYABLE Advance from customers Account payable to vendor Director's Loan EOBI Payables Payroll Liabilities Withholding tax on goods & services WHT Payable - Salaries 8. 2,484,304 ADMINISTRATIVE EXPENSES Accounting Consultancy Fee Advertising and Promotion Annual Bonus Building Maintenance Depreciation Expense Dues and Subscriptions Electricity Expense EOBI Employer Contribution Insurance Expense Internet Broad Band Charges Meals and Entertainment Miscellaneous Expenses Office Maintenance Office Supplies Payroll Expenses Postage and Courier Cont'd….P/3 ( Page No.3 ) 2019 Rupees - to- Rupees Professional Fees Rent Expense Repair & Maintenance Telephone Expense Travel Expense WHT Payable - Rent WHT Payable - Salaries 9. 100 1,997,843 68,720 34,789 5,-,806,467 DATE OF AUTHORIZATION FOR ISSUE These financial statements were authorized for issue by the Board of Directors meeting held on ________________ 10. GENERAL The figures have been rounded off to the nearest rupee. The annexed notes 1 to 10 form an integral part of these financial statements. ______________ Chief Executive ___________ Director 2,244 7,368 1,296,837 PROPERTY, PLANT AND EQUIPMENT C AS AT PARTICULARS JULY 1, 2018 O S ADDITION / (DELETION) DURING THE YEAR T D E P R E C I A T I O N AS AT JUNE 30, 2019 Computer Furniture & Fixture Generator Mobile Phone 178,672 1,000,000 - 396,000 1,374,752 174,915 574,672 1,374,752 1,000,000 174,915 Total June 2019 Rupees 1,178,672 1,945,667 3,124,339 Total June 2018 Rupees 1,178,672 - 1,178,672 AS AT RATE JULY 1, ADJUSTMENT FOR THE % 2018 DURING YEAR THE YEAR- - WRITTEN AS AT DOWN JUNE 30, 2019 VALUE AS AT JUNE 30, 2019 2,643 33,333 - - 171,609 206,213 200,000 26,237.25 174,252 206,213 233,333 26,237 400,420 1,168,539 766,667 148,678 35,976 - 604,059 640,035 2,484,304 - - 35,976 35,976 1,142,696