Muhammad Ibrahim

Profit & Loss Statement For the month of May 2020 Revenue Bootcamp Revenue 1-1 Bootcamp revenue AMZTool Revenue I.D revenue Video Bootcamp revenue Elite Bootcamp revenue Other Revenue Arbitration fee Gross Revenue Revenue Refunds Product Hunting Revenue Books revenue Refund to Customer Nos Amount Total 9,883,629 4,443,300 157,725 112,632 6,632,171 3,882,000 123,354 64,000 25,298,811 - 6,590 21,000 115,500 Revenue Paid Back Net Revenue Direct Expenses Purchases - 143,090 25,155,721 5,347,683 Total Direct Cost 5,347,683 Gross Profit Fixed Expenes Rent Multan Office rent Lahore Office Rent Peshawar Office Rent Total Salaries Wages and Salaries 5,347,683 19,808,038 250,000 48,000 298,000 3,815,515 Total Subscriptions Subscriptions Jun-20 3,815,515 33,094 Total Total Fixed Cost Variable Expenses Bank charges Marketing Exp Professional fee Freight & Courier Bootcamp Honorarium Charity Book fee Legal expenses Office Renovation Exp Satff Accommodation Total Variable Cost 33,094 4,146,-,974 3,000 496,000 641,875 800,000 96,000 20,000 2,861,200 18,313 5,423,363 5,423,363 Total Operative Expenses 9,569,972 Net Profit/Loss 10,238,066 Apr-20 Balance Sheet As on 31st June 2020 Amount Rs Assets Cash and Bank ExtremeCommerce MCB Apr-20 28,169,378 28,169,378 Total Current Assets Accounts Receivable Receivable/Payable to Net Solutions Loan to Staff Advance to Staff Advance Income Tax Advance against Offices Loan Sunny Ali (Owner) Jun-20 18,551,775 7,130,966 71,720 677,745 30,787,261 Total Non-Current Liablities Unearned Srilanka Tour fee Total 38,667,691 Total Amount Rs Liabilities Current Liabilities Accounts Payable Wages Payable Unearned 1-1 Bootcamp revenue Unearned Bootcamp revenue Unearned Elite Bootcamp revenue Unearned Incubator rent Income Tax Payable Total Total Assets 1,657,678 1,456,493 465,000 713,000 2,122,678 2,169,493 63,792,892 53,554,826 2,935,500 66,728,392 2,935,500 56,490,326 68,851,070 58,659,819 465,000 38,158,043 774,000 774,000 Total Fixed Asset Office Equipment Plot Al-Kabir Town Furniture and Fixture Computer Equipment Apr-20 461,829 42,717 682,600 470,532 Total Liablities Non-current Asset Security Deposit Jun-20 750,000 660,000 280,000 200,000 100,000 1,240,000 1,200,000 68,851,070 58,659,819 Equities Retained Earning Previous Balance of Retained Earning Profit/Loss June 2020 Total Share Capital Shaikh Kashif Ali Share Capital Drawings Total Total Equities Total Liabilites & Equities 53,554,826 10,238,066 2,935,500 Statement of Retained Earning As on 31st May 2020 Opening Balance of Retained Earning Profit/Loss June 2020 Total Amount Rs 53,554,826 10,238,066 63,792,892 Less Reserve for Taxation Profit Distrbution Any Other Reserve Total Closing Balance of Retained Earning - 63,792,892 Cash Flow Statement For the month for May 2020 Amount Rs Cash Available on 1st June 2020 Cash Inflow Receipts from customers Net Revenue Amount Rs 18,551,775 25,155,721 Total 25,155,721 Loans Received 201,185 -248,000 Change in Current Liabilities Change in Non-Current Liabilities Total -46,815 Net Cash Inflow Cash Outflow Payments to Vendors & Employees Direct Expenses Wages and Salaries Subscriptions Rent Paid Other Variable Expenses 25,108,906 5,347,683 3,815,515 33,094 298,000 5,423,363 Total 14,917,655 Payments for Assets Increase in Fixed Assets Increase in Current Assets Increase in Non-Current Assets 40,000 509,648 24,000 Total Net Cash Outflow Cash Avialbale on 30th June 2020 573,648 15,491,303 28,169,378