Audit Report -2023-2024

Ahmed Yusuf & Co. Chartered Accountants BANGLADESH NAXIS CO. LTD. Jaigir, Dollah Bazaar, Singair., Manikgan i t820, Bangladesh. Auditor's RePort and Audited Financial Statements For the year ended June 30,2024 legistered Office: -evel 2 (Lift-l), House 27, Road 12, Block F, \,, ketan, Gulshan 1, Dhaka 121 2, Bangladesh Contact lnformation: Office: +8801730-981 166, Cell : +880133 1-561166 M obi le : +880 1533-74 5447, Email: aymozadded @ya h oo. com Ahmed Yusuf & Co. Chartered Accountants Registered with The lnstitute of Chartered Accountants of Bangladesh under the Bangladesh Chartered Accountants Order, 1973 (President's Order No. 2 of 1973) lndependent auditor's rePorts To the Shareholders of BANGLADESH NAXIS CO' LTD. Report on the Audit of the Financial Statements Opinion we have audited the financial statements of BANGLADESH NAXIS CO' LTD' which comprise the statement of financial position as at June 30,2024, and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting po licies. In our opinion the accompanying financial statements give a true and fair view of the financial positionof theCompanyasatJune 30,2)24,andof itsfinancial performanceanditscashflowsfor the year then ended in accordance with lnternational Financial Reporting Standards (lFRSs)' Basis for OPinion we conducted our audit in accordance with lnternational standards on Auditing (lsAs)' our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial statements section of our report' we are independent of the company in accordance with the ethical requirement that is relevant to our audit of the financial statements in Bangladesh, and we have fulfilled our other ethical responsibilities in accordance with these requirements. we berieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oPinion' Responsibilities of Management and Those charged with Governance for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with lFRSs, and for such internal control as management determines is necesSary to enable the preparation of financial statements that are free from material misstatement' whether due to fraud or error. ln preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable' matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so' m Ahmed Yusuf & Co. Chartered Accountants Reglstered with The lnstitute of Chartered Accountants of Bangladesh under the Bangladesh Chartered Accountants Order, 1973 (President's Order No. 2 of 1973) Those charged with governance are responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with lSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with lSAs, we exercise professional judgment and maintain professionai skepticism throughout the audit' We also: / ldentify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion' The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. / Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an oplnion on the effectiveness of the Company's internal control. / Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management' / Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. f 4A 6 Ahmed Yusuf & Co. Chartered Accountants Registered with The lnstitute of Chartered Accountants o' Bangladesh under the Bangladesh Chartered Accountants Order, 1973 (President's Order No. 2 of L973l / Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation' We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. we also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied' From the matters communicated with those charged with Sovernance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. we describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances' we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on Other Legal and Regulatory Requirements ln accordance with the Companies Act 1994, we also report the following: a) We have obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purpose of our audit and made due verification thereof; ln our opinion proper books of account as required by law have been kept by the Company so far as it appeared from our examination of those books; and The statement of financial position and the statement of profit or loss and other comprehensive income dealt with by the report are in agreement with the books of account' b) Place: Bangladesh Date: March 24,2025 DVC: 2503241166A5386813 Ahmed Yusuf Mozadded, FCA, Proprietor Ahmed Yusuf & Co., Chartered Accountants ICAB Enrollment Number: 1166 c) lldD Ahmed Yusuf & Co. Chartered Accountants Particulars ASSETS Non Current Assets lntangible Assets Property, Plant & Equipment Current Assets Advance, Deposit & Prepayments Sundry Debtors Closing lnventories Cash and Cash Equivalents Total Assets 1.9,577,002 1,4,451,030 BANGLADESH NAXIS CO. LTD. Statement of Financial Position As at June 30,2024 Notes Annex-A Annex-B 3.0 30.06.2024 Taka 30.06.2023 Taka 282,776 19,294,226 31.4,1_96 1,4,1,42,834 79,795,7A6 68,940,621. o 6.2 SCE 4.0 5.0 8.0 9.0 3,617,673 540,690 14,860,890 49,92L,368 7O8 83,197,65L 18,890,245 1.8,342,402 EQUITY AND LIABILITIES Shareholders Equity Ordinary Share Capital Retained Earnings Non-Current Liabilities Advance from Shareholders Current Liahilities Short Term Loan Accounts Payable Liabilities of Expenses Provision for lncome Tax Total Equity & Liabilities Place: Bangladesh Date: March 24,2025 DVC: 2503241156A5386813 29,200,A00 (10,309,755) 29,200,0OO (10,857,598) 24,770 24,770 80,457,693 65,030,479 7.0 99,347,938 87,372,88t Ahmed Yusuf & Co., Chartered Accountants ICAB Enrolment Number: 1166 58,765,000 11,1"91,530 9,440,785 1,,060,378 58,765,000 5,141,,222 726,530 397,727 The annexed Notes and Annexure are an integral part ofthe financial statements. Director Managing Director Signed as per our annexed report of even date Ahmed Yusuf Mozadded, FCA, Proprietor 662,651 511,708 16,885,890 61,729,457 Director Place: Bangladesh Date: March 24,2025 DVC: 2503241 155AS385813 Ahmed Yusuf & Co. Chartered Accountants BANGLADESH NAXIS CO. LTD. Statement of Profit or Loss and Other Comprehensive lncome For the year ended June 30, 2024 Particulars Turnover Less : Cost of Goods Sold Gross Profit Other Operating lncome Other Operating Expenses Operating Profit Less: Administrative Expenses Less: Selling and Distribution Expenses Operating Income Non-Operation lncome (Bank lnterest lncome) Non-Operation Expenses (Bank Charges) Profit Before lnterest and Tax Less: Finance Expenses including bank charges Net Profit Before Tax Less: lncome Tax Expense Net Profit After tax Other Com prehensive I ncome Total Comprehensive lncome For The Year 11,604,777 7,443,471, Notes 2024 Taka 2023 Taka 10.0 11.0 12.0 13.0 66,429,862 (54,825,085) 35,1.41,871, (27,704,400) Ll,644,777 (1_0,033,863) 7,443,471 (8,73L,623) 1",570,914 (1,288,1_52) 1,,570,9!4 (360,420) (1,,288,152) (204,390) 'J.,2L0,494 (662,651) (L,492,542) (297,707) 547,843 (1,790,2491 The annexed Notes and Annexure are an integral part of the financial statements. Managing Director Signed as per our annexed report of even date Ahmed Yusuf Mozadded, FCA, Proprietor Ahmed Yusuf & Co., Chartered Accountants ICAB Enrolment Number: 1156 547,843 {1,,790,249) Ahmed Yusuf & Co. Chartered Accountants BANGLADESH NAXIS CO. LTD. Statement of Changes in Equity For the year ended June 30, 2024 For the year ended June 30, 2023 Particulars Share Retained Earnings Total Shareholders Equity Balance as at July OL,202g Activities during the year 29,200,000 (10,857,598) 547,843 18,342,402 547,843 Balance As at June 30,2024 29,200,000 (10,309,755) 19,890,245 Particulars Share Retained Earnings Total Shareholders Equity Balance as at July 01,2022 Activities during the year 29,200,000 (9,067,3491 (1,,790,2491 20,L32,651 (L,790,2491 Balance As at June 30, 2023 29,200,000 (10,857,598) t8,342,4O2 BANGLADESH NAXIS CO. LTD. Statement of Cash Flows For the year ended June 30, 2024 Notes Particulars A. Cash Flow from Operatine Activities: Cash Flow From Operation Net Profit / Loss Depreciation Change in Components Working Capital: (lncreased)/Decrease in Advance, Deposit & Prepayments (lncreased)/Decrease in Sundry Debtors (lncreased)/Decrease in LC Margin (lncreased)/Decrease in Closing lnventories Increased/(Decrease) in Short Term Loan lncreased/(Decrease) in Accounts Payable lncreased/(Decrease) in Liabilities of Expenses lncreased/(Decrease) in Provision for lncome Tax Net Cash Flow From Operating Activities B. Cash Flow From lnvesting Activities: Acquisition of Property, Plant & Equipment lntangible Assets Net Cash Flow from lnvesting Activities C. Cash Flow From Financing Activities: Ordinary Share Capital Advance from Shareholders Net Cash flow from Financing Activities D. Net changes in cash and cash equivalents {A+B+C) E. 0pening Cash & Cash Equivalents F. Closing Cash & Cash Equivalents (D+E) Ahmed Yusuf & Co. Chartered Accountants 2024 Taka 2023 Taka 1-,-782,L35 (1,078 547,843 1",234,292 l-6,380,2]-8 2,739,422 (1,215,554) (192,262) 72,208 (7L,520) 3,794,014 64,433 291,707 L8,L62,353 1,660,405 (6,354,2641 (3,528,750) (6,354,264) (3,528,750) 1l-,808,089 49,921,,368 (1,868,344) 57,789,712 6L,729,457 49,92L,368 (1",790,249) 71.1.,633 2,955,022 22,992 (2,025,000) 6,050,308 8,714,255 662,651 Ahmed Yusuf & Co. Chartered Accountants BANGLADESH NAXIS CO. LTD. Notes to the Financial Statements For the year ended June 30, 2024 1.1 Background of Reporting Entity/Structure of the Company The Company was incorporated in Bangladesh as a Private Limited company with the issuance of a certificate of incorporation bearing no. C-154959/201.9 dated: September 09, 2019 under the Companies Act 1994 by The Registrar of Joint Stock Companies & Firms with Authorized Capital of 630,000 Shares of Tk. 100/- each. The registered office of the company is situated at Jaigir, Dollah Bazaar, Singair., Manikganj 1820, Bangladesh. 1.2 Nature of Business Activities of the Company To import machines and materials, and engage in the production and sale of products, including RFID products, using such imported machines and materials. Furthermore, import, sell, and provide maintenance services for machines and consumables for printing. Also, offer consultation in production, technical, and management support. Additionally, undertake subcontracted operations for third parties and lease factory space to third parties for designated business purposes. 2.0 Basis of Preparation 2.1 Statement of compliance and measurement of the financial statements These Financial Statements have been prepared as per the requirements of the Companies Act,1994, The lncome Tax Ordinance, L984, The lncome Tax Rules, 1984, The Value Added Tax Act and Supplementary Du|y,201,2, The Value added tax Rules,20l-6, The Customs Act, l-969, The Stamp Act, 1899, The Bangladesh Labour Act, 2006 and other applicable laws & regulations and in accordance with The lnternational Accounting Standards (lASs)/lnternational Financial Reporting Standards (lFRSs). The titles and format of these financial statements follow the requirements of IFRSs which are to some extent different from the requirement of the Companies Act l-994. However, such differences are not material and, in the view of management, IFRSs titles and format give better presentation to the shareholders. The disclosures of information are made in accordance with IAS-1 (Presentation of financial statements) using the accrual basis of accounting, under the historicalcost convention and generally accepted accounting principles of Bangladesh except for the revaluation of certain non current assets which are stated either at revaluated amount or falr market value as explained in the accompanying notes. * Ahmed Yusuf & Co. Chartered Accountants 2.2 Application of Accounting and Financial Reporting Standards (lASs & IFRSs) IAS i.: Presentation of Financial Statements IAS 2: lnventories IAS 7: Statement of Cash Flows IAS 8:The Accounting Policies, Changes in Accounting Estimates and Errors IAS L0: Events after the Reporting Period IAS L2: lncome Taxes IAS 16: Property, Plant, and Equipment IAS l-9: Employee Benefits IAS 20: Accounting for Government Grants and Disclosure of Government Assistance IAS 21: Effects of the Changes in Foreign Exchange Rates IAS 23: Borrowing Costs IAS 24: Related Party Disclosures IAS 26: Accounting and Reporting by Retirement Benefit Plans IAS 27: Separate Financial Statements IAS 28: Investments in Associates and Joint Ventures IAS 29: Financial Reporting in Hyperinflationary Economies IAS 32: Financial lnstruments: Presentation IAS 33: Earnings per Share IAS 34: lnterim Financial Reporting IAS 36: lmpairment of Assets IAS 37: Provisions Contingent Liabilities and Contingent Assets IAS 38: lntangible Assets IAS 40: lnvestment Property IAS 41-: Agriculture IFRS 1: First-time Adoption of lnternational Financial Reporting Standards IFRS 2: Share-based Payment IFRS 3: Business Combinations IFRS 4: lnsurance Contracts IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations IFRS 6: Exploration for and Evaluation of Mineral Resources IFRS 7: Financial lnstruments: Disclosures IFRS 8: Operating Segments IFRS 9: Financial lnstruments IFRS L0: Consolidated Financial Statements IFRS 11: Joint Arrangements IFRS 1-2: Disclosure of lnterests in Other Entities IFRS 13: Fair Value Measurement IFRS 14: Regulatory Deferral Accounts IFRS 15: Revenue from Contracts with Customers IFRS 16: Leases IFRS 17: lnsurance Contracts Ahmed Yusuf & Co. Chartered Accountants 2,3 Summary of Accounting Estimates and Judgments of Policies ln preparation for these Financial Statements, management used available information to make necessary judgments, estimates and assumptions that affect the application of accounting policies and reported the amount of assets and liabilities, income, and expenses and for contingent assets and liabilities that require disclosures during and at the date of the financial statements. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis and any revisions of the accounting estimates are recognized in the period to which the estimates are revised and in any future periods affected. 2.4 Functional, presentation and reporting currency and level of precisions Functional and presentation currency items included in these financial statements are measured using the currency of the primary economic environment in which the company operates (the functional currency). The Financial statements are prepared and presented in Bangladesh Currency which is Taka (Tk/BDT) and which is the Company's functional currency. All financial information presented have been rounded off to the nearest taka except where indicated otherwise. 2.5 Reporting period The financial statements prepared as at and forthe year ended as stated above 2.6 Components of the financial statements (i) Statement of financial position (Balance Sheet); (ii) Statement of profit or loss and other comprehensive income; (iii) Statement of changes In equity (iv) Statement of cash flows; and (v) Notes, comprising a summary of significant accounting policies and other explanatory information. 2.7 Foreign currency translation Foreign currencies are translated into Taka using exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at exchange rates prevailing at the date of statement of financial position. Foreign currency differences are generally recognized in the statement of profit and loss. 2.8 Going Concern The company has adequate resources to continue operation for the foreseeable future and its current resources are sufficient to meet its current business requirements and thus the management continue to use going concern basis in preparingthe financial statements. Ahmed Yusuf & Co. Chartered Accountants 2.9 Property, Plant & Equipment Expenditure with an asset life of more than l- year is treated as capital expenditure (fixed assets). Any asset with the life of less than 1- year will be considered as low value asset and charged in the accounts as revenue expenditure. Moreover, the cost of an item of property, plant and equipment is recognized as an asset if, and only if, it is probable that the future economic benefits associated with the item can be measured reliably. ltems of property, plant and Equipment, excluding freehold land, freehold building and leasehold buildings, are stated at historical cost less accumulated depreciation in compliance with the requirements of IAS-16- Property, Plant and Equipment. Freehold land is measured at Cost Model. The cost of acquisition of an asset comprlses its purchase price and import duties and non-refundable taxes (after deducting trade discount and rebates) and any costs directly attributable to bringing the assets to the location and working condition necessary for it to be capable of operating in the intended manner, The cost of replacing or upgrading part of an item of property, plant and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the company and its cost can be measured reliably. The costs of the day-to-day servicing of property, plant and equipment are recognized in the Statement of Comprehensive lncome as incurred. Depreciation is recognized in the profit and loss account using'Reducing Balance method' over the estimated useful lives of each fixed asset. Depreciatlon is charged for the year on reducing balance Method on all fixed assets other than land. For additions during the year, depreciation is charged for the whole year and for disposal, depreciation is not charged for this year. The rate(s) of depreciation based on useful lives and nature of the assets. 2.10 Financial instruments A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. 2.11 Accounts and other receivables Receivables represents the amounts due from the customers and others and are stated net of bad debts and provisions. Provisions are made as per company policy and are written off on consideration of the status of individual balances. 2.12 Financial assets The company initially recognises a advance, deposit, prepayment, loan, receivable, and any other financial asset on the date of trade are originated i.e. when it becomes a party to the contractual provisions of the instrument and the company derecognises a financial asset when the contractual rights to the cash flows from the asset expire or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Financial assets include cash and cash equivalents, investments, accounts receivable and other receivables. Ahmed Yusuf & Co. Chartered Accountants 2.13 lnventories lnventories comprise production raw material, work-in-progress and finished goods. These are valued at lower of average cost and net realizable value. Cost of inventories includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. Cost of inventories is determined by using the weighted average cost formula. Where necessary, allowance is provided for damaged, obsolete and slow moving items to adjust the carrying value of inventories to the lower of cost and net realizable value. Net realizable value is based on estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. Work-in progress and finished goods includes raw material, labour and manufacturing overhead' 2.14 Cash and Cash Equivalents Cash and Cash Equivalents comprises cash in hand, cash in transit and cash at bank including fixed deposits having maturity of three months or less which are available for use by the company without any restrictions. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are excluded from the component of cash and cash equivalent. There is insignificant risk of changes in value of the same. 2.15 Share capital Paid up capital represents total amount contributed by the shareholders issued by the company to the ordinary shareholders. Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to vote at shareholders' meetings. ln the event of a winding up of the company, ordinary shareholders rank after all other shareholders and creditors and are fully entitled to any residual proceeds of liquidation' 2.16 Accounts and other payables payables represents the amount due for the goods and services received, whether paid or not for those goods and services. Liabilities are not interest bearing and are stated at its nominal value. 2.17 Revenue recognition Revenue recognised as per IFRS-15, Revenue from contracts with customers. 2.18 Statement of Cash Flows The statement of cash flows has been prepared in accordance with the requirements IAS 7 Statement of Cash Flows. 4: Ahmed Yusuf & Co. Chartered Accountants 2.19 Provisions and Contingencies A provision is recognized in the Financial Statements when, as a result of a past event, the company has a present legal or constructive obligation that can reliably be estimated and it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provision is ordinarily measured at the best estimate of the expenditure required to settle the present obligation at the last date of Financial Statements. Where the company expects some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the Financial Statements net of any reimbursement. lf the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate. 2.20 Related Party Disclosures The company has not carried out transactions with any of its related parties 2.21 Events after the Reporting Period Events after the reporting period that provide additional information about the Company's position at the date of Statement of Financial Position or those that indicate the going concern assumption is not appropriate are reflected in the Financial Statements. Events after the reporting period that are not adjusting events are disclosed in the notes when material. 2.22 Comparative information Comparative information in respect of previous year have been disclosed for all numerical information in the financial statements and also the narratives and descriptive information when it is relevant to understand the current year's financial statements. 2.23 General To facilitate comparison, certain relevant balances pertaining to the previous year have been rearranged/restated/reclassified/re-grouped whenever considered necessary to conform to current period's presentation. Ahmed Yusuf & Co. Chartered Accountants 30.05.2024 Taka 30.06.2023 Taka 3.0 Advance, Deposit & Prepayments Advance lncome Tax Advance & Prepayment (Notes: 3.1) (Notes: 3.2) 662,651. 297,707 3,319, 966 562,651 3,6L 3.1 Advance lncome Tax Opening Balance Add: Addition During the Year Les: Adjustment dring the Year 3.2 Advance & Prepayment Opening Balance Add:Addition During the Year Les: Adjustment dring the Year 4.0 Closinglnventories 5.0 Cash and Cash Equivalents Cash in hand Cash at Prime Bank Ltd-CD A/C NO-21321.1J.A2071"2 cash at Prime Bank Ltd - FC Held A/c No-2132587025594 Cash at Mutual Trust Bank Ltd CD A/C No-1301010015040 5.0 6.1 Ordinary Share Capital Authorized Share Capital: 630,000 Ordinary Shares of Tk. 100/- each lssued, Subscribed and Paid-up Share Capital: 6.2 292,000 Ordinary Shares of Tk. 100/- each 7.O Short Term Loan Opening Balance Add:Addition During the Year Les: Adjustment dring the Year 297,'107 662,651 (297,707) 77,1"19 297,707 (77,1,19) 662,651 297,707 3,319,966 2,325,004 994,966 (3,319,966) 3,319,965 16,885,890 14,850,890 60,871,969 737,383 fit,754 2,355 32,060,253 1,095,890 1,6,761,720 3,505 5L,729,457 49,921,368 63,000,000 63,000,000 29,200,000 29,2OA,OOO 58,765,000 58,765,000 58,755,000 58,765,000 Ahmed Yusuf & Co. Chartered Accountants 30.46.2024 Taka 30.06.2023 Taka 8.0 Liabilities of Expenses Salary & Allowance Electricity Bill Audit Fees 9.0 Provision for lncome Tax Opening Balance Add:Addition During the Year Les: Adjustment dring the Year 10.0 Turnover Sa les Less : VAT 11.0 Cost of Goods Sold Opening Stock Add : Purchase During the Year Add: Factory Overhead (Notes: 1-1.1) Add: Factory Rent Add:Depreciation Add: Amortization Less: Closing Stock 9,030,26s 360,520 s0,000 264,210 412,320 50,000 9,440,785 726,530 397,727 662,651. 100,020 297,747 1,060,378 397,727 2024 Taka 2023 Taka 66,735,420 (30s,ss8) 35,402,503 (2s4, 632) 14,860,890 36,679,154 17,736,639 1_,200,000 1,2O2,872 31.,420 (16,88s,890) _35,147,87L 3,4,789,370 6,914,508 1,8,949,679 1,200,000 676,722 34,91.1. (14,860,890) 54,825,085 27, 704,400 __56,429,852_ 11.1, Factory Overhead Amortization Expense Arrear Factory Bonus (Factcry) Carbon Toner Clearing & Forwardin7 G&F) Expenses Color Catalogue Book Purchase Co nveya nce ( Fa ctory) Courier Cha rge (Factory) Delivery Expense Depreciation Expense Enterta in ment- Factory Factory Electric Bill Factory Visit Expense Freight Charge lmport Duty lnsurance Expense-lmport lnternet Expenses Labour Cost Lunch Expenses (Factory) Medical Expense- Factory Misc. Expenses (Factory) Night Shift Expense- Factory Overtime (Factory) Printing & Stationery (Factory) Repair & Maintenance Salary & Allowance (Factory) Sample Making Expense Security Charge Spare Parts Purchase Truck Rent (Factory) 2424 Taka 19,809 1.4,642 2,1,57,254 4s7,000 3,821_,062 59,480 39,585 7,251. 253,845 897,886 52,467 749,349 12,000 100,000 1,46,896 1,4,390 271.,435 7,550 17,530 8,434 40,100 2,600 196,801 45,500 71.,025 7,935,036 141,,002 106,380 128,830 26,500 17,136,639 Ahmed Yusuf & Co. Chartered Accountants 2023 Taka 20,971 15,500 2,283,811. 483,8L0 4,786,295 62,969 41,,907 2,383 268,737 950,562 55,545 793,31.0 L2,703 105,866 155,514 1.5,234 223,839 7,992 18,558 8,928 42,452 2,752 208,346 48,1.69 75,191. 7,831,987 1,49,271. 112,636 136,387 28,454 18,949,679 12.0 Administrative Expenses Ahmed Yusuf & Co. Chartered Accountants 2424 Taka 2023 Taka 6,293,430 L,L2A,732 2,908 763,3't4 312,640 391.,974 50,000 4,533 5,361 1_,028,951 -_8J4,623 _?90,139_ 204,390 Salary & Allowance Festival Bonus Entertainment & Refreshment Office Expenses Office Rent Miscllaneous Expenses Audit Fees Printing & Stationary Conveyance Expenses Electric Bill 13.0 Finance Expenses Bank Charges and Commission 10,033,863 6,361,151 974,550 2,529 663,804 324,OAO 340,847 50,000 3,942 4,662 6,132 I x o tr tr c,p (Jtr 06E -6O -(J t: Er EL rfl (E -c U o) o @ o o, o & ciS Efr 8!B l^.oN = Hfl -E= Ulel EBE q=t^ 98" <il c0(a c o .= = 3 o o e, f G o 6 a..l 00 cl + N el $ O) LN oo' rJ. -1 (o t.,1' o N (o ol <f G1 o G1 tr o G L o E o (J tr g o eo (! tn <l N o N d q o fn <l rl N + (o r\ O O) st N rn o tr o E t, tr c, E th f E' u0 f o o o o oo O) \ m -l N N (o- |... r-l o N <l .i m o fn o o) € dl o (J g (E co o (n N o c.l q o (.o -l <l o rn LN 00 N oa' N o (o d o ci o o ;s o rt s o Fl ti o (J o (J c o o co o l, <l N o n ro q o ('r1 ro cn co 00 rt rl O u') Ot Ol Fl o) o o an or € ri 00 (n C o E E' tr o E ti !, b0 c o G o o -c I I P IA o I E o o l, (n N o c'l q c) (0 O) an @ oo -l -l O LN Or O) -l C'I € 6 (n ct) o 6 (n tn o .9 o CL L o o v) F q) (! 3 P o v) <f N o N d (n o E J G g, G OJ C) c g G 00 m N o N o (n o tr o tn (E o (J c g G 6 <l N o t.,,! 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