presentation final sultan

7/31/2019 Presentation Final Sultan

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2/23

Annual Report of Companies

Gull Ahmed Textiles

Mian Textile Industries Limited

Ibrahim Textile Limited


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Group Members:

Zahid Shoukat L1F10BCom0092

M.Qasim Aziz L1F10BCom0083

Sultan Abdullah L1F10BCom0100


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Zahid shoukat

L1f10bcom 0092


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Company information:

Company information, includes

firm's history.

number and quality of its human, financial,

and physical resources.

Organizational and management structure.

past, current and anticipated performance.

its reputation, and the standing of

its goods or services.


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Corporate governance:

Corporate governance is "the system by whichcompanies are directed and controlled.

Corporate governance also includes therelationships among the many stakeholder

involved and the goals for which the

corporation is governed.


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Cash flow statements:

cash flow statement express a business's results

or plans in terms of cash in and out of the

business.

Without adjusting for accrued revenues and

expenses. The cash flow statement doesn't showwhether the business will be profitable, but it

does show the cash position of the business at

any given point in time by measuring revenue

against outlays. The cash flow statement should be prepared on a

monthly basis during the first year, on a quarterly

basis for the second year, and annually for the

third year.


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Gull ahmad textileCost of goods sold statement

For the year ended 30th June 2011Cost of goods sold

Opening stock

Purchases during the year

Closing stock

Total Raw materials consumed

Direct labor

Factory over head:

Stores consumed

Staff cost

Fuel, power and water

1,532,769

13,008,148

(3,807,318)

10,733,599

2,518,573

2,126,625

1,488,592


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Insurance

Repairs and maintenance

Depreciation

Other expenses

Cost of samples shown under distribution cost

Cost of goods manufacturing costOpening Work-in-process

Closing work in process

Total GOODS manufactured cost

Opening stock of finished goods

Purchases and processing charges

Cost for good available for sale

75,076

651,415

591,974

71,585

(50,799)

18,206,640167278

(310160)

18,063,758

3,206,770

5,934,309

27,204,837


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Closing stock of finished goods

Cost of goods sold

(6,312,736)

20,892,101


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M.QASIM AZIZ

L1F10BCOM0083


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Director report:

DIRECTORS REPORT is written by the

Directors of a company and formspart of the companys financial

statements. This report must

support and elaborate on theinformation contained in the Income

Statement, Balance Sheet.

Director report is signed by thechairman of the company on behalf

of the board.


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Audit report:

Report on the financial statement.

Management responsibility for the

financial statement.

Auditor responsibility.

Audit procedure and basis of audit

opinion.

Audit opinion.


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Notice of meeting:

Notice must be sent to members at

least seven days before the meeting

Notice of meeting prepared by the

secretary.


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MIAN TEXTILE INDUSTRIES LTDCost of goods sold

For the ended year 30th June 2011COST OF GOODS SOLD

Raw materials consumed

Direct labor

Factory over head

Salaries, wages and benefits

Chemical and sizing

Stores and spare partsFuel and power

Packing materials

Other manufacturing expenses

5,892,606

48,527,191

4,450,279

603,38043,980,312

498,259

4,675,151


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Depreciation

Total manufacturing goods

Opening Work in process(waving and spinning)Closing work in process(waving and spinning)

Cost of goods manufactured

Opening Finished goods(spinning and weaving)

Cost of goods available for sale

Closing finish goods(spinning and weaving)

Cost of goods sold

34,603,811

143230989

480,832(215,708)

143,496,113

10297371

153793484

(882091)

152911393


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SULTAN ABDULLAH

L1F10BCOM0100


18/23

Profit and loss account:

A profit and loss account isa financial statement that summarizes

the financial transactions for

a business over a period in time. These records provide information

that shows the ability of a company to

generate profit by increasing revenue

and reducing costs.


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Balance sheet:

Assets = Liabilities + Shareholders'

Equity

It gives a picture of assets, liability

and capital at a point in time.

It provides information about the

company's funds and how they are

used in the business.


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statement of comprehensive

income:

Comprehensive income is a

statement of all income and expenses

recognized during that period.

The statement includes revenue,

finance costs, tax expenses,

discontinued operations, profit shareand profit/loss.


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COST OF GOODS SOLD

Raw materials consumed

Direct labor

Factory over head

Packing materials

Salaries, wages and benefits

Staff retirement benefits

Stores and spare parts

Fuel and power

Insurance

29,123,971,811

329,757,848

829,351,135

113,820,296

785,361,343

2,413,064,422

25,395,260

Ibrahim textile LimitedCost of goods sold

For the year ended 30th June 2011


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Depreciation of property, plant and

equipment

Other

Total manufacturing goods

Opening work in process

Closing work in process

Cost of goods manufactured

Opening Finished goods

Cost of goods available for sale

Closing finish goods

Cost of goods sold

671,695,398

290,866,950

34,583,284,463

273470969

(296007743)

34,560,747,689

786,566,681

35347314370

(1,169,931,632)

34,177,382,738


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presentation final sultan

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