1. BUILDCORE ENGINEERING (PRIVATE) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2011
Accumulated
Particulars
Capital Profit/(loss) Total
Balance as at June 30, 2009 14,000,000 (52,674,853) (38,674,853)
Profit/(loss) for the year Err:504 Err:504
Priar year adjustment 29,759,873 29,759,873
Balance as at June 30, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at July 31, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at August 31, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at September 30, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at October 31, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at November 30, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at December 31, 2010 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at January 31, 2011 14,000,000 Err:504 Err:504
Profit/(loss) for the month Err:504 Err:504
Balance as at February 28, 2011 14,000,000 Err:504 Err:504

2. BUILDCORE ENGINEERING (PRIVATE) LIMITED
BALANACE SHEET
AS AT FEBRUARY 28, 2011
28-Feb-11 31-Jan-11 31-Dec-10 30-Nov-10 31-Oct-10 30-Sep-10 31-Aug-10 31-Jul-10 30-Jun-10 Year 2008-2009
Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
CAPITAL & LIABILITES
Equity & Capital
Capital 3 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000
Accumulated Profit / (Loss) Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 (52,674,853)
Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 (38,674,853)
Liabilities Against Finance Leased Assets 4 - - - - - - - - - 356,080
Loan from Director 5 (7,975,686) (8,775,686) (8,710,686) 1,307,184 1,573,993 1,256,073 6,208,233 1,905,998 9,169,614 7,943,969
CURRENT LIABILITIES
Short Term Loans 6 55,872,780 51,569,646 52,195,298 52,441,367 57,842,070 58,175,846 60,748,036 60,717,548 59,975,903 57,360,973
Advances from Customers 7 15,824,321 15,824,321 15,851,161 16,975,092 18,415,373 18,415,373 18,415,373 20,551,837 20,947,589 17,364,847
Trade Creditors 8 66,587,240 59,804,624 60,937,243 60,857,709 67,057,866 67,500,718 68,282,269 68,075,922 53,869,027 70,529,087
Accrued and other liabilities 9 63,362,367 63,706,887 63,540,307 63,109,260 62,816,520 62,804,215 63,399,231 61,952,568 63,438,590 64,806,876
Taxation
PDC 134,847,168 142,319,728 140,295,625 140,024,389 139,911,020 139,611,598 140,226,308 135,426,616 136,282,482 127,453,140
336,493,876 333,225,206 332,819,634 333,407,817 346,042,850 346,507,749 351,071,216 346,724,491 334,513,592 337,514,923
Contingencies & Commitments
Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 307,140,119
Chief Executive Officer Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 #REF!

3. 28-Feb-11 31-Jan-11 31-Dec-10 30-Nov-10 31-Oct-10 30-Sep-10 31-Aug-10 31-Jul-10 30-Jun-10 Year 2008-2009
Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
ASSETS
Fixed Assets ( W.D.V ) 10 22,109,116 23,249,792 23,249,792 23,249,792 23,246,342 25,161,842 25,161,842 25,161,842 25,161,842 23,591,602
Capital work in progress 5,394,336 5,394,336 5,348,111 5,348,111 5,300,536 4,594,769 4,306,816 3,566,530 3,439,583 121,492
Long Term Securities 39,533,714 39,533,714 38,530,589 38,530,589 38,530,589 38,530,589 38,238,739 37,634,206 51,320,340 36,590,868
Pre commencement expenditures
CURRENT ASSETS
Store Spare & Lose Tools 11 - - - - - - - - - -
Stock in Trade 12 33,665,925 32,633,630 33,007,443 32,266,733 31,652,608 31,614,663 31,539,451 30,420,100 23,841,521 36,217,701
Trade Debtors 13 47,928,816 47,920,116 50,846,131 56,174,015 62,896,961 60,990,505 52,154,783 31,634,051 39,728,916 61,661,415
Short Term Advances, Prepayments & Deposits 14 38,309,259 37,535,868 36,801,014 37,524,123 36,698,553 #REF! #REF! #REF! #REF! #REF!
Advance Tax Deducted at Source 37,258,534 37,258,534 37,109,146 37,109,146 37,039,264 36,979,096 36,590,719 36,500,837 35,816,522 29,056,391
Cash in hand and Banks 15 3,912,505 2,719,653 2,544,835 4,681,245 4,940,642 5,195,999 8,488,437 6,733,250 6,521,925 3,937,177
PDC 96,112,063 96,112,063 96,112,063 96,112,063 96,112,063 96,112,063 97,112,063 93,907,541 92,907,541 96,347,999
257,187,102 254,179,865 256,420,631 263,867,324 269,340,091 #REF! #REF! #REF! #REF! #REF!
324,224,268 322,357,707 323,549,123 330,995,816 336,417,557 #REF! #REF! #REF! #REF! #REF!
Director

4. BUILDCORE ENGINEERING (PRIVATE) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 28 FEBRUARY 2011
Consolidated 28-Feb-11 31-Jan-11 31-Dec-10 30-Nov-10 31-Oct-10 30-Sep-10 31-Aug-10 31-Jul-10 30-Jun-10 Year 2008-2009
Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
SALES 16 55,292,151 589,700 701,224 4,312,717 2,514,992 2,133,984 18,162,387 24,377,747 2,499,399 163,380,932 318,700,535
COST OF GOODS CHARGED 17 Err:504 2,215,844 1,688,540 499,579 693,907 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
GROSS PROFIT / ( LOSS ) Err:504 (1,626,144) (987,316) 3,813,138 1,821,085 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
ADMINISTRATIVE EXPENSES
Director's Remunerations
Overheads & Administrative Cost 18 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
SELLING EXPENSES 19 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
NET OPERATING PROFIT Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
FINANCIAL EXPENSES 20 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
OTHER INCOME 7,235,678 - 530,480 - 6,335,095 173,228 608,355 - 119,000 303,434 3,505,678
PROFIT BEFORE TAXATION Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
TAXATION
PROFIT AFTER TAXATION Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Accumulated profit B/F (86,812,700) Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 (52,674,853) Err:504
Accumulated profit c/d Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 (52,674,853)
Chief Executive Officer

5. BUILDCORE ENGINEERING (PRIVATE) LIMITED
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 28 FEBRUARY 2011
1 THE COMPANY AND ITS OPERATIONS
Buildcore Engineering (Private ) Limited was incorporated as Private Company , limited by shares , incorporated in Pakistan in August 2005. The main business of the company is production, sale and installation of telecommunication towers and is serving currently all mobile
operators in Pakistan.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2.1 Accounting convention
These accounts have been prepared under the historical cost convention without any adjustment for the effect of inflation or current values,
2.2 Staff retirement benefits
The company operates unfunded gratuity scheme for all its eligible employees. Provision is made annually to cover the liability under the scheme.
2.3 Taxation
The provision for current taxation is based on taxable income at the current rates of taxation after taking into account,available tax rebates and credits.

6. The company does not account for deferred taxation because timing differences are not likely to reverse in foreseeable future
2.4 Fixed assets
A) Owned assets
Operating assets except freehold land are stated at cost less accumulated depreciation while the freehold land is stated at cost. Assets are depreciated using reducing balance method.
Full year's depreciation is charged in the year of additions while no depreciation is charged in the year of disposal. Maintenance and normal repairs are charged to current year's income. Major renewals and improvements are capitalised. Gain or loss on disposal of operating
fixed assets is charged to current year's income.
B) Assets subject to finance lease
These assets are stated at the lower of the present value of minimum lease payments under the lease agreements and the fair value of the assets. The related obligations of the lease are accounted for as liabilities.
Assets acquired under a finance lease are amortized over the useful life of the assets on a reducing balance method at the rates given in note 11. Amortization of leased assets is charged to current year's income.
2.5 Deferred cost
Company's policy is to amortize the deferred cost over the period of five years commencing from the financial year in which the cost has been incurred.
2.6 Stores, spares and loose tools
These are valued at cost calculated on moving average basis except goods in transit, which are valued at cost accumulated to balance sheet date.
2.7 Stock in trade
The basis of valuation is as follows: -
Raw materials At average cost
Work in process At average cost
Finished goods At lower of cost or net realizable value
Waste At net realizable value

7. 2.8 Revenue recognition
Sales are recognised on provisional approval certifiate received from clients of production as per specified criterion.
Consolidated 28-Feb-11 31-Jan-11 31-Dec-10 30-Nov-10 31-Oct-10 30-Sep-10 31-Aug-10 31-Jul-10 30-Jun-10
Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees Rupees
3 CAPITAL
Authorized capital
300000 share of Rs. 100 each 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000
Issued, subscribed and paid up capital
Issued, subscribed and paid up capital 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000
140,000 shares of Rs. 100 each
4 Assets subject to finance lease (See annexure)
Orix leasing - - - - - - - - -
The company has acquired lease from Orix leasind repayable in 36 installments
5 Loan from Director
Loan from Director (7,975,686.29) (8,775,686.29) (8,710,686.29) 1,307,183.71 1,573,992.71 1,256,072.71 6,208,232.71 1,905,997.71 9,169,613.71
The directors has provided interest free loan to company, which is kept in long term loan as most of its part is utilized in fixed assets and to meet the working capital requirements of the company, it is not repayable in current year.
6 Short Term Loans 55,872,780 51,569,646 52,195,298 52,441,367 57,842,070 58,175,846 60,748,036 60,717,548 59,975,903
The company has acquired short term loan from Bank Alfalah Gujrat, which includes running finance and L/c Facilities of Rs. 30 million each
7 Advances from Customers 15,824,321 15,824,321 15,851,161 16,975,092 18,415,373 18,415,373 18,415,373 20,551,837 20,947,589

8. The company’s business is project based, its contract include three phases of payments, advance is made at the inception of contract, which company account for as a liability and adjusted at the time of delivery of goods to customer.
8 Trade Creditors 66,587,240 59,804,624 60,937,243 60,857,709 67,057,866 67,500,718 68,282,269 68,075,922 53,869,027
9 Accrued Liabilities
Wages & Salaries Payable 236,021 236,690 213,012 265,319 413,110 608,101 1,446,999 813,410 960,322
EOBI Contribution Payable 57,024 57,024 57,024 57,024 57,024 57,024 57,024 57,024 57,024
Director's Remuneration Payble 600,000 500,000 350,000 375,000 300,000 450,000 300,000 250,000 225,000
Factory Rent Payable 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 -
ISD Office Rent Payable 161,439 161,439 161,439 161,439 161,439 161,439 161,439 161,439 161,439
Messing Exps Payable - - - - - - - - -
VRE Payable A/C 289,343 377,171 377,171 374,937 386,337 379,218 287,072 263,472 220,887
VRM Payable A/C 115,255 121,268 121,268 119,518 119,518 111,188 96,891 77,371 74,840
GRT Quarter Rent Payable - - - - - - - - -
Financial charges payable 4,894,658 4,894,658 4,894,658 4,894,658 4,894,658 4,894,658 4,075,102 3,255,546 2,435,990
Manufacturing Exp. Payable 13,750 13,750 13,750 13,750 23,750 31,750 41,750 121,750 206,264
Utility Bills Payable 275,899 354,528 352,404 343,906 280,647 314,916 299,382 271,350 749,695
Withholding Tax - Services 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Sales tax payable 56,587,978 56,859,359 56,868,581 56,372,710 56,049,038 55,664,921 56,502,572 56,550,206 58,341,130
63,362,367 63,706,887 63,540,307 63,109,260 62,816,520 62,804,215 63,399,231 61,952,568 63,438,590
Taxation
10 Fixed assets
See annexure 22,109,116 23,249,792 23,249,792 23,249,792 23,246,342 25,161,842 25,161,842 25,161,842 25,161,842
11 Store Spare & Lose Tools
12 Stock in Trade
Raw Material 18,462,617 17,430,322 17,804,135 17,063,425 16,449,300 16,411,355 16,336,143 15,216,792 8,638,213
Work in Process
Finished Goods 15,203,308 15,203,308 15,203,308 15,203,308 15,203,308 15,203,308 15,203,308 15,203,308 15,203,308
33,665,925 32,633,630 33,007,443 32,266,733 31,652,608 31,614,663 31,539,451 30,420,100 23,841,521
13 Trade Debtors (Considered good) 47,928,816 47,920,116 50,846,131 56,174,015 62,896,961 60,990,505 52,154,783 31,634,051 39,728,916

9. 14 Short Term Advances, Prepayments & Deposits
Short Term Deposits/Advances,Etc 1,279,358 1,279,358 1,279,358 1,279,358 1,279,358 1,279,358 1,279,358 1,279,358 1,279,358
Short Term Prepayments 6,111,533 6,111,533 6,091,470 6,091,470 6,091,470 6,091,470 6,082,911 6,064,775 6,064,775
Loan A/Cs Of Employees 342,379 332,379 332,379 332,379 332,379 332,379 332,379 332,379 456,979
Retention Money 4,776,216 4,776,216 4,731,916 5,510,806 5,399,730 4,972,934 4,939,315 3,285,777 3,692,219
Advance To Supervisors/Employees Etc 1,238,983 838,869 480,878 724,062 612,295 472,440 848,453 661,043 669,582
Advance To Supplier 15,270,062 14,906,785 14,594,285 14,295,321 13,692,594 14,097,653 13,503,474 13,456,063 438,550
L/C Margins R/A 2,549,000 2,549,000 2,549,000 2,549,000 2,549,000 2,549,000 2,549,000 2,549,000 2,549,000
Amortization of Misc Items 6,741,727 6,741,727 6,741,727 6,741,727 6,741,727 6,741,727 6,741,727 6,741,727 6,741,727
38,309,259 37,535,868 36,801,014 37,524,123 36,698,553 36,536,961 36,276,617 34,370,122 21,892,190
15 Cash in hand and Banks
Cash at Bank 132,806 214,215 398,217 285,396 523,777 2,377,404 427,235 46,413 83,523
Cash in hand 3,779,699 2,505,438 2,146,618 4,395,849 4,416,865 2,818,595 8,061,202 6,686,837 6,438,402
3,912,505 2,719,653 2,544,835 4,681,245 4,940,642 5,195,999 8,488,437 6,733,250 6,521,925
16 Sales
Tower sale 54,318,177 447,600 701,224 3,496,517 2,514,992 2,133,984 18,162,387 24,377,747 2,483,725 153,272,214
Sales Galvanzing - - - - - - - - - 297,091
Tower Accessories Sales 15,674 - - - - - - - 15,674 84,340
70-90 Waste Sales 958,300 142,100 - 816,200 - - - - - 9,727,287
55,292,151 589,700 701,224 4,312,717 2,514,992 2,133,984 18,162,387 24,377,747 2,499,399 163,380,932
17 COST OF GOODS CHARGED
80-10 Raw Material Consumed Err:504 1,535,537 1,274,197 - - Err:504 Err:504 Err:504 Err:504 Err:504
80-11 Salaries and Allowances Err:504 - - - - Err:504 Err:504 Err:504 Err:504 Err:504
80-12 Benefits Err:504 11,004 28,163 77,659 - Err:504 Err:504 Err:504 Err:504 Err:504
80-17 Repair & Maintenance Contracts Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-18 Training & Development Err:504 425,627 113,626 159,659 268,919 Err:504 Err:504 Err:504 Err:504 Err:504
80-19 Testing Research & Development Err:504 10,000 5,000 - - Err:504 Err:504 Err:504 Err:504 Err:504
80-20 Rent, Rates & Taxes Err:504 116,382 107,146 96,174 86,295 Err:504 Err:504 Err:504 Err:504 Err:504
80-22 Fuel & Power Err:504 - 10,423 9,138 262,581 Err:504 Err:504 Err:504 Err:504 Err:504
80-24 Electricity, Gas & Water Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-26 Communication Err:504 94,326 68,432 52,556 34,693 Err:504 Err:504 Err:504 Err:504 Err:504
80-28 Excise Duty Err:504 22,968 81,553 104,393 41,419 Err:504 Err:504 Err:504 Err:504 Err:504
80-29 Other Tower Erection Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-30 Repairs & Maintenance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-31 Tower Purchases & Galvanizing Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-32 Stores Consumed Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-33 Store F & S Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-34 Vehicle Running & Maintenance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-36 Insurance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-38 Travelling & Conveyance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-56 Entertainment Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-68 Freight & Handling Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-75 Import Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-95 Depreciation Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
80-97 Misc. Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Err:504 2,215,844 1,688,540 499,579 693,907 Err:504 Err:504 Err:504 Err:504 Err:504
17.1 Opening Balances
(+) Purchases
Available for use
(-) Closing stock

10. - -

11. 18 Administration expenses
82-11 Salaries and Allowances Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-12 Benefits Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-16 Directors' Remuniration Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-18 Training & Development Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-20 Rent, Rates & Taxes Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-22 Fuel & Power Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-24 Electricity, Gas & Water Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-26 Communication Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-30 Repairs & Maintenance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-32 Store Consumed Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-34 Vehicle Running & Maintenance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-36 Insurance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-38 Travelling & Conveyance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-40 Printing & Stationery Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-42 News Paper, Books & Periodicals Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-44 Postage & Courier Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-46 Auditors' Remuniration Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-48 Legal & Professional Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-50 Fee & Subscription Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-54 I.T. Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-56 Entertainment Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-80 Amortization of Intengibles Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-92 Lease Rentals Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-95 Depreciation & Amortization Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
82-97 Misc. Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
19 Selling Expenses
84-11 Salaries and Allowances Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-12 Benefits Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-18 Training & Development Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-26 Communication Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-34 Vehicle Running & Maintenance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-36 Insurance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-38 Travelling & Conveyance Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-39 Business Development Exp Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-48 Legal & Professional Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-50 Fee & Subscription Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-56 Entertainment Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-60 Sales Promotion Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-62 Samples Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-64 Advertisement & Publicity Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-68 Freight & Handling Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-70 Export Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-74 Commission on Sales Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-75 Gift & Commission Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-76 Bad Debts Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-92 Lease Rentals Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-95 Depreciation & Amortization Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
84-97 Misc. Expenses Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
20 Financial Charges
90-10 Bank Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
90-15 Foreign Bank Charges Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
90-20 Markup Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
90-30 Finance Charges on Lease Assets - (FCLA) Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504

12. 90-40 Foreign Exchange Loss/(Gain) Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
21 General
Figures are rounded off to nearest rupee.
Chief Executive Officer

14. wer of cost or net realizable value

15. Year 2008-2009
Rupees
30,000,000
14,000,000
356,080
7,943,969.47
57,360,973
17,364,847

16. 70,529,087
1,397,360
-
225,000
-
1,439
-
119,348
11,326
512,500
2,415,455
317,761
725,849
-
59,080,838
64,806,876
23,591,602
6,217,701
30,000,000
36,217,701
61,661,415

17. 406,200
5,188,371
187,013
7,714,499
955,417
419,550
-
4,744,423
19,615,473
46,249
3,890,928
3,937,177
317,884,139
86,896
729,500
-
318,700,535
Err:504
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18. -

19. Err:504
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20. Err:504
Err:504

21. 10 FIXED ASSETS
COST Rate DEPRECIATION WDV as on
Balance as on Additions Balance as on As on for the Accumulated 6/30/2007
DESCRIPTION
01-07-06' (Deletions) 6/30/2007 % 01-07-06' year 6/30/2007
Rs Rs Rs Rs Rs Rs Rs %
Plant & machinery 12,233,979.00 - 12,233,979 15 750,101 1,835,097 2,585,198 9,648,781 69.73
Building 4,894,004.00 - 4,894,004 15 300,066 734,101 1,034,167 3,859,837 27.89
Electrical installation - - 15 - - - - -
Furniture & fixtures 345,659.00 - 345,659 15 21,193 51,849 73,042 272,617 1.97
Office equipment 71,706.00 - 71,706 15 4,397 10,756 15,153 56,553 0.41
Computers 180,000.00 - 180,000 30 - - - 180,000 -
Library books - - 20 - - - - -
Vehicles 4,017,299.00 - 4,017,299 15 - - - 4,017,299 -
2007 Rupees 21,742,647.00 - 21,742,647 1,075,757 2,631,802 3,707,559 18,035,088 1,075,757
10.1) The Depreciation charged has been allocated as follows:
Cost of sales (623,765)
Administrative & selling expenses (32,830)
(656,595)
10 FIXED ASSETS
COST Rate DEPRECIATION WDV as on
Balance as on Additions Balance as on As on for the Accumulated 6/30/2009
DESCRIPTION
01-07-08' (Deletions) 6/30/2009 % 01-07-08' year 6/30/2009
Rs Rs Rs Rs Rs Rs Rs
Plant & machinery 10,768,077.35 10,768,077 15 4,765,455 900,393 5,665,848 5,102,229
Building 3,664,075.00 3,664,075 15 1,792,781 280,694 2,073,475 1,590,600
Electrical installation 99,805.27 99,805 15 17,613 12,329 29,942 69,864
Furniture & fixtures 293,154.00 293,154 15 132,687 24,070 156,757 136,397
Office equipment 387,325.45 387,325 15 85,146 45,327 130,473 256,853
Computers 179,985.00 179,985 30 179,515 - 179,515 470
Library books - - - - - - -
Vehicles 2,621,272.55 2,621,273 15 1,403,431 - 1,403,431 1,217,841
2009 Rupees 18,013,694.62 - 18,013,695 8,376,627 1,262,813 9,639,441 8,374,254
10.1) The Depreciation charged has been allocated as follows:
Cost of sales 1,199,673
Administrative & selling expenses 63,141
1,262,813

22. 1 Bank Reconciliation Statements
2 Income tax is nor accrued and adjusted
3 Advances from Clients of Rs. 42,829/- shows debit balances needs to be corrected Huawei PTCL CDMA
4 Sales tax paid on 4th shipment will be recorded as input
5 Sales tax (input) paid on 3rd and 4th shipment has to be claimed in GST Returns
6 Capital work in progress of Rs. 5,394,336/- should transfer to the books of Buildcore Construction becau
7 Trade Debtor- Foreign has Rs. 672,483.90 of Credit balance needs to be rectified
8 Conifrmation of all Local Trade debtors
9 Amortization of Misc Items should be amortize on monthly basis

23. be corrected Huawei PTCL CDMA Ph-III LDI Adv. Aga. PO
ks of Buildcore Construction because Land has been booked in BCC
be rectified

24. BUILDCORE ENGINEERING (PVT) LIMITED
Trial Balance - Posted + Held Transactions February-11
ACTIVITY
Code Description Debit
01 01 01 ISSUED SUBSCRIBED AND PAID UP CAPITAL
01 01-10 01-10 Ordinary Shares
01 01-10 01-10-01101 Rizwan Iqbal Jora - Share Capital -
01 01-10 01-10-01102 Naveed Akbar - Share Capital -
01 01-10 01-10-01103 Mian Faisal Rabbani - Share Capital -
01 01-10 01-10-01104 Mansoor Bajwa - Share Capital -
05 05 05 RESERVES
05 05-10 05-10 Capital Reserves
05 05-10 05-10-13000 Share Premium -
05 05-20 05-20 Revenue Reserves
05 05-20 05-20-13500 General Reserve -
05 05-30 05-30 Un-appropriated Profit & Loss
05 05-30 05-30-05301 Opening Differece -
05 05-30 05-30-05302 Profit & Loss A/Y 2005-2006 -
05 05-30 05-30-05303 Profit & Loss A/Y 2006-2007 -
05 05-30 05-30-13900 Un Appropriated Profit & Loss -
05 05-30 05-30-13910 Profit & Loss 2008-09 -
12 12 12 LONG TERM LOANS & ADVANCES
12 12-15 12-15 Long Term Loans(LTL) From Directors
12 12-15 12-15-00020 Loan Form Investor -
12 12-15 12-15-00025 Loan From Mian Faisal R -
12 12-15 12-15-00030 Loan From Three Directors -
12 12-20 12-20 Curr.A/C'S Of Directors & Family Members
12 12-20 12-20-00001 Current A/C Mansoor Bajwa -
12 12-20 12-20-00002 Current A/C Naveed S/B -
12 12-20 12-20-00003 Current A/C Rizwan Iqbal -
12 12-20 12-20-00004 Current A/C M.Faisal Rabbani -
16 16 16 LIAB. AGT. ASSETS SUB.TO FINANCE LEASE
16 16-40 16-40 Vehicles - Orix Finance Lease
16 16-40 16-40-00001 Vehicles Orix Finance Lease -
22 22 22 SHORT TERM FINANCES
22 22-10 22-10 Running Finances (RF)
22 22-10 22-10-00020 HBL A/C#400106-73(RF) -
22 22-10 22-10-00030 Temporary Borrowing -
22 22-10 22-10-00035 Temporary Borrowing JV -
22 22-10 22-10-00040 Temporary Loan (BCC) -
22 22-10 22-10-00050 Temporary Borrowing-NA -
22 22-10 22-10-00060 Temporary Borrowing KC -
22 22-10 22-10-00070 L/C Short Term Loan -
22 22-91 22-91 D.A Inland L/C's From BAFL
22 22-91 22-91-00001 D.A Inland L/C -

25. 22 22-92 22-92 D.A Inland L/C#IULC/GRT/099/07
22 22-92 22-92-00001 D.A Inland L/C#IULC/GRT/099/07 -
22 22-94 22-94 D.A Inland L/C's
22 22-94 22-94-00001 D.A Inland L/C from NIB -
23 23 23 Description Not found
23 23-10 23-10 Description Not found
23 23-10 23-10-00001 Description Not found -
24 24 24 TRADE CREDITORS
24 24-10 24-10 Sundry Creditors
24 24-10 24-10-00001 Trade Creditors Raw Material 3,799,895
24 24-11 24-11 Store Supplier
24 24-11 24-11-00001 Store Supplier -
24 24-12 24-12 F & S Suppliers
24 24-12 24-12-00001 F & S Suppliers 308,955
24 24-13 24-13 Services Providers
24 24-13 24-13-00001 Services Providers 581,999
24 24-80 24-80 Other Liabilities
24 24-80 24-80-00001 Other Liabilities 281,641
24 24-90 24-90 PDC's to Suppliers
24 24-90 24-90-00001 PDC's to Suppliers -
25 25 25 ADVANCES FROM CLIENTS
25 25-10 25-10 HUAWEI WARID 6.2
25 25-10 25-10-00001 Huawei Warid 6.2 Advances Agnst. PO -
25 25-20 25-20 NSN NOKIA
25 25-20 25-20-00001 NSN Nokia Advances Agnst. PO -
25 25-30 25-30 HUAWEI CM PAK I
25 25-30 25-30-00001 Huawei CM PAK Advance Agnst. PO -
25 25-40 25-40 MOBISERVE-MOBILINK
25 25-40 25-40-00001 Mobiserve Advances Agnst. PO -
25 25-50 25-50 WINCOM (Pvt) LTD.
25 25-50 25-50-00001 Wincom(Pvt) Ltd. Advnaces Aganst. PO -
25 25-60 25-60 HUAWEI CDMA
25 25-60 25-60-00001 Huawei CDMA Advances aga. PO -
25 25-61 25-61 HUAWEI PTCL CDMA
25 25-61 25-61-00001 Huawei PTCL CDMA Ph-III LDI Adv. Aga. PO -
25 25-61 25-61-00002 Huawei PTCL CDMA PH II -
25 25-65 25-65 HUAWEI WORLD CALL
25 25-65 25-65-00001 Huawei World Call Adv.Aga.PO -
25 25-69 25-69 HUAWEI U-FONE(PHASE-5)

26. 25 25-69 25-69-00001 Huawei U-Fone(Phase-5) Adv.Aga.PO -
25 25-70 25-70 HUAWEI U-FONE(PHASE-6)
25 25-70 25-70-00001 Huawei U-Fone(Phase-6) Adv.Aga.PO -
25 25-75 25-75 HUAWEI U-FONE(PHASE-7)
25 25-75 25-75-00001 H-U-FONE(Phase-7)Advances aga. PO -
25 25-76 25-76 HUAWEI U-FONE(PHASE-8)
25 25-76 25-76-00001 HUAWEI U-FONE(PHASE-8) -
25 25-80 25-80 FUTURE COMMUNICATION Co.
25 25-80 25-80-00001 Future Communication Co. -
25 25-85 25-85 FAHAD & COMPANY
25 25-85 25-85-00001 Fahad & Co. Adv. Aga. PO. -
25 25-90 25-90 HUAWEI PTCL PISHIN
25 25-90 25-90-00001 H-PTCL Pishin Advances aga. PO -
25 25-95 25-95 WARID TELECOM Pvt.(Ltd)
25 25-95 25-95-00001 Warid Telecom Adv.Aga.PO -
25 25-96 25-96 SOCIO-ENGINEERING CONSULTANTS
25 25-96 25-96-00001 SOCIO-ENG. Adv. Aga. PO -
25 25-97 25-97 NSN Wi-Tribe
25 25-97 25-97-00001 NSN Wi-Tribe -
25 25-98 25-98 MULTIPLE CLIENTS
25 25-98 25-98-00001 Clean Power Adv. Aga. PO's -
25 25-98 25-98-00002 TechCorp Adv. Aga. PO's -
25 25-98 25-98-00003 Advance from Clients A & ACC -
25 25-98 25-98-00004 HIGHRISE -
27 27 27 ACCRUED LIABILITIES
27 27-10 27-10 Expenses Payable
27 27-10 27-10-01001 Wages & Salaries Payable 220,409
27 27-10 27-10-01002 Director's Remuneration Payble 50,000
27 27-10 27-10-01003 Utility Bills Payable -
27 27-10 27-10-01004 Factory Rent Payable -
27 27-10 27-10-01005 ISD Office Rent Payable -
27 27-10 27-10-01006 Messing Exps Payable -
27 27-10 27-10-01007 VRE Payable A/C 87,828
27 27-10 27-10-01008 VRM Payable A/C 6,013
27 27-10 27-10-01010 EOBI Contribution Payable -
27 27-10 27-10-01009 GRT Quarter Rent Payable -
27 27-20 27-20 Financial Expenses Payable
27 27-20 27-20-01001 Mark-Up Payable On R/F -
27 27-30 27-30 Manufacturing Expenses Payable
27 27-30 27-30-00001 Manufacturing Exp. Payable -
27 27-50 27-50 Utility Bills Payable
27 27-50 27-50-00001 Electricity Bills Payable 88,108
27 27-50 27-50-00002 Sui Gas Bills Payable -
27 27-50 27-50-00003 Telephone & Mobile Bills Payable -
27 27-50 27-50-00004 Water Supply Bills Payable -

27. 27 27-70 27-70 Taxes Payable
27 27-70 27-70-00001 Withholding Tax - Raw Material-Suppliers -
27 27-70 27-70-00002 Withholding Tax - Packing Mat.-Suppliers -
27 27-70 27-70-00003 Withholding Tax - Other - Suppliers -
27 27-70 27-70-00004 Withholding Tax - Services -
27 27-70 27-70-00005 Withholding Tax - Capital Exp.-Suppliers -
27 27-70 27-70-00006 Withholding Tax - Clearing Agents -
27 27-70 27-70-00007 Withholding Tax - Transporters -
27 27-70 27-70-00008 Withholding Tax - Employees -
27 27-70 27-70-00009 Withholding Tax - Directors -
28 28 28 PROVISION FOR TAXATION
28 28-10 28-10 Provision For Taxation - Current Year
28 28-10 28-10-25010 Taxation -
28 28-15 28-15 Provision For Taxation - Prior Year
28 28-15 28-15-25020 Provision for Taxation - Prior Years -
30 30 30 OTHER LIABILITIES
30 30-10 30-10 Excise & Sales Tax Payable
30 30-10 30-10-00010 Sales Tax Payable 271,381
30 30-10 30-10-00020 Excise Duty Payable -
30 30-20 30-20 Other Payables
30 30-20 30-20-00030 Over Due L/Cs Payable To Bal -
35 35 35 FIXED ASSETS & CAPITAL WORK IN PROGRESS
35 35-40 35-40 Land
35 35-40 35-40-00001 Land -
35 35-50 35-50 Building
35 35-50 35-50-00001 Building -
35 35-60 35-60 Furniture & Fixture
35 35-60 35-60-00001 Furniture -
35 35-65 35-65 Electric Appliances
35 35-65 35-65-00001 Electric Appliances -
35 35-70 35-70 Office Equipment
35 35-70 35-70-00001 Office Equipment -
35 35-80 35-80 Vehicles
35 35-80 35-80-00001 Vehicles -
35 35-90 35-90 Machinery
35 35-90 35-90-00001 Machinery -
35 35-91 35-91 Computers & Note Books
35 35-91 35-91-00001 Computers & Note Books -
35 35-93 35-93 Certification
35 35-93 35-93-10100 ISO Certification -
35 35-94 35-94 Intengible Assets
35 35-94 35-94-10101 Computer Software (Jabeen Soft) -

28. 35 35-94 35-94-10102 Computer Software (Others) -
37 37 37 ACCUMULATED DEPRECIATION
37 37-40 37-40 Acc. Dep. On Tangible Assets
37 37-40 37-40-00001 Acc. Dep. on Tangible Assents -
37 37-50 37-50 Amortization of Intengible Assets
37 37-50 37-50-00001 Computer Software (Jabeen Soft) -
37 37-50 37-50-00002 Computer Software (Other ) Amort. -
37 37-50 37-50-00003 ISO Certification Amort. -
37 37-60 37-60 Amortization of Misc Items
37 37-60 37-60-00001 Amortization of Misc Items -
39 39 39 CAPITAL WORK-IN-PROGRESS
39 39-10 39-10 Tanigible
39 39-10 39-10-00001 Kettle Work In Progress -
39 39-30 39-30 BCHO
39 39-30 39-30-00001 Civil Work BCHO -
42 42 42 LONGTERM DEPOSITS SECURITIES & PREPAYMEN
42 42-10 42-10 Long Term Deposits-Orix
42 42-10 42-10-00001 Long Term Deposits -
42 42-15 42-15 Long Term Deposits
42 42-15 42-15-00001 Long Term Deposits-Adam Jee -
42 42-15 42-15-00002 Long Term Deposits-Askari Insurance Co. -
42 42-20 42-20 Long Term Securities
42 42-20 42-20-38034 Gas Cylinder Security -
42 42-20 42-20-38035 Mobile Phone Connection Security -
42 42-20 42-20-38036 Security Diposits -
42 42-30 42-30 Prepayments
42 42-30 42-30-00001 Prepayments -
42 42-40 42-40 Associated Undertaking
42 42-40 42-40-10100 Build Core Construction -
42 42-40 42-40-10200 Build Core -
43 43 43 LONG TERM INVESTMENTS
43 43-10 43-10 Long Term Investments
43 43-10 43-10-36010 Long Term Investments -
47 47 47 LONG TERM DEPOSITS
47 47-10 47-10 Security Deposits - Utilities
47 47-10 47-10-38010 Security Deposits - Electricity -
47 47-10 47-10-38020 Security Deposits - Sui Gas -
47 47-10 47-10-38030 Security Deposits - Others -
51 51 51 STOCK IN TRADE
51 51-30 51-30 Raw Material
51 51-30 51-30-00001 Raw Material Fabrication 1,754,145

29. 51 51-30 51-30-00002 Raw Material Galvanizing -
51 51-30 51-30-00003 Purchase Returnes-RM Fabrication -
51 51-30 51-30-00004 Purchase Return-RM Galvanizing -
51 51-40 51-40 Store Consumable
51 51-40 51-40-00001 Consumable Stores 20,885
51 51-40 51-40-00002 Purchase Return-Store Consumables -
51 51-50 51-50 Finished Goods Stock
51 51-50 51-50-10100 Finished Stock In Hand -
51 51-60 51-60 Store F & S
51 51-60 51-60-00001 Nuts & Bolts 46,060
51 51-60 51-60-00002 Sheets & Coper Rod 2,060
51 51-60 51-60-00003 Wire Mesh 6,745
51 51-60 51-60-00004 Elec Material 826,404
51 51-60 51-60-00005 Tower Purchase A/C -
51 51-60 51-60-00006 Purchase Return-F & S Material -
51 51-60 51-60-00007 Clading Sheet -
51 51-99 51-99 Fixed Asset Stock
51 51-99 51-99-00001 Furniture & Fixture -
51 51-99 51-99-00002 Electric Appliances -
51 51-99 51-99-00003 Office Equipment -
51 51-99 51-99-00004 Vehicles -
51 51-99 51-99-00005 Machinery -
51 51-99 51-99-00006 Computers & Note Books -
55 55 55 TRADE DEBTORS
55 55-20 55-20 Trade Debtors - Local
55 55-20 55-20-00001 Trade Debtors Local 8,700
55 55-30 55-30 Trade Debtor -Foreign
55 55-30 55-30-00001 Trade Debtor- Foreign -
56 56 56 RETENTION MONEY
56 56-10 56-10 Retention Money
56 56-10 56-10-00001 Retention Money -
57 57 57 LC RECEIVABLE
57 57-10 57-10 LC Receivable
57 57-10 57-10-00001 LC Receiable -
58 58 58 SHORT TERM ADVANCES,DEP. & PREPAYMS/MA
58 58-10 58-10 L/C Margins R/A
58 58-10 58-10-11010 L/C Margins R/A From HBL -
58 58-10 58-10-11020 LC Margins R/A From NIB -
58 58-20 58-20 Short Term Deposits/Advances,Etc
58 58-20 58-20-11010 BID Deposits For Tenders -
58 58-20 58-20-11020 Advanace Rent WZD Houses -
58 58-20 58-20-11030 Cash Margins aga. NIB Bank Guarantee -
58 58-30 58-30 Short Term Prepayments
58 58-30 58-30-11010 New Jubilee Insurance -
58 58-30 58-30-11020 IGI Insurance -

30. 58 58-30 58-30-11030 Adam Jee Insurance -
58 58-30 58-30-11040 Askari Insurance Co. Ltd. -
58 58-50 58-50 Short Term Receivable
58 58-50 58-50-00015 Insurance Claim R/A -
58 58-60 58-60 Loan A/Cs Of Employees
58 58-60 58-60-37020 Loan A/Cs of Employees 10,000
58 58-60 58-60-37021 Loan A/C Sami (For Education) -
58 58-70 58-70 Advance To Supplier
58 58-70 58-70-00001 Advance To Supplier -
58 58-80 58-80 Advance To Supervisors/Employees Etc
58 58-80 58-80-00001 Advance To Employee 2,468,950
59 59 59 SHORT TERM INVESTMENTS
59 59-30 59-30 Short Term Investment
59 59-30 59-30-00001 Investment A/C Build Core -
60 60 60 ADVANCE TAX WITH HELD
60 60-10 60-10 Adv. Tax Withheld On Trade Debtors Local
60 60-10 60-10-00001 Adv. Tax Withheld On Trade Debtors Local -
60 60-10 60-10-00002 Sales Tax Withheld by Debtors -
60 60-20 60-20 Advance Tax Withheld On Utilities
60 60-20 60-20-00021 Advance Tax On Electricity -
60 60-20 60-20-00022 Advance Tax On Sui Gas -
60 60-30 60-30 Advance Tax Deductions By Banks
60 60-30 60-30-00031 Advance Tax Ded By Bank Alfalah Lhr -
60 60-30 60-30-00032 Advance Tax Ded By S. Chartered -
60 60-30 60-30-00033 Advance Tax Ded By Bal GRT -
60 60-30 60-30-00034 Advance Tax Ded By HBL Current A/C -
60 60-30 60-30-00035 Advance Tax Ded By HSBC -
60 60-30 60-30-00036 Advance Tax Ded by NIB -
60 60-30 60-30-00037 Advance Tax Ded By S. Chartered LHR -
60 60-40 60-40 Advance Tax On Exports
60 60-40 60-40-00001 Tax on Exports -
60 60-50 60-50 Advance Tax On Imports
60 60-50 60-50-00001 Advance Tax On Imports -
61 61 61 CASH AND BANK BALANCES
61 61-10 61-10 Cash In Hand
61 61-10 61-10-54011 Cash In Hand LHR Office 2,691,900
61 61-10 61-10-54015 Cash In Hand Faisal SB -
61 61-10 61-10-54017 Cash In Hand Gujrat Office 124,309
61 61-10 61-10-54018 To Be Retified -
61 61-10 61-10-54019 Cash in Hand Zahid (Foreman) -
61 61-10 61-10-54020 Cash In Hand Islamabad -
61 61-10 61-10-54025 Petty Imprest A/C -
61 61-10 61-10-54030 Call Deposit Receipts(CDR's) -
61 61-20 61-20 Cash At Banks

31. 61 61-20 61-20-11010 HBL Gujrat (Circular Road)A/C#50-02-0001 -
61 61-20 61-20-11030 Stand.Chartd.(G.T.Road)A/C#7021-213025-0 107,275
61 61-20 61-20-11050 Bank Alfalah (LHR)A/C#01021375 -
61 61-20 61-20-11090 Bank Alfalah Gujrat A/C# (0081-01004580) 248,000
61 61-20 61-20-11110 HSBC 002-032407-001 538,359
61 61-20 61-20-11120 NIB Bank (0402-146978-10) 4,000,000
61 61-20 61-20-11130 Standard Chartered (01143567701) LHR 809,000
61 61-30 61-30 PDC At Banks
61 61-30 61-30-00001 PDC at HBL Gujrat A/C#50-02-0001 6,245,780
61 61-30 61-30-00002 PDC at Stand.Chartd.A/C#7021-213025-0 -
61 61-30 61-30-00003 PDC at Bank Alfalah (LHR)A/C#01021375 717,329
61 61-30 61-30-00004 PDC at B-AL Gujrat A/C# (0081-01004580) 100,000
61 61-30 61-30-00005 PDC at HSBC 002-032407-001 -
61 61-30 61-30-00006 PDC at NIB 5402-0146978-0010 -
61 61-30 61-30-00007 PDC at Standard Charted LHR 1,000,000
70 70 70 SALES
70 70-10 70-10 Sales - Local
70 70-10 70-10-00010 Sales - Local -
70 70-80 70-80 Sales Galvanizing
70 70-80 70-80-00001 Sales Galvanizing -
70 70-85 70-85 Tower Accesories Sales
70 70-85 70-85-00001 Tower Accesories Sales -
70 70-90 70-90 Waste Sales
70 70-90 70-90-00001 Hard Zinc & Ash -
70 70-90 70-90-00002 Local Sale Scrape -
70 70-90 70-90-00003 Sales Galvanizing -
70 70-90 70-90-00004 Scrape Sale -
71 71 71 TRADE DISCOUNTS
71 71-10 71-10 Trade Discounts
71 71-10 71-10-00010 Trade Discounts -
72 72 72 SALES RETURN
72 72-10 72-10 Sales Return - Local
72 72-10 72-10-00010 Sales Return -
73 73 73 COMMISSION ON SALE / SERVICE CHARGES
73 73-10 73-10 Commission/Service Charges - Local
73 73-10 73-10-00010 Commission/Service Charges -
80 80 80 COST OF GOODS SOLD
80 80-10 80-10 Raw Material Consumed
80 80-10 80-10-00001 Raw Material Consumed - Fabrication 1,535,537
80 80-10 80-10-00002 Raw Material Consumed - Galvanization -
80 80-11 80-11 Salaries and Allowances
80 80-11 80-11-01001 Basic Salaries -
80 80-11 80-11-01005 Allowances -
80 80-11 80-11-01010 Wages -
80 80-11 80-11-01013 Direct Labour 28,970

32. 80 80-11 80-11-01014 Direct Supervision 20,000
80 80-11 80-11-01015 Overtime 6,712
80 80-11 80-11-01016 Indirect Labour 58,250
80 80-11 80-11-01023 Development Salaries -
80 80-11 80-11-01025 Contract Labour 1,800
80 80-12 80-12 Benefits
80 80-12 80-12-01050 Ex-Gratia / Bonus -
80 80-12 80-12-01053 Leave Encashment -
80 80-12 80-12-01055 Group Insurance -
80 80-12 80-12-01058 Fidelity Gaurantee Insurance -
80 80-12 80-12-01060 EOBI Contribution -
80 80-12 80-12-01062 Education Cess -
80 80-12 80-12-01064 Employees Social Security Cont.(PESSI) -
80 80-12 80-12-01066 Workers Welfare Expenses -
80 80-12 80-12-01068 Medical Expenses 650
80 80-12 80-12-01070 Hospitalization Expenses -
80 80-12 80-12-01072 Housing Expenses -
80 80-12 80-12-01074 Canteen Subsidy -
80 80-12 80-12-01076 Haj Expenses -
80 80-12 80-12-01078 Inam / Rewards -
80 80-12 80-12-01080 Utilities Paid for Employees -
80 80-12 80-12-01081 Electricity -Utilities Paid for Employes -
80 80-12 80-12-01082 Gas - Utilities Paid for Employees -
80 80-12 80-12-01083 Water - Utilities Paid for Employees -
80 80-12 80-12-01084 Telephone - Utilities Paid for Employees -
80 80-12 80-12-01090 Uniform - New Expenses -
80 80-12 80-12-01092 Uniform - Washing Etc. -
80 80-12 80-12-01094 Incentives - Employees -
80 80-12 80-12-01096 Commission -
80 80-17 80-17 Repair & Maintenance Contracts
80 80-17 80-17-00001 Repair & Maintenance Snow Shades -
80 80-18 80-18 Training & Development
80 80-18 80-18-01201 Workshop & Seminars Hotels -
80 80-18 80-18-01205 Manager's Monthly Meeting -
80 80-18 80-18-01210 Training & Development -
80 80-19 80-19 Testing Research & Development
80 80-19 80-19-00001 Tower Drawing Charges 2,500
80 80-19 80-19-00002 Testing Charges(Material/Tools/Goods)Etc -
80 80-19 80-19-00003 Research & Development -
80 80-20 80-20 Rent, Rates & Taxes
80 80-20 80-20-01301 Rent, Rates & Taxes 10,000
80 80-20 80-20-01305 Property Tax -
80 80-20 80-20-01310 Professional Tax -
80 80-20 80-20-01315 Other Taxes -
80 80-20 80-20-01320 Rent for Multan WhareHouse -
80 80-22 80-22 Fuel & Power
80 80-22 80-22-01401 Diesel for Generators -
80 80-24 80-24 Electricity, Gas & Water
80 80-24 80-24-01501 Electricity Expenses -
80 80-24 80-24-01505 Sui Gas Expenses -
80 80-24 80-24-01510 Water Supply Expense -
80 80-26 80-26 Communication

33. 80 80-26 80-26-01601 Telephone Expense -
80 80-26 80-26-01605 Mobile Phone Expenses -
80 80-26 80-26-01610 Internet Expenses -
80 80-28 80-28 Excise Duty
80 80-28 80-28-01701 Excise Duty -
80 80-29 80-29 Other Tower Erection Charges
80 80-29 80-29-00001 Tower Erection Charges -
80 80-30 80-30 Repairs & Maintenance
80 80-30 80-30-01801 Factory Building - Repairs -
80 80-30 80-30-01805 Office Premises - Repairs -
80 80-30 80-30-01810 Furniture & Fixture's' - Repairs -
80 80-30 80-30-01815 Office Equipments - Repairs -
80 80-30 80-30-01820 Vehicles - Repairs -
80 80-30 80-30-01825 Plant & Machinery - Repairs -
80 80-30 80-30-01830 Laboratory Equipments - Repairs -
80 80-30 80-30-01835 Computers - Repairs -
80 80-30 80-30-01840 Electric Installations - Repairs -
80 80-30 80-30-01845 Gardening -
80 80-30 80-30-01850 Sanitations -
80 80-30 80-30-01855 General Repair & Maintenances 13,423
80 80-31 80-31 Tower Purchases & Galvanizing
80 80-31 80-31-00001 Misc Tower Material Purchases -
80 80-31 80-31-00002 Galvanizing Out Sourcing 425,627
80 80-32 80-32 Stores Consumed
80 80-32 80-32-01915 Direct Consumable Galvanizing -
80 80-32 80-32-01940 Repair & Maintenance-Store -
80 80-32 80-32-01941 General-Galvanizing -
80 80-32 80-32-01950 Direct Consumable-Fabricaion 8,674
80 80-32 80-32-01955 General Consumable-Fabricaion 1,132
80 80-32 80-32-01958 Repair & Main. Consumable-Fabrication 430
80 80-32 80-32-01970 Consumption Returnable Tools 768
80 80-33 80-33 Store F & S
80 80-33 80-33-00001 Nuts & Bolts -
80 80-33 80-33-00002 Sheets & Coper Rod -
80 80-33 80-33-00003 Wire Mesh Consumed -
80 80-33 80-33-00004 Elec Material -
80 80-33 80-33-00005 Tower Consumable -
80 80-33 80-33-00006 Clading Sheet -
80 80-34 80-34 Vehicle Running & Maintenance
80 80-34 80-34-02001 Fuel - Vehicle Running & Maintenance 2,133
80 80-34 80-34-02005 Repairs & Maint. - Veh Running & Maint. 715
80 80-34 80-34-02010 Token Taxes - Vehicle Running & Maint. -
80 80-36 80-36 Insurance
80 80-36 80-36-02101 Factory Building - Insurance - Expense -
80 80-36 80-36-02105 Office Premises - Insurance - Expense -
80 80-36 80-36-02110 Furniture & Fixture - Insurance -Expense -
80 80-36 80-36-02115 Office Equipments - Insurance - Expense -
80 80-36 80-36-02120 Vehicles - Insurance - Expense -
80 80-36 80-36-02125 Plant & Machinery - Insurance - Expense -
80 80-36 80-36-02130 Lab. Equipments -Insurance -Expense -
80 80-36 80-36-02135 Computers - Insurance - Expense -
80 80-36 80-36-02140 Electric Installations-Insurance-Expense -

34. 80 80-36 80-36-02145 Cash in Safe - Insurance - Expense -
80 80-36 80-36-02150 Cash in Transit - Insurance - Expense -
80 80-36 80-36-02155 Stocks - Insurance - Expense -
80 80-36 80-36-02160 Cash Handling Charges -
80 80-36 80-36-02165 Marine Insurance on L/C -
80 80-38 80-38 Travelling & Conveyance
80 80-38 80-38-02201 Local - Travelling & Conveyance 320
80 80-38 80-38-02205 Domestic - Travelling & Conveyance 2,562
80 80-38 80-38-02210 International - Travelling & Conveyance -
80 80-56 80-56 Entertainment
80 80-56 80-56-03101 Entertainment 1,315
80 80-68 80-68 Freight & Handling Charges
80 80-68 80-68-03605 Carriage Inwards 65,412
80 80-68 80-68-03610 Loading / Unloading Expenses 28,914
80 80-75 80-75 Import Expenses
80 80-75 80-75-00001 Import Incidental Charges -
80 80-75 80-75-00002 Commission On Imports -
80 80-75 80-75-00003 R & D On Imports -
82 82-80 82-80 Amortization of Intengibles
82 82-80 82-80-00001 Amortization of AZM Software -
82 82-80 82-80-00002 Amortization of Misc Items -
80 80-95 80-95 Depreciation
80 80-95 80-95-00001 Depreciation -
80 80-97 80-97 Misc. Expenses
80 80-97 80-97-00001 ODU Shed Expenses -
80 80-97 80-97-00002 Late Delivery Charges -
82 82 82 ADMINISTRATIVE EXPNSES
82 82-11 82-11 Salaries and Allowances
82 82-11 82-11-01001 Basic Salaries 60,464
82 82-11 82-11-01005 Allowances -
82 82-11 82-11-01010 Wages -
82 82-11 82-11-01015 Overtime 3,839
82 82-11 82-11-01025 Contract Labour -
82 82-11 82-11-01035 Admin Exps -
82 82-12 82-12 Benefits
82 82-12 82-12-01050 Ex-Gratia / Bonus -
82 82-12 82-12-01053 Leave Encashment -
82 82-12 82-12-01055 Group Insurance -
82 82-12 82-12-01058 Fidelity Gaurantee Insurance -
82 82-12 82-12-01060 EOBI Contribution -
82 82-12 82-12-01062 Education Cess -
82 82-12 82-12-01064 Employees Social Security Cont.(PESSI) -
82 82-12 82-12-01066 Workers Welfare Expenses -
82 82-12 82-12-01068 Medical Expenses -
82 82-12 82-12-01070 Hospitalization Expenses -
82 82-12 82-12-01072 Housing Expenses -
82 82-12 82-12-01074 Canteen Subsidy -
82 82-12 82-12-01076 Haj Expenses -
82 82-12 82-12-01078 Inam / Rewards -

35. 82 82-12 82-12-01080 Utilities Paid for Employees -
82 82-12 82-12-01081 Electricity -Utilities Paid for Employes -
82 82-12 82-12-01082 Gas - Utilities Paid for Employees -
82 82-12 82-12-01083 Water - Utilities Paid for Employees -
82 82-12 82-12-01084 Telephone - Utilities Paid for Employees -
82 82-12 82-12-01090 Uniform - New Expenses -
82 82-12 82-12-01092 Uniform - Washing Etc. -
82 82-12 82-12-01094 Incentives - Employees -
82 82-12 82-12-01096 Commission -
82 82-12 82-12-01098 Other Allowance & Benefits -
82 82-16 82-16 Directors' Remuniration
82 82-16 82-16-00001 Diector Remuneration Naveed SB 50,000
82 82-16 82-16-00002 Director Remuneraion Faisal SB 50,000
82 82-16 82-16-00003 Director Remuneraion Rizwan SB 50,000
82 82-16 82-16-00004 Director Eidi & Welfare A/C -
82 82-18 82-18 Training & Development
82 82-18 82-18-01201 Workshop & Seminars Hotels -
82 82-18 82-18-01205 Manager Monthly Meeting -
82 82-18 82-18-01210 Training & Development -
82 82-20 82-20 Rent, Rates & Taxes
82 82-20 82-20-01301 Rent, Rates & Taxes -
82 82-20 82-20-01305 Property Tax -
82 82-20 82-20-01310 Leagal & Professional Charges -
82 82-20 82-20-01315 Other Taxes -
82 82-20 82-20-01320 ISD OFFICE RENT -
82 82-22 82-22 Fuel & Power
82 82-22 82-22-01401 Diesel for Generators -
82 82-24 82-24 Electricity, Gas & Water
82 82-24 82-24-01501 Electricity Expenses -
82 82-24 82-24-01505 Sui Gas Expenses -
82 82-24 82-24-01510 Water Supply Expense -
82 82-26 82-26 Communication
82 82-26 82-26-01601 Telephone Expense -
82 82-26 82-26-01605 Mobile Phone Expenses 9,479
82 82-26 82-26-01610 Internet Expenses -
82 82-26 82-26-01615 Other Communication Exp(Cards etc) 1,485
82 82-30 82-30 Repairs & Maintenance
82 82-30 82-30-01801 Factory Building - Repairs -
82 82-30 82-30-01805 Office Premises - Repairs -
82 82-30 82-30-01810 Furniture & Fixture's' - Repairs -
82 82-30 82-30-01815 Office Equipments - Repairs -
82 82-30 82-30-01820 Vehicles - Repairs -
82 82-30 82-30-01825 Plant & Machinery - Repairs -
82 82-30 82-30-01830 Laboratory Equipments - Repairs -
82 82-30 82-30-01835 Computers - Repairs 6,200
82 82-30 82-30-01840 Electric Installations - Repairs -
82 82-30 82-30-01845 Gardening -
82 82-30 82-30-01850 Sanitations -
82 82-30 82-30-01855 General Repair & Maintenance -
82 82-32 82-32 Store Consumed
82 82-32 82-32-01925 Printing & Stationery Stores - Consumed 314
82 82-34 82-34 Vehicle Running & Maintenance

36. 82 82-34 82-34-02001 Fuel - Vehicle Running & Maintenance 49,236
82 82-34 82-34-02005 Repairs & Maint. - Veh Running & Maint. 20,200
82 82-34 82-34-02010 Token Taxes - Vehicle Running & Maint. -
82 82-36 82-36 Insurance
82 82-36 82-36-02101 Factory Building - Insurance - Expense -
82 82-36 82-36-02105 Office Premises - Insurance - Expense -
82 82-36 82-36-02110 Furniture & Fixture - Insurance -Expense -
82 82-36 82-36-02115 Office Equipments - Insurance - Expense -
82 82-36 82-36-02120 Vehicles - Insurance - Expense -
82 82-36 82-36-02125 Plant & Machinery - Insurance - Expense -
82 82-36 82-36-02130 Lab. Equipments -Insurance -Expense -
82 82-36 82-36-02135 Computers - Insurance - Expense -
82 82-36 82-36-02140 Electric Installations-Insurance-Expense -
82 82-36 82-36-02145 Cash in Safe - Insurance - Expense -
82 82-36 82-36-02150 Cash in Transit - Insurance - Expense -
82 82-36 82-36-02155 Stocks - Insurance - Expense -
82 82-36 82-36-02160 Cash Handling Charges -
82 82-36 82-36-02165 General Insurance -
82 82-38 82-38 Travelling & Conveyance
82 82-38 82-38-02201 Local - Travelling & Conveyance 500
82 82-38 82-38-02205 Domestic - Travelling & Conveyance -
82 82-38 82-38-02210 International - Travelling & Conveyance -
82 82-38 82-38-02215 Employee Bike For Office Use GRT -
82 82-38 82-38-02220 VRE LHR 2,265
82 82-38 82-38-02225 VRM LHR -
82 82-40 82-40 Printing & Stationery
82 82-40 82-40-02301 Printing & Stationery 2,150
82 82-42 82-42 News Paper, Books & Periodicals
82 82-42 82-42-02401 Library Books -
82 82-42 82-42-02405 News Paper -
82 82-42 82-42-02410 Periodicals -
82 82-44 82-44 Postage & Courier
82 82-44 82-44-02501 Postage - Local - Postage & Courier -
82 82-44 82-44-02505 Postage - Inter. - Postage & Courier -
82 82-44 82-44-02510 Courier - Local - Postage & Courier -
82 82-44 82-44-02515 Courier - Inter. - Postage & Courier -
82 82-46 82-46 Auditors' Remuniration
82 82-46 82-46-02601 Annual Audit Fee -Auditors' Remuniration -
82 82-46 82-46-02605 Out of Pocket Exp.-Auditors Remuneration -
82 82-46 82-46-02610 Tax Advisory - Auditors' Remuneration -
82 82-46 82-46-02615 Corporate Advisory-Auditors Remuneration -
82 82-46 82-46-02620 Manag. Const. Paid-Auditors Remuneration -
82 82-48 82-48 Legal & Professional Charges
82 82-48 82-48-02701 HR - Consultant - Legal & Prof. Chg. -
82 82-48 82-48-02705 I.T - Consultant - Legal & Prof. Chg. -
82 82-48 82-48-02710 Legal - Consultant - Legal & Prof. Chg. 12,150
82 82-48 82-48-02715 Prod. - Consultant - Legal & Prof. Chg. -
82 82-48 82-48-02720 Manag. - Consultant - Legal & Prof. Chg. -
82 82-48 82-48-02730 Tender Fee -
82 82-50 82-50 Fee & Subscription
82 82-50 82-50-02801 Tender Fee - Fee & Subscription -

37. 82 82-50 82-50-02805 Registration Fee - Fee & Subscription -
82 82-50 82-50-02810 Renewal License Fee - Fee & Subscription -
82 82-50 82-50-02815 Professional Tax -
82 82-54 82-54 I.T. Expenses
82 82-54 82-54-03001 I.T. Related Expenses -
82 82-54 82-54-03002 Software Development Exps. -
82 82-56 82-56 Entertainment
82 82-56 82-56-03101 Entertainment -
82 82-56 82-56-03102 Messing Expenses -
82 82-56 82-56-03103 Ent.Out Station Guest 2,778
82 82-92 82-92 Lease Rentals
82 82-92 82-92-00001 Vehicles - Lease Rental -
82 82-95 82-95 Depreciation & Amortization
82 82-95 82-95-00001 Depreciation -
82 82-95 82-95-04235 Computers - Depreciations -
82 82-95 82-95-04240 Electric - Installations - Depreciation -
82 82-95 82-95-04280 Computer Software - AZM - Amortization -
82 82-97 82-97 Misc. Expenses
82 82-97 82-97-00001 Other Admin. -
82 82-97 82-97-00002 Charity (Masjid Bill) -
82 82-97 82-97-00003 Charity A/C 6,000
84 84 84 MARKETING & SELLING EXPENSES
84 84-11 84-11 Salaries and Allowances
84 84-11 84-11-01001 Basic Salaries 47,375
84 84-11 84-11-01005 Allowances 750
84 84-11 84-11-01010 Wages -
84 84-11 84-11-01015 Overtime -
84 84-11 84-11-01025 Contract Labour -
84 84-12 84-12 Benefits
84 84-12 84-12-01050 Ex-Gratia / Bonus -
84 84-12 84-12-01053 Leave Encashment -
84 84-12 84-12-01055 Group Insurance -
84 84-12 84-12-01058 Fidelity Gaurantee Insurance -
84 84-12 84-12-01060 EOBI Contribution -
84 84-12 84-12-01062 Education Cess -
84 84-12 84-12-01064 Employees Social Security Cont.(PESSI) -
84 84-12 84-12-01066 Workers Welfare Expenses -
84 84-12 84-12-01068 Medical Expenses -
84 84-12 84-12-01070 Hospitalization Expenses -
84 84-12 84-12-01072 Housing Expenses -
84 84-12 84-12-01074 Canteen Subsidy -
84 84-12 84-12-01076 Haj Expenses -
84 84-12 84-12-01078 Inam / Rewards -
84 84-12 84-12-01080 Utilities Paid for Employees -
84 84-12 84-12-01081 Electricity -Utilities Paid for Employes -
84 84-12 84-12-01082 Gas - Utilities Paid for Employees -
84 84-12 84-12-01083 Water - Utilities Paid for Employees -
84 84-12 84-12-01084 Telephone - Utilities Paid for Employees -
84 84-12 84-12-01090 Uniform - New Expenses -
84 84-12 84-12-01092 Uniform - Washing Etc. -
84 84-12 84-12-01094 Incentives - Employees -
84 84-12 84-12-01096 Commission -