The document provides the annual financial statements for Maun Hindu Society for the year ended September 30, 2013. It includes the statement of financial position, statement of comprehensive income, statement of cash flows, accounting policies, and notes. The society operates in Botswana and had total assets of BWP396,582, including property, plant and equipment worth BWP355,315. It generated income of BWP28,615 but had expenditures of BWP29,753, resulting in a loss of BWP1,137 for the year.

1. For the financial year ended September 30, 2013
ANNUAL FINANCIAL STATEMENTS
MAUN HINDU SOCIETY
(Registrar of Societies Registration No. CR: 5673)
(Registered under the Societies Act of Botswana)

2. Maun Hindu Society
(CR: 5673)
Index
Index Page
General Information 2
Excecutive Committee's Responsibilities and Approval 3
Independent Compiler's Report 4
Statement of Financial Position 5
Statement of Comprehensive Income 6
Statement of Cash Flows 7
Accounting Policies 8 - 9
Notes to the Annual Financial Statements 10
Detailed Income Statement 11
The reports and statements set out below comprise the financial statements preseneted to the members:
Maun Hindu Society Page1

3. Financial Statements for the year ended September 30, 2013
General Information
Nature of Business and Principal Activities Religious and Charitable Society
Country of incorporation and domicile Botswana
Society Registration Number CR: 5673
Currency of operations Botswana Pula (BWP)
Executive Committee
President Mr. Shrenik Shah
Vice - President Mr. Susheel Bhanot
Secretary Mr. Shain Vyomakeshan
Vice - Secretary Mr. Sanjay A. Board
Treasurer Mr. Pradip Barodia
Postal Address P. O. Box 20420
Maun
Physical Address Maun
Banker Standard Chartered Bank
Maun
Compiler MASS International
Chartered Accountants
Maun
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4. Maun Hindu Society
(CR: 5673)
Executive Committees' Responsibility And Approval Statement
Approval of financial statements
In our opinion, the financial statements of Maun Hindu Society, set out on pages 5 to 11 are properly drawn up
inaccordance with the Societies Act and Generally Accepted Accounting Principles in Botswana so as to
present fairly, in all material respects, the state of affairs of the Temple as at September 30, 2013 and of the
results, income and expediture and cash flows of the society for the financial year ended on that date.
TreasurerVice - President Secretary Vice - Secretary
Date: Date: Date: Date:
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5. Financial Statements for the year ended September 30, 2013
Independent Compiler's Report
To the members of Maun Hindu Society
Mass International Maun
Chartered Accountants
On the basis of information provided by the executive committee we have compiled, in accordance with the
statement of International Standard on Related Services applicable to compilation engagements, the statement of
financial position of Maun Hindu Society at 30 September, 2013 and statements of income for the year then ended.
The executive committee is responsible for these annual financial statements.
Maun Hindu Society Page4

6. Maun Hindu Society
(CR: 5673)
Statement of Financial Position as at September 30, 2013
Figures in Pula Note (s) 2013 2012
ASSETS
Non-current Assets
Property, Plant & Equipment 2 355,315 365,248
355,315 365,248
Current Assets
Cash and cash equivalents 3 41,267 32,471
41,267 32,471
TOTAL ASSETS 396,582 397,719
FUND, RESERVES AND LIABILITIES
Fund & Reserves
Accumulated Surplus 396,582 397,719
396,582 397,719
TOTAL FUND, RESERVES AND LIABILITIES 396,582 397,719
Vice - Chairman
The annual financial statements and the notes on pages 5 to 10, were approved by the committee and were signed on its behalf
by:
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7. Financial Statements for the year ended September 30, 2013
Statement of Comprehensive Income for the year ended on September 30, 2013
Figures in Pula Note (s) 2013 2012
Income 4 28,615 10,298
Expenditure 5 (29,753) (13,368)
Profit / (Loss) for the year (1,137) (3,071)
Accumulated Surplus at the beginning of the year 397,719 400,790
Accumulated Surplus at the end of the year 396,582 397,719
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8. Maun Hindu Society
(CR: 5673)
Cash Flow Statement
Figures in Pula Note (s) 2014 2013
Operating activities
Profit before taxation (1,137) (3,071)
Adjustment for non cash items
Depreciation 2 9,933 9,933
Other non cash items - -
Net cash generated from operating activities 9,933 9,933
Total cash movement for the year 8,796 6,862
Cash at beginning of the year 32,471 25,609
Total cash at the end of the year 5 41,267 32,471
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9. Financial Statements for the year ended September 30, 2013
Notes to the Annual Financial Statements
These notes forms an integral part of and should be read in conjuction with the accopanying financial statements.
1 ACCOUNTING POLICIES
1.1 Statement of Compliance
1.2 Basis of Preparation
1.3 Foreign currency transactions
1.4 Property, plant and equipment
1.4.ii Depreciation
Item Rate
Land 0
Building 2.5%
Furniture & Fixtures 10%
Depreciation is calculated on a straight-line method to write off the cost of the property, plant and equipment
over their estimated useful lives at the following annual rates:
Gains and losses on disposal are determined by comparing proceeds with the carrying amount and are included
in the income statement before tax.
Repairs and maintenance is charged to the income statement during the financial period in which it is incurred.
The cost of major renovations is included in the carrying amount of the asset when it is probable that the future
economic benefits of the existing assets will flow to the society.
The annual financial statements have been prepared in accordance with International Financial Reporting
Standards, and the Socities Act of Botswana. The annual financial statements have been prepared on the
historical cost basis, and incorporate the principal accounting policies set out below. They are presented in Pulas.
The financial statements have been prepared in accordance with International Financial Reporting Standards
(IFRSs) and its interpretations issued by the International Accounting Standards Board (IASB).
The financial statements are presented in Pula. The financial statements are prepared on the historical-cost
basis,modified by the revaluation of financial instruments to fair value.
The preparation of financial statements in confirmity with IFRSs requires management to make judgements,
estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities,
income and expenses. The estimates and associated assumptions are based on historical experiences and various
other factors that are beleived to be reasonable believed to be reasonable under the circumstances, the results
which form the basis of making the judgements about carrying values of assets and liabilities that are not readily
apparent from other sources. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the year in which the estimates is revised if the revision affects only that year, or in the year of
the revision and future years if the revision affects both current and future years.
The accounting policies set out below have been applied consistently to all years presented in these financial
statements.
Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the
transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are
translated to Pula at the foreign exchange ruling at that date. Non monetary assets and liabilities that are
measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of
the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair
value are translated to Pula at foreign exchange rates ruling at the dates the fair value was determined. Foreign
exchange differences arising on translation are recognized in the income statement.
Items of property,plant and equipment is stated at cost less accumulated depreciation and impairment losses.
Depreciation is calculated on the difference between the cost and residual value of the assets and is charged to
the income statement over the useful lives of the equipment, using the straight-line method.
Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as
separate items of property, plant and equipment.
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10. Maun Hindu Society
(CR: 5673)
Notes to the Annual Financial Statements
1 ACCOUNTING POLICIES (continued…..)
1.5 Impairment
1.6 Financial instruments
Cash and Cash equivalents
1.7 Provisions
Provisions are recognised when the society has a present legal or constructive obligation as a result of past
events, for which 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. Where the effect of discounting to prevent value
is material, provisions are adjusted to reflect the time value of money.
Where the society expects a provision to be reimbursed, the reimbursement is recognised as a separate asset, but
only when the reimbursement is virtually certain.
The carrying amounts of the society's assets are reviewed at each balance sheet date to determine whether there
is any indication of impairment. If there is any indication that an asset is impaired,its recoverable amount is
estimated. The recoverable amount is the higher of its fair value less costs to sell and its value in use. An
impairment loss is recognised in the income statement whenever the carrying amount of an asset exceeds its
recoverable amount. In assessing the use, the expected future cash flows from the asset are discounted to their
present value using a pre-tax discount rate that reflects current market assessments of the time value of money
and the risk specific to the asset.
A previously recognised impairment loss is reversed if the recoverable amount increases as a result of change in
the estimates used to determine the recoverable amount, but not to an amount higher than the carrying amount
that would have been determined (net of amortisation) had no impairment loss being recognised in prior years.
Cash and cash equivalents are measured at fair value, by refrence to expected cash flows and current market
interest rates.
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11. Financial Statements for the year ended September 30, 2013
Notes to the Annual Financial Statements
Figures in Pula 2013 2012
2. Property, Plant & Equipment
Land 20,971 - 20,971 20,971 - 20,971
Buildings 393,536 (59,657) 333,879 393,536 (49,819) 343,717
Furniture & Fixtures 950 (485) 465 950 (390) 560
Total 415,457 (60,142) 355,315 415,457 (50,209) 365,248
Reconciliation of property, plant and equipment - 2013
Opening Addition Depreciation Total
balance -
Land 20,971 - - 20,971
Buildings 343,717 - (9,838) 333,879
Furniture & Fixtures 560 - (95) 465
365,248 - (9,933) 355,315
Reconciliation of property, plant and equipment - 2012
Opening Addition Depreciation Total
balance -
Land 20,971 - - 20,971
Buildings 353,555 - (9,838) 343,717
Furniture & Fixtures 655 - (95) 560
375,181 - (9,933) 365,248
3. Cash and cash equivalents
Cash and cash equivalents consists of:
Cash in hand 2 4,050
Bank Balances 41,265 28,421
41,267 32,471
4. Income
Donations 21,873 3,400
Interest from Bank 262 148
Legacies & Bequests 80 -
Membership Fees 6,400 6,750
28,615 10,298
5. Expenses
Bank Charges 700 685
Cleaning Charges 580 -
Depreciation Expenses 9,933 9,933
Festival Expenses 500 -
Programme Expenses 17,840 2,500
Repairs & Maintenance - 250
Water & Electricity 200 -
29,753 13,368
20122013
Cost /
Valuation
Accumulated
depreciation Carrying value
Cost /
Valuation
Accumulated
depreciation Carrying value
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12. Maun Hindu Society
(CR: 5673)
Detailed Income Statement
Note (s) 2013 2012
Incomes
Donations 21,873 3,400
Interest from Bank 262 148
Legacies & Bequests 80 -
Membership Fees 6,400 6,750
28,615 10,298
Expenditures
Bank Charges 700 685
Cleaning Charges 580 -
Depreciation Expenses 9,933 9,933
Festival Expenses 500 -
Programme Expenses 17,840 2,500
Repairs & Maintenance - 250
Water & Electricity 200 -
29,753 13,368
Profit for the year (1,137) (3,071)
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