WC

Profit & Loss Accounts

For the month ended January 31, 2017
Wing Chair Girogio TOTAL

NOTES RUPEES RUPEES RUPEES

-
NET SALES/Receipts 5 32,513,000 180,000 32,693,000

COST OF SALES/Mfg Exp 1 (20,078,406) (135,000) (20,213,406)

GROSS PROFIT 12,434,594 45,000 12,479,594

OPERATING EXPENSES
Administration Expenses 2 2,508,719 182,785 2,691,504
Selling Expenses 3 3,533,094 714,458 4,247,552
6,041,813 897,243 6,939,056

OPERATING PROFIT 6,392,781 (852,243) 5,540,538

Other Income - - -

Financial Charges 278,000 278,000

6,114,781 (852,243) 5,262,538

Taxation 23,225 - -
Net Profit/Loss After Tax 6,091,556 (852,243) 5,262,538

The annexed notes from 1 to 17 form an integral part of these Financial Statements.

CHIEF EXECUTIVE DIRECTOR

Wing Chair Pakistan
(Pvt) Ltd. JAUNUARY DECEMBER NOVEMBER OCTOBER SEPTEMBER
For the Period Ranging SEP 17- JAN 18

NOTES Wing Chair Girogio TOTAL Wing Chair Girogio TOTAL Wing Chair Girogio TOTAL Wing Chair Girogio TOTAL Wing Chair Girogio TOTAL

COST OF SALES
Direct Material 1.1 10,956,456 10,956,456 7,641,358 7,641,358 7,837,257 7,837,257 6,378,813 - 6,378,813 4,512,511 4,512,511
Manufacturing Expenses 1.2 9,121,950 135,000 9,256,950 8,834,370 - 8,834,370 10,154,180 - 10,154,180 6,991,249 - 6,991,249 5,951,863 - 5,951,863
Add-Opening Stock 7,500,000 7,500,000 6,000,000 6,000,000 1,700,000 1,700,000 3,200,000 - -
less closing stock (Aprox) (7,500,000) (7,500,000) (7,500,000) (7,500,000) (7,500,000) (7,500,000) (1,700,000) (1,700,000) (3,200,000) (3,200,000)
20,078,406 135,000 20,213,406 14,975,728 - 14,975,728 12,191,437 - 12,191,437 14,870,062 - 11,670,062 2,751,863 - 2,751,863
Direct Material
Carpentary 4,116,510 - 4,116,510 2,802,733 - 2,802,733 3,355,718 - 3,355,718 2,689,580 - 2,689,580 1,783,398 - 1,783,398
Poshish/Fabric 1,588,840 - 1,588,840 4,786,918 - 4,786,918 1,483,643 - 1,483,643 1,071,525 - 1,071,525 1,896,386 - 1,896,386
Finishing 2,689,577 - 2,689,577 2,517,136 - 2,517,136 2,236,445 - 2,236,445 1,950,857 - 1,950,857 1,643,566 - 1,643,566
Fitting 1,768,014 - 1,768,014 - - - - - - - - - - - -
Others 243,515 - 243,515 637,304 - 637,304 1,161,451 - 1,161,451 366,851 - 366,851 539,161 - 539,161
Add-Opening Stock 1,750,000 1,750,000 1,450,000 1,450,000 1,050,000 1,050,000 1,350,000 - 1,350,000 - - -
Closing Stock (1,200,000) - (1,200,000) (1,750,000) - (1,750,000) (1,450,000) - (1,450,000) (1,050,000) - (1,050,000) (1,350,000) - (1,350,000)
10,956,456 - 10,956,456 7,641,358 - 7,641,358 7,837,257 - 7,837,257 6,378,813 - 6,378,813 4,512,511 - 4,512,511
-
Manufacturing Expanses
Salaries 5,593,205 - 5,593,205 5,317,724 - 5,317,724 4,823,060 - 4,823,060 4,453,363 - 4,453,363 4,119,689 - 4,119,689
Wages 600,302 - 600,302 505,187 - 505,187 400,495 - 400,495 270,241 - 270,241 267,229 - 267,229
Contractors 2,037,743 2,037,743 1,407,450 1,407,450 1,846,325 1,846,325 1,305,800 1,305,800 894,500 894,500
Factory Rent 402,750 - 402,750 402,750 - 402,750 402,750 - 402,750 402,750 - 402,750 437,750 - 437,750
Electrcity,Diesel water, Maintenance & Power 105,000 - 105,000 377,433 - 377,433 691,190 - 691,190 339,265 - 339,265 126,500 - 126,500
Repair & Maintenance 260,950 - 260,950 692,480 - 692,480 570,500 - 570,500 147,140 - 147,140 17,500 - 17,500
Carriage Inward 2,000 2,000 32,700 32,700 2,000 2,000 18,000 18,000 - - -
Misc+GF 120,000 - 120,000 98,646 - 98,646 1,417,860 - 1,417,860 54,690 - 54,690 88,695 - 88,695
9,121,950 - 9,121,950 8,834,370 - 8,834,370 10,154,180 - 10,154,180 6,991,249 - 6,991,249 5,951,863 - 5,951,863

ADMINISTRATIVE EXPENSES 2
Staff Salaries & Benefits 980,000 167,100 1,147,100 882,931 189,300 1,072,231 805,000 190,000 995,000 705,053 190,000 895,053 655,923 301,000 956,923
Medical 9,000 50 9,050 12,850 - 12,850 7,100 - 7,100 2,500 - 2,500 9,770 - 9,770
Repair / Maintenance 33,120 750 33,870 28,955 6,500 35,455 23,213 7,240 30,453 22,500 18,440 40,940 162,130 49,295 211,425
Utilities/Generator 125,826 630 126,456 103,634 64,259 167,893 18,480 78,576 97,056 113,880 185,774 299,654 175,122 254,881 430,003
Entertainment 336,289 5,425 341,714 228,715 500 229,215 334,702 2,560 337,262 220,938 6,740 227,678 141,115 13,355 154,470
Diesel Expense 7,500 - 7,500 - - 13,252 - 13,252 15,000 - 15,000 15,000 - 15,000
Fuel Expense 119,280 3,250 122,530 152,734 1,750 154,484 140,060 6,350 146,410 91,800 1,750 93,550 74,218 670 74,888
Printing & Stationery 11,900 - 11,900 3,500 - 3,500 18,600 - 18,600 20,030 20,170 40,200 17,880 47,750 65,630
Trvelling and Conveyance 136,850 136,850 87,610 500 88,110 50,320 - 50,320 20,470 1,650 22,120 48,680 2,400 51,080
Legal and professional 47,000 - 47,000 116,000 - 116,000 95,000 - 95,000 40,000 - 40,000 142,500 - 142,500
Workers Walfare 344,400 - 344,400 578,800 - 578,800 15,000 - 15,000 12,000 - 20,000 -
Social Securities 56,100 - 56,100 56,100 - 56,100 56,100 - 56,100 56,100 - 56,100 56,100 - 56,100
Vehicle Repair and maintenace 44,500 - 44,500 - - - 104,970 - 104,970 8,600 - 8,600 18,500 - 18,500
Communication, postage and courier 23,296 5,320 28,616 94,561 27,562 122,123 81,587 26,280 107,867 189,401 28,030 217,431 63,961 29,070 93,031
Computer,Laptop,Printer Expense - - - 45,500 - 45,500 17,000 - 17,000 - - - 1,000 - 1,000
Miscellaneous, 233,658 260 233,918 393,602 7,212 400,814 58,676 74,766 133,442 188,504 35,005 223,509 103,420 15,739 119,159
2,508,719 182,785 2,691,504 2,785,492 297,583 3,083,075 1,839,060 385,772 2,224,832 1,518,272 452,554 1,958,826 1,705,319 714,160 2,399,479

SELLING EXPENSES 3

Advertising and Marketing 687,833 20,000 707,833 641,833 20,000 661,833 ### 20,000 661,833 ### - - ### - 656,833
Exibition - 770,000 - - - - -
Rent show rooms 1,115,311 694,458 ### 1,115,311 694,458 ### 1,115,311 694,458 ### 1,115,311 694,458 982,142 634,640 ###
Commission Expense 1,625,650 - ### ### - ### ### - 868,750 ### - - ### 20,000 496,261
Carriage Outward 104,300 - 104,300 1400 - 1,400 55,000 - 55,000 10,000 - - 25,000 - 25,000
Give Aways - - - 14,000 - 14,000 ### - 510,100 1,200 - -
- - - -
3,533,094 714,458 4,247,552 3,839,044 714,458 3,783,502 3,190,994 714,458 3,905,452 2,726,244 694,458 - 2,616,497 674,640 3,291,137

FINANCIAL CHARGES 4

Mark Up 275,000 - 275,000 275,000 - 275,000 275,000 - 275,000 275,000 - - 250,000 - 250,000
Bank Charges 3,000 - 3,000 3,000 - 3,000 3,000 - 3,000 3,000 - - 6,000 - 6,000
Trf to Wing Chair - - - - -
278,000 - 278,000 278,000 - 278,000 278,000 - 278,000 278,000 - - 256,000 - 256,000

SALES/Receipts 5 - - - - -
Sale 32,513,000 180,000 32,693,000 25,930,000 - 25,930,000 17,375,000 - 17,375,000 18,858,000 - 8,097,000 695,000 8,792,000
32,513,000 180,000 32,693,000 25,930,000 - 25,930,000 17,375,000 - 17,375,000 18,858,000 - - 8,097,000 695,000 8,792,000