FUTURE IMAGE

Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.

Statement of Financial Position
Prop.: Janab Zia Uddin (Titu)
As at 31st December, 2022

Amount In Taka Amount In Taka Amount In Taka

Particulars Notes
2022 2021 2020
Assets
Non Current Assets
Property Plant & Equiptments Schedule-A 2,746,561 2,891,116 3,043,280
2,746,561 2,891,116 3,043,280

Current Assets
Inventories 3.00 12,655,060 11,504,600 11,150,040
Trade & Other Receivables 4.00 7,787,658 7,079,689 6,764,989
Advance, Deposit & Prepayments 5.00 4,010,584 3,645,985 3,548,850
Cash & Cash Equivalents 6.00 771,845 887,658 855,985
25,225,147 23,117,932 22,319,864

Total Assets 27,971,707 26,009,048 25,363,144

Equity & Liabilities

Capital 14,440,659 13,384,645 15,627,413
Profit during the year 913,787 1,056,014 3,059,099
15,354,446 14,440,659 18,686,512
Drawings - - 5,301,866
15,354,446 14,440,659 13,384,645

Non-Current Liabilities
Long Term Loan 7.00 - - -

Current Liabilities
Trade & Other Payables 8.00### 2,463,192 2,052,660 1,737,000
Liabilities For Expenses 2,296,054 2,372,079 112,640
Provisions For Tax 9.00 693,990 630,900 330,900
Short Term Loan 10.00 7,164,025 6,512,750 9,797,959
12,617,261 11,568,389 11,978,499

Total Equity & Liabilities 27,971,707 26,009,048 25,363,144

...........................................
Proprietor
Signed in terms of our separete report of even date.
........................................................
(MD AMINUL ISLAM FCA)
HUDA HOSSAIN & CO.
CHARTERED ACCOUNTANTS
 FUTURE IMAGE
Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Statement of Profit or Loss & Other Comprehensive Income
Prop.: Janab Zia Uddin (Titu)
For the year ended 31st December, 2022

Amount In Taka Amount In Taka Amount In Taka

Particulars Notes
2022 2021 2020

Sales 13,872,450 12,063,000 42,736,892

Less:Cost of Goods Sold 11.00 ### 8,878,368 7,720,320 36,326,358
Gross Profit 4,994,082 4,342,680 6,410,534
Add; Others Income - - -
4,994,082 4,342,680 6,410,534
Less: Operating Expenses:
Administrative & Selling Expenses 12.00 2,935,512 2,689,852 2,494,148
Total Operating Profit/(Loss) 2,058,570 1,652,828 3,916,386
Less: Financial Expenses 13.00 1,135,554 586,148 826,387
Net Profit/(Loss) Before Income Tax 923,017 1,066,681 3,089,999
Less: Provision For Income Tax 9,230 10,667 30,900
Net Profit/(Loss) After Income Tax 913,787 1,056,014 3,059,099

Signed in terms of our separete report of even date.

 FUTURE IMAGE
Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Statement Of Cash Flows
Prop.: Janab Zia Uddin (Titu)
For the year ended 31st December, 2022

1.CASH FLOW FROM OPERATING ACTIVITIES: 2022 2021

Net Income 913,787 1,056,014

(Increase)/Decrease In Inventory (1,150,460) (354,560)
(Increase)/Decrease In Trade & Other Receivables (707,969) (314,700)
(Increase)/Decrease in Advance,Deposit & Prepayments (364,599) (97,135)
Increase/(Decrease) in Trade & Other Payables 410,532 315,660
Increase/(Decrease) In Provisions For Tax 63,090 300,000
Increase/(Decrease) Liabilities For Expense (76,025) 2,259,439
Depreciation 144,556 152,164
Net Cash Used by Operating Activities (767,088) 3,316,882

2.CASH FLOW FROM INVESTING ACTIVITIES:

Inflows:
Sale Of Property,Plant & Equipment - -
Capital - -
Outflows:
Preliminary Expenses - -
Purchase Property,Plant & Equipment - -
Purchase Investment In Debt Or Securities - -
Net Cash Used by Investing Activities - -

3.CASH FLOW FROM FINANCIAL ACTIVITIES:

Inflows:
Loan Received 651,275 (3,285,209)
Additional Capital
Issuance Of Debt (Bond & Notes) - -
Outflows:
To Stockholders as Dividend - -
Drawings / Dividend - -
To Redeem Long Term Debt (Treasury Stock) - -
Issuance Of Bonds Payable - -
Net Cash Provided by Financial Activities 651,275 (3,285,209)

Net Cash Increase (115,813) 31,673

Opening Cash & Bank Balance 887,658 855,985

Closing Cash & Bank Balance 771,845 887,658

 FUTURE IMAGE
ahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Statement Of Cash Flows
Prop.: Janab Zia Uddin (Titu)
For the year ended 31st December, 2022

2020

3,059,099
(1,013,640)
(365,000)
(852,850)
206,000
30,900
105,940
160,173
1,330,621

-
-

-
-
-
-

4,317,459

-
(5,301,866)
-
-
(984,407)

346,214
509,771

855,985
 FUTURE IMAGE
Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Prop.: Janab Zia Uddin (Titu)
Notes to the Financial Statements
For the year ended 31st December, 2022

Note No. Particulars

1 Reporting Entity :

FUTURE IMAGE is sole proprietorship Business and it's office situated at Shamsun Nahar
Villa,Bakalia Excess Road,Bakalia, Chattagram.

2 SIGNIFICANT ACCOUNTING POLICIES:

2.1 Basis of Accounting:
The Financial Statements have been prepared on a going concern basis using accrual method of
accounting and in accordance with the Bangladesh Accounting Standards (IAS) and in compliance
with the Companies with the Companies Act 1994.

2.2 Accounting Policies :

The Accounting policies were selected and applied consistently for significant transactions and
events to all periods presented in these financial statements.

2.3 Property, Plant and Equipment are stated at cost less accumulated depreciation. Cost represents
cost of acquisition or constrruction and include purchase price and other cost directly attributable to
the acquisition of assets.Depreciation on non-current assets in computed using the reducing
balance method over the estimate useful life.Considering the estimated useful life of assets the
following rates have been consistently applied.

2.4 Reporting Period :

Financial Statements of the company cover the period from 1st July to 30th June Consistently

2.5 Reporting currency and level of precision :

The figures in the Financial Statements represents Bangladesh Taka ( BDT) currency which have
been rounded off to the nearest taka.
2.5 Comparative Information :
Comparative Information have been disclosed in respect of years for all numerical information in the
financial statements and also the narratives and descriptive information when it is revant for
understanding of the current year's financial statements.
 FUTURE IMAGE
Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Notes to the Financial Statements
Prop.: Janab Zia Uddin (Titu)
For the year ended 31st December, 2022

Amount In Taka Amount In Taka Amount In Taka

Note No. Perticulars
2022 2021 2020

3.00 Inventories 12,655,060 2,891,116 11,150,040

4.00 Trade & Other Receivables

As Per Last Year 7,079,689 6,764,989 6,399,989
Add: Credit Sales During the Year 1,415,938 465,480 365,000
8,495,627 7,230,469 6,764,989
Less: Received During the Year 707,969 150,780 -
7,787,658 7,079,689 6,764,989

5.00 Advance, Deposit & Prepayments

As Per Last Year 3,645,985 3,548,850 2,696,000
Add: During the Year 729,197 340,985 852,850
4,375,182 3,889,835 3,548,850
Less: Adjustment 364,599 243,850 -
4,010,584 3,645,985 3,548,850

6.00 Cash & Equivalent

Cash In Hand & Bank 771,845 887,658 855,985
771,845 887,658 855,985

7.00 Long Term Loan

- - -
- - -

8.00 Trade & Other Payables

As Per Last Year 2,052,660 1,737,000 1,531,000
Add: During the Year 615,798 932,450 206,000
2,668,458 2,669,450 1,737,000
Less: Payment During the Year 205,266 616,790 -
2,463,192 2,052,660 1,737,000

9.00 Provisions For Tax

As Per Last Year 630,900 330,900 300,000
Add: During the Year 63,090 300,000 30,900
693,990 630,900 330,900
Less: Adjustment - - -
693,990 630,900 330,900

11.00 Cost of Goods Sold

Opening Stock 11,504,600 11,150,040 10,136,400
Add: Purchase - 7,937,160 37,214,798
11,504,600 19,087,200 47,351,198
Less: Closing Stock 12,655,060 11,504,600 11,150,040
8,340,860 7,582,600 36,201,158
Add: Direct Expenses
Labour & Wages 79,618 72,380 65,800
Electricity Bill 40,656 36,960 33,600
Carriage Inward 9,075 8,250 7,500
Other Direct Expenses 22,143 20,130 18,300
151,492 137,720 125,200

Cost of Goods Sold 8,492,352 7,720,320 36,326,358

12.00 Administrative & Selling Expenses

Salary & Allowance 1,769,738 1,608,852 1,462,593
Travelling & Conveyance 83,086 75,533 68,666
Office rent, Rate & Taxes 456,975 415,432 377,665
Carrying Inword 33,235 30,214 27,467
Carrying Outword 83,086 75,533 68,666
Audit Fee 4,999 5,000 6,240
Telephone & Mobile 58,158 52,871 48,065
Printing & Stationary 24,926 22,660 20,600
Paper & Periodicals 11,633 10,575 9,614
License & Renewal 7,553 6,866 6,242
Electric Bill & expense 33,235 30,214 27,467
Entertainment & Fooding 166,173 151,066 137,333
Miscellaneous Expenses 58,159 52,872 48,066
Depreciation 144,556 152,164 185,464
2,935,512 2,689,852 2,494,148

13.00 Financial Expenses

Bank Charges & Interest 1,135,554 586,148 826,387
1,135,554 586,148 826,387
 FUTURE IMAGE
Shamsun Nahar Villa,Bakalia Excess Road,Bakalia, Chattagram.
Schedule of Property Plant & Equiptments
Prop.: Janab Zia Uddin (Titu)
As at 31st December, 2022

Cost Depreciation
Rate of Dep. W. D. V as on
SL No. Particulars Addition During the Disposals During Balance as o2 Charged During the
Opening Balance (%) 31.12.2022
Year the yaer 31.12.2022 Year
1 Machnery 2,304,517 - - 2,304,517 5% 115,226 2,189,291
2 Furniture & Fixture 139,669 - - 139,669 5% 6,983 132,686
3 Computer 223,468 - - 223,468 5% 11,173 212,295
4 Air Condition 139,662 - - 139,662 5% 6,983 132,679
5 CC TV 13,967 - - 13,967 5% 698 13,269
6 Sundry Assets 69,834 - - 69,834 5% 3,492 66,342
Total 2,891,116 - - 2,891,116 144,556 2,746,561