Profit & Loss: Velka Engineering LTD

3:15 PM
08-06-12
Accrual Basis
Velka Engineering Ltd
Profit & Loss

Jan 2012
January through
May 2012 Feb 2012
Mar 2012
Ordinary Income/Expense
Income
Rental Income
30,250.00
30,250.00
30,250.00
1,690,436.48
7,887,691.38
12,899,031.99
1,720,686.48
7,917,941.38
12,929,281.99
64,725.75
88,301.90
133,384.40
Equipment Rental
0.00
14,000.00
0.00
Expensed Equipment
0.00
0.00
0.00
Gas
0.00
162,700.00
161,650.00
Factory Consumables - Other
0.00
4,233.31
0.00
0.00
166,933.31
161,650.00
Sales
Total Income
Cost of Goods Sold

Casuals
Factory Consumables
Total Factory Consumables
Freight & Clearing

Purchases
Sub - Contract
Sub contract
58,172.70
30,806.20
264,871.00
3,579,993.55
8,603,065.50
5,259,078.33
29,000.00
2,000.00
40,635.00
1,000.00
0.00
0.00
30,541.03
61,350.00
170,317.24
3,763,433.03
8,966,456.91
6,029,935.97
-2,042,746.55
-1,048,515.53
6,899,346.02
0.00
22,643.00
Bank Service Charges
5,505.00
17,575.60
6,510.00
Cleaning Expenses
1,700.00
3,535.34
2,562.93
Transport Expenses
Total COGS
Gross Profit
Expense
Bank Interest
Electricity Expenses
Water Expenses
Electricity Expenses - Other
Total Electricity Expenses
Environmental Audit Expenses

Fines & Penalties
General Expenses
1,700.00
1,200.00
2,595.00
28,443.73
30,551.21
75,000.00
30,143.73
31,751.21
77,595.00
0.00
0.00
11,206.90
82,474.00
45,724.00
0.00
750.00
0.00
0.00
Insurance
0.00
476,461.00
0.00
Internet Expenses
0.00
0.00
3,000.00
Kenya Bureau of Standards Levy
6,938.00
16,964.00
15,166.00
Licenses and Permits
9,350.00
0.00
0.00
Motor Vehicle Expenses

Fuel Expenses
19,522.00
58,955.00
54,154.00
M/V Insurance
0.00
114,714.00
0.00
24,499.66
29,520.17
22,539.82
44,021.66
203,189.17
76,693.82
Motor Vehicle Expenses - Other

Total Motor Vehicle Expenses
Page 1 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

Jan 2012
January through
May 2012 Feb 2012
Mar 2012
Newspapers and Subscriptions
0.00
2,500.00
0.00
Postage and Delivery
0.00
0.00
0.00
1,102.41
111,540.52
1,422.41
25,000.00
40,500.00
12,931.03
Legal Fees
0.00
0.00
112,440.00
Professional Fees - Other
0.00
0.00
17,500.00
25,000.00
40,500.00
142,871.03
453.85
0.00
0.00
Printing and Stationary

Professional Fees
Accounting Expenses
Total Professional Fees
Rent
Land rates
Service Charge
45,000.00
0.00
0.00
228,426.00
228,426.00
228,426.00
273,879.85
228,426.00
228,426.00
43,150.00
8,155.86
7,793.11
Salaries & Wages
532,908.25
492,842.10
560,228.25
Security Expenses
26,900.00
7,200.00
13,200.00
Software Expense
0.00
0.00
0.00
Rent - Other
Total Rent
Repair & Maintenance
Staff Training & Welfare

DIT Levy
Meals
Medical Expenses
Office Expenses
Work Permit Expenses
Staff Training & Welfare - Other
Total Staff Training & Welfare
Suspense
Telephone Expenses
0.00
1,300.00
1,300.00
1,915.00
3,160.00
3,692.00
0.00
8,000.00
20,180.00
6,600.00
6,500.00
1,400.00
0.00
0.00
0.00
9,344.00
13,090.00
23,930.00
17,859.00
32,050.00
50,502.00
0.00
-50.00
0.00
6,145.62
7,607.51
2,786.51
0.00
20,000.00
0.00
0.00
20,000.00
0.00
1,107,827.52
1,768,615.31
1,199,963.96
-3,150,574.07
-2,817,130.84
5,699,382.06
-3,150,574.07
-2,817,130.84
5,699,382.06
Travel & Ent

Travel
Total Travel & Ent
Total Expense
Net Ordinary Income
Net Income
Page 2 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

Apr 2012
January through
May 2012May 2012
Jun 2011
Income
Rental Income
0.00
48,000.00
9,853,943.98
6,719,944.65
9,853,943.98
6,767,944.65
7,858,209.70
16,292.00
57,067.00
61,525.25
Equipment Rental
0.00
0.00
Expensed Equipment
0.00
2,500.00
119,000.00
123,500.00
Sales
Total Income
48,000.00
7,810,209.70
Cost of Goods Sold

Casuals
14000.00
0.00
Factory Consumables
Gas
Freight & Clearing

Purchases
Sub - Contract
Sub contract
10,000.00
1,000.00
129,000.00
124,500.00
113370
0.00
113370
65,248.00
0.00
83,819.58
4,243,520.46
4,297,472.05
5,196,625.98
50,500.00
5,200.00
3,000.00
0.00
0.00
19,850.00
172,970.00
4,524,410.46
4,659,709.05
5,484,821.21
5,329,533.52
2,108,235.60
2,373,388.48
57,690.00
0.00
1,639.68
22,522.00
Cleaning Expenses
1,700.00
1,700.00
Transport Expenses
Total COGS
Gross Profit
0.00
91005.654
Expense
Bank Interest
25297.66667
10750.456
1,700.00
Water Expenses
2,825.00
450.00
102,830.89
172,111.76
105,655.89
172,561.76
83,541.52
0.00
2,060.00
0.00
Fines & Penalties
0.00
0.00
0.00

General Expenses
1754
81787.518
0.00
0.00
0.00
4,210.00
-36,332.00
0.00
0.00
0.00
25,862.00
19,707.00
0.00
0.00
Fuel Expenses
41,640.00
80,732.00
M/V Insurance
0.00
0.00
50,070.00
20,625.17
29450.964
91,710.00
101,357.17
80451.564
Insurance
Internet Expenses
4000
16927.4
0.00

51000.6
0.00
Page 3 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

Apr 2012
January through
May 2012May 2012
Jun 2011
1,350.00
1,100.00
1,100.00
534.48
0.00
0.00
28,050.17
1,480.00
28719.102
32,431.03
30,431.03
28258.618
Professional Fees
Accounting Expenses
Legal Fees
0.00
0.00
0.00
0.00
5,000.00
0.00
32,431.03
35,431.03
0.00
0.00
28258.618
Rent
Land rates
Service Charge
0.00
45,000.00
0.00
0.00
228,426.00
228,426.00
228,426.00
273,426.00
228,426.00
228,426.00
0.00
11,329.31
14085.656
Salaries & Wages
823,114.15
868,135.03
655445.556
Security Expenses
27,400.00
7,200.00
Software Expense
1,500.00
0.00
Rent - Other
Total Rent
16380
0.00

DIT Levy
1,500.00
1,500.00
Meals
11,915.00
4,771.21
5090.642
Medical Expenses
10717.37
15,206.85
10,200.00
Office Expenses
0.00
3,420.00
0.00
200.00

Suspense
Telephone Expenses
1,300.00
3584
0.00
1,890.00
71,190.00
30,511.85
91,281.21
23888.8
44,580.81
0.00
-1,038.75
0.00
15,315.96
13,448.31
0.00
0.00
0.00
0.00
0.00
0.00
1,522,101.21
1,540,368.07
1,244,725.13
3,807,432.31
567,867.53
1,128,663.35
3,807,432.31
567,867.53
1,128,663.35
9060.782
Travel & Ent

Travel
Total Travel & Ent
Total Expense
Net Ordinary Income
Net Income
Page 4 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

JulMay
20112012
January through
Aug 2011
Sep 2011
Income
Rental Income
Sales
Total Income
48,000.00
48,000.00
48,000.00
9,034,164.34
9,263,458.93
8,536,344.32
9,082,164.34
9,311,458.93
8,584,344.32
Cost of Goods Sold

Casuals
59,348.60
75,000.00
27,450.40
Equipment Rental
0.00
19000.00
1,21,000.00
Expensed Equipment
0.00
0.00
0.00
Factory Consumables
Gas
136044
130712.8

0.00
136044
88,948.96
Purchases
5,519,952.46
45,000.00
Sub contract
Transport Expenses
0.00
130712.8
Freight & Clearing
Sub - Contract
100,577.51
4,903,329.86
0.00
Gross Profit
3,370,164.34
67,718.81
4,832,180.16
3,000.00
0.00
111448.2946
5,712,000.00
0.00
124525.36
35,000.00
103098.5788
Total COGS
124525.36
0.00
99674.50547
5,115,355.66
4,999,573.48
3,584,770.84
4196103.27
Expense
Bank Interest
22,643.00
11799.5472
Cleaning Expenses
71,453.00
10644.33664
1,700.00
0.00
11471.20397
1,700.00
1,700.00
Water Expenses
1764.8
1877.76
1734.312
92456.2756
104837.2887
110804.7465
94,221.08
106,715.05
112,539.06
0.00
0.00
0.00
Fines & Penalties
0.00
0.00
0.00
General Expenses
0.00
0.00
0.00
Insurance
0.00
0.00
0.00
0.00
0.00
Internet Expenses
2000
18925.28
19317.536
0.00
20147.8432
0.00
0.00

Fuel Expenses
57296.32
M/V Insurance
56964.584
0.00
30441.2248
87737.5448
57526.7008
0.00
30625.43576
87,590.02
0.00
32242.55891
89,769.26
Page 5 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

JulMay
20112012
January through
Aug 2011
Sep 2011
1,350.00
0.00
1,100.00
0.00
0.00
0.00
34242.4404
18782.82448
22254.90738
28910.3416
26592.40992
29324.6859
Professional Fees
Accounting Expenses
Legal Fees
0.00
0.00
0.00
0.00
0.00
0.00
28910.3416
26592.40992
29324.6859
Rent
Land rates
0.00
Service Charge
0.00
0.00
45,000.00
0.00
228,426.00
228,426.00
228,426.00
228,426.00
273,426.00
228,426.00
Rent - Other
Total Rent
0.00
8272.7872
8296.17264
8396.785168
Salaries & Wages
679953.0172
717375.2006
748804.5908
Security Expenses
14276
15691.2
Software Expense
16189.44
0.00
0.00
1,500.00

DIT Levy
1,500.00
1,300.00
1,500.00
Meals
5725.7704
6238.92448
6748.309376
Medical Expenses
12860.844
13833.0128
12563.61536
Office Expenses
2980.8
2276.96
2452.352

0.00
26797.76
Suspense
Telephone Expenses
0.00
29539.312
0.00
30661.1744
49,865.17
53,188.21
53,925.45
0.00
0.00
0.00
9643.8144
10051.07528
11503.98834
Travel & Ent

Travel
Total Travel & Ent
Total Expense
Net Ordinary Income
Net Income
25,000.00
0.00
0.00
25,000.00
0.00
0.00
1,420,823.03
1,357,053.21
2,078,198.32
2775280.237
2,227,717.63
2,078,198.32
2775280.237
2,227,717.63
1,291,966.02
Page 6 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

2011
January throughOct
May
2012
Nov 2011
Income
Rental Income
Sales
Total Income
48,000.00
48,000.00
8,272,824.39
8,320,824.39
8,583,400.33
8,631,400.33
35,852.60
89,763.00
37,000.00
24,000.00
0.00
0.00
125,630.43
126,056.52
Cost of Goods Sold

Casuals
Equipment Rental
Expensed Equipment
Factory Consumables
Gas
Freight & Clearing

Purchases
Sub - Contract
Sub contract
Transport Expenses
Total COGS
Gross Profit
0.00
125,630.43
68,212.97
4,949,912.10
5,000.00
0.00
126056.5184
81,855.56
5,080,400.11
52,000.00
0.00
0.00
115,639.41
5,337,247.51
104173.2879
5,432,191.96
2,983,576.88
3,199,208.37
0.00
0.00
Expense
Bank Interest
Cleaning Expenses
13,437.51
11620.61051
1,700.00
1,700.00
Water Expenses
1,516.17
112,399.52
1729.40928
100457.0693
113,915.69
102,186.48
0.00
0.00
Fines & Penalties
0.00
0.00
General Expenses
0.00
0.00
Insurance
0.00
0.00
Internet Expenses
0.00
0.00

19,005.01
18864.61421
0.00
0.00

Fuel Expenses
60,704.04
M/V Insurance
0.00

28,677.07
89,381.11
56698.44915
0.00
30287.45083
86985.89999
Page 7 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

2011
January throughOct
May
2012
Nov 2011
1,350.00
0.00
0.00
0.00
21,095.85
25019.02582
28,703.42
28357.8945
Professional Fees
Accounting Expenses
Legal Fees
0.00
0.00
0.00
0.00
28,703.42
28357.8945
Rent
Land rates
Service Charge
0.00
0.00
0.00
0.00
228,426.00
228,426.00
Total Rent
228,426.00
228,426.00
Security Expenses
10,076.14
733,942.68
13,947.33
Software Expense
0.00
Rent - Other
Salaries & Wages
9825.508642
707104.2087
15296.7936
0.00

DIT Levy
Meals
Medical Expenses
Office Expenses
Suspense
Telephone Expenses
1,500.00
5,714.97
12,034.97
2,942.82
1,300.00
5903.723501
12401.96212
2847.38688
0.00
0.00
36,415.41
58,608.17
29460.49114
51,913.56
0.00
0.00
10,741.59
10200.2508
Travel & Ent

Travel
Total Travel & Ent
Total Expense
Net Ordinary Income
Net Income
15,000.00
15,000.00
0.00
1,359,330.51
1,297,500.85
1,624,246.37
1,901,707.52
1,624,246.37
1,901,707.52
0.00
Page 8 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

2011
January throughDec
May
2012
TOTAL
Income
Rental Income
474,750.00
8,738,038.46 99,289,488.95
8,786,038.46 99,764,238.95
474,750.00
99,289,488.95
99,764,238.95
668,980.65
75,000.00
2,500.00
668,980.65
75,000.00
2,500.00
48,000.00
Sales
Total Income
Cost of Goods Sold

Casuals
Equipment Rental
183,594.00
0.00
Expensed Equipment
0.00
Factory Consumables
Gas
128,593.82
0.00
1,451,782.93
1,451,782.93
15,233.31
15,233.31
821,083.74 821083.74
128593.8221
Freight & Clearing
81,462.76
991,694.05
5,057,154.94 61,522,685.50
2,500.00
186,835.00
0.00
1,000.00
106806.8147
1,186,874.81
5,431,518.52 65,456,653.75
991,694.05
61,522,685.50
186,835.00
1,000.00
1,186,874.81
65,456,653.75
3,354,519.95 30,111,481.92
30,111,481.92
Purchases
Sub - Contract
Sub contract
Transport Expenses
Total COGS
Gross Profit
Expense
1,700.00
0.00
135,270.58
23,098.27
1724.491136
104190.9796
105,915.47
20,870.95
1,115,870.99
1,136,741.93
0.00
Fines & Penalties
0.00
General Expenses
0.00
Insurance
0.00
Internet Expenses
0.00
13,266.90
128,198.00
750.00
444,339.00
3,000.00
217,076.74
9,350.00
Bank Interest
0.00
11794.64142
Cleaning Expenses
Water Expenses
19252.05705
0.00

Fuel Expenses
57838.01898
M/V Insurance
0.00
30454.7482
88292.76718
653,031.71
114,714.00
359,434.27
1,127,179.99
Page 9 of 10
3:15 PM
08-06-12
Accrual Basis
Profit & Loss

2011
January throughDec
May
2012
TOTAL
1,100.00

0.00
24279.01059
10,950.00
534.48
317,988.68
Professional Fees
Accounting Expenses
28377.7498
Legal Fees
0.00
0.00
28377.7498
339,818.21
112,440.00
22,500.00
474,758.21
Rent
Land rates
0.00
Service Charge
Rent - Other
Total Rent

Salaries & Wages
Security Expenses
0.00
228,426.00
228,426.00
8973.47917
717435.9392
15080.15232
Software Expense
0.00
453.85
135,000.00
2,741,112.00
2,876,565.85
138,354.81
8,237,288.97
188,760.91
3,000.00

DIT Levy
Meals
Medical Expenses
Office Expenses
1,500.00
6066.339802
12738.88054
2700.064256

0.00
30574.82936
53,580.11
0.00
-1,088.75
116,933.56
0.00
0.00
35,000.00
35,000.00
1,314,635.53
16,424,910.36
2,039,884.42
17,882,674.84
2,039,884.42
17,882,674.84
Suspense
Telephone Expenses
15,500.00
66,941.89
140,737.50
37,704.39
200.00
326,781.78
587,865.56
10428.14456
Travel & Ent

Travel
Total Travel & Ent
Total Expense
Net Ordinary Income
Net Income
Page 10 of 10

Profit & Loss: Velka Engineering LTD

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3:15 PM

Velka Engineering Ltd

Profit & Loss

Factory Consumables - Other

Cost of Goods Sold

Total Factory Consumables

Freight & Clearing

Bank Service Charges

Environmental Audit Expenses

Kenya Bureau of Standards Levy

Licenses and Permits

Motor Vehicle Expenses

Motor Vehicle Expenses - Other

Velka Engineering Ltd

Profit & Loss

Newspapers and Subscriptions

Postage and Delivery

Professional Fees - Other

Printing and Stationary

Total Professional Fees

Salaries & Wages

Repair & Maintenance

Staff Training & Welfare

Travel & Ent

Net Ordinary Income

Velka Engineering Ltd

Profit & Loss

Cost of Goods Sold

Freight & Clearing

Bank Service Charges

Environmental Audit Expenses

Fines & Penalties

Electricity Expenses - Other

Motor Vehicle Expenses

Motor Vehicle Expenses - Other

Velka Engineering Ltd

Profit & Loss

Professional Fees - Other

Total Professional Fees

Salaries & Wages

Repair & Maintenance

Staff Training & Welfare

Work Permit Expenses

Staff Training & Welfare - Other

Travel & Ent

Net Ordinary Income

Velka Engineering Ltd

Profit & Loss

Cost of Goods Sold

Factory Consumables - Other

Freight & Clearing

Electricity Expenses - Other

Total Electricity Expenses

Environmental Audit Expenses

Fines & Penalties

Kenya Bureau of Standards Levy

Licenses and Permits

Motor Vehicle Expenses

Velka Engineering Ltd

Profit & Loss

Professional Fees - Other

Total Professional Fees