Income Statement

QR
Sales
Cost of Sales
Gross profit
General & Administrative expenses
Depreciation
Gain/(Loss) on Disposal of Plant & Equipment
Other Income
Reversal of Provision for Obsolescence
Extra Ordinery Loss
EBIT
Finance Cost
Net Profit
Note: the Financial period start from 1/5:30/4

2010
16,169,734
(12,566,815)
3,602,919
(1,861,729)
(533,663)
(6,106)
1,843
71,540
0
1,274,804
(3,851)
1,270,953

2011
18,352,169
(14,497,205)
3,854,964
(2,037,773)
(580,691)
3,344
32,144
0
0
1,271,988
(5,322)
1,266,666

2012
13,128,919
(9,264,385)
3,864,534
(2,728,962)
(615,306)
0
5,832
0
0
526,098
(74,009)
452,089

8%

7%

3%

2010
1,270,953
88,392
88,392
100,000
88,392
795,528
0%
0

2011
1,266,666
11,608
100,000
100,000
100,000
1,255,058
0%
795,528

2012
452,089
0
100,000
100,000
100,000
452,089
0%
0

Dividends
QR
Net Profit
Legal Reserve
Accumulated Legal Reserve
Maximum Legal Reserve Balance
Legal Reserve Balance
Net Profit Available for Distribution
Dividends Ratio
Dividends
Transfers to Capital
Retained Earnings

795,528

1,255,058

1,707,147

Balance Sheet
QR

2010

2011

2012

Assets
Non-Current Assets
Property & Equipment
Total Non-Current Assets

2,717,648
2,717,648

2,191,786
2,191,786

3,106,078
3,106,078

530,063
1,821,185
373,764
2,725,012
5,442,660

300,795
2,309,001
179,192
2,788,988
4,980,774

4,012,000
1,183,327
39,857
5,235,184
8,341,262

Current Assets
Inventory
Trade & Other Receivables
Cash & Cash equivalents
Total Current Assets
Total Assets

Equity & Liabilities

Equity

Capital
Legal Reserve
Partners Current Account
Retained Earnings
Total Equity

200,000
88,392
3,776,919
795,528
4,860,839

200,000
100,000
2,885,009
1,255,058
4,440,067

200,000
100,000
2,946,936
1,707,147
4,954,083

45,685
53,796
99,481

71,504
19,821
91,325

105,415
42,158
147,573

0
448,365
33,975
482,340
5,442,660

0
415,407
33,975
449,382
4,980,774

345,383
1,886,340
1,007,883
3,239,606
8,341,262

Non Current Liabilities

Employees' End of Service Benefits
Bank loans
Total non-current assets

Current Liabilities
Bank Overdraft
Trade Payables & Accruals
Bank Loans
Total Current Liabilities
Total Equity & Liabilities
Note: the Financial position as at 30/4
Check

Cash Flow Statement

QR
Cash Flow from Operating Activities
Net Profit for the Year
Adjustments for:
Depreciation
Gain/(Loss) on Disposal of Plant & Equipment
Employees' End of Service Benefits
Net Profit before Changes in Working Capital
Change in Inventory
Change in Trade & Other Receivables
Change in Trade Payables & Accruals
End of Service Benefit Paid
Net Cash Provided by Operating Activities
Cash Flow from Investing Activities
Purchase of Plant & Equipment
Proceed from Disposal of Plant & Equipment
Net Cash Used in Investing Activities
Cash Flow from Financing Activities
Partners Current Account
Dividends Paid
Bank Loans
Net Cash Used in Financing Activities
Net Changes in Cash and Cash Equivalents During the Year
Cash and Cash Equivalents at Beginning of the Year
Cash and Cash Equivalents at Year End

2010

2011

2012

1,270,953

1,266,666

533,663
6,106
7,416
1,818,138
(140,004)
(820,483)
140,289
0
997,940

580,691
(3,344 )
25,819
1,869,832
229,268
(487,816)
(32,958)
0
1,578,326

615,306
0
33,911
1,101,306
(3,711,205)
1,125,674
1,470,933
0
(13,292)

(604,393)
82,418
(521,975)

(114,585)
63,100
(51,485)

(1,529,598)
0
(1,529,598)

(116,435)
0
(11,432)
(127,867)
348,098
25,666
373,764

(891,910)
(795,528)
(33,975)
(1,721,413)
(194,572 )
373,764
179,192

61,927
0
996,245
1,058,172
(484,718 )
179,192
(305,526)

452,089

2013
19,304,406
(11,821,312)
7,483,094
(4,262,702)
(896,655)
(101,075)
2,875
0
(2,581,295)
(355,758)
(353,706)
(709,464)

2014
20,852,287
(17,867,337)
2,984,949
(3,498,431)
(1,143,003)
0
37,072

2015
22,524,281
(19,299,990)
3,224,291
(3,693,557)
(1,051,514)
0
0

2016
24,330,340
(20,847,517)
3,482,824
(3,901,766)
(1,269,433)
0
0

2017
26,281,214
(22,519,128)
3,762,086
(4,124,032)
(1,220,887)
0
0

2018
28,388,515
(24,324,774)
4,063,740
(4,361,403)
(1,220,887)
0
0

(1,619,413)
(568,234)
(2,187,647)

(1,520,780)
(758,777)
(2,279,557)

(1,688,375)
(791,770)
(2,480,145)

(1,582,834)
(779,407)
(2,362,241)

(1,518,549)
(769,903)
(2,288,452)

-4%

-10%

-10%

-10%

-9%

-8%

2013
(709,464)
0
100,000
100,000
100,000
(709,464)
0%
0

2014
(2,187,647)
0
100,000
100,000
100,000
(2,187,647)
0%
0

2015
(2,279,557)
0
100,000
100,000
100,000
(2,279,557)
15%
(341,934)

2016
(2,480,145)
0
100,000
100,000
100,000
(2,480,145)
20%
(496,029)

2017
(2,362,241)
0
100,000
100,000
100,000
(2,362,241)
20%
(472,448)

2018
(2,288,452)
0
100,000
100,000
100,000
(2,288,452)
20%
(457,690)

997,683

(1,189,964)

(3,127,587)

(5,111,703)

(7,001,496)

(8,832,258)

2016

2017

2018

2013

2014

2015

3,483,179
3,483,179

3,937,269
3,937,269

2,885,755
2,885,755

3,116,322
3,116,322

1,945,435
1,945,435

2,394,263
1,627,652
799,769
4,821,684
8,304,863

3,618,812
2,318,678
3,715,531
9,653,021
13,590,290

3,908,978
2,813,377
2,609,647
9,332,002
12,217,757

4,222,411
3,149,695
353,923
7,726,029
10,842,352

4,560,976
3,414,613
(1,512,686)
6,462,902
8,408,337

724,548
724,548
4,926,687
3,700,773
(3,267,864)
5,359,595
6,084,144

200,000
100,000
1,692,438
997,683
2,990,121

200,000
100,000
0
(1,189,964)
(889,964)

200,000
100,000
0
(3,127,587)
(2,827,587)

200,000
100,000
0
(5,111,703)
(4,811,703)

200,000
100,000
0
(7,001,496)
(6,701,496)

200,000
100,000
0
(8,832,258)
(8,532,258)

147,427
23,825
171,252

213,096
6,027,498
6,240,594

282,389
6,029,555
6,311,945

355,549
4,831,778
5,187,327

432,835
3,634,178
4,067,013

514,524
2,436,771
2,951,295

0
4,081,752
1,061,738
5,143,490
8,304,863

0
5,014,243
3,225,417
8,239,660
13,590,290

0
5,416,299
3,317,101
8,733,399
12,217,757

0
5,850,592
4,616,136
10,466,728
10,842,352

0
6,319,709
4,723,112
11,042,821
8,408,337

0
6,826,441
4,838,665
11,665,106
6,084,144

2013

2014

2015

2016

2017

2018

(709,464)

(2,187,647)

(2,279,557)

(2,480,145)

(2,362,241)

(2,288,452)

896,655
101,075
42,012
330,278
1,617,737
(444,325)
2,195,412
0
3,699,102

1,143,003
0
82,757
(961,886 )
(1,224,549)
(691,026)
932,491
(17,088)
(1,962,059)

1,051,514
0
87,325
(1,140,718 )
(290,166)
(494,699)
402,056
(18,032)
(1,541,559)

1,269,433
0
92,198
(1,118,515 )
(313,433)
(336,318)
434,294
(19,038)
(1,353,009)

1,220,887
0
97,397
(1,043,957 )
(338,565)
(264,918)
469,117
(20,111)
(1,198,434)

1,220,887
0
102,947
(964,618 )
(365,712)
(286,160)
506,732
(21,257)
(1,131,015)

(1,431,031)
56,200
(1,374,831)

(1,597,093)
0
(1,597,093)

(1,500,000)
0
(1,500,000)

(50,000)
0
(50,000)

(1,254,498)
0
35,522
(1,218,976)
1,105,295
(305,526)
799,769

(1,692,438)
0
8,167,352
6,474,914
2,915,762
799,769
3,715,531

0
496,029
101,257
597,286
(2,255,723 )
2,609,647
353,923

0
472,448
(1,090,624)
(618,175)
(1,866,610 )
353,923
(1,512,686)

0
0
0
0
341,934
93,741
435,674
(1,105,884 )
3,715,531
2,609,647

0
0
0
0
457,690
(1,081,854)
(624,163)
(1,755,178 )
(1,512,686)
(3,267,864)

2019
30,664,785
(26,275,202)
4,389,582
(4,615,007)
(390,869)
0
0

2020
33,123,572
(28,382,021)
4,741,551
(4,886,062)
(390,869)
0
0

(616,293)
(763,485)
(1,379,778)

(535,380)
(760,401)
(1,295,781)

-4%

-4%

2019
(1,379,778)
0
100,000
100,000
100,000
(1,379,778)
20%
(275,956)

2020
(1,295,781)
0
100,000
100,000
100,000
(1,295,781)
20%
(259,156)

(9,936,080)

(10,972,705)

2019

833,679
833,679
5,321,723
4,009,877
(5,623,582)
3,708,018
4,541,697

2020

442,811
442,811
5,748,433
4,343,767
(7,409,415)
2,682,785
3,125,596

200,000
100,000
0
(9,936,080)
(9,636,080)

200,000
100,000
0
(10,972,705)
(10,672,705)

600,918
1,239,572
1,840,489

692,336
42,597
734,933

0
7,373,804
4,963,484
12,337,288
4,541,697

0
7,965,056
5,098,311
13,063,367
3,125,596

2019

2020

(1,379,778)

(1,295,781)

390,869
0
108,874
(880,035 )
(395,035)
(309,105)
547,363
(22,481)
(1,059,293)

390,869
0
115,207
(789,705 )
(426,710)
(333,890)
591,252
(23,789)
(982,842)

(500,000)
0
(500,000)
0
275,956
(1,072,380)
(796,425)
(2,355,718 )
(3,267,864)
(5,623,582)

0
0
0
0
259,156
(1,062,147)
(802,991)
(1,785,833 )
(5,623,582)
(7,409,415)

Income Statement

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Sales

16,169,734

18,352,169

13,128,919

19,304,406

20,852,287

22,524,281

24,330,340

26,281,214

28,388,515

30,664,785

33,123,572

Cost of Sales

(12,566,815)

(14,497,205)

(9,264,385)

(11,821,312)

(17,867,337)

(19,299,990)

(20,847,517)

(22,519,128)

(24,324,774)

(26,275,202)

(28,382,021)

G r o s s p r o f it

3,602,919

3,854,964

3,864,534

7,483,094

2,984,949

3,224,291

3,482,824

3,762,086

4,063,740

4,389,582

4,741,551

General & Administrative expenses

(1,861,729)

(2,037,773)

(2,728,962)

(4,262,702)

(3,498,431)

(3,693,557)

(3,901,766)

(4,124,032)

(4,361,403)

(4,615,007)

(4,886,062)

Depreciation

(533,663)

(580,691)

(615,306)

(896,655)

(1,143,003)

(1,051,514)

(1,269,433)

(1,220,887)

(1,220,887)

(390,869)

(390,869)

Gain/(Loss) on disposal of plant & equipment

(6,106)

3,344

(101,075)

Other income

1,843

32,144

5,832

2,875

37,072

Reversal of provision for obsolescence

71,540

Extra ordinery loss

(2,581,295)

EBIT

1,274,804

1,271,988

526,098

( 355,758)

( 1,105,931)

( 1,051,514)

( 1,269,433)

( 1,220,887)

( 1,220,887)

( 390,869)

( 390,869)

Finance Cost

(3,851)

(5,322)

(74,009)

(353,706)

(568,234)

(758,777)

(791,770)

(779,407)

(769,903)

(763,485)

(760,401)

N e t P r o f it

1,270,953

1,266,666

452,089

( 709,464)

( 1,674,165)

( 1,810,291)

( 2,061,202)

( 2,000,295)

( 1,990,790)

( 1,154,354)

( 1,151,270)

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

8%

Sales

0%

13%

-28%

47%

8%

8%

8%

8%

8%

8%

8%

72%

Cost of sales / Sales

78%

79%

71%

61%

86%

86%

86%

86%

86%

86%

86%

28%

G r o s s p r o f it m a r g in

22%

21%

29%

39%

14%

14%

14%

14%

14%

14%

14%

16%

General & Administrative expenses

12%

11%

21%

22%

17%

16%

16%

16%

15%

15%

15%

4%

Depreciation

3.3%

3.2%

4.7%

4.6%

5.5%

4.7%

5.2%

4.6%

4.3%

1.3%

1.2%

0%

Gain/(Loss) on disposal of plant & equipment

0.04%

-0.02%

0.00%

0.52%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0%

Other income

0.01%

0.18%

0.04%

0.01%

0.2%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0%

Reversal of provision for obsolescence

0.44%

0.00%

0.00%

0.00%

-3%

Extra ordinery loss

0.0%

0.0%

0.0%

-13.4%

4%

EBIT

7.9%

6.9%

4.0%

-1.8%

-5.3%

-4.7%

-5.2%

-4.6%

-4.3%

-1.3%

-1.2%

13%

Finance cost / Bank loans

4%

10%

7%

33%

6%

8%

8%

9%

11%

12%

15%

4%

N e t p r o f it m a r g in

8%

7%

3%

-4%

-8%

-8%

-8%

-8%

-7%

-4%

-3%

Cost of Sales

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Materials

13,593,606

14,683,579

15,860,949

17,132,724

18,506,473

19,990,373

21,593,257

Labor

1,716,143

1,853,748

2,002,387

2,162,944

2,336,375

2,523,712

2,726,070

Consumables

652,677

705,010

761,540

822,602

888,561

959,808

1,036,768

Electricity & Water

72,983

78,835

85,156

91,984

99,360

107,327

115,933

Factory building maintenance

116,773

126,136

136,250

147,175

158,976

171,723

185,492

Factory Rent

1,603,200

1,731,749

1,870,605

2,020,596

2,182,613

2,357,621

2,546,661

Freight & carriage inwards

88,220

95,294

102,935

111,188

120,104

129,734

140,136

Consultation & provision

Other costs

23,736

25,639

27,695

29,916

32,314

34,905

37,704

Tot a l

17,867,337

19,299,990

20,847,517

22,519,128

24,324,774

26,275,202

28,382,021

0.00%

Materials

0.00%

0.00%

0.00%

0.00%

65.19%

65.19%

65.19%

65.19%

65.19%

65.19%

65.19%

0.00%

Labor

0.00%

0.00%

0.00%

0.00%

8.23%

8.23%

8.23%

8.23%

8.23%

8.23%

8.23%

0.00%

Consumables

0.00%

0.00%

0.00%

0.00%

3.13%

3.13%

3.13%

3.13%

3.13%

3.13%

3.13%

0.00%

Electricity & Water

0.00%

0.00%

0.00%

0.00%

0.35%

0.35%

0.35%

0.35%

0.35%

0.35%

0.35%

0.00%

Factory building maintenance

0.00%

0.00%

0.00%

0.00%

0.56%

0.56%

0.56%

0.56%

0.56%

0.56%

0.56%

0.00%

Factory Rent

0.00%

0.00%

0.00%

0.00%

7.69%

7.69%

7.69%

7.69%

7.69%

7.69%

7.69%

0.00%

Freight & carriage inwards

0.00%

0.00%

0.00%

0.00%

0.42%

0.42%

0.42%

0.42%

0.42%

0.42%

0.42%

0.00%

Consultation & provision

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Other costs

0.00%

0.00%

0.00%

0.00%

0.11%

0.11%

0.11%

0.11%

0.11%

0.11%

0.11%

0.00%

Tot a l

0.00%

0.00%

0.00%

0.00%

85.69%

85.69%

85.69%

85.69%

85.69%

85.69%

85.69%

G&A Expenses

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

3%

Salaries & benefits

744,009

959,962

1,254,397

2,244,997

1,701,547

1,752,593

1,805,171

1,859,326

1,915,106

1,972,559

2,031,736

Rent

812,707

747,400

973,700

1,101,500

1,158,399

1,251,283

1,351,614

1,459,990

1,577,056

1,703,509

1,840,101

Electricity & water

18,419

22,185

27,704

27,509

30,669

33,128

35,785

38,654

41,753

45,101

48,717

Communications

35,637

38,257

45,150

44,640

52,339

56,536

61,069

65,965

71,255

76,968

83,140

Visa & immigration fees

69,851

56,432

59,471

148,837

102,356

110,564

119,429

129,005

139,349

150,523

162,592

Professional fees

10,000

15,500

10,000

16,000

15,918

17,195

18,573

20,063

21,671

23,409

25,286

Insurance

15,414

17,472

22,220

27,771

26,255

28,360

30,634

33,090

35,744

38,610

41,705

Travelling & air ticket

6,110

2,658

46,260

46,577

33,671

36,371

39,287

42,437

45,840

49,516

53,486

Repair & maintenance

56,137

66,175

106,164

338,754

170,529

184,203

198,973

214,927

232,160

250,776

270,883

Vehicle expenses

63,854

64,173

114,753

181,227

133,319

144,009

155,556

168,029

181,502

196,056

211,776

Advertising

5,750

5,930

2,500

4,663

5,037

5,441

5,877

6,348

6,857

7,407

Other expenses

29,591

41,809

63,213

82,390

68,765

74,279

80,235

86,668

93,618

101,124

109,232

T ot a l G & A e x pe n s e s

1,861,729

2,037,773

2,728,962

4,262,702

3,498,431

3,693,557

3,901,766

4,124,032

4,361,403

4,615,007

4,886,062

7.75%

Salaries & benefits

4.60%

5.23%

9.55%

11.63%

8.16%

7.78%

7.42%

7.07%

6.75%

6.43%

6.13%

5.56%

Rent

5.03%

4.07%

7.42%

5.71%

5.56%

5.56%

5.56%

5.56%

5.56%

5.56%

5.56%

0.15%

Electricity & water

0.11%

0.12%

0.21%

0.14%

0.15%

0.15%

0.15%

0.15%

0.15%

0.15%

0.15%

0.25%

Communications

0.22%

0.21%

0.34%

0.23%

0.25%

0.25%

0.25%

0.25%

0.25%

0.25%

0.25%

0.49%

Visa & immigration fees

0.43%

0.31%

0.45%

0.77%

0.49%

0.49%

0.49%

0.49%

0.49%

0.49%

0.49%

0.08%

Professional fees

0.06%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.13%

Insurance

0.10%

0.10%

0.17%

0.14%

0.13%

0.13%

0.13%

0.13%

0.13%

0.13%

0.13%

0.16%

Travelling & air ticket

0.04%

0.01%

0.35%

0.24%

0.16%

0.16%

0.16%

0.16%

0.16%

0.16%

0.16%

0.82%

Repair & maintenance

0.35%

0.36%

0.81%

1.75%

0.82%

0.82%

0.82%

0.82%

0.82%

0.82%

0.82%

0.64%

Vehicle expenses

0.39%

0.35%

0.87%

0.94%

0.64%

0.64%

0.64%

0.64%

0.64%

0.64%

0.64%

0.02%

Advertising

0.00%

0.03%

0.05%

0.01%

0.02%

0.02%

0.02%

0.02%

0.02%

0.02%

0.02%

0.33%

Other expenses

0.18%

0.23%

0.48%

0.43%

0.33%

0.33%

0.33%

0.33%

0.33%

0.33%

0.33%

16.37%

T ot a l G & A e x pe n s e s

11.51%

11.10%

20.79%

22.08%

16.78%

16.40%

16.04%

15.69%

15.36%

15.05%

14.75%

Inventory

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

365

Closing Stock

530,063

300,795

4,012,000

2,394,263

3,618,812

3,908,978

4,222,411

4,560,976

4,926,687

5,321,723

5,748,433

Inventory turnover

24

48

Day of Inventory on Hand (DOH) - days

15

158

74

74

74

74

74

74

74

74

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.20

Trade Receivables

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

365

Trade debtors

1,365,102

1,426,578

822,165

1,144,333

1,449,388

1,565,604

1,691,139

1,826,739

1,973,212

2,131,429

2,302,333

14

A/R turnover

12

13

16

17

14

14

14

14

14

14

14

26

AR Collection Period

31

28

23

22

25

25

25

25

25

25

25

Other Receivable

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Advance payment to suppliers

372,004

706,811

199,361

412,080

445,122

480,813

519,366

561,010

605,993

654,583

Pre-paid expenses

60,060

92,944

205,771

12,346

99,681

305,720

428,601

462,967

500,089

540,188

583,501

Staff loan & advances

21,053

39,708

31,761

45,130

357,529

496,931

549,143

605,541

666,462

732,267

803,349

Refundable deposits

2,460

27,460

2,460

107,142

Other Receivable

506

15,500

121,170

119,340

456,083

882,423

361,162

483,319

869,290

1,247,773

1,458,556

1,587,874

1,727,561

1,878,448

2,041,434

1.98%

Advance payment to suppliers

2.30%

4.37%

0.00%

1.23%

1.23%

1.23%

1.23%

1.23%

1.23%

1.23%

1.23%

0.57%

Pre-paid expenses

0.37%

0.57%

1.27%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.08%

0.21%

Staff loan & advances

0.13%

0.25%

0.20%

0.28%

0.28%

0.28%

0.28%

0.28%

0.28%

0.28%

0.28%

0.22%

Refundable deposits

0.02%

0.17%

0.02%

0.66%

0.66%

0.66%

0.66%

0.66%

0.66%

0.66%

0.66%

0.40%

Other Receivable

0.00%

0.10%

0.75%

0.74%

0.74%

0.74%

0.74%

0.74%

0.74%

0.74%

0.74%

Partners Current Account

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Partners current account

3,776,919

2,885,009

2,946,936

1,692,438

-16%

GR

-24%

2%

-43%

Employees End of Service Benefits

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Balance at the beginning of the year

38,269

45,685

71,504

105,415

147,427

213,096

282,389

355,549

432,835

514,524

600,918

Provision during the year/period

7,416

25,819

33,911

42,012

82,757

87,325

92,198

97,397

102,947

108,874

115,207

Paid during the y ear

(17,088)

(18,032)

(19,038)

(20,111)

(21,257)

(22,481)

(23,789)

Balance at 31 December

45,685

71,504

105,415

147,427

213,096

282,389

355,549

432,835

514,524

600,918

692,336

2.4%

Provision for end of service benefits

2.7%

2.7%

1.9%

2.4%

2.4%

2.4%

2.4%

2.4%

2.4%

2.4%

0.5%

Paid during the y ear

0.5%

0.5%

0.5%

0.5%

0.5%

0.5%

0.5%

0.5%

0.5%

0.5%

Bank Loans

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Loan - motor vehicle

87,771

53,796

85,130

83,825

83,825

83,825

83,825

83,825

83,825

83,825

83,825

LC facilities - Local purchases

964,911

1,001,738

1,169,090

1,262,831

1,364,088

1,473,465

1,591,611

1,719,231

1,857,084

Bank Overdraft

345,383

Tot a l

87,771

53,796

1,395,424

1,085,563

1,252,915

1,346,656

1,447,913

1,557,290

1,675,436

1,803,056

1,940,909

Finance Cost

3,851

5,322

74,009

353,706

568,234

758,777

791,770

779,407

769,903

763,485

760,401

Finance cost / Total loans

4%

10%

5%

33%

33%

33%

33%

33%

33%

33%

33%

Current portion

33,975

33,975

1,007,883

1,061,738

3,225,417

3,317,101

4,616,136

4,723,112

4,838,665

4,963,484

5,098,311

Non current portion

53,796

19,821

42,158

23,825

6,027,498

6,029,555

4,831,778

3,634,178

2,436,771

1,239,572

42,597

Tot a l

87,771

53,796

1,050,041

1,085,563

9,252,915

9,346,656

9,447,913

8,357,290

7,275,436

6,203,056

5,140,909

74%

Current portion

39%

63%

96%

98%

98%

98%

98%

98%

98%

98%

98%

26%

Non current portion

61%

37%

4%

2%

2%

2%

2%

2%

2%

2%

2%

100%

Tot a l

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

Q D B Lo a n

Purpose:

Working Capital

Working ca pita l

Tota l Amount:

2,000,000

2,000,000

QR

Interest Ra te:

4%

4%

Pa yment Period

Reveloving

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Interest

80,000

40,000

80,000

80,000

80,000

80,000

80,000

80,000

Ba la nce

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

Purpose:

Building & Construction

Buildings & Construction

Tota l Amount:

6,000,000

6,000,000

Interest Ra te:

4%

4%

Gra ce Period

Yea r

Yea r

Insta llments

Yea rs

Yea rs

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Beginning Ba a nce

6,000,000

6,000,000

6,000,000

4,800,000

3,600,000

2,400,000

1,200,000

Interest Ra te

120,000

240,000

240,000

192,000

144,000

96,000

48,000

Insta llment

1,200,000

1,200,000

1,200,000

1,200,000

1,200,000

Ending Ba la nce

6,000,000

6,000,000

4,800,000

3,600,000

2,400,000

1,200,000

Trade Payable

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

365

Trade payable

303,403

195,871

1,452,366

3,317,502

5,014,243

5,416,299

5,850,592

6,319,709

6,826,441

7,373,804

7,965,056

31

A/P turnover

41

74

43

A/P Pa yment Period

57

102

102

102

102

102

102

102

102

Other Payables

QR

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Advances received

135,935

Accrued payable

76,427

88,073

162,267

213,298

322,390

348,240

376,162

406,324

438,904

474,097

512,111

Staff accruals

68,535

82,888

83,998

94,418

142,708

154,151

166,511

179,863

194,284

209,863

226,690

Other payables

48,575

187,709

320,599

484,570

523,424

565,394

610,728

659,698

712,595

769,732

T o t a l o t h e r a c c o un t s p a y a ble

144,962

219,536

433,974

764,250

949,668

1,025,814

1,108,067

1,196,915

1,292,887

1,396,554

1,508,534

Advances received

0.00%

0.00%

0.00%

1.15%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Contractor advances

0.61%

0.61%

1.75%

1.80%

1.80%

1.80%

1.80%

1.80%

1.80%

1.80%

1.80%

Accrued expenses

0.55%

0.57%

0.91%

0.80%

0.80%

0.80%

0.80%

0.80%

0.80%

0.80%

0.80%

Other current payables

0.00%

0.34%

2.03%

2.71%

2.71%

2.71%

2.71%

2.71%

2.71%

2.71%

2.71%

T o t a l o t h e r a c c o un t s p a y a ble

1.15%

1.51%

4.68%

6.47%

5.32%

5.32%

5.32%

5.32%

5.32%

5.32%

5.32%

P roje c t I n ve s t m e n t Cos t

Item

QR

Buildings

8,665,912

71%

Tools and Equipment

1,085,177

9%

Vehicles

511,916

4%

Working Capital

2,000,000

16%

Tot a l

12,263,005

100%

Fin a n c ia l S t r uc t ur e

Item

J A FC O

QDB

Tot a l

Buildings

2,665,912

6,000,000

8,665,912

Tools and Equipment

1,085,177

1,085,177

Vehicles

511,916

511,916

Working Capital

2,000,000

2,000,000

Tot a l

4,263,005

8,000,000

12,263,005

35%

65%

100%

Plant & Instruments

Motor Vehicles
Furniture and Fittings
Computer Equipment

15%
20%
15%
33%

Plant & Instruments

QR
Beginning balance
Additions
Disposals
Ending balance
Accumulated depreciation
Depreciation
Disposals
Net book value

2010
2,830,783
351,099
0
3,181,882
395,706
446,002
0
2,340,174
14%

2011
3,181,882
105,744
0
3,287,626
841,708
484,477

2012
3,287,626
1,239,374

2013
4,527,000
928,241
(78,427)
5,376,814
1,846,679
748,551
(41,195)
2,822,779
14%

4,527,000
1,326,185
520,494

1,961,441
15%

2,680,321
11%

2010
222,673
228,712
(105,038)
346,347
36,033
58,454
(16,514)
268,374
17%

2011
346,347
0
(98,104)
248,243
77,973
66,049
(38,348)
142,569
27%

2012
248,243
88,000

2010
99,763
24,582
0
124,345
13,069
16,484
0
94,792
13%

2011
124,345
7,761

2012
132,106
199,126

132,106
29,553
19,872

331,232
49,425
26,671

82,681
15%

255,136
8%

2013
331,232
250,600
(78,950)
502,882
76,096
53,905
(17,457)
390,338
11%

2010
38,172

2011
38,172

2012
39,252

2013
42,350

Motor Vehicles
QR
Beginning balance
Additions
Disposals
Ending balance
Accumulated depreciation
Depreciation
Disposals
Net book value
20%

336,243
105,674
63,536
167,033
19%

2013
336,243
243,282
(64,292)
515,233
169,210
91,489
(5,742)
260,276
18%

Furniture and Fittings

QR
Beginning balance
Additions
Disposals
Ending balance
Accumulated depreciation
Depreciation
Disposals
Net book value

Computer Equipment
QR
Beginning balance