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Mohammad Ata Karim & Co.

Chartered Accountants

CATHARSIS TRAVELS LTD


Statement of Financial Position
As at 30 June 2016
2016 2015
Notes Taka Taka
ASSETS
Non-current assets 605,300
Property,
Intangibleplant
assets& equipments 5
Err:509 605,300

Current assets 774,704


Advance, Deposit and prepayment 6 77,560
Accounts Receiveable 7 33,070
Cash and cash equivalents 8 664,074 -
TOTAL ASSETS 1,380,004 -

EQUITY AND LIABILITIES


Shareholders' equity 1,089,153
Share capital 9 1,000,000
Retained earnings 10 89,153

Current liabilities 290,851


Provision for income tax 11 48,006
Trade Payable 12 139,570
Provision for expenses 13 103,275
TOTAL EQUITY AND LIABILITIES 1,380,004

Signed in terms of our separate report of even date annexed

Director Managing Director

Dhaka
Date: Chartered Accountants
Mohammad Ata Karim & Co.
Chartered Accountants

CATHARSIS TRAVELS LTD


Statement of Profit or Loss and Other Comprehensive Income
For the year ended 30 June 2016

Particulars Notes 2016 2015


Taka Taka
Income:
Revenue income 30,334,000
Less: Cost of Sales 26,241,121
Operation profit 4,092,879

Selling & Administrative expenses 14 3,955,720


Net profit before tax 137,159
Less: Income tax provision 48,006
Net profit/(loss) after tax 89,153

Signed in terms of our separate report of even date annexed

Director Managing Director

Dhaka
Date: Chartered Accountants
CATHARSIS INTERNATIONAL LTD
Statement of Changes in Equity
For the period ended June 30, 2013

Share Retained
capital earnings Total
Particulars Taka Taka Taka

Balance at 31 December 2011 30,000,000 (2,228,312) 12,771,688


Net profit for the year - 899,972 899,972
Balance at 31 December 2012 30,000,000 (1,328,340) 13,671,660
Net profit for the year - #NAME? #NAME?
Balance at 31 December 2013 30,000,000 #NAME? #NAME?
Net profit for the period #NAME? #NAME?
Balance at 31st March 2014 15,000,000.00 #NAME? #NAME?
Catharsis International Ltd.
Statements of Cash flow
For the year ended 30 June 2011
Particulars 30 June 2014
Taka
Cash flow from operating activities:

Cash received from customet W-1 Err:509


Cash received from other income W-2 Err:509
Cash paid to cost of revenue W-3 Err:509
Cash paid against operating expense W-4 Err:509
Cash paid against advance income tax W-5 (197,685)
A. Net cash flow from operating activities Err:509
###

Cash flow from investing activities:


Investment on FDR -
Property, Plant & Equipment Err:509
B. Net cash Flow from investing activities Err:509

Cash flow from financing activities:


Share capital Err:509
Loan from catharsis international Err:509
Err:509
###
Net Increase in Cash and Cash Equivalents (A+B+C) Err:509
###
Opening Cash and Cash Equivalents -
Closing Cash and Cash Equivalents ###

The annexed notes 1 to 15 form an integral part of these financial statements.

Managing Director Director General Manager

Auditor's Report
As per our annexed report of our same date

Hoque Bhattacharjee Das & Co.


Dhaka Chartered Accountants
Workings:
1 Cash received from customer
Revenue income for the year Err:509
Add. Opening balance of account receivable -
Err:509
###
Less. Closing balance of accounts receivable -
Err:509
###

2 Other income received Err:509

3 Cash paid against cost of service


Cost of service expense Err:509
Less. Depreciation expense -
Err:509
Add. Opening account payable -
Err:509
Less. Closing account payable -
Err:509
Add.Closing balance advance and others -
Err:509
Less. Opening balance advance and others Err:509
Err:509

4 Cash paid against operating expense


Operating expense Err:509
Less. Depreciation expense Err:509
Err:509

Add. Closing provission for exp. -


Err:509
Less. Opening Provission for exp. -
Err:509
5 Advance Income tax
Source Income Tax 194000
National Bank (A/c-446) 1,179
Mutual Trust Bank (A/c-568) 2,506
197,685
Mohammad Ata Karim & Co.
Chartered Accountants

CATHARSIS TRAVELS LTD


Statement of Changes in Equity
As at 30 June 2016

Share capital Retained earnings Total


Particulars
Taka Taka Taka

Opening Balance as
Share capital 1,000,000 -
Share money deposits -
Net profit during the year 89,153 89,153
Balance as at 30 June 2016 1,000,000
### 89,153 89,153

Signed in terms of our separate report of even date annexed

Director Managing Director

Dhaka
Date: Chartered Accountants
Mohammad Ata Karim & Co.
Chartered Accountants

3
CATHARSIS TRAVELS LTD 1
Statement of Cash Flows
D
For the year ended 30 June 2016 e
c
e
Particulars 30-Jun-2016 30-Jun-2015 m
Taka Taka b
e
Cash flow from operating activities: r

Cash received from customer 30,300,930 - 2


###
Cash paid to service providers (26,303,131) ### 0
1
Cash paid against operating expense (3,712,615) ### 2
A. Net cash flow from operating activities 409,204 ###

Cash flow from investing activities:


Property, Plant & Equipment (745,130) ###
B. Net cash Flow from investing activities (745,130) ###

Cash flow from financing activities:


Share capital 1,000,000 ###
C. Net cash Flow from financing activities 1,000,000 ###

Net Increase in Cash and Cash Equivalents (A+B+C) 664,074 ###


Opening Cash and Cash Equivalents - ###
Closing Cash and Cash Equivalents 664,074 ###

###
664,074
- ###
Director Managing Director

As per our annexed report of our same date

Dhaka
Date: Chartered Accountants
Mohammad Ata Karim & Co.
Chartered Accountants

CATHARSIS INTERNATIONAL LIMITED


Notes to the financial statements
As at June 30, 2016

1 Background

Catharsis Travels Limited was incorporated as private company limited by shares on 15


October 2015 under the Companies Act, 1994. The registered office located at House-
11, Road-22, Block-K, Banani, Dhaka vide registration no-C-126193/15.

2 Nature of business

Catharsis Travels Ltd. Is a Travels and Tourism Agency and Business of VISA Processing

Ticketing by bus by Train by air and others way and consulting the same.

3 Summary of significant accounting policies

3.1 Basis of accounting


These financial statements have been prepared under historical cost convention and in
accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial
Reporting Standards (BFRS) after due compliance of the Companies Act 1994 and other
applicable laws and regulations.

3.2 Property, plant & equipment (PPE)


Property, plant and equipment are stated at cost less accumulated depreciation. Cost
includes expenditure directly attributable to the acquisition and installation of the
assets. Repairs and maintenance expenses are charged against revenue when incurred.

3.3 Depreciation
Depreciation has been charged on straight-line method on all fixed assets acquired.
Depreciation is charged on additions to PPE from the year of acquisition and no
depreciation is charged on assets in the year of disposal.
Mohammad Ata Karim & Co.
Chartered Accountants

3.4 Intangible assets

i) Recognition

Website cost is capitalized expecting its future economic benefits. All upgrading and
enhancements costs are generally charged off as revenue expenditure unless they bring
similar significant benefits in the long term.
ii) Amortization

Website cost is amortized using the straight-line method over their useful lives of five
years.

3.5 Revenue recognition


Revenue is recognized when invoice is raised against service rendered to clients.

3.6 Taxation
Income tax provision has been made as per the Finance Act and charged to income
statement.

4 General
i) Figures appearing in these financial statements have been rounded off to the nearest
Taka; and

ii) Figures related to previous period have been rearranged wherever considered
necessary to conform with current year's presentation.
Mohammad Ata Karim & Co.
Chartered Accountants

Amount in Taka
5 Property, plant and equipment

Cost Depreciation

Particulars Opening Closing Balance Opening Charged Closing Balance


Additions Disposal / Rate Disposal/ Written Down
balance as on balance during the as on
as on 01.07.2015 during the year adjustments 30.06.2016 % as on 01.07.2015 year adjustments 30.06.2016 Value as on
30.06.2016
(Taka)
Land & Land Development - - - - - - - - - -
Furniture 183,920 - 183,920 15% 27,588 - 27,588 156,332
Air Conditioner 258,059 - 258,059 20% 51,612 - 51,612 206,447
Electrical equipments 254,251 - 254,251 20% 50,850 - 50,850 203,401
Computer & Accessories 48,900 - 48,900 20% 9,780 - 9,780 39,120
As on 30 June 2016 - 745,130 - 745,130 - 139,830 - 139,830 605,300
Mohammad Ata Karim & Co.
Chartered Accountants

2016 2015
Taka Taka
6 Advance, Deposit and prepayment
Opening balance -
Add: Addition during the period 189,600
189,600 -
Less: Adjustment during the period 112,040
Closing balance 77,560 -

7 Accounts Receivable
Opening balance -
Add: Addition during the period 247,590
247,590
Less: Adjustment during the period 214,520
Closing balance 33,070

8 Cash and cash equivalents

Cash in hand 25,780


Cash at bank 638,294
664,074

City Bank Ltd. -A/C-778001 638,294


638,294
9 Authorized share capital

1,00,000 ordinary shares of Taka 100 each 10,000,000

9.1 Issued, subscribed and paid-up share capital

10,000 ordinary shares of Taka 100 each fully paid up 1,000,000

9.2 Composition of paid - up share capital

Name of shareholders 2016


No. of shares % of Holding
Taka
Mohammed Ruhul Amin 5,100 51% 510,000
Lutfun Nessa Shelly 2,500 25% 250,000
Mohammed UL Mohasew 2,400 24% 240,000
10,000 100% 1,000,000
Mohammad Ata Karim & Co.
Chartered Accountants

10 Retained Earnings

Opening Balance -
Add: Profit during the period 89,153
89,153
Less. Issue of bonus share/transfer -
Closing balance 89,153
11 Income tax provision
Opening Balance -
Add: provision during the period 48,006
48,006
Less: Adjustment during the period -
48,006
12 Trade Payable
Opening Balance -
Add: Addition during the year 164,995
164,995
Less: Adjusted during the year 25,425
139,570

13 Provision for expenses


Salaries & Allowances 85,400
Telephone, Mobile 2,875
Audit fee 15,000
Total 103,275
Mohammad Ata Karim & Co.
Chartered Accountants

14 Selling & Administrative expenses


Salaries and allowances 2,974,560
Utilities and service charges 169,120
Printing and stationery 63,985
Telephone, Mobile & Internet Bill 33,150
Office maintenance expenses 137,433
Oil and lubricants 29,875
Office rent 288,000
Audit fees 20,000
Travelling & conveyance 35,230
Bank Charge 1,552
Entertainment 54,335
Donation & subscriptions 8,650
Depreciation Expense 139,830
3,955,720 -
Catharsis International Ltd
House-11, RD-22 Block B, Banani Dhaka

Receipt Payment
Particurs Particuars

Date Date Clearance Repair &


Loan from Cathersis Interest Ruhul Cathersis Donation & Printing & Electric SPL Surma Uttara Oil & Telephone Business Ticket Training Visa Wage Baira Bank
Revenue Total FDR AIT Salary Rent exp. Conveyan Banussere fee (stamp Advertis Utilities ID Card Entertainm Maintenan Incentive Rent Legal fee Hotel rent Tax
Catharsis int. Travel income Computer Amin Travel Donation Stationary bill Tower Tower Tower Lubricant , Mobile & Promotion expense cost processing earner fee charge
ce e Tower charge) ement ent ce
Internet bil

17.7.10 17,276,636 17,276,636 18.7.10 16,700,000


26.07.10 - 02.08.10 50 380 6,030 550 4,200 157,810 7,240 3,600 9,000 900 46
03.10.10 700,000 700,000 03.08.10 141,300 63,700 3,600 7,200 18,000 1,800 92
04.10.10 690,000 690,000 01.09.10 201,700 63,700
05.10.10 740,000 740,000 03.10.10 141,300 63,700
06.10.10 1,180,000 1,180,000
07.10.10 200,000 200,000
20.10.10 8,000 8,000
26.10.10 845,000 845,000
28.10.10 540,000 540,000
01.11.10 100,000 100,000 01.11.10 490,000
06.11.10 533,700 533,700 03.11.10 5,000 141,300 63,700 15,200 25,763 3,200 1,800 3,600 9,000 900 46
- 04.11.10 500 1,500 309
- 06.11.10 1,020 20,000 250 216,200 573,700
- 07.11.10 5,000
- 07.11.10 1,250 1,600 3,200 8,000 800 46
- 08.11.10 16,000 3,430
- 09.11.10 32,100 7,220 560 254,000
10.11.10 35,400 35,400 10.11.10 10,000 35,400
- 10.11.10 350 1,940 50 690 400 800 2,000 200 46
11.11.10 358,000 358,000 11.11.10 240,000 54,900 330 150 13,400 612 598,000
13.11.10 19,700 19,700 13.11.10 10,000 1,200 23,220 54,677 19,700
- 14.11.10 125,000 2,000 31,653 5,555 2,750 300 270
- 21.11.10 5,000 45,766
- 22.11.10 100 5,950 500
- 24.11.10 70 8,490 2,750 3,745 6,999 1,600 3,200 8,000 800 46
- 25.11.10 9,000 360 550 2,750 360
- 28.11.10 885 28,180 33,067 1,575 2,700 15,736 600,000 575
29.11.10 194,700 194,700 29.11.10 210,000 318 37,055 4,070 196,800 3,200 6,400 16,000 1,600 92
- 30.11.10 900 666 2,950 220 1,144 1,600 3,200 8,000 800 46
TotAL 23,421,136 Total
06.12.10 141,300 63,700 8,250
08.12.10 1,700 2,730 660 116,200 3,200 6,400 16,000 1,600 92
09.12.10 247,800 247,800 09.12.10 10,000 247,800 6,000 15,000 1,500 46
- 11.12.10 1,000 575 300
12.12.10 - 12.12.10 40,000 17,695 1,360 690
13.12.10 103,800 103,800 13.12.10 2,700 5,940 103,800
- 14.12.10 1,450 480 4,140
- 15.12.10 110 8,900
- 18.12.10 1,120 4,746 2,820 2,811
- 19.12.10 13,530 6,870 9,200 23,000 2,300 92
- 20.12.10 730 5,850 3,750 6,000 15,000 1,500 46
21.12.10 35,600 35,600 21.12.10 400 5,067 35,600
22.12.10 3,800 3,688 3,750 6,000 15,000 1,500 40
23.12.10 27,000 140 670 885
26.12.10 2,730 110 6,295 3,750 6,000 15,000 1,500 46
27.12.10 2,500 4,000 10,000 1,000 46
30.12.1o 11,788 11,788 30.12.10 1,179 5,875
398,988

31.01.11 890,000 890,000


- 06.02.11 189,000 100,000 2,250 3,600 9,000 900 46
- 08.02.11 32,500
- 09.02.11 282,600 127,400 440 285,300 1,000 1,600 4,000 400 46
- 10.01.11 185,500
- 14.02.11
- 15.02.11 8,341 5,575 6,664
- 17.02.11 187,500
19.05.11
- 20.02.11 2,658 36,500 810
22.02.11 14,920 14,920 22.02.11 50,000 10,400 525 5,730 14,920 750 1,200 3,000 300 46
- 23.02.11 200
27.02.11 89,474 89,474 27.02.11 600 515 3,350 89,474
- 28.02.11 25,000 3,750
-
01.03.11 111,426 111,426 01.03.11 50,000 1,300 4,600 985 458 3,200 5,896
- 03.03.11 150,800 63,700 2,750
-
-
- 06.03.11 1,100 440 300 1,250 2,000 5,000 500 46
- 07.03.11 8,500 4,894 2,015 1,100 21,700
- 09.03.11 1,260 4,135 2,000 50,000
- 10.03.11 1,500 2,740 2,850 7,280 60,000
- 13.0.11 210,000 8,277 2,500 7,579 6,380 8,201 3,750 6,000 15,000 1,500 46
14.03.11 98,212 98,212 14.03.11 1,350 4,620 3,960 98,212 7,000 11,200 28,000 2,800 46
- 15.03.11 1,760
- 16.03.11 3,750 2,420 6,750 10,800 27,000 2,700 46
22.03.11 1,120,000 1,120,000 22.03.11 200,000 2,900 12,629 440 7,221 7,000 11,200 28,000 2,800 46
- 24.03.11 3,350 110
- 27.03.11
-
2,324,032

20.04.11 1,532
21.04.11 1,750,000 1,750,000 21.04.11 15,900
-
-
08.05.11 - 08.05.11 1,000,000 184,000 750 1,200 3,000 300 46
-
09.05.11 1,100,000 1,100,000 15.05.11 3,034 22,849 4,620 2,700 330 5,913 3,500 5,600 14,000 1,400 46
16.05.11 276,000 276,000 16.05.11 20,000 300,000 180 1,100 276,000
18.05.11 294,500 294,500 18.05.11 1,420 1,840 200 300 294,500 2,750 4,400 11,000 1,100 46
22.05.11 600,000 600,000
- 22.05.11 7,766 2,000 3,200 8,000 800 46
- 23.05.11 1,200 220 1,000 2,050
25.05.11 75,200 75,200 25.05.11 1,100 75,000 50,000 7,500 12,000 30,000 3,000 46
- 28.05.11 305,087 127,400 160 2,800 3,410
29.05.11 398,600 398,600 29.05.11 3,330 917 398,600 7,500 12,000 30,000 3,000 46
- 30.05.11 400,000 2,250 1,450
30.05.11 50,000 50,000

4,544,300

- 01.06.11 3,450 220 48 1,000 4,250 6,800 17,000 1,700 46


- 02.06.11 2,850 3,500
- 04.06.11 158,120 63,700 2,800 16,900 38,000
05.06.11 1,225,000 1,225,000 05.06.11 7,250 11,600 29,000 2,900 46
06.06.11 325,000 325,000 07.06.11 450 1,540 3,750 6,000 15,000 1,500 46
- 08.06.11 1,650 200 1,250 2,000 5,000 500 46
- 09.06.11 26,788 977 300
- 13.06.11 150 2,850 20,000
- 14.06.11 20,000
16.06.11 800,000 800,000 16.06.11 25,000
18.06.11 113,400 113,400 18.06.11 50 205 3,380 1,464 113,400
20.06.11 130,000 130,000 22.06.11 2,850 737
- 26.06.11 575
2,593,400
17,326,636 12,943,000 3,000,432 11,788 - 33,281,856 16,700,000 1,179 12,250 243,000 3,100,000 1,718,407 700,700 96,600 31,033 110,733 47,311 169,148 39,288 113,843 - 11,330 76,520 25,150 45,156 59,090 66,672 38,315 521,400 - 10,000 93,769 1,056,400 3,889,186 520,810 5,896 122,310 187,200 468,309 46,800 10,253
-
Catharsis International Ltd
House-11, RD-22 Block B, Banani Dhaka

Receipt Payment
Particurs Particuars

Date Date Clearance Repair &


Loan from Cathersis Interest Ruhul Cathersis Donation & Printing & Electric SPL Surma Uttara Oil & Telephone Business Ticket Training Visa Wage Baira Bank
Revenue Total FDR AIT Salary Rent exp. Conveyan Banussere fee (stamp Advertis Utilities ID Card Entertainm Maintenan Incentive Rent Legal fee Hotel rent Tax
Catharsis int. Travel income Computer Amin Travel Donation Stationary bill Tower Tower Tower Lubricant , Mobile & Promotion expense cost processing earner fee charge
ce e Tower charge) ement ent ce
Internet bil

26.07.10 5,000 5,000


26.07.10 2,829,328 2,829,328
-
- 12.08.10 115
11.10.10 53,100 53,100 10.10.10 175,000 1,170 1,000,000 233,665 1,200 2,400 6,000 600 46
-
- 14.10.10 3,450
-
16.10.10 35,400 35,400 16.10.10 3,143 35,400
- 19.10.10 220,000 16,784 10,200 17,294 1,333
-
-
- 24.10.10 600,000 205,200 600 1,200 3,000 300 69
- 27.10.10 3,200 3,200 8,000 800 46
06.10.10 188,100 188,100 06.11.10 188,100
-
-

04.11.10
06.11.10
06.11.10 216,200

3,110,928

30.12.10 25,058 25,058 30.12.10 2,506 1,575


-
-
- 23.02.11 140,000
-
10.04.11 70,069 70,069
-
30.06.11 1,597 1,597 30.06.11 735
-
-
-
-
-
-
-
96,724
2,899,397 5,000 276,600 26,655 - 3,207,652 - 2,506 - - 395,000 - - - - 16,784 11,370 - - - - - 3,450 - 20,437 - 1,333 - 216,200 - - - 1,740,000 662,365 - - 5,000 6,800 17,000 1,700 2,586
Attachment - 'A'

B.J. TRADING LIMITED


TIN: 139535166384
Income tax assessment year 2016-17
For the Accounting year ended 31 December 2015

Tax depreciation Schedule

S.I. Assets WDV as at Additions Disposals Total Depreciation WDV as at


No. 1-Jan-15 during during 31-Dec-15 Rate Total 31-Dec-15
the year the year Normal Initial Normal Initial
Taka Taka Taka Taka % % Taka Taka Taka Taka
1 Furnuture and Fixture 267,444 183,920 - 451,364 10% 0% 45,136 - 45,136 406,228
2 Computer 1,545,700 258,059 1,803,759 15% 0% 270,564 - 270,564 1,533,195
3 Office Decoration 76,764 - 76,764 10% 0% 7,676 7,676 69,088
4 Office Equipment 2,420,248 254,251 2,674,499 20% 0% 534,900 - 534,900 2,139,599
5 VOIP Machine 102,912 102,912 20% 0% 20,582 20,582 82,330
Total 4,413,068 696,230 - 5,109,298 878,859 - 878,859 4,230,439

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