55
Audited Financial Statement
SME FoundationAnnual Repor t 2011-12 23
AUDITORS’ REPORTTO THE MEMBERS OF
SMALL & MEDIUM ENTERPRISE FOUNDATION
Management's Responsibility for the Financial Statements
Auditor's Responsibility
Opinion
We also report that:(a)
(b)
(c)
Dated, Dhaka S.K Barua & Co.01.12 2012 Chartered Accountants
We have audited the accompanying financial statements of SMALL & MEDIUM ENTERPRISEFOUNDATION, which comprise the balance sheet as at 30 June 2012, the income & expenditure account and cashflow statement for the year then ended, and a summary of significant accounting policies and other explanatoryinformation.
Management of SMALL & MEDIUM ENTERPRISE FOUNDATION is responsible for the preparation and fairpresentation of these financial statements in accordance with Bangladesh Financial Reporting Standards (BFRS),and for such internal control as management determines is necessary to enable the preparation of financialstatements that are free from material misstatement, whether due to fraud or error.
we have obtained all the information and explanations which to the best of our knowledge and belief werenecessary for the purposes of our audit and made due verification thereof;
in our opinion, proper books of account as required by law have been kept by the company so far as it appearedfrom our examination of those books;the company's balance sheet and income and expenditure account dealt with by the report are in agreement with the books of account.
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our auditin accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether the financial statementsare free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financialstatements. The procedures selected depend on the auditor's judgement, including the assessment of the risks ofmaterial misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,the auditor considers internal control relevant to the entity's preparation and fair presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose ofexpressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of accounting estimates made by management, aswell as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion.
In our opinion, the financial statements, prepared in accordance with Bangladesh Financial Reporting Standard(BFRS), give a true and fair view of the financial position as at 30 June 2012 and its financial performance for theyear then ended and comply with the Companies Act 1994 and other applicable laws and regulations.
SME FoundationAnnual Repor t 2011-1224
BALANCE SHEETAS AT 30 JUNE 2012
SMALL & MEDIUM ENTERPRISE FOUNDATION
FUNDS & LIABILITIES NOTE NO. 2011-12 2010-11
CAPITAL FUND:Endowment Fund 2,000,000,000 2,000,000,000
Reserve Fund 6.00 207,553,156 145,853,745 Members' Contribution Fund 7.00 10,000 10,000 Excess of Income Over Expenditure 609,355,994 436,636,089
816,919,150 582,499,834 LIABILITIES AND PROVISION:Creditor for Goods 8.00 6,775,014 1,757,968 Creditor for Expenses 9.00 14,275,184 11,206,685 Liabilities for Other Finance 10.00 913,055 814,614
21,963,253 13,779,267 TOTAL 2,838,882,403 2,596,279,101
PROPERTIES AND ASSETS
FIXED ASSETS:At Cost 11.00 43,267,999 33,044,006 Less: Accumulated Depreciation 10,819,947 5,600,962
32,448,051 27,443,044 CURRENT ASSETS:
Inventory:Stationeries & Supplies 12.00 339,605 163,929
OTHER CURRENT ASSETS:Interest Receivable 13.00 56,360,466 57,109,889 Other Receivable 14.00 123,175 63,600 Advance, Deposit and Prepayments 15.00 96,727,006 59,569,422 Credit Wholesaling 16.00 87,500,000 67,500,000 Bank Deposit 17.00 2,480,900,000 2,373,400,000 Cash and Cash Equivalents 18.00 84,484,098 11,029,217
2,806,094,746 2,568,672,128 TOTAL 2,838,882,403 2,596,279,101
(The annexed notes form an integral part of these financial statements)
_________________ ______________ _______________ Director Director
SME Foundation SME Foundation SME Foundation
Dated, Dhaka S.K Barua & Co.01.12 2012 Chartered Accountants
Managing Director
Signed as per our separate report of even date
SME FoundationAnnual Repor t 2011-12 25
INCOME & EXPENDITURE ACCOUNTFOR THE YEAR ENDED 30 JUNE 2012
SMALL & MEDIUM ENTERPRISE FOUNDATION
DESCRIPTION NOTE NO. 2011-12 2010-11
INCOMEInterest Income 19.00 256,497,636 206,181,296 Project Grants - 4,978,950 Sponsorship amount 2,046,000 9,617,000 Income from fair 20.00 930,000 2,879,775 Other Income 21.00 331,696 236,381
259,805,332 223,893,402
EXPENDITUREOperational Expenses 22.00 17,786,501 19,300,166 Administrative Expenses 23.00 69,189,316 57,593,824
86,975,817 76,893,990
EXCESS OF INCOME OVER EXPENDITURE 172,829,515 146,999,412
(109,610) 268,334
172,719,905 147,267,746 436,636,089 289,368,343
609,355,994 436,636,089
____________________ ___________________ _____________Managing Director Director DirectorSME Foundation SME Foundation SME Foundation
Dated, Dhaka S.K Barua & Co.01.12 2012 Chartered Accountants
Add: Prior year's adjustment for excess provision of expenses
AMOUNT IN TAKA
BALANCE TRANSFERRED TO BALANCE SHEET
Signed as per our separate report of even date
(The annexed notes form an integral part of these financial statements)
Add: Excess of Income over Expenditure brought forward from last year
SME FoundationAnnual Repor t 2011-1226
CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2012
SMALL & MEDIUM ENTERPRISE FOUNDATION
PARTICULARS: 2011-12 2010-11CASH FLOW FROM OPERATING ACTIVITIES:Collection from Operational Activities 7,097,021 17,602,507 Payment for Operational Activities (87,083,282) (73,783,342) Payment of Income Tax (347,615) (336,127) Net Cash Flows from Operating Activities (A) (80,333,876) (56,516,962)
CASH FLOW FROM INVESTING ACTIVITIES:Acquisition of Fixed assets (3,598,844) (11,649,386) Investment in Fixed Deposit (107,500,000) (127,100,000) Investment against Credit Wholesaling (20,000,000) (35,000,000) Collection from Investment Activities 284,887,601 223,686,010 Net Cash Flows from Investing Activities (B) 153,788,757 49,936,624
CASH FLOW FROM FINANCING ACTIVITIES:Endowment Fund - - Members' Contribution Fund - - Net Cash Flows from Financing Activities (C) - -
Net Increase /(decrease) in Cash & Cash Equivalent (A+B+C) 73,454,881 (6,580,338)
Add: Opening Cash & Cash Equivalent 11,029,217 17,609,555
Closing Cash & Cash Equivalent 84,484,098 11,029,217
_____________________ ____________________ _____________Managing Director Director DirectorSME Foundation SME Foundation SME Foundation
Dated, Dhaka S.K Barua & Co.01.12 2012 Chartered Accountants
(The annexed notes form an integral part of these financial statements)
Signed as per our separate report of even date
AMOUNT IN TAKA
SME FoundationAnnual Repor t 2011-12 27
NOTES TO THE FINANCIAL STATEMENTSFor the Year Ended 30 June 2012
SMALL & MEDIUM ENTERPRISE FOUNDATION
1.00 CORPORATE STATUS AND ACTIVITIES:
(a) 1 (One)(b) 4 (Four)(c) 3 (Three)
(d) 2 (Two)
(e) 3 (Three)the General Body)
(f) 2 (Two)(g) 1 ( One)
Total 16 sixteen)
Ai.ii. E-commerce Website for SMEsiii Workshop & Training on “E-marketing for SME Product” (Cluster based Approach)iv “ICT for SMEs” Training in Divisional Headquartersv Business Information Kiosk for SMEsvi E-catalogue Development for SMEsvii SME Web Portal and SMEF Virtual Officeviii
B Technology Development Wingi.
ii.
iii
iv
v
Representative of SME (Including at least one womanSelected by the out going Board)
Member from General Body of SMEF (Elected by
As per clause 41 of the Articles of Association the Foundation shall be operated under the management ofthe Board of Directors, consisting of 16 (Sixteen) nos. of members as under:
Chairman (Nominated by the Government)Representative from the Govt./ Govt. organization
FORMING INTEGRAL PART OF THE FINANCIAL STATEMENTS
Small & Medium Enterprise Foundation is a company limited by guarantee registered under section 28 ofthe Companies Act,1994 as an association not-for profit. The Foundation has been incorporated on 26November 2006 bearing No. C-672(12)/06 and started its function from 01 July 2007 with its own fund.
ICT maintenance support to SME Foundation
ICT Wing “E-commerce for SMEs” Fair and E-Commerce Readiness Workshop for SMEs
Representative of Civil Society and Technical University :
The principal action plan of the Foundation through different wings for the year 2010-11 were as follows-
(Selected by the outgoing Board)
The object of SME Foundation is having maintained consistency with PRSP under implementation by GOB,SMEF to establish Small & Medium Enterprises and to alleviate poverty, reduce unemployment and createmore employment and above all to help earn national economic growth by sustainable Industrialization.
Contributory Institutions as Endowment Fund for SMEFManaging Director ( Non-voting)
Existing numbers of members of the Board of Directors are 14 (Fourteen).The post of 2 (Two) Directorsfrom Contributory Institutions under Sl. No. (f) has been remained vacant.
Project Profile Development of Electrical & Electronic Testing Laboratory for Shampur-Kadamtoli Industrial Park
Techno-preneurship Development: Seeding entrepreneurship among to the Engineering/Technology graduates/students in association with any university or IEB (Institution of Engineers, Bangladesh) Technological Skill Development Program for footwear & leather goods sector
Technology Up gradation through implementation of Food Safety Management System for ISO 22000:2005 in Agro Processing Sector
.Technological Skill Enhancement Program on “Mold/Die Designers” development through CAD/CAM” in association with BITAC
SME FoundationAnnual Repor t 2011-1228
C Policy Advocacy and Research Wingi.ii.
iiiivv
D Business Support Services Wingi. Promotion of SMEs by Organizing Fairii. Entrepreneurship Development program through Business Plan competitioniii Provide Business Support through SME Advisory Service Centreiv SME Project Profilev Business Manual for SMEs
E Women Entrepreneurship Development Wingi.ii.iii
iv
vvivii
viii Compilation of Basic Information on Women Entrepreneursix Assessment of previous year’s training programs implemented by WED
F Human Resource developmenti.ii.iiiivvvivii
G Finance and Credit Services Wingi.ii.iiiiv
vvivii Conducting Studies on Financial Needs of Six SME Clusters viii
ix Monitoring & Evaluation of Credit Wholesaling Program of SME Foundation
Preparation of Concept Note on SME Development of BangladeshAnalysis on Two (2) SME Booster Sector.
National Consultation on SME Development.Organizing training program on "Tax and VAT payment system for SME entrepreneurs" in seven (7) divisions.Pre-budget Discussion and Preparation of SME enabling Budget Proposal.
Training on Working with Fashion Design (Phase- I & II)
Introducing new technology in dyeing Match making of potential and existing women entrepreneurs to facilitate, market linkage and outsourcing
Capacity Development of Small Weavers .
Organize training on bankable project proposal preparation (02 programs)
Advocacy for Introducing Credit Guarantee Scheme for SMEs
Integrated Supports for Development of Potential Women Entrepreneurs (Three Years Plan)
Networking event to explore diversified business ideas suitable for the women entrepreneursOrganize gender sensitizing training for the bankers (02 Programs in Rajshahi and Rangpur)Arrange training on how to start a new business (07 programs in seven divisional cities)
Capacity Development of Kaluhati Cluster Capacity Development of Small RMG for Meeting the Primary Compliances
Training as per demand of Trade bodiesTraining on Design and Development of Jamdani / BanaroshiCompilation of Fashion Design works (1-7 workshop)
Stocktaking of SME Credit Wholesaling & Financing Model System–Study Visits to SIDBI, India/SMIDEC of Malaysia/Indonesia/Philippine. [Total 2 Country Visits]
Financing SME Clusters/Clientele Groups under the Credit Wholesaling Program Organizing Three SME Financing Fairs Arranging Four SME Bankers-Entrepreneurs Conference & Seminar Arranging Four Matchmaking Events between Lenders and Borrowers
Promoting SME Rating System for SMEs
SME FoundationAnnual Repor t 2011-12 29
H Public Relations Sectionsi. Publication of quarterly newsletter (SME News)ii. Prepare video Documentary (English) for the SME Foundationiii Printing of colored Brochures (English) & reprinting of the existing ones iv Organize visits prog. with group of Journalists to SME dense /Cluster areas
1.01 Components of the Financial Statements:The financial statements of the Foundation includes the following components:
i. Balance Sheet as at 30 June 2012.ii. Income & Expenditure Accounts for the year ended 30 June 2012.iii. Cash Flow statement for the year ended 30 June 2012.iv. Notes to the Financial Statements for the year ended 30 June 2012.
2.00 SIGNIFICANT ACCOUNTING POLICIES:
2.01 Basis of Accounting:
2.02 Statement of compliance with local laws:
The Financial Statements have been prepared in compliance with requirements of the Companies Act, 1994& other relevant local laws as applicable.
The Financial Statements have been prepared on going concern assumption under the historical costconvention on accrual basis.
SME FoundationAnnual Repor t 2011-1230
2.03 Statement of compliance with International Accounting Standards ( IAS)
2.04 Fixed Assets and Depreciation
Particulars Rate (%)Furniture & Fixture: 10Air Conditioner 20Office Equipment 20Communication & Network Equipment 20Office Decoration 10Safe Vault 10Books & Periodicals 30Vehicle 20
2.05 Cash and Cash Equivalents
2.06 Cash Flow Statement
2.07 Inventories
2.08 Income Tax
The organization shall be required to submit I.T. Return under the I.T.O. 1984. It is noted that the organizationhas not provided tax on its income. No certificate of exemption from income tax on its income issued by theNBR could be produced by the management.
The annual depreciation rates applicable to the assets are as follows:-
The Financial Statements have been prepared in compliance with requirements of International AccountingStandards (IASs) as adopted by the Institute of Chartered Accountants of Bangladesh (ICAB) and asapplicable in Bangladesh.
Fixed Assets are stated at cost less depreciation. These are depreciated on straight-line method and half year’sdepreciation is charged on addition within 1st 6 (Six) months of the accounting year. The rates at whichdepreciation is charged per annum depend on the nature and estimated life of each asset.
According to IAS- 7 as adopted by ICAB as BAS- 7” Cash Flow Statement comprises of cash in hand anddemand deposit and cash equivalents are short term, highly liquid investments that are readily convertible toknown amount of cash and cash equivalent which are subject to an insignificant risk of changes in value. IAS-1 as adopted by ICAB as BAS-1 presentation of Financial Statements also provides that Cash and CashEquivalents are those which have no restrictions in use considering the provisions of IAS- 7 and IAS- 1. Cashin hand and Bank balances have been considered as Cash and Cash Equivalents.
Cash Flow Statement is prepared principally in accordance with IAS-7 as adopted by ICAB as BAS-7. “CashFlow Statement" and Cash Flow from operating activities have been presented under direct method andconsidering the provisions of para 19 of IAS -7 which provides that enterprises are encouraged to report CashFlow from operating activities using the Direct method.
Stock of Stationery supplies and Business Manual as on 30 June 2012 has been shown as Inventory which isvalued at cost by the management.
SME FoundationAnnual Repor t 2011-12 31
2.09
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SME FoundationAnnual Repor t 2011-12 37
3.00
3.01
3.02
4.00 REVENUE:
5.00 ADDITIONAL INFORMATION:
5.01
5.02 Reporting Period
5.03 Audit Fee
5.04 Board Meeting & Members
The revenue has been recognized as per IAS/BAS-18.The revenue of SME Foundation during the year underreview includes interest on FDR and STD accounts with different banks and interest on loan against CREDITWHOLESALING Scheme and also receipts as Donation, Sponsorship and income from Fair.
Responsibility for preparation and presentation of Financial Statements
NUMBER OF EMPLOYEES:
Contributory Provident Fund
Gratuity
As per payroll of the foundation there are 27 officers and 8 staff total being 35nos. of employees as againstapproved set up of 56 nos. till the date of our audit. All the employees are availing the benefit of SMEF's ownsalary structure.
The SMEF operates a Contributory Provident Fund for eligible employees which is administrated by a dulyconstituted independent Trust and equal contribution @ 10% of basic salary is made by both Employees and the Employer (the SMEF). The Fund has not yet been registered with the National Board of Revenue, Bangladesh.
The SMEF provides an un-funded gratuity scheme for its employees in two categories: for employees who haveserved for more than three years but less than five years-one month's last basic pay per year and for those whohave served for more than five years-two months' last basic pay per year of service covering length of serviceperiod. Gratuity amount has not yet been invested separately from the assets of the Foundation
The Board of Directors is responsible for preparation and presentation of Financial Statements under section183 of the Companies Act. 1994 and as per clause 72 of the Articles of Association of the Foundation and alsoas per provision of the framework for the preparation and presentation of financial statement issued by theInternational Accounting Standards Committee (IASC).
Financial statements of the Foundation cover one financial year from 01 July, 2011 to 30 June 2012.
As per decision of 6th Annual General Meeting of the Foundation held on 09-06-2012 the Auditors'remuneration fixed at Taka 75,000 has been provided in the accounts.
There are 14 Members in the Board of Directors of the Foundation and 07 Board Meetings were held in theyear under audit.
SME FoundationAnnual Repor t 2011-1238
6.00 RESERVE FUND: TAKA 207,553,156 2011-12 2010-11
Balance as on 01.07.2011 145,853,745 93,642,847 Transfer of 25% of interest 61,699,411 52,210,898 Balance as on 30.06.2012 207,553,156 145,853,745
7.00 MEMBERS' CONTRIBUTION FUND: TAKA 10,000
Balance from last year 10,000 10,000 Total 10,000 10,000
8.00 CREDITOR FOR GOODS: TAKA 6,775,014
Name of PartiesKarukaj (Printing & Stationery) 90,000 - Bengal Com Print (Printing & Stationery) 27,750 - M/S. Rashid Enterprise (Stationery Supplies) - - M/S. Express Media (Stationery Supplies) 192,340 5,763 M/S. Fakhrul Enterprise(Stationery Supplies) 68,884 28,994 Sayed Rezwanul kabir (News Paper) 550 Kafayet Ullah (News Paper) 2,430 Siddik Tailors & Fabrics (Uniform) 3,640 Video Vision ( Video) 12,700 M/S. Aftab Automobiles (Furniture Purchase) - 67,259 N/S. SMT International Food Supply) - 38,250 M/S. IP Communications (Vedio Documentary) - 277,200 M/S. Envision (Vedio Documentary) - 17,000 M/S.Computer Source(Purchase of computer) 391,720 - M/S. BLC Ltd.(CNC Machine) 5,931,000 - M/S. Alpine Fresh Water (Filter machine) 54,000 - M/S. Maan Enterprise (Mineral Water) - 2,990 M/S. Negoar Design Pvt. Ltd. (Interior decoration) - 1,320,512
Total 6,775,014 1,757,968
As per clause 13 of the Memorandum of Association the above amount contributed by the members to beutilized in the event of winding up of SME Foundation has been shown as Fund.
Amount in Taka
As per Endowment Fund Management Policy of SME Foundation 25% of interest earned on FDR ofEndowment & Reserve Fund amounting to Taka 61,699,411 has been transferred to Reserve Fund during theyear under audit.
SME FoundationAnnual Repor t 2011-12 39
2011-12 2010-11
9.00 CREDITOR FOR EXPENSES : TAKA 14,275,185
Bangladesh Tele Communication co. Ltd.(Telephone Bill) 4,986 5,020 Connect BD (Internet) 11,500 - Dr. Mostafa Abid Khan (Tax Tarrif in SME Study) 34,201 34,201 Income tax on Employees Salary 2,711,311 2,501,429 Officers & Employees Gratuity Fund 3,981,300 2,545,080 M/S. AF Kabir & Associates (Legal fees) 40,000 34,200 Abdullah Midea Ad. Centre (Advertisement) 19,980 - Wishij Shilpa Ghosthi (Advertisement) 25,000 - BSCIC(Advertisement) 133,763 - M/S. Gung chill (Advertisement) 20,080 - M/S. Matribhumi (Advertisement) 10,000 - Md. Akash (Salary) 15,000 - Naima Islam (WED Training) 40,000 - TMSS(WED Training) 78,664 - Nazma Khatun(WED Training) 3,200 - M/S Coffee Cookers (Policy Advocacy) 53,424 - Mr. Zaedul Amin khan (Policy Advocacy) 6,000 - Mr. Tanvir Arefin (Policy Advocacy) 6,000 - Mr. Tasnim Alam (Policy Advocacy) 10,000 - M/S pan Pacific Sonargoan (Policy Advocacy) 126,052 - BIAM (ICT Training) 64,030 - M/S Taraddin International (ICT Training) 22,720 - Akter Zahan (ICT Training) 28,000 - Md. Mahbuba Karim (ICT Training) 48,000 - Bangladesh computer council (ICT Training) 10,000 - M/S Fakrul Enterprise (ICT Training) 7,645 - M/S Coffee Cookers (HRD Training) 2,146 - CWCCI (HRD Training) 224,000 - Monwar Hossain (FSM) 160,000 - M/S Intertech BD Ltd. (FSM) 245,700 - Dr.Khondoker Sddique-e-Rab (FSM) 60,000 - Dr. Kamal Uddin (FSM) 60,000 - Prof. Moslem Ali (FSM) 50,000 - Mr. Abdul Malek (FSM) 50,000 - Dr. Md. Sirajul Islam (FSM) 60,000 - Dr.Md.Mahbubul Haque (FSM) 50,000 - Md. Shabuddin (Tax Consultant) 80,000 - M/S. K.M. Hasan & Co. (Audit Fees) - 60,000 M/S. S.K Barua & Co. (Audit Fees) 75,000 - M/S. New SAS Rent A Car (Car Rent) 504,710 136,094 M/S. Padma Traders (Fuel Exp.) 90,079 341,415 M/S. Israil Talukder (Fuel Exp.) 44,481 13,825
Mr.Muostafijur Rahman(Tour Bill) 3,982 - S.M.Nurul Islam (Tour Bill) 1,400 - Abu Monjur Sayeef (Foreign tour) 167,498 - INSME Membership fee 35,140 - Pacific Motors ltd.(Car repair & Maintanance) 8,515 - Navana Toyota 3S ltd.(Car repair & Maintanance) 22,275 - M/S Connect BD Ltd. (Accountig Software) 935,200 -
Amount in Taka
SME FoundationAnnual Repor t 2011-1240
M/S Connect BD Ltd. (ICT E-Catalogue) 701,000 - Md.Kayum (Overtime) 4,140 - Md.Nurul Islam (Overtime) 13,520 - Mr. Khursed (Overtime) 9,290 - M/s New sas Rent-A-Car (Overtime) 5,420 - Md.Mohsin (Overtime) 3,090 - M/S PRI (Consultancy Fee) 800,000 - Sonia Hossain Feroz (BSS Program) 9,147 - M/S Porsamachar (BSS Program) 12,000 - M/S Bengal Ltd. (BSS Program) 89,598 - M/S E3 Solution Ltd. (BSS Program) 679,680 - Hotel Purbani Int.(Credit wholesaling) 113,274 HotelAgrabad Int.(Credit wholesaling) 110,000 - M/S Ruposhi Bangla (AGM) 226,100 - M/S. Event Plus (Seminer Exps.) - 84,431 Md. Omor Faruk (Office worker) - 8,300 Mr. Aftab Ul Islam FCA (Internet bill) - 2,400 Mr. Aftab Ul Islam FCA (Land phone & mobile bill) - 6,000 Mr. ASM Sayedur Rahman Khan (WASA Bill) 3,000 - M/s Maan Enterprise (WASA Bill) 3,010 - Mr. ASM Sayedur Rahman Khan (Electricity Bill) 132,179 97,414 Mr. ASM Sayedur Rahman Khan (Service charge) 62,800 59,032 Mr. Bikash Chandra Das-cleaner (Daily basis wages) - 5,200 Mr. Dilip Barua (Telephone, Mobile & Internet Allowances) 5,446 1,246 Mr. Ali Akber(Wages) - 15,000 Mr. Shahjahan Millon(Wages ) - 15,000 Mr. Jewel Chandra Ghosh -cleaner - 5,200 M/S. NASCIB (Advertisement) - 20,500 M/S. IP Awarness(Advertisement) - 16,400 Rampal NBM High School(Advertisement) - 16,400 M/S. Prochito Advertising(Advertisement) - 25,118 M/S. Impact Advertising(Advertisement) - 47,560 M/S. View Point(Advertisement) - 16,072 M/S. Biz Bangla Media(Advertisement) - 16,400 M/S. Square Hospital Ltd. (Helth Check up) - 17,490 M/S. Progati Insurance (Insurance Premium) - 26,910 MS. Lina Fouzia Chowdhury (|Honorarium) - 10,000 M/S. World Class Media (Printing) - 178,046 M/S. Methila Enterprise(Printing) - 127,379 M/S. Ruposhi Bangla (SME Development Meeting Exps.) - 389,220 M/S. Pan Pacific Sonargaon(National Consultation Meeting Exps.) - 651,865 M/S. Young Consultation(Cluster Mapping) 792,900 2,643,000 M/S. Commando Guards Ltd.(Security Services) 33,990 54,556 M/S. Haq Bay Automobiles(Car Servicing) - 8,366 M/S. Bikrampur Refregerator(A.C Repairing) - 5,865 M/S. BFWE (Seminer Exps.) - 37,500 Mr. Mian Ashik Murshed (Training Exp) - 23,942 Mr. Syed Rezwanul Kabir (Internet bill) 1,500 3,000 Mr. Syed Rezwanul Kabir (Land phone & mobile bill) 5,800 11,600 Mr. Syed Rezwanul Kabir (Paper bill) - 884 Mr.Balaram Das -cleaner (Daily basis wages) - 5,200 Training Institute & Association (Annexure-A) 17,319 882,925
14,275,185 11,206,685
SME FoundationAnnual Repor t 2011-12 41
10.00 LIABILITIES FOR OTHER FINANCE : TAKA 913,055
TAX withheld Account:Dr. Mostafa Abid Khan 4,000 4,000 M/S. AF Kabir & Associates 8,000 8,000 M/S. Navana Furniture Ltd. 9,742 - M/S. Policy Research Institute 120,000 - M/S.IP Awareness 1,200 - M/S. Intertek Bangladesh ltd. 14,040 - M/S. New Sas Rent A Car 7,653 10,338 M/S. Gunchill 3,818 - M/S. RDRS Bangladesh 1,969 - M/S.Abdullah Media & ad. Center 3,238 - M/S Masranga Production 29,975 - Mr. ASM Sayedur Rahman 80,384 27,632 The Daily Azad 5,069 5,069 The Daily PurboKon 5,069 5,069 M/S. Tech Valley Distribution Ltd 7,496 14,261 M/S. Commando Guard Ltd 1,450 2,617 M/S. Impact Advertisement - 2,475 M/S. Fakhrul Enterprise 419 796 NASCIB - 750 M/S. IP Awarness - 600 Rampal NBM High School - 600 M/S. IBA Recruitment Test Project - 19,800 M/S. Economics Reporter Forum - 600 M/S. BIZ Banla Media - 600 M/S. IP Communication - 3,300 M/S. Methila Enterprise - 3,289 M/S. World Class Media - 2,120 M/S. Event Plus 11,988 9,875 M/S. Vew Point - 588 M/S. Negoar Design Pvt. Ltd. - 79,127 M/S. Prochito Advertisement - 919 Mr. Mohammed Shahabuddin 32,000 - M/S. Express Media 1,585 - K.M.Hasan & Co 6,000 - Kaluhati Shilpo malik Samity 165 - M/s Hotel Media International 1,744 - M/s Hotel Nice International 2,168 - M/S Otobi Ltd. 2,345 - VAT Clearing Account: Dr. Mostafa Abid Khan 1,799 1,799 M/S. A F Kabir & Associates 3,600 3,600 The Dailt Azadi 25,344 25,344 The Dailt PurboKon 25,344 25,344 M/S. Tech Valley Distribution Ltd 15,154 20,400 M/S. Commando Guard Ltd 2,910 7,853 ASM Syedur Rahman 5,652 2,826 M/S New Sas Rent A Car 13,774 18,608 M/S. Impact Advertisement - 12,375 M/S. Fakhrul Enterprise 1,672 3,186 NASCIB - 3,750 M/S. IP Awarness 6,000 3,000 Rampal NBM High School - 3,000 M/S. IBA Recruitment Test Project - 29,700 M/S. Economics Reporter Forum - 3,000 M/S. BIZ Banla Media - 3,000 M/S. IP Communication - 49,500 M/S. Methila Enterprise - 25,332 M/S. World Class Media - 31,794 M/S. Event Plus 5,394 4,444
SME FoundationAnnual Repor t 2011-1242
M/S. Vew Point - 2,940 M/S. Negoar Design Pvt. Ltd. - 260,901 M/S. Prochito Advertisement 13,416 4,595 M/S Progoti Insurance 2,613 2,613 M/S Abstract 781 781 Mr. Enamul Kabir 68 68 M/S Rashid Enterprise - 106 Impresive Design 1,304 41 M/S. Ainul Enterprise 360 360 M/S. Padma Traders 5,753 14,209 M/S. Maan Enterprise 287 206 M/S. Haq Bay Automobiles - 1,488 M/S. Color Zone - 6,720 M/S. Bill Board 1,336 3,626 M. Rahman Metals 560 315 M/S. Creative Connection - 1,760 M/S. Amecon - 1,600 M/S. Israil Talukder 846 607 M/S. Pulse & Tone - 416 M/S Roni Enterprise - 2 M/S Prime Traders - 38 Books & Tech View - 119 M/S Idea Printers - 345 M/S Promise Stationery - 110 M/S. Afnan Traders - 42 M/S. Noor Enterprise - 24 Merin Restora - 13 M/S. Express Media 15,675 3,627 M/S. M. K. Lether - 1,995 M/S. Al - Helal Enterprise - 600 M/S. Purnima Library & Stationery - 72 World Class Media Corp. Ltd. - 1,188 M/S. BiIkrampur Decoration - 1,706 M/S. Film Fair Vedio 2,325 3,000 M/S. Japan Electronics - 80 Smart Technologies(BD) Ltd. - 1,480 WIT Computer & echnologies Ltd. - 300 M/S Rain IT Ltd. - 160 M/S. Diganta - 932 M/S. Color Zone - 306 Solimullah Book Binding & Photostate - 351 Angel Stationery - 120 Hotel Super Ster Ltd. - 193 Gora Enterprise - 140 M/S. Amecon - 1,080 M/S. SMT International - 6,750 M/S. Abtab Automobiles - 1,780 M/S. Envisio - 3,000 M/S. Bikrampur Refrezator Workshop - 1,035 M/S. Haque Bay Automobiles - 394 Board Meeting 17,647 - A plus car decoration 122 - A Sukurer Hotel 122 - A.H. Enterprise 3,360 - A.H.Development publication house 43 - Abdul Khaled 1,050 - Abdullah Media Ad. Centre 16,190 - Adorsha Automatic dry cleaners 35 - Ahamed Nagar Medicine Plaza 19 - Akota Enterprise 1,725 - Akota rent a car 225 -
SME FoundationAnnual Repor t 2011-12 43
Al razi Hotel & Resturant 2 - Al-Fala Enterprise 3 - Aligore Library 78 - Allahar dan fall bitan 32 - Ansar VDP Academy 150 - Aoyn craft 117 - Appolo computer & Technology 9 - Baily Pathya ghor 210 - Barishal club 800 - Bengal leather house 18 - Betterfly Marketing Ltd. 3,500 - Bikrampur car decoration 71 - Bikrompur Mistanno Vandar 168 - Bismillah book binding 373 - Bismillah hotel & Restorent & Biriany house 2,700 - Bismillah paper & stationary supplies 574 - Bitan confectionary & general store 6 - Blue sky international 8 - Boishaki restora & biriany house 62 - Bonolota decoration 4,431 - Book View 1,235 - Chokorya Grand Hotel 166 - Coffee cookers-7 128 - Color Touch 2,585 - Connect BD Ltd. 920 - Dan fal Bitan 29 - Doial Myak & digital sound system 1,875 - Ekanto International pvt ltd. 28 - Environment Care 1,160 - Euro Asiano 161 - Fiza confectionry & General store 185 - Gallaxy sports 20 - Gowcia Paper House 119 - Grammen flower shop 112 - Gulshan fry pan 33 - Gunaphi Enterprise 29 - Gungchil 5,673 - Hasnahena Electronics 1,200 - Heritage Restaurant 210 - HM Traders 10 - Horun varity store 14 - Hotel Media International 15,330 - Hotel Nice International 13,574 - Hyundai Motors ltd. 5,212 - Ideal Library Ltd. 111 - Intertec Bangladesh 6,318 - Jaman & Brothers 31 - Jhawbon restora 32 - Jononi Enterprise 48 - K.M. Hassan & Co. 2,700 - Kaluhati paduka shilpo malik somitti ltd. Total 132 - Karukaj 228 - khair electronics 3 - Khaja electronics & Hardware 542 - Kosturi 173 - Leathereign 3,614 - M/S Rashid Enterprise 106 - M/S. Gowshia paper house 145 -
SME FoundationAnnual Repor t 2011-1244
M/S. Jamalpure traders 3 - Maa enterprise 24 - Madhuban 20 - Madina Fruits Gallery 133 - Maer doa cocarise 17 - Maer doa fal bital 41 - Maliha store 136 - Massranga Production Ltd. 179,850 - Mohammad Sahabuddin 14,400 - Media Enterprise 8 - Melody Music Corner 780 - Mita studio & colour lab 93 - Mita varaities store 21 - Mitu Enterprise 47 - Mollik & brothers 74 - Moni jutes goods & Handicrafts 419 - Moon general store 391 - Multi trade 450 - Nasim Garments 750 - Navana Furniture Ltd. 6,325 - New gift shop 40 - New Syed Motors 931 - Nijum advertising and computer 46 - Nisu paper & stationary 3 - Noakhali fall bitan 38 - Noor enterprise 30 - Otobi Limited 2,810 - Pixy trade cottage 422 - Policy resarch institute of Bangladesh 54,000 - Poly Path communication 40 - Porisanghan Adhidaptar Library 16 - Prince restora 23 - Rahib trade international 96 - Riad variety store 72 - Rifat trading corporation 11 - Rony enterprise 88 - Sayed & brothers 45 - Sajal electronic 20 - Samsun watch & Mobile 1,300 - Security digi tech 640 - Shahajalal cloth store 48 - Shahajalal rent a car 446 - Saima Confectionary 34 - Siddiks Tailors 1,019 - Siesta Hotel 3,375 - Siraj & son’s 682 - Snack & pack 38 - Star bekery & kabab ghor 861 - Star Leather Export 1,240 - Summer rent a car 212 - Sumon Library 389 - Sundorbon courier service 672 - Taj general store 967 - Tajir uddin grand hotel 4,647 - Tyre & Battery Bazar 656 - Ujala maik service & hossen decorators 1,350 - Universal sports 4 - Uphar Store 32 - Vhairab Upogela porishod Auditorium 200 - Vhuya Electronic al works 5 -
913,055 814,614
SME FoundationAnnual Repor t 2011-12 45
2011-12 2010-11 11.00 FIXED ASSETS - AT COST : TAKA 43,267,999
Furniture & Fixture 2,365,446 1,615,745 Air Conditioner 2,553,485 2,465,985 Office Equipment 5,172,140 2,225,108 Communication & Network Equipment 1,276,767 959,042 Office Decoration 12,643,340 12,502,860 Safe Vault 15,478 15,478 Book & Periodicals 114,343 63,788 Vehicle 13,196,000 13,196,000 Machineries 5,931,000 -
Total 43,267,999 33,044,006 Details are in Annexure-B
12.00 INVENTORY: TAKA 339,605
Stationery and SuppliesThis has been arrived at as follows:Opening balance 101,629 88,558 Purchased during the year 1,697,495 554,250
1,799,124 642,808 Less: Issued during the year 1,488,849 541,179
310,275 101,629 Add: Stock of Business Manual 29,330 62,300 Closing Balance Total 339,605 163,929
13.00 INTEREST RECEIVABLE: TAKA 56,360,466The breakup of above amount is as follows:Interest receivable on Endowment fund 46,064,589 50,904,705 Interest receivable on General Fund 6,116,986 3,145,424 Interest receivable on Credit Wholesaling Loan 422,968 1,508,745 Interest receivable on STD account balance 3,755,923 1,551,015
Total 56,360,466 57,109,889
The details of the amount have been stated under Note no. 2.09.
14.00 OTHER RECEIVABLE: TAKA 123,175
This has been arrived at as under:i) Mr. Nazeem Hasan Satter,AGM(Sale of Tender Schedule) - 15,000 ii) MS. Jona Talukder, Comp. Op. (Sale of Tender Schedule) - 3,000 iii) Mr. Nazeem Hasan Satter,AGM(Sale of Business Manual) - 8,400 iv) Mr. Nazeem Hasan Satter, AGM (Vendor Enlistment) - 37,200 v) MIDAS Financing ltd. 123,175 -
Total 123,175 63,600
Amount in Taka
SME FoundationAnnual Repor t 2011-1246
15.00 ADVANCE, DEPOSIT AND PREPAYMENTS: TAKA 96,727,006
The above amount consists of as follows:
(a) Travelling advance to employees 228,152 - (b) Other advance 679,290 1,054,795 (c) Advance Income Tax deducted at source (note no. -15.a) 88,492,892 58,514,627 (d) Advance against Office rent 7,326,672 -
Total 96,727,006 59,569,422 Position of other advances of Taka 679,290 is as under:
Sl. No. Name of the Employees Designation Amount Subsequent
adjustment date
1 Mr. Rahul Barua PO 301,000 -2 Mr. Mostafijur Rahman PO 40,000 8-Aug-123 Md Joinal Abedin PO 40,000 5-Jul-124 Md. Abbas Ali PO 50,000 22-Oct-125 Sumon Chandra Shaha PM 35,000 16-Jul-126 Mr. Abdus Salam Sarder PM 2,540 16-Jul-127 Mr. Abdus Salam Sarder PM 40,400 22-Oct-128 Mr. Abdus Salam Sarder PM 57,350 22-Oct-129 Mr. Rakib Uddin Khan PO 36,000 21-Oct-1210 Mr. Rakib Uddin Khan PO 52,000 21-Oct-1211 Sonya Hossain Firoz PM 5,000 12-Aug-1212 Sonya Hossain Firoz PM 20,000 8-Aug-12
Total 679,290
15.a
Balance as on 1.7.2011 58,514,627 35,459,600 Income Tax Deducted by Bank during the year:On FDR (Details are in para 2.09) 29,630,652 22,718,900 On STD (Do) 347,613 336,127
Total 88,492,892 58,514,627
15(d) Advance against Office rent:
Balance as on 01.07.2011 - - Add: paid during the year 9,420,000 -
9,420,000 - Less: Adjusted during the year 2,093,328 - Balance as on 30.06.2012 7,326,672 -
Advance Income Tax deducted at source : Taka 88,492,892
SME FoundationAnnual Repor t 2011-12 47
2011-12 2010-11 16.00 CREDIT WHOLESALING : TAKA 87,500,000
This has been arrived at as under:
Balance as on 01.07.2011 67,500,000 32,500,000 Add: Credit Wholesaling made during the year 30,000,000 37,500,000
97,500,000 70,000,000 Less: Recovery during the year 10,000,000 2,500,000 Balance as on 30.06.2012 87,500,000 67,500,000
Detailed break up is as under:
Name of the party Date of payment
a) MIDAS Financing Limited 14.04.2009 - 5,000,000 b) MIDAS Financing Limited 30.06.2009 - 5,000,000 c) MIDAS Financing Limited 02.05.2010 20,000,000 20,000,000 d)Mutual Trust Bank Ltd. 31.10.2010 17,500,000 17,500,000 e) NCC Bank Ltd. 26.05.2011 20,000,000 20,000,000 f)Eastern Bank Ltd. 08.12.2011 10,000,000 - g) MIDAS Financing Limited 30.05.2012 20,000,000 -
Total 87,500,000 67,500,000
Amount in Taka
During the year SME Foundation has given loan to Eastern Bank Ltd. & MIDAS Financing Limited against Credit Wholesaling Scheme ( Eastern Bank Ltd. for Leather Sector cluster based industries/Enterprises in Dhaka and MIDAS Financing Limited for Bogra Light Engineering cluster based industries/Enterprises and women entrepreneurs outside Dhaka) at interest @ 4% as service charge as per agreement with the parties.
17.00 BANK DEPOSIT : TAKA 2,480,900,000
The Breakup of the above amount is as follows:Endowment Fund 2,000,000,000 2,000,000,000 Reserve Fund 182,900,000 135,400,000 General Fund 298,000,000 238,000,000
Total 2,480,900,000 2,373,400,000
The details of the above amount have been stated under Note no. 2.09.
18.00 CASH AND CASH EQUIVALENT: TAKA 84,484,098
This has been arrived at as under:
Cash in hand 33,056 25,000 Cash at Bank :Bank Asia Ltd. (Scotia Br.) STD 00736000724 73,615,162 1,624,346 Bank Asia Ltd. (Scotia Br.) STD 00736000725 10,835,880 9,379,871
84,451,042 11,004,217 Total Cash & Cash Equivalents 84,484,098 11,029,217
SME FoundationAnnual Repor t 2011-1248
Interest on FDR of Endowment Fund in an amount of Tk.274,219,603 (Gross). The net interest on the same FDR i.e., after deduction of AIT stands at Tk. 246,897,644 upon which 25% of interest to the extent of Tk. 6,16,99,411 has been transferred to Endowment Fund account as per decisions of Endowment Fund Manage-ment Committee and the rest amount of Taka 212,520,192 has been shown as interest income.
19.00 INTEREST INCOME : TAKA 256,497,636 2011-2012 2010-2011
This has been arrived at as follows:
Interest on FDR of Endowment Fund 212,520,192 179,837,540 Interest on FDR of General Fund 35,469,660 20,660,270 Interest on STD A/C 5,681,061 4,014,799 Interest on Credit Wholesaling 2,826,723 1,668,687
Total 256,497,636 206,181,296
20.00 INCOME FROM FAIR : TAKA 930,000
Receipts from Fair 885,000 2,750,000 Receipts from Souvenir advertisement 45,000 129,775
Total 930,000 2,879,775
21.00 OTHER INCOME :TAKA 331,696
Sale of Tender schedule 97,000 113,700 Sale of Business manual 46,600 68,400 Sale of old newspaper 2,196 2,000 Miscellaneous income 185,900 52,281
Total 331,696 236,381
22.00 OPERATIONAL EXPENSES: TAKA 17,786,501
Local & In House Training 285,463 53,016 Technology & ICT Development Training 1,264,052 490,727 Capacity Building 4,004,643 2,371,913 Fair Expenses 4,438,095 8,479,814 Seminar & Symposium 1,267,802 1,336,490 Workshop Expenses 311,404 77,415 Women Entrepreneurs Award - 3,552,791 Video Documentary & Publication 1,199,000 - Business support Service program 1,670,758 - Consultancy fees 940,400 2,643,000 Research & development expenses 2,404,884 295,000
Total 17,786,501 19,300,166
SME FoundationAnnual Repor t 2011-12 49
23.00 ADMINISTRATIVE EXPENSES :TAKA 69,189,316 2011-2012 2010-2011
Salary & Allowances 36,105,030 31,256,947 Advertisement 1,713,917 1,650,233 Annual General Meeting 880,600 490,633 Audit Fee 75,000 60,000 Bank Charges 542,066 596,429 Board Meeting expenses 563,424 361,177 Computer Accessories 482,511 254,415 Donation & Subscription 120,010 85,500 Entertainment 213,282 275,663 Extra-Ordinary General Meeting - 195,000 Fees & taxes 102,575 8,545 Fuel & Lubricants 1,401,968 1,190,865 Legal Expenses 482,040 480,620 Income Tax on Employees Salary 2,711,311 2,501,429 Insurance Premium 225,809 283,418 News Paper, Periodicals & Publications 60,434 426,140 Other Meeting 604,535 599,638 Other Supplies 14,533 9,180 Overtime & Labor charges 155,236 97,450 Printing & Stationery 869,601 857,865 Recruitment expenses - 660,000 Rent & Rates 10,447,070 7,854,100 Repair & Maintenance 586,841 484,318 Security Services 1,156,285 1,102,981 Telephone, Mobile, Internet & Postage 453,712 352,525 Traveling & Conveyance 1,403,365 386,264 Welfare & recreation 1,196,091 691,499 Uniform & Liveries 77,800 25,000 Utility Expenses 1,310,270 981,528 Depreciation 5,218,985 3,367,610 Miscellaneous expense 15,015 6,852
Total 69,189,316 57,593,824
24.00
25.00 COMPARATIVE INFORMATION
REPORTING CURRENCY AND LEVEL OF PRECESSION
The figures in the financial statement represent Bangladesh currency (Taka), which has been rounded off tothe nearest Taka. Last year's figures have been re-arranged where necessary to conform with current year'sfinancial presentation.
Comparative information's have been disclosed in respect of the year 2011-12 for all numerical information'sin the financial statements and also the narrative and descriptive numerical information's when it is relevantfor understanding the current period's financial statements.
SME FoundationAnnual Repor t 2011-1250
Ann
exur
e-A
201
1-20
12
201
0-20
11
1B
EIO
AB
asic
Qua
lity
Con
cept
for S
MEs
02-0
3 M
ar 2
010
-
500
2B
EIO
AB
usin
ess A
ccou
ntin
g fo
r SM
Es12
-13
Apr
201
0-
30
0
3B
FWE
Entre
pren
eurs
Dev
elop
men
t &
Bus
ines
s Man
agem
ent
24-2
8 A
pr 2
010
-
5,05
0
4N
ASC
IBB
eaut
ifica
tion
& B
eaut
y Pa
rlor
25-2
9 M
ay 2
010
-
2,00
0
5B
WC
CI
Wor
king
with
Fas
hion
Des
ign
26 F
eb.-
03 M
arch
201
1-
45
0
-
8,30
0
1C
hitta
gong
Wom
en C
ham
ber o
f C
omm
erce
and
Indu
stry
(CW
CC
I)B
asic
Bea
utifi
catio
n(La
xmip
ur)
07-1
8 O
ctob
er, 2
010
2
,053
203
,000
2B
FWE
Entre
pren
eurs
Dev
elop
men
t &
Bus
ines
s Man
agem
ent
21-2
5 M
ar 2
010
-
-
3W
EAB
Wor
king
with
Fas
hion
Des
ign
21-2
6 Ju
ne 2
010
4C
WC
CI
Fash
ion
Des
ign
& D
ress
Mak
ing
06-2
0 M
ay 2
010
5,26
6
125,
425
5
BIT
AC
-
-
6
Sarm
in R
oksh
ana
Laki
-
-
7C
hitta
gong
Wom
en C
ham
ber o
f C
omm
erce
and
Indu
stry
(CW
CC
I)B
asic
Bea
utifi
catio
n(B
anda
rban
)14
-25
Febr
uary
, 201
1
4,0
00
203,
500
8C
hitta
gong
Wom
en C
ham
ber o
f C
omm
erce
and
Indu
stry
(CW
CC
I)B
asic
Bea
utifi
catio
n(C
ox's
Baz
ar)
30 A
pr. -
11 M
ay, 2
011
4
,000
22
6,70
0
9N
ASC
IBB
eaut
ifica
tion
& B
eaut
y Pa
rlor
01-0
5 M
ay 2
011
2,00
0
116,
000
17
,319
17,3
19
891,
225
T
otal
SMA
LL
& M
ED
IUM
EN
TE
RPR
ISE
FO
UN
DA
TIO
N
Sub-
Tot
al
Sub-
Tot
al
Bill
/ Out
stan
ding
am
ount
(in
Tak
a)
Sche
dule
of C
redi
tor
for
Exp
ense
s aga
inst
Tra
inin
g In
stitu
tes &
Ass
ocia
tions
As a
t 30
June
201
2
Dur
atio
n of
cou
rses
Nam
e of
Cou
rses
Nam
e of
Tra
inin
g In
stitu
tes/
A
ssoc
iatio
nSL
. No.
SME FoundationAnnual Repor t 2011-12 51
Ann
exur
e-B
Am
ount
in T
aka
Writ
ten
Bal
ance
A
dditi
on
Bal
ance
B
alan
ce
Cha
rged
Bal
ance
do
wn
valu
eas
on
durin
g th
eas
on
as o
ndu
ring
the
as o
n as
on
01.0
7.20
11 y
ear
30.0
6.20
1201
.07.
2011
year
30
.06.
2012
30.0
6.20
12
Furn
iture
& F
ixtu
re1,
615,
745
74
9,70
1
2,
365,
446
10
177,
852
16
8,61
7
34
6,46
9
2,
018,
977
A
ir C
ondi
tione
r2,
465,
985
87
,500
2,55
3,48
5
2097
1,59
4
493,
197
1,46
4,79
1
1,08
8,69
4
Off
ice
Equi
pmen
t2,
225,
108
2,
947,
032
5,
172,
140
20
453,
923
45
4,80
3
90
8,72
6
4,
263,
414
C
omm
unic
atio
n&
Net
wor
kEq
uipm
ent
959,
042
317,
725
1,27
6,76
7
2034
2,89
6
192,
198
535,
094
741,
673
Off
ice
Dec
orat
ion
12,5
02,8
60
140,
480
12,6
43,3
40
10
1,29
7,74
0
1,
250,
286
2,
548,
026
10
,095
,314
Safe
Vau
lt15
,478
-
15,4
78
103,
096
1,
548
4,
643
10
,835
Boo
k &
Per
iodi
cals
63,7
88
50,5
55
11
4,34
3
30
38,8
61
19
,136
57
,997
56,3
46
M
achi
nerie
s-
5,
931,
000
5,
931,
000
-
-
-
5,93
1,00
0
Veh
icle
13,1
96,0
00
-
13
,196
,000
202,
315,
000
2,63
9,20
0
4,95
4,20
0
8,24
1,8 0
0
Tot
al a
s on
30.0
6.20
1233
,044
,006
10
,223
,993
43,2
67,9
99
5,
600,
962
5,21
8,98
5
10,8
19,9
47
32
,448
,051
Tot
al a
s on
30.0
6.20
1121
,325
,581
11
,718
,425
33,0
44,0
06
2,
233,
352
3,36
7,61
0
5,60
0,96
2
27,4
43,0
44
SMA
LL
& M
ED
IUM
EN
TE
RPR
ISE
FO
UN
DA
TIO
N
Dep
reci
atio
n ha
s bee
n ch
arge
d on
Fix
ed A
sset
s for
hal
f yea
r at s
tate
d ra
te o
n th
e ad
ditio
n w
ithin
1st
six
(6) m
onth
s of t
he a
ccou
ntin
g ye
ar o
nly.
Sche
dule
of F
ixed
Ass
ets
Part
icul
ars
Cos
tR
ate
(%)
Dep
reci
atio
n
As a
t 30
June
201
2
