M. M. Rahman Co.
Chartered Accountants
Fashion.Com LTD.
Statement of Financial Position
As at 30 June 2018
Notes Amount in Taka Amount in Taka
Assets 2018 2017
Non-Current Assets 58,951,144 42,703,591
Property, Plant and Equipment 55,815,644 39,568,091
Annex 1
Preliminery Expenses 3,135,500 3,135,500
Current Assets 94,053,648 81,188,642
Inventories 2 10,860,945 7,875,630
Advance, Deposit & Prepayments 1 5,634,117 4,865,296
Trade Receivable 8,497,870 5,665,247
Cash and Cash Equivalents 3 69,060,716 62,782,469
Total Assets 153,004,792 123,892,233
Shareholders Equity and Liabilities
Equity 144,037,449 90,444,930
Capital 4,000,000 4,000,000
Retained Earnings 4 140,037,449 86,444,930
Loan From Bank 835,698 2,785,659
Bank Loan 835,698 2,785,659
Current Liabilities 8,131,645 30,661,644
Bills Payable 455,070 758,450
Other Liabilities 5,087,809 16,959,362
Inter Company Loan 2,588,766 12,943,832
Total Equity and Liabilities 153,004,792 123,892,233
- -
Proprietor
Dhaka
Date Chartered Accountants
M. M. Rahman Co.
Chartered Accountants
Fashion.Com LTD.
Statement of Comprehensive Income
For the year ended 30 June, 2018
Notes Amount in Taka Amount in Taka
PARTICULARS 2018 2017
Turnover 692,419,027 629,471,843
Cost of Sales 5 566,183,156 534,367,468
Gross Profit 126,235,872 95,104,375
Operating Expenses 22,653,571 21,199,202
Administrative Expenses 6 22,653,571 21,199,202
Operating profit/ ( Loss) 103,582,300 73,905,173
Other Income - -
Profit Before Interest & Tax 103,582,300 73,905,173
Financial expenses 6,150,540 5,125,450
Profit Before tax 97,431,760 68,779,723
Taxation 5,707,571 4,566,057
Net Profit 91,724,189 64,213,666
Proprietor
Dhaka
Date Chartered Accountants
M. M. Rahman Co.
Chartered Accountants
Continuation Sheet MAKC
Fashion.Com LTD.
Statement of Cash flow
For the year ended 30 June, 2018
Amount in Taka
2018
1. CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit 91,724,189
Add - Depreciation 2,332,497
(Increase)/ Decrease in Ending Inventories (2,985,315)
(Increase)/ Decrease in Advances, deposits & Prepayments (768,821)
(Increase)/ Decrease in Accounts Receivable (2,832,623)
Increase/ (Decrease) in Liabilities for expense (10,355,066)
Increase/ (Decrease) in Payables (303,380)
Increase/ (Decrease) in Other Liabilities (11,871,553)
Prior Year Adjustment
Increase/ (Decrease) in Audit Fees -
Net Cash Generated from Operating Activities 64,939,927
2. CASH FLOW FROM INVESTING ACTIVITIES:
Acquisition of Fixed Assets (18,580,049)
Other Investments
Net Cash In/ Outflow from Investing Activities (18,580,049)
3. CASH FLOW FROM FINANCIAL ACTIVITIES:
Short Term Loan (1,949,961)
Drawings/ New Capital (38,131,670)
Interest Expense
Net Cash In/ Outflow from Financial Activities (40,081,631)
Net Cash Increase/ (Decrease) During the Year 6,278,247
Opening Cash & Bank Balance 62,782,469
Closing Cash & Bank Balance 69,060,716
M. M. Rahman Co.
Chartered Accountants
Amount in Taka Amount in Taka
2018 2017
Note - 1 Advance, Deposit & Prepayments
Advance,deposit & prepayments 338,234 260,180
Advance Tax at source 5,295,883 4,605,116
5,634,117 4,865,296
Note - 2 Inventories/ Closing Stock
Raw Materials 2,288,445 1,525,630
Finished Goods 8,572,500 6,350,000
10,860,945 7,875,630
Note - 3 Cash & Cash Equivalent
Cash in Hand 41,436,430 37,669,481
Cash at Bank 27,624,286 25,112,988
69,060,716 62,782,469
Note - 4 Retained Earnings
As Per last Year Balance 86,444,930 22,231,264
Add - Current Year's Net Profit 91,724,189 64,213,666
Less - Drawings 38,131,670
140,037,449 86,444,930
Note - 5 Cost of Goods Sold
Opening Stock of Raw Material 1,525,630 1,025,780
Purchase 533,162,651 503,577,474
534,688,281 504,603,254
Less - Closing Stock of Raw Material 2,288,445 1,525,630
532,399,836 503,077,624
Factory Overhead
Carriage Inwards 328,608 365,120
Salary & Allownces 14,980,547 13,618,679
Factory Maintenance 368,580 364,931
Electricity Bill 660,156 653,620
Other direct costs 17,568,681 17,394,734
Depreciation 2,099,247 3,956,809
36,005,820 36,353,893
Add - Opening Stock of FG 6,350,000 1,285,950
574,755,656 540,717,468
Less - Closing Stock of FG 8,572,500 6,350,000
Cost of Sales 566,183,156 534,367,468
Note 6 Administrative Expense
Salaries, Office staff 17,598,299 16,294,721
Buying House Commission 1,500,610 1,389,454
Electricity 342,268 316,915
Telephone, Fax, Mobile Bill 308,297 285,460
Sample Making Cost 708,869 656,360
Office Expense 582,618 539,461
Insurance 244,493 226,382
Travelling & Conveyance 391,977 362,942
Repair & Maintenance 381,165 352,931
Donation 54,000 50,000
Misc. Expenses 307,725 284,931
Depreciation 233,250 439,645
22,653,571 21,199,202
M. M. Rahman Co.
Chartered Accountants
Annex 1
Fashion.Com LTD.
Schedule of Fixed Assets as at 30 June, 2018
SL Particulars Addition Depreciation WDV
Balance as on Addition Balance as on Rate Charged Balance as on Balance as on
01.07.17 30.06.2018 30.06.2018 30.06.2018
1 Building 32,252,737 12,843,931 45,096,668 5% 1,612,636.83 1,612,637 43,484,031
2 Equipments 233,516 1,048,321 1,281,837 5% 11,676 11,676 1,270,161
3 Machineries 6,745,187 3,740,414 10,485,601 10% 674,519 674,519 9,811,082
4 Furniture & Fixture 336,652 947,383 1,284,035 10% 33,665 33,665 1,250,370
Total Taka 39,568,091 18,580,049 58,148,140 2,332,497 2,332,497 55,815,644
Balance as on
Allocation 30.06.2018
Cost of Sales 2,099,247
Administrative Expense 233,250
2,332,497
Schedule of Fixed Assets as at 30 June, 2017
SL Particulars Addition Depreciation WDV
Balance as on Addition Balance as on Rate Charged Balance as on Balance as on
01.07.16 30.06.2017 30.06.2017 30.06.2017
1 Building 35,836,374 - 35,836,374 10% 3,583,637.40 3,583,637 32,252,737
2 Equipments 259,462 - 259,462 10% 25,946.20 25,946 233,516
3 Machineries 7,494,652 7,494,652 10% 749,465.20 749,465 6,745,187
4 Furniture & Fixture 374,058 374,058 10% 37,405.80 37,406 336,652
Total Taka 43,964,546 - 43,964,546 4,396,455 4,396,455 39,568,091
Balance as on
Allocation 30.06.2017
Cost of Sales 3,956,809
Administrative Expense 439,645
4,396,455
