Karmola Sales - Feb 2012

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Trading Account

				INCOME
				Sales Income
					Total Income	178,000
					Less: Sales Tax	5,340
					NET INCOME	172,660
EXPENDITURE
MANUFACTURING COSTS
Production
WORKS COST of Production		38,738
	Plus: Opening Inventory	155
	Total Inventory Value	38,893
	Less: Closing Inventory	116
WORKS COST of Goods Sold		38,777
					CONTRIBUTION TO PROFITS	133,883
FIXED OVERHEAD CHARGES
	Learning	6,215
	to Antare	109,800
	to Antan	0
	to Arianae	5,000
	Miscellaneous Costs	2,843
	TOTAL FIXED OVERHEADS	123,858
					TRADING PROFITS	10,025
					Annual Trading Profit	67,374

Cashflow Account

		OPENING BANK BALANCE			57,194
		Plus:	Shares Sold		0
			Loans Received		0
			Sales Receipts		172,660
		MAXIMUM BANK BALANCE			229,854
PAYMENTS
Production
			38,738
Capital Expenditure
			0
Finance					Arrears
	Corporation Tax		0		0
	Distributed Profit		0		0
Fixed Overheads
	Learning		6,215
	to Antare		109,800
	to Antan		0
	to Arianae		5,000
	Miscellaneous Costs		2,843
				Creditors:	0
TOTAL PAYMENTS				162,596
CLOSING BANK BALANCE				67,258

Balance Sheet

PROFIT and LOSS ACCOUNT
Trading Profit	10,025			Opening Retained Profit	57,349
Less: Loan Interest	0			Plus: Profit after Tax	10,025
Profit before Tax		10,025		Gross Retained Profit		67,374
Less: Corporation Tax		0		Less: Distributed Profit		0
Profit after Tax		10,025		Closing Retained Profit		67,374
BALANCE SHEET
LIABILITIES				ASSETS
Ordinary Shares				Opening Property	0
Antare	0			Plus: New Property	0
Antan	0			Closing Property		0
Arianae	0
Retained Profit	67,374
EQUITY		67,374		FIXED ASSETS		0
Plus:
Loan Capital	0			Cash	67,258
Creditors	0			Stock Value	116
		67,374		CURRENT ASSETS		67,374
NET CAPITAL EMPLOYED		67,374		TOTAL NET ASSETS		67,374

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