income statement

year 2000 year 2001 year2002 year 2003

sales 1,500,000 1875000 2343750 2929688

cost of sales
openig stock 0 60000 72000 86400
purchases 600000 780000 1014000 1318200
closing stock -60000 -72000 -86400 -103680

cost of goods sold 540,000 768000 999600 1300920

gross profit 960,000 1107000 1344150 1628768

operting expense -300,000 -330000 -363000 -399300
Depreciation -156000 -156000 -156000 -156000
profit before int&tax 504000 621000 825150 1073468
interest -49600 -42840 -36080 -30420
profit after interest 454400 548160 789070 1043048
tax -68160 -82224 -118360 -156457

profit after tax 386240 465936 670710 886590

Dividend -19312 -46593 -67071 -88660

profit carried forward 366928 835085 603639 797930

profit brought forward 0 366928 1202013 1805652

Retain profit 366928 1202013 1805652 3186263

 cash flow statement
sun light candles co.
cash flow from operating activities
Year 2000 year 2001 year 2002 year2003
EBIT 504000 1077000 981150 1229468
Depreciation 156000 156000 156000 156000
660000 1233000 1137150 1385468
increase in recieveable -300000 -75000 -93750 -117188
increase in payables 60000 18000 23400 30420
increase in stock -60000 -12000 -14400 -17280
interest Paid -49600 -42840 -36080 -30420
tax paid -68160 -82224 -118360 -156457
interest received 40000 40000

242240 1038936 937960 1134543

cash flow from Investing Activities

purchase of land -500000

purchase of palnt -360000
purchase of Pick up -350000
purchase of furniture -200000
purchase of c.system -150000
-1560000
cash flow from Financing activities

share capital 1,500,000

dividend -19312 -43952 -80331 -101919
ABM AMRO loan 160000 -16000 -16000 -16000
HBL laon 400000 -60000 -60000 -60000

investment in bank securites -200,000

2040688 -119952 -356,331 -1177919

net cash 722928 918984 581629 956624

opening balance 0 722928 1,641,912 2223541

closing balance 722928 1641912 2223541 3180165

 Balance sheet
sun Light candle co.
year 2000 year2001 year 2002 year2003
items
Current assets
Cash 722928 1641912 2223541 3180165
stock 60000 72000 86400 103680
debtors 300000 375000 468750 585938

fix assets

land 500000 500000 500000 500000

depreciation of land -50000 -100000 -150000 -200000
total 450000 400000 350000 300000
computer system 150000 150000 150000 150000
depreciation of c.system -15000 -30000 -45000 -60000
total 135000 120000 105000 90000
furniture 200000 200000 200000 200000
depreciation on furniture -20000 -40000 -60000 -80000
total 180000 160000 140000 120000
pickup 350000 350000 350000 350000
dep. On pickup -35000 -70000 -105000 -140000
total 315000 280000 245000 210000
plant 360000 360000 360000 360000
dep. On plant -36000 -72000 -108000 -144000
total 324000 288000 252000 216000

long term investment

investment in bank 200000
total assest 2486928 3336912

current liabilities

Interest payable 0
account payable 60000 78000 23400 30420

long term liabilities

ABM Loan 160000 144000 129600 116640

HBL loan 400000 360000 306000 260100
owner equity

capital 1500000 1500000

drawing -25000
net profit 366928 1202013 1805652 3186263
total libilities 2486928