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Particulars 2,010 2,009 Particulars 2010 2009

Opening stock 518,230 516,129

Add.Raw Materials Purchase 17,980,025 9,562,609 Cost of Production 23,201,520 15,747,578

18,498,255 10,078,738

Less. VAT ( Rebate) on Purchase 1,368,514 447,698

Raw Materials available use 17,129,741 9,631,040

Less. Closing stock of Raw Materials 1,585,561 518,230

Raw Materials Consumed 15,544,180 9,112,810

Wages (Local Worker) 790,250 610,605

Foreign Technician Wages - 304,900

Machinery Lease Rent 576,960 432,720

Direct Expenses : 4,027,194 2,941,750

Electric Bill 2,924,957 2,215,585

Gas Bill 1,352,548 905,144

Diesel for Generator 220,000 213,550

4,497,505 3,334,279

Less: Electric Light Bill for office use 292,496 221,559

4,205,009 3,112,720

Less. Rebate on Electric & Gas Bill 177,815 170,970

Indirect Expenses : 2,262,936 2,344,793

Salary for Factory Staff 798,100 782,000

Repairs & Maintenance 47,861 94,991

Freight, Coolie & Cartage 39,520 35,162

Carriage Inward 61,960 156,823

Oil & Lubricant 49,750 61,697

Packing Expenses 124,370 75,356

Depreciation 1,141,375 1,138,764

TOTAL COST OF PRODUCTION 23,201,520 15,747,578 23,201,520 15,747,578

Opening stock of Finished Goods 210,480 164,082 Sales 28,862,779 19,532,535

Add. Cost of Production 23,201,520 15,747,578

Goods available for sales 23,412,000 15,911,660 Value Added Tax 4,329,415 2,929,880

Less. Closing stock of Finished Goods 293,560 210,480

Cost of Goods Sold 23,118,440 15,701,180

Value Added Tax 4,329,415 2,929,880 19.62%

Gross Profit (Transfer to P/L Account) 5,744,339 3,831,355 19.90

Total Taka 33,192,194 22,462,415 33,192,194 22,462,415

APEX POLYMER CORPORATION LTD.Manufacturing & Trading Account

For the year ended December 32,2010

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##########

80.39

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Particulars 2010 2009 Particulars 2010 2009

Director Remuneration 420,000 360,000

Salaries & Allowance 1,048,800 961,000ross ro t rans er

5,744,339 3,831,355

Printing 20,325 45,183

Stationery 11,420 10,460

Travelling & Conveyance 45,780 38,977

Entertainment 14,930 12,774et oss rans. o

2,185,712 342,359

Postage 13,850 11,790

R/M of Building 5,420 30,810

Electric Light Bill 292,496 221,559

Telephone Bill 22,062 21,093

WASA Bill 12,935 12,458

Land Revenue 5,879 5,879

Municipal Tax 8,424 8,424

Insurance Premium 313,270 196,029

Forms, Fees, Renewal & Reg. 114,810 83,009

Foreign Tours Expenses 45,620 109,540

Audit Fees 5,000 5,000Bank Charge 17,535 3,083

Bank Interest 2,758,968 1,276,509

Application Fee's for Lease 25,000 10,000

IDLC Loan Interest 1,808,292

Car Lease Rent 777,120 518,080

Courier 11,520 53,720

Signboard Making Charge 12,000 16,000

Medical & Welfare 13,475 12,558

Miscellaneous Expenses 14,290 13,489

Carriage Outward 23,840 96,110

Sample Expenses 4,500 9,925

Depreciation 62,490 30,255

Total Taka 7,930,051 4,173,714 7,930,051 4,173,714

-

Profit & Loss Account

For the year ended December 31, 2010

APEX POLYMER CORPORATION LTD.

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Balance As per Last Account 1,112,280 1,028,758 Intangible Income 258,837

Net Loss During the year 2,185,712 342,359Balance Transfer to

Balance Sheet3,442,306 1,112,280

Provision For Income Tax 144,314

Total Taka 3,442,306 1,371,117 3,442,306 1,371,117



Profit & Loss Appropriation Account

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AUTHORISED CAPITAL : Fixed Assets (as per Sch.) 49,345,771.00 10,988,178.00

5,00,000 Ordinary share of Tk. 100 each 50,000,000.00 50,000,000.00

Preliminary & Pre-operative Expenses 42,000.00 42,000.00

ISSUED, SUBSCRIBED & PAID-UP CAPITAL

Deffered Revenue Expenditure 611,688.00 611,688.00

21,000 Ordinary share of Tk. 100 each 2,100,000.00 2,100,000.00

Allotment 29,000 Ordinary share of Tk. 100 each 2,900,000.00 Current Assets : 11,852,201.00 6,645,290.00

Bank Loan 39,770,000.00 14,840,000.00 Closing stock 1,879,121.00 728,710.00

IDLC Loan 19,887,952.00 Stock in Transit ( Machinery) - 44,372.00

Current Liabilities : 500,000.00 2,459,436.00 Advancd, Deposit & Prepayment 4,651,691.00 207,101.00

For Expenses 500,000.00 459,436.00 VAT Receivable Account 23,751.00 61,838.00

Creditors for goods Supply 2,000,000.00 Cash at Bank 35,229.00 176,830.00

Loan to Active Distribution Ltd. 4,800,000.00

Cash in Hand 5,262,409.00 626,439.00

Profit & Loss Appropriation Account 3,442,306.00 1,112,280.00

-

Total Taka 65,157,952.00 19,399,436.00 65,293,966.00 19,399,436.00

- (136,014.00)

As at 31st December, 2010


Balance Sheet

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Balance as Addition Balance as Balance as Charge Balance as

on 01/01/09 During the year on 31/12/09 on 01/01/09 During the year on 31/12/09

Land & Land Development 2,157,563 - 2,157,563 - - - -

Factory Building - 1,753,268 1,753,268 0 - 175,327 175,327

Plant & Machinery 3,573,499 611,800 4,185,299 0 908,496 491,520 1,400,016

Furniture & Fixture 22,310 60,800 83,110 0 7,672 7,544 15,216

Office Equipment 13,200 62,000 75,200 0 4,539 7,066 11,605

Computer - 104,300 104,300 0 - 15,645 15,645

Electric Installation 19,365 886,295 905,660 0 9,257 89,640 98,897

Tools & Equipment 4,125 125,225 129,350 0 1,972 12,738 14,710

Air Compressor 772,220 - 772,220 0 77,222 69,500 146,722

Spare Parts of Machinery - 175,565 175,565 0 - 17,557 17,557

Diesel Generator 3,138,689 - 3,138,689 0 313,869 282,482 596,351

TOTAL TAKA 9,700,971 3,779,253 13,480,224 1,323,027 1,169,019 2,492,046

Allocation of DepreciationManufacturing Account 1,121,207.15

Profit & Loss Account 30,254.90


39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.

Particulars

CostDep.

Rate

Depreciation

Details of Fixed Assets as at December 31, 2009

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1,151,462.05

Balance as Addition Total as Balance as Charge Total as


Land & Land Development 2,157,563 - 2,157,563 0% - - -

Factory Building - 1,753,268 1,753,268 10% - 175,327 175,327

Plant & Machinery 3,573,499 611,800 4,185,299 15% 908,496 491,520 1,400,016

Furniture & Fixture 22,310 60,800 83,110 10% 7,672 7,544 15,216

Office Equipment 13,200 62,000 75,200 10% 4,539 7,066 11,605

Computer - 104,300 104,300 15% - 15,645 15,645

Electric Installation 19,365 886,295 905,660 10% 9,257 89,640 98,897

Tools & Equipment 4,125 125,225 129,350 10% 1,972 12,738 14,710

Air Compressor 772,220 - 772,220 10% 77,222 69,500 146,722

Spare Parts of Machinery - 175,565 175,565 10% - 17,557 17,557

Diesel Generator 3,138,689 - 3,138,689 10% 313,869 282,482 596,351

Tk. 9,700,971 3,779,253 13,480,224 1,323,027 1,169,019 2,492,046

Allocation of Depreciation

Manufacturing Account 1,138,764

Profit & Loss Account 30,255

Tk. 1,169,019



AHSAN RASHID & CO. CHARTERED ACCOUNTANTS


Particulars

Annexu

Cost Dep.

Rate

Depreciation

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Land & Land Development 2,157,563 2,157,563 0% - - -

Factory Building 1,753,268 1,753,268 10% 175,327 157,794 333,121

Plant & Machinery 4,185,299 8,695,166 12,880,465 10% 1,400,016 1,148,045 2,548,061



Computer 104,300 104,300 10% 15,645 8,866 24,511

Electric Installation 905,660 350,000 1,255,660 10% 98,897 115,676 214,573

Tools & Equipment 129,350 120,000 249,350 10% 14,710 23,464 38,174

Air Compressor 772,220 1,201,384 1,973,604 10% 146,722 182,688 329,410

Spare Parts of Machinery 175,565 200,000 375,565 10% 17,557 35,801 53,358

Diesel Generator 3,138,689 3,138,689 10% 596,351 254,234 850,585

Tk. 13,480,224 10,766,550 24,246,774 2,492,046 1,959,717 4,451,763

Allocation of Depreciation %

Manufacturing Account 1,917,702 1,567,773

Profit & Loss Account 42,014 391,943

Tk. 1,959,717 1,959,717



39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.Annexu


ParticularsCost Dep.

Rate

Depreciation

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1,753,268.00 350,653.60

2,547,074.00 509,414.80

13,180.00 1,318.00

5,857.00 878.55

90,500.00 13,575.00

894,887.00 134,233.05

127,055.00 19,058.25

656,387.00 98,458.05

2,824,820.00 282,482.00

8,913,028.00 1,410,071.30

As Per Asst. Copy

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Land & Land Development 2,157,563 2,157,563 0% - - -

Factory Building 1,753,268 1,573,587 3,326,855 10% 175,327 157,794 333,121

Plant & Machinery 4,185,299 36,353,421 40,538,720 15% 1,400,016 417,792 1,817,808



Computer 104,300 104,300 10% 15,645 8,866 24,511

Electric Installation 905,660 400,772 1,306,432 10% 98,897 80,676 179,573

Tools & Equipment 129,350 342,328 471,678 10% 14,710 11,464 26,174

Air Compressor 772,220 1,201,384 1,973,604 10% 146,722 62,550 209,272

Spare Parts of Machinery 175,565 785,206 960,771 15% 17,557 23,701 41,258

Diesel Generator 3,138,689 3,138,689 15% 596,351 381,351 977,702

Tk. 13,480,224 41,061,458 54,541,682 2,492,046 1,157,343 3,649,389

Allocation of Depreciation

Manufacturing Account 1,135,329

Profit & Loss Account 22,014

Tk. 1,157,343

Note: No Depreciation has been charged on Fixed Assets addition during the year as per Management desition.



39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.Annexu


Particulars

CostDep.

Rate

Depreciation W

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$25,000 B/E. No.- C-3022

1

Sl. No. Taka

1 Insurance 11,910.00

2 L/C Margin 100% 1,741,250.00

3 Bank Charge 11,504.00

4 Duty, VAT, etc. 83,159.00

5 Transport 27,000.00

1,874,823.00

$ 1,73,340 B/E. No.- C-17409

2

Sl. No. Taka


2 L/C Margin 100% 12,073,131.00


4 Duty, VAT, etc. 487,386.00


12,735,126.00

Particulars

APEX POLYMER CORPORATION LTD.L/C Costing For the year ended December 31, 2010


L/C. No. 2961-09--01-0570

Item: Inter Mixing Machine

Particulars

L/C. No. 2961-09--01-0561

Item: Tube Splicer Machine

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$30,000 B/E. No.- C-12632

3

Sl. No. Taka


2 L/C Margin 100% 2,089,500.00


4 Duty, VAT, etc. 86,000.00


2,241,851.00

$43,858 B/E. No.- C-96339

4

Sl. No. Taka


2 L/C Margin 100% 3,059,205.00


4 Duty, VAT, etc. 129,452.00



L/C. No. 2961-09--01-0555

Item: Tube Curing Press, Tube Building Machine & Sand Bluster

Particulars


L/C. No. 0888-10-01-0190

Item: 2 (Two) Set Tube Curing Press

Particulars

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4 Duty, VAT, etc. 127,460.00


2,518,441.00

Sl. No. Taka

1 Inter Mixing Machine 1,874,823.00

2 Tube Splicer Machine 12,735,126.00

3 Tube Curing Press, Tube Building Machine & Sand Bluster 2,241,851.00

4 2 (Two) Set Tube Curing Press 3,240,725.00

5 4 (Four) Set Tube Curing Press 5,047,289.00

6 Fulton Boiler 2,518,441.00

27,658,255.00

Particulars


APEX POLYMER CORPORATION LTD.Summary of Addition By L/C Machine

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1,741,250.00

12,073,131.00

Lease No. 01010904704-01

Lease No. 01010904704-02

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2,089,500.00

3,059,205.15

Lease No. 0101100334401

Lease No. 01010904704-03

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4,788,044.00

2,346,382.50

Lease No. 01011005567-02

Lease No. 01011005567-01

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27,658,255.00

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01. Significant of Accounting Policies

a) Background

b) Nature of Business

c) General

02. Issued, Subscribed and Paid -up Capital

Nos. of Share Amount in Tk.

Mr. Moazzem Husain 49,500 4,950,000

Mrs. Shahnaz-Ara Sayeed 500 50,000

50,000 5,000,000

03.

39,770,000

IDLC 19,487,952

Tk. 59,257,952

04.

1,585,561

293,560

Tk. 1,879,121

05.

94,261

Installment Deposit (Agr. No. 0101090470401) 65,860



Installment Deposit (Agr. No. 0101100334401) 104,420Installment Deposit (Agr. No. 0101100556701) 162,170


Tk. 1,038,851

Islami Bank Bangladesh Ltd.

Deposits with Titas Gas T & D Co. Ltd.


Raw Materials

in Bangadesh under the Company Act. 1994 vide Registration No. C-34751(1497)/98 dt.-26/01/1998.

The main objects of the Company is to manufacture, buy, sell, export, import and deal tyre, tube and

allied articles in boots and shoes, plastic sheet, foam & foam sheets, rubber & other rubber products


Notes to the Accounts for the year ended December 31, 2010


APEX POLYMER CORPORATION LTD. is a Private Limited Company has been Incorporated

and all other allied plastic and rubber products as well as to establish mills, dactories, tannery,workshop,

Advances, Deposits .& Pre- Payments

Finished Goods

power house, equipment with machineries for tuening out, producing of manufacturing lather goods,

softwear, fabrics and other fabrics materials.

The figures have been rounded off to the nearest taka.

Name of the Shareholders

SHORT TERM LOAN

Closing Stocks

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07. Cash & Bank Balances

4,939,087

Islami Bank Bangladesh Ltd. 6,513

State Bank of India, Dhaka. 28,776

35,289

Tk. 4,974,376

08.

Electricity Bill- For the month of December-2010 402,012

Gas Bill- For the month of December-2010 149,917

Salaries & Allowance- For the month of December-2010 79,800

Telephone Bill- For the month of December -2010 1,913

WASA Bill For the month October, November & December-2010 3,339

Audit Fees-For the year 2010 5,000

Managing Director's Remuneration For the Month of June to December 2010 140,000Tk. 781,981

09. Cost of Goods Sold

Raw Material Consumed (Notes-10.1) 15,544,180

Conversion Cost (Notes-10.2) 7,651,144

Cost of Goods Production 23,195,324

Add : Opening Stock of Finished Goods 210,480

Goods Available for Sale 23,405,804

Less : Closing Stock of Finished Goods 293,560

Tk. 23,112,244

09.1. Raw Material Consume

Opening stock of Raw Materials 518,230

Add : Purchase of Raw Materials 17,980,025

Goods Available for Use 18,498,255

Less. Rebate on Purchase of Raw Materials 1,368,514

17,129,741

Less : Closing Stock of Raw Materials 1,585,561

Tk. 15,544,180

09.2. Conversion Cost

Direct Labor & Wages 790,250

Machinery Lease Rent 576,960

Electricity Bill 2,924,957

Gas Bill 1,352,5484,277,505

Less. Rebate on Electricity & Gas Bill 177,815

4,099,690

Less: Electricity Bill for Office use 292,496

3,807,194

Diesel for Generator 219,850

Manufacturing Overhead (Notes-10.3) 2,256,890

Tk. 7,651,144




Cash in Hand

Cash at Bank

For Expeses

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09.3. Manufacturing Overhead

Factory Staff Salary 798,100

Repairs & Maintenance of Machinery 47,861

Freight, Coolie & Cartage 39,520

Carriage Inward 61,960

Oil & Lubricant 49,750Packing Expenses 124,370

Depreciation (Annexure-A) 1,135,329

Tk. 2,256,890

10. Administrative & Selling Expenses

Director Remuneration 420,000

Salaries & Allowance 1,048,800

Printing Charge 20,325

Stationery 11,420

Travelling & Conveyance 45,780

Entertainment 14,930

Postage 13,850

R/M of Building 5,420

Electric Light Bill 292,496

Telephone Bill 22,062

WASA Bill 12,935

Land Revenue 5,879

Municipal Tax 8,424

Insurance Premium 313,270

Forms, Fees, Renewal & Reg. 114,810

Foreign Tours Expenses 45,620

Audit Fee 5,000

Courier Service Charge 11,520

Signboard Making Charge 12,000Medical & Welfare 13,475

Miscellaneous Expenses 14,290

Carriage Outward 23,840

Sample Expenses 4,500Tk. 2,480,646

11. Financial Expenses

Bank Charge 144,562

Interest on Bank Loan (IBBL) 1,940,000

Interest on Bank Loan (SIBL) 818,968

Application Fee's for Lease 20,000IDLC Loan Interest 1,808,292

Car Lease Rent 777,120

Tk. 5,508,942

39-40/A, Haranath Ghosh Road, Lalbagh, Dhaka-1211.APEX POLYMER CORPORATION LTD.


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Sl. No. L.Ag. No. Date App. Fee Deposit IDCP Charge

1 4704-01 11/1/2010 5,000.00 65,860.00

2 4704-02 2/2/2010 5,000.00 ######### 53,587.00 15/2/2010

3 4704-03 21/03/2010 73,420.00 73,420.00 21/03/2010

4 334401 15/07/2010 5,000.00 #########

5 5567-01 23/11/2010 5,000.00 #########6 5567-02 27/12/2010 81,090.00

20,000.00 ######### 127,007.00

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########

62,490

########

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TurnoverSales include VAT 33,192,196

Less : VAT on Sales 4,329,417 28,862,779

Less : Cost of Goods Sold (Notes - 9) 23,112,244

Gross Profit 5,750,535

Less : Other Overhead

Administrative & Selling Expenses (Notes-10) 2,480,646

Financial Expenses (Notes-11) 5,508,942

Depreciation (Annexure-A) 22,014

8,011,602

Net Loss Before Tax for the year (2,261,067)

Add : Provision for Turnover Tax 144,314

Net Loss After Tax for the year (2,405,381)

Add : Balance brought forward from previous year (1,112,280)

Accumulated Loss Transferred to Balance Sheet Tk. (3,517,661)



for the year ended December 31, 2010


CHAIRPERSON MANAGING DIRETOR

Manufacturing, Trading and Profit & Loss Account

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SOURCES OF FUNDS Notes

SHAREHOLDERS' FUNDS

Authorised Capital

500,000 Ordinary Share of Tk. 100 each 50,000,000

Issued, Subscribed and Paid -up Capital

50,000 Ordinary Share of Tk. 100 each fully paid in cash 02 5,000,000

SHORT TERM LOAN 03 59,257,952

Tk. 64,257,952

APPLICATION OF FUNDS

FIXED ASSETS (W.D.V.)- As per Annexure-A 50,892,293

Current Assets

Closing Stocks 04 1,879,121

Sundry Debtors 2,204,506

Advances, Deposits & Pre-payments 05 1,038,851

VAT Receivable Account 06 23,751

Cash & Bank Balances 07 4,974,376

10,120,605

Less : Current Liabilities

Provision for Turnover Tax 144,314

For Expenses 08 781,981

926,295

NET CURRENT ASSETS 9,194,310

PRELIMINARY & PRE-OPERATIVE EXPENSES 42,000

DEFERRED REVENUE EXPENSES 611,688

PROFIT & LOSS ACCOUNT 3,517,661

Tk. 64,257,952

CHAIRPERSON

73, Kakrail, Dhaka.

Date:- 21-08-2010


CHARTERED ACCOUNTANTS

AHSAN RASHID & CO.



BALANCE SHEET AS AT DECEMBER 31, 2010

MANAGING DIRETOR

Signed in terms of our separate report of even date

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0.50

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06.

Sl. Month Rebate on Rebate on TR Challan Total VATNo. Purchase Elec. & Gas Bill Deposit on Sales

1 January 66,789 17,086 250,000 333,875 313,564

2 February 11,368 18,769 230,000 260,136 329,951

3 March 101,202 17,634 240,000 358,835 326,248

4 April 45,521 19,128 250,000 314,648 327,480

5 May 124,670 17,362 230,000 372,032 333,024

6 June 65,793 19,952 220,000 305,745 320,176

7 July 74,577 23,341 200,000 297,918 341,078

8 August 87,763 21,500 250,000 359,263 349,858

9 September 41,387 23,044 200,000 264,431 267,466

10 October 583,015 245,000 828,015 514,079

11 November 63,886 200,000 263,886 431,676

12 December 102,545 230,000 332,545 474,817

1,368,514 177,815 2,745,000 4,291,330 4,329,417

Openin Balance 61,839

Add: Rebate on Purchase 1,368,514Rebate on Electric & Gas Bill 177,815

Cash Deposit on TR Challan 2,745,000

4,291,330

4,353,168

Less: VAT on Sales 4,329,417

Tk. 23,751


Summary of VAT Account

VAT Receivable Account



VAT Receivable Account

Tk.

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###########

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Sl. No. Name of Raw Materials Qty. Rate Value

1 Synthetic Rubber 539.749 133.000 71,786.62

2 Raw Rubber 517.573 91.000 47,099.14

3 Re-claim Rubber 139.856 12.000 1,678.27

4 Carbon Black 754.577 68.160 51,431.97

5 Chemicals (TDQ) 177.026 171.060 30,282.07

6 Sulpher 261.099 71.200 18,590.25

7 Pinter Oil 1,600.553 54.082 86,561.34

8 Zinc Oxide 127.595 112.180 14,313.61

9 Crumb 834.164 6.750 5,630.61

10 Nozel 8" 105.848 400.000 42,339.20

11 Nozel 10"12"13" 142.467 350.000 49,863.45

12 Nozel 14"15"16" 50.070 297.700 14,905.84

13 Nozel 20" 89.140 315.620 28,134.37

14 Chemicals(DDS) 16.358 184.180 3,012.82

15 Tyre Cutting 21,040.308 2.500 52,600.77

26,396.383 518,230.32

S.L. Name of Finished Goods Qty. Rate Value

1 Baby Taxi Tube (8") 112 39.50 4,424.00

2 Baby Taxi Tube (10",12",13") 4 80.00 320.00

3 Auto Mobile Tube (14",15",16") 2 166.00 332.00

4 Re-Claim Rubber 15,915 11.60 184,614.00

5 Crumb Rubber 3,150 6.60 20,790.00

112.000 210,480.00

Finished Goods : 01/01/2010

APEX POLYMER CORPORATION LTD.Schedule of Opening Stock

For the Year 2010

Raw Metarial : 01/01/2010

TOTAL

TOTAL

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Sl. No. Name of Raw Materials Qty. Rate Value

1 Synthetic Rubber 866.823 195.460 169,429

2 Raw Rubber 3,497.864 245.000 856,977

3 Re-claim Rubber 838.971 13.000 10,907

4 Carbon Black 924.896 76.470 70,727

5 Chemicals (TDQ) 399.940 371.670 148,646

6 Sulpher 129.430 23.100 2,990

7 Pinter Oil 176.426 66.000 11,644

8 Zinc Oxide 142.556 155.010 22,098

9 Crumb 1,290.204 7.500 9,677

10 Nozel 8" 260.403 433.330 112,840

11 Nozel 10"12"13" 231.332 366.670 84,823

12 Nozel 14"15"16" 187.145 307.690 57,583

13 Nozel 20" 42.900 331.260 14,211

14 Tyre Cutting 3,717.408 3.500 13,011

12,706.298 1,585,561

S.L. Name of Finished Goods Qty. Rate Value

1 Baby Taxi Tube (8") 680 53.00 36,040

2 Baby Taxi Tube (10",12",13") 496 111.00 55,056

3 Auto Mobile Tube (14",15",16") 86 227.00 19,522

4 Auto Mobile Tube (20") 30 551.00 16,530

5 Curing Bag (20") 20 798.00 15,960

6 Re-Claim Rubber 9,265 12.60 116,739

7 Crumb Rubber 4,650 7.25 33,713

293,560

1,879,120.17

Finished Goods: 31/12/2010

TOTAL

GRAND TOTAL =

APEX POLYMER CORPORATION LTD.Schedule of Closing Stock

For the Year Ended December 31, 2010

Raw Materials: 31/12/2010

TOTAL

7/31/2019 Apcl (My) Accts 2010

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Turnover

Sales include VAT 22,462,415

Less : VAT (2,929,880)

19,532,535

Less : Cost of Goods Sold (Notes - 10) 23,112,244

Gross Profit (3,579,709)

Less : Other Overhead

Director Remuneration 360,000

Salaries & Allowance 961,000

Printing & Stationery 55,183

Travelling & Conveyance 38,977

Entertainment 12,774

Postage 11,790

R/M of Building 30,810Electric Light Bill 221,559

Telephone Bill 21,093

Wasa Bill 12,458

Land Revenue 5,879

Municipal Tax 8,424

Insurance Premium 196,029

Forms, Fees, Renewal & Registration 83,009

Audit Fees 5,000

Bank Charge 3,083

Bank Interest 1,276,509

Application Fee's for Lease 10,000

Lease Rent for Vehicles 518,080

Courier 53,720

Signboard Making Charge 16,000

Medical & Welfare 12,558

Miscellaneous Expenses 13,489

Carriage Outward 96,110

Sample Expenses 9,925

Depreciation (Annexure-A) 30,255

4,063,714

Net Loss for the year (7,643,423)

Add : Balance brought forward from previous year (1,028,758)

(8,672,181)Less: Intangible Income (Notes - 11) 258,837

Accumulated Loss Transferred to Balance Sheet Taka (8,413,344)



Manufacturing, Trading And Profit & Loss Account for the year ended December 31, 2009.

apcl (my) accts 2010

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