Revised Kaliti Metal Products Draft Acct 2005

KALITI METAL PRODUCTS FACTORY SCHEDULE OF ACCOUNTS FOR THE YEAR ENDED JUNE 30 2005 Item No.

DESCRIPTION

ACCT. No.

SUBSIDARY LEDGER DEBIT

1 Cash On Hand Hand Enanu Asfaw Almaz Brehanu Brehanu Gebre

1101-0002 1101-0005 1101-0006

694619.37 1623.67 26495.04 722738.08

2 Cash At Bank Bank CBE.Akaki Branch C/A - 7 CBE.Kaliti Branch C/A - 29 CBE. Awassa Branch C/A -1266 CBE.Teklehaymanot Br.C/A -3409 Wegagen Bank Tekelehymanot Br. C/A 285

1104-0001 1104-0002 1104-0003 1104-0004 1104-0005

47442.90

3 Trade Debtors Debtors Ethiopian Pharmatical & Medical Supplies Ethiopian Iron and Steel Foundry Nile Coffee Export Nile International Akaki Sparepart Factory Ethiopian Air Force 4 Provision of Trade Debtors Ethiopian Pharmaticals & Medical Supplies

Nile Coffee Export Nile International 5 Other Debtors EDDC Akaki Pump Factory Maritime and Transit 6 Provision For Other Debtors EDDC Akaki Pump Factory Maritime and Transit 7 Prepayment Prepayment Leave Pay Deposit for Cylinder De osit for C linder Addis Gas&Plastic Factor Telecomunication Authoirity MTSE Imported Division Bid Bond EELPA Insurance Claim Sales Shop Rent -T/haimanot Inland Revenue Authority for VAT.-Local TBA Engineering Halleta Advertising Media & Enterprise PLC

1401-0035 1401-0112 1401-0117 1401-0118 1401-0119 1401-0120

11281400.06 15641.55 1000.00 1000.00 65084.45

50.06 569646.98 471985.68 1041682.72 315038.65 174150.48 110367.43 599556.56

1403-01-0001 1403-01-0006 1403-01-0007

1404-0001 1404-0002 1404-0003 1404-0004 1404-0005 1404-0007 1404-0009 1404-0012 1404-0018 1404-0021 1404-0025 1404-0026

11281400.06

50.06 2803.86 569646.98 471985.68 1010129.06 233902.99 2288518.63

1401-01-0035 1401-01-0117 1401-01-0118

1403-0001 1403-0006 1403-0007

CREDIT

315038.65 174150.48 110367.43 599556.56 7351.96 6500.00 3900.00 47035.63 405557.03 301062.09 14000.00 21737.40 132100.00 13191.80 15052.80 7590.00 13


DESCRIPTION

ACCT. No.


Container Rent 8 Contra-Acc Contra-Account ount MTSE- Contra Account

9 Staff Debtors Debtors Hailu Mengestu Lemma Mekonnen Merawi Gebru Menebere Yirga Mengestu Tefera Mulu Assegdom Masseresh Lemma Mitiku Merga Rukia Hussen Solomon Assefa Seyefu Sebhat Sirage Adem Sirage Jemal Senedu Sebelu Sherefa Abdo Belachew G/Yes Belay Bekele Belay Deme Belihu Zeleke Bekele Gebisa Beyene Reta Bahiru Muzeyen Betelhem Mamo Berhanu Shene Birhanue Menegeste Bezuneh Belachew Teshome Ketema Tenagne Alemayhu Teku Chenke Tadelech T/Michael Tadesse H/Mariam Tadessa Abera Tegist Desalgen Negasse Getaneh Negest Assemelash Amerga Zerga Amina Sherefa Amde Anbese Assefa Yigletu Asefa Tilahun

1404-0027

10000.00 985078.71

1404-04-0001

1405-0001 1405-0006 1405-0019 1405-0020 1405-0022 1405-0026 1405-0032 1405-0034 1405-0041 1405-0044 1405-0050 1405-0055 1405-0056 1405-0059 1405-0062 1405-0067 1405-0068 1405-0069 1405-0072 1405-0076 1405-0082 1405-0084 1405-0087 1405-0090 1405-0096 1405-0097 1405-0101 1405-0112 1405-0114 1405-0125 1405-0130 1405-0131 1405-0136 1405-0144 1405-0149 1405-0154 1405-0155 1405-0158 1405-0163 1405-0165

CREDIT

169042.15 169042.15

202.00 1019.00 739.46 561.00 1304.00 1273.00 768.52 1227.00 597.00 85.00 590.00 182.00 242.00 684.00 1639.00 776.00 1146.00 278.00 187.00 84.00 567.23 91.00 1043.00 935.00 1146.00 405.30 590.00 1694.00 892.00 1160.00 684.00 74.00 1359.00 85.00 600.00 199.00 978.00 728.00 587.00 781.00 14


DESCRIPTION

ACCT. No.


Aschalew Worku Abayneh Agaza Abe Alemu Ayneye Sheferaw Ethiopia Belete Elfenesh N/Work Etatu Nuguse Enanu Asefaw Enatenesh Mekuria Endale Gurmu Kedir Halid Wonyenshet Gebre Wassie Tesfa Zeleke Muluneh Zedamu Hige Egziabher Yeshi Haile Yassin Abduleselam Yared Eferem Yai Degifie Yedenekachew Adera Desta Kelil Derissa Diksisa Degefa Hundie G/Michael Feyessa Gennen Bayessa Gezahgn Syoum Gezahgn Eshete Getu Tefera Gossaye Seyoum Tilahun Lema Tebebe Solomon Fekadu Nida Fekadu Girma Hiwot G/Michael Germamie Tufa Addis Gorfu Mohamed Said Tasew Tebebu Dechasa Solomon Mulugeta Abebe Seferaw Mindayie Getachew Mehamed Yimam Hailu Sume Mimi G/Yes Hailu Belda Meron Getenet Hana Legesse

1405-0170 1405-0176 1405-0177 1405-0189 1405-0198 1405-0200 1405-0203 1405-0205 1405-0206 1405-0208 1405-0214 1405-0232 1405-0234 1405-0236 1405-0241 1405-0242 1405-0243 1405-0244 1405-0245 1405-0247 1405-0254 1405-0259 1405-0264 1405-0273 1405-0278 1405-0280 1405-0282 1405-0288 1405-0294 1405-0298 1405-0300 1405-0311 1405-0312 1405-0317 1405-0323 1405-0326 1405-0327 1405-0329 1405-0342 1405-0343 1405-0344 1405-0345 1405-0347 1405-0351 1405-0357 1405-0361 1405-0364

CREDIT

1016.00 253.00 199.00 604.85 597.00 400.00 871.00 1043.00 1133.70 1078.00 364.00 397.00 12291.00 144.00 371.00 74.00 1948.00 183.00 765.00 315.00 452.00 510.00 587.00 975.00 638.00 200.00 257.00 546.00 672.00 199.00 63881.76 684.00 6740.00 257.00 704.30 179.00 339.00 361.64 739.00 94.00 186.00 278.00 956.45 242.00 45.00 728.00 28.00 15


DESCRIPTION

ACCT. No.


Endeshaw Zenebe Fassil Andargie Tamene Kedida Tegabnesh Haile Mulat Sulutan Abebe Bogale Adane Alemseged Seleshe Tekale Desalegn Zewde Getahun Haye Melaku Luelseged Brehanu G/Abe Kalid Yasin Brehanu Getahun Fasica Hailu Bahiru Nurega Desalegn Haile Zeinu Sefa Samueal Demake Abebe H/Gebreal Ashagre Betele Begna Tadesse Dereje G/Sellassie

1405-0365 1405-0369 1405-0371 1405-0373 1405-0383 1405-0385 1405-0390 1405-0392 1405-0394 1405-0395 1405-0396 1405-0401 1405-0409 1405-0410 1405-0411 1405-0412 1405-0413 1405-0414 1405-0415 1405-0416 1405-0417 1405-0418 1405-0423

2146.00 1232.00 667.00 113.00 954.00 45.00 79.00 147.00 385.00 215.00 351.00 144.00 731.00 835.00 155.00 155.00 155.00 155.00 155.00 155.00 155.00 92.00 1273.00 144203.21

10 Sundry Debtor Debtorss Akaki Spare Parts Factory

1406-0003

1248.20 1248.20

11 Purchase and Trip Advance Advance Mossa Abdo Zeleke Muluneh Almaze Brehanu Abebe Beru Tebebu Dechasa

1409-0002 1409-0003 1409-0013 1409-0008 1409-0072

7561.95 1243.00 1000.00 77378.72 232.25 87415.92

12 Purchase Advance Petty Cash Abebe Beru

1409-01-0008

1522.97 1522.97

13 Stock Stock Finished Products -Black - Galvanized - Aluminum -Stainless Steel - Precoated - G-Mill &Other Products - Mobile Kitchen -Metal & Aspalt Washer

1501-01-1001 1501-02-1001 1501-03-1001 1501-04-1001 1501-05-1001 1501-06-1001 1501-07-1001 1501-08-1001

6780618.72 2988871.90 14995.00 11669.00 142.00 39745.96 28842.00 8139.03

CREDIT

16


DESCRIPTION

ACCT. No.


- Various Under Product. - Pipes Beam eams Bars Angels - At Awasa -Black " - Galvanized - At Teklehymanot - Black " - Galvanized

1501-09-1001 1501-10-10 -1001 1501-20-1001 1501-21-1001 1501-40-1001 1501-41-1001

340988.29 100007.06 .06 85451.95 31548.20 320073.24 84326.00 10835418.35

1502-01-1001

361863.71

1513-01-1001 1513-02-1001 1513-09-1001

5174026.65 19059454.80 299177.70 24532659.15

16 Indirect Indirect Materials Materials Electrode

1514-01-1001

64718.12 64718.12

17 Spare Parts Various Type Machnery Spare Parts Grain Mill Products and Machinary SP. Mobile Kitchen Products Spare Parts

1515-01-1001 1515-02-1001 1515-03-1001

4119919.14 1362695.04 268089.57 5750703.75

14 Work In In Process Process 15 Raw Material Materialss At RM-Store -

Black Steel Coils Galvanized Steel Coils Under Production Floor - Black Steel

18 Stock Obsolescenc Obsolescencee 19 Stock Indirect Materials - Imported Fitting, Screw, Bolts,Nuts & Others Beam U Channel Bars & Angle Iron Black Flat Sheet

1515-00-1001 1516-01-1001 1516-02-1001 1516-03-1001

2218969.43 1754732.92 606853.80 1784.36 2363371.08

1516-00-1001

148956.11

20 Stock Obsolecence-for Obsolecence-for Indirect Materials 21 Other Materials Materials Stock Stock Stationary and Printing Cleaning And Sanitation Fuel And Lubricant Medicen Others

1517-01-1001 1517-02-1001 1517-03-1001 1517-04-1001 1517-05-1001

58726.77 22427.65 62379.09 14117.56 25229.50 182880.57

22 Goods In Transit Transit L/C 09/50/1861/97 L/C KAL /23/101/04 L/C KAL /23/031/05 L/C KAL/23/039/05 L/C KAL/23/013/05 L/C KAL/23/046/05

1601-01-1002 1601-01-1067 1601-01-1071 1601-01-1073 1601-01-1074 1601-01-1075

2505618.75 7111689.90 1046467.72 261882.66 250.93 10885331.50 21811241.46

23 Provision For For Doubtful GIT GIT 24 Fixed Assets Assets Buildings

2505618.75

1601-00-1001 1700-01-1001

CREDIT

3457831.88 17


DESCRIPTION

ACCT. No.


Machineries Office Equipments Specialized Equipments Motor Vehicles Hand Tools Railway Line Computer & Software

25 Accumulated Depreciation Building Machineries Office Equipments Specalized Equipments Motor Vehicles Hand Tools Rail Way Line Computer & Software

1700-01-1002 1700-01-1003 1700-01-1004 1700-01-1005 1700-01-1006 1700-01-1007 1700-01-1008

CREDIT

19702142.38 582624.26 487665.52 6563465.94 911980.62 24581.20 555567.17 32285858.97

2603169.06 15188612.77 445304.13 418725.47 5393844.02 911980.62 24571.20 340951.04 25327158.31

1701-01-1001 1701-01-1002 1701-01-1003 1701-01-1004 1701-01-1005 1701-01-1006 1701-01-1007 1701-01-1008

26 Construction In Progress

Car Parking &Garage Clinic Extention

1801-01-1003 1801-01-1004

29397.26 7651.58 37048.84

27 Fixed Assets Assets In Transit Mobile Crane

1802-01-1015

433796.37 433796.37

28 Trade Creditor Creditorss Haile Etay Zuber Mohammed Ahmed Mohammed TBA Enginnering Mukeber

29 Sundry Creditor Creditorss Stock Suspense Court Order Payable Casher Allowance -Enanu Asfaw -Ethiopia Belete - Berhane Mengiste -Sendu Seblu Labour Union A.A. Rail Way Custom Kotebe Metal Tools Factory

2101-0002 2101-0004 2101-0019 2101-0046 2101-0058 2101-0062 2101-0063 2101-0064

5000.00 5900.00 5000.00 4945.92 636.00 500.00 420.00 500.00 22901.92

2102-0001 2102-0002 2102-0003 2102-0004 2102-0005 2102-0006 2102-0007 2102-0008 2102-0012

33.89 1235.00 480.65 480.00 445.00 335.00 118908.06 3548044.80 235.36 18


DESCRIPTION

ACCT. No.


Unclaimed Salary Abay Technical Services Kombolcha Textile Genet Wedajo Casher Allowance -Almaz Berhanu Asin Micro Finance Casher Allowance -Brehanu Gebre Insurance Solomon Kassa International Stationary Kaliti Feed Processing 30 Customers Customers Advance Advance Abay Technical Service Enterprise Addis Ababa Cement Factory Akaki Metal Products Factory Awash Construction Awash Tannery Ayta PLC. Addis Metal Processing Addis ababa Police Commission Akaki Spare Parts Anbessa City Bus A.A City Gover.Env. Protection Authority AAC.Gov.R. Authority Abdulesemed Ahmed Abebe Zeleke Addis Ababa Abattoris Adil Mohammed Bulding Construction Addis Ababa University Science Faculty Alemayehu K/Mariame Adiss Ketema K/Ketema Ahemed Basha Berta Construction Bini Leather Shoe Sole Factory Dim Kidanemihiret Cherch Dinku Sileshe Debebe Ero Delema DH Geda Blanket EELPA Ethiopian Iron Steel Industry Engineering Design Tools Ethio Rental House Ethiopian Airlines Ethiopian Crowen Corck & Can Manufacturing ETHIOF

CREDIT

2102-0014 2102-0016 2102-0017 2102-0018 2102-0020 2102-0031 2102-0032 2102-0035 2102-0036 2102-0037 2102-0038

1657.98 1115.50 53.00 1049.70 443.56 202.00 585.00 78.45 2353.58 2024.00 404.25 3680164.78

6 10 16 29 30 32 46 48 49 58 62 70 109 140 180 197 228 229 230 231 7 11 2104-04-0001 8 11 14 40 3 4 6 10 12 14 21

1723.97 55039.57 91.80 2358.74 5039.31 33512.17 4092.67 22100.62 137808.00 10.22 4090.89 1848.89 66400.00 45414.45 5339.54 28000.00 3007.90 7000.00 62910.75 3815.01 3871.26 3564.96 2831.71 3551.52 1168.40 2500.00 5000.00 5250.06 8042.12 2004.46 2774.88 55885.42 1528.46 8608.88 19


DESCRIPTION

ACCT. No.


Ermias Mergia Emenet Endeshaw Equatorial Business Group Eyerusalem Memorial Association Ethiopian Metal Products Finfine Construction PLC. Fafa Food Factory Gad Construction Guna Sets General Trading G/Mariam Gizaw G.C Gonder Ketema Ageslot Haregewoin Desta Harar Brewery Sh. Company Imter PLC IC S Kaliti Food Industry Sh. Co. kassa G/Tsadik PLC. B.C. Konolke Construction K.C.M.P.E Kebede Diriba KOSPI Kangaro Plastic PLC K. Subcity Housing Project /Kirkos K/Ketema/ Lalibela Enginerring Constrction Lideta Sub-City Housing Development Lome Woreda Education Capacity Building Maritime And Transit Service Enterprise Maru Metal Industry Mekanisa Mekaneyesus Church Midroc Construction Ministry of Agriculture Mobil Oil East African LTD. Moha Soft Drink Mohamed Abdurahiman Mohmed zabir Mohmed Yimer son Ltd Co. Motor Truck Company Mozvold PLC Muger Cement Factory Minicipality of Planning & Project Mohmed Abdulahie Agsedy Menco Meta Abo Brewary Mewit A.A region Misac G.C Matador-Addis Tyer Sh.Co. Melak Tadesse Modern Office

25 74 77 104 105 2104-06-0001 2 5 15 33 81 6 16 11 15 2 3 6 8 9 2104-11-16 23 62 2104-12-0001 16 17 2 3 2104-13-0007 12 13 18 21 22 23 24 25 26 27 29 31 35 40 41 55 76 107

CREDIT

1997.21 28000.00 1276.78 673.79 3660.95 2948.50 3494.92 32472.67 5000.00 23000.00 22257.69 1500.00 8360.73 104258.00 26802.96 1317.78 1626.24 1030.40 68464.37 6731.61 105248.23 1000.00 72884.69 57296.90 37746.45 7000.00 59303.04 15349.04 2288.00 37768.99 21169.52 4938.67 30995.49 1162.69 912.00 1700.73 3235.01 2198.45 1018.47 24891.77 52907.91 2820.13 56633.99 40697.85 1480.95 2148.66 3422.54 20


DESCRIPTION

ACCT. No.


Magon Construction National Alcohol & Liker Factory National Enginers Nile Coffee Export Nazeret Tractor Megetatemia(Assembly) Sc. National Enginers Contractors Nigiru Keberet B.C Nefase Silk Laftao Housing Dev. Project Omedad Pvt. Limited co. Oromia Dev. Association PBPPE Police Force Referal Hospital Quality And Standared Authority Red sea Construction Rokon Construction Sentic Ethiopia PLC. Social Security Sur Construction Selam & Technical Vocational Center Sebeta agro Industry Star Busines Group St. Georges Church Tesfaye Yifiru General Contractor Teck tra enginering Teklebrihan Ambaye B.c. Tana Diriba Tamiru Yohannes Tenalem Trading Varnero Constrction Walta Ethiopia Wuluta Andeshe Yirga Import Interprise Ziqala Steel Rolling Mill Zuber Mohamed 31 Accured Accured Payable Payable Audit Fee

Accrued Others Accrued Interest Payable Accrued Annual Incentive fund Accured Annual Leave 32 Taxation & Pension Income Tax Payable

CREDIT

125 3 5 7 10 12 20 48 52 2 11 3 4 2104-17-0001 14 15 6 7 12 24 28 71 104 4 8 11 17 26 92 2104-22-0001 2104-23-0001 34 3 4 7

20174.22 56594.41 3887.86 20871.19 6145.55 1356.52 27866.00 6646.39 28938.95 1250.79 4868.64 5490.36 17560.50 1075.89 83596.95 62544.11 6434.86 3802.42 94785.20 79010.97 18444.80 7863.24 1000.00 7633.91 1064.91 82697.30 2553.61 4395.21 60000.00 1953.89 1282.16 8201.06 1317.35 1625.25 2289.49 2324505.36

2107-0001 2107-0003 2107-0005 2107-0006 2107-0008 2107-0009 2107-0011

7391.30 593.84 662583.36 38253.27 53341.24 11981.37 632644.87 1406789.25

2201-0001

391.21 21


DESCRIPTION

ACCT. No.


4% Pension Payable 6% Pension Payable V.A.T Payable

CREDIT

2201-0002 2201-0003 2201-0006 0.00

33 Financial Financial Obligation Obligation Profit Tax State Dividend

2301-0001 2301-0002

64.62 96.93 392408.38 392961.14

796916.28 796916.28

51332.91 51332.91

34 Short Term Term Loan Loan Short Term Loan-1 st

2401-0001

2660740.21

Short Term Loan-2 nd

2401-0002

3242964.88 5903705.09

35 Long Term Loan - For Grain Mill Factory From Principal Interest

2611 2611-0002

36 State Capita Capitall

3101-0001

7500000.00 10365303.32 17865303.32 9677918.83

37 Reserv Reservee Legal Reserve Retained Profit

3201-0001 3201-0002

976288.44 1885697.64 0.00

38 Cash Sales Of Products - Flat Sheet -Tube & Angle Iron - Secco Profile - Press EGA & U Channel - Structural & Furniture Unit - Other Sales

2861986.08

4101-0001 4101-0002 4101-0003 4101-0004 4101-0005 4101-0006 4101-0007

13068132.86 27962304.14 949482.92 16140709.52 8405611.26 534091.71 408283.45 67468615.86

4102-0001 4102-0002 4102-0005 4102-0006

1936502.52 3133221.52 2370.00 4605.00 5076699.04

40 Cash Sales Of Products At At Awassa Branch Flat Sheet Tube And Angle Iron Secco Profile Pressed Sheet, EGA & U-Channal Structural Unit

4101-01-0001 4101-01-0002 4101-01-0003 4101-01-0004 4101-01-0005

34233.94 656173.29 74071.44 16453.31 4644.36 785576.34

41 Cash Sales of Products At T/Haymanot Branch Flat Sheet

4101-02-0001

475.24

- Imported Materials for Resale

39 Credit Credit Sales Sales Flat Sheet Tube And Angle Iron Structural and Furniture Unit Other Sales

22


DESCRIPTION

ACCT. No.


Tube and Angle Iron Secco Profile Pressed Sheet, EGA & U-Channal Structural and Furniture Unit Other Sales

4101-02-0002 4101-02-0003 4101-02-0004 4101-02-0005 4101-02-0006

42 Sales Returns Returns & Discount Discount

4103-0001

43 Other Income Income

4104-0001

44 Direct Materials Materials Consumption Consumption Manufacturing - Black -Galvanized -Aluminum

CREDIT

4113894.95 676981.33 445.68 27858.10 1243.20 4820898.50 185252.71 111979.74

5101-01-1001 5101-02-1001 5101-04-1001

28626256.65 13469541.99 733.58 42096532.22

5102-01-1001 5102-02-1001

1505037.37 79448.85 1584486.22

46 Indirect Materials Consumption-Manuf. Fittings Beams & Bars Spare Parts Electrode Grain Mill Items Mobile Cookers Items

5201-01-1001 5201-02-1101 5201-04-1301 5201-05-1401 5201-06-1501 5201-07-1601

296816.10 32134.29 1235867.90 5071.27 17850.00 4854.05 1592593.61

47 Indirect Materials Consumption -Structural Fittings Deformed Bars Spare Parts Electrods Grain mill Spare Parts

52 5 202-01-1001 5202-02-1101 5202-04-1301 5202-05-1404 5202-06-1501

52225.19 41250.21 34050.01 37300.09 1694.00 166519.50

48 Salary and Wages Wages at Cost Centers Cutting and Slitting Salary Overtime Annual Leave

5301-01-1001 5301-01-1101 5301-01-1201

198999.61 31325.08 454.04 230778.73

49 OME and and SECCO SECCO Salary Overtime Annual Leave

5302-01-1001 5302-01-1101 5302-01-1102

281760.18 72300.85 9831.91 363892.94

45 Direct Materials Consumption

Carpentery - Black - Galvanized

23


DESCRIPTION

ACCT. No.


50 EGA. U Channal & Press Salary Overtime Annual Leave

5303-01-1001 5303-01-1101 5303-01-1201

216311.82 34733.76 1546.43 252592.01

51 Structu Structural ral & Furniture Unit Salary Overtime Annual Leave

5304-01-1001 5304-01-1101 5304-01-1202

886182.30 65010.84 32033.46 983226.60

6101-0021 6101-0022 6101-0023 6101-0024

746495.01 57968.16 184091.23 29289.66

Funeral Expense

6101-0031 6101-0032 6101-0033 6101-0034 6101-0035 6101-0036 6101-0037

139354.02 85417.70 135373.20 5145.50 1125.22 389012.08 2000.00

Depreciation Building & Land Improvement Machinery Hand Tools

6101-0041 6101-0042 6101-0043

85981.31 1128382.40 1640.00

Repair and Maintenance Machinery Work Shop Spare Parts and Other Material Truck Mobile Crane Forklift

6101-0051 6101-0052 6101-0053

27572.83 113245.40 48898.53

Electricity and Water Consumption Factory Supplies Stationary Printing Office Supplies Cleaning and Sanitery Supplies Paint Electrical Supplies

6101-0061

238160.81

6101-0063 6101-0064 6101-0068 6101-0066

14333.37 13672.23 27895.63 37239.65

Training Expense

6101-0070

26450.00

Fuel Lubricant & Greese

6101-0071

108314.26

52 Factory Factory Overhead Overhead Salary & Wage Salary Wage Overtime Annual Leave Employees Benefit 6% Pension Medical Uniform Tution Fee Milk Expense

CREDIT

24


DESCRIPTION

ACCT. No.


Insurance

6101-0072

100725.00

Others Food Accomodation Perdium,Transport Entertaining Customs Inspection Fee Cylinder Rent Machinary Rent Consultancy Fee

6101-0062 6101-0065 6101-0067 6101-0074 6101-0079 6101-0080

31950.17 17044.95 1790.00 825.00 1715.58 1179.64 3802288.54

7102-01-1001 7102-02-1001 7105-01-1001

520267.91 6710.54 526978.45 390392.37

8101-0021 8101-0022 8101-0023 8101-0024

547604.94 15887.42 45508.63 11221.18

8101-0031 8101-0032 8101-0033 8101-0034 8101-0035

40953.77 17531.46 5473.18 17313.50 109158.56

Building & Repair Charge Repair Charge Furniture & Equipments

8101-0054 8101-0055

568.63 2179.98

Food Accomodation and Perdium

8101-0062

26649.58

Stationary & Office Supplies Cleaning and Sanitary Supplies

8101-0063 8101-0064

43612.80 3955.95

Entertaining

8101-0065

515.55

Advertizing and Publicity

8101-0066

277574.32

Bid Announcement Training Expense Stock Obsolecence

8101-0070 8101-0071 8101-0074

3594.00 6242.41 376676.21 1552222.07

CREDIT

53 Cost Of Goods Sold

Fitting & Others Grain Mill & Mobile Cooker 54 Cost Of Goods Sold Main Products 55 Selling & Distribution Expense Salary and Wage Salary Wage Overtime Annual Leave

Employees Benefit 6% Pension Medical Uniform Education Fee

25


DESCRIPTION

ACCT. No.


CREDIT

56 Selling & Distribution Expense Awasa Branch

Salary Wage Leave Pay

81 8 101-01-0021 8101-01-0022 8101-01-0024

32311.50 9740.30 5331.36

Employees Pension Medical Expense School Fee Building Repair Charge

8101-01-0031 8101-01-0032 8101-01-0034 8101-01-0054

1221.42 1043.36 2035.00 71.00

Electric and Water Consumption

8101-01-0061

783.48

Transport Allowance

8101-01-0062

9948.98

Stationary Printing & Office Supplies Cleaning & Sanitary Supplies

8101-01-0063 8101-01-0064

140.00 224.00

Advertising and Publicity Telephone Expense Bank Charge Rent of Sales Shop Municipality Tax

8101-01-0066 8101-01-0067 8101-01-0070 8101-01-0073 8101-01-0074

4503.50 350.24 1508.91 8400.00 2625.00 80238.05

Salary Wage Overtime Annual Leave

8101-02-0021 8101-02-0022 8101-02-0023 8101-02-0024

85779.31 9961.82 3141.93 15173.51

Medical Expense Uniform School Fee

8101-02-0032 8101-02-0033 8101-02-0034

277.77 1300.74 3718.00

Building Repair Charge

8101-02-0054

351.30

Electricity And Water

8101-02-0061

1133.30

Food Accomodation and Perdium

8101-02-0062

7826.96

Stationary & Printing Cleaning & Saniary Supplies Postage Telephone Expense

8101-02-0063 8101-02-0064 8101-02-0066

310.40 979.10 3146.61

57 Selling and Distribution -T/haymanot Branch Salary and Wage

26


DESCRIPTION

ACCT. No.


Bank Charge Rent Of Sales Shop

8101-02-0070 8101-02-0073

600.50 120000.00 253701.25

Wage

8102-0021 8102-0022

1276558.45 73004.35

Overtime Annual Leave

8102-0023 8102-0024

219075.55 49923.79

6% Pension Medical Uniform Education & Tution Fee Bonus Funeral

8102-0031 8102-0032 8102-0033 8102-0034 8102-0035 8102-0036

81717.86 50130.33 26945.30 31006.00 174498.85 2500.00

Employees Prize

8102-0037

4000.00

8102-0041 8102-0045 8102-0046 8102-0047 8102-0090

8168.46 34330.04 290768.35 17235.01 71538.83

Furniture and Office Equipment

8102-0054 8102-0055

23875.73 15412.78

Food Accomodation Perdium & Transport

8102-0062

64897.44

Stationary,Printing Office Supplies Cleaning &Sanitary Supplies

8102-0063 8102-0064

99358.53 10752.05

Entertaining Expense

8102-0065

7780.55

Postage Telephone Telex

8102-0066

72058.82

Training Expense

8102-0067

26854.96

8102-0068 8102-0069

1021033.92 1154032.28

58 Administration Expense Salary and Wage Salary

CREDIT

Employees Benefit

Depreciation

Building & Land Improvement Office Equipment Vechicle Specialised Equipments Computer& Software

Repair Charge Building

Interest

Interest On Overdraft Interest On Long Term Loan

27


DESCRIPTION

ACCT. No.


Bank Charge Repair Charge Of Vehicles

8102-0070 8102-0071

71633.39 203304.25

Fuel & Lubricants

8102-0072

271493.17

Insurance

8102-0073

77577.30

Municipality Tax & Relted Expense Mess Hall Material Expense

8102-0074 8102-0075

71693.20 1885.94

Board Men & Perdium Allowance

8102-0076

26625.00

Annual Incentive Fund Car Parking Expense Legal Case Expense

8102-0077 8102-0078 8102-0079

21367.40 2073.00 4870.20

Audit Fee

8102-0081

7391.30

Vacant Annoncement & Examination fee

8102-0083

2272.00

Employees Federation Rent Expense Donation Expense Provision for Bad Debt

8102-0086 8102-0088 8102-0089 8102-0090

3350.00 4000.00 12000.00 1641189.22 7330183.60

CREDIT

28

KALITI METAL PRODUCTS FACTORY WORK SHEET FOR THE YEAR ENDED OF JUNE 30, 2005

DESCRIPTION Cash on Hand Cash at Bank Trade Debtors Provision For Doubtful Trade Debtors Other Trade Debtors Provision For Doubtful Other Trade Debtors

Prepayments MTSC Contra Account Staff Debtors Sundary Debtors Purchase and Trip Advance Purchase Advance On Petty Cash Finished Goods. Work In Process Direct Materials Imported Packing Materials Imported Spare Parts Imported Stock Obsolescence Other Direct Materials Imported Stock Obsolecence Stationary Materials Goods In Transit Provision For Goods In Transit Fixed Assets Accumulated Deprecations Fixed Assets Construction In Progress Fixed Assets In Transit Trade Creditors Sundary Creditors Custmors Advance Payment Accrued Liabilities Tax Payables Financial Obiligations Short Term Loans Long Term Loans State Capital General Reserve Cash Sales Main Products Credit Sales Main Production Sales Return Other Income Direct Materials Consumed MFG. Direct Materials Consumed Structural Indirect Materials Consumed CSC. Indirect Materials Consumed Structurals Direct Labour CSC. "

"

OME & SECCO

"

"

EGA & PRESS

"

"

CONSTRUCTION

Factory Overhead Cost Of Goods Sold Fittings,Beam,G/Mill Parts "

"

" Various Finished Products

Selling and Distribution Expense -Head Office Selling and Distribution Expense-Awassa Branch Selling and Distribution Expense-Teklehaymanot

General Administration Expense

TOTA TO TAL L BALA BALANC NCE E NET INCOME (LOSS) GRAND TO T OTAL

ACCT NO.

1101 1104 1401 1401-01 1403 1403-01 1404 1404-04 1405 1406 1409 1409-01 150 1501 1502 151 1513 1514 1515 1515-00 1516 1516-00 1517 160 1601 1601-00 170 1700 1700-00 1801 1802 2101 2102 2104 2107 2201 2301 2401 2611 3101 3201 4101 4102 4103 4104 510 5101 5102 5201 5202 5301 5302 5303 5304 6101 7102 7105 8101 8101-01 8101-02 8102

TRIAL BALANCE DEBIT CREDIT

INCOME STATEMENT DEBIT CREDIT

BALANCE SHEET DEBIT CREDIT

722738.08

722738.08

11216315.61

11216315.61

2288518.63

2288518.63

1041682.72

1041682.72

599556.56

599556.56

599556.56

599556.56

985078.71

985078.71

169042.15

169042.15

144203.21 1248.20 87415.92 1522.97 10835418.35 361863.71 24532659.15 64718.12 5750703.75

144203.21 1248.20 87415.92 1522.97 108 10835418. 18.35 361863.71 245 24532659. 59.15 64718.12 5750703.75

2218969.43

2218969.43

2363371.08

2363371.08

148956.11

148956.11

182880.57 21811241.46

182880.57 218 21811241. 41.46

2505618.75

2505618.75

32285858.97

322 32285858. 58.97

25327158.31

25327158.31

37048.84 433796.37

37048.84 433796.37

796916.28

0.00

22901.92 3680164.78 2324505.36 1406789.25 392961.14

22901.92 3680164.78 2324505.36 1406789.25 392961.14 51332.91 5903705.09 17865303.32 9677918.83 2861986.08 73075090.70 5076699.04

745583.37 5903705.09 17865303.32 9677918.83 2861986.08 73075090.70 5076699.04 185252.71

185252.71 111979.74

111979.74

42096532.22 420 42096532. 32.22 1584486.22 1584486.22 1592593.61 1592593.61 166519.50 166519.50 230778.73 230778.73 363892.94 363892.94 252592.01 252592.01 983226.60 983226.60 3802288.54 3802288.54 526978.45 526978.45 390392.37 390392.37 1552222.07 1552222.07 80238.05 80238.05 253701.25 253701.25 7330183.60 7330183.60 1656 165678 7863 637. 7.80 80 1656 165678 7863 637. 7.80 80 6139 613918 1878 78.8 .87 7 7826 782637 3769 69.4 .48 8 1042 104235 3542 426. 6.02 02 8736 873635 3535 35.4 .41 1 16871890.61 16871890.61 165678637.80 165678637.80 78263769.48 78263769.48 104235426.02 104235426.02

KALITI METAL PRODUCTS FACTORY TRIAL BALANCE AS AT JUNE 30 2005 DESCRIPTION

Cash on Hand Petty Cash Fund Payroll Fund Cash at Bank Trade Debtors Provision For Doubtful Trade Debtors Other Trade Debtors Provision For Doubtful Other Trade Debtors Prepayments MTSC Contra Account Staff Debtors Sundary Debtors Provision For Doubtful Sundary Debtors Withholding Tax Purchase and Trip Advance Purchase Advance On Petty Cash Finished Goods Manuf. & Construc.Prod. Work In Process Direct Materials Imported Packing Materials Imported Spare Parts Imported Stock Obsolescence Other Direct Materials Imported Stock Obsolecence Stationary Materials Goods In Transit Provision For Goods In Transit Fixed Assets Accumulated Deprecations Fixed Assets Construction In Progress Fixed Assets In Transit Trade Creditors Sundary Creditors Custmors Advance Payment Accrued Liabilities Tax Payables

ACCT NO. 1101 1102 1103 1104 1401 1401-01 1403 1403-1 1404 1404-04 1405 1406 1406-06 1408 1409 1409-01 1501 1502 1513 1514 1515 1515-00 1516 1516-00 1517 1601 1601-00 1700 1700-00 1801 1802 2101 2102 2104 2107 2201

TRIAL BALANCE DEBIT CREDIT

1041632.66 599556.56 61323.08

211.54

3855.00 416936.72

484966.35 1994.10

12057.00 6637.37 119652.92

816.27 90587.09 16402.99 700353.28 110.08

KALITI METAL PRODUCTS FACTORY TRIAL BALANCE AS AT JUNE 30 2005 DESCRIPTION ACCT NO. Financial Obiligations 2301 Short Term Loans 2401 Long Term Loans 2611 State Capital 3101 General Reserve 3201 Cash Sales Main Products 4101 Credit Sales Main Production 4102 Sales Return 4103 Other Income 4104 Direct Materials Consumed MFG. 5101 Direct Materials Consumed Structural 5102 Indirect Materials Consumed CSC. 5201 Indirect Materials Consumed Structurals 5202 Direct Labour CSC. 5301 " " OME & SECCO 5302 " " EGA & PRESS 5303 " " CONSTRUCTION 5304 Factory Overhead 6101 Cost Of Goods Sold Fittings,Beam,G/Mill Parts 7102 " " " Various Finished Products 7105 Selling and Distribution Expense -Head Office 8101 Selling and Di Distribution Ex Expens ense-A e-Awassa Br Branc 8101-0 1-01 Sell elling and and Dist Distrribut ibutio ion n Expe Expens nsee-Te Tekl kleh ehay ayma mano no 8101 8101--02 General Administration Expense 8102 TOTAL BALANCE

TRIAL BALANCE DEBIT CREDIT 87700.00

534.00 91154.83

101197.00

109370.14 28981.00

394809.33 416902.83 487660.54

1806977.00 3541 541189.5 9.55

3541 541190.1 0.13


Cash on Hand Petty Cash Fund Payroll Fund Cash at Bank Trade Debtors Provision For Doubtful Trade Debtors Other Trade Debtors Prepayments MTSC Contra Account Staff Debtors Sundary Debtors Provision For Doubtful Sundary Debtors Purchase and Trip Advance Purchase Advance On Petty Cash Finished Goods Manuf. & Construc.Prod. Work In Process Direct Materials Imported Packing Materials Imported Spare Parts Imported Stock Obsolescence Other Direct Materials Imported Stock Obsolecence Stationary Materials Goods In Transit Provision For Goods In Transit Fixed Assets Accumulated Deprecations Fixed Assets Construction In Progress Fixed Assets In Transit Trade Creditors Sundary Creditors Custmors Advance Payment Accrued Liabilities Tax Payables Financial Obiligations Short Term Loans

ACCT NO. 1101 1102 1103 1104 1401 1401-01 1403 1404 1404-04 1405 1406 1406-06 1409 1409-01 1501 1502 1513 1514 1515 1515-00 1516 1516-00 1517 1601 1601-00 1700 1700-00 1801 1802 2101 2102 2104 2107 2201 2301 2401

TRIAL BALANCE DEBIT CREDIT 722738

11216316 2288519 50 599557 985079 169042 144203 1248 87416 1523 10835418 361864 24532659 64718 5750704 2218969 2363371 148956 182881 21811241 2505619 32285859 25327158 37049 433796 22902 3680165 2324505 1406789 392961 745583 5903705

KALITI METAL PRODUCTS FACTORY TRIAL BALANCE AS AT JUNE 30 2005 DESCRIPTION ACCT NO. Long Term Loans 2611 State Capital 3101 General Reserve 3201 Cash Sales Main Products 4101 Credit Sales Main Production 4102 Sales Return 4103 Other Income 4104 Direct Materials Consumed MFG. 5101 Direct Materials Consumed Structural 5102 Indirect Materials Consumed CSC. 5201 Indirect Materials Consumed Structurals 5202 Direct Labour CSC. 5301 " " OME & SECCO 5302 " " EGA & PRESS 5303 " " CONSTRUCTION 5304 Factory Overhead 6101 Cost Of Goods Sold Fi F ittings,Beam,G/Mill Parts 7102 " " " Various Finished Products 7105 Selling and Distribution Expense -Head Office 8101 Selling and Distribution Expense-Awassa Branc 8101-01 Selling and Distribution Expense-Teklehaymano 8101-02 General Administration Expense 8102 TOTAL BALANCE

TRIAL BALANCE DEBIT CREDIT 17865303 9677919 2861986 73075091 5076699 185253 111980 42096532 1584486 1592594 166520 230779 363893 252592 983227 3802289 526978 390392 1552222 80238 253701 7330184 165627305 163986116


Cash on Hand Petty Cash Fund Payroll Fund Cash at Bank Trade Debtors Provision For Doubtful Trade Debtors Other Trade Debtors Provision For Doubtful Other Trade Debtors Prepayments MTSC Contra Account Staff Debtors Sundary Debtors Provision For Doubtful Sundary Debtors Purchase and Trip Advance Purchase Advance On Petty Cash Finished Goods Manuf. & Construc.Prod. Work In Process Direct Materials Imported Packing Materials Imported Spare Parts Imported Stock Obsolescence Other Direct Materials Imported Stock Obsolecence Stationary Materials Goods In Transit Provision For Goods In Transit Fixed Assets Accumulated Deprecations Fixed Assets Construction In Progress Fixed Assets In Transit Trade Creditors Sundary Creditors Custmors Advance Payment Accrued Liabilities Tax Payables Financial Obiligations Short Term Loans Long Term Loans

ACCT NO. 1101 1102 1103 1104 1401 1401-01 1403 1403-1 1404 1404-04 1405 1406 1406-06 1409 1409-01 1501 1502 1513 1514 1515 1515-00 1516 1516-00 1517 1601 1601-00 1700 1700-00 1801 1802 2101 2102 2104 2107 2201 2301 2401 2611

TRIAL BALANCE DEBIT CREDIT 722738

11216316 2288519 50 599557 985079 169042 144203 1248 87416 1523 10835418 361864 24532659 64718 5750704 2218969 2363371 148956 182881 21811241 2505619 32285859 25327158 37049 433796 22902 3680165 2324505 1406789 392961 745583 5903705 17865303


ACCT NO. State Capital 3101 General Reserve 3201 Cash Sales Main Products 4101 Credit Sales Main Production 4102 Sales Return 4103 Other Income 4104 Direct Materials Consumed MFG. 5101 Direct Materials Consumed Structural 5102 Indirect Materials Consumed CSC. 5201 Indirect Materials Consumed Structurals 5202 Direct Labour CSC. 5301 " " OME & SECCO 5302 " " EGA & PRESS 5303 " " CONSTRUCTION 5304 Factory Overhead 6101 Cost Of Goods Sold Fi F ittings,Beam,G/Mill Parts 7102 " " " Various Finished Products 7105 Selling and Distribution Expense -Head Office 8101 Selling and Distribution Expense-Awassa Branc 8101-01 Selling and Distribution Expense-Teklehaymano 8101-02 General Administration Expense 8102 TOTAL BALANCE

TRIAL BALANCE DEBIT CREDIT 9677919 2861986 73075091 5076699 185253 111980 42096532 1584486 1592594 166520 230779 363893 252592 983227 3802289 526978 390392 1552222 80238 253701 7330184 165627305 163986116

KALITI METAL PRODUCTS FACTORY PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED JUNE 30 2005

NOTES

JUNE 30 2005

JUNE 30. 2004

REVENUE

Sales (Net) Cost of Goods Sold Gross Operating Profit

16 17

77966537 51990282 25976255

48073704 34355311 13718393

Other Income

18

111980

217879

19 20 21

1509485 3479912 2175066 7391 26625 1641189 376676 9216345

1262443 3355074 2151041 9000 49621 140802 6967981

16871890 5666927 11204964 560248 10644716

6968291 2102488 4865803 243290 4622513

10644716

4622513

EXPENSES

Selling & Distribution Administration Expense Bank Loan Interest Audit Fee Boardmen Allowance Provision for For Bad Debt Provision for Stock Obsolecence Total Expense NET PROFIT BEFORE TAX PROVISION FOF TAXATION NET PROFIT AFTER TAX TRANSFERED TO LEGAL RESERVE

TRANSFERED TO STATE DIVIDENED RETAINED PROFIT

-

-

.2.

KALITI METAL PRODUCTS FACTORY BALANCE SHEET AS AT JUNE 30 2005

ASSETS EMPLOYED

NOTES

JUNE 30 2005

JUNE 30 2004

FIXED ASSETS (NET)

2

7429546

8372407

3 4 6 5

61029312 2297263 787823 64114397

52355305 2543351 159461 55058117

7 8 9 10 11

7827322 11281400 5903705 4870010 10696049 40578486

9924250 14581568 4252339 1235932 3633928 33628017

NET CURRENT ASSETS

23535911

21430100

NET TOTAL ASSETS

30965457

29802507

9677919 1536537 1885698 17865303 30965457

9677919 973587 1885698 17265303 29802507

CURRENT ASSETS

Stock and Goods in Transit Debtors and Prepayments With Holding Tax Receivable Cash and Bank Balances

CURRENT LIABILITES

Creditors and Accruals Bank Overdraft Short Term Loan Provision For Taxation State Dividend Payable

FINANCED BY

Paid up Capital Legal Reserve Retained Profit Long Term Loan

13 12 14 15

.1. KALITI METAL PRODUTS PRODUTS FACTORY FACTORY CASH FLOW STATEMENT FOR THE YEAR ENDED JUNE 30 2005 June 30 2005 Birr Cash Flow From Operating Activities Net Profit Before Tax

Adjustment for: Depreciation Interest

June 30 2004 Birr

16871890

69682

1638044 2175066

1966791 2151041

-8674007 246088 -2096928 36098 10196253

-15375725 399560 3205510 -1469459 -2153991

-1235932 -778980 8181341

-600995 -434526 -3189512

-854684

-560985

-854684

-560985

Short Term Loan Received Short Term Loan Repaid Interest Paid State Dividened Paid Net Cash Out Flow From Financing Activities

3242965 -1591599 -1575066 -3633928 3769029

4252339 -1551041 -1003777 -2052976

Net Increase (Decrease) in Cash & Cash Equivalent Cash and Cash Equivalent at the Begining of the Year

14422107

12369131

-10493578

-14422107

3928529

-2052976

787823

159461

Oper.Pr.Before Working Capital Change Decrease (Increase) in Stock

Decrease(Increase) in Debtors Increase (Decrease) in Creditors Prior Year Adjustments Cash Generated From Operation Net Cash Flow From Oper. Activities Profit Tax Paid

Withholding Tax Paid Net Cash Flow From Operation Activities Cash Flow from Investing Activities

Purchase of Fixed Asset Proceed From Disposal of Fixed Assets Net Cash Out Flow From Investing Activities Cash Flow From Financing Activities

Cash and Cash Equivalent at the End of the Year Components of Cash & Cash Equvalent

Cash in Hand and At Bank

Bank Overdraft

-11281400 10493578

-14581568 -14422107 .3.

KALITI METAL PRODUCTS FACTORY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED JUNE 30,2005

1. ACCOUNTING POLICIES

The principal accounting policies adopted by by the factory which are consistent with the polices applied in the preceding years are stated below. a)

Depreciation Fixed assets are stated at cost less accumulated depreciation.Depreciation is charged on

straight-line basis for building & roads at the following and for the rest it is charged on net book value on reducing balance basis as per the proclamation no- 286/20. %

Building and Roads Plant Machanery Motor Vehicles Hand Tools and Equipment Water Well Rail way line Specialised Equipments Computers,software products

5 20 20 20 20 20 20 25

b) Stocks are valued as follows:

I) Finished products and work work in process at production production cost on weighted weighted average basis. ll) Raw materials, spare parts, materials imported for resale and other other materials at moving moving average cost. lll) Supplies are directly expensed up on on purchase and later on recorded to stock account based on physical inventory taken at year end and valued at latest purchase price. C) Sales are stated net of value added tax and discount. d) Provision for doubtful debts and stock obsolecence are made for specific debtors and stock

balances as and when management considers it appropriate.

Account No.

June 30 2005 Birr

.4. June 30 2004 Birr

4. DEBTORS & PREPAYMENTS

Trade Debtors Prepayment & Deposit Staff Debtors Sundry Debtors Purchase Advance Inland Revenue Authority Other Debtors

1401 1404 1405 1406 1409 1408 1403

Less:- Provision For Doubtful Acct.Rec.

2288519 816037 144203 1248 88939 0 599557 3938502

1135156 252131 138782 8214 147804 261757 599557 2543401

1641239 2297263

50.00 2543351

722738

72208

65084 787823

87253 159461.00

40128 738852 778980 -778980 NIL

279308 654619 933927 -933927 NIL

2324505 22902 3680165 392961 1406789 7827322

3760347 17109 3928317 1069209 1149268 9924250

5.CASH & BANK BALANCE

Cash on Hand Petty Cash Cash at Bank

1101 1102 1104

6.WITHHOLDING TAX Withholding Tax-Foreign Purchase -Sales Sub Total Less Transferred to Provision for Profit Tax

7.CREDITORS & ACCRUALS

Advance Received From Customers Trade Creditors Sundry Creditors Tax Payables Accruals

2104 2101 2102 2201 2107

.6.

June 30 2005 B i rr

8. BANK OVERDRAFT

June 30 2004 Birr

11281400

14581568

The Bank overdraft facility obtained from Commercial Bank of Ethiopia Kaliti Branch on the security of the building and motor vechicles of the factory which has a maximum limit of Birr 25,000,000.

9. SHORT&MEDIUM TERM LOAN

Short & Medium Term Loan

5903705

4252339

1235932 -17936 5666927 -1235932 -778980 4870010

597810 -428845 2102488 -600995 -434526 1235932

3633928 51333 -3633928 10644716 10696049

806960 -791769 -1003777 4622514 3633928.00

973587 560248 2702 1536537

782327 243290 -52030.00 973587

9677919

9677919

1885698

2082514

1885698

-196816 1885698.00

10.PROVISION FOR TAXATION

Balance Brought Forward Less Prior Year Adjustment Add Profit Tax of the Year Less Profit Tax Paid During the Year Transferred From Withholding Tax

11.STATE DIVIDEND PAYABLE Opening Balance Brought forward

Less Prior Year Adjustement Less Payment During the Year Add Current Year Dividened Payable 12.LEGAL RESERVE

Balance Brought Forward Add Approration for the Year Prior Year Adjustment

13. STATE CAPITAL 14.RETAINED PROFIT Balance Brought Forward

Add Transferred From Profit of the Year Less Prior Year Adjustment

15. LONG TERM LOAN

DBE Loan Principal Accured Interest Capitalized

7500000 10365303 17865303

7500000.00 9765303.00 17265303

.7. 15.1 This long term loan was received by the factory through the former National Metal Works corporation from the Agricultural and Industrial Development Bank (Now Development Bank of Ethiopia) on the bases of promissory note issued by the Ministry of Finance in favour of the bank. The loan was received on 17 Mar ch 1988 for the construction of Grain Mill Factory and bear interest at the rate of 8% per annum. A formal loan agreement has not yet been signed with the bank and the date of commencement of the repayment of the loan and the repayment period has not yet been fixed. Interest accured on the the loan to date has been capitalized.

16. SALES

Structural Tubes and Angle Iron Black Galvanized and Black Flat Sheet Window and Door Profiles Ribbed Sheet EGA & "U" Channel Structural Unit and Window and Door Other Sales Imported Materials For Resales Less Sales Return and Discount

35865594 15039345 1700536 16157609 8440484 539940 408283 -185253 77966537

20774003 8656862 2414865 10221246 4748366 562537 695825

259484 43681018 1759113 1830490 1017844 1216004 757428 238161 100725 26450 93141 189717 108314 54505 51332394 361864 50970530

62891 27067242 519162 1683616 784107 1483945 588081 219131 85795 6560 22432 124139 102926 119203 32869230 259484 32609746

48073704

17.COST OF GOODS SOLD

Work In Process Begining Direct Raw Material Consumed Indirect Material Consumed Direct Labour Indirect Labour Depreciation Employees Benefit Electricity & Water Consumption Insurance Training Supplies Used Repair and Maintenance Fuel and Lubricant Others Less Work In Process Ending Cost of Goods Produced During The Year

Add:Cost of Finished Goods Inventory Beg. Less Cost of Finished Goods Inventory Ending Add Cost of Imported Mat.For Resale Begining Add Purchase of Imported Mat. For Resale Less Cost of Imported Mat.For Resale Ending COST OF GOODS SOLD

11328157 10835418 51463269 1554595 1335789 2363371 51990282

12651735 11328157 33933324 1818434 158147 1554595 34355311 .8.

18. OTHER INCOME

Insurance claim Sales of Bid Document Creditors Balance Written Off Others

30129 15300 59595

10331 0 100800

6956 111980

106748 217879

781662 200027 49222 44426 282078 6242 128400 1917 3497 12015 1509485

659008 142642 22125 30682 254765 5920.00 128400.00 1689.00 5695 11517 1262443

1618562 370798 72059 99359 71693 77577 71633 64897 271493 242593 10752 26855 422041

1518828 342852 67220 100344 44408 83414 53299 68287 225692 238408 18775 14617 482846

19.SELLING AND DISTRIBUTION EXPENSE

Salary and Wages Employees Benefit Stationary and Office Supplies Perdium and Travelling Expense Advertizing and Publicity Training Rent of Sales shop Electricity & Water Postage and Telephone Others

20. ADMINISTRATION ADMINISTRATION EXPENSE

Salaries and Wages Employees Benefit Postage, Telephone and Fax Stationary and Office Supplies Muniucipality Tax Insurance Bank Charge Traveling and Perdium Car Running Repair and Maintanance Cleaning and Sanitary Supplies Training Deperciation

Bad Debt Expense Others

59599 3479912

5158 90926 3355074

1021034 600000 554032 2175066

1109695 600000 441346 2151041

21. INTEREST

Interest on Bank Over Draft Interest on Long Term Bank Loan Interest on Short Term Bank Loan Total

.9.

KALITY METAL PRODUCTS FACTORY BANK RECONCILATION STATEMENT AS AT JUNE 30,2005 BANK :COMMERCAL BANK OF ETHIOPIA AKAKI BRANCH A/C NO C/A - 7 BALANCE PER BANK STATEMENT 47442.90 ADD: (DEPOSIT IN TRANSIT)

D/S

DATE

DESCRIPTION

GRAND TOTAL

AMOUNT

REMARK

47442.90

.38.

KALITY METAL PRODUCTS FACTORY BANK RECONCILATION STATEMENT AS AT JUNE 30,2005 BANK :COMMERCIAL BANK OF ETHIOPIA KALITI BRANCH A/C NO C/A 29 BALANCE PER BANK STATEMENT -11836547.12 ADD: (DEPOSIT IN TRANSIT) D/S DATE DESCRIPTION AMOUNT 1988 23/06/05 DEPOSIT IN TRANSIT 82000.00 2013 29/06/05 " 62910.75 2014 " " 1092.27 2015 " " 719.61 2016 " " 222028.05 2017 " " 779.00 2018 " " 32946.73 2020 " " 3043.74 2021 " " 60000 2022 " " 18414.48 2037 " " 37746.45 2043 " " 39389.09 2044 30/06/05 " 33438.96 2045 " " 22414.79 231888.96 SUB TOTAL 848812.88 GRAND TOTAL -10987734.24

REMARK

.39. LESS OUTSTANDING CHECK DATE CPV Checque No DESCRIPTION 9/5/2005 20540 EG53155891 PURCHASE OF UNIFORM 24/05/05 20595 EG5315955 " " " 1/6/2005 20638 PAYABLE TO LABOUR UNIOUN 6/6/2005 20652 EG5318518 PAID TO WITHHOLDING TAX 8/6/2005 20664 EG5318529 REFUND OF REMAINING BALANCE 13/06/05 20680 EG5318544 PAYAMENT O REMAINING BALANCE 17/06/05 20703 EG5315867 PAID TO ADVERTISING 20/06/05 20709 EG5318571 ANNUAL LEAVE PAY 23/06/05 20716 EG5315878 PAYMENT TO SPONSERSHIP 23/06/05 20718 EG5318580 PURCHASE OF GUEST CHAIR 24/06/05 20726 EG5318588 PURCHASE OF EYE GOGLE 24/06/05 20727 EG5318589 MESSHALL DEDUCTION 24/06/05. 20728 EG5318590 EDIR DEDUCTION " 20729 EG5318591 PAYMENT TO TESFA LEGOJO " 20730 EG5318592 PAYMENT TO KOLFE HOUSEHOLD " 20731 EG5318593 PAID TO ADVERTISING " 20732 EG5318594 PURCHASE ADVANCE " 20734 EG5318596 PAYMENT TO PRINTING " 20735 EG5318597 PURCHASE OF CLEANING MATERIALS " 20736 EG5318598 PURCHASE OF SPRING WIRE " 20737 EG5318599 PURCHASE OF WIPER SPRING " 20738 EG5318600 PURCHASE ADVANCE " 20742 EG5318603 REPAIR CHARGE " 20744 EG5318605 OCEAN FREIGHT CHARGE 27/06/05 20745 EG5318606 SCHOOL FEE " 20748 EG5318609 REFUND OF REMAINING BALANCE " 20749 EG5318610 PERSONAL INCOME TAX " 20751 EG5318611 PAID TO WITHHOLDING TAX 27/06/05 20752 EG5318612 SCHOOL FEE 30/06/05 20753 EG5318613 PENSION CONTRIBUTION " 20754 EG5318614 PERSONAL INCOME TAX " 20755 EG5318615 PAYMENT OF WITHHOLDING TAX " 20756 EG5318616 " '' " 20757 EG5318617 OCEAN FREIGHT CHARGE " 20758 EG5318618 DAILY WORKERS WAGE " 20759 EG5318619 SCHOOL FEE " 591 PAYMENT TO OROMIA MEHABER " 592 PAYABLE TO LABOUR UNIOUN " 593 PAYMENT TO CREDIT ASSOCIATION " SUB TOTAL GRAND TOTAL

AMOUNT REMARK 540.00 NOT YET CASHED 5520 " 1938.42 " 504.50 " 1230.08 " 2500.00 " 1085.61 " 10000 " 2592 " 540 " 1926.40 " 1330 " 1495.33 " 1250.00 " 3334.00 " 6863.6 " 845.85 " 11602.84 " 12275.19 " 600.00 " 852.61 " 560 " 3951.36 " 37728.86 " 1150 " 1110.46 " 6995.44 " 7548.63 " 1240 " 35422.22 " 50276.39 " 518.36 " 292.03 " 5000.00 " 1098.73 " 880.00 " 39.00 " 1284.26 " 69743.65 " " 293665.82 -11281400.06

.40.

KALITY METAL PRODUCTS FACTORY BANK RECONCILATION STATEMENT AS AT JUNE 30,2005 BANK :COMMERCIAL BANK OF ETHIOPIA AWASSA BRANCH A/C NO C/A 1266 BALANCE PER BANK STATEMENT 15641.55 ADD: (DEPOSITS IN TRANSIT) D/S DATE DESCRIPTION AMOUNT

SUB TOTAL GRAND TOTAL

REMARK

15641.55

.41.

KALITY METAL PRODUCTS FACTORY BANK RECONCILATION STATEMENT AS AT JUNE 30,2005 BANK :COMMERCAL BANK OF ETHIOPIA T/ HAIMANOT BRANCH A/C NO 3409 BALANCE PER BANK STATEMENT 1000 ADD: (DEPOSIT IN TRANSIT) D/S DATE DESCRIPTION AMOUNT REMARK

GRAND TOTAL

1000

.42.

KALITY METAL PRODUCTS FACTORY BANK RECONCILATION STATEMENT AS AT JUNE 30,2005 BANK: COMMERCIAL BANK OF ETHIOPIA WEGAGEN BRANCH. BALANCE PER BANK STATEMENT ADD: (DEPOSIT IN TRANSIT) D/S DATE DESCRIPTION AMOUNT

GRAND TOTAL

1000 REMARK

1000

.43.

2 FIXED ASSETS

Balance

Additions

June 30,2004 Birr

Transfer /

Balance

Disposal

June 30,2005

Birr

Birr

COST

Buildings Computers and Softwares Other Business Assets Fixed Asset In Transit Construction in Progress

3193094

264737

3457831

506438

49129

555567

28105060

326901

2190

431605

254738 32061521

47048 854684

2509020

94150

2603170

269412.00

71539

340951

20910682 23689114

1472356 1638044

22383038 25327158

-159500

28272462 433795

-264737 -159500

37049 32756705

DEPRECIATION

Buildings Computers and Softwares Other Business Assets

NET BOOK VALUE

8372407

Acc't No

7429546 Balance

Balance

June 30 2005

June 30 2004

Birr

Birr

3.STOCKS

Finished Goods Work in Process Raw Materials Spare Parts Materials Imported for Resale Other Materials

1501

10835418.35

11328157

1502

361863.71

259484

1513

24532659.15

24977377

1515

5750703.75

3956124

1516

2363371.08

1554595

247598.69 44091614.73 2367925.54

158696 42234433 1991249

21811241.46 63534930.65 2505618.75 61029311.90

14617740 54860924 2505619 52355305

Less Provision For Stock Obsolesence

Add Goods In Transit Sub Total Less Provision for Goods Lost At Asseb

1601

.5.

KALITI METAL PRODUCTS FACTORY POST CLOSING TRIAL BALANCE AS AT JUNE 30 2005 DESCRIPTION

Cash on Hand Cash At Bank Trade Debtors Provision For Doubtful Trade Debtors Other Trade Debtors Provision For Other Trade DebtorsDoubtful Prepayments MTSC Contra Account Staff Debtors Sundary Debtors Purchase And Trip Advance Purchase Advance Petty Cash Finished Goods Manuf. & Const Product. Work In Process Direct Materials Imported Packing Materials Imported Spare Parts Imported Stock Obsolescence Other Direct Materials Imported Stock Obsolecence Stationary & Other Materials Goods In Transit Provision For Goods In Transit Fixed Assets Accumulated Deprecations Fixed Assets Construction In Progress Fixed Assets In Transit Trade Creditors Sundary Creditors Custmers Advance Payment Accrued Liabilities Tax Payables Financial Obiligations Short Term Loan Long Term Loans State Capital Retained Profit TOTAL

ACCT NO. 1101 1104 1401 1401-01 1403 1403-01 1404 1404-04 1405 1406 1409 1409-01 1501 1502 1513 1514 1515 1515-00 1516 1516-00 1517 1601 1601-00 1700 1700-00 1801 1802 2101 2102 2104 2107 2201 2301 2401 2611 3101 3201

TRIAL BALANCE DEBIT CREDIT 722738 11216316 2288519 1041683 599557 599557 985079 169042 144203 1248 87416 1523 10835418 361864 24532659 64718 5750704 2218970 2363371 148956 182881 21811241 2505619 32285859 25327158 37049 433796 22902 3680165 2324505 1406789 392961 15566059 5903705 17865303 9677919 3422234 103489843 103489843

.12.

KALITI METAL PRODUCTS FACTORY PURCHASE SCHEDULE FOR THE YEAR ENDEED JUNE 30,2005 ORDERED QTY

DESCRIPTIONS

L/C NO.

NO COILS

NET WEIGHT

RECEIVED IN PRIVOUS YEAR

NO COILS

NET WEIGHT

RECEIVED DURING THE YEAR

NO COILS

NET WEIGHT

EXPECTED IN THE COMING YEAR

VALUE

BLACK COILS BLACK COILS

KAL/023/022/2004

BLACK COILS

KAL/023/055/2004

BLACK COILS

KAL/023/073/2004

TOTAL

1200MT 1200MT 1440MT

169

1134870

7441611.87

171

1165000

8199999.57

267

1418847

9358105.31

3840MT

607

3718717

24999716.75

300MT 480MT 360MT 360MT 360MT 300MT

41

304400

2702312.64

78

470575

3396681.59

64

355175

2949811.03

60

358605

3351526.75

64

357650

3137542.62

48

297035

2753806.20

2160MT

355

2143440

18291680.83

GALVANIZED COILS GALVANIZED COILS

KAL/023/022/2004

GALVANIZED COILS

KAL/023/055/2004

GALVANIZED COILS

KAL/023/078/2004

GALVANIZED COILS

KAL/023/087/2004

GALVANIZED COILS

KAL/023/094/2004

GALVANIZED COILS

KAL/023/0100/2004

TOTAL SPAREPARTS & FITTINGS VARIOUS TYPES OF BEARING

KAL/023/044/2004

482

1063033.63

VARIOUS TYPES OF BEARING

KAL/023/046/2004

1672

2018075.89

VARIOUS TYPES OF BEARING

KAL/023/060/2004

141

130302.90

FITTINGS

KAL/023/069/2004

943000

184290.00

TYRISTRER

KAL/023/016/2004

6

13891.38

VARIOUS VARIOUS TYPES TYPES OF BALL BALL BEARI BEARING NG

KAL/02 KAL/023/0 3/076/ 76/200 2004 4

627

170583.82

VARIOUS TYPES OF BELT

KAL/023/018/2004

66

9730.27

CERAMIC METAL TRIODE

KAL/023/022/2004

1

185767.11

CIRCULAR HIGH SPEED

KAL/023/035/2004

50

40648.00

CERAMIC METAL TRIODE

KAL/023/003/2004

1

121904.25

TOTAL

946046

3938227.25

FIXED ASSETS MINIBUS 12 SEAT

TOTAL

KAL/023/054/2004

1

283544.24

NOCOILS

NET WEIGHT

VALUE

UNIT COST

6.56 7.04 6.6 6.72267256422

8.88 7.22 8.31 9.35 8.772662156 9.27 8.53379652801

.35.

KALITI METAL PRODUCTS FACTORY PURCHASE OF FITTINGS JUNE 30,2005 Item

DESCRIPTIONS

No.

FITTING AND SPARET GRM

QUANTITY Pcs

VALUE

NO

Date

Kg

LOCAL PURCHASE 1 Ventilation Lock

002901

22/7/2004

1000

9000.00

2 Window Handle 3 Galvanized Hooks and Washer 4 Secco Fitting

" 002902 002905

" 26/7/2004 28/7/2004

412 200000 1000

24896.00 110000.00 17310.00

5 Normal Hinge 110X55 6 Door Lock "ZANI" Italy 7 Hexagonal Bolt 14X70 8 Hexagonal Bolt 14X80 9 Hexagonal Bolt 16X80 10 Hexagonal Bolt 16X100 11 Normal Hinge 140X160 12 Fitting 13 Fitting 14 Galvanized Bolt with Nuts (8X16)

002912 " " " " " " 002924 " 002934

4/8/2004 " " " " " " 18/8/2004 " 24/08/2004

200 30 100 100 200 200 200 200 200 10000

468.00 2135.10 477.00 527.00 1194.00 1332.00 468.00 1731.00 1731.00 2951.90

15 Allen Bolt 16X90 16 Allen Bolt 16X120 17 Hi Hight Latch for Bottom Hinge with Plate 18 Le Left Hand Galvanized Butt Hinge Hunkle 19 Right Hand Galvanized butt Hinge Hunkle 20 Normal Hinges 110X55x1.5 21 Normal hinge 140X60X2.5 22 Galvanized Bolt with Nuts (8X16) 23 Window Handle 24 Hidden Locker 25 Allen Bolt 10X30 26 Allen Bolt 6X20 27 Allen Bolt 6X30 28 Allen Bolt 8X20 29 Hexagonal Bolt 8X25 30 Hexagonal Bolt 10X30 31 Hexagonal Bolt 14X50 32 Hexagonal Bolt 18X50 33 Hexagonal Bolt 20X40 34 Hexagonal Bolt 20X90 35 L- Iron 28X 1.2 36 Diformed Bar 37 Diformed Bar 38 Diformed Bar 39 Diformed Bar 40 Diformed Bar 41 Diformed Bar SUB TOTAL

002973 " 002998 003007

5/10/2005 " 14/10/2004 18/10/2004

003013 003031 003035 002906 003126 003263 " " " " " " " " " 002077 002094 002135 002136 " " "

21/10/2004 1/11/2004 4/11/2004 28/7/2004 17/1/2005 8/6/205 " " " " " " " " " 16/8/2005 11/11/2004 28/11/2004 28/1/2005 " " "

100 150 2500 2500 2500 350 600 20000 88 200 30 50 30 50 30 20 30 20 20 30 130 20 15 35 100 10 5 243455

1900.00 3170.17 20475.00 42475.00 42475.00 654.50 1836.00 6832.20 5104.00 2138.00 48.60 26.00 19.80 48.00 12.60 16.60 74.40 85.00 101.00 270.00 11589.50 4579.96 1846.80 4309.20 19331.80 655.60 154.25 344449.98

594.80 665 2965 110 25 4359.80

KALITI METAL PRODUCTS FACTORY PURCHASE OF FITTINGS JUNE 30,2005 Item

DESCRIPTIONS

No.


NO

Date

QUANTITY Pcs

VALUE

Kg

.36. IMPORTED PURCHASE L\C KAL 23/69/2004

42 Galvanized Bolt with Nuts (8X16) 43 Asphalt Washer Ø 6 44 Galvanized Nuts Ø 6 45 Round Bar 400 M/M 46 Round Bar 300 M/M 47 Round Bar 130 M/M 48 Round Bar 150 M/M 49 Round Steel Bar 280 M/M 50 Round Steel Bar 190 M/M

003030 " 003033 002104 " " " " "

1/11/2004 " 3/11/2004 4/1/2005 " " " " "

500000 323000 120000 2 3 1 1 2 1

165000.00 9690.00 9600.00 249035.02 273938.52 11759.06 13236.11 116405.64 49212.16

51 Round Steel Bar 150 M/M 52 Round Steel Bar 90 M/M

" "

" "

2 2

60447.10 22672.70

53 Round Steel Bar 60 M/M SUB TOTAL GRAND TOTAL

"

"

2 943016 1186471

10342.68 991338.99 1335788.97

4359.80

KALITI METAL PRODUCTS FACTORY PURCHASE OF FITTINGS JUNE 30,2005 Item No.

DESCRIPTIONS


NO

Date

QUANTITY Pcs

VALUE

Kg

.37.

KALITY METAL PRODUCTS FACTORY DEPARTMENT PROFITABILITY ANALYSIS JUNE 30,2005 ITEM NO. PRODUCTION DEPARTMENTS

1 C.S.C 2 OME & SECCO 3 EGA & PRESS 4 STRUCTURAL 5 IMPORTED SALES 6 OTHER INCOME 7 EX-GRAINMILL GRAND TOTAL

SALES QTY.IN TONS VALUE IN BIRR 1538 15039344.56 3815 37450864.34 1819 16178775.88 836 8980423.63 2177.55pcs 408283.45

8008

COST OF SALES 10028658.30 24973290.56 10788463.18 5988399.27 272254.90

77966537.03

OPERATING EXPENSE 1662048.69 4138821.33 1787971.09 992456.90 45120.78

PROFIT/LOSS BEFORE TAX 3348637.57 8338752.45 3602341.61 1999567.46 90907.77 111980.00 600000.00 -600000.00 9216344.97 16871890.47

51990281.59

DEPARTEMENT PROFITABILITY 10000000.00 )

TI F O R P

S S O C(

8000000.00 6000000.00 4000000.00 2000000.00 0.00 -2000000.00 1

2

3

4

COST CENTERS

5

6

7

RANK

3 1 2 4 6 5 7

PROFIT CONTRIBUTION 19% 49% 21% 12% 1% 1% -4% 100%

1-C.S.C 2-OME & SECCO 3-EGA & PRESS 4-STRUCTURAL 5-IMPORTED SALES 6-OTHER INCOME 7-EX-GRAIN MILL

KALITI METAL PRODUCTS FACTORY FINANCIAL RATIOS FOR THE YEAR ENDED JUNE 30 2005 BUDGET No

Performance Indicators

Measure

Plan 2005

Actual 2005

Actual 2004

Remark

CA/CL

1.80

1.58

1.64

Time

(CA-I)/CL

0.96

0.55

0.44

“

TD/TA

78.00

81.69

80.23

%

I) LIQUIDITY RATIOS

a) Current Ratio b) Quick Ratio II) LEVERAGE RATIOS a) Total Debt/Total Assets b) Long Term Debit/Net Assets c) Current Liabilities /Total Debt

LTD/NA

58.00

57.69

57.93

“

CL/TD

60.00

69.43

66.08

“

CA/TA

84.00

89.62

86.80

“

III) ASSET STRUCTURAL ANALYSIS a) Current Asset/Total Assets b) Fixed Assets/ Total Assets c) Stock Inventory/Current Assets d) Debtors Receivables/Current Assest

FA/TA

15.59

10.38

13.20

“

I/CA

47.00

65.08

73.09

“

DR/CA

6.00

3.58

4.62

“

(S-CGS)/S

30.00

33.32

28.54

“

IV) PROFITABILITY RATIOS a) Gross Margin b) Profit Margin c) Return on Total Assets (ROA) d) Profit/Capital V) PRODUCTIVITY

NIBT/S

8.00

21.64

14.50

“

NIBT/TA

5.06

23.58

10.99

“

NIBT/C

32.00

128.79

55.58

“

PQ/KG M.Hr

11.29

21.12

11.54

“

KALITY METAL PRODUCTS FACTORY INPUT-OUTPUT RELATIONSHIP ANALYSIS JUNE 30,2005 ITEM NO.

DESCRIPTIONS

1 PRODUCTION DURING THE YEAR,2005

PLAN 2005 JUNE 30,2005

3900000

JUNE 30,2004

7725063

5048922

-99734

-130092

3 ADD : FG COUNTED UNDER PROD. ENDING

45212

99734

4 ADD : WORK IN PROCESS ENDING

57238

167330

-323888

-210980

3900000

7403890

4974915

4050000

7691523

4853380

6920.00

324094

-46552.00

-6920

7651891

5170554

2 LESS: FG COUNTED UNDER PROD. BEGINNING

5 LESS: FG PRODUCED BY CONSTRUCTION 6

ACTUAL PRODUCTION QUANTITIES

7 RA RAW MATERIAL CONSUMPTION DURING THE YEAR 2005 8 RAW MATERIAL COUNTED UNDER PROD. BEGINNING 9 RA RAW MATERIAL COUNTED UNDER PRODUCTION ENDING 10

ACTUAL CONSUMPTION QUANTITIES

4050000

CTUAL PRODUCTION QUANTITY=ACTUAL CONSUMPTION QUANTIT

12 ACTUAL CONSUMPTION QUANTITIES

4050000

7651891

4974915

13 LESS: ACTUAL PRODUCTION QUANTITIES

-3900000

-7403890

-5235098

150000

248001

-260183

4%

3%

5%

14 WASTAGE (SCRAP) 15 PERCENTAGE

KALITI METAL PRODUCTS FACTORY Raw Materials,Finished Products & WIP Report 2005 PARTICULARS

KG

2004 VALUE

KG

VALUE

5215259.00 1777035.00 6992294.00

30509265.15 13505466.00 44014731.15

3229709.00 1782583.00 5012292.00

14469096.32 11889828.61 26358924.93

Raw Material Counted Under Production

46552.00

299177.70

6920.00

31001.60

Finished Product Counted Under Production

45211.78

340991.41

99734.16

600711.00

57237.99 7141295.77

361863.71 45016763.97

167330.12 5286276.28

259483.54 27250121.07

Raw Material Consumed During the Year -Black ''

''

''

''

- Galvanized

Sub Total

Finished Products-Work in Process GRAND TOTAL

FINISHED GOODS PRODUCTION FINISHED GOODS ENDING BALANCE FINISHED GOODS PRODUCTION-UNDER CONSTRUCTION

7725062.63

5048922.39 10418481.63

11328157.00

323888

N0. of Production Workers Including Technical Workers 163 N0. of Hours to be Worked in a Month= 187 TOTAL ANNUAL MAN HOUR (163X187)X (163X187)X12= 12= 365772 PRODUCTIVITY YIELD/HR = YIELD/HR =

Production Quantity Total hrs. Worked in a Year

7725063 365772

21.12

Revised Kaliti Metal Products Draft Acct 2005

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