As of 31 March 2011
| STATEMENT OF INCOME & EXPENDITURE | Note | 2011 (S$) |
2010 (S$) |
Revenue |
4 |
1,458,646 |
1,048,525 |
|
|
|
|
Other gain - exchange gain |
- |
24,518 |
|
- rental income |
242,415 |
171,590 |
|
- miscellaneouse income |
27,812 |
15,125 |
|
Employee benefits |
5 |
(162,298) |
(279,059) |
|
|
|
|
Depreciation |
(74,421) |
(94,521) |
|
|
|
|
|
Rental expense - Operating Lease |
(14,965) |
(14,965) |
|
|
|
|
|
Production Costs |
6 |
(1,131,071) |
(800,241) |
|
|
|
|
Other expenses |
(267,108) |
(260,937) |
|
|
|
|
|
Total expenses |
(1,649,863) |
(1,449,723) |
|
|
|
|
|
Surplus/(Deficit) before tax |
79,010 |
(189,965) |
|
|
|
|
|
Income tax expenses |
7 |
- |
- |
|
|
|
|
Net surplus/(deficit)for the financial year |
79,010 |
(189,965) |
|
|
|
|
|
| STATEMENT OF FINANCIAL POSITION | Note | 2011 (S$) |
2010 (S$) |
ASSETS |
|
||
Current assets |
|
||
Trade and other receivables |
8 |
95,967 |
23,995 |
Amount due from a financial instituition |
9 |
1,009,840 |
- |
Cash and cash equivalants |
10 |
148,109 |
456,048 |
|
1,253,916 |
480,043 |
|
|
|
|
|
Non-current assets |
|||
Plant and equipment |
11 |
82,721 |
127,002 |
|
|
|
|
TOTAL ASSETS |
1,336,637 |
607,045 |
|
|
|
|
|
LIABILITIES |
|
|
|
Current Liabilities |
|
|
|
Trade and other payables |
12 |
549,702 |
589,819 |
Amount due to a director |
13 |
152,345 |
114,775 |
TOTAL LIABILITIES |
702,047 |
704,594 |
|
|
|
|
|
Net Liabilities |
634,590 |
(97,549) |
|
Represented by: |
|
|
|
General Fund |
(716,609) |
(795,619) |
|
Sinking Fund |
14 |
- |
- |
Special Fund |
15 |
1,351,199 |
698,070 |
|
634,590 |
(97,549) |
|