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Examples:- INNOVATIVE SOLUTIONS INTERNATIONAL PTY LTD PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 30 JUNE 2009 2009 2008 $ $ INCOME CONSULTING FEES GROSS 0.00 323,255.52 RENTS RECEIVED 0.00 7,100.00 LESS G S T 0.00 -30,030.00 TOTAL INCOME 0.00 300,325.52 EXPENSES ADVERTISING & PROMOTION 545.64 132.13 BANK CHARGES 1,793.13 1,450.67 COMPUTER REPAIRS 805.41 2,790.52 COMPUTER MATERIALS 0.00 720.00 CONSUMABLE MATERIALS 102,722.26 369,945.34 DEPRECIATION 881.70 14,045.99 ELECTRICITY,GAS & WATER 3,329.11 4,253.54 HIRE OF EQUIPMENT 0.00 3,034.50 INSURANCE 3,282.73 2,000.33 LEASING 11,588.48 22,841.95 LICENCE FEES 205.00 1,750.00 RATES - COUNCILS 419.18 3,961.69 TELEPHONE 3,133.55 4,276.23 RENT 1,236.36 0.00 OFFICE - PRINTING & STATIONERY 666.13 1,871.33 PROFESSIONAL FEES 3,304.55 0.00 M/V - REGISTRATION & INSURANCE 6,176.99 8,749.85 REPAIRS & MAINTENANCE 363.64 0.00 WASTE DISPOSAL 0.00 11,700.00 LESS G S T RECOVERED 0.00 -39,922.00 TOTAL EXPENSES 140,453.86 413,602.07 OPERATING PROFIT/LOSS FOR YEAR -140,453.86 -113,276.55 ACCUMULATED LOSSES B/FWD -386,654.33 -273,377.78 ACCUMULATED LOSSES C/FWD -527,108.19 -386,654.33 ################## INNOVATIVE SOLUTIONS INTERNATIONAL PTY LTD BALANCE SHEET AS 30 JUNE 2009 2009 2008 $ $ AUTHORISED CAPITAL 1,000,000 SHARES OF $1 EACH 1,000,000.00 1,000,000.00 SHARE CAPITAL AND RESERVES 10 ORDINARY SHARES OF $1 EACH FULLY PAID 10.00 10.00 ACCUMULATED LOSSES -527,108.19 -386,654.33 DEFICIENCY OF FUNDS -527,098.19 -386,644.33 FIXED ASSETS OFFICE EQUIPMENT AT COST 10,385.80 10,385.80 LESS: ACCUMULATED DEPRN -10,385.80 -9,504.10 OFFICE FURNITURE AT COST 3,323.61 3,323.61 LESS: ACCUMULATED DEPRN -3,323.61 -3,323.61 VEHICLES & TRAILER AT COST 54,865.00 54,865.00 LESS: ACCUMULATED DEPRN -54,865.00 -54,865.00 TOTAL FIXED ASSETS 0.00 881.70 INVESTMENTS OPTION FEE 5,500.00 5,500.00 REGENT STREET INVESTMENT 23,500.00 23,500.00 TOTAL INVESTMENTS 29,000.00 29,000.00 CURRENT ASSETS CASH AT BANK - C B A 384.27 0.00 SUNDRY DEBTOR 218.00 0.00 TOTAL CURRENT ASSETS 602.27 0.00 TOTAL ASSETS 29,602.27 29,881.70 LIABILITIES CASH AT BANK - C B A 0.00 19,708.23 SUNDRY CREDITOR 0.00 3,242.00 LOAN A/C - LARKINGS A J 539,481.94 376,357.28 LOAN A/C - PIPER R 17,218.52 17,218.52 TOTAL LIABILITIES 556,700.46 416,526.03 ################## DEFICIENCY OF FUNDS -527,098.19 -386,644.33 |
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