1. CURRENT LIABILITIES VISION ELECTRONICS20042005 Provision for Tax4050 Deposits from Directors25 Outstanding expenses88 Dividend payable810 Gratuity fund4550 Trade creditors4030 T/Loan repay in 1 year50 Bank loan repay in 1 year40 Bank ( cash credit)300350 TOTAL556613

2. Current Assets VISION ELECTRONICS20042005 Cash & bank105148 Sundry Debtors( less B/Debt)280320 Advance to suppliers85100 Advance Tax4550 Investment in Govt. securities50 Stores4750 Stock310365 Raw Material135160 Semi-finished goods106138 TOTAL11631381

3. TERM LIABILITY VISION ELECTRONICS20042005 Debentures350 Term Loans300250 Bank Loans200160 TOTAL850760

4. CAPITAL & RESERVES VISION ELECTRONICS20042005 Paid up Capital9001000 Reserves150250 Premium on shares20 Reserve for bad debts1025 Profit125153 TOTAL12051448

5. Non-current assets Vision electronics20042005 Investment not marketable20 Investment in subsidiaries50 EB Deposits20 TOTAL90

6. FIXED ASSETS VISION ELECTRONICS20042005 Motor Cars6050 Land & Building400350 Plant & Machinery800850 Furniture & Fixture4550 TOTAL13051300

7. INTANGIBLE ASSETS VISION ELECTRONICS20042005 Amount receivable from directors 2010 Prel. Expenses1310 Bad debts2030 TOTAL5350

8. VISION ELECTRONICS RECONCILIATION OF PROFIT:- VISION ELECTRONICS20042005 SALES54506200 ADD: CLOSING STOCK598698 LESS: OPENING STOCK498598 SALES VALUE OF PRODN55506300 LESS PRODN EXPS RM/DL/POWER/CONSUMABLES/REPAIRS/M FG EXPS. 45055190 10451110 LESS:INTEREST PAID/ADMN.EXPS./SELLINGEXPS. 609660 OPERATING PROFIT436450 ADD: INT. RECEIVED910 GROSS PROFIT445460

9. VISION ELECTRONICS Reconciliation of profits 20042005 Gross profit445460 Add: profit b/forward11*125 Total456585 Less: Depreciation 200150 Taxation123157 Other allocation--115** Dividends810 Profit shown in Balance Sheet125153 *refer footnote in Balance sheet **Increase in reserves in the balance sheet in 2005