<strong>Punjab</strong> <strong>Education</strong> <strong>Foundation</strong> 39
<strong>Punjab</strong> <strong>Education</strong> <strong>Foundation</strong> <strong>Punjab</strong> <strong>Education</strong> <strong>Foundation</strong> Balance Sheet As at 30 June <strong>2012</strong> Non current assets <strong>2012</strong> 2011 Note Rupees Rupees Restated Property and equipment 8 51,205,814 30,964,224 Advance for purchase of lands 9 4,114,163 4,042,500 Long term loans 10 7,235,985 12,783,622 Long term Security Deposits 11 1,342,500 1,332,500 63,898,462 49,122,846 Current assets Current portion of long term loans 10 1,969,684 5,227,078 Profit Accrued on Short term Investments 12 81,894,810 20,909,222 Short term investments 13 2,063,100,000 4,711,100,000 Stock of Text Books 14 71,775,653 - Advances, deposits, prepayments and other receivables 15 19,175,380 16,234,606 Cash and bank balances 16 2,134,075,205 1,473,358,436 4,371,990,732 6,226,829,342 Less: Current liabilities Accrued and other liabilities 17 388,055,689 44,557,946 Net current assets 3,983,935,043 6,182,271,396 Less: Non-current liabilities Long term loan 18 23,222,208 31,719,417 Deferred credits 19 1,280,490,473 4,019,868,838 Deferred liabilities 20 49,403,347 37,500,776 Net assets 2,694,717,477 2,142,305,211 Contingencies and commitments 21 Represented by: 2,694,717,477 2,142,305,211 General Fund 22 200,000,000 200,000,000 Endowment Fund 23 2,452,412,266 - Accumulated Surplus 42,305,211 1,942,305,211 The attached notes 1 to 34 form an integral part of these financial statements. 2,694,717,477 2,142,305,211 Ambreen Raza Salman Anwar Malik Lahore Managing Director Deputy Managing Director (Finance) 40