COMPANY REGISTRATION NUMBER: CHARITY REGISTRATION NUMBER: 1062741
RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST Company Limited by Guarantee Unaudited Financial Statements
31 March 2022
SALEEMI ASSOCIATES
Chartered accountants 792 Wickham Road Croydon CR0 8EA
RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | Error! |
| Bookmark | |
| not | |
| defined. |
RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Charity registration number 1062741 Company registration number Principal office and registered 10 UPPER TACHBROOK STREET office London SW1V 1SH
The trustees
V BAHL B A Rana
Independent examiner Saleemi Associates 792 Wickham Road Croydon CR0 8EA
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity operates as Charitable Incorporated Organisation.
The Trustees of the Charity operate in accordance with the governing document of the charity and are responsible for all matter pertaining to governance and executive functions at the charity. Trustees are not remunerated and do not claim expenses either.
When setting the objectives for the charity and planning the activities for the year, the Trustees have given careful consideration to the charity Commission's general guidance on public benefit. The Trustees are satisfied that the objectives and activities of the charity are appropriate, relevant and applicable to advancing the charity's stated goals.
Objectives
To carry out cataract operations in the Districts of Punjab twice a year by setting up the eye camp in the town called Sargodha in Punjab Pakistan free of charge for the last almost 25 years and continues the charity has been active each year since then.
Each year over 400 to 500 operations are carried out in the cam.
Follow up appointments are organised after the operations. The local doctors and the care staff are part of the team involved in the camp. The people from Sargodha are involved and participate during the camp by helping and supporting the patients. We also check the sugar levels of the clients as a routine and have diagnosed high and low Sugar levels present and they have been referred to their doctors for investigation.
It is a very popular camp and people from all over the north of Pakistan come for this operation.
The Health Minister of Pakistan has visited the camp previously and was impressed to see the organisation of the camp. The camp is well known in the area. With modern eye care to day the patients do no stay overnight now which makes it safer as it is day care.
The camp is supported by local care organisation by the local police and health organisations.
Since the campaign started two camps are conducted each year and has an attendance of 2000 people per camp. The treatment is free. The camp provides operations mainly for the elderly but younger people also come.
Risk Management
The normal risk Assessment procedures for establishing a smooth outcome are in place. The procedures are reviewed by the management and the medical staff. We have no serious incidents to report. The procedures are reviewed yearly by the management committee .
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
Achievements and performance
The trustees are satisfied by the outcome of the procedures and we wish to expand the clinic in future to look at the support for the elderly in the village.
FINANCIAL REVIEW
For the period under review, the total donation income amounted to £27,600.
Rana Niazan Hammed Begum Memorial Trust is also registered with HMRC as a Trust. The Trustees confirm that the Charity did not receive any non-exempt income and confirm that income expended was not on non-charitable expenditure.
V BAHL Trustee
Registered office: 10 UPPER TACHBROOK STREET London SW1V 1SH
Dated: 19/06/2023
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Independent Examiner
792 Wickham Road Croydon CR0 8EA
19 April 2023
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2022
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 27,600 | 27,600 | 27,600 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 27,600 | 27,600 | 27,600 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 27,600 | 27,600 | 27,600 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 441,783 | 441,783 | 414,183 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 469,383 | 469,383 | 441,783 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Statement of Financial Position
31 March 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 8 | 273,649 | 273,649 | |
| Investments | 9 | 89,296 | 89,296 | |
| -------------------------------- | -------------------------------- | |||
| 362,945 | 362,945 | |||
| Current assets | ||||
| Cash at bank and in hand | 113,570 | 85,970 | ||
| -------------------------------- | ---------------------------- | |||
| Net current assets | 113,570 | 85,970 | ||
| -------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 476,515 | 448,915 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 10 | 7,132 | 7,132 | |
| -------------------------------- | -------------------------------- | |||
| Net assets | 469,383 | 441,783 | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Unrestricted funds | 469,383 | 441,783 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 11 | 469,383 ================================ |
441,783 ================================ |
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 19 April 2023, and are signed on behalf of the board by:
V BAHL Trustee
The notes on pages 8 to 13 form part of these financial statements.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 27,600 | 27,600 |
| ---------------------------- | ---------------------------- | |
| Cash generated from operations | 27,600 | 27,600 |
| ---------------------------- | ---------------------------- | |
| Net cash from operating activities | 27,600 | 27,600 |
| ============================ | ============================ | |
| Net increase in cash and cash equivalents | 27,600 | 27,600 |
| Cash and cash equivalents at beginning of year | 85,970 | 58,370 |
| -------------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 113,570 | 85,970 |
| ================================ | ============================ |
The notes on pages 8 to 13 form part of these financial statements.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 10 UPPER TACHBROOK STREET, London, SW1V 1SH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
4. Limited by guarantee
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 27,600 ============================ |
27,600 ============================ |
27,600 ============================ |
27,600 ============================ |
6. Staff costs
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
7. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees;
8. Tangible fixed assets
| Land and | |
|---|---|
| buildings | |
| £ | |
| Cost | |
| At 1 April 2021 and 31 March 2022 | 273,649 |
| ================================ | |
| Depreciation | |
| At 1 April 2021 and 31 March 2022 | – |
| ================================ | |
| Carrying amount | |
| At 31 March 2022 | 273,649 |
| ================================ | |
| At 31 March 2021 | 273,649 |
| ================================ |
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
9. Investments
| Other | ||
|---|---|---|
| investments | ||
| £ | ||
| Cost or valuation | ||
| At 1 April 2021 | 89,296 | |
| Additions | – | |
| ---------------------------- | ||
| At 31 March 2022 | 89,296 | |
| ============================ | ||
| Impairment | ||
| At 1 April 2021 and 31 March 2022 | – | |
| ============================ | ||
| Carrying amount | ||
| At 31 March 2022 | 89,296 | |
| ============================ | ||
| At 31 March 2021 | 89,296 | |
| ============================ | ||
| All investments shown above are held at valuation. | ||
| Creditors: amounts falling due after more than one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Bank loans and overdrafts | 7,132 ======================= |
7,132 ======================= |
10. Creditors: amounts falling due after more than one year
11. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||
|---|---|---|---|
| At | |||
| At | 31 March 20 | ||
| 1 April 2021 | Income | 22 | |
| £ | £ | £ | |
| General funds | 441,783 | 27,600 | 469,383 |
| ================================ | ============================ | ================================ | |
| At | |||
| At | 31 March 20 | ||
| 1 April 2020 | Income | 21 | |
| £ | £ | £ | |
| General funds | 414,183 | 27,600 | 441,783 |
| ================================ | ============================ | ================================ | |
| Analysis of changes in net debt | |||
| At | |||
| At 1 Apr 2021 | Cash flows | 31 Mar 2022 | |
| £ | £ | £ | |
| Cash at bank and in hand | 85,970 | 27,600 | 113,570 |
| Debt due after one year | (7,132) | – | (7,132) |
| ---------------------------- | ---------------------------- | -------------------------------- | |
| 78,838 ============================ |
27,600 ============================ |
106,438 ================================ |
12. Analysis of changes in net debt
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
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RANA NIAZAN HAMMED BEGUM MEMORIAL TRUST
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 27,600 | 27,600 |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 27,600 | 27,600 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 27,600 | 27,600 |
| ============================ | ============================ |
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