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Trial balance
GULF BRIDGE INTERNATIONAL

Primary dimension set MA

Period 1/1/2017 12/31/2017

MA Name Opening balance Debit Credit Net difference Closing balance

111005000 Computer Equipment 0.00 5,922.87 0.00 5,922.87 5,922.87
111065000 Capital Work in Progress (Network) 0.00 18,549.56 0.00 18,549.56 18,549.56
111070000 Capital Work in Progress (G&A) 0.00 12,135.33 0.00 12,135.33 12,135.33
121005000 Inventory / Stocked item 0.00 156.00 0.00 156.00 156.00
122005000 Accounts receivables 0.00 97,767,031.91 52,411,017.85 45,356,014.06 45,356,014.06
122020000 Inter Unit Receivable 0.00 21,692,876.19 26.21 21,692,849.98 21,692,849.98
123005000 Prepaid Expense - Rent 0.00 162,792.17 0.00 162,792.17 162,792.17
123010000 Prepaid Expense - Insurance 0.00 63,670.96 0.00 63,670.96 63,670.96
123015000 Prepaid Expenses- Others 0.00 5,212,166.97 29,704.93 5,182,462.04 5,182,462.04
124005000 Advances to Employees 0.00 -2,191.13 292.01 -2,483.14 -2,483.14
124020000 Input Vat 0.00 45,348.54 0.00 45,348.54 45,348.54
124040000 Credit Card Advance 0.00 0.00 27,176.31 -27,176.31 -27,176.31
126010000 HSBC Bank 0.00 13,290,563.66 12,924,491.65 366,072.01 366,072.01
126025000 Masraf Al Rayan Bank 0.00 30,969.78 235,030.69 -204,060.91 -204,060.91
126030000 Deutsche Bank 0.00 0.00 262,003.49 -262,003.49 -262,003.49
126035000 AL Khaliji Bank 0.00 42,231,324.75 43,663,220.38 -1,431,895.63 -1,431,895.63
221015000 Facility Loan 0.00 4,017,784.70 0.00 4,017,784.70 4,017,784.70
222005000 Accounts Payable 0.00 34,435,539.52 14,463,927.51 19,971,612.01 19,971,612.01
222025000 Inter Unit Payable 0.00 26.21 20,161,654.60 -20,161,628.39 -20,161,628.39
222030000 Vat Authority 0.00 0.00 0.00 0.00 0.00
223010000 End of Service Provision 0.00 452,042.70 0.00 452,042.70 452,042.70
225005000 Salary Payable / Accurals 0.00 181,388.54 0.00 181,388.54 181,388.54
225016000 Lease Advance received from Customers 0.00 16,020.00 527,560.00 -511,540.00 -511,540.00
225017000 O&M Advance received from Customers 0.00 144,348.46 2,857,639.12 -2,713,290.66 -2,713,290.66
225020000 Deferred IRU Revenue 0.00 2,099,300.00 13,591,850.00 -11,492,550.00 -11,492,550.00
225021000 Deferred Lease Revenue 0.00 7,537,304.77 75,033,533.49 -67,496,228.72 -67,496,228.72
225022000 Deferred O&M Revenue 0.00 0.00 13,125.00 -13,125.00 -13,125.00
225023000 Deferred Managed Services Revenue 0.00 78,201.00 6,548,171.50 -6,469,970.50 -6,469,970.50
225024000 Deferred Other Income Revenue 0.00 0.00 186,000.00 -186,000.00 -186,000.00
225025000 Output VAT 0.00 210.00 24,292.80 -24,082.80 -24,082.80
400015000 Lease Revenues 0.00 1,036,640.00 1,036,640.00 0.00 0.00
400025000 Government Business 0.00 0.00 64,348.46 -64,348.46 -64,348.46
400125000 Interest Income 0.00 0.00 157.44 -157.44 -157.44
500015000 Sales Incentive 3rd party expenses 0.00 37,333.52 0.00 37,333.52 37,333.52
500020000 Bandwidth (Lease) - Off net cost 0.00 46,531,441.88 657,290.00 45,874,151.88 45,874,151.88
500025000 Managed services - Off net cost 0.00 235,940.00 2,400.00 233,540.00 233,540.00
500035000 Landing Station O&M Cost - NSM 0.00 617,501.08 112,500.00 505,001.08 505,001.08
500045000 Fixed maintenance charges - NSM 0.00 1,122,196.67 389,159.00 733,037.67 733,037.67
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Trial balance
GULF BRIDGE INTERNATIONAL

500050000 Repairs - NSM 0.00 43,395.96 0.00 43,395.96 43,395.96

500060000 Front haul (Repair) - NSM 0.00 526.02 0.00 526.02 526.02
500070000 Marine representative costs - NSM 0.00 7,350.00 0.00 7,350.00 7,350.00
500075000 Repair permit - NSM 0.00 25,000.00 0.00 25,000.00 25,000.00
500080000 Facilities Charge (Colocation) - NSM 0.00 468,663.00 0.00 468,663.00 468,663.00
500085000 Dark Fibre O&M - NSM 0.00 847,045.11 0.00 847,045.11 847,045.11
500090000 First Line Maintenance - NSM 0.00 242,442.18 133,058.48 109,383.70 109,383.70
500100000 IRU O&M - NSM 0.00 456,026.03 0.00 456,026.03 456,026.03
500106000 Land Routes Co - Loaction Expenses - 0.00 228,266.76 0.00 228,266.76 228,266.76
500110000 OSS-recurring cost - NSM 0.00 45,170.40 27,102.24 18,068.16 18,068.16
500115000 Vendor Support - NSM 0.00 856,191.61 400,737.50 455,454.11 455,454.11
500120000 DCN Cost - NSM 0.00 191,820.27 15,349.45 176,470.82 176,470.82
500130000 Managed Services - NSM 0.00 2,086,826.98 49,421.46 2,037,405.52 2,037,405.52
500145000 Warehouse - NSM 0.00 24,542.69 4,531.45 20,011.24 20,011.24
500150000 Logistics - NSM 0.00 118,623.04 13,118.55 105,504.49 105,504.49
500180000 Restoration cost 0.00 254,000.00 0.00 254,000.00 254,000.00
600020000 Salary (Payroll) 0.00 1,925,327.54 0.00 1,925,327.54 1,925,327.54
600025000 Staff Accomodation Allowances 0.00 898,934.77 265.90 898,668.87 898,668.87
600030000 Car Allowance 0.00 144,366.20 0.00 144,366.20 144,366.20
600035000 Education Allowance 0.00 59,760.49 0.00 59,760.49 59,760.49
600040000 Furnishing & Relocation Allow. 0.00 4,000.00 0.00 4,000.00 4,000.00
600045000 Other Allowances 0.00 12,056.75 0.00 12,056.75 12,056.75
600065000 Final Settlement expenses 0.00 5,756.30 0.00 5,756.30 5,756.30
600070000 Recruitment Expenses 0.00 18,900.00 9,450.00 9,450.00 9,450.00
600072000 Training & PDP Exps 0.00 6,769.45 0.00 6,769.45 6,769.45
600074000 Club Membership Allowance 0.00 -13,367.77 292.01 -13,659.78 -13,659.78
600076000 Special Allowance 0.00 149,444.36 0.00 149,444.36 149,444.36
600085000 Health & Medical Insurance 0.00 153,337.62 103,652.55 49,685.07 49,685.07
600090000 Life Insurance 0.00 170.65 74.78 95.87 95.87
600095000 Annual Staff Airtickets 0.00 5,906.10 0.00 5,906.10 5,906.10
600100000 Expatriation and Repatriation 0.00 1,547.85 58.28 1,489.57 1,489.57
600105000 Residence Permit Expenses 0.00 11,635.18 0.00 11,635.18 11,635.18
600110000 Entertainment Expenses & Company 0.00 287.00 0.00 287.00 287.00
600115000 Food & Beverages Exps 0.00 4,711.16 0.00 4,711.16 4,711.16
600205000 Airtickets - Business Dev. 0.00 68,403.00 0.00 68,403.00 68,403.00
600210000 Airtickets - Consultants 0.00 5,237.28 0.00 5,237.28 5,237.28
600215000 Hotels - Bus Development 0.00 47,830.06 0.00 47,830.06 47,830.06
600220000 Hotels - Consultants 0.00 6,840.75 0.00 6,840.75 6,840.75
600225000 Visa and Other Travelling Expe 0.00 5,908.92 0.00 5,908.92 5,908.92
600235000 Taxi & Transportation Exps 0.00 6,561.18 0.00 6,561.18 6,561.18
600305000 Legal Consulting 0.00 208,769.67 81,356.54 127,413.13 127,413.13
600310000 Financial Consulting 0.00 71,471.83 31,916.68 39,555.15 39,555.15
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Trial balance
GULF BRIDGE INTERNATIONAL

600315000 Tax Consulting 0.00 2,009.40 0.00 2,009.40 2,009.40

600325000 Other Consulting 0.00 184,789.49 20,355.82 164,433.67 164,433.67
600330000 Sales Consulting 0.00 8,000.00 0.00 8,000.00 8,000.00
600334000 Board Meeting Exps 0.00 947.80 0.00 947.80 947.80
600335000 Telecom Licenses / Governmental 0.00 636.08 2,198.89 -1,562.81 -1,562.81
600410000 Office Rent 0.00 376,089.32 119,534.30 256,555.02 256,555.02
600415000 Car Rental 0.00 5,432.29 1,195.05 4,237.24 4,237.24
600505000 Telecommunication Expenses 0.00 45,101.95 120.56 44,981.39 44,981.39
600510000 Subscriptions & Memberships 0.00 1,319.10 0.00 1,319.10 1,319.10
600515000 Miscellaneous Office Expenses 0.00 94,316.83 23,285.35 71,031.48 71,031.48
600520000 Office Land Lines Exps 0.00 10,898.12 0.00 10,898.12 10,898.12
600525000 IT Services 0.00 250,718.88 133,470.94 117,247.94 117,247.94
600540000 Electricity Expense 0.00 5,817.14 0.00 5,817.14 5,817.14
600610000 Sales Incentive 3rd party expenses 0.00 378,898.06 0.00 378,898.06 378,898.06
600615000 PR & Marketing Expenses 0.00 94,139.38 9,586.50 84,552.88 84,552.88
600620000 Hospitality & Entertainment 0.00 3,633.65 0.00 3,633.65 3,633.65
600625000 Training & PDP Exps 0.00 50,000.00 0.00 50,000.00 50,000.00
600630000 Events attendance Expenses 0.00 81,813.27 4,526.45 77,286.82 77,286.82
600635000 Meeting Venues rent 0.00 476.24 1,630.85 -1,154.61 -1,154.61
600645000 Corporate Gifts Exps 0.00 56.18 0.00 56.18 56.18
600785000 Audit Fee 0.00 343,022.22 148,802.13 194,220.09 194,220.09
600790000 Forex Gain / Loss - Realised 0.00 0.00 2,072.65 -2,072.65 -2,072.65
600800000 Bank Charges 0.00 26,719.42 82.38 26,637.04 26,637.04
600805000 Finance & Interest Charges 0.00 26.65 0.00 26.65 26.65
600810000 Management Fees 0.00 1,405,000.00 0.00 1,405,000.00 1,405,000.00
600825000 Rounding Off 0.00 0.14 0.16 -0.02 -0.02
600860000 Corporate Tax 0.00 21,418.79 0.00 21,418.79 21,418.79
900105000 VAT Control Account 0.00 0.00 124,972.90 -124,972.90 -124,972.90
900115000 Creditor control account 0.00 2,489,688.46 48,124,685.63 -45,634,997.17 -45,634,997.17
900130000 Purchase Expenses uninvoiced 0.00 114,133.38 0.00 114,133.38 114,133.38
900135000 Purchase Expenditure for Product 0.00 34,023.63 0.00 34,023.63 34,023.63
Total 0.00 294,810,118.87 294,810,118.87 0.00 0.00
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1/25/2018
10:50 AM