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AUDITORS’ REPORT TO THE TRUSTEES We have audited the annexed Balance Sheet of SAHARA FOR LIFE TRUST (THE “TRUST”) as at June 30, 2011 and the related Income and Expenditure Account and Cash Flow Statement together with the notes forming part thereof, for the year then ended and we state that we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit. It is the responsibility of the Trust’s management to establish and maintain a system of internal control and prepare and present the above said statements in conformity with the approved accounting standards. Our responsibility is to express an opinion on these statements based on our audit. We conducted our audit in accordance with the auditing standards as applicable in Pakistan. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the above said statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the above said statements. An audit also includes assessing the accounting policies and significant estimates made by management, as well as, evaluating the overall presentation of the above said statements. We believe that our audit provides a reasonable basis for our opinion and, after due verification, we report that:(a) (b) in our opinion, proper books of account have been kept by the trust; In our opinion: (i) the balance sheet and income and expenditure account together with the notes thereon are in agreement with the books of account and are further in accordance with accounting policies consistently applied; (ii) the expenditure incurred during the year was for the purpose of the trust’s business; and (iii) the business conducted, investments made and the expenditure incurred during the year were in accordance with the objects of the trust; (c) in our opinion and to the best of our information and according to the explanations given to us, the Balance Sheet, Income and Expenditure Account and Cash Flow Statement together with the notes forming part thereof, conform with the approved accounting standards and respectively give a true and fair view of the state of the Trust’s affairs as at June 30, 2011 and of the surplus for the year then ended.

Lahore Dated: October 08, 2011

QADEER AND COMPANY CHARTERED ACCOUNTANTS (NAWAZ KHAN, FCA)

SAHARA FOR LIFE TRUST BALANCE SHEET AS AT JUNE 30, 2011 2011 RUPEES 2010 RUPEES

NOTE

ACCUMULATED FUNDS LIABILITIES AGAINST ASSETS SUBJECT TO FINANCE LEASE DEFERRED INCOME CURRENT LIABILITIES Current portion of liabilities against assets subject to finance lease Creditors, accrued and other liabilities Short Term Security Deposits Contigencies and Comitments 5 4

406,671,737 39,311,301

364,555,003 73,768 -

73,768 4,932,990 5,561,168 10,567,926 456,550,964

136,696 12,039,967 4,036,379 16,213,042 380,841,813

PROPERTY AND ASSETS NON-CURRENT ASSETS At cost less accumulated depreciation CAPITAL WORK IN PROGRESS SECURITY DEPOSITS CURRENT ASSETS Stock of medicine Diesel stock Advances, deposits, prepayments and other receivables Cash and bank balances 3,288,838 635,371 8 9 22,745,960 109,180,142 135,850,311 456,550,964 2,841,739 17,124,613 90,910,290 110,876,642 380,841,813 6 7 255,228,968 65,041,685 430,000 253,862,341 15,892,830 210,000

The annexed notes form an integral part of these accounts. TRUSTEE TRUSTEE

SAHARA FOR LIFE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED JUNE 30, 2011

2011 NOTE RUPEES

2010 RUPEES

DONATIONS OTHER INCOME

10 11

188,247,956 88,990,085 277,238,041

101,286,394 77,938,250 179,224,644 168,393,196 10,831,448 202,068 10,629,380 353,925,623

HOSPITAL OPERATING EXPENSES

12

234,850,305 42,387,736

FINANCIAL CHARGES SURPLUS FOR THE YEAR ACCUMULATED FUNDS BROUGHT FORWARD ACCUMULATED FUNDS CARRIED OVER TO BALANCE SHEET

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