DANDOT CEMENT COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED DECEMBER 31, 2004 ( UN-AUDITED )
                 
      Share Share premium  Accumulated  Total Share Capital & Reserves  Surplus On Revaluation Of Fixed Assets Total
      Capital Reserve  Loss  
      R  U  P  E  E  S           I  N      T  H  O  U  S  A  N  D
                 
Balance as at  June 30, 2003              278,400                31,801           (1,391,089)           (1,080,888)            1,055,115               (25,773)
                 
Loss for the period                         -                         -                 (51,229)               (51,229)                       -                 (51,229)
                 
Incremental depreciation transferred to surplus            
   on revaluation of fixed assets' account                       -                         -                  52,356                52,356               (52,356)                       -  
                   
Balance as at December 31, 2003              278,400                31,801           (1,389,962)           (1,079,761)            1,002,759               (77,002)
                 
Profit for the period                         -                         -                  97,099                97,099                       -                  97,099
                 
Right share issue                400,000                       -                         -                400,000                       -                400,000
                 
Attributable deferred tax charged to surplus                       -                         -                         -                         -                         -                         -  
                 
Incremental depreciation due to revaluation            
charged to surplus                         -                         -                    5,030                  5,030                 (5,030)                       -  
                 
Surplus realized on disposal of assets                       -                         -                       486                     486                    (486)                       -  
                 
Balance as at June 30, 2004              678,400                31,801           (1,287,347)             (577,146)              997,243              420,097
                 
Profit for the period                         -                         -                160,802              160,802                       -                160,802
                 
Incremental depreciation due to revaluation            
charged to surplus:                         -                         -                  26,854                26,854               (26,854)                       -  
                 
Balance as at December 31, 2004              678,400                31,801           (1,099,691)             (389,490)              970,389              580,899
                 
                 
                 
                 
                 
                 
                 
                 
 A.SHOEB PIRACHA         ABDUR RAFIQUE KHAN
      DIRECTOR            CHIEF EXECUTIVE