THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED BALANCE SHEET AS AT 31ST MARCH Note No.

Transcription

1 THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED BALANCE SHEET AS AT 31ST MARCH 2016 Note No. I. CAPITAL AND LIABILITIES Share Capital 1 2,82,22,32,500 2,39,01,92,700 Reserve Fund, Other Funds and Reserves 2 6,78,83,01,352 6,40,29,28,345 Profit and Loss Account 31,45,00,000 30,30,00,000 Deposits and Other Accounts 3 72,01,47,66,397 71,19,15,40,623 Borrowings 4 61,39,69,39,084 64,39,28,70,311 Interest Payable 9,51,51,807 5,74,06,300 Other Liabilities 5 1,96,23,69,529 1,92,29,45,932 Branch Adjustment 12,83,882 3,75,46,554 Settlement Credit Account (As per contra) 1,40,59,08,485 93,69,38,522 Total 1,46,80,14,53,035 1,47,63,53,69,287 II. PROPERTY AND ASSETS Cash and Bank Balances 6 5,00,30,84,369 5,83,36,25,833 Money at Call and Short Notice 19,15,00,00,000 22,35,00,00,000 Investments 7 24,31,54,67,850 23,61,56,97,313 Advances 8 95,06,87,44,695 93,04,35,72,669 Fixed Assets 9 1,33,39,09,693 1,34,49,43,200 Other Assets 10 52,43,37,943 51,05,91,750 Settlement Debit Account (As per contra) 1,40,59,08,485 93,69,38,522 Total 1,46,80,14,53,035 1,47,63,53,69,287 See accompanying notes forming part of the financial statements Accounting Policies 23 Notes on Accounts 24 As per our Report of Even Date For K P Rao & Co., Chartered Accountants Firm Registration No S K.Viswanath Partner M No President Director Chief Executive Officer Secretary CGM (A & D) CGM (F & A) GM (Banking) Place : Bangalore Date :

2 THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31ST MARCH 2016 INCOME Note No. Interest and Discount 11 10,09,70,88,325 9,40,31,58,357 Commission and Brokerage 12 1,20,27,407 1,42,76,469 Dividend and Miscellaneoous Receipts 13 8,18,36,327 6,91,31,954 EXPENSES Total Revenue 10,19,09,52,059 9,48,65,66,779 Interest on Deposits & Borrowings 14 8,85,10,00,148 8,06,22,54,091 Salaries, Allowances & Provident Fund 15 33,61,19,769 30,66,93,871 Directors Fee, Local Committee Members fee and Allowances 16 59,55,390 47,84,038 Rent, Taxes, Insurance & Electricity Charges 17 5,42,40,294 4,87,83,388 Legal Charges 15,94,805 20,19,094 Postage and Telephone 18 34,72,714 30,74,571 Audit fees 19 21,58,857 12,48,177 Repairs to Bank Properties 20 49,06,867 1,25,22,403 Printing, Stationery and Advertisement 21 1,02,36,035 1,37,90,389 Other Expenditure 22 14,13,11,661 12,94,22,973 Depreciation 6,53,67,118 4,81,11,420 Provisions and Contingencies : a) Bonus/Exgratia 50,00,000 50,00,000 b) Staff Gratuity Fund 1,00,00,000 93,89,873 c) Provision for Salary Arrears 50,00,000 1,50,00,000 d) Study Tour 10,00,000 20,00,000 e) Bad & Doubtful Debt Reserve 6,65,00,000 5,77,39,000 f) Provision for Other Assets - 8,84,00,000 g) Contingent Reserves for Standard Assets 1,90,00,000 3,46,00,000 h) Centenery Year Celebration Fund 34,07,552 12,77,000 Total Expenses 9,58,62,71,209 8,84,61,10,289 Profit Before Tax 60,46,80,850 64,04,56,490 Provision for Taxes: Provision for Income Tax 27,79,00,000 26,25,00,000 Provision for Deferred Tax - - Income Tax of earlier years 1,22,80,850 7,49,56,490 Net Profit for the year 31,45,00,000 30,30,00,000 See accompanying notes forming part of the financial statements Accounting Policies 23 Notes on Accounts 24 As per our Report of Even Date For K P Rao & Co., Chartered Accountants Firm Registration No S K.Viswanath Partner M No President Director Chief Executive Officer Secretary CGM (A & D) CGM (F & A) GM (Banking) Place : Bangalore Date :

3 THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED Schedules forming part of financial statements as at Note 1 : Share Capital Authorised Share Capital 1,50,00,000 shares of 100/- each 1,50,00,00,000 1,50,00,00,000 Issued And Subscribed 1,75,886 shares (Previous Year - 1,15,618 shares) 2,82,22,32,500 2,39,01,92,700 Paid-up Share Capital a) DCC Banks (24,752 shares) 2,47,52,00,000 2,13,44,00,000 b) KSUBF (3 shares) 1,50,000 1,50,000 c) State & National Co-op Inst. (67,967 shares) 1,04,32,000 1,03,82,100 d) Other than Co-op. Inst. (16,208 shares) 16,70,500 16,20,600 e) Associated/Nominal Members (66,956 shares) 33,47,80,000 24,36,40,000 2,82,22,32,500 2,39,01,92,700 Note 2 : Reserve Fund & Other Funds Statutory Reserves 3,91,44,60,988 3,54,10,91,098 Agricultural Credit Stabilisation Fund : Bank 43,35,16,944 41,33,29,727 Grants & Subsidy 7,73,06,000 51,08,22,944 7,73,06,000 49,06,35,727 Other Funds and Reserves Building Fund 18,91,40,821 18,52,21,141 Dividend Equalisation Fund 2,01,97,932 1,94,13,996 Bad and Doubtful Debt Reserve 44,50,85,465 45,42,05,947 Investment Depreciation Reserve 19,15,89,727 22,64,05,791 Agr. Cr. Guarantee Relief Fund 5,50,91,850 4,98,41,640 Common Good Fund 21,28,223 1,21,28,223 Special Assistance Fund 5,29,85,228 5,06,70,947 Farmers Welfare Fund 32,81,940 42,96,100 Cadre Fund 11,16,437 11,16,437 PACS/DCCB Development Fund 12,60,38,933 12,35,85,111 Death Relief Fund 2,75,00,000 2,75,00,000 Contingent Reserves 10,63,20,263 10,63,20,263 Scheme for rectification of Imbalance 3,57,86,000 3,57,86,000 Co-operative Development Fund 2,07,04,054 2,07,04,054 Deposit Insurance Scheme - PACS 28,30,000 28,30,000 Rural Farmer's Socio-Economic 2,00,83,538 2,01,81,859 Centenery Yr. Celebration Fund 2,88,38,077 2,11,18,878 Co-operative Education Fund 44,23,800 - Investment Fluctuation Reserve 2,00,00,000 - Revaluation Reserves - Land 86,45,17,188 86,45,17,188 Revaluation Reserves - Building 14,53,57,945 14,53,57,945 6,78,83,01,352 6,40,29,28,345 Note 3 : Deposits and Other Accounts Term Deposits : Individuals 14,94,50,12,178 12,67,41,18,093 Co-operative Societies 6,89,75,84,620 5,45,87,91,578 Urban Banks 14,19,39,13,689 11,80,32,50,031 DCC Banks 27,07,71,78,908 63,11,36,89,394 30,20,02,14,710 60,13,63,74,412 Savings Bank Deposit : Individuals 4,21,19,49,334 3,84,75,70,622 Co-operative Societies 56,83,45,731 71,35,97,487 Urban Banks 29,62,580 4,78,32,57,646 21,46,645 4,56,33,14,754 Current Deposits : Individuals 39,40,85,016 37,83,89,477 Co-operative Societies 24,58,38,451 42,38,52,755 Urban Banks 1,97,01,49,059 1,73,93,35,480 DCC Banks 1,50,35,22,653 3,94,57,92,715 State Co-operative Banks 42,24,178 4,11,78,19,357 44,81,030 6,49,18,51,457 72,01,47,66,397 71,19,15,40,623

4 Note 4 : Borrowings From NABARD : ST - SAO - OC 36,96,00,00,000 46,86,11,99,000 ST - SAO - OPP 1,52,50,00,000 1,83,63,01,000 ST - SAO - NPDP 1,01,50,00,000 1,30,25,00,000 MT - Long Term 17,52,71,99,550 8,31,52,78,000 MT - Schematic 3,99,13,34,499 5,87,77,40,800 MT - NFS 7,57,79,200 4,64,10,000 MT - PODF 27,08,66,500 61,36,51,79,749 12,23,86,500 64,36,18,15,300 From Central Co-operative Banks : CCR X (Food Credit) 2,00,00,000 2,00,00,000 State Co-operative Banks Balance with SCBs 1,11,82,135 1,04,77,811 From NCDC : Medium Term-Non-Agricultural Loan 5,77,200 5,77,200 61,39,69,39,084 64,39,28,70,311 Note 5 : Other Libilities SLPO 9,50,20,136 8,69,44,522 Suspense Liabilities 40,08,44,720 41,16,65,194 Clearing Tendered 84,87,481 74,91,349 Demand Draft Payable 8,95,268 9,21,564 Staff Gratuity Fund 3,84,53,005 4,28,84,462 Staff Bonus & Exgratia 50,00,000 1,01,37,955 Regional Provident Fund 51,76,060 49,58,569 NCDC III Project Liabilities 5,53,76,065 5,53,76,065 ACSTI Accounts 9,86,743 11,94,306 Provision for Other Assets 8,84,00,000 8,84,00,000 Provision for NPAs 68,03,66,400 68,03,66,400 Income Tax Collected & Payable 1,03,58,105 - Contingent Provision against Standard Assets 25,90,85,355 24,00,85,355 Payment of Salary Arrears 2,00,00,000 1,50,00,000 Study Tour 1,53,31,456 1,43,31,456 Incentives 6,88,735 6,88,735 Income Tax Provision 27,79,00,000 26,25,00,000 1,96,23,69,529 1,92,29,45,932 Note 6 : Cash and Bank Balances Cash on Hand 26,27,76,460 33,56,44,149 Balances with Banks : Reserve Bank of India 4,55,44,96,849 5,35,45,94,596 State Bank of India 9,49,207 5,72,932 State Bank of Mysore 2,69,302 2,69,302 SB Account with GPO HDFC Bank 18,19,95,818 11,74,19,218 CBLO A/c with CCIL 1,00,000 1,00,000 Bank of Maharashtra 24,96,516 4,74,03,07,909 2,50,25,419 5,49,79,81,684 5,00,30,84,369 5,83,36,25,833 Note 7 : Investments In Central Government Securities: Book Value 6,09,67,14,806 6,09,67,14,806 7,51,71,48,938 7,51,71,48,938 Face Value 7,80,24,30,000 7,70,24,30,000 In State Government Securities: Book Value 11,99,01,12,045 11,99,01,12,045 11,00,76,32,375 11,00,76,32,375 Face Value 9,10,60,50,000 10,65,20,50,000 Shares in Co-operative Institutions: Book Value 15,15,66,000 15,15,66,000 15,15,66,000 15,15,66,000 Face Value 15,15,66,000 15,15,66,000 Other Investments: Book Value 6,07,70,75,000 6,07,70,75,000 4,93,93,50,000 4,93,93,50,000 Face Value 4,88,50,00,000 4,88,00,00,000 24,31,54,67,850 23,61,56,97,313

5 Note 8 : Advances Short Term Loans: SAO - OC 49,25,16,97,000 53,18,14,66,000 SAO - OPP 2,14,43,20,000 1,98,30,89,000 SAO - NPDP 1,39,50,00,000 1,39,19,87,000 Insalment Loan 97,09,41,155 94,90,50,936 Vehicle Loan 13,02,38,130 15,00,15,603 Jewel Loan 3,46,75,85,345 3,76,66,26,879 Consumer Durable Loan 60,797 60,797 Staff Advance 4,17,48,755 4,11,79,248 Apex Gold 1,24,268 11,27,451 Apex Vruthipara 25,99,023 16,63,456 Apex Personal 1,16,589 1,87,315 Apex Travel 1,54,438 57,40,45,85,500-61,46,64,53,685 Cash Credit Accounts: CCR I 10,00,00,000 - CCR II 3,90,03,448 35,87,390 CCR IIIC 24,25,93,000 - CCR IV 2,07,38,450 2,14,97,500 CCR VII 30,00,00,000 - CCR VIII 78,49,723 1,50,21,72,944 CCR IX 1,33,86,18,152 79,58,47,031 CCR X 7,40,00,00,000 7,45,00,00,000 CCR BDP 7,50,00,000 9,52,38,02,773 32,50,00,000 10,09,81,04,865 Overdrafts: Individuals 90,79,011 66,76,849 Urban Banks 16,34,162 1,44,39,932 Overdraft Staff 11,45,72,881 7,35,634 Debit Balances in SB/CA A/cs 30,893 12,53,16,947 50,68,063 2,69,20,478 Medium Term Loans: Schematic 4,09,25,16,641 6,14,76,08,000 Non Agricultural 3,60,28,18,592 2,54,75,75,397 NFS 7,58,31,300 4,62,08,900 MT-PODF-PACS as MSCS 27,08,66,500 12,23,86,500 Advance against Deposits 26,64,50,977 18,47,16,615 Advance against Pledge of NSC/IVP 1,83,229 3,30,461 Advance-Apex Pension 76,598 1,70,280 Advance-Apex Women 64,659 81,905 Advance-Apex Overdraft 2,38,81,294 8,33,26,89,791 92,99,788 9,05,83,77,846 Long Term Loans: Apex BDA 3,81,290 4,84,063 Housing Loan - Staff 8,05,25,271 8,35,18,277 Housing Loan - Public 1,20,29,84,412 1,21,04,06,506 Project Loan 1,87,78,58,848 1,97,78,15,401 House Mortage Loan 1,77,09,70,681 1,72,19,15,750 Long Term loans-nabard 14,68,33,98,540 7,33,41,54,600 Education Loan 1,07,75,114 19,62,68,94,156 99,65,670 12,33,82,60,267 NCDC III Project: MCSM Ltd., 1,77,29,336 1,77,29,336 MCOM Ltd., 88,79,036 88,79,036 SVCTM Ltd., 1,43,33,156 1,43,33,156 RSNG Ltd., 1,45,14,000 5,54,55,528 1,45,14,000 5,54,55,528 95,06,87,44,695 93,04,35,72,669 Note 9 : Fixed Assets Premises (including Land): Opening WDV 1,20,64,36,821 18,83,89,547 Add : Additions during the year 2,19,45,888 1,01,90,92,724 Less : Sales during the year - 1,22,83,82,709 1,20,74,82,271 Less : Depreciation for the year 1,30,57,151 9,93,087 Less : Depreciation on sale of assets - 1,21,53,25,558 1,21,53,25,558 1,20,64,89,184 1,20,64,89,184

6 Furnitures & Fixtures less Depreciation: Opening WDV 5,47,62,539 4,33,39,654 Add : Additions during the year 1,65,45,789 2,18,46,313 Less : Sales during the year 1,37,865 10,25,253 7,11,70,463 6,41,60,714 Less : Depreciation for the year 1,04,46,811 93,98,175 Less : Depreciation on sale of assets - - 6,07,23,652 6,07,23,652 5,47,62,539 5,47,62,539 Computers less Depreciation: Opening balance 7,60,61,592 9,98,32,121 Add : Additions during the year 1,21,22,904 1,22,34,286 Less : Sales during the year - 1,79,986 8,81,84,496 11,18,86,421 Less : Depreciation upto previous year - - Less : Depreciation for the year 3,95,55,326 3,58,15,115 Less : Depreciation on sale of assets - 4,86,29,169 4,86,29,169 7,60,71,306 7,60,71,306 Vehicles less Depreciation Opening WDV 76,20,172 69,58,743 Add : Additions during the year 59,35,704 29,52,403 Less : Sales during the year 20,16,733 3,85,931 1,15,39,143 95,25,215 Less : Depreciation for the year 23,07,829 19,05,043 Less : Depreciation on sale of assets - 92,31,314 92,31,314 76,20,172 76,20,172 1,33,39,09,693 1,34,49,43,200 Note 10 : Other Assets Sundry Assets 1,19,056 12,57,701 Suspense Assets 18,21,62,984 19,98,58,904 Income Tax Receivable 3,58,20,692 3,44,28,132 Clearing Returns 91,93,295 80,02,397 NCDC III Project Assets 12,39,207 12,39,207 ACSTI A/cs 41,27,899 33,05,409 Interest Receivable - GTS 2,66,74,809 - Advance Income Tax 26,50,00,000 26,25,00,000 52,43,37,943 51,05,91,750

7 THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED Schedules forming part of financial statements as at Note 11 : Interest and Discount Interest on Loans & CCR 7,09,49,34,380 6,51,18,33,965 Interest on Investments-GTS 1,62,46,75,498 1,62,39,25,586 Interest on Investments-Banks 1,29,22,80,796 2,91,69,56,294 1,05,90,27,735 2,68,29,53,321 Income from Sale of Bank Assets 18,766 1,32,070 Incentives Received from RBI 36,78,885 - Excess Investment Depreciation Reserve - 20,82,39,000 Excess old Bad & Doubtful Debt Reserve 8,15,00,000 8,51,97,651-20,83,71,070 10,09,70,88,325 9,40,31,58,357 Note 12 : Commission and Brokerage Bank Charges 1,20,27,407 1,42,76,469 1,20,27,407 1,42,76,469 Note 13 : Dividend and Miscellaneoous Receipts Dividend 3,01,78,750 3,01,35,500 Miscellaneous Receipts 5,16,57,577 3,89,96,454 8,18,36,327 6,91,31,954 Note 14 : Interest on Deposits & Borrowings Interest paid on Deposits 5,46,36,25,776 5,23,35,84,587 Interest on Borrowings 3,38,73,74,372 2,82,86,69,504 8,85,10,00,148 8,06,22,54,091 Note 15 : Salaries, Allowances & Provident Fund Salaries 29,64,29,578 27,21,50,374 Medical Expenses 38,07,180 39,11,264 Staff Provident Fund 3,20,26,913 3,06,32,233 Gift to Staff 28,44,000 - Staff Bonus/Exgratia 10,12,098-33,61,19,769 30,66,93,871 fee and Allowances Honorarium to President 1,85,000 1,00,000 Honorarium to Vice President 1,05,000 65,000 Directors' Fees and Allowances 55,23,723 41,19,038 Study Tour to Directors 1,41,667 5,00,000 59,55,390 47,84,038 Note 17 : Rent, Taxes, Insurance & Electricity Charges Rent 1,64,88,498 1,55,96,537 Building Tax 17,22,045 16,72,797 Profession Tax 1,10,000 1,07,500 Insurance 2,84,23,152 2,49,25,167 Water and Light 73,31,823 64,22,861 Filing Fee - Income Tax 1,64,776 58,526 5,42,40,294 4,87,83,388 Note 18 : Postage and Telephone Postage 4,50,452 4,38,877 Telephone 30,22,262 26,35,694 34,72,714 30,74,571 Note 19 : Audit fees Statutory Audit Fee 7,97,870 12,12,869 Other Services 13,60,987 35,308 21,58,857 12,48,177

8 Note 20 : Repairs to Bank Properties Repairs to Vehicles 12,06,298 10,45,472 Repairs to Furniture 66,423 5,58,329 Repairs to Buildings 36,34,146 1,09,18,602 49,06,867 1,25,22,403 Note 21 : Printing, Stationery and Advertisement Printing and Stationery 39,04,084 39,83,529 Advertisement and Publicity 63,31,951 98,06,860 1,02,36,035 1,37,90,389 Note 22 : Other Expenditure RBI RTGS Maintainence 41,725 2,852 TA and Inspection 52,71,132 57,35,287 Misceleneous expenditure 1,18,71,525 1,28,16,195 News Papers & Periodicals 11,92,331 11,10,458 Vehicle Maintenance 34,22,437 34,22,763 Consultancy Specialist Charges 16,19,734 19,22,674 Training to Staff 81,066 1,28,958 Guest House Contingency 1,82,089 2,95,084 Subscription to Co-operative Institutions 5,93,800 6,88,842 Subscription to other than Co-operative Institutions 81,461 68,352 Computer Maintenance 1,81,16,786 98,82,596 Hospitality Expenses 51,85,943 38,27,420 Infrastructure Develop Assistance to Member Banks 2,41,10,004 2,28,11,995 Loss on Sale of Bank Assests 5,87,166 - Loss on Sale/Conversion of GOI Securities 6,89,54,463 6,66,03,319 Uniform to Officers - 1,06,177 14,13,11,661 12,94,22,973