INDIAN INSTITUTE OF INSURANCE SURVEYORS AND LOSS ASSESSORS

Transcription

1 INDIAN INSTITUTE OF INSURANCE SURVEYORS AND LOSS ASSESSORS BALANCE SHEET AS AT 31st MARCH' 2011 As on As on Schedule I SOURCES OF FUNDS Corpus Fund "A" 28,068,000 27,453,000 Income and Expenditure Account Balance as per last Balance Sheet 17,468,128 14,431,403 Add:Surplus Transfer From Income and expenditure account 1,969,059 3,036,725 19,437,187 17,468,128 47,505,187 44,921,128 Current Liabilities And Provision "B" 2,392,643 2,032,895 TOTALS (Rs.) 49,897,830 46,954,023 II APPLICATION OF FUNDS FIXED ASSETS "C" Gross Block 265, ,709 Less: Accumulated Depriciation 72,228 40,881 CURRENT ASSETS,LOANS & ADVANCES 192, ,828 a) Cash And bank Balances "D" 44,008,252 43,095,140 b) Accured Interest On FDRs 1,388,594 2,325,021 c) Advances Recoverable in cash or in kind 4,238,228 1,326,545 d) Sundry Debtors 69,802 TOTAL CURRENT ASSETS 49,704,876 46,835,195 MISCELLANEOUS EXPENDITURE (To the extent not written off ) ,897,830 46,954,023 NOTES ON ACCOUNTS "F" - As per our report of even date attached For N C MITTAL & COMPANY For and on behalf of the Board Chartered Accountants Firm Reg.No N President Vice-President PARTNER M.No. Place: New Delhi Secretary Treasurer

2 Date: INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31st MARCH'2011 For the for the Particulars Schedule Year ended Year ended INCOME Annual Fees Received from members 5,196,610 5,727 Interest Income(TDS Rs ) 2,555,527 3,430 (P.Y. Rs /-, TDS Rs ) Excess Of income Over Exp.(Chail) - 27 Donation - 21 Miscellenous Income 1, TOTAL (RS.) 7,753,969 9,243,687 EXPENDITURE Administrative Expenses "E" 5,753,563 6,184 Depriciation 31, TOTAL (RS.) 5,784,910 6,206 Excess of Income Over Expenditure 1,969,059 3,036 Balance Carried to Balance Sheet 1,969,059 3,036 NOTES ON ACCOUNTS As per our report of even date attached For N C MITTAL & COMPANY For and on behalf of the Board Chartered Accountants Firm Reg.No N "F" PARTNER M.No. President Vice-President Place: New Delhi Date: Secretary Treasurer

3 INDIAN INSTITUTE OF INSURANCE SURVEYORS AND LOSS ASSESSORS SCHEDULES ANNEXED TO AND FORMING PART OF ACCOUNTS As on As on SCHEDULE "A" CORPUS FUND Opening balance 27,453,000 22,690,000 Add: addition during the year 615, ,000 Transfer from advance entry & membership fees - 4,460,000 Sub total 28,068,000 27,453,000 SCHEDULE : "B" CURRENT LIABILITES & PROVISIONS Advance towards admission fee & member's Subscription 1,469,700 1,469,700 TDS Payable 5,259 3,825 West Zone office 25,000 25,000 Iqbal taddha - 5,077 J L Tiku 2,127 2,127 Liabilities for expenses 404, ,966 Advances Subscription - 182,200 Suspense Account 450,000 - Ashok Kumar 35,594 - Sub total 2,392,643 2,032,895 SCHEDULE : "D" CURRENT ASSETS,LOANS & ADVANCES a)cash & Bank Balance Cash in Hand 28,389 - Savings Accounts 2,329,853 1,241,354

4 Fixed Deposits Receipt with ICICI Bank Ltd 24,150,000 4,046,630 Fixed Deposits Receipt with Syndicate bank 5,000,010 5,000,010 Fixed Deposits receipts with Union Bank 12,500,000 12,807,146 Sub total 44,008,252 43,095,140 b) Accured interest on FDRs Accured interest on ICICI Banks FDRs 850,390 1,787,862 Accured interest on Syndicate bank 458, ,159 Accured interest on Union Bank bank 79,838 - Sub total 1,388,594 2,325,021 c) Advances recoverable in Cash or Kind Advance against Office Expenses-M J Dhruva 59,649 59,649 Marine & Fire Training Workshop (Chennai) - 41,050 Namakal Training Workshop Advances - 44,500 Advance to North Zone against administration costs 143,129 43,129 Advance against member's Cricket Match-Nirmal Tripathi 15,000 15,000 Advance against Workshop-R K Elango 21, ,000 South Zone Advances - 169,377 Advance to West zone against Administration Costs 351, ,998 Recoverable From Chennai Pragramme - 5,500 Security Deposits 1,700 1,700 TDS Receivable 223, ,642 Building Advance 1,636,706 - Advance to East zone against Administration Costs 100,000 - D Chandrashekar Raju 6,709 - Punjab Chapter 537,890 - Withdrawls by Mr.Iqbal Tadha 177,800 - I V L N Chari 3,000 - Shiv Kumar 3,687 - Subash Chandra Goyal 7,000 - P Adhikari 5,000 - Recoverable Advance 273,750 - Prepaid Insurance 670,080 - Sub total 4,238,228 1,326,545 d) Sundry Debtors Less than 6 Months - 88,489 Above 6 Months 69,802 - Sub total 69,802 88,489 Total Current Assets,Loans and Advances 49,704,876 46,835,195

5 INDIAN INSTITUTE OF INSURANCE SURVEYORS AND LOSS ASSESSORS SCHEDULES ANNEXED TO AND FORMING PART OF ACCOUNTS As on As on SCHEDULE : "E" ADMINISTRATIVE EXPENSES Administrative Office Rent 132, ,000 Repairs & Maintainence -Assets 117,924 37,085 -Office 19,904 12,365 Office Maintenance 112,733 32,003 Rates & Taxes 34,789 - Worshops, Seminars & Training Expenses 1,195,783 1,680,031 Insurance Premium for members PA Group 661,175 Insurance 574,306 Internet Rental 7,483 16,452 Salaries to Employees 376, ,383 Telephone Expenses 74, ,151 Travelling Expenses 1,001, ,452 Conveyances Expenses - 47,016 Election Expenses 151, ,452 Electricity & water Expenses 29,862 73,542 Advertisement Expenses 1,575 - AGM Expenses 250, ,924 Audit Fees 38,025 57,545 Bank Charges 10,986 13,901 Books and Periodicals - 12,856 Legal Expenses 60,000 8,198 General & Misc Expenses 6,764 71,993 Postage & Courier Charges 352, ,576 Printing and Stationary 385, ,235 Professional Charges 167, ,340 Protest Rally Expenses - 148,670 Public Relation Expenses - 114,774 Website Maintenance - 19,000 Taxes of Previous Years 564, Total 5,753,563 6,184,250

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