THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED … · Death Relief Fund Contingent Reserves...

THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED

BALANCE SHEET AS AT 31ST MARCH 2017

Particulars

I. CAPITAL AND LIABILITIES

Share Capital 1 4,18,94,32,500 2,82,22,32,500 Reserve Fund, Other Funds and Reserves 2 7,12,33,72,520 6,78,83,01,352 Profit and Loss Account 33,00,00,000 31,45,00,000 Deposits and Other Accounts 3 73,63,79,48,604 72,01,47,66,397 Borrowings 4 74,55,10,45,862 61,39,69,39,084 Interest Payable 34,22,14,072 9,51,51,807 Other Liabilities 5 1,87,21,26,099 1,96,23,69,529 Branch Adjustment - 12,83,882 Overdue Interest Reserve (As per contra) 1,73,96,27,629 1,40,59,08,485

Total 1,63,78,57,67,286 1,46,80,14,53,035

II. PROPERTY AND ASSETS

Cash and Bank Balances 6 17,17,30,05,881 5,00,30,84,369 Money at Call and Short Notice 2,89,90,00,000 19,15,00,00,000 Investments 7 32,43,48,29,268 24,31,54,67,850 Advances 8 1,07,74,72,61,119 95,06,87,44,695 Fixed Assets 9 1,28,55,13,080 1,33,39,09,693 Other Assets 10 48,44,09,241 52,43,37,943 Branch Adjustment 2,21,21,068 - Overdue Interest Reserve (As per contra) 1,73,96,27,629 1,40,59,08,485

Total 1,63,78,57,67,286 1,46,80,14,53,035

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 AccountantsFirm Registration No - 003135S

sd sd

President Director

K.ViswanathPartner

M No. 022812

sd sd sd sd sd

Chief Executive Officer Secretary CGM (A & D) CGM (F & A) GM (Banking)

Place : Bangalore

Date : 2nd August 2017

NoteNo.

As at March 31, 2017



PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31ST MARCH 2017

Particulars Note No.

INCOME

Interest and Discount 11 10,46,02,46,852 10,09,70,88,325 Commission and Brokerage 12 1,18,99,073 1,20,27,407 Dividend and Miscellaneous Receipts 13 8,57,50,106 8,18,36,327

Total Revenue 10,55,78,96,031 10,19,09,52,059 EXPENSES

Interest on Deposits & Borrowings 14 8,82,34,34,778 8,85,10,00,148 Salaries, Allowances & Provident Fund 15 47,70,16,096 33,61,19,769 Directors Fee, Local Committee Members fee and Allowances 16 74,73,332 59,55,390 Rent, Taxes, Insurance & Electricity Charges 17 6,31,84,496 5,42,40,294 Legal Charges 3,74,945 15,94,805 Postage and Telephone 18 40,46,208 34,72,714 Audit fees 19 17,18,875 21,58,857 Repairs to Bank Properties 20 55,14,157 49,06,867 Printing, Stationery and Advertisement 21 1,31,60,177 1,02,36,035 Other Expenditure 22 21,95,36,508 14,13,11,661 Depreciation 3,90,63,899 6,53,67,118

Provisions and Contingencies :a) Bonus/Exgratia 50,00,000 50,00,000 b) Staff Gratuity Fund 1,24,75,428 1,00,00,000 c) Provision for Salary Arrears - 50,00,000 d) Study Tour 10,00,000 10,00,000 e) Bad & Doubtful Debt Reserve 7,50,00,000 6,65,00,000 f) Contingent Reserves for Standard Assets 7,00,00,000 1,90,00,000 g) Centenery Year Celebration Fund - 34,07,552 h) Investment Fluctuation Reserve 5,00,00,000 - i) Special Reserve 1,00,00,000 -

Total Expenses 9,87,79,98,899 9,58,62,71,209

Profit Before Tax 67,98,97,132 60,46,80,850

Provision for Taxes:Provision for Income Tax 31,50,00,000 27,79,00,000 Provision for Deferred Tax - - Income Tax of earlier years 3,48,97,132 1,22,80,850

Net Profit for the year 33,00,00,000 31,45,00,000

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 AccountantsFirm Registration No - 003135S

sd sd

President Director

K.ViswanathPartner

M No. 022812

sd sd sd sd sd

Chief Executive Officer Secretary CGM (A & D) CGM (F & A) GM (Banking)

Place : Bangalore

Date : 2nd August 2017

Year ended

March 31, 2017

Year ended March 31, 2016


Schedules forming part of financial statements as at 31.03.2017

Particulars

Note 1 : Share Capital

Issued And Subscribed(4,189 Shares)

Paid-up Share Capitala) DCC Banks(3,718 Shares)b) State Governmentc) Associated / Nominal Members (471 Shares)

Note 2 : Reserve Fund & Other Funds Statutory Reserves

Particulars

Agricultural Credit Stabilisation Fund : Bank Grants & Subsidy

Other Funds and Reserves Building Fund Dividend Equalisation Fund Bad and Doubtful Debt Reserve Investment Depreciation Reserve Agr. Cr. Guarantee Relief Fund Common Good Fund Special Assistance Fund Farmers Welfare Fund Cadre Fund PACS/DCCB Development Fund Death Relief Fund Contingent Reserves Scheme for rectification of Imbalance

Particulars

Co-operative Development Fund Deposit Insurance Scheme - PACS Rural Farmer's Socio-Economic Centenery Yr. Celebration Fund Co-operative Education Fund Investment Fluctuation Reserve Revaluation Reserves - Land Revaluation Reserves - Building

Special Reserve

Note 3 : Deposits and Other AccountsTerm Deposits : Individuals Co-operative Societies Urban Banks DCC Banks

Savings Bank Deposit :

Particulars

Individuals Co-operative Societies Urban Banks

Current Deposits : Individuals Co-operative Societies Urban Banks DCC Banks State Co-operative Banks

Particulars

Note 4 : BorrowingsFrom NABARD : ST - SAO - OC ST - SAO - OPP ST - SAO - NPDP MT - Long Term MT - Schematic MT - NFS MT - PODF

From NCDC : Medium Term-Non-Agricultural Loan

Note 5 : Other Liabilities

Central Co-operative Banks CCR X (Food Credit) Balance with State Co-operative Banks

Particulars

SLPO Suspense Liabilities Clearing Tendered Demand Draft Payable Staff Gratuity Fund Staff Bonus & Exgratia Regional Provident Fund NCDC III Project Liabilities ACSTI Accounts Provision for Other Assets Provision for NPAs Income Tax Collected & Payable Contingent Provision against Standard Assets Payment of Salary Arrears Study Tour Incentives Income Tax Provision

Particulars

Note 6 : Cash and Bank Balances Cash on Hand

Balances with Banks : Reserve Bank of India State Bank of India State Bank of Mysore SB Account with GPO HDFC Bank CBLO A/c with CCIL Bank of Maharashtra

Note 7 : InvestmentsIn Central Government Securities: Book Value Face Value

Particulars

In State Government Securities: Book Value Face ValueShares in Co-operative Institutions: Book Value Face ValueOther Investments: Book Value Face Value

Particulars

Note 8 : AdvancesShort Term Loans: SAO - OC SAO - OPP SAO - NPDP Installment Loan Vehicle Loan Jewel Loan Consumer Durable Loan Staff Advance Apex Gold Apex Vruthipara Apex Personal Apex Travel

Bills Discounted

Cash Credit Accounts: CCR I CCR II

Particulars

CCR IIIC CCR IV CCR VII CCR VIII CCR IX CCR X CCR BDP

Overdrafts: Individuals Urban Banks Overdraft Staff Debit Balances in SB/CA A/cs

Co-Operative Socieities

Medium Term Loans: Schematic Non Agricultural NFS

Particulars

MT-PODF-PACS as MSCS Advance against Deposits Advance against Pledge of NSC/IVP Advance-Apex Pension Advance-Apex Women Advance-Apex Overdraft

Advance-Apex Rent

Long Term Loans: Apex BDA Housing Loan - Staff Housing Loan - Public Project Loan House Mortage Loan Long Term loans-nabard Education Loan

NCDC III Project: MCSM Ltd.,

Particulars

MCOM Ltd., SVCTM Ltd., RSNG Ltd.,

Note 9 : Fixed AssetsPremises (including Land):Opening WDVAdd : Additions during the yearLess : Sales during the year

Less : Depreciation for the yearLess : Depreciation on sale of assets

Particulars

Furnitures & Fixtures less Depreciation:Opening WDVAdd : Additions during the yearLess : Sales during the year


Computers less Depreciation:Opening balanceAdd : Additions during the yearLess : Sales during the year

Less : Depreciation upto previous yearLess : Depreciation for the yearLess : Depreciation on sale of assets

Particulars

Vehicles less DepreciationOpening WDVAdd : Additions during the yearLess : Sales during the year


Note 10 : Other Assets Sundry Assets Suspense Assets Income Tax Receivable Clearing Returns NCDC III Project Assets ACSTI A/cs Interest Receivable - GTS

Particulars

Advance Income Tax

47,97,44,753 7,73,06,000

18,90,16,82,929 8,02,01,20,900 13,89,50,70,896 21,89,88,66,798

5,18,57,78,710 53,06,77,258 52,30,782

53,78,98,553 26,77,29,213 1,72,54,17,313 2,66,54,63,487 40,11,765

45,16,00,00,000 1,60,00,00,000 1,29,00,00,000 20,88,20,07,727 3,49,44,58,129 1,75,14,85,814 37,30,94,192

16,51,13,73,059 87,035 1,91,172 - 5,46,81,333 1,00,000 3,41,63,365

12,20,00,66,553 12,40,21,30,000

12,96,86,21,715 12,65,20,50,000 15,15,66,000 15,15,66,000 7,11,45,75,000 6,98,00,00,000

55,44,91,54,000 2,22,24,99,000 2,63,70,00,000 90,60,63,702 12,93,85,730 3,05,19,36,643 - 3,90,15,274 - 51,85,531 38,795 94,314 25,000

10,00,00,000 1,86,29,253

- 1,69,14,226 30,00,00,000 31,49,723 2,47,05,49,534 7,50,00,00,000 -

6,14,823 - 13,56,43,930 31,251 18,95,690

3,50,49,66,829 4,67,55,88,764 1,75,14,85,814

37,28,72,292 15,14,12,673 2,15,914 12,359 47,388 15,95,11,200 2,24,956

6,44,806 17,69,15,395 1,31,65,42,206 1,85,19,61,418 1,86,22,82,930 16,90,56,90,799 1,86,03,431

5,29,336

88,79,036 5,33,156 5,14,000



4,18,94,32,500

3,71,83,00,000 - 47,11,32,500 4,18,94,32,500

4,49,89,92,482



55,70,50,753

19,00,74,389 2,03,84,646 38,14,85,818 14,15,89,727 6,32,91,850 29,55,148 43,85,581 23,27,724 11,16,437 1,66,78,285 2,75,00,000 10,63,20,263 57,86,000


2,07,04,054 28,30,000 1,89,09,106 - - 7,01,86,714 86,45,17,188 11,62,86,355 1,00,00,000 7,12,33,72,520

62,71,57,41,522


5,72,16,86,750

5,20,05,20,332

73,63,79,48,604


74,55,10,45,862

-

74,55,10,45,862

2,00,00,000 1,12,87,964


7,70,16,176 20,92,90,718 - 8,94,354 3,90,48,951 50,00,000 60,73,146 5,54,28,445 7,75,916 8,84,00,000 68,03,66,400 1,74,38,483 32,90,85,355 - 1,63,31,456 6,88,735 31,50,00,000

1,87,21,26,099


57,24,09,916

16,60,05,95,965

17,17,30,05,881

12,20,00,66,553


12,96,86,21,715

15,15,66,000

7,11,45,75,000

32,43,48,29,268


64,44,03,97,989


10,40,92,42,736

13,81,85,694


10,61,63,38,189

22,13,26,40,984


1,04,55,528

1,07,74,72,61,119

1,18,64,24,290


6,13,17,075

2,60,50,981


1,17,20,734

1,28,55,13,080

1,19,056 20,07,21,427 3,57,94,449 15,66,792 12,39,207 49,68,309 -


24,00,00,000 48,44,09,241

43,35,16,944 7,73,06,000

14,94,50,12,178 6,89,75,84,620 14,19,39,13,689 27,07,71,78,908

4,21,19,49,334 56,83,45,731 29,62,580

39,40,85,016 24,58,38,451 1,97,01,49,059 1,50,35,22,653 42,24,178

36,96,00,00,000 1,52,50,00,000 1,01,50,00,000 17,52,71,99,550 3,99,13,34,499 7,57,79,200 27,08,66,500

4,55,44,96,849 9,49,207 2,69,302 217 18,19,95,818 1,00,000 24,96,516

6,09,67,14,806 7,80,24,30,000

11,99,01,12,045 9,10,60,50,000 15,15,66,000 15,15,66,000 6,07,70,75,000 4,88,50,00,000

49,25,16,97,000 2,14,43,20,000 1,39,50,00,000 97,09,41,155 13,02,38,130 3,46,75,85,345 60,797 4,17,48,755 1,24,268 25,99,023 1,16,589 1,54,438 -

10,00,00,000 3,90,03,448

24,25,93,000 2,07,38,450 30,00,00,000 78,49,723 1,33,86,18,152 7,40,00,00,000 7,50,00,000

90,79,011 16,34,162 11,45,72,881 30,893

4,09,25,16,641 3,60,28,18,592 7,58,31,300

27,08,66,500 26,64,50,977 1,83,229 76,598 64,659 2,38,81,294

3,81,290 8,05,25,271 1,20,29,84,412 1,87,78,58,848 1,77,09,70,681 14,68,33,98,540 1,07,75,114

1,77,29,336

88,79,036 1,43,33,156 1,45,14,000

1,20,64,36,821 2,19,45,888

1,22,83,82,709 1,30,57,151 - 1,21,53,25,558

5,47,62,539 1,65,45,789 1,37,865 7,11,70,463 1,04,46,811 - 6,07,23,652

7,60,61,592 1,21,22,904 - 8,81,84,496 - 3,95,55,326 - 4,86,29,169

76,20,172 59,35,704 20,16,733 1,15,39,143 23,07,829 - 92,31,314



2,82,22,32,500

2,47,52,00,000 - 33,47,80,000 2,82,22,32,500

3,91,44,60,988



51,08,22,944

18,91,40,821 2,01,97,932 44,50,85,465 19,15,89,727 5,50,91,850 21,28,223 5,29,85,228 32,81,940 11,16,437 12,60,38,933 2,75,00,000 10,63,20,263 3,57,86,000


2,07,04,054 28,30,000 2,00,83,538 2,88,38,077 44,23,800 2,00,00,000 86,45,17,188 14,53,57,945 - 6,78,83,01,352

63,11,36,89,394


4,78,32,57,646

4,11,78,19,357

72,01,47,66,397


61,36,51,79,749

5,77,200

61,39,69,39,084

2,00,00,000 1,11,82,135


9,50,20,136 40,08,44,720 84,87,481 8,95,268 3,84,53,005 50,00,000 51,76,060 5,53,76,065 9,86,743 8,84,00,000 68,03,66,400 1,03,58,105 25,90,85,355 2,00,00,000 1,53,31,456 6,88,735 27,79,00,000

1,96,23,69,529


26,27,76,460

4,74,03,07,909

5,00,30,84,369

6,09,67,14,806


11,99,01,12,045

15,15,66,000

6,07,70,75,000

24,31,54,67,850


57,40,45,85,500


9,52,38,02,773

12,53,16,947


8,33,26,89,791

19,62,68,94,156


5,54,55,528

95,06,87,44,695

1,21,53,25,558


6,07,23,652

4,86,29,169


92,31,314

1,33,39,09,693

1,19,056 18,21,62,984 3,58,20,692 91,93,295 12,39,207 41,27,899 2,66,74,809


26,50,00,000 52,43,37,943



Particulars

Note 11 : Interest and Discount Interest on Loans & CCR

Interest on Investments-GTS Interest on Investments-Banks

Income from Sale of Bank Assets Incentives Received from RBI Excess Investment Depreciation Reserve Excess old Bad & Doubtful Debt Reserve

Note 12 : Commission and Brokerage

ParticularsBank Charges

Note 13 : Dividend and Miscellaneoous ReceiptsDividendMiscellaneous ReceiptsExcess Centenary Year Celebration FundProfit on Sale of Investments-GTS

Note 14 : Interest on Deposits & Borrowings Interest paid on Deposits Interest on Borrowings

Note 15 : Salaries, Allowances & Provident Fund Salaries Medical Expenses Staff Provident Fund

Particulars Gift to Staff Staff Bonus/Exgratia

Honorarium to President Honorarium to Vice President Directors' Fees and Allowances Study Tour to Directors

Note 17 : Rent, Taxes, Insurance & Electricity Charges Rent Building Tax Profession Tax Insurance Water and Light Filing Fee - Income Tax

Note 16 : Directors Fee, Local Committee Members fee and Allowances

Particulars

Note 18 : Postage and Telephone Postage Telephone

Note 19 : Audit fees Statutory Audit Fee Other Services

ParticularsNote 20 : Repairs to Bank Properties Repairs to Vehicles Repairs to Furniture Repairs to Buildings

Note 21 : Printing, Stationery and Advertisement Printing and Stationery Advertisement and Publicity

Note 22 : Other ExpenditureContribution to Kannada Sahitya ParishatAmortization of GOI SecuritiesCentenary Celebration ExpensesATM Charges

RBI RTGS Maintainence TA and Inspection Misceleneous expenditure

Particulars News Papers & Periodicals Vehicle Maintenance Consultancy Specialist Charges Training to Staff Guest House Contingency Subscription to Co-operative Institutions Subscription to other than Co-operative Institutions Computer Maintenance Hospitality Expenses Infrastructure Develop Assistance to Member Banks Loss on Sale of Bank Assests Loss on Sale of GOI Securities Uniform to Officers



1,69,54,19,192 1,28,35,99,868

9,50,911 7,88,331 5,00,00,000 14,00,00,000



7,28,94,88,550

2,97,90,19,060

19,17,39,242

10,46,02,46,852



1,18,99,073 1,18,99,073

3,01,30,000 4,77,82,030 78,38,077 - 8,57,50,106

5,11,10,49,894 3,71,23,84,884 8,82,34,34,778

39,99,91,099 45,01,829 4,46,30,422


1,98,44,639 80,48,107 47,70,16,096

3,25,000 1,95,000 69,21,432 31,900 74,73,332

1,85,98,810 27,51,166 1,13,163 3,41,23,376 71,26,892 4,71,089


6,31,84,496

4,28,482 36,17,726 40,46,208

10,00,000 7,18,875 17,18,875


8,13,148 2,38,304 44,62,705 55,14,157

34,01,680 97,58,497 1,31,60,177

1,00,00,000 7,51,28,214 33,85,224 22,88,492 3,07,554 64,05,252 1,79,25,439


11,57,480 46,58,017 23,03,798 27,900 1,06,195 6,04,500 1,74,425 5,16,15,150 58,58,941 2,48,25,004 - 86,60,000 41,04,923 21,95,36,508



1,59,36,55,498 1,29,22,80,796

18,766 36,78,885 - 8,15,00,000



7,09,49,34,380

2,88,59,36,294

8,51,97,651

10,06,60,68,325



1,20,27,407 1,20,27,407

3,01,78,750 5,16,57,577 - 3,10,20,000 11,28,56,327

5,46,36,25,776 3,38,73,74,372 8,85,10,00,148

29,64,29,578 38,07,180 3,20,26,913


28,44,000 10,12,098 33,61,19,769

1,85,000 1,05,000 55,23,723 1,41,667 59,55,390

1,64,88,498 17,22,045 1,10,000 2,84,23,152 73,31,823 1,64,776


5,42,40,294

4,50,452 30,22,262 34,72,714

7,97,870 13,60,987 21,58,857


12,06,298 66,423 36,34,146 49,06,867

39,04,084 63,31,951 1,02,36,035

- 6,89,54,463 -

41,725 52,71,132 1,18,71,525


11,92,331 34,22,437 16,19,734 81,066 1,82,089 5,93,800 81,461 1,81,16,786 51,85,943 2,41,10,004 5,87,166 - - 14,13,11,661

THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED … · Death Relief Fund Contingent Reserves...

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Transcript of THE KARNATAKA STATE CO-OPERATIVE APEX BANK LIMITED … · Death Relief Fund Contingent Reserves...