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TMI BlogFORM OF FINANCIAL STATEMENTSX X X X Extracts X X X X X X X X Extracts X X X X ..... nts (b) Administrative Expenses (Corresponding to Sch. XIX) (ii) In Deposit Accounts II. Payment made against funds for various projects (iii) Saving Accounts II. Grants Received (Name of the fund or project should be shown along with the particulars of payment made for each project (d) From Government of India (e) From State Government (f) From Other Sources (Details) (Grants for Capital and Revenue Expenditure to be shown separately) III. investments and Deposits Made a) Out of Earmarked /Endowment funds III Income on Investment from b) Out of own Funds (Investment-others) (a) Earmarked/Endow Funds (b) Own Funds (Other investments) IV. Expenditure on Fixed Assets Capital Work-in- Progress IV. Interest Received a) Purchase of fixed Assets (i) On Bank deposits b) Expenditure on Capital Work-in - progress (ii) Loans, advances etc. V. Refund of surplus money/Loans a) To the Government of India V. Other Income (Specify) b) To the State Government c) To other providers of funds VI) Finance Charges (Interest) VI. Amount Borrowed. VII) Other Payments (Specify) VIII. Closing Balances VII. Any other receipts (give details) a) Cash in Hand b) Bank Balances (i) In Current Accounts (ii) In De ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Funds. SCHEDULE - IV SECURED LOANS AND BORROWINGS (Amount Rs.) Current Year Previous Year 1. Central Government 2. State Government (Specify) 3. Financial Institutions a) Terms Loans b) Interest accrued and due 4. Banks a) Term Loans - Interest accrued and due b) Other Loans (specify) - Interest accrued and due 5. Other Institutions and Agencies 6. Debentures and bonds 7. Others (Specify) TOTAL Note: Amounts due within one year SCHEDULE V UNSECURED LOANS AND BORROWINGS (Amount - Rs.) Current Year Previous Year 1. Central Government 2. State Government 3. Financial Institutions 4. Banks: a) Term Loans b) Other Loans (specify) 5. Other Institutions and Agencies 6. Debentures and Bonds 7. Fixed Deposits 8. Others (specify) TOTAL Note: Amounts due within one year SCHEDULE - VI DEFERRED CREDIT LIABILITIES (Amount - Rs.) Current Year Previous Year 1. Acceptances secured by hypothecation of capital equipment and other assets. 2. Others TOTAL Note: Amounts due within one year SCHEDULE VII CURRENT LIABILITIES AND PROVISIONS (Amount - Rs.) Current Year Previous Year A. CURRENT LIABILITIES 1. Acceptances 2. Sundry creditors:- a. For Goods b. Others 3. Advances Received 4. Interest accrued bu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncies 4) Institutions/Welfare Bodies 5) International Organisations 6) Others (Specifiy) TOTAL SCHEDULE XIV FEES/SUBSCRIPTIONS (Amount-Rs.) Current Year Previous Year 1) Entrance Fees 2) Filing Fees 3) Seminar/Programme Fees 4) Consultancy Fees 5) Others (Specify) TOTAL Note Accounting Policies towards each item are to be disclosed SCHEDULE XV INCOME FROM INVESTMENTS (Income on Invest. From Earmarked/Endowment Funds transferred to Funds) (Amount-Rs.) Investment from Earmarked Fund Investment - Others Current Year Previous Year Current Year Previous Year 1) Interest a) On Govt. Securities b) Other Bonds/Debetures 2) Dividends a) On Shares b) On Mutual Fund Securities 3) Rents 4) Others (Specify) Total Transferred to Earmarked/Endowment Funds SCHEDULE - XVI INCOME FROM ROYALTY, PUBLICATION ETC. (Amount-Rs.) Current Year Previous Year 1) Income from Royalty 2) Income from Publications 3)T Others (Specifiy) TOTAL SCHEDULE - XVII INTEREST EARNED (Amount-Rs.) Current Year Previous Year 1) On Term Deposits: a) With Scheduled Banks b) With Non-Scheduled Banks c) With Institutions d) Others 2) On Savings Accounts: a) With Scheduled Banks b) With Non-scheduled Banks c) Post Office Savings Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T MARCH, 20 SCHEDULE - XXV SIGNIFICANT ACCOUNTING POLICIES (Illustrative) 1. ACCOUNTING CONVENTION The financial statements are prepared on the basis of historical cost convention, unless otherwise stated and on the accrual method of accounting. 2. INVESTMENTS 2.1 Investments classified as long term investments are carried at cost. Provision for decline, other than temporary, is made in carrying cost of such investments. 2.2 Investments classified as Current are carried at lower of cost and fair value. Provision for shortfall on the value of such investments is made for each investment considered individually and not on a global basis. 2.3 Cost includes acquisition expenses like brokerage, transfer stamps. 3. FIXED ASSETS 3.1 Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental and direct expenses related to acquisition. In respect of projects involving construction, related pre-operational expenses (including interest on loans for specific project prior to its completion), form part of the value of the assets capitalized. 3.2 Fixed Assets received by way of non-monetary grants, (other than towards the Corpus Fund), are capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .________(Previous year Rs._________). - Bills discounted with banks Rs.________(Previous year Rs.________). 1.3 Disputed demands in respect of: 1.4 In respect claims from parties for non-execution of orders, but contested by the Entity - Rs.________(Previous year Rs._________). 2. CAPITAL COMMITMENTS Estimated value of contracts remaining to be executed on capital account and not provided for (net of advances) Rs. (Previous year Rs._________). 3. LEASE OBLIGATIONS Future obligations for rentals under finance lease arrangements for plant and machinery amount to Rs._________(Previous year Rs._________). 4. CURRENT ASSETS, LOANS AND ADVANCES In the opinion of the Management, the current assets, loans and advances have a value on realization in the ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet. 5. TAXATION In view of there being no taxable income under Income-tax Act 1961, no provision for Income tax has been considered necessary. Current Year Previous Year 6. FOREIGN CURRENCY TRANSACTIONS 6.1 Value of Imports calculated on C.I.F Basis: - Purchase of finished Goods - Raw Materials Components (Including in transit) - Capital Goods - Stor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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