Dhakuria Co-operative Bank Ltd.

 Financial Position:   Investors are Invited to check our Financials

  Financial facts & figure and trend

A. Profit & Loss Account for the year ended 31st March, 2020

Income and Expenditure

Schedule
 

As at 31/03/20
....... Rs. .....

As at 31/03/19
....... Rs. .....

I. Income

 

 

 

   Interest earned

11

 70460738.82

 65784410.78

   Other income

12

 2218366.31

 2055058.33

 

 

 72679105.13

 67839469.11

II. Expenditure

 

 

 

    Interest expended

13

 43255713.53

 42279060.47

    Operating expenses

14

 21294983.73

 20067509.60

    Provisions & contingencies

15

1310925.00

 1165251.00

 

 

 65861622.26

 63511821.07

 

 

 

 

III. Profit/Loss

 

 

 

     Current Year Profit Become Tax

 

 6817482.87

 4327648.04

    Less: Provision for Income Tax

 

 2124000.00

 2274509.00

    Profit After Tax

 

 4693482.87

 2053139.04

    Previous year Profit brought forward

 

 2323361.57

 4459587.53

 

 

 7016844.44

 6512726.57

 

 

 

 

IV. Less: Appropriations

 

 

 

     Less: Appropriations

 

 

 

     Reserve fund@10% on Net Profit                   469348.00

 

 

 

     Admission Fee                                                   14139.00

 

 483487.00

 206394.00

     Bad Debt Fund @15% on Net Profit

 

 704022.00

 307971.00

     Co-Operative Education Fund

 

 15000.00

 15000.00

     Member’s Welfare Fund

 

 100000.00

 0.00

 

 

 5714335.44

 5983361.57

Less:

 

 

 

Investment Fluctuation Reserve                     835000.00

 

 

 

Provision for Dividend                                    3000000.00

 

 3835000.00

 3660000.00

 

 

 1879335.44

 2323361.57

B. BALANCE SHEET as at 31st March, 2020

C a p i t a l & L i a b i l i t i e s

Schedule
 

As at 31/03/20
....... Rs. .....

As at 31/03/19
....... Rs. .....

Capital

 1

 25123390.00

 23206510.00

Reserve and Surplus

 2

 70835770.42

 68899287.55

Deposits & other Accounts

 3

 768079368.69

 737808371.55

Other Liabilities & Provisions

 4

 74489534.14

 66933487.60

 

 

 

 

 

 Total

 938528063.25

 896847656.70

 

 

 

 

Assets

 

 

 

Cash & Balances with Reserve Bank of India,
State Bank of India, State Co-op. Bank
& Central Co-op. Bank 

 5

 67047937.34

 62283983.45

Balance with Banks and Money At Call
& Short Notice

 6

 183583157.04

 158339517.44

 

 

 

 

Investments

 7

 294543462.00

 329261387.00

Advances

 8

 325089186.23

 284899485.52

Fixed Assets

 9

 16899162.00

 17176190.00

Other Assets

 10

 51365158.64

 44887093.29

 

 

 

 

 

Total

 938528063.25

 896847656.70

C. AUDITOR’S CERTIFICATE :
In our opinion, to the best of our information and according to the explanations given to us, the Bank has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2020, based on internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
ZAHRAH TAHUR & ASSOCIATES
Chartered Accountants,
Date : 26/08/2020