Dhakuria Co-operative Bank Ltd.

 

 

FINANCIAL POSITION:
A. Profit & Loss Account for the year ended 31st March, 2024      
Income and Expenditure As on 31/03/2021 As on 31/03/2022 As on 31/03/2023 As on 31/03/2024
In Rupees In Rupees In Rupees In Rupees
I. Income        
Interest earned 69624877.71 70314537.94 71314603.88 67637749.77
Other income 1541777.73 13770419.76 1885728.32 1805794.33
  71166655.44 84084957.70 73200332.20 69443544.10
II. Expenditure        
Interest expended 41486897.02 40856171.04 37974063.68 36752382.07
Operating expenses 19115358.02 18786082.98 17958185.20 17886187.85
Provisions & contingencies 3678185.79 3481492.00 8503146.45 3304700.00
  64280440.83 63123746.02 64435395.33 57943269.92
         
III. Profit/Loss        
Current Year Profit Become Tax 6886214.61 8561211.68 8764936.87 11500274.18
Less: Provision for Income Tax 2145380.00 2667979.00 2731540.00 3588085.00
Profit After Tax 4740834.61 5893232.68 6033396.87 7912189.18
Previous year Profit brought forward 1879335.44 2953378.91 3507836.59 4688449.60
  6620170.05 8846611.59 9541233.46 12600638.78
         
IV. Less: Appropriations        
Less: Appropriations        
Reserve fund@10% on Net Profit                                         791219.00        
Admission Fee                                                                            525.00 474640.00 589790.00 603937.00 791744.00
Bad Debt Fund @15% on Net Profit 711125.00 883985.00 905010.00 1186828.00
Co-Operative Education Fund 15000.00 15000.00 15000.00 15000.00
Building Fund 700000.00 700000.00 1000000.00 1000000.00
Member’s Welfare Fund 100000.00 100000.00 100000.00                                   -  
  4619405.05 6557836.59 6917286.46 9607066.78
Less:        
Investment Fluctuation Reserve        
Provision for Dividend : 3116105.00 3070000.00 3050000.00 3116105.00 3195079.00
Additions NPA Provisions 0.00 0.00 0.00 1000000.00
  1549405.05 3507836.59 3801181.46 5411987.78
Add:        
I.Tax Prov. AY 2006-07 to AY-2015-16 rev.as per Asstt. Order                          -                            -   -1181573.86                                   -  
I.Tax Prov. AY 2019-20 reversal .as per Asstt. Order                          -                            -   1271169.00                                   -  
I.Tax Prov. AY 2020-21 reversal .as per Asstt. Order                          -                            -   42517.00                                   -  
I.Tax Prov. AY 2021-22 reversal .as per Asstt. Order                          -                            -   755156.00                                   -  
Addi.I.Tax For Prov. AY 2023-24 as per Asstt. Order                          -   0.00 0.00 16516.00
  1549405.05 3507836.59 4688449.60 5395471.78
         
B. BALANCE SHEET as at 31st March, 2024      
Capital & Liabilities As on 31/03/2021 As on 31/03/2022 As on 31/03/2023 As on 31/03/2024
In Rupees In Rupees In Rupees In Rupees
Capital 25486180.00 25393670.00 25967545.00 26625655.00
Reserve and Surplus 75030118.89 80796411.57 92545688.03 98153580.21
Deposits & other Accounts 815899341.00 826600610.50 782298741.09 765728156.99
Other Liabilities & Provisions 66710014.85 76056263.26 64993112.29 76631364.50
         
  983125654.70 1008846955.00 965805086.41 967138756.70
         
Assets        
Cash & Balances with Reserve Bank of India, 73772543.12 77027516.98 75021891.98 47001158.39
State Bank of India, State Co-op. Bank
& Central Co-op. Bank
Balance with Banks and Money At Call 186068682.50 184619236.60 92132497.92 110211128.60
& Short Notice
         
Investments 350051262.00 407572110.00 498383973.00 522713209.00
Advances 322147952.20 283390125.60 255689362.50 243595977.58
Fixed Assets 16710235.00 17097426.00 16772669.56 16673670.72
Other Assets 34374979.97 39140540.10 27804691.43 26943612.41
         
  983125654.70 1008846955.00 965805086.40 967138756.70