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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

 


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