Interest due
10. 4. Other Institutions and Agencies
11. 5. Debentures and bonds
12. 6. Others (Specify)
13. TOTAL Note: Amounts due within one year
SCHEDULE — V [see sub-rule (1) of rule 5] UNSECURED LOANS AND BORROWINGS Amount in Rs.
Current Year Previous Year 2 Central Government Financial Institutions Banks a) Term Loans b) Other Loans Other Institutions and Agencies Debentures and bonds Fixed its Others (S TOTAL Note: Amounts due within one ear
SCHEDULE — VI [see sub-rule (1) of rule 5] DEFERRED CREDIT LIABILITIES A (Amount in Rs.)
Previous Year SL No. Current Year Q) (2) (3) (4)
1. Acceptances secured by hypothecation of capital equipment and other assets
2. Others
3. TOTAL Note: Amounts due within one year 26 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
SCHEDULE - VII [see sub-rule (1) of rule 5] CURRENT LIABILITIES AND PROVISIONS (Amount in Rs.)
Current Year Previous Year 2 3 4 A. CURRENT LIABILITIES A tances S creditors:- a). For Goods b). Others Advances Received Interest accrued but not due on:
a) Secured Loans/borrowi b) Unsecured Loans/borrowi Statutory Liabilities:
a) Overdue b) Others
7. Other Current Liabilities
8. TOTAL (A
9. B. PROVISIONS
10. For Taxation
11. Gratui'
12. S uation/Pension
13. Accumulated Leave Encashment
14. Trade Warranties/Claims
15. Others (S
16. TOTAL
17. TOTAL (A +B Cost of assets on hire purchase basis included above
SCHEDULE — VII [see sub-rule (1) of rule 5) FIXED ASSETS (Amount in Rs.)
SL GROSS BLOCK DEPRECIATION FOR THE YEAR NET BLOCK No.
Description Cost at the | Additions | Deductions/ | Cost |As at the | During | Deductions/ | Total | As atthe | As at the beginning | during the | adjustments | at beginning | the adjustments |up to| current | previous of the year | year during the|the | of the year | year during the | the year end | year end year year year year end end qd) Q) 3) (4) (3) (6) (7) (8) (9) 0) | C1) (12) . |A. fixed Assets
2. |Land
3. | (a) Freehold
(b) Leasehold . | Buildings
5. |(a) On Freehold Land
(b) On Leasehold Land
(c) Ownership Flat/ Premises
(d) Superstructures on Land not belonging to the entity [art II—ave 3(i)] ART PT UST: TATA 27
6. |Plant Machinery & Equipment
7. | Vehicles
8. | Furniture & Fixture
9. | Office Equipment
10. | Computers/ Peripherals
11. | Electrical Installations
12. | Library Books
13. |Tube wells & Water Supply
14. | Other Fixed Assets
15. | Total of Current year
16. | Total of previous year
17. |B. Capital work in progress
18. | TOTAL Note: To be given as to cost of assets on hire purchase basis included above
SCHEDULE — IX [See sub-rule (1) of rule 5] INVESTMENTS FROM EARMARKED/ENDOWMENT FUNDS (Amount in Rs.)
Current Year Previous Year 3 4 In Government Securities Other Shares ved Securities Debentures and Bonds Subsidiaries and Joint Ventures Others (to be s TOTAL
SCHEDULE — X [See sub-rule (1) of rule 5] INVESTMENTS — OTHERS (Amount in Rs.)
SIL No. Current Year Previous Year
(1) (2) (3) (4)
1. In Government Securities 28 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] Other approved Securities Shares By ) Y Debentures and Bonds wn Subsidiaries and Joint Ventures Others (to be specified) TOTAL
SCHEDULE — XI [See sub-rule (1) of rule 5] CURRENT ASSETS, LOANS, ADVANCES ETC.
(Amount in Rs.)
SL Current Year Previous Year dd) (2) 3) (4) CURRENT ASSETS, LOANS, ADVANCES ETC.
Current Assets:
Debts:
(a) Debts Outstanding for a period exceeding six months
(b) Others Cash balances in hand (including cheques/ drafts and imprest) Bank Balances:
(a) With Scheduled Banks:
(i) In current accounts
(ii) In deposit accounts
(iii)In savings accounts
(b) With Non-Scheduled Banks:
(i) In current accounts
(ii) In deposit accounts
(iii) In savings accounts Post Office - Savings Accounts TOTAL (A) LOANS, ADVANCES AND OTHER ASSETS D o s y e Loans to:
(a) Staff
(b) Other Entities engaged in activities/ objectives similar to that of the entity
(c) Other (specify) Advances and other amount recoverable in cash or in kind or for value to be received:
(a) On capital account
(b) Prepayments
(c) Others Income Accrued
(a) On investments from Earmarked/ Endowment fund
(b) On investment - others
(c) On loans and advances Others (includes income due unrealized Rs. ..... )
10. Inventories (may include Stationery, Stores etc.)
11. Claims Receivable
12. TOTAL (B)
13. TOTAL (A+B) [ArT [Lave 3(i)] AIST BT UIST | TATATSY 29
SCHEDULE — XII [See sub-rule (1) of rule 5] GRANTS/SUBSIDIES (Irrevocable Grants & Subsidies Received) (Amount in Rs.)
SL No. Current Year Previous Year qd) (2) (3) (4)
1. Central Government
2. Government Agencies
3. Institutions/ Welfare Bodies
4. International Organisations
5. Others (Specify)
6. TOTAL
SCHEDULE - XII (See sub-rule(1) of rule 5) FEES / SUBSCRIPTIONS (Amount in Rs.)
SL No. Current Year Previous Year qd) (2) (3) (4)
1. Entrance Fees
2. Filing Fees
3. Seminar/ Program Fees
4. Consultancy Fees
5. Others (Specify)
6. TOTAL Note - Accounting Policies towards each item are to be disclosed
SCHEDULE — XIV [See sub-rule (1) of rule 5] INCOME FROM INVESTMENTS (Income on Invest. From Earmarked/ Endowment Funds transferred to Funds) (Amount in Rs.)
SL No. Investment from Earmarked Fund Investment - Others Current Year Previous Year Current Year | Previous Year () (2) (3) (4) (5) (6)
1. Interest a) On Government Securities b) Other Bonds/ Debentures
2. 2. Dividends a) On Shares b) On Mutual Fund Securities
3. Rents 4, Others (Specify)
5. TOTAL 30 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
SCHEDULE XV [See sub-rule (1) of rule 5] INCOME FROM ROYALTY, PUBLICATION ETC.
(Amount in Rs.)
Current Year Previous Year 3 4 Income from Ro Income from Publications Others (S TOTAL
SCHEDULE XVI [See sub-rule (1) of rule 5] INTEREST EARNED (Amount in Rs.)
SL No. Current Year Previous Year () (2) (3) (4)
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 Accounts
(d) Others
3. On Loans
(a) Employees/Staff
(b) Others . Interest on Debtors and Other Receivables
5. TOTAL Note - Tax deducted at source to be indicated
SCHEDULE — XVII [See sub-rule (1) of rule 5] OTHER INCOME (Amount in Rs.)
SL Current Year Previous Year No.
() (2) (3) (4)
1. Profit on Sale/disposal of Assets
(a) Owned Assets
(b) Assets acquired out of grants, or received free of cost
2. Fees for Miscellaneous Services Miscellaneous Income
4. TOTAL » [ArT [Lave 3(i)] AIST BT UIST | TATATSY 31
SCHEDULE XVIII [See sub-rule (1) of rule 5] ESTABLISHMENT EXPENSES (Amount in Rs.)
SL No. Current Year Previous Year @) (2) (3) (4) a) | Salaries and Wages b) | Allowances and Bonus c) | Contribution to Provident Fund d) | Contribution to Other Fund (specify) e) | Staff Welfare Expenses f) _| Expenses on Employees' Retirement and Terminal Benefits g) | Others (Specify) TOTAL
SCHEDULE XIx [See sub-rule (1) of rule 5] OTHER ADNIMISTRATIVE EXPENSES (Amount in Rs.)
SL No. Current Year Previous Year
(1) (2) (3) (4)
(a) | (a) Purchases
(b)_| (b) Labour and processing expenses
(c) | (c) Cartage and Carriage Inwards
(d) | (d) Electricity and power
(e) | (e) Water charges
(f) | (f) Insurance
(g)_| (g) Repairs and Maintenance
(h) | (h) Rent, Rates and Taxes
(i) _| @ Vehicles Running, Maintenance or Hiring charges G) | G Postage, Telephone and Communication charges
(k)_| (k) Printing and Stationery ()__| (@) Travelling and Conveyance Expenses
(m) | (m) Expenses on Seminar/ Workshops
(n)_| (n) Subscription Expenses
(o) | (0) Expenses of fee
(p)_| (p) Auditors Remuneration/ Legal fee
(q)_| (q) Hospitality Expenses
(rt) _| G@) Professional Charges
(s)_| (s) Provision for Bad and Doubtful Debts/ Advances
(t) | (t) Irrecoverable Balances written -off
(u)_| (u) Packing Charges
(v)_| (vy) Freight and Forwarding Expenses
(w) | (w) Distribution Expenses
(x)_| (x) Advertisement and Publicity
(y)_| Cy) Others (to be specified) | TOTAL
SCHEDULE XX [See sub-rule (1) of rule 5] EXPENDITURE ON GRANTS, SUBSIDIES ETC.
(Amount in Rs.)
SL Current Year Previous Year No.
@) (2) (3) (4)
(a) Grants given to Institutions/ Organisations
(b) Subsidies given to Institutions/ Organisations TOTAL Note: Name of the Entities, their Activities along with the amount of Grants/ subsidies are to be disclosed.
32 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
SCHEDULE XXI [See sub-rule (1) of rule 5] INTEREST (Amount in Rs.)
SL. Current Year Previous Year No.
() (2) (3) (4)
(a) On Fixed Loans
(b) On Other Loans (including Bank Charges)
(c) Others (specify) TOTAL
SCHEDULE - XXII [See sub-rule (1) of rule 5] 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 capitalized at values stated, by corresponding credit to Capital Reserve.
4. DEPRECIATION
4.1 Depreciation is provided on straight-line method as per rates specified in the Income-tax Act, 1961 except depreciation on cost adjustments arising on account of conversion of foreign currency liabilities for acquisition of fixed assets, which is amortized over the residual life of the respective assets.
4.2 In respect of additions to/deductions from fixed assets during the year, depreciation is considered on pro-rata basis.
4.3 Assets consisting Rs. 5,000 or less each are fully provided.
5. MISCELLANEOUS EXPENDITURE Deferred revenue expenditure is written off over a period of 5 years from the year it is incurred.
6. ACCOUNTING FOR SALES Sales include excise duty and are net of sales returns, rebate and trade discount.
7. GOVERNMENT GRANTS/SUBSIDIES
7.1 Government grants of the nature of contribution towards capital cost of setting up projects are treated as Capital Reserve.
[art are 3(i)] AIT BT UST | SATA 33
7.2 Grants in respect of specific fixed assets acquired are shown as a deduction from the cost of the related assets.
7.3 Government grants/subsidy are accounted on realization basis.
8. FOREIGN CURRENCY TRANSACTIONS
8.1 Transactions denominated in foreign currency are accounted at the exchange rate prevailing at the date of the transaction.
8.2 Current assets, foreign currency loans and current liabilities are converted at the exchange rate prevailing as at the year end and the resultant gain/loss is adjusted to cost of fixed assets, if the foreign currency liability related to fixed assets, and in other cases is considered to revenue.
9, LEASE Lease rentals are expensed with reference to lease terms.
10. RETIREMENT BENEFITS
10.1 Liability towards gratuity payable on death/retirement of employees is accrued based on actuarial valuation.
10.2 Provision for accumulated leave encashment benefit to the employees is accrued and computed on the assumption that employees are entitled to receive the benefit as at each year end.
SCHEDULE -— XXIII [See sub-rule (1) of rule 5] CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS (lllustrative)
1. CONTINGENT LIABILITIES
1.1 Claims against the Entity not acknowledged as debts-Rs._ (Previous yearRs.___——i*d
1.2 In respect of:
- Bank guarantees given by/on behalf of the Entity -Rs.___—————((Previous year Rs. ).
- Letters of Credit opened by Bank on behalf of the Entity -Rs.___——((Previous year Rs.___i—).
- Bills discounted with banks Rs.___———((Previous yearRs._____—i—+).
1.3 Disputed demands in respect of:
Income-tax Rs. (Previous YearRs._ id;
G.S.T.Rs. (Previous Year Rs. ) Municipal TaxesRs._ (Previous YearRs. )
1.4 In respect of claims from parties for non-execution of orders, but contested by the Entity-Rs.___———(Previous yearRs.___i*d:ztw.
2. CAPITAL COMMITMENTS Estimated value of contracts remaining to be executed on capital account and not provided for (net of advances) Rs.
(Previous yearRs.____—=*d.=.
3. LEASE OBLIGATONS Future obligations for rentals under finance lease arrangements for plant and machinery amount to Rs. (Previous yearRs.__—_—i*dszw
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.
34 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
6. FOREIGN CURRENCY TRANSACTIONS
6.1 Value of Imports calculated on C.LF Basis:
- Purchase of finished Goods - Raw Materials & Components (Including in transit) - Capital Goods - Stores, Spares and Consumables
6.2 Expenditure in foreign currency:
- Travel - Remittances and Interest payment to Financial Institutions/ Banks in Foreign Currency - Other Expenditure:
e Commission on Sales e Legal and Professional Expenses e Miscellaneous Expenses
6.3 Earnings:
6.4 Remuneration to auditors: As auditors:
e Taxation matters e For management services e = For certification e Others
7. Corresponding figures for the previous year have to be regrouped/ rearranged, wherever necessary.
8. Schedules I to XXXIII are annexed to and form an integral part of the Balance Sheet as at the Income and Expenditure Account for the year ended on that date.
[F.No. A-60011/97/2019-Admn.ITI(LA)(Pt. 1)] SUNITA ANAND, Jt. Secy. & Legal Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.