Financials

PERFORMANCE

AGROHA CO-OPERATIVE URBAN BANK LTD.
21-1-974, 2nd Floor, Opp High Court, Ghansi Bazar, Hyderabad-500 002

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2024
Particulars Schedule 31.03.2024 (Rs.) 31.03.2023 (Rs.)
I. INCOME
Interest Earned 11 7,31,73,918.66 6,39,09,967.74
Profit on Sale of Investment 1,47,000.00 15,93,500.00
Other Income 12 30,30,612.44 23,36,479.16
Total 7,63,51,531.10 6,78,39,946.90
II. EXPENDITURE
Interest Expended 13 4,82,65,566.44 4,26,23,403.62
Operating Expenses 14 1,68,89,442.09 1,69,50,766.50
Income Tax – Current Year 24,92,420.00 21,50,340.00
Deferred Tax 37,389.00 21,725.96
Provisions and Contingencies 12,66,977.27
Total 6,89,51,794.80 6,17,46,739.08
III. PROFIT
Net Profit for the Year 73,99,736.30 60,93,207.82
IV. APPROPRIATIONS
Add Excess Investment Depreciation Reserve 22,77,260.00
Add Excess NPA Provision 22,40,000.00
Profit for the Year 1,19,16,996.30 60,93,207.82
BALANCE SHEET AS ON 31ST MARCH 2024
Particulars Schedule 31.03.2024 (Rs.) 31.03.2023 (Rs.)
CAPITAL & LIABILITIES
Capital I 4,12,29,900.00 3,54,13,000.00
Reserves & Surplus 2 9,54,52,895.64 8,18,52,033.26
Deposits 3 73,57,67,863.27 59,97,07,771.35
Other Liabilities and Provisions 4 2,78,88,532.09 3,14,28,139.10
Deferred Tax Liability 51,314.96 13,925.96
Contingent Liabilities: Unclaimed Deposits – Inoperative Accounts 10,37,105.00 9,38,953.00
Contingent Liabilities: Unapplied Interest on NPA (Interest Suspense) 1,61,03,930.00 1,22,83,968.00
Administrative and Contingent Fund – 20,73,297.00
Total 91,70,31,540.96 75,49,80,387.67
ASSETS
Cash and Balances with RBI 5 3,33,50,480.89 2,88,60,392.29
Balances with Banks and Money at Call and Short Notice 6 80,06,31,910.00 6,58,62,183.86
Investments 7 26,98,28,464.00 25,90,45,961.00
Advances 8 49,80,31,227.43 37,10,44,768.46
Fixed Assets 9 40,67,377.38 10,61,191.46
Other Assets 10 1,39,81,045.46 1,22,49,672.60
Deferred Tax Asset –
Contingent Assets: Unclaimed Deposits with RBI 10,37,105.00 9,38,953.00
Contingent Assets: Interest Receivable on NPA 1,61,03,930.00 1,22,83,968.00
Administrative and Contingent Fund – 20,73,297.00
Total 91,70,31,540.96 75,49,80,387.67
 

As per our Report of even date
For Anantrao & Mallik Chartered Accountants (FRN:006266S)
Sd/- V Anant Rao (Partner, M.No. 022644)- UDIN: 24022644BKANSU5742
Sd/- Nandkishor Baheti(Chief Executive Officer), Sd/- Rajesh Kumar Agrawal (Director)
Sd/- Vijay Gupta (Vice-Chairman), Sd/- Ratan Gupta (Chairman)

Date: 14.05.2024
Place: Hyderabad