Performance

AGROHA CO-OPERATIVE URBAN BANK LIMITED

21-1-974, Opp. High court, Gansi Bazar, Hyderabad

SIGNIFICANT ACCOUNTING POLICIES
 AGROHA CO-OPERATIVE URBAN BANK LIMITED
BALANCE SHEET AS ON 31ST MARCH 2019
Schedule  31.03.2019  31.03.2018
Rs. Rs.
CAPITAL & LIABILITIES
 Capital 1        32,896,600.00              31,491,700.00
 Reserves & Surplus 2        67,924,967.64              65,036,284.79
 Deposits 3      544,421,279.95            492,662,905.13
 Other liabilities and provisions 4        26,571,208.52              25,020,642.82
 Deferred Tax Liability                               –  –
 TOTAL:      671,814,056.11            614,211,532.74
 ASSETS
 Cash and Balances with R B I 5           9,833,608.60              10,601,523.00
 Balances with banks and money at call and short  Notice 6        69,370,470.83              73,257,101.78
 Investments 7      222,821,189.00            169,346,750.00
 Advances 8      356,454,093.02            348,641,660.65
 Fixed Assets 9           2,414,688.71                2,970,131.58
 Other Assets 10        10,740,961.55                9,139,610.50
 Miscellaneous Expenditure 11              112,027.40                   187,738.23
 Deferred Tax Asset                67,017.00                      67,017.00
 TOTAL: 671,814,056.11            614,211,532.74
 Contingent Liabilities:  Unclaimed Deposits with RBI              591,095.00                   558,433.00
 Contingent liabilities: Bank Guarantees                               –                   340,000.00
 AGROHA CO-OPERATIVE URBAN BANK LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2019
     
Schedule  31.03.2019  31.03.2018
Rs. Rs.
 I. INCOME
    Interest earned 12        60,353,293.26              57,889,766.65
    Other income 13           1,898,029.86                1,965,562.58
 TOTAL:        62,251,323.12              59,855,329.23
 II. EXPENDITURE
     Interest expended 14        39,329,973.22              39,337,218.64
     Operating expenses 15        12,016,560.84              10,803,253.60
     Income tax Paid           3,095,865.00                3,030,644.00
     Provisions and contingencies           1,198,435.20                    (31,842.00)
 TOTAL:        55,640,834.26              53,139,274.24
 III. PROFIT
 NET PROFIT FOR THE YEAR           6,610,488.86                6,716,054.99
 IV. APPROPRIATIONS
 a)  Statutory Reserve Fund           1,652,622.22                1,679,013.75
 b)  Co-operative Education Fund              229,213.00                   189,801.00
 c)  Common Good Fund                66,098.00                      67,160.00
 d)  Staff Welfare Fund                66,098.00                      67,160.00
 e)  Proposed Dividend (14%)           4,466,270.00                4,065,159.00
 f)  Balance to  General Reserve Fund              130,187.64                   647,761.24
 TOTAL:           6,610,488.86                6,716,054.99
 Significant Accounting Policies 16
 Notes to Accounts 17
SCHEDULE – 1
 CAPITAL
 31.03.2019  31.03.2018
 Rs.  Rs.
 AUTHORISED SHARE CAPITAL:
 “A” Class Shares  10,00,000
 of Rs.100/- each      100,000,000.00            100,000,000.00
  (Previous Year: 10,00,000 Shares)
 PAID UP SHARE CAPITAL:
 “A” Class shares 3,28,966   of Rs.100/- each fully        32,896,600.00              31,491,700.00
  paid (Previous Year: 3,14,917 Shares)
 TOTAL:        32,896,600.00              31,491,700.00
 SCHEDULE – 2
 RESERVES & SURPLUS
 31.03.2019  31.03.2018
 Rs.  Rs.
 STATUTORY RESERVE FUND
 Opening Balance 25,509,143.19 23,830,129.44
 Addition during the year 1,652,622.22 1,679,013.75
27,161,765.41              25,509,143.19
 EDUCATION FUND
 Opening Balance 1,600,665.00 1,548,505.00
 Addition during the year 229,213.00 189,801.00
 Less: Paid during the year                80,192.00                   137,641.00
1,749,686.00                1,600,665.00
 COMMON GOOD FUND
 Opening Balance 543,616.79                   513,456.79
 Addition during the year 66,098.00                      67,160.00
 Less: Paid during the year                25,000.00                      37,000.00
584,714.79 543,616.79
 GENERAL RESERVE
 Opening Balance 35,433,921.80              34,201,839.87
 Add.Transfer from P&L A/c. 130,187.64                   647,761.24
 Add. Forfeiture of Dividend 548,819.00                   583,440.70
 Add. Transfer Entrance fee 1,010.00                           880.00
36,113,938.45              35,433,921.80
 SPECIAL RESERVE U/s 36(1)(VIII)
 Opening Balance 1,948,938.00                1,948,938.00
 Addition during the year 365,925.00 0.00
2,314,863.00                1,948,938.00
 TOTAL: 67,924,967.64 65,036,284.79
SCHEDULE – 3
 DEPOSITS
 31.03.2019  31.03.2018
 Rs.  Rs.
      I.  Current Deposits
          (i) From banks                               –                                    –
          (ii) From others        20,748,878.76              62,629,059.81
     II. Savings Bank Deposits        38,068,982.19              62,098,052.32
    III. Term Deposits
          (i) From banks                               –                                    –
          (ii) From others      485,603,419.00            367,935,793.00
 TOTAL :      544,421,279.95            492,662,905.13
 SCHEDULE – 4
 OTHER LIABILITIES AND PROVISIONS
 31.03.2019  31.03.2018
 Rs.  Rs.
 I.  Interest Provision on FDR                               –                   185,181.00
 II. Others (including Provisions)        26,571,208.52              24,835,461.82
 TOTAL:        26,571,208.52              25,020,642.82
 SCHEDULE – 5
 CASH AND BALANCES WITH RESERVE BANK OF INDIA
 31.03.2019  31.03.2018
 Rs.  Rs.
 I. Cash in hand           9,833,608.60              10,601,523.00
 II. Balances with Reserve Bank of India
    (i) in Current Account  –  –
    (ii) in Other Accounts  –  –
 TOTAL:           9,833,608.60              10,601,523.00
 SCHEDULE – 6
 BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
 31.03.2019  31.03.2018
 Rs.  Rs.
     (i) Balances with Banks
         (a) in Current Accounts        48,299,664.83              47,186,295.78
         (b) in Deposit Accounts        21,070,806.00              26,070,806.00
     (ii) Money at Call & Short Notice  –  –
 TOTAL:        69,370,470.83              73,257,101.78
 SCHEDULE – 7
 INVESTMENTS
 31.03.2019  31.03.2018
 Rs.  Rs.
   (i)  Government Securities      170,821,189.00            139,346,750.00
   (ii) Other Approved Securities  –  –
   (iii) Shares/Mutual funds        52,000,000.00              30,000,000.00
   (iv) Debentures and Bonds  –  –
   (v) Subsidiaries and / or Joint Ventures  –  –
   (vi) Others  –  –
 TOTAL:      222,821,189.00            169,346,750.00
 SCHEDULE – 8
 ADVANCES
 31.03.2019  31.03.2018
 Rs.  Rs.
 A.  (i)  S T Overdraft                               –                                    –
      (ii) Cash Credits, Overdrafts and Loans repayable on demand      282,935,911.82            239,142,149.85
      (iii) Term Loans        73,518,181.20            109,499,510.80
        Total:      356,454,093.02            348,641,660.65
 B.  (i)  Secured by Tangible assets      355,612,970.02            348,026,235.65
      (ii) Covered by bank / government guarantees                               –                                    –
      (iii) Unsecured              841,123.00                   646,359.00
         Total:      356,454,093.02            348,672,594.65
 C.  I. Advances in India
         (i) Priority sectors      292,329,949.74            277,807,577.00
         (ii) Public sector  –  –
         (iii) Banks  –  –
         (iv) Others        64,124,143.28              70,865,017.65
          Total:      356,454,093.02            348,672,594.65
      II. Advances Outside India  –  –
 GRAND TOTAL (C. I & C.II):      356,454,093.02            348,641,660.65
 SCHEDULE – 9
 FIXED ASSETS
 31.03.2019  31.03.2018
 Rs.  Rs.
 1. Furniture & Fixtures
     At cost as on 31st March of the preceding year 2,334,395.89                2,593,773.21
     Additions during the year 0.00                                    –
     Depreciation to date 233,439.59                   259,377.32
2,100,956.30 2,334,395.89
 2. Electricals Fittings
     At cost as on 31st March of the preceding year 285,886.75                   317,651.95
     Additions during the year 48,850.00 0.00
     Depreciation to date 33,473.68                      31,765.20
301,263.07 285,886.75
 3. Computers
      At cost as on 31st March of the preceding year 340,486.94                   722,954.54
      Additions during the year 0.00                        9,322.00
       Depreciation to date 337,379.60                   391,789.60
3,107.34                   340,486.94
 4. Library Books
     At cost as on 31st March of the preceding year 9,362.00                        9,362.00
     Additions during the year 0.00 0.00
9,362.00                        9,362.00
 TOTAL: 2,414,688.71                2,970,131.58
 SCHEDULE – 10
 OTHER ASSETS
 31.03.2019  31.03.2018
 Rs.  Rs.
 I.    Interest accured on Investments           4,918,989.00                2,993,339.00
 II.   Tax paid in advance/Tax Deducted at Source           2,950,000.00                3,075,000.00
 III.  Stationery and Stamps              191,263.80                   162,459.50
 IV. Others           2,680,708.75                2,908,812.00
 TOTAL:        10,740,961.55                9,139,610.50
 SCHEDULE – 11
 MISCELLANEOUS EXPENDITURE
 31.03.2019  31.03.2018
 Rs.  Rs.
   (To the Extent not Written off or adjusted)
  I  Premium paid on Govt. Securities              112,027.40                   187,738.23
 TOTAL:              112,027.40                   187,738.23
 SCHEDULE – 12
 INTEREST EARNED
 31.03.2019  31.03.2018
 Rs.  Rs.
 I. Interest Collected on Advances        41,489,801.90              37,643,238.00
 II. Interest Income on investments        18,863,491.36              20,246,528.65
 III. Others                               –                                    –
 TOTAL:        60,353,293.26              57,889,766.65
16
 SCHEDULE – 13
 OTHER INCOME
 31.03.2019  31.03.2018
 Rs.  Rs.
 I. Commission, Exchange and Brokerage              634,637.10                   427,575.21
 II. Miscellaneous Income/Processing Fee           1,263,392.76                1,537,987.37
 TOTAL:           1,898,029.86                1,965,562.58
 SCHEDULE – 14
 INTEREST EXPENDED
 31.03.2019  31.03.2018
 Rs.  Rs.
 I. Interest on deposits        39,329,973.22              39,337,218.64
 II. Others  –  –
 TOTAL:        39,329,973.22              39,337,218.64
 SCHEDULE – 15
 OPERATING EXPENSES
 31.03.2019  31.03.2018
 Rs.  Rs.
 I.  Payments to and provisions for employees           5,412,495.00                4,812,600.00
 II. Rent, Taxes and Lighting           1,020,758.00                1,093,368.00
 III. Printing and Stationery              192,678.62                   146,676.85
 IV. Advertisement and Publicity              310,272.96                   336,160.25
 V. Depreciation on Bank’s Property              604,292.87                   682,932.12
 VI. Statutory Audit Fee                60,000.00                      60,000.00
 VII. Law charges                  2,000.00                      25,000.00
 VIII. Postage, Telegrams, Telephones, Etc.,                96,443.20                      94,271.00
 IX. Repairs and maintenance              303,924.00                   231,309.39
 X. Insurance              260,900.00                   264,323.50
 XI. Other expenditure           3,752,796.19                3,056,612.49
 TOTAL:        12,016,560.84              10,803,253.60

sd/-                                                           sd/-                                              sd/-
(DANTU VIJAY ADITYA)             (VINAY C AGARWAL)             (AJIT GUPTA)
DIRECTOR                                          VICE-CHAIRMAN                      CHAIRMAN

sd/-
(D. LAKSHMANA RAO)
CHIEF EXECUTIVE OFFICER

sd/-
(K. RAJA KRISHNA)
PROPRIETOR
Membership No. 217863