Annual Reports

 Close 
                       
KERALA URBAN AND RURAL DEVELOPMENT FINANCE CORPORATION LTD
                       
BALANCE SHEET FOR THE PERIOD 31ST MARCH 2003 TO 31ST MARCH 2007
                       
Amount in Rs
                       
      31.03.2003   31.03.2004   31.03.2005   31.03. 2006   31.03. 2007
                       
  SOURCES OF FUNDS
  Share Holders’ fund                    
  a. Capital 9,604,400 9,604,400 9,604,400 9,604,400 9,604,400
  b. Reserves & surplus 28,084,860 30,238,229 32,989,175 14,407,372 30,762,500
  Loan funds                    
  a. Secured loans 89,215,385 65,462,748 63,544,593 94,335,057 106,635,196
  b. Unsecured loans 545,503,038 631,938,859 613,567,874 634,111,951 615,726,507
  Deferred Tax liability 771,915   868,269   925,290   954,717   984,944  
    673,179,598   738,112,505   720,631,332   753,413,497   763,713,547
  APPLICATION OF FUNDS                    
  Fixed assets                    
  a. Gross block 14,165,727   14,519,472   14,529,901   14,583,691   14,804,747  
  b. Less depreciation 4,293,055   4,914,711   5,599,394   6,206,720   6,781,695  
  c. Net block   9,872,672   9,604,761   8,930,507   8,376,971   8,023,052
                       
  Current assets, loans & advances                    
a. Current assets 56,783,360 102,461,516 47,507,709 41,777,454 41,278,679
b. Loans and advances 638,206,965 667,316,241 698,953,869 737,862,357 759,336,779
  A 694,990,325 769,777,757 746,461,578 779,639,811 800,615,458
             
  Less, current liabilities                    
  & provisions          
  a. Current liabilities 25,397,554 31,651,640 24,282,540 24,650,558 28,363,221
  b. Provisions 6,285,845 9,618,373 10,478,213 9,952,727 16,561,742
  B 31,683,399 41,270,013 34,760,753 34,603,285 44,924,963
  Net current assets                    
  A-B 663,306,926 728,507,744 711,700,825 745,036,526 755,690,495
             
  Total   673,179,598   738,112,505   720,631,332   753,413,497   763,713,547
                       
                       
KERALA URBAN AND RURAL DEVELOPMENT FINANCE CORPORATION LTD
 
PROFIT & LOSS ACCOUNT FOR THE YEARS ENDED 31st MARCH 2003 TO 31st MARCH 2007
      Amount in Rupees
      31.03. 2003   31.03. 2004   31.03. 2005   31.03. 2006   31.03. 2007
  INCOME                    
a. Interest receipts 92,281,061   93,948,888   88,893,065   78,455,424   106,269,664  
b. Other income 2,469,669   4,329,393   701,777   641,303   689,652  
c. Prior period Income 0   77,765   1,153          
  TOTAL A   94,750,730   98,356,046   89,595,995   79,096,727   106,959,316
  EXPENDITURE                    
a. Interest payments 72,444,367   77,100,952   73,571,319   75,716,294   73,126,192  
b. Guarantee Commission 667,500   881,648   511,538   511,538   511,538  
  (Debentures)          
c. Staff expenses 3,494,486   3,743,219   4,095,295   4,100,133   4,783,205  
d. General charges 3,327,744   6,059,748   6,380,407   6,183,918   6,422,089  
e. Depreciation 728,361   710,603   685,836   607,326   574,975  
f. Provision for NPA a/c 101,654   3,575,595   -526,954   10,507,808   -1,884,344  
g Provision for deferred tax 113,040   96,354   57,021   29,427   30,227  
h Provision for fringe benefit tax 0   0   0   22,086   39,919  
i Prior period adjustment 214,287   0   0   0   293,645  
  TOTAL B   81,091,439   92,168,119   84,774,462   97,678,530   83,897,446
                       
  Profit before tax (A-B)   13,659,291   6,187,927   4,821,533   -18,581,803   23,061,870
  Less, provision for taxation   4985649   3,440,877   1,504,115   0   4,378,813
  Profit after tax   8,673,642   2,747,050   3,317,418   -18,581,803   18,683,057
  Add, balance brought forward from previous year   9,085,676   15,413,250   17,066,619   19,117,565   535,762
  Add excess provision of IT written back   177,864   0   0   0   0
  Total   17,937,182   18,160,300   20,384,037   535,762   19,218,819
  Less Short provision of IT for previous year   0   51,933   18,900   0   137,646
  Statutory Reserve   1,800,000   500,000   700,000   0   3,750,000
  Dividend   576,264   480,220   480,220   0   1,920,880
  Dividend tax   147,668   61,528   67,352   0   269,403
  Profit transferred to Balance sheet   15,413,250   17,066,619   19,117,565   535,762   13,140,890
      ------------------   ----------------   ---------------   -----------   ------------
                       
 Close