50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
120
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
( COMPANIES LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
CONSOLIDATED STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH, 2016
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
( COMPANIES LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
CONSOLIDATED STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH, 2016
Previous
Year
Note No.
Rupees
Rupees
I
" 17 "
1,45,67,48,417
1,39,68,73,337
II Other Income
" 18 "
14,57,83,028
12,98,78,005
III
Total Revenue (I + II)
1,60,25,31,445
1,52,67,51,342
IV Expenses :
i) Employee benefits expense
" 19 "
5,33,27,834
4,54,52,186
ii) Finance costs
" 20 "
8,72,562
16,02,421
iii) Depreciation and amortization expense
" 21 "
1,96,93,810
3,51,18,334
iv) Other expenses
" 22 "
1,17,25,42,427
1,18,94,36,087
Total expenses
1,24,64,36,633
1,27,16,09,027
V
35,60,94,812
25,51,42,316
VI Exceptional Items
-
6,57,652
VII Surplus before extraordinary items and tax (V - VI)
35,60,94,812
25,57,99,968
VIII Extraordinary Items
3,28,851
-
IX Surplus before tax (VII - VIII)
35,57,65,961
25,57,99,968
X Tax expense : ( Refer Note No. "24" )
-
-
XI Surplus for the year (IX - X)
35,57,65,961
25,57,99,968
Statement of Significant Accounting Policies
"2"
The accompanying notes are an integral part of the financial statements
As per our attached Report of even date.
For and on behalf of
For and on behalf of the Holding Company (Council)
AMJ & CO
FRN 128550W
Chartered Accountants
Anil Virani
Convener A & F Sub-Committee
(A.K.JHUNJHUNWALA)
Partner
Membership No. 011778
Sandeep Sharma
Chief Financial Officer
MUMBAI,
MUMBAI,
DATED : 8th November, 2016
DATED : 8th November, 2016
Chairman
Executive Director
Sabyasachi Ray
Praveen Shankar Pandya
Surplus before exceptional and extraordinary items and tax (III -
IV)
Revenue from activities carried on in pursuance of the Objects
For and on behalf of
For and on behalf of the Holding Company (Council)
AMJ & CO
FRN 128550W
Sd/-
Sd/-
Chartered Accountants
Praveenshankar Pandya
Anil Virani
Chairman
Convener A & F Sub Committee
Sd/-
(A.K.JHUNJHUNWALA)
Sd/-
Sd/-
Partner
Sabyasachi Ray
Sandeep Sharma
Membership No. 011778
Executive Director
Chief Financial Officer
MUMBAI,
MUMBAI,
DATED : 8th November, 2016
DATED : 8th November, 2016
