50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
121
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
CONSOLIDATED CASH FLOW STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
( CO PANIES LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 2016
2015-16
2014-15
Rupees
Rupees
Cash flows from operating activities
Surplus Before Tax
35,57,65,961
25,58,50,576
Adjustments For Depreciation And Amortisation
3,71,96,674
5,26,60,230
Loss / (Profit) On Sale Of Fixed Assets (Net)
(2,07,372)
(55,542)
Assets Discarded
54,745
26,444
Interest/Dividend Income
(13,76,04,957)
(11,61,07,050)
Operating cash flow before working capital changes
25,52,05,051
19,23,74,658
(Increase) / Decrease In Trade Receivable
(68,96,335)
(38,05,178)
(Increase) / Decrease In Short Term Loans And Advances
7,28,46,082
(3,09,03,555)
(Increase) / Decrease In Other Current Assets
(4,75,19,569)
1,16,39,523
(Decrease ) / Increase In Current Liabilities
(5,48,59,396)
83,48,366
Cash used by operating activities
21,87,75,833
17,76,53,814
Direct Taxes Paid
-
-
Net cash used by operating activities
21,87,75,833
17,76,53,814
Cash flows from investing activities
Purchase of Fixed Assets
(5,92,32,910)
(1,67,75,694)
Proceeds From Sale of Fixed Assets
3,63,138
4,04,237
(Increase) / Decrease In Non-Current Assets
4,27,02,483
(16,09,39,153)
(Increase) / Decrease In Non-Current Investments
(34,45,946)
(34,56,705)
(Increase) / Decrease In Long Term Loans And Advances
(9,22,37,162)
(8,87,46,058)
Interest/Dividend Income
13,76,04,957
11,61,07,050
Net cash used by investing activities
2,57,54,560
(15,34,06,323)
Cash flows from financing activities
Grant Received
9,50,00,000
-
Corpus Fund Received during the year
10,00,000
25,00,000
Alumni Fund Received during the year
1,14,500
9,500
(Decrease) /Increase In Other Long Term Liabilities
(22,04,400)
(20,40,000)
Net Cash From The Financing Activities
9,39,10,100
4,69,500
Net (Decrease) /Increase In Cash And Cash Equivalents
33,84,40,493
2,47,16,991
Cash And Cash Equivalents At Beginning Of Period
1,00,40,44,054
97,93,27,064
Cash On Hand
2,44,366
2,00,237
Balance In Current And Savings Accounts
2,91,89,754
8,20,29,714
Liquid Term Deposits
-
-
Other Bank Deposits
97,46,09,934
89,70,97,113
Cash And Cash Equivalents At End Of Period
1,34,24,84,547
1,00,40,44,054
Cash On Hand
2,20,676
2,44,366
Balance In Current And Savings Accounts
4,44,54,639
2,91,89,754
Liquid Term Deposits
-
-
Other Bank Deposits
1,29,78,09,232
97,46,09,934
Notes:
1) The above cash flow statement has been prepared by using the indirect method as
per Accounting Standard 3 - "Cash flow Statements" issued by the Institute of
Chartered Accountants of India.
2) Figures in bracket represent outflows
3) Previous Year's figures have been recast /restated wherever necessary.
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
Praveen Shankar Pandya
Anil Virani
Chartered Accountants
Chairman
Convener A & F Sub-Committee
(A.K.JHUNJHUNWALA)
Partner
Sabyasachi Ray
Sandeep Sharma
Membership No. 011778
Executive Director
Chief Financial Officer
MUMBAI,
MUMBAI,
DATED : 8th November, 2016
DATED : 8th November, 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) Depreciatio a d amortization expense
" 21 "
1,96,93,810
3,51,18,334
iv) Oth r expenses
" 22 "
1,17,25,42,427
1,18,94,36,087
Total exp nses
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 xpense : ( 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
embership No. 011778
Executive Director
Chief Financial Officer
BAI,
MU BAI,
TED : 8th November, 2016
DATED : 8th November, 2016
