50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
123
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
( COMPANIES LIMIT D BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
As at
As at
31.03.2016 31.03.2015
Rupees
Rupees
Rupees
3 RESERVES & SURPLUS :
3.1
Corpus fund
As per last balance sheet
7,26,81,036
7,01,81,036
Add: Donations Received during the year
10,00,000
25,00,000
7,36,81,036
7,26,81,036
3.2
Bandra Kurla Complex Fund:
Balance as per last Balance Sheet
4,65,81,092
4,65,81,092
3.3
Development fund received from members:
Balance as per last Balance Sheet
19,66,75,250
19,66,75,250
3.4
Capital Reserve :
(i)
Grant in aid under Assistance to State for Development of Export
Mumbai and Jaipur)
Balance as per last Balance Sheet
1,69,84,776
1,73,39,736
Less: Transferred to Statement of Income & Expenditure:
Depreciation - Building
2,18,536
2,24,139
Amortisation of Land
1,30,821
1,30,821
3,49,357
3,54,960
1,66,35,420
1,69,84,776
(ii)
Balance as per last Balance Sheet
9,53,828
10,07,995
Less: Transferred to Statement of Income and Expenditure (Depreciation)
52,644
54,167
9,01,184
9,53,828
(iii)
As per Last Balance Sheet
84,44,352
1,21,68,992
Less: Transferred to Statement of Income and Expenditure (Depreciation)
17,92,586
37,24,640
66,51,766
84,44,352
(iv)
Grant in aid under Assistance to State for Development of Export
Balance as per last Balance Sheet
1,25,29,466
1,64,68,356
Add: Grant received in earlier year, transferred/ utilised during the year
-
12,39,909
1,25,29,466
1,77,08,265
Less: Transferred to Statement of Income and Expenditure (Depreciation)
33,46,688
51,78,799
91,82,778
1,25,29,466
(v)
Inventory Equalisation Account :
3,33,71,148
3,89,12,422
Balance as per last Balance Sheet
23,453
23,453
(vi)
Income and Expenditure Account:
Balance as per Last Balance Sheet
1,48,29,36,709
1,23,06,88,977
Add:- Surplus as per Annexed Statement of Income and Expenditure
35,57,65,961
25,57,99,968
Add:- Difference in carrying cost of fixed assets
-
(10,27,016)
1,83,87,02,670
1,48,54,61,929
1,87,25,952
-
1,85,74,28,622
1,48,54,61,929
-
25,25,219
1,85,74,28,622
1,48,29,36,709
As per last balance sheet
54,51,768
77,36,469
Less: Transferred to Statement of Income and Expenditure (Depreciation)
7,34,695
22,84,701
47,17,072
54,51,768
(viii)
Machinery received as AID
As per last balance sheet
3,51,957
4,85,910
Less: Transferred to Statement of Income and Expenditure (Depreciation)
97,026
1,33,953
2,54,931
3,51,957
(ix)
Other donations received in kind
Books, Consumables and Teaching Aids
As per last balance sheet
6,05,585
6,05,585
(x)
Alumni fund
As per last balance sheet
1,45,500
1,36,000
Add: Transfer during the year
1,14,500
9,500
2,60,000
1,45,500
(xi)
Scholarship fund
As per last balance sheet
4,45,000
4,45,000
(xii) Grant In Aid under ASIDE Scheme ( For construciton of IIGJ Hostel )
9,50,00,000
-
2,30,90,43,189
1,84,48,09,772
(Infrastructure Scheme for setting up Indian Institute of Gems & Jewellery at
Grant in aid from Govt. of India for office premises of Regional Office, Kolkata
Grant in aid from National Skill Development Corporation (NSDC) for Assets &
Equipments of IIGJ, Jaipur
(Infrastructure Scheme for setting up Gem Testing Laboratory Jaipur, a Unit of the
Add: Transitional Provision Adjustment- on the first occasion for consolidation of
Less: Retained Earnings (Due to Depreciation as per Schedule II of Companies Act
