50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
125
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 LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
NOTE '9' - FIXED ASSETS (AT COST):
(Rupees)
G R O S S B L O C K
D E P R E C I A T I O N / AMORTISATION
N E T B L O C K
As at
Additions
Adjustment /
As at
Up to
Provided for
Adjustment /
Up to
As at
As at
31.03.2015
made during
Deduction
31.03.2016
31.03.2015
the year
Deduction
31.03.2016
31.03.2016
31.03.2015
the year
(A)
TANGIBLE ASSETS
1
LAND
Free Hold Land
12,18,950
-
-
12,18,950
-
-
-
-
12,18,950
12,18,950
Leasehold Land
2,01,27,665
-
-
2,01,27,665
39,92,064
2,46,800
-
42,38,864
1,58,88,801
1,61,35,601
2
BUILDINGS
-
-
-
Building
3,05,31,950
94,950
-
3,06,26,900
66,26,334
11,68,984
-
77,95,318
2,28,31,582
2,39,05,616
Office Premises
22,34,96,495
23,77,348
-
22,58,73,843
4,68,26,776
94,32,485
-
5,62,59,261
16,96,14,582
17,66,69,719
(Refer Notes below)
-
-
-
3
FURNITURE & FIXTURES
6,64,37,433
48,27,797
10,04,277
7,02,60,953
4,42,80,968
61,57,479
9,70,391
4,94,68,056
2,07,92,898
2,21,56,465
4
OFFICE EQUIPMENTS
10,32,77,360
39,49,802
3,51,931
10,68,75,231
6,07,40,337
1,34,80,038
2,96,699
7,39,23,676
3,29,51,555
4,25,37,022
5
VEHICLES
59,32,905
13,51,500
8,96,435
63,87,970
33,10,524
8,82,981
7,84,022
34,09,483
29,78,487
26,22,381
6
COMPUTERS
2,93,42,125
86,08,620
2,70,035
3,76,80,709
2,29,91,917
66,91,613
2,63,722
2,94,19,807
82,60,902
63,50,208
7
MOTOR CAR
5,48,881
-
-
5,48,881
2,27,246
1,02,005
-
3,29,251
2,19,630
3,21,635
8
ELECTRICAL INSTALLATION & EQUIPMENT
1,25,24,466
1,21,501
-
1,26,45,967
93,64,102
9,97,327
-
1,03,61,429
22,84,538
31,60,364
9
AIRCONDITIONER AND COOLER
46,85,064
-
36,268
46,48,796
37,63,450
3,12,475
33,601
40,42,325
6,06,471
9,21,614
10
GENERATOR
3,01,760
-
-
3,01,760
2,60,697
21,312
-
2,82,008
19,752
41,064
11
AUDIO VISUAL EQUIPMENT
14,36,548
2,59,141
-
16,95,689
13,54,817
37,373
-
13,92,190
3,03,499
81,731
12
PROJECTOR
35,858
-
-
35,858
30,127
3,148
-
33,275
2,583
5,730
13
LABORATORY EQUIPMENT
41,49,055
-
-
41,49,055
37,05,077
1,73,304
-
38,78,381
2,70,673
4,43,977
14
WATER COOLER & FILTER
48,219
-
-
48,219
36,288
6,715
-
43,004
5,215
11,930
15
REFRIGERATOR
2,661
-
-
2,661
2,299
188
-
2,487
174
362
16
FIRE FIGHTING SYSTEM
15,37,146
-
-
15,37,146
14,59,237
1,051
-
14,60,288
76,858
77,909
17
GEMS SPECIMEN
8,99,338
-
-
8,99,338
5,56,765
1,62,921
-
7,19,686
1,79,652
3,42,573
18
PLANT & MACHINERY
3,16,50,582
71,400
-
3,17,21,982
2,32,16,562
19,43,466
-
2,51,60,028
65,61,955
84,34,021
19
LIBRARY BOOKS
10,49,646
-
-
10,49,646
9,92,031
24,621
-
10,16,652
32,994
57,615
20
SPECIMEN MINERALS SAMPLES
19,27,128
20,516
-
19,47,644
16,14,763
1,63,538
-
17,78,301
1,69,343
3,12,365
54,11,61,232
2,16,82,574
25,58,945
56,02,84,860
23,53,52,382
4,20,09,822
23,48,434
27,50,13,770
28,52,71,090
30,58,08,850
(B)
INTANGIBLE ASSETS
1
COMPUTER SOFTWARE
1,79,82,734
3,26,555
-
1,83,09,289
1,55,24,085
14,84,935
-
1,70,09,020
13,00,269
24,58,649
2
Web Development
-
4,49,440
-
4,49,440
-
74,910
-
74,910
3,74,530
-
1,79,82,734
7,75,995
-
1,87,58,729
1,55,24,085
15,59,845
-
1,70,83,930
16,74,799
24,58,649
(C)
CAPITAL WORK IN PROGRESS
18,89,159
3,82,29,429
14,55,085
3,86,63,503
-
-
-
-
3,86,63,503
18,89,159
TOTAL
56,10,33,125
6,06,87,998
40,14,030
61,77,07,092
25,08,76,467
4,35,69,667
23,48,434
29,20,97,700
32,56,09,392
31,01,56,658
PREVIOUS YEAR TOTAL
54,19,03,760
2,82,36,521
1,35,14,707
55,66,25,574
16,58,04,190
4,75,44,513
95,72,116
20,37,76,588
35,28,48,986
37,60,99,570
Sr. No.
DESCRIPTION OF ASSETS
Notes:-
8
Sr.
Built Up Area
Face Value
Share Premium
Total
No.
Alloted
Rupees
Rupees
Rupees
1 Office Premises (5,128 Sq. Ft.)
5,128
51,28,000
2,66,38,719
3,17,66,719
2 Office Premises (1,315 sq. Ft.)
1,315
13,15,000
2,76,87,781
2,90,02,781
3 3 Car Parking Spaces 300 Sq. Ft.)
300
3,00,000
7,50,000
10,50,000
TOTAL
67,43,000
5,50,76,500
6,18,19,500
8
Trade Centre Office Premises - Mumbai
The cost of the premise of Rs.12,04,28,966 includes Rs. 3,500 paid towards shares to be allotted by the co-operative society. However, the said society has not yet been formed and hence,
the related share certificates in the name of the Council remain to be received
Bharat Diamond Bourse (BDB) Mumbai has allotted following block of shares in respect of the Diamond Bourse Constructed by it at Bandra Kurla Complex in Mumbai:
No. of Shares
Allotted
By virtue of holding the aforesaid block of shares, the Council is entitled to occupy the stipulated premises on Lease, as referred to herein above in BDB complex. The Council is entitled to peaceably possess, occupy, use and enjoy these stipulated premises as rightful allottee/leasee. Accordingly, the Council has Capitalised the
entire sum of Rs. 6,18,19,500 under the head "Office Premises" above
