50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
97
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE STANDALONE 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
Bandra Kurla Complex Fund:
Balance as per last Balance Sheet
4,65,81,092
4,65,81,092
3.2
Development fund received from members:
Balance as per last Balance Sheet
19,66,75,250
19,66,75,250
3.3
Capital Reserve :
(i)
Grant in aid under Assistance to State for Development of Export
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
52,644
54,167
9,01,184
9,53,828
(iii)
Grant in aid from National Skill Development Corporation (NSDC)
for Assets & Equipments of IIGJ, Jaipur - (
Refer Note No.
"35"
)
As per Last Balance Sheet
84,44,352
1,21,68,992
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
-
12,39,909
1,25,29,466
1,77,08,265
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
1,48,87,57,983
1,22,72,94,819
Add:- Surplus as per Annexed Statement of Income and Expenditure
35,85,71,085
26,39,59,397
1,84,73,29,068
1,49,12,54,216
-
24,96,233
1,84,73,29,068
1,48,87,57,983
2,12,39,80,011
1,77,09,50,200
4
Financial Assistance provided by
National Skill Development Corporation (NSDC)
73,35,000
95,01,000
73,35,000
95,01,000
Less: Retained Earnings (Due to Depreciation as per Schedule II of Companies
Act 2013)
for Indian Institute of Gems and Jewellery at Jaipur (IIGJ)-
(Refer Note No. "35")
SECURED LOANS :
Less: Transferred to Statement of Income and Expenditure (Depreciation)
Less: Transferred to Statement of Income and Expenditure (Depreciation)
Add: Grant received in earlier year, transferred/ utilised during the year
Less: Transferred to Statement of Income and Expenditure (Depreciation)
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
(Infrastructure Scheme for setting up Indian Institute of Gems & Jewellery at
Mumbai)
Grant in aid from Govt. of India for office premises of Regional Office,
Kolkata under the Assitance to State for Development of Export
Infrastructure Scheme
(Infrastructure Scheme for setting up Gem Testing Laboratory Jaipur, a Unit of
the Council)
