audit report 2015-2016 - coconutboard.incoconutboard.in/docs/anaccounts2015-16english.pdf · audit...

AUDIT REPORT

2015-2016

COCONUT DEVELOPMENT BOARDMINISTRY OF AGRICULTURE AND FARMERS WELFARE, GOVERNMENT OF INDIA

KOCHI - 682 011

COCONUT DEVELOPMENT BOARD, KOCHI-11

ANNUAL ACCOUNTS FOR THE YEAR 2015-16

INDEX

Sl.

No. Subject Page Nos.

1 Balance Sheet 1

2 Income and Expenditure Account 2

3 Schedules forming part of Balance Sheet 3 - 7

4 Schedules forming part of Income and Expenditure Account 8 - 17

5 Accounting Policy 18

6 Notes to Accounts 19 - 22

7 Receipts and Payments Account 23 - 28

8 Balance Sheet – GPF 29

9 Income and Expenditure Account – GPF 30

10 Schedules forming part of Balance Sheet – GPF 31 - 33

11 Schedules forming part of Income and Expenditure Account – GPF 34 - 35

12 Receipts and Payments Account – GPF 36

Schedule 2015-2016 2014-2015

CORPUS/CAPITAL FUND AND

LIABILITIES

Corpus/Capital Fund 1 26,95,75,373.36 26,43,66,908.62

Current Liabilities and Provisions 2 26,36,62,655.36 5,02,47,849.29

TOTAL 53,32,38,028.72 31,46,14,757.91

ASSETS

Fixed Assets 3 11,76,60,708.00 11,05,82,254.00

Current Assets, Loans, Advances etc. 4 41,55,77,320.72 20,40,32,503.91

TOTAL 53,32,38,028.72 31,46,14,757.91

Significant Accounting Policies 14

Notes on Accounts 15

Sd/- Sd/-

Finance Officer Secretary

COCONUT DEVELOPMENT BOARD, KOCHI -11

Balance Sheet as at 31.03.2016

Chairman

Sd/-

(Amount - `)

1

Schedule 2015-2016 2014-2015

INCOME

Income from Sales/Services 5 6,50,57,148.00 5,88,14,740.00

Grants/Subsidies 6 142,00,18,264.93 127,34,28,218.12

Interest earned 7 28,94,738.00 54,28,952.00

Income from Royalty Publication 8 9,21,145.00 14,77,641.00

Other Income 9 24,43,288.74 33,86,876.00

Stock of Publications etc. 10 (-) 68,03,705.00 (-) 48,49,247.00

TOTAL (A) 148,45,30,879.67 133,76,87,180.12

EXPENDITURE

Establishment Expenses 11 15,66,47,367.00 14,85,36,989.00

Other Administrative Expenses 12 1,94,74,959.18 1,48,63,185.12

Expenditure on Grants, Subsidies etc. 13 130,21,36,581.75 113,94,41,406.00

Depreciation 1,50,81,276.00 1,26,91,963.00

TOTAL (B) 149,33,40,183.93 131,55,33,543.12

Balance being Expenditure over

Income (B-A) 88,09,304.26 (-)2,21,53,637.00

Deficit

(Tfd to Balance Sheet)

88,09,304.26 (-)2,21,53,637.00

Significant Accounting Policies 14

Notes on Accounts 15

Sd/- Sd/-

Finance Officer Secretary

COCONUT DEVELOPMENT BOARD, KOCHI - 11

Income and Expenditure Account for the year ended 31.03.2016

Chairman

Sd/-

(Amount - `)

2

SCHEDULE 1 - CORPUS/CAPITAL FUND

Balance at the beginning of the year 26,43,66,908.62 23,17,29,119.62

Add: Amount utilized for acquisition of Fixed Assets 1,40,17,769.00 1,04,84,152.00

27,83,84,677.62 24,22,13,271.62

Less: Excess of Expenditure over Income (15-16) 88,09,304.26

Add: Excess of Income over Expenditure (14-15) 0.00 2,21,53,637.00

26,95,75,373.36 26,43,66,908.62

Balance at the year end 26,95,75,373.36 26,43,66,908.62

Sd/-

Secretary

2014-20152015-2016

Schedule - 1

(Amount - `)

Coconut Development Board, Kochi - 11

Schedules forming part of Balance Sheet as at 31.03.2016

3

SCHEDULE 2 - CURRENT LIABILITIES AND PROVISIONS

Outstanding Liabilities

Salaries and Allowances 87,10,520.00 75,76,013.00

Pension 22,90,341.00 22,37,402.00

Travelling Allowance 1,42,195.00 1,88,078.00

Office Expenses 4,59,261.00 4,32,287.00

Rent, Rates & Taxes 44,680.00 78,515.00

Technology Demonstration 1,65,706.00 47,261.00

Technology Mission 1,68,239.00 93,000.00

Information Technology 7,68,410.00 5,17,300.00

Market Promotion and Statistics 0.00 16,280.00

Technical Services 2,43,187.00 2,55,007.00

Replanting and Rejuvenation 2,65,822.00 0.00

Field Research 31,565.00 0.00

Kera Suraksha Insurance Scheme 6,534.00 1,32,96,460.00 0.00 1,14,41,143.00

Other Current Liabilities

EMD/Security Deposit 22,18,050.00 21,39,986.00

Unspent Grant-in-aid 24,12,84,982.36 1,07,46,042.29

Dues to CPWD 0.00 60,549.00

Farmer Payable 0.00 2,43,20,029.00

Advance for Seedlings 68,46,100 .00 15,40,100.00

New Pension Fund 17,063.00 25,03,66,195.36 0.00 3,88,06,706.29

Total 26,36,62,655.36 5,02,47,849.29

Sd/-

Secretary

2014-20152015-2016

Schedule - 2

(Amount - `)

Coconut Development Board, Kochi -11Schedules forming part of Balance Sheet as at 31.03.2016

4

Cost/Valuation

at the beginning

of the year

Additions

during the year

Deductions

during the year

Cost/Valuation

at the year end

As at the

beginning

of the year

On additions

during the year

On deductions

during the year

Total upto the year

end

As at the

current year end

As at the

previous

year end

1 LAND

Free hold Land (TDC) 600000.00 … … 600000.00 … … … … 600000.00 600000.00

2 BUILDINGS

On freehold Land (TDC) 16281954.00 … … 16281954.00 8349881.00 793208.00 … 9143089.00 7138865.00 7932073.00

On leasehold Land 132889830.00 15685477.00 … 148575307.00 53532736.00 8101814.00 … 61634550.00 86940757.00 79357094.00

Ownership Flats 9666877.00 … … 9666877.00 4928573.00 473830.00 … 5402403.00 4264474.00 4738304.00

3 PLANT & MACHINERY 1646620.00 … … 1646620.00 1428280.00 32751.00 … 1461031.00 185589.00 218340.00

4 VEHICLES 17615524.00 1741226.00 1159744.00 18197006.00 11993868.00 1870891.00 1139685.00 12725074.00 5471932.00 5621656.00

5 FURNITURE & OFFICE EQUIPMENTS 11276119.00 333258.00 … 11609377.00 7514456.00 416914.00 … 7931370.00 3678007.00 3761663.00

6 Computer Peripherals 31118058.00 864499.00 … 31982557.00 29582589.00 1061784.00 … 30644373.00 1338184.00 1535469.00

7 LABORATORY EQUIPMENTS 11652102.00 2503884.00 … 14155986.00 8619717.00 1320903.00 … 9940620.00 4215366.00 3032385.00

8 OTHER ASSETS 26530885.00 1051445.00 … 27582330.00 22745615.00 1009181.00 … 23754796.00 3827534.00 3785270.00

TOTAL OF CURRENT YEAR 259277969.00 22179789.00 1159744.00 280298014.00 148695715.00 15081276.00 1139685.00 162637306.00 117660708.00 110582254.00

Sd/-

Secretary

Schedule - 3

(Amount - `)

SCHEDULE 3 - FIXED ASSETS

Coconut Development Board, Kochi -11


Gross Block Depreciation Net Block

5

A Current Assets

1 Cash with various banks 37,64,65,826.72 14,21,65,912.91

2 Term Deposits 2,00,00,000.00 39,64,65,826.72 3,00,00,000.00 17,21,65,912.91

B Loans, Advances and other Assets

1 Advances to staff

House Building Advance 10,52,370.00 14,75,020.00

Motor Car Advance 2,09,890.00 91,770.00

Scooter Advance 1,94,795.00 3,02,675.00

Computer Advance 3,09,637.00 4,01,277.00

Cycle Advance 5,305.00 16,805.00

Festival Advance 3,16,930.00 20,88,927.00 3,57,010.00 26,44,557.00

2 Other Advances

Infrastructure and Administration 2,74,400.00 2,74,400.00

DSP Farms 88,000.00 3,62,400.00 88,000.00 3,62,400.00

3 Rent Advances

Infrastructure and Administration 4,11,500.00 3,65,000.00

C/o 39,93,28,653.72 17,55,37,869.91

Schedule - 4

(Amount - `)

SCHEDULE 4 - CURRENT ASSETS, LOANS & ADVANCES

Coconut Development Board, Kochi -11Schedules forming part of Balance Sheet as at 31.03.2016

2014-20152015-2016

6

(Amount - `)

2014-20152015-2016

B/f 39,93,28,653.72 17,55,37,869.91

B. Loans, Advances and other Assets (contd.. )

4 Accrued Interest on Term Deposits 2,68,333.00 14,96,328.00

5 Stock of Publications, Seedlings etc. 63,06,559.00 1,31,10,264.00

6 Advance for National Seminar 0.00 1,00,000.00

(Due from Ministry of Food Processing)

7 Amount due from Directorate of Cashewnut Development 34,359.00 10,44,691.00

Add: Due for the year 4,36,038.00 3,41,861.00

4,70,397.00 13,86,552.00

Less: Amount received during the year 4,32,827.00 5,50,035.00

Less: Excess billing for previous years 0.00 37,570.00 8,02,158.00 34,359.00

8 Amount due from Income Tax Appellete Tribunal 3,59,958.00 37,069.00

Add: Due for the year 1,21,919.00 4,73,530.00

4,81,877.00 5,10,599.00

Less: Amount received during the year 4,81,877.00 0.00 1,50,641.00 3,59,958.00

9 Deposit for Works 96,36,205.00 1,33,93,725.00

Total (A+B) 41,55,77,320.72 20,40,32,503.91

Sd/-

Secretary

SCHEDULE 4 - CURRENT ASSETS, LOANS & ADVANCES (contd )

7

2015-2016 2014-2015

SCHEDULE 5 - INCOME FROM SALES/SERVICE

Income from Sales/Service

Sale of Seedlings 3,96,07,521.00 3,40,32,105.00

Sale of Farm Produce 1,70,69,123.00 1,83,86,747.00

Application Fee 1,10,430.00 73,985.00

Guest Room Rent 1,47,000.00 1,51,190.00

Technology Transfer Fee 3,34,629.00 5,71,000.00

Advertisement 14,960.00 0.00

Analytical Fee 4,49,143.00 2,59,947.00

CPS/CPF Registration Fee 9,36,670.00 7,78,615.00

RCMC Fee 27,20,146.00 23,10,500.00

Training Fee 3,06,250.00 6,88,613.00

Neera and Neera Products 21,09,202.00 14,99,368.00

AFS Sales 12,52,074.00 62,670.00

Total 6,50,57,148.00 5,88,14,740.00

Sd/-

Secretary


Schedules forming part of Income and Expenditure Account for the year ended 31.03.2016

Schedule - 5

(Amount - `)

8

2015-2016 2014-2015

SCHEDULE 6 - GRANTS/SUBSIDIES

Grant from Government of India received during the year 1,61,75,00,000.00 1,23,00,00,000.00

Add: Unspent Grant utilised during the year 0.00 5,39,12,370.12

1,61,75,00,000.00 1,28,39,12,370.12

Less: Amount utilized for acquisition of Fixed Assets 1,40,17,769.00 1,04,84,152.00

Less: Unspent Grant-in-aid 18,34,63,966.07 0.00

Total 1,42,00,18,264.93 1,27,34,28,218.12

Sd/-

Secretary



Schedule - 6

(Amount - `)

9

2015-2016 2014-2015

SCHEDULE 7 - INTEREST EARNED

Interest on Term Deposits 32,81,779.00 67,88,023.00

Add: Accrued during the year 2,68,333.00 14,96,328.00

35,50,112.00 82,84,351.00

Less: Interest on FDs matured 14,96,328.00 34,60,748.00

20,53,784.00 48,23,603.00

Interest from HBA 7,13,803.00 4,54,477.00

Interest from Car Advance 60,000.00 39,095.00

Interest from SB A/c 3,779.00 51,852.00

Interest from Scooter Advance 25,672.00 28,134.00

Interest from Computer Advance 37,700.00 31,791.00

Total 28,94,738.00 54,28,952.00

Sd/-

Secretary



Schedule - 7

(Amount - `)

10

2015-2016 2014-2015

SCHEDULE 8 - INCOME FROM ROYALTY PUBLICATIONS

Income from Publications 9,21,145.00 14,77,641.00

Total 9,21,145.00 14,77,641.00

Sd/-

Secretary

Coconut Development Board, Kochi-11


Schedule - 8

(Amount - `)

11

2015-2016 2014-2015

SCHEDULE 9 - OTHER INCOME

Licence Fee 81,940.00 65,137.00

Miscellaneous Receipts 22,16,677.74 32,32,106.00

Profit on Sale of Vehicles 1,44,671.00 89,633.00

Total 24,43,288.74 33,86,876.00

Sd/-

Secretary



Schedule - 9

(Amount - `)

12

2015-2016 2014-2015

SCHEDULE 10 - STOCK OF PUBLICATIONS, SEEDLINGS, COCONUTS etc.

Publications 9,49,263.00 11,09,356.00

Seedlings 40,80,745.00 1,14,02,415.00

Coconuts 7,51,310.00 1,13,920.00

Neera and Neera Products 5,25,241.00 4,84,573.00

Total 63,06,559.00 1,31,10,264.00

Net decrease in Stock

Sd/-

Secretary

Schedule - 10

(Amount - `)

68,03,705.00



13

2015-2016 2014-2015

SCHEDULE 11 - ESTABLISHMENT EXPENSES

Salaries & Allowances 12,11,24,893.00

Add: Outstanding for current year 87,10,520.00

12,98,35,413.00

Less: Outstanding for previous year 75,76,013.00 12,22,59,400.00 11,57,55,410.00

Pension 2,69,81,906.00


2,92,72,247.00


Travelling Allowance 73,99,005.00


75,41,200.00

Less: Outstanding for previous year 1,88,078.00 73,53,122.00 53,18,029.00

Total 15,66,47,367.00 14,85,36,989.00

Sd/-

Secretary



Schedule - 11

(Amount - `)

14

2015-2016 2014-2015

SCHEDULE 12 - OTHER ADMINISTRATIVE EXPENSES

Office Expenses 1,77,17,270.18


1,81,76,531.18

Less: Outstanding for previous year 4,32,287.00

Less: Due from Directorate of Cashewnut Development 4,36,038.00

Less: Due from Income Tax Department 1,21,919.00

Less: CPWD Dues for last year 60,549.00 1,71,25,738.18 1,25,34,964.12

Publications 1,50,528.00 1,65,833.00

Rent, Rates and Taxes 22,79,028.00

Add: Outstanding for current year 44,680.00

Add: Advance adjusted against rent 1,74,000.00

24,97,708.00

Less: Outstanding for previous year 78,515.00

Less: Rent Advances paid 2,20,500.00 21,98,693.00 21,62,388.00

Total 1,94,74,959.18 1,48,63,185.12

Sd/-

Secretary

Coconut Development Board, Kochi - 11Schedules forming part of Income and Expenditure Account for the year ended 31.03.2016

Schedule - 12

(Amount - `)

15

2015-2016 2014-2015

SCHEDULE 13 - EXPENDITURE ON GRANTS, SUBSIDIES ETC.

Establishment of DSP Farms 2,71,35,456.00 2,24,70,981.00

Establishment of Regional Coconut Nursery 46,80,000.00 47,00,000.00

Production and Distribution of Hybrids 18,00,000.00 19,80,000.00

Aid to Registered/Approved/Private Nurseries 42,30,687.00 28,64,475.00

Project for Expansion of Area under Coconut 1,84,27,850.00 1,58,61,142.00

Integrated Farming for Productivity Improvement 34,07,84,705.00 24,74,14,828.00

Technology Demonstration 46,29,149.00


47,94,855.00

Less: Outstanding for previous year 47,261.00 47,47,594.00 15,47,109.00

Market Promotion & Statistics 70,58,506.00

Less: Outstanding for previous year 16,280.00 70,42,226.00 53,84,007.00

Information Technology 10,69,17,839.75


10,76,86,249.75


Technology Mission on Coconut 16,16,05,521.00


16,17,47,955.00

Less: Outstanding for previous year 93,000.00 16,16,54,955.00 13,47,09,088.00

C/o 67,76,72,422.75 55,90,56,412.00

Schedule - 13

(Amount - `)


16

2015-2016 2014-2015

(Amount - `)


SCHEDULE 13 - EXPENDITURE ON GRANTS, SUBSIDIES ETC. (Contd.)

B/f 67,76,72,422.75 55,90,56,412.00

Nurseries attached to DSP Farms (from receipts) 5,50,84,347.00 2,77,41,429.00

Technical Services 97,65,534.00


100,08,721.00

Less: Outstanding for previous year 2,55,007.00 97,53,714.00 98,53,051.00

Replanting and Rejuvenation of Coconut 54,81,11,548.00

Add: Outstanding for current year 2,65,822.00 54,83,77,370.00 53,44,10,454.00

Coconut Palm Insurance Scheme 39,00,000.00 45,62,922.00

Kera Suraksha Insurance Scheme 7,96,436.00

Add: Outstanding for current year 6,534.00 8,02,970.00 18,32,965.00

Field Research Centre 11,05,314.00

Add: Outstanding for current year 31,565.00 11,36,879.00 7,97,255.00

CIT Vazhakulam - Training Expenses 2,08,879.00 3,84,760.00

New Coconut Orchards 51,00,000.00 0.00

Due from Ministry of Food Processing - write off 1,00,000.00 0.00

Excess billing - Cashew Directorate 0.00 8,02,158.00

Total 130,21,36,581.75 113,94,41,406.00

Sd/-

Secretary

17

18

SCHEDULE No.14


Accounting Policy

The accounting policies adopted by the Board in preparing the final accounts for the

year 2015-16 are as under:

1. Depreciation is charged to the various assets at Diminishing Value Method at the

following rates.

Buildings : 10%

Motor Vehicles : 30%

Furniture and Office Equipments : 10%

Plant and Machinery : 15%

Computer & Accessories : 60%

Laboratory Equipments : 25%

Other Assets : 25%

2. Assets costing `10,000/- and above are taken as assets of the Board.

3. The Board is not having any Non Plan Schemes. The Establishment expenses of the

Board are also comes under the Plan head.

4. The figures for previous year in this account are re-grouped, wherever necessary.

5. Expenditure on Salaries and Allowances, Office Expenses, Scheme Payments and

Receipts on account of Interest on Term Deposits etc. are accounted on accrual

basis.

Sd/-

Secretary

19

SCHEDULE No.15


Notes on Accounts

1. The Coconut Development Board is an autonomous body under Ministry of

Agriculture and Farmers Welfare, Government of India enacted by Parliament under

Section 5 of the Coconut Development Board Act, 1979. The Board is fully funded by

Government of India through Grants-in-aid is not engaged in any trading activity and

no Income Tax is paid by the Board on its surplus funds. The surplus funds are either

adjusted against Grants-in-aid or utilized for implementation of the approved

schemes of the Board with the prior concurrence of the Government of India.

2. As per MIDH guidelines the budgetary support for the Board’s existing

Demonstration cum Seed Production Farms is `27.00 lakh per year and for new

Farms, the support is `25.00 lakh only. The balance amount of the expenses of the

DSP Farms should be met from the receipts of the Board. The expenditure of the

Scheme ‘Establishment of Nurseries attached to DSP Farms’ should also be met from

the receipts of the Board.

3. During the current year expenditure as detailed below were met by the DSP Farms

from Grant-in-aid and from the receipts.

Sl.

No. Name of the Farm

Expenditure

from Grant

(`)

Expenditure

from Receipts

(`)

Total

(`)

1. DSP Farm, Abhayapuri 27,00,000.00 8,03,337.00 35,03,337.00

2. DSP Farm, Kondagaon 27,00,000.00 5,54,595.00 32,54,595.00

3. DSP Farm, Madhepura 27,00,000.00 25,340.00 27,25,340.00

4. DSP Farm, Pitapally 27,00,000.00 2,86,322.00 29,86,322.00

5. DSP Farm, Vegiwada 23,43,638.00 0.00 23,43,638.00

6. DSP Farm, Neriamangalam 20,26,614.00 0.00 20,26,614.00

7. DSP Farm, Mandya 27,00,000.00 13,04,101.00 40,04,101.00

8. DSP Farm, Palghar 27,00,000.00 3,09,041.00 30,09,041.00

9. DSP Farm, Dhali 27,00,000.00 13,35,483.00 40,35,483.00

10. DSP Farm, Hichachara 25,00,000.00 24,11,387.00 49,11,387.00

Total 2,57,70,252.00 70,29,606.00 3,27,99,858.00

20

4. The expenditure incurred by the Board out of its receipts for the Scheme ‘Nurseries

attached to DSP Farms’ during the year 2015-16 are as under:

Sl. No. Name of the Farm Amount (`)

1. DSP Farm, Abhayapuri 50,11,701.00

2. DSP Farm, Kondagaon 35,32,870.00

3. DSP Farm, Madhepura 10,74,916.00

4. DSP Farm, Pitapally 46,50,216.00

5. DSP Farm, Vegiwada 56,23,249.00

6. DSP Farm, Neriamangalam 1,16,69,210.00

7. DSP Farm, Mandya 91,00,732.00

8. DSP Farm, Palghar 51,60,111.00

9. DSP Farm, Dhali 89,36,442.00

10. DSP Farm, Hichachara 3,24,900.00

Total 5,50,84,347.00

5. During the year 2015-16, the Board received an amount of `161.75 crores

(`123.00 crores)* as Grant-in-aid from the Ministry of Agriculture and Farmers

Welfare, Government of India. The expenditure of the Board during the year 2015-16

is `143.40 crores (`128.39 crores)*.

*(figures shown in brackets represent previous year figures)

The details of Grant-in-aid received for the schemes of Coconut Development Board

under "Mission for Integrated Development of Horticulture" during the year are as

under:

Sl. No. Sanction No. and Date Amount (`)

1. F.4-8/2015-MIDH(CDB) dated 03.06.2015 70,00,00,000.00

2. F.4-8/2015-MIDH(CDB) dated 27.08.2015 40,00,00,000.00

3. F.4-8/2015-MIDH(CDB) dated 08.01.2016 24,00,00,000.00

4. F.4-8/2015-MIDH(CDB) dated 10.03.2016 5,00,00,000.00

5. F.4-8/2015-MIDH(CDB) dated 31.03.2016 2,75,00,000.00

6. F.4-8/2015-MIDH(CDB) dated 31.03.2016 20,00,00,000.00

Total 1,61,75,00,000.00

6. The Unspent Grant-in-aid available with the Board as on 1.04.2015 was `1.07 crores

and the closing balance of Unspent Grant-in-aid available with the Board as on

31.03.2016 was `24.13 Cr. This includes `20.00 Cr. released to the Board as final

instalment of Grant-in-aid as on 31.03.2016 for utilizing under Integrated Farming

(LODP Schemes) for Scheduled Cast Sub Plan and Tribal Sub Plan for all Coconut

Producing States including Tamilnadu. The above unspent balances are revalidated

for utilization during the year 2016-17.

21

7. The Board is implementing the schemes Establishment of DSP Farms, Information

and Information Technology, Expansion of Area under Coconut, Technology

Demonstration, Market Promotion and Statistics, Technology Mission on Coconut,

Technical Services, Replanting and Rejuvenation of Coconut Gardens, Coconut Palm

Insurance Scheme, Kera Suraksha Insurance Scheme, Field Research Centre and New

Coconut Orchards directly and the Schemes Production and Distribution of Hybrids

and Regional Coconut Nursery through various State Governments. The Scheme

Integrated Farming is being implemented through various State Governments as well

as by the Board directly.

8. The Head Office building of the Board at Kochi, Regional Office building at Bengaluru

and the buildings at various DSP Farms are constructed on lands leased by the

Government of India (HQ building) and State Governments (Regional Office,

Bengaluru and all DSP Farms buildings). However the Pilot Testing Plant of the Board

at Vazhakulam is constructed on a land owned by the Board (the title deed of the

same is yet to be executed). A new DSP Farm is also opened during the year at

Hichachara, Tripura. The Board is also having a Technology/Information/Training

Centre and Two Trainees Hostels at Guwahati which are also owned by the Board.

The extent of leased land in possession of the Board at various DSP Farms is as

under:

Mandya - 20.00 Hectares

Abhayapuri - 40.00 Hectares

Madhepura - 35.15 Hectares

Kondagaon - 40.00 Hectares

Vegiwada - 71.80 Hectares

Neriamangalam - 20.00 Hectares

Pitapally - 43.00 Hectares

Palghar - 40.00 Hectares

Dhali - 26.53 Hectares

Hichachara - 22.00 Hectares

The cost of development expenses of the above Farms (plantation expenses) is not

capitalized.

9. The Board is having a stock of priced publications worth `9,49,263/-, coconut

seedlings worth `40,80,745/-, coconuts worth `7,51,310/- and Neera and Neera

Products worth `5,25,241/- as on 31.03.2016. The Stock is valued on the basis of the

selling price of the products.

10. The Area Expansion Programme account of the Board is maintained by the various

unit offices of the Board. This account is compiled, extracted and incorporated from

the figures depicted in the Trial Balances obtained from the Drawing and Disbursing

Officers of these unit offices concerned.

22

11. During the year 2015-16 out of `4.993 Cr. released and `0.172 Cr. revalidated to

various State Governments under Integrated Farming, Utilization Certificates

received for an amount of `3.162 Cr. The State wise details of Utilization are as

under:

(` in lakhs)

Sl. No. State UC furnished by the States

1. Tamilnadu 87.491

2. Karnataka 161.096

3. Andaman & Nicobar Islands 26.25

4. Puducherry 3.42

5. Tripura 1.75

6. Odisha 26.25

7. Maharashtra 5.25

8. Mizoram 4.70

Total 316.207

12. The Board incurred an expenditure of `0.69 lakh in foreign currencies during the

financial year 2015-16.

13. The Board purchased laboratory equipments costing `9.27 lakh on 14.07.2001 for its

Technology Development Centre, Vazhakulam, Aluva from M/s. Pelican Bio

Innovations (Pvt.) Ltd., Chennai. Since the equipments were found defective the

supplier took back the equipments on 28.01.2002 for repair and the same was not

returned to the Board. A case was filed by the Board before the Principal Sub Court,

North Paravur, Ernakulam and the case was decreed with a direction to M/s. Pelican

Bio Innovations (Pvt.) Ltd., Chennai to refund an amount of `13.54 lakh with 6%

interest. This amount is still to be received to the Board.

Sd/-

Secretary

Receipts 2015-16 2014-15 2015-16 2014-15

Opening Balances Infrastructure & Administration

Headquarters Salaries

SBT, Ernakulam 87174004.43 62484705.43 Pay of Officers & Establishment 44108702.00 43677312.00

Term Deposits 30000000.00 55000000.00 Dearness Allowance 51850556.00 46000439.00

SBBJ 3145.00 1480.00 House Rent Allowance 8039243.00 8053803.00

Pension Fund A/c 7910.50 5925.50 Bonus 632980.00 619994.00

Rejuvenation- SBT 22091656.00 33460329.00 Deputation Duty Allowance 0.00 7040.00

- UBI 42248.00 25748.00 Leave Travel Concession 1078501.00 1307134.00

- IDBI 746572.16 742572.16 Medical Reimbursement 1448773.00 1975066.00

- Indian Bank 1451211.00 1058828.00 Overtime Allowance 6218.00 14988.00

- Canara Bank 7389786.00 5131681.00 Transport Allowance 7292225.00 5429636.00

- KGB 1009901.00 246000.00 Children Education Allowance 1747780.00 1904039.00

- SIB 1268107.00 0.00 Washing Allowance 70943.00 75853.00

- Federal bank 1162932.00 0.00 Night Duty Allowance 68678.00 64341.00

- Syndicate Bank 5000.00 0.00 Special Compensatory Allowance 169131.00 173480.00

CIT Aluva Special Duty Allowance 413970.00 385682.00

SBT Aluva 220000.00 0.00 Tribal Area Allowance 25223.00 34585.00

Training Account Vazhakulam 347219.00 111478.00 Island Allowance 50704.00 49216.00

Neera Account 681998.00 0.00 Pension Contribution 1249283.00 965634.00

CPIS 1990476.42 1848203.42 Leave encashment 2869483.00 4958269.00

Regional Offices Honorarium 2500.00 3500.00

Bangalore 1631082.00 1757876.45 Festival Advance 697500.00 747350.00

- Do - Subsidy Account 13995.00 8042.00

Guwahati 589086.50 656678.50 Pension 23354577.00 21279682.00

- Do - Int. Farming Account 16152.00 13634.00 Death cum Retirement Gratuity 3627329.00 5407845.00

- Do - Subsidy Account 1000.00 1000.00

Payments

COCONUT DEVELOPMENT BOARD, KOCHI - 11

Receipts and Payments Account for the year ended 31.03.2016

(Amount - `)

23

Receipts 2015-16 2014-15 2015-16 2014-15Payments

(Amount - `)

Chennai 426743.79 349447.79 Travelling Allowance

- Do - Subsidy Account 40636.00 40973.00 Officers & Establishment 7023347.00 4827790.00

State Centres Non-official Members 375658.00 680409.00

Odisha 802972.00 576742.00

- Do - Subsidy Account 108447.00 110000.00 Office Expenses

Kolkata 500859.00 440260.55 Books & Periodicals 154978.00 151061.00

- Do - Subsidy Account 283129.00 267050.00 Vehicle Maintenance 2077380.00 1921946.00

Patna 271291.95 215510.95 Wages 2143431.00 2002748.00

- Do - Subsidy Account 174457.00 174612.00 Stationery 570527.00 656149.00

Hyderabad 375071.00 402173.00 Postage & Telephone 1417115.00 1262083.00

- Do - Subsidy Account 513.00 936.00 Energy & Water Charges 1957926.00 1871880.00

Port Blair 139351.00 151949.00 Hindi Implementation 397806.00 280173.00

- Do - Subsidy Account 16719.04 13287.04 Liveries 51373.00 22839.00

Thane 754563.00 1983441.00 Legal Expenses 1033853.00 198348.00

- Do - Subsidy Account 519558.00 0.00 Board Meeting 392726.00 431879.00

New Delhi 482908.81 200570.45 Furniture & Office Equipments 690334.00 313625.00

- Do - Subsidy Account 0.00 0.00 Maintenance of Office Building 3287640.00 1463340.00

Kondagaon Subsidy Account 7562.00 7562.00 Maint. of Furniture & Office Equipments 647151.00 386163.00

DSP Farms Parliamentary Committee 284349.00 0.00

Abhayapuri 917486.73 1444789.73 Advertisement 469099.00 246430.00

Kondagaon 356367.00 485559.00 Audit Fee 118465.00 230260.00

Madhepura 1134613.00 513139.00 Miscellaneous 2258360.18 1933206.12

Mandya 1291544.11 982892.11 Rent, Rates and Taxes 2223528.00 2196873.00

Neriamangalam 2044934.70 559544.18 Rent Advance 55500.00 0.00

Pitapally 268875.00 3580719.00 Publications 150528.00 165833.00

Vegiwada 2627902.77 270622.77 Purchase of Vehicle 1741226.00 2660939.00

Palghar 171924.00 252615.00

Dhali 604002.00 0.00

24


(Amount - `)

Grant-in-aid from Govt. of India 1617500000.00 1230000000.00 Other Charges

Interest on Deposits 3281779.00 6788023.00 Scooter Advance 30000.00 168000.00

Interest on SB A/c 3779.00 51852.00 Car Advance 176000.00 0.00

Unspent Grant-in-aid 47074974.00 14530571.00 Computer Advance 60000.00 89652.00

Recoveries on Cycle Advance 4500.00 22000.00

House Building Advance 422650.00 653123.00

Motor Car Advance 57880.00 47880.00 Technical Services 9765534.00 10076511.00

Scooter Advance 137880.00 113635.00

Personal Computer Advance 151640.00 178614.00 Schemes

Festival Advance 737580.00 707675.00 I. Production & Distribution of

Cycle Advance 16000.00 10000.00 Planting Material

(1) Establishment of DSP Farms

Other Receipts Kondagaon 3254595.00 3127958.00

Interest on Car Advance 60000.00 39095.00 Abhayapuri 3503337.00 7156958.00

Interest on HBA 713803.00 454477.00 Madhepura 2725340.00 2353177.00

Interest on Scooter Advance 25672.00 28134.00 Mandya 4004101.00 4230954.00

Interest on Computer Advance 37700.00 31791.00 Neriamangalam 2026614.00 3969570.00

Publication Receipts 921145.00 1477641.00 Vegiwada 2343638.00 3283554.00

Advertisement 14960.00 0.00 Pitapally 2986322.00 2527445.00

Application Fee 110430.00 73985.00 Palghar 3009041.00 4247889.00

Licence Fee 81940.00 65137.00 Dhali 4035483.00 772788.00

Technology Transfer Fee 334629.00 571000.00 Hichachara 4911387.00

CPS/CPF Registration Fee 936670.00 778615.00

RCMC Fee 2720146.00 2310500.00 (2) Establishment of Nurseries attached to

Sale of Coconut Seedlings 39607521.00 34032105.00 DSP Farms 55084347.00 27741429.00

Advance for Seedlings 5306000.00 0.00 (3) Establishment of Regional Coconut

Guest Room Rent 147000.00 151190.00 Nurseries 4680000.00 4700000.00

Training Fee 306250.00 68000.00 (4) Production and Distribution of Hybrid

Farm Produce 17069123.00 18386747.00 Coconut Seedlings 1800000.00 1980000.00

25


(Amount - `)

Analytical Charges 449143.00 259947.00 (5) Aid to Registered/Approved/Private

Miscellaneous Receipts 2216677.74 3232106.00 Nurseries 4230687.00 2864475.00

Proportionate Expenditure II. Expansion of Area under Coconut 18427850.00 15861142.00

Income Tax Department 481877.00 150641.00 III. Integrated Farming for Productivity

Directorate of Cashewnut 432827.00 550035.00 Improvement 340784705.00 247414828.00

IV. Technology Demonstration 4655019.00 1558027.00

TDC, Vazhakkulam Trg Receipt 0.00 620613.00 V. Market Promotion and Statistics 7058506.00 5368727.00

Neera & Neera Products sales 2109202.00 1499368.00 VI. Information and Information Technology 107782338.75 123112252.00

VII. Technology Mission on Coconut 164143230.00 135964613.00

AFS sales 1252074.00 62670.00 VIII. Replanting and Rejuvenation of Coconut 548111548.00 534410454.00

IX. Coconut Palm Insurance Scheme 3900000.00 4562922.00

Farmer payable 0.00 1698011.00 X. Kera Suraksha Insurance Scheme 796436.00 1832965.00

XI. Field Research Centre 8432829.00 5033530.00

Sale of Vehicles 164730.00 112177.00 XII. New Coconut Orchards 5100000.00 0.00

EMD 78064.00 951235.00 TDC Vazhakulam - Training Expenses 208879.00 384760.00

Pension Fund 17063.00 0.00 Farmer payable 24320029.00 0.00

Seedling Advance 0.00 1459900.00

Rent to Ministry 0.00 783915.00

26


(Amount - `)

Closing Balance

Headquarters

SBT Ernakulam 320525835.67 87174004.43

Term Deposits 20000000.00 30000000.00

NPS A/c 28752.50 7910.50

AEP (SBBJ) 7300.00 3145.00

SBT Ernakulam (Rejuvenation) 19987549.00 22091656.00

IDBI 746572.16 746572.16

UBI 44248.00 42248.00

Indian Bank 1161352.00 1451211.00

Canara Bank 1694470.00 7389786.00

KGB 1960901.00 1009901.00

SIB 983607.00 1268107.00

Federal Bank 808395.00 1162932.00

Syndicate Bank 0.00 5000.00

CPIS - Allahabad Bank 2287760.42 1990476.42

CIT Aluva

SBT Aluva 706816.00 220000.00

Training Account - Vazhakulam 438240.10 347219.00

Neera Account 710962.90 681998.00

Regional Offices

Bangalore 2637095.00 1631082.00

-do- Subsidy Account 13995.00 13995.00

Guwahati 1445793.00 589086.50

-do- Integrated Farming Account 16011.00 16152.00


Chennai 573253.04 426743.79


State Centres

Bhubaneswar 664090.00 802972.00


Kolkata 529981.48 500859.00


Patna 186652.45 271291.95


27


(Amount - `)

Hyderabad 512523.00 375071.00


Port Blair 107417.00 139351.00


Thane 601991.00 754563.00


New Delhi 361997.08 482908.81


Kondagaon - Subsidy Account 14767.00 7562.00

DSP Farms

Abhayapuri 3132278.73 917486.73

Kondagaon 2934045.43 356367.00

Dhali 2370826.75 604002.00

Hichachara 438268.00 0.00

Madhepura 1396309.71 1134613.00

Mandya 1338864.61 1291544.11

Neriamangalam 825225.38 2044934.70

Pitapally 1021938.00 268875.00

Vegiwada 300000.77 2627902.77

Palghar 742622.00 171924.00

Total 1917144721.65 1496265170.03 Total 1917144721.65 1496265170.03

Sd/- Sd/- Sd/-

Finance Officer Secretary Chairman

28

Schedule 2015-2016 2014-2015

CORPUS/CAPITAL FUND AND

LIABILITIES

Excess of Income over Expenditure 1 85,33,278.81 76,14,327.81

Current Liabilities and Provisions 2 8,24,91,896.00 7,42,70,212.00

TOTAL 9,10,25,174.81 8,18,84,539.81

ASSETS

Current Assets, Loans, Advances etc. 3 9,10,25,174.81 8,18,84,539.81

TOTAL 9,10,25,174.81 8,18,84,539.81

Sd/- Sd/- Sd/-


Coconut Development Board General Provident Fund

Balance Sheet as at 31.03.2016

(Amount - `)

29

Schedule 2015-2016 2014-2015

INCOME

Interest Earned 4 73,44,997.00 65,62,143.25

TOTAL (A) 73,44,997.00 65,62,143.25

EXPENDITURE

Interest payable to Subscribers 64,25,758.00 56,09,468.00

Other Administrative Expenses 5 288.00 270.00

TOTAL (B) 64,26,046.00 56,09,738.00

Balance being Excess of Income

over Expenditure (A-B) 9,18,951.00 9,52,405.25

Balance Surplus carried to Excess of

Income over Expenditure

(Tfd to Balance Sheet) 9,18,951.00 9,52,405.25

Sd/- Sd/- Sd/-



Income and Expenditure Account for the year ended 31.03.2016

(Amount - `)

30

2015-2016 2014-2015

SCHEDULE 1 - EXCESS OF INCOME OVER EXPENDITURE

Balance at the beginning of the year 76,14,327.81 66,61,922.56

Add: Excess of Income over Expenditure during the current year 9,18,951.00 9,52,405.25

Balance at the year end 85,33,278.81 76,14,327.81

Sd/-

Secretary



(Amount - `)

Schedule - 1

31

SCHEDULE 2 - CURRENT LIABILITIES AND PROVISIONS

Due to Subscribers as per last Balance Sheet 7,42,70,212.00 6,56,27,230.00

Add: Subscription/Refund of Loan 2,37,68,670.00 2,24,27,647.00

Add: Interest payable to Subscribers 64,25,758.00 56,09,468.00

10,44,64,640.00 9,36,64,345.00

Less: Advance/Withdrawal by Subscribers 2,19,72,744.00 8,24,91,896.00 1,93,94,133.00 7,42,70,212.00

Total 8,24,91,896.00 7,42,70,212.00

Sd/-

Secretary

2014-20152015-2016

Schedule - 2



(Amount - `)

32

SCHEDULE 3 - CURRENT ASSETS, LOANS AND ADVANCES

A. Current Assets

1. Cash with Bank (in SB Account) 635.81 13,09,841.81

2. Fixed Deposits 8,78,00,000.00 8,78,00,635.81 7,40,50,000.00 7,53,59,841.81

B. Loans, Advances and other Assets

1. Accrued Interest on Fixed Deposits 32,24,539.00 65,24,698.00

Total (A+B) 9,10,25,174.81 8,18,84,539.81

Sd/-

Secretary

2014-20152015-2016

Schedule - 3



(Amount - `)

33

2015-2016 2014-2015

SCHEDULE 4 - INTEREST RECEIPTS

Interest on SB Account 1,04,911.00 98,328.00

Interest on Fixed Deposits matured 40,15,547.00 31,03,800.25

Accrued Interest on Fixed Deposits 32,24,539.00 33,60,015.00

Total 73,44,997.00 65,62,143.25

Sd/-

Secretary

Schedule - 4

(Amount - `)



34

2015-2016 2014-2015

SCHEDULE 5 - OTHER ADMINISTRATIVE EXPENSES

Bank Charges 288.00 270.00

Total 288.00 270.00

Sd/-

Secretary

Schedule - 5

(Amount - `)



35

Receipts 2015-2016 2014-2015 Payments 2015-2016 2014-2015

Opening Balance Payment to Subscribers

Fixed Deposits 7,40,50,000.00 Withdrawals 1,37,86,140.00

SB Account 13,09,841.81 7,53,59,841.81 6,28,89,835.56 Advances 25,87,560.00

Final Payment 55,99,044.00 2,19,72,744.00 1,93,94,133.00

Subscriptions and Recoveries Bank Charges 288.00 270.00

of Advances 2,37,68,670.00 2,24,27,647.00

Interest on SB Account 1,04,911.00 98,328.00

Closing Balance

Fixed Deposits 8,78,00,000.00

Interest on Fixed Deposits 1,05,40,245.00 93,38,434.25 SB Account 635.81 8,78,00,635.81 7,53,59,841.81

Total 10,97,73,667.81 9,47,54,244.81 Total 10,97,73,667.81 9,47,54,244.81

Sd/-

ChairmanSecretary


Receipts and Payments Account for the year ended 31.03.2016

(Amount - `)

Finance Officer

Sd/- Sd/-

36

audit report 2015-2016 - coconutboard.incoconutboard.in/docs/anaccounts2015-16english.pdf · audit...

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