| SRI POTTI SRIRAMULU NELLORE DISTRICT COOPERATIVE CENTRAL BANK LTD., NELLORE | |||||
|---|---|---|---|---|---|
| PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31st March 2023 | |||||
| (All amounts are in Indian Rupees) | |||||
| S.No | PARTICULARS | Schedule | Year ended on 31.03.2023 | Year ended on 31.03.2022 | |
| INCOME | |||||
| 1 | Interest Earned | 13 | 1,38,97,79,907.94 | 1,03,83,22,399.09 | |
| 2 | Other Income | 14 | 2,76,21,565.97 | 1,81,70,228.55 | |
| Total :: | 1,41,74,01,473.91 | 1,05,64,92,627.64 | |||
| Expenditure | |||||
| 3 | Interest expended | 15 | 84,58,65,936.11 | 67,86,12,597.02 | |
| 4 | Operating expenses | 16(A) | 22,34,16.833.15 | 17,00,95,469.67 | |
| 5 | Loss Provisions and contingencies | 16(B) | 13,39,76,687.89 | 2,15,89,001.55 | |
| Total :: | 1,20,32,59,457.15 | 87,02,97,068.24 | |||
| PROFIT/LOSS | |||||
| Profit for the year | 21,41,42,016.76 | 18,61,95,559.40 | |||
| 6 | Income Tax | 4,95,70,950.00 | 5,33,32,080.00 | ||
| Total :: | 16,45,71,066.76 | 13,28,63.479.40 | |||
| APPROPRIATIONS | |||||
| 1Transfer to Statutory Reserve Fund | 50% | – | 6,64,31,739.70 | ||
| 2Transfer to Risk Fund | 10% | – | 1,32,86,347.94 | ||
| 3. Transfer to Dividend Equilisation Fund | 15% | – | 1,99,29,521.91 | ||
| 4.Transfer to Tech.Adoption Fund | 10% | – | 1,32,86,347.94 | ||
| 5.Transfer to Common Good Fund | 5% | – | 66,43,173.97 | ||
| 6. Transfer to BuildingFund | 10% | – | 1,32,86,347.94 | ||
| Total:: | 100% | – | 13,28,63,479.40 | ||
| Significant Accounting policies | 17 | ||||
| Notes on Accounts | 18 | ||||
| As per our report of even date | For and on the behalf The District Cooperative Central Bank Limited, Nellore | ||||
| M/s R. Ramesh Babu and Co., | |||||
| Chartered Accountants, | |||||
| Partner | (Dr.C. Sankara Babu) | ||||
| M.No.228570 | |||||
| Place : Nellore | |||||
| Date : | |||||
