Report on the Financial Statements

We have audited the accompanying financial statements of KARNATAKA STATEUNORGANISED WORKERS SOCIAL SECURITY BOARD, which comprise the BalanceSheet as at 31 March 2018, & the Statement of Income & Expenditure & Receipt and paymentaccount for Jhe^year_ended, and a summary of significant accounting policies and other^xplanatory information.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true andfair view of the financial position & financial performance of the Board in accordance with theGenerally Accepted Accounting Principles in India. This responsibility includes the design,implementation and maintenance of internal control relevant to the preparation and presentationof the financial statements that give a true and fair view and are free from materialmisstatement, whether due to fraud or error.

g\A^' Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with the Standards on Auditing issued by the Institute ofChartered Accountants of India. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free from material misstatement..

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the Board's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.We believe that the audit evidence^sdaai^obtained is sufficient and appropriate to provide abasi

INDEPENDENT AUDITOR^S REPORT

Poojari & AssociatesChartered Accountants

No. 12,1st Floor, Temple Court Apartments,3rd Temple Road, 15th Cross, Malleswaram,

Bangalore - 560 003Phone : 23469928, Fax : 23469929

E-mail: poojariassociates@gmail.commanjuinchara@yahoo.co.ir^

www.poojariassociates.iii

\.C Shy am, B.com., f.ca.

U.K Ramesh, B.com., f.ca.

" NishaKJain, b.bm. f.ca.

artnerMembership number: 224935

Place: BangaloreDate: 10.11.2018

For Poojari and AssociatesChartered AccountantsFirm's registratioa-^^o^ber: 005754S

Opinion

In our opinion and to the best of our information and according to the explanations given to us,the financial statements give the information required by the Act in the manner so required andgive a true and fair view in conformity with the accounting principles generally accepted inIndia:

i. In the case of the balance sheet, of the state of affairs of the Board as at 31 March 2018;

ii. In the case of the Income & Expenditure, of the excess of income over expenditure for theyear ended 31 March 2018;

A.SIGNIFICANT ACCOUNTING POLICIES:

1.These financial statements have been prepared in accordance with the applicable accountingstandards and in accordance with the relevant disclosers' requirements.

2.These financial statements have been prepared in accordance with the historical costconvention method and on accrual basis.

3.Fixed assets are disclosed in the accounts at historical cost together with all costs directlyattributable to their acquisition.

4.Depreciation is provided on the written down value method and as per the rates specifiedunder the Income Tax Act, 1961.

5.Grants in Aid:

i) All Government grants are accounted on receipt basis, though the accounts are prepared

on accrual basis.

ii) Government Grant received towards Karnataka State Private Commercial vehicleDrivers Accident Benefit Scheme is treated as capital grants and revenue grants and hasbeen shown under Accident Benefit grants account.

iii) Government Grant received towards NPS Lite Swavalambana Scheme is treated ascapital grants and has been shown under NPS Lite Swavalambana grants account.

iv) Government Grant received towards Single Window Service Scheme is treated as

revenue grants and has been shown under Single Window Service grants account.

v) Grant received towards administrative expenses is treated as revenue receipts and hasbeen credited to income and expenditure account.

vi) Interest earned on fixed deposits is accounted on receipt basis.

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS FOR THE YEAR2017-18

KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD:

Joint Secretary

for KARNATAKA UNORGANISED WORKERSSOCIAL SECURITY BOARD

Shyn.HfcPartnerMembership number: 224935Place: BangaloreDate: 11.10.2018

For Poojari and AssociatesChartered AccountantsFirm's registration number: 005754S

B.NOTES ON ACCOUNTS

1.The Board has released an amount of Rs. 10,00^000^00/- from Grants Received from StateGovernment towards Smart Card Contribution for road side seller expenditure out of totalgrants of Rs.95,200.00/- and available grants Rs.9,99,04,800.00

2.The Board has released an amount of Rs. 17,50,00,000.00 /- from Accident Benefit grantsaccount towards Insurance payment and promotional expenses out of total grants ofRs. 13,00,15,074.00/-

3.Interest earned on CLKCC A/c amounting to Rs.27,63,813.00/- is treated as grants fundsand credited to respective grants account and utilized for the same purpose.

4.Previous year's figures have been regrouped and rearranged wherever necessary.

Joint SecretaryShyam.HCPartner

Membership number: 224935

Place: BangaloreDate: 10.11.2018

For KARNATAKA STATE UNORGANISED WORKERSSOCIAL SECURITY BOARD

ror Poojari and AssociatesChartered AccountantsFirm's registration numb

" ^:,s^;;^.. 36,19,61,203Total36,19,61,203Total

13,37122,04,368

34,79,87,219

5,066

1,17,51,179

DepositsLoans and AdvancesCash at BankCash in Hand

Fixed Assets (as per Schedule)

10,36,5527,73,3056,05,397

35,95,45,949Capital Fund

Current Liabilities &Provisions:Sundry CreditorsProvisionsOther Liabilities

Amount in RsAssetsAmount in RsLiabilities „.

KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARDKarmika Bhavan, Bannerughatta Road, Bangalore-560029

BALANCE SHEET AS AT 31 MARCH 2018

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\

j II Joint Secretary9 jj

SOCIAL SECURITY BOARDFor KARNATAKA STATE UNORGANISED WORKERS

1,62,73,6611

327,63,83,0006,848

1,35,00,000

Amount in Rs. •

Total

By Interest from Bank on CLKCC A/CBy other incomeBy Interest from Bank on SB A/CBy Administration Grant

Income

1,62,73,661

15,90,631

9,40,8281,12,100

32,0657,93,881

50,00024,773

9,8494,29,7611,35,4873,00,817

81864,34348,80225,722

67,86,70657,790

1,09,7511,20,2171,65,735

25,23644,48,349

Amount in ' Rs.

Date: 10.11.2018

Place:Bangalore

Membership number: 224935 ^|%ER^^^Partner yil^C _^g?Shyam.HC y il1^ ^^ /t

Fi^lTs registration number: 005754SCl^^ered Accountants

For Poojari and Associates

' ^^'/'"%[/"fu /.Total " \ 1

Transferred to Capital

To Excess of Income Over Expenditure

To DepreciationTo Audit FeesTo Office Expenses

To Web devalopment chargesTo Income Tax appeal Filing ChargesTo Postage & Courier

To Computer Maintainances

To Fuel Charges

T^^^'ehicle Expenses

To Advertisement

To Bank Charges

To Charge Allowance

To Rates and taxes

To Repairs & Maintanance

To Medical exepenses

To Travelling and Allowances

To Telephone ChargesTo Printing & StationeryTo Meeting Expenses

To Leave Salary Contribution Expenses

To Salary

Expenditure

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2018

Karmika Bhavan, Bannerughatta Road, Bangalore-560029 1KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD j

)

Joint Secretary

BOARDFor KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY

; . 29,95,82,696

12,14,75,3135,066

(3,87,962\

73,80,22'

27,15,1743,89,000

2,20,42,900[11,97,57,850

14,07,500

98,80g47,23,040

3,87,4132,69,440

17,37067,50,893

1,13,2724,60,664

1,16(171,24,000

35,8 IB81,31057,092

8,8742,86,8811,21,157

42,60,428

Amount in Rs.

^'^-.-'''•'•-' •*.,wi^,,.." Total .J ,,*^ .j .•'••• ,)^••.•"•'^-.'

CLKCC A/cCash in handCash at BankClosing BalanceTraining Programme ExpensesAccident Life Savers Scheme :Tata Aig-AdvanceComputers & Furnitures - SWSSingle Window Service Scheme:NPS Matching ContributionNational Pension System Scheme:Insurance PremiumAdvertisement Charges-Accident SchemeAccident Scheme:Rates and TaxesConstruction ChargesAdvertisement ChargesOffice ExpensesPostage & CourierKit TransferredComputer MaintenancesVehicle ExpensesBank ChargesRecord MaintananceMedical Kit and Re-embursementsRepairs & MaintananceTravelling and AllowancesTelephone ChargesPrinting & StationeryMeeting ExpensesSalary

Payments

/::< 29,95,82,696

11,35,00,0001,00,00,000

10,36,10017,50,52,832

11,0744,353

(21,663)

Amount in Rs.

Date: 10.11.2018Place:Bangalore

Membership number: 724935*;Jf^*^^^

Partner ^^^^^-^^^s^Shyam.HC \ V^^^'^iJ'

Firm's registration number: 0^5^tS^^^Chartered AccountantsFor Poojari and Associates

•• • :T^:-' Total r -•••'_^Y^^rr/;

P

Grants Received for Smart Card SchemeGrant Received for Pension schemeGrant Received for Accident Life savers schemeGrant Received for Accident scheme

Bank InterestCash in handCash at BankOpening Balance

Receipts

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2018

Karmika Bhavan, Bannerughatta Road, Bangalore-560029KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARD

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22,71,

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35,95,45,949Total (a)+(b)+(c )+(d)+(e)

9,99,04,800

10,00,00,00095,200

1,52,11,447

73,83,2001,00,00,000

21,71,753

38,16,75138,16,751

17,44,94,973i

13,00,15,07430,45,10,047

13,94,57,21516,50,00,000

20,5B9

32,293

3,61,97,854

2,20,42,9005,82,40,754

4,82,36,5281,00,00,000

4,226

2,99,20,124

2,83,29,49315,90,631

(f)

(e)

(d)

(c)

(b)

(a)

SMART CARD SCHEME ACCOUNTAdd :Grants Received from GOKLess: Utilization

Note: 1 CAPITAL FUND :GENERAL FUND ACCOUNT:Opening BalanceAdd: Excess of income over Expenditure

Closing Balance as on 31.3.2018

PENSION SCHEME GRANTS FUND ACCOUNT :Opening BalanceAdd: Grants received from GOKAdd: Interest on SB-120005

TotalLess:Utilisation of Grants

Unutilized Grant Fund as on 31.3.2018

ACCIDENT SCHEME GRANTS FUND ACCOUNT ;Opening BalanceAdd: Grants received from GOKAdd: Registration FeesAdd: Interest on CLKCC-120004Add: Interest on SB-120004

TotalLess:Utilisation of Grants

Unutilized Grant Fund as on 31.3.2018

SINGLE WINDOW SERVICES FUND ACCOUNT:Opening BalanceUnutilized Grant Fund as on 31.3.2018LIFE SAVERS SCHEME FUND ACCOUNT :Opening BalanceAdd :Grants Received from GOKLess:Utilisation of Grants

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Amount in Rs.Particulars

KARNATAKA STATE UNORGANISED WORKERS SOCIAL SECURITY BOARDKarmika Bhavan, Bannerughatta Road, Bangalore-560029

SCHEDULES TO BALANCESHEET AS AT 31 MARCH 2018

5,066

^ "'?".'.^' 34,79,873191

19,264-38,755

-3,68,47117,79,138

3,83,09,65518,50,59,57912,32,26,809

'. 22,043688,06,313

2,3969,84,6754,10,984

.. V. ,,,.' ' 13371/

13,371

.. .- , 6,05397

83,254800533

3,51017,000

3005,00,000

" " ' 7,73305?

4,24,1162,87,494

51,10210,593

'.. . " 1036,5521

2,54,5711,96,171

18,3393,89,003

69,1606,013

71,40031,895

Amount in Rs.

. . . Total

Cash in HandNote: 9 Cash in Hand:

t '. . ,Y.\ .1'.. ,Y \, ;yy.;;.. Total .Z''.'.". "\i""'.. "Z •"""".

Corporation Bank A/c -120005 - Pension SchemeCorporation Bank A/c -120004 - Accident SchemeCorporation Bank A/c -110003 - GeneralAccrued interestCLKCC A/c at Corporation Bank -120005 - Pension Scheme FundCLKCC A/c at Corporation Bank -120004 - Accident Scheme FundCLKCC A/c at Corporation Bank -110003 - General

Note: 8 Bank Account:

. ' Total " " ".' ' ' /'".';,, 'I,

_ TDS on 2017-18|^ Assistant Labour Commissioner Bellary Division, Davanagere

Tata Aig

TDS ReceivableNote: 7 Loans and Advances and other current assets:

^ . . '.... ..'•",;.:.," ':•'"' Total.- '::'.",..:;,.... .;v,;.y, .\Y,Y"

Telephone DepositsNote: 6 Deposits

.,'"". Total ... '.!'... ..'-.. "' . '....

TDS PayablesProfessional tax PayableLIC PayableKGIDGPFGIS payable

Security Deposit-IIMPSNote: 4 Other Liabilities:

'. '..'"'"!. '*. .'"'.'.'".'" ' '." 'IT. Total',".?"!.." ." .Y"7"."\"" ,Y"*'Y

salary payableGajanana EnterprisesAudit fees payableTelephone charges payable

Note: 3 Provisions:

^ /.•. s-.r^... ;>^^^;,8.^^i,..8,:.-'j 8.^:>*i..tAS;ar.-^.Total , . ...'.-..

CAMSSri Siddarth informatic Pvt LtdSri Guruvaibhav EnterprisesNIC National informatic centreKarnataka rural Infrastructure Devalopment LtdMyshore IT Solutions Pvt LtdPFRDAAlankit Assignment

Note: 2 Sundry Creditors:

Particulars • . , .