65I P I R T I Annual Report 2012-2013
G.S.KRISHNAMURTHY, M.Com, B.L., FCA
Partner
S.R.R.K. SHARMA ASSOCIATES
Chartered Accountants
Office:
Pranava Complex,
Mezzanine Floor, Vth Cross,
Malleshwaram, Bangalore - 560 003
Ph : 23366990
E-mail : [email protected]
The Members of Date: 13.07.2012
INDIAN PLYWOOD INDUSTRIES
RESEARCH & TRAINING INSTITUTE
P.B. No. 2273, Tumkur Road,
Bangalore – 560 022.
AUDIT REPORT
We have audited the Balance Sheet of “ Indian Plywood Industries Research & Training
Institute” # 2273, Tumkur Road , Bangalore -22 . as at 31st March 2013 and the Income and Expenditure
Account for the year ended on that date, and a summary of significant accounting policies and other explanatory
information annexed thereto.
Management’s responsibility for the financial Statements
This executive Committee Members of Indian Plywood Industries Research &Training Institute
responsible for the Preparation of these financial statements in accordance with the requirements of Karnataka
societies Registration Act, 1960. This responsibility includes the design, implementation and maintenance of
Internal control relevant to preparation of the financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of
India. Those standards require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
the financial statements. The procedures selected depend on the auditors judgment, including the Assessment
of the risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessment, the auditor considers internal control relevant to the Associations preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, An audit also includes evaluating the appropriateness of accounting estimates made by the
management, as well as evaluating the overall presentation of the financial statements.
Regi: 127/5, 1st Cross, Housing Board Colony, Magadi Road, Govindaraja Nagar, Bangalore – 560079 / 23351450
66 I P I R T I Annual Report 2012-2013
Opinion
In our opinion and to the best of our information, and according to the explanation given to us, the said
accounts read with the schedules and notes thereto, are prepared, in all material respects, in accordance with
the Karnataka Societies registration Act, 1960 and give true and fair view:
1. In case Balance sheet, of the State of Affairs of the above named Institute as at 31st March 2013.
2. In case of the Income and Expenditure Account, of the surplus, being the Excess of Income over
Expenditure of its accounting year ended 31st March 2013.
For S.R.R.K. SHARMA ASSOCIATES
Chartered Accountants.
Firm registration No: 003790S
Sd/-
(H.R. Ramaswamy)
Partner.
Membership No.207116
67I P I R T I Annual Report 2012-2013
CORPUS/CAPITAL FUND AND SCHEDULE CURRENT PREVIOUS
LIABILITIES YEAR YEAR
CORPUS/CAPITAL FUND 1 362692111 333730505
RESERVES AND SURPLUS 2 4626415 3585554
EARMARKED/ENDOWMENT FUNDS 3 49455 38029
SECURED LOANS AND BORROWINGS 4 12404573 10175850
UNSECURED LOANS AND BORROWINGS 5
DEFERRED CREDIT LIABILITIES
(Deposit Received) 6
CURRENT LIABILITIES AND PROVISIONS 7 3866339 6315248
TOTAL 383638892 353845186
ASSETS
FIXED ASSETS 8 174156018 176397617
INVESTMENTS- FROM EARMARKED/
ENDOWMENT FUNDS 9
INVESTMENTS- OTHERS 10 194380309 163616624
CURRENT ASSETS, LOANS, ADVANCES ETC 11 15102565 13830945
MISCELLANEOUS EXPENDITURE
(to the extent not written off or adjusted)
TOTAL 383638892 353845186
SIGNIFICANT ACCOUNTING POLICIES 0
CONTINGENT LIABILITIES AND
N0TES ON ACCOUNTS
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
BALANCE SHEET AS AT 31.03.2013
68 I P I R T I Annual Report 2012-2013
INCOME SCHEDULE CURRENT YEAR PREVIOUS YEAR
Income from Sales/Services 12 4272966 3750743
Grants/Subsidies (Plan & Non Plan) 13 95460000 95500000
Fees/Subscriptions 14 3974014 3092734
Income from Investments( Income on Investment.
from earmarked/endow. Funds transferred to Funds) 15 11688 0
Income from Royalty, Publication etc 16 48518 37103
Interest Earned 17 13538821 12848879
Other Income 18 2342766 569485
Increase/(decrease) in stock of Finished Goods and WIP 19 0 0
TOTAL(A) 119648773 115798944
EXPENDITURE
Establishment Expenses 20 42527730 41913450
Other Administrative Expenses (Plan & Non Plan) 21 0 14877524
Expenditure on Grants, Subsidies etc. 22
Interest 23
Depreciation (Net total at the year end-
corresponding to Schedule 8) 27378944 28518873
TOTAL (B) 69906674 85309847
Balance being excess of Income over Exoenditure (A-B) 49742099 30489097
Transfer to / from General Reserve
Transfer to Special reserve (R&D Growth Fund) 3965899 2878312
Transfer to Special reserve (upgradation of Sci Skills 991475 719578
BALANCE BEING SURPLUS/(DEFECIT)
CARRIED TO CORPUS/CAPITAL FUND 44784725 26891207
SIGNIFICANT ACCOUNT POLICIES 24
CONTINGENT LIABILITIES AND NOTES
ON ACCOUNTS 25
Grand Total 44784725 26891207
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31.03.2013
69I P I R T I Annual Report 2012-2013
RECEIPTS Current Year Previous Year PAYMENTS Current Previous
2013 2012 Year 2013 Year 2012
I. Opening Balances I. Expenses
a) Cash in hand 48861 106207 a) Establishment Expenses 42527730 39233408
(Corresponding to Schedule 20)
b) Bank Balances b) Administrative Expenses 22985286 14544277
(Corresponding to Schedule 21)
i) Incurrent accounts 5992001 5139165
ii) In deposit accounts 500
iii) Savings accounts 20826 20826
II. Grants Received (Plan & Non Plan) II. Payments made against funds for various projects
a) From Government of India 97960000 93000000 (Name of the fund or project should be
b) From State Government shown along with the particulars of
c) From other sources (details) payments made for cash project)
(Grants for capital & revenue exp.
To be shown separately)
III. Income on Investments from III. Investments and deposits made
a) Earmarked/Endow. Funds a) Out of Earmarked/Endowment funds
b) Own Funds (Oth. Investments) b) Out of Own Funds
(Investments-Others) 30144612 41456214
IV. Interest Received IV. Expenditure on Fixed Assets & Capital Work-in-Progress
a) On Bank deposits 10160896 10168960 a) Purchase of Fixed Assets 25137345 45456442
b) Loans, Advances etc. 503720 107305 b) Expenditure on Capital Work-in-progress
V. Other Income (Specify) 10786466 7291204 V. Refund of surplus money/Loans
Car Charges Recovered 5280 a) To the Government of India
b) To the State Government
c) To other providers of funds
VI. Amount Borrowed 99769334 VI. Finance Charges (Interests)
VII. Any other receipts (give details) VII. Other Payments (Specify) 4161988 1593735
FD Matured and other Advance 1457000 26798510 VIII. Closing Balances
Other Project Receipts 5067664 5698502 a) Cash in hand 187138 48861
b) Bank Balances
i) in current accounts 6796410 5955902
ii) in deposit accounts
iii) saving accounts 57425 47120
TOTAL 131997934 148335959 TOTAL 131997934 148335959
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
RECEIPTS AND PAYMENTS FOR THE PERIOD / YEAR ENDED 31-03-2012
70 I P I R T I Annual Report 2012-2013
SCHEDULE1 - CAPITAL FUND: 31.03.2013 31.03.2012
Balance as at the beginning of the year 312466108 239103671
Add: Contribution to Corpus/Capital Fund
Add/(Deduct): Balance of net income(expenditure transferred from the
Income and Expenditure Account 22657813 46471230
335123921 285574901
CORPUS FUND
Balance as at the beginning of the year 21264397 10080510
Add: Contribution to Corpus/Capital Fund 197546 5114596
Add/(Deduct): Balance of net income(expenditure transferred from the
Income and Expenditure Account 3965899
Add : Interest on FD 2140347
27568189 15195106
BALANCE AS AT THE YEAR END 362692111 300770007
SCHEDULE2- RESERVES AND SURPLUS CURRENT PREVIOUS
YEAR YEAR
1. Capital Reserve:
As per last Account
Addition During the year
Less: Deductions during the year
2.Revaluation Reserve:
As per last Account
Addition During the year
Less: Deductions during the year
3.Special Reserves:
Upgradation on Scientific Skills
Opening Balance 3518954 2001631
Add: Contribution to Corpus/Capital Fund 49386 794116
Add/(Deduct): Balance of net income(expenditure transferred from the
Income and Expenditure Account 991475 723207
4559815 3518954
4. General Reserve: Entrance Fee Fund
As per last Account 66,600 66,600
Addition During the year
Less: Deductions during the year 66,600 66,600
TOTAL 4626415 3585554
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
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SCHEDLUE3- FUND-WISE TOTALS
EARMARKED/ENDOWMENT FUNDS BREAK UP
Dr.Narayana Mr.Keith Citabul Arunachal Shivhari Alumni IPIRTI Old
Murthy Baddley Endow- Pradesh Plywood Assocaition Student Current Previous
Endow- Endow- nment Endown- India Fund Trainee Year Year
nemnt nemnt fund ment Pvt Ltd (old Fund
Fund Fund Fund Endown- Students
ment fund)
Fund
a) Opening balance of the funds 5293 4105 4459 5078 12901 900 5293 38029 39129
b) Additions to the Funds:
i. Donations/grants 2179 1752 1333 2054 4108
ii. Income from investments
made on accounts of funds
iii. Other additions (specify nature)
TOTAL (a+b) 7472 5857 5792 7132 17009 900 5293 49455 39129
c) Utilisation/Expenditure towards
objectives of funds
i. Capital Expenditure
-Fixed Assets
-Others
Total
ii. Revenue Expenditure
- Salaries, Wages and allowances etc
- Rent
- Other Administrative expenses 0 0 0 0 0 1100
(Plan & Non Plan)
Total
TOTAL ( c ) 0 0 0 0 0 0 0 0 1100
NET BALANCE AS AT THE YEAR END (a+b-c) 7472 5857 5792 7132 17009 900 5293 49455 38029
Notes:
1) Disclosures shall be made under relevant heads based on conditions attaching to the grants.
2) Plan Funds received from the Central/ State Government aer to be shown as separate Funds and not to mixed up with other funds
72 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2012
SCHEDULE4- SECURED LOANS AND BORROWINGS CURRENT YEAR PREVIOUS YEAR
1. Central Government
2. State Government (Specify)
3. Financial Institutions
a) Term Loans
b) Interest accrued and due
4. Banks:
a) Term Loans
- Interest accrued and due
b) Other Loans (Specify)
- Interest accrued and due
5. Other Institutions and Agencies
6. Debentures and Bonds
7. Others (Specify)
Old Students Taining Fund
Running Projects 9894340 6728501
Deposit Received 2510233 3447349
TOTAL 12404573 10175850
Note: Amounts due within one year
73I P I R T I Annual Report 2012-2013
SCHEDULE5- UNSECURED LOANS AND BORROWINGS CURRENT YEAR PREVIOUS YEAR
1. Central Government
2. State Government (Specify)
3. Financial Institutions
4. Banks:
a) Term Loans
b) Other Loans (Specify)
5. Other Institutions and Agencies
6. Debentures and Bonds
7. Fixed Deposits
8. Others (Specify)
TOTAL
Note: Amounts due within one year 0 0
SCHEDULES6- DEFERRED CREDIT LIABILITIES CURRENT YEAR PREVIOUS YEAR
a) Acceptances secured by hypothecation of capital
equipment and other assets
b) Others
TOTAL
Note: Amounts due within one year
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
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FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULE8- FIXED ASSETS GROSS BLOCK DEPRECIATION NET BLOCK
DESCRIPTION Cost/Valuation Additions Deductions Cost/Valuation As at the On Additions On Deductions Total As at the As at the
as at the during the during the at the year beginning during the during up to the Current Previous
beginning of year year end of the year Year the year Year year-end year- end
the year end
A.FIXED ASSETS
1. LAND
a) Freehold (Bangalore, Kolkatta) 224,228 224,228 224,228 224,228
b) Leasehold 0 0 0
2. BUILDINGS 0 0 0
a) On Freehold Land (Bangalore,
Kolkatta) 33309921 17023930 50333851 5033385 5033385 45300466 33309921
b) On Leasehold Land 0 0 0 0
c) Ownership Flats/ Premises 0 0 0 0
d) Superstructures on Land not 0 0 0 0
belonging to the entity 0 0 0 0
3. PLANT & MACHINERY
& EQUIPMENT
Bangalore 65887559 5120829 0 71008388 10651258 10651258 60357130 65887559
4. VEHICLES 1385369.95 1385369.95 207806 207806 1177564 1385370
5. FURNITURE, FIXTURES
(Bangalore, Kolkatta) 1773743.4 1773743.4 177374 177374 1596369 1773743
6. OFFICE EQUIPMENTS
(Bangalore, Kolkatta) 918129.2 6188 924317.2 138648 138648 785669 918129
7. COMPUTER PERIPHARALS
(Office Equipment) 0 0 0 0 0 0 0 0
8. ELECTRIC INSTALLATIONS
( Bangalore, Kolkatta) 4245724.8 4245724.8 424572 424572 3821153 4245725
9. LIBRARY BOOKS ( Bangalore,
Kolkatta, Mohali) 2518306.9 367879 2886185.9 432928 432928 2453258 2518307
10. TUBEWELL &
WATER SUPPLY
( Kitchen Equip) 123,154 28631 151785 22768 22768 129017 123154
11. OTHER FIXED ASSETS 66011480.25 2589888 68601368.3 10290205 10290205 58311163 66011480
TOTAL OF CURRENT YEAR 176397616.4 25137345 0 201534961 26459642 27378944 27378944 174156018 176397616
75I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
SCHEDULE7- CURRENT LIABILITIES AND PROVISIONS CURRENT YEAR PREVIOUS YEAR
B.PROVISIONS
1. Acceptance
2. Sundry Creditors
a) For Goods and Services 190223 3274400
b) Others
3. Advances Received
4. Interest accrued but not due on:
a) Secured Loans/ borrowings
b)Unsecured Loans/ Borrowings
5. Statutory Liabilities:
a) Overdue 102665 15879
b) Others 28872 11680
6. Other Current Liabilities 53,179
TOTAL (A) 321760 3301959
B.PROVISIONS
1. Taxation
2. Gratuity
3. Superannuation/Pension
4. Accumulated Leave Encashment
5. Trade Warranties/Claims
6. Others (Specify) 3544579 3013289
TOTAL (B) 3544579 3013289
TOTAL (A+B) 3866339 6315248
76 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
SCHEDULE9- INVESTMENTS FROM EARMARKED/ CURRENT YEAR PREVIOUS YEAR
ENDOWMENT FUNDS
Previous Year
1. In Government Securities
2. Other approved Securities
3. Shares
4. Debentures and Bonds
5. Subsidiaries and Bonds
6. Others
TOTAL 0
SCHEDULE10- INVESTMENTS- OTHERS Current Year Previous Year
1. In Government Securities
2. Other approved Securities
3. Shares
4. Debentures and Bonds
5. Subsidiaries and Bonds
6. Others (to be specified)
Fixed Deposits 170568504 163081819
Fixed Deposits of R&D Growth Fund with SBM 23277000
Statutory Deposits with various Govt Organisation 533144 533144
UNESCO Coupons 1,661 1,661
TOTAL 194380309 163616624
77I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
SCHEDULE11- CURRENT ASSETS, LOANS, ADVANCES ETC CURRENT YEAR PREVIOUS YEAR
A. CURRENT ASSETS:
1. Inventories
a) Stores and Spares 584536 616932
b) Loose Tools
c) Stock-in-trade
Finished Goods
Work-in-Progress
Raw Materials
2. Sundry Debtors
a) Debts Outstanding for a period exceeding six months
b) Others 101654 101654
3. Cash Balances in hand (including cheques/drafts and imprest) 187138 48861
4. Bank Balances:
a) With Scheduled Banks
- On Current Accounts 6013925 5954705
- On Deposit Accounts (includes margin money)
- On Savings Accounts 96751 20826
b) With non- Scheduled Banks
- On Current Accounts 24948 36599
- On Deposit Accounts (includes margin money)
- On Savings Accounts
IPIRTI Branch 782485
5. Post Office Savings 500
TOTAL (A) 7791437 6779577
78 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
CURRENT YEAR PREVIOUS YEAR
SCHEDULE 11 –CURRENT ASSETS,LOANS,
ADVANCES ETC.(Cont.)
B.LOANS,ADVANCES AND OTHER ASSETS
1. Loans:
a) Staff 1414099 1917819
b) Other Entities engaged in activities/objectives
similar to that of the Entity
c) Other(Specify) 41,689
2. Advances and other amounts recoverable in cash or
in kind or for value to be received:
a) On Capital Account
b) Prepayments
c) Others from CPF trust 59,835
3.Income Accrued:
a) On Investments from Earmarked/Endowments Funds
IPIRTI Benovelent Fund-(B) 1,100 1,100
b) On Investments-Others
c) On Loans and Advances
d) Others (includes income due unrealized - Rs......)
Interest on FD Accured 5881678 2572614
4. Claims Receivable Grants Receivable 2,500,000
Service Tax 15351
TOTAL (B) 7311128 7051368
Total (A+B) 15102565 13830945
79I P I R T I Annual Report 2012-2013
SCHEDULE 12 – INCOME FROM SALES/SERVICES Current Year Previous Year
1) Income from Sales
a) Sale of Finished Goods
b) Sale of Raw Material
c) Sale of Scraps
2) Income from Services
a) Testing Charges 3708592 3709858
b) Labour and Processing Charges
c) Professional /Consultancy Services 40885
d) Agency Commission and Brokerage
e) Maintenance Services(Equipment/Property)
f) GSLI 6644
g) Application fees 12450
Transfer of Technology 540000
Car Charges Recovered 5280
e) Others(Specify)
TOTAL 4272966 3750743
SCHEDULE 13 –GRANTS/SUBSIDIES
(Irrevocable Grants& Subsidies Received)
1) Central Government Grants Receivable Plan 2,500,000
1) Central Government Grants Received Plan 73500000 70000000
1) Central Government Grants Received Non Plan 21960000 23000000
2) State Government
3) Government Agencies
4) Institutions/Welfare Bodies
5) International Organisations
6) Others(Specify)
TOTAL 95460000 95500000
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE AS AT 31.03.2013
80 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013
SCHEDULE 14 –FEES/SUBSCRIPTION CURRENT YEAR PREVIOUS YEAR
1) Entrance Fees 17,708
3) Seminar/Program Fees 344,485
4) Consultancy Fees (transfer of technology) 341400 170000
5) Others(specify)
Vocational Training Fees 2393304 1511687
Hostel Lodging Charges 329310 422309
Contributions from Members 910000 626545
Total 3974014 3092734
Note – Accounting Policies towards each item are to be disclosed
SCHEDULE 15-INCOME FROM INVESTMENTS
(Income on Invest .from Earmarked/Endowment funds
transferred to Funds)
1. Interest
a)On Govt. Securities
b)Other Bonds/Debentures
2. Dividends:
a)On Shares
b)On Mutual Fund Securities
3. Rents
4. Others(Specify) 11688
TOTAL 11688
TRANSFERRED TO EARMARKED/ENDOWMENT FUNDS
Amount-(Rs)
81I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE
FOR THE PERIOD/YEAR ENDED 31.03.2013
SCHEDULE 16 – INCOME FROM ROYALTY, PUBLICATION ETC. CURRENT YEAR PREVIOUS YEAR
1) Income from Royalty 48518 37103
2) Income from Publications
3) Others (specify)
TOTAL 48518 37103
SCHEDULE 17 – INCOME FROM ROYALTY, PUBLICATION ETC.
1) On Term Deposits: 7588282 12741574
a) With Scheduled Banks 5881678
b) With Non-Scheduled Banks
c) With Institutions
d) Others
2) On Saving Accounts:
a) With Scheduled Banks
b) With Non—Scheduled Banks
c) Post Office Savings Accounts
d) Others
3) On Loans:
a) Employees/Staff 68861 107305
b) Others
4) Interest on Debtors and Other Receivables
TOTAL 13538821 12848879
Note – Tax deducted at source to be indicated
82 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE
FOR THE PERIOD/YEAR ENDED 31.03.2012
SCHEDULE 18 –OTHER INCOME CURRENT YEAR PREVIOUS YEAR
1) Profit on Sale/disposal of Assets:
a) Owned assets
b) Assets acquired out of grants, or received free of cost
2) Export Incentives realized
3) Fees for Miscellaneous Services 1513771 410624
4) Miscellaneous Income 158861
Parliamentary Committee Members 136552
Visit of Parliment Members 209621
IFS Office Training NPB 478381
Century Plyboard Pvt Ltd 55
Life Cycle Assessment 4257
Greenply (Gold Medal) 59
RTI Information NP 70
TOTAL 2342766 569485
SCHEDULE 19 – INCREASE/(DECREASE) IN STOCK OF
FINISHED GOODS & WORK IN PROGRESS
a) Closing stock
- Finished Goods
- Work-in-progress
b) Less: Opening Stock
- Finished Goods
- Work-in-progress
NET INCREASE(DECREASE) [a-b] 0
SCHEDULE 20 – ESTABLISHMENT EXPENSES
a) Salaries and Wages ( Non Plan) 11263543 10527221
Salaries and Wages ( Plan) 25257057 21783398
Salaries and Wages ( Accured) 2680042
b) Allowances and Bonus 188531 182776
c) Contribution to Provident Fund 2967300 1150620
d) Contribution to other Fund (specify) Contribution to Family 284708 1895441
e) Staff Welfare Expenses
f) Expenses on Employees’ Retirement and Terminal Benefits
g) Other (specify)
83I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE
FOR THE PERIOD/YEAR ENDED 31.03.2012
SCHEDULE 20 – ESTABLISHMENT EXPENSES contd. CURRENT YEAR PREVIOUS YEAR
EDLIS Charges 29200 30385
Reimbursement of Tution Fees 443773 521870
Gratutity 501792 1662154
Leave Salary 602149 724482
LTC 289206 182393
Liveries 13285 6095
Medical Expenses 687186 566573
TOTAL 42527730 41913450
SCHEDULE 21 – OTHER ADMINISTRATIVE EXPENSES ETC.
Audit Fees 20225 9937
Bank Charges 15594 21799.75
Building Maintenance 4753704 1742660
Canteen Maintenance 38994 35452
Wages 1600474 1432263
Workshop Expenditure 75465 25404
Administration Charges on EDLIS 400 241
Conveyance Allowance 20684 14192
E-Governance 2734485 638115
Electricity Charges 806848 937134
General Expenses 232788 254855
Honorarium- 19500 2700
Information & Publicity 68039 151830
Inspection Charges on PF 15745 15489
Internal Audit Fee 11000 11000
Meeting Expenses- 12463 113409
NABL Charges 301251 343454
Overtime Allowance- 1304 6890
Paper and Periodicals 10885 25032
Patent Charges 13800 14064
Postage & Telegram 111844 112748
Printing & Stationary 153444 67722
Rent and Taxes 16876 16632
Repairs and Renewals 38199 72838
84 I P I R T I Annual Report 2012-2013
SCHEDULE 21 – OTHER ADMINISTRATIVE EXPENSES ETC. contd. CURRENT YEAR PREVIOUS YEAR
Seminar and Workshop Expenditure 14784 23405
Subscription From Membership 14045 12048
Telephone Charges 151364 142394
Travelling Expenses 744598 574205
Travelling Expenses-(Foreign Tour ) 98580 495713
Vehicle Maintenance 139324 126559
Advertisement 85427 1838
Caliberation Charges 46645 137165
Campus Maintenance 307823 89185
Security Services (K) 825172 963031
Water Charges- NPK 31295 24000
Other Consumables 330421 314184
Lab Expenditure 310397 74034
Children Education Allowance 33952
Hostel Maintenance-BP 5802
Miscellaneous Expese 250342
Ipirti Utility for Tax A/c 54,882
V.T. Fees 191274
All India Sports Meets K 111924
Employees Contribution FS KNP 1623
Liviries NPB 5469
C F P I 335467
Total Bal C/f 15164621 9043622
Total Bal B/f 15164621 9043622
RFRI 43742
Factory Visit K 1200
IPIRTI Benovelent Fund-(B)
Administration Charges on EDLIS 186 372
Advertisement Charges 163909 163554
Advertisment Charges 135850
All India Forest Sports Meet 168647
Audit Fees- 9927
Building Maintenance- 1033600 851312
Campus Maintenance 332032
Conveyance Allowance 10152 14660
Electricity Charges 833924 664647
85I P I R T I Annual Report 2012-2013
SCHEDULE 21 – OTHER ADMINISTRATIVE
EXPENSES ETC. contd. CURRENT YEAR PREVIOUS YEAR
Hostel Maintenance 187614
Information and Publicity 191320 422517.6
Inspection Charges on PF 30932 27649
Internal Audit Fee- 11000 11000
Maintenance of Equipment 948909 945959
Postage and Telegram 53064
Printing and Stationary 125459 21569
Sundries 471856 138822
Telephone Charges 133028 149160
Travellinge Expenses 1073831 602911
Vehicle Maintenance - 112080 166504
Wages 1116048 758257
Papers & Periodicals 502 2475
Legal Fees 5400
Honararium for Guest PB 6850
I.F.S. Officer Training PB 20761
Lab Expenses Bangalore PB 865
Medical Expenses-Plan 365761
Meeting Expesnes Plan 251682
News Paper & Periodicals PB 2342
Employees Contribution FS KP 3246
Forest Sports PK 2000
General Expenses- PK 2017
GSLI -Kolkata 3990
TOTAL Other Administrative Expenses 22125812 14877524
86 I P I R T I Annual Report 2012-2013
FORM OF FINANCIAL STATEMENTS(NON-PROFIT ORGANISATION)
INDIAN PLYWOOD INDUSTRIES RESEARCH AND TRAINING INSTITUTE
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE
FOR THE PERIOD/YEAR ENDED 31.03.2013
SCHEDULE 22 – EXPENDITURE ON GRANTS, SUBSIDIES ETC.. CURRENT YEAR PREVIOUS YEAR
a) Grants given to Institutions/Organisations
b) Subsidies given to Institution/Organisations
TOTAL
Note - Name of the Entities, their activities along
with the amount of Grants/Subsidies are to be disclosed
SCHEDULE 23 – EXPENDITURE ON GRANTS,
SUBSIDIES ETC.
a) On Fixed Loans
b) On Other Loans (including Bank Charges)
c) Other (specify)
TOTAL