| UTKAL GRAMEEN BANK ( Sponsored by State Bank of India) HEAD OFFICE,Club Para,Bolangir,PO/Dist- Bolangir,PIN-767001 AUDITED FINANCIAL RESULTS FOR THE YEAR 2018-19 BALANCE SHEET AS ON 31/03/2019 |
| |
|
(Rs. In thousand) |
|
| CAPITAL & LIABILITIES |
Schedule |
As on 31.03.2019 (Current Year) |
As on 31.03.2018 (Previous Year) |
| Capital |
1 |
4949233 |
3791931 |
| Perpetual Bond |
1(A) |
81383 |
81383 |
| Share Capital Deposit |
1(B) |
323367 |
0 |
| Reserves & Surplus |
2 |
NIL |
NIL |
| Deposits |
3 |
64961540 |
58562751 |
| Borrowings |
4 |
64678 |
187116 |
| Other Liabilities & Provisions |
5 |
5288628 |
3580520 |
| TOTAL |
|
75668829 |
66203701 |
| ASSETS |
|
|
|
| Cash and Balances with Reserve Bank of India |
6 |
3105879 |
2814779 |
| Balances with Banks and Money at Call and Short Notice |
7 |
4800215 |
6426053 |
| Investments |
8 |
32683472 |
23459666 |
| Loans & Advances |
9 |
24822387 |
26420501 |
| Fixed Assets |
10 |
92352 |
80962 |
| Other Assets |
11 |
10164524 |
7001740 |
| TOTAL |
|
75668829 |
66203701 |
| Contingent Liabilities |
12 |
447308 |
388991 |
| Bills for Collection |
|
NIL |
NIL |
| Principal Accounting Policies and Notes on Accounts |
17 & 18 |
|
|
| PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March, 2019 |
| |
Schedule |
As on 31.03.2019 (Current Year) |
As on 31.03.2018 ( Previous Year) |
| I. INCOME |
|
|
|
| Interest earned |
13 |
3855392 |
4865396 |
| Other income |
14 |
408206 |
434978 |
| TOTAL |
|
4263598 |
5300374 |
| II. EXPENDITURE |
|
|
|
| Interest expended |
15 |
3283951 |
3258478 |
| Operating expenses |
16(A) |
1581881 |
1634668 |
| Provisions & contingencies |
16(B) |
3172084 |
1817607 |
| TOTAL |
|
8037916 |
6710753 |
| III. PROFIT & LOSS |
|
|
|
| Profit before tax |
|
-3774318 |
-1410379 |
| Less : Tax Provision |
|
|
|
| Provision for Income Tax For the Financial Year |
|
NIL |
NIL |
| Profit after Tax |
|
-3774318 |
-1410379 |
| Loss brought forward |
( * ) |
-4465424 |
-3055045 |
| TOTAL |
|
-8239742 |
-4465424 |
| Balance carried over to Balance Sheet |
|
-8239742 |
-4465424 |
| TOTAL |
|
-8239742 |
-4465424 |
| (1)Above financial results have been audited by the Statutory Central Auditors M/s Agasti & Associates.,BBSR in line with the guidelines issued by NABARD and signed by the SCA on 06.05.2019 and approved by the Board of Directors of the Bank (2) The Financial results have been arrived at as per the standard accounting principles and after considering provisions for Non Performing Assets/Standard Assets as per prudential norms issued by NABARD and other required provisions. Place: Bolangir ( Debaraja Mishra ) ( Ranjit Kumar Mishra ) Date:- 06/05/2019 ( General Manager I ) ( Chairman ) |