Financial Statements

THE KARNATAKA FISHIRIES DEVELOPMENT CORPORATION LIMITED
(A Government of Karnataka Enterprise)
HOIGE BAZAR, MANGALORE - 575001.

BALANCE SHEET AS AT 31 MARCH, 2012

PARTICULARS

SCHEDULES

CURRENT YEAR

PREVIOUS YEAR

2011 - 12

2010 - 11

AMOUNT

AMOUNT

AMOUNT

AMOUNT

I. EQUITY AND LIABILITIES

 

 

 

 

 

          1. SHARE HOLDERS' FUNDS

 

 

 

 

 

          A. SHARE CAPITAL

1

161592700

 

161592700

 

          B. RESERVES & SURPLUS

2

6 03 61 796

 

- 22 40 096

 

          C.MONEY RECEIVED  AGAINST SHARE                WARRANTS    

22 19 54 496

 

15 93 52 604

2. SHARE APPLICATION MONEY PENDING ALOTTMENT

 

 

 

 

 

3. NON CURRENT LIABLITIES

 

 

 

 

 

 

 

 

 

 

 

          A. LONG TERM BORROWINGS

3

5 79 69 460

 

6 68 93 158

 

          B. DEFERRED TAX LIABILITY (NET)

 

 

59393158

 

-

          C. OTHER LONG TERM LIABILITIES

 

 

-

 

-

          D. LONG TERM LIABILITIES

4

3 41 38 991

9 21 08 451

2 98 27 360

9 67 20 518

4. CURRENT LIABLITIES

 

 

 

 

 

          A. SHORT-TERM BORROWINGS

 

 

 

 

 

          B.TRADE PAYABLES

5

17 31 050

 

28 55 475

 

          C.OTHER CURRENT LIABLITIES

6

11 18 95 526

 

12 42 29 278

 

          D.SHORT -TERM PROVISIONS

7

12 482

11 36 39 057

33 99 569

13 04 84 322

TOTAL

 

 

42 77 02 005

 

38 65 57 444

II. ASSETS

 

 

 

-

 

1. NON-CURRENT ASSETS

 

 

 

-

 

          A. FIXED ASSETS

 

 

 

 

 

                    TANGIBLE ASSETS

8

6 51 44 455

 

6 14 23 718

 

                    INTANGIBLE ASSETS

 

0.00

 

0.00

 

                    CAPITAL WORK IN PROGRESS

8

 58 06 208

 

35 66 879

 

 

 

7 09 50 663

 

6 49 90 597

 

          B. NON CURRENT INVESTMENTS

 

-

 

-

 

          C. DEFERRED TAX ASSET

9

34 85 584

 

17 71 140

 

          D. LONG-TERM LOANS AND ADVANCES

10

6 86 41 005

 

7 75 82 965

 

          E. OTHER NON CURRENT ASSETS

 

-

14 30 77 252

-

14 43 44 702

2. CURRENT ASSETS

 

 

 

 

 

          A.CURRENT INVESTMENTS

 

-

 

-

 

          B.INVENTORIES

11

1 30 89 697

 

 26 24 857

 

          C.TRADE RECEIVABLES

12

7 31 57 546

 

5 66 31 846

 

          D.CASH & CASH EQUIVALENTS

13

16 31 14 260

 

15 15 28 536

 

          E. SHORT-TERM LOANS AND ADVANCES

14

3 52 63 250

 

3 14 27 504

 

          F. OTHER CURRENT ASSETS

 

-

28 46 24 753

-

24 22 12 742

TOTAL

 

 

42 77 02 005

 

38 65 57 444

 

THE KARNATAKA FISHIRIES DEVELOPMENT CORPORATION LIMITED
(A Government of Karnataka Enterprise)
HOIGE BAZAR, MANGALORE - 575001.

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31 MARCH, 2012

PARTICULARS

NOTE NO

FOR THE YEAR

FOR THE YEAR

ENDED 31.03.2012

ENDED 31.03.2011

AMOUNT

AMOUNT

AMOUNT

AMOUNT

REVENUE

 

 

 

 

 

I. REVENUE FROM OPERATIONS

15

 

106 53 84 765

 

76 19 01 761

II. OTHER INCOME

16

 

1 11 81 636

 

1 31 86 229

III. TOTAL REVENUE (I + II)

 

 

107 65 66 400

 

77 50 87 991

IV. EXPENSES

 

 

 

 

 

PURCHASES FOR TRADING

17

 

97 78 04 714

 

68 04 09 731

CHANGES IN INVENTORY OF STOCK IN TRADE

 

 

 

 

 

OPENING STOCK

 

 25 91 941

 

 27 84 383

 

LESS: CLOSING STOCK

 

1 30 51 918

-1 04 59 977

 25 91 941

 1 92 442

DIRECT EXPENSES

18

 

2 14 99 417

 

2 02 89 161

EMPLOYEE BENEFITS EXPENSES

19

 

4 15 49 942

 

3 51 23 165

FINANCE COSTS

20

 

 12 29 694

 

12 18 107

DEPRECIATION AND AMORTIZATION EXPENSES

 

 

48 27 332

 

48 63 775

OTHER EXPENSES

21

 

3 34 91 162

 

2 55 09 872

TOTAL EXPENSES

 

 

106 99 42 284

 

76 76 06 253

V. PROFIT BEFORE PRIOR PERIOD ADJUSTMENTS,

 

 

66 24 116

 

74 81 738

EXCEPTIONAL & EXTRAORDINARY  ITEMS & TAX (III - IV)

 

 

 

 

 

VI. PRIOR PERIOD ADJUSTMENTS (NET)

22

 

-  3 162

 

 1 02 916

VII. EXCEPTIONAL & EXTRAORDINARY ITEMS

 

 

-

 

-

VIII. PROFIT BEFORE TAX (V - VI - VII)

 

 

 66 27 279

 

73 78 823

IX. TAX EXPENSE AND TAX ADJUSTMENTS:

 

 

 

 

 

LESS: CURRENT TAX

 

 

21 20 000

 

46 90 000

ADD: DEFERRED TAX ADJUSTMENT

 

 

17 14 444

 

33 97 828

ADD: EXCESS PROVISION FOR TAXATION

 

 

7 33 077

 

-

LESS: SHORT PROVISION FOR TAXATION IN EARLIER YEARS

 

 

  42 243

 

-

X. PROFIT FOR THE YEAR (VIII - IX)

 

 

69 12 557

 

60 86 651

EARNINGS PER SHARE

 

 

 

 

 

BASIC

23

 

4.28

 

3.77

DILUTED

23

 

4.28

 

3.77

SIGNIFICANT ACCOUNTING POLICIES

24