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PRIME BANK FINANCIAL RESULT |
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| BALANCE SHEET AS AT 31st MARCH 2013. |
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| 31/03/2012 |
CAPITAL AND LIABILITIES |
Annex |
31/03/2013 |
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| 121,200,600.00 |
SHARE CAPITAL |
1 |
143,463,400.00 |
| 298,000,396.53 |
RESERVE FUND OTHER FUNDS |
2 |
322,774,487.30 |
| 5,309,273,250.63 |
DEPOSIT |
3 |
5,952,364,427.42 |
| 4,005.85 |
BORROWINGS Against FD |
|
1,600.00 |
| 364,807,381.53 |
PROVISION & OTHERS |
4 |
373,663,862.53 |
| 18,731,915.13 |
INTEREST PAYABLE |
|
26,974,471.13 |
| 107,863,769.08 |
Overdue Interest Reserve |
|
101,854,661.09 |
| - |
BRANCH ADJUSTMENT |
|
- |
| 60,177,385.15 |
OTHER LIABILITIES |
5 |
75,993,266.89 |
| 39,576,610.77 |
Profit & Loss Account |
6 |
61,199,911.40 |
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| 6,319,635,314.67 |
- |
|
7,058,290,087.76 |
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PROPERTY & ASSETS |
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| 70,359,662.64 |
CASH IN HAND |
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48,628,087.36 |
| 309,137,664.10 |
BALANCE WITH BANKS |
7 |
207,056,868.49 |
| 2,532,597,818.36 |
INVESTMENT |
8 |
2,831,461,502.36 |
| 3,105,115,732.12 |
ADVANCES |
9 |
3,643,352,461.80 |
| 155,501,464.11 |
INTEREST RECEIVABLES |
10 |
160,080,541.09 |
| 37,553,112.04 |
FIXED ASSETS INCLUDING LEASED ASSETS (DEPRECIATED
VALUE) |
|
43,410,496.67 |
| 54,786,332.40 |
OTHER ASSETS |
11 |
74,856,879.99 |
| 17,302,278.90 |
Loss of Merged Banks |
|
12,162,000.00 |
| - |
BRANCH ADJUSTMENT |
|
- |
| 37,281,250.00 |
Other Investments |
|
37,281,250.00 |
| 6,319,635,314.67 |
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|
7,058,290,087.76 |
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CONTRA ENTRY |
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| 5,809,080.00 |
Guarantee issued |
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4,873,000.00 |
| 5,986,265.02 |
Bills for collection/receivable |
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2,911,691.43 |
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| PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2013 |
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| 31/03/2012 |
EXPENDITURES |
Annex |
31/03/2013 |
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| 330,931,312.90 |
INTEREST ON DEPOSIT & BORROWING |
|
391,393,104.59 |
| 64,039,931.00 |
SALARIES & ALLOWANCES |
|
74,791,304.00 |
| 15,623,552.94 |
RENT, TAXES, INSURANCE & LIGHTING |
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22,599,656.86 |
| 3,872,684.22 |
POSTAGE, TELEGRAM & TELEPHONE CHGS. |
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4,915,038.68 |
| 5,712,921.13 |
REPAIRING & MAINTENANCE |
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9,795,106.33 |
| 9,058,519.41 |
DEPRECIATION |
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10,898,435.90 |
| 2,895,556.43 |
PRINTING, STATIONARY & ADVERTISEMENT |
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3,132,005.73 |
| 20,612,722.75 |
OTHER EXPENDITURE |
12 |
22,316,750.16 |
| 9,764,778.96 |
Assets other than advances, Written off |
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5,186,998.90 |
| 2,750.00 |
LOSS ON SALE OF ASSETS |
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429,646.38 |
| 820,500.00 |
Loss in sale of security |
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- |
| 12,188,023.00 |
Investment dep. reserve |
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- |
| 1,500,000.00 |
Other Provison |
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4,300,000.00 |
| 8,000,000.00 |
SPECIAL RESERVE AS PER I.TAX ACT |
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- |
| 485,023,252.74 |
Total Expenses |
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549,758,047.53 |
| 69,076,610.77 |
Profit before tax for the year |
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96,159,167.40 |
| 29,500,000.00 |
Provision for Income Tax for the year |
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34,959,256.00 |
| 39,576,610.77 |
NET PROFIT AFTER TAX CARRED TO BALANCE SHEET |
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61,199,911.40 |
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INCOME |
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| 521,270,033.11 |
INTEREST & DISCOUNT |
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586,927,935.16 |
| 8,811,673.49 |
COMMISSION & EXCHANGE |
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8,296,111.33 |
| 18,560,476.91 |
OTHER RECEIPTS |
13 |
22,065,324.44 |
| 5,457,680.00 |
Excess Provission Written Back |
14 |
28,627,844.00 |
| 554,099,863.51 |
Total Income |
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645,917,214.93 |
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| Annexure To Balance Sheet Profit & Loss A/C |
| 31/03/2012 |
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1. SHARE CAPITAL |
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Authorised Capital 20,00,000.00 |
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( Share of Rs.100/- each) |
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| 121,200,600.00 |
Issued and Subscribed Share Capital 1212006 |
143,463,400.00 |
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(978996) Share of Rs.100/- each |
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2. RESERVE FUND AND OTHER FUNDS |
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| 173,342,083.22 |
1. Statutory Reserve |
183,620,279.99 |
| 11,162,109.81 |
2. General Reserve |
9,776,109.81 |
| 22,955,000.00 |
3. Building Fund |
24,775,000.00 |
| 19,178,640.69 |
4. Urban Bank Equalization Fund |
20,784,522.69 |
| 10,002,036.00 |
5. Dividend Equalization Fund |
12,426,048.00 |
| 27,234,000.00 |
6. Special |
31,534,000.00 |
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7. Other Fund |
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| 7,221,778.00 |
A. Charity Fund |
7,676,778.00 |
| 4,071,328.00 |
B. Propaganda Fund |
5,170,328.00 |
| 7,306,683.50 |
C. Contingency Reserve Fund |
5,548,683.50 |
| 15,526,737.31 |
D. Investment Fluctuation Reserve |
15,526,737.31 |
| - |
E. Bed & doubtful reserve |
5,936,000.00 |
| 298,000,396.53 |
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322,774,487.30 |
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3. DEPOSIT AND OTHER ACCOUNTS |
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| 3,557,355,966.74 |
1. Term Deposit (out of which matured deposit |
4,193,563,338.36 |
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Rs. 153453871.44) |
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| 915,515,363.20 |
2. Saving Deposit |
974,635,087.58 |
| 836,401,920.69 |
3. Current Deposit |
784,166,001.48 |
| 5,309,273,250.63 |
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5,952,364,427.42 |
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4. Provision & others |
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| 82,914,720.22 |
1. Bad & Doubtful provision |
80,414,720.22 |
| 8,500,000.00 |
2. Provision for Standard Assets |
14,578,000.00 |
| 189,386,721.60 |
3. Prov. For Specified assets |
189,386,721.60 |
| 41,072,802.71 |
4. Investment depreciation |
16,072,802.71 |
| 13,431,293.00 |
5. Gratuity Fund |
16,933,890.00 |
| 29,501,844.00 |
6. Income Tex Provision |
56,277,728.00 |
| 364,807,381 |
- |
373,663,862.53 |
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5. OTHER LIABILITIES |
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| 14,108,474.59 |
1. Banker's Cheque/Demand Draft |
17,548,619.36 |
| 1,602,867.50 |
2. Dividend Payable |
2,408,203.75 |
| 4,125,045.35 |
3. Sundries Account |
5,517,101.00 |
| 100,183.54 |
4. Clearing Difference |
26,025.54 |
| 718,070.00 |
5. Provision for Expenses |
722,250.00 |
| 35,321,540.00 |
6. Other deposits |
43,243,623.00 |
| 4,201,204.17 |
7. Other Payable |
6,527,444.02 |
| 60,177,385.15 |
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75,993,266.89 |
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6. Profit & Loss Account |
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| 34,027,774.10 |
As per last year profit |
39,576,610.77 |
| 34,027,774.10 |
Distribution of Profit |
39,576,610.77 |
| 39,576,610.77 |
Addition of Current Year Profit |
61,199,911.40 |
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7. BALANCE WITH BANKS |
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| 60,504,900.48 |
1. STATE/CENTRAL CO-OPERATIVE BANK |
37,503,056.20 |
| 88,872,151.38 |
2. RBI/SBI/NATIONALISED BANK |
98,529,800.45 |
| 119,760,612.24 |
3. Other bank |
71,024,011.84 |
| 40,000,000.00 |
4. Call Money |
- |
| 309,137,664.10 |
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207,056,868.49 |
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8. INVESTMENT |
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| 1,858,874,840.00 |
1. Government Security |
1,704,994,352.00 |
| 91,550.00 |
2. Share in state/Dist. Co-Operative Banks |
91,550.00 |
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3. Fixed Deposit With |
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| 215,176,359.76 |
A. State/Central Co-Operative Bank |
312,954,282.76 |
| 445,023,775.60 |
B. Other Banks |
796,487,427.60 |
| 13,431,293.00 |
4. Gratuity Investment |
16,933,890.00 |
| 2,532,597,818.36 |
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2,831,461,502.36 |
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9. ADVANCES |
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| 961,924,989.66 |
1. Cash Credit |
1,117,869,625.78 |
| 274,216,822.73 |
2. Against Fixed Deposit |
363,676,919.48 |
| 28,603,883.42 |
3. Against Govt. Security |
30,619,747.31 |
| 1,779,018,958.14 |
4. Against Other Security viz.Machinert,bldg.etc |
2,029,624,486.24 |
| 267,902.00 |
5. Unsecured including TOD |
374,338.50 |
| 4,681,724.84 |
6. Personal Loan |
5,357,953.59 |
| 1,672,997.00 |
7. Bill Purchased / Discount |
12,,092 656,.00 |
| 35,321,549.00 |
8. Gold Loan |
58,210,036.00 |
| 27,487,032.90 |
8. Staff Loan |
28,269,112.90 |
| (8,080,127.57) |
Less Suit File Recovery |
(2,742,414.00) |
| 3,105,115,732.12 |
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3,643,352,461.80 |
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10. INTEREST RECEIVABLES |
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| 47,637,695.03 |
1. Interest on Investment |
85,255,755.00 |
| 107,863,769.08 |
2. Overdue Interest |
101,854,786.09 |
| 115,501,464.11 |
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160,080,541.09 |
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11. OTHER ASSETS |
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| 2,394,041.09 |
1. Stationary |
2,385,669.51 |
| 573,902.00 |
2. Prepaid Expense |
841,356.17 |
| 8,318,505.00 |
3. Stamp on Documents/Franking Machine |
3,485,295.00 |
| 881,720.00 |
4. Deposits |
975,671.00 |
| - |
5. Interest accrued |
404,201.00 |
| 530,272.00 |
6. Income Receivable |
566,095.00 |
| 6,891,091.00 |
7. Deposit with Land Lord |
8,845,091.00 |
| 612,908.31 |
8. Sundry Debtors Account |
168,949.31 |
| 53.259.00 |
9. Clearing Difference |
53,259.00 |
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10. Deffered Tax |
107,453.00 |
| 34,459,524.00 |
11. TDS/Advance Tax |
56,981,300.00 |
| 71,110.00 |
12. TDS Receivable |
42,540.00 |
| 54,786,332.40 |
|
74,856,879.99 |
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12. OTHER EXPENDITURE |
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| 1,337,146.00 |
LEGAL & CONSULTATION CHARGES |
755,805.00 |
| 239,750.00 |
AUDIT FEES |
503,501.00 |
| 2,647,955.51 |
Other Expenses |
2,861,709.23 |
| 484,239.46 |
Vehicle Expenses |
468,915.00 |
| 3,133,013.45 |
Clearing House Expenses & Bank Charges |
3,254,523.60 |
| 1,702,988.00 |
Premium Paid on Investment |
1,678,488.00 |
| 22,647.00 |
AGM & Board Meeting Expenses |
68,859.00 |
| 4,983,729.00 |
Deposit Insurance premium |
5,434,930.65 |
| 652,968.00 |
Provident Fund Charges |
681,137.00 |
| 88,850,00 |
Training expenses |
229,398.00 |
| 295,244.00 |
Security Expenses |
414,183.00 |
| 651,787.00 |
Conveyance / Traveling Expenses |
641,503.00 |
| 68,232.00 |
Professional Tax |
45,304.00 |
| 352,723.00 |
Subscription |
166,020.00 |
| 3,292,777.33 |
Service Tax |
1,354,769.03 |
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ATM Expenses |
100,090.15 |
| 658,673.00 |
Staff/customer/shareholder welfare exp. |
657,614.50 |
| 20,612,722.75 |
|
22,316,750.16 |
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13. OTHER RECEIPTS |
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| 16,558.00 |
1. Dividend |
915,139,41 |
| 3,013,492.58 |
2. Processing Fess |
3,095,614.00 |
| 13,230,186.52 |
3. Incidental & Other Charges |
14,784,413.03 |
| 330.00 |
4. Share Transfer Fees |
860.00 |
| - |
6. Profit on Sales of Security |
1,318,000.00 |
| 858,984.81 |
7. Profit on sale of assets |
- |
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8. Defferd Tax |
107,453.00 |
| 1,440,925.00 |
9. Miscellaneous Income |
1,843,845.00 |
| 18,560,476.91 |
|
22,065,324.44 |
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14. EXCESS PROVISION WRITTEN BACK |
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| 500,000.00 |
1. Special Reserve |
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| 5,457,680.00 |
2. I T Provision |
3,627,844.00 |
| - |
Investment Depriciation provision |
25,000,000.00 |
| 5,957,680.00 |
|
28,627,844.00 |
| Note:- |
| Deposits from Co-op. socieities |
(Rs. in lacs) |
| Current |
27.56 |
| Savings |
40.90 |
| Fixed |
198.89 |
| Total Deposits from Co-op. Socities |
267.35 |
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