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biQdks esa LVsdgksYMjksa osQ ewY; dks fujarj le`¼ cukus osQ fy, IFFCO has a strong legacy of fair, transparent and ethical
,d mfpr ikjn'khZ rFkk uSfrd xous±l iz.kkfy;ka gSaA dkWjiksjsV xous±l Governance practices for sustainable enrichment of
stakeholders’ value. Corporate Governance has become
mRÑ"Vrk] fodkl rFkk ewY; l`tu dh fn'kk esa biQdks osQ iz;klksa integral part of IFFCO in its pursuit of excellence, growth
dk vfHkUu vax cu pqdh gSA lfefr viuh vkarfjd uhfr;ksa rFkk and value creation. The Society is constantly endeavoring
iz.kkfy;ksa dks moZjd m|ksx esa varjkZ"Vªh; Lrj ij viukbZ tkus okyh to benchmark its internal policies and systems to match
Js"B dk;Ziz.kkfy;ksa osQ vuq:i <kyus osQ fy, yxkrkj iz;kl dj with the best practices being followed internationally in the
jgh gSA Industry
biQdks dh xous±l lajpuk cgqjkT; lgdkjh lkslkbVht vfèkfu;e] The Governance Structure of IFFCO is designed as per
2002 (vfèkfu;e) ds izkoèkkuksa ds vuqlkj rS;kj dh xbZ gSA biQdks dks the provisions of the Multi State Cooperative Societies
Act, 2002. IFFCO is designated as a Body Corporate
dkWjiksjsV fudk; ds :i esa ukfer fd;k x;k gS rFkk vkarfjd izcaèku
and has made its Bye-laws for internal management in
ds fy, vfèkfu;e ds vuqlkj blds mifu;e cuk, x;s gSaA consonance with the Act.
d) funs'kd eaMy dk vkdkj vkSj bldk xBu a) Size and Composition of Board
funs'kd eaMy dk xBu cgqjkT; lgdkjh lkslk;Vht vfèkfu;e] The composition of the Board of Directors is governed
2002 vkSj lfefRk ds mifu;eksa ds vuqlkj fd;k TkkRkk gSA by the Multi State Cooperative Societies Act, 2002
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31 ekpZ] 2018 dks lfefRk ds funs'kd eaMy esa 30 funs'kd Fks and Bye-laws of the Society. As on March 31,
fTkuesa ckbZl fuokZfpr izfrfufèk gSaA 10 foi.ku egkla?kksa ds gSa] nks 2018, the Society’s Board of Directors consisted of
lg;ksfTkRk funs'kd vkSj vkB iaQD'kuy funs'kd gSaA thirty Directors, which included twenty two Elected
Representatives, out of which ten are from Marketing
Federations, two Co-opted Nominees and eight
Functional Directors.
([k) funs'kd eaMy dh cSBdsa vkSj izfØ;k,a b) Board Meetings and Procedures
biQdks us funs'kd eaMy vkSj mldh lfefRk;ksa dh cSBdksa ds fy, IFFCO has defined procedures in its Bye-laws for
vius mifu;eksa esa ,d lqifjHkkf"kRk izfØ;k fuèkkZfjRk dh gqbZ gSA meetings of the Board of Directors and its Committees.
dk;Zlwph fVIif.k;kaa lHkh vko';d lwpukvksa ds lkFk funs'kd Agenda papers containing all necessary information
are made available to the Members well in advance
eaMy ds lnL;ksa dks i;kZIr le; jgrs miyCèk djk nh tkrh to enable them to discharge their responsibilities
gSaS rkfd lnL; vius nkf;Roksa dks izHkkoh <ax ls fu"ikfnr dj effectively and for facilitating meaningful, informed
ldsa vkSj cSBdksa esa rF;ksa ij vkèkkfjr egRoiw.kZ fu.kZ; fy, tk and focussed discussions and decisions at the
ldsaA funs'kd eaMy dh cSBdksa esa izcaèk funs'kd }kjk lfefRk Meetings. The Board is kept appraised of the overall
ds lexz dk;Zfu"iknu ds ckjs esa lnL;ksa dks voxRk djk;k TkkRkk performance of the Society by the Managing Director
gSA izcaèku ds ofj"B vfèkdkfj;ksa dks] tc dHkh vko';drk gks] at the Board Meetings. Senior Management officials
are called to provide additional inputs on matters
funs'kd eaMy@mldh lfefr;ksa }kjk ppkZ fd;s tkus okys ekeyksa being discussed by the Board / Committees, as and
ij vfrfjDr tkudkjh miyCèk djkus ds fy, cqyk;k tkrk gSA when necessary.
funs'kd eaMy ds ikl os lHkh vfèkdkj gSa Tkks mifu;eksa ds The Board of Directors have all such powers under the
vaRkxZRk vko';d le>s x;s gSa vFkok cgqjkT; lgdkjh lkslk;Vht Bye-laws as are considered necessary or expedient
vfèkfu;e@fu;eksa ds vaRkxZRk vius dk;ksZa dks RksTkh ls iwjk djus ds for the purpose of carrying out its functions under the
fy, vko';d gSaA Multi State Cooperative Societies Act / Rules.
foRr o"kZ 2017&18 ds nkSjku funs'kd eaMy dh pkSng cSBdsa gqbaZ Fourteen Board Meetings were held during the
vkSj bl vofèk ds nkSjku 2 cSBdksa esa vfèkdRke vURkjky pkSarhl financial year 2017-18 and maximum interval between
two meetings during this period was thirty four days.
fnu jgkA bu lHkh cSBdksa esa mifLFkfRk dkiQh vPNh jghA All the meetings were well attended.
(x) funs'kd eaMy dh lfefRk;ka c) Board Committees
biQdks dh 4 lfefr;ka gSa tks funs'kd eaMy dk lg;ksx djrh There are following four committees assisting the
gSa rFkk bu lfefr;ksa dks iwjs vfèkdkj fn;s x;s gSa vkSj fof'k"V Board of Directors, and these have been delegated
mRrjnkf;Ro lkSais x;s gSa rkfd laLFkk ds dk;ks± dk izcaèku with specific responsibilities as well as authority
for efficient management of operations of the
dq'kyrkiwoZd fd;k tk ldsA organisation.
(i) dk;Zdkfj.kh lfefRk (i) Executive Committee
(ii) ifj;ksTkuk mi&lfefRk (ii) Projects Sub-Committee
(iii) foi.ku mi&lfefRk (iii) Marketing Sub-Committee
(iv) ys[kkijh{kk lfefRk (iv) Audit Committee
(i) dk;Zdkfj.kh lfefRk (i) Executive Committee
dk;Zdkfj.kh lfefRk] lfefRk dh fofHkUu LFkkiukvksa@ The Executive Committee is responsible for
ifj;ksTkukvksa ds dq'ky izcaèku ds fy, mRrjnk;h the efficient management of the Society’s
gS ijURkq bl ij funs'kd eaMy dk lexz fu;U=k.k various establishments / projects subject to
overall control and authority of the Board of
vkSj izkfèkdkj jgRkk gSA bl lfefr }kjk vU; ckrksa
Directors. Its scope is to inter-alia review the
ds lkFk&lkFk jktLo rFkk iwath ctV vuqekuksa dh Revenue and Capital Budget Estimates, to
lkFk&lkFk leh{kk dh tkrh gS rFkk ` 15 djksM+ rd approve all investment proposals of Capital
dh lhek ds dSfiVy uspj ds lHkh fuos'k izLrkoksa dk nature upto the limit of ` 15 crore and to
vuqeksnu fd;k tkrk gS vkSj biQdks ds dkjksckj rFkk frame and / or approve regulations, rules,
ekeyksa ds izcaèku o i;Zos{k.k rFkk mlds lapkyu ds manuals for the conduct, supervision and
management of the business and affairs of
fy, fofu;eksa] fu;ekoyh] eSuqvyksa dks rS;kj rFkk@
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vFkok mudk vuqeksnu fd;k tkrk gSA 31 ekpZ] IFFCO. As on March 31, 2018, the Executive
2018 dks dk;Zdkfj.kh lfefRk esa 12 funs'kd Fks fTkuesa Committee comprised of twelve Directors
vè;{k] mikè;{k vkSj 4 iaQD'kuy funs'kd 'kkfey including Chairman, Vice Chairman and
four Functional Directors. Twelve meetings
FksA foRr o"kZ 2017&18 ds nkSjku dk;Zdkfj.kh lfefRk of Executive Committee were held during
dh 12 cSBdsa gqb±A lHkh cSBdksa esa mifLFkfRk dkiQh the financial year 2017-18. All the meetings
vPNh jghA were well attended.
foi.ku mi&lfefRk] lfefRk ds foi.ku dk;ks± ds dq'ky The Marketing Sub-committee is responsible
for the efficient management of marketing
izcaèku ds fy, mRrjnk;h gS] fTklesa lexz foi.ku
operations of the Society, which mainly
uhfRk rS;kj djuk] foRkj.k j.kuhfRk RkFkk moZjdksa o include formulating the overall marketing
Ñf"k vknkuksa dh fcØh ds fy, ewY; uhfRk rS;kj djuk policy, distribution strategy and pricing policy
'kkfey gSA 31 ekpZ] 2018 dks foi.ku mi&lfefRk for sale of fertilizers and agricultural inputs.
esa 24 funs'kd Fkss fTkuesa vè;{k] mikè;{k rFkk 5 As on March 31, 2018, the Marketing Sub-
iaQD'kuy funs'kd 'kkfey FksA bl o"kZ ds nkSjku foi.ku committee consisted of twenty four Directors
including Chairman, Vice Chairman and
mi&lfefRk dh 3 cSBdsa gqb±A lHkh cSBdksa esa mifLFkfRk
five Functional Directors. Three meetings
dkiQh vPNh jghA of the Marketing Sub-Committee were held
during the year. All the meetings were well
attended.
ys[kkijh{kk lfefr laxBu esa mPp Lrj dh foÙkh; The Audit Committee plays a key role in
ensuring maintenance of high level of
bZekunkjh dks cuk, j[kus esa egRoiw.kZ Hkwfedk fuHkkrh financial integrity in the organisation. As
gSA 31 ekpZ] 2018 dks ys[kkijh{kk lfefr esa 10 on March 31, 2018, the Audit Committee
funs'kd Fks ftuesa vè;{k] mikè;{k rFkk iaQD'kuy consisted of ten Directors including
funs'kd vkSj fo'ks"k vkeaf=kr lnL; 'kkfey FksA Chairman, Vice Chairman, Functional
ys[kkijh{kk lfefRk ds dk;Z{ks=k esa vU; dk;ks± ds Directors and Special Invitees. The terms
vykok fuEufyf[kRk Hkh 'kkfey gSa% of reference of Audit Committee inter-alia
include the following:
μ foRrh; fjiksfV±x dh izfØ;k dk i;Zos{k.k vkSj — Oversight over the financial reporting
foRrh; lwpukvksa ds lgh] i;kZIRk vkSj fo'oluh; process and ensuring correct, adequate
and credible disclosure of financial
izdVu dks lqfuf'pRk djukA
information.
μ Nekgh rFkk okf"kZd foRrh; fooj.kksa dks funs'kd — Reviewing with Management the half
eaMy ds le{k izLRkqRk djus ls igys ys[kkadu yearly and annual financial statements
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uhfRk;ksa RkFkk izfØ;kvksa o ys[kkadu ekudksa ds before submission to the Board with
vuqikyu ij fo'ks"k è;ku nsRks gq, izcaèku ds lkFk special emphasis on accounting
bldh leh{kk djukA policies and practices and compliance
with Accounting Standards.
μ vkaRkfjd ys[kk fu;a=k.k i¼fr;ksa dh i;kZIrrk vkSj — Evaluation of internal financial controls
vkaRkfjd ys[kkijh{kk foHkkx dh lajpuk dh leh{kk and risk management systems along
with the structure of Internal Audit
djukA
Department.
bl o"kZ ds nkSjku ys[kkijh{kk lfefRk dh 3 cSBdsa gqb±A Three meetings of Audit Committee were
ys[kkijh{kk lfefRk ds lnL;ksa ds vykok vkaRkfjd held during the year. Besides the members
of Audit Committee, the Head of Internal
ys[kkijh{kk foHkkx ds izeq[k Hkh fo'ks"k vkeaf=kRk ds Audit Department is a special invitee to all the
:i esa ys[kkijh{kk lfefRk dh lHkh cSBdksa esa Hkkx ysRks meetings of the Audit Committee. The Statutory
gSaA lfefRk ds lkafofèkd ys[kkijh{kd Hkh ys[kkijh{kk Auditors of the Society are also special invitees
lfefRk dh cSBd esa fo'ks"k vkeaf=kRk lnL; ds :i esa to the Audit Committee Meeting at the time of
okf"kZd foÙkh; fooj.k izLrqr djus ds le; Hkkx ysRks presentation of the annual financial statements,
gSa ftuesa os lfefRk ds okf"kZd foRrh; fooj.kksa dh wherein they participate in discussion relating to
the review of annual financial statements of the
leh{kk ls lacafèkRk fdlh ppkZ esa Hkkx ysrs gSa vkSj mu Society and any other matter that in the opinion
ekeyksa ij ppkZ djrs gSa] ftUgsa lkafofèkd ys[kkijh{kd of the Statutory Auditors needs to be brought to
lfefRk ds è;ku esa ykus dh vko';dRkk le>rs gSaA the notice of the Committee.
cgqjkT; lgdkjh lkslk;Vht vfèkfu;e] 2002 vkSj lfefr ds mi&fu;eksa As provided under the Multi State Cooperative Societies
ds izkoèkkuksa ds vaRkxZRk vke lHkk dks ,sls deZpkfj;ksa dh lwph dh Act, 2002 and Bye-laws of the Society, the General Body
is to review the list of employees who are relatives of the
leh{kk djuh gksRkh gS Tkks eq[; dk;Zdkjh vfèkdkjh lfgRk funs'kd Members of the Board including Chief Executive and
eaMy ds lnL;ksa ds lacaèkh gSa RkFkk mls funs'kd eaMy ds lnL;ksa vkSj formulate the “Code of Conduct” for the Members of the
vfèkdkfj;ksa ds fy, ¶vkpkj lafgRkk¸ rS;kj djuh gksrh gSA Rknuqlkj] Board and Officers. Accordingly, the Society has a well-
lfefRk ds ikl vius y{;ksa vkSj fe'kuksa dks izkIr djus ds fy, blds defined “Code of Conduct” for its Board of Directors in
fotu rFkk ewY;ksa ds vuqlkj lfefr ds ekeyksa esa izHkko'kkyh rFkk alignment with Society’s vision and values to achieve the
ikjn'khZ izfØ;k fodflr djus dh n`f"V ls funs'kd eaMy ds lnL;ksa mission and objectives, and aims at enhancing ethical
and transparent process in managing the affairs of the
ds fy, ,d lqifjHkkf"kRk ¶vkpkj lafgRkk¸ gSA blds vykok] ¶lacaèkh¸ Society. Also the system for declaration of “relative” is in
dh ?kks"k.kk djus dk Hkh ,d flLVe gSA ;s ekunaM iaQD'kuy funs'kdksa place. These norms are strictly applicable to the Members
lfgRk funs'kd eaMy ds lHkh lnL;ksa ij iwjh Rkjg ls ykxw gksRks gSaA of the Board including Functional Directors.
5- lrdZrk 5. Vigilance
vius lnL;ksa ds fgrksa dh lqj{kk ds nkf;Ro dks è;ku esa j[krs gq, Keeping in view the responsibility to safeguard the
biQdks us lqxfBr lrZdrk foHkkx LFkkfir fd;k gS] ftldk foLrkj interest of its members, the Society has a well-structured
Vigilance Department spread across the organisation
izR;sd mRiknu bdkbZ rFkk foi.ku izHkkx rd gSA dkWjiksjsV dk;kZy; esa
at each manufacturing Unit and the Marketing Division,
;g foHkkx] eq[; lrdZrk vfèkdkjh (lhohvks) }kjk eSust fd;k tk constantly ushering transparency, efficiency, integrity and
jgk gS] tks izcaèk funs'kd dks lhèks fjiksVZ djrs gSaA lrdZrk foHkkx dk best corporate practices in the working of the Society.
izeq[k nkf;Ro [kjhn lacaèkh iQkbyksa] lsok Bsdksa dh leh{kk djuk rFkk This Department is headed by a Chief Vigilance Officer
f'kdk;rksa vkfn dk lR;kiu djuk vkfn gSA ;g foHkkx lfefr dh (CVO) at the Corporate Office, who reports directly to the
dk;Ziz.kkyh esa ikjn£'krk] n{krk] bZekunkjh rFkk Js"B dkWjiksjsV iz.kkfy;ksa Managing Director. The key responsibilities of Vigilance
Department are to review the procurement files, service
dks 'kkfey djus osQ iz;kl dj jgk gSA
contracts and verifying complaints etc.
bQdks dh 'ks;jèkkfjRkk dk vkèkkj O;kid gS fTklesa 35]025 lgdkjh IFFCO has a diversified shareholder base comprising of
lfefRk;ka vkSj 27 foi.ku egkla?k 'kkfey gSaA 31 ekpZ] 2018 dks 35,025 Cooperative Societies, including 27 Marketing
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lfefRk dh lEiw.kZ iznRr 'ks;jiwaTkh ns'kHkj esa iQSyh bu lgdkjh lfefr;ksa@ Federations. As on March 31, 2018, the entire Paid-
foi.ku egkla?kksa ds ikl FkhA biQdks us vius 'ks;jèkkfj;ksa ds fy, ewY; up equity of the Society was held by these Cooperative
l`Tku ds mPp LRkjksa dks gkfly fd;k gSA Societies / Marketing Federations spread all over the
country. IFFCO has achieved a healthy level of value
creation for its Shareholders.
'ks;jèkkfj;ksa ds vfèkdkjksa dk foLRk`Rk fooj.k biQdks mi&fu;eksa esa fn;k Shareholders’ rights have been well articulated in
x;k gSA lfefRk vius 'ks;jèkkfj;ksa dks i;kZIRk vkèkkj ij vkSj le; ls IFFCO’s Bye-laws. The Society provides adequate and
timely information to its shareholders to enable them to
lwpuk nsRkh gS Rkkfd os vkelHkk dh cSBdksa esa Hkkx ys ldsaA izfRko"kZ]
participate in meetings of the General Body. Shareholders
ubZ fnYyh esa ,d ckj gksus okyh ok£"kd vke cSBd esa 'ks;jèkkfj;ksa and Investors grievances are adequately addressed at the
vkSj fuos'kdksa dh f'kdk;Rkksa dk lekèkku fd;k TkkRkk gSA Annual General Meeting, which is held once every year at
New Delhi.
vkelHkk fuEufyf[kr ekeyksa dks ns[krh gS% The General Body has oversight on the following matters:
& funs'kd eaMy ds lnL;ksa dk fuokZpu vFkok mUgsa gVkukA — Election or removal of the members of the Board of
Directors.
& ekStwnk mi&fu;eksa esa la'kksèku vFkok mUgsa fujLr djuk vFkok u;s — Amendment or repeal of existing Bye-laws or
enactment of new laws.
fu;eksa dks ykxw djukA
— Formulation of Code of Conduct for members of the
& funs'kd eaMy ds lnL;ksa ds fy, vkpkj lafgrk rS;kj djukA
Board of Directors.
& okf"kZd foRrh; fooj.k rFkk okf"kZd ctV dk vuqeksnuA — Approval of Annual Financial Statements and Annual
Budget.
& fuoy ykHkksa dk forj.kA — Distribution of Net Profits.
31-3-2018 dks lfefr dh 'ks;jiwath ` 420-55 djksM+ Fkh vkSj The Share Capital of the Society as on March 31,
'ks;jèkkfjRkk dk fooj.k fuEu izdkj Fkk% 2018 was ` 420.55 crore and the distribution of
shareholding was as under:
'ks;jksa dk ewY; 'ks;j èkkjdksa dh la[;k vkoafVr 'ks;jksa dh la[;k Value of Shares (`) No. of Shareholders No. of Shares held
1]000 32]217 3]35]414 1,000 32,217 3,35,414
10]000 2]610 39]113 10,000 2,610 39,113
1]00]000 198 34]790 1,00,000 198 34,790
;ksx 35]025 4]09]317 Total: 35,025 4,09,317
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Lora=k ys[kkijh{kdksa dh fjiksVZ Independent Auditor's Report
bafM;u iQkjelZ iQ£VykbTkj dksvkijsfVo fyfeVsM ds 'ks;jèkkjdksa dks To the Shareholders of Indian Farmers Fertiliser Cooperative Limited
1- foÙkh; fooj.kksa ij fjiksVZ 1. Report on the Financial Statements
geus bafM;u iQkjelZ iQ£Vykbtj dksvkijsfVo fyfeVsM (cgqjkT; lgdkjh lfefr) We have audited the accompanying financial statements of
ds layXu foRrh; fooj.kksa ftlesa 31 ekpZ] 2018 rd dk rqyu&i=k rFkk mlh Indian Farmers Fertiliser Cooperative Limited (Multi State
Cooperative Society), which comprise the Balance Sheet
rkjh[k dks lekIr gksus okys o"kZ dk ykHk&gkfu ys[kk] udnh çokg dk fooj.k as at March 31, 2018, the Statement of Profit and Loss, the
rFkk egRoiw.kZ ys[kkadu uhfr;ksa dk lkjka'k vkSj vU; O;k[;kRed lwpuk,a nh xbZ Cash Flow Statement for the year then ended, and a summary
gSa] dh ys[kkijh{kk dh gSA blesa lfefr ds eLdV vkseku fLFkr 'kk[kk ds fjVUlZ of the significant accounting policies and other explanatory
'kkfey gSa ftudh vkseku esa 'kk[kk ys[kkijh{kdkasa }kjk ys[kkijh{kk dh xbZ gSA information. This includes the Returns of Society’s Branch
at Muscat, Oman, which have been audited by the Branch
auditors at Oman.
2- foÙkh; fooj.kksa ds fy, izcaèku dk nkf;Ro 2. Management’s Responsibility for the Financial Statements
baLVhV~~;wV vkiWQ pkVZMZ ,dkmUVsaV~l vkWiQ bafM;k }kjk tkjh ys[kkadu ekudksa lfgr Management is responsible for the preparation of these
financial statements that give a true and fair view of the financial
vke rkSj ij Hkkjr esa Lohdk;Z ys[kkadu fl¼karksa rFkk cgqjkT; lgdkjh lkslkbVh position, financial performance and cash flows of the Society in
vf/fu;e] 2002 (vf/fu;e) ds çko/kuksa ds vuq:i bu foRrh; fooj.kksa dks accordance with the accounting principles generally accepted
rS;kj djus dk nkf;Ro çca/u dk gS tks lfefr dh foRrh; fLFkfr] foRrh; in India, including the Accounting Standards issued by the
dk;Z&fu"iknu vkSj udnh çokg dk mfpr fp=k çLrqr djrs gksaA bl nkf;Ro esa Institute of Chartered Accountants of India and the provisions
bu foRrh; fooj.kksa dks rS;kj djus vkSj çLrqr djus ls lEc¼ vkarfjd fu;a=k.k of the Multi State Cooperative Societies Act, 2002 (the Act).
This responsibility also includes the design, implementation and
dk fMtkbu] dk;kZUo;u vkSj vuqj{k.k 'kkfey gS tks foRrh; fooj.kksa dk lgh maintenance of internal control relevant to the preparation and
vkSj mfpr fp=k çLrqr djsa vkSj tks fdlh cM+h xyrc;kuh pkgs og diV vFkok presentation of the financial statements that give a true and
xyrh ls gks] ls eqDr gksaA fair view and are free from material mis-statement, whether
due to fraud or error.
3- ys[kkijh{kdksa dk nkf;Ro 3. Auditor’s Responsibility
gekjk nkf;Ro gekjh ys[kkijh{kk ds vk/kj ij bu foRrh; fooj.kksa ij viuh jk; Our responsibility is to express an opinion on these financial
O;Dr djuk gSA geus vf/fu;e ds çko/kkuksa] ys[kkadu rFkk ys[kkijh{kk ekudksa] statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards
mu ekeyksa ftUgsa vf/fu;e osQ çko/kuksa rFkk muds rgr cuk, x, fu;eksa ds and matters which are required to be included in the audit report
varxZr ys[kkijh{kk fjiksVZ esa 'kkfey fd;k tkuk visf{kr gS] dks è;ku esa j[krs gq, under the provisions of the Act and the Rules made there under.
ys[kkijh{kk dh gSA We conducted our audit in accordance with the Standards on
geus viuh ys[kkijh{kk baLVhV~;wV vkWiQ pkVZMZ ,dkmUVsaV~l vkWiQ bafM;k }kjk Auditing issued by the Institute of Chartered Accountants of
tkjh ys[kkijh{kk ekudksa ds vuqlkj dh gSA bu ekudksa esa ;g vis{kk dh tkrh India. Those Standards require that we comply with ethical
gS fd ge viuh ys[kkijh{kk bl çdkj ls djsa fd ,d mfpr lhek rd bl requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements
ckr dh larqf"V gks lds fd ;s foRrh; fooj.k fdlh çdkj dh xyrc;kuh ls are free from material mis-statement.
eqDr gSaA
An audit involves performing procedures to obtain audit
ys[kkijh{kk çfØ;k esa jkf'k;ksa ds ckjs esa ys[kkijh{kk lk{; vkSj foRrh; evidence about the amounts and disclosures in the financial
fooj.kksa ds ckjs esa çdVu çkIr djuk gksrk gSA ftu çfØ;kvksa dk p;u statements. The procedures selected depend on the auditor’s
fd;k tkrk gS] os ys[kkijh{kdksa ds fu.kZ; ij vk/kfjr gksrh gSa ftlesa foRrh; judgment, including the assessment of the risks of material
fooj.kksa ds ckjs esa fdlh cM+h xyrc;kuh ds tksf[keksa dk vkdyu pkgs og diV mis-statement of the financial statements, whether due to
fraud or error. In making those risk assessments, the auditor
vFkok xyrh ls gks] 'kkfey gksrk gS A bl çdkj ds tksf[keksa dk vkdyu djrs considers internal control relevant to the Society’s preparation
le; ys[kkijh{kd foRrh; fooj.kksa dks rS;kj djus esa o mudh mfpr çLrqfr ,oa and fair presentation of the financial statements that give a
mfpr fp=k çLrqr djus ds fy, lfefr ds vkarfjd fu;a=k.kksa dks è;ku esa j[krs true and fair view in order to design audit procedures that
gq, ys[kkijh{kk çfØ;k ds ,sls fMtkbu dk fu/kZj.k djrs gSa] tks mu ifjfLFkfr;ksa are appropriate in the circumstances. An audit also includes
esa mfpr gksrk gSA ys[kkijh{kk dk;Z esa çca/u }kjk viukbZ xbZ ys[kkadu uhfr;ksa evaluating the appropriateness of accounting policies used and
ds vkSfpR; vkSj ys[kkadu vuqekuksa dh mi;qDrrk dk ewY;kadu djuk Hkh 'kkfey the reasonableness of the accounting estimates made by the
Management, as well as evaluating the overall presentation of
gksrk gS vkSj blds lkFk&lkFk blesa foRrh; fooj.kksa dh lexz çLrqfr dk ewY;kadu the financial statements.
djuk Hkh 'kkfey gksrk gSA
We believe that the audit evidence we have obtained is
gesa fo'okl gS fd gekjs }kjk çkIr fd, x, ys[kkijh{kk lk{; gekjh ys[kkijh{kk sufficient and appropriate to provide a basis for our audit opinion
jk; ds laca/ esa leqfpr vkSj i;kZIr vk/kj çLrqr djrs gSaA on the financial statements.
4- jk; 4. Opinion
gekjh jk; esa vkSj gesa nh xbZ loksZRre tkudkjh ds vuqlkj vkSj gesa fn, In our opinion and to the best of our information and according
x, Li"Vhdj.kksa ds vuqlkj ;s foRrh; fooj.k vf/fu;e esa ;Fkk visf{kr to the explanations given to us, the financial statements give
lwpuk,a çnku djrs gSa vkSj Hkkjr esa vkerkSj ij viuk, tkus okys ys[kkadu the information required by the Act in the manner so required
and give a true and fair view in conformity with the accounting
fl¼karksa ds vuq:i fuEufyf[kr ds laca/ esa lgh vkSj mfpr fp=k çLrqr djrs gSa% principles generally accepted in India:
(d) 31 ekpZ] 2018 dh oLrqfLFkfr dks n'kkZus okyk rqyu&i=k lfefr ds dk;ks± (a) in the case of the Balance Sheet, of the state of affairs
dk mfpr fp=k çLrqr djrk gS_ of the Society as at March 31, 2018;
107
([k) ykHk&gkfu ds fooj.k ds ekeys esa mlh rkjh[k dks lekIr gq, o"kZ ds fy, (b) in the case of the Statement of Profit and Loss, of the
lfefr ds ykHk ds laca/ esa lgh vkSj mfpr fp=k çLrqr djrk gS_ rFkk profit for the year ended on that date; and
(x) udnh çokg fooj.k ds laca/ esa ml rkjh[k dks lekIr gq, o"kZ ds fy, (c) in the case of the Cash Flow Statement, of the cash flows
lfefr ds udnh çokg dk lgh vkSj mfpr fp=k çLrqr djrs gSaA for the year ended on that date.
5- vU; ekeys 5. Other Matter
lfefr dh eLdV] vkseku fLFkr 'kk[kk ds foRrh; fooj.kksa dks lfefr ds foRrh; The financial statements of Society’s Branch at Muscat, Oman
included in the financial statements of the Society, reflecting
fooj.kksa esa 'kkfey fd;k x;k gS] tks 31 ekpZ] 2018 ds vuqlkj ` 329-15 djksM+ total assets of ` 329.15 crore as at March 31, 2018 and total
dh dqy ifjlaifRr;ksa rFkk 'kk[kk ys[kkijh{kd }kjk lekIr o"kZ dh ml rkjh[k revenue of ` 75.94 crore for the year ended on that date have
dks ` 75-94 djksM+ ds dqy jktLo dks n'kkZrk gS] ftldh fjiksVZ gesa çLrqr dh been audited by the Branch auditor whose report has been
xbZ gS vkSj gekjh jk; esa tgka rd bl 'kk[kk dh 'kkfey dh xbZ jkf'k;ksa rFkk furnished to us, and our opinion, in so far as it relates to the
fMLDykstj dk lacaèk gS] ;g 'kk[kk ys[kkijh{kd dh ,dek=k fjiksVZ ij vk/kfjr amounts and disclosures included in respect of this Branch, is
gSA bl ekeys esa gekjh jk; dks la'kksf/r ugha fd;k x;k gSA based solely on the report of such Branch auditor. Our opinion
is not modified in respect of this matter.
6- vU; fof/d o fofu;ked vis{kkvksa ij fjiksVZ 6. Report on Other Legal and Regulatory Requirements
As required under the Multi State Cooperative Societies Act,
cgqjkT; lgdkjh lkslkbVh vf/fu;e] 2002 dh vis{kkvksa ds vuqlkj ge fjiksVZ 2002, we report that:
nsrs gSa fd%
(a) We have obtained all the information and explanations,
(d) geus os lHkh lwpuk,a ,oa Li"Vhdj.k tks gekjh tkudkjh ,oa fo'okl ds
which to the best of our knowledge and belief were
vuqlkj ys[kkijh{kk ds fy, vko';d Fks] çkIr dj fy, gSa_ necessary for the purposes of our audit;
([k) gekjs fopkj ls] lfefr us cgqjkT; lgdkjh lkslkbVh fu;ekoyh] (b) In our opinion, proper books of account as specified in
2002 vkSj lfefr ds mi fu;eksa ds vuqlkj ;Fkko';d ys[kk the Multi State Cooperative Societies Rules, 2002 have
iqLrdsa leqfpr :i ls j[kh gSa] tSlk fd iqLrdksa dh tkap ls çrhr gksrk gS been kept by the Society so far as appears from our
vkSj ftu 'kk[kkvksa esa ge ugha tk ik, gSa ogka ls leqfpr fjVUlZ gesa çkIr examination of those books, and proper returns adequate
for the purposes of our audit have been received from
gks xbZ gSa vkSj ;s fjVuZ ys[kkijh{kk ds gekjs ç;kstu ds fy, i;kZIr gSa_
the branches not visited by us;
(x) vkseku fLFkr eLdV 'kk[kk ds [kkrksa ftudh ys[kkijh{kk lfefr (c) The Accounts of the Society’s Branch at Muscat, Oman
ds ys[kkijh{kdksa ls fHkUu vU; ys[kkijh{kdksa ls djkbZ xbZ gS vkSj eLdV have been audited by the auditors other than the Society’s
'kk[kk ls çkIr foRrh; fooj.kksa dks lfefr dh ys[kkadu uhfr;ksa ds auditors and the financial statements as received from the
vuqlj.k esa gekjs }kjk ;Fkk ys[kkijhf{kr foRrh; fooj.kksa esa 'kkfey dj Society’s Branch at Muscat, Oman have been incorporated
in the financial statements as audited by us, in accordance
fy;k x;k gS vkSj geus viuh fjiksVZ esa mu ys[kkijh{kdksa dh fjiksVZ dh with the accounting policies of the Society and the Auditor’s
ekU;rk nh gS_ Report thereon has been considered in our Report;
(?k) bl fjiksVZ esa fn, x, foRrh; fooj.k vFkkZr rqyu&i=k] ykHk&gkfu fooj.k (d) The financial statements i.e. the Balance Sheet,
rFkk udnh çokg fooj.k ys[kk iqLrdksa ls esy [kkrs gSaA Statement of Profit and Loss and Cash Flow Statement
dealt with by this report are in agreement with the books
of accounts.
For Arun Singh & Co. For V. K. Dhingra & Co. For G. S. Mathur & Co. For S. Mann & Co. For S. K. Mehta & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
Firm Regn. No. 011863 N Firm Regn. No. 000250 N Firm Regn. No. 008744 N Firm Regn. No. 000075 N Firm Regn. No. 000478 N
(Suraj Prasad Sharma) (Lalit Ahuja) (Prabhat Mukherjee) (Subhash Chander Mann) (Rohit Mehta)
Partner Partner Partner Partner Partner
M. No. 096806 M. No. 085842 M. No. 081616 M. No. 080500 M. No. 091382
108
egRoiw.kZ ys[kk uhfr;ka Significant Accounting Policies
1- foÙkh; fooj.k rS;kj djus dk vkèkkj 1 Basis of Preparation of Financial Statements
;s foRrh; fooj.k HkkjRk esa vkeRkkSj ij Lohdk;Z ys[kkadu fl¼kaRkksa] baLVhVÔwV vkWiQ The financial statements are prepared on accrual basis under
pkVZMZ ,dkmaVsaV~l vkWiQ bafM;k }kjk Tkkjh ys[kkadu ekudksa vkSj cgqjkT; lgdkjh the historical cost convention except otherwise stated, in
lkslkbVht vfèkfu;e] 2002 osQ izkoèkkuksa osQ vuqlkj fgLVksfjdy ykxRk ijEijk accordance with the Generally Accepted Accounting Principles
osQ vaRkxZRk] ,Øwvy vkèkkj ij vU;Fkk fd, x, fdlh mYys[k osQ flok;] rS;kj in India, the Accounting Standards issued by the Institute of
fd;s x;s gSaA Chartered Accountants of India and the provisions of Multi
State Cooperative Societies Act, 2002.
2- vuqekuksa dk mi;ksx 2 Use of Estimates
;s foRrh; fooj.k vkeRkkSj ij Lohdk;Z ys[kkadu fl¼kaRkksa osQ vuq:i rS;kj fd;s The preparation of financial statements, in conformity with
x;s gSa fTkuosQ vaRkxZRk tgka dgha Hkh vko';d gksrk gS] foRrh; fooj.kksa dks the Generally Accepted Accounting Principles, requires
rS;kj djus dh Rkkjh[k dks mu jkf'k;ksa osQ vuqeku vkSj iwokZuqeku yxk;s Tkkus Management to make estimates and assumptions wherever
necessary that affect the reported amount of assets, liabilities
dh vko';dRkk gksRkh gS Tkks ifjlEifRr;ksa] ns;rkvksa vkSj izklafxd ns;Rkkvksa dh
and contingent liabilities as on the date of the financial
fjiksVZxRk jkf'k;ksa ij vkSj vofèk osQ nkSjku jktLo o O;; dh fjiksVZxr jkf'k ij statements and the reported amount of revenue and expenses
izHkko MkyRkh gSaA okLRkfod ifj.kkeksa vkSj vuqekuksa osQ chp osQ vaRkj dks ml during the period. Difference between the actual results and
vofèk osQ nkSjku ekU;Rkk iznku dh TkkRkh gS ftlesa bu ifj.kkeksa dk iRkk py estimates are recognised in the period, in which the results
TkkRkk gSA materialise.
3- lEifÙk] la;a=k o miLdj 3 Property, Plant & Equipment
(d) Hkwfe osQ vfrfjDr lEifÙk] la;a=k o miLdj dk mYys[k fgLVksfjdy ykxRk (a) Property, Plant & Equipment other than Land are
esa ls lafpRk ewY;ßkl@ifj'kksèku dks ?kVkdj fd;k x;k gSA ykxRk esa [kjhn stated at historical cost less accumulated depreciation /
ewY; vkSj ml ifjlEifRr dks okafNRk mi;ksx dh fLFkfRk esa ykus osQ fy, amortisation. Cost comprises of the purchase price and
O;; dh xbZ lHkh jkf'k;ksa dks Hkh 'kkfey fd;k x;k gSA any attributable cost of bringing the asset to its working
condition for its intended use.
([k) Hkwfe dk mYys[k iqueZwY;kadu dh rkjh[k dks mlosQ iqueZwY;kafdr jkf'k (b) Land are stated at revalued amount i.e. fair value on
vFkkZr mfpr ewY; ij iqueZwY;kadu dh rkjh[k osQ ckn lafpr ifj'kksèku the date of revaluation less accumulated amortisation
dks ?kVkdj fd;k x;k gSA subsequent to the date of revaluation.
(x) lfØ; mi;ksx ls gVkbZ xbZ vkSj fuiVku osQ fy, j[kh xbZ ifjlEifRr;ksa (c) Assets retired from active use and held for disposal are
dks vyx ls LFkk;h ifjlEifRr;ksa osQ varxZr fuoy [kkrk ewY; osQ U;wure shown separately under Fixed Assets at lower of net book
ij vkSj vuqekfur olwyh ;ksX; ewY; ij n'kkZ;k x;k gSA value and net realisable value.
(?k) lEifÙk] la;a=k rFkk miLdj osQ ekunaM iwjs djus okys iqtsZ vFkkZr 12 ekg (d) Spares meeting the criteria of Property, Plant and
ls vfèkd dh vofèk osQ fy, iz;ksx esa yk;s tk ldus okys dyiqtks± dk Equipment i.e. Spares expected to be used for a period
iwathdj.k fd;k tkrk gSA of more than twelve months are capitalized.
4- fuekZ.k vofèk osQ nkSjku fd;k x;k O;; 4 Expenditure incurred during Construction Period
bdkbZ;ksa osQ u;s@izeq[k foLRkkj osQ lacaèk esa okf.kfT;d mRiknu vkjaHk gksus dh In respect of new / major expansion of units, the indirect
expenditure incurred during construction period upto the
Rkkjh[k Rkd fuekZ.k vofèk osQ nkSjku fd;s x;s vizR;{k O;; tks fd ml ifj;ksTkuk
date of commencement of commercial production, which is
osQ fuekZ.k ls lacafèkRk gSa] dks vkuqikfRkd vkèkkj ij iwaTkhÑRk fd;k x;k gSA attributable to the construction of the project, is capitalised on
proportionate basis.
5- vewRkZ ifjlEifRr;ka 5 Intangible Assets
fdlh vewRkZ ifjlEifRr dks RkHkh vewRkZ ifjlEifRr ekuk x;k gS Tkc ,slh laHkkouk An intangible asset is recognised where it is probable that the
gks fd Hkfo"; esa ml ifjlEifRr ls lfefRk dks vk£Fkd ykHk feysxk vkSj ml future economic benefits attributable to the asset will flow to
ifjlEifRr dh ykxRk dh x.kuk fo'oluh; RkkSj ij dh Tkk ldRkh gSA ,slh the Society and the cost of the asset can be measured reliably.
ifjlEifRr;ksa dks pqdk, x, ½.k dks ?kVkus osQ ckn ykxRk ij n'kkZ;k tkrk gSA Such assets are stated at cost less accumulated amortisation.
7- fuos'k 7 Investments
(d) nh?kkZofèkd (xSj&pkyw) fuos'kksa dk fglkc ykxr ij yxk;k x;k gSA ,sls (a) Long Term (Non-Current) Investments are carried at cost.
Provision for diminution in the value of such investments
fuos'kksa osQ ewY; esa deh dk izkoèkku osQoy ml voLFkk esa fd;k x;k gS
is made to recognise a decline, other than temporary.
tc og deh fuos'k dh ykxr esa vLFkk;h rkSj ls fHkUu gksA
(b) Current Investments are valued at lower of cost and fair
([k) pkyw fuos'kksa dk ewY; ykxr osQ U;wure ij vFkok izR;sd fuos'k osQ vkèkkj value determined on an individual investment basis.
ij leqfpr ewY; ij fuèkkZfjr fd;k x;k gSA
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8- ekylwfp;ka 8 Inventories
ekylwfp;ksa dk ewY;kadu] ykxr vkSj fuoy olwyh ;ksX; ewY; ij fd;k x;k gSA Inventories are valued at lower of cost and net realisable value.
(d) ekylwph dh fofHkUu enksa dh ykxr fuEufyf[kr vkèkkj ij fudkyh (a) The cost in respect of various items of inventory is
xbZ gS% computed as under:
(i) dPps eky] iS¯dx lkexzh] fuekZ.k lkexzh] LVkd esa ywt VwYl] (i) Raw Materials, Packing Materials, Construction
Materials, Loose Tools in Stock, Chemicals and
LVkd esa osQfedy ,oa dSVkfyLV rFkk Lis;lZ vkSj LVkslZ dh Catalysts in Stock and Stores and Spares at
ekfld Hkkfjr vkSlr ykxr ijA monthly weighted average cost.
(ii) izfØ;kèkhu LVkd dk izR;{k ykxr ij vkSj Åijh& [kpks± osQ (ii) Stock-in-Process at direct cost and an appropriate
leqfpr Hkkx dks tksM+djA portion of overheads.
(iii) Finished Goods:
(iii) rS;kj eky%
& mRikfnr ukbVªksthul moZjd tks xzqi fj;k;r ;kstuk osQ varxZr – Manufactured Nitrogenous Fertilisers covered
by Group Concession Scheme at annualised
vkrs gSa] dk ewY;kadu la;a=k Lrj ij okf"kZd mRiknu ykxr cost of production at Plant after adjustment of
esa ls moZjd m|ksx leUo; lfefr (,iQvkbZlhlh) osQ ekudksa subsidy determined as per the norms of the
osQ vuqlkj fuèkkZfjr dh xbZ vFkZlgk;rk dk lek;kstu djus osQ Fertiliser Industry Coordination Committee
cknA (FICC).
& mRikfnr iQkLiQsfVd moZjdksa dk ewY;kadu la;a=k Lrj ij ok£"kd – Manufactured Phosphatic Fertilisers at
mRiknu ykxr ij moZjd foHkkx] Hkkjr ljdkj }kjk le;≤ annualised cost of production at Plant after
adjustment of concession as notified by the
ij vfèklwfpr vFkZlgk;rk dk lek;kstu djus osQ cknA Department of Fertilisers, Government of India
from time to time.
(iv) LVkWd&bu&VªsM% (iv) Stock-in-Trade:
& vk;kfrr ukbVªksthul moZjd ekeys esa Hkkfjr vkSlr vkèkkj ij – Imported Nitrogenous Fertilisers at procurement
cost determined on weighted average basis plus
fuèkkZfjr [kjhn ykxr tek izR;{k O;; esa ls Hkkjr ljdkj }kjk direct expenses less reimbursement of handling
r; dh xbZ gSaM¯yx ykxr dh izfriw£r ?kVkdjA cost as fixed by the Government of India.
& vk;kfrr iQkLisQfVd moZjd ekeys esa Hkkfjr vkSlr vkèkkj – Imported Phosphatic Fertilisers at procurement
ij fuèkkZfjr [kjhn ykxr tek izR;{k O;; esa moZjd foHkkx] cost determined on weighted average basis plus
Hkkjr ljdkj }kjk le;≤ ij vfèklwfpr vFkZlgk;rk osQ direct expenses after adjustment of concession
as notified by the Department of Fertilisers,
lek;kstu osQ cknA Government of India from time to time.
([k) rS;kj eky osQ fuoy olwyh ;ksX; ewY; dk fuèkkZj.k O;kikj dh lkekU; (b) Net realisable value of Finished Goods is determined at
ifjfLFkfr;ksa esa vuqekfur fcØh ewY; esa ls fcØh djus osQ fy, vko';d estimated selling price in the ordinary course of business
ykxrksa dks ?kVkus osQ ckn fd;k tkrk gSA less the estimated costs necessary to make the sale.
(x) LVksj o Lis;lZ tks Lyks ;k ukWu&ew¯ox gSa] dks rduhdh vuqekuksa osQ vkèkkj (c) Stores and Spares, which are slow or non-moving are
ij vuqekfur olwyh ;ksX; ewY; ij ewY;kafdr fd;k x;k gS rkfd muosQ valued at estimated realisable value based on technical
iqjkus gksus vFkok ewY; esa vU; fdlh deh osQ izHkko dks n'kkZ;k tk losQA estimates to reflect the impact of obsolescence or other
diminution in value.
9- ewY;ßkl@ifj'kksèku 9 Depreciation / Amortisation
(d) vpy ifjlaifÙk;ksa esa ewY;ßkl dk izkoèkku mudh mi;ksxh thoukofèk osQ (a) Depreciation on Fixed Assets is provided on Straight Line
vkèkkj ij vkSj daiuht vfèkfu;e 2013 dh vuqlwph 2 esa ;FkkfuèkkZfjr Method based on useful life and in the manner prescribed
rjhosQ ls LVªsV ykbu esFkM osQ vuqlkj fd;k x;k gSA in Schedule II to the Companies Act, 2013.
([k) ifjlEifRr;ksa dks mudh ewy ykxRk dh 95 izfRk'kRk lhek Rkd ewY;ßkflRk (b) Assets are depreciated to the extent of 95% of the
fd;k TkkRkk gS] flok; vLFkk;h <+kpsa] ftudk ewY;ßkl mudh mi;ksxh original cost except temporary structures which are
thoukofèk osQ vkèkkj ij 100» lhek rd fd;k tkrk gS vkSj ,slh depreciated to the extent of 100% over the useful life
and assets individually costing up to ` 5000/-, which are
ifjlEifRr;ksa osQ] fTkudh ykxRk izR;sd ekeys esa ` 5]000@& Rkd gksRkh fully depreciated in the year of acquisition.
gS] dks vfèkxzg.k osQ o"kZ esa gh iwjh Rkjg ewY;ßkflRk dj fn;k TkkRkk gSA
(x) iwathxr dyiqtks± dk mudh laHkkfor mi;ksxh thou vofèk osQ vkèkkj ij (c) Capitalised Spares are fully depreciated over their
iw.kZr% ewY;ßkl fd;k tkrk gSA respective useful life.
(?k) iV~Vs okyh Hkwfe osQ vfèkxzg.k dh ykxr osQ HkqxRkku dks] LFkk;h (d) Cost of acquisition of leasehold land, other than those
yht osQ varxZr vf/x`ghr Hkwfe dks NksM+dj] iV~Vs dh vofèk esa acquired under perpetual lease basis, is amortised over
the period of lease.
ifj'kksfèkr fd;k x;k gSA
(Ä) iV~Vs okys Hkouksa ij iw.kZ ewY;ßkl iV~Vk vofèk rFkk bldh mi;ksxh (e) Leasehold buildings are fully depreciated over the period
thoukofèk osQ fy;s] tks Hkh de gksxh] daiuht+ vfèkfu;e 2013 dh of lease and the useful life as per Schedule II to the
Companies Act, 2013, whichever is lower.
vuqlwph 2 osQ vuqlkj fd;k x;k gSA
(p) vewRkZ ifjlEifRr;ksa dk ifj'kksèku mudh vuqekfuRk mi;ksxh Tkhou vofèk (f) Intangible assets are amortised over their estimated
esa fd;k TkkRkk gS ijUrq ifjlaifÙk dh ;g vofèk nl o"kZ ls vfèkd ugha useful lives but not exceeding ten years.
gksuh pkfg,A
(g) The components of the main asset that are significant
(N) eq[; ifjlEifÙk osQ oaQiksusaV ftudk ewY; dkiQh egRoiw.kZ gksrk gS rFkk in value and have different useful lives as compared to
mudh mi;ksxh thoukofèk eq[; laifÙk dh rqyuk esa vyx gksrh gS] mudh main asset, are depreciated over their respective useful
mi;ksxh thoukofèk osQ vkèkkj ij mudk ewY;ßkl fd;k tkrk gSA life.
110
10- jkTkLo dk Lohdj.k 10 Revenue Recognition
jkTkLo Lohdj.k ml lhek Rkd fd;k TkkRkk gS Tkgka Rkd mldks fo'oluh;Rkk osQ Revenue is recognised to the extent that it can be reliably
vkèkkj ij vkadk Tkk ldRkk gS vkSj ;g laHkkouk gksRkh gS fd blls lfefRk dks measured and is probable that the economic benefits will flow
vkfFkZd ykHk gksaxsA to the Society.
(d) eky dh fcØh (a) Sale of Goods
(i) Domestic Sales are recognised on the basis of
(i) ?kjsyw fcfØ;ksa dk fglkc fuxZe vkSj fjyhTk vkns'kksa osQ Lohdkj issue and acceptance of Release Orders whereby
gksus osQ vkèkkj ij fd;k TkkRkk gS fTklosQ vaRkxZRk ekfydkuk gd all significant risks and rewards of ownership are
osQ lHkh izeq[k Tkksf[ke vkSj ykHk [kjhnnkj dks vaRkfjRk gks TkkRks gSa transferred to the buyer and the Society retains
vkSj lfefRk osQ ikl eky ij bl izdkj dk dksbZ izHkkoh fu;a=k.k no effective control of the goods transferred to a
ugha gksRkk Tkks fd vkeRkkSj ij ekfydkuk gd ls TkqM+k gksA degree usually associated with the ownership.
(ii) gkbZ lh lsYl dh x.kuk ØsRkk osQ i{k esa fcy vkWiQ yS¯Mx osQ (ii) High Sea sales are recognised upon endorsement
i`"Bkadu ij dh TkkRkh gSA of bill of lading in favour of buyer.
([k) HkkjRk ljdkj ls vFkZ&lgk;Rkk (b) Subsidy from Government of India
HkkjRk ljdkj ls izkIRk gksus okyh moZjd laca/h jkTkLo vFkZ&lgk;Rkk Revenue Subsidy from Government of India allowable
dh x.kuk lacafèkr fj;k;r ;kstuk osQ varxZr ,d lqfuf'pRk rkSj ij under Concession Scheme with regard to Fertilisers
is recognised on a systematic basis to match with the
ml vkèkkj ij dh TkkRkh gS fTkldh lEc¼ ykxRk dh izfRkiwfRkZ gksus dh related costs that are intended to compensate.
laHkkouk gksRkh gSA
(x) vU; vk; (c) Other Income
(i) ykHkka'k vk; dh x.kuk RkHkh dh TkkRkh gS Tkcfd mldk HkqxRkku (i) Dividend income is recognised when the right to
izkIRk gksus dk vfèkdkj iDdk gks TkkRkk gSA C;kt dh vk; dh x.kuk receive payment is established. Interest income is
recognised on a time proportion basis.
le; vuqikr vkèkkj ij dh tkrh gSA
(ii) xzkgdksa ls nsj ls izkIRk gksus okys HkqxRkkuksa ij C;kTk] chek nkoksa] (ii) Interest on delayed payments from customers,
insurance claims, coal grade slippage claims,
dksy xzsM fLyist nkoksa] rS;kj eky osQ fy, jsyos nkoksa rFkk f'kiesaV Railway claims for finished goods, Customs &
ij fMLiSp euh osQ dkj.k izkI; nkoksa dks rHkh ekU;rk iznku dh Excise claims and claims on account of despatch
tkrh gS tc olwy dh tkus okyh jkf'k osQ ckjs esa vkSj mldh money on shipments are recognised when
vafre olwyh osQ ckjs esa i;kZIr vk'oklu gksrk gSA reasonable certainty exists with regard to the
amount to be realised and ultimate collection
thereof.
(iii) LØSi@lkYost vkSj csdkj lkeku ls gksus okyh vk; dks rHkh [kkrksa (iii) Income from scrap / salvage and waste material
esa fy;k tkrk gS tc mls cspk tkrk gSA is recognised when sold.
11- fons'kh eqæk esa ysu&nsu 11 Foreign Currency Transactions
(d) fons'kh eqæk esa fd, x, lkSnksa dks vkjafHkd Lohdj.k ij lkSns dh Rkkjh[k (a) Foreign Currency transactions are recorded on initial
dks ykxw fofue; nj ij fjdkMZ fd;k TkkRkk gSA lkSnksa dk fuiVku gks Tkkus recognition at the exchange rate prevailing on the
date of the transaction. On settlement of transactions,
ij fons'kh eqæk osQ lkSnksa ij gksus okys fdlh ykHk vkSj gkfu dks ykHk o the realised gains and losses on foreign exchange
gkfu [kkRks esa n'kkZ;k tkrk gSA transactions are recognised in the Statement of Profit
and Loss.
([k) o"kZ dh lekfIRk ij fuiVku osQ fy, cdk;k fons'kh eqæk dh ekSfnzd enksa (b) Foreign currency monetary items remaining unsettled at
dks o"kZ osQ vaRk esa fofue; njksa ij fjiksVZ fd;k tkrk gSA buesa vkus okys the end of the year are reported at year-end exchange
rate. The exchange rate differences arising thereof are
fofue; nj osQ vaRkj dks] ykHk&gkfu [kkRks esa n'kkZ;k tkrk gSA xSj&ekSfnzd recognised in the Statement of Profit and Loss. Non-
ensa] fTkUgsa fgLVksfjdy ykxRk ij fy;k x;k gS vkSj fons'kh eqæk esa n'kkZ;k monetary items, which are carried at historical cost
x;k gS] dks ysu&nsu dh Rkkjh[k dks izpfyRk fofue; nj dk mi;ksx djosQ denominated in a foreign currency are reported using
fy;k tkrk gSA the exchange rate at the date of the transaction.
(x) iQkjoMZ daVªSDV~l osQ laca/ esa iQkjoMZ ,Dlpsat daVªSDV~l osQ vkjaHk gksus ij (c) In respect of forward contracts, premium or discount
izhfe;e vFkok feyus okyh NwV dks BsosQ dh vofèk esa vk; vFkok O;; arising at the inception of forward exchange contracts is
amortised as an expense or income over the period of
osQ :i esa ifj'kksfèkr fd;k TkkRkk gSA o"kZ dh lekfIr ij fuiVku osQ fy, the contract. Forward contracts remaining unsettled at
cdk;k iQkjoMZ daVªSDV~l dks o"kZ osQ var dh fofue; njksa osQ :i esa fjiksVZ the end of the year are reported at year-end exchange
fd;k tkrk gSA iQkjoMZ ,Dlpsat Bsdksa dks jn~n djus ;k uohÑr djus rate. Any profit or loss arising on cancellation or renewal
ls gksus okys fdlh ykHk vFkok gkfu dks] ml vofèk ftlesa mDr of forward exchange contracts is recognised as income
ykHk vFkok gkfu gqbZ gS] esa vk; vkSj O;; osQ :i esa fglkc esa fy;k or expense in the year, in which such profit or loss
tkrk gSA arises.
(?k) fons'kh 'kk[kkvksa osQ foRrh; fooj.kksa dks vfHkUu Hkkx osQ :i esa fy;k (d) Financial statements of foreign branches are considered
tkrk gS vkSj bls fuEukuqlkj :ikarfjr fd;k x;k gS% to be integral and are translated as follows:
(i) Monetary assets and liabilities at rate of exchange
(i) ekSfæd ifjlEifRr;ksa vkSj ns;Rkkvksa dks o"kZ osQ vaRk esa izpfyRk prevailing at the end of the year.
fofue; njksa ijA
(ii) Non-monetary items at exchange rates prevailing
(ii) xSj&ekSfæd enksa dks lkSns dh Rkkjh[k dks izpfyRk fofue; nj ijA on the date of transaction.
(iii) jkTkLo enksa dks ,Dlpsat nj ij tks ysu&nsu dh rkjh[k dks ekStwnk (iii) Revenue items are accounted for at the exchange
nj osQ vkl&ikl gksrh gS] ij fglkc esa fy;k tkrk gSA rate, which approximates the rate prevailing as on
the date of transaction.
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(iv) bl izdkj ls gksus okys 'ks"k :ikarj.k varjksa dks ykHk o gkfu [kkrs (iv) Resultant translation differences arising therefrom
esa Mkyk tkrk gSA are recognised in the Statement of Profit and Loss.
12- pkyw dj vkSj vkLFkfxRk dj 12 Current Tax and Deferred Tax
Tax expense for the period, comprising Current Tax and
bl vofèk osQ nkSjku dj O;; ftuesa pkyw dj vkSj vkLFkfxr dj 'kkfey gSa Deferred Tax is included in determining the Net Profit / (Loss)
dks bl o"kZ osQ fuoy ykHk@(gkfu) dk fuèkkZj.k djrs le; fd;k tkrk gSA for the year.
(d) pkyw dj dk izkoèkku ykxw Mcy VSDls'ku ,ok;Msal ,xzhesaV izko/kkuksa dks (a) Provision for Current Income Tax is made as per
provisions of Income Tax Act, 1961 after considering
è;ku esa j[krs gq, vk;dj vfèkfu;e] 1961 osQ izko/kuksa osQ vuqlkj fd;k the applicable Double Taxation Avoidance Agreement
tkrk gSA provisions.
([k) dj ;ksX; vk; vkSj ys[kk vk; osQ chp ¶le; vaRkjkyksa¸ osQ (b) Deferred Tax resulting from “timing differences” between
ifj.kkeLo:i vkLFkfxr dj dk fuèkkZj.k rqyu&i=k dh rkjh[k dks ykxw taxable income and accounting income is determined
by using the tax rates and the tax laws that have been
dj njksa vkSj dj dkuwuksa dks mi;ksx esa ykdj fd;k tkrk gSA vkLFkfxr enacted or substantively enacted as on the Balance
dj lEifÙk;ksa dks okftc@oLrqr% lqfuf'pr lhek rd vkxs ys tk;k tkrk Sheet date. Deferred Tax assets are carried forward to the
gS fd Hkfo"; esa tc dj ;ksX; ykHk gksxk rc bl izdkj dh vkLFkfxr extent it is reasonably / virtually certain that future taxable
dj lEifÙk;ksa dks olwy fd;k tk losQxkA profit will be available, against which such Deferred Tax
assets can be realised.
13- ½.k ykxRk 13 Borrowing Cost
½.k ykxRk fTkUgsa vfèkxzg.k ;k DokfyiQkbax ifjlEifRr;ksa osQ fuekZ.k osQ fy, Borrowing costs that are attributable to the acquisition or
vkoafVRk fd;k x;k gS] dks bu ifjlEifRr;ksa dh ykxRk osQ :i esa iwaTkhÑRk fd;k construction of qualifying assets are capitalised as part of
cost of such assets. A qualifying asset is one that necessarily
tkrk gSA DpkfyiQkbax ifjlEifRr og ifjlEifRr gksRkh gS fTkls okafNr mi;ksx gsRkq takes substantial period of time to get ready for intended use.
rS;kj gksus esa vfuok;ZRk% dkiQh le; yxRkk gSA vU; lHkh ½.k ykxRkksa dks] ml All other borrowing costs are recognised as an expense in the
vofèk] fTklesa O;; fd;k x;k gS] esa O;; osQ :i esa fy;k tkrk gSA period, in which they are incurred.
14- deZpkfj;ksa dks ykHk 14 Employee Benefits
(d) deZpkfj;ksa dks vYidkfyd ykHk (a) Short Term Employee Benefits
deZpkfj;ksa osQ vYidkfyd ykHkksa dks ml o"kZ osQ ykHk o gkfu ys[kk esa Short Term Employee Benefits are recognised as an
vufMLdkmafVM vkèkkj ij O;; osQ :Ik esa fy;k tkrk gS] ftl o"kZ ;s expense on an undiscounted basis in the Statement of
Profit and Loss of the year, in which the related service
lsok,a izkIr dh tkrh gSaA is rendered.
([k) fu;kstu mijkUr ykHk (b) Post Employment Benefits
deZpkfj;ksa dhs minku fufèk ;kstuk vkSj Hkfo"; fufèk ;kstuk lfefr dh The Employees’ Gratuity Fund Scheme and Provident
ifjHkkf"kr ykHk ;kstuk,a gSa ftudk foRr iks"k.k lfefr }kjk fd;k tkrk gS Fund Scheme are the Society’s defined benefit plans,
which are funded by the Society and are managed by
vkSj budk izcaèku vyx U;kl }kjk fd;k tkrk gSA separate Trusts.
(i) minku ;kstuk osQ varxZr lfefr osQ nkf;Ro Hkkj osQ orZeku ewY; (i) The present value of Society’s obligations under
dk fuèkkZj.k o"kZ osQ var esa okLrfod ewY;kadu osQ vkèkkj ij fd;k Gratuity Scheme is determined on the basis of
tkrk gS vkSj minku ;kstuk osQ varxZr ldy nkf;Ro esa ls Iyku actuarial valuation at the year end and the fair
ifjlEifRr;ksa dk mfpr ewY; ?kVk dj fuoy vkèkkj ij nkf;Ro value of plan assets is reduced from the gross
obligations under Gratuity Scheme, to recognise
dks ekU;rk iznku dh tkrh gSA the obligation on net basis.
(ii) Hkfo"; fufèk vkSj ifjokj isa'ku ;kstuk osQ varxZr fd;s tkus okys (ii) The contribution to Provident Fund and Family
va'knku dks O;; ekuk tkrk gS vkSj mls ykHk o gkfu ys[ks esa Pension Scheme is recognised as expense and
izHkkfjr fd;k tkrk gSA is charged to the Statement of Profit and Loss.
(iii) lfefr dks Hkfo"; fufèk U;kl }kjk fd;s x;s fuos'kksa ls feyus okys (iii) The Society has an obligation to make good
the shortfall, if any, between the return from the
izfrykHk vkSj vfèklwfpr C;kt njksa osQ chp osQ vUrj dks] ;fn investments of Provident Fund Trust and the
dksbZ gks] dks iwjk djuk gksrk gSA bl deh osQ dkj.k cuus okyh notified interest rates. Liability, on account of
ns;rk] ;fn dksbZ gks] dks ekU;rk o"kZ osQ var esa ,Dpwfj;y ewY;kadu such shortfall, if any, is recognised on the basis of
osQ vkèkkj ij nh tkrh gSA actuarial valuation carried out at the year end.
(x) deZpkfj;ksa dks nh?kZdkfyd ykHk (c) Long Term Employee Benefits
NqV~Vh udnhdj.k@dEiaslsfVM vuqifLFkfr] yEch lsok osQ fy, vokMZ The liability for Leave Encashment / Compensated
rFkk vfèko£"krk ij gkseVkmu tkus osQ ;k=kk O;; dh ns;rk dks ekU;rk Absences, Long Service Award and expenses on Travel
o"kZ osQ var esa fd, x, okLrfod ewY;kadu osQ vkèkkj ij nh tkrh gSA to Hometown on Superannuation is recognised on the
basis of an actuarial valuation carried out at the year end.
(?k) ,Dpwfj;y ewY;kadu osQ iQyLo:i gksus okys ykHk vkSj gkfu;ksa dks ykHk (d) Gains and losses arising out of actuarial valuation are
o gkfu [kkrs esa Mkyk tkrk gSA recognised in the Statement of Profit and Loss.
15- izkoèkku] izklafxd ns;Rkk,a vkSj izklafxd ifjlEifRr;ka 15 Provisions, Contingent Liabilities and Contingent Assets
(d) ns;rkvksa] ftudk vkdyu Bksl vuqekuksa osQ vkèkkj ij fd;k tk ldrk (a) Provisions are recognised for liabilities that can be
measured by using a substantial degree of estimation, if:
gS] osQ fy, izkoèkku rHkh fd;k tkrk gS tc%
(i) the Society has a present obligation as a result of
(i) lfefRk ij ekSTkwnk nkf;Ro foxRk ifj.kke osQ dkj.k gks a past event;
(ii) lalkèkuksa osQ izR;kf'kr vkmVÝyks ftlosQ vk£Fkd ykHkksa ls nkf;Ro (ii) a probable outflow of resources embodying
osQ fuiVku dh laHkkouk gks_ vkSj economic benefits is expected to settle the
obligation; and
112
(iii) nkf;Ro dh jkf'k dk fo'oluh; rkSj ij vuqeku yxk;k Tkk (iii) the amount of the obligation can be reliably
ldRkk gksA estimated.
([k) izklafxd ns;rk dks ml fLFkfr esa fMLDykst fd;k tkrk gS% (b) Contingent liability is disclosed in case of:
(i) a present obligation arising from a past event
(i) Tkc lfefRk ij ekSTkwnk nkf;Ro foxRk ifj.kke osQ dkj.k gS vkSj ;g when it is not probable that an outflow of resources
laHkkouk ugha gS fd nkf;Roksa osQ fuiVku osQ fy, vk£Fkd ykHk embodying economic benefits will be required to
okys lalkèkuksa osQ vkmVÝyks dh vko';drk gksxhA settle the obligation.
(ii) dksbZ laHkkfor nkf;Ro] tc rd fd fuiVku esa vkmVÝyks dh (ii) a possible obligation, unless the probability of
laHkkouk cgqr de gSA outflow in settlement is remote.
(x) izklafxd ifjlEifRr;ksa dks u rks fglkc esa fy;k tkrk gS vkSj u gh foRrh; (c) Contingent assets are neither recognised nor disclosed
fooj.kksa esa budks fMLdykst fd;k TkkRkk gSA in the financial statements.
yhTk ij vfèkx`ghRk ifjlEifRr;ksa] fTkuesa LokfeRo osQ fjLd vkSj fjokMZ osQ Assets acquired on lease wherein a significant portion of the
egRoiw.kZ Hkkx dks yhTkdRkkZ }kjk èkkfjRk fd;k TkkRkk gS] dks vkWijs¯Vx yhTk osQ risks and rewards of ownership are retained by the lessors
are classified as operating leases. Lease rentals paid for such
:i esa oxhZÑr fd;k TkkRkk gSA ,slh yhTk osQ fy, iznRr yhTk fdjk, dks yhTk
leases are recognised as an expense on straight line basis
dh vofèk Rkd LVªsV ykbu vkèkkj ij O;; osQ :i esa fglkc esa fy;k tkrk gSA
over the term of lease.
17- xRkkofèk vk;@O;; 17 Prior Period Income / Expenditure
xRkkofèk;ksa dh vk;@O;; ensa fTkudh jkf'k ewY;gzkl dks NksM+dj izR;sd ekeys esa Income / Expenditure items relating to prior period(s) not
` 2]00]000@& ls vfèkd ugha gS] dks pkyw o"kZ dh vk;@O;; osQ :i esa ekuk exceeding ` 2,00,000/- each except depreciation is treated as
tkrk gSA Income / Expenditure for the current year.
18- iwoZ&iznRr O;; 18 Pre-Paid Expenses
izR;sd ekeys esa ` 50]000@& Rkd osQ O;; dks] flok; chek izhfe;e osQ] mlh Expenditure upto ` 50,000/- in each case except Insurance
o"kZ osQ [kkRkksa esa fy;k tkrk gS fTkl o"kZ ;g jkf'k O;; dh tkrh gSA Premium is accounted for in the year, in which the same is
incurred.
113
rqyu&i=k ekpZ 31] 2018 dks Balance Sheet as at March 31, 2018
(` in Crore)
fVIi.k@Note As at 31.03.2018 As at 31.03.2017
For Arun Singh & Co. For V. K. Dhingra & Co. For G. S. Mathur & Co. For S. Mann & Co. For S. K. Mehta & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
Firm Regn. No. 011863 N Firm Regn. No. 000250 N Firm Regn. No. 008744 N Firm Regn. No. 000075 N Firm Regn. No. 000478 N
(Suraj Prasad Sharma) (Lalit Ahuja) (Prabhat Mukherjee) (Subhash Chander Mann) (Rohit Mehta)
Partner Partner Partner Partner Partner
M. No. 096806 M. No. 085842 M. No. 081616 M. No. 080500 M. No. 091382
dks lekIr o"kZ ended March 31, 2018 fVIi.k@Note Year Ended 31.03.2018 Year Ended 31.03.2017
I. izpkyuksa ls vk; I. Revenue from Operations
fcØh Sales 11,417.57 12,173.84
?kVk,a% mRikn 'kqYd Less: Excise Duty 10.78 107.68
11,406.79 12,066.16
moZjdkas ij lfClMh@fj;klr Subsidy/Concession on Fertilisers 9,380.76 20,787.55 10,064.07 22,130.23
V. dj&iwoZ ykHk (III-IV) V. Profit before Tax (III - IV) 1,257.24 1,016.62
VI. dj&lacaèkh O;; VI. Tax Expense
(d) pkyw dj (a) Current Tax 143.80 104.00
([k) vkLFkfxr dj (b) Deferred Tax 171.24 230.23
(x) xr o"kks± osQ fy, (c) Earlier Years 5.03 320.07 (2.31) 331.92
VII. dj&i'pkr ykHk (V-VI) VII. Profit after Tax (V - VI) 937.17 684.70
dks varfjr ykHk% Profit transferred to:
fuos'k mrkj p<+ko fuf/ Investment Fluctuation Fund 400.00 275.00
ykHkka'k lekuhdj.k fuf/ Dividend Equalisation Fund 390.00 275.00
vuqeksfnr nku osQ fy, va'knku Contribution towards approved Donations 2.00 792.00 - 550.00
cgqjkT; lgdkjh lkslkbVht vfèkfu;e] Net Profit as per Multi State Cooperative
145.17 134.70
2002 osQ vuqlkj fuoy ykHk Societies Act, 2002
ewy rFkk ruqÑr vk; izfr 'ks;j (`) Basic and Diluted Earnings per Share (`) 2,228 1,627
(lanHkZ fVIi.kh 27-19) (Refer Note 27.19)
egRoiw.kZ ys[kkadu uhfr;ka rFkk 1 ls 27 Significant Accounting Policies and Notes
rd fVIif.k;ka foÙkh; fooj.kksa dk gh ,d 1 to 27 form an integral part of the Financial
Statements.
vfHkUu Hkkx gSA
For and on behalf of Board of Directors
Rakesh Kapur U. S. Awasthi
Joint Managing Director & Managing Director
Finance Director
As per our report of even date
For Arun Singh & Co. For V. K. Dhingra & Co. For G. S. Mathur & Co. For S. Mann & Co. For S. K. Mehta & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
Firm Regn. No. 011863 N Firm Regn. No. 000250 N Firm Regn. No. 008744 N Firm Regn. No. 000075 N Firm Regn. No. 000478 N
(Suraj Prasad Sharma) (Lalit Ahuja) (Prabhat Mukherjee) (Subhash Chander Mann) (Rohit Mehta)
Partner Partner Partner Partner Partner
M. No. 096806 M. No. 085842 M. No. 081616 M. No. 080500 M. No. 091382
(d) izpkyu xfrfofèk;ksa ls udnh dk izokg% (A) Cash Flow from Operating Activities:
ewY;ßkl o ifj'kksèku O;; (fiNyh vofèk lfgr) Depreciation & Amortisation Expense (Including Prior period) 450.47 329.46
xSj pkyw fuos'kksa dh fcØh ls ykHk Profit on Sale of Non-Current Investments (2,262.85) (32.50)
xSj pkyw fuos'kksa dh fcØh@jkbV vkWiQ ls gkfu Loss on Sale/ Write-off of Non-Current Investments 148.78 1.31
olwy u dh xbZ fofue; nj esa ?kVk&c<+h (fuoy) Unrealised Exchange Rate Variations (Net) - 0.51
csph xbZ@fuiVku osQ fy, jksdh xbZ LFkk;h ifjlEifÙk;ksa ls gkfu (fuoy) Loss on Disposal/Held for Disposal of Fixed Assets (Net) 31.38 2.18
ns;rk,a@izkoèkkuksa dks okfil [kkrs esa ysuk Liabilities / Provisions written back (9.62) (360.59) (102.36) 910.20
dk;Z'khy iwath esa ifjorZuksa ls iwoZ izpkyu ykHk % Operating Profit before Working Capital Changes 896.65 1,926.82
dk;Z'khy iwath esa ifjorZuksa osQ fy, lek;kstu% Adjustment for changes in Working Capital :
O;kikj Hkqxrku ;ksX; jkf'k;ksa esa o`f¼@(deh) Increase/(Decrease) in Trade Payables 566.29 (367.82)
vU; pkyw ns;rkvksa esa o`f¼@(deh) Increase/(Decrease) in Other Current Liabilities 580.60 68.71
vU; nh?kkZofèkd ns;rkvksa esa o`f¼@(deh) Increase/(Decrease) in Other Long-Term Liabilities (2.62) (3.17)
O;kikj izkfIr ;ksX; jkf'k;ksa esa deh@(o`f¼) Decrease/(Increase) in Trade Receivables 1,372.21 (153.90)
nh?kkZofèkd ½.kksa o vfxzeksa esa deh@(o`f¼) Decrease/(Increase) in Long-Term Loans & Advances 0.33 90.23
vYikofèkd ½.kksa o vfxzeksa esa deh@(o`f¼) Decrease/(Increase) in Short-Term Loans & Advances (16.41) (20.56)
vU; pkyw ifjlEifÙk;ksa esa deh@(o`f¼) Decrease/(Increase) in Other Current Assets (54.60) 2,726.78
vU; xSj&pkyw ifjlEifÙk;ksa esa deh@(o`f¼) Decrease/(Increase) in Other Non-Current Assets 6.19 2,545.45 (0.37) 2,572.98
izpkyu esa l`ftr@(esa iz;qDr) udnh Cash Generated from / (used in) Operations 3,442.10 4,499.80
izR;{k dj Hkqxrku (okil dh xbZ fuoy jkf'k) Direct Taxes Paid (Net of Refunds) (175.00) (178.55)
lgdkjh f'k{kk fufèk esa va'knku Payment towards Cooperative Education Fund (1.35) (4.06)
lgdkjh dY;k.k fufèk esa Hkqxrku Payments from Cooperative Welfare Fund - (0.09)
nku esa nh xbZ jkf'k Donations Paid (3.07) (179.42) (0.78) (183.48)
izpkyu xfrfofèk;ksa ls (esa iz;qDr) fuoy udnh izokg (d) Net Cash Flow from / (used in) Operating Activities (A) 3,262.68 4,316.32
116
udnh izokg dk fooj.k] ekpZ 31] Cash Flow Statement for the year ended (` in Crore)
2018 dks lekIr o"kZ dk (tkjh) March 31, 2018 (Contd.) Year Ended 31.03.2018 Year Ended 31.03.2017
([k) fuos'k xfrfofèk;ksa ls udnh dk izokg (B) Cash Flow from Investing Activities:
LFkk;h ifjlEifÙk;ksa] ftuesa ewrZ ifjlEifÙk;ka] vewrZ Proceeds from / (Purchase of) Fixed Assets, including (855.38) (1,749.94)
ifjlEifr;ka 'kkfey gSa] iawthxr pkyw fuekZ.k dk;Z Tangible Assets, Intangible Assets, Capital Work-in-
rFkk iwathxr vfxze dh fcØh@([kjhn) dh jkf'k Progress and Capital Advances
Proceeds from / (Purchase of) Current / Non-Current 1,673.49 964.39
pkyw@xSj&pkyw fuos'kksa dh fcØh@([kjhn) (fuoy) Investments (Net)
izkIr ykHkka'k Dividend Received 95.88 82.84
izkIr C;kt Interest Received 136.56 90.18
fuos'k xfrfofèk;ksa ls@(esa iz;qDr) fuoy Net Cash Flow from / (used in) Investing Activities (B)
1,050.55 (612.53)
udnh izokg ([k)
(x) foÙkh; xfrfofèk;ksa ls udnh dk izokg% (C) Cash Flow from Financing Activities:
'ks;jiwath dk fuxZe@izR;korZu (fuoy) Issue / (Repatriation) of Share Capital (Net) (0.30) (3.54)
nh?kkZofèkd mèkkjksa (fuoy) ls feyh jkf'k@(dk Proceeds from/(Repayment of) Long-Term Borrowings (Net) (384.02) 1,381.19
Hkqxrku)
vYikofèkd mèkkjksa (fuoy) ls feyh jkf'k@ Proceeds from/(Repayment of) Short-Term Borrowings (Net) (711.18) (3,992.09)
(dk Hkqxrku)
C;kt dk Hkqxrku Interest Paid (786.24) (874.33)
bfDoVh 'ks;jksa ij YkkHkka'k dk Hkqxrku Dividend Paid on Equity Shares (84.17) (85.70)
foÙkh; xfrfofèk;ksa ls@(esa iz;qDr) fuoy udnh Net Cash Flow from / (used in) Financing Activities (C) (1,965.91) (3,574.47)
izokg (x)
udnh ,oa udnh osQ lerqY; esa fuoy Net Increase / (Decrease) in Cash and Cash Equivalents
2,347.32 129.32
o`f¼@(deh) (d$[k$x) (A+B+C)
o"kZ osQ vkjEHk esa udnh ,oa udnh osQ Cash and Cash Equivalents as at the beginning of the
315.77 186.45
lerqY; year
o"kZ osQ var esa udnh ,oa udnh osQ Cash and Cash Equivalents as at the close of the year 2,663.09 315.77
lerqY;
udnh ,oa udnh osQ lerqY; ?kVd Components of Cash and Cash Equivalents
ikl eas udnh Cash-in-Hand 0.40 0.42
ikl eas pSd Cheques-in-Hand 34.52 73.01
ekxZLFk tek jkf'k Remittance-in-Transit 153.64 36.27
cSadksa esa 'ks"k% With Bank :
pkyw [kkrs esa In Current Account 223.65 206.04
rhu ekg ls vfèkd ewy ifjiDork esa tek jkf'k;ka In Deposits with Original Maturity more than three months 2,250.00 -
viznÙk ykHkka'k [kkrs eas In Unpaid Dividend Account 0.01 0.03
vU; Others 0.87 -
oqQy udnh ,oa udnh osQ lerqY; Total Cash and Cash Equivalents 2,663.09 315.77
For Arun Singh & Co. For V. K. Dhingra & Co. For G. S. Mathur & Co. For S. Mann & Co. For S. K. Mehta & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
Firm Regn. No. 011863 N Firm Regn. No. 000250 N Firm Regn. No. 008744 N Firm Regn. No. 000075 N Firm Regn. No. 000478 N
(Suraj Prasad Sharma) (Lalit Ahuja) (Prabhat Mukherjee) (Subhash Chander Mann) (Rohit Mehta)
Partner Partner Partner Partner Partner
M. No. 096806 M. No. 085842 M. No. 081616 M. No. 080500 M. No. 091382
117
Notes forming part of Financial Statements
As at 31.03.2018 As at 31.03.2017
Nos. Amount Nos. Amount
` 1]00]000@& izR;sd osQ bfDoVh 'ks;j Equity Shares of ` 1,00,000/- each
o"kZ osQ vkjaHk esa cdk;k 'ks;j Shares Outstanding at the beginning of the year 34,810 348.10 35,163 351.63
tksM+sa % o"kZ osQ nkSjku tkjh 'ks;j Add: Shares issued during the year - - - -
?kVk,a % o"kZ osQ nkSjku mUeksfpr 'ks;j Less: Shares redeemed during the year 20 0.20 353 3.53
o"kZ osQ vUr esa cdk;k 'ks;j Shares Outstanding at the end of the year 34,790 347.90 34,810 348.10
` 1]000@& izR;sd osQ 7]484 bfDoVh 'ks;j] ` 10]000@& izR;sd osQ 718 bfDoVh 'ks;j vkSj 7,484 Equity Shares of ` 1,000/- each; 718 Equity Shares of ` 10,000/- each and
` 1]00]000@& izR;sd osQ 448 bfDoVh 'ks;jksa dks rqyui=k dh rkjh[k ls Bhd igys xr 448 Equity Shares of ` 1,00,000 each have been redeemed / forfeited during a
ikap o"kks± osQ nkSjku mUeksfpr@tCr fd;k x;k gSA period of five years immediately preceding the Balance Sheet date.
bl o"kZ osQ nkSjku mUeksfpr 'ks;jksa esa o"kZ osQ nkSjku tCr fd, x;s ` 1]000@& izR;sd osQ Shares redeemed during the year include 786 (207) Equity Shares of ` 1,000/- each
786 (207) bfDoVh 'ks;j] ` 10]000@& izR;sd osQ 25 (8) bfDoVh 'ks;j and 25 (8) Equity Shares of ` 10,000/- each forfeited during the year.
118
Notes forming part of Financial Statements
119
Notes forming part of Financial Statements
vkLFkfxr dj ns;rk & (fuoy) Deferred Tax Liability (Net) 770.70 599.46
ys[kkadu ekud&22 ¶vk; ij djksa dk ys[kkadu¸ pkyw o"kZ esa ` 171-24 djksM+ dh In accordance with Accounting Standard - 22 “Accounting for Taxes on Income”,
vkLFkfxr dj ns;rk (fuoy) esa gqbZ fuoy o`f¼ dks ykHk&gkfu fooj.k esa n'kkZ;k x;k the net increase in Deferred Tax Liability (Net) ` 171.24 crore, for the year, has
gSA been charged to the Statement of Profit & Loss.
120
Notes forming part of Financial Statements
fVIi.k 5 Note 5
(` in Crore)
vU; nh?kkZofèkd ns;rk,a Other Long Term Liabilities
As at 31.03.2018 As at 31.03.2017
vU; ns;rk,a% Other Payables:
tekur tek @èkkfjr jkf'k Security Deposits / Retention Money 13.88 16.50
;ksx TOTAL 13.88 16.50
;ksx & jf{kr] vYikof/d ½.k Total - Secured, Short Term Borrowings 1,811.96 2,001.93
;ksx% vjf{kr] vYikof/d ½.k Total - Unsecured, Short Term Borrowings 7,600.82 8,122.03
121
Notes forming part of Financial Statements
122
Notes forming part of Financial Statements
ewrZ ifjlEifr;ka Tangible Assets ldy eku ewY; gzkl@ifj'kks/u fuoy eku
Gross Block Depreciation / Amortisation Net Block
Additions
As at Deductions/ As at As at For the Deductions/ As at As at As at
during the
01.04.2017 Adjustments 31.03.2018 01.04.2017 Year Adjustments 31.03.2018 31.03.2018 31.03.2017
year
Hkwfe Land :
iw.kZ LokfeRo okyh Freehold 45.53 3,239.71 - 3,285.24 - - - - 3,285.24 45.53
iV~Vs okyh Leasehold 318.82 3,004.24 5.20 3,317.86 23.00 19.32 (24.56) 17.76 3,300.10 295.82
mi ;ksx Sub-total 364.35 6,243.95 5.20 6,603.10 23.00 19.32 (24.56) 17.76 6,585.34 341.35
Hkou Building :
dk;kZy;&iw.kZ LokfeRo okyk Office - Freehold 194.28 14.65 0.02 208.91 27.64 3.16 - 30.80 178.11 166.64
dk;kZy;&iV~Vs okyk Office - Leasehold 3.05 - - 3.05 0.67 0.05 - 0.72 2.33 2.38
dkj[kkuk Factory 705.81 51.48 1.20 756.09 217.40 22.93 0.02 240.35 515.74 488.41
Vkmu'khi@vkoklh; ifjlj Township / Residential
323.75 19.17 7.87 335.05 63.97 5.50 (0.33) 69.14 265.91 259.78
Premises
lM+d] iqfy;k rFkk vU; lqfoèkk,a Road, Culvert & Other Facility 157.26 8.77 - 166.03 112.58 7.64 - 120.22 45.81 44.68
vLFkkbZ fuekZ.k Temporary Structure 25.00 9.65 1.34 33.31 14.61 7.96 (0.66) 21.91 11.40 10.39
mi ;ksx Sub-total 1,409.15 103.72 10.43 1,502.44 436.87 47.24 (0.97) 483.14 1,019.30 972.28
Plant, Machinery & Other
la;a=k] e'khujh rFkk vU; miLdj 9,986.58 1,318.39 281.85 11,023.12 6,043.97 342.75 (207.19) 6,179.53 4,843.59 3,942.61
Equipment
iQuhZpj vkSj fiQDlpj Furniture & Fixture 200.33 15.55 15.78 200.10 110.58 11.24 (10.67) 111.15 88.95 89.75
vU; miLdj Office Equipment 7.70 0.71 1.32 7.09 4.96 0.60 (0.53) 5.03 2.06 2.74
okgu rFkk py miLdj Vehicle & Mobile Equipment 136.97 6.05 5.57 137.45 69.03 11.73 (3.45) 77.31 60.14 67.94
jks¯yx LVkWd o yksdkseksfVo Rolling Stock & Locomotive 103.63 18.02 14.95 106.70 66.97 2.58 - 69.55 37.15 36.66
jsyos lkb¯Mx Railway Siding 33.14 0.31 - 33.45 23.99 0.74 - 24.73 8.72 9.15
fyfDoM dkxksZ tSV~Vh Liquid Cargo Jetty 140.16 4.99 0.55 144.60 68.59 9.12 (0.31) 77.40 67.20 71.57
mi ;ksx Sub-total 10,608.51 1,364.02 320.02 11,652.51 6,388.09 378.76 (222.15) 6,544.70 5,107.81 4,220.42
ewrZ ifjlEifÙk;ka (I) Tangible Assets (I) 12,382.01 7,711.69 335.65 19,758.05 6,847.96 445.32 (247.68) 7,045.60 12,712.45 5,534.05
fuiVku osQ fy, jksdh xbZ Assets Held for Disposal (II) 1.71 6.57 3.84 4.44 - - - - 4.44 1.71
ifjlEifr;ka (II)
;ksx & pkyw o"kZ { (I) + (ii)} Total - Current Year {(I) + (II)} 12,383.72 7,718.26 339.49 19,762.49 6,847.96 445.32 (247.68) 7,045.60 12,716.89 5,535.76
;ksx & xr o"kZ Total - Previous Year 11,123.95 1,442.37 182.60 12,383.72 6,628.85 323.75 (104.64) 6,847.96 5,535.76
Hkwfe eas ifjoèkZu iqueZYw ;kadu osQ dkj.k gqbZ o`f¼ dh otg ls gqvk gSA (fVIi.k 27-6 (i) ns[ks)a Addition to Land represents increase on account of revaluation. Refer Note 27.6 (i)
bu ifjlaifÙk;ksa esa] iwQyiqj] dkaMyk rFkk dyksy bdkbZ dh 357-71 ,dM+ Hkwfe (xr Leasehold land includes land measuring 357.71 acres (Previous year 357.71 acres) at
o"kZ 357-71 ,dM+) 'kkfey gS] tksfd iV~Vs osQ vkèkkj ij lgdkjh xzkeh.k fodkl U;kl Phulpur, Kandla and Kalol, leased to Cooperative Rural Development Trust (CORDET) for
(dkWjMsV) dks 27 vizSy] 2039 rd ` 1@& izR;sd ok£"kd yht fdjk, ij nh xbZA period up to April 27, 2039 at an annual lease rent of ` 1/- each.
Hkwfe osQ varxZr ` 'kwU; (xr o"kZ ` 1-92 djksM+) ewY; dh yht gksYM Hkwfe 'kkfey gS] Land includes leasehold land costing ` NIL (Previous year ` 1.92 crore), which
ftldk lfefr osQ uke esa iathdj.k@varj.k gksuk ckdh gSA is pending registration / transfer in the name of the Society.
vkaoyk bdkbZ dh oqQy Hkwfe 1]368-68 ,dM+ (xr o"kZ 1]368-68 ,dM+) esa ls The capitalization of Land measuring 291.80 acres (Previous year 291.80 acres)
291-80 ,dM+ (xr o"kZ 291-80 ,dM+) Hkwfe dk iawthdj.k vij ftyk tt (iv)] cjsyh out of total Land measuring 1,368.68 acres (Previous year 1,368.68 acres)
}kjk fn, fu.kZ; osQ vkèkkj ij fd;k x;k gSA rFkkfi] lfefr us vij ftyk vè;{k belonging to Aonla Unit has been taken on the basis of judgment passed by
(iv)@(vii)] cjsyh }kjk fuèkkZfjr eqvkots osQ fo#¼ ekuuh; mPp U;k;ky;] bykgkckn osQ the Additional District Judge (IV), Bareilly. However, the Society has preferred
le{k vihy nkf[ky dh gqbZ gSA an appeal before the Hon’ble High Court, Allahabad against compensation
determined by the Additional District Judge (IV)/(VII), Bareilly.
dkaMyk bdkbZ osQ pj.k&I ] II rFkk III dh Hkwfe dk yht djkj uohdj.k Øe'k% tqykbZ] In respect of Phase I, II and III of Kandla Unit for which the renewal of lease
2001] ekpZ] 2008 rFkk vizSy] 2008 ls yafcr gSA dkaMyk iksVZ VªLV (osQihVh) us f'k¯ix] is due since July 2001, March 2008 and April 2008 respectively, Kandla Port
lM+d ifjogu o jktekxZ ea=kky;] Hkkjr ljdkj dks pj.k&I o II dh yht dks uohÑr Trust (KPT) has already recommended to Ministry of Shipping, Road Transport
djus dh fliQkfj'k igys gh dj nh gSA dkaMyk iksVZ VªLV }kjk pj.k&III osQ fy, f'k¯ix & Highways, GOI for approval of renewal of lease of Phase I and II. KPT has yet
ea=kky;] Hkkjr ljdkj dks fliQkfj'k] vHkh djuh gSA to recommend the case to Ministry of Shipping, GOI for Phase III.
DokfyiQkabx ifjlaifÙk;ksa osQ lacaèk esa o"kZ osQ nkSjku ` 29-64 djksM+ (xr o"kZ ` 31-66 Borrowing cost amounting to ` 29.64 crore (Previous Year ` 31.66 crore) in
djksM+) ½.k ykxr dks iwathÑr fd;k x;k gSA respect of Qualifying Assets has been capitalised during the year.
123
Notes forming part of Financial Statements
ykblsal Licences 24.45 0.36 - 24.81 19.26 1.44 - 20.70 4.11 5.19
rduhdh Kku Technical Knowhow 44.38 - - 44.38 38.11 1.83 - 39.94 4.44 6.27
dEI;wVj lkWÝVos;j Computer Software 7.99 - - 7.99 5.02 1.51 - 6.53 1.46 2.97
;ksx & pkyw o"kZ Total - Current Year 76.82 0.36 - 77.18 62.39 4.78 - 67.17 10.01 14.43
;ksx & xr o"kZ Total - Previous Year 72.69 4.13 - 76.82 57.06 5.33 - 62.39 14.43
vkarfjd :i ls l`ftr vewrZ ifjlEifÙk;ka 'kkfey ugha gSaA Does not include internally generated Intangible Assets.
vewrZ ifjlEifÙk;ksa dks fuEukuqlkj ifj'kksfèkr fd;k x;k gSA The intangible assets are amortized as under:
ykblsal ykblsal vofèk vFkok 10 o"kZ] tks Hkh de gks Licences Licence Period or 10 Years, whichever is earlier
rduhdh Kku 10 o"kZ Technical Know-how 10 Years
dEI;wVj lkWÝVos;j 3 o"kZ Computer Software 3 Years
Hkou Building:
dk;kZy; rFkk dkj[kkuk Office and Factory 32.84 34.14
Vkmuf'ki@fjgk;'kh Township / Residential 29.07 14.80
lM+osaQ] iqfy;k rFkk vU; lqfoèkk,a Road, Culvert and Other Facility 2.51 64.42 1.05 49.99
la;a=k] e'khujh rFkk vU; miLdj Plant, Machinery and Other Equipment 405.28 315.00
124
Notes forming part of Financial Statements
* la;qDr m|e }kjk fy, x;s ½.kksa osQ fy, dksysVjy flD;ksfjVh osQ :i esa vjc cSad * Shares pledged with Arab Bank PLC, as collateral security for loans taken by
ih,ylh osQ ikl 'ks;lZ fxjohA Joint Venture.
125
Notes forming part of Financial Statements
fVIi.k 14 Note 14
(` in Crore)
xSj pkyw fuos'k (ykxr ij) Non-Current Investments (contd..) As at 31.03.2018 As at 31.03.2017
(II) vU; fuos'k (II) Other Investments
(d) bfDoVh 'ks;jksa esa fuos'k% (m¼`r) (a) Investment in Equity Shares : (Quoted)
(i) vU; lgk;d dEifu;ka@laLFkk,a (i) Other Companies / Entities
gkm¯lx vcZu MsoyiesaV dkjiksjs'ku fyfeVsM Housing Urban Development Corporation Limited 0.28 -
`10@& izR;sd osQ 46]035 ('kwU;) iw.kZ iznÙk bfDoVh 'ks;j 46,035 (Nil) Equity Shares of ` 10 each, fully paid-up
lsaVªy fMikWftVjh l£oflt fyfeVsM Central Depository Services Limited 0.13 -
`10@& izR;sd osQ 9]008 ('kwU;) iw.kZ iznÙk bfDoVh 'ks;j 9,008 (Nil) Equity Shares of ` 10 each, fully paid-up
dksphu f'ki;kMZ fyfeVsM Cochin Shipyard Limited 0.02 -
`10@& izR;sd osQ 353 ('kwU;) iw.kZ iznÙk bfDoVh 'ks;j 353 (Nil) Equity Shares of ` 10 each, fully paid-up
;ksx % bfDoVh 'ks;jksa esa vU; fuos'k % (m¼`r) Total : Other Investments in Equity Shares : (Quoted) 0.43 -
([k) E;qpwvy iaQM esa fuos'k% (vuq¼`r) (b) Investment in Mutual Funds : (Unquoted)
,pMh,iQlh gkm¯lx ,ikP;ZqfuVh iaQM&lhjht&1 HDFC Housing Opportunity Fund- Series 1 50.00
;ksx % E;qpqvy iaQM esa vU; fuos'k % (vuq¼`r) Total : Other Investments in Mutual Funds : (Unquoted) 50.00 -
(x) bfDoVh 'ks;jksa esa fuos'k% (vuq¼`r) (c) Investment in Equity Shares : (Unquoted)
(i) lgk;d oaQifu;ka (i) Subsidiaries
biQdks NÙkhlx<+ ikoj fyfeVsM IFFCO Chhattisgarh Power Limited - 148.00
`10@& izR;sd osQ (14]80]00]000) 'kwU; iw.kZ iznÙk bfDoVh 'ks;j Nil (14,80,00,000) equity shares of ` 10 each, fully paid-up
mi&;ksx Sub-Total - 148.00
(ii) vU; oaQifu;ka@laLFkk,a (ii) Other Companies / Entities
izQhIys ,uthZ bafM;k fyfeVsM Freeplay Energy India Limited - 4.83
`10@& izR;sd osQ (7]88]333) 'kwU; iw.kZ iznÙk bfDoVh 'ks;j Nil (7,88,333) Equity Shares of ` 10 each, fully paid-up
?kVk,a % fuos'k ewY; esa deh osQ fy, izkoèkku Less: Provision for diminution in the value of the investment - - 4.83 -
us'kuy dkseksfMVh ,aM MsjhosfVOl ,Dlpsat fyfeVsM National Commodity and Derivatives Exchange Limited 23.44 23.44
`10@& izR;sd osQ 50]68]000 (50]68]000) iw.kZ iznÙk 50,68,000 (50,68,000) Equity Shares of ` 10 each, fully
bfDoVh 'ks;j paid-up
;qfuolZy dkseksfMVh ,Dlpsat fyfeVsM Universal Commodity Exchange Limited - 15.00
`10@& izR;sd osQ (1]50]00]000) 'kwU; iw.kZ iznÙk bfDoVh 'ks;j Nil (1,50,00,000) Equity Shares of ` 10 each, fully paid-up
?kVk,a % fuos'k ewY; esa deh osQ fy, izkoèkku Less: Provision for diminution in the value of the investment - - 14.25 0.75
egkjk"Vª LVsV dksvkijsfVo cSad fyfeVsM Maharashtra State Cooperative Bank Limited 0.10 0.10
` 1000@& izR;sd osQ 1]001 (1]001) iw.kZ iznÙk bfDoVh 'ks;j 1,001 (1,001) Equity Shares of ` 1,000 each, fully paid-up
dksvkijsfVo cSad vkWiQ bafM;k fyfeVsM Cooperative Bank of India Limited 0.05 0.05
` 10]000@& izR;sd osQ 50 (50) iw.kZ iznÙk bfDoVh 'ks;j 50 (50) Equity Shares of ` 10,000 each, fully paid-up
bafM;u VwfjTe dksvkijsfVo fyfeVsM Indian Tourism Cooperative Limited 0.01 0.01
` 5]000@& izR;sd osQ 20 (20) iw.kZ iznÙk bfDoVh 'ks;j 20 (20) Equity Shares of ` 5,000 each, fully paid-up
us'kuy fiQYe ,.M iQkbu vkV~lZ dksvkijsfVo fyfeVsM National Film and Fine Arts Cooperative Limited 0.01 0.01
` 5]000@& izR;sd osQ 27 (27) iw.kZ iznÙk bfDoVh 'ks;j (7 27 (27) Equity Shares (including 7 bonus shares) of ` 5,000 each,
cksul 'ks;jksa lfgr) fully paid-up
mi&;ksx Sub-Total 23.61 24.36
;ksx % bfDoVh 'ks;jksa esa vU; fuos'k % (vuq¼`r) Total : Other Investments in Equity Shares : (Unquoted) 23.61 172.36
(?k) fiziQjasl 'ks;jksa esa fuos'k % (vuq¼`r) (d) Investment in Preference Shares : (Unquoted)
vU; oaQifu;ka@laLFkk,a Other Companies / Entities
izQhIys ,uthZ bafM;k fyfeVsM Freeplay Energy India Limited
` 10@& izR;sd osQ 'kwU; (1]16]32]500) 5 o"kZ] 1 izfr'kr Nil (1,16,32,500) 5 years, 1% cumulative redeemable preference
- 11.63
laPk;h fueksZpuh; fiziQjsal iw.kZ iznÙk 'ks;j shares of ` 10 each, fully paid-up
?kVk,a % fuos'k ewY; esa deh osQ fy, izkoèkku Less: Provision for diminution in the value of the investment - - 11.63 -
` 10@& izR;sd osQ 'kwU; (23]67]500) 8 o"kZ] 1 izfr'kr Nil (23,67,500) 8 years, 1% cumulative redeemable
- 2.37
laPk;h fueksZpuh; fiziQjsal iw.kZ iznÙk 'ks;j preference shares of ` 10 each, fully paid-up
?kVk,a % fuos'k ewY; esa deh osQ fy, izkoèkku Less: Provision for diminution in the value of the investment - - 2.37 -
;ksx % fiziQjsal 'ks;jksa esa fuos'k % (vuq¼`r) Total : Investment in Preference Shares : (Unquoted) - -
dks"Bdksa esa fn;s x;s vkadM+s xr o"kZ osQ gSaA Figures in brackets relate to previous year.
126
Notes forming part of Financial Statements
fVIi.k 14 Note 14 (` in Crore)
xSj pkyw fuos'k (tkjh) Non-Current Investments (contd..) As at 31.03.2018 As at 31.03.2017
(Ä) jf{kr] fuekZspuh;] ukWu dUo£Vcy] dj&eqDr (e) Investment in Secured, Redeemable, Non-Convertible,
ckW.M~l@,ulhMh@,lMh,y % (vuq¼`r) Tax Free Bonds / NCD / SDL: (Unquoted)
7-19» bafM;u jsyos iQkbusl
a dkjiksj's ku fyfeVsM 2025 7.19% Indian Railway Finance Corporation Ltd. 2025 399.83 399.83
7-35» bafM;u jsyos iQkbusl
a dkjiksj's ku fyfeVsM 2031 7.35% Indian Railway Finance Corporation Ltd. 2031 30.00 -
a iQksj ,xzhdYpj ,.M :jy MsoyiesVa 2031 7.35% National Bank for Agriculture and Rural Development 2031
7-35» us'kuy cSd 10.00 -
7-35» us'kuy gkbZos vkWFkksfjVh vkWiQ bafM;k 2031 7.35% National Highways Authority of India 2031 80.00 -
8-46» :jy bysfDVªfiQosQ'ku dkjiksjs'ku fyfeVsM 2028 8.46% Rural Electrification Corporation Ltd. 2028 15.00 -
8-50» us'kuy gkbZos vkWFkksfjVh vkWiQ bafM;k 2029 8.50% National Highways Authority of India 2029 30.97 -
9-00» fjyk,al oSQfiVy fyfeVsM 2026 9.00% Reliance Capital Ltd. 2026 50.39 50.39
a l£oflt fyfeVsM 2027 8.10% HDFC Credila Financial Services Ltd. 2027
8-10» ,pMh,iQlh ØsfMyk iQkbusl 25.00 -
7-85» ,y ,.M Vh iQkbusal l£oflt fyfeVsM 2020 7.85% L & T Financial Services Ltd. 2020 20.00 -
7-46» ih,uch gkmflax iQkbusal fyfeVsM 2020 7.46% PNB Housing Finance Ltd. 2020 24.77 -
8-25» VkVk oSQfiVy iQkbusal l£oflt fyfeVsM 2023 8.25% Tata Capital Financial Services Ltd. 2023 25.00 -
8-85» fjyk,al oSQfiVy fyfeVsM 2026 8.85% Reliance Capital Ltd. 2026 49.95 49.95
8-07» ,y ,.M Vh bUizQk MsCV iaQM fyfeVsM 2024 8.07% L & T Infra Debt Fund Ltd. 2024 15.00 -
8-50» egsUnzk :jy gkmflax iQkbusal fyfeVsM 2031 8.50% Mahindra Rural Housing Finance Ltd. 2031 10.00 -
8-00» vkbZ,y ,.M ,iQ,l iQkbusfa 'k;y lfoZflt fyfeVsM 2022 8.00% IL & FS Financial Services Ltd. 2022 25.00 -
7-80» VkVk DyhuVsd oSQfiVy fyfeVsM 2019 7.80% Tata Cleantech Capital Ltd. 2019 25.00 -
a dkjiksj's ku fyfeVsM 2020 7.40% Housing Development Finance Corporation Ltd. 2020
7-40» gkmflax MsoyiesVa iQkbusl 50.00 -
7-44» oSQu fiQu gksEl fyfeVsM 2021 7.44% Can Fin Homes Ltd. 2021 19.99 -
7-53» ih,uch gkmflax iQkbusal fyfeVsM 2020 7.53% PNB Housing Finance Ltd. 2020 25.00 -
8-47» ih,uch gkmflax iQkbusal fyfeVsM 2021 8.47% PNB Housing Finance Ltd. 2021 15.00 -
7-58» ih,uch gkmflax iQkbusal fyfeVsM 2021 7.58% PNB Housing Finance Ltd. 2021 25.00 -
8-45» ctkt iQkbusal fyfeVsM 2026 8.45% Bajaj Finance Ltd. 2026 25.00 -
7-54» bafM;u jsyos iQkbusal dkjiksjs'ku fyfeVsM 2027 7.54% Indian Railway Finance Corporation Ltd. 2027 30.00 -
7-97» ,pMhch iQkbusaf'k;y l£oflt fyfeVsM 2019 7.97% HDB Financial Services Ltd. 2019 25.00 -
9-14» cSad vkWiQ cM+kSnk ijispqvy ckW.M~l 9.14% Bank of Baroda Perpetual Bonds 15.00 -
8-85» ,pMh,iQlh cSad ijispqvy ckW.M~l 8.85% HDFC Bank Perpetual Bonds 10.00 -
7-92» bafM;k bUizQkMsCV fyfeVsM 2022 7.92% India Infradebt Ltd. 2022 10.00 -
7-87» VkVk oSQfiVy iQkbusaf'k;y l£oflt fyfeVsM 2020 7.87% Tata Capital Financial Services Ltd. 2020 14.83 -
8-44» jktLFkku ,lMh,y 2028 8.44% Rajasthan SDL 2028 4.37 -
8-43» rfeyukMq ,lMh,y 2028 8.43% Tamil Nadu SDL 2028 1.53 -
8-43» mÙkj izns'k ,lMh,y 2028 8.43% Uttar Pradesh SDL 2028 5.00 -
;ksx % ckW.M~l esa fuos'k % (vuq¼`r) Total : Investment in Bonds : (Unquoted) 1,111.63 500.17
m¼`r fuos'kksa dh oqQy jkf'k Aggregate amount of Quoted Investments 0.43 -
vuq¼`r fuos'kksa dh oqQy jkf'k Aggregate amount of Unquoted Investments 2,909.64 2,502.56
m¼`r fuos'kksa dk oqQy cktkj ewY; Aggregate Market Value of Quoted Investments 0.58 -
fuos'kksa osQ ewY; esa deh osQ fy, oqQy izkoèkku Aggregate provision for diminution in value of investments - 33.08
;ksx TOTAL 2,910.07 2,469.48
127
Notes forming part of Financial Statements
fVIi.k 15 Note 15
(` in Crore)
nh?kkZofèkd ½.k o vfxze Long Term Loans and Advances
As at 31.03.2018 As at 31.03.2017
iwathxr vfxze Capital Advances
vjf{kr] vlafnXèk le>h xbZ Unsecured, Considered Good 16.56 27.84
nkos rFkk vU; olwyh ;ksX; jkf'k esa ` 'kwU; (xr o"kZ ` 5-12 djksM+) dh jkf'k 'kkfey Claims & Other Recoverable include an amount of ` Nil, (Previous year ` 5.12
gS tks mRikn 'kqYd izkfèkdj.k ls olwyh ;ksX; gSA crore) recoverable from Excise Authorities.
ewY;kadu dh i¼fr dh ys[kkadu uhfr la[;k&8 dk lanHkZ ysaA (Refer Accounting Policy No. 8 for method of valuation.
128
Notes forming part of Financial Statements
izfrHkwfr rFkk vU; tek jkf'k;ksa esa jktLo izkf/dj.kksa ds lkFk fooknkLin ns;rkvksa ds fo:¼ Security and Other Deposits include payments against liabilities disputed with
` 5-26 djksM+ (xr o"kZ ` 2-78 djksM+) rFkk Hkwfe eqvkots ds fy, ` 1-69 djksM+ (xr o"kZ Revenue Authorities ` 5.26 crore (Previous Year ` 2.78 crore) and towards Land
` 1-69 djksM+) ds Hkqxrkuksa dh jkf'k 'kkfey gSA Compensation ` 1.69 crore (Previous Year ` 1.69 crore).
129
Notes forming part of Financial Statements
dkWjiksjsV ckW.M~l ij izksn~Hkwr C;kt tks ns; ugha Interest accrued but not due on Corporate Bonds 16.78 2.23
vYikofèk fMikWftV ij izksn~Hkwr C;kt tks ns; ugha Interest accrued but not due on Short Term Deposits 27.30 -
Hkkjr ljdkj ls olwyh ;ksX; vFkZ lgk;rk@fj;k;r Subsidy / Concession Recoverable from GOI 4,889.64 5,752.22
nkos o vU; olwyh ;ksX; jkf'k;ka Claims & Other Recoverable
vlafnXèk le>h xbZ Considered Good 1,071.17 934.37
lafnXèk le>h xbZ Considered Doubtful 1.15 1.15
?kVk,a % lafnXèk nkoksa osQ fy, izkoèkku Less: Provision for Doubtful Claims 1.15 1,071.17 1.15 934.37
;ksx TOTAL 6,038.54 6,716.48
nkos o vU; olwyh ;ksX; jkf'k;ksa esa mRikn 'kqYd dh en esa 11-73 djksM+ (xr o"kZ 86-76 djksM+) Claims & Other Recoverable include an amount of ` 11.73 crore
dh jkf'k rFkk th,lVh ozsQfMV fjlhoscy dh en esa ` 696-96 djksM+ (xr o"kZ ` 'kwU;) dh jkf'k (Previous year ` 86.76 crore) towards Custom Duty and ` 696.96 crore
rFkk lsuosV ØsfMV fjlhoscy dh en esa ` 'kwU; (xr o"kZ 2-23 djksM+) 'kfkey gSA (Previous year ` Nil) towards GST Credit Receivable and ` NIL (Previous
year ` 2.23 crore) towards Cenvat Credit Receivable.
* pkyw o"kZ osQ nkSjku xSj&pkyw fuos'kksa dh fcØh ij ykHk] lgk;d daiuh esa viuh * Profit on sale of Non-Current Investments during the current year, relates to
fgLlsnkjh osQ fofuos'k ij gq, ykHk ls lacafèkr gSA profit on divestment of stake in Subsidiary Company.
fVIi.k 23 Note 23
rS;kj eky] O;kikfjd LVkd rFkk izfØ;kxr Changes in Inventories of Finished Goods, (` in Crore)
LVkd dh ekylwfp;ksa esa ifjorZu Stock-in-Trade and Stock-in-Process Year Ended 31.03.2018 Year Ended 31.03.2017
bfr LVkWd% Closing Stocks:
rS;kj eky Finished Goods 539.66 807.18
LVkWd&bu&VsªM Stock-in-Trade 175.71 88.89
izfØ;kxr LVkWd (eè;orhZ mRiknksa lfgr) Stock-in-Process (including Intermediary Products) 95.62 810.99 70.40 966.47
130
Notes forming part of Financial Statements
fVIi.k 24 Note 24 (` in Crore)
deZpkfj;ksa osQ fgrykHkksa ij O;; Employee Benefits Expense Year Ended 31.03.2018 Year Ended 31.03.2017
osru] HkÙks] etnwjh rFkk cksul Salaries, Allowances, Wages and Bonus 974.85 783.37
Hkfo"; fufèk rFkk vU; fufèk;ksa esa va'knku Contribution to Provident Fund and Other Funds 67.84 57.24
minku rFkk vU; ykHkdkjh ;kstukvksa esa va'knku Contribution towards Gratuity and Other Benefit Schemes 139.18 77.65
fpfdRlk O;; Medical Expenses 28.50 27.45
vU; dY;k.k O;; Other Welfare Expenses 80.60 43.02
;ksx TOTAL 1,290.97 988.73
fVIi.k 25 Note 25
(` in Crore)
foÙk ykxr Finance Cost Year Ended 31.03.2018 Year Ended 31.03.2017
C;kt ij O;; Interest Expense
cSadksa ls % From Banks:
vkofèkd ½.kksa ij On Term Loans 99.27 -
oSQ'k ozsQfMV ,oa vYikofèkd ½.kksa ij On Cash Credit & Short Term Loans 663.98 763.25 825.44 825.44
vU; ls From Others 0.68 5.92
fofue; nj esa vUrj dks foÙk ykxr esa lek;ksftr fd;k x;k Exchange Differences considered as adjustment to Finance Cost 0.05 32.98
;ksx TOTAL 763.98 864.34
132
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
([k) Lis;lZ osQ enksa dks iwathÑr fd;k x;k gS tgka os lEifÙk] la;a=k (b) Items of spares have been capitalised where they
o miLdj osQ ØkbVsfj;k dks iwjk djrs gSa vFkkZr ftuosQ 12 eghus meet the criteria of Property, Plant & Equipment i.e.
which are expected to be used for more than a period
ls vfèkd pyus dh vk'kk gS vkSj bu enksa ij ewY;ßkl mudh of twelve months and depreciation on such items has
mi;ksxh vofèk osQ vuqlkj fd;k x;k gSA been charged based on their useful life.
mi;qZDr osQ dkj.k] o"kZ esa ewY;ßkl ` 58-12 djksM+ vfèkd gS] Lis;lZ Due to above, depreciation for the year is higher by ` 58.12
dh [kir ` 11-77 djksM+ de gks xbZ gS vkSj blls o"kZ dk ykHk crore, consumption of spares has decreased by ` 11.77 crore
` 46-35 djksM+ de gks x;k gSA and profit for the year is decreased by ` 46.35 crore.
27.7 iwoZ vofèk dh ensa 27.7 Prior Period Items
iwoZ vofèk enksa dk fooj.k fuEukuqlkj gS % The detail of prior period items is as under:
(` djksM+ esa) (` in Crore)
31.3.2018 31.3.2017 Year Ended Year Ended
dks lekIr o"kZ dks lekIr o"kZ 31.3.2018 31.3.2017
vk;% Income:
vU; 0.07 0.07 3.00 3.00 Others 0.07 0.07 3.00 3.00
O;;% Expenditure:
ewY;ßkl (fuoy) 0.37 0.38 Depreciation (Net) 0.37 0.38
vU; 2.01 2.38 - 0.38 Others 2.01 2.38 - 0.38
iwoZ vofèk osQ fy, fuoy MsfcV@(ØsfMV) 2.31 (2.62) Net Prior Period Debit / (Credit) 2.31 (2.62)
27.8 ifjlEifÙk;ksa dk foPNsnu 27.8 Impairment of Assets
ys[kkadu ekud&28(,,l&28) ¶ifjlEifÙk;ksa dk foPNsnu¸ ds vuqlj.k esa In accordance with Accounting Standard – 28, “Impairment of
lfefr us rqyu i=k dh rkjh[k dks ;g vkdyu fd;k fd D;k dksbZ ,slk Assets”, Society has assessed as on the Balance Sheet date,
ladsr gS (ekud osQ iSjk&8 ls 10 rd esa lwphc¼) tks fdlh ifjlEifÙk ds whether there are any indications (listed in paragraphs 8 to 10 of the
Standard) with regard to the impairment of any of the assets. Based
foPNsnu osQ lacaèk esa gksA bl vkdyu osQ vkèkkj ij ;g ifjfuèkkZfjr fd;k on such assessment, it has been ascertained that no potential loss
x;k fd bl le; ,slh dksbZ laHkkfor gkfu ugha gSA vr% olwyh ;ksX; jkf'k is present and therefore, formal estimate of recoverable amount has
dk vkSipkfjd vuqeku ugha yxk;k x;k gSA rnuqlkj] ys[kkiqLrdksa esa fdlh not been made. Accordingly, no impairment loss has been provided
foPNsnu gkfu dk izkoèkku ugha fd;k x;k gSA in the books of account.
27.9 oSQfedYl rFkk oSQVkfyLV 27.9 Chemicals and Catalysts
la;a=kksa dh dfe'kfuax ds i'pkr tkjh fd;s tkus okys dSVkfyLV vkSj jsftUl Catalysts and Resins issued subsequent to Commissioning of the
dks rduhdh vkdyuksa ds vuqlkj mudh vuqekfur ykHkdkjh thoukofèk ds Plants are charged to revenue over their estimated useful lives, as
fy, jktLo esa izHkkfjr fd;k tkrk gSA technically assessed.
27.10 Hkkjr ljdkj ls vFkZlgk;rk@fj;k;r 27.10 Subsidy / Concession from Government of India
(i) ukbVªkt
s hul moZjd Hkkjr ljdkj }kjk le;≤ ij ;Fkk vfèkklwfpr xziq (i) Nitrogenous Fertilisers are under the Group Concession Scheme
fj;k;r ;kstuk osQ vUrxZr vkrs gSAa ukbVªkt
s hul moZjdksa ij lfClMh dk as notified by Government of India (GOI) from time to time. The
fglkc] pkyw o"kZ ds fy, vfèklwfpr fj;k;r ewY; osQ vkèkkj ij yxk;k subsidy on Nitrogenous Fertilisers for the current year has been
accounted for on the basis of Notified Concession Price, further
x;k gS] ftls mDr ;kstuk osQ vèkhu fuèkkZfjr ;k vfèklwfpr ekunaMksa osQ adjusted for input price escalation / de-escalation, based on the
vkèkkj ij vknku ewY;ksa dh o`f¼@deh osQ fy, vkxs lek;ksftr dj fn;k norms prescribed or notified under the said scheme. On fixation
tkrk gSA Hkkjr ljdkj }kjk vafre fj;k;r ewY; vkSj bDosfVM HkkM+k fuèkkZfjr of final Concession Price by the Government of India, necessary
dj fn;s tkus osQ ckn vko';d lek;kstu] ;fn dksbZ gksxa ]s ml o"kZ ftlesa adjustments, if any, will be made in the accounts for the year, in
mDr ewY; vfèklwfpr fd;k x;k gS] osQ [kkrksa esa fd, tk,axAs which such price is notified.
(ii) iQkWLisQfVd moZjdksa ij fj;k;r dks Hkkjr ljdkj }kjk le;≤ ij (ii) Concession on Phosphatic Fertilisers has been accounted
vfèklwfpr njksa ds vkèkkj ij fglkc esa fy;k x;k gSA for based on the concession rate as notified by Government
of India from time to time.
(iii) moZjdksa ij HkkM+k ykxr dh izfriwfrZ Hkkjr ljdkj }kjk le;≤ ij (iii) The reimbursement towards Freight Cost on Fertilisers has
vfèklwfpr HkkM+k uhfr ds vkèkkj ij fglkc esa yh xbZ gSA been accounted for based on the freight policy, as notified by
Government of India from time to time.
(iv) moZjd foHkkx (Mhvks,iQ)] jlk;u o moZjd ea=kky; us ` 765-19 (iv) The Department of Fertilizers (DoF), Ministry of Chemicals
djksM+ dh vFkZlgk;rk dh jkf'k ;g vkjksi yxkrs gq, okfil dj yh and Fertilisers had effected recovery of subsidy of ` 765.19
Fkh dh veksfu;k vkWiQVsd djkj osQ rgr vizSy] 2010 ls ebZ] 2013 crore alleging undue benefits to the Society on account of
Ammonia imported during the period April 2010 to May 2013
dh vofèk osQ nkSjku vk;kfrr veksfu;k osQ [kkrs esa lfefr us vuqfpr under Ammonia Off Take Agreement. The Society had filed writ
ykHk dek;k gSA lfefr us ekuuh; fnYyh gkbZ dksVZ esa fjV ;kfpdk petition before the Hon'ble High Court of Delhi where matter
nk;j dh gS vkSj ;g ekeyk vHkh yafcr gSA bl jkf'k osQ izkIr gksus esa is still pending. Keeping in view the uncertainty of ultimate
vfu'fprrk dks è;ku esa j[krs gq, vkSj bl ekeys esa lkoèkkuh cjrrs collection and consideration of prudence, the amount of
gq, ` 765-19 djksM+ dh jkf'k dks pktZ vkWiQ dj fn;k x;k gSA ` 765.19 crore has been charged off.
(v) moZjd foHkkx us viuh fnukad 2 vizy S ] 2014 dh vfèklwpuk osQ tfj, (v) The Department of Fertilizers, vide its notification dated
;wfj;k bdkb;ksa osQ fy, eksfMiQkbZM ,uih,l&III dks vfèklwfpr fd;k Fkk April 2, 2014 had notified Modified NPS-III for Urea units
ftlesa ;wfj;k bdkb;ksa osQ fy, vfrfjDr fuèkkZfjr ykxr dh izfriwfrZ djus wherein it was proposed to reimburse additional fixed cost
dk izLrko fd;k x;k FkkA rn~ul q kj] lfefr us o"kZ 2014&15 rFkk 2016&17 to Urea Units. Accordingly, the Society had recognized
esa ` 410-76 djksM+ dh fj;k;r dh jkf'k dks fglkc esa fy;k FkkA bl concession of ` 410.76 crore during the years 2014-15 to
jkf'k osQ izkIr gksus esa vfuf'prrk dks è;ku esa j[krs gq, rFkk vlkoèkkuh 2016-17. Keeping in view of the uncertainty over its ultimate
collection and consideration of prudence, amount recognized
cjrrs gq, fiNys o"kks± esa fglkc esa yh xbZ jkf'k dks vekU; dj fn;k in earlier years has been derecognized and consequently the
x;k gS vkSj bl jkf'k dks bl o"kZ [kkrsa esa ugha fy;k x;k gSA concession for the year has not been recognised.
133
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
27.11 vugsTM fons'kh eqnzk ,Dlikstj 27.11 Unhedged Foreign Currency Exposure
fons'kh eqnzk dh jkf'k ftldh MsjhosfVo baLVªwesaV~l ls ;k vU;Fkk gs¯tx ugha Foreign currency exposures that are not hedged by derivative
dh xbZ gS%& instruments or otherwise:-
(` djksM+ esa) (` in Crore)
31.03.2018 dks 31.03.2017 dks As at 31.3.2018 As at 31.3.2017
ns; jkf'k 394.50 65.35 Amount Payable 394.50 65.35
izkI; jkf'k 28.03 13.62 Amount Receivable 28.03 13.62
27.12 vk;dj 27.12 Income Tax
pkyw vk;dj ns;rk dk izkoèkku vkseku dh lYrur ds lkFk fd;s x;s Mcy The provision for Current Tax liability has been made in
VSDls'ku ,okbMsal ,xzhesaV osQ ykHk dks è;ku esa j[krs gq, rFkk vk;dj accordance with the provisions of the Income Tax Act, 1961
after taking into consideration the benefit under Double Taxation
vfèkfu;e] 1961 ds izkoèkkuksa osQ vuqlkj fd;k x;k gSA
Avoidance Agreement entered into with the Sultanate of Oman.
27.13 deZpkjh dks ykHk 27.13 Employee Benefits
(i) fu;kstu i'pkr~ ykHkksa vkSj nh?kZdkfyd deZpkjh (i) The summarised position of post-employment benefits and long term employee
ykHkksa dh laf{kIr fLFkfr dks ykHk&gkfu [kkrs vkSj benefits recognised in the Statement of Profit and Loss and Balance Sheet as
required in accordance with Accounting Standard - 15 (Revised), “Employee
rqyu i=k esa ys[kkadu ekud&15 (la'kksfèkr) dh Benefits” is as under:
vis{kkvksa osQ vuqlkj fuEu izdkj ls ¶deZpkfj;ksa
dks ykHk¸ osQ :i esa n'kkZ;k x;k gS%
(d) ykHk vkSj gkfu [kkrs esa Mkys x;s O;; (a) Expenses Recognised in the Statement of Profit and Loss
(` in Crore)
Year ended 31.3.2018 Year ended 31.3.2017
Leave Encashment/ Leave Encashment/
Gratuity Compensated Gratuity Compensated
Absences Absences
Funded Unfunded Funded Unfunded
pkyw lsok ykxr Current Service Cost 24.42 50.24 20.66 19.34
C;kt ykxr Interest Cost 40.19 31.51 42.83 31.92
Iyku ifjlEifÙk;ksa ij Expected Return on
(32.53) - (33.00) -
laHkkfor izfrykHk Plan Assets
Iyku ifjlEifÙk;ksa ij Actuarial (Gain) / Loss
(5.71) - (5.14) -
,Dpwfj;y (ykHk)@gkfu on Plan Assets
Iyku nkf;Roksa ij ,Dpwfj;y Actuarial (Gain) / Loss
67.18 70.01 (0.17) 29.80
(ykHk)@gkfu on Plan Obligations
Total Expenses
ykHk vkSj gkfu fooj.k esa recognised in the
93.55 151.76 25.18 81.06
Mkyk x;k oqQy O;; Statement of Profit
& Loss
([k) rqyu i=k esa Mkyh x;h jkf'k (b) Amount Recognised in the Balance Sheet
(` in Crore)
As at 31.3.2018 As at 31.3.2017
Leave Encashment/ Leave Encashment/
Gratuity Compensated Gratuity Compensated
Absences Absences
Funded Unfunded Funded Unfunded
o"kZ ds var esa nkf;Roksa dk Estimated Present Value
orZeku vuqekfur ewY; of Obligations as at the 610.82 487.59 536.26 420.37
end of the year
o"kZ ds var esa Iyku Fair Value of Plan
ifjlEifÙk;ksa dk mfpr ewY; Assets as at the end of 455.20 - 433.99 -
the Year
Unfunded Net Liability
rqyu i=k esa Mkyh x;h recognised in the 155.62 487.59 102.27 420.37
xSj&foÙk iksf"kr fuoy ns;rk*
Balance Sheet*
*minku osQ :i esa dqy xSj&foÙk iksf"kr ns;rk ftls rqyu&i=k esa Mkyk x;k gS *The total unfunded liability towards Gratuity, recognised in the
og pkyw vofèk dh gSA NqV~Vh udnhdj.k] {kfriwjd vuqifLFkfr] osQ :i esa oqQy Balance Sheet is Current. Of the total unfunded liability towards Leave
xSj&foÙk iksf"kr ns;rk ftls rqyu&i=k esa Mkyk x;k gS ` 139-80 djksM+ (xr Encashment / Compensated Absences, recognised in the Balance
o"kZ ` 99-79 djksM+) pkyw ns;rk gS rFkk 'ks"k jkf'k ` 347-79 djksM+ (xr o"kZ Sheet ` 139.80 crore (Previous Year ` 99.79 crore) is Current and the
balance ` 347.79 crore (Previous Year ` 320.58 crore) is Non-Current.
` 320-58 djksM+) xSj&pkyw ns;rk gSA
134
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
(x) nkf;Roksa osQ orZeku ewY; esa ifjorZu (c) Changes in the Present Value of the Obligations
(` in Crore)
As at 31.3.2018 As at 31.3.2017
Leave Encashment/ Leave Encashment/
Gratuity Compensated Gratuity Compensated
Absences Absences
Funded Unfunded Funded Unfunded
o"kZ osQ vkjEHk esa nkf;Roksa Present Value of
dk orZeku ewY; Obligations at the 536.26 420.37 535.75 399.27
beginning of the year
C;kt ykxr Interest Cost 40.19 31.51 42.83 31.92
pkyw lsok ykxr Current Service Cost 24.42 50.24 20.66 19.34
ykHkksa dk Hkqxrku Benefits Paid (57.23) (84.54) (62.81) (59.96)
nkf;Roksa ij ,Dpwfj;y Actuarial (Gain) / 67.18 70.01 (0.17) 29.80
(ykHk)@gkfu Loss on Obligations
Present Value of
o"kZ osQ vUr esa nkf;Roksa Obligations at the end 610.82 487.59 536.26 420.37
dk orZeku ewY;
of the year
(?k) Iyku ifjlaifÙk;ksa osQ mfpr ewY; esa ifjorZu (d) Changes in Fair Value of Plan Assets
(` in Crore)
As at 31.3.2018 As at 31.3.2017
Leave Encashment/ Leave Encashment/
Gratuity Compensated Gratuity Compensated
Absences Absences
Funded Unfunded Funded Unfunded
o"kZ osQ vkjEHk esa Iyku Fair Value of Plan
ifjlaifÙk;ksa dk mfpr ewY; Assets at the 433.99 - 418.60 -
beginning of the year
Iyku ifjlEifÙk;ksa ij Actual Return on Plan 38.24 - 38.15 -
okLrfod izfrykHk Assets
fu;ksDrk dk va'knku Employers’ Contribution 40.20 - 40.05 -
Hkqxrku fd;s x;s ykHk Benefits Paid (57.23) - (62.81) -
Fair Value of Plan
o"kZ osQ vUr esa Iyku Assets at the end of 455.20* - 433.99* -
ifjlEifÙk;ksa dk mfpr ewY;
the year
* minku dks"kksa dk izcaèk fofHkUu thou chek dEifu;ksa }kjk fd;k tkrk * Gratuity Funds are managed by various Life Insurance Companies.
gSA rFkkfi] Iyku ifjlEifr;ksa dk fuos'kokj vyx&vyx fooj.k bu However, individual investment wise details of Plan Assets are not
dEifu;ksa }kjk miyCèk ugha djk;k tkrkA provided by these companies.
135
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
([k) rqyu&i=k esa Mkyh xbZ jkf'k (b) Amount Recognised in the Balance Sheet
(` in Crore)
As at 31.3.2018 As at 31.3.2017
Present Value of Obligations at the
o"kZ osQ vkjEHk esa nkf;Roksa dk orZeku ewY; 32.92 33.05
beginning of the year
Payment made to Provident Fund during
o"kZ osQ nkSjku Hkfo"; fufèk esa fd;k x;k Hkqxrku - -
the year
Liability / (Income) recognised on account
Hkfo"; fufèk U;kl dh ifjlaifÙk;ksa osQ mfpr ewY; rFkk of Shortfall / Surplus between Fair Value
Hkfo"; fufèk U;kl osQ nkf;Roksa osQ orZeku ewY; osQ chp of Assets of Provident Fund Trust and 1.09 (0.13)
deh@vfèk'ks"k osQ dkj.k Mkyh xbZ ns;rk,a@(vk;) Present Value of Obligations of the
Provident Fund Trust
Present Value of Obligations at the end
o"kZ osQ var esa nkf;Roksa dk orZeku ewY; 34.01 32.92
of the year
(x) Hkfo"; fufèk U;kl osQ fuos'kksa dk fooj.k (c) Investment Details of Provident Fund Trust
As at 31.3.2018 As at 31.3.2017
Amount Amount
Percentage of Percentage of
Invested Invested
Investment Investment
(` in crore) (` in crore)
Central / State Government
osQUnz@jkT; ljdkj dh izfrHkwfr;ka 792.98 48.86 718.91 47.27
Securities
foÙkh; laLFkkvksa osQ ckaM Financial Institutions Bonds 817.96 50.40 785.64 51.66
E;wpqvy iQ.M Mutual Funds 11.99 0.74 16.25 1.07
;ksx Total 1,622.93 100.00 1,520.80 100.00
(iii) rqyu&i=k dh rkjh[k dks ize[q k ,Dpwfj;y voèkkj.kk,a (iii) Principal actuarial assumptions at the Balance Sheet Date (expressed as
(Hkkfjr vkSlr osQ :i esa O;Dr) weighted average)
As at 31.3.2018 As at 31.3.2017
iz;Dq r i¼fr Method used Projected Unit Credit Method
fMLdkmaV nj Discount Rate 7.90% 7.50%
Iyku ifjlEifÙk;ksa ij izfrykHk dh laHkkfor nj* Expected Rate of return on Plan Assets*
& minku dks"k - Gratuity Fund 7.90% 7.50%
& Hkfo"; fuf/ dks"k - Provident Fund 8.55% 8.65%
osru esa o`f¼ dh laHkkfor nj** Expected Rate of Salary increase** 6.75% 6.50%
* Iyku ifjlEifRr;ksa ij izfrykHk dh vuqekfur nj dk fuèkkZj.k èkkfjr Iyku * The expected rate of return on plan assets is determined considering
ifjlEifRr;ksa dh dEiksft'ku] Iyku ifjlEifRr;ksa ij izfrykHk ds fgLVksfjdy composition of plan assets held, historical results of return on plan
ifj.kke rFkk vU; lacfa èkr dkjdksa dks fglkc esa ysdj fd;k x;k gSA assets and other relevant factors.
** eqnkz LiQhfr] ofj"Brk] inksUufr vkSj vU; lEc¼ dkjdksa dks fglkc esa fy;k x;k gS A ** Considered taking into account inflation, seniority, promotion and
other relevant factors.
27.14 o"kZ osQ nkSjku deZpkfj;ksa dks yEch lsok vofèk vokMZ ` 2-85 djksM+ (` 2-03 27.14 Provision for Long Service Award ` 2.85 crore (` 2.03 crore is
djksM+ djsVa gS o 'ks"k ` 0-82 djksM+ ukWu&djsVa gS) o vfèko£"krk ij gkse Vkmu Current and the balance ` 0.82 crore is Non-Current) and Travel
tkus dh ;k=kk osQ fy, ` 30-10 djksM+ (` 4-57 djksM+ djaVs gS vkSj ` 25-53 to Hometown on Superannuation ` 30.10 crore (` 4.57 crore is
djksM+ ukWu djsVa gS) dk izkoèkku o"kZ osQ var esa fd, x, chekadu osQ vkèkkj ij Current and the balance ` 25.53 crore is Non-Current) have been
fd;k x;k gS vkSj bls ykHk o gkfu fooj.k esa O;; osQ :i esa tksMk+ x;k gSA made during the year on the basis of actuarial valuation carried out
at the year end and expensed in the Statement of Profit & Loss.
27.15 vkWijs¯Vx yht 27.15 Operating Lease
lfefRk dh egRoiw.kZ yh¯Tkx O;oLFkk,a deZpkfj;ksa }kjk bLrseky fd;s Tkkus okys The Society's significant leasing arrangements are in respect
vkoklh; ifjljksa vkSj dk;kZy; ifjljksa dh vkijsfVax yhTk ds lacèa k esa gSA bu yht of Operating Lease of premises for offices of the Society and
djkjksa dks vkerkSj ij ikjLifjd lger 'krks± ds vkèkkj ij uohÑr fd;k tkrk gS residential use of employees of the Society. These leasing
ijUrq bUgsa jn~n Hkh fd;k tk ldrk gSA bu Hkqxrkuksa dks fVIi.k&26 esa fdjk;k] nj agreements are usually renewable on mutually agreed terms but
vkSj dj* 'kh"kZ osQ rgr n'kkZ;k x;k gSA are cancellable. These payments are shown in Note 26 under the
head ‘Rent, Rates and Taxes’.
27.16 lsxesaV fjiksZ¯Vx 27.16 Segment Reporting
(d) izkbejh lsxesaV (a) Primary Segment
lfefRk ds dk;Z O;kikj dk izcaèk o izpkyu mRiknksa dh izÑfRk ds The Society’s operating business are organised and managed
vuqlkj vyx&vyx fd;k TkkRkk gS vkSj izR;sd lsxesaV dks fofHkUu separately according to the nature of products, with each segment
mRiknksa ds fy, O;kikj dk ,d vax ekuk TkkRkk gSA nks lsxesaVksa dh representing a business unit that offers different products. The
igpku dh xbZ gS Tkks ^;wfj;k* vkSj ^,uihds@Mh,ih* ds :i esa gSa two identified segments are ‘Urea’ and ‘NPK/DAP’, while the third
Tkcfd Rkhljk lsxesaV ^vU;* gS fTklesa eq[; :i ls vk;kfRkRk Mh,ih] segment ‘Others’ mainly consists of traded products i.e. Imported
;wfj;k RkFkk ns'kh chTkksa vkSj jlk;uksa dk O;kikj 'kkfey gSA dkWjiksjsV DAP, Urea and Indigenous Seeds and Chemicals. Corporate
vk; vkSj O;; fTklesa C;kTk Hkh 'kkfey gS] dks xSj&vkoaVu ;ksX; vk; income and expenses including interest are considered as part
vkSj O;; dk fgLlk ekuk x;k gS] D;ksafd bls fdlh Hkh O;kikj lsxesaV of unallocated income and expenses which are not identifiable to
esa ugha Mkyk Tkk ldRkkA any business segment.
136
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
(` in Crore)
Manufactured Fertilisers
UREA NPK/DAP Others Total
Year ended Year ended Year ended Year ended
31.3.2018 31.3.2017 31.3.2018 31.3.2017 31.3.2018 31.3.2017 31.3.2018 31.3.2017
jkTkLo Revenue
fcØh Sales 2,122 2,361 7,697 7,531 1,588 2,174 11,407 12,066
HkkjRk ljdkj ls izkIRk lfClMh Subsidy from GOI 5,148 5,102 3,791 4,203 442 759 9,381 10,064
vU; jkTkLo Other Revenue 40 20 39 59 - - 79 79
dqy jkTkLo (d) Total Revenue (A) 7,310 7,483 11,527 11,793 2,030 2,933 20,867 22,209
izpkyu O;; Operating Expenses
izR;{k O;; Direct Expenses 7,059 6,350 9,988 9,543 1,923 2,764 18,970 18,657
vkoafVr O;; Allocated Expenses 203 434 342 874 1 - 546 1,308
oqQy izpkyu O;; ([k) Total Operating Expenses (B) 7,262 6,784 10,330 10,417 1,924 2,764 19,516 19,965
lsxesaV izpkyu Segmental Operating 48 699 1,197 1,376 106 169 1,351 2,244
vk; (d&[k) Income (A-B)
xSj vkoafVRk O;; Unallocated Expenses 1,977 751
izpkyu vk; Operating Income (626) 1,493
xSj vkoafVRk vk;% Unallocated Income:
tksM+sa % ykHkka'k dh vk; Add: Dividend Income 96 83
tksM+sa % vU; jktLo Add: Other Revenue 2,367 232
tksM+sa % C;kt vk; Add: Interest Income 184 73
?kVk,a% foÙk ykxr Less: Finance Cost (764) (864)
dj iwoZ ykHk Profit before Tax 1,257 1,017
vk;dj (fuoy) Income Tax (Net) 320 332
dj i'pkr ykHk Profit after Tax 937 685
(` in Crore)
Manufactured Fertilisers
UREA NPK/DAP Others Total
As at As at As at As at
31.3.2018 31.3.2017 31.3.2018 31.3.2017 31.3.2018 31.3.2017 31.3.2018 31.3.2017
fu;ksfTkRk iwaTkh Capital Employed
lsxesaV ifjlEifRr;ka Segment Assets 9,259 5,726 9,496 8,035 624 834 19,379 14,595
xSj vkoafVRk Unallocated Corporate
10,860 8,175
dkjiksZjsV ifjlEifRr;ka Assets
dqy ifjlEifRr;ka Total Assets 30,239 22,770
lsxesaV nsunkfj;ka Segment Liabilities 908 870 1,075 612 - - 1,983 1,482
xSj vkoafVRk dkjiksjsV Unallocated Corporate
12,955 13,181
nsunkfj;ka Liabilities
dqy nsunkfj;ka Total Liabilities 14,938 14,663
vU; lwpuk% Other Information
iwaTkhxRk O;; Capital Expenditure 2,719 1,301 2,430 420 - - 5,149 1,721
xSj vkoafVRk iwaTkhxRk O;; Unallocated Capital
1,701 7
Expenditure
ewY;ßkl@ifj'kksèku Depreciation / Amortisation 185 106 245 204 - - 430 310
xSj vkoafVRk ewY;gzkl@ Unallocated Depreciation /
20 19
ifj'kksèku Amortisation
xSj&udn O;; ewY;gzkl dks Non-Cash Expenses other
42 6 28 11 - - 70 17
NksM+dj than Depreciation
Unallocated Non-Cash
xSj&vkoafVr xSj&udn O;; Expenses other than 916 2
ewY;ßkl dks NksM+dj Depreciation
137
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
27.17 lEc¼ ikfVZ;ksa osQ ckjs esa fooj.k 27.17 Related Party Disclosure
laca¼ ik£V;ksa dh lwph List of Related Parties
(d) lgk;d dEifu;ka (A) Subsidiary Companies
& biQdks&VksD;ks tujy ba';ksjsal oaQiuh fyfeVsM – IFFCO-Tokio General Insurance Company Limited
& fdlku bUVjus'kuy Vsª¯Mx ,iQtSMbZ – Kisan International Trading FZE
& biQdks fdlku cktkj ,.M ykWftfLVDl fyfeVsM – IFFCO Kisan Logistics Limited
& biQdks NRrhlx<+ ikoj fyfeVsM – IFFCO Chhattisgarh Power Limited
& biQdks fdlku lapkj fyfeVsM – IFFCO Kisan Sanchar Limited
& biQdks fdlku ,lbZtSM fyfeVsM – IFFCO Kisan SEZ Limited
& biQdks&,elh Øki lkbal izk- fyfeVsM – IFFCO-MC Crop Science Private Limited
& biQdks iQkeZ iQksjsLVªh MsoyiesaV dksvkijsfVo fyfeVsM – Indian Farm Forestry Development Cooperative Limited
& biQdks VksD;ksa ba';ksjsal l£olst fyfeVsM – IFFCO-Tokio Insurance Services Limited
& vkseku bafM;k iQ£Vyktj oaQiuh ,l,vkslh – Oman India Fertiliser Company SAOC
& tksMZu bafM;k iQ£Vykbtj oaQiuh ,y,ylh – Jordan India Fertilizer Company LLC
(i) MkW mn; 'kadj voLFkh - izcaèk funs'kd (i) Dr. U S Awasthi - Managing Director
(ii) Jh jkosQ'k oQiwj - la;qDr izcaèk funs'kd ,oa foÙk funs'kd (ii) Mr. Rakesh Kapur - Joint Managing Director & Finance Director
(iii) Jh osQ ,y ¯lg - funs'kd (rduhdh) (iii) Mr. K L Singh - Director (Technical)
(iv) Jh vkj ih ¯lg - funs'kd (ekuo lalkèku o fofèk) (iv) Mr. R P Singh - Director (Human Resource & Legal)
(v) Jh , jkW; - foi.ku funs'kd (30 uoEcj] 2017 rd) (v) Mr. A Roy - Marketing Director (upto Nov. 30, 2017)
(vi) Jh euh"k xqIrk - funs'kd (LVsªVsth ,oa la;qDr m|e) (vi) Mr. Manish Gupta - Director (Strategy & Joint Venture)
(vii) Jh ,e vkj iVsy - funs'kd (vkbZVh l£olst) (vii) Mr. M R Patel - Director (IT Services)
(viii) Jh , osQ ¯lg - funs'kd (lgdkfjrk fodkl ,oa bZ,lih) (viii) Mr. A K Singh - Director (Cooperative Development & ESP)
(ix) Jh ;ksxUnz oqQekj - foi.ku funs'kd (1 fnlEcj] 2017 ls) (ix) Mr. Yogendra Kumar - Marketing Director (with effect from Dec. 1, 2017)
138
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
(` in Crore)
lEc¼ ikVhZ ysu nsu dh izÑfr Related Party Nature of Transaction 2017-18 2016-17
lgk;d daifu;ka Subsidiary Companies
biQdks&VksD;ks tujy ba';ksjlas oaQiuh fyfeVsM izkI; jkf'k IFFCO-Tokio General Insurance Amount Receivable 1.14 0.18
Company Limited
lsokvksa osQ fy, vfxze Advance for Services 0.14 0.21
fdlku bUVjus'kuy Vs¯ª Mx ,iQtSMbZ izkI; jkf'k Kisan International Trading FZE Amount Receivable 0.16 5.51
biQdks fdlku ykWftfLVDl fyfeVsM fd;k x;k fuos'k IFFCO Kisan Logistics Limited Investment made - 13.50
biQdks fdlku lapkj fyfeVsM izkI; jkf'k IFFCO Kisan Sanchar Limited Amount Receivable 0.03 -
ykHkka'k vk; Dividend Income 0.73 0.73
izkIr fdjk;k Rent Received 0.78 0.85
biQdks bZ&cktkj fyfeVsM fd;k x;k fuos'k IFFCO eBazar Limited Investment made 45.00 4.00
ns; jkf'k Amount Payable 9.33 2.54
izkI; jkf'k Amount Receivable 107.34 79.75
rS;kj eky dh [kjhn Purchase of Finished Goods 56.53 4.50
rS;kj eky dh fcØh Sale of Finished Goods 363.96 102.55
fdjk;s dk Hkqxrku Rent Paid 1.85 -
LFkk;h ifjlaifÙk;ksa dk varj.k Transfer of Fixed Assets - 0.06
lsokvksa ds fy, Hkqxrku Payment for Services 1.24 0.11
biQdks&,elh Øki lkbal izkbosV fyfeVsM ns; jkf'k IFFCO-MC Crop Science Private Amount Payable 1.27 0.62
Limited
izkI; jkf'k Amounts Receivable 0.07 0.01
rS;kj eky dh [kjhn Purchase of Finished Goods 15.21 9.63
cdk;k ½.k Loan Outstanding 9.00 13.00
bafM;u iQkeZ iQksjLs Vªh ns; jkf'k Indian Farm Forestry Development Amount Payable 3.98 1.96
MsoyiesVa dksvkijsfVo fyfeVsM Cooperative Limited
izkI; jkf'k Amount Receivable 331.60 428.29
lsokvksa ds fy, Hkqxrku Payment for Services 0.32 0.02
rS;kj eky dh [kjhn Purchase of Finished Goods 20.61 16.18
rS;kj eky dh fcØh Sale of Finished Goods 1,297.09 1,210.02
fdlkuksa dks ykHk Benefit to Farmers 2.32 1.73
izkIr izfrHkwfr tek Security Deposit Received - 0.01
139
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
(` in Crore)
lEc¼ ikVhZ ysu nsu dh izÑfr Related Party Nature of Transaction 2017-18 2016-17
la;Dq r m|e Joint Ventures
baMLVªht f'kfed Mw lsuxs y izkI; jkf'k Industries Chimiques du Senegal Amount Receivable - 7.45
vkseku bafM;k iQfVZykbtj oaQiuh izkI; jkf'k Oman India Fertiliser Company Amount Receivable 8.80 5.86
,l,vkslh SAOC
Vªfs MM mRiknksa dh [kjhn Purchase of Traded Products 103.94 131.26
tksMZu bafM;k iQfVZykbtj oaQiuh izkI; jkf'k Jordan India Fertilizer Company Amount Receivable 0.10 0.63
,y,ylh LLC
fd;k x;k fuos'k Investment made - 168.27
,lksfl,V~l Associates
bafM;k iksVk'k fyfeVsM izkI; jkf'k Indian Potash Limited Amount Receivable 24.88 -
dksvkijsfVo :jy MsoyiesVa VªLV izkI; jkf'k Cooperative Rural Development Amount Payable 2.62 3.40
Trust
ns; jkf'k Amount Receivable 7.56 6.76
biQdks fdlku lsok VªLV izkI; jkf'k IFFCO Kisan Sewa Trust Amount Receivable - 0.61
fdlku lsok iaQM dks va'knku Contribution to Kisan Sewa Fund 0.25 0.26
27.18 la;Dq r m|eksa esa lfefr ds fgrksa dh foÙkh; fjiksfV±x 27.18 Financial Reporting of Interest in Joint Ventures
31 ekpZ] 2018 ds vuqlkj fuEufyf[kr la;qDr fu;a=k.k Investments include ` 1,164.63 crore (Previous year ` 1,164.63 crore) representing
okyh daifu;ksa esa lfefr ds fgr dks n'kkZus okys fuos'k Society's interest in the following jointly controlled entities as at March 31, 2018.
esa ` 1]164-63 djksM+ (xr o"kZ ` 1]164-63 djksM+)
dh jkf'k 'kkfey gSA
Name of the Company Contribution Country of Percentage
towards Residence holding
Equity of IFFCO
(` in Crore)
(d) vkseku bafM;k iQfVZykbtj daiuh ,l,vkslh (a) Oman India Fertiliser Company 329.08 Oman 25.00
(vksebiQdks) SAOC (OMIFCO)
([k) baMLVªht f'kfed Mw lsusxy (vkbZlh,l) (b) Industries Chimiques du Senegal 62.16 Senegal 6.78
(ICS)
(x) tksMZu bafM;k iQfVZykbtj dEiuh] ,y,ylh (c) Jordan India Fertilizer Company 773.39 Jordan 27.00
(ftiQdks) LLC (JIFCO)
Total 1,164.63
140
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
mi;qZDr laLFkkvksa dk ys[kk o"kZ 31 fnlEcj dks lekIr gksrk gSA 31 ekpZ] 2018 The accounting year of the above entities ends on December 31. The
dk foÙkh; fooj.k] vksebiQdks o ftiQdks ds lacaèk esa o"kZ 2017 ds fy, gSa rFkk financial data as at March 31, 2018 in respect of OMIFCO and JIFCO is for
vkbZlh,l ds ekeys esa o"kZ 2016 ds fy, gSaA lHkh tkudkfj;ka ys[kkijhf{kr [kkrksa the year 2017 and in case of ICS is for the year 2016. All the information
osQ vkèkkj ij nh xbZ gSA is based on the Audited Accounts.
la;qDRk :i ls fu;af=kr dEifu;ksa esa lfefRk ds fgr ls lacafèkr izR;sd ifjlEifRr] The aggregate amount of each of the Assets, Liabilities and Income and
ns;Rkkvksa] vk; vkSj O;; dh dqy jkf'k dk fooj.k fuEu izdkj gS % Expenses related to interest of the Society in the jointly controlled entities
is as under:
dj i'pkr fuoy ykHk (` djksM+ esa) 937.17 684.70 Net Profit After Tax (` in crore) 937.17 684.70
'ks;jksa dh Hkkfjr vkSlr la[;k (ua-) 42,05,544 42,08,533 Weighted Average Number of Shares 42,05,544 42,08,533
izfr 'ks;j ukWfeuy ewY; (`) 1,000 1,000 Nominal Value per Share (`) 1,000 1,000
izfr 'ks;j csfld rFkk Mk;ywfVM v£ux (`) 2,228 1,627 Basic and Diluted Earnings per Share (`) 2,228 1,627
141
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
27.20 izkoèkku 27.20 Provisions
31-3-2018 rd ys[kkvksa esa n'kkZ, x, fofHkUu izkoèkkuksa dh fLFkfr fuEukuqlkj The status of various provisions shown in the accounts as on
gS% March 31, 2018 is as under:
(i) Hkwfe osQ fy, eqvkotk (i) Land Compensation
1. ys[kkadu o"kZ dh lekfIr ij fdlh 'kwU; 'kwU; 1. Principal amount due and Nil Nil
vkiw£rdrkZ dh ns; ysfdu Hkqxrku remaining unpaid to any Supplier
ugha dh xbZ ewy jkf'k as at the end of Accounting Year.
2. ys[kkadu o"kZ dh lekfIr ij Hkqxrku 'kwU; 'kwU; 2. Interest due on Principal amount Nil Nil
ugha dh xbZ cdk;k ewy jkf'k ij remaining unpaid as at the end
ns; C;kt of Accounting Year.
3. ewy jkf'k vkSj C;kt dh jkf'k ftldk 'kwU; 'kwU; 3. Amount of Interest along with Nil Nil
Hkqxrku vkiw£rdrkZ dks Hkqxrku dh Principal amount paid to Supplier
fuèkkZfjr rkjh[k osQ ckn fd;k x;k gSA beyond due date of payment.
4. ys[kkadu o"kZ dh lekfIr ij yxs@ 'kwU; 'kwU; 4. Amount of Interest accrued / due Nil Nil
ns; C;kt dh jkf'k ftldk Hkqxrku and remaining unpaid at the end
djuk 'ks"k gSA of Accounting Year.
mi;qZDr lwpuk ,slh ik£V;ksa osQ lacaèk esa ml gn rd miyCèk djkbZ xbZ The above information has been provided to the extent such
gS] ftudh igpku lfefr osQ ikl miyCèk lwpuk osQ vkèkkj ij dh parties have been identified on the basis of information available
with the Society.
xbZ gSA
27.22 vk;kr ewY; (ykxr] chek o HkkM+k vkèkkj ij) 27.22 Value of Imports (CIF Basis)
Lis;lZ ikV~lZ rFkk oSQVkfyLV 17.32 20.97 Spare Parts and Catalysts 17.32 20.97
142
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
27.23 fons'kh eqnzk esa fd;k x;k C;; 27.23 Expenditure in Foreign Currency
ck;lZ@lIyk;lZ oszQfMV ij C;kt 6.09 15.29 Interest on Buyers / Suppliers Credit 6.09 15.29
jkf'k 31.3.2018 dks lekIr o"kZ 31.3.2017 dks lekIr o"kZ Amount Year ended 31.3.2018 Year ended 31.3.2017
Amount (Percentage Amount (Percentage
jkf'k (oqQy [kir jkf'k (oqQy [kir (` in crore) to total (` in crore) to total
(` djksM+ es)a dk izfr'kr) (` djksM+ es)a dk izfr'kr) consumption) consumption)
vk;kfrr 7,510.93 58.65 8,176.06 62.92 Imported 7,510.93 58.65 8,176.06 62.92
Lons'kh 5,295.76 41.35 4,819.44 37.08 Indigenous 5,295.76 41.35 4,819.44 37.08
;ksx 12,806.69 100.00 12,995.50 100.00 Total 12,806.69 100.00 12,995.50 100.00
rS;kj eky dh fcØh 206.66 210.78 Sale of Finished Goods 206.66 210.78
*buiqV VSDl ØsfMV ysus osQ dkj.k th,lVh dks 'kkfey ugha fd;k x;k gSA *excludes GST due to availment of ITC.
143
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
27.27 VsªfMM mRiknksa dh [kjhn] dPps eky dk VuZvksoj rFkk [kir 27.27 Purchase of Traded Products, Turnover and Consumption of
Raw Materials
i) VsªfMM mRikn i) Purchase of Traded Products
,uihosQ & 10%26%26 (dkaMyk) 2,016.82 2189.70 NPK - 10:26:26 (Kandla) 2,016.82 2189.70
,uihosQ & 10%26%26 (ikjknhi) 8.89 304.04 NPK - 10:26:26 (Paradeep) 8.89 304.04
,uihosQ & 12%32%16 (dkaMyk) 2,168.67 2,201.79 NPK - 12:32:16 (Kandla) 2,168.67 2,201.79
,uihosQ & 12%32%16%0%50 (dkaMyk) 3.60 251.37 NPK - 12:32:16:0.50 (Kandla) 3.60 251.37
,uihosQ & 12%32%16 (ikjknhi) 63.39 195.80 NPK - 12:32:16 (Paradeep) 63.39 195.80
Mh,ih & 18%46%00 (dkaMyk) 2,175.15 2,689.84 DAP - 18:46:00 (Kandla) 2,175.15 2,689.84
Mh,ih & 18%46%00 (ikjknhi) 3,968.94 2,522.47 DAP - 18:46:00 (Paradeep) 3,968.94 2,522.47
,uih & 20%20%00%13 (ikjknhi) 1,013.61 1,308.99 NP - 20:20:00:13 (Paradeep) 1,013.61 1,308.99
ikuh esa ?kqyu'khy moZjd & 17%44%00 6.46 7.34 Water Soluble Fertiliser - 17:44:00 6.46 7.34
ikuh esa ?kqyu'khy moZjd & 18%18%18 14.64 13.59 Water Soluble Fertiliser - 18:18:18 14.64 13.59
ikuh esa ?kqyu'khy vk;kfrr moZjd 4.51 3.56 Imported Water Soluble Fertiliser 4.51 3.56
cht rFkk jlk;u 88.66 41.75 Seeds and Chemicals 88.66 41.75
144
Notes forming part of Financial Statements
vU; (tkjh) Others (Contd.)
ii) dPps eky dh [kir iii) Raw Material Consumption
& ih,eVhth&cktkj ewY; ij 26.95 26.79 - PMTG – at Market Price 26.95 26.79
vkj,y,uth RLNG
For Arun Singh & Co. For V. K. Dhingra & Co. For G. S. Mathur & Co. For S. Mann & Co. For S. K. Mehta & Co.
Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
Firm Regn. No. 011863 N Firm Regn. No. 000250 N Firm Regn. No. 008744 N Firm Regn. No. 000075 N Firm Regn. No. 000478 N
(Suraj Prasad Sharma) (Lalit Ahuja) (Prabhat Mukherjee) (Subhash Chander Mann) (Rohit Mehta)
Partner Partner Partner Partner Partner
M. No. 096806 M. No. 085842 M. No. 081616 M. No. 080500 M. No. 091382
145
tksM+s x, ewY; dk fooj.k Value Added Statement (` in Crore)
tksM+k x;k ewY; og laifÙk gS] ftls dksbZ m|e iwath] izca/u vkSj deZpkfj;ksa ds lkewfgd Value Added is the wealth, which an Enterprise has been able to create through
iz;klksa ls l`ftr djrk gSA vFkZ'kkL=k dh Hkk"kk esa] tksM+k x;k ewY; mlh m|e ds mRiknu the collective effort of capital, management and employees. In economic terms,
ds cktkj ewY; esa ls varj.k ls izkIr lkexzh vkSj lsokvksa ds ewY; dks ?kVkdj fudkyk value added is the market price of the output of an enterprise less the price of
the goods and services acquired by transfer. Value Added can provide a useful
tkrk gSA tksM+k x;k ewY; fdlh daiuh ds dk;Z fu"iknu vkSj xfrfof/;ksa dks ekius dk measure in gauging performance and activity of the Enterprise.
,d egRoiw.kZ iSekuk gSA
146
mRiknu vkSj fcØh Production and Sales
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
(Budgeted)
mRiknu@Ø; Production / Purchase (Lakh MT)
veksfu;k Ammonia
& dyksy - Kalol 3.86 3.81 3.77 3.85 3.77 3.78 3.78
& iQwyiqj&A - Phulpur - I 4.04 3.85 3.34 4.32 3.49 4.29 4.22
& iQwyiqj&AA - Phulpur - II 5.62 5.47 5.12 6.06 5.86 5.38 6.02
& vkaoyk&A - Aonla - I 6.34 6.34 6.09 6.52 6.14 5.11 6.10
& vkaoyk&AA - Aonla - II 6.67 6.23 5.93 6.45 5.92 5.33 6.10
& vk;kfrr - Imported -- 1.30 1.23 1.43 1.44 1.19 1.40
;wfj;k Urea
& dyksy - Kalol 6.00 6.00 5.97 6.01 6.02 6.02 6.00
& iQwyiqj&A - Phulpur - I 6.73 6.52 5.78 7.58 6.32 7.26 7.35
& iQwyiqj&AA - Phulpur - II 9.92 9.51 8.84 10.54 9.92 9.54 10.50
& vkaoyk&A - Aonla - I 10.92 11.03 10.46 11.33 10.69 8.96 10.70
& vkaoyk&AA - Aonla - II 11.53 10.74 10.21 11.23 10.34 9.31 10.70
& vk;kfrr @ vksebiQdks - Imported / OMIFCO 15.91 21.75 35.41 28.73 21.60 25.12 31.50
,uihds NPK
& dkaMyk - Kandla 11.29 11.00 12.96 16.54 16.02 13.70 14.54
& ikjknhi - Paradeep 3.20 6.74 6.43 6.57 7.62 4.46 5.10
& vk;kfrr - Imported -- 0.03 0.03 0.07 0.03 0.08 0.17
Mh,ih DAP
& dkaMyk - Kandla 7.83 5.17 3.50 6.20 9.18 6.69 8.80
& ikjknhi - Paradeep 11.60 9.15 10.55 10.52 8.69 12.78 12.90
& vk;kfrr - Imported 1.75 1.35 4.44 11.20 4.10 -- 9.00
lYiQj@lYÝ;wfjd ,flM Sulphur / Sulphuric Acid -- -- 0.10 -- -- -- --
fcØh Sales (Lakh MT)
veksfu;k Ammonia
& dyksy @ vkaoyk - Kalol / Aonla -- -- -- -- -- 0.04 --
& vk;kfrr - Imported -- 1.30 1.23 1.43 1.44 1.19 1.40
;wfj;k Urea
& dyksy - Kalol 6.13 5.95 5.97 5.93 6.09 5.80 5.85
& iQwyiqj&A - Phulpur - I 6.85 5.87 6.53 7.36 6.32 7.13 7.40
& iQwyiqj&AA - Phulpur - II 10.00 9.61 8.74 10.37 9.88 9.41 10.10
& vkaoyk&A - Aonla - I 11.06 11.03 10.45 11.02 10.89 8.25 10.50
& vkaoyk&AA - Aonla - II 11.45 10.81 10.17 10.92 10.43 8.82 10.50
& vk;kfrr @ vksebiQdks - Imported / OMIFCO 16.83 22.33 30.05 33.10 20.21 23.67 31.65
,uihds NPK
& dkaMyk - Kandla 11.20 10.78 13.14 16.24 15.49 14.53 14.48
& ikjknhi - Paradeep 4.35 5.93 7.28 6.45 7.49 4.76 5.00
& vk;kfrr - Imported 0.79 0.03 0.03 0.04 0.04 0.06 0.25
Mh,ih DAP
& dkaMyk - Kandla 7.89 5.15 3.50 6.01 8.64 7.46 8.50
& ikjknhi - Paradeep 11.83 7.59 12.10 10.57 8.20 13.10 13.00
& vk;kfrr - Imported 2.16 1.33 3.32 12.24 4.07 0.03 9.00
lYiQj@lYÝ;wfjd ,flM Sulphur / Sulphuric Acid -- -- 0.10 -- -- --
fcØh ewY; Value of Sales (` in Crore)
veksfu;k Ammonia
& dyksy @ vkaoyk - Kalol / Aonla 0.04 0.07 0.07 0.05 -- 9.70 --
& vk;kfrr - Imported -- 413.88 405.60 397.11 210.78 206.66 254.80
;wfj;k Urea
& dyksy - Kalol 326.71 318.67 320.63 318.68 330.02 310.90 313.21
& iQwyiqj&A - Phulpur - I 366.18 314.54 350.27 395.36 341.45 382.28 396.20
& iQwyiqj&AA - Phulpur - II 507.20 490.26 450.44 557.50 533.12 504.60 540.76
& vkaoyk&A - Aonla - I 562.91 563.35 539.60 593.46 591.30 441.70 562.18
& vkaoyk&AA - Aonla - II 582.76 552.29 524.96 588.08 565.42 473.11 562.18
& vk;kfrr @ vksebiQdks - Imported / OMIFCO 863.46 1,150.68 1,552.11 1,734.66 1,102.44 1,260.98 1,694.56
,uihds NPK
& dkaMyk - Kandla 2,249.00 2,179.59 2,719.39 3,402.57 3,027.27 2,867.80 3,095.48
& ikjknhi - Paradeep 683.99 1,053.93 1,291.64 1,082.73 1,179.58 719.24 846.13
& vk;kfrr - Imported 113.36 11.36 12.40 16.61 18.02 26.82 71.28
Mh,ih DAP
& dkaMyk - Kandla 1,701.86 1,104.64 769.71 1,337.76 1,705.16 1,474.59 1,872.31
& ikjknhi - Paradeep 2,545.50 1,613.75 2,649.04 2,384.79 1,619.34 2,635.02 2,863.53
& vk;kfrr - Imported 468.84 285.80 735.70 2,825.24 800.51 4.32 1,982.24
lYiQj@lYÝ;wfjd ,flM Sulphur / Sulphuric Acid -- -- 2.13 -- -- 0.41 --
cht] jlk;u] fctyh Seeds, Chemicals, Power
31.77 59.04 28.98 29.27 41.75 88.66 54.40
o mi&mRikn & Bye-Products
;ksx Total 11,003.58 10,111.86 12,352.67 15,663.87 12,066.16 11,406.79 15,109.26
147