NHAI Annual Report of 1989-90 TO 1995-96 - National Highways ...

1 . Ekkgroutid 

I 

2. Functions of the A;harity 

3. Organisation 

4. Technical Division 

5.:’ Finance & Administration Division 

6. Private Investment Division 

7. Planning & Information Systems Division 

8. Public Grievawes 

11 

12 -, 

14 

9. Advisory Committee 14 

10, Signing of Memorandum of understanding 

11. The Future vision of the Authority 

15 

15 

3

I. Composition of Board 17 

II. Organisational Structure 18 

III. Sanctioned Strength and Filled up vacancies 18 

IV. Audit Report on the Accounts of NHAI 

A. For the period from 15* June, 1989 to 31.3.90 

- Management Replies to Audit Report 

- Balance Sheet as on 31.3.90 

- Profit & Loss A/C 

B. For the year 1990 - 91 


- Balance Sheet as on 31.3.91 


C . For the year 1991-92 




D. For the year 1992 - 93 




E. For the year 1993 --94 


- Balance-sheet as on 31.3.94 

: - Profit & Loss A/C 

F. For the year 1994 - 95 I 



- Profit: & Loss A/C 

G. For the year 1995 - 96 

- Management Replies to, Audit Report 

- Balance Sheet as 6n 31.3.96 


V Composition of Advisory Committee 

r* 

19 

20 

21 

22 

23 

34 

36 

37 

38 

48 

50 

51 

52 

62 

64 

65 

66 

76 

78 

79 

80 

90 

93 

94 

95 

106 

109 

110 

111 

121 

5

1. Background : 

The National Highways Authority of India (NI-IAI) was established in 1988 by an Act of Parliament, viz., the 

National Highways Authority of India Act, 1988 and it came into existence with effect from 15th June, 1989. The 

Act provided for the constitution of the Authority for the development, maintenance and management of National 

Highways and for matters connected therewith or incidental thereto. However, even though the Authority was 

created in 1988, it was operationalised only in Feb, 1995 with the appointment of a full-time Chairman and Members. 

In the Statement of Objects and Reasons of the Act setting up this Authority, it was mentioned that “the only 

alternative is for the Centre to take over development and maintenance of the National Highways system”. It is 

proposed that this Authority should take over, in a phased manner, the functions on National Highways presently 

being performed by the State Public Works Department. 

2. Functicms of the Authority : 

The National Highways Authority of India Act, 1988 states that, subject to the rules made by the Central 

Government in this behalf, it shall be the function of the authority to develop, maintain and manage the National 

Highways and any other highways vested in or entrusted to it, by the Government. For the discharge of its 

functions, the Act empowers the Authority, inter alia, to : 

Y 

0) Survey, develop, maintain and manage highways vested in or entrusted to it; 

(ii> 

(iii) 

(iv> 

(v) 

(vi) 

(vii) 

(viii) 

(ix) 

Construct offices or workshops and establish and maintain hotels, motels, restaurants and rest-rooms at 

or near the highways vested in or entrusted to it; 

Construct residential buildings and townships for its employees; 

Regulate and control the plying of vehicles on the highways vested in or entrusted to it for the proper 

management thereof; 

Develop and provide consultancy and construction services in India and abroad and carry on research 

activities in relation to the development, maintenance and management of highways or any facilities 

thereat; 

Provide such facilities and amenities for the users of the highways vested in, or entrusted to it as are, in 

the opinion of the Authority, necessary for the smooth flow of tra%c on such highways; 

Form one or more companies under the Companies Act, 1956 to further the efficient discharge of the 

functions. imposed on it. 

Advise the Central Government on matters relating to highways; 

Assist, on such terms and conditions as may be mutually agreed upon, any State Government in the 

formulation and implementation of schemes for highway development; and 

($) Collect fees on behalf of the Central Government for services or benefits rendered under Section 7 of the 

National Highways Act, 1956, as amended from time to time, and such other fees on behalf of the State 

Governments on such terms and conditions as may be specified by such State Governments.

The Authority is, at psent, entrusted with the following functions by the Central Government : 

0) timely implegntation of all externally funded project involving modemisation and upgradation of 

National Highways;, ,I 1 

J 

00 implementationbf’ti,e policy of privatisation in the National Highways Sector; and 

(iii) provision of am&n&ties on National Highways. 

3. Organisation of Authority 

The Authority is headed by the Chairman and has three full time functional members-Member (Technical), 

Member (Finance & Admn.) and Member (Private Investment) as indicated in Appendix-I. Organisational 

structure of the Authority is detailed in Appendix-IL The Corporate Office of the Authority is presently 

located at 1, Eastern Avenue, Maharani Bagh, New Delhi - 110 065. 

4. Technical’ Division : 

The Technical Division is presently headed by Member (Technical) who is of the rank of Chief Engineer. He is 

in-charge of the technical aspects pertaining to development, construction and maintenance of National Highways 

according to the standards as set out by the Ministry of Surface Transport (MOST). Currently the Technical 

Division is engaged in the implementation of the ADB-III Project. 

4.1 ADB-III Project : 

The ADB III Project consists of upgradation & strengthening of 330 Kms of existing National Highways spread 

over the five States of Andhra Pradesh, Haryana, Rajasthan, Bihar and West Bengal. The stretches in these States 

have to be widened to four lanes and where necessary the existing pavements have to be strengthened. The total 

project cost is Es. 772 crores. It is divided into 5 contract segments for the 5 States. The development of the 

project was undertaken at the headquarters of the Authority in collaboration with the Ministry and the 3 General 

Managers are responsible for these 5 segments. The work is to be awarded some time in April/May 1996 subject 

to approval of Ministry/ADB being received.’ It will be implemented through 3 Project Implementation Units 

which have been set up in Gurgaon (Haryana), Vijayawada @mlhra Pradesh) and Durgapur (West Bengal). 

The Project Implementation Units are headed by General Manager with a complement of staff consisting of 

Dy. General Manager and Managers, etc. 

The details of the project, statewise, are given below : 

0 

I 

(a> 

Length of Stretch 

61 National Highway Nos. 5&9 

cc> Project Cost Rs. 202 crores 

(a> Length of Stretch 

0 ‘National Highway No. 

cc> Project cost Rs-298 crores 

4

(4 Length of Stretch -4$i9 Kms.‘ ’ 

(b) National Highway No. 2 . 

$1 Project Cost Rs. 133.92 crores 

(4) 

(a> Length of Stretch 41.6 Kms. 

t 2 

t.bl National Highway No. 

(cl Project Cost Rs. 227.86 crores 

The actual implementation of the project will be supervised by Supervisory Consultants who are in the process 

of being appointed, on the basis of international bids invited for the purpose. 

4.2 World Bank-III Projects : 

The Authority has also started preparations for obtaining World Bank Loan III for upgradation of various 

sections of National Highways in a length of 1350 Kms. This involves stretches on NH-2and NH-45 covering 

the States of Uttar Pradesh, Bihar, West Bengal and Tamil Nadu. 

5. Finance % Administration Division : 

This Division is engaged in setting up of appropriate systems and procedures for administration and proper 

financial management of the Authority. ,The Division is headed by Member (Finance & Administration) and 

has a (Part-time> General Manager (Finance), Dy. General Manager (Finance), etc, On the Administration side, 

there is a General Manager (Administration) and (part time) Dy. General Manager (Administration). A statement 

indicating the sanctioned strength and officers in position as on 31.03.96 is at Appendix-III. 

5.1. In line with the World Bank recommendations, Consultants were appointed to advise on the development of 

the Authority and to design systems and procedures relating to : 

t 

(a> Finance accounting, accounting policies and cost accounting; 

(b) Capital and revenue budgets; and 

(c) Management Information Systems. 

5.2 The Government provided a revenue grant of Rs. 3 crores during 194-95 towards the cost of initial setting up 

of the office, renting office premises, purchase of office equipments, etc. A proposal to provide for an adequate 

capital base to the authority to enable it to discharge the various functions entrusted to it is under consideration 

of the Ministry of Surface Transport. 

5.3 The basic structure of the Authority is envisaged to be lean, automated and generally in keeping with a modem 

and efficient enterprise. Regulations have to be formulated under the NHAI Act, 1988 pertaining to various 

aspects of administration and financial management. Towards this end, the Authority has frnalised the following 

Regulations and these are now to be notified in the Gazette : - 

9

5.4 

(a) 

Conduct, Discipline & Appeal Regulations; 

0 Medical Attendance and Treatment Regulations; 

cc> Joining Time Regulations; 

0 Incentive Regulations; 

(e> L.T.C. Regulations; 

0) Leave Regulations; and 

@ 

Recruitment, Seniority & Promotion Regulations. 

Further, Regulations relating to the following subjects are in the process of being formulated and are expected 

to be finalised and notified in 1996-97 : 

!L5 

i.6 

(a> 

Conveyance Reimbursement Regulations; 

0$ Group Insurance Scheme Regulations; 

cc> 

Transaction of Business Regulations; 

(4 Provident Fund and Pension Regulations; and 

(e> 

Travelling Allowance & Daily Allowance Regulations. 

‘j, L.. , 

In addition, the Authority is finalising Rules in consultation with the Ministry of Surface Transport 

on the following subjects : 

(i) NHAI (value of Contracts) Rules : ’ 

(ii> 

(iii) 

‘NHAI (Powers and Duties of Members) Rules; and 

NHAI (Terms & Conditions of Service of Members) Rules. 

The Annual Accounts of the Authority which were in arrears since 1989, have been finalised for the years 1989- 

90 to 1995-96. A statement indicating Receipts and Expenditure incurred by the Authority since its inception, 

i.e. 1989-90 to 1995-96 is as under : .I 

1 Year 1 Receipt from MOST 1 Expenditure 1 

~~. 

1989-90 2.00 2.66 

1990-91 10.00 4.96 

1991-92 153.00 7.07 

1992-93 .++3.20* 

1993-94 1.22 

1994-95 3 0 0 . 0 0 2.32 

1995-96 2306.60 168.77 

* (In addition, Rs. 160 lakhs refunded to the Govt.) 

5.7 A copy each of the Audit Report on ;hs accounts of the Authority, Management Replies to Audit Report, 

Balance Sheet, Profit and Loss Account for the year 1989-90,1990-91,1991-92,1992-93,1993-94,1994-95, and 1995-96 

is enclosed at Appendix - IV. 

1 0

6. Private Investment Divison : 

The Private Investment Divison is headed by Member (PI) with a General Manager (PI) working on part-time 

basis and a DGM (PI). 

6.1 why @ivatisation ? 

While the traffic has been growing at a fast pace, it has not been possible to provide matching investment on roads, 

due to competing demand from other sectors, which has led to a large number of deficiencies in the network. 

Many sections of the Highways are in need of capacity augmentation through addition of lanes, grade separation at 

intersections, construction of expressways, etc. There are congested routes through towns where bypasses are required 

to be constructed in order to reduce delays. Many old bridges are in need of replacement, or new construction is 

required. In order to supplement the Government’s services, it has been decided to invite private sector to invest 

their funds for improvement of Highway infrastructure. 

6.2 Scope of Private Participation: 

Participation on Build, Operate and Transfer (BOT) basis is sought in projects of undermentioned categories : 

(a3 Existhg~ ~~aticmal Highways 

- Bridges 

- Railway Over -Bridges * 

- Elevated Sections through Urban areas 

- Interchanges 

-Widening of Roads 

(b) New Alignments 

- - 

- Super National Highways (Expressways) 

6.3 Legal Framework : 

The amendment to the National Highway Act 1956, made in June 1995, provides the legal framework for private 

sector participation. Under the’amended National Highway Act, it is now possible to : 

.- 

. Assign to the private entrepreneur, implementation and operation of projects for a specified period by an 

agreement with the Government. 

. Author&e the entrepreneur to collect and retain fee from the users. 

. Authorise entrepreneur to regulate traffic on the BOT road. 

. Punish any person for encroachment of land and misuse of highway developed by the entrepreneur. 

11

6.4 progress ma& so far : 

0) The Authority is developing jointly with IL&FS, the Moradabad Bypass Project’in Uttar Pradesh and the 

Amravati Bypass Project in Maharashtra jointly with SCICI where the land has already been acquired. 

(ii) 

(iii) 

(iv) 

(v) 

The Author&y has also taken up the Durg Bypass project on NH-6 in Madhya Pradesh for construction on BOT 

basis and has invited privatesector investors for pre-qualification. 

The Authority is also developing 6 ROB Projects in Rajasthan on NH Nos. 8,11,12 & 14 and the project will be 

advertised soon thereafter. 

It is also proposed to develop a 30 Km. .stretch of NH 8 near Surat as a Public Sector toll Project after 4 laning 

of the sections. The Authority will raise commercial loan for this project and repay the debt with interest 

through tolls. 

Once these small projects are successfully awarded to private investors, it will help gain experience and form the 

basis for undertaking further projects for privatisation and also construction of Public Toll Roads. 

6.5 Development of Super National Highways : 

At the instance of the Central Govt., the Authority in July, 1995 invited proposals from the private entrepreneurs 

for undertaking feasibility studies of the identified sections of the proposed Super National Highways. This project 

involves the construction of 13,000 kms of new expressways on alignments other than the existing National Highways. 

These are planned to be 4 laned Highways of standards comparable to highways elsewhere in the world. All expenses 

of preparation of feasibility studies am to be borne by the Private sector investors themselves. A total of 22 proposals 

-were received from reputed companies including some international companies in response to the invitation. 

The Finance Ministry had indicated that a detailed formulation of privatisation policy was further essential for 

notifying to private sector investors. In response, the Authority has formulated a detailed policy for privatisation 

and a draft Note for Cabinet has been forwarded to Ministry for further necessary action at their end. 

6.6 Highway Development Pund : 

It has also been envisaged that even if private sector investors were to be invited for construction of various sections 

of National Highways, bypasses, ROBS and other bridges, Government/Authority would have to undertake feasibility 

study and acquire land for the projects. As such funds would be required by the Authority for the purpose of 

undertaking feasibility studies and acquiring land where necessary. 

Towards this end, the Authority has proposed the creation of a Highways Development Fund by charging cess on 

petrol and diesel. This fund will go a long way in taking care of feasibility studies and the acquisition of land where 

necessary in addition to undertaking public sector Toll Road Projects. The Authority has also entered into MOUs 

with SCICI, and HUDCO for undertaking development of private sector investments projects on BOT basis or any 

of its variant jointly, sharing the risks so that the projects that are viable could be implemented through financing by 

these financial institutions. 

7. Planning and Information Systems Division : 

Planning and Information Systems Division is to be headed by Member (P&IS). Presently Member (Finance & 

Admn.) is looking after this division with DGM (I&PS) in ,place. The activities of this Division are as follows : 

12

7.1 Computerisation : 

The National Highways Authority of India (NHAI) is computerising its entire working. It is also planning to link 

up with the international network through Internet & E-Mail to ensure speedy communication with its external 

funding agencies, the World Bank and the Asian Development Bank. 

The need for computerisation has acquired urgency in view of the fact that highway projects in the country have 

been suffering long delays and this has been causing concern both to the Central Government as well as the foreign 

funding agencies. The Authority is also going to introduce computer aided designing for its road projects. 

Computerlsation is going to be an indispensable aid in planning the future road network particularly the ambitious 

13,000 Kms National Super Highway Network (SNH). 

In pursuance of the above, 18 computers. of 486 Dx 2 and one Pentium have been installed in the headquarters. 

7.2 Library : 

NHAI is building up a professional library to keep pace with the latest developments in Management and the Road 

Construction sector. Selective books, on subjects like administration, policy planning, financing as also technical 

books are available in the Library for reference purposes. 

Countrywise literature on BOT project, including legislation, financing of project and other available data of Highway 

Department in other countries has also been arranged and the same has been kept in the library for reference. 

The literature pertaining to the following countries is, as such, available for reference purposes : United States of 

America, Australia, Canada, France, Hungary, Mexico, Malaysia, United Kingdom, Pakistan, China 

7.3 Technical Training, Meetings, Symposia Courses Networks etc. during 95 - 96 : 

In order to develop managerial, professional skills of officers of the Authority, officers have been deputed to attend 

courses/seminars/workshops being conducted by various leading organisations in India and abroad. The following 

would indicate the various courses attended by the officers : 

(0 1st Seminar on Construction and Financing of Roads and Bridges on BOT basis jointly organised by 

ASSOCHAM, Authority and IL & FS on 13th - 14th September, 1995 at New Delhi. 

0 Seminar on Private sector participation in Highway Development organised by IRC in cooperation with MOST 

etc. at Delhi on 28th & 29th September, 1995. 

(iii) 56th .Annual IRC Session at Lucknow from 6th to 9th November, 1995. 

(iv) International Conference on Road and Road Transport Problems organised by Centre of Transport Engineering 

(COTE), Deptt. of Civil Engineering, University of Roorkee (ICORT-95) at Delhi from 11-14th December, 

1995. 

(v) 

National Get-together on Road Research and its utilisation organ%ed by CRRI on 34th January, 1996 at New Delhi. 

(vi) Seminar on “High Performance Concrete” organised jointly by Cement Manufacturers Association, 

The Federal Highway Administration of USA and the CRRI on 5-6th February, 1996 at New Delhi. 

(vii) “National Get-together on Road Research and its utilisation” organised by CRRI at Delhi on January 3/4,1396 

(viii) A Workshop organised by ADB on “Procurement Services” at Delhi from February 22-29,1996. 

(i$I A Seminar on “Ready Mix Concrete” Organised by Cement Manufacturers Association at Madras on 

March 15,X?%. 

13

($ “Advanced Management Programme” organized by Deptt. of Programme Implementation in October, 1995. 

@ “National Get-together on Road Research & its utilization” Organized by CRRI on 3/4th January, 1996. 

Visits: 

@ 

Canada from 28 May, 95 to 2nd June, 95 in connection with inspecting the construction of a new highway No, 

407 and other BOT facilities. 

0 Australia to inspect BOT and other normal road projects. 

(4 Washington from 30th August, 95 to 1st September, 95, on issues relating to the National Highways as well as 

the current status of the Bank assisted National Highway Project. 

(iv) Malaysia from August 3-6th’ 95 in connection with the signing of MOU with the Malasiya Government relating 

to mutual assistance cooperation between Govt. and Government of Malaysia for development of Super National 

Highways. 

(v) 

UK from 7.8.95 to 11.8.95 in connection with the Indo-British multi sectoral infrastructure workshops and 

to see U.K.‘s experience in toll road projects, 

Q London & Paris from 22nd to 25th Sept., 95 to participate in the meet organized in U. K. by the Institute for 

Infrastructure Finance and to study the tolling system of France. 

8. I?ublic Grievances : 

In response to the Department of Administrative Reforms and Public Grievances for activating the 

machinery for redressal of Public Grievances, the Authority has designated DGM (Admn.) as the Staff 

Grievance Officer for the Authority. Officers have been asked to analyse grievances received by them 

with a view to find the major grievance-prone areas and take corrective measures to reduce recurrence of 

such grievances. They have been able to ensure that grievance petitions are disposed of as far as possible 

within 15 days of their receipt. The Grievance Officer has been vested with powers to call for papers/ 

documents of cases pending more than 3 months with the approval of Chairman. Also a complaint/ 

suggestion box has been placed in the reception. 

9. Advisory Cdmmittee : 

With the approval of the Ministry of Surface Transport, an Advisory Committee for the Authority has 

been constituted to serve as an institutionalised forum for giving suggestions to aid and advise’the 

Authority in the discharge of the functions assigned to it by the Government. The idea is to interact 

with various Chambers of Commerce as well as road users interested in development of roads, road 

safety etc. to advise the Authority on the activities to be taken up to implement the main objectives of 

road development programmes. Keeping in view the fact that it will be useful for the Authority to 

interact with members of the public as well as technical institutions dealing with road construction, it 

was considered desirable to have the meeting of the Advisory Committee,pf the NHAI once in three 

months or even earlier, if necessary, to discuss issues concerning National Highways. 

Such topics as constructions of amenities on National Highways, new routes on which expressway should be constructed, 

terms and conditions on which private investors should be invited for BOT projects are discussed. The list of Members 

of the Advisory Committee is given in Appendix V. The terms & cenditions of this Committee are as follows : 

14

@ 

to advise the Authority in the formulation and implementation of BOT policy in privatisation of roads; 

0 to advise the Authority in the formulation of a perspective plan for the development of National Highways and 

Super National Highways in the country; 

(iii) to advise the Authority on the specification for expressways and quality control in road construction; and 

(iv) to advise the Authority on aspects of road safety, traffic movements, provision of wayside amenities, effective 

utilisation of air space along the National Highway. 

The Advisory Committee held three meetings and the suggestions of the members were of immense help in 

formulating the policies of the Authority in its first year of operation. 

10. Signing of Memorandum of Understanding : 

In its attempts to take the initiative to speed up highway infrastructure development, the Authority has teamed up 

with the SCICI (Shipping Credit and Investment Corporation of India Ltd.), the IL&FS (Infrastructure Leasing and 

Financial Services Ltd.) and HUDCO to promote various road projects. 

MOUs with them have been signed and it is proposed to take up with each some projects jointly for the construction 

of bypasses, ROBS and certain expressways. 

11. The Future Vision of the Authority : 

The Authority seeks for itself the role of a coordinator in collaboration with the Ministry of Surface Transport for 

the transfer of modem construction technology including machine oriented construction of long enduring roads. 

The Authority also wants to serve as a Think Tank for the Ministry for innovations in development of highways and 

highway related user facilities. 

The Highway Authority also seeks for itself, the position of a leader in highway development, management and 

construction in the entire SAARC region to develop highways to enable faster growth of commerce and trade in the 

SAARC countries of the sub-continent. This would be possible by gaining international experience through visits 

and studies of the state-of-the-art techniques evolved in the developed countries. 

. . 

The Authority wants itself to be a thin and lean Organisation which should be officer oriented and develop its office 

procedures with the aid of computer technology. It can remain thin by developing its own expertise while 

simultaneously selectively outsoucring its work. 

As far as privatisation of highways is concerned, the Authority would like to take the leadership in the country for 

evolving model BOT contract documents, bid documents etc. so as to enable it to act as a guide to other States and 

also to bring about a uniformity in the Privatisation Policy in highways in the entire country. For this purpose, the 

Authority intends to build up a repository of knowledge of the BOZpregr%mm es in roads, highways and bridges 

which have been or are being executed all over the world. Towards this end, the Authority would be interacting 

with various international organisations and the road building departments of the various countries in the world 

where such programmes are going on. The Authority would also like to send its officers abroad for gaining experience 

in this field and thus become the focal point for disseminating knowledge on BOT procedure etc. to the neighbouring 

countries. 

15

The Authority also wants to build up a dedicated and highly motivated cadre of Officers from the talent available 

both from the priyate sector as well as the Government and the public sector. These people should be such as are 

capable of introducing fresh ideas ln this field of highway management, development and construction and can be 

eventually developed as leaders in their profession. 

The Authority would also aim to introduce a new work cul$re in the officers and staff of the organisation and make 

them result oriented and conscious of avoiding cost over runs and time over runs in the execution of projects. 

Towards this end, the Authority will endeavour to create a culture where each officer of the Authority becomes a 

decentralised point of responsibility to enable each officer to give his best. The functioning of this Authority will be 

based on trust of each officer. Accounting procedures will have to be organised accordingly. 

The Authority would also endeavour to become financially independent by raising new sources of income which 

would enable it to stand on its own legs rather than depending on Govt. budgetary support. In the initial years, the 

Authority will of course have to depend on Govt. guarantees whenever it raises loans or Govt. budgetary support, 

but its ultimate aim would be to make the road programme in India financially independent of the budget and 

ensuring development of future road programmes through resources raised by it rather than depend on the Govt. 

Towards this end, it will give various suggestions to the Govt. on how to commercialise roads and how to raise 

resources for future road programmes. 

The Authority will also motivate its officers to pursue academic research and bring out papers based on their experience 

in highway construction so as to enable others to share the knowledge so gained. It will also try to ensure that the 

international funding agencies are motivated to give more funds to the roads sector by introducing new methods of 

efficient project execution so that the complaints of the international funding agencies on time over runs and cost 

over runs are avoided. 

The Authority will also collaborate with the international and national organisations in this field and selectively 

adopt techniques and procedures from various parts of the world which can be adopted in India for streamlining 

execution of highway projects. 

The Authority will also endeavour to take over management and maintenance of the entire National Highway 

system in phased manner. Towards this end, it will also endeavour to motivate young motivated engineers from the 

State PWDs as well as directly from the Institutes of Engineering like IITs, Engineering Colleges etc. to join the 

Organisation. 

The Authority will also introduce new techniques for automatic counting of vehicles on roads to enable better 

planning of road development in the future. Together with this, it will also endeavour to have the latest signages 

technology on highways and roads introduced in the country. 

The Authority will also study the various systems of collecting tolls, prevalent abroad. It will try Eo introduce the 

latest technologies of collecting tolls with a view point of ensuring satisfaction to the road user and avoiding wastage 

of time. Manual methods of collecting tolls will be gradually phased out and the ultimate aim would be to evolve 

automatic electronic methods for collecting road user charges on stretches of highways which wil!. come under 

toll systems. 

With this vision in view National Highway Authority of India has organized its activities ln its first year of operation.

Chairzwn 

Shri Yogendra Narain, IAS 

Members 

Smt. Neelam Nath, IAS 

Shri S. Chatterjee, IAS 

Shri A. D. Narain 

Shri Prem Bajaj 

17

APPENDIX - II 

ORGANISATIONAL STRUCTURE OF 

NATIONAL HIGHWAYS AUTHORITY OF INDIA 

1 CHAIRMAN 1 

I 

MEMBER 

TECHNICAL 

L 

I 

I 1 

G. M. G. M. 

PU WB 

I I I 

MEMBER MEMBER MEMBER 

FIN. & ADMN. CF&IT PVT. INVEST 

I 

I 

I 

G. M. G. M. G. M. G. M. 

FIN % ACCT. ADMN. INFOR TECH 

D.G.M. D.G.M. D.G.M. D.G.M. 

FIN 4 ACCT. ADMN 

I . 

I I . 

MANAGER FIELD UNIT MANAGER MANAGER 

G.M. 

D.G.M. 

STATEMENT INDICATING THE SANCTIONED 

STAFF STRENGTH VIS - A - VIS VACANCIES FILLED UP 

AS ON- 31.03.1996 

APPENDIX - III 

Group ‘A’ 

Group ‘B’ 

Group ‘C 

Group ‘D’ 

Total 

Sanctioned 

23 33 

21 

7 89 

Filled up 

15 13 

3 

2 33 

18

The Secretary to the Govt. of India 

Ministry of Surface Transport, 

Transport Bhawan, 

Sansad Marg, 

New Delhi.- 110 001. 

Subject:AuditReportontheAccamta of Natbnd Highway Authority of India, 

NewD&1ifortheyurended31stMarch,1990. 

S i r , 

I am to forward herewith a copy of the accounts of the National Highways Authority of India for the year 1989-90 duly certified 

together with the Audit Report thereon for necessary action under Section 24 of the National Highways Authority of India Act, 1988. 

2. It is requested that the date of presentation of the Accounts and the Audit Report to Parliament may kindly be intimated. After the 

Report is presented to Parliament, 25 copies of these documents as presented may kindly be furnished to this office and one copy may 

also be sent to the Office of the Comptroller and Auditor General of India. 

3. The receipt of this letter may kindly be acknowledged. 

Yours faithfully, 

CT. G. SRINIVASANI 

Principal Director of Commercial 

Audit and Rx-officio Member, Audit Board - I, 

New Delhi 

Encl.AsAbove 

No. RS/NHAI/4-21/90-91/Vol.I1/621 Dated : 22.3.96 

Copy together with a copy of Audit Report as issued to the Government of India, Ministry of Surface Transport, New Delhi forwarded 

to the Chairman, National Highways Authority of India, l-A, Eastern Avenue, Maharani Bagh, New Delhi. It is requested that the said 

Report may kindly be treated as secret till the same is presented to the Parliament as required under Section 24 of the National Highways 

Authority of India Act, 1988. 

scv- 

sd/- 

(T. G. SRINIVASAN) 

Principal Director of Commercial 

Audit and Bx-Officio Member, Audit Board - I, 

New Delhi. 

19

1. Introduction 

AUDIT REPORT ON THE ACCOUNTS OF 


FOR THE PERIOD FROM 15 JUNE 1989 TO 31 MARCH, 1990 

APPENDIX - IV A 

The National Highways Authority of India (the Authority) was constituted on 15 June 1989 under Section 3 (1) of the National 

Highways Authority of India Act, 1988 (the NHAI Act) mainly to survey, develop, maintain and manage the National Highways, to 

construct offices or workshops, to establish and maintain hotels, restaurants and rest rooms at or near the highways vested in or 

entrusted to it, to regulate and control the plying of vehicles, to develop and provide consultancy and construction services and collect 

fees for services or benefits rendered, in accordance with Section 16 of the Act. 

The audit of accounts of the Authority has been done under section 19(2) of the Comptroller and Auditor General’s (DPC) Act, 1971 

2. Capital Structure 

The NHAI Act (Section 12) provides that all non-recurring expenditure incurred by or for the Central Government for or in connection 

with the purpose of any National Highway or any stretch thereof, so vested in or entrusted to the Authority and declared to be capital 

expenditure by the Central Government would be treated as Capital provided by the Central Government to the Authority. No other 

source of Additional Capital by Central Government or otherwise was provided in the Act. During the year there was no entrustment of 

highways by the Government to the Authority in terms of Section 12 of the Act. Therefore, there was no capital at the end of the year. 

3. NHAI Fund 

The Act provides for creation of the National Highways Authority of India Fund (NHAI Fund) into which shall be credited grants, 

loans, borrowings and any other sum received by the Authority. Expenses of the Authority in discharge of its functions, expenditure on 

establishment and other expenses am to be met from this Fund having regard to the purpose for which such grants, loans or borrowings 

are received. However no such Fund was created during the year. The Government of India sanctioned and released grants of Rs. 12.00 

lakhs (Rs. 2.00 lakhs in Jan. 1990 and Rs. 10.00 lakhs in March 1990), but the Authority has accounted for only the grant of Rs. 2.00 

lakhs during the year. 

4. Source of Income 

During the year there was no business activity. The Authority incurred an expenditure of Rs. 2.66 lakhs on its establishment against the 

grant of Rs. 2.00 lakhs accounted for by it. 

5. &unmarked Financial Results 

AMOUNT@s. in Lahbs) 

al 

bl 

cl 

dl 

Capital 

Reserves & Surplus 

Borrowings 

Current Liabilities & Provisions 

Total 

- 

- 

- 

2.09 

2.09 

al Fixed Assets 

bl Investments 

cl Current Assets, Loans 

and Advances (Cash 8r Bank balance) 

dl 

Misc. Expenditure (Debit 

Balance of Profit 8r Loss A/ C> 

‘TCit4 

Capital Employed 

Net Worth 

- 

- 

1.43 

0.66 

< 2.09 

c-1 0.66 

Nil 

20

6. Liquidity 

0 The percentage of Current Assets to Current Liabilities which is a measure of liquidity 

was 68.4 as at the end of 1989+0. 

ii) 

The percentage of Quick Assets to Current Liabilities which is another measure 

of liquidity was 68.4 as at the end of 1989-90. 

7. General 

The Authority has not framed its Accounting Policies, Accounting Manual, tariff for services, and system of Internal Control. 

8. Comments on Accounts 

other Income-Rs. 2.00 lakhs (Sch. 11) 

Grant of Rs. 10.00 lakhs sanctioned by the Government of India, Ministry of Surface Transport, in March 1990 and received by the 

Authority vide cheque dated 31.03.1990 to meet the expenditure on the establishment of the Authority has not been accounted for in 

the current year. As stipulated in Section 18 of the NHAI Act, 1988, it should have been credited to the NHAI Fund and recognised in 

the Profit and Loss Account to the extent it matched with the related costs. This has resulted in understatement of ‘other income’ by the 

Rs. 0.66 lakhs, NHAI Pund by Rs. 9.34 lakhs and Current Assets by Rs. 10.00 lakhs. 

sd/- 

DATED : 22 MARCH, 1996 

PLACE : NEW DELHI. 


Principal Director of Commercial Audit 

And Ex.-Officio Member, Audit Board - I, 

New Delhi 

I have examined the foregoing Accounts and Balance Sheet of the National Highways Authority of India. I have obtained all the 

information and explanations that I have required and subject to the observations in the separate Audit Report, I certify as a result of my 

audit that, in my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the state of 

affairs of the Authority according to the best of my information and explanations given to me and as shown by the books of the 

Authority. 

scw- 

DATED : 22 MARCH 1996. 

PLACE : NEW DELHI. 

MANAGEMENT REPLIES TO AUDIT REPORT 

ON ACCOUNTS FOR THE FINANCIAL YEAR 1989-90 



And Ex-Officio Member, Audit Board - I, 

New Delhi 

SL. No. 1 to 7 is i&maw. 

Sl. No. :- 8 In the 11th Board meeting held on 24.01.1997 the Authority has revised its Accounting policy No. 1 and to conform to 

accrual concept of accounting as observed by audit, Grants will now be accounted for on accrual basis. 

21


(Jidnism of Surface Transport) 

Balane Sheet as at Mst March, 1590 

Sl.No 

Capltaland Schedule Current PrcviolM Plopeqalld Current PreviouS 

IAlhlliw Yept YaU Assets. 

YF 

No. Ok> Qle.1 Sl.No. 

1. Capital 1 

- - 5. 

Fixed Assets 

7 - - 

2. Reserve & 2 

Surplus 

- - 

Gross Block 

Less : Depreciation 

Net Block 

3. Borrowings 

Secured Loans 3 

4 

6. 

- 

- 7. 

Investment 

(At cost) 

Current Assets, 

Loans 

& Advances. 

8 - - 

9 

Un-Secured Loans 4 

a> Inventories 

b> Sundry debtors 

- - 

- - 

4. Current Liabilities 

and provisions 

c) Deposits, Loans & 

advances 

- - 

Current Liabilites 5 

2,08,898.65 

d) Interest accrued on 

Investments 

- - 

Provisions 6 

e) Cash & Bank 

1,42,519.25 

8. 

Misc. Expenditure 

(To the extent not 

written off or adjusted) 

10 - - 

9. 

Profit & Loss 

Account 

66,379.40 

(Debit balance if any.) 

TUtd 

WWH3.65 - 

2,08,@8.65 - 

SCWc--m’ 

Subject to Notes atached. 

22


(lbfhWy of Surface Tramport) 

PROFIT AND LOSS ACCOUNT FOR THE PERIOD 

15TH JUNE, 1989 TO 31ST MARCH, 1990. 

I. INCOME 

Value of Work done 

Other income 

Interest (Gross) 

Net Increase/Decrease in 

Work-in-progress ( + > / ( - > 

II. EXPENDITURE 

Construction Stores/ 

Material Consumed. 

Other stores, spares and 

tools etc. consumed 

Works Expenses 

Personnel & Administrative 

Finance Charges 

Depreciation. 

ProfkJLoss before Taxation 

Less/Add: Provision for Taxation 

Profit/Loss after Taxation 

Add/Less : Prior period items (new) (+> (-1 

Profit / Loss 

Less : Transfer to Capital Reserve 

Less : Transfer to other specific 

Reserve/Fund 7 9 

Less/Add: Transfer to/Transfer from 

General Reserve (+> (-1 

Add/Less : Surplus/Deficit brought 

forward from previous year (+> c-1 

Surplus/Deficit carried to Balance Sheet 

- - 

11 2,00,000.00 

12 - 

13 

- 

- - 

14 - 

2,00,000.00 

15 2,66,379.40 

16 - 

07 - 

Total 

2X$,379.40 

(4 66,379.M 

(-> 66,379.40 

- 

c-1 66,379.40 

- 

- 

- 

C-1 66,379.40 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

sd/- 

CHAIRMAN, NHAI. 

23

SCHEDULE FORMING PART OF THE 

BALANCE SHEET AS. AT MARCH, 31, 1990. 

1 

i) Capital 

ii) N. H. A. I. Pund 

(Additions and deductions since last balance 

sheet to be shown under each of the specified heads) 

i) Capital Reserves 

ii) General Reserves 

iii) Any other Reserves/Fund (Nature to be specified) 

iv) Credit balance in P & L A / C. 

- - 

- - 

i) Loans from Govt. of India 

ii) Loans from Banks 

iii) Other Loans 

(Interest accrued and due to be shown separately. 

Nature of security to be specified) 

i) Loans from Govt. of India 

ii) Loans from Banks 


(Interest accrued and due to be shown separately) 

i) Liability for sundry creditors 

ii) Other liabilities 

iii) Grants received in surplus 

iv) Deposits held on account of others (if applicable) 

a) Employees 

b) Sundry parties 

ci) Contractors 

d) Suppliers 

v) Others (to be specified) 

- - 

2,08,898.65 - 

- - 

- 

- 

- 

2,08,898.65 

- 

- 

- 

- 

- 

i) Provisions for taxes 

ii) Provisions for gratuity 

iii) Provisions for Leave 

Salary and Pension Contributions 

iv) Other provisions. 

- - 

- - 

Sd/- 

CHAIRMAN;, NHAI. 

24

7 

GrQss~oekatco!3t Depnciatlon NetBlQck 

As at Additions Adjustment/ Total. As at For the Adjuetcd/ Totar At 

156.89 DedlmiQ?ls catas 15.6.89 year rhduaed Dep. 15.6.89 3&o 

for the at WQ 

yepr 31.3.90 31.3.90 

5. 

6. 

aI/- 

CHAIRMAN N.H.A.I. 

25

investment -. 

i) Govt. Securities 

iii Other than Govt. Securities (Nature to be specified) 

- - - 

- - 

As taken valued & certified by the management) 

i) Tools 

ii) Stores & Spares (including intransit) 

iii) Construction Stores/materials 

iv) Work-in-Progress 

- - 

- - 

- - 

- - 

- - 

(Specify separately more than six months and less than six months) 

-Consideredgood 

(Specify separately more than six 

months and less than six months) 

- Considered doubtful Less : Provision for doubtful debts 

- - 

i) Deposits 

ii) Advances to Staff 

iii) Advances_to 

a) Mobilisation Advance 

b) Material Advance 

iv) Advance to Suppliers 

v) Claims recoverable 

vi) Prepaid expenses 

vii) Advance Taxes 

viii) Security deposits & retention money 

ix) Claims recoverable 

- - 

- - 

- - 

- - 

- - 

- - 

- 

- 

- 

- 

- 

26

i) Cash & Cheques in hand 1,ooo.oo - 

- - 

- - 

including stamps 

ii) Balance with Scheduled Banks 

- On deposits accounts 

(Including interest accrued & due) 

On current accounts 

On margin money account 

iii) Balances with Non scheduled banks 


(Including interest accrued) 

- On current accounts 

- On margin money account 

- Remittance in transit 

1,41,519.25 - 

- - 

\ - - 

- - 

- - 

- - 

- - 

1,42,519.25 - 

( Misc. Expenditure to the extent not written off. 

Sd/- 

CHAIRMAN - NHAX 

SCHEDULES FORMING PART OF .THE PROFIT AND LOSS 

ACCOUfiT FOR THE PERIOD 

FROM 15TH JUNE, 1989 TO 31ST MARCH, 1990. 

1. * Hire Charges 

2. Grants-in-aid received from Govt. during the year 

3. Consultancy fee etc. 

‘4. Fee for service rendered 

5. Agency charges 

6. Surplus from seminars and trainings 

organised (Net) 

7. Profit on sale of fixed assets 

written off 

8. Misc. Receipts. 

SCHEDULE 

Intenst 

i> From banks on deposits 

ii) From employees on advances 

iii> From others 

. 

27 

- - 

2,00,000.00 - 

- - 

- - 

- - 

- - 

- - 

- - 

2,00,000.00 - 

- - 

- - 

- ’ -

Work - in - progress 

L e s s : - 

_ - 

Net Increase / Decrease 

a3m 

Electricity Power & Fuel 

survey Expenses 

Consultancy Expenses 

Payment’ to Contractors 

Escalation Claims 

b> ReDair 

Roads & bhdges 

Buildings 

Plant, Machinery & Equipment 

dQlh!xs 

Insurance : 

(Plant, Machinery & equipment) 

Technical studies & Consultancy charges 

Research & Development expenses. 

- 

- 

- 

- 

- - 

- - 

Salaries, wages, allowances & 

bonus, Workman Staff Welfare expenses. 

Provident Pund 

Pension & leave salary 

Others 

Rent for Office accommodation 

Rates and Taxes 

Repairs & Maintenance - Others 

xnsurance 

Honoraria fee and other 

Professional charges. 

Agency LB Commission charges 

69J339.75 

141.65 

6!3,5%1.40 

- 

6,942.OO 

- 

- 

76,923-b 

1,69,598.00 - 

- - 

- - 

- - 

2900.00 - 

\ - - 

28

13,202.00 , 

%hmJ - 

- 

191.00 - 

* 

- rC 

- 

- - 

, 

- 

- 

- - 

t 

scu- 

CHAIRMAN - NNAI 

.:” 

‘1 

29

GROUPIMGLE - 

Sub-Total(Rs.) 

Total OW 

i) Water for Works - - 

ii) Electricity for works - - 

iii) Power & Fuel - - 

(Heavy vehicles & Equipments) 

i) Tyres, Tubes, Batteries as 

per Grouping Schedule No. 2 - 

- - 

ii) Other expenses. - - 

i) Insurance 

Construction works - - 

Plant & Machinery/Heavy vehicles - - 

ii) Registration expenses Works) - - 

iii) Registration expenses (Plant, Machinery / Heavy vehicles. - - 

G-ROUPING SCHEDULE - Sub-Total (lb.) 

Total (Rp.1 

b. 

i) Salaries & Wages & other staff benefits 61,533.75 

ii) Daily wages - 

iii) Over Time Allowance - 

iv) Rent for residence/ Licence fee 

8,306.OO 

v) Bonus - 

vi) Incentives - 

vii) Transport subsidy - 

viii) Leave Encashment - 

i) Medical reimbursement 141.65 

ii) Staff Welfare : 

Welfare expenses - 

Kitchen, Utensil & appliances - 

iii) Seminar / Training expenses - 

iv) L. T. C. - 

v) Liveries - 

30 

69,839.75 

* 141.65

Sub-Total 6.) 

Total Qrs.1 

to: 

i) Provident Fund 

ii) Pension & Leave salary 

iii) Others 

- 

6,942.OO 

- 

6,942.OO 

i) Office Equipment - 

ii> j&ht Vehr&s - 

Petrol, Oil & Lubricants as per grouping schedule No. 2 - 

Tyres, tubes, batteries as per grouping schedule No. 2 - 

Others - 

i> Light vehicles - 

ii) Others - 

i> 

ii) 

iii) 

iv) 

VI 

Fee of liaison work 

Consultancy fee 

Honoraria fee 

Light & Statutory fee 

Professional Charges 

- 

- 

2,900.OO 

- 

- 

2900.00 

6 

0 

ii) 

iii) 

Local conveyance 

Travelling Expenses (India) 

Travelling Expenses (Abroad) 

2,581.OO 

- 

- 

2,581.OO 

Printing & Stationery 

Postage, Telegram including air freight 

Telephones & telex 

178.00 

- 

13.024.00 

13,202.OO 

8 

Audit fee 

a) For taxation 

b) For other services 

Reimbursement of Travelling & out of pocket expenses. 

- 

i) Entertainment Expenses 

ii) Tender bond expenses 

iii) Member fee 

iv> Publications 

v) Other Miscellaneous expenses 

vi) Sundry balances written off 

vii) Staff recruitment expenses 

viii) Deficit from Seminars/Training Organised (Net) 

- 

191.00 

- 

_.. 3 3 

, 191.00

GROUPINGSCHEDULE - 

Sub-Total (l&s.> 

Total tRs.1 

NCE CHARGES 

3- 

i> Interest on deferred credits 

ii) Penal interest on deferred credits 

b) P 

9 Guarantee commission, 

ii> .Bankcharges 

dprior 

a) Debits (Iteniwise) 

b) Credits (Itemwise) 

c) Net Balance (a - b) 

- - 

- - 

- - 

- - 

- - 

- - 

- - 

sd/- 

CHAIRMAN - NHAI 


WnistryofStnfaceTranspcut) 

NOTES FORMING THE PART OF BALANCE SHEET 

& PROFIT & LOSS ACCOUNT 

Note1 - No debts/Loans and Advances were due from Members of the Authority 

Note2 - The maximum amount due from Members of the Authority at any time during the year is ‘Nil’. 

Note3 ‘- Grants in aid received during 1989-90 has been treated as other Income under Schedule 11. 

N-4 - Payment of rent in respect of office accommodation has been accounted/made on provisional basis to IRCC Ltd. 

Note5 - Payment made on account of telephones includes, telephone charges prior to 15 June 1989 1. e. prior to the period 

of incorporation of the Authority. 

Note6 - Previous year’s figures have not been given as this is the fii year’s account. 

TQ, 

Sd/- 


32

The Secretary to the Govt. of India 


Transport Bhawan, Sansad Marg, 

New Delhi - 110 001. 

Sir, 

SUbjCCt:AUditRepaa(OtlthC acco&mmofNational~~~Au~ofIndia, 

NewD&fnrtheyeara1990-91~1994-!25. 

. 

,, 

I am to forward herewith a copy of the account&of the National Highways Authority of India for the years 1990-91 to 199495 duly certified 

together with the Audit Report thereon for necessary action under Section 24 of the National Highways Authority bf India Act, 198% 

2. It is requested that the date of presentation of the Accounts and the Audit Report to Parliament may kindly be Intimated. After the 

Report is presented to Parliament, 25 copies of these documents as presented may kindly be furnished to this office and one copy may also 

be sent to the office of the Comptroller & Auditor General of India. 

~ 3. The receipt of this letter may kindly be acknowledged. 


(Rekha Guzi 


And Ex-officio Member, Audit Board - I, 

New Delhi. 

Encl : As above. 

No. RS/4-24/95-96/NHAI/A/C’s/710. 

Dated : 2Q.02.1997 

1. Copy toge(her with a copy of the Audit Report as issued to the Govt. of India, Ministry of Surface Transport, New D&i farwarded to 

the 

India, New Delhi, It is requested that the said report may kindly be tr~ted as secret till the 

same is presented to‘Parliament as required under Section 24 of the National Highways Authority of India Act, 1988. 

Sd/- 

tRekha Gupta) 


And I.?x-officIo Member, Audit Board - I, 

New Delhi 

33



‘NATIONAL HIGHWAYS AUTHORITY OF INDIA FOR THE YEAR 1990-91. 

APPENDIX - IV B 

The National Highways Authority of India (the Authority) was constituted on 13 June 1989 under Section 3(l) of the National Highways 

Authority of India Act, 1988&e NHAI Act) mainly to survey, develop, maintain and manage the National Highways, to construct offices 

or workshops, to establish and maintain hotels, restaurants and rest rooms at or near the highways vested in or entrusted to it, to regulate 

and control the plying of vehicles, to develop and provide consultancy and construction services and collect fee for services or benefits 

rendered, in accordance with Section 16 of the Act. 

The audit of accounts of the Authority has been carried out under Section 19(2) of the Comp$.oller and Auditor General’s (DPC) Act, 1971. 

I_ 

2. capital smcture 

The NHAI Act (Section 12) provides that all non-recurring expenditure incurred by or for the Central Government or in connection with 

the purpose of any National Highway or any stretch thereof, so vested in or entrusted to the Authority and declared to be capital expenditure 

by the Central Government would. be treated as Capital provided by the Central Government to the Authority. No other source of 

additional capital by Central Government or otherwise was provided in the Act. Since its incorporation (1989-90), no national highway or 

stretch thereof has been vested in or entrusted to the Authority by the Government in terms of Section 11 of the Act. Therefore, there was 

no capital at the end of the year. 

3. Fund 

’ The Act provides for creation of the National Highways Authority of India Fund (NHAI Fund) into which shall be credited grants, loans, 

borrowings and any other sum received by the Author&y. Expenses of t.hqAuthorlty in d&charge of its functions, expenditure on establishment 

and other expenses are to be met from this fund having regard to the purpose for which such grants, loans or borrowings are received. 

Accordingly NHAI Fund was created during the year and expenditure of the Authority met out of it. 


During this year also there-was no business activity. The Authority incurred an expenditure of Rs. 5.48 lakhs on its establishmentagainst the 

grant of Rs. 10.00 lakhs accounted for by it on receipt basis. 

5. s-FlnandalReaults 

The summarised financial results of the Authority during the last two years were as under : 

IJAB= 15 June 1989 to 1990-91 

31-March 1990 

Capital 

Reserves & Surplus 

4.81 

3 

: 

Borrowings 

cunentIiabilities% F?cw%om(exdudingprovlsionfor~~. 

2.09 1.41 

Provision for gratuity 

Total 

s 

2.09 6.22 

ASSETS 

FIXED ASSETS - Gross Block 

Less Accumulated Depreciation 

Net Block 

Investments 

Current Assets, Loans and Advances 

Misc.Expenditllm@&itBalanceofFloRt&LossL4/c~ 

Capital Employed (h + j - d> 

NetWorth(a+b-k) 

Working Capital (j - d) 

1.43 

0.66 

2.09 

(-)0.66 

[j ;:gj 

cRupeesInhkhS~ 

1.08 

0.11 

0.97 

5.25 

6.22 

4.81 

4.81 

3.84 

34

6. uquidity 

The percentage of Current Assets to Current Liabilities increased from 68.4 at the end of 1989-90 to 332.3 at the end of 1990-91. 

7. Sour&s and Wlisati~ of Funds 

Funds amounting to Rs. 5.58 lakhs from internal and external sources were generated and utilised by the Authority during the,year as under: 

PARTICULARS 

I. sourcesoffllnds 

Funds from operation 

Profit before tax 

Add depreciation 

Total 

II. Utulsatlonof F u n d s 

Increase in fixed assets 

Increase in working capital 

Total 

8. System of Accounting And internal Control 

, The Authority has nk framed its Accounting Manual, Tariff for services, and system of Internal control. 

,9. Comments on Accounts .’ 

5.47 

0.11 

AMOUNT (Rs. in L+hs> 

5.58 

1.08 

4.50 

5.58 

Income 

Other Income (Schedule 11) Rs. 10.00 lakhs 

The above amount representing grant sanctioned and released by the Government of India, Ministry of Surface Transport in March 

1990 for meeting expenditure on establishment of the Authority for the financial year 1989-90 as also mentioned in Para 8 of the 

Audit Report on the accounts of the ‘Authority for 1989-90, should have been credited to NHAI fund as per Seaon 18 of the N H 

A I Act 1988 instead of crediting the grant to P&L Account. /1 

The Authority has not furnished the utilisation certificate of grant to Government of India as required in 

.r 

terms of the sanction and 

sought the orders of the sanctioning authority on unutilized grant. 

The grant sanctioned to meet the expenditure for the year 1989-90 was utilized for meeting the establishment expendimre for the year 

1990-91 without the approval of the Sanctioning Authority. 

Though the Authority has not been exempted from paying income tax yet it has neither filed incoine tax return nor disclosed this 

fact in the accounts. 

io. 

a, 

0.0 

11. 

Accounting Policies 

The Accounting policy No. 1 regarding accountal of grants received from Government on receipt basis@ not in conform@ wi& the 

accrual concept of accounting. 

The Accounting Policy No. 4 provides that the stores and spares would be written off in the year of purchase. The policy does noE 

take into account the actual consumption of stores and spares during the year and is also not in confkmity with the approved format 

of annual accounts. 

General 

previous year9 Figures 

;rhe figures of Rs. 2,08,899 and Rs. 66,379 on 31 March 1990 against ‘Current Liabilities’ and ‘Net Current Assets’ respectively have been 

incorrectly adopted as Rs. 205,899 and Rs. 63,379 in the Current Year’s Annual Accounts. 

sd/- 

35 

(Rekha Gupta) 

Principal Director of Commercial Audit & 

Ex-Offkio Member, Audit Board I 

New Delhi.

I have examined the foregoing Accounts and Balance Sheet of the National Highways Authority of India. I have obtained all the information 

and explanations that I have required and subject to the observations in the separate Audit Report, I certify as a result of my audit that, in 

my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the state Of affairs of the 

Authority according to the best of my information and explanations given to me and as shown by the books of the Authority. 

sd/- 

(Rekha Gupta) 


and Ex-Officio Member, Audit Board - I, 

New Delhi. 

Date : February 20,1997 

Place : New Delhi 

SL. No. 1 to 8 is hformatory 

MANAGEMENT REPLIES TO ’ 

AUDIT REPORT ON ACCOUNTS FOR 

THE FINANCIAL YEAR 1990 -91 

Grant of Rs. 10 lakhs had been credited to NHAI fund and subsequently the same was credited to Profit & Loss account 

as the grant was released to meet the establishment expenditure of the Authority. Remaining amount of grant after 

meeting the establishment expenditure had been retained as NHAI Fund account. 

Since the Authority was not fully operational during the year, certain administrative lapses might have occurred and 

necessary remedial steps have been taken. 

90.9- 

lOUI- 

lalo- 

The Authority has applied for Tax exemption and our application is pending with Central Board of Direct Taxes as the 

only source of receipt is grant from Government of India. 

To conform to the accrual concept of accounting, in the 1 lth Board meeting held on 24.1.97 changes in the accounting 

policy have been made for accounting of grants on accrual basis instead of cash basis. 

In the 1 lth Board meeting held on 24.1.1997, accounting policy No. 4 has been changed as only stationery and other 

items of consumable nature are written off in the year of its purchase and during the year under consideration there is 

no purchase of stores and spares. 

11. - This is a typographical error which is regretted. 

3 6


1, Esatem Avenue, Maharani Bagh New Delhi - 110 065. 

CE SIIEET AS AT 31ST MARCH 199t 

PARTICULARS 

SCHEDULE 

a, G9 

CURRENT 

YEAR as.> 

CT9 

PREVIOUS 

YEAR as.> 

(4 

1. sm1dds Fund 

a) Capital 

b) Reserves & Surplus 

2. - 

a)SecuredI.oans 

b)unsecuredLoans 

Total 

AppllcatkmofFunds 

- - 

2 4,81,343.38 - 

3 - - 

4 ,- - 

4,81,343.38 - 

1.1 Fixed Asllcta 

a) Gross Block 

b) Less Depreciation 

c) Net Block 

d) Capital Work in Progress 

3.czurrultAsacta,LoansafKlAdvances 

a) Inventories 

b> Sundry Debtors 

c) Deposits, Loans 8r Advances 

d) Interest accrued on Investments 

e) Cash & Bank Balance 

~:CumntLhbilitksandProvisi~’ 

a) Liabilities - 

b) Provisions 

Net CZunent Assets 

4. Misc. Expenditure 

(to the extent not written off) 

5.ProtR%LossAccount 

(Debit balance if any> 

~.NO~CSO~ACCOLW 

Total 

Schedules 1 to 18 and Accounting Policies 

Form Part of Accounts. 


Date : 

5 

6 

7 

8 

9 

10 

- 

18 

1,07,553.00 

10,756.OO 

%,797.00 

- 

- 

- 

- 

- 

- 

- 

.- 

11,881.oo - 

26,652.OO - 

4,87,115.33 1,42,519.25 

1,41,101.95 2,08,898.65 

- - 

3,84,546.38 - 66,379.40 

- - 

- 66,379.40 

- - 

4,81,343.38 - 

For and on behalf of the Board of the Authority. 

DGM (Finance) 

2.In-(At- 

sd/- 

sd/- 

3 Chairman 

37

NATIONAL HIGHWAYS ~UTHORETY OF INDIA 

1, Eastern Avenue, Maharani Bagh New Delhi - 110 065. 

Profit ahd Loss Accpunt far the Year End&g 31st March, 1991. 

PARTICULARS 

OJ 

SCEII%DULE 

.@ 

CURRENT 

YEAR Qcs.) 

CD. 

PRB3%3US 

YBAR Qcs.1 

(4 

I. INCOMB 

a) Value of Work done 

b) Other Income 

c) Interest (Gross) 

d) Net Increase/ Decrease in 

Work-in-progress(+)/(-) 

Total -I 


a) Construction Stores/Material consumed 

b) Other stores spares &toll etc. consumed 

,WdErpenses 

a) Personnel & Administrative Expenses 

bj Finance Charges 

c) Deprecation 

Total-II 

Profit/Loss for the year 

Less/Add : Prior Period Items 

net ( + / -) (details to be given) 

Profit/L&s Provision for Taxation 

Net Profit/Loss 

Less : Transfer to Capitai Reserve 

Less : Transfer to other specific 

Reserve/Fund 

Less / Add : Transfer to / Transfer from 

General Reserve ( + / -1 

Less / Add : Surplus / Deficit brought 

forward from previous year 


- 

11 

12 

13 

- 

- 

14 

15 

16 

17 

- 

- 

- 

- 

- - 

10,00,000.00 2,00,000.00 

44J93.70 

- - 

10,44,193.70 2,00,oQo.00 

i- - 

- - 

4,85,712.92 2,66,379.40 

2.00 - 

10,756.OO - 

4,%,470.92 2,66,379.40 

5,47,722.78 - 66,379.40 

- - 

5,47,722.78 - 66,379.40 

- 

- 

- - 

- 66,379x40 - 

4,81,343.38 - 66,379.40 

For and on behalf of the Board of the Authority 

New Delhi : 

W- 

DGM (Finance) 

sd/- 

Chairman 

38


1, Eastern Avenue, Maharani Bagh, New Delhi - 110 065. 

SCHEDULES FORMING PART OF THE BALANCE SHEETS 

AS AT MARCH; 31, 1991. 

cufientyepr 

O-W=) 

Pfcvious year 

,o 

LE - 1 

0 Capital U/S 12 (9 03) 

- - 

ii) Capital U/S 17 

2 

(Additions and deductions since last balance sheet to be 

shown under each of the spedfied heads) 

i) Capital Reserve 

’ ii) General Reserve 

. 

- - 

- 

iii) 

iv) 

National Highways Authority of India fund 

under Section 18 (i) 

Credit balance of P & L A/C 

\ 

4,81,343.38 

- - 

Secured Loans 

.Q Loans from Govt. of India 

ii) 

Loans from Banks 

iii) Othei Loam 

(krekt accrued and due to be shown separately. 

Nature of security to be speeded) 

- - 

4 

Unsecured Loans 

0 Loans from Govt. of India 

i i ) LoansfromBahks 

’ iii) Other kans 

- 


39


1, Rastern Avenue, Mahamni Bagh, New Delhi - 110 065. 

SCHEDULES FORMING PART OF THE BALANCE SHEET 

AS AT 31ST MARCH 1991. 

l- 

DescrlptionoftlleAsset9 Gms Block at cost Depreclatlon 

(et Block 

I P 

Land 

1. Roads, 

Bridges 

0) Freebold 

Oil Leaseholq 

2. plant % 

Machinery 

Rate of 

epreciatio 

A8 at 

1.4.90 

idditiona 

Adjustment, 

Deductions 

for the 

year 

Total 

Costa5 

at 

31.3.91 

Ls at 

.4.90 

For the 

year 

Ldjusted/ 

Ieducted 

Total 

Dep. 

upto 

31.3.91 

As At 

31.3.91 

3. Purr&we 

Fixture 

%ElM 

fit.thJYJs 

10% 

3J73.00 

- 

v73.00 

378.00 

- 

378.00 

3,395.OO 

4. Motor 

W&k3 

5. Air 

Conditioner 

Heaters 

6. of&e 

Equipments 10% 

,03,780.00 

1,03,78O.c 

.0,378.00 - 10,378.Ol 93,402.00 

7. Lab% ’ 

SUl-V~ 

Equipments 

Total - ,07,553.00 1,07,553.c .0,756.00 10,756.Ol 96J97.00 

SCW- 


40

“B(4 

$kL HIGHWAYS AUTHORITY OF INDIA 

-* Delhi - 110 065. .I. 


.4rr AS AT 31ST MARCH, 1991. 

#p A 

cumntyeu 

QW=) 

PlhOlByept 

Nl?f=+ 

6 

_I 

9 Government Securities 

- ,! - 

ii) 

Other than Govt. Securities (Nature to be specified) 

- - 

7 

a 

Current Assets, Loans & Advances 

ltlVCntOrlCS 

(As taken, valued & certified by the management) 

(Method of valuation to be stated) 

0 Tools 

ii) 

Stores & Spares (at cost including in transit) 

iii) Construction Stores/Materials 

iv) 

Work-in-progress (mode of valuation to be statedi 

b. Sundry Debtors 

(Specify separately more than six months and 

less than six months) 

Unsecured 

Considered good (Specify separately 

more than six months) 

c . lxpo&s,Loans%- 

i) Depositi 

ii) 

Advances to Staff 

iii) Advances to Contractors 

iv) 


b) Material Adyance 

Advances to Suppliers 

v) Claims recoverable 

v i ) Prepaidexpenses 

‘vii) Advance Taxes 

viii) Security deposits &, r&ention money 

ix) Advance rent to MTNL 

- - 

- - 

- - 

- - 

- - 

- - 

-, 

- - 

- - 

- - 

- 

- - 

- - 

385.00 

- 

q496.00 

- 

-

d . fntueatacuuedonIn~ 26,652&O 

e. cash%bankbalances 

0 Cash & Cheques in hand including stamps. 

ii) Balances with Scheduled Banks 

- On deposits accounts (mcl. interest accrued & due) 

iii) 


Balances with Non scheduled banks 

- On deposits accounts (Incl. interest accrued) 


- On margin money accounts 

iv) Remittance in transit 

./~ - 

: ?t!r: 73.50 

- 

4,00,000.00 

87,041.83 

- 

- 

- 

- 

1,OOO.OO 

- 

1,41,519.25 

- 

Cunent Liabi.litiea 

0 Liabilities for.sundry creditors 


iii) Un-utilised Grant 

iv) 

VI 

Deposits held on account of others (if applicable) 

a) Employees 


c) Contractors 

d) Suppliers 

Others (to be specified) 

- 

1,41,101.95 

- 

- 

- 

- 

- 

- 

- 

- 

2,08,898.65 

A 

- 

- 

FVOViSiOnS 

9 Provisions for taxes. 

ii) 

iii) 

Provisions for gratuity 

Provisions for heave Salary and Pension Contributions 

iv) Other provisions 

- 

- 

- 

- 

- 

- 

- 

E - 1Q 

Misc. Expenditure to the extent not written off. 

- 

ULE - 11 

Other Income 

Hire Charges 

Grant-in-aid received from Govt. during the year 

Consultancy fee etc. 

6, ~. - 

: 

- 

10,00$00.00 

- 

- 

- 

2,00,000.00 

- 

42

Fee for service rendeled 

Agencycharges 

Surplus from seminan and train@ organiwd (Net) 

Profit on &le of fixed assets written off 

Mi& Receipts 

Total 

- - 

- 

- - 

10,00$00.00 .‘I ’ 2,00,ooo.00 

Interest (Gm.s.9 

Prom banks on deposits 

From employees on advances 

From others 

44J93.70 

- 

- -. 

!I 

- 

- 

- 

ULE - 13 

Net IncreaseDecrease in Work-in-progress 

closing stock 


Less : Opening Stock 

Work - in - Progress 

NetI&rease/Jhxase 

-_ 

-- 

,i li’ 

- 

- 

- 

- 

- 

- 

- 

a 

Electricity Power 19: Fuel 

surveyconsulmcy 

Expenses 

Payment to Contractors 

- - 

- 

- - 

- - 

Escalation claims 

b. 

c 

Repairi%- 

Roa+ & Bridges 

Bl.lUhgs 

Plant, Machinery % EquipnAt 

others 

Insurance 

(Plant, Machinery & &quipments) 

Technical studies & consultancy charges 

Rtseaxh & Development expenses 

Othe=, 

_ 

, 

43 

- - 

- - 

- 

- - 

- - 

- 

- 

-

Personnel B Other administrative expenses salaries, 

wages & other staff benefit 

Salaries, Wages, allowances &bonus 1,89,677.95 

Workmen staff wages & other expenses - 

(Details of salaries, allowances, bonus, welfare - 

expenses incurred on Members/Chairman) - 

Contribution to : - 

Provident Fund - 

Pension & Leave Salary 

20,498.OO 

Others - 

Rent for office accommodation 2,13,480.00 

Rates and Taxes - 

Repairs h maintenance - others 1,170.25 

Insumnce - 

Honoraria fee and other professional charges 

9,700.oo 

Agency 8e Commission charges - 

Travellingexpenses 

16,605.OO 

Printing & Stationery 6,426.67 

Postage & communications 21,061.95 

Advertisement Br publicity - .,.,. I, 

Remuneration to Auditors - 

Misc. Qpenses 7,093.10 

.’ .A: i _ __ 

Total 4,89,712.92 

CE w 

69,981.40 

- 

- 

- 

- 

- 

6,942.OO 

- 

1,69,598.00 

- 

- 

- 

2,900.OO 

- 

2,581.OO 

13,x)2.00 

- 

984.ob 

‘, - 

191.00 

2,66,379.40 

0 I n t e r e s t 

On overdraft 

On Loans from banks 

On Deferred credits 

On Bon&/ Debentures 

On Loans from Govt. of India 

ii) Discounting Charges 

iii) Guarantee Commission / Bank charges 

Total 

17 

‘.L_, Period Adjustments 

a) Debits (Item wise) 

b> Credits (Item wise) 


Total

D 

ii) 

iii) 

BlCctrl&yPoWer8;puel 

Water for works 

Electricity for works 

Power & Fuel (Heavy vehicles & Equipment) 

Repair%--PlantaMa&nely%Rquipment 

i> Tyres, Tubes, Batteries as per Grouping schedule No. 2 

ill 

otherexpenses 

Others 

i> Insurance 

ii) 

iii) 

Construction works Plant & Machinery Heavy vehicles 

Registration expenses (Works) 

Registration expenses (Plant Machinery/Heavy vehicles) 

ING SCit@QULE, - 15 

Personnel & Other Administrative Expenses 

13 sdafks,wages&othasoffbenefRa 

0 Salary& Wages 

ii) 

iii) 

iv> 

VI 

Daily Wages 

Over Time Allowance 

Rent for Residence/Licence fee 

&Bonus 

vi) Incentives 

vii) Transport Subsidy 

viii) Leave Encashment 

b) workmanStaff~elfareErpehses‘ 

-0 Medic&l reimbursement 

ii) Staff Welfare : 

Welfamexpemes 

@) ~j 

, Kitchen, Utensil & Appliances 

iv) LTC 

VI 

Seminar / Training expenses 

Liveries 

3 contribution to: _. 


ii) Pension & Leave Salary 

iii) Others 

! 

45 

L59693.95 

. . 

- - 

- - 

- - 

- -- 

- - 

- - 

- - 

- - 

. . b. 

-. ../ - 

- - 

24,212,OO - 

- - 

- - 

2, :‘, 

- - 

in 

- - 

1,83,905.95 

1' , 

-. - 

- - 

c_: _'I. '1' - 

4,600.OO ^“j .,, - 

1,172.OQ -, ‘., - 

.-_ ‘. - 

5,772.OO 

- 

‘. ^ 

- 

20,498.OO - 

- - 

20,498.OO 

\

RCp&S%--OthCfS 

Office Equipments 

Light vehicles 

Petrol, Oil % Lubricants as per grouping schedule No. 2 

‘Qres, Tubes, Batteries as per grouping schedule No. 2 

Others 

Light Vehicles 

Others 

‘HoSK&W&fee&&paobesaSobl?&W@?Ei 

Fee of liaison work 


Honoraria fee 

Light, & statutoly fee 

Professional charges 

TmeluneBrpenses 


Travelling Brpenses (India) 

TraveIling Expemes Gilmad) 

prfntinsftstptionety 

Postage & Communication 

Printing & stationery 

Postage, Telegram includiug air freight 

Telephones & Telex 

Rem-tiorl to Auditom 

Audit fee 



Reimbursement of Travelling & out-of-pocket expenses 

-s 

Rnterminment ixpenses 

Tenilerbondarpenses 

Membemhipfee 

Publications 

.other-usexpenses 

Sundry balances written off 

vii) statTrekluitmentexpenses 

viii) De&it from seminars / Trg. organized (Net) 

16 

FINANCE CHARGES 

3 Itlmest~DefeKedaedita 

0 Interestondefenedcredits 

ii) Penalinterestondeferredaedits 

hil Gumanfee tbmm&sh%Bank~ 

0 ‘Guamnteemmmissi~ 

iis-charges 

lJ70.25 - 

- I 

- - 

- - 

1,170.25 

- - 

- - 

- - 

9,700.OO - 

- - 

- - 

10,865.OO 

5,740.OO 

- 

6,426.67 

185.40 

2OJV6.55 

- 

- 

- 

9,700.OO 

- 

- 

16,605.OO 

- 

- 

- 

27,48&62 

- 

- 

- 

20.00 - 

- - 

5,300.OO - 

507.50 - 

1,265&I - 

- - 

- - 

- - 

7m3.10 

2,72,232.92 

- - 

- - 

- - 

2.00 - 

4 6

NATIONAL HIGHWAYS AiJTHORITY OF INDIA 

NOTES FORMING PART OF THE ACCOUNTS 

FOR THE YEAR 1990-91 

1. Revenue grant of Rs. 10.00 lakhs sanctioned by Ckkermnent of India, Ministry of Surface Transport to meet the expenditure on 

Establishment of the Authority for year 1~90 was received during the year 1990-91 and accounted for accordingly. 

5. 

Duringtheyearnodebts,l~andadvanceswasgrantedtoMembers/chairman. 

.” 

0 Debts / Loans / advances due from Members / Chairman Nil 

ii) Maximum amount due from Members/ &airman at any time during the year Nil 

The’provision for gratuity has not been made for an employee during the year. The gratuity would be paid in the year of its accrual 

and accounted for accord&&. 

No major commitments entered into by the Authority and remain to 

_ 

be executed as on 31.03.91. 

The amount ,of leave salary and pension contribution was calculated on adhoc basis and provision made accordingly. 

6. Previousyearsflgureshavebeenr~~~~pedwhemverneommry. 

ACCOUNTING POLICIES 

1. 

2. 

3. 

Grant received from Government of India, o&r organisation shall be accounted for in the year of its receipt. 

Depreciation has been provided based ‘on w&en down value method and the rates of depreciation are as per Income 

Tax Rules, 1962. 

Depreciation on additions to fixed assets have been charged for the full pericd irrespective of the date and month of installa6on/ 

completion. 

4. Stoics and spares are written offhthe year of purchase. 

.‘ 

For 

and on behalf of the Board of the Authority. 

SC% w- 

Date: DCM (Finance) Chaiin 

Place : New Delhi. 

* ‘, ,#” 

/’ * 

47

AUDIT REPORT ON THE ACCOUNTS OF NATIONAL 

HIGHWAYS AUTHORITY OF INDIA FOR THE yEAR 1991-92. 

1. Introduction 7’ % 

APPENDIX - IV C 

The National Highways Authority of India (the Authority) was constituted on 15 June 1989 under Section 3(lI of the National Highways 

Authority of India Act, 1988(the NHAI Act) mainly to survey, develop, maintain and manage the National Highways, to construct offices 


and control the plying of vechicles, to develop and provide consultancy and construction services and collect fee for services or benefits 

rendered, in accordance with Section 16 of the Act, 

The audit of accounts of the Authority has been ca&$$out under Section 19(2) of the Comptroller and Auditor General’s (DPC) Act, 1971. 

;‘i 

+.:yf 

,*, -*t 

I ‘& 

2. Capital Structure ‘.. 

‘5’ 

At 

‘I.. 

The NHAl Act (Section 12) provides that all non-recurring expenditure incurred by or for the Central government for or in connection with 

the purpose of any National Highway or any stretch thereof, so vested in or entrusted to the Authority and declared to be capital expenditure 

by the Central Governnlent would be treated as Capital provided by the Central Government to the Authority. No other source of 

additional capital by Central Government or otherwise was provided in the Act. Since its incorporation (1989~90), no National Highway or 

stretch thereof has been vested in or entrusted to the Authority by the Government in terms of Section 11 of the Act. Therefore, there was 

no capital at the end of the year. 

3. Fund 

The Act provides for creation of the National Highways Authority of India Fund (Nl-L4l Fund) into which shall be credited grants, loans, 

borrowings and any other sum received by the Authority. Expenses of the Author& in discharge of its functions, expenditure on establishment 

and other expenses are to be met from this Fund having regard to the purpose for which such grants, loans or borrowings are received. 

4. SourceofIncome 

During this (third) year also there was no business activity. The Authority incurred an expenditure of Rs. 7.07 lakhs on its establishment 

against the receipt of grant of Rs. 153 lakhs on which Authority earned an interest of Rs. 9.22 lakhs. Government of India is reported to have 

withdrawn the grant of Rs. 160 laks (presumably the grant including interest thereon.) 

LIABILITIES 15th June, 1989 

Capital 

c Reserves&Surplus ” 

Borrowings 

: Current Liabilities ‘Br .’ 

Provisions (exluding provision for gratuity) 

d Provision for gratuity 

Total 

ASSETS 

PIXED ASSETS - Gross Block 

ii Less Accumulated Depreciation 

@ Net Block 

Investments 

; 

Current Assets, Loans and Advances 

W. Misc. Expenditure (including Debit 

Balance of Profit & Loss A/c 

Total 

Capital Employed (h+j-d) 

Net Worth (a+b-k) 

Working Capital (j-d) 

1990-91 1991%! 

wazl1990 

- - 

- 4.81 - 

- - - 

2 . 

- 

0 9 1.41 161.03 

- 

2.09 6.2; 161.03 

- 1.08 1.45 

- 0.11 0.24 

- 0.97 1.21 

- - - 

1.43 5.25 159.79 

0.66 - 0.03 

2.09 6.22 161.03 

(-10.66 4.81 C-1 0.03 

(-10.66 4.81 C-1 0.03 

(-10.66 3.84 (-) 1.24 

48

6. 

The percentage of Current Assets to Current Liabilities increased from 68.4 at the end of 1989-90 to 372.3 at the end of 1990-91 and then 

decreased to 99.23 at the end of 1991-92. 

7. Sources and~Ut&ation of F’unds 

Funds amounting to Rs. 7.37 lakhsfrom internal and external sources were generated and utilized by the Authority during the year as under: 

PARTICULARS 

AMOUNT 

@.inLakhs) 

I. sourceaoffllnds 

a. Funds from operation Profit 2.15 

before tax and Depreciation 0.14 2.29 

b. Decrease in working capital 5.08 

Total 7.37 

II. U~tlondPunds 

Increase in fh+ed assets 0.37 

Withdrawal of grants (net) 7.00 

Total 7.37 

a. System of Accounting and Internal Control 

The Authority has not framed its Accounting Manual, Tariff for services, and system of Internal Control. 

9. 

aI 

Comments on Accounts 

profit’ 

a 

EXPENSES 

PersonnelandAdflllnistra the czqemes RS. 6,93,614.38 

The above amount includes Rs. 19,645.90 towards salary and allowances in respect of Chairman of the Authority which should have 

been shown distinctly in the notes forming part of the accounts. 

00 

Though, the Authority has not been exempted from paying income tax yet it has neither filed income tax return nor disclosed this 

fact in the accounts, 

10. 

Accounw Policies 

c.0 

00 

The Accounting policy No. 1 regarding accountal of grants received from Government of India on receipt basis has neither been 

followed nor it is in confirmity with the accrual concept of accounting. 

The Accounting PolicyNo. 4 provides that stores and spares would be written off in the year of purchase. The policy does not take 

into account the actual consumption of stores and spares during the year and is not in conformity with the approved format of 

annual accounts. 

.%I/- 

(Rekha Gupta) 



New Delhi. 

49


and explanations that I have required and subject to the observations in the separate Audit report, I certify as a result of my au&t that, in my 

opinion these Accounts and Balance Sheet are properIy drawn up so as to exhibit a true and fair view of the state’of affairs,of the Authority 

according to the best of my information and explanations given to me and as shown by the books of the Authority. 

Dated : February 20,&97 


Sd- 

(RekhaGupta) 



New Delhi 

i 

MANAGEMENT REPLIES TO AUDIT REPORT ON ACCOUNTS 

FOR THE FINANCIAL YBAR 1991 - 92 

Salary & perquisites of the Chairman & Members of the Authority henceforth will be shown distinctly in the notes forming 

part of the accounts. 

Sl. No. 1 to 8 is informa- 

9com- 

The Authority has applied for Tax exemption and our application is pending with Central Board of Direct Taxes. 

To conform to the accrual concept of accounting, in the 1 lth Board meeting held on 24.1.97 changes in the accounting policy 

have been made for accounting of grants on accrual basis instead of cash basis. 

lo(R- 

W.O- 

In the 11th Board meeting held on 24.197, accounting policy No. 4 has been changed as only stationery and other items of 

consumable nature are written off in the year of its purchase and during the year under consideration there is no purchase of 

stores and spares.



BAhU’JCE SWBBT AS AT 31ST MARCH 1992. 

PARTICULARS 

aI 

sourceofpunds 

1. !3hareh01del% Fund 

a) Capital 


2 . Bomwings 

a) Secured Loans 

b) Unsecured Loans 

Total 

SCHEDULE 

c9 

CURRENT 

YEAR as.> 

CD 

PREVIOUS 

YEARm.) . 

(4 

1 - - 

2 - 4,81,343.38 

3 \ - - 

4 - - 

4,81,3&M 

1. FIxedA38em 


b) Less : Depreciation 

c> Net Block 


2. InwstpDkntcAt~ 

3. curmltA88em,LoaM 

8ndAd& 


b) Sundry Debtors 

c) Deposits, Loans & Advances 

‘d) Interest accrued on Investments 

e) Cash & Bank Balance 

5 

1,45,347.8! 1,07,553.00 

24,215.OO 10,756.OO ’ 

1,21,132.81 %,797.00 

- - 

6 

- - 

7 - - 

- - 

- 

5,915.oo 

11,881.OO 

3,02,326.57 26,652.OO 

1,56,70,279.24 4,87,115.33 

a) Liabilities 8 

b)Provisions 9 

1,61,02,937.55 

- 

1,41,101.95 

- 

- 1,24,416.74 3,84,546.38 

4. Mbc. Expenditure (to the extent not written of0 

5. Pm& ‘& Loss Account (Debit balance if any> 

6. NOtC8O!lACCOWQl 

TOtd 

Schedule 1 to 18 and Accounting Policies 

form Part of Accounts. 

10 - - 

3,283.93 - 

18 

4,81,343.30 


New Delhi 

Date : 

sd/- 

DGM(Pinance) 

sd/- 

Chairman 

51



PROFIT AND LOSS ACCOUNT pCJE( THE YEAR ENDING 31ST MARCH, 1992 

PARTICULARS 

al 

I. INCOME 

3 Value of Work done 

b) Other income - 


, Net Increase/Decrease in 

Work-in-progress (+) / (-1 

SCHEDULE 

CD 

CURRENT PREVIOUS 

YEAR cm.> YEAR @.I 

c3) (4 

- - - 

11 - 10,00,000.00 

12 9,22,446.07 

13 - 

44,193.70 

- 

Total -1 9,22,446.07 10,44,193.70 

II. 

3 

b) 

d 

EXPENDITURE 

Construction Stores / 

Material Consumed 

Other stores, spares & 

toll etc. consumed 

wcdcExpems~ 

Personnel & 

Administrative Expenses 15 6,93,614.38 

Finance Charges 16 - 

Depreciation 

13,459.oo 

Total -II 


Less/Add : prior Period 

Items net (+ / -) 

(details to be given) 

Profit/Loss Provision for 

Taxation 

Net Profit/Loss 


Less : 

Transfer to other specific 

Reserve/Fund 

Less/Add : Transfer to/Transfer from 

General Reserve (+ / -) 

Less/Add : Surplus/Deficit brought forward 

from previous year 

Surplus/Deficit carried to ‘Balance Sheet 

- - 

- - 

14 - 

7,07,073.38 

2,15,372.69 

4,85,712.92 

2.00 

10,756.QO 

&%A7092 

5,47,722.78 

17 - - 

- 

2,15,372.69 

- 

- 

5,47,722.78 

- 

7,00,0@0.00 - 

- 

4,81,343.38 - 66,379.40 

3,283.93 4,81,343.38 

- 


New Delhi Sd/- sd/- 

Date : DGM(Finance) Chairman 

52

NJ$TI~N& HIGWAYS AIJTHOWITY OF ‘INDIA 


SCHEDULES FORMING PART OF 

THE BALANCE SHEET AT 31ST MARCH, 1992 

i> Cap&I U/S 12 (i> (b) 


- - 

- - 

(additions and deductions since last balance sheet to be 

shown under each of the specifkd heads) 

i> Capital Reserve 

ii) 

General Reserve 

- - 

- - 

iii) National Hiways Authority of India Pund - 

under Section 18 (i) - 4,81,343.38 

iv) Credit balance of P & L A/C - - 


ii) Loan from Bai-ks 

iii) Other ‘Loans 


Nature of security to be specified.) 

Uaacound~ 

i> Loans from Govt. of India 

ii) Loans from Banks, 


(Interest accrued and due to be shown separately.) 

- 

- 

- 

- 

- 

- 

53


1, Eastem Avenue, MahamniBagh,NewDelhi-110065 


AS AT 31ST MARCH 1992. 

Grossl3ltiatcost 

Tcdsl 

ca4l 

at 

31392 

T 

Asat 

1.49l 

Depreci 

Fcrdre 

F 

on 

z 

Tocal 

na 

w 

31392 

Net Block 

A8At 

3L39.2 

Land 

1. Roads, Bridges 

0 Freehold 

0 Leasehold 

2. plant It 

Machinery 

3. Furniture 

Fixture 

& Electrical 

fittings 

10% 

1,773.oa 

4,999.50 

8,772.50 

378.00 840.00 

- 1,218.OO 7,s54.50 

4. Motor 

Vehicles 

-’ 

- 

5. Air 

Conditioned 

Heaters 

6. Office 

Equipments 

la6 

mm 

379531 - 

ufm3~ 

=@9.@l 

u3m3~ 

Total 

sd/- 

CHAIRMAN 

54

NATIONAL HIGYWAYS AUTHORITY OF, INDIA 

3,ItwtemaA~ue,MnslaraniBagh,NewDdlhi-110065 


AT 31ST MARCH, 1992. 

Invamea at coet) 


ii) 


- - 

- - 

SCHEDULE-7 

a. 

0 

ii) 

iii) 

iv> 



Tools 

Stores & Spares (at cost including h transit) 

Construction Stores/Materials ’ 

Work - in - progress (mode of valuation to be stated) 

- - 

- . - 

- - 

- - 

c . 

b. Sundry Debtors 

i> 

ii) 

iii) 

iv) 

VI 

vi> 

vii) 

(Specify separately more than six months-and less than six months) 

Unsecured 

Considered good (Specify se@arately more than six months) 

DVfh-%- 

Deposits ’ 


Advances to Contractors 




Claims recoverable 

~dexpenses 

AdvanceTaxes 

- - 

- - 

- - 

- - 

- - 

. 

- - 

- - 

- - 

5,915.OO 385.00 

“r, ‘. .a “a 

- -’ 

viii) Security deposits % retention money - - 

ix) Advance rent to MTNL - 11,496.oo 

55

302,326.57 26,652.OO 

d . rritemteoeruedonc 

cash%tJank- 

0 Cash 8s Cheques in hand including stamps 

ii) Balances with Scheduled Banhs 


Oncl. Interest accrued % due 

iii) 


Balances witb Non scheduled banks 

- On deposits accounts (incl. Interest accrued) 




277.10 73.50 

1,51,41,051.00 4,00,000.QO 

5,28,951.14 87,041.83 

Current Lipbilities 

0 Liabilities for sundry creditors 




a) Employees 



d) Suppliers 

VI 

Others (to be specified) 

- - 

1,61,02,937.55 1,41,101.95 

- - 

- 

- 

- 

- 

- - 

m--9 

Provisions 

9 Provisionsfortaxes 


iii) Provisions for Leave Salary and 

Pension contributions 


- - ’ 

- - 

- - 

- - 

Misc. Expenditure to ,the extent not written off. 

Other Income 

Hiie Charges 

Grant - in - aid received from Govt. during the year 

- - 

- 

- 10,00,000.00 

56

.,., _.. . I 


Fee for service rendered 

Asencycharges 

Surplus from seminars and training organised (Net) 

Profit on sale of fiied assets written off 

Misc. Receipts 

Total 

-4 


Prom banks on deposits 

prom employees on advances 

From others 

Net Increase/Decrea.se in Work - in - progress 

closing Stock 

Work - in - Progress 



Net Increases 

a. WdCBxpensesCtC. 


Survey Expenses 

consultancyExpenses 

Payment to Contractor 


b . Repair%MaWemwe 

Roads 8s Bridges 

Buildings 

Plant; Machinery & Equipment 

c . others 

-: 

(Plant, Machinery & F!quipments) 

Techinical studies & consultancy charges 

Research % Development expenses 

Others 

ciunentyear 

CIhrpacs) 

-Y= 

Otupocs) 

- 

- 

- - 

- 

- 

- - 

10,00,000.00 

9,22,446.07 

44,193.70 

- - 

- - 

- - 

- 

- 

- 

- 

- 

- .- 

- - 

- - 

57 

i 

-

Personnel EQ Other administrative expenses salaries, 


Salaries, Wages, allowances & bonus 

Workmen staff wages & other expenses 

(Detalls of salaries, allowances, bonus, welfare 

expenses incurred on Members/Chatin) 

Contribution to : 

Provident Fund 


Others 

Rent for office accommodation 


Repairs & maintenance - others 

Insumnce .r 


Agency & Commission charges 

Travelling expenses 


Postage 8s communications 

Advertisement & Publicity 

Remuneration to Auditors, 

Misc. Expenses 

Total 

3,57,048.00 1,89,677.95 

- - 

- - 

- 

9,483.20 

26,847.90 

6649.05 

1,88,778.00 

- 

3,813.OO 

- 

7,200:OO 

- 

35,454.20 

3,775.48 

41,214.45 

1,002.oo 

- 

12,349.10 

6,93,614.38 

- 

20,498.OO 

- 

2,13,480.00 

- 

1,170.25 

- 

9,700.oo 

- 

16,605.OO 

6,426.67 

21,061.95 

- 

7,093.10 

4,85,712.92 

SCHEDULE - 16 FINANCE CHARGES 

i> Interest 

On over draft 



On Bonds/Debentures 

On Loans from Govt: of India 


iii) Guarantee Commission/Bank Charges 

8uiEDuLR-17 

Period Adjustments 


b) Credits (Item wise) 

c) Net Balance (a - b> 

- - 

- - 

- - 

- - 

- 2.00 

- - 

- - 

- - 

58

Sub-Total - Total 

Qasxrs> 

Qhtpaes), 

%etrldtyPower%Puel 

i) Water for works - - 

ii) Electricity for works 

iii) Power & Fuel (Heavy vehicles & Equipment) 

- - 

Repair&V-Plants 

- 8: Erluipmcnr 

i) ‘Qres, Tubes, Batteries as per Grouping schedule No.2 - - 

ii) other expenses - - 

Others 

0 Insurance 

Construction works Plant & Machinery/Heavy vehicles - - 

ii) Registration expenses Works) - - 

iii) Registration expenses (Plant, Machinery/Heavy vehicles) - - 

r3 

!sldarb,wpges%otherstaffben~ts. 

0 Salary & Wages 

ii) Dally wages 

iii) Over Time Allowance 

iv) Rent for Residence/Licence fee 

v) Bonus 

~9 Incentives 

vii) Transport subsidy 


b) Workman Staff Welfare Bxpemus 

i> Medical~eimbursement 

ii) Staff Welfare 

wiilfareexpenses 

Kitchen, Utencil & Appliances 

iii) Seminar / Training expenses 

iv) LTC 

VI Liveries 

3,23,979.95 - 

- - 

- - 

20,517.70 - 

- - 

- - 

- - 

- - 

3,44,497.65 

7,550.35 - 

- I - 

- - 

- - 

5,ooo.oo - 

- - 

- - 

12,550.35



ii) Pension &r Leave salary 

iii) Others 

Repah%Mi3hmam-others. 



Petrol, Oil & Lubricants as per grouping schedule No. 2 

Tyres, Tubes, Batteries as per grouping schedule No. 2 

Others 

Sub-Total 

@F-l 

9,483.20 - 

26,847.90 ,- 

6,649.05 -. 

42,980.15 

3,813.OO - 

- - 

- - 

- - 

3,813.OO 

3 

9 

3. 

i> 

ii) 

0 

i> 

li) 

iii) 

iv) 

VI 

3 

ii) 

iii) 

.: 

ii) 

iii) 

0 

(9 

$ 

ii) 

; 

ii) 

iii) 

iv) 

VI 

vi> 

vii) 

viii) 


Others 

Hononuiafee%otherprafeasionalcharges 

Fee of liasion Work 


Honoraria fee 

Light, & Statutory fee 


Travellins BEpenses 




Prhtlng % stadonery Postage % Communication 




RemunerationtoAuditors 

Audit fee 

For taxation 

For other services 

Reimbursement of Travelling & out of pocket expenses 

- - 

Entertainment Expenses 

Tender bond expenses 

Membership fee 

Publications 

Other miscellaneous expenses 


Staff recruitment expenses 

Deficit from Seminars/Trg. organised (Net) 

GRoUPINGSCHEDULE 


3 IntucstonDefuredcredim 

3 Interest on deferred credits 


b) Guarantee cbmmlmion%Bankcharges 

9 Guarantee commission 

ii) Bankcbarges 

- - 

- - 

7,200.OO - 

- - 

- - 

7,200.OO 

22,063.70 - 

13,390.50 - 

- 

35,454.2; 

3,775.48 - 

121.00 - 

41m3.45 - 

44,989.93 

- - 

- - 

- - 

- - 

- - 

10,725.OO - 

1,107.oo - 

517.10 - 

- - 

- , - 

- - 

12,349.lO 

5,03,834.38 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

Vd’ 

3 Debits (Item wise) 

b) Credit (Item wise) 

cl Net Balance (a - b> 

60

:. 

NATIONAL HIGHWAYS ‘AUTHORITY OF INDIA 

NOTES FORMING PART OF ;rHE ACCOUNTS \ 

FOR THE YEAR 1991 - 92. 

1. 

2. 

During the year a grant Rs. 153 lakhs was received from the Government of India, Ministry of Surface Transport 

against which Government has called back Rs. 160 lakhs during the year itself. Pending the actual refund Rs. 160 

lakhs, the same has been treated as current liability and provided for in the year under consideration. The’ excess 

refund of grant has been adjusted out of the balance av@able in the National Highways Authority Fund. The excess 

refund resulted in negative balance of Rs. 3,283.93. 

During the year no debts, loans and advances was granted to Members / Chairman. 

, 

i> Debts/Loans/advances due .from Members/Chairman N i l 

ii) Maximum amount due from Member& Chairman at any time during the year Nil 

3. 

4. 

5. 

6. 

The proviaioh for gratuity has not been made for an employee during the year. The gratuity would be paid in the year 

of its accrual and accounted for accordingly. ., ‘I 

No major committients entered into by the Authority and remain to be executed as on 31.0592. 

The amount of leave salary and pension contribution was calculated on adhoc b&is and provision made accordingly. 

Previous years figures have been regrouped wherever necessary. 

AiCOUNTING POLICIES 

1. 

2. 

3. 

Grant received from Government of India other organisation shall be accounted for in the year of its receipt. 

Depreciation has been provided based on written down value method and the rates of depreciation are as.per Inconie 

Tax Rules 1962. 

Depreciation on additions to fixed assets have been charged for the full period irrespective of the date and month of, 

installation/completion/erection. 

4. Stores and spares are written off in the year of purchase. 


Sd/- 

DGM (Finance) 

sd/- 

CK&l?man

-AUDIT REPORT ON THE ACCOUNTS OF NATIONAL 

HIGHWAYS AUTHORITY OF INDIA FOR THE YRAR 1992 - 93. 


APPENDIX - IV D 


Authority of India Act, 1988(the NHAI Act> mainly to survey, develop, maintain and manage the National Highways, to construct offices 




The audit of,accounts of the Authority has been conducted under Section 19(2) of the Comptroller and Auditor General’s (DPC) Act, 1971. 




expenditure by ,the Central Government would be treated as Capital provided by the Central Government to the Authority. No other 

source of additional capital by Central Government or otherwise was provided in the Act. Since its incorporation (1989-90), no national 

highway or stretch thereof has been vested in or entrusted to the Authority by the Government in terms of Section 11 of the Act. Therefore, 

there was no capital at the end of the year. 

3. Fund 

The Act provides for creation of the National Highways Authority of India Fund (NHAI Fund) into which shall be credited grants, loans, 

borrowings and any other sum received by the Authority. Expenses of the Authority in discbarge of its functions, expenditure on establishment 


4, Source of Income 

During this (fourth) year also there was no business activity. The expenditure of Rs. 3.28 lakhs incurred on establishment during the year was 

met from interest income (Gross) of Rs. 8.23 lakhs, being the only source of income for the year. Comment No. 9A(i> refers in this regard. 

5. Surnmarised Financial Results 

The summarised financial results of the Authority during the last three years were as under. : 

LIABILITIES 

a. Capital - 

b. Reserves & Surplus. 

C. Borrowing 

d. Current Liabilities & 

Provisions (excluding Provision for gratuity) 

e. Provision ‘for gratuity 

(lwee3inlakhs~ 

199091 199192 1992-93 

- - 

4.81 - 4.91 

- - - 

1.41 161.03 0.16 

- - - 

Total 6.22 161.03 5.07 

ASSETS 

f. Fixed Assets - Gross Block 

g. Less Accumulated Depreciation 

h. Net Block 

1. Investments 

j. Current Assets, Loans & Advances 

k. Misc. Expenditure (including Debit 

Balance of Profit & Loss Account) 

T o t a l 

Capital employed (h + j - d) ‘I 

Net Worth (a,+b-k) 

Working Capital (j - d) 

’ 

62 

1.08 1.45 

0.11 0.24 

0.97 1.21 

- - 

5.25 159.79 

- 

6.22 

4.81 

4.81 

3.84 

0.03 

161.03 

C-1 0.03 

C-1 0.03 

(-) 1.24 

1.45 

0.36 

1.09 

- 

3.98 

- 

5.07 

4.91 

4.91 

3.82

,. 

6 . Liqtlfdfty 

The percentage of Current Assets to Current Liabilities, which is a measure of liquidity decreased from 372.3 at the end of 1990-93 

to 99.23 at the end of 1991-92 and then increased to 2487.5 at the end of 1992-93. 

7. Sources and UU8ation of Funds 

Funds amounting to Rs. 5.06 lakhs from internal and external sources were generated and utilised by the Authority during the 

year as under : 

PARTICULARS 

I. Source6offundn 

a. Funds from operation 

Profit before tax 4.94 

Add depreciation 0.12 

AMOUNT 

@,in.Laklls)- 

Total 5.06 

II. Utilization of Funds 

Increase in working capital 5 . 0 6 

Total 5.06 

8. System of Accounting and Internal Control 


9. Comments on Accounts ’ 

0 Profit & Loss Account 

Income 

(0 Other Income (Schedule 12) Rs. 8,22,607.43 

The above amount of Rs. 8.23 lakhs representing interest earned on unutilised capital grants should have been.accounted for as 

capital grant instead of ‘Other Income’ The contention of the Authority that the amount represents interest on unutilised revenue 

grant is not tenable as the grant in question was meant for purchase of vehicles, office equipment and office accommodation which 

are of capital nature. 

Expenditure - Work Expenses 

0 Personnel and Admn. Expenses (Schedule 15) Rs. 3,15,942.19 

The above includes Rs. 12,691 recoverable from an officiaI%wards private tekzphofte calls made from the telephone installed at the 

residence. .This has resulted in overstatement of Personnel and Admn. Expenses and understatement of Loans and Advances and 

profit for the year by Rs. 12,691. 

CB) Accounting Policies 

(i) The Accounting policy No. 1 regarding accountal of grants received from Government of India on receipt basis is not in confirmity 

with the accrual concept of accounting. 

Y 

(ii) The Accounting policy No. 4 provides that stores and spares would be written off in the year of purchase. The policy is not in 

-conformity with the approved format of annual accounts and does not take into account the actual consumption of stores and 

spares during the year. 

63

CC) General 

Though thdAuthority.haS not been exempted from paying income tax, yet it has neither filed income tax return nor disclosed 

this fact in the accounts. 

Sd/- 

(Rekha Gupta) 



New Delhi 

I have examined the foregoing Accounts and Balance Sheet of the National Highways Authority of India. I have obtained all 

the information and explanations that I have required and subject to the observations in the separate Audit Report, I certify 

as a result of my audit that, in my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true 

and fair view of the state of affairs of the Authority according to the best of my information and explanations given to me 

and as shown by the books,of the Authority. 

Dated : February 20, J997 


Sd/- 

(Rekha Gupta) 


And Ex-officio Member, Audit Board - I, 

New Delhi 


FOR THE FINANCIAL YEAR 1992-93 

Sl. No. 1 to 8 is informatory. 

This amount in question represents interest earned on unutilised Revenue Grants only -and hence $own under 

1 

the Head “other income”. 

&Al 00 - 

9ma- 

9mo-’ 

9 (C) -’ 

The position mentioned in Audit report is correct and the amount in question has been recovered during the 

year 1993-94. 

To conform to the accrual concept of accounting, in the 11th Board meeting held on 24.1.97 changes in 

accounting policy have been made for accounting of grants on accrual basis instead of cash basis. 

In the 11th Board meeting held on 24.1.97, accounting policy No. 4 has been changed as only stationery and 

other items of consumable nature are written off in the year of its purchase and during the year under 

consideration there is no purchase of stores and spares. 

The Authority has applied for Tax exemption and our application is pending with Central Board of 

Direct Taxes. 

64


1, E&em Avenue, Malwani Bagh, Ne-w DeIhi - 110 065. 

BALANCE SHEET AS AT 31ST MARCH 1993 

PARTICULARS 

SCHEDULE 

0 Co: 

CURRENT 

PRRVIOUS 

Y E A R ORS.) YBAR CBS.) 

8 (4 . 

1. Shareholde&9 Pund 

a) Capital 


2. - 

a) Secured Loans 


Total 

Ag.@i&hofFunds 

1 . PixedAssem 



c) Net Block 


2. InvestmenttcAt 

3. CumntAwets,Lo2nsuldMMnce 



c) Deposits, Loans & Advances 

d) Interest accrued on Investments 

e> Cash & Bank Balance 

~:currenttibllltiCSdPfOViSiOXl!j 

a> Liabilities , 

b) Provisions 

NetCurrentAmets‘ 

4. Misc. Exp&hte (to the extent not written 0ffJ 

5. Pro& % Loss Account (Debit balance, if any) 

6. NOtC?SOll- 

Total ’ 

. 


form part of Accounts. 

10 

18 

- A 

3,81,996.50 -1,24,416.74 

-’ - 

- 3,283.93 

- - 

4,91,015.31 - 

For and on behalf of the Board of me Authority 

New Delhi scv- sd/- 

Date : DGM (Finance) Chairmm 

1 

2 

3 

4 

5 

6 

7 

- 

8 

9 

- - 

4,91,015.31 - 

- - 

4,91,015.31 - 

1,45,347.81 1,45,347.81 

36,329.OO 

24,215.OO 

1,09,018.81 1,21,132.81 

- - 

1,237.50 5915.00 

3,02,326.57 

3,%,882.00 1,56,70,279.24 

16J23.00 1,61,02,937.55 

65


1, I&stern Avenue, MahamniRa&NewDelhi-110065. 

PROFIT AND LOSS ACCOUNT FOR THE YRAR 

ENDING 31ST MARCH, 1993 

PARTICULARS 

SCWEDULE 

0 QJ 

I. INCOME, 

CURRENT 

YEAR cRs.1 

eo 

PREVIOUS 

?%a (Rs.1 

(4) 

3’ Value of Work done 

b) Other Income 

cl Interest (Gross) 

4 Net Increase/Decrease in 


Total-I 


Construction Stores Material consumed 

Other stores, spares & toll etc. consumed 

work &penses 

Personnel & 

Administrative Expenses 

Finance Charges 

Depreciation 

Total-II 

,. 

Profit/Loss for the year , 

Less/Add : Prior Period 

Items net ( + / -1 (details to be given) 

Profit&xs Provision for Taxation 

Net Profit / Loss 

Less : tansfer to Capital Reserve 

Less : Transfer to other specific Reserve/Fund 

Less/Add : Transfer to/ Transfer from 

General Reserve ( + / --> 



Surplus/deficit carried to Balance Sheet 

11 

12 

13 

- 

- 

14 

15 

16 

17 

- 

- - 

- - 

8,22,607.43 9,22,446.07 

- - 

8,22,607.43 9,22,446.07 

3,15,942.19 6,93,614.38 

252.00 - 

12,114.OO 

13,459.oo 

3,28,3OS.19 7,07,073.38 

4,94,299.24 2,15,372.69 

- - 

- - 

4,94,299.24 2,15,372.69 

3,283.93 4,81,343.38 

4,91,015.31 3,283.?1 


Date : 

New Delhi : 

sd/- 

DGM (Finance) 

sd/- 

Chairman 

66 ,,

I+HLmms 

!,,BpstcraA=tw~ bf&bmd 

2% OF INDIA 

,wewDeM-11oof?3 

SCHEDULES FORMING PART OF THB BALANCE SHEET 

AT $!&iT &fd%l%CH, 1993. 

9 &pitalU/S 12 0) (b> 


- 

- 

- 

- 


shown under ea& of the specified heads) 

0 Capital Reserve 

ii) General Reserve 

iii) National Highways Authority of India Fund 

iv) 

under Section 18(i) 

Credit, balance of P & L A/C 

4,91,015.31 

- 

- 

- 

- 

I 

seaucdkwns 


ii) 

Luans from Banks 

iii) .Other Loans 

‘Qnterest”accrued and due to be shown separately. 


- - 

- - 

- - 

ScwEDuzEd 

.UWCI@Lwns 

0 Lams from Gqvt. of India 

ii) LoansfromBanlts 


,- _- - 

- - 

- - 


67


1, Rstcm Avenue, Mahamni Bagh, New Delhi - 110 065.’ 


AS AT 31 ST MARCH 1993. 

Descrlprion of ti 

Asiets 

Land 

T GR?SSBlOC!kptCOSt TDepreciation 

T 

Bate of 

lepreciation 

As at 

1.4.92 

Adjustment/ 

Deductions 

for the 

year 

Total 

costas 

at 

31.3.93 

As at 

1.4.92 

For the 

year 

Ldjuated/ 

>educted 

rota1 

Dep. 

upto 

31.3.9: 

Net Block 

As At 

31.3.93 

l.-&Bildgu 

0 Freehold 

0 Leasehold 

2. plant %. 

Machinery 

.- 

- 

3. Furniture 

Fixture 

% Electrical 

fittings 

4. Motor Vehicle 

- 

G9w 

5. Air 

Condkioners/ 

Heaters 

6. Office 

Esuipmentp 

x36 

- 

I 

UWWl 

7.Lab%surw-y 

Equipments 

Total 

- - 

sd/- 

C H A I R M A N 

)’




AT 31ST .MARCH, 1993. 

kpenr 

-year 

@w=l 

Investmentatoost> 


iii 

Other than Govt. Securities 

(Nature to be specified) 

- 

- 

- 

- 

a. 

cuKentAssets,Loans%Advvlces 

(As taken, valued h certified by the management) 


0 Tools - 

ii) Stores & Spares (at cost including ip transit) 

- 

iii) Construction Stores/Materials 

- 

iv) Work-in-Prograss (ma& of valuation to be stated) 

- 

b. SundryDebtors 

- 

c., 


Unsecured 

Considered good @xify separately more than six months) 

0 DepOsits ‘- 

ii> 

De?po&,LoaM&Advanlxa 


iii) Advances to Contractors 

iv) 

VI 





~0 prepaidexpenses 

vii) AdvancesTaxes 


ti Advance rent to MTNL 

..: ,I 

- 

- 

, - 

- 

- 

- 

- 

lJ37.50 

- 

- 

, - 

. 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

5,915.oO 

- 

- 

.- 

69

d . Lnterwaeeruedon 

- 3,02,326.57 

e, C&fb%bodlr~ 

9 Cash & Cheques in hand including stamps 

ii) 

BalancerwithScheduledBar& 

On deposits accounts (incl. Interest accrued & due) 


iii) Balances with Non-scheduled banks 

- On deposits accounts (incl. interest accrued) 




- 277.10 

- i- 

- 1,51,41,051.00 

3,96,682.00 5,28,951.14 

- - 

- - 

- - 

8 

Current I&abilities 

.D Liabilities for sundry creditors 

iii Other habilities 

iii) Un-utihsed~ Grant 

iv) Deposits hold on account of others (if applicable) 

a> Employees 


cl Contractors 

d) Suppliers 

VI Others (to be specified) 

- - 

16,123.OO 1,61,02,937.55 

-. - 

- - 

- - 

- - 

- - 

- - 

, * 

Provi&KU 

0 Provisions forts+?s 

ii) Provisions .&x giant&y 

iii) Provisions for Leave Salary and Pension Contributions 


- - 

- 

- - 

- - 


- - 

70

NATIONAL HIGHWAYS AUTHORITY OF’ INDIA 


SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT 

FOR THE YEAR ENDING 31ST MARCH, 1993. 

Other Income - - 

High Charges 

- - 


-. - 



Ag~cycharges 

Surplus from seminars and training organ&d (Net) 

Pro& on sale of fixed assets written off 


Total 

- 

- 

- 

- 

- 

‘> 

- 

- 

- 

- 

- 

- 

Intonsto3oSS~ 

From banks on deposits 


8,22,607.43 

- 

9,22,446.07 

- 

From others - - 

/ ‘,I ! 

Net Increase/Decrease in Work-in-progress 

Closing Stock 


Less : dpening Stock 

.Work - in - progress 


- 

- - 

- - 

- - 

- 

- 

a. WOlkFkpNCSetc. 






71 

- 

- - 

- 

- - 

- - 

- -

. Rep&&m 

Roads & Bridges 

BuiwG 


c . others 

Iilmlance:- 

(Plant, Machinery & equipments) 

Technical studies % consultancy charges 

Research % development expenses 

- 

- 

- 

- 

- 

- 

- 

- 

- 

Personnel & Other khinistrative expenses salaries, 


Salaries, Wages, allowances % bonus 

Workmen staff wages &other expenses 

(Details of salaries, allowances, bonus, welfare 

expenses incurred on Members / Chairman) 



Pension t Leave salary 

Others 


Rates andTaxes 


I n s - 


Agency % Commission charges 


Printing % Stationery 

Postage & communications 

Advertisement & publicity 

Remuneration to Auditors 


Total 

1,98,817.55 

- 

- 

- 

5,236.80 - 

- 

58,932.50 

- 

3,526.OO 

- 

1,600.OO 

- 

12,384.20 

3,727.24 

20,183$0 

- 

- 

11,534.oo 

3,15,942.19 

3,57,048.00 

- 

- 

- 

9,483.20 

26,847.90 

6, 649.05 

1,88,778.00 

- 

3,813.OO 

- 

7,200.OO 

- 

35,454.20 

3J75.48 

41,214.45 

1,002.00 

- 

12,349.10 

6,93,614.38 

0 Interest 

On over draft 

OnLoansfrombanks 




ii) DiscountingCharges 

ii) Guarantee Commission / Bank charges 

- 

- 

- 

- 

- 

- 

252.00 

- 

- 

- 

- 

- 

- 

- 




c)NetBalance(a-b) 

- 

72

Workf3xpcnm 


0 Water for works 


iii) Power t Puel (Heavy vehicles & Equipment) 

Repair & Maintenance - Plants Machinery & Equipment 

i) Tyres, Tubes, Batteries as per Grouping schedule No. 2 

ii) -Other expenses 

others 

i) Insurance 

Construction works / Plant & Machinery / Heavy vehicles 

ii) Registration expenses (Works) 

iii) 

Registrtion expenses (Plant, Machinery / Heavy vehicles) 

\ 

- 

- 

- 

- 

- 

- 

-’ 

- 

- 

- 

- 

GROUPIhG SCHEDULE - 15 

Personnel % Other Admmsml~Expenses 

3 saIarIes,wages%otllerstaffbenefks 

0 Salary & Wages 

ii) Daily wages 

iii) Over Time Allowance 

iv) Rent for Residence/Licence fee 

’ 

VI Bonus 

vi) Incentives 

vii) Transport subsidy 


b. WorkmnStzffWelfpreBrpensea 

0 Medical reimbursement 

ii) Staff Weifare : 

Welfare expenses 


iii) Seminar / Training expenses 

iv) LTC 

VI Liveries 

C. contdbution to : 


ii) Pension i3 Leave salary 

iii) Others 

d. Repairs%Meir~~-,Others 

i) . Office Equipments 

ii) Light vehicles 



Others 

1,92,817.70 

- 

- 

- 

- 

- 

- 

5,999.85 

- 

7 

- 

- 

- 

- 

5236.80 

- 

- 

3,526.OO 

- 

- . . 

- 

- 

- 

- 

,_.. - 

.- 

- 

- 

1,92,817.70 

- 

- 

- 

- 

- 

- 

- 

5j99.85 

- 

- 

5,236.80- 

- 

- 

- 

3,526.OO 

73

I.&l% Vehicles 

Otheis 

Hoawpi4afee%otherprofesaionalcharges 

Fee of liasion work 


Honoraria fee 

Light, & Statutory fee 


lkzvelline acpenses 




PiWing % stationery Postage It Communication 

Printing & stationery 

Postage, Telegramincluding air freight 


Remuneraticm‘ to Auditora 

Audit fee 




-s 

Entertainment Expenses ’ 

‘I&&r bond expenses 


Publications 




vi&V&&it from Seminars / Trg. organised (Net) 

FINANCB CHARGES 

r3 IntaestonDeferredctedlts 



b. Guarantee-onftBank~ 


ii) Bankcharges 

GROUPING SQiJ$QULE - 

PERIOD ADJUSTMENTS 

r$ Debits (Item wise> 

b) Credit (Item wise) 

cl Net Balance (a-b> 

- - 

1,600.00 - 

- - 

- - 

1.600.00 

12,384.20 - 

- - 

- - 

12,384.20 

3,727.24 - 

78.00 - 

20,105.90 - 

23,911.14 

- - 

- - 

- - 

- - 

- - 

10,425.OO - 

- - 

1,109.00 - 

- - 

- - 

11,534.00 

2,57,009.69 

- 

- 

- 

252.00 

- 

- 

- 

- 

252.00 

- - 

- - 

- - 

74

NATtONAL WK4WlVAYS AUTHORITY OF INDIA 

NOTES FORMING PART OF THE ACCOUNTS 

FOR THE YEAR 1992-93 

1. 

During the year no debts, loans and advances was granted qMembers / Chairman 

0 Debts/Loans/advances due from Members/Chairman Nil 

ii) Maximum amount due from Members/Chairman at any ,time during the year Nil 

2. 

3. 

4. 

The provision for gratuity has not been made for an employee during the year. The gratuity would be paid in the year of its accrual 

and accounted for accordingly. 

No major commitments entered into by the Authority and remain to be executed as on 31.03.93. 

The amount of leave salary and pension contribution was calculated on adhoc basis and provision made accordingly. 

5. 

During the year 1991-92, Rs. 1.53 crores was received as grant from Government against which Rs. 1.60 crores was repaid in 1992-93 

as per the directions of Government. The excess refund of Rs. 7.00 lakhs was repaid only out of the balance available in the National 

Highways Authority Fund. 

6. Previous years figures have been regrouped wherever necesary. 


?+- 

1. 

2. 

3. 

Grant received from Government of India, other organisation shall be accounted for in the year of its receipt. 

Depreciation has been provided based on written down value method and the rates of depreciation are as per Income Tax Rules 1962. 

Depreciation on additions to fixed assets have been charged for the full period irespective of the date and month of installation/ 

completion/erection, 

4. Stores and spares are written of in the year of purchase. 

For and on behalf of the Roard of the Authority. 

‘Date ; sd/- sd/- 

Pl,ace:: New Delhi D G M CFinance> Chairman 

7s


APPENDIX - IV E 


NATIONAL HIGHWAYS AUTHORITY OF INDiA 

FOR THE YEAR 1993-94 

The National Highways Authority of India (the Authority) was constituted on 15 June 1989 under Section 3 (1) of the National Highways 

Authority of India Act, 1988(the NHAI Act) mainly to survey, develop, maintain and manage the National Highways, to construct offices 




_ 

The audit of accounts of the Authority has been conducted under Section 19(2) of the Comptroller and Auditor General’s (DPC) Act, 1971. 


The NW Act (Section 12 > provides that all non-recurring expenditure incurred by or for the Central Government for or in connection 


expenditure by the Central Government would be treated’as Capital provided by the Central Government to the Authority. No other 

source of additional capital by Central Government or otherwise was provided in the Act. Since its incorporation (1989-90), no national 

highway or stretch thereof was entrusted to or vested in the Authority by the Government in terms of Section 11 of the Act. Therefore, 


3. Fund 

The Act provides for creation of the National Highways Authority of India Fund (NHAI Fund) into which shall be credited grants, loans, 

borrowings and any other sum received by the Authority. Expenses of the Authority in discharge of its functions, expenditure on establishment 



During this (fifth) year also there was no business activity. The Authority incurred an expenditure of Rs. 1.22 lakhs on its establishment and 

earned interest of Rs. 0.18 lakh on surplus grants. 

5. Summarisid Financial‘ Results 

The summarised financial results of the Authority during the last three years were as under. 

LIABILITIES 

., 

1991-92 199293 1993% 

a. Capital - - - 

b. Reserves & Surplus - 4.91 4.00 

C. Borrowings - - - 

d. Current Liabilities & Provisions 

(excluding provison for gratuity) 161.03 0.16 0.17 

e. Provision for gratuity - - 

Total 161.03 5.07 4.17 

ASSETS 

f. Fixed Assets - Gross Block 1.45 1.45 1.45 

f . 

1. 

‘Less Net Block Accumulated Depreciation 

Investments 

0.24 1.21 

- 

0.36 1.09 

- 

0.47 0.98 

- 

j. Current Assets, Loans & Advances 159.79 3.98 3.19 

k. Misc. Expenditure (Debit Balance of 

Profit & Loss Account) 0.03 - - 

Total 161.03 5.07 4.17 

Capital employed ( h + j - d) C-)0.03 4.91 4.00 

Net Worth (a+b-k) C-)0.03 4.91 4.00 

Working Capital ( j - d > (--> 1.24 3.82 3.02 

76

The percentage of Current Assets to Current Liabilities, which is a measure of liqilidfty increased from 99.23 at the end of 1991-92 &2,487.5 

at the end of 1992-93 and then decreased from 1,876~ at the end of 1993-94. 

7 . Sowcesoadu~tionofFunds 

Funds amounting to Rs. 0.80 lakhs from internal and external sources were generated and utilised by the Authority during the year as under: 

I. 

II. 

8ourcesdFunds 

Decrease in working capital 

Total 

UtlllaationofFunds 

0.80 

0.80 

Funds applied to Operations : 

Loss for the year 


Total 

0.91 

0.11 

0.80 

8. System of Accounting And Internal Control 


Comments on Accounts 

Profit &r Loss Account 

‘\ 

Income 

O&r Income (Schedule 

The above amount of Rs. 12,691 represents the recovery in respect of private telephone calls charges relating to the year 1992-93 but not 

recovered during the year. The amount should have been treated as ‘Prior Period Income.‘. 

Q3) AccounfJq Policies 

11) Rs. 12, 691. 

(9 The Accounting policy No. 1 regarding accountal of grants received from Government of India on receipt basis is not in conformity 

with the accrual concept’of accounting. 

(ii> 

The Accounting Policy No. 4 provides that stores and spares would be written off in the year of purchase. The policy is not in 

conformity with the approved format of annual accounts and does not take into account the actual consumption of stores and 

spares during the year, / 

0 General 

Though the Authority has not been neither exempted from paying income tax yet it has neither filed income tax return nor disclosed this 

fact in the accounts, 

Sd/- 

(Rekha Gupta) 


and Rx-Officio Member, Audit Board - I, 

New DeIhi 

77

I have examined the foregoing Accounts and Balance Sheet of the National Highways Authority of India. I have obtained all . 

the infermation and explanations that I have require.d and subject to the observations in the separate Audit Report, I certify 

as a rest& of my au&t that, In my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true * 

an&fa& tim. t& t~~~~~~~.~~~?~ th.&Autho&.y. aceor&ng to, the best of my lnfor,mation and explanations given to me 

and as shown by the books of the Authority. 

Sd/- 

(Rekha Gupta) 


and Ex-Officio Member, Audit Board - I, 

New Delhi 

Date : February 20th, 1997. 


. 


FOR THE PIN,ANCIAL YEAR 1993 - 94 

Sl. No. 1 to 8 is informatory. 

9A - 

9m- 

9Buo - 

9c- 

Noted for compliance in future 

To conform to the accrual concept of accounting, in the 11th Board meeting held on 24.1.97 changes in accounting 

policy have been made for accounting of grants on accrual basis instead of cash basis. 

In the 11th Board meeting held on 24.1.97, accounting policy No. 4 has been changed as only stationery and 

other items of consumable nature are written. off in the year of its purchase and during the year under consideration 

,’ 

there is no purchase of stores and spares. 

The Authority has applied for Tax exemption and our application is pending with Central Board of Direct Taxes. 

78 

\ 

’ ,\., 

\ 

.’

NAT;iONAL HIGHWAYS AUTHCjRITY OF INDIA 

1, Bastem Avenue, mahpfnn I%#, New Delhi - UO'O65. 

BALANCE SHEET AS AT 31ST MARCH 1!?94 

PARTICULARS 

co 

SCHEDULE 

c?J 

CURRENT 

YEAR am 

OB 

PREVIOUS 

YEAR as.) 

(4 

sourccofmds 

1. Shareholder’s fund 

3 Capital 


2. Bo- 

3 Secured Loans 


Application of Funds 

1. FlXedkssets 

al 

Gross Block 

Total 

b> Less : Depreciation 

cl 

Net Block 

8 Capital Work in Progress 

2. Investmmtwcost) 

3. cMcntAaacm,LoansandAdvancc 

3 Inventories 


cl 

Deposits, Loans & Advances 

8 Interest accrued on Investments 


Less:CumntUabilitiesandProvisions, 

as 

Liabilities 

b> Provisions ’ 

NetCurrentAssets 

4. Mb& Rxpendltute(t0 the extent not written off) 

5. ProfIt % Loas Account (Debit balance, if any) 

6. Notes on Accounts 

T o t a l 

_ 

1 - 

2 3,99,980.00 

3 - 

4 - 

5 

3,99,980 

1,45,347.81 

47,230.81 

98,117.OO 

- 

6 - 

7 - 

3,18,617.00 

8 16,754.OO 

9 - 

3,01,863.00 

10 - 

- 

18 - 

3,99,980.00 

1,45,347.81 

36,329.OO 

1,09,018.81 

1,237.50 

- 

3,96,882.00 

16,123.oo 

- 

3,81,996.50 

- 

4,91,015.31 

- 

- 

Schedules 1 to 18 and Accounting policies 



Date : 


Sd/- 

DGM (Finance) 

sd/- 

Chairman 

79

NJTX&NAL~ HSGWSAYS AIJFQRITY OF INDIA 

1, A%wmle, lt$ah@ l%&# Nmv Dew - 110 065. 

PROFIT AND’ &OSS AI;COUNT rPo,R THE YEAR 

ENDIF% 31ST’ MARCH, 1994 

PARTICULARS 

m 

SCHEDULE 

al 

CURRENT PREVIOUS 

YEAR (RSJ 

YEAR (Rs.) 

a0 (4 

3 Value of Work done - - - 

b> Other income 11 12,691.OO - 

cl Interest (Gross) ’ 12 18,365.OO 8,22,607.43 

CD Net Increase/Decrease in 13 - - 


u&EXPENDITURE 

il 

Total-I 31,056.00 E&22,607.43 

Construction Stores/ 

Material consumed - - - 

bj Other stores, spares & toll etc. consumed - - - 

work Expenw 14 - - 

3 Personnel & Administrative Expenses 15 1,11,089.50 3,15,942.19 

b) Finance Charges 16 100‘00 252.00 

cl Depreciation 10,901.81 12,114.OO 

Total-II 1,22,091.31 3J83OS.19 

Profit/Loss for the year - 91,035.31 4,94,299.24 

Less/Add : Prior Period Items net ( + / -1 17 - - 


Profit/Loss Provision for taxation - - 

Net Profit / Loss -91,035.31 4,94,299.24 

Less : Transfer to Capital Reserve - - 

Less : Transfer to other specific Reserve/Fund - - 

Less/Add : Transfer to/ Transfer from General Reserve ( + I --> - - 


from previous year 4,91,015.31 -33,283.93 

Surplus/Deficit carried to Balance Sheet 3,99,980.00 4,91,015.31 


Date : Sd/- sd/- 

New Delhi : DGM (Finance> C h a i r m a n 

80

NATIONAL HIGHWAYS AUTWORITY OF INDIA 

1, l3wtem Akenue, lt4&ami BagR, New Delhi - 110 065 __ 

SCHEDULES FORMiNG PART OF THE BiLANCE SHEET 

AT blBT CH, 1994. 

-w 

UW 

0 Capital U/S 12 (i) 0 - 

ii) Capital U/S 17 - 

- 

(Additiuns and deductions since last balance sheet to be 

shown under each of the specikd heads) 

i) Capital Reserve - 

ii) General Reserve - 

iii) National Highways Authority of India fund - 

under Section 18(i) 3,99,980.00 

iv> Credit balance of P & L A/C - 

4,91,015.31 

- 

- 

9 

ii) 

iii) 

SecuredLoply) 

Loans from Govt. of India 

Loans from Banks 

Other Loans 


- 

- 

- 

- 

- 

- 

Natke of security to be specified.) 

UnsanuedJdWM 

B Loans from Govt. of Ihdia - 

ii) Loans from Ban.ks - 

iii) Other Loans - 


- 

- 

- 

81



SCHEDULES -FORMING PART OF THE BALANCE 

SHEET AT 31ST MARCH, 1994. 

Description of the 

Asaets 

Rare of 

As at 

1.4.93 

dditions 

Gross Block at cost r Depreciation Net Block 

Adjustment/ 

Deductions 

for the 

year 

Total 

costa. 

at 

31.3.94 

As at 

1.4.93 

?or the 

year 

idjusted/ 

Deducted 

Total 

Dep. 

upto 

31.3.94 

As At 

31.3.94 

Land 

1. Rc%xls, Bridges 

0 Freehold 

(ii) Leasehold 

2. plant % 

Machinery 

_’ 

- 

3. Furniture 

Fixture 

% Electrical 

fittings 

67950 

- 

2653% 

41l9iD 

4. Motor 

Vehkles 

5. Air 

Conditioners / 

Heaters 

6. Office 

Equipments 

- 

1wul 

4457731 

Total 

.,4534781 L45347Bl 

I -- 

10$m8l Sq117m 

Sd/- 

CHAIRMAN 

\ 

82



SCHEDULES FORMING PART OF THE BALANCE 

SHEET AT QlST MARCH, 1994. 

. 

Imesrmenttcoat) 

0 Government Securities - 

ii) Other than Govt. Securities (Nature to be specilied) - 

a. 

i> 

ii) 

iii) 

iv> 

cum?ntAssets,~%Mvances 

I n - 

(As taken valued & certified by the management) , 


Tools 


Construction Stores/Materials 

Work-in-progress (method of valuation to be stated) 

- 

b. 

swldly Debtors 

securec’ ; 


UnXCtlred 

Considered good (Specify separately more than six months) 

Deposits, Loam.% Advance.!3 

Deposits 







PrepQid- 

Advances Taxes 

Security deposits & retention money 

Advance rent to MTNL 

- 

- 

1,237.50 

- 

83

0 C@I SB Cheques in hand including stamps 

- - 

ii) %%slaik$F WtE seRaeip1smBs 3,18,617.00 3,96,882.00 

On deposits accourks 

&L Interest accrued t &ue> 

- On c&rent accounts 

iii) Balances with NywAeduled banks 

- On deposits accounts 0r1cl. interest accrued) 



iv> Remittance in transit 

- - 

- 

- 

- - 

!& - 

- - 

D LiabUties for sundry creditors 

- - 

ii) Other liabilities 16,754.OO 16J23.00 


- -, 

iv> Deposits held on account of others (if applicable) 

- -8 

a> Employees 

- - 


- - 


- - 

d) Suppliers 

- - 

v. Others (to be specitkd) 

- - 

P 

Provision 

i> Provisions for taxes 


iii) Provisions for Leave Salary and Pension Contributions 

iv) tither provisions 

_, 

- - 

- - 

- - 

- - 

\ 


- -

NATIONAL HIGHt#AYS AtJTHC3ItITY OF INDIA 


SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT 

FOR THE YEAR ENDING QlST MA&I, 1994. 

Other Income 

High Charges 




- 

- 

- 

Agency chwss 


Profit on sale of fared assets written off 


12,691.OO 


-From banks on deposits 


From others 

18365.00 

- 

- 

8,22,607.43 

- 

- / 


Closing Stock 


Less ‘Z Opening Stock 



- 

- 

- 

- 

2 work ExpeMes et& 

Electricity Power % Fuel 





- 

- 

- 

85

Q=&- --yeu 

( aw cRs.1 

b. Repair a’- 

Roads & Bridges - - 

Bulldings - - 

Plant, Machirmy & JZquipment - - 

C. inhem 

Illcwance:- 


Te&micd studies & consultancy charges - - 

Research & Development expenses - - 

Others - - 

Personnel & Other admhistmtive expenses salaries, 


Salaries, Wages, allowances & bonus 

Workmen staffwages & other expenses 

(Details of salaries, allownaces, bonus, welfare 





Others 



Repa& % maintenance - others 

Insurane 


Agency & Gxnmission charges 




Advertisement & ,publicity 

Remuneration to auditors 


- INS 

i> Interest 

On over draft 

Onhansfrombanks 

OnDeferredcredits 

.On Bonds/Debentures 

On Loans from Govt. Of India 

ii) DiscountingCharges 

iii) Guarantee Chnmission / Bank charges 

97,324.OO 1,96,817.55’ 

- - 

- 5,236.80 

- - 

- - 

- 58,932.50 

- - 

- 3,526.oo 

- - 

- l,bdo.OO 

- - 

184.00 12,384.20 

240.00 3,727.24 

- 2OJ83.90 

- - 

13,341.50 11,534.OO 

Total l,ll,oag.W , 3,15,942.19 

- - 

- - 

- - 

100.00 252.00 



b) Credits (Itewm wise) 

c)NetFknce(a-b) 

86

ING S$X#QQD - 1994 

Sub - Total 

Total 

craupces> 

D 

ii) 

iii) 

WdBrpensGs 

Electricit; Powers & Fuel 

Water for works 

Electricity for works 

Power & Fuel (Heavy vehicles & Equipment) 

- 

Repair 8s Maintenance - Plants 

Machinery & Equipment 

0 Tyres, Tubes, Batteries as per Grouping scheduel No. 2 

ii) otherexpelim 

others 

i) Insurance 


ii) Registration expenses (works) 

iii) Registrtion expenses (Plant, Machinery / Heavy vehicles) 

- - 

- - 

- - 

- - 

b. 

0 

ii) 

iii) 

iv> 

v> 

; 

ii) 

iii) 

d. 

i> 

ii) 

e. 

0 

ii) 

f. 

9 

ii) 

iii) 

TJLE - 

Personnel & Other Administrative Expenses 

.S&Uk8,W~~%otherstpffknefits 

Salary &Wages 

Daily wages 

Over Time Allowance - 


Bonus 

Incentives 

Transport subsidy - 

Leave Encashment - 

workmanwwelfnn~ 

Medical reimbursement - 

Stat7 Welfare : 

welfaleexpenses 



LTC 

Liveries 

contibution to : 


Pension & Leave salary - 

Others 

Repairs%hiaintenana?-others 

Offrce Equipments - 


Petrol, Oil 81 Lubricants as per grouping schedule No. 2 


Others 


Others 

H~nrinfee%~pr&!=ionalchiIrges 

Fee of liasion work - 

Consultancy fee - 

Honoraria fee - 

97,324.OO ‘. - 

- - 

- 

- - 

- 

- 

- 

97,324.OO 

- - 

- - 

- - 

, 

- 

,I - 

- - 

- - 

- 

- - 

- 

- - 

- - 

- 

- 

87

iv) 

VI 

B* 

0 

ii) 

iii) 

L&&t, & Statutory fee 

Pmfessional charges 

TraveluneBrpenses 


Tmvelling Expenses (India) 


- 

- 

184.00 

- 

- 

h. prMine&stationoryPustagc&commticat3oll 

i> Printing & stationery 

ii) Postage, Telegram including air freight 

iii) Telephones & Telex 

ii) 

i< 

i> 

ii) 

iii) 

iv) 

v) 

vi> 

vii) 

viii) 

Remunemtion to Auditora 

Audit fee 




-JR=== 




Publications 


Sundry ‘balances written off 


Deficit from Seminars / Trg. organised (Net) 

OUPING SCHEQJJLE - 

F-N 

3 Interest on Deferred credits 

i> ’ Interest on deferred credits 

ii) ‘Penal interest on deferred credits 

b. Guarantee Commission & Bank Charges 


240.00 

- 

- 

- 

- 

- 

- 

- 

11,880.OO 

- 

1,461.50 

- 

- 

- 

- 

- 

- 

100.00 

- 

240.00 

13,341.50 

1,11,0&?9.50 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

100.00 

OUPING m - 

Period Adjuatmenta 

3 Debits (Item wise) 

b> Credit (Item wise> 

cl 

Net Balance (a-b) 

- 

- 

- 

88

t-:, 

pi’, 

*; 2 1 

4’ 

1‘. 

i: 1 

1 c 

,! j. NWKS IOlt&lINB PART OF THE ACCOUNTS 

I:‘? 

11 J 

‘Fali “Tm l?EAR1993-94 

,’ 

Grant received Rs. 153 la&s from the Gove&t of Imfia, 84hMry af 8uW ‘Raqmrt have been called back by the Government 

during the year itself and such the amount treated as current liability and provided for in the year under consideration. 

During the year no debts, loans and advances was granted to Members / Chairman 

0 Debts/Ioans/advances due from h&mbers/Chairman Nil 

ii) Maximum amount due from Members/ Chairman at any time during the year .Nil 

The provision for gratuity has not been made for an employee during the year. The gratuity would be paid in the year of its accrual 

and accounted for accordingly. 

No major commitments entered into by the Authority and remain to be executed as on 31.03.94 

The amount of leave salary and pension contribution was calculated on adhoc basis and provision made accordingly. 

Previous years figures have been regrouped wherever necessary. 

‘&J~~uNTINc~ POLICIES 

‘jr),, 

{: ! I : Grant received from Government of India, other organisation shall be accounted for in the year of its receipt. 

: I 

14 DP, e mciation has been provided based on written down value method and the rates of depreciation am as per Income’ Tax Rules l%k. 

‘, 

‘p:; ‘, Depreciation on additions to ftved assets have been charged for the full period irrespective of the date and month of installation/ 

completion / erection. 

; i, 

:I: 

Stores and spares are written off in the year of purchase. 

f“ 

,’ 

+ ; 

, ’ 


Date : 

Hew Delhi. 

al/- 

DGM (Finance) 

Sd- 

Chairman 

89

AUDIT RBF’ORT ON THE ACCOUNTS OF NATIONAL HIGHWAYS 

. 

AUTHORITY OF INDIA FOR THE YEAR 1994 - 95. 


APPENDIX - IV P 


Authority of India Act, 1988 (the NHAI Act) mainly to survey, develop, maintain and manage the National Highways, to construct offices 




The audit of accounts of the Authority has been conducted under Section W(2) of the Comptroller and Auditor General’s (DPC) Act, 1971. 


~ 



expenditure by the Central Government would be treated as Capital provided by the Central Government to the Authority. No other 

source of additional capital by Central Government or otherwise was provided in the Act. Since its incorporation (1989-PO), no national 

highway or stretch thereof was vested in or entrusted to by the Government to the Authority in terms of Section 11 of the Act. Therefore, 


3. Fund 

The Act provides for creation of the National Highways Authority of India Fund (NHAl Fund) into which shall be credited grants, loans, 

borrowings and any other sum received by the Authority. Expenses of the Authority in discharge of its functions, expenditure on establishment 


4. Source of Inconie 

After having refunded a grant of Rs. 160 lakhs on demand by the Government in 1992-93, the Authority received a grant of Rs. 300.00 lakhs 

from the Government of India in February. 1995 to meet the establishment expenses of the Authority. Expenditure on establishment 

(including depreciation Rs. 0.55 lakh) during the year was only Rs. 2.32 lakhs. 

5. Summahsed Financial Results 

The summarised financial results of the Authority during the last three years were as under : 

1 

a. 

b. 

C. 

d. 

e. 

f. 

8 41. 

I’: 

k. 

LIABILITIES 199293 1993-94 1994-95 

Capital 

- 

Reserves bz Surplus 

Borrowing 

4.91 

- 

4.00 

- 

301.81 

- 

Current Liabilities & Provisions 

(excluding Provison for gratuity) 

0.16 0.17 

4.24 

Provision for gratuity 

- - 

Total 5.07 

ASSETS 

Fixed Assets - Gross block 

Less Accumulated Depreciation 

Net Block 

Investments 


Misc. Expenditure (Debit Balance of 

profit 62 Loss Account) 

Total 

:er;Fntployed ( h + j - d> 

(a+b-k) 

working Capital ( j - d > 

1.45 

0.36 

1.09 

3.98 

4.17 

1.45 

0.47 

0.98 

3.19 

306.05 

5.93 

1.02 

4.91 

301.14 

- - 

5.07 4 . 1 7 306.05 

4.91 4.00 301.81 

4.91 4.00 301.81 

3.82 3.02 296.90 

90

6 . Liquid&y 

The percentage of Current Assets to Current Liabilities, which ‘& a measure of liquidity decreased from 2,487.5 at the end of 1992-93 to 

1,876.5 at the end of 1993-94 and then increased to 7,118.16 at the end of the year 1994-95. 

7. !3ources and Utibation of Funds 

Funds amounting to Rs. 298.36 lakhs from internal and external sources were generated and utilised by the Authority during 

the year as under : 

PARTICtiLARS 

AMOUNT 

a. fn‘lafchs~ 

I. -ofFunds 

Funds from to Operations : 

Net Profit before tax 

Add Depreciation 

297.81‘ 

0.55 

Total 290.36 

II. 

utlllsQtion of Funds 

Addition to fared assets 

Addition ,in working capital 

4.48 

293.88 

2x:36 

8. System of Accounting and Internal Control 


9. Comments on Accounts 

0 Profit & Loss Account 

Income 

6) Other Income (Schedule 11) Rs. 3,00,00,750 

The above amount includes Rs. 300.00 lakhs in respect of grants-in-aid received by the Authority to meet the establishment expenditure of 

the Authority for the year 1994-95. The amount of grant should have been credited to NHAI Fund as required under Section 18 of the 

NHAI Act and expenditure of Rs. 2,32,291 met out of it. This has resulted in the overstatement of other income by Rs. 2,97,67,709 besides 

non-observance of provisions of the Act.. The Authority has not disclosed its accounting policy on the maintenance of NHAI Fund. 

Expenditure 

Personnel and Admn. Expenses (Schedule - 151 

Salary, Wages, allowances and bonus - Rs. 56,349.80 

(ji) 

(iii). 

The above amount includes Rs. 23,691 towards salary and allowances disbursed to the Chairman and Members of the Board which 

have not been shown distinctly. 

The above amount does not include Rs. 14,005 in respect of salary and allowances due and payable to the Chairman and Members of 

the Board for which no provision has been made. This has resulted in the understatement of above expenditute and overstatement of 

.profit each by Rs. 14,005. 

91

.9 .I1 Mobtenmce of Booka of Accounts and System of incurring Expenditure 

(iI 

(ii) 

(iii) 

(iv> 

(4 

There is no proper system of maintenance of Cash Book and sanction of expenditure as : 

certain entries of withdrawal from and deposit of cash in the Bank were not found recorded in the Cash Book; 

vou:hers numbers mentioned in the Cash Book did not agree with the vouchers numbers indicated.on the vouchers 

produced to audit; 

in many cases, vouchers produced were just bills of various parties which had not been passed for payment and in 

respect of which prior approval for incurring expenditure had not been obtained; 

date of payment was not recorded in most of the cases; 

payee& signatures had not been obtained in many cases. 

Hence, the correctness of Cash and Bank Balance of Rs. 3,01,12,457 as on 31 March 1995 could not be vouched in 

audit. 

9.111 Accounting Policies 

(iI 

(ii) 

(iii) 

The Accounting policy No. 1 regarding accountal of grants received from Government of India on receipt basis is not 

in confirmity with the accrual concept of accounting. 

The Accounting Policy No. 4 provides that stores and spares would be written off in the year of purchase. The policy 

is not in conformity with the approved format of annual accounts and does not take into account the actual 

consumption of stores and spares during the year. 

Though the Authority has not been exempted from paying income tax yet it has neither filed income tax return nor 

disclosed this fact in the accounts. 

9.IV. Genhl 

Current liabilities of Rs. 4,24,499 shown in the balance sheet have not been indicated in Schedule No. 8 forming part of the accounts. 

sd/- 

(Rekha Gupta) 


Ex-Officio Member, Audit Board I 

New Delhi 


and explanations that I have required and subject. to the observations in the separate Audit F~port, I certify as a result of my audit that, in 

my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the state of affairs of the 

Authority according to the best of my information and explanations given to me and as shown by the books of the,Authorlty. 

Sd/- 

(Rekha Gupta) 


Ex-Officio Member, Audit Board I 

New Delhi 

Dated : February 20,1997 


. 92

MANAGEWNT RWLIJgS >TO AUDIT REPORT, QN ACCOUNTS 

FOR THE .PfNANCIAL YEAR 1994 - 95. 

Sl. Nd. 1 tya 8 is informatory. 

0;1.91(13-t 

The Grant of Rb. 300 lakhs received by the Authority to meet the establishment expenditure of the Authority 

and the amount was initially credited to grants from Central Government. Subsequently the same was 

credited to profit & loss account as the grant was to meet the establishment expenditure of the Authority. 

Remaining amount of Grant after meeting the establishment expenditure had been credited as NHAI Fund 

account. The accounting manualis under finalisatlon. 

The salary and perquisites of Chairman and Members of the Authority will henceforth be shown distinctly. 

The amount has been duly provided for and disclosed in the accounts for the year 1995-96 

The Authority became operational.in February, 1995 after joining of full-time Chairman. Since the Authority 

was in its formative stage and there was not enough staff to handle the day to day work, therefore, entire 

administrative work was managed with the assistance of available employees who were not fully familiar 

with the commercial accounting system. Therefore, certain errors of clerical nature might have occured. 

9 III (0- 

9III(iII- 

’ 9III(iii>- 

9nr- 

To conform to the accrual concept of accounting, in the 11th Board meeting held on 24.1.97, changes in 

accounting policy have been made for accounting of grants on accrual basis instead of cash basis. 

In the 11th Board meeting held on 24. 1 97, accounting policy No. 4 has been changed as only stationery 

and other items of consumable nature are written off in the year of its purchase and during the year under 

consideration there is no purchase of stores and spares. 

The Authority has applied for Tax exemption and our application is pending with Central Board of Direct 

Taxes. 

Omission is noted. 

93


1, &stem Avenue, Mohmnl EM&, New Delhi - 110 065. 

BALANCE f&ET AS AT 31ST MARCH 1995 

PARTICULARS 

0 

SCHEDULE CURRENT PREVIOUS 

YEAR as.> YEAR (Ics.1 

@I . 8> (4 

SourceofFunds . 

1. swcho1wa Fund 

3 Capital 

b> Reserves & Surplus 

2 . Bollvwhgs 

a> Secured Loans 

b> Unsecured Loans 

Total 

Applicadon of Funds 

1. FixedAsseu 

as 

Gross Block 


cl 

CD 

Net Block 

Capital Work in Progress 

2. Invent c.At cost) 

3. Current, Assets, 

LoansandAdvan~ 

as Inventories 

b) Sundry Debtors 

cl 

CD 


Interest accrued on Investments 


b : current J&hWes and Provisioos 

a> Liabilities 8 

b> Provisions 9 

Net Current Assets 

4. Iv&c. &pend&tm (to the extent not written off) 

5. 

Pro& & Loss Account (Debit balance, if any> 

6. NOtCSOllACCOUlltS 

Total 

Schedules I to 18 and Accounting policies 


Date : 


1 

2 

3 

4 

5 

6 

7 

- 

10 

18 

3,01,80,985.34 

- 

3,99,980.00 

- 

- - 

- - 

3,01,80,985.34 3,99,980.00 

5,92,818.81 1,45,347.81 

1,01,789.81 47,230.81 

4,91,029.00 98,117.OO 

- - 

- 

- 

2,ooo.oo - 

- 

3,01,12,455.66 3,18,617.00 

4,24,499.32 16,754.OO 

- - 

2,%,89,9%.% 3,01,863.00 

- - 

- - 

3,mN985.34 3,99,980.00 


sd/- 

DGM (Finance) 

sd/- 

Chairman 

94

PARTICULARS 

co 

MATlONAL HIGHWAYS AUTHORITY OP. INDIA 

1, A%wme, rfdsbmd ) N&F lwht ” 110 055. 

PROFIT AND LOSS ACCOUNT FOR THE YRAR 

ENDIN 3lsT +&ARCH, 1995 

- 

SCHEDULE CURRENT 

YEAW cRs.> 

CD 

CD 

PREVIOUS 

YEAR as.> 

(4) 

a3 Value of Work done 

b) Other income 

c) Interest (Gross) 

4 Net Increase/Decrease in 

Work-m-progress (+> / (-1 

Total-)1 

LEXPENDITURE 

- 

11 

12 

13 

3,00,00,750.00 

- 

12,546.OO 

- 

3,00,13,2%.00 31,w6.00 

- 

12,691.OO 

18,365.OO 

- 

3 Construction Stores Material consumed - - 

b> Other stores, spares & toll etc. consumed - - 

- 

-kQ=y. 

3 Personnel & Administrative Expenses 

b> Finance Charges 

cl 

Depreciation 

Total-II 


Less/Add : Prior Period Items net ( + / -) 


Profit/Loss Provision for Taxation - 

Net Profit / Loss 


Less’: Transfer to other specific Reserve/Fund 

Less/Add : Transfer to/ Transfer from 

General Reserve ( + / -) 




14 

15 

16 

17 

1,77,655.66 

76.00 

54,559.oo 

2,32,290.66 

2,97,81,005.34 

- 

- 

2,97,81,005.34 

- 

- 

1,11,089.50 

- 

- 

100.00 

10,901.81 

1,22,091.31 

-91,035.31 

3,99,980.00 4,91,015.31 

3,01,80,985.34 3,99,980.00 

- 


Date : sd/- Sd- 

New Delhi : DGM (Finance) Chairman 

95

l&WZqNAL HIGHWAYS AUTHORITY OF INDIA 

1, Ensaern Avemle, NmDdhi-110065 

SCHEDULES PO&MING PART OF THE BALANCE SHEET 

AT 31ST MARCH, 1995. 

Previous year 

CRS.? 

i> Capital U/S 12 (8 (b> - - 

ii) Capital irk3 17 1’ - - 


shown under each of the specified heads) 

0 Capitai Reserve - - 

ii) General Reserve - - 

iii) National Highways Authority of India Fund - - 

under Seztion 18(i) 3,01,80,985.34 3,99,980.00 

iv> Credit’balance of P & L A/C - - 

securedLQans 

0 Loans from Govt. of India - - 

ii) Loans ,from Banks - - 

iii) Other Loans - - 

(Interest accrued and due to be show separately. 


9 Loans from Govt. of India - - 

ii) Loans from Banks - - 

iii). Other Loans - - 

._ 

(Interest accrued and due to be sho& separately. 

96


1, Eastern Avenue; Mahamni Bagh, New Delhi - 110 065. 


AS AT 31ST MARCH 1995. 

SCHEDULE - 5 

Description of the 

Assotfl 

r 

Rate of 

lepreciatio1 

As at 

1.4.94 

Gross Block at cost 

Adjustment/ 

Deductions 

for the 

year 

Total 

cwtas 

at 

31.3.95 

r 

As at 

1.4.94 

Depreciation 

Ior the 

year 

Ldjusted/ 

leducted 

rota1 

Dep. 

upto 

31.3.95 

Net Block 

As At 

31.3.95 

Land 

1. Wa& Bfidses 

Q Freehold 

(l$ Leasehold 

2. Iqant % 

Machinery 

3. Furniture 

Pkture 

& Electrical 

fittings 

&%m..a 

1 4. Motor Vehicle 

5. Air 

Conditioned 

Heaters 

-- 

6. Office 

Equipments 

335J2131 

2,61,4&?.00 

7. Lab&Suwey. 

IQlliptXEtltS 

Total 

4#7,47lm 

Sd/- 

CHAIRMAN 

97



._I i 


AT 31ST MAXH, 1995. 

Pleviou.9 Year 

@.> 


ii) 


- - 

- - 

a. 

i> 

ii) 

iii) 

iv) 

b. 


Inventories 



I 

Tools 

Stores 8r Spares (at cost including in transit) 


Work-in&ogress (made of valuation to be stated) 

Sundry Debtors 

- - 

- -, 

- - 

C. 

i) 

ii) 

iii) 

iv) 

v> 

vi> 

vii) 

viii) 


Unsecured 

Considered good (specify separately more than six months) 

Deposka,Loans&~ 

Deposits 




b) Material ‘Advance 


Claimsi-eczwerable 

prepaid =lJ- 

Advances Taxes 

Security deposits & retention money 

i$ Advance rent to MTNL 

- - 

- - 

- - 

- - 

- - 

- - 

- 

- 

- 

- 

- 

- 

- 

- - 

’ 98

current Yew Plwknts Year 

” . CR83 cB.> 

d. ‘- - 

43 

7, 

0 Cash & Cheques in hand including stamps 

ii) 

iii) 

iv> 

Balata~~Sched~Banks 

On deposits accounts 

(incl. Interest accrued & due) 


Balances with Non-scheduled banks 

- On deposits accounts &xl. interest accrued) 



Remittance in transit 

1,612& 

f 

- - 

- . - 

- - 

3,01,10,843.00 3,18,617.00 

- - 

- - 

- 

current Liabuties 

0 Liabilities for sundry creditors - 

ii) Other liabilities - 

iii) Un-utilised Grant - 

iv> Deposits held on account of others 

(if applicable) - 

a> Employees 

b) Sundry parties - 

c) Contractors - 

d) Suppliers 

VI Others (to be specified) 2 

- 

- 

16,754&O 

- 

- 

. - 

v 

- 

- 

_. 

9 

ii) 

iii) 

Provisions 

Provisions for taxes 

Provisions for gratuity 

Provisions for Leave Salary and 

Pension Contributions 

Other provisions 

- - 

- - 

- - 

Misc. Expend&we to the extent not written off. 

- - 

99



-scx-mD-U~Rs *ORMING P ART op PROFIT AN~D loss A CCOUNT 

FOR THE YEAR ENDING 31ST MARCH, 1995. 

Chat Year 

ad . 

-Y&U 

Qls.) 

Other Income 

High Charges 

Grant-&aid received from 

Govt. during the year 



Agency charges 


Profit on sale of fixed assets written off 


- - 

- - 

3,00,00,000.00 - 

- - 

- - 

- - 

- - 

- - 

750.00 12,691.OO 




from others 

12,546.OO 

18,365.OO‘ 

- - 

- - 


Closing Stock 


kss : Opening Stock 



ENSES 

a. Work EcpaMcs etc. 


Syey Expenses 




b. Reppsr%- 


Buildings 

Plant, Machinery 8r Equipment 

C. others 

Insurance:- 


Technical studies B consultancy charges 

Research & Development expenses 

- - 

- -L 

- - 

- - 

- - 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- - 

- - 

- - 

Personnel & Other administrative expenses salaries, 


100

.‘2 1 . * ,., 1 

j 

,>a./. -Year &dQlMiY@bU 

at83 

aw 

1 5, ,!‘_ .* ( 

6 & bonus 56,349.80 97,32iOO 

Workmen st& wages t other expenses - - 

(Detaib of salaries, aIIownaces, bonus, weIfare - - 

expenses incurred on Members / Chairman> - - 


Provident Pund - - 

Pension & Leave Salary - - 

Others - - 

Rent for office accommodation - - 

Rates and Taxes - - 

Repairs & maintenance - others 798.00 

Insurance 

Honoraria fee and other professional charges \ 2,200.oo - 

Agency & Commission charges - - 

TraveUing expenses 69,814.lO 184.00 

Printing & LStationeiy 12,904.44 240.06 

Postage & communications 3,941.82 - 

Advertisement % publicity 23,151.OO - 

Remuneration to Auditors - .’ - 

Misc. JZxpenses 8,496.50 13,341.50 

TO&l 1,77,655.66 l,ll,O@k5tJ 

16 FIN- 

0 Interest 

*. 

On over draft - - 

banks On Loans from - - 


- 

* 

- 

On Bonds/Debentures - - 

Gn Loans from Govt. of India 


- 

ii> 

Guarantee Commission / Bank charges 

76.00. 100.00 

Period AdjUatnlults 

a> Debits (Item wise) 

b> Credits (Item wise) 


i 

- - 

- - 

- - 

101

GROUPING SCHEDULE - 14 ’ 

1995 

Sub - Total 

Total 

Qzupeea) 

ofupees) 

El&dry .Power & Fuel 

i> Water for works 


iii) Power 62 Fuel (Heavy vehicles & Equipment) 

Repair 81 Maintenance- Plants, Machinery & Equipment 

9 Tyres, Tubes, Batteries as per Grouping schedule No. 2 

ii) Other expenses 


ii) Registration expenses 0Vork.s~ 


- 

- 

- 

- 

- 

- 

- 

- 

2 

- 

- 

- 

- 

GROUPING SCmULE - 

VI 

9 

0ii) 

iii) 

iv) 

VI 

vi> 

vii) 

viii) 

b. 

i> 

ii) 

iii) 

iv) 

C. 

0 

ii) 

iii) 

Personnel % Other MmMstlpthreBrpenses 

salules, Wages % Other Staff be&Its 

Salary &Wages 

Daily wages 

Over Time Allowanqe 


Bonus 

Incentives 

Transport subsidy 

Leave Encashment 

w&man sraff WelEue Expemes 

Medical reimbursement 

,Staff Welfare : 

Welfare expenses 



LTC 

Liveries 



Pension & Leave salary 

Others 

31,016.OO 

- 

- 

- 

2,550.80 

- 

- 

22,783.OO 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

- 

31,016.O; 

- 

7 

- 

- 

- 

- 

- 

25,333.80 

- 

- 

- 

d. 

i> 

ii) 

; 

ii) 

f. 

0 

ii) 

iii) 

iv) 

VI 

R++ifS%Maintenance-t?tllm 



Petrol, Oil & Lubricants as per grouping schedule NO. 2 


Others 

Insurance 


Others 

Honoraria fee & other professi~ charges 



Honoraria fee 

Light & Statutory fee, 


- 

- 

- 

798.00 

- 

- 

2,200.oo 

- 

- 

- 

- 

798.00 

2,200.oo 

- 

- 

- 

- 

- 

- 

102 

I

Sub -Total 

Total 

Qo 

h. 

0 

ii) 

iii) 

ii) 

I* 

D 

ii) 

iii> 

iv> 

VI 

Vi) 

vii> 

viii) 

B@P-- 


Trm~&penaes hW 


I4lna$%statkmt!lyPoclcqg8o&Campvurticetlon 

Printing 8r stationery 


Telephones % Telex 

Remunerarkm to Audircu8 

Audit fee 




- - 




Publications 



StafFrecruitment expenses : 

Deficit from Sernlnars / Trg. organised (Net) 

16 


3 Intemst on Deferred credits 


ii) Penal interest on defereed credits 

b. GruuPntec--CcKnmissian%N 


ii) Bankcharges 

28,183.10 - 

41,631.OO - 

- - 

69,814.10 

12,904.44 - 

285.00 - 

3,656.82 - 

16,846.26 

- - 

- - 

- ‘- 

7,ooo.oo - 

1,496.50 - 

- - 

& "' - 

- 

- - 

8,496.iO 

- - 

- - 

- - 

76.00 - 

76.00 


a> Debits (Item wise) 

b) Credit (Item Wise> 

cl Net Balance (a - b) 

103

HK2t~AY.S AUTiiHaWIY o”f ZRDfA 

NOTES POHMfNG PAAT OF TWB AfXOUNTS FOR THE YEAR 1994-95. 

1. 

2. 

Revenue grant of R&300.00 Jakhs sanctioned by Government of India, Ministry of Surface Tranport to meet the 

expenditure on Establishmentof the Authority for the year was received during the year. 

During the year no debts, loans and advances was granted to Members / Chairman. 

i> DebtsALoans/advances due from Members/Chairman Nil 

ii> Maximum amount due from Members/Chairman at any time during the year Nil 

3. The”provision for gratuity has not been made for an employee during the year. The gratuity would be paid in the year 

of its accrual and accounted for accordingly. 

4. No major commitments entered into by the Authority and remain to be executed as on 31.0395. 

5. The amount of leave salary and pension contribution was calculated on adhoc basis and provision made accordingly. 

6: Previous years figures have been regrouped wherever necessary. 


1. Grant’ received from Government of India other organisation shall be accounted for in the year of its receipt, 

2. Depreciation has been provided based on written down value method and the rates of depreciation are as per Income 

Tax Rules 1962. 

3. Depreciation on additions to fixed assets have been charged for the full period irrespective of the date and month of 

installation/completion. 

4 Stores . and spares are written off in the year of purchase. 


Date : 

New Delhi 

sd/- 

DGM (Finance) 

sd/- 

Chairman 

104

I. 

The Swrttrry to the Government:of ia;, , . / 


Transport Bhawan, 

Swwd +@TcF;, r 8 

Subject : 

,Authority of India; 

Sir, 

I am to for%vard herewith a copy of the accounts of the Natibnsl Highy~ays Authority of India for the year’199596 duly 

certified together with the Audit Report thereon for necessary &ion under Section 24 of the National Highways Authority 

of India Act, 19E18. ’ 

2. It is requested that the date of presentation of the Accounts and the Audit Report to Parliament may kindly,be intimated. 

After the Report is presented to Parliament, 25 copies of these documents as presented may kindly be furnished to this office 

and one copy may also be sent to the office of the Comptroller and Auditor General of India. 

3. The receipt of this letter may kindly be acknowedged ’ 


/ 

Sd/- 

CRekha Gdpta) 


& Ex-Officio Member, ‘Audit Board - I,’ 

New Delhi1 

No. Rs/,4-24[9S-96/NHAI/A/Cs/89 

Dated-: 25.04.97 

Copy together with a copy of the Audit Report as issued to the Government of India, Ministry of Surface Transport, New 

Delhi forwarded to the Chairman, National Highways Authority of India, New Delhi. It is requested that the said report 

1 may kindly be treated as secret till the same is presented to Parliament as required under Section 24 of the National Highways 

Authority of India A Act, 198& 

i 

Sd/- 

(Rekha Gupta) 


-& Ex-Officio Member, Audit Board - I, 

New Delhi 

105

‘AUDIT REPORT ON THE ACCOUNTS OF NATIONAL HIGHWAYS 

AUTHORI’iY OF INDIA FOR THE YEAR 1995-96.’ 


APPENDIX - IV G 


Authority of India Act, 1988 (the NHAl Act) mainly to survey, develop, maintain and mange the National Highways, to construct offices 


and control the plying of vehicles, to develop and provide consukancy and construction services and collect fee for services or benefits 


The audit of accounts of the Authority has been conducted under Sect@ 19(2) of the Comptroller and Auditor General’s (DPC) Act, 1971. 

2. Capital Structure / 

The NHAl Act (Section 12) provides that all non-recurring expenditure incurred by or for the Central Government for or in connection 

with the purpose of any National Highway or ,any stretch thereof, so vested in or entrusted to the Authority and declared to be capital 

expenditure by the Central Government, would be treated as-Capital provided by the Central Government to the Authority. No other 

source of additional cspital by Central Government or otherwise was provided in the Act. Since its incorporation (1989-901, no national 

highway or stretch thereof was vested in or entrusted to by the Government to the Authority in terms of Section 11 of the Act. Therefore, 


3. Fund 

The Act provides for creation of the National Highways Authority of India Fund (NHAl Fund) into which shall be credited grants, loans, 

borrowings and any o.ther sum received by the Authority. Expenses of the Authority in discharge of its functions, expenditure on establishment 



Though it was stated by the Authority that it had become operational from February 1995, yet there was no significant business activity this 

year except invitation of some tenders. The Authority incurred an expenditure of Rs. 168.77 lakhs and earned income of Rs. 41.57 lakhs 

from sale of tender documets besides interest of Rs. 7.97 lakhs. 

5. Summarized Financial Results 

The summarised financial results of the Authority during the last three years were as under : 

LIABILITIES 1993-94 1994-95 1995% 

a. Capital 

- - - 

b. Reserves & Surplus 

4.00 301.81 332.58 

C. Gmnts 

- - 2,lSO.OO 

d. Borrowing 

- - - 

e. Current Liabilities & Provisions 

(excluding Provison for gratuity) 

f. Provision for gratuity 

,!.e Toa 

(z;‘ASSBTS 

EC il..,Flxed Assets - Gross Block 

h. ~: : Less Accumulated Depreciation 

1. Net Block 

j . Investments 

k. ‘Current Assets, Loans & Advances 

1. Misc. Expenditure (Debit Balance of 

profit & Loss Account) 

Total 

Capital employed ( i + k - e) 

Net Worth (a+b-1) 

Working Capital ( k - e > 

0.17 4.24 37.46 

- - - 

4.17 306.0s 2,520.04 

1,45 5.93 112.87 

0 . 4 7 1.02 20.78 

0.98 4.91 92.09 

- - - 

3.19 301.14 2,427.95 

- - - 

4.17 306.05 

2,520.04 

4.00 3 0 1 . 8 1 2,482.58 

4.00 301.81 332.58 

3.02 296.90 2,390.49 

/- 

,106

6. Liquidity 

The percentage of Current Assets to Current Liabilities, which is a measure of liquidity, increased from 1876.5 at the end of 1993-94 to 

7,118.2 at the end of the year 1994-95 but decreased to 6,481.4 at the end of the year 1995-96. 

7. solxces and udlfsaflon of l%lnds 

Funds amounting to Rs. 2,200.54 lakhs from internal and external sources were generated and utilised by the Authority 

during the year as under : 

AMOUNT 

PARTICULARS 

SourcesofPunda 

Funds from operation 

Profit before tax 

Add Depreciation 

30.77 

19.77 

CRS.hLdCW 

Capital Grants received from Government 

of India (including Rs. 2000.00 lakhs for 

Asian Development Bank III Project Grants) 

Total 

50.54 

2,150.OO 

2,200.54 

utiRsationofFunds 

I 

Addition in fixed assets 

Addition in working capital 

106.95 

2,093.59 

Total 

2,200.54 

8. General 

The Authority has not prepared its Accounting Manual and Tariff for services, and has also not introduced systems of 

internal audit during the year. 

COMMENTS ON ACCOUNTS 

Balance Sheet 

sources of Funds 

Reserve and Surplus (Schedule 2 ) 

NHAl Fund Account - Rs. 332.58 lakhs 

1. The above includes Rs. 60.44 lakhs being the unspent balance kept by the Authority for purchase of office building. As this portion 

of grant relates to capital nature as permitted by the Government of India, it should have been shown as capital grant. This has resulted in 

the overstatement of Reserve and Surplus NHAI fund and corresponding understatement of capital grant by Rs. 60.44 lakhs. 

Application of Funds 

Fixed-Assets (Gross BlockI - Rs. 112.87 labs (Schedule 5) 

2. The above includes computers cost of which has been overstated by showing Rs. 57.21 lakhs in place of Rs. 52.45 lakhs. This has 

resulted in overstatement of assets (Gross) by Rs. 4.76 lakhs, depreciation by Rs. 1.19 lakhs with corresponding overstatement of liabilities 

by Rs. 4.76,lakhs and understatement of profit by Rs. 1.19 lakhs. 

107

‘Current Assets, Loans & Advances (Schedule 7) 

Cash%Bankbalances 

Balancea with Scheduled Bank 

\ 

Deposits accounts (including interest accrued and due) - Rs. 385.95 lakhs 

on current accounts - Rs. 2,010.69 labs 

3. The balance in deposit accounts includes Rs. 300 lakhs kept in a current account. This has resulted in overstatement of balance in deposit 

accounts and understatement of balance in current accounts. 

cashandJ3ankbalan~ 

cash and Cheque In hand - Rs. 1.24 hkhs 

4. The above includes Rs. 0.63 lakh towards advances sanctioned and disbursed to staff/project directors, but shown as 

cheques/cash in hand. This has resulted in overstatement of cash and cheques in hand and understatement of deposits, loans 

and advances - advances to staff by Rs. 0.63 lakh. 

Other Income (Schedule 11) 

Grants in Aid from Govt. of India - Rs. 150.00 lakhs. 

< 

5. The above amount represents the grant-m-aid sanctioned and released by the Govt. of India to the Authority for meeting the establishment 

expenditure of the Authority for the year 1995-96. The amount of grant should have been credited to the NHAI Fund as required under 

Section 18 of the NHAI Act and net expenditure of Rs. 119.23 lakhs met out of it. This has resulted in the overstatement of Other Income 

by Rs. 30.77 1akh.s besides nonobservance of the provision of the Act. 

Personnel and Admn. Expenses - (Schedule 15) 

Postage and Communication - Rs. 8.16 lakhs 

6. The above does not include Rs. 0.80 lakh being the amount payable in respect of telephone expenses upto March 1996. This has resulted 

in the understatement of other liabilities and overstatement of profits by Rs. 0.80 lakhs. 

Personnel and Admn. Expenses - (Schedule 15) 

Hcmoraria Fee and other Professional Charges - Rs. 18.79 lakhs 

7. The above does not include Rs. I.05 lakhs being the professional charges for the period from 22.1.96 to 31.3.96 payable to a consultant. 

This has resulted in the understatement of liabilities and overstatement of profit by Rs. 1.05 lakhs. 

Persomxl & Other Admhistmtive Expenses - Salaries, wages 8s 

other staff benefits - Es. 19.13 lakhs (Schedule 15) 

chairman & Members - Rs. 5.31 lakhs. 

8(i) 

The above does not include 

leave salary and pension contribution (amount not ascertainable) of Chairman and Member (F&A) payable to the lending 

department as provided for in their terms and conditions of appointment. 

0 

an 

..$ 

amount of Rs. 0.11 lakhs regarding leave salary and pension contribution in respect of Member Q which has been clubbed 

with the pension and leave salary contribution payable in respect of other staff. 

Notes forming part of Accounts (Schedule - 18). 

90 The Authority has been maintaining office and guest house in a residential building. It has not disclosed the contingent liability 

of the Authority as per the agreement in respect of any charges payable to Municipal Corporation of Delhi/Delhi Development 

Authority or any other statutory organisation for unauthorised use of residential accommodation for office/guest house purposes. 

108

.uo 

The Authority has neither been exempted from payment of income tax nor has made provision for income tax nor has disclosed 

this fact in the accounts. 

_I 

~P~~Sclled~E~ 

‘j, 

1 0@@ountlng Policy No 1 regarding accountal of grants Geceived from Govt. of India and other organisations on receipt basis is 

not m conformity with the generally accepted accounting principles. The Authority has assured that it would follow the accrual 

system of accounting in respect of grants from 1996-97. 

General 

UiYThe Aaccmt@ Policy (No. 3) of e~~depre&dm onfixed assets for full year irrespective of date and month of purchase 

is not justified as generally accepted accounting principles provides for pro-rata depreciation. 

11 (i> Physical verification’of (i> cash, (ii) fored assets and (iii) stores has not been done during the year. 

(ii) The Company has not been regular in depositing the ‘Tax deducted at Source’ in time with the Tax authorities. 


and explanations that I have required and subject to the observations in the separate Audit Report, I certify as a result of my audit that, in 

my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the state of affairs of the 

Authority according to the best of my information and explanations given to me and as shown by the books of the Author&. 

Date 25.4.1997 


Sl. No. 1 to 8 is irhrmatory. 

8.1- Noted for compliance in future. 

8.2- Necessary correction has since been carried out in the accounts for the year 1996-67 

8.3- “” Due classification/correction has been carried out in the accounts for the year 1996-97. 

0.4- Necessary rectification has been carded out in the accounts,of 1996-97 

8.5- The entire revenue grant received during the year has been treated as the income of the Authority and the surplus grant left out 

after meeting the various expenditures have been transferred to the NHAI fund account. 

8.6&~8.7~ Noted for compliance in future. 

a m - Necessary provision has been made in the accounts of 1996-97. 

Els(#)- The salary and other perquisite of Chairman and Members of the Authority will be shown henceforth distinctly. 

a9ab 

QtD The Grant register is incomplete since the expenditure incurred against the grant has not been recorded therein. 

Sd/- 

-(Rekha Gupta) 


Date 25.4.1997 

And Rx- Officio Member, Audit Board - I 


New Delhi 

Sd/- 

(Rekha Gupta) 


And Ex- Officio Member, Audit Board - I 

New Delhi 

. 


FOR THE FINANCIAL YEAR 1995-96 

~soo- 

8.10@- 

S.lO(i& 

Noted for compliance in future. 

The Authority has applied for Tax exemption and our application is pending with Central Boardof Direct Taxes, 

To conform to the accrual concept of accounting, in the 1 lth Board meeting held on 24.1.97, changes in accounting policy have 

been made for accounting of grants on accrual basis instead of cash basis. 

This is in conformity to the accounting policy of the Authority. 

$.ll(i to iii&Noted for compliance in future. 

109


1, Eastem. Avenue, Maharmi Bagh, New Dtilhj - 110 065. 

BALANCE SHEET AS AT 31ST MARCH 1996 

PARTICULARS SCHEDULE CURRENT PREVIOUS 

YEAR aw 

YEAR au 

a a, al (4 

I. &ofpuada 

1. 

3 

b> 

2. 

3 

b> 

3. 

II. 

1. 

as 

b> 

cl 

8 

2. 

3. 

3 

b) 

cl 

8 

e) 

3 

b> 

Shareholda’s fund 

Capital 

Reservers & Surplus NHA Fund A/C 

GEUltS 

ADB-III including grant for seting up PIUS 

Capital 

.Borrow@s 

Total 

PlxedAssets 

Gross Block 

of- 


Net Block 

Capital Work in Progress 

Invee.t,rnent CAt cd 

currcntAt?aets,LoaMdAdvance 

Inventories 

Sundry Debtors 


Interest accrued on Deposite 

Cash 62 Bank Balance 

Less : cklrmlt Iiabultie!s and Pmvisbns 

Liabilities 

Provisions 

Net Current Assets 

4. Misc. Expenditure (to the extent not written off) 

5. Pro& % Loss Account (Debit balance, if any) 

T&al 

1 - - 

2 3,32,57,984.00 3,01,80,985.34 

3 

4 

5 

6 

7 

8 

9 

10 

18 

20,00,00,000.00 

1,50,00,000.00 

- 

24,82,57,984.00 

- 

3,01,SO,985.34 

1,12,87,322.00 5,92,818.81 

20,78,482.00 1,01,789.81 

92,08,840.00 4,91,0?9.00 

- - 

- - 

- 

29,50,564.00 2,ooo.oo 

56,297.OO - 

23,97,88,093.00 3,01,12,455.66 

36,22,556.00 

1,23,254.00 

23,90,49,144.00 

- 

- 

- 

24,82,57,9&1.00 

4,24,499.32 

- 

2,%,89,9%.34 

- 

3,Ol,SO,985.34 

- 

- 




Date : 

New Delhi 

Sd/- 

Member (Finance) 

6. i%+son- 

Sd/- 

Chairman 

110

MWIWULARS 


1,Ila6tem~,EidrhorpnlBa$h,NcwDelhi-110065. 

PROFIT ‘AND Lhhi &X%@JNT FOR THE YEAR 

ENDING’ ’ SiST IWRCH, 1996 

SCNESDULE’ CURRENT PREVIOUS 

B Value of Work done 

b) Other income 

cl Interest (Gross) 

CD Not Increase/Decrease in 


T o t a l - I 

- - 

11 1,91,57,373.00 

12 7,96,623.00 

13 - 

1,99,53,996.00 

3,00,00,750.00 

- 

12,546.OO 

- 

3,00,13,296.00 

3 Construction Stores Material consumed 

b) Other stores, spares &to& etc. consumed 

work &qcnm 

3 Personnel 62 Administrative Expenses 

b) Finance Charges 

cl 

Depreciatiov 

Totzl-II 

Profit/Loss fbr the year 

Less/Add : Prior Period Items net ( + / 4 


Less/Add : Provision for taxation 

Net Profit 


Less : Transfer to other specific Reserve/Fund 

Less/Add : Transf& to/ Transfer from 

General Reserve ( + / -1 

Less/Add : Surplus brought forward 


Surplus carried to Balance Sheet 

- - 

- - 

14 1,76,493.00 

15 1,47,20,244.00 

16 3,568.OO 

19,76,692.00 

1,68,76,99%Oi 

30,76,999.00 

17 - 

i - 

30,76,999.00 

- 

3,01,80,985.00 

3,32,57,984.00 

- 

- 

- 

- 

- 

1,77,655.66 

76.00 

54,559.OO 

2,32,290.66 ‘, 

2,97,81,00%34 

- 

- 

2,97,81,005.34 

- 

- 

3,99,980.00 

3,01,80,985.34 

- 



Date : 

%I/- 


Sd- 

Chairman 

111

NATIONAL HEGHWAYS 

..i,, *’ 

AUTHORITY OF INDIA 

l,tih&, l%&,NcwDclhi-110065 

SCHBDUj.JT$ i?O 

THE IQQANCE SWBET 

, 1996. - 

I, 1 Current Year PiWW6YW 

0 Capital U/S 12 (i) 03) - - 

ii) Capital u/s 17 - - 

additions and deductions since last balance sheet to be 

shown under each of the spkified head.9 

0 capital Reserve Y - 

ii) General Reserve - - 

iii) National Highways Authority of India Fund - - 

under Section 18(i) 3,32,57,984.00 3,01,80,985.34 

iv) Credits balance of P t L A/C 

- - 

m---3 

0 ADJ3-III including grant 

foi setting up of PIUs 

ii> Capital Grant 

20,00,00,000.00 - 

1,50,00,000.~0 - 

i> Loans from Govt. of India 

- - 

ii) Loans from Banks - - 

iii) Other Wns - - 

(Interest accured and due to be shown separately 

Nature &Security to be specified) 

112


1, Eastern Avenue, Mabanmi Bagh, New Delhi - 110 06f5. 

/ SCHULE FORMING PART OF THE BALANCE SHEET 

AS AT 31ST MARCH 1996. 

ULE - 5 

T 

Asat 

1.4% 

TOtid 

m 

w 

3l3% 

L a n d 

1, Roads, 

Bridges 

0 Freehold 

0 kuehold 

2. Computer 

25% 

57,20,926.00 

57,20,926.00 

1,30,232.01 

l4,30,232LC 

ww94.00 

3. Furniture 

Fixture 

& Electrical 

fittings 

and 

Installations 

_/ 

10% 

I,57,698.0 

23,#,564.00 

26,07,262.00 

28J58.00 

,57,91om 

23,21,1%,00 

4. Motor Vehicl 

5. Air 

Conditioners 

Heaters 

10% 



,07,790.00 

6. office 

Equipments 

10% 

1,35,121.C 

15,%,113.ac - 

18,81,234.00 73,632.00 .,so,76o.a 

16,?@42.00 

7. Lab B survq 

Equipments 

Total 

$2,819.0 wGwo3.0 1,12,87,322.0 .,01,790.00 ?,76,692.0 - 

9vl8AMo.00 

Sd/- 

CHAIRMAN 

113



SCHEDULES FORMING PART OF THE BALANCE iHEET 

AT 31ST ItMlK%i, 193%. 

Current Year 

CR83 

Previous Year 

as3 ( 

I!lvdmmtcAtd 

0 Government Securities - - 

ii) Other than Govt. Securities (Nature to be specified) - - 

Total &!hedule - 6I 

tIhlrim~LQans&- 

a. Inventories 

(as taken, valued 62 certified by the management) (Method of valuation to be stated) 

D T o o l s 

ii) 

iii) 

iv) 



Work-in-Prograss (mode of valuation to be stated) 

b. sundry Debtors 

Sub - Total (a> 


Uneecwd 

Considered good (specify separately more than six months) 

C. Depod,Loans&Advances 

sub total t.l$ 

- 

- 

- 

- 

- 

- - 

i) Deposits - - 

ii) Advances to Staff 1,29,135.00 - 

iii) Advances to Contractors - - 

a) Mobilisation Advance - - 


- - 

iv) Advances to Suppliers 

5,89,779.00 - 

VI Claims recoverable 

7,825.OO - 

4 prepllidv 

13,49,625.00 - 

v i i ) AdvancesTaxes 

- - 


8,74,200.00 - 

irq) Advance rent to MTNL 

- - 

Sub Total cc> 

29,50,%4.00 

114

cJum?nt Year 

pfevicnM Year 

d. ^ butnatduc&xdqc& 56,297.OO 

i 

0 C&I % Cheques in hand including stamps 

- 

1,24,141.00 

3 ftalances with schedded l3anks 

- 

iii) 

iv) 

On deposits accounts Oncl, Interest accrued & due) 


Balances with Non-scheduled banks 

- On deposits accounts &cl, interest accrued) 



Remittance in transit 

Sub Total (e) 

3,85,94,520.00 

20,10,69,432.00 

- 

- 

23,97,EW93.Oa 

- 

- 

1,612.66 

2 

- 

3,01,10,843.00 

- 

- 

- 

- 

- 

3,01,12,455.66 

8 

Current Ubilities 

i) Liabilities for sundry creditors 

i i ) Other liabilities 



a) Employees 



d) Suppliers 

v> Others (to be specified) 

Total(Scheduk8) 

Pwvisions 

9 

0 Provisions for taxes - 

ii) Provisions for gratuity - 

iii) 

iv) 

Provisions for Leave Salary and Pension Contributions 

Other provisions 

Total (Schedule 9) 

33,61,935.00 

- 

- 

- 

l&463.00 

- 

- 

2,42,158.00 

- 

36,22,!556.00 

1,23,254.00 

- 

- 

T 

1,23,2%00 

- 

- 

- 

- 

- 

- 

. ‘- 

-, 

- 

- 

- 

Misc. Expenditure to the extent not written off. - 

- 

115

NATIONAL HIGHWAYS AUTHORITY OF iNDIA 


SCHEDULES FORMING PART OF PROFIT AND LOSS ’ AC%OTJNT 

FOR THE YEAR ENDING 31ST MAR&I, 1996. 

Current Year 

@3 

Pmvknls Year 

Qls.) 

Other Income 

High Charges 




Agency charges 


Profit on sale of fared assets written off 

Misc. Receipts - Sale of tender documents 


- 

- 

1,50,00,000.00 

- 

41,57,373.00 

1,91,57,373.00 

- 

- 

- 

3,00,00,000.00 

- 

- 

- 

- 

- 

750.00 

3,90,00,750.00 

In-(Gmd 



From others 


7,96,623.00 12,546.OO 

- - 

- - 

7,%,623.00 12,546.OO 


Closing Stock 





- 

- 

- 

- 

- 

- 

- 

- 

- 

Total &hedule 13) 

a 

Work Expenses etc. 

Electricity Power 8~ Fuel 





Sub Total (a> 

1,76,493.00 

- 

- 

- 

- 

- 

- 

b. Repalr%Mzintenance 


Buildings 


-. 

- 

sub Total (b> 

116

t2lment Year 

CR%> 

-yeOr 

@.I 

C, 

-: 

(Plant, .Machinery 52 equipments) Technical studies 

& consultancy charges - 

Research % development expenses - 

Others - - 

Total @chedule 14) 1,76,4!X&oO - 

p-efmmd%other-tiveexpewestie?3, 

5vqp%otherstaffbeneflt 

-8, Woees,-&bonus 

WC&lIlen~%VdfUCerprnees 

(Details of salaries, allowances, bonus, welfare 


Contibutlon to : 



Others 




Insurance 


Agency & Commission charges 


Printing B Stationery 


Advertisement & publicity 

Remuneration to Auditors 



CE CHARGES 

0 Interest 

Onover draft 






ii) Guarantee Commission / Bank charges 


SCHEDULE - 17 

Prior Period Adjustments 



cl Net Balance (a-b) 


117 

19,12,865.00 ’ 

- 

3,37,032.00 

- 

- 

J,23,254.00 

- 

34,71,767.00 

- 

1,55,767.OCi 

- 

18,78,700.00 

- 

28,50,959.00 

6,57,526.00 

8,15:746.00 

- 

- 

25,16,608.00 

1,47,20,224.00 

- 

- * 

3,568.OO 

3,568.OO 

- 

56,349.80 

- 

- 

'798.00 

- 

2,200.oo 

- 

69,814.10 

12,904.44 

3,941.82 

23,151.OO 

- 

8,496.50 

1,77,655X% 

- 

76.00 

76.00

GROUPING SCHEDULE - 14 

WdErpGnses 

E&IldtyPoWere&Fllel 

0 Water for works 


iii) Power 8r Fuel (Heavy vehicles & Equipment) 

Rep&%Ma&enance-Plants 

‘- % Bquipment 

9 Tyres, Tubes, Batteries as per Grouping schedule No. 2 

ii) Otherexpenses 

Others 

9 Inkrance 


ii) Registration expenses (Works) 


.- - 

1,76,494.00 - 

- - 

- - 

GROUPING SWULE - 

53 

D 

ii) 

iii) 

iv) 

VI 

Vi)’ 

vii) 

viii) 

b. 

i> 

ii) 

iii) 

iv> 

VI 

C. 

0 

ii) 

iii) 

d. 

i> 

ii) 

e. 

i> 

ii) 

Salarks, Wages % Other St&Y bet&& 

Salary & Wages 

Chairman & Members 

Over Time Allowance 


Bonus 

Incentives 

Transport subsidy - 

Leave Encashment - 

Sub Total (a> 

workman staff w& Expewes 

Medical reimbursement 

Staff Welfare : 

Welfareexpenses 



LTC 

Liveries 

tJmrlbutton to : 


Pension & Leave salary 

Others 

Sub Total (bj 3,37,032.00 25,333.80 

sub Total (c) 

Rttpah%Malntenance-others 





Others 

Sub Total cd> 


Others 

13,80,680.00 31,016.oo 

5,30,836.00 - 

1,349.oo - 

- - 

- - 

- 

19,12,865.00 31,016.OO 

1.414.00 - 

59;680.00 2,550.80 

- - 

- - 

2,54,538.00 22,783.OO 

20,410.OO - 

984.00 - 

- - 

1,23,254.00 - 

- - 

1,23,254.00 - 

- - 

- - 

118

f. 

D 

ii) 

iii) 

iv) 

v) 

8. 

0 

ii) 

iii) 

Honorarlafee&othcrprQf~charges 



Honoraria fee 

Legal, & Statutory fee 


Sub Total (f) 

Travelllne Erpa;lses 


Travelling Rxpenses (India) 


Sub Total 0 

h. Printing % stationery Postage (t Communication 

i> ‘. Printing & stationery 

ii) Postage, Telegram including air freight 

iii) Telephones & Telex 

Sub Total (31) 

ii) 

I* 

0 

ii) 

iii) 

iv) 

VI 

vi> 

vii) 

Viii) 

ix> 

x> 

Remuneratton to Auditors 

Audit fee 




Sub-total0 

-Bxpenses 




Publications 




Deficit from Seminars / Trg. organised (Net) 

Security expenses 

Gifts & Presents 

Sub Total @ . 

ING SCHEDULE - 

Sub - Total 

Oo 

Total 

@4=d 

- - 

16,10,700.00 - 

9,200.OO - 

33,800.OO - 

2,25,000.00 2,200.oo 

18,78,700.00 2,200.oo 

15,74,651.00 28J83.10 

3,41,555.00 41,631.OO 

9,34,753.00' 

28,50,959.00 69,814.1.0 

6,57,526.00 12,904.44 

30,752.OO 285.00 

7,84,994.00 3,656.82 

8,15,7%.00 16,8%.26 

- - 

- - 

- - 

- - 

19,60,886.00 - 

7,000.00 7,ooo.oo 

89,917.OO 1,496.50 

6,783.OO - 

- - 

- 

4,48,585.00 

3,437.oo q 

2!5,16,608.00 8,4%.50 

FINANCE, CHARGES 

3 Interest on Deferred credits 

i> Interest on deferred credits 

- - 


- - 

GROUPING SZHliQUE - 

Subtotal(a) 

b. GuaranteeCommlsslon%BallkChvges 


- - 

ii) Bank charges 

3,568.OO 76.00 

Sub Total (b> 

3s8.00 76iO 


d Debits (Item wise) - - 

I-9 Credit (Item wise) - - 

c) Net Balance (a - b> - - 

119


1. 

NOTES PdRMING PART OF’ THE ACCOUNT FOR THE YEAR 199596. 

‘. 

Revenue grant of Rs. 150 lakhs sanctioned by Government of India, Ministry of Surface Transport to meet the 

establishment expenditure of the Authority was received during the year. 

During the year specific purpose grants aggregating Rs21.50 crores were also received from Government of India 

as detailed below : - 

i> ADB- III projects including setting up 

of Project Implementation Units 

Rs. 20.00 cror& 

ii) 

Alternative accommodation for 

the Authority 

Rs. 1.50 crores 

Rs. 21.50 crores 

The above grants were accounted for during the year. 

2. During the year no debts, loans and advances was granted to Members/ Chairman. 

i> Debts/Loans advance due .from Members /Chairman Nil 

ii) Maximum amount due from Members/Chairman at any time during the year Nil 

3. The provision for gratuity has not been made for employess during the year The gratuity would be paid in the 

year of its accrual and accounted for accordingly. 

4. No major commitments were entered into by the Authority which remains to be executed as.on 31.03.96 

5. The amount of leave salary and pension contribution was calculated on adhoc basis and provision was made 

accordingly. 

6. Previous,year figures have been regrouped wherever necessary. 

7. The Authority has moved the Central Board of Direct Taxes (CBDT) for exempting the income of the Authority 

from Income Tax. Approval of the CBDT is awaited and pending the Government’s approval, no provision has 

been made towards income tax during the year. 

84 In the absence of any demand for audit fee from CAG no provision has been made in the books of accounts on this 

account since 1989.90. 


1. Grant received from Government of India and other organisation shall be accounted for in the year of its receipt. 

2. Depreciation has been provided based on written down value method and the rates of depreciation are as per 

Income Tax Rules 1962 (Appendix to Rule 5) 

3. Depreciation on additions to fixed assets have been charged for the full period irrespective of the date and month 

of installation/completion. 

4. Consumable stores are written off in the year of purchase. 


New Delhi 

Date : 

sd/- 


Sd/- 

Chairman 

120

APPENDIX - V 

1. 

2. 

3. 

4. 

5. 

6. 

Sh. M. K. Saxena, 

Director 

National Institute for the 

Training of Highways Engineers 

174, Jor Bagh 

New Delhi - 110 003. 

Professor G. V. Rao, 

Civil Engineering Deptt. 

Indian Institute of Technology 

IIT, Hauz Khas 

New Delhi. 

Sh. Chittaranjan Das, 

Secretary General 

All India Motor Transport Congress 

16-A, Asaf Ali Road, 

New Delhi - 110 002. ( 

Sh. R&i Wig, 

Managing Director 

PHD Chamber of Commerce and Industry 

PHD House, Opp. Asian Games Village 

New Delhi - 110 016. 

Sh. B. K. Sin&, 

Sr. Dy. Gen. Manager (Vehicle Service) 

Tata Engg. & Loco Co. Ltd. 

Sales Office : Centre - I, 

World Trade Centre Cuffee Parade 

Bombay - 400 005. 

Sh., V. D&da, 

Chairman 

Tourism, Civil Aviation 

Transport Committee 

PHD Chamber.of Commerce and Industry 


New Delhi - 110 016. 

7. Sh. Jagdish Khattar, 

Director (Marketing) 

Maruti Udhyog Limited 

11 th Floor, Jeevan Prakash 

25, Kasturba Gandhi Marg 

New Delhi - 110 001. 

8. Sh. J. P. Gupta 

Member Secretary 

All India Council for Technical Education 

I. P. Estate, Indira Gandhi Stadium 

New Delhi - 110 001 

9. Sh. Sushil And, 

Chairman 

Ansal Group 

115; Ansal Bhawan 

16, Kasturba Gandhi Marg 

New Delhi - 110 001. 

10. Dr. A. K. Gupta, 

Director General 

Central Road Research Institute 

Mathura Road 

New Delhi. 

11. Sh. P. P. Dhaiwadker, 

Vice President (Corporate Affairs) 

Ansal Properties & Industries Ltd. 

Ansal Bhawan 

Kasturba Gandhi Marg 

New Delhi - 110 001. 

12. Sh. Suneel Sahgd, 

Addl. Secretary 

PHD Chamber of Commerce and Industry 



121

13. Sh. M. A. J. Jayaseekm, 

Secretary 

Federation of Indian ” , 4 

Chamber of Commerce’& Industry 

Federation House, Tansen Marg 

New Delhi. 

14. Sh. Sarangan, 

Tax Consultant 

No. 9, Railway Parallel Road 

Nehru Nagar, Seshadripuram 

Bangalore - 560‘ OdPi4, 

I 

15. Sh. S. S. Javali, - 

Ac@ocate 

Supreme Court 

C-39, Neeti Bagh 


16. Sh. Rohit Baluja, 

President 

Indian Road Traffic Education 

B-128, DDA Flats, Okhla Ind. Area 

Phase - I, 

New’Delhi - 110 020 *” 

17. 

18. 

19. 

20, 

Sh. Gopal Rajagopalan, 

Executive Director, IL&FS 

C/o Confederation of Indian Industry 

23-36, Institutional Area 

Lodhi Road 

New Delhi - 110 003. 

Sh. Rarnesh G. Vasant, 

President 

All India Motor Transport Congress 

16-A, Asaf Ali Road 


Sh. B. G. Sharma, 

Secretary (PWD) 

Govt. Of Rajasthan 

J a i p u r 

Sh. H. P. Jamdar 

Secretary (PWD) 

Govt. of Gujarat 

Gandhi Nagar

NHAI Annual Report of 1989-90 TO 1995-96 - National Highways ...

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