REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
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SCHEDULE ‘10’ CURRENT LIABILITIES AND PROVISIONS<br />
(Rs. in Lacs)<br />
As at 31.03.2010 As at 31.03.2009<br />
A) CURRENT LIABILITIES<br />
(a) Advance Receipts 912.07 2,525.41<br />
(b) Other Liabilities 5,940.00 4,226.04<br />
- Dues of creditors other than Micro, Small and Medium Enterprises<br />
(c) (i) Grant from Government of India for disbursement 19,61,406.91 14,60,887.62<br />
(ii) Interest on Grant 5,090.52 3,633.68<br />
Total 19,66,497.43 14,64,521.30<br />
Less: Disbursed to Beneficiaries -19,59,821.07 -13,59,454.04<br />
Un-disbursed Grant 6,676.36 1,05,067.26<br />
(d) Interest accrued but not due<br />
- on bonds 1,56,827.23 1,17,683.76<br />
- Government/ LIC Loans 13,839.41 1,70,666.64 12,841.89 1,30,525.65<br />
(e) Unclaimed Interest & Principal on Bonds<br />
- Interest 1,523.38 1,243.49<br />
- Principal 9,950.98 11,474.36 83.10 1,326.59<br />
(f) Gratuity payable 464.72 974.96<br />
B) PROVISIONS<br />
Total - (A) 1,96,134.15 2,44,645.91<br />
(a) Income Tax 1,79,170.80 1,09,648.13<br />
Less : Advance Income-Tax & TDS 1,76,205.63 1,08,775.66<br />
Balance Provision for Income Tax 2,965.17 872.47<br />
(b) Staff Benefits 5,703.46 4,819.63<br />
(c) Provision for Incentive & Ex Gratia 3,975.17 1,791.40<br />
(d) Wage Revision 3,306.24 1,280.00<br />
7,281.41 3,071.40<br />
Less : Adjustable advance -968.77 -<br />
Balance Provision for Incentive, Ex-Gratia & Wage Revision 6,312.64 3,071.40<br />
(e) Wealth Tax 36.00 33.82<br />
(f) Fringe Benefit Tax 36.09 36.09<br />
(g) Proposed Dividend 34,561.07 21,466.50<br />
(h) Dividend Tax on Proposed Dividend 5,740.16 3,648.23<br />
(i) Contingencies - 0.82<br />
Total - (B) 55,354.59 33,948.96<br />
Total - (A+B) 2,51,488.74 2,78,594.87<br />
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