Profit & Loss Account

THE DISTRICT COOPERATIVE CENTRAL BANK LIMITED : KURNOOL PROFIT AND LOSS ACCOUNT FOR THE FINANCIAL YEAR ENDING ON 31ST MARCH 2018

Particulars Schedule No  For the year ended 31.03.2018  For the year ended 31.03.2017
I. Income      
Interest earned 13  1,006,834,944 909,439,390
Other income 14 29,398,430  31,888,281
 Total    1,036,233,374  941,327,672
II. Expenditure
Interest expended 15  831,416,894  718,547,692
Operating expenses 16 170,996,321  179,356,039
Provisions and contingencies
Total    1,002,413,214 897,903,732
III. Profit/Loss
Net profit/loss (-) for the year 33,820,160  43,423,940
Profit/loss (-) brought forward
Less Provision for Income Tax  12,000,000  14,800,000
Total (Transferred to Balance Sheet)   21,820,160 28,623,940
IV. Appropriations (Included in Operating Expenses)
Transfer to statutory reserves  8,053,888
Transfer to other reserves 281,298 278,930
Transfer to Government / Proposed Dividend
Balance carried over to Balance Sheet 21,538,862  20,291,122
Total of Appropriation    21,820,160  28,623,940
Significant Accounting Policies A
Notes to Accounts B