Profit & Loss Account

THE DISTRICT COOPERATIVE CENTRAL BANK LIMITED : KURNOOL PROFIT AND LOSS ACCOUNT FOR THE FINANCIAL YEAR ENDING ON 31ST MARCH 2020

<tr’>Provisions and contingencies

Particulars Schedule No For the year ended 31.03.2020 For the year ended 31.03.2019
I. Income
Interest earned 13 1257034744 1064532513
Other income 14 39903030 28906014
Total 1296937774 1093438526
II. Expenditure
Interest expended 15 965902318 895994710
Operating expenses 16 293043130 182835294
Total 1258945447 1078830003
III. Profit/Loss
Net profit/loss (-) for the year 37992327 14608523
Profit/loss (-) brought forward
Less Provision for Income Tax 35871455 13790810
Total (Transferred to Balance Sheet) 2120872 817713
IV. Appropriations (Included in Operating Expenses)
Transfer to statutory reserves 0
Transfer to other reserves 296149 283737
Transfer to Government / Proposed Dividend
Balance carried over to Balance Sheet 1824723 533976
Total of Appropriation 2120872 817713
Significant Accounting Policies A
Notes to Accounts B

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