qrJ $q{ r{e MUMBAI PORT TRUST
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ANNUALACCOUNTS 20lg-2020 L
nn TqwT.qI CONTENTS
3r qr 91 fl?i 2020 +,T T{r7i +i +,r flq 3Tr a,fr fiql - 9-14 Profit And Loss Account For The Year Ended 31st March 2A20.. sr qFi 2020 zi; q-aqq-d qi 3uufrd Schedules To Balance Sheet As At 3lst March 202A 16 19 :rqrdt t 3nfaro 3ir frflr Schedule Reserves and Funds qSBrt Wfi,qfrHqffi 20-2]. Schedule lt (^anil-al Acsetc 22 23 .rrggfr rtt kq, T.rfr Schedule ilt I ist nf lnrrestrnanfc 3fi{H rv qz-6{ trqfr 24 Schedule IV Sr rnrl nr nphtnrc 25 3ljgfr v Hi t mq 3it1 a* =rm Schedule Balances at Banks and Cash in Hand 81 q-rd zozo m qnq +i m flrT 3iil Et=ir di 3Egfrqr Sci-redule to Profit & Loss Account For The Year Ended 31st March 2O2O 26 :qgfu y1 Er,rqi qIf, 4T IE-dI{ 3{11 tlsF]{ Tfm Schedule Vl Cargo Handling and Storage Charges . -rJ5fu v[ ql-d6q +, frE rrf,q 3truit a1 5frqtq 27 Schedule Vll Port and Dock Facilities for Shipping ,. e1gfu vrri m riErd-{ 28 Schedule Vlll Railway workings . su5fr rx hrq Tirq TB ,fi qqrE 29 Schedule lX Rentable Lands and Buildings rtqH x T{EI 31T{ qIqFU qlTEH 30 Schedule X Management and General Administration .... rjgfr xr 81 qrrf zo2o ai wrqr gq fosT at wnlr ir rqrflT qq 31-32 Schedule Xl op€rating Expenditure by Types for the year ended 31st March zozo wlgH xrr ft,f, 31i'{ frfrEr a'q 33 Schedule Xll Finance and Miscellaneous Expenditure Notes on accc unts for the year ended 31st March 2A2O 34-46 MUMBAI PORT TRUST ge{'it r€ BALANCE SHEET AS AT 31st March 2O2O 31.03,2020 {l Uffi T{ (ailstt) /tincrores As at 31st March 2019 Particulars /&ru As at 31st March 2O2O I . SOURCES OF FUNDS / frftEi+Htd NOT A PPLTcABLE i oll .r8r 1. SHAREHOLDERS FUND NOT APPLTCABLE / eru qEI ITIIqTr6i+ fuft (Applicable for corporatised ports only) ('iaf, Frr,irf,,n 2. RESERVES & SURPLUS(Schedule l) 1491 25 a. Capital Reserve 1661 .53 tdr 3r'iem b. Revenue Reserves {rcrEl :.Trfe{f, 41.49 i. General Reserve 41.49 qFnq qTrikd ii. Fire and Motor lnsurance Fund / 3th 3iT 1 40.1 5 140.15 qia-fiqT frfU 0.02 iii. War Memorial Fund / g(tt riTfi"f f{Rt 0.02 0.01 iv. Employees' Welfare Fund 0.01 a.+iln a-erq frfu 6.00 v. Cenrenary Commemoration Fund 6.00 187.67 g tr f vr,nk srra RF.{ 187.67 c, Statutory Reserves a?rfr-6 3Tr-{ft{d Fund 974.50 i. for replacement, rehabilitation and modernisation of capital assets 807.79 gsirr qfuiqfu*i zi E<-orq U{sreuqq .frr eiTghh-6l"r ?i frq frfrI ii. Fund for repayment 10.69 development, of loans and contingencies 10.69 fu*l,J ei.?r ai 3rcrq-fir .fn ergiiFr*. sfr t ftq Rfu 7.80 iii. Fund ior Corporate Soclal Responsibility 8.47 m.qfr(,iri) mi,flqrkm mqlP{f, ?t frq frfu 992.99 826.95 3. GRANT.IN-AID i) Upgradation/modernisation of lnternational Cruise Terminal at lndira Docks a) Grant Received from 25.00 Ministry of Shipping(Sasarmala) 25.00 10.00 35.06 b) Grant Received from Ministry of Tourism 12.50 37.50 2706.91 C/F 3II-TA 2713.6s jt.nLJ') MUMBAI PORT TRUST gq{ +J ?* BALANCE SHEET AS AT 3].st March 2O2O 31.03.2020 6T gff{ qEt (a.futi) /t in crores As at 31st March 2019 Particulars / &ftf As at 31st March 202C 2706.91 B/F 311-rt 61m 2713.65 4. Loan Funds I Xut Ftfu a. Secured Loans / iltrITIBd TFI Debentures / {uIYII , Loans and advances from/ frr{ t aq ilIT Banks 7 ft-6 1*; 1xx1 Ports (indicate portwise details of balances) q--f,q (r* iTlf!.l.ii ?il eT( { qtrflR gfot mil Financial institutions I Ef*q Vrgj Others / 3IaI b. Government Loans / {l{6R t A"f c. Loan from International Aid Agencies / .-. r, ' \ fi-d{Tqlq wIdT qT:tqT { ilrl d. Unsecured Loans / Apup1fu6 A* Fixed Deposits I frq-o qqr s. hq t tqtfrd I Rdvances rrom i) Advances received from Oil PSUs towards 273,18 cost sharing of construction of JD-5 project/ 274.33 *tn qhq+ s{Erq +* -s qficEtffir *, ffiTr tFr anan ergt qrrin ll) Upfront fees amorused (eoast Guard) / 71.47 qfirilerd 3fiq fin (aar*'qa) 68.83 iii) Advance received from MMRDA for 22.61 Reconstruction of STP sheds iv) Advance Amt Received From MMRDA As Compensation For Decommissioning Of 64.00 Old Pir Pau Jetty/Berth 6. Loans and advances from: Banks / t-6 Ports (indicate portwise details of balances) qfi (iN {rfixii * qlT ii ,:rnflrr gfu-o arl Financlal institutions I httFT rtql Others / 3tEI 7. Short term loans and advances from: Hq t 3i1a1rqcfr,f,q i?n qwiqi Banks /bfr' Ports (indicate portwise details of balances) q6q lirq rrrflrdi t qrt fr q6aqR gfu-o art Financial I institutions I fufrq fifql Others / 3l'{l I I 8. Other Loans and advances from: I ftq t Wq frur 6en \sr=irqT Banks / ti6' I Ports (indicate portwise details of balances) q6q 1$rE flBrdi * el{ ii q.m+n gfuo mt Financial institutions I ftrrifq {i,.qr I Others / 3[dI 344.65 429.77 Deferred Tax Liability 3rTRtF'a 31lzffir W 3051.56 TOTAL / W qtl 3143.42 +"o,Lob MUMBAI PORT TRUST $v{qr{q € BALANCE SHEET AS AT 31st March 2020 ?Dt qs 31.03.2020 Etrq (6i6tt)/Tincrores As at 31st March 2019 Particulars / Am As at 3Lst March 2020 II. APPLICATION OF FUNDS Rfr{i oi ftrRtinr ! 1. FIXED/CAPITAL ASSETS (Schedule-l!) frzro I tfr qffiqi lsrgq*-tt ) 7.43 (a) Free hold land I yi wfue $ 7.43 (b) Lease hold land / qiq{ fr rfr Tft 227.L3 (c) capital Dredging l X* R--o{q 2?7.L8 132,02 (d) Building Sheds and other structures/ 128.80 +rrrfr, Qts, erq Tis{q 183.99 (e) Wharves, Roads, Boundaries/ L87.57 q[a, Hs&, q-anfrmRqr tLz.24 (f) Ftoatilla and Floating Craft/ 108.36 qdrEmT aen wi-fr qtq 48.68 (g) Railway and Rolling Stock/ 48.68 kt aw H il+1,'Tftqr, kfr qH sTrR 580.16 (h) Docks,Sea-Walls,Piers and Navigational Aids 578.16 .irRql, (5( 1ff{**r, qGi k€rf,{ Hrl{ 64.70 (i) Cranes arrd vehicles ,l fiq s?R qr6{ 64.03 qrtT 54.49 U) Plant & Machinery r riris 'frt 63.7 4 (k) lnstallations for Water, Electricity, 123,86 131.60 Telecomrnunication and Fire Fighting wfr, ffi, $riEr( fri srF{qm{ fi ftrt renq+rq 344.38 (l) Oil Pipelines lnstallations 344.55 aH qTfr mf{ q.{elrq{rq 1879.08 drs (al t (t) / Totat (a) To (l) 1890.10 1125.52 Capital Work in Progress / 4r(Tfr 6I{ 1416,91 1205.17 1799.43 Less : Depreciation / E{-ar( : 5€ EIq t247.O3 2059.98 2. INVESTMENTS(Schedule lll) / fttrr (wgqfr- s111 Government or Trust securities/ 10.21 Shares, Debentures or bonds/ 10.21 0.00 lnvestment properties I fritt dqk 0.00 1484.61 1494.82 Others / €trdI 1278,97 1289.18 1494.82 C/F .3TTfrf, 1289.L8 +eu' tb*L MUMBAI PORT TRUST 5q{ {rJ q E BALANCE SHEET AS AT 31st March 2O2O 31.03.2020 6r gd-{ T{ (6irstt)/ I Market Value i q*m Sq I lnclude securities maturing within one year of the I date of the Balancesheet I L494.82 gdq qn ,3r+fu I v-d at ftfu t C t Fm+1 128e.18 | [R Eihddr *.$q qfu$rm a1 ffisr d I I As at the end of the current year 31.03.2020 I 5.40.47 airs qrq i A 3rf, t I As at the end of next year 31.03.2021 I F.1248.7r arts 3r=rfr q{ t,3Tf, t I 3. CURRENTASSETS, LOANS AND ADVANCES I I Erdqm Trr f,qr tlrFH ffi I i a. Current Assets I *iqn qftffiqI I (i) lnterest accrued on investments I I frts,r w ut (iii) Sundry Debtors (*x)(Schedule lV) I I geqilffi1srgqfr-rvy I 1017.60 (a) Government dues / flaTfr +q-flq 1044.81 I (b) lnterport dues/ 3iiilq-f,q eqclq I 2005.37 (c) Non government dues / 2158,98 I I 20.26 3002.71 Less : Provision for Doutful debts. 20.26 3183.53 I ihnrtqifteqnrq I x* I Particulars to be given separately of : I I debts considered good and fully secured .l debts considered good but not secured and I debts considered doubtful or bad I Rr{ fr--diuT emFT 3rf,{' RqT qrq i I ; dR.rqBf,':?n glq qit W xor I qrq qrt W frB{ HrurB(fra;[uT I dfue{ qr silrrer qrt qq *T I (iv) Cash & Bank Balances (Schedule V) trw ror q-6 alE ( qgqfr-v) 2.22 Cash balance on hand / EI?J ii gqq{-e1l t6g 2.14 Bank batances / Hi ii i'|.s ffit 264.64 With scheduled banks / ru(frd ffii q 2]2.71 With others /'sQ ?idi q 3290.46 c/F of,ftm 3482.53 J-eirslr.*.L MUMBAI PORT TRUST qtj uet rE BALANCE SHEET AS AT 31st March 2O2O 3L.03.2020 i6',t Uffi E[ (a-ecTt) /t in crores As at 3lst March 2019 Particulars I QRf As at 31st March 2020 -dt{ 3290.46 B/F idiffi 3482,53 t b. Loans & Advanees T-rrT iET qsrM (i) Advances and loans to subsidiaries/ports I E . sTemr ss-fi rrrcra qrFrEr A qo$r "i. l{rffiJ wi ?6T fr u irrM nqi fl"r (ii) Bills of Exchange g'n frfrq'l qEI (iii) Advances recoverable in cash or in kind 729.85 822.00 or the value to be received rcns 3Tq"[ ErrEFqq q$fr .irq tlrfi 3{prdr qrq Tq 729.85 822.00 Less: Advances considered Doubtful Of the above, Loans and Advances: EZt(: rq-ffi t,ii6Til-+' rrTfr'rfr {q defl qirFld a. Fully Secured / nEui{ftd b. Unsecured, Considered Good 3rqrl8ffi,3l41 q.,i,r ,qi c, Considered Doubtful 729,8s ,i'?Fidra. qrfirr{l 822.00 4020.31 3r=rfiH 4304.53 +eue t,,*L* MUMBAI PORT TRUST fq{+dw BALANCE SHEET AS AT 31st March 2O2O 31.03.2020 iDI gf,{ qE{ (q,-i-stt) /t in crores As et 3!st March 2019 Partlculars I tsTlqf As at 31st March ZO2O 4020.31 eln :nt f,rffi 4304,53 LeSs: CURRENT LIABILITIES AND PROVISIONS qaq: q-dmq ffi f,fi stdtIIT t A. CURRENT LIABILITIES / {dqH t{frt( 162.43 (i) Pension Fund / ftgfr +fr{ frftI 190.55 1408.55 (ii) Provident Fund / qftq frfu 1301.37 9.08 (iii) Gratuity Fund -3.96 -0.02 (ii) National Pension Scheme -1.63 (iii) Sundry Creditors i ftfrq iilrqT 364.11 Salaries & Wages Payable / fl {fl{ 3iR H-q-df 365.04 2.L5 Stores / q-qT 4.27 97.72 Accrued Expenses / fr{tfd qq 748.28 Unadjusted Sale proceeds o17 3ffiril?ifu-a 75.29 Unclaimed goods f feftff qfq 50.70 6.9s Surplus Material I iTftft4f, {lr.n 2.36 Miscellaneous creditors and credit balances Other than interest on port specific investments qf,{ ?i frf}rq fririqr ffiT eqt*I Eil-Eqil qfu.i Demurrage payable to Railways I m dI eu' 6.64 6.67 frmq sfm -4.34 Statutory Payments i aqTfr-o Uil-dll -5.48 Liability towards Capital Expenses I 50.86 Wifrd 69.92 eq ?i, frq qTfrrd'r{ 40.61 Others / 3IdI 47.39 97.40 Miscellaneous creditors and credit balancs 140.58 Other than interest on port specific investments -qfugi i+riEtr sirr qqr iiu - q6-a ,i frf).rcz ffirim ar 4.46 Centenary Com memoration Fund 5.98 rrorfr Tfrqpr Rdi Advances from Merchants, Contractors & cthers 1428.07 qmftii ffii f,erT 3rRir i 3rfiq qdr l-479.25 cash / tt-m-g Securities / {q'[il uTqt Less: Securities at Face Value Held against -]^.79 -1 79 deposits from Merchants, contractors and others qzniq : qqfts] ffi f,en 3r{ir t srrd ffiI A (iii) Amounts due to other ports for services ir4r A fttq 3rq rd=ilai l{ nf}J (iv) Other liabilities /0i-q Ezrd( (Revenue A/c temporarily overdrawn.r {cfg rerfr t q"d rtzt 6 frq Fralfrii ,rzi';qra 3682.11 clr :u-fre 3739.50 +*.+'roL MUMBAI PORT TRUST r r \r rq{ qlz rE BALANCE SHEET AS AT 31st March 2020 31.03.2020 4t gdq qi{ (aisti) /t in crores As at 31st March 20i9 Particulars I &fm As at 31st March 2020 3682.11 azr eni drhqt 3739.50 b. PROVTSTONS / glqrn?r t (i) For Contingencies I 3fl6fr6dT * frq L44.26 (ii) For taxation (net of taxes paid) t44.26 fr-,J 6 fuq ( -grdn fu.qr qpa^m+ ar ) (iii) Other provisions / 3l;t{ qlElqfq 1478.19 Provisions for unrecovered Estate Rentals t478.19 qgf, q kq {'rqT fuTql A frq HcttIiT 5304.56 5361.95 -t284.25 NET CURRENT ASSETS -L051 .42 432.52 Deferred Ta>: Asset 432.52 3iT€r'i-d 6r {qdi' qTFrfutr E-riflq qffi MISCELLANEOUS EXPENDITURE (To the extent not written off) Eefi' ,Trf( q-€'qTA q { strtT g,qT ) a) Preliminary expenses I qRfu6'Ef b) Expenses including commission or brokerage on underwriting or subscription of shares or debentures ii3[ iTzm {rqir si:,rnn W'ft,q mftlrq ste]qr citfrtq T-931T ri{ B-dr6r c) Discount allowed on the issue of shares or debentures it3rr 3{T{r flqf, q[tr o-ifr srq t?r .rfr qe d) Interest paid out of capital during construct;on (also stating the rate of interest) frqi,T rir ir?:r Wfr n fu-qrrqr edm 6l grr-on(erw 6r qI ffim,fl) 6 -851.73 CIF 311FTrf, -624.90 l*.*lr'eL MUMBAI PORT TRUST fe{ qrj *. BALANCE SHEET AS AT 3].st March 2O2O 31.03.2020 /( gil{ Wt (qrf,stt) /(incrores As at 31st March 2019 Particulars / &fft As at 31st March 2020 -851.73 B/F 3{H drffi -624.90 e) Development expenditure not adjusted 3{lrrTiirfr--d ft-6r,1'qrf a 2.00 f) Other items (Port Property lnsurance Premium) 1.89 3rdr rE (lqsq e-.mrq ) 2.00 1.89 607.04 Balance Of Profit And Loss Account 4t7.27 ilq fr( €rR frlqrftl 3051.56 Total fr'tT 3t43.42 gf,Trd B?R 5.i..t-61 q-flB.fr.ri em'q-t.a-di / Signatories to Balance Sheet and Schedules thereto & e-o=k*"L ffiqFTrfiFRwgqffi EIETfr Financial Adviser and Chief Accounts Officer Chairman MUMBAI PORT TRUST g$i,ir re PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST March 2020 31.03.2020 qir ffirH q{ + frq ilE tr( Hfr fur oie r. i) / r. in crores 2018-19 Particulars i &m 2019-20 OPERATING INCOME qft:qrerq errq 1. Caroo handlinq and storage charges *mm {qsr{ enn $gnq q:{R 238.80 Handling and storage char-ges (excluding container) 202.48 rI=EtrtE nen {irr6r qqTr(a-irr dT-s-6r) 198.57 P.O.L. Handling Charges 232 35 qi ?iT q€dd "1 s{ilr 13.94 Charges for container handling 13.73 (includi ng containerised cargo) 42qr 1r.6nrri A frq qqi{(Eiz-fl qmfi {Bil) 57.t6 qeFfr 50,60 UfitqrTtT / Stevedoring charges 52.72 36.43 Demurrags 7 fuq lfda6 20.10 16.88 Miscellaneous income / Ezm'STfq 5E1,29 557,41 581.29 ctt 3.r{l-c 552.41 +e.e6 *^b MUMBAI PORT TRUST 5qi'irj re PRoFlr AND Loss AccouNT FoR THE YEAR ENDED 31sr March zo2o 31.o3.2o2o *\ qrr< q{ + ftq drq .fr( rrft +q'r 7 ,; 20L8-19 Particulars l SqKI 2019-20 581.29 elr 3Tm drflq 552.41 2. Port and dock charqes KH ilqr frft qqn 208 70 Fees for pilotage, towage etc. 236.62 ur+f,ts, aa-q * frq qET{ 201.50 Berth hire charges, Pier Dues, Anchorage Fees etc. 257.45 qIz hrm T"m t47 16 Port dues 151 38 .rf,{ Eq 10.14 Dry docking charges 15.17 FFif, ,irfr qqr 47.37 Miscellaneous income / Qr&F{ 3IlzI 53.40 614.87 1L4.02 3. Railway earninos to snrcn 1.93 Freight and haulage 1.66 qieT 3t{ ffi qqR 0.06 Siding charges 0.04 urqBT qrtT{ 1.61 Terminal charges L.49 ffia6 qqTi 2.21 Miscellaneous income / Erm .:ffq 1.99 5.8I 5,1E L20]..97 CIF 3n-rfr-d 1217.61 $u.,rt-*h 10 MUMBAI PORT TRUST gq{ qti re PROFIT AND L0SS ACC0UNT FOR THE YEAR ENDED 31ST March 2020 31.03.2020 +1 wm q{ * Rq oil T tr'( Erfr frqr of,s t. i) / t. in crores 2018-19 Particulars /&ffi 2019-20 12 01.9 7 *ffiffi'* BIF 3rri dTqrii t27L.61 I 228.s8 Rent from land 330.07 alft i{ h.rqr 27,46 Rent from building, sheds, and Godowns ?t 54 '{n d :,ie nqr fiET{i n ffrr,JT 23.90 Recoverable property taxes etc. 72 97 qrfifl iirq {qfu 6r qrfr 16.41 Miscellaneous income I qZ61 3Ttzt 16 39 2 96.35 390.97 1498.32 IOTAL OPERATING tNCoME (a) z ao trm qrq (r3t) t662.64 OPERATING EXPEND]TURE / W[iffi A]'q 466 48 1. Cargo handling and storage charges (Schedule Vl) 426.47 'iraqT {ef,q 3Xr qsr{uT E*rr' 1:r19fi' - vrl 248 96 2. Port and dock facilities for shipping(Schedule Vll) 261.02 irda +r frq qd;i aqT +ft gfqqrq twgqifrl - v111 25 60 3. Railway workings (Schedule VIII) 25.64 rd ridkild teqEfi,- vnt) 95 76 4. Rentable land and building (Schedule IX) 104 38 ffi fi.q qF eiTi {rm lwgEzir - rxt 384 46 5. Management and General Administrative 388 19 Expenses (Schedule X) qEq aeil qmrq qitTqkfi q?i 13ry,.Is - x1 L22L.26 Total Operating Expenditure (b) (Schedule Xl) 1205.70 W qfrqTd-{ q-q (a)(erggft - y1 ; Operating Profit (a) - (b) ctf ,3Flfr-d 277.06 qRqm{ efte}q (eo-(E{) 456.94 +.*lr-^L 1I MUMBAI PORT TRUST gqi .iri rtz PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MaTch 2O2A 31.03.2020 d qqm q{ A ftrq mrq fr( Erfr fur ats t, i) / t, in crores 2018-19 Particulars 7 Bfl-qt 2019-20 2 77.06 BIF 3{lI f,lznzl 456.94 Add : Finance and Miscellaneous income frB: t+m ffir Eao"r eTrq 35.00 lnterest earned on earmarked Funds/ lnterest on delayed 65.36 payments 0.54 lnterest on staff advances 0.45 6ffii qi[ EI Tril'tsr-ir w erq, 6.09 Profit on sale/disposal of capital assets 3.51 q T-ff'm qffin fi ffiiRq-ffi oril 0.01 Profit on sale/Redemption of investment 0.00 8.86 Prlor perlod lncome 1.94 fr'd.tr si-dRr +1 'ltq 8.13 Sundry receipts i Erfl qrk'qT 7.00 58.63 7B.32 942.73 Less: Finance and Miscellaneous Expenditure (Schedule Xll) 345.50 q-as,(s foo oqr Ez-fi ':ti 1qafr - xll) -607.04 Surplus / olfuAls 189.76 189.76 -607.O4 pRoFtr BEFORE rAx(c/f) / 6,(s ilq (s{T+il lr-*h-Jo' t2 MUMBAI PORT TRUST Usi'in rs PR0FIT AND L0SS ACCOUNT FOR THE YEAR ENDED 31ST March 2020 31,03.2020 fr aqrq qq fr frq ilq m( 6rfr ter (ois t. t) / t. in crores 2018-19 Particulars /&K 2019-20 {1 BIF Jil]T fiIqTI-{ -607.04 pRoFrr BEFoRE TAx(b/f) I arr{ qpr tent Enqr rqT) + 189.76 Less, Provision for taxation q-eTde 6Trtm rq qrdqT{ (i) Current Tax / ElE 6{ (ii) Deferred Tax f .f'.qttld A (iii) Fringe benefit Tax /ffi UEw frIrI 6{ 0.00 0.00 -507.04 PROFIT AFTER TAx / 6T ITAqTf, ffiq 189.76 52.51 Add : Withdrawal from Employees Welfare Fund 54.11 qB a a{qrt 6GrM t{fut ffi -s54.53 244.47 Total Deficit / Surplus QtT qfq / 5U qfttlq Less: Appropriations qarEq: fqftdrrl Fund for Replacement, Rehabilitation and Modernisation of Capital Assets Wfirf, qftffi<"n * qwrq g{arerqq iRr' sTrqftfufi.T + frq frfUI 52.51 Employees trVelfare Fund 54.77 6,iETt a-r,qpr frilt Fund for Development , Repayment of Loan & Contingencies kfir'{, Tq qlilm d,JT srTiFIil rq-d * ftN friir other funds (port specific) / 3Iq ftfU ( frB,w,ird) Fire & Motor lnsurance Fund e+fu aan {rei{ frqT ftF{ Net Surplus Transferred to Balance Sheet * * -607.04 +-,.1 :rf)+ifU qcil{ qd ;, 'qfffCfd fuqI 189.76 arq .E?n Erft +qr 3tr 6q-* eig{trii qt rsrercaai / Signatorles to Profit & Loss A/c. and Schedutes thereto J--,*f"-'-iL,' trdqft{run{q,i gqArqrffi €nunT Financial Adviser and Chief Accounts Officer Chairman 13 MUMBAI PORT TRUST j-l \ r- rqE qre r€ PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31Sr March 2020 31.03.2020 df mna q{ + ftrq Fn { 0?R Erft tqr (rile t, t) / t. in crores Typewise details of Operating Expenditure (atg t. +) / T. in crores 2019-20 2018-19 (a) Payment to and provision for employees t mrfErfuii air g.roil $r:, ts-{i frq qTqrr{ i) Salaries, wages, bonus etc. 816.s2 85s.s2 +il{, q-dfl1, dnr 3TrR ii) Companies contribution to provident and other funds r{frq fr'{te frfU dprT €i-dr frRrqi q qlrfr 6r eisrera iii) Gratuity / 6[(I-{ iv) Workmen and staff welfare expenses 6l-Il-{R aqr afat ae+rur :-d?i 54 1t 33.12 (b) Operating expenses / q-qfflO q?f i) Repairs to plant and machinery (showing separately amounts incurred 1 70 2.27 towards vessels/crafts, cranes and general plant and machinery) wrq ,3fuq qrft{it at qr.'qf, (qErq / arq<{ ziq{ neII flr{rEr ryq 3ip1 qltrfll qr fuqT q.f sro,r qiiqr q[q) ii) Repairs to building (including sheds) / 19.03 10,09 qq-Rdi at n'qa ( nrr.ir {k{ ) ,l iii) Other repairs / Tq I..ru1f, 37,98 30,12 iv) Stores / q?iFI t f,tq1 .rfr flqrfr 3 8.52 40.40 v) New minor works / qq fr ffi.f 1.18 2.L7 (c) General Expenset 7 qHfq q{ i) Rent, rates and taxes / fu-nqr, <'Sn qr 4.22 4.L5 ii) Audit Fees i il,a Vfral s3m 0.42 0.33 iii) Water and electricity charges / Sf, f,qI fr-{-d 9ER 49.22 s0.56 iv) Communication expenses (including telephone, telex,fax etc. 0.60 0.59 ,jqn- alzrr,€{T q( -qd ( {i.r+rq, 2i-dg, .Fffi rTBd ) vl) Other expenses / 3fq rq'd * 181.61 191.34 1205,70 7227.26 * for details please see Schedule XI +er.'rLt*L l4 ffiw\E' e{tr'E my#F #ryv ffiffi fu ffi *** Schedules to the Balance Sheet ,And Profit & Loss Accounts qrl$6 iler 2019-20 31ffid zozo d 6cz-o q:r 61 s{-q-q,fuur ^ragqff _ I ffr 3rTrfud F,HIq }ITfuTd ftF't Capital General sTrftH'fr( frfu Reserve Reserve Fund RESERVES AND FUNOS qtq:r qrd zorg fr Balance - 31st March 2019 7491 25 4t.49 frEta {Grcr fut t sirrcm -- Add: lContribution from Revenue Account -- Il',lFI ff{ t 3ii?."I Transfers from Revenue Accounts orq e{RRrfl ,$R ftRrqi t 3ffiwT Transfers from Other Reserves & Funds pfr, emfrra (i) Capital Reserve.. Hrqrtl orTdkd ftRr (ii) General Reserve Fund.. g-"it qRHqfrqT f q..orq, gqsem-{ 6n sqhairmrar * ftTq ft,?r (iii) Fund for Replacement, Rehabilitaticn and Modernisation of Capital Assets. 166. 7t E-fls {"ii 61 crdTq,fr 3ir 0EqFr-6-dT t ftrt frRr (iv) Fund for Development, Repayment of Loans & contingencies (v) rirq{ ft}fr / Sinking Fund.,, sffi Biilrur --- Other Transfers --- 6fufr / Tf,Y{ 6ffii ir qrw 3il-q Repceipts from Em ployees/Ex-em ployees... rIdg* a.ffi fr qr-il fuB-€T gfrtrT +r fti& qTq 3Trq Receipts from ex-employees towards Medical treatment 3r+I Misc./Other 3.57 3qt-fiT rrEmrfr qem qi,xuT Loans granted to Consumers' Co-operative Stores utffi ft€i d-r'q?Fr,TrcNqr aTq-+i q{-fr Recovery of half-yearly instalments together with interest on the outstanding balances.... frae.ii .r( qtci lnterest on lnvestments. 3Urqin Carried forward 1661.s3 4L.49 -{- o'-'l-r^-'ltt 16 AN N UAL ACCOU NTS 2OI9-20 SCHEDULES TO BALANCE SHEET AS AT 31ST MaTch 2O2O SCHEDULE . I (ofu t t)/ t. ln crores ,itqT qftriqfrruT qEET{ 3i*tr 3i[',rT71 6ffi 6ErM y."rt 6 k6r(+ xrir Eir '3rdlq.?r lrorfu Er-r6 ffir :Tn-1.s frFr T{:rflrq -r r{TirdBT,rT :rf sqqP661 RRi qr'6 hfrl ?i fu-{ HFI m frt iqfeJ Fire & lVlotor Employees' Fund for Replacement, Fund for Development, Centen a ry -fnctrronce.Fund Wetfare Rehrbilitation Repayment of.-"--. t and War Fund and Modernisation Loans and Fu no 740.17 0.01 97 4,50 10.69 6.00 54.7 7 t4o.t7 54.7 2 97 4,5A 10.69 6.00 +rcr3 IJ" l drt$6'frur 2019-20 31ad zozo 6 qero q-l m1 BrgqfruT srsryff - | TrT 3rT&a qrqrcr gTrftffi ftF,r Capital General eTnkn ft( ftfu Reserve Reserve Fund RESERVES AND FUNDS Brought forward 1661,53 47.49 q-d{A c (i) dr GiilnT -- Less: Transfers to -- (gr) n-qg .r'qT (a) Revenue Account. (q) qTa (h) lleficit (a') .:rq'3ilriRfa fiT RRr (c) Other Reserves & Funds (Capltal Reservers) (ii) u{-fl-q Payments...... (iii) eilq ei.p.nT Other Transfers 0.00 0.00 r Balance - 31st March 2O2O / i! - 31 qIE 2420 1661.53 47.49 18 ANNUAL ACCOUNTS 2OI9-20 SCHEDULES TO BALANCE SHEET AS AT 31ST March 2020 SCHEDULE - I (ots t t)/ <. in crores a.'a.'. 4., l+tif lf, HZrfiqT 4T!lN 4FIIJT r"I qr.J?lqm,T 6 Td,qE i{4T?I^, TIITI 61 3ldI'nTI lHTr.r qrc; frii, uor gE FilTI gq:uq-{ 3Ir STgfrfiqrnl 3{l?- ftlil qr.q, f-iftr +ffiftftr +ffiftiE Fire & Motor Emplo;zees' Fund for R.eplacement. Fund for Development, Centenary lnsurance Fund welfare Rehabilitation Repayment of Commemoration and War Fund and Modernisation Loans and Fu nd Memorial Fund of Capital Assets Continqencies 140,17 54,72 I 74.50 10.69 6.00 166.71 54.7 7 0.00 54,71 166.71 0.00 0.00 L40.t7 0,01 847 .79 10.69 6.00 l*".='t*L rA & c,Lo 19 ilfu fru zo19-zo sr drd 2o2o 6 q-aur qa of or-{qffiqT ergffirr qt{iqRrqr (fr Em d,6 CI,PITAL ASSETS GROSS BLOCK or k+.rur zors qq q cffiFiT r alg q qRqEfq drr$' qd ed t EriT{ 31 gltl 2O2O 4'I Particulars of Assets dr As at Additions Deletions Adjustment As at 1st April during the during the during the 31st Mgrch ?o1 q vear vear vear 2020 t. 1T'T 7.43 7.43 c LAND il. ta} FmdnT 221.13 0.05 227.78 CqPITAL DREDGING il1. m, iie, erq@ 732.02 0.s8 3.80 128.80 BUILDINGS, SHEDS, OTHER STRUCTURES., lv. 3.s8 qz. {s-4, e-dTftETRqT 183,99 L87.57 WHARVES, ROADS, BOUNDARIES.. wrfr qiq 712.24 3.88 108.36 FLOATING CRAFTS.... vl. 48.68 H ot{ qm {a?D' 48.68 RAILWAY & ROLLING STOCK,.,.....,, vil. .tftq.r rgfr Aaf dq ftare-q {Tq-{ 580.16 1.54 3.54 578,16 DOCKS, SEA-WALLS, PIERS AND NAVIGATIONAL AIDS., vilt. ria frl qtaq 64.70 0.67 64.03 CRANES AND VEHIC1ES...... ,.,.... tx. rizjx ft:qltrt 54.49 10.00 0.7 5 63.7 4 PLANT AN D MACHINERY..... ,:rFqtrqq 12 3. 86 11,61 3.87 131 .60 wo, Grwff, ESiER elr t ftfi ri{Pnq I NSTALLATIONS FOR WATER, ELECTRICITY, T:LECOMMUN ICATION AND FIRE. FIGHTING, 0,17 xt. t-f, qT{q mRiq {€rTqqrq 344.38 344.55 OIL PIPE LINE INSTALLATIONS. tfultXt/Total troxt 1879.08 27 53 16.51 0.00 1890.10 xil, ilE (fr mr=i CAPITAL WORKS !N PROGRESS PLAN WORKS 1115.57 309.74 13.93 1411.38 NON-PLAN WORKS 9,94 9.19 13.60 5.53 1125.51 318.93 27.53 0.0 0 1416.91 6E Fltg Grand Total 3004.59 346.46 44.04 0,00 3307,01 +*'*+"-*\'' 20 ANN UAL ACCOUNTS 2019.20 SCHEDULES TO BALANCE SHEET AS AT 3ist |4aTch 2O2O SCHEDULE II (ois(t)ltincrores {ffi -6ra' ua qrq DEPRECATION NET BLOCK Aq q 6T TIZIT +i n fuin-q rl-Ezl q"t-E 1 T{d 2019 n mi 2o2o 4T 31 qIE 2020 6r 31 2019 41', qIZIEII{ .1fr q ,lqi.irr{ W Accumulation Provision Adjustment on Total as at As at As at as at made during deletions, etc., 31st March 2020 31st March 2020 31st March )019 1st April 2019 the vear durinq the year 0,00 0.00 0.00 0.0 0 7.43 7.43 39.57 4.47 o.oo 44.O4 183.14 187.56 96.94 2.92 3.56 96.30 32,50 35.08 1 16.48 11.50 0,00 127.98 59.59 67.5L 84,46 4.57 3.60 85,43 22.93 27,78 15 70 0,71 0,00 76,47 32 2t 32 98 320 04 22.17 2.71 339.s0 238.66 260 t2 45.51 2.94 0.67 47.84 16.19 19,13 39.83 3.72 0.75 42.80 20.94 14.66 106.07 3.18 3.87 105.38 26,22 17 79 340 50 0.78 0,00 341.28 3 27 3.88 1205.16 57.03 15.16 1247.02 643.07 673.92 1411.38 1115,57 s.53 9.94 1416.91 112 5.51 12 05.16 57.03 15.16 t247,02 2059.98 L799.43 qrq qf m Frnq 54.4Q For Current year frE-n 4f t ftq 2.63 For Previous year 57.03 1"""=t-*L FA & CAO crffi6 dur 2o1e-20 gr a-rd zozo 6 6cra qsr dt Brdzfr{T sr^qu1d ul 31,.o3,2019 :.t y riytr-r<4l q) .{qfilll I ilfr ifi qrqr"f, 3mjem ftR .i,r gE gq:rqTrfi 3lf, 3Tlgifdffi,rri Fr{r qr.ra I Ef, fqffr{ffi ftFr +rfrnfrtu I Total investment as on Fi nancial lnstitutions General Reserve Fire & Motor Fund for Replacement, I 31.03.2019 Fund lnsurance Fund Rehrabilitation I and War rnd Modernisation I Memorial Fund ot caJitat Assets I rseT fq mrq-d fs q-fl8T Fq mF-n Tf, q-s8r ff, f,l-rr{ {E TgsT Tq fl-T{ fq Face Value Cost Value Face Value Cost Value Face Value Cost Value Fa,:e V alue Cost Value sifqgIoTRfigdqsIffiiT 4.50 4.50 Share Capital in IPRCL 4.50 4.50 4.50 4.50 (o) / (a) 4.s0 4.50 0.00 0.00 0,00 0,00 qq fr t iir eEq{ 0.00 0.00 Bonds of MPEB 3.00 0 ocl {ft o} w qq qm. GiErrtd I 0.00 0.00 Bonds of UPCSMF 0,00 0 00| qq q{ sTR €r fi qqqd 0.00 0,00 Bonds of MSRDC i qir qfl{ .iqq-d I 10.00 10.00 Bond of Ennore Port I dr Eiqqd A fr 5 \rd I 0.00 0,00 Bond of KBJNL I qq E1 3rTq dT15 0.21 0,21 SBI Life fi,q',{ { A ddq-d 0,00 0,00 Bonds of PSUs t0.2L 10,21 (s) / (b) 0.00 0.00 0.00 0.00 0,00 0.00 pEPOSTTS - qqr (I&r aqii t 1480.11 1480.1 1 with Banks 0.00 0,00 34.53 34.53 I_480.11 r_480.11 (a) / (c) 0.00 0.00 0.00 0.00 34.53 34.53 .is (er) t (a) L494.82 L494.82 Total (a) to (c) 4.50 4.50 0.00 0.00 34,53 34.53 Rrqut / Note : sst frttt Quoted lnvestments em-sga frhr L494.82 L494.82 Unquoted lnvestments 4.50 4.50 0.00 0.00 34.53 34.53 o.ifltr aerrtr FrPd ?i frq dri ftts.I +& B t Employees'Welfare Fund has no investments. +.-.ol'.*L; 22 ANNUAL ACCOUNTS 2019.20 SCHEDULES TO BALANCE SHEET AS AT 31ST tVIaTch 2O2O SCHEDULE III (6N(t)/(in cr0res 31.03,2020 3n, r,{qFrm-dT smk +qrrfi d6 i* ii,.ff{frftr qhq __ " frftl ffi frRr 3{cffi11q4k6trTf fr$ gf, fi{er Fund for Development, Centenary Provident Leave Encashment Total investment Repayment of Fund Fund as on Commemoration -a------Contingencies q-qH q.{ei dtrm q-qei ru-rn 1"q mrrm T,,,f, Tq8{ Tq dnr T@- rq trq [s8r Fq drm Tdr Fq Tq Face Value Cost Value Face Value Cost Value Face Value Cost Value Face Value Cost Value Face Value Cost Value 4.50 4,50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.oo 4.50 4.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.00 10.00 10.00 10.00 0.00 0,00 0.21 0.2t 0.21 0.2r. 0.00 0.00 10.00 10.00 0.00 0.00 0.00 0.00 0.21 0.2L 10.21 10.21 0.00 0.00 9.00 9.00 1230.94 1230.94 L274.47 L274.47 0.00 0.00 9.00 9.00 1230.94 1230.94 0.00 0.00 L274.47 L274.47 10.00 10.00 9.00 9.00 1230.94 1230.94 0.21 o.2L 1289.18 1289.18 10.00 10.00 9.00 9.00 1230.94 r.230.94 0.21 0.2r. L289.18 1289.r.8 qfr tfdlk rHFa RP.I frqir F.6.00 a-{s ftP{ {iaq a friq 3{R E.s.co 6rTs er6, Qrq A frq gg B I lnvestment of CCF iricludes Rs.6.00 crore on account of Corpus Fund and Rs.3,00 crore on account of Cash Balance, l-*,=t-LJ'-p FA & CAO crffio, ftqr 2019-20 ANNUAL ACCOUNTS 2OI9.2O sr ard zozo d gra qx @t Brgqftui SCHEDULES TO BALANCE SHEET AS AT 31st MaTch 2O2O egqfr ry SCHEDULE IV fi T{ tfl.if * anq P{P{E +ffi,ft * ft. 31 qd zozo fr1 Rqtr Sundry Debtors As On 31st Ma rch 2020 For Different Services Rendered totsrt)/Tincrores- fuErq / Particulars 20L9-20 2018-L 9 ffif, frfr qqn Wet Docks Charoes 215.1s 2 0s .99 lftd-d,irfr qtilr I lDry Docks Charges. 2 33 2 4B I 1.. qarf,-{ lq6-z:fl Container Operation... I 10 28 I 81 I ira-"1 H Tqiet-d qtilI I lVessel Related Charges 11i 62 73 00 I ,iqqrffi Estate Rentals 2s34 75 2447 08 eiil. {qel ffi Bunder Estate Rentals.....,.... 28 64 28 64 frqTd zffiqf, qqr Accrued Terminal Charges... 5 07 5 07 tuBsW M iscel la neous Services. 18s.29 187 33 Miscellaneous Services (GST Debtors) 113.15 69 78 frfrq Err Fmtur 6d Deposit Works -? 49 -5 2t 32A3.79 3022.97 * Brq ilq {rfu fr fteI t F. 970.80 a.fr-s sqdf at qffii / furrgql{i t eEo fu rfr nD,r {qET frqr{T * Szar cTqT-gTfr d q-St t (31,03.2019 a1 to13.42 6iis F.). Fqq 42.62q-igfi{rRTft1trffi+fudrqqqq}k.dfrqrqqrt x As against the remaining outstandings, t.970.80 Crore have been recovered from lessees / tenants and are lying in Estate Deptt.'s Misc. Advance A/c. (t.1013.42Crore - as on 31.03.2019). An amount of ?.42.62crore has been adjusted against the Debtors j*o"-''-J* FA & CAO 24 arffim' drn 2019-20 ANNUAL ACCOUNTS 2019-20 Et ard zozo d 6rrar qx qot sr{qfuul SCHEDULES T0 BALANCE SHEET AS AT 31st March 2020 ecHEoLIl-s rz z .sirr* rZ i\.\.\.\ i\ \ *il q 9Tq 3TR ETiT;F5E BALANCE AT BANKS AND CASH IN HAND (otstt)ltincrores kq(ur / Particulars 2019-20 2018-19 q.6T q GFIT {rtTT Deposits with Banks 115 75 L79.25 ffi,i q-{r nlir (qrqrftii, ffi s?n srq di' 3irt{) Deposits with Banks (on behalf of Merchants, 33.96 43.79 Contractors and Others) ffi q rru (wu Aqr'r; Ealances with Banks (Other Departments) 19.80 s.61 EiE qrdT / CURRENT ACCOUNTS WH qEIq grffe I Port Community System €z Ei6 olrs tgqr s@ TJcfq r.Cffll / Revenue Account 9.30 32.67 qiqfr (fid) ,i; gililfr-d,i; frq qrdr CorporateSoclal Responsibility Account 0.01 0,00 qftq frih 'enr Provident Fund Account 4.79 0.37 gfr=ua era :rm gBq I Union Bank of lndia 25.27 0.26 iEfi e"+. qt-dr / lndian Bank Account 0.07 39.44 0.07 33.37 €z eh 'lTrq,'iBqr i srATE BANK oF INDIA JD-5 Project Escrow Account 3.42 2.33 lfrnr={ ,ffiq{ Bt( aTf .t-6av @ 0.00 0.00 gBqq 0ir6(Ftrq Yo I rruoreN ovERsEAs BANK q?H rqHI / Salary Account...,. 0.34 3.16 0.29 2.62 2t2.71 264.64 u* roq Cash ln Hand Wgr ElTfrr iD qm With Accounts Department. 0.02 0.12 3ru hqTrit * qrr With Other Departments ..., 2.12 2,t0 2.14 2.22 +e-*"J* FA & CAO 25 drfu #{T 2019-zo ANNUAL ACCOUNTS 2019.20 st a-rd zozo o1 Birrkr ara sftd 6rd #{r mt slq-ffi SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2020 erSq* o SCHEDULE VI u-6rffi ara o1 u-fl"rr$ sfu aigz"r CARGO HANDLING AND STORAGE (atgrt)ltincrores 20L9-20 2018-L9 rrsi ?,ip- Tdrdr cmiarc-dri 3mti=r.ur Handling and Storage of General Cargo at Sheds and Wharves., 298 34 337 90 qrq sA,rirETq t rq"{r Warehcrrsino.... 4 B8 5.41 a-aq1FE-alHr& ai 3fu :+-q;hiiar qftqrf,-{ Sr a-yaior Operation and maintenance of Container Handling Cranes and Other Cranes.... 16.61 77.48 iilfuqq, ifl, .ia6 rrcmd Handling of Petroleum, Oil and Lubricants,..., 25 15 20,98 .ilfcdi 3TR rismftiriil flqrq gfurrciisl azl Expenditure on general facilities at Docks & Bunders 24 39 24 93 .{rmfi 311-r qFnq qzl Administration and General Expenses. 34 53 32.94 c,l ETz Bqiq-6{ New Minor Works 0 00 0.08 ff, 6T{ 22 57 26 70 .Depreciation...... 426.47 466.48 QE / Total I \._ -l\L*"-&wFA & CAO 26 dlfu fr-gl 2o1e-20 ANNUAL ACCOUNTS 2019.20 st drd zozo o1 fldrrn ma aftt 6rd #{T 6} u_qlfrqi SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2O2O s{-q-grit 7 SCHEDULE VII 6fl-{6dr 6 frA qrrq eftt afl-fr @t qftgrTs PORT AND )OCK FACILITIES FOR SHIPPING (6fis{})/Tincrores 2019-20 201E-19 qrzSqlr Erd a drTr Towing benthing and Mooring 119.87 111.671 I q.dqr Frjf,nT I Pollution 1.58 1.07 Control. l qrzrrz aril Pilotage. 15.51 16.30 rJq .ir.t qq Dry Docking Expenses...,...... 2.15 4.74 irE-dr t frq wi'qfi il$ Water Supply to Shipping,..... 1.49 L,73 31fiqsrr{ Fire Fighting.... 21.24 18,40 frfliu1il1 W qila,rr Dredging and Marine Survey. 41.19 42.38 qErII]Z T5N Harbour Patrol 1.70 1,95 R@lffi {rq+i 6r qfrq]"H .frR su{qjrT Operation and maintainance of navigational aids....,.. 0.96 3.L7 fqlr 6Tq 3ilT ;Inrrm Tirq.f, Salvage and underwater repairs 2.30 2.99 .trfuir 3irr-dd{,Tdt qfr frffir qgE qraiT3ii uTR rt- 3uTt{ur Maintanace of dock and harbour walls and marine structure, etc. 6.51 3.41 JTelRt{ 3tr qrrrq qq Administration and General Expenses. 19,12 14.25 ' r .- n . , {q 6TZ l;mM-4-rq New Minor Works. 0,00 0.00 {fl Fr-{{ Depreciation. . .. 27.44 26,89 AtI / Total 261.02 248.96 l" esel-'-"llu FA & CAO 27 ilfu d-eT 2o1e-20 ANNUAL ACCOUNTS 2019.20 st drd zozo m1 rrrrTkr efot e-r-fr #eT e1 e-^Wfr{tr "nar SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 20?0 srffi a SCHEDULE VIII fua dqrirdT RAILWAY WORKING (a.ltst}lltincrores 20L9-20 2018-19 H qro ffi ,sTR ar qRqrf,{ str rucl"T Operation a nd mai nten ance of locomotives, wa gons,etc, 2 92 2.18 HqE R-rif, :lir $- €rrq qrfr BiR {riF*T qft"Ttrt 3rgrttrrT uii. qelrrfro qq Operation,ma intainance a nd administration expenses of stations yards and sidings...,.,, 15 l4 15.40 lrTrfl{ $11sq-q 4zl Administration & General Expenses 4 73 5.21 qr{ Er-c frqiq-6T{ New Minor Works 0,00 0,00 xq Fm 0.87 0.87 Depreciation.. , . {U / Total 25.64 2s,60 1q | , \.," (!'Ll^--a''*' -fot FA & CAO 28 c-rfu 2019-20 "tsr ANN JAL ACCOUNTS 2019.20 fi dd 2020 @i n.nra nra ft ET-d] AruT mi 3{eqfufi SCHEDULES T0 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2020 SCHEDULE IX ^*-.39*f,sS-,--= Fr6(qtirlncrores 2019-20 2018-19 iuRa sgm.r Estate Maintenance ryiETt fr-dr{ Staff Quarters.,.. 40 30 35 35 {FIFq gf+e$q qxtt t'1g 3U..iI{rq General Facilities including maintenance of ;oads and other Buildings,Sheds and 44.61 42 72 Godowns.. . . qs.TI-ffI 31lT qrqru arq Administration and General Expenses. L7 74 15 98 qq Era nqfur-mrcf New Minor Works... 0.03 0 00 TdT eru Deoreciation..... 1 70 1 7L QII / Total 104,38 95.76 +eo5t*I-' FA & CAO 29 qrftw' #qr zo19-zo ANNUAL ACCOUNTS 2019-20 ,3r ard zozo cnt fldirrd ,na gfrr ET-d *.' 6t sg-{&tr SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR E\DED 31St MARCH 2O2O SffiJ- *fE fr( ilqr,zr qartr{ MANAGEMENT AND GENERAL ADMINISTRATION tatrstttitincrores 20L9-20 20r_8-l_9 I n*rai,reirr sHftm qq Uan.gement and t-I Secretarial expenses. 92.83 87.28 I I m,n frRI 3TR d,?r qtgr I Accounting I and Auditing...., 34.79 30.90 I mifi a-o l'I I LeOal expenses, 5.24 6.39 erq fiT 6-@tM qzt Labour and Welfare expenses...... 86.62 84.7 4 fu[6-er aq Medical expenses. 44.02 46.84 j]-Sr{ te]I{ Store-keeping....., 16.90 14.35 qqm orqimq +1 qqrcd q{ qq Expenditure on Head Office building. , ,r1 4,56 \d \ ZIFFSH I Telephone o.rr l o.rn ] I {fuffi sTn ar-r,qrqT sr,tt.q"{ $rr Eqfr z-d I Engineering and Workshop administration and overheads . roe.sz I rt &i nqfur-6r,{ New Minor Works... T@ 6l-.{ Depreciation.,.. :::l QtI / Total 388.19 384,46 $-*L*\* FA & CAO 30 drfu trgr 2019-20 ANN UAL ACCOUNTS 2019.20 n ar.t zozo mi r{drrrd arar :rtt ET-d] rlcT ml :rqq65 SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 3lst MARCH 2O2O 'r{q* 11 SCHEDULE XI gtlr,urT aFI g-frR OPERATING EXPENDITURE BY TYPE (oiert)ltincrores I 20l.9-20 2018-L9 d-ffrT eHt< rq Fi.ei ffi-{ Em{ T,t 3I^{-El--{ / Grants to Sports clubs etc. 3.39 3,49 .qr< qqrPf ff ?qftir / purchase of Food stuff 1.21 L.52 {-s / cas 0.19 0,19 ARBITRATION FEES Q,24 20.65 24.08 Carried forward 865.46 91 1.75 J-ei'sr''J* F'A & CAO 31 urffim. #eT 2019-20 ANNUAL ACCOUNTS 2019-20 st ard zozo o1 uarca eilar ,sftd 6rcft *gr 6t JrE-{Fd SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ET.IDED 3ist MARCH 2O2O or$qft 11 (vqrq) SCHEDULE Xl (Concld.) (a,ltctt)ltincrores 2019-20 2018-19 qrqr q-qi I efi / Broughr forward 865.46 911 75 dEf efg{frul q tOperation and Maintenance Expenses t-ffE]tT;r {iqd $I.r / Repairs and Maintenance- Normal repairs 37.98 30.12 t^| 'ruItinT qTqd I Hliq $T't e6au,3ilT q!-g 3il1 / special Repairs and Maintenance- R & R works 19.03 10.09 I I rr€r,ii ar B-nql gffi / Hire charges of vehicle 5.7 4 7.42 t^ qqf qlffr I / Water charges 26.94 26.94 | fug irfr I Electricity Power 22.28 23.62 I mz m, FfAr ar Bnq / Hire of Boats, Tugs and Launches 34.04 22.23 I qrrr I ei fr ffiT / Maintenance dredging through contract 38,58 39.42 t{qt / lnsurance 0.04 0.03 6-|Tl{R qTfr$fi '3rftfiqq ri; ugmr 3i-qTqfi / Payments under Workmen's Compensation Act 0.03 0,0s werq q"rfu-qi,g1,.-r'i-(tr ?it z-irT-fr eir g,r-ort /Payments to shippers & contractcrs c\ r for ] labour 6.BB 6 54 I 3TRIfr-qq gwhl 0.00 3wh{ *; nen 6T Srram /Payment of cess under cess Act,1977 0,00 | qRlTmq dr ffiqfr t frq / fees for consenuo operate 0,00 0.01 I sirq qT 3fr ql1qq tit ftq e.i / fxpenditure incurred on ISO certificatio. 0.00 0.00 I Land Management 0,00 0.00 I Eq. EI+'df A.ir iu / Rayments for damage to rolling stock & trunk 0,00 0.00 i w=J sTR Frrt furqr / Hire of plant & gear 2.33 a:: I SURVEY FEES.STEVEDORTNG 0,00 I ,DRY DOCKING CHARGES BPT VESSEL 0.08 I 193.95 168.43 I g(x[r qq / Security Expenses I ziiEq furFra g{err qfl ar eti / Expenditure of ctsF 40.28 34.46 I rq ?jM / Other security agencies 4,41 3.11 ilzlT I 44.69 37.51 ffi6,q qq / Medical Expenses TZE!3 / Stipend 1.71 7.20 ?rz]{fuq $sp 7 stores- Medical 11.93 77.7 4 cfutl6-{uT Uffi'/ Renewal charges for accrediation o.04 o.02 tarqB-q tsff * k4Tfi / Relmbursemcnt of medtcal expendtture 1,30 1,95 qrct qefrtTit +1 5m tu I Cnarges pald to outside Hospltals 7.00 14.58 '3fq qq- qdl Other expenses- medical allowance to pensioners residing frffi / 3.0s 1.96 outside port city limit F-g-d afErfun qir ffi tqt / vteoical treatment given to retired employees 22.17 13.21 47.20 45.66 {q Fffr / DePreciation Tq EK / Depreciation 54.40 57.85 EII / Total 1205.70 1221.26 L. rslLo- FA & CAO 32 alffiffi alsrr zots-lo ANN UAL ACCOUNTS 2019-20 st drd zozo ml r{dirw .rH 3rtr ET-d r}sr of srq1p6 SCHEDULES TO PROFIT AND LOSS ACCOLNT FOR THE YEAR ENDED 31st MARCH 2020 agqft rz SCHEDULE XII f{f, fr( HfqE a{q FINANCE AND MISCELLANEOUS EXPENDITURE (a.ilstil)tincrores 20L9-20 2018-19 n-fl ngfrr r Er{, arjn6 Ur-drt s?R ri-q m{ Retirement gratuities, ex-gratia payments and other benefits 3qqlfrn Eraifl ETft-dT ri :riqrr qr (s,rq ftRr t rr:,r+q -- Contribution to Pension Fund -- 374.3? 772.21 qirq 31T., 1-q q.4 iraT W 3qqm Contribution to Group Gratuity Fund 4.00 17.00 Profit on diisposal of capital asset trfd. To Capital Reserve 3.57 6.09 Contribution to fund for Corporate Social Responsibif ity (CSR) 0.00 0.00 qiar-nirerk1dr6sininqftqdi Compensation payment under Special Voluntary Retirement Scheme 0.00 11.71 to ofrsm 3{R qqr Bank Commission & Charges..... 0.04 0.09 3i-q Others (Port Property lnsurance Premium).. 7.68 7.27 T;irqffirft z?r frq-iT{ ir grr g6il{ Loss on Disposal of Capital Assets/Sale redemtion of lnvestment 0.00 3.95 ft6l.fr q.j q ffira rd Items relating to previous years - Tq-eFi Depreciatlon...... , 2.63 0.82 n"rs t ft eTq$' Refund out of Revenue 0.69 11.29 E-dq $Tr q*.rEn Salaries and Wages (includes Arrears on account of Wage Revision) 6.03 108,78 $?i Others. 6.54 3.51 q[-U / Total 545.50 942.72 +.i*lr-L FA & CAO 33 SIGNIFICANT ACCOUNTING POLICIES AND.NOTES TO ACCOUNTS FOR THE YEAR ENDED ON 31ST MARCH 2O2O I SIGNIFICANT ACCOUNTING POLICIES 1. The accounting system has been devised with a view to enabling presentation of financial accounts, in terms of the principal activities of the Port. 2. The financial statements are prepared under the historical tost convention and on the accrual basis of accounting. 3. Capital Assets are stated at cost less accumulated depreciation. Cost is inclusive of freight, duties, taxes and incidental expenses incurred at the time of acq u isition/construction. 4. No depreciation and no revaluation is done on inventory. The inventory is taken at cost in the books. 5. lnvestments are valued at cost after taking into consideration the commission and allied items. 6. Depreciation has been worked out following the straight-line method. The useful lives of the assets have been fixed in terms of guidelines issued by Government from time to time. 7. Revenue recognition: a) Revenue is accoun'ted by following accrual basis of accounting. lncome arising from Cargo activities is accounted on completed service basis. b) ln case of sale of movable & immovable property, the income is accounted on receipt of sale price. c) Revenue from sale of unclaimed goods is accounted after clearance of goods on sale except major items costing above {.5 crore is accounted as income on attaining certainty of realization of sale proceeds. d) ln view of the uncertainty involved in ultimate realization of interest on delayed payment and disputed claims, the same is accounted for on receipt basis except interest on ONGC dues. e) upfront payment received on leasing of land plots will be amortized during the lease period. Premium if any received on leasing of land through tender will be taken to revenue account. 8. All Dollar denominated tariff is recovered in lndian nupees atter conversion of charges prescribed in dollar into its equivalent lndian Rupees at the market buying rate on the date of payment notified by the Reserve Bank of lndia, State Bank of lndia or its associates or any other Public Sector banks as may be specified from time to time as per provisions of SOR duly approved by the TAMP 34 il NOT ES TO ACCOUNTS 1 Permission is granted vide TR No.59 of 28.09.2016 for continuing alternate use of the OCT for handling of Car Carriers (allowed vide TR 26 of 30.03.2015) till final decision is taken about re-structuring of OCT Project. Till such time existing arrangement with revenue share as approved by the Board by TR 104 of 28.10.2A15 is continuing i.e. 72o/o to MbPT and 28% to the Licensee, if ICTPL levy tariff @ MbPT SOR and if ICTPL levy tariff @ 130o/o of tariff of MbPT, revenue share woilO be 55:45 i.e. 55% to MbPT and45% to ICTPL. Though ICTPL is levying Berth Hire charges @ 130% of MbPT SOR and Wharfage @100% of MbPT SOR, the revenue share paid by them under both the scenario is 55o/o. An amount of T.56.81 crore is realized as revenue share and has been accounted for in cargo related income during the year. 2 Handing over of Hughes Dry Dock to Cochin Shipyard Ltd. The Board of Trustees of the Port of Mumbai have executed the concession agreement to upgrade, operate and manage the Ship Repair Facility at Hughes Dry Dock and Berth Nos.5,6,7 & 8 of Indira Dock on 2811012018 with Cochin Shipyard Ltd (CSL) for 29 years.(Ref TR No.147 of 06.09.2018). The Dry Dock is handed over to the CSL on 20.01.2019. Accordingly, Cochin shipyard Ltd. has paid t.14.83 crore as Annual year 2019-20.. l Fees for the 3 The Poft has renewed its insurance on properties (TR71/25.06.2019) with The New lndia Assurance Co. Ltd. till 30.06.2020 f or an insurance premium of <.7 ,52,81,638.00 paid during the year. Amount of proporlionate insurance premium of t1,88,96,784.50 paid for the period from 01.04.2020 to 30.06.2020 has been charged to the pre-paid expenses. 4 A provision of t 6.02 crore has been made in the Finance & Misc. expenses under the head "salary & wages previous Year" aS expenditure on account of arrears due to the employees on account of unpaid overtime allowances and encashment of unutilized leave. 5 The fixation of ratable value of Port Trust properties by Govt. of lndia is pendir:g since 1964-1969. Pending finalization, the claim of MCGM for T,34.26 crore and the claim of MbPT of <.39.93 crore against maintenance cost is not accounted in the books. Service charges in lieu of property Tax to MGM for F.Y. 2019-20 has been accrued. 35 6, The Poft has spent T.8,41,750.00 during the year 2019-20 as listed below, from the Corporate Social Responsibility Fund. The Fund balance is {.8,47,18,743.00 as on 3'1 .03.2020. During the year an interest of T.75,88,140.00 has been received on the CLTD , which is credited to the corpus of the fund, (Amount in t) Light of Life Trust 3,36,000.00 Vision Eye Care 5,750.00 Sponsorship of the 82nd Sr. National Badminton 5,00,000.00 Cham pionsh ips 7. Gross and net block of fixed assets at the beginning of the year and at the end of the year 2019-20 showing additions, deletions, disposals, adjustments etc. have been disclosed in the Schedule ll to Balance Sheet as on 31.03.2020 in terms of Accounting Standard 10. During the year, no asset was revalued. 8. During F.Y. 2019-20 amount of t.27,53 crores appearing in Capital Work in Progress is transferred to Assets based on completion reports. 9. Net Deficit: From the year 2018-19 the net deficit is shown in the Asset side of the balance sheet instead of charging the same to Revenue Reserves as was done in the previous years. 10. lnformation relating to investments viz. aggregate amount of quoted and non-quoted investment has been disclosed in the Schedute tlt to Balance Sheet as on 31.03.2020. There are no quoted investment as on 31.3.2020 11. Project Financing: (a) ln accordance with AS-1 2, a total Grant of t 2.50 crore received in FY 2019-20 from Ministry of Tourism, Govt. of lndia for upgradation/ modernization to lnternational Cruise Terminal at lndira Dock is treated as grant as shown separately under the head "Grant in aid" in the balance sheet (b) Agreement has been entered with oil psUs namery BpcL and HPCL for construction of Fifth Oil Berlh at an estimated cost of {811 crores. The Oil PSUs will share 50% of the project cost. Advances received r.1,16,51,904.s6 during the year against the project of JD-5 have been shown in the Balance Sheet under the head Advances. (c) Amount of T.22.61 crores received from the MMRDA for construction of sheds in lieu of STP sheds has been treated as an advance payment towards construction of alternative sheds. 36 (d) An amount of t.64 crore paid by the MMRDA as compensation for decommissioning of Old Pir Pau Jetty/Berth is treated as advance for construction of second Chemical Berth. 12 with chairman's approval, initially three cA frrmJ Git engrgeo*to reconcile the balances lying in Miscellaneous Deposit Account of Estate I Division. since June 2a19, service of only two cA firms have been I continued, Till 31 .03.2020, total 485 credit notes have been submi-tte{ by CA firms to Estate Division. 13 AII petty imprest are managed tfrrougn SA fZ Candr 97 SBI-EZ Cards have been issued to the concerned department's staff to carry out their day to day transactions as cn 31.3.2020. 14 The Duty Free Credit Scrip amounting to tBB,g been accounted for during the year by debiting capital work in Progress for JD 5 Project, The amount realised through e- auction of balance in Duty Free Credit Scrip during May zozo will be accounted for durin g 2020-21. 15 Provision for doubtful debts were shown under Provisions titl F Y 2017- '18. The same has been shown as deduction from the Gross Debtors from F.Y.201 B-1 I onwards. 16 From FY 2018-19, Amount payable/ receivable by the MbPT to/ from the Pension Fund Trust and Group Gratuity Fund Trust have been shown as current liability in the balance sreet instead of clubbing the same in Advances recoverable. These liabilities will be discharged fully after receipt of sufficient funds realised after land monetization, 17 GST was successfully implemented in MbPT w.e.f 1.7.2017 under GSTN No.AAATM5001D126. Mumbai Port Trust has remitted all its statutory dues and duties within due date. 18 Conti n gent liabil ities (a) Law suits amounting to t97.55 crore on various subject matters for and against MbPT are pending in various courts. (b) On expiry of lease period, plot leased out to Rashtriya Chemical Fertilizers (RCF) has been taken over alongwith Ammonia Storage Tank. The same is intended to lease out to prospective bidder. The plot value is not being disclosed. 37 C*:z 4f (c) Based on actuarial valuation of Pension Fund, Gratuity Fund and Leave Encashment Fund, the accrued liability as on 31.03.2020 stood as follows; (t ln Crores) Actuarial Fund Balance Valuation As on (Short - as on 31.3.2020 FundingJ 31 ,3.2020 Pension Fund 12777 .23 8647.25 4129.98 Gratuity Fund 780.22 203.22 577.00 No funding is *217.91 Leave Encashment done since 217 .91 2017 -18 Total 13775.36 8850,47 4924.89 *This is as on 31 10312018 (d) Service Tax 1. A Demand of Rs.21.19 crore plus penalty thereon for the period from Oct 2007 to Jan 20 13 raised by Asstt commissioner, ST- 1 Murnbai for service tax on commission recovered from MCGM for collection of octroi was pending. An appeal was filed by MbPT against this Service Tax demand on 19.06.2015. The matter had come up for hearing. However, the same has been resolved under the scheme "Sabka Vishwas (Legacy Dispute Resolution Scheme") by making a payment of Rs.7,33 ,29 ,267 I - to Service Tax Authorities from deposits retained of MCGM. 2. A demand of Rs.31.88 lakh plus penalty of Rs.31.88 lakh for service Ta;r on Estate rentals reteived from Addl. Commissioner, Service Ta4, Mumbai is pending, Appeal is flled and carne up for hearing. The appeal was rejected by an order-in-appea1. Appeal has been filed before CESTAT against this order-in-appeal. The matter has not come rJp for heari*g. 3. Demand of Rs.41,08 lakhs and Rs.1.0s lakhs for service tax on Terminal charges received from commissioner(Appeals)-I for service ta)<, Mumbai are pending. 4. Rejection of s.T. application of Marine Department of Rs.1.23 crores. GST appeal \ rill be filed in this case, 3B I 5. Appiications were made under Sabhka Vishwas Scheme (Legacy Dispute resoiution Scheme) introduced by Government of India. Subject Original Payment Savings Matter Demand made (in Rs.) (in Rs.) under Scheme (in Rs.) Toli Charges, Film 58,30,373.00 39,76,621.OO 19,53,752.00 Shooting & Photorraphv Octroi 2L,L9,68,032.00 5,97,73,392.00 Commission** 7,33,29,267 .OO Non Reversal of 19,90,783.00 13,86,549.00 CENVAT 5,94,235.00 Ineligtbie Avarlment 15,o2,137.00 10,51,495.00 of CENVAT 4,50,642.OO Total 5,40,65,L77.OO ** In case of Octroi Commission Rs. 5,67,99,472.OO and Rs. 2,20 ,65,9 1 1 .00 were paid during the course of appeal. Savings have been calculated after taking this payment in account 6. Application has been filed before Authority of Advance ruling to determine the taxability of GST on land ieased to MMRDA for MTHL Project. (e ) AFCONS matters: High Court matter - Section 37 Afcons v MbPT- Comm. Appeal No. 160 of 2017 This is an appeal matter filed against order of the High Court at the stage of Section 34 of the Act and the order of single judge was challenged, Present Status This matter was recently transferred to The Law Point at the stage of Section 37 of the Act. The matter has not been listed and the status of the matter is "Admitted (Unready)", The last order was passed on April 13, 2018 ffl MGT matters The five numbers MGT matters have been filed by the MBPT against recovery of way leave fees. The arbitrations are in process before Hon, Justice Variava . The M BPT had constituted a commitlee of Shri Sinha to recommend the rnethod of charging the way leave. The said committee had subrnitted the which is fonruarded to the Mini for 39 approval. Present Status- The arbitrations are posted sine die pending Ministry's approval. (g) Arbitration between ICTPL and MbPT The dispute arises in connection with the t-icense Agreement dated 03.t2.2007 executed between the Claimant [ICTPL]"and the Respondent IMbPT] for the project related to (i) Management and operation of Ballard Pier Station and (ii) Development, construction, operation and rnaintenance of the Offshore Container Terminal. The Claimant has raised various claims and reliefs alleging that the Respondent has failed to comply with the requirements of the License Agreement and to perform its obligations thereunder, which consequently caused losses to the Claimant. MbPT has also raised a counter claim. Present Status The Statement of Defence has been filed in response to the Statement of Claim. A Counter Claim by MbPT was also filed however the Claimant is yet to file a response to the same. Therefore the pleadings are not yet complete. Once the pleadings are complete, the draft issues can be circulated as per the last order of tribunal dated April 2L, 2020. (h) Arbitration between RKEC and MbPT The matter arises out of a contract entered into between the Claimant and Respondent for the construction of a specialized berth for handling liquid chemical cargo including petroleum, oil, and lubricants. The Tender for the construction of the Second Chemical Befth (SCB) was awarded to RKEC, as it was Ll and had quoted a much iower price than other bidders. The scope of the work was increased due to various circumstances and the dispute is regarding the payment made for the increased scope of work. RKEC claims that the payment made by MbPT for the extra work is less and therefore the claim. Present Status The Statement of Defence has been filed in response to the statement of claim. Therefore the pleadings are complete. The next stage of the matter is admission and denial of the documents. However, by last order and email of the Presiding Arbitrator dated April B, 202a, all sittings and steps are cancelled till the lockdown is lifted. 40 (i) Arbitration between MbPT and Songa Topaz The case relates to a proposed arbitration to be initiated by MbPT against the vessel owner of MT Songa Topaz for business loss caused to MbPT. During 2013, the said vessel collided with under-construction Second Chemical Berth at pir- Pau. The said collision caused structural damages to the jetty and the same had to be reconstructed at the collision area. Due to this reconstruction, the commissioning of the jetty was delayed and MbPT suffered loss of business. This is claimed on the basis of the actual business done by MbPT and therefore MbPT directed the agents of the vessel owner and the insurance agency to furnish MbPT a bank guarantee of {.15 crores. This bank guarantee is issued in favour of MbPT by the insurance agent i.e, M/s. GARD Marine and Energy, Norway Present Status The arbitration is yet to commence. Letters regarding appointment of Arbitrator and dispute regarding pafties to the dispute are pending (i) Hiqh Couft matter - Section 34 - United Ship PT - Comm. Arb. Petition No. 946 of 2019 This Petition was filed by United Shippers against the order of the Sole Arbitrator passed in favour of MbPT. The matter is regarding the Tender for deployment of Owned/ Hired Floating Cranes at Port Lighterage Area (Pl-A) in Mumbai Port water limits and the inability of the Petitioner to deploy the same. Present Status The matter was last listed on February 25, 2020 for final hearing, however, since the Couft was occupied with different matters, the matter was adjourned to March L2, 2020"The matter has not listed since then and the next date is shown as July 9,2020, 19 lncome Tax Liability As the Port has reported huge accumulated losses for the previous period, no provision has been made for lncome Tax. 20 Since financial year 2}fi-19, there was change in accounting policy for 'provision for Deferred Tax'. The accounting of deferred tax has been discounted in response to the Audit objection raised considering the continuous losses incurred by MbPT. During the current year since the profit will be set off with the accumulated losses, the same policy is a1 continued. 21 Status of Assessments under the lncome Tax Act. With amendment in sectionl0(20) in Finance Act,2002 exemptiof of lncome Tax allowed to Ports as'Local Authority'was withdrawn and Ports came under the purview of lncome Tax Act,1961 from the financial year 2002-A3. As such the provisions of lncome Tax Act viz. payment of Advance Tax, filing of return of lr,come by conducting Tax Audit, TDS, etc. became applicable to MbPT and duly complied with from time to time. Pursuant to obtaining the registration certificate dated 08/09/2009 issued u/s 12AA (1XbXi) of l.T. Act, 1961, MbPT got the status as a 'Charitable lnstitution' w.e.t. 110412002. However, the Director of lncome Tax (Exemp) by his order dated 2211212011 had withdrawn the said registration w.e.f. A.Y.2009-10. ln response to the appeal filed with ITAT against the order, ITAT has issued a order restoring the registration granted on 8/9/2009. Till F.Y 2019-20, the assessments upto A.Y 2017-18 (F.Y 2016-17) have been completed. However all the cases upto A.Y 2017-18 (except 4.Y.2008-09) are at the various appellate forums. During the year, MbPT has received aggregate income tax refund amounting to T46.79 crore pertaining to A.Y.2008-09(t.7.07cr) and for A.Y.20 1 6- 1 7(t.3 9.7 2cr). For the F.Y. 2019-20, Mb.P.T has received certificates u/s 197 of lncome-Tax Act, 1961 authorising the Port users, leases & tenants and Banks/Financial lnstitutes to deduct Tax at 0.35% applicable w.e.f. 17th May 2019 to 31't March 2020. Status of Litiqation under The Central Goods and Service Tax Act, 2017. MbPT has filed an application before Authority of Advance Ruling under the CGST Act, to seek aoplicability of GST on transaction of leasing entered between MMRDA and MbPT for the Mumbai Trans Harbour Link Project (MTHL Project). MbPT has so far made payment of t.3g.86 Cr as GST in case of the above mentioned transaction. A favourable outcome of application will 42 result in refund of the entire GST amount paid by far. ln turn we have t,o refund GST to MTHL. 22 Retirement Benefits: In accordance with Accounting Standard 15 and complying with the provisions of lncome Tax Act the retirement benefits are separatBly shown in the financial statements. a) An irrevocable Pension Fund Trust has been created on 14.1.2004 and is approved by the lncome Tax Commissioner. The balance in Pension Fund as on 31.3.2020 stood at t.8647.25 crore as against the actuarial valuation of <12777.23 crore. Books of accounts are maintained for the transactions and separate final accounts are prepared. b) An irrevocable Gratuity Fund Trust has been created to manage the gratuity liability and the fund balance as on 31.3.2020 stood at <.203.22 Crore as against actuarial valuation of <.780.22 crore. Books of accounts are maintained for the transactions and separate final accounts are prepared. c) The General Provident Fund of the employees appointed before 01.01 .2004 is managed by the Port and the fund balance stood at < 1301.37 crore as on 31.03.2020. d) Leave Encashment fund is fully utilised and no further funding made to the fund during current financial year and the further expenditure on leave encashment is met from Revenue Account of MbPT. 23 National Pension System National Pension System (NPS) introduced by the Central Govt. is made applicable to the employees who have been recruited on or after 01.01 .2004. Board by TR No. 88 of 13.09.2012 accorded sanction for implementation of Ni'S in MbPT Employees' contribution and Employers matching contribution was remitted to PFRDA during 201e-20 43 I l I 24 Shortfall between Funds and lnvestments: The shortfall between funds and investment is as under. n uroresC Funds as on 31.03.2020 1014.63 I lnvestment as on 31.03.2020 58.24 I I I Gap between Funds & lnvestments 956.38 I Less : I Capital Work-i n-p rog ress 318.93 lncrease in Debtors 180.82 I Cash / Bank Balances 214.86 i I lnventories 11.68 Actual shortfall between funds & 230.09 lnvestment as on 31 .O}.2O2O This actual shortfall of {.230.09 crore has remained in the business in the form of Current Assets. Porl has not borrowed any money for financing projects and for working capital, 25* An investment of t,10 crore @ 14% in secured redeemable non- convertible Bonds of Uttar Pradesh StateYarn Company Ltd (UPSYCL) was made in May 1999. These Bonds were allotted on 10.2.2000. The Government of Uttar Pradesh had extended unconditional and irrevocable guarantee for the payment of interest and repayment of Principal of bonds 2 After several requests UPSYCL paid t,1,13,64,823 to MbpT as interest on application money of {,10 crores upto 10.2.2a00, i.e date 'I of allotment and also repaid {.6,33,71,000 on prorata basis in August 2000 as part of the Principal amount therefore in July 2003, 3 Mumbai Port Trust filed suit (Suit No.3522 of 2003) against Uttar Pradesh State Yarn Company Ltd.in the Mumbai HIgh Court tor T,6,02,84,314 (includes balance principal T.3,66,20,000 and T,46,95,341interest on T.0,33,71,000 being the amount towards partial redemption of bonds of t.10 crores and t.1,gg,sg,g73 interest'on the said balance of principal surn of t.3,66,29,000 from fi.z.zoo0 till date of filling the suit) and further interest on (,3,66,29,000 at the rate of 14.90% from the date of filing the suit till payment andior realization. 4 By High court order dated 14.9,2011, upsycL were directed to qay t10,46,93,715.00 inclusive of balance principle plus 14,gYo interest from day of filing the suit to date of order. , 5' UPSYCL were further ordered to pay interest @ 14.90 o/o p$ annum from 15.9.2011 till the date or paymeni lrppro*i,r6t" ordered"*ornt-*;;il; that tfre Oecree 44 I against Defendant be executed b5' Plaintiff only after obtaining permission of the Board for lndustrial and Financial reconstruction (BrFR) 6. Mumbai Port rrust had accordingly approached BIFR Bench (case No.620 of 1992) to grant permission u/s 2z(1) of the slcA Act, 19g5 to recover outstanding dues. Bench has been requested to protect Mbpls interest and make provision for MbPT's outsianding dues in Modified Draft Rehabilitation Scheme (MDRS), 7. Bombay High Court has passed Order against (Government of Uttar Pradesh) to pay MbPT the amount c,f t.13,13,64,s92.32 inclusive of balance principal plus 1 4.9% interest thereon. 8. while the process of execution was being carried out, Upsycl by various letters had intimated about "one Tirne Setttement" (oTS) Scheme. This Scheme is limited to payment of principal amount 1i.e:. {.3,66,29,000) remained unpaid with the company. Further stated that no other termsiconditions would be considered by the company being un-operational at present. L Mumbai Port Trust informed that there would be no option 5Ll1 to execute the decree passed in its favour. 10. The U.P. State Yarn Coinpany Ltd. ,Vide their letter dated 26 the December 2019 gave offer for One Time Settlement of the case. This offer was payment of the balance principal amount of T3,66,29,000/- along with interest @ of 6% per annurn from 101212000 i.e. the date from which this amount was lying with the company. 11. Board's approval for acceptance of the offer of UPSYCL was obtained vide TR.No.283 dated 251212020. Accordingly the same has also conveyed to the U.P. State Yarn Company Ltd. 12. However, due to the sudden lock down declared on 23BfzA20 the company could not make the payment to MbPT on 01 tO4t202O. Vide their email dated 3Ol4t2O20 they requested MbPT to furnish the bank details for making payment. UPSYCL remitted on Sth May 2020 an amount of {.8,09,02,0841- (Rs.3,66,29,000/- balance Fr:incipal+ 7.4,42,73,0841- interest @ of 6% from 1OtO2l2O0O.) Fire,at Jawahar Pweqp An accidental fire due to striking of lightening was broke out at Oil Tank Farms at Jawahar Dweep on 6,10.2017: lnsurance Claim for material loss has been filed with lnsurer M/S. New lndia Assurance Co. Ltd. In F.Y. 2018-19 the company has paid an claim of T90 ,A4,7681-. *The issues pertains to investmellfrg* Pensicn Fund Trust. This. has been disclosed,,in Notes to Accounts in PFT. Hence to'be tieated as omitted frorn MbPT Ahnual,,Accounts. 45 lndia Assurance Co, Ltd. The company has paid an claim of t13,69,5721- on 22.08.2019 which was accounted as Finance & Misc. lncome in the P&L account. Bank Guarantees amounting to t2.05 crore have been issued by MbPT in favour of Maharashtra Pollution Control Board (MPCB) fi:1ilTff:::,Tffi['*,, ,ook varue on 3 132o2nhave,.*'i,.0 from active use and action is being taken for their disposal. Name of the asset uisition indel Hammer Blind Valves on oil pipe nection, Sewri-Wadala It water firefighting pipeline 10" dia. - FOB 39,54,501.4 It water pump house to front side of Dock aster's office okohama Pneumatic Rubber Fender No.18 59,80,747.7 ssador Car MH-O1 -DA-1 63 4,10,770. Nos. salt water firefighting pumps 100 HP 6,84,74,600.01 The previous year figures have been shown for comparison purpose. The schedules form an integral part of the Balance Sheet and Revenue Account ll,r- "cr' Financial Adviser and Chief Accounts Officer JUNE 2A2O I .t l, { 46