--_. DEFENCE SERVICES OFFICERS INSTITUTE
J:ALAN CE SHEET AS AT March 31, 2020 ...PART~-ICULAR------~------~S Schedule No. As at March 31, 2020 . SOURCES OF FUNDS
Corpus Fund 2,13,53,657.00 II Reserves and Surplus 1 10,30,29,920.91 III Membership Money 1,92,14,500.00
IV LOAN FUNDS Secured Loans Unsecured Loans
14,35,98,077.91
APPLICATION OF FUNDS ,
V FIXEDASSETS 2 Opening WDV and Additions ~ 4,70,98,307.14 Less: Depreciation for the year ~ 47,50,303.00
t 4,23,48,004.14 1
VI INVESTMENTS 3 t 12,02,42,146.91
VII CURRENTASSETS, LOANS and ADVANCES Inventories 4 ~ 7,66,969.00 Cash and Bank Balances 5 ~ 36,11,734.59 Loans and Advances 6 ~ c 30,78,210.00 Other Current Assets 7 ~ 7,72,179.37 I
t 82,29,092.96
VIII CURRENT LIABILITIES and PROVISIONS
Current Liabilities 8 ~ " 2,63,44,341.78 Provisions 9 ~ 8,76,824.32 I I t .1'1 2,12,21,166.10 . NET CURRENT ASSETS 'f (1,89,92,073.14)
1. t "fit 14,35,98,077.91
IX SIGNIFICANT ACCOUNTING POLICIES and NOTES TO THE ACCOUNTS 19
This is the Balance Sheet referred to in our report of even date FOR KARAN SAHNI AND ASSOCIATES FOR MIS DEFENCE SERVICES OFFICERS INSTITUTE , . Chartered Accountants
CA. KARAN SAHNI en. K. Shankar Lt. Co\. D. S. Grewal (Retd.) Proprietor Chairman Vice -Chairman Membership No. 508991 Place: Chandigarh Date: February 05, 2021
p= ==-== ------DEFENCE SERVICES OFFICERS INSTITUTE . ROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON MARCH 31, 2020 , ~ For the Year ended on PARTICULARS Schedule No. March 31, 2020 INCOME Membership Fee and Subscription Income 10 ~ 1,48,69,616.99 Trading Sales 11 ~ 83,80,244.25 Interest Income 12 ~ 87,86,397.46 Other Income, 13 'f 1,19,70,845.13 • t 4,40,07,103.83
~ 4,40,07,103.83
EXPENDITURE Trade and Other Purchases 'f " 71,27,111.83 Decrease in Stock of Goods 14 ~ 61,499.00 Staff Costs 15 ~ 1,02,28,983.49 Administrative Expenses 16 ~ 90,58,008.68 Selling and Marketing Expenses 17 'f 84,826.00 Interest and Financial Charges 18 r'~ 28,039.95 Depreciation and Amortization 2 'f 47,50,303.00 -
t 3,13,38,771.95
PROFIT BEFORE TAX [PBT] t 1,26,68,331.88
PROVISION FOR TAX 'f -
PROFIT AFTER TAX t 1,26,68,331.88
PROFIT / (LOSS) BROUGHT FORWARD 'f -
~ 1,26,68,331.88
TRANSFER TO RESERVES t 1,26.68.331.88 • PROFIT TRANSFERRED TO THE CAPITAL ACCOUNT t -
SIGNIFICANT ACCOUNTING POLICIES and NOTES TO THE ACCOUNTS 19
ThIS IS the Profit and Loss Account referred to in our report of even date FOR KARAN SAHNI AND ASSOCIATES FOR MIS DEFENCE SERVICES OFFICERS INSTITUTE Chartered Accountants
CA.KARANSAHNI Lt. Col. D. S. Grew~1 (Retd.) Proprietor Vice -Chairman Membership No. 508991 Place: Chandigarh Date: February 05,2021 ~~ •• DEFENCE SJ;:RVICES OFFICERS INSTITUTE
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2020
I~S_C_H_E_D_U_L_E N_O_. I R_e_s_e_rv_e a_n_d Su_rp~l __usl~ ~~ ~
GENERAL RESERVE
Opening Balance 9,07,21.353.03
Add: Net Profit during the Year 1,26,68,331.88
Less: Income Tax of [2018-19] (3,59,764.00)
Closing Balance at the end of year 10,30,29,920.91
ISCHEDULE NO. 3 - INVESTMENTSI
Sweep In Fixed Deposit
HDFC Bank r~ 3,16,337.45 State Bank of India lit 1,35,352.00
~ 4,51,689:45
Fixed Deposits:
HDFCBank 'l'" 3,10,70,000.00 Axis Bank ~ 3,88,36,277.00
ICICIBank ~ 1,75,00,000.00
Punjab National Bank 'l' 1,35,19,633.00
State Bank of India ~. 1,15,00,000.00
~ 11,24,25,910.00
Accrued Interest
Accrued Interest on Fixed Deposits 'l' 73,57,865.46
Accrued Interest on Sweep accounts 'l' 6,682.00
~ 73,64,547.46
" t 12,02,42,146.91
,I SERVICES OFFICERS INSTITUTE ------••• DEFENCE ?, SCHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
Schedule No.2· Depreciatton Schedule for the Year Ended on March 31, 2020
Rate WDVas on April Additions Balance as on i- r-_D_e_p_r_eC_la_tl_O_n_-r, ., WDVas on March Particulars I i Deletions March 31, 2020 I 01,2019 i More than 180 Days Less Than 180 Days I Total Normal 50% Total! 31,2020 -..-..------..------..- -..- ..---..-·-·-1-·---..-..·---- ..-·- - · LANDANDBUILDING ----i------1------:------Land ~ 32,96,178.00 ~ ~ ~ I~ 32,96,178.00 0% ! ~ 32.96,178.00 I~ ~ 1.97.383-.00 Ii : - Building 1,97,383.00 ~ 2,82,01,315.08 ~ 28,00,393.00 ~ 9,869.00 ~ 28,10,261.00 i ~ 2,53,91,054.08 1~ 2,80,03932,08 ! I' I' , I ' i
FURNITUREANDFIXTURES I ! - Furniture and Fixtures 10% 12,41,804.22 ~ 68,96,423.81 ~ 5,95,702.00 ~ 46,970.00 ~ 6,42,672.00 I ~ 62;53,751.81 I' 56''''''''''1 ' 3,02,400,00' 9,,,,404'''1 '
PLANTANDMACHINERY
- Plant and Machinery 15% II ~ 72,79,831.161 ~ 4.19.537.18 ~ 7.92.500.59\ ~ 12,12,037.77 ~ 84,91,868.93 ~ 11,54,905.00 ~ 59,438.00 ~ 12,14,342.00 I ~ 72,77,526.93 - Books 40% ! ~ 8,608.00 I~ ~ I ~ ~ 8,608.00 ~ 3,443.00 ~ ~ 3,443.00 ~ 5,165.00 - Computer 40% I ~ 1,13,144.00 ~ 79,659.32 ~ 9,900.00 I ~ 89,559.32 ~ 2,02,703.32 ~ 77,121.00 ~ 1,980.00 ~ 79,101.00 ~ 1,23,602.32 - Solar System 40% I ~ 1.210.00 ~ ~ i ~ ~ ~ 1,210.00 ~ 484.00 ~ ~ 484.00 ~ 726.00
I ~ 4,43,57,522,83 ~ 8,01,596.50 ~ 19,39,187,81 I '( 27,40,784.31 '( '( 4,70,98,307.14 '( 46,32,048.00 '( 1,18,257.00 '( 47,50,303.00 I '( 4,23,48,004.141 ------DEFENCE SERVICES OFFICERS INSTITUTE
..1" SCHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS - As at March 31. 2020
ISCHEDULE NO.4- INVENTORIESI
[As Taken. Valued and Certified by the Management] if 7.66.969.00 " - if 7,66,969.00 I
ISCHEDULE NO. 5 - CASH & BANK BALANCESI
CASHIN HAND [IMPREST] ~ 93,257.00
CASHAT BANK
Axis Bank Ltd. if 4,40,251.00
HDFCBank if 4.698.92
ICICIBank if 1.38,843.00
lOBI Bank Account if 1.07,304.10
State Bank Of India (Attawa) if 27,89.574.42
State Bank Of India (Sector-37) if 37,806.15
if 36.11.734.591
ISCHEDULE NO.6- Loans and Advancesl
ADVANCETO SUPPLIERS if 16,04,342.00
OTHER ADVANCES
GSTRecoverable from Members if 11.44,017.00
GSTCash Ledger if 1,291.00
Excess GSTInput Tax Credit if 3,28.560.00
if 14,73,868.00 "- t 30,78,210.00
"
,.. ______DEFENCE SERVICES OFFICERS INSTITUTE
SCHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at Marcb 31, 2020
ISCHEDULE NO. 7 OTHER CURRENT ASSETSI Security Deposits:
Electricity ~ 10,833.00
Telephone ~ 16,000.00
Deep Freezer ~ 10,000.00
Cheques Received Pending Encashment ~ 6,180.00
Pilfered Cash ~ 5,41,220.00
Prepaid Expenses ~ 86,430.37
Tax Deducted at Source [2019-20] ~ 1,01,516.00
i~ 7,72,179.37
ISCHEDULE NO. B - CURRENT LIABILTIESI
SUNDRYCREDITORS
Chandigarh Bottling Company ~ 14,999.65 CSDCanteen HQ West Comd. ~ 70.00 Gannayak Marketing ~ 16,060.87 GPCFoods Private Limited ~ 5,839.96
Jagat Singh and Sons ~ 8,176.33 Khukhrain Cold Storage and Ice Factory ~ 1,596.00 Mohini Security Agency ~ 5,06,950.00 Advanced Marketing Solutions ~ 3,440.00
80S Decor & Prefab (P) Ltd. ~ 6,478.00 Dew Drops Florists ~ 8,210.00 Dreamheight Homes Pvt. Ltd. ~ 50,000.00 GKEHospitality ~ 10,77,417.00
JJDesigns ~ 8,112.00 ~ Ply Home Chandigarh ~ ~ 43,094.00 Sai Creations ~ 1,50,000.00 Servwhiz India Private Limited ~ 7,080.00 Olive Green Manpower Solutions Pvt Ltd. ~ 99,585.00 Sandeep News Agency ~ 907.50
Sanjeev Trikha- Legal Consultant ~ 25,000.00
Sunil Sardana (EPF/ESI Consultant) ,I ~ 12,000.00
~ 20,45,016.31
Contd. ______DEFENCE SERVICES OFFICERS INSTITUTE
oJ<- SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS '- ' ~'i AsatMarch31,2020
NO. MEMBERSHIP FEE ISCHEDULE 10 - -."",,< .'\!:,D SUB~,FRIPTlQN ,I Annual Subscription 1{ 69,59,766.10 Development Charges ! 43,47,675.00 '{ Festival Allowance ,;, 1,2~250.00 Gratuity 17,39,250.00 - Membership Fee ;; , ,
Membership Form '{ 2,0.215.80 ,:~;: Monthly Subscription 1{ 2,19,080.77 ,< Staff Welfare Fund ;d1,4,~.820.00
Re-Admission Fee 74,576;37
if 1,48,69,616.99
SCHEDULE NO. 11 TRADING SALES
TRADING SALES
Sale of Beverages and Others
Sale of Liquor
83.80,244.25
SCHEDULE NO. 12 -
Interest on Fixed Deposits 79,71;312,46
Interest on Sweep In Deposits
Interest on Saving Bank Accounts
SCHEDULE NO. 13 OTHER INCOME
Catering Margin and Reimbursement:
Margin On Sales
Restaurant Electricity Bill
Water Bill Recovery
Rentals:
Bana Rentals
Gazebo Rentals
Arjan/Sam
• ______DEFENCE SERVICES OFFICERS INSTITUTE rSCHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS I As at March 31, 2020
ADVANCES RECEIVED
Advance For Bana Rentals ~ 8,530.00 Advance For Kitty Party Rentals (Arjan/Sam) ~ 2,935.00 Advance For Umrao B/Hal\ Rentals ~ 25,050.00 Advance For Vatika Lawn Rentals ~ 15,915.00 Advance For Vikrant Party Rentals ~ 7,358.50
Advance For Guest Room Rentals ~ 2,05,527.50
~ 2,65,316.00
STATUTORY DUES
TDS Payable ~ 16,371.00
GSTPayable [Due But Not Paid]
GSTPayable [2018-19J ~ 11,08,885.54
GSTPayable [2019-20J ~ 18,88,745.96
EPF Payable ~ 42,816.00
ESI Payable ~ 6,772.00
~ 30,63,590.50
CARD BALANCE
Members' Card Balance (Cr) ~ 1,04,27,878.02
Members' Card Balance (Dr) ~ (1,87,567.47)
Casual Card Balance (Cr) ~ 2,213.42
~ 1,02,42,523.97
SECURITY FROM CONTRACTORS
Olive Green Manpower Solutions ~ 50,000.00
GKHospitality ~ 5,00,000.00
1MManpower And Security ~ 2,50,000.00
Mohini Security Agency ~ 2,50,000.00
Global Facilities . ~ 35,534.00
~ 10,85,534.00
OTHERS
Employee Reimbursement ~ 654.00
Unaccounted/Unclaimed Deposits ~ 29,262.00
Cheques Issued but not Presented ~ 4,47,345.00
,I ~ 4,77,261.00
SECURITY FROM MEMBERS ~ 91,65,100.00
~ 2,63,44,341.78 ------··DEFENCE· SERVICES OFFICERS INSTITUTE ~1iCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2020
~SCHEDULE NO. 9 - PROVISIONS I I Provision for Income Tax [2018-19J
Gross Provision ~ 3,59,764.00 Less: Tax Deducted at Source ~ (25,279.00)
l 3,34,485.00
OTHER PROVISIONS
Audit Fee ~ 60,000.00
Electricity Expenses ~ 63,517.00
Internet Charges ~ 1,286.10
Other Expenses ~ 26,822.22 Salary ~ 3,90,415.00 Telephone Expenses ~ 299.00
l 5,42,339.32
l 8,76,824.32
"
• ------DEFENCE SERVICES OFFICERS INSTITUTE .:-SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2020
Marriage Area Rentals ~ 3,78,515.25
Umrao Banquet/Hall Charges ~ ~ Vatika Lawn Rentals I~ 3,86,800.00 Vikrant Rentals ~ 1.21,865.00
J l 18,68,893.98 Other Charges
Card 'Room Charges ~ 1,74,500.00
Guest Charges ~ 5,30,144.47
Guest Room Charges ~. 3,75,575.50
Gym Charges ~ 1.77,038.98 " Cancellation Charges ~ 76,425.61
Card Charges ~ 67,364.41
Miscellaneous Income ~ 1,64,054.25
One Time Panel Charge ~ 63,457.63
Guest Room Electricity ~ 59,236.79
Penal Interest ~ 45,731.88
Rebate From Catering ~ 1,74,746.85
Sale Of Entry Tickets ~ 10,81,500.00
Sponsorship ~ 12,61,287.15
Other Incomes ~ 11.60,106.32
l 54,11,169.84
~ 1,19,70,845.13
ISCHEDULE NO. 14 - INCREASE/(DECREASE) IN STOCK OF GOODSI
Opening Stock 8,28,468.00
Closing Stock 7,66,969.00
Net Decrease in Stock 61,499.00
ISCHEDULE NO. 15 - STAFF COSTsl
Staff Salary ~ 93,44,413.27 !
Annual Bonus ~ 2,56,312.00 I ! Stipend ~ 48,000.00
Uniform Expenses \ ~ 6,399.22 -- Extra Duty Pay ~ 66,333.00 --- Gratuity ~ 2,08,387.00 -- Incentive ~ 4,200.00 I
PF and ESI Costs ~ 2,94,939.00
~ 1,02,28,983.49 ·.----- DEFENCE SERVICES OFFICERS INSTITUTE
,;r'SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2020
~SCHEDULE NO. 16 - ADMINISTRATIVE EXPENSESI Event Entertainment Expenses:
Festivals ~ 18,97,803.20
Meetings ~ 1,55,096.47
New Year ~ 16,23,470.00
Sports Events ~ 58,750.00
Tombola/Club Night ~ 1,89,985.29
Annual Maintenance Charges ~ 1,32,038.00
Audit Fee [2017-18] ~ 25,000.00
Audit Fee [2019-20] ~ 30,000.00
Cable/Tv ~ 53,430.00
Members Balance Written Off ~ 4,560.00
Books and Periodicals ~ 34,485.60
First Aid Expenses ~ 7,392.15
Flower Arrangements ~ 53,565.00
Horticulture Expenses 1,21,821.751
House Keeping Expenses ~ 3,06,098.80
Legal Expenses ~ 71,200.00
Other Office Expenses ~ 47,250.60
Pest Control ~~ 1,40,200.00
Postage Charges Paid I~ 16,855.00
Printing And Stationery ~ 1,76,389.01
Professional Charges ~ 31,850.00
Purchase Of Cards ~ 9,450.00
Refilling Of Fire Extinguishers :,~ 7,500.00
Reimbursement Of Fuel Charges ~ 33,560.00
Electricity Expenses ~ 17,33,393.00 -- Generator Charges ~ 50,834.62
Ground Rent ~ 71.414.00 Newspaper and Periodicals . ~ 29,337.50 Internet Charges ~ 36.190.36
Telephone and Mobile Expenses ~ 9,311.96
Water Charges ~ 1,12,630.00
License Fee ~ 50,000.00
Property Tax ~ 35,000.00
Rates Fees and Taxes ~ 75,121.31 \ Maintenance Of Fish Aquarium ~ 75,285.00
Guest Room Expenses ~ 29,983.48
Contd. ...------DEFENCE SERVICES OFFICERS INSTITUTE J~CHED ULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
As at March 31, 2020
Repair and Maintenance: -- Air Conditioner ~ 71,775.00
Computers ~ 73,760.00
Electrical ~ 1,13,552.33 - Building ~ 6,16,885.29 -- Equipments ~ 40,114.20 Furniture ~ 3,38,339.23 Gardening Tools I~ 15,608.37 Kitchen ~ 28,900.00 Landscaping and Aboriculture ~ 1,31,700.00
Plumbing ~ 30,522.16 I f 90,58,008.68
ISCHEDULE NO. 17 - SELLING AND DISTRIBUTION EXPENSESI Advertisement Expenses ~ 20,084.00 i
Online SMSPackage f 63,931.00
Website Development Charges ~ 811.00
f 84,826.00
ISCHEDULE NO. 18 - INTEREST AND FINANCIAL CHARGESI Bank Charges f 28,039.95
f 28,039.95 ------DEFENCE SERVICES OFFICERS INSTITUTE SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
SCHEDULE 19 - SIGNIFICANT ACCOUNTING POLICIES
1 Membership Fees The membership fee received from new members is treated as income of DSOL
2 Member Count The details of members of DSOIas on March 31, 2020 is as follows: As Certified by the Management
Sr. No. Particulars No. Of Members Full/Half 1 Life Member 24 2 Life Member 1
3 Permanent Member 1420 F 4 Permanent Member 600 F
5 Permanent Member 39 H
6 Permanent Member 95 F 7 Permanent Member 8 H
8 Permanent Member 173 F 9 Permanent Member 3 H
10 Permanent Member 1542 F 11 Permanent Member 38 H
12 Permanent Member 403 F 13 Permanent Member 20 H 14 Re-admission Fee 4
3 Revenue DSOIfollows 'Accrual System' of accounting and all the income and expenses have been recognized on accrual bases. These are in consistence with the previous year policies.
4 Fixed Assets FixedAssets are stated at their original cost of acquisition less depreciation till date.
5 Depreciation Depreciation on fixed assets has been provided in the books of accounts on written down value method at the rates prescribed under Income Tax Act 1961.
6 Inventories Closingstock has been valued at cost or market price whichever is less based on average gross profit which is in consistence with previous year policies.
,I 7 Balances of Sundry Creditors are subject to confirmation.
8 Closing value of Stock amounting to ~ 7,66,969.00 as on March 31, 2020 has been taken as certified by the Management