Annual Accounts and Audit Reports (2012-2013)
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MIZORAM UNIVERSITY – ANNUAL ACCOUNTS 2012 – 2013 INDEX Sl. No. Particulars Page No. 1. Balance Sheet 1 2. Income & Expenditure Account 2-3 Schedules Forming Part of Balance Sheet as on 31.03.2013 3. Schedule 1 : Capital/Corpus Funds 4 4. Schedule 3 : Earmarked / Endowment Funds 5 5. Schedule 4 : Current Liabilities & Provisions 6-7 6. Schedule 5 : Fixed Assets & Depreciation as at 31.03.2013 8-9 7. Schedule 6 : Investments – Earmarked / Endowment Fund 10 8. Schedule 7 : Current Assets, Loans & Advances 11-12 Schedules Forming Part of Income And Expenditure Account for the year ended 31.03.2013 9. Schedule 8 : Grants / Subsidies (Irrevocable grants and Subsidies received) 13 10. Schedule 9 : Academic Receipts 14-15 11. Schedule 10 : Income from Investments 16 12. Schedule 11 : Income from Royalty and Publications 17 13. Schedule 12 : Interest Earned 18 14. Schedule 13 : Other / Miscellaneous Income 19-20 15. Schedule 14 : Establishment Expenses 21-22 16. Schedule 14-A : Employees Retirement & Terminal Benefits 23 17. Schedule 15 : Academic Expenses 24-26 -i- 18. Schedule 16 : Administrative Expenses 27-29 19. Schedule 17 : Repairs & Maintenance 30 20. Schedule 18 : Miscellaneous Expenses 31 21. Schedule 19 : Prior Period Expenses 32 Schedules Forming Part of Accounts for the year ending 31.03.2013 22. Schedule 20 : Significant Accounting Policies 33-36 23. Schedule 21 : Contingent Liabilities and Notes to Accounts 37-38 Receipts and Payments Account from 01.04.2012 – 31.03.2013 24. Receipts and Payments Account from 01.04.2012– 31.03.2013 39-42 General and Contributory /Provident Fund 25. Balance Sheet as at 31/03/2013 43 26. Income and Expenditure A/C for the period/year ended 31/03/2013 44 27. Receipts and Payments Account from 01.04.2012– 31.03.2013 45 New Pension Scheme 28. Balance Sheet as at 31/03/2013 46 29. Income and Expenditure A/C for the period/year ended 31/03/2013 47 30. Receipts and Payments Account from 01.04.2012– 31.03.2013 48 Annual Accounts of Pachhunga University College for the year 2012-13 31. Balance Sheet as at 31/03/2013 49-52 32. Income & Expenditure Account for the period ended/year ended 31/03/2013 53-56 33. Receipts and Payments Account from 01/04/2012 to 01/03/2013 57-63 Separate Audit Report on the Accounts of Mizoram University 2012-13 34. Separate Audit Report of the Comptroller & Auditor General of India 35. Separate Audit Report of the Comptroller & Auditor General of India along with reply of the University against each para. -ii- BALANCE SHEET AS AT 31.03.2013 Schedule CORPUS/CAPITAL FUND AND LIABILITIES 2012-13 2011-12 No. (`) (`) CAPITAL AND CORPUS FUNDS 1 1,26,22,50,344 1,24,70,84,625 RESERVE AND SURPLUS 2 - - EARMARKED/ENDOWMENT FUNDS 3 4,96,35,663 5,46,15,880 CURRENT LIABLITIES & PROVISIONS 4 2,90,39,45,252 2,67,04,59,369 TOTAL 4,21,58,31,259 3,97,21,59,874 2012-13 2011-12 ASSETS Schedule No. (`) (`) FIXED ASSETS 5 1,85,92,23,030 1,48,65,55,811 INVESTMENTS-EARMARKED/ENDOW/OTH. FUNDS 6 50,00,000 - CURRENT ASSETS, LOANS, ADVANCES ETC. 7 2,35,16,08,229 2,48,56,04,063 TOTAL 4,21,58,31,259 3,97,21,59,874 (LALZUILIANA THOMTE) (ZAIREMMAWIA PACHUAU) (PROF. R.P. TIWARI) Assistant Registrar (Finance) Deputy Registrar (Finance) Finance Officer DATED: AIZAWL, THE 25TH MAY, 2013 - Page 1 – INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31.03.2013 2012-13 2011-12 INCOME Schedule (`) (`) No. GRANT-IN-AID/SUBSIDIES 8 41,92,10,263 49,92,10,308 ACADEMIC RECEIPTS 9 4,04,97,513 4,48,40,900 INCOME FROM INVESTMENT 10 - - INCOME FROM ROYALTY & PUBLICATIONS 11 - - INTEREST EARNED 12 1,94,06,158 48,65,699 OTHER/MISCELLANEOUS INCOMES 13 1,67,05,976 91,55,823 TOTAL (A) 49,58,19,910 55,80,72,730 EXPENDITURE ESTABLISHMENT EXPENSES 14 46,47,59,321 55,65,91,153 ACADEMIC EXPENSES 15 2,54,32,484 4,06,61,201 ADMINISTRATIVE EXPENSES 16 6,96,25,350 6,28,54,448 REPAIRS & MAINTENANCE 17 55,27,283 1,06,38,114 MISCELLANEOUS EXPENSES 18 2,78,651 22,69,566 PRIOR PERIOD EXPENSES 19 2,13,93,845 3,80,000 DEPRECIATION 5 6,88,50,797 4,26,47,515 TOTAL (B) 65,58,67,731 71,60,41,997 - Page 2 - BALANCE BEING SURPLUS/(DEFICIT) (A-B) (16,00,47,820) (15,79,69,267) TRANSFERRED TO CORPUS/CAPITAL FUND SIGNIFICANT ACCOUNTING POLICIES 20 CONTINGENT LIABILITIES & NOTES ON A/C.s 21 - Page 3 - SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.03.2013 SCHEDULE – 1 : CAPITAL FUND & CORPUS FUND (Amount in `) 2012-13 2011-12 OPENING BALANCE 1,24,70,84,625 78,70,58,703 GRANTS TO THE EXTENT UTILIZED FOR CAPITAL EXPENDITURE 44,01,48,728 64,95,12,892 ASSETS CREATED OUT OF SPONSORED PROJECT FUNDS 21,96,475 42,98,798 GIFTED ASSETS 3,40,684 DEPRECIATION WRONGLY CHARGED ON LAND LAST YEAR CREDITED TO CAPITAL FUND 8,38,353 1,27,98,663 TOTAL (A) 1,69,06,08,865 1,45,36,69,056 LESS : DEPRECIATION PERTAINING TO PREVIOUS YEAR DEBITED TO CAPITAL FUND 20,06,224 - EXCESS CREDIT IN 2011-12- CAPITAL EXPENDITURE MET OUT OF GRANTS - 4,86,15,164 ADVANCES PAID TO PUC DEBITED TO CAPITAL FUND, AS ADVANCES WERE ADJUSTED EARLIER 26,63,04,477 - EXCESS OF EXPENDITURE OVER INCOME TRANSFERRED FROM INCOME AND EXPENDITURE A/C 16,00,47,820 15,79,69,267 TOTAL (B) 42,83,58,521 20,65,84,431 BALANCE (A-B) 1,26,22,50,344 1,24,70,84,625 (LALZUILIANA THOMTE) (ZAIREMMAWIA PACHUAU) (PROF. R.P. TIWARI) Assistant Registrar (Finance) Deputy Registrar (Finance) Finance Officer DATED: AIZAWL, THE 25TH MAY, 2013 - Page 4 - SCHEDULE 3 : EARMARKED/ENDOWMENT FUNDS FUND-WISE BREAK UP (`) TOTALS (`) House Motor Rajiv Golden Particulars Computer Previous Building Cycle/Scoote Gandhi Jubilee Current Year Advance Year Advance r Advance Fellowship Chair a) Opening balance of the funds 3,57,46,762 25,29,788 44,59,717 70,14,550 48,65,064 5,46,15,880 6,52,42,546 b) Additions to the Funds: i. Receipts during the financial year 41,00,000 ii. Income from Investments made on account of 49,412 funds iii. Interest on SB A/C 27,137 - - - - 27,137 - iv. Others Accrued Interest on advances 9,82,911 34,074 1,61,393 - 1,22,010 13,00,388 5,57,605 TOTAL (a+b) 3,67,56,810 25,63,862 46,21,110 70,14,550 49,87,074 5,59,43,405 6,99,49,563 c) Utilization/Expenditure towards objective of funds i. Capital Expenditure ii. Revenue Expenditure 63,07,742 63,07,742 1,53,33,682 iii. Advances to employees TOTAL (c) 0 0 0 63,07,742 0 63,07,742 1,53,33,682 NET BALANCE AS AT THE YEAR-END (a 3,67,56,810 25,63,862 46,21,110 7,06,808 49,87,074 4,96,35,663 5,46,15,881 +b–c) (LALZUILIANA THOMTE) (ZAIREMMAWIA PACHUAU) (PROF. R.P. TIWARI) Assistant Registrar (Finance) Deputy Registrar (Finance) Finance Officer DATED: AIZAWL, THE 25TH MAY, 2013 - Page 5 - SCHEDULE - 4: CURRENT LIABILITIES & PROVISIONS Amount in ` A. Current Liabilities 2012 -13 2011-12 1 Deposits from Students 21,64,640 16,32,060 2 Deposits Others 7,25,012 3,40,001 3 Statutory Liabilities – Others (including GPF/CPF/NPS Balances) 2,14,79,601 5,30,71,803 4 Sundry creditors for goods 8,94,275 8,94,275 Other Current Liabilities (a) Group Savings Linked Insurance Scheme (GSLIS) 11,900 - (b) Receipts against ongoing sponsored projects 8,79,53,911 6,71,62,510 (c) Receipts against fellowships and Scholarships 1,99,27,259 2,25,07,003 (d) Receipts against Seminars & Workshop 19,64,216 5,41,801 (e) Unutilized GoI Grants 2,70,69,000 15,61,000 (f) Unutilized Plan Grants (UGC) 1,44,12,43,064 1,34,76,98,544 (g) Unutilized Non Plan Grants 10,06,00,000 7,40,11,000 5 (h) Other Funds 14,30,01,897 18,29,08,624 (i) Recoveries from staff 43,78,937 50,84,930 (j) Other grants 60,09,135 14,75,271 (k) Outstanding liability for expenses 1,89,217 1,78,537 (l) Others (i) Stipends/Book Grant/Scholarships - - (ii) GSLI - - (iii) Salary payable 2,00,18,687 2,31,75,477 (iv) Book overdraft - - Total A : 1,87,76,30,751 1,78,22,42,836 - Page 6 - B. Provisions Provisions for Gratuity 11,68,29,663 9,45,26,345 Provision for Leave Encashment 9,52,31,534 7,44,44,801 Provision for Pension 81,42,53,304 71,92,45,387 Total B: 1,02,63,14,501 88,82,16,533 Total ( A+B ) 2,90,39,45,252 2,67,04,59,369 (LALZUILIANA THOMTE) (ZAIREMMAWIA PACHUAU) (PROF. R.P. TIWARI) Assistant Registrar (Finance) Deputy Registrar (Finance) Finance Officer DATED: AIZAWL, THE 25TH MAY, 2013 - Page 7 - SCHEDULE - 5: FIXED ASSETS & DEPRECIATION AS AT 31.03.2013 GROSS BLOCK (`) DEPRECIATION (`) NET BLOCK (`) Cost/ On A. Additions Deductions Cost/ As at the On assets Deductions/ As at the As at the valuation as Additions Adjustment Total Up to DESCRIPTION during the during the valuation at beginning of previous Current year previous at beginning during during the the year end year year the year end of the year years end year end of the year the year year 1.