Annualadmin2019.Pdf

_waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

ANNUAL ACCOUNTS AND AUDIT REPORT THEREON FOR THE YEAR 2018-19 WITH ACTION TAKEN NOTES ON AUDIT OBSERVATIONS CONTAINED IN THE REPORT

_waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{df` gyMr CONTENTS

A. Z§. {df` n¥ð> g§. SR. NO. ITEMS PAGE NO.

2. boIm narjm [anmoQ>© Am¡a narjm {Q>ßnUr na H$s JB© H$madmB© 46-77 Audit Report and Action taken notes on Audit Observations

_waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m VwbZnÌ BALANCE SHEET AS ON 31ST MARCH, 2019

àma{jV VWm A{Yeof (AZwgyMr -I) 1. RESERVES AND SURPLUS (SCHEDULE-I)

4,89,94,02,240 a) i) n§yOr àma{jV CAPITAL RESERVE 4,89,94,02,240 ny§Or n[ag§n{Îm ~Xcmd àma{jV 5,26,13,768 ii) Capital Assets Replacement Reserve 5,26,13,768 ñWm¶r n[ag§n{Îm Ho$ {cE àmá AZwXmZ 90,35,25,328 iii) Grants Received for Fixed Assets 94,79,11,036 E‘nrAmagrEc ‘o| {Zdoe Ho$ {cE àmá AZwXmZ 6,75,55,41,336 90,00,00,000 iv) Grants Received for investment in MPRCL 1,29,74,00,000 7,19,73,27,044 b) amOñd àma{jV REVENUE RESERVES gm_mÝ` àma{jV {Z{Y — i. General Reserve Fund — gm_mÝ` ~r_m {Z{Y 14,36,87,639 ii. General Insurance Fund 15,41,20,128 H$_©Mmar H$ë`mU {Z{Y 15,00,000 iii. Employees’ Welfare Fund 15,00,000 {Zc§~ {Z{Y — iv. Escrow Fund — B©Ec ZH$XrH$aU {Z{Y 58,78,34,749 v. EL Encashment Fund 64,72,99,903 grEgAma {Z{Y 73,30,22,388 — vi. CSR Fund — 80,29,20,031 c) gm§{d{YH$ àma{jV STATUTORY RESERVES ny§Or n[ag§n{Îm`m| Ho$ ~Xbmd, nwZ:ñWmnZ Am¡a AmYw{ZH$sH$aU Ho$ {bE {Z{Y — i. Fund for Replacement, Rehabilitation and — Modernisation of Capital Assets {dH$mg, F$Um| H$s nwZ: AXm`Jr Am¡a AZwf§{JH$VmAm| Ho$ {bE {Z{Y — — ii. Fund for Development, Repayment of Loans — — and Contingencies 2. F$U {Z{Y LOAN FUNDS a. Agwa{jV F$U UNSECURED LOANS nÎmZm| go F$U 30,00,00,000 30,00,00,000 i. Loans from Ports 25,00,00,000 25,00,00,000 Hwb {Z{Y`m| H$m ñÌmoV Hwb 7,78,85,63,724 TOTAL SOURCES OF FUNDS TOTAL 8,25,02,47,075

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{XZm§H$ 31 _mM©, 2019 VH$ H$m VwbZnÌ BALANCE SHEET AS ON 31ST MARCH, 2019 31 _mM© 2018 VH$ 31 _mM© 2019 VH$ st {ddaU st As on 31 March, 2018 PARTICULARS As on 31 March, 2019 ` ` ` ` {Z{Y`m| H$m AZwà`moJ II. APPLICATION OF FUNDS ñWm`r / ny§Or n[agån{Îm`m§ (AZwgyMr -2) ` 1. FIXED / CAPITAL ASSETS (SCHEDULE -2) gH$c ãcm°H$ 7,16,64,94,332 Gross Block 7,35,08,49,126 KQ>mBE … Ad_yë¶Z àmdYmZ 2,76,63,72,504 Less : Depreciation Provision 2,90,16,13,544 4,40,01,21,828 4,44,92,35,582 Mmby ny§Or H$m`© 5,45,83,10,044 1,05,81,88,216 Capital Work in Progress 94,48,27,095 5,39,40,62,677 {Zdoe (AZwgyMr - 3) 2. INVESTMENTS (SCHEDULE - 3) gm§{d{YH$ {Z{Y — a) Statutory Fund — gm_mÝ` {Z{Y 1,14,39,32,930 b) General Fund 1,48,66,82,930 gm_mÝ` ~r_m {Z{Y — c) General Insurance Fund — {Zc§~ {Z{Y — d) Escrow Fund — B©Ec ZH$XrH$aU {Z{Y 11,46,12,478 e) EL Encashment Fund 17,31,02,221 H$‘©Mmar H$ë¶mU {Z{Y 1,25,85,45,408 — f) Employee Welfare Fund 15,00,000 1,66,12,85,151 AmñW{JV H$a n[agån{Îm¶m§ 3,02,17,08,424 3. DEFERRED TAX ASSET 3,28,99,10,864 Mmby n[agån{Îm`m§, F$U VWm A{J«_ (AZwgyMr - 4) 4. CURRENT ASSETS, LOANS AND ADVANCES (SCHEDULE -4) Mmby n[agån{Îm`m§ a. Current Assets {Zdoem| na àmoX^yV ã`mO i) Interest Accrued on Investments gm§{d[YH$ {Z{Y (AmaAmaE‘grE Am¡a S>rAmaEcgr) — a) Statutory Fund (RRMCA & DRLC) — gm_mÝ` {Z{Y 3,10,48,756 b) General Fund 1,92,43,948 gm_mÝ` ~r_m {Z{Y 68,38,610 c) General Insurance Fund 71,91,218 {Zc§~ {Z{Y — d) Escrow Fund — B©Ec ZH$XrH$aU {Z{Y — e) EL Encashment Fund — H$‘©Mmar H$ë¶mU {Z{Y 3,78,87,366 — f) Employee Welfare Fund 45,544 2,64,80,710 gån{Îm gyMr ii) Inventories AW eof 3,22,85,571 Op. balance 2,60,75,717 KQ>mBE … Yr‘r/AMc gån{Îm¶m| Ho$ {cE àmdYmZ 3,22,85,571 — Less : Provision for slow/non moving inventories 7,47,183 2,53,28,534

6 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m VwbZnÌ BALANCE SHEET AS ON 31ST MARCH, 2019 31 _mM© 2018 VH$ 31 _mM© 2019 VH$ st {ddaU st As on 31 March, 2018 PARTICULARS As on 31 March, 2019 ` ` ` ` iii) Sundry Debtors AW eof 58,91,48,231 Op. balance 60,65,81,802 KQ>mBE … g§{X½Y F$Um| Ho$ {cE àmdYmZ 58,91,48,231 — Less : Provision for doubtful debts 30,09,230 60,35,72,572 ZH$X VWm ~¢H$ eof iv) Cash & Bank Balances gm§{d{YH$ {Z{Y (AmaAmaE_grE Am¡a S>rAmaEcgr) — a) Statutory Fund (RRMCA & DRLC) — gm_mÝ` {Z{Y 99,61,58,070 b) General Fund 1,02,24,07,671 gm_mÝ` ~r_m {Z{Y 13,69,79,925 c) General Insurance Fund 14,61,75,249 {Zc§~ coIm 1,13,31,37,995 — d) Escrow Account — 1,16,85,82,920 F$U, A{J«_ VWm Zm_o eof 72,17,62,553 b. Loans, Advances & Debit Balances 79,83,64,028 2,51,42,21,716 Hw$b Mmby n[agån{Îm`m§ TOTAL CURRENT ASSETS 2,62,23,28,764 KQ>mBE : Mmby Xo`VmE§ VWm àmdYmZ LESS: CURRENT LIABILITIES AND PROVISIONS Mmby Xo`VmE§ i) CURRENT LIABILITIES {d{dY XoZXmar Am¡a O_m eof 9,30,19,69,749 a) Miscellaneous creditors and credit balances. 10,08,90,66,961 ny§Or ì`` Ho$ _X²Xo Xo`Vm — b) Liability towards Capital Expenses — AÝ` 2,91,76,578 c) Others 4,09,39,148 ì`mnm[a`m|, R>oHo$Xmam| Am¡a AÝ`mo§ go O_m 9,76,26,09,383 43,14,63,056 d) Deposits from Merchants, Contractors & Others 36,28,24,701 10,49,28,30,810 àmdYmZ ii) PROVISIONS doVZ g§emoYZ 30,82,77,300 a) Wage Revision 54,88,24,700 CËnmXH$Vm gå~Õ ~moZg 2,53,76,931 b) Productivity Linked Bonus 2,80,01,574 Am¶ H$a 33,36,54,231 — c) Income tax 97,347 57,69,23,621 10,09,62,63,614 Hw$b Mmby Xo`VmE§ TOTAL CURRENT LIABILITIES 11,06,97,54,431 (7,58,20,41,898) {Zdb Mmby n[agån{Îm`m§ NET CURRENT ASSETS (8,44,74,25,667) cm^ VWm hm{Z coIm H$m eof 5,63,20,41,746 BALANCE OF PROFIT AND LOSS ACCOUNT 6,35,24,14,050 7,78,85,63,724 Hw$b TOTAL {Z{Y H$m AZwà`moJ APPLICATION OF FUNDS Hw$b TOTAL 8,25,02,47,075 hñVm /- hñVm /- Sd/- Sd/- VmarI … 18 ‘B© 2019 (AZ§V dr.nr. MmoS>UoH$a) (S>m°. B©. a‘oe Hw$‘ma) Date : 18th May 2019 (ANANT V.P. CHODNEKAR) (DR. E. RAMESH KUMAR) ñWmZ … hoS>c¡ÊS> gS>m, ‘waJm§d Jmodm {dÎmr` gbmhH$ma d _w»` boIm A{YH$mar (à^mar) AÜ`j Place : Headland-Sada, Mormugao-Goa. Financial Adviser & Chief Accounts Officer (I/C) Chairman

7 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 Ho$ {cE cm^ VWm hm{Z coIm PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2019

AZwgyMr Mmby df© {nN>bm df© SCHEDULE CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 `` Am` INCOME Zm¡^ma gåhbmB© Am¡a ^ÊS>maU à^ma CARGO HANDLING & STORAGE CHARGES 5 1,19,14,40,197 1,31,30,21,032 nÎmZ Am¡a JmoXr à^ma (nm`bQ> H$m`© ewëH$ g{hV) PORT & DOCK CHARGES (INCLUDING PILOTAGE FEES) 6 1,31,56,87,877 1,51,96,95,859 aob AO©Z RAILWAY EARNINGS 7 94,52,18,693 1,13,51,00,596 g§nXm {H$amE ESTATE RENTALS 8 37,44,66,119 28,88,84,179 Hw$b n[aMmbZ Am` TOTAL OPERATING INCOME - (I) 3,82,68,12,886 4,25,67,01,666 KQ>mBE: ì`` LESS : EXPENDITURE Zm¡^ma gåhbmB© Am¡a ^ÊS>maU CARGO HANDLING & STORAGE 9 99,62,64,939 1,02,43,54,543 Zmo¡dhZ Ho$ {bE nÎmZ Am¡a JmoXr gw{dYmE§ (nm`bQ> H$m`© ewëH$ g{hV) PORT & DOCK FACILITIES FOR SHIPPING (INCLUDING PILOTAGE) 10 73,54,54,976 78,66,96,546 aob H$m_H$mO RAILWAY WORKING 11 18,66,52,348 21,25,07,409 {H$amE `mo½` ^y{_ Am¡a B_maVo§ RENTABLE LANDS & BUILDINGS 12 9,73,29,913 11,31,99,601 2,01,57,02,176 2,13,67,58,099 OmoS> ADD à~§Y Am¡a gm_mÝ` àemgZ MANAGEMENT & GENERAL ADMINISTRATION 13 58,15,85,556 60,16,06,978 Hw$c n[aMmbZ ì`` (II) TOTAL OPERATING EXPENDITURE - (II) 2,59,72,87,732 2,73,83,65,077 n[aMmbZ A{Yeof/(KmQ>m)(I-II) OPERATING SURPLUS / (DEFICIT) (I-II) 1,22,95,25,154 1,51,83,36,589 OmoS>>> ADD {dÎm Am¡a {d{dY Am` FINANCE & MISCELLANEOUS INCOME 14 20,01,01,291 26,61,39,639 1,42,96,26,445 1,78,44,76,228 KQ>mBE§ LESS {dÎm Am¡a {d{dY ì`` FINANCE & MISCELLANEOUS EXPENDITURE 15 1,51,00,94,434 1,76,24,23,282 AgmYmaU ‘X| VWm H$a go nhbo {Zdb A{Yeof (KmQ>m) NET SURPLUS/ (DEFICIT) BEFORE EXTRA ORDINARY ITEMS AND TAX (8,04,67,989) 2,20,52,946 * H$moð>H$ _| {XE JE Am§H$S>o hm{Z/KmQ>o H$mo Xem©Vo h¢& * Figures in bracket indicates loss/deficit

8 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 Ho$ {cE cm^ VWm hm{Z coIm PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019 Mmby df© {nN>bm df© CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 `` AgmYmaU ‘X VWm H$a go nhbo {Zdb A{Yeof / (KmQ>m) NET SURPLUS/ (DEFICIT) BEFORE EXTRA ORDINARY ITEMS AND TAX (8,04,67,989) 2,20,52,946 OmoS> … AgmYmaU cm^ Add : Extra Ordinary Gain — 52,44,42,602 KQ>mBE§ … AgmYmaU hm{Z Less : Extra Ordinary Loss 90,80,09,407 — AgmYmaU ‘X VWm H$a Ho$ ~mX {Zdb A{Yeof / (KmQ>m) NET SURPLUS/ (DEFICIT) AFTER EXTRA ORDINARY ITEMS AND BEFORE TAX (98,84,77,396) 54,64,95,548 KQ>mBE§ … H$a Ho$ {cE àmdYmZ Less : Provision for Tax 97,347 — KQ>mBE§ … AmñW{JV H$a Zm‘o Less : Deferred tax Debits — — OmoS> … AmñW{JV H$a O‘m Add : Deferred tax Credits 26,82,02,440 33,44,80,885 H$a Ho$ ~mX {Zdb A{Yeof/(KmQ>m) NET SURPLUS / (DEFICIT) AFTER TAX (72,03,72,303) 88,09,76,433 OmoS>>> : H$ë`mU ì`` _| {Zdb A{Yeof {ZH$mbZo Ho$ {b`o à^m[aV ì`` H$mo A§eV: / nyU©V: nyam H$aZo Ho$ {bE àma{jV go {ZH$mbr JB© aH$_ {Ogo H$_©Mmar H$ë`mU {Z{Y go nyam {H$`m OmZm h¡Ÿ& Add : Amount withdrawn from Reserve to meet partially/fully the expenditure charged, to Welfare Expenses to arrive at Net Surplus to be met from the Employees Welfare Fund. 9,44,545 7,01,450 {d{Z`moOZ Ho$ {b`o CnbãY A{Yeof Surplus available for appropriation: (71,94,27,758) 88,16,77,883 KQ>mBE§ LESS {d{Z`moOZ, A§VaU Am¡a àma{jV Am{X Appropriation, transfer & reserve etc. (i) H$_©Mmar H$ë`mU {Z{Y/Employees Welfare Fund 9,44,545 7,01,450 (ii) ~r_m {Z{Y / Insurance Fund — — (iii) ny§Or n[agån{Îm`m| Ho$ nwZ:ñWmnZ, ~Xbmd Am¡a AmYw{ZH$sH$aU Ho$ {bE àma{jV (AmaAmaE_grE) Reserve for Rehabilitation, Replacement & Modernisation of Capital Assets (RRMCA) — — (iv) {dH$mg, F$Um| H$s nwZ:AXm`Jr Am¡a AZwf§{JH$VmAm| Ho$ {bE àma{jV (S>rAmaEcgr) Reserve for Development, Repayment of Loans and Contingencies (DRLC) — — (v) ny§Or n[agån{Îm ~Xbmd àma{jV Capital Assets Replacement Reserve — — (vi) {Zc§~ {Z[Y / Escrow Fund — — 9,44,545 7,01,450 gm_mÝ` àma{jV {Z{Y ‘| A§V[aV/ cm^ VWm hm{Z eof Transferred to General Reserve Fund / Balance of P & L (72,03,72,303) 88,09,76,433 * H$moð>H$ _| {XE JE Am§H$S>o hm{Z/KmQ>o H$mo Xem©Vo h¢& * Figures in bracket indicates loss/deficit hñVm /- hñVm /- VmarI … 18 ‘B© 2019 Sd/- Sd/- Date : 18th May 2019 (AZ§V dr.nr. MmoS>UoH$a) (S>m°. B©. a‘oe Hw$‘ma) ñWmZ … hoS>c¡ÊS> gS>m, ‘waJm§d Jmodm (ANANT V.P. CHODNEKAR) (DR. E. RAMESH KUMAR) Place : Headland-Sada, Mormugao-Goa. {dÎmr` gbmhH$ma d _w»` boIm A{YH$mar (à^mar) AÜ`j Financial Adviser & Chief Accounts Officer (I/C) Chairman

9 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2017-18 Xo`VmE§ 2018-19 2017-18 n[agån{Îm`m§ 2018-19 ` Liabilities `` Assets `

noÝeZ Q´>ñQ> {Z{Y {Zdoe 14,14,93,52,699 Pension Trust Fund 15,85,36,00,055 6,95,98,88,534 Investments 7,77,87,26,746 ~¢H$ _| ZH$X Xo` noÝeZ 4,38,15,991 Cash at Bank 50,36,763 1,05,96,734 Pension Payable 46,21,418 gm_mÝ` {Z{Y go àmß` 7,15,62,44,908 Receivable from General Fund 8,07,44,57,964

14,15,99,49,433 Hw$b / TOTAL 15,85,82,21,473 14,15,99,49,433 Hw$b / TOTAL 15,85,82,21,473

2017-18 Xo`VmE§ 2018-19 2017-18 n[agån{Îm`m§ 2018-19 ` Liabilities `` Assets `

gm. ^. {Z{Y A§eXmVm ImVm {Zdoe 2,19,38,60,358 GPF Subscribers' a/c 2,19,32,07,331 2,12,10,00,000 Investment 2,18,48,60,000

~¢H$ ‘| ZH$X 5,97,17,878 Cash at Bank 47,52,812

ã`mO àma{jV àmoX^yV ã`mO/àmß¶ ì¶mO 2,63,41,284 Interest Reserve 4,05,90,943 3,94,83,764 Accrued Interest / Interest Receivable 4,06,63,850

^{dî¶ {Z{Y {Zdoe na àr{‘¶‘ — Premium on PF Investment 35,21,612

2,22,02,01,642 Hw$b / TOTAL 2,23,37,98,274 2,22,02,01,642 Hw$b / TOTAL 2,23,37,98,274

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2017-18 Xo`VmE§ 2018-19 2017-18 n[agån{Îm`m§ 2018-19 ` Liabilities `` Assets `

J«oÀ`wQ>r Q´>ñQ> {Z{Y {Zdoe 1,02,69,83,781 Gratuity Trust Fund 94,22,50,736 30,40,92,722 Investments 45,88,25,525

Xo¶ J«oÀ¶wQ>r ~¢H$ _| ZH$X 1,50,77,382 Gratuity Payable 1,02,25,093 1,76,43,244 Cash at Bank 88,71,929 gm_mÝ` {Z{Y go àmß` 72,03,25,197 Receivable from General Fund 48,47,78,375

1,04,20,61,163 Hw$b / TOTAL 95,24,75,829 1,04,20,61,163 Hw$b / TOTAL 95,24,75,829

2017-18 Xo`VmE§ 2018-19 2017-18 n[agån{Îm`m§ 2018-19 ` Liabilities `` Assets `

~r_m {Z{Y {Zdoe 14,36,87,639 Insurance Fund 15,41,20,128 13,69,79,925 Investments 14,61,75,249

àmoX^yV ã`mO VWm àmß¶ Q>rS>rEg 67,07,714 Accrued interest & TDS Receivable 79,44,879

14,36,87,639 Hw$b / TOTAL 15,41,20,128 14,36,87,639 Hw$b / TOTAL 15,41,20,128

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2017-18 ì¶¶ 2018-19 2017-18 Am¶ 2018-19 ` Expenditure `` Income `

J«oÀ¶wQ>r Xmdm {Zdoe na ã¶mO 18,88,99,265 Gratuity Claim 14,12,09,882 2,27,42,217 Interest on Investments 2,51,38,897

Am` go A{YH$ ì`` 16,61,57,048 Excess of Expenditure over Income 11,60,70,985

18,88,99,265 Hw$b / TOTAL 14,12,09,882 18,88,99,265 Hw$b / TOTAL 14,12,09,882

2017-18 ì¶¶ 2018-19 2017-18 Am¶ 2018-19 ` Expenditure `` Income `

noÝeZ ^wJVmZ {Zdoe na ã¶mO 24,00,00,000 Pension Payments – 50,06,61,151 Interest on Investments 56,88,38,212

ì`` go A{YH$ Am` 50,06,61,151 Excess of Income over Expenditure 56,88,38,212

50,06,61,151 Hw$b / TOTAL 56,88,38,212 50,06,61,151 Hw$b / TOTAL 56,88,38,212

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2017-18 àm{á¶m§ 2018-19 2017-18 ^wJVmZ 2018-19 ` Receipts `` Payments `

AW eof 01.04.2018 Opening Balance 01.04.2018 ~¢H$ _o ZH$X noÝeZ ^wJVmZ 30,54,453 Cash at Bank 4,38,15,991 1,03,76,26,987 Pension Payments 1,02,49,18,484 {Zdoe 6,45,71,12,372 Investments 6,95,98,88,534 àmá ã`mO 50,06,61,151 Interest Received 56,88,38,212 AÝ` nÎmZmo go àmá 29,24,213 Received from other ports 11,99,736 gm‘mÝ¶ {Z{Y go àmá B{V eof 31.03.2019 1,07,75,79,323 Received from General Fund 1,23,49,39,520 Closing Balance 31.03.2019 ~¢H$ _| ZH$X 4,38,15,991 Cash at Bank 50,36,763 {Zdoe 6,95,98,88,534 Investments 7,77,87,26,746

8,04,13,31,512 Hw$b / TOTAL 8,80,86,81,993 8,04,13,31,512 Hw$b / TOTAL 8,80,86,81,993

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2017-18 àm{á¶m§ 2018-19 2017-18 ^wJVmZ 2018-19 ` Receipts `` Payments ` AW eof 01.04.2018 Opening Balance 01.04.2018 ~¢H$ _o ZH$X AmhaU 10,36,80,322 Cash at Bank 5,97,17,878 9,93,54,265 Withdrawals 8,59,76,788 {Zdoe ^wJVmZ {H$`m J`m ã`mO 2,10,91,00,000 Investments 2,12,10,00,000 1,11,33,346 Interest Paid 1,53,66,679 àmá ã`mO A{J«_ 15,56,73,725 Interest Received 15,90,34,724 5,83,75,885 Advances 5,80,59,432 A§eXmZ A§{V_ {ZnQ>mZ na dmngr 24,18,54,503 Subscriptions 20,59,88,794 31,38,52,045 Refund on Final Settlement 24,87,72,650 A{J«_ H$s dgybr 5,05,78,561 Recovery of Advance 5,16,27,248 AÝ` nÎmZm| go àmá 25,46,308 Received from Other Ports 4,19,717

B{V eof 31.03.2019 Closing Balance 31.03.2019 ~¢H$ _o ZH$X 5,97,17,878 Cash at Bank 47,52,812 {Zdoe 2,12,10,00,000 Investments 2,18,48,60,000

2,66,34,33,419 Hw$b / TOTAL 2,59,77,88,361 2,66,34,33,419 Hw$b / TOTAL 2,59,77,88,361

14 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2017-18 àm{á¶m§ 2018-19 2017-18 ^wJVmZ 2018-19 ` Receipts `` Payments ` AW eof 01.04.2018 ^wJVmZ {H$E JE J«oÀ`wQr Xmdo Opening Balance 01.04.2018 18,92,34,616 Gratuity Claims Paid 14,44,82,133

~¢H$ _o ZH$X 1,78,79,644 Cash at Bank 1,76,43,244 {Zdoe B{V eof 31.03.2019 32,05,00,437 Investments 30,40,92,722 Closing Balance 31.03.2019 AÝ` nÎmZm| go àmá ~¢H$ _o ZH$X — Received from other Ports — 1,76,43,244 Cash at Bank 88,71,929 àmá ã`mO {Zdoe 2,27,42,217 Interest Received 2,51,38,897 30,40,92,722 Investments 45,88,25,525 gm_mÝ` {Z{Y go àmßV 14,98,48,284 Received from General Fund 26,53,04,724

51,09,70,582 Hw$b / TOTAL 61,21,79,587 51,09,70,582 Hw$b / TOTAL 61,21,79,587

15 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 {XZm§H$ 31 _mM©, 2019 H$mo VwbZnÌ H$s AZwgyMr ANNUAL ACCOUNTS 2018-19 AZwgyMr - 1 SCHEDULE TO BALANCE SHEET AS ON 31ST MARCH, 2019 SCHEDULE - 1

ny§Or ny§Or n[agån{Îm ñWm¶r n[agån{Îm E‘nrAmagrEc ‘o| gm‘mÝ¶ H$_©Mmar {Zc§~ ny§Or n[agån{Îm Ho$ {dH$mg F$Um| H$s B©Ec ZH$XrH$aU H$monm}aoQ> gmo{e`c àma{jV ~Xbmd Ho$ {cE {Zdoe H$o$ [cE ~r‘m {Z{Y H$ë`mU {Z{Y ~Xbmd, nwZ:ñWmnZ AXm`Jr Am¡a {Z{Y [añnmopÝg{~{cQ>r àma{jV àmá AZwXmZ àmá AZwXmZ {Z{Y Am¡a AmYw{ZH$sH$aU AZwf§{JH$VmAm| Ho$ {Z{Y Ho$ {bE àma{jV {bE àma{jV Capital Capital Asset Grants Grants General Employees Escrow Reserve for Reserve for EL Corporate Reserve Replacement Received for Received for Insurance Welfare Fund Replacement Development Encashment Social Reserve Fixed Assets investment in Fund Fund Rehabilitation & Repayment Fund Responsibility MPRCL Modernisation of Loan and Fund of Capital Assets Contingencies `` ` `````` `` 1 23 4 56789101112 àma{jV Am¡a A{Yeof Reserves and Surplus 1 Aà¡b 2018 H$mo eof Balance as on 1st April, 2018 4,89,94,02,240 5,26,13,768 90,35,25,328 90,00,00,000 14,36,87,639 15,00,000 — — — 58,78,34,749 — OmoS> Add: A§V[aV Transferred — — 10,10,00,000 39,74,00,000 — — — — — 12,98,035 — {Zdb A{Yeof go {d{Z`moOZ Appropriation from Net surplus — — — — — 9,44,545 — — — 4,88,83,306 — A{O©V ã`mO Interest earned — — — — 1,04,32,489 — — — — 92,83,813 — ~r‘m§H$Z Xo¶Vm hoVw àmdYmZ Provision for Acturial Liability — — — — — — — — — — — KQ>mBE Less: A§V[aV/à`moÁ` Transferred/Utilised — — 5,66,14,292 — — 9,44,545 — — — — — `moOZmJV/J¡a `moOZmJV `moOZmAm| Ho$ {cE Amh[aV Withdrawn for Plan / Non Plan Schemes — — — — — — — — — — — {XZm§H$ 31 _mM©, 2019 H$mo eof Balance as on 31st March, 2019 4,89,94,02,240 5,26,13,768 94,79,11,036 1,29,74,00,000 15,41,20,128 15,00,000 —— — 64,72,99,903 —

16 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 {XZm§H$ 31 _mM©, 2019 H$mo VwbZnÌ H$s AZwgyMr ANNUAL ACCOUNTS 2018-19 AZwgyMr - 2 ST SCHEDULE TO BALANCE SHEET AS ON 31 MARCH, 2019 SCHEDULE - 2 ny§Or n[agån{Îm`m§> Hw$b ãbmH$ bmJV Ad_yë`Z {Zdb ãbmH$ bmJV CAPITAL ASSETS GROSS BLOCK AT COST DEPRECIATION NET BLOCK AT COST H«$. n[agån{Îm`m| H$m {ddaU 1 Aà¡b df© Ho$ Xm¡amZ df© Ho$ Xm¡amZ 31 _mM© 1 Aà¡b 2018 g_m`moOZ, df© Ho$ Xm¡amZ 31 _mM© 2019 1 Aà¡b 31 _mM© g§. 2018 H$mo n[adY©Z {dbmonZ 2019 H$mo H$mo {dbmonZ Am{X àmdYm{ZV H$mo (6-7+8) 2018 H$mo> 2019 H$mo Sr. Particulars of As on Additions Deletions As on As on Adjustments Provided As on As on As on No. Assets 01.04.2018 During During 31.03.2019 01.04.2018 Deletions, During 31.03.2019 01.04.2018 31.03.2019 the year the year (2+3-4) etc. the year (6-7+8) (2-6) (5-9) `` ` ``` `` `` 1 23 4 567 891011 1 ^y{_ Land 8,98,25,045 24,75,550 — 9,23,00,595 — — — — 8,98,25,045 9,23,00,595 2 ny§OrJV {ZH$f©U Capital Dredging 1,42,92,24,574 — — 1,42,92,24,574 45,81,97,760 — 1,97,29,357 47,79,27,117 97,10,26,814 95,12,97,457 3 B_maVo, eoS>o Am¡a AÝ` g§aMZmE§ Building, Sheds & Other Structures 1,30,81,06,838 8,64,986 7,05,322 1,30,82,66,502 35,71,94,022 4,00,095 2,75,36,924 38,43,30,851 95,09,12,816 92,39,35,651 4 KmQ>, gS>H|$, ~mhar Xrdma| Wharves, Roads, Boundaries 40,27,93,118 — 4,51,756 40,23,41,362 15,67,57,301 4,51,756 2,18,96,523 17,82,02,068 24,60,35,817 22,41,39,294 5 aoëdo Am¡a Mb ñQ>m°H$ Railway and Rolling Stock 49,56,03,250 15,67,46,191 3,87,80,919 61,35,68,522 28,62,10,146 3,87,80,918 2,32,11,526 27,06,40,754 20,93,93,104 34,29,27,768 6 ßbmdr Ob`mZ Floating Crafts 47,08,05,162 — — 47,08,05,162 43,34,27,171 — 74,80,009 44,09,07,180 3,73,77,991 2,98,97,982 7 JmoXr, g_wÐr Xrdma|, ñV§^ Am¡a Zm|g§MmcZ gmYZ Docks, Sea Walls, Piers, Navigational Aids 1,97,49,87,284 — — 1,97,49,87,284 51,68,37,680 — 3,42,32,871 55,10,70,551 1,45,81,49,604 1,42,39,16,733 8 H«o$Z Am¡a dmhZ Cranes & Vehicles 33,88,48,806 52,87,500 8,60,106 34,32,76,200 10,83,63,171 8,60,108 1,86,41,073 12,61,44,136 23,04,85,635 21,71,32,064

17 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 {XZm§H$ 31 _mM©, 2019 H$mo VwbZnÌ H$s AZwgyMr ANNUAL ACCOUNTS 2018-19 2 SCHEDULE TO BALANCE SHEET AS ON 31ST MARCH, 2019 AZwgyMr - SCHEDULE - 2 ny§Or n[agån{Îm`m§> Hw$b ãbmH$ bmJV Ad_yë`Z {Zdb ãbmH$ bmJV CAPITAL ASSETS GROSS BLOCK AT COST DEPRECIATION NET BLOCK AT COST H«$. n[agån{Îm`m| H$m {ddaU 1 Aà¡b df© Ho$ Xm¡amZ df© Ho$ Xm¡amZ 31 _mM© 1 Aà¡b 2018 g_m`moOZ, df© Ho$ Xm¡amZ 31 _mM© 2019 1 Aà¡b 31 _mM© g§. 2018 H$mo n[adY©Z {dbmonZ 2019 H$mo H$mo {dbmonZ Am{X àmdYm{ZV H$mo (6-7+8) 2018 H$mo> 2019 H$mo Sr. Particulars of As on Additions Deletions As on As on Adjustments Provided As on As on As on No. Assets 01.04.2018 During During 31.03.2019 01.04.2018 Deletions, During 31.03.2019 01.04.2018 31.03.2019 the year the year (2+3-4) etc. the year (6-7+8) (2-6) (5-9) `` ` ``` `` `` 1 23 4 567 891011 9 g`§Ì Am¡a _erZar Plant & Machinery 12,53,81,168 1,53,96,672 8,56,022 13,99,21,818 4,18,03,142 8,56,022 82,85,701 4,92,32,821 8,35,78,026 9,06,88,997 10 Obmny{V© / Water Supply 4,48,12,126 — 18,700 4,47,93,426 3,49,34,286 18,700 11,32,136 3,60,47,722 98,77,840 87,45,704 11 {~Obr, Xyag§Mma Am¡a A{¾e_Z Electricity, Telecommunication and Fire Fighting 26,04,45,620 3,73,69,733 — 29,78,15,353 18,51,59,976 — 91,11,659 19,42,71,635 7,52,85,644 10,35,43,718 12 {d{dY / Miscellaneous 22,56,61,341 1,05,48,124 26,61,137 23,35,48,328 18,74,87,849 26,61,137 80,11,997 19,28,38,709 3,81,73,492 4,07,09,619

Hw$c / Total 7,16,64,94,332 22,86,88,756 4,43,33,962 7,35,08,49,126 2,76,63,72,504 4,40,28,736 17,92,69,776 2,90,16,13,544 4,40,01,21,828 4,44,92,35,582 Mmby ny§Or H$m`© Capital Work in Progress 1,05,81,88,216 11,53,27,635 22,86,88,756 94,48,27,095 ‘yc cmJV na Hw$c ny§Or n[agån{Îm`m§ Total Capital Assets at Original Cost 8,22,46,82,548 34,40,16,391 27,30,22,718 8,29,56,76,221

18 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 {XZm§H$ 31 _mM©, 2019 VH$ Ho$ VwbZnÌ H$s AZwgyMr ANNUAL ACCOUNTS 2018-19 3 ST AZwgyMr - SCHEDULE TO BALANCE SHEET AS ON 31 MARCH, 2019 SCHEDULE - 3

2018-2019 2017-2018 ` ` {Zdoe INVESTMENTS {gV§~a 1961 _| IarXo JE BñQ>mboam°g ZmdmB©g S>r Jmodm Ho$ 37,740 eoàm| H$m bmJV _yë`& {XZm§H$ 14 Aà¡b 1963 H$mo, _mPJm§d S>m°H$ {b{_Q>oS>, _w§~B© (Jmodm emIm) Zo BñQ>mboam°g ZmdmB©g S>r Jmodm H$mo AnZo AYrZ _| bo {b`m & Bg \$_© H$mo A~ _ogg© Jmodm {en`mS>© {b{_Q>oS>, (OrEgEb) Ho$ Zm_ VWm e¡br _| nwZJ©{R>V {H$`m J`m h¡Ÿ& ‘B© 2017 ‘| àM{cV ~moZg eo¶am| g{hV A~ VH$ eo¶am| H$r Hw$c g§»¶m 2,26,436 h¡& Cost price of 37,740 shares of Estaleiros Navais de Goa purchased during September, 1961. The Estaleiros Navais de Goa was taken over by the Mazgaon Dock Ltd., Mumbai(Goa Branch) on 14th April, 1963. The firm is now reconstituted under the style and name, "M/s Goa Shipyard Ltd" (GSL). The total no. of shares as on date including bonus shares issued in May 2017 are 2,26,436. 3,77,400 3,77,400 _mM©/Aà¡b 1964 _| IarXo JE nÎmZ H$_©Mmar ghH$mar g§ñWmZ {b{_Q>oS> Ho$ 250 eoàm| H$m bmJV _yë`Ÿ& Cost price of 250 shares of the Port Employees Cons. Co-op Society Ltd, purchased during March/April,1964. 2,500 2,500 _waJm§d nÎmZ amoS> H§$. {c{‘Q>oS> Ho$ 143801803 eoàm| H$m bmJV _yë¶ àË¶oH$s é.10/- 143801803 Equity Shares of Rs.10/- each in Mormugao Port Road Co. Ltd. 1,43,80,18,030 1,08,80,18,030 ^maVr¶ nÎmZ aoc H$mnm}aoeZ {c{‘Q>oS> Ho$ 4500000 eoàm| H$m bmJV _yë¶ àË¶oH$s é.10/- 4500000 Equity Shares of Rs. 10/- each in Indian Port Rail Corporation Ltd. 4,50,00,000 1,48,33,97,930 4,50,00,000 1,13,33,97,930 amï´>r`H¥$V ~¢H$m| Ho$ nmg gmd{Y O_mŸ Fixed Deposits with Nationalised Banks gm_mÝ` {Z{Y GENERAL FUND 32,85,000 1,05,35,000 AÝ¶ {Zdoe Other Investments B©Ec ZH$XrH$aU {Z{Y EL ENCASHMENT FUND 17,31,02,221 11,46,12,478 H$‘©Mmar H$ë¶mU {Z{Y Employee Welfare Fund 15,00,000 17,78,87,221 — 12,51,47,478

Hw$c> / TOTAL 1,66,12,85,151 1,25,85,45,408

19 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 {XZm§H$ 31 _mM©, 2019 VH$ Ho$ VwbZnÌ H$s AZwgyMr ANNUAL ACCOUNTS 2018-19 AZwgyMr - 4 SCHEDULE TO BALANCE SHEET AS ON 31ST MARCH, 2019 SCHEDULE–4 2018-2019 2017-2018 Mmby n[agån{Îm`m§ CURRENT ASSETS ` ` {Zdoem| na àmoX^yV ã`mO I) INTEREST ACCRUED ON INVESTMENTS gm§{d{YH$ {Z{Y (AmaAmaE_grE Am¡a S>rAmaEcgr) a) Statutory Fund (RRMCA & DRLC) — — gm_mÝ` {Z{Y b) General Fund 1,92,89,492 3,10,48,756 ~r_m {Z{Y c) Insurance Fund 71,91,218 68,38,610 {Zc§~ coIm d) Escrow Account — — B©Ec ZH$XrH$aU {Z{Y e) EL Encashment Fund — 2,64,80,710 — 3,78,87,366 II) gån{Îm gyMr INVENTORIES 2,60,75,717 3,22,85,571 III) \w$Q>H$a coZXmar SUNDRY DEBTORS gaH$mar Xo` am{e a) Govt. Dues N>h _mh go H$_ Less than six months old 82,78,072 20,68,26,389 N>h _mh go A{YH$ More than six months old 15,98,70,012 12,73,505 A§Va nÎmZ Xo` am{e b) Inter Port Dues N>h _mh go H$_ Less than six months old 8,079 — N>h _mh go A{YH$ More than six months old 16,406 — J¡a gaH$mar Xo` am{e c) Non-Govt. Dues N>h _mh go H$_ Less than six months old 14,47,53,052 20,42,97,479 N>h _mh go A{YH$ More than six months old 29,36,33,389 17,67,25,465 H$‘©Mmar Xo¶ am{e d) Employees Dues N>h _mh go H$_ Less than six months old 22,793 25,393 N>h _mh go A{YH$ More than six months old — 60,65,81,802 — 58,91,48,231

20 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2018-2019 2017-2018 Mmby n[agån{Îm`m§ CURRENT ASSETS ` ` ZH$X Am¡a ~¢H$mo _| eof IV) CASH AND BANK BALANCES amï´>r`H¥$V ~¢H$ Am¡a AÝ` {dÎmr` g§ñWmAmo _| gmd{Y O_m i) Fixed Deposits with Nationalised Banks & other Financial Institutions :- EH$ df© go H$_ Less than one year gm§{d{YH$ {Z{Y (AmaAmaE_grE VWm S>rAmaEcgr) a) Statutory Fund (RRMCA & DRLC) — — gm_mÝ` {Z{Y b) General Fund 85,72,25,572 94,17,57,958 gm_mÝ` ~r_m {Z{Y c) General Insurance Fund 14,61,75,249 13,69,79,925 {Zc§~ {Z{Y d) Escrow Fund — 1,00,34,00,821 — 1,07,87,37,883 ~¢H$ _| ZH$X ii) Cash at Bank gm_mÝ` {Z{Y a) General Fund 16,48,51,410 16,48,51,410 5,40,22,602 5,40,22,602 hñVo ZH$X iii) Cash in Hand gm_mÝ` {Z{Y a) General Fund 53,189 95,010 {d^mJm| _| ZH$X (AJ«Xm`) b) Cash with Departments (Imprest) 2,77,500 3,30,689 2,82,500 3,77,510 V) G$U VWm A{J«_ LOANS & ADVANCES H$_©Mm[a`m| Ho$ {bE A{J«_ a) Advances to Employees 45,25,061 1,06,52,968 àmß` Q>rS>rEg b) TDS Receivables 47,32,20,356 32,45,69,499 {d{dY Zm_o eof c) Miscellaneous Debit Balance 32,06,18,611 79,83,64,028 38,65,40,086 72,17,62,553

Hw$b / TOTAL 2,62,60,85,177 2,51,42,21,716

21 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m gm_mÝ` {Z{Y {Zdoe GENERAL FUND INVESTMENTS AS ON 31ST MARCH, 2019

H«$_ {Zdo{eVr {Zdoe H$s n[an¹$Vm ã`mO {Zdo{eV$ am{e g§. à_mUnÌ/Q>rS>rAma g§. VmarI VmarI Xa (`) Sl. Investee Date of Maturity Interest Amount No. Certificate / TDR No. Investment Date Rate Invested (`) (1) (2) (3) (4) (5) (6) (7) H$mnm}aoeZ ~¢H$, dmñH$mo 530401087745314 1 Corporation Bank, Vasco KCC/01/151038000412 21/07/2015 21/07/2020 8.15% 3,50,000 H$mnm}aoeZ ~¢H$, dmñH$mo 530401087755735 2 Corporation Bank, Vasco KCC/01/ 161269-000412 13/10/2016 13/11/2021 7.15% 5,75,000 H$mnm}aoeZ ~¢H$, dmñH$mo 530101342981751 3 Corporation Bank, Vasco KCC/01/412261 12/12/2017 12/12/2021 6.50% 23,60,000 EH$ df© Am¡a Cggo A{YH$ One year and above 32,85,000 1 {dO¶m ~¢H$ / VIJAYA BANK FDR NO.594803 04/07/2018 30/07/2019 7.15% 13,00,00,000 2 {dO¶m ~¢H$ / VIJAYA BANK FDR NO.594802 04/07/2018 31/08/2019 7.15% 13,00,00,000 3 {dO¶m ~¢H$ / VIJAYA BANK FDR NO.594838 01/08/2018 30/08/2019 7.10% 13,00,00,000 4 {dO¶m ~¢H$ / VIJAYA BANK FDR NO. 594863 30/08/2018 27/09/2019 7.12% 16,00,00,000 5 {dO¶m ~¢H$ / VIJAYA BANK FDR NO.140509 30/10/2018 30/10/2019 7.29% 8,00,00,000 H$mnm}aoeZ ~¢H$, dmñH$mo 530401087742171 6 CORP BANK, VASCO KCC/01/141700000/412 20/10/2017 13/10/2019 6.50% 53,00,000 H$mnm}aoeZ ~¢H$, dmñH$mo 530401087742595 7 CORP BANK, VASCO KCC/01/141821000412 08/11/2014 08/11/2019 9.00% 9,50,000 H$mnm}aoeZ ~¢H$, dmñH$mo 8 CORP BANK, VASCO 530101006548117 FD/01/17004 20/01/2019 20/01/2020 6.50% 10,00,000 B§{S>¶Z AmodagrO ~¢H$ 9 INDIAN OVERSEAS BANK FDR NO. 793993 26/09/2018 26/09/2019 7.25% 5,00,00,000 Eg.~r.AmB©., H$_{e©`c emIm, dmñH$mo 10 SBI/COM. BR./VASCO TDR 37255842681 17/09/2018 16/09/2019 6.70% 10,00,000 Eg.~r.AmB©., H$_{e©`c emIm, dmñH$mo 11 SBI/COM. BR./VASCO TDR 34334795824 05/03/2019 04/03/2020 6.50% 10,00,000 12 Eg.~r.AmB©. E‘.Ama.EM/SBI MRH FDR NO. 38356103476 28/03/2019 26/06/2019 6.25% 6,79,75,572 13 Eg.~r.AmB©. E‘.Ama.EM/SBI MRH FDR NO. 38362269141 28/03/2019 29/04/2019 5.75% 10,00,00,000 EH$ df© go H$_ Less than one year 85,72,25,572

Hw$b / TOTAL 86,05,10,572

22 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m ^{dî` {Z{Y {Zdoe PROVIDENT FUND INVESTMENTS AS ON 31ST MARCH, 2019

H«$_ {Zdo{eVr {Zdoe H$s n[an¹$Vm ã`mO {Zdo{eV$ am{e g§. à_mUnÌ/Q>rS>rAma g§. VmarI VmarI Xa (`) Sl. Investee Date of Maturity Interest Amount No. Certificate / TDR No. Investment Date Rate Invested (`) (1) (2) (3) (4) (5) (6) (7) 1 AmB©S>r~rAmB© ~¢H$ / IDBI BANK IDBI - 0177106000044484 - 83760480 05/04/2018 05/04/2019 7.21% 8,00,00,000 2 AmB©S>r~rAmB© ~¢H$ / IDBI BANK IDBI - 0177106000044660- 84291514 12/04/2018 12/04/2019 7.21% 10,00,00,000 3 AmB©S>r~rAmB© ~¢H$ / IDBI BANK IDBI - 0177106000045094 - 84291624 11/05/2018 11/05/2019 7.21% 12,00,00,000

4 JwOamV EgS>rEc 2028 / GUJARAT SDL 2028 IN1520180119 19/09/2018 19/09/2028 8.70% 7,34,70,000

V‘rcZmSy> EgS>rEc 2026 / 5 TAMIL NADU SDL 2026 IN3120180127 19/09/2018 19/09/2026 8.72% 9,16,00,000

6 JwOamV EgS>rEc 2028 / GUJARAT SDL 2028 IN1520180143 10/10/2018 10/10/2028 8.65% 5,00,00,000 V‘rcZmSy> EgS>rEc 2028 7 TAMIL NADU SDL 2028 IN3120180143 10/10/2018 10/10/2028 8.68% 5,00,00,000

8 JwOamV EgS>rEc 2028 / GUJARAT SDL 2028 IN1520180150 17/10/2018 17/10/2028 8.60% 7,00,00,000 AmÝY« àXoe EgS>rEc 2032 9 ANDHRA PRADESH SDL 2032 IN1020180296 17/10/2018 17/10/2032 8.60% 10,00,00,000 CÎma àXoe EgS>rEc 2028 10 UTTAR PRADESH SDL 2028 IN3320180091 19/12/2018 19/12/2028 8.19% 6,00,00,000 CÎma àXoe EgS>rEc 2029 11 UTTAR PRADESH SDL 2029 IN3320180174 06/03/2019 06/03/2029 8.43% 5,00,00,000

12 n§Om~ EgS>rEc 2029 / PUNJAB SDL 2029 IN2820180155 20/03/2019 20/03/2029 8.23% 19,00,00,000 13 H$Zm©Q>H$ EgS>rEc 2029 / KARNATAKA SDL 2029 IN1920180214 20/03/2019 20/03/2029 8.16% 7,88,80,000 14 JwOamV EgS>rEc 2029 / GUJARAT SDL 2029 IN1520180333 20/03/2019 20/03/2029 8.14% 7,09,10,000 15 h[a¶mUm EgS>rEc 2028 / HARYANA SDL 2028 IN1620180035 20/03/2019 04/07/2028 8.57% 10,00,00,000 16 hþS>H$mo 2029 / HUDCO-2029 INE031A08699 19/03/2019 15/03/2029 8.41% 30,00,00,000 17 AmaB©grEc 2028 /RECL-2028 INE020B08AY3 19/03/2019 24/03/2028 8.01% 5,00,00,000 AmaB©grEc OrAmoAmB©-VII {g[aO 2029 18 RECL GOI-VII SERIES 2029 INE020B08BO2 22/03/2019 25/03/2029 8-30% 25,00,00,000 Eg~rAmB© E‘²E’$ EEg 31.3.2019 19 SBI MF AS 31.3.2019 FOLIO NO. 22147019 - - 30,00,00,000 Hw$b / TOTAL 2,18,48,60,000

23 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m ^{dî` {Z{Y {Zdoe WELFARE FUND INVESTMENTS AS ON 31ST MARCH, 2019

Hw$b / TOTAL 15,00,000

{XZm§H$ 31 _mM©, 2019 VH$ H$m gm_mÝ` ~r‘m {Z{Y {Zdoe GENERAL INSURANCE FUND INVESTMENTS AS ON 31ST MARCH, 2019

H«$_ {Zdoe H$s n[an¹$Vm ã`mO {Zdo{eV$ am{e g§. {Zdo{eVr à_mUnÌ/Q>rS>rAma g§. VmarI VmarI Xa (`) Sl. Investee Date of Maturity Interest Amount No. Certificate / TDR No. Investment Date Rate Invested (`) (1) (2) (3) (4) (5) (6) (7) 1 AmB©S>r~rAmB© ~¢H$ / IDBI BANK IDBI-0177106000045164 - 84291636 17/05/2018 17/05/2019 7.21% 11,86,93,666

2 AmB©Amo~r ~¢H$ / IOB BANK FDR NO.791839 29/03/2019 28/03/2020 7.00% 2,74,81,583

Hw$b / TOTAL 14,61,75,249

24 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m noÝeZ {Z{Y {Zdoe PENSION FUND INVESTMENTS AS ON 31ST MARCH, 2019

{ddaU am{e (`) Particulars Amount (`)

{X. 01/04/2018 H$mo AW eof Opening Balance as on 01/04/2018 H$) Ec.AmB©.gr. Am°’$ B§{S>¶m a) The L.I.C. of India 6,94,30,71,016 I) Eg.~r.AmB©. cmB©’$ BÝí¶waÝg b) SBI Life Insurance 1,68,17,518

6,95,98,88,534

{X. 31/03/2019 H$mo B{V eof Closing Balance as on 31/03/2019 H$) Ec.AmB©.gr. Am°’$ B§{S>¶m a) The L.I.C. of India 7,76,05,89,053 I) Eg.~r.AmB©. cmB©’$ BÝí¶waÝg b) SBI Life Insurance 1,81,37,693

Hw$b / TOTAL 7,77,87,26,746

25 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 VH$ H$m Nw>Å>r ZH$XrH$aU {Zdoe LEAVE ENCASHMENT FUND INVESTMENTS AS ON 31ST MARCH 2019

{ddaU am{e (`) Particulars Amount (`) {X. 01/04/2018 H$mo AW eof Opening Balance as on 01/04/2018 Ec.AmB©.gr. Am°’$ B§{S>¶m The L.I.C. of India 11,46,12,478 OmoS>o … Add : df© 2018-19 Ho$ Xm¡amZ OmoS> Additions During 2018-19 5,00,00,000 df© 2018-19 Ho$ Xm¡amZ àmßV {Zdc ì¶mO Net Interest Earned During 2018-19 92,83,813 KQ>mBE … Less : KQ>mE JE {Z{Y à~§Y à^ma Fund Management Charges Deducted 7,94,070

{X. 31/03/2019 H$mo B{V eof Closing Balance as on 31/03/2019 17,31,02,221

{XZm§H$ 31 _mM©, 2019 VH$ H$m J«oÀ`wQ>r {Z{Y {Zdoe GRATUITY FUND INVESTMENTS AS ON 31ST MARCH, 2019 {ddaU am{e (`) Particulars Amount (`) {X. 01/04/2018 H$mo AW eof Opening Balance as on 01/04/2018 Ec.AmB©.gr. Am°’$ B§{S>¶m The L.I.C. of India 30,40,92,722 OmoS>o … Add : df© 2018-19 Ho$ Xm¡amZ OmoS> Additions During 2018-19 27,08,14,295 df© 2018-19 Ho$ Xm¡amZ àmßV ì¶mO Interest Earned During 2018-19 2,51,38,897 KQ>mBE … Less : df© 2018-19 Ho$ {cE Xmdm Claims for 2018-19 14,12,09,882 KQ>mE JE {Z{Y à~§Y à^ma Fund Management Charges Deducted 10,507

{X. 31/03/2019 H$mo B{V eof Closing Balance as on 31/03/2019 45,88,25,525

26 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ coIm 2018-19/ ANNUAL ACCOUNTS 2018-19 {XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019 Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 5 SCHEDULE - 5 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` Am` / INCOME Zm¡^ma gåhcmB© Am¡a ^ÊS>maU à^ma CARGO HANDLING & STORAGE CHARGES Zm¡^ma Am¡a ^ÊS>maU à^ma (Ho$ÝQ>oZa H$mo N>moS>H$a) Handling and Storage Charges (excluding Containers) 36,66,16,647 60,36,61,803 JmoXm_m| _| Zm¡^ma H$m ^ÊS>maU Storage of Goods in Warehouses 87,64,194 1,29,93,346 H«o$Z à^ma Cranage 13,36,280 19,41,510 noQ´>mo{b`_ Vob Am¡a ñZohH$ gåhbmB© à^ma Petroleum Oil & Lubricants Handling Charges 28,44,09,100 17,81,20,607 H§$Q>oZa gåhbmB© hoVw à^ma (H§$Q>oZamB©ÁS> Zm¡^ma g{hV) Charges for Container Handling (including Containerised Cargo) 10,71,51,358 4,12,13,675 ~rAmoQ>r g§{dXm go Am` Income from BOT contracts 40,17,33,488 44,39,91,926 {d{dY Am` Miscellaneous Income 2,14,29,130 3,10,98,165 Cn OmoS> / Sub Total 1,19,14,40,197 1,31,30,21,032

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 6 SCHEDULE - 6 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` nÎmZ Am¡a JmoXr à^ma PORT & DOCK CHARGES âcmo{Q>cm {H$am¶m / Hire of Flotilla 2,95,27,438 3,32,37,996 KmQ> {H$am`m à^ma / Berth Hire Charges 33,14,77,533 41,11,73,778 H«w$O OhmO à^ma / Cruise Vessels charges 8,52,15,244 4,41,67,466 nÅ>oH¥$V KmQ> na àr{‘¶‘ / Premium on Leased Berths 9,26,32,511 8,21,53,367 nÎmZ Xo` am{e / Port Dues 24,26,36,927 31,16,26,282 nm`bQ> H$m`© ewëH$ / Pilotage Fees 47,89,39,927 61,00,85,281 Zm¡dhZ Ho$ {bE Obny{V© / Water Supply to Shipping 1,72,32,171 1,80,69,888 ~rAmoQ>r g§{dXm go Am` (EE_nrQ>rnrEc) / Income from BOT contract (AMPTPL) 3,49,65,976 81,12,922 {d{dY Am` / Miscellaneous Income 30,60,150 10,68,879 Cn OmoS> / Sub Total 1,31,56,87,877 1,51,96,95,859

27 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 7 SCHEDULE - 7 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` aob AO©Z RAILWAY EARNINGS H$f©U à^ma Haulage Charges 62,15,79,575 74,94,86,355 Q>{_©Zb à^ma Terminal Charges 30,78,93,418 37,27,26,301 {d{dY dgy{c¶m§ Miscellaneous Recoveries 1,57,45,700 1,28,87,940

Cn OmoS> / Sub Total 94,52,18,693 1,13,51,00,596

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 8 SCHEDULE - 8 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` g§nXm {H$amE ESTATE RENTALS ^y{_ H$m {H$am`m Rent from Lands 17,40,03,138 3,65,50,326 B_maVm| H$m {H$am`m Rent from Buildings 5,81,44,506 4,83,22,883 nQ>Q>oH¥$V ^y{_ na àr{_`_ Premium on Leased Land 10,22,155 10,22,155 cmBg|g ewëH$ (S>ãë¶yAm`EgEc) Licence Fees (WISL) — 6,66,15,672 cmBg|g ewëH$ (EgS>ãë¶ynrEc) Licence Fees (SWPL) 6,49,51,880 6,66,26,504 cmBg|g ewëH$ (EE_nrQ>rnrEc) Licence Fees (AMPTPL) 6,89,20,850 6,32,21,044 {d{dY Am` Miscellaneous Income 74,23,590 65,25,595

Cn OmoS> / Sub Total 37,44,66,119 28,88,84,179

28 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 9 SCHEDULE - 9 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` ì`` / EXPENDITURE Zm¡^ma gåhbmB© Am¡a ^ÊS>maU à^ma CARGO HANDLING AND STORAGE CHARGES eoS>m| Am¡a KmQ>m| _| gm_mÝ` Zm¡^ma H$s gåhbmB© Am¡a ^ÊS>maU Handling and Storage of General Cargo at Sheds & Wharves 24,60,98,906 25,23,37,021 H«o$Zm| H$m n[aMmbZ d AZwajU Operation & Maintenance of Cranes 11,15,18,448 4,58,98,994 A`ñH$ gåhbmB© g§`§Ì, KmQ> gw{dYmE§ AZwf§{JH$ gw{dYmE§ Am¡a gm_mÝ` gw{dYmE§ Ore Handling Plant, Berthing, Ancilliary & General Facilities 15,39,44,541 19,18,72,007 {~Obr g§ñWmnZ Am¡a {~Obr à^ma Electricity Installation & Energy Charges 7,70,93,884 8,68,33,675 àMmcZ ì`` Operational Expenses 37,42,45,366 42,12,83,426 Ad_yë`Z Depreciation 3,33,63,794 2,61,29,420 Cn OmoS> / Sub Total 99,62,64,939 1,02,43,54,543

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 10 SCHEDULE - 10 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` Zm¡dhZ Ho$ {bE nÎmZ Am¡a JmoXr gw{dYmE§ PORT & DOCK FACILITIES FOR SHIPPING KmQ> bJmZm Am¡a _y[a¨J / Berthing & Mooring 25,46,59,668 23,13,58,953 nm`bQ> H$m`© Am¡a Zm¡H$f©U / Pilotage and Towing 4,24,21,040 5,07,03,974 ewîH$ JmoXrH$aU à^ma / Dry Docking Charges 48,95,765 66,85,028 Obmny{V© / Water Supply 7,16,61,463 6,46,59,424 AmJ ~wPmZm / Fire Fighting 2,10,46,580 2,11,96,166 {ZH$f©U Am¡a g_wÐr gd}jU / Dredging and Marine Survey 15,33,15,565 20,54,95,918 Zm¡g§MmbZ gmYZm| H$m àMmbZ Am¡a AZwajU Operation and Maintenance of Navigational Aids 1,05,43,224 1,02,16,973 JmoXr, ~§XaJmh Xrdmam| Am¡a g_wÐr g§aMZmAm| H$m AZwajU Maintenance of Docks, Harbour Walls and Marine Structures 21,79,504 10,45,510 àMmcZ ì`` / Operational Expenses 3,80,21,417 3,47,07,176 àemgZ Ed§ gm‘mÝ¶ ì¶¶ / Administration & General Expenses 7,64,59,581 7,58,27,408 Ad_yë`Z / Depreciation 6,02,51,169 8,48,00,016 Cn OmoS> / Sub Total 73,54,54,976 78,66,96,546

29 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 11 SCHEDULE - 11 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` aob H$m_H$mO RAILWAY WORKING aob B§{OZ, _mb {S>ã~m| Am{X H$m n[aMmbZ Am¡a AZwajU Operation and Maintenance of Locomotives, Wagons etc. 6,47,98,578 10,75,67,523 ñWmB© aobnW, {g½Zb Am¡a B§ÝQ>a cm°qH$J gw{dYmAm| H$m AZwajU Maintenance of Permanent Way, Signal and Inter-Locking Facilities 2,11,00,093 1,18,70,032 `mS>© Am¡a gmBqS>½g H$m n[aMmbZ Am¡a AZwajU Operation and Maintenance of Yards and Sidings 4,78,48,313 4,84,89,991 àMmcZ ì`` Operational Expenses 2,92,12,459 2,41,18,041 Ad_yë`Z Depreciation 2,36,92,905 2,04,61,822

Cn OmoS> / Sub Total 18,66,52,348 21,25,07,409

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 12 SCHEDULE - 12 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` {H$am`o `mo½` ^y{_ Am¡a B_maV| RENTABLE LANDS AND BUILDINGS g§nXm àMmcZ Am¡a AZwajU ì`` Estate Operation & Maintenance Expenses 5,15,49,830 5,52,03,710 àMmcZ ì`` Operational Expenses 3,96,46,294 5,18,50,244 Ad_yë`Z Depreciation 61,33,789 61,45,647

Cn OmoS> / Sub Total 9,73,29,913 11,31,99,601

30 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

Mmby df© 2018-19 {nN>bm df© 2017-18 CURRENT YEAR PREVIOUS YEAR AZwgyMr - 13 SCHEDULE - 13 2018-19 2017-18 ` ` à~ÝY Am¡a gm_mÝ` àemgZ ì`` MANAGEMENT & GENERAL ADMINISTRATION EXPENSES à~ÝY Am¡a g{Mdr` ì`` / Management & Secretarial Expenses 10,34,44,850 12,77,90,385 {M{H$Ëgm ì`` / Medical Expenses 18,29,24,452 18,32,39,891 ñQ>moa H$sqnJ / Store Keeping 3,84,76,940 4,34,44,974 boIm {d{Y Am¡a boIm narjm / Accounting & Auditing 14,40,48,578 11,57,30,910 àemg{ZH$ H$m`m©b` na ì`` / Expenditure on Administrative Office 11,51,630 11,80,304 Q>o{b\$moZ ì`` / Telephone Expenses 75,18,953 92,25,968 B§Or{Z`ar Am¡a H$m`©embm Cnar IM©/ Engineering & Workshop overheads 1,27,48,985 1,52,82,478 \w$Q>H$a ì`` / Sundry Expenses 93,62,201 2,28,44,655 {d{Y ì`` / Legal expenses 2,60,80,848 2,21,65,940 Ad_yë`Z / Depreciation 5,58,28,119 6,07,01,473 Cn OmoS> / Sub Total 58,15,85,556 60,16,06,978

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 14 SCHEDULE - 14 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` {dÎm Am¡a {d{dY Am` FINANCE AND MISCELLANEOUS INCOME gm_mÝ` {Z{Y {Zdoem| na ã`mO Am` Interest Income on General Fund Investments 6,00,84,678 7,84,26,339 H$_©Mm[a`m| Ho$ A{J«_m| na ã`mO Interest on Staff Advances 11,12,197 32,75,530 ny§Or n[agån{ËV`m| H$s {~H«$s / {ZnQ>mZ na bm^ Profit on Sale / Disposal of Capital Assets 32,74,269 20,45,301 AmñW{JV Am¶ - àmá AZwXmZ Deferred Income - Grants Received 5,66,14,292 6,55,76,681 OãV O_m Forfeited Deposits 7,96,106 10,22,061 H$m_ _| Z AmZodmbo gm_mZ H$s {~H«$s Sale of Unserviceable Material 65,47,236 1,91,65,395 {db§~ ^wJVmZ na ã`mO Interest on Delayed Payments 5,56,293 2,75,56,250 \w$Q>H$a àm{ßV Sundry Receipts 7,11,16,220 6,90,72,082 Cn OmoS> / Sub Total 20,01,01,291 26,61,39,639

31 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

{XZm§H$ 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ Am¡a hm{Z boIm H$s AZwgyMr SCHEDULE TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

Mmby df© 2018-19 {nN>bm df© 2017-18 AZwgyMr - 15 SCHEDULE - 15 CURRENT YEAR PREVIOUS YEAR 2018-19 2017-18 ` ` {dÎm Am¡a {d{dY ì`` FINANCE & MISCELLANEOUS EXPENSES ~¢H$ à^ma Bank Charges 10,42,279 28,88,832 F$Um| na ã`mO Interest on Loans 2,46,97,632 5,56,63,013 godm{Zd¥{Îm bm^ Retirement Benefits 1,10,93,71,361 1,14,60,59,674 AZwJ«hnyd©H$ AXm`Jr (EgdrAmaEg) Ex-Gratia Payments (SVRS) 13,61,527 19,53,87,935 H$_©Mm[a`m| Ho$ nrE\$AmaS>rE _| A§eXmZ Contribution to Employees PFRDA 95,41,949 90,07,794 H$_©Mmar H$ë`mU ì`` Employees Welfare Expenses 9,44,545 7,01,450 AMc n[agån{Îm¶m| Ho$ {ZnQ>mZ na hm{Z Loss on Disposal of Fixed Assets 3,05,227 1,96,653 hm{Z H$mo ~Å>o ImVo ‘| S>mcZm Write off of Losses — 1,06,62,763 godm{Zd¥Îm H$_©Mm[a`m| H$mo A{O©V Nw>Å>r H$m ZH$XrH$aU E.L. Encashment of Retired Employees 4,53,57,957 6,31,70,948 {dcå~ ^wJVmZ na ã`mO Interest on Delayed Payment 58,10,573 2,89,91,813 g§{X½Y F$Um| Ho$ {cE àmdYmZ Provision for Doubtful Debts 30,09,230 — Yr‘r/AMc gån{Îm¶m| Ho$ {cE àmdYmZ Provision for Slow/Non Moving Inventories 7,47,183 — noÝeZ Q´>ñQ> {Z{Y ‘| A§eXmZ Contribution to Pension Trust Fund 22,62,00,000 — J«oÀ¶wQ>r Q´>ñQ> {Z{Y ‘| A§eXmZ Contribution to Gratuity Trust Fund 3,13,48,448 23,03,82,373 BEc ZH$XrH$aU {Z{Y ‘| A§eXmZ Contribution to E.L. Encashment Fund 4,88,83,306 1,70,19,586 {d{dY ì`` Miscellaneous Expenses 14,73,217 22,90,448

Cn OmoS> / Sub Total 1,51,00,94,434 1,76,24,23,282

32 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

H¡$e âcmo 2018-19 CASH FLOW 2018-19 (bmI ` _|) (` in lakhs)

{ddaU / PARTICULARS 2018-19 2017-18 H$. àMmbZ {H«$`mH$bmnm| go H¡$e âbmo A. CASH FLOW FROM OPERATING ACTIVITIES

{Zdb A{Yeof / (hm{Z) NET SURPLUS / (LOSS) (804.68) 220.53

{ZåZ{c{IV Ho$ {cE g_m`moOZ ADJUSTMENTS FOR Ad_yë`Z Depreciation 1,792.70 1,982.38 n[agån{V`m| H$s {~H«$s na bm^/hm{Z ({Zdb) Profit / Loss on Sale of Assets (Net) (29.69) (18.49) AmñW{JV Am¶ Deferred Income (566.14) (655.77) [Zdoe na ã`mO Interest on Investment (600.85) (784.26) G$U na ã`mO Interest on loan 246.98 556.63 àMmbZ ny§Or n[adV©Zm| go nhbo àMmbZ bm^/hm{Z Operating Profit / Loss before Working Capital changes 38.32 1,301.02

àMmbZ ny§Or g_m`moOZ WORKING CAPITAL ADJUSTMENTS gm_mZ gy{M`m§ Inventories 69.57 6.17 \w$Q>H$a coZXma Sundry Debtors (144.24) 296.04 àmoX²^yV ã¶mO/A{J«‘ VWm Zm‘o eof Accrued Interest / Advances & Debit Balances (737.74) 1,022.45 Mmcy Xo¶VmE§ Ed§ àmdYmZ Current Liabilities & Provisions (1,071.11) 3,856.11 Hw$b àMmbZ ny§Or g_m`moOZ Total Working Capital Adjustments (1,883.52) 5,180.77

àMmbZ {H«$`mH$bmnm| go {Zdb H¡$e âbmo Net Cash Flow from Operating Activities (1,845.20) 6,481.79

33 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

H¡$e âcmo 2018-19 CASH FLOW 2018-19 (bmI ` _|) (` in lakhs)

{ddaU / PARTICULARS 2018-19 2017-18 I. {Zdo{eV {H«$`mH$bmnm| go H¡$e âbmo B. CASH FLOW FROM INVESTING ACTIVITIES AMc n[agån{Îm`m| H$s {~H«$s Sale of Fixed Assets 32.74 1,328.02 `moOZm VWm J¡a `moOZmJV ì`` (Mmcy H$m¶m] ‘| ny§OrH¥$V ã¶mO N>moS>H$a) Plan & Non-Plan Expenditure (Excl. Interest Capitalised to WIP) (1,153.28) (5,222.68) ~r‘m/H$ë¶mU/{Zc§~/ZH$XrH$aU/grEgAma {Z{Y Insurance/Welfare/Escrow/Encashment/CSR Funds 698.98 256.85 {Zdoe Investments (4,027.40) (3,770.02) àmá ã¶mO Interest received 686.64 526.71 {Zdo{eV {H«$`mH$bmnm| go Hw$b H¡$e âbmo Total Cash Flow from Investing Activities (3,762.32) (6,881.12)

J. {dÎmr` {H«$`mH$bmnm| go H¡$e âbmo C. CASH FLOW FROM FINANCING ACTIVITIES àmá AZwXmZ 1) Grants Received 6,708.95 2,624.17 {c`m J`m / AXm {H$¶m J¶m F$U 2) Loans Availed/Repaid (500.00) (5,700.00) G$U na ã`mO (Mmcy H$m¶m] ‘| ny§OrJV ã`mO g{hV) 3) Interest on Loans (Incl. Interest Capitalised to WIP) (246.98) (556.63) {dÎmr` {H«$`mH$bmnm| go Hw$b H¡$e âbmo Total Cash Flow from Financing Activities 5,961.97 (3,632.46)

K. ZH$X / {Zdoe (H$ + I + J) D. CASH / INVESTMENT (A+B+C) 354.45 (4,031.79)

L>. ZH$X AWeof E. OPENING BALANCE OF CASH 11,331.38 15,363.17 ZH$X B{Veof CLOSING BALANCE OF CASH 11,685.83 11,331.38 d¥{Õ / (H$_r) INCREASE / (DECREASE) 354.45 (4,031.79)

34 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ coIm 2018-19 / ANNUAL ACCOUNTS 2018-19 bm^ VWm hm{Z boIm na {Q>ßnUr NOTES TO PROFIT & LOSS ACCOUNT

{ZåZ{b{IV _Xm| na {H$`m J`m ì`` AbJ go Xem©`m J`m h¡ A Expenditure incurred on the following items is disclosed separately ^ÊS>ma VWm nwOm] H$s InV 1 Consumption of Stores and Spare Parts 5,72,73,026 5,59,48,212 nmda VWm B§YZ 2 Power and Fuel 13,66,29,129 10,73,60,745 ^dZm| H$s _aå_V VWm {g{dc AZwajU 3 Repairs to Buildings & Civil maintenance 9,87,73,777 8,94,40,640 g§¶§Ì VWm _erZar H$s _aå_V VWm AZwajU 4 Repairs & maintenance of Plant & Machinery 7,90,64,849 5,13,15,764 doVZ, _OXyar VWm ~moZg 5 Salaries, Wages and Bonus 1,36,42,73,083 1,49,52,32,804 {Z{Y`m| _| A§eXmZ nrE\$AmaS>rE 6 Contribution to Funds : a) PFRDA 95,41,949 90,07,794 noÝeZ Q—>ñQ {Z{Y b) Pension Trust Fund 22,62,00,000 — J«oÀ`wQ>r Q—>ñQ> {Z{Y c) Gratuity Trust Fund 3,13,48,448 23,03,82,373 B©Ec ZH$XrH$aU {Z{Y d) EL Encashment Fund 4,88,83,306 1,70,19,586 H$m_Jma VWm H$_©Mmar H$ë`mU ì`` 7 Workmen and Staff Welfare Expenses 42,92,568 47,52,001 ~r_m 8 Insurance 50,37,432 99,96,551 Xa VWm H$a {Og_| Am` na H$a em{_b Zht h¡ 9 Rates and Taxes, excluding Taxes on Income 18,16,693 12,51,476 {d{dY ì`` 10 Miscellaneous Expenses 65,970 3,68,351 {Zdoem|, ì`mnma {Zdoe, AÝ` {Zdoem| go àmá Am` am{e 11 The amount of Income from Investments, 6,00,84,678 7,84,26,339 Trade Investment, Other Investments A{J«_m| na ã`mO XoZo Ho$ \$bñdén àmá AÝ` Am` 12 Other Income by way of Interest on Advances 11,12,197 32,75,530 {d{dY Am` 13 Miscellaneous Income 7,11,16,220 6,90,72,082 _ogg© Jmodm {en`mS>© {b{_Q>oS> go àmá bm^m§e 14 Dividends received from M/s. Goa Shipyard Ltd. 19,36,028 19,24,398

35 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

H«$_ Mmby df© 2018-19 {nN>bm df© 2017-18 CURRENT YEAR PREVIOUS YEAR g§. PARTICULARS Sl. {ddaU / 2018-19 2017-18 No. ` ` boIm narjH$m| H$mo ^wJVmZ H$s JB©/Xo` am{e 15 Amount paid/payable to Auditors boImnarjH$ - grEOr H$mo {H$`m J`m ^wJVmZ a) Payment made for Auditors - CAG 45,00,000 40,00,000 H$amYmZ/à~§Y godmAm| _| gbmhH$ma Ho$ én _| boIm narjH$ H$mo {H$`m J`m ^wJVmZ b) Payment made to Auditor as Adviser in 3,90,000 3,70,000 Taxation/Management Services coIm narjH$ - Am§V[aH$ coIm narjm H$mo {H$¶m J¶m ^wJVmZ c) Payment made to Auditors - Internal Audit 16,00,000 16,00,000

bm^ VWm hm{Z boIm H$mo {ZåZ{b{IV OmZH$mar g{hV {Q>ßnUr Ho$ én _| àñVwV {H$`m OmE B The Profit and Loss account shall contain by way of note the following information. df© Ho$ Xm¡amZ grAmB©E’$ na Am¶mV (nwO}) H$m ‘yë¶ 1 Value of Imports (Spare Parts) on CIF basis during the year — — A§eXmZ Ho$ H$maU {dXoer ‘wÐm ‘| ì¶¶ 2 Expenditure in Foreign Currency on account of Subscriptions — —

Q>ZoO H$m C„oI H$aVo hþE OhmO/Zm¡^ma H$s gåhcmB© Ho$ {cE nÎmZ H$s g§ñWm{nV VWm dmñV{dH$ j_Vm C The Installed and Actual Capacity of the Port to handle Ships/Cargo specifying the Tonnage. g§ñWm{nV j_Vm 1 Installed Capacity 43.75 43.75 gåhbmE JE OhmOm| H$s g§»`m 2 No. of Vessels Handled 521 633 gåhbmB© JB© `mVm`mV (bmI Q>Zm| _|) 3 Traffic Handled (in Lakh Tonnes) 176.82 268.97

nÎmZ H$_©Mm[a`m| H$s g§»`m g§~§Yr {ddaU D Details of Staff Strength at the Port H$_©Mm[a`m| H$s loUr àW_ VWm {ÛVr` (g§»`m _|) 1 Class of Employees – I & II (in nos.) 175 176 H$_©Mm[a`m| H$s loUr – V¥Vr` VWm MVwW© (g§»`m _|) 2 Class of Employees – III & IV (in nos.) 1,437 1,555

BZ na {H$E JE nÎmZ ì`` H$m {ddaU E Details of Port Expenditure incurred thereon H$_©Mm[a`m| H$s loUr – àW_ VWm {ÛVr` (` _|) 1 Class of Employees – I & II (in `) 23,05,99,236 28,94,80,631 H$_©Mm[a`m| H$s loUr – V¥Vr` VWm MVwW© (` _|) 2 Class of Employees – III & IV (in `) 1,13,36,73,847 1,20,57,52,173

36 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 ANNUAL ACCOUNTS 2018-19 _hËdnyU© boImH$aU Zr{V`m§ SIGNIFICANT ACCOUNTING POLICIES

1. boIm AmYma : [anmoQ>m©YrZ {dÎmr` Ad{Y Ho$ {bE Am` VWm ì`` Am¡a {dÎmr` {dda{U`m| H$s VmarI H$mo g§^mì` Xo`VmAm| H$m àmdYmZ H$aZo Ho$ níMmV nÎmZ Ý`mg, Eo{Vhm{gH$ bmJV n[anmQ>r H$mo AnZmVo hþE àmoX²^yV AmYma na AnZm boIm aIVm h¡ Ÿ& 1. BASIS OF ACCOUNTING : The Port Trust maintains its accounts on accrual basis following the historical cost convention after making provisions for income & expenditure for the financial period under report and contingent liabilities as on the date of financial statements.

2. gm_mZ gyMr : gm_mZ - gyMr _| _w»`V`m IwXam ~r_m, {Z_m©U gm_J«r, ^ÊS>ma, CnñH$a, CnH$aU Am{X nwO} em{_b h¡ Am¡a ^m[aV Am¡gVZ cmJV na BZH$s dmñV{dH$ bmJV Ho$ AmYma na _yë`m§H$Z {H$`m OmVm h¡& Yr‘r/AMc gån{Îm Ho$ {cE àmdYmZ {H$¶m J¶m h¡& 2. INVENTORY : The inventory mainly consists of spares including insurance spares, construction materials, stores, tools, equipments etc. and are valued at actual cost on weighted average cost basis. Provision is made in respect of slow / non-moving inventory.

3. _yë`õmg : nÎmZ _yë`õmg Ho$ g§~§Y _| nmoV n[adhZ, g‹S>H$ n[adhZ VWm amO_mJ© (E_EgAmaQ>rEM) _§Ìmb` Ho$ AnZo nÌ g§. nrAma 14019/5/ 2003- nrOr {XZm§H$ 14 _mM© 2005 Ho$ VhV Omar {ZX}em|/{Xem{ZX}em| Ho$ AZwgaU _| n[agån{Îm`m| Ho$ Am{W©H$ Cn`moJH$mb Ho$ AmYma na gac nÕ{V AnZmVm h¡& {dÎmr¶ df© 2017-18 Ho$ Xm¡amZ nÎmZ Zo H§$nZr A{Y{Z¶‘, 2013 H$s AZwgyMr-II Ho$ àmdYmZm| H$mo AnZmVo hþE n[agån{Îm¶m| Ho$ Cn¶moJ- H$mc Ho$ AmYma na _yë`õmg H$m àmdYmZ {H$¶m h¡& df© Ho$ Xm¡amZ Omo‹S>r JB© AMc n[agån{Îm`m| Ho$ _yë`õmg H$s JUZm AZwnmV én go n[agån{Îm`m| H$m Cn`moJ H$aZo H$s VmarI go {H$`m J`m h¡& 3. DEPRECIATION : The Port has been following the straight-line method of depreciation based on the economic life of assets in accordance with the directives/guidelines issued by Ministry of Shipping, Road Transport & Highways (MSRTH) vide their letter no. PR-14019/5/2003- PG dated 14th March 2005. During the financial year 2017-18, the Port has adopted provisions of Schedule II of the Companies Act. 2013 and has accordingly provided depreciation on the basis of useful lives of an asset. In case of fixed assets added during the year, depreciation has been computed proportionately from the date of assets put to use.

4. amOñd {Z`VrH$aU : OhmO gå~Õ, Zm¡^ma gå~Õ VWm aoëdo godmAm| H$m amOñd H$m`© nyam H$aZo na {Z`V {H$`m OmVm h¡& {H$amE ¶mo½¶ gånXm go àmá amOñd H$mo g‘¶ AmYma na {Z`V {H$`m OmVm h¡& amOñd H$mo godmH$a {Zdc Ho$ ê$n _| Am¡a Ny>Q>/àmoËgmhZ am{e {Zdc Ho$ ê$n _| cm^ VWm hm{Z coIm ‘| Xem©¶m J¶m h¡& amOñd dhm± {Z`V hmoVm h¡ Ohm± Am§H$cZ VWm dgwcr Ho$ ‘m‘co ‘| H$moB© A{ZpíMVVm Zht h¡& Am§H$cZ AWdm dgycr Ho$ ‘m‘co ‘| Ohm± A{ZpíMVVm h¡ dhm± amOñd {Z`VrH$aU H$mo V~ VH$ AmñW{JV aIm OmVm h¡ O~ VH$ Eogr A{ZpíMVVm H$mo {ZnQ>m¶m Zht OmVm h¡& OhmO gå~Õ à^mam| H$mo ¶wEgS>r ‘| A§{H$V {H$¶m OmVm h¡ Am¡a OhmO Ho$ AmJ‘Z H$s VmarI H$mo cmJy {d{Z‘¶ Xa na ^maVr¶ ‘wÐm ‘| dgyc {H$¶m OmVm h¡& {Zdoe/O‘m na ã¶mO H$mo g‘¶ AmYma na {Z`V {H$`m OmVm h¡& Zm¡^ma hoVw ^ÊS>maU à^mam| H$mo ñQ>moa {H$E JE Zm¡^ma H$s ‘mÌm Ho$ AZwgma {Z`V {H$`m OmVm h¡& 4. REVENUE RECOGNITION : Revenue on Vessel Related Services, Cargo Related Services and Railway Services are recognized on completion of service. Revenue from rentable estate is recognized on time basis. Revenue is presented net of service tax and is net of rebates/incentives in Profit and Loss Account. Revenue is recognised where there is no uncertainty as to measurement and collectability of consideration. Where there is uncertainty as to measurement or collectability revenue recognition is postponed until such uncertainty is resolved. Vessel Related Charges are denominated in USD and collected in Indian rupees as per the exchange rate on the date of arrival of vessel. Interest on Investments/deposits is recognised on time basis. Storage charges for cargo has been recognised on quantum of cargo stored.

37 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

5. ñWmB© n[agån{Îm`m§ : ñWmB© n[agån{Îm`m| H$mo Ad‘yë¶Z VWm õmg KQ>mVo hþE cmJV ‘| d{U©V {H$¶m h¡& ~hr _| ñWmB© n[agån{Îm`m§, {Z_m©U/AO©Z H$s dmñV{dH$ bmJV, {Og_| ewëH$mo, H$am| VWm n{agån{Îm`m| H$m Ano{jV à`moJ hoVw H$m`© _| bmZo _| bJr àË`j bmJV ^r em{_c h¡, Ho$ AZwgma d{U©V h¡Ÿ& n[a`moOZm H$m`m©Ýd`Z _| hþE amOñd ì¶¶ H$mo Ohm§ VH$ {H$ do n[a`moOZm/n[agån{Îm`m| Ho$ gmW grYo {MpÝhV Z {H$E JE hmo, ñWmB© n[ag§n{Îm`m| H$s cmJV go AbJ aIm J`m h¡Ÿ& df© Ho$ Xm¡amZ {ZnQ>mB© JB© n[agån{Îm`m| H$mo ~hr _| go hQ>m`m J`m h¡& ñWm`r n[agån{Îm`m| H$s {~H«$s/{ZnQ>mZ na àmá bm^/ hm{Z {dÎm d {d{dY Am¶ / ì¶¶ Ho$ AÝVJ©V bm^ VWm hm{Z boIm _| C{„{IV h¡Ÿ& 5. FIXED ASSETS : The Fixed Assets are stated at cost less depreciation and impairments. Fixed Assets in the Books are based on actual cost of construction/acquisition including duties, taxes and direct costs attributable to bring the assets to its working condition for its intended use. The revenue expenses incurred for project implementation unless they are directly identifiable with the projects/assets are excluded from the cost of fixed assets. The assets disposed during the year have been deleted from the Books. The profit/Loss on sale/ disposal of fixed assets are accounted for in the profit and loss account under Finance & Miscellaneous Income/Expenses.

6. {Zdoe : [Zdoe H$mo bmJV na _yë`m§{H$V {H$`m J`m h¡Ÿ& {Zdoe H$mo CgH$s Ad{Y Ho$ AmYma na Mmcy VWm XrK©H$m{cH$ {Zdoe ‘| dJuH¥$V {H$¶m J¶m h¡& 6. INVESTMENTS : Investments are valued at Cost. Investments are classified into Current and Long term Investments based on the periodicity of investment.

7. ^y{_ Ho$ nÅ>o na àr{_`_ : XrK©H$m{cH$ nQ>²Q>mYmar go ^y{_ Ho$ nÅ>o na àmá àr{_`_ H$mo nÅ>m Ad{Y Ho$ Xm¡amZ n[aemo{YV {H$`m J`m h¡ & 7. PREMIUM ON LEASE OF LAND: The premium received on lease of land from long term Lessee has been amortised over the term of lease period.

8. Am¶ H$a : H$a ì¶¶ ‘| Mmcy VWm AmñW{JV H$a em{‘c h¡& Mmcy H$a H$m ‘mnZ ^maVr¶ Am¶H$a A{Y{Z¶‘ Ho$ AZwgaU ‘| H$a àm{YH$mar H$mo ^wJVmZ H$s OmZodmcr am{e Ho$ AZwgma {H$¶m OmVm h¡& AmñW{JV H$am| ‘| df© Ho$ Xm¡amZ H$a ¶mo½¶ Am¶ VWm coIm~Õ Am¶ H$s Mmcy df© H$s g‘¶ {^ÞVm VWm {nN>co dfm] H$s n[adV©Z g‘¶ {^ÞVm H$m à^md X{e©V hmoVm h¡& AmñW{JV H$a H$m ‘mnZ H$a Xa‘mZm| VWm A{Y{Z¶{‘V H$mZyZ AWdm ~mX ‘| VwcZnÌ H$s VmarI H$mo A{Y{Z¶{‘V H$mZyZm| Ho$ AmYma na {H$¶m OmVm h¡& AmñW{JV H$a n[agån{Îm¶m| H$s V^r nhMmZ H$s OmVr h¡ O~ Bg ~mV H$s VH©$g§JV [Z{íMVVm h¡ {H$ ^{dî¶ ‘| n¶m©á H$a ¶mo½¶ Am¶ àmá hmoJr {OgHo$ ‘Ôo Eogo AmñW{JV H$a n[agån{Îm¶m| H$s àm{á H$s Om gHo$& Eogr pñW{V ‘| O~ nÎmZ Ý¶mg ‘| Ag‘§{OV Ad‘yë¶Z ¶m AJ«oZrV H$a hm{Z h¡ Vmo AmñW{JV H$a n[agån{Îm¶m| H$s nhMmZ V^r hmoJr O~ {dídgZr¶ g~yV Ho$ AmYma na n³H$m {dídmg hmo OmE {H$ Cgo AJco H$a ¶mo½¶ cm^ go àmá {H$¶m Om gHo$Jm& AmñW{JV H$a n[agån{Îm H$r àË¶oH$ VwcZnÌ VmarI H$mo g_rjm H$s OmVr h¡& 8. TAXES ON INCOME: Tax expense comprises of current and deferred tax. Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the Indian Income Tax Act. Deferred taxes reflect the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the Balance Sheet date. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Port Trust has unabsorbed depreciation or carry forward tax losses, deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits. Deferred Tax assets are reviewed at each Balance Sheet date.

9. ghm`H$ AZwXmZ : AMc n[agån{Îm`m| go g§~§{YV àmá AZwXmZ H$mo, Hw$c cmJV ‘| Xem©¶m J¶m h¡ Am¡a AZwXmZ H$mo AMc n[agån{Îm Ho$ Cn¶moJ H$mc H$s VwcZm ‘| Am¶ Ho$ ê$n ‘| {Z¶V {H$¶m J¶m h¡& àmá AZwXmZ H$mo Mmcy Xo`VmAm| Ho$ VhV VwcZ nÌ _| àñVwV {H$`m J`m h¡& 9. GRANT IN AID : Grant received against fixed assets are shown at gross cost and grant is recognized as income over the useful life of the fixed asset. Grant received is presented in Balance Sheet under current liabilities.

J J J

38 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

dm{f©H$ boIm 2018-19 ANNUAL ACCOUNTS 2018-19

{X. 31 _mM© 2019 H$mo g_má df© Ho$ VwbZ-nÌ VWm {X. 31 _mM©, 2019 H$mo g_má df© Ho$ {bE bm^ VWm hm{Z boIm Ho$ ^mJ Ho$ én _| {Q>ßn{U`m§ NOTES FORMING PART OF BALANCE SHEET AS ON 31ST MARCH, 2019 AND THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019.

{XZm§H$ 31 _mM©, 2019 H$mo g_má {dÎmr` df© Ho$ {bE nÎmZ Ho$ boIm {ddaU VWm VwbZ-nÌ H$s à_wI {deofVmE§ {ZåZdV h¡ :- The salient features of the Statement of Accounts and Balance Sheet of the Port for the financial year ended 31st March 2019 are as under:-

1. nÎmZ Ý`mgm| _| g§emo{YV _mZH$ boIm _mZXÊS>m| Ho$ H$m`m©Ýd`Z hoVw {dÎmr` {ddaU H$mo nÌ g§. nrAma-20021/2/98-nrOr {XZm§H$ 06-11-2002 Ho$ VhV nmoV n[adhZ _§Ìmb`, ^maV gaH$ma Ho$ AmXoem| Ho$ AmYma na V¡`ma {H$`m J`m h¡Ÿ& 1. The financial statements have been prepared based on the order of the Ministry of Shipping, Govt. of India vide letter no. PR-20021/2/ 98-PG dated 6-11-2002 for implementation of the revised Standard Norms of Account for Port Trusts.

2. {dÎmr` {ZînmXZ : df© 2018-19 Ho$ Xm¡amZ nÎmZ Zo 17.68 {‘{b¶Z Q>Z CËnmXZ àmá {H$¶m O~ {H$ {nN>bo df© 2017-18 Ho$ Xm¡amZ 26.90 {‘{b¶Z Q>Z àmá {H$¶m J¶m Wm& {Oggo {H$ {nN>bo df© ‘| gåhbmE§ JE ¶mVm¶mV go 34.26% H$s H$‘r hþB©& ¶mVm¶mV ‘| ¶h H$‘r ‘w»¶V¶m ` cm¡h A¶ñH$ ¶mVm¶mV na ~§Xr VWm Jmodm amÁ¶ àXÿfU {Z¶§ÌU ‘§S>c (OrEgnrgr~r) Zo KmQ> g§. 6 d 7 na H$mo¶co H$s gåhcmB© na cJmE JE à{V~§Y Ho$ H$maU hþB© h¡& n[aMmbZ Am¶ {nN>bo df© Ho$ 425.67 H$amoS> énE go KQ>H$a df© 2018-19 ‘| 382.68 H$amoS> énE hþB©& df© 2018-19 Ho$ Xm¡amZ n[aMmbZ ì¶¶ 259.73 H$amoS> énE h¡ O~{H$ {nN>bo df© Ho$ Xm¡amZ ¶h 273.84 H$amoS> énE Wm& df© 2018-19 Ho$ Xm¡amZ n[aMmbZ A{Yeof 122.95 H$amoS> énE h¡ O~{H$ {nN>co df© 2017-18 ‘| ¶h 151.83 H$amoS> énE Wm& df© 2018-19 Ho$ {bE H$a go nyd© {Zdb A{Yeof 8.05 H$amo‹S> énE h¡ O~{H$ df© 2017-18 ‘| ¶h 2.21 H$amo‹S> énE Wm& 2. FINANCIAL PERFORMANCE : During the year 2018-19, the Port achieved a throughput of 17.68 Million Tonnes as compared to 26.90 Million Tonnes during the year 2017-18, a decrease of 34.26% over the traffic handled in the previous year. The decrease in traffic is due to ban on iron ore traffic & limit imposed by Goa State Pollution Control Board (GSPCB) on handling of Coal at Berth No. 6 & 7. The Operating Income for the year 2018-19 decreased to ` 382.68 crores from ` 425.67 crores for the previous year. The Operating Expenditure is ` 259.73 crores during 2018-19 as compared to ` 273.84 crores during the previous year. The Operating Surplus during the year 2018-19 is ` 122.95 crores as compared to ` 151.83 crores of the previous year. The Net Deficit before tax for the year 2018- 19 is ` 8.05 crores as compared to Net Surplus of ` 2.21 crores in 2017-18.

2018-19 2017-18 1) n[aMmbZ AZwnmV (%) Operating Ratio (%) 67.87 64.33 2) {Z`mo{OV ny§Or na à{Vbm^ (%) Return on Capital Employed (%) 27.90 33.36 3) à{V Q>Z n[aMmcZ Am` (ê$nE) Operating Income per Tonne (`) 216.42 158.26 4) à{V Q>Z n[aMmcZ ì`` (ê$nE) Operating Expenditure per Tonne (`) 146.89 101.81 3. H$a Ho$ {cE àmdYmZ … Am`H$a {d^mJ Zo {dÎmr` df© 2015-16 VH$ _yë`m§H$Z nyam {H$`m h¡& 3. PROVISION FOR TAX : Assessment upto financial year 2015-16 has been completed by the Income Tax Department.

39 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

I. df© g‘m{á VH$ AmñW{JV H$a {ZåZdV h¡ … B - The Deferred Tax at the year end is as below : 31 _mM©, 2019 31 _mM©, 2018 31st March, 2019 31st March, 2018 AmñW{JV H$a H$s à_wI _X| `` Principal Items of Deferred Tax AmñW{JV H$a AmñW{JV H$a AmñW{JV H$a AmñW{JV H$a n[agån{Îm Xo`Vm n[agån{Îm Xo`Vm Deferred Tax Deferred Tax Deferred Tax Deferred Tax Asset Liability Asset Liability ^wJVmZ df© _o Ymam 43 ~r Ho$ VhV AZw_V gm§{d{YH$ Xo`VmE§ Statutory Liabilities u/s. 43B allowable in the year of Payment 1,12,94,081 1,02,73,682 Ad_yë`Z / Depreciation 44,48,49,064 34,77,35,449 H$_©Mmar cm^ / Employee Benefit 3,25,84,78,458 3,01,26,26,996 A{ZpíMV Xo¶VmAm| Ho$ {cE àmdYmZ / Provision for uncrystallised liabilities 13,12,641 — Ag_mdo{eV Ad_yë`Z / Unabsorbed Depreciation 24,36,98,425 15,99,96,980 ì`dgm` hm{Z / Business Loss 21,99,76,323 18,65,46,215 Hw$b / TOTAL 3,73,47,59,928 44,48,49,064 3,36,94,43,873 34,77,35,449 {Zdb AmñW{JV H$a n[agån{Îm / Xo`Vm Net Deferred Tax Asset / Liability 3,28,99,10,864 3,02,17,08,424 VXZwgma {Zdc AmñW{JV H$a Xo`Vm _| ` 26,82,02,440/- A§Va am{e H$mo {dÎmr` df© Ho$ Xm¡amZ AmñW{JV H$a O‘m Ho$ én _| nhMmZm J`m h¡& Accordingly the difference in the net deferred tax asset of ` 26,82,02,440/- has been recognized as deferred tax credits during the financial year. 4. AmH$pñ‘H$ Xo¶VmE§ : 4. CONTINGENT LIABILITIES : i) ~¢H$ JmapÊQ>¶m§ … nÎmZ Zo O‘mZVr O‘m Ho$ én ‘| gaH$mar EOopÝg¶m| H$mo H$B© ~¢H$ JmaÊQ>r Omar H$s h¡& {XZm§H$> 31 ‘mM© 2019 H$mo ~H$m¶m ~¢H$ JmaÊQ>r H$m Hw$c ‘yë¶ ` 1.15 H$amo‹S> énE hmoVm h¡& i) Bank Guarantees: Port has issued several Bank Guarantees to Govt. Agencies, which are in the nature of Security Deposits. The total value of BG's outstanding on 31st March 2019 is amounting to ` 1.15 crores. ii) nÎmZ Ûmam {ZU©¶ VWm ñdrH$ma {H$E JE Ý¶m¶mc¶rZ ‘m‘cm| H$mo hr coIm ‘| em{‘c {H$¶m OmVm h¡& AÝ¶ ‘m‘cm| H$s ~mÜ`Vm H$m nVm Z hmoZo Ho$ H$maU ~hr ‘| H$moB© àmdYmZ Zht {H$¶m J¶m h¡& ii) Only Court cases which are decided and accepted by the Port are provided for in accounts. Obligations of other cases are not known, hence no provisions are made in the books. iii) d[a. {S>dr. dmñH$mo Ý`m`mc` Zo _ogg© XodM§X H§$ñQ´>ŠeÝg Omo Q>r-4 eoS> Ho$ àr-ñQ´>oñS> H$m§{H«$Q> Q´>grg Ho$ àmoQ>oŠQ>rd nopÝQ>¨J H$m`© H$m g§{dXmH$ma h¡, H$mo ã`mO g{hV ` 17,28,967/- H$s aH$_ AXm H$aZo H$m AmXoe {X`m h¡& nÎmZ Zo AmXoe Ho$ {Icm\$ Cƒ Ý`m`mc` _| Xmdm {H$`m h¡& AmXoe Ho$ AZwgma Ý`m`mc` _| ` 29.17 cmI énE H$s aH$_ O_m H$s JB© h¡& iii) Sr. Div. Vasco Court has ordered to pay an amount of ` 17,28,967/- with interest to M/s. Devchand Constructions, who were the contractors for the work of Protective painting to pre-stressed concrete trusses of T-4 Shed. The Port has challenged the order in High Court. As per Order an amount of ` 29.17 lakhs, has been deposited with High Court. iv) ‘Ü¶ñWVm - ‘ogg© gmD$WdoñQ> nmoQ>© {c{‘. Ûmam {en {J¶am| Ho$ Cn¶moJ VWm {XZm§H$ 08-11-2014 Ho$ n§MmQ> H$mo A{^I§{S>V VWm AnmñV H$aZo Ho$ g§~§Y ‘| EgS>ãë¶ynrEc Zo grEMEcS>r CJmhr Ho$ ^wJVmZ na {ddmX {H$¶m h¡& cmBg|g H$ama Ho$ AZwgma ‘m‘cm ‘Ü¶ñW H$mo g§X{^©V {H$¶m J¶m& ‘Ü¶ñW Zo EgS>ãë¶ynrEc Ho$ nj ‘| {ZU©¶ {X¶m& nÎmZ Zo ‘Ü¶ñW Ho$ AmXoe Ho$ {déÕ Anrc H$s h¡& Ý¶m¶mc¶rZ AmXoe Ho$ AZwgma 6.08 H$amo‹S> én¶o H$s am{e àYmZ {Ocm d gÌ Ý¶m¶mc¶ X{jU Jmodm ‘| O‘m H$s h¡&

40 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

iv) Arbitration - Regarding use of ship gears by M/s. South West Port Ltd and to quash & set aside the award dated 08-11-2014:- SWPL disputed payment of CHLD levy. The matter was referred to an Arbitrator as per the license agreement. The Arbitrator has given decision in favour of SWPL. Port has appealed against the order of Arbitrator. As per the order of the Court an amount of ` 6.08 crores has been deposited with Principal District & Session Court, South Goa. v) E‘nrQ>r Zo joÌr¶ {ZXoeH$ B©EgAmB©gr Ûmam nm[aV AmXoe Ho$ {Icm’$ H$‘©Mmar ~r‘m Ý¶m¶mc¶, X{jU Jmodm Ho$ g‘j ‘m‘cm Xm¶a {H$¶m h¡ {Og‘| B©EgAmB©gr Zo nÎmZ H$mo {ZXoe {X¶m h¡ {H$ B©EgAmB© A§eXmZ Ho$ ‘Ôo 60.52 cmI énE O‘m {H$E OmE& nÎmZ Zo 50% BEgAmB© A§eXmZ Ho$ ê$n ‘| 30 cmI énE O‘m {H$E h¡& v) MPT has filed a case before Employees Insurance Court, South Goa, Margao, against the order passed by Regional Director, ESIC directing the Port to deposit ` 60.52 lakhs towards contribution of ESI, Port has deposited ` 30 lakhs being 50% of ESI contribution claimed.

4A. df© Ho$ Xm¡amZ {ZnQ>mB© JB© ‘Ü¶ñWVm 4A. ARBITRATIONS SETTLED DURING THE YEAR: i) ‘Ü¶ñWVm … ‘wå~B© ‘| nÎmZ ì¶mnma àmoÞ{V H|$ÝÐ gh A{V{W J¥h H$m {Z‘m©U& ‘wå~B© ‘| nÎmZ ì¶mnma àmoÞ{V Ho$ÝÐ gh A{V{W J¥h Ho$ {Z‘m©U H$m H$m¶m©Xoe 70.40 cmI énE H$s àm¸${cV {Z‘m©U cmJV na ‘ogg© Egmo{gEQ>oS> H§$ñQ´>³eÝg, ‘wå~B© H$mo gm¢nm J¶m Wm& H$m¶© g‘m{á na nmQ>u Zo 98.96 cmI én¶o H$m {~c àñVwV {H$¶m {Og‘| go nÎmZ Zo 71.55 cmI énE H$s A§{V‘ g‘m{á am{e H$m ^wJVmZ {H$¶m& nmQ>u Zo 98.96 cmI énE Ho$ AnZo Xmdo Ho$ {cE ‘Ü¶ñWVm Ymam Xm¶a H$s& {XZm§H$ 24-09-2004 H$m ‘Ü¶ñWVm n§MmQ> ‘wå~B© Cƒ Ý¶m¶mc¶ Zo AnmñV {H$¶m& nmQ>u Zo {XZm§H$ 29-07-2010 H$mo ‘w§~B© Cƒ Ý¶m¶mc¶ ‘| nwZ… ‘Ü¶ñWVm AmdoXZ Xm¶a {H$¶m& {OgH$s H$m¶©dmhr {XZm§H$ 10-12-2018 H$mo g‘má hþB©& ‘Ü¶ñWVm n§MmQ> Ho$ AZwgma nÎmZ H$mo 71,040/- Ho$ ã¶mO g{hV 2.79 cmI énE AXm H$aZo h¡& i) Arbitration - Construction of Trade Promotion Centre Cum Guest House of the Port at Mumbai. The work order for construction of Trade Promotion Centre Cum Guest House of the Port at Mumbai was tendered to M/s. Associated Constructions, Mumbai at an estimated cost of construction of ` 70.40 lakhs. On completion the party submitted a bill of ` 98.96 lakhs, out of which the Port paid the final completion amount of ` 71.55 lakhs. The party invoked the arbitration clause for their claim of ` 98.96 lakhs. The arbitration award dated 24-09-2004 was set aside by the Mumbai High Court. The party filed a re-arbitration application in the Mumbai High Court on 29-07-2010 which concluded on 10-12-2018. As per arbitration award, the port had to pay ` 2.79 lakhs along with interest of ` 71,040/-. 5. gm_mÝ` ~r_m {Z{Y : nÎmZ Zo gm_mÝ` ~r_m {Z{Y H$m g¥OZ {H$`m h¡ Š`m|{H$ dh Eogr n[agån{Îm`m|, O¡go {H$ dmhZ, VWm AÝ¶ ^dZ, g§aMZm Zm°Z {H«$Q>rH$c n[agån{Îm Am{X Ho$ {gdm` AnZr n[agån{Îm`m| H$mo AbJ go ~r_mH¥$V Zht H$aVm h¡Ÿ& Bg {Z{Y H$m à`moOZ `h h¡ {H$ Eogr à_wI n[agån{Îm`m| H$mo hmoZodmbr AmH$pñ_H$ hm{Z {Oggo Eogo n[agån{Îm`m| H$s nyU©/^mar hmZr hmoVr h¡, H$s ny{V© H$s Om gHo$ {OÝh | à{VñWm{nV H$aZm hmo VWm n[agån{Îm`m| H$mo _yb pñW{V _| ~ZmE aIZo Ho$ {bE ^mar _aå_V ì`` H$aZm nS>oŸ& XwK©Q>ZmAm| Ho$ H$maU hmoZodmbr _aå_V Ho$ AÝ` ì``m| H$mo ^r amOñd _| à^m[aV {H$`m OmVm h¡Ÿ& nÎmZ gån{Îm`m| H$mo hmoZodmbr hm{Z`m| H$s dgybr nÎmZ à`moŠVmAm| go H$s OmVr h¡Ÿ& g§M¶r KmQ>o H$s [ñW{V Ho$ H$maU df© 2018-19 Ho$ Xm¡amZ Bg {Z{Y go H$moB© A§eXmZ Zht {H$`m J`m& {Zdoe na àmá ã`mO H$mo {Z{Y _| O_m {H$`m J`m& {X. 31-03-2019 VH$ gm_mÝ` ~r_m {Z{Y eof 15.41 H$amo‹S> énE h¡& 5. GENERAL INSURANCE FUND : The Port has created General Insurance Fund since it does not separately insure its Assets except a few such as vehicles and other buildings, structures etc (non critical assets). The purpose of the fund is to cater to significant accidental losses relating to major Assets, which lead to total / substantial damage to such Assets, requiring replacement and heavy repair expenditure to restore the Assets to their original condition. Other expenses on repairs, even if due to accidents, are charged to Revenue. The damages to the Port properties are recovered from the Port users. No contribution was made to this fund for the year 2018-19 due to accumulated deficit position. Interest received on the investment is credited to the fund. The General Insurance Fund balance as on 31-3-2019 is ` 15.41 crores.

6. godm {Zd¥{Îm cm^: 6. RETIREMENT BENEFITS : H$) noÝeZ Q´>ñQ> {Z{Y … noÝeZ Xo¶Vm H$m ~r‘m§H$Z ‘yë¶m§H$Z {X. 31-03-2019 VH$ {ZåZdV h¡… A) PENSION TRUST FUND : The actuarial liability on account of Pension Fund as on 31-03-2019 was as under: ‘m¡OyXm H$‘©Mmar Existing Employees ` 401.74 Crores noÝeZ ^moJr VWm n[adma noÝeZ ^moJr Pensioners & Family Pensioners ` 1,183.62 Crores Hw$c Total ` 1,585.36 Crores

41 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

df© 2018-19 Ho$ Xm¡amZ noÝeZ Q´>ñQ> {Z{Y ‘| 22.62 H$amo‹S> énE H$m A§eXmZ {H$¶m J¶m& Am¡a {dÎm d {d{dY ì¶¶ Ho$ VhV cm^ VWm hm{Z coIm ‘| à^m[aV {H$¶m J¶m& 90.80 H$amo‹S> énE H$s ~r‘m§H$Z hm{Z H$mo AgmYmaU hm{Z Ho$ ê$n ‘| Xem©¶m J¶m h¡& {Zdoe ‘| 806.98 H$amo‹S> énE H$s H$‘r h¡& An amount of ` 22.62 crores has been contributed to Pension Trust Fund and charged to the Profit & Loss accounts under Finance and Miscellaneous expenditure during the year 2018-19. The Actuarial loss of ` 90.80 crores has been shown as Extra Ordinary loss. The shortfall in investment is ` 806.98 crores. I) J«oÀ¶wQ>r Q´>ñQ> {Z{Y … J«oÀ¶wQ>r Xo¶Vm H$m ~r‘m§H$Z ‘yë¶m§H$Z {X. 31-03-2019 VH$ 94.22 H$amoS> énE h¡& df© Ho$ Xm¡amZ nÎmZ Zo 3.13 H$amo‹S> én¶m| H$o A§eXmZ H$m àmdYmZ {H$¶m h¡& na§Vw H°$e âcmo ‘| V§Jr Ho$ H$maU Bg {Z{Y _| g_Vwë` {Zdoe Zht {H$`m J`m& {Zdoe ‘| 47.45 H$amo‹S> énE H$s H$‘r h¡& B) GRATUITY TRUST FUND : The actuarial valuation of Gratuity liability is ` 94.22 crores as on 31-03-2019. During the year Port has made a provision of ` 3.13 crores towards contribution. However, due to stressed cash flow, equivalent investments have not been made towards this Fund. The shortfall in investment is ` 47.45 crores. J) Nw>Å>r ZH$XrH$aU {Z{Y … df© 2018-19 Ho$ {cE H$‘©Mm[a¶m| Ho$ A{O©V Nw>Å>r ZH$XrH$aU Ho$ ‘Ôo 4.89 H$amo‹S> énE H$m A§eXmZ {H$¶m J¶m& {XZm§H$ 31 ‘mM© 2019 VH$ {Z{Y eof 64.73 H$amo‹S> én`o h¡& {Zdoe ‘| 47.42 H$amo‹S> énE H$s H$‘r h¡& C) LEAVE ENCASHMENT FUND : An amount of ` 4.89 crores has been contributed towards earned leave encashment fund of employees for the year 2018-19. The fund balance as on 31st March, 2019 is ` 64.73 crores. The shortfall in investment is ` 47.42 crores.

7. H$mnm}aoQ> gmo{e`c [añnmopÝg{~crQ>r … nÌ g§. nrS>r-25021/10/2011-nrS>r.II, {XZm§H$ 02-12-2011 Ho$ VhV gaH$ma Ûmam Omar {Xem- {ZX}em| Ho$ AZwgaU _| H$mnm}aoQ> gmo{e`c [añnmopÝg{~{cQ>r {Z{Y H$m g¥OZ {H$`m J`m Am¡a df© 2011-12 Ho$ Xm¡amZ 1.65 H$amoS> én`m| H$m A§eXmZ {H$`m J`m& eof {Z{Y, {dÎmr¶ df© 2017-18 VH$ nyU©V¶m grEgAma {H«$`mH$cmnm| na ì¶¶ H$s JB©& {nN>co df© nÎmZ H$s KmQ>o H$s {dÎmr` pñW{V Ho$ H$maU df© 2018-19 Ho$ Xm¡amZ grEgAma {Z{Y _| H$moB© A§eXmZ Zht {H$`m J`m& {X.31-03-2019 VH$ {Z{Y eof eyÝ¶ h¡& 7. CORPORATE SOCIAL RESPONSIBILITY FUND: In pursuance of Govt. guidelines issued vide letter No.PD-25021/10/2011-PD.II, dated 02-12-2011, the Corporate Social Responsibility Fund was created in accordance with the Guidelines and ` 1.65 crores was contributed during the year 2011-12. The fund balance has been fully utilized for CSR activities by the financial year 2017-18. No contribution to CSR Fund was made during the year 2018-19 on account of deficit position of the Port in the previous year. As a result, the fund balance as on 31-03-2019 is NIL.

8. ^{dî` {Z{Y na ã`mO : df© 2018-19 VWm 2017-18 Ho$ Xm¡amZ ^{dî` {Z{Y Ho$ A§eXmVmAm| H$mo ~H$m`m aH$_ na Kmo{fV ã`mO H$s Xa {ZåZdV h¡Ÿ: 8. INTEREST ON PROVIDENT FUND : The rate of interest declared on the outstanding balance to the subscribers of Provident Fund during the years 2018-19 and 2017-18 are given hereunder: df© / Year ã`mO Xa / Rate of Interest 2018-19 8.00% 2017-18 8.00%

9. gm§{d{YH$ àma{jVm| _| A§eXmZ : nÎmZ H$mo {Z¶mo{OV ny§Or H$m Ý¶yZV‘ 3% am{e Xmo gm§{d{YH$ àma{jVm| ‘| A§V[aV H$aZr hmoVr h¡& {H$ÝVw nÎmZ H$s g§M¶r KmQ>o H$s {dÎmr` pñW{V Ho$ H$maU 2018-19 Ho$ {cE BZ àma{jVm| _| H$moB© am{e g_m`mo[OV Zht H$s JB© h¡& n[aUm_V`m {X. 31-03-2019 VH$ {Z{Y eof eyÝ` h¡& 9. CONTRIBUTION TO STATUTORY RESERVES : The Port has to transfer minimum 3% of Capital employed to two Statutory Reserves. However, due to accumulated deficit financial position of the Port, no amount has been appropriated towards these Reserves for the year 2018-19. As a result, funds balance as on 31-03-2019 is nil.

10. noÝeZ Q´>ñQ> {Z{Y VWm J«oÀ¶wQ>r Q´>ñQ> {Z{Y Ho$ g§~§Y ‘| df© 2018-19 Ho$ {cE àm[á VWm ^wJVmZ coIm, Am` VWm ì`` coIm Am¡a VwcZnÌ H$mo dm{f©H$ coImAm| _| em{_c {H$`m J`m h¡& 10. The Receipt & Payment Account, Income & Expenditure Account and Balance Sheet for the year 2018-19 in respect of Pension Trust Fund and Gratuity Trust Fund have been incorporated in the Annual Accounts.

42 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

11. ¶moOZmJV VWm J¡a ¶moOZmJV ¶moOZmE± … df© 2018-19 Ho$ Xm¡amZ nÎmZ Zo ¶moOZmJV/J¡a ¶moOZmJV ¶moOZmAm| Ho$ {ZînmXZ hoVw 11.53 H$amoS> énE H$m {Zdoe {H$¶m h¡& ny§OrJV (¶moOZmJV VWm J¡a ¶moOZmJV) coIm ‘| {Zînm{XV {H$E OmZo hoVw eof g§{dXm H$s àm³H$m{cV cmJV 1.41 H$amoS> énE h¡& 11. PLAN & NON-PLAN SCHEMES : The Port has spent an amount of ` 11.53 crores for execution of Plan / Non Plan schemes during the year 2018-19. The estimated amount of contract remaining to be executed on Capital (Plan & Non Plan) account amounts to ` 1.41 crores.

12. {d{dY Zm_o eof _| 39,74 H$amo‹S>> énE em{_b h¡, Omo nÎmZ Zo df© Ho$ Xm¡amZ Mma _mJu` gS>H$ Ho$ {Z_m©U hoVw AnZo {hñgo Ho$ én _| E‘nrAmagrEc H$mo AXm {H$EŸ& _waJm§d nÎmZ _mJ© H§$nZr {c{_. _waJm§d nÎmZ Ý`mg Am¡a ZoeZc hm`do Am°Wmo[aQ>r Am°\$ B§{S>`m H$m Egnrdr h¡& df© Ho$ Xm¡amZ E‘nrAmagrEc Zo nÎmZ Ho$ nj ‘| 35.00 H$amo‹S> énE Ho$ B³drQ>r eo¶g© Omar {H$E h¡& 12. The Miscellaneous debit balance includes an amount of ` 39.74 crores paid by the Port during the year as its share to the MPRCL for construction of four lane road. Mormugao Port Road Co. Ltd. is a SPV of Mormugao Port Trust and National Highway Authority of India. During the year MPRCL has issued equity shares amounting to ` 35.00 crores in favour of the Port.

13. S>rE‘Or go àmß¶ ^ÊS>maU à^mam| na amOñd … nÎmZ go Zm¡^ma H$mo {X. 05-10-2012 go Imbr {H$E OmZo VH$ bm¡h A¶ñH$ Ho$ ^ÊS>maU à^mam| hoVw ‘mZZr¶ gdm}ƒ Ý¶m¶mb¶ Ho$ AmXoe Ho$ AZwgma S>m¶ao³Q>a Am°’$ ‘mB©Ýg EÊS> {OAmobm°Or, Jmodm gaH$ma go 22.77 H$amoS> én¶o Ho$ Xmdo Ho$ ‘Ôo 10.91 H$amoS> én¶o àmá hþE Omo {H$ nÎmZ go g§nyU© Zm¡^ma Imbr {H$E OmZo CnamÝV g§emoYZ Ho$ AYrZ h¡ & My§{H$ S>m¶ao³Q>a Am°’$ ‘mB©Ýg EÊS> {O¶mobm°Or Zo Hw$N> Xmdm| H$m {ZnQ>mZ {H$¶m h¡, AV… àm{á AmYma na boIm ‘| Am¶ H$s nhMmZ H$s JB© h¡ & 13. Revenue on Storage Charges receivable from DMG: As per the order of Hon’ble Supreme Court for payment of charges on storage of iron ore from 05-10-2012 till evacuation of cargo from Port, an amount of ` 10.91 crores was received from the Director of Mines & Geology, Govt. of Goa as against the claim of ` 22.77 crores, which is subject to revision after evacuation of entire cargo from the Port. As the Director of Mines & Geology has disputed certain claims, the income is recognised in accounts on receipts basis.

14. gaH$ma go AZwXmZ… 14. GRANTS FROM GOVERNMENT: i) Mma ‘mJu¶ H$Zop³Q>{dQ>r gS>H$ :- nmoV n[adhZ ‘§Ìmb¶ Zo AnZo nÌ g§. 16(11)/2014 nrS>r-VII {X. 17 ‘B© 2018 Ho$ VhV E‘nrQ>r ‘| Mma ‘mJu¶ H$Zop³Q>{dQ>r gS>H$ H$m¶© Ho$ {cE ^maV gaH$ma Ho$ eo¶a Ho$ én ‘| 35 H$amoS> énE VWm 4.74 H$amo‹S> énE H$m AZwXmZ Omar {H$¶m h¡& i) 4-Lane Port Connectivity Road: The Ministry of Shipping vide its letter no. 16(11)/2014-PD-VII, dated 17th May, 2018 has released a grant of ` 35 crores and ` 4.74 crores as Govt. of India share towards 4-Lane Port connectivity Road works at MPT. ii) ñdÀN>Vm H$ma©dmB© ¶moOZm Ho$ VhV nÎmZ H$mo ghm¶Vm … ‘§Ìmc¶ Zo AnZo nÌ g§. 21013/1/2018-nrS>r.VII, {XZm§H$ 11 OyZ, 2018 Ho$ VhV ñdÀN>Vm H$ma©dmB© ¶moOZm Ho$ AÝVJ©V ghm¶Vm Ho$ ê$n ‘| nÎmZ H$mo 2.00 H$amo‹S> énE H$m AZwXmZ Omar {H$¶m h¡& {dÎmr¶ df© 2018-19 Ho$ Xm¡amZ ñdÀN>Vm H$ma©dmB© ¶moOZm Ho$ AÝVJ©V nÎmZ Zo gånyU© am{e H$m Cn¶moJ {H$¶m h¡& ii) Assistance to Port under Swachchta Action Plan: The Ministry vide letter no: 21013/1/2018-PD.VII, dated 11thJune, 2018 has released a grant of ` 2.00 crores as anassistance to the Port under Swachchta Action Plan. The port had utilized the entire amount of grant under the Swachchta Action Plan during the financial year 2018-19. iii) H«y$O KmQ> Ho$ OcjoÌ Ho$ 2 ‘y[a¨J S>mpë’$Zm| H$mo hQ>mZm … nmoV n[adhZ ‘§Ìmc¶ Zo AnZo nÌ g§. EgE‘-25022/58/2018-EgE‘ {XZm§H$ 25-02-2019 Ho$ VhV, nmoV n[adhZ ‘§Ìmc¶ Ho$ gmJa‘mcm H$m¶©H«$‘ Ho$ A§VJ©V H«y$O KmQ> Ho$ OcjoÌ Ho$ 2 ‘y[a¨J S>mpë’$Zm| H$mo hQ>mZo Ho$ {cE 3.47 H$amo‹S> énE H$m AZwXmZ Omar {H$¶m h¡& iii) Removal of 2 nos. Mooring Dolphins in the water areas of Cruise Berth: The Ministry of Shipping vide its letter no. SM-25022/ 58/2018-SM, dated 25th February, 2019 has released a grant of ` 3.47 crores for removal of 2 nos. Mooring Dolphins in the water areas of cruise berth under SAGARMALA Programme of the Ministry of Shipping. iv) Zm¡^ma g§McZ H$s AmgmZr Ho$ {cE gHw©$coeZ amoS> VWm àdoe/{ZJ©‘ Am°{’$gAm°{’$g H$mH$m {dH$mg{dH$mg …… nmoV n[adhZ ‘§Ìmc¶ Zo AnZo nÌ g§. EgE‘- 25022/04/2017-EgE_ {XZm§H$ 20-09-2018 VWm {XZm§H$ 31-10-2018 Ho$ VhV, nmoV n[adhZ ‘§Ìmc¶ Ho$ gmJa‘mcm H$m¶©H«$‘ Ho$ A§VJ©V KmQ> g§. 11 Ho$ ^rVa Mma-‘mJu¶ H$Zop³Q>drQ>r âcmB©Amoda H$s c¢qS>J na Zm¡^ma g§McZ H$s AmgmZr hoVw gHw©$coeZ amoS> VWm àdoe/ {ZJ©‘ Am°{’$g Ho$ {dH$mg Ho$ {cE Hw$c 15.30 H$amo‹S> énE H$m AZwXmZ Omar {H$¶m h¡& iv) Development of Circulation Road and Entry/Exit offices for ease of cargo movement: The Ministry of Shipping vide its letter no. SM-25022/04/2017-SM dated 20th September, 2018 and 31st October, 2018 has released a total grant of ` 15.30 crores for development of Circulation Road and Entry/Exit offices for ease of cargo movement on landing of four lane connectivity flyover inside Berth No.11 under SAGARMALA Programme of the Ministry of Shipping.

43 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

v) B{‘J«oeZ gw{dYm¶m| ‘| gwYma H$aZo VWm ‘m¡OyXm H«y$O KmQ> H$mo Jham ~ZmZo Ho$ {cE ghm¶Vm : nmoV n[adhZ ‘§Ìmc¶ Zo AnZo nÌ g§. 5(3)/18-AmB©S>rS>r {XZm§H$ 24-08-2018 Ho$ VhV, ""n¶©Q>Z Adg§aMZm {dH$mg hoVw Ho$ÝÐr¶ EOopÝg¶m| H$mo ghm¶Vm'' ¶moOZm Ho$ AÝVJ©V 6.58 H$amo‹S> énE Omar {H$E h¡& v) Assistance for improvement to immigration Facilities and deepening of existing Cruise Berth: The Ministry of Tourism vide its letter no. 5(3)/18-IDD, dated 24th August, 2018 has released ` 6.58 crores under the scheme “Assistance to Central Agencies for Tourism Infrastructure Development”. 15. d¡JZ {H$am¶m à^ma VWm j{Vny{V© H$‘r … 15. Wagon hire Charges & Damage Deficiency : i) nÎmZ Zo X{jU npíM‘ aocdo (EgS>ãë¶yAmaEc) H$mo Xo¶ d¡JZ {H$am¶m à^ma Ho$ ê$n ‘| ` 7,48,09,248/- H$s am{e H$m àm¸$cZ {H$¶m h¡ Am¡a nw{ï>H$aU hoVw Bgo EgS>ãë¶yAmaEc H$mo ^oO {X¶m J¶m h¡& {XZm§H$ 31-3-2019 VH$ nÎmZ Ûmam EgS>ãë¶yAmaEc H$mo Xo¶ d¡JZ {H$am¶m à^ma ` 43,18,941.70 H$s am{e coIm~Õ H$s h¡& My±{H$ Xo¶Vm H$s nw{ï> EgS>ãë¶yAmaEc Ûmam Zht H$s JB© h¡, ` 7,04,90,306.30 H$m A§Va coImAm| ‘| Zht Xem©¶m J¶m h¡& i) The Port has estimated the wagon hire charges payable to South Western Railways (SWRs) as ` 7,48,09,248 /- and same has been sent to SWRs for confirmation. The wagon hire charges payable to SWRs as on 31-03-2019 as accounted by Port is ` 43,18,941.70. Since, the liability has not been confirmed by SWRs, the difference of ` 7,04,90,306.30 has not been provided in the accounts. ii) EgS>ãë¶yAma Zo Aºy$~a 2009 go {Xg§~a 2017 VH$ H$s Ad{Y Ho$ {cE H$‘r/hm{Z VWm ‘aå‘V na {H$E ì¶¶ Ho$ ‘Ôo ` 14,11,91,318 H$s am{e Ho$ {cE Xmdm {H$¶m h¡& {H$ÝVw CZHo$ Xmdo nÎmZ H$mo ñdrH¥$V Zht h¡ ³¶mo{H$ XmdoH¥$V hm{Z¶m§ Ag§JV h¡ Am¡a nÎmZ H$mo gh‘V Zht h¡& Eg²S>~ë¶yAmaEg Zo H$moB© Am¡a Xmdm Zht {H$¶m h¡& ii) SWRs have claimed an amount of ` 14,11,91,318 towards cost of deficiencies/damages and repairs incurred for the period October 2009 to December 2017. However, their claims are not acknowledged by the Port, as the damages claimed were disproportionate and not agreeable by Port. No further claims were made by SWRs.

16. S>rgrAmB© Ûmam {H$E Xmdm| H$m AñdrH$ma … ny§OrJV {ZH$f©U H$m¶© S´>oqOJ H$mnm}aoeZ Am°’$ B§{S>¶m (S>rgrAmB©) H$mo 193.50 H$amo‹S> énE H$s Hw$c cmJV na VWm nm§M Am¡a AmYo ‘{hZo H$s g‘m{á Ad{Y g{hV gm¢nm J¶m Wm& {H$ÝVw ZoeZc J«rZ {Q´>ã¶yZc (EZOrQ>r) Ho$ ñWJZ AmXoe Ho$ H$maU ny§OrJV {ZH$f©U n[a¶moOZm ~§X aIr JB©& S>rgrAmB© Zo ‘mÌ 67,63,916 KZ ‘rQ>a H$m JmX {ZH${f©V {H$¶m h¡ Omo {H$ {ZH${f©V H$s OmZodmcr Hw$c ‘mÌm AWm©V 1,50,00,000 KZ ‘rQ>a H$m 45% h¡& S>rgrAmB© Zo 25.34 H$amo‹S> énE Ho$ A§{V‘ ~rOH$ àñVwV {H$¶m h¡ {OgH$m ^wJVmZ nÎmZ Ûmam {H$¶m OmZm h¡& My§{H$ S>rgrAmB© Ûmam H$moQ> H$s JB© Xa {ZH$[f©V ‘mÌm H$m à{V KZ ‘rQ>a h¡, Am¡a CÝhm|Zo H$m¶© H$s Hw$N> hr ‘mÌm nyar H$s h¡ Bg{cE S>rgrAmB© Ûmam {H$¶m J¶m 25 H$amo‹S> énE H$m Xmdm nÎmZ H$mo ñdrH$m¶© Zht h¡& ¶h ‘m‘cm g‘mYmZ hoVw AmB©nrE Ûmam J{R>V g{‘{V H$mo g§X{^©V {H$¶m J¶m h¡& 16. Non acceptance of claims made by DCI: Capital dredging works were awarded to Dredging Corporation of India (DCI) at the total cost of ` 193.50 crores, with completion period of five and half months. However, due to the stay order by National Green Tribunal (NGT), the Capital Dredging project was stopped. DCI has dredged only 67,63,916 cubic meter of silt being 45% of the total quantity i.e. 1,50,00,000 cubic meter to be dredged. DCI has raised invoice of ` 25.34 crores which is not accepted by the Port. Since, the rate quoted by DCI was per cubic metres of the quantity dredged and has completed only part of the work, the claim of ` 25 crores made by DCI have not been accepted by the Port. The matter has been referred to the committee constituted by IPA for resolution. 17. grAmB©EgE’$ H$m ã¶mO Xmdm … ‘hm{ZXoeH$, grAmB©EgE’$ Zo OyZ, 2007 go ‘mM© 2019 VH$ V¡ZmVr, eó d Jmocm ~méX VWm H$nS>m d CnH$aU H$s cmJV Ho$ {dc§{~V ^wJVmZ na empñV ì¶mO Ho$ ‘Ôo 17.21 H$amo‹S> énE H$m Xmdm {H$¶m h¡ Am¡a nÎmZ Zo Cnamoº$ empñV ã¶mO H$m A{YË¶OZ H$aZo H$m AZwamoY {H$¶m h¡& AV… Xo¶Vm H$mo Zht Xem©¶m J¶m h¡& 17. Interest claim of CISF: The Director General, CISF has made a claim of ` 17.21 crores towards penal interest for delayed payment of Cost of Deployment, Arms & Ammunition and Clothing and Equipment’s from June 2007 to March 2019 and Port has requested for the waiver of the above penal interest. Therefore, liability has not been accounted. 18. A§Va-nÎmZ F$U :- nmoV n[adhZ ‘§Ìmc¶ Ho$ nÌ g§. 16(17)/2012-nrS>r-VII {X. 21-10-2013 Ho$ g§X^© ‘| nÎmZ Zo Zd ‘§Jcya nÎmZ Ý¶mg (EZE‘nrQ>r) go 50 H$amo‹S> énE H$m F$U {c¶m h¡& Mmcy {dÎmr¶ df© 2018-19 Ho$ Xm¡amZ nÎmZ Ho$ ‘yc am{e Ho$ ‘Ôo ` 5 H$amo‹S> énE H$s am{e ã¶mO g{hV EZE‘nrQ>r H$mo AXm H$s& EZE‘nrQ>r H$mo Xo¶ {XZm§H$ 31 ‘mM©, 2019 VH$ ~H$m¶m F$U H$s am{e 25 H$amo‹S> énE h¡& 18. Inter port Loan: The Port had obtained a loan of ` 50 crores from New Mangalore Port Trust (NMPT), Mangalore with reference to the Ministry of Shipping’s letter ref. no. 16(17)/2012-PD-VII dated 21-10-2013.

During the current financial year 2018-19, the port has repaid ` 5 crores towards principal to NMPT alongwith interest. The loan outstanding as on 31st March, 2019 is ` 25 crores payable to NMPT.

44 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

19. {deof ñdoÀN>m godm{Zd¥{Îm ¶moOZm (EgdrAmaEg)… Ý¶mgr ‘§S>c Zo g§H$ën g§. 187 {XZm§H$ 29-05-2017 Ho$ VhV Ý¶mgr ‘§S>c Zo {deof ñdoÀN>m godm{Zd¥{Îm (EgdrAmaEg) nwZ… Imocr JB© & {dÎmr¶ df© 2017-18 ‘| Bg ¶moOZm Ho$ VhV 112 H$‘©Mm[a¶m| Zo godm{Zd¥{Îm cr& àXÎm {deof doVZ Ho$ H$maU hþE A§Va Ho$ ‘wÔo Mmcy {dÎmr¶ df© Ho$ Xm¡amZ ` 13.61 cmI am{e H$m ^wJVmZ {H$¶m J¶m& 19. Special Voluntary Retirement Scheme (SVRS): The Board of Trustees has approved re-opening of the Special Voluntary Retirement Scheme (SVRS) for Port employees, vide resolution no. 187 dated 29-05-2017. 112 employees have taken retirement under SVRS in the financial year 2017-18. An amount of ` 13.61 lakhs has been paid during the current financial year on account of difference due to special pay granted.

20. X. ‘Ü¶ aoëdo (EggrAma) Ûmam {H$E JE A{V[aº$ Xmdo H$mo AñdrH$ma H$aZm … ‘rQ>a JoO go ~«m±S> JoO VH$ nÎmZ aoëdo H$s nQ>[a¶m| H$mo ~XcZo H$m H$m¶© X{jU ‘Ü¶ aoëdo (EggrAma) H$mo df© 1994 ‘| O‘m H$m¶© Ho$ ê$n ‘| gm¢nm J¶m& H$m¶© H$s àm¸${cV cmJV Ho$ ‘Ôo EggrAma H$mo ` 19.70 H$amo‹S> H$s O‘m am{e H$m ^wJVmZ {H$¶m J¶m& H$m¶© ‘mM© 1999 ‘| g‘má hþAm, hmcm§{H$ EggrAma Ûmam AZw‘m{ZV 13.4 {H$.‘r. Ho$ ‘wH$m~co 11.24 {H$.‘r. dmñV{dH$ c§~mB© ‘| n[ad{V©V H$s JB© Am¡a Bg{cE EggrAma Ûmam nÎmZ H$mo ` 2.00 H$amo‹S> H$s am{e dmng H$s JB©& EggrAma ‘| A~ nÌ g§. OrQ>rEc/grEZ/grAma {X. 21-02-2019 Ho$ VhV ` 3.78 H$amo‹S> am{e H$s ‘m§J H$s h¡, {Ogo nÎmZ Zo ñdrH$ma Zht {H$¶m h¡ Am¡a Bg{cE coIm ‘| àmdYmZ Zht {H$¶m OmVm h¡& 20. Non acceptance of additional claim made by South Central Railways (SCRs): The work of conversion of Port’s railway tracks from meter gauge to broad gauge was awarded to South Central Railways (SCRs) as a deposit work in 1994. The deposit of ` 19.70 crores was paid to SCRs towards the estimated cost of works. The work was completed in March 1999, however the actual length converted was 11.24 kms against the 13.4 kms estimated by SCRs and hence, an amount of ` 2.00 crores was refunded to the Port by SCRs. The SCRs have now demanded an amount of ` 3.78 crores vide its letter no. GTL/CN/CR dated 21-02-2019, same has not been accepted by the Port and hence not provided in the accounts.

21. Yr‘r/AMc gån{Îm Ho$ {cE àmdYmZ … Yr‘r/AMc VWm Aà¶wº$ gån{Îm ‘Xm| Ho$ {cE àmdYmZ hoVw nÎmZ Zo EH$ Zr{V ~Zm¶r h¡& {dÎmr¶ df© 2018-19 Ho$ Xm¡amZ Yr‘r/AMc gån{Îm hoVw àmdYmZ Ho$ ê$n ‘| coImAm| ‘| ` 7.47 cmI énE H$m àmdYmZ {H$¶m J¶m h¡& 21. Provision for slow/non-moving inventory: The Port has formulated a policy for providing provision on slow/non-moving and obsolete inventory items. An amount of ` 7.47 lakhs has been provided in the accounts as provision for slow/ non-moving inventory during the financial year 2018-19.

22. g§{X½Y F$Um| Ho$ {cE àmdYmZ … nÎmZ Zo H$mcJUZm Ho$ AmYma na XoZXmam| Ho$ {cE àmdYmZ hoVw EH$ {Z{V ~Zm`r h¡& {dÎmr` df© 2018- 19 Ho$ Xm¡amZ g§{X½Y F$Um| Ho$ {cE àmdYmZ Ho$ ê$n _| coImAm| _| ` 30.09 cmI H$m àmdYmZ {H$`m J`m h¡& 22. Provision for Doubtful debts: The Port has formulated a policy for providing for debtors based on its ageing. During the financial year 2018-19, an amount of ` 30.09 lakhs has been provided as provision for Doubtful debts. 23. {nN>co df© Ho$ Am§H$S>m| H$mo Mmcy df© Ho$ Am§H$S>m| Ho$ AZwê$n H$aZo Ho$ {cE nwZ… ì¶dpñWV/nwZ… dJuH¥$V {H$¶m J¶m h¡& 23. The Previous Year figures have been rearranged / regrouped wherever necessary to conform to the Current Year figures.

hñVm /- hñVm /- VmarI … 18 ‘B© 2019 Sd/- Sd/- Date : 18th May 2019 (AZ§V dr.nr. MmoS>UoH$a) (S>m°. B©. a‘oe Hw$‘ma) ñWmZ … hoS>c¡ÊS> gS>m, ‘waJm§d Jmodm (ANANT V.P. CHODNEKAR) (DR. E. RAMESH KUMAR) Place : Headland-Sada, Mormugao-Goa. {dÎmr` gbmhH$ma d _w»` boIm A{YH$mar (à^mar) AÜ`j Financial Adviser & Chief Accounts Officer (I/C) Chairman

45 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

h‘Zo ‘hmnÎmZ Ý`mg A{Y{Z`‘, 1963 H$s Ymam 102(2) Ho$ gmW n{R>V {Z`§ÌH$ VWm ‘hmboImnarjH$ (H$V©ì`, A{YH$ma VWm godm H$s eV}) A{Y{Z`‘, 1971 H$s Ymam 19(2) Ho$ VhV, ‘waJm§d nVZ Ý`mg (E‘nrQ>r) Ho$ {XZm§H$ 31 ‘mM©, 2019 VH$ Ho$ g¨b¾ VwbZ nÌ VWm Cg VmarI H$mo g‘má df© Ho$ bm^ VWm hm{Z boIm H$s boIm-narjm H$s h¡& `h {dÎmr` {dda{U`m§ nÎmZ à~§YZ H$s {Oå‘oXmar h¡& h‘mar {Oå‘oXmar h¡ {H$ h‘mar boIm-narjm Ho$ AmYma na BZ {dÎmr` {dda{U`m| na AnZm ‘V ì`º$ H$a|&

2. Bg AbJ boIm-narjm [anmoQ>© ‘|, dJuH$aU, CËH¥$ï> boIm-{d{Y nÜX{V`m| H$m AZwnmbZ, boIm{d{Y ‘mZH$ VWm àH$Q>Z ‘mZXÊS> Am{X g¨~§Yr ‘mÌ boIm {d{Y H$m`© na ^maV Ho$ {Z`§ÌH$ VWm ‘hmboImnarjH$ (grEOr) H$s {Q>ßn{U`m§ em{‘b h¢²& H$mZyZ, {Z`‘m| VWm {d{Z`‘m| (Am¡{MË` VWm {Z`‘Z) H$m AZwnmbZ VWm H$m`©j‘Vm gh {ZînmXZ nhby Am{X Ho$ ~mao ‘| {dÎmr` gåì`dhma Ho$ g¨~§Y ‘| boIm-narjm Q>rH$m-{Q>ßnUr H$mo {ZarjU [anmoQ>m]/grEOr Ho$ boIm-narjm [anmoQ>m] Ho$ ‘mÜ`‘ go AbJ go gy{MV {H$`m OmVm h¡&

3. h‘Zo ^maV ‘| gm‘mÝ`Vm ñdrH¥$V boIm {d{Y ‘mZH$m| Ho$ AZwnmbZ ‘| h‘mar boIm-narjm H$s h¡& BZ ‘mZH$m| Ho$ VhV Amdí`H$ h¡ {H$ h‘ `h C{MV AmœmgZ àmá H$aZo hoVw `moOZm H$a boIm-narjm H$a| {H$ `h {dÎmr` {dda{U`m§ ^m¡{VH$ J¡a-H$WZ go ‘wº$ h¡& boIm-narjm ‘| narjU AmYma na Om§M, boIm Ho$ g‘W©Z ‘| à‘mU VWm {dÎmr` {dda{U`m| H$m àH$Q>Z em{‘b h¡& boIm-narjm ‘| à`wº$ boIm-{d{Y {gÜXmÝVm| VWm à~§YZ ìXmam {H$E JE ‘ôÎdnyU© àm¸$bZm| H$m ‘yë`m§H$Z Am¡a gmW hr {dÎmr` {dda{U`m| H$s g‘J« àñVw{V H$m ‘yë`m§H$Z ^r em{‘b h¡& h‘| {dœmg h¡ {H$ h‘mar boIm-narjm h‘mao ‘V Ho$ {bE VH©$-g¨JV AmYma àñVwV H$aVr h¡&

4. h‘mar boIm narjm Ho$ AmYma na h‘ [anmoQ>© XoVo h¢ {H$ :-

i. h‘| g^r OmZH$mar VWm ñnï>rH$aU àmá hþE Omo h‘mao kmZ VWm {dœmg Ho$ ‘wVm{~H$ h‘mar boIm-narjm Ho$ {bE Amdí`H$ Wo&

ii. Bg [anmoQ>© ‘| {Z{X©ï> VwbZnÌ VWm bm^ d hm{Z boIm H$mo ‘hmnÎmZ Ý`mg A{Y{Z`‘, 1963 H$s Ymam 102(1) Ho$ VhV Ý`mgr ‘§S>b ìXmam AZw‘mo{XV ànÌ ‘| ~Zm`m J`m h¡&

iii. h‘mao ‘V go ‘waJm§d nÎmZ Ý`mg Zo ‘hmnÎmZ Ý`mg A{Y{Z`‘, 1963 H$s Ymam 102(1) Ho$ VhV `Wm Amdí`H$ C{MV boIm ~hr VWm AÝ` gå~ÜX [aH$mS>© aIo h¢ O¡gm {H$ BZ ~{h`m| Ho$ narjU go h‘| àVrV hþAm h¡&

iv. h‘ AmJo [anmoQ>© XoVo h¢ {H$ :-

46 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

Separate Audit Report of the Comptroller and Auditor General of India on the Accounts of Mormugao Port Trust, Goa for the year ended 31st March 2019

We have audited the attached Balance Sheet of the Mormugao Port Trust (MPT) as at 31st March 2019 and the Profit and Loss Account for the year ended on that date under Section 19(2) of the Comptroller and Auditor Generals (Duties, Powers and Conditions of Service) Act, 1971 read with Section 102(2) of the Major Port Trusts Act, 1963. These financial statements are the responsibility of the Port’s management Our responsibility is to express an opinion on these financial statements based on our audit.

2. This Separate Audit Report contains the comments of the Comptroller and Auditor General of India (CAG) on the accounting treatment only with regard to classification, conformity with the best accounting practices, accounting standards and disclosure norms, etc. Audit observations on financial transactions with regard to compliance with the Law, Rules and Regulations (Propriety and Regularity) and efficiency-cum-performance aspects, etc. if any, are reported through Inspection Reports/CAG’s Audit Reports separately.

3. We have conducted our audit in accordance with auditing standards generally accepted in India. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit includes examining, on a test basis, evidences supporting the amounts and disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall presentation of financial statements. We believe that our audit provides a reasonable basis for our opinion.

4. Based on our audit, we report that:

i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit;

ii. The Balance Sheet and the Profit and Loss Account dealt with by this report have been drawn up in the format approved by the Board of Trustees under Section 102(1) of the Major Port Trusts Act, 1963;

iii. In our opinion, proper books of accounts and other relevant records have been maintained by the Mormugao Port Trust as required under Section 102(1) of the Major Port Trusts Act, 1963 in so far as it appears from our examination of such books.

iv. We further report that:

47 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

H$. VwcZnÌ {Z{Y¶m| H$m AZwà¶moJ H$.1 ñWmB©/ny§Or n[agån{Îm¶m§ Mmcy ny§Or H$m¶© - 94.48 H$amo‹S> én¶o (AZwgyMr-2) Cnamoº$ ‘| df© 2016-17 Ho$ Xm¡amZ àdoe M¡Zb H$mo Jham ~ZmZo Ho$ {bE {H$E JE H$m¶© H$m ‘yë¶ VWm S´o>qOJ H$mnm}aoeZ Am±’$ B§{S>¶m {b{‘. ìXmam àñVwV {~b Ho$ 25.34 H$amoS> énE em{‘b Zht h¡ & BgHo$ H$maU ny§OrJV ì¶¶ Ho$ ‘Ôo Mmby ny§Or H$m¶© Am¡a Xo¶VmAm| H$mo 94.48 H$amoS> énE H$‘ {XIm¶m J¶m h¡ & hmbm§{H$ Cnamoº$ A{^‘Vmo Ho$ ~mao ‘| boIm narjm Zo df© 2016-17 go gy{MV {H$¶m Wm naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡& H$.2 {Zdoe (AZwgyMr-3) B©Eb ZH$XrH$aU {Z{Y - {Zdoe 17.31 H$amoS> énE (AZwgyMr-3) B©Eb ZH$XrH$aU {Z{Y ‘| eof 64.73 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo {Zdoe ‘mÌ 17.31 H$amoS> énE ahm {Oggo 47.42 H$amoS> énE H$m KmQ>m hþAm & hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2015 -16 go Xem©¶r h¡ naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡ & gmW hr {Zdoe ‘| AmE A§Va H$mo nyam H$aZo Ho$ {bE nÎmZ Zo H$moB© àñVmd Zht ~Zm¶m h¡ &

H$.3 Mmby n[agån{Îm¶m§ F$U VWm A{J«‘ - 262.23 H$amoS> énE (AZwgyMr-4) ’w$Q>H$a XoZXma - 60.36 H$amoS> énE Bg‘| 7.26 H$amoS> énE em{‘b h¡ Omo df© 2017-18 Am¡a 2018-19 Ho$ {bE nÅ>m {H$am¶m, {db§{~V ^wJVmZ na ã¶mO, doB§{e{b na bJmE JE A{YH«$‘U à^mam| Ho$ ‘Ôo ‘ogg© doñQ>Z© B§{S>¶m {en¶m©S> {b{‘Q>oS> (doB§{e{b) go Xo¶ h¡& ‘mZZr¶ ZoeZb H§$nZr bm± {Q´>ã¶yZb (EZgrEbQ>r) Zo emoYZm Aj‘Vm Am¡a {Xdmbm g§{hVm, 2016 H$s Ymam-14 Ho$ VhV A{YñWJZ Kmo{fV {H$¶m (12 {Xg§~a, 2017) {OgHo$ VhV doB§{e{b H$s {H$gr ^r n[agån{Îm H$mo hñVm§V[aV, {d„§J‘, AÝ¶g§H«$m{‘V AWdm {ZnQ>mZo go E‘nrQ>r na à{V~§Y bJm¶m J¶m & AV… ‘ogg© doB§{e{b go 7.26 H$amoS> énE H$s dgybr {Z{üV Zht h¡ Am¡a BÝh| àmdYm{ZV {H$¶m OmZm Mm{hE Wm & Bggo XoZXmam| H$mo Cgr hX VH$ A{YH$ Am¡a àmdYmZm| H$mo H$‘ {XIm¶m J¶m h¡& hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2017 -18 go Xem©¶r h¡ naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡&

H$.4 Mmcy Xo¶VmE§ VWm àmdYmZ H$.4.1 Mmcy Xo¶mVE§ - 1049.28 H$amo‹S> énE Cnamoº$ ‘¢ {ZåZ{c{IV em{‘c Zht h¡ … (i) OyZ, 2007 go ‘mM©, 2019 VH$ H|$Ðr¶ Am¡Km¡{JH$ gwajm ~b ìXmam Xr JB© godmAm| Am¡a CnH$aU H$s bmJV Ho$ g§~§Y ‘| {db§{~V ^wJVmZ na empñV ã¶mO Ho$ ‘Ôo CZHo$ ìXmam àñVwV {~b Ho$ 17.21 H$amoS> énE em{‘b Zht h¡& Bggo Xo¶VmAm| Am¡a KmQ>o H$mo 17.21 H$amoS> énE H$‘ {XIm¶m J¶m h¡ & hmbm§{H$ Am{^‘Vm| H$mo boIm narjm Zo df© 2014-15 go gy{MV {H$¶m h¡, naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡& (ii) Aºy$~a, 2009 go {Xg§~a, 2017 VH$ g§¶wº$ én go H$s JB© Om§M Ho$ AmYma na H${‘¶m|/j{V VWm ‘aå‘V H$s bmJV Ho$ ‘Ôo X{jU n{ü‘ aobdo {b{‘Q>oS> (EgS>ãë¶yAmaEb²) Ûmam à^m[aV 14.12 H$amoS> énE em{‘b Zht h¡& BgHo$ H$maU Mmby Xo¶VmE§ VWm àmdYmZ Am¡a KmQ>o H$mo 14.12 H$amoS> énE H$s gr‘m VH$ H$‘ {XIm¶m J¶m h¡ & hmbm§{H$ A{^‘Vm| H$mo boIm narjm Zo df© 2015-16 go CR>m¶m h¡ naÝVw Bg‘| nÎmZ à~§YZ Ûmam gwYma {H$¶m OmZm ~mH$s h¡& (iii) ‘B©, 2002 go {Xg~§a, 2016 VH$ X{jU n{ü‘ aobdo {b{‘Q>oS> (EgS>ãë¶yAmaEb²) H$mo Xo¶ doJZ {H$am¶m à^mam| Ho$ ‘Ôo 7.05 H$amoS> énE em{‘b Zht h¡& My§{H$ godmE§ br MwH$s h¡ Am¡a à~§YZ Zo Xo¶ am{e H$m àm¸$bZ {H$¶m h¡, Xo¶Vm H$s nhMmZ H$s OmZr Wr Mmho EgS>ãë¶yAmaEb² go nwï>rH$aU àmá Z hþAm hmo, O¡gm {H$ ZmoQ> g§. 15(i) ‘| C{„pIV h¡ & BgHo$ H$maU Mmby Xo¶VmE§ VWm àmdYmZ Am¡a KmQ>o H$mo 7.05 H$amoS> énE H$s gr‘m VH$ H$‘ {XIm¶m J¶m h¡ &

48 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

A. BALANCE SHEET Application of funds A.1 Fixed/Capital Assets Capital Work-in-Progress - ` 94.48 crore (Schedule 2) The above does not include ` 25.34 crore being the value of work done and bill raised by the Dredging Corporation of India Ltd., for deepening of the approach channel during the year 2016-17. This has resulted in understatement of Capital work-in-progress and Liabilities towards Capital Expenses by ` 94.48 crore. Though the above observation is being pointed out by Audit since 2016-17, the same is yet to be rectified by the Port Management.

A.2 Investments (Schedule 3) EL Encashment Fund- Investment - ` 17.31 crore (Schedule-3) As against the total Fund Balance of ` 64.73 crore in the EL Encashment Fund, the investment was ` 17.31 crore only, resulting in a deficit of ` 47.42 crore. Though the shortfall in Investment is being pointed out by Audit since 2015-16, the same is yet to be rectified by the Port Management. Further, the Port has not framed any proposal for meeting the gap in investment.

A.3 Current Assets, Loans and Advances - ` 262.23 crore (Schedule 4) Sundry Debtors - ` 60.36 crore This includes an amount of ` 7.26 Crore due towards Lease rent, Interest on delayed payment, encroachment charges levied on WISL from M/s Western India Shipyard Ltd. (WISL) for the years 2017-18 and 2018-19. The Hon’ble National Company Law Tribunal (NCLT) declared (12 December 2017) a moratorium under section 14 of the Insolvency & Bankruptcy Code, 2016 restricting MPT from transferring, encumbering, alienating or disposing of any WISL assets. Therefore the recovery of ` 7.26 crore from M/s WISL is not certain and the same should have been provided for. This has resulted in over statement of Debtors and understatement of provisions to the same extent. Though this is being pointed out by Audit since 2017-18, the same is yet to be rectified by the Port Management.

A.4 Current Liabilities and Provisions A.4.1 Current Liabilities- ` 1049.28 crore Above does not include: (i) ` 17.21 crore towards bill raised by Central Industrial Security Force towards penal interest on delayed payment on cost of equipment and service provided by them from June 2007 to March 2019. This has resulted in understatement of Liabilities and understatement of deficit by ` 17.21 crore. Though the observation is being raised by Audit since 2014-15, the same is yet to be rectified by the Port Management. (ii) ` 14.12 crore being cost of deficiencies /damages and repairs charged by South Western Railways Limited (SWRL) based on joint inspections conducted from October 2009 to December 2017. This has resulted in understatement of Current Liabilities & Provisions and understatement of Deficit to the extent of ` 14.12 Crore. Though the observation is being raised by Audit since 2015-16, the same is yet to be rectified by the Port Management. (iii) ` 7.05 crore being the Wagon hire charges payable to South Western Railways (SWRL’s) from May 2002 to December 2016. As the services were already availed and Management has estimated the amount payable, the liability should have been recognized notwithstanding the non-receipt of confirmation from SWRL, as mentioned in Note No. 15(i). This has resulted in understatement of Current Liabilities & Provisions and understatement of Deficit to the extent of ` 7.05 crore. 49 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

I. cm^ VWm hm{Z coIm I.1 Am¶ I.1.1 Zm¡^ma g§^cmB© VWm ^ÊS>maU à^ma - 119.14 H$amo‹S> énE (AZwgyMr-5) I.1.2 nÎmZ VWm JmoXr à^ma (nm¶cQ>oO ewëH$ g{hV) - 131.57 H$amo‹S> énE (AZwgyMr-6) Bg‘| df© 2018-19 Ho$ {bE ‘ogg© gmD$W doñQ> nmoQ>© {b{‘Q>oS> (EgS>ãbynrEb) go àmá 19.09 H$amoS> énE H$s am°¶ëQ>r VWm ‘ogg© AXmUr ‘mo‘w©Jm§d nmoQ>© Q>{‘©Zb àmB©doQ> {b{‘Q>oS> (EE‘nrQ>rnrEb) go 24.58 àmá H$amoS> énE H$s am°¶ëQ>r em{‘b h¡& H$ÝgoeZ H$ama Ho$ IÊS> 9.4 Ho$ AZwgma H$ÝgoeZa (EE‘nrQ>rnrEb) àË¶oH$ df© {XZm§H$ 30 {gVå~a VWm 31 ‘mM© H$mo g‘má hmoZodmbr N>‘mhr Ad{Y Ho$ {bE gH$b amOñd H$s {dÎmr¶ {ddaUr E‘nrQ>r H$mo àñVwV H$aoJm Omo {H$ CZHo$ gm§{d{YH$ boIm narjH$m| ìXmam ¶WmdV à‘m{UV hmoJm& H$ÝgoeqZJ àm{YH$mar (E‘nrQ>r) Ho$ nmg ¶h {dH$ën hmoJm {H$ do gH$b amOñd H$s {deof boIm narjm H$aZo Ho$ {bE AnZr bmJV na A{V[aº$ boImnarjH$ H$s {Z¶w{º$ H$a|& EgS>ãbynrEb Ho$ g~§Y _| H$ÝgoeZa AWdm {deof boIm narjm Ûmam boIm~ÜX boImAm| Ho$ àñVw{VH$aU na EgS>ãbynrEb Ho$ gmW {H$¶m J¶m bmBg|g H$ama à{V{H«$¶m{hZ h¡ & df© 2018-19 Ho$ {bE ‘ogg© EE‘nrQ>rnrEb H$s ñdV§Ì boIm narjm Zht H$s JB© h¡ & E‘nrQ>r, EE‘nrQ>rnrEb VWm EgS>ãbynrEb ìXmam eo¶a H$s JB© amOñd H$s VÏ¶mË‘H$Vm H$s Om§M H$aZo Ho$ {bE boImnarjH$m| H$mo ‘yb [aH$mS>© àñVwV Zht H$a nm¶m& g§~§{YV [aH$mS>© Z hmoZo Ho$ H$maU EE‘nrQ>rnrEb VWm EgS>ãbynrEb go g§~§{YV 43.67 H$amoS> énE H$s am¶ëQ>r amOñd H$s VÏ¶mË‘H$Vm O¡go {H$ boIm~hr ‘| C{„pIV h¡, H$s Om§M Zht H$a nmE& Cnamoº$ ‘m‘bm df© 2016-17 go boIm narjm Ûmam gy{MV {H$¶m Om ahm h¡ &

(H$amo‹S> én`m| _|) 1 Aà¡c 2018 df© 2018-19 df© 2018-19 {X. 31 ‘mM©, H«$_ H«$_ AZwXmZ VH$ H$m Ho$ Xm¡amZ Ho$ Xm¡amZ 2019 VH$ H$m g§. g§. AW eof àm{á¶m§ Cn¶mo{JVm B{V eof 1 Mma-‘mJu¶ gS>H$ Ho$ {Z‘m©U 0.00 35.00 35.00 0.00 hoVw nmoV n[adhZ ‘§Ìmb¶ go 2 ñdÀN> ^maV hoVw nmoV n[adhZ ‘§Ìmb¶ go 0.00 2.00 2.00 0.00 3 ¶mÌt OoQ>r H$m {dH$mg 5.00 0.00 5.00 0.00 4 ~«oH$ dm°Q>a KmQ> H$mo ‘O~yV ~ZmZm 0.00 6.58 0.08 6.50 5 gHw©$boeZ g‹S>H$ hoVw gmJa‘mbm Ho$ VhV AZwXmZ 0.00 15.30 15.30 0.00 6 Mma‘mJu¶ g‹S>H$ EZEM 17~r H$m {Z‘m©U 0.00 4.74 4.74 0.00 7 2 H«y$O ‘y[a¨J S>mopë’$Z hQ>mZo Ho$ {bE 0.00 3.47 0.00 3.47 AZwXmZ Hw$b 5.00 67.09 62.12 9.97

50 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

B. PROFIT AND LOSS ACCOUNT

B.1 Income

B.1.1 Cargo Handling and Storage Charges - ` 119.14 crore (Schedule 5)

B.1.2 Port & Dock Charges (Including Pilotage Fees) - ` 131.57 crore (Schedule 6)

This includes ` 19.09 crore being royalty received from M/s South West Port Limited (SWPL) and ` 24.58 crore received from M/s Adani Mormugao Port Terminal Private Limited (AMPTPL) for the period 2018-19. As per clause 9.4 of the Concession Agreement, the Concessionaire (AMPTPL) shall submit to Mormugao Port Trust (MPT) a financial statement of the Gross Revenue for every six monthly periods ending 30th September and 31st March every year, duly certified by its Statutory Auditors. The Concessioning Authority (MPT) shall at its own cost have the option to appoint an additional Auditor to conduct a special audit of the Gross Revenue. In respect of SWPL, the agreement is silent on submission of audited accounts by the Concessionaire or Special Audit. Independent audit in respect of M/s AMPTPL for the year 2018-19 has not been conducted. MPT could not produce primary records to Audit for verifying the correctness of revenue shared by AMPTPL and SWPL. In absence of relevant records, Royalty Revenue of ` 43.67 crore pertaining to AMPTPL and SWPL as reflected in the books of accounts could not be verified by Audit.

The above matter is being pointed out by Audit since 2016-17.

C. GRANTS-IN-AID The Port received an amount of ` 67.09 crore as Grants-in Aid from Government of India during the year 2018-19 as indicated below . (` in crore) Opening Closing Receipts Sr. Balance Utilisation Balance Name of the Grant during No. as on during 2018-19 as on 2018-19 01.04.2018 31.03.2019 1 4 Lane road Port connectivity Ministry of 0.00 35.00 35.00 0.00 Shipping.

2 Grants from Ministry of Shipping for 0.00 2.00 2.00 0.00 Swatch Bharat.

3 Development of Passenger Jetty. 5.00 0.00 5.00 0.00

4 Strengthening of Break Water Berth PMT. 0.00 6.58 0.08 6.50

5 Grants for Circulation road under Sagarmala 0.00 15.30 15.30 0.00

6 Construction of 4 Lane road NH 17B 0.00 4.74 4.74 0.00

7 Grant for removal 2 Nos. Mooring Dolphins 0.00 3.47 0.00 3.47 of Cruise.

Total 5.00 67.09 62.12 9.97

Note: The Port had spent ` 7.03 crore during 2017-18 in respect of Circulation Road from the Ports Account and adjusted during 2018-19.

51 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

boIm n[ajm Zo nm¶m {H$ ¶mÌr OoÅ>r Ho$ {dH$mg (H«$‘ g§ 3) Ho$ {bE AZwXmZ Ho$ g§~§Y ‘| 5 H$amoS> énE H$m àW‘ {H$íV {XZm§H$ 30 ‘mM©, 2018 H$mo àmá hþAm Omo dmñH$mo ImS>r ‘| Zm¡g§MmbZ ~mYmAm| H$mo hQ>mZo Ho$ {bE BñVo‘mb {H$¶m J¶m& hmbm{H$ Zm¡g§MmbZ ~mYmAm| H$mo hQ>mZo H$m H$m¶© AZw‘mo{XV A§{V‘ ì¶dhm¶©Vm [anmoQ>© ‘| 21 H$amoS> énE H$s ny§Or ãbm°H$ bmJV àm¸$bZ ‘| em{‘b Zht {H$¶m J¶m h¡ na§Vw E‘nrQ>r Zo 5 H$amoS> énE H$s am{e ""df© 2018-19 Ho$ Xm¡amZ Cn¶mo{JVm'' Ho$ A§VJ©V Xem©¶r h¡& BgHo$ {bE nmoV n[adhZ ‘§Ìmb¶ H$m AZw‘moXZ àmá Zht {H$¶m J¶m h¡&

K. gm‘mÝ¶ K.1 n|ÝeZ Q´>ñQ> {Z{Y H$m VwbZnÌ - {Zdoe - 777.87 H$amoS> énE n|ÝeZ Q´>ñQ> {Z{Y ‘| eof 1585.36 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo {Zdoe 777.87 H$amoS> énE ahm {Oggo 807.49 H$amoS> énE H$ KmQ>m hþAm & hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2015 -16 go Xem©¶r h¡ naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡ & gmW hr {Zdoe ‘| AmE A§Va H$mo nyam H$aZo Ho$ {bE nÎmZ Zo H$moB© àñVmd Zht ~Zm¶m h¡&

K.2 J«oÀ¶wQ>r Q´>ñQ> {Z{Y H$m VwbZnÌ - {Zdoe - 45.88 H$amoS> énE J«oÀ¶wQ>r Q´>ñQ> {Z{Y ‘| eof 94.23 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo {Zdoe 45.88 H$amoS> énE ahm {Oggo 48.35 H$amoS> énE H$s H$‘r Am¶r h¡ & hmbm§{H$ df© 2015-16 Ho$ ~mX {Zdoe ‘| H$‘r AmB© Wr, nÎmZ à~§YZ Zo H$moB© ^r gwYmamË‘H$ H$ma©dmB© Zht H$s & BgHo$ Abmdm {Zdoe Ho$ A§Va H$mo H$‘ H$aZo Ho$ {bE nÎmZ Zo H$moB© ^r àñVmd Zht ~Zm¶m h¡&

L>. à~§YZ nÌ H${‘¶m§, Omo n¥WH$ boIm narjm [anmoQ>© ‘| em{‘b Zht h¡ CÝh| à~§YH$ nÌ, Omo {H$ {ZdmaH$/gwYmaH$ H$ma©dmB© hoVw AbJ go Omar {H$¶m J¶m h¡, Ho$ ‘mÜ¶‘ go nÎmZ H$mo gy{MV {H$¶m h¡ & (v) nyd© n¡amAm| ‘| h‘mar {Q>ßn{U¶m| Ho$ AYrZ h‘ [anmoQ>© H$aVo h¡ {H$ Bg [anmoQ>© ‘| {X¶m J¶m VwcZnÌ VWm cm^ d hm{Z coIm, coIm ~hr go ‘oc ImVo h¡& (vi) h‘mao {dMma go VWm h‘mar gdm}Îm‘ OmZH$mar VWm h‘| {XE JE ñnï>rH$aU Ho$ AZwgma coIm{d{Y Zr{V¶m| VWm coIm na {Q>ßn{U¶m| Ho$ gmW n{R>V Am¡a Cnamoº$ ‘hËdnyU© ‘m‘cm| VWm Bg coIm narjm [anmoQ>© Ho$ n[a{eï>-I ‘| C{„{IV AÝ¶ ‘m‘cm| Ho$ AYrZ {dÎmr¶ {dda{U¶m§ ^maV ‘| gm‘mÝ¶V¶m ñdrH¥$V coIm{d{Y {gÕmÝVm| Ho$ AZwê$n ghr VWm R>rH$ h¡& (H$) ¶h {XZm§H$ 31 ‘mM©, 2019 VH$ Ho$ ‘waJm§d nÎmZ Ý¶mg Ho$ H$m¶©H$cmnm| Ho$ VwcZnÌ go g§~§{YV h¡; VWm (I) ¶h Cg VmarI H$mo g‘má df© Ho$ {cE cm^ g§~§Yr cm^ VWm hm{Z coIm go g§~§{YV h¡& {X. 31 ‘mM©, 2019 H$mo g‘má {nN>co VrZ dfm] Ho$ {cE ‘waJm§d nÎmZ Ý¶mg Ho$ g§{já {dÎmr¶ n[aUm‘m| H$mo Xem©Zodmcr coIm g‘rjm n[a{eï>-II ‘| àñVwV h¡ &

^maV Ho$ {Z`§ÌH$ VWm _hmcoImnarjH$ Ho$ {cE VWm H$s Amoa go hñVm/- (én am{e) _hm {ZXoeH$, dm{U{Á`H$ coIm narjm VWm nXoZ gXñ`, coIm narjm _§S>c-1, _§w~B© ñWmZ : ‘w§~B© {XZm§H$: 27 {gVå~a 2019

52 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

Audit observed that in respect of Grant in Aid for Development of Passenger Jetty (Sr. No.3), the first instalment of ` 5 crore received on 30th March 2018 was utilised for Removal of navigational Obstruction at Vasco Bay. Though the work of Removal of navigational Obstruction was not included in the Capital block cost estimate of ` 21 crore in the approved Final Feasibility Report, MPT has shown the amount of ` 5 crore under “utilisation during 2018-19”. Approval of Ministry of Shipping has not been obtained for the same.

D. GENERAL D.1 Balance Sheet of Pension Trust Fund - Investment - ` 777.87 crore As against the total Fund Balance of ` 1585.36 crore in the Pension Trust Fund, the investment is ` 777.87 crore resulting in a deficit of ` 807.49 crore. Though the shortfall in Investment is being pointed out by Audit since 2015-16, the same is yet to be rectified by the Port Management and the Port has not yet framed any proposal for meeting the gap in investment.

D.2 Balance Sheet of Gratuity Trust Fund – Investment - ` 45.88 crore As against the total Fund Balance of ` 94.23 crore in the Gratuity Trust Fund the investment is ` 45.88 crore resulting in a shortfall of ` 48.35 crore. Though the shortfall in Investment is being pointed out by Audit since 2015-16, the same is yet to be rectified by the Port Management and the Port has not yet framed any proposal for meeting the gap in investment.

E. MANAGEMENT LETTER Deficiencies which have not been included in the Separate Audit Report have been brought to the notice of the Trust through a Management Letter issued separately for remedial/ corrective action. (v) Subject to our observations in the preceding paragraphs, we report that the Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of accounts. (vi) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements read together with the Accounting policies and Notes to Accounts, and subject to the significant matters stated above and other matters mentioned in Annexure-I to this Audit Report give a true and fair view in conformity with accounting principles generally accepted in India, (a) In so far as it relates to Balance Sheet, of the state of affairs of the Mormugao Port Trust as at 31st March 2019; and (b) In so far as it relates to Profit and Loss Account, of the Loss for the year ended on that date. A Review of Accounts showing the summarized financial results of Mormugao Port Trust for the last three years ending 31st March 2019 is given in Annexure - II.

For and on behalf of the Comptroller and Auditor General of India

Sd/- (Roop Rashi) Director General of Commercial Audit and Ex-Officio Member, Audit Board-I, Mumbai Place: Mumbai Date: 27th September 2019

53 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

n[a{eï> I

1. Am§V[aH$ coIm narjm àUmcr H$s n`m©áVm nmoV n[adhZ ‘§Ìmb¶ Ho$ {ZX}emZwgma nÎmZ Zo Am§V[aH$ boIm narjm Ho$ {bE MmQ>©S>© EH$mD$§Q>§Q²g Ho$ ’$‘© H$s {Z¶w{º$ H$s& H$m¶© n[a{Y ‘| g^r ZH$X VWm ~¢H$ g§åì¶dhmam| H$m gË¶mnZ, nÎmZ Xa‘mZm| H$s nw{ï> g{hV amOñd boIm narjm nÎmZ Ûmam Xr Om ahr godmAm| Ho$ {bE ~ZmE JE g^r àH$ma Ho$ {~bm| H$m gË¶mnZ Am{X em{‘b h¡& nÎmZ H$mo {V‘mhr AmYma na AnZr Am§V[aH$ boIm narjm [anmoQ>© Ý¶mgr ‘§S>b Ho$ g‘j àñVwV H$aZr hmoVr h¡& à~§YZ Zo df© 2018-19 Ho$ {bE Am§V[aH$ boIm narjm H$s ‘mÌ nhbr, Xÿgar Am¡a Vrgar {V‘mhr [anmoQ>© Ý¶mgr ‘§S>b Ho$ g‘j àñVwV H$s h¡ d Mm¡Wr [anmoQ>© V¡¶ma H$s Om ahr h¡ (OwbmB© 2019)&

2. Am§V[aH$ {Z`§ÌU àUmcr H$s n`m©áVm Am§V[aH$ {Z¶§ÌU àUmcr H$mo {ZåZ Ho$ H$maU ‘O~yV H$aZo H$s Amdí¶H$Vm h¡… (i) hmbm§{H$ gm‘mZ gyMr Ho$ g§~§Y ‘| ‘hËdnyU© boImH$aU Zr{V¶m§ ~ZmB© JB© h¡, E‘nrQ>r Ho$ àmnU ‘¡Ý¶wAb I§S> 10.3.3(i) Ho$ AZwgma gm‘mZ gyMr Ho$ g§^m{dV Cn¶moJ H$mb Ho$ ‘yë¶m§H$Z Ho$ g§~§Y ‘| BZHo$ {bE bmJy ‘mnX§S>m| H$mo Am¡a n[aîH¥$V H$aZo H$s Amdí¶H$Vm h¡& (ii) {nN>bo df© à~§YZ Zo AmœñV {H$¶m Wm {H$ XrK©H$mb Ho$ {bE Cn¶moJ H$s JB© n[ag§n{Îm¶m| H$mo {dÎmr¶ [anmo{Qª>J Ho$ gm‘mÝ¶ Om§M H$s Amdí¶H$Vm AZwgma ¶h nVm H$aZo Ho$ {bE nwZar{jV {H$¶m OmEJm {H$ n[ag§n{Îm¶m| H$m H$moB© õmg hþAm h¡ ¶m Zht na§Vw ¶h nm¶m J¶m {H$ n[ag§n{Îm¶m| Ho$ õmg H$m nVm H$aZo Ho$ {bE à~§YZ Zo narjU Zht {H$¶m& (iii) H$m¶© g‘m{á à‘mUnÌ H$s AZwnbãYVm Ho$ H$maU n[ag§n{Îm¶m| Ho$ ny§OrH$aU ‘| {db§~ hþAm& Bg g§~§Y ‘| CXmhaU {ZåZdV h¡:- ‘waJm§d nÎmZ Ý¶mg ‘| B§Q>Z© BbopŠQ´>H$ëg g{hV {g¾qbJ {~pëS§>J {Z‘m©U H$m¶©(6.28 H$amoS> énE) VWm aobdo ZoQ>dH©$ hoVw Eg EÊS> Q>r àUmbr H$m¶©(8.35 H$amoS> énE) df© 2018-19 Ho$ Xm¡amZ nyam hmo MwH$m h¡ Am¡a {XZm§H$ 20-04-2018 go BgH$m àMbZ ewê$ hþAm& na§Vw g§~§{YV {d^mJ go H$m¶© g‘m{á à‘mU nÌ àmá Zht hþAm ¶h ~VmVo hþE n[ag§n{Îm¶m| H$mo ny§OrH¥$V Zht {H$¶m J¶m& (iv) My§{H$ àmá AZwXmZ Ho$ {bE AbJ boIm Zht h¡ Am¡a Bgo gm‘mÝ¶ {Z{Y ‘| em{‘b {H$¶m OmVm h¡, IM© {H$E JE AZwXmZ na A{O©V ã¶mO H$m ‘yë¶m§H$Z {H$E {~Zm Bgo gaH$ma Ho$ ImVo ‘| AJ«o{fV {H$¶m OmVm h¡&

3. AMc n[agån{Îm`m| H$s àË`j Om§M àUmcr AMb n[agån{Îm¶m| H$s àË¶j Om§M àUmbr An¶m©á h¡ & AMb n[agån{Îm¶m| ‘| Hw$N> n[agån{Îm¶m§ em{‘b h¡ {OgH$m Cn¶moJ Zht {H$¶m OmVm h¡ &

4. gm_mZ gyMr H$s àË`j Om§M àUmcr {XZm§H$ 31 ‘mM© 2019 H$mo ¶m§{ÌH$ B§Or{Z¶[a¨J {d^mJ, {g{db B§{O{Z¶[a¨J {d^mJ d g‘wÐr {d^mJ Ho$ ‘w»¶ A{^¶§VmAm| VWm {M{H$Ëgm {d^mJ Ûmam à‘m{UV gm‘mÝ¶ gyMr Om§M à‘mUnÌ ‘| Cg VmarI H$mo CnbãY gm‘mÝ¶ gyMr H$m eof Zht Xem©¶m J¶m h¡ &

5. gm§{d{YH$ Xo¶VmAm| Ho$ ^wJVmZ _| {Z¶{‘VVm & nÎmZ A{ddm{XV gm§{d{YH$ Xo¶Vm Cn¶wº$ àm{YH$m[a¶m| Ho$ nmg {Z¶{‘V én go O‘m H$aVm h¡&

ANNEXURE I

1. Adequacy of Internal Audit System As per the directives of Ministry of Shipping, the Port has appointed a firm of Chartered Accountants for Internal Audit. The scope of work includes verification of all cash and bank transactions, revenue audit in confirmation with Port’s Scale of Rates, verification of all types of bills raised for the services provided by the Port, etc. The Port has to place the Internal Audit Report before the Board of Trustees on a quarterly basis. The Management has placed only the first, second and third quarterly reports of Internal Audit for the year 2018-19 before the Board of Trustees and the fourth report was under preparation (July 2019).

2. Adequacy of Internal Control System Internal Control System requires strengthening on account of the following: (i) Though significant accounting policy regarding Inventory is formulated, criteria applied to the same requires further refinement with respect to assessment of expected useful life of inventory as per Procurement Manual clause 10.3.3 (i) of MPT. (ii) The Management had assured in the previous year that assets which were not in use for a long term (since 1993 & 2005) will be reviewed as per the requirement of Common Framework for Financial Reporting to see whether there was any impairment of assets. However, it was observed that the review for assessing impairment of assets was not carried out by the Management. (iii) Delay in capitalization of Assets on account of non-availability of work completion certificate. Sample case stated below: The work of Construction of Signalling Building with Intern Electricals (`. 6.28 crore) and S & T system for Railway Network at Mormugao Port Trust (` 8.35 crore) were completed during the year 2018-19 and have been put in to operation from 20.04.2018. However, the assets have not been capitalised citing non-receipt of completion certificates from concerned departments. (iv) As no separate accounts are maintained for grants received and the same is mixed with common funds, interest earned on unspent Grant is not assessed and remitted to Government Account.

3. System of Physical Verification of Fixed Assets System of physical verification of Fixed Assets is inadequate. It did not capture the condition of assets and resulted in inclusion of some assets which were not in use/ existence.

4. System of Physical Verification of Inventory The inventory verification certificates as on 31st March 2019 certified by Chief Engineers of Mechanical Engineering Department, Civil Engineering Department, Marine Department and Medical Department were not disclosing the details on the balance of Inventory available on that date.

5. Regularity in payment of statutory dues The Port was regular in depositing undisputed statutory dues with the appropriate authorities.

Place: Mumbai, Sd/- Date: 27th September 2019. (V.S.K. Nampoodiry) Deputy Director

55 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

n[a{eï> II {XZm§H$ 31 _mM©, 2019 H$mo g_má {nN>co VrZ dfm] Ho$ {cE _waJm§d nÎmZ Ý`mg Ho$ coImAm| na ^maV Ho$ {Z`§ÌH$ d _hmcoImnarjH$ Ûmam g_rjm (^maV Ho$ {Z`§ÌH$ VWm _hmcoImnarjH$ Ho$ n¥WH$ coIm-narjm à{VdoXZ ‘| {Z{hV coIm-narjm A{^‘Vm|/Q>rH$m {Q>ßn{U`m| H$mo Ü`mZ _| {cE {~Zm coIm g_rjm V¡`ma H$s JB© h¡&) 1. {dÎmr` pñW{V {X. 31 ‘mM© 2019 H$mo g_má {nN>co VrZ dfm} Ho$ {cE _moQ>o erfm} Ho$ VhV _waJm§d nÎmZ Ý`mg H$s {dÎmr` pñW{V {ZåZdV h¡ …- (H$amo‹S> én¶m| ‘|) H«$‘ g§. {ddaU 2016-17 2017-18 2018-19 H$ Xo`VmE§ i n§yOr àma{jV 489.94 489.94 489.94 ii AÝ` àma{jV (-)495.43 (-)304.30 (-)325.16 iii CYma 87.00 30.00 25.00 iv AmñW{JV H$a Xo¶VmE§ 0.00 0.00 0.00 v Mmcy Xo¶VmE§ VWm àmdYmZ 1,148.53 1,009.63 1,106.98

Hw$c 1,230.04 1,225.27 1,296.76 I n[agån{Îm`m§ i {Zdc AMc n[agån{Îm¶m§ 470.70 440.01 444.92 ii Mmcy H$m`© 100.06 105.82 94.48 iii {Zdoe 88.15 125.85 166.14 iv Mmcy n[agån{Îm`m§ VWm F$U d A{J«‘ 302.41 251.42 262.23 v AmñW{JV H$a n[agån{Îm 268.72 302.17 328.99 AÝ¶ n[agån{Îm¶m§/{d{dY ì¶¶ i ~r.Amo.Q>r. Am°naoQ>a H$mo gm¢no JE eoS> 0.00 0.00 0.00 ii Eg.dr.Ama.Eg. ì¶¶ 0.00 0.00 0.00 iii {d{dY ì¶¶ 0.00 0.00 0.00 Hw$c 1,230.04 1,225.27 1,296.76 J Mmcy n§yOr * (-)846.12 (-)758.21 (-)844.75 K {Zdc _yë` ** (-)5.49 185.64 164.78 L> {Z`mo{OV n§yOr *** (-)375.42 (-)318.20 (-)399.83 M {Zdc A{Yeof ({d{Z`moOZ go nyd©) (-)23.15 88.17 (-)71.95 N> {Z`mo{OV n§yOr na à{Vcm^ (à{VeV) **** 6.17 (-)27.71 18.00 O {Z`mo{OV n§yOr (Mmcy H$m¶m] g{hV) (-)275.36 (-)212.38 (-)305.35 P {Z`mo{OV n§yOr na à{Vcm^ (Mmcy H$m¶m] g{hV) (à{VeV) 8.41 (-)41.52 23.56

* Mmcy n§yOr, Mmcy n[agån{Îm`m§ H$‘ Mmcy Xo`VmE§ H$mo Xem©Vr h¡& ** {Zdc _yë`, n§yOr àma{jV VWm AÝ` àma{jV + A{Yeof/H$‘ KmQ>m, Xem©Vr h¡& *** {Z`mo{OV n§yOr, {Zdc AMc n[agån{Îm`m| + Mmcy n§yOr H$mo Xem©Vr h¡& **** {Z`mo{OV n§yOr na à{Vcm^, {Z`mo{OV n§yOr go {Zdc A{Yeof ({d{Z`moOZ go nyd©) H$mo Xem©Vr h¡&

56 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

ANNEXURE II Review of Accounts of Mormugao Port Trust, Goa for three years ended 31st March 2019 by the Comptroller and Auditor General of India (The Review of Accounts has been prepared without taking into account the audit observations/comments contained in the Separate Audit Report of the Comptroller and Auditor General of India)

1. FINANCIAL POSITION The Financial Position of Mormugao Port Trust under the broad headings for three years ended 31 March 2019 is given below: (` in Crore)

Sl.No. Particulars 2016-17 2017-18 2018-19 A. Liabilities i Capital Reserve 489.94 489.94 489.94 ii Other Reserves (-)495.43 (-)304.30 (-)325.16 iii Borrowings 87.00 30.00 25.00 iv Deferred Tax Libilities 0.00 0.00 0.00 v Current Liabilities & Provisions 1,148.53 1,009.63 1,106.98

Total 1,230.04 1,225.27 1,296.76

B. Assets i Net Fixed Assets 470.70 440.01 444.92 ii Works-in-Progress 100.06 105.82 94.48 iii Investments 88.15 125.85 166.14 iv Current Assets & Loans and Advances 302.41 251.42 262.23 v Deferred Tax Asset 268.72 302.17 328.99 Other Assets/Misc. Expenditure i. Sheds handed over to BOT operator 0.00 0.00 0.00 ii. SVRS Expenditure 0.00 0.00 0.00 iii. Misc. Expenditure 0.00 0.00 0.00

Total 1,230.04 1,225.27 1,296.76

C Working Capital * (-)846.12 (-)758.21 (-)844.75 D Net Worth ** (-)5.49 185.64 164.78 E Capital Employed *** (-)375.42 (-)318.20 (-)399.83 F Net Surplus (before appropriation) (-)23.15 88.17 (-)71.95 G Return on Capital Employed (percentage) **** 6.17 (-)27.71 18.00 H Capital Employed (including work-in-progress) (-)275.36 (-)212.38 (-)305.35 I Return on Capital Employed (including capital work-in-progress) (percentage) 8.41 (-)41.52 23.56

* Working Capital represents Current Assets minus Current Liabilities. ** Net Worth represents Capital Reserves and Other Reserves plus Surplus/less Deficit. *** Capital Employed represents Net Fixed Assets plus Working Capital. **** Return on Capital Employed represents percentage of Net Surplus (before appropriation) to Capital Employed.

57 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2. g§McZ n[aUm_ {X. 31 ‘mM© 2019 H$mo g_má {nN>co VrZ dfm] Ho$ {cE _waJm§d nÎmZ Ý`mg Ho$ g§McZ n[aUm_ g§{já _| {ZåZdV h¡& (H$amo‹S> én¶m| ‘|) {ddaU 2016-17 2017-18 2018-19 amOñd n[aMmcZ Am¶ 443.59 425.67 382.68 J¡a n[aMmcZ Am¶ 25.84 26.61 20.01 Hw$c 469.43 452.28 402.69 ì`` n[aMmcZ ì`` 267.98 273.84 259.73 J¡a n[aMmcZ ì`` 142.33 176.24 151.01 Hw$c 410.31 450.08 410.74 AgmYmaU ‘X 72.91 52.45 90.80 Ad{Y nyd© à^ma 0.00 0.00 0.00 H$a go nyd© {Zdc A{Yeof / (KmQ>m) (-)13.79 54.65 (-)98.85 KQ>mBE … H$a hoVw àmdYmZ 0.00 0.00 0.01 Omo{S>E/KQ>mBE … AmñW{JV H$a Xo`VmE§/n[agån{Îm`m§ 9.43 33.45 26.82 Omo{S>E … H$ë`mU {Z{Y VWm Adg§aMZm àma{jV go Amh[aV 0.07 0.07 0.09 {d{Z¶moOZ go nyd© {Zdc A{Yeof / (KmQ>m) (-)23.15 88.17 (-)71.95 KQ>mBE … A{Zdm`© {d{Z¶moOZ/àma{jV {Z{Y Am{X _| A§VaU 0.07 0.07 0.09 gm_mÝ` àma{jV amOñd _| A§V[aV A{Yeof/KmQ>m (-)23.22 88.10 (-)72.04 {ZåZ{c{IV _| {Zdc A{Yeof H$m à{VeV… (i) n[aMmcZ Am¶ (-)5.22 20.71 (-)18.80 (ii) {Zdc AMc n[agån{Îm`m§ (-)4.92 20.04 (-)16.17 (iii) {Zdc _yë` 421.68 47.50 (-)43.66

3. AZwnmV {dícofU (n[aemoYZ VWm F$U emoY j_Vm) nÎmZ Ý`mg H$s n[aemoYZ VWm F$U emoY j_Vm Am¡a {dÎmr` pñW{V Ho$ Hw$N> _hÎdnyU© AZwnmV {ZåZdV Xem©E JE h¡& {ddaU 2016-17 2017-18 2018-19 H$) Mmcy Xo`VmAm| go Mmcy n[agån{Îm`m| H$m à{VeV (àmdYmZm| g{hV) 26.33 24.90 23.69 I) Mmcy Xo`VmAm| go OëX n[agån{Îm`m| H$m à{VeV 19.83 18.03 17.14 J) n[aMmcZ Am` go \w$Q>H$a XoZXmam| H$m à{VeV 13.95 13.84 15.77 K) n§yOr àma{jV Am¡a gm_mÝ` àma{jV AZwnmV na F$U (-)53.92 (-)40.95 (-)17.21 L>) {ZåZ{c{IV _| H$a go nyd© cm^ H$m à{VeV H$) {Zdc _yë` 251.18 29.44 (-)59.99 I) {Z`mo{OV ny§Or 3.67 (-)17.17 24.72 J) n[aMmcZ Am` (-)3.11 12.84 (-)25.83

58 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2. WORKING RESULTS The Working Results of the Mormugao Port Trust for the last three years ending 31st March 2019 are summarised

below: (` in Crore)

Particulars 2016-17 2017-18 2018-19

Revenue Operating Income 443.59 425.67 382.68 Non-operating Income 25.84 26.61 20.01

Total 469.43 452.28 402.69 Expenditure Operating expenditure 267.98 273.84 259.73 Non-operating expenditure 142.33 176.24 151.01 Total 410.31 450.08 410.74 Extra ordinary items 72.91 52.45 90.80 Prior Period charges 0.00 0.00 0.00 Net surplus/(deficit) before tax (-)13.79 54.65 (-)98.85 Less: Provision for Tax 0.00 0.00 0.01 Add/Less: Deferred tax liability/assets 9.43 33.45 26.82 Add: Withdrawn from Welfare Fund and Infrastructure Reserve. 0.07 0.07 0.09 Net surplus/(deficit) before appropriation (-)23.15 88.17 (-)71.95 Less: Mandatory Appropriations, Transfers to Res. Funds, etc. 0.07 0.07 0.09 Surplus/Deficit transferred to General Reserve. (-)23.22 88.10 (-)72.04 Percentage of net surplus to: (i) Operating Income (-)5.22 20.71 (-)18.80 (ii) Net Fixed Assets (-)4.92 20.04 (-)16.17 (iii) Net Worth 421.68 47.50 (-)43.66

3. RATIO ANALYSIS (LIQUIDITY AND SOLVENCY) Some important ratios on liquidity and solvency and on financial health of the Port Trust are shown below: Particulars 2016-17 2017-18 2018-19

a. The percentage of Current Assets to Current Liabilities 26.33 24.90 23.69 (Including Provisions) b. Percentage of Quick Assets to Current Liabilities 19.83 18.03 17.14 c. Percentage of Sundry Debtors to Operating Income 13.95 13.84 15.77 d. Percentage of Debt to Capital Reserve & General (-)53.92 (-)40.95 (-)17.21 Reserve e. Percentage of profit before tax to a) Net Worth 251.18 29.44 (-)59.99 b) Capital Employed 3.67 (-)17.17 24.72 c) Operating Income (-)3.11 12.84 (-)25.83

Sd/- Place: Mumbai (V.S.K. Nampoodiry) Date: 27 September 2019. Deputy Director

59 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

df© 2018-19 Ho$ {cE _waJm§d nÎmZ Ý`mg Ho$ boImAm| na n¥WH$ A§{V‘ coIm-narjm à{VdoXZ na O~m~ ‘gm¡Xm coIm-n[ajm à{VdoXZ / grEOr coIm-narjm à{VdoXZ na H$r JB© H$ma©dmB© {Q>ßn{U¶m±/(E‘nrQ>r) H$. VwcZnÌ 25.34 H$amo‹S> énE H$s am{e Ho$ {cE S>rgrAmB© H$m {Z{Y¶m| H$m AZwà¶moJ Xmdm nÎmZ H$mo ñdrH$ma Zht h¡& S>rgrAmB© Zo Bg ‘m‘co H$mo nmoV n[adhZ ‘§Ìmc¶ Ûmam {Z¶wº$ B§Q>a- H$.1 ñWmB©/ny§Or n[agån{Îm¶m§ Am°aJoZmBOoeZ {S>ñnyQ> [aOmocyeZ H${‘{Q> Ho$ g‘j Mmcy ny§Or H$m¶© - 94.48 H$amo‹S> én¶o (AZwgyMr-2) CR>m¶m& `h _m_cm A^r VH$ AmB©AmoS>tmagr Ho$ nmg Cnamoº$ ‘| df© 2016-17 Ho$ Xm¡amZ àdoe M¡Zb H$mo Jham ~ZmZo Ho$ {bE {H$E c§{~V h¡& Bg{cE ny§Or ì¶¶ Ho$ ‘X²Xo Xo¶Vm d Mmcy JE H$m¶© H$m ‘yë¶ VWm S´o>qOJ H$mnm}aoeZ Am±’$ B§{S>¶m {b{‘. ìXmam àñVwV {~b ny§Or H$m¶© H$mo H$_ Zht {XIm¶m J¶m h¡& Ho$ 25.34 H$amoS> énE em{‘b Zht h¡ & BgHo$ H$maU ny§OrJV ì¶¶ Ho$ ‘Ôo Mmby ny§Or H$m¶© Am¡a Xo¶VmAm| H$mo 94.48 H$amoS> énE H$‘ {XIm¶m J¶m h¡ & Bgo {XZm§H$ 31/03/2019 VH$ Ho$ VwcZnÌ VWm hmbm§{H$ Cnamoº$ A{^‘Vmo Ho$ ~mao ‘| boIm narjm Zo df© 2016-17 go gy{MV {XZm§H$ 31/03/2019 H$mo g_má df© Ho$ {cE cm^ {H$¶m Wm naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡& VWm hm{Z coIm Ho$ ^mJ Ho$ én _| {Q>ßn{U`m| Ho$ ZmoQ> g§. 16 _| Xem©`m J`m h¡&

H$.2 {Zdoe (AZwgyMr-3) B©Eb ZH$XrH$aU {Z{Y - {Zdoe 17.31 H$amoS> énE (AZwgyMr-3) B©Eb ZH$XrH$aU {Z{Y ‘| eof 64.73 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo coIm narjm A{^‘V VÏ¶mË‘H$ h¡& bm¡h A¶ñH$ {Zdoe ‘mÌ 17.31 H$amoS> énE ahm {Oggo 47.42 H$amoS> énE H$m KmQ>m hþAm& ¶mVm¶mV na amoH$ VWm KmQ> g§. 6 d 7 na H$mo¶bo hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2015 -16 go Xem©¶r h¡ naÝVw nÎmZ H$s g§^bmB© na OrEgnrgr~r Ûmam bJmE JE à{V~§Y à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡ & gmW hr {Zdoe ‘| AmE A§Va Ho$ H$maU nÎmZ, dV©‘mZ ‘| H$m’$s {dÎmr¶ g§H$Q> go H$mo nyam H$aZo Ho$ {bE nÎmZ Zo H$moB© àñVmd Zht ~Zm¶m h¡ & JwOa ahm h¡& ¶X¶{n nÎmZ H$s ZmOyH$ {dÎmr¶ pñW{V Ho$ ~mdOyX nÎmZ Zo df© 2018-19 Ho$ Xmdm| Ho$ A{V[aº$ {dÎmr` df© 2018-19 _| B©Ec ZH$XrH$aU Ho$ _X²Xo 5 H$amo‹S> én`o H$m A§eXmZ {H$¶m h¡& nÎmZ H$s {dÎmr¶ pñW{V ‘| gwYma hmoZo na Bg H$‘r H$mo nyam {H$¶m OmEJm&

H$.3 Mmby n[agån{Îm¶m§ F$U VWm A{J«‘ - 262.23 H$amoS> énE (AZwgyMr-4) ’w$Q>H$a XoZXma - 60.36 H$amoS> énE Bg‘| 7.26 H$amoS> énE em{‘b h¡ Omo df© 2017-18 Am¡a 2018-19 Ho$ {bE doB{e{c go àmß¶ Xo¶VmAmo Ho$ ‘Ôo E‘nrQ>r Zo doB§{e{c nÅ>m {H$am¶m, {db§{~V ^wJVmZ na ã¶mO, doB§{e{b na bJmE JE A{YH«$‘U Ho$ aoOmoë¶yeZ àmo’o$eZc H$mo Xmdm àñVwV {H$¶m h¡& à^mam| Ho$ ‘Ôo ‘ogg© doñQ>Z© B§{S>¶m {en¶m©S> {b{‘Q>oS> (doB§{e{b) go Xo¶ h¡& Cnamoº$ H$mo XoIVo hþE VWm ‘§Ìmc¶ Ho$ {ZXoem| Ho$ ‘mZZr¶ ZoeZb H§$nZr bm± {Q´>ã¶yZb (EZgrEbQ>r) Zo emoYZm Aj‘Vm Am¡a AZwgma g^r XoZXmar nyar ‘mZr OmE& {Xdmbm g§{hVm, 2016 H$s Ymam-14 Ho$ VhV A{YñWJZ Kmo{fV {H$¶m (12 {Xg§~a, 2017) {OgHo$ VhV doB§{e{b H$s {H$gr ^r n[agån{Îm H$mo hñVm§V[aV, {d„§J‘, AÝ¶g§H«$m{‘V AWdm {ZnQ>mZo go E‘nrQ>r na à{V~§Y bJm¶m J¶m & AV… ‘ogg© doB§{e{b go 7.26 H$amoS> énE H$s dgybr {Z{üV Zht h¡ Am¡a BÝh| àmdYm{ZV {H$¶m OmZm Mm{hE Wm & Bggo XoZXmam| H$mo Cgr hX VH$ A{YH$ Am¡a àmdYmZm| H$mo H$‘ {XIm¶m J¶m h¡& hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2017 -18 go Xem©¶r h¡ naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡&

60 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

REPLY TO SEPARATE AUDIT REPORT ON THE ACCOUNTS OF MORMUGAO PORT TRUST FOR THE YEAR 2018-19

Action Taken Notes on Final Audit Report/CAG Audit Report/(MPT)

A. BALANCE SHEET The claim of DCI amounting to ` 25.34 Application of funds crore was not accepted by the Port. DCI A.1 Fixed/Capital Assets has raised this issue with the inter Organization Dispute Resolution Capital Work-in-Progress - 94.48 crore (Schedule 2) ` Committee appointed by Ministry of The above does not include ` 25.34 crore being the value of work Shipping. The matter is still pending with done and bill raised by the Dredging Corporation of India Ltd., for IODRC. Hence there is no under- deepening of the approach channel during the year 2016-17. This statement of Capital Work-in-Progress has resulted in understatement of Capital work-in-progress and and Liabilities towards Capital expenses. Liabilities towards Capital Expenses by ` 94.48 crore. Though the above observation is being pointed out by Audit since The disclosure of the same is made at 2016-17, the same is yet to be rectified by the Port Management. Note No: 16 of the Notes forming part of the Balance Sheet as on 31.03.2019 and the Profit and Loss accounts for the year ended 31.03.2019.

A.2 Investments (Schedule 3) EL Encashment Fund- Investment - ` 17.31 crore (Schedule-3) The Audit observation is factual. The Port As against the total Fund Balance of ` 64.73 crore in the EL is currently undergoing through a severe Encashment Fund, the investment was ` 17.31 crore only, resulting financial crisis due to ban on iron ore traffic in a deficit of ` 47.42 crore. and the limits imposed by GSPCB on handling of coal at berth no. 6 & 7. Despite, Though the shortfall in Investment is being pointed out by Audit of the poor financial position, the Port has since 2015-16, the same is yet to be rectified by the Port contributed ` 5 crores towards EL Management. Further, the Port has not framed any proposal for Encashment Fund in addition to the claims meeting the gap in investment. of 18-19 during the financial year 2018-19. Shortfall will be made good on improvement in the Port’s financial position.

A.3 Current Assets, Loans and Advances- ` 262.23 crore (Schedule 4) Sundry Debtors - ` 60.36 crore This includes an amount of ` 7.26 Crore due towards Lease rent, MPT has already submitted the claim to Interest on delayed payment, encroachment charges levied on WISL Resolution Professional of WISL towards from M/s Western India Shipyard Ltd. (WISL) for the years 2017- the dues receivable from WISL. In view 18 and 2018-19. The Hon’ble National Company Law Tribunal of the above and Ministry’s direction all (NCLT) declared (12 December 2017) a moratorium under section debtors are to be considered as good. 14 of the Insolvency & Bankruptcy Code, 2016 restricting MPT from transferring, encumbering, alienating or disposing of any WISL assets. Therefore the recovery of ` 7.26 crore from M/s WISL is not certain and the same should have been provided for. This has resulted in over statement of Debtors and understatement of provisions to the same extent. Though this is being pointed out by Audit since 2017-18, the same is yet to be rectified by the Port Management.

61 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

H$.4 Mmcy Xo¶VmE§ VWm àmdYmZ H$.4.1 Mmcy Xo¶mVE§ - 1049.28 H$amo‹S> énE Cnamoº$ ‘¢ {ZåZ{c{IV em{‘c Zht h¡ … (i) empñV ã¶mO Ho$ A{YË¶OZ Ho$ {cE nVZ Zo (i) OyZ, 2007 go ‘mM©, 2019 VH$ H|$Ðr¶ Am¡Km¡{JH$ gwajm ~b ìXmam ¶h ‘m‘cm nmoV n[adhZ ‘§Ìmc¶ H$mo g§X{^©V {H$¶m Xr JB© godmAm| Am¡a CnH$aU H$s bmJV Ho$ g§~§Y ‘| {db§{~V ^wJVmZ h¡& grAmB©EgE’$ Zo A{YË¶OZ na {ZU©¶ Zht na empñV ã¶mO Ho$ ‘Ôo CZHo$ ìXmam àñVwV {~b Ho$ 17.21 H$amoS> énE {c¶m h¡ ³¶m|{H$ ‘w»¶ Xo¶VmE§ A^r VH$ ~H$m¶m h¡& em{‘b Zht h¡& Bggo Xo¶VmAm| Am¡a KmQ>o H$mo 17.21 H$amoS> énE H$‘ Xo¶VmAm| H$s A§{V‘ {H$íV {gVå~a, 2018 ‘| {XIm¶m J¶m h¡ & ^wJVmZ H$s JB©& My±H$s nÎmZ Zo empñV ã`mO Ho$ hmbm§{H$ Am{^‘Vm| H$mo boIm narjm Zo df© 2014-15 go gy{MV {H$¶m A{YË`OZ H$s _m§J H$s h¡, Bg{cE Mmcy Xo`VmAm| h¡, naÝVw nÎmZ à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡& VWm àmdYmZ Ho$ VhV H$moB© àmdYmZ Zht {H$`m J`m h¡&

(ii) Aºy$~a, 2009 go {Xg§~a, 2017 VH$ g§¶wº$ én go H$s JB© Om§M Ho$ (ii) Aºy$~a 2009 go {Xg§~a 2017 Ho$ Xm¡amZ AmYma na H${‘¶m|/j{V VWm ‘aå‘V H$s bmJV Ho$ ‘Ôo X{jU n{ü‘ d¡JZ B§Q>aM¢O H$s j{V VWm H${‘¶m| Ho$ ‘Ôo 14.12 aobdo {b{‘Q>oS> (EgS>ãë¶yAmaEb²) Ûmam à^m[aV 14.12 H$amoS> énE H$amo‹S> énE H$m Xmdm nÎmZ H$mo ñdrH$m¶© Zht h¡ em{‘b Zht h¡& BgHo$ H$maU Mmby Xo¶VmE§ VWm àmdYmZ Am¡a KmQ>o H$mo ³¶m|{H$ 90% go A{YH$ d¡JZ cXmZ {gcmo Ho$ 14.12 H$amoS> énE H$s gr‘m VH$ H$‘ {XIm¶m J¶m h¡ & _mÜ`_ go {H$¶m OmVm h¡ Am¡a d¡JZ H$mo j{V hmbm§{H$ A{^‘Vm| H$mo boIm narjm Zo df© 2015-16 go CR>m¶m h¡ naÝVw nhþ±MZo H$s g§^mdZm hr Zht h¡& gmW hr d¡JZm| H$m Bg‘| nÎmZ à~§YZ Ûmam gwYma {H$¶m OmZm ~mH$s h¡& BñVo‘mc nÎmZ à¶moº$mAm| Ûmam {H$¶m OmVm h¡ Am¡a nÎmZ à¶moº$mAm| Ho$ {cE ‘mÌ YwcmB© godmE§ àXmZ H$aVm h¡& AV… Bgo nÎmZ à¶moº$mAm| go dgyc {H$¶m OmZm h¡& Mmcy Xo¶VmAm| VWm àmdYmZm| Ho$ VhV H$moB© àmdYmZ Zht {H$¶m J¶m h¡& Bgo coImAm| H$s {Q>ßn{U¶m| ‘| Xem©¶m J¶m h¡&

(iii) ‘B©, 2002 go {Xg~§a, 2016 VH$ X{jU n{ü‘ aobdo {b{‘Q>oS> (iii) boIm narjm H$mo {XE JE Odm~ Ho$ AZwgma (EgS>ãë¶yAmaEb²) H$mo Xo¶ doJZ {H$am¶m à^mam| Ho$ ‘Ôo 7.05 H$amoS> nÎmZ, EgS>ãë¶yAma Am¡a nÎmZ à¶moº$mAm| Ho$ ~rM énE em{‘b Zht h¡& ‘Ü¶ñW h¡& nÎmZ, d¡JZ {H$am¶m à^ma nÎmZ My§{H$ godmE§ br MwH$s h¡ Am¡a à~§YZ Zo Xo¶ am{e H$m àm¸$bZ {H$¶m à¶moº$mAm| go dgyb H$a CÝh| EgS>ãë¶yAma H$mo ^oO h¡, Xo¶Vm H$s nhMmZ H$s OmZr Wr Mmho EgS>ãë¶yAmaEb² go nwï>rH$aU XoVm h¡& Eogo ‘| nÎmZ Ho$ boImAm| ‘| H$moB© Xo¶Vm àmá Z hþAm hmo, O¡gm {H$ ZmoQ> g§. 15(i) ‘| C{„pIV h¡ & Zht h¡& Bg{bE nÎmZ Ho$ boImAm| ‘| H$moB© àmdYmZ BgHo$ H$maU Mmby Xo¶VmE§ VWm àmdYmZ Am¡a KmQ>o H$mo 7.05 H$amoS> énE Zht {H$¶m J¶m h¡& ¶{X nÎmZ H$mo ì¶¶ XO© H$aZm H$s gr‘m VH$ H$‘ {XIm¶m J¶m h¡ & h¡ Vmo nÎmZ à¶moº$mAm| go dgybr JB© aH$‘ H$mo nÎmZ Ho$ amOñd Ho$ én ‘| boIm~ÜX H$aZm hmoJm Omo ghr Zht h¡& A§V: d¡JZ {H$am¶m à^mam| Ho$ {bE àmdYmZ boIm~ÜX Zht {H$¶m Om gH$Vm h¡& I. cm^ VWm hm{Z coIm I.1 Am¶ I.1.1 Zm¡^ma g§^cmB© VWm ^ÊS>maU à^ma - 119.14 H$amo‹S> énE (AZwgyMr-5) EgS>ãë¶ynrEb VWm EE‘nrQ>rEb Ho$ am¶ëQ>r n[aH$bZ nÎmZ VWm JmoXr à^ma (nm¶cQ>oO ewëH$ g{hV) - 131.57 H$amo‹S> g§~§Yr g^r [aH$mS>© {Og‘| boImnarjm~ÜX {dÎmr¶ énE (AZwgyMr-6) {ddaU em{‘b Zht h¡, boIm narjm H$mo CnbãY H$amE JE& EE‘nrQ>rnrEb Ho$ g§~§Y ‘| àW‘ Bg‘| df© 2018-19 Ho$ {bE ‘ogg© gmD$W doñQ> nmoQ>© {b{‘Q>oS> (EgS>ãbynrEb) AY©dm{f©H$ boImAm| H$mo àñVwV {H$¶m J¶m& go àmá 19.09 H$amoS> énE H$s am°¶ëQ>r VWm ‘ogg© AXmUr ‘mo‘w©Jm§d nmoQ>© Q>{‘©Zb EE‘nrQ>rnrEb Zo {ÛVr¶ AY©dm{f©H$ boImAm| A~

62 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

A.4 Current Liabilities and Provisions A.4.1 Current Liabilities- ` 1049.28 crore Above does not include: (i) ` 17.21 crore towards bill raised by Central Industrial (i) Port has taken up with Ministry of Security Force towards penal interest on delayed payment Shipping for waiver of penal interest. on cost of equipment and service provided by them from CISF has not considered waiver since June 2007 to March 2019. This has resulted in principal dues were outstanding. The last understatement of Liabilities and understatement of deficit installment of dues is paid in September by ` 17.21 crore. 2018. Since, the Port has sought waiver of the penal interest, same has not been Though the observation is being raised by Audit since provided under Current Liabilities and 2014-15, the same is yet to be rectified by the Port Provisions. Management.

(ii) ` 14.12 crore being cost of deficiencies /damages and (ii) The claim of ` 14.12 crores towards repairs charged by South Western Railways Limited damages and deficiencies on wagons (SWRL) based on joint inspections conducted from October interchanged between October 2009 to 2009 to December 2017. This has resulted in December 2017 is not acceptable to the understatement of Current Liabilities & Provisions and Port as more than 90% of the wagon loading understatement of Deficit to the extent of ` 14.12 Crore. is done through SILO and hence, there is hardly any possibility of wagon damage. Though the observation is being raised by Audit since Also, the wagons are used by the Port users 2015-16, the same is yet to be rectified by the Port and Port only provides haulage services to Management. the users and hence, the same has to be recovered from the Port users. Therefore, no provision under Current Liabilities and provisions has been made. This has been disclosed in notes to Accounts.

(iii) ` 7.05 crore being the Wagon hire charges payable to (iii) As already replied to Audit, Port is South Western Railways (SWRL’s) from May 2002 to merely intermediary between SWR & Port December 2016. Users. Port is collecting Wagon Hire Charges from Port Users and same is As the services were already availed and Management passed on to SWR there is no liability on has estimated the amount payable, the liability should have Port’s account. Hence no provision is made been recognized notwithstanding the non-receipt of on Port’s account. If Port has to book confirmation from SWRL, as mentioned in Note No. 15(i). expenditure for the same then the amount This has resulted in understatement of Current Liabilities collected from the Port users has to be & Provisions and understatement of Deficit to the extent accounted as Port’s revenue which is not of ` 7.05 crore. correct. Therefore provision for Wagon Hire Charges cannot be accounted.

B. PROFIT AND LOSS ACCOUNT B.1 Income B.1.1 Cargo Handling and Storage Charges - ` 119.14 crore All records related to Royalty calculation (Schedule 5) of SWPL and AMPTPL are made Port & Dock Charges (Including Pilotage Fees) - ` 131.57 available to audit except audited crore (Schedule 6) Financial statements. In case of AMPTPL first half yearly accounts are This includes ` 19.09 crore being royalty received from M/s South submitted. AMPTPL now submitted West Port Limited (SWPL) and ` 24.58 crore received from M/s

63 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

àmB©doQ> {b{‘Q>oS> (EE‘nrQ>rnrEb) go 24.58 àmá H$amoS> énE H$s am°¶ëQ>r em{‘b àñVwV {H$¶m h¡, Omo g§b¾ h¡& EgS>ãë¶ynrEb Ho$ h¡& H$ÝgoeZ H$ama Ho$ IÊS> 9.4 Ho$ AZwgma H$ÝgoeZa (EE‘nrQ>rnrEb) àË¶oH$ df© g§~§Y ‘| dm{f©H$ boIm àñVwV H$aZo Ho$ {bE nmQ>u go {XZm§H$ 30 {gVå~a VWm 31 ‘mM© H$mo g‘má hmoZodmbr N>‘mhr Ad{Y Ho$ {bE gH$b AZwamoY {H$¶m J¶m h¡, Omo boImAm| na A§{V‘ amOñd H$s {dÎmr¶ {ddaUr E‘nrQ>r H$mo àñVwV H$aoJm Omo {H$ CZHo$ gm§{d{YH$ boIm {dMma H$a|Jo & Ohm§ VH$ ‘ogg© EE‘nrQ>rnrEb H$s {deof boIm narjm H$m g§~§Y h¡, df© 2017-18 narjH$m| ìXmam ¶WmdV à‘m{UV hmoJm& H$ÝgoeqZJ àm{YH$mar (E‘nrQ>r) Ho$ nmg ¶h H$m {deof boIm narjm nyar hmo MwH$s h¡ Am¡a df© {dH$ën hmoJm {H$ do gH$b amOñd H$s {deof boIm narjm H$aZo Ho$ {bE AnZr bmJV 2018-19 Ho$ {bE {deof boIm narjH$ H$s {Z¶w{º$ na A{V[aº$ boImnarjH$ H$s {Z¶w{º$ H$a|& EgS>ãbynrEb Ho$ g~§Y _| H$ÝgoeZa hoVw {Z{dXm à{H«$¶mYrZ h¡ & AWdm {deof boIm narjm Ûmam boIm~ÜX boImAm| Ho$ àñVw{VH$aU na EgS>ãbynrEb Ho$ gmW {H$¶m J¶m bmBg|g H$ama à{V{H«$¶m{hZ h¡ & df© 2018-19 Ho$ {bE ‘ogg© ‘ogg© EgS>ãë¶ynrEb Ho$ ‘m‘bo ‘| ñdV§Ì boIm EE‘nrQ>rnrEb H$s ñdV§Ì boIm narjm Zht H$s JB© h¡ & E‘nrQ>r, EE‘nrQ>rnrEb VWm narjH$ Ho$ {Z¶moOZ d boIm~ÜX boImAm| Ho$ EgS>ãbynrEb ìXmam eo¶a H$s JB© amOñd H$s VÏ¶mË‘H$Vm H$s Om§M H$aZo Ho$ {bE àñVw{VH$aU Ho$ g§~§Y ‘| H$ÝgoeZ H$ama {ZpîH«$¶ h¡& boImnarjH$m| H$mo ‘yb [aH$mS>© àñVwV Zht H$a nm¶m& g§~§{YV [aH$mS>© Z hmoZo Ho$ H$maU hmbm§{H$ boIm narjH$ H$s {Z¶w{º$ hoVw gh‘{V Ho$ {bE g§. g§. grB©/dŠg©-418E/2016/6268 {XZm§H$ EE‘nrQ>rnrEb VWm EgS>ãbynrEb go g§~§{YV 43.67 H$amoS> énE H$s am¶ëQ>r amOñd 25/11/2016 Ho$ VhV EgS>ãë¶ynrEb H$mo nÌ H$s VÏ¶mË‘H$Vm O¡go {H$ boIm~hr ‘| C{„pIV h¡, H$s Om§M Zht H$a nmE& ^oOm J¶m Wm naÝVw {deof boIm narjH$ H$s {Z¶w{º$ Cnamoº$ ‘m‘bm df© 2016-17 go boIm narjm Ûmam gy{MV {H$¶m Om ahm h¡& g§~§Yr àñVmd H$mo CÝhm|Zo AñdrH$ma {H$¶m&

J. AZwXmZ df© 2018-19 Ho$ Xm¡amZ nÎmZ Zo AZwXmZm| Ho$ ê$n ‘| ^maV gaH$ma go 67.09 H$amoS> ê$nE H$s am{e àmá H$s Omo {ZåZmZwgma h¡:- (H$amo‹S> én`m| _|) 1 Aà¡c df© df© {X. 31 H«$_ H«$_ AZwXmZ 2018 2018-19 2018-19 ‘mM©, 2019 g§. VH$ H$m Ho$ Xm¡amZ Ho$ Xm¡amZ VH$ H$m AW eof àm{á¶m§ Cn¶mo{JVm B{V eof ‘X g§: 3 ¶mÌr OoÅ>r H$m {dH$mg: dmñH$mo ImS>r 1 Mma ‘mJu¶ gS>H$ Ho$ {Z‘m©U 0.00 35.00 35.00 0.00 ‘| ¶mÌr OoÅ>r Ho$ {dH$mg Ho$ {bE nÎmZ Zo {XZm§H$ hoVw nmoV n[adhZ ‘§Ìmb¶ go 30/03/2018 H$mo gmJa‘mbm ¶moOZm Ho$ VhV nmoV 2 ñdÀN> ^maV hoVw nmoV 0.00 2.00 2.00 0.00 n[adhZ ‘§Ìmb¶ go 5.00 H$amoS> ê$nE H$m AZwXmZ n[adhZ ‘§Ìmb¶ go àmá {H$`m& 3 ¶mÌt OoQ>r H$m {dH$mg 5.00 0.00 5.00 0.00 Bg {Z{Y H$m BñV‘mb ¶mÌr OoÅ>r Ho$ àñVm{dV 4 ~«oH$ dm°Q>a KmQ> H$mo ‘O~yV ~ZmZm 0.00 6.58 0.08 6.50 {dH$mg ‘| ~mYm ~Zo nmoVmdeof H$mo ôQ>mH$a Zm¡g§MmbZ M¡Zb Ho$ {bE {H$¶m J¶m & 5 gHw©$boeZ g‹S>H$ hoVw gmJa‘mbm 0.00 15.30 15.30 0.00 Ho$ VhV AZwXmZ Zm¡g§MmbZ {Z~m©YVm Ho$ {bE IM© {H$¶m J¶m ì¶¶ 6 Mma‘mJu¶ g‹S>H$ EZEM 17~r 0.00 4.74 4.74 0.00 àñVm{dV ¶mÌr OoÅ>r Ho$ VhV XO© {H$¶m h¡ Am¡a H$m {Z‘m©U g‘wÐr {d^mJ {OgZo ¶h H$m¶© {Zînm{XV {H$¶m h¡, Zo Amdí¶H$ Cn¶mo{JVm à‘mUnÌ àñVwV {H$¶m h¡& 7 2 H«y$O _y[a¨J S>mopë’$Z 0.00 3.47 0.00 3.47 hQ>mZo Ho$ {bE AZwXmZ My§{H$ nmoVmdeof, àñVm{dV ¶mÌr OoÅ>r Ho$ {bE ~mYm Wr, Bg{bE BgHo$ {bE {H$¶m J¶m ì¶¶ ¶mÌr OoÅ>r Hw$b 5.00 67.09 62.12 9.97 n[a¶moOZm H$m hr ^mJ ‘mZm OmVm h¡ Am¡a n[a¶moOZm {Q>ßnUr : nÎmZ Zo df© 2017-18 Ho$ Xm¡amZ gHw©$boeZ g‹S>H$ Ho$ ‘Ôo nÎmZ boIm go 7.03 H$amoS> énE H$s àm¸${bV bmJV VXZwgma {Z¶{‘V H$s OmEJr & IM© {H$E h¡ {Ogo df© 2018-19 Ho$ Xm¡amZ g‘m¶mo{OV {H$¶m J¶m &

64 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

Adani Mormugao Port Terminal Private Limited (AMPTPL) for the audited second half which is enclosed. period 2018-19. As per clause 9.4 of the Concession Agreement, As regards SWPL, party has been the Concessionaire,(AMPTPL) shall submit to Mormugao Port requested to submit annual accounts, Trust (MPT) a financial statement of the Gross Revenue for every SWPL yet to finalize the accounts. As six monthly periods ending 30 September and 31 March every far as conduct of special audit of M/s. year, duly certified by its Statutory Auditors. The Concessioning AMPTPL is concerned, the special audit Authority (MPT) shall at its own cost have the option to appoint for the year 17-18 is completed and the an additional Auditor to conduct a special audit of the Gross tender for appointment of special auditor Revenue. In respect of SWPL, the agreement is silent on for the year 2018-19 is under process. submission of audited accounts by the Concessionaire or Special Audit. Independent audit in respect of M/s AMPTPL for the year In case of M/s. SWPL the concession 2018-19 has not been conducted. MPT could not produce primary agreement is silent on the engagement records to Audit for verifying the correctness of revenue shared of Independent Auditor and submission by AMPTPL and SWPL. In absence of relevant records, Royalty of Audited Accounts. However, letter was Revenue of ` 43.67 crore pertaining to AMPTPL and SWPL as sent to SWPL vide No. CE/WKS-418 A/ reflected in the books of accounts could not be verified by Audit. 2016/6268 dt. 25.11.2016 to give The above matter is being pointed out by Audit since 2016-17. concurrence for appointing auditor. The proposal for appointment of Special auditor has been rejected by M/s. SWPL.

C. GRANTS-IN-AID The Port received an amount of ` 67.09 crore as Grants-in Aid from Government of India during the year 2018-19 as indicated below. (` in crore) Opening Closing Receipts Utilisation Sr. Balance Balance Name of the Grant during during No. as on as on 31 Item No. 3: Development of 2018-19 2018-19 1 April 2018 March 2019 Passenger Jetty. Port received grants of ` 5.00 Crores 1 4 Lane road Port connectivity 0.00 35.00 35.00 0.00 from MOS under Sagarmala scheme on Ministry of Shipping. 30/3/2018 for Development of 2 Grants from Ministry of 0.00 2.00 2.00 0.00 Passenger Jetty at Vasco Bay. Shipping for Swatch Bharat. The fund was utilized for Navigational channel by removal of ship wreck which 3 Development of Passenger 5.00 0.00 5.00 0.00 is coming in way of proposed Jetty. Development of passenger jetty. The expenditure incurred for 4 Strengthening of Break 0.00 6.58 0.08 6.50 Navigational clearance is booked under Water Berth PMT. proposed passenger jetty and necessary 5 Grants for Circulation road 0.00 15.30 15.30 0.00 Utilization Certificate is submitted by under Sagarmala Marine Dept. who have executed the work. 6 Construction of 4 Lane road 0.00 4.74 4.74 0.00 As the ship wreck was an impediment NH 17B to proposed Passenger Jetty, the 7 Grant for removal 2 Nos. 0.00 3.47 0.00 3.47 expenditure towards the same is Mooring Dolphins of Cruise. considered as part of the project of passenger jetty and cost estimate of the Total 5.00 67.09 62.12 9.97 project will be regularized accordingly.

Note: The Port had spent ` 7.03 crore during 2017-18 in respect of Circulation Road from the Ports Account and adjusted during 2018-19.

65 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

boIm n[ajm Zo nm¶m {H$ ¶mÌr OoÅ>r Ho$ {dH$mg (H«$‘ g§ 3) Ho$ {bE AZwXmZ Ho$ g§~§Y ‘| 5 H$amoS> énE H$m àW‘ {H$íV {XZm§H$ 30 ‘mM©, 2018 H$mo àmá hþAm Omo dmñH$mo ImS>r ‘| Zm¡g§MmbZ ~mYmAm| H$mo hQ>mZo Ho$ {bE BñVo‘mb {H$¶m J¶m& hmbm{H$ Zm¡g§MmbZ ~mYmAm| H$mo hQ>mZo H$m H$m¶© AZw‘mo{XV A§{V‘ ì¶dhm¶©Vm [anmoQ>© ‘| 21 H$amoS> énE H$s ny§Or ãbm°H$ bmJV àm¸$bZ ‘| em{‘b Zht {H$¶m J¶m h¡ na§Vw E‘nrQ>r Zo 5 H$amoS> énE H$s am{e ""df© 2018- 19 Ho$ Xm¡amZ Cn¶mo{JVm'' Ho$ A§VJ©V Xem©¶r h¡& BgHo$ {bE nmoV n[adhZ ‘§Ìmb¶ H$m AZw‘moXZ àmá Zht {H$¶m J¶m h¡&

K. gm‘mÝ¶ K.1 n|ÝeZ Q´>ñQ> {Z{Y H$m VwbZnÌ - {Zdoe - 777.87 H$amoS> énE n|ÝeZ Q´>ñQ> {Z{Y ‘| eof 1585.36 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo {Zdoe boIm narjm A{^‘V VÏ¶mË‘H$ h¡& ¶X¶{n nÎmZ 777.87 H$amoS> énE ahm {Oggo 807.49 H$amoS> énE H$ KmQ>m hþAm& H$s {dÎmr¶ pñW{V Ho$ H$maU n|ÝeZ d J«oÀ¶wQ>r {Z{Y ‘| g‘Vwë¶ {Zdoe Zht {H$¶m J¶m h¡& nÎmZ H$s hmbm§{H$ {Zdoe ‘| H$‘r boIm narjm Zo df© 2015 -16 go Xem©¶r h¡ naÝVw nÎmZ {dÎmr¶ pñW{V ‘| gwYma hmoZo na Bg H$‘r H$mo nyam à~§YZ ìXmam Bg‘| gwYma {H$¶m OmZm ~mH$s h¡ & gmW hr {Zdoe ‘| AmE A§Va H$mo {H$¶m OmEJm & bm¡h A¶ñH$ ¶mVm¶mV na amoH$ VWm nyam H$aZo Ho$ {bE nÎmZ Zo H$moB© àñVmd Zht ~Zm¶m h¡& KmQ> g§. 6 d 7 na H$mo¶bo H$s g§^bmB© na K.2 J«oÀ¶wQ>r Q´>ñQ> {Z{Y H$m VwbZnÌ - {Zdoe - 45.88 H$amoS> énE OrEgnrgr~r Ûmam bJmE JE à{V~§Y Ho$ H$maU J«oÀ¶wQ>r Q´>ñQ> {Z{Y ‘| eof 94.23 H$amoS> énE H$s Hw$b {Z{Y Ho$ ‘wH$m~bo {Zdoe nÎmZ, dV©‘mZ ‘| H$m’$s {d{Îm¶ g§H$Q> go JwOa ahm h¡& nÎmZ H$s ZmOyH$ {dÎmr` pñW{V Ho$ ~mdOyX nÎmZ 45.88 H$amoS> énE ahm {Oggo 48.35 H$amoS> énE H$s H$‘r Am¶r h¡& Zo df© 2018-19 Ho$ Xm¡amZ n|ÝeZ Q´>ñQ> {Z{Y Ho$ hmbm§{H$ df© 2015-16 Ho$ ~mX {Zdoe ‘| H$‘r AmB© Wr, nÎmZ à~§YZ Zo H$moB© ^r ‘Ôo 25 H$amoS> én¶o Am¡a J«oÀ¶wQ>r Q´>ñQ> {Z{Y Ho$ ‘Ôo gwYmamË‘H$ H$ma©dmB© Zht H$s& BgHo$ Abmdm {Zdoe Ho$ A§Va H$mo H$‘ H$aZo Ho$ {bE 12.96 H$amoS> én¶o (18-19 Ho$ Xmdm| Ho$ A{V[aº$) nÎmZ Zo H$moB© ^r àñVmd Zht ~Zm¶m h¡& H$m A§eXmZ {H$¶m h¡ & AV: nÎmZ {Zdoe Ho$ A§Va H$mo H$‘ H$aZo Ho$ {b¶o gM‘wM hr à¶mgaV h¡& L>. à~§YZ nÌ H${‘¶m§, Omo n¥WH$ boIm narjm [anmoQ>© ‘| em{‘b Zht h¡ CÝh| à~§YH$ nÌ, Omo {H$ {ZdmaH$/gwYmaH$ H$ma©dmB© hoVw AbJ go Omar {H$¶m J¶m h¡, Ho$ ‘mÜ¶‘ go nÎmZ H$mo gy{MV {H$¶m h¡ & (v) nyd© n¡amAm| ‘| h‘mar {Q>ßn{U¶m| Ho$ AYrZ h‘ [anmoQ>© H$aVo h¡ {H$ Bg [anmoQ>© ‘| {X¶m J¶m VwcZnÌ VWm cm^ d hm{Z coIm, coIm ~hr go ‘oc ImVo h¡& (vi) h‘mao {dMma go VWm h‘mar gdm}Îm‘ OmZH$mar VWm h‘| {XE JE ñnï>rH$aU Ho$ AZwgma coIm{d{Y Zr{V¶m| VWm coIm na {Q>ßn{U¶m| Ho$ gmW n{R>V Am¡a Cnamoº$ ‘hËdnyU© ‘m‘cm| VWm Bg coIm narjm [anmoQ>© Ho$ n[a{eï>-I ‘| C{„{IV AÝ¶ ‘m‘cm| Ho$ AYrZ {dÎmr¶ {dda{U¶m§ ^maV ‘| gm‘mÝ¶V¶m ñdrH¥$V coIm{d{Y {gÕmÝVm| Ho$ AZwê$n ghr VWm R>rH$ h¡& (H$) ¶h {XZm§H$ 31 ‘mM©, 2019 VH$ Ho$ ‘waJm§d nÎmZ Ý¶mg Ho$ H$m¶©H$cmnm| Cnamoº$ ñnï>rH$aU H$mo XoIVo hþE VwbZnÌ VWm bm^ Ho$ VwcZnÌ go g§~§{YV h¡; VWm d hm{Z boIm ghr h¡& (I) ¶h Cg VmarI H$mo g‘má df© Ho$ {cE cm^ g§~§Yr cm^ VWm hm{Z coIm go g§~§{YV h¡& {X. 31 ‘mM©, 2019 H$mo g‘má {nN>co VrZ dfm] Ho$ {cE ‘waJm§d nÎmZ Ý¶mg Ho$ g§{já {dÎmr¶ n[aUm‘m| H$mo Xem©Zodmcr coIm g‘rjm n[a{eï>-II ‘| àñVwV h¡&

66 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

The Audit observations are factual. D. GENERAL However, due to financial position of the D.1 Balance Sheet of Pension Trust Fund - Investment - ` 777.87 crore Port, equivalent investments have not As against the total Fund Balance of ` 1585.36 crore in the been made towards Pension & Gratuity Pension Trust Fund, the investment is ` 777.87 crore resulting in Fund. The shortfall will be made good a deficit of ` 807.49 crore. on improvement in the Port’s financial Though the shortfall in Investment is being pointed out by Audit position. The Port is currently going since 2015-16, the same is yet to be rectified by the Port through a severe financial crisis due to Management and the Port has not yet framed any proposal for ban on iron ore traffic and the limits meeting the gap in investment. imposed by GSPCB on handling of coal at berth no. 6 & 7. Despite, of the poor D.2 Balance Sheet of Gratuity Trust Fund – Investment - ` 45.88 crore financial position, the port has contributed As against the total Fund Balance of ` 94.23 crore in the Gratuity ` 25 crores towards Pension Trust Fund Trust Fund the investment is ` 45.88 crore resulting in a shortfall and ` 12.96 crores (in addition to the of ` 48.35 crore. claims of 18-19) towards Gratuity Trust Though the shortfall in Investment is being pointed out by Audit Fund during financial year 2018-19. since 2015-16, the same is yet to be rectified by the Port Hence, the port has been sincerely trying Management and the Port has not yet framed any proposal for to reduce this gap in investments. meeting the gap in investment.

E. MANAGEMENT LETTER Deficiencies which have not been included in the Separate Audit Report have been brought to the notice of the Trust through a Management Letter issued separately for remedial/ corrective action. (v) Subject to our observations in the preceding paragraphs, we report that the Balance Sheet and Profit and Loss Account dealt with by this report are in agreement with the books of accounts. (vi) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements read together with the Accounting policies and Notes to Accounts, and subject to the significant matters stated above and other matters mentioned in Annexure-I to this Audit Report give a true and fair view in conformity with accounting principles generally accepted in India, (a) In so far as it relates to Balance Sheet, of the state of affairs of the Mormugao Port Trust as at 31 March 2019; and (b) In so far as it relates to Profit and Loss Account, of the Loss for the year ended on that date. A Review of Accounts showing the summarized financial results of Mormugao Port Trust for the last three years ending 31 March 2019 is given in Annexure - II.

67 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

n[a{eï> I

1. Am§V[aH$ coIm narjm àUmcr H$s n`m©áVm nmoV n[adhZ ‘§Ìmb¶ Ho$ {ZX}emZwgma nÎmZ Zo Am§V[aH$ boIm narjm Ho$ {bE MmQ>©S>© ‘§Ìmb¶ Ho$ {ZX}emZwgma nÎmZ Zo ‘ogg© nr. ~r. EH$mD$§Q>§Q²g Ho$ ’$‘© H$s {Z¶w{º$ H$s& H$m¶© n[a{Y ‘| g^r ZH$X VWm ~¢H$ g§åì¶dhmam| Xoenm§S>o EÊS> H§$nZr. grE H$mo Aà¡b, 2015 go H$m gË¶mnZ, nÎmZ Xa‘mZm| H$s nw{ï> g{hV amOñd boIm narjm nÎmZ Ûmam Xr Om ahr Am§V[aH$ boIm narjH$ Ho$ én ‘o {Z¶wº$ {H$¶m h¡& godmAm| Ho$ {bE ~ZmE JE g^r àH$ma Ho$ {~bm| H$m gË¶mnZ Am{X em{‘b h¡& nÎmZ boIm narjH$m| Zo {dÎmr¶ df© 2018-19 H$s Mm¡Wr H$mo {V‘mhr AmYma na AnZr Am§V[aH$ boIm narjm [anmoQ>© Ý¶mgr ‘§S>b Ho$ g‘j àñVwV {V‘mhr H$s boIm narjm nyar H$s h¡ {Ogo AJñV H$aZr hmoVr h¡& à~§YZ Zo df© 2018-19 Ho$ {bE Am§V[aH$ boIm narjm H$s ‘mÌ nhbr, 2019 ‘| ‘§S>b ~¡R>H$ ‘| àñVwV {H$¶m J`m& Xÿgar Am¡a Vrgar {V‘mhr [anmoQ>© Ý¶mgr ‘§S>b Ho$ g‘j àñVwV H$s h¡ d Mm¡Wr [anmoQ>© V¡¶ma H$s Om ahr h¡(OwbmB© 2019)& ¶h àe§gZr¶ h¡ {H$ Am§V[aH$ boIm narjH$m| ìXmam {XE JE A{^‘Vm¡ na {dMma H$a Amdí¶H$ H$ma©dmB© H$s JB© h¡& ¶h ZmoQ> {H$¶m OmZm h¡ {H$ boIm narjm [anmoQ>m] na àemgZ Ho$ Cƒ ñVa na MMm© H$s OmVr h¡ Vm{H$ {ZdmaH$ VWm gwYmaH$ H$ma©dmB© H$s Om gHo$& AV: df© 2018-19 Ho$ Xm¡amZ nÎmZ ‘| 2. Am§V[aH$ {Z`§ÌU àUmcr H$s n`m©áVm Am§V[aH$ boIm narjm àUmbr H$m’$s à^mdr ahr& Am§V[aH$ {Z¶§ÌU àUmcr H$mo {ZåZ Ho$ H$maU ‘O~yV H$aZo H$s Amdí¶H$Vm h¡… i) hmbm§{H$ gm‘mZ gyMr Ho$ g§~§Y ‘| ‘hËdnyU© boImH$aU Zr{V¶m§ ~ZmB© JB© h¡, ßdmB§Q> g§.(i) go (iii) Ho$ VhV boIm narjm Ûmam E‘nrQ>r Ho$ àmnU ‘¡Ý¶wAb I§S> 10.3.3(i) Ho$ AZwgma gm‘mZ gyMr Ho$ {d{^Þ Adgam| na CR>mB© JB© {d{eï> ‘m§J na nÎmZ g§^m{dV Cn¶moJ H$mb Ho$ ‘yë¶m§H$Z Ho$ g§~§Y ‘| BZHo$ {bE bmJy ‘mnX§S>m| H$mo Zo {dñV¥V {Q>ßn{U¶m àñVwV H$s h¡& Am¡a n[aîH¥$V H$aZo H$s Amdí¶H$Vm h¡& n[ag§n{Îm H$s bmJV Ho$ ‘Ôo A§{V‘ {~b ~ZmZo Am¡a ii) {nN>bo df© à~§YZ Zo AmœñV {H$¶m Wm {H$ XrK©H$mb Ho$ {bE Cn¶moJ H$s JB© àMmbZ {d^mJ Ûmam H$m¶© g‘m{á à‘mUnÌ Omar n[ag§n{Îm¶m| H$mo {dÎmr¶ [anmo{Qª>J Ho$ gm‘mÝ¶ Om§M H$s Amdí¶H$Vm AZwgma ¶h nVm H$aZo Ho$ {bE nwZar{jV {H$¶m OmEJm {H$ n[ag§n{Îm¶m| H$m H$moB© õmg hþAm H$aZo Ho$ ~mX hr n[ag§n{Îm H$mo ny§OrH¥$V {H$¶m OmVm h¡ ¶m Zht na§Vw ¶h nm¶m J¶m {H$ n[ag§n{Îm¶m| Ho$ õmg H$m nVm H$aZo Ho$ {bE h¡& à~§YZ Zo narjU Zht {H$¶m& iii) H$m¶© g‘m{á à‘mUnÌ H$s AZwnbãYVm Ho$ H$maU n[ag§n{Îm¶m| Ho$ ny§OrH$aU ‘| {db§~ hþAm& Bg g§~§Y ‘| CXmhaU {ZåZdV h¡:- ‘waJm§d nÎmZ Ý¶mg ‘| B§Q>Z© BbopŠQ´>H$ëg g{hV {g¾qbJ {~pëS§>J {Z‘m©U H$m¶© (6.28 H$amoS> énE) VWm aobdo ZoQ>dH©$ hoVw Eg EÊS> Q>r àUmbr H$m¶© (8.35 H$amoS> énE) df© 2018- 19 Ho$ Xm¡amZ nyam hmo MwH$m h¡ Am¡a {XZm§H$ 20-04-2018 go BgH$m àMbZ ewê$ hþAm& na§Vw g§~§{YV {d^mJ go H$m¶© g‘m{á à‘mU nÌ àmá Zht hþAm ¶h ~VmVo hþE n[ag§n{Îm¶m| H$mo ny§OrH¥$V Zht {H$¶m J¶m& ßdmB§Q> g§. (iv) Ho$ VhV boIm narjm Ûmam {d{^Þ iv) My§{H$ àmá AZwXmZ Ho$ {bE AbJ boIm Zht h¡ Am¡a Bgo gm‘mÝ¶ {Z{Y ‘| Adgam| na CR>mB© JB© {d{eï> ‘m§J na nÎmZ Zo em{‘b {H$¶m OmVm h¡, IM© {H$E JE AZwXmZ na A{O©V ã¶mO H$m ‘yë¶m§H$Z {H$E {~Zm Bgo gaH$ma Ho$ ImVo ‘| AJ«o{fV {H$¶m OmVm h¡& {dñV¥V {Q>ßn{U¶m àñVwV H$s h¡ &

68 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

ANNEXURE I

1. Adequacy of Internal Audit System As per the directives of Ministry of Shipping, the Port has appointed Port has appointed M/s. P.B. Deshpande a firm of Chartered Accountants for Internal Audit. The scope of & Co., CA as Internal Auditors from April, work includes verification of all cash and bank transactions, revenue 2015 as per the directives of the Ministry. audit in confirmation with Port’s Scale of Rates, verification of all The Auditors have completed audit of types of bills raised for the services provided by the Port, etc. The 4th quarter for the Financial year 2018- Port has to place the Internal Audit Report before the Board of 19 and was placed in the Board Meeting Trustees on a quarterly basis. The Management has placed only of August, 2019. the first, second and third quarterly reports of Internal Audit for the It may be appreciated that the year 2018-19 before the Board of Trustees and the fourth report observations made by the Internal was under preparation (July 2019). Auditors were considered and necessary actions are taken. It is to be noted that audit reports are discussed at highest level of administration to take preventive and corrective actions. Therefore, the Internal Audit System is very effective in Port during the year 2018-19. 2. Adequacy of Internal Control System Internal Control System requires strengthening as there is :- i) Though significant accounting policy regarding Inventory is Elaborate comments are provided by the formulated, criteria applied to the same requires further refinement Port on the issues raised under point with respect to assessment of expected useful life of inventory No. (i)to (iii) on the specific requisitions as per Procurement Manual clause 10.3.3 (i) of MPT. raised by Audit on different occasions. ii) The Management had assured in the previous year that Capitalization of asset is done only after assets which were not in use for a long term (since 1993 & preparation of final bill towards the cost 2005) will be reviewed as per the requirement of Common of asset and issue of completion Framework for Financial Reporting to see whether there was certificate by the operation department. any impairment of assets. However, it was observed that the review for assessing impairment of assets was not carried out by the Management. iii) Delay in capitalization of Assets on account of non-availability of work completion certificate. Sample case stated below: The work of Construction of Signalling Building with Intern Electricals (` 6.28 crore) and S & T system for Railway Network at Mormugao Port Trust (` 8.35 crore) were completed during the year 2018-19 and have been put in to operation from 20.04.2018. However, the assets have not been capitalised citing non-receipt of completion certificates from concerned departments. iv) As no separate accounts are maintained for grants received Elaborate comments are provided by the and the same is mixed with common funds, interest earned Port on the issues raised under point on unspent Grant is not assessed and remitted to No. (iv) On the specific requisitions Government Account. raised by Audit on different occasions.

69 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

3. AMc n[agån{Îm`m| H$s àË`j Om§M àUmcr AMb n[agån{Îm¶m| H$s àË¶j Om§M àUmbr An¶m©á h¡ & AMb n[agån{Îm¶m| ‘| Hw$N> n[ag§n{Îm¶m| H$s Om§M àË¶oH$ df© H$s OmVr h¡& n[agån{b¶m§ em{‘b h¡ {OgH$m Cn¶moJ Zht {H$¶m OmVm h¡& Hw$b 862 n[ag§n{Îm¶m| ‘| go Ho$db EH$ n[ag§n{Îm àMbZ/Cn¶moJ ‘| Zht h¡& àMmbZ {d^mJ go OmZH$mar àmá H$aZo Ho$ nümV hr Bg n[ag§n{Îm H$mo hQ>m¶m OmEJm& 4. gm_mZ gyMr H$s àË`j Om§M àUmcr {XZm§H$ 31 ‘mM© 2019 H$mo ¶m§{ÌH$ B§Or{Z¶[a¨J {d^mJ, {g{db B§{O{Z¶[a¨J {d^mJ d AZwnmbZ hoVw ZmoQ> {H$¶m J¶m& g‘wÐr {d^mJ Ho$ ‘w»¶ A{^¶§VmAm| VWm {M{H$Ëgm {d^mJ Ûmam à‘m{UV gm‘mÝ¶ gyMr Om§M à‘mUnÌ ‘| Cg VmarI H$mo CnbãY gm‘mÝ¶ gyMr H$m eof Zht Xem©¶m J¶m h¡&

5. gm§{d{YH$ Xo¶VmAm| Ho$ ^wJVmZ ‘| {Z¶{‘VVm & VÏ¶mË‘H$ nÎmZ A{ddm{XV gm§{d{YH$ Xo¶Vm Cn¶wº$ àm{YH$m[a¶m| Ho$ nmg {Z¶{‘V én go O‘m H$aVm h¡&

70 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

3. System of Physical Verification of Fixed Assets System of physical verification of Fixed Assets is inadequate. It did Physical verification of assets carried not capture the condition of assets and resulted in inclusion of out every year. Out of total 862 assets some assets which were not in use/ existence. only one asset is not in existence/use. Deletion of this asset will be done after receiving details from operational department.

4. System of Physical Verification of Inventory Noted for compliance The inventory verification certificates as on 31 March 2019 certified by Chief Engineers of Mechanical Engineering Department, Civil Engineering Department, Marine Department and Medical Department were not disclosing the details on the balance of Inventory available on that date.

5. Regularity in payment of statutory dues Factual The Port was regular in depositing undisputed statutory dues with the appropriate authorities.

71 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

(H$amo‹S> én¶m| ‘|) H$ Xo`VmE§ H«$_.g§. {ddaU 2016-17 2017-18 2018-19 i n§yOr àma{jV 489.94 489.94 489.94 ii AÝ` àma{jV (-)495.43 (-)304.30 (-)325.16 iii CYma 87.00 30.00 25.00 iv AmñW{JV H$a Xo¶VmE§ 0.00 0.00 0.00 v Mmcy Xo¶VmE§ VWm àmdYmZ 1148.53 1009.63 1106.98 Hw$c 1230.04 1225.27 1296.76 I n[agån{Îm`m§ H«$_.g§. {ddaU 2016-17 2017-18 2018-19 i {Zdc AMc n[agån{Îm¶m§ 470.70 440.01 444.92 ii Mmcy H$m`© 100.06 105.82 94.48 iii {Zdoe 88.15 125.85 166.14 VÏ`mË_H$ iv Mmcy n[agån{Îm`m§ VWm F$U d A{J«‘ 302.41 251.42 262.23 v AmñW{JV H$a n[agån{Îm¶m§ 268.72 302.17 328.99 AÝ¶ n[agån{Îm¶m§/{d{dY ì¶¶ i ~r.Amo.Q>r. Am°naoQ>a H$mo gm¢no JE eoS> 0.00 0.00 0.00 ii Eg.dr.Ama.Eg. ì¶¶ 0.00 0.00 0.00 ii {d{dY ì¶¶ 0.00 0.00 0.00 Hw$c 1230.04 1225.27 1296.76 J Mmcy n§yOr * (-)846.12 (-)758.21 (-)844.75 K {Zdc _yë` ** (-)5.49 185.64 164.78 L> {Z`mo{OV n§yOr *** (-)375.42 (-)318.20 (-)399.83 M {Zdc A{Yeof ({d{Z`moOZ go nyd©) (-)23.15 88.17 (-)71.95 N> {Z`mo{OV n§yOr na à{Vcm^ (à{VeV) **** 6.17 (-)27.71 18.00 O {Z`mo{OV n§yOr (Mmcy H$m¶m] g{hV) (-)275.36 (-)212.38 (-)305.35 P {Z`mo{OV n§yOr na à{Vcm^ (Mmcy H$m¶m] g{hV) (à{VeV) 8.41 (-)41.52 23.56 * Mmcy n§yOr, Mmcy n[agån{Îm`m§ - Mmcy Xo`VmE§ H$mo Xem©Vr h¡& ** {Zdc _yë`, n§yOr àma{jV VWm AÝ` àma{jV + A{Yeof/H$‘ KmQ>m, Xem©Vr h¡& *** {Z`mo{OV n§yOr, {Zdc AMc n[agån{Îm`m| + Mmcy n§yOr H$mo Xem©Vr h¡& **** {Z`mo{OV n§yOr na à{Vcm^, {Z`mo{OV n§yOr go {Zdc A{Yeof ({d{Z`moOZ go nyd©) H$mo Xem©Vr h¡&

72 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

ANNEXURE II Review of accounts of Mormugao Port Trust for three years ended 31 March 2019 by the Comptroller and Auditor General of India (The Review of Accounts has been prepared without taking into account the audit observations/comments contained in the Separate Audit Report of the Comptroller and Auditor General of India)

1. FINANCIAL POSITION The Financial Position of Mormugao Port Trust under the broad headings for three years ended 31 March 2019 is given below: (` in Crore) A LIABILITIES Sl. No. Particulars 2016-17 2017-18 2018-19 i Capital Reserve 489.94 489.94 489.94 ii Other Reserves (-)495.43 (-)304.30 (-)325.16 iii Borrowings 87.00 30.00 25.00 iv Deferred Tax Libilities 0.00 0.00 0.00 v Current Liabilities & Provisions 1148.53 1009.63 1106.98 Total 1230.04 1225.27 1296.76

B. Assets Sl. No. Particulars 2016-17 2017-18 2018-19 i Net Fixed Assets 470.70 440.01 444.92 ii Works-in-Progress 100.06 105.82 94.48 iii Investments 88.15 125.85 166.14 Factual iv Current Assets & Loans and Advances 302.41 251.42 262.23 v Deferred Tax Asset 268.72 302.17 328.99 Other Assets/Misc. Expenditure i. Sheds handed over to BOT operator 0.00 0.00 0.00 ii. SVRS Expenditure 0.00 0.00 0.00 iii. Misc. Expenditure 0.00 0.00 0.00

Total 1230.04 1225.27 1296.76 C Working Capital * (-)846.12 (-)758.21 (-)844.75 D Net Worth ** (-)5.49 185.64 164.78 E Capital Employed *** (-)375.42 (-)318.20 (-)399.83 F Net Surplus (before appropriation) (-)23.15 88.17 (-)71.95 G Return on Capital Employed (percentage) **** 6.17 (-)27.71 18.00 H Capital Employed (including work-in-progress) (-)275.36 (-)212.38 (-)305.35 I Return on Capital Employed (including capital work-in-progress) (percentage) 8.41 (-)41.52 23.56

73 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

amOñd n[aMmcZ Am¶ 443.59 425.67 382.68 J¡a n[aMmcZ Am¶ 25.84 26.61 20.01 Hw$c 469.43 452.28 402.69 ì`` VÏ`mË_H$ n[aMmcZ ì`` 267.98 273.84 259.73 J¡a n[aMmcZ ì`` 142.33 176.24 151.01

Hw$c 410.31 450.08 410.74 AgmYmaU ‘X 72.91 52.45 90.80 Ad{Y nyd© à^ma 0.00 0.00 0.00 H$a go nyd© {Zdc A{Yeof/(KmQ>m) (-)13.79 54.65 (-)98.85 KQ>mBE … H$a hoVw àmdYmZ 0.00 0.00 0.01 Omo{S>E/KQ>mBE … AmñW{JV H$a Xo`VmE§/n[agån{Îm`m§ 9.43 33.45 26.82 Omo{S>E … H$ë`mU {Z{Y VWm Adg§aMZm àma{jV go Amh[aV 0.07 0.07 0.09 {d{Z¶moOZ go nyd© {Zdc A{Yeof/(KmQ>m) (-)23.15 88.17 (-)71.95 KQ>mBE … A{Zdm`© {d{Z¶moOZ/àma{jV {Z{Y Am{X _| A§VaU 0.07 0.07 0.09 gm_mÝ` àma{jV amOñd _| A§V[aV A{Yeof/KmQ>m (-)23.22 88.10 (-)72.04 {ZåZ{c{IV _| {Zdc A{Yeof H$m à{VeV… (i) n[aMmcZ Am¶ (-)5.22 20.71 (-)18.80 (ii) {Zdc AMc n[agån{Îm`m§ (-)4.92 20.04 (-)16.17 (iii) {Zdc _yë` 421.68 47.50 (-)43.66

74 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

2. WORKING RESULTS The working results of the Mormugao Port Trust for the last three years ending 31 March 2019 are summarized below: (` in Crore) Year Particulars 2016-17 2017-18 2018-19

Revenue Operating Income 443.59 425.67 382.68 Non-operating Income 25.84 26.61 20.01

Total 469.43 452.28 402.69

Expenditure Operating expenditure 267.98 273.84 259.73 Non-operating expenditure 142.33 176.24 151.01 Factual Total 410.31 450.08 410.74

Extra ordinary items 72.91 52.45 90.80 Prior Period charges 0.00 0.00 0.00 Net surplus/(deficit) before tax (-)13.79 54.65 (-)98.85 Less: Provision for Tax 0.00 0.00 0.01 Add/Less: Deferred tax liability/assets 9.43 33.45 26.82 Add: Withdrawn from Welfare Fund and Infrastructure 0.07 0.07 0.09 Reserve. Net surplus/(deficit) before appropriation (-)23.15 88.17 (-)71.95 Less: Mandatory Appropriations, Transfers to Res. Funds, etc. 0.07 0.07 0.09 Surplus/Deficit transferred to General Reserve. (-)23.22 88.10 (-)72.04

Percentage of net surplus to: (i) Operating Income (-)5.22 20.71 (-)18.80 (ii) Net Fixed Assets (-)4.92 20.04 (-)16.17 (iii) Net Worth 421.68 47.50 (-)43.66

75 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

3. AZwnmV {dícofU (n[aemoYZ VWm F$U emoY j_Vm) nÎmZ Ý`mg H$s n[aemoYZ VWm F$U emoY j_Vm Am¡a {dÎmr` pñW{V Ho$ Hw$N> _hÎdnyU© AZwnmV {ZåZdV Xem©E JE h¡&

df© {ddaU 2016-17 2017-18 2018-19 H$) Mmcy Xo`VmAm| go Mmcy n[agån{Îm`m| H$m à{VeV (àmdYmZm| g{hV) 26.33 24.90 23.69 I) Mmcy Xo`VmAm| go OëX n[agån{Îm`m| H$m à{VeV 19.83 18.03 17.14 VÏ`mË_H$ J) n[aMmcZ Am` go \w$Q>H$a XoZXmam| H$m à{VeV 13.95 13.84 15.77 K) n§yOr àma{jV Am¡a gm_mÝ` àma{jV AZwnmV na F$U (-)53.92 (-)40.95 (-)17.21 L>) {ZåZ{c{IV _| H$a go nyd© cm^ H$m à{VeV H$) {Zdc _yë` 251.18 29.44 (-)59.99 I) {Z`mo{OV ny§Or 3.67 (-)17.17 24.72 J) n[aMmcZ Am` (-)3.11 12.84 (-)25.83

hñVm/- hñVm /- (én am{e) (S>m°. B©. a_oe Hw$_ma) _hm {ZXoeH$, dm{U{Á`H$ coIm narjm AÜ`j/‘waJm§d nÎmZ Ý¶mg VWm nXoZ gXñ`, coIm narjm _§S>c-1, _§w~B©

{XZm§H$ … 27 {gVå~a 2019 {XZm§H$ … 30 {gVå~a 2019

76 _waJm§d nÎmZ Ý`mg MORMUGAO PORT TRUST

3. RATIO ANALYSIS (LIQUIDITY AND SOLVENCY) Some important ratios on liquidity and solvency and on financial health of the Port Trust are shown below:

Year Particulars 2016-17 2017-18 2018-19

a. The percentage of Current Assets to Current Liabilities 26.33 24.90 23.69 (Including Provisions) b. Percentage of Quick Assets to Current Liabilities 19.83 18.03 17.14 Factual c. Percentage of Sundry Debtors to Operating Income 13.95 13.84 15.77 d. Percentage of Debt to Capital Reserve & General (-)53.92 (-)40.95 (-)17.21 Reserve e. Percentage of profit before tax to a) Net Worth 251.18 29.44 (-)59.99 b) Capital Employed 3.67 (-)17.17 24.72 c) Operating Income (-)3.11 12.84 (-)25.83

Sd/- Sd/- (Roop Rashi) (Dr. E. RAMESH KUMAR) Director General of Commercial Audit and Chairman, Mormugao Port Trust Ex-Officio Member Audit Board–1, Mumbai

Date: 27-09-2019 Date: 30-09-2019