Chennai Port Trust Administration Report

CHENNAI PORT TRUST

ADMINISTRATION REPORT

2017 - 2018

CONTENTS Page No.

Board of Trustees 05 Principal Officers of the Trust 07 Performance Indications 10 Financial Indicators 11 Chairman’s Message 15 Administration Report on Trade Volume of Business 18 Value of Business 18 Foreign and Coastal Traffic 18 Imports 19 Exports 19 Bunkers 19 Passenger Traffic 20 Container Traffic 20 Railway Traffic 21 Vessel Traffic 21 Record Performances 23 Traffice Handled during 2008 - 2009 to 2017-18 24 Total Traffice during 2013-2014 to 2017-18 25 Imports and Exports from 2013-2014 to 2017-18 26 Imports and Exports during 2017-18 27

Operations Floating Crafts 28 Cargo Handling Equipment 28 Power Supply 29 Dredging 29 Port Maintenance 29 Cargo Handling Productivity 29 Railway Accidents 31 Dock Safety 31 Industrial Relations 32

Security 32 Port Fire Services 33

Finance Income 34 Expenditure 34 Working Results 34 Cost Ratio 34 Capital Expenditure 34 Loans 34

Human Resources Caste Demography 35 Management Port Vigilance 36 Citizen’s / Client’s Charter (CCC) 38 Implementation of RTI Act, 2005 in Chennai Port Trust 38 Staff Strength and Expenditure 39 Apprentice Training 39 Staff Training 40 Labour Welfare 40 Medical Facilities 45 Swachh Bharat Abhiyan 48

General Progressive Use of Hindi 49 Marketing Efforts 50 Project Details 53

Statistics Other Than Accounts 65

Accounts Appendices 99 Port Development Works Capital II Accounts 103 Capital I Accounts 109

Annual Accounts for the Year 2017 - 2018 137 Audit Report & Action Taken Notes 181 PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 BOARD OF TRUSTEES OF THE PORT OF CHENNAI TRAFFIC DEPARTMENT DURING 2017 – 2018 (1st April 2017 to 31st March 2018) Chairman : Shri. P. Raveendran, IRTS Traffic Manager (Stat) : Shri. P. Shanmuganathan Traffic Manager (i/c) : Shri. B.Vimal CHAIRMAN Deputy Chairman : Shri. Cyril C. George Senior Deputy Traffic Manager : Shri. R. Prabakar Shri. P. Raveendran, IRTS Senior Deputy Director (Research) : Shri. K. Pugalendi VIGILANCE DEPARTMENT DEPUTY CHAIRMAN Deputy Traffic Manager (L&B/Commercial) : Shri. B. Madhan Shri. Cyril C. George Chief Vigilance Officer : Shri. P. Ravindra Babu, IRSME Deputy Traffic Manager (Railway/Marketing) : Shri. G. Senthil Kumaran Dy. Chief Vigilance Officer : Shri. G. Balagangadharan Deputy Director (Research) : Shri K. Srinivasan REPRESENTING GOVERNMENT DEPARTMENTS Deputy Traffic Manager (III Section) : Shri K. Ramalingam GENERAL ADMINISTRATION DEPARTMENT Senior Administrative Officer (CHD) : Shri. K. Natarajan Shri. B. Krishnamoorthy Deputy Secretary (up to 09.04.2017) Ministry of Shipping. Secretary : Shri. C. Mohan MARINE DEPARTMENT Senior Deputy Secretary : Shri. Abhijit Das Shri A.K. Saran Director, Ministry of Shipping Deputy Conservator : Capt. P.T. Sadanandan Personnel Officer : Smt. C. Thara Sugirtha (from 21.06.2017) Harbour Master : Capt. Sitaram Parhi Deputy Secretary : Smt. V. Beebinabi Dock Master I : Capt. T.M. Kumar Shri. Rajeev Ranjan, I.A.S. Additional Chief Secretary to Government. Dock Master II : Capt. G. Vinod Kumar Rear Admiral. Alok Bhatnagar Highways and Minor Ports, CIVIL ENGINEERING DEPARTMENT Government of Tamilnadu Dredging Suptdt. : Capt. Syed Ahamedullah Chief Engineer : Shri. A.J. Lokhande Chief Engineer (Marine) Vessel : Shri. S. Sadhish Kumar Rear Admiral. Alok Bhatnagar Naval Officer-in-Charge (Tamil Nadu) Deputy Chief Engineer (C) : Shri. G. Srinivasan Deputy Chief Engineer (C) : Smt. R. Sugantheswari Priyatharisini FINANCE DEPARTMENT Shri. Pranab Kumar Das, I.R.S. Principal Commissioner of Customs. Deputy Chief Engineer (C) : Shri. S. Muthukumar (up to 19.04.2017) Financial Advisor &Chief Accounts Officer : Shri. C.S. Vemanna Superintending Engineer (C) : Shri. R. Chandrasekaran Senior Deputy Chief Accounts Officer(MS) : Shri. K. Poothapandi Superintending Engineer (C) : Shri. P. Krishnamoorthy Shri Mayank Kumar,I.R.S. Commissioner of Customs Senior Deputy Chief Accounts Officer : Shri. D. Joseph Mariaraj (from 20.04.2017 to 04.06.2017) Superintending Engineer (C) : Shri. G. Ravichandran (Establishment) Superintending Engineer (C) (adhoc) : Shri. G. Balagangatharan Deputy Chief Accounts Officer : Smt. RM. Vaira Chellam Commissioner of Customs Shri Rajan Chaudhary,I.R.S. (DCVO on deputation basis) (Revenue) (From 05.06.2017) Senior Accounts Officer : Shri. P. Rajendran (Stores) Shri. S. Anantharaman,IRTS Chief Operations Manager, MECHANICAL AND ELECTRICAL ENGINEERING DEPARTMENT Senior Accounts Officer : Smt. K. G. Devi Shri Indian Railways. Chief Mechanical Engineer : Shri. P. Shanmuganathan (Pension) Senior Accounts Officer (MS) : Shri. C. Ramesh DIG Ali Muttaher Chief of Staff, Deputy Chief Mechanical Engineer : Shri. K. Dorairaj Coast Guard Region (East) Deputy Chief Mechanical Engineer : Smt. V. Vijayalakshmi Deputy Director (EDP) : Shri.S. Prabakaran Deputy Chief Mechanical Engineer : Shri. K. Mahalingam Deputy Director (EDP) : Shri. G. Sadeth Ali Mirza Shri. S. Barik Principal Officer, Deputy Chief Mechanical Engineer : Shri. V. Thuraipandian Mercantile Marine Department Materials Manager : Shri. A. Ayyasami

Shri. M.R.G. Reddy Regional Officer, Additional Principal Chief Conservator of Forests (Central) Ministry of Environment and Forest

Annual Report 2017 -2018 05

MEDICAL DEPARTMENT

Chief Medical Officer : Dr. C. Raja Ravi Varma Sr.Dy.Chief Medical Officer : Dr. P. Pandian Sr.Dy.Chief Medical Officer : Dr. S. Rajkumar Sr.Dy.Chief Medical Officer : Dr. G. Vairamani Dy. Chief Medical Officer : Dr. N. Padma Dy. Chief Medical Officer : Dr. Vijaya Nallamuthu Dy. Chief Medical Officer : Dr. A. Anusujatha

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 OTHER INTERESTS – NOMINATED CATEGORY TRAFFIC DEPARTMENT

Chairman : Shri. P. Raveendran, IRTS Traffic Manager (Stat) : Shri. P. Shanmuganathan Shri. M. Chakravarthy Traffic Manager (i/c) : Shri. B.Vimal Deputy Chairman : Shri. Cyril C. George Shri. M. Muruganantham Senior Deputy Traffic Manager : Shri. R. Prabakar Shri. S. Adhavan Senior Deputy Director (Research) : Shri. K. Pugalendi VIGILANCE DEPARTMENT Shri. S. Senthil Kumar Deputy Traffic Manager (L&B/Commercial) : Shri. B. Madhan Shri R. Prakash Chief Vigilance Officer : Shri. P. Ravindra Babu, IRSME Deputy Traffic Manager (Railway/Marketing) : Shri. G. Senthil Kumaran Dy. Chief Vigilance Officer : Shri. G. Balagangadharan Deputy Director (Research) : Shri K. Srinivasan Deputy Traffic Manager (III Section) : Shri K. Ramalingam GENERAL ADMINISTRATION DEPARTMENT Senior Administrative Officer (CHD) : Shri. K. Natarajan

Secretary : Shri. C. Mohan MARINE DEPARTMENT Senior Deputy Secretary : Shri. Abhijit Das Deputy Conservator : Capt. P.T. Sadanandan Personnel Officer : Smt. C. Thara Sugirtha Harbour Master : Capt. Sitaram Parhi Deputy Secretary : Smt. V. Beebinabi Dock Master I : Capt. T.M. Kumar Dock Master II : Capt. G. Vinod Kumar CIVIL ENGINEERING DEPARTMENT Dredging Suptdt. : Capt. Syed Ahamedullah Chief Engineer : Shri. A.J. Lokhande Chief Engineer (Marine) Vessel : Shri. S. Sadhish Kumar Deputy Chief Engineer (C) : Shri. G. Srinivasan Deputy Chief Engineer (C) : Smt. R. Sugantheswari Priyatharisini FINANCE DEPARTMENT Deputy Chief Engineer (C) : Shri. S. Muthukumar Financial Advisor &Chief Accounts Officer : Shri. C.S. Vemanna Superintending Engineer (C) : Shri. R. Chandrasekaran Senior Deputy Chief Accounts Officer(MS) : Shri. K. Poothapandi Superintending Engineer (C) : Shri. P. Krishnamoorthy Senior Deputy Chief Accounts Officer : Shri. D. Joseph Mariaraj Superintending Engineer (C) : Shri. G. Ravichandran (Establishment) Superintending Engineer (C) (adhoc) : Shri. G. Balagangatharan Deputy Chief Accounts Officer : Smt. RM. Vaira Chellam (DCVO on deputation basis) (Revenue) Senior Accounts Officer : Shri. P. Rajendran (Stores) MECHANICAL AND ELECTRICAL ENGINEERING DEPARTMENT Senior Accounts Officer : Smt. K. G. Devi Shri Chief Mechanical Engineer : Shri. P. Shanmuganathan (Pension) Deputy Chief Mechanical Engineer : Shri. K. Dorairaj Senior Accounts Officer (MS) : Shri. C. Ramesh Deputy Chief Mechanical Engineer : Smt. V. Vijayalakshmi Deputy Director (EDP) : Shri.S. Prabakaran Deputy Chief Mechanical Engineer : Shri. K. Mahalingam Deputy Director (EDP) : Shri. G. Sadeth Ali Mirza Deputy Chief Mechanical Engineer : Shri. V. Thuraipandian Materials Manager : Shri. A. Ayyasami

Annual Report 2017 -2018 06

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

Chairman : Shri. P. Raveendran, IRTS Traffic Manager (Stat) : Shri. P. Shanmuganathan Traffic Manager (i/c) : Shri. B.Vimal Deputy Chairman : Shri. Cyril C. George Senior Deputy Traffic Manager : Shri. R. Prabakar Senior Deputy Director (Research) : Shri. K. Pugalendi VIGILANCE DEPARTMENT Deputy Traffic Manager (L&B/Commercial) : Shri. B. Madhan Chief Vigilance Officer : Shri. P. Ravindra Babu, IRSME Deputy Traffic Manager (Railway/Marketing) : Shri. G. Senthil Kumaran Dy. Chief Vigilance Officer : Shri. G. Balagangadharan Deputy Director (Research) : Shri K. Srinivasan Deputy Traffic Manager (III Section) : Shri K. Ramalingam GENERAL ADMINISTRATION DEPARTMENT Senior Administrative Officer (CHD) : Shri. K. Natarajan

Annual Report 2017 -2018 07

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

Annual Report 2017 -2018 08

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale

Annual Report 2017 -2018 09 PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale

Annual Report 2017 -2018 10 PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

MEDICAL DEPARTMENT

Chief Medical Officer : Dr. C. Raja Ravi Varma ` Sr.Dy.Chief Medical Officer : Dr. P. Pandian Sr.Dy.Chief Medical Officer : Dr. S. Rajkumar Sr.Dy.Chief Medical Officer : Dr. G. Vairamani Dy. Chief Medical Officer : Dr. N. Padma Dy. Chief Medical Officer : Dr. Vijaya Nallamuthu Dy. Chief Medical Officer : Dr. A. Anusujatha

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale

Annual Report 2017 -2018 11 PRINCIPAL OFFICERS OF THE TRUST AS ON 31.03.2018 TRAFFIC DEPARTMENT

MEDICAL DEPARTMENT

CENTRAL INDUSTRIAL SECURITY FORCE

Senior Commandant : Shri. M.R. Bhale To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

To evacuate containers en masse by rail and to facilitate trade by reducing transit-time and offering economical tariff, containers are being handled by CONCOR between Chennai Port (HOM) & Tondiarpet Marshalling Yard (TNPM) and vice versa w.e.f. 28.03.2018, which also facili- tates Direct Port Delivery(DPD) / Direct Port Entry(DPE) movement through rail and reduces road congestion.

The Major Ports in India are witnessing sustained growth in the last few years, thanks to the A fresh Memorandum of Agreement (MoU) was signed on 10.05.2018 with M/s. HMIL for the vision of Ministry of Shipping which has given the fillip to the Port Sector by introducing vital and export of Hyundai cars exclusively through Chennai Port for a period of 10 years from 01.04.2018. long overdue futuristic Port led development programmes including Sagarmala. The Ministry is intent on upgrading and developing the Major Ports of India on par with the International Ports. Port earned a total income of `952.60 crores during the year 2017-18 against `952.16 crores during the year 2016-17. The Net surplus before tax for the year 2017-18 was `40.29 crores Significantly, Chennai Port in its historic 137th year of commercial operations is ranked among vis-a-vis `12.59 crores during 2016-17 with an increase of `27.70 crores. the growth generating major ports, despite the threats and perceptions on diversion of cargo to emerging private ports. During the financial year 2017-18, Chennai Port handled 51.88 MMT of A study for development of Multi-Modal Logistics Park (MMLP) with Rail connectivity in the cargo compared to 50.21 MMT handled in 2016-17 registering a growth of 3.33% and the trend Railway land at Jolarpet and funded under Sagarmala is nearing completion. continues during the current year also. Ministry’s target for the year 2018-19 is 53 MMT. Sagarmala Development Company Limited (SDCL) will appoint a consultant shortly to exam- PART I Among efficiency parameters, Turn Around Time came down to 2.21 days in 2017-18 when ine if it is feasible for the land at Mappedu to serve the Maritime Cluster in Tamilnadu. compared to 2.51 days in 2016-17 and the Overall Average Ship Berthday Output increased from In respect of Port developmental projects, a 260m long Coastal Terminal is now under con- 15652 tonnes to 16014 tonnes while handling multiple high / low productive cargoes. The cargo struction at the Northern Sheltering Arm, as part of the Government initiatives to encourage composition for 2017-18 has been Petroleum Oil & Lubricants(POL) - 26% (13.50 MMT), Contain- CHAIRMAN’S MESSAGE Coastal Shipping. Paved Concrete Storage yards for a total extent of 11.50 hectares are under erized cargo – 58% (29.91 MMT) and Others including bulk cargo – 16% (8.47 MMT). Container development at ONB Yard and backup area of JD(E) & JD(S) for handling a variety of dry bulk volume increased from 1,494,831 TEUs in 2016-17 to 1,549,457 TEUs in 2017-18. The container cargoes in a clean manner without emanation of dust which would attract premium cargoes 2017 - 2018 cargo handled by Rail during April 2017-March 2018 is 100396 TEUs when compared to 95586 including Containers, Cars and Project cargo in future. Modernization work at JD(E) is under prog- TEUs handled in 2016-17 registering a growth of 5.03%. ress and on completion all JD(E) berths will be dredged to (-) 14m CD alongside.

The operations of the In-motion Rail Weighbridge (140 Ton capacity) commenced on Construction of a 181m long and 18m wide Bunker berth at Bharathi Dock has commenced 18.8.2017 and ensures that, the Port Users load the cargo within the permissible carrying capacity and will enable handling of Bunker Tankers up to 10000 DWT. LoA was issued on 31.03.2018 and of wagon, thereby avoiding excess loading of cargo and levy of Punitive / detention charges pay- work is scheduled to be completed in September 2019. On completion of the work, ChPT will able by Port Users to railway (Avg. payment of Punitive / detention charges is `2.43 crores per emerge as a major hub for bunkers and cater to ships calling at the Port and also outer anchorage year). This in turn helps the Port to retain the existing customers and enables to improve the reve- for mainline vessels passing Chennai Port. nue earned by Port from the wagon users.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

The Chennai Ennore Port Road Connectivity project will also be completed shortly, and work on the Elevated Road from Chennai Port to Maduravoyal which was stalled in March 2012 is set to recommence by early next year.

As part of the Green Port Initiatives, for which the Ministry also sanctioned a grant of Rs.6 Crs in 2017-18, the port commissioned a state-of-the art continuous online Ambient Air Quality Moni- toring (CAAQM) stations at three key locations inside Chennai Port and the levels of AAQ are electronically displayed online at 4 different locations. In addition, periodical monitoring and testing of various environmental parameters is also being carried out inside the Port. Green Port initiatives at Chennai Port include increase of the green belt inside the Port through systematic tree plantation project which will improve the quality of the environment.

In order to reduce the carbon footprint and limit use of fossil fuels, the Port commissioned a 500 KW Solar Power plant at roof tops of Administrative Buildings and the Port Hospital. This will produce 6,75,000 units per annum. and reduce use of conventional electrical power.

Chennai Port also participated in the Coastal Security Exercise – Sagar Kavach 02 of 2017-18 conducted by Indian Coast Guard on 22nd and 23rd March 2018, which was organized in co-ordi- nation with security agencies to assess the readiness and capability of the Port to deal with any incidents of breach of security.

At Chennai Port, we continuously endeavor to innovate in various operational and functional areas in conjunction with Port Users to take the Customer satisfaction to higher levels. I am of the firm belief that, by working together we will scale new heights.

Chairman To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

Among efficiency parameters, Turn Around Time came down to 2.21 days in 2017-18 when ine if it is feasible for the land at Mappedu to serve the Maritime Cluster in Tamilnadu. compared to 2.51 days in 2016-17 and the Overall Average Ship Berthday Output increased from In respect of Port developmental projects, a 260m long Coastal Terminal is now under con- 15652 tonnes to 16014 tonnes while handling multiple high / low productive cargoes. The cargo struction at the Northern Sheltering Arm, as part of the Government initiatives to encourage composition for 2017-18 has been Petroleum Oil & Lubricants(POL) - 26% (13.50 MMT), Contain- Coastal Shipping. Paved Concrete Storage yards for a total extent of 11.50 hectares are under erized cargo – 58% (29.91 MMT) and Others including bulk cargo – 16% (8.47 MMT). Container development at ONB Yard and backup area of JD(E) & JD(S) for handling a variety of dry bulk volume increased from 1,494,831 TEUs in 2016-17 to 1,549,457 TEUs in 2017-18. The container cargoes in a clean manner without emanation of dust which would attract premium cargoes cargo handled by Rail during April 2017-March 2018 is 100396 TEUs when compared to 95586 including Containers, Cars and Project cargo in future. Modernization work at JD(E) is under prog- TEUs handled in 2016-17 registering a growth of 5.03%. ress and on completion all JD(E) berths will be dredged to (-) 14m CD alongside.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chairman To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

Annual Report 2017 -2018 15

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chairman To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

Annual Report 2017 -2018 16

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chairman To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chairman

Annual Report 2017 -2018 17 To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

At Chennai Port, we continuously endeavor to innovate in various operational and functional ` areas in conjunction with Port Users to take the Customer satisfaction to higher levels. I am of the firm belief that, by working together we will scale new heights.

Chairman

Annual Report 2017 -2018 18 To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chennai Port also participated in the Coastal Security Exercise – Sagar Kavach 02 of 2017-18 COMMODITY 2016-2017 2017-2018 VARIATIONS conducted by Indian Coast Guard on 22nd and 23rd March 2018, which was organized in co-ordi- Mineral Oils & Other POL 1,412,245 1,963,092 (+) 550,847 nation with security agencies to assess the readiness and capability of the Port to deal with any Barytes 576,565 873,965 (+) 297,400 incidents of breach of security. Cobble Stone 151,050 183,043 (+) 31,993 Cement Clinker 572,462 457,303 (-) 115,159 At Chennai Port, we continuously endeavor to innovate in various operational and functional Mill Scale 51,090 - (-) 51,090 areas in conjunction with Port Users to take the Customer satisfaction to higher levels. I am of the firm belief that, by working together we will scale new heights.

Chairman

Annual Report 2017 -2018 19 To attract new cargo and retain old cargo, business promotion activities and various marketing initiatives (Interactive Session /Trade Meets) are being organized.

A Common Railway yard was developed under supervision of IPRCL at the West of Western yard I and comprises a paved platform 30m wide x 700m long with an additional rail line.

Chairman

Annual Report 2017 -2018 20 Annual Report 2017 -2018 21 Annual Report 2017 -2018 22 Annual Report 2017 -2018 23 CHENNAI PORT TRUST

Annual Report 2017 -2018 24 ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS CHENNAI PORT TRUST Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

Annual Report 2017 -2018 25

5. PORT MAINTENANCE

The docks and wharves, breakwaters, roads and railway tracks, yards and buildings were maintained satisfactorily. A constant drive was made to clear unserviceable materials, debris etc., and to keep the harbour area clean.

6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows: ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS CHENNAI PORT TRUST Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

Annual Report 2017 -2018 26

5. PORT MAINTENANCE

6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows: ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS CHENNAI PORT TRUST Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

Annual Report 2017 -2018 27

5. PORT MAINTENANCE

6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows: ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS

Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

Annual Report 2017 -2018 28

5. PORT MAINTENANCE

6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows: ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS

Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

3. POWER SUPPLY

Power supply was maintained satisfactorily throughout the year. The details of Power consumption are given below :

4. DREDGING

The Trust's dredger "CAUVERY" was deployed to dredge in the channel, basins, approaches and berths.

A total dredged quantity per annum (2017-18) of 2,00,200 m³ was dumped in the designated dump- ing grounds by Dredger Cauvery. TSHD Cauvery can carry out dredging all the berths 5 m away from the wharf to maintain the schedule depths.

5. PORT MAINTENANCE

6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows:

Total traffic Year Tonnage handled by Port Labour through the Port 2013-2014 9,685,350 51,104,657

2014-2015 8,295,743 52,540,680

2015-2016 5,192,820 50,058,652

2016-2017 7,069,771 50,214,051

2017-2018 6,207,687 51,880,870

Annual Report 2017 -2018 29 ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS

Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

The average output per hook hour was 94.84 tonnes. Productivity (excluding Liquid and containerized cargo) relating to the last five years are given below:

Year Productivity per hook hour (in Tonnes)

2013-2014 111.17

2014-2015 98.45

2015-2016 92.19

2016-2017 103.78

2017-2018 94.84

The strength of shore labour and the wages paid to them during the last three years are given below:

2015-2016 2016-2017 2017-2018

Strength 405 283 251

Datum earnings* ` 1,31,88,462 74,48,275 80,49,234

5. PORT MAINTENANCE Time-rate wages and allowances ` 26,96,72,497 24,88,08,627 18,82,93,974

The docks and wharves, breakwaters, roads and railway tracks, yards and buildings were main- Ex-gratia/P.L.B. ` 27,19,686 54,09,711 45,94,719 tained satisfactorily. A constant drive was made to clear unserviceable materials, debris etc., and to keep the harbour area clean. (* Datum earnings denote Import and Export Incentive paid) 6. CARGO HANDLING PRODUCTIVITY

The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows:

Annual Report 2017 -2018 30 ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS

Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

7. RAILWAY ACCIDENTS

Particulars of derailment during the last five years ending 2017-2018 are given below:

Year No. of Total time Responsibility accepted by De- Lost (In Traffic Engg Southern Outside Other railments hrs) Dept. Dept. Railway Parties Reasons

2013-2014 13 164 2 7 2 2 --

2014-2015 9 137 2 6 - 1 -

2015-2016 3 27 - 2 - - 1

2016-2017 6 65 2 1 - 3 -

2017-2018 5 48 - 2 2 1 -

Statement Showing cause-wise break up of details and responsibility for

derailments pertaining to the year 2017-18.

Cause wise break-up of details: No. of 5. PORT MAINTENANCE Derailments Responsibility accepted by

The docks and wharves, breakwaters, roads and railway tracks, yards and buildings were main- Track Defect 1 Engineering Department tained satisfactorily. A constant drive was made to clear unserviceable materials, debris etc., and to Inadequate Clearance 1 Engineering Department keep the harbour area clean. Wheels not negotiating the curve 1 Southern Railway 6. CARGO HANDLING PRODUCTIVITY Sick Wagon 1 Southern Railway The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being Derailed due to rear wheels (4 nos.) 1 Outside Party (M/s. CITPL) 3,677,913 tonnes and export being 2,529,774 tonnes.

Particulars of cargo handled by the Port labour during the last five years are as follows: 8. DOCK SAFETY

The Dock Safety Inspectorate, under the Ministry of Labour & Employment (DGFASLI), Government of India is functioning at this Port. The Inspectorate is carrying out the enforcement functions of the Dock Workers (Safety, Health and Welfare) Act 1986, and the Manufacture Storage & Import of Hazardous Chemical Rules, 1989 Regulations framed there under within the port limits. The major activities of the Inspectorate include:

Annual Report 2017 -2018 31 ADMINISTRATION REPORT OPERATIONS

1. FLOATING CRAFTS

Particulars of the number of days each craft was in commission during 2016-17 and 2017-18 are furnished below:

2. CARGO HANDLING EQUIPMENT

The working of cargo handling equipments was satisfactory. The availability and supply of cargo handling equipments are given in Tables 12 & 13.

The details of quantity dredged during last 3 years are given below :

1. Inspections of Ships, Dock and Cargo Handling Equipments.

2. Investigation of Accidents and Dangerous Occurrences.

3. Conducting Studies on Safety and Health aspects of Dock work.

ACCIDENT STATISTICS:

The Accident statistics for the Port of Chennai during the past five years are given below: -

Year On Board On Shore Grand

Fatal Non-Fatal Total Fatal Non-Fatal Total Total

2013-2014 - - - 1 1 2 2

2014-2015 - - - 1 1 2 2

2015-2016 1 1 2 - 1 1 3

2016-2017 0 0 0 2 3 5 5

2017-2018 0 0 0 1 1 2 2

The total number of reportable accidents during the year 2017-18 were 2 (both on shore) of which one was fatal and the other was non-fatal. The said fatal accident was investigated by this inspectorate. 5. PORT MAINTENANCE

The docks and wharves, breakwaters, roads and railway tracks, yards and buildings were main- 9. INDUSTRIAL RELATIONS tained satisfactorily. A constant drive was made to clear unserviceable materials, debris etc., and to keep the harbour area clean. The Industrial relations in the port during the year 2017-2018 were generally cordial. In Chennai Port Trust, there are 20 Registered Trade Unions and out of this 7 are recognized unions 6. CARGO HANDLING PRODUCTIVITY as per directions of Ministry. The tonnage handled by the port labour during the year 2017-18 was 6,207,687. Import being 3,677,913 tonnes and export being 2,529,774 tonnes. The conciliation meetings were held periodically before the Assistant Labour Commissioner (C) / RLCC(C), Chennai to settle the Industrial disputes raised by various Trade Unions. Particulars of cargo handled by the Port labour during the last five years are as follows: Management also held meetings with Unions who have raised IDs to settle the issues amicably.

Strike notices have been received from various unions. Action in this regard has been taken as per the prescribed provisions.

10. SECURITY

The security of Chennai Port Trust and its property is being looked after by the Central Industrial Security Force (CISF) since the time of its induction in the year 1972. The Port has seen lot of expansion and increase in its activities resulting increase in the movement of men, materials and vehicles. The spurt in the terrorists and sabotage activities in the country has drastically changed the security scenario there by thrusting more responsibility and accountability on CISF.

Annual Report 2017 -2018 32 Major priority of CISF is to ensure proper safeguard and protection of the vital installations of the port and smooth entry and exit of authorized men, materials and vehicles in the port thereby ensuring maximum output in the performance of the port.

Chennai Port Trust complies with Security Standards as stipulated in ISPS (International Ship & Port Facility Security) code. During the year under review, CISF provided excellent security and protection coverage to Chennai Port Trust which include movement of VIP’s, foreign delegates committees, Diplomats & Navy and ICG’s sponsored” “Day at Sea” & “Defexpo” At Chennai Port CISF is equipped with Night Vision Device, Radiological detection equipment etc.

Radiological Detection Equipments

Vehicle Monitoring System: Radiological detection equipments for vehicle monitoring have been installed at ‘O’ Gate, Gate No.2A, Gate No.9, and Gate No.10, to scan vehicles and imported containers & cargo for presence of any radioactive substance and monitored by CISF personnel.

Doorway Monitoring System: The installation of 05 Nos. Doorway Radiological detection equipments at Gate No.2, Gate 5, Gate 7, Gate 10 and passenger terminal (passengers) for scanning of pedestrian and their belongings for presence of any radioactive substance is completed.

Anti-Sabotage checks: Regular anti-sabotage checks with help of dog squad are being done by CISF in port area to thwart any incident.

Implementation of RFID system: Installation of RFID (Radio Frequency Identification Device) for the development of Harbor entry permit for vehicles and individuals is under process.

CISF along with the Port Officials, Police and other State and Central Security / intelligence agencies participated in the Coastal Security Exercises “Ops Sentinel/ Sajag” and “Sagar Kavach”. CISF along with Police were able to thwart the efforts of Red forces intrusion into the port premises through sea side.

The CISF observed security awareness week in Chennai Port Trust from 03.03.2018 to 10.03.2018.

11. PORT FIRE SERVICES

154 Fire calls viz., 111 on Shore and 1 on Board, 25 special services and Rescue calls, 15 Mock drill and 1 for Oil pollution were attended during the year. Fire service week was celebrated from 14.04.2017 to 21.04.2017.

Annual Report 2017 -2018 33 ADMINISTRATION REPORT

FINANCE 1. INCOME The total Operating Income was `764.37 crore during the year 2017-18 as compared to `775.43 crore in the previous year. The Finance and Miscellaneous Income was `188.23 crore for 2017-18 as against `176.73 crore in the previous year.

2. EXPENDITURE The Operating Expenditure was ` 534.45 crore during the year as compared to `558.23 crore in the previous year 2016-17. The Finance and Miscellaneous expenditure was `377.86 crore during the year as compared to `381.34 crore in the previous year.

3. WORKING RESULTS The Operating Surplus was `229.92 crore in 2017-18 as against `217.20 crores in 2016-17.

4. COST RATIO The percentage of direct cost (excluding depreciation and overheads) and total cost (including depreciation and overheads) to the earnings under the respective activities for the year and previous year are given below:

Percentage of cost to earnings

2016-2017 2017-18 Activities Direct Cost Total Cost Direct Cost Total Cost

Cargo Handling & Storage 65 122 54 109

Port and Dock Facilities 27 65 27 71

Railways 148 448 129 433

Rentable Lands & Buildings 14 66 10 72

5. CAPITAL EXPENDITURE Capital expenditure incurred during the year was `62.89 crore as against `122.83 crore during the previous year.

6. LOANS

The Government of India Loan outstanding is ‘NIL’.

Annual Report 2017 -2018 34 ADMINISTRATION REPORT

HUMAN RESOURCES MANAGEMENT

1. CASTE DEMOGRAPHY Orders of the Government in the matter of reservation in the appointment and promotion for

the members of Scheduled Castes/Tribes/Other Backward Classes are followed by the port.

The Category wise and Class wise employment position as on 31.03.2018 was as under:

Number of employees . Category Total SCs STs OBCs PHs Class I 141 42 21 26 5

Class II 102 32 12 8 -

Class III 2544 612 106 449 58

Class IV 1549 417 26 308 28

Total 4336 1103 165 791 91

The number of dependent registered for compassionate appointment during the year 2017-18 was 15.

The promotions and Direct Recruitment made during the year 2017-18 are furnished below:

Promotions:

Category Total Notified Total Filled S.C. S.T.

Class I 13 12 2 -

Class II 14 12 4 -

Class III 119 103 24 1

Class IV 60 9 3 -

Total 206 136 33 1

Annual Report 2017 -2018 35 Direct Recruitment

Category Total Notified Total Filled S.C. S.T.

Class I 4 3 1 -

Class II - - - -

Class III 1 - - -

Class IV (including sweepers) 8 - - -

Total 13 3 1 -

1. PORT VIGILANCE

The vigilance department of Chennai Port Trust plays a significant role in creating ethical climate and an atmosphere of probity with objective in maintenance of integrity and efficiency in the port.

Status of activities carried out:

1. No. of complaints received (2017-18) : 99 Vigilance related complaints 09 Non-vigilance related complaints : 90 2. Action Taken : 35 3. No action taken on anonymous complaints : 31 4. Under investigation : 33 5. No. of vigilance clearance processed : 2590 Class I & II : 337 Class III & IV : 2253

6. Scrutiny of files related to Movable / Immovable properties : 115

EVENTS:

The Vigilance Awareness Week 2017 was observed in Chennai Port Trust from 30.10.2017 to 04.11.2017. On the occasion of observation of VAW-2017, a Newsletter – “Voice of

Annual Report 2017 -2018 36 Vigilance” was released by Shri. P. Raveendran, IRTS, Chairman, Chennai Port on 30.10.2017 and circulated to all the departments. The Citizen’s Integrity Pledge was administered to the Student community, Teachers, Parents, Port Users & Employees numbering around 600 during all the programmes conducted.

During the occasion various programmes viz. Essay writing in English / Tamil & Poster making was conducted for officers / employees and students from various schools / colleges. Spreading awareness on ill effects of corruption / corrupt practices – sensitizing through Vigilance Awareness week 2017 & update vigilance corner in port website. A total no. of 271 participants took part in the following 4 workshops conducted during the period.

1. Preventive Vigilance Measures for Effective Administration” by Smt.G.Gayatri, Dy.CVO (Traffic), Southern Railway

2. “Transparency & Accountability” By Shri. D.V.Ananth, FA&CAO(Retd.) Ch.PT

3. “Vigilance as a Tool of Management” by Shri.C.L.Ramakrishnan,IPS., (Retd.) Former DGP

4. “Ethics in Administration” by Dr.S.N.Venkatesan, Management & Legal Consultant.

LEVERAGING TECHNOLOGY BEING ADOPTED:

• Vigilance corner is available in the port website to provide updated information on vigilance activities. • Complaints can be lodged online and view status based on complaint number provided by the system • A toll free number 18004250120 has been provided for receiving vigilance related complaints • All tenders are posted in Port website • All the contracts of value Rs.50 lakhs and above are brought under Integrity Pact. • The bill status and tracking the payment of bills has been displayed in the port web site.

Suggested System Improvement 1. Improvement in the Auctioning Process of Various Types of Scrap in Chennai Port. 2. Importance of providing appropriate payment, Inspection & Rejection Terms in High Value Machinery & Plant Contracts. 3. Appreciation of Reasonableness of Rate in Tender Committee Meeting 4. Care to be taken while Preparing Proposal & Estimate for Work and Supply Contracts 5. Streamlining Decision Making and Process Flow in Refund/Reclassification cases etc.

Annual Report 2017 -2018 37 2 (a) CITIZEN’S / CLIENT’S CHARTER (CCC)

The CCC of Chennai Port has been updated and posted in the Port’s website www.chennaiport.gov.in in English and Hindi version.

3. IMPLEMENTATION OF RTI ACT, 2005 IN CHENNAI PORT TRUST

The Chennai Port Trust had implemented the RTI Act, 2005 w.e.f. 12.10.2005. Under the provisions of the Right to Information Act, 2005, the Trust has designated the Deputy Chairman as First Appellate Authority, all the 8 Heads of Departments as Public Information Officers and an officer from each department as Assistant Public Information Officers to deal with the Applications/Appeal under RTI Act, 2005. The Name boards have been displayed exhibiting the name of First Appellate Authority and Public Information Officers / Assistant Public Information Officers at prominent places of the Port for the guidance of information seekers and also to create awareness among Port employees, Port users and general public. A separate RTI Counter has been opened at “In-gate” of the Administrative Office Building and one staff has been exclusively posted to receive the applications / first appeals under RTI Act and also to assist the public under RTI Act. The help desk is functioning during office hours i.e 10:00 Hrs to 16:30 Hrs. Online RTI Portal is also introduced in Chennai Port w.e.f. 14.03.17 and hence RTI Application or Appeal can be submitted through online portal.

Payment of fee under RTI Act:

The applications / first appeal seeking information under RTI Act are accepted in any form i.e. directly / postal / e-mail etc. with the prescribed fee of `10/- by Cash/Money Order/Postal Order and Demand Draft.

All the Regulations of Chennai Port Trust framed under the Major Port Trust Act 1963, and all other information as required under Section 4(1) (b) of the RTI Act 2005, had been published on the Trust’s website viz. www.Chennaiport.gov.in

During the year 2017-2018, a total of 211 applications and 27 first appeals have been received and disposed. Apart from this, PIOs of Chennai Port Trust had attended the Video Conferences conducted by Central Information Commission (CIC) and disposed 2 nos. of Second appeals during the year 2017-18.

Quarterly Return of Chennai Port Trust under RTI Act is being uploaded in the CIC’s website and in the Trust’s Website.

Annual Report 2017 -2018 38 4. STRENGTH OF STAFF AND EXPENDITURE

A comparative statement of the strength of Staff (other than shore labour) and the expenditure on them during the last three years ending 31st March is given below:

st 31st March 2016 31st March 2017 31 March 2018 Strength of Officers 297 274 247 Strength of Staff excluding 4800 4040 3841 Shore Labour (Class III & IV) Salaries & Wages of Officers ` 34,38,19,827 33,77,08,607 30,97,60,644 Salaries & Wages of other Staff ` 3,11,56,36,334 3,06,48,65,635 2,72,69,16,564 Ex-gratia/Productivity Linked Bonus to Officers and Staff ` 3,30,23,589 10,05,50,391 6,03,32,395

The expenditure on staff given above includes payment to Project Staff which is charged direct to works, the details of payment to Project Staff are given below:

2015-2016 2016-2017 2017-18

Salaries, wages ` 3,27,10,726 4,80,54,729* 2,85,51,135 Ex-gratia/Productivity Linked Bonus ` 2,00,000 -- - *Salaries, Wages & Bonus

Payment made towards pension and gratuity during the year amounted to `326.20 Crore as against ` 219.00 Crore during the previous year.

5. APPRENTICE TRAINING SCHEME a) Under the Apprentice Training Scheme, details of apprentices undergoing training at Mechanical and Electrical Engineering Department in various trades are as detailed below:

Mechanical Electrical Total

Fulltime Apprentices 12 - 12

Graduate Apprentices 1 1 2

Diploma Apprentices 1 1 2

Diploma Sandwich Apprentices 2 -- 2

Ex. ITI Apprentices - - -

b) No of apprentices under training in the Civil Engineering Department is ‘NIL’

Annual Report 2017 -2018 39 6. STAFF TRAINING

The statistical information of the participants who underwent various training programmes during the year 2017-18 are detailed below:

Sl.No. Training Programmes Total Deliveries Total Participants 1 General Administration 25 424

2 Port Management 12 156

3 Port Operations – 11 142 Technical &Non-Non-Technical

4 Computer Awareness Training Programmes 8 105

5 Work Culture 10 238

Total 66 1065

7. LABOUR WELFARE

7.1 Quarters:

The Trust has provided to the serving officers / employees with quarters at Tondiarpet,

Cassimode, Clive Battery, Spring Haven Road and Napier Bridge near Heavy Workshop. There are

1399 quarters of various types (Types I to V).

7.2 Children Educational Allowance:

The Trust is granting children’s educational allowance of `15,000/-per annum per

child up to a maximum of two children of each employee in the category of class III & IV

studying from L.K.G. to Higher Secondary Courses and polytechnic courses.

7.3 Family Planning Scheme:

The Trust is following a Family Planning Scheme in order to encourage Small Family Norm

among the employees of the Trust. As per the scheme, the Trust is granting one-time incentive of

`100/- and a special increment of 3% of his / her respective revised pay scale to each of the

employees who undergoes sterilization operation in respect of himself / herself or his / her spouse

after having one or two children.

Annual Report 2017 -2018 40 7.4 Community Hall:

The Trust has constructed a Community Hall named after Thiru V.Selvaraj,I.A.S., to celebrate religious/social functions at Tondairpet Housing Colony. The Community hall is allotted per day to the serving/retired employees for the deceased/retired employees’ relatives and for the outsiders.

7.5 Family Disputes:

Family disputes among the employees of the Trust and their relatives reported have often been solved from time to time.

7.6 Chennai Port and Dock Educational Trust’s Higher Secondary School:

With a view to provide better educational facilities to the children of the employees of the Trust and nearby residents studying from L.K.G. to XII Std. Course in the Chennai Port and Dock Educational Trust’s Higher Secondary School with English / Tamil as a medium of instruction at the Chennai Port Trust Tondiarpet Housing Colony. The Trust is providing education to the wards of the employees of the Trust at free of cost from LKG to X std and also to children of marginalized people living around the Tondiarpet Housing Colony.

Apart from Trust’s Higher Secondary School, a Corporation High School is functioning for the benefit of the children of the occupants of the Housing colony.

7.7 Welfare Committee:

A Welfare Committee consists of 15 members was formed to take care of efficient and orderly maintenance of the Tondiarpet Housing Colony and to promote co-operation, cleanliness, peace, amity and cordiality among the residents of the Colony since 1991.

7.8 Officers’ Club:

An Officers’ club is functioning for the benefit of the Officers of the Trust.

7.9 Staff Institute:

A Staff Institute has been functioning at Anchor Gate Building in which Carrom, Chess, Gym, Yoga, Billiards and other Sports Games are practiced by the staff of the Chennai Port Trust for entertainment as well as maintenance of physical & mental health and it is also provided with a library.

Annual Report 2017 -2018 41 7.10 Sports Activities:

A Stadium named as Babu Jegajeevan Ram Sports Complex had been constructed at Tondiarpet Housing Colony with a long pavilion having a capacity of thousand viewers and a gym for men & women residing at Tondiarpet Housing Colony & at Napier bridge officers’ quarters to practice exercises and Yogasanas and help them maintain their physical and mental health.

7.11 Canteens:

There are 2 major Canteens functioning in the Chennai Port Trust. Out of the 2 Canteens, one Canteen named as Chennai Port Trust Industrial Employees’ Co-operative Canteen Ltd. (CHPTIECC Ltd) which is functioning at inner harbour and another named as Chennai Port Trust Administrative Offices Canteen is being outsourced by the Trust which is functioning at Administrative offices.

7.12 Tamil Sangam:

In order to promote Tamil Language and patriotism and unity among the employees of Trust ‘Tamil Sangam’ is conducting various programmes such a poetry competition, pattimandurm competition and oratory meeting and various debates on publicizing the fame of Tamil Literature, Culture, Old Poets and Freedom Fighters from time to time.

7.13 House Building Advance and Contribution on Chennai Port Trust Employees House Building Advance Special Family Benefit Fund: None of the employees have availed house building advance during the year. As at the close of the year, the cumulative number of employees having availed house building advance is 331. The amount disbursed during the year was `1.80 Lakhs.

Each of the employees who have availed House Building Advances from the Trust contributes Rs.70/- on CHENNAI PORT TRUST EMPLOYEES HOUSE BUILDING ADVANCE SPECIAL FAMILY BENEFIT FUND (Chennai Port Trust EHBASFB). The fund is used to compensate the liquidity of the employee towards HBA including interest thereon in the case of an employee dies in harness.

7.14 Women Employees’ Welfare Association:

For the welfare of the women employees working in the Trust, a committee named Women Employees’ Welfare Association has been functioning well by conducting various awareness programmes on Medical treatment, Stress Management, Skin Care, Production of Handicrafts etc. Competition for women was conducted and prizes were distributed to the winners on International Women’s Day.

Annual Report 2017 -2018 42 7.15 Workers Education Scheme:

The Trust is following a scheme called Workers Education Scheme in association with Govt. of India, Ministry of Labour and Employment for the employees of Class III and IV to make them aware of the social, economical and political events of the country and the world.

7.16 Family Security Scheme:

A sum of Rs.16/- is deducted from the salary of each employee of the Trust for payment to the employees who died while in harness. The family of the deceased employee is paid a sum of `20,000/- at the time of final settlement. Under the Family Security Scheme, families of 11 employees were given relief at the rate of `20,000/- during the year 2017-18.

7.17 Funeral Expenses to the Family of Deceased Employees:

A sum of `2,000/- is granted to the family of deceased employee for funeral expenses.

7.18 Sports Council:

The particulars regarding the participation of Chennai Port Trust teams in the All India Major Ports tournaments and other tournaments in each discipline for the year 2017-2018 are furnished below: -

7.18.1. HOCKEY: Chennai Port Trust Hockey team has participated in the All India Major Ports Hockey championship held at Mumbai Port Trust and the team won the 3rd place. Shri OM Magesh, Sr. Works Clerk, M&EE Department was awarded the best player.

7.18. 2. Table Tennis: Chennai Port Trust Table Tennis team participated in the All India Major Ports Championship held at Vishakapatnam Port Trust from 03rd to 05th Jan. 2018. Shri P. Vijay Anand, MRE, Marine Dept. and Shri Vijayaraghavan, J.E., M&EE Department won the Bronze medals in the doubles event for 45 plus age group.

7.18. 3. Weightlifting: Chennai Port Trust Team won 3rd place in the All India Major Ports weightlifting championship conducted during 26th to 28th March 2018. Shri.N. Anandan, Sr. Works Clerk, Engg. Dept. won the Gold medal, Shri E. Premkumar, S.A., Engg Dept, D. Baskar, Medical Dept., and R. Manikumar, Engg. Dept won the Bronze medals.

7.18. 4. Body Building: Chennai Port Trust Body Building team has won the 3rd place in the All India Major Ports Body building Championship conducted during 26th to 28th March 2018. Shri. Md. Nizamudin, Mason, Engg. Department has won the Bronze Medal.

Annual Report 2017 -2018 43 7.18. 5. Shuttle: Chennai Port Trust Shuttle team won 2nd place in the All India Major Ports Shuttle championship held at Kamarajar Port Ltd., from 02nd to 04th April, 2018. Veteran team won the 3rd place.

7.18. 6. Kabaddi: Chennai Port Trust Kabaddi Team won 2nd place in the All India Major Ports Kabaddi Championship held at V.O.Chidambaranar Port from 16th to 18th November, 2017.

7.18. 7. Lawn Tennis: Chennai Port Trust Lawn Tennis Team participated in the All India Major Ports championship held in New Mangalore port Trust from 08th to 10th Feb. 2018.Shri B.D Giridharan, O.S., Marine Dept. under veteran above 50 individual singles and won the silver medal.

7.18. 8. Carrom: Chennai Port Trust Carrom Team won 1st place in the All India Major Ports Carrom Championship at Vishakapatnam Port Trust from 03rd to 05th January 2018.

7.18. 9. Chess: Chennai Port Trust Chess Team participated in the All India Major Ports Chess Championship at Mumbai Port Trust from 03rd to 05th January 2018 and won the 3rd place.

7.18.10. Technical Officials achievement in the National / International level:

Shri. Md. Riaz, A.S. Finance Department was nominated as a coach for the IAAF level II in Jakarta during October 2017.

Shri. C.K. Sathyan, A.S. Traffic Department nominated as Technical official by the Athletic Federation of India to officiate in the 33rd National Junior Athletic meet.

Shri.S. Paul Arokia Raj, S.S., Traffic Department was conferred with the title of FIDE instructor by FIDE (Word Chess Federation) and was the Chief Arbiter in the 2nd Physically Disabled National Chess Championship 2017.

Shri. M.S. Annakumar, Gateman, Traffic Department officiated as umpire in the 6th Late Hussian All India Hockey Championship held at Pune, Maharashtra during 2017.

Shri. K.S. Ilangovan, Sr. Asst., M&EE Department was nominated as Technical official for the 44th Junior State Aquatic championship held at Chennai.

Shri. D. Bhuvaneshwaran, Mazdoor, Traffic Department was nominated as Referee for the Sub Junior and Junior National Billiards and Snooker Championship during November 2017.

Shri. D. Clement Lourthuraj, Sr. W. Clerk, was nominated as HUT Hockey team manager for the 91st MCC Murugappa Gold Cup All India Hockey tournament in Chennai during July 2017.

Smt. G. Vijaya, O.A. Engg. Department was nominated as coach for 44th Junior Girls State Kabaddi team during November 2017.

Annual Report 2017 -2018 44 Shri. R. Tabort Jones, Sr. W. Clerk, MEE Department was nominated as official in the Chennai International Youth Coastal-Inter College Men Hockey tournament and also nominated as a tech official for the Tamilnadu State Sub Junior Men team for the 8th Hockey India Nationals.

7.19 Library and Information Service

Chennai Port Library provides Documentation Services viz., Reference Service, Current Awareness and Bibliographic Services to its readers. Similarly, the library acts as a Major Information Resources Centre to fulfill the technical information requirements of Port Managers, Engineers and Employees.

The library comprises various books on fields like Port Management. Port Engineering, Shipping, Cargo Handling, Multi Modal Transportation, Containerization, Civil Engineering, Mechanical Engineering, Dredging, Computers, Management & reference books, Non-book material like proceedings, reports & CDs. The library receives over 40 periodicals.

Dr. Ambedkar Centenary Book Bank: The book bank is functioning in the library to cater to the needs of the professional course students of Port Trust employees.

8. Medical Facilities

The Chennai Port Trust Hospital was inaugurated on the 1st day of July, 1939 as a small Dispensary and after 79 years it now functions as a full fledged Secondary Care Hospital. The hospital has three units: -

1. The Main Hospital complex housing the Medical & Surgical Specialities, Laboratory, Casualty, Intensive Care Unit, Operation Theatre Complex etc.

2. Diabetic Super Specialty Centre at the Diamond Jubilee Building opposite to the Main Hospital, which has most of the outpatient specialties and allied services including a dedicated Diabetology Service.

3. An exclusive Dispensary is located in the Tondiarpet Housing Colony for the benefit of those living in and around the Trust’s Quarters.

The 125 bedded Hospital has all broad Specialties (Medical & Surgical) and caters to a population of around 4,500 employees and their dependants and 15,000 retired employees & their spouses. In addition, the hospital also caters to employees of other Ports, CISF, IMU etc.

Annual Report 2017 -2018 45 Services Available & Rendered:

• Dedicated six bedded Intensive Care Unit.

• NABL Accredited Laboratory.

• State of the art operation theatre suites.

• Dialysis Wing.

• An exclusive Diabetic Specialty Service.

• Recently modernized ward with semi private cubicles.

• State of the art equipment for both diagnosis and treatment.

The hospital is professionally taken care of by 25 regular doctors of all specialties, 12-part time consultants and 3 full time specialists. The hospital engages the service of part time visiting Specialists for such of those Specialists which are not available and also to enhance the service in available Specialties for the comprehensive benefit of the Trust’s patients.

The hospital has an elaborate Medical Stores Division taking care of the procurement of surgical, medical and essential medicines. The hospital has also empanelled Government and Corporate Hospitals at CGHS rates for Super Specialty treatment and for services not available with Trust.

Allied Services:

The hospital also performs State of the Art surgeries like hip and knee joint replacements, Trauma Surgeries, Arthroscopic surgeries, major general surgeries including breast, thyroid and abdomen, Intraocular lens replacement for Cataract etc., 215 major surgeries and 67 minor surgeries totaling 282 were performed during the year 2017-18.

Census:

The average daily outpatient census is 568 and in-patient census is 52. The annual outpatient census is 166499 and inpatients is 15110. The annual and the Average bed occupancy is around 60%.

First Aid & Ambulance

The Ambulance and First Aid Service, Casualty (Emergency room) and ICU work round the clock. There are 5 ambulances and 2 First Aid Service Posts at various points scattered across the Port to deal with emergencies and also to transport them to appropriate places.

Annual Report 2017 -2018 46 Hospital Kitchen & Diet:

The in-house kitchen is manned by a permanent Dietician & Nutrition Specialist who personally monitor the dietary requirements of the patients according to their illness and provide nutritional diet to all patients.

On Going Cleanliness Programmes

• Swatch Bharath Abhiyan awareness programme have been conducted during the first week of every month.

• Swatch Bharath Abhiyan 17-point agenda programme was conducted during June 2017.

Preventive and Promotive Health Care • World Health Day observed on 07.04.17 with the theme on stress • An evacuation drill at times of Major Fire was carried out in the Hospital in April 2017 • Dengue Awareness programmes were conducted at Tondiarpet Housing Colony on August 10th and at Administrative Building on the August 11th in Collaboration with Director of public health. • Initiated the scheme of issuing Medical cards to retiring persons for the first ever time in August 2017 • Master health Checkup for Women Employees including Colposcopy, Mammograms, Blood test and other investigations including Bone Mineral Density. • A massive drive to identify potential sites to spread Dengue was carried out along the entire stretch of the Port and remedial measures suggested during the month of October 2017 • ECG (Emergency Core Group) and RAGE (Rapid Action Group for Emergencies) as part of training Officers and Staff in Cardio Pulmonary Resuscitation to save lives at times of Emergency. • World AIDS day was observed on 1st and 2nd of December 2017 • World TB day was observed on the 17th of March 2018 in association with the Indian Medical Association, Poonamalle high Road Branch and Villivakkam/Ayanavaram Branch. • Mock Drill for treating emergencies in hospital was done in the month of February 2018 • Monthly continuing education for Doctors, Nurses and Pharmacists conducted regularly. • Refresher courses for the Doctors, ministerial staff and paramedics on Rules and regulations every month. • Automation for the Hospital was initiated and is in completion stage. This is apart from ERP. • System changes brought up in Hospital Administration during March 2018.

Annual Report 2017 -2018 47 Other facilities

• Specialized House Keeping Services • Chennai Port Trust Hospital has been recognized by the TNMC for award of CME credit points. • Installation of Solar Panels in Main Hospital. • Exclusive Diabetic specialty centre • Drop box for unused medicines • Liquid and solid bio medical waste

• Computerized X-ray system • Modernized Female ward, Male surgical ward and modular office • Hospital automation • Improved state of the art equipment for dealing with newer diseases. • Starting of wellness clinics in the department of Psychiatry, Cardiology & Gynecology as per the guidelines of our National Health Policy • Vision Diabetes

Future Ongoing Plans • Hospital Automation (ERP/HMIS) • Well-equipped and updated Library

9. SWACHH BHARAT ABHIYAN

Swachh Bharath Abhiyan (SBA) or Swachh Bharath Mission (SBM) or Clean India Mission (in English) campaign was officially launched on 2nd October 2014 at Rajghat, New Delhi by Prime Minister Shri.Narendra Modi and aims to clean up the streets, roads and infrastructures of India’s cities, smaller towns and rural areas.

Chennai Port is participating in the mission since 2016 to improve the Port premises clean and neat by carrying out various activities (22 points identified Ministry of Shipping) viz., Cleaning the Wharf, Cleaning and Repairing of Sheds & Port roads, Beautification & Cleaning of Parks Painting road sign, zebra crossing, pavement edges, etc., Modernizing all toilet complexes in operational area, cleaning all toilets, placing dust bins, Painting & Whitewashing all office buildings, Cleaning and painting of Statues and Removing unnecessary vegetation.

A sum of `209.63 lakhs has been spent for the Swachh Bharath Abhiyan activities during the year.

Annual Report 2017 -2018 48 ADMINISTRATION REPORT

GENERAL

1. PROGRESSIVE USE OF HINDI

1) HINDI TRAINING:

During the year 2017-2018, the number of employees/officers passed the examinations was as under:

Name of the course No. of employees / officers passed

Prabodh 37

Praveen 15

Pragya 15

Hindi Typewriting/Stenography 1 (undergoing)

2) USE OF HINDI FOR PRESCRIBED PURPOSES:

During the year 2017-2018, 193 documents were issued bilingually as required under section 3(3) of the Official Language Act, 1963. Accordingly, sec 3(3) of O.L. Act was complied with fully.

3) MECHANICAL AND ELECTRONIC DEVICES:

Hindi software was installed in all the computers.

4) ORIGINAL CORRESPONDENCE IN HINDI:

During the year, 611 letters were issued in Hindi by the Chennai Port Trust to Regions A, B & C.

5) CASH INCENTIVE FOR EMPLOYEES CHILDREN:

Cash Incentives were given to 34 children of Officers/Employees of Chennai Port Trust who have passed various Hindi Examinations conducted by Dakshin Bharat Hindi Prachar Sabha.

6) OFFICIAL LANGUAGE IMPLEMENTATION COMMITTEE:

OLIC Meetings are conducted regularly once in every quarter. During the OLIC meetings, discussions were held on various items regarding Implementation of Official Language Policy and actions are taken to implement the decisions.

Annual Report 2017 -2018 49 7) HINDI COMPETITIONS:

Hindi Competition were conducted on 07.09.2017 and Chennai Port Trust employees participated in various competitions.

8) CELEBRATION OF HINDI DAY:

Hindi Day was celebrated on 14.09.2017, Shri P. Raveendran, IRTS, Chairman, Chennai Port Trust was the Chief Guest of the function. On that occasion 7th issue of Hindi Magazine ‘Sagar Saloni’ was released.

9) HINDI WORKSHOPS

Hindi Workshops are conducted regularly once in every quarter to motivate the Officers/Employees of the Trust to work in Hindi. Certificates and Books were distributed to the Employees.

10) SPECIAL ACHIEVEMENTS:

Chennai Port Trust Drama Team won the best hindi drama award in the Drama Competition conducted by the Town Official Language Implementation Committee (PSU).

Hindi Signature campaigning was organized for awareness of O.L. Act and rules among the Officers/Employees of the Trust.

2. DETAILS OF THE MARKETING EFFORTS:

The marketing team is regularly organizing promotional activities like frequent Industrial visits, conducting inter-active sessions with the stake holders on commodity basis to achieve the target and improve the port trade. The events conducted are furnished:

Industries Visit:

Sl. No Date Name of the Industry visited

1 16.06.2017 M/s. JSW Steel Ltd.,

2 19.06.2017 M/s. Ramco Cements Ltd.,

3 20.06.2017 M/s. Dalmia Cements Ltd.

4 21.06.2017 M/s. GIMPEX Ltd.

5 27.06.2017 M/s. IBC Ltd., (Barytes)

Annual Report 2017 -2018 50 6 01.07.2017 M/s. Dharani Sugars & Chemicals Ltd.

7 07.07.2017 M/s. Trimex Sands Pvt Ltd. (Barytes)

8 12.07.2017 M/s. India Cements Ltd

9 15.07.2017 M/s. Ashapura Group of Industries. (Barytes)

10 20.07.2017 M/s. Tamilnadu Petro Products (Industrial Salt)

11 27.07.2017 M/s. Kamachi Logistics and Services (Scrap)

12 02.08.2017 M/s. Sree Rayalaseema Alkalies and Allied Chemicals Ltd. (Castor oil derivatives, Caustic potash) 13 09.08.2017 M/s. Aakar Enterprises (Timber / Plywood)

14 11.08.2017 M/s. Kothari Sugars and Chemicals Ltd.,

15 18.08.2017 M/s. Bahri Shipping Lines

16 05.09.2017 M/s. Bharathi Cements Ltd.

Trade Facilitation Meet:

1. Chennai Port conducted meeting with Container Shipping Lines on 1st March 2018 to address their grievances and the issues involved in VRC concession.

2. A meeting was convened on 02.03.2018 with FSSI and other accredited lab officials for setting up of Laboratories in Chennai Port for various statutory test requirements

3. A trial run conducted by the Service Operator, M/s. Sai Ram Narayanan Enterprises Pvt. Ltd., from Chennai Port to Puducherry Port to promote coastal movement of container on 23.02.2018

4. To attract more cargo from Chennai Port hinterland, a trade meet, as part of Ease of Doing Business with Port user associations, various Chamber of Commerce & Industries, Exporters and Importers and other stake holders was conducted on 16th March 2018.

Annual Report 2017 -2018 51 Inter-active Session / Meeting:

Sl. No Date Name of the Event Purpose

1 21.04.2017 Meeting with Container stake Analyze measures to reduce cost and & holders viz. CCTPL, CITPL, dwell time of cargo clearance in 12.05.2017 CHENSAA, CCBA etc. Chennai Port.

2 09.06.2017 Meeting with the Importers / Promotion of dry bulk cargo volume Exporters handling agents through Chennai Port of Dry Bulk cargo

3 13.06.2017 Meeting with Oil companies For laying of 42” pipeline from Chennai (POL) Port to Ennore.

Concessions extended

1. 15% concession on VRC for all container vessels

2. Concession on VRC for short haul container services ranging from 2% to 15% and for long haul container services from 5% to 40%.

Annual Report 2017 -2018 52 ADMINISTRATION REPORT

DEVELOPMENTAL PROJECTS

A. PPP PROJECTS

1. Development of Chennai Mega Terminal (Renamed as “Development of outer Harbour” (Est. Cost: `5100 Cr.)

The Mega Container Terminal planned in 2007-08 on North of BD failed to take off due to the global recession. Even after it was restructured as Outer Harbour Terminal, there was no investor interest. However, as the Project was approved by the Cabinet after due diligence, it is deferred for reconsideration in case of future demand for such features.

2. Development of Dry Port and Multimodal Logistics hub near Sriperumbudur (Est. Cost: `415 Cr.; Port’s share `142 Cr.)

About 120 acres of land was taken on a 99-year lease from SIPCOT for development of Dry Port and Multimodal logistics hub. Though the investor’s response was not encouraging due to the global economic recession impacting the EXIM Trade, prospects are likely to improve with resumption and completion of works on the Elevated Road to Maduravoyal. Meanwhile, Sagarmala Cell is inviting RFP for selection of consultant for preparation of Feasibility Report for establishment of a Maritime Cluster in Tamilnadu land and Mappedu is one of the sites under examination for the facility.

3. Development of Barge handling facility (Est. Cost: `27.29 Cr.)

To cater to bunkering for Ship, a 150m long barge terminal was proposed at BD through the PPP mode in 2013. But the project did not reach financial closure as the operator CBTPL failed to fulfilled conditions precedent of the concessionaire agreement. It was terminated in Feb 2016 and though CBTPL resorted to arbitration, the award was in and favour of the Trust.

Meanwhile, the Port planned an alternative proposal of 181 m length in the same area through in-house funds. After the L1 bidder was identified in Dec 2016 the contract for the work was awarded on 31.03.2018 after the favourable arbitral award on the PPP project. The project is scheduled for completion in September 2019.

Annual Report 2017 -2018 53 4. Development of Dry Dock at Timber Pond/Boat basin at Chennai Port Trust (Est. Cost. `315.00 Cr.)

Open tenders were invited during December 2013 & November 2014 based on the Land Lease Model for the Dry Dock facility failed to yield any response. Subsequently as ICG offered to develop the Dry Dock on a 30 years lease, a draft MoU was sent to ICG during March 2015 and is still under the consideration of MoD. The request of ICG for further extension upto 31.03.2019 accepted and granted.

Based on the directions of MoS, IIT-M had submitted a proposal for conducting Feasibility Study for converting a part of JD to Dry Dock. Upgrading the slipway is also under consideration.

Meanwhile IPA has floated RFP for appointing Consultant to explore the opportunity for development of ship repair facilities for DBFOT on PPP (Feasibility Report) in 3 Ports viz., ChPT, VPT and VoCPT. Tender opened and under evaluation.

5. Development of Bharthi Dock II as Coal Terminals on DBFOT basis (Est. Cost: `180 Cr)

After examining options, it was decided to develop a Coal Terminal through PPP mode subject to favourable recommendations from the Empowered Committee constituted by Hon’ble Supreme Court. The Port is taking measures to comply with the recommendations of the Empowered Committee. After requirements in the EC report are satisfied, TNPCB will be approached for resumption of Pollution free coal handling at this Port. Meanwhile, a proposal for developing a Bulk Cargo terminal at BD-II as a captive facility / other mode is also under formulation / consideration.

6. Development of Jawahar Dock (East) as Coal Terminals on DBFOT basis. (Est Cost `360 Cr.)

After examining options, it was decided to develop a Coal Terminal through PPP mode subject to favourable recommendations from the Empowered Committee constituted by Hon’ble Supreme Court. The Port is taking measures to comply with the recommendations of the Empowered Committee. After requirements in the EC report are satisfied, TNPCB will be approached for resumption of Pollution free coal handling at this Port. As no bids were received for the development of Container terminal and multi cargo terminal, it is now proposed to utilize the berth for handling of coal and other dusty cargoes. Work will be taken up along with Development of BD II as Coal terminals.

Annual Report 2017 -2018 54 B. MAJOR ROAD CONNECTIVITY PROJECTS

1. Four Lane Elevated Corridor (link road) from Chennai Port to Maduravoyal (Est Cost: `1815 Cr (including LA & RR - `470 Cr).

The 19 Km BOT elevated road project from Chennai Port to Maduravoyal was formulated in 2007 to provide direct connectivity from Chennai Port to hinterland through NH4 without interfering with the City roads. The revised estimated cost of the project was `1815 Crs (Civil works: `1345 Crs. R&R `470 Crs). The cost `470 Crs towards LA and R&R would be shared equally by ChPT and GoTN. The project was awarded to a BOT toll operator, but the work stopped in March 2012 due to objection of GoTN on the alignment.

On account of continuous pursuance of Chennai Port and MoS for resumption of project, GoTN on 02.02.2016 made certain suggestions for resumption of the project. Consequently, a Technical Committee has been constituted and the committee after deliberation made recommendations and GoTN issued No Objection for the same on 23.05.2017.

NHAI appointed L&T as a consultant for preparation of DPR on 30.11.2017. The consultant submitted the draft feasibility report on 20.03.2016 for 6 lane elevated road covering the site appreciation, methodology, alignment plan, cost estimate and Bill of Quantities for the project. The final DPR is expected by the second week of October 2018.

A review meeting conducted by Hon’ble Minister of State for Finance & Shipping on 05.10.2018 at Chennai Port and directed that the pre-activities for commencing the project viz., submission of final DPR, shifting of PAFs and exchange of land between Navy and Chennai Port will be completed within timeframe.

The Project is likely to commence early next year.

2. Chennai Ennore Port Road Connectivity Project (formerly EMRIP) (Est. Cost: `600 Cr.)

This 30 km road project connecting the Port to NH 5 involves upgradation and widening of the North Chennai City Roads including Ennore Expressway, Tiruvottiyur-Ponneri Panchetti roads, Manali Oil Refinery Road & Northern segment of Inner Ring Road is being implemented by NHAI. Chennai Port is one of the SPV partners with NHAI, KPL & GoTN has paid its entire equity share of `139.80 Cr. The road work is almost completed except 300 m stretch inside the fishing harbour due to relocation of fishing stalls from the alignment of road. Chennai Port continuously pursuing with the concerned officials of GoTN.

Annual Report 2017 -2018 55 OTHER MAJOR PROJECTS

I. COMPLETED PROJECTS:

1. Supply and fixing of Cell Fenders at SQI & SQII and BDII & BDIII berths (Est.Cost: `3.82 Cr.)

The works were planned for ensuring berthing of vessels at the above locations in a safe manner. Work completed in 16.05.2017.

2. Construction of Peripheral compound wall in the new alignment between Gate No.4 and Gate No.6 for Southern Railway (Deposit work for Southern Railway – Est.Cost : `9.85 Cr.)

The Work was implemented to secure the Port’s western boundary after exchange of Port land with Southern Railway for laying the 3rd & 4th lines of S.Rly. Work completed in July 2017.

3. Modification / Rehabilitation of Madhusudan Jetty for berthing of Coast Guard Vessel (Deposit work for Indian Coast Guard – Est.cost: `5.36 Cr.)

The Madhusudan jetty which is a part of the Chokkani Dry dock complex was built in 1980s and then leased to the Coast Guard for a Period of 30 years. The works carried out were to upgrade the jetty which had been affected by the Marine atmosphere over a period of 30 years since its construction. Civil works completed in July 2017.

4. Supplying and fixing of Composite square type fenders at JD entrance wall. (Est.cost: `1.31 Cr.)

The Project was proposed to allow safe entry of Panamax vessels also JD basin and berths. Work completed on 19.12.2017

5. Reconstruction of Approach Jetty for BDI Jetty Head Structure at Chennai Port (Est. Cost: `6.48 Cr.)

Reconstruction of the damaged approach Jetty for BDI Jetty Head Structure work for a contract value of `5.87 Cr . Work completed on 11.01.2018.

6. Development of Common Railway Yard inside the Port. (Est. Cost: `19.68 Cr.: Funding: Internal Resources) Contract Value: `15.30 Cr.

The area west of the western yard was developed into a paved surface of width 30 m and 700m length with an additional rail line for full rake loading and was executed by IPRCL (a SPV formed between Major Ports and RVNL for executing rail infrastructure works in Ports) and the work completed on 22.02.2018.

Annual Report 2017 -2018 56 II. ONGOING PROJECTS:

1 Construction of Coastal berth at Chennai Port Trust (Est. Cost: ` 80 Cr. & Capacity: 1 MTPA; Funding: GBS: ` 30 Cr. under Sagarmala; Balance: Internal Resources)

A 260 m long and about 20m wide Coastal berth with 8m alongside draft is under construction at the Northern Sheltering Arm North of the East Quay work is in progress and is likely to be completed in December 2018 and will facilitate handling of Coastal cargoes economically.

2 Development of Paved Storage Yards at Chennai Port for handling Export Cargoes (Est. Cost: ` 54 Cr.; Funding: GBS: `27 Cr; Balance: Internal Resources)

The Project envisages development of about 11.50 Ha. of open storage area with high quality concrete pavement for storage of dry bulk cargoes, cars etc. As on 07.05.2018 about 36,000 Sq.m area has been developed and completed, out of which around 16,500 Sq.m areas handed over to Traffic Department for handling cargoes. The project is likely to be completed in December 2018.

3. Construction of Concrete Roads around EXIM Godowns (Est. Cost: ` 4.43 Cr.)

Approach roads around EXIM Godowns completed except at the portions of fallen coal conveyor systems. Physical Progress of work: 91% and same will be completed shortly. These roads will facilitate free movement of cargo vehicles without emission of dust.

4. Strengthening of JD4 & JD6 (Est. Cost: `7.36 Cr.)

The contract for strengthening of JD4 & JD6 is in progress. The contractor has completed about 38% of work (Physical Progress) and the completion of work is expected in November 2018. This will enable capital dredging along side JD4& JD6 berths to (-) 14 m CD for handling dry bulk cargo vessels of draft up to 12m.

5. Construction of Bunker Berth at Bharathi Dock (Est. Cost: `44 Cr.; Capacity: 1 MTPA, Funding: GBS: `22 Cr; Balance: Internal Resources)

The proposed 181m long and 18m wide berth will accommodate Bunker Tankers up to 10000 DWT and 150m length and is proposed in lieu of the PPP Barge handling facility. A two tier pipe line trestle for carrying upto 4 Nos of 300 mm dia and pipelines in each tier will run from the berth to the shore. The purpose of the project is exploiting potential for bunkers from ships calling at the Port and OPL for main line vessels passing Chennai Coast. LoA issued on 31.03.2018. The work is in progress and the completion of work is 13.09.2019.

Annual Report 2017 -2018 57 6. Periodical Monitoring and testing of various environmental parameters inside the Chennai Port Trust (Est. Cost: ` 44 lakhs)

Monthly Ambient Air Quality monitoring, ground water and Marine water monitoring in Chennai Port being carried out regularly. Noise level monitoring being carried out seasonally. The above works are in compliance with the stipulation of the MoEF&CE while according environmental clearance for Port Projects in the Inner & Outer Harbour in the 1990s

7. Supply, Installation, Commissioning and Operation & Maintenance of Continuous on-line Ambient Air Quality Monitoring (CAAQM) stations at three locations inside Chennai Port for a period of 5years (Est. Cost: ` 4 Cr.)

Supply and installation of three continuous Ambient Air Quality Monitoring system completed. The Project was implemented to comply with the recommendations of the Empower Committee of the SC for handling dusty cargoes in an Environmental Eco friendly manner. Electronic display boards are displayed at different locations inside the boundary walls of the Port and display levels of AAQ inside the Port. Data is being monitored and collected from December 2017 to till date.

8. Environmental Consultancy:

a. Emission Inventory and source apportionment in the vicinity of Chennai Port and adjoining residential areas.

The Project was implemented to comply with the recommendations of the Empowered Committee of the Supreme Court for handling dusty cargoes in an Environment & Eco friendly manner completed and submitted the final report by IIT-Madras.

b. Consultancy services to obtain ISO 14001 certification for Chennai Port

Gap analysis completed. Department Draft Manuals are completed. This is the part of measures taken to ensure that the Port achieve its objective of becoming a clean & Green Port handling clean cargoes.

III. FUTURE PROJECTS.

1. Development of Dedicated container corridor to NHAI road for quick evacuation, Chennai. (Est. Cost: `100 Cr.)

The purpose of the project is to create exclusive corridor for efficient container evacuation without interference from other cargo vehicles which will move on the existing Port roads. It is proposed to seek GBS for implementing the Project. Action is being taken by IPA for appointment of DPR consultant for the project.

2. Development of Dry Port cum Multimodal Terminal at Jolarpet (Est. Cost: `200 Cr.)

Development of Multi modal logistic hub with rail connectivity to Chennai Port. Action is being taken by Sagarmala Cell for appointment of DPR consultant for the project.

Annual Report 2017 -2018 58 3. Development of Integrated Dry Port and Multi-modal Logistic Hub at Mappedu near Sriperumbudur. (Est. Cost: `415 Cr.)

121.74 acres of land at Mappedu was acquired for long term lease (99 years) from SIPCOT, GoTN. Due to global recession, PPP bids failed. Bids invited on land lease model was also fruitful as SIPCOT imposed sub-lease charges.

NHAI & MoRT&H have proposed to develop Multi Modal Logistic park at 80 acres of lands owned by ChPT at Mappedu & ChPT has given consent for preparing Feasibility Report and NHAI has appointed Consultant for Feasibility Study.

MoS through SDCL invited RFP for selecting a consultant to prepare a DPR and Master Plan for Establishment of a Maritime Cluster in Tamil Nadu, the land at Mappedu is one of the suggested locations in the RFP. The appointment of Consultant is in the evaluation stage.

D. MUTATION OF ALL LAND RECORDS

A contract was awarded during Nov’2015 for Mutation of Surveyed and Unsurveyed land records in favour of Chennai Port Trust. Out of 650.14 acres of Surveyed land, PLR extract and FMB sketches for 616.07 acres land were received so far by the Port. Patta / PLR Extracts was already obtained for quantity of 612.44 acres in the previous work which is inclusive of 193.65 Acres of water bound area and hence land area alone is 418.79 acres as Phase-I. This contract work was terminated due to delay and unsatisfaction of work.

Patta / PLR Extracts was obtained of 5.026 acres on 08.01.2018 from Todiarpet Taluk Office.

A new contract work awarded on 09.04.2018 and commenced the work on 18.04.2018 and contract period is 6 months (Phase –II)

The unsurveyed land inside the port and it is expected to be completed shortly. After completion of the survey only, the action will be initiated to issue a PLR / Patta by the revenue officials.

E. GREEN PORT INITIATIVES:

The Ministry of Shipping in India has started a new project to aim to help make major ports across the country cleaner and greener.

Project Green Ports will include 12 initiatives, such as preparation and monitoring plans, the acquisition of equipment required for monitoring environmental pollution and setting up sewage treatment plants.

Other projects include setting up facilities for energy generation from renewable energy sources, the completion of Oil Spill Response facilities and improving the quality of harbour waters.

Annual Report 2017 -2018 59 These will aim to promise the cleanliness of the port premises, such as cleaning the wharf, repairing of port roads and modernizing all the toilet complexes in the operational area.

Under the scheme, Chennai Port has taken up various action plan under Green Port Initiatives (12 points) viz., acquiring equipments for monitoring environmental pollution, dust suppression system, plantation, energy generation from renewable energy sources etc., with an estimated cost of `1300 lakhs (approximately) includes spillover proposals for the FY 2018-19.

For the above, MoS sanctioned a grant of `600 lakhs for 2016-17 as financial assistance.

F. SWACHH BHARATH:

Chennai Port is participating in the mission since 2016 to improve the Port premises clean and neat by carried out various activities (22 points identified Ministry of Shipping) viz., Cleaning the Wharf, Cleaning and Repairing of Sheds & Port roads, Beautification & Cleaning of Parks. Painting road sign, zebra crossing, pavement edges, etc., Modernizing all toilet complexes in operational area, Cleaning all toilets, Placing dust bins, Painting & Whitewashing all office buildings, Cleaning and painting of Statues, Removing unnecessary vegetation.

Chennai Port utilized a sum of `731 lakhs from the grant for FY 2016-17 and MoS sanctioned a grant of `329 lakhs towards finance assistance to Major Ports under Swachchta Action Plan.

In this FY 2017-18 also Chennai Port carrying out various activities with an estimated cost of `408 lakhs for which MoS also granted an amount of `200 lakhs as financial assistance.

G. INSTALLATION OF IN MOTION RAIL WEIGH BRIDGE

The Work order for an amount of `14,13,000/- has been awarded to M/s. Pragati Instrumentation Pvt.Ltd., Bokaro for the installation of 140 Tonnes in motion Rail Weigh Bridge which includes the Civil and Electrical works. The same was commissioned and put into operation from August 2017.

Annual Report 2017 -2018 60 H. MODERNISATION OF FIRE FIGHTING FACILITIES

It is proposed to replace the hydrant and Tower Monitor Pipelines, Pumps, Pressure maintenance pumps, Motor/Diesel Engines as per OISD 156 norms along with repairs works to the Control Cabin, Tower Monitors etc. in coordination with major users viz. CPCL and IOCL.

I. PROCUREMENT OF OIL SPILL RESP0NSE VESSEL AND FLEX BARGES AND SHORE CLEAN UP EQUIPMENTS:

Order placed on M/s. A.C. Roy & Co., Kolkata, dated 28/06/2018 for the procurement of 1 No. Oil Spill Response Vessel including 2 Nos. flex barges and shore clean up equipments at a total cost of `12.97 Crores.

J. CRUISE TOURISM FACILITIES The work of development of Cruise Passenger Facilitation Centre at WQIV in Chennai Port Trust was awarded to M/s. Engineering Projects (India) Ltd.(EPIL) at an estimated cost of `16.72 Crores. The entire work was carried out at a revised estimated cost of `17.97 crores.

K. PROCUREMENT OF 1 NO. TRUCK MOUNTED ROAD SWEEPING MACHINES In order to mitigate the dust pollution in Chennai Port, a contract has been awarded for the supply of 1 No. Truck Mounted Road Sweeping Machines along with inbuilt water sprinklers at a total cost of `44.60 lakhs.

L. PROCUREMENT OF 1 NO. TRUCK MOUNTED FOG CANNON MACHINES In order to mitigate the dust pollution in Chennai Port, a contract has been awarded for the supply of 1 No. Truck Mounted Fog Cannon Machine at a total cost of `48.85 lakhs.

M. 400 kw ROOF TOP GRID CONNECTED SOLAR POWER PLANT An order was placed on M/s. Alectrona Energy Ltd., Chennai on 21.09.2016 for the “Installation of 400 kw (0.4MW) roof top solar photo voltaic system at various office buildings of Chennai Port including comprehensive AMC for 5 years after completion of 5 years free guaranteed period”, at a total cost of `2.93,77,179/-. The plant was commissioned and handed over on 10.01.2018

Chennai – 600 001 CHAIRMAN CHENNAI PORT TRUST

Annual Report 2017 -2018 61

CHENNAI PORT TRUST

PART - II STATISTICS OTHER THAN ACCOUNTS 2017-2018

STATISTICS OTHER THAN ACCOUNTS

TABLE NO. CONTENTS PAGE NO.

1A Topography of the Port 67

1B Storage Capacities 68

1C Berth Particulars 69

1D Floating Crafts 70

1E Cargo Handling Equipments 71

2A Total Import Traffic 72

2B Total Export Traffic 73

2C Commoditywise traffic handled during the last five years 74

3 Flagwise Distribution of Cargo 75

4 Distribution of Import Cargo Handled 77

5 Distribution of Export Cargo Handled 78

6 Number and Type of Containers Handled 79

7A Number and Size of Ships Handled 80

7B Operational Statistics for the last five years 81

8 Performance of Ships 82

9 Distribution of Pre-berthing Delay 83

10 Disribution of Non-Working time at berth 84

11 Berth Occupancy 85

12 Availability of Cargo-Handling Equipments 86

13 Utilisation of Cargo-Handling Equipments 87

14 Cargo handling Productivity 88

Annual Report 2017 -2018 65 STATISTICS OTHER THAN ACCOUNTS

TABLE NO. CONTENTS PAGE NO.

15 Container Cargo and Tareweight 89

16 Commodity Wise Export Cargo Received 90

17 Commodity Wise Import Cargo Despatched 91

18 Performance of Dredgers 92

19 Employment at Port 93

20 Particulars of Accidents 94

21 Financial Indicators 95

22 Capital Expenditure of Plan Schemes 96

Annual Report 2017 -2018 66 Type of Dock/Port round the clockround All weather Allartificial weather navigation facilities. navigation one outer harbour outer one and one inner one and harbour with a wet harbour dock a and boat boat basin with (Mtrs.) Turning Circle 1 (Outer 560 with harbour dth of 305 m. 305 of TABLE NO. 1 TABLE VITAL PORT STATISTICS VITAL (A) TOPOGRAPHY OFTHE PORT (A) (Mtrs.) (Mtrs.) 18.6 18.6 m. m.244 from Harbour) below CDbelow to m.410 at Outer the bent channel then portion 19.2 19.2 m. maintains a below CDbelow constant wi Entrance Channel (Mtrs.) Depth Width 7000 m.7000 channel increases 18' E18' About Inner Gradually 0 Location 06' N 06' 80 0 13 Latitude Longitude Length Minimum Minimum No. Diameter

Annual Report 2017 -2018 67 CCTPL - 250700 Sq.mts - 250700 CCTPL CITPL - 276166 Sq.mts. - 276166 CITPL Car parking - 47000 Sq.mts - 47000 parking Car Naval Gun PointGun Sq.mts. - 3000 Naval ***Area includes CONCOR - 13750 Sq.mts - 13750 includes ***Area CONCOR *Exim Godown (2 *Exim nos) each 15x150m (2 Godown 2250+2250=4500 Sq. mts 2250+2250=4500 **Includes 9623 Sq. 9623 **Includes mts space open of paved area (E2 - 5810 Sq.mts, (E2 - 5810 area paved E3 - 3813 E3Sq.mts) - 3813 ------Container Port Inside Capacity / Outside (Sq. Mtrs.) Location ------Number Port / Area Remarks ------Phosphoric Phosphoric Acid, Edible Oil, Hazardous Non liquid liquid Cargo CBFS, Fuel oil ------141215.64 TABLE NO. 1 TABLE Liquid Storage tanks VITAL PORT STATISTICS VITAL Area I Area Area IV Area Inside PortInside 346339.37 Inside Port Inside Inside PortInside - Inside PortInside - Port inside Capacityoutside Tonnes) Type of Location (B) STORAGE CAPACITIES AT PORT AT CAPACITIES (B)STORAGE Inside PortInside - - Inside PortInside - - Inside PortInside 38 Port Inside 205123.73 Edible Oil, - - Port Outside Location *4500 Port Inside - - Area inside

- **672641 Port Inside - - - 196,985.00 Port Inside - 10,738.00 - 55,275.00 - 297,502.82 Port Inside 34 7 37,238 Port Inside - - 4 24,329 Port Inside - - 2 Dry storage Dry Accommodation Number (Sq. Mtrs.) Port / Number Port / / (Kls Cargo Total Covered Area Covered Total - 66,013.00 area*** iii) open Other - 590,616.00 Port Inside a) Covered a) shed/ i) Transit sheds Overflow ii) Ware Houses iii) Exim Godown b) Open b) ii) Vacant Area a) Covered a) shed i) Transit ii) Ware Houses b) Open b) i) Alloted Area Area open Total iv) - 1,085,103.82 Port Inside A) PORT OWNED Type B) (Area OTHERS Allotted)

Annual Report 2017 -2018 68 TABLE NO. 1 VITAL PORT STATISTICS ( C ) BERTH PARTICULARS

Sl. Rated Capacity at Quay No. Berth Type Capacity Desired Draft Length Remarks (MTPA) occupancy (Metres) (Metres) (MTPA)*

DR. AMBEDKAR DOCK : 1 N.Q. Passenger/General/Liquid Bulk 1.0 0.7 8.50 198.00 2 W.Q.1 General/RO-RO/Liquid Bulk 1.4 0.9 11.00 170.60 3 W.Q.2 General/RO-RO/Liquid Bulk 1.5 1.0 12.00 170.60

4 C.B General/Food Grains 2.2 1.5 12.00 170.60 Transit shed attached 5 W.Q.3 General/Food Grains 2.7 1.9 12.00 170.60 Transit shed attached

6 W.Q.4 General/Passenger 2.7 1.9 11.00 170.60 Transit shed attached, 11m upto 795 m 7 S.Q.1 General/Dry Bulk 2.6 1.8 9.50 246.00 9.5 m upto 810 m

8 S.Q.2 General/Dry Bulk/Liquid Bulk 1.4 1.0 9.50 179.00

JAWAHAR DOCK :

9 J.D.1 Dry Bulk/General 4.2 2.9 11.50 218.33 Transit shed attached 10 J.D.3 Dry Bulk/General 4.3 3.0 12.00 218.33 Transit shed attached 11 J.D.5 Dry Bulk (under BRS) /General 3.1 2.2 12.00 218.33 Transit shed & overflow shed attached

12 J.D.2 Dry Bulk/Liquid Bulk/General 4.4 3.1 13.00 218.33 13.5 m during High Water

13 J.D.4 Dry Bulk/Liquid Bulk/General 2.8 2.0 11.00 218.33

14 J.D.6 Dry Bulk/Liquid Bulk/General 3.3 2.3 11.00 218.33

BHARATHI DOCK :

15 B.D.1 POL 6.7 4.7 14.60 355.65 Length between extreme dolphins 16 B.D.2 POL/Other Liquid 2.8 2.0 16.50 382.00 17 B.D.3 POL 25.7 18.0 16.50 325.10 17.0 m during High Water

CHENNAI CONTAINER TERMINAL PVT LTD (TERMINAL - I)

18 C.T.1 Containers 13.40 200.00

19 C.T.2 Containers 13.40 200.00 31.3 26.5 CCTL Operates a Container Freight Station 20 C.T.3 Containers 13.40 200.00 at “O” yard near “O” gate 21 C.T.4 Containers 15.00 285.00

CHENNAI INTERNATIONAL TERMINAL PVT LTD (TERMINAL - II)

22 S.C.B.1 Containers 15.00 287.00

23 S.C.B.2 Containers 29.5 25.1 15.00 270.00

24 S.C.B.3 Containers 15.00 275.00 TOTAL 133.6 102.5 * Desired occupancy for Container berths 85% and Non Containerised berths 70%

Annual Report 2017 -2018 69 TABLE NO. 1 VITAL PORT STATISTICS ( D ) FLOATING CRAFT

Sl. No. Name of Craft Capacity

A-DREDGERS 1 Cauvery-Trailing Suction Hopper Dredger (TSHD) 1700 m3

B-TUGS Bollard Pull (Tons) BHP

1 Sekhizhar 32 2 x 1775 2 Sundaranar 32 2 x 1775 3 Bharathiyar 45 2 x 2481 4 Singaravelar 32 2 x 1700 5 Nethaji 32 2 x 1700 6 Ocean Fame (On Charter) 35 2 x 1800 7 Sealion Apex (On Charter) 45 2 x 1900

C-PILOT LAUNCHES

1 Poomarichan 2 x 603 2 PSM Vianka (Patrol Boat) (On Charter) 2 x 300

D-SURVEY VESSELS/BOATS

1 Survey Launch IV (Condemned, Yet to be disposed) 344

E-MOORING LAUNCHES

1 Velan 162 2 Vignesh 162 3 Mullai 122.5

F-FLOATING CRANES

1 F C Thangam (Condemned, Yet to be disposed) 2 x 1180

G-MULTI PURPOSE HARBOUR VESSEL

1 MPHV Prestige 2 x 235

Annual Report 2017 -2018 70 TABLE NO. 1 VITAL PORT STATISTICS ( E ) CARGO HANDLING EQUIPMENT

Description Number

Shore Electric Crane 15 Tons 2

Diesel Electric Loco i) 700 HP 7 ii) 1400 HP --

Annual Report 2017 -2018 71 TABLE NO. 2A TOTAL IMPORT TRAFFIC HANDLED ACCORDING TO PRINCIPAL COMMODITIES DURING 2017 - 2018 (in tonnes)

Sl.No. Commodity Overseas Coastal Total

(1) (2) (3) (4) (5)

1 CONTAINER 16,899,813 391,539 17,291,352

2 OTHER BREAK BULK 901,738 2,896 904,634

3 DRY BULK:

a) Phosphate 171,325 - 171,325 b) Chemical Manures 27,400 - 27,400 c) Sulphur 31,052 - 31,052 d) Wheat 274,510 - 274,510 e) Others 2,267,594 93,060 2,360,654

TOTAL DRY BULK 2,771,881 93,060 2,864,941

4 LIQUID BULK:

a) Lubricants - 27,970 27,970 b) Other Mineral Oils 9,045,328 2,460,094 11,505,422 c) Palm Oil 701,762 - 701,762 d) Sunflower Oil 617,453 - 617,453 e) Soyabean Oil 8,000 - 8,000 f) Others 109,159 177,719 286,878

TOTAL LIQUID BULK 10,481,702 2,665,783 13,147,485

TOTAL (1 TO 4) 31,055,134 3,153,278 34,208,412

TOTAL IMPORT TRAFFIC 34,208,412

Annual Report 2017 -2018 72 TABLE NO. 2B TOTAL EXPORT TRAFFIC HANDLED ACCORDING TO PRINCIPAL COMMODITIES DURING 2017 - 2018 (in tonnes)

Sl.No. Commodity Overseas Coastal Total (1) (2) (3) (4) (5)

1 CONTAINER 12,213,909 399,259 12,613,168

2 OTHER BREAK BULK 1,511,482 17,281 1,528,762

3 DRY BULK:

a) Food Grains - - - b) Barytes 873,965 - 873,965 c) Others 632,914 60,482 693,396

TOTAL DRY BULK 1,506,879 60,482 1,567,361

4 LIQUID BULK:

a) Lubricants - 69,484 69,484 b) Other Mineral Oils 1,452,024 441,584 1,893,608 c) Others - 75 75

TOTAL LIQUID BULK 1,452,024 511,143 1,963,167

TOTAL (1 - 4) 16,684,294 988,165 17,672,458

TOTAL EXPORT TRAFFIC 17,672,458

Annual Report 2017 -2018 73 TABLE NO. 2C COMMODITYWISE TRAFFIC HANDLED DURING THE LAST FIVE YEARS (In '000 Tonnes) Commodity 2013-14 2014-15 2015-16 2016-17 2017-18 LIQUID BULK POL - CRUDE 10190 10194 9156 9832 10338 PRODUCT 2687 2464 2736 2384 3159 EDIBLE OIL 1033 1079 1262 1211 1327 MOLASSES 77 0 0 0 63 CHEMICALS 90 130 135 117 138 OTHER LIQUID 70 58 57 58 86 TOTAL LIQUID BULK 14147 13925 13346 13602 15111 CONTAINER CCTL 14187 15989 16744 12474 12477 CITPL 14099 13918 13425 16353 17401 INNER HARBOUR 44 38 38 23 27 TOTAL CONTAINER 28330 29945 30207 28850 29905 DRY BULK IRON ORE PELLETS 71 146 0 0 0 BARYTES 532 251 417 577 874 FERT. FINISHED 160 272 61 62 28 FERT. RAW 255 270 199 206 202 WHEAT 272 0 0 571 274 MAIZE/PULSES 35 37 0 0 0 DOLOMITE 1053 996 609 572 437 INDUSTRIAL SALT 0 0 0 0 55 RAW SUGAR 0 0 0 0 153 GYPSUM 357 292 340 361 368 LIMESTONE 2682 2630 1648 1957 1259 COBBLE STONE 162 162 175 151 183 SLAG 253 782 0 0 0 CEM. CLINKERS 0 270 542 572 457 SILICA SAND 0 32 69 100 38 CLAY 0 0 0 11 10 SCRAP 134 69 309 303 41 OTHER DRY BULK CARGO 0 4 40 44 53 TOTAL DRY BULK 5966 6213 4409 5487 4432 BREAK BULK GRANITE 602 516 341 318 349 IRON & STEEL 1407 1419 1321 1498 1787 SUGAR 0 0 17 0 0 CEMENT 18 0 0 0 0 PROJECT CARGO 238 176 99 113 83 TIMBER AND LOGS 84 43 16 10 14 RO-RO 268 269 258 271 181 OTHER/MISC 45 35 44 65 19 TOTAL BREAK BULK 2662 2458 2096 2275 2433 GRAND TOTAL 51105 52541 50058 50214 51881

Annual Report 2017 -2018 74 TABLE NO. 3 FLAGWISE DISTRIBUTION OF CARGO HANDLED DURING 2017-2018

(In '000 tonnes) Sl. Cargo Cargo Tonnage Nationality Non Cargo No. Vessels Vessels Imports Exports Total (1) (2) (3) (4) (5) (6) (7)

OVERSEAS 1 Indian 792 159 4,517 117 4,634 2 Antiguan - 20 5 7 12 3 Bahamian - 16 428 153 581 4 Baharain - 2 87 107 194 5 Barbadian - 4 16 1 17 6 Belize - 2 14 - 14 7 Bermudan - 1 6 - 6 8 British 1 34 904 744 1,648 9 Cayman Island - 2 16 - 16 10 Chinese - 151 2,757 1,993 4,750 11 Cook Island - 1 - 13 13 12 Cypriot 1 4 20 19 39 13 Danish - 1 3 75 94 169 14 Dutch - 7 - 2 2 15 Egyptian - 10 206 156 362 16 French - 1 21 24 45 17 German - 3 24 30 54 18 Greek - 8 453 86 539 19 Indonesian - 1 8 - 8 20 Iranian - 1 28 - 28 21 Italian - 2 127 36 163 22 Japanese - 1 - 1 1 23 Kiribati - 2 9 - 9 24 Liberian - 236 8,338 4,095 12,433 25 Malaysian - 3 11 - 11 26 Maltese 1 60 1,966 993 2,959 27 Marshall Islands - 126 2,799 1,422 4,221 28 Mauritian - 1 - 38 38 29 Mongolian - 1 4 - 4 30 Myanmar/Burmese - 4 - 34 34

Annual Report 2017 -2018 75 TABLE NO. 3 FLAGWISE DISTRIBUTION OF CARGO HANDLED DURING 2017-2018

(In '000 tonnes) Sl. Cargo Cargo Tonnage Nationality Non Cargo No. Vessels Vessels Imports Exports Total (1) (2) (3) (4) (5) (6) (7)

31 Norwegian - 7 486 12 498 32 Palauan 1 2 - 1 1 33 Panamanian - 247 3,505 2,875 6,380 34 Filipino - 5 14 - 14 35 Portuguese - 15 311 411 722 36 Qatari - 1 51 - 51 37 Russian - 1 - 1 1 38 Saudi - 1 10 - 10 39 Singaporean 1 144 3,263 2,772 6,035 40 Korean - 12 66 35 101 41 Sri lankan - 11 - 241 241 42 St. Vincent - 8 159 26 185 43 Thai - 11 23 9 32 44 Turkish - 1 136 - 136 45 Tuvaluan - 15 140 20 160 46 Vanuatuans 4 1 - 14 14 47 Vietnamese - 12 52 102 154 TOTAL 801 1,370 31,055 16,684 47,739 COASTAL 1 Indian - 180 2855 932 3,787 2 Antiguan - 1 23 - 23 3 Bahamian - 1 9 - 9 4 Marshall Islands - 13 108 - 108 5 Panamanian - 25 63 10 73 6 Singaporean - 2 15 40 55 7 Korean - 2 56 - 56 8 Thai - 5 25 - 25 9 Vietnamese - 1 - 6 6

TOTAL - 230 3,154 988 4,142 GRAND TOTAL 801 1,600 34,209 17,672 51,881

Annual Report 2017 -2018 76 (7) Total 3,153,278 1,815,112 16,899,813 34,208,412 (In tonnes) (In

- - - 1,955 - 1,020 - 36,271 - 132,391 - 305,593 - 24,921 - 161,879 - 244,970 - 776,323 - 1,073,335 - 9,581,551 - 391,539 (6) 17,291,352

27 - - - - 873 426 1,955 2,896 1,020 10,571 10,171 87,473 117,373 904,634 671,849 (5) 16,899,813

------1,020 8,000 14,750 290,593 155,190 588,265 (4) Commodities Handled Commodities 2,665,783 1,015,743 1,417,701 6,990,440 13,147,485

TABLE NO. 4 TABLENO.

------93,060 25,700 15,018 57,565 15,000 88,760 (3) 187,632 153,006 309,938 Dry BulkDry Bulk Liquid BreakBulk Containers 2,864,941 1,919,262 1,919,262

DISTRIBUTION OF IMPORT CARGO HANDLED ACCORDING TO ORIGIN DURING 2017-2018HANDLED ORIGIN CARGO TO DISTRIBUTIONACCORDING IMPORT OF Total Origin OTHERSOUTH EAST COUNTRIES ASIAN CONTAINER OVERSEAS CARGO 1 COASTAL 2A US 3* S CI 4 JAPAN 5 GERMANY 6EUROPE WEST 7 SOUTHAMERICA 8EUROPE EAST 9AFRICA EAST 10AFRICA WEST 11 SOUTHAFRICA 12 CANADA 13 14 OTHERS 15 (1) (2) Sl. No. *CIS - Common Wealth of Independent States Wealth - Common Independent *CIS of

Annual Report 2017 -2018 77 121 723 140 944 (7) Total 2,625 16,877 14,178 67,196 72,283 125,263 416,852 988,165 12,213,909 17,672,458 (In tonnes) (In

------2,042,180 - - 1,711,002 ------(6) 399,259 12,613,168

- 121 723 140 944 2,625 16,877 14,178 36,783 28,696 17,281 18,911 (5) 118,563 646,438 626,482 1,528,762

12,213,909

------(4) 35,500 38,500 892,571 369,955 511,143 115,498 1,963,167 Commodities Handled Commodities TABLE NO. 5 TABLENO.

------6,700 6,700 (3) 60,482 60,482 282,443 282,443 503,171 714,565 Dry BulkDry Bulk Liquid BreakBulk Containers 1,567,361

DISTRIBUTIONHANDLEDEXPORT 2017-2018 DESTINATIONOF IN CARGO TO ACCORDING Total Destination OTHERSOUTH EAST COUNTRIES ASIAN CONTAINER OVERSEAS CARGO 1 COASTAL 2A US 3* S CI 4 JAPAN 5 GERMANY 6EUROPE WEST 7 SOUTHAMERICA 8EUROPE EAST 9AFRICA EAST 10AFRICA WEST 11 SOUTHAFRICA 12 CANADA 13 14 OTHERS 15 (1) (2) Sl. No. *CIS - Common Wealth of Independent States Wealth - Common Independent *CIS of

Annual Report 2017 -2018 78 ) ) ) - - - - 26,437 26,437 ( ( ( - ) - ) (6) - ( - - ( - - ) - ( - - ) Total (TEUs) 2,855 2,855 2,855 ( 5,710 Normal (Reefer) 1,523,020 1,523,020 ) 7 7 14 - - - - - (5) (

45ft 576 576

Normal (Reefer) ) 749 749 - - - 1498 11,742 11,742 (4) ( 40ft Normal (Reefer) 428,101 428,101

) - - - TABLE NO. 6 TABLE 1343 1343 2686 2,953 2,953 ( (3) 20ft DURING THE YEAR 2017-2018 DURINGTHE YEAR - - - ( - - ) ( - - ) - ( - ) ( - - ) ( - ) ( - - ) - ( - ) ( - - ) Normal (Reefer) 20,605 (20,605 - ) ( 11,356 - ) ( 124 - ) ( 43,565 - ) 384,172 (384,172 1,800 ) (170,444 ( 246,408 1,153 ) 6,762 ) ( 120,352 ( 379 4,980 ) - ( ) 133 - ( 877,746 ) 15,324 ) ( 411,414 11,113 ) 108,364 (108,364 (278,808 - 1,153 ) ) ( ( 180,195 59,843 4,980 ) - ) ( 183 ( - 50 - ) ) ( 639,564 ( 11,113 228,150 ) - ) 363,567 (363,567 1,800 ) ( 235,052 6,762 ) ( 255 - ) ( 834,181 15,324 ) 665,666 665,666

NUMBER AND TYPE HANDLED NUMBEROFCONTAINERS AND IMPORTS EXPORTS TOTAL (D) TOTAL TOTAL (C) TOTAL TOTAL (A) LCL EMPTY EMPTY EMPTY TOTAL (B) Type (2) LCL (1) Category (D) SHIFTING (B) EXPORTS FCL (C) TRANSHIPMENT LOAD (A) IMPORTS FCL (E) TOTAL (A+B+C+D)

Annual Report 2017 -2018 79 TABLE NO. 7A NUMBER AND SIZE OF SHIPS HANDLED DURING 2017-2018 (in tonnes) Sl. SIZE No. Category No. of Vessels* NRT GRT DWT

(1) (2) (3) (4) (5) (6) 1 Ships for cargo operation

CONTAINER Cellular Combi carriers 669 11,183,057 21,844,401 26,321,482 Container oriented vessels

BREAK BULK CARRIERS 293 2,479,186 5,830,671 5,516,244 DRY BULK Conventional 127 1,904,219 3,321,660 5,644,514 Mechanical - - - -

LIQUID BULK Crude 102 3,949,660 6,875,702 12,656,261 Products 184 1,665,726 3,667,493 5,914,088 Chemicals 16 86,454 190,229 285,874

Vegetable Oils 140 905,414 1,971,040 3,098,332 Others 36 91,832 224,477 337,025

Total (A) 1,567 22,265,548 43,925,673 59,773,820 2 Passenger Vessels (B) 31 138,370 418,181 169,418

3 Others (C) Tourist 2 38,951 88,882 11,266

Grand Total (A+B+C) 1,600 22,442,869 44,432,736 59,954,504 * Excludes non-cargo vessels like bunkering, naval, repair and survey vessels.

Annual Report 2017 -2018 80 TABLE NO. 7B OPERATIONAL STATISTICS FOR THE LAST FIVE YEARS

Sl.No. Description 2013-14 2014-15 2015-16 2016-17 2017-18

1 No. of Cargo Vessels 1804 1790 1733 1600 1600

2 No. of Non-Cargo Vessels 626 569 621 615 801

3 Cargo Handled (In Tonnes) Import 32532618 33687761 32537242 33332004 34208412 Export 18572039 18852919 17521410 16882047 17672458 Total 51104657 52540680 50058652 50214051 51880870

4 Average PBD (Hrs) - Port account 0.90 0.81 0.81 0.79 0.85

5 Average PBD (Hrs) - Overall 9.95 9.81 11.36 9.96 1.71

6 Average TRT (Days) - Port account 1.66 1.63 1.61 1.72 1.79

7 Average TRT (Days) - Overall 2.46 2.54 2.53 2.51 2.21

8 Average Parcel Size 28329 29352 28861 31301 32490 9 Average Ship berthDay Output 15001 15444 15756 15652 16014 (In Tonnes) 10 Overall Berth Occupancy (In%) 49.46 52.00 48.24 50.60 53.58

11 No.of Coastal Passenger Vessels 45 43 38 33 31

12 No.of Foreign Tourist Vessels 3 6 4 5 2

13 Containerised Cargo (In TEUs) 1467855 1551549 1565130 1494831 1549457

14 No.of Cars / Trucks 235653 192747 159334 147644 120565 15 Modal Transport of Cargo (In Million Tonnes) By Rail 6.88 6.86 4.85 5.41 5.03 (13.5%) (13.1%) (9.7%) (10.8%) (9.7%) By Road 30.24 32.75 33.12 32.42 33.06 (59.2%) (62.3%) (66.2%) (64.6%) (63.7%) By Pipelines 13.98 12.93 12.09 12.38 13.79 (27.3%) (24.6%) (24.1%) (24.6%) (26.6%)

Annual Report 2017 -2018 81 0.85 (8) 1600 19.90 50.78 40.72 Total 10.07 42.86 16,014 32,490 51,983,588

478 0.93 8.61 (7) 15.77 54.64 46.02 47.69 13,903 31,652 15,129,487 Liquid Bulk

127 1.37 30.10 80.62 34.72 86.94 (6) 7,390 115.34 35,516 4,510,510

Dry Bulk Dry ------(5) Mechanical Conventional

326 (4) 7,482 2,995 TABLE NO. 8 TABLE 2,439,070

669 (3) 3.90 15.25 0.72 0.81 12.65 25.44 26.91 45.72 30.81 60.98 27.97 49.17 Container Break Bulk

PERFORMANCE OF SHIPS DURINGOFSHIPS 2017-2018 PERFORMANCE (in tonnes)(in 29,904,520 9 ship output per day Average tonnes) (in 34,825 7 time non-working Average Hrs) (in 5 time working Average 6 time pre-berthing Average Hrs) (in Hrs) (in 1 ships of Number 2 handled Cargo 8 sizeparcel Average tonnes) (in 44,700 3 time round turn Average 4 stay at Average berth Hrs) (in Hrs) (in 10 time at berth non-working of Percentage (1) (2) Sl. Description Note : Non-Cargo Vessels like bunkering, naval, repair and survey vessels have been excluded. been vessels have survey Vesselsand repair :Note like Non-Cargo naval, bunkering, No.

Annual Report 2017 -2018 82 423.23 (Col. 4 to 11) – ––– (10) (11) (12) 176.35157.72 110.38 767.06 228.30426.37 5.70988.74 271.91 408.00 387.99 1140.92 2739.21 Agents' Others Total Ship's Account/ Ship's – – – – – Restriction Option 480.33 265.51 174.00 442.64 1362.48 REASONS (in hours) REASONS Strike/ of of work TABLE NO. 9 TABLE ––– –––––––––––––––– Non-availability of ––––––– (3) (4) (5) (6) (7) (8) (9) 669 127 326 478 – 1600 Vessels Berth Tug/Craft Pilot/Crew Stoppage Navigation Draft DISTRIBUTIONTO DURINGACCORDING OFPRE-BERTHINGTHE 2017-2018 REASONS DELAY Operation Operation Total b. Conventional a. Mechanical 1 Container 3 Dry Bulk 2 Break Bulk 4 Bulk Liquid (1) (2) Sl. Category of Ships No. of No. Non-Cargo Vessels like bunkering, naval, repair and survey vessels have been excluded. been vessels have survey Vesselsand repair like Non-Cargo naval, bunkering,

Annual Report 2017 -2018 83 (in hours) account closing sailing ship's 1549.12 181.79 1156.47 1137.59 4117.82 571.92 7.50 819.32 199.51 528.31 2102.74 4972.69 – ––– 2.00 0.42 839.33 9.00 205.50 327.04 1564.63 977.60 4409.25 35.77 173.81 211.58 0.42 1411.25 16.50 2573.94 708.34 3249.41 4217.93 13499.76 TABLE NO. 10 TABLE –– –– –– –––– (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) 564.33 5.25 483.23 0.50 – – of of berth Workers availability Down genstion Cargo of work DISTRIBUTIONOFNON-WORKING BERTHTIME DURING TO 2017-2018 AT ACCORDING REASONS ––––––––––––––– (3) (4) 127 931 57.08 1047.56 5.75 Operation Operation Total b. Conventional a. Mechanical 1 Break Bulk 326 2 Dry Bulk 3 Bulk Liquid 478 57.08 (1) (2) Sl. Category ofNo. Ships No. of Vesselsavailability Non- Absence of Eqpt. Eqpt. Non- Shed Break Lack con- Strike/ Weather Power of Stoppage Conditionsfailure Hatch Waiting opening/ Agent's for option/ Others Total Excludes Vessels Container

Annual Report 2017 -2018 84 TABLE NO. 11 BERTH OCCUPANCY DURING 2017-2018

Sl. Number of Days Percentage No. Berth Available Occupied of Occupancy (1) (2) (3) (4) (5)

DR. AMBEDKAR DOCK : 1 North Quay 365 226 62 2 West Quay - I 365 257 70 3 West Quay - II 365 88 24 4 Centre Quay 364 201 55 5 West Quay - III 365 258 71 6 West Quay - IV 365 213 58 7 South Quay - I 365 335 92 8 South Quay - II 364 182 50

JAWAHAR DOCK :

9 Jawahar Dock - I 365 241 66 10 Jawahar Dock - II 354 200 57 11 Jawahar Dock - III 364 200 55 12 Jawahar Dock - IV 361 151 42 13 Jawahar Dock - V 362 213 59 14 Jawahar Dock - VI 363 194 53

BHARATHI DOCK :

15 Bharathi Dock - I 365 296 81 16 Bharathi Dock - II 365 283 78 17 Bharathi Dock - III 365 290 80

CHENNAI CONTAINER TERMINAL PVT LTD (TERMINAL - I)

18 Container Berth - I 362 1 0 19 Container Berth - II 365 88 24 20 Container Berth - III 365 115 31 21 Container Berth - IV 365 174 48

CHENNAI INTERNATIONAL TERMINAL PVT LTD (TERMINAL - II)

22 Second Container Berth - I 365 143 39 23 Second Container Berth - II 365 178 49 24 Second Container Berth - III 365 169 46

Overall 8733 4694 54

Annual Report 2017 -2018 85 Major –– 1 – Repairs Number of Number ––– ––– – – (Percentage) Short Supply Due to TABLE NO. 12 TABLE Absentism Shortage Equipment Stoppage Others Units of unitsRemarks traffic meet the Required to per day per day Average Average of of Break of overhauledunderwent Demand Supply StaffEquipment Down work 2 0.251 0.251 – – 7 5.99 5.99 – – of (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) AVAILABILITY OF CARGO HANDLING EQUIPMENTS HANDLING DURING OFCARGO 2017-2018 AVAILABILITY Number of (2) Equipments Equipments Wharf ElectricWharf Cranes Diesel Diesel Electric loco 1 2 (1) Sl. Description No.

Annual Report 2017 -2018 86 Reason of geared vessels geared of Arrival of more number number more of Arrival 1.88 42.70 – Net Gross for 1.99 Utilisation 51.43 Hours Hours Percentage of =10/9*100 =10/4*100 Available Actual Percentage - 16584 330 94.66 (8) (9) (10) (11) (12) (13) (14) 10408 50912 26184 83.03 Hours 7+8) Major (Net) (In Hours) =9/4* 100 Working Working Utilisation TABLE NO. 13 TABLE (Hours) off 456 - time Rectification 4-(5+6+ Non-availability due to (4) (5) (6) (7) 17520 480 17520 480 61320 - - - Hours haul and Down Reasons Hours Time availability Available Available less (Gross) Available UTILISATION OF CARGO HANDLING EQUIPMENTS HANDLING DURING OFCARGO 2017-2018 UTILISATION 7 of Number (3) of (2) Equipments Equipments of Over- Holiday Break Other working Working of 2 Diesel Electric loco 1 Electric Wharf Cranes 2 (1) Sl. Description Number Total No.

Annual Report 2017 -2018 87 – – – – – – – – – – HOUR HOUR – – – – – AVERAGE PRODUCTIVITY (TONNAGE) PRODUCTIVITY AVERAGE – – – – – 6207687 711.40 94.84 19.51 – – – – – – – – – – TABLE NO. 14 TABLE – 6– 45.00 495.00 1197 199.50 26.60 2.42 – – – 94 705.00 1410.00 40719 433.18 57.76 28.88 379 2842.50 34492.50 78777 207.85 27.71 2.28 409 3067.50 6135.00 401974 982.82 131.04 65.52 105 787.50 787.50 99462 947.26 126.30 126.30 622 4665.00 4665.00 1873042 3011.32 401.51 401.51 575 4320.00 41032.50 96440 167.72 22.32 2.35 242 1815.00 19965.00 133201 550.42 73.39 6.67 1129 8467.50 59257.50 514578 455.78 60.77 8.68 2112 15840.00 104302.50 947332 448.55 59.81 9.08 1761 13207.50 26272.50 768823 436.58 58.21 29.26 1292 9690.00 19380.00 1252142 969.15 129.22 64.61 4394 32955.00 132232.50 3677913 837.03 111.60 27.81 4332 32497.50 185962.50 2529774 583.97 77.85 13.60 8726 65452.50 318195.00 WORKED WORKED WORKED HANDLED HOOK HOOK MAN NO OF NO HOOKS HRS HOOK HRS MAN TONNAGE PER PER PER CARGO HANDLING PRODUCTIVITY 2017-2018 FORHANDLING THE YEAR CARGO O 51 O KGS)51 AP BULK (MECH) IN IMPORTS ALL GENERAL CARGO IRON & STEEL IRON IRON & STEEL IRON DATUM LINE & CARGO LINE DATUM BAGS BELOW WEIGHING KGS35 BAGS BELOW WEIGHING KGS35 BAGS WEIGHING (35 BAGSKGS KGS)51 (35 TO WEIGHING PHOSPHATE PHOSPHATE & WHEAT BY GRAB ALL ALL TYPES OF ORES & MINERALS BAGS ABOVE WEIGHING KGS51 ALL ALL TYPES OF ORES & MINERALS PHOSPHATE PHOSPHATE & WHEAT BY GRAB IRON SCR IRON ALL ALL TYPES OF ORES & (HMC) MINERALS ALL ALL TYPES OF ORES & (HMC) MINERALS TOTAL TOTAL EXPORTS ALL GENERAL CARGO IMPORT AND EXPORT IMPORTTOTAL EXPORT AND BAGS ABOVE WEIGHING KGS51 BAGS WEIGHING (35 BAGSKGS (35 T WEIGHING

Annual Report 2017 -2018 88 TABLE NO. 15 CONTAINER CARGO AND TAREWEIGHT OF CONTAINERS 2017-2018

Container Tareweight Total Cargo (1+2) (1) (2) (3)

25,203,094 4,701,426 29,904,520

Annual Report 2017 -2018 89 –– % Tonnes % - - - - 873965 4.94 12613168 71.24

2212409 12.50 75 ------2004394 100.00 2004394 11.32 - - - TABLE NO. 16 TABLE 873965 6.43 873965 6.43 927136 6.82 927136 6.82 Tonnes % Tonnes 11792802 86.75 11792802 86.75 DURING THE YEAR 2017-2018 DURINGTHE YEAR ------820366 38.96 820366 38.96 Tonnes % 2105564 100.00 13593903 100.00 2004469 100.00 17703936 100.00 Received by Rail Received by Road Received Through Pipeline Total COMMODITYBYDIFFERENT EXPORTMODES RECEIVED OFTRANSPORT CARGO WISE Total 5 Cargo Other 1285198 61.04 3 Container 4 P.O.L 2 Ore Other 1 Ore Iron Sl. Commodities No.

Annual Report 2017 -2018 90 0.59 0.08 50.60 15.09 33.64 100.00 –– –– Total 27,400 Tonnes % 202,377

% - - - - - 2.46 5,157,107 97.54 11,498,456 100.00 34,176,692

17,291,352

------289537 Tonnes 11498456 ------TABLE NO. 17 TABLE 27400 0.14 27400 0.14 3058344 15.71 3058344 15.71 9462196 100.00 11787993 DURING THE YEAR 2017-2018 DURINGTHE YEAR - - 202377 1.04 ------Tonnes % Tonnes % 1809226 61.82 1809226 61.82 2926503 100.00 1 1117277 38.18 1117277 38.18 16174075 83.11 Despatched by Rail Despatched by Road Despatched Through Pipeline COMMODITYIMPORTBYDIFFERENT DESPATCHED MODES WISE CARGO OFTRANSPORT Total 7 Cargo Other 4 Coal Thermal 6 Container 3 Material) Fertilizer (Raw 5 Coal Other 2 Fertilizer 1 P.O.L Sl. Commodities No.

Annual Report 2017 -2018 91 TABLE NO. 18 PERFORMANCE OF DREDGER CAUVERY DURING THE YEAR 2017-2018

Sl. Particulars Unit Name of Dredger* Remarks No. Cauvery (1) (2) (3) (4) (5) 1 Quantity dredged Lakh m3 2.00200 2 Working days (Dredged Days) Days 145

3 Non-Working days

a Sundays & Holidays Days 71

b Dry-docking Days – c Over-haul

d Repairs, Maintenance & Bunkering Days 71 e Bad Weather Days – f Crew shortage, No D.M. & No Engineers Days 78 g Others (Non availability of berth) Days – 4 Total days (2+3) Days 365

5 Quantity dredged per working day m3 1380.69 6 Rate per Cu.m. of dredging a Including depreciation & Interest ` 589.98 b Excluding depreciation & Interest ` 467.94 * The dredger is Port owned

Annual Report 2017 -2018 92 303 5,132 Shore Number of Cargohandling Total Workers Other than Shore 550 417 TABLE NO. 19 TABLE 2,415 1,072 Number of Non-cargo Number of cargo Class IIIClass IV Class III Class IV Class Workers EMPLOYMENT AT PORT - CLASSWISE (AS ON 31.03.2018) (AS EMPLOYMENTPORT CLASSWISE AT - Number and Category of Officers handling Employees handling Workers 240 135 Class IClass II Class

Annual Report 2017 -2018 93 TABLE NO. 20 PARTICULARS OF ACCIDENTS DURING 2017-2018

Sl. Causation Number No. Fatal Non-Fatal Total Port Non-Port Port Non-Port Port Non-Port 1 Persons falling – – 787 – 787 – 2 Falling of objects – – 14 – 14 – 3 Stepping on, striking against or struck by objects – – 41 – 41 –

4 Caught in between objects – – 1 – 1 – 5 Over-exertion or wrong movements –––––– 6 Exposure to or contact with extreme temperature ––––––

7 Explosions –– – – – – 8 Exposure to or contact with harmful substances including radiation –– – – – –

9 Other cases – – 66 – 66 – Total – – 909 – 909 –

Annual Report 2017 -2018 94 TABLE NO. 21 FINANCIAL INDICATORS

Description 2016-2017 2017-2018 (` In Crores) 1 RETURN ON CAPITAL i) Capital employed (Excluding investment & fixed deposits) 592.86 464.24 ii) Rate of return (Percent) 36.64 49.53

2 OPERATING RATIO i) Operating Expenditure 558.23 534.45 ii) Operating Income 775.43 764.37 iii) Ratio (Percent) 71.99 69.92

3 RATIO OF COST TO EARNINGS (ACTIVITY-WISE)

Percentage of cost to earnings 2016-2017 2017-2018 Direct Cost Total Cost Direct Cost Total Cost (Excl. Dep. (Incl. Dep. (Excl. Dep. (Incl. Dep. and over- and over- and over- and overheads) heads) heads) heads) i) Cargo Handling & Storage 65 122 54 109 ii) Port and Dock Facilities 27 65 27 71 iii) Railway Working 148 448 129 433 iv) Rentable lands and Buildings 14 66 10 72

Annual Report 2017 -2018 95 in Crores) in Remarks ` ( 46.86 16.03 62.89 - - Others Others Total re during 2017-18 during re 9 10 11 12 Support Budgetary Budgetary Actual Expenditu Actual Internal Internal Resources 26.67 13.49 2.54 100.20 36.50 10.36 - Others Others Total TABLE NO. 22 TABLE 5 6 7 8 11.00 - Support Budgetary Budgetary Current Year 2017-18 Year Current (RBE) CAPITAL EXPENDITURE 2017-2018 DURING 4 81.33 18.87 15.67 97.00 29.87 - 126.87 49.99 12.90 - Internal Internal Resources - 3 - - 2017-18 Approved RBE RBE Approved 2 Description Total(A) a Continuing Schemes b Schemes New A Works Capital 1 S. S. No.

Annual Report 2017 -2018 96 PART - III

CHENNAI PORT TRUST

ACCOUNTS APPENDICES 2017-2018

S.No. Contents Page No

1 Port Development Works Capital II 103 - 106

2 Port Development Works Capital I 109 - 114

3 Receipts & Payments - Deposit Account 115

4 Receipts & Payments - General Provident Fund 116

5 Income & Expenditure - General Provident Fund 117

6 Balance Sheet - General Provident Fund 118

7 Receipts & Payments - New Pension Scheme 119

8 Income & Expenditure - New Pension Scheme 120

9 Balance Sheet - New Pension Scheme 121

10 Receipts & Payments - Pension Fund 122

11 Income & Expenditure - Pension Fund 123

12 Balance Sheet - Pension Fund 124

13 Receipts & Payments - Gratuity Fund 125

14 Income & Expenditure - Gratuity Fund 126

15 Balance Sheet - Gratuity Fund 127

16 Receipts & Payments - Leave Encashment Fund 128

17 Income & Expenditure - Leave Encashment Fund 129

18 Balance Sheet - Leave Encashment Fund 130

19 Receipts & Payments - Fisheries Harbour Project Deposit Works 131

20 Receipts & Payments - Fishing Harbour - Aside Scheme 132

21 Receipts & Payments - Fisheries Harbour -Tsunami Relief Scheme 133

Annual Report 2017 -2018 99 Annual Report 2017 -2018 100 PORT DEVELOPMENT WORKS CAPITAL - II

2017-2018

- Actuals Actuals 2016-2017

) ` - - 2,81,718 2,50,93,444 -5,88,45,829 -1,20,68,435 Actuals Actuals 2017-2018 - - 2017-18 Revised Estimate Estimate

- - - - 38,68,00,000 76,05,00,000 50,36,25,000 106,54,35,000 38,68,00,000 76,05,00,00038,68,00,000 44,47,79,171 76,05,00,000 105,33,66,565 44,50,60,889 107,84,60,009 Budget Budget 2017-18 Estimate Estimate Chennai Port Trust Port Development Works - 2017-18Account - Capital - II Suspense - Deposits - Suspense Contribution from Revenue Account Revenue from Contribution Total Balance Opening GrandTotal Other Receipts Other I II III Sl. No. Sl. PARTICULARS Appendix B - Section I (Amount in in (Amount I Section - B Appendix

Annual Report 2017 -2018 103 ) - ` 31,49,010 6,66,71,858 2,67,84,769 14,61,56,277 Actuals 2016-17

(Amount in in (Amount - - -42,269 -49,99,078 29,62,88,385 Actuals Actuals 2017-18

- - - - 65,00,000 7,44,608 7,59,19,269 1,05,00,000 87,53,721 1,34,00,000 1,17,85,699 2017-18 Revised Estimate Estimate

- - - - 1,00,00,000 3,50,00,000 34,72,105 1,00,00,000 3,00,00,000 11,52,00,000 7,00,00,000 8,17,00,000 2,00,00,000 2,38,00,000 10,00,00,000 33,00,00,000 22,11,91,593 17,50,92,399 10,00,00,000 20,00,00,000 11,42,05,491 1,32,99,259 Budget 2017-18 Estimate Estimate

Chennai Port Trust nside the Port (Laying of Port Development Works - 2017-18Account - Capital - II DESCRIPTIONOF WORK d newly formed Marshalling Yard Road near INS Adyar to SQ-II SQ-II to Adyar INS near Road Yard Marshalling formed newly d Construction of Coastal berth at Chennai Port Port Chennai at berth Coastal of Construction handling for Port Chennai at yards storage Paved of Development Development of Common Railway Yard i (BS) berths and basin Channel, of Deepening Road WBM existing the over road concrete Bituminous Providing Balance work of modernization of JD at portions ofPort JD4Chennai at Yard andONB around Roads concrete of JD6 Widening (BS) Godown Exim around and in Road concrete Providing Godown Exim of Construction road Concrete Bitumenous Providing (BS) seashore Eastern of revetment existing of Strengthening an new railway track at west of Western Yard I and providing paving Road junction near E2 E3 Complex through Coastal road Coastal through Complex E3 E2 near junction Road export cargo export blocks platform in between New track and Western Yard I) - and dredging along side of JD4 and JD6 and JD4 of side along dredging and executed through M/s.IPRCL through executed 1 2 3 4 5 6 7 8 9 10 11 Sl. Sl. No Appendix B - Section I I Section - B Appendix

Annual Report 2017 -2018 104 ) - - - - - ` 1,89,28,384 2,30,93,604 6,37,30,795 Actuals 2016-17

(Amount in in (Amount ------27,235 73,590 Actuals Actuals 2017-18 33,60,600 20,01,457

55,80,807

31,99,147 ------1,00,000 60,00,000 2017-18 Revised Estimate Estimate

------5,00,000 8,00,000 5,00,000 1,00,000 10,00,00010,00,000 15,00,000 1,00,000 14,43,238 5,00,00,000 1,00,000 Budget 2017-18 Estimate Estimate

Chennai Port Trust nal, Anchor Gate i Port Development Works - 2017-18Account - Capital - II DESCRIPTIONOF WORK Capital Dredging work for relocation of sandmode PPP through trapfacility handling onBarge of Development the Eastern 7 to 5 No. Gate from track cum railway road concrete Proposed Jetty Madhusudhan of Modification/Rehabilitation Development of BD II for handling of alternative cargoesDevelopment of - JD (East) PPP Berths for handling of BulkCreation and of Break Mega Container Terminal to the North of the Bharathi Reclamation of 60 hectares of land near Gate No.1 to thewall compound Northperipheral of of Construction facilities Fighting Fire of Modernisation Installation of 400 KW Solar Power Plant (Old Admn. Building, Development of integrated Dry Port Multimodal logistics hub near Machine Cannon Fog No. 1 of Procurement Building, Old Diabetic Centre Building) Centre Diabetic Old Building, side of the revetment the of side cargo project excluding cargo Bulk BOTbasis on Project PPP - Dock Water Break Eastern to BDadjacent mode Hospital Annexe Building, Passenger Term mode) (PPP BOTbasis under Sriperumbudur 12 13 14 15 16 17 18 19 20 21 22 23 24 Sl. Sl. No Appendix B - Section I I Section - B Appendix

Annual Report 2017 -2018 105 ) - ` 11,59,34,658 Actuals 2016-17

(Amount in in (Amount - - 1,14,418 6,05,266 8,17,881 -5,25,23,756 7,95,071 2,81,718 Actuals Actuals 2017-18 22,21,168

- - - 2017-18 Revised Estimate Estimate

- - - 50,00,000 3,50,00,000 95,05,260 3,50,00,000 Budget 2017-18 Estimate Estimate 38,68,00,000 76,05,00,000 44,42,65,818 107,81,78,291 38,68,00,000 76,05,00,000 44,34,47,937 113,07,02,047 38,68,00,000 76,05,00,000 44,50,60,889 107,84,60,009 62,00,000 71,72,326 69,84,935 Chennai Port Trust Total TOTAL Grand Total Grand Port Development Works - 2017-18Account - Capital - II Closing Balance Closing NetDebitSuspense to DESCRIPTIONOF WORK Cruise Tourism Facilities (Upgradation of old Passenger Terminal Procurement of OilSystem Management SpillTracking Vessel RecoveryInstallation of vessel Radiological Detection Equipments in and thePort Chennai exitof points Response Trust Port Chennai ERPin Equipments at W.Q.IV) at 25 26 27 28 29 Sl. Sl. No Appendix B - Section I I Section - B Appendix

Annual Report 2017 -2018 106 PORT DEVELOPMENT WORKS CAPITAL - I

2017-2018

Actuals 2016-2017 ) ` 32,000 81,78,757 Actuals Actuals 2017-2018 - 2017-2018 Revised Estimate Revised Estimate 11,17,31,894 1,06,64,175

- - Chennai Port Trust Port Chennai Budget Estimate Estimate 75,32,00,000 50,82,00,000 7,40,54,000 7,88,45,000 75,32,00,000 50,82,00,000 18,58,17,894 9,76,87,932 2017-2018

Port Works-Development -I Account 2017-18 - Capital Opening Balance Total 75,32,00,000 50,82,00,000 18,57,85,894 8,95,09,175 Account Contribution from Revenue Contribution Other Items to be specified be to OtherItems Total Grand I II SL. NOSL. PARTICULARS Deposits. - Suspense Appendix - B - Section-II (Amount in Appendix Section-II B - -

Annual Report 2017 -2018 109 ` ) - - - - - 2,449 43,982 31,416 1,97,223 1,88,268 Actuals 2016-2017 (Amount in in (Amount

------5,296 24,29,075 -15,987 Actuals Actuals 2017-2018

- - 5,00,000 5,00,000 1,00,000 5,00,000 63,01,664 2,00,000 160,51,409 60,00,000 59,21,116 2,15,163 15,00,000 36,50,000 1,23,667 6,15,060 44,50,000 37,09,477 27,00,000 1,16,513 92,10,239 10,00,000 10,18,348 1,58,98,071 35,00,000 11,00,000 ,4 1 2017-2018 Revised Estimate Estimate Revised

- - - - - 1,00,000 2,00,000 2,00,000 5,00,000 50,00,000 20,00,000 10,00,000 25,00,000 1,00,00,000 Budget Budget Estimate Estimate 2017-2018

Chennai Port Trust ance and allied works allied and ance 10,00,000 PortDevelopment 2017-18 - WorksCapital AccountI - - DESCRIPTIONWORK OF crete road at Gate No. 1 No. Gate at road crete n etch of road from Gate No.7 to High mast tower tower mast High to No.7 Gate from road of etch r ement of Digital Tech. Multifunctional Plain copier with with copier Plain Multifunctional Tech. Digital of ement uction of RCC storm water drain and cable chase in west west in chase cable and drain water storm RCC of uction r from old EME II office to JD I shed JDI to office II EME old from No.11 along with drainage and chase in Ex (C) B divisionB (C) Ex in chase and drainage with along No.11 printer and scanner model scanner and printer the projects covered under Master plan Master under covered projects the room in South Zone South in room south zone zone south side of SQ-II road and drain at north side of E3 complex E3 sideof north at drain and road SQ-II sideof Marshalling Yard area in Inner Harbour Inner in area Yard Marshalling Development of Dry Port on the Hinterland of Chennai Port Chennai of Hinterland the on Port Dry of Development Inner Harbour Area Harbour Inner 1JDentr the in fenders of fixing and Supplying 6 in roads the of median centre for PCC block of placing and Casting 7MoEF&CC for from clearance Environmental time one Obtaining 8 Const 5co M35 of Laying 2 Supplying and fixing of cell fenders at SQ-I & II and BD II & III & BDII and 2 II & SQ-I at fenders cell of fixing and Supplying at 4track Railway Yard-II Centre of relaying and Dismantling 9 and density cargo high of Zones identifying for reports Pre-Feability 3 Strengthening and realigning of Centre Yard-III and Yard-IV tracks in in tracks Yard-IV and 3 Yard-III Centre of realigning and Strengthening Appendix - B - Section-II Section-II B- - Appendix 12 Construction of storm water drain cum cable chase at SQ-I road road SQ-I 12 at chase cable cum drain water storm of Construction 13st the Widening 114 & 3 No.2A, Gate of Renewal 10 Procur Sl. 14 Improvement works for upgradation of E Substation and generator generator 14and Substation E of upgradation for works Improvement 15No.1 Gate CFS near to adjacent road concrete of Widening No.

Annual Report 2017 -2018 110 ` ) ------,59,948 3 2,52,762 Actuals 2016-2017 (Amount in in (Amount

------6,98,809 Actuals Actuals 2017-2018 2,2

------1,00,000 9,00,000 7,62,887 44,30,688 14,00,000 -1,24,99,405 1,96,02,266 50,00,000 26,39,488 42,00,000 12,00,00015,00,000 33,45,305 13,82,943 15,90,686 2,12,00,000 2,12,00,000 4,33,204 2,60,00,000 2,52,57,376 9,42,379 2017-2018 Revised Estimate Estimate Revised

- - - - ,00,000 2,00,000 1,00,000 1,00,000 1,00,000 6 10,00,000 3 40,00,000 10,00,000 10,00,000 1,00,00,000 1,00,00,000 Budget Budget Estimate Estimate 21,00,00,000 20,00,00,000 10,90,49,939 2017-2018

Chennai Port Trust peciality centre centre peciality S PortDevelopment 2017-18 - WorksCapital AccountI - - ent of 30" dia fire Hydranat line line Hydranat 30" diafire of ent m 10 TR water cooler packed unit packed cooler water TR 10

ion and old Super Diabetic Super old and ion DESCRIPTIONWORK OF " pipeline in replace in pipeline " ement of Channel buoys & accessories from accessoriesfrom & buoys Channel of ement r Provision of online monitoring system monitoring online of Provision M/s.Sethusamudram Corpn. Ltd. Corpn. M/s.Sethusamudram capacity at MM divis MM at capacity various locations) in ChPT in locations) various and 1 No.13 persons capacity at Centenary Building) Centenary at capacity persons No.13 1 and from new pump house to BDI Area BDI to house pump new from Hospital Annexe Building, Passenger Terminal, Anchor Gate Gate Anchor Terminal, Passenger Building, Annexe Hospital Clive Battery Clive Building, Old Diabetic Centre Building) Diabetic Centre Old Building, at Main Hospital Main at Appendix - B - Section-II Section-II B- - Appendix 16 Pollution control measures at Jawahar Dock & Bharathi Dock - 16- Dock Bharathi Dock& Jawahar at measures control Pollution Sl. 272014 in recommendations Audit Energy of Implementation 26cables HT/LT Laying and Supply 29ERP) (Extended System Information Geographical 28 Procu 25Nos. 2 of Upgradation 30 Laying Optical Fibre Cable by Rail Tel (including UPS and wiring at at 30 wiring and UPS (including Tel Rail by FibreCable Optical Laying 21 persons 10 Nos. 2 ( - lifts passenger Nos. 3 of Replacement 31 machine PFT 17 Installation of 400 KW Solar Power Plant (Old Admn. Building, Building, 17Admn. (Old Plant Power Solar KW400 of Installation 20 Replacement of 1 No. 13 persons capacity lift at User complex at at 20complex User at lift capacity persons 13 No. 1 of Replacement 1942 of Laying 22 lift passenger cum bed capacity Persons 26 No. 1 of Replacement 23CB at tower cooling TR 60 Nos. 3 of Upgradation 24II - Masts High all for systems Efficient Energy 18Plant Power Solar KW100 of Installation No.

Annual Report 2017 -2018 111 ` ) ------

Actuals 2016-2017 (Amount in in (Amount

------Actuals Actuals 2017-2018

- - - 1,00,000 1,00,000 1,00,000 3,00,000 3,69,600 1,00,000 1,00,000 1,00,000 1,00,000 25,00,000 10,00,000 10,00,000 50,00,000 10,00,000 2017-2018 Revised Estimate Estimate Revised

------,00,000 0 1,00,000 10,00,000 50,00,000 2,00,00,000 2,00,00,000 7,00,00,000 1,50,00,000 1,0 Budget Budget Estimate Estimate 10,00,00,000 2017-2018

Chennai Port Trust up line and MR lines) lines) MR and line up ( PortDevelopment 2017-18 - WorksCapital AccountI - - te No.4 te l ed Container corridor from Chennai Port to to Port Chennai from corridor Container ed t DESCRIPTIONWORK OF nectivity to Coastal berth Coastal to nectivity ification of railway lines for engine on Load concept Load on engine for lines railway of ification area for Coastal cargo Coastal for area Tetrapods due to transfer of land to Southern Railway for laying 3rd and 4th 4th and 3rd laying for Railway Southern to land of transfer to due 3rd & 4th line near Gate No.6 & Ga & No.6 Gate near line 4th & 3rd line and providing paving blocks platform at Eastern Yard I Yard Eastern at platform blocks paving providing and yard NHAI Road NHAI Appendix - B - Section-II Section-II B- - Appendix 36wal JDentrance of Upgradation 32No. 1 Diathermy Surgical 35Dock Bharathi at Berth Bunker of Construction Sl. 46 Supplying and fixing of fenders at BD-I, BD-III & JD-II berths JD-II & 46BD-III BD-I, at fenders of fixing and Supplying 43 Construction of compound wall for delimitating the Custom bound bound Custom 43 the delimitating for wall compound of Construction 37 lines N&C of realigning and Strengthening 34Yard ONB around Belt Green Providing 42 of placing & casting in Breakwater Eastern of Strengthening 38 Connectivity to Port Railways from Southern Railway network in new new in network Railway 38 Southern from Railways Port to Connectivity 45O-Yard at road beach Spending and road coastal of Linking 47 Electr 40 Strengthening of existing railway tracks, laying of new railway tracks tracks railway new of 40 laying tracks, railway existing of Strengthening 33Nos. 6 Monitor Multiparameter 39 Doubling of Rail entry at Gate No.9 from Southern Railway Beach Beach Railway 39Southern from No.9 Gate at entry Rail of Doubling 44dedica of Development 41con Rail No.

Annual Report 2017 -2018 112 ` ) ------Actuals 2016-2017 (Amount in in (Amount

------Actuals Actuals 2017-2018

- - ,00,000 6 7,00,000 6,00,000 2,00,000 1,00,000 1,00,000 1,00,000 7,00,000 70,00,000 35,00,000 10,00,000 1,50,00,000 1,26,00,000 3,0 2017-2018 Revised Estimate Estimate Revised

------5,00,000 1,00,000 5,00,000 10,00,000 10,00,000 1,98,00,000 Budget Budget Estimate Estimate 2017-2018

Chennai Port Trust rn side of Marshalling Yard Yard Marshalling sideof rn e PortDevelopment 2017-18 - WorksCapital AccountI - - slabs for chase/drain at wharf area in Ex( C) F C) Ex( in area wharf at chase/drain for slabs DESCRIPTIONWORK OF llation of 2 Nos 200 ltrs. R.O. Plants at Guest Guest at Plants R.O. ltrs. 200 Nos 2 of llation a ent of Fax Machine - 10 Nos. 10 - Machine Fax of ent m 200 Mbps Transreceiver at Gate No.1 Seashore Wallside and and Wallside Seashore No.1 Gate at Transreceiver Mbps 200

vision i as per IB team recommendation team IB per as cover slabs with new new with slabs cover Chennai Port Trust Port Chennai disposal plant disposal House and "0" Gate with shed with "0"Gate and House required Road adjacent to Yards - Phase I Phase - Yards to adjacent Road Nos. D Kasimedu Road area and CCTV parellel monitoring at at monitoring parellel CCTV and area Road Kasimedu Commandant Office as per Intelligence Bureau Team Team Bureau Intelligence per as Office Commandant Recommendations Appendix - B - Section-II Section-II B- - Appendix 62 Provision of 1 No. IRIP Camera, 2 Nos. IP Dome Camera and 2 62and Camera Dome IP Nos. 2 Camera, IRIP No. 1 of Provision 61CCTV of days 90 to days 30 from Capacity Footage of Upgrading 48 Concreting the undulated portions and replacing the damaged RCCdamaged 48the replacing and portions undulated the Concreting Sl. 59Nos. 8 - Departments various for CopierMachine of Replacement 56 Upgradation of electrical distribution system at various locations in 56in locations various at system distribution electrical of Upgradation 55breakers with VCB panels HT of Reconditioning 50 Procurement of 1 No. Truck Mounted Sweeping Machine 50Machine Sweeping Mounted Truck No. 1 of Procurement 53Yard Marshalling in located yards in drains Providing 58ship to supply power Shore 52 plants/garbage treatment water sewage/waste of up Setting 54screen wind Providing 60 Replace 57Inst and Supply 49 isnot provision which for works dropped / works Completed 51West the on Wall Retaining Providing No.

Annual Report 2017 -2018 113 ` ) ------32,000 Actuals 2016-2017 (Amount in in (Amount

------3,79,449 Actuals Actuals 2017-2018

1,92,13,053

- - - - - 4,00,000 6,00,000 4,00,000 4,00,000 65,00,000 1,50,00,000 10,00,00,000 50,82,00,000 18,54,38,44550,82,00,000 9,76,55,932 18,54,38,44550,82,00,000 9,76,55,932 18,58,17,894 9,76,87,932 2017-2018 Revised Estimate Estimate Revised

------72,00,000 10,00,000 1,74,00,000

Budget Budget 20,00,00,000 Estimate Estimate 75,32,00,000 75,32,00,000 75,32,00,000 2017-2018

Total Chennai Port Trust TOTAL GrandTotal hrough IPA hrough ClosingBalance Net DebitSuspenseto Net PortDevelopment 2017-18 - WorksCapital AccountI - - DESCRIPTIONWORK OF nge for Chairman & Dy. Chairman's Chamber Chairman's Dy. & Chairman for nge a g Compression System 1 No. 1 System Compression g n quired e required required drive through scanner (Road) scanner through drive Signal Station Signal r Appendix - B - Section-II Section-II B- - Appendix 66 isnot provision which for works dropped / works Completed 71No. 1 Tourniquet Electronic 65 isnot provision which for works dropped / works Completed 70 isnot provision which for works dropped / works Completed 67 Procurement of Container Scanner - one mobile scanner and one one and 67 scanner mobile one - Scanner Container of Procurement 68 Installation of RFID system for entry of vehicles inside the Port the inside vehicles of 68entry for system RFID of Installation 64Exch Mini 72 Locki 69t Ports Major 5 in ERP Common - ChPT in ERP 63 Replacement of 100 m around UG cable from West Fire Station to to 63 FireStation West from cable UG around m 100 of Replacement Sl. No.

Annual Report 2017 -2018 114 1,891 ` 67,23,969 673 7,02,581 ` 7,01,908 27,90,141 32,29,356 60,19,497 Total Payments Cash Deposits Cash Closing Balance Closing Refund TDS ` 13,04,016Deposits Fixed 12,99,092Bank in Cash 67,23,969 Deposit Account ` 1,56,697 41,20,861Deposits 39,64,164 Receipts & Payments for the & Payments Year 2017-18 Receipts Total Receipts Interest realised on Deposits on realised Interest Fixed Deposits Fixed Received Deposits New Cash Opening Balance Opening Cash in Bank in Cash

Annual Report 2017 -2018 115 ` 2,57,92,617 68,24,36,036 20,74,57,870 277,77,51,784 ` 2,39,65,261 186,20,65,261 183,81,00,000 s t Total Payments Withdrawal & Settlement made to to made Settlement & Withdrawal Subscribers Refundable Advance Refundable Adjustment Closing BalanceClosing 39,000 8,28,160 ` 24,75,73,149Deposi Fixed 13,68,22,223Bank at Cash 43,46,60,361 277,77,51,784 ` Receipts & Payment for & Payment the year Receipts 2017-18 16,82,28,891 195,78,28,891Employees Retired paidto Int. 178,96,00,000 General ProvidentGeneral Fund Account (GPF) s Total Receipts Fixed Deposits Fixed Opening BalanceOpening Interest realised on FD / Securities FD/ on realised Interest Cash at Bank at Cash Adjustment Current Liability - Payable to Society to Payable - Liability Current Receipts Employees from Subscription Loans repaid by Subscriber repaidby Loans

Annual Report 2017 -2018 116 ` 9,66,30,790 43,46,60,361 24,75,73,149 13,68,22,223 91,56,86,523 Total Income Subscription from Employees from Subscription by Subscribers repaid Loans / FD Securities on realised Interest Income over of Expenditure Excess ` 2,57,92,617 68,24,36,036 20,74,57,870 91,56,86,523 Income&Expenditure for theyear 2017-18 General FundProvident Account (GPF) Total Expenditure Final Withdrawal and Repayment of Repayment and Withdrawal Final Interest Dividend paid to Retired Retired to paid Dividend Interest Subscribers to Loan Subscription Employees

Annual Report 2017 -2018 117 ` 12,56,235 8,12,65,909 18,52,82,144 212,98,69,549 ` 2,39,65,261 186,20,65,261 183,81,00,000 Total Assets Accrued Interest on Investment on Interest Accrued Closing BalanceClosing Deposits Fixed Cash at Bank at Cash 39,000 TDS ` Balance Sheet as on 31.03.2018 Balance 212,98,30,549Recoverable Loans 212,98,69,549 General ProvidentGeneral Fund Account ( GPF) Total Liabilities Subscription and Interest and Subscription Loans recoverable Loans Current Liabilities Current

Annual Report 2017 -2018 118 3,504 ` 9,78,83,504 ` 20,90,000 62,37,458 9,78,8 8,95,56,046 Total Payments Investment Closing BalanceClosing Fixed Deposits Fixed Bank at Cash ` 9,78,83,504 10,092 1,43,16,169 ` New PensionNew (NPS) Scheme 2,83,957 8,35,67,335 20,20,000 11,00,000 8,12,63,378 Receipts & Payments for the & Payments year 2017-18 Receipts Total Receipts ase in current Assets current in ase e r Investment Opening BalanceOpening Fixed Deposits Fixed Bank at Cash Interest realised on Fixed Deposits Fixed on realised Interest 1,91,599 Inc Receipts Employees from Subscription receipts Other 65,14,779 Board's Contribution from Rev. from Contribution Board's 64,99,699

Annual Report 2017 -2018 119 ` 11,00,000 1,43,06,077 Total Income Interest realised on Fixed Deposits Fixed on realised Interest 1,91,599 Board's Contribution from Rev. from Contribution Board's 64,99,699 Other Receipts Other ` 1,43,06,077 New PensionNew (NPS) Scheme Income & Expenditure for the & Expenditure year 2017-18 Income Total Expenditure Excess of Income over Expenditure over Income of Excess 1,43,06,077Employees from Subscription 65,14,779

Annual Report 2017 -2018 120 ` 15,288 1,04,516 9,80,03,308 ` 20,90,000 62,37,458 9,78,83,504 8,95,56,046 Total Assets Fixed Deposit Fixed Closing BalanceClosing Investment Cash at Bank at Cash Accrued Interest ` 5,86,07,355 TDS 9,80,03,308 3,93,95,953 Balance Sheet as on 31.03.2018 Balance New PensionNew (NPS) Scheme Total Liabilities Subscription and Interest and Subscription Board Contribution Board

Annual Report 2017 -2018 121 4,51,407 ` 24,85,63,321 3089,27,99,547 4 265 ` 3,56,438 63,53,326 25,49,707 152,62,04,259 3,48,49,349 2911,75,80,560 2,31,07,082 35,93,35,639 58,04,75,119 11,81,31,007 22,88,54,67 2908,27,30,946 Total Payments Superannuation Pension Superannuation 20,70,41,267 ToPensionerstowards Cash at Bank at Cash Fixed Deposits Fixed Retiring Pension Retiring Investments Exgratia Pension Exgratia Bank charges and Audit Fees Audit and charges Bank Diff in Accrued Interest Accrued in Diff BalanceClosing Family Pension Family ` 1,55,95,327Pension Relief 68,00,00,000Pension Commuted 234,84,06,132Pension Compensation 208,08,00,000Allowance Medical 3089,27,99,547 5,265 ` Receipts & Payments for the & Payments year 2017-18 Receipts 1,05,58,378 2576,79,98,088Pension Invalid 2575,74,34,445 Chennai Port Pension Fund Trust Account Total Receipts on Investment on

Investments Fixed Deposits Fixed Bank at Cash Interest Opening BalanceOpening Other Receipts Other Res Gen from recd Amount Receipts Revenue from Contribution

Annual Report 2017 -2018 122 ` 1,55,95,327 68,00,00,000 234,84,06,132 304,40,01,459 Total Income Other Receipts Other ` 152,66,55,666Revenue from Contribution 304,40,01,459 Income & Expenditure for the & Expenditure year 2017-18 Income Chennai Port Pension Fund Trust Account Total Expenditure Payment to Pensioners to Payment Excess of Income over Expenditure over Income of Excess 151,73,45,793Investments on Interest

Annual Report 2017 -2018 123 265 ` 29,73,188 3,48,49,349 244,49,34,621 2908,27,30,946 3156,54,88,369 Total Assets TDS Accrued Interest Accrued Investments Cash at Bank at Cash 1,98,340 Deposits Fixed ` 3156,54,88,369 ` Balance Sheet as on 31.03.2018 Balance 208,08,00,000 2796,71,44,236 Chennai Port Pension Fund Trust Account Total Liabilities Pension Fund Pension Add: Amount recd from Gen Res Gen from recd Amount Expenditure over Income of Excess 151,73,45,793 3156,52,90,029 Accrued Liability for Pension for Liability Accrued

Annual Report 2017 -2018 124 ` 26,59,283 298,23,19,412 336,92,23,862 ` 2,61,01,787 1,46,92,339 2,10,00,000 34,45,55,646 295,62,17,625 Total Payments ToPensioners DCRG on Expenditure Closing BalanceClosing Cash at Bank at Cash Expenditure under Gratuity Gratuity under Expenditure Act Bank Charges & Audit Fees Audit & Charges Bank 38,67,505 Risk Premium Paid to LICPaid to Premium Risk 1,29,677 38,42,45,167 Gratuity Class I & II & I Class Gratuity ` 93,92,471 ,37,87,500 7,50,00,000Investments 5 2 21,00,00,000Capital Working in Increase 336,92,23,862 ` 18,40,938 282,10,43,891 Receipts & Payments for the & Payments year 2017-18 Receipts 281,92,02,953 Chennai Port Gratuity Fund Trust Account Total Receipts est on Investment on est Investments Opening BalanceOpening Other Receipts Other Res Gen from recd Amount Cash at Bank at Cash Receipts Contribution from Revenue from Contribution Inter

Annual Report 2017 -2018 125 ` 93,92,471 21,00,00,000 25,37,87,500 47,31,79,971 Total Income Other Receipts Other ` 47,31,79,971 Income & Expenditure for the & Expenditure year 2017-18 Income Chennai Port Gratuity Fund Trust Account Total Expenditure Expenditure incured on Pensioners on incured Expenditure 38,42,45,167Revenue from Contribution Excess of Income over Expenditure over Income of Excess 8,89,34,804Investment on Interest

Annual Report 2017 -2018 126 ` 16,06,467 2,61,01,787 26,33,82,875 295,62,17,625 324,73,08,754 Total Assets Accrued Interest Accrued Other Current Assets Current Other 20,000Bank at Cash ` 324,73,08,754 ` Balance Sheet as on 31.03.2018 Balance 7,50,00,000 308,33,53,950 Chennai Port Gratuity Fund Trust Account Total Liabilities Gratuity Fund Gratuity Amount recd from Gen Res Gen from recd Amount Excess of Expenditue over Income Income over Expenditue of Excess 8,89,34,804 324,72,88,754 Investments Current Liabilites Current

Annual Report 2017 -2018 127 ` 84,83,20,724 30,06,20,258 ` 2,03,00,466 54,77,00,466 52,74,00,000 Total Payments Encashment of leave surrendered leave of Encashment Closing BalanceClosing 0,724 ` 37,28,583 83,08,062Bank at Cash 3,56,93,336Deposits Fixed 27,10,00,000 84,83,2 ` Leave Encashment Fund Encashment Leave (LEF) 12,90,743 52,95,90,743 Receipts & Payments for the & Payments year 2017-18 Receipts 52,83,00,000 Total Receipts Receipts Opening BalanceOpening Fixed Deposits Fixed Cash at Bank at Cash Decrease in Working Capital Working Decreasein Receipts Revenue from Contribution Interest on Investment on Interest Other Receipts Other

Annual Report 2017 -2018 128 ` 8,308,062 3,56,93,336 27,10,00,000 31,50,01,398 Total Income Interest on Investment on Interest ` 30,06,20,258Revenue from Contribution 31,50,01,398 Leave Encashment Fund Encashment Leave (LEF) Income & Expenditure for the & Expenditure year 2017-18 Income Total Expenditure Payment to Employees to Payment Excess of Income over Expenditure over Income of Excess 1,43,81,140Receipts Other

Annual Report 2017 -2018 129 6,27,490 ` 1,44,31,050 2,03,00,466 52,74,00,000 56,27,59,006 Total Assets Accrued Interest Accrued Fixed Deposits Fixed TDS ` 56,27,59,006 ` Balance Sheet as on 31.03.2018 Balance 54,83,77,866 Leave Encashment Fund Encashment Leave (LEF) Total Liabilities Leave Encashment Fund Encashment Leave Add: Excess of Income over Expenditure over Income of Excess 1,43,81,140 56,27,59,006Bank at Cash

Annual Report 2017 -2018 130 ) ` 38,600 (Amount in in (Amount , 13,25,79,258 12,22,97,964 13,25,79,258 12,23,36,564 2017-18 2016-17 Total Payments ject Deposit ject Works Closing BalanceClosing 3,14,439 Receipts & Payments Receipts 1,58,593 1,01,22,701 1,08,31,367Adjustments - Assets Current Fisheries Harbour Pro Fisheries 12,22,97,964 11,11,90,758Adjustments Liabilities - Current 13,25,79,258 12,23,36,564 2017-18 2016-17 Total Receipts Opening BalanceOpening Other items - Interest - items Other Other Receipts Other Current Liabilities - Adjustments Liabilities - Current Current Assets - Adjustments - Assets Current

Annual Report 2017 -2018 131 ) ` (Amount In In (Amount 51,220 48,372 51,220 48,372 2017-18 2016-17 Total Payments Closing BalanceClosing Receipts & Payments & Payments Receipts 1,848 1,892 1,000 48,372 46,480FHMC Paid to 51,220 48,372 2017-18 2016-17 Fishing Harbour Scheme Aside Total Receipts Other items - Interest - items Other Opening BalanceOpening Misc DepositMisc

Annual Report 2017 -2018 132 ` ) 49,877 (Am ount in in ount (Am 2017-18 2016-17 13,28,37,118 12,23,76,892 13,29,89,827 12,24,26,769 Total Payments Expenditure on Works on Expenditure Current Assets - Adjustments - Assets Current 1,52,709 Closing BalanceClosing 2,51,079 Receipts and Payments and Receipts 2017-18 2016-17 1,06,12,935 1,02,88,879 12,23,76,892 11,18,86,811 13,29,89,827 12,24,26,769 Fisheries Harbour Fisheries Tsunami Scheme Relief Total Receipts Opening BalanceOpening Other items - Interest - items Other Current Assets - Adjustments - Assets Current

Annual Report 2017 -2018 133

PART - IV

CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-2018

BALANCE SHEET PROFIT AND LOSS ACCOUNT WITH SCHEDULES AND NOTES ON ACCOUNTS

Chennai Port Trust Annual Accounts 2017-18 Contents

Sl.No Particulars Schedule Page No

1 Balance Sheet 139

Liability

2 Capital Reserve I 140

3 Revenue Reserve II 140 &141

4 Statutory Reserve III 141

5 GOI Loan IV 141

6 Grant in Aid V 144

Asset

7 Fixed Assets VI 146 & 147

8 Investments VII 148

9 Accrued Interest on Investments VIII 141

10 Sundry Debtors IX 142

11 Cash and Bank Balances X 142,150 & 151

12 Loans & Advances XI 143

13 Current Liabilities & Provisions XII 143

14 Profit and Loss Account 152

Income

15 Cargo Handling and Storage Charges I 153

16 Port and Dock Charges (including Pilotage) II 153

17 Railway Earnings III 153

18 Estate Rentals IV 153

Expenditure

19 Cargo Handling and Storage Charges V 154

20 Port and Dock Facilities for Shipping VI 154

21 Railway Workings VII 154

22 Rentable Lands and Buildings VIII 154

23 Management and General Admin. IX 154

24 Finance and Miscellaneous Income X 154 & 155

25 Finance and Miscellaneous Expenditure XI 155

26 Expenditure Typewise 156 to 159

27 Capital Works Expenditure 160

Notes on Accounts

28 Significant Accounting Policies 163 to 166

29 Notes on Accounts 167 to 178 30 Audit Report and Action Taken Notes 181 to 208

Annual Report 2017 -2018 137 Annual Report 2017 -2018 01 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 BALANCE SHEET AS AT 31.03.2018

(Amount in ` ) Sl. SCH No. PARTICULARS 31.03.2018 31.03.2017 No.

I SOURCES OF FUNDS 1 RESERVES AND SURPLUS a. Capital Reserve I 1260,11,19,374 1240,86,58,312 b. Revenue Reserves II 169,71,04,271 360,15,51,224 c. Statutory Reserves III 651,62,25,752 2081,44,49,397 651,62,25,752 2252,64,35,288

2 LOAN FUNDS Government of India Loan IV - -

3 GRANTS in AID V 76,82,60,200 39,12,33,000 TOTAL 2158,27,09,597 2291,76,68,288

II APPLICATION OF FUNDS

1 FIXED / CAPITAL ASSETS VI a. Gross Block 1086,66,12,229 1107,01,78,243 Less : Accumulated Depreciation 513,35,35,636 486,04,64,176 Net Block 573,30,76,593 620,97,14,067 b. Capital Work In Progress 173,45,07,145 746,75,83,738 133,84,80,070 754,81,94,137

2 INVESTMENTS VII 277,00,00,000 277,00,00,000

3 CURRENT ASSETS, LOANS & ADVANCES a. Current Assets (i) Interest Accrued on Invest. VIII 45,21,17,006 37,92,01,166 (ii) Inventories 12,46,95,648 13,19,00,609 (iii) Sundry Debtors IX 289,03,61,520 286,80,72,412 (iv) Cash and Bank Balances X 1199,80,54,011 1218,59,35,996 b. Loans and Advances XI 290,84,19,990 315,37,80,534 SUB TOTAL 1837,36,48,175 1871,88,90,717 Less : Current Liabilities and Prov. XII 787,38,84,520 734,96,46,289 NET CURRENT ASSETS 1049,97,63,655 1136,92,44,428 4 Miscellaneous Expenditure 84,53,62,204 123,02,29,723 (to the extent not written off) TOTAL 2158,27,09,597 2291,76,68,288

sd/- sd/- C.S.Vemanna Cyril C George 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts Officer Chairman i/c Chennai Port Trust Chennai Port Trust

Annual Report 2017 -2018 139 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 (Amount in ` ) SCH PARTICULARS 31.03.2018 31.03.2017 No.

Liability Schedule I Capital Reserve Opening Balance 1240,86,58,312 1199,11,96,014 Add : Repayment of GOI Loan - (P&L Appr) 8,51,800 Transferred from General Reserve 19,24,61,062 41,66,10,498 Closing Balance 1260,11,19,374 1240,86,58,312 II Revenue Reserve General Reserve Fund 151,94,74,993 250,99,13,447 Add : Contribution from Revenue A/c. 57,76,79,000 114,42,80,000 Net Profit from P & L Transferred from Capital Reserve Misc.Receipts 11,07,730 Less : Amount transferred to Capital Reserve 19,24,61,062 41,66,10,498 Amount transfd to Pension & Gratuity Fund 215,58,00,000 69,00,00,000 Amount withdrawn from General Reserve 25,50,31,219 102,92,15,686 Closing Balance (A) -50,61,38,288 151,94,74,993 General Insurance Fund Opening Balance 130,03,07,150 120,72,00,117 Add : Contribution from Revenue A/c. 1,00,00,000 1,00,00,000 Interest on Investment 9,24,01,515 9,60,70,014 Less : Expenditure during the year 1,28,12,503 1,29,62,981 Closing Balance (B) 138,98,96,162 130,03,07,150 Family Security Fund Opening Balance 19,79,66,338 18,46,88,080 Add : Contribution from Revenue A/c. 19,00,000 1,00,000 Interest on Investment 1,42,25,124 1,50,50,073 Subscription from Employees 9,02,096 10,05,216 Less : Expenditure during the year 32,29,558 28,77,031 Closing Balance (C ) 21,17,64,000 19,79,66,338 ChPT Employees L.I.W. Compen. Fund Opening Balance 3,01,36,346 2,78,12,429 Add : Contribution from Revenue A/c. 26,192 39,288 Interest on Investment 21,82,676 22,76,243 Subscription from Employees 50,288 8,386 Less : Expenditure during the year - - Closing Balance (D) 3,23,95,502 3,01,36,346

Annual Report 2017 -2018 140 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 (Amount in ` ) SCH PARTICULARS 31.03.2018 31.03.2017 No.

Employees Welfare Fund Opening Balance 52,88,531 42,07,503 Add : Contribution from Revenue A/c. 15,00,000 15,00,000 Interest on Investment 3,77,859 2,80,109 Misc. Receipt - - Less : Expenditure during the year 7,38,501 6,99,081 Closing Balance (E) 64,27,889 52,88,531 Leave Encashment Fund Opening Balance 54,83,77,866 53,41,62,967 Add : Contribution from Revenue A/c. 27,10,00,000 24,58,03,000 Interest on Investment 3,56,93,336 3,85,18,374 Misc. Receipt 83,08,062 5,97,002 Less : Expenditure during the year 30,06,20,258 27,07,03,477 Closing Balance (F) 56,27,59,006 54,83,77,866 Total Closing Balance (A to F) 169,71,04,271 360,15,51,224 III Statutory Reserves Reserve for Replacement, Rehabilitation and modernisation of Capital Assets 317,47,98,558 453,47,98,558 Less: Appropriation to Profit & Loss A/c 136,00,00,000 Sub Total (A) Reserve for Development, Repayment 317,47,98,558 317,47,98,558 of Loans & Contingencies 334,14,27,194 470,14,27,194 Less: Appropriation to Profit & Loss A/c 136,00,00,000 Sub Total (B) 334,14,27,194 334,14,27,194 Total (A + B) 651,62,25,752 651,62,25,752 IV Government of India Loan Original amount of Loan 536,04,94,000 536,04,94,000 Less : Loan repaid upto previous year 536,04,94,000 535,96,42,200 Less : Amount repaid during the year - 8,51,800 Loan Outstanding - - V Grants in Aid - Pg No : 144 Asset Schedule VI Fixed Assets - Pg No : 146 & 147 VII Investments - Pg No : 148 VIII Accrued Interest on Investments General Fund- Revenue 32,91,60,902 24,35,86,394 MPT E.L.I.W.C.Fund 10,21,726 10,67,520 FSF Fund 23,85,159 23,27,158 Leave Encashment Fund 1,44,31,050 1,84,31,694 General Insurance Fund 2,35,84,430 2,35,68,568 General Provident Fund 8,12,65,909 9,00,40,781 Welfare Fund 2,67,830 1,79,051 Total 45,21,17,006 37,92,01,166

Annual Report 2017 -2018 141 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 (Amount in ` ) SCH PARTICULARS 31.03.2018 31.03.2017 No.

IX Sundry Debtors Government Dues Less than 6 months 2,29,09,895 2,32,38,656 More than 6 months 12,92,48,808 11,54,73,285 TDS refund from Income Tax Dept 79,88,23,890 95,36,31,529 Sub Total (A) 95,09,82,593 109,23,43,470 Non Government Dues Less than 6 months 15,73,47,944 11,76,13,525 More than 6 months 163,88,18,833 165,81,15,417 Sub Total (B) 179,61,66,777 177,57,28,942 Sale of Duty Scrips 14,32,12,150 - Sub Total (C) 14,32,12,150 - Grand Total (A+B +C) 289,03,61,520 286,80,72,412 X Cash & Bank Balances Cash on Hand - - Fixed Deposits with Banks General Fund -Revenue 731,60,83,589 726,70,57,000 Provident Fund 183,81,00,000 178,96,00,000 Leave Encashment Fund 52,74,00,000 52,83,00,000 Other Funds 161,01,21,908 150,43,24,164 Sub Total (A) 1129,17,05,497 1108,92,81,164 Short Term Deposit with Banks General Fund Revenue 45,00,00,000 64,00,00,000 Provident Fund 2,00,00,000 - Sub Total (B) 47,00,00,000 64,00,00,000 Bank Balance - with Banks General Fund -Revenue 16,07,96,564 24,98,26,542 Provident Fund 39,65,261 16,82,28,891 Leave Encashment Fund 2,03,00,466 12,90,743 Other Funds 5,12,86,223 3,73,08,656 Sub Total (C) 23,63,48,514 45,66,54,832 Grand Total (A+B+C) 1199,80,54,011 1218,59,35,996

Annual Report 2017 -2018 142 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 (Amount in ` ) SCH PARTICULARS 31.03.2018 31.03.2017 No.

XI Loans & Advances Loan to Kamarajar Port Limited 207,11,24,965 230,12,49,961 Payment in Advance and Debit Balances 83,72,95,025 85,25,30,573 Total 290,84,19,990 315,37,80,534 XII Current Liabilities & Provisions A. Current Liabilities Provident Fund 194,45,48,405 204,87,73,319 Creditors for Stores 4,32,86,515 4,02,60,199 Provision for Expenses 1,96,72,588 2,35,72,197 Unadjusted Sale Proceeds of : - Unclaimed Goods 55,52,814 55,18,214 - Surplus Material 20,55,06,229 22,68,69,321 - Capital Assets & Spares - - Demurrage Payable to Railways 6,23,94,426 5,94,58,191 Statutory Payments 18,83,02,059 17,71,33,391 Misc. Creditors, Grant from Tsunami Rehabi. 69,40,86,470 68,16,49,801 Deposit from Merchants, Cont. & Others 329,11,96,090 325,74,83,172 Corporate Social Responsibility (CSR) 40,39,370 40,39,370 Sub Total- A 645,85,84,966 652,47,57,175 B. Provisions Employees Related Benefits 96,95,71,647 34,18,91,556 Other Provisions 44,57,27,907 48,29,97,558 Sub Total- B 141,52,99,554 82,48,89,114 Grand Total (A+B) 787,38,84,520 734,96,46,289

sd/- sd/- C.S.Vemanna Cyril C George 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts Officer Chairman i/c Chennai Port Trust Chennai Port Trust

Annual Report 2017 -2018 143 ) ` - - on 3,50,00,000 9,81,20,000 Balance 31.03.2018 Available as Available

(Amount in in (Amount ------sd/- 1,42,05,491 1,42,05,491 12,07,94,509 4,65,58,203 4,65,58,203 1,11,15,997 14.05.2018 Chairmani/c Cyril C George CyrilC ChennaiPort Trust ------Expenses incured from Grant Expenses from incured 3,61,90,042 17,50,92,399 5,87,17,559 27,00,00,000 ------3,50,00,000 27,00,00,000 - - - - 8,62,33,000 17,24,66,000 10,69,058 4,46,00,060 11,59,34,658 95,05,260 17,11,09,036 13,56,964 9,81,20,000 9,81,20,000 5,76,74,200 5,76,74,200 CHENNAI PORT TRUST PORT CHENNAI 13,50,00,000 13,50,00,000 ANNUAL ACCOUNTS 2017-18 ACCOUNTS ANNUAL ------SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 SHEET BALANCE TO SCHEDULES Grant-In-Aid Received Grant-In-Aid ------3,50,00,000 15,00,00,000 12,00,00,000 cer ------,62,33,000 18,50,00,000 12,00,00,000 37,70,27,200 76,82,60,200 10,69,058 8,07,90,102 29,10,27,057 12,89,86,513 50,18,72,730 26,63,87,470 2012-13 2015-16 2016-17 2017-18 TOTAL 2014-15 2015-16 2016-17 2017-18 TOTAL 8 8,62,33,000 anna m sd/- 14.05.2018 C.S.Ve ChennaiPort Trust Total Name of the Work the Nameof Financial Adviser & Chief & Adviser Financial Accounts Offi SCHEDULEV - SchemesunderProgress) (for CapitalGrant Construction of Cruise Passenger Passenger Cruise of Construction Programme Mitigation Pollution Oil Development of paved storage for for storage paved of Development R&D under initiative Ports Green Construction of Bunker berth at at berth Bunker of Construction Facilitation Centre - MoT, GoI MoT, - Centre Facilitation Bharathi Dock - MoS (Sagarmala) MoS - Dock Bharathi handling export cargo - MoS MoS - cargo export handling MoS - Scheme Construction of Coastal Terminal Terminal Coastal of Construction (Sagarmala) (Sagarmala)

Annual Report 2017 -2018 144

CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018

SCHEDULE-VI - FIXED ASSETS (Amount in ` ) GROSS BLOCK Closing Balance Opening Balance SL Additions Deletions as on Particulars as on No during the year during the year 31.03.2018 01.04.2017 (2+3-4) 1 2 3 4 5 1 Land (a) - Free hold Land 25,17,94,416 - - 25,17,94,416

(b) - Lease hold Land 100,91,48,961 - - 100,91,48,961

2 Capital Dredging 34,80,40,107 31,44,001 - 35,11,84,108

3 Buildings, Sheds & Other Structures 102,46,19,253 1,64,75,072 - 104,10,94,325

4 Wharves, Roads & Boundaries 55,89,36,192 2,38,66,634 42,269 58,27,60,557

5 Floating Crafts 148,18,96,626 - - 148,18,96,626

6 Railway and Rolling Stock 39,44,96,162 37,58,755 - 39,82,54,917

7 Docks, Seawalls, Piers & Navigational Aids 262,42,83,833 2,97,16,375 33,49,99,078 231,90,01,130

8 Cranes & Vehicles 64,90,94,876 - 2,83,352 64,88,11,524

9 Plant & Machinery (a) Semi Mechanised Coal Handling System 46,08,18,237 - - 46,08,18,237 (b) Others 41,19,89,389 1,70,86,087 - 42,90,75,476 10 Installation for Water, Electricity, Telecom Systems & Fire Fighting 34,77,12,822 3,83,72,943 6,61,182 38,54,24,583

11 Oil Pipeline Installations 36,97,93,439 - - 36,97,93,439

12 Ore Handling Facilities 42,26,79,568 - - 42,26,79,568

13 Container Handling 71,48,74,362 - - 71,48,74,362

Total 1107,01,78,243 13,24,19,867 33,59,85,881 1086,66,12,229 14 Capital Work in Progress 133,84,80,070 62,88,86,384 23,28,59,309 173,45,07,145 Grand Total 1240,86,58,313 76,13,06,251 56,88,45,190 1260,11,19,374

sd/- C.S.Vemanna 14.05.2018 Financial Adviser & Chief Accounts Officer Chennai Port Trust

Annual Report 2017 -2018 146 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018

(Amount in ` ) DEPRECIATION NET BLOCK Opening Closing Provided As on As on Balance Balance as on Additions Deletions during the 31.03.2018 31.03.2017 as on 31.03.2018 year (5) - (10) (2) - (6) 01.04.2017 (6+7-8+9) 6 7 8 9 10 11 12

- - - 25,17,94,416 25,17,94,416

5,09,67,120 - 1,01,93,424 6,11,60,544 94,79,88,417 95,81,81,841

10,31,32,845 - 35,32,816 10,66,65,661 24,45,18,447 24,49,07,262

47,01,51,138 - 2,11,02,618 49,12,53,756 54,98,40,569 55,44,68,115

14,94,66,299 - 1,90,09,261 16,84,75,560 41,42,84,997 40,94,69,893

111,75,93,408 - 5,84,60,373 117,60,53,781 30,58,42,845 36,43,03,218

26,45,33,578 - 64,66,784 27,10,00,362 12,72,54,555 12,99,62,584

66,10,07,965 23,70,499 4,74,97,126 70,61,34,592 161,28,66,538 196,32,75,868

40,19,37,867 2,83,352 2,81,17,104 42,97,71,619 21,90,39,905 24,71,57,009

12,67,25,016 - - 12,67,25,016 33,40,93,221 33,40,93,221 33,80,56,486 - 2,93,62,055 36,74,18,541 6,16,56,935 7,39,32,903

20,24,70,565 6,61,182 1,32,03,501 21,50,12,884 17,04,11,699 14,52,42,257

24,62,73,400 - 1,73,28,397 26,36,01,797 10,61,91,642 12,35,20,039

37,63,20,340 - 76,20,827 38,39,41,167 3,87,38,401 4,63,59,228

35,18,28,149 - 1,44,92,207 36,63,20,356 34,85,54,006 36,30,46,213

486,04,64,176 33,15,033 27,63,86,493 513,35,35,636 573,30,76,593 620,97,14,067 173,45,07,145 133,84,80,070 486,04,64,176 33,15,033 27,63,86,493 513,35,35,636 746,75,83,738 754,81,94,137

sd/- Cyril C George 14.05.2018 Chairman i/c Chennai Port Trust

Annual Report 2017 -2018 147 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018

SCHEDULE - VII - INVESTMENTS (Amount in `) List of Investments 31.03.2018 31.03.2017

1 2 3 Equity Shares held in Public Limited Companies Equity Share Capital in Kamarajar Port Ltd (erstwhile 100,00,00,000 100,00,00,000 Ennore Port Ltd.) ( I0,00,00,000 shares @ Rs.10/- each.)

Equity Share Capital in Sethusamudram Corporation Ltd., 30,00,00,000 30,00,00,000 (3,00,00,000 shares @ Rs.10/- each)

Equity Share Capital in Chennai Ennore Port Road Co. Ltd., (i) 13,70,00,000 shares @ Rs.10/- each (ie Rs.137 crores value shares certificates received in original) 139,80,00,000 139,80,00,000 (ii) Rs.2.80 crores value of shares certificates received without stamp duty paid endorsement & hence the same was returned for making endorsement

Equity Share Capital in Indian Port Rail Corporation Ltd 7,20,00,000 7,20,00,000 (IPRCL) (72,00,000 shares @ Rs.10/- each) Total 277,00,00,000 277,00,00,000

sd/- sd/- C.S.Vemanna Cyril C George 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts Officer Chairman i/c Chennai Port Trust Chennai Port Trust

Annual Report 2017 -2018 148

CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 SCHEDULE - X - Cash and Bank Balances

Leave General Sl. Provident Name of the Bank Revenue A/c. Encashment Insurance No Fund Fund Fund

1 2 3 4 5 6 A Fixed Deposits

Andhra Bank 25,08,00,000 7,72,00,000 3,30,00,000 - Allahabad Bank 27,54,00,000 13,84,00,000 80,00,000 1,26,00,000 Bank of Baroda 97,13,00,000 25,62,00,000 3,04,00,000 27,50,00,000 Bank of India 102,53,00,000 50,13,00,000 7,65,00,000 2,10,00,000 Canara Bank 38,77,00,000 1,24,00,000 - 5,94,00,000 Central Bank of India 18,63,06,590 2,97,00,000 - - Corporation Bank 24,02,99,999 3,96,00,000 - 67,00,000 I.D.B.I 40,88,20,000 4,73,00,000 4,88,00,000 12,26,00,000 Indian Bank 26,66,00,000 4,95,00,000 - - Indian Overseas Bank 30,39,00,000 3,73,00,000 2,60,00,000 44,500,000 Oriental Bank of Commerce 2,60,00,000 - - - Punjab National Bank 49,71,00,000 11,76,00,000 80,00,000 18,35,00,000 Punjab & Sind Bank 42,28,00,000 28,800,000 - 11,32,00,000 State Bank of India 14,72,00,000 49,500,000 - - UCO Bank 18,81,00,000 4,95,00,000 - - Union Bank of India 155,97,00,000 40,38,00,000 13,67,00,000 43,33,50,000 Vijaya Bank 15,87,00,000 - 16,00,00,000 9,42,00,000 Treasury 57,000 - - - Contractors & Others (in different Banks) - - - - Sub Total 731,60,83,589 183,81,00,000 52,74,00,000 136,60,50,000 B Short Term Deposit with Banks State Bank of India 45,00,00,000 2,00,00,000 - - C Current Account State Bank of India 10,89,95,796 - - - Indian Bank (EDI) 60,73,592 - - - State Bank of India (Service Tax) 5,918 - - - I D B I Bank - Collection control A/c. 21,359 - - - I D B I Bank Ltd - EDI 4,42,06,218 - - - Sub Total 15,93,02,883 - - - D Savings Bank Account Canara Bank - - - - State Bank of India 50,778 39,65,261 2,03,00,466 11,61,744 Union Bank of India (Harbour Entry Fees) 2,68,383 - - - Sub Total 3,19,161 39,65,261 2,03,00,466 11,61,744 E Cash on Hand F Total (A+B+C+D+E) 792,57,05,633 186,20,65,261 54,77,00,466 136,72,11,744 G Capital - I Current Account - SBI 3,79,449 - - - H Capital - II Current Account - SBI 7,95,071 - - - Grand Total (F+G +H) 792,68,80,153 186,20,65,261 54,77,00,466 136,72,11,744

sd/- C.S.Vemanna 14.05.2018 Financial Adviser & Chief Accounts Officer Chennai Port Trust

Annual Report 2017 -2018 150 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO BALANCE SHEET AS AT 31.03.2018 (Amount in `)

Loss in Wages Railway Family Compensation Welfare Fund Deposit Fund Freight Total Security Fund Fund Advance

7 8 9 10 11 12

- - 30,00,000 - - 36,40,00,000 - - - - - 43,44,00,000 7,00,000 50,000 22,00,000 - - 153,58,50,000 2,59,00,000 - - - - 165,00,00,000 - - - - - 45,95,00,000 - - - - - 21,60,06,590 - - - - - 28,65,99,999 5,85,00,000 68,00,000 - - - 69,28,20,000 - - - - - 31,61,00,000 - - - - - 41,17,00,000 - - - - - 2,60,00,000 - - - - - 80,62,00,000 4,68,00,000 - - - 61,16,00,000 19,67,00,000 - - - - 23,76,00,000 53,00,000 2,44,20,000 - - - 256,32,70,000 6,97,00,000 - - - - 48,26,00,000 - - - - - 57,000 - - - 7,01,908 - 7,01,908 20,69,00,000 3,12,70,000 52,00,000 7,01,908 - 1129,17,05,497

- - - - - 47,00,00,000

- - - - - 10,89,95,796 - - - - - 60,73,592 - - - - - 5,918 - - - - - 21,359 - - - - - 4,42,06,218 ------15,93,02,883

- - 34,535 - - - 34,535 17,44,597 - 7,95,634 673 4,75,49,040 7,55,68,193 - - - - - 2,68,383 17,44,597 34,535 7,95,634 673 4,75,49,040 7,58,71,111

20,86,44,597 3,13,04,535 59,95,634 7,02,581 4,75,49,040 1199,68,79,491

- - - - - 3,79,449

- - - - - 7,95,071 20,86,44,597 3,13,04,535 59,95,634 7,02,581 4,75,49,040 1199,80,54,011

sd/- Cyril C George 14.05.2018 Chairman i/c Chennai Port Trust

Annual Report 2017 -2018 151 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2018

(Amount in `) SCH PARTICULARS 31.03.2018 31.03.2017 No. Operating Income Cargo Handling and Storage Charges I 422,84,79,538 422,11,07,999 Port and Dock Charges II 280,23,03,881 291,34,01,699 Railway Earnings III 20,43,20,962 19,34,18,479 Estate Rentals IV 40,86,15,242 42,63,85,050 Total 764,37,19,623 775,43,13,227 Operating Expenditure Cargo Handling and Storage Charges V 113,92,25,734 141,12,27,788 Port and Dock Facilities for Shipping VI 90,14,86,611 91,81,94,351 Railway Workings VII 26,97,14,282 30,04,13,372 Rentable land & Building VIII 5,52,95,993 7,27,54,566 Management and General Admn Expenses IX 297,87,67,767 287,96,95,715 Total 534,44,90,387 558,22,85,792 Operating Surplus 229,92,29,236 217,20,27,435 Add : Finance and Miscellaneous Income X 188,22,88,279 176,72,56,464 418,15,17,515 393,92,83,899 Less : Finance and Miscellaneous Expenditure XI 377,85,69,734 381,33,67,785 Profit Before Tax 40,29,47,781 12,59,16,114 Less: Provision for Taxation 7,03,00,000 - Profit After Tax 33,26,47,781 12,59,16,114 Add: Amount withdrawn from General Reserve 215,58,00,000 69,00,00,000 Amount withdrawn from Reserve for Replacement, Rehabilitation and Modernisation of Capital Assets - 136,00,00,000 Amount withdrawn from Reserve for Development, Repayment of Loans & Contingencies - 136,00,00,000 Less: Amount transferred to Pension Fund 208,08,00,000 341,00,00,000 Amount transferred to Gratuity Fund 7,50,00,000 - Amount available for Appropriation 33,26,47,781 12,59,16,114 Less : Appropriations General Insurance Fund 1,00,00,000 1,00,00,000 Repayment of GoI Loan instalment - 8,51,800 Contribution to Capital Works (Capital-I) 7,40,54,000 7,88,45,000 Contribution to Capital Works (Capital-II) 50,36,25,000 106,54,35,000 Total 58,76,79,000 115,51,31,800 Balance Transferred to General Reserve -25,50,31,219 -102,92,15,686

sd/- sd/- C.S.Vemanna Cyril C George 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts Officer Chairman i/c Chennai Port Trust Chennai Port Trust

Annual Report 2017 -2018 152 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2018 (Amount in `) SCH PARTICULARS 31.03.2018 31.03.2017 No. OPERATING INCOME I Cargo Handling and Storage Charges Handling Charges on General Cargo 78,48,80,625 85,71,81,468 Handling of POL Products 47,03,73,244 38,83,38,302 Storage Fees 43,70,04,297 30,82,79,816 Cranage 2,98,27,537 3,71,75,756 Wharfage Charges on Containers 6,28,712 5,14,669 Clearing & Forwarding Levy 26,48,230 1,97,25,532 Stevedoring Charges 12,52,95,978 12,06,64,177 Demurrage on General Cargo 5,03,30,468 23,80,17,199 Harbour Entry Fees 6,41,98,660 6,24,29,106 Miscellaneous Income 2,90,43,612 3,57,29,694 Sub Total (A) 199,42,31,363 206,80,55,719 Income from BOT Contracts Royalty from CCTPL 80,60,73,807 82,78,95,097 Revenue share from CITPL 137,48,50,506 130,06,92,417 Revenue share - Global Port Solutions (MHC) 4,99,90,529 2,11,31,433 Amortisation of Upfront Premium - CITPL 33,33,333 33,33,333 Sub Total (B) 223,42,48,175 215,30,52,280 Total ( A + B ) 422,84,79,538 422,11,07,999 II Port and Dock Charges Port Dues 61,12,93,715 65,61,85,694 Pilotage and Towage 161,30,75,686 168,25,45,790 Berth Hire Charges 57,39,15,061 57,38,31,899 Water Supplying to Shipping 4,52,000 5,23,050 Miscellaneous Income 35,67,419 3,15,266 Total 280,23,03,881 291,34,01,699 III Railway Earnings Freight and Haulage charges 2,92,24,413 2,73,93,812 Terminal Charges 12,22,01,641 12,43,83,454 Miscellaneous Income 5,28,94,908 4,16,41,213 Total 20,43,20,962 19,34,18,479 IV Estate Rentals Licence Fee from Quarters (regrouped from FMI) 68,42,670 - Rent from Quarters - Others 43,24,382 56,74,255 Rent from Office Accommodation 10,97,64,857 14,06,18,423 Upfront Premium from office accommodation 24,68,356 24,68,356 Lease rent - CCTPL 2,37,718 4,32,750 Lease Rent, Way Leave Charges - CITPL 8,08,88,741 6,86,24,632 Electricity and Water Charges 19,44,68,476 20,35,50,750 Miscellaneous Income 96,20,042 50,15,884 Total 40,86,15,242 42,63,85,050

Annual Report 2017 -2018 153 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SCHEDULES TO PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2018 (Amount in `) SCH PARTICULARS 31.03.2018 31.03.2017 No. OPERATING EXPENDITURE V Cargo Handling and Storage Charges Handling and Storage of General Cargo 36,77,39,092 57,86,08,744 Handling of POL Products 10,96,00,241 9,58,38,515 Warehousing 7,48,26,614 8,78,15,556 Op & Maint. of Cranes including floating cranes 3,52,61,868 7,74,61,890 Administration and General Expenses 48,81,72,387 50,66,14,262 Depreciation 6,36,25,532 6,48,88,821 Total 113,92,25,734 141,12,27,788 VI Port and Dock Facilities for Shipping Towage, Berthing and Mooring 10,42,98,441 24,21,87,728 Pollution Control 46,37,213 53,55,339 Pilotage 13,05,13,880 15,41,65,969 Fire Fighting 11,11,79,018 11,12,64,731 Dredging and Marine Survey 6,74,35,954 6,73,68,317 Harbour Patrol 86,774 11,05,517 Op & Maint. of Navigational Aids 35,14,35,198 20,05,54,483 Depreciation 13,19,00,133 13,61,92,267 Total 90,14,86,611 91,81,94,351 VII Railway Workings Op & Maint. of Locomotives, Wagons, etc. 8,95,86,679 9,02,22,265 Maint. of Permanent way, Signal and Interlocking Facilities 19,63,617 1,44,02,475 Op & Maint and Admn. of station, yards, Sidings and Gen.Expn 17,15,82,325 18,21,68,772 Depreciation 65,81,661 1,36,19,860 Total 26,97,14,282 30,04,13,372 VIII Rentable Land & Building Estate Maint. Admin. and Gen. Expenses 4,14,16,485 5,88,75,063 Depreciation 1,38,79,508 1,38,79,503 Total 5,52,95,993 7,27,54,566 IX Management and General Administration Exp Management and Secretarial 44,44,73,433 48,49,14,383 Accounting and Auditing 20,73,85,740 24,23,93,322 Property Tax 47,27,200 52,03,692 Legal Expenses 72,83,229 79,95,227 Labour and Welfare Charges 7,70,18,313 8,24,64,430 Medical Expenses 42,30,18,461 44,42,84,056 Storekeeping 11,42,30,707 10,68,77,139 Telephone Expenses 26,66,127 34,24,206 Engineering and Workshop Overheads 163,75,64,898 144,50,30,882 Depreciation 6,03,99,659 5,71,08,378 Total 297,87,67,767 287,96,95,715 X Finance and Miscellaneous Income Interest & Dividend Interest of Fixed Deposits - General Fund 52,04,69,658 71,70,03,762 Interest on Loan to KPL 22,15,18,951 25,25,93,771 Interest on I.T. Refund 5,71,08,026 8,59,31,858 Interest on Advances to Employees 34,98,029 42,89,420 Dividend from Equity Shares in KPL 61,00,00,000 20,00,00,000 Sub Total (A) 141,25,94,664 125,98,18,811

Annual Report 2017 -2018 154 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND SCHEDULES TO PROFIT AND LOSS ACCOUNT NOTES ON ACCOUNTS FOR THE YEAR ENDED 31.03.2018 (Amount in `) SCH PARTICULARS 31.03.2018 31.03.2017 (A) ACCOUNTING POLICIES No. X Finance and Miscellaneous Income 1. The Books are maintained under Mercantile System (accrual basis) of accounting as Other Non-operating & Misc Income per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. Profit on Sale of Capital Asset - 1,23,43,817 Swach Bharat Abiyan (SBA) Grant 2,00,00,000 3,29,00,000 Green Port Initiative (GPI) Grant 23,25,800 - 2. Income is recognised as and when services are rendered and no significant uncertainty Sale of Unserviceable Goods 2,13,45,548 3,15,17,279 exists regarding the amount of consideration that will be derived from rendering of the Recoveries / Receipts from Port users 15,939 14,61,494 Sale of Tender Documents 1,29,934.00 5,67,300 service. Licencee Fee from Quarters (regrouped from FMI) - 54,06,375 Penalties 5,24,69,937 5,75,98,224 3. Fixed Assets are exhibited at historical cost less depreciation. Misecllaneous Receipts 13,62,32,534 4,76,67,386 Items relating to previous year 9,39,61,773 31,79,75,778 4. Fixed Assets are excluded from the financial statements on disposal. The write-off Sale of Duty Scrips 14,32,12,150 - Sub Total (B) 46,96,93,615 50,74,37,653 value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Total (A + B) 188,22,88,279 176,72,56,464 Act, 1963. XI Finance and Miscellaneous Expenditure Contribution & Expenditure towards Retirement Benefits 5. Fixed Assets under Construction are categorised as Capital Works in Progress. Contribution to Pension Fund 68,00,00,000 82,00,00,000 Contribution to Gratuity Fund 21,00,00,000 24,00,00,000 6. Physical Verification of all Fixed Assets is carried out once in three years. Contribution to New Pension Scheme 64,99,699 58,94,782 Gratuity Paid in Excess of Rs.3.50 Lakhs - - Superannuation Pension - Retired Prior to 14.11.2002 78,34,68,979 93,77,52,522 7. Payments/Contributions which are not considered as Investments in the form of Equity Family Pension - Retired Prior to 14.11.2002 86,90,03,476 72,98,63,775 or Loan shall be amortised over a period of 10 years from the first year in which the Sub Total (A) 254,89,72,154 273,35,11,079 Contribution to Other Funds contribution is made. Contribution to Leave Encashment Fund 27,10,00,000 24,58,03,000 Contribution to Welfare Fund 15,00,000 15,00,000 8. Depreciation is provided on Straight Line Method at the rates in accordance with the Contribution to Family Security Fund 19,00,000 1,00,000 Contribution to Loss in Wages Compensation Fund 26,192 39,288 life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 Sub Total (B) 27,44,26,192 24,74,42,288 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per Deferred Revenue Expenditure Ex-Gratia to employees - S.V.R.S 33,73,37,776 48,40,33,707 the new Accounting Policy, the Depreciation is provided in proportion to the utility of Compensation paid to wards of deceased employees 27,36,000 6,20,31,000 the Asset, as per the slab indicated in the Accounting Policy. Wherever Government Sub Total (C) 34,00,73,776 54,60,64,707 Other Finance & Miscellaneous Expenditure fixed life norms is not available for any particular asset, the life norm is adopted as Interest payable on Loan from Govt. of India - 97,689 Bank Charges, Brokerage & Commission 95,33,651 55,33,082 prescribed by the concerned operating Departments. Loss on disposal of Capital Assets - - Payment of W.R.A. 34,00,00,000 - 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no Incentive to GPF Subscribers - 98,89,626 depreciation is charged. Prior Period Exp - Others 26,55,63,961 27,08,29,314 Sub Total (D) 61,50,97,612 28,63,49,711 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Total (A to D) 377,85,69,734 381,33,67,785 Lease hold land and included as fixed assets under the category land. Amount spent sd/- sd/- C.S.Vemanna Cyril C George towards acquisition of lease hold land is written off / amortized over the lease period. 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts Officer Chairman i/c 11. Operating leases are considered as revenue in nature and accordingly the receipts and Chennai Port Trust Chennai Port Trust payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

Annual Report 2017 -2018 155

25. Chennai Port Trust follows income approach in respect of revenue grants received by it from the Government of India and accordingly receipt of grants are treated as income to the extent of expenditure incurred towards the purposes for which the grant is received and the remaining amount is treated as liability.

26. (a) (i) Government grant relating to construction/acquisition of fixed assets are recognized in the financial statements when there is reasonable assurance that the Port will comply with the conditions attached to the terms of grant and that the grant will be received.

(ii) Government grants related to specific fixed assets are presented in the balance sheet by showing the grant as a deduction from the Gross value of the assets concerned in arriving at their book value. Where the grant related to a specific fixed asset equals the whole, or virtually the whole, of the cost of the asset, the asset is shown in the balance sheet at a nominal value.

(b) Specific grants related to Revenue are shown separately under the respective head.

(c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of the DCSs at the values estimated on prudent basis. Subsequent excess realization or short realization on sale /transfer/utilization of the DCSs in comparison to their originally recognized value is treated as revenue income or revenue expenditure and reported under Finance & Miscellaneous Income or Finance & Miscellaneous Expenditure. Any reduction in the carrying values of these DCSs on subsequent balance sheet date(s) and/or on account of expiration of these DCSs are treated as revenue expenditure and reported under F&M Expenditure.

27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim at a later-date, is treated as revenue expenditure and reported under Finance and Miscellaneous Expenditure. CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 NOTES ON ACCOUNTS EXPENDITURE TYPEWISE FOR THE YEAR ENDED 31.03.2018 (A) ACCOUNTING POLICIES (Amount in `) Type 1. The Books are maintained under Mercantile System (accrual basis) of accounting as PARTICULARS 31.03.2018 31.03.2017 Code per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. A Salaries and Wages 101 Salaries & Wages (General) 177,48,38,506 197,47,56,437 102 Salaries & Wages (Hamallage Labour) 18,64,27,506 24,74,82,217 2. Income is recognised as and when services are rendered and no significant uncertainty 110 Salaries & Wages (Operation) 39,18,35,136 46,86,75,784 exists regarding the amount of consideration that will be derived from rendering of the 118 Cafeteria Allowance 4,66,38,429 5,24,61,134 130 Salaries & Wages (R&M) 73,38,44,451 74,55,07,780 service. 141 Salaries & Wages (Others) 4,59,918 6,52,987 Sub Total (1) 313,40,43,946 348,95,36,338 3. Fixed Assets are exhibited at historical cost less depreciation. 104 Overtime 1,12,04,298 5,38,43,326 105 Restday & Holiday Wages 2,82,63,753 1,72,90,124 4. Fixed Assets are excluded from the financial statements on disposal. The write-off 120 Salaries & Wages (Hon. Payment) 91,51,150 14,28,570 Sub Total (2) 4,86,19,201 7,25,62,020 value of assets are made, as per the provisions of Section 96 of the Major Port Trusts 107 Loco/Railway Incentive 50,12,996 39,25,952 Act, 1963. 108 Other Incentive 2,30,15,157 2,27,60,356 Sub Total (3) 2,80,28,153 2,66,86,308 113 Wage Revision Arrears 34,00,00,000 - 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 115 Ex-gratia 5,47,00,966 6,82,69,880 330 Leave Travel Concession 33,51,383 44,69,924 6. Physical Verification of all Fixed Assets is carried out once in three years. 536 Children Education Allowance 3,16,21,972 3,69,94,953 Sub Total (4) 42,96,74,321 10,97,34,757 7. Payments/Contributions which are not considered as Investments in the form of Equity Total (A) 364,03,65,621 369,85,19,423 or Loan shall be amortised over a period of 10 years from the first year in which the B Stores Expenses 201 General 6,06,394 9,11,971 contribution is made. 202 Stationery & Printing 25,83,619 31,95,091 204 Uniform 1,32,292 29,94,630 8. Depreciation is provided on Straight Line Method at the rates in accordance with the 208 Photopass material 4,12,285 4,66,977 210 Fuel Operation 14,98,04,379 13,60,82,685 life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 211 Lubricants Operation 27,29,643 15,34,072 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per 212 Consumables Operation 8,09,945 2,91,493 230 R&M - Fuel 18,773 53,085 the new Accounting Policy, the Depreciation is provided in proportion to the utility of 231 R&M - Lubricants 2,61,151 4,09,870 232 R&M - Consumables 27,49,726 73,60,010 the Asset, as per the slab indicated in the Accounting Policy. Wherever Government 235 Cables 3,58,006 10,42,273 fixed life norms is not available for any particular asset, the life norm is adopted as 236 Batteries 10,21,374 1,51,864 237 Wire Ropes - 25,791 prescribed by the concerned operating Departments. 238 HPSV Lamps &Fittings 66,597 90,02,047 239 Wood - 8,000 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no 250 Paints & Varnishes 58,780 2,02,973 252 Pipe Fittings, Accessories 46,06,034 28,02,234 depreciation is charged. 254 Tools & Plants 1,58,786 1,65,482 256 Spares Mechanical 1,81,08,125 1,00,23,408 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as 257 Spares Electrical 32,10,195 2,442,600 Lease hold land and included as fixed assets under the category land. Amount spent 260 Civil Materials 5,40,737 1,07,18,424 262 Metal 1,84,629 3,000 towards acquisition of lease hold land is written off / amortized over the lease period. Total (B) 18,84,21,470 18,98,87,977 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

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(b) Specific grants related to Revenue are shown separately under the respective head.

27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim at a later-date, is treated as revenue expenditure and reported under Finance and Miscellaneous Expenditure. CHENNAI PORT TRUST CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 ANNUAL ACCOUNTS 2017-18 EXPENDITURE TYPEWISE FOR THE YEAR ENDED 31.03.2018 SIGNIFICANT ACCOUNTING POLICIES AND (Amount in `) Type PARTICULARS 31.03.2018 31.03.2017 NOTES ON ACCOUNTS Code C Operation & Maintenance Expenses 421 Hire Charges - Vehicles 3,03,35,861 2,93,53,827 (A) ACCOUNTING POLICIES 423 Damages & Deficiencies paid to S.Rly. 29,36,235 28,66,454 440 Separation amount payable to CCTL 25,02,444 16,27,667 1. The Books are maintained under Mercantile System (accrual basis) of accounting as 450 Water charges 3,14,05,506 5,83,62,218 per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 481 Electricity charges 26,04,87,280 26,74,27,097 499 Pollution Control Expenses 4,86,614 1,13,01,998 516 Police/Security 72,84,989 82,90,298 2. Income is recognised as and when services are rendered and no significant uncertainty 520 Honorarium 1,36,78,406 1,33,62,638 exists regarding the amount of consideration that will be derived from rendering of the 521 Gas 14,99,956 13,27,637 530 Contract payments for operations 13,07,80,983 19,04,119 service. 551 Cont. to Elevated corridor as Deferred Rev. 5,25,23,756 5,25,23,756 552 ESI - Port Contribution 80,031 - 3. Fixed Assets are exhibited at historical cost less depreciation. 560 Spillage Handling Expenses 30,19,680 98,12,707 580 Repairs & Maintenance (incl. pay. to contrts.) 9,93,64,857 33,39,07,290 4. Fixed Assets are excluded from the financial statements on disposal. The write-off 583 Annual Lease Charges - Thiruvotriyur Municipality 5,06,86,421 - 597 Testing and Certifying Fees 8,18,735 3,68,609 value of assets are made, as per the provisions of Section 96 of the Major Port Trusts 621 Research & Development 9,38,085 9,16,665 Act, 1963. Sub Total (1) 68,88,29,839 79,33,52,979 Swach Bharat Abhiyan 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 601 Cleaning Wharf 12,52,482 - 602 Cleaning & Repair of Sheds 26,42,736 - 603 Auction & Disposal of Unservicable items 94,932 - 6. Physical Verification of all Fixed Assets is carried out once in three years. 605 Painting all Signage & Boards - - 606 Cleaning & Repair of Port Roads 21,00,321 - 7. Payments/Contributions which are not considered as Investments in the form of Equity 607 Painting road sings, pavements, etc., 11,41,856 - or Loan shall be amortised over a period of 10 years from the first year in which the 608 Pavements & Cement furn. Along pavements - - 609 Beautification and cleaning of Parks 50,475 - contribution is made. 610 Covering tiles, moram,wooden chips in open areas 3,03,377 - 611 Modernisation toilet complex in open area 7,67,404 - 8. Depreciation is provided on Straight Line Method at the rates in accordance with the 612 Placing Dustbins - - 613 Board indicating cleanliness messages 1,45,150 - life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 614 Painting office building and residences 79,02,946 - issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per 615 Cleaning & painting of statues 8,581 - 616 Cleaning & Repair of drainages & storm water sys 34,89,578 - the new Accounting Policy, the Depreciation is provided in proportion to the utility of 620 Removing unnecessary vegetation 5,29,836 - Sub Total (2) 2,04,29,674 - the Asset, as per the slab indicated in the Accounting Policy. Wherever Government Green Port Initiative fixed life norms is not available for any particular asset, the life norm is adopted as 555 Environmental Parameter Study 14,48,187 21,73,503 617 Plantation in open areas avenues and corners 8,77,613 - prescribed by the concerned operating Departments. 622 Reparing windscreen - - 623 Improving quality of harbour water - - 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no Sub Total (3) 23,25,800 21,73,503 Total (C) 71,15,85,313 79,55,26,482 depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

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27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim at a later-date, is treated as revenue expenditure and reported under Finance and Miscellaneous Expenditure. CHENNAI PORT TRUST CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 ANNUAL ACCOUNTS 2017-18 EXPENDITURE TYPEWISE FOR THE YEAR ENDED 31.03.2018 SIGNIFICANT ACCOUNTING POLICIES AND (Amount in `) Type NOTES ON ACCOUNTS PARTICULARS 31.03.2018 31.03.2017 Code D Office & General Adminstration Expenses 213 Printing of Coffee Table book - 50,925 (A) ACCOUNTING POLICIES 310 Telegraph, Postage & Stamps 7,58,061 8,69,706 320 Tour & Travel Expenses 7,21,400 18,01,453 1. The Books are maintained under Mercantile System (accrual basis) of accounting as 321 TA / Airfare Payment 44,38,816 38,60,197 per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 325 Local Conveyance Allowance 17,714 1,00,477 350 Purchase of Furniture,Office Equipments etc. - 3,68,837 2. Income is recognised as and when services are rendered and no significant uncertainty 356 Purchase of computers / Printers 23,268 1,78,67,414 358 Purchase of air conditioner 1,58,153 2,05,687 exists regarding the amount of consideration that will be derived from rendering of the 360 Stipends 10,97,896 16,54,745 370 Miscellaneous Expenses 83,50,254 24,20,605 service. 405 Delegate fee 8,70,457 15,96,970 430 Compensation to DLB Dependents - 60,000 3. Fixed Assets are exhibited at historical cost less depreciation. 431 EPF - Employer Share 3,58,260 - 432 EPF - Administrative service charges 1,29,851 - 4. Fixed Assets are excluded from the financial statements on disposal. The write-off 433 EPF - EDLI (Employees Deduction) 7,138 - 511 Trustee's Fees 72,000 45,000 value of assets are made, as per the provisions of Section 96 of the Major Port Trusts 512 Entertainment Expenses 1,62,381 2,03,116 Act, 1963. 514 System Analysis & Management Expenses 4,18,964 55,526 517 Legal Charges 69,19,713 45,35,684 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 518 Printing & Publishing - 2,31,645 519 Telephones 26,02,072 34,24,206 522 Honorarium to enquiry officers 19,366 1,51,421 6. Physical Verification of all Fixed Assets is carried out once in three years. 523 Training 1,68,538 2,49,019 524 Expenses on visit of VIP's / VVIP's 17,58,057 11,07,063 7. Payments/Contributions which are not considered as Investments in the form of Equity 525 Membership fee for Corporate Card - - or Loan shall be amortised over a period of 10 years from the first year in which the 526 Printing Diaries and Calenders 6,46,035 7,25,441 527 Momentoes / Gifts given for press meet - - contribution is made. 528 Telephones provided to Officers/Mobile phone 17,372 - 529 Board & Trade meeting expenses 3,36,678 15,37,940 8. Depreciation is provided on Straight Line Method at the rates in accordance with the 533 Contrbn. to MP&D Educational HSS 3,70,00,000 3,63,04,096 534 Grant to Canteen 28,61,674 31,10,785 life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 535 Grant of Conducting Sports, Competition,etc. 16,13,749 21,49,963 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per 537 Hindi Examination / Celebration 43,634 36,467 546 Donation to Club/Soc. -staff Ins. 75,000 1,24,952 the new Accounting Policy, the Depreciation is provided in proportion to the utility of 547 Independence/Republic day Cel. 2,37,874 3,00,197 550 Computer peripherals and Accessories 17,45,749 22,93,862 the Asset, as per the slab indicated in the Accounting Policy. Wherever Government 553 NABL Accreditation pros. Chgs. - - fixed life norms is not available for any particular asset, the life norm is adopted as 578 Publicity Expenses 8,48,768 1,59,153 586 Seminar, Workshops - 7,805 prescribed by the concerned operating Departments. 587 Consultancy Fees 3,56,896 27,40,982 588 Advertisement Expenses 33,12,070 36,09,983 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no 589 Office Machine - Servicing Charges 1,52,34,080 1,43,33,024 590 Subscription 1,84,362 2,59,486 depreciation is charged. 591 C&AG Audit fees 8,40,000 45,81,000 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

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(b) Specific grants related to Revenue are shown separately under the respective head.

sd/- sd/- 8. Depreciation is provided on Straight Line Method at the rates in accordance with the C.S.Vemanna Cyril C George 14.05.2018 14.05.2018 life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 Financial Adviser & Chief Accounts Officer Chairman i/c issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per Chennai Port Trust Chennai Port Trust the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

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(b) Specific grants related to Revenue are shown separately under the respective head.

Annual Report 2017 -2018 160

(b) Specific grants related to Revenue are shown separately under the respective head.

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. CHENNAI PORT TRUST 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 ANNUAL ACCOUNTS issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per 2017-2018 the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. ACCOUNTING POLICIES 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no AND depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as NOTES ON ACCOUNTS Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

(b) Specific grants related to Revenue are shown separately under the respective head.

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

(b) Specific grants related to Revenue are shown separately under the respective head.

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

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(b) Specific grants related to Revenue are shown separately under the respective head.

SIGNIFICANT ACCOUNTING POLICIES AND 13. The Long term Investments are stated at Cost. NOTES ON ACCOUNTS 14. Investments consists of the following:

(A) ACCOUNTING POLICIES a. Inter-corporate loan to other Ports 1. The Books are maintained under Mercantile System (accrual basis) of accounting as b. Fixed Deposits in Nationalised Banks. per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. c. Equity Contribution in Govt/ PSU Companies. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the 15. Disputed claims are not accounted under Sundry Debtors but only disclosed in the Notes service. on Accounts. A claim of the Port towards its Income made on a Port User challenged in any legal forum by the Port User is considered as Disputed Claim. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off 16. Irrecoverable debtors/claims are treated as Bad Debts and written-off on approval of the value of assets are made, as per the provisions of Section 96 of the Major Port Trusts competent authority. Act, 1963. 17. Claims accounted as income, but subsequently considered to be ineligible for receipt are 5. Fixed Assets under Construction are categorised as Capital Works in Progress. treated in the books of accounts as expenditure on approval of the competent authority.

6. Physical Verification of all Fixed Assets is carried out once in three years. 18. Prior period income or expense which arises in the current period as a result of errors or 7. Payments/Contributions which are not considered as Investments in the form of Equity omission in the preparation of Financial Statements of one or more prior periods are or Loan shall be amortised over a period of 10 years from the first year in which the included under Finance and Miscellaneous Income or Expenditure respectively. contribution is made. 19. As per the Revised Accounting format approved by the C&AG, all the investments are 8. Depreciation is provided on Straight Line Method at the rates in accordance with the disclosed in Schedule-VII, all the deposits and bank balances are shown in Schedule-X. life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 20. In respect of posts created and identifiable to a particular project, the related issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per establishment costs are charged to the project. In respect of posts created and operated the new Accounting Policy, the Depreciation is provided in proportion to the utility of for multiple projects, then such establishment cost are apportioned taking the weighted the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as average of the number of months and the number of projects for which the posts are prescribed by the concerned operating Departments. operated during the particular Financial Year. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no 21. Administrative Overheads at the rate of 2% on Capital Expenditure is charged and depreciation is charged. capitalized in respect of works contracts involved in progressive monitoring and 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as certification of running bills by ChPT Engineers, whether it is mechanical or civil Lease hold land and included as fixed assets under the category land. Amount spent contracts and not in respect of supply items. towards acquisition of lease hold land is written off / amortized over the lease period. 22. In respect of employees retired before 14.11.2002 the Pension payments are charged 11. Operating leases are considered as revenue in nature and accordingly the receipts and from the Profit and Loss account. In all other cases the Pension and Gratuity payment payments are accounted. However, one time non refundable upfront Premium including arrears payment, if any, are met from the earnings of the Pension Fund and received from lessees are apportioned over the period of lease. Gratuity Fund respectively.

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(b) Specific grants related to Revenue are shown separately under the respective head.

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

(b) Specific grants related to Revenue are shown separately under the respective head.

Annual Report 2017 -2018 165 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

(b) Specific grants related to Revenue are shown separately under the respective head.

Annual Report 2017 -2018 166 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not (B) NOTES ON ACCOUNTS effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as 1. The financial statements have been prepared as per the revised format based on the orders of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption of the Ministry of Shipping, Government of India vide letter No.PR-20021/2/98-PG dated extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. 6.11.2002 for implementation of the Revised Standard Norms of Accounts for Major Port 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits Trusts. to the Port over a period of more than one year or which are considered to result in 2. The Director General of Foreign Trade(DGFT) has issued Duty Credit Scrip to Chennai Port on mitigation of future expenditure or any of the obligations of Port are treated as Deferred 07.09.2017 for a face value of `14.50 Crores for the FY 2015-16. The scrips are valid upto Revenue Expenditure and are written off over a period not exceeding 5 years. 31.03.2019. As per the Accounting Policy, the Duty Credit Scrip has been accounted in FY 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from 2017-18 at a value of `14.32Crores based on the highest offer received in the tender floated the Government of India and accordingly receipt of grants are treated as income to the for the Sale of Scrips and the same is included in the Finance & Miscellaneous Income. `87 extent of expenditure incurred towards the purposes for which the grant is received and the lakhs (i.e 6% of `14.50crores) payable to the consultant as monetization of duty credit scrip remaining amount is treated as liability. has been accounted under Finance & Miscellaneous expenditure. 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are 3. CESTAT vide its order dt.12.6.2017 has held that ChPT is liable to pay service tax together recognized in the financial statements when there is reasonable assurance that with applicable interest and penalty for its receipts of Terminal Handling Charges(THC) from the Port will comply with the conditions attached to the terms of grant and that Southern Railway during the period from 01.07.2003 to 26.08.2007. The liability on this the grant will be received. accounts stands at `38,28,29,908/- as on 31.03.2018. Against this amount, ChPT has paid a (ii) Government grants related to specific fixed assets are presented in the balance sum of `87,97,925/- by means of payment subsequent to adjudication order for the period sheet by showing the grant as a deduction from the Gross value of the assets from 01.07.2003 to 31.01.2004 and a further sum of `2.00 Crores as pre-deposits. ChPT has concerned in arriving at their book value. Where the grant related to a specific filed an appeal before Apex Court challenging the order of CESTAT. Pending this, ChPT has fixed asset equals the whole, or virtually the whole, of the cost of the asset, the made a counter claim for the entire amount of `38,28,29,908/- with accumulation of interest asset is shown in the balance sheet at a nominal value. on Southern Railway which remains unpaid by Southern Railways. ChPT has also filed a suit (b) Specific grants related to Revenue are shown separately under the respective head. before the Hon’ble High Court of Madras for recovering the said sum of `19,32,77,664/- as on 31.3.2011(W.P.No:10625/2009 dt.17.07.2009) against Southern Railway for non-payment (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of of Service Tax on THC by Southern Railway for the period from 1.7.2003 to 26.8.2007 and the DCSs at the values estimated on prudent basis. Subsequent excess realization or short realization on sale /transfer/utilization of the DCSs in comparison to their the same is still pending. originally recognized value is treated as revenue income or revenue expenditure and 4. Details of ChPT’s claims for various services rendered by the Port which are disputed by the reported under Finance & Miscellaneous Income or Finance & Miscellaneous parties other than M/s. CCTPL and M/s CITPL. Expenditure. Any reduction in the carrying values of these DCSs on subsequent balance sheet date(s) and/or on account of expiration of these DCSs are treated as Descriptions ` in Crs revenue expenditure and reported under F&M Expenditure. O/B of outstanding Claims as on 01.04.2017 247.96 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying Less: claims received during the FY 2017-18 2.93 unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and Add: Interest & Penalty for the year 2017-18 32.52 taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim C/b of outstanding Claims as on 31.03.2018 277.55 at a later-date, is treated as revenue expenditure and reported under Finance and Miscellaneous Expenditure.

Annual Report 2017 -2018 167 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not 5. Short fall in MGT by Iron Ore Exporters effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as Port had claimed a sum of `39.80 Croress from iron ore exporters towards shortfall in of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption MGT for the period from 28.7.2010 to 31.12.2010 and initiated action for encashment extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. of BGs. The iron ore exporters have filed Writ petitions and obtained stay for 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits encashment of BG and the matter is subjudice. Among the above, as per the High Court to the Port over a period of more than one year or which are considered to result in Order on Civil suit No.1050 of 2010 filed by M/s.Tungabhadra Minerals Private Ltd. mitigation of future expenditure or any of the obligations of Port are treated as Deferred (TMPL), the Bank Guarantees submitted by the firm have been encashed during the Revenue Expenditure and are written off over a period not exceeding 5 years. FY2016-17. M/s.TMPL has filed OSA No.57 of 2017 against Chennai Port Trust to set aside the judgement and decree dated 12.1.17 passed by the Hon’ble Single Judge in C.S. 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from No.1050 of 2010. During current year, M/s. V S Lad and Sons has not extended the Bank the Government of India and accordingly receipt of grants are treated as income to the Guarantee amount of `7.32 Crores. The firm had violated the Court Order direction. extent of expenditure incurred towards the purposes for which the grant is received and the Hence, writ petition filed in the Madras High Court (WP5109 of 2018 in WMP 27796 in remaining amount is treated as liability. WP29366 of 2010). Subsequently, the another Bank Guarantee furnished by M/s.V S Lad 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are & Sons has also been encashed to the tune of `3.62Crores. As such, balance amount of recognized in the financial statements when there is reasonable assurance that `33.85 Croress has been shown as disputed income. the Port will comply with the conditions attached to the terms of grant and that 6. Rate difference in Terminal handling charges due from S.Rly – the grant will be received. In the Minutes of the Meeting held on 22.01.2018 between Secretary, MoS and Chairman (ii) Government grants related to specific fixed assets are presented in the balance Railway Board on issues of Railway with ChPT, Railways clarified that ChPT’s claim of sheet by showing the grant as a deduction from the Gross value of the assets `38.32Crores towards rate difference in Terminal handling Charges is unsustainable and concerned in arriving at their book value. Where the grant related to a specific the matter be treated as closed. Subsequently, in the Meeting held on 26.03.2018, MoS fixed asset equals the whole, or virtually the whole, of the cost of the asset, the has decided to write to Central Railway Board (CRB) on this issue based on the decision asset is shown in the balance sheet at a nominal value. taken in the previous Meeting on 22.01.2018. Hence, MoS has been requested to pursue (b) Specific grants related to Revenue are shown separately under the respective head. the matter with CRB to settle this issue at the earliest. (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of 7. Other Vessel Related litigations : the DCSs at the values estimated on prudent basis. Subsequent excess realization or (i) M/s.Jansee Steel Industries (P) Ltd has taken over the vessel M V Eleni. The total short realization on sale /transfer/utilization of the DCSs in comparison to their dues to be recovered is `1.60 Crores and the interest accrued is `2.07Crores originally recognized value is treated as revenue income or revenue expenditure and upto 31.03.2018. The Court case is still pending vide CS 751 of 2008 filed by reported under Finance & Miscellaneous Income or Finance & Miscellaneous M/s. Jansee Steel Industries (P) Ltd on Chennai Port Trust and 3 others. Expenditure. Any reduction in the carrying values of these DCSs on subsequent balance sheet date(s) and/or on account of expiration of these DCSs are treated as (ii) The vessel M.T.Pratibha Cauvery ran aground during cyclone Nilam on revenue expenditure and reported under F&M Expenditure. 31.10.2012 and was re-floated on 11.11.2012 and subsequently berthed at JD-IV on 21.11.2012 as per the direction of DG shipping for a limited period of two 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying days. Notice dated 04.01.2013 under Section14(1) of the Indian Ports Act,1908 unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and issued to the owners in compliance with the BR No:128 dated 21.12.2012. A taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim sum of `1.29 Crores is due for the vessel MT Prathiba Cauvery as per Manual Bill at a later-date, is treated as revenue expenditure and reported under Finance and No:166 dated 19.6.2013. The case CS No:89 of 2013 is still pending in the High Miscellaneous Expenditure. Court.

Annual Report 2017 -2018 168 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not (iii) M V Sangiorgio vessel arrived in Chennai Port Trust on 17.4.2007, the vessel did effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as not sail on account of the orders of arrest passed by Hon’ble Bombay High of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption Court. The vessel occupied various berths and incurred additional Berth Hire extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. Charges amounting to `44.35 Crores. The subject matter is still subjudice [WP No:16365 of 2011] 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits to the Port over a period of more than one year or which are considered to result in (iv) M.V.Thai Hong (renamed as M.V.Kathija)- M/s John f.Fidele & company & 2 others mitigation of future expenditure or any of the obligations of Port are treated as Deferred - Vessel related charges-`1,42,472/-. Judgement Debtor not honouring the Revenue Expenditure and are written off over a period not exceeding 5 years. decree. Hence, EP No.284 of 2004 was filed & is still pending.

25. Chennai Port Trust follows income approach in respect of revenue grants received by it from (v) M.V.Sea Heron – M/s John Fidele & company and 2 others- Vessel Related the Government of India and accordingly receipt of grants are treated as income to the Charges – `6,58,251/- Appl no 2994 of 2002 – C.S .No 167 of 1985- Case extent of expenditure incurred towards the purposes for which the grant is received and the transferred to Hon’ble city civil court in 2014 & is still pending. remaining amount is treated as liability. (vi) M.B.Nile Progress & M.B.Eastern Pride – M/s Eastern Waterways Pvt. Ltd. – 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are Vessel Related charges – `13,34,760/- WP No.8514 of 2013. Counter has been recognized in the financial statements when there is reasonable assurance that filed and yet to be listed. the Port will comply with the conditions attached to the terms of grant and that 8. Claims under dispute with M/s. CCTPL : the grant will be received. a. Dues from M/s.CCTPL, the Rental Charges of `41,78,59,470/-, interest charges of (ii) Government grants related to specific fixed assets are presented in the balance `35,19,17,450/- and Security Deposit of `13,13,28,888/- were disputed and sheet by showing the grant as a deduction from the Gross value of the assets referred to Arbitration. The Arbitral Tribunal has pronounced the Award on concerned in arriving at their book value. Where the grant related to a specific 08.03.2006 rejecting the Trust’s claim and directing the Port to adjust the fixed asset equals the whole, or virtually the whole, of the cost of the asset, the counter claim of `33,77,09,219/- with interest @ 9% per annum from M/s.CCTPL asset is shown in the balance sheet at a nominal value. against the future dues. Aggrieved by the Order, the Port had filed a suit, (b) Specific grants related to Revenue are shown separately under the respective head. O.P.No.535/2006 in the Hon’ble High Court and the same was dismissed on 9.6.2008. Appeal of ChPT is numbered as OSA 1 of 2009 dt.19.12.2008 against (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of the order in OP No:535/2006 in the Hon’ble High Court of Madras against the the DCSs at the values estimated on prudent basis. Subsequent excess realization or Arbitration Award. short realization on sale /transfer/utilization of the DCSs in comparison to their originally recognized value is treated as revenue income or revenue expenditure and b. Consequent to the Arbitration Award dt.8.3.2006, CCTPL has adjusted a sum of reported under Finance & Miscellaneous Income or Finance & Miscellaneous `75,30,46,526/- against the royalty payable to the Port for the period from June Expenditure. Any reduction in the carrying values of these DCSs on subsequent ’08 to January ’09 and included in the Accounts for the year 2008-09. The CCTPL balance sheet date(s) and/or on account of expiration of these DCSs are treated as has adjusted the entire land lease charges paid by them against the royalty revenue expenditure and reported under F&M Expenditure. amount due to the Port. Since the royalty is payable by CCTPL, the same has been retained under Sundry Debtors in the Books of Accounts. 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and c. As far as Chennai Port Trust is concerned, consequent to the Arbitration Award, taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim the amount refundable by the Port towards difference in land lease charges at a later-date, is treated as revenue expenditure and reported under Finance and works out to `70,58,86,989/- which was shown under current liability in the Miscellaneous Expenditure. accounts.

Annual Report 2017 -2018 169 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not d. The land lease charges payable by M/s.CCTPL as per the License Agreement from effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as 2001-02 to 2017-18 is `313,94,28,539/-. A sum of `313,41,70,421/- is the land of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption lease amount due from M/s.CCTPL after adjusting the rate of Re.1 per Sq.mtr. as extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. per Arbitration Award. 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits Chennai Port has filed Special leave Petition(SLP No:37595 of 2016) before the to the Port over a period of more than one year or which are considered to result in Hon’ble Supreme Court challenging the dismissal of OSA1 of 2009 filed by mitigation of future expenditure or any of the obligations of Port are treated as Deferred Chennai Port. The Hon’ble Supreme Court dismissed the SLP filed by Chennai Revenue Expenditure and are written off over a period not exceeding 5 years. Port. However CCTPL is liable to remit the license fee/lease charges @ 1/- per 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from sq.mts for two parcel of land viz.,285 .mts and 600 .mts with escalation @5% for the Government of India and accordingly receipt of grants are treated as income to the every five years since 2001 and for the FY 2017-18 works out `2,197 per sq.mts. extent of expenditure incurred towards the purposes for which the grant is received and the remaining amount is treated as liability. Accordingly, the lease charges works out `88,297/- and `462,469/- respectively. In light of Supreme Court Judgement, necessary action will be taken during the 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are FY 2018-19. recognized in the financial statements when there is reasonable assurance that the Port will comply with the conditions attached to the terms of grant and that e. As per the License Agreement with M/s.CCTPL, the licensee has to achieve the grant will be received. certain percentage of Non-Transshipment Traffic (NTT) and in the event of

(ii) Government grants related to specific fixed assets are presented in the balance default has to pay compensation for the shortfall in NTT equivalent to the sheet by showing the grant as a deduction from the Gross value of the assets amount of Royalty. Accordingly, for the year 2008-09, a sum of `27,10,84,167/- concerned in arriving at their book value. Where the grant related to a specific has been claimed as compensation payable by CCTPL for non-achievement of fixed asset equals the whole, or virtually the whole, of the cost of the asset, the Non-Transshipment Traffic. The Award of the Arbitral dispute was passed on asset is shown in the balance sheet at a nominal value. 26.11.2012. As the majority of the Award was passed in favour of the Licensee M/s.CCTPL, an OP has been filed by the Port before the Hon’ble High Court of (b) Specific grants related to Revenue are shown separately under the respective head. Madras on 19.2.13 challenging the Award vide OP No.493/13. M/s.CCTPL has (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of not paid the Advance Royalty for the period from May 2013 to August 2013 and the DCSs at the values estimated on prudent basis. Subsequent excess realization or Additional Royalty for the month of May 2013 and June 2013 amounting `22.93 short realization on sale /transfer/utilization of the DCSs in comparison to their Crores, which has been adjusted by the firm as per the Arbitration Award. The originally recognized value is treated as revenue income or revenue expenditure and Port has accounted this amount as Sundry Debtors. Subsequent to the Port reported under Finance & Miscellaneous Income or Finance & Miscellaneous filing a case against this judgment vide No.OP NO.493/13, the firm has remitted Expenditure. Any reduction in the carrying values of these DCSs on subsequent the Royalty regularly except for the above said period. The Hon’ble High Court balance sheet date(s) and/or on account of expiration of these DCSs are treated as passed orders in this case in favour of the Trust with respect to adjustment of revenue expenditure and reported under F&M Expenditure. Royalty by CCTPL and in favour of M/s.CCTPL with respect to the Counter Claim 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying relating to Non-Transshipment Traffic. The firm has filed a case against this unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and judgment vide OSA No.20/2014. The Trust has filed a counter affidavit vide OSA taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim No.59/2014 and the same was dismissed on 20.03.2018 and Arbitration Award at a later-date, is treated as revenue expenditure and reported under Finance and dt.26.11.2012 was upheld by the divisional bench of Madras High Court. Miscellaneous Expenditure.

Annual Report 2017 -2018 170 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not Consequently, M/s. CCTPL vide letter dt.6.4.2018 has claimed for the refund of effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as the Bank Guarantee encashed by ChPT invoking Article 3.09(b) of the License of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption Agreement for the shortfall in NTT for the period from Dec 2003 to Nov 2006 extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. for a sum of `63,86,21,493/- from ChPT along with Interest @12% per annum from the date of realization of amount by ChPT till date of Award. Accordingly, 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits CCTPL has withheld a sum of `2,29,48,906/- payable to ChPT towards Additional to the Port over a period of more than one year or which are considered to result in Royalty for the month of March 2018. Action is being taken by the Port to mitigation of future expenditure or any of the obligations of Port are treated as Deferred challenge the common judgement under OSA No:20 and 59 of 2014. Revenue Expenditure and are written off over a period not exceeding 5 years. f. A sum of `9.44Crores being unpaid amount of 20% Service Charges on Electricity 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from Charges and Service Tax thereon. However, ChPT has taken up the issue of the Government of India and accordingly receipt of grants are treated as income to the non-payment of Service Charges and Service Tax to the Arbitration Tribunal. extent of expenditure incurred towards the purposes for which the grant is received and the g. A sum of `74,20,998/- with applicable interest being unpaid amount of remaining amount is treated as liability. differential Wharfage Charges is due from M/s CCTPL. The terminal operator 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are M/s.CCTPL has disputed the above payment in the counter claim filed for service recognized in the financial statements when there is reasonable assurance that charges on Electricity Charges. the Port will comply with the conditions attached to the terms of grant and that 9. Claims due from M/s.CITPL the grant will be received. a. The assets handed over to M/s.CITPL as per the terms of Licence Agreement (ii) Government grants related to specific fixed assets are presented in the balance have been listed in Appendix-3 of the agreement dated 07.03.2007. sheet by showing the grant as a deduction from the Gross value of the assets concerned in arriving at their book value. Where the grant related to a specific b. As per Licence Agreement M/s. CITPL was requested to take over the reclaimed fixed asset equals the whole, or virtually the whole, of the cost of the asset, the land of 39000 sq.m. and to pay the land lease charges amounting to `4.38 asset is shown in the balance sheet at a nominal value. Crores. However M/s. CITPL is not taking over the land citing the disputes pending before the Hon’ble High Court of Madras relating to annual land lease (b) Specific grants related to Revenue are shown separately under the respective head. charges and the Environmental Clearance for the reclaimed land. Chennai Port (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of fulfilled its obligation related to Environmental clearance for the reclaimed area. the DCSs at the values estimated on prudent basis. Subsequent excess realization or Since the requisition has been made by CITPL during October 2011, Chennai short realization on sale /transfer/utilization of the DCSs in comparison to their Port is fulfilling its obligations including the appointment of Independent originally recognized value is treated as revenue income or revenue expenditure and Engineer and given required time for taking over the land. M/s. CITPL have not reported under Finance & Miscellaneous Income or Finance & Miscellaneous initiated action to take over the reclaimed area. Expenditure. Any reduction in the carrying values of these DCSs on subsequent c. M/s. CITPL has raised disputes on the applicability of base year, rate of balance sheet date(s) and/or on account of expiration of these DCSs are treated as escalation, rate applicable for developed area. The matter is pending before revenue expenditure and reported under F&M Expenditure. High Court. M/s. CITPL has also disputed the claim of Chennai Port Trust on the 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying Revised Scale of Rates effective from 24.01.2015 which is pending before the unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and Arbitral Tribunal. Award was given in favour of M/s.CITPL and Chennai Port Trust taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim has filed an appeal against the award before the Hon’ble High Court. An amount at a later-date, is treated as revenue expenditure and reported under Finance and of `61.34 Crores is due from CITPL on account of difference in land lease Miscellaneous Expenditure. charges for the period from 2007-08 to 2017-18.

Annual Report 2017 -2018 171 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not 10. The income accounted by way of Royalty / Revenue Share from M/s.CCTPL / CITPL is effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as provisional and subject to Audit by an Independent Auditor. Any shortfall in of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption Royalty/Revenue Share is being reconciled from time to time. extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. 11. A sum of `31,77,27,346/- towards differential Container storage charges is still due from the 41 firms which includes two pending dispute before the Hon’ble Court for a value of 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits `1,51,33,323/- pertaining to M/s. Arebee Star Maritime Agency P Ltd and M/s. to the Port over a period of more than one year or which are considered to result in International Clearing and Shipping Agency. mitigation of future expenditure or any of the obligations of Port are treated as Deferred Revenue Expenditure and are written off over a period not exceeding 5 years. 12. M/s Global Port Solutions P Ltd has invoked arbitration clause for various issues and the same is under the proceedings of a Sole Arbitrator. M/s. GPSL is not regular in 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from remittance of revenue share to the Port for the cargo handled and has not remitted the the Government of India and accordingly receipt of grants are treated as income to the revenue share from 29.01.2017. The total revenue share payable by M/s GPSL for the extent of expenditure incurred towards the purposes for which the grant is received and the period from 29.01.2017 to 31.03.2018 works out to `4,78,93,912/- inclusive of GST remaining amount is treated as liability. interest and LD for `33,68,819/- is still unpaid. Action is being taken by the Port to recover the pending dues from M/s. GPSL in terms of the Agreement executed. 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are recognized in the financial statements when there is reasonable assurance that 13. A sum of `3.60 Crores (`13.42 lakhs realized during the FY 2017-18) is due for the period the Port will comply with the conditions attached to the terms of grant and that from 01.04.2004 to 31.03.2009 towards escalation in license fee along with Service Tax the grant will be received. (as per land Policy). M/s. West Gate Logistics P Ltd., has disputed against payment of Licence fee arrears of `28,59,896/- and filed WP No:729 of 2018. (ii) Government grants related to specific fixed assets are presented in the balance 14. Some of the licensees have disputed the bills raised by the allotting Departments and sheet by showing the grant as a deduction from the Gross value of the assets not remitted the rental dues. concerned in arriving at their book value. Where the grant related to a specific fixed asset equals the whole, or virtually the whole, of the cost of the asset, the 15. Accrued interest on investments under various Funds has been worked out as per Terms of Investments. asset is shown in the balance sheet at a nominal value. 16. ChPT has received a total amount of `12.87 Croress during FY 2006-07 and FY 2007-08 (b) Specific grants related to Revenue are shown separately under the respective head. from Government of India towards Tsunami Rehabilitation Programme and incurred a (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of total expenditure of `11.60 Crores towards this purpose upto 31.03.2018. The the DCSs at the values estimated on prudent basis. Subsequent excess realization or remaining amount of `1.27 Crores is reflected as liability in the balance sheet. short realization on sale /transfer/utilization of the DCSs in comparison to their 17. A sum of `2.00 Crores and `6.00 Crores has been received from Ministry of Shipping originally recognized value is treated as revenue income or revenue expenditure and towards Grant for providing assistance under Swachh Bharath and Green Port initiative reported under Finance & Miscellaneous Income or Finance & Miscellaneous Schemes respectively vide Ministry’s letter No:6(1)/2017-PD-VII dated 24.5.2017. A sum Expenditure. Any reduction in the carrying values of these DCSs on subsequent of `0.23Crores has been transferred to Revenue Grant to the extent of the revenue balance sheet date(s) and/or on account of expiration of these DCSs are treated as expenditure incurred under the Green Port Initiative Scheme and the balance amount of revenue expenditure and reported under F&M Expenditure. `5.77Crores has been shown under Grant-in-Aid (Schedule-V)

27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying 18. The Ministry has conveyed its approval u/s 42(3A) read with 88(2)(d) of the Major Port unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and Trusts Act 1963, for making a contribution to the Four Lane Link Road Project to an extent of `155 Crores taken up by NHAI on PPP/BOT model. A total amount of `52.52 taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim Crores has been released by ChPT. An amount of ` 5.25 Crores is being charged as at a later-date, is treated as revenue expenditure and reported under Finance and deferred revenue expenditure from FY 2010-11 onwards and balance amount of `10.51 Miscellaneous Expenditure. Crores is lying as on 31.03.2018.

Annual Report 2017 -2018 172 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not 19. A special Voluntary Retirement Scheme was implemented in the Port during October effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as 2016 to December 2016. 694 employees retired under the scheme and `123.38 crores. of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption has been incurred towards ex-gratia to these employees. An amount of `24.67 Crores is being charged as deferred revenue expenditure from FY2016-17 onwards and balance extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. amount of `74.02Crores is lying as on 31.03.2018. 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits 20. The Details of Memorandum of Lease Deed entered with SIPCOT to the Port over a period of more than one year or which are considered to result in mitigation of future expenditure or any of the obligations of Port are treated as Deferred Description ` in Crs Revenue Expenditure and are written off over a period not exceeding 5 years. Lease Rent Paid for 125.17 Acres 100.13

25. Chennai Port Trust follows income approach in respect of revenue grants received by it from Less: Lease Rent for 121.74 Acres of allotted land 97.39 the Government of India and accordingly receipt of grants are treated as income to the extent of expenditure incurred towards the purposes for which the grant is received and the Excess Paid 2.74 Less : Amount refunded by SIPCOT remaining amount is treated as liability. 2.00 (Cheque No.877041 dt21.3.2012) 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are Balance Outstanding 0.74 recognized in the financial statements when there is reasonable assurance that the Port will comply with the conditions attached to the terms of grant and that The excess lease rent of `0.74Crores paid to SIPCOT is yet to be refunded to Chennai the grant will be received. Port in spite of sending several reminders and raising the issues in various meetings. This issue was raised by Chairman, Chennai Port during the discussion in the meeting (ii) Government grants related to specific fixed assets are presented in the balance convened by the Chief Secretary to Government of Tamilnadu on 23.01.2018 to review sheet by showing the grant as a deduction from the Gross value of the assets the Development of Major Ports. The Chief Secretary instructed the SIPCOT Officials to concerned in arriving at their book value. Where the grant related to a specific sort out the issue at the earliest. In addition, this issue was also brought to the notice fixed asset equals the whole, or virtually the whole, of the cost of the asset, the of General Manager, SIPCOT during an official discussion held on 10.04.2018. Periodical asset is shown in the balance sheet at a nominal value. reminders are being sent to SIPCOT requesting to refund the excess amount.

(b) Specific grants related to Revenue are shown separately under the respective head. 21. In respect of Project “Barge Handling Project under PPP mode” - The Arbitral award dated 30.03.2018 upheld the validity of the Termination Notice dated 31.10.2015 issued by (c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of Chennai Port. Consequent to this, the letter of award was issued on 31.03.2018 to the the DCSs at the values estimated on prudent basis. Subsequent excess realization or identified bidder viz., M/s. Geo Tech Threekey (JV) for construction of Bunker berth at short realization on sale /transfer/utilization of the DCSs in comparison to their Bharathi Dock in Chennai Port through internal resources. originally recognized value is treated as revenue income or revenue expenditure and 22. The Current Liability includes an amount of `17.72Crores towards Deposit Works reported under Finance & Miscellaneous Income or Finance & Miscellaneous undertaken by ChPT on behalf of Indian Navy, Coast Guard, IOC, Southern Railway etc. Expenditure. Any reduction in the carrying values of these DCSs on subsequent 23. Confirmation of Debtor balances is not envisaged. balance sheet date(s) and/or on account of expiration of these DCSs are treated as revenue expenditure and reported under F&M Expenditure. 24. Income Tax Issues

27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying Chennai Port Trust was brought under the tax purview with effect from 1.4.2002 unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and following the amendment to Sec 10(20) of the Income Tax Act 1961 in the Finance Act 2002. Since then Chennai Port Trust has been remitting taxes on the respective due taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim dates as applicable to a non-corporate assessee and the annual return of income are at a later-date, is treated as revenue expenditure and reported under Finance and being filed with the Income Tax Department. Miscellaneous Expenditure.

Annual Report 2017 -2018 173 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-18 SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

(A) ACCOUNTING POLICIES 1. The Books are maintained under Mercantile System (accrual basis) of accounting as per Ministry’s Letter No.PR-20021/2/98-PG dated 6th November 2002. 2. Income is recognised as and when services are rendered and no significant uncertainty exists regarding the amount of consideration that will be derived from rendering of the service. 3. Fixed Assets are exhibited at historical cost less depreciation. 4. Fixed Assets are excluded from the financial statements on disposal. The write-off value of assets are made, as per the provisions of Section 96 of the Major Port Trusts Act, 1963. 5. Fixed Assets under Construction are categorised as Capital Works in Progress. 6. Physical Verification of all Fixed Assets is carried out once in three years. 7. Payments/Contributions which are not considered as Investments in the form of Equity or Loan shall be amortised over a period of 10 years from the first year in which the contribution is made. 8. Depreciation is provided on Straight Line Method at the rates in accordance with the life of those assets as prescribed vide Notification No.PR-24021/28/98-PG dt.20.8.1998 issued by the Ministry of Surface Transport, Ports Wing, Government of India. As per the new Accounting Policy, the Depreciation is provided in proportion to the utility of the Asset, as per the slab indicated in the Accounting Policy. Wherever Government fixed life norms is not available for any particular asset, the life norm is adopted as prescribed by the concerned operating Departments. 9. Amount spent towards reclamation of land is treated as Capital Expenditure and no depreciation is charged. 10. Acquisition of Land on Long-term lease by paying amount on upfront basis is treated as Lease hold land and included as fixed assets under the category land. Amount spent towards acquisition of lease hold land is written off / amortized over the lease period. 11. Operating leases are considered as revenue in nature and accordingly the receipts and payments are accounted. However, one time non refundable upfront Premium received from lessees are apportioned over the period of lease.

23. Leave Encashment Fund has been constituted for meeting the encashment liability with 28. Stock items include items that were drawn from Main Stores for consumption/works, but not Subsequently, in view of the registration obtained u/s 12AA to Chennai Port Trust vide effect from the Financial Year 2010-11. Necessary contribution is made to build the corpus consumed as on 31st March and lying at work site/sub-stores. The value of these items as DIT(E)’s order dated 16.6.2008 with retrospective effect from 1.4.2002, the Port filed of this Fund based on the actuarial valuation, subject to a minimum contribution to the on 31st March of the year are added back to holding of stock and reduced from consumption statements / returns u/s 11 for FY 2002-03 onwards up to FY 2007-08 and obtained extent of actual expenditure incurred during the previous year. accordingly as these items are physically available. refund of pre-paid taxes for the respective financial years. 24. Exceptional / Non-Recurring revenue expenditure which are considered to provide benefits However, the amendment to sec 2(15) in Finance Act 2008 brought Chennai Port again to the Port over a period of more than one year or which are considered to result in under tax purview. As such the registration to Chennai Port Trust was valid from mitigation of future expenditure or any of the obligations of Port are treated as Deferred 1.4.2002 to 31.3.2008 only. From FY 2008-09 onwards, the Port started paying the Revenue Expenditure and are written off over a period not exceeding 5 years. advance taxes as applicable to non-corporate assessee on the respective due dates as per the provisions of Income Tax Act,1961. 25. Chennai Port Trust follows income approach in respect of revenue grants received by it from the Government of India and accordingly receipt of grants are treated as income to the FY 2007-08: No credit is given for FBT `0.45 Crores with interest u/s 244A from extent of expenditure incurred towards the purposes for which the grant is received and the 01.04.2008. remaining amount is treated as liability. FY 2009-10: Income Tax Department is to pass “giving effect to” order of ITAT passed on 25.11.2016 in ITA No:1143/2016 for grant of necessary refund of `0.28 Crores with 26. (a) (i) Government grant relating to construction/acquisition of fixed assets are interest. recognized in the financial statements when there is reasonable assurance that the Port will comply with the conditions attached to the terms of grant and that FY 2010-11: Income Tax Department is to pass “giving effect to” order for the Order of the grant will be received. CIT(A)-17 and refund of `3.01 Crores with interest with effect from 19.06.2014 being the payment made pursuant to order u/s201(1A). (ii) Government grants related to specific fixed assets are presented in the balance sheet by showing the grant as a deduction from the Gross value of the assets FY 2013-14: Income Tax Department is to refund the difference of TDS `1.71 Crores with concerned in arriving at their book value. Where the grant related to a specific interest. fixed asset equals the whole, or virtually the whole, of the cost of the asset, the FY 2014-15: Refund of `17.42 Crores plus interest to be received after passing asset is shown in the balance sheet at a nominal value. rectification order by income Tax Department.

(b) Specific grants related to Revenue are shown separately under the respective head. FY 2015-16: Return of income filed on 22.09.2016 claiming a refund of `18.26 Crores.

(c) Income earned by ChPT through Duty Credit Scrips (DCS) is recognized on receipt of This refund claim has been processed by the income Tax Department in March 2018 and the DCSs at the values estimated on prudent basis. Subsequent excess realization or the refund is awaited.. short realization on sale /transfer/utilization of the DCSs in comparison to their FY 2016-17: Return of income filed on 30.10.2017 claiming a refund of `26.22 Crores. originally recognized value is treated as revenue income or revenue expenditure and FY 2017-18: Income Tax payable as per the normal provisions is NIL. However, income reported under Finance & Miscellaneous Income or Finance & Miscellaneous tax provision of `7.03 Crores is made for the tax payable by port for the dividend Expenditure. Any reduction in the carrying values of these DCSs on subsequent income of `61 Crores received from Kamarajar Port Limited. balance sheet date(s) and/or on account of expiration of these DCSs are treated as Income Tax provisions are grouped under provision after netting of Advance Tax revenue expenditure and reported under F&M Expenditure. payments. 27. Earnest Money Deposit (EMD), Security Deposit (SD) and Miscellaneous Deposit lying 25. Chennai Port Trust had carried out a Physical verification of its Fixed Assets during FY unclaimed for more than 3 years under the Deposit code are treated as Lapsed Deposits and 2016-17 and accordingly reconciliation is under process in consultation with Asset taken to the Finance & Miscellaneous Income. Refund of such deposits, upon receipt of claim Custodian Departments. The financial effects will be suitably accounted to give effect to at a later-date, is treated as revenue expenditure and reported under Finance and the material discrepancies, if any, observed, during the FY 2018-19. Miscellaneous Expenditure.

Annual Report 2017 -2018 174 26. As per Board Resolution vide No. 90 dt. 28/8/2014 and subsequent Board’s Resolution No:86 dated 30.1.2018, action has been initiated for the onetime settlement of in respect of Employees of Seashore Canteen and Chennai DLB Women’s Welfare Association. Some of the Workers have filed Writ Petition and the payment will be settled as per their eligibility only after they withdraw the WP from the court and submit the consent letter with Affidavit. With regard to died workers, the payment will be made on receipt of claim letter & affidavit from their legal heirs.

27. Contingent Liabilities:

i. Contingent Liabilities as on 31.03.2018 is disclosed below :

Description ` in Crs

Claims against the Port by 14 Firms not 42.72 acknowledged as debts.

ii. ChPT has made a payment of `5,33,41,637/- on 02.05.2017 to M/s. Afcons Infrastructure Ltd against their BG for a sum of `5.90 crores. in respect of “Contract for modernization of West Quay and North Quay Berths” carried out as per Agreements dated 9.4.2007 and 02.09.2012. This amount has been transferred to an ESCROW Account as per the decision of NITI Aayog / CCEA. The firm has renewed the BG for `6.53 Crores. The amount paid has been accounted as Advance paid.

iii. Litigated demand of Service tax of `35.40 Crores (net of pre-deposit of `2Crores) for the period from 01.07.2003 to 31.01.2004 from Southern Railway towards Terminal Handling Charges(THC) is challenged by the Port in the Apex Court.

iv. ESIC Authorities have claimed ESI Contribution of `3,51,43,550 from Chennai Port Trust on behalf of Contractors vide No:TN/RECY/CP-1/51-103463/CCR-70255 dt.24.04.2015. An appeal was filed against 45A Order dt.20.1.15 and as directed by the Hon’ble judge of ESI Court dt.7.5.15, ChPT has deposited 10% of the claim amount of i.e. `35,14,355/- by demand draft and obtained Conditional Stay. The above Case is pending in Hon’ble Labour Court/ESI Court.

v. On receipt of clarification from the Ministry, compensation of `4.74Crores is liable to be paid by ChPT to 71 dependents in respect of one time lumpsum compensation package in lieu of compassionate appointment to the dependents of the deceased employees.

vi. Claim in respect of amount recovered (through BG) from M/s. CCTPL for non-achievement of NTT `63.86Crores.

Annual Report 2017 -2018 175 vii. Capital contracts awarded but not completed during the FY 2017-18:-

Description ` in Crs Capital Works 73.14

28. As per MoS Lr.No.CD-11053/5/2014-Coord dated 29.10.2014 enclosing O.M.No.15(13)/2013-DPE(GM) dated 21.10.2014 received from Directorate of Public Enterprises on Corporate Social Responsibility stipulates that it is mandatory for all CPSEs which meet the criteria as laid down in section 135(1) of the Companies Act, 2013 to spend at least 2% of the average net profits of the three immediately preceding financial years. Further, as per the definition given in Rule 2(f) of the CSR Rules notified by the Ministry of Corporate Affairs on 27.2.2017, “Net profit means the net profit of a company but shall not include any dividend received from other companies in India, which are covered under and complying with the provisions of Section 135 of the Act. ChPT has been receiving dividend every year from M/s. KPL, which is covered under the provisions of Section 135 of the Companies Act, 2013. The net profit of the ChPT for the preceding 3 financial years, excluding the dividend received from M/s. KPL are given below: ( ` in Crs ) Year Net Profit as per Dividend from Net Profit after Accounts KPL as per excluding dividend Accounts from KPL 2014-15 23.09 32.00 (8.91) 2015-16 42.21 47.00 (4.79) 2016-17 12.59 20.00 (7.41) Average (7.04)

As the average net profit of three immediately preceding financial years, calculated as per CSR Rules/Guidelines is negative and hence no contribution is made in the Annual Accounts towards CSR for the year 2017-18.

Annual Report 2017 -2018 176 29. Statistical Data :- i. Traffic Performance

Particulars Unit of 2017-18 2016-17 Measurement Vessel entered Nos Coastal 334 296 Foreign 1266 1304 Total 1600 1600 Vessel Size Lakh GRT Coastal 45.72 40.12 Foreign 398.61 400.84 Total 444.33 440.96 Cargo incl. Containers MMT Import 34.18 33.33 Export 17.70 16.88 Total 51.88 50.21 Containarized cargo MMT 29.90 28.85 Containers TEUs I CT (CCTPL) 646482 646319 II CT (CITPL) 901584 847292 Inner Harbour 1391 1220 Total 1549457 1494831 Cars handled Nos 120565 147644

ii. Staff Strength as per Pay Roll:

Category As on As on 31.03.2018 31.03.2017 Class I 132 150 Class II 116 124 Class III 2551 2685 Class IV 1540 1639 Total 4339 4598

iii. Pensioners Strength

Category As on As on 31.03.2018 31.03.2017 Pensioners 7914 8024 Family Pensioners 6864 6790 Ex-gratia Pensioners 598 640 Total 15376 15454

Annual Report 2017 -2018 177 iv. Actuarial Valuation is done by LIC on Pension Liability for existing employees and existing Pensioners and Gratuity liability for existing employees as on 31.03.2018, Actual Corpus available including Accrued Interest of the year and shortfall are furnished below: Actuarial (Shortfall)/ Fund Actual Corpus Valuation Excess Pension 4948.41 3156.55 (1791.86) Gratuity 229.48 324.73 95.25 Leave Encashment 97.13 56.28 (40.85) Total 5275.02 3537.56 (1737.46)

As approved by Board vide BR No.263 dated 22.01.2016, a sum of `215.58 Crores has been withdrawn from General Reserve Fund and transferred to Pension fund and Gratuity Fund with LIC over and above the statutory Contribution. In future, further transfers will be made to Pension Fund and Gratuity Fund subject to availability of Funds in the Port to bridge the gap of shortfall in pension liability. 30. M/s J Singh& Associates, Chartered Accountant, Chennai – 4 are the Internal Auditors of Chennai Port to conduct Internal Audit for the FY 2016-17 and was further extended the tenure for one more year i.e. for the FY 2017-18 vide letter No: Compilation / Internal Auditor / 2016-17 / F dt.30.11.2017. 31. As per Board Resolution vide No.209 dt.27.11.2015, Ministry’s approval was sought for Condemnation and Disposal of existing Coal Conveyor System along with Bubble Structure with all accessories, having a net book value of `33,40,93,221/-. Depreciation for the year has not been provided. 32. Consequent to formation of the Chennai Port Pension Fund Trust and Chennai Port Gratuity Fund Trust as separate entities, the Financial Statements of these Trusts are excluded from the Financial Statements of Chennai Port Trust and presented separately from the year 2014-15 onwards. 33. Pension Fund Regulatory and Development Authority (PFRDA) have appointed Axis Bank Ltd as Trustee Bank for collection of Port employees’ National Pension Scheme (NPS) and accordingly its Assets and Liabilities are excluded from the Financial Statements from FY 2016-17 onwards. 34. Previous year’s figures have been regrouped wherever necessary to conform to Current Year’s classification.

sd/- sd/- C S Vemanna Cyril C George 14.05.2018 14.05.2018 Financial Adviser & Chief Accounts officer Chairman i/c Chennai Port Trust Chennai Port Trust

Annual Report 2017 -2018 178 CHENNAI PORT TRUST ANNUAL ACCOUNTS 2017-2018

AUDIT REPORT & ACTION TAKEN NOTES

No. PDCA/ RAP/ChPT/A/cs 4-6/2018-19/10 Dated: 11.9.2018

To The Secretary, Ministry of Shipping, Transport Bhawan, No.1 Parliament Street, New Delhi 110 001.

Sir,

Sub: Separate Audit Report on the accounts of Chennai Port Trust for the year 2017-18 – Regarding. --- I forward herewith the Separate Audit Report on the accounts of Chennai Port Trust for the year 2017-18.

A copy of the Audit Report and the Accounts as presented to Parliament may be sent to this office and four copies thereof may be sent to the Principal Director (Commercial)-I, O/o the Comptroller and Auditor General of India, Pocket 9, Deen Dayal Upadhyaya Marg, New Delhi 110 124. The dates of presentation of the Accounts and Audit Report to Parliament may kindly be intimated to this office.

The receipt of this letter with enclosures may be acknowledged.

Yours faithfully,

Sd/- (R. AMBALAVANAN) PRINCIPAL DIRECTOR OF COMMERCIAL AUDIT & EX-OFFICIO MEMBER AUDIT BOARD, CHENNAI.

Annual Report 2017 -2018 181 No. PDCA/ RAP/ChPT/A/cs 4-6/2018-19/11 Dated: 11.9.2018

Copy of the Separate Audit Report and Audit Certificate for the year 2017-18 along with the Management Letter forwarded to The Chairman, Chennai Port Trust for placing the same before the Board. Five copies of Hindi version of the Accounts, Audit Report and Audit Certificate may be arranged to be sent.

Sd/- (R. AMBALAVANAN) PRINCIPAL DIRECTOR OF COMMERCIAL AUDIT & EX-OFFICIO MEMBER AUDIT BOARD, CHENNAI

Annual Report 2017 -2018 182 SEPARATE AUDIT REPORT OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA ON THE ACCOUNTS OF CHENNAI PORT TRUST FOR THE YEAR ENDED 31 MARCH 2018

We have audited the attached Balance Sheet of Chennai Port Trust as at 31 March 2018 and the Profit and Loss Account for the year ended on that date under Section 19(2) of the Comptroller & Auditor General's (Duties, Powers & Conditions of Service) Act, 1971 read with Section 102 of the Major Port Trusts Act, 1963. The financial statements are the responsibility of the Chennai Port Trust'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 & 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 & 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 mis-statements. 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 wel1 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 were necessary for the purpose of our audit, other than the basic records of Chennai International Terminal Private Limited (CITPL) and Chennai Container Terminal Private Limited (CCTPL) and Global Port Solutions Private Limited (GPSPL) in order to certify the total revenue of CITPL, CCTPL and GPSPL, and corresponding share of revenue received by Chennai Port Trust as per Concession Agreement with CITPL, CCTPL and GPSPL (ii) The Balance Sheet and Profit and Loss Account dealt with by this report have been drawn up in the format approved by the CAG under Section 102 of the Major Port Trust Act, 1963; (iii) In our opinion, proper books of accounts and relevant records have been maintained by the Chennai Port Trust as required under Section 102 of the Major Port Trust Act, 1963, in so far as it appears from our examination of such books.

Annual Report 2017 -2018 183 (iv) We further report that: A BALANCE SHEET

I APPLICATION OF FUNDS 1. Fixed/Capital Assets (Schedule VI)

1.1 Capital Work in Progress: `173.45 crore

This includes `24.07 crore relating to works (Appendix-I) in which there is no activity for the periods ranging from 11/2 to 5 years. The Port has not analyzed the expenditure and not capitalized the same under the respective items of works. Thus, the Capital Work in Progress was overstated and Fixed assets were understated by `24.07 crore.

The Port should take necessary action to capitalise the items included in Capital Work-in-Progress after analysing the progress of each item of work.

2. Current Assets, Loans and Advances

2.1 Inventories: `12.47 crore

This includes stock value of `6.06 crore and `1.43 crore which were lying for more than five years and 10 years respectively in the stores. The Ports Accounting Policy is silent on the treatment of non-moving items. This fact has not been disclosed in Notes.

The Port should frame a suitable accounting policy in respect of non-moving inventory.

2.2 Sundry Debtors: `289.03 crore (Schedule IX)

An amount of `9.22 crore was due from M/s Shipping Corporation of India (SCI) for the Passenger Vessel, M.V. Akbar which occupied the berth on 01.07.2014 and was still lying (June 2018) in Chennai Port, towards hire charges, pilotage charges and other port dues. Out of this amount, the Port accounted the amount of `3.60 crore received from M/s SCI under Deposit/Advance Accounts and did not recognize the balance of `5.62 crore to be received from M/s SCI under the head Current Assets. This resulted in overstatement of Current Liabilities by `3.60 crore, understatement of Sundry Debtors by `5.62 crore and understatement of Income and Profit by `9.22 crore.

The Port should recognise the amount received/receivable from M/s Shipping Corporation of India as its Income and should recognise the receivables portion under the head Current Assets.

Annual Report 2017 -2018 184 3. Current Liabilities and Provisions: `787.39 crore (Schedule XII)

3.1 The above does not include `2.59 crore being the value of dry dock repairs to the dredger Cauvery, which was completed during 2013, payable to Cochin Shipyard Ltd. This has resulted in understatement of Current Liabilities and Provisions and overstatement of profit by `2.59 crore.

As the work of dry dock repairs to the dredger Cauvery has been done by Cochin Shipyard Limited, the liability thereof amounting to `2.59 crore should be recognised by the Port.

3.2 As per Actuarial valuation done by LIC for Pension, Gratuity and Leave Encashment for existing employees and existing Pensioners as on 31 March 2018, the liabilities worked out to `5275.02 crore. The Port had provided for an amount of `3537.56 crore towards Pension, Gratuity and Leave Encashment Fund. This has resulted in understatement of Current Liabilities and Provisions, and Expenditure by `1737.46 crore. Consequently, the Profit is overstated to the same extent.

This issue was brought to the notice of the Port for corrective action through Separate Audit Report for the year 2016-17, 2015-16 and 2014-15 also. However, no corrective action has been taken by the Port.

3.3 Government of India notified the Payment of Gratuity (Amendment) Act, 2018 on 29.03.2018 and increased the ceiling of gratuity amount payable to employees from `10 lakh to `20 lakh. The provision for liability towards Gratuity as per increased ceiling of `20 lakh should have been made in the accounts. However, the Port has neither provided for the same in the accounts for the year 2017-18 nor disclosed in the Notes on Accounts.

The Port should ascertain the quantum of additional liability arising due to enhanced ceiling of gratuity and make suitable provision thereof in the accounts.

3.4 The above head does not include `72.13 lakh being the payment to be made to M/s. Engineering Projects India Limited (EPIL) relating to the project of construction of Rubble Mound Revetment 850M long at East of East Quay in Chennai Port as a result of Arbitration award dated 09.01.2018 which was received by the Port on 12.01.2018. This resulted in understatement of Current Liabilities and Provisions by `0.72 crore and overstatement of Profit to the same extent.

The Port should recognise the liability of `72.13 lakh towards EPIL for the construction work.

Annual Report 2017 -2018 185 3.5 The above head does not include `86.53 lakh (inclusive of GST of `13.20 lakh) being the reimbursement amount to Indian Ports Association as sharing cost of engaging M/s. Mckinsey & Company, who was appointed as management consultant for global best practices benchmarking and support in implementation across major ports. This resulted in understatement of Current Liabilities and Provisions, and Expenditure by `0.86 crore. Consequently, the Profit is overstated to the same extent.

In view of the communication received (December 2017) from the Indian Ports Association to reimburse the share for engaging M/s Mckinsey, the Port should recognise the liability of `86.53 lakh towards its share.

B. PROFIT AND LOSS ACCOUNT

1. Amount Transferred to Pension and Gratuity Fund: `215.58 crore

During the year 2017-18, an amount of `215.58 crore was transferred to the Pension fund (`208.08 crore) and Gratuity Fund (`7.50 crore). This amount was not charged to Profit and Loss Account but was booked below the line which has resulted in overstatement of Profit by `215.58 crore.

Similar comment was issued in the Separate Audit Report for the year 2016-17. However, no corrective action has been taken by the Port.

C. NOTES ON ACCOUNTS

1. A reference is invited to item No.23 of Notes on accounts, wherein it has been stated that ‘Confirmation of Debtor balances is not envisaged’. This is not a prudent commercial practice and needs to be revisited and revised.

This comment was also issued in the Separate Audit Report for the year 2016-17. However, no corrective action has been taken by the Port.

2. The unadjusted sale proceeds of unclaimed goods and surplus materials (Schedule XII) included goods valuing `9.01 crore which could not be lifted due to a pending CBI case. This fact has not been disclosed in the Notes on Accounts.

As this is a significant fact, it should be disclosed by the Port in the Notes on Accounts.

D. EFFECT OF AUDIT

The net impact of the above comments was that Assets are understated by `5.62 crore, Liabilities are understated by `1738.03 crore and Profit is overstated by `1732.41 crore.

Annual Report 2017 -2018 186 E. MANAGEMENT LETTER

Deficiencies which have not been included in Audit Report are brought to the notice of the Chairman, Chennai Port Trust, through a Management letter to be issued separately for remedial/corrective action.

F. GRANTS IN AID

Opening Balance of Grants-in aid was `1.83 crore. During the year 2017-18, the Port received `52.44 crore as Grant-in-aid. A sum of `27.64 crore was utilized during the year. A sum of `26.63 crore was lying unutilized as on 31 March 2018.

(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 on 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 the Balance Sheet, of the state of affairs of the Chennai Port Trust as at 31 March 2018; and

b. In so far as it relates to Profit and Loss Account, of the profit for the year ended on that date.

(vii) A review of Accounts showing the summarized financial results of the Chennai Port Trust for the last three years is given in Annexure II.

For and on behalf of the C&AG of India

sd/- (R. AMBALAVANAN) PRINCIPAL DIRECTOR OF COMMERCIAL AUDIT & EX-OFFICIO MEMBER AUDIT BOARD, CHENNAI.

Place: Chennai Date: 11.09.2018

Annual Report 2017 -2018 187 ANNEXURE – I

1. Adequacy of Internal Audit System

Internal Audit has been entrusted to M/s. J. Singh & Associates, Chennai, Chartered Accountant firm. Internal Audit of the transactions of the General Administration Department for the year 2017-18 was completed. In respect of Finance, Marine, Medical, Civil Engineering, Mechanical and Electrical Engineering and Traffic Departments, internal audit was yet to be completed.

2. Adequacy of Internal Control System

Internal Controls with respect to the system of capitalization of assets need to be strengthened as commissioned and inactive projects were reflected in Capital Work in Progress.

3. System of Physical verification of Fixed Assets

Physical Verification of Fixed Assets was done for the year 2017-18. It was noticed that the condemned/not traceable/disposed items were included in the fixed assets and not given effect to in the accounts.

4. System of Physical verification of Inventory

The Port had conducted Physical Verification of Inventory for the year 2017-18. There was no system of age-wise analysis of inventory. There was no specific mention about non-moving and slow moving inventory in the accounting policy of the Port.

5. Regularity in payment of Statutory Dues

Chennai Port Trust is regular in depositing undisputed statutory dues.

sd/- DIRECTOR/CA.

Annual Report 2017 -2018 188 ANNEXURE - II

REVIEW OF ACCOUNTS OF CHENNAI PORT TRUST FOR THE YEAR ENDED 31ST MARCH 2018 BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA

Note: This review of Accounts has been prepared without taking into account the audit observations/comments contained in the audit report of the Comptroller and Auditor General of India. The summarized financial / physical performance of Chennai Port Trust, under broad headings, for the last three years ended 31 March 2018 is as follows:

A. Liabilities 2015-16 2016-17 2017-18 i. Capital Reserves 1199.12 1240.87 1260.11 ii Other Reserves (@) 1370.42 1011.77 821.33 iii Capital Debts – 0.00 0.00 0.00 a. Loan from Government 0.08 0.00 0.00 b. Institutional Loans 0.00 0.00 0.00 iv Current Liabilities & Provisions 418.25 530.08 592.95 v Other Liabilities 289.99 244.00 271.28 Total: 3277.86 3026.72 2945.67 (@ Other reserves (General Reserve) include surplus of `-28.41 crore, `-102.92 crore and `-25.50 crore for the years 2015-16, 2016-17 and 2017-18 respectively).

B. Assets 2015-16 2016-17 2017-18 i. Fixed Assets (Gross Block) 1047.13 1107.02 1086.66 Less Depreciation 467.37 486.05 513.35 Net Fixed Assets 579.76 620.97 573.31

ii Work-in-progress 152.07 133.85 173.45 iii Investments 283.94 277.00 277.00 iv Current Assets 1949.45 1641.76 1630.26 v Inter-corporate Loans 253.14 230.12 207.11 vi Miscellaneous expenditure 59.50 123.02 84.54 not written off Total: 3277.86 3026.72 2945.67

Particulars 2015-16 2016-17 2017-18 C. Working Capital* 1029.16 698.59 622.52 D. Net Worth** 2569.54 2252.64 2081.44 E. Capital Employed*** 1608.92 1319.56 1195.84 F. Return on Capital Employed 2.62 0.95 3.37 (percentage)**** Note: * Working Capital represents Current Assets (excluding accrued interest and cash balance) - minus – (Current Liabilities (excluding earmarked funds)). ** Net Worth represents Capital Reserves and other Reserves plus Surplus. *** Capital Employed represents Net Fixed Assets plus Working Capital. **** Rate of Return represents Percentage of Net Surplus (before appropriations) to Capital Employed.

Annual Report 2017 -2018 189 Summary of working results The working results of the Chennai Port Trust for the last three years ended 31 March 2018 are summarized below:

A. Revenue 2015-16 2016-17 2017-18 Operating Income 758.71 775.43 764.37 Non-operating Income 225.01 176.73 188.23 Total: 983.72 952.16 952.60 B. Expenditure Operating Expenditure 562.20 558.23 534.45 Non-operating Expenditure 379.31 381.34 377.86 Total: 941.51 939.57 912.31 C. Net Surplus 42.21 12.59 40.29 Add amount withdrawn and 0.00 0.00 0.00 transferred to General Reserve/income tax refund received Less: Provision for Taxation 0.00 0.00 7.03 Net Surplus before appropriations: 42.21 12.59 33.26 D. Less Mandatory appropriations / 70.62 115.51 58.76 transfers to Reserve funds etc. E. Surplus transferred to General -28.41 -102.92 -25.50 Reserve Fund F. Percentage of Net Surplus to: i. Operating income 5.56 1.62 4.35 ii. Net Fixed Assets 7.28 2.03 5.80 iii. Net Worth 1.64 0.56 1.60 Ratio analysis (liquidity and solvency)

The ratio of Current Assets to Current Liabilities was 4.66, 2.33 and 2.06 during the years 2015-16, 2016-17 and 2017-18 respectively.

The ratio of Quick Assets to Current Liabilities was 3.42, 2.09 and 1.84 during the years 2015-16, 2016- 17 and 2017-18 respectively. (Current Liabilities exclude earmarked funds)

The ratio of Sundry Debtors to Operating Income was 0.49, 0.37 and 0.38 during the years 2015-16, 2016-17 and 2017-18 respectively.

Percentage of Capital Debt to Capital & General Reserves was 0.00, 0.00 and 0.00 during the years 2015-16, 2016-17 and 2017-18 respectively.

sd/- DIRECTOR/CA

Annual Report 2017 -2018 190 Appendix-I Referred to in Comment No. A. I. - 1.1

Closing S.No Description of the work Balance (` in Lakhs) 1. Construction of Toilets for (1) Traffic officers/staff 0.55

2. Providing concrete road at goose neck level crossing and 12.10 gate no.1 Construction of storm water drain cum cable chase in 8.20 3. western side of south quay II road and drain at North side of complex. 4. Port Automation system 104.45 5. Wireless connectivity for data transfer 1.50 6. Sup. Ins. And comng, of 1 Nosun spare 1.00 7. Construction of Groyne Fields south of sand screen 30.96 8. Development of dry dock facility of Timber Pond 36.88 9. Construction of eastern side wall of boat basin 23.46 10. Development of Dry dock facility at Timber Pond 7.94

11. Modernisation of Fire Fighting Facilities at BDI and BDIII 45.10 oil dock 12. 17 nos 1.5 ton & 38 Nos 2 ton A/C 12.51 13. Installation of 5 Nos centralized RO plant 24.43 14. Replacement of RMG at ‘E’ Sub-station 12.80 15. Installation of 6 Nos electrically Operated Lifting 6.08 16. Laying of Optical Fibre cable by Rail Tel 223.60 17. Construction of Approach Road 21.28 Development of Marine Highway along East Coast 31.77 18. connecting Chennai and Ennore ports. 19. Modernization of Chennai Port Trust 1510.77 20. Improvement Environmental conditions inside the harbour 291.33 Total 2406.71

sd/- RESIDENT SENIOR AUDIT OFFICER /CHPT

Annual Report 2017 -2018 191 No. PDCA/ RAP/ChPT/A/cs 4-6/2018-19/13 Dated: 11.9.2018

To The Chairman, Chennai Port Trust, 1, Rajaji Salai, Chennai 600 001.

Sir,

Subject: Separate Audit Report of Chennai Port Trust for the year 2017-18

I have audited the annual accounts of Chennai Port Trust for the year 2017-18 and have issued the Audit Report vide letter dated 11.09.2018. During audit, following defects/ deficiencies which were noticed but not included in the above audit report are brought to your notice for corrective action.

(1) Errors noticed in the books of Accounts Discrepancies were noticed between Books of Accounts and Notes on Accounts in respect of the following heads: i) Receivables - IT Refund due for FY 2002-03 ii) IT Refund due for FY 2013-14 iii) IT Refund due for FY 2009-10 iv) IT Refund due for FY 2015-16 v) IT Refund due for FY 2016-17

(2) Grants-in-aid – Schedule V - `76.83 crore

The presentation of Schedule relating to Grants-in-aid needs modification to depict (a) grants received for all the projects during the year irrespective of whether the project was completed during the year or was under progress; and (b) opening balance of grants-in-aid.

(3) Fixed/Capital Assets – Schedule VI – Net Block – `573.31 crore

This includes `1.71 lakh being the value of assets which were condemned/ not traceable/disposed off and identified on physical verification of Fixed Assets. This had resulted in overstatement of Fixed Assets and depreciation to an extent of `1.71 lakh.

(4) Land – (b) Lease Hold Land -`100.91 crore – Depreciation `6.12 crore

The Port had paid `100.91 crore towards acquisition of lease hold land for 125.17 acre at Sriperumbudur from SIPCOT on 99 years lease during 2012, out of which, an amount of `6.12 crore was written off/amortized upto 2017-18. The amortization amount should have been shown distinctly in the Fixed Assets schedule, and not clubbed with depreciation. This had resulted in overstatement of depreciation and understatement of Finance & Miscellaneous expenditure by `6.12 crore.

Annual Report 2017 -2018 192 (5) Sundry Debtors- Schedule IX- `289.03 crore

This includes `76.26 lakh pertaining to recovery towards electricity charges from contractors/firms. This has resulted in over statement of sundry debtors and over statement of income to an extent of `76.26 lakhs.

This issue was already brought to the notice of Port for corrective action through Management letter on the Accounts of Chennai Port Trust for the year 2016-17 but no correction action has been taken.

(6) Notes on Accounts

(a) A reference is invited to item no.3 of Notes on Accounts wherein the Port is liable to pay Service Tax together with applicable interest and penalty for its receipts of Terminal Handling Charges amounting to `38.28 crore from Southern Railway during the period from 1.7.2003 to 26.8.2007. The Port had not disclosed the amount of interest (`16.80 crore) and penalty (`13.82 crore) distinctly included in the dues.

(b) A reference is invited to Note No. 18 of Notes on Accounts wherein the contribution of `52.52 crore made to the Four Lane Link Road Project from Port to Maduravoyal has been stated as deferred revenue expenditure. As this amount is in the nature of capital expenditure, suitable modification may be carried out in the Note to depict correct disclosure.

(c) A reference is invited to item No.20 of Notes on accounts, wherein it was stated the payment of `100.13 crore made towards lease rent for 125.17 acres includes plot charges, development charges and initial deposit. However, as per lease deed dated 27 June 2012 (clause no.2) executed with SIPCOT, the payment was treated as lease charges and lease rent only. In view of this, the note needs correction.

(7) Deficiencies pointed out in earlier years

A reference is also invited to comment No. A.I-3.2, B-1 and C-1 of the Separate Audit Report for the year 2017-18. The issues pointed out in these comments were also communicated in the Separate Audit Reports of earlier year(s), but no corrective action has been taken by the Port.

The corrective action taken may be communicated to Audit, at the earliest

Receipt of this letter may kindly be acknowledged.

Yours faithfully,

sd/- (R. AMBALAVANAN) PRINCIPAL DIRECTOR OF COMMERCIAL AUDIT & EX-OFFICIO MEMBER AUDIT BOARD, CHENNAI.

Annual Report 2017 -2018 193 Annual Report 2017 -2018 194 Annual Report 2017 -2018 195 This issue was brought to the notice of the Port for corrective action through Separate Audit Report for the year 2016-17, 2015-16 and 2014-15 also. However, no corrective action has been taken by the Port

Annual Report 2017 -2018 196 Annual Report 2017 -2018 197 Similar comment was issued in the Separte Audit Report for the year 2016-17. However, no corrective action has been taken by the Port.

Annual Report 2017 -2018 198 This comment was also issued in the Separate Audit Report for the year 2016-17. However, no Corrective action has been taken by the port.

Annual Report 2017 -2018 199 Annual Report 2017 -2018 200 ANNEXURE – I Observation Remarks 1. Adequacy of Internal Audit System Factual – no comments. Internal Audit has been entrusted to M/s. J.Singh & Associates, Chennai, Chartered Accountant firm. Internal Audit of the transactions of the General Administration Department for the year 2017-18 was completed. In respect of Finance, Marine, Medical, Civil Engineering, Mechanical and Electrical Engineering and Traffic Departments, internal audit is yet to be completed

2. Adequacy of Internal Control System Action has already been initiated to analyze the Internal Control with respect to the system of capitalization of assets needs to be strengthened as commissioned and inactive progress of individual Project grouped under CWIP projects were reflected in Capital Work in Progress. and necessary accounting entries will be passed in the FY 2018-19. Necessary System to review and consequent capitalization of assets or writing it of it as Revenue Expenditure will be implemented at the end of every year starting from the FY 2018-19. Suitable Accounting entries to give effect to the 3. System of Physical verification of Fixed Assets material discrepancies if any, will be passed in FY Physical Verification of Fixed Assets was done for the year 2018-19 with respect to Physical verification of 2017-18. It was noticed that the condemned/not Fixed assets carried out in FY 2016-17. This has traceable/disposed items were included in the fixed assets and been disclosed in the Notes on Accounts. not given effect to in the accounts.

4. System of Physical verification of Inventory The CHPT is reviewing the non-moving/slow moving The Port had conducted Physical Verification of Inventory for items periodically and taking action for disposal of the year 2017-18.There was no system of age-wise analysis of the items based on requirement. However ChPT inventory. There was no specific mention about non-moving will frame suitable Accounting Policy on Accounting and slow moving inventory in the Accounting Policy of the treatment for non-moving items in the FY 2018-19. Port. 5. Regularity in payment of Statutory dues : Factual – no comments. Chennai Port Trust is regular in depositing undisputed statutory dues.

Annual Report 2017 -2018 201 ANNEXURE - II REVIEW OF ACCOUNTS OF CHENNAI PORT TRUST FOR THE YEAR ENDED 31ST MARCH 2018 BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA Note: This review of Accounts has been prepared without taking into account the audit observations/comments contained in the audit report of the Comptroller and Auditor General of India. The summarized financial / physical performance of Chennai Port Trust, under broad headings, for the last three years ended 31 March 2018 is as follows: (`in crore) A. Liabilities 2015-16 2016-17 2017-18 Remarks i. Capital Reserves 1199.12 1240.87 1260.11 ii Other Reserves (@) 1370.42 1011.77 821.33 iii Capital Debts – 0.00 0.00 0.00 a. Loan from Government 0.08 0.00 0.00 Factual – no b. Institutional Loans 0.00 0.00 0.00 comments iv Current Liabilities & Provisions 418.25 530.08 592.95 v Other Liabilities 289.99 244.00 271.28

Total: 3277.86 3026.72 2945.67

(@)Other reserves (General Reserve) include surplus of `.-28.41 crore, `-102.92 crore and `-25.50 for the years 2015-16, 2016-17 and 2017-18 respectively.

(`in crore)

B. Assets 2015-16 2016-17 2017-18 Remarks i. Fixed Assets (Gross Block) 1047.13 1107.02 1086.66 Less Depreciation 467.37 486.05 513.35 Net Fixed Assets 579.76 620.97 573.31 Factual – no comments ii Work-in-progress 152.07 133.85 173.45 iii Investments 283.94 277.00 277.00 iv Current Assets 1949.45 1641.76 1630.26 v Inter-corporate Loans 253.14 230.12 207.11 vi Miscellaneous expenditure 59.50 123.02 84.54 not written off Total: 3277.86 3026.72 2945.67

Annual Report 2017 -2018 202 (`in crore) 2015-16 2016-17 2017-18 Remarks C. Working Capital* *1029.16 698.59 622.52 Working Capital for the year 2015-16 is `1129.35 Crs. D. Net Worth** 2569.54 2252.64 2081.44 E. Capital Employed*** 1608.92 1319.56 1195.84 Consequent to this, capital employed for the year 2015-16 becomes `1709.11 Crs. F. Return on Capital Employed 2.62 0.95 3.37 Return on Capital (percentage)**** employed for the year 2015-16 becomes 2.47

Note: * Working Capital represents Current Assets (excluding accrued interest and cash balance) - minus – (Current Liabilities (excluding earmarked funds)). ** Net Worth represents Capital Reserves and other Reserves plus Surplus. *** Capital Employed represents Net Fixed Assets plus Working Capital. **** Rate of Return represents Percentage of Net Surplus (before appropriations) to Capital Employed.

Sd/- Chairman

Annual Report 2017 -2018 203 1. Summary of working results The working results of the Chennai Port Trust for the last three years ended 31 March 2018 are summarized below (`in crore)

A. Revenue 2015-16 2016-17 2017-18 Remarks Operating Income 758.71 775.43 764.37 Non-operating Income 225.01 176.73 188.23 Total: 983.72 952.16 952.60 B. Expenditure Operating Expenditure 562.20 558.23 534.45 Non-operating Expenditure 379.31 381.34 377.86 Provision for Tax 0.00 0 0 Total: 941.51 939.57 912.31 C. Net Surplus 42.21 12.59 40.29 Add amount withdrawn and 0.00 0.00 0.00 Factual – transferred to General no Reserve/income tax refund comments received Provision for taxation 0.00 0.00 7.03 Net Surplus before appropriations: 42.21 12.59 33.26 D. Less Mandatory appropriations / 70.62 115.51 58.76 transfers to Reserve funds etc. E. Surplus transferred to General -28.41 -102.92 -25.50 Reserve Fund F. Percentage of Net Surplus to: i. Operating income 5.56 1.62 4.35 ii. Net Fixed Assets 7.28 2.03 5.80 iii. Net Worth 1.64 0.56 1.60

Annual Report 2017 -2018 204 Ratio analysis (liquidity and solvency)

Ratio Analysis Remarks

The ratio of Current Assets to Current Liabilities was Ratio of current assets to current liability was 4.66, 2.33 and 2.06 during the years 2015-16, 2016-17 3.69 during the year 2015-16. and 2017-18 respectively.

The ratio of Quick Assets to Current Liabilities was The ratio of Quick Assets to Current liabilities 3.42, 2.09 and 1.84 during the years 2015-16, 2016-17 3.35 for the year 2015-16 and 2017-18 respectively. (Current Liabilities exclude earmarked funds)

The ratio of Sundry Debtors to Operating Income was The ratio of Sundry Debtors 0.46 for the year 0.49, 0.37 and 0.38 during the years 2015-16, 2016-17 2015-16. and 2017-18 respectively.

Percentage of Capital Debt to Capital & General Factual – no comments. Reserves was 0.00, 0.00 and 0.00 during the years 2015-16, 2016-17 and 2017-18 respectively.

Sd/- Chairman

Annual Report 2017 -2018 205 Annual Report 2017 -2018 206 Annual Report 2017 -2018 207 Annual Report 2017 -2018 208