Financial
 
   
 

        During the year 2003-2004, the Company constructed 3007 nos. of houses with a capital outlay of Rs.83.94 crores as against 3186 houses completed with a capital outlay of Rs.82.91 crores during 2002-2003. Taking into account the spill over items of construction upto 2002-2003 and the project sanctioned in 2002-2003, a total number of 3054 houses nearing completion.

        The Company had earned a profit of Rs.86.67 Lakhs after charging interest and taxes despite the Government reducing the centage charges from 12.5% to 7.5% and after allocating Rs.1.52 Lakhs out of the internally generated resources of the Company for attending to the special repairs to the quarters / buildings of the Police Department.
 
  BALANCE SHEET (ABRIDGED) AS ON 31st MARCH 2004
(Rupees in Thousands)

    
 
  LIABILITY 31-3-2004     ASSETS 31-3-2004  
  Capital 10,000     Cash and Bank
  Balance		 13,58,489  
  Reserves & Surplus 45,871     Sundry Debtors 23,44,198  
  Borrowings 23,69,425     Other Current Assets 2,55,482  
  Other Liabilities
  and Provisions		 15,96,943     Loans and Advances 34,689  
      Fixed Assets 29,381  
  Total 40,22,239     Total 40,22,239  
 
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2004
(Rupees in Thousands)

    
 
  EXPENDITURE 31-3-2004     INCOME 31-3-2004  
  Operating Expenses 74,461     Centage 62,962  
  Interest and
  Commitment
  charges		 7,206     Interest Earned 23,147  
  Others 64,515     Other Income 68,740  
  Net profit for the
  year		 8,667      
  Total 1,54,849     Total 1,54,849  
 
 
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