Page 39 - Cgtmse

OVERVIEW FINANCIAL STATEMENTS

Credit Guarantee Fund Trust for Micro and Small Enterprises
Income and Expenditure Account

for the year ended March 31, 2023

Amount (`)
For the year ended For the year ended
Particulars Schedules
March 31, 2023 March 31, 2022
INCOME
Interest on Fixed Deposits 7,94,91,14,589 6,24,16,42,252
Income from Mutual Funds 12,08,00,467 5,26,67,893
Guarantee Fees 9,64,04,66,273 5,45,51,06,838
Annual Guarantee/Service Fees 11,75,89,00,230 10,14,41,35,026
Miscellaneous Income 1,95,04,421 2,84,57,296
Recoveries by MLI's on Claim Paid Account 3,28,45,67,408 1,66,15,10,474
32,77,33,53,388 23,58,35,19,779

EXPENDITURE
Operating and Other Administrative Expenses 8 12,76,47,801 10,90,86,290
Provisions for Guarantee Claims 3 (a) 32,19,90,00,000 23,21,90,00,000
Bank Charges 2,774 8,607
Depreciation 19,45,564 27,23,386
32,32,85,96,139 23,33,08,18,283

EXCESS OF INCOME OVER EXPENDITURE 44,47,57,249 25,27,01,496

Add / (Less) : Prior Period Items (3,04,555 ) -

Surplus Before Tax 44,44,52,694 25,27,01,496
Add:- Income Tax Provision W/Back - 33,67,00,000
Less: Provisions for Income tax - -
Surplus After Tax 44,44,52,694 58,94,01,496

Less: Transfer to General Reserve - -
Surplus of Income Over Expenditure Carried to Corpus Fund 44,44,52,694 58,94,01,496

Notes forming parts of Accounts 9

AS PER OUR REPORT OF EVEN DATE THE ABOVE INCOME & EXPENDITURE A/C TOGETHER WITH SCHEDULES
ANNEXED THERETO IS HEREBY AUTHENTICATED BY US.

For Maheshwari & Co. On behalf of the Board of Trustees of CGTMSE
Chartered Accountants
ICAI Firm Reg. No. 105834W

Sd/- Sd/- Sd/-
(Pawan Gattani) (Sandeep Varma) (Sivasubramanian Ramann, IA&AS)
Partner CEO & Member Secretary Chairman
M.No. 144734
Place: Mumbai
Date: 26 September, 2023
th

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