To The Board of Trustees Andhra Pradesh Urban Infrastructure Fund Hyderabad Report on the Financial Statements We have audited the accompanying financial statements of Andhra Pradesh Urban Infrastructure Fund ('the Trust") which comprise the Balance Sheet as at 31 March 2018, the Statement of Income and Expenditure for the year then ended and a summary of significant accounting policies and other explanatory information (hereinafter referred to as "financial statements"). Management's Responsibility for the Financial Statements Management is responsible for preparation of these financial statements that give a true and fair view of the financial position and financial performance of Trust in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI). This responsibility also includes maintenance of adequate internal controls for safeguarding the assets of the Trust and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these standalone financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the ICAI. Those Standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal financial control relevant to the Trust's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone Financial Statements. Emphasis of Matter We draw attention to following notes to the financial statements: i) Regarding Note No.3 (Schedule F- B.Notes on Accounts), where in receipts and disbursals of funds from the government are directly routed through Personal Deposit (PD) account of Andhra Pradesh Urban Infrastructure Development Corporation (APUFIDC) instead of current account of the Trust. Um opinion is not qualified in respect of above matter. We report as follows: (i) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of audit; (ii) In our opinion, proper books of account have been kept by the Trust so far as appears from our examination of those books; (iii) The Balance Sheet and Income & Expenditure account dealt with by this report are in agreement with the books of account of the Trust; Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in case of Balance Sheet, of the state of affairs of the Trust as at 31 March, 2018 (ii) in case of Statement of Income & Expenditure the excess of Income over the expenditure for the year then ended. For M.Bhaskara Rao & Co., Chartered Accountants Firm Registration No: 000459S , K.Krishna Murty K IPartner Visakhapatnam ' ] ' Membership No: 019693 Dated: rn � и м и о о� � v о � л .. о v е � о � гоv� rn м с� .д , + оо оо о r" м оо й ш и г� оо а+ оо г� оо о� '...оо м г� о м rn v г� о г� с� н м о и и о �� � н оо г� -� о� оо г� � �о w и а; оо ,� а м v� г� и гл Г� '�''..... м +п оо а� rn м r Q о ш и и v о� и ,-: Г." t� о н м -- гv и й д W � � � и ��i д � w Е�-� w о и > �о о � � � й о� и гАд F '� � � в � � о � 'v � � д о о `� о�;� � � .рΡ м � у °г�i и U i" � ц Р" .�Е � v ьы, � � �' Н 'I1 �" � .>~ W �i l�J1 А и и z сg �' er �' д 0.1 й гп � i�„ 'д � г-7 � �� Й L'ч � � � Е� о�� � АА и н �� а�� �6 I � и +' N � �+, W й� С7 а z � С7 °� � U лй�� глйОд� � а "` - иг� и .-• �дооv и� м и ., � м й...'....ооо и rn о м оо и м r � оо н и � � ш F о д�и .-�о н о с.�ог�и '++ vи гз о on U � � оою.� м� �с °.°. мйог�у, �й � ry, w° �� ] и v г� м г� �в C1i 0 R й г�j О� оо н °о оо р � о^о м~ а� н. .ri �,, �� д � д О Q 0 �, W О l� о"'i �,, tV %СΡ?. � �О и а м М' � r� � н W 00 00 н м '. н н � W '�О уМ., � л 1Q �Г' '�I'i и ..... .. ;� � и г� м оо = д� �о й °о N о°о е'�- °о + .-мг�. � м а о °о й n � n и'�о и ь. д о и rn га м -• г� оо v м v м ++ v о с� г � t ао о м оо rr г� оо м м й rn оо о г� с� о оо оо ° и о v� г, � о и м ,-. оо � и и о�о" �с й ь+�З,о ,.... r7"у (� � R N р .-и. О�О � 7 N � м .нч � � СЛ И� N W d=° д о С�' гИч� ,ип й� °� � а м .-" +i' v rп й й АдΡ 0.�i гry •- -• � N й CG адΡ LУч й Q � V �'" хА и z д С7 � о у � д � Кi д� ''Э С '.7 � � н ,о � � .� ° Н о �ш �б а и .� А '�ч :а � о � � °а ,°�• � >, н 5 � � и и '� и � :р . � ш � Д 'й � ;,��уΡ '�' � д � � U i-� �+ i� � � � v � � д 9 '�ч у � W �• ССчч О Рв � ы � z ��.. U а 6�i � ,.�.. F�ч � � И 1=ч � О ь�. 'О д � � �g � Й � � � 'д С �+ �+.., ~ й Uй�� �� й О�� 5 v ¢гУ ��йй06� �� 3!� д о г� о cv о v о� о о о и v и а�о и о q 2 о .о � о о ин м о rnмг� �rn `с г� � о и оо г� м � � • + cv оо � и + rn rn м + + v м н о р >, ю .rr О Q� �Ci и N � оо О� -� N l� N V О� N V �д и N И l� V С И и М�D И l� м И N �� � � сд N р шn �О М � n � N N V О 7,,,. н О �j � _ NNN а р W N О 1� v N 00 М � �~ R О� .С N � ы � ао А � и�j М .-. �О н н � U й4 р" �� г.�., нVн' а А У� � ... 1 .��...ti�.1 ' � � . � �. 3 � . - . -�.� 4 � '' _ Ns on AS on 31.03.2017 31.03.2018 HS Ks Capital fund: Schedule A APURMSP Scheme 1,46,26,92,729 Opening Balance (a) 1,50,76,59,567 Add: Amount Received / Receivable for Less: Amount paid / payable for: Grants disbursments during [lie year (c) Add: Interest: 1,58,23,962 Received during the year on Bank Balances/ CLTD's/Premium a/cs 1,45,00,393 Received during tile year on FDRs Receivable/Accrued on Bank Balances/CLTD's 2,91,58,791 Interest on Loans Disbursed to ULB's (AP) 2,93,97,540 Interest on Loans Disbursed to ULBs ITS) 4,49,82,753 Fatal interest (d) 4.38,97.933 Less :Expenses for the year 15,915 Depreciation 13,975 15,915 Total Expenses (e) 13,975 1,50,76,59,567 SubTotal (A) (a+b-c+d-e) 1.55.15.43.525 APMDP Scheme 82930,85,841 Opening Balance 7,63,26,870 1,30,00,00,000 Add: "C" Component fund for Urban Infrastructure Investment 2,04,35,00,000 2,63,55,607 Add: Interest received on CLTI)s 3,94,51,419 Add: Interest on Loans 80,55,961 Less: "C" component fund returned to MSU-APMDP 32,00,00,000 2,09,50,00,000 Less: Grants released under "C" component 25,91,20,000 3,00,00,000 Add: "D" Component fund 82,88,039 Less: "D" Component Expenses 1,38,92,674 1,73,461 Add: Interest: received 44,83,365 7,63,26,870 Sub'I'Otal (B) 1,57,07,48,98U AMRUT Mission (C) 86,63,75,030 Opening Balance (a) 8,07,730 Add: Amount Received /Receivable for: 1,84,82,80,000 AMRUT Scheme 64,80,45,056 AMRUT - GIS (Sub Scheme) Other Income 1,84,82,80,000 Sub Total (b) 64980,45,056 Less: Amount paid / payable for 2,71,42,80,000 Grants disbursments during the year 64,80,45,056 Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments 2,71,42,80,000 Sub Total (c) 64,80,45,056 Adjustments during the year: Transfers from Grants to Loan component (One Share to another Share) (d) Transfers from Grants to Grants component (One Scheme to another Scheme) (e) 3,75,030 Sub Total (i) (a+b-c+d+e) 8,07,730 Add: Interest: 4,32,700 Received during the year on Bank Balances/ CLTD's/Premium A/cs 24,40,471 - Received during the year on FD's - Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs Receivable/Accrued on Bank FD's On Loans Disbursed to ULB's Other Income - 4,32,7()u Total interest (0 24,40,471 8,07,730 Administrative & Office Expenses 7,45,73,545 Opening Balance (4,39,62,932) 7,55,32,610 Received during the year 13,34,67,390 (19,40,69,087) Less: Utilised During the year (14,88,54,929) RE-39.62,932) Closing balance ofA&OE (g) (5.93.50.471) (4,31,55,202) ju D 1 OE81 (U) (1+1+9) (5,61,02,2 Smart Cities Mission (D) Opening Balance (a) 72,300 Add: Amount Received / Receivable for: 9,40,00,00,000 Smart Cities Scheme 1,92,00,00,000 1 29.674 Other Income 9,40,01,29,674 Sub Total (b) 1.92,00.00,000 Less: Amount paid / payable for: 9,40,00,00,000 Grants disbursments during the year 1,92,00,00,000 57,374 Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments 9,40,00,57,374 Sub Total (c) 1,92,00,00,U0O Adjustments during the year: Transfers from Grants to Loan component (One Share to another Share) (d) Transfers from Grants to Grants component (One Scheme to another Scheme) (e) - 72.300 Sub Total (i) (a+b-c+d+e) 72,300 Add: Interest: Received during the year on Bank Balances/ CLTD's/Premium A/cs - Received during the year on FD's Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs Receivable/Accrued on Bank FD's On Loans Disbursed to ULB's Other Income Total interest (f) 72,300 Administrative & Office Expenses 6,00,00,000 Opening Balance 18,00,00,000 Received during the year 6,00,00,000 (24,0000,000) Less: Utilised During the year (6,00.00,000) Closing balance of A&OE (g) 72,300 Sub I otal (D) (i+r+g) 72,300 State Smart Cities Mission (E) Opening Balance (a) Add: Amount Received / Receivable for: State Smart Cities Scheme - Other Income Sub Total (b) Less: Amount paid / payable for: Grants disbursinents during the year Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments Sub Total (c) Adjustments during the year: - Transfers from Grants to Loan component (One Share to another Share) (d) Transfers from Grants to Grants component (One Scheme to another Scheme) (e) Sub Total (i) (a+b-c+d+e) Add: Interest: Received during the year on Bank Balances/ CLTD's/Premium A/cs - Received during the year on FD's Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs Receivable/Accrued on Bank FD's On Loans Disbursed to ULB's Other Income Total interest (f) Sub Tota (E) (i+ft) OTSFA (F) Opening Balance (a) Add: Amount Received / Receivable for 39,28,34,500 One Time Special Financial Assistance Scheme 3,00,96,39,000 . Other Income 39,28,34,500 Sub Total (b) 3,00,96,39,000 Less: Amount paid / payable for: 39,28,34,500 Grants disbursments during the year 3,00,96,39,000 Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments 39.28,34,500 Sub Total (c) 3,00,96,39,000 Adjustments during the year: - Transfers from Grants to Loan component (One Share to another Share) (d) Transfers from Grants to Grants component (One Scheme to another Scheme) (e) Sub Total (i) (a+b-c+d+e) Add: Interest: - Received during the year on Bank Balances/ CLTD's/Premium A/cs - Received during the year on FD's - Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs - Receivable/Accrued on Batnk FD's - On Loans Disbursed to ULB's Other Income - Total interest (f) - sub t otal (E) (i+I)________ APPCB (G) Opening Balance (a) Add: Amount Received / Receivable for: AP Pollution Control Board 18,93,00,000 Other Income Sub Total (b) 18,93,00,000 Less: Amount paid / payable for: Grants disbursments during the year Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments Sub Total (c) Adjustments during the year: Transfers from Grants to Loan component (One Share to another Share) (d) Transfers from Grants to Grants component (One Scheme to another Scheme) (e) Sub Total (i) (a+b-c+d+e) 18,93,00,000 Add: Interest: Received during the year on Bank Balances/ CLTD's/Premium A/cs 26,08,123 Received during the year on FD's Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs Receivable/Accrued on Bank FD's On Loans Disbursed to ULB's Other Income STotal interest (f) 26,08,123 . SubTotal (G) (i+1) 19.19,08,123 APUIF - RAY (H) - Opening Balance (a) Add: Amount Received / Receivable for -APUIF - RAY .Other Income Sub Total (b) Less: Amount paid / payable for - Grants disbursments during the year - Adjustments during the year Excess Interest on Loans/Bank adjustments & other Adjustments Sub Total (c) Add: Interest: Received during the year on Bank Balances/ CLTD's/Premium A/cs Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs Other Income- Total interest (f) - Sub Total (H) (i+t) JNNURM Scheme (1) 15,41,61,01,301 Opening Balance (a) 16,24,72,05,161 Add: Amount Received / Receivable for: 4,69,47,000 Urban Infrastructure Governance (UIG) 6,61,28,000 84,21,19,000 Basic Services for urban Poor (BSUP) 24,38,07,000 17,45,34,000 Urban Infrastructure development scheme for small & medium towns (UIDSSMT) 21,19,01,000 12,70,29,000 Integrated Housing & slum Development Programme (IHSDP) 33,82,14,000 45,32,97,790 JnNURM Revolving Fund 53,34,72,839 - Capacity Building 2A2.40,000 AP Projects 2,50,61,000 1,66,81,66,790 Sub Total (b) 1,41,85 9 Less: Amount paid / payable for: 1,32,94,36,000 Grants disbursments during the year 80,81,42,000 86,68,000 Adjustments during the year 7,86,41,000 - Excess Interest on Loans/Bank adjustments & other Adjustments 1,33,81,04,000 Sub Total (c) 88,67,83,00 Adjustments during the year: - Transfers from Grants to Loan component (One Share to another Share) (d) 12.57,50000 Transfers from Grants to Grants component (One Scheme to another Scheme) (e) 15,87,19,14,091 Sub Total (i) (a+b-c+d+e) 16,77,90,06,000 Add: Interest: 6,39,75,159 Received during the year on Bank Balances/ CLTD's/Premium A/cs 6,74,91,578 Received during the year on FD's Receivable/Accrued on Bank Balances/CLTD's/Premium A/cs 1,49,28,259 Receivable/Accrued on Bank FD's 31,13,15,911 On Loans Disbursed to ULB's 28,30,65,404 - Other Income 37,52,91,070 Total interest () 36,54,85,241 16,24,72,05,161 Administrative & Office Expenses 9,36,05,619 Opening Balance 4,92,36,133 (25,15,000) Received during the year 40,26,060 (4,18,54,486) Utilised During the year (4.33.90.300) 4,92,36,133 Closing balance of A&OE (g) 1 98,71,893 16.29.64.41.294 Sub lotal(1)(i+f+g) 17.15,43.63 134 17,83,73,44,829 Grand ITotal (A to 1) 20,41,25,33,792 AS at AS at 31.03.2017 31.03.2018 Rs Rs Schedule B - Income & Expenditure A/c 33,36,90,066 Opening balance as per last Balance Sheet 35,97,58,430 2,60,68,364 Add: Excess of Income for the year 2.46.58.372 B.n a F-� С' � U � •ы ........ � О F О b � � .> А � й ° � � � � � �/уΡ� д У W О н �,О ^ С О О н� �v� � "' � °i `� о � �л � .. о ° � `.�° о �3. с� `� � � `"а `. �' �` v о � � ° а �"О �О н о г� '�"' ь. �д Fн ,°',ое°�� о,� й �а"i' д �� � д а' � о й N � '� ,� abi (� а> О�.у О Р� N '� а � � н М +' х ГА �'р ° ¢' � с��д ь'�4' � � йw �°°v wA � , � �, r, w ° " . " " rn а о � о й й •�,ос� �� °� ° � м м � о ,.., �, ,-, м у,� О О Gтв Ф b � � сд W V О � � � �"' � � Р1 у � Сб U N •� о �J td� � � V] � а °' � � � � � � и М Г�в � � у r°r О Н р '�� U Н й N � .� U . � � ао � � � ,� [-а-� � .� �р ь°. ° й й b Гх �,'�°'' о о° о г� N � �у ,ti ,� w" •�, о с� �р �д � �,,'1"л ере о °•� � о� м м a�or; � �^о � °' ��м � �, а �, о � � � д w с� а � х� °w о N N °v r N и� � V� у,., ° И .-ч М Q� " О� W д °' 'С l� � М � � И И... � bД � � '�= ° N й � м °�° b ° � � �з � р"' а� `° а� о� N ,-" � �л .� � а �,� �ом "' � А `�.° � ° о � Z � а �'' д � '� � и а � � � � � ° � а � о и .й pq о � � � о а � � �� � � н � О ��., � й й � Ri N уу�" с� .. О �� д а ° [� Е� [� U Е� °� �' о •" N о о о°, N Р� � �' � о,`-° с�! м о о, ' ' �? � о р„ a�i с°� о � oNO� oN,� о�о '''3. .� Q � а'"i � А+ �' N� cn и t� �t � с`� •д сд � � �� о о� � .--� гЧ р'�q й � Р, � ° о м' N м � с� �. й:� w w w U � �ч с� � А '� �..� '" й о о° rn й о r . N. � � . � о . � . , � � , . г^ r 'С °° ^ у N а °�°� оо v rn а а� N'� V N N N О CJ О м , �' � О ~ Ои1 0�1 V О .н о Е м -у --� е� W о w � О � b � о � О Ш U N W рр � ра � U М � и а�"1 ,� . r..-' S1 G С °� С� � `п � �� N '°�- Ё .д А °� V Q А. � м й л U й с� о гл � �, $ � � ° :с W � н U CG х о � � F � а _ � ,� й п� ,� �..�'. й U N а и �.р 7 й Р" �� 0.�' ❑ V � 'О � "�С��� о � �� д А Г� Vz г'д� и � н оо wн�Ас� а йнА ����tiWdW U й о л л л л л л л л л л л л л л л л л N W W°�' 0.1 W Рд 0.10.1W ддРдСlttlfЯСд0.1 W 0.1 � Р� м �у о� rn м и и w о м,� о , �� � о � �� �� ��� г � � � й �° W • г� о � r ,~�- � " о :°. .� и м о� � а �.r, 'С � й � й й V �а й а� о�' `о о�°о � � А у о д ° г„ с� гi � а� v о L° v с��С Е `z' � r., д � + 'О �L '�' О � �О � М V .... Й .С l н л� � w У 7 О � � � � е у� ь � � � м м � е � � � � � .n � ..�� � zx ��� о�о м oNO м �ш� �',.. н � д�о а'С о и м ш оо v и о� о а �° � дNма�д и rn м-. о w ��у н а� о оио" ш v.-� � ��. xVZ �., дом г� и �и о о r� ь• iЭ д�Z а �" � Е а� � Г"°�' а ; � � г р' о С7рΡ,, ш � � С � � ь� � р 3 � ✓и и � С А '� ;С 'и° дА. ° W ❑� °' г� ci ос,� Q '0! � � О � � д ..�'i � U ^ Г� V у� N G"' о � � о '��' д � � а « �"' > N � 7 . �'С7 о, � Е с7 �,д abi и won ��'" а, � й.ы о ':°. �� ❑ �о, � о° � n'! р^, .а а о р; F" д4 ° � о а+ �° �- у ь. vZJ од ,� г.�. и °� •о F,,,.. а ' Рд v"�°�-- g Аи о Av w й�� � q°�j ? й� cд � х_a�i н� о���й 'д� � � � Е _ с S � � °�°' с й г� w� v °� с°°' � а� к а А"' � н OG � � � Uс�,йи�� ocV�w�°а .о�й�� о с� . � Q ° ,д у �° и ° � � � °' °= о � а 'д й ❑ � ра", iд °ЕΡ р ���� �� �ау Sd dwF°- ��а�.дидJ~¢��UQ о о о v' о о о о о о о о о о о о о о U н F н н F н Н н F F F F н н F F `� '� ....�.... о .... ._...о й �...й м й й t Й� Г�ч 7 ,F'jл � 'о �о м , � , � � , � � 4 , ь м о, � � и и � � ° � о '. �у yNp о�о о й й� vм й � ,ц2� �., � �а uoNpl`,� й v й vм м'� v й � � � У^у °. N `° ,и `^ � 0.1� иа � ь с ,C w Е м ... .. н � к `�4 � Ъi � wo,U �С а.А �I � ......... И � ryi .:.� � , , � , � �а � _$ ИуΡуΡ 00 �- рΡ 1�t, Т F! О. !� Ф У Q+й. д N � И � ~ С й � й'; й о ыг � I о о а о � � 9 , . . . , , . . . � ' �i � �',. с'3 т �I� �` �......... а � .. ._... {� ..._.... ..._ ._.._..._... ._ �уΡрΡ е _ 6 N . . . , . . ..--- ь . �' Оы.. гг С - �рΡ �' ,',. С•� V 1� W n,,. с �' с� LL о w а����. ......... ......... ._.... ._.... .... ..... ......... ...._. _..._..._ ,° 6 о � уа � . . . � . . . � ' g й �Q � � а ° �+ � о о . , . , . . . . . � � � а � g о и = й - гJ � � . . . � , , . . . . � . , �' � n О � И F ^ 7 И р , . . . . . . � � � . . . , � � б 7И � � Ф � И Zrj . i i � М О i . . . . � . n . � � (� ФM дм W�рΡ � � N N °i А � � °м р ° U °с х К 5. F ,,,, U а � � а ы s ,� � ��� F 7 6 б у� �p �i LL Ф � е LL Е гн- '� ¢ � = 5 � �°S. ° F- �Q � т ° � � е � ц �G с � Ut� о С �� � р рΡ° И р !� ��, 7 � �i � и�о, р•g kYaf а �' G r�' ы � �' U 7 = 7 О а � �ry Ё . У о U р � F� Ф U г = � � т bi � бi' �' т т т � т т т т �' l'i �' � _ �-. т � r т Е л � � й . � � . . , . . � � � ��. й j � й 5 J9 °шуΡ м й л т n m S И � 4 F) О.�. уиj �° W � т О ш а = � rc �g т < � $ � � � � а - ° �,' Г ffi _ � °с и . . � . . . � . . . . . � �° � с � ОZ � q О б � � Ф � г� т � .... _ �__ _ ......... .....^ � � � й . � . � � , � . � � . 8i �С9 ^ Й �O ^ R 2 > 1L Nт nj �? � �� �. � � т а ' � � � .... ... .... ............ .... .... с О � .Q � N . � i i . . . . . i ь i г �. рр � 6 �j И О И т �., � .. Ф . . . г .. . , r � г . � И р га � % И_ о � � �1 и °м � 1- N . о � . . . . i . �. . Р' � Я � R < � 7 r И й И � i l+1 . . . i � . . i . . `Ъ ?уΡ � Ф Й Ф � � � О И_ � И ....� . д ОΡ� � . � � . . � � . i . g О l9 � r? ё +¢ � � � т ^,, � т ._. _........-�,.....�. Ё _.. � �h С Р� Ё е �i ? Б : , � � . . {�у s` 2 � � � �Ё _ � � �� �� �� � ' ai Ei � 8' ё 8i � �'� � � 8i � � � .�t а > � i_. �? � Ф � � �¢ � � � � К ё Е У Е Yi O1 F� а а ё � ц S. � Е .. ,` . О ¢ � ¢ °� � � _ � 7 а гд9 �Е' ас V �Е - . . --- и= � � � ё ы= � ь°- ь°- � � i°- �°- ы°- � � ? гмv о о °о °о � � w° И м о rn о о � о� 'О t� н .'. ? о оо оо cV О� tx 'ыоо� м н н N н н °ой смv °о о о о� ° � н N �,�м ь � О Gгв U д W 00 и � � � � � � О С И � р р•• � сд А r! °' о� � о� о о� ы о гл Z о �, ., о ��j ы N ы7 н сд ы �o 0"а р" с•"� Н b N ��7 и М а �� а J U иU и � � �'л _7 •� у, � у LТч iЧ L� aw� AU �U � .� �, [-� Е" �° ттд ттпСГддG U � V С N r� б� � � .-ч 00 О ... О� 00 � 'С � ti О � � N р � .Nч 0~0 и д� о w� r � .-Nч О М Й О � i�, i О О�-�в О � 00 О 00 О ы w а� w •у, О N N •--;, и � �. � Z л А•v n, `V м Г� -" с; �о �' � ,.., са ° � о о н Z х а•L � q� N N й д� •С .� v `� н М а� ь. р G' �, о � > > г (1у р�„� ьrу V S ь0 � Т.. О� О 00 ��д W�'С аи+ у°„ ° •"' N О и � �. Q � s`°. ы �� оно м rn о г°�у Qн �� а� а+ Е о н о оо о� и м о '�, ��, L Сд •%� о N 7 00 М [' 4"i �^ а' r а n. �' м г�, �о cv v � �.� � е� о о � х Q� � о г: г� м ,, н М '� ^ и L" �Сд�4 а�а+ w , w �'_` � ' Г�r � � b СС '�у ., с� ' G� � ° � О' •a�i � � С Е'i , � � � � ..r.J. д' О � Ч U О 5 � F°, F-°, F°, с U с � о°о °о о g� �' Эq `' о � N N °о °о � `w+7 ��с+ с'3 ^О �О н � �ч �i � •у°-, о й � � °о °о � � �� о � � гv о м н � ¢ � � гу .[ � и W д о"'� н Г�q N �'i"' � ,., .� м �4 о �т°., о U х � `'� w аА �� � . � '� }+'а _- �~.�1 г.,. ° о о �о �о � °о °о . , , � � � ' � с 00 ' � о о гv г� �нр оо с� н а� N,j� Й р� � 00 N О �О О� � � О � � Т N L О ,-ч р � М w О 4: А .й r, W л � ,�, О N W сЭ � � � . � L" �i � ы � v � 'С N ,�. . 't"'" U р 4П z а w � ° � � Н � О н��'� А ŭj �-�- W й � .� •д � W � � � � � Д о � с°у dwA U � л л z � О П-l W 0.l (� Г�д � W Г� м 2ч W � о � � С4 � � г�, о , °о °о °о , , , , , � � ь�7 � N.,.,�.. о N н � О О О � .О С4 Е о'' а� о�i о�о `� '" � � F'i � i. О а� С�-r �+ � й � �' О М N Р/у О � (гу .D LC�. W Li+ '•� л F-� �v р" н �-�,[,+ С о 7 й д �у � � ,,,,,,. О , , � � , � , ,. , рМр ��. ~ � д�v с. а,о r:°. � � о гi � �� � са .'7- ы р,� с ' о t� �t г� �пs � р�о �'�°N � м � г`tv � w° � х U `" w а� ° а N N �� Wd °- � ��М � ч � � Е w° ii � � а `о а , �м �.� а а '� L С х р м А w и о Q� О � Ci . ai ` и � LQ � а у р � � v '� Q .ы � w р р ь" iд и � г�7 � N а О � LG ч'`ti � ы Г� W� F � • � � .� л en С (� �� U N о`л q � '�" N С. О Fч � С�' � Г�ч � � ¢ � .д ; Од , dwwдa� о Н Н н° Н Н �� " °м °о °о °м G4 � �' � о ++ о� � r о � � а " ,® �о р а �roi � � о м о `�Q � � � а.t н;, � о et � v� �у � � � � � � � � � � � �. � ^ � У.�. U Q м пi ww'о°. `°v � аА ��г �. ,' ° �r � о � � • , • � , � � •L о °,�° о; о; у г� о сч и а �' г� � ,-, ., w о м �,_, о � о,.: о � м � О W � и � .� �' ы w ш c�i �у ........, U i, ы � ы � и а � � д�д � � � �о � b а�о й¢ V w н д `"� Гд Гдл >' у м � � s О �г� W М р О � '�. r 5v у w � ' ' О ' � ' �О .\О гi� � ,.r.i О н р О N N � [� О •L О N г� °р ~р ы � � р, � Мр W,. �Ci �О � Р�у z � s.Cl„ oi "'� J'"., � F-� �� о Lo"' й О н � � �-и+ О +й W w.�� w � � � � � •z-�,7'л, W о w � � � � � , � q �� д•ёЕ" а`+ •vг�°�° N й ¢ �' � ,.., а о ,�, о .. м U и'у N�! `�Э '�" w , ы :� ° Е" « n� � о с '� х � а w s�~ � ., ,.., м ы w Q' и i О � и ы w . �i л �-�� °" а � '� х � ё Q и иг z р, � д '�, � ы OA.i а+ и и � � � id 4: '� � О � а Сд ы�г, й А F '� 'ы й � � � s�. U U q с ... W о С t'.�. � й и О � и � S о нН Н �� �' °о � � `� � �' � о `н° r ° , ' `° �° � г°� � � .ыNо о н � �� � � � и ааiом `�' о о' ,� й � � и � о �о �о ' pq й '� Гs. � � о " �х-1 �° � `л � ,� с� ai w �о U � а А У чV �,�� 1 Ia О а+ ^О l� . . . . , ь О гч � О д � N � .....'. д N О С7 О м � гу О у� О ri р �. М � О W � � Йтч i�y' � � � � а�У л � � � �" � $3 а � А � � н � � � '� � "а д.� О А А г°.� ¢ и V � z о 0.� РС �' , й г= м А � � � 4? р , , � ь ь , � , � '" •о �о � � � q � dN., �СойуΡ v � Q r'7 � � д�; м W .� ,.r н Гi�i ,v � �,,,i n' '�t с � 7 г0 [� а� О �.у Су • О � , � � %q �, уу,., О М у и � О ~ х � � �' ...: _-� 'V О z и,^ > � w�� , 4 ь ь .. � ьд G�y � О � ~ . . � � � � О , � '�„ О N � ''1 r� г�ч V ~ w д � � , ��. гл ь'7 е+ G н ,.. W Q�' � а у О М . G А� р о � � � ра„ � �'�`"`� � � � х � � А и д 'v � и � а а а �рΡ ° .� ае •у пi е,., а. о � �уу Cq ы W Е" � '� 'ы � д�1 �, .� д � О � ¢ д Н Е� U i.�' ° � � �� л � о о r " N i�y^ сь�a с°� � я, у eV р� � � cq ¢ '�"' *. � .дс ш С� О N � ? �^ , �' Ф +'�+ ^� � д. � (� у � � 'ii О 'в �ч О м А � � пi .. с. � W �''С" U г�i L4 � , �,��� �� ,,. .°. м м �С [� � � � � , , � � N о ,.. � '" �L ° �" о о у N n� � °н � а� о� а�ом �-. r ,_, о о� оС � � ' L о ,-, о Е "� `� о сн�, Z W � � � и О N LД ' � s. U � � � р � сд н � а wc�� � w � О � � � � � и � .� 'b F-� и � � Ср"-� �23 � А о k. А й ддWГд U � л л z о GG дд GQ Гд дд � w �; м � � v у � а r w о , , � � � , � � � � � U � N "� О N � '� � о � N м `� р � ° о ""i N О � r� С4 � о � � ° м ы Lтч ы � '+ �Ч � 'С С а .� ° о °о � N ~х� ° � д �v � n, w` У ао , о . � � � . ,� _ ��. ; pq � � � 'о t� •�, °о о о � �� �L о �'�о, о ry й м й о� о �;� ,�Vг а` aNMa rn сч .. w 4�- й V о 'н ы о рн оо о� f-* н � W д ы .и. у.�м `� АQ � ы i ° � �4 р; Е, �" а L а (� � i �v о х ° � А д и о z °' С7 д 'у и � и д А PG а `" �, '� ы � w � А" о а � � � и 'С ,\�, н ,�. �;Н ��А"�� �� ow�� ы О д¢ Q w S с F�- Е� F� � .`� о осq � `� о � � � � о � а � �' м а~+ N о .� � � й � а� о гг, f� .� и � °� N � � � � Lo° д� й '�а � о Е м � � � � � � � w `� U `�" Рч А � ANDHRA PRADESH URBAN INFRASTRUCTURE FUND Schedule-F Significant Accounting Policies and Notes on Accounts for the Year 2017-18 A. ACCOtJNTING POLICIES 1. Basis for Preparation of Financial Statements: The Financial statements are prepared under the historical cost convention. The trust follows mercantile system of accounting unless otherwise stated. 2. Revenue Recognitio : Interest receivable on loans is accounted for on Accrual Basis. Interest earned from fixed deposits of surplus money disbursable to various schemes is added to the funds of the scheme concerned. Interest earned from fixed deposits of seed capital of the trust, is treated as income of the trust. 3. Fixed Assets: Fixed Assets are stated at cost less depreciation. Cost comprises of purchase price inclusive of all taxes, freight incidental charges and other expenses directly attributable relating to acquisition and installation. 4. Depreciation: In respect of depreciable assets, depreciation on original cost is provided on Written down value Method at the rates prescribed in the Income Tax Act, 1961 and is provided for the number of days the asset is put to use. 5. General: Accounting policies not specifically referred to are consistent with the Generally Accepted Accounting Practices B. NOTES ON ACCOUNTS: 1. Andhra Pradesh Urban Infrastructure Fund (APUIF) was established as a Trust under the Indian Trust Act, 1882 pursuant to orders by the Government of Andhra Pradesh vide G.O.Ms. No.72, M.A, dated 18.02.2005. The Main Objectives of the trust are, To fund Urban Infrastructure projects for improving the living standards of urban population, including the urban poor. * Assist urban local bodies and other agencies providing the urban infrastructure in accessing the capital market, individually or jointly through pooled finance arrangement. * Operate a complementary window, to assist urban local bodies and other agencies by way of grants, on issue relating to project design and management and in addressing the problems of the urban poor and the issues of environmental conservation. * Facilitates private sector participation in infrastructure through joint ventures and through formats such as public-private community partnerships * Capacity building, including financial management of urban local bodies to enable them to access debt finance from the market. The funds are received from Governments, and APUIF receives and disburses loans and grants in accordance with laid down eligible criteria under various schemes. The Andhra Pradesh Urban Finance and Infrastructure Development Corporation Limited (APUFIDC) acts as a fund manager. 2. Seed Capital represents contribution received from Government of Andhra Pradesh in terms of G.O.Ms.No.72 MA dated 18-02-2005 3. During the period, all the Government funds in respect of schemes like Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission, One Time Special Financial Assistance (OTSFA) and State Smart Cities received aggregating to Rs.694.45 Crores are deposited into the Personal Deposit Account (PD) of APUFIDC and an amount of Rs.694.45 Crores were released to various ULBs through the PD Account.. Necessary Journal entries are passed in the books of account of the Trust for recording the receipt of funds from the Government and disbursals to various Urban Local Bodies (ULB). 4. Capital Fund: The Administrative & Office expenses (A & OE) charges, retained interest on loans, interest on Corporate Liquid Term Deposits (CLTD's) & Fixed Deposits (FD's) are adjusted to capital fund of the respective schemes. 5. Current Liabilities & Provisions: AMRUT During the year an amount of Rs.5,93,50,471/- is payable to APUFIDC towards administrative expenses incurred on behalf of AMRUT scheme. INNURM During the year an amount of Rs.3,97,62,942/- is payable to APUFIDC towards administrative expenses incurred on behalf of JNNURM scheme. Smart Cities During the period an amount of Rs.57,374/- is payable to APUFIDC towards administrative expenses incurred on behalf of Smart Cities scheme. 6. The Trust is not charging penal interest from the ULBs on the installments not paid on or before scheduled due dates as per loan agreements. The same was discussed in the meeting of Board of Trustees of APUIF Trust held on 05-08-2013 and it was resolved that as a one-time measure the accrued penal interest on the loans drawn from different schemes by ULBs and other institutions be and is hereby waived with the condition that these institutions and ULBs consent for repayment and normal interest. Accordingly APUIF has addressed letters to the concerned ULBs to obtain consent. But concurrence from ULBs is still awaited. a )The Govt. vide its G.O.Rt.No.866, Dt.21-05-2013 and G.O.Rt.No.1361/Dt.02-09- 2013 approved the customized norms and to be adopted by the APUIF for implementation of APMDP Scheme from 01-04-2013. The release of loan under the above scheme has only started during the current financial year. An amount of Rs.11,08,80,000/- has been released as Loan under APUIF-APMDP scheme and an amount of Rs.80,55,961/- has become due as interest at the year end and it has been not yet received hence as per the provisioning norms the same amount was shown as provision for bad debts. b) As per the above customized norms out of Loan amount released under APUIF- APMDP during the year Rs.11,08,80,000/- an amount of Rs.10,75,00,000/- has become a non performing asset. 8. The Trust has been granted exemption under Section 12A of Income Tax Act, 1961 with effect from 23-02-2005. 9. The Trust funds are invested in accordance with the provision to Section 11(5) of the Income Tax Act, 1961. 10. Installments of Loans and Grants of JNNURM/AMRUT are disbursed after obtaining Utilization Certificate in a specified format from Commissioners/Head of Implementing Agency of the ULB except the first installment. The same is forwarded to Government of India after due attestation by the Secretary to the MA & UD Department, Government of Andhra Pradesh 11. The formal demerger of the trust between Andhra Pradesh and Telangana consequent to the state bifurcation is yet to take place. 12. Paise have been rounded off to the nearest Rupee. 13. Previous year's figures have been regrouped, reclassified and re-casted wherever considered necessary to make them comparable with current year classification. for M.Bhaskara Rao & Co., for Andhra Pradesh Urban Infrastructure Fund Chartered Accountants K.Krishna Murty /L Partner i1ance M1anger Trustee Secretary Place: Date: I