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    Balance Sheet As On 31st March, 2018: Coastal Bank - 2018

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    Ranjan Roy Jacob
    Coastal Bank's balance sheet and profit & loss statement for the year ending March 31, 2018 are presented. Key highlights include: - Total assets increased to Rs. 533.19 crore from Rs. 471.30 crore the previous year. Deposits and advances grew significantly. - Net profit for the year was Rs. 14.52 crore compared to Rs. 8.76 crore last year. Total income grew to Rs. 68.73 crore from Rs. 57.18 crore. - Statutory reserves were increased by Rs. 2.90 crore from profits. Rs. 24.68 crore was carried over to the balance sheet as

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    Balance Sheet As On 31st March, 2018: Coastal Bank - 2018

    Uploaded by

    Ranjan Roy Jacob
    22 views2 pages
    Coastal Bank's balance sheet and profit & loss statement for the year ending March 31, 2018 are presented. Key highlights include: - Total assets increased to Rs. 533.19 crore from Rs. 471.30 crore the previous year. Deposits and advances grew significantly. - Net profit for the year was Rs. 14.52 crore compared to Rs. 8.76 crore last year. Total income grew to Rs. 68.73 crore from Rs. 57.18 crore. - Statutory reserves were increased by Rs. 2.90 crore from profits. Rs. 24.68 crore was carried over to the balance sheet as

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    Balance sheet

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    BalanceSheet_PL_31-03-2018

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    Coastal Bank's balance sheet and profit & loss statement for the year ending March 31, 2018 are presented. Key highlights include: - Total assets increased to Rs. 533.19 crore from Rs. 471.30 crore the previous year. Deposits and advances grew significantly. - Net profit for the year was Rs. 14.52 crore compared to Rs. 8.76 crore last year. Total income grew to Rs. 68.73 crore from Rs. 57.18 crore. - Statutory reserves were increased by Rs. 2.90 crore from profits. Rs. 24.68 crore was carried over to the balance sheet as

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views2 pages

    Balance Sheet As On 31st March, 2018: Coastal Bank - 2018

    Uploaded by

    Ranjan Roy Jacob
    Coastal Bank's balance sheet and profit & loss statement for the year ending March 31, 2018 are presented. Key highlights include: - Total assets increased to Rs. 533.19 crore from Rs. 471.30 crore the previous year. Deposits and advances grew significantly. - Net profit for the year was Rs. 14.52 crore compared to Rs. 8.76 crore last year. Total income grew to Rs. 68.73 crore from Rs. 57.18 crore. - Statutory reserves were increased by Rs. 2.90 crore from profits. Rs. 24.68 crore was carried over to the balance sheet as

    Copyright:

    © All Rights Reserved
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    of 2

    COASTAL BANK - 2018

    Balance Sheet as on 31st March, 2018 (in Rupees)


    Schedule As on As on
    No 31-03-2018 31-03-2017
    CAPITAL & LIABILITIES
    Capital 1 23,01,91,730 23,01,91,730
    Reserves & Surplus 2 44,49,03,448 29,96,21,138
    Deposits 3 4,52,57,03,849 4,05,45,66,200
    Borrowings 4 -
    Other liabilities and provisions 5 13,11,75,363 12,86,53,366
    TOTAL 5,33,19,74,390 4,71,30,32,435
    ASSETS
    Cash and balances with Reserve Bank of India 6 16,05,00,680 8,81,27,919
    Balance with banks and money at call and short notice 7 60,79,41,628 59,57,47,034
    Investments 8 88,63,64,936 85,36,33,356
    Advances 9 3,48,01,25,849 2,98,51,73,706
    Fixed Assets 10 9,49,86,904 8,08,80,267
    Other Assets 11 10,20,54,394 10,94,70,153
    TOTAL 5,33,19,74,390 4,71,30,32,435
    Contingent Liabilities 12 1,23,68,120 63,01,041
    Bills for Collection
    Significant Accounting Policies and Notes to the Financial Statements. The schedules referred to above form
    an integral part of this Profit and Loss Account. As per our Report of even date.

    For SURESH AND BABU For and on behalf of the board


    Chartered Accountants
    FRN : 004254S
    (S. Muralikrishna Rao) Sd/-
    Partner, M.No. 208435) Dr. Jayaram Chigurupati
    Director

    Sd/- Sd/- Sd/-


    Biplab Kumar Das B. V. V. Rajeswara Rao K. Venkataraman
    Director Director Director

    Sd/- Sd/- Sd/-


    T. Eswara Chandra Rao D. Jagapathi Raju N. Sambasiva Rao
    Managing Director General Manager General Manager

    Place : Vijayawada
    Date : 11-05-2018
    ***
    COASTAL BANK - 2018

    PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2018
    (in Rupees)
    Schedule Year ended Year ended
    No 31-03-2018 31-03-2017

    I. INCOME
    Interest earned 13 55,34,56,367 47,42,20,506
    Other Income 14 13,39,09,164 9,76,24,783
    TOTAL 68,73,65,531 57,18,45,289
    II. EXPENDITURE
    Interest Paid 15 27,16,49,201 27,07,53,730
    Operating expenses 16 19,94,14,715 15,98,39,562
    Provisions and contingencies 7,10,19,304 5,35,99,164
    TOTAL 54,20,83,220 48,41,92,456
    III. PROFIT
    Net profit/loss(-) for the year 14,52,82,310 8,76,52,833
    Profit/Loss(-) brought forward 13,78,86,144 8,25,57,476
    TOTAL 28,31,68,454 17,02,10,309
    IV. APPROPRIATIONS
    Interim Dividend paid - 46,03,835
    Tax on Interim Dividend paid - 9,62,340
    Transfer to Statutory Reserve 2,90,56,462 1,75,30,567
    Provision for Deferred Tax Liability
    (See point 4.7 of Schedule 18) - 48,44,781
    Transfer to General Reserve 72,64,116 43,82,642
    Proposed Dividend - -
    Tax on Proposed Dividend - -
    Balance carried over to balance sheet 24,68,47,877 13,78,86,144
    TOTAL 28,31,68,454 17,02,10,309

    ***

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