AGARWAL A KUMAR & ASSOCIATES 3505, SECTOR-32 D,CHARTERED ACCOUNTANTS CHANDIGARH - 160030

PHONE 9814406375, 0172-2604484FAX 0172- 2604484E-MAIL aakchdl agmail.con

aakchd2014@ rediffnail.com

FORM NO. 10-B

(See rule 17B)

Audit Report under section 12A (b) of the Income Tax Act, 1961

We have examined the Balance Sheet of National Rural Roads Development Agency (A society

registered under Societies Registration Act 1860), as on 31.03.2015, and the Income and

Expenditure Account for the year ended on that date which is in agreement with the books of

account maintained by the said society.

We conducted our audit in accordance with the 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 of material misstatement. An audit includes examining the overall

financial statement presentation. We believe that our audit provides a reasonable basis for our

opinion.

We have obtained all the information and explanations, which to the best of our knowledge andbelief were necessary for the purposes of the audit. In our opinion, proper books of account havebeen kept by the head office of the above named society visited by us so far as appears from ourexamination of the books, subject to the comments given below.

In our opinion and the best of our information, and according to information given to us the said

accounts give a true and fair view:

(i) In the case of the Balance Sheet , of the state of affairs of the above named society as at31.03.2015, and

(ii) In the case of the Income & Expenditure Account, of the income excess over expenses ofits accounting year ending on 31.03.2015

(iii) In the case of the Receipts and Payment Account, for the accounting year ending on31.03.2015

The prescribed particulars are annexed hereto.

For Agarwal A Kumar & AssociatesChartered Accountants

Fi~ ~ a -rWP5*- 7 5r

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C.A. Ag(Part e andi z'

Place: ChandigarhDated: 9

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National Rural Roads Development Agency

ANNEXURE OF 10B FOR THE YEAR ENDED AT MARCH 31st 2015STATE OF PARTICULARS

I. Application of income for charitable or religious purposes

1. Amount of income of previous year appliedto charitable or religious purposes in Indiaduring the year.

The objective of the Society is to assist the Ministry of Rural RoadsDevelopment in planning and Implementation of the Pradhan Mantri GramSadak Yojna. Accordingly, the agency borrowed the loan from NABARD anddisbursed the grant to the states. The Ministry of Rural Road Development hasgiven grant to the Society for repayment of loan and payment of Interest toNABARD. Details of Grant-in-Aid received by NRRDA from MoRD:-

(In Lacs)Particular ReceiptsGrant for Repayment of Loan to NABARD 369956.54

Interest Received on NABARD FDR 43.83

Grant for Payment of Interest 46020.00

Grant for Technical Assistance Component of World 4910.06BankGrant for Meeting Agency Expenses( General Grant & 1980.00Grant for Salary )Total Grant Receipts 422910.43

PaymentTotal Payment during the year 424748.39

2. Whether the society has exercised the option under : NOClause (2) of the explanation to section] 1(1)? Ifso, the details of the amount of income deemed tohave been applied to charitable of religious purposesin India during the previous year.

3.Amount of income accumulated or set apart / NILfinally set apart for application to charitable orreligious purposes, to the extent it does not exceed15 percent of the income derived from property heldunder society [wholly/in part only] for such purposes

4. Amount of income eligible for exemption under : NILsection 11(1) (c) [Give details]

5. Amount of income in addition to the amount : NILreferred to in item 3 above, accumulated or set apartfor specified purposes under section 11 (2)

6. Whether the amount of income mentioned in item Yes, Fixed D 't ofabove has been invested or deposited in the manner Rs.4,29 .laid down in section 11[2] (b)? If so, the details thereof

:i C rdeAc o nts

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7. Whether any part of the income in respect of NOwhich an option was exercised under clause (2) of theexplanation to section 11(1] in any earlier year isdeemed to be income of the previous year under section11 (I B) ? If so, the details thereof.

8. Whether, during the previous year, any part of NILincome accumulated or set apart for specifiedpurposes under section 11 (2) in any earlier year:

(a) has been applied for purposes other than chari- : NOtable or religious purposes or has ceased to beaccumulated or set apart for application there to, or

(b) has ceased to remain invested in any specified : NOreferred to in section 11(2)(b)(i) or deposited in anyamount referred to in section 1 1(2)(b)(ii) or section11(2)(b)(iii), or

(c) has not been utilised for purposes for which it was : NOaccumulated or set apart during the period for which itwas to be accumulated or set apart, in the yearImmediately following the expiry thereof? If so,the details thereof.

Note: Income set apart in earlier year have been utilizedduring the year

N*> ~ i

AUDIT REPORT U/S 12A(b)

II. Application for use of Income or property for the benefit of personsreferred to in section 13(3)

1. Whether any part of the income or property : NILof the society was lent, or continues to be lent, inthe previous year to any person referred to insection 13(3) (thereinafter referred to in thisAnnexure as such persons) ? If so, give detailsof the amount, rate of interest charged and thenature of security, if any.

2. Whether any land, building or other property : NILof the society was made, or continued to be made,available for the use of any such person duringthe previous year? If so, give details of the propertyand the amount of rent or compensation charged,if any

3. Whether any payment was made to any such NILperson during the previous year by way of salary,allowance or otherwise? If so give detail

4. Whether the services of the society were made NILavailable to any such person during the previousyear? If so, give details thereof together with remu-neration or compensation received, if any

5. Whether any share security, or other property NILwas purchased by or on behalf of the society duringthe previous year from any such person? If so, givedetail thereof together with the consideration paid

6. Whether any share, security or other property NILwas sold by or on behalf of the society during theprevious year to any such person? If so, give detailthereof together with the consideration received

7. Whether any income or property of the society NILwas diverted during the previous year in favour ofany such person? If so, give details thereof togetherwith the amount of income or value of property sodiverted.

8. Whether the income or property of the society was NI-used or applied during the previous year for the a rtr dbenefit of any such person in any other manner? If so, untdnts

andi

give details.

III. Investments held at any time during the previous year(s) in which personsreferred to in section 13(3) have a substantial interest.

S.No. Name & Address Whether the Nominal Income WhetherOf the concern concern is a value of from the the

Company, the Investment amountNumber and Investment in col.4Class of shares exceededHeld 5% of

theCapitaloftheconcernduring thepreviousyear say,Yes/No.

1 2 3 4 5 6

......... . NIL ..........

For Agarwal A Kumar & AssociatesChartered Accountants

C.A ok A a](Par andi a

Place: Chandi arhDated:

NATIONAL RURAL ROADS DEVELOPMENT AGENCY

BALANCE SHEET AS AT MARCH 31st ,2015

(Amount - Rs.)

CAPITAL FUND AND LIABILITIES Schedule 2014-15 2013-14

Capital/Corpus Funds 1 9,60,61,906.00 24,40,89,371.43

Grant-in-aid from MoRD in lieit of RIDF Loan (NABARD) 4099,98,88,780.00 7799,99,25,280.00

Current Liabilities and Provisions 2 1,27,06,901.00 2,75,69,984.00

Total 4110,86,57,587.00 7827,15,84,635.43

ASSETS

Fixed Assets 3 3,54,76,780.00 3,77,93,560.17

Current Assets, Loans and Advances 4a.) Cash-in-Hand and Bank Balance 4,35,50,340.30 2,77,75,840.34b.) Loans and Advances 2,97,41,686.70 20,60,89,954.92

Grant Receivable from MoRD for Repayment of loan 4099,98,88,780.00 7799,99,25,280.00(NABARD)

Total 4110,86,57,587.00 7827,15,84,635.43

Significant Accounting Policies and Notes to Account 16

Annexure to our report of even date

For Agarwal A. Kumar & Associates For National Rural Roads Development AgencyChartered Acco

CharteredAccountant s

CA 'hk al (Anjali Singh) (Rajesh Bhushan)Partner 4ndi st's Director (F&A) Director General

Place :ChandigarhDated: 1Sje?/ 2_

NATIONAL RURAL ROADS DEVELOPMENT AGENCYINCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED MARCH 31st, 2015

Amount in Rs.INCOME Sch 2014-15 2013-14

Grant in Aid 5 545,07,02,072.21 687,46,05,880.32Interest Received 6 59,86,947.00 85,80,501.66Misc. Receipt & Prior Period Adjustment 7 76,647.00 1,47,394.23Capital Fund Written back to the extentof Depreciation 0.00 54,39,517.26

TOTAL (A) 545,67,65,666.21 688,87,73,293.47

EXPENDITUREInterest paid to NABARD 460,20,30,678.00 670,46,27,814.00Establishment Expenses 8 3,90,03,526.00 4,04,75,692.00Administrative Expenses 9 14,76,85,207.83 11,29,50,787.43World Bank Project Assistance 65,07,02,072.21 9,17,12,353.31Depreciation 3 56,61,575.42 54,39,517.26

TOTAL (B 544,50,83,059.46 695,52,06,164.00

Balance being Excess of Income/Expenditure over Exp./Income (A-B) 1,16,82,606.75 (6,64,32,870.53)Transferred to Capital/Corpus Fund 1,16,82,606.75 (6,64,32,870.53)

AS PER OUR REPORT OF EVEN DATE

For Agarwal A. Kumar & Associates For National Rural Roads Development AgencyChartered Accou

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ccountants 63

CA As 1at 1 (Anjali 4Sing (Rajesh Bhushan)Partner Gndi 2 Director (F&A) Director General

Place :ChandigarhDated: j /~t

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NATIONAL RURAL ROADS DEVELOPMENT AGENCY

SCHEDULES FORMING PART OF BALANCE SHEET AS AT MARCH 31st,2015

SCHEDULE I - CAPITAL/CORPUS FUNDS: (Amount - Rs.)

Particulars 2014-15 2013-14

1). Capital Asset Fund

Balances as at the beginning ofthe year 3,77,93,560.05 4,06,33,419.68

Add Contributions towards Capital Fund 33,44,794.00 (28,39,859.63)

TOTAL 4,11,38,354.05 3,77,93,560.05

2).Grant in Aid

As per the last Balance Sheet 2,69,55,81138 8,15,67,255.15

Add: E-Procurement System (Refundable from NICSI 1,45,43,312.00

AddiLess:- Excess of Income over Expenditure for the Year 1,16,82,606.75 (6,64,32,870.53)

Less: Transferred to Capital Fund to the extent of Asset purchased/Sold (33,58,794.00) (21,21,885.24)

TOTAL 3,52,79,624.13 2,69,55,811.38

3). World Bank Assistance

As per the last Balance Sheet 17,93,40,000.00 2,56,88,172.32

Add:- Grant Received during the Year 49,10,06,000.00 17,93,40,000,00Less For World Bank Related Expenses

Transferred to Income & Expenditure on a/c ofworld bank expenses 10,24,48,972.21 2,56,88,172.32For Performance Audit 2,35,00,000.00

For Project Management Consultant (WB) - Disbursed 13,25,00,000,00

For Equipment (WB) - Disbursed 39,22,53,100.00

TOTAL 1,%,43,927.79! 17,93,40,000.00TOTAL (1+2+3) 9,60,6 905.%l 24,40,S9,371.43

Grant-in-aid from MoRD in lien ofRIDF Loan (NABARD)

Opeining Balance at the beginning ofthe year 7799,99,25,280.00 11499,99,61,880.00Repaid during the year 3700,K36,500.00 3700,00,36,600.00Clos* 8 1 4099,98,88,780.00 77"1" 25 280 00

SCHEDULE 2 - CURRENT LIABIIXITES AND PROVISIONS:

Particulars 2014-15 2013-14

I. Security Deposits 9,01,093.00 3,43,996.002. Expenses Payable 1,14,80,271.00 2,71,72,283.003.Sundry Creditor 3,25,537.00 0.004.Stale Cheque 0.00 53,705.00

TOTAL 1,27,K"1.00 2,75,69,984.00

SCHEDULE 4 - CURRENT ASSETS, LOANS, ADVANCES-ETC.

Particulars 2014-15 2013-14A. CURRENT ASSETS

Cash &.Bank BalancCash in Hand (Imprest) 0.00 25,866 00

Bank Balances

-RDFC A/C NO. 3152 (MoRD) 3,13,607.30 52,84,076.86-HDFC A/C NO. 7165 (For NABARD) 0.00 0.00-State Bank Of Bikaner& Jaipur (Current) 4,382.00 5,000.00

-State Bank of Bikaner & Jaipur (Savings) 2,13,316.00 0.00Fixed Deposit

FDR - Other Grant 4,29,62,751.00 2,24,08,899.00Against Bank Guarantee 56,284.00 51,998.48

Total (A) 4,35,50,340.30 2,77,75,840.34

B. LOAN. ADVANCES AND OTHER ASSETS

I . Advances and other amounts recoverable 2,84,74,034.00 20,57,55,233.922. Security Deposits 1,29,902.00 2,06,632.003. Interest Receivable on FDR(Other) 10,88,620.00 78,958004. TDS Receivable on Interest FDR (NABARD) 0.00 0,005. Income Tax Refundable ( A Y. 2013-14) 49,130.88 49,131.00

Total (B) 2,97,41,696.88 0,89,954.92Total (A+B) 23,38,65,795.26

Grant Receivable from MoRD for Repayment ofloan (NABARD)Opeining Balance at the beginning of the year 7799,99,25,280.001 11499,99:6Repaid during the year 3700,00,36,500,001 "0.,0. 6,600.00Amount Receivable from MoRD 4--- 7799,99,25,280.00

NATIONAL RURAL ROADS DEVELOPMENT AGENCY

SCHEDULES FORMING PART OF BALANCE SHEET AS AT MARCH 31st,2015

SCHEDULE 5- GRANTS IN AID MoRDParticulars 2014-15 2013-14

(Irrevocable Grants Received)1)For Meeting Agency Expenses 19,80,00,000.00 10,00,00.000.002) For World Bank Projects 67,03,46,00000 1793,40,000.003) For payment of Interest on NABARD Loan 460,20,00,00000 670,46,28,415,004) For repayment of NABARD Loan 3699,56,53,73800 3700,00,00,000005) Interest on NABARD FDR 43,82,762.00

(A)Anount Received During the year 4247,03,82,500,00 4398,39,68,415.00

Less: Adjusted against repayment of Loan to NABARD 3700,00,36,500.00 3700,00,36,60000(B)Total 3700,00,36,500,00 3700,00,36,60000

Add. unutilised brought forward from previous year(NABARD)1. e-Procurement System(NICSI) 1,45,43,312.00 9,67,713,062. Balance with International Labour Organization 0.00 1,11,74,710.003. For World Bank Related Expenses 0.00 5,88,39,355.32

1,45,43,3 12,00 7,09,81,778,38

Less: Grant utilised for World Bank (Previous year) 000 9,67,713.06

(C)Total 1,45,43,312.00 7,00,14,065.32

Less : unutilised carried over to next year(i) e-Procurement System(NICSI) 1,45,43,312.00(ii). For Project Management Consultant (WB)- Disbused to States 0.00 8,00,00,000.0(iii). For Equipment to States(WB)- Disbused to States 0.00 9,93,40,000.00

(iv) Unutilized Grant 1964392779(6)Total 3,4187,239.79 17,93,40,000.00

Totl(A-B+C-) ,45,07,02,072.21 67,46,8

E- Procurement Grant_____________ _______________

Broaght Forward 1,45,43,312.00 9,67,713.06Add: Prior Period Adjustment on account of Utilisatiot Certificate 0.00 1,35,75,598.94

Total 1,45,43,312.00 1,45,43,312.00

Less: Amount received from NICSI 1,45,43,312.00 -

Am0n0t Refand 0940 00

SCHEDULE 6- INTEREST RECEIVED/EARNEDParticulars 2014-15 2013-14

Bank Interest 59,86,947.00 83,51,593.73Interest on Income Tax ref3d [0.00 2,29,907.9

Total( 5,07,947.01 85,80,501.66

SCHEDULE 7- MISC. RECEIPTParticulars 2014-15 2013-14

RTI Money Received 10 00 1,96000Tender Fee 1,600.00 3,400.00other receipts 16,580.00Licence Fee 58,35700 60,30700Interest Income Reversed - -1,03,43177Liahilities writtenoff:

Fee paid to Auditor -1,44,794.00

V.V. Gulati - 40,365 00

TOTAL 76,647.00 1 7,394.23

SCHEDULE 8- ESTABLISHMENT EXPENSESParticulars 2014-15 2013-14

a) Salaries and Wages 3,87,32,514.00 3,88,19,452.00h) Medical Reimhursement 2,7),012.00 2,25,416.00d) Leave Salary and Pension Contibution 0.00 14,30,824.00

TOTAL 3,9,03,526.00 4,04,75,692.3

NATIONAL RURAL ROADS DEVELOPMENT AGENCY

SCHEDULES FORMING PART OF BALANCE SHEET AS AT MARCH 31st ,2015

SCHEDULE 9- ADMINISTRATIVE & OTHER EXPENSESParticulars 2014-15 2013-14

ADMINISTRATIVE EXPENSESDomestic Travel Expenses 4495,56100 52,12,841.00Electrical Expenses 21,21,001,00 8,89,153.00Foreign Travel 0.00 000Hiring of Conveyance & Vehicle 29,02,558.00 26,05,92500Meeting Expenses 48,211.00 2,15,851.00Office maintenance / Taxes and duty 22,00,075.00 50,17,125.00Other Office Expenses 37,27,294.83 26,72,025,31Postage Expenses 2,43,424.00 2,78,413.00Printing & Stationery 10,72,567.00 2,62,609.00Professional Services 0.00 4,33,149.00Repairs and Maintenance 20,37,408.00 17,14,543.00Telephone Expenses office 8,21,044.00 7,00,384.00Telephone Expenses Residentials 2,56,127.0 2,63,952.00Vehicle Maintenance 2,67,256.00 2,45,310.00

Internal Audit Fee & other Professional services 2,21,067.00 1,22,472.00Rent rates & Taxes 1,17,32,313.00 0.00Statutory Aaditor Remuneration 2,10,900.00 146,068.00

3,23,56,806.83 2,27,79,820.31

RESARCH AND DEVELOPMENT EXP.Trainiag 40,51,769.00 86,56,36800Tech. Development & Research Work 4,73,23600 25,22,710.00Workshop & Conference 57,70,912.00 1,59,37,14400Contrihution to Professional Bodies 2,83,978.00 5,08,698.00

105,79,895.00 2,76,24,920.00

PUBLICATION, ADVERTISM ENT AND PUBLICITYPuhlicatio2 7,96.00000 0.00

Advertisemnt & Pablicity 51,1,071.00 9,64,659.00Books, Periodicals & Audio Visual Materials 874,667.00 2,50,448.00

21,8,738.00 12,45,107.00

STAs,PTAs, AND NQMsHonorarium to NQMs 2,40,17,000.00 1,03,21,000.00Travelling Expenses ofNQMs 1,91,59,604.00 0,6,92,481.00Payment to State Technicals Agencies 4,33,54,355,00 2,60,56,596.00Development aud Maintainence of4Online Managment system 0,66,95,189.00 75,72,968&00

9,32,26,148.00 5,56,43,043.00

TECHNICAL ASSISTANCECosultancy 93,40,620.00 56,37,897.00

Capacity B0ildi5g 0.00 0.00

93,40,620.00 56,87,897.00

TOTAL 4,76,85,207.831 11,29,60,787.43

SCHEDULE-t0 WORLD BANK ASSISTANCE

Particulars 2014-15 2013-14

For Performance Audit 2,35,00,000 002 4

For Project Manageutent Consultant (WE).- Disbursed 13,25,00,000.00

For Equipment (WE) - Dishursed 39,22,53,100.00 -

TOTAL (A) 54,82,53,10.00 0.0 1

WTrld Bank Expenseso

Independent Verica tion of performance and F.A. 3,13,29,143 00 1,94,61,618 00Research & Development Exp. 5,33,49,57500 4,25,67,049.00Trainti9g 1,77,70,254.2 2,96,83,646.31

TOTAL (B) 10,24,48,972.2 9,17,2,353.31

TOTAL(A+D) 65,07,02,072.21 9,17,12,353.31

SCIIEDUEJ1- IWI EXPENSES PAYABLEParticulars 2014-15 2013-14

Cousultancy Payale 000 0,04,12900Domestic Travel ExpenTes POyaTle 0.00 0.00Electricity Expenses 0.00 87,269.00Hiring of Vehicle Payale 0.00 0.00Honorarium to NQMs 3,38,750.00 3,33,900.00Internal Audit Fee P1yahle 49,438.00 1,11,572.00Other Office Exp. Pay65l, 5,480.00 30,151.00Payment to STA Payable 0.00 1,31,66,806.00Postage Expea pnses Payable 0.00 16,176.00NMs Payahle -20.00 70,854.00Printing & Stationery Payable 0.00 0.00Repair & Maintenance Payable 1,34,696.00 34,327.00Workshop & Conference Payable 78984 00 1,43,872.00Stattory Audit Fee Payable 2,10,9000 146,068.00Telephone Office Payhle 0.00 44,234.00

Travelling Exp to NQMs 17,39,160.00 4,40,115.00

NATIONAL RURAL ROADS DEVELOPMENT AGENCY

SCHEDULES FORMING PART OF BALANCE SHEET AS AT MARCH 31st,2015

Jamrmu & Kashmir RRDA 10,00,000.00 0.00

Office maint, taxes & duties. Payable 44,544.00 0.00

TOTAL(A) 4601940.00 56 29,43.00

Salary and Allowance Payable 0.00 29,59,613.00

Leave Salary and Pension contribution Payable 6,67,235.013- 13,83,295,00

TOTAL(B) 6,67,235.00 43,42,908.00

ESTALISMEN

EXENSE

PAABL1,

56,29,4730

WORLD BANK EXPENSES PAYABLE:-

Research & Development Expenses Payable 000 17,31,876 00

Training (W B.) Expenses Payable 7,33,917.00 7,33,917.00

World Eank Expenses Payable 49,57,650.00 41,45 100.00

TOTAL(.C) 56,91,567.00 66,10,893.00

TDS EXPENSES PAYABLE:-

T.D.S. (Contractor) 46,772.005,

T.D.S. (Professional) 4,57, 127.00 5,9,45300

T.D.S. (Rent) 15,630 00 7,300.00

T.D.S. (Salary) 0.00 461 00

T TOTAL(D) 5 19,529.00 5 89,009.00

TOTAL(A+B+C+D) 1,14,80,271.00 2,71 72,283.00

SCHEDULE- 12 SUNDRY CREDITORParticulars 2014-15 203-14

Secretary General IRC 16,000.00 0.00

Shri Asit Kumar Jain 1,47,96.00 0.00

Shri Rakesh Kumar 55,442.00 0.00

Shri Shailendra Kumar Dubey 82,276.00 0.00

GTB Tour & Travels 23,33.00 0.00TOTAL 3 25,537.00 0.00

SCHEDULE- 13 SECURITY AMOUNT (EMD)Particulars 2014-15 2013-14

Automation 281.00 281.00

Eliin 144.00 144.00

Lab meex 13,184.00 13,184.00

O.A. Compserve 945.00 945.00

Carrier Air Conditioning 10,000.00 10,000.00

Remitance of Shri Rakesh Kumar 4,920.00 4,920.00

Remitance of Smt Vedula 3,7O 3,6200

Velocis System 236.00 26.00

Premier Safeguard 1,690.00 1,690.00

Progression 1,205.00 1,205.00

Provizman 3,070.00 3,070.00

RD. Enterprises 1,650.00 1,650.00

Vijay Eros 12,137.00 5,040.00jaym B95,764.00 95,764.00

Jatsam 1,58 00115,786,00G. A Digital 1,15,786.001,5760

Bhagwati Printers 35,60 00 35,60800

GTB Tour and Travel 0.00 50,000.00

Ascent 75300 753.00

Mass Management 6 00 000.00 0.00

TOTAL 9,01,093.00 3,43,996.00

SCIIEDULE-14 ADVANCE AND OTHER AMOUNTS RECOVERABLEPsarticulars204I2134

State Techinical Agencies (MoRD) P,20,000.00 60,000.00

Advance For Lab Equipments (World Bank) 4,18,843.00 4,18,843.00

Tech, Dev And Research work (MoRD) ,11500 9,79,793.00

Workshop & Conference (MoRD) 51,1,.

Research & Development 8,27,000.00 3,27,000.00

Advance for Training 14,67,000.00 20,67,000.00

Advance for Training(W.B.) 34,99,961.00 35,82,700.00

Advance of contribution to professional bodies 19,82,030,00 19,82.030.00

Lekh Rain Mehla 3,150.00

Advance Independent verification of performance and research 0.00 9,50,980.00

Advance for Repair and maintenance ( Renovation ofNew Euilding) 1,49,27,310.00 00 60,000 002,84,74,034.00 1,48,71,921.00

e-Procureme1t System (NICSI)-Recoverable 0.00 1,45,43,3 12.92

Advance for WEB. Eq8ipment 0.00 9,93,40,000.00

Advance for Project Managent Consultant WE 0.00 8,00,00,000 00

Perform3nce A4dit Consltants 0.00 0 00

Total 2,84,74,034.00 92,7,55,233.92

SCHEDULE-I3 SECURITY DEPOSITParticsulars_ 2014-15 2013-14

Ashok Tourist Service Station 14,270.00 40,000.00

M.T.N.L 79,232.00 79,232.00

SAd. Rakesh rRmar 36,400.00 36,400.00

Shri 2.K.Pateriy8 0.00 181,91.00

Total 1,29,902.0 2,06,632.00

騰

NATIONAL RURAL ROADS DEVELOPMENT AGENCY, NEW DELHI

SCHEDULE -16

SIGNIFICANT ACCOUNTING POLICIES

1. Significant Accounting Policies adopted in the presentation of the accounts are asunder:-

a. Accounting Policies (AS-1)

During the year, the agency has followed accrual accounting with applicableaccounting principles in India, the accounting standards issued by the ICAI andrelevant provisions.

b. Fixed Assets(AS-10)

Fixed assets are stated at cost less depreciation. Cost comprises cost of acquisition,cost of improvement and any attributable cost of bringing the asset to condition of itsintepded use.

c. Depreciation (AS-6)

Depreciation has been provided on written down value method at the rate asprescribed in Income Tax Act, 1961 except on mobile instruments to NQMs-The mobile instruments to NQMs have to be written off over a period of two years.

d. Grant (AS-12)

Society recognize the Specific Grant-in-Aid in the year of Expenses. Grant-in-Aid arereceived for the specific purposes i.e. Revenue and purchase of Fixed Assets. Theaccounting treatment of Revenue is recognized on a systemic basis in the Income andExpenditure Account over the period necessary to match with the related costs whichare intended to be, such grant is shown separately as Grant-in-Aid under IncomeHead,The accounting treatment of grant for the purchase of depreciable Fixed Assets isshown under capital fund. Such grant is allocated to income over the period and in theproportion in which depreciation to these assets is charged,

NATIONAL RURAL ROADS DEVELOPMENT AGENCY, NEW DELHIFor the year ending March 3 1st, 2015

SCHEDULE - 16

NOTES TO ACCOUNTS

1. National Rural Roads Development Agency is a society registered under the

Societies Registration Act on 14-01-2002. The Agency received Grant in Aid and

assistance from Ministry of Rural Development, Government of India.

2. The agency received grant from Ministry of Rural Development for payment of

interest and repayment of loan to NABARD. Details of grant received and

payment of interest and repayment of loan to NABARD are as under :-

(in Rs.)

Particular Principal Interest

Grant received 3699,56,53,738.00 460,20,00,000.00

Interest on NABARD 43,82,762.00

FDR

Loan repaid to NABARD 37,00,00,36,500.00 460,20,00,000.00

3. The Office Accommodation costing Rs. 7,88,30,479.00, is yet to be registered

before the Authority. The Sub Lease Deed is under examination in consultation

with NBCC.

4. Previous year figures have been re-grouped/ re-arranged wherever necessary:-

* Financial Statement should be prepared in the Uniform format of

Accounts for Central Autonomous Bodies as laid down in Rule 209(6)

(xiii) of General Financial Rules, 2005. Accordingly figures have been re-

grouped/ re-arranged as tabulated below:-

Previous Year

Particulars Schedule Amount(Rs.) Remarks

Capital Fund 1 3,77,93,560.05 In the Balance Sheet of

2013-14 Capital Fund

General Fund 2 1,24,12,499.38 was split into three part

Unutilized 3 19,38,83,312.00 Capital Fund, General

Fund Fund and Unutilized

Fund. Whereas, the

entire grant received

from the MoRD should

be classified under head

Capital/Corpus Fund.

Accordingly, the figures

have been regrouped

Total 24,40,89,371.43 /rearranged.

2,56,88,172.32 This was the deduction

on account of World

Bank Assistance Fund,

which has now been

Income and Expenditure added in the Schedule-5

Account in Grant in aid.

27,21,885.24 Assets purchased/sold

were shown in the

Income & Expenditure

Account which is not in

consonance with

principles of accounting

of Non Profit

Organization. This has

been removed from

Income and Expenditure

Account of previous year

figures and shown as

Deduct Revenue

Expenditure in Schedule-

1 of Capital/Corpus

Fund.

Balance Sheet 23,38,65,795.26 Loans & Advances at S1.

No. (b), (c), (d) and (e)

of previous year Balance

sheet have been clubbed

and shown under header

"Current Assets, Loans

and Advances". Cash-in-

hand and Bank Balance

have been shown

separately.

5. In the financial statement of 2013-14 depreciation amounting to Rs. 54,39,517.26

was shown as Income as well as Expenditure in the Income and Expenditure

account, which is not inconsonance with the cardinal principles of double entry.

However, in the 2014-15 depreciation has been shown as expenditure in the

Income and Expenditure Account.

6. Advance payments outstanding over the years due to non receipts of Utilization

Certificates / Related Bills are tabulated below:-

S.No. Particular Amount in (Rs.)

i. State Technical Agency(MoRD) 1,20,000.00

ii. Advance for Lab Equipment 4,18,843.00

iii. Technical Development and Research work 112725.00

(MoRD)

iv. Workshop and Conference (MoRD) 51,16,015.00

v. Research & Development 8,27,000.00

vi. Advance for Training 14,67,000.00

vii. Advance for Training (W.B.) 34,99,961.00

viii. Advance of contribution to professional bodies 19,82,030.00

ix. Lekh Ram Mehla, NQM 3150.00

x. Advance for Repair and maintenance 1,49,27,310.00

(Renovation of New office Building leased for

NRRDA)

Total 2,84,74,034.00

Explanatory Note:-

(i) Advance amounting to Rs. 60,000/- to NIT, Jamshedpur (Jharkhand) has been

refunded in the month of August, 2015 which was outstanding from the year

2006. The IIT Bhubaneswar has submitted Utilization Certificate for Rs.

60,000/- in the month of September, 2015.

(ii) An Advance of Rs. 4,18,843/- was given to Bihar Rural Roads Development

Agency for procurement of Lab Equipment in 2007-08. Utilization Certificate

from the Agency is awaited.

(iii) Advance payment of Rs. 1,10,300/- made to Indian Institute of Technology,

Madras for Rural Roads Pavement Performance Study (RRPPS) and Rs.2,425

made to Principal College of Eng. Trivandrum are pending since 2010-11.

Utilization Certificates from the aforesaid institutes are awaited.

(iv) A sum of Rs. 51,16,015/- was given as advance for workshop and conference

to the following organizations:-

Name of Organizations Year of Amount Rs.

Advance

Jammu & Kashmir Rural Roads 2005-06 2440.00

Development Agency

URRDA Dehradun 2011-12 2,37,000.00

OSRRDA, Bhubaneswar 2012-13 2,52,155.00

Himachal Pradesh Gram Sadak 2012-13 5,88,000.00

Development Agency

Indian Road Congress 2012-13 3,00,000.00

CEO, CGRRDA 2014-15 5,04,000.00

Jammu & Kashmir Rural Roads 2014-15 10,00,000.00

Development Agency

APSRRDA 2014-15 7,00,000.00

Maharshtra Rural Roads 2014-15 3,59,160.00

Development Association

IRC & LOC 2014-15 60,000.00

CRRI, New Delhi 2014-15 3,93,260.00

ASRB, Guwahati 2014-15 7,20,000.00

Total 51,16,015.00

(v) An advance of Rs.3,27,000/-was given to Indian Road Congress for Research

and Development in 2012-13. Utilization Certificate from the Agency is

awaited.

(vi) An advance Rs. 8,00,000 was given to Madhya Pradesh Rural Roads

Development Agency for Training on Mobile Based Application in 2012-13.

Utilization Certificate from the Agency is awaited.

(vii) Out Rs. 63,500/- an advance of Rs. 50,000/- was given to NPCC and

Rs.13,500/-was given to Tata Communication for organizational training in

2012-13. Utilization Certificate are awaited.

(viii) Advance amount Rs. 19,82,030/- was given to C.R.R.I, New Delhi for

Preparation of Data - Base of Conventional/Waste/Marginal Materials for

Construction of Embankment and Pavement Layers in 2013-14. Details of

expenditure are yet to be furnished.

(ix) Rs. 3150/- has been recovered from NQM in May, 2015.

(x) An advance of Rs. 1,49,27,310/- was given to NPCC Ltd. for renovation of

office premises at August Kranti Bhawan in three installments (Rs.

51,98,486+Rs.45,30,338+Rs.51,98,486/-). Bill of Quantities and final bill

have not been submitted by the NPCC Ltd.

For Agarwal A Kumar & Associates For National Rural Roads Development Agency

Chartered Accountants

Char red

CA 1 (Anjali Singh) (Rajesh Bhushan)

(Partner) Director (F&A) Director General

Place: ChandigarhDated: 0911015-