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LIC MUTUAL FUND ASSET MANAGEMENT CO. LTD.
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
Consolidated Trial Balance as on 31ST MARCH 2009
CODE PARTICULARS DEBIT CREDIT
Share Capital & Reserves
1110 Genral Reserve - 369,640,000.00
1111 Surplus / Deficit Account - 48,943,562.40
1003 Share Capital - 100,000,000.00
- 518,583,562.40
Current Liabilities & Provisions
1185 Other Outstanding Expenses - 54,456,658.19
1188 Retention Money - 80,158.00
1197 SERVICE TAX PAYABLE - 5,140,820.45
1198 Education Cess Payable a/c. - 39,573.00
1199 Higher Education Cess Payable a/c. - 19,788.00
1200 Income Tax Payable - 217,411.00
1251 Cheque Cancelled - 5,735,620.62
1260 LICMF Current Account - 51,041,398.30
1552 Profession Tax - 440.00
1571 Mediclaim - 94,818.69
TDS on
1575 contarctor/Sub Cont - 18,249.00
1650 Provision For Tax - 218,100,000.00
1652 Provision For Leave Encashment - 6,330,802.00
PROVISION FOR FRINGE
1654 BENEFIT TAX - 4,344,003.00
1655 Deffered Tax Liability Net - 383,358.00
Provision for Fradulent
1656 Encashment - 3,116,565.00
1563 0003 Other Deduction-SL1 - 46,115.78
TDS CONTRACT-
1576 0001 194C - 26,570.17
1576 0002 TDS RENT-1941 - 87,263.65
TDS
PROFESSIONAL-
1576 0003 194C - 181,193.16
TDS PUBLICITY-
1576 0005 194C - 24,876.45
Provision for Gratuity
- 349,485,682.46
Fixed Assets
4001 Furniture & Fittings 4,223,239.50
4002 Canteen Equipments 2,594.47 -
4005 Typewriters -
4006 Refrigrators 499,717.45 -
4007 Computer/Micro Processor 10,948,878.55 -
4008 Perpetual License 5,445,326.00
4009 Weighing Machines 2.96
4010 Water Cooler 7,984.54
4011 Xerox,Duplicators,Stencil 13,966.12
4012 Pedestal Fans 6.00
4013 Library Books 8.00
4014 Franking Machines 0.50
4015 Motor Car 1,140,309.00
4016 Work in Progress 15,575,558.00
4022 Modernisation of Office
4021 Misc - Capital Equipment 2,039,293.25 -
39,896,884.34 -
Investments
1012 Inv Eq Union Bank
3112 LICMF Floating Rate 64,228,309.42
3113 LICMF Growth Fund 77,300,000.00
3117 LICMF NIFTY A/C 33,877,150.75
3118 LICMF EQUITY A/C 15,000,000.00
3120 LICMF LIQUID PLUS 155,011,422.00
LICMF FLOATER MIP
3121 PLAN A 20,000,000.00
LICMF BALANCED
3122 FUND 10,000,000.00
LICMF SAVINGS
PLUS FUND
3123 (GROWTH FUND 95,000,000.00
LICMF SAVINGS
PLUS FUND
3124 (MONTHLY OPTION) 2,626,707.59
3111 0985 Inv -LICMF- Liq Fund 104,916,665.67
HOME SOLUTIONS
3131 9048 RETAIL (I) LTD. 200,000,000.00
IIFCL TAX FREE
3131 9049 BONDS 10,000,000.00
787,960,255.43 -
Current Assets
3081 LIC Current Account(C.O) - 17,942.69
DUE FROM AMC on
3097 Delayed payment
3475 Deposit with BEST 415,278.00 -
3531 Advance To Others 1,241,772.42 -
3551 Sundry Advance 3,645,112.00 -
3553 Other Advance To Employee 2,844,060.03 -
3554 Advance Travelling Exp 12,259.00 -
3559 Advance from Mediclim premium
3565 Advance Mediclaim-Orienta
3601 Sundry Recoveries 600,500.00 -
3602 Sundry Deposit Recoverable 160,517.00 -
3603 Service Tax Credit Receiveable 637,929.39 -
Advance Fringe
3609 Benefits Tax 4,334,879.00 -
Advance Income Tax
3610 (2005-2006)
3611 Advance Income Tax 82,100,000.00 -
3612 Advance Income Tax Salary 117,782.00 -
3613 TDS On Management Fees157,997,646.32 -
3615 Income Tax Refund Receiva 13,626,330.34 -
3616 Deferred Tax Asset 1,215,658.00 -
3725 Corporate Office A/c - -
4003 Telephone -O.Y.T 50,409.00 -
4004 Telephone Deposit ( Gene 4,160.00 -
4025 Prepaid Expenses 228,856.00 -
4105 3
Management Fees Receivabl 6,032,073.37 -
4122 Accrued Interest 56,301.37 -
4901 Suspense account - 274,286.00
4941 Suspense salary
3200 001 Recovery from Karvy 95,603.57 -
3200 003 Recoverable from NIF 62,561.18 -
3750 0002 Salary Other Ded 629.00 -
305,480,316.99 292,228.69
Cash & Bank Balances
cash
3100 Imprest Cash 48,944.00 5,683.00
3101 Stamps on Hand 4,115.00 -
3102 Cheque-in-transit
3014 HDFC BANK-BANGALORE
3014 BANK OF INDIA-KANPUR
3014 HDFC BANK-INDORE
3014 CORPORATION BANK-HYDERABAD
3014 CENTRAL BANK-KOLKATTA
3014 AHMEDABAD
3014 NASIK
3014 ERNAKULAM
3014 HDFC BANK-DELHI
3014 UTI BANK-CHENNAI
3014 PATNA
3014 GOA
3020 Union Bank A/c - Group Gr
3029 66,844,045.74
ICICI Bank Ltd & Union Bank -
4026 AMFI Publicity Material 111,300.00 -
67,008,404.74 5,683.00
Direct Income
7131 Interest On Bonds - 56,301.37
7160 DividendShares & Units - 126,707.59
7185 Management Fees from NIF - 8,817,632.00
7199 Other Interest 2,764,269.38 0.00
7251 Other Receipts - 887,509.46
7252 Cheque Cancelled written Back - 146,297.44
7500 Management & Advisory F - 719,512,899.42
Profit /Loss On Sale
8101 of Shares
8111 P/L On LICMF-Units - 26,862,976.00
Profit on Redemption
8112 of Bonds - 24,931,507.00
P/L-Sale Of Fixed
8151 Assets - 124,817.00
2,764,269.38 781,466,647.28
Direct Expenses
3453 Insurance Premium for Pcs
5001 Conveyance 1,715,813.94 -
5002 Fax charges 10,536.00 -
5003 Appeal Fees
5011 Printing & Stationery 3,875,324.90 -
5021 Postage ,Telegram & Couri 7,047,685.65 -
5031 Publicity Expenses 24,969,041.23 -
5033 Insurance Premium- Child 375,517.81 -
5100 Commission to Agents 60,446,269.01 -
5111 Incentive to Agents 122,229,224.94 -
5112 Incentive to RMS 116,849.00 -
6001 Computer Charges 2,294,420.77 -
6002 Legal Charges 792,010.00 -
6003 Recruitment Expenses 491,841.50 -
6004 Bank Charges 76,965.72 -
6005 Training Expenses 151,115.00 -
6006 Fees to Board Members 160,000.00 -
6007 Audit Fees 100,000.00 -
6008 Internal Audit Fees 85,000.00 -
Excess/Short
6009 Provision 1,370.00 -
6010 Professional Tax
6012 TE & Other Board Expenses 706,883.50 -
6013 Transfer T.E 281,431.00 -
6014 1
Insurance Premium For Computer 2,784.00 -
6015 Seminar/Meeting/Conferenc 2,409,456.00 -
6016 Insurance Premium For Agents
Interest on
6017 repurchase
6018 Professional Fees 7,544,714.00 -
6019 Out of Pocket Exp-Auditor
6020 Service Fees To SEBI 2,054.54 -
6097 Reimb -Tea /Coffe-Class I 199,644.00 -
6098 Tea /Coffee - Staff 425,580.50 -
6099 Miscellaneous Expenses 897,009.73 -
6101 Perodicals & Journals 269,222.40 -
6102 Computer Stationery 232,196.00 -
6103 Canteen Expenses 19,887.00 -
6104 Office Upkeep 3,192,299.00 -
6105 Shifting Expense 6,450.00 -
6107 Telephone Charges 3,643,610.25 -
6108 Sundary Office Equipment 20,961.00 -
6109 Repairs to Furniture/Off- 79,944.00 -
6110 Rent,Rates,Taxes For Prem 21,808,965.00 -
6111 Library Expenses
6114 Electricity Expenses 3,774,505.20 -
6115 Maintainance Charges For 1,733,330.00 -
6116 Binding Charges 15,792.00 -
6117 INSURANCE CHARGES 10,400.00 -
6118 RENEWAL CHARGES 10,400.00 -
6120 Service Contract Charges 465,765.40 -
6121 Rental Chg- Business Watc 4,018,889.00 -
6130 Donation
6550 Basic Pay-Officers 16,836,219.00 -
6551 Basic Pay -Staff 10,863,477.62 -
6552 Basic Pay - Sub Staff - -
6553 Remuneration to Chief Age 9,833,534.00 -
6555 Other Allowances -Officer 19,164,695.84 -
6556 Other Allowances-Staff 20,274,204.87 -
6557 Other Allowances -Sub Sta 35,340.00 -
6558 Fixed Conveyance Allowanc 10,125.00 -
6559 Over Time 12,472.00 -
6560 PF -Employers Contributio 1,037,135.00 -
6562 Other Staff Welfare Ameni 4,079,455.98 -
6564 Mediclaim -LICMF Contribu 546,517.38 -
6566 Short Remittances - 39.85
6567 Gratuity to Employees 1,151,881.24 -
6568 Employers Cont Pension Fund 833,907.00 -
ex gratia to
6569 employees
6570 Lease Accomodation Rent 972,858.49 -
6576 Fixed Personnel Allowanc 40,179.33 -
6601 Travelling Expenses 3,243,133.50 -
6602 Motor Car Running Expense 2,630,572.00 -
6603 LTC 113,297.00 -
6604 Entertainment Expenses 307,394.25 -
6606 Encashment Of Previlege L 4,512,153.26 -
6608 Encashment of Casual Leav 231,717.00 -
6610 Motor Car Running Ex 433,616.00 -
6801 Revenue Stamps 710.00 -
6804 DEPRECIATION 8,450,466.00 -
6805 Prior Period Expense 327,339.00 -
6854 Ins Premium-Officers Liab 148,221.00 -
6855 Registration Fees 472,996.00 -
6856 Processing Fees 220,000.00 -
6858 Premium For Ins of Machin 27,931.00 -
6865 Filing Fees To Central Go 168.00 -
6866 Scheme Filing Fees 8,525,453.00 -
6875 AMFI Fees 600,000.00 -
6876 Excess/ Short Provision of I. Tax462,141.00 -
6996 Internet /E-Mail Exp 878,588.51 -
6998 Scheme Expenses 51,524,879.25 -
63010001 LICMF AMC A/C. NIF A-BROKERAGE
63010002 LICMF AMCN A/C NIF CUSTODY CHARGES
63010003 LICMF AMC A/C. NIF1 FUND A/CING CHARGES
63010005 LICMF AMC A/C. NIF1 STT
63020003 LICMF AMC NIF2 Accounding Charges
6100 01 Redemption on delayed payment
6100 02 Interest on Delay Payment 989,111.29 -
6301 0004 LICMF AMC A/C. NIF PROFESSIONAL FEES
6302 0001 LIC MF NIF 2 BROKERAGE
6302 0002 LICMF AMC NIF2 Custody Charges
6302 0005 LIC MF NIF2 STT
6603 0001 LTC class I 197,364.00 -
6603 0002 LTC class II 5,186.00 -
6603 0003 LTC class III 561.00 -
6901 0001 Registrars Expenses
6901 0002 Incentives To Agents
Scheme Postage
6951 0014 Expenses
6951 0016 Legal Charges 7,553.00 -
446,723,712.80 39.85
6403 P&L
GRAND TOTAL 1,649,833,843.68 1,649,833,843.68
-
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
AS AT AS AT
31-03-2009 31-03-2008
Rs. Rs.
Current Assets, Loans & Advances
Advances Recoverable in Cash or in Kind
3475 DEPOSIT WITH B.E.S.T. 415,278 415,278
4003 TELEPHONES - O.Y.T. 50,409 51,740
4004 TELEPHONE DEPOSIT (GENERAL) 4,160 4,160
3531 ADVANCE TO OTHERS 1,241,772 7,481,442
3551 SUNDRY ADVANCE 3,645,112 870,049
3553 OTHER ADVANCES TO EMPLOYEES 2,844,060 1,426,997
3554 ADVANCE TRAVELLING EXPENSES 12,259 39,590
3558 ADVANCE FOR COMPUTER/MICRO - 0
3559 ADVANCE FOR MEDICLAIM PREMIUM - 48,775
3097 DUE FOR DELAYED PAYMENT - 0
3200 001 RECOVERY FROM KARVY 95,604 64,475
3200 003 RECOVERABLE NIF EXPENSES 62,561 1,370,976
4941 SUSPENCE SALARY - 0
3601 Sundry Recoveries 600,500
3602 SUNDRY DEPOSITS RECOVERABLE 160,517 382,100
3612 ADVANCE INCOME TAX SALARIES 117,782 117,782
3603 SERVICE TAX CREDIT RECEIVABLE 637,929 370,974
1551 Income Tax
3725 Corporate Office A/c
3750 0002 Salary Other Ded 629 0
4025 PREPAID EXPENSES 228,856 1,048,928
4122 Accrued Interest 56,301
10,173,730 13,726,742
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
AS AT AS AT
31-03-2009 31-03-2008
Rs. Rs.
Current Liabilities
1260 LICMF CURRENT ACCOUNT 15,009,325 44,730,540
15,009,325 44,730,540
Other Liabilities
3081 LIC CURRENT ACCOUNT (C.O.) 17,942 33,476
1185 OTHER OUTSTANDING EXPENSES 54,456,658 34,633,080
1188 RETENTION MONEY 80,158 -
1251 CHEQUES CANCELLED A/C 5,735,621 3,804,340
1197 SERVICE TAX PAYABLE 5,140,820 7,328,087
1198 EDUCATION CESS PAYABLE 39,573
1199 HIGHER EDUCATION CESS PAYABLE 19,788
1200 Income Tax Payable 217,411
1576 TDS 338,152
1563 0003 OTHER DEDUCTIONS 46,116 -
1571 MEDICLAIM 94,819 -
1552 PROFESSIONAL TAX 440
Provision for Gratuity 346,694
1652 LEAVE ENCASHMENT 6,330,802 2,009,303
4901 SUSPENCE ACCOUNT 274,286 0
73,139,281 47,877,370
Bank Balances 31-03-2009 31-03-2008
3014 AREA OFFICE BANK ACCOUNTS (NET) - 639,064
3020 BANK A/C - GROUP GRATUITY SCHEME - 0
3029 ICICI BANK LTD 66,844,046 60,961,009
66,844,045 61,600,073
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
BALANCE SHEET AS AT 31 ST MARCH 2009
SCH AS AT 31-3-09 AS AT 31-03-08
Rs. Rs. Rs. Rs.
SOURCE OF FUNDS
SHARE HOLDERS FUNDS
( a ) CAPITAL A 100,000,000 100,000,000
( b ) RESERVES AND SURPLUS B 690,568,092 529,467,902
( c ) DEFFERED TAX LIABILITY 317,679 383,358
TOTAL 790,885,771 629,851,260 1
APPLICATION OF FUNDS
FIXED ASSETS
( a ) GROSS BLOCK C 61,329,579 45,219,783
( b ) LESS : DEPRECIATION 37,008,253 28,660,556
( C ) NET BLOCK 24,321,327 16,559,227
CAPITAL WORK-IN-PROGRESS 15,575,558 4,500,000
INVESTMENTS D 787,960,255 621,470,572
CURRENT ASSETS, LOANS AND
ADVANCES E
( 1 ) INVENTORY 111,300 87,000
( 2 ) SUNDRY DEBTORS - 2,924,017
( 3 ) CASH & BANK BALANCE 66,891,422 61,660,843
( 4 ) OTHER CURRENT ASSETS - -
( 5 ) LOANS & ADVANCES 268,232,585 260,095,518
335,235,306 324,767,378
LESS : CURRENT LIABILITIES AND
PROVISIONS F
( 1 ) LIABILITIES 88,148,607 92,607,910
( 2 ) PROVISIONS 284,058,068 244,838,007
372,206,675 337,445,917
NET CURRENT ASSETS (36,971,369) (12,678,539)
TOTAL 790,885,771 629,851,260
SCHEDULES A TO F ANNEXED HERETO FORM AN INTEGRAL PART OF THE BALANCE SHEET
NOTES TO ACCOUNTS AND SIGNIFICANT ACCOUNTING POLICIES : SCHEDULE "L"
AS PER OUR REPORT OF EVEN DATE ATTACHED.
FOR CHATURVEDI & CO. FOR AND ON BEHALF OF BOARD OF DIRECTORS OF
CHARTERED ACCOUNTANTS LIC MUTUAL FUND ASSET MANAGEMENT CO. LTD.
D.S.R.MURTHY
PARTNER CHAIRMAN CHIEF EXECUTIVE DIRECTOR
OFFICER
PLACE : MUMBAI
DATE :15/06/2009 COMPANY SECRETARY Dy. GEN. MANAGER
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2009
SCH 01-04-2008 TO 01-04-2007 TO
31-03-2009 31-03-2008
Rs. Rs.
INCOME
MANAGEMENT FEES (GROSS) 728,330,531 387,633,156
INTEREST AND DIVIDEND G 3,083,988 19,105,678
PROFIT ON MATURITY OF BONDS 24,931,507 -
PROFIT ON SALE OF MF Units 26,862,976 39,865,024
PROFIT/LOSS ON SALE OF SHARES - 11,267,298
PROFIT/LOSS ON SALE OF FIXED ASSETS 124,817 1,000
MISCELLANEOUS INCOME H 1,033,807 475,297
TOTAL 784,367,626 458,347,453
EXPENDITURE
PUBLICITY EXPENSES 24,969,041 12,085,957
SALARY AND BENEFITS TO EMPLOYEES I 87,563,390 54,636,565
ADMINISTRATIVE EXPENSES J 262,457,875 128,614,479
OTHER EXPENSES K 11,315,237 15,454,899
DEPRECIATION 8,450,466 3,301,651
SCHEME EXPENSES 51,524,879 52,030,195
PROFIT CARRIED FORWARD 338,086,738 192,223,707
TOTAL 784,367,626 458,347,453
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE A: SHARE CAPITAL
AS AT AS AT
31-03-2009 31-03-2008
Rs. Rs.
AUTHORISED
25,000 EQUITY SHARES OF Rs.10,000/- EACH 250,000,000 250,000,000
ISSUED, SUBSCRIBED & PAID UP
10,000 EQUITY SHARES OF Rs 10,000 EACH 100,000,000 100,000,000
FULLY PAID UP
TOTAL 100,000,000 100,000,000
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE B : RESERVES AND SURPLUS
AS AT AS AT
31-03-2009 31-03-2008
Rs. Rs. Rs. Rs.
GENERAL RESERVE
OPENING BALANCE 369,640,000 329,640,000
TRANSFERRED FROM PROFIT & LOSS A/C 50,000,000 419,640,000 40,000,000 369,640,000
BALANCE IN PROFIT & LOSS ACCOUNT 270,928,092 270,928,092 159,827,902 159,827,902
690,568,092 529,467,902
LIC MF ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE C : FIXED ASSETS (2008-2009) (In Rupees)
HEAD OF ACCOUNT Rate GROSS BLOCK DEPRECIATION NET BLOCK
of Opening Additions Deletions Total Cumulative For the Year On Cumulative As on As on
Depn Balance as on During the During the As at Upto 31.03.08 On Op. Bal On On Total Assets upto 31.03.09 31-Mar-09 31-Mar-08
% 4/1/2008 Year Year 3/31/2009 Additions Deductions 3/31/2009 sold/Adj
FURNITURE 10 9018980 3927657 0 12946636 7599360 901898 222140 1124038 0 8723398 4,223,238.50 1419619
CANTEEN EQUIPMENT 10 31485 800.00 0 32285 25742 3149 799.00 3948 0 29690 2,595.50 5740
MOTOR CAR 20 0 1365877.00 0 1365877 0 225568.00 225568 0 225568 1,140,309.00 0
REFRIGERATORS & A/Cs 10 2280507 159594 0 2440101 1698097 228051 14236 242287 0 1940384 499,717.30 582410
COMPUTERS 30 29453154 2664544 0 32117698 16921594 3695613 551612 4247225 0 21168819 10,948,878.55 12531559
WEIGHING MACHINES 10 3 0 0 3 0 0 0 0 0 2.93 3
WATER COOLER 10 69877 8850 0 78727 63502 6374 866 7240 0 70742 7,984.54 6374
XEROX & DUPLICATERS 10 452238 4396.00 0 456634 393053 45224 4390.00 49614 0 442667 13,967.20 59185
PEDASTAL FANS 10 87719 6590 0.00 94309 87716 0 6587 6587 0 94303 6.00 2
FRANKING MACHINES 10 0 0 0 0 0 0 0 0 - 0
MISC CAPITAL EQUIP 10 3723055 531446 8850 4245651 1768723 371420 66214 437634 0 2206357 2,039,293.05 1954333
PERPETUAL LICENCE 30 0 7540000 7540000 0 2094674 2094674 2094674 5,445,326.00 0
LIBRARY BOOK 0 11659 11659 0 11651 11651 11651 8.00
TOTAL 45117016 16221413 8850 61329579 28557787 5251729 3198737 0 8450466 0 37008253 24321327 16559225
PREVIOUS YEAR 27401498 376679 27312 27401498 23686647 3000695 115546 602 3116842 23693 23686647 3714851 6458633
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE D : INVESTMENTS
AS AT AS AT
31-03-2009 31-03-2008
C. UNITS OF MUTUAL FUND
LONG TERM
LICMF GROWTH FUND GROWTH PLAN - 8339256.88 UNITS 77,300,000.01 77,300,000
(Net Asset Value Rs.54984056.31 )
LICMF EQUITY FUND GROWTH PLAN - 701547.61 UNITS 15,000,000.00 15,000,000
(Net Asset Value Rs.10142975.40)
LICMF INDEX FUND -NIFTY- DIVIDEND PLAN -2258733.78 UNITS 33,877,150.74 33,877,151
(Net Asset Value Rs.14375937.03)
LICMF LIQUID FUND - GROWTH PLAN - 7068996.81 UNITS 104,916,665.37 125,565,112
(Net Asset Value Rs.113649675.55)
LICMF FLOATING RATE FUND -SHORT TERM PLAN - GROWTH PLAN - 64,228,308.99 35,728,309
4958834.77 UNITS ( Net Asset Value Rs.71062581.6)
LICMF FLOATER MIP PLAN A- GROWTH PLAN - 1308917.66 UNITS 20,000,000.00 20,000,000.00
(Net Asset Value Rs.19128915.3)
LICMF BALANCED FUND - GROWTH PLAN -133794.3 UNITS 10,000,000.00 10,000,000.00
(Net Asset Value Rs.5179070.28)
SHORT TERM
LICMF LIQUID PLUS - 13773042.38 units - face value of Rs.10/- each 155,011,421.99 104,000,000.00
(Net Asset Value Rs.161738213.91)
LICMF SAVINGS PLUS FUND (GROWTH OPTION) 6918023.08 UNITS 95,000,000.00
(Net Asset Value Rs.95964048.9)
LICMF SAVINGS PLUS FUND (MONTHLY OPTION) 262224.18 UNITS 2,626,707.58
(Net Asset Value Rs.2640518.79)
HOME SOLUTIONS PVT. LTD.(Un Quoted) 200,000,000.00 200,000,000.00
IIFCL TAX FREE BONDS ( Un Quoted ) 10,000,000.00
787,960,254.67 621,470,571.84
Total Market Value as on 31.03.2009- Rs 548865993.06
(excluding Home solutions p.Ltd. & IIFCL Tax Free Bonds)
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE E : CURRENT ASSETS , LOANS AND ADVANCES
AS AT 31-03-2009 AS AT 31-03-2008
Rs. Rs. Rs. Rs. Rs. Rs.
( a ) CURRENT ASSETS
1.INVENTORY
STOCK OF AMFI BOOKS ( AT COST ) 111,300 87,000
111,300 87,000
2. SUNDRY DEBTORS , UNSECURED CONSIDERED
GOOD LESS THAN SIX MONTHS
MANAGEMENT FEES RECEIVABLE - - 2,924,017 2,924,017
3. CASH AND BANK BALANCES
CASH ON HAND 43,261 56,640
BALANCES WITH SCHEDULED BANKS IN CURRENT A/C 66,844,045 61,600,073
STAMPS ON HAND 4,115 66,891,422 4,130 61,660,843
4. OTHER CURRENT ASSETS - UNSECURED
CONSIDERED GOOD
( b ) LOANS AND ADVANCES
( UNSECURED CONSIDERED GOOD )
1. ADVANCES RECOVERABLE IN CASH OR 10,173,730 13,726,742 0
IN KIND OR FOR VALUE TO BE RECEIVED
2. ADVANCE INCOME TAX 82,100,000 131,900,000
TAX DEDUCTED AT SOURCE 157,997,646 240,097,646 102,543,302 234,443,302
3. ADVANCE FRINGE BENEFITS TAX 4,334,879 3,601,000
4.INCOME TAX REFUND RECEIVABLE 13,626,330 268,232,585 8,324,474 260,095,518
(NET OF REFUNDS RECEIVED)
335,235,306 324,767,378
LIC MUTUTAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE F : CURRENT LIABILITIES AND PROVISIONS
AS AT AS AT
31-03-2009 31-03-2008
Rs. Rs.
( a ) CURRENT LIABILITIES
SUNDRY CREDITORS 15,009,325 44,730,540
OTHER LIABILITIES 73,139,281 47,877,370
88,148,607 92,607,910
( b ) PROVISIONS
PROVISION FOR TAXATION 218,100,000 203,313,402
PROPOSED DIVIDEND 50,000,000 30,000,000
TAX ON DIVIDEND 8,497,500 5,098,500
1656 PROVISION FOR CONTINGENCIES 3,116,565 3,116,565
PROVISION FOR FRINGE BENEFIT TAX 4,344,003 3,309,540
284,058,068 244,838,007
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE G : INTEREST AND DIVIDEND
01-04-2008 TO 01-04-2007 TO
31-03-2009 31-03-2008
Rs. Rs.
TAXABLE
Other Interest 2,900,979 14,767,487
TAXFREE
Interest On Bonds 56,301
DIVIDEND ON LIC MF UNITS 126,708 4,338,191
DIVIDEND-SHARES - 0
3,083,988 19,105,678
Schedule H - Miscellaneous Income
OTHER RECEIPTS 887,509 475,297
CHEQUE CANCELLED WRITTEN BACK 146,297
1,033,807 475,297
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE I : SALARIES AND BENEFITS TO EMPLOYEES
01-04-2008 TO 01-04-2007 TO
31-03-2009 31-03-2008
Rs. Rs.
6550 BASIC PAY - OFFICERS 16,836,219 14,924,601
6551 BASIC PAY - STAFF 10,863,478 7,117,963
6552 BASIC PAY - SUBSTAFF - 0
6555 OTHER ALLOWANCES - OFFICERS 19,164,696 9,658,853
6556 OTHER ALLOWANCES - STAFF 20,620,899 7,261,109
6557 OTHER ALLOWANCES - SUB STAFF 35,340 129,201
6558 FIXED CONVEYANCE ALLOWANCE 10,125 16,158
5112 INCENTIVE TO RELATIONSHIP MANAGERS 116,849 2,883,151
6559 OVER TIME 12,472 0
6560 P F - EMPLOYERS CONTRIBUTION 1,037,135 889,686
6562 OTHER STAFF WELFARE AMENITIES 4,079,456 2,375,937
6564 MEDICLAIM - LICMF CONTRIBUTION 546,517 223,849
6566 SHORT REMITTANCES -
6567 GRATUITY TO EMPLOYEES 1,151,881 967,728
6569 EX-GRATIA TO EMPLOYEES - 250,000
6568 EMPLOYERS CONT PENSION FUND 833,907 719,145
6570 LEASE ACCOMODATION RENT 972,858 816,493
6576 FIXED PERSONNEL ALLOWANCE 40,179 25,120
LEAVE ENCASHMENT ENTITLEMENT
6601 TRAVELLING EXPENSES 3,243,134 3,701,022
6602 MOTOR CAR RUNNING EXPENSES 2,630,572 1,289,480
6603 LEAVE TRAVEL CONCESSION 316,408 523,710
6604 ENTERTAINMENT EXPENSES 307,394 247,611
6606 ENCASHMENT OF PREVILEGE LEAVE. 4,512,153 513,714
6608 ENCASHMENT OF CASUAL LEAVE 231,717 102,034
87,563,390 54,636,565
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
SCHEDULE J : ADMINISTRATIVE EXPENSES
01-04-2008 TO 01-04-2007 TO
31-03-2009 31-03-2008
Rs. Rs.
5001 CONVEYANCE 1,715,814 1,289,219
5002 FAX CHARGES 10,536 1,253
5003 APPEAL FEES - -
5011 PRINTING & STATIONERY 3,875,325 4,504,258
5021 POSTAGE,TELEGRAM & COURIER 7,047,686 6,704,172
5033 INSURANCE PREM- CHILD FUND 375,518 195,281
5100 COMMISSION / INCENTIVE TO AGENTS 192,509,028 77,543,271
6001 COMPUTER CHARGES 2,294,421 3,192,790
6002 LEGAL CHARGES 792,010 30,300
6003 RECRUITMENT EXPENSES 491,842 183,903
6004 BANK CHARGES 76,966 71,194
6005 TRAINING EXPENSES 151,115 640,404
6006 SITTING FEES TO BOARD MEMBERS 160,000 150,500
AUDIT FEES
6007 STATUTORY AUDIT FEES 100000 75,000
TAX AUDIT FEES 25,000
TOTAL 100,000 100,000
6008 INTERNAL AUDIT FEES 85,000 75,000
6010 PROFESSIONAL TAX - 1,000
6012 T E & OTHER BOARD EXPENSES 706,884 569,200
6013 TRANSFER T.E. 281,431 192,777
6014 INSURANCE PREMIUM FOR COMPUTER 12,784 41,672
INSURANCE PREMIUM FOR AGENTS - 44,562
6015 SEMINAR/MEETING/CONFERENCE EXP 2,409,456 4,283,701
6018 PROFESSIONAL FEES 7,544,714 1,403,470
OUT OF POCKET EXP- AUDITORS - 5,068
6020 SERVICE FEES TO SEBI 2,055
6097 REIMB. - TEA/COFFEE - CLASS I 199,644 254,118
6098 TEA/COFFEE - STAFF 425,581 347,382
6099 MISCELLENEOUS EXPENSES 897,010 813,972
6100 02 Interest on Delay Payment 989111
6108 SUNDRY OFFICE EQUIPMENT 20,961 6,234
6009 EXCESS/SHORT PROVISION 1,370 -
6101 PERIODICALS AND JOURNALS 269,222 242,961
6102 COMPUTER STATIONERY 232,196 245,830
6103 CANTEEN EXPENSES 19,887 16,444
6104 OFFICE UPKEEP 3,192,299 2,722,921
6105 SHIFTING EXPENSES 6,450
6107 TELEPHONE CHARGES 3,643,610 3,468,046
6109 REPAIRS TO FURNITURE/OFF.EQP. 79,944 1,401,924
6110 RENT,RATES,TAXES FOR PREMISES 21,808,965 8,876,720
LIBRARY EXPENSES - 7,080
6114 ELECTRICITY EXPENSES 3,774,505 3,259,513
6115 MAINTENANCE CHARGES FOR P.C. 1,733,330 1,261,848
6566 SHORT REMITTANCES (40) (0)
6116 BINDING CHARGES 15,792 26,023
6117 INSURANCE CHARGES 10,400
6118 RENEWAL CHARGES 10,400
3453 INSURANCE CHARGES - 2,295
6120 SERVICE CONTRACT CHARGES 465,766 293,051
6121 RENTAL CHARGES-BUSINESS WATCH 4,018,889 4,145,122
262,457,875 128,614,479
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
Schedule K - Other Expenses
01-04-2008 TO 01-04-2007 TO
31-03-2009 31-03-2008
Rs. Rs.
6610 MOTOR CAR RUNNING EXP 433,616 174,868
6801 REVENUE STAMPS 710 200
6854 INS PREMIUM-OFFICERS LIABILTY 148,222 195,502
6855 REGISTRATION FEES 472,996 0
6856 PROCESSING FEES 220,000
6858 PREMIUM FOR INS OF MACHINE ETC 27,931 19,012
6865 FILING FEES TO CENTRAL GOVT. 168 5,443
6130 DONATION - 0
6866 SCHEME FILING FEES 8,525,453 13,021,377
6951 0016 LEGAL CHARGES 7,553 29,000
6875 AMFI-MEMBERSHIP FEE 600,000 402,250
6901 0001 REGISTRAR EXPENSES -
6100 EXPENSES ON DELAYED SETTLEMENT 938,397
6996 INTERNET/E-MAIL EXP 878,589 668,850
11,315,237 15,454,899
LIC MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED
(FORMERLY JEEVAN BIMA SAHAYOG ASSET MANAGEMENT COMPANY LTD.)
BALANCE SHEET ABSTRACT AND A COMPANY'S GENERAL BUSINESS PROFILE
I REGISTRATION DETAILS
REGISTARATION NO 11-77858 STATE CODE 11(REFER CODE LIST)
BALANCE SHEET 31 3 2009
DATE MONTH YEAR
II CAPITAL RAISED DURING THE YEAR ( AMOUNT IN RS CRORES)
PUBLIC ISSUE NIL RIGHTS ISSUE NIL
III POSITION OF MOBILISATION
AND DEPLOYMENT OF FUNDS (AMOUNTS IN RS CRORES)
TOTAL LIABILITIES 79.09 TOTAL ASSETS 79.09
SOURCES OF FUNDS
PAID UP CAPITAL 10 RESERVES & SURPLUS 69.06
SECURED LOANS NIL UNSECURED LOANS NIL
APPLICATION OF FUNDS
NET FIXED ASSETS 2.43 INVESTMENTS 78.80
NET CURRENT ASSETS -3.70 MISC EXPENDITURE NIL
ACCUMULATED LOSSES NIL
IV PERFORMANCE OF COMPANY(AMOUNT IN RS CRORES)
TURNOVER (GROSS) 78.44 TOTAL EXPENDITURE 44.63
+/- PROFIT/LOSS BEFORE TAX 33.81 +/- PROFIT/LOSS AFTER TAX 21.96
(PLEASE TICK APPROPRIATE BOX = FOR PROFIT - FOR LOSS)
EARNINGS PER SHARE IN RS 21,960 DIVIDEND @ 50%
V GENERIC NAMES OF THREE PRINCIPAL PRODUCTS /SERVICES OF COMPANY
(AS PER MONETARY TERMS)
ITEM CODE NO (ITC CODE)
PRODUCT DESCRIPTION : ASSET MANAGEMENT COMPANY
FOR CHATURVEDI & CO. FOR AND ON BEHALF OF BOARD OF DIRECTORS OF
CHARTERED ACCOUNTANTS LIC MUTUAL FUND ASSET MANAGEMENT CO. LTD.
D.S.R.MURTHY
PARTNER CHAIRMAN CHIEF EXECUTIVE OFFICER DIRECTOR
PLACE : MUMBAI
DATE :15/06/2009 DY. GEN. MANAGER COMPANY SECRETARY
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