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 by uqs23775

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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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