'SB Alumni Association |Reg.No:1908-0F-2012) Balance sheet as at 31 March 2016 Amount Re. Avat31 March As at 31 March 2015 Particulars Schedule oie Source of Funds Corpus fur 2 68,199,772 53,194,882 Total (99,772 5 Application of Funds Fined assets Tanaible asiets 3 77,552 30,089 Intangble assets 3 12,466 14,013, 30,008 Current assets, leans & advances Recievabe from 158 4 69,270,758 9,033,150 (Cash & bank balances, 5 164,657 478.814 Other current assets 6 77,200 737679, 35,589,164 Less : Current Liabilities & provisions Liabilities 7 3,267,081 2,438,384 Net current assets Te 07 Total ear 33,194,882 Signinicant Accourting polices 1 ‘The schedules referred to above are an integral part ofthe Balance sheet. For MISK & Aszociator For ard on behalf of the Members of Chartered Accountants 198 alumni Association {Firm Registration No. 10 Reg.No:1908-0F 2012 dus ) cine « Ady m } Siddhartha Jain Chandrasekhar Goce “Anant Parner 2 enbenp Wo. 205228 OO is J Treasurer Chairperson Place : Hyderabad Place : Hyderabad Date 30.11.2016 Dace: 30.11.2016 s iS NAS, S85) 2 (tnea126)5 < ABAD | 31sB Alumni Association (@og.No:1908.0F-2012) Income and expenditure account forthe year ended 31 March 2016 Amount Rs. Schedule For the year ended For the year ended Particulars 31 March 2016 31 March 2015 come Cureeet Funds 3 5.199.065, [EXPENDITURE Administiatve expenses ° 994,675 Coneributation to Solstice f Equinox 10 1,400,000, ‘Chapter events expenses 0 4.751,902 Depreciation 3 14,200 460,777 {Excess of income over expenditure (he. surplus) Tones Provielon for tax Current tax [EXCESS OF income over expenditure (Le. surplus) transferred to balance sheet 340,558 Siaifcare Accounting plies t he seedules referred to above fee an integral part ofthe Income and Expendinire on behalf of the Members of 35 Alum association Reg, o:1908-0F-2042 aly Tathaine Jain Chanaisenba ode Teese Partner “ embership No, 20522 Pace : Hyderabad Place: Hyderabad tate: 20.11.2016 Date: 20.11.2016158 Alum! Astociation Schodules tothe financt Schedule 1: Significane accounting potcies Background 1 15 18 47 13 “The Indian School of Business Alumni Assocation (the Ackacaten’) wae accorded recognition by the Registrar of Andhra Pradesh Societies Regitration Act, 2001, in accordance with the Andhra Pradoth Societe: Registration Act, The Assoration fs instituted for the purpose of furthering the interes ef the Indian School of Bushes ane to facilitate the schooito deveop ab a world Clas instittion. Further, it aims at developing a strong orgarsaten so as Co futherthe career goals ard ennarce networking among ‘te SB gacuates, ane to provae Continuing eaucaton and ather services, ‘The Association will have the responsbily of administration of the “The Indian Schoal of Business Alumal Assocation’. ncudine specifically aporoving the annual budget, establishing an collecting fees ard arranaia forthe maragoment of the Astciation In ‘an efficient manner ‘asi of preparation of hancat statements ‘he financial statements are prepared under the historical cost convention on the accrual hass of accounting in accordance with the rules of the Asvclation. Accordingly, these financial statements are rot incended to be a presentation in conformity with fenerally acceoted accounting principles applicable to general business enterprises and are orepared in accords withthe rules ofthe Asiociation. The financial statements are preented in Indian Rupaos rounded off tothe nearest rupee, Use of estimates The preparation of the financial statements fn corformity with the rules of the Assclation requires the Management to make ‘stimates and assumptions that affect the reported amaunts of assets ard lables en the date of the financial statements ané reported anounts of income and expenditure fr the year. Actual results Could dilfer fiom these estimates. Any ronson to accounting estimates recognised prospectively in the current ard Future periods (Current and non current classification AL the assets and liabilities have been classified as curent or nan current as por the Association’ normal eperating eyela and other eritera set out in the Revised Schedule Vito the Compares Act, 1956, Fixed astets and depreciation Fixed assets are calet at te Cost of acqusition or construction Less accumulated cepreciation. The cast of fixe assets fncudes ‘taxes, duties, treghe end other incidental expenses relate to the acquistion and installation of the respective assets [Depreciation is proved ona writen down value basis in accordance with the rates specie inthe Income Tac Act. 1961 asthe rmaragement betioves that tev rates reflect the useful fe of the assets, ‘Assets ndivdualy costing 5,000 less.are fly depreciate inthe year ef purchase. Provated deprecation provided on a ‘sets purchased and sold during the yen. Revenue recognition Interest Income is recognsed ona tine proportion bass taking into account the amour outstanding and applicable interest rate. Income from Chapter Event erecognted inthe peiag the event has cccure, corpus Fund sper clause 49 of the bye laws of the association (amended), the life membership fee clleted ‘rom the students sal form Pat of the corpus fund, Taxation Income tax experse comprises current tay currene tax The current charge for the Income taxes is calculated In accordance with the relevant tax regulations applicable to the _xsccation Provisions The Asiociation recognises a provsion when there sa present ablgatin a a result of past cbligating event that probably ‘requies an outflow of resources anda ratable estimate can be made of the amount of the obligation. Where there isa possible obligation ora presant obigation that the ikothncad of outflow of resources Is remete, no provstn oF eclzare te mado{SB Alumni Association Schedules to the financial statements as on 34 March 2016 ticulars, Schedule: 2 Corpus fund Balance at the beginning of the year ‘Add: Additions Nembership Fees Excess of Income over expenditure during the period Fund balance previously classified as current liabilities Less: Deductions Total Schedule: 4 Receivables Receivables from ISB, Total Schedule: 5 Cash and bank balances Cash in hand Balance with Banks ~im-current account Total Schedule: 6 Other Current assets ‘advances given for event expenses Self Assessment Tax paid Schedule: 7 Current liabilities Tax payable Statutory Liabilities Telephone charges payable Consultancy charges payable Salaries payable ‘Audit foes payable other exp payable Total ‘Amount Rs. ‘AS at 31 March 2016 As at 31 March 2015 53,194,882, 40,284,062 12,449,000, 300,000 2,559,890 840,958 11,169,862 53,194,882 69,270,768 535,033,150 69,270,768 55,033,150 764,657. 478,814 764,657 478,814 11,100 77,200 4,330,270, 1,341,370 3,005,510 1,875,780 13,545 139,500 0,000 3.138 34,931 118,883 169,860 254,268 3,267,031 2,438,384TE aT eee = elo" ssi OL ous'sh % ous"st abeyed Ape, oles so [acs on arson wer law mo |eoe ioe peogang”amivig wen lee feo corse vow covey a pene rer ramon | 22229) ey | gam suserr | swonea [29> | oss |erorverto cose nan) setronna Te wore 00708 o10%9 roa eecse sven mrst [wore Tee rom oe'zk vie ra ave TOF 9a eh var ST are oBeyeg ire syasse ajqiBuevu) veer see 99108 ure er'te aa evsi | oaoce O91 mss DOSE ree OL 6 a6 ENGL | LO ‘uarnduo}| sa0°9 ms 00" us z0'L 60'9 s20'9 uauidiina =140 9 +9 ust 108 ot bee wee aiming syesse 2jq36uej| sre core ek Hor EOE : eorbe res suonay 10 35 svonaiaa | suo: "0" stoz'co'ts we svjotoz'eorte wesy] OEY 2d | gy sop ebaryy| SHOZPOVO Bey | OTE nareq | suonippy | cLaz'borLn we sv ey pee eN Uonepaidag ypord 55035) SIT Wonepaidsp pus see POMS £:9mpaus 910% UD:eW LE papua JeaK ayn 10) squaeres je.2UeUL a 02 samnpouDs vonepessy wuniy gsi188 Alumni Association ‘Schedules to the financial statements for the year ended 31 March 2016 Schedule: 8 Current Funds Interest on savings bank account Interest on fixed deposits Chapter events collections Total Schedule: 9 ‘Administrative expenses Salaries Consultancy Audit fees ‘Travelling and conveyance Communication expenses ther expenses Bank Charges Total Schedule: 10 Chapter events - expenses ‘Contribution to sostice & equinox Chennai Welcome Event Exo Deth Chapter Welcome Event Exp Event Expenses 2015-16 Hyderabad Welcome Evt Exp Mumbai Event for PGP Exp Pune Welcome Evert Exp Serate Elections Solstice Exe Welcome Event for PGP Banglore Event Expenses 2014-15, Total For the year ended 31 March 2016 44,455 6,250,951 5i1,672 5,816,078 52,508 90,000 57,500 130,080 18,927 2.730 22,485 1,098,000, 11,188 141,350 173.216 116,200 260,568 22,302 280.525 22,900 148,937 Amount Re. For the year ended 31 March 2015 19,550 4,400,655, 730,660 5108, 865 ant19 0,000 37,500 340,763, 14,740 562 998,075 1,400,009, 1.751.907 3,151,902