[Few company's Nome {soning Comcony ame (Use For before nome) Company's Aderess Jompony's Registration No law rive tinted / Putte timtes Jost ef corporation vomina vou of aut shares Jpermenent count No. (PAN) Jangercirleward lovector nome Jovector nome Jaustors Firm nome Use For before nome) [sania Part/Prao's Nome [soning Port/Prap's Quolfcations [saningPart/Prop's Designation [suming Aar/Pop's Membership No [auditor's Frm tg. no. |audnors Frm assess rox autor im Nome (Use For before name) ame ofropretr/prtner-TA |so2igPar/Pro's uecotns -TA Designation 7a [membership No.-T& utr’ Fim Reg. No ax Auctars Frm Adcress Jcompony Secretan/s ame lacioce sheet Date Long Format lacionce sheet Dot Short Format os aoianceshet Date Shore Format stro he Yer Dote- Start Format Joxre oF sichinG aacance SHEET 8 REPORT [arn Repore No lcurent noni! Year Previous Francia Yeor Jaionce shee Signing Dore [sonst of Directors’ Report [snacary of company Accounts Vovecar/ Managing rector / harmon) rox ava signing Cote loivectors sign lace dt’ Sign Plce lor Autor’ Sn Ploce tare of Buses very bie) ethod of Acounting |ethod of stock Volition leank name & 8RANCH Jaccourr no, Tie Vara conome cond oy costars Incoate vee pate ange ‘uctvame Porta PortDesigation ‘uch iy TArNome Tatame Taave TAMNo Fw Toxtudadd Wome asbotest Les asDatest StorbatesF are are ‘Ao une ‘SSigrdote Designaenaa Designations ToxtuttOote biPace ‘AudPloce TaPloce owrebusness ‘Metnodéce mustva! Give Vaoe ore GREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED For GREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED 1G MADHUR APARTIAENTS ‘OPPOSITE MIVAWAL! NAGAR 39980 Uraxsoo.z008°7¢184500 20.08 hs 20/ SHANKAR SHARWA RAMESH KUMAR SHARMA SUMAN SHARHAA is & Assocites ‘dt Kens ortner Portner ‘MN, £48009 RW: 026596 Mis & Associoter ‘Aditi Kens Partner IM No. 548009 FRM :024596N 1st more, 2020 ‘31.02.2020 31022019 or042019 ote: 24/12/2020 For the yor ended 3st March, 2020 For the year ended 3st March, 2019 201920 ote: 24/12/2020 tector Plce:Gurgoon Plece:Gurgoon Pece:Gurgeon Scop SalesGREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED CIN: UTA140DL2008P TC184500 ‘Significant Accounting Policies and Notes forming part of the Financial ements for the year ended 31st Mareh,2020 Note I: Significant Accounting Policies Basis of Preparation of Financial Statements ‘The Financial Statements of the Company have been prepared in accordance with generally accepted accounting principles in india (Indian GAAP). The Financial Statements have been prepared to comply in all material respec with accounting standards specified under section 133, of the Companies Act2013 read with Rule 7 of the Companies ( Accounts) Rules2014. The Financial statements have been Prepared on an ‘Accrual basis and under the historical cost convention. The Accounting Policies Adopted in the preparation of the financial statements, are ‘eonsistent with those of previous year, Use of Estimates ‘The preparation of financial statements requires management to make judgments, estimates and assumptions, that affect the application of accounting policies and the reported amounts of asses, liabilities, income, expenses and disclosures of contingent liabilities atthe date of these financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions ae reviewed at each balance sheet ate. Revisions to accountng estimates are recognised inthe period in which the estimate i revised and future periods affected Current non-current clasifieation All assets and liabil Assets ‘An asset is classified as current when it satisfies any of the following criteria: ies are classified into current and non-current | itis expected to be realised in, or is intended for sale o consumption in, the Company's normal operating cycle, 2 itis held primarily for the purpose of being traded; 3. it is expected tobe realised within 12 months after the reporting date; or 4. itis eash or cash equivalent unless it is restricted from being exchanged or used to settle a Kail date ‘Current assets include the eurent portion of non-current financial assets, Al other assets are classified as non-curret for atleast 12 months afer the reporting A abil is classified as current when it satisfies any of the following criteria: 1. itis expected tobe setied in the Company's normal operating eycle; 2. itis held primarily fr the purpose of being traded; 3. itis due to he settled within 12 months after the reporting date; or 4. The Company does not have an unconditional right to defer settlement ofthe liability for atleast 12 months after the reporting date. Terms of «lability that could, atthe option of the counterparty, result in its setlement by te issue of equity instruments do not affect its classification Curren liabilities include eurent portion of non-curent financial liabilities. Al other liabilities ae classified as non-current Operating eyele Operating cycle isthe time between the acquisition of assets for processing and thei realisation in cash or cash equivalents Revenue Recognit Sale of Goods Revenue i recognised when the isk and rewards of ownership ofthe goods have been transfered to the buyer Service Income Service income i recognised when service are rendered in aoordance with terms of contrat entered with costumer, o\ Interest Income - ‘Revenue is interest income i recongnised on acrual basis aneTT ene Property, Plant and Equipment, Intangible Assets and Depreciation Fed niets are sated a historical cost less accumulated deprecation, The cost of fixed assets includes taxes, duties, fieight and other incidental ‘expenditure related 0 acquisition and installation. Depreciation is charged on straight-line method on a pro-rata bass for addition or deletion of fixed assets as per the usefil life Of assets speified in Schedule Il of the Companies Act, 2013, In view of the management, these rates are indicative of the estimated economic useful lives ofthe fixed assets ‘Assets acquired under finance lease assets are depreciated over the lease tem or useful life of assets, whichever i less Employees Benefit [Allemployee benefit payabefavalable within twelve months of rendering the service are clasiied as shor fs slates, wages, and other employee benefit are charged tothe Profit & Loss Account es and when incurred. rm employee benefit Benefits such Foreign currency transactions Foreign Currency Transactions are intially recognised atthe rate applicable onthe date of transaction. Any Income of Expense on acocunt of exchange diference either in setlemet/transation/ realisation is recognised inthe statement of Profit and Loss. [All the Monetary Items relating to foreign Currency transactions atthe end ofthe financial year are not evalued or translated atthe yar end rate Investments: Long term investments are carried at cost. However, provision is made for diminution in value (any), other than temporary, on an individual basis Borrowing Cost: ‘General and specific borrowing costs directly attributable othe sequisition, construction or produetion of qualifying assets, which re assets that hover take a substantial period of time to get ready for thei intended use or sale, are added tothe cost of those assets, until such time asthe ses are substantially ready for thei intended use or sale, All other borrowing costs are recognised in Statement of Profit and Loss in the period in which they are ineured. Earning Per Share: “The Basic and Dilutive eamings (loss) per share is computed by dividing the net profil (loss) attributable to equity shareholders forthe year by weighted average numberof equity shares outstanding during the year. Diutve earings per share is computed and diselosed afer adjusting the fects ofall dilutive potential equity shares, if any. ‘Taxes on Income : 4) ncome-tax expenses comprise current tax an deferred tx charge or credit The deferred tax charge or credits recognised on timing _Aforonces between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent pode, Deferred tax aes or Habits are measured using the tax rates an ax laws that have been enactd or substantively ented by the Balance Sheet date iy Deferred tax assets in espect of unabsorbed deprecation and carry forward of losses is recognized tothe extent that there is a reasonable ‘evtainy that sufficient future taxable profits wil be avalable against which such deferred tax assets will be realized. Accounting for Provisions, Contingent Liabilities and Contingent Assets: Provisions: Provisions are recognised when there is a present obligation as a result of a past event, iis probable that an outflow of resources ‘embodying economie benefits willbe required to settle the obligation an there i a reliable estimate ofthe amount ofthe obligation. Provisions fre measured at the best estimate ofthe expenditure required to settle the present obligation atthe Balance sheet date and are not discounted to its Contingent Libilties: Contingent liabilities are diselosed when there is a possible obligation arising from past events, the existence of which ‘vil be confirmed only by the occurrence or non occurrence of one or more uncertain future events not Wholly within the control ofthe company ‘ra present obligation that arses ftom pas events where iis either not probable that an outflow of resoures wil be required o sete or a reliable estimate ofthe amount cannot be made, is termed as a contingent ibility Cash and cash equivalents ‘Cash and cash equivalents comprise cash in hand, balane in bank in eu than or equal three months agate" green VONGREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED. CIN: U74140DL2008PTC184500, Balance Sheet as at 31 Mareh 2020 Particular 1. EQUITY AND LIABILITIES (1) Shareholders’ Funds (a) Share Capital (b) Reserves and Surplus (2) Non-Current Liabilities (a) Long-term Borrowigs (b) Deferred ta liabilities () Other long-term lik (4) Long-term provisions (3) Current Liabilities (a) Short-term borrowings (b) Trade payables total outstanding dues of Micro and Small enterprise total outstanding dues of creditor other than Micro and Small enterprise {¢) Other current liabilities (@) Short-term provisions TOTAL IL. ASSETS, (1) Non-current assets (@) Fixed assets ) Property, plant and equipment (b) Non-current investments () Long term loans and advances (@) Deferred tax Assets () Other non-current assets (2) Current assets (9) Current Investment (b) Inventories (c) Trade receivables (4) Cash and cash equivalents {e) Short-term loans and advances ( Other current assets TOTAL Significant Accounting Policies & Notes on Accounts [Notes referred to above forms an integral part of balance sheet Referred to our audit report of even date Sa Aditi Kansal Partuer MNo. $48009 Gurgaon) ) Place: Gurgaon Date: 24/12/2020 upin-; QI54S007ADAAAF 2254 Note Asat 31, March No. 2020 2 100,000 3 (441,822) (41,822 4 20,794,296 _20794296- 5 9,834,481 6 10,130,186 7 4,730,864 pe TOES z 19,095,048, 12,288,835, 2,124,504 485,733 0 n a 399K 120 3,207,173 5,979,902 542,155 531,243, g93.413, T1S3,885 Ess (All amount in Rs) Asat 31, Mareh 2019 100,000 695.483 795.483 33,905,155 SSIES 10,091,984, 9,175,508 3,819,743 35,620 25,122,855 SS 19,493,358, 11,689,250 2,006,696 52,584 35207, 885 3,027,521 16,659,719 199,423 210,070 4.524.872 24,621,605 ae For and on behalf of Board of Directors Green Vortex Waste Management Private Limited so weeeaees Director DIN: 02330710, amet a ane Suman Sharma Director DIN : 03157737_ GREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED" CIN: UT4140DL2008PTC184800 ‘Statement of Profit and Loss for the year ended 31 March 2020 (All amount in Rs) For the year ended For the year ended 31st ee NateNo. “34st March,2020, Mareh,2019 Revenue from operations 18 31,626,398 33,516,350 Other Income 19 1318418 4.759.741 ‘Total Revenue 144817 38.276,091 Expenses: Cost of Material Consumed 2» 26,994,811 31,312,445 Change in Inventory Employee benefit expense 2 2,389,432 3,284,620 Depreciation and amortization expense 2 "400,517 ‘545,573 Finance Cost B 801,145 586731 Other expenses ey 3,929,365 1,824,818 ‘Total Expenses = eset ee Profit before tax 1570454) Tex expense: (1) Current tax (2) Deferred tax Liabilities(Assets) 433,149) (13,62) (3) Taxes forthe earlier year . : (G) Prior Period Expense [Net Profit forthe year after tax assy OS Earning per Equity share Basie a3 52.99 Dilued (3.73) 32.99 Significant Accounting Policies Notes refered to above forms an integral part of balance sheet Referred to our audit report of even date For and on behalf of For and on behalf of Board of Directors MIS & Associates Green Vortex Waste Management Private Lite sent at eae (Chartered Accountants) FRN : 024596N ‘Suman Sharma Director Director DIN : 02330710 DIN : 03157737 MNo, 548009 Place: Gurgaon Date: 24/12/2020(GREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED, IN: U7AL4ODLAOUAPTCIB AO (Atamount in Rs.) or the yea ended Forth year ended ‘Net Profit fre a an exacts sT0ss) ss1908 Adjustent for = Depeiaton| 400317 sass7s “etre Paid soi tas 136731 Incest income i298) cassi7y Pro Period Expense 88ers ss3787 ‘Operating profit before Working Capital Changes (181,700) 1.105650 ‘Adjustment or ~ Trade Reeivables tosresi7 (9.39827 Invenery (179652) (ostst) (ther Carent and Nos Curent Assets Reciables ss278 (4.200.403) + Increase in Caret Lites 130,79 6540.89 + Profit on Sale OF Fed Asset : (37526) i283 474030) (Cas Generated fom Operations 4341.08 7368340) Income pid (oss20) (Cash Flow from Operating Activites as 7 1, CASH FLOW FROM INVESTING ACTIVITIES Purchae of Fined Assets e208) (08984) Sale proseeds of Fined Assets 138000 + Purchase of fvestnen 39585) 71945) + Sue oflavestment i Inert income si293e nasi Cash Flow from lverting Activin Ss CASH FLOW FROM FINANCING ACTIVITIES. + Issue of Equity Shae Catal d + Longteon Borrowings 1.10889 sarss00 Interest Pid (901.145) (956731) ‘Shorter Borowings 27303) 115719 (Cash Flow from Financing Actes ey oe ‘Netincrnel decom in ch and ch equiants 3a31 cosas) Caan od equivalent at hein of pra 19.03 ‘904640 Chand oo euvalet at end of pri S188 993 Signifcam scouting policies 1 [AS pero repr of even date atached For and on behalf of Board of Directors Coneed acorns) EN ran easy pads ain aoe Stata stra Sena hrm ai eno. 4809 Divrobong tS s7 wor Puce: Ganpon ano ate 20122020 aNGREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED CIN: U74149DL2008PTC184S00 Notes to financial statements for the year ended 31 March 2020 (continued) (Al figares in rupees) 2 Share capital Asat Asat 31 Mareh 2020 31 March 2019 Number of Number of et Amat Vea Amount Authorized 100,00 Equity Share 10000 __100000_ __10000 100000 (previous year 10,000) Equity Shares of Rs. 10/- each Issued, Subscribed and Paid Up Capital 10,000 Equity Share 10000 100000, __10000 100000 (previous year 10,000) Equity Shares of Bs. 101 each Sommers Perea (a) Reconciliation of the number of shares outstanding atthe beginning and atthe end of reporting period ‘There has been no change in the numberof shares outstanding atthe beginning and atthe end of the reporting period, (b) Shareholders holding more than 5% shares of the Company: ime of Shareholder aia aa 31. March 2020 31 March 2019 ot “Number of shares holding __shares_"@ of holding ‘Shankar Sharma 9300 95.0% 9800 98.0% Suman Sharma 500 5.0% 00 5.0% (c) Termslrights attached to equity shares ‘The Company has only one class of equity shares having fae value of Rs. 100 per share, Each sharcholde is eligible for one vote per share eld. The dividend proposed (if any) by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets ‘ofthe Company in proportion of their shareholding after distribution ofall preferential amounts. (a) No shares have been issued for consideration othe than cash or as bonus shares in the curren reporting period and in las five years immediatley preceding the éurent reporting period. (Mh spce has ben inet ef ban) gaat . it! gored awGREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED. CIN: UMAI40DL2008PTC184500 Notes to financial statements for the year ended 31 March 2020 continued) (All figures in rupees) 3 Reserves and Surplus Surplus inthe Statement of profit and loss Balance at the beginning ofthe year [Ada Profit during the year Balance at the end ofthe year Long-terms borrowings Secured Term Loan + rom Financial Institution” Unsecured From Diretors Shankar Sharma Ramesh Sharma Suman Sharma “Terms of loans Shortterms borrowings Secured Loans repayable on demand "from banks™ Term Loan “fom Financial nstituion® Unsecured Term Loan = from Bank Loans and advances from directors and relatives Term Loan ++ Term Loan ‘Trade payable Sundry Creditors Other current liabilities Freight Payable Audit fees payable Salary Payable Security Payable GST Payable "TDS Payable Electricity Expenses Payable Short-term provisions Provision for Income Tax Non Current Investments Hypotiate with VAT Authority Fixed Deposit Long Term Loans and Advances Rent Seeurity Haryana State Polation Control Earnest Money Deposit WAI Foundation ‘Total ‘Total Total Total Asat 31 March 2020 993.483 4137305) 441.822) ara) 20382 2,097,799 15276,115, 3,400,000 9.824,481.31 10,083 496 70,063 496 sss 75,000 3,728,389 120,000 si2321 239,200 Tse 100,000 12,188,835, 12.288. 72,000 122,570 914934 19,000 5,000 PAPE As at 31 March 2019 163.379 529,904 695.485, ae 20,383.00 2,658,657 26,026,115 5,200,000, EDVS.IS5.00 9.931,747.81 160236.00 TTI 9,175,508.00, 3.175.508 183.674 3.470.615, 120,000 689,650) 355603 100,000 11,549.250, 350" 72,000 122,570 1,797,126 10;000 5.000 F696Inventory Stook in ade 32072173 3,027,521.00, 320773 3027521 ‘Trade receivables Debs outstanding fora period of exceeding six months = Cine 3308203.17 roaigo1077 Cte Deb musing fr petid no more han sx non ‘ered ‘Considered god 14639 2esz08 Youle Cath and as balance Cachan hand 230.068 15303 Blancs with buna Ouse asoues i087 45420 Total Sas 9s Short Term Loan & Advances Imprest A 84.293 a TCS Receivable AY 2019-20 91476 91,476.00 ‘TCS Reveivable for FY 2019-20 12060 TDS Receivable A.Y. 2020-2021 ‘TDS Receivable AY 2019-20 118,593.00, 210070 ‘Other Current Assets Advance to Supplers(Goods) 03.13 42437 as ae[GREEN VORTEX WASTE MANAGEMENT PRIVATE LIMITED CIN; U7s140DL2008PT7C184500 [Notes to financial statements for the year ended 31 March 2020 (continued) (All figures in rupees) ' For the year ended For the year ended Nate: Eases Bist March,2020 Bist March2019 18 Revenue from Operations Sales 31,105,126 33,106,493, Sales of Service 321272 409,857 Total 31,626,398 33,516,350, 19 Other Income Interest income 812,988, 748,517 Profit on Sale of Fixed Asset 7 137,526 Rent 180,000 180,000 Provisional Income : 1,976,643, Mis, account written off 325,430 1,717,055 Total 1,318,418 4,759,741 20 Cost Of Material consumed Opening Stock 3,027,521 1,945,870 ‘Add: Purchase of Raw Mate 22,573,981 31,082,015 Other Expenses 4,600,481 1,312,081 30,201,983 34,339,966 Less: Closing Stock 3,207,173 3,027,521 Total 26,994,811 BUS12445, 21 Employee Benefits Expense Salaries, wages and allowances 877,101 1,730,018 Director Remuneration 1,500,000 1,500,000 Staff welfare expenses, 12,331 54,602 Total 2,389,432 3,284,620) 22 Depreciation 400517 S45,573_ Total 400,517 545,573 | 23. Finance Cost Bank Interest 14619 26,287 Interest on car loan : 23,295 Interest on unsecured loan 786,527, 707,149 Total 801,145 756.131Nate No. 24 Other Expenses Audit foe Advance Recover Assessment Tax Bad debt Business promotion Commi Discount on service Late fees & Penalty Legal & Proffessional fees Miscellaneous expenses Office Expenses Postage & telephone Prior period Items Power and fuel expenses Printing & stationery Rent and insurance Repair & Maintenance Travelling Expenses p For the year ended Bist Mareh,2020 75,000 1,771,055 7,500 49,866 121,455 22,500 147,630 210,719 30 703,749 159,402 5,618 91,793 370 204,538 86,098 272,043, Total 3,929,366 For the year ended 3st March2019 75,000 132,261 67,068 26,430 156,588 245,512 84,537 344,935 113,726 31,704 26,218 21,078 220,108 277,106 822,869)GREEN VERTOX WASTE MANAGEMENT PRIVATE LIMITED, (A amos nian Rass) Parva ae rato! smarzaion Netbiock arat je eat ‘a1 March3tz0 | apron | he year” [during the year] 31 March 2020 | 31 March 2020 | 31 Mare 2019, A Tangible Asses Plant & Mochinery Farts & Fistres 2208 dq 20a Motorcars & Vehicles 1a st0 Factory Bling 19360552 Foal a) Ta E Tuamsats | TaeEEN VERTON WASTE MANAGEMENT PRIVATE LIMITED Depreciation Chart as per the Income Tax Act AY-2020-21 (Amount in Rs) sei parece oe a ation / as “ a - Ki ieee [Buliding Block 10%] 1.451.818, 1451818 145,182 1,306,636 [Furnitures Fixture 10%| 93,626 2,208 95,834 9.473 86361 Plant & Machinery 15%] 63,720 63,720 9,558 $4,162 [Vehicles car 15%| 910,621 310,621 136,593 T7408 Bike 15%| 28,069 28,069 4210 23,858 Land 0% 17,147,752 147,752 - 17,147,752 [Total 19,695,605 5 2208 = 7,813 305016 | _19,592,797WDYV as on per Companies Act as on 31.03.20 19,095,048 WDV as on per Income Tax Act as on 31.03.20 19,392,797 Current Year loss as on 31.03.20 1,570,454 Net Change (a) 297,749 Deferred Tax Asset/(Liabilities) as on 31.03.20 485,733 Deferred tax Assets on 31.03.19 52,584 Delerred tax charged during the YearSignificant Accounting Policies & Notes. Green Vortex Waste Management Private Limited NOTES TO ACCOUNTS Overview The Company was incorporated as a Private limited company by the name of Green Vortex Waste Management Private Limited on 24** Oct 2008. 1 Deferred Tax Assets / (Liabilities) ‘The company has provided Rs 4,33,149 as deferred tax Assets as per AS-22. 2 Auditors’ Remuneration Particulars 2019-2020 2018-2019 = Statutory Audit Fees* 75,000 75,000 + Total 75,000 75,000 *Audit fee is excluding the service tax 4. Earning per Share (EPS) Particulars 2019-2020 2018-2019 Profit & loss after tax =1,137,305 529,905 Weighted Average Number of aaa i500 Shares Face value of share 10 10 Earnings Per Share (Rs) =113.73, 5299 6. There are no transactions during the year with Micro, Small and Medium Enterprises during the year. 7 The Balance of Current Debtor and Sundry Creditor as on 31.03.2020 are subject to balance confirmation and certified by the management. 8 ‘The financial statements for the year ended March 31, 2020 are prepared as per Schedule-IL Accordingly, the previous year figures have also been reclassified to conform to this year’s classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements. 9. Current - Non-current Classification: An asset should be classified as current, when any of the following criteria are satisfied: a. it is expected to be realized in, or is intended for sale or consumption in, the company’s normal Operating cycle; b. itis held primarily for the purpose of being traded; it is expected to be realized within twelve months after the reporting date; or d. it is cash or cash equivalent unless it is restricted from being exchanged or used to,settle a liability for at least twelve months after the reporting date. All other. assét8 shall be si classified as non-current, astSignificant Accounting Policies & Notes Green Vortex Waste Management Private Li A liability should be classified as current, if any of the following criteria are satisfied: ‘a. it is expected to be settled in the company’s normal operating cycle; b. it isheld primarily for the purpose of being traded; ¢. itis due to be settled within twelve months after the reporting date; or d. The company does not have an unconditional right to defer settlement of the liability for at east twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification. All other liabilities shall be classified as non-current. ‘This schedule is an integral part of the Balance Sheet and Statement of Profit & Loss Account. [As per our report of even date For & on behalf of On Behalf of the Board of Company For MIS & Associates Chartered Accountants FRN: 024596N <6, Aditi Kansal Suman Sharma Partner Director Director Member No: 548009 (DIN : 02330710) (DIN : 03157737) Place: New Delhi Date: 24/12/2020