FUNDS FLOW STATEMENT
OF DEVNAGAR MILK
PRODUCTION CO-OPERATIVE
ORGANIZATION
Geetanagar-4, Devnagar
Chitwan
Submitted by:
Bipindra Koirala
TU Registration No: 7-2-241-54-2004
Symbol No: 4699
A Fieldwork
Report
Submitted to:
office of the exam control Kathmandu
In partial fulfillment of the requirements
for the degree of
Bachelor of Business
Studies
Bharatpur, Chitwan
Jestha - 2064
Faculty
of Management
Tribhuvan University
RECOMMENDATION
This is
to certify that the fieldwork assignment report:
Submitted by:
Bipindra Koirala
Entitled
Funds Flow Statement
Of
Devnagar Milk Production Co-operative Ltd.
Geetanagar-4, Devnagar
Chitwan
has been prepared and approved by this department.
This fieldwork assignment report is forwarded for
examination.
Supervisor,
………………
(Head of the Department)
Chitwan
Date:
Acknowledgements
The prescribed curriculum for BBS 3rd year of
Tribhuvan University required the students to submit a fieldwork assignment
report in his chosen sectoral areas. Among the sectoral courses, I have chosen
the subject "Entrepreneurship & Small Business" and I prepare the
report on "Funds Flow Statement" of Devnagar Milk Production
Co-operative in Geetanagar-4, devnagar Chitwan.
I would like to thanks the some people who support me
to prepare this fieldwork report possible. My deepest appreciation goes to my
respected teacher Mr.Moti prasad Dhungana,(supervisor of field work report on
entrepreneurship), Mr. Baburam Panthi Assistant Lecturer of Balkumari College, who
supports me very much and gave guidance for preparing this report. I extend my
profound gratitude to Mr. Bhim Narayan Adhikari Assistant lecturer and program
incharge of management of Balkumari
College
At last but not least, I would like to express my
gratitude to all of the co-operative staffs, who provide me the necessary data.
I also like to express my thanks to Skill
Development & Educational Research Center Balkumari College
Similarly, I am grateful to Tribhuvan University for
giving an opportunity to make fieldwork report and burden my experience in writing
skill & practical field.
Bipindra koirala
BBS 3rd year
Narayangarh,
Chitwan
TABLE OF
CONTENTS
Recommendation
Internal evaluation sheet
Acknowledgement
List of Tables
List of Figures
Abbreviation
Chapter Page No
I.
Introduction
Background of Fieldwork Report 1
A Profile Overview of DMPCO Ltd. 1
Literature Survey 2
Identification of Problems 3
Purpose of the Fieldwork study 3
Limitations of the Study 3
II.
Research
Methodology
Introduction 4
Research Design 4
Period Covered 4
Methods of the Data Collection 4
Tools Used 5
Fieldwork Procedure 5
Scheme of the Study 6
III.
Presentation
& Analysis of Data
Presentation of Data 7
Analysis of Data 13
Study Result 13
IV.
Summary,
Conclusion and Recommendation
4.1 Summary & Conclusion 15
4.2 Recommendation 16
Bibliography
Appendix I
Appendix II
Appendix III
List of Tables
Table No.
|
Topic
|
Page No
.
|
1.1
|
Balance
Sheet
|
7
|
1.2
|
Statement
of Change in working Capital
|
8
|
1.3
|
Necessary
Ledgers
|
8
|
1.4
|
Calculation
of Funds From Operation
|
10
|
1.5
|
Funds
Flow Statement
|
10
|
1.6
|
Sources
of Funds
|
11
|
1.7
|
Uses
of Funds
|
12
|
List of Figure
Figures No
|
Topic
|
Page No
|
1
|
Sources
of Funds
|
11
|
2
|
Uses
of Funds
|
12
|
Abbreviations
DMPCO = Devnagar
Milk Production Co-operative Organization
ADB = Agriculture
Development Bank
A/C = Account
CHAPTER - I
INTRODUCTION
1.1 Background
of the Fieldwork Report
The concept of
co-operative is not new to the Nepalese society. The concept of co-operative
which is based on the concept that the general people can themselves improve
their living standard and earned a livelihood through the means of co-operation
among themselves in doing a business. Nepal 's economy is preliminary
based on agriculture. In this industrialized world the aeration economy is not
adequate for prosperity of nation, for the growth of any economy development of
micro entrepreneurship essential.
1.2
Description about the study area
The concept of
co-operative was helped to grow manifold by the implementation of the co-operative
Act 2048. Under the same Co-operative Act, Section 11, the "Devnagar Milk
Production Co-operative Organization Ltd. (DMPCO)" with a long-term vision
of serving and helping the general public was established in year 2052 in Geetanagar
– 4, Devnagar, Chitwan. This Co-operative started its function on 2 – 1 – 2052.
In the year 2052 "Devnagar Milk production Co-operative Org. Ltd."
share capital of Rs. 1, 35,000.
The organization has earned
recognition from "Central Milk Production Co-operative Union". It
also earned second prize in the eight International Co-operative Day in 2059
for begging the best among the co-operatives in its production.
The board of
directors of this co-operative consists of 11 members in organizing committee
along with 3 in account section. The organization performs multipurpose
services. It acts as a diary, a credit providing organization and a saving
institute. It also has a piece of land along with a building of its own in Geetanagar-
4, Devnagar, Chitwan.
1.3
Literature Survey
The collection
of money from different sources and spending them in different head is simply
called the funds flow statement. The statement of changes in working capital,
the sources and uses of funds and resources provided and applied is called the
fund flow statement. To make clear the meaning of funds flow statement, going
through some of the books, the relevant definitions and quotation by different
writers are found suitable and are quoted below:-
"The funds
flow statement describes the sources from which additional funds were derived
and the uses of which funds were put."
-Anthony
Source: - Accounting for Financial and
Planning (Page No. 372)
By Shiva Prasad Munakarmi
"A
statement of sources and application of funds is a technical device designed to
analyze the changes in financial condition of a business enterprise between two
dates."
- Foulke
Source: - Advance Account (Page No.
1403)
By R.S.N. Pillai Bagavati V
"Funds may
mean change in financial resources arising from changes in working capital
items and from financial and investing activities of the enterprise which may
involve only non-current items."
-Pandey, I.M.
Source: - Financial Management (7th
edition, 1998)
"A
statement of funds received and expended; a statement of changes in financial
position of sources and application of funds in which elements as net income
and working capital contributing to understanding of the whole of the financial
operation during the reporting period replace totals of these items."
Kohler, C.R.
Source: - Research Methodology Method
& Analysis (Page No. 39)
1.4
Identification of the Problems
The present
study will attempt to analysis the financial performance & inflow &
outflow of DMPCO. Basically, this fieldwork study intends to solve the following
problems:-
1.
What are the major financial tools and techniques used
by DMPCO?
2.
What are the factors influenced the sources and
application of DMPCO?
1.5
Purpose of Fieldwork
Behind every
study there always exist some certain and specific reasons with certain
purposes. The preparation of the fieldwork report on the topic of funds flow
statement of DMPCO was done mainly for the following reasons:-
A) To make the student
capable for observing and studying of particular situation of an organization.
B) To make familiar to the
student with the problem of working man power.
C) To develop basic research
skill of the student collecting, processing, analyzing and interpreting the
data.
D) To build up confident to
the student over their gained knowledge.
E) To analyze the fund of
project of this co-operative.
F) To study about the
sources and uses of funds.
G) To examine about the
attainment, utilization and use of the funds collected by the organization
through different sources.
1.6 Limitation
of the Study
.
In order to study deeply about any
topic of any sector of an organization, there should not be any time, cost and
resources barrier. But according to the course study of our level, we have to
complete the report on the selected topic with a lot of limitations regarding
time, cost and resources. Thus this fieldwork survey has been prepared with
lots of limitations and various factors are being ignored due to the same.
Similarly, this study is concentrated only on financial position and its
aspects but other factors are ignored.
CHAPTER - II
Research
Methodology
2.1 Introduction
"Research methodology is
the way to solve systematically about the research problem", so that the present study has
its objective to analysis, examine and interpreted the application of fund, is
used in the process of financial effectiveness with the help of various
financial statement and non-financial matters.
2.2 Research Design
The research design of this study is
descriptive as well as analytical. This study is procedure in the process of
sources and use of fund and financial analysis of Devnagar Milk Production
Co-operative. This study has close relations with the various financial aspects
and other accounting statements. The information collected flow primary and
secondary sources are used to examine, explain and interprets financial
statement of DMPCO Ltd. by using financial and accounting tools.
2.3 Period Covered
The present study covers a time
period of two years from fiscal year 2061/062 – 2062/063. The analysis is
mainly used on these two years data and information.
2.4 Methods of Data Collection
Data is the backbone of all fieldwork report.
It is important that which methodology of data collection, we apply, the useful
data are collected for the report from mainly two sources:
a. Primary
Data Collection:
This
data includes the collection of the necessary data by self-visiting the
organization. This method consists of different methods:
i)
Interviewing:
while visiting the organization some questionnaires were prepared. Later on
these questionnaires were asked to the concerned persons. The interview was
conducted faces to face and curiosities related to organization were also
settled.
ii)
Observation:
For getting more information about the work procedure of the organization
physical self-observation of the working procedure of the organization was
undertaken.
b) Secondary Data Collection:
This
method involves the study of data collected previously. The data in certain
basic books as well as prewritten fieldwork report of last years were studied.
2.5 Tools
for Analysis
Collected data and information from
the sources have analyzed and presented in the proper table, format and charts.
Such table and formats are interpreted and explained wherever necessary. In order
to analyze the collected data some financial and accounting tools. Such as
Working Capital, Funds from Operation, Ratio Analysis and other ledger have
been mainly used as per the requirement.
2.6 Fieldwork
Procedure
While writing the report many procedures
are followed by setting field visit program of "Devnagar Milk Production
Co-operative Org. Ltd." Geetanagar – 4, Devnagar, Chitwan. The procedures
followed are as follows:
a)
The advice of subject teacher is taken to identify the
suitable fieldwork is order get necessary data easily.
b)
To get permission submission of application to the
college administration for registered the topic.
c)
By visiting the work site, the information about the
enterprises and location are taken and noticed where the information needed for
preparing report will be available or not.
d)
The
necessary questions about the organisation are prepared.
e)
The necessary data and information from the
organization stall in a friendly and helpful atmosphere.
f)
In search relevant if information, library books, reports
and some booklets where consulted. In course of this fieldwork study, Our
subject teacher was constantly consulted. He provide various advice and suggestions
with paused a way for carrying out the report. Then the fieldwork is finalized
in the format provided by Tribhuvan University.
2.7 Chapter Plan
This report has organized in four
chapters which are as follows:
Chapter 1 Introduction
·
Background of Fieldwork Report, A Profile
Overview of DMPCO Ltd, Literature Survey, Identification of Problems, Purpose
of the Fieldwork study, Limitations of the Study.
Chapter 2 Research
Methodology
·
Introduction, Research Design, Period Covered, Methods
of the Data Collection, Tools Used, Fieldwork Procedure, Scheme of the Study.
Chapter 3 presentation
and Analysis of Data
·
Presentation of Data, Analysis of Data, Study
Result
Chapter 4 Summary,
Conclusion & Recommendation
·
Summary, Conclusion, Recommendation
CHAPTER
– III
Presentation
and analysis of Data
3.1 Presentation
of Data
For preparing the fieldwork report,
first of all it is necessary to have the actual required data. So the actual
balance sheet of "DMPCO" has been presented below:-
Table No- 1.1: Balance sheet of "DMPCO" Ltd.
(As on year
ended 2062/2063 in Rs.)
S.N.
|
Liabilities
|
061/062
|
062/063
|
Assets
|
061/062
|
062/063
|
1.
2.
3.
4.
5.
6.
7.
8.
|
Share capital
General
Reserve
Other Reserve
Deposit
Payable
Nepal
Rashtriya Bank, Village Development Fund (Loan)
National Dairy Development
Board (loan)
Other Liabilities
|
71,000
4,44,404
9,75,567
4,59,307
17,,28,563
1,56,000
-
11,000
|
6,83,000
5,47,597
9,66,095
7,07,412
27,54,423
78,000
16,00,00
4,400
|
Cash Balance
Bank Balance
Investment in other
Sources
Investment
Receivables
Furniture and other Assets
|
2,416
92,348
2,500
5,77,860
21,61,109
10,09,608
|
5,299
1,98,331
2,501
10,05,465
31,88,190
15,01,141
|
Total Liabilities
|
38,45,841
|
59,00,927
|
Total Assets
|
38,45,841
|
59,00,927
|
(Source:
Annual Report of DMPCO Ltd.)
Table No. 1.2: Statement of Change in
Net Working Capital of "DMPCO"
as on 32 Asadh 2063
in Rs.
Particular
|
2062
|
2063
|
Increase
|
Decrease
|
A.
Current Assets
Cash
Bank Balance
Account Receivable
B.
Current Liabilities
Account Payable
Working capital (A-B)
Increase in
working capital
|
2,416
92,348
2161,109
|
5,299
1,98,331
31,88,190
|
2,883
1,05,983
10,27,081
|
10,25,860
1,10,087
|
22,55,873
|
33,91,820
|
|||
17,28,563
|
27,54,423
|
|||
5,27,310
1,10,087
|
6,37,397
|
|||
6,37,397
|
6,37,397
|
11,35,947
|
11,35,947
|
(Source: Annual Report of DMPCO Ltd.)
Conclusion:- The
above calculation of changes in working capital of the organization shows that
the working capital for current year increase by Rs 1,10,087 from that of the
previous year. It shows the organization has strong capacity regarding
immediate payment.
Table No. 1.3 Necessary Ledgers
Fixed Assets A/C.
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To Opening Balance
To Purchase of Assets (Uses)
|
10,09,608
5,27,014
|
By Depreciation (P/L a/c)
By Closing Balance b/d
|
35,481
15,01,141
|
Total
|
15,36,622
|
15,36,622
|
(Source: Annual Report of DMPCO Ltd.)
Share Capital A/C
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To Closing Balance b/d
To Cash (Share Returned) (Uses)
|
6,83,000
200
|
By Opening Balance c/d
By issue of new share (Sources)
|
71,000
6,12,200
|
Total
|
6,83,200
|
6,83,200
|
(Source: Annual Report of DMPCO Ltd.)
Liabilities (Other) A/C.
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To Closing Balance b/d
To Cash (uses)
|
4,400
6,600
|
By Opening Balance c/d
|
11,000
|
Total
|
11,000
|
11,000
|
(Source: Annual Report of DMPCO Ltd.)
Investment of Member's Loan A/C
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To opening balance b/d
To investment (sources)
|
5,77,860
11,35,000
|
By closing balance c/d
By realization of member's loan (uses)
|
10,05,465
7,07,395
|
Total
|
17,12,860
|
17,12,860
|
(Source: Annual Report of DMPCO Ltd.)
Capital Expenditure A/C (Other Reserve A/C)
Dr Cr
Particular
|
Rs.
|
Particular
|
Rs.
|
To closing balance b/d
To Cash (uses)
|
9,66,095
3,19,049
|
By Expenditure paid
By opening balance c/d
|
3,09,577
9,75,567
|
Total
|
12,85,144
|
12,85,144
|
(Source: Annual Report of DMPCO Ltd.)
Deposits Account
Dr
Cr
Particular
|
Rs.
|
Particular
|
Rs.
|
To closing balance b/d
To refund of deposits (uses)
|
7,07,412
86,304
|
By collection of deposits
(sources)
By opening balance b/d
|
3343,34,409
4,59,307
|
Total
|
7,93,716
|
7,93,716
|
(Source: Annual Report of DMPCO Ltd.)
Loan from 'NRB' A/C
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To closing balance b/d
To cash (uses)
|
78,000
78,000
|
By opening balance c/d
|
1,56,000
|
Total
|
1,56,000
|
1,56,000
|
(Source: Annual Report of DMPCO Ltd.)
Loan from 'NDDB' A /C
Dr. Cr.
Particular
|
Rs.
|
Particular
|
Rs.
|
To closing balance b/d
|
1,60,000
|
By opening balance
By cash (Sources)
|
-
1,60,000
|
Total
|
1,60,000
|
1,60,000
|
(Source: Annual Report of DMPCO Ltd.)
Table No. 14 Calculations of funds from operation
Net Surplus as per Income & Expenditure A/C
Add: Non-fund and non –operating expenses Depreciation
Funds from
operation
|
4,12,769
35,481
|
4,48,250
|
(Source: Annual Report of DMPCO Ltd.)
TABLE NO.1.5: FUNDS FLOW STATEMENT OF "DMPCO" LTD.
Sources
|
Rs.
|
Uses
|
Rs.
|
Funds from operation
Issue of new shares
Loan received from ADB
Collection of deposits
Realization of Member's loan
|
4,48,250
6,12,200
1,60,000
3,34,409
7,07,395
|
Increase in working capital
Refund of shares
Repayment of outsiders loan
Refund of deposits
Investment of Member's loan
Purchase of fixed assets
Repayment of other liabilities
Other capital expenditures paid
|
1,10,087
200
78,000
86,304
11,35,000
5,27,014
6,600
3,19,049
|
Total
|
22,62,254
|
22,62,254
|
(Source: Annual Report of DMPCO Ltd.)
3.1.1 Graphical Representation of Sources of Funds on Pie Chart
Table No. 1.6: Sources of Funds
S.N.
|
Sources of Funds
|
Total Amount (Rs.)
|
Funds in %
|
1.
2.
3.
4.
5.
|
Funds from operation
Share Capital
Loan from ADB
Deposits
Realization of Member's loan
|
4,48,250
6,12,200
1,60,000
3,34,409
7,07,395
|
19.814
27.062
7.073
14.782
31.269
|
Total
|
22,62,254
|
100.000
|
(Source: Annual Report of DMPCO Ltd.)
3.1.2 Graphical Representation of
Application of Funds on Pie Chart
Table No.1.7: Uses of Funds
S.N.
|
Uses/Application
|
Total Amount (Rs.)
|
Funds in %
|
1.
2.
3.
4.
5.
6.
7.
8.
|
Working Capital
Refund of shares
Repayment of loan
Refund of deposit
Investment
Purchased of Fixed Assets
Repayment of Liabilities
Capital Expenditure paid
|
1,10,087
200
78,000
86,304
11,35,000
5,27,014
6,600
3,19,049
|
4.866
0.009
3.448
3.815
50.171
23.296
0.292
14.103
|
Total
|
22,62,254
|
100.000
|
(Source: Annual Report of DMPCO Ltd.)
3.2 Analysis
of Data
A
through analysis of the data presented shows that the organization is in good
position regarding net surplus, its paying capacity to creditor etc.
According
to Table No 1.2 the data that shows the statement regarding changes in net
working capital of the organization has increased by Rs 1,10,087 from the previous
accounting year i.e.061/062. This increase in working capital shows that the
firm has a strong to moderate capacity regarding day-to-day payments.
According
to Table No 1.5 in the current accounting year i.e. 2062/2063, the firm has
collected its funds from different sources and had used this funds collected in
different uses. Regarding the sources of funds, the major contributor has been
the realization of member's loan (Rs 7, 07,395 or 31.269%). The other sources
were issue of new shares (Rs 6, 12,200 or 27.062), funds from operation (Rs 4,
48,250 or 19.814%), deposits (Rs 3, 34,409 or 14.782%) and loan from NDDB (Rs 1,
60,000 or 7.073%).
The
firm has used the funds collected from these different sources for different
purpose. The main used has been regarding investment Rs. 11, 35,000 or
50.171%). The remaining Rs 11,27,254 or 49.829% of the funds collected has been
used for the purpose of purchasing fixed assets (Rs 5,27,014 or 23.296%) etc.
The organization uses Rs 1, 10,087 or 4.866% of the funds collected for meeting
its day-to-day transactions or for the purpose of meeting its working capital
requirement.
According
to Table No 1.6 the new issue of shares of Rs 6,12,200
shows that the faith of the people is increasing in the organization. This
growth of faith of the general public will further help the origination in the
future.
We
can conclude from the analysis of the data of the organization that the firm is
in good position regarding payment to its creditor and the organization has the
capacity to expend its business in the future.
3.3 Study
Result
The
total funds collected by the organization for the year is Rs 22,62,254. The
organization has collected the funds from different sources. The major
contributor has been:-
Particular
|
Contribution
|
%
|
Realization of Member's loan
|
7,07,395
|
31.269
|
Issue of new shares
|
6,12,200
|
27.062
|
Funds from operation
|
4,48,250
|
19.814
|
Collection of deposits
|
3,34,409
|
14.782
|
Loan received from ADB
|
1,60,000
|
7.073
|
Total
|
22,62,254
|
100
|
(Source: Annual Report of DMPCO Ltd.)
The funds collected by the organization had been used in different
ways:-
Particular
|
Amount 'Rs'
|
% of funds used
|
Investment
|
1,13,5000
|
50.171
|
Purchase of fixed assets
|
5,27,014
|
23.296
|
Capital expenditure paid
|
3,19,049
|
14.103
|
Working capital expenses
|
1,10,087
|
4.866
|
Refund of deposit
|
86,304
|
3.815
|
Repayment of loan
|
78,,000
|
3.448
|
Repayment of liabilities
|
6,600
|
0.292
|
Refund of shares
|
200
|
0.009
|
Total
|
22,62,254
|
100
|
The
major portion of the funds collected (i.e.50.171%) is used for the purpose of
investment. The organization user Quarter (23.296%) of the fund collected for
the purpose of purchase of fixed assets. For meeting its working capital
requirement the firm's uses 4.866% of the fund collected. For the purpose of
refunding of shares and deposits and the repayment of loan and liabilities the
organization in total uses Rs. 1,70,834 or 7.551% of the funds. The firm uses
Rs 3,19,049 or 14.103% for paying its capital expenditure.
CHAPTER – IV
SUMMARY,
CONCLUSION & RECOMMENDATION
4.1 Summary & Conclusion
From,
the study made regarding the organization's working capital, it shows that the
organization working capital has increased by Rs 1, 10,087 from the previous
fiscal year 2061/2062. The percentage of collected fund needed for meeting this
working capital requirement (i.e.4.966%) is also good.
From
the study of changes of its Working Capital, we can see from the table that the
firm is functioning efficiently in case of its Cash and Bank balance (Increase)
but in case of its account receivable, the proportion of A/R for the current
year has increased from that of the previous year by an amount of Rs 10, 27,081.
This increase in account receivable is sufficiently high. Therefore, the
organization should take steps to bring down it’s A/R. From the study regarding
account payable the co-operative has decreased its account payable by Rs 10,
25, 860 in a single year. This will increase the faith of the people in the
organization since it shows a strong paying capacity of the organization.
From
the study of its Working Capital, Funds Flow and the necessary ledgers of the
organization we can see a good future for the organization. The operational
profit of the organization for the year 2061/2062 is Rs 4, 48,250 or 19.814%.
This shows the percentage of operational profit earned by the organization is
good. The new issue of Rs 6, 12,200 (Total Capital) shares shows the strong
faith of the people in the organization.
Lastly,
from a deep and intense study of the organization we can conclude and feel
certain that the organization can prosper further in the future.
4.2 Recommendation
According
to the study some valuable & timely suggestions & Recommendation are
given as follows:
- Unsystematic collection procedure of DMPCO has made poor performance so, it should built a systematic collection mechanism.
- The record keeping system of DMPCO should be modern and computerize.
- DMPCO has not any plan for collection and supplying so, it is suggested to make proper plan before action.
- To keep pace with changing business environment, it should review existing marketing strategy.
- The organization (DMPCO) should accept the modern accounting and financial concept to survive in the field of globalization and competition.
If the above
suggestions are strictly followed then there will be more or less no reason for
criticizing the system adopted by DMPCO.
BIBLIOGRAPHY
·
Dongol, R.M. and Prajapati (2055), Accounting
for Financial Analysis and Planning, Bhotahity, Kathmandu :
Taleju Prekashan
·
Pandey, I.M.(1995), Financial Management, New Delhi : Vikes
Publishing Home Pvt.Ltd.
·
Pant, Prem Raj (1998), Field assignment and Report
Writing, Kathmandu : Veena Academic
Enterprise
·
Squire, Lyh etall (1979), Economic Analysis of Projects,
Washington D.C.
·
Bhushal, Baikuntha Prashad, Entrepreneurship & Small
Business Management, Gyanjyoti Pustak Bhandar, Narayangarh.
APPENDIX – I
Questionnaires:
1.
When was the co-operative started?
2.
What are the main objectives of the field work report?
3.
Up to what extent you have been capable of fulfilling
the objectives?
4.
What steps are you taking to further improve the
functioning of the co-operative?
5.
What are the main causes of concern regarding the
functioning of the organization?
6.
Do you have any plan regarding the extension of the
co-operative's activities to other sector?
7.
Are you satisfied with the amount and percentage of
sources and uses of funds?
8.
What are the main problems faced by the co-operative?
9.
What steps are being taken by the co-operative for increasing
the faith of the general public?
APPENDIX – II
Income and
Expenditure
Income
|
Rs.
|
Expenditure
|
Rs.
|
Cash and Bank balance (opening)
Issue of share
Loan
Saving received
Interest on loan from customer
Account receivable
Other sales
T.S. commission earned
Other income
Other liabilities received
|
94,765
6,12,200
1,60,000
3,34,409
7,07,395
89,71,045
1,50,03,953
71,30,859
1,48,156
15,87,803
1,69,817
96,47,241
|
Liabilities paid
Return of shares
Payment of outsider's loan
Saving returned
Investment
Purchase of fixed assets
Purchase of milk
Purchase of animal feed
Other purchases
T.S. commission paid
Animal husbandry promotion
expenses
Capital expenditure
Office expenses
Other Expenditure paid
Cash and Bank balance (closing)
|
86,27,982
200
78,000
86,304
11,35,000
5,27,014
1,44,40,871
69,82,692
1,19,572
9,67,839
3,31,000
3,19,049
7,50,363
99,98,126
2,03,631
|
4,45,67,643
|
4,45,67,643
|
Details of Income and Expenditure made
by DMPCO
For the assignment
year 2062/2063
Particular
|
Qty.
|
Rs.
|
A) Sales and other income
sources
I) Sales of milk
ii) Sales of
animal feed
iii) Other sources
iv) T.S. commission earned
v) Other commission earned
vi) Interest on loan
a)
Investment
b)
Bank
vii) Other Income
Total Income
B) Purchase and other expenditure
I) Purchase of milk
ii) Purchase of animal feed
iii) T.S. commission
expenditure
iv) Depreciation
v) Auditor's fee
vi) Other expenses
Total Expenditure
|
9,15,607 (Ltrs.)
19,658 (Bags)
9,02,635 (Ltrs.)
19,658 (Bags)
|
1,50,03,953
71,30,859
1,48,156
15,87,803
5,294
94,092
1,113
69,318
24,040,588
1,44,40,871
69,82,392
9,67,839
35,481
9,400
11,91,835
2,36,27,818
|
Net Surplus (A-B)
|
4,12,769
|
PDfFile http://www.slideshare.net/sagartimilsina/fild-work-report
APPENDIX – III
Balance
Sheet of DMPCO Ltd. as on year ended 062/0623
Liabilities
|
060/061
(Rs)
|
061/062 (Rs)
|
Assets
|
060 /061
(Rs)
|
2061/2062
|
Share capital
General Reserve
Other Reserve A/C
Deposits
Payable
ADB Loan
Other Liabilities
|
71,000
4,44,404
9,75,567
4,59,307
17,28,563
1,56,000
-
11,000
|
6,83,000
5,47,597
9,66,095
7,07,412
27,54,423
78,000
1,60,000
4,400
|
Cash Balance
Bank Balance Invest. In other
sources
Invest. Of share holding's
funds
Receivable
Furniture and other assets
|
2,416
92,348
2,500
5,77,860
21,61,109
10,09,608
|
5,299
1,98,331
2,501
10,05,465
31,88,190
15,01,141
|
38,45,841
|
59,00,927
|
38,45,841
|
59,00,927
|
(Source: Annual Report of DMPCO Ltd.)
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