Balance Sheet 1996-1997

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED
( A GOVERNMENT OF ORISSA UNDERTAKING )

CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK - 753 001
BALANCE SHEET AS AT 31ST MARCH, 1997
SCHEDULE 31ST MARCH, 1997 31ST MARCH, 1996
I. SOURCES OF FUNDS (Rupees) (Rupees)
1 SHARE HOLDER'S FUNDS :
a) Share Capital 1 54,005,000.00 54,005,000.00
b) Reserve and Surplus 2 1,778,973.00 1,666,621.00
2 CAPITAL RESERVE : -
Surcharge 3 8,255,705.00 6,915,304.00
3 LOAN FUNDS 4 11,050,000.00 6,000,000.00
TOTAL 75,089,678.00 68,586,925.00
II. APPLICATION OF FUNDS :
1 FIXED ASSETS : 6
a) Gross Block 8,600,767.00 7,904,121.00
b) Less : Depreciation 3,252,284.00 2,880,172.00
c) Net Block 5,348,483.00 5,023,949.00
d) Advance against Capital Contracts (OSIC) 10,000.00 10,000.00
TOTAL 5,358,483.00 5,033,949.00
2 INVESTMENT 7 18,849,600.00 12,949,600.00
TOTAL 24,208,083.00 17,983,549.00
3 CURRENT ASSETS, LOANS AND PROVISIONS :
a) Cash and Bank Balance 8 12,976,019.00 9,974,016.00
b) Other Current Assets 9 5,527,325.00 7,689,774.00
c) Loans and Advances 10 38,574,381.00 37,889,683.00
TOTAL 57,077,725.00 55,553,473.00
4 CURRENT LIABILITIES AND PROVISIONS :
a) Current Liabilities 5 6,196,130.00 4,950,097.00
b) Provisions - -
5 NET CURRENT ASSETS : 50,881,595.00 50,603,376.00
6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 11

TOTAL 75,089,678.00 68,586,925.00
NOTE : Schedule 1 to 11 referred to above and accompanying notes
form an integral part of the Balance Sheet.
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 1997

I N C O M E: (Rupees) (Rupees)
Interest 12 1,817,346.00 1,716,183.00

Other Income 13 1,476,839.00 2,153,071.00
TOTAL 3,294,185.00 3,869,254.00
EXPENDITURE :
Payment to and Provision for Employees 14 2,033,888.00 1,575,061.00

Other Expenses 15 805,196.00 1,576,582.00
Depreciation 6 342,749.00 336,565.00
3,181,833.00 3,488,208.00
PROFIT/(LOSS) FOR THE YEAR : 112,352.00 381,046.00
Less : Prior Period Expenditure - 81,250.00
Add : Prior Period Income - 170,244.00
PROFIT/(LOSS) TRANSFERRED TO BALANCE SHEET 112,352.00 470,040.00
NOTE : Schedule 12 to 15 and Schedule 6 referred to above and accompaning notes form
an integral part of the Profit and Loss Account
31ST MARCH, 1997 31ST MARCH, 1996

(Rupees) (Rupees)
SCHEDULE : "1" SHARE CAPITAL :
AUTHORISED SHARE CAPITAL :
6,50.000 Equity shares of Rs.100/- each

(Previous year 5,00,000 Equity Shares) 65,000,000.00 65,000,000.00
Issued, Subscribed and Paid up :
5.40.050 Equity Shares (Previous year 5,40,050

Equity Shares ) of Rs.100/- each fully paid up by
Govt. of Orissa towards Share Capital 54,005,000.00 54,005,000.00
TOTAL 54,005,000.00 54,005,000.00
SCHEDULE : "2" RESERVES AND SURPLUS :
Profit and Loss Account

As per Last Account 1,666,621.00 1,196,621.00
Add : Transferred from Profit and Loss Account 112,352.00 470,000.00
TOTAL 1,778,973.00 1,666,621.00
SCHEDULE : "3" CAPITAL RESERVE :
Surcharge received from Government for Kalina Studios Ltd. 8,255,705.00 6,915,304.00
TOTAL 8,255,705.00 6,915,304.00
SCHEDULE : "4" LOAN FUNDS :

Unsecured
Loan from Government of Orissa 11,050,000.00 6,000,000.00
TOTAL 11,050,000.00 6,000,000.00

SCHEDULE : "5" CURRENT LIABILITIES AND PROVISIONS : (Rupees) (Rupees)
* Acceptance 4,556,064.00 2,735,350.00
** Sundry Creditors for Goods, Services and Expenses 1,350,629.00 1,714,309.00
Liabilities for cheques issued 289,437.00 500,438.00
TOTAL 6,196,130.00 4,950,097.00
* Advance house rent Rs.63,240/- (Previous year Rs.63,240/- Security Deposit of Rs.2,17,500/- from Entrepreneurs
(Previous year Rs.1,91,500/-), NFDC Loan Rs.0.50 (Previous year Rs.0.50) State Investment Subsidy Rs.1,84266.20 (Previous year
Rs.13,694/-) Subsidy of Rs.27,74,855.60 (PreviousYear Rs.13,66,916.40) Spl. Grant Rs.8,25,000/- (Previous year Rs.11,00,000/-)
** Spl. Grant for Samrat Kharavel Rs.3,06,261.71 (Previous year- Nil), Royalty Rs.1,78,940.20 (Previous year - Nil)
COMPRISED OF :
Liabilities for Expenses 270,230.00 339,999.00

G.P.F. Contribution - 1,292.00
L.I.C. 478.00 939.00
Chartered Accounts's Fees 254.00 254.00
Draught Relief Fund 1,321.00 1,321.00
Pay Roll Savings : (a) Managing Director 200.00 200.00
(b) Others 8,125.00 40,623.00
Architech Fees 1,711.00 1,711.00
Payable to IDCO 800,000.00 182,557.00
Payable to Kalinga Studios (Ways & Means Advance) - 837,714.00
Advance to Others (Contract Media, Cuttack) 3,335.00 3,335.00
Excess Amount received from certificate cases 206,850.00 167,985.00
Payable to R.B.Sharma 1,640.00 1,640.00
Excess Recovery from Staff 791.00 3,201.00
Interest on Ways & Means loan fom Govt. - 3,438.00
Refundable of advance to M. N. Das. - 100.00
Payable to Lark Books - 28,000.00
Payable to Prasad Productions 61,514.00 100,000.00
GSLI Deposit of Staff 140.00 -
IPS Mess dues (Recovered from M.D. and payable) 40.00 -
TOTAL 1,356,629.00 1,714,309.00

SCHEDULE : "7" INVESTMENTS : (Rupees) (Rupees)
( Investments (At Cost-unquoted)
1,29,496 (Previous year 1,29,496) Equity Shares of Rs.100/- each fully paid up in Kainga Studios Ltd., Bhubaneswar
( A Subsidiary Company). Another 2 Nos. of Equity Shares for which no payment is required to be made 12,949,600.00 12,949,600.00
to the transferes.
590000 Equity Shares of Rs.10/- each fully paid up in Prasad Kalinga Film Lab, Ltd., BBSR (A joint Venture) 5,900,000.00 -
TOTAL 18,849,600.00 12,949,600.00
SCHEDULE : "8" CASH AND BANK BALANCES :
* Cash in hand (As certified by the Management) 20,378.00 16,662.00
Bank Balances : with Schedule Banks on:
a) (a) I) Current Accounts 724,453.00 205,042.00
ii) Fixed Deposit Account 11,530,973.00 9,252,097.00
(b) In Fixed Deposit Account with Urban Co-operative Bank Ltd. 500,000.00 500,000.00
b) (c ) Balance with Post Office Savings Bank 215.00 215.00
c) (d) Fixed Deposit with H.D.F.C. 200,000.00
TOTAL 12,976,019.00 9,974,016.00
* Includes Stamp of Rs.360/- (Previous year Rs.239/-)
** Fixed Deposit of Rs.5,00,000/- with Urban Co-operative Bank is subjudice. Hence, no interest
has been calculated on the above fixed deposit.
SCHEDULE : "9" : OTHER CURRENT ASSETS :

Unsecured (Considered good)
Interest Accrued on Loans and Deposits 3,626,091.00 4,881,579.00
Guarantee Commission Receivable 1,740,099.00 1,834,380.00
Other Receivables 161,135.00 273,815.00
Receivable from Govt. for Diamond Jublee - 700,000.00
TOTAL 5,527,325.00 7,689,774.00

SCHEDULE : "10" LOANS AND ADVANCES " (Rupees) (Rupees)
( Unsecured, considered good except otherwise stated )
Loan to Staff 60,363.00 82,005.00

Advance to Staff 143,914.00 30,609.00
Advance to Others 90,289.00 103,133.00
Car and House Building Advance to Sri P.K.Mishra, M.D. 1,400.00 9,100.00
Loan for Production of Films :
(Against Distribution Rights)
Soft Loan 2,796,317.00 1,005,694.00
Term Loan 6,899,035.00 6,922,730.00
Loans for Cinema Halls :

Seed Capital Loan 111,694.00 528,379.00
Loan for Construction of Cinema Houses 1,163,233.00 938,186.00
Generator Loan 49,697.00 49,697.00
( Secured against Land, Building structures, Machinery, Windows, Sitting

Chairs, Screen's Cinema Lens, Frans, Coolers, Air Conditioners, Barbed
Fence, Culverts, Roads, Typewriters, Vehicles and other movable and
immovable properties as per the agreement )
Loan to Kalinga Studios Limited 2,302,865.00 -

Loans for Construction of Cinema Halls and production of films(Certificate Dues) 13,059,517.00 10,542,706.00
Advance against Equity Shares (Kalinga Studios Ltd.) 10,488,326.00 10,488,326.00
Advance to M/s. Prasad Kalinga Film Lab. - 5,900,000.00
Advance for Film Archieve 43,497.00 43,497.00
* Security Deposit 44,772.00 44,772.00
Prepaid Expenses 2,658.00 1,449.00
Advance towards Income Tax 1,316,304.00 1,199,400.00
Film and Television 500.00 -
TOTAL 38,574,381.00 37,889,683.00
* Includes Rs.22,660/- with Telephone Department (Previous year : Rs.22,660/- )
and with Electricity Department of Rs.22,112/- (Previous year : Rs.6,454/-)

SCHEDULE : "11" NOTES ON ACCOUNTS & CONTIGENT 31ST MARCH, 1997 31ST MARCH, 1996
NOTES ON ACCOUNTS:
1 The followings are taken under Prior Period Expenditure Account
a) Telephone charges - 200.00

b) Advance to P.K.Mishra, MD - 1,512.00
c) Office Expenses - 152.00
d) Advance to A.K.Samal - 2,534.00
e) T.A. to staff - 28,137.00
f) Washing charges - 3.00
g) Bonus - 19,218.00
h) Guarantee Commission - 29,000.00
I) Interest - 504.00
- 81,260.00
2 The Prior Period Income represents the following
a) Accrued interest on loan for construction of Halls - 9.00

b) House Rent - 139,628.00
c) Application fees for IMPA - 160.00
d) Application fees for Form "A" - 64.00
e) Fees and subscription - 60.00
f) Profit from Transfer of Video Projector - 29,363.00
g) Misc. Ways & Means Advance - 960.00
- 170,244.00
3 Miscellaneous expenses comprised of:
Office expenses 13,807.00 11,068.00
Postage and Telegram 4,815.00 6,581.00
Newspaper and periodicals 1,633.00 1,944.00
Directors sitting fees 1,550.00 800.00
Meeting expenses 2,659.00 3,987.00
Filing fees 3,240.00 108,620.00
Promotional expenses 17,575.00 5,266.00
Legal expenses - 1,295.00
Training expenses - 6,000.00
Legal fees 45,225.00 49,744.00
Staff welfare - 4,000.00
Revenue and nonjudiciary stamp papers 445.00 312.00
Seclurity fees 3,975.00 750.00
Hire charges 6,156.00 3,812.00
Fees and subscription 775.00 4,877.00
GSLI of staff - 60.00
Grant-in-Aid to Cine Societies 10,000.00 5,000.00
Professional Fees 1,250.00 -
113,105.00 214,116.00
4 Accounting Policies
A) Accounts have been prepared on historical and accrual basis except the followings, which are maintained on
cash basis. In respect of others, if any, it has not been possible to ascertain.
a) Contribution to provident fund
b) Bonus
c) Insurance
d) Leave Salary and Pension contribution
e) Managerial subsidy from Govt. of Orissa
f) Interest awarded by the certificate court on certificate cases.
B) Fixed Assets have been valued at cost.
5 Remuneration to Managing Director is comprised of :

Basic Pay 79,365.00 71,500.00
Dearness Allowance 96,210.00 64,280.00
House Rent Allowance & others 23,132.00 21,223.00
6 The Audit fees shown under Sec. 15 includes internal audit fees of Rs.7,800/-. 198,707.00 157,003.00
7 Maximum Amount due by the Directors or other officers of the corporation at any time during the year
Sri B. K. Tripathy, Managing Director 12,006.00 -
Sri D.D. Mohanty, D.G.M. 2,500.00 1,250.00
Sri H. C. Kar, Dy. Manager 52,500.00 3,094.00
Sri P. S. Das, Dy. Manager 21,402.00 41,562.00
Sri P. K. Misra, Dy. Manager - 5,206.00
51,112.00 51,112.00
8 Advance against capital cotracts represents advance to OSIC
9 Interest has not been calculated on the amounts where certificate cases have been initiated .
10 Depreciation has been calculated on written down value in accordance with schedule XIV of the Companies Act, 1956.
11 Provisions of Paragraph-3, 4C and D of Part-II of Schedule-VI of the Companies Act, 1956 are not applicable to this company for the current year.
12 A sum of Rs.2,266.00 shown under the head "Ddepreciation during the year" in respect of the land (Lease Hold) is amertisation.
13 Fixed Deposit of Rs.5,00,000/- with Urban Co-operative Bank Limited, Cuttack is subjudice, Hence no interest has been calculated on the above fixed deposit.
14 Interest includes on fixed deposits and loans including interest on loan to Kalinga Studios of Rs.55,926.00
15 Figures have been rounded off to Rupees and regrouped/re-arranged/recast wherever felt necessary (including previous year)
16 CONTINGENT LIABILITIES:
1) On accout of Guarantee given by the corporation to the Banks for the loans sanctioned by them for construction of cinema halls and production
of films amounts to Rs.2,05,62,590/- (Previous year Rs.1,85,12,590/-)
2) On account of Guarantee given by the corporation to National Film Development Corporation for loans sanctioned by them for construction of
cinema halls and production of films amounting to Rs.18,57,000/- (Previous year Rs.18,57,000/-).
SCHEDULE : "12" : INTEREST (Rupees) (Rupees)
Loans and Deposits 1,812,633.00 1,697,194.00
Loan to staff 4,389.00 5,933.00
Car loan to Managing Director 324.00 866.00
House Building loan to Managing Director - 12,190.00
1,817,346.00 1,716,183.00
SCHEDULE : "13" : OTHER INCOME
Application Fees. 1,860.00 1,908.00

Processing Fees. 12,800.00 6,300.00
Service Charges 18,600.00 4,800.00
Guarantee Commission 182,121.00 210,668.00
Managerial Subsidy / Grant 500,000.00 325,000.00
Rent 737,308.00 547,675.00
Misc. Receipts - 3,000.00
One Time levy 13,500.00 18,000.00
Dividends - 11,280.00
Preview Theatre Charges 9,600.00 2,000.00
Souvenir Advertisement - 22,000.00
Special Grant for Diamond Jublee Celebration - 1,000,000.00
Sale proceeds from Ticket sale of Israel Film Festival - 440.00
Hire charges 1,050.00 -
TOTAL 1,476,839.00 2,153,071.00

SCHEDULE : "14" PAYMENT TO AND PROVISION FOR EMPLOYEE :
SALARY AND WAGES :

Managing Director (Including surrender leave salary) 198,707.00 157,003.00
Others 1,689,808.00 1,249,863.00
Wages 380.00 2,660.00
Contribution to Provident Fund : Managing Director - 10,266.00
Others 101,255.00 109,752.00
Bon us 39,943.00 40,945.00
Group Insurance 3,795.00 3,594.00
Group Mediclaim. O - 735.00
EFA Scheme of MD - 243.00
TOTAL 2,033,888.00 1,575,061.00
SCHEDULE : "15" : OTHER EXPENSES (Rupees) (Rupees)
Travelling and Conveyance : Director 60,435.00 56,596.00
Others 38,152.00 31,321.00
Printing and Stationery 29,517.00 40,549.00
Rates and Taxes 41,335.00 41,335.00
Audit Fees : 13,800.00 13,800.00
Audit Expenses 1,855.00 4,767.00
Electricity Charges 22,747.00 23,116.00
Fuel and Lubricant 63,136.00 75,843.00
Advertisement and Publicity 8,862.00 13,617.00
Telephone Charges 81,766.00 47,005.00
Repair and Maintenance : Vehicles 40,370.00 47,112.00
Others 6,359.00 26,832.00
Bank Charges 6,436.00 4,711.00
Retainers Fees and Clerkage Expenses 11,400.00 7,150.00
Film Festival Expenses 61,573.00 902,864.00
Miscellaneous Expenses 113,105.00 214,116.00
Garden Expenses - 905.00
Insurance 7,269.00 2,857.00
Interest on House Building Loan 6,761.00 6,869.00
Leave Salary Pension Contribution 34,045.00 15,217.00
Medical Reiumbursement to M.D. 1,627.00 -
Preview Theatre Expenses 4,646.00 -
Interest on Govt. Loan 150,000.00 -
TOTAL 805,196.00 1,576,582.00

STATEMENT SHOWING DATES DUE FROM THE COMPANIES UNDER SAME MANAGEMENT AS ON 31ST MARCH, 1997
Sl. Name of the Company Advance Maximum Amount Book Debt Maximum Amouint
No. outstanding Outstanding during
during the year the previous year
Rs. Rs.
1 M/s. Kalinga Studios Ltd., Bhubaneswar - - - 12,791,191.00

(A subsidiary Company of the Orissa Film
Development Corporation Limited )
* Advance represents : "L o a n" and "Advance against Equity Shares".
STATEMENT UNDER SECTION 212 OF THE Companies Act, 1956
1 The Orissa Film Development Corporation Limited had the following interest in its under noted subsidiary as at the Close of its accounting year.
Name of the Subsidiary Company Accounting year Extent of Interest

ended on
M/s. Kalinga Studios Limited, 31st March, 1997 Out of the Equity Share Capital of
Bhubaneswar Rs.1,29,50,400/-, the shares worth
Rs.1,29,49,600/- were held by the
Corporation.
2 The Accounts of the Kalinga Studios Limited have not been audited till date. Hence the Profit and Los of the subsidiary has not been dealtwith in the
corporation's accounts.
3 Since the Accounts of the subsidiary company have not been audited, a copy of the Accounts, Audit Report and Director's Report could not be attached
to the Accounts of the Corporation.
THE ORISSA FILM DEVELOPMENT CORPORATION LTD.
( A GOVT. OF ORISSA UNDERTAKING )
CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK – 753 001.
*******
SCHEDULE "6" FIXED ASSETS
Particulars Original Addition Sold/Dis- Total DEPRECIATION W. D. V. W. D. V.
Cost During the carded Cost Upto Depn. For the Total upto as on as on
Year during the 31.03.1996 Deduction Year 31.03.1997 31.03.1997 31.03.1996
Year
1 2 3 4 5 6 7 8 9 10 11 12
1 Land 224,360 224,360 36,256 2,266 38,522 185,838 188,104

2 Building 6,366,268 617443 6,983,711 2,144,405 241,965 2,386,370 4,597,341 4,221,863
3 Electrical Equipments 27,252 27,252 23,950 495 24,445 2,807 3,302
4 EPABX system 24,670 24,670 7,425 2,587 10,012 14,658 17,245
5 Ele. Fittings 11,243 11,243 5,569 851 6,420 4,823 5,674
6 Furniture and Fixtures 223,013 13,429 236,442 129,141 16,095 145,236 91,206 93,872
7 Books & Library 18,545 1,055 19,600 16,543 254 16,797 2,803 2,002
8 Typewriter & appliances 42,923 42,923 36,744 927 37,671 5,252 6,179
9 Motor Car 240,334 240,334 229,968 2,073 232,041 8,293 10,366
10 Calculator 7,461 381 7,842 6,308 230 6,538 1,304 1,153
11 Super Phones 13,087 13,087 11,139 292 11,431 1,656 1,948
12 Addressor 1,896 1,896 1,730 25 1,755 141 166
13 Office Eqpts. 51,071 3017 54,088 28,045 3,680 31,725 22,363 23,026
14 Projector 265,944 265,944 122,584 35,840 158,424 107,520 143,360
15 Preview Theatre 301,276 31958 333,234 58,751 25,850 84,601 248,633 242,525
16 FAN 23,500 23,500 8,079 3,855 11,934 11,566 15,421
17 Air Conditioner 42,585 42,585 11,818 4,615 16,433 26,152 30,767
18 Video Projector 29,363 29,363 29,363 0 29,363 0 0
19 Cycle Shed 18693 18,693 1717 849 2,566 16,127 16976
TOTAL 7,933,484 667,283 0 8,600,767 2,909,535 - 342,749 3,252,284 5,348,483 5,023,949
Previous Year 7823507 176365 166,388 87904121 2572970 - 336565 2909535 5023949 5350537
Contd….P/6.
BANK RECONCILIATION STATEMENT
For the year ended 31st March 2000
BANK OF BARODA
Balance as per the Cash Book (Cr)

Add:- Cheques issued but not presented for collection
Cheque No.0072347 3,181.00
No.0072346 55,472.00
No.0072350 7,826.00
No.0072951 6,692.00
No.0072352 1,900.00
No.0072353 878.90
No.0072356 10,730.40
NO.0072359 6,581.30
No.0072357 2,886.00
No.0072358 2,909.20
No.0072360 6,529.00
No.0072363 149,000.00
No.0072364 154,000.00
No.0072365 500.00
No.0072366 8,224.10
No.0072367 850.00
No.0072368 1,250.00
No.0072370 5,000.00
No.0072371 38,810.00
No.0072373 2,000.00
Less: Cheques dedposited but not cleared
Received on 01.03.2000 85,339.00

Received on 31.03.2000 774.00
Balance as per bank Statement
STATE BANK OF INDIA
Balance as per Ledger as on 31.03.2000

Add:
Cheque issued but not presented for
collection as on 31.03.2000
Cheque No.316062 24,920.30
No.316063 3,665.00
No.316064 4,982.00
Balance as per Bank as on 31.03.2000

EMENT
0
- 163,067.66
465,219.90
302,152.24
- 86,113.00
216,039.24
456.77
33,567.30
34,024.07
PROVISIONAL BALANCE SHEET AS ON 31ST MARCH, 2001
I. SOURCES OF FUNDS (Rupees ) (Rupees )
a) Share Capital 1 54,005,000.00 54,005,000.00
b) Reserve and Surplus 2 810,080.99 2,480,949.00
2 CAPITAL RESERVE : - 1
a) Surcharge 3 10,316,390.00 10,316,390.00
b) Loan Funds 4 12,007,000.00 12,007,000.00 1
TOTAL 77,138,470.99 78,809,339.00 2
II. APPLICATION OF FUNDS : 3
1 FIXED ASSETS : 6 4
a) Gross Block 9,482,224.00 5
b) Less : Depreciation - 397,424.05 4,023,052.00 6
c) Net Block 5,064,742.95 5,459,172.00 7
d) Advance against Capital Contracts (OSIC) 10,000.00 10,000.00 8
TOTAL 5,074,742.95 5,469,172.00 9
2 INVESTMENT 7 18,849,600.00 18,849,600.00 10
TOTAL 23,924,342.95 24,318,772.00 11
3 CURRENT ASSETS, LOANS AND PROVISIONS : 12
a) Cash and Bank Balance 8 11,984,640.18 8,691,425.00 13
b) Other Current Assets 9 7,491,700.88 10,815,784.00 14
c) Loans and Advances 10 36,731,588.94 37,676,649.00 15
TOTAL 56,207,930.00 57,183,858.00 16
4 CURRENT LIABILITIES AND PROVISIONS : 17
a) Current Liabilities 5 3,385,118.08 2,693,291.00 18
b) Provisions - - 19
20
6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 11

TOTAL 76,747,154.87 78,809,339.00
NOTE Schedule 1 to 11 referred to above and accompanying notes
Contd…….P/2.

PROVISIONAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 2000

I N C O M E: (Rupees ) (Rupees )
Interest 12 1,901,193.20 2,021,519.00

Other Income 13 1,078,560.00 3,579,668.00
TOTAL 2,979,753.20 5,601,187.00
EXPENDITURE :

Other Expenses 15 1,398,697.01 1,600,742.00
Depreciation 6 397,424.05 395,404.00
4,112,652.31 4,588,838.00
PROFIT FOR THE YEAR : - 1,132,899.11 1,012,349.00
Less : Prior Period Expenditure - 539,758.52 561,309.00
Add : Prior Period Income 1,789.62 14,849.00
PROFIT TRANSFERRED TO BALANCE SHEET - 1,670,868.01 465,889.00
NOTE Schedule 12 to 15 and Schedule 6 referred to above and

accompanying notes form an integral part of thde
Profit and Loss Account.
Contd…..P/3.


(Rupees ) (Rupees )


TOTAL 54,005,000.00 54,005,000.00

Less / Add : Transferred from Profit and Loss Account - 1,670,868.01 465,889.00
TOTAL 810,080.99 2,480,949.00
Surcharge from Government 333,270.50 10,316,390.00
TOTAL 333,270.50 10,316,390.00
TOTAL 12,007,000.00 12,007,000.00

Contd……P/4.

SCHEDULE : "5" CURRENT LIABILITIES AND PROVISIONS : (Rupees ) (Rupees )
* Acceptance 1,390,860.61 1,412,048.00
TOTAL 3,385,118.08 2,693,291.00
* Advance house rent Rs.63,240/- (Previous yuear Rs.63,240/- Security Deposit of Rs.2,24,500/-
from Enterpreneurs (Previous year Rs.2,11,500/-) N.F.D.C. Loan of Rs.0.50 (Previous year
Rs.0.50), State investment Subsidy of Rs.1.53,366.20 (Previous year Rs.1,53,366.20), Subsidy
of Rs.nil (Previous year Nil) Special Grant of Rs.2,25,301.35 (Previous year Rs.4,48,780.35)
Special Grant for Samrat Kharavel of Rs.3,05,261.71 (Previous year Rs.3,05,261.71),sRoyality of
Rs.419190.85 (Previous year Rs.2,29,900.20).
** Comprised of :
G.P.F. Contribution 1,512.00 -
L.I.C. 5,077.10 1,755.00
Chartered Accounts Fees -
Draught Relief Fund 1,321.00 1,321.00
Pay Roll Savings (A) Managing Director -
(B) Others 491.00
Interest payable on Govt. Loan 919,667.00 356,747.00
Advance to others (Contract Media, Cuttack) -
Excess Amount received from Certificate Cases 565,280.44 546,391.00
Excess Amount recovery from staff 3,377.92 2,062.00
Bank Loan Deposit of Staff 980.00 -
G.S.L.I. Deposit of Staff 1,346.00 1,180.00
Film Development Media Music 25,125.00
U-matic High Band Cassette - 475.00
P.R.S.Deposit 46,304.00 8,233.00
Liabilities for Cheques Issued (Bank of Baroda) 163,067.66 -
State Bank of India 18,180.00
Durga Films ,Orissa 5,020.00
Payable to Kalinga Studio for TV Serial 36,113.60
Ways & Means adv. to K.Studios Ltd 128,037.55
TOTAL 1,994,257.47 1,281,243.00
Contd…….P/5.

SCHEDULE : "7" INVESTMENTS : (Rupees ) (Rupees )
1,29,496 (Previous year 1,29,496) Equity Shares of Rs.100/- each fully

paid up in Kalinga Studios Limited, Bhubaneswar ( A Subsidiary Company)
Another 2 Nos. of Equity Shares for which no payment is required to be
made to the transferes. 12,949,600.00 12,949,600.00
5,90,000 Equity Shares of Rs.10/- each fully paid up in Prasad Kalinga Film
Lab. Limited, Bhubaneswar (A Joint Venture Company) 5,900,000.00 5,900,000.00
TOTAL 18,849,600.00 1,88,49,600
* Cash in hand 55,346.41 39,240.00
Bank Balances :
a) With Schedule Banks on :
I) Current Accounts 1,566,723.69 914,163.00
b) In Fixed Depopsit Account with Urban Co-op. Bank Ltd. 500,000.00 500,000.00
c) Balance with Post Office Savings Bank 215.00 215.00
d) Fixed Deposit with H. D. F. C. - 200,000.00
TOTAL 7,893,014.30 8,691,425.00
SCHEDULE : "9" : OTHER CURENT ASSETS :

Other Receiv ables 722,540.00 184,738.00
Receivable from Govt. (For Film Fare'97) 134,701.10 134,701.00
T.V. Serial Under Production - 101,519.00
Film Raghu Arakhita 2,023,052.43 2,023,052.00
Subsidy Receivable 5,665,076.43 1,502,174.00
Interest receivable from Staff -
Receivable from Govt. (Managerial Grant) 2,500,000.00
TOTAL 11,984,640.18 10,815,784.00
Contd…….P/7.

SCHEDULE : "10" LOANS AND ADVANCES " (Rupees ) (Rupees )
Loant to Staff 336,269.00 32,806.00

Advance to Staff 160,323.95 131,525.00
GIS & GPF receivable from Staff 4,800.00
Soft Loan 2,592,097.59 1,959,821.00
Term Loan 4,474,821.90 6,309,946.00

Loan for Construction of Cinema Houses 557,145.84 743,579.00
Generator Loan 49,697.25 49,697.00

Chairs, Screen,s Cinema Lens, Frans, Coolers, Air Conditioners, Barbed
Fence, Culverts, Roads, Tupewriters, Vehicles and other movable and
Loan to Kalinga Studios Limited 925,027.05 1,329,440.00

Loans for Construction of Cnema Halls and production of films 14,258,519.51 13,997,055.00
Advance for Film Archive 43,497.50 43,498.00
* Security Deposits 44,772.00 44,772.00
Prepaid Expenses 42,102.95 42,103.00
** Advance towards Income Tax 1,853,779.00 1,596,492.00
Film and Television 500.00 500.00
Grant-in-aid to Cine Society - 15,000.00
TOTAL 36,731,588.94 37,676,649.00
** Including TDS of House Rent Rs.5,86,179/-, TDS of Rs,35,200/- and TDS

on Royalty of Rs.17,600/- Contd………P/8

SCHEDULE : "11" : INTEREST (Rupees ) (Rupees )

Loan to Staff 3,102.80 1,883.00
1,901,193.20 2,021,519.00

Processing Fees. 11,800.00 10,100.00
Managerial Subsidy / Grant - 2,500,000.00
Rent 851,766.00 850,068.00
Hire Charges - 4,289.00
Recording Charges - 47,526.00
Liabilities Written Back - 3,606.00
TOTAL 1,078,560.00 3,579,668.00
SALARY AND WAGES :
Managing Director (Including surrender leave salary) 261,268.00

Honorarium to Chairman 33,998.00 68,093.00
Others (Including surrender leave salary) 2,042,329.80 1,988,755.00
LTC to Managing Director 7,203.00 -
House rent 62,864.50 -
Wages 15,809.00 7,517.00
Contribution to Provident Fund : Managing Director - -
Others 96,842.50 173,000.00
Bonus - 26,364.00
Group Insurance - 55,937.00
Medical Reimbursement 2,012.45 -
Group Gratuity 55,472.00 11,758.00
TOTAL 2,316,531.25 2,592,692.00
Contd…….P/9.
SCHEDULE : "14" : OTHER EXPENSES (Rupees ) (Rupees )

Others 29,778.90 66,682.00
Rates and Taxes 41,013.00 45,072.00
Audit Fees : Audit Fees 6,300.00 6,000.00
Internal Audit Fees 10,200.00 10,200.00
Others 48,970.30 27,910.00
Bank Charges 8,657.75 465.00
Film Festival Expenses - 40.00
Garden Expenses 4,370.00 -
Insurance 4,822.10 15,499.00
Interest on House Building Loan 6,434.00
Leave Salary Pension Contribution 22,026.00
Interest on Government Loan 562,920.00 515,000.00
Training Expenses 10,500.00
T.V. programme - 184,041.00
Production Expenses -
Preview Theatre Expenses -
Defence Personnel Relief Fund 109,743.40 -
Documentary Film of O.C.C. - -
OFDC Employees Group Gratuity Fund - -
Sky View Home Cable 1,991.00 -
TOTOAL 1,398,697.01 1,600,742.00
Contd….P/10

SCHEDULE : "15" NOTES ON ACCOUNT AND CONTINGENT LIABILITIES : 31ST MARCH, 2000 31ST MARCH, 1999
(Rupees ) (Rupees )
NOTES ON ACCOUNT :
A) GENERAL
1 The accounts are generally prepared under the historical concept using the accrual method of accounts
except the following. In respect of others, if any, it has not been possible to ascertain.
a) Contribution to Provident Fund
b) Bonus
c) Insurance
d) Leave salary and pension contribution
e) Interest on certificate cases
2 FIXED ASSETS : Valued at Cost

3 DEPRECIATION:
a) Depreciation on fixed assets has been provided under written down value method at the rates prescribed
under the Income Tax Act, 1961 and Income Tax Rules, 1962.
b) Depreciation on addition of fixed assets has been restricted to fifty percent of the amount calculated at
the percentage prescribed for an asset U/S 32(i)(ii) of the Income Tax Act, 1961, wherever applicable.
4 INVESTMENT:
Investments are unquoted and is taken at cost. Investments relate to shares. The quantum of diminution in
the value of invetments, if any, could not be ascertained due to non-availability of the financial results and the
state of affairs of Kalinga Studios Ltd. and Prasad Kalinga Film Lab. Ltd. shown under the head
"Investments". The shares have not been physically verified by us.
5 REVENUE RECOGNITION:
All expenses and incomes are accounted for on accrual basis except the following which are accounted for
under cash basis. In respect of others, if any, it has not been possible to ascertain.
a) Contribution to Provident Fund.
b) Bonus.
c) Insurance
d) Leave salary and pension contribution.
e) Interest on certificate cases.
6 RETIREMENT BENEFITS:
The company has determined the liability on account of gratuity and comulative liability to date for future payment
of gratuity to employees which has been covered under Group Gratuity Schemes of LIC of India.
Contd……P/11.

7 CONTIGENT LIABILITIES: (Rupees ) (Rupees )
1.a) On account of Guarantee given by the corporation to the Banks for the loans sanctioned to the theatres for
construction of cinema halls and production of films amounting to Rs.2,05,62,590.00 (Previous year Rs.2,05,62,590/-).
b) On account of Guarantee given by the corporation to NFDC Ltd., for loans sanctined by them for
construction of cinema halls and production of films amounting to Rs.18,57,000/- (Previous year Rs.18,57,000/-).
c) Income Tax demand of Rs.19,48,780/- has been considered as contigent liability pending finalisation of appeals.
2 Advance against capital contracts represents advance to O.S.I.C.
3 Interest has not been calculated on the loans where crtificate cases have been instituted.
4 A sum of Rs.2,266.80 charged as depreciation represents amortisation of the lease hold land for the year.
5 Fixed Deposit of Rs.5,00,000/- has been adjusted by Urban Co-operative Bank, against a defaulted borrowal
account and the matter is subjudice. No interest has been provided for on the said fixed deposit.
6 Investment includes 8,380 nos of shares of Rs.100/- amounting to Rs.8.38 lakhs for which share certificates
were not received by the company.

Basis Pay 195,406.00
Dearness Allowance 30,341.00
House Rent Allowance and others 35,521.00
TOTAL - 261,268.00
8 Remuneration to Auditors is Rs.6,000/- (Previous year Rs.6,000/-)
9 The Audit Fees shown under Schedule-14 includes Internal Audit Fees of Rs.10,200/-
Contd…….P/12

10 The followings are taken under piror period expenditure account. (Rupees ) (Rupees )
a) Legal Expenses - 374.00
b) Staff Liveries 300.00
c) Children Film Festival - 1,000.00
d) T.A. To Staff - 4,892.00
e) Fees towrds Income Tax - 1,000.00
f) Legal Fees 7,350.00
g) Refund to Priyanka Movie - 702.00
h) Advertisement - 919.00
I) Dimond Jublee Expenses - 33,019.00
TOTAL - 49,556.00
11 The Prior Period Income Represents the following :
i) Guarantee Commission 13,125.00
ii) Refund of Priyanka Movie -
TOTAL - -
12 Maximum amount due by the Directors or other officers of the Corporation at any time during the year
a) Sri J. Mohanty, Chairman 28,148.00
b) Sri P. S. Das 25,061.00
c) Sri P. C. Mohapatra, Jr. Manager (Accounts) 12,247.00
13 Miscellanesous Expenses comprised of:

Office Expenses 25,300.60 25,058.00
Newspaper and Periodicals 6,098.45 4,226.00
Directors Sitting Fees 1,000.00 925.00
Meeting Expenses 6,061.50 5,616.00
Filing Fees 600.00 2,520.00
Promotional Eexpenses 6,225.00 42,919.00
Legal Expenses 20,828.75 10,386.00
Legal Fees 19,510.00 43,100.00
Revenue and Non-judiciary stamp / papers 295.00 450.00
Hire Charges 23,131.00 55,718.00
Fees and Subscription 1,310.00 2,280.00
Receivaqble written off - 21,389.00
Project Report 10,000.00 4,997.00
Interest on Soft Loan - 30,378.00
Interest on Term Loan - 88,603.00
Contd…….P/13
Interest on Govt. Loan 130,722.95 348,747.00
Fuel and Lubricant - 732.00
Salary and Wages - 31,680.00
Telephone charges - 35.00
Trainint Programme 5,500.00 -
Audit Expenses - 295.00
Service Charges Cuttack Municipal Corpn. - 576.00
Film Festival Expenses - 1,500.00
TOTAL 136,222.95 765,229.00
14 Provisions of Paragraphs - 3, 4C and 4D of Part-II of Schedule VI of the Companies Act, 1956 are not applicable to this company for the year.
15 Figures have been rounded off to Rupees and the previous years figures have been rearranged and regrouped wherever necessary, to make them
complete to the classification of the Current Year.
STATEMENT SHOWING DETAILS DUE FROM THE COMPANIES UNDER

SAME MANAGEMENTS AS ON 31ST MARCH 2000
Name of the Company Advance Maximum amount Book Debt Maximum Amount
outstanding during outstanding during
the year the previous year
1 M/s. Kalinga Studios Ltd., Bhubaneswar
( A subsidiary of the Orissa Film Dev. Corpn. Ltd.) 1,11,73,526/- 3,162,458.00
Advance represents "Ways and Means Advance" and "Advance against Equity Shares"
STATEMENT UNDER SECTION - 212 OF THE COMPANIES ACT, 1995.
1 The Orissa Film Development Corporation Limited had the following interest in its under noted subsidiary as at the close of its accounting year.
Name of the subsidiary company Accounting year ended on Extent of Interest
M/s. Kalinga Studios Ltd., Bhubaneswar 31st March, 2000 Out of the equity share
capital of Rs.12,950,400/-
the shares worth
Rs.12,949,800/- were held
by the corporation.
2 The accounts of the Kalinga Studios Ltd. have not been audited till date. Hence, the profit and Loss of the subsidiary has
not been dealt with in the corporation's accounts.
3 Since the accounts of the subsidiary company have not been audited, a copy of the Accounts, Audited Report and Directors' Report
could not be attached to the accounts of the coporation.
CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK – 1.
*******
SCHEDULE "6" FIXED ASSETS
Cost During the carded Cost Upto For the Total upto as on as on
Year during the 31.03.1999 Year 31.03.2000 31.03.2000 31.03.1999
Year
2 3 4 5 6 7 8 9 10 11
Land -- 1,81,306
Building -- 41,99,357
Electrical Equipments -- 12,168
EPABX system -- 11,846
Ele. Fittings -- 7,782
Furniture and Fixtures -- 85,590
Books & Library -- 4,215
Typewriter & appliances -- 3,794
Motor Car 5,63,657
Calculator -- 1,066
Super Phones -- 1,197
Addressor -- 102
Office Eqpts. -- 16,158
Projector -- 60,480
Preview Theatre -- 2,85,053
FAX -- 6,506
Cycle Shed -- --
Air Conditioner -- 18,895
Video Projector -- --
Garrage -- -- --
TOTAL 54,59,172
Previous Year 89,92,550 4,94,009 3,335 94,82,224 36,29,372 3,95,404 40,23,052 54,59,172 53,63,178
Contd….P/6.
PROVISIONAL BALANCE SHEET AS ON 31ST MARCH, 2000
I. SOURCES OF FUNDS
a) Share Capital 1 54,005,000.00 54,005,000.00
b) Reserve and Surplus 2 3,063,009.00 2,480,949.00
2 CAPITAL RESERVE :
a) Surcharge 3 9,983,120.00 10,316,390.00
b) Loan Funds 4 12,007,000.00 12,007,000.00
TOTAL 79,058,129.00 78,809,339.00
II. APPLICATION OF FUNDS :
1 FIXED ASSETS : 6
a) Gross Block 9,480,994.00 9,482,224.00
b) Less : Depreciation 4,414,488.00 4,023,052.00
c) Net Block 5,066,506.00 5,459,172.00
d) Advance against Capital Contracts (OSIC) 10,000.00 10,000.00
TOTAL 5,076,506.00 5,469,172.00
2 INVESTMENT 7 18,849,600.00 18,849,600.00
TOTAL 23,926,106.00 24,318,772.00
3 CURRENT ASSETS, LOANS AND PROVISIONS :
a) Cash and Bank Balance 8 7,852,320.00 8,691,425.00
b) Other Current Assets 9 15,356,584.00 10,815,784.00
c) Loans and Advances 10 36,278,982.00 37,676,649.00
TOTAL 59,487,886.00 57,183,858.00
4 CURRENT LIABILITIES AND PROVISIONS :
a) Current Liabilities 5 4,355,863.00 2,693,291.00
b) Provisions - -
6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 11 -

TOTAL 79,058,129.00 78,809,339.00
NOTE : Schedule 1 to 11 referred to above and accompanying notes
Contd…….P/2.
PROVISIONAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 2000

I N C O M E:
Interest 12 1,887,029.00 2,021,519.00

Other Income 13 3,255,455.00 3,579,668.00
TOTAL 5,142,484.00 5,601,187.00
EXPENDITURE :

Other Expenses 15 1,489,278.00 1,600,742.00
Depreciation 6 394,102.00 395,404.00
4,302,590.00 4,588,838.00
PROFIT FOR THE YEAR : 839,894.00 1,012,349.00
Less : Prior Period Expenditure 8,520.00 561,309.00
Add : Prior Period Income 702.00 14,849.00
PROFIT TRANSFERRED TO BALANCE SHEET 832,076.00 465,889.00
NOTE : Schedule 12 to 15 and Schedule 6 referred to above and

accompanying notes form an integral part of thde
Profit and Loss Account.
Contd…..P/3.


TOTAL 54,005,000.00 54,005,000.00

Less / Add : Transferred from Profit and Loss Account 832,076.00 465,889.00
TOTAL 3,063,009.00 2,480,949.00
Surcharge from Government 9,983,120.00 10,316,390.00
TOTAL 9,983,120.00 10,316,390.00
TOTAL 12,007,000.00 12,007,000.00
Contd……P/4.
SCHEDULE : "5" CURRENT LIABILITIES AND PROVISIONS :
* Acceptance 2,064,913.00 1,412,048.00
TOTAL 4,355,863.00 2,693,291.00
* Advance house rent Rs.63,240/- (Previous yuear Rs.63,240/- Security Deposit of Rs.2,24,500/-
from Enterpreneurs (Previous year Rs.2,11,500/-) N.F.D.C. Loan of Rs.0.50 (Previous year
Rs.0.50), State investment Subsidy of Rs.1.53,366.20 (Previous year Rs.1,53,366.20), Subsidy
of Rs.8,34,923.57 (Previous year Nil) Special Grant of Rs.2,25,301.35 (Previous year Rs.4,48,780.35)
Special Grant for Samrat Kharavel of Rs.3,05,261.71 (Previous year Rs.3,05,261.71), Royality of
Rs.2,58,320.20 (Previous year Rs.2,29,900.20).
** Comprised of :
G.P.F. Contribution 1,746.00 -
L.I.C. 1,872.00 1,755.00
Chartered Accounts Fees 254.00 -
Draught Relief Fund - 1,321.00
Pay Roll Savings (A) Managing Director - -
(B) Others 665.00 491.00
Architect Fees 1,711.00 -
Payable to O. C. C. 20,000.00 -
Payable to Kalinga Studios (Ways & Means Advance) 258,689.00 -
Payable to Prasad Kalinga Film Lab. 187,892.00 -
Payable to R. B. Sharma 1,640.00 -
Interest payable on Govt. Loan 919,667.00 356,747.00
Advance to others (Contract Media, Cuttack) 3,335.00 -
Excess Amount received from Certificate Cases 583,633.00 546,391.00
Excess Amount recovery from staff 4,396.00 2,062.00
Bank Loan Deposit of Staff 980.00 -
G.S.L.I. Deposit of Staff 280.00 1,180.00
Film Development Media Music - 25,125.00
U-matic High Band Cassette - 475.00
P.R.S.Deposit of Staff - 8,233.00
Liabilities for Cheques Issued 163,068.00 -
TOTAL 2,290,950.00 1,281,243.00
Contd…….P/5.
SCHEDULE : "7" INVESTMENTS :
1,29,496 (Previous year 1,29,496) Equity Shares of Rs.100/- each fully

paid up in Kalinga Studios Limited, Bhubaneswar ( A Subsidiary Company)
Another 2 Nos. of Equity Shares for which no payment is required to be
made to the transferes. 12,949,600.00 12,949,600.00
5,90,000 Equity Shares of Rs.10/- each fully paid up in Prasad Kalinga Film
Lab. Limited, Bhubaneswar (A Joint Venture Company) 5,900,000.00 5,900,000.00
TOTAL 18,849,600.00 1,88,49,600
* Cash in hand 15,152.00 39,240.00
Bank Balances :
a) With Schedule Banks on :
I) Current Accounts 1,424.00 914,163.00
b) In Fixed Depopsit Account with Urban Co-op. Bank Ltd. 500,000.00 500,000.00
c) Balance with Post Office Savings Bank 215.00 215.00
d) Fixed Deposit with H. D. F. C. __ 200,000.00
TOTAL 7,852,320.00 8,691,425.00
SCHEDULE : "9" : OTHER CURENT ASSETS :


Other Receiv ables 374,143.00 184,738.00
Receivable from Govt. (For Film Fare'97) - 134,701.00
T.V. Serial Under Production 40,742.00 101,519.00
Film Raghu Arakhita 2,023,052.00 2,023,052.00
Subsidy Receivable 6,500,000.00 1,502,174.00
Interest receivable from Staff 57,350.00 -
Receivable from Govt. (Managerial Grant) 2,012,000.00 2,500,000.00
TOTAL 15,356,584.00 10,815,784.00
Contd…….P/7.
SCHEDULE : "10" LOANS AND ADVANCES "
Loant to Staff 336,950.00 32,806.00

Advance to Staff 150,668.00 131,525.00

Soft Loan 2,787,690.00 1,959,821.00
Term Loan 5,068,571.00 6,309,946.00

Loan for Construction of Cinema Houses 564,949.00 743,579.00
Generator Loan 49,697.00 49,697.00

Chairs, Screen,s Cinema Lens, Frans, Coolers, Air Conditioners, Barbed
Fence, Culverts, Roads, Tupewriters, Vehicles and other movable and
Loan to Kalinga Studios Limited 925,027.00 1,329,440.00

Loans for Construction of Cnema Halls and production of films 13,044,143.00 13,997,055.00
Advance for Film Archive 43,498.00 43,498.00
* Security Deposits 44,772.00 44,772.00
Prepaid Expenses - 42,103.00
** Advance towards Income Tax 1,846,079.00 1,596,492.00
Film and Television 500.00 500.00
Grant-in-aid to Cine Society - 15,000.00
TOTAL 36,278,982.00 37,676,649.00

** Including TDS of House Rent Rs.5,86,179/-, TDS of Rs,35,200/- and TDS

on Royalty of Rs.17,600/-
Contd………P/8
SCHEDULE : "11" : INTEREST

Loan to Staff 2,065.00 1,883.00
1,887,029.00 2,021,519.00

Processing Fees. 12,300.00 10,100.00
Managerial Subsidy / Grant 2,012,000.00 2,500,000.00
Rent 851,766.00 850,068.00
Hire Charges - 4,289.00
Recording Charges 16,020.00 47,526.00
T.V. programme for Chitranjali 147,907.00 -
Documentary film of O. S. C. B. 15,221.00 -
Liabilities Written Back - 3,606.00
TOTAL 3,255,455.00 3,579,668.00
SALARY AND WAGES :
Managing Director (Including surrender leave salary) 246,303.00 261,268.00

Honorarium to Chairman 65,198.00 68,093.00
Others (Including surrender leave salary) 1,867,270.00 1,988,755.00
Wages 15,809.00 7,517.00
Contribution to Provident Fund : Managing Director - -
Others 163,137.00 173,000.00
Bonus - 26,364.00
Group Insurance 4,344.00 55,937.00
Medical Reimbursement 1,677.00 -
Group Gratuity 55,472.00 11,758.00
TOTAL 2,419,210.00 2,592,692.00
Contd…….P/9.
SCHEDULE : "14" : OTHER EXPENSES

Others 29,779.00 66,682.00
Rates and Taxes 41,013.00 45,072.00
Audit Fees : Audit Fees 6,300.00 6,000.00
Internal Audit Fees 10,200.00 10,200.00
Others 46,990.00 27,910.00
Bank Charges 9,555.00 465.00
Film Festival Expenses - 40.00
Garden Expenses 4,370.00 -
Insurance 18,234.00 15,499.00
Interest on House Building Loan 4,822.00 6,434.00
Leave Salary Pension Contribution - 22,026.00
Film Fair ' 98 - -
Interest on Government Loan 562,920.00 515,000.00
Training Expenses 5,500.00 10,500.00
T.V. programme - 184,041.00
Production Expenses 10,912.00 -
Preview Theatre Expenses 280.00 -
Draught Relief Fund 108,422.00 -
Documentary Film of O.C.C. 77,109.00 -
OFDC Employees Group Gratuity Fund 500.00 -
Sky View Home Cable 1,991.00 -
TOTOAL 1,488,278.00 1,600,742.00
Contd….P/10
SCHEDULE : "15" NOTES ON ACCOUNT AND CONTINGENT LIABILITIES : 31ST MARCH, 2000 31ST MARCH, 1999
NOTES ON ACCOUNT :
A) GENERAL
1 The accounts are generally prepared under the historical concept using the accrual method of accounts
except the following. In respect of others, if any, it has not been possible to ascertain.
a) Contribution to Provident Fund
b) Bonus
c) Insurance
d) Leave salary and pension contribution
e) Interest on certificate cases
2 FIXED ASSETS : Valued at Cost
3 DEPRECIATION:
a) Depreciation on fixed assets has been provided under written down value method at the rates prescribed
under the Income Tax Act, 1961 and Income Tax Rules, 1962.
b) Depreciation on addition of fixed assets has been restricted to fifty percent of the amount calculated at
the percentage prescribed for an asset U/S 32(i)(ii) of the Income Tax Act, 1961, wherever applicable.
4 INVESTMENT:
Investments are unquoted and is taken at cost. Investments relate to shares. The quantum of diminution in
the value of invetments, if any, could not be ascertained due to non-availability of the financial results and the
state of affairs of Kalinga Studios Ltd. and Prasad Kalinga Film Lab. Ltd. shown under the head
"Investments". The shares have not been physically verified by us.
5 REVENUE RECOGNITION:
All expenses and incomes are accounted for on accrual basis except the following which are accounted for
under cash basis. In respect of others, if any, it has not been possible to ascertain.
a) Contribution to Provident Fund.
b) Bonus.
c) Insurance
d) Leave salary and pension contribution.
e) Interest on certificate cases.
6 RETIREMENT BENEFITS:
The company has determined the liability on account of gratuity and comulative liability to date for future payment
of gratuity to employees which has been covered under Group Gratuity Schemes of LIC of India.
Contd……P/11.

7 CONTIGENT LIABILITIES:
1.a) On account of Guarantee given by the corporation to the Banks for the loans sanctioned to the theatres for
construction of cinema halls and production of films amounting to Rs.2,05,62,590.00 (Previous year Rs.2,05,62,590/-).
b) On account of Guarantee given by the corporation to NFDC Ltd., for loans sanctined by them for
construction of cinema halls and production of films amounting to Rs.18,57,000/- (Previous year Rs.18,57,000/-).
c) Income Tax demand of Rs.19,48,780/- has been considered as contigent liability pending finalisation of appeals.
2 Advance against capital contracts represents advance to O.S.I.C.
3 Interest has not been calculated on the loans where crtificate cases have been instituted.
4 A sum of Rs.2,266.80 charged as depreciation represents amortisation of the lease hold land for the year.
5 Fixed Deposit of Rs.5,00,000/- has been adjusted by Urban Co-operative Bank, against a defaulted borrowal
account and the matter is subjudice. No interest has been provided for on the said fixed deposit.
6 Investment includes 8,380 nos of shares of Rs.100/- amounting to Rs.8.38 lakhs for which share certificates
were not received by the company.

Basis Pay 129,094.00 195,406.00
Dearness Allowance 45,940.00 30,341.00
House Rent Allowance and others 71,296.00 35,521.00
TOTAL 246,330.00 261,268.00
8 Remuneration to Auditors is Rs.6,000/- (Previous year Rs.6,000/-)
9 The Audit Fees shown under Schedule-14 includes Internal Audit Fees of Rs.10,200/-
10 The followings are taken under piror period expenditure account.

a) Legal Expenses - 374.00
b) Staff Liveries 3,020.00 300.00
c) Children Film Festival - 1,000.00
d) T.A. To Staff - 4,892.00
e) Fees towrds Income Tax - 1,000.00
f) Legal Fees 5,500.00 7,350.00
g) Refund to Priyanka Movie - 702.00
h) Advertisement - 919.00
I) Dimond Jublee Expenses - 33,019.00
TOTAL 8,520.00 49,556.00
Contd…….P/12
11 The Prior Period Income Represents the following :
i) Guarantee Commission - 13,125.00
ii) Refund of Priyanka Movie 702.00 -
TOTAL 702.00 -
12 Maximum amount due by the Directors or other officers of the Corporation at any time during the year
a) Sri J. Mohanty, Chairman - 28,148.00
b) Sri P. S. Das 20,965.00 25,061.00
c) Sri P. C. Mohapatra, Jr. Manager (Accounts) 10,852.00 12,247.00
13 Miscellanesous Expenses comprised of:

Office Expenses 25,293.00 25,058.00
Newspaper and Periodicals 6,099.00 4,226.00
Directors Sitting Fees 1,000.00 925.00
Meeting Expenses 6,062.00 5,616.00
Filing Fees 600.00 2,520.00
Promotional Eexpenses 6,225.00 42,919.00
Legal Expenses 20,336.00 10,386.00
Legal Fees 20,010.00 43,100.00
Revenue and Non-judiciary stamp / papers 295.00 450.00
Hire Charges 23,131.00 55,718.00
Fees and Subscription 1,914.00 2,280.00
Receivaqble written off - 21,389.00
Project Report 10,000.00 4,997.00
Interest on Soft Loan 30,378.00
Interest on Term Loan 88,603.00
Interest on Govt. Loan 348,747.00
Fuel and Lubricant 732.00
Salary and Wages 31,680.00
Telephone charges 35.00
Audit Expenses 295.00
Service Charges Cuttack Municipal Corpn. 576.00
Film Festival Expenses 1,500.00
TOTAL 131,272.00 765,229.00
14 Provisions of Paragraphs - 3, 4C and 4D of Part-II of Schedule VI of the Companies Act, 1956 are not applicable to this company for the year.
15 Figures have been rounded off to Rupees and the previous years figures have been rearranged and regrouped wherever necessary, to make them
complete to the classification of the Current Year.
Contd……….P/13.
STATEMENT SHOWING DETAILS DUE FROM THE COMPANIES UNDER SAME MANAGEMENTS AS ON 31ST MARCH 2000
Name of the Company Advance Maximum amount Book Debt Maximum Amount
outstanding during outstanding during
the year the previous year
1 M/s. Kalinga Studios Ltd.,

Bhubaneswar ( A subsidiary of the 1,11,73,526/- 1,11,73,526/- 3,162,458.00 3,162,458.00
Orissa Film Dev. Corpn. Ltd.)
Advance represents "Ways and Means Advance" and "Advance against Equity Shares"
STATEMENT UNDER SECTION - 212 OF THE COMPANIES ACT, 1995.
1 The Orissa Film Development Corporation Limited had the following interest in its under noted subsidiary as at the close of its accounting year.
Name of the subsidiary company Accounting year ended on Extent of Interest
M/s. Kalinga Studios Ltd., Bhubaneswar 31st March, 2000 Out of the equity share
capital of Rs.12,950,400/-
the shares worth
Rs.12,949,800/- were held
by the corporation.
2 The accounts of the Kalinga Studios Ltd. have not been audited till date. Hence, the profit and Loss of the subsidiary has
not been dealt with in the corporation's accounts.
3 Since the accounts of the subsidiary company have not been audited, a copy of the Accounts, Audited Report and Directors' Report
could not be attached to the accounts of the coporation.
CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK – 1.
*******
SCHEDULE – 6 : "6" FIXED ASSETS
Cost During the carded Cost Upto For the Total upto as on as on
Year during the 31.03.1999 Year 31.03.2000 31.03.2000 31.03.1999
Year
1 2 3 4 5 6 7 8 9 10 11
1 Land 224,360 -- -- 2,24,360 43,054 2,266 45,320 1,79,040 1,81,306

2 Building 7,039,021 -- -- 69,83,711 28,39,664 2,07,455 30,42,866 39,41,645 41,99,357
3 Electrical Equipments 40,174 -- -- 40,174 28,006 1,825 29,831 10,343 12,168
4 EPABX system 27,173 2,030 -- 29,538 12,327 2,134 16,427 13,111 11,846
5 Ele. Fittings 15,888 4,424 -- 21,652 8,106 1,916 10,153 11,499 7,782
6 Furniture and Fixtures 258,802 6,514 -- 2,65,316 1,73,212 14,042 1,82,490 82,826 85,590
7 Books & Library 21,743 6,390 -- 28,133 17,528 990 18,518 9,615 4,215
8 Typewriter and appliances 42,923 -- -- 42,923 39,129 569 39,698 3,225 3,794
9 Motor Car 943,927 -- 26,010 9,17,917 3,80,270 1,07,529 4,87,779 4,30,118 5,63,657
10 Calculator 8,042 -- -- 8,042 6,976 213 7,189 853 1,066
11 Super Phones 13,087 -- -- 13,087 11,890 100 12,070 1,017 1,197
12 Addressor 1,896 -- -- 1,896 1,794 15 1,809 87 102
13 Office Eqpts. 54,088 747 -- 54,835 37,930 2,480 40,410 14,425 16,158
14 Projector 265,944 -- -- 2,65,944 2,05,464 15,120 2,20,584 45,360 60,480
15 Preview Theatre 432,708 -- -- 4,32,708 1,47,655 28,505 1,76,160 2,56,548 2,85,053
16 FAX 23,500 -- -- 23,500 16,995 1,626 18,621 4,879 6,506
17 Cycle Shed -- -- -- 18,693 -- 728 4,866 13,827 --
18 Air Conditioner 42,585 -- -- 42,585 23,690 4,724 28,414 14,171 18,895
19 Video Projector 29,363 -- -- 29,363 29,363 -- 29,363 -- --
20 Garrage -- -- -- 36,617 -- 1,785 2,700 33,917 --
TOTAL 94,82,224 20,105 26,010 94,80,994 40,23,052 3,94,102 44,14,488 50,66,506 54,59,172
Previous Year 89,92,550 4,94,009 3,335 94,82,224 36,29,372 3,95,404 40,23,052 54,59,172 53,63,178
Contd….P/6.
=

Balance Sheet 1996-1997

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Balance Sheet 1996-1997

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THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

( A GOVERNMENT OF ORISSA UNDERTAKING )

5 NET CURRENT ASSETS : 50,881,595.00 50,603,376.00

6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 11

SCHEDULE 31ST MARCH, 1997 31ST MARCH, 1996

Interest 12 1,817,346.00 1,716,183.00

Payment to and Provision for Employees 14 2,033,888.00 1,575,061.00

PROFIT/(LOSS) FOR THE YEAR : 112,352.00 381,046.00

Less : Prior Period Expenditure - 81,250.00

Add : Prior Period Income - 170,244.00

PROFIT/(LOSS) TRANSFERRED TO BALANCE SHEET 112,352.00 470,040.00

31ST MARCH, 1997 31ST MARCH, 1996

AUTHORISED SHARE CAPITAL :

6,50.000 Equity shares of Rs.100/- each

Issued, Subscribed and Paid up :

5.40.050 Equity Shares (Previous year 5,40,050

TOTAL 54,005,000.00 54,005,000.00

SCHEDULE : "2" RESERVES AND SURPLUS :

Profit and Loss Account

TOTAL 1,778,973.00 1,666,621.00

SCHEDULE : "3" CAPITAL RESERVE :

TOTAL 8,255,705.00 6,915,304.00

SCHEDULE : "4" LOAN FUNDS :

TOTAL 11,050,000.00 6,000,000.00

Liabilities for Expenses 270,230.00 339,999.00

TOTAL 1,356,629.00 1,714,309.00

SCHEDULE : "9" : OTHER CURRENT ASSETS :

TOTAL 5,527,325.00 7,689,774.00

Loan to Staff 60,363.00 82,005.00

Loans for Cinema Halls :

( Secured against Land, Building structures, Machinery, Windows, Sitting

Loan to Kalinga Studios Limited 2,302,865.00 -

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

a) Telephone charges - 200.00

2 The Prior Period Income represents the following

a) Accrued interest on loan for construction of Halls - 9.00

5 Remuneration to Managing Director is comprised of :

Loans and Deposits 1,812,633.00 1,697,194.00

Loan to staff 4,389.00 5,933.00

Car loan to Managing Director 324.00 866.00

House Building loan to Managing Director - 12,190.00

SCHEDULE : "13" : OTHER INCOME

Application Fees. 1,860.00 1,908.00

TOTAL 1,476,839.00 2,153,071.00

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

SALARY AND WAGES :

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

1 M/s. Kalinga Studios Ltd., Bhubaneswar - - - 12,791,191.00

* Advance represents : "L o a n" and "Advance against Equity Shares".

STATEMENT UNDER SECTION 212 OF THE Companies Act, 1956

Name of the Subsidiary Company Accounting year Extent of Interest

1 Land 224,360 224,360 36,256 2,266 38,522 185,838 188,104

TOTAL 7,933,484 667,283 0 8,600,767 2,909,535 - 342,749 3,252,284 5,348,483 5,023,949

Balance as per the Cash Book (Cr)

Less: Cheques dedposited but not cleared

Received on 01.03.2000 85,339.00

STATE BANK OF INDIA

Balance as per Ledger as on 31.03.2000

Balance as per Bank as on 31.03.2000

6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 11

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

SCHEDULE 31ST MARCH, 2000 31ST MARCH, 1999