-_

sJj_f f (Y1S)
V TO,
ILy The Secretary
cr:;~, The Election Commission of India,
y01 Nirvachan Sadan,
AshokRoad,
New Delhi

Subject: Submission of the Annual Audit Report for the Financial Year
2018-2019.

Dear Sir,'

We are sending our Audited Annual Statements with the Audit Report for the
Financial Year 2018-19.

Thanking you,

Yours sincerely,

i~~
(:Manoj Kumar)
MANOJ KUMAR
Chief Account Officer
BHARATIYA JANATA PARTY
Central Office:-
6A, Deen Dayal Upadhyay Marg,
New Delhi-110002

6-~. cfI"'1Glll<'l~ lfITi. ~ ~-110 002, ~ : 011-23500000 ~ : 011-23500190

6-A, Deendayal Upadhyay Marg, New Delhi-110 002, Phone: 011-23500000 Fax: 011-23500190
 INn. AN INCOME TAX RETURN ACKNOWLEDGEMENT Assessment Year
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Income Tax Return submitted electronically on 31-10-201923:55:57 from fP address 182.69.151.167

and verified by
having PAN
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from IP address
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DSC details: 2495609885732158016CN=SafeScryptsub-CA for RCAI Class 2 20J4,OU=Sub-CA,O=Sify Technologies Limited,C=IN

OQ_NOT_SEND THIS ACKNOWLEDGEMENT TO CPC, BENGALf..!_RV

 K. THAPAR & CO., CHARTERED ACCOUNTANTS
C-2/37, SAFDARJUNG DEVELOPMENT AREA, NEW DELHI - 110016
Tel .. 011-26565699, 26510331 FAX. 011-26527249 EMAIL: veni@vktco com

INDEPENDENT AUDITOR'S REPORT

To,
The President
Bharatiya Janata Party

Report on the Financial Statements

We have audited the accompanying fmancial statements of BHARA TIYA JANA TA
PARTY, (the "party") which comprise the Balance Sheet as at 31 st March, 2019, the Income
& Expenditure Account, the Cash Flow Statement for the year ended on that date and a
summary of the significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Party's Management is responsible for the preparation and presentation of the fmancial
statements that give a true and fair view of the financial position and cash flows of the Party
in accordance with the accounting principles generally accepted in India, including the
applicable Accounting Standards. This responsibility also includes maintenance of adequate
accounting records for safeguarding of the assets of the Party and for preventing and
detecting frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating
effectively for ensuring the accuracy and completeness of the accounting records, relevant to
the preparation and presentation of the financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our Audit in accordance with the auditing standards generally accepted in
India. Those Standards require that we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal financial control relevant to the Party's preparation of the financial
statements that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on
whether the Party's has in place an adequate internal financial control system over financial
reporting and operating effectiveness of such controls. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness of the accounting
estimates made by the Party's Management, as well as evaluating the overall presentation of
the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion on the financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid financial statements prepared on cash basis and without providing for
depreciation on fixed assets give a true and fair view in conformity with the applicable
accounting principles generally accepted in India, of the state of affairs of the Party as at 31st
March, 2019, its income and expenditure and cash flows for the year ended on that date.

Other Report

We did not audit the fmancial statements of the party's state and other units whose fmancial
statement reflect total assets of Rs. 1596.97 crore and net surplus of Rs. 520.92 crore
considered in the financial statements, audited by the other auditors whose report has been
furnished to us by the Management. Our opinion on the financial statements, in so far as it
relates to the amounts and disclosures included in respect of these state and other units
financial statements are based solely on the report of the other auditors.

Our opinion on financial statements, and our report on other legal regulatory requirement
below is not modified in respect of the above matters with respect to our reliance on the
work done and the report of the other auditors.

Report on Other Legal and Regulatory Requirements

Further, we report that:
(i) We have sought and obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purpose of our audit;

(ii) In our opinion, proper books of account have been kept by the Political Party so
far as appears from our examination of those books.

(iii) The Balance Sheet, Income and Expenditure account and the Cash Flow
Statement dealt with by this report are in agreement with the books of account,
arid have been prepared on cash basis without providing for depreciation on
fixed assets.

(iv) In our opinion and to the best of our information and according to the
explanations given to us, the Balance Sheet, Income and Expenditure Account
and the cash flow statement are in conformity with the accounting standards
generally accepted in India.

Place: New Delhi

Date :31.10.2019
UOIN!- ,QOQ3521AAAAEG36YO
 BHARATIYA JANA!A PARTY

BALANCE SHEET AS ON 31~T MARCH 2019

(AMOUNT IN RUPEES)
SOURCES OF FUNDS
NOTE AS AT 31ST MARCH AS AT 31ST MARCH
2019 2018

CAPITAL FUND
2.1 28,66,71,76,464 14,61,97,18,827
LOANS / BORROWINGS
Secured Loans
2.2 26,19,32,831
Unsecured Loans 11,50,86,745
2.3 1,39,30,892 4,0 I ,00,352
CURRENT LIABILITES 2.4 9,88,07,787 5,86, II ,379
TOTAL
29,04,18,47,974 . 14,83,35,17,303
APPLICATION OF FUNDS

FIXED ASSETS
2.5
Tangible Assets
5,62,75,78,828 3,96,58,78,155
Intangible Assets
21,36,406 9,08,501
Capital Work-in-Progress
65,73,72,938 39,52,40,734
CURRENT ASSETS
Cash & Cash Equivalents 2.6 19,04,99,18,747 8,22,31,51,119
LOANS & ADVANCES 2.7 3,70,48,41,055 2,24,83,38,793
TOTAL
29,04,18,47,974 14,83,35,17,303
Significant Accounting Policies
Notes on Accounts
2

AUDITORS' REPORT
Checked and Found Correct

c'-'"'""-, \?o,
As per our report of even date
For V.K. THAPAR & COMPANY
Chartered Accountants e-

Firm Registration No. - 001181N

GENERAL SECRETARY GEN~CRETARY
.1
A, -

IV~ Ir~,\V'' :v,'D~c,Hi

(Veni Thapar)
PARTNER
(MEMBERSHIP NO. 093527)
Date: 3 r.: 0.20 19
 BHARATIYA JANATA PARTY

INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31ST MARCH 2019

(AMOUNT IN RUPEES)
INCOME
NOTE AS AT 31ST MARCH AS AT 31ST MARCH
2019 2018

FEE & SUBSCRIPTION 2.8 1,89,00,359 5,58,90,550

VOLUNTARY CONTRIBUTIONS 2.9 23,54,02,54,712 9,89,70,77,200

INTEREST FROM BANKS 53,92,27,726 31,20,73,642

OTHER INCOME 2.10 24,53,381 83,55,148

TOTAL
24,10,08,36,178 10,27,33,96,540

EXPEND ITURE

EMPLOYEE COSTS 2.11 23,61,51,930 22,79,23,468

ADMINISTRATIVE COSTS 2.12 1,78,35,64,039 1,43,23,43,525

FINANCE COSTS 2.13 58,84,448 2,24,13,992

ELECTION / GENERAL PROPAGANDA 2.14 7,92,39,92,073 5,67,43,29,042

OTHER EXPENSES 2.15 8,46,33,785 12,89,98,488

PROFIT/CLOSS)ON SALE OF OTHER ASSETS 1,91,52,267 9,87,08,496

TOTAL
10,05,33,78,542 7,58,47,17,011

Surplus / Deficit carried over to General Fund 14,04,74,57,636 2,68,86,79,530

AUDITORS' REPORT
f\

As per our Note on Balance Sheet

For V.K. THAPAR & COMPANY
Chartered Accountants ~0S~-
Firm Registration No. - 001181N GENERAL SECRETARY GENERA~RY

.\'1.1 _ ~-JJ".t·~., ",'

;
fUP- c. 1/ '..
, U
(Veni Thapar)
PARTNER
(MEMBERSHIP NO. 093527)
Dale 31.10.2019
 BHARATIYA JANATA PARTY

NOTES TO ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2019

(AMOUNT IN RUPEES)
NOTE AS AT 31ST MARCH AS AT 31ST MARCH
2019 2018

~ . CAPITAL FUND

Opening Balance
14,61,97,18,828 11,93,10,39,297
Add / (Less) : Surplus / (Deficit) of the year
14,04,74,57,636 2,68,86,79,530
Closing Balance
28,66,71,76,464 14,61,97,18,827
2.2 LOANS / BORROWINGS
Secured Loans:
Bank Borrowings
Repayable Within 12 Months
26,19,32,831 11,50,86,745
Repayable after 12 Months
(Secured against Fixed Deposit)
26,19,32,831 11,50,86,745
2..a Unsecured Loans
Repayable Within 12 Months
79,16,089 4,0 1,00,352
Repayable after 12 Months
60,14,803
1,39,30,892 4,01,00,352

2.t, CURRENT LIABILITIES

Advances
4,97,28,261 3,18,19,329
Deposits
58,52,558 23,73,569
Security Deposits
1,69,62,061 1,90,08,158
TDS
2,62,64,907 54,10,323
9,88,07,787 5,86,11,379

~ \..} ~-'- -..--

GENERAL SECRETARY GENERAL SECRETARY
 BHARA TIY A JANAT A PARTY

NOTES TO ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2019

2.5

AMOUNT IN RUPEES
FIXED ASSETS AS ON 01.04.2018 ADDITIONS SOLD I AS ON 31ST MARCH
SCRAPPED 2019
TANGIBLE ASSETS:

LAND 70,43,03,025 33,42,27,492 33,00,219 1,03,52,30,298

8UILDfNG 2,29,66,85,112 1,20,37,20,307 1,19,15,685 3,48,84,89,734
FURNITURE & FIXTURES 11,08,IS,072 3,36,81,736 2,58,401 14,42,41,407
COMPUTERS & PERJPHERALS 2,S2,72,911 2,31,88,248 8,798 5,14,52,361
OFFICE EQUIPMENT 32,22,35,354 5,16,37,862 1,41,37,083 35,97,36,133
VEHICLES 50,3'5,63,681 14,52,56,550 10,03,91,336 54,84,28,895

TOTAL 3,96,58,78,155 1,79,17,12,195 13,00,11,522 5,62,75,78,828

INTANGIBLE ASSETS:

SOFTWARE 9,08,501 12,27,905 - 21,36,406

TOTAL 9,08,501 12,27,905 - 21,36,406

CAPITAL WORK IN PROGRESS 39,52,40,734 26,21,32,204 - 65,73,72,938

GRAND TOTAL 4,36,20,27,390 2,05,50,72,304 13,00,11,522 6,28,70,88,172

PREVIOUS YEAR FIGURES 2,44,66,21,093 2,04,45,54,476 12,91,48,179 4,36,20,27,390

NOTE: As per the policy of the party, depreciation is not provided for on the assets.

C_ '-"s _- - ~
GENERAL SECRETARY GENERAL SECRETARY
 BHARATIY A JANAT A PARTY

NOTES TO ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2019

(AMOUNT IN RUPEES)
AS AT 31ST MARCH AS AT 31ST MARCH
2019 2018

2.(; CASH & CASH EQUIVALENTS

Cash in Hand 38,31,29,063 16,52,II ,697
Balance With Banks:
In Current Accounts 12,92,91,23,157 3,09,18,26,526
In Fixed Deposits:
Less than 12 Months 98,86,31,789 2,78,72;42,219
More than 12 months 4,74,90,34,738 2,17,88,70,678
19,04,99,18,747 8,22,31,51,119

ss LOANS & ADVANCES

Security Deposits 2,94,37,458 64,93,415
Staff Advances 8,I2,24,497 2,64,46,374
Advance for Fixed Assets 1,61,33,29,002 1,52,28,02,019
Other Advances 1,84,47,49,508 60,31,02,623
TDS/TCS 13,61,00,590 8,94,94,362
3,70,48,41,055 2,24,83,38,793

&! FEE & SUBSCRIPTION

Application Fees 1,57,200 3,63,05,550
Membership Fees 1,87,43,159 1,95,85,000
1,89,00,359 5,58,90,550

~'1 VOLUNTARY CONTRIBUTIONS:

Aajiwan Sahayog Nidhi (As per Schedule) 24,64,87,912 64,18,07,917
Contibutions for Morchas 68, I0,521 87,65,760
Contribution from Meetings 93,17,839 18,28,066
Contribution through Electoral Bonds 14,50,89,05,000 2, I0,00,02,000
Other Contributions (As per Schedule) 8,76,87,33,440 7,14,46,73,457
23,54,02,54,712 9,89,70,77,200

2.10 OTHER INCOME

Sale of old Newspapers 2,72,185 3,08,272

Rent Received 5,16,057 8,06,737
Miscellaneous Income 16,65,139 72,40,139
24,53,381 83,55,148

GENERAL SECRETARY
 BHARATIYA JANATA PARTY

NOTES TO ACCOUNTS FOR

. THE PERIOD ENDED
;
31ST MARCH 2019

(AMOUNT IN RUPEES)
AS AT 31ST MARCH AS AT 31ST MARCH
2019 2018

2.11 EMPLOYEE COSTS

Salary & Other Emoluments 21,42,44,053 19,74,92,905
Staff welfare
2,19,07,877 3,04,30,563
23,61,51,930 22,79,23,468

2.12.ADMINISTRATIVE COSTS
Cartage
21,70,597 2,41,414
Conveyance & Vehicle Running Expenses 4,35,20,678 4,08,22,103
Electricity & Water Charges 6,73,22,558 4,94,00,774
Hire Charges
47,76,38,908 7,45,94,989
Newspaper & Periodicals 57,76,359 53,57,900
Office Expenses 14,72,89,128 9,56,59,174
Office Rent
2,67,90,473 2,41,67,266
Printing & Stationary 6,89,18,151 8,84,51,510
Security Expenses 4,14,68,815 1,79,37,249
Telephone & Postage 4,41,34,983 3,56,08,165
Travelling
61,34,91,538 86,82,45,321
Meeting Expenses 14,36,17,319 1,94,92,837
Repairs & Maintainence:
Buildings
5,90,98,446 7,32,56,893
Equipment & Others 2,60,23,342 2,09,72,267
Vehicles
1,63,02,744 1,81,35,663

1,78,35,64,039 1,43,23,43,525

C_ U .{I -->- '- e--'

\0
GENERAL SECRETARY GENER~ARY
 BHARATIYA JANATA PARTY

NOTES TO ACCOUNTS FOR THE PERIOD ENDED , 31ST MARCH 2019

,

2,~ FINANCE COSTS

Bank Charges 40,31,387 1,34,72,332
Interest 18,53,061 89,41,660
58,84,448 2,24,13,992

2.1t, ELECTION / GENERAL PROPAGANDA

Advertisement & Publicity 4,35,41,03,460 4,04,17,62,891
Financial Assistance to Candidates 60,35,95,111 34,54,46,863
Grants to others 85,82,49,840 31,20,85,276
Meetings Expenses 67,05,67,731 32,64,19,258
Morcha/Rally/Andolan Expenses 69,52,54,835 35,35,05,259
Press Conferences 81,96,145 76,31,658
Hire Charges 10,46,67,109 16,59,07,236
Travelling 62,93,57,842 12,15,70,60I
7,92,39,92,073 5,67,43,29,042

~ OTHER EXPENSES
Legal & Professional Charges 2,32,43,955 1,97,71,465
Books & Publications 2,38,93,626 6,61,11,816
Entertainment 1,36,45,326 1,91,84,162
Insurance 39,41,432 35,01,120
Miscellaneous Expenses 1,99,09,446 2,04,29,925
8,46,33,785 12,89,98,488

2·" The Financial Statements are prepared on cash basis.

..2,,~ The Fixed Assets are stated at their original cost and expenses related to their acquisition. As a consistent
policy, no depreciation on fixed assets is provided.

&1' There is no contingent liability during the year.

.2. .1<1 The Party has no Investments.

2.20 Previous year's figures have been regrouped as necessary to conform to the Current year's figures.

-,LV.
GENERAL SECRETARY GENER~ARY
 BHARATlYA JANATA PARTY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31.03.2019

(AMOUNT IN RUPEES)
PARTICULARS AS AT 31ST MARCH AS AT 31ST MARCH
2019 1018

CASH FLOW FROM OPERATING ACTIVITIES

Surplus / (Deficit) for the year 14,04,74,57,636 2,68,86,79,530

Operating Surplus / (Deficit) before working capital changes 14,04,74,57,636 2,68,86,79,530

Increase / (Decrease) in Current Liabilities 4,01,96,408 (5,11,04,953)
(Increase) / Decrease in Loans & Advances ( 1,45,65,02,262) 1,75,99,80,186
Net cash flow from from operating activities (A) 12,63,11,51,782 4,39,75,54,763
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed AssetsiCWIP (2,05,50,72,303) (2,04,45,54,476)
Sale of Fixed Assets 13,00,11,522 12,91,48,179
Net cash flow from from Investing activities (B) (1,92,50,60,781) (1,91,54,06,297)
CASH FLOW FROM FINANCING ACTIVITIES
Increase / (Decrease) in SecuredlUnsecured Loan 12,06,76,626 6,45,61,956
Net cash flow from from Financing activities (C) 12,06,76,626 6,45,61,956

Net increase/(decrease) in cash and cash equivalents (A + B+C) 10,82,67,67,627 2,54,67, 10,422
Cash and cash equivalents at the beginningof the year 8,22,31,51,120 5,67,64,40,698
Cash and cash equivalents at the end of the year 19,04,99,18,747 8,22,31,51,120

Components of cash and cash equivalents

Cash in Hand 38,31,29,063 16,52,11,697
Balance With Banks:
In Current Accounts 12,92,91,23,157 3,09,18,26,526
In Fixed Deposits 5,73,76,66,527 4,96,61,12,897

Total cash and cash equivalents 19,04,99,18,747 8,22,31,51,120

AUDITORS' REPORT

As per our report of even date

For V.K. THAPAR & COMPANY
Chartered Accountants
C_ \..).~ -~....- -
GENERAL SECRETARY

(Veni Thapar)
PARTNER
(MEMBERSHIP NO. 093527)

Date 31 10.2019
 BHARATIYA JANATA PARTY
CONSOLIDATED RECEIPTS & PAYMENTS ACCOU'NT FOR THE PERIOD ENDED JIST MARCH 201.9
(AMOUNT IN RUPEES) (AMOUNT IN RUPEES)
RECEIPTS ASAT31STMARCH ASATJISTMARCH PAYMENTS AS AT 31ST MARCH AS AT JIST MARCH
2019 2018 2019 1018

OPENING BALANCE FIXED ASSETS PURCHASED

Cash in Hand 16,52,11,697 13,64,60,456 Buildings 1,53,39,39,862 1,48.95,18,527
Balance with Banks 3,09,18,26,525 1,83,13,86,557 Vehicles 14,05,74,526 10,46,73,626
Balance in Fixed Deposits 4,96,84,12,896 3,70,85,93,686 Furniture & Fixtures 3.17,16,850 4,34,18,437
Office Equipment 7,42,10,219 3,40,99,926
Intangible Assets 64.25,820 26,200
Capital Work in Progress 21.70.47.374 ~0,73,47,799
RECEIPTS DURING THE YEAR EXPENSES
Fees & Subscriptions: Salary & Other Emoluments 20,15,08,899 19,62,51,763
Application Fees 1,57,200 3,62,91,570 Staff welfare 3,45,61,054 2,23,46,472
Delegate Fees Cartage 21,68,097 1,18,13,646
Membership Fees 1,87,43,159 1,95,98,980 Conveyance & Vehicle Exps 4,41,68,720 4,08,12,953
VOluntary Contributions: Office Rent 2,65,78,493 2,41,60,847
Aajiwan Sahayog Nidhi 22,09,36,262 68,04,91,990 Telephone & Postage 4.43.21,461 3,69,43,936
Contibutions for Morchas 3,02.05,371 88,58,610 Repairs & Maintainence
Contribution from Meetings 1,01,97,226 2,61,70.766 Buildings 5.84,57,438 7,38,28,451
Other Contributions 23,27.89.15.853 9.18,15,55,833 Equipment & Others 2.64.14,000 2,49,30,915
Vehicles 1,71.03.262 1.36.05,457
Printing & Stationary 6,89,00,930 8,84,51,511
Sale of Publications Interest & Bank Charges 58,84,331 2,24,13,991
Interest from Banks 53,92,27,726 31,20,73,641 Security Expenses 4,14.68,815 1,66,54,337
Rent Received 5,16,057 8.06.737 Electricity & Water Charge, 6.74,19,810 4,93,64,637
Other Income: Newspaper & Periodicals 56,91,457 50,72,846
Sale of Building Mise Expenses 1.79.07,120 2,07,46,565
Sale of other Assets 10,76.84,255 63,36,934 Books & Publication, 2.42.50.387 4,23.21,321
Sale of old Newspapers 2.72.185 3,08,272 Insurance 39.41,432 39,95,290
Miscellaneous Income 16.65,139 72,40,139 Legal & Professional Charges 2.28.80,498 1.96,06,465
Interest on Income Tax Refund Office Expenses 13.76.59,844 9,17,36,979
TDS 6,45,86,169 35,97,295 Hire Expenses 58,23,06,017 24,06,08,045
Advertisement & Publicity 4,21,92,72,005 4,03,62,49,767
Travelling 1,24.65,02,206 99,55,64,660
Borrowings from bank 22,74,77,998 S,16.50,437 Meetings Expenses 81,16,24,380 34,57,56,176
Deposits recovered 60,08,058 14,31,85,890 Press Conferences 85.72.043 76,31,658
Advances recovered 17,03.67.461 1,99,44,52,452 Entertainment 1.35.79,985 3.68,76,417
Morcha/RallylAndolan Expenses 69.60,43,478 33,67,96.963
Purchase of Publications 2.42,44,807
Purchase of Publicity Material 13,90,59.273
Purchase of Publici~' M31erWfor distribution 5.00,000
UTILISATION
Financial Assistance to Candidates 60.39,95,111 34,49,46,863
Earmarked Funds
Grants to others 85,77,29.840 30,59,07,826
TDS Deducted 8,57.72.660 4,73,30,893
Advances given 1.25.21.14,384 11,86,62,177
Deposits given 17.89.37.364 2.16.78.848
Advances paid 29,45.97.579 38,46.27,91J
TDS Paid 66.85,467 2,25,83.219

CLOSING BALANCES:
Cash in Hand 38.31.29,062 16,52,11,697
Balance with Banks 12.92.91.23.157 3,09,18,26,525
Balance in Fixed Deposits 5,73.76.66.527 4,96,84,12,896

TOTAL 32,90,24, II ,237 18,17,90,60,246 TOTAL 32,90,24,11,237 18,17,90,60,246

AUDITORS' REPORT
As per our report of even date
For \IX. THAPAR & COMPANY

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GENER~LSECRETARY

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BHARATIYA JANATA PARTY

SIGNIFICANT ACCOUNTING POLICIES AS AT 31ST MARCH 2019

1.1 ACCOUNTING CONVENTION

The financial statements are prepared under the historical cost convention on cash basis, in
accordance with the applicable accounting standards and presentation. The accounting policies have
been consistently applied by the party.

1.2 SYSTEM OF ACCOUNTING

All Incomes and Expenses have been accounted for on cash system of accounting by the Party.

1.3 REVENUE RECOGNITION

The party recognises its receipts from voluntary donations whether general or specific, membership
fees, interest income rental income and other incidental income on cash basis as and when it is
actually received.

1.4 EXPENDITURE
The party recognises its expenses on cash basis as and when payment is disbursed. Advances paid
against any material, goods or services availed are treated as such.

1.5 FIXED ASSETS & DEPRECIATION

Fixed assets are stated at their cost value which includes freight, duties, taxes and all incidental
expenses related to the acquisition. As per the policy of the party, no depreciation is provided on the
fixed assets.

1.6 INVESTMENTS
Investments have been classified into current and long term investments. Long term investments are
carried at cost in the Balance Sheet. Diminution in the value of long term investments, if any, other
than those temporary in nature is provided for.

1.7 INVENTORIES
The party expenses out all its books, periodicals and publicity material purchased during the year,
except where its value is significant at the close of the year which is shown as inventory. Such
inventory is carried at cost and other expenses and is valued at FIFO basis.

1.8 RETIREMENT BENEFITS

The party pays salary and honorarium to its workers and provides for their insurance benefits on
cash basis.
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1.9 PRIOR PERIOD ITEMS

As the party follows the cash system of recognising its income and expenditure, no Prior Period
items are recognised in the financial statements.

1.10 CONTINGENT LIABILITIES

As the party follows the cash system of recognising its income and expenditure, no Contingent
Liabilities are considered in the financial statements.

1.11 RECOGNITION FOR IMPAIRMENT OF ASSETS

The Party recognises impairment losses in the year in which the assets are identified as impaired.
Impairment losses are measured as the excess of carrying amount of an asset over its recoverable
amount. The recoverable amount of an asset is the higher of an asset's net selling price and its value
In use.

1.12 BORROWING COSTS

Borrowing costs that are attributable to the acquisition, construction or production of qualifying
assets are capitalized as part of cost of the asset. All other borrowing costs are charged to revenue.

1.13 USE OF ESTIMATES

The prepartion of financial statement requires estimates and assumptions to be made by the
management that effect the reported amount of assets and liabilites on the date of financial
statements and the reported amount of receipt and disbursement during the reporting period.

Difference between the actual results and estimates are recognised in the period in which the results
are known / materialised on cash basis.

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GENERAL SECRETARY GENER~ARY