Balance Sheet 1999-2000

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

CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK - 753 001
BALANCE SHEET AS AT 31ST MARCH, 2000
SCHEDULE 31ST MARCH, 2000
I. SOURCES OF FUNDS
1 SHARE HOLDER'S FUNDS :
a) Share Capital 1 54,005,000
b) Reserve and Surplus 2 784,478
2 CAPITAL RESERVE : -
Surcharge 3 11,249,850
3 LOAN FUNDS 4 12,007,000
TOTAL 78,046,328
II. APPLICATION OF FUNDS :
1 FIXED ASSETS : 6
a) Gross Block 9,490,567
b) Less : Depreciation - 4,420,477
c) Net Block 5,070,090
d) Advance against Capital Contracts (OSIC) 10,000
TOTAL 5,080,090
2 INVESTMENT 7 18,849,600
TOTAL 23,929,690
3 CURRENT ASSETS, LOANS AND PROVISIONS :
a) Cash and Bank Balance 8 7,852,820
b) Other Current Assets 9 11,708,053
c) Loans and Advances 10 37,874,891
TOTAL 57,435,764
4 CURRENT LIABILITIES AND PROVISIONS :
a) Current Liabilities 5 3,319,126
b) Provisions -
5 NET CURRENT ASSETS : 54,116,638
6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 15

TOTAL 78,046,328
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, 2000
SCHEDULE 31ST MARCH, 2000

I N C O M E:
Interest 11 1,901,193
Other Income 12 1,098,564
TOTAL 2,999,757
EXPENDITURE :
Payment to and Provision for Employees 13 2,307,358

Other Expenses 14 1,364,733
Depreciation 6 397,424
4,069,515
LOSS /PROFIT FOR THE YEAR : (-) 1,069,758
Less : Prior Period Expenditure 630,201
Add : Prior Period Income 3,488
LOSS /PROFIT TRANSFERRED TO BALANCE SHEET (-) 1,696,471
NOTE Schedule 12 to 15 and Schedule 6 referred to above and

accompanying notes form an integral part of thde
Profit and Loss Account.
31ST MARCH, 2000
SCHEDULE : "1" SHARE CAPITAL :
AUTHORISED SHARE CAPITAL :
6,50.000 Equity shares of Rs.100/- each

(Previous year 6,50,000 Equity Shares) 65,000,000
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
TOTAL 54,005,000
SCHEDULE : "2" RESERVES AND SURPLUS :
Profit and Loss Account

As per Last Account 2,480,949
Less / Add : Transferred from Profit and Loss Account - 1,696,471
TOTAL 784,478
SCHEDULE : "3" CAPITAL RESERVE :
Surcharge from Government 11,249,850
TOTAL 11,249,850
SCHEDULE : "4" LOAN FUNDS :
Loan from Government of Orissa 12,007,000
TOTAL 12,007,000
31ST MARCH, 2000
SCHEDULE : "5" CURRENT LIABILITIES AND PROVISIONS :
* Acceptance 1,311,480
** Sundry Creditors for Goods, Services and Expenses 2,007,646
TOTAL 3,319,126
* 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), )Royality
Royalityof
Rs.339810.85 (Previous year Rs.2,29,900.20).
** Comprised of :
Liabilities for Expenses 91,474
G.P.F. Contribution 1,512
L.I.C. 3,322
Draught Relief Fund 1,321
Pay Roll Savings
Interest payable on Govt. Loan 919,667
Excess Amount received from Certificate Cases 563,217
Excess Amount recovery from staff 4,640
G.S.L.I. Deposit of Staff 1,346
Film Development Media Music
U-matic High Band Cassette -
P.R.S.Deposit 37,580
Liabilities for Cheques Issued (Bank of Baroda) 163,068
State Bank of India 18,180
Durga Films ,Orissa 5,020
Payable to Kalinga Studio for TV Serial 36,114
Ways & Means adv. to K.Studios Ltd 161,185
TOTAL 2,007,646
31ST MARCH, 2000
SCHEDULE : "7" INVESTMENTS :
( Investments (At Cost-unquoted)
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
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
TOTAL 18,849,600
SCHEDULE : "8" CASH AND BANK BALANCES :
* Cash in hand 15,152
Bank Balances :
a) With Schedule Banks on :
I) Current Accounts 1,566,724
ii) Fixed Deposit Account 5,770,729
b) In Fixed Depopsit Account with Urban Co-op. Bank Ltd. 500,000
c) Balance with Post Office Savings Bank 215
d) Fixed Deposit with H. D. F. C. -
TOTAL 7,852,820
* Includes Stamp of Rs.164/- (Previous year Rs.297/-)
SCHEDULE : "9" : OTHER CURENT ASSETS :

Unsecured (Considered good)
Interest Accrued on Loans and Deposits 1,278,533
Guarantee Commission Receivable 2,160,737
Other Receiv ables 445,954
Receivable from Govt. (For Film Fare'97) 134,701
T.V. Serial Under Production -
Film Raghu Arakhita 2,023,052
Subsidy Receivable 5,665,076
Receivable from Govt. (Managerial Grant)
TOTAL 11,708,053
31ST MARCH, 2000
SCHEDULE : "10" LOANS AND ADVANCES "
( Unsecured, considered good except otherwise stated )
Loant to Staff 336,269

Advance to Staff 167,678
Advance to Others 103,015
GIS receivable from Staff 4,800
Loan for Production of Films :
(Against Distribution Rights)
Soft Loan 2,520,418
Term Loan 4,474,823
Loans for Cinema Halls :

Seed Capital Loan 111,694
Loan for Construction of Cinema Houses 557,146
Generator Loan 49,697
( Secured against Land, Building structures, Machinery, Windows, Sitting

Chairs, Screen,s Cinema Lens, Frans, Coolers, Air Conditioners, Barbed
Fence, Culverts, Roads, Tupewriters, Vehicles and other movable and
immovable properties as per the agreement )
Loan to Kalinga Studios Limited 925,027

Loans for Construction of Cnema Halls and production of films 14,258,520
Advance against Equity Shares (Kalinga Studios Ltd.) 12,440,256
Advance for Film Archive 43,498
* Security Deposits 44,772
Prepaid Expenses 48,133
** Advance towards Income Tax 1,788,645
Film and Television 500
Grant-in-aid to Cine Society -
TOTAL 37,874,891
* Includes Rs.22,660/- with Telephone Department (Previous year : Rs.22,660/- )
and with Electricity Department of Rs.22,112/- (Previous year : Rs.22,112/-)
** Including TDS of House Rent Rs.1,31,653/-, TDS of Rs,7,700/- from PKFL and TDS
on Royalty of Rs.52800/-

31ST MARCH, 2000
SCHEDULE : "11" : INTEREST
Loans and Deposits 1,898,090

Loan to Staff 3,103
1,901,193
SCHEDULE : "12" : OTHER INCOME
Application Fees. 8,020

Processing Fees. 11,800
Service Charges 43,083
Guarantee Commission 135,071
Managerial Subsidy / Grant -
Rent 850,068
Preview Theatre Charges 28,020
Hire Charges -
Recording Charges 1,800
Liabilities Written Back -
Profit on disposal of office Car 20,702
TOTAL 1,098,564
SCHEDULE : "13" PAYMENT TO AND PROVISION FOR EMPLOYEE :
SALARY AND WAGES :
Managing Director (Including surrender leave salary) 173,660

Honorarium to Chairman 33,998
Others (Including surrender leave salary) 1,826,349
LTC to Managing Director 7,203
House rent 62,865
Wages 15,809
Contribution to Provident Fund : 129,990
Bonus -
Group Insurance -
Medical Reimbursement 2,012
Group Gratuity 55,472
TOTAL 2,307,358

31ST MARCH, 2000
SCHEDULE : "14" : OTHER EXPENSES
Travelling and Conveyance : Director 53,897

Others 29,779
Printing and Stationery 27,539
Rates and Taxes 42,680
Audit Fees : Audit Fees 6,300
Internal Audit Fees 10,200
Audit Expenses 4,672
Electricity Charges 63,171
Fuel and Lubricant 82,453
Advertisement and Publicity 11,560
Telephone Charges 98,646
Repair and Maintenance : Vehicles 37,934
Others 56,125
Bank Charges 8,658
Retainers Fees and Clerkage Expenses 11,050
Film Festival Expenses -
Miscellaneous Expenses 136,223
Garden Expenses 4,370
Insurance
Interest on House Building Loan 4,822
Leave Salary Pension Contribution
Interest on Government Loan 562,920
Training Expenses
T.V. programme -
Defence Personnel Relief Fund 109,743
Sky View Home Cable 1,991
TOTAL 1,364,733
SCHEDULE : "15" NOTES ON ACCOUNT AND CONTINGENT LIABILITIES : 31ST MARCH, 2000
NOTES ON ACCOUNT :
A SIGNIFICANT ACCOUNTING POLICIES.
1. Fixed Assets : Fixed Assets are stated at their original cost including frireght,duties ,taxes
and other incidental expenses related to acquisition and installation .
2. Depriciation: Deprecition has been calculated on the written down , method at the rates
specified in Income Tax Act , 1961.Leasehold land is amortised over the lease period.
3. Investment: Investment made by the Company, in shares are meant to be held over
long term period and are stated at cost.
4. Revenue Recognition; As per requirement of the Companies ( Amendment) Act,1988
all expenses and income are accounted for on accrual basis except the following,
which are accounted for on cash basis.
a) Contribution to Provident Fund.
b) Bonus.
c) Insurance
d) Leave salary and pension contribution.
e) Interest on certificate cases.
f) Interest on Fixed Deposits
5, 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.
B CONTIGENT LIABILITIES:
1.a) On account of Guarantee given by the corporation to the Banks for the loans sanctionedfor
construction of cinema halls and production of films amounting to Rs.2,05,62,590.00 (Previous year Rs.2,05,62,590/-).
as per the tripaitite agreement executed for the purpose.
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) Total Income Tax demand of Rs.19,48,780/- has been considered as contigent liability pending finalisation of appeals.
and the advance tax of Rs.1199400/- paid against that is reflected under loans and advances.
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./- 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 even though the Board of Directors of the Subsidiary Company I.e.
Kalinga Studios Ltd. approved / allotted the shares in 1990=91
7 Remuneration to Managing Director is comprised of :
Basis Pay 123,475
Dearness Allowance 45,663
House Rent Allowance and others 4,522
8 Remuneration to Auditors is Rs.6,300/- (Previous year Rs.6,000/-)
9 The Audit Fees shown under Schedule-14 includes Internal Audit Fees of Rs.10,200/-
31ST MARCH, 2000
10 The followings are taken under piror period expenditure account.
a) Legal Expenses 2,000
b) Staff Liveries 3,020
c) Children Film Festival -
d) T.A. To Staff -
e) Fees towrds Income Tax -
f) Legal Fees 3,500
g) Refund to Priyanka Movie -
h) Advertisement -
I) Dimond Jublee Expenses -
j) Interst on Soft Loan -
k) Interst on Term loan 501,378
l) Interest on Govt Loan -
m) Fuel and Lubricant -
n) Salary and Wages -
o) Telephone Charges 382
p) Audit Expenses -
q) Office Expenses -
r) Promotional Expenses -
s) Service Charges , Cuttack Municpal Corporation -
t) Film Festival Expenses -
u) T A to Chairman 34,729
v) Gajanana Talkies 7,803
w) Expenses made by Kalinga Studios Ltd 21,676
x) Liabilities for expenses 55,713
TOTAL 630,201
11 The Prior Period Income Represents the following :

i) Guarantee Commission
ii) Depriciation written back
iii) Interest on Soft loan to P.K.Lab 193
iv) Interest on seed capital loan 895
v) House Rent 1,698
vi) 702
TOTAL 3,488
12 Maximum amount due by the Directors or other officers of the Corporation at any time during the year
a) Sri J. Mohanty, Chairman -
b) Sri P. S. Das 35,396
c) Sri P. C. Mohapatra, Jr. Manager (Accounts) 12,544
d) Sri N. Padhy, Jr. Manager 22,554
e) Sri P.K.Misra, Manager 4,946
f) Sri A,K,samal, Asst Manager 4,000
13 Miscellanesous Expenses comprised of:

Office Expenses 25,301
Postage and Telegram 6,794
Newspaper and Periodicals 6,098
Directors Sitting Fees 1,000
Meeting Expenses 6,061
Filing Fees 600
Promotional Eexpenses 6,225
Legal Expenses 20,829
Legal Fees 19,510
Revenue and Non-judiciary stamp / papers 295
Hire Charges 23,131
Fees and Subscription 1,310
Receivaqble written off -
Miscellaneous Expenses 3,569
Project Report 10,000
Trainint Programme 5,500
TOTAL 136,223
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.
16 As Certificate cases have been instituted in respect of old advances

amounting to Rs. 14258520/- no provision for bad and doubtful debt have been made
during the year (previous year Rs. 13997055/-)
STATEMENT SHOWING DETAILS DUE FROM THE COMPANIES UNDER
SAME MANAGEMENTS AS ON 31ST MARCH 2000
Name of the Company Advance Maximum amount Book Debt
outstanding during
the year
1 M/s. Kalinga Studios Ltd., Bhubaneswar
( A subsidiary of the Orissa Film Dev. Corpn. Ltd.) 12440256/- 1737786.90
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

31st March,2000
M/s. Kalinga Studios Ltd., Bhubaneswar
capital of Rs.12,950,400/- capital of Rs.12,950,400/-
the shares worth
Rs.12,949,800/- were held 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.
THE ORISSA FILM DEVELOPMENT CORPORATION LTD.
( A GOVT. OF ORISSA UNDERTAKING )
CHALACHITRA BHAWAN, BUXI BAZAR, CUTTACK – 1.
*******
31ST MARCH, 1999 SCHEDULE "6" FIXED ASSETS
Particulars Original Addition Sold/Dis- Total DEPRECIATION
Cost During the carded Cost Upto Depn. For the Total upto
54,005,000 Year during the 31.03.1999 Deduction Year 31.03.2000
2,480,949 Year
1 2 3 4 5 6 7 8 9 10
10,316,390
12,007,000 1 Land 224,360 -- -- 224,360 43,054 - 2,266 45,320
78,809,339 2 Building 7,039,021 -- -- 7,039,021 28,39,664 - 212481 3,052,145
3 Electrical Equipments 40,174 -- -- 40,174 28,006 - 1,825 29,831
4 EPABX system 24,173 - -- 24,173 12,327 - 1,777 14,104
9,482,224 5 Ele. Fittings 15,888 - -- 15,888 8,106 - 1,167 9,273
4,023,052 6 Furniture and Fixtures 258,802 6,514 -- 265,316 1,73,212 - 13,327 186,539
5,459,172 7 Books & Library 21,743 6,390 -- 28,133 17,528 - 990 18,518
10,000 8 Typewriter & appliances 42,923 -- -- 42,923 39,129 - 948 40,077
5,469,172 9 Motor Car 943,927 -- 5,308 938,619 3,80,270 - 111,670 491,940
18,849,600 10 Calculator 8,042 -- -- 8,042 6,976 - 213 7,189
24,318,772 11 Super Phones 13,087 -- -- 13,087 11,890 - 180 12,070
12 Addressor 1,896 -- -- 1,896 1,794 - 15 1,809
8,691,425 13 Office Eqpts. 54,088 747 -- 54,835 37,930 - 2,480 40,410
10,815,784 14 Projector 265,944 -- -- 265,944 2,05,464 - 15,120 220,584
37,676,649 15 Preview Theatre 432,708 -- -- 432,708 1,47,655 - 28,505 176,160
57,183,858 16 FAX 23,500 -- -- 23,500 16,994 - 1,626 18,620
17 Air Conditioner 42,585 -- -- 42,585 23,690 - 2,834 26,524
2,693,291 18 Video Projector 29,363 -- -- 29,363 29,363 - -- 29,363
-
54,490,567 TOTAL 94,82,224 13,651 5,308 9,490,567 40,23,052 - 397,424 4,420,477
78,809,339 Previous Year 89,92,550 4,93,009 3,335 94,82,224 36,29,372 1724 3,95,404 40,23,052
Contd…….P/2.
31ST MARCH, 1999
2,021,519
3,579,668
5,601,187
2,592,692
1,600,742
395,404
4,588,838
1,012,349
561,309
14,849
465,889
Contd…..P/3.
31ST MARCH, 1999
65,000,000
54,005,000
54,005,000
2,015,060
465,889
2,480,949
10,316,390
10,316,390
12,007,000
12,007,000
Contd……P/4.
31ST MARCH, 1999
1,412,048
1,281,243
2,693,291
337,463
-
1,755
1,321
491
356,747
546,391
2,062
1,180
25,125
475
8,233
-
1,281,243
Contd…….P/5.
31ST MARCH, 1999
12,949,600
5,900,000
1,88,49,600
39,240
914,163
7,037,807
500,000
215
200,000
8,691,425
2,343,934
2,025,666
184,738
134,701
101,519
2,023,052
1,502,174
2,500,000
10,815,784
Contd…….P/7.
31ST MARCH, 1999
32,806
131,525
95,195
1,959,821
6,309,946
111,694
743,579
49,697
1,329,440
13,997,055
11,173,526
43,498
44,772
42,103
1,596,492
500
15,000
37,676,649
Contd………P/8
31ST MARCH, 1999
2,019,636
1,883
2,021,519
4,658
10,100
15,800
142,571
2,500,000
850,068
1,050
4,289
47,526
3,606
3,579,668
261,268
68,093
1,988,755
-
-
7,517
173,000
26,364
55,937
-
11,758
2,592,692
Contd…….P/9.
31ST MARCH, 1999
50,396
66,682
18,842
45,072
6,000
10,200
3,629
46,280
60,270
5,500
194,857
44,233
27,910
465
13,290
40
253,576
-
15,499
6,434
22,026
515,000
10,500
184,041
-
-
1,600,742
Contd….P/10
31ST MARCH, 1999

Contd….P/11
195,406
30,341
35,521
31ST MARCH, 1999
374
300
1,000
4,892
1,000
7,350
702
919
33,019
30,378
88,603
348,747
732
31,680
35
295
907
8,300
576
1,500
561,309
Contd….P/12
13,125
1,724
14,849
28,148
25,061
12,247
24,251
8,376
4,226
925
5,616
2,520
34,619
10,386
43,100
450
55,718
2,280
21,389
34,723
4,997
-
253,576
ny for the year.

sary, to make them
Contd….P/13
Maximum Amount
outstanding during
the previous year
3,162,458
ccounting year.
Extent of Interest
Out of the equity share

capital of Rs.12,950,400/-
the shares worth
Rs.12,949,800/- were held
by the corporation.
W. D. V. W. D. V.
as on as on
31.03.2000 31.03.1999
11 12
179,040 1,81,306
3,986,876 41,99,357
10,343 12,168
10,069 11,846
6,615 7,782
78,777 85,590
9,614 4,215
2,846 3,794
446,679 5,63,657
853 1,066
1,017 1,197
87 102
14,425 16,158
45,360 60,480
256,548 2,85,053
4,880 6,506
16,061 18,895
-- --
5,070,090 54,59,172
54,59,172 53,63,178
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, 2000
SCHEDULE 31ST MARCH, 2000 31ST MARCH, 1999
I. SOURCES OF FUNDS
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
5 NET CURRENT ASSETS : 52,822,811.92 54,490,567.00
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:
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 :
Payment to and Provision for Employees 14 2,316,531.25 2,592,692.00

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

Contd…..P/3.

31ST MARCH, 2000 31ST MARCH, 1999

(Previous year 6,50,000 Equity Shares) 65,000,000.00 65,000,000.00

Govt. of Orissa towards Share Capital 54,005,000.00 54,005,000.00
TOTAL 54,005,000.00 54,005,000.00

As per Last Account 2,480,949.00 2,015,060.00
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
Loan from Government of Orissa 12,007,000.00 12,007,000.00
TOTAL 12,007,000.00 12,007,000.00

Contd……P/4.

* Acceptance 1,390,860.61 1,412,048.00
** Sundry Creditors for Goods, Services and Expenses 1,994,257.47 1,281,243.00
TOTAL 3,385,118.08 2,693,291.00
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 :
Liabilities for Expenses 98,973.20 337,463.00
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.


made to the transferes. 12,949,600.00 12,949,600.00
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 :
I) Current Accounts 1,566,723.69 914,163.00
ii) Fixed Deposit Account 5,770,729.20 7,037,807.00
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

Interest Accrued on Loans and Deposits 1,278,533.31 2,343,934.00
Guarantee Commission Receivable 2,160,736.91 2,025,666.00
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.

Loant to Staff 336,269.00 32,806.00

Advance to Staff 160,323.95 131,525.00
Advance to Others 103,015.00 95,195.00
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

Seed Capital Loan 111,694.20 111,694.00
Loan for Construction of Cinema Houses 557,145.84 743,579.00
Generator Loan 49,697.25 49,697.00

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 against Equity Shares (Kalinga Studios Ltd.) 11,173,526.20 11,173,526.00
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

Loans and Deposits 1,898,090.40 2,019,636.00

Loan to Staff 3,102.80 1,883.00
1,901,193.20 2,021,519.00
Application Fees. 8,020.00 4,658.00

Processing Fees. 11,800.00 10,100.00
Service Charges 43,883.00 15,800.00
Guarantee Commission 135,071.00 142,571.00
Managerial Subsidy / Grant - 2,500,000.00
Rent 851,766.00 850,068.00
Preview Theatre Charges 28,020.00 1,050.00
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.
Travelling and Conveyance : Director 88,626.20 50,396.00

Others 29,778.90 66,682.00
Printing and Stationery 27,898.80 18,842.00
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
Audit Expenses 4,671.50 3,629.00
Electricity Charges 63,171.10 46,280.00
Fuel and Lubricant 82,452.95 60,270.00
Advertisement and Publicity 11,559.90 5,500.00
Telephone Charges 98,646.45 194,857.00
Repair and Maintenance : Vehicles 45,630.71 44,233.00
Others 48,970.30 27,910.00
Bank Charges 8,657.75 465.00
Retainers Fees and Clerkage Expenses 11,050.00 13,290.00
Film Festival Expenses - 40.00
Miscellaneous Expenses 136,222.95 253,576.00
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
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.
b) Bonus.
c) Insurance
6 RETIREMENT BENEFITS:
The company has determined the liability on account of gratuity and comulative liability to date for future payment
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
c) Income Tax demand of Rs.19,48,780/- has been considered as contigent liability pending finalisation of appeals.
4 A sum of Rs.2,266.80 charged as depreciation represents amortisation of the lease hold land for the year.
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
Contd…….P/12

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
i) Guarantee Commission 13,125.00
ii) Refund of Priyanka Movie -
TOTAL - -
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

Office Expenses 25,300.60 25,058.00
Postage and Telegram 6,793.65 8,376.00
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
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
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
the shares worth
by the corporation.
x
*******
SCHEDULE "6" FIXED ASSETS
Particulars Original Addition Sold/Dis- Total DEPRECIATION W. D. V. W. D. V.
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 - -
5 NET CURRENT ASSETS : 55,132,023.00 54,490,567.00
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 :
Payment to and Provision for Employees 14 2,419,210.00 2,592,692.00

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

Contd…..P/3.

(Previous year 6,50,000 Equity Shares) 65,000,000.00 65,000,000.00

Govt. of Orissa towards Share Capital 54,005,000.00 54,005,000.00
TOTAL 54,005,000.00 54,005,000.00

As per Last Account 2,230,933.00 2,015,060.00
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
Loan from Government of Orissa 12,007,000.00 12,007,000.00
TOTAL 12,007,000.00 12,007,000.00
Contd……P/4.
* Acceptance 2,064,913.00 1,412,048.00
** Sundry Creditors for Goods, Services and Expenses 2,290,950.00 1,281,243.00
TOTAL 4,355,863.00 2,693,291.00
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 :
Liabilities for Expenses 141,122.00 337,463.00
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.

made to the transferes. 12,949,600.00 12,949,600.00
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 :
I) Current Accounts 1,424.00 914,163.00
ii) Fixed Deposit Account 7,335,529.00 7,037,807.00
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

Interest Accrued on Loans and Deposits 2,188,560.00 2,343,934.00

Guarantee Commission Receivable 2,160,737.00 2,025,666.00
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.
Loant to Staff 336,950.00 32,806.00

Advance to Staff 150,668.00 131,525.00
Advance to Others 131,218.00 95,195.00

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

Seed Capital Loan 111,694.00 111,694.00
Loan for Construction of Cinema Houses 564,949.00 743,579.00
Generator Loan 49,697.00 49,697.00

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 against Equity Shares (Kalinga Studios Ltd.) 11,173,526.00 11,173,526.00
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
Loans and Deposits 1,884,964.00 2,019,636.00

Loan to Staff 2,065.00 1,883.00
1,887,029.00 2,021,519.00
Application Fees. 7,520.00 4,658.00

Processing Fees. 12,300.00 10,100.00
Service Charges 43,850.00 15,800.00
Guarantee Commission 135,071.00 142,571.00
Managerial Subsidy / Grant 2,012,000.00 2,500,000.00
Rent 851,766.00 850,068.00
Preview Theatre Charges 13,800.00 1,050.00
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.
Travelling and Conveyance : Director 88,626.00 50,396.00

Others 29,779.00 66,682.00
Printing and Stationery 27,899.00 18,842.00
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
Audit Expenses 4,672.00 3,629.00
Electricity Charges 62,592.00 46,280.00
Fuel and Lubricant 82,453.00 60,270.00
Advertisement and Publicity 11,560.00 5,500.00
Telephone Charges 99,084.00 194,857.00
Repair and Maintenance : Vehicles 31,023.00 44,233.00
Others 46,990.00 27,910.00
Bank Charges 9,555.00 465.00
Retainers Fees and Clerkage Expenses 10,200.00 13,290.00
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.
b) Bonus.
c) Insurance
6 RETIREMENT BENEFITS:
The company has determined the liability on account of gratuity and comulative liability to date for future payment
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
c) Income Tax demand of Rs.19,48,780/- has been considered as contigent liability pending finalisation of appeals.
4 A sum of Rs.2,266.80 charged as depreciation represents amortisation of the lease hold land for the year.
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

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
i) Guarantee Commission - 13,125.00
ii) Refund of Priyanka Movie 702.00 -
TOTAL 702.00 -
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

Office Expenses 25,293.00 25,058.00
Postage and Telegram 6,738.00 8,376.00
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
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.)
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
the shares worth
by the corporation.
*******
SCHEDULE – 6 : "6" FIXED ASSETS
Particulars Original Addition Sold/Dis- Total DEPRECIATION W. D. V. W. D. V.
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 1999-2000

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THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

( A GOVERNMENT OF ORISSA UNDERTAKING )

5 NET CURRENT ASSETS : 54,116,638

6 NOTES ON ACCOUNTS AND CONTINGENT LIABILITIES : 15

SCHEDULE 31ST MARCH, 2000

Payment to and Provision for Employees 13 2,307,358

LOSS /PROFIT FOR THE YEAR : (-) 1,069,758

Less : Prior Period Expenditure 630,201

Add : Prior Period Income 3,488

LOSS /PROFIT TRANSFERRED TO BALANCE SHEET (-) 1,696,471

NOTE Schedule 12 to 15 and Schedule 6 referred to above and

31ST MARCH, 2000

SCHEDULE : "1" SHARE CAPITAL :

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

SCHEDULE : "2" RESERVES AND SURPLUS :

Profit and Loss Account

SCHEDULE : "3" CAPITAL RESERVE :

Surcharge from Government 11,249,850

SCHEDULE : "4" LOAN FUNDS :

Loan from Government of Orissa 12,007,000

1,29,496 (Previous year 1,29,496) Equity Shares of Rs.100/- each fully

SCHEDULE : "9" : OTHER CURENT ASSETS :

Loant to Staff 336,269

Loans for Cinema Halls :

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

Loan to Kalinga Studios Limited 925,027

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

Loans and Deposits 1,898,090

SCHEDULE : "12" : OTHER INCOME

Application Fees. 8,020

SCHEDULE : "13" PAYMENT TO AND PROVISION FOR EMPLOYEE :

SALARY AND WAGES :

Managing Director (Including surrender leave salary) 173,660

THE ORISSA FILM DEVELOPMENT CORPORATION LIMITED

Travelling and Conveyance : Director 53,897

A SIGNIFICANT ACCOUNTING POLICIES.

11 The Prior Period Income Represents the following :

13 Miscellanesous Expenses comprised of:

16 As Certificate cases have been instituted in respect of old advances

STATEMENT UNDER SECTION - 212 OF THE COMPANIES ACT, 1995.

Name of the subsidiary company Accounting year ended on

54,490,567 TOTAL 94,82,224 13,651 5,308 9,490,567 40,23,052 - 397,424 4,420,477

31ST MARCH, 1999

31ST MARCH, 1999

31ST MARCH, 1999

31ST MARCH, 1999

31ST MARCH, 1999

31ST MARCH, 1999

ny for the year.

Out of the equity share

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