Fountainhead of Excellence
Madras Management Association
Income & Expenditure for the year ended 31 March, 2022 Schedule No. Year ended Year ended INCOME March 31, 2022 March 31, 2021 Rs. Rs. Events and Conventions
7
Journals (Business Mandate) Programme Activities
8
11,663,055 5,250,473 1,134,359
787,310
14,314,270
9,311,604
Interest 8,193,632 7,951,755 9
7,005,206 6,729,399
Contribution to MMA Activities
- 10,00,000
Subscriptions
Total 42,310,523 31,030,541
Schedule No. Year ended Year ended EXPENDITURE March 31, 2022 March 31, 2021 Rs. Rs. 10
5,956,400 1,363,537
Journals (Business Mandate)
103,249 35,639
Events and Conventions
Programme Activities
11
7,026,448 5,351,233
Other Activities
12
313,091 294,528
Administrative Expenses
13
19,139,524 15,344,948
Depreciation
4
7,017,186 7,764,133
Total 39,555,898 30,154,018 Surplus of Income Over Expenditure Transferred to General Fund
2,754,625 876,523
42,310,523 31,030,541 Accounting Policies and Notes (Schedule 15) The accompanying schedules form an integral part of the Financial Statements.
Place : Chennai Date :
C V Subba Rao President
V Shankar Hon. Treasurer
Ananthi Amarnath
(continued...)
Annual Report 2021-22
17
Fountainhead of Excellence
Madras Management Association
Income & Expenditure for the year ended 31 March, 2022
Year ended Year ended Schedule INCOME March 31, 2022 March 31, 2021 No. Rs. Rs.
8
Events and Conventions Annual Convention 2,258,431 1,437,276 Women Managers Convention 1,406,510 919,001 Management Students Convention 2,056,458 1,503,640 Other Events 5,941,656 1,390,556 Total 11,663,055 5,250,473 Programme Activities Chennai 14,188,468 9,311,604 Other Chapters Salem - Hosur - Erode - Puducherry 59,350 Namakkal 57,658 Attur 8,794 Trichy - -
9
Total 14,314,270 9,311,604 Subscriptions Chennai 6,732,544 6,511,307 Other Chapters Salem 85,553 52,399 Hosur 18,325 8,200 Erode 12,400 10,000 Puducherry 2,400 12,000 Namakkal 70,019 49,993 Attur 79,266 80,400 Trichy 4,700 5,100
7
Total
7,005,206 6,729,399
Year ended Year ended Schedule EXPENDITURE March 31, 2022 March 31, 2021 No. Rs. Rs.
11
Events and Conventions Annual Convention 274,632 584,041 Women Managers Convention 465,688 187,993 Management Students Convention 481,714 188,495 Other Events 4,734,366 403,008 Total 5,956,400 1,363,537 Programme Activities Chennai 6,886,943 5,350,233 Other Chapters Salem - Hosur 1,302 Erode - 1,000 Puducherry 66,794 Namakkal 55,864 Attur 15,544 Trichy - -
12
Total 7,026,448 5,351,233 Other Activities Joint Staff Development Programme 72,375 AIMA Affiliation Fee 240,716 294,528 EDC Programmes - General Programme - -
13
Total 313,091 294,528 Administrative Expenses Annual General Meeting 108,615 44,591 Establishment (Includes PF Contributions, Incentive, Gratuity Provision etc.) 13,474,845 12,150,795 Office Maintenance 2,263,676 2,014,392 Miscellaneous 3,292,387 1,135,170
10
Annual Report 2021-22
Total
18
19,139,524 15,344,948
Fountainhead of Excellence
Madras Management Association
Balance Sheet as at March 31, 2022 Schedule No. As at As at LIABILITIES March 31, 2022 March 31, 2021 Rs. Rs. General Fund 1 396,834,683 393,636,275 Endowment Funds 2 6,945,001 6,945,001 Current Liabilities & Provisions 3 13,165,869 11,405,550 Total 416,945,553 411,986,826 Fixed Assets Tangible Fixed Assets Current Assets Loans, Advances & Deposits
ASSETS 4 5 6
284,832,214 291,579,412 131,188,378 119,531,760 924,961 875,654
Total 416,945,553 411,986,826 Accounting Policies and Notes (Schedule 15) The accompanying schedules form an integral part of the Financial Statements.
Place : Chennai Date : June 3, 2022
C V Subba Rao President
V Shankar Hon. Treasurer
Ananthi Amarnath
Schedule
As at As at Schedule Particulars March 31, 2022 March 31, 2021 No. Rs. Rs. 1
General Fund General Fund Opening Balance b/f 393,636,172 391,221,110 Add: Transfer from Income & Expenditure A/c 2,754,625 876,523 Entrance Fee 125,300 136,800 Infrastructure Development Grant (KAS) 318,586 1,401,842 Total 396,834,683 393,636,275
2
Endowment Funds Women Managers Corpus Fund 50,000 50,000 K Eswaran Memorial Endowment Lecture Fund 1,550,000 1,550,000 Dr KCG Verghese Endowment Lecture Fund 1,000,000 1,000,000 Shri Raghu Pillai Endowment Lecture Fund 1,000,001 1,000,001 MMA & MOP Dr K Nirmala Prasad Endowment Prize 120,000 120,000 R K Swamy Memorial Lecture 1,000,000 1,000,000 Shri V Narayanan (Pond’s) Memorial Endowment Lecture Fund 1,500,000 1,500,000 Shri V Narayanan (Pond’s) Scholarship Fund 725,000 725,000 Total 6,945,001 6,945,001
3
Current Liabilities & Provisions Konrad-Adenauer-Stiftung Project Advance 44,468 2,562,535 Other Payables 3,837,375 1,176,875 ACSYS CSR Project 1,480,664 2,399,025 Super Auto Forge CSR Project 413,759 Library Deposit 335,995 334,995 Advance Subscription / Entrance Fees 4,118,708 2,790,128 Provision for Employee Benefits 2,934,900 2,141,992 Total 13,165,869 11,405,550
5
Current Assets Interest Accrued on Fixed Deposits 512,605 393,256 Cash & Bank Balances: Cash on Hand 176 445 Balances with Scheduled Banks 4,761,572 8,228,614 Fixed Deposits in NBFC/Banks (Schedule 14) 122,000,000 108,500,000 Other Receivables 3,914,025 2,409,445 Total 131,188,378 119,531,760
6
Loans, Advances and Deposits Loans and Advances 44,000 20,500 Deposits 880,961 855,154 Total 924,961 875,654
Annual Report 2021-22
19
Fountainhead of Excellence
Schedule 4 (in Rs)
Madras Management Association
Fixed Assets Opening Balance as on April 1, 2021 A
Particulars
Land
Additions
Deletions
B
C
Depreciation WDV as at for the year March 31, 2022
Total D
E
227,861,320
-
-
52,304,016
-
-
Furniture & Fittings
2,699,524
-
-
2,699,524
269,954
2,429,570
Office Equipments
4,001,351
177,400
-
4,178,751
613,510
3,565,241
672,021
92,588
-
764,609
297,139
467,470
Air Conditioners
2,811,362
-
-
2,811,362
421,704
2,389,658
A/V Equipments
1,229,818
-
-
1,229,818
184,473
1,045,345
Total
291,579,412
269,988
-
291,849,400 7,017,186
284,832,214
Previous year
297,852,360
1,530,322
39,137
299,343,545 7,764,133
291,579,412
Building
Computers including Softwares
227,861,320
(D-E)=F
-
227,861,320
52,304,016 5,230,406
47,073,610
Investments with Banks and Institutions
Schedule 14 (in Rs)
Fixed Deposits at Cost As at March 31, 2022 Rs.
As at March 31, 2021 Rs.
INVESTMENTS Axis Bank Ltd
2,000,000
3,500,000
Housing Development Finance Corporation Ltd
25,000,000
25,000,000
PNB Housing Finance Ltd
10,000,000
3,000,000
Sundaram BNP Paribas Home Finance Ltd
36,000,000
36,000,000
LIC Housing Finance Ltd
18,000,000
18,000,000
Can Fin Homes Ltd
23,000,000
23,000,000
Equitas Small Finance Bank Ltd
2,500,000
-
Fx HDFC Floating Rate Debt Fund 11032022
3,000,000
-
FX IDFC Mutual Fund Collection A/c 11032022
2,500,000
-
122,000,000
108,500,000
Total
Place : Chennai Date :
Annual Report 2021-22
C V Subba Rao President
V Shankar Hon. Treasurer
20
Ananthi Amarnath