Page 137 - KRCL ENglish
P. 137
Sr. No.
Emphasis
of Matter Statutory Auditor's Remarks Management Reply
Para:
adjustments in the subsequent reconciliation of accounts, to
years. ensure the true and fair balances
r e e c t i n t h e a c c o u n t s .
Reconciliation/adjustment of
various receivable /payables are
continuous process.
E) We also draw attention to Note No. Total outstanding Principal and
8, 16, 17 & 43.3 of the standalone Interest as on 31st March 2020 as
nancial statements related to loan per the books of KRCL and KRWO
given to Konkan Railway Welfare tallies with each other. However,
Organization (KRWO) wherein the there is lack of clarity in adjustment
principal and interest is overdue to of repayment of loan by KRWO
the tune of Rs. 26.15 Crores. between Principal and Interest. It
Furthermore, there is disparity in will be sorted out in due course.
appropriation / adjustment of part
amount received of Rs. 2.61
Crores whereby the company has
appropriated the amount received
towards interest whereas KRWO
has adjusted the same towards
principal.
F) We draw attention to Note No. 26 of There is substantial delay on the
t h e s t a n d a l o n e n a n c i a l part of various zonal railways to
statements related to Trade raise the invoice and arrange
Payable which includes Rs. 708.20 information to enable KRCL to
Crores in respect of amount due to clear the dues, especially amount
Zonal Railways, out of which Rs. pertaining to previous periods. A
424.38 Crores is outstanding for meeting with SCR had been
more than 1 year, including convened in which SCR has
outstanding of Rs. 278.59 Crores admitted the claim of the
for more than 3 years, as old as corporation for Diesel supplied to
2004-05 and onwards including the extent of Rs.194 Crores upto
old unclaimed amounts. July 2019. SCR's GTKM claim for
this period is being revised for rate
G) We draw attention to Note No. 17 of
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