Executive Summary:
This document is a corrigendum to the Institute of Chartered Accountants of India's Annual Report and audited accounts for the year ended March 31, 2017, which was originally published on September 29, 2017. The corrigendum, dated December 21, 2017, rectifies certain printing errors that were noticed in the English version of the report.
Key Points / Main Content:
* **Corrections to Specific Pages:**
* Page 146, 147, 148 and 167: The date "New Delhi, September, 2017" should be read as "New Delhi, September 14, 2017."
* **Corrections to Financial Figures (Page 147):**
* **For 2017:**
* Cash and Cash equivalents at beginning of the year: 5,420 should be read as 5,085.
* Cash and Cash equivalents at closing of the year: 5,370 should be read as 5,035.
* **For 2016:**
* Net surplus after prior period adjustments: 7,155 should be read as 6,820.
* Operating surplus before Working Capital changes: 1,914 should be read as 1,579.
* Operating surplus after working capital changes: 5,633 should be read as 5,298.
* Cash generated from operating activities A: 5,426 should be read as 5,091.
* Net decrease in cash and cash equivalents ABC: 607 should be read as 942.
* Cash and Cash Equivalents as closing of the year: 5,420 should be read as 5,085.
* **Corrections to Tangible Assets (Page 155, Note No. 9):**
* Cost at the beginning of the year for 2016 for Freehold land and Buildings be read as 15,690 and 26,932 respectively.
* Cost at the end of the year for the year 2017 and 2016 for Freehold land, Leasehold land, Buildings, Lifts, electrical installations and fittings, Computers, Furniture and fixtures, Air conditioners and office equipments, Library books and Total be read as 19,214, 18,817, 5,880, 5,683, 28,441, 27,789, 1,863, 1,806, 5,130, 4,868, 4,194, 4,072, 4,800, 4,585, 1,007 and 70,664, 68,721 respectively.
* Accumulated depreciation at the end of the year for the year 2017 and 2016 for Buildings, Lifts, electrical installations and fittings, Computers, Furniture and fixtures, Air conditioners and office equipments, Library books and Total be read as 6,600, 5,492, 1,063, 4,768, 4,384, 1,992, 1,758, 2,849, 2,534, 1,007 and 19,049, 16,782 respectively.
* Net book value at the end of the year for the year 2017 and 2016 for Freehold land, Leasehold land, Buildings, Furniture and fixtures, Air conditioners and office equipments, and Total be read as 19,214, 18,817, 5,211, 5,100, 21,841, 22,297, 2,202, 2,314, 1,951, 2,051 and 51,615, 51,939 respectively.
* **Corrections to Earmarked Funds (Page 157, Note 13):**
* The figure 17,551 against the item Earmarked Funds Note 4 be read as 17,383.
* **Corrections to Others (Page 158, Note 13):**
* The figure 53,066 against the item Others be read as 53,234.
* **Corrections to Other Expenses (Page 160, Note No. 21):**
* **For 2016:**
* Prior period adjustments Net Note 22: 5 should be read as 340.
* Total: 21,354 should be read as 21,689.
Impact Analysis:
Stakeholders: Users of the Institute of Chartered Accountants of India's Annual Report and Audited Accounts.
* Impact: The original report contained printing errors that could have led to inaccurate financial analysis. The corrigendum ensures that stakeholders have access to correct financial data.
* Action Required: Stakeholders should update their copies of the Annual Report with the corrected figures provided in this corrigendum.
Key Entities Referenced
The Institute of Chartered Accountants of India: An organization set up by an Act of Parliament, whose Annual Report and audited accounts are referenced in the notification.
New Delhi: The city where the notification was issued and where errors in the Annual Report were rectified.
Gazette of India: The official government publication in which the notification and the original Annual Report were published.
Annual Report: The report of The Institute of Chartered Accountants of India containing audited accounts of the Institute for the year ended 31st March, 2017, which contained printing errors.
28th September, 2017: Date of the original Notification No. 1CA5682017 which is being corrected by this corrigendum.
31st March, 2017: The end date of the year for which the Institute of Chartered Accountants of India's Annual Report was prepared.
Ring Road, Mayapuri, New Delhi: Location of the Government of India Press.
Controller of Publications, Delhi: The publisher of the Gazette of India.
REGD. NO. D. L.-33004/99
EXTRAORDINARY
III—
PART III—Section 4
PUBLISHED BY AUTHORITY
479]
No. 479] NEW DELHI, THURSDAY, DECEMBER 21, 2017/ AGRAHAYANA 30, 1939
शुद्धिपत्र
ubZ fnYyh] 21 fnlEcj] 2017
.—भारत के राजपत्र, असाधारण, भाग III, खंड 4, सं. 377 तारीख
29 द्धसतंबर, 2017 में भारतीय चार्टड ट अकाउंर्ेंर् संस्थ ान की अद्धधसूचना सं. 1-सीए(5)/68/2017 तारीख 28
द्धसतंबर, 2017 में संस्थान के 31 माच,ट 2017 को समाप्त हुए वर् ट के द्धिए वार्र्टक ररपोर्ट और संपरीद्धित िेख े
अंतर्वटष्ट थ,े द्धिन् दी संस्क रण में कद्धतपय मुद्रण संबंधी त्रुरर्या ं जानकारी में आई ि ैं । इन त्रुरर्यों को नीच े ददए गए
ब्यौरे के अनसु ार शुद्धिपत्र के माध्यम स े ठीक दकया जा रिा ि ै :--
1. पृष्ठ 68 – पंद्धि 24 – "136" अंकों के स्थान पर "(136)" पढें ।
2. पृष्ठ 77 की सारणी में, स्त ंभ 1 की “जोड े : आय और व् यय के द्धववरण स े द्धवद्धनयोग” प्रद्धवद्धष् र् के सामने
स्त ंभ 9, 10 और 11 की द्धवद्यमान प्रद्धवद्धष् र्यों के स् थान पर रमशमश: “-”, “834”, “1198” पढें ।
वी. सागर, सद्धचव
[foKkiu&III@4@vlk-@356@17]
7309 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
[Set up by an Act of Parliament]
CORRIGENDUM
New Delhi, the 21st December, 2017
No.1-CA(5)/68A/2017/.— In the Notification No. 1-CA(5)/68/2017 dated 28th September, 2017
published in Part III Section 4 of the Gazette of India, Extraordinary No. 377 dated 29th September,
2017, of the Institute of Chartered Accountants of India containing Annual Report and audited accounts
of the Institute for the year ended 31st March, 2017 certain printing errors were noticed in English
version. These errors as per details given below are hereby rectified by way of this Corrigendum:-
1. Page 146 and 147 – 11th line, Page 148 – 16th line and Page 167 – 9th line – the words and figures
“New Delhi, September , 2017” be read as “New Delhi, September 14, 2017”.
2. Page 147 - In the table – certain figures for the years 2017 and 2016 have been misprinted. The
correct figure be read as under:-
A. For the year 2017 –
(i) The figure “5,420” against the item ‘Cash and Cash equivalents at beginning of the year’ be
read as “5,085”.
(ii) The figure “5,370” against the item ‘Cash and Cash equivalents at closing of the year’ be
read as “5,035”.
B. For the year 2016 –
(i) The figure “7,155” against the item ‘Net surplus after prior period adjustments’ be read as
“6,820”.
(ii) The figure “1,914” against the item ‘Operating surplus before Working Capital changes’ be
read as “1,579”.
(iii) The figure “5,633” against the item ‘operating surplus after working capital changes’ be read
as “5,298”.
(iv) The figure “5,426” against the item ‘Cash generated from operating activities (A)’ be read
as “5,091”.
(v) The figure “(607)” against the item ‘Net decrease in cash and cash equivalents (A+B+C)’ be
read as “(942)”.
(vi) The figure “5,420” against the item ‘Cash and Cash Equivalents as closing of the year’ be
read as “5,085”.
3. Page 155 – In the table for the Note No. 9: Tangible Assets – certain figures have been misprinted as
“###”, therefore, the correct figure in the said table be read as under:-
(i) The figures towards the ‘Cost at the beginning of the year’ for the year 2016 for “Freehold
land” and “Buildings” be read as “15,690” and “26,932” respectively.
(ii) The figures towards the Cost at the end of the year for the year 2017 and 2016 for “Freehold
land”, “Leasehold land”, “Buildings”, “Lifts, electrical installations and fittings”, “Computers”,
“Furniture and fixtures”, “Air conditioners and office equipments”, “Library books” and
“Total” be read as “19,214, 18,817”, “5,880, 5,683”, “28,441, 27,789”, “1,863, 1,806”, “5,130,
4,868”, “4,194, 4,072”, “4,800, 4,585”, “1,007” and “70,664, 68,721” respectively.III 3
(iii) The figures towards the Accumulated depreciation at the end of the year for the year 2017 and
2016 for “Buildings”, “Lifts, electrical installations and fittings”, “Computers”, “Furniture and
fixtures”, “Air conditioners and office equipments”, “Library books” and “Total” be read as
“6,600, 5,492”, “1,063”, “4,768, 4,384”, “1,992, 1,758”, “2,849, 2,534”, “1,007” and “19,049,
16,782” respectively.
(iv) The figures towards the Net book value at the end of the year for the year 2017 and 2016 for
“Freehold land”, “Leasehold land”, “Buildings”, “Furniture and fixtures”, “Air conditioners
and office equipments”, and “Total” be read as “19,214, 18,817”, “5,211, 5,100”, “21,841,
22,297”, “2,202, 2,314”, “1,951, 2,051” and “51,615, 51,939” respectively.
4. Page 157 - In the table for Note 13 – the figure “17,551” in the last column against the item
‘Earmarked Funds (Note # 4)’ be read as “17,383”.
5. Page 158 - In the table for Note 13 – the figure “53,066” in the last column against the item
‘Others’ be read as “53,234”.
6. Page 160 – In the table for the Note No. 21: Other Expenses – certain figures for the year 2016 have
been misprinted. The correct figure be read as under:-
(i) The figure “5” against the item (m) Prior period adjustments (Net) (Note- 22) be read as
“340”.
(ii) The figure “21,354” against the item Total be read as “21,689”.
V. SAGAR, Secy.
[ADVT.-III/4/Exty./356/17]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.