Liabilities
KARACHI WATER AND SEWERAGE BOARD
LIABILITIES
| From Federal and Provincial Governments | Note | Year-2003 | Year-2002 |
| Grant-in-aid | 2.4 | 2,128,052,346 | 2,148,109,388 |
| Grant-in-funding | 9.1 | 3,534,150,504 | 3,534,150,504 |
| Grant from GOS | 9.2 | 1,902,359,000 | 1,002,359,000 |
| Total | — | 7,564,561,850 | 6,684,618,892 |
| From Over seas Development Association | — | 327,350,827 | 327,350,827 |
| Greater 100 MGD Water Supply (KIII) | — | 500,000,000 | 500,000,000 |
| Total========================> | — | 8,391,912,677 | 7,511,969,719 |
| 9.1 Represents receipts from Government of Pakistan (GOP) as counter part funding for projects which are being executed under loans from International Lending Agencies. 9.2 Represents the amount adjusted by the Federal Adjuster (GOP) out of the monthly releases of GOS ON account of Karachi Electric Supply Corporation (KESC), dues payable by the Board vide (GOS) letter No.FD(W&M-I) 14(16) /95, dated April 23, 1996 and furher confirmation by Chief Controller of Billing (KESC) Previously this amount was treated as liability, now the management of the Board is of the view that this amount will not be demanded by the GOS, thus, it is no longer be considered as payable | |||
| Long Term Loans | Note | Year-2003 | Year-2002 |
| International lending agencies | 10.1 | 23,601,650,338 | 22,311,056,938 |
| Provincial Government loan transferred from KDA | – | 104,882,647 | 106,062,647 |
| Loan from Government of Sindh | – | 57,977,000 | 57,977,000 |
| – | 23,764,509,985 | 22,475,096,585 | |
| International lending agencies | – | – | – |
| International Development Association (IDA) | – | – | – |
| –1374 PAK | – | – | – |
| Principal | – | 391,160,292 | 409,170,293 |
| Financial charges | – | (10,801,395) | (20,997,180) |
| – | – | 380,358,897 | 388,173,113 |
| –1652 PAK | – | – | – |
| Principal | – | 673,970,129 | 693,650,128 |
| Financial charges | – | 583,296,936 | 576,102,733 |
| – | – | 1,257,267,065 | 1,269,752,861 |
| –1987 PAK | – | – | – |
| Principal | – | 7,129,400,672 | 7,129,400,672 |
| Financial charges | – | 6,135,843,645 | 5,354,368,311 |
| – | – | 13,902,870,279 | 14,141,694,957 |
| – | – | 14,902,870,279 | 14,141,694,957 |
| Asian Development Bank (ADB) | – | – | – |
| –SF-793 PAK | – | – | – |
| Principal | – | 891,621,100 | 920,292,100 |
| Financial charges | – | 332,729,417 | 327,672,270 |
| – | – | 1,224,350,517 | 1,247,964,370 |
| – | – | – | – |
| –SF-1001 PAK | – | – | – |
| Principal | – | 2,542,281,945 | 2,542,281,945 |
| Financial charges | – | 1,470,410,978 | 1,276,552,487 |
| – | 4,102,692,923 | 3,818,834,432 | |
| – | – | 5,237,043,440 | 5,066,798,802 |
| Commonwealth Development Corporation (CDC) | |||
| L-2747-01 | – | – | – |
| Principal | – | 1,112,470,700 | 1,133,080,700 |
| Financial charges | – | 901,377,983 | 839,059,106 |
| – | – | 2,013,848,683 | 1,972,139,806 |
| – | – | – | – |
| Overseas Economic Co-operation Fund (OECF) | – | – | |
| PK-P40 | – | – | – |
| Principal | – | 1,366,081,393 | 1,079,320,918 |
| Financial charges | – | 81,806,543 | 51,102,455 |
| – | 1,447,887,936 | 1,130,423,373 | |
| Total | – | 23,601,650,338 | 22,311,056,938 |
| Financial charges include commitment and services charges on corresponding loans, and is payable through GOP in Pak Rupees | |||
| Consumer’s Deposits | – | – | – |
| Balance as July 01 | – | 142,853,602 | 129,731,979 |
| Received during the year | – | 13,700,471 | 13,121,623 |
| Balance as at June 30 | – | 156,554,073 | 142,853,602 |
| The above consumer’s deposits amount represents security deposits received from consumers | |||
| Current Maturity of Long-Term Loans | – | – | – |
| International lending agencies | 12.1 | 1,356,456,953 | 1,021,536,953 |
| Provincial Government loan transferred from KDA | – | 27,347,399 | 26,167,400 |
| – | – | 1,383,804,352 | 1,047,704,353 |
| International lending agencies | – | – | – |
| FAP loan IDA 1374-Pak | – | – | – |
| Principal | – | 109,843,468 | 91,833,468 |
| Financial Charges | – | 457,349,627 | 412,339,627 |
| – | – | 567,193,095 | 504,173,095 |
| FAP loan IDA 1652-Pak | – | – | – |
| Principal | – | 80,340,809 | 60,660,809 |
| Financial Charges | – | 396,939,625 | 321,159,625 |
| – | – | 477,280,434 | 381,820,434 |
| – | – | 1,044,473,529 | 885,993,529 |
| Less : Payment made against loan | 12.-1.1 | (145,000,000) | (145,000,000) |
| – | – | 899,473,529 | 740,993,529 |
| – | – | – | – |
| CDC L 2747-01 | – | – | – |
| Principal | – | 20,610,000 | – |
| Financial Charges | – | 62,320,000 | – |
| – | – | 82,930,000 | – |
| FAP loan IDA 793-Pak | – | – | – |
| Principal | – | 106,893,694 | 77,353,694 |
| Financial Charges | – | 267,159,730 | 203,189,730 |
| – | – | 374,053,424 | 280,543,424 |
| – | – | 1,356,456,953 | 1,021,536,953 |
| Payment made against loan | – | – | – |
| Year 1999-2000 | – | 40,000,000 | 40,000,000 |
| Year 1999-2001 | – | 40,000,000 | 40,000,000 |
| Year 2001-2002 (against L-2747 CDC) | – | 65,000,000 | 65,000,000 |
| Total | – | 145,000,000 | 145,000,000 |
| Short Term Deposits | – | – | – |
| Contractor | – | 407,064,515 | 391,881,321 |
| Total | – | 407,064,515 | 391,881,321 |
| Creditors, Accrued and Other Liabilities | — | – | ——- |
| Creditors (for works executed) | —- | 5,056,648 | 7,241,064 |
| Accrued liabilities | 14.1 | 212,670,477 | 415,039,744 |
| Payable to employees -net | 14.2 | 37,098,327 | 12,780,165 |
| Other liabilities | — | – – | 4,165,537 |
| Total========================> | — | 254,825,452 | 439,226,510 |
| Accrued liabilities | — | – | – |
| Interest on loans transferred from KDA and KWSB | — | 54,261,450 | 54,261,450 |
| Medical expenses | — | – | 1,881,091 |
| Gas Charges to Indus Gas | — | 2,519,020 | 2,910,080 |
| Auditor’s remuneration | — | 1,280,000 | 640,000 |
| Payable to KESC | — | 153,764,123 | 355,347,123 |
| Income Tax Payable | — | 362,904 | – |
| Zakat Payable | — | 482,980 | – |
| Total========================> | – | 212,670,477 | 415,039,744 |
| ————————————————— | — | – | – |
| Payable to employees-Net | — | 37,098,327 | 12,780,165 |
| — | — | — | — |
| Note:- Information of web page provided by concerned department | |||
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