Liabilities

KARACHI WATER AND SEWERAGE BOARD
LIABILITIES

From Federal and Provincial Governments Note   Year-2003 Year-2002
Grant-in-aid 2.4 2,128,052,3462,148,109,388
Grant-in-funding  9.1 3,534,150,504 3,534,150,504
Grant from GOS  9.2  1,902,359,0001,002,359,000
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)  500,000,000500,000,000
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 agencies10.123,601,650,33822,311,056,938
Provincial Government loan transferred from KDA  104,882,647106,062,647
Loan from Government of Sindh 57,977,00057,977,000
 23,764,509,98522,475,096,585
International lending agencies
International Development Association (IDA)
–1374 PAK 
Principal391,160,292409,170,293
Financial charges(10,801,395)(20,997,180)
380,358,897388,173,113
–1652 PAK
Principal673,970,129693,650,128
Financial charges583,296,936576,102,733
1,257,267,0651,269,752,861
–1987 PAK
Principal7,129,400,6727,129,400,672
Financial charges6,135,843,6455,354,368,311
13,902,870,27914,141,694,957
14,902,870,27914,141,694,957
Asian Development Bank (ADB)
–SF-793 PAK
Principal891,621,100920,292,100
Financial charges332,729,417327,672,270
1,224,350,5171,247,964,370
–SF-1001 PAK
Principal2,542,281,9452,542,281,945
Financial charges1,470,410,9781,276,552,487
 4,102,692,9233,818,834,432
5,237,043,4405,066,798,802
Commonwealth Development Corporation (CDC)   
L-2747-01
Principal1,112,470,7001,133,080,700
Financial charges901,377,983839,059,106
2,013,848,6831,972,139,806
Overseas Economic Co-operation Fund (OECF) 
PK-P40
Principal1,366,081,3931,079,320,918
Financial charges81,806,54351,102,455
 1,447,887,9361,130,423,373
Total23,601,650,33822,311,056,938
Financial charges include commitment and services charges on corresponding loans, and is payable through GOP in Pak Rupees
Consumer’s Deposits
Balance as July 01 142,853,602129,731,979
Received during the year13,700,47113,121,623
Balance as at June 30156,554,073142,853,602
The above consumer’s deposits amount represents security deposits received from consumers
Current Maturity of Long-Term Loans
International lending agencies12.11,356,456,9531,021,536,953
Provincial Government loan transferred from KDA27,347,39926,167,400
1,383,804,3521,047,704,353
International lending agencies
FAP loan IDA 1374-Pak
Principal109,843,46891,833,468
Financial  Charges457,349,627412,339,627
567,193,095504,173,095
FAP loan IDA 1652-Pak
Principal80,340,80960,660,809
Financial  Charges396,939,625321,159,625
477,280,434381,820,434
1,044,473,529885,993,529
Less : Payment made against loan12.-1.1(145,000,000)(145,000,000)
899,473,529740,993,529
CDC L 2747-01
Principal20,610,000
Financial  Charges62,320,000
82,930,000
FAP loan IDA 793-Pak
Principal106,893,69477,353,694
Financial  Charges267,159,730203,189,730
374,053,424280,543,424
1,356,456,9531,021,536,953
Payment made against loan
Year 1999-200040,000,00040,000,000
Year 1999-200140,000,00040,000,000
Year 2001-2002 (against L-2747 CDC)65,000,00065,000,000
Total 145,000,000145,000,000
Short Term Deposits
Contractor407,064,515391,881,321
Total407,064,515391,881,321
Creditors, Accrued and Other Liabilities——-
Creditors (for works executed)—-5,056,648  7,241,064
Accrued liabilities 14.1212,670,477 415,039,744
Payable to employees -net 14.237,098,32712,780,165
Other liabilities  –  –  4,165,537
Total========================>     254,825,452  439,226,510
Accrued liabilities
Interest on loans transferred from KDA and KWSB54,261,450 54,261,450
Medical expenses1,881,091
Gas Charges to Indus Gas   2,519,020 2,910,080
Auditor’s remuneration 1,280,000640,000
Payable to KESC153,764,123355,347,123
Income Tax Payable362,904  –
Zakat Payable482,980 –
Total========================> 212,670,477  415,039,744
—————————————————
Payable to employees-Net 37,098,327 12,780,165
 

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