THE COSMOS CO-OPERATIVE BANK LTD.,
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2007.
PREVIOUS		EXPENDITURE	SCH	CURRENT	PREVIOUS		INCOME		SCH	CURRENT
YEAR				YEAR	YEAR					YEAR
Rs.          Ps.				Rs.         Ps.	Rs.          Ps.					Rs.           Ps.
1,939,535,094.30	1.	INTEREST ON DEPOSITS BORROWINGS ETC.		2,223,096,808.56	3,057,238,651.48	1.	INTEREST & DISCOUNT			3,466,534,450.47
321,806,952.54	2.	SALARIES, ALLOWANCES, PF, CONTRIBUTION & GRATUITY ETC.		370,972,105.80	40,330,917.65	2.	PROFIT ON SALE OF SECURITIES			10,033,561.18
514,132.30	3.	DIRECTOR'S FEES & ALLOWANCES		621,194.83	135,038,314.75	3.	COMMISSION, EXCHANGE & BROKERAGE (NET)			176,458,245.83
123,341,396.10	4.	RENT, TAXES, INSURANCE, LIGHT ETC.		140,688,496.29	---	4.	INTEREST RECOVERY ON NPAS WRITTEN OFF			4,403,523.88
408,950.00	5.	LEGAL CHARGES		1,125,970.00		5.	OTHER RECEIPTS
12,868,958.32	6.	POSTAGE, TELEGRAM & TELEPHONE		13,963,853.20	68,877.96		Rent	64,063.56
3,581,703.00	7.	AUDITORS FEE		5,099,007.00	275,213.00		Share Transfer Fee , Form Fee etc.	470,639.00
108,574,498.42	8.	DEPRECIATION, REPAIRS, MAINTENANCE TO BANK'S PROPERTY		124,734,217.25	9,254,908.00		Locker Rent	11,836,784.00
22,909,465.26	9.	STATIONERY, PRINTING, ADVT. SADIL ETC.		46,731,877.95	3607263.01		Other Income	3,861,832.26
22,185,303.26	10.	PREMIUM ON SECURITIES WRITTEN OFF		30,617,248.56	17915962.95		Depository Income	15,072,835.05
33,377,647.99	11.	OTHER EXPENDITURE	"K"	48,306,805.99	---		Principal Recovery in NPAs W/off.	51,573,654.27
---	12.	NPAs WRITTEN OFF		1,283,090,000.00				82,879,808.14		82,879,808.14
	13.	FURTHER DEDUCTION IN TERMS OF SECTION 62(2)				6.	CREDIT FROM BAD & DOUBTFUL DEBT
		OF MULTI STATE CO-OP. SOCIETIES ACT, 2002.			---		RESERVE FOR NPAS W/OFF.			1,283,090,000.00
185,236,579.05	a)	Bad & Doubtful Debts Reserve (in pursuance of Sec.36(1)(vii)(a) of I.T. Act		289,529,344.54	---	7.	CREDIT FROM FLOATING NPA RESERVE			289,530,000.00
---	b)	Contingent Prov. Against Standard Assets		41,890,000.00	136,860,453.40	8.	CREDIT FROM INVESTMENT FLUCTUATION RESERVE			228,261,300.48
11,352,120.00	c)	Overdue Interest Reserve		8,864,850.00		9.	EXCESS PROVISION IN AMOUNT EARMARKED
---	d)	Investment Diminution Reserve		27,790,000.00			FOR VAIBHAV BANK LOSSES & PROVISION
136,860,453.40	e)	Investment Depreciation Reserve		228,261,300.48	369,884.98		WRITTEN BACK.			5,763,745.37
---	f)	Provision for Merged Bank Losses		53,416,000.00		10.	EXCESS PROVISION IN INVESTMENT
503,645,396.57	14.	PROFIT BEFORE TAX		608,155,554.90	10,000,000.00		DIMINUTION RESERVE WRITTEN BACK			---
1,096,501.00		LESS: FRINGE BENEFIT TAX		4,470,910.00	15,238,203.33	11.	PRIOR PERIOD ADJUSTMENT IN DEPRECIATION			---
---		(ADD) / LESS: DEFERRED TAX		---
1,300,000.00		LESS: INCOME TAX		500,000.00
501,248,895.57		PROFIT AFTER TAX CARRIED TO BALANCE SHEET		603,184,644.90
		NOTES ON ACCOUNTS	"L"
3,426,198,650.51				5,546,954,635.35	3,426,198,650.51					5,546,954,635.35
NOTES ON ACCOUNTS FORM PART OF ACCOUNTS					Signature to the Accounts including Schedules and Notes on Accounts
PER OUR REPORT OF EVEN DATE							FOR COSMOS CO-OPERATIVE BANK LTD.,
FOR YARDI PRABHU & ASSOCIATES            FOR S. D. MEDADKAR & CO.			FOR M/s. P.G.BHAGWAT				MUKUND L. ABHYANKAR
CHARTERED ACCOUNTANTS                         CHARTERED ACCOUNTANTS			CHARTERED ACCOUNTANTS				CHAIRMAN		MANAGING DIRECTOR
(SUDHAN D. YARDI)                                                 (SURENDRA WAIKAR)			(GHANASHAM RANADE)				MADHUKAR W. ATRE            AJEY L. BHAVE         ARVIND B. DESHPANDE       VILAS P. JOG
PARTNER.		PARTNER	PARTNER		NAYAN R. LAGAD		DIRECTOR                             DIRECTOR                  DIRECTOR                           DIRECTOR
M. NO: 22887		M. NO: 40590	M.NO.100151		GENERAL MANAGER
(STATUTORY AUDITOR)		(STATUTORY AUDITOR)	(INTERNAL AUDITOR)
							PRALHAD B.KOKARE   GOVIND R.KSHIRSAGAR   PRAMOD D.PARKHI  SUREKH S.VANARASE
PLACE:  PUNE					UMESH C.DATAR		DIRECTOR                     DIRECTOR                        DIRECTOR                 DIRECTOR
DATED:					STAFF REPRESENTATIVE