Audit Reports
Commercial
Report No. 2 of 2014 - Compliance Audit on General Purpose Financial Reporting of Central Public Sector Enterprises of Union Government, Commercial
Overview
As on 31 March 2013, there were 525 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 358 government companies, 161 deemed government companies and six statutory corporations. This Report deals with 327 CPSEs (including six statutory corporations) and 137 deemed government companies. This Report does not include 61 companies (including 24 deemed government companies) whose accounts were in arrears for three years or more or were defunct/under liquidation or first accounts not received or first accounts were not due.
The accounts of 327 CPSEs indicated that the Government of India had an investment of RS 2,25,037 crore in share capital and had loans outstanding amounting to RS 50,437 crore as on 31 March 2013. Compared to the previous year, investment by the Government of India (GOI) in equity of CPSEs registered a net increase of RS 19,652 crore and loans given to them decreased by RS 2,840 crore. The GOI realised RS 23,956 crore on disinvestment of its shares in eight CPSEs.
The market value of shares of 44 listed government companies, which were traded as per prices prevailing in stock markets on 31 March 2013 stood at RS 11,10,382 crore. Market value of shares held by the Government of India stood at RS 8,30,913 crore as on 31 March 2013.
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- Index
- Preface
- Executive Summary
- General Purpose Financial Reporting of Central Public Sector Enterprises
- Oversight Role of CAG
- Corporate Governance
- Convergence of Indian Accounting Standards with IFRS
- Chapter 5 - Compliance with DPE Guidelines
- Chapter 6 - Corporate Social Responsibility
- Chapter 7 - Public Private Partnerships and Joint Ventures
- Appendices