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Compliance Financial Performance
Assam

Report of 2011 - - Report of C&AG of India (Commercial) for the year ended 31 March 2011 (Report No. 4) Government of Assam

Date on which Report Tabled:
Date of sending the report to Government
Government Type
State
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Sector Power & Energy,Industry and Commerce,Agriculture and Rural Development,Education, Health & Family Welfare

Overview

Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by CAG. These accounts are also subject to supplementary audit conducted by CAG. Audit of Statutory corporations is governed by their respective legislations.

As on 31 March 2011, the State of Assam had 40 working PSUs (36 companies and 4 Statutory corporations) and 10 non-working PSUs (all companies), which employed 37,308 employees. The PSUs registered a turnover of Rs. 2,647.54 crore for 2010-11 as per their latest finalised accounts. This turnover was equal to 2.54 per cent of State GDP indicating an important role played by State PSUs in the economy. The PSUs earned a profit of Rs. 2.22 crore for 2010-11 and had accumulated losses of Rs. 1,091.09 crore.

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