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Presented by Dr. B. CHINNASWAMY Chief Accounts Officer & Financial Advisor, BMTC Presented by Dr. B. CHINNASWAMY Chief Accounts Officer & Financial Advisor, BMTC

ORGANIC VIEW OF BMTC • Corporate Office • 5 Operating Divisions • 37 Depots ORGANIC VIEW OF BMTC • Corporate Office • 5 Operating Divisions • 37 Depots • 2 Regional Workshops • 2 Civil Engineering Units • Training Institutes • Hospital and Dispensaries

BMTC steps in to fill the gap… … as the sole provider of City BMTC steps in to fill the gap… … as the sole provider of City public transport with • • • 6300 buses 46 Lakhs passenger trips/day 30% modal split 80000 trips & 13 Lakhs KM daily BMTC owns the following Infrastructure: § Man Power : 32771 § Bus Staff Ratio : 5. 25 • BMTC has emerged as a demand driven mode of public transport with an array of initiatives, projects, and services

ACCOUNTS MANUAL • The computerization of accounting activities started from the day of incorporation ACCOUNTS MANUAL • The computerization of accounting activities started from the day of incorporation i. e. , 15. 08. 1997 • Procedures laid down in the manual for carrying out day to day transactions have been computerized • BMTC is using Accounts Codification of 6 digits for head of accounts that helps in classification, grouping and preparation of final accounts

DEPOT COMPUTERIZATION SYSTEM • In-house developed DCS modules are in depots. They are mainly DEPOT COMPUTERIZATION SYSTEM • In-house developed DCS modules are in depots. They are mainly used for • 1. Traffic & Ticket accounting module • 2. Inventory module • 3. Pay roll module

Profit Plus in the Units • Divisions are using Profit Plus Software for day Profit Plus in the Units • Divisions are using Profit Plus Software for day to day accounting transactions • Units prepare monthly/yearly financial statements and forward them to the Central Offices for consolidation and preparing the monthly general ledger • BMTC Corporate office consolidates the unit TBs – generate Corporate TB by using Profit Plus Software • Prepares monthly Working Results-P/L A/c • Preparation of Annual Budgets • Calculates vehicle wise monthly depreciation using Asset Module

Finalization of Accounts • As a result of Computerization, BMTC finalizes the annual accounts Finalization of Accounts • As a result of Computerization, BMTC finalizes the annual accounts well within the time frame • Section 33 of RTC Act and BMTC Rule No. 55 states that the accounts are to be finalized within 6 months from the closure of the accounting year. • The accounts of 2010 -11 was finalized in a record time and got the Board approval on 31 -05 -11 and sent for AG audit.

Financial Over view (Rs. in crore) Particulars Revenue Misc. income Subsidy from GOK Total Financial Over view (Rs. in crore) Particulars Revenue Misc. income Subsidy from GOK Total Revenue Kms Covered (in Crore) Earning Per KM in paise (EPKM) Total Expenditure Cost Per KM in paise (CPKM) Profit Before Depreciation Net profit 2011 -12 2008 -09 2009 -10 2010 -11 R. E. 907. 50 91. 48 1. 65 1000. 63 40. 62 1012. 29 77. 15 42. 27 1131. 71 44. 17 1211. 24 60. 58 57. 53 1329. 35 45. 80 1415. 58 41. 53 84. 82 1541. 93 46. 95 2463. 15 2561. 85 2902. 37 3283. 85 945. 45 1066. 59 1279. 00 1490. 40 2327. 32 152. 84 97. 66 55. 18 2414. 43 168. 54 103. 41 65. 13 2792. 44 165. 42 115. 07 50. 35 3174. 12 186. 53 135. 00 51. 53

Capital Account and Resources Mobilized (Rs. in Crore) CAPITAL RECEIPTS ACTUAL 2008 -09 2009 Capital Account and Resources Mobilized (Rs. in Crore) CAPITAL RECEIPTS ACTUAL 2008 -09 2009 -10 2010 -11 PARTICULARS Karnataka Govt. 0. 00 PARTICULARS CAPITAL EXPENDITURE ACTUAL 2008 -09 2009 -10 2010 -11 0. 00 0. 25 Land 34. 88 6. 05 1. 76 Term Loan from 40. 00 Commercial Banks 110. 00 24. 00 Buildings & Fixtures 25. 18 38. 30 35. 49 Loan from KUIDFC 0. 00 119. 28 67. 88 PME 1. 39 1. 84 1. 13 Internal resources 373. 80 244. 22 20. 90 Motor Buses 298. 06 291. 39 32. 32 Grants towards Jn. NURM 66. 30 80. 15 87. 99 Domestic Vehicles 0. 27 0. 62 0. 09 2. 19 0. 02 1. 11 118. 13 215. 43 129. 12 480. 10 553. 65 201. 02 Computers Infrastructure under Jn. NURM 480. 10 553. 65 201. 02

CAPITAL INVESTED AS AT 31 -03 -2011 Rs. 1939. 00 Crores CAPITAL INVESTED AS AT 31 -03 -2011 Rs. 1939. 00 Crores

 FIXED ASSETS AS AT 31 -03 -2011 Rs. 1939. 00 Crores. FIXED ASSETS AS AT 31 -03 -2011 Rs. 1939. 00 Crores.

NET WORTH (Rs. in Crores) Net worth represents Capital plus Reserves and Surplus less NET WORTH (Rs. in Crores) Net worth represents Capital plus Reserves and Surplus less Intangible Assets

How the Rupee is spent – 2010 -11 Total Income – Rs. 1329. 35 How the Rupee is spent – 2010 -11 Total Income – Rs. 1329. 35 crore

SUBSIDIES FROM GOVERNMENT 2010 -11 (Rs. in Crores) 1. Student Passes 54. 35 2. SUBSIDIES FROM GOVERNMENT 2010 -11 (Rs. in Crores) 1. Student Passes 54. 35 2. Passes to Freedom Fighters 0. 37 3. Passes to Visually challenged 1. 10 4. Passes to Physically challenged 0. 99 Total 56. 81 5. Capital Contribution by way of infrastructure Grants 0. 25

DEBT MANAGEMENT • BMTC availing term loans for capital expansion programmes purely for purchase DEBT MANAGEMENT • BMTC availing term loans for capital expansion programmes purely for purchase of buses through Commercial Banks • Best possible interest rates • No upfront fee/ incidental charges are paid • Timely repayment of loans • Tenure of fresh loans reduced to 5 years • Availed loan at meager 6% interest rate from KUIDFC to contribute Corporation share for Construction of 10 TTMCs with assistance from GOI & GOK.

BMTC INITIATIVE – Bangalore - IT capital of India, houses two large software companies, BMTC INITIATIVE – Bangalore - IT capital of India, houses two large software companies, attracts international & domestic travelers – Bangalore International Airport (BIAL) upgraded - to accommodate a forecasted increase in traffic due to above – BIAL situated 40 KM NE from the city centre- necessitating providing a dedicated airport shuttle – Airport reflective of the economy - shuttle service to be comfortable, affordable, reliable and at par, globally – Connectivity proved a big challenge for the Government - especially with the traffic that ensued on the roads.

 Continued – BMTC provides more number of Volvo Buses to I. T. corridors Continued – BMTC provides more number of Volvo Buses to I. T. corridors to refrain techies from traveling in their own cars while earning more traffic revenue from these sectors – BMTC performs “Bus day” every month to create awareness among citizens to travel in public transport thereby reducing air pollution – BMTC earn 40% of its traffic revenue through issue of passes like Monthly, Daily, Weekly, Student, Journalists, Physically & Visually Challenged, Freedom Fighters – Regular commuters who buy daily passes can have a ID card and buy the pass at Rs. 5/- less per day – By paying within due date to its suppliers BMTC earns good amount of Non-traffic revenue in the form of PPD.

EMPLOYEES WELFARE SCHEMES • Internal Insurance scheme for the benefit of the dependents of EMPLOYEES WELFARE SCHEMES • Internal Insurance scheme for the benefit of the dependents of the deceased employees introduced. Rs. 3. 00 lakhs is being paid. • Rs. 70. 00 per month from each employee is collected and the management is contributing the equivalent sum to the fund. • Medically Incapacitated & Welfare Fund created for the benefit of Employees. Those Employees who avail voluntary retirement on medical grounds will be drawing 100%, 75%, 50% & 25% of their basic pay from 1 st to 4 th year respectively • Employees payment viz. , salary, Medical reimbursement, P. F. loan, Festival & Education advance are paid through ECS

BMTC’s Infrastructure projects and services • Infrastructure projects and services aim at reducing demand BMTC’s Infrastructure projects and services • Infrastructure projects and services aim at reducing demand of private vehicular traffic inducing a modal shift to public transport • Infrastructure Projects comprise JNNURM funded projects such as Traffic and Transit Management Centres (TTMCs) • 10 TTMCs have already been completed and functioning • Rolling Stock of 1000 Buses procured which include the premium urban city Volvo based A/c services • The above mentioned services are equipped with Intelligent Transport Units (GPS enabled) and Passenger Information System (Voice Announcement)

Vayu Vajra Airport Service • BMTC introduced Vayu Vajra (BIAS) A/c service • Aimed Vayu Vajra Airport Service • BMTC introduced Vayu Vajra (BIAS) A/c service • Aimed at replacing PCUs and IPT - much awaited step in traffic reduction • Success owing to a combination of technology used, management & marketing practices and policies convenient to commuters • Policy: Removing competing services to give impetus to BIAS • Technology: High-end fleet engineering, low floor and comfortable seating made commuting easy, affordable, fast and reliable • Marketing & Finance: Pricing at par with competing private modes, along with innovative pass and other promo pricing • Operations & Management : Continuous monitoring helped address problems. Last mile connect was made available by tie up with Cell Cabs