NSP Financial Update
Author: Kaushal Raj Sapkota
Post Date: 2/3/2013
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The executive committee members of Nationwide Scholarship Program updated SEBS with their financial statement of the year till Poush 2069. Auditor Birendra Panthi (KHA 0686/059 ICAN) on his audited report dated 30.01.2013 presented the financial details on NSP as under:
Total Fixed Deposit Bank Balance: NRs. 30,00,000/-
Manakamana Development Bank Pvt. Ltd. NRs. 15,00,000/-
ILFC NRs. 15,00,000/-
Total Ending Bank Balance in Saving Accounts: NRs. 78, 190/-
Manakamana Development Bank Pvt. Ltd. NRs. 13,941/-
NCC Bank NRs. 10,734/-
ILFC NRs. 40,027/-
Lumbini Leasing and Finance Co. NRs. 13,488/-
Total Income: NRs. 2,22,792/-
Total Expenses (Operating): NRs. 2,88,851/-
Tax on Interest: NRs. 30,830/-
The executive committee carefully checked the financial statements and confirmed with the auditor in coming to a conclusion that NSP accounts have been handled carefully and is without any financial irregularities. The committee hereby would like to label the issues surrounding two of NSP officials raised by our valuable members not to be an organizational offence and that our accounting books have not been manipulated or misused. The case was purely personal.
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