FINANCIAL DETAILS

         Andhra Pradesh Forest Development Corporation Ltd., (APFDC) is a fully AP Govt. owned Company registered under the Indian Companies Act in the year 1975.

·         The Authorized Share Capital of APFDC is Rs.14.58 Cr. (Total Rs.25.00 Cr. APFDCL Rs.14.58 Cr. And TSFDCL Rs.10.42 Cr.).   The Government of India and Andhra Pradesh State Government provided capital of Rs.2181.869 lakhs (GOI Rs.50.00 lakhs and undivided AP Govt. Rs.2131.869 lakhs i.e., in the ratio 2:98).  After bifurcation of the Corporation into Telangana State Forest Development Corporation Ltd., the residual APFDC Ltd., left with the Capital of Rs.1272.466 lakhs as its share of Capital. (GOI 29.16 lakhs, AP State Govt. Rs.1243.306 lakhs).  The Corporation was registered as a Company with the Registrar of Companies under Companies Act also granted with Trust Status under Section 12 A of Income Tax Act. 

·         APFDC has been making profits since 1991-92.  The Cumulative Profit as on 31.03.2015 is Rs.304.7867 Cr.

           The year-wise profits of the Company are as follows:

Note:

              1. The Net Profit in Col. No. 3 is after transfer to Plantation Reserve.

·         2. The Net Profit during the year depends on the Eucalyptus and Bamboo Plantations areas coming for harvesting as per Management Plan.

·         3. This also depends on actual Coffee and Cashew yields.

·         4. The profit earned also depends on raising and maintenance of new and younger plantations.

·         5. More information can be found in the year-wise Accounts of the company.

·         6. Due to bifurcation of state and consequent formation of TSFDC, the share capital has been distributed between APFDC & TSFDC.