General Purpose Financial Audit Report On CPSEs Presented In Parliament

The Compliance Commercial Audit report of 2021 on General Purpose Financial Reports of Central Public Sector Enterprises by Comptroller And Auditor General Of India (CAG) was presented in Parliament on Monday. 

According to the report, there were 697 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India as of 31 March 2020.  

These included 488 government companies, 203 government-controlled other companies and six statutory corporations. 

“The accounts of 427 government companies and corporations indicated that the central government had an equity holding of `4,52,908 crore in share capital.  The loans are given by the central government outstanding as on 31 March 2020 amounted to `3,04,899 crore. Compared to the previous year, the holding of the central government inequity of CPSEs registered a net increase of `48,485 crore and loans outstanding increased by `21,683 crore during 2019-20,” the report said. 

The total market value of shares of 58 listed government companies, the shares of which were traded during 2019-20 stood at 8,39,970 crore as on 31 March 2020. The market value of shares held by the Central Government in 52 listed government companies (excluding six subsidiary companies) stood at 7,87,152 crore as on 31 March 2020. 

A total of 224 government companies and corporations earned a profit of 1,40,976 crore during 2019-20 of which, 68 per cent (`95,311 crore) was contributed by 60 Government Companies and Corporations in three sectors viz., Power, Petroleum & Coal and Lignite. Return on Equity (ROE) in these 224 CPSEs was 15.31 per cent in 2019-20 as compared to 18.69 per cent in 233 CPSEs in 2018-19, the report mentioned. 

According to the report, there were 181 CPSEs that incurred losses during the year 2019-20.  The losses incurred by these companies during the year 2019-20 amounted to `68,434 crore compared to 40,835 crore in 2018-19.

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