Average asset of 20 regional parties increased from 24.11 crore to 65.77 crore -Governance Now

Average asset of 20 regional parties increased from 24.11 crore to 65.77 crore

During 2011-12, the regional parties declared maximum assets under FDR/ deposits which amounted to Rs 331.54 crore which increased to Rs 1054.80 crore in 2015-16

GN Bureau | March 9, 2018

#Regional Parties #Political Parties #ADR

The assets of 20 regional parties have zoomed up, shows an analysis of assets and liabilities of 22 regional parties from 2011-12 to 2015-16 carried out by Association for Democratic Reforms (ADR).

The average total asset declared by the 20 regional parties during FY 2011-12 was Rs 24.11 crore which increased to Rs 65.77 crore during FY 2015-16, said the report. It has analysed the assets and liabilities of AAP, AGP, AIADMK, AIFB, BPF, DMDK, DMK, JKPDP, JDS, JDU, JMM, JVM(P), LJP, MNS, RLD, SAD, SFD, Shiv Sena (SHS), SP, TDP, TRS, YSR-Congress.

YSR Congress was registered in March, 2011 and AAP was registered in November, 2012. The average asset declared by these two parties during FY 2012-13 was Rs 1.165 crore which increased to Rs 3.765 crore during FY- 2015-16.

During FY 2011-12, the declared asset of SP was Rs 212.86 crore which increased by 198% to Rs 634.96 crore during FY 2015-16.

SP, AIADMK, AIFB and SHS are the only major regional parties to show a steady increase in their annual declared assets. The total assets of AIADMK between FY 2011-12 & 2015-16 increased by 155% (Rs 88.21 crore to Rs 224.87 crore) while that of SHS increased from Rs 20.59 crore to Rs 39.568 crore (by 92%), said ADR.

During FY 2011-12, the regional parties declared maximum assets under FDR/ deposits which amounted to Rs 331.54 crore (68.77% of total assets) which increased to Rs 1054.80 crore (80.19% of total assets) in FY 2015-16.

The total liabilities declared by the 20 Regional Parties (whose details are available for both FY 2011-12 & 2015-16), was Rs 47.475 crore during FY 2011-12 which increased to Rs 52.21 crore during FY 2015-16.

Rs 2.37 crore was the average liability per party during FY 2011-12, while it was Rs 2.61 crore per party during FY 2015-16.

Total liabilities of YSR-C and AAP for FY 2012-13 were Rs 1.86 crore (an average of Rs 93 lakh per party) and that for FY 2015-16 was Rs 5.03 crore (an average of Rs 2.515 crore per party).

ADR said the highest liabilities during FY 2015-16 were declared by TRS (Rs 15.97 crore) but the party had declared NIL liabilities during FY 2011-12. Second highest liabilities were declared by TDP with Rs 8.186 crore.

Between FY 2013-14 and 2014-15, liabilities of Shiv Sena reduced by 99.78% (Rs 22.21 crore) while that of TDP increased by 259% (Rs 5.906 crore) between FY 2014-15 and 2015-16.

Between FY 2011-12 and 2015-16, the Regional Parties declared a decrease in liabilities under “other liabilities” - Rs 42.47 crore (FY 2011-12) to Rs 32.20 crore (FY 2015-16). Liabilities under “borrowings” showed an increase of 400% or Rs 20.034 crore between FY 2011-12 (Rs 5.006 crore) and FY 2015-16 (Rs 42.47 crore).

As many as 12 Regional Parties have declared NIL borrowings for FY 2011-12 while 9 parties declared NIL borrowings during FY 2015-16.

The total Capital/ Reserve fund set aside by the Regional Parties during FY 2011-12 was Rs 434.635 crore, which increased by Rs 823.535 crore (189.48%) to Rs 1258.17 crore during FY 2015-16, said ADR.

Between FY 2014-15 & 2015-16 the Capital declared by Regional Parties increased by 14.66% or Rs 160.90 crore.

SP has the highest capital of Rs 634.913 crore during FY 2015-16 followed by Rs 257.18 crore of DMK and Rs 224.84 crore of AIADMK.

TDP declared total capital fund of Rs 11.538 crore during FY- 2011-12, which increased to Rs 46.09 crore during FY- 2015-16, an increase of Rs 34.552 crore or 299%.

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