NISHA AGARWAL
CHIEF EXECUTIVE OFFICER - OXFAM INDIA

Nisha has been working on poverty, inequality and development issues for more than two decades. She has been the CEO of Oxfam India since its inception in March 2008. Prior to that, she has worked with the World Bank on development issues for 18 years. Nisha has extensive experience of working in countries in East Asia (Cambodia, Vietnam and Indonesia) and East Africa (Tanzania, Kenya and Uganda). She has a Doctorate in Economics from the University of Virginia, Charlottesville, Virginia, USA. She has also worked as a Research Economist at the Impact Research Centre, University of Melbourne, Australia

SHAIK ANWAR
DIRECTOR, PROGRAMMES AND ADVOCACY

Anwar has been working in the development sector in India for over 22 years. He has been working on a wide range of issues including poverty, socio-economic development of rural communities and livelihood of socially excluded groups. He has been with Oxfam India for six years and led programmes on various themes . Prior to working with Oxfam India, he has worked with Center for World Solidarity (CWS) on a range of developmental initiatives including agriculture, natural resource management and community development. He has conducted research work on common pool resources. Anwar enjoys networking and is passionate about working on community development processes.

VIVEK SHARMA
DIRECTOR - BRANDING, MARKETING AND COMMUNICATIONS

A Stanford University Business School graduate, Vivek's last assignment was as Communications Director with Greenpeace India. There he led the strategic direction for the communications agenda and also contributed to co-create the global communications strategy framework for Greenpeace. Prior to that, he has been associated with organisations like Centre for Science and Environment, Development Alternatives, and Peepul Tree Initiative.

RINA SONI
DIRECTOR - MARKETING AND STRATEGIC PARTERERSHIPS

Rina is a financial sector professional with over 18 years of experience in sales and business development, strategic planning and marketing, across the consumer finance and insurance industry. She is an Economics (Hons.) graduate from Miranda House, Delhi University and an MBA from Jiwaji University. She was part of the founder's team at Max Life Insurance Co. Ltd. and has been well recognised for her contributions in the many roles she assumed within the organisation. She last worked as Vice President, Marketing, with Max Life Insurance Co. Ltd. Prior to this, she has also worked with Bank of Punjab and Capital Trust Limited.

SANJIV RAY
DIRECTOR, OPERATIONS

Sanjiv is a Chartered Accountant with more than 26 years of experience in both, private and non-profit sectors. Before joining Oxfam India, he has worked in development organisations like Welthungerhilfe and DFID in Delhi, and the Centre for People and Forests in South East Asia, where he managed Corporate Services and oversaw the function in multiple countries. He has also worked in Finance and Audit functions at Price Waterhouse Cooper (PWC) and the Tata group at the beginning of his career.

RANU BHOGAL
Director, Policy, Research and Campaigns

Ranu has been working in the development sector for more than 27 years, with specialisation on issues across Water, Gender, Governance, Sustainable Development, Education, Health, Food Security and Dalit and Tribal community. She has been involved in Policy analysis and dialogues on issues of livelihood, environment, and forest rights. She has also been engaged in working with State and Central Government specifically with Madhya Pradesh and Chhattisgarh. She has a deep understanding of ground realities which will support her policy-influencing work in Oxfam.

NOTES TO FINANCIAL STATEMENTS

AS ON MARCH 2015

Note 1: Background

Oxfam India (the Company) is a not for profit Company limited by guarantee without share capital incorporated u/s 25 of the Indian Companies Act, 1956 with its registered office at New Delhi. The Company is a rights based organisation that fights poverty, injustice and exclusion by linking grassroots programming through partner NGOs to local, national and global advocacy and policy making.

Note 2: Basis of preparation

The financial statements have been prepared under the historical cost convention, on an accrual basis, in accordance with the applicable Accounting Standards prescribed by the Institute of Chartered Accountants of India (ICAI) to the extent applicable and provisions of the Companies Act, 1956, except grant paid to partners. Refer note 2.1 (c) for details. The financial statements are presented in and all values are rounded to the nearest thousand (`000) except when otherwise indicated

2.1 Summary of Significant Accounting Policies

a) Use of Estimates

"The financial statements have been prepared under the historical cost convention, on an accrual basis, in accordance with the applicable Accounting Standards prescribed by the Institute of Chartered Accountants of India (ICAI) to the extent applicable and provisions of the Companies Act, 1956, except grant paid to partners. Refer note 2.1 (c) for details." The financial statements are presented in INR (`) and all values are rounded to the nearest thousand (`000) except when otherwise Indicated.

b) Accounting for Grants/Donations

(i) Grant /Donations

Only those Grants / Donations are accounted for as Income which have been accrued and become due as per the sanctions of the funding/donor agencies. Donations received in kind are not valued or accounted for in the books of account. During the year, donations worth `2,109 have been received from various corporate donor


(ii) Interest Income

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the interest rate applicable. Interest income is included under the head "other income" in the statement of income and expenditure.

c) Expenditure

Grants made to other partners/projects are accounted for in the year of disbursement. Refunds of unutilised grants with partners which have been refunded to the Company have been reduced from grants paid to partners in the year in which it is received.

d) Provisions and Contingencies

A provision is recognised when the Company has a present obligation as a result of a past event, when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and reliable estimate can be made of the amount of the obligation. A contingent liability is recognised where there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Contingent assets are neither recognised nor disclosed in the financial statements.

e) Cash and Cash Equivalents

Cash and cash equivalents for the purpose of cash flow statements comprise cash at bank and in hand and short-term investments with an original maturity period of three months or less.

f) Income Tax

The Company is exempt from income tax under Section 12AA of the Income Tax Act, 1961 and hence no provision for taxation is required for current year tax expense. Since the Company is exempt from Income tax, no deferred tax (asset or liability) is recognised in respect of timing differences.