Kathmandu. The government-owned Sajha Yatayat Company has incurred a loss of more than Rs 70.7 million in the fiscal year 2081÷82. According to the company’s financial report, the company has incurred a net loss of Rs 70.7 million in the current fiscal year.

Similarly, the authorized capital of the company is Rs 5 billion and the issued and paid-up capital is Rs 3.53 billion. The net worth of the company stands at Rs 4.25 billion.

According to the financial statements, there is no principal and interest liability on the Government of Nepal and banks and financial institutions. The company has invested Rs 5,30,000 in the shares. Out of the revenue due to be paid to the Government of Nepal, Rs. Rs 18.26 lakh is due and there is no arrears under the headings of income tax, excise duty, VAT and royalty.

The last audit of the organization was completed by the fiscal year 2080÷81. The arrears are zero and no arrears have been settled in the current year. Of the 40 posts approved for employee management, 28 are currently working. Among them, 10 are permanent, 17 are contractual employees and one is wage employees. Currently, 12 posts are vacant.