annual report 2018-2019presidencyalumni.com/annual-reports/annual_report_2018-2019.pdf · annual...

2018 – 2019

Presidency University 86/1 College Street,

Campus

Kolkata - 700 073 -33-2219-2391

Emal : [email protected] Website: www.presidencyalumni.com

Auditors: KGRS & Co. Chartered Accountants Chatterjee International Centre, 17th Floor, Room No. 1333A, J.L. Nehru Road, Kolkata - 700071

Bankers: United Bank of India Bank of India

Contents: Page No. Executive Council 2 Subcommittees 3

5 Treasurer’s Report 9 Auditor’s Report 10 Audited Accounts and Balance Sheet 14

Annual Report 2018-2019

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for the year 20 8-2019

Executive Council1

Presidency Alumni Association

Office Bearers | Members of The Executive Council | 2018-2019

Chief Patron (Ex Officio)Anuradha LohiaVice ChancellorPresidency Univercity

PresidentNabaneeta Dev Sen

Vice PresidentsAnimesh SenSutirtha Bhattacharya

SecretaryBivas Chaudhuri

Joint SecretaryUrmi Chatterji

Assistant SecretariesDevasish SenLopamudra Dutta GuptaKathakali Jana

TreasurerAmit Choudhury

MembersAlak BanerjeeAtanu Kumar RahaAnindya Kumar MitraBiswarup DeyChaitali BrahmaChampak BhattacharyyaJayanta Kumar AikatJayanta Kumar MitraKamal Kali KunduMadhusree Ghosh

MembersManashi RoyPrasanta RoyRahul SahaRakhi SarkarSandip KarSanjay RaiSayantan AdhikaryShromona GhoshSugata MarjitTurna Pain


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Reunion Subcommittees

ChairpersonChampak Bhattacharyya

ConvenorApala Seth

MembersTurna PainRahul SahaBibaswan BasuSayantan AdhikariSulagna MondalSumalya Mukhopadhyay

Editorial &Publication Board

Global Outreach &Alumni Relations

SeminarChairpersonSwapan Datta

Editor-in-chiefNabaneeta Dev Sen

Members-in-chargeKathakali JanaUrmi Chatterji

Editorial BoardPrasanta RoyPrasad Ranjan RayMamata Ray ChaudhuriDipankar ChowdhuryChaitali BrahmaPaula BanerjeeShoumyo (Tathagata)Dasgupta

Chairperson

Sandip Kar

Convenor (Website & IT)

Amit Choudhury

ConvenorManashi Ray

MembersMonotosh DasguptaRatna SenguptaMamata RayMonoj MoitraJayanta AikatArpita Mukhopadhyay

EditorSugata Marjit

Members

Tilak Mitra

Arpita Mukhopadhyay

Sports Subcommittees

ChairpersonBiswarup Dey

ConvenorRahul Saha

MembersTurna PainSayantan AdhikariBibaswan BasuPartha DasChampak Bhattacharyya


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Cultural

ChairpersonUrmi Chatterji

ConvenorShromona Ghosh

Members

Bibhas Chakraborty

Mainak SenguptaKathakali JanaArpita Mukhopadhyay

Bitanbindu Bandyopadhyay

Membership

ChairpersonJayanta Kumar Aikat

ConvenorTurna Pain

MembersAmit ChoudhuryBibaswan BasuSayantan AdhikaryRahul SahaPartha Das

ChairpersonAtanu Raha

ConvenorMadhusree Ghosh

MembersShakti BhatacharyaPradeep GuptooSayantan AdhikariDevasish SenRam Sebak BandyopadhyayRupa Shromona GhoshAsutosh GhoshSamar GhoshChaitali Brahma

Bandyopadhyay

ChairpersonLopamudra Duttagupta

ConvenorSanjay Rai

MembersSanchita BhowmickDebarati BharAsish Dey

Debate Merchandise &Office Management

Note: President, Vice-Presidents are permanent invitees, Secretary and Joint Secretary are ex-officio members of all sub-committees.

Dear members,

On behalf of the Executive Council and on my personal behalf, I extend to you all a very warm welcome to this Annual General

Meeting. I have the pleasure in presenting this Annual Report of Presidency Alumni Association, Calcutta, for the year 2018-2019.

Membership

The overall membership strength of the association now stands at 4769 as compared to 4686 in the last year as on date.

Income

The Association is now registered u/s 12A of Income Tax Act donation made to Presidency Alumni Association

Calcutta of conditions laid down in clauses (i)

to (v) of sub-section (5) of section 80G of the IT Act, 1961 with e -08-2016 as issued by the Commissioner of Income Tax

(Exemptions), Kolkata. All alumni are requested to donate for strengthening the activities of the alumni association.

Activities of the Association

1. ENDOWMENTS

The following endowments are continued. Sm. Dalia Datta has donated Rs. 1 lakh in memory of her father the late Shri Satyabrata Ghosh.

From the endowment two prizes will be given to students who score the maximum marks in Physics (Part II) and Physics (Part III)

examinations respectively. Shri Gopendra Nath Roy has donated Rs. 30,000 in memory of his late father Shri Balai Charan Roy, from which

one prize will go to the student who scores the maximum marks in M. Sc. Physics. Shri Sisir Kumar Mazumder has created an endowment

of Rs. 1 lakh for oration on Science and Humanities. Sm. Swapna Roy had created an endowment of Rs. 1 lakh in the year 2014 in memory

of her husband the late Shri Sumit Roy, alumnus, from which one prize will go to the topper in B. Sc. Biological Science. Shri Prasanta Pal,

ANNUAL REPORT for the year 2018-2019


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alumnus, has created an endowment of Rs. 15,000 in memory of his late father-in-law Shri Panchanan Pal from which one prize will go

to the highest marks holder in the Sc. Mathematics. Dr. Amarnath Dey, alumnus, created an

endowment of Rs. 50,000 in memory of his late father Shri Anathnath Dey to provide a cash prize to the student securing highest marks

in M.Sc. Mathematics (Pure). Sm. Nandita Dasgupta has created an endowment of Rs. 3 lakhs in memory of her late husband Shri

Sudhansu Dasgupta, alumnus and ardent debater, for instituting annual inter college/university debate competition in the name of

Sudhansu Dasgupta Memorial Debate. Sm. Sanghamitra Mukherjee has donated Rs. 1 lakh in memory of her late parents and alumni Shri

Ramani Mohan Ghoshe and Sm Kamala Moni Basu, from which a gold medal will be given to the highest scorer in B.A. Philosophy.

ated 20

January 2019.

2. AUTUMN ANNUAL

On the occasion of the Founders’ Day celebration, the 47th volume of the Autumn Annual, under the Chief Editorship of Sm. Nabaneeta

Dev Sen and Editorship of Shri Sugata Marjit was released on 20 January 2019. The Association expresses its gratitude to all those who

3. ALUMNI TRUST FUND

The Presidency Alumni Trust has been created for supporting various developments of the university and providing prizes to the

university toppers in arts and science in undergraduate courses. The trustees have reported that so far Rs 4,65,885 has been collected

from the donations. All alumni are requested to donate to the trust.

4. PRESIDENCY vs St Xavier’s ALUMNI EXHIBITION D

The Presidency versus St Xavier’s Exhibition debate was held on 22 September 2018 at 6 PM. The venue of this grand exhibition debate

was hosted by Calcutta Club and followed by high tea sponsored by Sm Nandita Dasgupta wife of alumnus late Sudhansu Dasgupta.

Motion of the debate was - Bengal lives in its past. The speakers for team Presidency were Shri Saugata Roy, Shri Rudrangshu Mukherjee,

Sm. Anita Agnihotri and Sm. Moyuree Mukherjee. The speakers for team Xavier’s were Dr. Kunal Sarkar, Dr. Sandip Chatterjee, Shri Ashok

Vishwanathan, Shri Priyam Marik. The moderators were Shri Somak Ray Chaudhury and Shri Pradeep Guptoo.


Page | 6

have acquired advertisements towards

the vote of thanks. The motion was passed by the audience poll. The debate was partially sponsored by Sister Nivedita

University and Sudangshu Dasgupta Memorial Debate Fund and the media partner was The Telegraph.

6. PRE-P C

Presidency Alumni Association celebrated AGOMONI on 8th October 2018, with the little friends from NGO Refuge, 5pm

onwards at The Refuge, Bowbazar. The programme included a dance recital by Sm Kathakali Jana, a recitation by Sm Shromona Ghosh

and a shruti natok by Shri Bibhas Chakraborty, Shri Subir Mukherjee, Sm Kathakali Jana, Sm Shromona Ghosh, Shri Mainak Sengupta and

Shri Bibaswan Basu. Shri Biswarup De, EC member, hosted the event.

7. DISTINGUISHED ALUMNUS A

The Atul Chandra Gupta (ACG) Distinguished Alumnus Award Endowment fund has been created with the donations of Shri Parthasarathi

Sengupta, Shri Saktinath Mukherji, Shri Animesh Sen, Shri Subir Dutta and Shri M K Chaudhury in the honour of Atul Chandra Gupta, the

distinguished alumnus every year. The Award for 2019 was conferred

to Dr. Bimal Jalan on 20 January 2019 by Sm Nabaneeta Dev Sen , President.

5. PAST VS PRESENT FOOTBALL M

Past Vs. Present Football match was held at Town Ground, Kolkata organized by the Presidency

Alumni Association. Shri Samar Banerjee and Shri Arun Ghosh two eminent footballers of yesteryear were felicitated before the match.

The past team won the match by 2-1. The present students and alumni members thoroughly enjoyed the match.


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8.

SEMINAR

A seminar on ‘Rabindranath and Nationalism’ was held on 24 November, 2018 at 6 pm at Bangla Academy Nandan Campus. Two eminent,

speakers, Shri Jawhar Sircar, former CEO, Prasar Bharati and Shri Amrit Sen, Professor of English, Visva - Bharati enthralled the audience

with their insights into this interesting topic. The seminar was moderated by Shri Swapan Dutta. Sm. Manashi Roy welcomed the audience .


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10. FOUNDERS’ DAY C

The 202nd Founders’ Day was jointly celebrated in grand scale with Presidency University in association with The Telegraph on 20 January

2019 at Derozio Hall. Shri Bikash Sanyal, alumnus, was the Chief Guest and Shri Bimal Jalan, alumnus, delivered the Founders’ Day address.

Sm. Anuradha Lohia, Vice Chancellor welcomed all participants. The Autumn Annual was released and the ACG distinguished alumnus

Award 2019 was conferred to Shri Bimal Jalan by Smt Nabaneeta Dev Sen, President.

11. STEAMER PARTY

The much awaited and demanded steamer party was held on 27 January 2019 cruising whole day on Hooghly river with food, fun and

frolic as a part of Founders’ Day celebration programme in association with The Telegraph.

12.

Ministry of Human Resource Development (MHRD) under its National Mission on Education through Information and Communication

Technology (NMEICT) has initiated the National Digital Library of India (NDL India) pilot project with IIT, Kharagpur to develop a framework

of virtual repository of learning resources with a single-window search facility. NDL India is designed to hold content of any language and

provides interface support for leading Indian languages. It is being arranged to provide support for all academic levels including

researchers and life- -abled learners. Alumni Association had

executed an MoU with the National Digital Library of India for digitization and uploading in NDLI website of all publications published/

under perpetual possession of the association. The dissemination policy is under preparation.

9. PAST VS PRESENT C M

The cricket match between the past and the present students of the University was held at the Presidency University Ground on 19 January,

2019 a part of Founders’ Day celebration programme in association with The Telegraph . The Past team won the match. Shri Jayanta Mitra,

handed over the trophy to the winning team.

12. REMEMBRANCE

The Council on behalf of all the members of PAA deeply mourns the sad demise of our deceased alumni.

13. ACKNOWLEDGEMENT

The overall performance of the Association during the year 2018-2019 has been satisfactory. I take this opportunity to express my sincere

thanks and appreciation for the unstinted support and cooperation extended by the Executive Council and above all, the members of the

Association and other well-wishers. I also thank our bankers and auditors for their support. I would also like to express my appreciation

for the university who extended their constant cooperation. Our Dilip da (Shri Dilip Roy) is always a source of inspiration for running

this alumni association and I express my deepest regards to him for his . Our EC member Sm. Lopamudra Duttagupta

tive in all weather.

Secretary, PAA (2018-2019)

I feel greatly privileged to present the Audited Annual Accounts of the association for the year ending March 31, 2019. Members may

kindly note that the procedure adopted for the maintenance of accounts were in conformity with the requirements of the West Bengal

Societies Registration Act, 1961.

I take this opportunity to express my gratitude to the Executive Council of the PAA for the cooperation extended during the year. I also

thank the Auditors, bankers and all EC members for their valuable service and support.

Amit Choudhury

Treasurer , PAA (2018-19)


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To the Members of PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA

Opinion

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI). Our

responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our


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Report on the Audit of the Financial Statements

We have audited the accompanying financial statements of Presidency Alumni Association, Calcutta,a Registered Society under West Bengal Societies

Registration Act 1961("the Society"), which comprise the Balance Sheet as at 31st March 2019, and the Income & Expenditure Account and Receipt &

Payment Account for the year ended on that date, and notes to the financial statements, including a summary of significant accounting policies and

other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give a true and fair

view in conformity with the accounting principles generally accepted in India,

(a) in the case of the Balance Sheet, of the state of affairs of the Society as at March 31, 2019.

(b) in the case of Income & Expenditure Account, of the deficit of the Society including other comprehensive income for the year ended on that date.

(c) in the case of Receipts and Payments Account, of the Receipts and Payments for the year ended on that date.

other ethical responsibilities

in accordance with the Code of Ethics. We believe that the a

opinion.

ncludes the design,

implementation and fair

view and are free from material misstatement, whether due to fraud or error.

ent is responsible for assessing the Society’s ability to continue as a going concern, disclosing, as

applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Society

or to cease operations, or has no realistic alternative but to do so.

Our objective whether

due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee

that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error

and are considered material if, individually or in the aggregate, they

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• perform audit procedures


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nd appropriate to provide a basis for our opinion. The risk of not detecting a

material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forge ry, intentional omissions,

misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances but

y’s internal controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by

management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether

tinue as a going concern. If

we conclude that a material uncertainty e

statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obt ained up to the date of

our auditor’s report. However, future events or conditions may cause the Society to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and sig

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence,

and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable,

related safeguards.


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a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes

of our audit.

b) In our opinion, proper books of account as required by law have been kept by the Society so far as it appears from our examination of those

books.

c) The Balance Sheet, Income & Expenditure Account and Receipts and Payments Account dealt with by this Report are in agreement with the

books of account.

Chartered Accountants

Firm Registration No. 310014 E

S. Dey

Partner

Membership No 59197

Place: Kolkata

Date:


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PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA BALANCE SHEET AS AT 31ST MARCH, 2019

PresidentPresidency Alumni Association

Calcutta

SecretaryPresidency Alumni Association

Calcutta

TreasurerPresidency Alumni Association

Calcutta

I. FUNDS & LIABILITIESCapital Fund

Corpus Fund

Current Liabilities

Trade Payables

Total

Particulars Amount in Rs.

II. ASSETS

37,99,694

13,60,000

22,066

51,81,760

Note No.

2

3

4

Property, Plant & Equipments

Fixed Deposit

Current Assets

Cash and Bank Balance

Short-Term Loans & Advances

Total

66,509

39,14,000

9,76,060

2,25,192

51,81,760

5

6

7

8

Notes to Accounts 1 to 12

For PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA In terms of our Report of even date.For KGRS& COChartered AccountantsFirm Registration No.: 310014 E.

S DeyPartnerMembership No. F 059197Place : KolkataDate : 14th June, 2019.


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PresidentPresidency Alumni Association

Calcutta

SecretaryPresidency Alumni Association

Calcutta

TreasurerPresidency Alumni Association

Calcutta

For PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA In terms of our Report of even date.For KGRS& COChartered AccountantsFirm Registration No.: 310014 E.

S DeyPartnerMembership No. F 059197Place : KolkataDate : 14th June, 2019.

PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA STATEMENT OF INCOME & EXPENDITURE FOR THE YEAR ENDED 31ST MARCH, 2019

Revenue

Other Income

Particulars Amount in Rs.Note No.

Notes to Accounts 1 to 12

I.

II.

9

10

6,86,830

3,86,908

Total Revenue 10,73,738

Expenses

Direct Expense

Depreciation and Amortization Expense

Other Overheads

III.

11

5

12

9,05,775

10,865

1,63,976

Total Expenses 10,80,616

Excess of Expenditure over Income (I+II-III)IV. (6,879)


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Notes forming part of the financial statements

1 Significant Accounting Policies

1.1 Basis of accounting and preparation of financial statements

The Financial Statements have been maintained on double entry system adopting accrual basis of accounting. Financial Statements are prepared in accordance with the Generally Accepted Accounting Principles including Accounting Standards followed in India to the extent applicable.

Preparation of the financial statements are in conformity with the Generally Accepted Accounting Principles requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities on the date of financial statements and reported amount of revenues and expenses for the period. Estimates are based on assumptions that management believes are reasonable under the circumstances.

1.2 Revenue recognitionGrant received from Government as well as from non-government organization has been recognized as income to the extent of the revenue expenditure made during the period and the unutilized balance is shown as a part of the general fund.Unutilized portion of Earmarked Grants have been shown separately in the Balance Sheet.

1.3 Fixed AssetsFixed Assets acquired have been valued at cost including all direct costs i.e., purchase price, transportation expenses, installation charges and other expenditure incurred for bringing the fixed assets in working condition, including expenditure incurred prior to its first use. Memorandum records are maintained to exercise physical control over the assets.

1.4 DepreciationDepreciation has been charged on the fixed assets under the Income Tax Act, 1961 in the financial statements.

1.5 Valuation of StocksMaterials acquired for program are charged as expenditure at the time of payment. Closing Stock of finished goods are valued at Cost or net realizable value whichever is lower.

1.6 Capital GrantCapital Grant is treated as deferred grant income in the Balance Sheet and recognized as income on systematic basis over the life of the related asset.


Page | 18

PRESIDENCY ALUMNI ASSOCIATION, CALCUTTA

Capital Fund

Amount (`)

31-03-2019

Balance as per last year financial statements

Adjustment for Past Years

Excess of Expenditure over Income

Total

2

37,76,305

30,268

(6,879)

37,99,694

Corpus Fund

Amount (`)

31-03-2019

Donation for Endowment

Donation for Endowment

3

13,60,000

13,60,000

Trade Payables

Amount (`)

31-03-2019

Creditor for Expenses

Total

4

22,066

22,066


Page | 19


Property, Plant & Equipments as at 31st March, 2019

Furniture & Fixture

Computer & Accessories

Other Equpments

5

OpeningBalance

on01-04-18

Addition

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Deduction DepreciationClosing

Balance as on31-03-2019

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Particulars

66,159

10,265

950

77,374

-

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6,616

4,106

143

10,865

59,543

6,259

807

66,509

Fixed Deposits

Amount (`)

31-03-2019

Fixed Deposit for Endowment

Other Fixed Deposits

Total

6

13,60,000

25,54,000

Amount (`)

39,14,000

39,14,000


Page | 20


Cash and Bank Balance

Amount (`)

31-03-2019

Balances with Scheduled Banks :

Yes Bank - FCRA A/c 00037

BOI - A/c 05209

Yes Bank - A/c 01150

UBI - A/c 78082

Cash in Hand

Total

7

Amount (`)

9,72,397

3,662

9,76,059

-

2,61,645

6,57,357

53,395

Short-Term Loans & Advance

Amount (`)

31-03-2019

Others

-- Income Tax

FY 2016-17

FY 2017-18

FY 2018-19

-- Interest Accrued

-- Receivable from Yes Bank Card Swipe

-- Closing Stock of Merchandise

Total

8

Amount (`)

1,15,740

15,002

19,000

75,450

2,25,192

33,041

59,255

23,444


Page | 21


Revenue

Amount (`)

31-03-2019

Advertisement Income

Autumn Annual

Donation Receipts

Membership Fees

Sale of Journal & Merchandise

Receipts for Steamer Party

Total

9.

Amount (`)

1,60,000 1,60,000

2,40,031

1,58,000

12,799

1,16,000

6,86,830

Other Income

Amount (`)

31-03-2019

Interest on Fixed Deposits

Interest on Fixed Deposit (Earlier Period)

Interest on Savings Bank

Total

10

Amount (`)

3,18,430.00

17,019.00

51,459.00

3,86,908.00


Page | 22


Direct Expenses

Amount (`)

31-03-201911.

Amount (`)

Stock of Merchandise

Opening Stock

Less: Closing Stock

Remuneration

Printing of Autumn Annual

Expenses for Various Activities

Debate Expenses

Cricket Match Expenses

Football Match Expenses

Cultural Programme Expenses

Founders' Day Expenses

Seminar Expenses

Steamer Party Expenses

Total

27,075

1,31,000

1,00,000

6,47,700

9,05,775

1,02,525

75,450

1,74,087

3,102

11,200

3,700

3,42,283

9,690

1,03,638



Page | 23

Direct Expenses

Amount (`)

31-03-201911.

Amount (`)

AGM Expenses

Website Expenses

Printing & Stationery

Postage & Courier

Telephone Expenses

Payment to Auditors

As Auditors

Local Conveyance

Professional Expenses

Miscellaneous Expenses

Total

7,000

49,582

27,046

22,415

3,821

11,000

2,747

25,813

14,552

1,63,976


Page | 24

NOTE

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