Annex-III

CALCULATION OF CLEAR PROFIT FOR THE FINANCIAL YEAR 2000-01

(Rs Crores)

 

SL.NO

DESCRIPTION

GRIDCO'S PROPOSAL

COMMISSION
APPROVAL

(A)

 

Income derived from :

 

 

 

i)

Gross receipt from Sale of energy to DISTCOS 

1937.90

1466.78

 

 

less discounts applicable thereto

48.70

0

 

 

Net receipts from sale of energy to DISTCOS

1889.20

1466.78

 

 

Gross receipt from direct Sale of energy to other than DISTCOS less discounts applicable thereto.

 

 

ii)

Rental of meters and other apparatus hired to consumers.

-

-

 

iii)

Sale & repair lamps and apparatus

 

 

 

iv)

Rents less out goings otherwise provided for

 

 

 

v)

Transfer fees

 

 

 

vi)

Investment fixed & call deposits & bank balance

 

 

 

vii)

Other general receipts accountable for income tax and arising from and ancillary or incidental to business of electricity supply.

37.93

35.87

 

 

Total of (A) (i to vii)

1927.13

1502.65

(B)

 

Expenditure properly incurred on :

 

 

 

i)

Generation & purchase of energy

1432.23

1164.56

 

ii)

Transmission Cost (O/M)

 

 

 

a) Employees cost

81.17

76.31

 

b) Repairs and Maintenance Expenses

23.74

14.67

 

c) A&G expenses

19.85

12.25

 

d) Amortisation of approved investments for restoring damages due to cyclone

4.42

4.42

 

iii)

Rents, rates & taxes, other than all taxed on income & profits(included in A & G Expenses)

-

-

 

iv)

Interest on loan advanced by BOARD

 

iv.a)

Interest on loan borrowed from Organisation

173.44

65.51

 

iv.b)

Interest on debenture issued by licensee

 

 

 

v)

Interest on security deposit

-

-

 

vi)

Legal charges

 

 

 

vii)

Bad debts

 

 

 

viii)

Auditor's fees(included in A & G Expenses)

 

 

 

ix)

Management including managing agents remuneration

 

 

 

x)

Depreciation

78.01

78.00

 

xi)

Other expenses/Loss due to Damaged Assets

 

 

 

xii)

Contribution to P.F., Staff pension,(included in Employes Cost)

 

 

 

Gratuity(included in Employees Cost)

 

 

 

xii.a)

Expenses on training & other training scheme(included in Employees Cost)

 

 

 

xiii)

Bonus

 

 

 

Total expenditure i.e. total of (B) (i to xiii)

1812.86

1415.72

(C)

 

Special appropriation to cover :

 

 

 

i)

Previous losses

 

 

 

ii)

All tax on income and profits

 

 

 

iii)

Installments of written down amounts in respect of intangible asset and new capital issue expenses

 

 

 

iv)

Contribution to contingency reserve

6.38

6.38

 

v)

Contribution towards arrear depreciation

 

 

 

v.a)

Contribution to Development Reserve, referred to in para

 

 

 

v.b)

Debt redemption obligation

 

 

 

vi)

Other special appropriation permitted by the State Govt.

-

 

 

 

Total of (C) (i to vi)

6.38

6.38

 

 

CLEAR PROFIT (A-B-C)

107.89

80.55

 

 

Reasonable Return

107.89

80.55

 

 

Excess or deficit of clear profit over reasonable return

0.00

0.00