Licencee : CESCO

Annex-C2

CALCULATION OF CLEAR PROFIT FOR THE FINANCIAL YEAR 2002-03

AS PER THE SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 PARA - XVII (2)

     

CESCO's PROPOSAL

COMMISSION APPROVAL

(A)

 

Income derived from :

With corrective

Without corrective

 

i)

Gross receipt from Sale of energy less discounts applicable thereto.

     
 

ii)

Rental of meters and other apparatus hired to consumers.

23.86

23.86

23.86

 

iii)

Sale & repair lamps and apparatus

     
 

iv)

Rents

     
 

v)

Transfer fees

     
 

vi)

Interest on investment

     
 

vii)

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

     

Total of (A) (i to vii)

725.89

865.41

865.41

(B)

 

Expenditure properly incurred on :

     
 

i)

Generation & purchase of energy

586.70

561.51

708.43

 

ii)

Distribution and sale of energy

140.89

125.49

125.49

  a)

Employees cost

104.07

95.63

95.63

  b)

Material

30.38

26.28

26.28

  c)

A&G expenses

12.06

8.58

8.58

   

less : interest captalised

5.61

4.99

4.99

 

iii)

Rents, rates & taxes, other than all taxed on income and profit

     
 

iv)

Interest on loan advanced by Board

     
 

iv.a)

Interest on loan borrowed from Organisation

80.29

39.16

43.75

 

iv.b)

Interest on debenture issued by licensee

     
 

v)

Interest on security deposit

     
 

vi)

Legal charges

incl in A&G

   
 

vii)

Bad debts

24.48

21.04

21.04

 

viii)

Auditors fees

incl in A&G

   
 

ix)

Management including managing agents remuneration

     
 

x)

Depreciation

34.96

18.12

18.12

 

xi)

Other expenses / Surcharge on overdue payables

140.40

   
 

xii)

Contribution to P.F., staff pension and gratuity

Incl.in EmpCost

   
 

xii.a)

Expenses on apprentice & other training scheme

     
 

xiii)

Bonus

-

   

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

1,007.73

765.32

916.83

(C)

 

Special appropriation to cover :

     
 

i)

Previous losses

560.59

   
 

ii)

All tax on income and profits

-

   
 

iii)

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

     
 

iv)

Contribution to contingency reserve

-

   
 

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 OERC in order dated 19.1.01para 7.26.3

     

Total of (C) (i to vi)

611.63

-

-

CLEAR PROFIT (A-B-C)

(893.48)

100.08

(51.43)

Reasonable Return (Form No. F.14)

17.95

2.02

2.02

Excess or deficit of clear profit over reasonable return

(911.42)

98.07

(53.44)