Licencee:-WESCO LTD.

Annex-A1

REVENUE REQUIREMENT FOR THE FINANCIAL YEAR (01-02)

Expenditure

 

Para XVII Clause-2 (b) of Schedule VI of Elec. (Supply) Act 1948

   

Rs. in crore

 

WESCO'S PROPOSAL

Commission approval (corrective)

Commission approval (without corrective)

I.

 

Purchase of Energy

415.40

424.32

424.32

II.

 

Distribution & Sale of Energy

     
 

(a)

Employees cost

53.54

55.60

55.60

 

(b)

Material cost

18.43

13.62

13.62

 

(c)

Admn. & General Expenses

7.13

4.21

4.21

III.

 

Rent, rates and taxes other than all

0.44

Included inA&G

Included inA&G

   

taxed on income & profits

     

IV.

 

Interest on loans, advanced by Gridco

15.42

15.69

15.69

 

(a)

Interest on loan borrowed from organisation

     
   

From World Bank

7.28

4.40

6.28

   

WESCO POWER BOND INTEREST

12.88

8.76

12.88

 

(b)

Interest on debenture issued by licensee

     
 

©

Interest on Working Capital(DPS of GRIDCO)

21.73

0

0

V.

 

Interest on security deposit

     

VI.

 

Legal charges

0.14

Included inA&G

Included inA&G

VII.

 

Bad debt

29.38

13.73

13.73

VIII.

 

Auditor's fees

0.04

Included inA&G

Included inA&G

IX.

 

Management including managing agents remuneration

     

X.

 

Depreciation

26.50

13.06

13.06

XI.

 

Other expenses

   

XII.

 

Contribution to P.F., Staff pension,

7.19

Included in empcost

Included in empcost

   

Gratuity

1.56

Included in empcost

Included in empcost

 

(a)

Expenses on training & other

0.05

Included inA&G

Included inA&G

   

training scheme

     
 

(b)

Bonus

     

A

 

(Total expenses I to XII)

617.10

553.38

559.39

Special appropriation to cover

     

Para XVII Clause 2(c)

     
     

TOTAL

   

I.

 

Previous loss(Including Depreciation):-20% claimed

33.73

0

 

II.

 

All taxes on income & profits

     

III.

 

Installments of written down account in respect of intangible assets and new capital issue expenses

     

IV.

 

Contribution of contingency reserve

1.28

1.28

1.28

V.

 

Contribution towards arrear depreciation

     
 

(a)

Contribution to development reserve

     
 

(b)

Debt redemption and obligation

     

VI.

 

Other special appropriation permitted

     
   

by State Government

     

B

 

Total of (I to VI)

35.01

1.28

1.28

   

Total (A+B)

652.11

554.66

560.67