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Licencee:-WESCO LTD.

Annex-A2

REVENUE REQUIREMENT FOR THE FINANCIAL YEAR (02-03)

Expenditure

Rs. in Crore

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

 

WESCO'S PROPOSAL

Commission approval (corrective)

Commission approval (without corrective)

I.

 

Purchase of Energy

438.01

416.60

520.81

II.

 

Distribution & Sale of Energy

     
 

(a)

Employees cost

53.14

56.87

56.87

 

(b)

Material cost

20.69

20.69

20.69

 

(c)

Admn. & General Expenses

7.60

4.42

4.42

III.

 

Rent, rates and taxes other than all

0.53

Included inA&G

Included inA&G

   

taxed on income & profits

     

IV.

 

Interest on loans, advanced by Gridco

12.58

12.58

12.58

 

(a)

Interest on loan borrowed from organisation

      
   

From World Bank

12.04

6.68

9.54

   

WESCO POWER BOND INTEREST

12.88

8.76

12.88

 

(b)

Interest on debenture issued by licensee

     
  

©

Interest on Working Capital(DPS of GRIDCO)

48.50

   

V.

 

Interest on security deposit

       

VI.

 

Legal charges

0.14

Included inA&G

Included inA&G

VII.

 

Bad debt

20.70

15.42

15.42

VIII.

 

Auditor's fees

0.05

Included inA&G

Included inA&G

IX.

 

Management including managing agents remuneration

     

X.

 

Depreciation

29.78

14.48

14.48

XI.

 

Other expenses

     

XII.

 

Contribution to P.F., Staff pension,

6.97

Included in empcost

Included in empcost

   

Gratuity

1.52

Included in empcost

Included in empcost

 

(a)

Expenses on training & other training scheme

0.08

Included inA&G

Included inA&G

 

(b)

Bonus

     

A

 

(Total expenses I to XII)

665.19

556.49

667.68

Special appropriation to cover

Para XVII Clause 2(c)

 

TOTAL

   

I.

 

Previous loss(Including Depreciation):-20% claimed

52.67

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

1.44

1.44

1.44

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)

54.11

1.44

1.44

   

Total (A+B)

719.30

557.92

669.12