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 |