CALCULATION
OF CAPITAL BASE AND REASONABLE RETURN
FOR THE FINANCIAL YEAR 1999-00 |
[In accordance with para XVII of Schedule VI of Electricity (Supply)
Act, 1948] |
(Rs. in
Crs.) |
| |
|
PROPOSAL
1999-2000 |
APPROVAL
1999-00 |
A. |
|
|
|
(a) |
Original
cost of fixed asset |
328.31 |
314.96 |
|
Less
consumers contribution |
(50.78) |
(50.78) |
(b) |
Cost
of intangible asset |
0.00 |
0.00 |
(c) |
The
original cost of Work in progress |
25.47 |
17.47 |
(d) |
The
amount of investment compulsorily made under para-IV |
1.00 |
0.00 |
(e) |
An
amount on account of working capital equal to the sum of |
|
|
| |
(i)
Average cost of stores
(1/12th of the sum of the stores materials and suppliers including fuel in hand at the end
of each month of the year) |
3.61 |
3.61 |
| |
(ii)
Average cash and bank balance
(1/12th of the sum of cash and bank balance whether credit or debit and call and short
term deposits at the end of each month of the year) |
9.75 |
8.49 |
Total of A: |
317.36 |
293.75 |
Less |
B. |
|
|
i) |
The
amounts written off or set asside on account of depreciation of fixed assets. |
75.96 |
75.96 |
ii) |
The
amount of any loan advanced by GRIDCO |
185.01 |
163.66 |
ii-a) |
The
amount of any loans borrowed from organisations or institutions approved by the State
Govt. |
0.00 |
0.00 |
ii-b) |
The
amount of any debenture issued by the licensee. |
0.00 |
0.00 |
iii) |
The
amounts of deposited in cash with the licensee by consumers, by way of security. |
0.00 |
48.83 |
iv) |
The
amount standing to the credit of Tariffs and Dividends control reserve at the beginning of
the year of account. |
0.00 |
0.00 |
v) |
The
amount standing to the credit of the Development reserve at the close of the year. |
0.00 |
0.00 |
vi) |
The
amount carried forward (at the beginning of the year of accounting) in the accounts of the
Licensee for distribution to the consumers. |
0.00 |
0.00 |
Total of B: |
260.97 |
288.45 |
Capital Base (A-B) |
56.39 |
5.30 |
Reasonable return on Capital Base |
9.87 |
1.51 |