CALCULATION OF CLEAR PROFIT FOR A PERIOD OF 12 MONTHS AS PER THE
SCHEDULE VI OF ELECTRICITY (SUPPLY) ACT, 1948 PARA XVII(2) |
Rs. in Crs |
| |
|
PROPOSAL
1999-00 |
APPROVAL
1999-00 |
(A) |
Income
derived from : |
|
|
i) |
Gross
receipt from Sale of energy less discounts applicable thereto. |
547.79 |
424.01 |
ii) |
Rental
of meters and other apparatus hired to consumers. |
2.25 |
2.25 |
iii) |
Sale
& repair lamps and apparatus |
|
|
iv) |
Rents |
|
|
v) |
Transfer
fees |
|
|
vi) |
Interest
on investment |
0.17 |
0.17 |
| 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) |
550.21 |
426.43 |
(B) |
Expenditure
properly incurred on : |
|
|
i) |
Generation
& purchase of energy |
317.85 |
306.37 |
ii) |
Distribution
and sale of energy |
|
|
| |
a)
Employees cost |
48.46 |
48.62 |
| |
b)
Material |
14.43 |
14.43 |
| |
c)
A&G expenses |
5.06 |
2.79 |
iii) |
Rents,
rates & taxes, other than all taxed on income and profit |
0.20 |
0.00 |
iv) |
Interest
on loan advanced by Gridco |
|
|
iv.a) |
Interest
on loan borrowed from Organisation & interest on working capital |
20.23 |
20.23 |
iv.b) |
Interest
on debenture issued by licensee |
0.00 |
0 |
v) |
Interest
on security deposit |
0.00 |
0 |
vi) |
Legal
charges |
0.08 |
0.00 |
vii) |
Bad
debts |
44.10 |
10.60 |
viii) |
Auditors
fees |
0.05 |
0.00 |
ix) |
Management
including managing agents remuneration |
0.00 |
0 |
x) |
Depreciation |
20.62 |
20.62 |
xi) |
Other
expenses |
0.00 |
0.00 |
xii) |
Contribution
to P.F., staff pension and gratuity |
4.68 |
0.00 |
xii.a) |
Expenses
on apprentice & other training scheme |
0.10 |
0.00 |
xiii) |
Bonus |
0.00 |
0.00 |
Total expenditure i.e. total of (B) (i to xiii) |
475.86 |
423.66 |
(C) |
Special
appropriation to cover : |
|
|
i) |
Previous
losses |
0.00 |
0.00 |
ii) |
All
tax on income and profits |
0.00 |
0.00 |
iii) |
Instalments
of written down amounts in respect of intangible asset and new capital issue expenses |
0.00 |
0.00 |
iv) |
Contribution
to contingency reserve |
1.00 |
1.00 |
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 |
63.48 |
0 |
Total
of (C) (i to vi) |
64.48 |
1.00 |
CLEAR
PROFIT (A-B-C) |
9.87 |
1.77 |
Reasonable
Return (Annex-B) |
9.87 |
1.51 |
Excess
or deficit of clear profit over reasonable return |
0 |
0.26 |