| Licencee : CESCO |
OERC |
|
|
Annex-C1 |
| CALCULATION OF
CLEAR PROFIT FOR THE FINANCIAL YEAR 2001-02 AS PER THE
SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 |
| PARA - XVII (2) |
|
|
Rs. Crore |
| |
CESCO's PROPOSAL |
COMMISSION APPROVAL |
| (A) Income derived from : |
With Corrective |
Without Corrective |
| i) |
Gross receipt from Sale of energy less discounts applicable
thereto. |
627.85 |
744.70 |
744.70 |
| ii) |
Rental of meters and other apparatus hired to consumers. |
20.30 |
20.30 |
20.30 |
| iii) |
Sale &
repair lamps and apparatus |
|
|
|
| iv) |
Rents |
|
|
|
| v) |
Transfer fees |
|
|
|
| vi) |
Interest on
investment |
|
|
|
| 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) |
648.15 |
765.00 |
765.00 |
| (B) |
Expenditure
properly incurred on : |
| i) |
Generation &
purchase of energy |
535.12 |
571.95 |
571.95 |
| ii) |
Distribution and
sale of energy |
129.12 |
122.73 |
122.73 |
| |
a) Employees cost |
94.44 |
93.27 |
93.27 |
| |
b) Material |
25.75 |
23.43 |
23.43 |
| |
c) A&G expenses |
11.16 |
8.17 |
8.17 |
| |
less : interest
captalised |
2.24 |
2.13 |
2.13 |
| iii) |
Rents, rates & taxes, other than all taxed on income and
profit |
|
|
|
| iv) |
Interest on loan
advanced by Board |
|
|
|
| iv.a) |
Interest on loan borrowed from Organisation |
70.74 |
35.07 |
37.90 |
| iv.b) |
Interest on
debenture issued by licensee |
|
|
|
| v) |
Interest on
security deposit |
|
|
|
| vi) |
Legal charges |
incl in
A&G |
|
|
| vii) |
Bad debts |
23.67
|
18.62 |
18.62 |
| viii) |
Auditors fees |
incl in
A&G |
|
|
| ix) |
Management including managing agents remuneration |
|
|
|
| x) |
Depreciation |
31.58 |
16.12 |
16.12 |
| xi) |
Other expenses /
Surcharge on overdue payables |
97.62 |
|
|
| xii) |
Contribution to P.F., staff pension and gratuity |
Incl.in
EmpCost |
|
|
| xii.a) |
Expenses on apprentice & other training scheme |
|
|
|
| xiii) |
Bonus |
- |
|
|
| Total expenditure i.e. total of (B) (i to xiii) |
887.83 |
764.49 |
767.32 |
| (C) |
Special
appropriation to cover : |
| i) |
Previous losses |
298.98
|
|
|
| ii) |
All tax on
income and profits |
- |
|
|
| iii) |
Instalments of written down amounts in respect of intangible
asset and new capital issue expenses |
- |
|
|
| iv) |
Contribution to
contingency reserve |
- |
|
|
| 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 in order dated
19.1.01para 7.26.3 |
51.04 |
|
|
| |
Total of (C) (i
to vi) |
350.02 |
-
|
|
| |
CLEAR PROFIT
(A-B-C) |
(589.70) |
0.51 |
(2.32) |
| |
Reasonable
Return (Form No. F.14) |
6.24 |
10.51 |
10.51 |
| |
Excess or deficit of clear profit over reasonable return |
(595.94) |
(10.00) |
(12.83) |