Licencee:-NESCO LTD.

Annex-A-1

REVENUE REQUIREMENT FOR THE FINANCIAL YEAR 2001-02

Expenditure

Rs. in crore

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

Commission approval

NESCO's PROPOSAL

with correctives

without correctives

TOTAL

TOTAL

TOTAL

I.

Purchase of Energy

310.84

313.05

313.05

II.

Distribution & Sale of Energy

(a)

Employees cost

50.85

49.60

49.60

(b)

Material cost

16.32

16.32

16.32

(c)

Admn. & General Expenses

7.19

6.21

6.21

III.

Rent, rates and taxes other than all taxed on income & profits

IV.

Interest on loans, advanced by Gridco

13.484

9.02

9.02

(a)

Interest on loan borrowed from organisation

I)From World Bank

7.044

4.38

6.26

ii)From IFC

(b)

Interest on debenture issued by licensee

20.875

14.20

20.88

(c)

Interest on Working Capital(DPS of GRIDCO)

52.13

0

V.

Interest on security deposit

VI.

Legal charges

VII.

Bad debt

13.54

8.61

8.61

VIII.

Auditor's fees

IX.

Management including managing agents remuneration

X.

Depreciation

23.44

11.38

11.38

XI.

Other expenses

XII.

Contribution to P.F., Staff pension, Gratuity

(a)

Expenses on training & other training scheme

(b)

Bonus

A

(Total expenses I to XII)

515.71

432.76

441.32

Special appropriation to cover Para XVII Clause 2(c)

I.

Previous Deficit

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

1.13

1.13

1.13

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)

1.13

1.13

1.13

Total (A+B)

516.84

433.89

442.45