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 Crores |
| |
PROPOSAL
1999-2000 |
APPROVAL
1999-2000 |
(A) |
Income
derived from : |
|
|
i) |
Gross
receipt from Sale of energy less discounts applicable thereto. |
308.15 |
239.48 |
ii) |
Rental
of meters and other apparatus hired to consumers. |
3.51 |
3.51 |
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) |
311.83 |
243.16 |
(B) |
Expenditure
properly incurred on : |
|
|
i) |
Generation
& purchase of energy |
195.36 |
163.08 |
ii) |
Distribution
and sale of energy |
|
|
| |
a)
Employees cost |
40.78 |
43.87 |
| |
b)
Material |
12.63 |
12.63 |
| |
c)
A&G expenses |
4.46 |
2.01 |
iii) |
Rents,
rates & taxes, other than all taxed on income and profit |
0.21 |
0.00 |
iv) |
Interest
on loan advanced by Gridco and Working capital interest |
|
|
iv.a) |
Interest
on loan borrowed from Organisation & Interest on Working capital |
18.90 |
18.90 |
iv.b) |
Interest
on debenture issued by licensee |
0.00 |
0.00 |
v) |
Interest
on security deposit |
0.00 |
0.00 |
vi) |
Legal
charges |
0.09 |
0.00 |
vii) |
Bad
debts |
25.03 |
5.99 |
viii) |
Auditors
fees |
0.08 |
0.00 |
ix) |
Management
including managing agents remuneration |
0.00 |
0.00 |
x) |
Depreciation |
18.05 |
18.05 |
xi) |
Other
expenses |
0.04 |
0.00 |
xii) |
Contribution
to P.F., staff pension and gratuity |
6.87 |
0.00 |
xii.a) |
Expenses
on apprentice & other training scheme |
0.02 |
0.00 |
xiii) |
Bonus |
0.02 |
0.00 |
Total expenditure i.e. total of (B) (i to xiii) |
322.54 |
264.52 |
(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 |
1.07 |
1.07 |
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 |
|
|
Total
of (C) (i to vi) |
1.07 |
1.07 |
CLEAR
PROFIT (A-B-C) |
-11.78 |
-22.43 |
Reasonable
Return (Annex-B) |
7.53 |
3.47 |
Excess
or deficit of clear profit over reasonable return |
-19.31 |
-25.90 |