Licencee : CESCO |
Annex-C2 |
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| CALCULATION OF CLEAR PROFIT FOR THE FINANCIAL YEAR 2002-03 | |||||
| AS PER THE SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 PARA - XVII (2) | |||||
| CESCO's PROPOSAL | COMMISSION APPROVAL |
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(A) |
Income derived from : |
With corrective | Without corrective | ||
i) |
Gross receipt from Sale of energy less discounts applicable thereto. |
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ii) |
Rental of meters and other apparatus hired to consumers. |
23.86 |
23.86 |
23.86 |
|
iii) |
Sale & repair lamps and apparatus |
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iv) |
Rents |
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v) |
Transfer fees |
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vi) |
Interest on investment |
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vii) |
Other general receipts accountable for income tax and arising from and ancillary or incidental to business of electricity supply. |
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Total of (A) (i to vii) |
725.89 |
865.41 |
865.41 |
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(B) |
Expenditure properly incurred on : |
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i) |
Generation & purchase of energy |
586.70 |
561.51 |
708.43 |
|
ii) |
Distribution and sale of energy |
140.89 |
125.49 |
125.49 |
|
| a) | Employees cost |
104.07 |
95.63 |
95.63 |
|
| b) | Material |
30.38 |
26.28 |
26.28 |
|
| c) | A&G expenses |
12.06 |
8.58 |
8.58 |
|
less : interest captalised |
5.61 |
4.99 |
4.99 |
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iii) |
Rents, rates & taxes, other than all taxed on income and profit |
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iv) |
Interest on loan advanced by Board |
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iv.a) |
Interest on loan borrowed from Organisation |
80.29 |
39.16 |
43.75 |
|
iv.b) |
Interest on debenture issued by licensee |
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v) |
Interest on security deposit |
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vi) |
Legal charges |
incl in A&G |
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vii) |
Bad debts |
24.48 |
21.04 |
21.04 |
|
viii) |
Auditors fees |
incl in A&G |
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ix) |
Management including managing agents remuneration |
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x) |
Depreciation |
34.96 |
18.12 |
18.12 |
|
xi) |
Other expenses / Surcharge on overdue payables |
140.40 |
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xii) |
Contribution to P.F., staff pension and gratuity |
Incl.in EmpCost |
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xii.a) |
Expenses on apprentice & other training scheme |
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xiii) |
Bonus |
- |
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Total expenditure i.e. total of (B) (i to xiii) |
1,007.73 |
765.32 |
916.83 |
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(C) |
Special appropriation to cover : |
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i) |
Previous losses |
560.59 |
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ii) |
All tax on income and profits |
- |
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iii) |
Instalments of written down amounts in respect of intangible asset and new capital issue expenses |
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iv) |
Contribution to contingency reserve |
- |
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v) |
Contribution towards arrear depreciation |
- |
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v.a) |
Contribution to Development Reserve, referred to in para |
- |
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v.b) |
Debt redemption obligation |
- |
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vi) |
Other special appropriation permitted by OERC in order dated 19.1.01para 7.26.3 |
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Total of (C) (i to vi) |
611.63 |
- |
- |
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CLEAR PROFIT (A-B-C) |
(893.48) |
100.08 |
(51.43) |
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Reasonable Return (Form No. F.14) |
17.95 |
2.02 |
2.02 |
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Excess or deficit of clear profit over reasonable return |
(911.42) |
98.07 |
(53.44) |
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