Licencee:-NESCO LTD. |
Annex-C-1 |
CALCULATION
OF CLEAR PROFIT FOR THE FINANCIAL YEAR 2001-02 |
Rs.
in Crore |
| AS PER THE SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 PARA XVII
(2) |
(A) |
|
Income
derived from : |
NESCO's
Proposal |
Commission
approval |
|
|
|
|
with correctives |
without
correctives |
|
i) |
Gross receipt from Sale of energy less discounts applicable thereto. |
386.19 |
341.95 |
341.95 |
|
ii) |
Rental of meters and other apparatus hired to consumers. |
2.60 |
2.60 |
2.60 |
|
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) |
388.78 |
344.55 |
344.55 |
(B) |
|
Expenditure properly incurred on : |
|
i) |
Generation & purchase of energy |
310.84 |
313.05 |
313.05 |
|
ii) |
Distribution and sale of energy |
|
|
|
|
a) |
Employees cost |
50.85 |
49.60 |
49.60 |
|
b) |
Material |
16.32 |
16.32 |
16.32 |
|
c) |
A&G expenses |
7.19 |
6.21 |
6.21 |
|
iii) |
Rents, rates & taxes, other than all taxed on income and profit |
0.00 |
|
|
|
iv) |
Interest on loan advanced by GRIDCO |
13.48 |
9.02 |
9.02 |
|
iv.a) |
Interest on loan borrowed from Organisation |
7.04 |
4.38 |
6.26 |
|
|
DPS GRIDCO |
52.13 |
|
|
|
iv.b) |
Interest on debenture issued by licensee |
20.88 |
14.20 |
20.88 |
|
v) |
Interest on security deposit |
|
|
|
|
vi) |
Legal charges |
0.00 |
|
|
|
vii) |
Bad debts |
13.54 |
8.61 |
8.61 |
|
viii) |
Auditors fees |
0.00 |
|
|
|
ix) |
Management including managing agents remuneration |
|
|
|
|
x) |
Depreciation |
23.44 |
11.38 |
11.38 |
|
xi) |
Other expenses |
0.00 |
|
|
|
xii) |
Contribution to P.F., staff pension and gratuity |
0.00 |
|
|
| |
xii.a) |
Expenses on apprentice & other training scheme |
0.00 |
|
|
|
xiii) |
Bonus |
|
|
|
Total expenditure i.e. total of (B) (i to xiii) |
515.71 |
432.76 |
441.32 |
(C) |
|
Special appropriation to cover : |
|
i) |
Previous losses (1/3rd claimed) |
|
|
|
|
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 |
1.13 |
1.13 |
1.13 |
|
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 the State Govt. |
|
|
|
Total of (C) (i to vi) |
1.13 |
1.13 |
1.13 |
CLEAR PROFIT (A-B-C) |
(128.06) |
(89.35) |
(97.91) |
Reasonable Return (Form No. F.14) |
0.00 |
1.55 |
1.55 |
Excess or deficit of clear profit over reasonable return |
(128.06) |
(90.90) |
(99.46) |