Licencee:-SOUTHCO LTD. |
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 |
(A) |
|
Income derived from : |
SOUTHCO'S PROPOSAL |
COMMISSION |
COMMISSION |
| |
|
|
|
APPROVAL |
APPROVAL |
| |
|
|
|
With
correctives |
Without
correctives |
| |
i) |
Gross
receipt from Sale of energy less discounts applicable thereto. |
348.20 |
260.90 |
260.90 |
| |
ii) |
Rental
of meters and other apparatus hired to consumers. |
2.55 |
2.55 |
2.55 |
| |
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) |
350.76 |
263.45 |
263.45 |
(B) |
|
Expenditure
properly incurred on : |
|
|
|
| |
i) |
Generation
& purchase of energy |
204.62 |
200.91 |
200.91 |
| |
ii) |
Distribution
and sale of energy |
|
|
|
| |
|
a)
Employees cost |
43.45 |
47.54 |
47.54 |
| |
|
b)
Material |
15.57 |
15.57 |
15.57 |
| |
|
c)
A&G expenses |
6.43 |
3.17 |
3.17 |
| |
iii) |
Rents,
rates & taxes, other than all taxed on income and profit |
0.36 |
|
|
| |
iv) |
Interest
on loan advanced by GRIDCO and others |
14.52 |
14.52 |
14.52 |
| |
iv.a) |
Interest
on loan borrowed from Organisation |
6.39 |
3.91 |
5.63 |
| |
iv.b) |
Interest
on debenture issued by licensee ( Power Bond) |
16.25 |
11.05 |
16.25 |
| |
v) |
Interest
on security deposit |
14.57 |
0.00 |
|
| |
vi) |
Legal
charges |
0.11 |
|
|
| |
vii) |
Bad
debts |
10.52 |
6.52 |
6.52 |
| |
viii) |
Auditors
fees |
0.05 |
|
|
| |
ix) |
Management
including managing agents remuneration |
0.00 |
|
|
| |
x) |
Depreciation |
22.45 |
10.85 |
10.85 |
| |
xi) |
Other
expenses |
0.09 |
|
|
| |
|
|
0.00 |
|
|
| |
xii) |
Contribution
to P.F., staff pension and gratuity |
6.05 |
|
|
| |
|
|
1.22 |
|
|
| |
xii.a) |
Expenses
on apprentice & other training scheme |
0.05 |
|
|
| |
xiii) |
Bonus |
0.03 |
|
|
| |
Total expenditure i.e. total of (B) (i to xiii) |
362.72 |
314.05 |
320.97 |
(C) |
|
Special
appropriation to cover : |
|
|
|
| |
i) |
Previous
losses |
|
|
|
| |
ii) |
Gaps
in Previous Retail Tariff Order |
|
|
|
| |
iii) |
All
tax on income and profits |
|
|
|
| |
iv) |
Instalments
of written down amounts in respect of intangible asset and new capital issue expenses |
|
|
|
| |
v) |
Contribution
to contingency reserve |
1.09 |
1.09 |
1.09 |
| |
vi) |
Contribution
towards arrear depreciation |
|
|
|
| |
vii.a) |
Contribution
to Development Reserve, referred to in para |
|
|
|
| |
vii.b) |
Debt
redemption obligation |
|
|
|
| |
viii) |
Other
special appropriation permitted by the State Govt. |
|
|
|
| |
|
Total
of (C) (i to vi) |
1.09 |
1.09 |
1.09 |
| |
|
CLEAR
PROFIT (A-B-C) |
(13.05) |
(51.68) |
(58.60) |
| |
|
Reasonable
Return (Form No. F.14) |
0 |
1.46
|
1.46
|
| |
|
Excess
or deficit of clear profit over reasonable return |
(13.05) |
(53.14) |
(60.06) |