Licencee : CESCO OERC     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
  CESCO's PROPOSAL COMMISSION APPROVAL
(A)  Income derived from : With Corrective Without Corrective
i) Gross receipt from Sale of energy less discounts applicable thereto.                         627.85 744.70 744.70
ii) Rental of meters and other apparatus hired to consumers.                            20.30                          20.30                          20.30
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)                      648.15  765.00  765.00
(B) Expenditure properly incurred on : 
i) Generation & purchase of energy  535.12  571.95  571.95
ii) Distribution and sale of energy                         129.12                         122.73                        122.73
  a)  Employees cost  94.44 93.27 93.27
  b)  Material  25.75 23.43 23.43
  c)  A&G expenses  11.16 8.17 8.17
  less : interest captalised  2.24 2.13 2.13
iii) Rents, rates & taxes, other than all taxed on income and profit      
iv) Interest on loan advanced by Board      
iv.a) Interest on loan borrowed from Organisation                            70.74                          35.07                          37.90
iv.b) Interest on debenture issued by licensee       
v) Interest on security deposit       
vi) Legal charges  incl in A&G    
vii) Bad debts

    23.67

18.62 18.62
viii) Auditors fees   incl in A&G    
ix) Management including managing agents remuneration         
x) Depreciation                           31.58 16.12 16.12
xi) Other expenses / Surcharge on overdue payables                           97.62    
xii) Contribution to P.F., staff pension and gratuity   Incl.in EmpCost    
xii.a) Expenses on apprentice & other training scheme      
xiii) Bonus  -      
 Total expenditure i.e. total of (B) (i to xiii)                       887.83        764.49  767.32
(C) Special appropriation to cover :
i) Previous losses 

            298.98

   
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                                 -      
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 in order dated 19.1.01para 7.26.3         51.04     
   Total of (C) (i to vi)                       350.02              -  
   CLEAR PROFIT (A-B-C)   (589.70)    0.51  (2.32)
   Reasonable Return (Form No. F.14)              6.24     10.51  10.51
    Excess or deficit of clear profit over reasonable return                         (595.94)                         (10.00)                         (12.83)