Licencee:-SOUTHCO LTD.

ANNEX-A2

REVENUE REQUIREMENT FOR THE FY.2002-03

Expenditure

 

RS Crore

Para XVII Clause-2 (b) of Schedule VI of Elec. (Supply) Act 1948

       

SOUTHCO

COMMISSION

COMMISSION

     

PROPOSAL

APPROVAL

APPROVAL

     

TOTAL

(With corrective)

(Without corrective)

I.

 

Purchase of Energy

210.36

207.42

266.3

II.

 

Distribution & Sale of Energy

     
 

(a)

Employees cost

46.45

48.53

48.53

  

(b)

Material cost

16.82

16.82

16.82

  

(c)

Admn. & General Expenses

6.96

3.33

3.33

III.

  

Rent, rates and taxes other than all

0.43

Included in A&G

Included in A&G

     

taxed on income & profits

      

IV.

 

Interest on loans, advanced by Gridco

10.82

11.13

11.13

 

(a)

Interest on loan borrowed from organisation

     
   

I)From World Bank

8.01

5.79

8.01

    

ii)From IFC

          
 

(b)

Interest on debenture issued by licensee

16.25

11.05

16.25

  

(.c)

Interest on Working Capital

21.42

0

0.00

V.

 

Interest on security deposit

     

VI.

 

Legal charges

0.13

Included in A&G

Included in A&G

VII.

  

Bad debt

10.00

7.76

7.76

IX.

 

Management including managing agents remuneration

     

X.

 

Depreciation

26.35

12.74

12.74

XI.

 

Other expenses

0.09

Included in A&G

Included in A&G

XII.

 

Contribution to P.F., Staff pension

6.53

Included in EMP cost

Included in EMP cost

   

Gratuity

1.32

Included in EMP cost

Included in EMP cost

 

(a)

Expenses on training & other training scheme

0.06

Included in A&G

Included in A&G

 

(b)

Bonus

0.03

Included in EMP cost

Included in EMP cost

A

 

(Total expenses I to XII)

382.10

324.58

390.88

Special appropriation to cover

Para XVII Clause 2(c)

        

TOTAL

    

I.

 

Previous loss

301.05

0

0

II.

  

All taxes on income & profits

 

III.

   

Installments of written down account in respect of intangible assets and new capital issue expenses

          

IV.

 

Contribution of contingency reserve

1.26

1.26

1.26

V.

 

Contribution towards arrear depreciation

      
 

(a)

Contribution to development reserve

     
 

(b)

Debt redemption and obligation

   

VI.

 

Other special appropriation permitted by State Government

      

B

 

Total of (I to VI)

302.31

1.26

1.26

   

Total (A+B)

684.42

325.84

392.14