ANNEX. C

CALCULATION OF CLEAR PROFIT FOR THE FINANCIAL YEAR 2000-01

(Rs Crores)

 

SL.NO

DESCRIPTION

CESCO'S
PROPOSAL

COMMISSION
APPROVAL

(A)

Income derived from :

 

 

 

i)

Gross receipt from Sale of energy less discounts applicable thereto.

550.00

623.58

 

ii)

Rental of meters and other apparatus hired to consumers.

18.89

18.89

 

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)

568.89

642.47

(B)

Expenditure properly incurred on :

 

 

 

i)

Generation & purchase of energy

527.98

455.73

 

ii)

Distribution and sale of energy

 

 

 

 

a) Employees cost

99.63

89.37

 

 

b) Material

19.88

19.57

 

 

c) A&G expenses

18.75

7.78

 

iii)

Rents, rates & taxes, other than all taxed on income & profits(included in A & G Expenses)

-

-

 

iv)

Interest on loan advanced by GRIDCO

 

 

 

iv.a)

Interest on loan borrowed from Organisation

20.95

20.95

 

iv.b)

Interest on debenture issued by licensee

 

 

 

v)

Interest on security deposit

-

-

 

vi)

Legal charges

 

 

 

vii)

Bad debts

22.98

15.59

 

viii)

Auditor's fees(included in A & G Expenses)

0.42

 

 

ix)

Management including managing agents remuneration

 

 

 

x)

Depreciation

26.87

26.42

 

xi)

Other expenses/Loss due to Damaged Assets

21.66

 

 

xii)

Contribution to P.F., Staff pension,(included in Employes Cost)

 

 

 

 

Gratuity(included in Employees Cost)

 

 

 

xii.a)

Expenses on training & other training scheme(included in Employees Cost)

 

 

 

xiii)

Bonus

0.35

 

 

Total expenditure i.e. total of (B) (i to xiii)

759.47

635.42

(C)

Special appropriation to cover :

 

 

 

i)

Previous losses

13.77

 

 

ii)

All tax on income and profits

 

 

 

iii)

Installments of written down amounts in respect of intangible asset and new capital issue expenses

 

 

 

iv)

Contribution to contingency reserve

-

1.12

 

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.

1.41

 

Total of (C) (i to vi)

15.18

-

CLEAR PROFIT (A-B-C)

-205.76

7.05

Reasonable Return (Form No. F.14)

18.17

4.13

Excess or deficit of clear profit over reasonable return

-223.93

2.92