| Licencee : CESCO |
Annex-B-2 |
| CALCULATION OF CAPITAL BASE AND REASONABLE
RETURN FOR THE FINANCIAL YEAR 2002-03 |
|
[In accordance
with para XVII of Schedule VI of Electricity (Supply) Act, 1948]
|
|
(Rs. Crore)
|
| A. |
CESCO's PROPOSAL |
COMMISSION APPROVAL |
| (a) |
Original cost of
fixed asset |
560.07 |
560.07 |
| |
Less : Consumer
Contribution |
101.33 |
101.33 |
| (b) |
Cost of
intangible asset |
|
|
| (c) |
The original cost
of Work in progress |
110.89 |
110.89 |
| (d) |
The amount of
investment compulsorily made under para-IV |
1.40 |
- |
| (e) |
An
amount on account of working capital equal to the sum of |
|
|
| |
(i)
Average cost of stores
| 99.51 |
6.57 |
| |
(ii) Average cash and bank balance |
23.48 |
17.37 |
|
Total of A:
|
694.02 |
593.57 |
| Less |
|
|
| B. |
| i) |
The amounts
written off or set aside on account of depreciation |
187.38
|
155.09 |
| |
of fixed assets. |
|
|
| ii) |
The amount of any
loan advanced by Board. |
|
|
| ii-a) |
The amount of any loans borrowed from organisations or
institutions approved by the State Govt. |
354.04
|
403.32 |
| ii-b) |
The amount of any
debenture issued by the licensee. |
- |
|
| iii) |
The amounts of deposited in cash with the licensee by consumers,
by way of security. |
40.44
|
40.44 |
| iv) |
The amount standing to the credit of Tariffs and Dividends
control reserve at the beginning of the year of account. |
|
|
| v) |
The amount standing to the credit of the Development reserve at
the close of the year. |
|
|
| vi) |
The amount carried forward (at the beginning of the year of
accounting) in the accounts of the Licensee for distribution to the
consumers. |
|
|
| Total of B: |
581.859 |
598.844 |
| Capital Base (A-B) |
112.164 |
(5.278) |
| Reasonable return @ 16% on Capital Base |
17.95 |
- |
| |
16% |
|
| 0.5% on LT loan |
2.02
|