|
Licensee CESCO.......................................... |
OERC |
|
CALCULATION OF CLEAR PROFIT FOR THE ENSUING FINANCIAL
YEAR (2003-04) AS PER THE SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 |
|
PARA - XVII (2) |
ANNEX-B |
|
Rs. in Crs |
|
(A) |
|
Income derived from : |
PROPOSED |
App With Parekh Committee |
App Without Parekh Committee |
|
|
i) |
Gross receipt from Sale of energy less discounts
applicable thereto. |
898.54 |
765.24 |
765.24 |
|
|
ii) |
Rental of meters and other apparatus hired to consumers. |
26.22 |
26.22 |
26.22 |
|
|
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) |
924.75 |
791.46 |
791.46 |
|
(B) |
|
Expenditure properly incurred on : |
|
|
|
|
|
i) |
Generation & purchase of energy |
518.76 |
527.29 |
559.15 |
|
|
ii) |
Distribution and sale of energy |
159.65 |
142.17 |
142.17 |
|
|
|
a) Employees cost |
109.19 |
108.86 |
108.86 |
|
|
|
b) Material |
31.84 |
24.12 |
24.12 |
|
|
|
c) A&G expenses |
18.62 |
9.18 |
9.18 |
|
|
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 |
51.74 |
35.01 |
35.01 |
|
|
iv.b) |
Interest on debenture issued by licensee |
|
|
|
|
|
v) |
Interest on security deposit |
|
|
|
|
|
vi) |
Legal charges |
|
|
|
|
|
vii) |
Bad debts |
20.22 |
19.13 |
19.13 |
|
|
viii) |
Auditors fees |
|
|
|
|
|
ix) |
Management including managing agents remuneration |
|
|
|
|
|
|
|
|
|
|
|
|
x) |
Depreciation |
42.62 |
16.80 |
16.80 |
|
|
xi) |
Other expenses |
168.00 |
|
|
|
|
|
|
|
|
|
|
|
xii) |
Contribution to P.F., staff pension and gratuity |
|
|
|
|
|
xii.a) |
Expenses on apprentice & other training scheme |
|
|
|
|
|
xiii) |
Bonus |
|
|
|
|
|
Total expenditure i.e. total of (B) (i to xiii) |
|
960.99 |
740.40 |
772.26 |
|
(C) |
|
Special appropriation to cover : |
|
|
|
|
|
i) |
Previous losses |
1,110.10 |
0 |
|
|
|
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 the State Govt. |
|
|
|
|
|
|
Total of (C) |
1,110.10 |
- |
- |
|
|
|
CLEAR PROFIT (A-B-C) |
(1,146.34) |
51.06 |
19.20 |
|
|
|
Reasonable Return (Form No. F.14) |
(46.95) |
11.64 |
11.64 |
|
|
|
Excess or deficit of clear profit over reasonable return |
(1,193.29) |
39.43 |
7.57 |