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Licensee- Grid Corporation of Orissa Limited.
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ANNEX-B
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CALCULATION OF CLEAR PROFIT FOR THE ENSUING FINANCIAL YEAR FY
03-04
AS PER THE SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948
PARA mso-spacerun - XVII (2)
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Rs.
in Crs
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Estimate.
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Approved
(With Parekh Comitte)
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Approved
(Without Parekh Comitte)
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(A)
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Income derived from
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2003-04
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2003-04
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2003-04
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i) 10
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Gross receipt from Sale of energy 10
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1600.19
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1,554.46
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1,648.55 10
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10
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mso-spacerun less discounts
applicable thereto 10
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10
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Net receipt from Sale of energy to DISTCOS
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1600.19
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1554.46
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1648.55
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10
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Gross receipt from direct mso-spacerun Sale
of energy to other than DISTCOS less discounts applicable thereto.
10
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0.00 10
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ii) 10
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Rental of meters and other apparatus hired to customer
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0.00 10
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iii)
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****
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iv)
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Rents less out goings otherwise provided for
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v)
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Transfer fees 10
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vi)
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Investment fixed & call deposits & bank balance
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vii) 10
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Other general receipts accountable for income tax and arising
from and ancillary or incidental to business of electricity supply.
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55.36
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540.10
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542.51
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Total of (A) (i to vii) 10
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1655.55
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2094.56
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2191.06
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(B)
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10
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Expenditure properly incurred on
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i)
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mso-spacerun Cost of Purchase of
Energy 10
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1668.01
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1648.72
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1,648.72
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ii)
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Transmission Cost (O/M)
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a) mso-spacerun Employees cost
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118.28
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100.06
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100.06
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b) mso-spacerun Material
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13.35
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13.35
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13.35
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c) mso-spacerun A&G expenses
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20.09
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14.19
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14.19
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d) Amortisation of approved investment for restoring damages due
to cyclone. 10
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0.00 10
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iii) 10
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Rents, rates & taxes, other than all taxed on income and
profit 10
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iv)
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Interest on loan advanced by Board 10
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455.38
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218.00
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314.49
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iv.a) 10
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Interest on loan borrowed from Organisation
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iv.b)
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Interest on debenture issued by licensee
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v)
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Interest on security deposit
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vi)
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Legal charges 10
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0.82 10
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vii)
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Bad debts 10
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0.00 10
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viii)
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Auditors fees 10
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0.12 10
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ix) 10
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Management including managing agents remuneration
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x)
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Depreciation 10
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42.78
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36.05
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36.05
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xi)
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Other expenses mso-spacerun (ERLDC
Fees) 10
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1.35
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1.35
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1.35 10
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xii) 10
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Contribution to P.F., staff pension and gratuity
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xii.a) 10
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Expenses on apprentice & other training scheme
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xiii)
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Bonus 10
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Total expenditure i.e. total of (B) (i to xiii)
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2320.18
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2031.71
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2128.20
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(C)
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10
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Special appropriation to cover
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i)
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Previous losses 10
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917.12
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ii)
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All tax on income and profits
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iii) 10
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Instalments of written down amounts in respect of intangible
asset and new capital issue expenses
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iv)
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Contribution to contingency reserve
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14.12
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14.12
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14.12
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v)
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Contribution towards arrear depreciation
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v.a) 10
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Contribution to Development Reserve, referred to in para
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v.b)
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Debt redemption obligation
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vi) 10
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Other special appropriation permitted by the State Govt.
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48.72
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48.72
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Total of (C) (i to vi)
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931.24
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62.84
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62.84
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CLEAR PROFIT (A-B-C)
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(1,595.87)
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0.01
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0.01
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Reasonable
Return 10
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30.69
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0.00
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0.00
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Excess or deficit of clear profit over reasonable return
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(1,626.56)
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0.00
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0.00
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