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Licensee:-NESCO
LTD.
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CALCULATION OF
CLEAR PROFIT FOR THE ENSUING FINANCIAL YEAR mso-spacerun: yes"
(2003-04)
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ANNEX-B
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AS PER THE
SCHEDULE VI OF ELECTRICITY SUPPLY ACT, 1948 PARA XVII (2)
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Rs. in Crore
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PROPOSED
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Approval
(With Parekh Committee)
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Approval
(Without Parekh Committee)
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(A)
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Income
derived from :
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i)
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Gross receipt from
Sale of energy less discounts applicable thereto.
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486.81
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460.00
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460.00
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ii)
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Rental of meters
and other apparatus hired to consumers.
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4.26
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4.26
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4.26
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iii)
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Sale
& repair lamps and apparatus
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iv)
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Rents
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v)
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Transfer
fees
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vi)
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Interest
on investment
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vii)
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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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Total of (A) (i to
vii)
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491.07
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464.26
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464.26
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(B)
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Expenditure
properly incurred on :
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i)
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Generation
& purchase of energy
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305.53
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328.76
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350.54
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ii)
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Distribution
and sale of energy
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a) mso-spacerun: yes"
Employees cost
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57.89
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56.17
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56.17
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b) mso-spacerun: yes"
Material
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20.93
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17.59
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17.59
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c) mso-spacerun: yes"
A&G expenses
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9.80
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6.98
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6.98
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iii)
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Rents, rates &
taxes, other than all taxed on income and profit
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0.00
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iv)
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Interest
on loan advanced by GRIDCO
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12.04
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7.75
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7.75
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iv.a)
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Interest
on loan borrowed from Organisation
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13.32
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9.79
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9.79
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DPS
GRIDCO
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40.69
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iv.b)
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Interest
on debenture issued by licensee
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20.88
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14.195
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14.195
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v)
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Interest
on security deposit
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vi)
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Legal
charges
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0.00
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vii)
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Bad
debts
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15.93
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11.50
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11.50
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viii)
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Auditors
fees
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0.00
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ix)
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Management
including managing agents remuneration
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x)
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Depreciation
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30.14
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12.25
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12.25
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xi)
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Other
expenses
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0.00
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xii)
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Contribution to
P.F., staff pension and gratuity
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0.00
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xii.a)
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Expenses on
apprentice & other training scheme
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0.00
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xiii)
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Bonus
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Total expenditure
i.e. total of (B) (i to xiii)
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527.15
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465.00
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486.78
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(C)
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Special
appropriation to cover :
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i)
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Previous
losses
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109.93
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0
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ii)
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All
tax on income and profits
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iii)
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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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1.45
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1.45
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1.45
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v)
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Contribution
towards arrear depreciation
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v.a)
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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)
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Other special
appropriation permitted by the State Govt.
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Total of (C) (i to
vi)
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111.39
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1.45
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1.45
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CLEAR PROFIT
(A-B-C)
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(147.47)
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(2.19)
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(23.97)
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Reasonable
Return (Form No. F.14)
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2.05
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10.55
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10.55
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Excess or deficit
of clear profit over reasonable return
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(149.51)
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(12.73)
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(34.51)
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