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Licensee:-SOUTHCO LTD.
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CALCULATION OF CLEAR PROFIT FOR THE
FINANCIAL YEAR 2003-04
AS PER THE SCHEDULE VI OF ELECTRICITY
SUPPLY ACT, 1948
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Rs. In Cr
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PARA
- XVII (2)
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ANNEX - B
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(A)
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Arial"Income derived from :
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Proposed
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Approved(With
Parekh Comittee)
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Approved(Without
Parekh Comittee)
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i)
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Gross receipt from Sale of energy less
discounts applicable thereto.
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390.59
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288.01
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288.01
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ii)
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Rental of meters and other apparatus
hired to consumers.
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3.55
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3.55
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3.55
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iii)
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12.;Sale & repair lamps and apparatus
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iv)
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12.;Rents
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v)
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12.;Transfer fees
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vi)
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12.;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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394.14
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291.56
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291.56
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(B)
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Expenditure properly incurred on :
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i)
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12.;Generation & purchase of energy
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197.66
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Arial"
199.00
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Arial"
211.64
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ii)
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12.;Distribution and sale of energy
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12.;a) Employees
cost
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46.59
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52.92
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52.92
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12.;b) Material
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16.28
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16.38
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16.38
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12.;c) A&G
expenses
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5.05
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3.56
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3.56
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iii)
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Rents, rates & taxes, other than all
taxed on income and profit
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1.79
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iv)
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12.;Interest on loan advanced by GRIDCO and others
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30.23
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10.74
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10.74
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iv.a)
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Interest on loan borrowed from
Organisation
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14.82
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19.59
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19.59
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iv.b)
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12.;DPS
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20.49
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v)
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12.;Interest on security deposit
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vi)
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12.;Legal charges
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0.09
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vii)
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12.;Bad debts
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14.31
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7.20
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7.20
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viii)
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12.;Auditors fees
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0.05
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ix)
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Management including managing agents
remuneration
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x)
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12.;Depreciation
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29.45
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11.41
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11.41
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xi)
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12.;Other expenses
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0.11
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xii)
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Contribution to P.F., staff pension and
gratuity
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7.80
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xii.a)
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Expenses on apprentice & other
training scheme
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0.05
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xiii)
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12.;Bonus
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0.03
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Total expenditure i.e. total of (B) (i
to xiii)
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384.81
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320.80
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333.44
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(C)
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Special appropriation to cover :
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i)
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12.;Previous losses
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97.94
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0
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ii)
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12.;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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12.;Contribution to contingency reserve
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1.42
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1.42
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1.42
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v)
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12.;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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12.;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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99.36
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1.42
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1.42
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CLEAR PROFIT (A-B-C)
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(90.03)
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(30.66)
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(43.30)
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12.;Reasonable Return (Form No. F.14)
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1.19
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6.03
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6.03
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12.;Excess or deficit of clear profit over reasonable
return
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(91.22)
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(36.68)
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(49.32)
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