|
Licensee:-WESCO LTD. |
ANNEX-A |
|
REVENUE REQUIREMENT FOR THE FINANCIAL YEAR
(03-04) |
|
Expenditure |
Rs. in Crore |
|
Para XVII Clause-2 (b) of Schedule VI of Elec. (Supply)
Act 1948 |
|
|
|
|
PROPOSAL |
Approved (With Parekh Comittee) |
Approved (Without Parekh Comittee) |
|
I. |
|
Purchase of Energy |
471.11 |
499.51 |
527.05 |
|
|
|
|
|
|
|
|
II. |
|
Distribution & Sale of Energy |
|
|
|
|
|
(a) |
Employees cost |
52.42 |
60.79 |
60.79 |
|
|
(b) |
Material cost |
21.30 |
16.89 |
16.89 |
|
|
(c) |
Admn. & General Expenses |
7.15 |
4.73 |
4.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
III. |
|
Rent, rates and taxes other than all |
2.51 |
|
|
|
|
|
taxed on income & profits |
|
|
|
|
|
|
|
|
|
|
|
IV. |
|
Interest on loans, advanced by Gridco |
16.78 |
10.77 |
10.77 |
|
|
(a) |
Interest on loan borrowed from organisation |
|
|
|
|
|
|
From World Bank |
15.53 |
8.04 |
8.04 |
|
|
|
WESCO POWER BOND INTEREST |
12.88 |
8.76 |
8.76 |
|
|
|
Interest On APDRP |
0.29 |
0.29 |
0.29 |
|
|
(b) |
Interest on debenture issued by licensee |
|
|
|
|
|
© |
Interest on Working Capital(DPS of GRIDCO) |
15.15 |
|
|
|
V. |
|
Interest on security deposit |
|
|
|
|
|
|
|
|
|
|
|
VI. |
|
Legal charges |
0.14 |
|
|
|
|
|
|
|
|
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|
VII. |
|
Bad debt |
22.33 |
17.96 |
17.96 |
|
|
|
|
|
|
|
|
VIII. |
|
Auditor's fees |
0.07 |
|
|
|
|
|
|
|
|
|
|
IX. |
|
Management including managing |
|
|
|
|
|
|
agents remuneration |
|
|
|
|
|
|
|
|
|
|
|
X. |
|
Depreciation |
30.67 |
11.76 |
11.76 |
|
|
|
|
|
|
|
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XI. |
|
Other expenses |
|
|
|
|
|
|
|
|
|
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|
XII. |
|
Contribution to P.F., Staff pension, |
7.00 |
|
|
|
|
|
Gratuity |
1.52 |
|
|
|
|
(a) |
Expenses on training & other |
0.03 |
|
|
|
|
|
training scheme |
|
|
|
|
|
(b) |
Bonus |
|
|
|
|
|
|
|
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|
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|
A |
|
(Total expenses I to XII) |
676.88 |
639.49 |
667.03 |
|
Special appropriation to cover |
|
|
|
|
Para XVII Clause 2(c) |
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|
|
|
TOTAL |
|
|
|
I. |
|
Previous loss |
70.86 |
|
|
|
|
|
|
|
|
|
|
II. |
|
All taxes on income & profits |
|
|
|
|
|
|
|
|
|
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|
III. |
|
Installments of written down account |
|
|
|
|
|
|
in respect of intangible assets and |
|
|
|
|
|
|
new capital issue expenses |
|
|
|
|
|
|
|
|
|
|
|
IV. |
|
Contribution of contingency reserve |
1.48 |
1.48 |
1.48 |
|
|
|
|
|
|
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|
V. |
|
Contribution towards arrear depreciation |
|
|
|
|
|
(a) |
Contribution to development reserve |
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|
|
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|
(b) |
Debt redemption and obligation |
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VI. |
|
Other special appropriation permitted |
|
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|
by State Government |
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|
B |
|
Total of (I to VI) |
72.34 |
1.48 |
1.48 |
|
|
|
Total (A+B) |
749.22 |
640.97 |
668.51 |