CALCULATION
OF CAPITAL BASE AND REASONABLE RETURN FOR FINANCIAL YEAR 1999-00
[In accordance with para XVII of Sixth Schedule of Electricity
(Supply) Act, 1948] |
| |
GRIDCO'S
PROPOSAL
(Rs. Crs.) |
COMMISSION'S
APPROVAL
(Rs. Crs.) |
A. |
(a) |
Original
cost of fixed asset Less consumers contribution |
1,423.33 |
1423.33 |
(b) |
Cost
of intangible asset |
17.48 |
6.08 |
(c) |
The
original cost of Work in progress |
448.63 |
448.62 |
(d) |
The
amount of investment compulsorily made under para-IV |
9.15 |
0.00 |
(e) |
An
amount on account of working capital equal to the sum of |
|
|
| |
(i)
Average cost of stores
(1/12th of the sum of the stores materials and suppliers including fuel in hand at
the end of each month of the year) |
28.80 |
4.96 |
| |
(ii)
Average cash and bank balance (1/12th of the sum of cash and bank balance whether credit
or debit and call and short term deposits at the end of each month of the year) |
12.95 |
13.16 |
Total of A: |
1,940.34 |
1,896.15 |
Less |
|
|
B. |
i) |
The
amounts written off or set aside on account of depreciation of fixed assets. |
274.59 |
274.59 |
ii) |
The
amount of any loan advanced by Board. |
- |
|
ii-a) |
The
amount of any loans borrowed from organisations or institutions approved by the State
Govt. |
1,067.99 |
986.29 |
ii-b) |
The
amount of any debenture issued by the licensee. |
|
400.00 |
| iii) |
The amounts of
deposited in cash with the licensee by consumers, by way of security. |
|
|
| iv) |
The amount standing
to the credit of Tariffs and Dividends control reserve at the beginning of the year of
account. |
|
|
| v) |
The amount standing
to the credit of the Development reserve at the close of the year. |
|
|
| vi) |
The amount carried
forward (at the beginning of the year of accounting) in the accounts of the Licensee for
distribution to the consumers. |
|
|
Total of B: |
1,342.58 |
1,660.88 |
Capital
Base (A-B) |
597.76 |
235.27 |
Reasonable return |
85.86 |
37.52 |
| |
@ 16
% on Investments made during FY00, i.e, 16%*(5977.6-5039.2) |
15.01 |
- |
| |
@
(8% Bank Rate +5%) on equivalent Capital Base as on 31.3.99, i.e. 13%*5039.2 |
65.51 |
30.59 |
| |
+
0.5% on Loans Outstanding at the end of FY00 |
5.34 |
6.93 |