CALCULATION
OF CLEAR PROFIT FOR A PERIOD OF 12 MONTHS AS PER THE
SIXTH
SCHEDULE OF ELECTRICITY (SUPPLY) ACT, 1948 PARA-XVII (2) |
(Rs. in
crs.) |
| |
Gridco's
Proposal |
Commission's
Approval |
(A) |
Income derived from : |
|
|
i) |
Gross receipt from Sale of energy |
1680.23 |
1,247.02 |
| |
Less discounts applicable thereto (@2% on revenue) |
33.61 |
0 |
| |
|
1,646.62 |
1,247.02 |
ii) |
Rental of meters and other apparatus hired to consumers |
|
iii) |
Sale & repair lamps and apparatus |
|
|
iv) |
Rents |
|
|
v) |
Transfer fees |
|
|
vi) |
Interest on investment |
|
|
vii) |
Other general receipts accountable for income tax and arising from and
ancillary or incidental to business of electricity supply. |
62.76 |
55.91 |
| |
Total of (A) (i to vii) |
1,709.38 |
1,302.93 |
(B) |
Expenditure properly incurred on : |
|
|
i) |
Generation & purchase of energy |
1202.9 |
1051.82 |
ii) |
Distribution and sale of energy |
|
|
| |
a) Employees cost |
85.05 |
67.10 |
| |
b) Repairs and Maintenance |
48.00 |
19.84 |
| |
c) A&G expenses |
22.39 |
11.91 |
| |
LESS CAPITALISED |
(13.18) |
(10.26) |
iii) |
Rents, rates & taxes, other than all taxed on income and profit |
|
iv) |
Interest on loan advanced by Board |
|
|
iv.a) |
Interest on loan borrowed from Organisation |
168.43 |
71.53 |
iv.b) |
Interest on debenture issued by licensee |
|
|
v) |
Interest on security deposit |
|
|
vi) |
Legal charges |
|
|
vii) |
Bad debts |
25.56 |
0.00 |
viii) |
Auditors fees |
|
|
ix) |
Management including managing agents remuneration |
|
x) |
Depreciation |
79.42 |
79.42 |
xi) |
Other expenses |
|
|
xii) |
Contribution to P.F., staff pension and gratuity |
|
|
xii.a) |
Expenses on apprentice & other training scheme |
|
|
xiii) |
Bonus |
|
|
Total expenditure i.e. total of (B) (i to xiii) |
1,618.58 |
1,291.36 |
(C) |
Special appropriation to cover : |
|
|
i) |
Previous losses |
|
|
ii) |
All tax on income and profits |
|
|
iii) |
Instalments of written down amounts in respect of intangible asset and new
capital issue expenses |
iv) |
Contribution to contingency reserve |
4.96 |
4.96 |
v) |
Contribution towards arrear depreciation |
|
|
v.a) |
Contribution to Development Reserve, referred to in para |
|
v.b) |
Debt redemption obligation |
|
|
vi) |
Other special appropriation permitted by the State Govt. |
|
| |
Total of (C) (i to vi) |
4.96 |
4.96 |
| |
CLEAR PROFIT (A-B-C) |
85.85 |
6.61 |
| |
Reasonable Return (Annex-II) |
85.86 |
37.52 |
| |
Excess or deficit of clear profit over reasonable return |
(0.01) |
(30.91) |