2013 14online.mesco.in/documents/view_document.jsp?foldername=e...9. sri. m. nagaraj - director...

Mangalore Electricity Supply Company Limited

TH12 ANNUAL REPORT2013 �14

BOARD OF DIRECTORS 1. Sri. G. Kumar Naik, IAS - Chairman

2. Sri. Chikkananjappa - Managing Director

3. Sri. N. Lakshman - Director (Tech)

4. Dr. Aditi Raja - Director

5. Sri. A.B. Ibrahim, IAS - Director

6. Sri. K.L Ramachandra - Director

7. Sr. M.S. Shivaram - Director

8. Sri. V. Venkatashiva Reddy - Director

9. Sri. M. Nagaraj - Director

CORPORATE OFFICE Paradigm Plaza, A.B Shetty Circle, Mangalore - 575001

REGD. OFFICE Paradigm Plaza, A.B Shetty Circle, Mangalore - 575001

WEBSITE www.mesco.in

CORPORATE IDENTITY No. (CIN):

U40109 KA 2002 SGC 030425

BANKERS:1. Syndicate Bank

2. State Bank of India

3. State Bank of Mysore

4. Canara Bank

5. Vijaya Bank

6. Corporation Bank

7. Punjab & Sindh Bank

8. UCO Bank

9. Indian Bank

10. Axis Bank

11. Karnataka Bank

STATUTORY AUDITORSM/s. Rodrigues & D'souza, Chartered Accountants Mangalore

COST AUDITORS M/s. Rao Murthy & Associates, Cost Auditors, Bangalore

MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED

2

ANNUAL REPORT 2013-14

3

TABLE OF CONTENTS

1. Directors Report .... 4

2. Addendum to the Directors' Report .... 23

3. Auditors' Report .... 26

4. Annexure to the Auditors' Report .... 29

5. Comments of the Comptroller and Auditor General .... 32

of India on the Annual Accounts

6. Balance Sheet .... 33

7. Statement of Profit and Loss .... 34

8. Cash Flow Statement .... 35

9. Significant Accounting Policies .... 36

10. Notes on Financial Statements .... 39

11. Vital Statistics .... 69

1. ¤zÉÃð±ÀPÀgÀ ªÀgÀ¢ .... 80

2. ¤zÉÃð±ÀPÀgÀ ªÀgÀ¢UÉ C£ÀÄ§AzsÀ .... 99

3. ˉÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀ ªÀgÀ¢ .... 102

4. ˉÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀ ªÀgÀ¢UÉ C£ÀÄ§AzsÀ .... 105

5. ¨sÁgÀvÀ ¸ÀgÀPÁgÀzÀ ¤AiÀÄAvÀæPÀgÀÄ ªÀÄvÀÄÛ ªÀÄºÁˉÉÃR¥Á®gÀ ºÉÃ½PÉUÀ¼ÀÄ .... 108

6. D¹Û ºÉÆuÉ ¥ÀnÖ .... 109

7. ˉÁ¨sÀ ªÀÄvÀÄÛ £ÀµÀÖ ¥ÀnÖ .... 110

8. £ÀUÀzÀÄ ºÀjªÀÅ ¥ÀnÖ .... 111

9. ˉÉPÁÌZÁgÀzÀ ¥ÀæªÀÄÄR PÁAiÀÄð ¤ÃwUÀ¼ÀÄ .... 112

10. ºÀtPÁ¸ÀÄ «ªÀgÀuÁ ¥ÀnÖAiÀÄ n¥ÀàtÂUÀ¼ÀÄ .... 114

11. ¥ÀæªÀÄÄR CAQ CA±ÀUÀ¼ÀÄ .... 144


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DIRECTORS' REPORT FOR FY 2013-14

1. Mangalore Electricity Supply Company Limited (MESCOM) is one among five ESCOMs in Karnataka

discharging the duties of distribution of electricity in two coastal Districts viz., Dakshina Kannada &

Udupi as well as in two Malnad Districts viz., Shimogga & Chikmagalore. The Board of Directors thherewith present the 12 Annual Report on the business and operations of the Company along with

stthe Audited Accounts for the year ended 31 March, 2014.

Company2. having a working strength of 3,794 employees is serving 1994726 consumers of various

category has achieved an all time record turnover of about Rs. 2209.23 Crores during the year

2013-14.

stAt 3. a glance the status of the Company as on 31 March 2014 is as follows:

Area of distribution and Supply (Sq. Km.) 26,222

Number of sub stations 400 KV, 220 KV, 110 KV, 66 KV (of KPTCL) 77

Number of 33 KV sub stations 34

Number of Distribution Transformers 44803

Length of LT Lines (in CKMs) 73414

Length of 11 KV Lines (in CKMs) 28357

Length of 33 KV Lines (in CKMs) 692.311

4. Consumer Base

st As on 1 April 2013, the Company had a consumer base of 1925317 Nos. With the addition of 69409

Nos. of new consumers during the year, the number of consumers at the end of the year March 2014

stood at 1994726 Nos., comprising of the following categories:

Tariff Description Total

LT -1 BJ/KJ 183038

LT-2 (a&b) Lighting & AEH 1322620

LT-3 Commercial 174395

LT-4 IP Set Installations 249969

LT-5 Industrial 24199

LT-6a Public Water Supply 11395

LT-6b Public Lighting 15632

LT-7 Temporary Supply 11988

LT TOTAL 1993236

HT-1 Water Supply 62

HT-2a Industrial 623

HT-2b Commercial 521

HT-2c Hospitals and Educational Institutions 202

HT-3 Lift Irrigation 16

HT-4 Residential Apartments 46

HT-5 Temporary Supply 20

HT TOTAL 1490

LT + HT TOTAL 1994726


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5. Review of Balance Sheet and Statement of Profit and Loss for the year ending 31.03.2014 with the

previous Year ending 31.03.2013 is as detailed below:

Increase (+)/

Decrease (-)

I Sources of funds

A Share Capital 21607.02 19107.02 2500.00

B Reserves & Surplus 16202.88 12751.21 3451.67

C Share holders' fund 37809.90 31858.23 5951.67

D Share Deposit (pending allotment) 1400.00 0.00 1400.00

II Non Current Liabilities

A Long Term borrowings 33189.88 31035.43 2154.45

B Other long term liabilities 174587.78 140574.99 34012.79

C Long term provisions 3058.62 2696.00 362.62

Sub-total 210836.28 174306.42 36529.86

III Current liabilities

A Short term borrowings 21339.47 6871.01 14468.46

B Trade Payables 19731.78 37138.02 -17406.24

C Other Current liabilities 31198.01 25535.71 5662.30

D Short-term provisions 509.46 463.96 45.50

Sub-Total 72778.72 70008.70 2770.02

TOTAL EQUITY & LIABILITIES 322824.90 276173.35 46651.55

II Assets

1 Non-Current assets

A Fixed Assets

(i) Tangible Assets 81304.16 75214.81 6089.35

(ii) Intangible assets 0.00 0.00 0.00

(iii) Capital work in progress 9438.93 5338.61 4100.32

(iv) Intangible assets under development 272.11 230.06 42.05

B Non-Current investments 251.00 251.00 0.00

C Deferred tax assets (net) 0.00 0.00 0.00

D Long term loans and advances 7009.08 5046.65 1962.43

E Other non-current assets 106009.16 84628.92 21380.24

F Deferred Costs 0.00 0.00 0.00

Sub Total 204284.44 170710.05 33574.39

2. Current assets

A Current Investments 0.00 0.00 0.00

B Inventories 6733.06 3472.35 3260.71

C Trade receivables 47605.33 41390.21 6215.12

D Cash and cash equivalents 3925.11 4687.60 -762.49

E Short-term loans and advances 3499.36 3188.81 310.55

F Other current assets 56777.60 52724.33 4053.27

Sub-Total 118540.46 105463.30 13077.16

TOTAL ASSETS 322824.90 276173.35 46651.55

Sl. No. Particulars 31.03.201331.03.2014


6

Share holders' Funds has increased by Rs. 5951.67 lakh (Net).

Amounts added are: (Rs. In lakh)

Long term borrowings : During the Year MESCOM has borrowed Rs. 10689.76 Lakh and installments repayable during 2014-15 amounting to Rs. 8533.93 Lakh has been transferred to current liabilities. Drawal of loan includes the REC loan amount accounted which was identified during reconciliation of balances between KPTCL & MESCOM amounting to Rs. 989.51 lakh, as

st approved by the Board of MESCOM in the 51 meeting held on 17.03.2014.

Other Long Term Liabilities: It is increased by Rs. 34012.79 lakh (Net). During the year the long term trade payables have increased by Rs. 29749.72 lakh because of KPC dues pertaining to previous years, Initial/ Additional Security deposits have been collected to the extent of Rs. 3778.23 lakh and MSD to the extent of Rs. 79.76 lakhs. The payable to other ESCOMs has been decreased to the extent of Rs. 94.77 lakh (net). Security deposit and retention money amounting to Rs 522.95 lakh has been collected from the Contractors. And there is decrease of Rs. 23.10 lakh in miscellaneous deposits.

Long Term Provisions: It is increased by Rs. 362.62 lakh due to additional liability created in accordance with actuarial valuation report towards Earned leave encashment and FBF.

Short Term Borrowings: There is increase in the short term borrowings to the extent of Rs. 14468.46 lakh mainly due to drawal of Short Term loan amounting to Rs. 10000.00 lakhs and paid to M/s KPCL.

Trade Payables: The trade payables is decreased by Rs. 17406.24 lakh (net) mainly due to payment to M/s KPCL.

Other Current Liabilities: It is increased by Rs. 5662.29 lakh mainly due to increase in the liability payable to Contractors, Electricity Tax and increase in the current maturities of Term Loans.

Short term Provisions: It is increased by Rs 45.50 lakh mainly due to additional liability created in accordance with actuarial valuation report towards Earned leave encashment and FBF.

Tangible Assets: Net fixed Asset is increased by Rs. 9194.14 lakh due to categorization of Capital Works during the Year. Further it is decreased by Rs. 3104.79 lakh being the assets created out of Govt. grants and consumer contribution as per AS-12. There is net increase of Rs. 6089.35 lakh.

Capital Work in progress: It is increased by Rs. 4100.32 lakh due to uncompleted works of RGGVY, Station Works etc.

Intangible Assets under construction: Increased by Rs. 42.05 lakh due to booking of expenditures made in connection with development of Energy-sync Software for the company

Long Term Loans and Advances: It is increased by Rs. 1962.43 lakh mainly due to deposits made with Jurala Power project amounting to Rs. 1400.00 Lakh. The deposits made with PF authorities is increased by Rs. 240.89 Lakh and other deposits is increased by 321.54 lakh.

Other Non- Current Assets: It is increased by Rs. 21380.24 lakh (Net). It is increased mainly due to accounting of interest receivable from other ESCOMs amounting to Rs. 20363.00 lakhs on the Energy Balancing Dues. Other Receivables is increased by Rs. 1017.24 Lakh.

Inventories: It is increased by Rs. 3260.71 lakh (Net). This includes the inventory purchased for RGGVY works in D.K and Udupi Districts amounting to Rs. 4248.40 lakh. There is decrease of Rs. 987.69 lakh in other inventories.

Trade receivables: It is increased by Rs. 6215.12 Lakh mainly by non-payment of monthly dues by VPs / TPS, TMCs/ CMCs and Corporations.

Short term Loans and Advances: It is increased by Rs. 310.55 Lakh mainly due to increase in the advance made to M/s UPCL.

Other Current Assets: It is increased by Rs. 4053.27 lakh (Net). This includes the Subsidy receivable from GoK in respect of waiver of BJ/KJ arrears as on 13.05.2013 amounting to Rs. 3311.49 lakh. There is increase of Rs. 741.78 lakh in other Current Assets.

1. Reserve for Material Cost Variance : 1312.47

2. Consumers contribution & Govt. Grants towards cost of Capital Assets : 5223.82

3. Consumers contribution & Govt. Grants Reduced from Capital Assets : -3104.79

4. Equity released by State Govt. : 2500.00

5. Net Profit for the year : 20.17

Total additions to Share Holders' fund : 5951.67


7

Ratios

Particulars 31.03.2014 31.03.2013

1 Debt: Equity Ratio

a) Long Term Borrowings : Equity 1.93 : 1 2.01 : 1

b)Including Short Term Borrowings 2.92 : 1 2.37 : 1

2 Current Ratio 1.63 : 1 1.51 : 1

3 Liquid Ratio 1.54 : 1 1.46 : 1

Analysis of Statement of Profit and Loss (Rs. in lakh)

Increase/

decrease

A Income

1 Revenue from operations 195023.93 189899.66 5124.27 2.70

(Distribution of Power)

2 Other Income 25898.93 7271.84 18627.09 256.15

Total Revenue 220922.86 197171.50 23751.36 12.05

B Expenses

1 Purchase of power 166888.17 153742.87 13145.30 8.55

2 Employee Benefits Expense 22283.64 20854.88 1428.76 6.85

3 Finance Costs 18013.84 18260.04 -246.20 -1.35

4 Depreciations and 5498.01 5109.64 388.37 7.60

amortization expenses

5 Other Expenses 8219.03 5615.20 2603.83 46.37

Total Expenses 220902.69 203582.63 17320.06 8.51

C Profit before exceptional and 20.17 -6411.13 6431.30 -100.31

extraordinary items & tax (A-B)

D Exceptional Items 0.00 0.00 0.00

E Profit before extraordinary 20.17 -6411.13 6431.30 -100.31

items and tax (C-D)

F Extraordinary Items 0.00 -7006.40 7006.40

G Profit before tax (E-F) 20.17 595.27 -575.10 -96.61

H Tax Expense 47.28 172.66 -125.38 -72.61

I MAT credit entitlement -47.28 -836.83 789.55

J Profit after Tax (G-H-I) 20.17 1259.44 -1239.27 -98.40

Total Revenue has increased by 2.70% (Rs. 5124.27 Lakh) net, over the previous year. During the previous year 2012-13 the revenue is increased by accounting of Rs. 20256.00 Lakh as the "Provision for Regulatory Asset recovery/ Truing up Subsidy" being the excess Power purchase Cost incurred over the approved cost in ARR by KERC. If this is excluded the increase in revenue during FY-14 will be 14.96% (Rs.25380.27 lakh). This increase in revenue is because of increase in sale of units to the extent of 265.68 Mus and increase in the tariff.

Other Income is increased by 256.15% (Rs. 18627.09 lakh) over the previous year. This is because of accounting of interest receivable from other ESCOMs to the tune of Rs. 20363.00 lakh towards energy balancing dues. Further other income is reduced to the extent of Rs. 1735.91 lakh mainly in prior period income.

Since the arrears in respect of IP set Consumers having connected load upto 10 HP is frozen with effect from 01.08.2008, the Company has stopped charging interest on said arrears from the year 2011-12 which has an impact of Rs. 9.96 Crs in FY-14.

Power purchase cost is increased by 8.55% (Rs. 13145.30 lakh) over the previous year. The final energy balancing result is awaited from LDC as on the date of preparation of the accounts. However the Energy Balancing Result arrived at joint reconciliation meeting held among the ESCOMs has been incorporated in the accounts. During the year, Company is payable to other ESCOMs to the tune of Rs. 2882.00 lakh.

Sl. No. Particulars 31.03.201331.03.2014 Variance

in (%)

Sl. No.


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Employee cost has increased by 6.85% (Rs. 1428.76 lakh) over the previous year on account of increase in salaries, wages and increase in the rate of pension contribution payable to the Trust.

Finance Charges has decreased by 1.35% (Rs. 246.20 lakh) over the previous year on account of decrease in interest payable to KPCL for belated payments of power purchase dues. Company has accounted the interest payable to KPCL based on MESCOM's calculations ( Rs. 89.81 Crs.) M/s KPCL has demanded Rs. 121.89 Crs. towards interest and decrease is also because of reduction in the rate of interest payable to Consumer's Deposits from 9.50% (FY-13) to 8.50% (FY-14).

Depreciation and amortization expenses have increased by 7.60% (Rs. 388.37 lakh) over the previous year.

Other expenses have increased by 46.37% (Rs. 2603.83 lakhs) over the previous year. This includes the REC loan amount accounted by charging to revenue expenditure which was identified during reconciliation of balances between KPTCL & MESCOM amounting to Rs. 989.51 lakh as

stapproved by the Board of MESCOM in the 51 meeting held on 17.03.2014. The R&M expenses have increased by Rs. 498.92 lakh and A&G expenses have increased by Rs. 1015.92 lakh due to increase in vehicle running expenses and remuneration paid for Contract agencies for the services obtained.

Profit before Tax has decreased by 96.61% (Rs. -575.10 lakh) over the previous year.

The Current tax works out at Rs. 47.28 lakh, against the profit of Rs. 20.17 lakh on MAT basis.

MAT Credit Entitlement: Company has accounted the MAT credit entitlement to the tune of Rs. 47.28 lakh.

Profit after Tax has decreased by 98.40% (Rs. -1239.27 lakh) over the previous year.

6. Dividend stThe Board has not proposed any dividend for the financial year ended 31 March, 2014.

7. Source of funds & Borrowings

a) The source of funds of the Company stands at Rs. 378.10 Crs. at the end of the Financial Year comprising of Equity Share Capital A/c of Rs.216.07 Crs., and Reserves & Surplus of Rs. 162.03 Crs.

b) The total long term borrowing of the Company amounts to Rs. 331.90 Crs. and the security deposits from consumers amounts to Rs. 380.60 Crs.

8. Power purchase

During the year 2013-14, the power purchase is 4808.08 MU at a total cost of Rs. 1668.88 Crs. Total energy available for sale is 4584.63 Mus. Total sales during the year were 4037.56 MU. Remaining 547.07 MU was attributable to system loss.

9. Power purchase details

1) MESCOM is purchasing power from generators as per GoK order No. EN 131 PSR 2003 dated 10.05.2005 w.e.f 10.06.2005. The power is procured from the following sources during FY 14.

a) Central Generating Stations like NTPC, NLC & NPCIL.

b) State owned generating stations of KPCL – Hydel & Thermal.

c) Major Independent Power Producer - Udupi Power Company Ltd.,

d) Independent power producers from non conventional sources like Wind, Solar & Mini hydel.

2) The GoK issues order allocating share to each ESCOM for payment purpose and also power allocation. The share of payment allocation to MESCOM for FY 14 as per order dated 22.03.2013 is as below:

1. KPC Hydel Jurala, TB Dam 8.53%

2. KPC Thermal & CGS 8.34%

3. Major IPPs 6.59%

4. Short term & medium term 0%

5. IPPs of NCE sources with whom MESCOM has entered into PPA 100%

Subsequently, the short term & medium term power billing allocation is given to MESCOM by GoK in its order dated 16.01.2014 at 8.014%.


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3) The source wise power purchase and cost incurred by MESCOM during FY 2013-14 is as below:

Average Cost (Rs/Unit)

KPCL 2283.17 543.30 2.38

CGS 1049.88 317.64 3.03

Major IPPs 419.90 201.20 4.79

Medium & Short term power purchase 213.38 113.52 5.32

NCE Projects

Mini Hydel 397.11 129.64 3.26

Wind Mill 321.21 114.76 3.57

Solar 4.37 3.71 0.00

Total NCE 722.69 248.11 3.43

Captive Power 2.53 0.66 2.60

UI Charges -19.77 -2.26 1.14

KPTCL Transmission Charges 182.87

PGCIL Transmission Charges 32.84

Other Expenses 2.84 2.18

Total 4674.63 1640.06 3.51

Energy Balancing 2013-14 72.77 22.42

Sub Total 4747.40 1662.48 3.50

Energy Balancing Difference 60.68 6.40

(2011-12 & 2012-13)

Net Energy/Cost 4808.08 1668.88 3.47

4) The comparison of source wise power purchase cost during FY 2012-13 & 2013-14 :

KPCL 1949.30 479.96 2.46 2283.17 543.30 2.38

CGS 980.54 275.67 2.81 1049.88 317.64 3.03

Major IPPs 508.80 210.58 4.14 419.90 201.20 4.79

Medium & Short term

power purchase 632.25 278.58 4.41 213.38 113.52 5.32

Peak Power 6.28 3.72 5.92 0.00 0.00

NCE 625.80 212.37 3.39 722.69 248.11 3.43

Captive Power 2.01 0.52 2.60 2.53 0.66 2.60

KPTCL Transmission Charges - 158.89 - - 182.87 -

PGCIL Transmission Charges - 31.03 - - 32.84 -

UI Charges & Other Expenses -10.55 -4.27 - -16.93 -0.08 -

Total 4694.42 1647.05 3.51 4674.63 1640.06 3.51

Energy Balancing adjustment -221.14 -64.79 - 72.77 22.42 -

Sub Total 4473.28 1582.26 3.54 4747.40 1662.48 3.50

Energy balancing adjustment

of previous years due to

change in quantity & rate -95.56 -44.83 - 60.68 6.40 -

Net Energy & Amount 4377.72 1537.43 3.51 4808.08 1668.88 3.47

2013-142012-13

Source Energy (MU) Amount (Crs)

Source Energy (MU)

Cost (Crs)

Average (Rs/unit)

Energy (MU)

Cost (Crs)

Average(Rs/unit)


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10. An overview of the performance of MESCOM with regard to Distribution Transformers, HT/LT lines, Electrification, Activities and Revenue Collection Efficiency is as under:

1 Total Lines & TCs added:

a. DTCs erected Nos. 3620 3395 2917 3382 2589

b. 11 KV HT lines RKms 1135.57 1208 1057.17 1264.24 953.914

c. LT lines RKms 1290.07 1676 1915.53 2673.061 1430.638

d. Reconductoring of HT Lines R.Kms 190.29 468.97 281.36 346.536 559.33

e. Reconductoring of LT Lines R.Kms 607.885 676.01 654.98 719.39 810.94

2 DTC Failures % 10.02 9.63 9.48 9.16 9.49

3 RE Works:

a. Electrification of Hamlets Nos. 24 201 293 206 183

b. Electrification of

Harijan Basthies/JCs/Tandas Nos. 13 45 67 50 79

c. Electrification of Tribal

Colonies Nos. 4 20 40 19 75

4 Servicing of:

a. Drinking Water

Supply Schemes Nos. 814 619 342 284 574

b. Ganga Kalyana Schemes Nos. 997 1310 1173 1162 1053

5 Total Energy Handled Mus 4584.63 4280.45 4154.38 3600.09 3273.83

6 Distribution loss % 11.92 11.88 12.09 11.92 12.64

7 IP set serviced

a. New IP sets Nos. 8493 6655 7459 6499 8857

b. Regularisation of

Unauthorised IP sets Nos. - 8137 13556 - -

8 BJ/KJ installations serviced Nos. 492 1023 9390 33393 4713

11. Milestones achieved during 2013-14: Several initiatives have been taken up to strengthen and stabilize the distribution system as well as the fiscal status of the Company. A bird's eye view of some of the major achievements and the innovative initiatives are as follows:

(A) Addition of new Distribution Transformers to the System: In order to improve the quality and reliability of power supply, 3620 numbers of distribution

transformers are added to the system in the identified low voltage pockets.

(B) Metering Programme: (i) The Company is marching towards 100% metering of the installations. With a perennial and

dedicated commitment, through universal metering programme, the Company has achieved 98.08% metering as at the end of FY 14.

(ii) During FY 2013-14, 33181 Nos., of DC/MNR Meters replaced and 6915 Nos., of IP Sets, 5700 Nos., of BJ/KJ installations and 649 Nos., of Street light installations have been metered.

(C) Metering of Distribution Transformer Centers: For more effective energy audit, it is contemplated to meter all Distribution Transformer Centers

with Automatic Meter Reading facility. 17,465 Nos. of DTCs have been metered as on 31.3.2014.

SlNo

Particulars Measure 2013-14 2012-13 2011-12 2010-11 2009-10


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(D) RGGVY: M/s. REC Bangalore has communicated sanction for the implementation of RGGVY works in

Dakshina Kannada & Udupi Districts. The work of implementing this project in Dakshina Kannada & Udupi Districts have been awarded on turnkey basis to M/s. L&T Ltd., Bangalore on 09-10-12 and M/s. Manipal Energy & Infratech Ltd., Manipal on 25-09-12 respectively. The work is under progress. The details of the scheme are as follows;

59.47/ 87.38/ 356 22121 31445 143 3791 3791

Dt: 15.02.12 Dt: 22.03.13

21.57/ 31.99 231 5661 10288 99 3056 3058

Dt: 23.12.11 Dt: 22.03.13

81.04 119.37 587 27782 41733 242 6847 6849

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(E) Implementation of R-APDRP Part-'A' Project:-1. In view of reducing the distribution losses across all ESCOMs, GOI has proposed

implementation of R-APDRP scheme keeping in view of towns & cities with population more than 30,000 as per 2001 census.

2. As per RFP identification No : BESCOM/ PROJECTS/R-APDRP/09-10, dated 14.10.2009, MESCOM has taken up R-APDRP Part-A project in 4 districts of MESCOM in 11 towns namely Mangalore, Puttur, Bantwal, Udupi, Shimoga, Bhadravathi, Sagar, Shikaripura, Chikmagalur, Kadur & Tarikere

3. The work of implementing IT is awarded to M/s. Infosys Ltd., Bangalore on 19.12.09 at an award cost of Rs. 24.89 Crs.

4. M/s. Reliance Infrastructure, Mumbai has been awarded as IT consultant for R-APDRP works.

5. Implementation of 17 Modules of R-APDRP part-A project is under progress. 6. MBC has gone live in all 11 R-APDRP towns and full stack process is under progress in

4 towns.R-APDRP Part-'B' Project work is not taken up in MESCOM since AT & C losses is well within the permissible limit (<15%)

(F) New 33/11 KV Sub-stations: Establishing 1x5 MVA, 33/11 kV Sub-station at Gangolli and Construction of connected 33 kV

line in Kundapur Division. Establishing 2x5 MVA, 33/11 kV Sub-station at CAMPCO in Kemminje Village by

Strengthening the existing 33KV SC line for a distance of 1.00 km from the existing 33 KV Puttur-Sullia line feeding from 110 KV Puttur MUSS in Puttur Division.

Establishing 2x5 MVA, 33/11 kV Sub-station at Malpe and Construction of connected 33kV line in Udupi Division.

Establishing 1x5 MVA, 33/11 KV sub Station at Subramanya in Sullia Taluk, Dakshina Kannada District & providing insulated Covered Conductor in place of existing bare 3 phases 3 Wire 11kV line from Kadaba 33/11kV station to proposed Subramanya 33/11kV Sub-station in Puttur Division.

Providing 1x5 MVA, 33/11 kV Power Transformer at the existing Kakkinje switching Station in Bantwal Division.

Augmentation of existing 1x5 MVA, 33/11 kV Sub-station at Kukipady in Bantwal Division.

DakshinaKannada

Udupi

Total

1

2


12

12. New Initiatives

Decentralized Distribution Generation (DDG):

REC vide letter No: REC/BLR/DDG/13-14/920 dated: 13-01-14 has communicated sanction for

electrification of 98 Hamlets & 3 villages having 1453 rural households in 42 villages of 4

Districts viz. Dakshina Kannada, Chikkamagalur, Udupi & Shimoga of MESCOM through

“DDG under RGGVY” for a cost Rs. 8.68 Crores against DPR cost of Rs. 71.07 Crores.

As the sanctioned cost is very much lesser than the DPR cost and as per the directions of REC,

preparation of revised DPRs as per actual is under progress.

RGGVY XII th plan:

1. In MESCOM it is proposed to take up RGGVY XII plan in Shimoga & Chikmagalur Districts

with the following objectives: Electrification of left out villages, un-electrified habitations and intensification of partially

electrified habitations of population 100 and above which are not covered under RGGVY

X and XI plans. Electrification of all households (incl. BPL households) in the above villages/habitations. Electrification of remaining BPL households (only BPL subsidy) in the villages and

habitations already covered in the RGGVY X and XI plan.

2. Further, M/s REC PDCL has been entrusted the work of conducting survey, preparation &

submission of DPRs under RGGVY XII plan in MESCOM. At present, the work of survey &

preparation of DPRs is under progress.

Nirantara Jyothi Status:th “In principle” approval has been obtained in 50 Board meeting to take up NJY works in

Shimoga & Chikmagalur Districts with an approximate cost of Rs. 745.00 Crores.

DPRs have been prepared for 11 sub-divisions covering 191 RLMS feeders to be converted

into 132 NJY feeders in Shimoga & Chikmagalur Districts with a cost of Rs. 226.86 Crores and

is proposed to be taken up in phase-I.

Proposed Target for Capital Investment Plan 2014-15:

Target

Electrification of Hamlets 40 Nos.

Electrification of HB/ JC/ Tandas 20 Nos.

Electrification of Tribal Colonies 10 Nos.

Energization of IP sets 3590 Nos.

Providing infrastructure to regularized unauthorized IP sets 5000Nos.

Kutir Jyothi 1500 Nos.

Service Connection 70000 Nos.

Addition of new 33 KV sub-stations and allied lines 7 Nos.36.00Km

Augmentation of 33 KV Stations. 3 Nos.

New HT Line 1200 Kms.

New LT line 1200 Kms.

Distribution Transformers 3600 Nos.

Sl. No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

Schemes


13

13. Civil Engineering Works: During 2013-14 Civil Engineering Wing has carried-out the construction of office buildings and other

infrastructure works as noted below:

Sl. No. Expenditure

during 13-14

Construction of office Building/

Stores/Guest houses and

other building and extension works

Other infrastructure works such as

compound, road, water supply,

fencing & drainage etc.,

Total 124.89 36 257.99

Spill over worksCompleted works

[Rs. In Lakhs]

For financial year 2014-15, a budget of Rs. 13.00 Crs. is allocated towards spill-over and fresh Civil

Engineering works in MESCOM.

14. New initiatives in procurement of Materials:

1. Energy Efficient 3 star labeled Distribution Transformers:- In order to comply with Energy Conservation Act-2001, Procurement of Energy Efficient

minimum 3 star labeled Distribution Transformers has been implemented. Number of such

Distribution Transformers procured during FY-2013-14 is as below:-

Capacity Quantity (Nos)

25KVA 2992

63KVA 1198

2. Following Polymeric Type Materials are being procured in order to minimize the failure rates in

case of porcelain type materials.

Only Polymeric type Lightning Arrestors are being procured in order to minimize the

distribution transformer failure rate especially in the heavy lightning prone areas.

Quantity procured during 2013-14 is 8000 Nos.

43750 Nos of 45KN Polymeric type Insulators for 11KV distribution system are procured

during 2013-14 for usage in the coastal and heavy lightning prone areas.

20000 Nos of 5KN Polymeric Type Pin Insulators for 11KV distribution system are procured

during 2013-14 for usage in coastal and heavy lightning prone areas.

15. Public Grievances Cell

a. Public Grievances Cell established in the corporate office is working under the direct control of

Managing Director is headed by Manager (PG Cell). During the year 2013-14, the Public

Grievances Cell received 406 written complaints out of which 92.60% i.e., 376 complaints were

resolved satisfactorily. The remaining 30 complaints were redressed in the current financial

year. Further 850 minor complaints relating to fuse-off call, low voltage etc were received

through Telephonic Calls and attended satisfactorily.

Particulars

62.96 13 250.43

61.93 23 7.56

1

2

Expenditureduring 13-14

Nos., of workcompleted


14

b. The category-wise complaints:

Nos. of Complaints

Electricity Supply & Distribution code-violation 72

Voltage/interruptions. 38

Bills related 18

Delay in Sanction & work 03

Accident & Compensation 18

Theft & unauthorized use of Electricity 28

Transformers Shifting etc. 61

Bribe/corruption/dishonest 17

Reduction in deposits /load reduction/repayment of deposits 02

New connection 26

Disconnections 04

Other Miscellaneous complaints. 119

Total 406

c. A comparative data of complaints are as follows;

677 590 406 Decrease of 184 complaints.

523 475 850 Increase of 375 complaints.

d. MESCOM Consumer Grievance Redressal Forum consisting of the Chief Engineer (Elecy),

MESCOM, Mangalore Zone as the Chairman, the Superintending Engineer (C&RP), and a

representative of Consumers' Forum, Udupi as the Members and the Manager (Public

Grievance) as the Co-ordinator functioned in the Corporate Office till 22.05.2013 has received 15

complaints during period and all complaints are heard and disposed off.

e. CGRFs have been re-constituted in 2013 by Karnataka Electricity Regulatory Commission. From

May 2013 onwards CGRFs are functioning at each Revenue Districts i.e., Dakshina Kannada

(Mangalore), Udupi, Chikamagalur & Shivamogga Districts under the chairmanship of

Superintendent Engineer(E), of O&M Circle of the District.

16. Personnel, Industrial relations and Human Resource Development: A) a) The Company functions through the following offices:

Category of complaintsSl. No.

1

2

3

4

5

6

7

8

9

10

11

12

No. of Complaints

No. of Written Complaints

No. of Minor Telephonic Complaints

2011-12 2012-13 2013-14 Remarks

Corporate Office

O & MZone

O&MCircles

O&MDivisions

O&MSub Divisions

AccountingSections

O&M Sections

1 1 4 12 49 14 175


15

b) Personnel Details:The working strength of the employees as on 31.03.2014 is placed category-wise as under:

Mangalore Circle

Udupi Circle

Shimoga Circle

Chikmagalore Circle

Total

S-Sanctioned, W-Working, V-Vacant

B) Training and Development Programmes during the year 2013-14

a) To inculcate the requisite work-culture and to develop the orientation and skill essential for

today's advancing technology and operating environment, sufficient and constant both external

and internal training programmes are being imparted to the rank and file employees of the

Company.

b) Also, training on basic tax laws, Labour laws, information Technology, safety, energy savings,

Financial Management, Managerial effectiveness and Customer relationship etc., have been

given to the employees for the enrichment of their knowledge and betterment of their attitudes

and behavior.

c) During the year 2013-14, the Company has organized several Internal Training Programes and

deputed the regular working staff of the Company to various external training programmes.

The details of training programmes are as follows:

External Training Programme (2013-14)

A - Grade(Regular Employees)

Cadres

A - Grade(Deputation Employees)

Total

Total

Total

B - Grade(Regular Employees)

B - Grade(Deputation Employees)

S W V S W V S W V S W V S W V

125 104 24203227 3 27 30 0 44 44 0 28 28 21

3 3 0 1 1 0 1 1 0 1 1 0 6 6 0

128 107 21 29 29 0 45 45 0 31 28 3 233 209 24

106 38 68 40 18 22 83 28 55 53 6 47 282 90 192

1 0 1 1 1 0 1 0 1 1 0 1 4 1 3

107 38 69 41 19 22 84 28 56 54 6 48 286 91 195

C - Grade(Regular Employees)

C - Grade(Deputation Employees)

841 558 283 450 316 134 675 516 159 437 341 96 2403 1731 672

8 8 0 8 7 1 8 7 1 8 8 0 32 30 2

849 566 283 458 323 135 683 523 160 445 349 96 2435 1761 674

D - Grade(Regular Employees)

Company Total

1161 514 647 605 304 301 987 541 446 699 287 412 3452 1646 1806

2245 1225 1020 1133 675 458 1799 1137 662 1229 670 559 6406 3707 2699

Total No. of External training Programmes : 78

Total Cost including programme fees (Rs.) : 1781572

No. of persons participated : 232

Cost per Head (Average) (Rs.) : 7679


16

Internal Training Programme

Total No. of Internal training Programmes : 13

Total Cost including programme fees (Rs.) : 1435777

No. of persons participated : 369

Cost per Head (Average) (Rs.) : 3891

d) Industrial Relations: The Company has maintained cordial relations with the employees and their Union. Employees' grievances if any are redressed at respective offices by conducting periodical meeting with the local office bearers of the union.

e) Employees' Welfare Schemes: As a step towards strengthening the relationship between the employees and management, several welfare schemes have been initiated by the Company.

a. MESCOM has sponsored Rs. 30 lakhs to KEBEA, Bangalore for constructing KEBEA Zonal multi purpose complex at Kavoor, Mangalore and Rs. 87 lakhs to KPTCL Employees' Union for constructing Samudaya Bhavan at Kavoor, Mangalore.

b. To promote and encourage academic excellence, cash incentive of Rs. 2,500/- (Rupees Two Thousand Five Hundred only) is being awarded to each of the meritorious children of the regular employees of the Company, who secure 90% and above marks

th ndin SSLC/10 standard and 2 PUC examination under State/ Central syllabus from the academic year 2007-08 and onwards. During the year 2013-14 this cash prize and appreciation letter has been awarded to 9 meritorious children who have passed during the academic year of 2012-13.

c. 68 Nos. of Sportsmen were awarded total cash price of Rs. 1,10,000/- for having won the State level Inter Company Sports Meet.

d. Company quarters facilities wherever available are provided to the Company employees.

17. Training Activities of HRD Centre, MESCOM for the year 2013-14. During the year 2013-14, MESCOM HRD Centre, Shivabagh, Kadri, Mangalore has organized and

completed 4 batches of Mandatory Training Programmes in total, to Employees of MESCOM and also to KPTCL employees working in MESCOM jurisdiction.

th The Training Programme under 11 batch of Mandatory Technical Training Programme-3 (MTTP-3) for the period 25.03.2013 to 17.05.2013 to Lineman/Station Attendent Grade-1 & other maintenance men to be promoted , have been given pre- promotional technical training under 40 working days programme in which 38 nos. of said category of employees have been trained .

th The Training Programme under 8 Batch of Mandatory Technical Training Programme-2 (MTTP-2) for the period 15.07.2013 to 02.09.2013 to Junior Meter Readers (Pre-Employment Training) and existing Meter Reader/ Operator/Overseer /ASK to be promoted as JE's has been given pre-promotional Training under 40 working days Programme, in which 39 numbers of said category of employees have been trained.

Similarly additional one number of training programme under MTTP-3 for the year 2013-14 is also conducted as details below:

Batch No Period No.of employees Trained

12 21.10.2013 to 12.12.2013 40


17

th The Training Programme under 4 Batch Mandatory Technical Training Programme-4 (MTTP-4) for the period 24.01.2014 to 01.03.2014 To Junior Engineers (Ele.) under Pre-Employment Training under 30 working days programme has been conducted in which 19 numbers of said category employees have been trained.

As a whole, 136 numbers of employees have been benefited under the Mandatory Technical Training Programme in MESCOM during the year 2013-14.

18. National Training Programme conducted to C&D Employees of MESCOM During the year 2012-13

REC & MESCOM have jointly Sponsored 9 batches of Training Programme under Variant-I, Variant-3, thVariant-4, Variant-5 for the year 2013-14 under 12 five year plan to the C & D employees of MESCOM

the details are as below :

Total no.of No. of Total

programmes Employees

conducted Trained

Financial Management, 11.11.2013 To 13.11.2013 2 54

Stores Accounting (3days)

& Office Administration 21.11.2013 To 23.11.2013

(3days)

Safety, Accident 03.12.2013 To 04.12.2013 2 53

Prevention and (2 days)

Disaster Management 17.12.2013 To 18.12.2013

(2 days)

Energy Metering 06.01.2014 To 08.01.2014 1 26

& Billing (3 days)

Linemen Training 20.01.2014 To 23.01.2014 4 100

(4 days)

03.02.2014 To 06.02.2014

(4 days)

17.02.2014 To 20.02.2014

(4 days)

03.03.2014 To 06.03.2014

(4 days)

Total 9 233

* Programme under Variant-1 includes one day field visit also

19. Sponsoring of Socio-Economic Projects

a. The Company has sponsored Rs. 10000/- to the Flower show organized by the Horticulture

Department in the month of Feb. 2014 at Kadri Park, Mangalore.

b. Rs. 1,00,000/- sponsored to Nethravathy – Phalguni kambla held on 08.02.2014 at Pilikula

Nisargadhama, Mangalore.

c. Rs. 2 lakh paid towards contribution to Vidyuth Mela organised by CESC from 10.10.2013 to

12.10.2013 in Mysore Dasara Utsava 2013 at Mysore.

d. Rs. 2 lakh sponsored to Mysore Dasara Mahotsava -2013.

VariantName of theProgramme

Duration

V-4

V-5

V-3

V-1 *


18

20. Electrical Accidents during the year 2013-14

The details of electrical accidents are presented as below.

Name of the GRAND

Circle/Division Fatal Non-Fatal Fatal Non-Fatal Animal TOTAL

MANGALORE CIRCLE:

Mangalore -1 0 0 5 0 0 5

Mangalore -2 0 12 4 2 3 21

Bantwal 0 0 3 0 2 5

Puttur 0 0 6 1 1 8

Circle Total 0 12 18 3 6 39

UDUPI CIRCLE:

Udupi 0 2 4 2 2 10

Kundapura 0 6 3 0 2 11

Circle Total 0 8 7 2 4 21

SHIMOGA CIRCLE:

Shimoga 0 7 4 2 17 30

Bhadravathi 1 5 2 1 6 15

Sagar 0 4 1 0 12 17

Shikaripura 0 4 5 2 12 23

Circle Total 1 20 12 5 47 85

CHIKMAGALUR CIRCLE:

Kadur 0 4 12 1 13 30

Chikmagalur 1 11 6 8 6 32

Circle Total 1 15 18 9 19 62

MESCOM Grand Total 2 55 55 19 76 207

Non-Departmental Departmental

21. Public relation and Communication Activities:

MESCOM has a separate wing for Communication activities, which is also looking after Public

Relations and Corporate protocol duties. Manager (Communication) is discharging the duties of

this section duly reporting to the Managing Director. Maintaining the relationship with the public and

media as well as representing the Company in the society are the main functions of this wing.

Arrangement for publication of Company's news and public Notifications like Tender and such other

notifications etc., are the routine activities of the section. Further, the news regarding the Power

Sector and highlights of company activities will be brought into the knowledge of the management

on daily basis.

Highlights of Public Relations and Communication activities in MESCOM during 2013-14:

a) Jana Samparka Sabhas :

It has been made mandatory that, the concerned Superintending Engineers (Ele) of O&M

Circles shall conduct consumer meets i.e., Jana Samparka Sabhas, a direct interaction

programme with the general public and consumers at sub-divisional headquarters on frequent

intervals. The programme schedules of these Jana Samparka Sabhas will be published in the

leading news papers by way of notification and also in the form of news. During the year

2013-14, totally 106 Jana Samparka Sabhas have been conducted. Under these programmes,

the problems and grievances of the consumers relating to electricity distribution have been dealt

with and solved in the presence of Company's local officers.

1

2

3

4

1

2

3

4

1

2

1

2

Sl.No


19

b) Attending VP, TP & ZP Meetings:

The concerned O&M Section Officers are regularly attending the meetings of concerned Village

Panchayats and the concerned O&M Sub-Divisional Officers are attending the meetings of

concerned Taluk Panchayat. Further, the concerned O&M Divisional Officers are attending

concerned Zilla Panchayat meetings. In these meetings, Company's concerned Officers will

discuss on various ongoing O&M works and Capital works and also redress the customers'

complaints and problems if any.

c) Consumer Education Programmes :

During the year several Consumer Education Programmes have been organized by the

Company so as to give information and guidance on electricity usage and supply.

The month of January 2014 has been named as Vidyuth Surakshatha Masa. As per the kind

directions of the Government, several safety awareness programmes have been organized and

conducted in the company. Special interaction programme with the Primary / High school

students have been organized in every O&M section office levels in the jurisdiction of the

company wherein, the concerned sub-divisional/section officers have addressed the students

and created awareness regarding safety in electricity usages. Pictorial presentation and

informative hand bills with attractive cartoons have been issued to the students to create safety

awareness.

d) Publicity:

To educate the consumers regarding the usage of electricity devices and to follow safety

measures, wide publicity has been given through newspapers, magazines, souvenirs etc.

During the month of January 2014, in the occasion of Safety Awareness Month celebration,

Safety awareness advertisements have been published in FM Radio Channels, Aakashavani

centers and also through T.V. channels.

e) Publication of Contact Numbers :

The contact numbers of '24 Hours Service Stations', Section Officers, Sub-Divisional Officers

and Divisional Officers have been published in the leading newspapers so that the consumers

can contact for their any problems in the electricity distribution systems and such other

problems including problems during monsoon season.

f) Internal Magazine :

The Company's internal magazine “MESCOM KIRANA” is being published quarterly in which

various reports on different programmes, sports activities; training and HR activities of the

company are published in the magazine. The magazine has been a flat form to reveal the talents

of employees in writing poems, articles and to share their collections etc. The magazine is being

published continuously and circulated among Company's various offices so as to reach the

readers. Copies of the magazine are submitted to all Directors, KERC Authorities, Energy

Department, Finance Department, D.C. Office, Kannada Development Authority, and such other

offices. During the year the Chairman Kannada Development Authority of GOK has sent a letter

of appreciation for the publication of this magazine.

22. Consumer Friendly Measures24 Hours Consumer Service Centers have been opened in major city and town places. Soujanya counters are working at Sub Divisional level to redress the public grievances.Action being initiated to constitute Consumer Grievance Redressal Forum at District levelImplementation of Geographical Information System to improve quality of power supply.Computerization of all revenue sections and implementation of information technology in

day to day activity.Electronic clearing system has been introduced for payment of Electricity bills.


20

45 Nos of ATP machine have been installed in Sub Divisional and Prime locations, they are

working satisfactorily.Action being initiated to collect the Consumer Electricity bills through Post Offices.

23. Internal Audit in MESCOM The Internal Audit Wing of MESCOM is headed by Controller (Internal Audit), functioning

independently and reporting directly to the Managing Director of the Company. The Revenue Audit,

Voucher Audit, Cash Audit, Store Audit, audit of Power Purchase Bills and day to day pre and post

audit are the regular function of Internal Audit. Also on need basis special inspections are

independently carried out by the Internal Audit Officers and Staff of the Company. The LOIs, Work

Awards and Purchase Orders placed at Divisional, Circle, Zonal level and Corporate office level are

being verified by the Internal Audit in the respective offices.

The Revenue Ledgers maintained in the Sub-Divisions and Accounting Section are audited as per

Action Plan by concerned Divisional Assistant Accounts Officer (IA) and Senior Assistants (IA).

Depending upon the requirement and availability the services of Rtd. Senior Assistants are also

utilized on contract basis during the period to audit the Revenue Ledgers of LT-2 & LT-3 Tariff

Category. Further, the services of B.Com Graduates who have knowledge in auditing have been

obtained on contract basis in Mangalore, Puttur, Bantwal, Kundapura, Bhadravathi, Sagar and

Chikmagalur Divisions. They are utilized during the period to audit the Revenue Ledgers of Power

Installations, LT-2 & LT-3 Tariff category. Audit functions are being continuously carried out as per approved Action Plan. The overall

performance of Internal Audit is being reported to the Managing Director on the basis of information

obtained from the Accounts Officers of Internal Audit every month. The meetings of the Accounts

Officers of Internal Audit are being held at every quarter in which the progress is reviewed and action

plan of audit will be monitored periodically so as to have effective control in audit programme and

also to have efficiency in auditing.

24. Vigilance Activities in MESCOM 1. As per the Electricity Act 2003, vigilance police stations are formed in MESCOM. The

Superintendent of Police is the head of the vigilance wing, who is technically assisted by

Executive Engineer (Elect.) in the head quarters.

2. The Deputy Superintendent of Police is supervising all the four vigilance Police Stations.

3. Assistant Executive Engineers (Ele.)/Police Inspectors are working in each District and are

assisted by Sub Inspectors/Head Constables/Police Constables.

4. Under section 126 and 135 of Electricity Act 2003, non cognizable and cognizable cases are

booked in MESCOM vigilance police stations.

5. Cases booked under section 135 are admitted only in special courts.

6. Statement showing the progress of vigilance activities for the year 2013-14 is furnished below.

1 Mangalore 4232 203 38 241 4.42 315.78 10.53 2.57 328.88 49.20 9.71 2.01 60.92

2 Shimoga 3702 427 52 479 0.48 86.59 11.03 6.65 104.27 45.60 8.76 2.08 56.44

3 C.magalur 3696 273 55 328 1.25 73.42 16.07 6.46 95.95 20.47 6.39 4.44 31.31

4 Udupi 4546 265 6 271 0.03 35.72 2.32 0.76 38.79 25.03 2.32 0.76 28.11

TOTAL 16176 1168 151 1319 6.18 511.51 39.94 16.44 567.89 140.30 27.19 9.29 176.78

Sl.N

o.

Nam

e of

the

Polic

e st

atio

n

No.

of

inst

alla

tions

che

cked

No. of cases

booked

Vio

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n ca

ses

Cog

. Cas

es

Tota

l Cas

es

Tota

l uni

ts p

ilfer

ed in

MU

Vio

latio

n ca

ses

Am

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in L

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.

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case

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mou

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Lak

hs.

Demand

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(A

mou

nt in

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Tota

l am

ount

Recovery

Vio

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ses

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in L

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Lak

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A

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21

25. Implementation of Right to Information Act 2005 in MESCOM

1. The Details of PIO's, APIO's and respective Appellate Authorities have been notified and updated

in MESCOM website www.mesco.in under the caption Right to Information Act in home page

and the details are also made available to the general public in the respective offices.

2. During 2013-14, 2214 Nos. of Applications including 22 Applications from BPL citizens have

been received seeking information under RTI Act 2005 across the Company, for which

Rs. 17390/- has been collected towards the Application fee and charges for furnishing

informations. During the year, 2121 requests for information were attended within the time limit

and 61 requests were disposed off after the time limit. Further during 2013-14, 19 Nos. of Appeals

were received. 17 Nos. of appeals have been disposed off within time and remaining 2 Appeals

have been disposed off after the time limit.

26. Particulars as per Companies (particulars of employees) Rules, 1975 and as amended:

None of the employees of the Company was in receipt of remuneration amounting to Rs. 24,00,000/-

and above per annum or at the rate of Rs. 2,00,000/- and above per month during the financial year

under review.

27. Appointment of Cost Auditors:

thThe Ministry of Corporate Affairs, GoI vide No.52/62/CAB-2008 dated 4 Feb.2008 has directed the

Cost Audit for the audit of cost accounts maintained by the Company in respect of the financial year

ending 31.03.2008 and for every financial year thereafter continuously to be conducted by an

Auditor with qualifications prescribed in section 233B (1) of the Companies Act, 1956. Accordingly,

M/s. Rao Murthy & Associates, Cost Accountants, No.23/33, Serveyor's Street, Basavanagudi,

Bangalore- 560004 have been appointed as the Cost Auditors of the Company for the FY 2007-08

and onwards.

The details of Cost Audit Reports filed with GoI are as under:

Financial Year Due date to Submit Report Date of Submission of Report

2007-08 30.09.2008 30.09.2008

2008-09 30.09.2009 08.12.2009

2009-10 30.09.2010 29.09.2010

2010-11 30.09.2011 04.11.2011

2011-12 30.09.2012 10.01.2013

2012-13 30.09.2013 26.12.2013.

28. Board of Directors (A)

Sl. No. Shriyuths/Smt., Particulars

G. Kumar Naik IAS Chairman from 01.08.2013

Chikkananjappa Managing Director from 30.06.2014

M. Govindappa Managing Director from 26.08.2013 to 30.06.2014

Sri. N. Lakshman Director (Tech) from 03.08.2013

Dr. Aditi Raja Director from 24.09.08

A.B Ibrahim IAS Director from 17.02.2014

N. Prakash IAS Director from 17.12.2012 to 17.02.2014

K.L Ramachandra Director from 04.12.2013

M.S. Shivaram Director from 09.04.2013

D. Basavaraju Director from 29.12.2011 to 31.12.2013

V. Venkatashiva Reddy Director from 21.10.2011

M. Nagaraj Director from 17.12.2008

1

2

3

4

5

6

7

8

9

10

11

12

The Board places on record its sincere appreciation and gratitude of the services rendered by the outgoing Directors.


22

(B) Meetings of the Board and Board Sub-Committees

i) Board meetings

48th Meeting on 20.07.2013 4

49th Meeting on 25.09.2013

50th Meeting on 26.12.2013

51st Meeting on 17.03.2014

ii) Purchase Committee 3

49th Meeting 08.07.2013

50th Meeting 21.09.2013

51st Meeting 10.12.2013

iii) Audit Committee 2

16th Meeting 29.08.2013

17th Meeting 17.03.2014

(C) General Meetings: The Eleventh Annual General Meeting of the Company was held at the Registered Office of the

thCompany on 26 December 2013 for consideration and adoption of accounts.

29. Directors' Responsibility Statement: Pursuant to Section 217(2) (AA) of the Companies Act, 1956, the Directors wish to state that to the

best of their knowledge: i. in the preparation of the annual accounts, the applicable accounting standards have been

followed along with proper explanation relating to material departures; ii. accounting policies have been selected and applied consistently and made judgments and

estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs

of the company at the end of the financial year and of the profit or loss of the company for that

period;iii. proper and sufficient care has been taken for the maintenance of adequate accounting records

in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the

company and for preventing and detecting fraud and other irregularities; iv. Annual Accounts have been prepared for the Financial Year ended March 31, 2014 on a going

concern basis.

30. General: The Board would like to place on record its appreciation of: The Government of Karnataka, the Government of India, Central Electricity Authority,

Comptroller & Auditor General of India, Central Electricity Regulatory Commission, Karnataka

Electricity Regulatory Commission, Karnataka Power Transmission Corporation Ltd.,

Karnataka Power Corporation Ltd., & Power Company of Karnataka Ltd., for their assistance,

guidance and co-operation. Financing agencies, such as Rural Electrification Corporation, Power Finance Corporation,

Syndicate Bank, State Bank of Mysore, Canara Bank, Corporation Bank, Vijaya Bank, State

Bank of India, Punjab & Sindh Bank, UCO Bank, Indian Bank, Axis Bank and Karnataka Bank for

their financial support. The media for publicity and creating awareness among the public. The statutory auditors and Cost Auditors for their guidance and support. All the agencies associated with the computerisation of billing. The Employees, Employees' Union and other Associations of employees for their co-operation

and collective participation. The suppliers, contractors and consultants for their co-operation.

Place : Mangalore Date : 22-09-2014

Sd/-(G. Kumar Naik)

Chairman


23

Addendum to Directors' Report

Replies offered on the observations / comments of the Statutory Auditors on the accounts of the Company for the year 2013-14 are as follows:

I) The Company follows accounting policies and

procedures as laid down in Electricity (Supply)

Annual Accounts Rules, 1985 (hereinafter

referred to as ESAAR), which is at variance with

the requirements of the Accounting Standards

referred to in sub-section (3C) of section 211 of

the Companies Act, 1956. The Company has

informed us that ESAAR, 1985 is a Statutory

Regulation and in the event of a variance in

accounting treatment as specified under

ESAAR, 1985 and the Accounting Standards,

the provisions of ESAAR prevails. Accordingly

the Company has accounted for the same as per

ESAAR, 1985. Therefore, the Company has not

complied with the following Accounting

Standards:

1. Accounting Standard-2: The Company has

valued its inventories at Standard Rate and

not at cost or net realizable value whichever is

lower.

2. A c c o u n t i n g S t a n d a r d - 9 : A s u m o f

Rs. 203.63 Crores is recognised in the

accounts as interest income by creating

provisions on Energy Balance dues from

other ESCOM's without any enforceable right

or mandate from KERC. Refer Para I (i) of

significant accounting policies and 28.4.1 (a)

of notes on accounts.

Statutory Auditor's Observation

In accordance with the section 616(c) of the

Companies Act 1956, read with section 185 2(d)

of the Electricity Act 2003, MESCOM is following

the Annual Accounts Rules framed under

section 69 of Electricity Supply Act 1948,

wherever there is inconsistency between

Companies Act 1956 & ESAAR 1985. Further, the

provisions of Electricity Act 2003 read with rules

made thereunder prevail wherever the same are

inconsistent with the provisions of the

Companies Act 1956 in terms of section 174 of

the Electricity Act 2003. As the Accounting

Standards are not sector specific and relying

upon scope of the Accounting Standards 4.2

which reads “The Accounting Standards by their

very nature cannot and do not override the local

regulations which govern the preparation and

presentation of Financial statements in the

country”.

AS-2 states that standard cost may be used for

convenience, if the result approximates the

actual cost. Also standard rates are regularly

revised in the light of changing conditions, which

are approximate to the actual cost. Hence the

Company i s f o l l ow ing s tanda rd cos t

consistently, where the difference is negligible.

Treatment of material cost variance has been

stated under para No. I(g) to significant

accounting policies for the period ended

31.03.2014.

Energy Balancing dues are nothing but the

Power purchase dues which are being ultimately

accounted as receivables/ payables by the

ESCOMs to present the true and fair view of the

Power purchase cost in the financial statements

of respective year, as per the guidelines issued

by the Government. The net of power purchase

cost (i.e. after deducting energy balancing

portion of energy) is being allowed to MESCOM

in determination of Tariff by Hon'ble KERC.

MESCOM's Replies


24

Statutory Auditor's Observation MESCOM's Replies

3. Accounting Standard-10: Items of fixed

assets retired from active use are stated at

their book value or standard rate depending

on their reusability. The value is not tested in

comparison to net realizable value. Such

assets are disclosed as a part of current

assets. Also, value of materials used for

capital works are stated at standard costs.

This accounting policy is not in accordance

with the Accounting Standard.

4. Accounting Standard-22: The company has

not accounted deferred tax assets / liabilities

as required by Accounting Standard-22.

II) The Company has an internal audit system.

However, considering the size of the Company

and volume of its business, we are of the opinion

that the present system requires to be

strengthened and audit department needs to be

adequately staffed. The audit system needs to

cover technical audit, materials, inventory,

stores and compliance and adherence to

various provisions of Tax Laws and Labour Laws

in particular.

Therefore this portion of energy balancing cost

is not factored on our KERC filing as cost. In

other words, this is factored in respective

ESCOM's power purchase cost for allowing the

cost item in KERC tariff filing. These power

purchase dues are not paid by ESCOMs for long

time inspite of repeated requests of MESCOM.

Since the time factor for realisation of dues is

also having impact on the financial health of the

Company, MESCOM Board has taken a decision

to charge interest on these arrears in the meeting

held on 19.07.2014. The Government of

Karnataka has also issued directions in the same

lines vide letter No: EN 24 PSR 2014 Dated

12.08.2014.

There is no violation of AS-10 in view of the

provisions of section 616(c) of the Company's

Act 1956.

AS-22: The Company has not recognized

Deferred Tax Asset / Deferred Tax Liabilities so far

since there is no such requirement under

ESAAR, 1985. However action will be taken to

comply with this Accounting Standard in the

ensuing accounting year.

Company has an Internal Audit Wing headed by

AO rank working in each accounting division to

verify and report any shortcoming regarding

cash, revenue, work accounts, cost register,

material audit, inventory and stock records.

Further, at Company's Corporate Office,

Controller (Internal Audit) is monitoring and

supervising the work of Internal Audit Wing of

each Division and rendering periodical reports to

management regarding any shortcomings

observed. Company has an 'in-built' system of

internal control for each activity.


25

Statutory Auditor's Observation MESCOM's Replies

III) The Balances of Sundry Debtors, Sundry

Creditors, Loans and Advances, Other

Receivables and other debit / credit balances

including that of other ESCOM's and KPTCL are

subject to confirmations and reconciliations.

The effect of the adjustment arising from

reconciliation and settlement of old dues and

possible loss which may arise on account of non

recovery or partial recovery of such dues is not

ascertained. Thus we are unable to comment

upon the impact thereof on the accounts and

profit for the period.

IV) The Control account balances as reflected by

the General Ledger at Divisions and Subsidiary

Registers at Sub-Divisions in the matter of

Consumer Security Deposits and Meter Security

Deposits are not fully reconciled.

As disclosed under note 39 & 40, the balances in

respect of Sundry Debtors, Sundry Creditors,

Loans and Advances to Suppliers and other

borrowings are subject to confirmation.

However the energy balancing dues among the

ESCOMs as on 31.03.2013 are reconciled

during the year 2012-13. The reconciliation of

other balances with KPTCL and ESCOMs is

under process for which due action is taken from

MESCOM side by intimating the details for the

balance and also intimated about the deemed

confirmation.

During the balance sheet restructuring plan III, a

portion of meter security deposit was capitalized

as per the direction of the Govt. Though the

amount was capitalized, the amount is still

outstanding in the consumers' ledger account.

But the meter security deposit as per accounts

was reduced to that extent in the accounts of the

Company, leading to difference between the

balance as per consumers' ledger account

maintained at Sub-Divisions and as per

accounts of the Division Offices. Further, the

deposit registers are being maintained at Sub-

divisional / Section levels and the accounts are

maintained at divisional levels. The Company

has made efforts to reconcile the balances

between the deposit registers and accounts

during the financial year. Since the task is

voluminous, efforts are being made to complete

the same.

Sd/-(G. Kumar Naik)

Chairman

Place : MangaloreDate : 22.09.2014


26

INDEPENDENT AUDITOR'S REPORT

To the Members of Mangalore Electricity Supply Company Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Mangalore Electricity Supply Company

Limited (“the Company”), which comprise the Balance Sheet as at March 31,2014, and the Statement of

Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant

accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's management is responsible for the preparation of these financial statements that give a

true and fair view of the financial position, financial performance and cash flows of the Company in

accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the

Companies Act, 1956 (“the Act”) and in accordance with the accounting principles generally accepted in

India. This responsibility includes the design, implementation and maintenance of internal control

relevant to the preparation and presentation of the financial statements that give a true and fair view and

are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered

Accountants of India. Those Standards require that we comply with ethical requirements and plan and

perform the audit to obtain reasonable assurance about whether the financial statements are free from

material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial statements. The procedures selected depend on the auditor's judgment, including the

assessment of the risks of material misstatement of the financial statements, whether due to fraud or

error. In making those risk assessments, the auditor considers internal control relevant to the Company's

preparation and fair presentation of the financial statements in order to design audit procedures that are

appropriate in the circumstances but not for the purpose of expressing opinion on the effectiveness of the

Company's internal control. An audit also includes evaluating the appropriateness of accounting policies

used and the reasonableness of the accounting estimates made by management, as well as evaluating

the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our audit opinion.

Basis for qualified opinion

The company follows accounting policies and procedures as laid down in Electricity (Supply) Annual

Accounts Rules, 1985 (hereinafter referred to as ESAAR), which is at variance with the requirements of the

Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956. The

Company has informed us that ESAAR, 1985 is a Statutory Regulation and in the event of a variance in

accounting treatment as specified under ESAAR, 1985 and the Accounting Standards, the provisions of


27

ESAAR prevails. Accordingly the Company has accounted for the same as per ESAAR, 1985. Therefore,

the Company has not complied with the following Accounting Standards:

1. Accounting Standard – 2: The Company has valued its inventories at Standard Rate and not at

cost or net realizable value whichever is lower.

2. Accounting Standard – 9: A sum of Rs.203.63 Crores is recognised in the accounts as interest

income by creating provisions on Energy Balance dues from other ESCOM's without any

enforceable right or mandate from KERC. Refer Para I(i) of significant accounting policies and

28.4.1 (a) of notes on accounts.

3. Accounting Standard – 10: Items of fixed assets retired from active use are stated at their book

value or standard rate depending on their re-usability. The value is not tested in comparison to

net realizable value. Such assets are disclosed as part of current assets. Also, value of

materials used for capital works are stated at standard costs. This accounting policy is not in

accordance with the Accounting Standard.

4. Accounting Standard – 22: The Company has not accounted deferred tax assets / liabilities as

required by Accounting Standard - 22.

The effect of the above on the financial statements is not ascertainable.

Further to the above,

i) The Company has an internal audit system. However, considering the size of the Company

and volume of its business, we are of the opinion that the present system requires to be

strengthened and audit department needs to be adequately staffed. The audit system needs

to cover technical audit, materials, inventory, stores and compliance and adherence to

various provisions of Tax Laws and Labour Laws in particular.

ii) The Balance of Sundry Debtors, Sundry Creditors, Loans and Advances, Other Receivables

and other debit / credit balances including that of other ESCOM's and KPTCL are subject to

confirmations and reconciliations. The effect of the adjustment arising from reconciliation

and settlement of old dues and possible loss which may arise on account of non recovery or

partial recovery of such dues is not ascertained. Thus we are unable to comment upon the

impact there of on the accounts and profit for the period.

iii) The Control account balances as reflected by the General Ledger at Divisions and Subsidiary

Registers at sub-divisions in the matter of Consumer Security Deposits and Meter Security

Deposits are not fully reconciled.

Accordingly, the company had prepared its balance sheet as at 31.03.2014 and the

statement of Profit and loss for the year ended as on that date together with cash flow

statement which was approved by the board of directors of the company on 19.07.2014 and

was forwarded to us for our report thereon and we had issued our report on the following day.

There after, the accounts of the company have been reviewed by Comptroller and Auditor

General of India and have been revised in the light of observation made by them. The said

revision has resulted in decrease in net profits by Rs. 5.22 Crs. The Reserves and Surplus has

decreased by Rs. 5.22 Crs; Other long term Liabilities increased by Rs. 5.17 Crs; Trade

payables increased by Rs. 0.19 Crs; Other Current liabilities increased by Rs. 0.30 Crs;

Tangible Assets increased by Rs. 0.48 Crs; Capital work in Progress decreased by

Rs. 0.13 Crs; Trade receivables increased by Rs. 0.09 Crs. As a result the total Assets and

Liabilities have been increased by Rs. 0.44 Crs.


28

Opinion

In our opinion and to the best of our information and according to the explanations given to us,except for

the effects of the matter described in the Basis for Qualified Opinion paragraph,the financial statements

give the information required by the Act in the manner so required and give a true and fair view in

conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

(b) In the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and

(c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2003 (“the Order”) issued by the Central

Government of India in terms of sub-section (4A)of section 227 of the Act, we give in the Annexure a

statement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(3) of the Act, we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and

belief were necessary for the purpose of our audit;

b) in our opinion proper books of account as required by law have been kept by the Company so far

as appears from our examination of those books [and proper returns adequate for the purposes

of our audit have been received from branches not visited by us];

c) the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this

Report are in agreement with the books of account [and with the returns received from branches

not visited by us];

d) Except for the effects of the matter described in the Basis for Qualified Opinion paragraph, in our

opinion, the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement comply with

the accounting standards referred to in sub-section (3C) of section 211 of the Act;

e) as per Notification No. : GSR 829(E) dated 21.10.2003, Government Companies are exempted

from the provisions of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

Place : Mangalore

Dated: 12.09.2014

For M/S Rodrigues & D'Souza

Chartered Accountants

( Firm Registration No. 003284S)

Sd/-

(CA Edmond D'Souza)

Partner

M . No 015097


29

ANNEXURE TO AUDITORS' REPORT

The Annexure referred to in paragraph 1 of our report of even date to the members of Mangalore

Electricity Company Limited (“the Company”) for the year ended 31 March 2014. We report that:

I a) The Fixed Asset Register maintained by the Company does not show full particulars such as asset

identification number and its situation.

b) In the absence of adequate report on physical verification of Fixed Assets, we are unable to

comment about the reasonableness of intervals at which Fixed Assets have been verified and

accounting of discrepancies noticed thereon if any.

c) According to the information and explanations given to us, the Company has not disposed off a

substantial part of its fixed assets during the year.

ii) a) As informed and explained to us physical verification of inventory has been conducted at

reasonable intervals by the management.

b) In our opinion, the procedures of physical verification of inventory followed by the management

are reasonable and adequate in relation to the size of the Company and nature of its business.

c) In our opinion and as explained and informed to us, the Company is maintaining proper records of

inventory. Material discrepancies noticed on physical verification have been properly dealt with

in the books of account.

iii) According to the information and explanation given to us, the company has neither granted nor taken

any loan from Companies, firms or other parties covered in the register maintained U/s 301 of the

Companies Act, 1956.

iv) In our opinion and according to the information and explanations given to us, there is an adequate

internal control system commensurate with the size of the Company and the nature of its business

with regard to the purchase of inventory and fixed assets and for the sale of electricity. According to

the information and explanations given to us, the purchase price and sale of electricity is regulated by

Karnataka Electricity Regulatory Commission. The Company arranges payment to the power

suppliers based on the notional share basis fixed and notified by Govt. of Karnataka from time to

time.

v) As informed and explained to us the Company has not entered into any transactions that needs to be

entered into the register in pursuance of section 301 of the Act.

vi) In our opinion and according to the information and explanations given to us, the Company has not

accepted any deposits from the public within the meaning of section 58A of the Companies Act, 1956

and the rules framed thereunder. Therefore the provisions of clause (vi) of paragraph 4 of the

aforesaid order are not applicable to the Company for the financial year under report.

vii) In our opinion, the company does not have an Internal Audit System commensurate with the size and

nature of its business. Internal Audit system needs to be strengthened in terms of adequate staffing

and area of coverage as mentioned in Para 4(i) of our Audit Report.

viii) We have broadly reviewed the books of account maintained by the company pursuant to the rules

made by the Central Government for maintenance of cost records U/s 209(1)(d) of the Companies

Act, 1956 in respect of distribution of electricity and are of the opinion that prima facie, the prescribed

accounts and records have been maintained. We have not, however, made a detailed examination

of the said records.

ix) a) According to the books and records as produced before us and examined by us, in accordance

with generally accepted auditing practices in India and also based on Management


30

representations, undisputed statutory dues have been regularly deposited by the Company

during the year with appropriate authorities. According to the information and explanations given

to us, there were no undisputed amounts payable in respect of provident fund, employee state

insurance, income tax, sales tax, wealth tax, service tax, custom duty, excise duty, cess and other

statutory dues outstanding as at March 31, 2014 for a period of more than six months from the

date they became payable.

b) According to the information and explanations given to us and the records examined by us, the

particulars of EPF dues which has not been deposited on account of a dispute pending are as

EPF Act EPF of contract 4,44,06,265/- Rs. 1,77,63,000/- 2006-07 Case remanded

employees - error back to PF Office,

in calculation of Mangalore

demand

EPF Act Interest and Interest = Rs 64,36,970.00 6/2002 to Appeal filed before

damages claimed 64,36,970.00 paid on 04/2010 the employees

by the PF Damages = 06.03.2013 & Provident Fund

department for 83,43,738.00 Rs. 83,43,738.00 Appellate Tribunal

delayed payment Paid on New Delhi

of PF at Puttur 12.06.2013

division

EPF Act Interest and Interest = 30.01.2014 04/1996 to Appeal filed before

damagesclaimed 65,40,760 12/2013 the employees

by the Damages = Provident Fund

PF department for 74,99,653 Appellate Tribunal

delayed payment of New Delhi

PF at Chikmanglur

division

EPF Act Interest and Interest = 12.02.2014 08/2006 to Appeal filed before

damages claimed 5,99,890.00 09/2013 the employees

by the Damages = Provident Fund

PF department for 11,05,063.00 Appellate Tribunal

delayed payment of New Delhi

PF at Kadur division

EPF Act Interest and Interest = Rs. 83,25,618/- 7/2002 to Action taken for

damages claimed 83,25,618/- paid on 02/2008 filing appeal before

by the Damages = 12.05.2014 the employees

PF department for 1,06,95,493/- Provident Fund

delayed payment of Appellate Tribunal

PF at Mangalore New Delhi

division

x) The Company does not have accumulated losses at the end of the financial year. The company has

not incurred cash losses during the financial year covered by the audit, nor in the immediately

preceding financial year.

Name ofthe Statute

Nature ofthe disputed dues

Amount(Rs.)

Payments madeby the company /

adjustments madeby the dept.

Period towhich theamountrelates

Forum wheredisputes are

pending


31

xi) In our opinion and according to the information and explanations given to us, there is no default in

repayment of loan dues by the Company.

xii) According to the information and explanations given to us, the Company has not granted any loans

and advances on the basis of security by way of pledge of shares, debentures and other securities.

xiii) The provisions of any special statute as referred under clause (xiii) of paragraph 4 of the Order are not

applicable to the Company.

xiv) In our opinion and according to the information and explanations given to us, the Company is not a

dealer or trader in securities.

xv) According to the information and explanations given to us, the company has not given any guarantee

for loans taken by others from banks or financial institutions.

xvi) In our opinion and according to the information and explanations given to us, the term loans

outstanding at the beginning of the year and those raised during the year have been applied for the

purposes for which they were raised.

xvii) According to the information and explanations given to us, and on an overall examination of the

Balance Sheet of the Company, funds raised on short term basis have, prima facie, not been used

during the year for long term investment.

xviii)The Company has not made any preferential allotment of shares to parties and companies covered

in the register maintained under section 301 of the Companies Act, 1956.

xix) The Company has not raised any debentures during the year.

xx) The Company has not raised any monies by way of public issues during the year.

xxi) To the best of our knowledge and belief and according to the information and explanations given to

us, no material fraud on or by the Company was noticed or reported during the year, except in the

case of theft of electricity reported by the vigilance department of the Company, the amount of which

is not quantified.

Place: Mangalore

Dated: 12.09.2014

For M/S RODRIGUES & D'SOUZA

Chartered Accountants

(F irm Registration No. 003284S)

Sd/-

(CA EDMOND D'SOUZA)

Partner

M . No 015097


32

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION

619(4) OF THE COMPANIES ACT, 1956 ON THE ACCOUNTS OF MANGALORE ELECTRICITY

SUPPLY COMPANY LIMITED, MANGALORE FOR THE YEAR ENDED 31 MARCH 2014.

No. P AG (E&RSA)/ES-II/PS-II/K-906/2014-15/205, Dated: 16.09.2014

The preparation of financial statements of MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED, stMANGALORE for the year ended 31 MARCH 2014 in accordance with the financial reporting

framework prescribed under Companies Act, 1956 is the responsibility of the management of the

Company. The Statutory Auditors appointed by the Comptroller and Auditor General of India under

Section 619(2) of the Companies Act, 1956 are responsible for expressing opinion on these financial

statements under section 227 of the Companies Act 1956 based on independent audit in accordance

with the auditing and assurance standards prescribed by their professional body, the Institute of

Chartered Accountants of India. This is stated to have been done by them vide their Audit Report dated th12 SEPTEMBER 2014.

I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit,

under section 619(3)(b) of the Companies Act, 1956, of the financial statements of “MANGALORE stELECTRICITY SUPPLY COMPANY LIMITED, MANGALORE” for the year ended 31 MARCH 2014.

This supplementary audit has been carried out independently without access to the working papers of

the Statutory Auditors and is limited primarily to inquiries of the Statutory Auditors and company

personnel and a selective examination of some of the accounting records. In view of the revisions made

in the financial statements by the management, as a result of my audit observations highlighted during

supplementary audit as indicated in the Note No.42 of the notes forming part of Accounts, I have no

further comments to offer upon or supplement to the Statutory Auditors' Report under section 619(4) of

the Companies Act, 1956.

For and on behalf of the Comptroller & Auditor General of India

Sd/- (L.A.C. SINGH)

PRINCIPAL ACCOUNTANT GENERAL(ECONOMIC & REVENUE SECTOR AUDIT)

KARNATAKA, BANGALOREPLACE: BANGALOREDATED: 16TH SEPTEMBER 2014


33

EQUITY AND LIABILITIES

(1) Shareholders Funds

a) Share Capital 1 52.301 21607.02 19107.02

52.302

b) Reserves and Surplus 2 55 to 58 16202.88 37809.90 12751.21 31858.23

(2) Share application 3 52.303 1400.00 0.00 Money pending Allotment

Sub-Total 39209.90 31858.23

(3) Non-Current Liabilities

a) Long-term borrowings 4 53 to 54 33189.88 31035.43

b) Deferred Tax Liabilities(Net) 5 - - -

c) Other long term liabilities 6 42 to 48 174587.78 140574.99

d) Long-term Provisions 7 44 3058.62 2696.00

Sub-Total 210836.28 174306.42

(4) Current Liabilities

a) Short-term borrowings 8 50 21339.47 6871.01

b) Trade payables 9 41 19731.78 37138.02

c) Other current liabilities 10 42 to 46 31198.01 25535.71

51,53,54

d) Short-term provisions 11 46 509.46 463.96

Sub-Total 72778.72 70008.70

TOTAL 322824.90 276173.35

II Assets 1 Non-Current assets

(a) Fixed assets

(i) Tangible Assets

(a) Tangible Assets (Net) 12 10 & 12 118185.45 108991.31

(b)Gross Assets created out of Govt.grant/ 12 10 36881.29 33776.50

Consumers Contributions

(c) Net Fixed Assets 81304.16 75214.81

(ii) Intangible assets 13 - - -

(iii) Capital work-in-progress 14 14,15 &17 9438.93 5338.61

(iv) Intangible assets under development 15 18.101 272.11 230.06

(b) Non-Current investments 16 20.291 251.00 251.00

(c) Deferred Tax Assets (net) 17 - - -

(d) Long term loans and advances 18 28.935 7009.08 5046.65

(e) Other non-current assets 19 28 & 16.2 106009.16 84628.92

(f) Deferred Costs 20 - - -

Sub-Total 204284.44 170710.05

2 Current assets

(a) Current Investments 21 - - -

(b) Inventories 22 22 & 16.1 6733.06 3472.35

(c ) Trade receivables 23 23, 47.607 47605.33 41390.21

& 47.609

(d) Cash and cash equivalents 24 20 & 24 3925.11 4687.60

(e) Short-term loans and advances 25 25, 26, 27 3499.36 3188.81

& 28.913

(f) Other current assets 26 23.4 & 28 56777.60 52724.33

Sub-Total 118540.46 105463.30

TOTAL 322824.90 276173.35

Significant Accounting Policies and Notes to Accounts form the part of the Accounts.

AS AT 31.03.2014 AS AT 31.03.2013

BALANCE SHEET AS AT 31ST MARCH 2014

Sd/-(K. JAYARAMA ALVA)

Financial Advisor

Sd/-(N. LAKSHMAN)Director (Tech)

Sd/-(CHIKKANANJAPPA)

Managing DirectorIn terms of our Report of even date

for RODRIGUES & D'SOUZA Chartered AccountantsFirm Reg. No: 003284 S

Sd/-CA EDMOND D'SOUZA

PARTNER Membership No. 015097Place : Mangalore

Date: 12/09/2014

SL.NO.

PARTICULARSNOTE

NOACCOUNT

CODE

(Rs. in Lakh)


34

I Revenue from operations 27 61 & 83 195023.93 189899.66

(Distribution of Power)

II Other Income 28 62 & 65 25898.93 7271.84

III Total Revenue (I+II) 220922.86 197171.50

IV Expenses

Purchase of Power 29 70 166888.17 153742.87

Employee Benefits Expense 30 75 22283.64 20854.88

Finance Costs 31 78 & 80 18013.84 18260.04

Depreciation and amortization expenses 32 77 & 83.6 5498.01 5109.64

Other Expenses 33 74,76, 8219.03 5615.20

79 & 83

Total Expenses 220902.69 203582.63

V PROFIT BEFORE EXCEPTIONAL AND 20.17 -6411.13

EXTRAORDINARY ITEMS AND TAX (III-IV)

VI Exceptional Items 34 62.917 0.00 -7006.40

VII PROFIT BEFORE EXTRAORDINARY ITEMS 20.17 595.27

AND TAX (V-VI)

VIII Extraordinary items - -

IX PROFIT BEFORE TAX (VII-VIII) 20.17 595.27

X TAX EXPENSE

Current Tax 81.1 47.28 172.66

Deferred Tax - -

MAT Credit entitlement 35 62.922 -47.28 -836.83

XI Profit (Loss) for the period from continuing

operations (IX-X) 20.17 1259.44

XII Profit (Loss) from discontinuing operations - -

XIII Tax expense of discontinuing operations - -

XIV Profit (Loss) from discontinuing operations - -

(after Taxes) (XII-XIII)

XV Profit (Loss) for the period (XI+/-XIV) 20.17 1259.44

XVI Earnings per equity share (in Rs)

Basic and diluted 0.01 0.73

Significant Accounting Policies and Notes to Accounts form the part of the Accounts.

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH 2014

FOR THE YEAR

2012-13

SL.NO.

PARTICULARS NOTE NO. ACCOUNT

CODE FOR THE YEAR

2013-14


Financial Advisor



Managing Director

In terms of our Report of even datefor RODRIGUES & D'SOUZA

Chartered AccountantsFirm Reg. No: 003284 S


PARTNER Membership No. 015097

Place : MangaloreDate :12/09/2014

(Rs. in Lakh)


35

A) Cash flows from operating activities :

Net profit before taxation and extraordinary items 20.17 595.27

Adjustment for :

Depreciation 5471.85 5109.64

Foreign exchange loss 0.00 0.00

Interest income -146.32 -91.47

Dividend income 0.00 0.00

Interest expense 18013.84 18260.04

Operating profit before working capital changes 23359.54 24056.42

(increase)/Decrease in trade recievables -6215.12 -6269.32

(increase)/Decrease in loans and advances -310.55 -1006.16

(increase)/Decrease in other current assets -4053.27 -15893.24

(increase)/Decrease in inventories -3260.71 -222.06

Increase/(Decrease) in short term borrowings 14468.46 -2191.60

Increase/(Decrease) in trade payables -17406.24 1069.19

Increase/(Decrease) in provisions 45.50 -234.77

Increase/(Decrease) in other current laibilities 5662.30 -11069.63 -7829.00 -32576.96

Cash generated from operations 12289.91 -8520.54

Income taxes paid 47.28 25.85

Cash flow before extraordinary item 12242.63 -8546.39

Extraordinary items (specifying nature) - -

Net cash from operating activities (A) 12242.63 -8546.39

B) Cash flows from investing activities :

Purchase of tangible fixed assets -11561.20 12375.01

(Increase)/ Decrease in Capital Work in Progress -4100.32 1885.12

Increase/ (Decrease) in other long term Liabilities 34012.79 40601.84

Increase/ (Decrease) in other long term Provisions 362.62 449.37

Purchase of intangible fixed assets -42.05 -230.06

Purchase of long term investments - -

(increase)/Decrease in other non-current assets -21380.24 -1127.05

(increase)/Decrease in other long term loans and advances -1915.15 -577.84

Interest received 146.32 -91.47

Net cash from investing activities (B) -4477.23 53284.92

C) Cash flows from financing activities :

Proceeds from issuance of share capital 3900.00 1900.00

Increase/(Decrease) in other long term borrowings 2154.45 -673.87

Contributions/ Grants and subsidies towards Cost of Capital

Assets 3431.50 -26756.71

Interest paid -18013.84 -18260.04

Dividends paid 0.00 0.00

Dividend distribution tax 0.00 0.00

Proceeds from ESOPs 0.00 0.00

Net cash used in financing activities (C) -8527.89 -43790.62

Net increase in cash and cash equivalents (A)+(B)+(C) -762.49 947.91

Cash and cash equivalents at beginning of period 4687.60 3739.69

Cash and cash equivalents at end of period 3925.11 4687.60

PARTICULARS 31.03.2014 31.03.2013

CASH FLOW STATEMENT FOR THE YEAR ENDING


Financial Advisor



Managing DirectorIn terms of our Report of even date

for RODRIGUES & D'SOUZA Chartered AccountantsFirm Reg. No: 003284 S



Place : MangaloreDate : 12/09/2014

(Rs. in Lakh)


36

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

I) SIGNIFICANT ACCOUNTING POLICIES FOR THE PERIOD ENDED 31-03-2014.

a) Basis of preparation of financial statements:

The Company is registered under the provisions of Companies Act, 1956. The Company is a

distribution licensee under Section 14 of the Electricity Act, 2003. The provisions of the Electricity

Act, 2003 read with the rules made there under prevails wherever the same are inconsistent with the

provisions of the Companies Act, 1956 in terms of Section 174 of the Electricity Act, 2003.

The Accounts of the company have been prepared on the basis of going concern concept and under

the historical cost convention. The Company adopts accrual basis in preparation of its accounts to

comply with all material aspects of Generally Accepted Accounting Principles (GAAP) and the

accounting standards issued by the Companies (Accounting Standard) Rules, 2006 as per thnotification No. G.S.R 739 (E) dated 7 December, 2006. However, rebate for early payment and

interest on delayed payment to power producers are accounted for as and when intimated by them.

Further, in certain areas where different accounting treatment has been prescribed under GAAP and

Electricity (Supply) (Annual Accounts) Rules 1985 (ESAAR, 1985) for an item of income/expenditure

or Asset/ Liability, the accounting treatment prescribed under ESAAR 1985 has been adopted as per

Section 174 of the Electricity Act, 2003. Further, assets and liabilities created under applicable

electricity laws continue to be depicted under appropriate heads in the Balance Sheet.

b) Use of Estimates:

In the preparation of the Financial Statements, the Company has made estimates and assumptions

that affect the reported amounts of assets and liabilities on the date of the financial statements and the

reported amounts of revenues and expenses during the reported period to conform with the

generally accepted accounting principles. Differences between actual results and estimates are

recognized in the period in which results are known / materialized.

c) Fixed Assets:

i) Fixed assets which are acquired or constructed are recorded in the books of accounts and

disclosed in annual accounts at actual cost of acquisition/ construction or at standard rate, as the

case may be, less accumulated depreciation. Cost of acquisition is inclusive of freight, duties &

taxes, levies, borrowing costs and all incidentals attributable to bringing the asset to its working

condition.

ii) In case of fixed assets, for new projects / extension, the related expenses and interest cost up to

the date of commissioning attributable to such project / expansion are capitalized.

iii) Fixed Assets other than those classified as 'Furniture & Fixture' and 'Office Equipments', costing

individually up to Rs 500 are written off to Profit and Loss Account during the year.

iv) Assets transferred by M/s Karnataka Power Transmission Corporation Limited (KPTCL) have

been stated at the cost of transfer indicated by KPTCL in transfer document.

d) Impairment of Assets:

The Company at the Balance Sheet date assesses individual fixed assets and group of assets

constituting “Cash Generating Units” (CGU) for impairment, if circumstances indicate a possibility or

warrant such assessment. If carrying cost is higher than recoverable amount provision will be made

for impairment of state of assets or CGU.

e) Depreciation:

i) Depreciation on all assets (except lease hold land) is provided on straight line method over the thuseful life of the asset at the rates approved in KERC Tariff Order 2009 dated 25 November 2009.

Depreciation on released assets re-issued to works and categorized as assets, is charged at the

rates prescribed vide said regulation considering the WDV as the base value. This system is

followed consistently.


37

ii) In respect of Lease hold land where entire lease amount is paid in advance, depreciation is

charged every year by a fixed amount which is arrived by dividing the total Lease cost by the

number of years of lease so that 100% of the leased cost of land is recovered over the lease period.

iii) Depreciation on all assets excluding land is provided up to 90% of the original cost. Depreciation

is not charged on those assets for which the accumulated depreciation as at the Balance Sheet

date is 90% of the original cost.

iv) Depreciation on additions of assets is provided on pro-rata basis from the following month in

which the asset is available for use. Depreciation on disposed assets / assets withdrawn from use

is provided up to the month in which the asset is disposed / withdrawn.

f) Capital Work in Progress:

Material issued to Capital Work is valued at a price which is determined on the basis of previous

purchases and prevailing market rates, which is stated as Common Standard Rates for all ESCOMs

jointly published by all the ESCOMs in the state of Karnataka.

g) Inventory valuation:

Inventories are valued at Standard Rate, which is determined by MESCOM from time to time based

on previous purchase price and prevailing market rates (published as O & M Schedule of Rates). The

difference in actual cost of material received and standard issue rate represents “Material Cost

Variance”. At the end of the year debit balance if any, under Material Cost Variance is charged to

Profit and Loss Account and credit balance if any is transferred to reserve account called “Reserve for

Material Cost Variance”.

Dismantled Assets are valued at written down value of assets.

h) Revenue Recognition:

Sale of Electricity is accounted, based on tariff rates approved by the Karnataka Electricity Regulatory

Commission (KERC). Revenue from sale of energy is accounted on accrual basis. Revenue is

reduced by unbilled revenue of previous year included in current year's revenue. It is increased by

the unbilled revenue of current year and revenue due from consumers whose ledger accounts are yet

to be opened.

i) Interest on Energy Balancing Dues:

Company has accounted the provision of Rs. 203.63 Crs. during the year 2013-14 towards interest

receivable from other ESCOMs on the energy balancing dues as on 31.03.2014.

j) Subsidy from Government of Karnataka:

GoK vide notification no. EN 55 PSR 2008 dtd 14.09.2008 has introduced a scheme of free power

supply to IP sets having capacity of upto 10 HP (inclusive of 10 HP). Further GoK is also providing free

power supply to Bhagyajyothi and Kutira jyothi consumers having monthly consumption upto 18

units.

In accordance with the above said notification MESCOM has been providing free power to IP sets &

BJ/KJ consumers and the cost thus involved in providing free power supply to those consumers will

be made good by GoK. The difference between the amount of free power supply to BJ/KJ and IP set

consumers and the actual amount received from the Govt. has been accounted as receivable from

the GoK.

k) Employee Benefits:

i) All the employees of the Company are on deputation from KPTCL.

ii) In respect of Pension and Gratuity, provision for contribution to KPTCL/ESCOMs' Pension &

Gratuity Trust is made on the formula evolved by the Trust based on the actuarial valuation

undertaken by KPTCL/ESCOMs' Pension & Gratuity Trust. The contribution towards pension and

gratuity is accounted at the rates noted below:-


38

Pension - 30.00% of Basic Pay + Dearness Pay +Dearness Allowance

Gratuity - 6.01% of Basic Pay + Dearness Pay

For those employees who have joined MESCOM on or after 1.4.2006, the contributory pension

scheme is applicable where in 10% of the Basic Pay + Dearness Pay + Dearness Allowance are

contributed to the pension fund with matching contribution of employees.

iii) Provision for ELS & FBF:

Provision towards Earned Leave Encashment and Family Benefit Fund has been created based

on the Actuarial Valuation carried out as on 31.03.2014.

l) Provision for Bad and Doubtful Debts:

Provisions for Bad and Doubtful Debts is made in the accounting divisions at 4% (as per para 4.2 of

Annexure V of ESAAR, 1985) on the balance of sundry debtors for sale of power, outstanding as at the

end of the year.

m) Accounting for Grants & Contributions from consumers

The Company has implemented provisions of Accounting Standard -12 issued by the Institute of

Chartered Accountants of India for recognizing the Grants & Consumers contribution received

towards capital expenditure from the year 2012-13. Hence the value of grants and consumer

contribution utilized towards the capital expenditure has been reduced from carrying amount of the

fixed Assets. Company has also not charged depreciation on the Assets created out of Consumers

Contribution and Govt. grants.

n) Investments:

i) Investment in Power Company of Karnataka Ltd (PCKL):

An amount of Rs 1.00 lakh paid towards the initial minimum share capital and Rs 250 lakh paid

towards networth, subsequently converted to Equity by Power Company of Karnataka Ltd (PCKL)

have been accounted as investments under account code 20.291.

II) Long term investments are carried at cost less provisions if any for diminutions in the value of such

investments. Current investments are carried at Cost or fair value whichever is lower.

o) Compliance to Accounting Standards:

As per Section 616 of the Companies Act, 1956, the provisions set out in ESAAR 1985 will prevail over

the provisions of Companies Act, 1956, in the event of any conflict between ESAAR, 1985, and

Accounting Standards. The Company has complied with accounting standards to such extent it does

not conflict with ESAAR, 1985.


39

NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.2014

1 EQUITY AND LIABILITIES

NOTE : 01 SHARE CAPITAL

1.1 Authorised Capital 30000.00 30000.00

30,00,00,000 Equity shares of Rs. 10/- each

1.2 Issued, Subscribed and Paid up

Equity Share Capital (11,57,80,300 shares of 52.301 11578.03 9078.03

Rs. 10 each)

10,02,89,931 shares of Rs. 10 each are 52.302 10028.99 21607.02 10028.99 19107.02

allotted as fully paid up to GOK without

payment being received in Cash

TOTAL 21607.02 19107.02

Sl. No

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

(Rs. in Lakh)

1.3 Except one Share each held by the 10 Directors, remaining entire No. of share are held in the name of His Excellency Governor of Karnataka.

1.4 The reconciliation of the No. of Equity shares outstanding is set out below:

Particulars As at 31.03.2014 As at 31.03.2013

Equity shares at the beginning of the Year 191070231 172069931

Add: No. of Equity shares issued during the Year 25000000 19000300

Less : No. of Equity shares cancelled on buy back during the Year 0 0

Equity shares at the end of the Year 216070231 191070231

NOTE : 02 RESERVES AND SURPLUS

2.1 Capital Reserve:

As per Last Balance Sheet 56.200 132.66 132.66

Add: Additions during the Year 0.00 0.00

Less: Utilised during the Year 0.00 0.00

Closing Balance 132.66 132.66

2.2 Reserve for Material Cost Variance

As per Last Balance Sheet 56.610 2563.53 1914.79




2.3 Profit and Loss Account (Surplus)

As per Last Balance Sheet 7144.01 5884.57




2.4 Contributions, grants and subsidies

towards cost of Capital assets

2.4.1 Consumers contribution towards 55.100 20084.76 17008.97

cost of capital assets

2.4.2 Subsidies towards 55.200 1193.33 1193.33

Cost of Capital Assets

2.4.3 State Govt. grants towards 55.300 400.00 400.00 cost of capital works

2.4.4 APDRP Grant Account 55.301 3704.81 3675.81

Sl. No

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

(Rs. in Lakh)


40

Sl. No

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

2.4.5 PMGY Grant Account 55.302 56.25 56.25

2.4.6 RGGVY Grant Account 55.303 11631.38 9512.35

2.4.7 Special Grant Towards Capital 55.500 3670.32 3670.32

works under APDRP

2.4.8 GOK Grant Towards energization 55.501 53.00 53.00

of IP sets under Ganga Kalyana Scheme

2.4.9 Central Govt. Grant towards 55.502 63.00 63.00

Power Sector Automation

2.4.10 Grants received from GoK towards 55.504 775.00 775.00

special component sub plan [SCSP]

2.4.11 Grants received from GoK towards 55.505 279.48 279.48

Tribal sub plan [TSP]

Sub - Total 41911.33 36687.51

2.5 Gross Assets created out of Grants 36881.29 33776.50

and reduced from total Fixed Assets

2.6 RGGVY Grants of DK & Udupi Dist. 5030.04 2911.01

yet to be utilised

Total 16202.88 12751.21

2.6 (a) Out of the total grants received, a sum of Rs.5030.04 lakh is pendingfor categorisation in the subsequent years

towards capital works.

2.4.6 (a) The Central Government has formulated RGGVY Scheme to provide power supply to the consumers under BPL

category. M/s RECL was nominated as the nodal agency for the Scheme. In MESCOM jurisdiction, the scheme was

implemented in Chikmagalore and Shimoga districts in Phase I of XI plan and the work is completed in all respect.

Further the Scheme is extended to Dakshina Kanada and Udupi Districts in Phase II of XI Plan and the work is in

progress. The details of funds received and expenses booked are as detailed below:

Grant received from central Govt. 6601.34 5030.04 11631.38

Loan from RECL 765.32 595.49 1360.81

Interest earned on un-utilised fund upto 31.03.2014 132.44 80.40 212.84

Total funds available 7499.10 5705.93 13205.03

Funds utilised 7299.77 4907.03 12206.80

Returned to MoP 133.47 - 133.47

Balance fund available as on 31.03.2014 65.86 798.90 864.76

Kept in Fixed deposit with State Bank of Mysore, Mangalore 0.00 775.00 775.00

Retained in Current Account 65.86 23.90 89.76

Particulars For Shimoga &

Chikmagalore dist For DK &

Udupi dist Total

2. SHARE APPLICATION MONEY PENDING ALLOTMENT

NOTE : 3 SHARE APPLICATION MONEY PENDING ALLOTMENT

3.1 Share Deposit from GOK Pending Allotment 52.303 1400.00 0.00

Total 1400.00 0.00

(Rs. in Lakh)

(Rs. in Lakh)

(Rs. in Lakh)

Sl. No Particulars Account

Code As at 31.03.2014 As at 31.03.2013

3.2 GoK in its Order No: EN 58 PSR 2013 Bangalore dated 23.09.2013 has accorded approval for Equitable Distribution of

Rs. 70.00 Crs paid towards 50% of the cost of power block of Jurala Hydro Electric Project among Electricity Supply

Companies. The amount was paid by PCKL to Andra Pradesh Power Generation Corporation Ltd on behalf of ESCOMs.

The share of MESCOM amounting Rs. 14.00 Crs is accounted as Share deposit received from GoK and paid as Deposit

to Andra Pradesh Power Generation Corporation Ltd under A/c 28.935.


41

3 NON -CURRENT LIABILITIES NOTE: 04 LONG TERM BORROWINGS

4.1 TERM LOANS

4.1.1 SECURED LOANS

4.1.1.1 From Banks 53.500 28856.55 28823.37

4.1.1.2 From Others 53.301, 2474.07 865.81

53.308,

53.309,

53.311,

53.312

Sub- Total 31330.62 29689.18

4.1.2 UN-SECURED LOANS

4.1.2.1 From Banks 0.00 0.00

4.1.2.2 From Government 53.306, 197.56 231.91

53.307,

54.600,

54.700,

54.701,

54.702

4.1.2.3 From Others 53.305, 1661.70 1114.34

53.310

53.960

Sub- Total 1859.26 1346.25

TOTAL 33189.88 31035.43


Code As at 31.03.2014 As at 31.03.2013

(Rs. in Lakh)

4.1.2.4 At the time of unbundling of transmission and distribution activities and formation of Electricity Distribution Companies,

the Government of Karnataka has transferred certain loans taken by M/s KPTCL to the Company as part of transfer of

assets and liabilities. The interest payment as intimated by KPTCL has been charged to Profit and Loss Account in the

books of account since the assets have already been commissioned. 4.1.2.5 The loan balances between KPTCL and the Company are reconciled. 4.1.2.6 During reconciliation of APDRP counterpart loan it was noticed that, the loan amount adjusted by M/s RECL to the GOK

dues was not incorporated in the accounts of the Company. Hence as approved in the meeting of Board of Directors of

Company held on 17.03.2014, an amount of Rs. 98951370.00 was accounted as loan payable to RECL by debiting to

revenue expenditure under A/c 79.571.


42

4.1.2.6 Reconciliation of loan Balances

I Term Loan-Secured

A Commercial Banks

1 Syndicate Bank 4000 10149317 8 11.25 2657.79 471.51 2186.28 12 514.39

Loan from Syndicate Bank

is secured by a first charge

(floating) on fixed assets

viz., transformers,

transmission lines, meters,

poles, conductors, cables

and computers worth

Rs. 40.00 crores situated

at Company jurisdiction

2 Syndicate Bank 10000 10281594 8 11.25 8556.44 1312.57 7243.87 12 1428.60

Secured by a first charge

on assets such as Plant &

Machinery, line cable

networks including poles,

towers, Transformers,

Meters etc, Furniture,

Office equipment etc

located in Dakshina

Kannada, Udupi, Shimoga

& Chikmagalur Districts.

3 Corporation Bank 10000 10190264 8 12.45 6645.08 1428.60 5216.48 12 1428.60

secured by Hypothecation

of present and future

current assets of the

Company.

4 Punjab & Sind Bank 10000 10105976 8 11.50 4404.76 1309.52 3095.24 12 1428.57

Secured by Hypothecation

of the whole of present and

future current assets

including inventories and

book debts belonging to

the Company situated at

Corporate Office.

5 UCO Bank 6000 10149038 9 12.75 3936.85 750.00 3186.85 4 750.00

Secured by Hypothecation (Qtrly)






Corporate Office.

6 Indian Bank 5000 10185366 9 11.5 3437.50 625.00 2812.50 4 625.00

Secured by Hypothecation






Corporate Office.

Sl. No .

Name of the Bank / Lender

Loan Drawn

Charge ID No

Term of

Loan in

Yrs.

Floating Rate of Interest as on

31.03.14 (%)

Loan Balance

as on 01.04.13

Loan Drawn during

2013-14

Repayment during

2013-14

Loan Balance

as on 31.03.2014

No of Instal

ments.

Details for Loan Installment due

for 2014-15

Amount

(Rs. in Lakh)

(Qtrly)

7 State Bank of Mysore 6750 10369875 8 13.25 6500.00 250.00 840.02 5909.98 12 1440.00

Hypothication of the

equipments/meters/poles/

transformers/aluminium

wires/conductors/ cables/

civil works etc. purchased/

acquired for the project out

of the term loan granted.

8 Canara Bank-I 5000 8 11.15 5000.00 0.00 5000.00 8 476.00

Pari passu Charge on Fixed

Assets of the Company,

existing and future assets

to the extent of Rs. 50 crs.

9 Canara Bank-II 2475 8 11.15 2475.00 0.00 2475.00 3 178.50

Pari passu Charge on Fixed

Assets of the Company,

existing and future assets

to the extent of Rs. 50 crs.

Sub-Total 59225 36138.42 7725.00 6737.22 37126.20 8269.66

B Others

1 Loans from Rural

Electrification Corporation 4.58 4.58 0.00 0.00

Works at Mangalore and

Udupi Town Secured by

hypothecation of all existing

unencumbered moveable

properties including

Machinery, Equipments,

Machinery Spare, Tools,

Implements and Accessories

installed / created / erected

and all future moveable

properties including

machinery etc purchased

out of the loan amount.

2 REC– APDRP works 161 80059293 13 14 139.72 16.09 123.63 1 16.09

Works at Shimoga,

Bhadravathi and

Chikmagalur are secured

by way of first charge by

hypothecation of

moveable machinery,

equipments, machinery

spares, tools, implements

and accessories installed

and equipments created

under the project and

procured out of loan


43

Sl. No .


Loan Drawn

Charge ID No

Term of

Loan in

Yrs.


31.03.14 (%)

Loan Balance

as on 01.04.13

Loan Drawn during

2013-14

Repayment during

2013-14

Loan Balance

as on 31.03.2014

No of Instal

ments.


for 2014-15

Amount

4.1.2.6 Reconciliation of loan Balances (Rs. in Lakh)

3 REC – General 634.00 10033614 13 13.25 443.60 63.37 380.23 1 63.37

Projects at Vogga,

Kukkipady and Nellyadi in

Dakshina Kannada district,

are secured by first charge

by hypothecation of all

moveable machinery,

equipments, machinery

spares, tools, implements

and accessories installed

and equipments created

under the project and

procured out of loan

sanctioned by REC.

4 REC bulk Loan

Transformers and

Conductors utilised for

System Improvement works

to the extent of Rs.89.66Crs.

5 PFC- R-APDRP works 361.96 10184171 10 11.5 361.96 362.00 723.96

Loan from M/s PFC is

secured by

1.moveable properties of

newly financed Assets

under projects installed at

MESCOM project Area.

2.Existing and proposed

Moveable plant and

Machinery of the Company.

Sub-Total 949.86 1687.71 84.04 2553.53 79.46

Total Secured Loans 37088.28 9412.71 6821.26 39679.73 8349.12

II Term Loan-Un-Secured

1 APDRP-REC Loan payable 5.20 1025.38 579.24 451.34 150.45

to KPTCL

2 PMGY Loan Account 126.00 20.00 12.00 94.43 7.65 86.78 7.66

3 GOK loan for energization 120.00 12.00 11.00 36.00 12.00 24.00 12.00

of IP sets under GK scheme

4 Central Govt. Loan towards 147.00 10.00 11.00 73.50 14.70 58.80 14.70

Power Sector Automation

5 Loan from GOK-Interest free 62.34 62.34

6 REC – RGGVY Works 765.32 765.32 765.32

Shimoga & Chikmagalore

Districts

7 REC – RGGVY Works - 595.49 343.82 251.67 595.49

DK & Udupi Districts

Sub-Total 1380.61 1277.05 613.59 2044.07 184.81

TOTAL LONG TERM LOANS 38468.89 10689.76 7434.85 41723.80 8533.93

Term loan due for

repayment in next year 7433.46 8533.93

(shown as current Liabilities

in Note:10)

Net long term loan

(Note-4) 31035.43 33189.87


44

Sl. No .


Loan Drawn

Charge ID No

Term of

Loan in

Yrs.


31.03.14 (%)

Loan Balance

as on 01.04.13

Loan Drawn during

2013-14

Repayment during

2013-14

Loan Balance

as on 31.03.2014 No of

Instalments.


for 2014-15

Amount

4.1.2.6 Reconciliation of loan Balances (Rs. in Lakh)

1325.71 10384994 7 12.5 0.00 1325.71 1325.71

2482.67

61707.67

2185.00

3938.81

65646.48

NOTE: 05 - DEFERRED TAX LIABILITIES (NET)

5.1 Deferred Tax Liabilities (Net) 0.00 0.00

NOTE: 06 - OTHER LONG TERM LIABILITIES

6.1 Trade Payables

6.1.1 M/s KPCL

6.1.2 Interest payable to M/s KPCL 46.430 34317.39 25336.20

Sub-Total 119334.82 89585.10

6.2 Others

6.2.1 Security Deposits from consumers

6.2.1.1 Meter Security Deposits 47.603 to 47.606 2204.42 2124.66

6.2.1.2 Initial/ Additional Security Deposits 48.100 to 48.200 35855.66 32077.43

Sub- Total 38060.08 34202.09

6.3 KPCL, KPTCL & Other ESCOMs

6.3.1 M/s KPCL 42.203, 42.213, 3.48 3.48

6.3.2 M/s KPTCL 42.214, 42.219, 4102.22 4001.41

42.224, 42.229,

46.106

6.3.3 M/s BESCOM 42.215, 42.220, 4877.48 691.09

42.225, 42.230

6.3.4 M/s HESCOM 42.216, 42.222, 163.95 167.71

42.232

6.3.5 M/s GESCOM 42.233 2378.79 2056.79

6.3.6 M/s CESCO 42.790 3231.69 7931.90

Sub- Total 14757.61 14852.38

6.4 Staff related Liabilities

6.4.1 Security deposit from employees 46.920 0.37 0.55

Sub-Total 0.37 0.55

6.5 Liability to Suppliers and Contractors

6.5.1 Security Deposits in cash from 46.101 505.98 318.32

Suppliers / Contractors

6.5.2 Retention Money- Bill amount 46.104 1766.81 1431.52

retained as per terms of

purchase order/ turnkey contract

Sub-Total 2272.79 1749.84

6.6 Payables to GOK

6.6.1 BRP - II recoveries 46.202 to 46.207 40.75 40.75

6.6.2 Amount received from Govt., 28.816 79.60 109.22

towards Bhagya Jyothi Works

Sub-Total 120.35 149.97

6.7 Others

6.7.1 Stale Cheques 46.910 3.29 2.48

6.7.2 Miscellaneous deposits 46.966 38.47 32.58

Sub-Total 41.76 35.06

Total 174587.78 140574.99


Code As at 31.03.2014 As at 31.03.2013

(Rs. in Lakh)

(Rs. in Lakh)


45


Code As at 31.03.2014 As at 31.03.2013

41.108 85017.43 64248.90

6.8 The balance of consumers security deposit held as per accounts and consumers ledger accounts are subject to

reconciliation.

NOTE: 07 LONG TERM PROVISIONS

7.1 Provisions for Employee benefits

7.1.1 Provision for earned leave encashment 44.130 2166.80 1931.84

7.1.2 Provision for Family Benefit Fund 44.141 ,44.142, 891.82 764.1644.143

Total 3058.62 2696.00

4 CURRENT LIABILITIES NOTE: 08 SHORT TERM BORROWINGS

8.1 Bank Overdraft

8.1.1 State Bank of Mysore 50.210 4604.11 2034.74

8.1.2 Vijaya Bank 50.260 3832.85 3112.44

8.1.3 Central Bank of India 50.270 2902.51 1723.83

8.1.4 ST Loan- Syndicate Bank 53.500 6500.00 0.00

8.1.5 ST Loan- Corporation Bank 53.500 3500.00 0.00

Total 21339.47 6871.01

NOTE: 09 TRADE PAYABLES

9.1

9.1.1 M/s. KPCL 41.108 0.00 22281.86

9.1.2 M/s. NTPC RSTPS 41.110 2499.49 2177.13

9.1.3 M/s. Madras Automic Power Station 41.111 30.01 11.92

9.1.4 M/s. Neyveli Lignite Corporation Ltd., 41.112 2109.14 2587.01

9.1.5 M/s. NPCIL - Kaiga Generating Station 41.114 309.04 274.10

9.1.6 M/s. Sandur Power Company Ltd., 41.115 357.22 469.26

9.1.7 M/s. Sahyadri Power Company Ltd., 41.116 4.32 3.06

9.1.8 M/s. Master Power 41.118 0.60 0.00

9.1.9 M/s. Subhash Kabini 41.119 89.91 0.00

9.1.10 M/s. Graphite India Ltd., 41.120 12.38 0.00

9.1.11 M/s. Maruthi Power Gen 41.121 0.00 0.00

(Kabini) Pvt. Ltd.,


Hemavathi Pvt. Ltd.,

9.1.13 M/s. Moodabagil Power Pvt. Ltd. 41.123 5.10 3.44

9.1.14 M/s. BPCL ( NERIA) 41.124 0.00 0.00

9.1.15 M/s JSW PTCIL 41.125 0.52 96.59

9.1.16 M/s. Mrujara Power Plant 41.126 7.64 5.38

9.1.17 M/s. Rayalseema Alkalies 41.129 0.00 8.71

9.1.18 M/s. Tata Company Limited 41.131 42.64 42.64

9.1.19 M/s. UPCL 41.132 8226.01 7942.57

9.1.20 M/s Wind Mill Projects 41.140 458.52 427.81

9.1.21 M/s. PTC India Limited 41.199 0.00 57.17

9.1.22 M/s. Shamili Hydel Power Project 41.202 70.23 106.90

9.1.23 M/s. AMR Power Pvt. Ltd 41.206 1861.09 0.00

9.1.24 M/s. Cogeneration Units & Non PPAs 41.208 158.49 24.57

9.1.25 Sundry creditors towards 41.210 0.00 0.51

Peak Power Purchase

(Rs. in Lakh)

(Rs. in Lakh)

(Rs. in Lakh)


46


Code As at 31.03.2014 As at 31.03.2013


Code As at 31.03.2014 As at 31.03.2013


Code As at 31.03.2014 As at 31.03.2013

Liability For Purchase Of Power

9.1.26 Sundry creditors towards other 41.211 2644.52 0.00

power purchase cost

9.1.27 M/s. SRM Power Pvt. Ltd 41.212 2.03 0.00

9.1.28 M/s. Kundankulam 41.214 100.06 0.00

9.1.29 M/s. Welspun Solar 41.215 198.26 0.00

9.1.30 Payable to KPTCL in respect of 41.141 44.48 39.97

Wind Mill Projects

9.1.31 Transmission charges payable to 41.164 0.77 12.12

M/s TNEB

9.1.32 M/s PGCIL 41.173 499.31 516.00

Total Power Purchase Liability 19731.78 37138.02

Total 19731.78 37138.02

(Rs. in Lakh)

(Rs. in Lakh)NOTE 10 : OTHER CURRENT LIABILITIES

10.1 Current Maturities of Long Term Debts

10.1.1 Term Loan Installment due for

repayment within Next One Year

10.1.1.1 Loans from REC 53.305 150.45 4.58

10.1.1.2 Loan drawn by MESCOM from 53.308 16.09 16.09

REC– APDRP works

10.1.1.3 Loan drawn by MESCOM from 53.309 63.37 63.37

REC – General

10.1.1.4 Loans from Commercial Banks 53.500 8269.66 7315.06

10.1.1.5 PMGY Loan Account 53.306 7.66 7.66

10.1.1.6 GOK loan for energization of IP sets 53.307 12.00 12.00

under GK scheme

10.1.1.7 Central Govt. Loan towards Power 54.600 14.70 14.70

Sector Automation

Sub-Total 8533.93 7433.46

10.2 Interest Accrued but not due on Borrowings 0.00 0.00

10.3 Interest Accrued and due on Borrowings 0.00 0.00

10.4 Income received in Advance 0.00 0.00

10.5 Other Payables

10.5.1 LIABILITY FOR SUPPLIES / WORKS

10.5.1.1 Liability for supply of Materials 42.101 564.53 833.49

10.5.1.2 Sundry creditors / Control Account 42.201 576.51 447.79

10.5.1.3 Sundry creditors – Amount payable 42.202 0.75 3.77

towards supply of materials which

do not pass through stores.

10.5.1.4 Contractors Control Account 42.401 719.57 201.70

10.5.1.5 Liability to Contractors 42.501 4.41 4.99

10.5.1.6 Provision for work completed but not 42.601 518.04 503.88

commissioned where expenditure

are not booked

Sub-Total 2383.81 1995.62

10.5.2 Statutory Dues

10.5.2.1 Service Tax payable under reverse 46.921 0.01 0.00

charge Mechanism

10.5.2.2 Income tax deducted at source on 46.924 54.67 62.21

payment to contractors

10.5.2.3 Income tax deducted at source 46.925 11.40 4.31

on other payments

10.5.2.4 Sales tax deducted at source and 46.927 4.44 1.43

payable to department


47

Sl. No

Sl. No

Particulars

Particulars

Account Code

Account Code

As at 31.03.2014

As at 31.03.2014

As at 31.03.2013

As at 31.03.2013


48


Code As at 31.03.2014 As at 31.03.2013

(Rs. in Lakh)

46.967,

46.970

46.971,

46.976

10.5.2.5 Sales tax payable on sale of Stores 46.951,46.926 0.72 8.44

10.5.2.6 Amount deducted from contractors 46.930 14.01 6.43

bills towards PF, ESI & CESS

10.5.2.7 ESI Contributions recoverable from 46.931 0.82 0.10

bill amount of contractors and payable

to ESI Corporation

10.5.2.8 Amount of CESS deducted at source 46.932 2.18 1.00

and payable to the department

Sub-Total 88.25 83.92

10.5.3 Employee related liabilities

10.5.3.1 Liability towards Pension & Gratuity Trust 44.122 2329.15 1442.81

10.5.3.2 Liability towards contribution to newly 44.150 40.38 35.91

defined contributory pension scheme

10.5.3.3 Unpaid Salaries 44.210 0.07 0.16

10.5.3.4 Unpaid Bonus 44.220 0.16 0.26

10.5.3.5 Salary payable 44.310 18.36 6.98

10.5.3.6 Bonus payable 44.320 5.68 8.51

10.5.3.7 Ex-gratia payable 44.330 132.52 135.58

10.5.3.8 Sundry creditors for expenses 46.410 78.94 90.81

10.5.3.9 Liability for miscellaneous expenses. 46.412 23.96 14.81

10.5.3.10 Security deposit from employees 46.920 0.40 0.25

Sub-Total 2629.62 1736.08

10.5.4 Payables to GOK

10.5.4.1 Electricity tax 46.300 2721.37 1725.80

10.5.4.2 Compounding fee 46.301 1.86 1.16

10.5.4.3 Inspection charges payable to Govt. 46.440 1.01 1.16

Sub-Total 2724.24 1728.12

10.5.5 Payables to Consumers

10.5.5.1 Interest on ISD/ASD 48.340 2681.86 2636.47

10.5.5.2 Interest on MSD 48.350 271.05 390.15

10.5.5.3 Other Deposits from Consumers 47.601,47.602 51.98 48.15

Sub-Total 3004.89 3074.77

10.5.6 Others

10.5.6.1 Security Deposits in cash from Suppliers 46.101 215.57 195.35

/ Contractors

10.5.6.2 Retention Money-Bill amount retained as 46.104 885.37 653.35

per terms of purchase order/turnkey

contract

10.5.6.3 Liability for expenses 46.430 2793.74 2765.81

10.5.6.4 Stale Cheques 46.910 3.86 3.28

10.5.6.5 Advance received for sale of stores scrap etc., 46.922 12.62 0.00

10.5.6.6 Amount recoverable from salary of 46.928 58.96 70.08

Company employees and payable to

other department / other institutions

10.5.6.7 Amount recovered from salary of 46.952 32.60 28.60

employees towards employees CPS

10.5.6.8 Miscellaneous deposits 46.966 3.86 7.27

10.5.6.9 Excess credits by banks 45.86 0.18

pending reconciliation

10.5.6.10 Amount payable to other 43.26 63.97

Departments against DCW works

10.5.6.11 Flood Relief Fund 46.978 0.00 0.05

10.5.6.12 Electrification / Service Connection 47.300 4223.25 3486.14

10.5.6.13 Encashment of Bank Guarantee 56.602 6.00 0.00

10.5.6.14 Stock Excess pending Investigation. 22.810 0.37 0.00

10.5.6.15 Sundry debtors for sale of power - 23.1 & 23.2 3280.37 1886.29

Credit Balances

10.5.6.16 Advances paid to SLDC towards UI 28.910 0.00 182.24

Charges

10.5.6.17 Advance paid to KPTCL towards 28.911 99.00 0.00

transmission charges

10.5.6.18 Advance made to M/s. PCKL 28.916 0.00 8.05

towards Non- POC bills

Sub-Total 11704.69 9350.66

10.5.7 Inter Unit Accounts (Net) 31 to 37 128.58 133.08

Total 31198.01 25535.71

NOTE: 11 SHORT TERM PROVISIONS

11.1 Provision for Employee benefits

11.1.1 Provision for earned leave encashment 44.130 404.37 360.53

11.1.2 Provision for Family Benefit Fund 44.143 11.52 9.86

Sub-Total 415.89 370.39

11.2 Others

11.2.1 Provision for Income Tax 46.800 93.57 93.57

Total 509.46 463.96

(Rs. in Lakh)

(Rs. in Lakh)


49

Sl. No Particulars As at 31.03.2014 As at 31.03.2013 Account

Code

Sl. No Particulars As at 31.03.2014 As at 31.03.2013 Account

Code


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(Rs.

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12

14.1 Capital Work in Progress 14.000 9285.65 5277.32

14.2 Revenue expenses pending 15.206 73.30 43.92

allocation over capital works - Interest

14.3 Preliminary expenditure on survey / 17.301 79.98 17.37

feasibility studies of projects

pending allocation

Sub Total 153.28 61.29

Total 9438.93 5338.61

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

14.4 An amount of Rs 251.21 lakh towards interest on loan taken for capital works has been capitalized during the year.

NOTE: 15 INTANGIBLE ASSETS UNDER DEVELOPMENT

NOTE : 14 CAPITAL WORKS IN PROGRESS

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

----------NIL-------- Total

(Rs. in Lakh)

(Rs. in Lakh)

15.1 Software acquired/ Purchased 18.101 272.11 230.06

for internal use

Total 272.11 230.06

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

(Rs. in Lakh)

NOTE : 16 NON- CURRENT INVESTMENTS

16.1 Investments:

16.1.1 Long Term Investments -

(Un-quoted at cost.)

16.1.1.1 Investment in share capital of 20.291 251.00 251.00

Power Company of Karnataka Limited

(25100 Equity shares of Rs. 1000 each)

Total 251.00 251.00

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

(Rs. in Lakh)

NOTE : 17 DEFERRED TAX ASSETS (NET)

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

----------NIL-------- Total

(Rs. in Lakh)

NOTE: 13 INTANGIBLE ASSETS


51

NOTE : 18 - LONG TERM LOANS AND ADVANCES

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

(Rs. in Lakh)

(Rs. in Lakh)

18.1 Deposit with Others 28.935 2491.37 770.07

18.2 Income Tax paid in advance 28.821 3217.73 3197.75

18.3 MAT Credit Entitlement 28.802 817.09 836.83

18.4 Amount deposited with PF Authorities 46.930 482.89 242.00

Total 7009.08 5046.65

NOTE :19 OTHER NON CURRENT ASSETS

19.1 Long Term Trade Receivables

19.1.1 Secured and considered Good 0.00 0.00

19.1.2 Un-secured and considered Good 0.00 0.00

19.2 Subsidy Recoverable from GOK

19.2.1 Subsidy / Grants receivable 28.620 8027.60 8027.60

Sub-Total 8027.60 8027.60

19.3 Others

19.3.1 Receivables from KPCL, KPTCL

and Other ESCOMs

19.3.1.1 M/s KPTCL 28.826,28.831, 9134.95 9134.9528.836,28.841,

28.881

19.3.1.2 M/s BESCOM 28.827,28.832, 9129.68 4265.2728.837,28.842

19.3.1.3 M/s HESCOM 28.829,28.839, 28541.89 24043.1028.844

19.3.1.4 M/s GESCOM 28.840,28.845 24818.32 13189.68

19.3.1.5 M/s CESCO 28.850,28.790 2835.94 2766.01

19.3.1.6 Amount receivable from CESCO 28.851 22476.92 22476.92

on account of excess of Assets over

liability assumed by CESCO on

bifurcation of undivided MESCOM as

on 01.04.2005

19.3.1.7 M/s KPCL 28.865,28.874 4.09 4.09

Sub-Total 96941.79 75880.02

19.3.2 Other Receivables

19.3.2.1 Amount recoverable from Employees 28.401 10.83 59.44

19.3.2.2 Amount recoverable from employees 28.409 0.00 11.97

- material related

19.3.2.3 Claims for Loss / Damage to 28.749 12.87 16.17

Capital Assets

Sub-Total 23.70 87.58

19.3.3 Assets not in Use

19.3.3.1 Written down value (WDV) of 16.200 1016.07 633.72

Faulty / Dismantled Assets.

Sub-Total 1016.07 633.72

Total 106009.16 84628.92

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No


52

19.2.1 The GOK vide order No. EN 34 PSR 2008 dated 19.08.2010 has ordered to refund the amount paid by the farmers during

the period from 01.04.2001 to 31.03.2003 to them and the same is implemented by MESCOM. An amount of

Rs. 31.79 Crs is shown as receivable from GOK under this head.

NOTE :20 DEFERRED COSTS

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

----------NIL-------- Total

(Rs. in Lakh)

NOTE 21: CURRENT INVESTMENTS

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

----------NIL-------- Total

(Rs. in Lakh)

NOTE - 22 INVENTORIES, STORES AND SPARES

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

22.1 Materials Stock Account

22.1.1 Materials Stock Account 22.610 6511.12 3087.31

22.1.2 Material imprest Account 22.641 11.08 13.34

22.1.3 Materials issued to fabricators 22.720 0.00 0.04

22.1.4 Materials Account - Temporary works 22.731 6.24 4.19

Sub- Total 6528.44 3104.88

22.2 Written down value (WDV) of 16.100 204.62 367.47

obsolete / scrapped assets

Total 6733.06 3472.35

NOTE : 23 TRADE RECEIVABLES

(Rs. in Lakh)

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

23.1 TRADE RECEIVABLES

23.1.1 Sundry Debtors for sale of Power – 23, 50797.72 45561.29

47.607, LT, HT & Others (Excluding 47.609

Un billed revenue)

Sundry Debtors forElectricity Tax 23.300 2721.37 2107.33

Less :

23.1.1.1 Provision for withdrawal of 23.800 178.65 710.42

Revenue demand

23.1.1.2 Provision for Doubtful Dues from 23.900 5735.11 5913.76 5567.99 6278.41

consumers (Credit Account)

Net Receivables against Supply of 47605.33 41390.21

Power

23.2 Sundry debtors outstanding for less 17164.12 13208.52

than 6 months & considered good

23.3 Sundry debtors outstanding for more 30441.21 28181.69

than 6 months & considered good

Total 47605.33 41390.21

(Rs. in Lakh)


53

23.1.1 (a) The outstanding balance in Revenue Suspense Account representing collection from consumers pending

allocation for want of details has been shown as deduction from the Sundry Debtors account since this amount is

with the Company.

25.1 Capital Advance

25.1.1 Secured Considered good

25.1.1.1 Advances to Suppliers (considered 25.501 762.14 169.86

good & Fully Secured)

25.1.1.2 Advances to Contractors 26.6 1407.14 2029.38

25.1.2 Un-Secured Considered good 0.00 0.00

Sub-Total 2169.28 2199.24

25.2 Security Deposits

25.2.1 Secured Considered good 0.00 0.00


25.3 Loans and Advances to

related Parties



Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

Particulars Account

Code As at 31.03.2014 As at 31.03.2013 Sl.

No

24.1 Balances with Banks

24.1.1 Collecting Bank Accounts 24.300 352.52 294.21

(Non-Operative)

24.1.2 Disbursement Bank Account

(Operative)

24.1.2.1 State Bank of Mysore 24.401 2.68 2.39

24.1.2.2 State Bank of India 24.402 15.13 0.94

24.1.2.3 Canara Bank 24.404 6.69 5.40

24.1.2.4 Syndicate Bank 24.405 32.10 43.44

24.1.2.5 Vijaya Bank 24.409 459.13 39.94

24.1.2.6 State Bank of Mysore 24.411 45.55 257.76

24.1.2.7 State Bank of India 24.412 10.73 4.53

24.1.2.8 Canara Bank 24.414 179.37 155.81

24.1.2.9 Syndicate Bank 24.415 270.56 418.58

24.1.2.10 Corporation Bank 24.424 219.68 220.78

24.1.2.11 Punjab Sind Bank 24.425 150.52 44.32

24.1.2.12 UCO Bank 24.426 0.55 231.49

24.1.2.13 AXIS Bank 24.427 0.05 0.02

24.1.2.14 Karnataka Bank 24.428 19.68 1.62

24.1.2.15 Indian Bank 24.429 1.02 35.86

Sub-Total 1413.44 1462.88

24.2 Cash on Hand 24.110, 1127.41 478.28

24.210

24.3 Others

24.3.1 Postage stamps on hand 24.120 2.33 2.58

24.3.2 Transfers from Head Office 24.605 0.57 15.48

- In Transit Account

24.4 Fixed deposits in Banks

24.4.1 Margin Money towards L.C. 20.280 250.00 352.49

24.4.2 Un-utilised R-APDRP fund 20.280 0.00 173.07

24.4.3 Un-utilised RGGVY fund 20.280 775.00 1903.61

24.4.4 Others 20.280 3.84 5.00

Sub-Total 1028.84 2434.17

Total 3925.11 4687.60

(Rs. in Lakh)NOTE 24 : CASH AND CASH EQUIVALENTS

NOTE 25 : SHORT TERM LOANS AND ADVANCES (Rs. in Lakh)


54

(Rs. in Lakh)

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

25.4 Other Loans and Advances


25.4.2 Un-Secured Considered good

25.4.2.1 Loans and advances to 0.00 0.00

Staff - Interest bearing

25.4.2.2 Loans and advances to

Staff - Interest Free

25.4.2.2.1 Travel advance 27.202 5.90 6.90

25.4.2.2.2 Festival advance 27.203 55.31 40.69

25.4.2.2.3 Medical advance 27.204 39.81 25.40

25.4.2.2.4 Advances to staff against expenses 27.205 7.44 11.55

25.4.2.2.5 Transformers / meters etc. 27.210 24.61 4.09

issued for repairs to the

Corporation personnel

Sub-Total 133.07 88.63

25.5 Advance paid to Power Company 28.913 33.87 16.01

of Karnataka Limited

25.6 Advance paid to M/s. UPCL 28.957 1163.14 884.93

Total 3499.36 3188.81

25.5 (a) The Revenue expenditure of PCKL is being met out of seed money contributions made to PCKL by the ESCOMs. The

expenditure is being allocated to ESCOMs in terms of MOU entered into between PCKL & ESCOMs. The seed money

contributions made by the Company are accounted under Account Code 28.913 as advance. After adjusting the revenue

expenditure of M/s. PCKL for FY 2007-08 to FY 2013-14, the net balance under account code 28.913 is Rs. 33.87 lakh.

NOTE 26 : OTHER CURRENT ASSETS

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

(Rs. in Lakh)

26.1 Sundry Debtors for 23.400 12503.91 10529.28

Un Billed Revenue

26.2 Sundry Debtors- Trading Account 28.100 239.30 225.23

26.3 Income accrued and due on 28.210 23.16 35.61

Bank Deposits

26.4 Income accrued and due - others 28.290 3.20 0.00

26.5 Recoverable from GOK

26.5.1 Subsidy receivable from GOK 28.626 4142.46 830.97

towards BJ/KJ consumers

26.5.2 Amount receivable from State Govt. 28.627 17274.09 19097.12

towards free supply of power

to IP Sets upto 10 HP

Sub-Total 21416.55 19928.09

26.6 Recoverable from Employees

26.6.1 Amount recoverable from Employees 28.401 30.62 15.39

26.6.2 Amount recoverable from employees 28.409 17.58 4.89

- material related

Sub-Total 48.20 20.28

26.7 Others

26.7.1 Claims for Loss / Damage to 28.749 19.04 7.36

Capital Assets

26.7.2 Amount receivable from 28.801 342.24 81.17

Panchayaths towards energisation

of Rural Water Supply works

26.7.3 Expenses recoverable from 28.810 3.00 0.14

suppliers / contractors


55

(Rs. in Lakh)

(Rs. in Lakh)

Particulars Account

Code As at 31.03.2014 As at 31.03.2013

Sl. No

26.7.4 Prepaid Expenses 28.820 10.81 9.21

26.7.5 Receivable from others 28.898 & 1185.61 1455.40

28.899

26.7.6 Amount receivable from P&G Trust 28.907 74.31 81.67

26.7.7 Advances paid to SLDC towards 28.910 62.94 0.00

UI Charges

26.7.8 Advance paid to KPTCL towards 28.911 0.00 43.86

transmission charges

26.7.9 Advance made to M/s. PCKL 28.915 528.31 30.87

towards short term power purchase

26.7.10 Advance made to M/s. PCKL 28.916 3.33 0.00

towards Non- POC bills

26.7.11 Regulatory Assets - KERC 28.922 20256.00 20256.00

26.7.12 Deposit with Railways 28.933 0.00 5.76

26.7.13 M/s. Kalson Power 41.118 0.00 0.67



26.7.16 M/s. BPCL ( NERIA) 41.124 1.17 0.88

26.7.17 M/s. Maruthi Power Gen(Kabini) Pvt. Ltd. 41.121 0.60 1.16

26.7.18 M/s NTPC VVNL 41.198 0.05 0.05

26.7.19 M/s. Sagar Power (Dandela) Pvt. Ltd 41.203 2.01 1.62

26.7.20 M/s. Soham Mannapitlu Power Pvt. Ltd 41.204 1.41 2.06

26.7.21 M/s. Sagar Power (Neerukatte) Pvt. Ltd 41.205 1.38 1.15

26.7.22 M/s. AMR Power Pvt. Ltd 41.206 0.00 3.93

26.7.23 M/s. SRM Power Pvt. Ltd 41.212 0.00 0.06

26.7.24 Electricity Tax payable to Govt. 46.300 51.07 0.00

(Excess adjusted)

26.7.25 Advance received for sale of 46.922 0.00 0.34

stores scrap

Sub-Total 22543.28 21985.84

Total 56777.60 52724.33

26.4.1(a) The Govt. of Karnataka in its order G.O. No. EN34/PSR 2013 dated 17.05.2013 has waived off the amount receivable

from the BJ/KJ Consumers as on 13.05.2013. Total amount receivable from GoK on account of this is 41.42 Crs. In

above said Order, the balance as on 31.03.2013 amounting to Rs. 38.80 crs is mentioned. However Company has

accounted Rs. 41.42 Crs as receivable from GOK being the balance receivable as on 13.05.2013.

26.6.11 Regulatory Asset:

During the Year 2012-13, Provision for Regulatory Asset/ Truing up subsidy is created to the extent of

Rs. 20256.00 lakh being the excess Power purchase Cost incurred over the approved cost in ARR by KERC for FY

2012-13. The same is continued during the year 2013-14.


56

NOTE : 27 REVENUE FROM OPERATIONS

Particulars Account

Code For the year 2013-14 For the year 2012-13

Sl. No

27.1 Revenue from Operations

27.1.1 Revenue from sale of Power – LT

27.1.1.1 Bhagya jyothi Scheme. 61.101 938.99 811.54

27.1.1.2 Revenue from sale of power 61.402 726.27 720.38

BJ/KJ up to 18 Units

27.1.1.3 Domestic combined lighting, heating 61.110 45747.84 40989.89

and motive power, Private, Professional 61.111

and unaided educational institutions.

27.1.1.4 Commercial and Non-Industrial 61.115 21344.45 19900.84

Lights and Fans.

Particulars Account

Code Sl. No

(Rs. in Lakh)

27.1.1.5 Irrigation Pump Sets (10 HP & below)/ 61.119 36530.57 33568.08

Water Lifting.

27.1.1.6 Irrigation Pump sets 61.120 35.51 42.71

(above 10 HP)/Water Lifting.

27.1.1.7 Water supply-V.P, T.P and Others 61.125 3909.01 3420.92

27.1.1.8 Private Horticultural Nurseries, Coffee, 61.121 217.11 225.92

Tea, Coconut and Areca nut Plantations.

27.1.1.9 Industrial, Non-Industrial, Heating 61.129 7568.37 7332.29 61.133 and Motive Power including Lighting

27.1.1.10 Public Lighting-V.P, T.P and Others 61.140 2843.41 2750.12

27.1.1.11 Temporary Power Supply - 61.145 2213.87 3057.65

Non-commercial lights and fans

and other small appliances.

Sub-Total 122075.40 112820.34

27.1.2 Revenue from Sale of Power – HT

27.1.2.1 Public Water Supply & Sewerage 61.250 3415.57 3297.10

Pumping

27.1.2.2 Industrial, Non-industrial and 61.255 42211.79 36958.22

Commercial purposes & Railway Traction

27.1.2.3 Commercial. 61.256 11871.56 16500.24

27.1.2.4 Hospitals and Educational Institutions 61.257 815.10 0.00

maintained by Govt/ Local bodies

27.1.2.5 Hospitals and Educational 61.258 7024.09 0.00

Institutions maintained by Others

27.1.2.6 Irrigation and Agricultural Farms. 61.260 443.02 283.70

Lift Irrigation Societies, Lift Irrigation

Schemes and Govt.,Horticultural Farms.

27.1.2.7 Private Horticultural Nurseries, 61.261 12.35 8.23

Coffee and Tea Plantations

27.1.2.8 Residential apartments and colonies 61.271 753.19 863.78

availing power supply independently.

27.1.2.9 Revenue from sale of power - 61.290 2079.66 225.09

Temporary power supply

Sub-Total 68626.33 58136.36

Total Revenue from Operations 190701.73 170956.70

27.2 Less: Withdrawal of Revenue Demand

55.32 249.98

Revenue from Operations 190646.41 170706.72

27.3 Other Revenue from Operations

27.3.1 Wheeling charges recoveries 61.800 10.20 1.66

27.3.2 Miscellaneous charges from

Consumers.

27.3.2.1 Reconnection Fee (D & R) 61.902 0.11 0.50

27.3.2.2 Service Connection charges 61.904 726.94 537.96

27.3.2.3 Other Receipts from consumers 61.906 156.37 147.30

27.3.2.4 Amount collected for green tariff 61.907 91.72 96.30

27.3.2.5 Incentives received 62.918 1460.71 1160.60

27.3.2.6 Other income relating to 62.919 1931.47 358.54

purchase of power

Sub- Total 4367.32 2301.20

27.4 Regulatory Assets

27.4.1 Income on account of Regulatory 61.910 0.00 16890.08

Assets/ Truing up Subsidy.

Net Revenue from Operations 195023.93 189899.66


57

83.830,83.831

83.832,83.833

27.5 Total Revenue from sale of energy during 2013-14 includes Rs 12503.91 Lakh in respect of revenue accrued but pending

billing at the year end as against a sum of Rs. 10529.28 Lakh during the previous year.

For the year 2013-14 For the year 2012-13

NOTE: 28 OTHER INCOME

28.1 Interest Income

28.1.1 From Consumers

28.1.1.1 Delayed payment charges from 61.905 3645.34 3382.21

consumers.

28.1.2 From Others

28.1.2.1 Interest on Bank Fixed Deposits 62.222 146.32 91.47

Sub-Total 3791.66 3473.68

28.2 Dividend Income 0.00 0.00

28.3 Net Gain/ Loss on sale of Investments 0.00 0.00

28.4 Other Non-operating Income

28.4.1 Interest on Loans and Advances 62.240 20366.87 78.01

to Licenses

28.4.2 Interest on advance to Suppliers/ 62.260 232.46 32.93

Contractors.

28.4.3 Profit on sale of stores 62.330 14.59 15.04

28.4.4 Sale of scrap 62.340 192.03 225.54

28.4.5 Other Miscellaneous receipts 62.360 9.01 0.75

from Trading

28.4.6 Gain on Sale of Assets 62.400 40.61 119.01

Sub-Total 20855.57 471.28

28.5 Miscellaneous Receipts

28.5.1 Rental from Staff Quarters 62.901 77.56 108.43

28.5.2 Rental from others 62.902 9.57 2.73

28.5.3 Excess found on physical 62.905 10.15 1.44

verification of Materials Stock

28.5.4 Rebate for collection of Electricity Duty 62.916 37.85 30.77

28.5.5 Miscellaneous Recoveries 62.917 632.00 290.14

28.5.6 Interest received from Income 62.920 81.96 16.10

Tax Department

Sub-Total 849.09 449.61

28.6 Income relating to previous years :

28.6.1 Interest income for prior periods 65.400 29.49 0.00

28.6.2 Excess provision for Interest and 65.700 51.20 13.00

Finance Charges in prior periods

28.6.3 Other Excess provision in prior periods 65.800 304.32 753.65

28.6.4 Other Income relating to prior periods 65.900 17.60 492.62

28.6.5 Tariff subsidy relating to prior period 65.910 0.00 1618.00

Sub-Total 402.61 2877.27

Total 25898.93 7271.84

Particulars Account

Code Sl. No

(Rs. in Lakh)


58

27.6 During the Year the amount to be received from the GOK as subsidy towards free power supply to IP set consumers

having connected load of upto and inclusive of 10 HP and free power supply to BJ/KJ consumers with consumption upto

18 units, on actual basis are Rs.35921.00 Lakh and Rs.729.00 lakh respectively. As approved in the KERC Tariff Order, an

amount of Rs. 37741.00 lakh and Rs. 729.00 lakh have been released by GoK for IP Set and BJ/ KJ installations

respectively .

28.1.1.1 Since the arrears in respect of IP set Consumers having connected load upto 10 HP is freezed with effect from

01.08.08, the Company has stopped charging interest on this arrears from the year 2011-12. 28.4.1(a) This interest includes Rs. 20363.00 lakhs being the interest receivables from other ESCOMs on Energy Balancing

dues as on 31.03.2014. 28.7 Electricity Taxes: Out of Electricity Tax of Rs. 7054.00 lakh collected from Consumers and payable to GOK during

FY 2013-14, GOK has adjusted Rs. 3613.00 lakh vide order No. EN 13 PSR 2013/ Bangalore dated 23.12.2013 and

Rs. 3441.00 Lakh vide order No. EN 13 PSR 2013/ Bangalore dated 29.03.2014 against the Tariff Subsidy receivable

from GoK during the year.


NOTE : 29 PURCHASE OF POWER

29.1 Purchase of Power

29.1.1 M/s. KPCL 70.108 54381.27 47996.00

29.1.2 M/s. NTPC RSTPS 70.110 20198.33 16633.92

29.1.3 M/s. Madras Automic Power Station 70.111 226.50 302.17

29.1.4 M/s. Neyveli Lignite Corporation Ltd. 70.112 6775.01 7090.11

29.1.5 M/s NPCIL-Kaiga 70.114 4336.98 3541.25

29.1.6 M/s. Sandur Power Company Ltd. 70.115 3654.87 2964.85

29.1.7 M/s. Sahyadri Power Company Ltd. 70.116 28.75 30.83

29.1.8 M/s. Master Power 70.118 224.69 159.70



29.1.11 M/s. Maruthi Power Gen(I) 70.121 290.79 126.44


Hemavathi Pvt. Ltd.,

29.1.13 M/s. Moodabagil Power Pvt. Ltd. 70.123 38.55 41.40

29.1.14 M/s. Bhoruka power corporation Ltd. 70.124 808.21 646.24

29.1.15 M/s. Mrujara Power Plant 70.126 66.33 54.05

29.1.16 M/s. Rayalseema Alkalies 70.129 0.00 122.77

29.1.17 M/s. Tata Company Limited 70.131 0.00 1343.35

29.1.18 M/s. UPCL 70.132 20120.43 19591.47

29.1.19 Wind Mill Projects 70.140 11475.95 11569.82

29.1.20 M/s. Mysore Paper Mills Ltd. 70.195 65.65 52.09

29.1.21 M/s. Shamili Hydel Power Project 70.202 1019.43 866.84

29.1.22 M/s. Sagar Power (Dandela) Pvt. Ltd. 70.203 678.75 490.43

29.1.23 M/s. Soham Mannapitlu Power Pvt. Ltd. 70.204 1010.20 825.52

29.1.24 M/s. Sagar Power (Neerukatte) Pvt. Ltd. 70.205 661.73 549.42

29.1.25 M/s. AMR Power Pvt. Ltd. 70.206 1899.22 1355.86

29.1.26 KPTCL transmission charges 70.161 18287.37 15888.91

29.1.27 SLDC Charges 70.162 133.06 19.51

29.1.28 PGCIL transmission charges 70.163 3283.83 3103.00

29.1.29 Transmission charges to M/s TNEB 70.164 3.34 12.12

29.1.30 Power purchased from M/s SRM Power 70.212 285.25 115.74

29.1.31 Power purchased from 70.213 30.08 32.83

PGCIL NON POC bill

Sub-Total 152281.73 136966.49

29.2 High Cost Energy Purchased

29.2.1 UI Charges credits received 70.171 -400.96 -677.26

29.2.2 UI charges 70.172 174.84 186.29

29.2.3 Power purchased from JSWPTCL 70.125 0.00 2464.29

29.2.4 Short term power purchased from 70.200 53.01 0.74

IEX / PXI

29.2.5 Power purchased from Non PPA 70.208 198.12 3617.33

Co-generation Units

29.2.6 Power purchased from Peak 70.210 0.00 372.13

Power Purchase

Purchases from others

(Other than Short term Purchases)

29.2.7 JSW power trading Company limited. 70.211 4029.50 8136.83

29.2.8 BMM Ispat Ltd. 70.211 864.12 506.46

29.2.9 National Energy Trading and 70.211 0.00 4133.36

Services limited.

29.2.10 Hare Krishna Metalics & Others 70.211 62.74 48.84

29.2.11 Gujarath Urja Vikas Nigam Ltd. 70.211 0.00 8694.92

Particulars Account

Code Sl. No

(Rs. in Lakh)


59

Kabini Pvt. Ltd.


(Rs. in Lakh)

29.3(a) With effect from 1.4.2013, share of power project capacity allocated to MESCOM has been revised vide GOK notification

No. EN 11 PSR 2013 dated 22.03.2013. Power Purchase Cost is being accounted for and paid as per the above share

which is readjusted at the end of the year based upon actual drawal of energy for the year. 29.3(b) MESCOM is arranging payment to the power suppliers based on the notional share basis fixed and notified by the Govt.

of Karnataka from time to time. Based on the energy balancing report furnished by LDC for the year from 2008-09 to

2012-13, the results have been incorporated in the books of account of MESCOM as and when informed. The Energy

Balancing results for the year 2013-14 are provisional, which are accounted based on joint reconciliation carried out by

all the ESCOMs at LDC.

NOTE : 30 EMPLOYEE COSTS

30.1 Salaries and Wages

30.1.1 Salaries 75.100 12043.12 12377.07

30.1.2 Over Time 75.200 260.36 315.04

30.1.3 Dearness Allowance 75.300 1781.55 605.47

30.1.4 Other Allowances 75.400 1322.56 1269.81

30.1.5 Bonus 75.500 138.20 144.09

30.1.6 Medical Expenses reimbursement 75.611 161.97 139.57

30.1.7 Leave travel assistance 75.612 0.11 0.03

30.1.8 Earned leave encashment 75.617 1043.38 881.53

30.1.9 Earned leave encashment to 75.618 354.28 354.26

retired employees

30.1.10 Payment under Workmen's 75.629 0.00 14.11

Compensation Act

30.1.11 Payment to helpers/employees 75.630 36.20 37.26

of Monsoon gang

30.1.12 Pension & Leave contribution of 75.890 23.83 22.78

employees on deputation

Sub-Total 17165.56 16161.02

Particulars Account

Code Sl. No

(Rs. in Lakh)

Particulars Account

Code Sl. No

29.2.12 PTCIL (Vijayanagar Sugar & 70.211 0.00 158.76

Satavahana ispat)

29.2.13 Satavahana Ispat 70.211 0.00 13.13

29.2.14 Vijayanagara Sugars 70.211 140.43 4.75

29.2.15 NSL Sugars Ltd. 70.211 425.40 78.21

29.2.16 M/s Global Energy 70.211 504.10 0.00

29.2.17 M/s TATA PTCPL 70.211 397.87 0.00

29.2.18 M/s Sathish Shugars 70.211 142.59 0.00

29.2.19 M/s Reliance Energy 70.211 608.29 0.00

29.2.20 M/s Dhruvadesh Meta Steel 70.211 72.52 0.00

29.2.21 M/s PTCIL 70.211 679.80 0.00

29.2.22 Inter ESCOM Short/ Medium Term 70.211 3174.00 0.00

Power Transactions

29.2.23 M/s. Kundanlkulam – Non POC charges 70.214 226.93 0.00

29.2.24 M/s.Welspun Solar – Non POC charges 70.215 371.14 0.00

Sub-Total 11724.44 27738.78

29.3 Power Purchase cost accounted 70.209 2882.00 -10962.40

on basis of energy balancing

TOTAL 166888.17 153742.87


60



(Rs. in Lakh)

Particulars Account

Code Sl. No

30.2 Contribution to Provident and

Other Funds

30.2.1 Terminal benefits (PF) 75.810 30.60 175.93

Corporation Contribution

30.2.2 Terminal benefits (Pension) 75.830 3683.53 3155.95

Corporation Contribution

30.2.3 Terminal Benefits Company 75.831 399.16 343.83

contribution to Contributory pension

scheme with effect from 01.04.06

30.2.4 Terminal Benefits (Gratuity) 75.840 499.61 581.69

Sub-Total 4612.90 4257.40

30.3 Expenses on ESOP and ESPP

30.4 Staff Welfare expenses 505.18 436.4675.860, 75.880

Total 22283.64 20854.88

30.5 Employee Benefits:

30.5.1 Short Term Employee Benefits:

30.5.1.1 Short Term Employee Benefits are recognized as an expense in the profit and loss Statement for the year in which

related services are rendered.

30.2.5 Post Employment Benefits:

30.5.2.1 The Company makes contribution for Pension and Gratuity to KPTCL/ESCOM’s Pension and Gratuity Trust. The same

becomes a Multi-Employer Defined Benefit Plan. For employees who have joined the Company on or after 1.4.2006, the

pension plan is Multi-Employer Defined Contribution Plan.

NOTE : 31 - FINANCIAL COSTS- INTEREST AND OTHER BANK CHARGES (NET)

Particulars Account

Code Sl. No

(Rs. in Lakh)

31.1 Interest Expenses

31.1.1 Interest on Consumers

Security Deposits

31.1.1.1 Interest on ISD, ASD & MSD 78.600 2973.59 3026.62

31.1.2 Interest on power purchase dues

31.1.2.1 M/s KPCL 80.108 8981.19 9066.38

31.1.2.2 M/s JSW Energy Ltd 80.125 0.00 574.00

31.1.2.3 M/s PTCIL 80.199 292.90 0.00

31.1.2.4 M/s NET & S ltd 80.201 48.55 0.00

31.1.2.5 M/s Soham Mannapitlu 80.204 0.00 0.62

31.1.3 Interest on Loans

31.1.3.1 Interest on GOK Loans

31.1.3.1.1 Interest on Central Govt. Loan 78.101 7.68 9.30

towards Power Sector Automation

31.1.3.1.2 Interest on PMGY Loan 78.573 10.93 12.25

31.1.3.1.3 Interest on GOK Loan for 78.580 3.96 5.28

energization of IP sets

under GK Scheme

Sub- Total 22.57 26.83

31.1.3.2 Interest on REC loans

31.1.3.2.1 Interest on Loan from REC 78.540 54.22 78.01

31.1.3.2.2 Interest on loan drawn by MESCOM 78.591 17.07 14.17

from REC– APDRP works


from REC – General


61

75.7,75.845,



(Rs. in Lakh)


from REC – RGGVY Works

31.1.3.2.5 Interest on Bulk loan from Rural 78.597 55.16 00.00

Electrification Corporation

Sub- Total 315.08 240.92

31.1.3.3 Interest on PFC loans

31.1.3.3.1 Interest on loan drawn from PFC for 78.594 42.31 41.63

implementation of RAPDRP works

31.1.3.4 78.560 5255.44 5204.86

Total Interest on Loans 5635.40 5514.24

31.2 Other Borrowing Costs

31.2.1 Other Interest and Finance Charges 78.800 333.42 284.85

31.3 Applicable Net gain or loss on 0.00 0.00

Foreign Currency Transactions

31.4 Other Interest Charges

31.4.1 Interest on Income Tax 0.00 0.00

Gross Finance Costs 18265.05 18466.71

31.5 Less : Interest and finance charges capitalised

31.5.1 Capitalisation of interest on funds 78.900 251.21 206.67 used during construction

TOTAL 18013.84 18260.04

31.6 Interest accrued but not due for the financial year 2013-14 in respect of long-term borrowing assigned by KPTCL to the

extent of Rs 1.37 lakh has been provided for as per KPTCL letter No. FA (A & R)/ KCO 24/51570/2013-14 dated

11.04.2014.

NOTE :32 DEPRECIATION AND AMORTIZATION EXPENSES (NET)

Particulars Account

Code Sl. No

(Rs. in Lakh)

32.1 Depreciation on Fixed Assets

32.1.1 Depreciation on Lease hold Assets 77.110 0.37 0.42

32.1.2 Depreciation on Buildings 77.120 90.70 78.34

32.1.3 Depreciation on Hydraulic Works 77.130 15.25 10.45

32.1.4 Depreciation on Civil Works 77.140 1.51 1.51

32.1.5 Depreciation on Plant and Machinery 77.150 1375.46 1175.79

32.1.6 Depreciation on lines, cable, 77.160 5755.63 5287.56

network etc.,

32.1.7 Depreciation on Vehicles 77.170 4.81 5.44

32.1.8 Depreciation on furniture, fixtures 77.180 13.93 12.48

32.1.9 Depreciation on Office equipments 77.190 2.53 2.45

Sub-Total 7260.19 6574.44

32.1.10 Depreciation withdrawn on Assets -1865.37 -1692.05

Created out of Govt. grants /

Consumers Contributions

Total 5394.82 4882.39

32.1.11 Add : Depreciation under provided 83.6 78.96 216.80

in previous years.

32.1.12 Less : Excess provision for 65.6 1.94 13.89

Depreciation in prior periods

Deprecition on Fixed Assets 5471.84 5085.30

Particulars Account

Code Sl. No


62

Interest on Loan from Commercial Banks



Particulars Account

Code Sl. No

(Rs. in Lakh)

32.2 Depreciation on Released Assets

32.2.1 Depreciation on Released Good 77.151 24.80 22.90

Asset- Plant and Machinery

32.2.2 Depriciation on Released Good 77.161 1.37 1.44

Asset - lines. Cable, network etc

32.2.3 Depreciation on Released Good 77.191 0.00 0.00

Asset- Office equipments

Sub-Total 26.17 24.34

Depreciation (Net) 5498.01 5109.64

NOTE : 33 OTHER EXPENSES

Particulars Account

Code Sl. No

(Rs. in Lakh)

33.1 Repairs

33.1.1 Buildings 74.200 6.23 34.39

33.1.2 Plant and Machinery 74.100 694.88 545.80

33.1.3 Lines, Cable Net Work Etc. 74.500 1261.65 872.12

33.1.4 Civil Works 74.300 16.20 26.29

33.1.5 Vehicles 74.600 17.31 21.01

33.1.6 Furniture and Fixtures 74.700 1.44 1.02

33.1.7 Office Equipments. 74.800 12.88 11.04

Sub-Total 2010.59 1511.67

33.2 Power and Fuel

33.2.1 Electricity Charges 76.158 124.01 121.98

33.2.2 Fuel expenses for generators 76.161 1.67 0.68

Sub- Total 125.68 122.66

33.3 Rent

33.3.1 Rent (including lease rentals) 76.101 179.87 163.73

Sub- Total 179.87 163.73

33.4 Insurance

33.4.1 Insurance on Fixed assets 0.00 0.00

33.5 Rates and Taxes excluding 76.102 19.73 10.71

Taxes on Income

33.6 Miscellaneous Expenses

33.6.1 Payment to Auditors

33.6.1.1 Payment to statutory Auditors

33.6.1.1.1 As Auditor 76.122 2.00 1.10

33.6.1.1.2 Taxation Matter 76.122 0.50 0.40

33.6.1.1.3 Reimbursement of Expenses 76.125 0.32 0.33

33.6.1.2 Payment to Cost Auditors

33.6.1.2.1 As Auditor 76.122 0.75 0.50

33.6.1.2.2 Taxation Matter 0.00 0.00

33.6.1.2.3 Reimbursement of Expenses 0.00 0.00

Total Payment to Auditors 3.57 2.33

33.7 Other A&G Expenses

33.7.1 Service Tax payment to service provider 76.107 73.20 34.47

33.7.2 Service Tax payment to central 76.108 163.53 61.57

excise customs & service Tax Dept.

33.7.3 Pagers cellular phones E.mail & 76.111 5.80 1.80

other communication charges

33.7.4 Telephone, Trunk call, Telegrams 76.112 63.35 60.51

and Telex Charges

33.7.5 Mobile Phone Charges 76.114 36.35 39.96

33.7.6 Postage 76.113 21.73 17.30

33.7.7 Revenue Reciepts Stamps 76.115 0.00 0.00


63



(Rs. in Lakh)

33.7.8 Legal Charges 76.121 31.33 8.04

33.7.9 Consultancy charges 76.123 10.01 2.88

33.7.10 Other Professional charges 76.125 6.36 3.70

33.7.11 Technical Fees 76.124 0.10 0.00

33.7.12 Remuneration to Contract Agencies for 76.126 410.65 425.71

33.7.13 Remuneration Private Contractor 76.127 120.94 103.63

engaged for shift and minor

maintenance duties of stations/MUSS

33.7.14 Remuneration paid to Chartered 76.128 4.31 7.68

Accountants for auditing cash &

Revenue Accounts

33.7.15 Remuneration paid Contract 76.129 1736.71 1160.27

Agencies/ Services obtained

33.7.16 Remuneration paid to Grama 76.130 56.23 46.62

Vidhyuth Prathinidhis

33.7.17 Conveyance expenses 76.131 0.29 0.32

33.7.18 Travelling expenses 76.132 8.54 2.53

33.7.19 Travelling allowance to employees 76.133 375.84 340.05

33.7.20 Travelling Allowance to Contract 76.134 0.33 0.10

Employees

33.7.21 Vehicle hiring expenses for vehicles 76.135 200.10 156.58

hired to stations

33.7.22 Vehicle running expenses other 76.136 102.72 99.97

than store vehicles

33.7.23 Vehicle hiring expenses 76.137 318.55 248.89

33.7.24 Vehicle License, Registration fee 76.138 10.22 9.30

and Taxes

33.7.25 Shared expenses of MESCOM 76.141 122.76 87.95

33.7.26 Fees & Subscriptions 76.151 64.16 54.71

33.7.27 Books, periodicals and dairies 76.152 1.41 2.03

33.7.28 Printing & Stationery 76.153 89.02 62.18

33.7.29 Factory License Fees 76.154 10.00 10.00

33.7.30 Advertisement Expenses 76.155 38.76 25.63

33.7.31 Computer stationery and floppies 76.156 6.86 6.40

33.7.32 Contributions 76.157 45.78 101.00

33.7.33 Statutory payments as per 76.159 0.07 2.10

Companies Act, 1956

33.7.34 Water Charges 76.160 9.71 4.89

33.7.35 Entertainment 76.162 0.12 0.04

33.7.36 Secret service grant 76.164 0.60 0.60

33.7.37 Miscellaneous expenses 76.190 103.80 99.39

33.7.38 Compliment Expenses 76.191 0.01 0.00

33.7.39 Consumer Relation/ Education 76.196 23.20 4.23

33.7.40 Material related expenses 76.2 53.34 47.51

Sub- Total 4326.79 3340.54

Total A&G Expenses 4655.64 3639.97

33.7.41 Administration & General Expenses 76.900 0.00 -0.25

charged to capital works

Net A&G Expenses 4655.64 3639.72

33.8 Other Debits

33.8.1 Asset Decommissioning Costs 77.500 7.44 6.69

33.8.2 Small & Low value items Written off 77.610 4.79 6.26

33.8.3 Losses relating to Fixed Assets 77.700 55.40 70.02

33.8.4 Incentive for prompt payments 79.120 2.66 0.00

33.8.5 Bad & Doubtful Debts Written off / 79.400 179.91 275.54

provided for

33.8.6 Miscellaneous losses and Write offs 79.500 1087.94 39.77

Sub Total 1338.14 398.28

Particulars Account

Code Sl. No


64

opening & maintenece of ledger Accounts

with PCKL

(credit Account)


Particulars Account

Code Sl. No

(Rs. in Lakh)

33.9 Prior Period Expenses / losses :

33.9.1 Operating Expenses of previous years. 83.300 2.70 0.77

33.9.2 Employee costs relating to 83.500 19.44 28.73

previous years

33.9.3 Interest and other Finance charges 83.700 5.76 0.16

relating to previous years

33.9.4 Short Provision for Income 83.810 49.02 0.03

tax - previous years

33.9.5 Administrative Expenses - 83.820 4.38 2.26

previous years.

33.9.6 Other Expenses relating to prior periods 83.850 109.65 33.58

33.9.7 Prior Period Expenses relating to 83.860 23.71 0.00

purchase of power

Sub-Total 214.66 65.53

Total 8219.03 5615.20


65

NOTE : 34 EXCEPTIONAL ITEMS

Particulars Account

Code Sl. No

(Rs. in Lakh)

(Rs. in Lakh)

34.1 Depreciation written back 62.917 0.00 7006.40

Total 0.00 7006.40

NOTE : 35 MAT CREDIT ENTITLEMENT

Particulars Account

Code Sl. No

35.1 Income on account of MAT 62.922 47.28 836.83

credit Entitlement

Total 47.28 836.83

36 Disclosures required by Accounting Standards:

36.1 Segment Reporting:

36.1.1 Business Segment:

36.1.1.1 Electricity distribution is the principal business activity of the Company. There are no other activities which form a reportable segment as per the Accounting Standard – 17 ‘Segment Reporting’.

36.1.2 Secondary Segment:

36.1.2.1 The operations of the Company are mainly carried out within the four districts of Karnataka State namely, Dakshina Kannada, Udupi, Chickmagalur and Shimoga. Therefore geographical segments are not applicable.

36.2 Disclosure of transactions with Related Parties as required by the Accounting Standard – 18

36.2.1 In view of paragraph 9 of AS 18, no disclosure is required as regards related party relationships with other state-controlled enterprises and transactions with such enterprises.

Other disclosures as required under AS 18 are as given below:

36.2.2 Managerial Remuneration paid / payable for the financial year 2013-14 to the Directors are as follows:

Particulars Current Year 2013-14 Previous Year 2012-13

Whole Time Directors:

Salary and Allowances 25.48 24.87

Ex-gratia 0.02 0.06

Medical Expenses 0.22 0.63

Travelling Expenses 6.89 4.04

Part Time Directors:

Travelling Expenses 0.00 0.00

Sitting Fees 0.36 0.26

Total 32.97 29.86

(Rs. in Lakh)




36.3 Earnings Per Share

Particulars 2013-14 2012-13

Profit after tax as per Accounts (For Basic and 20.17 1259.44

Diluted Earnings Per Share) – (A) (Rs. in Lakhs)

Weighted Average number of shares outstanding 192097628 172174210

during the year for Basic and Diluted EPS – (B)

Basic and Diluted Earnings per Share(A/B) (in Rs.) 0.01 0.73

36.4 Taxation:

36.4.1 Current Taxation:

36.4.1.1 The provision for Minimum Alternate Tax (MAT) under Section 115 JB of Income Tax Act 1961 has been created in the Accounts.

36.4.2 Deferred Taxation:

36.4.2.1 The Company has not recognized Deferred Tax Asset / Deferred Tax Liabilities since there is no such requirement under ESAAR, 1985.

36.5 Estimated amount of capital works remaining to be executed as on 31.03.2014 in respect of Projects amounts to Rs. 6554.31 Lakh.

36.6 The details of amount outstanding to Small and Medium Enterprises based on available information with the Company is as under:


66

Particulars As at 31st March 2014 As at 31st March 2013

Principal amount due and remaining unpaid - -

Interest due on above and the unpaid interest - -

Interest paid - -

- -

Interest due and payable for the period of the delay - -

Interest accrued and remaining unpaid - -

Amount of further interest remaining due and

payable in succeeding Years - -

37 Others:

37.1 The details of energy purchase, sale of energy and distribution losses during the year 2013-14 are as follows:

Particulars Units For the year 2013-14 For the year 2012-13

Energy purchased at Generation point Mus 4674.62 4694.43

Energy Balancing Adjustments Mus 72.77 -221.14

Net energy Mus 4747.39 4473.29

Energy at interface point Mus 4584.63 4280.45

Energy Sales Mus 4037.56 3771.88

Distribution Loss Mus 547.07 508.57

Percentage of Distribution Loss % 11.93 11.88

37.2 Considering the financial implications involved, insurance on fixed assets or current assets has not been made as it is

not economical.

37.3 The title deeds of properties transferred from KPTCL are completely transferred in the name of Company.

38 Contingent Liabilities:

38.1 The Company was subjected to EPF Inspection during the year 2006-07 and thereby a demand of Rs 4.44 Crores was

raised on the Company towards the dues for EPF of Contract Employees. The Company has disputed the same in

view of the error in calculation of demand and also with regard to applicability of the regulations to contractors’

employees. A deposit of Rs 1.77 Crores has already been made with the EPF department and the case has been

remanded to PF Office Mangalore for hearing once again in the year 2011-12. Details along with the contention of the

Company are submitted to APFC Mangalore on 10.03.2014. The Company is hopeful of a positive outcome on the said

issue. No provision has been made in the accounts for the disputed demand.

38.2 The Regional Provident Fund Commissioner, Mangalore has issued notice to the O&M Division Puttur for payment of

interest and damages for the belated remittances under Section 7Q and 14B of the Employees' Provident Fund and

Miscellaneous Provision Act, 1952. The total amount of interest & damages payable are Rs. 6436970 and Rs. 8343738

respectively. The Company has deposited Rs. 6436970 on 06.03.2013 and Rs. 8343738 on 12.06.2013 under protest.

Action has been taken to file an appeal before the Employees' Provident fund Apellate Tribunal at New Delhi. Hence no

provision is made in the Accounts.

Payment made beyond the appointed day during the year

There may be contingent liability for the said amount if the cases are not decided in favour of MESCOM.

38.6 UPCL: Based on CERC final tariff order dated 20.02.2014, M/s UPCL have made claims of Rs. 105.21 Crs towards

difference in tariff for the period from Nov-10 to Jan-14. Aggrieved by the said order, PCKL and ESCOMs have filed

Appeal No. 108/2014 before Hon’ ble APTEL.

As per APTEL interim order dated 03.06.2014, the difference in tariff as per CERC order dated 20.02.2014 is payable

from 01.02.2013 and for the earlier period from 11.11.2010 to 31.01.2013 it will be subject to the outcome of the appeal.

Therefore, the difference in billing for the period from Feb-13 to Mar-14 amounting to Rs. 21.79 Crs has been accounted

in FY 14.

As the appeal is pending before Hon’ ble APTEL, the same provision of Rs. 42.00 Crs for the period from 11.11.2010 to

31.01.2013 made in FY 13 is being continued in FY 14 also.

38.7 GoK vide order dated 30.12.2008 & 01.01.2009 have invoked Section 11(1) of EA 2003, for the supply of energy from

Jan – 09 to May – 09 at the tariff rate of Rs. 5.50/Kwh. Against the said order GMR Ltd., has filed petition bearing No. OP

47/2011 praying for offsetting of the stated adverse financial impact to them. The KERC on the said petition has passed

order by majority decision to pay Rs. 6.90/KWh.

Against the said order, MESCOM as well as M/s. GMR Energy Ltd., have filed two separate appeals bearing No.

303/2013 & 37/2013 before APTEL. While upholding the appeal of GMR in part by allowing 12% interest for the dues by

considering the tariff fixed by KERC, APTEL dismissed the Appeal No. 303/2013. MESCOM has taken action to file

second appeal before Hon’ ble Supreme Court of India and the amount involved in the issue is Rs. 4.90 Crs (Principal

Rs. 4.26 Cr + interest Rs. 0.64 Crs).

38.8 MESCOM has proceeded to file a second appeal before the Hon’ble Supreme Court of India, on the dismissal order

passed by Hon’ble APTEL in Appeal No. 330/2013 filed by MESCOM on 02.05.2014, in respect of reimbursement claim

of Rs. 16.30 Crs of MAT paid during 2006-07 to 2009-10 by M/s TATA Power Ltd.,

38.9 In the case of petition filed by M/s Himatsingka Seide Ltd., and M/s J.K Cements in OP 40/2010 & OP 41/2010, before

KERC praying for offsetting of the adverse financial impact suffered by them due to energy supplied under Section-

11(1) of EA 2003 during the period Apr-10 to Jun-10 as per G.O dated 03.04.2010, Hon’ ble KERC vide order dated

14.02.2013 allowed the tariff of Rs. 5.72/Kwh in place of the tariff of Rs. 5.00/Kwh approved by KERC vide common

Particulars No. of pending cases

Revenue 25 112.15

Labour 38 149.03

Miscellaneous 217 449.81

Total 280 710.99


67

In Chikmagalur Division, Company has deposited damages and interest of Rs. 74,99,653.00 and Rs.65,40,760.00

respectively under protest on 30.01.2014. Appeal has been filed before the Employees' Provident fund Apellate

Tribunal at New Delhi vide Appeal No. 630(6)/2013 . Hence no provision is made in the Accounts.

In Kadur Division, Company has deposited damages and interest of Rs. 11,05,063.00 and Rs.5,99,890.00 respectively

under protest on 12.02.2014. Appeal has been filed before the Employees' Provident fund Apellate Tribunal at New

Delhi. Hence no provision is made in the Accounts.

In Mangalore Division, the Regional P.F commissioner has issued notice on 17.12.2013 for payment of a sum of

Rs. 83,25,618/- as interest for delay under section 7Q and also Rs. 1,06,95,493/- as damages under Section 14B. Out of

this, interest of Rs. 83,25,618/- was paid by the Company on 12.05.2014 under protest. Action is taken to file an appeal

before the Employees' Provident fund Apellate Tribunal at New Delhi. Hence no provision is made in the Accounts.

38.3 The appeal No. ITA/1118/Bang/09 AY 2006-07 preferred by MESCOM against the order CIT(A) Mangalore in respect of

disallowance of 80 IA claim of MESCOM relating to AY 2006-07 is disposed by the Hon'ble ITAT Bangalore on

31.10.2012 stating that the appeal of the Company is partly allowed for statistical purpose. The Assessing Officer is yet

to pass the order giving effect to the order of ITAT. As the major claim of disallowance of 80IA was not considered by the

ITAT, an appeal has been preferred before the Hon'ble High Court of Karnataka at Bangalore. The case is not yet come

for hearing as on date. The entire demand pertaining to the Assessment Year 2006-07 has been paid and treated as

deposit in view of the pending appeal for disposal before the Hon'ble High Court of Karnataka.

38.4 The Commissioner of Central Excise and Service tax, Mangalore has passed two orders bearing No. C.No.

IV/09/114/2010 Hqrs. Adjn 1/2295 on 28.01.2011 and order No. IV/09/114/2010/Hqrs Adj(1)/17109 dated 26.10.2010

for Rs. 6,37,250/- and for Rs. 85,53,406/- which includes service tax of Rs. 3,18,625/- and Rs. 42,76,703/- respectively

and penalty of Rs. 3,18,625/- u/s. 76 and penalty of Rs. 42,76,703/- u/s. 78 respectively excluding penalty u/s. 77 and

rule 7(c). Further interest amount u/s. 75 has not been quantified. These orders have been passed in respect of

service tax on Goods transport Agency Service since 2005 being not paid to the Department. The Company has got

stay against the demand raised by the department from CESTAT Bangalore. The case is not come up for hearing so far.

38.5 The table given below indicates the number of pending cases before various authorities and courts as on 31.03.2014

and corresponding amount involved in it.

Amount involved in lakh Rupees.

order dated 24.03.2011. Against the said KERC order, PCKL & ESCOMs have filed Appeal in DFR No. 279/2014 and IA

124/2014 for condonation of delay. Hon’ble APTEL has dismissed the application vide order dated 29.05.2014 and

consequently appeal is also dismissed. However, petition is filed by PCKL & ESCOMS before APTEL for review of order

dated 29.05.2014 which is pending for adjudication. Amount involved is Rs. 15.85 Lakhs.

38.10 MESCOM had filed petition OP 37/2012 before KERC challenging the termination notice dated 22.07.2011 issued by

M/s AMR Power Pvt. Ltd. Hon’ ble KERC vide order dated 14.08.2013 dismissed the petition and held that the

termination of the PPA dated 02.08.2006 effected by M/s AMR Power Pvt. Ltd., on 22.07.2011 is legal and valid.

MESCOM has filed Appeal No. 275/2013 before APTEL challenging the KERC order dated 14.08.2013 which is

pending for disposal. Meanwhile M/s AMR Power Pvt. Ltd., have filed in IA 49/2014 praying for interim direction to allow

them to bank & wheel the energy pumped from Jun-13 or in the alternative to direct MESCOM to pay for the energy

pumped from June-13 at Rs. 5.50/KWh. Hon’ble APTEL vide interim order dated 27.03.2014 directed MESCOM to

execute wheeling & banking agreement which should not be given effect to till the final disposal of the Appeal.

Accordingly, the wheeling & banking agreement is executed on 06.05.2014.

As MESCOM has challenged the KERC order holding the termination of PPA was valid, MESCOM has been paying to

the generator at the PPA rate of Rs. 2.80/unit. The claim involved in this case as per M/s AMR Power Pvt. Ltd., is

Rs. 18.38 Crs for the period Jun-13 to Mar-14.

38.11 M/s NLC Ltd., have claimed surcharge of Rs. 12.70 Crs up to Mar-14 but, it has not been accounted by MESCOM.

38.12 KPTCL had raised a demand at 26.23 paise per unit for the transmission of electricity for the year 2006-07 against which

the company has admitted the bills at 19.42 paise per unit as per KERC order. However, KPTCL has appealed against

the order of KERC with Appellate Tribunal for Electricity, New Delhi. The ATE has passed an order requiring KERC to

carry out certain modification in its transmission tariff. The KERC preferred an appeal against the order of ATE at

Hon’ble Supreme Court, New Delhi. The appeal is pending for disposal before the Hon’ble Supreme Court. MESCOM

may contingently be liable for an amount of Rs. 19.74 Crs. if orders are passed in favour of KPTCL.

38.13 KPTCL vide letter No FA(A&R)/C(AP&A)/DC(A&C)/AAO1/Cys-104 dated 15.3.2007 has comunicated to MESCOM to

create Regulatory Assets & Regulatory Liabilities for additional fixed cost paid by KPTCL to M/s Tannir Bhavi Power

Company Ltd. based on the order of ATE in which the appeal of KPTCL was allowed for passing the cost on

Consumers. The order of the ATE has been contested by FKCCI and KERC before the Hon'ble Supreme Court of India

and the same is pending. MESCOM may contingently be liable to pay a sum of Rs. 45.38 Crs. of principle and

Rs. 1.22 Crs as interest to KPTCL by collection through tariff from consumers based upon the finalization of issue by

Hon'ble KERC.

38.14 In accordance with the provisions of Section 185 (2)(d) of the Electricity Act, 2003, all rules made under sub-section (1)

of section 69 of the repealed Electricity (Supply) Act, 1948 shall continue to have effect until such rules are rescinded or

modified. Accordingly, the accounting system is based on the rules laid down under the Electricity (Supply) Act, 1948,

since the modified rules have not yet been notified under the Electricity Act, 2003.

39 The Balances in respect of Sundry Debtors, Sundry Creditors, Loans, Advances to Supplies and other borrowings are

subject to confirmation and other reconciliation if any.

40 The Energy Balancing dues between the ESCOMs as on 31.03.2013 were reconciled during the Financial year 12-13.

Other balance with KPTCL and Other ESCOM’s are subject to confirmation and reconciliation. The reconciliation is

under process.

41 The previous figures have been regrouped/ reclassified, wherever necessary to conform to the current year

presentation.

42 The companies Accounts that are approved by the Board on 19.07.2014 have been revised in the light of observations

made by the Comptroller and Auditor General of India. The said revision has resulted in decrease in net profits by

Rs. 5.22 crores. The reserves and surplus has decreased by Rs. 5.22 crores; Other Long Term liabilities increased by

Rs. 5.17 Crores; Trade payables increased by Rs.0.19 crores, Other current liabilities increased by Rs.0.30 crores,

Tangible Assets increased by Rs. 0.48 Crores; Capital work in progress decreased by Rs. 0.13 Crores; Trade

receivables increased by Rs. 0.09 Crores. The total assets and liabilities have been increased by Rs. 0.44 crores.


68


Financial Advisor


Managing Director


In terms of our Report of even datefor RODRIGUES & D'SOUZA

Chartered AccountantsFirm Reg. No: 003284 S



Place : MangaloreDate : 12/09/2014


69

Particulars Account

Code Budget

Allocation

Sl. No

1

a. DTC Metering 14.152 2.02 2.02

b. Replacement of Electro- Mechanical 14.153 208.05 18.63 189.42

Meters by Static Meters

c. Auto-recloser & Sectionliser 14.156 0.00

d. RLMS Works 14.157 -21.95 -21.95

e. Link lines, Re-conductering of HT,LT & 14.167 2198.76 6.57 2192.19

33 KV lines

f. Installation of Additional Transformers 14.168 2567.54 6.12 2561.42

g. Universal Metering 14.351,14.361 10.55 10.55

14.401

h. Improvement- Others 14.150,14.160 414.38 1.01 413.37

i. Tackling of High Loss High consumption 14.169 682.12 8.36 673.76

Feeders & HVDS

Sub-Total 7306.87 6061.47 40.69 6020.78

2. APDRP Works 14.143 0.00

3. R- APDRP Works 14.144 3193.37 1046.00 1046.00

4. Replacement of faulty distribution 14.170 2386.57 1408.92 977.65

transformers by similar capacities

Replacement of faulty distribution 14.171 51.81 16.14 35.67

transformers by higher capacities

5. Service Connection including

promotor vanished layout works

a. Service Connection 14.400 1627.35 30.35 1597.00

b. CWIP-Energisation of Rural Water 14.404 1714.21 4.97 1709.24

Supply Works under RD & PR.

c. Promotor vanished layout works 14.142 92.86 0.09 92.77

Sub Total (a+b) 3045.00 3434.42 35.41 3399.01

6. Rural Electrication (General)

a. RGGVY 14.210 5600.00 834.86 834.86

b. 14.302,14.300 200.00 71.90 71.90

14.200,14.303

c. Energisation of IP sets (incl. providing 14.320,14.326 378.25 4.46 373.79

infrastructure for regularization of 14.220,14.325

un-authorised IP sets)

d. CWIP – Regularization of un-authorised 14.324 2189.38 31.87 2157.51

I.P sets registered on or before 31.07.11

e. Energisation of IP sets - OYT 14.327 0.15 0.15

f. Kutir Jyothi 14.350,14.360 50.00 8.78 0.05 8.73

g. Naksal Package 14.371 17.64 17.64

Sub Total (a+b+c+d+e) 9240.81 3500.96 36.38 3464.58

7. Tribal Sub-Plan

a. Electrification of Tribal Colonies / 14.340,14.341 60.00 12.82 0.36 12.46

Janatha Colonies

b. Energisation of IP sets 14.328 37.50 0.85 0.02 0.83

c. Kutir Jyothi 14.362 2.50 0.07 0.07

Sub Total (a+b+c) 100.00 13.74 0.38 13.36

8. Special Component Plan

a. Electrification of S.C. Colonies/Janatha 14.342 100.00 18.13 18.13

Colonies

b. Energisation of IP sets 14.329 150.00 36.14 0.05 36.09

c. Kutir Jyothi 14.363 10.00 1.08 0.06 1.02

Sub Total (a+b+c) 260.00 55.35 0.11 55.24

Statement showing sector wise capital expenditure with and without released assets issued to capital works for 2013-14

(Rs. in Lakh)

Cost during the year

Released Assets issued

to capital works

Net Capital Expenditure

Electrification of Hamlets/Janatha Colonies

System Augmentation & Strengthening

7306.87

2000.00

3045.00

3390.81


70

9 Tools & Plants & Computers 14.600,14.700 200.00 194.09 194.09

14.800

10 Civil Engineering Works 14.502 1300.00 468.03 468.03

11 Construction of new sub stations & 14.110, 14.120 1563.95 1236.50 1236.50

lines (33KV)

12 Energisation of IP sets under Ganga

Kalyana

IP sets of SC Beneficiaries 14.331 386.15 5.94 380.21

IP sets of ST Beneficiaries 14.332 88.82 0.07 88.75

IP sets of BCM Beneficiaries 14.333 277.51 5.19 272.32

IP sets of Minority Beneficiaries 14.334 115.10 1.20 113.90

GRAND TOTAL 28210.00 19316.52 1550.43 17765.94

Particulars Account

Code Budget

Allocation

Sl. No

(Rs. in Lakh)

Cost during the year

Released Assets issued

to capital works

Net Capital Expenditure

STATEMENT SHOWING CAPITAL WORKS IN PROGRESS FOR THE YEAR 2013-14

Description Account

Code

(Rs. in Lakh)

O.B. As on 01.04.2013

Incurred Categorised C.B. As on 31.03.2014

14.110 CWIP - Transmission lines (G.P) 0.00 73.52 0.97 72.55

14.120 CWIP - Step Down Stations (GP) 421.25 1100.07 160.80 1360.52

14.126 CWIP - Step Down Stations - non plan 0.00 0.00 0.00 0.00

14.142 CWIP - Promoter vanished layouts - 11KV lines, 23.21 93.29 93.74 22.76

Transformers, LT lines/ S.C etc., (G.P)

14.144 CWIP - 11KV & below Distribution works under 122.42 1046.00 547.56 620.86

RAPDRP works

14.150 CWIP - Transmission lines - Transformers etc., 198.98 716.40 676.85 238.53

Improvements (GP)

14.152 CWIP-Improvements - DTC Metering 0.06 2.02 2.02 0.06

14.153 CWIP-Improvements - replacement of electro 132.35 208.05 237.84 102.56

mechanical meters by static meters

14.156 CWIP- improvements - Auto - reclosures & 0.00 0.00

sectionalizers

14.157 CWIP- improvements - RLMS Workers 13.01 -21.95 -9.10 0.16

14.160 CWIP - Reduction of Losses in lines 81.94 114.67 92.91 103.70

14.167 CWIP- improvements - linklines & reconductering of 617.83 2211.72 1921.49 908.06

HT, LT& 33kv line

14.168 CWIP- installation of additional transformers 618.51 2572.98 1832.14 1359.35

14.169 CWIP- tracking of high loss high consumption 417.70 690.74 848.32 260.12

feeders & HVDS

14.170 CWIP - Replacement of distribution Transformers by 104.30 2386.57 2282.65 208.22

similar capacities

14.171 CWIP - Replacement of Transformers by higher 1.64 51.81 39.21 14.24

capacities

14.200 CWIP - REC Plan Schemes 0.19 1.39 1.39 0.19

14.220 CWIP - SPA Schemes 4.58 0.33 0.00 4.91

14.210 CWIP - RGGVY 89.14 638.02 216.54 510.62

14.300 CWIP - Village Electrification (G.P) 0.00 2.62 2.62 0.00

14.302 CWIP - Electrification of Hamles and Tandas (G.P) 70.13 69.50 103.23 36.40

14.303 CWIP - Electrification of Hamles and Tandas 0.00 0.00

(Non-Plan) 14.320 CWIP - Power Supply to IP sets (G.P) 129.60 378.18 289.56 218.2214.324 CWIP – Regularization of un-authorised I.P sets 715.28 2183.97 1864.57 1034.68

registered on or before 31.07.11.

14.325 CWIP - Power Supply to IP sets under O.Y.T Scheme 0.00 0.0014.326 CWIP - Regularisation of unauthorised IP sets under 1.24 -0.28 0.96

O.Y.T Scheme 14.327 CWIP - Power Supply to IP sets (Exisitng) under O.Y.T 0.00 0.15 0.15


72

Statement showing the details of source-wise power purchase cost

1 Hydel Power - KPCL 1077.98 79.46 889.44 52.09

2 Thermal Power

A KPCL 1205.19 463.84 1059.86 427.87

B NTPC 596.50 177.00 611.87 166.34

C NTECL 22.29 10.29 - -

D NTPC VVNL 31.85 14.69 - -

3 Lignite Power - NLC 226.55 67.75 237.11 70.90

4 Atomic Power

A MAPS 10.91 2.26 14.66 3.02

B KAIGA 142.54 43.37 116.90 35.41

C Kundankulam 19.24 2.27 - -

5 Conventional Energy 419.90 201.20 508.80 210.58

6 Non Conventional Energy

A Mine Hydel 397.11 129.64 301.53 96.67

B Bio-Mass - - - -

C Captive Generation 2.53 0.66 2.01 0.52

D Solar 4.37 3.71 - -

E Wind Mill energy 321.21 114.76 324.27 115.70

7 UI Charges -19.77 -2.26 -12.70 -4.91

8 High Cost Energy

A Medium term & Short term power 213.38 113.52 632.25 278.58

B Peak power - - 6.28 3.72

9 Transmission charges

A KPTCL - 182.87 - 158.89

B PGCIL - 32.84 - 31.03

C TNEB - 0.03 - 0.12

10 Other Charges (Trading margin charges, open access 2.84 2.15 2.15 0.52

charges, SLDC charges, PCKL charges energy to be

accounted as per reconciliation)

Sub Total 4674.62 1640.05 4694.43 1647.05

11 Energy Balancing Adjustments

A Relating to present year 72.77 22.42 -221.14 -64.79

Sub Total 4747.39 1662.47 4473.29 1582.26

B Relating to previous years 60.68 6.40 -95.56 -44.77

C Difference amount due to change in Average Rate taken 0.00 - -0.06

for Energy Balancing (2008-09 & 2009-10)

Total 4808.07 1668.87 4377.73 1537.43

Particulars 2013-14

Energy (Mus) Energy (Mus)

2012-13 Sl. No

(Rs. in Crs)

(Rs. in Crs)

Cost Cost

COST OF POWER AT DIFFERENT POINTS

1 At Generation Point 4747.39 1668.87 3.51 4473.29 1537.43 3.44

2 At Interface Point 4584.63 1668.87 3.64 4280.45 1537.43 3.59

3 At Consumer Point 4037.56 1668.87 4.13 3771.88 1537.43 4.08

4 Delivered cost of power to consumer 4037.56 2209.03 5.47 3771.88 1959.13 5.19

(Excluding ROE)

Particulars

2013-14 2012-13 Sl. No Energy

(MU)Energy (MU)

Amount AmountRate per

unit (in Rs.)Rate per

unit (in Rs.)


71

14.328 CWIP - Energization of IP sets under Tribal Sub-Plan 2.32 0.85 3.15 0.02

14.329 CWIP - Energization of IP sets under Special 2.70 36.14 21.53 17.31 Component Plan 14.331 CWIP - Energisation of Borewells drilled under 0.00 386.15 246.78 139.37 Gangakalyana Scheme by Dr. B.R.Ambedkar Devpt. Corporation Ltd.

14.332 CWIP - Energisation of Bore wells drilled under 0.00 88.82 54.02 34.80 Gangakalyana Scheme by Karnataka Scheduled Tribe Devpt. Corporation Ltd.

14.333 CWIP - Energisation of Bore wells drilled under 0.00 277.51 178.92 98.59 Gangakalyana Scheme by D. Devaraj Urs Backward Class Devpt. Corporation Ltd

14.334 CWIP - Energisation of Bore wells drilled under 0.00 115.10 65.66 49.44 Gangakalyana Scheme by Karnataka Minorities Dept. Corporation Ltd

14.340 CWIP - Tribal Area Electrification (G.P) 0.00 3.18 3.18 0.00

14.341 CWIP electrification of tribal colonies under Tribal 3.64 9.89 8.29 5.24 sub-plan 14.342 CWIP electrification of SC colonies under Special 10.34 18.13 18.93 9.54 Component plan

14.350 CWIP - Bhagya Jyothi Schemes 17.48 -0.48 17.00 0.00

14.351 CWIP - Metering of existing B.J Installation 0.00 0.61 0.61 0.00

14.360 CWIP - Kuteera Jyothi Schemes 8.67 9.26 17.93 0.00

14.362 CWIP- Metering of existing K.J Installation under TSP 0.30 0.07 0.02 0.35

14.363 CWIP- Metering of existing K.J Installation under SCP 0.47 1.08 0.25 1.30

14.371 CWIP Naxal Proned Area Development Programme 7.20 17.64 10.63 14.21

14.400 CWIP - Service Connections 432.20 1636.39 1543.58 525.01

14.401 CWIP - Metering of I.P sets of 10 HP and below 0.03 9.94 8.32 1.65

14.404 CWIP-Energisation of Rural Water Supply Works 267.14 1712.02 1463.48 515.68 under RD & PR.

14.502 CWIP - Buildings 203.63 263.73 244.45 222.91

14.607 CWIP - Vehicles 0.00 51.29 51.29 0.00

14.708 CWIP - Furniture and Fixtures 0.00 17.87 14.45 3.42

14.809 CWIP - Office equipment 8.54 83.70 81.75 10.49

14.810 CWIP - Tools and Tackles 45.40 41.34 46.44 40.30

14.811 CWIP - Mobile Phones 0.00 2.37 2.19 0.18

14.911 CWIP - Provision for ongoing works 503.89 14.15 - 518.04

TOTAL 5277.31 19316.52 15308.16 9285.67

A Opening Stock 3087.31 3048.45

B R E C E I P T S

1 Material Purchases 17602.45 9486.57

2 Material inward - Others 2544.61 2743.95

TOTAL RECEIPTS 20147.06 12230.52

C OPENING STOCK + RECEIPTS 23234.37 15278.97

D I S S U E S

1 Material issued capital 13300.01 8847.95

2 Material issues (O&M) 1043.44 1233.94

3 Material Outward - Others 2379.80 2109.77

TOTAL ISSUES 16723.25 12191.66

E CLOSING BALANCE OF STOCK (C-D) 6511.12 3087.31

Description

Account Head Particulars

As on 31.03.2014 As on 31.03.2013

Account Code

(Rs. in Lakh)

(Rs. in Lakh)

O.B. As on 01.04.2013

Incurred Categorised C.B. As on 31.03.2014

Statement of Material Stock Account

SI.No.

Note: Closing Balance for FY 2013-14 includes the Inventory balance of RGGVY works amounting to Rs. 4248.40 lakhs.

0

50

100

150

200

250

300

Percentage

Category

Collection Efficiency: FY-13 Vs. FY-14

2012-13

2013-14


73

Collection Efficiency as per DCB

LT 1 70.24 245.53

LT 2 98.79 97.93

LT 3 100.62 97.85

LT 4 103.59 101.03

LT 5 99.16 98.62

LT 6 47.92 56.58

LT 7 102.50 87.91

HT 97.82 97.47

Misc. 100.00 100.00

Total 97.09 97.68

CategoryCollection Efficiency (in %)

2012-13 2013-14

Perc

en

tag

e

Sales

LT 1 40.53 1.08 41.18 1.05

LT 2 1071.07 28.46 1127.57 28.76

LT 3 273.08 7.26 278.10 7.09

LT 4 1091.11 28.99 1086.45 27.71

LT 5 132.63 3.52 128.61 3.28

LT 6 155.43 4.13 156.34 3.99

LT 7 27.78 0.74 18.57 0.47

HT 972.08 25.83 1083.42 27.64

Total 3763.70 100.00 3920.23 100.00

Category

Sales -Mus

2012-13 2013-14

sales sales% %

0

200

400

600

800

1000

1200

SALES

MUs

Category

Customer Base: FY-13 Vs. FY-14

2012-13

2013-14

LT 1 180787 9.39 183038 9.18

LT 2 1275807 66.26 1322620 66.31

LT 3 167139 8.68 174395 8.74

LT 4 241465 12.54 249969 12.53

LT 5 22798 1.18 24199 1.21

LT 6 25430 1.32 27027 1.35

LT 7 10534 0.55 11988 0.60

HT 1357 0.07 1490 0.07

Total 1925317 100.00 1994726 100.00

Category

Customer Base

2012-13 2013-14

Installations in nos.

Installations in nos.% %

Customer Profile

0

200000

400000

600000

800000

1000000

1200000

1400000

No. of Installations

Category

Customer Base: FY-13 Vs. FY-14

2012-13

2013-14

No

. o

f In

sta

llati

on

sS

AL

ES

M

Us

Sales :


74

Revenu Demand

LT 1 1873.14 1.02 1813.89 0.90

LT 2 43284.05 23.55 48305.41 24.03

LT 3 20997.42 11.42 22570.03 11.23

LT 4 36225.43 19.71 36313.47 18.07

LT5 7754.56 4.22 7983.32 3.97

LT 6 8391.36 4.57 9147.60 4.55

LT 7 3215.59 1.75 2350.29 1.17

HT 61588.98 33.51 71904.39 35.77

Misc. 471.06 0.26 621.95 0.31

Total 183801.58 100.00 201010.35 100.00

Category

Revenue Demand as per DCB

2012-13 2013-14

Rs. in Lakhs

Rs. in Lakhs% %

0

10000

20000

30000

40000

50000

60000

70000

80000

Rupees in Lakhs

Category

Revenue Demand: FY-13 Vs. FY-14

2012-13 2013-14

Ru

pe

es in

Lakh

sR

up

ee

s in

Lakh

s

Revenue Collection

LT 1 1315.78 0.74 4453.66 2.27

LT 2 42762.41 23.96 47304.59 24.09

LT 3 21127.42 11.84 22085.65 11.25

LT 4 37527.65 21.03 36685.72 18.68

LT 5 7689.61 4.31 7873.48 4.01

LT 6 4020.78 2.25 5175.56 2.64

LT 7 3295.94 1.85 2066.25 1.05

HT 60244.90 33.76 70082.34 35.69

Misc. 471.06 0.26 621.95 0.32

Total 178455.55 100.00 196349.19 100.00

Category

Revenue Collection as per DCB

2012-13 2013-14

Rs. in Lakhs

Rs. in Lakhs% %

0

10000

20000

30000

40000

50000

60000

70000

80000

Rupees in Lakhs

Category

Revenue Collection: FY-13 Vs. FY-14

2012-13 2013-14

Closing Balance

LT 1 3093.27 6.72 453.50 0.89

LT 2 2683.43 5.83 3684.25 7.27

LT 3 294.12 0.64 778.50 1.54

LT 4 15664.79 34.04 15292.55 30.18

LT 5 299.65 0.65 409.48 0.81

LT 6 19717.55 42.85 23689.59 46.75

LT 7 -1439.66 -3.13 -1155.62 -2.28

HT 5703.58 12.39 7525.63 14.85

Misc. 0.00 0.00 0.00 0.00

Total 46016.73 100.00 50677.88 100.00

Category

Closing Balance as per DCB

2012-13 2013-14

Rs. in Lakhs

Rs. in Lakhs% %

-5000

0

5000

10000

15000

20000

25000

Rupees in Lakhs

Category

Closing Balance: FY-13 Vs. FY-14

2012-13 2013-14

Ru

pe

es in

Lakh

sR

up

ee

s in

Lakh

s


75

Ave

rag

e R

ealizati

on

Rate

Fro

m S

ale

of

Po

we

r 2013-1

4

Acco

un

t H

ead

-

LT C

ate

go

ry

Tari

ff

Acco

un

t C

od

e

Un

its S

old

Un

its

(MU

) %

of

Un

its S

old

No. o

f C

onsu

mer

s D

em

an

d

Se

rie

s

Clo

sin

g

Bala

nce

S

eri

es

BJ /

KJ -

Ta

riff

su

bsid

y

LT -

1

6

1.4

02

2

8.6

26

1

31

01

1

1

2.3

39

0

.31

%

58

8.6

0

7

26

.27

7

26

.27

0

.00

7

26

.27

0

.00

BJ /

KJ

LT -

1

6

1.1

01

2

3.1

01

5

20

27

2

9.1

65

0

.72

%

32

1.9

6

21

31

.25

9

31

.94

6

.91

-0

.14

9

38

.99

-3

26

4.0

6

28

62

.59

3

47

1.7

2

Do

m.

Ltg

., N

on

-Do

m,

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n-C

om

Ltg

an

d G

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sp

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td.,

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m.

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mb

ine

d L

tg.

(AE

H),

No

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., N

on

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ml.

13

22

62

0

11

39

.69

8

28

.23

%

40

1.4

0

35

91

.23

4

54

80

.74

2

66

.13

-0

.97

4

57

47

.84

0

.00

4

46

44

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4

69

4.3

1

Co

mb

. L

tg.

& h

tg.

Mo

tive

Po

we

r, &

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sp

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for

ha

nd

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pp

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ha

ns,

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ed

& i

nsti

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& P

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Pro

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na

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er

Pvt.

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u.

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s.

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mm

l. L

tg.

He

ati

ng

&

LT -

3

6

1.1

15

2

3.1

15

1

74

39

5

28

0.9

12

6

.96

%

75

9.8

3

9

88

.53

2

12

41

.20

9

9.8

0

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5

21

34

4.4

5

24

4.7

8

20

82

5.5

2

12

62

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mo

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ga

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n p

um

pse

ts,

Lift

LT

- 4

a

61

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9

23

.11

9

24

71

39

1

12

2.6

87

2

7.8

1%

3

25

.39

1

08

59

.02

3

59

26

.77

6

03

.80

0

.00

3

65

30

.57

1

60

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3

61

85

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1

10

43

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ga

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ch

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/

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&

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lusiv

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ts,

Lift

LT

- 4

b

61

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0

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0

18

3

1.1

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0

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%

31

7.0

8

83

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3

6.5

7

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0

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0

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Irri

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/

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ltu

ral

LT -

4c

61

.12

1

23

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1

26

47

6

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4

0.1

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3

32

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7

27

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2

20

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-3

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0

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2

17

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0

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3

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0.5

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75

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6

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66

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4

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09

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82

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7

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0

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up

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LT

- 7

61

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8.7

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KP

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6

29

08

.29

6

72

.03

%

41

9.7

5

32

83

1.5

6 1

21

03

5.8

8

10

32

.83

-6.6

9

12

20

75

.40

-13

94

.08

11

92

59

.52

37

04

1.5

4T

OT

AL

OF

LT

LT -

2a &

b6

1.1

10

6

1.1

11

23

.11

0

23

.11

1

Ave

rag

e

Re

aliza

tio

n

Rate

pe

r U

nit

(P

s.)

Op

en

ing

b

ala

nce

as

on

01.0

4.2

013

Re

ve

nu

e

De

man

d

as p

er

DC

B

Co

lle

cti

on

fo

r th

e

ye

ar

13-1

4

Le

ss:

Pro

visi

on

fo

r w

ith

dra

wal

of

reve

nu

e

Re

ve

nu

e

De

man

d

as p

er

Acco

un

ts

Cor

pora

te

Off

ice

Adj

ustm

ents

Ad

d:

Net

p

rovi

sio

n

for

un

bill

ed

reve

nu

e

LT -

5a t

o d

61

.12

96

1.1

30

61

.13

1

61

.13

3

23

.12

92

3.1

30

23

.13

1

23

.13

3

(Rs. in

Lakh

)

Clo

sin

g

Bala

nce


76

Ave

rag

e R

ealizati

on

Rate

Fro

m S

ale

of

Po

we

r 2013-1

4

Acco

un

t H

ead

-

LT C

ate

go

ry

Tari

ff

Acco

un

t C

od

e

Un

its S

old

Un

its

(MU

) %

of

Un

its S

old

No. o

f C

onsu

mer

s D

em

an

d

Se

rie

s

Clo

sin

g

Bala

nce

S

eri

es

Pu

blic W

ate

r S

up

ply

&

HT

- 1

61

.25

0

23

.25

0

62

7

8.2

04

1

.94

%

43

6.7

5

27

89

.97

3

40

5.3

7

10

.20

0

.00

3

41

5.5

7

0.0

0

25

22

.34

3

68

3.2

0

Se

we

rag

e P

um

pin

g

Ind

ustr

ial, N

on

-In

du

str

ial,

HT

- 2

a

61

.25

5

23

.25

5

62

3

71

9.8

40

1

7.8

3%

5

86

.41

6

13

3.8

9

41

77

3.3

9

43

6.6

4

-1.7

6

42

21

1.7

9

0.0

0

41

31

5.8

3

70

29

.85

No

n-C

om

me

rcia

l a

nd

R

ailw

ay T

rac

tio

n

Co

mm

erc

ial

HT

- 2

b

61

.25

6

23

.25

6

52

1

15

2.4

57

3

.78

%

77

8.6

8

14

86

.68

1

23

49

.58

-4

78

.02

0

.00

1

18

71

.56

0

.00

1

21

06

.52

1

25

1.7

2

Ho

sp

ita

ls &

Ed

uc

ati

on

al

Insti

tuti

on

s H

T -

2c

20

2

11

7.6

52

2

.91

%

66

6.3

0

0.0

0

70

06

.98

8

32

.21

0

.00

7

83

9.1

9

0.0

0

71

26

.83

7

12

.36

Irri

ga

tio

n a

nd

Ag

ric

ult

ura

l

Fa

rms,

Pri

va

te

Ho

rtic

ult

ura

l N

urs

eri

es,

61

.26

0

23

.26

0

16

2

4.9

80

0

.62

%

18

2.2

9

65

.96

4

37

.32

1

8.0

4

0.0

0

45

5.3

7

0.0

0

43

7.8

5

83

.47

Co

ffe

e a

nd

Te

a a

nd

Are

ca

nu

t P

lan

tati

on

s.

Re

sid

en

tia

l A

pa

rtm

en

ts

HT

- 4

61

.27

1

23

.27

1

46

1

4.2

73

0

.35

%

52

7.7

0

91

.12

7

68

.34

-1

5.1

5

0.0

0

75

3.1

9

0.0

0

75

3.2

2

91

.09

an

d H

osp

ita

ls.

Su

nd

ry D

eb

rs f

or

sa

le

HT-

5

6

1.2

90

2

3.2

90

2

0

21

.85

9

0.5

4%

9

51

.40

-1

.09

1

96

4.4

1

11

5.2

5

0.0

0

20

79

.66

0

.00

2

11

1.8

6

-33

.29

of

po

we

r -

HT-

5 t

em

po

rary

su

pp

ly

TO

TA

L O

F H

T

14

90

11

29

.26

5

27

.97

%

60

7.7

1

10

56

6.5

3

67

70

5.3

8

91

9.1

9

-1.7

6

68

62

6.3

3

0.0

0

66

37

4.4

6

12

81

8.4

0

TO

TA

L (

LT

+ H

T)

19

94

72

6

40

37

.56

1

10

0.0

0%

4

72

.32

43

39

8.1

0 1

88

74

1.2

6

19

52

.02

-8.4

5

19

07

01

.73

-13

94

.08 1

85

63

3.9

8

49

85

9.9

4

Su

nd

ry d

eb

tors

fo

r e

lec

tric

ity t

ax

2

3.3

2

10

7.3

3

80

19

.93

0

.00

2

.47

8

01

7.4

6

7

40

3.4

2

27

21

.37

Mis

c.

rec

eip

ts f

rom

c

on

su

me

rs (

Inte

rest)

23

.7

12

91

6.4

7

36

37

.12

3

7.7

2

0.0

0

36

74

.83

26

96

.23

1

38

95

.07

Mis

c.

rec

eip

ts f

rom

c

on

su

me

rs (

Oth

er

tha

n

Inte

rest)

98

5.3

4

0.0

0

0.0

0

98

5.3

4

0.0

0

98

5.3

4

0.0

0L

ess

: P

rovis

ion

fo

r

wit

hd

raw

al o

f re

ve

nu

ed

em

an

d

2

3.8

7

00

.44

0

.00

0

.00

0

.00

0

.00

0.0

0

19

5.3

4L

ess

: P

rovis

ion

fo

r d

ou

btf

ul d

ue

s fr

om

co

nsu

me

rs

2

3.9

5

56

7.9

9

0.0

0

0.0

0

0.0

0

0.0

0

0

.00

5

73

5.1

1L

ess:

Re

ve

nu

e s

usp

en

se

ac

co

un

t

L

ess

: W

ith

dra

wa

l o

f

reve

nu

e d

em

an

d

5

5.3

2

0.0

0

0.0

0

55

.32

0.0

0

0.0

0

GR

AN

D T

OT

AL

1

99

47

26

40

37

.56

1

51

91

9.4

8 2

01

32

8.3

3

19

89

.74

-5.9

8

20

33

24

.04

-13

94

.08 1

96

71

8.9

7

60

10

9.2

3

61

.25

7

& 6

1.2

58

23

.25

7

& 2

3.2

58

HT

- 3

a&

b

Ave

rag

e

Re

aliza

tio

n

Rate

pe

r U

nit

(P

s.)

Op

en

ing

b

ala

nce

as

on

01.0

4.2

013

Re

ve

nu

e

De

man

d

as p

er

DC

B

Co

lle

cti

on

fo

r th

e

ye

ar

13-1

4

Clo

sin

g

Bala

nce

Re

ve

nu

e

De

man

d

as p

er

Acco

un

ts

Cor

pora

te

Off

ice

Adj

ustm

ents

47

.60

74

7.6

09

(Rs. in

Lakh

)

Le

ss:

Pro

visi

on

fo

r w

ith

dra

wal

of

reve

nu

e

Ad

d:

Net

p

rovi

sio

n

for

un

bill

ed

reve

nu

e

23

3.9

9

0.0

0

0.0

0

0.0

0

0.0

0

0.0

0

43

6.7

0


77

Su

bsid

y r

ece

ive

d f

rom

GO

K in

2013-1

4 a

gain

st

the

de

man

d r

ais

ed

du

rin

g

2013-1

4 t

ow

ard

s

Fre

e P

ow

er

su

pp

ly t

o I

P S

ets

havin

g c

on

ne

cte

d lo

ad

up

to 1

0 H

P a

nd

to

BJ/K

J c

on

su

me

rs

co

nsu

min

g u

pto

18 U

nit

s p

er

mo

nth

, in

clu

din

g O

pe

nin

g b

ala

nce

an

d O

the

r arr

ears

1

Po

we

r su

pp

ly t

o I

P S

ets

of

up

to

10

HP

(LT

4a

) 1

72

15

1

74

98

8

24

71

39

5

89

.60

4

89

.50

1

07

9.1

0

12

84

4.1

2

20

21

0.8

3

15

70

9.8

7

35

92

0.7

0

37

74

1.2

9

11

02

3.5

3

2

Po

we

r su

pp

ly t

o B

J/K

J u

pto

18

Un

its

pe

r m

on

th p

er

Insta

lla

tio

ns

10

71

44

2

38

67

1

31

01

1

7.4

3

3.4

7

10

.90

8

30

.97

7

29

.04

72

9.0

4

72

9.0

4

83

0.9

7

3

Am

ou

nt

refu

nd

ed

in

re

sp

ec

t

of

IP S

et

pa

ym

en

t m

ad

e b

y

farm

ers

fro

m 0

1.0

4.2

00

1 t

o

31

.03

.20

03

3

17

9.7

4

31

79

.74

4

RO

R S

ub

sid

y

48

47

.86

4

84

7.8

6

5

BJ/K

J w

aiv

er

Su

bsid

y

3

31

1.0

0

3

31

1.0

0

3

31

1.0

0

6

Ga

p t

o b

e p

aid

by G

OK

fo

r

FY

20

11

-12

as

pe

r K

ER

C

Tru

ing

-up

Ord

er

62

53

.00

6

25

3.0

0

TO

TA

L

27

92

95

98

85

5

37

81

50

59

7.0

3

49

2.9

7

10

90

.00

27

95

5.6

9

24

25

0.8

7

15

70

9.8

7

39

96

0.7

4

38

47

0.3

3

29

44

6.1

0

No

of

Liv

e I

nsta

llati

on

s

Me

tere

dM

ete

red

Co

nsu

mp

tio

n in

Mu

sO

pe

nin

g

Bala

nce

as o

n

01.0

4.2

013

Un

- M

ete

red

Un

- M

ete

red

Tota

l To

tal

De

man

d

Me

tere

dU

n-

Me

tere

dTo

tal

bill am

ou

nt

Su

bsid

y

rele

ase

d

for

2013-1

4

Bala

nce

as o

n

31.0

3.2

014

(Rs. in

Lakh

)

34

56

78

91

01

11

21

31

4

Part

icu

lars

S

I.N

o.

12


78

I.LT.

Ca

teg

ory

23

.10

17

LT

-1

BJ/K

J

61

.10

17

0

.00

0

.00

0

.00

0

.00

0

.00

23

.11

07

LT

-2A

D

om

esti

c

61

.11

07

2

8.7

4

3.2

7

1.7

1

0.2

2

33

.94

23

.11

17

LT

-2B

E

du

ca

tio

na

l In

sti

tuti

on

s 6

1.1

11

7

0.4

7

0.0

3

0.0

4

0.0

0

0.5

3

23

.11

57

LT

-3

Co

mm

erc

ial

61

.11

57

5

.27

0

.36

0

.11

3

.07

8

.81

23

.11

97

LT

-4A

IP

Up

to 1

0 H

P

61

.11

97

0

.00

0

.00

0

.00

8

7.6

9

87

.70

23

.12

07

LT

-4B

IP

Ab

ove 1

0 H

P

61

.12

07

0

.50

0

.16

0

.05

0

.00

0

.70

23

.12

17

LT

-4C

H

ort

icu

ltu

ral n

urs

eri

es

61

.12

17

6

.31

2

.26

1

.14

0

.05

9

.76

23

.12

97

LT

-5B

(I)

Ind

ustr

ies-5

HP

& B

elo

w

61

.12

97

0

.90

0

.08

0

.00

0

.02

1

.00

23

.13

07

LT

-5B

(II)

In

du

str

ies-A

bo

ve 5

bu

t b

elo

w 4

0 H

P

61

.13

07

2

.03

0

.09

0

.05

0

.02

2

.18

23

.13

17

LT

-5B

(III

) In

du

str

ies-4

0H

P &

ab

ove b

ut

be

low

67

HP

6

1.1

31

7

0.8

2

0.0

2

0.0

0

0.0

1

0.8

5

23

.13

37

LT

-5B

(IV

) In

du

str

ies-6

7H

P &

ab

ove

61

.13

37

3

.42

0

.18

0

.02

0

.07

3

.69

23

.12

57

LT

-6A

W

ate

r su

pp

ly

61

.12

57

6

7.0

1

22

.05

1

4.6

8

6.4

2

11

0.1

7

23

.14

17

LT

-6B

S

tre

etl

igh

t 6

1.1

41

7

30

.77

6

.55

3

.53

2

.15

4

3.0

0

23

.14

57

LT

-7

Tem

po

rary

6

1.1

45

7

0.0

3

0.0

1

0.0

0

0.0

0

0.0

3

TO

TA

L (

LT

)-A

14

6.2

6

35

.05

21

.34

99

.72

30

2.3

7

II.

HT

Ca

teg

ory

23

.25

07

H

T-1

W

ate

r su

pp

ly

61

.25

07

1

8.6

7

12

.40

2

.20

1

.16

3

4.4

2

23

.25

57

H

T-2

A

Ind

ustr

ies

61

.25

57

9

.10

1

5.2

3

7.9

7

3.1

0

35

.40

23

.25

67

H

T-2

B

Co

mm

erc

ial

61

.25

67

0

.97

0

.04

0

.00

0

.00

1

.01

23

.25

77

H

T-2

C

Ho

sp

ita

ls &

In

sti

tuti

on

s 6

1.2

57

7

0.8

9

0.0

0

0.0

0

0.0

0

0.8

9

23

.26

07

H

T-3

A

Lift

irri

ga

tio

n

61

.26

07

0

.17

0

.06

0

.00

0

.00

0

.24

23

.27

17

H

T-4

C

olo

ny s

up

ply

6

1.2

71

7

0.0

0

0.0

0

0.0

0

0.0

0

0.2

7

23

.29

07

H

T-5

Te

mp

ora

ry

61

.29

07

0

.00

0

.00

0

.00

0

.00

0

.00

TO

TA

L (

HT

) -

B

30

.07

27

.73

10

.17

4.2

6

72

.23

LT

+H

T T

OT

AL

- (

A+

B)

17

6.3

3

62

.78

31

.50

10

3.9

8

37

4.6

0

III.

Ele

ctr

icit

y T

ax

23

.30

10

H

T

4.0

8

0.3

5

0.2

4

0.0

2

4.7

0

23

.30

20

LT

1

6.5

8

3.2

4

2.6

4

0.1

4

22

.60

TO

TA

L T

AX

- C

20

.66

3.5

9

2.8

8

0.1

6

27

.30

IV.

Mis

e R

ev

23

.70

00

67

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4

7.1

2

18

.00

6

.36

1

38

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TO

TA

L M

ise

Re

v-D

6

7.1

3

47

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18

.00

6.3

6

13

8.6

1

GR

AN

D T

OT

AL

(A

+B

+C

+D

)

2

64

.12

11

3.4

9

52

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11

0.5

1

54

0.5

0

STA

TE

ME

NT

SH

OW

ING

CA

TE

GO

RY

WIS

E, A

GE

WIS

E D

ETA

ILS

FO

R T

HE

A

RR

EA

RS

OU

TS

TA

ND

ING

AS

ON

31.0

3.2

014

A/c

Co

de

(23 s

eri

es)

Tari

ffP

art

icu

lars

Acco

un

t H

ead

less t

han

o

ne

ye

ar

Mo

re t

han

O

NE

ye

ar

bu

t

less t

han

T

HR

EE

ye

ars

(Rs. in

Crs

)

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