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POWERGRID

POWERGRID. the money matter – with POWER. J Sridharan, Executive Director (Finance). ORGANISATION CHART OF F&A. DIRECTOR (FINANCE). ED (FINANCE). HOFs OF REGIONS/RLDC FINANCE IN CHARGES (Functionally reporting to D(F) and administratively reporting to ED of the Region concerned). AGM.

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POWERGRID

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  1. POWERGRID the money matter – with POWER J Sridharan, Executive Director (Finance)

  2. ORGANISATION CHART OF F&A DIRECTOR (FINANCE) ED (FINANCE) HOFs OF REGIONS/RLDC FINANCE IN CHARGES (Functionally reporting to D(F) and administratively reporting to ED of the Region concerned) AGM GM AGM AGM • Compilation of Accounts • Taxation • JV / Consultancy/Telecom • Concurrence incl.DMS • Cost Engineering • Commercial Finance • Cash and Bank • Bonds • Bills • Internal Audit

  3. Payment of Salaries & Employee related claims including PF/Pension Accounts Payment of Third Party Claims Cash & Bank Management including Remittance to Sites Budgeting/Budgetary Control/MIS Financial Concurrence Compilation of Accounts Audit Coordination Major Activities – Regional Finance

  4. In CC, in addition to the functions given under Regions, the following are also carried out: Policy issues like Taxation, Accounting Policy, Recruitment, Promotion etc. Coordination with MOP, Finance Ministry, DPE, Planning Commission, RBI, MAB, C&AG etc. Mobilisation of Resources & Debt Servicing PF Trust/Pension Fund/Gratuity Trust-Trustee Meetings, Investments In-House Software & Systems development for Finance. Reply to Parliament Questions on Finance & Accounts Convening Various Meetings of Committee of Eminent Persons & Implementation. Filing of Petitions & Arrangements with CERC L/C opening ,Foreign Currency Payments like direct remittances to parties, foreign loan servicing, foreign travel etc Coordination with World Bank, ADB with respect to financial matters. Major Activities – Corporate Finance

  5. TRANSMISSION CHARGES TELECOM REVENUE CONSULTANCY FEES REIMBURSEMENT OF RLDC EXPENSES SURCHARGE INTEREST ON SEB BONDS & INTEREST FROM BANKS/EMPLOYEES/PD A/C LEASE RENTALS FROM SLDCs OTHER INCOME (SCRAP SALES,ACCOUNTING ADJUSTMENTS LIKE PROVISIONS WRITTEN BACK ETC.) SOURCES OF REVENUE

  6. SOURCES OF REVENUE - F.Y. 2003-04 • (RS. CRORES) 2191 7 37 28 7 265 15 54 201

  7. STAFF COST OTHER O&M EXPENDITURE INTEREST ON LOANS & BONDS FINANCE CHARGES (COMMITMENT CHARGES, GUARANTEE FEE ETC.) REBATE TO CUSTOMERS INCENTIVE TO SEBs DEPRECIATION PROVISIONS,WRITE- OFFs, LOSS ON SALE OF FIXED ASSETS ETC. DETAILS OF EXPENDITURE (OTHER THAN INCOME TAX & DEFERRED TAX)

  8. STAFF COST REPAIRS &MAINTENANCE POWER CHARGES TRAVELLING EXPENSES INSURANCE SECURITY EXPENSES RENT,RATES & TAXES HIRING OF VEHICLES COMMUNICATION EXPENSES ADVERTISEMENT & PUBLICITY EXPENSES PRINTING & STATIONARY OTHER MISCELLANEOUS EXPENSES DETAILS OF O&M EXPENDITURE

  9. TOTAL EXPENDITURE 2003-04 (Rs. Crores) TOTAL EXP. BEFORE MAT & DEFERRED TAX - 2091

  10. TURNOVER(A)……………………………………… O&M EXPENSES………………………………. INTEREST & FINANCE CAHRGES…………. REBATE & INCENTIVE TO SEBs…………… DEPRECIATION………………………………... PROVISIONS & OTHER EXPENSES……….. TOTAL EXPENDITURE(B)………………………... PROFIT BEFORE TAX (A)-(B)…………………… LESS: PROVISION FOR MAT……………………. ADD: DEFERRED TAX WRITTEN BACK………. PROFIT AFTER TAX………………………………. 2805 420 757 234 606 74 2091 714 17 51 748 OPERATING RESULTS : 2003-04 (UNDER AUDIT) (RS. CRORES)

  11. POWERGRID ON GROWTH PATH (Rs. Crores)

  12. (RS. CRORES)

  13. MOU TARGETS Vs ACTUALS - 2003-04

  14. PAYMENTS TO EX-CHEQUER (RS. CRORES)

  15. O&M EXPENDITURE DEPRECIATION INTEREST ON LOAN INTEREST ON WORKING CAPITAL RETURN ON EQUITY TARIFF UNDER CERC NORMS THE FOLLOWING ITEMS ARE CONSIDERED FOR TRANSMISSION CHARGES:

  16. TRANSMISSION INCENTIVE (BASED ON LINE AVAILABILITY) FOREIGN EXCHANGE RATE VARIATION (ON INTEREST & REPAYMENT OF PRINCIPAL) INCOME-TAX PAID BY POWERGRID ADVANCE AGAINST DEPRECIATION DEVELOPMENT SURCHARGE (FROM 2001-02 TO 2003-04) TARIFF UNDER CERC NORMS… IN ADDITION TO THE ABOVE, POWERGRID RECEIVES:

  17. IMPACT OF CERC NORMS: TARIFF BLOCK: 2001-02 TO 2003-04 (RS. CRORES)

  18. ROE 14% (REDUCED FROM 16% TO 14%) (FOR EQUITY BASE OF RS. 4750 CRS.) O&M: ONE SET OF O&M RATES ON ALL INDIA O&M BASIS. TARGET AVAILABILITY: 98% FOR AC SYSTEMS AND 95% FOR HVDC INCENTIVE: ON PRORATA BASIS ON EQUITY (FOR AVERAGE AVAILABILITY OF 99.25% AND EQUITY BASE OF RS. 4750 CRS.) REDUCTION IN INCENTIVE TOTAL REDUCTION IN TARIFF PER ANNUM (-) Rs. 95 CRORES (-) Rs. 40 CRORES (-) Rs. 25 CRORES (-)Rs. 160 CRORES MAJOR FINANCIAL IMPACT OF CERC NEW DRAFT REGULATIONS : 2004-05

  19. INTERNAL RESOURCES LOANS: FROM MULTILATERAL AGENCIES FROM FOREIGN BANKS/INSTITUTIONS FROM DOMESTIC LOANS/INSTITUTIONS FROM GOVT. OF INDIA BONDS DEVELOPMENT SURCHARGE(2003-04) BUDGETARY SUPPORT FROM GOVT. OF INDIA HOW POWERGRID MEETS CAPITAL EXPENDITURE?

  20. (RS. CRORES)

  21. Xth PLAN PROJECTIONS (Rs. CRORES)

  22. Xth PLAN PROJECTIONS… (Rs. CRORES) CAPITAL EXPENDITURE ALREADY INCURRED:

  23. (Rs. CRORES)

  24. Thank You

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