1 / 26

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.

nanda
Télécharger la présentation

POWERGRID

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related