power transmission corporation · fy 2018-19 basis of prenaration / methodoloov towards the...
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PTCULR .lMNgutgatoN coRPOR'9F UTARAXHAND LTMITEO
POWER TRANSMISSION CORPORATION OF UTTARAKHAND LIMITED
ANNUAL BUDGET
FY 2019-19
FY 2018-19
Basis of Prenaration / Methodoloov :
Towards the preparation of Revenue Budget, the Revenue and Expenses / payments are taken on the basis of ARRapproved by UERC and CERC for FY 18-19. In the Budget, Revenue is takln for Fy 1g-19 at Rs.316.38 Crore,(including Revenue from Transmission Charges from UPCiRs. 20g.31 cr. , ISTS charges approved by CERC for 400KV s/s srinagar & its associated lines, Rs. 99.82 cr., other Income of Rs. 4.41 cr. and SLDC open Access chargesof Rs' 2'84 Cr' Further, tariff for 220 Kv Bhilangana - lll - Ghansali Line (Ghuttu - Ghansali Transmission Line) is notconsidered as the same is not approved by uERc in Fy.1B-19.
Strateqv
Budget has been compiled at HQ on the basis of estimated expenditure for Fy 1B-1g (from 01.o4.1|to 31.03.1g) &approved ARR by UERC for the FY 18-19. The budgeted expenditure are compared with the approved ARR for Fy 1B-19 and in case the approved expenditure under ARR is on the lower side as compared to the approved Budget, thedifferential prudent and emergent nature expenditure may be financed from Financial lnstitriiions subject to theapproval of Board.
ProposalThe short fall (if any) in the FY 1B-19 is proposed to be bridged through Short Term Loan.
Proiections for Revenue Budqet:
The Annual Revenue Budget for the FY 1B-19 is enclosed herewith for the kind consideration and approval of the AuditCommittee / Board of Directors.
The Revenue is taken in the budget on the basis of Tariff approved by uERc for Fy ,l8-.1g and by cERc for 400 KVsrinagar S/s & its line from FY 16-17 to 18-19 in FY 18-19 for the first time. Total Revenue on the basis of above
A.
approved tariff is Rs' 309.13 Crore. This include Rs. 192.47 Cr. (including True Up of previous years Rs. -g3.43 Cr.) forTransmission charges approved by UERC for PTCUL, Rs. '16.84 Cr, as Revenue approved by uERc for sLDC. Tarifffor 220 KV Bhilangana - lll - Ghansali Line (Ghuttu - Ghansali rransmission Line) is not considered as the same isnot approved by UERC for FY 18-19. Further, the ISTS charges approved by CERC for 400 KV Srinagar, Rs. 99.82Cr., is also considered as revenue for Fy 1B_1g
B.
During the FY 18-19 an amount ofdocuments, Liquidated damages and
C. Expenses
Rs. 7.25 Crore is estimated as other incomeSystem Study Fee, SLDC Open Access Charges,
consisting of Sale of Tenderetc.
The employee cost has been estimated on the basis of ARR for FY 1B-1g at Rs. 107 crore (Net of capitalization) aftertaking into consideration the new appointments, increments, promotions, allowances & arrears, etc.
During the FY 18-19 an amount of Rs. 38.25 crore is estimated for maintenance of existing substations, lines androads etc on the basis of ARR for FY '18-19. Towards the allocation of R&M expenses, the apportionment is done onthe basis of 50ok of R&M expenses as per the last years budget and balance s0% on the basis of weighted average ofactual R&M expenses of last three years.
(3) Administrative & Generar Expenses: (Detairs summarize in Annexure - D)
The A&G Expenses (including Guarantee Fee) is estimated on the basis of ARR for the Fy 1B-1g at Rs. 23.66 Crore(Net of capitalization)' In case, the actualA&G Expenditure increases, the true up shall be claimed in the ARR.
(4) Interest & Finance Charoes
The Interest & Finance charges for the FY 1B-19 is estimated at Rs. 53.20 crore (Net of capitalization) against theProject Loans from REC, pFC & other Fl's.
(51 Depreciation
The Depreciation for the FY 18-19 is estimated at Rs. g0.77 crore. (ARR - Rs. 71.15 crore).
Annexure - APOWER TRANSMISSION CORPORATION OF UTTARAKHAND LIMITEDSUMMARY OF REVENUE BUDGET
FY 201 8-1 9
il. No Particular2016,17 20 7-18 201 8-1 9
Audited ProvisionalAccounts Approved ARR ARR Approved BUDGET
ESTIMATES1
1 Reven re frn- ii"""- io":^^ 3 4 5 6 7z ievgnue from Tr:nqmiccinn 1'
zo3. I u 239.18 237.63 192.47 192.473 TOtal Revenuc frnm Trancmicci^^
'10.08 15.1 5 161i 16.84 16.84Revenrre frnm T 273.78 254.33 252.78 209.31 209.31fotal ARR - 2nnr^va'l h' t.oz 1.89 1.89
tJ+41
Wes (+oo rv Srinangar approved by cERc)Revenuefromffi
275.40 256,22 2i84,67 209.31 209.31
99.82 99.827
BRevenue trom St_
i-Jlner ln.^mo - e^^r^r,^l hr, llED^
275.40 256.22 254.67 309.13 309.13
7.08 8.41 3.89 2.84 2.8410
.__..._ eFFrvrvv v, vLr\v
l'fOSS Revenile lannrnwad hrr I ltrDl^ 9 nE 6.31 10.75 6.74 4.41 4.4111 trmDlovee cosf nef nf 288.79 275.38 265.30 316.38 3{6.38tz Reoair& Maintenanec r 65.93 I z.ob 109.48 107.00 107.00
1? Administrative & General Expenses neGiiapGG"tionF:lrjdlT=ggvt cuarfofrl r]llt, trv^^--^-
23.94
18.29
34.77 zJ.3b 23.05 38.25
21 51 11.94 16.09 zJ.bbt1
15
Intefest net of ceniialicatinn
1 08.'t 6 128.94 144.98 146.14
to 180.63 '146.44 120.32 170.24 147.471a Deoreciatio 51.43 +t.Jz 62.21 62.55 53.2018 otal Exoenses 80.23 80.32 64.92 71 1q 80.7719 rrofit/(Lo-ss) 239.82 257.18 272.11 279.84 302.8820 48.97 18.20 (6.61 36.54 13.4921 trofil Flafara 2.57
zz to; 48.97 20.77 (6.81) 36.54 13.49z5 f,rofit / /l nss \ac ahnrra24 \dci Dan 48.97 20.77 (6.81) 36.54 13.49z3 lotal Generati.i.ilirol.IfEl.llJ 80.23 80.32 64.92 71.15 80.77
129.20 101 .09 58.11 107.69 94.27cr 400 KV Srinaqar)'fOOOSed I oan Flonarrman{zo
ZT DSonARxtaffi (72.361z6 'DS Refund for previous vear (20.e3)ZY Surplus / (Deficit , to be met thoughEf)- 19.93
20.91
POWER TRANSMISSTON CORPORATION OF UTTARAKHAND LIMITEDREVENUE INCOME
FY 2018-19
Annexure - A
Sl. No
1
Particular
-
2
-
Revenue fro m Transm iss ion c h".io"-rc-iEFi
Pc in t".^2016-17 2017-18 2018-19
Audited ProvisionalAccounts Approved ARR ARR Approved BUDGET
ESTIMATESI 3 4 5 6 7z 263.70 239.18 237.63 192.47 192.473
nevgarue tfom Tfansmtsstnn flh2r^ac
1 0.08 15.'15 1E .1E16.84 16.84
4 273.78 254.33 252.78 209.31 209.315 1.62 1.89 1.89
6Revenue from ISTS charges?oo7iGmngar _ approved byCERC)
-
Revenue lror g
215.40, 256.22: 254.67 209.31 209.31
99.82 99.827s vlnvt tJ?Dt
Hevenue from SLDC for Open nccesUERCUInef lncnme - 2n^r^r,6'.,1 l.rrr l t ED^
275.40
7.08
256.22 254.67 309.13 309.13
8.41 ?AO 2.84 2.84q
10 Gross Revenue o.J I 1n 7q 6.74 4.41 4.41288.79 275.38 265.30 316.38 316.38
Annexure - B
Emplovee CostFY 2018-19
S.No
Rs. in Crore
Expenses2016-17 201 -18 2018-19
Audited ProvisionalAccounts Approved ARR ARR Approved BUDGET
ESTIMATES1 Salaries 21.08 23.23 35.00 34.21 34.21z Dearness Allowance 17.78 19.59 29.52 28.86 28.86? Bonus/exgrqtia 0.21 0.23 0.35 0.34 0.344 Medical expenses reimbursement 0.54 0.60 0.90 0.88 0.886 Staff welfare expenses 0.01 0.0'1 0.02 0.02 0.02
Employer's contribution towards pension, g ratuiiy& EPF& Earned Leave Encashment 12.21 13.46 20.28 19.82 19.82OtherAllowance 20.97 23.11 34.82 34.03 34.03
Gross Employee Cost 72.80 80.23 120.89 118.15 118.15Less : Employee Cost Charged to Capital 6.87 7.57 11.41 1 1.15 44 4ENet Employee cost Charged to Revenue 65.93 72.66 109.48 107.00 107.00
Note : OtherAllowances includes :-House Rent AllowanceHill & High Attitute AttowanceMedical AllowanceMotor Cycle AllowanceCycle AllowanceCoal AlowanceWashing AllowanceDistribution Profit Incentive AllowanceOther Allowance
Annexure , G
FY 2018-19
st.No. Name of Unit PIant &
MachineryLines &cables
Rs. in Crore
Buildings Civil Works VehiclesFurniture &
OfficeEquipment
Total
A Sarhwal Zone1
ffi 193.48 74.68268.1 5
100.49 21121.64
4 0.00 0.00
5 c n pnr)p 34.22 26.00 12.43 13.07 85.71206.26 zvo.zo
119.92119.92184.62 73.32
220 O&M DtV, Haridwar
f*#*rles257.94
122.60 45.08167.68
1063.1 8 45.86
109.04
11 SCADA DIVISION, DEHRADUN
9.91 14.86 Z4.I I173.34
2.56
1.08 2.70 177.11
12lQ Payment Unit, Dehradunincluding lT, C&R, Store Divisioniishikesh & HR)
1.74 0.25 0.50 0.15 2.43
13 134.41 97.5714 Z2O KV O&M Div. Jhaira 231.98tc
149.12 F7 4A206.68
41.39 31.45 15.04 15.81 103.691 ,318.50 472.91 218.73 43.91 0.15 34,00 2.088,20
A Kuma_gnzane:1 220 Al O&M Dr\/ HAt nr^, 243.96 51.82z TRr: nr\/ 295.781A ?O
15.39
164.9399.79 99.79A lOO KV S/S KASHIPUR 255.t I
400.70160.'1 8
|\V U'IIVI UIV KASHIPUR 122.49 37.69123.96 55.42 179.38
*rl,r*ffiffiTitr 179.37 zv.z5208.59
Y
10
220 KV O&M DtVMahuakheragani 214.95 18.74 233.69
132 KV O&M Division, Sitarganj 98.82 44.18143.00
TOTAL (B) 1.234.70 402.011,736.50
2,553.20 874.92 318.52 43.91 0.15 34.00 3.824.70
Annexure - DPOWER TRANSMISSION CORPORATION OF UTTARAKHAND LIMITED
Administrative & General ExpensesFY 2018_19
S.No Expenses2016-17 2017-18
(Amount Rs. in Crore2018-19
Audited ProvisionalAccounts Approved ARR ARR Approved BUDGET
ESTIMATES1 Rent, Rates ,Taxes & Insurance 0.63 0.74 o.41 nq4 0.82z Ielepho[e Postage & Tereqrams 0.82 0"96 NA? o.72 1.06Legal Charges 0.13 n 1q 0.08 n 11 0.164 Audit Fees olo o12 0"07 0.09 0.136
A
Consultancy Charges 1.11 1.30 0.72 0.97 1.43Fees & Subscriptions ( Including UERC Feeand ROC, Goyt. Guarantee Fees, etc.) 2.36 2.78 1.54 2.08 3.05Conveyance & Traveling,Hire cnarges otvehicles, Petrql diesel &runnrnq exp. 0.62 0.73 0.40 0.55 0.80d :lectricity & water charges 0.23 o.27 0.15 0.20 0.30Printing & Stationary 0.20 0.24 0.13 0.18 0.26{n Advertisement 0.71 0.84 0.46 0.62 0.9211 Training Expensgs o.14 0.16 0.09 o.12 0.18tz Eqqfs & PeriodicatsOther Expenses
14
I J,Jb 1rt 71 8.72 a4 7E, 18.84
9ross Administrative & General expenses 20.40 23.99 13.32 19.01 27.95'1 4 LeoD.
^urilililstrduve 6. (Jgnefal expgnsescharged to capital 2 11 tlR 1.38 2.92 4.29
'16Total A&G Expenses charged to Revenue 18.29 21.51 11.94 15.09 23.66Note :-Other expenses includes :-Security expensesDA exp of Auditor / ConsultantMeeting ExpenditureHorticulture
!10 on / Republic Day/ Independence Day/ Sports DayMaintenance of Computer/ hardware at unit levelShifting expending to new He btdg