Report of Indian Institute of Public Administration ... - Ministry of Power

State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
What are the critical obstacles to reform? (in order of priority)?
1
2
3
4
Managerial and administrative difficulties of dismantling existing institutions and
structures;
Lack of experience among persons managing reforms;
Lack of political commitment; and
Public opposition to removal of subsidies.
FINANCIAL STATUS OF RRVUNL
Financial status of Rajasthan Rajya Vidyut Utpadan Nigam Ltd, showing income,
operating cost, receivables, manpower cost, interest repayment, subsidies received
from the Government, current assets and current liabilities since 2000-01 till date has
been as under:
Particulars
2000-01
(Audited)
19-7-00 to
31-3-01
2001-02
(Audited)
Liabilities
6.10
2002-03
(Audited)
2003-04
(Audited)
2004-05
(Audited)
(Rs crore)
2005-06
(expected)
State Govt. equity
(subscribed and issued)
162.00 1232.76 1287.59 1496.59 1775.59 1775.59
State Govt. equity (pending
allotment)
792.59 54.83 209.00 159.00 - 331.00
Loan (working capital) 3679.04 3895.67 4668.70 4605.50 4708.42 4679.80
Total (liabilities) 4633.63 5183.26 6165.29 6261.09 6484.01 6786.39
Assets
Gross fixed assets 2764.42 3634.42 4399.25 5376.21 5981.85 5981.85
Less: Depreciation 513.16 698.51 949.27 1250.10 1452.66 1652.91
Net fixed assets 2251.26 2935.91 3449.98 4126.11 4529.19 4328.94
Work in progress 1174.03 1159.48 1253.76 678.16 359.83 895.30
Investment
Current assets
159.31 0 0 0 0 0
(a) Stores 219.64 259.41 152.05 144.10 318.49 501.59
(b) Other assets including 1432.89 1390.47 1911.20 1880.72 1820.78 1649.08
receivables subvention*
(c) cash and bank balance 43.41 84.20 70.85 9.17 10.69 4.08
Gross current assets 1695.94 1734.08 2134.00 2033.99 2149.96 2154.75
Less: Current Liabilities 647.72 648.09 686.58 624.15 640.44 672.46
Net current assets 1048.22 1085.99 1447.51 1409.84 1509.52 1482.29
Misc./deferred expenditure 0.81 1.88 14.03 46.98 85.48 79.86
Gross Loss 0 0 0 0 0 0
Total (Assets) 4633.63 5183.26 6165.29 6261.09 6484.01 6786.39
* State Government subvention of Rs 563.75 crore was pending as on 31 March 2004, 31 March 2005 and 31 March 2006.