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INFORMATION MEMORANDUM
FINANCIAL INFORMATION (Five Years at a glance)
(Rs. in Crores)
PARTICULARS 2007-08 2008-09 2009-10 2010-11 2011-12
RESOURCES (at the end of the year)
Equity Capital 858.66 858.66 987.46 987.46 987.46
Borrowings:
From Govt. of India 81.92 64.74 49.42 36.13 24.64
From LIC 3,500.00 3,350.00 3,200.00 2,850.00 2,500.00
Commercial paper - 1,295.00 2,450.00 - -
IIFCL - - 870.00 1,870.00 1,870.00
By Issue of Bonds 24,089.62 32,631.48 40,861.01 51,195.25 71,372.20
Other Banks 5,562.80 6,101.05 6,441.43 6,469.14 1,091.54
Foreign currency borrowings 1,048.45 1,493.68 2,076.37 7,583.32 10,698.09
Reserves & Surplus (Net) 4,509.04 5,331.42 10,092.88 11,801.16 13,757.46
FINANCIAL OPERATIONS (During the year)
Number of projects approved 881 506 492 658 1,091
Financial assistance sanctioned Excluding 46,769.76 40,745.84 45,357.36 66,419.98 51,296.77
subsidy under RGGVY
Disbursements 16,303.70 22,277.86 27,127.14 28,517.11 30,593.30
Repayments by borrowers 5,600.24 5,119.36 5,806.54 8,772.58 8,119.59
Outstandings at the end of the year 38,614.83 50,652.81 65,978.75 81,725.45 1,01,426.26
WORKING RESULTS For the year
Total income 3,537.66 4,931.28 6,707.60 8,495.27 10,509.07
Personnel & Admn. Expenses 111.10 109.24 144.67 164.36 229.32
Interest on borrowings 2,063.65 2,887.35 3,896.07 4,780.92 6,268.79
Depreciation 1.39 1.36 2.16 3.04 3.27
Profit Before Tax 1,312.42 1,920.11 2,649.19 3,476.63 3,792.86
Provision for tax 452.28 648.03 647.78 906.70 975.83
Profit after tax 860.15 1,272.08 2,001.42 2,569.93 2,817.03
Dividend on equity 257.60 386.40 603.21 740.59 740.59
Net worth 5,367.71 6,190.08 11,080.33 12,788.62 14,744.92
IX. SUMMARY TERM SHEET FOR CAPITAL GAIN TAX EXEMPTION BOND SERIES IX
Security Name
Capital Gain Tax Exemption Bonds – 54EC Bonds Series IX
Issuer
Rural Electrification Corporation Limited
Type of Instrument
Bond in the nature of Debentures; Bullet Redemption (at the
end of 3 th Year from the Deemed Date of Allotment).
Nature of Instrument
Secured, Non-Convertible, Non-Cumulative, Redeemable,
Taxable Bonds, Series IX, in the nature of Debentures
Mode of Issue
Private placement
Eligible Investors 1. Individuals
2. Hindu Undivided Families (HUF)
3. Partnership firm
4. Insurance Companies
5. Companies and Body Corporates
6. Provident Funds, Superannuation Funds and Gratuity
Funds
7. Banks
8. Mutual Funds
9. Financial Institutions (FIs)
10. Foreign Institutional Investors (Subject to existing
regulations)
11. RRBs
12. NRIs investing out of NRO A/c on non-repatriable
basis
13. Co-operative Banks
However, out of the aforesaid class of investors eligible to
invest, this Information Memorandum is intended solely for
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PRIVATE & CONFIDENTIAL