Dakshin Gujarat Vij Company Limited Suo - Motu Case No ... - GERC

Dakshin Gujarat Vij Company Limited
Truing up for FY 2010-11
and Determination of Tariff for FY 2012-13
Amount Energy
Sl. No. Particulars
(Rs. Crore) (MUs)
3 UI Import 118 370
4 Total Power Purchase 4881 12783
5 Power sold to GUVNL 397 938
6 UI Export 55 141
7 Net Power Purchase cost 4429 11704
b. Depreciation Charges: The amount shown in ARR for FY 2010-11 is Rs. 105
Crore and that in the P&L statement in annual report of FY 2010-11 is Rs. 93
Crore.
Response of the Licensee:
The licensee has submitted that the depreciation in true up of FY 2010-11 is
calculated as per depreciation rates determined by CERC for different asset class
and hence does not match with annual accounts. The following table shows the
detailed calculation of Depreciation as per CERC rates.
Sr. No.
Particulars
1 Land & Land Rights
Depreciation
at Beginning
of Year
Rate of
Depreciation
2 Buildings 1.78 3.34%
3 Hydraulic Works
4 Other Civil Works
5 Plant & Machineries
6 Lines & Cable Net Works
0.05
2.19
80.77
292.47
7 Vehicles
0.31
Furniture & Fixtures &
8
Electrical Lightings 0.93
9 Office Equipments
Total Depreciation
2.78
FY 2010-11
Actuals
Depreciation
during the
Year
Depreciation
at End of
Year
- - -
5.28%
3.34%
5.28%
5.28%
9.50%
6.33%
6.33%
0.32 2.10
0.01 0.06
0.41 2.59
23.50 104.27
78.88 371.35
0.12 0.44
0.27 1.20
1.02 3.79
381.28 104.52 485.81
Gujarat Electricity Regulatory Commission Page 22
June 2012