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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART SECTION MINISTRY OF CORPORATE AFFAIRS Notification New Delhi dated the 7 G.S.R. 871 (E) with clause (d) of sub and in supersession of the Cost Accounting Records (Electricity Industry) Rules, 2001 vide G.S.R. 913(E), dated the 21 to be done before such supersession, the Central Government hereby makes the following rules, namely: 1. Records (Electricity Industry) Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. (a) (b) signed by a cost accountant in the specified form of compliance report; (c) defined in clause (b) of sub Accountants Act, 1959 (23 of 1959) and who is either a permanent employee of the company or holds a valid certificate of practice under sub section 6 and who is deemed to be in practice under sub 2 of that Act and includes a firm of cost accountants; (d) “Cost Accounting Standards” means the standards of cost accounting, issued by the Institute; (e) “cost records” means books of account relating to utilisation of materials, labour and other items of cost as applicable to the production, processing, manufacturing or mining activities of the company; (f) “electricity activities” means any act, process, procedure, function, operation, technique, treatment or method employed in relation to generation of electricity from any source of energy, and includes transformation, ‐ transmission, distribution, or supply of electricity by any mode, or medium, and further includes intermediate and allied activities thereof; (g) “Form and other documents with the Central Government in the electronic mode; (h) “Form the compliance report; (i) “Generally Accepted Cost Accounting Principles” means the principles of cost accounting issued by the Institute; (j) “Institute” means the Institute of Cost and Works Accountants of India constituted under the Cost and Works Accountants Act, 1959 (23 of 1959); (k) “product” means any tangible or intangible good, material, substance, article, idea, know human, mechanical, industrial, chemical, or natural act, process, procedure, function, operation, technique, or treatment and is intended for use, consumption, sale, transport, store, delivery or disposal; (l) “product group” in relation to tangible products means a group of homogenous and alike products, produced from same raw materials and by using similar or same production process, having similar physical or chemical characteristics and common unit of measurement, and having same or similar usage or application; and in relation to intangible products means a group of homogenous and alike products or services, produced by using similar or same process or inputs, having similar characteristics and common unit of measurement, and having same or similar usage or application; (m) “turnover” means total turnover made by the company from the sale or supply of all products or services during the financial year and it includes any turnover from job work or loan license operations and the subsidies or grants or incentives received but does not include any non (n) all other words and expressions used in these rules but not defined, and defined in the Act and rules made under clause (d) of sub 209 of the Act shall have the same meanings as assigned to them in the Act or rules, as the case may be. 3. as defined under section 591 of the Act, which is engaged in the production, processing, or manufacturing of electricity activities and wherein, the aggregate value of net worth as on the last date of the immediately preceding financial year exceeds five crores of rupees; or wherein the aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds twenty crores of rupees; or wherein the company’s ‐ equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India: Provided that these rules shall not apply to a body corporate governed by any special Act. 4. units and branches thereof shall, in respect of each of its financial year commencing on or after the date of this notification, keep cost records and the books of account so maintained shall contain, inter mentioned in the Schedule annexed to these rules. (2) The cost records referred to in sub such manner so as to make it possible to calculate per unit cost of production or cost of operations, cost of sales and margin for each of its products and activities for every financial year on monthly or quarterly or half annual basis. (3) The cost records shall be maintained in accordance with the generally accepted cost accounting principles and cost accounting standards issued by the Institute; to the extent these are found to be relevant and applicable and the variations, if any, shall be clearly indicated and explained. (4) The cost records shall be maintained in such manner so as to enable the company to exercise, as far as possible, control over the various operations and costs with a view to achieve optimum economies in utilization of resources and these records shall also provide necessary data which is required to be furnished under these rules. (5) All such cost records and cost statements, maintained under these rules shall be reconciled with the audited financial statements for the financial year specifically indicating expenses or incomes not considered in the cost records or statements so as to ensure accuracy and to reconcile the profit of all product groups with the overall profit of the company and the variations, if any, shall be clearly indicated and explained. (6) All such cost records, cost statements and reconciliation statements, maintained under these rules, financial years immediately preceding a financial year or where the company had been in existence for a period less than eight years, in respect of all the preceding years shall be kept in good order. (7) Every person, referred to in sub Companies Act, 1956 (1 of 1956), shall take all reasonable steps to secure compliance by the company with the provisions of these rules in the same manner as he is liable to maintain accounts required under sub section 209 of the said Act. ‐ 5. submit a compliance report, in respect of each of its financial year commencing on or after the 1 Annexure to the Central Government, in the specified form. 6. compliance report referred to in rule 5 to the Central Government within a period of one hundred and eighty the compliance report relates. 7. compliance report shall be approved by the Board of Directors and certified by the Cost Accountant before submitting the same to the Central Government by the company. 8. provisions of these rules, he shall be punishable with fine, which may extend to five thousand rupees. (2) For contravention of these rules, (a) the company shall be punishable as provided under sub section 642 of the Act; and (b) every officer thereof who is in default, including the persons referred to in sub under sub 1956). 9. Rules, 2001, shall not in any way affect (a) any right, obligation or liabilities acquired, accrued or incurred thereunder; (b) any penalty, forfeiture or punishment incurred in respect of any contravention committed thereunder; and (c) any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty, forfeiture or punishment as aforesaid, and; any such investigation, legal proceeding or remedy may be instituted, continued or enforced and any such penalty, forfeiture or punishment may be imposed as if those rules had not been superseded. ‐ FORM documents with the Central Government [Pursuant to section 209(1)(d), 600(3)(b) of the Companies Act, 1956 and rule 2 of the Cost Accounting Records (Electricity Industry) Rules, 2011] PART I Note: All fields marked in * are to be mandatorily filled. 1 (a) *Corporate identity number (CIN) or foreign company registration number of the company Pre (b) Global location number (GLN) of company 2 (a) *Name of the company (b) *Address of the registered office or of the principal place of business in India of the company (c) *E 3 (a) *Financial year covered by the compliance report From (DD/MM/YYYY) To (DD/MM/YYYY) (b) *Date of Board of directors’ meeting in which annexure to the compliance report was approved (DD/MM/YYYY) 4. (a) *Category of the cost accountant Individual Cost accountant’s firm (b) In case of individual, whether the cost accountant is in permanent employment of the company or in practice In Employment In Practice (c) *Name of the cost accountant or the cost accountant’s firm who has certified the cost records of the company (d) *Income tax permanent account number of the cost accountant or the cost accountant’s firm ‐ (e) *Membership number of cost accountant or cost accountant’s firm’s registration number (f) Address of the cost accountant or cost accountant’s firm (i) Line I Line II (ii) City (iii) State (iv) Country (v) Pin Code (g) *E cost accountant’s firm 5. Sno. Name of the Product or Service Group Unit Annual Net Sales Production (Quantity) (Quantity) (Value in Rupees) A Produced or Manufactured Product 1. 2. 3. etc. B Services Groups 1. 2. 3. etc. C Trading Activities (Product Group 1. 2. 3. etc. D Other Income Total Income as per Financial Accounts PART Attachments: 1 Compliance report as per the Cost Accounting Records (Electricity Industry) Rules, 2011 Attach 2 Optional attachments(s) – if any List of attachments ‐ Remove attachment Verification: To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete. I have been authorised by the Board of directors’ resolution number dated to sign and submit this form. I am authorised to sign and submit this form. To be digitally signed by: Managing Director or director or manager or secretary (in case of an Indian company) or an authorised representative (in case of a foreign company) Digital Signatures *Designation *Director identification number of the director or Managing Director; or Income of the manager or of authorised representative; or Membership number, if applicable or income may quote his/her income Director of the company Digital Signatures Director identification number of the director Modify Check Form Pre This e on the basis of statement of correctness given by the filing company FORM FORM OF COMPLIANCE REPORT [See rule 2, and rule 5] ‐ I or We ........................................... being in permanent employment of the company or in practice, and having been appointed as cost accountant under Rule 5 of the Cost Accounting Records (Electricity Industry) Rules, 2011 of …........................................................... of the company) registered office address of the company) examined the books of account prescribed under clause (d) of sub said Act, and other relevant records for the period/year ............................. year) 1 I or We have or have not obtained all the information and explanations, which to the best of my or our knowledge and belief were necessary for the purpose of this compliance report. 2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Electricity Industry) Rules, 2011 prescribed under clause (d) of sub Companies Act, 1956, have or have not been maintained by the company so as to give a true and fair view of the cost of production or operation, cost of sales and margin of all the products and activities of the company. 3 Detailed unit respect of the product groups or activities are or are not kept in the company. 4 In my or our opinion, the said books and records give or do not give the information required by the Companies Act, 1956 in the manner so required. 5 In my or our opinion, the said books and records are or are not in conformity with the generally accepted cost accounting principles and cost accounting standards issued by The Institute of Cost and Works Accountants of India, to the extent these are found to be relevant and applicable. Dated: this ____ day of _________ 20__ at _________________ ( signing this report SIGNATURE & SEAL OF THE COST ACCOUNTANT (S) MEMBERSHIP NUMBER (S) NOTES: (i) Delete words not applicable. (ii) If as a result of the examination of the books of account, the cost accountant desires to point out any material deficiency or give a qualified report, he shall indicate the same against the relevant para. (iii) Briefly give your observations and suggestions, if any, relevant to the maintenance of cost accounting records by the company. ‐ (iv) Cost accountant may use separate sheet(s) for (ii) and (iii) above, if required. ANNEXURE TO THE COMPLIANCE REPORT [See rule 2 and rule 5] 1. GENERAL: a) Name of the company: b) Registered office address: c) Financial year to which the Compliance Report relates. 2. QUANTITATIVE INFORMATION: Sno. Name of the Product or Service Net Sales Group Unit Annual Production (Qty.) (Qty.) (Value in Rupees) A Produced or Manufactured Product Groups 1. 2. 3. etc. B Services Groups 1. 2. 3. etc. C Trading Activities (Product Groupwise) 1. 2. 3. etc. D Other Income Total Income as per Financial Accounts 3. RECONCILIATION STATEMENT: Net Margin (Profit or Loss) as per Cost Accounts (In Rupees) A. From Produced or Manufactured Product Groups B. From Services Groups C. From Trading Activities Total as per Cost Accounts Add: Incomes not considered in Cost Accounts (if any) ‐ Less: Expenses not considered in Cost Accounts (if any) Add/Less: Difference in Stock Valuation Profit or (Loss) as per Financial Accounts NOTES: (i) For produced or manufactured product groups, use the nomenclature as used in the Central Excise Act or Rules, as applicable. (ii) For services groups, use the nomenclature as used in the Finance Act or Central Service Tax Rules, as applicable. SIGNATURE NAME COST ACCOUNTANT (S) MEMBERSHIP NUMBER (S) SEAL DATE "SCHEDULE” [See rule 4] PROFORMA 'A' Statement showing the cost of utilities like water collection, water treatment, ash handling plant, effluent treatment, etc Name of the Company Name and address of the Plant Name of the Utility For the period I Quantitative Information Sno. Particulars Unit Current Year Previous Year A1 Installed capacity 2 Quantity produced 3 Capacity utilization % 4 Quantity re 5 Quantity purchased, if any 6 Self specified) 7 Net units consumed B1 Gross fixed assets at the end of the year /period Rs./Lakh 2 Net fixed assets at the end of the year/period Rs./Lakh 3 Date of commissioning ‐ II Cost Information Sno. Particulars Quantity Rate (Rs. per unit) Amount (Rupees) Cost per unit (Rupees) Current Year Previous Year 1 Materials consumed (specify details) a) Indigenous purchased b) Imported d) Self manufactured/produced 2 Utilities (specify) 3 Direct Employees Cost 4 Direct Expenses 5 Consumable Stores and Spares 6 Repairs and Maintenance 7 Depreciation 8 Other Overheads 9 Total 10 Less: Credits, if Any 11 Net total Apportioned to cost centre or activity : Basis Qty Amount i. ii. iii. iv. etc. PROFORMA 'B' Statement showing the cost of procurement of coal, lignite, gas, naphtha, fuel oil, bagasse or any other primary or secondary conventional or non Name of the Company Name and address of the Plant Name/Type of Fuel For the period Sno. Particulars Quantity Rate Amount Cost per unit (Rupees) Rs. per Unit Rs. Current Year Previous Year A1 Purchase : (a) Total purchased (b) Less: deduction for driage, loss in ‐ Sno. Particulars Quantity Rate Amount Cost per unit (Rupees) Rs. per Unit Rs. Current Year Previous Year transit etc. (c) Net weight of receipt at the gate 2 Other Incidental Charges : (a) Commission or brokerage paid (b) Loading and unloading (c) Taxes and levies (d) Transportation charges (e) Others, if any (specify) (f) Sub total 3 Total 1(c) + 2(f) B Fuel procured from own or leased land or companies 1 Opening balance in the land or companies 2 Procurement during the year and the related expenses : (a) Royalty (b) Storage (c) Expenses at collection centres (specify) (d) Share of land development expenses, if any (e) Sub total 3 Less : Expenses for Driage, Burning, Pilferage etc. 4 Less : Closing Stock 5 Net quantity transferable to factory gate 6 Other incidental charges : (a) Loading and unloading (b) Transportation charges (c) Others, if any (specify) (d) Sub total 7 Total quantity or cost at the factory gate (5+6) C Total (A3+B7) D Cost of issues from storage : 1 Opening Stock at Storage 2 Transferred from gate (item C above) 3 Sub total (1+2) 4 Less : Deduction for Driage and other losses at storage 5 Less : Closing Stock 6 Cost of net quantity transferred to Proforma ‘C’ PROFORMA ‘C’ Statement showing the Cost of generation of Power (Thermal or Hydroelectric or Gas ‐ Turbine or Atomic or Wind or Solar, etc.) Name of the Company Name and Address of the Generating Unit Type of Generation For the Period/Year I Quantitative Information Sno. Particulars Unit Current Year Previous Year A1 Installed Capacity 2 Minimum power to be purchased under PPA 3 Planned Outage 4 Forced Outage 5 Plant Availability 6 Loss due to backing down 7 Reserve Outage 8 Partial Unavailability Factor 9 Power Generated 10 Plant Load Factor 11 Auxiliary Power Consumption 12 Free supply, if any, to employee and office 13 Net Power Generated 14 Add Power Purchased, if any 15 Power Available for Transmission 16 Station Heat Rate (Kcal or KWH) B1 Gross Fixed Assets at the end of the year/period Rs. Lakhs 2 Net Fixed Assets at the end of the year/period Rs. Lakhs 3 Date of Commissioning II Cost Information Sno. Particulars Quantity and calorific value of the fuel used Rate Amount Cost per unit (Rs./KWH) Rs. per Unit Rs. Current Year Previous Year 1 Material/Fuel cost: IMPORTED (a) Coal (b) Lignite (c) Naphtha or Oil (d) Gas (e) Bagasse (f) Others (specify) INDIGENOUS (a) Coal (b) Lignite (c) Naphtha / Oil (d) Gas (e) Bagasse (f) Others (specify) Total Material or Fuel cost ‐ Sno. Particulars Quantity and calorific value of the fuel used Rate Amount Cost per unit (Rs./KWH) Rs. per Unit Rs. Current Year Previous Year 2 Utilities, (specify) 3 Direct Employees cost 4 Consumable Stores and Spares 5 Repairs and Maintenance 6 Insurance 7 Lease Rent, if any 8 Ash handling 9 Research and Development 10 Royalty or Technical know any 11 Depreciation or Amortization 12 Other Plant Overheads 13 Administrative Overhead 14 Total (1 to 13) 15 Less: Credits, if any (specify) 16 Cost of Generation 17 Selling Expenses, if any 18 Cost of Sales 19 Interest and Financing Charges : 20 Total cost of generation (excluding electricity duty and other statutory levies) transferred to Proforma 'D' 21 Add : Shortfall in minimum off quantity of power by Electricity Board, etc. 22 Total (20+21) 23 If sold, Sales Realisation: (i) at Notified rates approved by Regulatory Bodies) (a) Base Amount (b) Incentive Amount (c) Others (specify) (ii) Sales at other than notified rates (a) Base amount (b) Incentive amount (c) Others (specify) (iii) Total (i) +(ii) 24 Margin (23 PROFORMA 'D' Statement showing the cost of Transmission or Distribution Name of the Company Name and Address of the Generating Unit For the Period/Year I Quantitative Information ‐ Sno. Particulars Unit Current Year Previous Year A1 Surge Impendence Loading(SIL) or Rated Voltage 2 Power received from generating units including purchased, if any 3 Loss in transmission or distribution 4 Self Consumption for employees and office 5 Net Power Transmitted or Distributed 6 Length of Transmission or Distribution lines B1 Gross Fixed Assets at the end of the year/period Rs. Lakhs 2 Net Fixed Assets at the end of the year/period Rs. Lakhs 3 Date of Commissioning II Cost Information Sno. Particulars Quantity Rate Amount Cost per Unit (Rs.) Rs. per Unit Rs. Current Year Previous Year 1 Cost of Power : (a) Self generated transferred from Proforma ‘C’ (b) Purchased (i) Thermal (ii) Hydro (iii) Atomic, etc. (c) Sub 2 Utilities, (specify details) 3 Direct Employees Cost 4 Consumable Stores and Spare 5 Repairs and Maintenance: (a) Sub (b) Transmission Lines 6 Insurance 8 Lease Rent, if any 9 Quality Control Expenses 10 Research and Development 11 Royalty or Technical know any 12 Depreciation or Amortization 13 Other Plant Overheads 14 Total Cost of Transmission/Distribution 15 Less: Credits, if any 16 Administrative Overheads 17 Selling Expenses 18 Interest and Financing Charges : 19 Cost of Sales 20 Total cost of Transmission or Distribution transferred to Proforma 'E' 21 If sold, sales realization or Transmission Charges or Distribution Charges i) at Notified rates approved by Regulatory Bodies) ‐ Sno. Particulars Quantity Rate Amount Cost per Unit (Rs.) Rs. per Unit Rs. Current Year Previous Year (a) Base amount (b) Incentive amount (c) others (specify) (ii) Sales at other than notified rates (a) Base amount (b) Incentive amount (c) Others (specify) (iii) Total (i) +(ii) 22 Margin (20 23 Add: Export Benefits and Incentives, if any 24 Total Margin (21 + 22) PROFORMA 'E' Statement showing the cost of supply (consumer servicing and billing, etc.) Name of the Company Name and Address of the Supplying Unit For the Period/Year I. Quantitative Information Sno. Particulars Current Year Previous Year A1 Installed Capacity 2 Power Received Number of consumers Unit Number of consumers Unit 3 Power Supplied : (a) Domestic (b) Commercial (c) Industrial (d) Public Lighting (e) Agriculture (f) Others Total (a to f) 4 Losses 5 Area Covered (square KM) B1 Gross fixed assets at the end of the year/period (Rs./Lakhs) 2 Net fixed assets at the end of the year/period (Rs./Lakhs) 3 Date of Commissioning II. Cost Information Sno. Particulars Quantity Rate Amount Cost per unit (Rupees) Rs. per Unit Rs. Current year Previous Year 1 Cost of Power : (a) Transferred Proforma 'D’ (b) Purchased (c) sub total ‐ Sno. Particulars Quantity Rate Amount Cost per unit (Rupees) Rs. per Unit Rs. Current year Previous Year 2 Direct Employees Cost (a) Maintenance of lines (b) Billing including meter reading (c) Others (specify) Sub total (a to c) 3 Consumables Stores and Spares 4 Servicing and Contract Work 5 Insurance 6 Depreciation 7 Lease Rent, if any 8 Other Supply Overheads 9 Administrative Overhead: 10 Total (1 to9) 11 Selling Expenses 12 Interest (net of Interest on consumer deposits) 13 Total Cost of Sales 14 Sales Realization 15 Margin (14 16 Average Sale Realization (a) Domestic (b) Commercial (c) Industrial (d) Public Lighting (e) Agriculture (f) others 18 PROFORMA ‘F’ Statement showing Activity Name of the Company Name and Address of the Plant/Unit For the Period/Year Sno. Particulars Gross Block Depreciation Net Block Assets (Specify assets activity wise) Cost as at beginning of the year Additions or Transfers during the year Deductions or Transfer during the year Total Cost at the end of the year As at beginning of the year For the year On deductions during the year Total at the end of the yea As at beginning of the year As at the end of the year A. Generation (specify) 1. 2. etc B. Transmission 1. 2. etc C. Distribution 1. 2. etc D. Servicing or Billing or Administrative or Marketing 1. 2. etc E. Common 1. 2. F. Others 1. 2. H. Grand Total as per Audited Accounts (A to G) 19 PROFORMA ‘G’ Statement showing Allocation and Apportionment of Total Expenses and Income of the Company Name of the Company Name and Address of the Plant/Unit For the Period/Year (Amount in Rupees) Sno. Particulars Total Expenses as per Audited Financial Accounts Total as per Annual Accounts of Generation Units Total as per Annual Accounts of Transmissio n Units Total as per Annual Accounts of Distributi on Units Total as per Annual Accounts of supply or billing Units Other activities (specify) Utilities (separate ly for each) Factory Overhead s Administr ation Overhead s Marketin g or Selling and Distribution Other cost centres (specify) Non Cost Expenses 1. Direct Materials (specify) 2. Process Materials (specify) 3. Chemicals (specify) 4. a) Fuel b) Own Production 5. a) Salaries, Wages, Bonus Etc. b) Contribution to Provident and Other Funds c) Staff Welfare Expenses 6. Consumable Stores and Spares 7. a) Plant & Machinery b) Buildings c) Transmission and Distribution Assets d) Others 20 Sno. Particulars Total Expenses as per Audited Financial Accounts Total as per Annual Accounts of Generation Units Total as per Annual Accounts of Transmissio n Units Total as per Annual Accounts of Distributi on Units Total as per Annual Accounts of supply or billing Units Other activities (specify) Utilities (separate ly for each) Factory Overhead s Administr ation Overhead s Marketin g or Selling and Distribution Other cost centres (specify) Non Cost Expenses 8. Other Direct Expenses (specify) 9. Rent 10. Insurance 11. Rates and Taxes 12. Payment To Auditors 13. Traveling and Conveyance 14. Communication Expenses 15. Printing and Stationery 16. Bank Charges 17. Sales Promotion Expenses 18. Handling Expenses 19. Miscellaneous Expenses 20. Transportation Charges 21. Quality Control 22. Royalty or Technical Know 23. Technical Assistant Fees 24. Other Statutory Levies 25. Cess 26. Lease Rent 27. Research and Development 28. Borrowing Charges 29. Loss on Assets Sold, Lost or Written Off 30. Exchange Rate Fluctuations 31. Provision For Doubtful Debts, Advances, Claims & Obsolescence 21 Sno. Particulars Total Expenses as per Audited Financial Accounts Total as per Annual Accounts of Generation Units Total as per Annual Accounts of Transmissio n Units Total as per Annual Accounts of Distributi on Units Total as per Annual Accounts of supply or billing Units Other activities (specify) Utilities (separate ly for each) Factory Overhead s Administr ation Overhead s Marketin g or Selling and Distribution Other cost centres (specify) Non Cost Expenses 32. Provision for Cost Adjustment 33. Interest on Security Deposit 34. Delayed Payment Surcharge 35. Provision for Contingencies 36. Depreciation or Depletion 37. Total Expenses 38. Less, Credit for Recoveries 39. Less, Self Consumption, if any, 40. electricity Duty and other statutory levies, if any 41. 42. Duty and other statutory levies, if any 43. Electricity Duty and other statutory levies, if any 44. Add: Export Benefit, if any 45. Account 22 PROFORMA ‘G Statement showing Apportionment of Overheads Name of the Company Name and Address of the Unit For the Period/Year Cost Centres Factory Overheads Administration Overheads Marketing / Selling & Distribution Other Overheads (specify) Rs. Rs. Rs. Rs. Utilities (specify) Cost Centres (specify) 1. 2. 3. 4. Others (specify) Total (as per Proforma H) Proforma ‘H’ Statement of Profit Reconciliation (for the company as a whole) Name of the Company For the Period/Year Sno. Particulars Current Year (Rs) Previous Year (Rs) 1 Profit or Loss as per Cost Accounting Records a)For the audited product groups b)For the un 2 Add: Incomes not considered in cost accounts: (a) Specify (b) (c) (d) 3 Less: Expenses not considered in cost accounts: (a) Specify (b) (c) (d) 4 Add: Overvaluation of Closing Stock in Financial Accounts 5 Add: Undervaluation of Opening Stock in Financial Accounts 6 Less: Undervaluation of Closing Stock in Financial Accounts 7 Less: Overvaluation of Opening Stock in Financial Accounts 8 Adjustments for others, if any (specify 9 Profit or Loss as per Financial Accounts Notes: 23 1. Separate cost statement shall be prepared for each major utility in Proforma ‘A’. 2. Separate cost statement shall be prepared for different kind of materials or fuels such as coal, lignite, gas, naphtha, bagasse, etc (for indigenous and imported material separately) in Proforma ‘B’. In case of imported materials or fuels, details such as FOB price, freight, insurance, other landing charges etc. shall be indicated in a separate statement. 3. Any adjustment for incentives or penalties or other charges (like VAT etc.) charged by the supplier in the current year bills relating to material or fuel received during previous year(s) shall be excluded from current year cost and indicated by way of a foot note. 4. Where the company has its own facilities or mines to produce coal, lignite, etc., cost of raising such material shall be worked out in detail using Proforma 'B', to be suitably modified. 5. Separate plant ‘C’ for each type of generation viz. Hydro captive consumption, power sold within the country and the power exported. Expenses incurred on export and the incentive earned thereon shall be indicated in the proforma applicable for the quantity produced and exported. Cost per unit shall be computed with reference to net units of power generated. 6. Separate Cost Statement shall be prepared in Proforma ‘D’ for cost of transmission and cost of distribution. Proforma used for working out cost of transmission shall be named as D and areas. Proforma used for working out cost of distribution modifications) shall be named as D major zones and areas. 7. Proforma ‘E’ meant for supply or distribution activity may be suitably modified to meet the requirement of the industry. 8. The items of cost shown in the proforma are indicative and the same shall be reflected keeping in mind the materiality of each item of cost in the product and activity group. 9. If the company enters into a wheeling arrangement for transmission, necessary payment or receipt may be recorded as separate item under the relevant proforma. 10. All items of income, expenditure and margin in Proforma ‘G’ and ‘H’ shall be reconciled with the financial accounts for the relevant period/year. [F. No. 52/7/CAB B.B.GOYAL Adviser (Cost)
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