Statement 2
Madhya Pradesh Power Generating Company Limited
Fifth Annual Report 2006-07
Balance Sheet as at March 31st, 2007 Amount in Rs.
Amount in Rs.
Sl.No. Particulars Schedule    No. As at March 31st, 2007 As at March 31st, 2006 As at March 31st, 2005
             
I SOURCES OF FUNDS :-          
1 Share holders Funds          
  Share Capital 1 2024 53 01 000   1612 71 01 000   #REF!  
  Share Deposit 1A              
  Reserves and Surplus 2 8 97 10 328   11 50 79 721     26 937  
        2033 50 11 328   1624 21 80 721   #REF!
2 Loans Funds            
  Secured Loan 3 1 23 53 000                            -              -    
  Unsecured Loans 4 & 5 2768 21 20 192   2588 66 47 236     ######
        2769 44 73 192 2588 66 47 236  
  Deferred Tax Liability                                      -    
                #REF!
  TOTAL     4802 94 84 520   4212 88 27 957   #REF!
II APPLICATION OF FUNDS :-            
3 Fixed Assets          
  (a) Gross Block 6 4748 63 56 954   4469 73 77 764            -    
  (b) Less: Depreciation   1955 85 47 118   1751 87 55 748            -    
  (c) Net Block   2792 78 09 837   2717 86 22 016            -    
  (d) Capital Work in Progress 7 2397 42 89 929   1746 82 61 158            -    
        5190 20 99 766 4464 68 83 174  
             
  Deferred Tax Asset   9 71 86 707   1 63 62 608            -  
  Less : Deferred Tax Payable   9 71 86 707                                        -    
                                        -     1 63 62 608  
               
4 Current Assets, Loans and Advances            
  Inventories 8 336 91 12 583   373 47 81 190            -    
  Sundry Debtors 9 71 44 69 882   47 60 94 077            -    
  Cash and Bank balances 10 153 24 85 387   -10 74 81 612   #REF!  
  Other Current Assets 11 130 01 49 713   145 43 54 617     3 284  
  Loans and Advances 12 66 23 12 999   44 40 08 233            -    
      757 85 30 565   600 17 56 505   #REF!  
  Less:               
  Current Liabilities  13 886 25 35 289   651 09 53 643   #REF!  
  Provisions 14 288 37 21 793   202 52 20 688     94 302  
      1174 62 57 082   853 61 74 331   #REF!  
  Net Current Assets     -416 77 26 517   -253 44 17 826   #REF!
                 
  Profit and Loss Account     29 51 11 270        
  TOTAL     4802 94 84 520   4212 88 27 957   #REF!          -  
Notes forming part of Accounts 25        
 
  0.00          -  
Note:-
MPPGCL is having some plants which are having share of other states as well. Two hydro stations are located in Rajsthan in which MPPGCL also have a share. One new palnt  Manikhera has also become operational which is not included in the scope of this petition. In Balance Sheet, for these plants, assets and expenses are considered for the share of MPPGCL. In the tariff order issued by Hon'ble Commission, it has considered 100% share of the plants which are operated by MPPGCL only. Thus there appear differences in Order and Balance sheet figures. The true up is requested for the Tariff order. However to provide cross check of accuracy, matching figures with audited balance sheet are provided in forms and thereafter the calculations for making these figures equivalent to that of tariff order has been elaborated in details in respective section.
The Commission has desired the above statement based on Audited Balance sheet and hence reproduced above.