REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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52 SOURCES OF FUNDS Shareholders’ Funds: BALANCE SHEET AS AT 31 ST MARCH 2010 Sch. No. As at 31.03.2010 (Rs. in Lacs) As at 31.03.2009 Capital 1 98,745.90 85,866.00 Reserves and Surplus 2 10,09,287.59 5,33,142.00 Loan Funds: 11,08,033.49 6,19,008.00 Secured Loans 3 46,24,473.81 37,61,365.25 Unsecured Loans 4 9,70,349.03 7,32,230.45 55,94,822.84 44,93,595.70 Deferred Tax Liability/ (-) Assets 8 -736.76 95,668.52 Total 67,02,119.57 52,08,272.22 APPLICATIONS OF FUNDS Fixed Assets: 5 Gross Block 8,337.61 7,110.87 Less Depreciation 1,628.10 1,447.62 Net Block 6,709.51 5,663.25 Capital Work in Progress 2,281.41 2,427.04 Investments 6 90,985.87 1,00,486.36 Loans 7 66,45,261.38 51,38,144.58 Current Assets, Loans & Advances: 9 Cash and Bank Balances 1,39,031.22 1,88,604.14 Other Current Assets 57,929.02 45,843.37 Loans and Advances 11,409.90 5,698.35 Less: Current Liabilities & Provisions: 10 2,08,370.14 2,40,145.86 Liabilities 1,96,134.15 2,44,645.91 Provisions 55,354.59 33,948.96 2,51,488.74 2,78,594.87 Net Current Assets -43,118.60 -38,449.01 Total 67,02,119.57 52,08,272.22 Notes on accounts 17 Schedule 1 to 17 and Significant Accounting Policies form an integral part of Accounts. In terms of our Report of even date For K.G.Somani & Co. For Bansal & Co. For and on behalf of the Board Chartered Accountants Chartered Accountants Bhuvnesh Maheshwari D.S.Rawat B. R. Raghunandan H.D.Khunteta P. Uma Shankar Partner Partner Company Secretary Director (Finance) Chairman & Managing Director M.No. : 88155 M.No. : 83030 Firm Reg. No.: 006591N Firm Reg. No.: 001113N Place: New Delhi Date: 19 th May, 2010
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2010 Sch. No. Year ended (Rs. in Lacs) Year ended 31.03.2010 31.03.2009 INCOME Operating Income (Net) 11 6,54,975.79 4,75,717.01 Other Income 12 15,784.49 17,410.79 Total EXPENSES 6,70,760.28 4,93,127.80 Interest and Other Charges 13 3,89,607.06 2,88,734.95 Establishment Expenses 14 11,710.10 8,722.35 Administration Expenses 15 2,767.61 2,240.55 Bond/ Debt Instrument Issue Expenses 16 1,507.73 979.50 Provision for bad & doubtful debts 22.18 237.05 Provision for Diminution in Investments - 105.34 Depreciation 215.50 136.16 Total 4,05,830.18 3,01,155.90 PROFIT BEFORE PRIOR PERIOD ITEMS 2,64,930.10 1,91,971.90 Prior period adjustment - expenses/ (Income) (net) 10.67 (38.73) PROFIT BEFORE TAX Provision for Tax: 2,64,919.43 1,92,010.63 Tax -Current Year 69,558.67 50,688.31 - Earlier year 2.83 2.15 - Adjustment for earlier years -4,835.11 - - Deferred tax - Current Year 51.46 13,960.70 Fringe Benefit Tax - 151.71 Total 64,777.85 64,802.87 PROFIT AFTER TAX AND AVAILABLE FOR APPROPRIATION 2,00,141.58 1,27,207.76 Add: Reversal of Deferred Tax Liability - Earlier Years 32,576.87 - TOTAL AMOUNT AVAILABLE FOR APPROPRIATION Appropriations: 2,32,718.45 1,27,207.76 Transfer to Special Reserve u/s 36(1)(viii) of the Income Tax Act,1961 45,803.00 34,000.00 Reserve u/s 36(1)(viia) of the Income Tax Act,1961 for Bad & Doubtful Debts 10,760.00 8,000.00 Interim Dividend Corporate Dividend Tax 25,759.80 17,173.20 - Interim Dividend 4,377.03 2,918.58 Proposed Dividend 34,561.07 21,466.50 Dividend Tax on Proposed Dividend 5,740.16 3,648.23 Transfer to General Reserve 50,000.00 25,500.00 Surplus carried to Balance Sheet 55,717.39 14,501.25 Total Basic & diluted Earning Per Share of Rs 10/- each- 2,32,718.45 1,27,207.76 Amount in Rs. [refer note on accounts (Schedule-17)] 23.06 14.81 Schedule 1 to 17 and Significant Accounting Policies form an integral part of Accounts. In terms of our Report of even date For K.G.Somani & Co. For Bansal & Co. For and on behalf of the Board Chartered Accountants Chartered Accountants Bhuvnesh Maheshwari D.S.Rawat B. R. Raghunandan H.D.Khunteta P. Uma Shankar Partner Partner Company Secretary Director (Finance) Chairman & Managing Director M.No. : 88155 M.No. : 83030 Firm Reg. No.: 006591N Firm Reg. No.: 001113N Place: New Delhi Date: 19 th May, 2010 53
Page 2 and 3:
CORPORATE OFFICE ZONAL OFFICES REGI
Page 4 and 5: 2 CONSISTENT GROWTH OVER 10 YEARS P
Page 6 and 7: 4 MISSION Mission & Objectives 41st
Page 8 and 9: 6 PERFORMANCE HIGHLIGHTS 41st ANNUA
Page 10 and 11: 8 ACKNOWLEDGEMENTS 41st ANNUAL REPO
Page 12 and 13: 10 41st ANNUAL REPORT 2009-10 82(3)
Page 14 and 15: 12 41st ANNUAL REPORT 2009-10 11. A
Page 16 and 17: 14 41st ANNUAL REPORT 2009-10 As me
Page 18 and 19: 16 Shri Venugopal N. Dhoot Dr. Devi
Page 20 and 21: 18 SHRI DEVENDER SINGH Government N
Page 22 and 23: 20 To The Shareholders, The Directo
Page 24 and 25: 22 crore and Fixed Assets of Rs.89.
Page 26 and 27: 24 (DSM), Municipal DSM, Bachat Lam
Page 28 and 29: 26 Sl. Programme No. of No. of No.
Page 30 and 31: 28 21.3 Four quarterly review meeti
Page 32 and 33: 30 Electricity Department of Manipu
Page 34 and 35: 32 41st ANNUAL REPORT 2009-10 TABLE
Page 42 and 43: 40 The performance orientation buil
Page 44 and 45: 42 As a listed company and a good c
Page 46 and 47: 44 (ii) The terms of reference of t
Page 48 and 49: 46 3.1.8 FPO Committee During the y
Page 50 and 51: 48 the Company are published in lea
Page 52 and 53: 50 (xi) Distribution of Shareholdin
Page 56 and 57: 54 Authorised SCHEDULE ‘1’ CAPI
Page 58 and 59: 56 88th Series - 8.65% Redeemable a
Page 60 and 61: 58 SCHEDULE- ‘5’ FIXED ASSETS A
Page 62 and 63: 60 SCHEDULE ‘8’ DEFERRED TAX LI
Page 64 and 65: 62 SCHEDULE ‘11’ OPERATING INCO
Page 66 and 67: 64 SCHEDULE ‘15’ ADMINISTRATION
Page 68 and 69: 66 15. Auditors’ Remuneration inc
Page 70 and 71: 68 25. Subsequent to settlement of
Page 72 and 73: 70 Changes in the Fair value of Pla
Page 74 and 75: 72 Rs. In Lacs. Particulars As at N
Page 76 and 77: 74 For the purpose of application o
Page 78 and 79: 76 In terms of our Report of even d
Page 80 and 81: 78 To The Members of Rural Electrif
Page 82 and 83: 80 by our audit and in the immediat
Page 84 and 85: 82 COMMENTS OF THE COMPTROLLER & AU
Page 86 and 87: 84 CONSOLIDATED SOURCES OF FUNDS Sh
Page 88 and 89: 86 CONSOLIDATED Authorised SCHEDULE
Page 90 and 91: 88 CONSOLIDATED 88th Series - 8.65%
Page 92 and 93: 90 CONSOLIDATED SCHEDULE- ‘5’ C
Page 94 and 95: 92 CONSOLIDATED SCHEDULE ‘8’ DE
Page 96 and 97: 94 CONSOLIDATED SCHEDULE ‘11’ O
Page 98 and 99: 96 CONSOLIDATED SCHEDULE ‘17’ C
Page 100 and 101: 98 CONSOLIDATED 21. Disclosure in r
Page 102 and 103: 100 CONSOLIDATED Amounts recognized
Page 104 and 105:
102 CONSOLIDATED 35. The Corporatio
Page 106 and 107:
104 CONSOLIDATED CONSOLIDATED SIGNI
Page 108 and 109:
106 AUDITORS’ REPORT TO THE BOARD
Page 110 and 111:
108 ADDRESSES OF REC OFFICES Sl. RE
Page 112 and 113:
110 Sl. REC Offices Addresses Telep
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REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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