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

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76 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 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ST MARCH 2010 PARTICULARS Year ended 31.03.2010 (Rs. in Lacs) Year ended 31.03.2009 A. Cash Flow from Operating Activities : Net Profit before Tax Adjustments for: 2,64,919.43 1,92,010.63 1. Profit / Loss on Sale of Fixed Assets -1.67 -1.03 2. Depreciation 215.50 136.16 3. Provision for fall in value of investments - 105.34 4. Provision for Bad & doubtful debts 22.18 237.05 5. Excess Provision written back 6. Profit on sale/income of investment in units of “small -107.51 -0.37 is Beautiful Fund” -67.11 -11.02 7. Loss/(Gain) on Exchange Rate fluctuation - -1,142.17 8. Dividend from Subsidiary Co.- REC PDCL -5.00 - 9. Dividend and Dividend tax paid in excess of provision 0.90 - Operating profit before working Capital Charges : Increase / Decrease : 2,64,976.72 1,91,334.59 1. Loans -15,07,138.98 -12,06,730.45 2. Other Current Assets -12,090.02 4,072.99 3. Other Loans & Advances 1,73,283.98 -4,330.83 4. Current Liabilities -1,22,135.08 64,032.91 Cash outflow from Operations -12,03,103.38 -9,51,620.79 1. Advance Income Tax Paid -67,429.97 -48,109.26 2. Income Tax refund 2,049.58 - 3. Wealth Tax paid -36.65 -2.15 4. Fringe Benefit tax paid - -132.62 Net Cash used in Operating Activities B. Cash Flow from Investing Activities -12,68,520.42 -9,99,864.82 1. Sale of Fixed Assets 8.90 13.40 2. Purchase of Fixed Assets ( incl. Advance for Capital exp.) 3. Redemption of 8% Government of Madhya Pradesh -1,123.36 -448.74 Power Bonds-II 9,432.00 14,148.00 4. Redemption of units of “Small is Beautiful” Fund 238.50 - 5. Income on Investments in units of “Small is Beautiful” Fund 67.11 11.02 6. Investment in Shares of EESL -62.50 - 7. Dividend from REC Power Distribution Company Limited 5.00 - Net Cash used in investing Activities C. Cash Flow from Financial Activities 8,565.65 13,723.68 1. Issue of Bonds 16,59,115.39 13,80,733.12 2. Redemption of Bonds -8,36,162.65 -5,26,546.00 3. Raising of Term Loans/STL from Banks/Fis (Net) 1,06,037.86 38,825.00 4. Raising of Foreign Currency Loan 58,269.18 45,665.12 5. Grants received from GOI ( Net of refund) 5,01,976.13 5,44,621.74 6. Disbursement of grants -6,00,367.03 -5,11,410.03 7. Repayment of Govt. Loan -1,532.64 -1,718.00 8. Final Dividend paid -21,467.27 -25,759.80 9. Corporate Dividend Tax paid on Final Dividend -3,648.36 -4,377.88 10. Issue of Shares 12,879.90 - 11. Security Premium on issue of Shares 2,49,918.17 - 12. Issue of Commercial Paper 3,15,000.00 1,29,500.00 13. Repayment of Commercial Paper -1,99,500.00 - 14. Interim Dividend paid -25,759.80 -17,173.20 15. Corporate Dividend Tax paid on Interim Dividend -4,377.03 -2,918.58 Net Cash in-flow from Financing Activities 12,10,381.85 10,49,441.49 Net Increase/Decrease in Cash & Cash Equivalents -49,572.92 63,300.35 Cash & Cash Equivalents as at 1st April, 2009 1,88,604.14 1,25,303.79 Cash & Cash Equivalents as at 31st March, 2010 1,39,031.22 1,88,604.14 Net Increase/Decrease in Cash & Cash Equivalents Note : Previous year figures have been rearranged and regrouped wherever necessary. -49,572.92 63,300.35
ANNEXURE TO BE ENCLOSED WITH BALANCE SHEET AS AT 31 ST MARCH 2010. 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 (As prescribed by RBI) ( Particulars as required in terms of Paragraph 9BB of Non-Banking Financial Companies Prudential Norms(Reserve Bank) Directions,1998,in so far as they are applicable to REC Ltd.) (Rs. in Lakh) Particulars Amount Outstanding Amount Overdue LIABILITY SIDE: Loans and advances availed by the NBFCs inclusive of interest accrued thereon but not paid: (a) Debentures/Bonds : (i) Secured 40,50,630.95 - (ii) Unsecured 35,470.04 - (b) Foreign Currency Loan 2,07,637.15 - (c) Term Loan from Govt. of India 4,941.84 - (d) Term Loan from Financial Institution 4,07,000.00 - (e) Term Loan from Banks 5,81,142.86 - (f) Overdrafts from Bank - - (g) Cash Credit from Banks 63,000.00 - (h) Commercial Paper 2,45,000.00 - ASSET SIDE : Break-up of Loans and Advances including bills receivable (a) Secured 41,67,701.14 (b) Unsecured 24,77,560.24 Borrower Group-wise classification of all leased assets,stock-on-hire and loans and advances : Category Secured AMOUNT NET OF PROVISIONS Unsecured Total 1. Related Parties (a) Subsidiaries - 1430.12 1,430.12 (b) Companies in the same Group - - - (c) Other related Parties - - - 2. Other than Related Parties 41,67,701.14 24,77,560.24 66,45,261.38 Total 41,67,701.14 24,78,990.36 66,46,691.50 Other Information Particulars Amount (i) Gross Non-Performing Assets (a) Related Parties (b) Other than related Parties 1,954.09 (ii) Net Non-Performing Assets (a) Related Parties - (b) Other than related Parties 199.58 (iii) Asset acquired in satisfaction of debts - 77
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CORPORATE OFFICE ZONAL OFFICES REGI
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2 CONSISTENT GROWTH OVER 10 YEARS P
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4 MISSION Mission & Objectives 41st
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6 PERFORMANCE HIGHLIGHTS 41st ANNUA
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8 ACKNOWLEDGEMENTS 41st ANNUAL REPO
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10 41st ANNUAL REPORT 2009-10 82(3)
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12 41st ANNUAL REPORT 2009-10 11. A
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14 41st ANNUAL REPORT 2009-10 As me
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16 Shri Venugopal N. Dhoot Dr. Devi
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18 SHRI DEVENDER SINGH Government N
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20 To The Shareholders, The Directo
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22 crore and Fixed Assets of Rs.89.
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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 54 and 55: 52 SOURCES OF FUNDS Shareholders’
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 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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