Standalone Financial Statements

2019-2020

I
 WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED
Balance Sheet as at 3ast March 2o2o
As at 31st As at 31st
Pa rtic ula rs NO March 2()2O March 2() L9
( Rs. ln la khs)
ASSETS
]' No n-Current Assets
(a) Prooertv, Plant and Equioment (1) 22,29,202 L9,27 ,492
lbll CaDital 1^/ork in-oroqress (1)
(1)
2,32.302 2.1-6,262
(c) Other lntanqible Assets 4,460 3,063
(d) l F lnancial Assets
(i) lnvestments t2t
(ia) Trade Receivables (3) 43.262 ),2,992
(iii) Other Financial Assets l4t 1,13 6 1,A59
(e) other Non-current assets (s) 3,17,27t 2,40,o56
Total Non-Current AsSets 2A,27 ,633 24,4L.724
2 Cu rrent Assets
(a) (6) 74.946 67 ,932
(b) inancial Assets
F
(i) Trade Receivables t7) 6,20.901 6.15,466
(ii) Cash and Cash equivalents (a) 64.270 a6.tt2
nnrl Bank Balances other than (ii) above (e) 91.434 / 5,992
Loans (10) 2,006 2,13 0
-(", Other Financial Assets ( 11) 1, 13,7 50 50,776
(c) Other Current assets (12) r5.549 13,a25
(d) assets Classified as Hell for Sale (13) 947 521
Total Current assets 9,4 7,4 o 3 9.12 ,7 54
Tota I Assets 3 a.15.4 3 6 33,54,478
Requlatorv deferral account Deblt Ealance (14) 15,5 1.9 L 4 t3.t4,o-12
Total Assets and Regulatory deferral account 53,67,350 46,68.55()
Deblt Balance
EQUTTY AND LIABTLITIES
Eq u ity
(a) Eauitv Share Caoital (1s) 2,36,589 2 ,3 1,68 6
(b) Other Equitv
(D Reserve and surplus (16) 30,240 27 ,444
Total Eq uity 2,66,469 2,59,130
Oeferred Government Grants & Consumers' (t /t 17.96,214 15,99,955
Contrlbutlons
Lia bllities
I Non-Current liabilities
(a) F inancial Liabilities
(i) (14) 6,32,544 5,2a,631
(ii) Trade Payables (19) at2 2.326
(iii) Securitv Deposit from Consumers (20 ) 3,9 4,5 r 9 3,61 ,414
( iv) other Financial Liabilitbs (2 1) 36,796 33,5rO
(t,) Deferred Tax Liabilities (Net) (22t
(c) Other Non Current Liabilities
(i) <23) 39,556 29,895
Tota I Non-Current llabllltles LL,24.?37. 9.49-1aO
2 Current lia bilities
(a) F inancial Liabilities
(i) Borrowings 124) 5,46,O36 5.22,493
(ii) Trade Payables (2st 7,54,45O 5.95,472
(iii) Security Deposit from Consumers t26t L3,770 r 3,3 40
(iv) Other Financial Liabilities (27) 4.11-t 26 4,25,60 1
(b) Empbyee Benefit Obhqations (24) t9,422 22,235
(c) 129> 59
3,OA,O 2,30,990
(d) Other Current Liabilitles (30) ,433
47 49,7 4A
Total Current lla bllities 21.4O,O36 14,6 0,2 45
Total lia bilit ies 31.o4,26'' 28,O9,46s
Total Equlty,llabilitles & Deferred Government 53.67,35() 46.64,550
Grants & Consumers' Contrlbutlons

Notes forming part of Financial Statements 1 to 61

This is the Balance Sheet referred to in our Report of even date.

CQ LLP For & on behalf of the

c U NTANTS
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n Vf*/ At*"^ Pti>-ot.
(otkata t x.x.&osnt (Aparna Biswas) (sa nu Basu)
Chief rinanclal Offlc€r Company Secretary Chairman & Managing [Link]
Membership No: DIN:O 7 21.4541
FAaa6

Membership No. O122Oa

UolN: 2OO122OaAAAAAQ6717
oate: 2sth S€ptember 2o2o

_7 _
 WEST BEXGAL STAIE ELECTRICITY DISTRIAUTI(,I' C()HPA"Y LII']TED
Sftc'rlcrlt of Prorft..rd Lors for th€ [Link] Gndcd [Link] [Link] 2O2O
Pert-uL.5 2(,19-20 201A-19

1 Revenue from operations

(a) Revcrire from Sab of P*et { 31) 22.20.594 20.44.397
(b) OlttEr [Link] RelefiJe 132) 55,434 49,477
(c) (33) 1,O2,233 60.475
(d) Charlges ,! Sr.p (34A1 5,531
23.a4.,'92 21.5 4.7 4 9
2 Er penses:
(a) [Link] of Pof, er,Transmrssir CtErses (34) 20,14,834 14,20,555
(b) Changcs n Sr+ (3441 2.5 48
(c) E,nFye€ Benft ErFts€s (3s) 1.55_9()8 l,ol.55l
(d) ( 36) I,r15,609 1,44,660
(e) DegE itin & Arn atizatirl (37) 97,932 92,641
(0 OtlEr ErFr6es (38) 1,34,547 r,24,141
(s) Exp€ndaure o.r [Link] Socd Rcsporld*y {39) 119 129
Total €xpens€s 2 5,63.O53 22,46,325
Los3 bafora ,tet move]nents in ReguLtory deferral (r.74.461) (1-,27 ,57
occounts baLnce & Tar (1-2) 6t
llat movcment in Rcgubtory dcferaal .ccount beLnc.s
4
rcbtcd to Profit & Loss (40) 2.3 t,412 1_23_O54
[N.t of Othcr Comp.ehcn3iv. incomc- t{ote:8 (a)
[Link]
Profrt (+) /1-o3r (-) .fter n.t [Link] in [Link]
5 5 4,9 41 14,522t
d€ferr.l .ccounts baLnc. & b€fore Tar (3+41
6 Tax Expense (41)
Current Tax 2,214 o
SuStotal 2,244 o
Itet Profit (+) /t ss (-) for thc pcriod 6 nct movement
7
[Link] deterral account babnces(5-6) 56,7 37 t1,s22t
Othcr ComprchensiYe lncoma (42
It€ms th.t wtrl not b€ recliassfied to prott or lrss )

Rerncalrrmrrrts d poat-€[Link] [Link] otlgatirE tthi

(a) lbrns prt of tlE ibt t{oysncrt h [Link] AcEourt (so,a2a) I1.29/t
Bablc s- dE:,| &rEI
(b) Provbbn lbr hcome tex rEbtirg to post-crnpbyrncnt bcr€{t (41) 1.97 a
oblqrtirns
Oth€r compre'lensive income for th. year rEt of tax (a-b) lso,424l 9,3 16
Totll comprehensiv€ incom. for thc Perbd (7+a)
9 (Comprtsing Protft (Loss) and othcr [Link] 5,313 1.793
lncom. for the Perbd,
10 [Link] p.r cquity share of face valuc of Rs- lO each
(a) Basic EPS - ( in Rs.) 17 .57 | (5.s4)
(b) Dluted EPs - ( in Rs.) l7 .s7 | (5.s4)
EPS including n€t mo\remcnt h rcgulrtoay dcfear.l
(c) Brsic 2.40 (o.2o)
account balsnors atter tax ( h Rs.)
(d) Dtuted EPS [Link] nct movcmcnt n [Link] d.f,crral (o.2o)
2 _40
lccotrtt balsnc€s atter tax ( h Rs )

Notes forming part of Financial Statements l to 6l

This is the Statement of Profit & Loss referred to in our Report of even d
[Link] For & on b.h.r of

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(atr.h. lbr..)
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D.t.: 25th [Link].r 2O2O

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 frST BEIGAL STATE [Link] DlsTRSUIIOX COTPAIY lI]rED
CISH FLOI STATEIETT FOi T]IE YEAR EIDED 3I ST IARC}I 2O2O

st. lotcrlccoa 201l}20 20ta-19

Io. cilatba
{ Rs- n brns)
CIS}I fLOW TROI OPERATIG ACTIVITES:
l{Gt Pt!ffr(lr.!) [Link] [Link].' 4557 5771
AdiEunc for
D€[Link] 35 97,92 92541
tt re.t lnd Ftfnc.l Ch..gcs [Link]>2 117561 l)0641
Aed & ooound OGtts PrEv;i'l .nd [Link] Crcdt [Link]! 1274 2125
Lcs on dernotbn. r€tilmcnt of fr(.d Esct 38 (D) 1548 1032
l..G on oBobnce o,Iwertory 38 {D) 9 55
F-cr'.. pmuisarn l*tttcn k f3 (15501) (120)
PrDfr on srh of fued .ss€t 38 (70{0) 0
hdlst .ccru€d qr rEn ornEnt Tl!]l3mi's-o libty 33 (4250) (19891
He'l!3t .ccmcd oo rEn orrEna C.p-d fib-y 33 (3019) (u441
haerest/Diir€rd etc lrcnne 33 (11x)) {1555t
Op!..1i.9 Proft BGfo.. hrtag [Link].l OrrrE (11 1,97,C49 214 t 5/t
[Link] For
6 11094 1rJ93
sun ty Dcbbrs 3e 7 19,113 5A?2
Oticr [Link] & nar Cl,Y!'lt [Link] 4,5 .ld 12 946 (50o1)
Loans & [Link]€s [Link] 11 u,tp6 55ES
25,26,21.
Liablai.s & ProvBbn, et< 28,29, 30, (3J4461) { 18019{i)
19,20 & 21
Ch.n9.s in rorting crpit.l (2) Q2A.o52l (15C297)
R€[Link]*]r lAccout 6) 14 259925 123054
[Link] [Link] from Op.'ttbr la=(r-2-:l)l 1,C5,9rS 251/lo,
Tar p€i, (4) 2153 2062
XET CIsH TROI OPERATITG ACTIVITIS T(A}=]-4I L,sjl,522 2493rt5
B CASH FLOW FROT flVESIXG ACI|VMEs
t)€[Link] (rE€.-) h Frr{ A:sets ]-rl&33 (39Ii70) 174U,41t
Decr!.3c (lEE h [Link] U5.t rl [Link] 1 (ra)40) l9c)261
=)
( hcr€.sc)/Desrce ir luc*nerrs 249 (rs442) 69rt71
hcrcat/Divircod lrme 10453 1fi51
I OOE l{dl Crrr.'lr A:s.t{rp-l [Link] 5 t37061) (141911'
Ic XET CASH GETEiATED
ctsh rlow fRoI ff,axclxc ACIwtTfs
TROI IIYESTXG ACTlVlTlES (B) (457ir5O) {40/4755)

II GrDss Pro(eads ftom Eorroring

Rcpaymrnt ot Eorrowing
18& 24
33064,1
{1ASU)
2rt64A
{309601)
II [Link] tE n [Link] [Link] & [Link] Appacat-n llo ry & rc3€lves
Pro€[Link] iun CorEune]s odrbrrirn 6 [Link] rrei,
RecoG5
l7
t127
247977
&u
345299

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I hcrEsa E Fn mil Ch!i!Es-
IETCASH GEIEMTED fAOX FfAIOIG ACTIV]IES (C'
(118684)
2.12.oa6
IIiooaT)
160a43
II ttETtaCRfASE (OECnEASEI lt
CISH e CASH EQUi/AImS (A+B+C)
CAsH ahd CASH [Link] ATTHE BEGTT]{G OF THE YEAR
lzt,aazl
86.1L2
5ljt2
ES'O
I CA5H and CASH EQUVAT-EIIS ATTI{E EtlD O[ lHE IEAR 8 6a,2to A'I I2

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[Link]-l on X.t Profar(r-oss) Acfo.. [Link] 20t!}20 2 (,la- l9
Tobl CooF*ldri, t@m. 6313 1793
ftwii,. b. hcome br o. F6t .fiplotinstt b.n ftobagltion PA
o l97a
2244 o
L.t ProffU(rr33l [Link]. [Link] 455' 5771

n €ohcilatton-z on trt ...[Link] [Link]. CtErIor 2 l'1!!2 (, 2()la-19

36 l.r15.OO9 144460
[Link] CotllmdSE,.fyDoD€t 36 (206?4) (17839)
TE6etio. Co.t o Ctpabt Bord 36 ( r7) ( r7)
hrt.a .cdu€d on bbay 6r [Link].s. of poE 36 (5239) 126921
hbrtd l4Err.d on bb-!.[Link] .[Link] 36 {2164} (3465)

hbr-t .lrd [Link]. Cr-]l.. 11756t t206at

bcoacilation-3 oa A..l & Doratfrrl [Link] koraba ..rd 2(,1!F2(, 2 0r& l9

[Link] d Cr..lit l..33
PEirion b. b.d lnd doutatul dGbt fa (o) 3,920 202(,
[Link]. 6r.E cEd drda b.. 351 IEE
B.d A Doobtfrrl lSlJ l'rovirbn .nd [Link] .l C..dit lr.s a27 t 2425

[Link]-zl on ht r-tJll-iL.d tr<oh. 2019-2(, 2(,1&19

IltErt& tom t .t on fild d.p6a [Link] orrrer d.9o3.' 33 tl19 1555
[Link] [Link] cu.t .tTlllEhirirn rirbit, 33 4250 1949
LnD,.!t! .d,.d on m. .[Link] ClEatrl l--tr-tv
[Link]-d [Link].n-r9 11 5452 aota
[Link].d tEomGclosiE 11 133771 (s,rs2 )
ht r6rt E [Link] hcome lou!61 ,asa
L<oncil-tton-5 P..c..d. froh shrr. [Link] & Sh.r. 201!l-20 2l'1&!9
AElic.t-n [Link] n ..d..
rom. of [Link] lrd dolirg Equty sh.c [Link]
Dr'E l5 4903 20@
[Link] 6r unbre.6€.1 ertr€ncalDPf ([Link] olirg3 I'IIEsCL) l6 269 1:!20
Sh.E Frdirg .aotrna,* l6 (374s) 3302
Proc..d. ft'om Sh!.. [Link] l t Sh.E [Link] [Link] la? 7 65aa

[Link] 6|it o3t ! Fan nca.l Ch..Ir.3 2(,1!,.2.' 2 l'ta- l9

ht rut & Elom-l ch..96 B F. .Eaon<-tioGz lrl7561) (120647)
&drr.d ErFllG-OFniE (/t79r3) (s7353)
&du.d Erp.....-Cro!it9 27 46790 47913

This is the Cash Flow Statement referred to in our Report of even date

For I GUFTA & CO LLP fo. t o. bshatf of

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( [Link])
Af*^^ Q,,>-,ot
(Ap.m! Btsr..) a.3u)
ctrbr Fhrncr.l oillc.r [Link] [Link] Chaltman I [Link] Olrcctor
[Link] rol Drx:o?21!t!t
Faa!6
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2ZOa
u 67L7
D.t.: z5th [Link].r 202o

-5-
 Statement of h For the ended 3lst XarEh 2O2O
(Rs- h bths
A- Equt, [Link] [Link]
Ai .t 3rn Lrr,l 2O1a 2 .29,524
ClEngrs h .qty shrrE clpbl 2.62
Ar rt 3Lt LrEn ZOl9 2J1.646
ClBngc. - cqiy share [Link] ,4,:XB
Ar .t 3l.'t Lrdr 2@O 2J6raS

[Link] .rld SEDLt

Shar!
ppli:rtixr D€bCIITUJE
,[Link] R.t ilcd Tot l
EIiFicaj famirgs
([Link]
.[Link]
(R3. h LBl6l
[Link]€?.t 31st [Link] 20la il{! 15.500 lo.7an (E,6971 1a,02a
liSa2t 11527
6E cdnECE|sE iE|Irc 9J16 9316
I6tal 4,13 15.500 lo.7a2 (3_9(Bt 22,824
Aeariert [Link] aSEiEt P€n&lg .[Link]
lt! Apt*:arim mollq of [Link] ye.,
oa Sh. 1443t (1431

T]tn3lar to dcbcrtrE [Link] ltscry. ),.467 {1.667}

hbi:d [Link]. ot XIESCL [Link] 1.32O 132O
SL€ [Link] mnC, Rc..aEd 3.7,ts
([Link].5tns{ 3,745
[Link]€ .l 315t [Link] 2OIl 3,7 45 t5.500 12.49 14.250t a7 !4
56./37 56,r11
OnE [Link]'re irm€ 60.42,1) 60.42,0
Total 3.7rl5 l55m 12.119 [Link] 33.756
A&t ncrt m.d. .giiEt (3.7,ts) (3.7,r5)
o, Sh. r! Aptt:.tioo monry of [Link] tc6r
Tr.n [Link]" Gdemrabn [Link]
cr ro r-657 (1.667)
R.=GwG b. [Link] [Link]! 321 (52 t 259
[Link]<! .t 31n l..dr 2O2O (o, 15,421 la,ll5 343 302m

This is the Statement of Changes in Equity referred to in our Report of eve d e

F6. & oh b.h.r or th.

o^t^o. f}.jE .
^,ur
Kotkata chr.l Fl^...1.1 oLL.. co6p..tr 3eEta.y
[Link] t{o:

2206

O.t.: 2!th [Link].r 2O2O

-6-
West Bengal State Electricity Distribution Company Limited (WBSEDCL)

Backqround

1. WBSEDCL was incorporated under Companies Act, 1956 on 16.02.2007. The

company received on 21.03.2007 the Certificate for Commencement of Business
issued by the Registrar of Companies, West Bengal. The Company is a Government
Company within the meaning of Section 2(45) of the Companies Act, 2013 and
entire paid up Share Capital is held by the Govemment of West Bengal and its
nomlnees.
The detailed break up order of balances as revested by Govt. of West Bengal vide
No. IZ-POIO/|lll3R-2912006 dated 25.01.2007 read with 313-PO/O/lll/3R-29/2006
dated 19.09.2008 under final transfer scheme have not been issued till date. The
detailed accounting was made on the basis of recommendation of
Pricewaterhousecoopers (PWC), the consultant of Govt. of West Bengal on Power
Sector Reform of West Bengal.
2. As per notification number: 32SlPOlOlC-VlllE-60/13 (PI-VA) dated:26.12.2018 and
memo Number: 333-PO/O/C-|V/|E-60/13 (Pt-viii) dated: 31.12.2018 of the Department
of Power & NES, Govt. of West Bengal (GoWB), and reference number WBERC/A-
611413286 Dated: 31.12.20L8 of the West Bengal Electricity Regulatory Commission
(WBERC), the entire business of distribution of electricity and related activities of
Durgapur Proiects Limited (DPL) was transferred to WBSEDCL. By virtue of
aforementioned orders, WBSEDCL is doing entire business of distribution of
electricity of DPL from 01.01.2019 as per existing ta riff of DPL. Value of Assets and
liabilities of associate business of DPL has been transferred to WBSEDCL by DPL
through order number: 244lPOlOlC-lVllE-60i13 (Pt-VA) dated: 23109/2019 of the
Department of Power & NES, of Govt. of West Bengal (GoWB). Entire value of assets
and liabilities has been considered in the Financial Statement ended on 31st March
2020 of WBSEDCL.
The Assets and liabilities of Durgapur Projects Limited as on 31.12.2019 was taken
over in WBSEDCL as per slump Transaction Agreement dated: 30.09.20L9 at their
book value. Break up of Assets are Net Fixed Assets < 3148.12 lakhs, Capital Works
in Progress t 1264.06 lakhs, Cash & Bank balances < 643.29 lakhs, lnventories {
40.27 lakhs, Trade Receivables t 13856.98 lakhs, Other Current Assets { 9.98 lakhs
and Reserves for Unforeseen exigencies t 268.54 lakhs, Govt. Grant for IPDS Projects
t 1184.50 lakhs, Trade payables 1854.64 lakhs, Other Current Liabilities t 3892.59
{
lakhs, P rovrs ns { 1609.55 lakhs , and purchase Consideration { 10152.88 lakhs.
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3. The operations of the company are governed by the Electricity Act, 2003 and related
regulations and/or policies framed there under by the appropriate Authorities.
Accordingly, in preparing the financial statements the relevant provisions of the said
Act and Regulations etc. have been duly considered.
4. The financial statements are subject to review by the Shareholders in the General
Meeting.
The financial statements were authorized for issue of Directors on 25s September
2020

Siqnificant Ac untinq Policies

1. Basis of preparation of financial statements

The Company finalized the financial statements of 2019-20 for the 13'h year of its
business. These financial statements have been prepared to comply in all material
aspects with lndian Accounting Standards (lnd AS) notified under Section I33 of the
Companies Act, 2013 (the Act) [Companies (lndian Accounting Standards) Rules,
2015 and Companies (lndian Accounting Standards) Amendment Rules,20L6l and
other relevant provisions of the Act. These financial statements are the forth
financial statements of the Company under lnd AS.

2. Use of Estimates

The preparation of Financial Statements requires estimates and assumptions to be

made that affect the reported amount of assets and liabilities at the end of reporting
period, the reported amount of revenues and expenses during the reporting period
and disclosure of contingent liabilities at the end of reporting period. Difference
between the actual results and estimates are recognized in the period in which the
results are known / materialized.

3. lnventories
3.1 cost of raw materials comprises cost of purchases and all other costs incurred in
bringing the inventories to their present location and condttion.

3.2 Costs are assigned to indrvidual items of inventory on the basis of weighted
average basis.

3.3 Costs of purchased inventory are determined after deducting rebates and
discou nts.

3.4 lnventories are stated at the lower of cost and net realizable value.
3.5 Net realizable value is the estimated selling price in the ordinary course of business
less costs necessary to make the sale.
&c()
-8-
3.6 Consumption accounting is done immediately on issue of materials from stores
other than advance to contractors. in which case it is based on the details of
consumption recorded by the Contractors.

3.7 All Store items are issued at running weighted average issue rates prevailed in the
accounting units.

3.8 Spares, standby equipment and servicing equipment, which do not meet the
recognition criteria as Property, Plant and Equipment are recorded as inventories.

3.9 50% of value of slow-moving and non-moving inventory, and 100% of value of
obsolete and scrap materials are considered for provision.

3.10 Write offlwrite in of stock arising out of physical verification and/or otherwise is
accounted for only on approval of the appropriate authority.

4. Property, plajt and equipment

4.1 Under the previous GAAP (lndian GAAP), property, plant and equipment were
carried in the Standalone Balance Sheet at cost, less accumulated depreciation
and impairment, if any. The Company regards the carrying amount as deemed
cost at the transition date, viz., Lst April 2015.
4.2 Fixed asse6 shall broadly be classified under the following categories as
applicable to the company.
. Generation assets
. Distribution assets
. Other assets

Similarly, capital works in progress accounts shall also be classified under the
above three broad heads.

4.3 Assets are stated at original (historical) cost of acquisition including freight,
insurance, duties, taxes and other incidental expenses incurred to bring the
assets to use, less accumulated depreciation and impairment, if any.

4.4 Fixed Asset is accounted for through capital wor*s in progress account and
transferred to the appropriate fixed asset account when the assets are put to
use on commissioning.

4,51n case of commissioned assets, where final settlement of bills with contractor is
yet to be effected, capitalization is done, [Link] to necessary adjustment in the
year of final seftlement.
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4.6 Spares parts, standby equipment and servicing equipment which meets the
recognition criteria of Property, Plant and Equipment are capitalized. The carrying
amount of those spare parts, standby equipment and servicing equipment that are
replaced is derecognized when no future economic benefits are expected from
their use or upon disposal. Other spare parts, standby equipment and servicing
equipment are treated as "Stores & Spares" and are classified as inventory.

4.7 Any cost for addition or improvement to fixed assets that results in increasing the
utilities or capacity or life of the assets shall be capitalized and included in the
cost of assets. When significant parts of plant and equipment are required to be
replaced at intervals, the Company depreciates them separately based on their
specific useful lives. Likewise, when a major inspection is performed, its cost is
recognized in the carrying amount of the plant and equipment as a replacement if
the recognition' criteria are satisfied. All other repair and maintenance costs are
recognized in profit or loss as incurred.

4.8 The present value of the expected cost for the decommissioning of an asset after
its use is included in the cost of the respective asset if the recognition criteria for a
provision are met.

4.9 The trial run expenses for Generation Assets during capitalisable period shall be
capitalized after netting off revenue earned from sale of power (infirm power).

4.1,0 For impairment of assets, if carrying amount of fixed assets

exceeds the
recoverable amount on the reporting date, the carrying amount is to be reduced
to the recoverable amount by charging under profit & Loss Account.

4.11 Property, Plant and Equipment awaiting disposal are valued at the lower of written
down value and net realizable value and disclosed separately.

4.72 An item of property, plant and equipment and any significant part initially
recognized is derecognized upon disposal or when no future economic benefits are
expected from its use or disposal, Any gain or loss arising on de-recognition of the
asset (calculated as the difference between the net disposal proceeds and the
carrying amount of the asset) is included in the income statement when the asset
is de-recognised.

4.13 The residual values, useful lives and methods of depreciation of property, plant
and equipment are reviewed at each financial year end and adjusted
prospectively, if appropriate.

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4.14 Physical verification of Property Plant and Equipment shall be done
departmentally on yearly basis.

5 Leases

The new standard on leases, lndian Accounting Standard (lnd AS) 116, Leases is
applicable to the companies for accounting periods beginning on or after l April
201.9. The new standard brings a paradigm shift in lessee accounting by
eliminating distinction between operating leases and finance leases as required
under lnd AS 17, Leases (erstwhile standard on leases). The definition of lease
under lnd AS 116 is the new on/off Balance Sheet test for lessees. Accordingly,
lessees are required to be recognized as right-of-use asset representing its right
to use the underlying leased asset and a lease liability representing its obligation
to make lease payment, if the lease arangement/contract conveys the right to
control the use of an identified asset for a period of time in exchange for a
consideration.

The Contract which satisfying twin conditions i.e. fulfillment of contract

depending upon the use of identifaed asset and conveys the right to control the
use of identified asset can be termed as lease. Here Control established when
both conditions i.e. right to use of the identified asset and derive the entire
benefits from the use of the identified asset are satisfied.

lnd AS 11.6 requires a lessee to measure the lease liability, initially, at the present
value of the lease payments that are not paid at that date, Lease payments are
discounted using the interest rate implicit in the lease, if that rate can be readily
determined, lf that rate cannot be readily determined, the lessee should use the
lessee's incremental borrowing rate. Lease term more than 1.2 months will qualify
for recognising a transaction as lease under lnd AS 116.

5.1 As a lessee

5.1.1 Right-to-use asset:

lnitial Recognition and treatment - On the date of commencement of lease, a

lessee shall measure the right-of-use (ROU) asset at Present value of the lease
payments discounted at the interest rate implicit in the lease or the incremental
borrowing rate,

5.1.2 Subsequent measurement and treatment - The ROU asset will be depreciated as
p er the iation requirements in lnd AS 16 Property, Plant and Equipment. lf
o ssets will be transferred to the lessee by the end of the lease

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 term or if there is a certainty that the purchase option will be exercised by the
lessee, the ROU asset will be depreciated over the useful life of the asset. ln any
other case, the ROU asset will be depreciated over the useful life of the asset or
the lease term whichever is shorter. Depreciation on the ROU asset will be
reflected as a charge in the profit and loss account.

Lease llablllty:

5.1.3 lnitial Recognition and treatment - On the date of commencement of lease, a

lessee shall measure the lease liability at Present value of the lease payments
discounted at the interest rate implicit in the lease or the incremental borrowing
rate.

5.1.4 Subsequent measurement and treatment - The carrying amount of the lease
liability will increase by the amount of interest accrued on the lease liability. The
carrying amount will be reduced on account of the payments made towards the
lease liability. The interest expense on lease liability, being a component of
finance cost will be presented separately as a charge in the profit and loss
account.

5.1.5 Renewal/ Modification- Any lease modification to be accounted for as a separate

lease if the modification increases the scope of the lease by way of addition of
ROU of one or more assets and there is a corresponding increase in the
consideration for lease for increase in scope.

lf the lease modification is not accounted for as a separate lease, then the
consideration in respect of the modified lease will be allocated between lease and
non-lease component if any. The lease liability to be re-measured by discounting
the revised lease payments using a revised discount rate, which is either the
interest rate implicit in the lease or lessee's incremental borrowing rate at the
date of modification.

lf the modification results in a reduction in the scope of lease, then The carrying
amount of the ROU asset to be reduced and ProfiVloss on account of reduction in
scope of lease to be recognised in profit and loss account. The lease liability to be
re-measured in the same manner as done in case of an increase in scope of lease
on account of lease modification.

5.1.6 Transition accounting:

Company adopts Transition to lnd AS 116 under Modified retrospective approach

Method. Under this approach, a lessee applies the new standard from the
beginning of the current period. For this purpose, the lessee calculates lease
assets and lease liabilities as at the beginning of the current period and

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 recognizes an adjustment in equity at the beginning of the curent period.
Accordingly, a lessee will not restate its prior period financial information under
this approach.

Right-to-use asset: lt is considered at an amount equal to lease liability, adjusted

by the amount of any prepaid or accrued lease payments relating to that lease
recognized in the Balance Sheet immediately before the date of initial
application.

Lease liability: The lessee shall measure the lease liability at the present value of
the remaining lease payments, discounted using the lessee's incremental
borrowing rate at the date of initial application.

5,2 As a lesser

5.2.1 Finance lease: Recognition of the asset - Assets held under finance lease to be
presented as a receivable at an amount equal to the net investment.

Recognition of the income - lncome over the lease term is recognized, based on a
pattern reflecting a constant periodic rate of return on the lessor's net
investment in the lease.

5.2.2 Operating lease: Recognition of the asset - Assets held under operating lease
shall be capitalized in the books.

Recognition of the income - The lease payments from operating leases shall be
recognised as income on either a straight-line basis or another systematic basis.
The lessor shall apply another systematic basis that basis is moreif
representative of the pattern in which benefit from the use of the underlying
asset is diminished.

5.2.3 Recognition of expenses - The expenses associated with earning of lease

income, like depreciation, shall have to be recognized as expense.

5.2.4 Lessor accounting remains similar to the current practice i.e. lessors would
continue to classify leases as finance lease or operating lease, The determination
of whether an arrangement is (or contains) a lease is based on the substance of
the arrangement at the inception of the lease. The arrangement is, or contains, a
lease if fulfillment of the arrangement is dependent on the use of a specific asset
or assets and the arrangement conveys a right to use the asset or assets, even if
that right is not explicitly specified in an arrangement.
6 ln estsIrent Foperdes
6.1 Property that is held for long-term rental yields or for capital appreciation or both,
and that i t occupied by the Company, is classified as investment property.
lnve is measured initially at its cost, including related transaction

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 costs and where applicable borrowing costs. Subsequent expenditure is
capitalised to the asset's carrying amount only when it is probable that future
economic benefits associated with the expenditure will flow to the Company and
the cost of the item can be measured reliably. All other repairs and maintenance
costs are expensed when incurred. When part of an investment property is
replaced, the carrying amount of the replaced part is de-recognized.

6.2 lnvestment properties are depreciated using the straight-line method over
their estimated useful lives.

6.3 Transfers to or from investment property is made when and only when there is
a change in use,

6.4 Investment properties are de-recognized either when they have been disposed
off or when they are permanently withdrawn from use and no future economic
benefit is expected from their disposal. The difference between the net
disposal proceeds and the carrying amount of the asset is recognised in profit
or loss in the period of de-recognition.

7 Govemment Grants

7.1 Grants and subsidies from the government are recognized at their fair value
reasonable assurance that the granvsubsidy will be received and all attaching
conditions will be complied with.
7.2 Government grants relating to income are deferred and recognised in the profit
or loss over the period necessary to match them with the costs that they are
intended to compensate and presented within other income.

7.3 Government grants relating to the purchase of property, plant and equipment
are included in non-current liabilities as deferred income and are credited to
profit or loss on a systematic basis over the expected lives of the related
assets and presented within other income.

8 AsseB transfered from Customers

8.1 Assets transferred from customers are recognized at their fair value when it
met the definition of an asset and all attaching conditions will be complied
with.
8.2 Assets transferred from customers are included in non-current liabilities as
consumer's contribution towards capital assets and are credited to profit or
loss on a systematic basis over the expected lives of the related assets and
presented within other income.

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9 Bonowino Costs

9.1 General and specific borrowing cost (including bond issue expenses, interest,
front end fee, etc) directly related to a particular project under construction or
acquisition of a qualifying asset are capitalized during the period of time that is
required to complete and prepare the asset for its intended use or sale.
Qualifying assets are assets that necessarily take a substantial period of time
to get ready for their intended use or sale.

9.2 lnvestment income earned on the temporary investment of specific borrowings

pending their expenditure on qualifying assets is deducted from the borrowing
costs eligable for capitalisation.

9.3 All other borrowing costs are expensed in the period they occur.

10 TrEatment of E(pendlhir€ durlno Constructbn

lndirect Expenses capitalized are allocated to various Capital Works in Progress

Account to the extent they are directly attributable to the acquisition,
construction or production of an asset that necessarily takes a substantial period
of time to get ready for its intended use or sale.

11 Accountinq of lntanqible Assets

L L.1 Following initial recognition, intangible assets are carried at cost less any
accumulated amortisation and accumulated impairment losses.
LL.2 lntangible assets are amortised over the useful economic life and assessed for
impairment whenever there is an indication that the intangible asset may be
impaired. The amortisation period and the amortisation method for an
intangible asset are reviewed at least at the end of each reporting period.
Changes in the expected useful life or the expected pattern of consumption of
future economic benefits embodied in the asset are considered to modify the
amortisation period or method, as appropriate, and are treated as changes in
accounting estimates.
11.3 The amortisation expense on intangible assets is recognised in the statement
of profit and loss unless such expenditure forms part of carrying value of
another asset.
11.4 Gains or losses arising from de'recognition of an intangible asset are measured
as the difference between the net disposal proceeds and the carrying amount
of the asset and are recognised in the statement of profit or loss when the
asset is zed.

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 11.5 Cost of computer software recognized as intangible Asset is amortized on
straight line method over the useful life of five years.
11.6 On transition to lnd AS, the Company has elected to continue with the carrying
value of all of intangible assets recognised as at 1st April 2015 measured as
per the previous GAAP and use that carrying value as the deemed cost of
intangible assets.
12. Treatrnent of Claims

Claims by Contractors / Suppliers on the Company for liquidated damage,

escalation, bonus and revision in rates which are not specifically covered under
respective contracts are taken into account on acceptance.

13. Depreciation

13.1 Depreciation is provided on straight line method based on useful life of assets and
norms specified in the by the West Bengal Electricity
Regulations notified
Regularity Commission, a Statutory Authority constituted under the Electricity
Act, 2003. However, such useful life of assets is different from the useful life of
assets specified in schedule ll of the Companies Act, 2013. Ministry of power has
issued Tariff Policy which provides that the calculated rates of depreciation
notified by the CERC or State Regulatory Commissions would be applicable for
the purpose of tariffs as well as accounting. No depreciation is charged for the
freehold land as well as the land acquired on perpetual lease and which does not
have a limited useful life.
13.2 Depreciation is not being provided once the Assets come down to l0o/o of the
original Value.

14. For€lgn Cunency Transactlon

14.L ltems included in the Financial Statements of Company are measured using the
currency of the primary economic environment in which the entity operates (fthe
functional currency'). The Company's Financial Statements are presented in lNR,
which is also the Company's functional and presentation currency.

L4.2 Transactions denominated in foreign currencies are recognized at the exchange

rate prevailing on the date of transaction or that approximates the actual rate at
the date of transaction.

1.4.3 Exchange differences arising on settlement or translation of monetary items are

recognised in profit or loss.

1.4.4 Monetary items denominated in foreign currencies at the yearend are restated at
year end rates,
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14.5 Foreign exchange differences regarded as an adiustment to borrowing costs are
presented in the statement of profit and loss, within finance costs. All other
foreign exchange gains and losses are presented in the statement of profit and
loss on a net basis within other gains/(losses).

14.6 Non-monetary items that are measured at fair value in a foreign currency are
translated using the exchange rates at the date when the fair value was
determined. Translation differences on assets and liabilities carried at fair value
are reported as part of the fair value gain or loss. For example, translation
differences on non-monetary assets and liabilities such as equity instruments
held at fair value through profit or loss are recognised in profit or loss as part of
the fair value gain or loss and translation differences on non-monetary assets
such as equity investments classified as FVOCI are recognised in other
comprehensive income.

L5. Revenue/Expenditure Recoonition

15.I Revenue is measured as per IND AS 115. The revenue from sale of power as well
as purchase of power expenses are accounted for on accrual basis. At the year
end, the provisions are made if no bills are received or raised till date of closing of
the respective financial year.

15.2 Revenue income and expenditures are recognized as and when accrued by written
communication from any Regulatory or Statutory Authority, unless the same is
under litigation or process of litigation.

15.3 The tariff rate of sale/purchase of power under jurisdiction of CERC/WBERC is

recognised as ordered by the Regulators.

15.4 Sale of Electricity does not include Electricity Duty as the same is not the income
of the company. Electricity Duty payable to Govt. of West Bengal is accounted for
on the amount of Electricity Duty collected during the year.

15.5 Bad and doubtful debts are provided in the accounts based on expected credit
Ioss model. ln case of billing against theft of power, penalty portion is separated
from energy charges and on which electricity duty is not charged.
15.6 Policy had been framed for any vyaiver, rectification, adiustments of Annual
Minimum Guaranteed Revenue (AMGR) & Late Payment Surcharge (LPSC) with
specific delegated financial powers for such approval. As per such approval,
necessary accounting shall be made in Debtors' Account.

L5.7 Revenues from Services are recognized pro-rata over the period of the contract as
and when e rendered.
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15.8 For all debt instruments measured either at amortised cost or at fair value through
other comprehensive income, interest income is recorded using the Effective
lnterest Rate (ElR). EIR is the rate that exactly discounts the estimated future cash
payments or receipts over the expected life of the financial instrument or a
shorter period, where appropriate, to the gross carrying amount of the financial
asset or to the amortised cost of a ftnancial liability. When calculating the effective
interest rate, the Company estimates the expected cash flows by considering all
the contractual terms of the financial instrument (for example, prepayment,
extension, call and similar options) but does not consider the expected credit
losses, lnterest income is included in finance income in the statement of profit and
loss.

15.9 Dividend income is recognized when the Company's right to receive dividend is
established by the Standalone Balance Sheet date.

16. Emolovee Benefits

16.1 Employee Benefits include benefiG provided to employee or their spouses,

Children and other dependents and may be settled by payments made either
directly to the employees, spouses, children or other dependents or to their legal
heirs or nominees or to others such as Trusts, lnsurance Company.

L6.2 An employee may provide service at a full time, part time, casual or temporary
basis. Employee includes full time Directors and other Management personnel.

16.3 All the major personnel costs e.g. Salaries, Wages, Bonus, Company,s
Contribution to PF and FPS etc. shall be accounted for on accrual basis without
any actuarial valuation.

16.4 Terminal Benefits like Gratuity, Pension, and Leave Encashment etc. shall be
accounted for on accrual basis using actuarial valuation.

Re-measurements, comprising of actuarial gains and losses, the effect of the asset
ceiling, excluding amounts included in net interest on the net defined benefit
liability and the return on plan assets (excluding amounts included in net interest
on the net defined benefit liability), are recognised immediately in the Standalone
Balance Sheet with a corresponding debit or credit to retained earnings through
OCI in the period in which they occur. Re-measurements are not reclassified to
profit or loss in subsequent periods.

Past service costs are recognised in profit or loss on the earlier of:

. The date of the plan amendment or curtailment, and

. The date that the Company recognised related restructuring costs.

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 Net interest is calculated by applying the discount rate to the net defined benefit
liability or asset.

The Company recognised the following changes in the net defined benefit
obligation as an expense in the consolidated statement of profit and loss.

Service costs comprising current service costs, past-service costs, gains and
losses on curtailments and non-routine settlements, and Net interest expense or
income

L6.5 Personal costs like Overtime, Medical Reimbursement will be accounted for on
accrual basis.

16.6 Capitalization of Employee Cost:

(a) Employee cost of construction units are capitalized @ 100% of employee cost.

(b) Employee cost of other units are capitalized @ 15olo of employee cost.

(c) Employee cost (other than current service cost) arises out of Actuarial
Valuation report are not capitalized.

17. Provislons, continqent Liablllties and Assets

17.1 The provisions are recognised when the company has a present legal and
constructive observation as a result of the past events for which it is probable
that an outflow of economic benefits will be required to settle obligation and a
reliable estimate can be made for the amount of the obligation.

Provisions are measured at the present value of management's best estimate of

the expenditure required to settle the present obligation at the end of the
reporting period. The discount rate used to determine the present value is a pre-
tax rate that reflects current market assessments of the time value of money and
the risks specific to the liability. The increase in the provision due to the passage
of time is recognised as interest expense.

17.2 Contingent liabilities are disclosed unless the possibility of outflow of resources is
remote.

17.3 Contingent assets are disclosed in the financial statements.

18. Seomental Reoo,tino

Although the Company has only one integrated business, i.e. Generation &
Distribution of Power but the Company has identified Generation Activities and
Distribut ion Activitie rate reportable segment in accordance with lnd
s Co
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19. lmpairment of tanoible and intanoible fxed assets

Cash generating units as defined in lnd AS 36 on impairment of assets are identified

at the Standalone Balance Sheet date. At the date of Standalone Balance Sheet, if
there are indications of impairment and the carrying amount of the cash generating
unit exceeds its recoverable amount (i.e. the higher of the fair value less costs of
disposal and value in use), an impairment loss is recognized. The carrying amount is
reduced to the recoverable amount and the reduction is recognized as an
impairment loss in the Statement of Profit and Loss. The impairment loss recognized
in the prior accounting period is reversed if there has been a change in the estimate
of recoverable amount. Post impairment, depreciation is provided on the revised
carrying value of the impaired asset over its remaining useful life.

20. Trade receivables

Trade receivables are recognised initially at fair value and subsequently measured at
amortised cost using the effective interest method, less provision for impairment.

[Link] and Cash equlvalents

For the purpose of presentation in the statement of cash flows, cash and cash
equivalents includes cash in hand, deposits held at call with financial institutions,
other short-term highly liquid investments with original maturities of three months or
less that are readily convertible to known amounts of cash and which are subiect to
an insignificant risk of changes in value and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities in the Standalone Balance Sheet.

22. Trade and other pavables

These amounts represent liabilities for goods and services provided to the Company
prior to the end of financial year which are unpaid. The amounts are unsecured and
are usually paid within 30 days of recognition. Trade and other payables are
presented as current liabilities unless payment is not due within 12 months after the
reporting period. They are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest method.

23. lnvestment in subsidiaries

A subsidiary is an entity controlled by theCompany. Control exists when the

Company has power over the entity, is exposed, or has rights to variable returns

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 from its involvement with the entity and has the ability to affect those retums by
using its power over entity.

Power is demonstrated through existing rights that give the ability to direct relevant
activities, those which significantly affect the entity's retums.

lnvestments in subsidiaries are carried at cost, The cost comprises price paid to
acquire investment and directly attributable cost.

On the date of transition to lnd AS, the Company has considered the carrying value
of lnvestment in subsidiaries as per previous GAAP to be the deemed cost as per lnd
AS 101.

24. lnvestrnent in joint venhrres and associate

A joint venture is a type of joint arrangement whereby the parties that have joint
control of the arrangement have rights to the net assets of the joint venture. Joint
control is the contractually agreed sharing of control of an arrangement, which exists
only when decisions about the relevant activities require unanimous consent of the
parties sharing control.

An associate is an entity over which the investor has significant influence. Significant
influence is the power to participate in the financial and operating policy decisions of
the investee but is not control or joint control of those policies.

The investment in joint ventures and associates are carried at cost. The cost
comprises price paid to acquire investment and directly attributable cost.

On the date of transition to lnd AS, the Company has considered the carrying value
of investment in associate as per previous GAAP to be the deemed cost as per lnd AS
101.

[Link]-currert assets (or disposal orouos) held for sale

Non-current assets (or disposal groups) are classified as held for sale if their carrying
amount will be recovered principally through a Sale transaction rather than through
continuing use and a sale is considered highly probable, They are measured at the
lower of their carrying amount and fair value less costs to sell, except for assets such
as deferred tax assets, assets arising from employee benefits, financial assets and
contr actual rights under insurance contracts, which are specifically exempt from
this requirement.
An impairment loss is recognised for any initial or subsequent write-down of the
asset (or dispo s ) to fair value less costs to sell. A gain is recognised for any
&
subsequent r value less costs to sell of an asset (or disposal group),
Kotka -21 -
 but not in excess of any cumulative impairment loss previously recognised.A gain or
loss not previously recognised by the date of the sale of the non-current asset (or
disposal group)is recognised at the date of de-recognition.

Non-current assets (including those that are part of a disposal group) are not
depreciated or amortised while they are classified as held for sale. lnterest and other
expenses attributable to the liabilities of a disposal group classified as held for sale
continue to be recognised.

Non-current assets classified as held for sale and the assets of a disposal group
classified as held for sale are presented separately from the other assets in the
Standalone Balance Sheet. The liabilities of a disposal group classified as held for
sale are presented separately from other liabilities in the Standalone Balance Sheet.

26. Finandal ljabllldes

26.1 Financial liabilities of the Company are contractual obligation to deliver cash or
another financial asset to another entity or to exchange financiat assets or
financial liabilities with another entity under conditions that are potentially
unfavorable to the Company,

26.2 The Company's financial liabilities include loans & borrowings, trade and other
payables.

C a ssification. in itial recoon ition and measurement

26.3 Financial liabilities are recognized initially at fdir value minus transaction costs that
are directly attributable to the issue of financial liabilities.

26.4 Financial liabilities are classified as subsequenfly measured at amortized cost.

26.5 Amortized cost is calculated by taking into account any discount or premium on
acquisition and fees or costs that are an integral part of the effective interest rate
(ElR). Any difference between the proceeds (net of transaction costs) and the
redemption amount is recognized in the Statement of profit and Loss over the
period of the borrowings using the effective rate of interest,

. Subsequentmeasurement
26.6 After initial recognition, financial liabilities are subsequently measured at
amortized cost using the EIR method.

26.7 Gains and losses are recognized in Statement of profit or Loss when the
liabilities are derecognized as well as through the EIR amortization process.
26.8 The EIR amortization is included as finance costs in the statement of profit and
loss.

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. [Link] of financial liability

26.9 A financial liability is derecognized when the obligation under the liability is
discharged or cancelled or expired. The difference between the carrying amount
of a financial liability that has been extinguished or transferred to another party
and the consideration paid, including any non-cash assets transferred or liabilities
assumed, is recognized in profit or loss as other income or finance cost.

27. lnvestments and other Financial Assets

Classification

The Company classifies its financial assets in the following measurement

categories:
. those to be measured subsequently at fair value (either through other
comprehensive income, or through profit or loss), and
. those measured at amortized cost.

The classification depends on the entity's business model for managing the financial
assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses will either be recorded in profit or
loss or other comprehensive income. For investments in debt instruments, this will
depend on the business model in which the investment is held. For investments in
equity instruments, this will depend on whether the Company has made an
irrevocable election at the time of initial recognition to account for the equity
investment at fair value through other comprehensive income.

The Company reclassifies debt investments when and only when its business model
for managing those assets change.

aeasslEneot

At initial recognition, the Company measures a financial asset at its fair value plus,
in the case of a financial asset not at fair value through profit or loss, transaction
costs that are directly attributable to the acquisition of the financial asset.
Transaction costs of financial assets carried at fair value through profit or loss are
expensed in profit or loss. Financial assets with embedded derivatives are
considered in their entirety when determining whether their cash flows are solely
payment of principal and interest.

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 Debt instruments

Subsequent measurement of debt instruments depends on the Compan/s business

model for managing the asset and the cash flow characteristics of the asset. There
are three measurement categories into which the Company classifies its debt
instruments:

Amortized cost: Assets that are held for collection of contractual cash flows
where those cash flows represent solely payments of principal and interest are
measured at amortized cost. A gain or loss on a debt investment that is
subsequently measured at amortized cost and is not part of a hedging
relationship is recognized in profit or loss when the asset is derecognized or
impaired. lnterest income from these financial assets is included in finance
income using the effective interest rate method.

Fair value through other comprehensive income (FVOCI): Assets that are held for
collection of contractual cash flows and for selling the financial assets, where the
assets' cash flows represent solely payments of principal and interest, are
measured at fair value through other comprehensive income (FVOCI).
Movements in the carrying amount are taken through OCl, except for the
recognition of impairment gains or losses, interest revenue and foreign
exchange gains and losses which are recognized in profit and loss. When the
financial asset is
derecognized, the cumulative gain or loss previously
recognized in OCI is reclassified from equity to profit or loss and recognized in
other gains/ (losses). lnterest income from these financial assets is included in
other income using the effective interest rate method.

Fair value through profit or loss: Assets that do not meet the criteria for
amortized cost or FVOCI are measured at fair value through profit or loss.

A gain or loss on a debt investment that is subsequently measured at fair value

through profit or loss and is not part of a hedging relationship is recognized in profit
or loss and presented net in the statement of profit and loss within other
gains/(losses) in the period in which it arises. lnterest income from these financial
assets is included in other income.

Eouity lnstflrmenE

All equity investments are subsequently measured at fair value. Where it is elected
to present fair value gains and losses on equity investments in other comprehensive

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income, there is no subsequent reclassification of fair value gains and losses to profit
or loss. Dividends from such investments are recognized in profit or loss as other
income when the Company's right to receive payments is established.

Changes in the fair value of financial assets at fair value through profit or loss are
recognized in other gain/(losses) in the statement of profit and loss. lmpairment
losses (and reversal of impairment losses) on equity investments measured at FVOCI
are not reported separately from other changes in fair value.

lmpairment of Financial Assets

It is assessed on a fonvard looking basis the expected credit losses associated with
its assets carried at amortized cost and FVOCI debt instruments. The impairment
methodology applied depends on whether there has been a significant increase in
credit risk.

For trade receivables only, simplified approach is followed, permitted by lnd AS 109
Financial lnstruments, which requires expected lifetime losses to be recognized from
initial recognition of the receivables.

De-recognition of Financial AsseB

A financial asset is derecognized only when

The Company has transferred the rights to receive cash flows from the
financial asset or
retains the contractual rights to receive the cash flows of the financial asset,
but assumes a contractual obligation to pay the cash flows to one or more
recipients.

ln case of transfer of an asset. WBSEDCL evaluates whether it has transferred

substantially all risks and rewards of ownership of the financial asset. ln such cases,
the financial asset is derecognized, where the entity has not transferred

Substantially all risks and rewards of ownership of the financial asset, the financial
asset is not derecognized.

Where neither financial asset is transferred nor retains substantially all risks and
rewards of ownership of the financial asset, the financial asset is derecognized if
WBSEDCL has not retained control of the financial asset. Where WBSEDCL retains
control of t nancial asset, the asset is continued to be rec ognized to the extent of
contin nt in the financial asset
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 lncome recoonition

lnterest income

lnterest income from debt instruments is recognized using the effective interest rate
method. The effective interest rate is the rate that exactly discounts esttmated
future cash receipts through the expected life of the financial asset to the gross
carryrng amount of a financial asset. When calculating the effective interest rate, the
Company estimates the expected cash flows by considering all the contractual terms
of the financial instrument (for example, prepayment, extension, call and similar
options) but does not consider the expected credit losses,

D ivide nd s

Dividends are recognized in profit or loss only when the right to receive payment is
established, it is probable that the economic benefits associated with the dividend
will flow to the Company, and the amount of the dividend can be measured reliably.

28. Rate Reoulated Activities

28.1 lncome Receivable through Regulatory Mechanism in respect of additional cost

incurred during the period over and above cost allowed in prevailing tariff order is
recognized based on the applicable available orders and regulations of
Regulatory Authorities.

28.2 lncome Realizable through Regulatory Mechanism is to be recognized when it is

probable that the future economic benefits associated with it will flow to the
company as a result of the actual or expected actions of the regulator under the
applicable regulatory framework and the amount can be measured reliably.

28.3 certain expenses and income, allowed under WBERC regulations to be reimbursed
/passed on by/to from beneficiaries in future, are to be accounted in the
statement of profit and loss as per the provisions of lnd AS. Such expenses and
income, to the extent allowable/payable under WBERC Regulations are treated as
Regulated Assets and liabilities.
28.4 The Company presents separate line items in the Standalone Balance Sheet for:

(a) the total of all regulatory deferral account debit balances; and
(b) the total of all regulatory deferral account credit balances.
A separate line item is presented in the profit or loss section of the statement of
profit and loss for the net movement in all regulatory deferral account balances
for the reporting period.

& CO
-26 -

.ed A
29. Taxes on lncome
29.L The lncome tax expense or credit for the period is the tax payable on the current
period's taxable income based on the applicable income tax rate for each
jurisdiction adiusted by changes in deferred tax assets and liabilities attributable
to temporary differences and to unused tax losses.
29.2 The provision for current tax is made after taking into consideration benefits
admissible under the provisions of the Income Tax Act, 1961. Deferred income
tax is provided in full, using the liability method, on temporary differences arising
between the tax bases of assets and liabilities and their carrying amounts in the
financial statements.
29.3 Deferred tax liabilities/assets are not recoonized:
> lf they arise from the initial recognition of goodwill.
> lf it arises from initial recognition of an asset or liability in a transaction other
than a business combination that at the time of the transaction affects neither
accounting profit nor taxable profit (tax loss).
> For temporary differences between the carrying amount and tax bases of
investments in subsidiaries, associates and interest in joint arrangements where
the Company is able to control the timing of the reversal of the temporary
differences and it is probable that the differences will not reverse in the
foreseeable future,
29.4 Deferred income is determined using tax rates (and laws) that have been enacted
or substantially enacted by the end of the reporting period and are expected to
apply when the related deferred income tax asset is realized or the deferred
income tax liability is settled.
29.5 Deferred tax assets and liabilities are off set when:
> There is legally enforceable right to offset current tax assets and liabilities and
> When the deferred tax balances relate to the same taxation authority.
29.6 Current tax assets and tax liabilities are offset where
) The entity has a legally enforceable right to offset and
> lntends either to settle on a net basis, or to realize the asset and settle the
liability simultaneously,
29.7 Current and deferred tax is recognized in profit & loss, except to the extent that it
relates to items recognized in other comprehensive income or directly in equity,
ln this case, the tax is also recognized in other comprehensive income or directly
in equity, respectively.

& Co
() I
.t

ed
oo'
-27 -
30. Prior Period ltems

Material prior period errors are corrected retrospectively by restating the

comparative amounts for prior period presented in which the error occurred or if the
error occurred before the earliest period presented, by restating the opening
statement of financial position.

[Link] equitv

Equity shares are classified as equity. lncremental costs directly attributable to the
issue of new shares or options are shown in equity as a deduction, net of tax, from
the proceeds.
[Link] per share

Basic earnings per share are calculated by dividing the net profit or loss for the
period attributable to equity shareholders by the weighted average number of equity
shares outstanding during the period. The weighted average number of equity
shares outstanding during the period is adjusted for events of bonus issue; bonus
element in a rights issue to existing shareholders; share split; and reverse share split
(consolidation of shares).

For the purpose of calculating diluted earnings per share, the net profit or loss for
the period attributable to equity shareholders and the weighted average number of
shares outstanding during the period, are adjusted for the effects of all dilutive
potentia I equity shares.

33. Offsettino of financial instruments

Financial assets and liabilities are offset and the net amount is reported in the
Standalone Balance Sheet where there is a legally enforceable right to offset the
recognized amounts and there is an intention to settle on a net basis or realize the
asset and settle the liability simultaneously. The legally enforceable right is not
contingent on future events and is enforceable in the normal course of business.

34. Roundino of amounts

All amounts disclosed in the financial statements and notes have been rounded off
to the nearest lakhs as per the requirement of Schedule lll, unless otherwise
stated.

& co

t ata

-28-
')):
35 Chanoes in AEcountinq Pollcy

Effective Lst April, 2019, the Company has adopted lnd AS 116 "Leases" and applied
to lease contracts, existing on Lst April, 20L9. There is no impact as most of them
are short-term leases and leases of low-value assets. Pursuant to above, the
Company did not recognised right-of-use asset and lease liability.

Other amendments and interpretations as outlined below apply for the year ending
31st March 2020, but do not have an impact on the financial statements:-

(a) lnd AS 12: Uncertainty over lncome Tax Treatment

(b) lnd AS 109: Prepayment Features with Negative Compensation

(c) (c) lnd AS 19: Plan Amendment, Curtailment or Settlement,

(d) (d) lnd AS 23: Borrowing Costs

The Company has not early adopted any standards or amendments that have been
issued but are not yet effective.

&c o

-29 -
Notes to the Standalone Financial Statements

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 R., in [Link].
Fardculars A3 on 31-O3-2O21, A. on 3l -O3-2O19
Property, Plant and Equapment (A) 2174916 iaa17()4
lnventory- Capltal Nature (B) 5()244 457a8
Total (A+B) 22292.)2 1927492

Dc-riptiotl IlGilbr Cqat

Srrt
lnbrtiUc l-t! lia.r{}b Ad llLi.l
Ar .t 0r lx-2019 .fl. .tat.aa2.|l 6ta3

qB...[Link]
2{63
OEa !-ril-arf
&
o {,)
{Oed&linr)
a3 .t 3r Jxt2'020 gag .[Link] a8a
Ar !t [Link]-2OiD 3rr3 .I tt aa-21[ 25!l
ltET [Link] td 1078
r:[Link] i|,[Link]
(Ildlct*n3) 0 11)

!i,o:t20m LJr rt3t.D2ltl ln1

^3 't .[Link]! 3r3
rd CanYtE rlolri As .t 31-B2lrI) a4at)
[[Link]
a3rt(xt az,le vE! .[Link] 3tl!

Note (i) lnventory-Capital Nature is not rnajor spares as defines in lnd AS-16. Thus
Depreciation is not being charged.
(ii) Property, Plant & Equipment's Consists of Total (A) + (B) above.

CAPITAL WORX IX PROGRES9

( Rs . in bltrs)
tilrt C?itdlzc
Paatiorla.s
Drducdo G
t{et
ot lx20te Addldons tl6l (Tr sfer ^!:t31it
Y:rdr 2O2O
Adlustm to Flrcd
€nt Ass€tsl
(1) 12) (3) (4t (s) (O{2+}/L5)
[Link] Wortr{n+rogres
GE N ERATION z?{)7s 23!50 2isn 2:m63
DISTRIBUTION 14,'l{88 3,a166 335279 2m955
RE 29322 fi12 374?1 3463
OTHERS 19TJ' (10586) 419 4421
Tobl 2162@. 411552 !r5512 B2X2
PreYious Year 1 17&6 2f2117 173191 zL6?f,'2

'l-1 Depreciation is provided on straight line method based on useful life of assets and
norms specified in the Regulations notified by the WBERC. Ministry of power, Govt. of
lndia (GOl) and Ministry of Corporate Affairs (MCA), GOt were approached through
Govt. of West Bengal for concurrence of charging Depreciation as per norms of
WBERC. The approval of MCA was issued on 31.05.2011.
1.2 Distribution, Metering and other Generation assets capitalized during the year was {
395512 lakhs (previous year t 173I9I lakhs).
1.3 All capital costs including purchase of faxed assets are initially booked under CWlp
Account. The amount of CWIP balances as on 31.03.2020 is t 232302 lakhs (previous

&c o
32
(, ,l
I

,eii Ac
 year ( 215252 lakhs).
1.4 The amount shown under deduction/ adjustment column in the PPE Schedule
includes addition of Fixed Assets of I 5594 lakhs includes Freehold Land t 2 lakhs,
Leasehold Land { 4 lakhs, Lines Cables & Networks t 4980 lakhs, Meter { 608 lakhs
acquired during the financial year from Durgapur Projects Limited due to take over of
its Distribution Business by WBSEDCL and its accumulated depreciation of { 2446
lakhs Iincludes Lines Cables & Networks < 2228 lakhs, Meter t 218 lakhs].
Retirement and Sale of Fixed Assets < 2701 lakhs includes Freehold Land t 64 lakhs,
Building { & Networks t 1661 lekhs and Meter < 870 lakhs and
106 lakhs, Lines Cables
its accumulated depreciation on retirement and sale of fixed assets ( 581 lakhs
includes Building { 24 lakhs, Lines Cables & Networks t 113lakhs and Meter < 444 lakhs
respectively during the year.
1.5 Depreciation on Property, Plant &Equipment's have been considered as per useful
life prescribed by WBERC as follows:
lsg &sipto,' LMtt Lib
Bt HiE 25 to I Yess
,lytrttc wul< 35 ,o3, Yers
OhqAdWd* 5 tD g, Yeds
Pre,a Hirry
d 5 b 35 Yers
UrE, c*lc & ,UrEk 15to fi Yqs
5 Yea/s

Ft rihrE & Finuc 15 Yg's

Otrcc Equ,ryr,€'rts 7lo 15 Yeus
SprE 7 Ye'/s
C?Cc Spre-GerE dba StCr-l 50 Yets
,n rrrrDre Asscfs 5 Yerrs

1.6 Carrying value of Property, Plant &Equipment's as on 31.03.2020 is < 2671666

lakhs (Previous year { 2268763 lakhs). Assets under different category pledged for
current and non-current borrowings are as follows:

Catetory As o.r 3l -O3-2()2O As orl 31-(xr,2o19

Plant & t\,tadrinary 295630 217592
tlnes, caue & Netwott 87s141 6Aaeaa
lnventorr Caplbl NaturE 50246 45744
Total r zzsseo I
95t:l64

1.7 Carrying value of Property, Plant & Equipment's, Other lntangible Assets & Capital
Work ln progress created out of Govt. Grant fund is t 1008751 lakhs, t 9299 lakhs & t
232302 lakhs (previous year < 718339 lakhs,t 6836 lakhs & t 216262 lakhs)
respectively.
1.8 Break-up of Property, Plant & Equipment is as follows:

& co
i,

ll
 t [Link] &!.rEalto,l
trQ..ty, th rrd C$t rErt . S.t!!lr CrB on il .mo'rr

[Link]-t s.{lrE r al.a.2!t! tlol 2aaa ![Link] 2!tt tt_a12it0

(U FEtrr:I l9F6+7. (11F(}

c]) l3) (1)
t)
(5) ot (8t
o 00F('9
[Link] .bn 29rsr rgn lto re 89ll grr 17nB 6rE
Tlqit! AssG DiSib[ion fiEA 36 2E 1L1t66 dnal fl35:r 1&6 313fi1 [B'IB lluaa
Ott E I I[ s 1rv3 3An ffi 3rg 3X01
Idr4l. ba at !a ! ,5! ta.36 5 !E ff zu tttE
Gc.E-abn {D 0 o o 0 o 0
htsllibL As6.B fidbudor t a 65 I I 1 G}
OIIEE 6(x 2(! 841 3n If,5 {a7 439 lEl
Tdhrau.b! .E E 0 gt 9n IT' 0 G a- r
'rdF !6n ! ,I'I 1fi' 918@R
IG G !g
1.9 Company did not consider any liability on account of de-commissioning of an Asset as
no such event so occurred.
1.10 Gross Carrying amount of PPE as on 31.03.2020 amounting to t 194874 lakhs
(previous year { 151634 lakhs) which is fully depreciated and still in use.

XOTE L(>2 - lnulrtstr..lt

As at 3lst As at 3l st
P.rticutr13 Iarch 2O2Ollarch 20 19
{ Rs- h hlr|sl
A) lnEtt'ttant in Equity hrtrull..rr -Uneuotcd,
tullll pra. C..ricd .t Gort
i) h idt Vc,lt rE [Link]
hr!!EDG.* h Et [Link] l eEn EEiE,
Dcr€[Link] Capaltirl Lri (U.t$Etsd)
(175(xXP Eqiy Sl'rEs of Ri. 10 [Link]' ri, rp
ori of iii 2 t{o ot Strr! of Rr. 10 G6dt fuly p!i}
,tl 175

!4r [Link] frE! of rct)

i) OtlE hvlllEnents
hE!OD.r* - Sh..E3 of PoEr [Link]. H- 1-d
(4UlO,mO E4-, Shr.!. of Rs. lO E dr irtyp.U up) 400 400

8) Olrrcr lnyGst'llcnt 121 )21

Provbim fDr (lnhutbo of hve3Encnt (596) (5e6)
Totrl (A+B+C, o o

Ertar&.! At dr At dr
tL03-20'10 3L8.2019
Rs- In t ldls
A) ln!,qsttDe[t h
l,rnquoted lnstrunents
AggrEgab B@kVatIe 575 575
8) [Link] Provlsbn br OfnhuUon
Futy lrFLEd 696 698

2.1 The Govt. of West Bengal revested "Other lnvestments,, amounting to I 121 lakhs as
on 01.04.2007 through Final Transfer scheme as investment in Govt. Securities.
However, since no confirmation from Govt. of West Bengal was received on such
balance and no paper in support of investment was available, entire amount was
provided under Profit & Loss Account of WBSEDCL during the year 2008-2009.
2.2 Entire investment in Power Exchange lndia Ltd amounting to < 400 lakhs was provided
under Profit & Loss account due to their negative net worth.
2.3 Entire investment in West Bengal Green Energy Development Corporation Ltd

& co
3{
! I

,ed
 amounting to 1 175 lakhs was provided under Profit & Loss account during 2016-
2017 due to their negative net worth. Till as on 31.03.2020 it has negative net worth.
loIE I0 - 3: T[d. ,[Link]- Ioi Clmit
As.t 3lst t fth 2020 .t 3lit Lnh 2019
^!
It-lEr Du. (.ft!r lLlEa UE [Link]
0rlt lU b.d lll0rF! Ehrttity
0lt5 tor lad lb-ict [Link]
,artilula6
ottla and lbr B.d r outy
Tot l otial .id [Link] 0it,
Tot l
Ttln ED O'rffiI Doiut/l Tt io do!!6,/l Do!Uful
dttB odt [Link] Debt

I k. ln l.!6)
Smdt [Link] b. Srh of loE
ur€(urPC . corEihed Good 10.232 1,670 41.952 11.610 11.540 .r?rl 1186J
[Link] (Xd oaseorty [Link]
i! 892 119,882) l,3tc [Link] 26,495 i26495 1.132
tofttud)
Tot l 80.161 (3t,002) {0,262 2,910 t3,252 38,135 12i,r95l u,510 1,352 12,192

3.1 Outstanding debtors balance on account of sale of power as on 31.03.2020 amounting

to { 80L64 lakhs (previous year t 38J.35 lakhs) [having dues more than 24 monthsl
without considering allowances for bad and doubtful debts considering its tikely
realization beyond 12 months.
3.2 Total Provision of t 39882 lakhs including provision for bad and doubt doubtful debt of
erstwhile DPL amounting to < 9467 lakhs (previous year t 26495 lakhs) as on
31.03.2020 for bad and doubt doubtful debt has been considered in the accounts
based on the Policy for provisioning as approved by the Board of Directors.
NoTE NO-4 -Other financial assets - Non current
As at 3l-st As at 31st
Pa rtic u la rs
llarch 2O2O March 2()19
( Rs- in lakhs)
cleDosits with various Statutory Authority 1,136 1,459
Tota I 1,136 1,459
NOTE NO-5 -Other Non-current ass€t3
As at 3ast As at 3 ast
P6 rticula.s JUlaich 2O2O March 2oa9
( Rs- ln hkhs)
Capital advanccs 2.97,204 2,60,t47
CorYi rnrtrn ent Advance 120 t'7 5
Advance [Link] Trx & TDS (NGt of 4.943 4,734
ProvBion 6r taEtion)
t-5,ooo 15,OOO
Tota I 3,r-, .27 | 2 ,4(). o 56
5.1 Capital advances of< 297208 lakhs (previous yeat < 26OL47 lakhs) as on 31.03.2020
considered good and fully realizable from the Contractors/Suppliers. As a result, no
provision on doubtful advances has been considered in the accounts.
5.2 Commitment advance amounting to t 120 lakhs (previous year < 120 lakhs) paid to
Ghogarpalli lntegrated Power Company Ltd and Nil (previous year { 55 lakhs) to
Tatiya Andhra Power Projects against allocation of power to WBSEDCL.
5.3 Advance lncome Tax & TDS includes Advance Tax and TDS of t 13175 lakhs
(previous year { 10721 lakhs) and Provision for taxation of t 8232 lakhs (previous
year { 5987 la

-35
5.4 Others includes lnter-unit account balance of ? L5000 lakhs (previous year { 15000
lakhs) of erstwhile WBSEB inherited by WBSEDCL vide notification number 313-
PO/O/3R-29/2006 dated 19.09.2008 of Govt. of West Bengal.
5.5 Capital Advance amounting < 297208 lakhs (previous year { 260147 lakhs) has been
made out of Govt. Grant Fund.

N OTE tl 0-6 -lnventories

As at 3lst As at 31st
P. [Link] ilarch 2O2O irtarch 2Ol9
( Rs h [Link],
Stores & [Link]
Stod( of Uaterbls 32.992 36.217
Itateriak n Tran-iit 1,793 95r
[Link] Sbd( E-E.33 / Srtort gE Pcrdhg
lrEstig6bn 2,325 2,331
]-ess: Provisions (2,41r) (2,33r)
trvcntDr!, trng !*h Third P8fty 44.247 30,764
TotEl 7 4,9,36 57.932
6.1 ln majority of the stores physical verification of stock conducted after 31.03.2020 due
to Covid-19.
6.2 Verification of the inventory holding stores was conducted in presence of independent
verifier, engaged from Chartered Accountant & Cost Accountant Firms.
6.3 Valuation of closing stock of Stores was at cost being lower than the Net Realizable
Value.
6.4 lnventory items amounting t 50286 lakhs (previous year t 45789 lakhs) having useful
life of more than 1 year are considered as ppE and shown under note-l (property,
Plant & Equipment).
6.5 lnventory value has been increased substantially mainly due to ongoing project work
of IPDS,DDUGJY & other capital projects.
6.6 Material stock excess/shortage Pending investigation as on 31.o3.2o2oamounting to t
2411 lakhs (previous year { 2331 lakhs) was tully provided.
6.7 lnventories amounting to ? 32992 lakhs (previous year { 37168 lakhs) are under
pledge for current borrowings.
6.8 Inventories amounting to t 34785 lakhs (previous year { 37169 lakhs) includes
inventory created out of Govt. Grant Fund.
6.9 Materials lying with third parties as on 31.03.2020 amounting to t 44247 lakhs
(previous year t 30764 lakhs).The materials were issued to the vendors against various
works allotted to them.

+ o
.)

36
 taofl xo ,: [Link] r€ot,dble. [Link]
Ar al 3l.r [Link] 2O2O as .r rlst Idrcar 2('I9

s..rd.y [Link] d s.b d ;oEr

Se@ed .CoGtlered Good [Link],a21 lai5a
t ccitd€d (lood E),471 t52 lo.@3 aJ 4,433
'Eg:adl, 4.24.@2 [Link] ^l
/t33.(86 [Link]
IID<lsr crqti tGs
B, ?.@r.,6 lor UrSllbd L 70,lAO
n-vclxE (I D q€k <H,
l9-1lo 62 O,lxr1 4.24.3(,,
lloler lD (k 016 ttc(rrkly Drry

7.1 The outstanding debtors balance on account of sale of power at the end of the year
stands at t 508856 lakhs (previous year t 471L91 lakhs) [Refer note no.3 &7]
without considering allowance for Bad & Doubtful Debt & expected credit loss.
7.2 The total debtors include on account of Energy Traded/ lnter State Sales as on
31.03.2020 stands at { 3110 lakhs (previous year t 8552 lakhs),
7.3 The provision for unbilled revenue (net of expected Rebate, Discount) & unbilled LPSC
of < 178204 lakhs (previous year { 170160 lakhs) includes on account of Energy
Traded/ lnter State Sales [Link] { NIL (previous year t 301 lakhs) being the
amount related to consumption not billed within March, 2020 but demand raised in
subsequent year.
7.4 The total Debtors includes dues on account of Delay payment surcharge as on
31.03.2020 at t 51083 lakhs (previous year < 42592 lakhs).
7.5 Expected Credit Loss is considered based on the trend of last five years collection in-
efficiency pattern.
7.6 Trade Receivables above includes electricity duty receivable amounting t 22090 lakhs
(previous year I
18356 lakhs) [Refer note no. 3 & 7] for which demand was raised but
collection not made yet. Hence the amount kept under a separate head. The similar
amount appears under note no. 30.3.
7.7 Security deposit from consumers amounting to { 628852 lakhs (previous year t
551353 lakhs) includes cash security of < 408289 lakhs (previous year { 375158
lakhs) [Refer note no. 20 & 26] and Bank Guarantees of t 220563 lakhs [previous
year a 176195 lakhsl was secured against sundry debtors for sale of power [Refer
note no. 3 and 7l
7.8 Category wise Debtors (Refer note no.3 &7) as on 31.03.2020 amounting to 4 508856
lakhs (Previous year { 471f-91 Lakhs) has been as follows:

&c o

"- t,

37
 Ca-o.y frG.2@o ,r.4.20r.!,
( r.. h Ladll ( ns. h l&E)
Dornestlc zl3II)1 224417
!BTA6 s76'19
[Link] 86295 95l&i
Put llc Wat€rwort5 3a$6 1G@
lndustries I)T' 31754
Steet uahUna 10569 8EI'
Cold [Link] 599 7@
Iradioh toad 7m 7ra3
sJe to trade.s 3110 8652
Sale to B{rll Supplrucenle! 142 25462
Tobl tG5 a7u9l
7.9 Trade Receivables-Current amounting to t 606896 lakhs (previous year { 603216
lakhs) and Non-current Trade Receivables IRefer note:31 amounting to t 80].64 lakhs
(previous year t 38135 lakhs) are under pledge for current borrowings.
7.10 Company raised invoices for different category of consumers against consumption of
electricity for their monthly and/or quarterly consumption as per regulatory
guidelines. Average credit period of 30 days for monthly billed consumers is allowed.
The same gets extended up to 9O days for quarterly billed consumers.
[Link] At the end of the year provisions are made if the consumers consumed energy but
invoice was not raised till that date of the closing of the respective financial year. The
amount is assessed based on consumption pattern prorated on the basis of actual
consumption of last 12 months and applicable Tariff thereof.

raOTE iac, - I : Cr.h & C..lr

As .t 3lst As at 31st
[Link] 2{t2(l Iriarch 2()a9
( R5- in Ltllsl
[Link] $irt [Link]
[Link] Cuttlnt [Link] 63.153 'r-r.43-,
-r,546
Rarnitt hc*it TEa.a 192 2t4
629 4r.1
463
52 39
16,.l.2' O a6,t a2

8'1 During the financial year 2019-20, < 234237 lakhs (previous year t 56570L lakhs) routed
through Designated Default Escrow bank account as per terms of the borrowings,
8.2 Ealance with Bank, current Account amounting to { 63153 lakhs (previous year < 7743i
lakhs) includes unutilized Govt. Grant of project fund t 4821 lakhs (previous year t
58763 lakhs) and capital Loan Fund for project purpose t 7476 lakhs (previous year NIL).
8.3 Balance with Bank, current Account amounting to t 631,53 lakhs (previous yeat < 77437
lakhs) also includes Auto-Sweep balance t 19978 lakhs (previous year t 9398 lakhs).
8'4 There are no repatriation restrictions with regard to
cash and cash equivalents as at the
end of the reporting period and prior period.
8.5 cash and cash Equivalents include deposits with banks, which can be withdrawn by the
Company at any point of time without prior notice or penalty on the principal.

& co
() I 38
I

le d
 (previous year t 3336 lakhs) which will be adjusted from subsequent power purchases
liability of DPL.
rt,4 Sundry receivable balance includes receivable from DPL of < 25462 lakhs on account of
sale of power (prior to taken over of DPL distribution business). After receiving the
receivable amount from DPL authority necessary payment of purchases consideration of
{ 10153 lakhs as per slump sale agreement will be made to DPL authority. (Ref Note No:
27)
11.5 SWAP receivable as on 31.03.2020 amounts to {
29336 lakhs (previous year t 6842
lakhs). SWAP payable as on 3L.03.2020 amounts to t 23095 lakhs (previous year t 9390
lakhs) included in Current Trade Payable [Note No:-25.2]. Thus Net SWAP receivable
(excess of SWAP out over SWAP ln) as on 31.03.2020 is t 6241 lakhs [previous year {
(2548) lakhsl which will be returned back within next twelve months.
XOTE IC)-a2 Other Currc]|t Asiets
As at 3l st As at 3l st
Particulars [Link] 2O2O ilarch 2() l9
( Rs- in lakhs)
Cr& M Ad6ra 13.4()9 11.66t
P.E-p.i, E&.lrr.r L64n 2,Ga
lncentirres, Subsiry/GrBnt & Otlrer Rec€ivables 96 96
Tot l 45.549 13,425
12.1 O & M advances of t 13809 lakhs (previous year a 11661 lakhs) as on 31..03.2020
considered good and fully realizable from the Contractors/Suppliers. As a result, no
provision on doubtful advances has been considered in the accounts.
12.2 lncentive, Subsidy/Grant Receivables includes Subsidy Receivable from Govt. on
account of Subsidy allowed to Consumers during the financial year 2019-20 as per
Tariff order 2017-18 (in absence of Tariff order 2019-20) amounting to Nil (previous
year Nil).
II()TE llo-13 - [Link] Cl.3sified As H€ld fo. [Link]
As at 31st As at 3lst
P! rticul..s Harch 2O2O [Link] 2(,19
( Rr- in Lkhs)
Assets Classihed As Heb for Sab 94r 524
Tot.l 91-t 521
13.1 During the year Company assessed t 947 lakhs (previous year < 52L lakhs) as Assets
Classified as held for sale.
N O-fE N()-1zl - Regulatory deferral account deblt balance
As at 3ast As at 3]-st
Partlculars March 2()2() March 2oa!l
( Rs- ln la khs)
Requlatory Assets t-5.51.914 L3.t4.o t2
Total 15.5 4,914 t3.14.O-r 2
14.1 West Bengal Electricity Regulatory Commission (WBERC) is the Rate Regulating
Authority.
14.2 Regulatory Deferral account is recognized on the expectation that the future economic
benefits associated with it will flow to the company as a result of actual or expected

.10

,ad
 XOTEXO-9:[Link]
As at 3lst As at 3l st
[Link].r! Harch 2O2O Iarch 2O19
( Rr- io [Link]
Fired DeposiB *fi Eanb 86,444 7\4A2
Fix.d Deplit iafi 6anl br [Link] ofPenrbn aond 4590 459O
Tot!l 91.434 15.992

9.1 Fixed deposits include { 51046 lakhs (previous year t 52322 lakhs) mainly related to
unutilized capital fund received from Govt. under different capital project schemes.
9.2 Out of total Fixed Deposit with Bank (excluding Fixed Deposit with Bank for repayment
of Pension Bond) of t 86844 lakhs (previous year t 87956 lakhs includes deposit with
Bank up to three months & more than one year) [refer note no. 9, note no. B& note
no.1ll.
Short term loan (including cash credit) & Letter of Credit facility availed under lien as
below:-

I
Fre.l EretErl *r Aiot .-.1e.Ie6 to rhdt lcm
L@n & [Link] [Link] 45.O93
tued arcpc|a *r Ba.t utd.. th lb..lGfalt 11,6s' 1(,.496

NOTE iao-ao - Loens - Currcnt

As .t 31rt As .t 3a.t
P. r-t ic ul a rs Irrch 2O2O [Link] 2()a9
( R5. in [Link] )
lrans arld Adi,anc€s to Stafi-hterEst free \ta, 4,904
Loans ..rd Ad\rances to St lT-hterlst [Link] 2L9 226
Total [Link] 2.13()
10. L Staff Loans are un-secured and considered good.
faOTE XO-ll - Othea Financi.l Assets - Current
As .t 3Lst As .t 31st
Pa rticula rs [Link] 2O2o I{.rch 2Ol9
( Rs. in hkhs)
Fixed Deposit *th [Link]- [Link] mor€ tfian I ),e.r o 9.O06
Sundry Receiv!bbs s9,446 14.551
DSi. Receiyabb 532 163
SltlAP Raceivabb 29,336 o
lncome Accrued on Deposit but not due 3.377 5.452
Mbcelbneous Loa ns and Advances 2lot9 21.6()4
Tot l 1, 13.7 50 so.77G
11.1 Sundry Receivable includes receivable against other income, collection receivable from
third party, consumer contribution against service connection charges & Security
deposits receivable in installments.
11.2 Miscellaneous Loans and Advances balance includes advance various statutory to
employees Trust funds which will be adjusted within next twelve months amounting to {
2035L lakhs as on 31.03.2020 (previous year < 17600 lakhs), considered good and fully
realizable.
11.3 Sundry Rece t ce also includes advances given to DPL of { L8227 lakhs

// l9
edA
 actions of the Regulator under the applicable regulatory frame work and the amount
is measured reliably.
14.3 As per lnd AS 114, accounting of Regulatory Deferral balance has been considered in
the accounts of 2019-20. The same method of accounting was followed consistently
since 2008-09 as per Guidance Note of the lCAl on 'Accounting for Rate Regulated
Activities'.
L4.4 ln absence of Tariff order of WBERC for financial year 2019-20, Company operated as
per existing Tariff as applicable for FY 2017-18.
14.5 Total amount of regulatory assets as at the end of the financial year 2019-20 comes to
t
1551914 lakhs (previous year { 1314072 lakhs) which will be realizable from
regulatory mechanism from the financial year 2020-21 & onwards.
14.6 It is presumed that favorable orders for the full amount will be available. ln the event
of any variation in the order of WBERC, adiustment of net profit, regulatory deferral
balance & Cash flow may be necessitated to the extent of such variation.
FbddLtio. ot [Link] Arnd.-il

Opgrrig [Link] qa 13t AFtl 2Oi 5 1(,.23.9

El.l-E- [Link] l'r-ttto PdE 3,44,!t2ro
Fl-El,/FLr-!.| (r.3s,3s7)
Cl-lng El.*E- da 3t.l MrEh 2016 12.37.127
[Link].€ ,"[Link] h- tt- P-ird 1,43.919
Ft-E), & AdlltrE.n wfth G6rl G.-n <[email protected]'
ct6r.r9 [Link]- a dr 31 3l Mrclr 2Ol 7 1t .54, t 7t
[Link]. [Link] h rtE Frbd 1.5:t.75!t
Ftc€y & Adjl-trYa{ wlth cl@a. [Link]! (1,2o.912)
[Link] [Link]- 6 dr 3ltl Mrch 2ola 11.9-t .01a
[Link]- [Link] ir ti3 P..to.l r.75.2&5
R-E!,/Fb!-.!.| (52.23r )
F!-€y A ,\d,lrtrrEn wiah Gorrl- [Link]
ctCing ct.*Eo B dr 3'tlt Mrch 2ol9 13.14.O72
[Link] tiliE h llE Ptbd 2.$,O73
FiEGlr/Fbr-,r.l (s2,231)
R*osy a [Link] !t th Goirt- [Link]
cl6ln9 [Link]- a dr 3l3t Mtch 2oao t5.51.9r4

L4.7 During the financial year addition made to Regulatory Receivable of { 290073 lakhs
(previous year 134092 lakhs) and further addition of t NIL (previous year t 41193
{
lakhs) as filing of petition for FPPCA & APR of 2018-19 before WBERC as per order of
regulator is deferred till issuance of tariff order for 2018-19.[Refer note no.40]
I4.8 During the financial year Regulatory Receivable crystallized through Tariff as per Tariff
of 2017-18 amounting to t 52231 lakhs (previous year t 52231 lakhs). [Refer note
no.40l.
1,4.9 Petition & APR for the financial year 2013-14, 2014-15, 2015-16, 2016-17 &
for FPPCA
2017-18 was already submitted before WBERC. Truing up orders for the financial year
from 2013-14 to 2017-201-8 are due as per WBERC Tariff regulation.
14.1.0 Total amount of 126146 lakhs which was disallowed in the APR & FPPCA for the
financial year 2012-13, issued by the WBERC on 12.06.2014, against which appeal
petition was filed by the company before Appellate Tribunal (APTEL). An order was
issued by 1.2018 allowing WBSEDCL to approach the Learned State
,}
'.!
()

4l
 Commission for holistic reconsideration of all the pending issues before APTEL. The
issue is pending before State Commission.
14.11 Regulatory Assets of < 1261841 lakhs (previous year t 1138787 lakhs) have been
considered for calculation of borrowing power for working capital loan. [Refer note no.
24.31
L4.L2 As per Tariff Regulation 2.6.I, Petition for FPPCA & APR will be submitted by November
of the immediate next ensuing year. However as per direction of WBERC vide order
[Link]-21 /19-20 dated 31.03.2020, Petition for FPPCA & APR for 2018-L9 & 2019-20
will be submitted within 3 months after issuance of Tariff order for 2018-19 & 2019-20.
Regulatory Commission is in the process of determination of Multiyear tariff for sixth
control period (2018-19 & 20L9-20).
xoTE xo -15: S h!re

Authorised Sh..E
As rt 31st [Link] 2O2O As .t 3lst [Link] 2Ol9
[Link] 15
(Rs.h
llo of shares
b bths
( Rs h blns)
Opening 40.700 4,07,000 40,500 4,05,000
Chanqes in equity share capital 200 2,O00
Closing 40,700 4.07.O00 40,700 4,07,000

(i) Iovemenls in bsued, Subscribed & PaU up equitt sh..E capitll

As at 3lst llrdr 2O2O As !t 315t [Link] 2o19
[Link] 15
f,o of shlaes {Rs.h
(Rs.h hldE) hrl|3) (h brh!) ( Rs, h hlns)
Opening 23,169 2,31,686 22,962 2,29,624
Changes in lssu€d, Sub5cribed & Paid
up equity share capital
490 4,903 201 2,062
Closinq 23.659 2,35.5a9 23,169 2.31.646

(iil [Link] of [Link] holding morc tli.n 5!f in the [Link]

'hrres
As rt 315t [Link] 2O2O As !t 3lst [Link] 2019
Prrticrrhrs
l{o of shalEj No of sharEs
% hoEhg % holdrlg
(Rs.h bfr6) (Rs.h bltls)
Governor of \ibst Benqal 23,65 9 100 23,159 100

15.1 Face value of Equity Share is a 1.0 each.

15.2 At the time of formation of the Company 50000 nos. of Equity share of { LO/- each was
allotted to various persons being the signatories of the Memorandum of Association of the
company. However, the beneficial interest for all the shares are lying with the
Government of West Bengal, more specifically with the Govemor of West Bengal. The
names of the first shareholders are available in the Memorandum and Article of
Association issued by the Company.
15.3 The Equity shares of the company rank pari passu in all respects including voting rights &
entitlement of Dividend. ln the event of liquidation of the company the holders of equity
shares will be entitled to receive the remaining assets of the company, after distribution
of all preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.

.3 C o

o 12

red Ac
15.4 During the financial year 2019-20 the Government of West Bengal contributed equity
amounting to < Ll58 lakhs (previous year < 5364 lakhs) for capital investment under Turga
[Link], out of that Share allotment pending as on 31.03.2020 is NIL (previous year <

3745 lakhs).
XOTE ,|G16: R.s..vcs & Surplr8

As .t 3l st As at 31st
[Link] Iarch 2O2O [Link] 2019

A) Reserve for unforcseen €ricencics

openrnq Balanc. 15 500 15,500
(+) Addrtion durino *r.
year 32L
{-) Vvrfien [Link] h Current [Link]
Closinq Balance 15,421 15,5 00
A) D€benture Redem Dtion Reserve
[Link] [Link] 12.449 \o,742
(+) Currcnt Year Transier 1,657 1.667
(-) Vltrten Back in Currcnt Yeer
Closmq [Link] 14, t 16 t2,449
C) Retai^ed Earninos
(4,250) (8,697 )
l,/et ProfitlNet Loss) For the current year 6313 4,793
Transfer to R€serves (r,719) (1,667)
Rctain.d [Link] of NTESCL meroed durino thc ycar 1,320
Clos Balance 343 {,i.2 5 O }
D allotment 3.745
Tota I (A+B+C+D) 302aO 27 A11
16.1The Company maintains reserve for unforeseen exigency to the extent of amount
allowed in the tariff.
16.2 Reserve for Unforeseen Exigencies added during the year of t 321 lakhs due to
acquisition of distribution business of DPL amounting to t 269 lakhs and { 52 lakhs
allowed as per tariff of erstwhile DPL licensee area.
16.3 The Company is required to create a debenture redemption reserve for the purpose of
redemption of debentures as per provisions of the Companies Act 2013. During the year
t
an amount of { 1667 lakhs (previous year 1667 lakhs) was transferred to Debenture
Redemption Reserve out of total comprehensive income.
16.4 Other Comprehensive lncome arises due to re-measurements of post-employment
benefit obligation and the same was recognized directly to retained earnings.
15.5 Application money received pending allotment as on 31.03.2020 amounting to NIL
(previous year < 3745 lakhs) is already utilized for purpose for which the money was
received.
OTE trO-l7-Oeferred Gouemment Grants & Consumers' Contributions

As at 3lst As at 3lst
Paftkubrs Harch 2020 arch 2019
(
Rs- h lalhsl
Govemment GranG toErds Captal Assets 13.76,164 12,05,589
co(|sumers" Contrbutbn toErds Captal Assets 4,20,050 3.94.365
Tota I 17.96,214 15.99.95 5
&c o
cr

S-!
('// 43
[Link] relating to Deferred Government Grants & Consumers' Contributions is as

Follows:

[Link] [Link] to [Link] Goycmmcnt [Link] & Co,rsuinGts'

Contsibutions
As at 3lst As at 3lst
P!rt-ul..s llarch 2020 Iarch 2Ol9
( Rs- in [Link])
Goyc]nmcnt [Link] torrds [Link].l At..tt
Operilg Aahnc€ 12,(EJA9 9,45,7 42
Add: Recrived [Link] the yeor (Net) 2.14.355 3.(n2:,
l!!s: \rtrdr Blck to P&L .€rount (43J81) (41,,4sO)
clo3bg [Link] t3,75,154 12,(E549
Consuttrcrs'Co.t ibution to-7ds [Link] l Asscts
[Link] Bdsnc! 3,94366 3,55,474
Add: RecEivld dJrirg the !,err ( ct) 3,515 115,O(2
1-er-9: lirfr€n Bact to P&L account (7.93r) (7510)
cbshg aalBnce 42O,O5O 3.94366

17.2 Receipts of Govt. Grant including interest thereof towards Capital Assets Scheme
wise are as follows:

Government Grants

Gross
a Received lnterest TotalGovt
o open ng clos ng
Name of the Scheme During Recei\ed/A Grant incl
o Bala nce
the Year tcrued(Cu
Balance
lhtercst
f mulati\,e)
3
o
3 Rs. ln lakhs
o Rajiv Gandhi Grameen Vidwtikaran Yojna-X 4111 95 41t1 4812
0t Rajiv 6andhi Grameen Mdyutikaran Yojna-xl 70347 2 2191 1038 105 66 3 1067 01
:t
Rajiv Gandhi Grameen Mdyutikaran Yojna-Xll 42308 121 499 43029 43528
Raliv Gandhi Grameen Vidyltikaran Yotna-CPSU 141736 0 141736 t41736
o
€ [Link] Reqion Grant Fund 2 51110 2 3395 2 511 10 274505
o
(I Urbst Bengal rural Household elecki( ty programme
95 000 154 95000 9515 4

o
o
Deen Dayal Upadhyay Grameen ryob Yojana 250064 42906 15317 29297 0 308347
It lntegrated Porryer Development System 84913 167 86 3934 161699 165633
Strengthenrng and Extending Ele(tricity Distribution
o 66400 13250 0 79650 79650
Papid Energisation of Agri(ultural Pumps 8s733 0 85733 857 33
o
High Voltage Distribution 5,6tem 185 00 35000 0 53500 53500
ri
Pradhan Mantri sahaj Biili Har Ghar Yojona 15167 2028 198 17 19 5 17393
Solar 44743 613 5 16 5OB7 B 50894
(n
6 Reskuctured Aaaelerated Power Developmentand
f Reforms Proqramme-A 20492 0 0 20492 20492
o Green City Mission
f 3000 3247 0 6247 6247
o 5p€cial lnfrastruture Project-Under Ground Cable 3000 10000 74 1300 0 13014
1 0thers 66134 17165 4 802 68 80272
o Total 12 97 089 209129 11721 1502 88 7 15t7611
Less: Written off Through P&L Account 169691
Balance as on 31.03.20 2 0 1317920

Note: The amount above is excluding interest refund.

iir Cg

o 44

r0d Ac
17.3 Government Grants Utilized towards Capital Assets - Scheme wise are as follows:

Capltal Expendlture a9a lnst

Government Gra nts (lncl.
lnterest refund) and Loan
6) Fund
o
.D Addition
J Name of the Scheme du rin g
3 Opening the )/ea r Closing
.D Balance incl Eala nce
l interest
6) refu nded
q, Rs. ln lakhs
f
Rajiv Gandhi Grameen Vidyr/tikaran Yoina-X 5525 o 5525
o Rajiv Gandhi Grameen Vidyutikaran Yojna-Xl 103 846 1_l11 10 515 7
{q, Rajiv Gandhi Grameen Vidyutikaran Yojna-xll 4\602 1904 43506
Yojna-CPS u a4t736
El- fiajiv Gandhi Grameen vidyutikaran r 41736 o
Eackward Region Gra nt Funcl 219 59 6 3539 223r35
r-)
o l/Est Bengal rural Household electriaity programme 94679 "r24 944O3
E'
Dayal Upadhrdy Grameen lyoti Yojana 106965 2A7969
o, Deen 1a 10 04
lntegrated Power Development Systerr 44920 43456 164376
Strengthenlng ahd Extendlng Electricity Distrlbutlon
o 625L7 42127 LO4644
Rapid Energisation of agricultural Pumps 208350 9758 218108
High Voltage Distributioo s ystem 4204 4a465 53069
U)
.1 Pradhan Manti Sahaj Bijli Har Ghar Yojona 13143 3916 17159
=
o Solar 25540 8648 34144
3 Restru<turecl accelerated Power Development and
l' Reforms Proqramme-A 21966 616 225A2
t Green City Mission 422 3461 4243
o Special lnfrastruture Proiect-Under Ground Cable 2224 10339 L2567
Others a25495 15231 L40726
Total 1336413 3407 20 t67 7 53U

Note: Capital expenditure indicates as above includes book value of Property, Plant &
Equipments, Capital Expenditures- in Progress & lnventory.

17.4 Unutilized Govt. Grant Fund and loan fund meant for project purpose held in Cash &
Cash Equivalent (Refer note no.8), Bank balance (Refer note no.9) and Borrowings -
Current (Refer note no.24) are as follows:

& co
t

45
 Prrtl(ul.13 of Unutllltd Fund [Link]
(Govt. Grant rnd Lltn Fundl

Name of the Scheme [oan Fb@d Curent

ca5h
Grant Fund Total Credit Total
Fund Deposit Acco0nt

Rs. ln lakhs
Rajiv Candhr Grameen Vidwtkaran Yotna-Xl 15114 0 1544 0 I544 0 t544
[Link] Gandhl Grame€o Vidylnibran Yoina-xl 22 0 22 0 22 0 22
Ba<kiard Region [Link] Fund 5r170 0 51170 51046 324 0 51170
llEst Bengal [Link] Household eledidty programme l5I 0 151 0 r90 161 151
Lleen oayal Upadhyay Crameeo lyoti YoFna 23154 14521 37681 0 1123 35958 17681
lntegrated Porver Dev€lopmeot System 0 12258 12258 560 5753 5945 r2258
Strengthenlnq and ErGnding Electricity Ostributio.
3122 0 l]22 0 0 3722 3t22
High Voltage oisurtrution system 0 431 o 20 411 431
Pradhan lrGntiSahaj Biri ttar Ghar yoiona 234 0 234 0 0 214
Solar I6705 0 16?06 0 1969 L1131 16706
Green City l'{ission 1964 0 1964 0 0 1964 1964
Sp€cial rrfraitutI]fe Project-Und€r Ground Cable 0 0 447 0 141
1964 0 1964 0 77 7893 7964
Total t0?309 757A5 134094 51606 t2297 70191 I3a09,l

17.5 Govt. Grants are not recognised until there is reasonable assurance that they will be
received and the company will comply with the conditions associated with the crant.
As on 31.03.2020, there was no unfulfilled Govt. Grant lying under this head except
of DDUGJY & IPDS unutilized portion of State Share fund is kept in cash credit account
instead of current account with CLTD (Corporate Liquid Term Deposit) facility.

17.6 Govemment Grant includes fund received from Central Govt., State Govt. & other
Govt. Authorities for execution of various Govt. Schemes for electrification.

17.7 Major Conditions of Govt. Grant is to complete the earmarked project within the
specified time period as per scheme approved project completion date. Nodal agency
will assess the work and expenditure and submit its recommendation to its
monitoring committee for closure and also refund of excess grant by utility, if any,
released against the project. ln case the utility fails to award the project within 9
months of release of first trench of Grant Component viz. LOo/o of the [Link] will be
deemed as cancelled and the grant component released shall be refunded by the
utility within 3 months.
L7.8 consumers' contributions towards capital assets include transfer of property, plant
and equipment from consumers that is used to provide electrical connection to the
Consumer. lt also includes cash received from customers for creation of an asset that
is used to provide electrical connection to the consumers.

o
Acc
"'t- t6
 XOIE X(} la : Sortoahgs - Xon curr€rt
As at 3t5t As !t 3l3t
Sl Xo Prrtku hrs IlrEh 2O2O Lr<h 2Ol9
( Rs. in hlhi)
A) Bonds
secured
i) 9.3/na dl Corwtibb REd€embb Bdld 2025 49,966 49,96I
]tyFthec*bn of ft ed Ass€E)
(Secllred by
(H€€rnabb at p6r at ttle end of 15th FD.)
a) IO.85!a lton Cd ertue Re&cmtft Bord 2@5 19,7*t 49,746
tvpottE .tbn of fiEd Ass€ts)
([Link] by
(He€rnlbb rt p.r !t tIE €rd of l5th For)
Uns€cuaed
-) a-5i [Link] T.rr3t Boodr 2016 ([Link] Crovt
1,17.3m 1,17,300
Guanntac,
(kdcemlbb h 5 EqUd ldrErts !fur a l0 F6.
moaalDairm peaird on aeFFcrlE. Iaeover, t ie
ComFny har ! @l oFabn b rEd€em tlE Bond h
*rob or D.,t .,rY tine hefo.e [Link])
Sub-tobl 2.r7.065 2,tl ,o1a
8) l.o!ns
[Link]:
i)
loir ftom Fos ,hae Co.D@rhr Linbd Arc 12.8,13 12_O3:l
MPTXP
ii) Ldr fiom PoEr Fn6l|ce cotpd'6ti'l LinfEd 53,333
i) Lgl trom hrral [Link] Corp,atbn tintEd 5,02.a@ 4,17,378
iv) [Link] ban frdn-\€I)F Cl 60,fix)

YI
loa ltDm F .l [Link] corPratbn ([Link] 1,451 ro.t7a
Got GrrlartEe)
vi)
loll fiEm Rr6l EMfaatirr CoIpol'tirt (rlb oyer
10,323 10,323
tur IBEDCL,
vi) [Link] from Sbte fu. 9,8e 11,457
sub-total 5,&1,909 521,597
ssb-tot l (A+B) 4.t9.974 7,11.7a5
t-6s:[Link] [Link]. of b.!9 term [Link]
c, rasrerrd to O6er &r.e.t Lb-ies ([Link]. G 27)
r.61,126 220,114
Ioral (A+B C) 5,52.54a 521,53r

18.1 Borrowings- Non Current amounting to 1819974 lakhs as on 31.03.2020 (previous year ?
741-745 lakhs) includes Borrowings utilized for the purpose other than Capital Purpose is
< 171250 lakhs(previous year t 218201 lakhs).
18.2 Debt servicing of loans and borrowings were made within time except repayable amount
of Pension Trust Bon+2016 of 2019-20 { 56100 lakhs (previous yeart 25500 lakhs}
lakhs. Repayment of Pension Trust Bond has been taken up with GoWB, being Govt.
Guaranteed Bonds, to provide fund to avoid financial burden of the Company,
Repayment of Pension Trust Bond is already claimed before WBERC in the tariff petition
for the financial year 2OL9-20.
18.3 There is a difference of t 7882 lakhs (previous year < 9814 lakhs) of RECL loan between
the books of accounts of WBSEDCL and RECL This arises mainly due to difference in
accounting treatment of principal and interest in the books of accounts of RECL and
WBSEDCL.
18.4 During the year Govt, of West Bengal provided interest free short term loan amounting
to { 50000 lakhs (p { 50000 lakhs) & the same was not repaid (previous year-

17
 repaid) within 31.03.2020.
18.5 The company has been renewing the short term loan of { 9000 lakhs from Syndicate
Bank, 9000 lakhs from Andhra Bank and t 11674 lakhs from UCO bank during the
I
year. The renewal of short term loan made without repayment as per stipulated
repayment schedule.
1.8.6 Maturity profile of Borrowings- Non Current as on 31.03.2019 & 31.03.2020 are as
follows:
d Lllort! &o]l8rtr!
E.t lli Ir
st
?.ddl5 L r0rl Dlr*ih 2bt dllr i LtEit, tt TrruJ
lo (rih I Lar Lr faar
IQq'EI
LErl
l) 5a<!nd
[Link]. 150t-2019 hrrn Au.t
il l-o fron kl(.lh( CrDoGbn tidH
frnl ruJrS
110G
95920 ?lfi51 l6m7
l5.u2lB7 HrYedY
il l-o{ tul iErhre [Link] tirtdllf, uot2 {&5 2(p.48
Il052lD.!| -
hidf,
ixt 9.001 9118.S
15.u1031
8lft
-) 10.85f lor CooErli!. keoade 8o0d 2026 gm I0.8* 0m 0.m tm-o 01.8_206 EDarnant
m n&rty
Srtt
15.0245,
M 9.14* flor C-orcrEb [Link] &ri 2l[5 tm 9-11* 0m 0.00 vn0.0{
2ll!1(D5
rEprymtrt
6 n&{y
tl b ilo hr Elfre CoFrdtu{ LhH 6]]]3
I0l*, [Link] 00 0.00
1rt!a:01!] -
ltltify
l09x lSGlt[0
0 [Link]
26.05-IB7
0crE kll6 Earrd on dlr
il lrrlrrfft Sht Go{ 1llt 8_ylt 157 2,92 70a U.G [Link]
Db
s(hdt b Ftb
t lEdl
it
lrrtu Ld kldin G?[Link] hgjlEt
10u1 lollt 010t1019-
27lr 7161 0 lftntlly
Gort Gtsr*d 0L0l.2la)
lrx tlur h kldin CoD6.h[ 0& oEr LBEdrfdf aFlb h
i t! f,f,00.1
10123 8lot 0 0 0
Itd
hts
8.$ hriolrEt 8q* 20S ftFrGd-
i)
[Link] 1UXo 8-rx $100 6t-rt) 0 lbrt
Iot l 71997

.18
 lion Cmm Ar on 3101D20

sl
lr .t rlrt Ol,l nh 2ro5
Io [Link] Lr 2020 I raar than 5
( h btnil
A) SlEurcd
7.90%. 1104.2018-
i) l-oan fiorn &r!l E€dffcatrm Corporalan Limited t0i40? 75915 2:56r3 I69869
1L00* 15.12.2037
Io.n from PolBr finance Corloratbn Unted Arc 1105.2020-
D 12841 9.00% 559 2794 9491
MPDEP 15,122034
&t€t
iO85% tlon Con\€niaE nedeemauo 80nd2026 50000 10.85% 0 0 50000 0a 08 )016

-
BdA
16.00.2025
9.34% Non Coiledu€ Spdeemale Bond 2025 50000 9.34h 0 0 50000
2110.2025

v)
Loan fr.(n Ihet Eenq?l hi?nircire Daidopment
60000
9.15 % &
0 51000 6000
11.122021-
Frlame [Link]$ Ud 9.55% t0.09.2025
Bi Un!.cur.d
toan tun Rl'al E ddkati0n Corpa'albn {agft* [Link] -
i) i{61 10.I1r, 2113 1111 0 lhnhly
Golrt Orallrtra, 0L0r"2023
24012037
l8alaft! Rs7:16
Based on due
i0 9880 &50% 1596 7092 v56
0ate

Lod nun R!?IEectit(atim Corpo6tbo flek onr t0123 8.t0% 0 0 0

&paf&.nt [Link] B Ft to b€
fiun ltsSEDCLl ft@d
lrndE
8.5% Pensbn Trus! Eonds 2016 lagainrt GovL 01.042018-
r) r!7300.00 8.50% 86700 30600 0
Guifiteel 3L012022
Tot l 820209 IEI
L8.7 Pension Trust Bonds 2016 (8.5 o/o) has been guaranteed under Govt. Guarantee.
18.8 Details of Security against Borrowings from Power finance Corporation as on 31.03.2019
& 31.03.2020 are as follows:-
D&ik ol Loan a*cn hon Powe! FinaD.! Corpotaton Ld. as oh 31 .N.n19
lRs. lrl tatn)

Lrt
9. Origldl lid.
0nllt d (Y..4
31.03.2t1t

O'sr Lit€r ur(b Pu,t6 tiHl*r., 8adui, Punia REkn

.d oH rii.. ad Pllt d Bstsmgoo ,Bud6l a)e, RE tuqer 12 5278 190000 m 26 03 2015
to25-
m19?0 6llll
8a*Lr, Et 3rds.l ol wBsEDcL gnd tu. A$6266 Hd5 as
1
1095
ar [Link] - I d ltoonle&on oeod (R&toaN)
Frlr ch leny Bypd'..diot in brE d ilE [Link] ar 0E
r'aly llnaEd A3!€ts rE Fid
idlrkrS mod€
'$dtr rld [Link], e Eqd! sl€
melimryosd!.ry s!rr6,',n13 19.6.2012.
2 1474.m 9.00 vl'2L25 147.1
g!..rt & tuuE e rdl ss ar tlo u6lrE as6l5 h€ng or'H lnc L12.2n17
o. ooc, coUicto tudii'g liliang lrc td€s nddiE itji!.
'n
l1KvlPl"c ca0€ in sdnn Paia)r lR APDRP-A)
The rnde ol dr m'.!a ,€!.b, flr6dl I it *rdIE lo
Grdy lnricd f,sse ddtd / b b cn lld ug FI"AP(XP.
3 Pal B u'4, U lo.r F*.lr a !d a aaa.E mod. a!.rs r07 16-35 01.03.20r 1 [Link] 3503
(Clrsied lrE ) d!.iGd at REgr*:6, SsrlrlwE,[Link]$d

TIE rftdsd tl. mord€ Alscts, p.33dr e ltuE pdldrll{ b

rElly &wr!d ass* c,lded / b Do dLl6d urbr RdPoRP. 01.ts20ll,
Prt 8 uxts 22 tll t{ats G d G siBt({ nEd. !63e 111 16-? 1129@ 9.00 203031 )2ti
01.012015
{Ostd hc) d-ld rl ffi. [Link]'[Link]

Frsr dEle ty lrgdEcdim h b'4, d !r ccrlodidl dr [r

.E{ily h{n d &rd! llldru'€ pr*El co'[Link] oltrBtofl'.r.
3ubtiir,Lr. c@dm elc idlJdnd ito.d€ 19.6.2!12-
5 [Link] spn!8,h.b a'd ...asdiE an .nil r25 8- 18 1991m
01.01.2015
l91l
4iprsrs, dl gtss{ I [ru! - rd r on !D ariliE 6t E
e!l! C6rr t i@\i,Ey .rd [Link] or a00 KV $etd n So,!1

FlGt char!€ br tlydt&diI in lEr d rto co'Fnlb cl lis

ndly inrE 4 Ailds lnda ho [Link] inddng [Link]
I madiiE y.m&hmry sFss Lds d rccrssdrs, al g(is. srla 146 6- 14 r886m 01-fi.m15 9.00 ?034J5 1851
boii p.*4ri 6liJ,! s! [Link] as m tb .{6liE [Link] b,ing s'n
sldior [Link] d s[axi zrE IR APmS)
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c t

rd l.r 49
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ft. },,-rn )
t'!a (Iia-l
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htitsla
ll-'l t'[Link]
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trtdit b .1, tEd L.b c5 / b
L .d * IllPtnP. Pn B !a. 2t l-r ot-Gtlit -
I
pi-i-d. lni-t lt* (O.t
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--
rB)oil r Eflq..t [Link]
Ir ff d tr i!-l lr!t, Frrr t tarr
[Link]-orlrallL
2
crd u* R{PO[?. h g 'ri. 22 ur l0l lt? a!2!.!a 0t6llll - 3.O 70itL3i
Fif -d- dt'td -[Link]. t{ll zott 3U5_:t!t

r..) ord a fEfllrrr UrlFqrliie

tu .bt. l' llt rri.' i! h, d h
.4arial0.r h t*d lr-t ut t!.
fid .r!.id '!d, d [Link] rti-"t
! !t-b! .t i'.tthr lnd
Eli-r F-\ b.L -d -trra '!rdi-r, !t5 t- ll rt7@ ttErl2. LO 2@-t3
.i d! 010t rl5
l&to_37

{*r-at Ur rrrt I tt r - d ! 6tE

[Link] lt r Gdrit ri ti...l
o xv.*brir
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Scr.t
tu .lrr t llrrdEri. ir t!., C tr -l
oFrb 6 dr ,tdr r-.r Ar- rir. ar
F{-t i'ff! rid. r-lirr, idi-,
Frr h.b.i. i aFq..i rlIr12.
t ti- r -.. r rh -tit d- -rrr It 0l I.T 0r i rrr
9.@ 2@+6 2(e (D
r! o dr c!.(r!. i'.rt i't t c lt..
a'dat! rit. 0ll(v)+tc.t ir 6ont Pq.[.
FlPOffPd)
Er dt!. t, ltFa!-rir . tr, d L
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"d, trELrt, di-,
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5
FB, d rl esi-, t Fl..b ra, tdr ll8 t-lt 2171.4
tl@28 9.O 20lrr 26+5 254.&
Fr.-t & ttn - d .rtth .itt .6 h.g
$a r|li' nrd- lrsald Zlr FAI|[aPal
H t5r, t28ll
l
I8.9 Details of Security against Borrowings (other than Taken over loan from erstwhile West
Bengal Rural Energy Development Corporation Ltd) from Rural Electrification
Corporation Ltd as on 31.03.2019 & 31.03.2020 are as follows:-
&C a
o

.ed Ac

50
 [Link],s ol Lo.o Lt@ f@n Rodl ELcifliadod Co.,'an@ Le .s on 3t-03,?,19

Erd-- irr dq, b, Hrrreer or 6o.t. srFr-,

9lg, & trr Fiarins ro ,rdry tw'cad .rrt.d / ro b.
^l.-
n'..lrq'4JqM'64.y'Id@
iF6,rod!.inc6-L r rrl
d l€lt 3d*GlJ+.grt
n^-rc,stigd,c6 [Link] r. i,[Link]@ I Alcn !tat@ d
DCc. [Link].r. b n rh. l1ld ol 16, [Link]-ip..r.t [Link].€r

Fr,!r .1I. by rt [Link].d.i da

riod. !n 5t4r. |Gt- n frE Pl{d $tu!, $iun r
uirE!&rE J.t 9ui. &rgdi,n AhdiEo drL
5a0ro6a likE & .E ad hr sdr! B [Link]

r@[Link].
.d.d d d ,E rdr lo b. b B'pBEn d |!
.[Link] by 'dr.d!.Eilr brl nE 33 6 -ari'e
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cddlng 6, aE a, xdl&, &rdEr,
[Link] rd udE h ll ..{. olw-a
Frlt .ns. by n rc,di. d.l h &td! {rDd!.d
uod. id !116 redd r FE Pq.d sas'i, [Link] .
[Link] J#eui, E!F,,r a',(d, ol rb.
25,O|oae l-,r - (Ltd h $-rt.
'ro
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[Link]. ot d trw no.d. -!.r. .,'a .ror- t d 16 E

.,id.d on d h ldr iMt ro b. dlid s. dE\.ddr a
[Link]'rdd lR.I\t, .r , irv, (3 r€rrw) or ,hftr li/du
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fhlr ch.!E a rird*ro d a6'd6 [Link], !.en t
rnE pal iE .o..rrr/ r-..4
idrq,4iFd,Eni*,.ni.}}'y
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ol nrr{l. .rld .quin rdJ.d (. [Link] Dai Flri
, o$ri (lx eMllJl,r , [Link] oitbd *fi nr .Er. or
w.B_a-. b d rb mdn .r |o.i,anrrErFrd ililal
Finl d:!. bt rryldJE drdd r tnr n'[Link] t![Link]-
peid! b [Link] hrE d Ard .r4d , b b. ..!dd l*.
LdrniE 3 Pr-. 2 w'E sdd st . (srd.) Mar.
^G6, ^c
ACSR rOG/WOrfrSqi.d Cdddd, r lA C6..rlr,
n3 rrv rlntrffi,
3w ,r?E c.d., 3rr l(v, r0 Mva a^CSR
[Link] 6ri vcr, r r r(v, 3 P}( 1D0 oro TyE rd.b, ilw
t 3(v Ph r rL. hdrd. Ll r HT Ar.d Belid Cd.. AC
s.{. FrE6 ? w'E sdk su. \sE., rre b b. iEld
'n

[Link]. rtr .. llr Fr-r HrdrE

s6d- .n.&dr. b rr @.bd r..d E Fqd ldlrdEar d
ro ts RECL h .tu dd6 d {rBsEoca - ltsEd .
[Link]. v d oE gLr* tn!.dt ..ri6 aosrE t

A tr &!E nEd- ald {odt b b. [Link] unr ,.

EErrs !.ianB d d. [Link] [Link]&!o nB Faud d, d
e ldr b b. r..to.- Dy aEC

[Link]!.by iypdEdro. d cd.*h d* [Link]

nfu lo [* {fui, li. d,8.. ..It. Eu{Y b 0..,6.1.4
.at d[Btltad .r$ [Link] ido th .tdB d b. In a .bol rh.
[Link]./.l'd, C..k r rn Dmi- 4 F. Sdrdl. A F rle
[Link] .a !.d .a t ld d! d R. ,116?.16 hrn i*!
crd.d d d ni Bid k 1614 ..[Link],r - F. Pn I d
d i., 21!raa57 l.*h rd' ,En - F P,l r at
t4tro lo* d

llE rld. d oE rEd. Arc!. p.€s r tu(h Frifi! b

Drly llltd ed qtd- 7 ro b. .r.l.a un r fL PIF.
r@ lollr'lh .!n &E nbd. -t*
com!.t!i4 d SddrsE . a& xv, [Link] inrbh- {11/oa
xv) 1co (vA. oH tjE tru'ng 1ftnr6 (3 xvl rn oH Lic n
oorr cffi rrcItrg i!r'!. .a Rs l2lj{3r rrL 6 F+
*is rrh PFc fiEcr Tsra a PFCL 25tr
rt tr rlh rod- ri, n..tn r, b. .'tn u.& lh
[Link]. dre P-l B un . 5 ls
.drrdri rle Forld d d rr lod b !. ..Et .r.d by IEc,
dllha ro rh ,.qd dt d tu. r2ar.6 l*B 6 Fl pG!
A ll. ra- ,enb [Link] d
trrE ,8. r8{td cr ol ll
l.' [Link],.it by iEc. rd-rs t' h PlFr cd d Rr.

& co

5r
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rryErE{rq]dj.'@itdIBrn
Fdrea.g,
lL,dqc.4l*&

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[Link]{ 6 16

[Link] (v) r@Kv.

clfr,Ern'6ry.
!h6tutulEE{.r!.d

E-ld4'[Link]

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ddrb Pq4r n,rcildd t

o
52

CA
18.10 Details of Security against Other Loan & Bond details as on 31.03.2019 & 31.03.2020
are as follows:-
[Link] otorr..lo.r I Aonf - orr 31.([Link]
lP'.[Link])
Inolllol [Link]! lraa Oitfl
El-
[Link] [Link] oirlrl trd. [Link] [Link] C LbrE
b,
prirl (r-, [Link]'
1 6.f Pridr ld 8at 2016 O-t d
Gd. 25! amm 15YE 5 tu1-2 1r7o.o
PbrafadaErrA.l
2 CE Bdn S.i! -l Ant9 S{e kt ct oatE 2gno rmm 15 YrG T6-6 25@.@
-r d B t{]Gr/ru-
rb!.e .!d {Ptn( &
3 Cg 8dn S.i!3-l rHiEt) d Ar- 25dno 2Jm@ 15 Yec Mb m.m
Ptfid Sq. Eicd
E Ii! PU e !dar.y,
Eail-r trEhrs,
FE IBbEs.
1 CE 8d [Link]-l *rrr, 8{dt e 6g 5@O [email protected] !5 Y6 &n sm}@
E{irsrt .n DE ,
C*.etffidKdd
& fSIIGAE
td ,!n 2t7m
ll of [Link] I [Link] - d, -,}liNP
Rt. h t-5t)
st. oiir.l Fr.I g &LE

orrt !!-Gr@
1 l.5I kri, Tid 8..6 zqt6 a 15EIO 5 7@14 llrJo.@
PhAra-EirdPl.-
2 [Link] Sdd S.- -l Ai? hg. kiGl dL
!t dL!4BtrrU-
ru 2yII)-S) xPt6 24rc0

rbd -- {Ph a
3 C.r- 8(.n S.b -l Ida-y) a htrl E(ID 25UD.(D MA 25@.@
[Link].d sEo Pnaet
Ear!htmdiq. --1
tlttur T-rbr.
P* T-ttur,
Crii Bdn S{- -l S'-}r-. B&r 6 qti 5@D aru).o &zt 5@.(I)
E{i,ml .d ti'r+
C&Aitr(dxra(lh
tu 6.!. ts,

[Link]- indBain .a e.a!

5 h+r.r [Link]&t iit
illcZ2el --
h
ot E
rH.U tqD AIIIUD a@zr fm_@
tb -
a [Link] d !r
tir ..frl^aEd
rd to a,:rr,ll

18.11 Total value of secured, redeemable, non-convertible bonds issued by the company on
private placement basis stood at t 100000 lakhs. These securities are listed with
Bombay Stock Exchange in wholesale Debt Market. During the period Debenture
Redemption Reserve has been created.
18.12 Claim of Power Finance Corporation Limited of t 231 lakhs (previous year { 231 lakhs)
(not acknowledged by WBSEDCL) up to 31.03.2020 on account of Principal due for
repayment is considered in Long Term Borrowings instead of Other Current liabilities
under head Current maturities of long term debt. lnterest on loan is provided as a
matter of pruden & co

d)$ s3
d Ac!
-2
18.13Regarding RAPDRP Part B loan 50% will be considered as loan and balance will be
converted to grant depending upon the fulfillment of the terms & condition of the loan
agreement. Fund so far received till the end of the financial year 2019-20 has been
accounted for as loan and interest has been provided in the accounts accordingly.

18.14 ln absence of detail documents, Loan from RECL (taken over from WBREDCL) of t
10323 lakhs are considered in the accounts based on last audited accounts of
WBREDCL for FY 2010-11.
1.8.15 Assets pledged/Hypothecation as security for Current & Non-current borrowings are
as follows:
[Link]^lrdr(&d r*rrl bttrfEr
& .t 3rfi L.2O2O (Rr. h [Link], &.t 3r-r l.r 2OIr (Rr. h [Link]
Pbnt t
?h& UrE C.L.r r
Tdbl [Link] & Tot l LaJira
LdriEry [Link]! a'
lctErtt

Ph t Ldirt ot lbl&,[Link],[Link];
[Link] TorB om 0m 501100 50u 00
Ph t Idfrry d [Link], &#r. [Link]!t?o. rn lut m
XiFrnhrtrLotw_8 l4al.(I) l1a m 14410
Ph t [Link]:ry rn [aE, d.s t [Link]! ol27IW
F grY) d nffi. HrdDfhcutty par C.t I
Ihidir DitEl rtlh h. ti. dlv..t [Link]
*r.(I) 5!nt m 594100 *-l
PU t lrdrirry of rW flI Wlrt t lb*dna
oiffi ranh tE ttt! d trv-8. 1112 @ lll2 o0 1112 N L712 @
Ph t lrd*sy rl Lh.. * I lM olrir.
rHilb olU.a [Link] 52050 @ 4658 13 5[l!)1 8' 520$ m 151:t8.I3 5a9l a7
LiEr Cd.. t [Link]! ol .rirE cftlr d lVgliE0CL 96650 00 9C6$ 0 849(8 39 84rE l9
Lir., * r lffi d$ hr fElllrr lr rle
dllt.r [Link]. 35D4 Al 35U4 8l 3512/t 81 35124 8l
Ph t ldiBy rd tiE. & A lbuL olfiirr
ditrif ollttd 8.?Ii 533S 56 19766 59 4519.97 63160 m l:Itto 03 41519 97
Ph t fl-liEry rd tir.. cab t [Link]*t ol
X*rr &rfur rd XihFl! Zdt. 17[]7 m 1037_40 6429 60 17!37 00 lO3O7.,O Sarq 60
Ph t l.d*r,y rd tiE. &. I ltbar of RE
slird SlsuI I IilrFCZrt. $Il4 R i:i ,,.,",-l :yt&5 0l a5!.p 23E5@ E5 €)22-79 23221451
/UFd..[Link]
ti!. Cd.. t tLht3 d CEtt [Link], 0m ooo
Plft I lrdrEry of J+Irrirn c@dt tE [Link] 1622 85 10G22 S lM12,13 lo0L2 l3
PU r lrlig, ,n LaB, Catr t [Link]. d
tt 2&Btl.15 3!p,0.7rt :t63!t
Eg{lul !E dw!.r Bqi 21tt2{J_11 85 u144.(p 2520543

l-ir., Cak t fbdt! ot6l TatB 0ru{hd, ttE rl* rao3 m

[Link] 8!ta. 16403 00 lG203 m 16203.00
taE. Catl. t [Link] otfg T rE trq{hq.l tlE 5ta.
[Link] &'Ii IA2l 50 113221 50 l2vB 79 12509 79
l-4r.. * I [ffi oa3Ictr GcdEf h rf&
dw..t [Link]. 2U)0 @ 20!10 m 1474.m lt74 fi
OEE tiE Pub Etrl,. Irf'q [Link]
RgJin ri OH 'rcr
tiE d PaI ol [Link]-wd! , &rt.!
zfr. RE Pti.t Brtue rd 8Ei ol !8SEtf[ -d t-t-l 14751 35 15!840 51 18!Il1 40 15122 5t 1739(E 8!t
Rr. an!?.l8 l*tlr . p.. Scbdl - l [Link]
Ed.
PH t l..,itt, I hr/b hnT Sto.t P.i-t
-I-
2654 97 x55,r 97 27552 67 21552.61
Plrl t [Link] I tu.1. PurT slD.g! Pr*Et 324D a9 256U.5,t SEOI 5 33787 4t 26944 6 6803f5
Hzr t [Link],try rd LiE, CJ.r t tlffi3 d Xol$
&
7671.91 57822 8A 8749 03 el529 57 [Link] l8zl90l
PH t [Link], otfcf. 8HP ,r, JlP 156 1565 o@ 0m o.q) om
EcE
Tobl .Dlortcltts
9Lafldrlindt <.Ed a [Link], ll7tt2t5 2trro 479514 tt25g, 241597 93

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re,j 5.1
 |OTE iao-19: Trrde [Link] - Lon current
As at 3lst As at 3lst
PErtkulrr5 farch 2O2O Iarch 2(}19
( Rs- in lakhs)
Liability fur PuaEhase of PoE. & Transmissbn charges 412 2,326
Tot! I 412 2.326

19.1 Non-current Trade payables on account of power purchase is payable to WBSETCL in

installments from the financial year 2O2O-2L & onwards.
llOTE r{(>2O : Securttf Depos- from Consume.s - on current
As at flst As at 3lst
Partkul..s ilarch 2O2O liarch 2Ol9
( Rs- Lr bkhs)
Secllrity Depost from Consumers Arc 3,94,519 3.6r,416
Total 3,9,1,519 3,6l,Ata
20.1 Security Deposit provided by the consumers for energy bills as per Regulation of WBERC
to protect the outstanding if any, arising out of default against sale of power.
taorE iao-21 : olrr.r [Link].l [Link]-! - t'ao. cuitlnt
As .t 3l-st A3 .t 31st
l. .rch 2O2O [Link] 2O19
( Rs- i.r bkhs)
L-bl.y lbr [Link] l Suprrl-! / lbrb & tr.t ntion ia.n.y 36.7!t6 33,51(,
[Link] d frqn co,tttrctorrEuPPlrs
35.796 33.51O

21.1 Liability for capital account for works/supplies and retention money held as per terms of
the order due for payment beyond twelve months has been considered under other
financial liability.
XOTE 1{0-22- [Link].d Trr (llct}
As at 3lst As at 31st
5t [Link].s farch 2O2O Iarch 2019
I{o
I Rs- an hthrl
[Link] Trr [Link],
D On account of DeFccatbn 1,54,934 1.16.414
sub_tot l 1.68.934 r.16.414
B Dclbrrcd Trr [Link]
On [Link] ofexFns.s dEabEd u,l 438 r,64,934 1,15,414
') 5ub tota I 1.54.934 r,r6,814
C Dcfr]I.d T.t A's.E/Lbaais (A-B)

22.1 The company has accounted for deferred tax. The company has significant amount of
unabsorbed depreciation under Income Tax Act, 1961. Deferred tax assets of 7 2622L9
lakhs as on 31.03.2020 (previous year t 234042 lakhs) has been ascertained but has
been recognized { L68934 lakhs (previous year < 116814 lakhs) to the extent of futu re
Taxable profit that will allow the Deferred Tax assets to be recovered.
&

^s_/

cC

55
 ,{ OTE l{O-23: Provlslons

As at 31st As at 31st
Pa rtlc u la rs March 2O2O March 2()19
( Rs- ln la khs)
Provblon for Leave Encashment 39,556 29,495
Total 39,556 29.495
23.1 Employee benefit obligations on account of unfunded leave encashment payable
beyond 12 months as on 31.03.2020 amounting to < 39556 lakhs(previous year
t 29895 lakhs).
aaOII aaro : 2rr- BolD-tgs - Cftnt

sl Ar .t 3lrt At .t 31rt
.rch 2O2O [Link] 2()a9

D SlE t-Tffi k an ftltt S!,'rdi@t. 8ai* ti.997

Sl-.t-fgo
iD lo..r t'Im UCO Ba.* I]l.6.14
iii) S,b.t-r.m kr.n ttut [Link] ftanl. 4.9!x,
ldn tui Fr.f,.l [Link] Capati.n 12,5(X'
12.169
[Link] [Link] Accouht
(d) P6Fb Nltidda a.r& 23.(,62
(t ) llank of [Link] :r3.93r
(c) [Link] orrcB@s Bart r6.619 19,o92
53,932
(o) AlldlEtDd B..t 32.165 79.423
,1.7 t4
(9) Cdndc Bdnk ?l9,o63 46.()43
(h) I,hFtr & [Link] adnk 4qt.2r1
46.52t1
(j) strdi@te [Link].
(k) stnte B-irL ol [Link]. 9f.o?9
24t.621

B)
D Sabn- rm k an I'un st-te Gott .

5.45.O36 5.?2.49t
24.1 Borrowing-Current amounting to (
586036 lakhs as on 31.03.2020 (previous year
< 522893 lakhs) utilized for the purpose other than Capital purpose.
24.2 unutilized Govt. Grant (state share) for project purpose of t 51442 lakhs (previous year
{ 74335 lakhs) has been deposited to Cash Credit Account to reduce the outstanding
balance in cash credit account. (Refer note no.17.4).
24.3 unutilized Loan for project purpose of < 18749 lakhs (previous year NIL) has been
deposited to cash credit Account to reduce the outstanding balance in cash credit
account. (Refer note no.17.4).
24.4 Regulatory Assets of t 1261841 lakhs (previous year ? 1138787 lakhs) have been
considered for calculation of borrowing power for working capital loan. [Refer note no.
14.r.r.1.
24.5 Short term Borowings Maturity date, Terms of repayment & Coupon /interest rate as
on 3L.03.2019 & 31.03.2020 are as follows:-

&co
o
56
, r c,c
 Oetil d orEr $od ,€rn tosll :s on 3103 2019

st.
[0.
0it x.012019

1 lql ?0r920

1 I l:671.2{ 16!0 t0 3!.m.20r6 7.50 E@ an+r 1167126

l 7n&8m l0:!:0

nqo d E zltltlt 5 9]5 x19I

5 i05n
6 &15 7171..!!

86

M &I
I &tr

,.1

r1
E 9.05

&75
17&0c

u &T

tl 8i5

sa5

E
875

i6 &T
EEE
III
8.75 E
I
3?16[Cil

5TE3

0d!lE d 0r,.. $or lr,l Lo{r as oo J1.03r20

lnr h bidq)

st. lrt
tr.6ll 0

I s9l ll 1.t5

2 1167126 fi6ea4t 31.0&616 175&6 116,126

l 899626 @aE]l 899e t6

I 5t615

t e6 E 810

6 &9

1 8418865 1661t &)

! it 2t061.m

9 7 SE9l0
:c &l]
:1 84
') &20& 8 6
! 805&8n

i4 8.t5 53111.i1

]5
:6
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It6C!5

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I 57
a1
 XOTE LO-25 - [Link] PryablGs - Cu..ent
As at 3lst As at 3lst
Pa rtic u la.s llarch 2O2O ]{arch 2O19
( R.- in [Link])
Lbtility tur [Link] of PoEr 6.11,6()4 3,99,727
[Link] lbr Transm:Esbn of PoEr-FGCIL 24.524 t9,242
Lbtility tbr [Link] of PoEi-UBS ETCL 22.5r4 27 3OA
Ul [Link] Ft/rbb 1.624 529
[Link] lbr Expenses 56,545 57,4O5
Other Lirbilib, & ProvBbns 4o,519 90,a51
Tot.l ,.91.19.) s.95.172
25.L Current trade payable on account of purchase of power & Transmission Charges as at the
end of the year was t 657286 lakhs (previous year { 446806 lakhs) which will be payable
within next twelve months. However discharge of current trade payable liability payable
to WBPDCL on account of Monthly Fuel Cost Adjustment (MFCA) and Late Payment
Surcharge there of amount to ? 243572 lakhs as on 31.03.2020 (previous year I 107968
lakhs) will be made after settlement of FPPCA claim of WBSEDCL.
25.2 Liability for Purchases of Power includes Swap-in of power amounts to t 23095 lakhs
(previous year { 9390 lakhs).
25.3 Liability for expenses includes payable to service providers against which services have
already been received and claim will be settled in due course.
25.4 Other liability & provisions includes payable to suppliers against which materials have
already been received and claim will be settled in due course.
IIOTE l{0-26 -Securityr Deposit fiom Consumers - Current
As at 3lst As at 31st
Partic ula rs llarch 2O2O Harch 2O19
( Rs. in lakhs)
Secur y Deposft hom Consumers ArC 13,770 13,3rU)
Tota I 13,77(J 13,340
26.L Security Deposit provided by the consumers on energy bill as per Regulation of WBERC to
protect the outstanding if any, arising out of default against sale of power.
26.2 Security Deposit from Consumers expected to be refunded within one year I 13770 lakhs
(previous year { 13340 lakhs).

& co

(t All

58
 XOIf XO-2, Oaher [Link]-l r [Link]. - Cureat

sl
Ar .t 3lst A3 at 3lst
[Link] 2O2O [Link] 2019

cuF6t [Link].-ie3 oa aorg tein d€ta (nalE iote ,t

:i-erlJr,eil
a)
LEn |rln t,oE E!.n.e [Link] tix Lima.d Arc 559 4al
n) I @. hom ltrr.'l Ele<[Link] [Link] airited 95,92()
ii) lrln Pffi F-..ce cdpoatir Lihaed 63.:a

I d^ lirn slite Gor^.

Loa.r frqn ArEl [Link] Cdpo.-.rid (.qiEt Gc^- 2.713 2.713

a,5!a [Link]! T.t st Bdrds 2{116 (Agaist Gdt

1-20.11/a
rr) ittercrt .c<rued o. bofr-ng3
a) kltGt AEdr€d 6i ErE - ldr tqr Stare Gorrt.
[Link] [Link] h,t .roa Due - a-5!a [Link] [Link]
i) 2oIs Bon(Ls
aadaild Goi/t Gu.6r!tae)
ai) [Link] b.n 6ot due 6 20.624 22.211
,.16.4:Xt 14.913
c) ottler p-t.ltl6
i)[Link]€t Edey Depcl [Link] cdtn t.n 3.art5
[Link] lrettcts Fls cdttt .tds 17,461 17.3r9
.D Lt*,i-y k. o&ra / Cap-at liutpl6 6i !rft,.16 22.' \A
P F Hmey ol Irusts REeied tu DBt.-.rion l'l
1r.346 tr3-799
Retedtio iamey deductc'd irqn Cdtactd/suFpas 1.11.276
LBc [Link] rtsi*.nce ([Link]€d, 3,526 1.137
1.!t6,9rO r,5r-5ao
rot.l (A+il+c) a.t t.126 4.25.60
'
27.L Other liability includes provisions for which financial liability will be discharged within
next twelve months.
27.2 Other Liabilities includes purchases consideration payable to DPL authority amounting
to ( 10153 lakhs which will be paid to DPL after receipt of the receivable amount {
25462 lakhs from DPL authority as per slump seal agreement between WBSEDCL and
DPL. (Ref Note No: 11)
]{C,TE ilo-28 - Employcc Belrcft [Link]. - cnrrcitt
As at 3lst As at 3lst
Partacrrlars irarch 2()2(, liarch 2Ol9
( Rs- i.r hkhs)
Staff Rebted Liabilitbs 16,339 19,116
Leave ErEa3hrnetrt 2.7a'3 3.119
Total 19.122 22.235

28.1 Staff related liabilities includes other Staff related regular liability t 16339 lakhs
(previous year t 19116 lakhs) on account of regular payments.

,aOTE ilo-29 - ProYisions

As at 31st As at 3 I-st
Pa rticu h rs Iarch 2()2O llarch 2019
( Rs- in hrh3)
StalT Related ProYbions 3,O4.O59 2.3().99()
Totr I 3-Oa-O59 2,3(),99()
29.1 Staff re ions includes payable to Pension Fund for { 286107 lakhs
o
t olka

5q
 (previous year t 216800 lakhs), payable to Gratuity Fund { 186L7 lakhs (previous
year t 14190 lakhs) arising through actuarial valuation.
XOIE IIG3O - Ott!e. [Link] l-labllttles
As at 3lst As at 31st
ParUculars ilarch 202O ][Link] 2019
( Rs- ln latis)
Ottref laHatbs 3,218 10,493
EbcMcty Duty Paydbb to Government A/c 22,125 20,89!'
EbcMcty Duty [Link] A/c (ED to be pald to Govt.
22,@O 18,356
altef rECo{Erv l?orn corEumer}
Total 1t ,133 19,11A
30.L Other liability includes statutory dues payable to statutory authorities.
30.2 Electricity Duty payable to Govt. becomes due after 60 days from the end of the month
of collection from consumers.
30.3 The company is not liable to pay electricity duty amounting { 22090 lakhs (previous
year { 18356 lakhs) for which demand was raised but collection will be made in
subsequent year and hence the amount kept under a separate head, Similar amount
appears under note no. 3 &7.
30.4 Other liabilities of < 3218 lakhs (previous year I 10493 lakhs ) includes subsidy received
in advance from GoW. of West Bengal of t 842 lakhs (previous year t 7352 lakhs)which
will be adjusted during 2O2O-21 from subsidy payable by Govt. of West Bengal to
consumers through tariff.
30.5 The Company recognizes Micro Small and Medium Enterprise vendors registered under
MSMED Act, 2006. The Outstanding dues as on 31.03.2020 are t 338 lakhs (previous
year t
238 lakhs). Aforesaid amount includes t 97 lakhs (previous year { 191 lakhs)
which could not be paid to vendors within 45 days due to non-compliance of statutory
requirements on the part of the vendors. Accordingly interest of < 1O lakhs (previous
year I 12 lakhs) was not considered in the accounts.

&
.i
: .t

.ed A!_-

60
 taOTE [Link] : RevEnue F'Dm Sale of Porer
2019-20 2()14-19
( Rs. h [Link])
(A) Sale to Peasons ot rer t'ran of,r Corrtumer
Sab to Trader s4,23L 93.561
sah tD Buk Sr+ply Licensee 2,[Link] 6,132
sub Total (i) 55.597 99.592
(B! Srle to orr Consumer
Ddnesti 4,o4.994 6.94,420
colr|merEial 4.14.619 3.77,654
krigEtbn 66.721 71.030
Artlk Vl5ter rErl(s [Link] 39.4]4
[Link] 7,61,295 6,92.572
sEret LigttirE 31,257 28,764
Cold Storage 29.638 30,461
TrEctbn Load br E aaEpo.t sFtem I,O1.365 95,143
sub-Total (ii) 22.59.1fJB 20.33.442
[Link] REvenue ft'om [Link] of Poer (a+ii) 23,16.3(,5 21,33,57/t
tiss: Rebate alod to Cdlsrrners (90.9s7) (8r,ss3)
t-ess: chaages br Rqo.t ofPoEr (1.7511 (3,62,+)
Totrl 22,2.J.591 2'J.15.397

31.1 The Revenue income from Sale of Power is accounted for on consumption month basis
for the period from April 2019 to March 2020. The amount related to consumption not
billed within 31n March 2020 of { 178204 lakhs (previous year t U0160 lakhs) was taken
into Revenue from Sale of Power Account as provision for Unbilled Revenue. Similarly
estimated rebate on unbilled portion amounting to 13743 lakhs (previous year { 3508
lakhs) & expected discount on timely payment amounting to t 3331 lakhs (previous year
< 3228 lakhs) are adjusted with revenue under head revenue from sale of power.
31.2 The rate of Tariff applied to raise the demands was the rate as fixed by West Bengal
Electricity Regularity Commission (WBERC) for financial year 2017-18 for WBSEDCL & as
per Tariff for financial year 2016-17 in respect to the consumers of erstwhile DPL area (in
absence of Tariff order 2019-2020) along with Monthly Variable Cost Adjustment (MVCA)
where ever applicable as per regulation of WBERC.
31.3 The amount of Electricity Duty Tax claimed for recovery on behalf of Govt. of West
Bengal during the year 2019-20 & also in previous year was excluded from Revenue from
Sale of Power.
31.4 WBSEDCL did not received revenue subsidy/qrant during the year (previous year Nil).
However as per Tariff order of WBERC subsidy was allowed to the consumer by the Govt.
of west Bengal through energy bills of WBSEDCL which is compensated by the state
Govt.

&C o
o
t
.e Ac

6t
 IOTE aao-32: Othcr Oper.t-rg [Link]

[Link]
2(J19 20 2()r a-l I
( ll3- in lolhrl
[Link] P€t'merlt [Link] fro.n Cu3tomcr5 24.953 2(),555
Devhtirr [Link] [Link] ([Link] 361 163
R.c.ir6bb
MeE. & Tra nsfo.Ihcr_ R.'rt 27.3'r t 25.445
[Link] fo es 2,44 2.974
[Link] fro.n \ lreelirs Charses 5?2 253
qrrcr l/lLc Ch-gcai froan 3cwicc tD CorttrrmGrt
kErrric3 23 a7
Tot.l 55,43a 19.177
32.1. Delay payment charges accrued but not billed amounting to < 3874 lakhs (previous year
t 3059 lakhs) was taken into other operating revenue.
32.2 lncome receivable on account of Deviation Settlement Mechanism (DSM) has been
considered in the accounts based on weekly settlement period of State Load Dispatch
Center (SLDC).
32.3 Charges for misc. service to Consumer include Transformer & other apparatus hiring
Charges on which Goods and Services Tax (GST) was collected.
32.4 lncome from Meter Rent is accounted for as per approved rate.

iaOTE ,aO-33 : Other lncornc

PErtaculrrs 2(,r9-2() 2()l a- 19

( Rs- i.r l.kh3)
A, lntere3t lncom€
[Link] on Statr l-oan & [Link] 19 53
lnterE3t frolrl
LircaBGe3.S uplrlbrr,[Link] uanca!. 7..281 127
lntere3t frDm Bank on Fired DeposiB & otlEr
Deposits 1,119 1,555
B, Other non-opcrrting lnco]tre
ln ome frD.n SBle of Scr8p 2.651 3,462
Consutting |rEo]I|e t32 112
Recovery of Cost of Collectbn-Electsicity Duty L,434 L,2-16
Notboal lmerEst on Govt t-oan 4,250 4,549
lnterest accrued on non-cuarertt Transmb3irn
4tto
rued on non-currEnt Crp,t l Ljability 3,O19 t.-144
Tender Paper 439 2():)
Rental fiom St ff Quarte.s ?:lo 225
Rental l?om Contaacbrs 13 15
Rental fr6m OtlErs 125 a1
Penalty dedrrted ftorn ConEactor/SuppliEr 276 95
Odrer ]nisc. [Link] 194 295
lnsurance Cbim [Link] 36 557
Po*r PurEhases Furrd 11,49()
Government grErrE 43,741 41,4SO
Consurners' Contsibutbns tDErds [Link] Alsets 7.931 't,s1o
Profit on Srle of r5hd , ,o/ut
c)tlrer Provisbn $mt€n Brck 46.5()1 420
Total (A+a) 1.02.233 6().475
33.1 During the year 2079-20 Government grants amounting to t 43781 lakhs (previous year t
2605I- lakhs)and Consumers contribution amounting to t 793.t lakhs (previous year <
7510 lakhs) were amortized against the useful life of the assets created out of
Government granG & Consumers contribution.

&L- a

62

tl
34.3 Rebate for timely payment of Power purchase/Transm ission charges includes I 3311
lakhs (previous year t 3560 lakhs) on Purchase of Power, t 22 lakhs (previous year < 14
lakhs) for Central Transmission charges & Nil (previous year NIL) for State Transmission
cha rges.

34.4 Power Purchase Cost includes Short Term Open Access Charges (STOA) amounting t
18829 lakhs (previous year < 11815 lakhs) payable to different power purchase utilities.
XOTE iO -:!lA : [Link].. i. S-p
2(l19-20 20la-19
( R.- in brh3)
S-p 01* of Por. .tnhg 2O192O olt af Srp h .lui|g 2OfA
B:|20
l9
S-p ort of Pog. rrrile 2Ol92O o.a of S-p it AriE 2Of!) 25749 o
20
Lr.:Srp -ir of Fo:- drirg 2Ol92O o.r ot S-pqtr 2Of& 15443) o
l9
L.!.: S-p -h of Po-r dqhg 2O1$2O {iich fl b. [Link] (23095) o
b.t h hrts gr
2Ol&19 out of S 20ta-19 o (2544)
TOTAL 5531 12saa,

34(A).1 During the Financial Year 2019-20 there has been Swap-out of power of t 34069
lakhs and Swap-in of power of t 28538 lakhs. Hence a net SwaFout of < 553't lakhs
(previous year net Swap-in { (2548)lakhs) has been considered in the accounts.
LOfE IO -35 : EmpbFes [Link] ErPentes
2 019,2 0 2018- 19
PartiEubrs ( Rs. in bths)
[Link] 35,162 25,331
[Link] 1231 t22O
Deam€s5 AbEncr 29,447 35,242
Other AloEnc€ 8560 7 3t7
Borus 1,987 7.752
Odter St6ff CGt 5341 4,46
StEfi UHfEtE E (Petlses 727 518
Codrbnbo tD prolirent .nd dEr fitds 90J6a 36.473
Odrer EmpbFe Termhal BetEfts L7.779 4,62
Sub Tot.l 1,4/+,641 1,16.431
trss: Empbyr€s Cct Cafrfrlsed t4.732 152S0
Tot!l 1,65,909 1.O1,551

35.1 During the financial year Contribution made to Provident Fund amounting to < 3378
lakhs (Previous Year < 3083 lakhs).
35.2 Employees cost has been capitalized as per the policy approved by the Board of
Directors and the same has been accepted by WBERC at the time of determination of
Ta riff.
35.3 During the year company adopted its revised Pay & Allowance (ROPA) Rules 2020 with
effect from 1st January 20L6. Pay was fixed notionally from 01.01.20L6 with actual
payment with effect from 01.01.2020. The employees Benefit Expenses [Vide note No-
351 & Re-measurement of post-employment benefit obligations lvide note No- 42] of t
216333 lakhs (Previous Year t 90257 lakhs) includes impact of revised Pay & Allowance
in the pay of Regular employee is { 5088 lakhs & as per Actuarial Valuation of different
Trust fund for for the existing employees and pensioner is { 86568

6S
 lakhs.
35.4 Total employee cost includes cost of employees deputed in WBSEDCL from DPL during
2019-20 is t 1975 lakhs (previous year { 415 lakhs) for three months lanuary to March
2019) consisting of Salaries < L353 lakhs, Terminal Benefits t 622 lakhs. Cost of the
same was reimbursed to DPL authority.
35.5 WBSEDCL has four trust funds to meet Terminal benefit obligations of its employees. For
payment of Pension and Gratuity, there are separate Pension Trust Fund and Gratuity
Trust Fund. Payable amount to Pension and Gratuity trust fund is determined through
Actuarial Valuation reports. WBSEDCL pays its monthly contribution and any shortfall
amount to pay Pension and Gratuity obligation by the respective trusts. There is
another Trust for maintaining Contributory provident fund for its existing employees i.e.
CPF Trust Fund. WBSEDCL pays matching employers contribution to CPF trust fund on
regular basis as per statutory requirement. With this there is GPF trust fund to pay the
provident fund of employees entitled to get pension. The sources of income of all the
four trusts are WBSEDCL'S contribution and interest income from different investments.
Out of total income, after meeting obligatory expenses, investible fund of the year is
determined and the same is invested by Pension Trust Fund, Gratuity Trust Fund and
GPF Trust Fund in the securities as per guidelines of Ministry of Finance, Govt. of lndia.
lnvestible fund of CPF trust fund is invested by CPF Trust Fund in the securities as per
guidelines of Ministry of Labour, Govt. of lndia.
Emdoree benellt oHloations
As per lndian Accounting Standard 19 "Employee benefits", the disclosures as defined are
given below:
i) teave obllgaUors
The amount of the provision for Leave encashment amounting to { 42339 lakhs (previous
year I 33014 lakhs) consisG of < 2783 lakhs (previous year < 3119 lakhs) presented as
current and { 39556 lakhs (previous year ( 29895 lakhs) presented as non-current
obligations.
Obligations for leave encashment on retirement are unfunded and the payment of such
benefit is made by the Company. Leave Encashment are recognized on the basis of
actuary valuation using projected unit credit method.

(ll) Post-employment obllgatlons

A) GratuiBn-The Company provides for gratuity for employees as per provision of payment
of Gratuity Act, 1972 & Death Cum Retirement Benefit Scheme. The amount of gratuity
payable on retiremenvtermination is the employees last drawn basic salary per month
computed proportionately for L5 days salary multiplied for the number of years of
service. The gratuity plan is a funded plan and the Company makes contributions to
Gratuity Trust Fund.
OLL
.?
d
66
o
"):,t'
arlel
33.2 There are no unfulfilled conditions or other contingencies attached against these
Government grants.
33.3 lnterest from bank on Fixed Deposits, Other Deposits and advances amounting to t 2405
lakhs (previous year t 1682 lakhs) arrived as follows:
Rs- in likhs
Partlculars 2019-20 2018-19
Gross lnterest from Bank Deposit 7 ,O57 8,3 82
lnterest from Othei Deposit L72 L27
lnterest Claimed against advance to DPL 1,25I
Less:- Transfer to Govt. Grant & Other (6,082 ) (6,A27)
liabilities
Tota I 2,405 r,682
33.4 The company receives contribution from consumers in accordance with the regulation
that is being used to construct or acquire items of Property, Plant &Equipments in order
to connect the consumer to the Company's Distribution Network. The Company
recognizes revenue in respect of such contribution so received from consumer in the
deferred manner as they are using the distribution network.
33.5 During the year 2019-20 Company written back provision for Dearness Allowance
amounting to < 16601 lakhs (previous year NIL) due to implementation of ROPA-2o19.

&,c o

(,
Ac

63
 |OTE XO-34 :Purchasa ot Posar & [Link] Chargcr

Partlculara 20r9-20 2018-19

( Rs. ln lakhs)
(A) PURCHASE OF POT'ER FROI{ DIFFERE'{T SOURCES
Damodar Valley Corporation ao4747 72499
DVc (Arrear dues) l 24
Govt. of Sikkim 25 23
NatlonalThcrmal Po\ 4r Corporation LirnrLad r86162 1757A3
NTPC Limited (Arrear dues) 8919 252
National Hydm Pov\er Corporation Limited 79491 40307
NHPC Umited (Arrear dues) 13727 964
Pou€r Trading Corporation Limited 151387 75943
Pouer Trading Corporation Umated (Arrear dues) 11926 9
Durgapur Projects Lamlted 79424
\,\rest Benqal Por Er Development corporation 446621 a71fa4
IAPDCL (Arr€ar dues) 22t96 4345
NVVN LTD 37464 23000
NWN LTO (Arrear dues) 77 542
83764 131840
Tata Pourer Trading Company Ltd 727792 93077
Tata Poy!€r Trading Company Ltd (Arrear dues) 3165 11979
P,ashmi lspat 186 o
Solitair€ 405 ?94
soltaire (Arrear dues) t79l o
Kanti Bijili Utpadan Nigam 135t6 11540
Kanti Bijili Utpadan Nigam (Arrear dues) 202 4t
C.E.5.C 554 429
Ek<tro Steel Company Limited 712 1257
Neora Hyd.o Limited 266 291
Nippon Porrr Ljmited 200 413
Tata Pov'€ r Company Ltd 0 674
H madri Chomicals & lndustr cs I tri 1151 1647
RashmiCement Ltd 699 160
D B Polre. 963 o
9engal Energy Limited 719A 5481
Concast Aengal lndustries hd 143 164
!1/BREDA 2 I
1133
lharkhand BijliVitaran Nigam Ltd 13 1I
[Link] Prddesh Po\ pr Develcpment o 2562
Assam Pouer Distribution Company Umited 59 52
lsw 442 o
Deviation settbment Mechanism (DSM) payable 13971 20027
Sum-Total (A) L7934r.2 16202 73
(B} TRAI{SMISSION CHARGES FROI4 OIFFEREI{T S OURCES
Po'er Gricl [Link] tndia Limited 46047 67660
PGCIL (Arrear dues) 1t 619 2644
Wbst Bengal State [Link] [Link] Company Limited t22032 't22064
V\E5ErcL ([Link] r dues) o 7226
PoltEr System operatlon corporation Ltd 258 lo5
POSOCO (Arrear dues) 216
NVVN LTO (Relmbursement for interstate transfur ot solar
964 960
sum-Tor.l (B) 221134 200902
c ERPC 16 16
ERPC Cha/ges (Anear dues) 0 151
(D) SLDC CharOGs 1701 167a
(E) VARH Ch!ro.. 1504
(F) Lcss: R.b.t. 16r tlmcly p!!,[Link] of Po*r
(3333) (3574)
Purch.s. &Tr!nsmlsslon Chr.g€s Blll
TOTAL (A to F) 201443a 1a20655

34.1 Accounting of Power Purchase expenditure was made on month consumption basis.
34.2 Power purchase Cost is 78% (previous year 80%) of total cost. Average power
purchase cost for the current financaal year is 463 paise (previous year 452paise) per
kwh (including transmission charges) & the same excluding transmission charges is
410 paise (previous year 403 paise) per kwh.

t 6.1

;e d
Gratuity fund (all employees) managed by Gratuity Trustee are Defined Benefit Plan.
The obligations of gratuity are r€cognized on the basis of actuary valuation using
projected unit credit method.
B) Pension benefts:-The Company operates defined benefit pension plans. All of the plans
are final salary pension plans, which provide benefits to members in the form of a
guaranteed level of pension payable for life. The level of benefits provided depends on
members' length of service and their salary in the final years leading up to retirement.
The Company funds the pension liability through trustee-administered funds.
Responsibility for govemance of the plans - including investment decisions and
contributions schedules - lies with the board of trustees. The employees' Pension Fund
Scheme (employees opted for death cum retirement benefit) managed by Pension
Trustee are Defined Benefit Plan. The obligations of pension are recognized on the basis
of actuary valuation using projected unit credit method.
C) Pmvldent fund benefltsiProvident fund for certain eligible employees is managed by
the Company through the CPF Trust Fund in line with the Employees Provident Fund and
Miscellaneous Provisions Act, 1952. The plan guarantees interest at the rate not lower
than the rate notified by the Employees Provident Fund organization for its subscribers.
The contribution by the employer and employee together with the interest accumulated
thereon are payable to employees at the time of their separation from the company or
retirement, whichever is earlier. The benefits vest immediately on rendering of the
services by the employee.
(iii) Detrned contribution plans
As per Actuarial valuation report, of the CPF Trust Fund, no liability is due by the company
to the CPF Trust fund as on 31.03.2020.
(lv) Balance She€t Recognltiol
a) Grattlty
The amounts recognised in the Balance Sheet and the movements in the net defined
benefit obligation over the year are as follows:

(lr. in I.t
Ltli.) LUi.l ot (lr. in
o, [Link] htt )
01 ADril2OlA 39.233 (19.627) ur_6(r
Clmnt !ai, @t 2309 2J09
2@9 (r.a12 ) 1.167
[Link] ccognB.d n [Link] or lo33 \ry tt.172l 1,495

[Link] on ,ah .!st . [Link] .h@nb irld.d

Pbnlhend V.3t d Dstir {p6t $ ico} (5 6a) (56A)
AdEnl {9!n)/b3 arom ctlng. h [Link]![Link] o
Ad6.-l (c.h)lbs rEh .[Link] b i-mirl
ActEnl ([Link])/bl. iom trlaF<ld [Link]. 952 962
[Link]'rt lkogna.d -r othr. 952 554 ,94
E npaoyG cdt -rtblE/ [Link] pai, (9J35) (9.:}35)
(7556) ?555
31 Lrch 2019 ,^- 17.607 tza.4tl 14.160

0n
67
r, Ar
 (it ir X.t
hEi.l htb) ot (R.- in
of [Link] Dbn htlEl
01 Acril2Or9 37 507 t2a 417 \ 14 154'
Cmnt cont :t.125 3.125
ht lEt '-t
erp-E/(-@m.) 2.320 {1559} 76L
Tot l .hoult ,.c.'anir.d ir DEfit q lo.. 5 aa5 al 559t :l ta6

lbn .3€t!- qcr!.rE.h6r,& irdrdod

R€tlm otr utl-o 410
Pbn.m€rd V6t6d odtnh lo.n s€rvael
AdEnl (!.ir)rlo.! tqn ctlrEf, -.Lrog?.Ci
A.h-r-l (q.h)/lo.! nqt crlE€ a nErE-l 1.774 it,771
Adl..al {qrhyla! lrffi u|EDdd atD{btE. 2,9t1 2.9l/t
Tot [Link] [Link].d a ol,r . 6,544 41(' [Link]
ErnFlolre. cort lrutin, rmin tsd {6.9@} ([Link])
{5.424) 5.424
I 4.jl16 125,O7al ta,2a7
b) Pension Plan
The amounts recognised in the Balance Sheet and the movements in the net defined
benefit obligation over the year are as follows:

(L -r X.t
hE..) LIl.l ot (it ir
ot oiliFri.h bErr,
01 Ap.il2O1a 6.6.5(E t1.11-$7 | 2-47.U9
clr'rgt r-b 6t ro:49 10249
ItqGt cxFBql(hco.r!.) 49345 (32.447) 15.498
Tot l.6d6t ..€qniEd ir Fdt d lo3 59.5!r4 la2 -917 | a6,la7

n arn d D5n B*b- dcrdir .mot rE ird.d.d a 77ll 1770

Ad-rirl (Fh)/b- iun d-r{. i! [Link]
Aa-nl (Fh)/bs tro.n ctrrE! h iEEil
AdEnl (g!h)rbG no.n [Link].+.ri.E (]5.457) (15.457)
Totrl rmo{nt E<.q.a.d a oth.l (15_457) 3,77t) ( ll.5a7 t
EDpbtEr [Link]/ Ftni|m Fal (1l5-9101 (1r5.910)
(55349) 55349
l1 I..Eh 2Ol9 6-ta -t9a (457 595 | 2 16 ?99

(r. .r l.t
aBl Lrfu) ot (ir -r
ot [Link] hE!.,
01 ADnl2Or9 5.74-3!t4 {/r.57-55} 2.15,7!X,
CnEst !di6 .dt 25,[Link] 25.18
[Link]{ix:uno) 12,fi/t {[Link]) 12.131
Tot l .h nt ,t€ogoir.d h Fdt .r lo.t 6A,O/r7 (3l,..113l!1 47.617
Pbn Arh.n tndrt! ValeO pqton at rr oa * prrir 44,9(x) 44,!rc9

Rearrn o pbn .gE. [Link] .mqrt iEtdd t3 5a6l 13 5A6r

Adrnl ([Link] iun .tu{. h demoo.!!a*
Adrr.-l {!.-)/\.- tlqn c|.r{. ir iEEal Et,o57 r3.067
Adrrnl (s.-)rbG t!.n |[Link] dr-rir 33.9,115 33.9it6
Tot l .hdha E€@nisd ir oth.. 91.!122 tl.6a6) @.236
EhpbFr codnbltilrE/ [Link] rd t56.9111 (s5.911)
(59,654) 59,64
31 [Link] 2@O 7 -7,l-ro9 (4_Ba_96a) a 7/.1

(v) Post-Employment Benetrts

Significant estimates: actuarial assumptions and sensitivity
The significant actuarial assumptions were as follows:

68
 5r,-i..r- 2O 3a-ia.r- r,9
6.65,,6 7 5lr.x
FEtrm Or [Link] l 6.65rr5 75t96
s.l..y oErfr 6t 6.O.,116
l.oo96 a.axr96
2(,.,9- 2.,4r9-
2Ot 6 Ultih.t 2oaB

Assumptions regarding future mortality for pension and gratuity are set based on actuarial
advice in
accordance with published statistics and experience. These assumptions
translate into an average life expectancy in years for a pensioner retiring at age 60.

(vi) Sensft lvlty analyslsi

The sensitivity of the defined benefit obligation to changes in the weighted principal
assumptions for the financial year 2019-20 is:
[Link] on dcfincd [Link] obl-.t-n (Rs. in h}Jlsl
Changc in Gsum9titn hc.G.r. n .[Link] r [Link] in .33ulrlption
3l-Xar 20 3l-Lr-19 3l-I.r-2O 3l-t.r- 19 3l-I.r-2O 3l-I..-19
o 5(}r o 5(Ir e4.973) [Link] 31.(D2 23.67
[Link]& o 5(}ra o 5(Ir

22,1m 20.102 Q2.A73l {19.6d))

Attlion r.E o 5(ra o 5('r 713 596 (743) (s96)
Ufe 10 00ta 10 q)!a
4,375 4,521 (,4-37,t) (3.524)

The above sensitivity analyses are based on a change in an assumption while holding all
other assumptions constant. ln practice, this is unlikely to occur, and changes in some of
the assumptions may be correlated. When calculating the sensitivity of the defined benefit
obligation to significant actuarial assumptions, the same method (present value of the
defined benefit obligation calculated with the projected unit credit method at the end of
the reporting period) has been applied when calculating the defined benefit liability
recognised in the Balance Sheet.
vii) The major categories of plans assets are as follows:
3l-Iar20 l!,UaF19
Quoted UmmEd Total ln* Quoted UnqDtsd Totrl irs
Equrty irBurmerts ffr oX
D€bt ir6fumenE ,n811 2,11,8u 4101 28314 2&3r4 6s(

Asset backed se(uitres oli

ln!€stment funds 296343 2,96,341 58% 277950 2,77,q50 ;ri{
Denvatms
Cash alld cash equi,ialents 6885 6,885
0% I 174795 r,-t.-9;
ot
j6$
Total 5,[Link] 5,15,0{r 1 {,8L059 lSloss I

(viii) Risk exposurr

Through its defined benefit plans, the company is exposed to a number of risks, the most
significant of which are detailed below:
Asset voladllty: The plan liabilities are calculated using a discount rate set with reference to
bond yields; if plan assets under perform this yield, this will create a deficit. Most of the
plan asset investments is in fixed income securities with high grades and in government
securities. These are sub nte rest rate risk and the fund manages interest rate risk
&Cc
6
69
with derivatives to minimize risk to an acceptable level. The company has a risk
management strategy where the aggregate amount of risk exposure on a portfolio level is
maintained at a fixed range. Any deviations from the range are corrected by rebalancing
the portfolio at the end of the year. The company intends to maintain the above
investment mix in the continuing years.
Chang€s ln bstd: A decrease in bond yields will increase plan liabilities, although this will be
partially offset by an yields increase in the value of the plans' bond holdings.
Salary gro$rh rlsk The present value of the defined benefit plan liability is calculated by
reference to the future salaries of plan participants. An increase in the salary of the plan
participants will increase the plan liability.
lJfe ogectancy: The present value of the defined benefit plan liability is calculated by
reference to the best estimate of the mortality of plan participants both during and at the
end of the employment. An increase in the life expectancy of the plan participants will
increase the plan liability.
(i, Defined benefit liability and employer contributions
The current funding target for the Company is to maintain assets equal to the value of the
accrued benefits. Expected contributions to post-employment benefits plans for the year
ending 31$March 2020 is t 10362 lakhs (previous year { 9863 lakhs).
The weighted average duration of the defined benefit obligation is L4 years (previous year
L4 years)
The expected maturity analysis of undiscounted pension and gratuity is as follows:

Less th6n Total

Pa rtkub rs
(Amount Rr. irt bkhs)
iiarch 31. 2O2O
Defineq b€netrt obligatbn ([Link], Oratuiw) 3.04,559 3,()4,659
Total 3.()4.559 3,()4.659
il! rch 3a, 2OL9
Detrn d b-aeltt obliqatbn (rr€nsion_ qratuitv) 2,3().9:X) 2,30,990
Tot.l 2.30.99() 2_ 3()_9:)O

& co
(,

O A.'

70
 NOTE }.O - 36 : Finrnco Co.t
2()19-2(, 2(,1S-r.9
( Rr- in litlrt)
A) tttorit Erp..s.3
(1, ht.r.t on [Link]-l l!!n.
hlffEt on Stlto [Link]-rt l.d. 193
trt ..3t on to.n frffi REC Ltd 33,497 26,3r4
trbrE3t on Ldn fro.n PFC Ltd. l,5ao r..533
LttE Bt on [Link] gdd 10,117 Lo.axt5
I--rr : ht ?.!t ClpLlir.d (2)
Sub-totil 45.345 34,204
(tl) ht ..rt on rbrting [Link] l lrllt.
[Link] on shor.t [Link] & llrg [Link] l!.n
ht r3t on Lon t'om Cornm€Ebl [Link] 2.143 3,534
hffi o.r l.o..l frEn llt t B-E l St b Co-o?-.tiur B.r* 647 3-r2
lrd
hbrEit on Lr.n fro.h Prc t'td- 3.321 to.2lo
trtaE3t on L n tqll REC [Link]. 41,507 t7,a2l
ht r.3t on lrl'n fr6.n l h.t B..rsrl lnf,.rtrudbr 1,315
[Link] FrEno Co.E ltir
ht r-3t on [Link] OEr Draft
ht rcat on Ov.. DEft frDh [Link] [Link] 4,..51l,!r 39,224
Sub-tot l 6(),519 71.161
(lll) rr3r:[Link]. nor [Link] [Link] of [Link] (a5) (24s)
(lv, [Link] on [Link] TEtt Bortd 9,971 ,.o.o20
(Vl ht ..3t oh [Link].r [Link] [Link] 20,624 17.439
ssb-tot l (Al 1.36,411 1.36,979
B) Oth.r finlrc. Costs
[Link] O!.196 1,344 1,494
Oth.r EEnc. ch..g6 br Eiilg [Link] l b.d 425 t3
sub-tor.l (8, 1,771 1,5(,7
TEnllcti.x @rt ott [Link] [Link] L7 ,,
lrt E3t..d!ed 6 [Link] tur Pufti.a. of PorE. 9S9 1,143
htDcat .ccruod ori Lt aty tu C.t,itl suppLr / vtb.b 2,164 3,465
Notir.l lrrt r..t d Go\,t l!!n 1.2*t 1.549
5rb-tot.l (C) 1.,t21 5.tr1
Tot!l (A-$B+C) 1.45.6(l9 1.ut4.66.,

36.1 During the financial year 2019-20 l2lakhs (previous year Nil) was capitalized on
qualifying assets.
36.2 ln absence of any stipulated rate of interest on REC loan (taken over from WBREDCL
due to amalgamation) considered in the accounts based on available interest rate on
State Govt. Loan.

iaoTE I{o - 37 : Depreciation & Amortization

2 019-2 0 20la-19
Partic ulars
( Rs- in lakhs)
Depreciation & Amortization 97 .932 92,641
Total 97 ,932 92.611

& co

^s
Acc

71
XOTE I{O - 38 : Other ErpenEes
Pa rtac u la rs 2()t9-2(J 20l a- 19
( Rs- in [Link],
Al Outsourced lobs : [Link]. [Link]
Meter rGading & Bi[ Dbtibutbn ].4.322 13144
Sub-St tbn Maintenance 2,7,.7 2120
[Link] St fion Maintenance 1.510 L527
F16nchbee 211 644
Line Maifit€narEe (includes ereenses 6r Vehkb) 17,149 15703
Colbctbn [Link] 2.2.J2 229a
Security Exp€nses 4.145 4092
Cal CentE. E4Ens€s ir h€ *fi ZRC & CnC rs p.. 2,617 2539
SOP rcgubtbn
Eack ofr<e Job 236 261
Communkation St/stems ( [Link] Rental) 730 19()5
Mobib Maintenance Servke (includes erperEes br 16,970 16135
Vehkle)
Compbin Management [Link] 371 3.)t
sub-tot l (A) 63.261 50.755
B) Repair & Iaintenanc€ Expenies :
Pbnt & [Link] 10,ooa 9593
Buildings 595 606
cMl ubrls 966 413
[Link] Vbrks 162 to1
Lines. Cabbs. Net \rlbrk etc s.42.) 11145
11 2
Fumihrre & Fixbrres a2 65
Offi<e EquipmenB 3,O22 4413
Sub-tot l (B) 25.266 26.711
C, [Link] & Geneaal Expenses :
Rent Rates- TaEs 19,923 14299
lnsurance 1,543 936
Tebphone, Post ge, Tebgr.m & Tebx Ch..ges 734 734
Legal Chrrges 524 327
Audit Fees a1 135
Consult ncy ClErges 164 199
Technk.l Fees 1()3 367
[Link] Er(penses 6()6 632
Convelr'nce & Travel 5,342 5324
Fees & Subacriptbns 47 49
Boob & Perbdk6b 7 7
Printing & Strtbnary I,OS4 a2t2
AdvertbemenEi 724 34{)
Eter Ch6rges 23 29
[Link] l-lme EmpbFe Charges 926 465
Lease F€nt l fur lrnd 22 20
Hospit lity - Food rnd BevErage 255 203
iilisceganeous E ap€nses 1()5 413
Lkense / Filing Fees b St [Link] Authority 431 23,l
lncirental er([Link] rebted tD stores 1,494 l46t
Director Sitting Fees 6 3
PoEr ExchEnge Charges 474 592
Donation - CM Relbf Fund 5() o
Brokerage 40 51
Sub-totrl (C, 34.755 32.436

t ( ata

72
 Dl ()thcr Dcbits :
Aad DGbts tilht n off-Dues fiD.n Custorncrs 9.175 129
Peoaty for Dcby palrment ofTax 2 I
Cofipen3ation [Link] o. Dcath/Dam6gc3- Stalf o a
Sobtiim on DGrth/Darnages- Ont;iters 315 408
Cdnpcrraatirn pai, to Coartunar'- ffiaa ot 3() 4A
Coarr m irr-rr
t-oss o.l Dernolabn, RGtiEryrent of Fixed A!i3Gt3 1,544 1032
lrss o.l obsob3cence of Inv6ntory 9 56
ProvEbn br [Link] [Link] t-oss 351 405
PrDvisbn br B.d & Dou*tul Debt 3,920 2020
Olfier Provarbn tl 91'
sub-total (D) 15.356 1.2()G
Tot l {A-}B-rC-}D, 1.34.647 t.2a.,.1,'
38.1 Repair & Maintenance Cost was < 25266 lakhs (previous yeat <26744 lakhs) includes
Repair & Maintenance Expenses of t 32 lakhs (previous year NIL) relating to the
distribution area of erstwhile DPL. The activity wise such costs are - for Generation {
1226 lakhs (previous year t 1108 lakhs), for Distribution and Metering ? 19064 lakhs
(previous year { 21387 lakhs) & for other corporate expenditure meant for both
Distribution & Generation activities are t 4976 lakhs (previous year a 4249 lakhs).
38.2 Rent, Rate & Taxes of t 19923 lakhs (previous year ? 18299 lakhs) includes Rent
{1366 lakhs (previous year ( 1315 lakhs), Goods and Services Tax (GST) t 18557
lakhs (previous year t 16984 lakhs).
38.3 Payment to Auditors as:
Sl. No. Particulars 2019-20 2018-19

([Link] Lakhs)
Payment to Statutory Auditori
t Statutory Audit Fee 23 19
2 Certifrcation Fees 2 2

Sub total 21
Cost Audil Fee 1 0.75

lnternal Audit & other Audit fees 56 109.16

Total a2 130.91

i) The above fees are excluding Taxes & out of pocket expenses.
ii) Certification fees paid to auditor as per requirement of Statutes and Regulator.
38.4 During the year expected Credit loss on revenue considered amounting { 351 lakhs
(previous year t 405 lakhs). Expected credit loss is calculated based on the collection
in-efficiency trend of last five year & security deposit in hand to cover such loss.
38.5 Expenses on account of Outsourced job of { 63261 lakhs (previous year { 60755
lakhs) includes Outsource Expenses relating to the distribution area of DPL is t 43
lakhs (previous year { 38 lakhs) consisting of : Line Maintenance { 30 lakhs, and
Security Expenses < 13 lakhs.
38.6 Total Administrative Expenses of < 33874 lakhs (previous year t 32565 lakhs)
includes Administrative Expenses of { 21 lakhs (previous year < 4 lakhs) relating to
the distribution a le DPL.

Kotka

73
cC
38.7 During the year an expenditure of ( 186 lakhs (previous year t 53 lakhs) has been
incurred towards energy conservation and both of which has been set off against the
grant received for the purpose,
llOTE O-39: Expendture on CorporEte Socbl Respa|.sbaay

[Link]-ubrs 2019 20 20la-r9

The CSR eitDndaurE comFires tlle folorirg:
(a) Gr6s amorrlt requi'ed to be sp€it b,y ttE cdnpsny drriE ttE !re!r a7 91
(b) Arnorrrt spert duilq UE Far 119 t29
(cl
2l,1!L2l, 2(,la-19
[Link]
C..h Fid -l CBh pri.l i!
(i) CdEtnEtbrvAcqubtbn of any rsset lt9 o 119 115 o 115
(it On pirrpose ctfier tfEn (i) abo\re o o 0 t1 o t4
Total 119 o 119 129 o 129
39.1 Year wise amount permissible, sanction, spent; remain unspent under head CSR is as
follows:
Amount of
[Link] for Fund
Fund
Fund spent remalned
sanetion sanctioned
unspent
R5, ln lakhs
2 015- 16 ao l.54 150 4
2 016- 17 40 66 59 7
2017-14 76 62 59 3
2 01a- 19 94 tL2 106 6
2019-20 120 20a 100 104
Total 411 602 171 L28

IOTE iao-ao: XGt rroyemGnt an [Link].y [Link] [Link]

[Link] to [Link] & Loss
2019-2() 2(,la-19
( Ji.r. n [Link])
Amounlt [Link] t [Link] TsriF & APR 2,90,O73 1,75,245
Lcir: [Link]'tr Ars:s [Link] ir feril' 2()17-
1A
52.231 52.231
Total 237,4/l2 r,23.O5/t

40.1 A sum of t
290073 lakhs (previous year t 134092 lakhs) has been considered as
per Regulation in the accounts of 2019-20 as lncome Receivable through
Regulatory Mechanism on account of Fuel & Power Purchase Cost Adjustment
(FPPCA) and Annual Performance Review (APR) for the year 2OL9-2O for which
necessary petition will be submitted to the WBERC in due course.
40.2 Petition for FPPCA & APR of 2018-19 not yet submitted before WBERC as per
direction of Hon'ble Commission. During 2018-L9 amounting of < 41193 lakhs has
been account for being the difference of projected & actual FPPCA &APR petition
for 2017-1.8. Petition for FPPCA & APR of 2017-18 was submitted during 2OL8-19
as per Regulation of WBERC.
40.3 A sum of < 52231 lakhs(previous year t 5223L lakhs) of Regulatory assets created

&c o
o 71

.)t l,
 in the year prior to 2017-18 has been crystallized and passed on through tariff of
201,[Link] entire amount has been deducted from income receivable through
Regulatory Mechanism in the accounts of 2019-20 as the said lncome was already
considered in the accounts prior to the accounts of 2017-1.8.
40.4 Receivables through Regulatory Mechanism for the financial year 2019-20 of {
290073 lakhs (Previous year { 134092 lakhs) & no additional claim considered as
receivable through Regulatory Mechanism during the year 2019-20 NIL (previous
year 141193 lakhs) for FPPCA & APR of 2018-19 though the relevant orders have
not been received from the Regulatory Authority. lt is presumed that favorable
orders for the full amount will be available. ln the event of any variation in the
orders of WBERC, adjustment of Net Profit & Regulatory Deferral account balance
may be necessitated to the extent of such variation.
40.5 Regulatory Assets of < 1261841 lakhs (previous year 11138787 lakhs) have been
considered for calculation of borrowing power for working capital loan. [Refer note
no.24.31

40.6 Re-measurement of post-employment benefit obligations is considered during

assessment of lncome receivable through regulatory mechanism on account of APR
& FPPCA.
iaoTE XO - 41 : Taxatlon

Partlculaas
20r9-2 0 2()18-19
( Rs- ln laths )
lncome Tax recognlsed h St tement of Prollt & Loss
Provbbn for lncome Tat 2.244 1978
Provtsbn foa lncome Tar - Earller ttears
Total clr]rent tax e)eense 2,244 1974
Defered tar
bx expense/(beneft)
Total deErred o 0
lncome tar erpense 2,214 19A
r can be [Link]€d to tie accounti
. .nd the accountlng prollt multlpll.d by lndla'3 tax
Descrlptlon zo 19-20 20ta- 19
( Rs. ln llkhs)
Profit before Tax 54,941 t4.522\
icable Tax Rate tt 4 1.549
Tax are not deductible in calculati taxable com e:
Expenses disallo$Ed u/s 438 4,244 2.404
Provrsion for hcome Tax - Earlier years
lncome tax expense
'l'ax L(Isses
3lst March 3lst March
Pa rtlcu la rs 2020 2 019
( Rs. ln lakhs)
Unused tax losses for which no deterred tax asset
2,66,9s4 3,35.475
has been recoqnised
Potential benefrt 93,284 1.L7,224

The unused tax losses were incurred by the Company that is not likely to generate
taxable income in ble future. The losses can be carried forward as per

Kotk
75
ed A!
9t
 Provisions of lncome Tax Act, L961.

41.1 The lncome Tax Assessment of the company has been completed up-to the
Assessment year 2016-2017 and there are no legitimate demands outstanding
against the company as on 3I.03.2020.
41.2According to the Govt. of West Bengal Order No. 179/PO/O/3R-29/2006 dated
14.06.2007 all Taxes assessments, appeal cases filed and pending before the
respective tax authorities, High Court or Supreme Court against WBSEB as on
31.03.2007 have been assigned to WBSEDCL.
41.3 WBSEDCL and WBSETCL being the restructured companies under Electricity Act, 2003
carry forward business loss and unabsorbed depreciation as allowed by the lncome
Tax Authority to WBSEB shared between the WBSEDCL and WBSETCL on the basis of
Net Fixed Assets of the Companies.
41.4 The Company being a company providing electricity services is eligible to claim
deduction under Section 80 lA of the lncome Tax Act, 1961.
41.5 The Company is liable to pay MAT as there is book profit in its books of accounts. MAT
Credit is not recognized as it is expected that the company will not pay income tax
during the'specified period' as laid down in the lncome Tax Act 196L.
41.6 The Company operates within the framework of Electricity Act, 2003 where tax on
profits forms part of chargeable expenditure under the applicable regulatory
framework,
NOTE NO-42 : Other Comprehensive lncome

Partlculars 2 019-2 0 2 018-19

( Rs. in lakhs )
Re-measurements of post-employment benefit
qbligatio ns
(so.424\ lt,294
Total (5O,4241 LL,294
42.1 Re-measurement of post-employment benefit obligations is considered during
Assessment of lncome receivable through regulatory mechanism on account of ApR &
FPPCA-
& co

76
43. Eamings p€r share (EPS)

ErmirqE F€r [Link]

(.1 [Link] €.milqE Fr rhrrE 31 LrEh, 2020 31 [Link]. 2019
B6ic @mhqs per Ctae atbbut*rle to the eqrty holdeG of dE [Link] ( Rs-) (7.57) (45{)
B6t raningF F shrE idutrg n t md€rart h EgrJarary daa,rJ6rt 2.4 {0.20)
[Link]€dE-l
(bl Dlrted [Link] F [Link]
lI Lrch.2020 31 LrEh. 2019
[Link]{s ler share attrhu* b th€ €qiy ho5€rs oa dc Cqr'[Link](fls.)
Ollted (7.57.l ( 5-5,0
[Link] rdnilqs F sl e ilrfdig ,rd nwi€rt h iq|l&y d*r.l 2.40 (rr20)
!@rrlt hL.r€{EJ
(cl n cql<-tixls of c.milq5 urld h [Link] [Link] p.. [Link] 31 Lfth. 2020 3l lerch, 2019
D6k dfi,ilos E]fd',,/e
Prd ffiIbHe b c4ty hScrs d the @rpry r,lsd h dottiE hGiB (r,8r.r051 (r.27,5751
[Link]' pcr!firqns- h htrrs)
Pr* ..,ihlbue b qlty dG d the (,iFrt u.d h ,:r^"..t bGir
G![irg3 F [Link] irufrg ad rffirEt h rqrbry &ril @rt 56,71' 11,s22l
[Link] (b. h bfrEl
Clhd un't{5 F dplie
Pr* .ttrtdb to Gqdty hd&s d ttE dnFrry red in [Link] drEd (1.81.10s) 11.21.s161
smir6 per$ddRs- h blhsl
Prff rttrb,* to eqdty Mders ttE [Link] used in [Link] dlted
oa
e.mirq6 per clsle hddiE rd mosrEt in regublo.y dafur.l .[Link] 55.7:i7 la.s2al
blarr€C Rs. in hlfis)
(d, *i|trt d .[Link] mrt$.r d cqlit dl3E l|3cd G ttc ,l Lrth, 2020 3l LrEh, 2019
daidnh&r
lEiJhtsdaslge l. cr d c$ty ir-Es usad 6 the daruril.E h 23.6J,1 23.028
b.i crr*Es D.r C..ql{6)
cdorhilq
,*glrd .tE4c n rtu d qtay drE5 td .5 tle tuorrriEw h 23.634 23,n24
.hntpAdddti6 Gd,,rdlkt

44. Related Party Disclosures

(a) Parent entrties
lhe qloup is controlhd by follot{ng entity:

Place of Orre6hip nterest held bythe Company

Name ot entity Type
incomolation
31-t{ar'20 31-Mar 19
lmmediateaM
Go!,emor ot lr&st Bengd I00% 10000
dti?hate parcnt
(b)loint venhire & Subsidiary Companies

OwleBhb interest held by the Com pa ny Primipal

Name of entiq Place of business
Activilies
3l-Mar'20 3l-tlar'19
lttst Eengal Green Energy Development
lndia 35% 3506 Core Business
CorDoration Ltd- hunt Venfure

(c) Diectors & Xey management [Link] compensation

3l-Mar-2O 3l-Ma. 19
Partkulars (rE, h blfis)
short-term empb)aee benefts 155 151
Loog-tem empbltee benefu o t9
Indegendent D Aectors- F€es 7 6
Total compensatirr 172 176

i) There is no impaired receivables in relation to any outstanding balances and no

expense has been recognized in respect of impaired receivables due from related
parties.
ii) Company co ll the lnd AS. lnd AS 24 -Related Party Disclosure is not

Kotk

77
A (',
co 7/
 applicable to the Company and as such disclosure requirement under paragraph
26 of the said lnd AS has not been disclosed separately.

d) Name of Directors &Key Manaoerial Personnel

llame Ihsignation Period of Tenure

Sri. Raiesh Pandey,lAs Chainmn and Managing Orector From 01.04.2019 to 24.05.2019
Sri. Sartanu Easu,lAS Chairnnn and Managing Drrector From 24.06.2019 to 31.03.2020
Sri. Rajesh Pandey,lAS CMD & Urector (Finance) From 01.04.2019 to 24.06.2019
Sri. Santanu Easu,lAs CMD & DirEctor (tinance) Fmm 24.06.2019 to 31,03.2020
Sri. Swapan KunBr Dey Director (Dstribution) Fmm 01.04.2019 to 19.02.2020
Sri. Sutay Sarkar Drcctor (m) Fmm 01.04.2019 to 31.03.2020
Sri. Gautam Sengupta Drector (Pmjects) Fmm 01.04.2019 to 31.03.2020
Sri. Alay Ku[Er Pandey Urector (R&T) From 01.04.2019 to 31.03.2020
Sri. Suraiit Chakrabortty Dlirector (Genection) From 01.04.2019 to 31.03.2020
Sri. lGlyan KunEr fiosh \ cF0 Fmm 01.04.2019 to 31.03.2020
Sm. Aga4afut Corpany Secretary Fmrn 01.04.2019 to 31.03.2020

t :.

7t)
45 contingent Liability &Commiunents
CoothgEnt bbiAy & Cqrmlmerts
5l-
& .t 3In lr .t 3lrt
Xo
[Link] [Link] 2O2e Lrrh 2olt f,cltt rtt
ArEunt (rt- i'r bthrl
l^) corti'[Link] tibifti.r
t 6plllld .ddlhr of [Link]
il hGo.E Tuc:s.3 [Link] *rt [Link] RU..l E rg, 375 315 tur ftG AY-2O01{I2, 200!+r
D"[Link] C-oDorrtirn Littd.
..rd m0+05-
;l srbs T.{V Trs..ra. Lt c295 5146
llt rR!ft hotrl hcofir
utdcr 3utlidtc, .lE.
-) [Link].r 9t0 ;l [Link].
OirEtsd cLi'E of dfrGllt
C-mtncto. Oin [Link] E rc 32 17 OBputL.d ,sut+drccd
Xa. 6rn CBas 6519 5436 OIng tlsplt! I [Link].
{) [Link] EL<tsi<ly Ar$[Link] 3341 ,,11
tor itcldirg irtcrln thGG
.a D3putld
ll) Porr purch.3c & [Link] cl|tllca- Oin 69029 3ll{)71 [Link]
[) ErpbF C6tlD b. tfi! p6ird fsn lo-Xll6 to Dcc- 1rr00 0 [Link]-judicd rr lca.l [Link]
[Link]
i)
Gu...ntcca t [Link] r.a Crldii ..ucd b, brlb ..i 61210 60706 l!!ir6t [Link] o, [Link]
[Link] hrthtirns on b.h.f d th. [Link]
lc) Colrmarrflt!
i)
l! hiif b t a:cuEd
Estinatad a,Eunt of crntsacts
71EIJ11 141291
on f not Prorild fo..
[Link] nt

lo) (rhc. [Link] rE

i) ttcuity tuty 23aEA 23EEA Clrputld

al AtrDunt d.e6H.! pcr cdrn ordc. 38 38 Th! [Link] a $l+dic.

shorar6a proaaadiE3
-) Crod! t saricc Trron ltcG,of chaE a fiDrlr
3E72 1Al2 l,rrdcr tffir G.r!..| o{ CgT
CoolrrtEtt
i'ffi.(lrG
lStEr P.?drg atr
rr.s,.r*r T.r 2384 2984
I rdndi..tirE ft.r
hcorr Lr dcrEnd rs p.r [Link] lurrrry 1X) 92 c-oll!<tirn it t'd'r fld
[Link] h.s cofir*.r.d rr Fr bq t rn Forr [Link]. .![ldtnt to ic.r H cct libity d 9o-r gcnc(.Erg
[Link] H or thd dccLlld [Link].t. 1L a ftd frun thr b tiE by lion'bh Crrlu.l ELci*ay n rubtbn
Clrtr'i3idr (cnc) .nd tLrt 0cr9.l [Link] RlguLtDrycormi3irtuERq .3 r.r t tifi Gfobtbn.

lE) Otlrc' bnc,

[Link] ith rbrtb
Erc br hoBti
APR & rPPC'^ tor [Link] nr2-B ([Link]! [Link]) x145 26146
') rt<dBdcaatiro aa laa adca
d IrIET

Contingent AsseB
As at 3l Ar at 31
sl.
[Link] llnh 2020 Iirch 2019 Rema rls
llo
lmount lns. in lalhs)
) Electricty Duty 1670 3670 EEess palmnt not refunded

) 0aim from lnsucn(e Cofipanhs 5135 {278

z16 Capital Managernent

The Compa ions of generation and distribution of electricity are govern ed by the
p rov tslons ity Act 2003and Regulations framed there under by the West
/a

79
Bengal Electricity Regulatory Commission and accordingly the Company, being a licensee
under the said statute, is subject to regulatory provisions/ guidelines and issues evolving
there from, having a bearing on the Company's liquidity, earning, expenditure and
profitability, based on efficiency parameteB provided therein including timing of disposal
by the authority.
However company's objectives when managing capital are to:
Safe guard Company ability to continue as a going concern, so that WBSEDCL can
continue to provide returns for shareholders and benefits for other stakeholders and
maintain an optimal capital structure to reduce the cost of capital. The Company manages
its capital structure and makes adjustments in light of changes in economic conditions and
the requirements of the financial covenants. The funding requirement is met through a
mixture of owners' contribution, internal accruals, long term borrowings and short term
borrowings. The Company monitors capital us;ng a gearing ratio, which is net debt divided
by total equity.
Consistent with others in the industry, the Company monitors capital on the basis of the
following gearing ratio:

Net [Link] ratb

Amount (Rs. io bkhs)
Total Boratings 31st Mar.h 2o2o 31st March 2019
6,52,544 5.21.631
5,86,O35 5,22,893
Total Bonofinqs lA) 12,38,584 LO,44,524
Cash and Cash equivalents (B) 64,270 46.112
=lA-B) 11,74,314 9.58,412
Total Egub/ ,s per Babnce Sheet lD) 2,66,869 2,59,130
Net Gearing Ratio (C,/D) 4.40 3.70
47. Fair Value measurements
[Link] v.b. mc.3trrqneflts
osnt Rr. r|
3bt l..rh 2O2O llrt [Link] 2Ol9
Amortbcd
FVPI FVOCT fvoct AmortnGd
[Link] .t*E
6,54,r53 5,28.45a
2,m6 2.130
Ca3h ard [Link] €qrtabnti 54,270 s,l12
a.r* [Link] otlrr tttan c6h sd
6h cqui..[Link] 91.434 44,998
Sundry [Link] 59.,|aG 14,551
lErrtic.. Ul Ch!l!6 & Rarlnr,G 532 153
subi$..irt hclir*le. 163
s32
trrnc L.,urd o.r FirEd DGgc- h.i
3,37? 5,152
,Dt doc
Dcpcb dt [Link](l3 Stltrtay
[Link] I.I}6 I,459
lf,lcebncot,3 lDrrE srd ldlrlncc3 21,019 21,5()4
4{X) 400
Tot.l [Link] .i3ct3 5t2 9,Or.423 163 4.45.72t
[Link]-t bbdtb.
8orcirgs 14,{)6,OlO 12,64.53A
7,95,:A s,97.794
t-blrifty for Crlibl SupGIe3 / tlb.b 1,95,:EO r,57 291
Secu y Dep6r from CdBumcft AiE 4.O4.249 3,75.154
OdEr payahLi 37.146 3,7:)9
herEst xcrrrd on boror-Es 46 79O 47,913
Tot l [Link],lta3 24,9ll,rxr7 2a,15.597

4
80
48. Fair Value Hlerarchy
This section explains the judgments and estimates made in determining the fair values of
the financial instruments that are (a) recognised and measured at fair value and (b)
measured at amortized cost and for which fair values arc disclosed in the financial
statements. To provide an indication about the reliability of the inputs used in determining
fair value, the Company has classified its financial instruments into the three levels
prescribed under the accounting standard. An explanation of each level follows
underneath the table.
Finai<bl assGts and lirtiliti.3 [Link] rt lhortirad cost (Rs- h blfis, fo. trtt
hi [Link]. .rc [Link] At 3lit [Link] zqlo
PaatkuLrs ldel I LEYel 2 lael3 Tot!l
Firiancbl assets
De!6t ri'i StautDrY AuthortY 1,136 1,136
Total6n rcbl ls3ets 1.136 I'l36
Fin iE.l lhbillls
Bonorirqs a,u),2t 4.0o252
[Link] pryatl€s 8U al2
tjab&y 6r C50t a supo&s / tlbrts 35,795 36,796
S€cuaay Depcl iom Consum€rs 3,94,519 3.94.519
Tot l ltn ncbl lbbillies 12,32.379 12,32,379

fin ,rcll [Link] rnd li.bilitie3 [Link] .t 5G t-.d co.t (Rt- ir LEt3) lbr trih
hi [Link]. .rG ditdccd At 3l3t IrEh 2Ol9
l-d.l I l-evcl2 La.l 3 Tot l
rin [Link]
DepGl dfi [Link].y Alrtllorty 1,459 l.E9
Tobl6n ncirl.i3cts 1.459 1,459
[Link] lLbilrtEr
[Link] 7.59.575 7.59,675
[Link] paFblca 4,315 4,315
ljah&, br CldJ Supp&3 / rr5rts 3525!t 35252r
s€omtYDGEI f,otn CorBrrmets 3,61,814 3,61,818
Tobl 6n nchl libinic. ll,61.o6l I t.6l,06l

Level I": Level t

hierarchy includes financial instruments measured using quoted prices,
This includes listed equity instruments, traded bonds and mutual funds that have quoted
price. The fair value of all equity instruments (including bonds) which are traded in the
stock exchanges is valued using the closing price as at the reporting period. The mutual
funds are valued using the closing NAV.
Level 2: The fair value of financial instruments that are not traded in an active market (for
example, traded bonds, over-the-counter derivatives) is determined using valuation
techniques which maximize the use of observable market data and rely as little as
possible on entity-specific estimates. lf all significant inputs required to fair value an
instrument are observable, the instrument is included in level 2.
Level 3: lf one or more of the significant inputs is not based on observable market data,
the instrument is included in level [Link] are no transfers between levels 1,2 and 3
during the year.
The carrying amounts of short-term Loans, Cash and cash equivalents, Bank Balances
other than c cash e quivalents, Sundry Receivables, Deposits with various Statutory
&C c
o rtl
!li
8l
Authority, Miscellaneous Loans and Advances, Other payables and lnterest accrued on
borrowings are considered to be the same as their fair values.
The fair values for loans and security deposits were calculated based on cash flows
discounted using a current lending rate. They are classified as level 3 fair values in the fair
value hierarchy due to the inclusion of unobservable inputs including counterparty credit
risk.
The fair values of non-current borrowings are based on discounted cash flows using a
current borrowing rate. They are classified as level 3 fair values in the fair value hierarchy
due to the use of unobservable inputs, including own credit risk.

49. Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial
instrument or customer contract, leading to a financial loss. The Company being the sole
provider of electricity in the licensed area has been managing the operations keeping in
view its profitability and liquidity in terms of the above regulations. ln order to manage the
credit risk arising from sale of electricity, multipronged approach is followed like
maintenance of security deposit, precipitation of action against defaulting consumers,
obtaining support of the administrative authority , credit rating and appraisal by external
agencies and lending bodies. Availability of capital and liguidity is also managed, in
consonance with the applicable regulatory provisions.
The Company is exposed to credit risk from its operating activities (primarily tmde
receivables).
Trade receivables:-
Consumer's credit risk is managed by each business unit subject to the Company,s
established policy, procedures and control relating to customer credit risk management.
Trade receivables are non-interest bearing up to the credit period. Security deposit is
collected by the Company from each customer based on the electricity consumption
pattem of every customer to manage the credit risk of the customers. Outstanding
customer receivables are regutarly monitored. The Company has credit risk as the
customer base is widely distributed both economically and geographically. The ageing of
trade receivables as of Balance Sheet date is given below. The age analysis has been
considered from the due date:
it
btirl h{irr fleiEr
pddr& iotilDai€d H dE bd rt inpir€d
Trd& lortc{ ED,
h(EjEt}
klEdfir€rl lbBE 5( Bd lhr. nE[ 12 hre Ih 21 rtiE b lhre T'lEn 35 Total

D€ttt FTa-dci€fi LGs)

Up to l2 trut E !rdh5 b ll 36 mitE mnthl
motts
{[Link]}
k m ffithrd| 2020 5,81,117 a,8n II.06{ 11"852 6,61.r61
As (lr 3lst lhdt 2019 5.1116r 25,E56 [Link] 27J91 6,11.151

&c o

82

Ied Aco
The requirement for impairment is analysed at each reporting date. For impairment, a
large number of minor receivables are grouped into homogenous groups and assessed for
impairment collectively. Company evaluates the risk as low since it collects security
deposit from its customers based on their consumption pattern, An allowance for
impairment is made where there is an identifiable loss event, based on previous
experience,
50. Uquldity rlsk
Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations
associated with financial liabilities that are setued by delivering cash or another flnancial
asset.
Prudent liquidity risk management implies maintaining sufficient cash and the availability
of funding through an adequate amount of committed credit facilities to meet obligations
when due and to close out market positions, Due to the dynamic nature of the underlying
businesses, Company treasury maintains flexibility in funding by maintaining
the
availability under committed credit lines.
Management monitors rolling forecasts of the Company's liquidity position and cash and
cash equivalents on the basis of expected cash flows. This is generally carried out at local
level in the operating activities in accordance with practice and limits set by the company.
ln addition, the Company's liquidity management policy involves projecting cash flows and
considering the level of liquid assets necessary to meet these, monitoring Balance Sheet
liquidity ratios against internal and external regulatory requirements and maintaining debt
financing plans.
Maturities of financial liabilities: The tables below analyses the Company's financial
liabilities into relevant maturity groupings based on their contractual maturities for:
The amounts disclosed in the table are the contractual undiscounted cash flows, Balances
due within 1,2 months equal their carrying balances as the impact of discounting is not
significant.
E*ar2
[Link] rrMtii oltE EiC trEli5 lrs thr I l*gll hrE 0En 5
ili5 Totd
3lit Lrd 2020 Frl .d 2 F.E lErII
Fars
E. in la[El
hmris i@ 8,m.2! 1,9,tG 1,70,[B 1.6160-
Dfl* tqn CoEms! 13,IIO lU11 11,016 lj6J89 1,ffi:ts
TE& i,91,1$ 8U 7,$,ia
oedbrs 35,75 x,7$
ffs iBrrid hni5 1,96,910 1,96,910

Enj 11,6,{2 2,tt,931 2,r{095 [21,619 2E go,llsl

&C o
Irn
I

:a,i

8l
CorffiC n$ritis of firriJ trElb [Link][m I Btlo l
Lh.o l Ion thn 5
.rl5 ToH
lbt hEh Dlg F.f rd 2 F.E ,e.E
Fss
[s. in bth)
Bcrrylhiripd iuirt@ 7.$,$! t9t5t 91,151 235817 l3J2Jsl
Seoity Drpd from Cormes 1lJ0 tlJ0 {Q1l 3,OJ35 175J58
Ira& pid€s 5,$,f/2 2.16 59.7$
.'!.r sedbE 1lE2 nJ68 3Jt0
Srrhardldlb lSJm 15,ie
ToHLElb l5rJU 2Jr165 lJt sE 5JI.62 2{,7659

Note: - Borrowings include Balance of Cash Credit as on the 31st March2020.

51. lnterest ftrte risk:
lnterest rate risk is the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market interest rates. The Company's exposure to the
risk of changes in market interest rates relates primarily to the Company's long-term debt
obligations with floating interest rates. The Company's main interest rate risk arises from
long-term borrowings with variable rates, which expose the Company to cash flow interest
rate risk. During 3lst March 2020 and 3Lst March 2019, the Company's borrowings at
variable rate were denominated in lNR.
The Company's fixed rate borrowings are carried at amortized cost. They are therefore not
subject to interest rate risk as defined in lnd AS 107, since neither the carrying nor the
future cash flows will fluctuate because of a change in market interest rates.
(a) lnterest rate risk exposure:
The exposrrrc! of the Colnpany's financbl liabilities to interest
rate rbk b as ibllors (Rs- in blfis)
Pa rtku la rs 3ast [Link] 2O2O 3l-st March 2019
Varbble rate borrortinqs 11,41.22r9 1().15.3a4
Fixed rate borroiinqs 2-24-76L 2.49.254
Total borro! angs l4,()6.o r-o L2.64.63A
(b) Sensitivity:-Higher/lower interest expense from borrowings as a result of changes in
interest rates as below will impact the future recoverable from Consumers:
Particthrs hpad m prft behrc hd&. in bldrs)
llitXad 2020 llst lardl 2019
hE€st crycnse nEs - ilE6e by 70 basb Finb ($ bF), {8,268.71) ti,r07.69)
lE€st ep€rEe r.E - &o€0s€ by 70 bask pit (50 h6)' 8.268.74 1 i.69

52. Forelgn Currency risk:

The risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in foreign exchange rates. The Company deals with an
international customer and is therefore exposed to foreign exchange risk (primarily
with respect to USD) arising from these foreign currency transactions. This foreign
exchange fluctuation has been hedged by the Company through the tripartite revenue
contract entered with this international customer and a third party. Further foreign
exchangeJisk also arises from future cash flow against foreign currency loan (i.e. Yen).
21,.'
\
\.\
?7
z/l 8-l
\
a.cc92
 The risk is measured through a forecast of highly probable foreign currency cash
flows. Currency risks related to the principal and interest amounts of the Yen bank
loans, taken by the Company through Govemment of lndia.
(a) Foreign currency risk exposure
The Company's exposure to foreign currency risk at the end of the reporting period
expressed in INR :-
(VaLEs *, k. bkt s)
31st March 2020 3lstMarch 2019
U5D Yen USD Yen
Fhancial asseB 8,552
Fhanclal liablltles 1,o56 1.332
Net eEosure to forebn curencv risk (1-056) a_552 tt_332t

(b) Sensitivity: - The sensitivity of profit or loss to changes in the exchange rates arises
mainly from foreign currency denominated financial instruments.

53. Regulabry Rlskl Power is a highly Regulated sector. This exposes the company to the
risk with respect to changes in policies and regulations, The company's Generation
and distribution of electricity are governed by the provisions of the Electricity Act,2003
and Regulations framed there under by the West Bengal electricity Regulatory
Commission and accordingly the Company, being a distribution licensee with
embedded generation under the said statute is subject to regulatory provisions/
guidelines and issues evolving there from, having a bearing on the Company's
liquidity, earnings, expenditure & profitability, based on efficiency parameters
provided thereon including timing of disposal of application/ matters by the regulator.
The Company being mostly the sole provider of electricity in the licensed area (few
places having multiple licensees) has been managing the operations keeping in view
its profitability and liquidity in terms of above regulations, in order to manage credit
risk arising from sale of electricity, maintenance of adequate security deposit,
precaution of action against defaulting consumers, obtain support of the
administrative authority.
Availability of capital and liquidity is also governed/ managed in consonance with the
applicable regulatory provisions.
54. Rlsk Assoclat€d with Regulatory deferral Account - Certain risks and uncertainties
might affect the future recovery of the Regulatory Deferral account balances being
created. These a re:
a) Demand Risk: Recovery/payment of the regulatory deferral debivcredit balance shall be
by way of billing to the beneficiaries. Accordingly, the same is affected by the normal
risks and uncertainties impacting sale of electricity in lndia like difficulty in
transmission and generation constraints, low demand, social and environmental
interference etc.
b) Regulatory / S Risk: Recovery/payment of the regulatory deferral debit/credit
& o
,a

85
'ad A'
 balance shall be under the regulatory framework applicable to Electricity lndustry
within the ambit of Electricity Act, 2003 and Electricity Policies of the Central and State
Government. Accordingly, the future recovery of the regulatory deferral debivcredit
balance shall be subject to the risk arising from any change in related Electricity Acts,
Regulations, Government Policies and Acceptance of the claim by the regulatory
authority. The APR claim for Financial Year 2012-13 was disallowed to the extent of <
26145 lakhs out of the total claim of < 238775 lakhs which is now under
reconsideration of the Regulatory Authority.
55. Slgnlffcant judgment and estimat c

The preparation of financial statements requires the use of accounting estimates

which, by definition, will seldom equal the actual results. Management also needs to
exercise judgments in applying the WBSEDCL accounting policies.
This note provides details of the areas that involved a higher degree of judgments or
complexity, and of items which are more likely to be materially adjusted due to
estimates and assumptions turning out to be different than those originally assessed,
Estlmadon of cuneflt tax expense and payablelln calculating the tax expense for the
current period, the Company has treated certain expenditures as being deductible for
tax purposes. However, the tax legislation in relation to these expenditures is not clear
and the Company has applied for a private ruling to confirm their interpretation. lf the
ruling not goes in favour of the Company, this would increase the Company's provision
for tax.
Conungent liablllty: - A contingent liability of t 94392 lakhs (previous year t 40852
lakhs) was recognized for a pending lawsuit in which the entity is a defendant. lt is
expected that the decision will be in favour of the Company. However if there is an
adverse decision related to the lawsuit then the Company may require to pay this
amount.
lmpaltnEnt of trade recdyabl€s: - The impairment provisions for financial assets
disclosed above are based on assumptions about risk of default and expected loss
rates. The Company uses judgment in making these assumptions and selecting the
inputs to the impairment calculation, based on the Company's past history, existing
market conditions as well as forward looking estimates at the end of each reporting
period.

COVlD-lg iDue to outbreak of COVID-19 globally and in lndia, the Company is

sensitive about the impact of the Pandemic, not only on the human life but on
businesses and industrial activity across the globe, which will be realized and
ascertained only over next few months. The Company has been monitoring the
situation closely and has taken proactive measures to comply with various directions
/ regulations / guidelines issued by Government and local bodies to ensure safety of
5rc o
o I
86
I

reC Aq
workforce across all its plants and olfices. The Company has made initial
assessment of the likely adverse impact on economic environment in general and
operational and financial risks on account of COVID-l9. Vide notification dated March
24,2020 issued by Ministry of Home Affairs, a nation-wide lockdown was announced
to contain COVID-1g outbreak and same has been extended later. However, Power
generation & distribution units, being essential services, are allowed to continue
operation during the period of lockdown. The Company has made every possible
effort to sustain its power availability for all consumers. The Power Ministry has also
clarified on April 6, 2020 that Discoms will have to comply with the obligation to pay
fixed capacity charges as per PPA. Further, the Reserve Bank of lndia has granted
relief to borrowers by way of moratorium of interest and principal installments falling
due to lndian banks and financial institutions. The extent to which the COVID-19
pandem'c will impact the Company's results will depend on future developments,
which are highly uncertain, including, among Other things, any new information
concerning the severity of the covlD-lg pandemic; any action to contain its spread
or mitigate impact whether government-mandated and further evolving impact on in
terms of demand for electricity, consumption mix, resultant average tariff realization,
bill collections from consumers and support from respective State Governments and
banks & financial institutions, including those focused on power sector financing.

The Company has considered the possible effects that may result from the
pandemic relating to COVID-L9 on the carrying amounts of receivables, unbilled
revenues, tangible and intangible assets. ln developing the assumptions relating to
the possible future uncertainties in the global economic conditions because of this
pandemic, the Company, as at the date of approval of these financial statements
has used internal and external sources of information on the expected future
performance of the Company. The company did not impacted with further financial
burden on account of ongoing capital projects as it is fully funded by Govt. Grant
though the time line of completion may be deferred.
Such prolonged period of business disruption has resulted in serious working capital
crisis in DISCOMS on pan-lndia basis on account of drop in energy sales and
collection. To address such pan{ndia crisis, the Ministry of Power, Govt. of lndia vide
Notification No. 1u16/2020-Th-ll dated 15.05.2020 notified a scheme of liquidity
infusion by RECU PFCL Accordingly WBSEDCL sought a working capital loan of {
1021 crores against special long term loan for COVID-lg against which the State
Cabinet of west Bengal accorded its approval of providing Government Guarantee in
its 73rd meeting held on 15.07.2020. Such loan is an additional requirement over
and above the normative working capital. We pray to Hon'ble Commission for
allowing the inte QD loan at actual over and above the normative working

It7
 capital interest, during the respective years of payment of such interest.
AMPHAN :-Distribution network under WBSEDCL has been seriously affected due to
the super cyclone "Amphan" which severely affected five Districts of West Bengal.
Most of the infrastructure in Sundarbans and 24 Parganas areas were damaged. ln
the wake of such natural disaster, WBSEDCL took the job of restoration and
maintenance on war footing deploying all resources available. Financial involvement
is being ascertained. The expenditure so far around Rs. L235 crores has been
assessed which may go up further after considering the involvement of pending
orders to be raised for balance executed work for restoration. The company will take
up the funding for the same with Gow. of West Bengal. Cost of the same will be
factored during submission of the application before Regulator. lt may be
appreciated that such huge additional expenditure made to restore the power supply
within short period of time on account of unprecedented natural disaster cannot be
considered a routine O&M work. The Company already prayed before the Hon'ble
Commission that on ascertainment of the actual financial involvement of the
additional expenditure incurred due to restoration work after AMPHAN, such
expenditure be allowed over and above the O&M expenditure allowed in the present
ARR. The Company already submitted a claim before insurance company for the loss
of distri bution transformer.

56. lnfomatbn about Malor Customers: The Company is not reliant on revenues from
transactions with any single customer and does not receive LOo/o or more of its
revenues from transaction with any single external customer.
57. Tarlff Oden Tariff order of 2018-tg and 2Ot9-20 is yet to be published by WBERC. ln
absence of Tariff Order of 20]-9-20, Tariff order for the financial year 201-7-l-B has been
considered for billing and accounting purpose of WBSEDCL licensing area. ln absence
of current tariff, tariff order for the financial year 2016-17 has been considered for
billing and accounting purpose for erstwhile DPL licensing area. Effect of Tariff order of
2018-19, if any, will be considered in subsequent accounts after its publication by
WBERC. Tariff order for the financial year 2017-18 in respect of DpL licensing area was
published on 3'd August 2020. lt has no impact as the honorable commission fix the
tariff of different categories of consumers, similar to that for the year 2016-17 keeping
revenue gap if any best on the actual figure of 2017-18, which will be looked into
during truing up in APR & FPPCA for the year 2ott -18 for erstwhile DpL.
Company submitted Multi Year Tariff (MYT) application for the financial year 2O2O-21,
202L-22 and 2O22-23 before WBERC on 28th August 2020 being the extended due date
as approved by the Regulator.
&C o
o

CC 88
58. Seoment Remrdno
Operatlng Segmenk ln accordance with IND AS 108, Operating segments used to
present segment information are identified on the basis of internal reports used by the
Company's Management to allocate resources to the segments and assess their
performance. The Board of Directors is collectively the Company's Chief Operating
Decision Maker (CODM) within the meaning of IND AS 108.
The Company is governed by the Electricity Act, 2003 and related regulations and/or
policies framed there under by the appropriate Authorities. Accordingly, in preparing
the financial statements the relevant provisions of the said Act and Regulations etc.
have been duly considered. The Company operates with its Distribution Ucense
Business where terms of license reference is as 'Distribution Licensee with Embedded
Generation'. Thus regulator allows Tariff of Distribution Business considering
Generation as embedded taking into account the different Risks and returns.
However segregation made for Direct Activities of Generation and Distribution along
with reconciliation with financial statements are as follows:
r-i.m-l [Link] rbout rt [Link] 86-idr [Link] .E pr.{nt d in [Link] giv.. [Link]
st
Xo 2l,1!' 20 2014-19
A
1 S* 216Zt!] 57856 ?2fr94 204ei9/ 6{169 210Ae5G
Othe.s 1$Tr2 176 156944 1678 ,18 r0€r E
3
iH
mov€rpflt n Rcguhqy 237A12 o 123575 o
Dcfund Accqrnt B*nce 2ltB12 12515
1 hlcrEC Rctqruc 1't't9 0 1119 1556 o 1155
TolJ RoYoirD 2Wf2 5g)3 26t65{B mDlb G,Et7 z*&2
B) EtperBes
,!
hter€ai 13a|lt o 1I411 1879 o 13dIIS
2 DcglEcl6iixl tgr20 &)12 g l32 4,t265 8375 gH1
3 Scgment Erp€ises 2z7ffi1 ,19'119 23231m zr6tra3 52')2 211Tlas
Tobl EtperEes 24t}.:D 5g)31 ?55t526 ZNTB GOGrr.33t6 2vt55
Prd (+Y1-63 C) ,t€r nct
md€nrcart rn RagdSloay Darcard s$t o 5atr (,r523) o (4523)
t
Accord Bal'ice bcb.E Ta
c OltDi CdtpaalErElve lrEdtr (50424) o (x)42{) 112jv 0 i i29a
D Provlsloo loa Tu 224 o 24 1978 0 t97A
E Told CdnpaDlDaElva laEdDo 6313 0 6313 4793 o lllB
OtlBr [Link]*.r
1 S€gmen[ A6sd 34753p 3?790,1 3a154S a)5(791 3D3155 3353956
Rcgddoa, dcErd rEcdJd [Link] 5619't4 0 155191,1 131rl5$ o '! 3l45ql
2 't
BahEc
3 Scgmern Equrty a [Link] 5X)24,t3 6,15()7 5361350 ,601371 67174 ul668t*)

aa Cdnpen, rith somc c,n bcddcd [Link] c+&ly- Thus [Link] / ExpetEcs / Assals
Lhlalirs rr5rtlo lo Cdpaic Ollte rhah [Link] nd bc dilc{y ircrnflidle ir o Clstrbutbo atld Gt laratitl
h6 b€i coaisilcard undar scgm€alt [Link] lioan Gcarct8titr &hny cdrsdcalal bcad at mtgild

59. Other Matters

(i) lnformation in respect of Legal disputes, the outcome of which was uncertain at the end of
the proceeding year and that continues to be relevant in the current year is yet to be
resolved are as
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6 3LO3_20U')
[Link] l.,[Link] Hdib
rUtDrarl 2926 349 524 2192 6279 2a,E [Link] [Link] &! sbbt
[Link] [Link] rn 23cr r .E
EriE !.n.! OEr Fdrrn.
Tobl 19 [Link]-fEErt
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Hafb rlii
6t sbb(.o,nmit ilr.
2!14,6 349 524 2Att 6279

(ll)lnfcmatbn abo(rt product and seMces: The Company derives revenue from the product
'sale of power'.
(lll) lnformatlon abqrt
Geographlcal areas: The Segment revenue from sale of power
represents revenue generated from customers which is fully attributable to the
country of domicile i.e. lndia.

90
[Link]&CLosses

(^! pr c,,u.h. o. riritt , ,..-.,r. r.:::ilii'ii^* . ,--*ou ,"7r-15, [Link] o2.o5.2ou

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[Link] I
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hpu &t-!, (nfi) Pudtad (crc) -End!, Ird,, ts .St [Link] {,6r
B Tffirir 1.6 (nlf,r) t67
c Id hFn EB!, (nfi) AB 3E 291

o EErr 5d lirur) Elrll, 5.5 to a crbF.b dqE'[Link]

u,ls., [Link]. ld, h-Stib Slb 3trl1

8-rr- iEn [Link],E iltb{obgdbo,

E tu!1r lt6 5- d E rcgy (Bl' h Cr, cdlarlilt (hddiE SrJdy B@d) hn .dri 9 22.81
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hc', 8@bd 9r! [Link] edr.d qFEt'(Et 121!po
bcbd drir th. Fr
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6 OFdlg O.t66 b S-b ofErqy lE. h Cr,
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ArLc Lq lt) = I{Unb Ult-6 .t rptr ErB,),lq)l [Link] rtr0

Table 2 201920
Details of Subsidy Booked and Receivcd ( Rs- in Cr)
1. Sub6iry Booked during the !,Ear 1G4
2. Subsiry receiv€d during the Far
i) Subsiry received agahst subity booked br current Far lo)
ii) Subs6y receiyEd agahst subiry booked tur prevbus t/ear o
iii) Sub6iry receiyed against suEiry booked br the nerd )Ear 9
3. Opening Sub6iry Receivabb 174l
4. Cbsing Subsiry REceivable (s)

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61. AC$ARR GAP

AC}ARR GAP
(Ar Fr GuilchG oa lir-lrt Ot Po-r tiL t n|o HEArO?ryATf C b.rf2ol, ,llalDln O.H O2-0t2olr)

Rdc,Il€ cAP (nsfirhl ltg- CGt of Sorglf [Link] L.5.|L LGrE 201+?0?0
(suLril, t!c!i{ hEal (lcs{irl

ACS->AE Cd oasuFat {n E/Hr} rota E+.ditrn {[Link] hp'rt Erlly r luiE,

I o5.04
(Rcfllc lidn S:b o, PoEr lon Sdsiry Lcild
AXR->AEi!!! [Link] hrnlt (S'rt6dy llciEd brn)(h nct*!)
bcaP+Oi.r iEuicytobJ lp(r 616.Q
ElElly {ulb)
GAP L{8

E
.[Link] Whqlnc,| hFr EEf, h [Link] rr [Link] hldrrain llq fr.r{t S*aEE [Link]
.. k!. fEi rbd F-i!!lft ildr b&a rar $Ht rE i{
rotJ llput t Erly Cqlir.(rd {[l, at9,l,1
ACIAflR for Caku*bn of ABR (Average Blhg Rel
(Ar F GriLInG of lhkh, (X Porr riL lciro to{fArDfOrAIE C brcstt0lT nt6}1291 D.L.d 02-08j01?,

Ar9. Co6t d Surlf AEr.g. nGaIr.L l c{.

ter€ntp G P {nsrhh} 20192020
(Subit, llcird b..b) Uc$llf,]

[Link] foonub
ACS->Arq Cd olsuprlh kl r) Tobl Ependitre (Irluntytoti tred Erf,By luiEl ,8ZIl
AflR->[Link] n€.bat* kcrue (Sl6dry r€.eivld b8bxir k Hr) lRffiilE
frorll S.h of foEr loo S[H, nReiyed
1?rO
Esbf +016 ircon€Ytobl 8H Ellqy (urb)
GAP L8E

LoE
'I ttE tlo [Link] sHy to&d Cn $bit Ecild.
Cortihred 34{r6{

V
For & on b.h.r ot
9
AF^*". 0lrr^ -
(o\kata ( [Link].h) ([Link] alu!., ( nu Blsu)
Chlcl Fh!ncblOtltc.r Compant,Saarat6ry Chrlmrn & llanatlllg Olrcltor
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ft!t6

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92
 Crttgory rlr. [Link]! ln llu ,l{o otContum$E [Link].d Lord (lOA) as on 31.03.2020
U 5010 O Of COli5UflEnS COiNECTID LOAD

HV I EHV L&r{v [Link] Tot.l flv f EHv taflv [Link] Tot.l HV & EHV Ll ilv [Link] Tot.l
Cata!0ry Sut Cala9orY
El!t{rll. Eltt*rll. Er!ttltll. E6trhll. uBSE0Ct Ent*ll. vf 5E0cl- Ent*ll. msEocL Erst*tlla ERt'rlll. EBtrtll.
Ar.r t$sEDcL DPLAr.r
ESEO€L VSSEDCL NSEDCL IIBSEDCL VtBSEDCL
DPL &rr DPLAnT DPL oPt Arlt DPL Arr. DPLArlr Al!r
0PL

Donestic & Look oeep 25.38 6.41 r20i8.32 105 85 12103.69 ).r2.257 47 18 r7671324 61343 lr6?1365 6r36r 11332 2Al 9719118 125520 980650 127941

939.86 3I11.07 25 04 4050.93 74.9t5 804 1787941 8152 r788745 4225 !x2'94 20722 148970{ 27105 1892298165 47811

Publlc Utlllty 237.16 44.70 40.84 060 277.99 45.302 238 5 12017 36 12255 al 124589 ll56t 29543 154131.5856 1?887

Sporls Complex 4_1) 0.10 0.00 000 4.71 0.103 22 I 0 0 I 150 ! 0 9668 150

16.91 1.94 1.7C 0.5{ 18.61 4.482 64 z1 110 17 20,{ 3E } 186 l113 i1!l vl2
hrtitute
2.4 0,00 1.78 000 4.26 0.0J0 ?6 0 652 0 678 0 tlz 0 lm 0
0
PEnt tbn
Comm€rclal& otheB 10.14 0.19 45.70 003 55.83 0.412 ?1 9004 1,j 9031 4 9104 3?5 15171 26t 64275 !7S 587

Emerg€ncy suppy 0.00 0.00 000 1.54 0.000 l 0 0 0 3 0 1799 0 0 3799 0

0.22 0.00 0 024 000 0.24 0.000 l 0 2 0 5 0 t10 0 49 0 359 !6

0

5horll.m 0.00 73.59 000 74.01 0.000 1 0 20105 54 20106 5,t 1oil 0 14137 )1 34217 4t5 22

Tot commerci.l 1236.t9 9t.03 3274.r0 25.21 ,4511.19 125.214 ll88 105 1829861 8299 l83l0a9 6404 575432 r6895 2512460 2t000 1167912 6lttl
ingation 0.00 0.00 r398.39 0.166 1198.39 0.356 0 0 326779 E !26r79 I 0 0 13275& 157 1317554.38 L\]
P,rbk Llghting 0,00 0.00 484.38 l0 72 484.38 10.718 0 0 73124 119 23721 119 0 0 86987 616 86986 9782 515

lnd$trlal 6791.92 r833t2 1476.10 492 8270.02 1838.I38 3105 92 108818 25t 1119a3 !49 nn2u i9t179 \744859 5923 182?126.949 197t02

tublk lEteruolks & s€[Link]€ PumPing 274.52 15.18 002 542.?5 I5.402 299 ! 2641\ I 26r70 10 l,l47lt 4014 ln2W 19 171A25 tt67 4061

Cold [Link] 416.t5 0,54 0.00 0.00 416.35 0.543 495 I 0 o t95 1 t72123 {p c 0 t?2123 3!0

MES II5,?3 0.00 0.00 0.00 r15.21 0.000 39 0 0 0 39 0 79v1 0 c 0 29142 0

[Link] 0.00 0.00 0.00 1205.04 l3 0 0 0 33 0 357S 0 c 0 l5/9@ 0

[Link](A) t0065.92 I954.58 189:9.61 118.08 29005.53 2102.656 5201 225 19985997 70057 1999219E ?02u 3!r6r3r 231811 r5668a99 r60253 r8985530 395073

IP.!Ylo{3 y!ad 9837.85 480.04 rr3aE.3t TI,EE 27r85.20 491.92 a93' 222 19061260 5.t380 r9073r97 6r502 lo!25q9 352071 lt7r8$3 l4ll96 rrr51a62 a95969

otierLaensee
(E5C 5.81
t-T- 5.81 I
tt I 0

0P5C 19.78 19.78 1 I 0

Sikhm 41.72 43.12 I I 0

[Link]!l(B) 5C.30 69.30 = ! 3 0

I C) lrh
otiar tftan
to ,.[on
[Portdrt nrrl
Cufitnt Yasr

lPovloi/r yarrl
l5l.9r
l2l0.a0

1794.t4
I
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15r.93

12r0.10

1794.4,t
3

[-r-- 3 0

II
I

I D) Sfip Out
Currant Yarr
lPruviour [Link]
76a.2!
u0,15
76a-25
170.15
-
Ylr L (A+B+C+D)
Curnnt Yttr 12110.0t rt5a.58 [Link] la8.0t !r050.49 2102.6-' 5204.00 225.00 r.9985997 70057 1999220r t02n 33l8l3t 23401r =ltrr8863
r5658a91 r60261
ll38t5
r8986530 395073

[Link] [Link] ii15+ts 4t0.(x r7348.34 II,EE 2C302.72 491.92 4940.00 ,22.00 r9058260 6a380 r9073200 64502 3032599 152071 r7751462 495969

I co
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 EST BE]IGAL STATE ELECTRrcTY DEIRAUTDII COXPAI{Y LlxlTED
STAIEXEiT OF TECH'I ICAL PARNCULARS

st.
t{o [Link] m19-2o,,J *lg-19

1.0 lrEtaled Generating Capacity at the tearend (ilw

(a) Hrdel (Exdding PPSP) 176.550 176.550
(b) Diesel 0.820 0.820
(c) PPSP 900_m0 900.000
(d) Solar 70.m0 50.000
Tota I : I lil7.l70 I127 370
2.O Generation in lrKlil4l
(a) Hydel (ExdrdinS PPSP) 511 ma 545.743
(b} PPSP 1075.47r 1r03.944
(c) Solar 58.707 :t5_450
Total: 1645.186 1645.137
3.0 Auxliary Consumftim (ltlK\ H)
(a) Hldel (Exdrding PPSPI 5.110 5.457
(b) PPSP (hduding Transtomation bss) 18.28 3 14.767
Total: 23-393 21.221
4.O t{et Generation in ltal(i\H (3-4)
(a) Hydel (E-Idrding PPSP) so5.898 544.246
(c) PPSP lo57 l8a 1085.177
(d) Solar 54.707 35.450
Tot.l: 162r.793 1660.913
5.0 Energy lnjected to IIBSETCL System ftom PoE Generation 1532.313 1s99.218
6-0 En€rgy lnjected to U\ASEDO- S!'stern frfin Porer Generatirt 89.440 61.695
Total Generation: l62l -793 1660.913
7.O Energy lrFcted to ISSEICL SFtem from poEr purchaie
7.1 Centr.l Secto.s (IrlUll)
NTPC 5283.44s 5249.341
HPC (Rangt +Teesb V + II-DP ]+III)P M) 2M7.49 1957.481
PTC (lhabua) 538.192 22_777
PTC (ChuEE & Kuridh) 572.163 504.332
FfC fiala HEP) 1031.288 971.669
Prc-T& K 57 5.677 516,721
Prc (airdkash) 556.060 60.409
Prc (Uangdedhu) 322.134 0.000
TPTCL (Dagadru) 512.701 16.991
Nv\/ L Brrdle PoGr (solar& Thermal) 439.890 490.136
DVC Grid SWply (iaejia-V,RTPS) t447.441 296.793
Kanti Bijli 192.371 191.642
S ub tota I 11318.977 ro774.292
7.2 State Sectors (HKtH,
UAPDCL 19116-729 20370.962
DPL ls2-688 709.594
5ub total 21099.417 2loao.556

9.1
7.3 Short Term (ltK*l )
431.738 0.000
Prc 154.886 103.417
IPTCL 756.9r6 \2.426
DVC i157.508 942.403
APPCL 0 62.]m
AEL 0 0.000
I{H PC 0 21.24
Flgrc 7.513 0.000
hdian Porer Exdlange Limited 2019.579 2630.921
PoEr Exdtange of hdia Limted 84.720 70.539
DB PorEr 15.227 0.000
SrEp PoEr (lN) 681.456 23 3.5r0
Sub total ,+609.6,+3 44f2 lAA
7.4 PriYate Sectors( il XwH )
Electrosteel 28.153 49.688
Neora Hydro 7.376 8.085
Nippon PovEr 5,56r 11.475
Tafd PoEr (Hooghly liet Coke) 0.000 36.223
Himadrichemical 35.322 51.1,16
ReshmiCement 14.ll9 1 .7AO
Concast 4.49 5.139
Bengal Energy Limited 224.931 173.499
APN RL 398.830 4Il.2.737
Hiranmottee 29.116 72.622
solkaie 6,992 1.900
Reshmi tspat Linted 8-240 0.000
IPTCL (UtlEn Right Bank) 1464.608 1855.001
Sub-Total 2217 .9)A 2755.295
Total (?.1+7.2+7.3+7./t) 1L275.975 385/16.931
8,0 Energy hiected to HSEDCL SFtem ftom Poter Purchase
8.1 Central Sectors (IXSI)
Dvc (Radial [Link]) 545.804 549.877
harlrEnd BiliVtardn igam Ltd o.t22 0.096
Assam PoEr DisEibutbn Ccn pany LiIl ted 0.638 o.521
Golt of Sikkin 0.375 o.297
SuFTotal 5il6 939 550.797
4.2 State Sectors (XKWH)
DPL (Radiall{ode) 0.000 52.513
Sub Total 0.000 52.513
8.1 Private Sectors(,.fWH )
cfsC (RadialMode) 8.467 t2.616
S ub*Total at67 12.516

,. co a
r$.

ii:

95
8-4 Xon Conventbnal Source of Energy
UBREDA (Fralerganl) 0.044 0.o23
Sub-Totil o.o11 o-o23
Total (4.1+4.2+4.3+4.41 555.,150 5t6.O09
9-0 Porer Drar under Ul mode (Ul lX) 540.565 75A.570
lo-o Total Pocr Purchase (7+8+9) 42i+11.99O 399ll.5lO
ll-0 Grid Loss(hter State crld) 294.509 231.555
l2.o Gross Energy [Link] ffisETCL SFtem (5+?+9-11) il3O!,1.34/t ,4068:r I s:r.

l3.o [Link] Los5 h HSETCL SFtem (XU) 1il55.208 7343.221

14.0
[Link] Loss Lr ESETCL SFtcm a5 a rf oI
3-1l() 3,1U)
13/[Link] )
(

l5.o Gross Energy [Link] at ESEDCL [Link] trom

mSETCL System( l2- 1:!) 41529.1f6 39299-926
16.0 Energy Outgo fiom mSETCL SFtem
Sale to peEon ot rer thEn lkerBee & consurer hdridhg
1253.004 1857.600
Transm lssion l6s
Sale to Silddn 45 )57 43.442
BUk Supdy to Llcensee ttofi S)6tem (CfSC,DPl-DVC)
\TIBSEDCL 5.810 70.079
Pumphg PoEr tD PPSP hdudkE Transmtaslon & Transtormatbn
1504.192 l5/+4,323
bss
Smp PoEr (outl hcludlng Transmissbn loss 86/+. a/+A t 76.139
Encrgy Outgo und.r Ul mode (Ul [Link] hchldhg
Tranimls5bn losi 247.909 212.517
Transmisslon bss br sale to Slklm & lkensee at EHV 1.797 3.996
Tota I 3963.117 f90a.225
17.0
l{et [Link] [Link] .t ESET CL boundary from 37556-Ol9 35391.700
HSETCL SFtetn(l'16)
r8.0 Energy ln ected .llecuy to WBSEDCL SFtem(6+a) 5rl4 -93O 677.701
19.0 Energy Rccelved for [reelhg at 33 KV r55.:too 5l.l9a
20.0 Total Energy [Link] ln ESEDCL System(17+14+ 19) 14466.249 36120-602
21.0 Total Utltatloh(XKWtl )
2I.I Bdk Supply to UcerL5ee from DisL S),stem (DPSC) 20.517 f8.404
2t.2 sale to BSEDCLo!| Consumer
Centralbed Bulk
12021.507 lo3l7 a93
[Link] Bulk
L&MV 19047.693 17360.22L
Sub-Tobl 31109.200 27674.1t4
2r-3 Unlb Yfteeled 153.653 17.6
21.4 Addruonal unt albred for v$eelhg r.647 3.534
24.5 Utlized h ou.| premlses ofUlBSEDCL 71.000 57.79
Tot l (21.1+21.2+21.3+21.4+21.5) 31356.017 27825 _156
23.O Dlst tutlon Loss([U) (2O-2U 711o.232 4295,r36
24.O Dlsttbution toss as perEent ge lA.it8 22.97
&C i)

A cg

96