9 Months Results
29 Gennaio 2002 - 6:03PM
UK Regulatory
RNS Number:6738Q
CESC Ld
29 January 2002
Letter to: Company Announcements Office
We enclose for your record a copy of the Unaudited Financial Results
(Provisional) of the Company for the quarter ended 31 December, 2001 which have
been taken on record at a meeting of the Committee of the Board of Directors
held today.
Letter from: CESC Limited
Unaudited Financial Results (Provisional) for three months ended 31st December, 2001
Three months Three months Nine months Nine months Year
ended ended ended ended ended
31.12.2001 31.12.2000 31.12.2001 31.12.2000 31.3.2001
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
(1) (2) (3) (4) (5)
Rs. Crores
1 Net Sales 446 439 1421 1422 1757
2 Prior Period Adjustment 57
3 Other Income 17 24 53 63 85
Total 463 463 1474 1485 1899
4 Total Expenditure:
(a) Fuel Cost 149 130 474 440 571
(b) Personnel Cost 51 48 154 144 197
(c) Power Purchase 73 64 267 214 305
(d) Others 78 65 222 198 262
5 Interest 102 110 320 323 428
6 Profit before Depreciation 10 46 37 166 136
7 Depreciation 80 77 240 230 308
8 Profit/(Loss) before tax (70) (31) (203) (64) (172)
9 Provision for Taxation 0 0 0 0 0
10 Net Profit/(Loss) (70) (31) (203) (64) (172)
11 Paid-up Equity Share Capital 58 58 58 58 58
(Shares of Rs.10 Each)
12 Net Reserves (excluding
Revaluation Reserve of
Rs. 1372 Crores) as per
Balance Sheet as
on 31 March 2001 151
13 EPS (Rs.)
- Basic & Diluted (12.12) (5.37) (35.15) (11.08) (29.78)
Notes :
1. Tariff revision awards for 2000-01 and 2001-02 were finalised by the West
Bengal Electricity Regulatory Commission on 7 November, 2001. The Company has
preferred an appeal in the Hon'ble Calcutta High Court against such tariff
revision awards. Based on the judgement of the Hon'ble High Court, the above
results may undergo changes and, therefore, provision for deferred taxation, if
any, could not be made.
2 Results for the previous periods appearing in Columns (2) and (4) have not
been recast on the basis of 2000-01 tariff revision award and hence figures in
the said Columns are not strictly comparable.
3 The Company is engaged in generation and distribution of electricity and
does not operate in any other reportable segment.
4 Auditors' Report on the latest audited accounts for the year 2000-01
included reference to some unprovided claims of Damodar Valley Corporation/West
Bengal State Electricity Board and shortfall in corpus of gratuity fund. The
Company has followed the same basis of accounting in respect of these matters
while preparing the above results.
For CESC Limited
S. Banerjee
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