1. The document provides details of the capital cost, depreciation calculations, and balance sheet of U.P. Electric Ltd. for the year ending March 31, 2012. It includes the opening and closing capital costs, additional capitalization, average capital cost, depreciation rate and annual depreciation amount for various years.
2. The balance sheet shows shareholders' funds of Rs. 16,250 thousand, non-current liabilities of Rs. 10,000 thousand, current liabilities of Rs. 4,656 thousand and non-current assets of Rs. 27,490 thousand, current assets of Rs. 8,387 thousand totaling the equity and liabilities.
3. Notes to the
1. The document provides details of the capital cost, depreciation calculations, and balance sheet of U.P. Electric Ltd. for the year ending March 31, 2012. It includes the opening and closing capital costs, additional capitalization, average capital cost, depreciation rate and annual depreciation amount for various years.
2. The balance sheet shows shareholders' funds of Rs. 16,250 thousand, non-current liabilities of Rs. 10,000 thousand, current liabilities of Rs. 4,656 thousand and non-current assets of Rs. 27,490 thousand, current assets of Rs. 8,387 thousand totaling the equity and liabilities.
3. Notes to the
1. The document provides details of the capital cost, depreciation calculations, and balance sheet of U.P. Electric Ltd. for the year ending March 31, 2012. It includes the opening and closing capital costs, additional capitalization, average capital cost, depreciation rate and annual depreciation amount for various years.
2. The balance sheet shows shareholders' funds of Rs. 16,250 thousand, non-current liabilities of Rs. 10,000 thousand, current liabilities of Rs. 4,656 thousand and non-current assets of Rs. 27,490 thousand, current assets of Rs. 8,387 thousand totaling the equity and liabilities.
3. Notes to the
1. The document provides details of the capital cost, depreciation calculations, and balance sheet of U.P. Electric Ltd. for the year ending March 31, 2012. It includes the opening and closing capital costs, additional capitalization, average capital cost, depreciation rate and annual depreciation amount for various years.
2. The balance sheet shows shareholders' funds of Rs. 16,250 thousand, non-current liabilities of Rs. 10,000 thousand, current liabilities of Rs. 4,656 thousand and non-current assets of Rs. 27,490 thousand, current assets of Rs. 8,387 thousand totaling the equity and liabilities.
3. Notes to the
Closing balance Rate of Depreciation Particulars at cost depreciation (Rs.) (Rs.) Land a. Freehold 3,.34,900 0 - b. Leasehold 1,07,275 3.34% 3,598.02 Buildings 18,82,475 3.34% 61,545.35 Railway Skiing 5,850 3.34% 195.39` Plant and Machinery - - a. Steam Station 70,82,475 5.28% 3,73,954.68 b. Others including ”Switchgears and transformers” 51,44,725 5.28% 2,71,641.48 Transmission and Distributing Systems a. Overhead 10,60,725 5.28% 56,006.28 b. Underground 42,24,025 5.28% 2,23,028.52 Electrical Fittings and Apparatus 1,25,325 6.33% 7,933.07 Furniture, Fixture and Office Equipments 1,75,900 6.33% 11,134.47 Vehicles 53,700 5.28% 2,835.36 Total (other than land) 19,823,125 1,011,872.62
1,011,872. 62 Weighted average rate of depreciation = x 100 = 5.10% ( Approx.) 19,823,125
PROBLEM No. 2 Name o the Power Station Excellent Power Generation Project th Date of commercial operation / Work completed date 11 January, 1995 st Beginning of current year 1 April, 2010 Useful life 35 years Remaining useful life 20 years (Rs. in Crores) S.No. Particulars 2010.11 2011.12 2012.13 Capital cost at beginning of the year (in Rs.) 166.27 166.27 166.99 Additional capitalization during the year (in Rs.) - 0.72 6.11 Closing capital cost (in Rs.) 166.27 166.99 173.10 1. Average capital cost 166.27 166.63 170.05 2. Less: Value of Land - - - 3. Capital cost for depreciation (in Rs.) 166.27 166.63 170.05 4. Depreciable value (90% of 3) (in Rs.) 149.64 149.97 153.05 5. Depreciation recovered upto 2008-09 (in Rs.) 72.07 - - 6. Depreciation recovered in 2009-10 (in Rs.) 4.77 - - 7. Depreciation recovered upto previous year (5+6) (in Rs.) 76.84 80.48 84.14 8. Balance depreciation to be recovered (in Rs.) 72.80 69.49 68.91 9. Balance useful life out of 35 years (in years) 20 19 18 10. Yearly depreciation from 2010-11 (8/9) (in Rs.) 3.64 3.66 3.83 11. Depreciation recovered upto the year (7 + 10) (in Rs.) 80.48 84.14 87.97 IPCC__33e_Accounts_Group-II_Electricity Company A/c’s_Assignment Solutions____1 Ph: 9885125025/26 www.mastermindsindia.com Note: Capital cost at the beginning of the year and accumulated depreciation are as per tariff order Financial Year 2010-11.
PROBLEM No. 3 a. Average Capital cost:
2010-11 2011-12 2012-13 2013-14
Particulars Rs. Rs. Rs. Rs. Opening capital cost (A) 2,84,330.74 3,04,175.32 3,09,748,62 3,13,615.70 Additional capital expenditure (allowed above) (B) 19,844.58 5,573.30 3,667.08 3,015,70 Closing Capital cost (A) + (B) 3,04,175.32 3,09,748.62 3,13,615.70 3,16,631.40 Average Capital cost 2,94,253.03 3,06,961.62 3,11,662.16 3,15,123.55
b. Depreciation: Annual weighted average rate of depreciation is considered as 5.28% and retained for the purpose of tariff. The necessary calculations are as under:
2010-11 2011-12 2012-13 2013-14
Particulars Rs. Rs. Rs. Rs. Average capital cost 2,94,253.03 3,06,961.97 3,11,682.16 3,15,123.55 Weighted Average Rate of depreciation% 0.0528 0.0528 0.0528 0.0528 Depreciation (annualized) 15,536.56 16,207.60 16.456.82 16.638.52
PROBLEM No. 4 Balance Sheet of U.P. Electric Ltd. for the year ended March 31, 2012 Particulars Note No (Rs.’000) Equity And Liabilities: 1 Shareholders funds a Share capital 1 16,250 b Reserves and Surplus 2 5,600 2 Non-current liabilities a Long-term borrowings 3 10,000 3 Current liabilities - a Trade Payable 1,631 b Other current liabilities 4 3,025 Total 36,506 Assets: - 1 Non-current assets - a Fixed assets - i Tangible assets 5 27,490 ii Intangible assets 626 Other non-current assets 6 3,002.5 2 Current assets - a Inventories 3,012.5 b Trade receivables 1,561.5 c Cash and cash equivalents 813.5 Total 36,506
IPCC__33e_Accounts_Group-II_Electricity Company A/c’s_Assignment Solutions____2
No.1 for CA/CWA & MEC/CEC MASTER MINDS Notes to financial statements
S.No. Particulars Rs. Rs. (‘000)
1. Share Capital Issued & subscribed Equity share capital 10,000 Equity shares of Rs.10 each 10,000 - Add: 2,50,000 Equity shares of Rs.10 each issued during the year (A) 2,500 12,500 Preference share capital 62,500 14% Preference shares of Rs.100 each Less: 25,000 Preference shares of Rs.100 each 6,250
Redeemed during the year (B) (2,500) 3,750
Total (A + B) 16,250
2. Reserves and Surplus
Capital reserve 1,255 Contingency Reserve 3,007.5 Balance of net return A/c 1,337.5 Total 5,600
3. Long term borrowings:
Secured 15% Debentures 6,175 16% Term Loan (considered secured) 3,825 Total 10,000 4. Other Current liabilities: - Proposed dividend 3,025 Total 3,025 5. Tangible assets: Land 2,600 Addition during the year 512.5 3,112.5 Building 7,513.5 Addition during the year 1,270 8,783.5 Plant and Machinery Steam Power Plant 14,264.5 Transformers 4,110 Mains 1,131 Meters 787.5 Public Lamps 760 21.053 General Equipments Electrical Instruments 382.5 Office Furniture 612.5 998 33,944 Less: Depreciation fund (6,454) 27,490 6. Other non-current assets Contingency Reserve Investment (assumed as non- 3,002.5 current item)
THE END
IPCC__33e_Accounts_Group-II_Electricity Company A/c’s_Assignment Solutions____3
