JODHPUR VIDYUT VITRAN NIGAM LTD. ANNUAL STATEMENTS OF ACCOUNTS

Transcription

1 JODHPUR VIDYUT VITRAN NIGAM LTD. ANNUAL STATEMENTS OF ACCOUNTS

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6 I. SIGNIFICANT ACCOUNTING POLICIES Company Overview JODHPUR VIDYUT VITRAN NIGAM LIMITED (JDVVNL/Jodhpur Discom) a company under the Companies Act, 2013 and registered with Registrar of Companies established on 19 July, 2000 by Govt. of Rajasthan under the provisions of the Rajasthan Power Sector Reforms Act, 1999 as the successor company of RSEB. JdVVNL is engaged in distribution and supply of electricity in 10 districts of Rajasthan, namely Jodhpur, Pali, Sirohi, Jaisalmer, Barmer, Hanumangarh, Sriganganagar, Bikaner, Churu and Jalore as well as Ladnu tehsil of Nagaur district. 1 General: - The Financial Statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) and applicable provisions of Electricity Act, 2003 under the historical cost convention on the accrual basis except those with significant uncertainty. GAAP comprises mandatory Accounting Standards as prescribed by the Companies (Accounting Standards) Rules, 2006 and the provisions of the Companies Act, Accounting policies have been consistently followed except where accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use or management decides otherwise on the basis of merits of facts. Use of Estimates: The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as soon as the Management becomes aware of changes in circumstances affecting the estimates. Changes in estimates are reflected in the financial statements in the period in which changes have taken place. 3 Fixed Assets and Capital work in progress: (a) The Fixed Assets have been taken at the transfer price in respect of the assets transferred by the State Govt. vide Gazette Notification dated and and those created subsequently by the company at standard cost including appropriate expenses Capitalized less depreciation thereof. (b) A Block Assets register showing the categories of Fixed Assets as on (i.e. the transfer date), their lives and the amount of depreciation charged / withdrawn year wise in respect of erstwhile RSEB has been maintained by RRVPNL till F.Y , and there after it is transferred to concerned Discoms, hence depreciation charged accordingly. (c) As per the accounting policy followed by the Company, consumer contribution, grants and subsidies (including BPL subsidy under RGGVY ) towards cost of capital assets, which are accounted for on Cash basis are transferred to deferred income and the same is being amortized in 25 years. (d) i) Capital expenditure incurred under RGGVY scheme, during the year has been transferred to fixed assets fully and for the purpose of calculation of depreciation, amount to the extent of month wise is considered. ii) Other than works under RGGVY scheme, the works completed at different dates have been transferred to fixed assets duly certified by the circle SEs. (iii) The details/inventory of closing CWIP (incomplete work order wise with value) are prepared (Sub-division & Circle wise) based on as per SINs of material issued for capital works plus erection charges paid with reference to CLRC work orders, value of incomplete TW, Civil works and Ground balances. (e) (f) Fixed assets retired from active use and held for disposal is shown as Assets not in use and same is valued at 10% of the latest auction rates. In absence of specific detailed records for bifurcation of Employees Cost and Office & Administration expenditure attributable to capital works or O&M works, capitalization of Employees cost and Office & administration expenditure is made in the following manner to keep uniformity in adherence by the accounting units :

7 (g) (h) (i) (j) (k) M.M. TW All O&M Circles, EA-Cash Name of the accounting units Capitalization of Employees Cost (Excluding Terminal benefits) and Office & Administration Exp. 90% 100% 30% Amount arrived on above basis have been amortised on proportionate basis on all works except turnkey works, no expenses in this account have been capitalised on turnkey works. Materials lying at site for capital works are being shown as Capital Work in Progress. Expenditure on renovation and modernization of fixed assets resulting in increased life and/or efficiency of an existing asset is added to the capital cost of the related assets. Cost of the land is capitalized after allotment and possession taken over by the Company. Consumer Contribution for Service Connection & Line, Capital grants and subsidies towards cost of capital assets & Connectivity have not been reduced from the cost of assets. The same has been treated as Deferred Revenue Income which is being written off in 25 years from the year of receipt. The Depreciation pertaining to such fixed assets is fully charged to revenue. Contribution received from various organisations/government bodies towards capital works has been shown under the head "Deposit For Electrification". The same has been transferred to Consumer Contribution for Service Connection & Line on completion of respective work & subsequently being written off in 25 years. 4 Depreciation and amortization: (a) Depreciation on fixed assets is charged on Straight Line Method and allocated over the useful life of the asset. The fixed assets are depreciated up to 90% of the original cost. (b) Depreciation on addition/deductions from fixed assets during the year is charged on pro rata basis from the month in which the asset is available for use. (c) Till , depreciation on the assets has been charged at the rates notified by the Govt. of India under the Electricity (Supply) Act, 1948 vide notification No.S.O.266 (E), dated From the FY , the depreciation on the assets has been charged at the rates notified by the Forum of Regulators on dated in pursuance to Para 5.3(c) of the Tariff Policy issued by the Ministry Of Power, GOI on dated and duly accepted by the RERC. From F.Y , the provisions and methodology of depreciation/amortization prescribed in RERC Tariff regulations have been adopted. Consequently, useful life of the assets/depreciation rates in respect of fixed assets acquired upto 31st March, 2014, have been recalculated so that balance depreciable amount is charged over the revised remaining useful life of the assets. The rates/useful life as applied for depreciation are different from the rates prescribed under Schedule II to the Companies Act, The rates applied for depreciation are as under:- S.No Rate of Depreciation Building 3.34% Other Civil Works 3.34% Plant & Machinery 5.28% Lines & Cable Networks 5.28% Vehicles 9.50% Furniture & Fixtures 6.33% Office Equipment 6.33% IT Equipment 15.00% IT/SCADA software 9.00% (d) (e) (f) No depreciation is charged by the company on the assets which had been sold and taken back on lease keeping in view the terms of agreement entered into by erstwhile RSEB with lessors. Cost of Lease hold land acquired during company period is amortized over the period of 99 years. Depreciation on the assets transferred through Financial Restructuring Plan (FRP) by the State Government i.e. as on is charged on the block of the assets at the general applicable rate approved by the RERC.

8 5 6 Borrowing Costs: The interest on borrowed funds attributable to acquisition/construction of fixed assets, till commissioning of such assets, has been capitalized. During the year, the actual interest on long term funds for a period of FOUR months has been allocated on fixed assets under construction considering the construction period as FOUR months. Stores and Spares: (a) The Inventories are being held for use in Capital works partly for O&M works and not for sale. Therefore, in view of the paragraph 24 of the AS 2- (Revised), requirement of valuation of Inventories at the lower of Cost and net realizable value is not applicable. (b) (c) All receipts and issues from stores are valued at Standard Issue Rate. The difference in actual cost of material received and standard issue rate represents "Material Cost Variance" (MCV). Balance of Material Cost Variance has been transferred to Fixed Assets in the ratio of opening CWIP plus addition during the year to transfer to Fixed Assets in transformers and lines only. (d) Inventories of Misc. Scrap & Empties are not valued being insignificant. 7 Revenue Recognition: (a) Revenue from sale of power has been accounted for on accrual basis. (b) Sale of energy to the consumers is accounted for on the basis of tariff rates as notified by the RERC from time to time. 8 9 (c) (d) (e) (f) (g) (h) The Surcharge for delayed / non-payment of dues by sundry debtors for sale of energy is recognized when it becomes due on account of non- payment. Provision for unbilled Revenue from sale of power is made for the period of 31 days in case of Large Industrial, MIP, SIP (U) consumers and on a proportionate basis of 56.5 days in case of other consumers, as per the decision taken in the 48th Co-ordination Committee meeting. Sale of Energy through IEX/PXIL has been accounted for on accrual basis and shown separately in the Sub Note 21.1 of Statement of Profit & loss. Past Billing adjustments have been accounted for in current year's revenue. Interest on dues from consumers after date of disconnection is accounted for on receipt basis. Recoveries of theft of power/malpractice have been treated as revenue income of the year in which the assessment has been finalized and debited to consumers account. Deferred Revenue Expenses: Deferred Revenue Expenses are written off equally over a period of five years and charged to revenue. However, deferred revenue expenses pertaining to restructuring of high cost loans are being written off in the ratio of saving accrued on such loans over the currency of the loans except in case of PFC/REC loans, which is being written off equally over the remaining period of currency of loans. Employee Benefits: The employee benefits are accounted for as per the provisions of AS 15 on the basis of categories in which the employees are covered namely defined contribution plan & defined benefits plan. In respect of benefits covered under the defined contribution plan namely the provident fund, the employer contribution paid with the PF commissioner is recognized as the expenditure of the year. In respect of the benefits covered under the defined benefit plan namely pension and gratuity, the expenditure is recognized on the basis of present value of obligations as on the date of balance sheet as per the actuarial valuation. 10 Government Grants, Subsidies and Subventions (a) Subvention against ED is accounted for on the basis of sanctions received from GOR to the extent of overall E.D payable in the books of accounts remaining amount of sanction, if any, shall be recognized in forth coming year. Cash support and Subsidy against interest etc. are accounted for on basis of sanction received from GOR. (b) Differential Interest Subvention on World Bank loan and subsidy against interest on bonds are being accounted for on accrual basis.

9 (c) Keeping in view the commitment of GoR in Financial Restructuring Plan (FRP), 2005 and reiterated vide MoU executed on dated , Revenue Gap upto Rs crore has been depicted as subvention receivable from the State Government. However, considering the subvention disbursement schedule decided in the State Cabinet meeting dated and also recognized in FRP-2013 Rs.2303 crore which would remain unfunded till 2022 has been reversed and shown as loss in FY Thus, net Rs crore has been considered as subvention receivable from the State Government against which committed amount is being disbursed by the GoR regularly Impairment of Assets: The Management has periodically assessed using internal sources, whether there is an indication that an asset may be impaired. An impairment loss is recognized wherever the carrying value of an asset exceeds its recoverable amount. The recoverable amount is higher of the asset s net selling price and value in use, which means the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. An impairment loss for an asset is reversed if, and only if, the reversal can be related objectively to an event occurring after the impairment loss was recognized. The carrying amount of an asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years. Provision, Contingent Liabilities and Contingent Assets: A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Contingent liabilities are not provided for in the accounts and are separately shown in the Notes on Accounts to the extent ascertained. Contingent assets are neither recognized nor disclosed in the financial statements. Cash Flow Statement: Cash Flow Statement is prepared in accordance with the indirect method prescribed under the provisions of Accounting Standard 3-Cash Flow Statement. 14 Taxes on Income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized on timing difference; being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Where there is unabsorbed depreciation or carry forward losses, deferred tax asset are recognized only if there is virtual certainty of realization of such assets. Other deferred tax assets are recognized only to the extent there is reasonable certainty of realization in future. 15 Earning per share: Basic earning per share is computed by dividing the profit/(loss) after tax (including the post tax effect of extra ordinary items, if any) by the weighted average number of equity shares outstanding during the year. 16 Miscellaneous (a) Expenses on training and recruitment, research and development are charged to Statement of Profit & loss. (b) (c) (d) (f) (g) (h) Expenses relating to obtaining finance are charged to Statement of Profit & loss in the year in which these are incurred. Interest on loans and advances to staff are recovered on completion of recovery of principal amount and credited at the time of computation of interest amount /clearance of dues. Amount received from other distribution companies on account of exchange of power is netted off from the cost of Power Purchase. Fixed assets (except vehicles)are not insured. Cash including Cash in transit and Circle stores are insured. The provision for bad and doubtful debts has been considered adequate to the extent of 50% of amount of sundry debtors for Nigam s dues (PDC) by the management. The provision for loss due to theft of fixed assets have been considered equivalent to the book value of stolen fixed assets and same have been depreciated to the extent of 50% of its value. Accordingly loss to the extent 50% amount have been booked into statement of profit & loss from FY

10 II. NOTES TO THE FINANCIAL STATEMENTS AS ON 31ST MARCH, 2016 SHAREHOLDERS' FUNDS JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 1 :- Share Capital Account Code As at As at Authorised Share Capital 1200,00,00,000 Equity shares of Rs. 10 each Issued,Subscribed & Paid Up Share Capital 492,59,97,000 Equity shares of Rs.10 each 1,20,00,00,00,000 60,00,00,00, ,25,99,70,000 35,87,42,42,000 49,25,99,70,000 35,87,42,42, The Company has only one class of shares referred to as equity shares having a par value of Rs. 10. Each holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company. 1.2 In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after the distribution of all preferential amounts. 1.3 Reconciliation of the number of Equity shares At the beginning of the year Add: Interest Free Loan Converted into Equity Add: Conversion of Bonds in to Equity Add: Issued during the year in cash At the end of the year Number of Shares Year Year ,58,74,24,200 3,29,40,90,000 30,81,90,000-64,34,02,800-38,69,80,000 29,33,34,200 4,92,59,97,000 3,58,74,24, The Company is a Government Company with 100% share holding by the Government of Rajasthan and it's nominee. All shares are issued at par of value Rs. 10 each and are general equity share having equal rights for dividend and vote.

11 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 2:- Reserves & Surplus Account Code As at As at (a) Reserve for Material Cost Variance Opening Balance 22,56,56,858 32,80,63,217 Add: Difference of Standard rate & Actual Rate -28,39,74,591 7,16,05,017 Less: Transfer during the Year 3,23,54,678 17,40,11,376 Closing Balance -2,59,63,055 22,56,56,858 (b) Other Reserves Opening Balance (Refer Note No. 2.2) 17,31,35,069 17,31,35,069 (c) Capital Reserve Opening Balance 57,15,521 57,15,521 Add: Profit/Loss transferred from Statement of Profit & Loss 0 0 Closing Balance 57,15,521 57,15,521 (d) Surplus Opening balance (2,67,36,45,07,306) (2,25,90,32,85,128) Add: Profit/Loss transferred from Statement of Profit & Loss (32,73,86,55,265) (41,46,12,22,178) Closing Balance (3,00,10,31,62,571) (2,67,36,45,07,306) (2,99,95,02,75,036) (2,66,95,99,99,858) 2.1 Material Cost Variance is transferred to fixed assets in the ratio of assets completed during the year. 2.2 Other Reserves show the balance on account of Allocation error at the time of unbundling of RSEB in the year :- Share Application Money Pending Allotment Account Code As at As at Opening Balance ,74,81,28,000 Add: Interest Free Loan Converted into Equity 3,08,19,00,000 Add: Issued during the year in cash 4,00,42,00,000 4,07,50,70,000 Add:Released by way of conversion against bonds 18,31,57,39,000 5,60,64,00,000 Less:Share Capital issued during the year(refer note 3.2) (13,38,57,28,000) (2,93,33,42,000) Closing Balance 18,76,42,39,000 6,74,81,28, The Company is having share application money which is pending for allotment Rs. 18,764,239,000 (Previous year amount Rs. 674,812,800 ) shares at par Rs. 10 each to Government of Rajasthan. GoR has not released the freezed amount of Rs crore (PY NIL) from opening share application money pending alotement so shares could not be issued of that amount. 3.2 Details of share issued during the year As at As at Interest Free Loan Converted into Equity 3,08,19,00,000 Issued during the year in cash 3,86,98,00,000 2,93,33,42,000 Issued from last year's pending alotment 6,43,40,28,000 Closing Balance 13,38,57,28,000 2,93,33,42,000

12 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 4:- Deferred CC & SL /Subsidy /Grants Opening Balance Add: Transfer from Deposit Works during the year Less: Adjustment of previous year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (v) Consumer Contribution for Service line Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (vi) Consumer Contribution for Service line Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (vii) Consumer Contribution for Service line Opening Balance Add: Transfer from Deposit Works during the year Closing Balance Deferred Govt. Grants, Subsidies, Contributions Deferred Income (i) Consumer Contribution for Service Line Opening Balance Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (ii) Consumer Contribution for Service line Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (iii) Consumer Contribution for Service line Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (iv) Consumer Contribution for Service line Less: Deferred Income Transferred to Statement of Profit & loss (viii) Deferred Revenue for Power Reforms Opening Balance Less: Transferred to Statement of Profit & loss Closing Balance Account Code As at As at ,04,24,99,754 7,49,20,00,836 44,95,01,083 44,95,01,082 6,59,29,98,671 7,04,24,99,754 1,48,46,19,534 1,55,88,50,509-7,42,30,975 7,42,30,975 1,41,03,88,559 1,48,46,19,534 2,09,20,40,929 2,19,17,00,289 9,96,59,360 9,96,59,360 1,99,23,81,569 2,09,20,40,929 2,32,76,05,568 2,43,32,45,828-10,56,40,259 10,56,40,260 2,22,19,65,309 2,32,76,05,568 3,75,16,71,368 3,91,47,87, ,31,16,147 16,31,16,149 3,58,85,55,221 3,75,16,71,368 2,74,00,14,417 2,85,41,81,686 11,41,67,269 11,41,67,269 2,62,58,47,148 2,74,00,14,417 3,21,07,29,330 12,84,29,175 3,08,23,00,155 8,30,57,280 8,82,48,360 51,91,080 51,91,080 7,78,66,200 8,30,57,280

13 (ix) Deferred Income Cost capital Subsidy Opening Balance Less: Transferred to Statement of Profit & loss Closing Balance ,76,40,449 1,91,85,419 15,44,970 15,44,970 1,60,95,479 1,76,40,449 (x) Deferred grant capital Assets Opening Balance 1,83,17,87,667 1,94,55,46,098 Less: Transferred to Statement of Profit & loss 11,37,58,431 11,37,58,431 Closing Balance 1,71,80,29,236 1,83,17,87,667 (xi) Deferred Revenue Income from Govt. Grant Opening Balance Add: Addition made during the year 77,74,15,809 81,47,58,502 - Less: Transferred to Statement of Profit & loss 3,73,42,693 3,73,42,693 Closing Balance 74,00,73,116 77,74,15,809 (xii) Capital Grant For Connetivity Opening Balance Add: Addition made during the year - 2,61,19,12,842 - Less: Transferred to Statement of Profit & loss 10,44,76,514 - Closing Balance 2,50,74,36,328-26,57,39,36,991 22,14,83,52, Amount received from consumers against new connection is credited to Consumers Contribution towards Service Line account immediately without waiting for completion reports & being written off in 25 years. 4.2 Amount of Rs crore (PY Nil) capital grant for connectivity and amount of Rs crore (PY : NIL) Capital grant for RGGVY Works have been received during the year which has been amortized 1/25th of the total amount received during the year as per the policy stated at Significant Accounting Policies- 3(j).

14 NON- CURRENT LIABILITIES 5 :- Long-Term Borrowings JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Details As at Details As at A. Term Loans From Banks :- Secured- See Description Note 5 (i) - 1,15,69,18,74,478 From Others :- Secured-See Description Note 5 (ii) 4,86,97,66,959 3,99,93,31,195 Unsecured-See Description Note 5 (iii) 2,05,23,21,99,387 2,10,10,19,66,346 79,07,97,41,392 83,07,90,72,587 Bonds-9.95 % ( Unsecured, Taxable, B. Redeemable, GoR guaranteed Non Convertible Bonds in the nature of Debenture) (52.110) As per FRP scheme, the State Govt. is required to take over the unsecured bonds issued (face value of Rs. 1,00,000 each) by discoms of Rs crore to various banks (Refer Note 5(i)) and power suppliers by issuing special securities in phased manner within 5 year of the scheme. ( ) Rs crore has been taken over by government as per Notification No. F5 (10) FWM/2013 dated & No. F5 (10) FWM/2013 dt during F.Y ( ) Rs crore has been taken over by GoR as per Notification No. F5 (10) FWM/2013 dated & No. F5 (10) FWM/2013 dated during F.Y ( ) Rs crore has been taken over by GoR on dated and Rs crore has been repayment made by Discom on dated by Converting into 9.70% Bonds under UDAY Scheme notified by GoI vide letter dated Bonds- 9.70% ( Unsecured Taxable, C. Redeemable, Non Convertible Bonds in the nature of Debenture) As per UDAY Scheme notified by GoI dated Discom has repaid their WCTL loan of banks Rs crore and 9.95 % bonds of Rs Crore total amounting to Rs cr. by converting into 9.70% bonds on dated Againt this, the GoR has taken over Rs crore loan of OBC and Indian bank and Rs cr against 9.70% bonds on dated by way of Equity Rs cr. and Rs cr loan under UDAY. Rs crore has been repaid by Discom on dated due to round off of Bonds. 2,78,49,00,000 39,78,48,00,000 38,88,37,00,000 2,51,77,05,66,346 2,38,55,57,47,065

15 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5 (i) : Descriptive details of Term Loan from Banks - Secured S. Account No. Code (i) ICICI Bank Term Loan I Earlire it was repayable in 7 Yearly installments of Rs. 1,19,09,524 upto First Installment was payble from Term Loan II Earlire it was repayable in 7 Yearly installments of Rs. 1,35,71,429 upto First Term Loan III Earlier it was repayable in 7 Yearly installments of Rs. 64,28,571 upto First Term Loan IV The entire loan has been converted into Discom bonds and taken over by GoR on dated Eariler it was repayable in 7 Yearly installments of Rs. 2,12,42,857 upto & First Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 yearly installment of Rs. 14,500,000 upto & First Installment would have been payable from 23rd of Oct Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 yearly installment of Rs. 3,400,000 upto & First Installment woyld have been payable from 19th of Dec As at As at ,33,66,666-9,50,00,000-4,50,00,000-14,87,00,000-10,15,00,000-2,38,00,000 Sub (i) - 49,73,66,666 (ii) Allahabad Bank Term Loan I - 33,33,00,000 Earlier it was repayable in 7 yearly installment of Rs. 4,76,14,286 upto & First Installment was payable from 31st of March Term Loan II Earlier it was repayable in 7 yearly installment of Rs.7,14,28,571 upto & First Installment was payable from 31st of March Term Loan III The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 yearly installment of Rs. 1,17,57,143 upto & First Installment was payable from 31st of March Term Loan IV Earlier it was repayable 7 yearly installment of Rs. 7,75,00,000 upto First Installment was payable from 31st of March Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installment of Rs.5,29,00,000 upto & First Installment would have been payable from 30st of Sept ,00,00,000-8,23,00,000-54,25,00,000-37,03,00,000 Term Loan VI - 8,68,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installment of Rs.1,24,00,000 upto & First Installment would have been payable from 17th of Sept.2018.) Sub (ii) - 1,91,52,00,000 (iii) State Bank of Bikaner & Jaipur Term Loan I - 1,00,00,00,000

16 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan II Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan III Earlier it was repayable in 7 Yearly installments of Rs. 3,32,85,714 upto & First Term Loan IV The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 21,80,28,571 upto & First Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installment of Rs. 14,87,00,000 upto & First Installment would have been payable from 21st of Oct ,00,00,00,000-23,30,00,000-1,52,62,00,000-1,04,09,00,000 Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installment of Rs. 34,842,857 upto ,39,00,000 & First Installment would have been payable from 15th of Sept Sub (iii) - 5,04,40,00,000 (iv) Bank of Maharastra Term Loan I - 33,66,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,80,95,238 upto First Term Loan II Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto & First Term Loan III Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan IV Earlier it was repayable in 7 yearly installment of Rs. 2,60,57,143 upto & First Term Loan V Earlier it was repayable in 7 yearly installment of Rs. 17,05,14,286 upto & First Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs.11,63,85,714 upto & First Installment would have been payable from 24th of Sep ,00,00,000-1,00,00,00,000-18,24,00,000-1,19,36,00,000-81,47,00,000 Term Loan VII - 19,09,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs.2,72,71,429 upto & First Installment would have been payable from 30th of Sep Sub (iv) - 4,21,82,66,667 (v) Dena Bank Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan II - 1,00,00,00,000

17 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan III - 19,77,00,000 Earlier it was repayable in 7 yearly installment of Rs. 2,82,42,857 upto & First Term Loan IV - 1,30,21,00,000 Earlier it was repayable in 7 yearly installment of Rs. 18,60,14,286 upto & First Term Loan V - 88,87,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 12,69,57,143 upto & First Installment would have been from 24th of Sep Term Loan VI - 20,83,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 29,757,143 upto & First Installment would have been from 18th of Dec Sub (v) - 4,59,68,00,000 (vi) Punjab National Bank Term Loan I - 30,74,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 4,39,14,286 upto & First Term Loan II - 64,28,14,286 Earlier it was repayable in 7 Yearly installments of Rs. 9,18,30,612 upto & First Term Loan III - 2,50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 35,71,42,857 upto & First Term Loan IV - 2,02,99,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 28,99,85,714 upto & First Term Loan IV - 1,39,83,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 19,97,57,143 upto & First Installment would have been payable from 20th Sep Term Loan V - 32,73,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 46,757,143 upto & First Installment would have been payable from 24th Nov Sub (vi) - 7,20,57,14,286 (vii) Vijaya Bank Term Loan I - 33,33,66,666 Earlier it was repayable in 7 Yearly installments of Rs. 4,76,23,809 upto & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan III - 13,18,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 1,88,28,571 upto & First Term Loan IV - 86,21,00,000

18 Earlier it was repayable in 7 Yearly installments of Rs. 12,31,57,143 upto & First Term Loan V - 58,93,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 8,41,85,714 upto & First Installment would have been payable from 24th Sep Term Loan VI - 13,87,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated Earlier it was repayable in 7 Yearly installments of Rs. 19,814,286 upto & First Installment would have been payable from 17th Dec Sub (vii) - 3,05,52,66,666 (viii) Syndicate Bank Term Loan I - 8,32,66,666 Earlier it was repayable in 7 Yearly installments of Rs. 1,18,95,238 upto & First Installment will start from Term Loan II - 8,32,66,666 Earlier it is repayable in 7 Yearly installments of Rs. 1,18,95,238 upto * First Term Loan III - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan V 16,63,00,000 16,63,00,000 (Repayable in 6 Half Yearly installments of Rs. 5,49,16,667 upto & secured against Escrow & Hypothecation of Assets. However amount of Rs. 16,32,00,000 has been converted into bonds and the terms of repayment has been restructured during the Financial Year and it is repayable in 7 Yearly installments of Rs. 2,37,57,143 upto First Installment has been started from ) Term Loan VI - 1,08,50,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 15,50,00,000 upto & First Term Loan VII 74,14,00,000 74,14,00,000 (Repayable in 7 Yearly installments of Rs.10,59,14,286 upto & secured against Escrow & Hypothecation of Assets. First Installment has been started from 1st of Apr.2015.) Term Loan VIII 17,38,00,000 17,38,00,000 (Repayable in 7 Yearly installments of Rs.24,828,571 upto & secured against Escrow & Hypothecation of Assets. First Installment will start from 19th of Dec.2018.) Sub (viii) 1,08,15,00,000 3,83,30,33,332 (ix) UCO Bank Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan II - 16,66,33,334 Earlier it was repayable in 7 yearly installment of Rs. 2,38,04,762 upto & First Term Loan III - 1,80,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 25,71,42,857 upto & First Term Loan IV - 1,50,00,00,000

19 Earlier it was repayable in 7 yearly installment of Rs. 21,42,85,714 upto & First Term Loan V - 44,15,00,000 Earlier it was repayable in 7 yearly installment of Rs. 6,30,71,429 upto & First Term Loan VI - 2,90,79,00,000 Earlier it was repayable in 7 yearly installment of Rs. 41,54,14,286 upto & First. Term Loan VII - 1,98,51,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 28,35,85,714 upto & First Installment would have been payable from 28th of Sept Term Loan VIII - 46,52,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 66,457,143 upto & First Installment would have been payable from 28th of March Sub (ix) - 10,26,63,33,334 (x) Indian Bank Term Loan I - 33,33,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,23,810 upto & First Term Loan II - 9,88,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,41,14,286 upto & First Term Loan III - 22,52,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,21,71,429 upto & First Term Loan IV - 10,03,00,000 Earlier it was (Repayable in 7 Yearly installments of Rs.1,43,28,571 upto & First Term Loan V 2,89,00,000 22,22,00,000 (Repayable in 7 Yearly installments of Rs.3,17,42,857 upto & secured against Escrow & Hypothecation of Assets. First Installment will start from 26th of Sep ) Term Loan VI - 5,21,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.7,442,857upto & First Installment would have been payable from 11th of Dec Sub (x) 2,89,00,000 1,03,19,66,667 (xi) Bank of India Term Loan I - 57,34,00,000 Earlier it was repayable in 7 yearly installment of Rs. 8,19,14,286 upto & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan IV - 1,33,00,00,000

20 Earlier it was repayable in 7 yearly installment of Rs. 19,00,00,000 upto & First Term Loan V - 85,66,00,000 Earlier it was repayable in 7 yearly installment of Rs. 12,23,71,429 upto & First Term Loan VI - 2,82,10,00,000 Earlier it was repayable in 7 yearly installment of Rs. 40,30,00,000 upto & First Term Loan VII - 1,92,48,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 27,49,71,429 upto & First Installment would have been payable from Term Loan VIII - 45,11,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.64,442,857 upto & First Installment would have been payable from 28th Jan Sub (xi) - 9,95,69,00,000 (xii) Canara Bank Term Loan I - 37,50,00,000 Earlier it was repayable in 7 yearly installment of Rs. 5,35,71,429 upto & First Term Loan II - 16,89,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installment of Rs. 2,41,28,571 upto First Installment would have been payable from 1st Oct Term Loan III - 3,96,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.5,657,143 upto & First Installment would have been payable from 16th Sept Sub (xii) - 58,35,00,000 (xiii) Punjab & Sind Bank Term Loan I - 16,64,33,334 Earlier it was repayable in 7 Yearly installments of Rs. 2,37,76,191 upto & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto & First Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan V - 26,36,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 3,76,57,143 upto & First Term Loan VI - 1,73,61,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 24,80,14,286 upto & First Term Loan VII - 1,18,58,00,000

21 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs 16,94,00,000 upto & First Installment would have been payable from 25th of Sep Term Loan VIII - 27,77,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs 39,671,429 upto & First Installment would have been payable from 18th of Sep Sub (xiii) - 6,12,96,33,334 (xiv) Karnataka Bank Ltd Term Loan I - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto & First Term Loan III - 9,88,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,41,14,286 upto & First Term Loan IV - 65,10,00,000 Earlier it was repayable in 7 yearly installment of Rs. 9,30,00,000 upto & First Term Loan V - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 6,34,85,714 upto & First Installment would have been payable from 24th of Sep Term Loan VI - 10,42,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 148,85,714 upto & First Installment would have been payable from 30th of Sep Sub (xiv) - 2,29,84,00,000 (xv) Union Bank of India Term Loan I - 37,50,00,001 Earlier it was repayable in 7 yearly installment of Rs. 5,35,71,429 upto & First Installment was payable from 31st of Mar Term Loan II - 2,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 28,57,14,286 upto & First Installment was payable from 31st of Mar ,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Installment was payable from 31st of Mar Term Loan IV - 1,50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 21,42,85,714 upto & First Installment was payable from 31st of Mar Term Loan V - 48,16,00,000 Earlier it was repayable in 7 yearly installment of Rs. 6,88,00,000 upto & First Installment was payable from 31st of Mar Term Loan VI - 3,17,20,00,000 Earlier it was repayable in 7 yearly installment of Rs. 45,31,42,857 upto & First Installment was payable from 31st of Mar Term Loan VII - 2,16,63,00,000

22 Earlier it was repayable in 7 Yearly installments of Rs. 30,94,71,429 upto & First Installment would have been payable from 30th Sep Term Loan VIII - 50,77,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 72,528,571 upto & First Installment would have been payable from 20th of Feb Sub (xv) - 11,20,26,00,001 (xvi) Federal Bank Term Loan I - 33,33,66,667 Earlier it was repayable in 7 Yearly installments of Rs. 4,76,23,810 upto & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto & First Term Loan III - 8,24,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 1,17,71,429 upto & First Term Loan IV - 54,25,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,75,00,000 upto & First Term Loan V - 37,03,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. earlier it was repayable in 7 Yearly installments of Rs. 5,29,00,000 upto & First Installment would have been payable from 30th of Oct Term Loan VI - 8,66,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 12,371,429 upto & First Installment would have been payable from 30th of Dec Sub (xvi) - 1,91,51,66,667 (xvii) Indian Overseas Bank Term Loan I - 33,34,00,000 Earlier it was repayable in 7 yearly installment of Rs. 4,76,28,571 upto & First Installment was payable from 31st of Mar Term Loan II - 89,42,00,000 Earlier it was repayable in 7 yearly installment of Rs.12,77,42,857 upto & First Installment was payable from 31st of Mar Term Loan III - 12,09,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,72,71,429 upto & First Installment was payable from 31st of Mar Term Loan IV - 79,64,00,000 Earlier it was repayable in 7 yearly installment of Rs. 11,37,71,429 upto & First Installment was payable from 31st of Mar Term Loan V - 54,37,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 7,76,71,429 upto & First Installment would have been payable from 23rd of Sep Term Loan VI - 12,74,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 18,200,000 upto & First Installment would have been payable from 29rd of Sep Sub (xvii) - 2,81,60,00,000 (xviii) Corporation Bank

23 Term Loan I - 16,67,33,334 Earlier it was repayable in 7 yearly installment of Rs. 2,38,19,048 upto & First Installment was payable from 31st Mar Term Loan II - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.7,14,28,571 upto & First Installment was payable from 31st Mar Term Loan III - 33,32,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,09,524 upto & First Installment was payable from 31st Mar Term Loan IV - 16,95,00,000 Earlier it was repayable in 7 yearly installment of Rs.2,42,14,286 upto & First Installment was payable from 31st Mar Term Loan V - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto & First Installment was payable from 31st Mar Term Loan VI - 1,08,50,00,000 Earlier it was repayable in 7 yearly installment of Rs. 15,50,00,000 upto & First Installment was payable from 31st Mar Term Loan VII - 74,14,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 10,59,14,286 upto & First Installment would have been payable from 25th Sep Term Loan VIII - 17,36,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 24,800,000 upto & First Installment would have been payable from 18th Dec Sub (xviii) - 3,66,95,00,001 (xix) South Indian Bank Term Loan I - 33,54,66,667 Earlier it was repayable in 7 Yearly installments of Rs. 4,79,23,810 upto & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto & First Term Loan III - 9,89,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 1,41,28,571 upto & First Term Loan IV - 65,10,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 9,30,00,000 upto & First Term Loan V - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 6,34,85,714 upto & First Installment would have been payable from 3rd of Oct Term Loan VI - 10,42,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.14,885,714 upto & First Installment would have been payable from 16th of Jan Sub (xix) - 2,13,39,66,667

24 (xx) Central Bank of India Term Loan I - 16,83,33,334 Earlier it was repayable in 7 Yearly installments of Rs. 2,40,47,619 upto & First Installment was payable from 31st Mar Term Loan II - 75,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 10,71,42,857 upto & First Installment was payable from 31st Mar Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Installment was payable from 31st Mar Term Loan IV - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto & First Installment was payable from 31st Mar Term Loan V - 43,50,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 6,21,42,857 upto & First Installment was payable from 31st Mar Term Loan VI - 6,36,12,54,432 Earlier it was repayable in 42 Quarterly installments of Rs. 15,14,58,439 upto & First Installment started from 30th Nov Term Loan VII - 2,53,12,50,000 Earlier it was repayable in 27 Quarterly installments of Rs. 9,37,50,000 upto & First Installment started from 30th Nov Term Loan VIII - 4,47,67,85,712 Earlier it was repayable in 23 Quarterly installments of Rs. 19,46,42,857 upto & First Installment started from 30th Nov Term Loan IX - 6,16,21,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 88,03,00,000 upto & First Installment wa payable from 31st Mar Term Loan X - 4,20,74,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 60,10,57,143 upto & First Installment would have been payable from 31st Jul Term Loan XI - 98,61,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 140,871,429 upto & First Installment would have been payable from 28th Nov Sub (xx) - 27,57,82,23,478 (xxi) Oriental Bank of Commerce Term Loan I - 1,00,41,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,34,42,857 upto & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto & First Term Loan III - 27,68,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 3,95,42,857 upto & First Term Loan IV - 2,00,00,00,000

25 Earlier it was repayable in 7 Yearly installments of Rs. 28,57,14,286 upto & First Term Loan V - 1,82,40,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 26,05,71,429 upto & First Term Loan VI 4,64,00,000 1,24,37,00,000 (Repayable in 7 Yearly installments of Rs. 17,76,71,429 upto & secured against Escrow & Hypothecation of Assets. First Installment will start from 30th of Sep.2016.) Term Loan VII - 29,16,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 41,657,143 upto & First Installment would have been payable from 1st of Oct Sub (xxi) 4,64,00,000 7,64,02,00,000 (xxii) Bank of Baroda Term Loan I - 16,67,00,000 Earlier it was repayable in 7 yearly installment of Rs. 2,38,14,286 upto & First Term Loan II - 75,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 10,71,42,857 upto & First Term Loan III - 24,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,42,85,714 upto & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto & First Term Loan V - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto & First Term Loan VI - 1,58,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 22,57,14,286 upto & First Term Loan VII - 1,07,47,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installments of Rs. 15,35,28,571 upto & First Installment would have been payable from 26th Sep Term Loan VIII - 25,17,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installments of Rs. 35,957,143 upto & First Installment would have been payable from 19th Sep Sub (xxii) - 5,56,31,00,000 (xxiii) Andhra Bank Term Loan I - 33,33,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,23,810 upto & First Term Loan II - 23,05,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,29,28,571 upto & First Term Loan III - 1,00,00,00,000

26 Earlier it was repayable in 7 yearly installment of Rs. 142,857,143 upto & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 14,28,57,143 upto & First Term Loan V - 1,51,80,00,000 Earlier it was repayable in 7 yearly installment of Rs. 21,68,57,143 upto & First Term Loan VI - 1,03,69,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 14,81,28,571 upto & First Installment would have been payable from 23th Sep Term Loan VII - 24,30,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 34,714,286 upto & First Installment would have been payable from 26th Sep Sub (xxiii) - 5,36,17,66,667 (xxiv) United Bank of India Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 14,28,57,143 upto & First Term Loan II - 19,77,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 2,82,42,857 upto & First Term Loan III - 65,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 9,28,57,143 upto & First Term Loan IV - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.6,34,85,714 upto & First Installment would have been payable from 27th Sep Sub (xxiv) - 2,29,21,00,000 Grand [(i) to (xxiv)] 1,15,68,00,000 1,30,80,50,04,433 Less: Current Maturities (Carried to Note No.9.1) (i) ICICI A) Term Loan I 1,19,09,524 B) Term Loan II 1,35,71,429 C) Term Loan III 64,28,571 D) Term Loan IV 2,12,42,857 (ii) Allahabad Bank A) Term Loan I 4,76,14,286 B) Term Loan II 7,14,28,571 C) Term Loan III 1,17,57,143 D) Term Loan IV 7,75,00,000 (iii) State Bank of Bikaner & Jaipur A) Term Loan I 14,28,57,143 B) Term Loan II 14,28,57,143 C) Term Loan III 3,32,85,714 D) Term Loan IV 21,80,28,571 (iv) Bank of Maharastra A) Term Loan I 4,80,95,238 B) Term Loan II 7,14,28,571

27 C) Term Loan III 14,28,57,143 D) Term Loan IV 2,60,57,143 E) Term Loan V 17,05,14,286 (v) Dena Bank A) Term Loan I 14,28,57,143 B) Term Loan II 14,28,57,143 C) Term Loan III 2,82,42,857 D) Term Loan IV 18,60,14,286 (vi)punjab National Bank A) Term Loan I 4,39,14,286 B) Term Loan II 9,18,30,612 C) Term Loan III 35,71,42,857 D) Term Loan IV 28,99,85,714 (viii) Vijaya Bank A) Term Loan I 4,76,23,809 B) Term Loan II 14,28,57,143 C) Term Loan III 1,88,28,571 D) Term Loan IV 12,31,57,143 (viii) Syndicate Bank A) Term Loan I 1,18,95,238 B) Term Loan II 1,18,95,238 C) Term Loan III 7,14,28,571 D) Term Loan IV 14,28,57,143 E) Term Loan V 16,63,00,000 2,37,57,143 F) Term Loan VI 74,14,00,000 15,50,00,000 G) Term Loan VII 10,59,14,286 H) Term Loan VIII 17,38,00,000 (x) Uco Bank A) Term Loan I 14,28,57,143 B) Term Loan II 2,38,04,762 C) Term Loan III 25,71,42,857 D) Term Loan IV 21,42,85,714 E) Term Loan V 6,30,71,429 F) Term Loan VI 41,54,14,286 (x) Indian Bank A) Term Loan I 4,76,23,810 B) Term Loan II 1,41,14,286 C) Term Loan III 3,21,71,429 D) Term Loan IV 1,43,28,571 E) Term Loan IV 2,89,00,000 (xi) Bank of India A) Term Loan I 8,19,14,286 B) Term Loan II 14,28,57,143 C) Term Loan III 14,28,57,143 D) Term Loan IV 19,00,00,000 E) Term Loan V 12,23,71,429 F) Term Loan VI 40,30,00,000 G) Term Loan VII 27,49,71,429 (xii) Canara Bank A) Term Loan I 5,35,71,429 (xiii)punjab & Sind Bank A) Term Loan I 2,37,76,191 B) Term Loan II 7,14,28,571 C) Term Loan III 14,28,57,143 D) Term Loan IV 14,28,57,143 E) Term Loan V 3,76,57,143

28 F) Term Loan VI 24,80,14,286 (xiv) Karnataka Bank Ltd. A) Term Loan I 7,14,28,571 B) Term Loan II 7,14,28,571 C) Term Loan III 1,41,14,286 D) Term Loan IV 9,30,00,000 (xv) Union Bank of India A) Term Loan I 5,35,71,429 B) Term Loan II 28,57,14,286 C) Term Loan III 14,28,57,143 D) Term Loan IV 21,42,85,715 E) Term Loan V 6,88,00,000 F) Term Loan VI 45,31,42,857 (xvi) Federal Bank A) Term Loan I 4,76,23,810 B) Term Loan II 7,14,28,571 C) Term Loan III 1,17,71,429 D) Term Loan IV 7,75,00,000 (xvii) Indian Overseas Bank A) Term Loan I 4,76,28,571 B) Term Loan II 12,77,42,857 C) Term Loan III 1,72,71,429 D) Term Loan IV 11,37,71,429 (xviii) Corporation Bank A) Term Loan I 2,38,19,048 B) Term Loan II 7,14,28,571 C) Term Loan III 4,76,09,524 D) Term Loan IV 2,42,14,286 E) Term Loan V 7,14,28,571 F) Term Loan VI 15,50,00,000 (xix) South Indian Bank A) Term Loan I 4,79,23,810 B) Term Loan II 7,14,28,571 C) Term Loan III 1,41,28,571 D) Term Loan IV 9,30,00,000 (xx) Central Bank of India A) Term Loan I 2,40,47,619 B) Term Loan II 10,71,42,857 C) Term Loan III 14,28,57,143 D) Term Loan IV 7,14,28,571 E) Term Loan V 6,21,42,857 F) Term Loan VI 75,72,92,194 G) Term Loan VII 46,87,50,000 H) Term Loan VIII 97,32,14,285 I) Term Loan IX 88,03,00,000 (xxi) Oriental Bank of Commerce A) Term Loan I 14,34,42,857 B) Term Loan II 14,28,57,143 C) Term Loan III 3,95,42,857 D) Term Loan IV 28,57,14,286 E) Term Loan V 26,05,71,429 F) Term Loan VI 4,64,00,000 (xxii) Bank of Baroda A) Term Loan I 2,38,14,286 B) Term Loan II 10,71,42,857 C) Term Loan III 3,42,85,714

29 D) Term Loan IV 14,28,57,143 E) Term Loan V 7,14,28,571 F) Term Loan VI 22,57,14,286 (xxiii) Andra Bank A) Term Loan I 4,76,23,810 B) Term Loan II 3,29,28,571 C) Term Loan III 14,28,57,143 D) Term Loan IV 14,28,57,143 E) Term Loan V 21,68,57,143 (xxiv) United Bank of India A) Term Loan I 14,28,57,143 B) Term Loan II 2,82,42,857 C) Term Loan III 9,28,57,143 1,15,68,00,000 15,11,31,29,954 Grand - 1,15,69,18,74,478 5(i)(a) All the above loan are guarranted by Government of Rajasthan amounting to Rs. 115,68,00,000. (Previous year Rs ,50,04,433) 5(i)(b) The total loan amount of Rs. 55,760,300,000 has been converted into bonds (Rs Cr. of 50% O/s Loan of various banks and Rs cr. against 50% O/s dues of Power Purchase, as on ). Out of which Rs cr. & Rs cr. & Rs crore has been taken over by GoR in F.Y , and respectively and Rs cr. converted into 9.70% Discom bonds. After such adjustment, net balance of 9.95% bonds is cr. as on (1)(c) Remaining Loan of Rs crores has also been taken over by GoR on dated 23/06/2016 as per the UDAY Scheme.

30 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5(ii) : Descriptive details of Term Loan from others - Secured Account Sr. No. Code As at As at (i) Loans from Power Finance Corporation for Restructured Accelerated Power Development ,14,28,53,059 4,19,33,68,151 and Reform Programme (Repayment will become due on 15th day of every month except April and May upto 10 years falling immediately after moratorium period of Secured against hypothecation of assets under R-APDRP project. (Such loan alongwith interest thereon shall be converted into grant once the projects of Part A and Part B under R-APDRP are implemented and verified by an independent agency appointed by Ministry of Power within a period of 3 years) (ii) Loan from Rajasthan State Power Finance Corporate Ltd (Repayable in 2 yearly installments of Rs. 25,00,000 upto & secured against Books debts. First Installment has been started from 31st of March, 2016). 25,00,000 50,00,000 Less: Current Maturities of Loans From Others (i) PFC (RAPDRP). (ii) RSPFCL Grand 5,14,53,53,059 4,19,83,68, ,30,86,100 19,65,36, ,00,000 25,00,000 27,55,86,100 19,90,36,956 4,86,97,66,959 3,99,93,31,195 5(b)(i) A letter no dated has been received from PFC for extension of payment and conversion of loan into grant. In view of that no current maturity has been shown in respect of loans from PFC.

31 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5 (iii) : Descriptive details of Term Loan from others - Unsecured Borrowings Sr. No. Account Code As at As at (i) Housing and Urban Development Corporation Limited Term Loan I 1,94,98,97,260 2,55,00,00,000 (Repayable in remaining 13 Quarterly installments of Rs. 15,00,00,000 upto (Except First installment of Rs. 14,98,83,640). First installment has been started from ) Sub (i) 1,94,98,97,260 2,55,00,00,000 (ii) Life Insurance Corporation Term Loan I 5,14,28,570 6,00,00,000 (Repayable in 6 Annually installments of Rs. 85,71,430 has been started from to Term Loan II 6,85,69,715 7,99,98,000 (Repayable in 6 Annually installments of Rs. 1,14,28,290 has been started from to Term Loan III 9,14,26,285 10,66,64,000 (Repayable in 6 Annually installments of Rs. 1,52,37,715 has been started from to Term Loan IV 15,42,85,715 18,00,00,000 (Repayable in 6 Annually installments of Rs. 2,57,14,285 has been started from to Term Loan V 17,14,28,570 20,00,00,000 (Repayable in 6 Annually installments of Rs. 2,85,71,430 has been started from to Term Loan VI 22,45,80,125 25,66,63,000 (Repayable in 7 Annually installments of Rs. 3,20,82,875 has been started from to Term Loan VII 56,88,85,330 63,99,96,000 (Repayable in 8 Annually installments of Rs. 7,11,10,670 has been started from to Term Loan VIII 38,99,96,100 43,33,29,000 (Repayable in 9 Annually installments of Rs. 4,33,32,900 has been started from to Term Loan IX 67,83,63,635 74,62,00,000 (Repayable in 10 Annually installments of Rs. 6,78,36,365 has been started from to Term Loan X 73,33,33,330 80,00,00,000 (Repayable in 11 Annually installments of Rs. 6,66,66,670 has been started from to Sub (ii) 3,13,22,97,375 3,50,28,50,000 (iii) Power Finance Corporation Transitional loan 1 & 2 1. ( amount of loan sanction Rs. 15,00,00,00,000 has been disbursed upto financial year Repayable in 28 Quartely installments of each tranches wise disburshed loan upto First installment has been 14,53,57,14,285 15,00,00,00,000 started from 15th of Oct. 2015) 2. ( amount of loan sanction Rs. 15,00,00,00,000 has been disbursed upto financial year Repayable in 28 Quartely installments of each disburshed loan upto First installment will start from 15th of Apr. 2020) Term Loan ( amount of loan sanction Rs. 5,00,93,00,000 out of which Rs. 15,00,00,00,000 7,50,00,00, ,12,43,33,786 3,15,02,46,704

32 323,20,69,435 has been disbursed upto current financial year Repayable in 60 Quartely installments of Rs. 8,34,88,333 upto First installment will start from 15th of Oct. 2015) Term Loan ( amount of loan sanction Rs. 374,08,00,000 out of which Rs. 106,52,02,358 has been disbursed upto current financial year Repayable in 60 Quartely installments of Rs. 1,77,53,373 upto First installment will start from ) ( amount of loan sanction Rs. 166,23,00,000 out of which Rs.53,24,01,909 has been disbursed upto current financial year Repayable in 60 Quartely installments of Rs. 88,73,365 upto First installment will start from ) 1,06,52,02,358-53,24,01,909 - Sub (iii) 34,25,76,52,338 25,65,02,46,704 (iv) World Bank Term Loan I 6,12,54,375 7,35,05,250 (Repayable in 10 monthly installments of Rs. 1,22,50,87 upto 5 years starting from june to march of every year.) Term Loan II 1,11,72,409 1,27,68,467 (Repayable in 10 monthly installments of Rs. 1,59,605 upto 7 years starting from june to march of every year.) Term Loan III 10,40,40,064 11,89,02,931 (Repayable in 10 monthly installments of Rs. 1,486,286 upto 7 years starting from june to march of every year.) Term Loan IV 18,13,91,931 20,40,65,923 (Repayable in 10 monthly installments of Rs. 2,267,399 upto 8 years starting from june to march of every year.) Term Loan V 3,85,20,823 4,28,00,915 (Repayable in 10 monthly installments of Rs. 428,009 upto 9 years starting from june to march of every year.) Term Loan VI 6,44,72,625 7,16,36,250 (Repayable in 10 monthly installments of Rs. 716,362 upto 9 years starting from june to march of every year.) Term Loan VII 16,86,52,165 18,55,17,382 (Repayable in 10 monthly installments of Rs. 1,686,521 upto 10 years starting from june to march of every year.) Term Loan VIII 27,34,18,657 29,82,74,899 (Repayable in 10 monthly installments of Rs. 2,485,624 upto 11 years starting from june to march of every year.) Term Loan IX 92,54,700 1,00,25,925 (Repayable in 10 monthly installments of Rs. 77,122 upto 12 years starting from june to march of every year.) Term Loan X 43,719 87,445 (Repayable in 10 monthly installments of Rs. 4,372 upto 1 year starting from june to march of every year.) Term Loan XI 2,06,381 3,09,572 (Repayable in 10 monthly installments of Rs. 10,319 upto 2 years starting from june to march of every year.) Term Loan XII 3,11,294 3,89,116 (Repayable in 10 monthly installments of Rs. 7,782 upto 4 years starting from june to march of every year.) Term Loan XIII 16,61,012 19,93,213 (Repayable in 10 monthly installments of Rs. 33,220 upto 5 years starting from june to march of every year.) Term Loan XIV 16,95,673 19,78,285 (Repayable in 10 monthly installments of Rs. 28,261 upto 6 years starting from june to march of every year.) Sub (iv) 91,60,95,828 1,02,22,55,573

33 (v) Accelerated Power Development Programme (APDP) through GoR Term Loan I 4,29,04,170 5,14,85,003 (Repayable in 10 monthly installments of Rs. 858,083 upto 5 years starting from june to march of every year.) Term Loan II 2,85,83,336 3,26,66,669 (Repayable in 10 monthly installments of Rs. 408,333 upto 7 years starting from june to march of every year.) Term Loan III 5,46,18,664 6,24,21,331 (Repayable in 10 monthly installments of Rs. 780,266 upto 7 years starting from june to march of every year.) Term Loan IV 13,50,53,331 15,19,34,998 (Repayable in 10 monthly installments of Rs. 1,688,166 upto 8 years starting from june to march of every year.) Term Loan V 4,24,71,977 4,71,91,085 (Repayable in 10 monthly installments of Rs. 471,910 upto 9 years starting from june to march of every year.) Sub (v) 30,36,31,478 34,56,99,086 (vi) Intrest Free Loan From State Govt (Terms of repayment of such loan shall be decided by the Government of Rajasthan when company generate surplus on its equity). 1,41,73,76,000 4,72,04,00,000 Sub (vi) 1,41,73,76,000 4,72,04,00,000 (vii) Rural Electrification Corporation(REC) Scheme No ,23,08,519 (Balance of these loans fully paid during the year ) Scheme No ,28,21,737 (Balance of these loans fully paid during the year ) Scheme No. 51 3,01,28,535 6,02,57,070 (Balance of this 1 loan is to be paid in remaining 1 equal annual Installments 15th May upto ) Scheme No. 52 3,44,60,997 6,89,21,997 (Balance of this 1 loan is to be paid in remaining 1 equal annual Installments 15th Feb. upto ) Scheme No ,35,74,200 2,71,48,391 (Balance of these 18 loans as per respective schemes are to be paid in remaining 1 equal annual Installments for each loan on 15th March upto ) Scheme No ,92,560 22,38,840 (Balance of this 1 loan is to be paid in remaining 2 equal annual Installments on 15th May upto ) Scheme No ,83,77,545 26,75,66,314 (Balance of these 2 loans as per respective schemes are to be paid in remaining 2 equal annual Installments for each loan on 15th May upto ) Scheme No. 74 6,92,49,203 10,38,73,805 (Balance of this 1 loan is to be paid in remaining 2 equal annual Installments on 15th Nov. upto ) Scheme No ,35,12,014 8,02,68,022 (Balance of these 16 loans as per respective schemes are to be paid in remaining 2 equal annual Installments for each loan on 15th March upto ) Scheme No ,37,84,630 59,17,12,840 (Balance of these 9 loans as per respective schemes are to be paid in remaining 3 equal annual Installments for each loan on 15th Nov. upto ) Scheme No ,33,55,074 32,44,73,435

34 (Balance of these 36 loans as per respective schemes are to be paid in remaining 3 equal annual Installments for each loan on 15th march upto ) Scheme No ,57,360 1,01,96,700 (Balance of this 1 loan is to be paid in remaining 4 equal annual Installments 15th march upto ) Scheme No ,02,120 85,02,650 (Balance of this 1 loan is to be paid in remaining 4 equal annual Installments 15th may upto ) Scheme No ,80,48,800 76,00,61,000 (Balance of these 4 loan as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th Oct. upto ) Scheme No ,00,45,166 10,00,56,460 (Balance of these 5 loans as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th Jan upto ) Scheme No ,71,47,720 49,64,34,650 (Balance of these 2 loans as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th March upto ) Scheme No ,19,05,750 31,42,86,900 (Balance of these 6 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th July upto ) Scheme No ,17,60,89,000 1,41,13,06,800 (Balance of these 5 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th Sept. upto ) Scheme No ,77,32,500 59,72,79,000 (Balance of these 2 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th March upto ) Scheme No ,56,16,299 53,15,52,349 (Balance of these 6 loans as per respective schemes are to be paid in remaining 6 equal annual Installments for each loan on 15th Sept. upto ) Scheme No ,47,55,442 93,90,99,872 (Balance of these 9 loans as per respective schemes are to be paid in 8 equal annual Installments for each loan on 15th Sept. upto First installment will start from ) Scheme No ,27,76,221 99,31,23,249 (Balance of these 3 loans as per respective schemes are to be paid in 8 equal annual Installments for each loan on 15th Dec. upto First installment will start from ) Scheme No ,98,27,281 49,48,05,691 (Balance of this 1 loan is to be paid in 8 equal annual Installments 15th March upto First installment has been started from ) Scheme No ,01,10,220 3,34,55,800 (Balance of these 7 loans as per respective schemes are to be paid in remaining 9 equal annual Installments for each loan on 15th March upto ) Scheme No ,44,120 69,78,532 (Balance of these 2 loans as per respective schemes are to be paid in remaining 10 equal annual Installments for each loan on 15th March upto ) Scheme No ,72,89,032 4,06,78,944

35 (Balance of these 8 loans as per respective schemes are to be paid in remaining 11 equal annual Installments for each loan on 15th March upto ) Scheme No ,11,83,232 1,21,15,168 (Balance of these 2 loans as per respective schemes are to be paid in remaining 12 equal annual Installments for each loan on 15th Jan. upto ) Scheme No ,63,27,600 7,18,54,900 (Balance of these 10 loans as per respective schemes are to be paid in remaining 12 equal annual Installments for each loan on 15th March upto ) Scheme No ,80,164 62,24,792 (Balance of this 1 loan is to be paid in remaining 13 equal annual Installments on 15th June upto ) Scheme No ,59,16,040 14,63,71,120 (Balance of these 19 loan as per respective schemes are to be paid in remaining 13 equal annual Installments for each loan on 15th March upto ) Scheme No ,35,74,26,896 3,37,63,01,068 (Balance of these 11 loan as per respective schemes are to be paid in 14 equal annual Installments for each loan on 15th June upto First installment has been started from ) Scheme No ,39,08,329 12,65,64,810 (Balance of this 1 loan is to be paid in 9 equal annual Installments on 15th August upto First installment has been started from ) Scheme No ,63,88,713 83,30,40,476 (Balance of this 3 loan is to be paid in 10 equal annual Installments on 15th may upto First installment has been started from ) Scheme No ,41,73,01,787 2,41,73,01,787 (Balance of this 3 loan is to be paid in 10 equal annual Installments on 15th Nov upto First installment has been started from ) Scheme No ,87,16,68,578 1,87,16,68,578 (Balance of this 7 loan is to be paid in 10 equal annual Installments on 15th Feb. up to First installment will start from ) Scheme No ,47,97,78,371 1,18,84,51,521 (Balance of this 2 loan is to be paid in 10 equal annual Installments on 15th Nov. upto First installment will start from ) Scheme No ,33,94,79,198 1,20,06,10,177 (Balance of this 5 loan is to be paid in 10 equal annual Installments on 15th Dec. upto First installment will start from ) Scheme No ,22,39,671 95,78,33,638 (Balance of this 1 loan is to be paid in 10 equal annual Installments on 15th Jan upto First installment will start from ) Scheme No ,93,28,247 93,39,55,808 (Balance of these 2 loans is to be paid in 10 equal annual Installments upto First installment will start from ) Scheme No ,79,08,289 46,77,19,060 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto First installment will start from ) Scheme No ,68,11,540 22,66,47,902 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto First installment will start from )

36 Scheme No ,08,88,51,898 1,63,15,38,438 (Balance of these 9 loans is to be paid in 15 equal annual Installments upto First installment will start from ) Scheme No ,50,75,88,813 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto First installment will start from ) Rationalised Govt. Guarantee as on ,86,86,355 18,45,11,047 (Balance of this loan is to be paid in 107 monthly Installments on last day of every month upto ) Transitional Loan 1 14,73,21,42,858 15,00,00,00,000 ( amount of loan sanction Rs. 15,00,00,00,000 out of which Rs. 15,00,00,00,000 has been disbursed upto current financial year Balance of this 1 loan is to be paid in 9 equal Quareterly Installments 31st Dec 2015 to However the terms of repayment has been restructured during the financial year and it is repayable in 28 Quartely installments of Rs. 53,57,14,286 upto First installment has been started from 31st of March.2016.) Transitional Loan 2 15,00,00,00,000 5,62,50,00,000 ( amount of loan sanction Rs. 15,00,00,00,000 out of which Rs. 1500,00,00,000 has been disbursed upto current financial year Balance of this 1 loan is to be paid in 28 equal Quareterly Installments to First installment will start from ) (viii) Sub (vii) 57,04,92,98,368 44,89,71,19,857 Rural Electrification Corporation under Rajiiv Gandhi Grameen Vidyutikaran Yojana(RGGVY) scheme Scheme No ,55,749 38,19,686 (Balance of these 3 loans as per respective schemes are to be paid in 4 equal annual Installment for each loan on 15th March upto First installment has been started from ) Scheme No ,47,41,250 6,56,89,500 (Balance of these 7 loans as per respective schemes are to be paid in 5 equal annual Installment for each loan on 15th March upto First installment has been started from ) Scheme No ,85,04,391 14,45,67,440 (Balance of this 1 loan is to be paid in 8 equal annual Installment on15th Mar. upto First installment has been started from ) Scheme No ,57,42,377 5,14,60,174 (Balance of these 2 loans as per respective schemes are to be paid in 8 equal annual Installment for each loan on 15th June upto First installment has been started from ) Scheme No. 14 2,03,51,946 2,28,95,938 (Balance of this 1 loan is to be paid in 8 equal annual Installment on 15th Aug. upto First installment has been started from ) Scheme No. 15 4,25,03,717 (Balance of this 1 loan is to be paid in 15 equal annual Installment on 15th Aug. upto First installment will start from ) Scheme No ,20,53,265 (Balance of this 1 loan is to be paid in 15 equal annual Installment on 15th Dec. upto First installment will start from )

37 Sub (viii) 40,69,52,695 28,84,32,738 (ix) Small Industries Development Bank of India (Repayable in 7 annual installments of Rs. 21,50,00,000 start from 1,28,50,00,000 1,28,50,00, to Sub (ix) 1,28,50,00,000 1,28,50,00,000 (x) Loan under UDAY Scheme As per UDAY Scheme notified by GoI dated GoR has issued loan (Rs = crores) & terms and condition of 1,07,79,30,61,000 repayment and interest will be informed by GoR later. Sub (x) 1,07,79,30,61,000 - (xi) State Government loan ( ) GoR has released cr. on behalf of World Bank on dated 29 and 4,63,07,70, Sub (xi) 4,63,07,70,000 - Grand [(i) to (xi)] 2,13,14,20,32,342 84,26,20,03,958 Less: Current Maturities (Refer Note No.9.1) (i) Housing and Urban Development Corporation Limited ,00,00,000 60,00,00,000 (ii) Life Insurance Corporation (a) Term loan I 85,71,430 85,71,430 (b) Term loan II 1,14,28,290 1,14,28,290 (c) Term loan III 1,52,37,715 1,52,37,715 (d) Term loan IV 2,57,14,285 2,57,14,285 (e) Term loan V 2,85,71,430 2,85,71,430 (f) Term loan VI 3,20,82,875 3,20,82,875 (g) Term loan VII 7,11,10,670 7,11,10,670 (h) Term loan VIII 4,33,32,900 4,33,32,900 (i) Term loan IX 6,78,36,365 6,78,36,365 (j) Term loan X 6,66,66,670 6,66,66,670 (iii) Power Finance Corporation Transitional loan (1&2) ,39,28,69,145 46,42,85,716 Term Loan ,32,24,668 16,69,76,666 (iv) World Bank (a) Term loan I 1,22,50,875 1,22,50,875 (b) Term loan II 15,96,058 15,96,058 (c) Term loan III 1,48,62,867 1,48,62,867 (d) Term loan IV 2,26,73,992 2,26,73,992 (e) Term loan V 42,80,092 42,80,092 (f) Term loan VI 71,63,625 71,63,625 (g) Term loan VII 1,68,65,217 1,68,65,217 (h) Term loan VIII 2,48,56,242 2,48,56,242 (i) Term loan IX 7,71,225 7,71,225 (j) Term loan X 43,726 43,726 (k) Term loan XI 1,03,191 1,03,191 (l) Term loan XII 77,822 77,822 (m) Term loan XIII 3,32,201 3,32,201 (n) Term loan XIV 2,82,612 2,82,612 (v) Accelerated Power Development Programme (a) Term loan I 85,80,833 85,80,833 (b) Term loan II 40,83,333 40,83,333 (c) Term loan III 78,02,667 78,02,667 (d) Term loan IV 1,68,81,667 1,68,81,667 (e) Term loan V 47,19,108 47,19,108 (vi) Rural Electrification Corporation(REC) Scheme No ,23,08,519 Scheme No ,28,21,737

38 Scheme No. 51 3,01,28,535 3,01,28,535 Scheme No. 52 3,44,60,997 3,44,61,000 Scheme No ,35,74,200 1,35,74,191 Scheme No. 71 1,93,288 7,46,280 Scheme No ,07,812 8,91,88,770 Scheme No. 74 3,46,24,601 3,46,24,601 Scheme No ,85,396 2,67,56,008 Scheme No ,64,53,739 14,79,28,210 Scheme No ,79,11,072 8,11,18,360 Scheme No ,39,340 Scheme No ,00,530 17,00,530 Scheme No ,20,12,200 15,20,12,200 Scheme No ,00,11,291 2,00,11,293 Scheme No ,92,86,930 9,92,86,930 Scheme No ,23,81,150 5,23,81,150 Scheme No ,52,17,800 23,52,17,800 Scheme No ,95,46,500 9,95,46,500 Scheme No ,59,36,050 7,59,36,051 Scheme No ,43,44,430 10,43,44,430 Scheme No ,03,47,028 11,03,47,028 Scheme No ,49,78,410 5,49,78,410 Scheme No ,45,580 33,45,580 Scheme No ,34,412 6,34,412 Scheme No ,89,912 33,89,912 Scheme No ,31,936 9,31,936 Scheme No ,27,300 55,27,300 Scheme No ,44,628 4,44,628 Scheme No ,04,55,080 1,04,55,080 Scheme No ,04,95,126 22,50,86,738 Scheme No ,13,90,833 1,26,56,481 Scheme No Scheme No Transitional Loan 1 1,14,28,57,143 1,07,14,28,571 Rationalised loan 2,82,28, (vii) Rural Electrification Corporation under Rajiiv Gandhi Grameen Vidyutikaran Yojana(RGGVY) scheme Scheme No ,11,150 7,63,937 Scheme No ,23,542 1,09,48,250 Scheme No. 11 1,42,78,266 1,60,63,049 Scheme No ,82,486 57,17,797 Scheme No ,61,327 25,43,993 (ix) Small Industries Development Bank of India ,50,00,000 21,50,00,000 7,90,98,32,990 5,18,22,62,566 2,05,23,21,99,352 79,07,97,41,392 5(iii)(a) All the Loans except loans at S.No. (iv) (World Bank), (v) (APDRP), (vi)(interest free loan frrom GOR) & (viii) (REC(RGGVY)) are guaranteed by the Govt of Rajasthan. The aggregate amount of loans guaranteed by Government of Rajasthan is Rs. 9767,41,45,334 (Previous year Rs. 7788,52,16,533).

39 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 6 :- Other Long Term Liabilities Others Security Deposits from Contractors Security Deposits from Consumers Account Code As at As at ,68,22,645 5,34,48, ,71,23,31,156 4,75,92,13,147 5,77,91,53,801 4,81,26,61, Difference between the figures under the head Security Deposits from Consumers as per accounts and Computer agency / consumers ledger is Rs. 1,122,146,488 (Previous year Rs. 1,199,547,586) which is under reconciliation. 6.A:- Long Term Provisions Gratuity (Refer Note 25.5) Pension (Refer Note 25.5) Leave Encashment (Refer Note 25.5) Account Code As at As at ,68,96,00, ,60,51,00, ,13,03,00,000-22,42,50,00,000 6.B:- As all provision has been considered as current liability. So whole amount has been transferred to short term provision, Note No :- Short-term Borrowings From Banks (Secured) Cash Credit from SBBJ Bank (Amount Repayable - NIL (PY.- Rs ) on Demand & secured by way of hypothecation on current assets.) Account Code As at As at ,02,69,043-51,02,69,043

40 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 8 :- Trade Payables Account Code As at As at Trade Payables For purchase of power (Refer Note No. 8.2) ,03,91,59,417 12,58,74,77,847 17,03,91,59,417 12,58,74,77, In view of multiplicity and difficulty in identification of accounts relating to Micro, Small & Medium Enterprises, information with regard to amount unpaid at the year end together with the interest paid / payable under the MSMED Act, 2006 is not disclosed for determining the particulars relating to current indebtness to such undertakings. 8.2 :- Trade Payables for Goods-Liabilities for Purchase of Power Account Code As at As at Liability for purchase of power from Npcil(Naps) ,10,88,540 7,68,40,183 Liability for purchase of power RAPS ,27,58,724 92,81,41,741 Liability for Power Purchased from NTPC ,142 - Liability for purchase of power GLPL ,753 2,89,10,308 Liability For Power Purchase UI Charges ,46,259 3,56,82,087 Liability for purchase of power Shree Cement & ,65,225 57,68,156 Liability for Purachse from Coastal Gujarat ,99,94,663 32,42,58,633 Liability for Purachse from Ambuja Cement ,24,45,466 - Liability for purchses from NVVN BUNDLED ,86,21,109 62,74,37,879 Liability for purchses from PTC India ,90,41,472 3,28,20,169 Liability for purchses from Mittal Processing Ltd Liability for purchses from Wind Power ,22,74,83,562 1,90,07,98,970 Liability for purchses from SJVVNL ,11,18,992 21,14,40,540 Liability for Power Purchase from Transtech Gr ,50,629 Liability for purchase from Solar Plant ,48,06,149 28,04,70,052 Liability for purchase of power from Satyam Power ,73,452 66,50,652 Liability for purchase of power from Surya Chambal ,64,33,383 1,25,49,250 Liability for purchase of power Kalpataru ,77,68,169 1,85,26,841 Liability for purchase of power Tehri Hydro ,69,91,858 67,86,93,972 Liability for purchase of power Tala ,113 1,90,602 Liability for purchase of power from M/S Adani ENT ,76,21,36,198 1,15,54,45,265 Liability for purchase of power from M/S Orient Green ,53,556 76,28,979 Liability for purchase of power from Raj West Power ,92,15,91,021 1,37,65,29,080 Liability for purchase M/S Nevyeli Lignite Corp. Ltd ,23,12,543 Liability for purchase M/S V.S. Lignite PO ,95,89,382 17,68,286 Liability for purchase of power NTPC ,97,42,75,136 1,01,62,69,838 Liability for purchase of power Aravali Power ,33,281 4,10,74,123 Liability for purchase of power Maru Transmis ,01,28,250 5,65,15,167 Liability for purchase of power Sasan power ,27,47,613 4,86,15,150 Liability for purchase of power NHPC ,51,55,398 40,12,36,561 Liability for purchase of power Sanjog Sugar & Eco (BIO) ,42,857 - Liability P P from Arawali power trans ,84,54,799 65,16,018 Liability P P from Arunachal Pradesh (BTL) ,19,040 Liability for purchase of power NRLDC (HPPC) ,55,126 13,77,999 Liability for purchase of power NAPS ,96,24,827 Liability for Transmission Charges PGCIL ,65,66,69,140 74,37,27,506 Liability for purchase of power Others ,25,94,901 1,98,96,56,411 Grand 17,03,91,59,417 12,58,74,77, LU (P.Y LU) has been taken on power banking agreement for which Power Purchase expenditure and corresponding liability has been 4.00 per unit, which has to be returned in F.Y

41 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 9 :- Other Current Liabilities Account Code As at As at Current maturities of long-term debt (Refer Note No. 5 & 9.1) 9,34,22,19,090 20,49,44,29,476 Interest accrued but not due on borrowings ,41,20,53,804 5,13,85,34,394 Liability for Entry Tax ,77,646 - TWC Payable ,63,780 3,73,88,250 Liability for O&M Suppliers/works ,27,91,58,574 2,81,14,20,523 Staff related liabilities ,39,50,271 36,39,97,041 Security Deposits from Contractor ,14,22,40,048 91,39,05,459 Earnest Money Deposits ,21,47,877 14,72,76,854 Retention Money ,52,77,065 1,01,08,403 Sundry creditors int. on security- consumers ,03,76,54,880 80,79,62,143 Other Misc. Deposits ,12,52,52,903 1,82,78,18,194 Statutory Liabilities ,59,78,40,260 2,24,57,83,716 Income received in advance ,25,000 - Due for Expenses ,78,90,05,505 1,73,57,72,699 Sundry Liabilities , , ,82,26,392 13,43,30,548 Inter Company Payables (Refer Note No. 9.2) ,17,62,03,455 19,69,84,82,705 Deposits for Electrification ,01,52,69,886 3,07,38,15,968 56,68,51,66,436 59,44,10,26, Descriptive details for Current Maturity of Long Term Debts (Carried from Note No.5) Term Loan from Banks - Secured 5(i) 1,15,68,00,000 15,11,31,29,954 Term Loan from others - Secured 5(ii) 27,55,86,100 19,90,36,956 Term Loan from others - Unsecured 5(iii) 7,90,98,32,990 5,18,22,62,566 9,34,22,19,090 20,49,44,29, Inter Company Payables Account Code As at As at Amt Payable To Rajasthan Rajya Vidyut Utpadan Nigam Limited ,74,35,93,488 10,36,52,52,699 Amt Payable To Rajasthan Vidyut Prasaran Nigam Limited ,98,36,52,089 1,84,99,57,987 Amt. Payable To Jaipur Vidyut Vitran Nigam Limited ,93,23,91,330 2,39,85,14,661 Amt Payable To Ajmer Vidyut Vitran Nigam Limited ,51,65,66,548 5,08,47,57,358 27,17,62,03,455 19,69,84,82, The balance shown under the head (Amount received from Insurance Company) amounting to Rs. 773,644 (Previous year Rs. 773,644) pertains to to FY , for which case is pending in Hon ble Rajasthan High Court. Writ No. CW / 1593/03 against New India Insurance Co. for Group Insurance of Employees of Nigam not entertained and premium refunded on pro rata basis for the period to As per provision the interest payable to consumers on the amount of security is debited in the year to which it belongs but the consumer A/c is credited in ensuing financial year so as to account for the debtors A/c the liability has been credited in the year to which it pertain. 9.5 In respect of Inter Company transactions between successor companies of erstwhile RSEB no interest / surcharge has been charged or paid by the company during the year. 9.6 The reconciliation of inter-company transaction with other sister companies of erstwhile of RSEB has been made upto Follow-up action is being taken to square up difference noticed. The reconciliation for the current year is under progress. The balances of other sister companies as per their audited accounts and of JdVVNL as on are as follows: RVUNL RRVPNL JVVNL AVVNL Payable as per books of accounts 10,36,52,52,699 1,84,99,57,987 2,39,85,14,661 5,08,47,57,358 Receivable as per books of other company 10,72,43,55,641 1,54,43,83,906 2,40,00,99,598 5,10,96,94,133 Difference 35,91,02,942 (30,55,74,081) 15,84,937 2,49,36,775

42 10 :- Short Term Provisions JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code As at As at Provisions for Employee Benefits Amount payable to Trust for Gratuity ,54,08,641 1,40,57,979 Gratuity ,26,45,00,000 21,10,00,000 Amount payable to Trust for Pension ,09,03,648 2,21,10,191 Leave Encashment ,45,10,00,000 14,85,00,000 Pension ,33,41,00,000 1,18,96,00,000 Ex-gratia / Bonus ,94,43,500 6,86,38,500 26,15,53,55,789 1,65,39,06,670 Other Provisions (Current) Prov.for losses due to theft of stores ,68,565 - Income Tax ,16,41,24,354 1,65,39,06, Provision for Ex-gratia/Bonus has been made for 69,443,500 Rs. (Previous year Rs.68,638,500) on adhoc basis No provision for Income-tax has been made in view of higher depreciation allowable under the I.T. Act and brought forward losses.

43 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR NON-CURRENT ASSETS 11 :- Fixed Assets Balance as on Gross Block Accumulated Depreciation Net Block Additions Balance as at Balance as on Depreciation Adjustment Balance as at Balance as at Balance as at Deductions/Adju charged for the during the stment year period i) Tangible assets Land & Rights Free hold 10,17,59,368 50,75,430-10,68,34, ,68,34,798 10,17,59,368 Lease hold 9,46,05,625 98,67,000-10,44,72, ,44,72,625 9,46,05,625 Buildings 2,62,85,03,852 41,48,45,222-3,04,33,49,074 46,99,81,033 9,74,80,051-56,74,61,084 2,47,58,87,990 2,15,85,22, Other Civil Works 14,00,62,588 14,00,62,588 1,42,14,181 46,88,004-1,89,02,185 12,11,60,403 12,58,48, A d j Plant & Machinery & Hydraulic works 33,08,01,93,693 4,05,19,10,636 28,64,01,644 36,84,57,02,685 7,43,94,82,575 1,78,44,14,512 16,77,85,369 9,05,61,11,718 27,78,95,90,967 25,64,07,11, & Lines & Cable Net Work 53,27,57,66,296 9,57,82,59, ,74,18,89,631 15,05,31,28,634 2,76,31,86,479 5,99,36,647 17,75,63,78,466 44,98,55,11,165 38,22,26,37, Vehicles 14,22,11,066 21,18,332 15,43,479 14,27,85,919 9,62,20,224 3,82,267 6,74,751 9,59,27,740 4,68,58,179 4,59,90, Furniture & Fixtures 4,21,87, ,64,88,029 1,45,77,917 18,49,046 1,64,26,963 3,00,61,066 2,76,09, Office Equipments 22,84,37,788 13,74,39,339 2,41,540 36,56,35,587 5,57,08,701 1,50,75,700 1,28,087 7,06,56,314 29,49,79,273 17,27,29, (i) 89,73,37,27,519 14,20,38,16,669 40,03,23,252 1,03,53,72,20,936 23,14,33,13,265 4,66,70,76,059 22,85,24,854 27,58,18,64,470 75,95,53,56,466 66,59,04,14,254 (ii) Assets not in use ,69,06,843 28,35,27,782 28,75,73,350 1,28,61, ,28,61,275 1,69,06,843 (ii) 1,69,06,843 28,35,27,782 28,75,73,350 1,28,61, ,28,61,275 1,69,06,843 Grand (i+ii) 89,75,06,34,362 14,48,73,44,451 68,78,96,602 1,03,55,00,82,211 23,14,33,13,265 4,66,70,76,059 22,85,24,854 27,58,18,64,470 75,96,82,17,741 66,60,73,21,097 Previous Year 80,24,50,43,489 12,28,69,01,869 2,78,13,10,996 89,75,06,34,362 19,10,58,45,064 4,28,97,94,833 25,23,26,632 23,14,33,13,265 66,60,73,21,097 61,13,91,98,425 -

44 11.1 The fixed assets do not include assets acquired on sale-cum lease basis from various Financial Institutions, whereon the lease rent for the year is charged to revenue Land & Rights have been acquired pursuant to Power Sector Reforms Scheme as such title deeds pertaining to these assets in the name of erstwhile RSEB have been continued Cost of land and lease rent are accounted for at the time of payment on the basis of verification of demand raised by the concerned authorities Fixed Assets Register has been prepared upto and preparation of Fixed Assets Register for the period , & is under process Accounting Standard 28:- The management of company is of the view that there is no indication on the basis of which the impairment loss may be calculated. Also the following illustrative external and internal indication has also been checked for implementation of AS-28. i. Assets Market Value is always higher. ii. Company is engaged in the distribution and supply of electricity hence the question of adverse effect on the company due to change in technology, market condition, legal regulations does not arise. iii. Company is not having any other investment so there is no expectation about return on Investment iv. Repair & Maintenance and replacement of assets is the regular process for providing uninterrupted service to consumers so there is no any major obsolescence or physical damage of an assets. v. The use of assets has not changed for last several years. vi. There is no continues reduction in value of assets On the basis of these illustrative indications, the Impairment of Assets needs not to be done in the Books of Accounts for the F.Y The Value of fixed assets capitalised during the year have been increased by Rs Crore (P.Y. reduction of Crore) on account of Material Cost Variance apportioned to fixed assets.

45 12 :- Capital Work in Progress Account Code As at As at Opening Balance ,33,60,83,060 8,99,57,37,406 Additions/ (Disposals) 12,95,57,59,744 11,24,80,98,814 Capitalisation of Expenses 1,88,99,70,817 1,38,91,10,800 Transferred to Assets During the period 14,14,90,30,363 10,29,68,63,960 Closing Balance 12,03,27,83,258 11,33,60,83, Details of Capitalisation of Expenses on Fixed Assets: Expenses Opening Balance Addition Transfer to Asset Closing Balance Employee Cost Adminstration & Other Cost Finance Cost ,323,800 1,86,89,10,706 1,38,91,10,800 96,31,23, :- Inventory for Capital Works Account Code As at As at Capital inventory and stores :- Material Stock & Related Accounts & ,52,04,45,036 2,02,48,89,827 Material short & excess pending investigation JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 12.1 The details/ inventory of closing CWIP as on (incomplete work orderwise with value) have been prepared (Sub Division & Circlewise) based on standard issue rate as per SINs of material issued for Capital Works plus erection charges paid with reference to CLRC work orders, value of incomplete TW, Civil works and Ground balances , & ,13,063 (17,66,802) (2,64,78,803) (2,64,78,803) Less: Provision for Obsolete and Un-serviceable Stores 1,50,28,79,296 1,99,66,44, Based on the consumption pattern of inventory comprising of stores and spares in the past, company is of the view that substantial portion of such inventory shall be consumed in future for construction / erection of the capital assets. Since the identification / determination of inventory to be consumed for other than capital purpose is not possible at this stage, the whole inventory of stores and spares has been classified as "Capital inventory & stores" Final adjustment of Material stock shortage/ excess pending investigation would be carried out after investigation of reason and decision regarding final adjustment to be proposed Provision of obsolete stores for Rs. 26,478,803 (Previous Year Rs. 26,478,803) transferred under Transferred Scheme has been considered sufficient and no further addition has been made to it.

46 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 14 :- Deferred Tax Assets Disclosure in accordance with AS-22 "Accounting for Taxes on Income" Net Deferred Tax Assets after setting off deferred tax liability has not been considered in accounts on prudent basis as the company is virtually not certain about the income available in future due to the past accumulated unabsorbed losses. As at As at Deferred tax assets in the begning of the year (37,47,25,73,500) (24,92,83,36,201) Deferred Tax Liability on Depreciation Difference Depreciation as per Income Tax Depreciation as per Books Difference Deferred tax Liability on above difference A Deferred tax Assets on Carry forward losses B (C/F losses related to FY taken as per provisional return ) Deferred tax Assets on Provision on Employee Benefit C Deferred tax Assets on Provision on Gratuity & Pension Deferred Tax Assets During The year (Changes in DTA) Net Deferred Tax Liability / (Assets) at the end of the year 5,14,48,98,569 4,31,90,88,953 4,66,70,76,059 4,28,97,94,833 47,78,22,510 2,92,94,120 14,76,47,155 90,51,883 (9,53,60,29,170) (10,93,21,49,728) - (64,43,32,264) (1,62,11,39,454) (10,03,27,14,279) (12,54,42,37,299) (47,50,52,87,779) (37,47,25,73,500) 14.1 As per the provisions of the Accounting Standard- 22, deferred tax assets are not recognized in the accounts due to absence of virtual certainty supported by convincing evidence that sufficient future taxable income will not be available for realization of these assets Opening balance of DTA has not been considered, as no provision for DTA was made in Prev. year. 15 :- Long term Loans & Advances Account Code As at As at Unsecured & Considered Good Capital Advances Advance to RRVPNL Loans & Advances to Staff Other Parties Advances to others Claim receivable from Insurance Company for Loss by Fire ,68,98,022 39,68,98, ,121 6,72, ,05,64,260 8,86,20, XX XX 9,59,155 81,85,86, ,92,589 - Amount Recoverable from Suppliers ,16,492-85,87,94,639 1,30,47,77, Advance to RRVPNL includes Rs.360,488,647 against Land and Rs.36,409,375 against Capital Projects. 16 :- Other Non- Current Assets Account Code As at As at A. PDC Trade Receivables : Dues from PDC Consumers Net BD ,12,70,11,981 97,34,03,414 Dues from PDC Consumers Net ED ,74,78,025 4,40,56,311 Dues from PDC Consumers Urban CESS ,69,882 16,29,098 Dues from PDC Consumers Water CESS ,50,333 9,77,552 Sub (A) 1,17,86,10,221 1,02,00,66,375

47 B. Others (Refer note 16.3) Subsidies/Grants Receivables from State Government for Revenue Gap Amount recoverable from Govt. (Diffrence of Minimum Charges) Deferred Expenditure to the extent not written off (Refer Note No. 16.1) Less: Current portion of Deferred Expenditure to the extent not written off (Carried to Note No.20) Sub (B) ,55,00,30,000 20,40,53,64, ,04,66,73,136 1,04,66,73, ,46,629 56,02,417 (17,55,788) (17,55,788) 18,59,87,93,977 21,45,58,84,147 C. Other Receivable (A+B+C) ,71,76,381 47,16,75,180 20,21,45,80,579 22,94,76,25, :- Deferred Expenditure to the extent not written off (LIC-restructuring OF LOANS-2004) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance Account Code As at As at ,39,233 8,52,311 2,13,078 2,13,078 4,26,155 6,39,233 (LIC-restructuring OF LOANS ) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance (LIC-restructuring OF LOANS ) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance ,22,998 48,30,668 12,07,670 12,07,670 24,15,328 36,22,998 13,40,186 16,75,226 3,35,040 3,35,040 10,05,146 13,40,186 38,46,629 56,02, Loans taken from LIC have been restructured and Premium on restructuring is being written off as follows:- 1. LIC-restructuring Of Loans Years 13 th Installment. 2. LIC-restructuring Of Loans Years 12 th Installment. 3. LIC-restructuring Of Loans Years 12 th Installment Keeping in view the commitment of GoR in Finacial Restructuring plan (FRP), 2005 and retierated vide MoU executed on dated Revenue gap upto Rs crore had been depicted as subvention receivable from the State Government. However, considering the subvention distribution schedule decided in the State Cabinet meeting dated and also recognized in FRP Rs crore which would remain unfunded till 2022 had been reversed and shown as loss in FY Thus, net Rs crore has been considered as subvention receivable from the State Government against which commited amount is being disbursed by the GoR regularly. After implementation of UDAY scheme, considering the provision for Grant in the State Budget for the year and letter no. F7(06)/Energy/2016 dated of Energy Department, GoR, the management is of the view that till any further decision by the State Government regarding adjustment/release of Grant is taken, the same has been considered as receivable and accounted for as per the earlier decision of the State Cabinet which is also in consonance with AS-12.

48 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR CURRENT ASSETS 17 :- Trade Receivables Trade Receivables Unsecured and considered good (Refer Note No.17.1) Less: Provision for doubtful debts 17.1 :- Details of Trade Receivables Normal Trade Receivables : Sundry Debtors Collection Account Account Code As at As at XXX 10,50,06,72,743 11,24,51,94, ,04,03,55,952 1,04,03,55,952 9,46,03,16,791 10,20,48,38,715 Account Code As at As at ,10,26,19,538 10,77,53,32, / ,80,53,205 46,98,61,718 10,50,06,72,743 11,24,51,94,667 Account Code As at As at Normal Trade Receivables : Sundry Debtors for Sale of Power & ,19,39,76,853 9,92,07,26,926 Sundry Debtors for Electricity Duty ,36,33,410 62,44,11,515 Water Cess ,48,63,136 14,08,87,429 Urban Cess ,01,46,139 8,93,07,079 Sub- 10,10,26,19,538 10,77,53,32,949 Sundry Debtors Collection Account / ,80,53,205 46,98,61,718 Sub- 39,80,53,205 46,98,61,718 10,50,06,72,743 11,24,51,94, Provision for doubtful debts has been considered sufficient so no provision (P.Y. NIL) has been made during the year Age wise break up of Trade Receivables is not available. Hence the same has not been reported The figures under the head Trade Receivables for sale of power (Normal & PDC Trade Receivables) as per accounts are excessive in comparison to computerised MIS. The said difference amount is Rs. 65,784, (Previous year Rs. 310,415,951) which is under reconciliation Difference between Debit & Credit figures under the head Sundry Debtors Collection Accounts (Code & ) is under reconciliation Amount received from Large Industrial Consumers against fortnight bills issued in the month of March is credited under the head Advance Deposit against Consumption Charges (FNB).

49 18 :- Cash and Bank Balance Cash and Cash Equivalents Balances with Banks :- JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code As at As at Bank Deposits ,07,30,135 2,08,05,947 Current Accounts and Cash Credit from Bank & ,13,33,27,187 1,03,09,74,587 Cash in Hand ,68,65,084 12,94,06,673 Cheque/DD in hand ,33,53,692 4,97,20,233 Postage stamp in hand ,80,840 4,18,339 Sub total (a) 1,89,48,56,938 1,23,13,25,779 Others :- Remittances in Transit ,36,06,652 69,56,531 Cash Imprest with Staff & ,49,284 1,72,965 Depo.a/c.Govt. treasury PD a/c.i ,904 56,36,68,126 Sub total (b) 4,37,66,840 57,07,97,622 1,93,86,23,778 1,80,21,23,401

50 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 19 :- Short Term Loans & Advances Unsecured and considered good Loans & Advances to related parties Others Loans & Advances to Staff Other Parties Income Tax Deducted at Source Entry tax Advance to Suppliers(O&M) Int. Free Advance to Suppliers(O&M) Int. Bearing Advances to Supplier / Creditors (refer Note 19.1) Account Code As at As at ,43,965 45,36, ,59,12,756 2,81,76, ,31,97,918 4,72,68, ,48, ,54,35,277 50,59,42, ,56,75,161-7,94,65,371 1,29,17,715 30,54,30,448 59,95,90, :- Advances to Supplier / Creditors Account Code As at As at Advances to Supplier against purchase from M/S Nevyeli Lignite Corp ,02,44,683 - Against purchase from Ultratech Cement ,85,052 1,85,052 Against purchase from Ambuja Cement ,83,021 34,93,060 Against purchase of power J.K.Chem ,43,365 2,43,365 NTPC against Power Purchase ,91,571 Lib.for Power Purchase from Shree Cement Lib.for Power Purchase from Transtech Gr ,83,546 Lib.for Power Purchase from Sambhav/SM ,09,189 88,738 Lib.for Power Purchase from GMR ,32,322 7,94,65,371 1,29,17,715

51 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 20 :- Other Current Assets Account Code As at As at Interest accrued but not due ,12,257 27,80,577 Others:- Inter Unit Accounts 30.xxx-37.xxx 1,29,97,19,065 93,62,81,994 Prepaid Expenses ,56,28,811 3,13,03,175 Sundry Receivables (S.Debtors for sale of Store) ,94,58,388 9,52,98,596 Amount recov.from employees ,46,600 1,89,356 Miscellaneous Expenditure to the extent not written off (Refer to Note No.16) ,55,788 17,55,788 Unbilled Revenue net off advance consumption charges ,68,86,19,578 12,01,31,93,046 Subsidies/ Grants Receivables (Refer Note No. 20.5) ,73,00,05,727 6,06,76,65,394 Loss Due to Theft of Fixed Assets/ Inventory ,68,565 - Subsidy receivable against interest on bonds ,84,93,39,064 29,80,44,14,779 20,99,78,06,990 Unbilled Revenue accrued but not due Less: Advance Consumption Charges (FNB) ,76,42,83,000 12,08,24,35, ,56,63,422 6,92,41,954 13,68,86,19,578 12,01,31,93, Inter Company Receivables and Payables are shown after netting off In the opinion of the Management, the Current Assets and Loans & Advances are of the value as stated in the Accounts, if realized in the ordinary course of business The GoR signed a Memorandum of Understanding (MoU) on dt with the Discom to allow coverage of losses & minimum charges till F.Y , in view of the above said MOU, GoR has released Rs.2,719,800,000 ( P.Y. Rs. 2,589,900,000) in to Jodhpur Discom The Unbilled Revenue Rs. 13,688,619,578 ( P.Y. Rs. 12,013,193,046) is net off of advance consumption charges Rs.75,663,422 (Previous year 69,241,954) Subsidies/ Grants Receivables Amount recoverable from Govt.(Tariff Subsidy) Amount Receivable From Govt-Hailstorm Subsidies/Grants Receivable from State Govt. for Rev. Gap GBI Receivables. from IREDA Account Code As at As at ,84,57,77,834 3,24,80,82, ,33,978 4,33, ,85,49,29,382 2,71,93,95, ,88,64,533 9,97,53,681 14,73,00,05,727 6,06,76,65,394

52 21 :- Revenue from Operations Sale of Power (Refer Note No & 21.2 ) Other Operating Revenue (Refer Note No. 21.3) 21.1 :- Sale of Power JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code Account Code For the year ended 31st March, 2016 For the year ended 31st March, ,49,80,86,460 80,29,24,25,797 2,33,79,73,532 4,13,49,21,313 99,83,60,59,992 84,42,73,47,110 For the year ended 31st March, 2016 For the year ended 31st March, 2015 Revenue from Sale of Power ( Inter Companies ) Domestic ,69,90,95,972 11,48,51,41,655 Non-Domestic ,05,27,33,191 5,63,29,72,689 Public Street Light ,76,30,715 62,47,88,698 Agriculture Meter ,15,77,46,322 31,21,35,39,262 Agriculture Flat ,61,93,38,061 5,82,80,53,082 Agriculture Nursery ,65,084 1,13,81,909 Agriculture Poultry ,98,996 15,92,501 Small Industrial Power ,17,38,83,226 1,09,61,60,998 Medium Industrial Power ,82,86,50,926 3,22,10,30,168 Large Industrial Power ,58,23,57,775 7,25,40,38,493 Small Industrial Power (W/W) ,23,09,39,006 1,05,93,24,185 Medium Industrial Power (W/W) ,62,25,039 50,47,38,125 Large Industrial Power (W/W) ,87,15,61,155 2,23,80,50,575 Bulk Supply For Mixed Load ,09,70,59,466 1,76,67,80,330 Sub- 86,55,23,84,934 71,93,75,92,670 Electricity duty Recoverable ,20,82,82,764 2,97,33,16,935 Water Cess ,53,23,375 41,28,05,099 Urban Cess ,17,53,444 44,11,77,979 90,64,77,44,517 75,76,48,92,683 Meter Rent ,33,88,282 19,94,00,839 Transformer Rent ,41,05,507 3,89,37,937 Service Line Rental ,18,186 1,99,468 Recovery From Theft ,00,50,553 28,03,99,886 Fuse Charges ,57,831 Re-Connection Fee ,02,34,068 1,69,51,293 Public lightening maintanance.charges ,15,41,619 3,44,74,490 Fixed Service Charges ,57,14,57,045 7,23,19,12,214 Meter Box Charges ,19,64,248 1,84,59,032 Misc. Charges ,62,44,496 8,98,93,455 Notional Revenue Due To Reduction Of T&D Losses ,91,37,137 - Sub- 10,86,97,98,972 7,91,06,28,614 Grand 1,01,51,75,43,489 83,67,55,21,297 Less: Electricity Duty Payable Contra ,20,82,82,763 2,97,33,16,935 Less: Water Cess Payable Contra ,53,23,374 41,28,05,099 Less: Urban Cess Payable Contra ,17,53,444 44,11,77,979 Notional Revenue Due to Reduction of T&D Loss(Contra) ,91,37,137 - Net Revenue From Sale Of Power 97,16,30,46,771 79,84,82,21,284 Add: Receipt from sale of power through Trading Indian Energy exchange (IEX) ,48,139 99,73,921 Power Exchange India Ltd. (PXIL) ,23,91,550 43,42,30,592 Grand 97,49,80,86,460 80,29,24,25,797

53 Element Wise Analysis of Revenue from Sale of Power S No. Account Code For the year ended For the year ended 31st March, st March, Energy Charges ,88,53,82,546 73,14,73,01,573 2 Power Factor Surcharge (3,26,53,951) (1,59,02,800) 3 Fuel Surcharge ,46,06,524 30,38,38,469 4 Shunt Capacitor Surcharge ,00,16,864 41,07,34,319 5 Load Surcharge ,58,05,528 68,55,49,586 6 Adjustment of Past Billing (1,54,99,84,658) (2,58,99,97,654) 7 Other Charges (1,07,87,917) (39,30,823) 8 Sub (1 to 7) 86,55,23,84,936 71,93,75,92,670 9 Electricity Duty Recoveries ,20,82,82,763 2,97,33,16, Water Cess ,53,23,374 41,28,05, Urban Cess ,17,53,444 44,11,77, (8 to 11) 90,64,77,44,517 75,76,48,92, Meter Rent/Service Line Rental ,01,11,975 23,85,38, Recoveries for theft of Power/ Malpractice ,00,50,553 28,03,99, Misc. Charges from Consumers ,83,04,99,307 7,39,16,90, Notional Revenue due to reduction of T&D losses ,91,37, Gross Revenue from Sale of Power (12to 16) 1,01,51,75,43,489 83,67,55,21, Less : i) Electricity Duty Payable (Contra) ,20,82,82,763 2,97,33,16, ii) Other State Levies Payable WC(Contra) ,53,23,374 41,28,05,099 iii) Other State Levies Payable UC(Contra) ,17,53,444 44,11,77, Notional Revenue due to reduction of T&D losses(contra) ,91,37, Sub 18 to 20 4,35,44,96,718 3,82,73,00, Net Revenue From Sale Of Power 97,16,30,46,771 79,84,82,21,284 Add: Receipt from sale of power through Trading 22 Indian Energy exchange (IEX) ,48,139 99,73, Power Exchange India Ltd. (PXIL) ,23,91,550 43,42,30, Sub 23 to 24 33,50,39,689 44,42,04, Grand 97,49,80,86,460 80,29,24,25, :- Other Operating Income Account Code For the year ended For the year ended 31st March, st March, 2015 Delayed Payment Charges from Consumers ,22,11,40,136 1,93,81,02,313 Recovery from RVUN, true up credit ,68,33,396 79,32,00,000 Recovery from RVUN, true up credit - 1,40,36,19,000 2,33,79,73,532 4,13,49,21, Revenue from Sale of power includes provision for unbilled revenue of Rs. 13,764,283,000 (Previous Year Rs.12,082,435,000) Subsidy against ED Rs. 3,208,282,763 (PY:- 3,200,000,000) of this year has been recognized as subsidy income for the year.

54 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 22 :- Other Income Account Code For the year ended For the year ended 31st March, st March, 2015 Revenue from Subsidy & Grants (Refer Note. No. 22.1) 63.xxx 4,71,70,80,763 4,65,59,64,000 Income from sale of Stores & Scrap etc ,94,93,761 17,49,75,904 Deferred Revenue Income Written Off(Refer Note. No. 22.1) 64.4xx 1,39,70,57,955 1,16,41,52,270 Interest Income (Refer Note No. 22.2) ,15,00,443 2,41,04,049 Revenue from Testing Charges ,91,420 2,10,920 Gain on Sale of Fixed Assets ,89,07,763 22,92,35,412 Other non-operating income (net of expenses directly attributable to such income) (Refer Note No. 22.3) 44,62,98,949 32,80,82,087 7,00,05,31,054 6,57,67,24, :- Account Code For the year ended For the year ended 31st March, st March, 2015 Revenue from subsidies and grants ED Subsidy from State Govt. (Refer Note 22.4) Subvention from State Govt.for intt.diff.on WB loans Cash Support From State Govt Subsidy against Compounding Charges Subsidy against Stamp Duty Sub (1) Deferred Revenue Income Written Off Subsidy cost of Capital Assets written off Deferred Revenue Income written off Grants cost of Capital Assets written off Deferred Revenue CCSL written off ,20,82,82,763 3,20,00,00, ,03,62,000 3,36,00, ,38,92,00,000 1,32,30,00, ,92,36,000 2,57,36, ,36,28,000 4,71,70,80,763 4,65,59,64, ,44,969 15,44, ,91,080 51,91, ,55,77,638 15,11,01, ,95,01,083 44,95,01, ,42,30,975 7,42,30,976 Deferred Revenue CCSL written off ( ) Deferred Revenue CCSL written off ( ) ,96,59,361 9,96,59,361 Deferred Revenue CCSL written off ( ) ,56,40,259 10,56,40,259 Deferred Revenue CCSL written off ( ) ,31,16,146 16,31,16,149 Deferred Revenue CCSL written off ( ) ,41,67,269 11,41,67,269 Deferred Revenue CCSL written off ( ) ,84,29,175 - Sub (2) 1,39,70,57,955 1,16,41,52,270 6,11,41,38,718 5,82,01,16, :- Interest Income Interest on Loans and Advances to staff Interest from Suppliers Income from Fixed Deposits in Bank Interest on Income Tax Refund Account Code For the year ended For the year ended 31st March, st March, X X ,92,965 2,32,52, ,37,86,052 8,51, ,21,426 3,15,00,443 2,41,04,049

55 22.3 :- Other Non Operating Income S. No. Account Code 1 Miscellaneous receipts :- Rental from Staff Quarters Excess on Physical Verification Material Stock Sale of Tender Forms Registration Fees E- Auction Receipt CTL Fees MIS Receipt from Trading Rebate on Payments For the year ended 31st March, 2016 For the year ended 31st March, ,54,806 16,13, & , ,55,900 28,56, ,97,49,821 1,18,64, ,02, ,99, ,12, & ,23,70,307 2,96,26, ,000 - Hire & rental Charges of Machinery Income From Right Of Information ,475 30,090 Rebate/Discount Availed ,51,91,175 3,95,60,095 Other Misc. Receipts ,55,14,746 20,71,68,665 Supervision Charges - 3,53,32,557 44,62,98,949 32,80,82, Subsidy against ED Rs. 3,208,282,763 (Previous Year 3,200,000,000) of this year has been recognized as subsidy income for the year.

56 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 23 :- Purchase of Power Account Code For the year ended For the year ended 31st March, st March, 2015 Purchases of Power (Refer Note No. 23.1) 70.10X ,46,22,34,875 80,21,66,20,755 Transmission Charges , 184, 401, ,16,32,28,334 9,10,14,21,075 Unscheduled Interchanges (6,02,99,417) 81,83,76,298 State Load & Dispatch Charges ,46,47,880 8,96,87,195 Notional Cost of P.P. reduction-t&d Losses ,17,63,338 - Notional Cost of P.P. reduction-t&d Losses (Contra) (71,17,63,338) - 94,61,98,11,672 90,22,61,05, Pursuant to the provisions of the Electricity Act, 2003, w.e.f The company has started purchasing power at its own.for this purpose a separate cell, namely Rajasthan Discoms Power Procurement Centre (RDPPC), has been created which is looking after Power Purchase activity on behalf of the company The Power Purchase from RVUN has been arrived at by apportioning the total units of energy availability from all the power stations of RVUN in the approved predetermined ratio of 40:28:32 for the period of 1st April,2015 to 31st March, 2016 of JVVNL, AVVNL, JDVVNL respectively as per Energy Deptt. GoR Order No. F.15(4) Energy/2003/pt.II Jaipur Dated 18/06/2014 (Previous Year 40:28:32)The adjustment of underdrawal / overdrawal from the predetermined ratio as above, has been carried out at the end of financial year In respect of power being supplied by RVPNL through their shared project, the energy & cost is being accounted for as per bills raised by them. The energy cost towards such supply of power from RVPN s shared project is accounted for as per tariff & amount fixed by RERC. The RVPN is raising bills on this account on monthly basis proportionately of the total generation cost recovery fixed by RERC in RVPN s tariff order The adjustment of unscheduled interchange (UI) charges has been made on the basis of advices received from RVPN. The unscheduled interchange (UI) charges paid have been netted off with the unscheduled interchange (UI) charges received Cut off date for Power Purchase has been taken as 31st July, 2016 for incorporating adjustment relating to Power Purchase cost for the year and for the sister concern up to the date of finalization of accounts Bill towards sale of infirm power from the thermal generating station are raised by RVUNL towards recovery of of actual fuel cost in accordance with para of RERC Tariff Regulation, The Company has accounted the same on the basis of verification by SE (RDPPC) No Mega Volt Ampere Reactive (MVARH) Charges has been charged by RVUN during the financial year , However, a bill of Rs Crore for the year & has been raised by RVUN during the financial year As per clause 7 of RERC regulation 2010 obligation for financial year for purchase of renewable energy (RE)/renewable certificate (REC) was MU (wind %, Biomass % & Solar - 2% total % of Purchase) against which MU (9.58%) has been purchased by the Discom and balance obligation of MU amounting to Rs crore (considering pool per unit) remained as unfulfilled amount. 24 :- Repairs & Maintenance Account Code For the year ended For the year ended 31st March, st March, 2015 Plant & Machinery ,24,51,104 50,53,46,927 Buildings ,18,32,862 1,31,31,888 Civil Works ,77,585 19,02,858 Lines, Cables & Networks ,00,49,533 47,76,08,853 Vehicles ,04,46,062 1,18,62,770 Furniture & Fixtures ,28,717 3,15,342 Office & Other Equipments X 17,39,582 23,06,902 91,11,25,445 1,01,24,75,540

57 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 25 :- Employee Benefits Account Code For the year ended For the year ended 31 March, March, 2015 Salaries and incentives (Refer Note No. 25.1) ,96,92,61,138 4,36,36,97,055 Contributions to - D.L.I. Board's Contribution ,17,58,927 88,33,779 E.S.I. Board's Contribution ,53,357 21,60,193 Payment under Gr. Insc. By Nigam ,37,907 19,19,893 Payment under workmen Compensation Act ,67,58,382 4,76,53,051 Staff welfare expenses (Refer Note No. 25.2) ,42,98,171 6,68,46,134 Terminal Benefits (Refer Note No. 25.3) ,52,62,38,822 4,03,73,08,239 8,65,11,06,704 8,52,84,18,344 Less: Employee Cost Capitalised ,52,00,84,321 1,33,17,82,092 7,13,10,22,383 7,19,66,36, :- Salary & Incentives Account Code For the year ended For the year ended 31 March, March, 2015 Salary, Wages & Allowance Salaries ,12,86,91,381 2,04,18,24,706 Overtime ,61,36,020 1,57,92,419 Dearness allowance ,32,26,87,706 1,85,74,04,440 Dearness pay ,26,183 4,22,314 Other Allowances , ,26,22,973 24,00,72,480 Ex-Gratia & Bonus Payment & 615 7,06,03,518 6,86,38,500 Honorarium ,87,903 3,62,591 Earned leave encashment ,45,77,355 13,77,14,327 Incentive issue of first bill ,755 Incentives on R.C ,72,572 12,24,573 Incentive Others ,895 2,21,040 Conveyance Expenses ,632 8,910 4,96,92,61,138 4,36,36,97, :- Staff Welfare Expenses Account Code For the year ended For the year ended 31 March, March, 2015 Other Welfare Exp ,627 Medical Expenses Reimbursement ,09,83,854 2,03,40,616 Training Expenses ,50,879 6,73,803 Medical Expenses ,01,835 3,81,503 Gen.Group Inc. Employer's Share ,54,017 30,89,044 Uniform & Livery Expenses ,73,81,111 1,60,70,497 Soap & Duster ,23,232 31,61,255 Safety Devices ,09,90,569 2,23,75,122 Other Welfare Exp ,56,900 5,73,294 Annuity benefits ,13,650 1,81,000 Mediclaim Policy Premium ,97,497-9,42,98,171 6,68,46,134

58 25.3 :- Terminal benefits Account Code For the year ended For the year ended 31 March, March, 2015 CPF Boards Contribution ,65,78,356 11,08,23,952 FPS Boards Contribution ,43,84,713 9,25,68,059 Board's Contribution to Superannuation ,31,08,01,970 2,42,43,04,117 Terminal Benefits Gratuity ,21,00,918 1,04,79,76,233 Earned leave encashment ,99,43,985 36,16,35,878 Compensation charges ,28,880-3,52,62,38,822 4,03,73,08, Provision for DA arrears has been accounted for on the basis of pay + dearness pay for the period Jan to March., 2016 as increased by the State Government and subsequently adopted by the company Actuarial Calculations as per revised AS 15 Method:Projected Unit Credit Period Covered Assumptions Gratuity Pension Leave Encashment Discount Rate 7.75% p.a. 7.75% p.a. 7.75% p.a. Expected Return On Plan Assets 8% p.a. 8% p.a. N/A Mortality (Active Employees) 100% of IAL* 100% of IAL 100% of IAL future Salary Increases 5% p.a 5% p.a 5% p.a Disability nil nil nil Rate of Increase in Pension n.a. 4% p.a. n.a. Retirement 60 yrs 60 yrs - Employee turnover rates 1% 1% 1% * IAL : India Assured Lives Mortality ( ) Modified Ultimate. Changes in the Present Value of the Obligation and in the Fair Value of the Assets (Amount in lakhs) Gratuity Pension Leave Encashment P. V. of obligation Beginning Of The Period 27,288 2,37,617 12,788 Interest Cost 2,007 18,314 1,010 Current Service Cost 1,222 11,718 1,018 Past Service Cost 0 0 Benefits Paid (3,850) (11,823) Actuarial (gain) loss on Obligation 3,944 (4,470) -306 P.V. Of obligation End Of The Period 30,611 2,51,356 14,510 F.V. of plan Assets Beginning Of The Period 8,282 29,670 - Expected Return On plan assets 633 2,213 - Contributions 3,092 7,723 - Benefits Paid (3,850) (11,823) - Actuarial gain (Loss) Plan Assets (191) F.V. of plan Assets End Of The Period 7,966 28,015 - Actuarial gain (loss) to be recognised (4,135) (4,702) -

59 Balance Sheet Recognition (Amount in lakhs) Gratuity Pension Leave Encashment Present Value Of Obligation 30,611 2,51,356 14,510 Fair Value Of Plan Assets (7,966) (28,015) 0 Liability (assets) 22,645 2,23,341 14,510 Unrecognised Past Service Cost 0-0 Liability (asset) recognised in the B/S* 22,645 2,23,341 14,510 Profit & Loss - Expenses (Amount in lakhs) Gratuity Pension Leave Encashment Current Service Cost 1,222 11,718 1,018 Interest Cost 2,007 18,314 1,010 Expected Return On plan assets (633) (2,213) 0 Net Actuarial (gain) loss recognised in the year 4,135 (4,702) -306 Past Service Cost Expenses Recognised in the statement of Profit & Loss 6,731 23,117 1,722 Actual Return On Plan Assets (Amount in lakhs) Gratuity Pension Leave Encashment Expected Return On plan assets 633 2,213 0 Actuarial gain (Loss) Plan Assets Actual Return On Plan Assets 442 2,445 0 Movement in the net Liability recognised in the Balance Sheet (Amount in lakhs) Gratuity Pension Leave Encashment Opening net Liability 19,006 1,88,445 12,788 Expenses 6,731 30,261 1,723 Contribution (3,092) (10,759) - Closing Net Liability 22,645 2,07,947 14, No provision has been made in respect of HPL of employees accured during the year because a reliable estimate of the amount of the obligation can not be made as per AS - 29.

60 26 :- Finance Costs JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Interest expense (Refer Note No. 26.1) 28,54,65,03,653 25,58,71,26,763 Other Borrowing Cost (Refer Note No. 26.2) 2,80,36,25,357 1,54,89,78,750 Lease Rental ,49,775 31,35,01,29,010 27,13,88,55,288 Less: Finance Cost Capitalised ,61,04,188 37,33,22,221 31,02,40,24,822 26,76,55,33, :- Interest Expenses Account Code For the year ended 31 For the year ended 31 March, 2016 March, 2015 Bonds ,25,31,99,794 4,32,41,10,414 Less Subsidy on interest on Bonds (1,83,12,60,936) (4,13,67,39,064) 1,42,19,38,858 18,73,71,350 Fee Paid to ROC for raising Authorized Share Capital ,00,000 Loans from Financial Institutions , ,35,57,10,800 8,36,12,58,633 Loan from Commercial Banks ,36,43,20,878 16,63,79,78,895 Security Deposit to Consumer ,45,33,117 39,55,17,885 28,54,65,03,653 25,58,71,26, :- Other Borrowing Cost Finance Charges:- Delayed Payment Charges of Power Purchase Stamp duty/ Registration Fees Bank Charges on Remittance Bank Commission for Collection from consumer Other Bank Charges Guarantee Charges LC Limit Opening Charges Account Code For the year ended 31 March, 2016 For the year ended 31 March, ,91,36,64, , ,251 18,97, ,702 83, ,45,982 76,71, ,41,71,189 1,52,39,41, ,32,03,974 1,53,85,631 2,80,36,25,357 1,54,89,78, Interest on World Bank loan/ APDRP Loans received through State Government has been paid for full year irrespective of date of receipt Credit of accrued interest on consumer security deposit and interest on meter security in respect of permanently disconnected consumers (PDC s) are allowed only at the time of final settlement of the dues. 27 :- Depreciation and amortization expense Depreciation on Building Depreciation on Civil Works Depreciation on Plant & Machinery Depreciation on Line & Cable Network Depreciation on Vehicles Depreciation on Furniture & Fixtures Depreciation on Office Equipments Account Code For the year ended 31 For the year ended 31 March, 2016 March, ,74,80,051 9,34,84, ,88,004 47,09, ,78,44,14,512 1,62,44,01, ,76,31,86,479 2,55,20,12, ,82,267 4,41, ,49,046 14,19, ,50,75,700 1,33,27,102 4,66,70,76,059 4,28,97,94,833

61 28 :- Other Expenses Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Administrative and Other Expenses: Rent, Rates & Taxes ,56,032 31,38,417 License & Registration fee of Plant & Machinery ,25,29,200 1,01,63,000 Insurance ,16,047 42,91,507 Security Service Charges ,14,92,421 5,55,90,169 Telephone,Telex & EPABX Expenses , ,02,79,244 1,81,22,951 Postage & Telegram ,38,917 31,58,217 Service Charges E-AUCTION ,00,106 - Legal Charges, Technical Fees , ,52,18,628 1,01,09,579 Payment to Auditors ,93,870 7,80,247 Consultancy Charges ,10,19,787 1,52,01,381 Professional Charges ,893 66,873 Payment for Revenue Audit ,08,434 3,03,058 Travelling Exp. - Actual Fare & Other ,04,14,863 8,02,33,117 Transaction Fee IEX ,79,776 8,02,84,973 Fees Payable To PXIL ,98,893 News Paper & Magazines ,086 30,585 Vehicle Running Expenses ,47,77,794 10,36,16,044 Other Miscellaneous Expenses ,44,43,811 24,33,47,134 Freight & Material Related Expenses ,97,11,890 7,82,22,661 Sub 76,54,15,799 71,03,58,806 Less:Admin and other expenses capitalised ,42,03,825 16,38,06,394 (A) 56,12,11,974 54,65,52,412 Other Debits Deferred revenue exp.w/off ,55,788 17,55,788 Comp.For Int.Dth.Damage ,29,160 1,15,90,887 Bad Debts written off dues consumer ,02,90,738 25,67,167 Loss Due to Theft of Fixed Assets ,68,565 - Provision for Bad and Doubtful Debts ,99,50,895 (B) 2,95,44,251 14,58,64,737 Rebates allowed To Consumers : Discount to consumers for TP of bills ,450 - Rebate on Tariff on New Industries ,54,99,543 16,84,92,226 Rebate for supply on specific voltage ,82,19,633 6,77,03,378 Due to round off of Rupees ,235 2,07,575 Rebate to PSL for providing Timers ,22,30,246 3,05,75,745 Concession in Minimum Charges to K.JY.C ,78,820 - Rebate allowed by settlement committees ,94,852 1,99,29,001 Lps/Dps written off ,33,170 18,94,666 Rebate On account of Defective Meters ,14,594 - (C) 18,09,43,543 28,88,02,591 Grand [ (A)+(B)+(C)] 77,16,99,768 98,12,19, In the absence of determination of rent of buildings of Nigam occupied by other successor companies of erstwhile RSEB and vice versa neither income nor expenditure has been accounted for during the year Payment to Auditors JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Statutory Auditors ,27,500 4,21,350 Tax Auditors ,214 Cost Auditor ,000 35,580 Others ,285 2,94,103 Reimbursement of expenses ,085 1,36,098 5,93,870 9,16,345

62 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 29 :- Prior Period Items Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Income relating to previous year : Receipts from Consumer relating to prior period ,97,643 (6,28,19,907) Excess Provision for Int. & Fin. Charges (27,80,577) Other Excess Provision in prior period ,14,48,704 1,26,41,129 Other Income related to prior period ,68,09,56,616 (26,16,76,269) Sub 1,70,10,22,386 (31,18,55,047) Less : Prior period expenses/loss : Short Prov.for Power Purchase in prev.yr ,19,66,53,000 61,16,59,445 Operating Exp.of previous year (2,50,000) - Employees Cost rel.to prev.yr ,73,526 1,00,36,48,792 Int.& other fin.ch.rel.to prev.yr ,427 2,61,48,865 Material related exp.relating to prev.yr ,896 (37,83,332) Admin & general expenses (4,63,18,301) 4,40,00,358 Sub 2,15,15,08,548 1,68,16,74,128 (45,04,86,162) (1,99,35,29,175)

63 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 30 :- Earnings Per Equity Share (EPS) - Basic & Diluted EPS Basic & Diluted EPS Unit For the year ended 31 March, 2016 For the year ended 31 March, 2015 Net Profit after tax as per Statement of Profit and Loss attributable to Equity Shareholders (a) Weighted Average number of equity shares used as denominator for calculating EPS (b) Earning Per Share (EPS) (a/b) Face Value per equity share Rs. (32,73,86,55,265) (41,46,12,22,178) No. 4,31,60,14,472 3,39,17,68,652 Rs. (7.59) (12.22) Rs Details of Weighted Average No. of Shares Outstanding at the end of the year and No. of Shares Weighted Average No. of Shares Opening Balance of Shares Outstanding 3,58,74,24,200 1,58,83,46,000 3,58,74,24,200 1,58,83,46,000 Shares issued during the year :- on Dated: ,25,00,600-5,54,18, ,83,33,500-2,60,86, ,83,33,400-1,54,93, ,41,66,700-6,80, ,70,57,44, ,06,76,82,800 67,67,82, ,54,40,000 5,06,97, ,54,50,000 11,10,246 4,92,59,97,000 1,88,16,80,200 4,31,60,14,472 3,39,17,68,652

64 31 Other Disclosures JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Claims of interest subsidy for Rs. 15,079,150 (Previous year Rs. 15,079,150) has been lodged on PFC after compliance of terms and conditions of loan and the same is yet to be passed on by them. Contingent liabilities are not provided for in respect of:- (a) Letter of credit of Rs. 1,208,464,000 (Previous Year Rs. 1,138,308,000 ) have been utilized as on out of the total letter of credit exposure limit allowed by SBBJ of Rs. 1,300,000,000.(P.Y. Rs. 1,300,000,000) (b) Liability on account of legal cases against the Company pending at various levels of Courts & Departments is as follows:- Name of the Statute Nature of the Dues No. of cases Amount Involved(Rs.i n crores) Period to which it relates Forum where dispute is pending Rajasthan High Court, Jodhpur Compensation and Interest to 2016 Pending in Hon'ble Rajasthan High Court, Jodhpur Supremen Court of India, New Delhi Rev /Lease Rent/Actual Capital Exp/wealth tax/ sales tax/tariff/revenue/compensation/e D WCC/ service 64 Amount cannot be ascertained 1993 to 2015 Pending in Hon'ble Supreme Court, New Delhi. Rajasthan High Court, Jodhpur Miscelleneous 678 Amount cannot be ascertained 1997 to 2016 Pending in Hon'ble Rajasthan High Court, Jodhpur High Court Bench, Jaipur Service/ Compensation/Revenue/safety majors 30 Amount cannot be ascertained 1999 to 2014 Pending at High Court Bench, Jaipur. National Commission, New Delhi Revision/Appeal/ 29 Amount cannot be ascertained 1999 to 2015 Pending at Hon'ble National Commission, New Delhi. Rajasthan Electricity Duty 1962 Interest of Electricity Duty to Dy. Commissioner Commercial Taxes Department Rajasthan Electricity Duty 1962 Electricity Duty to Pending in Hon'ble Rajasthan High Court, Jodhpur Rajasthan Stamps Act, 1998 Stamp Duty on Loan to Decision is pending at State Govt. Income Tax Act, 1961 TDS and Interest thereon to Writ Petitions (10 Nos.) are Pending before Hon'ble Rajasthan High Court, Jodhpur. Income Tax Act, 1961 TDS and Interest thereon to Writ Petitions (6 Nos.) are Pending before Income Tax Appellate Tribunal, Jodhpur. A.Y No Pending Income Tax Act, 1961 Income Tax Assessment 1 11 to A.Y. Orders lying pending at CIT(Appeal). Demand (c) Liability of unexecuted supply amounting to Rs. 422,226,881 (Previous year Rs.524,758,814 /- ) (d) As per decision taken in 135th co-ordination committee meeting held on 5th March,2010,the Discom has agreed sum of Rs.26 lacs (PY- Rs.24 lacs) out of Rs. 75 lacs (PY- Rs.70 lacs) of State Renewal Fund & the provision has been kept accordingly. No provision of the balnce amount of Rs. 49 lacs (PY- 46 lacs) has been made.

65 (e) No Mega Volt Ampere Reactive (MVARH) Charges has been charged by RVUN during the FY , However, a bill of Rs Crore for the year & has been raised by RVUN during the financial year (f) Following amount have not been considered for payment due to the mentioned reasons :- S. No. Name of Power Suppliers Amount (in Rs.) Reasons Adani Power Binani Cement Sirohi Ultra tech Cement Raj west Power Limited CGPL (Compensatory Tariff) PTC (GoHP Wage Revision) 2,81,43,91,527 Under observation as matter is subjudicious under regulatory commission/aptel 1,47,667 Schedule not issued by SLDC 6,616 Schedule not issued by SLDC 10,08,51,556 Under observation as matter is subjudicious under regulatory commission/aptel 66,76,13,647 Stay from Hon'ble Supreme Court 2,97,810 Reply regarding payment from PTC is still awaited. 7 PTC (GoHP)- ULDC 1,28,780 Reply regarding payment from PTC is still awaited. Charges TOTAL 3,58,34,37, (g) As per clause 7 of RERC regulation 2010 obligation for financial year for purchase of renewable energy (RE)/renewable certificate (REC) was MU (wind %, Biomass % & Solar - 2% total % of Purchase) against which MU (9.58%) has been purchased by the Discom and balance obligation of MU amounting to Rs crore (considering pool per unit) remained as unfulfilled amount. Loss by fire occurred on in Jodhpur City store amounted to Rs. 11,502, out of which Rs. 2,209,634 has been received through sale of salvage stock remaining amount has been booked under the head receivables from Insurance Company, but claim is not yet finalized. ARR & Tariff petition for Financial year of Jodhpur Discom is filed on before the Hon'ble RERC. Order of same is still pending. (a) Embezellement of Cash of Rs. 3,72,002/- in the office of AEN(O&M), Sangaria, subdivision of Hanumangarh Circle. The full amount along with interest of Rs. 98,824 has been recovered. amount Rs. 470,830 recovered. (b) Embezellement of Cash done by cashier (consumer's collection not deposited in Nigam's A/C) of Rs. 394,445/- in the office of AEN(B-V), Jodhpur, subdivision of City Circle, Jodhpur out of which Rs. 363,000 has been recovered. (c) Embezellement of Cash done by E-Mitra, Kiosk, Bamerla (consumer's collection not deposited in Nigam's A/C) of Rs. 629,418/- in the office of AEN(O&M), Dhorimana, subdivision of Barmer and whole amount is recovered. (d) Embezellement of Cash of Rs. 6,266,794/- in the office of AEN (O&M-I), Sridungargarh, subdivision of Bikaner Circle. FIR has been lodged in police. During the year Provision of Rs. 8,768,568 has been made in respect of Losses of theft of stores amounting to 50% of total theft of Rs.17,537,128. Cash Robbry of Rs. 5,944,986/- in the office of AEN(O&M), Napasar, subdivision of Bikaner Circle. Out of which Rs. 58,07,000 has been recovered & Rs. 137,986 is still to be recovered. FIR has been launched. A stay against land situated at barmer khasra No has been issued by assistants district collector through summon No dated Information regarding related parties as required by AS 18 issued by the ICAI are given below: 1) List of related parties over which control exists NIL 2) Names of related parties with whom transaction were carried out during the year and description of relationship: (a) Key management personnel : i) Ms Arti Dogra, MD ( to ) ii) Smt. Kirti Kachhwaha, Director (Finance) ( to ) iii) Sh.Sunil Mehta,Director (Technical)( to ) iv) Sh.M.R.Vishnoi,Director (Technical)( to )

66 31.10 UDAY (Ujwal Discom Assurance Yojana) Scheme:- - The Ministry of Power, Government of India has notified on UDAY (Ujwal Discom Assurance Yojana) Scheme for the Financial Turnaround of Power Distribution Companies (DISCOMs) with an objective to achieve operational and financial turnaround of Discoms with measures envisaged in the scheme. The Tripartite MoUs amongst Government of India, State Government and Jodhpur Discom signed on with stipulating the responsibilities of all three stakeholders. The State Government has to taken over 75% Discom debt outstanding as on over two years i.e. 50% in FY16 and 25% in FY Information pursuant to the provisions of the Companies Act, 2013: (b) Details regarding parties referred to in item 2 (a) above : Salary & Allowances 35,66,962 Contribution towards pension CPF/ Gratuity Fund 86,933 36,53,895 According to the said scheme, the GoR has taken over JdVVNL s debt amounting to Rs Cr. on , Rs Cr. on dated Further, the Government of Rajasthan taken over 9.95% bonds of Rs Cr. by converting special securities in May 2015, issued under FRP Scheme 2012 treated as taken over under UDAY Scheme. Thus the total debt taken over by GoR under UDAY Scheme amounting to Rs Cr in FY by issuing Equity of Rs Cr. and Loan under UDAY scheme of Rs crore. Further, as per clause 7.2 of OM (UDAY) dated , JdVVNL issued 9.70% JdVVNL 2031 bonds amounting to Rs Cr. on Out of which Rs Cr. taken over/repaid under UDAY by GoR on and balance of Rs Cr. remained with Discom as on Discom would derive benefit through UDAY by way of saving in interest cost, reduction in AT&C and transmission losses, interventions in energy efficiency, coal reform etc. Due to continuing support of Government, implementation of UDAY Scheme as well as various measures taken by the company toward improving its operating and financial position, it is expected that the financial conditions would continue to improve in the future. The accounts are, therefore, being prepared on "Going Concern" basis. Units (MU) Amount (Rs.) Units (MU) Amount (Rs.) Purchase of Energy ,61,98,11, ,22,61,05,323 Less: Sale of energy through Power Exchange ,50,39, ,42,04,513 Net availability before Tr ,28,47,71, ,78,19,00,810 Loss Less: Transmission Losses (MU) Transmission Losses (%) Net availability after Tr Energy Sold ,16,30,46, ,84,82,21,284 Distribution Losses(MU) Distribution Losses (%) T&D Losses (MU) T&D Losses (%) REC shall be free and fully empowered not to disburse any further assistance or shall have the option to recall the entire financial assistance released by REC, if it is found to its satisfaction that the financial assistance already disbursed has not been properly utilised or any default committed meeting its obligation and commitment to REC in terms of the provisions of the agreement. In the opinion of the management during the year no circumstances exist which may recall the assistance released by REC. All assets and liabilities are presented as current or non-current as per the criteria set out in Schedule III of the Companies Act, 2013 notified by the Ministry of Corporate Affairs vide notification No S.O. 447 (E) dated 28th February 2011 and S.O. 653 (E) dated 30th March Based on the nature of the products, power generating process and realisation, the Company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of current / non-current

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