PASCHIM GUJARAT VIJ COMPANY LIMITED

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Cleopatra Williams
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1 SOURCES OF FUNDS SHAREHOLDERS FUND PASCHIM GUJARAT VIJ COMPANY LIMITED Share Capital Share Capital Suspense 1A Share Application Money Reserves & Surplus Deferred Govt. Grants, Subsidies & Contributions LOAN FUNDS BALANCE SHEET AS AT 31 ST MARCH, 2009 Schedule Number As at 31 st March, 2009 As At 31 st March, Secured Loans Unsecured Loans TOTAL APPLICATION OF FUNDS FIXED ASSETS Gross Block Less : Accumulated Depreciation Net Block Assets not in use Capital Work-in-progress Investments 0.00 CURRENT ASSETS, LOANS & ADVANCES Inventories, Stores & Spares Sundry Debtors Cash & Bank Balances Loans & Advances Total Current Assets Less: Current Liabilities & Provisions Current Liabilities Provisions Total Current Liabilities & Provisions Net Current Assets Miscellaneous Expenditure ( To the extent not written off or adjusted ) TOTAL As per our report annexed of even date For Manubhai & Co. Chartered Accountants (H.M.Pomal) Partner M.No For and on behalf of the Board of Directors of Paschim Gujarat Vij Company Limited (M.B. Patel, GAS) Joint Managing Director (V.S. Gadhvi, IAS) Chairman and Managing Director (K. S. Malkan) GM (F&A) (Sudhir Bhatt) Company Secretary Place : Ahmedabad Date : 24 th Sep Place : Ahmedabad Date : 24 th Sep.2009

2 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH, 2009 Schedule Number 31st March, st March, 2008 INCOME Sale of Power Revenue Subsidies and Grants Other Income Excess provision written back TOTAL INCOME EXPENDITURE Fuel Purchase of Power Repairs & Maintenance Payments to and Provisions for Employees Interest and Finance Charges Administration and Other Expenses Depreciation Sub-Total Less:Expenses Capitalised Sub-Total Other Debits PROFIT / (LOSS) BEFORE TAX AND PRIOR PERIOD ADJUSTMENTS TOTAL EXPENDITURE Prior Period Expense (Net of Income) PROFIT BEFORE TAX Provision for Taxation Fringe Benefit Tax Income Tax Wealth Tax PROFIT AFTER TAX Balance of profit from last Balance Sheet Balance of profit Carried To Balance Sheet Statement on Significant Accounting Policy 27 Notes on Accounts 28 Earnings Per Share (in Rs.) Basic Diluted As per our report annexed of even date For Manubhai & Co. Chartered Accountants (H.M.Pomal) Partner M.No For and on behalf of the Board of Directors of Paschim Gujarat Vij Company Limited (M.B. Patel, GAS) Joint Managing Director (V.S. Gadhvi, IAS) Chairman and Managing Director (K. S. Malkan) GM (F&A) (Sudhir Bhatt) Company Secretary Place : Ahmedabad Place : Ahmedabad Date : 24 th Sep Date : 24 th Sep. 2009

3 SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 SCHEDULE: 1 SHARE CAPITAL Authorised Share Capital 100,00,00,000 Equityt Shares each of Rs. 10 each Issued Subscribed and Paid up Capital - 42,29,03,896 Equity Shares of Rs. 10 fully paid up (Previous Year:50,100 Equity Shares, out of these 50,000 Equity Shares are held by holding company - Gujarat Urja Vikas Nigam Limited) Total (i) Out of the above 42,29,03,796 Shares are held by holding company Gujarat Urja Vikas Nigam Ltd. (ii) During the year 21,74,08,813 shares were allotted to holding company Gujarat Urja Vikas Nigam Limited in terms of GoG resolution Dt as Note No. 2 in Schedule 28 SCHEDULE: 1A EQUITY SHARE CAPITAL SUSPENSE Equity Share Capital Suspense A/C Total SCHEDULE: 2 SHARE APPLICATION MONEY Share Application Money Total SCHEDULE: 3 RESERVES & SURPLUS Securities Premium Account Surplus as per Profit & Loss Account Total

4 SCHEDULE: 4 SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 DEFERRED GOVT. GRANTS, SUBSIDIES & CONTRIBUTIONS Subsidies towards Cost of Capital Assets Grants towards Cost of Capital Assets Consumer Contribution towards Capital Assets Total SCHEDULE: 5 SECURED LOANS LOANS ALLOCATED BY GUVNL BORROWINGS FROM BANKS Term Loans Interest Accrued and Due as above Liability under Deferred Payment Gurantee Cash Credit Sub-total LOAN FROM FINANCIAL INSTITUTIONS Total

5 SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 SCHEDULE: 6 UNSECURED LOANS BONDS LOAN FROM GOVERNMENT OF GUJARAT Loan under APDP ADB Loan for Earthquake ADB Prog. & Proj. Loan LOAN FROM OTHERS Loan from Others Loans from REC Total SCHEDULE: 8 INVENTORIES, STORES & SPARES Stock of materials at O&M Stores Stock of materials at Other Stores Materials at Site (Operation & Maintanance) Materials in Transit Other Materials Accounts Excess/shortage of stock pending investigation Provision for losses pending investigation Total

6 SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 SCHEDULE: 9 SUNDRY DEBTORS SUNDRY DEBTORS (UNSECURED, CONSIDERED GOOD) See Note No.14 (b) In Schedule 28 Sundry Debtors for Sale of Power Provision for Unbilled Revenue Dues from PDC (Net of S D forefeited) Sundry Debtors for Misc. Receipts from Consumers Sub-Total Less : Unposted Receipts Sub-Total Less : Provision for Doubtful Debts Sub-Total Less: Deferred E D & T S E from Consumers Total SCHEDULE: 10 CASH AND BANK BALANCES Cash on hand Balance with Scheduled Banks : In Current Accounts In Fixed Deposit Accounts Remittance in Transit TOTAL SCHEDULE: 11 LOANS AND ADVANCES (Unsecured considered good unless otherwise specified for which company holds no security or other than the personal security) Advances Recoverable in Cash or in kind or for value to be received Loans & Advances to Staff Interest Accrued but not due on Loan Deposits Advances to fellow Subsidiary Companies Electricity Duty recoverable from State Government Other Advances (Inter Unit Balances) TOTAL

7 SCHEDULE: 12 CURRENT LIABILITIES SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 Sundry Creditors Advance received from fellow Subsidiary Companies Deposits Interest Accrued But Not Due on loans Other Current Liabilities TOTAL Note : No amount was due and outstanding as on to be transferred to Investment Education and Protection fund. SCHEDULE: 13 PROVISIONS Income Tax Fringe Benefit Tax Wealth Tax Leave Encashment TOTAL SCHEDULE:14 MISCELLANEOUS EXPENDITURE (TO THE EXTENT NOT WRITTEN OFF OR ADJUSTED) Deferred revenue Expenses as per last Balance Sheet Addition during the year Sub-Total Less: Adjusted during the year TOTAL

8 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31 ST MARCH, 2009 SCHEDULE: 15 REVENUE FROM SALE OF POWER Revenue from Sale of Power Domestic or Residential Commercial Industrial low & medium voltage Industrial high voltage Public lighting Irrigation agricultural Public water works and sew.pumps Total revenue from sale Electricity Duty & Tax on Sale of Electricity Ele. Duty - assessed TSE-assessed Total Duties & Taxes Inter State Sale Total Miscellaneous Revenue from Consumers Meter Rent / Service Line Rental Recoveries for Theft of Power / Malpractices Non- Consumers Misc. charges from consumers Total Miscellaneous revenue Gross revenue from sale of power Less:Ele. Duty assessed (contra) TSE assessed (contra) TOTAL SCHEDULE: 16 REVENUE SUBSIDIES AND GRANTS Agriculture Subsidy (H P Based) TOTAL

9 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31 ST MARCH, 2009 SCHEDULE: 17 OTHER INCOME INTEREST Interest on Staff Loans and Advances Interest on Other Loans and Advances Delayed Payment Charges from Consumers Total Interest APDRP Incentive Cash Discount Penalties received from Suppliers (Net of Refund) Gain on Sale of Fixed Assets Grant for Energy Conservation from Govt. of Gujarat Miscellaneous Income Govt Grants / Consumers Contribution (Deferred amount Waiver of interest on State Govt. Loans TOTAL SCHEDULE: 18 PURCHASE OF POWER Power purchased from GUVNL Wind Farms Wheeling Charges Total SCHEDULE: 19 REPAIRS & MAINTENANCE Repairs & Maintenance Plant & Machinery Buildings Civil Works Lines, Cable Network etc Vehicles Furniture, Fixtures Office Equipments (Including Rs. 2,02,11,784/- for user charges of E-Urja. P.Y Rs. Nil) TOTAL

10 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31 ST MARCH, 2009 SCHEDULE: 20 PAYMENTS TO AND PROVISIONS FOR EMPLOYEES Salaries & Allowances Terminal Benefits Contribution to PF & Other Funds Gratuity Staff Welfare TOTAL SCHEDULE: 21 INTEREST AND FINANCE CHARGES Term Loans Cash Credit Others Bank Charges & Guarantee Fees TOTAL SCHEDULE: 22 ADMINISTRATION & OTHER EXPENSES Rent Rates & Taxes Insurance Telephone Expenses Auditor's Remuneration Travelling & Conveyance Printing & Stationery Computer Expenses Advertisement Donation Electricity Charges Expenditure on Training to Staff Legal & Professional Fees Miscellaneous Expenses TOTAL

11 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31 ST MARCH, 2009 SCHEDULE: 23 DEPRECIATION AND RELATED DEBITS Amortisation of Lease hold Land Depreciation on Buildings Depreciation on Hydraulic Works Depreciation on Other Civil Works Depreciation on Plant & Machineries Depreciation on Lines & Cable Net Works Depreciation on Vehicles Depreciation on Furniture & Fixtures Depreciation on Office Equipments TOTAL SCHEDULE: 24 OTHER EXPENSES CAPITALISED Employee Costs Administration & General Expenses Interest TOTAL SCHEDULE: 25 OTHER DEBITS Written down value of assets scrapped Loss on Sale of Fixed Assets Research & Development Expenses Bad & Doubtful Debts Written off / Provided for Miscellaneous Losses & Write-offs Sundry Expenses TOTAL

12 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31 ST MARCH, 2009 SCHEDULE: 26 PRIOR PERIOD (INCOME) / EXPENSES PRIOR PERIOD INCOME Interest income for prior periods 0.19 Depreciation Interest & Finance Charges Power Purchase Other Income Total PRIOR PERIOD EXPENSE Employees Cost Depreciation Interest & Finance Charges Admn. Expenses Other Excess Provision Other Adjustments Total Net Prior Period (Income) / Expense

13 SCHEDULES FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009 SCHEDULE: 18 PURCHASE OF POWER Power purchased from GUVNL Wind Farms Wheeling Charges TOTAL

14 SCHEDULE-7 FIXED ASSETS ASSETS AS AT ADDITIONS DURING THE YEAR SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31 ST MARCH, 2009 GROSS BLOCK DEPRECIATION NET BLOCK DEDUCTIONS DURING THE YEAR AS AT AS AT ADDITIONS DURING THE YEAR DEDUCTIONS / ADJUSTMENT WRITTEN BACK DURING THE YEAR (See Note No.16(iV) In Shedule 28 ) AS AT AS AT Amount in Lacs AS AT LAND & LAND RIGHTS BUILDINGS HYDRAULIC WORKS OTHER CIVIL WORKS PLANT & MACHINERY LINES & CABLE NET-WORK VEHICLES FURNITURE-FIX & ELECT-LIGHT& FAN INST OFFICE EQUIPMENT TOTAL PRIVIOUS YEAR( )

Manappuram Finance Limited (formerly Manappuram General Finance and Leasing Limited)

Manappuram Finance Limited (formerly Manappuram General Finance and Leasing Limited) Balance Sheet as at September 30, 2011 Schedule SOURCES OF FUNDS Shareholders' funds Share capital 1 1,667.50 833.75 Share application money pending allotment 111.03 - Reserves and surplus 2 20,003.34