PASCHIM GUJARAT VIJ COMPANY LIMITED--RAJKOT       2nd Quarter        ( Rs.crores)
IV --  FINANCIAL  DATA						2013-14 2nd Qtr								Page : 4
						Curreent Year 2013-14 Provisional				Previous Year 2012-13				% Change
						Quarterly		Cumulative		Quarterly		Cumulative		Quarterly	Cummulative
A	Revnue:
	1	Sale of Electricity				2427.00		4561.65		2449.99		4651.34		-0.94	-1.93
	2	Government Subsidy				0.00		0.00		203.47		203.47		-100.00	-100.00
	3	Other Income				16.57		42.23		43.67		119.79		-62.05	-64.74
	4	Total Revenue				2443.57		4603.88		2697.13		4974.60		-9.40	-7.45
B	EXPENSES:
	Operating Expenses:
	1	Power Purchase Costs				2219.86		4586.04		2304.01		4527.87		-3.65	1.28
	2	Fixed				0.00		0.00		0.00		0.00
	3	Variable				0.00		0.00		0.00		0.00
	4	Fuel Expense				0.00		0.00		0.00		0.00
	5	Employee cost				114.74		227.96		139.27		242.86		-17.61	-6.13
	6	Repairs and Maintenance				21.70		46.94		15.15		39.52		43.21	18.76
	7	Administrative and General Expenses				22.12		44.79		25.80		49.49		-14.25	-9.49
	8	Other Operating Costs				1.26		3.13		3.06		44.59
	9	Depreciation				99.43		187.22		90.72		156.07		9.60	19.96
	10	Interest				7.51		14.13		70.22		72.87		-89.31	-80.61
	11	Other Expenses (including capitalisation)				0.00		0.00				0.00		#DIV/0!
	12	Taxes, if any				0.00		0.00				0.00		#DIV/0!
	13	Total expenses				2486.62		5110.20		2648.23		5133.27		-6.10	-0.45
C		Surplus (deficit) excluding rate of return
D		Calculation of Return
ASSUMPTIONS:
1	Quarterly results are provisional  as the same are not audited.
2	Subsidies are usually received at the year end, hence they have not been considered in the quarterly results
3	Power Purchase cost is considered on the basis of Bill raised by GUVNL, However the same is revised by GUVNL at the year end.
4	Interest on Borrowings is given by GUVNL at the year end, hence the same has not been considered in quarterly results
5	The expenses are capitalized at the year end, hence they have not been considered in quarterly results.