PASCHIM GUJARAT VIJ COMPANY LIMITED--RAJKOT       1st Quarter        ( Rs.crores)
IV --  FINANCIAL  DATA						2013-14 1st Qtr								Page : 4
						Current Year 2013-14 Provisional				PREVIOUS YEAR 2012-13				% Change
						Quarterly		Cumulative		Quarterly		Cumulative		Quarterly	Cummulative
A	Revnue:
	1	Sale of Electricity				2134.65		2134.65		2201.35		2201.35		-3.03	-3.03
	2	Government Subsidy				0.00		0.00		0.00		0.00		#DIV/0!	#DIV/0!
	3	Other Income				25.66		25.66		76.12		76.12		-66.29	-66.29
	4	Total Revenue				2160.31		2160.31		2277.47		2277.47		-5.14	-5.14
B	EXPENSES:
	Operating Expenses:
	1	Power Purchase Costs				2366.17		2366.17		2223.86		2223.86		6.40	6.40
	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				113.22		113.22		103.59		103.59		9.30	9.30
	6	Repairs and Maintenance				25.24		25.24		24.37		24.37		3.57	3.57
	7	Administrative and General Expenses				22.67		22.67		23.69		23.69		-4.32	-4.32
	8	Other Operating Costs				1.87		1.87		41.53		41.53
	9	Depreciation				87.79		87.79		65.35		65.35		34.34	34.34
	10	Interest				6.62		6.62		2.65		2.65		149.81	149.81
	11	Other Expenses (including capitalisation)				0.00		0.00		0.00		0.00		#DIV/0!	#DIV/0!
	12	Taxes, if any				0.00		0.00		0.00		0.00		#DIV/0!	#DIV/0!
	13	Total expenses				2623.58		2623.58		2485.04		2485.04		5.57	5.57
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.