PASCHIM GUJARAT VIJ COMPANY LIMITED--RAJKOT       1st Quarter        ( Rs.crores)
IV --  FINANCIAL  DATA					1st Qtr 2011-12								PAGE:10
					Current Year 2011-12 Provisional				PREVIOUS YEAR 2010-11				% Change
					Quarterly		Cumulative		Quarterly		Cumulative		Quarterly	Cummulative
A	Revnue:
	1	Sale of Electricity			1732.80		1732.80		1353.68		1353.68		28.01	28.01		2989.17	1256.37
	2	Government Subsidy			0.00		0.00		0.58		0.58		-100.00	-100.00		198.75	198.75
	3	Other Income			34.24		34.24		12.59		12.59		171.96	171.96		71.09	36.85
	4	Total Revenue			1767.04		1767.04		1366.85		1366.85		29.28	29.28
B	EXPENSES:
	Operating Expenses:
	1	Power Purchase Costs			1719.27		1719.27		1545.32		1545.32		11.26	11.26
	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		0.50		0.50
	5	Employee cost			103.03		103.03		84.29		84.29		22.23	22.23
	6	Repairs and Maintenance			23.07		23.07		27.50		27.50		-16.11	-16.11
	7	Administrative and General Expenses			20.26		20.26		15.30		15.30		32.42	32.42
	8	Other Operating Costs			0.81		0.81		1.09		1.09
	9	Depreciation			61.81		61.81		48.33		48.33		27.89	27.89
	10	Interest			34.39		34.39		6.29		6.29		446.74	446.74
	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			1962.64		1962.64		1728.62		1728.62		13.54	13.54
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.
						-195.60