PASCHIM GUJARAT VIJ COMPANY LIMITED--RAJKOT       2nd Quarter        ( Rs.crores)
IV --  FINANCIAL  DATA					2nd Qtr 2011-12								PAGE:10
					Curreent Year 2011-12 Provisional				Previous Year 2010-11				% Change
					Quarterly		Cumulative		Quarterly		Cumulative		Quarterly	Cummulative
A	Revnue:
	1	Sale of Electricity			1912.74		3645.54		1548.46		2902.14		23.53	25.62		1256.37	2989.17
	2	Government Subsidy			0.00		0.00		12.45		13.03		-100.00	-100.00		99.37	198.75
	3	Other Income			36.85		71.09		12.43		25.02		196.46	184.13		36.85	71.09
	4	Total Revenue			1949.59		3716.63		1573.34		2940.19		23.91	26.41
B	EXPENSES:
	Operating Expenses:
	1	Power Purchase Costs			1756.91		3476.18		1445.75		2991.07		21.52	16.22		Purchase of Power from Others			16.61
	2	Fixed			0.00		0.00		0.00		0.00					Purchase of Power from GUVNL			3459.57
	3	Variable			0.00		0.00		0.00		0.00					Fuel Expenses
	4	Fuel Expense			0.00		0.00		0.50		1.00					Repairs & Maintenance			41.88	18.81
	5	Employee cost			106.22		209.25		95.24		179.53		11.53	16.55		Payments to and Provisions for Employees			209.25	106.22
	6	Repairs and Maintenance			18.81		41.88		19.36		46.86		-2.84	-10.63		Interest and Finance Charges			68.79	34.40
	7	Administrative and General Expenses			20.92		41.18		18.05		33.35		15.90	23.48		Administration and Other Expenses			41.18	20.92
	8	Other Operating Costs			11.61		12.42		1.04		2.13					Depreciation			127.89	66.08
	9	Depreciation			66.08		127.89		44.81		93.14		47.47	37.31					12.42	11.61
	10	Interest			34.40		68.79		1.15		7.44		2891.30	824.60
	11	Other Expenses (including capitalisation)			0.00		0.00		0.00		0.00		#DIV/0!
	12	Taxes, if any			0.00		0.00		0.00		0.00		#DIV/0!			Power Purchase Costs			1719.27
	13	Total expenses			2014.95		3977.59		1625.90		3354.52		23.93	18.57		Fixed			0.00
C		Surplus (deficit) excluding rate of return														Variable			0.00
D		Calculation of Return														Fuel Expense			0.00
ASSUMPTIONS:																Employee cost			103.03
1	Quarterly results are provisional  as the same are not audited.															Repairs and Maintenance			23.07
2	Subsidies are usually received at the year end, hence they have not been considered in the quarterly results															Administrative and General Expenses			20.26
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.															Other Operating Costs			20.81
4	Interest on Borrowings is given by GUVNL at the year end, hence the same has not been considered in quarterly results															Depreciation			61.81
5	The expenses are capitalized at the year end, hence they have not been considered in quarterly results.															Interest			34.39
																Other Expenses (including capitalisation)			0.00
							-65.36