PASCHIM GUJARAT VIJ COMPANY LIMITED--RAJKOT       4th Quarter        ( Rs.crores)
IV --  FINANCIAL  DATA					4th 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			2347.69		7797.82		2019.71		6322.08		16.24	23.34
	2	Government Subsidy			406.94		406.94		397.50		397.50		2.37	2.37
	3	Other Income			77.54		200.22		123.00		157.20		-36.96	27.37
	4	Total Revenue			2832.17		8404.98		2540.21		6876.78		11.49	22.22
B	EXPENSES:
	Operating Expenses:
	1	Power Purchase Costs			1706.14		7593.52		1405.49		6003.88		21.39	26.48
	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		1.00
	5	Employee cost			135.12		454.07		125.20		390.29		7.92	16.34
	6	Repairs and Maintenance			4.95		70.31		2.53		69.13		95.65	1.71
	7	Administrative and General Expenses			28.68		91.22		22.40		80.28		28.04	13.63
	8	Other Operating Costs			3.00		15.42		77.47		81.69
	9	Depreciation			71.76		262.48		79.16		223.92		-9.35	17.22
	10	Interest			42.57		145.75		126.96		137.58		-66.47	5.94
	11	Other Expenses (including capitalisation)			0.00		0.00		0.00		0.00		#DIV/0!	#DIV/0!
	12	Taxes, if any			5.41		5.41		21.53		21.53		-74.87	-74.87
	13	Total expenses			1997.63		8638.18		1860.74		7009.30		7.36	23.24
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.
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