TATA POWER DELHI DISTRIBUTION LIMITED€¦ · tata power delhi distribution limited . created date: 5/18/2016 4:48:56 pm

TATA POWER DELHI DISTRIBUTION LIMITED

C&II

V. SANKAR AIYAR & CO.CHARTERED ACCOUNTANTS

Satyam Cinema Complex, Ranjit Nagar Community Centre, New Delhi - I 10 008Frat No. I ZOZ, ZOS Ter. (011) 25702691, 25704639, 43702919

I a sol Tel. (011) 25705233, Terefax : (011) 25705232E-mail : [email protected]

lndependent Auditor's Report

To the Membens ofTata Power Delhi Distribution Limited(Formerly North Delhi Power Limited)

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of Tata Power Delhi Distribution Limited(Formerly North Delhi Power Limited) ('the Company'), which comprise the Balance Sheet as at 31{ March,2016, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of thesignificant accounting policies and other explanatory information.

Managemenfs Responsibility for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act,2013 ("the Act') with respect to the preparation of these standalone financial statements that give a true and fairview of the financial position, financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in lndia, including the Accounting Standards specified under Section 133of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisionsof the Act for safeguarding the assets of the Company and for preventing and detecting frauds and otherinegularities; selection and application of appropriate accounting policies, making judgments and estimates thatare reasonable and prudent; and design, implementation and maintenance of adequate intemal financial controls,lhat were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant tothe preparation and presentation ofthe linancial statements that give a true and fair view and are free from materialmisstatement, whether due to fraud or enor.

Audito/s Responsibility

Our responsibility is to express an opinion on these standalone financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters whichare required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act.Those Standards require that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.

NEW DELHIFRN 109208

An audit involves perForming procedures to obtain audit evidence about the amounts and the disclosures in the

financial statements. The procedures selected depend on the auditois judgment, including the assessment of the

risks of material misstatement of the flnancial statements, whether due to fraud or error. ln making those risk

assessments, the auditor considers internal financial control relevant to the company's preparation of the financial

statements that give a true and fair view in order to design audit procedures that are appropriate in the

circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the

reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall

presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit

opinion on the standalone financial statements.

Oplnion

ln our opinion and to the best of our information and according to the explanations given to us, the aforesaid

standalone financial statements give the information required by the Act in the manner so required and give a true

and fair view in conformity with the accounting principles generally accepted in lndia, of the state of affairs of the

Company as at 3ldMarch, 2016, and its profit and its cash flows for the year ended on that date.

Emphasis of MatteE

We draw attention to Note no. 32(e) of'Notes forming part of the standalone financial statements' regarding

uncertainties relating to disallowance of expenses by Delhi Electricity Regulation Commission (DERC). TheCompany had prefened an appeal before Appellate Tribunal of Electricity (ATE). ATE vide its Order dated

10.02.2015 has remanded back matter to OERC for final determination of Tariff rate. As stated in the Note, no

adjustment have been made for such disallowances to the Regulatory Asset estimated at Rs. 23,879 lacs relating

to Rithala Gas Plant as at 31d March 2016, which includes canying costofRs.2,566 lacs for the period'ldApril2015 to 31si March 2016- The impact of the above on the standalone linancial statements as at 31"r March 2016

cannot presently be determined by the Company, pending determination of tariff by DERC. Therefore, in view ofthe Company, supported by legal opinion, no adjustment has been considered necessary. Our opinion is notmodified in respect of this matter

Report on Other Legal and Regulatory Requirements

1. As required by Section 143 (3) of the Act, we report that:

(a) We have sought and obtained all the information and explanalions which to the best of our knowledge and

belief were necessary for the purposes of our audit.

(b) ln our opinion, proper books of account as required by law have been kept by the Company so far as it

appears from our examination of those books.

(c) The Balance Sheet, the Statement of Prolit and Loss, and the Cash Flow Statement dealt with by this Report

are in agreement with the books of account.

(d) ln our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified

under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(e) On the basis ofthe written representations received from the directors as on 31"'March, 2016 taken on record

by the Board of Directors, none of the directors is disqualified as on 31"r March, 2016 ftom being aPpointed

as a director in terms of Section 164 (2) of the Act

(f) Wth respect to the adequacy of the intemal financial controls over flnancial rePorting of the Company

and the operating effectiveness of such controls, refer to our separate Report in'Annexure A'. Our

report express an unmodified opinion on the adequacy and operating effectiveness of the Company's

intemal financial controls over financial reporting.

t.]EW DELHIFRN 10920

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(g) Wth respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of theCompanies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and accordingto the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its tinancial position in its financialstatements - Refer Note 24 to the financial statements;

ii. The Company did not have any long{erm contracls including derivative contrads for which there wereany material foreseeable losses.

iii. There were no amounts which were required to be transfened to the lnvestor Education and ProtectionFund by the Company.

2. As required by the Companies (Auditois Report) Order, 2016 ("the Ordef) issued by the Govemment of lndiain terms of suFseclion ('l'l) of section 143 of the Act, and on the basis of such checks of the books and records ofthe Company as we considered appropriate and according to the information and explanations given to us, wegive in the ?nnexure B' a statement on the matlers specified in the paragraphs 3 and 4 of the said Order.

For V. Sankar Alyar & Co.Charter€d AccountantslCAl Flm R6gn. No. 109208W

tu8?6Place : New DelhiDated: 136 May 2016

Ajay GuptaPartnerMembershlp No. 90104

NEV\J DELHIFRN 1092114W

cCaIYA R

iE RD AC'

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Annexure "A" to the lndependent Audito6' Report

(ReGred to ln Paragraph l(0 under 'Report on Other Logal and Regulatory requirements' of our report oneven date)

Report on the lnternal Financlal Controls over Financlal Reporting under Clause (i) of Sub€ection 3 ofSectlon l/l:l ot tho Act

We have audited the intemal financial controls over financial reporting of lhe Company as of March 31, 2016 inconiunction with our audit of the standalone financial statements of the Company for the year ended on that date.

Managomenfs Responsibility for lnternal Financial Controls

The Company's management is responsible for establishing and maintaining intemal fnancial controls based on

the intemal control over financial reporting criteria established by the Company considering the essentialcomponents of intemal control stated in the Guidance Note on Audit of lntemal Financial Controls over FinancialReporting (the'Guidance Note") issued by the lnstitute of Chartered Accountants of lndia (lCAl). Theseresponsibilities include the design, implementation and maintenance of adequate intemal financial controls thatwere operating effectively for ensuring the orderly and efficient conduct of its business, including adherence toCompany's policies, the safeguarding of its assets, the prevention and detection of frauds and enors, the accuracyand completeness of the accounting records, and the timely preparation of reliable financial information, asrequired under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's intemal linancial controls over financial reportingbased on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing,issued by lCAl and deemed to be prescribed under section 143(10) of the Act, to the extent applicable to an auditof intemal financial controls, both applicable to an audit of lntemal Financial Controls and issued by lCAl. ThoseStandards and the Guidance Note require that we comply with ethical requirements and plan and perform the auditto obtain reasonable assurance about whether adequate internal linancial controls over financial reporling wasestablished and maintained and if such controls operated offectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the intemal financial

controls system over financial reporting and their operating effectiveness. Our audat of antemal fnancial controlsover financial reporting included obtaining an understanding of intemal financial controls over financial reporting,

assessing the risk that a material weakness exists, and testing and evaluatang the design and operating

effectiveness of intemal control based on the assessed risk. The procedures selected depend on the auditor'sjudgement, including the assessment of the risks of material misstatement ofthe financial statements, whether due

to fraud or eror.

We believe that the audit evidence we have obtained is sumcient and appropriate to provide a basis for our audit

opinion on the Company's intemal financial controls system over financial reporting.

Meaning of lnternal Financial ConEols over Financlal RePorting

A Company's internal financial control over financial reporting is a process designed to provide reasonable

assurance regarding the reliability of linancial reporting and the preparation of financial statements for extemal

purposes in accordance with generally accepted accounting principles. A Company's intemalfinancial control over

financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in

reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (2)

provide reasonable assurance that transactions are recorded as necessary to permit Preparation of financial

statements in accordance with generally accepted accounting principles, and that receiPts and expenditures of the

Company are being made onty in accordance with authorisations of management and directors of the Company;

NEW DELHIFRr'l 109208

and (3) provide reasonable assurance regarding prevention or timely detec{ion of unauthorised acquisition. use,

or di;position of the companys assets thal could have a material effect on the financial statements.

lnherent Limltations of lnterfial Flnanclal Conttols over Financial Reportlng

BecauEe of the inherent limitations of intemal financial controls ovel financial reporting, including the Possibility of

collusion or improper management ovenide of controls, material misstatements due to error or ftaud may occur

and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to

future periods are subject to the risk thai the internal financial control over financial reporting may become

inadeqlate because oichanges in conditions, or that the degree of compliance with the policies or procedures

may deteriorate.

Oplnlon

ln our opinion, the company has, in all material resPecls, an adequate intemal financial controls system over

financial reporting and such intemal linancial controls over financial reporting were operating effectively as at 31d

March 2016, ba;d on the intemal control over linancial reporting criteria established by the Company considering

the essential components of intemal control stated in the Guidance Note issued by the lcAl

For V. Sankar Alyar & Co.Chartered AccountantslCAl Flrm Regn. No. 109208W

b'7fttPlacc : l{ew DelhiDated : 136 ilay 2016

Aiay Gupta.PaltnerMembershlp No. 90104

NEW DELITLFRN ,1O92OEW

N

rF I] ACCO

C3R

I

Annexur€ "B" to the lndependent Auditot3' Report

(Refetr€d to in Paragraph 2 under 'Report on other Legal and Regulatory Requir€ments' section of our

Report on even date)

i a) The Company has maintained proper records showing full particulars, including quantitative delails and

situation of fixed assets.

b) The company has a regular program of verification of fixed assets to cov6r all the items in a phased

manner over a period of three years which, in our opinion, is reasonable having regard to the size of the

Company and nature of its assets. Pursuant to the program, certain tixed assets were Physically verilied by

ttre Manigement, during the year. According to the information and explanations given to us no malerial

discrepancies were noticed on such verification.

c) The company does not own any land in its name. As regard the building, the company retains the

operational right over the building used for the purpose of carrying out distribution business under a license

granted by DERC. Thus, verification of title deeds is not aPplicable on building.

The inventories have been physically verified bythe management during the year. ln our opinion, the frequency

of verification is reasonable and no material discrepancies were noticed on physical verification

a) The Company has not granted any loans, secured or unsecured, to companies, firms, limited liability

partnerships or other parties required to be covered in the register maintained under section 189 of the Act.

Therefore, the provisions of clause 3(iii) (a) to (c) of the Order are not applicable

ln our opinion and according to the information and explanations given to us and the representation obtained

from the management (i) the Company has not granted any loans to any of its directors or any other person in

whom director is interested or given guaranlee or provided any security in connection with any loan taken by

him or such other person within the meaning of section 185 of the Act and (ii) the Company has not given any

loan, given any guarantee or provided any security in connection with a loan and acquired securities within the

meaning of section 186 ol the Act.

The Company has not accepted deposits within the provisions of sections 73 to 76 of the Act and the Rules

ftamed there under.

We have broadly reviewed the books of accounts maintained by the Company pursuant to the rules made by

the Cenlral Govemment for the maintenance of cost records under seclion 148(1) of the Act and are of the

opinion that prima facie, the prescribed accounls and records have been maintained. We have not, however'

made a detailed examination of the records for the year with a view to determine whether they are accurate

and complete.

a) According to the records of the company, the company has been generally regular in dePositing

unOisputeO Gtutory dues including provident fund, employees' state insurance, income-tax, sales-tax, service

tax, duty of customi, value added tax, cess and other material statutory dues with the appropriate authorities.

We are informed that there is no liability to the company on account of duty of excise. There were no anears

of undisputed statutory dues as at 31n March, 2016, which were outstanding for a period of more than six

months ftom the date they became payable.

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NE!ry DELHIFRN 109208

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O\JRD ACC

b) There are no disputed dues which have remained unpaid as on 31d March, 2016 in resPect of income tax

or sale tax or service tax or duty of customs or value added tax or cess except as follo$rs.

Name olStatute

lncome TaxAct, 1961

lncome TaxAct, 1961

lncome TaxAct, 1961

lncome TaxAct, 196'l

ln@me TaxAct, 1961

Nature of Dues

Demand of lnterest on short deduction

of TDS and tax on interest income.

Demand of lnterest on short deduclion

ofTOS and late deposit of TDS

Demand on account of disallowance

of certain expenses

Demand on short allo\ ance of TDS

and interest thereon

Oemand on account of disallowance

of certain expenses

Forum where Disouteis Dendino

Commissioner oflncome Tax (Agpeals)

Commissioner oflncome Tax (Appeals)

Commissioner oflncome Tax (Appeals)

Commissioner oflncome Tax (Appeals)

Commissioner oflncome Tax (Appeals)

Period to whichamount relates

FY 2007-08

Amounl lnvolved(Rs. ln lacs)

166.33

FY 2008-09

FY 2009-10

FY 201G1 1

FY 2011-',12

114.74

o.12

4.54

46.15

viii On the basis of the verification of records and information and explanations given to us, the Company has not

defaulted in repayment of loans and bonowings to financial institutions and banks. The Company does not

have any loans or bonowings from govemment or debenture holders in the books of accounts at any time

during the year.

ix The Company did not raise any money by way of initial / further public offer (including debt instruments) and

term loans taken during the year have been applied for the purPose for which they were obtainsd.

x Based on the audit procedure performed and the rspresentation obtained from the management, no material

fraud by the Company or on the Company by its officers and employees has been noticed or reported during

the year.

xi According to the informalion and explanations given to us and based on our examination of the records of the

Company, the Company has paid / provided for managerial remuneration in accordance with the requisite

approvals mandated by the provisions of section 197 read with Schedule V of the Act

xii The Company is not a Nidhi Company. Therefore, the provisions of clause 3(xii) of the Order are not applicable.

xiii According to the information and explanations given to us and based on our examination of the records of the

Company, transactions with the related parties are in compliance with section 177 and 188 of the Act where

applicable and details of such transactions have been disclosed in the financial statements as required by the

applicable accounting standards.

xiv During the year, the Company has nol made any preferential allotment or private placement of shares or fully

or parfly convertible debentures. Therefore, the provisions of clause 3(xiv) of the Order are not applicable.

xv According to the information and explanations given to us and the representation obtained from the

management, the Company has not entered into any non-cash transactions with directors or persons

connected with him. Therefore, the provisions of clause 3(xv) of the order are not applicable.

xvi ln our opinion and according to the information and explanations given to us, the Company is not required to

be registered under section 45-l ofthe Reserve Bank of lndia Act' 1934.

For V. Sankar Aiyar & Co.Chartered AccountantslcAl Fl]m Regn. No. 109208W

fut'16Place : New DelhlDated : 13s uay 2016

Alay Gupta.PartnerMembership No. 90104

NEW DELHIFRN 1O92O8W

Ct.l aR

T8D AC CO

TATA POWER DELTII DISTRIBUTIO]I LIIIITED(Form€rly NORTH DELHI FOWER Llt,lrTED)

BALANCE S}IEET AS AT 31 TARCH 20r.6

I. EQUITY AI{D UABILITIES

(1) Sha.€holdersr tunds(a) Share capltal(b) Reserves and surplus

NotoNo.

Aa at31,O3,2016

As at31.O3.20r5

Rs./Lacs Rs./L.cr

780.03Capital grants

Consumer contrlbuuon for capital wo.b (CCCW)

Non-curr€nt llablllties(a) Long-term borrowings

(ti) Oeferred tax liabilities (Net)Less: Adjustable in future tarifr

(c) Other long term liabllltles(d) Long-term provisions

910

(5) CuFent li.bllluss(a) Short-term borrowings 11(b) Trade payables L2

(i) total outstanding dues of micro enteo.ises and small enterprises(ii) total outstanding dues of creditors other than mlcro enterprises

and Small ente4,rlses(c) Other cunent liabllltles 13(d) Short-term provisions f4

TOTAL

II. ASSETS

939.993.35

326,67 L.A62,&9.36

(2)

(3)

(4)

@fub

161.619t,779.O5

74.89a8,374.49

34

6

7

I

59,O74.40

242,923.63

57,0OO.4757 000.47

830.07

50,717.65

302,321.96

52,2OO.4652 200./+6

16,660.96 8,252.57

(1) l{on-curent assets(a) Fixed assets

Tanglble assetsIntanglble assetsCapital work-in-progress

(b) Non-cunent lnvestments(c) Long-term loans and advances(d) Other non current assets - Regulatory Asset

(2) Currcnt a88€ts(a) Inventorles(b) Trade receivables(c) Cash and cash equivalents(d) Short-term loans and advances(e) Other current assets

See accompanying notes forming part of tlie financial statements

In terms of our report attached

For Y Sankar Aiyar & Co.Chartered Accountants

L6L718

344t244.005.00

4,576.88

328,339.565.00

4,536.36

15309,570.26

2,577.52

424 203.26773,O29.L4

L4 922.78 16 191.78

485 689.268

77 432.70

19202t2223

920.40L4,049.7416,980.4418,754.01

t,297.4516,606.14L8,779.t753,743.3176,538.14

TOTAL

166 9 .2L 128 137.29

939.993.35 945,707.47

1to45

For and on behall ot the Board of Directors

Aiay GuptaPartner

GhJ.\" l-_^--A ll SardanaChalrman

Arav KelsleCompany Secretary

Praveer SinhaCEO & Managlng Dlrector

NEI\i DELHIFRN ,I O92O8W

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New Delhl13 May, 2016

New Delhi13 May, 2016

Aray KapoolChlef Financial Offlcer

105,200.00 105,200.00208,205.95 198,892.31313,40s.95 304,092.31

77,932.022,850.36

323,706.01

76,094.L92,098.11

380,514.26

105,909.4228,511.92

243,O22.96

88,399.7925,451.45

210,553.18

91d7oL0'

TATA POWER DELHI DISTRIBUTIOI{ LI"ITED(FormGrly NORTH DELHI POWER tI fTED)

STATEITaENT OF PROFTT Al{D LOSS FOR THE YEAR EiDED 31 llARCH, 2015

NotC Yeal cndcd31.03.2015

Ycar ended31.O3.2015No

1 Revenue from oOerationsLess: enerqy tax

ICO E

AJay GuptaPartner

25

27

29301531

32

Chairman

643,535.2527,412.50

Rs./l.acs

687,451.6529 374.60

658,077.0577 336.45

675,413.50

5,799.11

Rs./Lacs

2 Other op€rating incgme3 Total Revenue from operations

4 Other income

5 Total income

EXPENSES

6 Fuel cost7 Cost of power purchased (net) (excludes own generation)I Emoloyee benefits expense9 Finance costs10 Depreciation and amortisation expense11 Other exp€ns€s

26

2A

I

34

6L6,r22.7515 570.s3

631,593.28

3,579.01

535,272.29

(240.3s)465,3A6.7235,464.5140,023.65r7,850.5125,454.94

491,002.9s32,574.4344,537.3317,418.8926,743.33

12 Total

PROFTT/(LOSS) BEFORE TAX A RATE REGUIITED ACTTYTTIES

13 Requlatory Income/(ExDense)

PROFTT/ (LOSS) BEFORE TAX

22,955.36

2L,L7A.OO

44,133.36

97,272.67

(63,803.00)

33,469.67

7,533.33

583,939.94 612 315.93

10,534.55

6,9L7.23(6,911.23)

14 Tax exDense- Current tax- Deferred tax

Provision l5or the current yearLess: Adiustable in future tariff

tuft6

4,800.01(4,800.01)

PR,OFTT/ (LOSS) AFTER TAX

Basic and Diluted Earninqs r|er share (Rs.)

See accompanying notes forming part of financial statements 1 to 45

In terms of our report attached

For V Srnkar Aiya. e Co.Charter€d Accountants

25 836.34

3.37

For and on behalf of the Eoard ol Directors

p,.-FJ:e

Ani Sardana

33 598.81

4.78

Aray KalsieCompany Secretary

Praveer SlnhaCEO & Ptanaging Director

Aray KapoolChief Financlal Oficer

AILNEIry DELHI

FRN 1O92O8W

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New Delhi13 I'lay, 2015

New Delhi13 Flay,2015

641.217.61

TATA POWER DELHI DISTRIBUTIO LIMITED(Formrrly ORTH DELHT POWER LIl,llTED)

CASH FLOW STATE].IENT FOR THC YEAR ENDED 31 ]i{ARCH, 20T6

- Ycar crdcd31.03.20t6

Yaar anded31.03.20r.5

Rr./ L.cr ns-/Lacr

33,469.67 44,133.36A. Cash llow from Operaung Activltlaa

Net profit before taxAdiustments for :

Depreciation and amortisatlonFinance cosEInterest incomeNet qain on sale of current lnvestmenLs (non-trade)Loss on sale / reurement of assetsTrdnsfer of caoital erants / cccwObsolete inventory vrritten off / Drovlslon for obsolete lnventoryB.d debts written ofr' Provision for ContlnqenclesProvision for doubtful debLs / advances

ODeratino orofft before worklno ca9ltal chanqesChanges in $,orking capltal:Adlustments for (increase) / decrease ln operauna assets:

InventoriesTrade receivablesShort term loans and advancesLonq term loans and adYancesOther non current assetsOther cu.rent assets

Adlustments for increase / (decreas€) in operaBna llabllltles:Trade gaYablesOther current liabllltlesOther lonq term liabilitiesShort term provlsronsLonq term provldons

Cash qenerated from oDerduonsTaxes gald (lncludinq tax deducted at source)et Cash frcm/(usad in) opc..dng actlyltle3 '

B, Cash Flow from Iny€Edllg AcdvltlcsPurchase of fixed assetsProceeds from sale of flxed assetsInterest receivedPurchas€ of current investmentsSale of current investments

et C.sh from/(G.d i[) lnvGdng Acuyldt.C. Cash Flow from Fitlancing Acdvlllaa

Interest paid on long term loansInterest paid on short term loansInterest paid on consumer deposltsOther lnteresvborrowing cost paldProceeds of short term loansRepayment of short term loans(Repayment)/proceeds fi'om cash credlt accountsProceeds of long term loansRepayment of long term loansProceeds from capltal granLrcccwConsumers' secunw deDositsDlvidend paid (including dividend tar)]{et cEsh trorn/(ui.d in) Flnanclng lctlvltl..Net decrease in Ca6h and Cash Equlval6ntt

17,850.5140,023.55(1,245.80)

(176.28)617.61

Q,443.21)118.05200.84

3,500.45(r.405.77'.)

17,418.8944,537 .33

(710.84)(115.94)

81.68(2,480.65)

22.07122.69

5,559.0038r.73

90,464.72

(49s.10)(1,790.68)

(34,989.30)87.39

61,446.00860.63

108,949.32

323.62(2,974.O9)ap69.47

L24.77(19,370.00)

(303.29)

3,49L.294,L94.46

(2,425.00)205.M752.25

8,460.50G,A53.22)(1,701.05)

216.7 |407.08

tzL,8r'5,70(8,305.30)

(A) 113,s4o..to

(34,318.73)633.03

\24O.73(163,500.00)163,675.28

(B) (32,22t.691

(36,710.18)(s29.04)

(3,469.74)(48.20)

2,000.00(2,000.00)4,404.39

26,250.00(72,167.91)10,793.924,482.48

16 s22.70

98,153.82(9,723.56)

t4r30.26

(25,025.39)705.71666.80

(95,575.00)95 690.94

(c)

(A+B+C)

(41,322.98)(8s7.ss)

(3,128.86)(102.19)

16,500.00(26,500.00)

(338.07)43,750.00

(49,215.14)9,108.064,735.O4

(15,000.23)(62,371.at1

2.520.4

14,460.00

1,799,73

Cash and cash equlvalents at the beghnlng of the year

Cash and cash qqulval.nt6 .t the .nd ot the year (S€s not! 2l)116,980.44

15,9ao.4a

' Cash & cash equvalents include Rs. 3,710.43 Lacs (Prevlous year Rs. 3,695.51 lacs) whlch Ere earmarked pu6uantto court order or contractual obllgatlons.

In terms of our report attached

For End on behalt of th. Bo..d of Dlr€ctort

,t,779.17

For V S.nkar Alyar & Co.Chartered Accountants

.fufttrAray GuptaPartner

t--\r-ff

Sardana

|,_

ChalrmanPravaar SlnhaCEO & Managlng Dlrector

Au-Ar.y K.16l.Company Secretary

5:,7.94

NEW DELHIFRN 1O92O8W

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New Delhl13 MaY, 2016

New Delhl13 May,2015

Ar.y KEpoorChtef Fhanctal omcer

TATA POWER DELHI DISTRIBUTIO'{ LI}IITED(Fonr.rly ORTH OELHI FOWER |jXTTED)

OTES FORHI G PART OF THE FII{AI{CIAL STATEIIE TS

OTE IBackqround

Tata Power Delhi Dist lbutlon Umlted (TPDDL) (Formerly North Delhl Power Umlted) 'The Company' pdmanly engaged ln the bushess ofdlstrlbution ot electicity ln North and North-West Delhi was set up ln terms of Oelhi Ele<tnclty Reforms Cfransfer Scheme) Rules 2001. Theundertaking of the erstwhlle Delhi Vldyut Board (OVB) engaged in distribution and retail supply of electdclty in the North & North-West dlstrictsln the Nauonal Capltal Terrltory of Delhl together with the personnel ehployed thereln were transferred to the Company wlth efrect ftom 1 July,2002 whlch also marked the commencement of commerclal operatsons for the Company. During financlal year 2011-12, the Company applledfor change ln lts name from t{orth Delhl Power Limlted to Tata Power Delhl Dlstributlon Umlted. Subsequendy, a fiesh cerdflcate oflncorpo.auon consequent to the change in name to Tata Power Delhl Distrlbutlon umited Cthe Company) was lssued by the Registrar ofCompanles, N.C.T of Delhl & Haryana on 29 November, 2011 under secton 23(1) of the CompEnies Act, 1955.

The company has been granted a ucense under s€ctlon 20 of the Delhl ElecEiclty Reform Act, 2000 (Act t{o. 2 of 2001) by the Delhi ElectrlcityRegulatory Commission (OERC) on 11 March, 2004. The Ucense is valld for a period of twenty five years. During the period 1 July, 2002 to thedate of grdnt of Llcense, TPODL was a deemed Llcensee.

OTE 2

Slgnlfl cant A.countlna Policie.

The financlal statements are prepared under the historical cost conventjon, on the accrual basis of accoundng and in accordance wtth theGenerdlly Accepted Accounting Princlples CGMP') ln Indla and comply vrith the accountlng standards $)ecmed under secEon 133 of theCompanles Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provlslons of the Companles Act, 2013 ("the2013 Act") / Companles Act, 1955 ('the 1956 Act'), as applicable. As the Company ls govemed by Electncfy Act, 2003 and the savedprovlsions of Electriclty (Supply) Act, 19,18, the provlslons of the sald Acts prevall wherever Uley are lnconsistent with the provisions of theCompanies Act, 1956 (or the Companles Act, 2013). The accounung pollcles adopted ln the preparatlon of the financial statements areconslstent wlth those followed in the previous year. The slgntllcant accountlng pollcles are as follows:

a. Use ot attlhat€s

The preparaUon of the financlal statements ln conformlty vvith generally accepted accountlng principles ln Indla requires the Management tomake estlmates and assumpuons that aFect the reportlng balances of as,s€ts and ltablllues lncludlng disclosures retatng to conongentass€ts and llabiliues as at the date of the nnanclal statements and reporbng amounts of lncome and expenses during the year. Examptes ofsuch estlmates include provision for doubtful debts, future obligatlons under employee retlrement benefit plans, lncome taxes, foreseeableestjmated contrad losses and useful llfe of flxed and lntanglble assets. conttngencies are recorded when lt ls probable that a llabl ty maybe lncurred, and the amount can be reasonably esflmated. Actual results could dlffer from such esumates.

b. Fixed assets and dcD.€ciatlon/amortbauon

All flxed asseLs are stated at cost. Cost lncludes lts purchase price and any attrlbutable cost of bringing the assets to their wori<lngcondluon for Ulelr lntended use.

ll. AsseLs transferred from erstwhlle DVB are stated at the transactton value as notified by the Government of Naflonal Capttal Terrltory ofDelhl (GNCTD) under the Transfer Schehe. values were asslgned to dlfrerent heads of indivtdual ftxed assets as on the date of thetransfer l.e. 1 July, 2002 as per an independent techntcal value/s esumauon.

lll. Fixed Assets are ellmlnated from financlal statements, either on disposal or when rettred from acttve use or on becomtng redundant.Generally, such retlred assets are disposed oll soon thereafter.

lv. With efrect fi'om 1 April, 2014, Schedule tr of the Companies Act, 2013 has been notified & ln accordance wtth Part B of Schedute tr,the ratvuseful llfe given ln DERC regulatlons are applled for computlng depreciatlon on assets. However ln case of assets where nouseful llfe is prescribed ln DERC regulauons, the useful llfe & resldual value as glven ln Part C of schedule II of the Companles Act,2013 ls followed. Further ln case of Eny class of asset where us€ful life as estlmated by Management and/or certlffed by Independentvaluer ls lower than DERC or Part C Schedule U of the Companies Act, 20-i3 then such lower useful llfe ts follovred for computlngdepreclatjon on such ass€t.

v. Depreclatlon for the year ln respect of llxed assets has been provlded on the stralght line method so as to wrtte ofr the cost of theassets over the useful lives as per Schedule tr of the Companles Act, 2013.

vl. Resldual value ls taken at the rate of 1096 for assets where rate/useful llfe ls prescrlbed In DERC regulatlons and 5 where useful llfeas per Part C of Schedule II of the Companles Act, 2013 is consldered.

NEW DELHIFRN 10920

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TATA FOWER DELHI DTSTRIBUTIO'{ UTTTED(Fo'mGTIY NORTH DELHI FOWER LI,{ITED)

OTES FORI{II'G PAR.Y OF THE FIXIXCIAL EXTS

vll. Based on the above, the useful life used for varlous class of assels are

DasarlDdon/class of A5aat3 Useftrl Uf€ (v€a6l

5051015

3-6252535

8-10

lx. Assets costlng less than Rs. 5,000 where useful llfe is considered as per Part C of Schedule ll to the Companies Act, 2013 aredepreciated fully ln the year of first use-

Projects under whlch tanglble flxed asseLs are not yet ready for thelr lntended use are carried at cost, comprising direct cost, relatedlncldental exp€nses and attributable interest.

Ofnce Bulldlngs, Houslng ColonlesTemporary structuresMete6General Plant & ilachlnery, SCAOA (includhg software), Street llghtenlng, Omceequipment, Fumiture & FltdngsComputers, End us€ devlces, Server & Network Devlces, software, Batteries etcOverhead Llnes, Solar PvPlant & Machlnery (not covered ln above asset class)Underground CablesMotor Vehlcles

vlll, Depreciation for the year ln respect of frxed assets u*d for electrlclty generation has been provlded on straight line method as perratevuseful life presaribed in Generatlon TariF Regulation of DERC. In case of se@nd hand assets, where OERC is yet to determlne thelife of such assets, depreciauon has been provlded based on the life as determlned by an independent valuer which is average 15years. The depredatlon has been calculated ln a manner whlch has the eFect of depreclaung nlnety perEent (90%) of the capltallsedcost of each such depreclable asset.

c. Accoullting for Granta

Grants relatlng to depreclable fixed ass€ts are treated as deferred lncome to be recognised in the statement of profit and loss over theuseful life of the ass€t ln the proportion in vrhlch depreclatlon on the related ass€ts ls charced.

ll. Grants relaung to revenue are recognlsed ln the statement of profit and loss and are deducted in reportlng the related expense,

d. Rcverue Recoqnltlon

Revenue fi'om power supply ls accounted for on the basls of blllhgs to congumers and includes unbllled revenues accrued up to the endof the accounung year.

The Company as per the prevalent Delhi Electncty Regulatory Commisslon Oerms and Conditions for determtnauon of Wheellng Tarlfrand Retail Supply TarlfD regulauons (referred as'Tarlfi Regulauons) for dlstdbutlon business ls requlred to recover its Annual RevenueRequlrement (ARR) comprlslng of expendlture on account of power purchase costs, Operations & Malntenance expenses, flnanclngcost, as per the sald regulatlons and an assured return on DERC approved equlty subject to achlevement of Aggregate Technlcal andCommerclal (AT&C) loss reductlon targets. As per the sajd Tarlf Regulatlons, the Company determlnes the ARR End anyexcess/shor$all ln recovery of ARR during the year ls accounted for as'Regulatory IncomqExpens€'.

lv. The amount recelved from consumers on account of service line charges are treated as lncome on lnstallatlon of connectlon

ln case of Consultancy service contracts, revenue ls recognlzed proportlonately by reference to the performance of each act speclfredunder the contracts. Fores€eable losses on such contracts are recognls€d when prcbable.

In respect of power generauon, the Company is requlred to recover fuel cost, OF,eratlons & Malntenance expenses and other cost alongwlth retum on equlty as stated in Delhl Electrlclty Regulatory Commlsslon (Terms and Cbndluons for determination of GenerauonTariff) regulatlons subrect to the availablllry factor.

lll. 'Late Payment Surcharge'on electriclty bllled and bllls rals€d for dlshonest abstraction of powea & Interest on Unscheduled Interchange(UI) are recognlsed, on grounds of prudence, as and when recovered from the consumers.

e. hventories

ComponenLs and spares lnventory include ltems whlch corJld be lssued for prolects to be capitalised

Inventories of stores and spares and loos€ tools are valued at lower of cost net of provlslon for diminutlon ln value or net reallsable valueCost ls determined on the 'Welghted average' basls.

NE\ry DELHIFRN 1092

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TATA FOWER DELHI OU'TRIBUTIOII LII.IITED(Formerly NORTH DELlll FOWER LIHTTED)

OTES FORl,lll{G PART OF THE FIiIA'ICIA"L STATEXEIITS

t Fo.algn curtlncy tranaactona

Forclgn exchange fansactions are recorded at the rdtes of exchange prevalllng on the date of Ble transaction. Reallsed galns and loss€s onforelgn exchange transacuons during the year are recognls€d ln the statement of profit and loss. Monetary foreign currency assets andllablllues denomlnated ln forelgn currencies, at the year end are translated lnto rupees at the year end rates and resufttant gainylosses onforelgn exchange tGnslatlons are recognlsed in the statement of profit and loss.

In respect of forward exchange contracLs, the difference betvreen the fonvard rate and the rate at the inceptjon of a forward contract lsrecognts€d as lncome or expense over the llfe of the contract. Any lncome or expense on account of exchange dlfrerences elther onsettlement of the contract or on translation of the unmatured forelgn currency contract at the rate prevailing on the date of the BalanceSheet date ls recognlsed ln the statement of profit and loss,

g. Employaa bGn.ntt

A. Short-t€rm cmgloyec benefits

The undlscounted amount of short-term employee beneflLs expected to be pald ln exchange of servlces rendered by employees lsrecognlsed dudng the p€rlod when the employee renders the servlces. These beneflts lnclude salaries, wages, bonus, performancelncentlves and leave travel allowance.

Short term employee benefits are recognised as an expens€ at the undlscounted amount ln the statement of proflt and loss of the yearln whlch the related sewlce is rendered.

B. Po.t-cmploymentbe..flts

l. DCn.cd Contdbudon Plans

Eratwhlla DYB E]nplovges

The Companyt contribuEons lnto the DVB Employees Termlnal beneft Fund 2002 Cthe Trust') for the erstryhlle DVg Employees as perthe TGnsJer Scheme are defined contribution plans. Provlslons for contrlbuuons towards all terminal / reurement benefits lncludhggratulty, penslon and leave encashment on separatlon of erstryhlle DVg employees are made on the basls of the FundEmentEl Rulesand SeNIce R'Jles (FRSR Rules) as determined by the trustees of the Trust. Payments to deflned contribuuon reurement benefltschemes are charged as an exp€nse as they fall due,

EmDlovaas oth€r than faom Erstwhile DvB

ll. Detln€d B€nent Plan.

Emgloveca oth€r than from Erstwhile DVB

The Company's gratuity plan is a deffned benefit plan. The present value of the obligauon under such defined b€nefit plan Is

determlned based on actuarlal valuation using the proJected unlt credlt method, whlch recognises each period of servlce as glvlng rlseto addltlonal unlt of employee benefit entiuement and measures each unlt separately to build up the final obligatlon. The obllgatson ls

measured at the present value of the estlmated fufure cash flows. The dlscount rate used for determlning the present value of theobllgatton under defined beneft plans, is based on the prevalllng market ylelds on govemment securities as at the balance sheet date.Actuarial galns and loss€s are recognised immedlately ln the statement of profit and loss.

The Company has taken the group policy with Llfe Insurance Corporatlon of Indla (LIC) to meet lts obllgauon towards gratulty. Llabllltywtth respect to the gratutty plan ls determined based on an actuarlal valuatlon done by an independent actuary at the year end andany dlfferentlal between the fund amount as per LIC and the actuadal valuatlon ls charged immediately to the statement of proflt and

C. Other Long Tc.m EmDloyee Benefits

Errtwhlle DvB Cmgloyees

The ltabtllty for retlrdl pension to the VSS opte€s till thelr respecuve dates of normal reurement or death (whlchever ls earller) ls

provlded on the basts of an achJarial valuauon done by an Independent actuary at the year end, AchJarial galns and losses are

recognlzed lmmedlately ln the statement of profit and loss.

EmDloyGGr other Oran ltofi EEtrvhlle DVB

8€neflls compristng compensated ab6ences as per company pollcy consdfute other long term employee benefts. The llablllty forcompensated absences ts provided on the basis of an achJadal valuauon done by an independent actuary at the year end. Actuaalal

galns and losses are recognised immedlately in the statement of proflt and loss.

The Company makes contribution towards provident fund to a deflned contrlbuton reurement benefit plan for quallfylng employees.The Company's contrlbutlon to the Employees Provldent Fund ls deposlted by the Company under the Employees Provldent Fund andMlscellaneous Provtslons Act, 1952 whlch ls recognised by the Income Tax authoritles. The provident fund plan ls operated by theReglonal Provldent Fund Commlssioner. lJnder the scheme, the CompEny ls required to conulbute a speclfred percentage of payrollcost to the reurement benefit scheme to fund the beneflts.

The Company makes contribution towards employee state lnsurance scherhe (ESIS), a defined contribution benefit plan for quallfyhgemployees. The Company's contribution to the ESIS ls deposlted by the Company under the Employees State Insurance Act, 1948.

NE!\,/ DELHIFRN 10920

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TATA POWER OELlll DISTRIBUTION lJl,lfTED(Forfterly ORTH DELlll POWER UI{ITED)

I'OTES FORIiIIT{G PART OF THE FINAI{CIAL STATEXEI{TS

Deferred tax assets and llabillties are recognlsed for the future tax consequences of Umlng dtfrerences subject to the conslderdtlon ofprudence. Deferred tax assets and llablllties are measured uslng the tax ftrtes enacted or substantvely enacted at the balance sheet date.

Minlmum altematlve tax (MAT) pald in accordance with the tax laws, whlch glv6 rtse to future economic beneffts ln the form of adjustmentof future tncome tax llabtltty, ts considered as an asset lf there ls convlnclng evldence that the Company will pay normal lncome tax afterthe tax hollday pertod. Accordtngly, MAT is recognlsed as an asset ln the balance sheet when lt ls probable that the future economlc benefltassoclated wlth lt wlll flow to the Company and the asset can be measured rellably.

l. conaumar contrlbutlon to caDltal works

h. Tarauon

,. E.rnlnga par rh.r. (EPrS)

The Company reports baslc and dilute.d eamings per equlty share ln accortance wlth Accounting Standard 20, Eamlngs Per Shaae. Baslceamlngs per equtty share has been computed by dividlng the net profit or loss for the perlod attributable to equity shareholders by thewelghted aveGge number of equlty shares outstanding during the year. Dlluted eamings per share ls computed by dlvlding the net proftor loss for the pertod attnbutable to equity shareholders by the welghted average number of equity shares outstandlng durlng the year a5

adJusted to the efiects of all dilutive potential equity shaes, except where results are ant dilutive.

k Borrowlng Cort

Borrorvlng cost lncurred for qualifying assets is capltallsed upto the date the asset ls ready for intended use, based on tErrowlngs Incurredspecmcally for nnanctng the ass€t or the sreighted average rate of all otlrer borrowlngs, lf no specmc borrowings have b€en lncurred ior theasset.

l. tnvastmcnt

Income tax comprises curent income tax and deferred tax. Current lncome tax Is measured at the amounts expected to b€ pald to the taxauthoriUes h accordance wlth the Income Tax AcL 1961.

Consumerb contrlbutlon towards cost of capltal assets ls treated as capltal recelpt and credited in liabllltles unul transfened to a s€parateaccount on commlsslonlng of the assets. An amount equlvalent to the depreclatlon charge for the year on such assets ls approprlated ftomthls account as lncome to the statement of profit and loss over the useful llfe of the assets.

Long term lnvestments are stated at cost, less provlslon for dlmlnutlon ln value other than temporary, jf any. Current Investments arestated at lower of cost or falr value at the balance sheet date.

m. tmDalrmgnt

At each balance sheet date, the Company reviews the carrylng amounts of lts flxed asse!5 to determine whether there ls any lndlcation thatthose ass€ts suffered an lmpalrment loss. If any such lndlcauon exlsts. the recoverable amount of the asset ls estlmated ln order todetermlne the extent of lmpairment loss. Recoverable amount ls the hlgher of an asset's net selling price and value ln use. In assesslngvalue ln use, the estmated ftJture cash flows expected from the contlnuhg use of the asset and from lts dlsposal are dlscounted to thelrpres€nt value uslng a pre-discount rlrte that refiects the current market assessments of time value of money and the rlsks spednc to theasset.

Impalred assets are ellmlnated ftom financial statements, elther on dlsposal or when retired from acuve us€ or on becomlng redundant.Generally, such reured assets are disposed ofr soon thereafter.

Impalrment loss and revers€l oftfie same is recognised lmmedlately ln the statement of proft and loss

n. Provlalon3 lnd contlngeacles

A provlslon ts recognlsed when the Company has a present obllgatlon as a result of a past event, when it is probable that an outflow ofresources embodylng economlc benefits will be requlred to settle the obllgatlon and reliable estimate can be made of the amount of theobllgatlon. A contlngent llablllty ls recognised where there ls a posslble obllgatlon or a present obligation that may, but F:cbably wlll not,requlrc an ouMorv of resources. Contngent assets are not recognlsed ln the flnanclal statements.

o. Lga$!3

Operaung lease payments are recognized as expendlture ln the Proflt and Loss account as per the terms ofthe respectlve lease agreement.

D. OD.r.dng Cyclc

The Comp€ny has deteinined its operaung cycle as 12 months for the purpose of classincatlon of its assets and llabllltles as current andnon-qrrent.

NE\N DELHIFRN 10920

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TATA POWER DELHI DISTRIBUTIO LII,IITED(FOT]n€TIy NORTH DELHI FOWER LIUTTED)

NOTES FORI{T G PART OF THE FI AI{CIAL STATEIi{E TS

A3 at31.03,2016

As at31.O3.2015

50O lacs fF,revbus year 500 lacsl 1206 Cumulatve Redeemable Preference Sharesof Rs. 100 each wlthout voung rlghts.

NOTE 3

!iHARC CAPIT L

lutho.l..d7,500 lacs lPrevlous vear 7,500 lacsl equlw shares of Rs. 10 each withvotlno rlghLs.

l3tucd, Subscrlbcd .nd P.ld up

5,520 lacs [Previous year 5,520 lacs] equity shares of tts. 10 each tully gaid upwith votlng righLs.

Rr,/Laca Rr./Laca

75,000.00 75,000.00

50.000.00 50,000.00

55,200.00 55,200.00

50,000.00 50 000.00

125,000,00 125,000.00

500 lacs IPrevlous Vear 500 lacsl 1296 Cumulatlve Redeemable Preference Sharesof Rs. 100 each wlthout voting rlghts,

5 The equity shares of the Company have a par value of Rs. 10 each. Each shareholder tsellglble for one vote per share held.

Of the above

1. 2,815.20 laes lPrevlous year 2,815.20 laesl l.e. 51olo (Prevtous year 5106) equity shares ofRs. 10 each wlth voting rlghts, are held by The Tata Power Company Umtted, the holdtngcompany

2. 2,704.80 lacs [Prevlous year 2,704.80 lacs] l.e. 49% (Prevlous year 49q6) equity shares ofRs. 10 each wlth voting rights, are held by Delhi Power Company Umited

3- 255 lacs [Prevlous year 255 lacsl l.e. 5196 (Previous year 51%) Preference shares of Rs,100 each without votlng dghts, are held by The Tata Power Company Umtted, the hotdtngcolnpany

4. 245 lacs fPrevlous year 245 laqsl i.e. 49q6 (Previous year 49%) preference shares ot Rs.100 each wlthout voung rlghts, are held by Oelhi Power Company Umlted

6 The maximum term of the aforesald preference shares ls 20 years (1.e. upto 19th March,2033), However the Bo€rd of Dlrectors of the Company shall have the opuon to redeem thepreference shares at any tlme after the allotment thereof keeplng ln vlew the availablllty ofthe profitablllty/surplus tunds.

7 The Soard of Olrectors In thelr meeting held on 13 May, 2015 proposed dtvidend of Rs.12per share on the 1296 cumulatlve redeemEble preference shares for flnanctal year 2015-15.Further the Board also proposed dlvidend of Rs. 1.40 per equity share for financtal year2015-16. The proposal is subled to the approval of shareholders at the ensutng AnnuatGeneral Meeung. The total dlvldend approprtatton for the year ended 31st Harch, 2016amounted to Rr. 16,522.70 lacs hdudhg corporate divldend tax of Rs. 2,794.70 lacs.

8 Reconclllaton of the number of shares and amount outstandt at the lnnin and at the end of theop.nln0balance

Freah Issue Closingbalance

Equlty sharEsYear ended 31 March, 2015- Number of shares (in Lacs)- Amount (Rs./La6)

Year ended 31 March, 2015- Number of shares (ln Lacs)- Amount (Rs./Lacs)

5,520.0055,200.00

5,520.0055,200.00

5,520,0055,200.00

5,520.0055,200.00

500.00s0,000.00

500.0050,000.00

s00.0050,000.00

500.0050,000.00

12q{, Cumuladyc R.edeemabla Pr€fer€[ca SharctYear ended 3l March, 2016- Number of sharcs (in tacs)- Amount (FLs./Lacs)

Year ended 31 March, 2015- t{umber of shares (ln tacs)- Amount (Rs./Laes)

NE$/ DELHFRN 1OS2OB

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I {\.JERO A co

P=

-_105,a00-09_ ___J05299.00_

TATA FOWER DELHI DISTRIBUTION LIl,lfTED(FoTmlTIy ORTH DELHI POWER, LIHITED)

OTES FORIiIII{G PART OF THE FII{A CIAL STATEHEIITS

iroTE 4

RESER,VES AI'D SURPLUS

(a) Gcnal.l RaaaNG

(l) ODenlna balance(ll) Add: TransferrEd ftom surDlus ln statement of Proft & losg(lll) Oo6ln9 balance

(b) SurDlur ln St t€m.nt ot Protlt.nd Loa.

Rs./l.cs lu./Lact

7,850.00 6,150.00.300.00 1 700 00

9,150.00 7,850.00

r9t,@2.31 175,656.2025,436.34 33,598.8113.72a.00 13,728.002,794.70 2,794.701,300.00 1,700.00

199,055.95 191,042.31

208,205.95 198.892.31

As at31.03.20r6

Ar at31.O3,2015

830.07

50.04

881.74

51.57

(l) Openlng balance(ll) Add: Addruons durlng the year(lii) Less: Progosed Dlvldend(lv) Less: Tax on proposed dlvldend(v) Less: Trdnsferred to general reserve(vt) Ooshg balance

OTE 6

CO'{SU',IER COIITRIBUTTO'{ FOR CAPTTAL WORXS

(a) Openhq balance(b) Add: Addltons dunng the year(c) Less: Transfer to statement of proflt and loss(d) Closhg balance

(a) ogenlna balance(b) Add: Addltlons durlng the year(c) Less: Transfer to statement of profit and loss(d) Closlng balance

ioTE 5

C PTTAL GRAiTS

OTE 7

LONG.TER'I BORROWI'{GS

TERtl LOAI{S

(A) From banks

780-0L 430.07

50,717.6510,793.922,433.L7

44,O38.579,108.062,42E.9E

59,078.40 50 'rt1 6a

(l) Secured(a) St te B.nk of Indla(b) Punlab & Slnd Bank(c) Unlon Bank of Indla(d) C.nara Bank(e) Dena B.nk(n Kamataka B.nk(g) Allahabad B.nk(h) Syndtcate Bank(l) State Bank of Mysore0) lDFc Bank

62,697.248,625.65

44,O27.78

4,500.0031,510,4232,500.0018,125.0024,562.50

230.548.63

(ll) Lrnsecured(a) Dena Bank(b) Canard bank

Total lonq term borrowlnos from banks

(g) From other partles

Total long term borrovrlngs

(l) Secured(a) Adlwa Blrla Flnance Umlted(b) L&T Flncorp Umlted(c) L&T Infrastructure Fhance ComganY Llmited

237.294,63 292,7032L

5,625.00 6,618.751,125,001,875.00

5,525.00 9 5ra 75

NEW DELHIFRN 1092

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a FN

{IFRD ACqoU

242.923.63 302.321.96

450.0053.026.24LL.315.7252,805.56

1,500.006,500.00

37,413.1942,500.0017,750.0037.192.50

260.453.21

3,000.00 13.500.003.750.00 18.750.006.750.00 32.250.00

TATA POWER DELHI DISTRIBUTIO LIIiITEO(Formcr|y ORTH DELHT FOWER LIMITED)

I{OTES FORI{TNG PART OF THE FINAI{CIAL STATETIEI{TS

a{oTEs:

TERl,l LOA'IS - From banke

(l) S.cu.cd

(.) st tC B.nk ol rndia

Term loan from State Bank of India presently at an lnterest rate of 9.5396 per annum (p.a.) is secured by ffrst parl-passucharge on all the present and future immovable and movable assets (except book debB), a thlrd parl-passu charge on therccetvables and a first charge on a Debt Servlce Reserve Account (Excluslve to this loan). Repayment of 40<,6 of the loanhas already tle€n done and the balance 6096 of the loan ls repayable h 20 equal quarterly installments of Rs. 150 lacseach whose repayment has commenced fi'om 15 January, 2012.

(b) Pun .b t Sind B.nk

The Company has entered into term loan agreements wlth Punlab & slnd Bank

l. For Rs. 10,000 lacs presently at an interest rate of 10.25% p.a. with reset at every two years. The repayment of loanhas commenced from 15 April, 2010 and wlll be repald h 38 quarteriy lnstallments of Rs. 263.16 lacs each.

ll. For Rs. 5,000 lacs presendy at an lnterest rate of 10.25% p.a. wlth reset at every two years. The repayment of loanhas commenced from 15 May, 2010 and will be repald ln 38 quarterly Installments of tls. 131.58 lacs each.

l . Dunng the year for Rs. 10,000 lacs at an lnterest rate of base rate plus 0,25q6 (f,oatlng), presenuy 10<16 p.a. wlth resetevery year. The loan is repayable in 32 quarteriy lnstallments of tts. 312.50 la(s each starting from 15 April, 2018. TheCompany has dravrn Rs. 3,000 lacs durlng current year.

lv. For Rs. 30,000 lacs presently at an interest rate of 10% p.a. wlth reset every year. The loan ls secured by fourth parl-passu charge on all the present and future recelvables and ls repayable in 24 quarterly installments of Rs. 1,250 lacseach startino from 15 luly, 2014.

For Rs. 30,000 lacs presently at an lnterest rate of 10% p.a. wlth reset every year. The loan is secured by fourth parFpassu charge on allthe present and future recelvables and ls repayable h 32 quarterly installments of Rs. 937.50 laeseach startlng from 15 Aprll, 2015.

The aforesald loans are to finance the capital expendlture requlrements of the Company and are secured by first pad-passu charge on enure fixed assets, stores and spares and a thlrd pari-passu charge on the receivables.

vt. Durlng the year for fG. 15,000 lacs at an lnterest rate of base rate (floatlng), presently 9,75or'o p,a. wlth reset everyyear. The loan ls secured by fourth parl-passu charge on all the present and future receivables and ls repayable ln 24quarterly lnstallments of Rs. 625 lacs each startlng from July, 2017.

vll. Durlng the year for Rs. 20,000 lacs at an lnterest rate of base rate plus 0.25olo (floating), presently loor'o p,a. wlth resetevery year. The loan is secured by fourth pad-passu charge on all the present and future receivables and ls repayabletn 24 quartedy lnstallments of Rs. 833.33 lacs each startlng from 15 April, 2018. The Company has drawn Rs. 2,000lacs during current year.

(c) Unlon Lnk d Ildla

The Com9€ny has entered into term loan aoreements wlth Unlon Bank of Indla

l. For Rs. 15,000 lacs presenuy at an interest rate of 10.15016 p.a. wlth reset at every three years, repayable ln 36quarterly installments of Rs. 394,74 lacs each startlng from 15 october, 2010.

ll. For Rs. 10,000 lacs presently at an interest rate of 10.1596 p.a. with reset at every three years, repayable ln 35quarterly lnstallments of Rs. 277.78 lacs €ach startlng from 15 October. 2011.

The aforesald loans are to finance the capltal expendlture requlrcments of the Company and are secured by flrst parFpassu charge on entlre flxed assets, stores and spares and a thlrd parl-passu charge on the receivables.

(d) C.nEr. B.nk

The ComDany has entered into term loan aareements wlth Canara Bank

l, For Rs. 15,OOO lacs presently at an lnterest rate of 9.8096 p.a. wlth res€t every year, repayable ln 16 quarterlyInstallrtlenE of Rs. 937.50 lacs each starthg from I March, 2014.

, For Rs. IO,OOO tacs presently at an lnterest rate of 9.8096 p,a. wlth reset every year, repayable ln 36 equal quarterlylnstallments of Rs. 277.78 lacs each startng from 15 July, 2014.

NETry DELHIFRN 10920

cR

IER D7C

/,y

TATA POWER DEI}II DISTRIBUTIOiI LIUITED(Form.rly NORTH DELHI POWER LI TTED)

OTES FOR'{I G PART OF E FINAiICIAL ST TEI'ENTS

iii. For Rs. 20,000 lacs persently at an lnterest rate of 1006 p.a. wlth res€t every year. The Company has dralyn remalnlngRs. 4,000 tacs durtng current year, The loan ts repayable In 32 equal quartedy lnstallments of FB. 625 laqs eachstartlng from July, 2015.

The aforesald loans are to finance the capltal expendlture requlrements of the Cornpany and are secured by first pad-passu charge on entire ffxed assets, stores and spares and a thlrd parl-passu charge on the recelvables,

iv. For Rs. 15,000 lacs presently at an lnterest rate of 9.8096 p.a. wlth reset every year. The loan ls secured by fourth parlpassu charge on all the present and fufure recelvables and ls repayable ln 16 quarterly lnstallments of R5. 937.50 lacseach startlng from July, 2015.

v. for Rs. 10,000 lacs presently at an Interest rate of 10gG p.a, wlth reset every year. The loan is s€cured by fourth pari-passu charge on all the present and future recelvables and ls repayable in 24 quarterly lnstallments of Rs. 416.67 lacseach starting fi'om July, 2015.

(e) D6n. B.nk

Term loan ftom Dena Bink at an interest rate of 10.25% p.a. was secured by first pari-passu chaBe on all the present andfufure movabld and lmmovable fixed ass€ts, stores and spares and a thlrd parl-passu charge on the recelvables and lsrepayable in 20 quarterly lnstalhents of tts. 750 laqs each startng from 15 Octob€r, 2011. However the company has

DreDald enEre outstandinq amount on 9 November, 2015 at the Urne of res€t.

(f) lGrnat k B.nk

Term loan from Kamataka Bank presently at an lnterest rate of 10.25% p.a. ls secured by fourti parl-passu charge on allthe present and t ture recelvables and ls repayable ln 20 quarterly lndallments of Rs. 500 lacs each commenclng ftom 30August 2014.

(g) lll.h.bad Bank

The Comoanv has entered lnto term loan aqreements wlth Allahabad Bank

i. For Rs. 10,000 lacs presently at an lnterest rate of 9.70ryo p.a. wlth reset at every three yea6, repayable ln 36quarteHy lnstallments of Fts. 277.78 lacs each startlng from 15 January, 2012.

ii. For Rs. 15,000 lacs presently at an lnterest rate of 9.95ryD p.a. wlth reset at every three years, repayable in 36quarterly in*allments of Rs. 416.67 lacs each starthg from 15 l.larch, 2012.

The aforesald lo€ns are to fnance the capltal expendlture requirements of the Company and are secured by first parl-passu charge on entlre fixed assets, sto.es and spares and a thlrd parl-passu charge on dle reaelvables,

'ii. For Rs. 25,000 lacs presently at an interest rate of 10.10oh p.a. wlth reset every year. The loan Is secured by fourthpart-passu charge on all the present and fiJtu.e recelvables and ls repayable ln 32 equal quarterly lnstallments of FLs.

781.25 lacs each starting from 15 January, 2016.

(h) SYndlete Bank

Term loan from Syndlcate gank for Rs. 50,000 lacs presenuy at an Interest rate of 9.45(,6 p.a. wlth reset every year, Theloan is secured by fourth parl-passu charge on all the present and future recelvables and ls repayable ln 20 quarterlyinstallments of Rs. 2,500 lacs each startlng from Sep, 2015.

(i) Stato B.nk ot }lYior.

Term loan fi'om State Bank of Mysore pres€ndy at an lnterest rate of 9,90% p.a. wlth reset every year. The Company hasdrawn remaintng Rs. 2,250 la(s durlng current year. The loan ls secured by flrst pad-passu charge over fixed assets of theCompany & a thtrd pari-passu charge over recelvables & ls repayable h 32 quarterly lnstallments of Rs. 625 iacs each

startjng from August, 2016.

?aaz' NEW DELHIFRN 10920

TATA POWER DELHI DISTRIBUTIOI{ LIITIITED(FoTme]Iy ORTH DELHI FOWER LIHTTED)

OTES FORiIII{G PA.RT OF E FINANCIAL STATEI.IENTS

(l) IDFC Bank

ReDaYment TermsAs at

31.03.2016As at

31.O3.2015Rs./Lacs

1,380.00

Rs./Lacs

4,140.00

II The Compay had entered into a term loan agreement dudng the prevlous yearsfor Rs. 17,500 lacs presently at an interest rate of 10.7596 p.a. Repayment of theloan had commenced from 15 January, 2009 and wlll be repaid in 40 quarterlyinstallments of R5. 437.50 lacs thereafter. The loan is secured by first pari-passucharge on all the present and future movable and immovable assets, lntangibles,.ights etc. in the project documents, ciearances, clalms and demands of theCompany in any letter of crediv guarantee etc., all insurance contracts/proceeds,a thlrd pan-passu charqe on the receivables. Also there ls a f,rst charge on DebtService Reserve Account (excluslve to this loan) for Rs. 3,000 lacs out of total loanof Rs. 17,500 lacs .

III The company had entered into a term loan agreement during the prevlous yearsfor Rs, 5,000 lacs presently at an interest rate of 10.75% p.a. Repayment of theloan had commenced from 15 October 2010 and will be repaid in 40 quarterlyinstallments of tls. 125 lacs each. The loan is secured by first parFpassu charge onall the present and future movable and immovable assets. lntangibles, rights etc.in the project documents, clearances, claims and demands of the Company ln anyletter of credlv guarantee etc., all insurance contracts/proceeds, a third pari_passu charge on the receivables and a first charge on a Debt Servlce ReserveAccount (exclusive to this loan).

The Company had entered into a term loan agreement durlng the previous yearsfor Rs. 27,500 lacs presently at an lnterest rate of 10.9090 p.a. Repayment oftheloan had commenced from 15 October, 2006 and will be repaid in 40 quartedyinstallmenLs of Rs. 690 lacs each. The loan is secured by Rrst pari-passu charge onall the present and future movable and immovable assels, intangibles, rights etc,in the project documents, clearances, claims and demands of the Company in anyletter of credlv guarantee etc., all insurance contracts/proceeds, a thlrd pari-passu charge on the receivables.

4,8L2.50

2,250,00

6,552.50

2,750.OO

Mhe Company had entered into a term loan agreement during the previous yearfor Rs. 30,000 lacs presently at an interest rate of 10.75% p.a. The loan is

secured by fourth pari-passu charge on all the present and future receivables anda first charge on a Debt Service Reserve Account (exclusive to thls loan), Theloan is repayable in 24 quarterly installments of FLs. 1,250 lacs each starting fromFebruary,2015.

28,750.00 30,000.00

(k) For secured loans outstanding from banks amounting Rs. 37,542.50 lacs (Previous Year R5. 44,502.50 lacs) and fromother partles amounting Rs. 6,618.75 lacs (Previous Year Rs. 7,575.00 lacs) the Tata Power Company Limited (the holdingcompany) has gNen undertaklng to retain management control and malorjty representation on the Board of Dlrcctors ofthe Company-

(ii) Unsecu.ed

(a) Dena Bank

The Company has entered into term loan agreements with the bank:

l. For Rs. 15,OOO lacs presently at an interest rate of 11.1006 p.a. with res€t at every three years, repayable in 2 yearly

installments of Rs. 7.500 lacs each starting from August 2015.

ll. For Rs. 6,000 lacs presently at an lnterest rate of 10.25 p.a. with reset at every two years, repayable h 2 yearly

lnstallments of Rs. 3,000 lacs each starting from Aprll 2016.

(b) Canara Bank

Term loan of Rs. 60,000 lacs From Canara B€nk presently at an interest rate of 1090 p,a. is repayable ln 16 quarterly

installments of F(s. 3,750 lacs each starting from 1 October 2013.

NEW DELHIFRN 10920

{

IE

5 N- c

RDA

PY

TATA POWER DEI}II DISTRIBUTTO.{ LIIT{ITED(FoinGTIY ORTH DELHT POWER UHITED)

].OTES FOR"II{G PART OF E FI'I CIAL STATEIIENTS

TERM LoANS - F.om oth€r D.rtlss

(l) s€.ur€d

(a) Powqr Fln6nce corDoratlon Llmltcd

Term loan from Power Ftnance Corporatlon Umited taken presenuy at an interest ftrte of 9.00qo p.a. ls secured by first pan'passu charge on all the present and future movable and lmmovable assets, stores and spares, lntanglbles, a third pan-passu charge on the recetvables and a first charge on a Debt S€rvice Resefle Account (exclusive to thls loan). Therepayment of the loan had commenced fi'om 15 lanuEry, 2006 to be repald ln 40 quarterly installments of Rs. 100 lacs

each thereafter, This loan has been fully repaid durlng current year.

(b) Adlty. Blrl. Flnance LiirltCd

Term loan ftom Aditya Birla Fhance Limited presendy at an lnterest rate of 10.50% p.a. The loan ls secured by fourth pari-passu charge on all the present and future recelvabls and ls repayable ln 20 structured quarterly lnstallments startingfrom September, 2014.

(c) L&T Infr.structure Financ€ ComDanv Lirnitcd .nd LIT Flnco.D Limltcd

Term loan ftom L&T InfrasEucture Flnance Company Umlted and L&T Fincorp Llmlted at an Interest rate of 11.530,6 p.a. tobe reset after two years. The loan was secured by tourth parFpassu charge on all the present and future recelvables andwas repayable in 24 structured quarterly lnstallments starthg from 15 Aprll, 2014. However the company has prepaid

entlre outstanding amount on 24 April, 2015 at the tlme of reset.

For the current maturitles of lonq-term borrowlnqs, refer item (a) In ilote 13 other current llablllties.

Current maturltles of long term loans lncludes repayment to be made before due date of 12 months, due date belng a hollday

t{oTE 8

Doferred rax (Aar€ti) / U.biliuet

(a) Deferred tax assets and llabilities are belng ofiset as they relate to taxes on lncome levled by the same goveming taxauon laws.

Defened tax llablllty relaung to fixed assets 57,005.05 4,655.36 61,661.41

(b) Deferred tax llabllltles (net) as on 31 March, 2016, as detalled below reflect the quantum of tax llablllties Eccrued up to 31 March,2016.

. (All .mounB ln Rs./lacs)ParticulaB Op6nlng Charged to Cloalng

Statement ofProfit and L.oss

cleferred tax assets on account of ..

Provision for doubtful debts & advancesLeave salary & gGtultyOthers

3,501.511,045.15

158.82

(486.57)336.23

5,69

3,115.041,381.39

164.51

Deferred T.x Ll.blllu€ (net) s2,2OO.tl6 4,8OO.Or 57,OOO.47

(c) ln accordance wlth MYT regulatlons for determlnaton of tarlfr, deferred tax liability (net) shall be consldered ln tarlfr determlnatjonas and v,hen and to the extent of income tax actually pald. Accordlngly the Company has made provision only for the ahount of taxthat is actually payable and the defeFed tErx llabllity (net) as at 31 March, 2016 of Rs. 57,000.47 lacs (Prevlous Year Rs. 52,200.46lacs) includho deferred tax charge of Rs.4,800.01 lacs (Prevlous year Rs. 6,911.23 lacs) for the year ended 31 March, 2016 hasbeen shown Es adJustable fi'om future tarlff.

W NEW DELHIFRN 1092

dR

,?R

AR

D ArcO

TATA POWER DELHI DISTRIEUTION LI}IITED(Formerly NORTH DELHI FOWER LTMTTED)

NOTES FORIIING PART OF THE FII{AI{CIAL STATETTf ENTS

As at31,o3.2016

As at31.O3.201S

Rs./l"act Rs. LacsNOTE 9

OTHER LOI{G TER]II LIABILTTIES

Trade deposits and security deposits(i) Consumers' security deposlt(ii) Consumers' deposits for works(iii) Other secunty depostts

53,O72.4624,654.36

205.20

48,809.6327,237.43

53.13

NOTE 1T

SHORT.TER'I BORROWI]IGS

(a) LOANS REPAYABLE O DEI,IAND

From banks - Secured

Cash credit

From banks - Unsecured

Axis Bank Overdraft A/c

l{oTE 10

LOI{G TERI{ PROVISIO S

Provlslon for employees benefits

77.932-1 76.o-q:l1!)

2,098.11

91,940.66 aa.449.37

OTES:

LOAI{S REPAYABLE ON DEMA]TD . FTom BanKs

secuaed - cash credit

The Company has availed cash credlt llmlts from consortlum of foLrr banks led by State Bank of India. These cash creditsare secured by flrst charge on stores and spares (not relating to plant and machlnery) and flrst parl passu charge on fixedassets, and third charge on receivables.

13,550.90 4,252.57

3,110.06

______.1!890.9!- -______3]2s28 _

Uns€cured - Ov€rdralt Account

The company has an unsecured overdraft facility to the extent of Rs. 10,000 lacs from Axls Bank

TERiI LOANS - From other p.rties

Unsecured

Commercial oaD€r

During the current year, the company has issued & repaid/repayable commerclal paper as follows:

Date of issue Amount (lacs)09,06.2015 1995.60

Face Value(lacs) Discount Rate (o/o) p.a. Repayment Date2000.00 4.05 19.06.2015

t{orE 12

TRADE PAYABLES

Other than acceptances (see note below)

Based on the informatlon available with the Company, the balance due to Micro and

Small Enterprlse as defined under the MSMED Act, 2006 is Rs. 151.61 lacs. (Previous

year Rs. 74.88 lacs) and no interest during the year has been paid or ls payable underthe terms of the MSMED Act, 2006 or othemlse. This has been relied Llpon by theauditors.

NEW DELHIFRN 10920

AIN & c

rF 1RD ACCq

W

2.850.36

TATA POWER DELHI DISTRIBUTION LIMTTED(Formerly ORTH DELHI

NOTES FORI{ING PART OF THEPOWER LIiIITED)

FINAI{CIAL STATEITIENTS

As at31.03.2015

As at31.O3.2015

Rs./Lact Rs./lacsNOTE 13

OIHER CURRENT LIABILITIES

(a) Cdrrent maturlties of long term borrowings (See note 7)

(A) From banks

(i) Secured(a) State Bank of Indta(b) Puniab & Sind Bank(c) unlon Bank of India(d) canara Bank(e) Dena Bank(0 Kamataka Bank(g) Allahabad Bank(h) syndlcate Bank(i) state Bank of Mysore(l) IDFC Bank

450.0010,328.95

2,690.O712,777.78

2,000.005,902.78

10,000.001,875.00

500.0010,328.95

2,690.O77,673.613,000.002,000.003,559.037,500.00

(ii) Unsecured(a) Dena Bank(b) Canara bank

8 630.00 6 260.0043 611.67

10,500.0015 000,00

7,500.0015,000.00

25 5 22 500.00

(B) From other parties

Total current maturitles of lonq term borrowines

(l) Secured(a) Power Finance Corporation Limited(b) Aditva Birla Finance Limited(c) L&T Fincom Limited(d) L&T lnfrastructure Flnance Company Umlted

993.75

1 555.25

81,144.34 67,667.92

7 L4.L4

300.00656.25225.OO375.00

(D Other payables

Other payables includes:(a) Statutory dues(b) Payables on purchase of fixed assets(c) Advance from consumers(d) Interest accrued on security deposlts(e) Advance government subsidy (to be adlusted upon billing)(0 Others

I{OTE 14

SHORT TERII PROVISIONS

(a) Provision for employees benefits(b) Proposed Dividend(c) Provision for tax on proposed dividend(d) Provlslon for taxation

[Net of payment of income tax Rs. 63,259.76 lacs (Previous year Rs. 54,981.41lacs)l

(e) Provision for Contingencles* [See note 32 (d)](f) Provision for wealth tax

(b)(c)(d)(e)

Interest accrued but not due on borrowlnqsIncome recelved ln advanceBook overdraftTrade deposits and security deposits(l) Consumers' security deposit(ll) consumers' de9oslts for works(lll) Other security deposiLs

* Openlng Balance

Add: Addltldns durinq the vearLess: utillsed/Reversed durinq the vearClosing Balance

208.34562.60

12.06

277.57337.54

0.13

3,541.79181.29

5,ttt-76

3,362.14200.95

4,885.33

15,103.24 11,554.21

-iirs;g-o-i- 88-J-80it-

8,624.72953.16

4,493.19

6,135.856A7 -46

3,988.60142,16

762.70469.47

t,t4l.L7L3,72A.00

2,794.707,787.96

921-92t3,728.OO

2,794.7O2,432.94

9,059.450.64

5,559.0014.85

2A s11 9? 25.

5,559.003,500.45 5,559.00

FRN 'IO92O8WNEW DELHI

4

URD ACtE

It-9,059.4s 5 559.00

993.75

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TATA POWER DELHI DISTRIBUTION LIMITED(Formedy NORTH DELHI POWER LIIrTED)

NOTES FORITIING PART OF THE FI[{A[{CIAL STATEMENTS

t{oTE 16

NOtl - CURRENT INVESTI,IENTS(See note 2(l))

LonE term, Trade Investtnents (unquoted)InvesEnents in equit, instruments of wholly owned subsidiary company

(a) NDPL Infra Limited0.50 lacs (Previous year 0.50 lacs) Equity Shares of Rs. 10 each

NOTE 17

LONG TERM LOANS AND ADVANCESlJnsecured and considered good

(a) Capital advances

(b) Security deposits

(c) Recoverable from SVRS Trust (See note 249)

(d) Income tax paid under protest against demand

(e) Other loans and advances

I{OTE 18

OTHER NON CURRENT ASSETSUnsecured and considered good

Regulatory Astet (See note 32)

As at31,O3.2015

As at31,03.201s

Rs./Lacs Rs.,/Lacs

5.00 5.00

5.00

1,388.06

89.49

159.58

2,471.57

128.08

1,260.15

113.23

244.25

2,477.57

63.164 576.88 _______tElE!6

NOTE 19

INVENTORIES

_14.&_.26_ ____lg!.q9929_

L,256.5740.88

871.8148.59

______J.4Z!L 920.40

(a) Stores and spares(b) Loose tools

Inventories of stores and spare parts and loose tools are valued at lower of costnet of provision for diminution in value or net realisable value.

A),NEW DELHI

FRN 109208

3(AR AI dR

NLJRD ACCO

5.00

TATA POWER DELHI DISTRIBUTION LI TTED(Formerly NORTH DELIII POWER LIii,IITED)

I{OTES FORTiIING PART OF THE FINAT{CIAL STATEI,IENTS

(a) Debtors for billed revenue*#(i) Debts outstanding for a period exceeding six month6 from the date

they were due for paymentLess: Provision for doubttul debts

NOTE 20

TRADE R.ECEIVABLES

(ii) Other debtsLess: Provision for doubtful debts

(b) Debtors for sale of power other than TPDDL license area - unsecured

(c) Other debtors - unsecured

Of the above amounts,Considered goodConsidered doubtful

out of (b) & (c) above:(i) Debts outstanding for a period exceeding six months from the date

they were due for payment(ii) Other debts

As at31.O3.2015

As at31,03.2015

Rs./l.cs Rs./Lacs

73,499.22

13 489.22

14,282.9t895.17

12,841.L81 297.66

73,347.74

2.90

3,215.50

tL,543.52

945.70

1,560.52

___4.qq9&- _____r4I4jf!_

16,506.14 14,049.7413.807.93 14,786.88

SecuredUnsecured

534.74

2,644.26

7 ,614.4919,581.18

7,070.49

290.63

2,215.s9

6,102.2220,228.L8

163.85

10,184.473,742.752,923.OO

L26.22

# including Government subsidy

NOTE 21

CASH AND CASH EQUfVALENTS

(i) Balance with banks- In current accounts- In deposit accounts**

(ii) Cheques, drafts on haod(iii) Cash on hand

11,611.943,760.423,298.56

108.15

** Includes Fixed Deposit which are earmarked pursuant to court otder orcontractual obl igations

____-_18f12!l_ -----l-Ef40.44-

3,7t0.43 3,596.51

At€NE!\i DELHI

FRN 1092

cC&I

r R 1UNAC o

N RAi

t2,9!2.76

!2,972.76

TATA POWER DELHI DISTRIBUTION LIHTTED(Formerly NORTH DELIII POWER LIIIITED)

NOYES FORIIIING PART OF THE FINANCIAL STATEIi.IENTS

NOTE 22

SHORT TERIiI LOANS AND ADVANCESUnsecured and considered good

(a) Security deposits

(b) Income tax paid under protest against demand

(c) Recoverable from SVRS Trust (See note 249)

(d) Other loans and advancesLess: Provision for doubtful advances

Other loans and advances includes(a) Prepaid insurance(b) Prepaid expenses(c) Power banking(d) Others

NOTE 23

OTHER CURRENT ASSETSUnsecured and considered good

(a) Interest accrued but not due(b) LJnbilled revenue(c) Regulatory Asset (See note 32)

As at31.O3.2015

As at31.03,2015

Rs,/Lacs Rs.,/Lacs

2L2.82

300.00

134.48

53,275.38L79.37

53,096.01 LA,215.44

___8J.43.31- _]8ril.o1_

111.19

300.00

127.34

18,394.81179.37

2,276.t61,539.06

47,035.802,4A4.36

1,833.97925.53

73,772.OO1,863.31

____lsf!3.!!-

24.6728,702.47

58.5027,246.7050,128.00

-r7,-i@id-

47 811.00

Ptz NEW DELHIFRN 1O92OB

&R

,e \JrFR ccqDA

TATA POWER DELHI DISTRIBUTION LIIiIITED(Fo]merly ORTH DELHI FOWER Ll}lrTED)

NOTES FORIIING PART OF E FI AI{CIAL STATEHE TS

OTE 24

CONTINGE T LIABILITIES AI{D COiIiIITHENTS(to the extent not Drovided for)

Prrticula]sAs at As at

3r.o3.16 31.O3.15Rs./lacs Rs./lacs

a, Claims aqainst the ComDanv not acknowledqed as debts

i. Legal cases filed by consumers, employees and others under litigation

ii. Property tax demands raised by municipal authorities

iii. Water charqes demand raased by Delhi Jal Board (DlB)

iv. Sales tax authorities

b. Liabilitjes arising out of liugation etc due to provisions ofTransfer Scheme puEuant to DelhiElectrlcity Reforms Act, 2002

c. Taxation matters for which liabilify, relating to issues of deductibility and taxability, is disputed by theCompany and provision is not made (computed on the basis of asessments which have been re-opened and assessments remaining to be completed):(i) Matters on which decislons with the CIT(A) and various appellate authorities are pending

(ii) Interest demanded (as per demand order and appeal effect order)

(iii) TOTAL DEMAND* (D + (ii)

(iv) Out of the above demand, amount paid under protest / adjusted by lncome tax authorities

*No provision is considered necessary since the Company expects hvourable decisions.

d. C' Forms pending issuance from sales tax department for the financial years 2008-09 to 2011-2012,including interest.

e. Claims of Dolyer suDDliers, not acknowledaed as exDense and credits

(including Rs. 736,727.02|acs lPrevious year Rs. 100,985.30 lacs] of Damodar Valley Corporation

[DVC] on account of fixed charges being claimed by DVC for the generating stations KTPS unit 1&2,

MTPS unit 7&8 and DSTPS unit 1&2. Power from above stations had been surrendered by theCompany due to delay in commissioning of these stations by DVC as the Company had made

adequate power arrangements due to non-availability of power from above stations. Further approvalof DERC for the same has also been obtained and duly communicated to DVC).

1.925.44

2.027.O0

73-82

1,344.00

100.00

1,875.95

2,027.00

64.05

1,005.00

100.00

1p54.72

1,121.49

1,359.14

1,325.97

2 2t2 85.11

1,951.56 2,156.00

146.93 65.87

153,868.02 119,091.12

f. Estimated amount of contracts remaining to be executed on capital account (net of advances) and 25,647.63 22,075.79not provided for

g, The Company had introduced a Voluntary Separation Scheme (VSS) for its employees in December 2003, in response to which

initially 1,798 employees were separated. As per the Scheme, the retirinq employees were paid Ex-gratia separation amount by

the Company. They were further entitled to Retiral Benefits (i.e- gratuity, leave encashment, pension commutation, pension,

medical and teave travel concession), the payment obligation of lyhich became a matter of dispute between the Company and theDVB Employees Terminal Benefit Fund 2OO2 Cthe Trust'). The Trust is, however, of the view that its liability to pay reural benefits

arises only on the employee attaining the age of superannuation or on death whichever is earlier. On 1 November, 2004, theCompany entered into a Memordndum of Ljnderstanding with the Govemment of National Capital territory of Delhi (GNCTD) and a

special Trust namely Special Voluntary Retirement Scheme Retirees Terminal Benefit Fund, 2004 Trust (SVRS RTBF, 20(N Trust)

was created.

For resolution of the issue through the process of law, the Company had filed a Writ, before the Hon'ble Delhi High Court. The

Hon,ble Court pronounced its judgement on this issue on 2 July, 2OO7 whereby it has provided two opuons to the Discoms forpaylng terminal benefits / residual pension to the Trust:

(i) Terminal benefrts due to the VSS optees and to be paid by Discoms which shall be reimbursed to Dis,coms by the Trust

without interest on normal retirement / death (whlchever is earlier) of such VSS optees. In addition, the Discoms shall pay

the Retiral pension to VSS optees till their respective dates of normal retirement, after which the Trust shall commence

payment to such optees.

(ii) The Trust to pay the terminal benefits and all dues of the vss optees and oiscoms to pay to the trust an 'Additional

Contribution, required on account of premature payout by the Trust which shall be computed by an Arbitral Tribunal of

Actuaries to be appointed within a stipulated period.

The Company considers the second option as more appropriate and also estimates that the liability under this option shall be lower

than unjer ihe first opUon r,rhich il presen y being iollowed. Pendlng computation of the liability by the Arbitral Tribunal of

Actuaries due to delay in appointment of the same, no adjustment has been made in these financial statements.

NEW DELHFRN 10920

a ts acR 4

fI \.\E OUD ACC

TATA POWER DELHI DISTRIBUTION LI'IITEO(Formerly NORTH DELHI POWER LIIiIITED)

NOTES FORIG RT OF E FI ANCIAL STATE]iIENTSPA

while the writ petition was pending. the Company had already advanced Rs.7,774.35 lacs (Previous Year Rs. 7,774.35 lacs) tothe SVRS Trust for payment of retiral dues to separated employees. In addition to the payment of terminal benefits / residualpension to the Trust, the Hon'ble Delhi High Court in its above Order dated 02.07.2007 in WP C 48222005 has held that theDiscoms are liable to pay interest @ 8c,6 per annum on the amount of terminal benefits for the period from the date of voluntaryretirement to the date of disbuEement. As mentioned above that due to p€nding computation of the liability by the ArbitralTribunal of Actuaries, the Company has paid Rs. 801.27 lacs in FY 2008-09 as interest to vSS optees which is also shown asrecoverable from SVRS Trust in case of option "ii". As the company was entided to get reimbursement against advanced terminalbenefit amount on superannuation age, the Company had recovered Fs. 2,971.04 lacs (Previous Year Rs. 2,971.04 lacs) andadjusted an amount of Rs. 5,310.42 lacs (Previous Year Rs. 5,188.96 lacs) from pension, leave salary and other contributjontotaling to Rs. 8,281.46 lacs (Previous Year Rs. 8,160 lacs), against a claim of Rs. 8,457.81 lacs (Previous Year Rs. 8,336.75 lacs)from the SVRS Trust ln resped of retirees, $rho have expired or attained the age of superannuauon till 31 March, 2016.

The Company is of the opinion that the total liability for payment of terminal benefits to the Trust based on actuarial valuationincluding payment of interest to VSS optees, would be less than the amount of retiral pensions already paid to the VSS optees andcharged to statement of profit and loss. Consequently, pending valuation of'Additional Contribution' to be computed by an ArbitralTribunal of Actuaries, the Company has shown Rs. 294,16 lacs (Previous Year Rs. 415.63 lacs), as recoverable as on 31 March,2016 and includes current portion of Rs. 134,48 lacs (previous year Rs. 127.38 lacs).

Apart from this, the Company has also been paying the retiral benefit including pension to the VSS optees till their respectivedates of normal retirement or death (whichever is earlier). DERC has approved the aforesaid retiral benefit including pensionamount in its Aggregate Revenue Requirement (ARR) and the same has been charged to the statement of profit and loss

amounting to Rs. 223.48 lacs (previous year Rs. 246,62 lacs), In addiuon to this, during the year the Company has alsorecognized liability of Rs. 419.69 lacs (previous year Nil) for retiral pension payable to the VSS optees till their respective date ofnormal retirement or death (whichever is earlier ) based on actuarial valuation as on 31 March, 2015

NETry DELHIFRN 10920

F i1 R AIYAR

rFRO AC

TATA POWER DELHI DISTRIBUTIOT{ UHTTED(Formerly NORTH DELHI POWER LI TTED)

NOTES FORI.IIIIG PART OF THE FINANCIAL STATEIiIE TS

NOTE 25

REVE'{UE FROiI OPERATIONS

(a) Sale of povrer'(b) Incohe from open access charges

Opening balance as at 1 April ofthe year (A)

Actual receipt (B)PorYer due against receipt (C)Power outflow against openlnq (D)Power outflow agalnst current perlod transactions (E)

Balance payable (A+C-D-E)

Yea. ended31.03.2016

Year ended31.O3.2015

Rs./L.cs Rs./Lacs

647,377.1474.5L

643,511-8023.45

cEr,45r55- -irtJ352t

1.553.993,735-96

7,962-323,Orr-57

1.43863.49

2,0t4.4O6,44a.31

50.042,433.17

131.46______-1!.I29.!L

t,246.80176.28

4,039.95336.08

3io9.I1 3.s79.o1

31.O3.2016 31.O3.2015

I{OTE 26

OTHER OPERAEI{G INCO'IE

(a) tate payment surcharge collected(b) Service line charges(c) Commission on

- DVB arrears collection- Energy tax collection

(d) Maintenance charges(e) Rebate on power purchase(F) TransJer from capttal grants(g) Transfer from consumer contribution for capltal works(h) Mlscellaneous operating income

(a) Interest(b) Net gah/(loss) on sale of investmenls (non trade)(c) Foreign exchange ffuctuatlon gain (net)(d) Income other than energy buslness(e) Other non operating income

Openlnq balance as at 1 Aprll of the year (A)Power banked (outffow) (B)Power due aqainst banked (C)Power recelpt agalnst openlnq (D)Power receipt against current period transactions (E)

Balance recelvable (A+C-D-E)

2-O2927.L7

2,133.794,790.00

51.672,424-94

263.01

______)L&!3_* includes incentive on street light malntenance of Fts. 143.58|acs (Prevlous period Rs. 151.36|acs)

NOTE 27

OTHER INCOi'IE

7ao.B4115.94816.49

1,737.O2r94.72

I{OTE 28

Power Purchase cost

The Company has entered tnto power purchase agreements based on prolected demand of power to be supplled to the consumers. Durlng

certain time stots, the power arranged may be ln excess of the actual demand and in some time slots, the demand may exceed prior

arrangements. In the event power procured exceeds demand, since the same cannot be stored, ls elther sold through bilateral arrangements

or all;wed to be drawn by other utilities from the G.id at an unscheduled Interchange (Ul) charge. Durlng the current year, the Company has

sold/under-drawn 1970.84 million untts (Previous perlod 1604.01 mlllion units) of power to / ln favour of other utilities. The power purchase

cost of Rs. 455,386.72 tacs (prevtous year Rs. 491,002.95 iacs) is net of sale of power/ UI receivables Rs. 71,955.40 lacs (Previous year Rs.

55,195.05 lacs) and excludes in- house power generauon cost.

presenuy coal based power generaUng stations of NTPC, Malthon Power Llmited and Damodar Valley Corporatlon have been raising power

purchase bills to Oenehciary Uased on the coal price as charged by coal companles, however, Gross Calorific Value (GCV) of coal on received

Lasis used for calculation of Energy charge Rate (ECR) was not in accordance with the Price pald for the Coal wlth a grade sllppage to the tune

of 8-10 bands. In a recent Judgement bi CERC ln petltion no 33/MP/2014 and 2A3/Gtl2O14 on thls lssue has ordered that their cannot be

significant variation in ccv or coat at tne toadtng point and unloading point at site. Accordlngly the company has computed the difference of

e;lmated excess bill charged by these coal basei power generatlng stations for the period Apr 14 to Dec 15 (ln line with cERc Regulations 14-

19) amounting to Rs 12o,ooo tacs approx (unaudited). As GCv loss from loading point by Coal Indla Limited (cIL) to unloading polnt at the

plant site cannot be signlncEnt, the compa;y has rati;nallzed the EcR calculatlon based on the price notification of CtL & information provided

by Gencos ln Form 15.

The matter of excess chaBes refund by Gencos has been further taken up by the Company through a separate petltion at CERC whlch is

currently under adjudlcation.

Bilateral Power Purchas€ Aor6€nent

The company has made bllaterat affangements with other power utilitles to bank power or vice versa and take b€ck or retuin the same over

the agreed period. power banking transactions both ways are recorded at the rate of R5. 4.OO per unit being the applicable rate as per

directi;e of ;ERq contract rate. Details of power banked during the period ended 31 March' 2016 are as follows:

Year ended Year €nded

MusReceivable

351.09t249.451309.79351.0976-22

1233.57

MusReceivabl€

403.29455.65464.71403.291r3.52351.09

Payable62.959.278.9462.954.940.00

NEW DELHIFRN 10920

ocR e

o\lRO ACC

Payable0.00

199.80211.59

0.00211.59

0.00

TATA POWER DELHI DISTRIBUTIOI{ LIHTTED(Fornerly ORTH DELHI POWER LIIrTED)

NOTES FORTiING PART oF THE FINA CIAL STATEHEI{TS

NOTE 29

E]IIPLOYEE BENEFITS EXPEI{SE

(a) Salaries, allowances and lncentNes(b) Contributlon to provldent and other funds(c) Staff welfare expenses(d) Other personnel cost

33.034.402,769-051,849.60

854.46------8,s0-?sr3,686.17

30,507.582,847,272,027.66

456.40

Less: Transferred to C-apital work-in-progress

(e) Pension and other payment to VSS and other reurees (See note 249)

Year ended31.O3.2016

Year erded31.o3.201S

lG,/Lacs ETfacs

34,82r.34643.a7

_______!rd!14

617.5113 055.54

36,640.95549.O7

41,223.46694.45

40,529.41857.55

3,O44-87102.19

3.3144 37.33

Note:Interest on Consumer Security D€positAs per the provisions of sectlon 47(4) of the Electriclty Sripply Act, 2003 interest on consumer security deposits is payable at the bank rate asper the notmcation by DERC. During the year 2007, DERC had issued Delhi Electrlc Supply Code and Performance Standards Regulations,whlch came lnto force from 18 April, 2007 through notlflcatlon ln the Omcial Gazette. As per clause 15 (vi) of the Regulatlons, interest at therate of 6010 per annum is payable on consumer security deposits received from all consumers. In vlew of the fact that the matter of liability on

account of opening consumer security deposiLs in excess of Rs. 1,000 lacs (Prevlous Year Rs. 1,000 lacs) transferred to the Company as per

the Transfer Scheme is sub-judice and no stay has been granted on payment of interest on and/ or refund of opening consumer securltydeposits in excess of Rs. 1,000 lacs (Previous Year Rs. 1,000 lacs), the Company has provided interest expense aggregaung to Rs. 3,327.58lacs (Previous Year Rs. 3,044.87 lacs) durlng the year on the outstanding consumer secLrrity deposits received by the Compady slnce takeoverof buslness tn luly 2002 and also on the estlmated total consumer security deposits recelved by the erstwhile DVB as per the Company'srecords. Out of the above interest expenditure, an amount of Rs, 207.63 lacs (Previous Year Rs. 200.35 lacs) would be recoverable from DPCL

f tie Company's contention is upheld by the Hon'ble High Court that the Company's llabllity for interest paymenv refund on account ofopening consumer security deposits is only to the extent of Rs. 1,000 lacs liability transferred to lt as per the statutory transfer scheme.

NOTE 31

OTHER EXPEI{SES

OPERATIiIG A D Ii{AINYE ANCE EXPE SES

2,34t.45 2,O44.02

NOTE 30

FINANCE COSTS

(a) lnterest on term loan (gross)Less: CapitallsedInterest on term loans (net)

(b) lnterest on cash credit accounLs/short term loans(c) Interest on consumer security deposits(d) Other borrowhg costs(e) Other interest

36,091.88529.O4

3,327.5448.2026.95

(a) Stores and spares consumed (Net of recoveries)

(b) Repairs and malntenance:(i) Buildlng(ii) Plant and machinery(iii) Others

(c) Loss on sale / retirement of assets

470.685,308.994,326.41

262,524,970,5t4,060.52

ADMI ISTRATIVE ANO GET{ERAL EXPENSES

(a) Communicauon expenses(b) Prlntlng and stationery(c) Legal and professional charges (see note 41)(d) Travelllng and conveyance(e) lnsurance(f) Advertisement, publicity and business promotlon(9) CSR Expenses (excluding 596 administrative expenses) (see note 44)

227.20307.21

1.608.18441.54455-97437.59455.02

77.99531.42

21.031,139.05

33.033,500,45

923,O7496.27

1.75200.84

(1,4O5.77)1,583.54

953.98

219.70307.16

1,515.70375,94828.29191.50811.34

27.53574.2280.61

1,074.0032.09

5,559.00602.15450.15

t22.69381.73

\424.5274t.66

(h) Rent and hire charges(i) Rates and taxes0) Frelght, handling and packing expenses(k) Billcollection and distdbution expenses(l) Postage and courier charges(m) Provision for Contingencies(n) EDP expenses(o) Housekeepingexpenses(p) Forelgn exchange fluctuation loss (net)(q) Bad debts written ofi(r) Provislon for doubdul debts/advances(s) Rebate(t) Mlscellaneous expenses

12,389.40 15 364.08NE!ry DELHIFRN '1O92OB

4/=25.454.94 25,7A3.33

35,838.853,511.04

32,327.4t246-62

@

_______19p2:LoL

81.681rAt9.25

TATA POWER DEL}II DISTRIBUTTON LIITTED(Formerly NORTH DELHI POWER LIli{ITED)

NOTES FOR.HING PART OF THE FINANCI,AL STATEI|E NTS

Upon expiry of 2nd MYT Regulation as extended up to FY 15-16, the Hon'ble Commission has issued the Delhi Electricity RegulatoryCommission (Composite Terms and Conditions for Tariff and Accounting) Regulations, 2015 (Draft MYT Regulation 2015) fordetermination of Annual Revenue Requirement for 3rd contml period (i.e. FY 2016-17 to FY 2O2O-21) and sought stakeholders,comments on the same. TPDDL vide its letter date 15 Feb, 2016 has submitted its comments on Draft regulation which are yet tobe notified. Pending notification of new MYT Regulation for 3rd control period, the Hon'ble Commtsston vide its letterF.3(390)fIarifflDERC/2Of4-L5/45961O36 dated 15/O242OL6 has directed to submit Business Plan and MYT Petitions for the periodfrom FY 2015-17 to FY 2020-21 based on the prevailing Acts, Policies and Regulations.Therefore, in compliance to above directive, without prejudice and other remedy available to the TPDDL under various laws, TpDDLin accordance with MYT Regulations 2011, various judgments given by judicial authorities, past practice and iustified reasons hasfiled its petition for true up of FY 2014-15 and ARR determination for FY 2016-17 on 07.04.2OL6.

Earlier as required by 2nd MYT Regulations 2011, the Company on 18th December, 2014 filed petitions for true up of Fy 2013-14 &Annual Revenue Requirement (ARR) for FY 2015-16. After following the due process of tarltf determination the DERC has issuedthe tariff order dated 29 Sept, 2015 which is applicable with effect from 01.10.2015. According to the tariff order, DERC hasestimated Revenue Surplus for FY 2015-16, hence no taritr hike been prcposed but continued to allow surcharge for liquidation ofpast revenue gaps and carrying cost on the same and also continued the lmplementation of quafterly power purchase adjustmentformula wherein the difference in the actual cost incurred in respect of long term power purchase and lntra-state transmissionagreements and the cost determined by DERC in the Tariff Computation shall be recoverable from the consumers.

In the said tariff order the DERC has reopened the paevious years trued up orders and again revised provisionally trued up RevenueGap up to FY 2013 at Rs. 3,37,583 lacs as against eedier trued up Revenue Gap at Rs. 3,84,703 lacs vide tariff order dated 23 luly2014. DERC has turther trued up Revenue Gap up to FY 31 March 2014 at Rs. 3,35,148 lacs. The analysis of the tariff order revealsthat the DERC has reopened previous years orders by provisional truing up of capitalazation, disallowance of decapitalised fixedassets and consequential corresponding impacts, reversal/ partial lmplementation of Hon'ble AErEL judgemenE etc. For the itemswhich have been disallowed by the DERC and are contrary to the Tariff Regulations of DERC, or deviation from past practice ornon/pa.tial implementation of superior judicial authority judgements, the company has filed an appeal no. 301/2015 before theATE on 17 Nov, 2015. Among others, there are certain items which have been disallowed either first time or reversed back afterallowance of the same in earlier true up orders in the absence of clear regulations or unilateral lnterpretations for which thecompany has obtained legal opinion. According to the legal opinion on disallowance for decapitalized assets, it would be prudentthat the company derecognlze RoCE, Depreciation and corresponding other disallowances which were earlier allowed by the DERCand booked in financial books of account from the date of decapitalization. Accordingly the company has adjusted net amount of Fs23,854 lacs on account of decapitalized assets, O&M and other expenses. The revenue gap as on 31 March, 2014 and 31 liarch,2016 stands at Rs. 5,14,639 lacs and Rs. 4,72,014 lacs respectively in financial books of accounts. Delhi Electricity RegulatoryCommission vide its order dated 11 March 2014 has also directed for refund of unspent amount of consumer contributlon forcapital works including lnterest which was challenged by the Company in appeal before ATE on 15 April, 2014. The said appeal hasbeen disposed off by Hon'ble ATE on 23 February, 2015 and the DERC has been directed to work out the assessment of amountrequired to be refunded to consumers along with interests and consequently to give corresponding impact in earlier trued uprevenue gap along with carrying cost,

c. The movement in Requlatory AssevLiability as'on 31 March,2016 is as follotYs

Particulars Year ended31.03.16

Year ended31.O3.15

t{oTE 32

REGULATORY INCOiIE/EXPEIISE . INCOT4E ADJUSTABLE IN FUTURE TARTFF (REGULATORY ASTiET)

a. As per Guidance Note on Rate Regulated Activities issued by ICAI which is applicable from 1 April 2015, the business of electricitydistribution is a Rate Regulated activity where the Delhi Electrlcity Regulatory Commission (DERC) determines Retail Supply Tariff(RST) to be charged hom consumers based on prevailing Regulations in place.

b. For the control period beginning from 1 April 2012 to 31 March 2015, DERC had issued MyT Regulations 2011 (Terms andConditions for Determination of Wheeling Tariff and Retail Supply TariF) on 2 December, 2011 for determination of RsT which havefurther been extended for FY 2015-16 vide Order dated 22.10.2014 issued by the DERC,According to these regulations, DERC shalldetermine the RST in a manner that the Company recovers lts power purchase costs as well as othe; prudenfly incurreddistribution expenses and earns an assured return of 160A p.a. on DERC approved equity subject to achievement of AggregateTechnical and Commercial (AT&C) loss reduction targets. In the event of over-achievement of AT&C loss reduction targets, theCompany is entitled for incentive by the way of higher rate of Return on Equity in addition to the assured retum of 1606 p.a. onequlty approved by DERC or vice versa.

(Rs./lacs) (RE./lacs)

(A) Opening Regulatory Asset(B) Regulatory tncome/(Expense) durirg the yeal(i) Power Purchase cost(il) All other prudent O&l,l cost including ROCE, carrying cost etc(ill) Collection available for ARR as per MYT order(C) Regulatory Income/(Expens€) (i)+(ii)-(iii)

Closing Regulatory Ass€t (A) + (C)Current Dortion disclosed in Note no. 23Non Current portion disclosed in Note no. 18

535,817.25 5t4,639.26

NEW DELHFRN '1C92OE

aN cA c

RD ACCO

..---

475,303.00 500,859.00131,045.00 150,830.00670,151.00 530,511.00(63,803.00) 2r,178.OO472,Ot4.26 535,a17.26

47,alL.OO 50,128.00424,203.26 48s,689.26

TATA POWER OELHI DISTRIBUTIOT{ LIMTTED(Forme.ly NORTH DELHI POWER LIIi{ITED)

NOTES FORI.IING PART OF YHE FII{ANCIAL STATEMENTS

d. The Company has filed a petition on 23 November,2012 with DERC for determination ofthe final generation tariff for the RithalaGeneration Plant under section 62 read with Part VII of the Electricity Act, 2OO3 and the Delhi Electricity Regulatory Commission(Terms and Conditions for Determination of Generation Tarifr) Regulations, 2OO7 (from commercial operation date i.e. 5 February,2011 to 31 March, 2012) and the Delhi Electricity Regulatory Commission (Terms and Conditions for Determination of cenerationTarif) Regulations, 2011 (for MYT period FY 2013 to 2015). Pending determination of the final generation tarifi, the Company hasrecognised revenue of P.5. 9,581 lacs (Previous year Rs. 9,592 lacs) for the year ended 31 March, 2016. As a matter of prudence,the company has made provision for contingencies of Rs. 3,500,45 lacs during current year (Previous year Rs. 5,559.00 lacs). Alsorefur note no. 35.

During the process of determination of Generation Tarilf, DERC may also determine the usetul life of the Rithala Generation Plant.

e. Earlier DERC had issued the 'Order on True up for FY 2010-11, FY 2OlL-12, FY 2O12-L3, Aggregate Revenue Requirement for FY2012-13 to FY 2OL4-15 and Distribution Tariff (Wheeling & Retail Supply) for FY 2OL2-L3. FY 2013-14 and FY 2014-15 CtheOrders) on 13luly,2OL2,31 July 2013 and 23 July 2014 respectively. while approving the pov{er purchase cost 60r these true upyears, DERC had provisionally allowed the power purchase cost for generation of Rlthala plant at the rate equivalent to the UI ratesfor units generated during the time when the Company was under-drawing from the grid instead of the actual cost of generation.Pending final determinatlon of Rithala power purchase cost as stated in (d) above, aggrieved by the approach adopted by the DERCfor provisional allowance of Rithala polver purchase cost, the company had preferred appeal no 777/2012, 271,/2013 and 24612014betore the APTEL. Appeal no L7L/2O72 against the true up order of FY 2010-11 has been disposed off on 10 February, 2015 andthe matter has been remanded back to DERC with the direction to recognize Rithala plant as a source of power and finalise thetariff which DERC has not done in current tariff order in compliance to the judgement of Hon'ble APTEL. By following the aboveapproach, DERC ln its true up order for FY 2010-11 and FY 2011-12 has disallowed Rs. 762 lacs and Rs 9,019 lacs respectively.Pending implementation of the APrEL direction in appeal no L7L/2O12, lhe Company has based on management estimates,accounted ior revenue of Rs. 762 lacs, Rs. 4,842 lacs and Rs. 4,968 lacs for FY 2010-11, FY 2011-12 and for the period 1 April,2012 to 30 September, 2012 respectively aggregating to Rs. 14,572 lacs besides Rs. 9,307 lacs as entitlement towards carryingcost (which includes Rs. 2,566 lacs for the year ended 31 March, 2016) thus amounting to Rs 23,879 lacs, which is included inregulatory asset. With effect from 1 October, 2012, the scheduling of polver generation at Rithala plant has been done as per theinstructions, di.ections of State Load Dispatch Center.

Further the pleadings of appeal no 271,/2013 and 246/2OL4 against the tariff order dated 31 luly, 2013 and 23 July 2014 are atadvanced stage, and the Appeal no 301/2015 against true up of FY 13-14 and tarifi order for FY 15-16 has been adrnitted. Thenext date of hearing against above Appeals have been fixed on 27 May 2016, 26 May 2OL6 & 18 May, 2016 respectively. TheCompany has also filed writ peution on certaln issues of MYT Regulations 2011 in the Hon'ble Delhi High Court in April 2012 ofwhich pleading are over and judgement has been reserved.

NOTE 33

TAX

The Company had made provision for bad debts out of its recelvables from the customers for the FY 2002-03 to FY 2006-07. The

Company did not add back the pmvision for doubtful debts while computing book profits u/s 11518 of the Income Tax Act, 1961 as theCompany was of the view that provision for doubtful debts is not a provision for unascertained liability but a provision for diminutionin value of an asset. Further there were judicial precedents saying that provision in doubtful debts is a diminution in value of assetand therefore is not to be added back to book profits.

The Finance Act 2OO9 has made a retrospective amendment in Section 115J8 for adding back the provision for diminution in value ofan asset while computing book profits under this section. Since the provisaons of Section 115J8 has been amended retrospectivelyw.e.f. assessment year 1 April 2001, the Company is continuing provision for tax on provision for doubttul debts for FY 2002-03 to FY

- 2006-07 amounting to Rs. 1,356.63 lacs (Prevlous year Rs 1,356.63 lacs)

provision of Current year Tax has been made in accordance with Section 11518 of the Income Tax Act, 1961 (Minimum Alternate Tax

i.e. MAT). The Company is entitled to take credit in respect of MAT paid, aggregating to Rs. 56,971.18 lacs as at 31 March, 2016(previous year Rs 48,288.58 lacs) within a period as provlded in the provisions of the Act. The MAT credit till 31 March, 2015 has been

iomputed on the basis of actual filing & for current year it iS as per provision tor tax taken in financial statement for the year ended

31 March, 2016. The credit entitlement has not been recognised as a matter of prudence.

NOTE 34

EARNINGS PER SHARE

The eamings considered in ascertaining the Company's EPS comprises the profit available for equity shareholders (i.e. profit after tax

and statutory / regulatory appmpriations).

Particularc UnitsYear ended31.O3.16

Year ended31.03.15

Profiv(Loss) for the yearLess: Dividend on cumulatlve redeemable preference

shares including dividend distribution taxProfiV(Loss) for the year attributable to equityshareholdersweighted average number of equiR sharesBasic and diluted earnlngs per share of Rs. 10 eachNominal value of equitY shares

The Company did not have any potential dllutive equity shares

Rs./lacs

Rs./lacs

Rs./lacs

Nos./lacsRs,Rs.

25,436.34

7 ,221.46

18,614.88

33,s98.81

7,22t.46

26,377.35

5,520.004.74

10.00

NETry DELHIFRN 1092

RAIad C5

DACA/:j--

s,520.003.37

10.00

TATA POWER DELHI DISTRTBUTION LIIITED(Fodnerly ORTH DELHT pOwER Lllit[TED)

I{OTES FOR'{ING PART OF THE FINANCIAL STATETIENTS

NOTE 35

Disclosure puEuant to Accountinq Standard 15 on .EmDloyee benefits'

a, lrefined contribution Dlan

i. Provident Fund PIan and Employees State Insurance Scheme

The Company makes contribution towards provident fund to a defined contribution retirement benefit plan for qualifyingemployees. The Company's contribution to the Employees Provident Fund is deposited by the Company under the EmployeesProvident Fund and Miscellaneous Provisions Act, 1952 which is recognised by the Income Tax authorities. The provident fundplan is operated by the Regional Provident Fund Commissioner. lJnder the scheme, the Company is required to contribute aspecified percentage of payroll cost to the retirement benefit scheme to fund the benefits.

The Company makes contribution towards employee state insurance scheme (ES[S) to a defined contribution benefit plan forqualifying employees. The Company's contribution to the ESIS is deposited by the Company under the Employees StateInsurance Act, 1948.

Pension and Leave Salary ContributionThe Company makes contributions towards pension and leave salary to a defined contribution retirement plan for erstwhileDVB employees. The Companyt contribution is deposited into the DVB Employees Terminal benefit Fund 2002 Cthe Trust') asper the transfer scheme on the basis of the Fundamental Rules and Service Rules (FRSR Rules),

On account of Defined Contribution Plans, a sum of Rs, 1,659.22 lacs (Previous Year 1,654.09 lacs) has been charged tostatement of profit and loss during the year.

b. Defined Benetrt plan (Gratuity Plan)

The gratuity liability arises on retirement, withdrawal, resignation and death of an employee. The aforesaid liability is calculated onthe basis of fifteen days salary (i.e. last drawn basic salary) for each completed year of service subject to completion of two yearsseryice.

c. Policy for recognising actuarial gains and losses

Actuarial gains and losses arising from experience adjustments and effects of changes in aduarial assumptions are immediatelyrecognised in the statement of profit and loss as income or expense.

d. The following tables set out the funded status of the gratuity plan and amounts recognised in the Companyt financial statementsas at 31 Nlarch, 2016:

i. Chanse in bcnefit obligations!

ParticuLr3Gr.tuity (Fund6d)

31.03.15 31.03.15

Present value of obliqations as on 1 ADril

Current Service Cost

Interest Cost

Past Service Cost

Aeuarial (oain)/loss on obliqation

Benefits Paid

Present value of obligation as on 31 arch(A+B+C+D+E-F)

Chanee in Plan Assets

Fair Value of Plan Assets as on I April

ExDected Return on Dlan assets

EmDloye/s Contribution

Actuarial Gain / (loss)

Benefits Paid

Fair Value of plan asset as on 31 l4arch(a+B+c+D-E)

Net Uability / (Asset) recognised in BalanceSheet

et Liability/(Asset) (i-ii)

(Rs./lacs)1,77 r-39

236.23

147.31

(Rs. /lacs)1,371.22

205.60

131.92

87.72

76.27

2.L55.78

139.34

76.69

B

C

D

E

ll

1,771.39

1,89a.a4 1,564.14

B

c

D

E

1,568.14

140.30

279.80

(13.13)

76-27

1,296.83

115.20

235.03

(2.23)

76.69

NEW DELHIFRN 10920

&IYARt\

aate AC

ll1.

l,Z266.9/r 203.25

TATA POWER DELHI DISTRIBUTION LIUTTED(Formerly NORTH DELHI POWER LIiIITED)

NOTES FORTiIING PART OF THE FINANCIAL STATEI,IENTS

iv. Expense recoenised in the statemelt of profit & loss

Pa.ticula.s Gratuity (Funded)

Current Service cost

Interest cost

ExDected return on plan assets

Actuarial (gain) / loss recognised during the year

Past se ice cost

Other adiustment

Net charge/(credit) (A+B-C+D+E+F)

Principal astuarial assumptions:

Particulars

B

c

D

E

t/l-15(Rs./lacs) (Rs. /1.c.3

236.23 205.60

t47 .31 131.92

140.30 115.20

100.24 141.58

(0.93)

342.55 363.90

Refer otesYear ended

31.O3.16Year ended

31.O3.15

Discount Rate (p.a.)Expected rdte of retum on plan assets (p. a.)Salary escalatlon rate (p.a.)

DemograDhic assumptions!

Retirement aqe

Mortality rate

1

23

7.700k8.35%8.O09/o

7.aoo/o8.85o/o8.00olo

Notes:

l The Discount Rate is based on the prevailing market yields of Indian Government securities as at the balance sheet date forthe estimated term of obliqations.

2 The expected refurn is based on the expectation of the average long term rate of return expected on investments of the funddurinq the estimated term of the obliqations.

3 The estimates of future salary increases considered takes into account the infiation, seniority, promotion and other relevantfactors,

Ycar ended31.03.16

Year ended31.o3.15

60 years

Publishedrates underIndianAssured LivesMortality(2006-2008)ultimatetable.

15%

Published ratesunder IndianAssured LivesMonality (2006-2008) ultimatetable.

60 years

15%withdrawal rate

€--- NEW DELHIFRN 109208

l. RCR &

1eoDA

TATA FOWER DELHI DISTRIBUTION LTHTTED(Forme.ly NORTH DELHI FOWER LIiIITED)

NOTES FORIi.IING PART OF THE FINANCIAL STATEI,IENTS

vi. The maior categories of plan assets as a Dercentage of total Dlan assets are as follows!

Particular5 31.03.16 31.03.rsGovernment of India SecuritiesDebt instrumentsEquity and preference sharesOther deposlts

47.429o 46.6L9o34.01 34.61<t/o6.200/o 4.56Ph

L2.37!/j 142?j6100,ooi)6 too.ooq6

The Companyt liability on account of gratuity is ascertained by actuarial valuer and planned assets of the Company aremanaged by Life Insurance Corporation of India in terms of an insurance policy taken to fund obligations of the Company withre6pect to its gratuity plan. The difference between the liability ascertained on account of gratuity/ by Life Insurancecorporation of India and actuarial valuer is provlded for in the financial statements of the Company. The categories of plan

assets as a percentage of total plan assets is based on information provided by Life lnsurance Corporation of India withrespect to its investment pattern for group gratuity fund for investments managed in total fo[ several other companies.

Year ended31-O3-2016

Year ended31-O3-2015

Year ended3l-03-2014

Year ended

"i -ot-2(lt3Year ended

vii. Padiculars 3 I (!3-2(l12

Present Value of B€nefit ObliqationFair Value of Plan AssetsNet liabilityExperience adjustments on plan liabilities-(Loss)/GainExperience adjustments on plan assets(Loss)/Gain

Rs. /lacs2!65.741898.84266.9436.34

Rs. /lacsL771.391568.14203.2517.78

Rs. /lac61371.221296.8374.3949.65

Rs, /lacsLL77.6L1060.1117.5140.33

Rs. /lacs880.73849.8530.8811.14

(11.3s) (0.04) -3.21 37.9L 25.85

viii. The contribution expected to be made by the Company during the financial year 2016-17 is Rs. 2O7.O2 lacs

e. Principal actuarial assumptions for long term cornpensated absences

Paticula6 Refer t{otes Year ended31.03.16

Year ended31.03.15

Discount Rate (p.a.)Salary escalation rate (p.a.)

1

27.7Oclo8.00o/o

7 .ao8.00%

Notes:

1 The Discount Rate is based on the prevailing market yields of Indian Govemment securities as at the balance sheet date forthe estimated term of obllgations.

2 The estimates of future salary increases considered takes into account the inflation, seniority, promotion and other relevantfactors.

Year ended31.03.16

DemograDhic assumptions!

Retirement aqe

Mortality rate

60 years

Publishedrates underIndianAssured LivesMortality(2006-2008)ultimatetable.

r5or'o

Published ratesunder IndianAssured LivesMortallty (2006-2008) ultimatetable.

60 yeaG

1596Withdrawal rate

NEW DELHIFRN 'IO92OB

ocIY Ra

1IJCQRD AC

Ary

Year ended31.O3.15

TATA FOWER DELHI DIS'RIEUTIO LIHTTED(Form€rly ORTH DELHI FOWER LI,{fTED)

I{OTES FORl,llNG PARI OF THE FI'IANCIAL STATEIIEI{TS

NOTE 36

POWERGEI{ERATIO PLAUT AT RTTHALA

Gas supply to the Rithala Plant has progressively reduced from FY 2011-12 with approx.60 in April, 2012, whlch further reduced to30% by Sept, 2012 and was completely curtailed by march 2013 as per the dlrections under Gas Utilazation Pollcy of Ministry ofPetroleum and Natural Gas, Govt. of India and EGOM on gas set up by Govt. of India, vrhich provides for a higher prlority to LPG andFertilizers. Whlle adequate alternate Spot Gas Arrangements have been executed by TPDDL to ensure the Plant Availability, the samels not belng dlspatched by the State Load Dispatch Center under Merlt Order owing to hlgh cost of Spot gas. Under such situation,only fixed cost for the unit is being bllled based on its availability. Also refer note no. 32 (d),

NOTE 37

SEGi{E'ITAL REPORTING

The Company is engaged in the buslness of distributlon and generation of power in North and North West of Delhl, As the Companyoperates ln a slngle business and geographical segment, the repoding requirement for primary and secondary segment disclosureprescrlbed by paragraphs 39 to 51 of Accounting Standard 17 - Segment reporting have not been provlded ln these financlalStatements.

OTE 38

RELATED PARTY OISCLOSURES (Ar per AS-lt)a. List of rclatrd parties

i. Company exercising control by holding more than one half in voting power of the Company. The Tata Power Company Limited fircL)ii. Company holding substantlal interest in voting power ofthe Company. Delhi Power Company Limited (DrcL)

iii. Wholly owned Subsidlary Company. NDPL Infra Limlted (NDPLIL)

iv. Fellow Subsidiaries (wlth whom the Company has transactions). Tata Power Trading Company Limited (TPTCL). Tata F,ower Solar Systems Limited (TPSSL). Tata Power Jamshedpur Distribution Limited (TPJDL). Tata Power International Pte Limited (TPIPL)

v. Key Management Peasonnel. Mr. Prdveer Sinha, CEO and Managing Dlrector. Mr. Arup Ghosh, CTO and Executive Dl.ector (w.e.f. 31 July, 2015 tilt 30 Nov, 2015)

NE\^J DELIIiFRN 10S208

TATA POWER DELTII DISTRIBUTIOT{ LI,,TTED(Formedy NORTH DELHI FOWER Ll}{ITED)

I{OTES FOR'4ING PART OF THE FINANCIAL STATEHEN.rS

b. Transaction/ balancea outatanding ryith Rclated Parti6!

Trans.ction / Outstsnding Balances

( Rs./Lacs)

HoldingComp.ny

Fellowsubsidiariea

whollyowned

Subsidiary

KeyXanagerneit

taEonnel

CompanyHolding

Substanti.lhterert @lnDanv

A, Transrctions du.ing the year

Purch.sc of goods/sGrviccf

- TPTCL

- TPSSL

Sale of goods/ 6ervic!3

- TPJDL

- TPIPL

Commls6lon c.med

* llanaeeaial remuneration

Other expenses

Recovcry of Erpensr6

- TPJDL

- TPIPL

(,

(,

(-)

(,

94,2|52.23(1os../r7.Oa)

94,252.35(105,440.20)

-0.12(6.84)

90.71(16t.47)

( 14.81)

(t264.3'

(268.33)

C)

c)

c)

G)

G)t5.a

(rs.4s)

(,

(-)

(-)

?.78(ss.2e)

(,

(,

(,

(,

G)

i-r(,r08.35(s9.s6) C)

(-)

(,

G)

(,399,96

(s25,97)

G)

(,

(,

C)

(-)

G)

(150.81)

(,

(,24.6s

C)

(,

90.71(14s.66)(,

l.a3(2.o2)

(,0.43(,

G)

(-)

(,

(,

(,

(-)

(-)

(-)

(,

(-)

G)

(,

G)1.56

(1a.9a)

(4.44)

1.56(10.50)

1,r33,74(e/lo.69)

G)

G)

c)344.21

(3O2,2s)

(,

(,

G)

(-)

Rebate on power purchaac- TPTCL

Rebste on sale of power- TPICL

- TPTCL

- TPSSL

Dividend p.id on equity oharcs

Dividend p.id on PrGfcrCncs shares

Payables

3,060.OO(3,160.6rr)

2,9a{r,oo(3,or6.56)

3,94r.24(3,378,2.)

3,786.r2(3,24|5,r6)

(, (20,06)

c) C)

G) G)

c) (,

c) G)

5.OO(5.0O) G)

C) C)

(,

C)

(-)

(,

(-)

i-r(,

B. Balrncc outstanding

lnvestmant ln cquity sharaa of gubiidiary company

Receiv.blGB

- TPIPL

C)974.51

(904.s3)

G)7,340,66

(27,012,82)

7 ,312.25(21,O14.27)

28.4L(28.ss)

22,31(8.12)

22.31(8.12)

- TPJDLG)

* Flgures in brackets r€present the prevlous year figures# Reimbursed to holdino company & included ln other expenses.

NEtV DELHIFRN 109208

ACC

KN R d

IER

Co

N

l--

(-) (-) (-) (,

TATA POWER DELHI DISTRIBUTION LIiIITED(Forine.ly NORTH DELHI FOWER LII,IITED)

NOTES FOR}IING PART OF THE FINANCIAL STATEMENTS

NOTE 39

Disclosure pursuant to DERC directive 6.13 (j) specified in Tariff order dated 29 S€p, 2015.

categorvwise billing, collection & subsldy information

(A) Billinc Year ended 31.O3.16

S.No Category

1 Domestic2 Non-Domestic3Industrial4 Agriculture & Mushroom Cultivation5 Public Ughting6 Delhi Jal Board7 Railway Traction8 DMRC9 Advertisement & Hoardings

10 Temporary Supply11 Suiff12 MISUSE13 Enforcement14 Other Adjustments

Grand Total

ReYenueBilled

217,OO5.54166,163.48244,202.96

500.7612,163.8821,265.35

3,777.5Ltl,t49.28

160.946,456.39

620.t4697.46

\at4.7399.78

646,066.20

SurchargeBilled

14,961.4611,514.6316,831.23

34.45867.48

1,461.55272.20755.55

444.4442.4949.23

t27.79

PPAC Billed

5,383.374,215.326,244.44

13.55331.69539.1996.85

301.273.90

t65.3715.1614.8426.85

ElectricityDUW9,684.436.865.93

1O,721.O520.33

134,95961.43 639.12

143.96504.32

(527.77\( 116.61)(138.43)

(Rs./Lacs)

TOD TOD RebateSurcharqe

2,706.686,474.72

(1,252.92\(3,898.66)

47,361.52 17,351.45

104.30 (80.6s)

8.80 (6.02)

10,sa1.3O (6,021.06)

503.536.3i

286.5226.6427.6980.97.3.98

29,323.40

(B) Collection

S.No Category

(Rs./Lacs)Year ended 31.O3.16

ReYenueCollected

Surcharge PPACCollected Collected

1 Domestic2 Non-Domestic3 Indust al4 Agriculture & Mushroom Cultivation5 Public Ughting6 Delhi Jal Board7 Railway Traction8 DMRC9 Advertisement & Hoardings

10 Stafr11 Enforcement12 Other Adiustments

Grand Total

15,069.1111,833.1516,853.32

37.34838.12

1,431.99272.20764.70

13.9342.97

t27.79

ElectricityDuty

coll€cted9,774.907,O44.7O

10,733.8121.98

123.94941.61

220,195.09t70,540.05244,233.63

542.76lt,932-5421.065.353,771-5t

10,692.18194.64620.68

L414.7399.78

645,702.94 47 ,2a8.56 16,937.90 28,795.33

5,260.734,231.196,164.53

13.85299-61523.5196.85

301.274.59

14.9126.46

7 -7026.7280.97

(RE./Lacs)Year ended

31.o3.16

0.0640,871.39

1,o70.4941.911,94

(c) subsidy Disbursed (including amnesty scheme)

l{otes

l Agriculture2 Domestic3 Amnesty scheme for JJ cluster

Grand Total

Collection aqainst temporary connection & Misuse is inciuded in respective tarilf cateqorvE tax collection include E tax collected on open AccessRevenue Billed & collected include enerqv charqes, fixed charqes, e tax, surcharqe, PPAC, ToD Surcharqe, ToD rebate etc.Revenue collected includes deemed collection on account of subsidy, cD interest, Rebate on number of bills etc.

1

234

NE!ry DELHIFRN 10920

oceRa I

URD ACCO

.--

TATA P1OWER DELHI DISTRIBUTION LIXTTED(Formcrly ORTH DELHI POWER Lll{tTEO)

NOTES FOR]i{ING PART OF THE FINANCIAL STATEI,IENTS

NOTE rlll

.. ErDenditurc in forciOn curtcncv

Ye.. ended31,03,15

Year endcd31.03.15

Rs./la€ Rs.,/1.c8

Consultancy and other expendltureTravelling

63.68 25.98

165.58 L21.73

28.1935.49

8.0717.91

Year Gnded31-03.i6

Year endcd31-03-15

b. Earnincs in Foreign currency

ConsultEncy/Traininq income

NOTE 'I

Detail of Audltora R.muneration*

Legal & professlonel charges lnclude Audito/s remuneratlon as follours

Particulaaa

Rs./l.ca Rs./lact

Audit fee (includlns quarterly audlts)Other servlcesReimbuEement of out-of-pocket expensesTotal* Exclusive of servlce tax

55.2510.85

L.70

48.2515.95

1.3967.80 65,59

taolE 42

As per the Transfer Pricing Rules of the Income Tax Act, 1961 the Company is required to get a transfer pricing study conducted todetermine whether the transactlons wlth related parties were undertaken at an arm's length basis for each financlal year end. Transferpricing study 60r the transactions during the year ended 31 F{arch, 2016 ls currently in progress and hence adrustmenB, if any, whlchmay arise there from will be consldered ln the financlal statements br the year ended 31 March, 2017. However, in the opinion of theComDanyt management, adlustments, lf any, are not expected to be material.

NOTE 43

Unhedqed foreiqn currency exDosurc

Particul.rsAE at 31.03 2016 A. at 31.03 2Ol5

For€i9n Rr./lecs Forrle n R.,/l.ca

Trade recelvable (in USD) 43,355 28-72 r2,985 8.12

NOTE ,14

CORPOR,ATE SOCIAL RESPO SIBILTTY

As per Sectlon 135 of the Companies Act, 2013, a company, meetang the eliglbility criteria, needs to spend at least 2% of its averagenet profit for the immedaately precedlng three f,nanclal years on corporate social responslbllity (CSR) activities. TPDDL'5 CSRprograms/prorects focuses on sectors & issues as mentioned in Schedule VII read with Section 135 of Companles Act, 2013. A CSRcommittee has been formed by the company as p€r the Act.

a) Gross amount required to be spent by the company during the year is Rs. 848.41 lacs.

b) Amount spent durlng the year on CSR (excludlng 5 administrative erpenses)R+/Lc.

S.No Particulars ln CashYet to be

D.id in cash Total

(i)

rii)

Constructlon / acquisition of any asset

on Durooses other than (l) above 855.02 855.02

NEW DELHIFRN 10920

dAIN

1I ti\JER D ACCO

TATA POWER DEI.}II DISTRIBUTIOiI LIHTTED(Formerly ORTH DELHI POWER Lt ITED)

I{OTES FIORI'ING PART OF THE FINAIICIAL STATEIiIEI{'S

NOTE 45

Prevlous Deriod fiqures have been Dresented 60r the DurDose of comDadson and have been reqaouDed where necessary.

For V Sankar Aiya. & Co.Chartered Accountants

For and on bchalf of thc Board of Dir€ctors

4F5?"4 Gj6rJ\,

An SardanaChairman

t---Pravee. SinhaCEO & Managirg Darector

Ar.y GuptPartner

ay KalsieCompany Secretary

4*,*,Chief Financial Officer

New Delhl13 l{ay,2016

New Delhl13 May, 2016

NE\ry DELHIFRN 1O92O8W

a cCeF

r€R OUD ACC