Annual Report 2014 15.compressed

13th ANNUAL REPORT
OF
BESCOM
FOR THE FINANCIAL
YEAR 2014-15
Corporate
office
1(.R.Circle, BENGALU RU-560001
~
~
Bangalore Electricity Supply Company Limited

(Wholly owned Government of Karnataka Undertaking)
(CIN- U04010KA2002SGC030438)
Registered Office: Corporate Office, K.R.Circle, Bengaluru - 560 001

Telephone No. : 080-22266011 / 22266033, Fax No. 080-22354925
Website:www.bescom.org , E-mail: cs(a:)bescom.co.in

Ref NO.BESCOMjBC-04jCSj
Date :26.09.2015
End: (1) Blank Shorter consent Notice. (2) Blank Proxy form
NOTICE
NOTICEis hereby given that the 13th Annual General Meeting of the Members of
Bangalore Electricity Supply Company Limited will be held on Wednesday,
the 30th September 2015 @ 1:00PM at Corporate Office, K.R.Circle,
Bengaluru- 560 001 (at a shorter notice) to transact the following business :ORDINARY BUSINESS:
Item No.1 - Adoption of financial statements (including CFS)

To receive, consider and adopt the financial statement of the Company for the
year ended 31st March 2015 including the audited BalanceSheet as at 31st March
2015, the statement of Profit & Lossfor the year ended on that date and reports'
of the Board of Directors (the Board) and Auditors report together with the
comments received from the Comptroller & Auditor General of India under
Section 146 (6) of the CompaniesAct, 2013.
Item No.2 - To declare a dividend on equity shares I any other
decision if thought fit as per section 123 of CompaniesAct 2013.
Item No.3 - To consider appointment of Auditors and to fix their
remuneration and in this regard to consider, if thought fit, to pass with
or without modification(s), the following resolution:"RESOLVEDTHAT, pursuant to the provisions of section 139 (5) of the
CompaniesAct, 2013 and pursuant to the recommendations of Comptroller and
Auditor General of India, Mis. V.K.Niranjan & Co., Chartered Accountants,
Kurubara Sangha Building, Kanakadasa Circle, Gandhi Nagar, Bengaluru - 560
009 be and is hereby appointed as the Statutory Auditors of the Company, to
hold the office from the conclusion of Annual General Meeting (AGM) till the
conclusionof next AGMat the remuneration as recommended by the Board
By order of the Board
For Bangalore Electricity Supply Company Limited
Sd/(K.T.HIRIYANNA)
Company Secretary

(Wholly owned Government of Karnataka Undertaking)
(CIN- U0401 OKA2002SGC030438)
Registered Office: Corporate Office, K.R.Circle, Bengaluru - 560 001

Telephone No. : 080-22266011/
22266033, Fax No. 080-22354925
Website:www.bescom.org , E-mail: cs(a)bescom.co.in
NOTES:
1. A member entitled to attend and vote at the Annual General Meeting
is entitled to' appoint a proxy to attend and vote instead of himself
and the proxy need not be a member of the COmpany.
2. The Company being a Government Company, the Comptroller &
Auditors General of India will appoint the Auditors of the Company
for the year 2015-16 under section 139 (5) of the Companies Act,
2013.
3. The Company being a Govt. Company, the aspect of declaration of
dividend will be in accordance with the recommendation
of the
Board, decisions of shareholders as deem fit and in accordance with

the provisions of Companies Act, 2013.
By order of the Board
For Bangalore Electricity Supply Company
Limited
Sd/(K.T.HIRIYANNA)
Company Secretary
Place: Bengaluru
Date:26.09.2015
C-J
BOARD OF DIRECTORS
218
(As on the date of AGM)

S1.
No.
Position
Names
Chairman
1.
Sri.P.Ravi Kumar, lAS.,
2.
Sri.Pankaj Kumar Pandey, lAS.,
3.
Sri.Jawaid Akhtar, lAS.,
Director
4.
Sri.Gaurav Gupta, lAS.,
Director
5.
Sri.H.Nagesh, B.E, FIE.,
Director (Tech)
6.
Sri.B.L.Guru Prasad, IRS.,
7.
Smt.Dipti Aditya Kanade, lAS.,
Director
8.
Sri.T.H.M.Kumar, lAS.,
Director
9.
Sri.K.T.Mahanthappa, B.E.,
Director
10.
Sri.M.Nagaraja, B.E.,
Director
11.
Sri.A.N.Jayaraj, B.E.,
Director
Managing Director
CFO & Director (F)
COMPANY SECRETARY
Sri. K.T.Hiriyanna
STATUTORY AUDITORS
Mfs.Niranjan & Co.,
Chartered Accountant, Bengaluru
Cost Auditors
Mfs.Murthy & Rao
Cost Accounts, Bengaluru
Secretarial Auditors
Mfs.P.K.Pande & Associates
Practicing Company Secretaries
Bengaluru
Registered Office: Corporate Office, K.R.Circle,
Bengaluru - 560 001, Karnataka
219
DIRECTORS' REPORT
Dear Members,
Board of Directors of Bangalore Electricity Supply Company Limited
(BESCOM) have pleasure in presenting the Thirteenth Annual Report for the year
2014-15 and the Audited Accounts of the Company for the year ended March 31st
2015.
Bangalore Electricity Supply Company Limited was incorporated on 30th
April 2002 under the Companies Act, 1956 and commenced its operations with
effect from 1st June 2002.
The Company has successfully completed thirteen years in the "Distribution
of Electricity." The Company having its headquarters at Bangalore city has its
jurisdiction comprising eight districts viz., Bangalore Urban, Bangalore Rural,
Kolar, Ramanagara, Chikkaballapura, Tumkur, Davanagere and Chitradurga.
During the year 2014-15, the Company took various initiatives for
rendering better services in line with Government Objectives and Policies. The
Company had set its agenda for quality service in "Distribution of Electricity" to
its consumers by strengthening the distribution network and improved efficiency
measures in the field of Information Technology.
BESCOM continued its pursuit of higher goals in the direction of increased
Metered Sales, increased Revenue realization, meaningful "Energy Audit" at 11
KV & below and increased customer care activities using Information Technology
by reducing human intervention etc. All these have been ably supported by the
employees and the result is reflected in present improved position of the
Company.
The progress of the Company on different parameters
hereunder.
IS
enumerated
1. STRATEGY AND VISION OF THE COMPANY:

The vision of BESCOM is to become number one in customer satisfaction
in South Asia in Power Distribution. In order to achieve this vision, the Company
has drawn up a strategy with focus on customer satisfaction, regulatory
compliance and meeting stakeholder expectations etc.
220
II. MISSION:
The Mission of BESCOM is to ensure absolute consumer satisfaction and
continuous profit in business by:
a) Ensuring total employee satisfaction.
b) Developing infrastructure commensurate with growth, thus ensunng
reliable and quality power supply.
c) Using best technology in communication and best practices in power sector.
Ill. PERSPECTIVE:
BESCOM covers a geographical area of 41,092 Sq. Kms with a population
of 207 lakhs and serves more than 94.44 lakhs customers. The total asset is worth
Rs.12615.40 Crores as on 31st March 2015.
1
2
3
4
5
6
7
8
9
10
Area
District
Population
Consumers'
No.ofDTCs
HT Line length
LT line length
Employee Strength
Sanctioned
Working
41,092 Sq.Kms
8
20.7 Million
9.44 Million
211287
86256.4 7 Ckt. Kms
161186.08 Ckt..Kms
Total Assets
Rs. 14645.71 Crores
21455
12358
(a) Consumer Population:

Consumer population served by BESCOM is steadily increasing and
recorded an increase of 5.83% in FY-15 over previous year. The number of
consumers existing as on 31-03-15 stands at 94,44,518.
Category wise consumers are furnished below:
SI.N.
1
2
3
Category
Bhagya Jyothi
Domestic Lighting and AEH
Commercial Lighting
As on
31-03-2014
7,32,030
60,72,901
8,24,739
As on
31-03-2015
7,69,153
63,89,122
8,64,600
% of
Increase
5.07
5.21
4.83
221
4
LTPower
HT Power
Irrigation Pump sets
Street Light & Others
Temporary Power
Defunct IP Installations
1,69,289
10,449
6,96,446
1,06,814
2,66,311
48,673
89,24,652
TOTAL
1,75,326
11,416
7,70,469
1,15,489
3,48,943
0
94,44,518
3.57
6.41
11.11
8.12
34.14
-100.00
5.83
(b) Tariff wise number of consumers and its proportion to the total as on 31-03-15.
Tariff
Number of
consumers
% to Total
Tariff
Number
of
consumers
% to
Total
LT1
LT2
LT3
LT4
LT5
LT6
LT7
Defunct
769153
6389122
864600
770469
175326
115489
348943
8.l4
67.65
9.15
8.16
1.86
1.22
3.69
HTl
HT2A
HT2B
HT2C
HT3
HT4
HT5
Total
186
5414
4893
380
29
217
297
99,44,518
0.12
100.00%
IV. FINANCIAL PERFORMANCE:

The financial performance of the Company during the Financial Year 201415 is highlighted as below:
Particulars
SI.No.
Revenue from operations
Other Income
TOTAL REVENUE
For the year

ended
31 March, 2015 Rs.
For the year ended

31 March, 2014
134796046743
116173534966
2052439266
Rs.
18278 56287
13684 84 86 008
11800 13 91 253
116850283737
549402861
8023529384
10656 87 27 849
51 65 67266
7532777251
Expenses
Purchase of Power
Other operating expenses
Employee Benefits Expenses
222
I
Other expenses
Finance costs
TOTAL EXPENSES
4
397 07 21 062
3976620444
132270557489
3193464028
3234543618
121046080012
Profits before Depreciation, Prior

period items, exceptional items,
extraordinary items, Income Tax
(1+2-3)
3477928519
19978 51 796
-304 46 88 760
126 1825 520
1480076723
-430 65 14 280
228507802
434992916
Depreciation
Profit / (Loss) before Prior period

items, exceptional and extraordinary
items and Income Tax (4-5)
Exceptional items
1251568921
9
10
Profit / (Loss) before Prior period

items, extraordinary items and Tax
(6-7)
Prior period Expenses (+) / Income (-)
Extraordinary & Prior period items
11
Profit / (Loss) before Tax (8-9)
1391936294
12
Income Tax Expenses:

(a) Current tax expenses
(b) Less: MAT credit
(c) Deferred tax
(d) Tax expenses relating to prior
years
-474 1507
196
306738 538
5245300000
1403 67373
-
810531342
257500000
49500000
1134436294
761031342
113 44 36 294
761031342
13
Profit / (Loss) from continuing

operations (10-11)
14
Profit / (Loss) from discontinuing

operations
15
Profit / (Loss) for the year (12+ 13)
16
Earnings per equity share of Rs. 10

each.
(1) Basic
(2) Diluted
General note (Note No.30) form an
integral part of these financial
statements
2.07
1.39
223
V. SUB STATIONS:
BESCOM is receiving energy through the following Transmission Network
& Electrical Substations.
Voltage Class of
Stations
No. of Substations
400Kv
220Kv
39
1l0Kv
28
66Kv
357
Total
427
VI. POWER PURCHASE:

(1)
BESCOM is purchasing power from power generators as per

Government of Kamataka Order No. EN 131 PSR 2003 dated 10.5.2005
w.e.f., 10.6.2005. The purchase of power from various sources such as
Hydel, Thermal, Biomass, Wind, Solar etc., is allocated by the
Government of Kamataka.
The power is procured from:
(a) Central Generating Stations like NTPC, NLC, NTECL, Kaiga,
Kudankulam and MAPS
(b) State owned generating stations of KPCL- Hydel, Thermal, Solar
and Wind.
(c) Independent power producer - Udupi Power Corporation Ltd.
(d) Independent power producers Non-conventional energy sources like
Wind, Biomass and Mini-hydel.
The capacity available from various sources is as below.
(2)
Sources
Capacity in MW.
Hydel
Thermal
Atomic
Non-Conventional Projects
1032.87
3737.62
179.10
1237.00
Total
6186.59
The share of allocation for various power projects as per Government of

Kamataka Notifications and average power purchase cost per Kwh are
as follows:
224
S1.
No.
27.89%/31.91 %
Av. Power
Purchase Cost
in paise/Kwh.
57.00
50.44%
50.44%
50.44%
50.44%
367.36
550.83
400.67
401.92
50.44%
50.44%
50.44%
50.44%
296346
326.80
308.23
207.74
77.35%
428.14
100%
100%
100%
100%
50.44%
51.50%
66.666%/51.50%
49.64%
511.49
327.18
357.02
773.28
230.63
464.87
550.00
550.00
Share of
allocation
Source
1 (a) KPCL Hvdel:

KPCL Thermal:
RTPS 1 to 7
RTPS VIn
BTPS Unit I
BTPS Unit II
Central Geueratinz Stations:
2.
(a) NTPC
NLC
(b)
Kaiga
(c)
MAPS
(d)
Major IPPs
3.
Udupi Power Corporation Ltd.
Minor IPPs (NeE Projects)
4.
Biomass
Mini Hydel
Wind
Solar
UI
Medium Term
Short Term
Sec 11
(b)
(3)
(4)
Transmission Charges:
BESCOM is making payment of transmission charges to KPTCL and
PGCIL. The Transmission Charges being paid to KPTCL on MW basis
as approved by KERC and for PGCIL, it is as approved by CERC.
Energy Charges:
(a) The total energy purchased at generation point, energy drawn at IF
point and cost thereon, are as follows.
Total Energy
purchased in
MUs
Total energy
drawn at IF
points in
MUs
Power
Purchase
cost(Rs. in
Crores)
29423.03
28256.47
11689.56
Average Power
Purchase cost Rs lunit)
At J.P.
At Gen. point
IF.
4.15
3.97
225
(b) Comparison of Source-wise power purchase cost during 2014-15 and
2013-14
SL.
No.
SOURCE
Hydel Power
2014-15
ENERGY
AMOU
PURCHAS
NT IN
ED IN
CRORE
MUs
S
2013-14
ENERGY
AMOU
PURCHAS
NT IN
ED IN
CRORE
MUs
S
4225.16
393.89
4535.86
359.64
Thermal Power
17120.56
6651.74
15089.14
5670.58
Lignite Power
1425.85
465.97
1370.15
413.31
Atomic Energy
1384.37
392.23
1039.33
288.09
Major IPPs
Non-conventional
Energy
13.30
6
7
Wind Mill Energy
Diesel Generating
Unscheduled Inter
Change Charges
Short Term
Purchase
Tr.
Charges(KPTCL/P
GCIL)
Other Expenses
POSOCO Charges
SLDC O&M
Expenses
Cost of Banked
Energy
PCKL Rev.
Expenses
Energy Balancing
Inter ESCOM
Tangendco
Legal E~enses
Prior period
expenses
Prior period
Income
9
10
11
12
1.
11.
...
111.
IV.
13
14
15
16
17
18
TOTAL
316.13
175.73
69.04
37.24
2259.85
806.63
2441.56
867.43
-0.53
19.57
39.77
165.55
38.18
-119.56
-21.24
3300.85
1714.83
4012.93
1947.63
1267.10
1295.99
1.49
1.63
17.16
11.36
4.03
4.09
-790.08
14.79
-
2.81
-297.94
5.81
0.18
0.28
330.01
-547.68
17.90
-
-276.02
29423.03
11689.56
-213.45
9.22
0.23
125.40
-151.50
27928.24
10702.75
226
(c) Statement showing the details of power purchased, power purchase
cost (P.P.Cost) and cost per unit from various sources and
transmission charges and other charges for the year 2014-15.
SL.
No.
1
NAME OF THE
COMPANY
P.P
COST
(Rs/Kwh)
4262.87
1425.85
82.22
848.81
218.41
453.34
1263.79
465.97
17.08
261.63
83.26
113.52
2.96
3.27
2.08
3.08
3.81
2.50
249.48
7540.98
165.55
8.41
55.94
229.90
85.94
2291.19
38.18
0.88
25.42
64.48
3.44
3.04
2.31
1.05
4.54
1611.44
837.95
5.20
11.76
5.51
13.45
1642.16
5.45
2.48
3.69
849.57
4.63
4.50
4.26
5.17
Central projects
NTPC
NLC
MAPS
KAIGA
VALLVR
KUDANKULAM
NTPC BUNDLED
POWER(Coal)
CGS Total
VI CHARGES
TBHE
Jurala
AMOUNT
BILLED (Rs. In
crores)
CONS
IN MUs
Total
Medium term
Purchases
Mis NETS
Mis JSW
Mis lEX & PEX
NUs BMM Ispat
Mls.ESSAR POWER
Mis . IDEAL ENERGY
Mis GUVNL
Medium term Total

Short term Purchases
814.19
8.95
247.58
113.45
26.24
18.68
141.98
33.54
120.49
28.72
35.58
69.29
Global Energy
Harekrishna Metallics
BNlM Ispat
ISW
Reliance
Dhruvadesh Metasteels
Tata
Nirani Sugars
PTCIL
Athani Sugars
Satish Sugars
GMR
404.68
4.91
135.95
61.99
14.43
10.22
77.20
18.21
64.44
15.80
19.53
37.90
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
227
3
4
5
1658.69
207
865.26
110.67
5.5
5.5
3682.21
0.57
7773.99
9.11
4.38
211
-0.53
3031.92
3.06
2.62
4550.28
2117.90
4.28
70.93
478.60
2250.74
33.83
36.28
156.59
803.56
26.16
5.11
3.27
3.57
7.73
65.52
30198.32
68.94
10638.31
10.52
3.52
234.56
1032.54
1267.10
1.54
-3.58
21.24
-4.41
0.61
-1.41
8.35
-1.73
GESCOM
MESCOM
CESC
HESCOM
OTHER CHARGES
Cost of Banked Energy
SLDC O&M Expenses
POSOCO charges
Tangendco
PCKL Rev. Expenses
Legal Expenses
-29.66
-59.40
-288.69
-412.33
-89.56
-5.94
-110.73
-91.71
SUB-TOT AL(III)
-775.29
Short term Total

SEC-11 Energy
State Projects
KPCL- HYDEL
KPCL-DG
KPCL- THERMAL
KPCL-WIND
KPCL-SOLAR
Private Producers
OPCL
NCE Projects
Bio-Mass
Mini-Hydel
Wind
Solar
NTPC BUNDLED
POWER (Solar)
SUB- TOTAL (I)
Transmission Charges
PGCIL Tr. Charges
KPTCL Tr. Charges
SUB- TOTAL (II)
INTER ESCOM
EXCHANGE POWER
GESCOM
MESCOM
HESCOM
CESC
8
3.9
3.36
5.98
ENERGY BALANCING
CHARGES
17.16
1.49
0.18
2.81
0.27
Prior period Expenses

Prior period Income
-270.21
330.01
-276.02
GRAND TOTAL
29423.03
11689.56
3.97
228
(d) BESCOM has purchased power from various short term and medium
term contractors to mitigate power shortage situation. The medium
term contractors are Mis. JSW, Mis. GUVNL, Mis. Essar Power and
Mis. Ideal Energy. The short term contractors are Mis JSW, Mis.
PTCIL, Mis. TATA, Mis. Dhruvadesh Metasteels, Mis Harikrishna
Metallics, Mzs.Reliance, Mis. BMM Ispat, Mis. Athani Sugars, Mis.
Satish Sugars and Mis. Nirani Sugars. The quantum of energy
purchased and amount paid for Medium/short term contracts is
furnished as below:
Statement showing the details of energy purchased and amount paid for
Short term/ Medium term contracts in 2014-15.
ENERGY
(in MUs)
MEDIUM TERM
Mis JSW
Mis Essar Power
Mis Ideal Energy
Mis GUVNL
Total
1611.44
11.76
5.51
13.45
1642.16
Rate
(Rs/uint)
AMOUNT
(Rs/crore)
5.20
4.63
4.5
4.26
5.17
837.95
5.45
2.48
3.69
849.57
SHORT TERM
814.19
8.95
247.58
113.45
26.24
18.68
141.98
33.54
120.49
28.72
35.58
69.29
1658.69
207.00
3507.85
Global Energy
Harekrishna Metallics
Bl'vIMIspat
JSW
Reliance
DhruvadeshMetasteels
Tata
NSL Sugars
PTCIL
Athani Sugars
Satish Sugars
GMR
Short term Total
SEC-II
TOTAL
(e)
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.5
5.20
404.68
4.91
135.95
61.99
14.43
10.22
77.20
18.21
64.44
15.80
19.53
37.90
865.26
110.67
1825.50
The following Power Purchase Agreement have been signed by

BESCOM which is approved by KERC during 2014-15.
S1.No.
1
2
No.
1
Source
Wind
Solar PV Plants
11
10
Capacity in Mw
17.85
263
229
(5) Peak Load:The details of peak load of state and BESCOM and energy input for year
2014-15 is furnished below:
Maximum
Minimum
Month
BESCOM
(in MW)
BESCOM
(in MW)
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-I5
Feb-15
Mar-15
4344
4148
4081
4093
4175
4177
3763
3957
4318
4592
4608
2751
2069
..>1696 < >
1733
19373
1961
1830
2012
2446
2202
2607
1.4639,
2799
Total
Wheeled
Energy in
kwh MUs
50.46
54.28
69.81
91.58
97.86
100.82
106.23
103.25
108.43
119.41
115.61
130.45
1148.18
Input
Energy of
BESCOM in
MUs
2611.70
2455.18
2287.54
2334.14
2224.58
2220.88
2027.54
2145.27
2389.01
2485.72
2381.40
2693.51
28256.47
(6) Energy at IF points:The total energy drawn at IF points 28256.47 MU. The energy drawn
at IF point during previous years, percentage of increase in each year,
energy sales, percentage of increase in each year and distribution loss are as
follows.
Sl.
No.
1
2
"J
.J
4
5
6
Year
FY
2006
FY
2007
FY
2008
FY
2009
FY
2010
FY
2011
% increase
0/0
Distri
butio
n
Loss(
over
previous
year
Energy
available
for
sale(MU)
15321
4.55
11613.69
5.15
24.20
18522
20.89
14126.45
2l.64
23.73
18665
0.77
14933.57
5.71
19.99
19566
4.83
16310.48
9.22
16.64
20329
3.9
17251.6
5.77
15.14
21909
7.77
18736.12
8.6
14.48
Energy
MUat
IF points
11
increase
over
previous
year
AT&
C
Loss
%)
34.25
26.55
26.15
17.42
17.54
18.54
230
7
FY
I 2012
FY
2013
FY
2014
10
FY
2015
19.50
24584
10.88
21029.95
12.24
14.46
26568
8.07
22796.00
8.40
14.20
19.22
26786
0.94
23065.37
1.18
13.89
16.97
28256
5.49
24436.08
5.94
13.52
16.76
VII. METERED CONSUMPTION:

% Increase over
(MU)
Consumption by
Metered Category
15321
18522
18665
19566
20329
21909
24584
26568
26786
28256
8307.06
9717.36
11283.82
12205.78
12940.32
14263.20
15675.92
17069.13
17827.25
18676.96
15.58
16.98
16.12
8.07
6.02
10.23
9.90
8.89
4.44
4.77
Energy Input
Year
FY-06
FY-07
FY-08
FY-09
FY-I0
FY-ll
FY-12
FY-13
FY-14
FY-15
previous year
VIII. SALE OF ENERGY:

During FY-15, 24436.08 MUs were sold to various categories of consumers,
out of which 18676.96 MUs (Including Inter Escoms) were under metered
category and the balance of 5759.l2 MUs was accounted under unmetered
category. The distribution loss for the year is assessed at 13.52% and AT & Closs
is assessed at 16.76%.
(a)Metered Energy Sales:Sl.
No.
1
2
3
4
5
6
7
Category
Bhagya Jyothi
Domestic Lighting. incl. AEH
Commercial Lighting
IP set (Metered)
L.T. Power
H.T.
Water Works / Public Lighting
12
In Mus
135.85
5718.72
1663.33
179.67
1134.22
8830.72
820.00
231
194.45
18676.96
Temporary installations
TOTAL
(b) Un-Metered Energy Sales:Sl. No.
Category
1.
Irrigation Pump Sets
In MUs
5759.12
5759.12
TOTAL
(c) Category wise energy sold 2014-15:-
."
LT2
LT1a
Tariff
LT3
LT4
LT5
LT7
LT6
Water
Domestic
Indus- Works &
Temp
Lighting Comml IP Set
Street
tries
& Heating
Light
Category
BJ
Energy
Sold in
MUs
135.85
5718.72
1663.3 5938.7 1134.2

820.00
2
3
9
HT
TOTAL
All
194.45 8830.72 24436.08
(d) Break up ofHT sales:HT2A
HTI
"
. Water
Supply
Industrial
664.24
4750.15
HT2B
HT2C
Commercial Hospitals
2795.89
HT3
HT4
Lift Irrigation
Residential
Apartments
Temporary
18.29
127.25
285.58
189.32
HT5
TOTAL
IX. REVENUE DEMAND AND COLLECTION:(a) Revenue Demand:

The revenue demand consequent to the growth in consumers and
tariff has increased over the years as follows:
SINo.
Financial YearlRevenue
Demand
01
Demand FY08: Rs. 5807 Cr
02
Demand FY 09: Rs. 6190 Cr.
03
04
13
8830.72
232
05
06
07
08
Demand FY 13: Rs.I0724 Cr.

Demand FY 14: Rs.11560 Cr.
Demand FY 15: RS.13385 Cr
(b)Revenue Collection:
The revenue collections have also increased over the years as follows:
Sl No.
01
02
03
04
05
06
07
08
Financial YearlRevenue
Collection
Collection FY 08: Rs. 5360 Cr.
Collection FY 09: Rs. 6132 Cr
Collection FY 13: Rs.1 0096 Cr.
Collection FY 14: Rs.11147 Cr.
Collection FY 15: Rs.12884 Cr.
(c) Revenue from the consumers is being collected through the following
systems:
As a consumer friendly measure, BESCOM has initiated a number of
actions intended to increase consumers comfort while dealing with BESCOM. As
a part of this a number of payment channels/mechanisms are provided to them,
VIZ:-
(1)Bangalore Metropolitan area Zone:

(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
U)
(k)
(1)
(m)
Electronic Clearance Scheme(Direct debit from the bank a/c initiated by RBI)
Bill Junction(ECS mandate & online)
Easy Bills (Counters)
Bangalore One (Centers)
City Union Bank (Counters)
IDBI Bank (Bescom website)
Pay u mobiles (mobile application online)
Mobile Governance
Bill Desk (online & electronic bill presentment)
BESCOM Cash Counters
Post Office
IMI Payments
Cheque Drop Boxes
14
233
(2) RAPDRP Towns:
Online payments (Bescom Web site)
(b) BESCOM Cash Counters
(c) Cheque Drop Boxes
(a)
(3) Non RAPDRP Areas:

(a)
(b)
(c)
(d)
(e)
(f)
(g)
x. DEMAND
Online payment (Bescom Web site)

BESCOM Cash Counters
Cheque Drop Boxes
Micro Feeder Franchise
Davanagere One
Tumkur One
Easy Bill
SIDE MANAGE:MENT (DSM) MEASURES:
The following DSM measures were taken in the year 2014-2015 BESCOM to
save energy:
(a) Implementation
of Solar Rooftop system:-
The Government of Kamataka has announced the solar policy 201421 for grid connected solar rooftop system under net-metering basis on
22.05.2014 and set up an SRTPV Target of 100 MWs per year from the
year 2014-15 to 2017-2018.
BESCOM online application for grid
connectivity, KERC approved guidelines, timelines and standard format of
application, power purchase agreement and other formats for SRTPV
plants are made available in the BESCOM website.
~
On 07.11.2014 Hon'ble Minister for Energy, GoK, Sri. D.K

Shivakumar has launched grid connected Solar Rooftop programme
(On Net metering basis) in BESCOM which was extended to entire
Kamataka State.
Under this facility, the consumers can setup solar PV plants at
unutilized places on rooftops of buildings of individual households,
industries, offices, institutions, residential complexes, etc.
The grid connected rooftop solar photovoltaic power generation plants
from 1KWp to 1MWp capacity per project/system to generate
electricity/power would be eligible under the Programme.
The programme is being implemented in Urban and Rural Areas as
well.
15
234
>-
The programme encourages installation of rooftop solar photo voltaic

power generation plant for self-consumption as well as supply/sale of
electricity to the grid.
(b)Technical Workshop on Solar rooftop system:-
>-
One day workshop at Bangalore on 09.10.2014 was arranged for a

discussion on Solar Rooftop PV Programme wherein many technical
issues were deliberated.
);;- Chairman and Members of KERC, Addl. Chief Secretary to Govt,
Energy Department, MDs' of KREDL, MESCOM, CESC, GESCOM,
HESCOM, CEI, and Engineers deputed from ESCOMs, along with
Experts from GERMI, USAID Agency were participated in the
discussions.
(c) Training programme to officers ofESCOMs:);;- Two days' Training programme on "Implementation of Solar RTPV
system" was conducted in three batches. Engineers from all ESCOMs
were participated in the training programme. Experts from Solar field
such as KERC, USAID, CPRI, KPCL National Training Centre had
delivered lecturers on various topics of Solar RTPV system.
);;- Book materials and CDs were got printed and distributed to the
trainees. About 195 Engineers/Officers were attended the training
programme.
From 07.11.2014 to 31.03.2015, 20 nos. of Solar Rooftop installations
are serviced with a total capacity of364.15kWp.
(d) Installation of 50kWp Solar RTPV grid connected power plant in the
premises of Corporate Office, BESCOM, Bangalore (as a Pilot scheme
to promote large scale grid connected rooftop solar photovoltaic
projects in Bangalore):Work Award has been issued for design, manufacture, supply,
installation, testing, commissioning including warranty operation and
maintenance for a period of two years for providing and installation of 50
kWp Solar RTPV grid connected power plant in the premises of Corporate
Office, Block-Il, BESCOM, Bangalore (as a pilot project) to promote grid
connected Solar rooftop PV project in BESCOM vide No: BESCOM/BC5113409/2012-13/CYS-09 dtd: 30.06.2014. Total cost of the project is Rs.
49,84,875/-. The installation is serviced on 07.11.2014 on trial basis and
commissioned on 31.03.2015. The total generation as on 06.04.2015 is
30316 units.
16
~".iII
V
235
XI. DSM through various schemes:'(a) Surya Raitha Scheme:
BESCOM has initiated to arrange power supply to 250 no's ofIP sets
of Harobele 11KV feeder of Kanakapura sub-division on pilot basis. DPR
has been prepared. Tender is called for "Design, Supply, Testing,
Installation, Commissioning, Repair and Maintenance for a period of
10 years of 250 nos. grid tied Solar PV based Irrigation pump sets
under "Surya Raitha Scheme" on l1kV Harobele F2 Feeder,
Kanakapura Taluk, Ramanagara district, Karnataka state on Net
Metering basis as a pilot scheme". Approximate cost of the project is
Rs.23 Crores. The project promotes replacing existing inefficient IP sets
with efficient pump sets and energizing these IP sets with solar power and
feed in excess energy to the grid on net-metering concept. The excess
energy fed into the grid will be paid back to the farmers as per tariff fixed
by KERC resulting in additional income to the farmers apart from the
income earned through crops.
The scheme will be financed by a combination of farmer investment,
GoK investment, 11NRE subsidy and BESCOM investment though soft
loans that will be repaid by the farmer through his net metering tariff
revenues in initial years. The net metering revenues will be deposited into
an escrow account and will be diverted first to the loan account and, if in
surplus, to the farmer's account.
(b) Providing advertisements on energy savings through Digital Display
Infotainment System (DDIS) at railway reservation counters:BESCOM has initiated to advertise DSM measures through DDIS
system coming under jurisdiction
of BESCOM at Railway
reservation/ticketing counters through LED TV screen spread in all the
major passenger reservation systems (PRS) and un-reserved ticketing
systems (UTS) Railway stations for a period of one year. Work award has
been issued to Mis Vyoma Technologies. Advertisement is progressing
successfully at all 120 nos. of railway reservation centers in BESCOM area
from 18.06.2014. Total cost the project is Rs.47,04,4801(c) Distribution Energy Efficiency Project (DEEP) by providing Dynamic
Reactive Compensation (DRC) for power factor improvement scheme
on 11 kV feeders:BESCOM has proposed to implement Distribution Energy Efficiency
Project (DEEP) by providing Dynamic Reactive Compensation (DRC) for
power factor improvement scheme on selected 11 kV feeders on pilot
basis. DEEP system consists of Multifunction Measurement and Control
unit (MFM), GSMlGPRS modem, capacitors, capacitor-duty contractors,
17
236
isolation transformers and associated. The DEEP systems address the
following functional need:
DTR metering towards energy audit and accounting.
Dynamic Reactive Compensation to improve power factor to::: 0.95 lag
&S 1.0 for all normal operating conditions of DT towards line loss
reduction.
Programmable threshold limit alerts to eliminate DT burnouts due to
overloading.
Load balancing opportunity towards enhanced performance.
A pilot project consisting of 1x25 KVA, Ix63 KVA and 1xI00 KVA
is implemented through EESL (Mis OAS, Chennai) on F-6 feeder of
Thenganayakanahalli of 66/11 KV V.R.Doddi substation of Sathnur
(O&M) sub-division in Kanakapura division.
(d) Vidhyuth Jagruthi Yojane:);- "Vidhyuth Jagruthi Yojane" an awareness program introduced for
school/college
students to bring in u"-'~:"L"':'~-::::::::; 0.;!-:.::, :.;::' f-]lm
communicate this in their families. Work award issued to Mis TERI for
the work of "Design and implementation of conducting energy
efficiency measures and demand side management awareness activities
in selected 100 schools/colleges in Bangalore UrbanlRural District and
to sensitize approximate fifty thousand students and to bring down
energy consumption on contract period of two academic years".
);- The agency has to collect last one year electricity consumption data of
selected schools and from fifty thousand students (preferably). The
agency has to achieve 5.2 MU of energy saving for two academic
years.
(e) Agriculture Demand Side Management, WENEXA-USAID:-
BESCOM has replaced inefficient irrigation pump sets by high energy

efficient pump sets on HVDS feeders at Doddaballapur Sub-Division
as a pilot project through ESCO model.
This pilot is the first of its kind in India to undertake Agriculture
Demand Side Management under ESCO model.
A total number of 277 inefficient Pump sets at metered locations in
Doddballapura Sub-Division were replaced by High Energy Efficient
Pump Sets.
BESCOM has saved 63,01,593 units (6.3 NlU - 35%) from this project
between April 2011 to Nlarch-2015 at Doddaballapura
KERC has issued directions to Scale up this project.
18
237
A contract agreement was signed on 07.08.2013 between BESCOM
and Mis. Energy Efficiency Service Ltd., a joint venture company of
public sector units (PSU's) of Ministry of Power, New Delhi for
Agriculture Demand Side Management i.e., for preparation of DPR to
replace one lakh nos. of less efficient IP sets by highly efficient pump
sets without any financial commitment to BESCOM as follows:
On 14.02.2014, Mis. EESL has submitted a DPR for Pavagada taluk

for replacing 10,673 nos. of IP sets along with terms and conditions
for its implementation. Mis. EESL, claimed to achieve an energy
savings of 31.49% in this project.
Mis. EESL has been requested to prepare a baseline for one complete
year by recording the consumption data of DTC meter for review and
consideration with EESL and ESCOMs.
(1) Implementation of Mandatory use of Solar Water Heaters:
As a Demand Side Management programme, BESCOM is
encouraging installation of Solar Water Heaters. No. of Solar Water
Heating Systems installed during 2014-15 in BESCOM is 72,749.
Energy savings
*Annual Energy savings for 72,749 nos. ofSWH
. Per day Energy savings for 72,749 nos. ofSWH
* By considering
96.02 MU
0.29MU
average 2kW for 2 hours per day per SWH for 330 days.
(g) Providing timer switches to the street lights and Smart Energy saver
units:
BESCOM has requested BBMP and other local municipalities to install
timer switches to street lights resulting in energy savings and reduces
evening peak hour load on grid. Also requested to provide Smart
Energy Saver Units so as to reduce energy cost of monthly electric bill
and energy savings in peak hours and to get good impression from
public.
The status of timer switches provided to street lights in BESCOM area is as
follows:
S).
No.
Zone
BlYLAZ
No. of Str.light
ckt. Existing as
on Mar -15
19510
No. of
timer
switches
fixed as on
Mar -15
14553
19
No. of timer
switches in
working
condition as
on Mar -15
12110
No.of timer
switches not in
working
condition as on
Mar -15
Balance no.
of timer
switches to
be fixed
2445
7400
238
\
iI
BRAZ
CTAZ
Grand Total
18944
14198
52652
411
76
12597
70
137
14760
301
61
2807
18533
14122
40055
(h) Earth Hour: Earth Hour was observed on 28.03.2015 by switching of

power supply for one hour between 8.30 pm to 9.30 pm. In the SCADA
system, it is observed that there was drop in load of around 43 MW during
Earth Hour which works out to be 43,000 units of energy saved.
(i) National
Energy
Conservation
Day: Energy National Energy
Conservation day was celebrated on 12th to 14thDecember 2014 through
Radio Jingles vide order no.: BESCOMlBC-9/652/20
14-15/6991-93, dtd:
09.12.2014.
(j) Energy Awareness Program:Communication Modes Utilized through:
a) Advertisements in News papers, Magazines, Souvenir etc.
b) Through stalls.
c) On Hoardings
d) Jingles in Doordarshan, AIR, Big FM etc.
e) Posters, Pamphlets, Brochures, Car Stickers etc.
f) Through Customer Interaction Meetings by Section Officers / Sub
Division officers with Grama Panchayath and Zilla Parishat offices.
g) Through Interaction meetings at Taluk development 1 District
development meetings.
(k)Time of the Day Tariff:TOD tariff is made mandatory to all HT installations of 500KVA and
above under HT2 (a) and HT2 (b) tariff w.e.f., 01-09-2012. This is optional in
respect of consumers under LT5 Industrial category (where trivector meter is
fixed).
XII. IMPORTANT PROJECTS UNDERTAKEN:
(A) BANGALORE DISTRIBUTION UPGRADATION (DAS) PROJECT:
BESCOM has taken up a prestigious project to automate the distribution
network for monitoring, control and operation of the 11 kV network in the
Bangalore City by providing suitable control and communication equipment
which of course, first of its kind in the entire country. The project has been
taken up during FY 2008-09 and scheduled to be completed within December
2016.
(a) Project details: The cost of the Project is estimated to be Rs. 563 crores.
20
239
The Japan International Cooperation Agency (IlCA) is extending financial
assistance to an extent ofRs.417 crores. (10,643 Million IPY) .
BESCOM has to meet the balance amount of about Rs. 147 Crores.
Mis. KEMA, USA and Mis. CPR!, Bangalore are the Project Management
Consultants.
The main objective of the project is to provide assured quality and reliability of
power supply by automating the 11 kV distribution network.
(b) Main Objectives: To automate the Distribution network for monitoring, supervisory control
and operation of the 11 kV network in the Bangalore City.
To ensure reliable power supply to consumers.
To minimize loss of time for fault location and restoration due to manual
operation.
To ensure reliable power supply & to effectively arrest the consumer hours
lost because of power supply outages, thereby increasing the energy sales.
Real time control over the costly energy sold.
The scope of works in the project involves replacement of overhead lines
by Aerial Bunched cables, replacement of existing RMU's by DAS
Compatible RMUs, providing new RMU's, Remote Terminal Units (RTU)
with communication facility at all RMU locations.
Establishing Master Control Center at Corporate level with necessary
communication, hardware and software.
(c) Benefits OfDAS:
Real time control over the costly energy sold.
Improved efficiency results in lower costs.
Better reliability in power supply, planned control actions.
The DAS Project implementation is based on the following separate, but
interrelated 7 construction packages:
(d) Physical Progress:SI.
No.
1
Package
No.
Pkg-I
Progress
Package Description
Distribution Automation System
Stations,
Master
(DAS)
and
System
Communication
Control Centre Facilities
21
System
l. Configuration and Development
demonstration and Communication System
(UDl\1BS & DMBS) factory acceptance test
equipment's
C&DS
completed.
(FAT)
installed 111 BESCOM Integrated Control
Centre-I. DAS system design completed and
system FAT is planned in Oct-20IS.
240
Pkg-II
Pkg-III
Remote Terminal Units for

RMUs ( IIA, lIB & lIC)
RTUs - 1590 Nos
Sectionalisers & Reclosers (IlIA
LRC-795
& IllB)
LBS-745
Nos
Nos
2. Construction of BESCOM Integrated Control

Centre-1 at HSR Layout IS completed.
BESCOM Control Centre -2 tender evaluation
is in process.
,_,
.). WPC (Wireless Planning and Co-ordination
Wing) has issued Decision to grant License
(DL) for UHF and Microwave Frequency
allocation.
4. Substation model building of GIS data is m
progress
5. Construction of Communication tower at
HSR Layout, Tannery Road & Byatraynapura
tower are completed.
Installed - 1380,
Field Performance Test on RTUs conducted in
1264 locations.
Erected - LRC- 794 , LBS- 743
Site Acceptance Test conducted;

LRC- 130, LBS- 112
New Ring Main Units (IVA, Erection completed
Pkg-IV
Commissioned -787
IVB & IVC)
RMUs - 790 Nos
New
Ring Main Units in place of Erected - 644
Pkg-V
&VB) Commissioned - 638
(VA
retrofitting
RMUs -800 Nos
Laying - Coyote-694.6 kms, ABC-254.6 kms
Constn. Of Overhead
Pkg-VI
Commissioned - Coyote-694.6 kms, ABC-249
Distribution Lines
kms
Coyote cunductor-695 KM
ABC-500KM
Laid - 229.629 Kms,
Pkg- VII Constn.OfUnderground
Commissioned - 229.444 kms
Distribution Lines - 230.5 KMs
(e) Financial Details orDAS project:

Total Expenditure ofDAS
Amount in Crores.
Total Project Cost
Total Expenditure for the FY

2014-15
Total Expenditure up to 3l.3.2015

from the inception of the project
563.70
50.31
345.32
(B) STRENGHTENING OF THE NETWORK SYSTEM:

(a) The strengthening of the distribution Network is a continuous process.
During the year, HT and LT lines as follows were added to the system.
241
Added
during
year
2014-15
Added
during
year
2014-15
OH
UG
(KMs)
(KMs)
HT line
2366.05
748.48
LT line
2303.88
381.74
Particulars
As on 31-03-2015
Total added
during
year 2014-15
(in KMs)
OH
UG
(KMs)
(KMs)
Total
(in KMs)
3114.29
81311.38
4945.10
86256.47
2685.62
159045.74
2140.34
161186.08
(b) The number of Distribution Transformers added during the year and the
cumulative number available in the system.
Particulars
25KV
A
Added during
10286
FY-14-54
Existing in
the system as 87071
at the end of
31-03-2015
50/63
KVA
Compact Sub 300 to

63 to
Stations
160 to
Total
1000
100KV
750 990
250KVA
KVA 500
A
KVA KVA KVA
2895
2316
1506
326
51936
47473
20380
4141
22
91
17339
173 211287
(c) Details of category wise distribution transformer failed during 2014-15

10/15/25 50/63/75/
KVA
KVA
6622
4516
100/160
KVA
5392
200/250 .
KVA
140
300/400/500
KVA
18
Total
16688
0/0
Failure
7.90
(d) GoK sponsored programmes:1)

2)
3)
4)
Ganga Kalyana electrified Installations

Energization of General IP sets
Regularization of Unauthorized IP sets
Drinking water supply energized
2560 Nos:
1562 Nos.
39501 Nos.
3296 Nos.
(C) RESTRUCTURED ACCELERATED POWER DEVELOPMENT

REFORMS PROGRAMME (R-APDRP):
AND
During 2014-15, lot of IT initiatives were taken up. The details of all the
IT initiatives taken up in 2014-15 is detailed below:
242
XIII. MOBILE GOVERNANCE IMPLEMENTATION IN BESCOM:
Government of Karnataka has launched "Mobile Governance Project" (MOne) to deliver all possible government services to citizen over Mobile phone.
All Government Departments were informed to make use of this platform
as single window platform for implementing Mobile Governance initiatives.
This Mobile Governance project envisages of enabling all Government and
citizen centric VAS services through various channels such as SMS, NR, USSD,
Mobile web and Smart client application. These Mobile channels are used to
deliver various categories of services such as Informational services, Payment
services, Data capture services etc.
In this regard, as per the Government directions BESCOM decided to
utilize the Mobile Governance platform to implement some of the services related
to BESCOM which would be useful for Consumers.
The following are the Services being used by BESCOM from M-One:
(1)
Bill Payments can be made in four different modes by Consumers to BESCOM:
(2)
(3)
(4)
(5)
(6)
Mobile web
IVRS
SMS
USSD
SMS PUSH service:
Billing related information, interruption details will be pushed to consumers using

this service.
XIV. I.T. RELATED INITIATIVES:
(a) MIS and Ganga Kalyana web-based application:BESCOM has successfully completed the development work of MIS
and Ganga Kalyana common web-based application (Ganga Kalyana is
Common web-based application which is being used by all ESCOM's and
SC/STIBClMinority Corporations).
The data is being entered in the application by all the concerned end
users and the reports are being generated which can be viewed at any
hierarchy level.
This application has reduced the time taken to collect the reports
from different offices and also has reduced the consolidation errors.
The Maintenance work of the said two applications for ensuring
uptime running of the application is also being monitored.
24
4J
243
(b) Appointment of IT Consultancy agency:BESCOM is getting increasingly enabled in IT environment and as a
cause, it is envisaging technology which caters IT enabled services/egovernance initiatives to the customers in each IT initiatives it
implements.
In order to augment the IT expertise available at BESCOM in-house
team and to expedite the processes towards achieving objectives of
BESCOM, IT consultancy services are availed from MIS KPMG, which is
mainly assigned the job of writing major IT tender RFPs. Following RFP
s are written by KPMG and tenders are floated by BESCOM.
S1.
No.
1
2
3
5
6
7
9
10
Details of Activities under progress/completed by

Consultants
RFP for IT consultants ofR-APDRP Part A
RFP for Alternate connectivity for R-APDRP Part A
RFP for AMC for Wireless devices
RFP for License procurement for OS, MS office
RFP for RAM(Hardware) procurement
RFP for AMC for website -- bescom.org
RFP for PGRS integration and 2.0
TOR for Distribution Transformer Tracking System
RFP for Solar Consultant
TORs for Load Monitoring and Alert Application
(c) Licensed Software in BESCOM :As a standard policy enforcement initiative, it was decided by the
Management ofBESCOM to use licensed software in all the computers in
BESCOM to avoid hacking of critical utility data.
In the first stage, 300 nos. computers are identified at corporate office
for installation of genuine licensed software and the same is in progress.
Similarly all the hardware infrastructure will be covered in the successive
stages. Under RAPDRP part-A, all the system being used are under
licensed software from 2010 .
XIV. R-APDRP PART -A in BESCOM

(a) Focus of the Programme:The Govt. of India has proposed to continue R-APDRP part-A during
the XI Plan with revised terms and conditions as a Central Sector Scheme.
Focus of the programme shall be on:
(1) Actual, demonstrable performance in terms of sustained loss
reduction.
25
244
(2) Establishment of reliable and automated systems for sustained
collection of accurate base line data.
(3) Adoption of Information Technology in the areas of energy
accounting will be essential before taking up the regular distribution
strengthening projects.
It is proposed to cover urban areas - towns and cities with population
of more than 30,000 as per the 2001 Census will be covered. Projects
under the scheme are taken up in two Parts.
);;>
);;>
Part-A shall include the projects for establishment of baseline data

and IT applications for energy accounting/auditing & IT based
consumer service centers.
Part-B include distribution strengthening projects.
(b) Board highlights in BESCOM 25 towns on the date of AGM:

1'v1BC&NC Go-live: 25 towns.
);;> Full stack go-live with Energy Audit: 16 towns.
);;> Office infra set : 25 towns
);;> Primary NSP Link set up : 25 towns
);;> Secondary NSP link set up : 24 towns
);;> GIS: Under RAPDRP Part-A implementation, GIS based Consumer
Indexing and Network Asset Mapping have been taken up in all the
project areas up to a cutoff date which is different for different
Subdivisions. In asset mapping, the HT line and LT line with assets is
mapped geographically duly giving 11 digits Asset-ill for HT Poles,
LT poles, Transformers, RMUs & Feeder-Pillar boxes. In Consumer
Indexing, details of Consumer with meter information etc., are linked
to the respective Source Asset-ill (i.e., Pole-ill and in case of selfexecuted DT it is DT Asset-Id in GIS.
);;> Due to time gap between Survey date, 1'v1BClive and GIS live
operations of RAPDRP application, there are network assets which
are added in between "GIS Survey" <-> "GIS Live operation",
mostly because of RAPDRP Part-B works in 24 non BANGALORE
towns and of DAS works in BANGALORE town which are carried
out after Part-A survey. The data of these assets are not available in
GIS and are therefore termed as INCREMENTAL NETWORK
ASSETS.
In order to achieve accurate Energy Audit results, it is very essential to
incorporate these incremental assets into GIS database in RAPDRP application
and tag the incremental Feeder-wise HT consumers and DT -wise LT consumers to
their associated assets in GIS. BESCOM has awarded the Contract to Karnataka
State Remote Sensing Application Centre (KSRSAC) for Supply of network map
);;>
26
245
prints and Bangalore town land base map updating for BESCOM under RAPDRP
part A.
(c) Projects Status:
81.
No.
Name of the
town
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Anekal
Doddaballapura
Hosakote
CBPura
Chintamani
Gowribidanur
Shidlazhatta
Channapatna
Kanakapura
Ramanagar
Kolar
Bangarpet
Mulbagil
Robertson- Pet
Chitradurga
Challakere
Hiriyur
Davanagere
Harapannahally
Harihara
Kunigal
Tumkur
Sira
Tiptur
Bangalore
MBCGo
Live
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
25
Percentage
of work
completed
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Energy
Audit
Live
1
1
-
Percentage
of work
completed
100%
100%
-
1
1
1
1
1
1
1
1
1
1
1
1
1
1
16
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
64%
Date of
Implementation
ofEA
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
64%
(d)Financial progress under R-APDRP PART-A:
Escom
BESCOM
Total
No.Of Project
Towns
Cost
25
272.80
Loan
Sanctioned
(Convertible
To Grant)
Pfc
Disbursement
Details
252.00
146.65
Total Expenditure Incurred

From Pfc
Funds
From
Own
Funds
Total
104.16
*31.47
135.63
Rs. 31.47crores spent for metering out ofBESCOl\lI funds.
27
246
(e) Implementation
of BESCOM's own official EMAIL domain bescom.co.in
During 2014-15 BESCOM s owned its own mail domain. As per the
state and central Govt. orders, Govt. departments are barred from using
other private domain for exchanging the information over net like (Gmail,
yahoo, rediff, msn etc.,) to safeguard the security of the e - information.
BESCOM was using many domains like Gmail to send and receive
information over net for official purpose till Oct - 2014. From
October
2014, BESCOM implemented bescom.co.in domain for emails under
RAPDRP part A project.
The summery of the official email IDs which has created for BESCOM officers
are as follows:
User Category
GM/SE and above (1 GB)
DGMlEE/DCA and below (400 ME)
AE/AAO and be1ow(300ME)
Total
Active Users
Total users
41
658
539
1238
41
656
346
1043
Till date, 1043 officers are using official email IDs to exchange the
information and daily business transactions. This is one of the major achievements
of BESCOM towards IT initiative and 84.24% of officers are using this domain in
the organization.
XV. R-APDRP PART- B in BESCOM:
Part-B includes regular distribution
reduction of AT & C losses less than15%
strengthening
projects
for
BESCOM is prepared DPRs for 24 towns amounting to Rs. 290.28 crores

(sanctioned by Mis. PFC, New Delhi). Tenders were invited in 7 packages
(District wise) on Total Turnkey basis as per the directions of Steering
Committee, MOP and the total amount put to tender is Rs. 243.15 crores.
Utility
BESCOM
No. Of
Eligible
Towns
(Part-B)
Dpr
Approved
Cost (Rs. In
Crore)
Loan
Sanctioned
From
MIS. Pfc/Goi
(Rs. In Crore)
24
290.28
72.57
28
Loan
Released
From
MIS. Pfc/Goi
(Rs. In
Crore)
Expenditure
Incurred
Up To Aug-
43.542
220.91
2015
(Rs. In
Crore)
247
Out of24 towns in BESCOM, 22 towns are completed and the two towns
namely, Chitradurga and Hiriyur the works are short closed and retendered and
the balance work is under process.
XVI. NIRANTHARA JYOTID SCHElVIE:
Bifurcation of Agricultural loads from existing 11 kv feeders:BESCOM has taken up Niranthara Jyothi scheme for segregating
agricultural loads from the existing 11 KV feeders, a scheme to provide 24x7
uninterrupted power supply to non-agricultural loads in rural areas in 2 phases as
follows:
SI.No.
a
b
c
d
Details
No. of Taluks covered
No. of Villages covered
Cost in Rs. crores
Number of Feeders
I phase
II phase
19
4691
349.66
271
23
4607
589.98
281
Phase-I: In phase I during FY 11-12 out of 271 feeders 267 feeders are
completed and 154 feeders are commissioned, during FY 12-13, 83 feeders are
commissioned, during FY 13-14 4 feeders are completed and 34 feeders are
commissioned.
phase-II: Out of 281 feeders, during FY 12-13 15 feeders have been
completed and 1 feeder commissioned, during FY 13-14 111 feeders have been
completed "and76 feeders commissioned, during FY 14-15 135 feeders have been
completed and 179 feeders commissioned.
XVII. IDGH VOLTAGE DISTRIBUTION SYSTEM (HVDS):
~
HVDS is a technology where the Electricity is Distributed to the

consumers at Higher Voltage Level (llkV) instead of Low Voltage
level (400V1240V).
~ Normally in the present distribution network, the 11kV HT line goes to
the DTC (Distribution Transformer Centre) and from there lengthy LT
Lines (400V1240V) are drawn to give supply to different installations.
~ In HVDS System the HT lines are run up to the installation premises
and there it is stepped down through a transformer before giving supply
through service main.
The Kamataka Electricity Regulatory Commission has issued various

directives with a view to reduce high levels of technical and commercial losses in
the distribution system. Implementing High Voltage Distribution System by
29
248
replacing the existing LT distribution is one of the important directives issued by
the Commission.
Board has approved the implementation of HVDS scheme in 5 sub divisions
of BESCOM vide Board Resolution No. BESCOMI AS/58th BMl20 12-13/171024 dt: 16.03.2013 and 60th board meeting held on 5110/2013.
Sl. No.
Name of the sub division
No. of Feeders
DODDABALLA PURA
31
TUMKUR RSD-1
17
TUMKUR RSD-2
CHIKKABALLAPURA
KENGERI
68
Total
Physical & Financial Progress:
Sl.
No
Name of the
Sub Division
1 Tumkur RSD 1
No. of
No. of
ReRevised
feeders
feeders Project
designated
Project
revised in
Proposed Cost of
feeders
Cost as
order to take
forHVDS LOlin
from D.B
per RC in
up one taluk
originally
pura &
Cr.
Cr.
as pilot
Kengeri
project.
17
25
23
15
No. of
No. of
Feeders
Feeders
Work
Work
Comple Commissio
ned
ted
No. of
feeders
work
under
progress
18
15
Expendit
ure
incurred
in crores
140.96
146.25
246.01
Tumkur RSD 2
-.
Kyathsandra
4 Chikkaballapura
34.8
74.62
51.7
5 Doddaballapura
31
193.0
-22
81.37
80
34.8
-6
68
408.85
68
402
30
27
38
272.66
--
".
.J
Kengeri
Total
30
249
Statement Showing the Amount released for creation of Infrastructure for
regularization of unauthorized IP Sets (GO.No. EN 09 PSR 2011 datedl1.03.2011).
Sl.
No.
Govt. Order No.

Date
Account Head
Amount
Released
Remarks
EAN 09 PSR 2011
4801-01-190-0-09211
35.00 Crores
2011-12
09.09.2011
(Plan)
EAN 67 PSR 2012
4801-01-190-0-09211
20 .00 Crores
2012-13
(Plan)
06.09.2012
4801-01-190-09-211
EAN 67 PSR 2012
(Plan)
18.10.2012
Total
4.00 Crores
2012-13
59.00 Crores
XVIII. CONSUMER INITIATIVES TAKEN DURING FINANCIAL YEAR

2014-15:
(1) Integrated 24 X 7 Helpline and Public Grievance Redressal
System:(a) To facilitate consumers, BESCOM has established a well-integrated
24 X 7 Customer Help Line through the latest technology &
software developments along with in-built automatic call transfer
system. Consumers can call on the Customer Help Line Number
1912 which has 30 concurrent lines with Multi Channel Complaint
Registration Facility (Phone, SMS, Online, E-mail & Face
book).There are about 150 Customer Support Executives, 12 Team
Leaders and 4 Team Managers and in charge shift Assistant/Junior
Engineers are functioning in the BESCOM Helpline.
(b) All the consumer complaints are being registered in the Web
enabled IPGRS (Public Grievance Redressal System) application.
Whenever any consumer registers complaint, they will be provided
with the Docket Number, using which they can track their
complaint status through Help Line or BESCOM Website. For the
speedy redressal of complaints, BESCOM has established Circle
control rooms in all the 9 Circles. In Circle Control Rooms, the
executives makes follow up of complaints pertaining to their Circle
till resolution.
(c) In order to facilitate consumers to register their complaints through
SMS, BESCOM has developed and deployed a SMS Complaint
Management System. Consumer can send SMS to 58888 to register
their complaints. Once the SMS is received, consumer gets
back the acknowledgment message along with docket number.
The application forwards complaint message to the concerned Sub-
31
250
Divisional AEE, EE for necessary action. After resolving the
complaints the concerned field staff will inform the circle control
room to close the complaint docket. The executives at circle control
rooms confirm with the complainant and then only they will close
the docket.
(d) The well Customized PGRS application generates various MIS
reports indicating the number of complaints, nature of complaints
received, complaints attended, complaint pending and reasons for
not attending the complaints. The PGRS application also includes
Escalation Matrix, Technical Dash Board & SMS Gateway Facility.
The overall complaint redressal time taken in the month of March15 is 25mins.
(2) Electrical Safety and Energy Savings Awareness Program:a) In order to create awareness on Electrical Safety and Energy Savings,
BESCOM has conducted various activities to reach out consumers
through through TV channels, Radio partners, Theatres and
Multiplexes,
b) In order to create awareness among the public on Electrical Safety to
avoid electrical accidents and also to create awareness on Energy
savings, BESCOM has decided to empanel technically qualified and
professionally managed NGOs/ Non-Profit Organizations in this
financial year.
c) Conducting Programs for school children through "Vidhyuth Jagruthi
Yojane"
(3) Revision of KERC (Electricity Supply) Code, Conditions of Supply of
Electricity of Distribution Licensees (CoS) and allied Regulations:As per the directions of Hon'ble Commission a Committee has been
constituted for the revision of KERC (Electricity Supply) Code, Conditions
of Supply of Electricity of Distribution Licensees (CoS) and allied
Regulations. The commission directed the Committee to examine the need
for Simplification of the existing Supply Regulations/ Codes and
recommend for a simplified set of Regulations for adoption.
In this regard, meetings are being held and the Committee has made
necessary modifications in Conditions of Supply of Electricity of
Distribution Licensees (CoS).
(4) Simplification of forms and procedures involved in BESCOM services:BESCOM is continuously working towards adoption of open
governance platform to enlighten the consumers on activities in BESCOM
and standard procedures for various works and re-engineering the existing
32
251
procedures to enable consumers, less interaction while resolving issues with
BESCOM.
In this regard, BESCOM has simplified various Forms which are
issued under various regulations of KERC. We have simplified all Service
Forms viz., New Connection, Name Transfer etc., Also prepared new
formats for Replacement of burnt out meters, Issue of Service Certificate,
Additional load, Surrender of Installation and many other additional Forms
to facilitate consumers. The entire application forms are uploaded in the
BESCOM Website.
The followings are the various Service forms and notices simplified to
facilitate Consumers:
"
* Format-l
* Format-2
* Format-3
* Format-4
*
*
*
*
*
"
*
*
*
*
*
*
*
*
: New Connection
: Reclassification of Consumers
: Service Certificate
: Requisition for Meter Testing
Format-S : Replacement of Burnt out Meters
Format-o : Notice for Supplemental Claims
Format-7 : Final Order on Supplemental Claims
Format-8 : Adjustment of Erroneous Bills
Format-9 : Notice for Termination of Agreement
Format-lO : Application for Reduction in Load
Format-Ll : Application for Surrender ofRR Number
Format-12 : Requisition for Shifting of Installation
Format-13 : Transfer of Installation
Format-14 : Disconnection Notice
Format-IS: Appeal Before the Appellate Authority
Format-16 : Demand Notice for ASD
Format-17 : ECS Limited Mandate Form
(5) Customer Interaction Meeting:As per the directions of KERC, BESCOM has started conducting
Customer Interaction Meetings in all the sub divisions every month
regularly from November 2011.
To facilitate all the sub divisional officers and consumers, a schedule
has been prepared for conducting CIM in each sub division on a particular
date and time for the whole year. The schedule was communicated to all
the sub divisions to ensure that the CIM meetings will be held on that day.
The clippings of the CIM video will be uploaded in YouTube by the
concerned AEEs. Various circulars and letters have been issued from time
'1'1
.J.J
252
to time explaining the procedure and the steps to be taken for creating
awareness locally and to make CINI more effective.
To create awareness among the consumers about CIM, pamphlets
explaining the procedure, schedule containing date, time and venue have
been distributed in all the sub divisions. We have taken all the necessary
steps to make CIM success. In the year 2014-2015, 1356 Consumer
Interaction Meetings (CIM) have been held in all the sub divisions of
BESCOM.
XIX. TRAINING PROGRAMS FOR THE BESCOM PERSONNEL AS PER
KERC GUIDELINES:BESCOM is conducting continuous training programs to its personnel to
educate them regarding KERC guidelines, duty of licensee, procedures to be
adopted in day today work to facilitate our consumers. The purpose of this
training program is to help our employees to gain the qualifications, knowledge
and skills in a particular subject and also to develop the ability to resolve the
difficulties being faced in day today works.
XX. QUALITY AND SAFETY:BESCOM is committed to safety of Public and its personnel. In this
direction BESCOM has under taken improvements to the Distribution
Transformer Centers. The GOS operating handle provided for operation of
Distribution Transformer situated in narrow footpaths is found impending free
movement of pedestrians.
Hence, BESCOM has modified the design of 11
KV GOS operation. The project cost is Rs. 12.00 crores for 60,000 no's. of
units. This work was successfully implemented in E8 and C8 sub division on trial
basis for 1000 no's. After successful operation, the scheme is extended to
BESCOM area. So far 10,000 no's of 11 KV GOS operating mechanism have
been modified. This project is targeted to be completed before Ari12016.
In order top provide continuous power supply to agricultural feeders under
NJY BESCOM has installed state of art numerical relays to limit the loads during
single phase power supply period. So far 450 no's of agricultural feeders have
been provided with numerical relay protection. The balance 517 nos. under Phase
1 and Phase 2 is targeted to be completed before October 2015.
BESCOM is committed to safety of workmen working in the organization.
BESCOM has provided maintenance staff with safety hand gloves, safety belts,
safety helmets with indicators, ret1ective jackets, etc., to enable the maintenance
staff to perform their duties with confidence.
34
253
XXI. INTERNAL AUDIT:
Internal Audit wing in BESCOM is functioning independently under the
direct control of Managing Director, BESCOM. Internal Audit wing at Corporate
office is headed by the General Manager (IIA). He is assisted by one Deputy
General Manager (IIA) and 6 Assistant General Manager (IIA). Issuing
clarification/circulars on all the audit related matters, verification of various level
procurement of materials/services, pre-audit of power purchase bills, concurrent
audit of Project section and audit of establishment & services section are being
conducted. Also persuasion is being made for disposal of AG Paras with
concerned accounting units for early clearance. Besides this, the special audit is
conducted in respect of cases referred by the .Corporate, Zones and Circles
regarding cash defalcation. Audit of financial/store irregularities and procedural
lapses etc., are also carried out by the Internal Audit wing.
The audit at Divisional/Circle/Zonal level comprises of purchases related to

audit, establishment, store, revenue, cash & expenditure audit. All the activities
are being carried out as per the norms laid down in the audit manual and circulars
issued by the company from time to time. The scope of Internal Audit covers the
following:
(1) Revenue Accounts Audit: Revenue demanded in respect of all installations
is checked in respect of accuracy by billing, classification of tariff and with
respect to other parameters to ensure realization of legitimate revenue due to
the company. Due to shortage of staff, every year the action plan is being
completed duly using the services of retired employees and graduate
assistants. During the 2014-15 "audit short claim" of Rs. 19.55 crores has
been pointed out and Rs. 22.42 crores has been recovered (including the
arrears amount of previous years).
(2) Cash Accounts Audit: To ensure proper accounting of cash received from
consumers and remittance to Corporate Office, bank reconciliation statement
and cash accounts are being checked for their correctness and irregularities
or prevent cash defalcation/misappropriation. During the course of the audit
if any irregularities/misappropriations are noticed the same is brought to the
knowledge of the management.
(3) Expenditure Audit: Expenditure audit is being conducted every month to
ensure all the payments made at Corporate Office, circles and divisions.
During the FY 2014-15, the excess payment of Rs. 0.09 crores has been
pointed out and recovered and amount to an extent of Rs. 12.52 crores has
been rectified at corporate office. At the divisions and circles excess
payment of Rs, 1.81 crores has been pointed out and 0.98 crores has been
'recovered. Similarly Rs. 2.04 crores of 'irregular payments' has been
pointed out and Rs. 1.60 crores has been regularized.
35
254
(4)
Store Audit: Store Audit is conducted on quarterly basis.
Store audit
reports are being, issued to the store officers of the concerned divisions for
the discrepancies noticed i.e., excess materials drawn, differences in
accounting of store transactions, differences in store and pricing ledger etc.
It is also instructed to ensure and to report regarding proper implementation
of the store final orders issued by the concerned circles every year.
(5) A.G.lCOPU Paras: During the FY 2014-15 no paras has been received in
respect of COPU.
(6) Special Audit: During the FY 201-15, totally 6 cases have been received
and audit of the same is under progress. Reports for the completed case
have been submitted to the management for taking further necessary action
as per rules.
XXII. CORPORATE GOVERNANCE:

The Board of BESCOM believes and supports Corporate Governance
practices of a high standard, ensuing observance of these principles in all its
dealings. All the Directors have taken active part in the proceedings of Board and
Sub-Cormnittee meetings which added value in the decision making process. The
non-functional directors receive sitting fees for Board/Sub-Committee
meetings
attended by them. Company has complied with various statutory requirements
prescribed under the Companies Act 1956 and 20l3, labour Laws and other
Corporate Laws wherever applicable for the FY 2014-15.
(a) Board of Directors:

The meetings of the Board of Directors are scheduled in advance for which
notice is given to each Director in writing. The agenda and other relevant notes
are circulated to the Directors in advance.
Following are the Directors ofBESCOM
as on the date of AGM:

Chairman
P.Ravi Kumar, LA.S.,
Pankaj Kumar Pandey, LA.S.,
Jawaid Akhtar, LA.S.,
Director
Gaurav Gupta, LA.S.,
Director
H.Nagesh
B.L.Guruprasad,
Dipti Aditya Kanade, LA.S.,
Director
T.H.M.Kumar,
Director
K. T.Mahanthappa
Managing Director
Director (Technical)
Director (Finance)
I.R.S.,
LA.S.,
Director
36
CJ
255
10
M.Nagaraju
Director
11
A.NJayaraj
Director
Company Secretary
Hiriyanna K.T.
During 2014-15 and during 2015-16(upto the date of AGM), eight Board meetings
took place as detailed below:
Sl No.
Meeting No.
Held on
64th
11.06.2014
65th
21.08.2014
66th
20.11.2014
67th
18.03.2015
68th
16.05.2015
69th
25.07.2015
69th (Adjourned)
04.08.2015
70th
15.09.2015
(b)Board Sub-Committees:The Sub-Committees of the Board were constituted to give more

focused attention on important issues.
"
(1) Central Purchases Committee:Central Purchases Committee was formed to consider all cases of
purchases whether for Projects or work award of StationlLine works or any
other works and all matters relating to such purchases as per prevailing
delegation of financial powers. The composition of the Central Purchases
Committee as on date of AGM is as below:
1
Managing Director, BESCOM
Chairman
Director (Technical), BESCOM
Member
Director (Finance), BESCOM
Member
CEE, Tr. Zone, KPTCL

Bengaluru
Company Secretary, BESCOM
Member
4
5
37
Convener
256
During 2014-15 and during 2015-16(upto the date of AGM), CPC met on the
following dates:
SI. No.
1
2
3
4
5
Meeting No.
74th
75th
76th
77th
78th
79th
7
8
9
10
11
12
13
80th
si82nd
83rd
84th
85th
86th
Held on
06.05.2014
04.07.2014
18.09.2014
06.11.2014
28.01.2015
05.03.2015 &
07.03.2015
16.04.2015
22.04.2015
13.05.2015
06.07.2015
15.07.2015
04.08.2015
04.09.2015
(2) Borrowing Sub Committee:The Borrowings Sub-Committee has been delegated certain specific
powers to borrow Long term Loans from Banks/financial institutions on
behalf of the Board from time to times subject to ceiling approved by the
Shareholder at the General Meeting.
Composition of Borrowings Sub-Committee as on date of AGM is as below:
1
Managing Director, BESCOM
Chairman
Director (Finance), BESCOM

Bengaluru
Member
3
4
Member
Convener
During the year under report (FY 2014-15), the Borrowing Sub-Committee
held its meetings as below:
SI.
No.
1
2
For availing Finance from

Mis. Rural Electrification Corporation
Ltd.
M/s. Rural Electrification Corporation
Ltd.
38
Amount in
crores
Held on
Rs. 250.2553
17.07.2014
Rs.353.3617
17.07.2014
257
Rs.100
Mis. State Bank of Mysore
16.03.2015
(3) Audit Committee:An Audit Committee was formed on 21 st April 2005 in accordance with
the provisions of the Companies Act.
The Composition of the Audit Committee as on date of AGM is as below:
Chairman
Managing Director, KPTCL(By Name)
Director (Technical), BESCOM
Member

Bengaluru
Member
Convener
Audit Committee considers and recommends the financial results to the

Board. Statutory Auditors & Cost Auditors are invited to attend the meeting.
The committee also invites the Chief General Manager (F&C) and General
Manager(II A) to be present at the meeting.
Audit Committee has adequate powers and 'Terms of Reference'
an effective role as mentioned in Companies Act which includes:
to play
2)
Discussion with the Auditors periodically about Internal Control System

and the scope of audit including observations of the Auditors.
Review of the Annual Financial statements before submission to the
3)
4)
5)
Board.
Ensure compliance of internal control systems
Investigation into any of the matters as may be referred to by the Board.
Financial and Risk Management Policies and Fraud and Fraudulent
1)
6)
7)
8)
Risks.
Review of annual capital, revenue and store budgets before being placed
before the Board for approval.
Review of programmes of finalization of annual accounts for timely
completion of audit and approval.
Review of adequacy of internal controls to review reports on inventory,
completion reports of capital works, standard and specifications wherever
applicable.
9)
Review of Internal Audit paras.
10) Review of AG Audit paras.
11) Review of disciplinary cases.
12) Review of vigilance activities. MRT, TAQC Wings and write offs
13) Review of power purchase cost.
39
258
14) Review of borrowings.
15) Discussions with Statutory Auditors and cost Auditors regarding their
reports.
16) Any other matters as may be referred to by the Board.
During 2014-15 and during 2015-16(upto the date of AGM), the Audit
Committee met four times as below:
Sl. No.
1
2
3
4
Held on
18.08.2014
12.1l.2014
22.12.2014
05.06.2015
Meeting No.
24th
25th
26th
27th
(4)
CSR Committee:
As stipulated under section 135 of the Companies Act 2013 every
Company having a net worth of rupees five hundred crores or more, or
turnover of rupees one thousand crores or more or net profit of rupees five
crores or more during any financial year shall constitute a Corporate Social
Responsibility Committee of the Board consisting of three or more Directors,
out of which at least one director shall be an independent director. According
to the said provisions under Companies Act 2013, BESCOM is required to
constitute the CSR Committee since the net worth of BESCOM at the end of
financial year 2014-15 is Rs.l355.51 crores and turnover is Rs.13716.64
crores. Board at its 69th meeting held on 25.07.2015 constituted the CSR
Committee with the members comprising the following Directors:
1)
2)
3)
4)
5)
Sri. P. Ravi Kumar, IAS.,

Sri. Pankaj Kumar Pandey, lAS.,
Sri. Nagesh.H, B.E., FIE.,
Sri. Guru Prasad. B.L, IRS.,
Sri. T.H.M.Kumar, IAS.,
: Chairman
: Member
: Member
: Member
: Member
The Board of every company referred to in section 135 sub-section( 1), shall
ensure that the company spends, in every financial year, at least two percent of
the average net profits of the company made during the three immediately
preceding financial years, in pursuance of its Corporate Social Responsibility
Policy. However, since in the past years except during FY 2013-14 and during FY
2014-15, the Company (BESCOIvI) has incurred loss to an extent of Rs.665.31
crores and accumulated loss still to be set off to an extent of Rs.475.76 crores as
on 3l.03.2015 [Profit during FY 2013-14 and 2014-15 is Rs.76.10 crores and
Rs.113.44 crores respectively]. In view of this Board of Directors has decided not
to recommend for declaration of any dividend for the financial year 2014-15 and
the profit component will be transferred to 'reserve'
40
259
(5)
Statutory Auditors:
The C & AG of India has appointed Mis. V.K.Niranjan & Co.,
Kurubura sangha Building, 202 and 204 Kanakadasa Circle, Kalidasa
marga, Gandhi Nagar, Bengaluru as Statutory Auditors for auditing the
accounts of BESCOM for the Financial Year 2014-15 as per the
provisions of Companies Act 2013. The said auditorshave completed the
audit and have submitted their report as per statutory requirement.
(6)
Cost Auditors:
The Board of BESCOM has appointed Mis. Rao, Murthy &
Associates,
Cost Accountants,
No.23/33,
Surveyor's
Street,
Basavanagudi, Bengaluru -560 004 as Cost Auditors for auditing the cost
accounts of BESCOM for the Financial Year 2014-15 as per the
provisions of Companies Act 2013. The said auditors have completed the
(7)
Secretarial Auditors:
The Board of BESCOM has appointed Mls.P.K.Pande & Associates,
a firm of Company Secretaries, No.139, Shalimar Galaxy, l " Main Road,
Sheshadripuram, Bengaluru-560 020 as Secretarial Auditors for auditing
the accounts of BESCOM for the Financial Year 2014-15 as per the
provisions of Companies Act 2013. The said auditors have completed the
XXIII. DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 134 sub-section (3) of the
Companies Act 2013 with regard to "Directors' Responsibility Statement", it is
hereby confirmed that:
(1) In the preparation of the Annual Accounts, the applicable accounting
standards have been followed along with the proper explanation relating to
material departures;
(2)Accounting policies have been selected and applied consistently and
judgments and estimates are made that are responsible and prudent so as to
give and fair view of the state of affairs of the Company at the end of the
Financial Year and of the profit or loss of the Company for that period;
(3) Proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of this Act for
safeguarding the assets of the Company and for preventing and detecting
frauds and other irregularities and
(4) Annual accounts have been prepared on a going concern basis.
41
260
GENERAL:
Board would like to place on record its appreciation for all the assistance
and guidance extended by the Government of India, Governrnent of Karnataka,
Karnataka Power Transmission Corporation Limited, CERC,KERC, Ministry of
Corporate Affairs, Registrar of Companies, Karnataka and Consumers of
BESCOM for their Co-operation and support to BESCOM in its endeavor to serve
the public. Board would also like to place on record its appreciation for the
dedicated and committed service rendered by the employees of the company and
co-operation extended by the Union and Associations.
i
For & on behalf of the Board of Directors
sd/
CHAIRMAN
42
1
)
J
~
13th Annual Accounts

2014 - 15
BESCOM
Bangalore Electricity Supply

Company Limited.
262
COMlVIENTS OF THE COMPTROLLER
VNDER SECTION
FINANCIAL
COMPANY
2015
143(6)(b)
STATElVIENTS
OF THE
OF
COMPNIES
BANGALORE
LIlVlITED, BANGALORE
The preparation
AND AUDITOR GENERAL

ACT,
OF INDIA
2013
ON THE
ELECTRICITY
SUPPLY
FOR THE YEAR ENDED 31 lVlARCH
of financial statements
of Bangalore
Electricity
Supply
Company Limited, Bangalore for the year ended 31 March 2015 in accordance with
the financial reporting framework prescribed under the Companies Act, 2013 is the
responsibility of the management of the company.
The statutory auditor appointed by
the Comptroller and Auditor General of India under section 139(5)

re::;~0nsiblc for expressing
0.P~11~unOIl
'J[
the Act is
the financial statements under section 14j of the
Act based on independent audit in accordance with the standards on auditing prescribed
under section 143(10) of the Act. This is stated to have been done by them vide their
Audit Report dated 18.09.2015.
I, on the behalf of the Comptroller and Auditor General of India, have conducted
- ._._---- .._----- ...._--_._ -----,-
--_.
-------------_ .. _---a supplementary

audit uns!~!.i!~t_i_Qll_J_43(Qlu!Lof
th_~AGLQLthe-.fmanciaLstatements_of ..
--~------
BangaJore
EI~('trkity
~~rr.::'!~TC~~P:lnY Limited,
Bangalorc
for the year
Cil\:lc;J
31 March 2015. This supplementary audit has been carried out independently without
access to the working papers of the statutory auditors and is limited primarily
to
inquiries of the statutory auditors and company personnel and a selective examination of
some of the accounting records.
In view of the revisions made in the financial
statements by the management, as a result of my audit observations highlighted during

supplementary audit as indicated in the Note No. 30.25 of the financial statements, I
have no further comments to offer upon or supplement to the statutory auditors' report,
under section 143(6)(b) of the Act.
For and on the behalf of the
Comptroller & Auditor Genera] of India
~~
(BIJJT K1T\L~ IYIlJKHERJEE)

ACCOUNTANT GENERAL
(ECONOlVllC & REVENUE SECTOR
RclOgalore
Date: 24.09.2015
.\1,'1)11".
. _
rrAl <V.!J(. dVbtanJan & c:

~
({J
Office
222~~~
222~O
Telefax : 2291 0027
Chartered Accountants
~,----------------------~--------------~~
H.O. : Kurubara Sangha Building, 202 &. 204, Kanakadasa Circie, Kalidasa Marga,
Gandhinagar, BENGALURU - 560 009. E-mail: vkniranjan_co@yahoo.com
Date :
Ref. No.:
B-5042.1P/1976112015-16
18/09/2015
INDEPENDENT AUDITORS' REPORT

TO THE MEMBERS OF BANGALORE ELECTRICITY
LIMITED
SUPPLY COMPANY
Pursuant to the observations made by Comptroller and Auditor General of India under section
143(7) of the companies Act, the accounts approved by the Board of Directors on 15.09.2014
have been revised, this report supersedes our earlier report dated 03.08.2015. The report is
revised to incorporate the observations made by the Comptroller and Auditor General of India on
the financial statements and books of account of the company. The impact of the revision in the
accounts of the company is stated in note number 30.25
Report on the Financial Statements;

We have audited the accompanying financial statements of BANGALORE ELECTRICITY
SUPPLY COMPAl\ry LIMITED ("the company"),which comprise the Balance Sheet as at 31
March 2015, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended,
and a summary of significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements;

The Company's Board of Directors and management is responsible for the matters in section
l34(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these financial
statements that give a true and fair view of the financial position, financial performance and cash
flows of the Company in accordance with the accounting principles generally accepted in India,
including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of
the Companies (Accounts) Rules, 2014. This responsibility also includes the maintenance of
adequate accounting records in accordance with the provision of the Act for safeguarding of the
assets of the Company and for preventing and detecting the frauds and other irregularities;
selection and application of appropriate accounting policies; making judgments and estimates
that are reasonable and prudent; and design, implementation and maintenance of internal
financial control, that were operating effectively for ensuring the accuracy and completeness of
the accounting records, relevant to the preparation and presentation of the financial statements
that give a true and fair view and are free from material misstatement, whether due to fraud or
error.
Branches: 50, Arnaravatni Nagar, Arurnbakkarn CHENNAI - 600 036 t:

# 106 B Ground Floor, Ven981 Pal) t'.laqar,
.
HYOERAB.A.D . ,))0
TIRUVALL,A
f<ERAL,c.),& BENGP.,UJFU
;')'H'
I.,y_,
"
Q/3( dVl'UlJ2jaJl & Cle.
264
Auditor's Responsibility;
Our responsibility is to express an opinion on these financial statements based on our audit. We
have taken into account the provisions of the Act, the accounting and auditing standards and
matters which are 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 obtain reasonable assurance about whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal financial control relevant to the Company's preparation of the financial statements that
give true and fair view in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of the accounting estimates made by 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 financial statements.
Basis for Qualified Opinion
1. Remittances and transfers (rom/to head office: The Company is showing balances of
Rs -28.74 lacs (P. Y. Rs 125.74 lac) under other current assets as remittances-in-transit.
The impact of above stated balance on the financial statement is an understatement of
other current assets and its contra effect is not readily ascertainable.
2. Accrual system: As per section 128(1) of the Companies Act, 2013, proper books of
account shall not be deemed to be kept if such books are not kept 011 accrual basis and
according to the double entry system of accounting. As stated ill Significant accounting
policy no.2, the company recognizes the transactions pertaining to grants and subsidies
from the Government in respect of capital assets on receipt basis, which is contrary to
the accrual system of accounting as essential under section 128(1) of the Companies
Act, 2013.
<11.9(. dVltai!fan, & ~.
265
3. Deviations (rom Accounting Standards:

a. Accounting Standard 2 in relation to Valuation of Inventory: The Company is
required to value its inventories at lower of cost or net realizable value. However,
the company values its inventories at standard rates. The company does not
consider the net realizable value of its inventories. The impact of such deviation
from the accounting standard is not ascertainable.
b. Accounting standard 6 in relation to Depreciation accounting: The Company
has charged depreciation asper KERCICERC rules, i.e.for full month in which
assets wereput to use. As per accounting standard 6, the statute governing an
enterprise may provide the basis for computation of the depreciation. As per
companiesAct 2013, the depreciationshall be calculated on aprorate basisfrom
the date of such addition. The impact of the above deviationfrom the accounting
standard is not readily ascertainable.
c. Accounting Standard 15 in relation to Employee Benefits: The Company has

provided provision for retirement benefits as per actuarial valuation made on
31.03.2012 and leave encashment on accrual basis is contrary to Accounting
Standard - 15 - Employee Benefits, which requires the actuarial valuation to be
made every year. The impact of the above deviation from the accounting
standard is not readily ascertainable.
d. Accounting Standard - 22 in relation to Accounting (or Taxes on Income: The
Company has not provided for deferred tax asset/liability. The company has
neither provided for deferred tax asset/liabi/ity on account of timing differences
which would reverse after the expiry of tax holiday period. The impact of such
non-provisioning of the timing differences mentioned above on the financial
statement of the company is not ascertainable.
4. Short recognition of interest: Deposit made infixed deposit account no: 64131380598
with state bank of Mysore of Rs.3,31,97,211 was renewed on 22.06.2014 with maturity
date 03.09.2015. Interest amount to be recognized in the books from 22106/2014to
31103/2015 is Rs. 19,94,788 but actual amount is calculated from 27101/2015to
31103/2015and recognized is Rs. 4 51,118 i.e. 64 days instead of 283 days.Therefore
short recognition of interest of Rs.15, 43,670 leads to understatement of profit for the
year.
5. Depreciation on intangible assets:Depreciationon software and software rights has not
been charged on opening balance of assets of Rs. 71, 35,689 and on addi~ons made
during the year of Rs.2, 11, 40,340, as a result there is overstatement~profit and
asset.The quantum of over statement is not ascertainable.
<1/3(. ~'UlJljaJ1, & flD.
266
6. Rate fluctuation in power purchase during the previous yearsof Rs.248, 35, 92,0791-is
recognized as other incomefor theyear instead of treating it asprior period income.
7. Corporate social responsibility committee has not been constituted as per section
135(1) of companies' act 2013.
8. Capital Work in progress: We have observedin many divisionsproper asset register not
maintained for the works completed. For the works completed completion certificate
has not been obtained, hence the work completed has not been capitalized. For e.g.in
divisions like Hiriyur, Tumkur, Indira Nagar, Kengeri, KGF, Ramnagar, Madhugiri
etc.
9. Balance Confirmation:
a. The Company has not obtained confirmation and reconciled the balances as 011
31.03.2015 from/to KPTCL, KPCL, and PCKL, sundry debtors, sundry
creditors, advances, deposits from/to suppliers 1 contractors 1 government
authoritieslconsumersl employees, loans and other receivables from various
parties.
10. An Abstract of monetary effect of the above mentioned qualifications (to the extent
quantifiable) on thefinancial statements of the company are asfollows:
(Amount in lakhs of Rs)
Category
Overstatedl(understated)
A. Net loss
(15.43)
B. Current Asset
(44.17)
c.
Reserve and
Surplus Losses as
at 3110312015
(15.43)
Opinion
In our opinion and to the best of our information and according to the explanations given to us,
the aforesaid 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 India;
CV9( dVlumjaJl & Co.
267
a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 20 15;
b) In the case of the Statement of Profit and Loss, of the profit for the year ended on that date;
and
c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
Emphasis of Matters
We draw attention to the following mattersin the Notes to the financial statements: .
a. Note no
30.2.1 regarding certain loans availed by KPTCL transferred to BESCOM and
reflected as loans in the books of the company.

b. Note no.
30.3.5 regarding non provisioning for expenses relating to transfer of titles of
certain assets transferredby KPTCL.

c. Note no. 30.5.2 regarding accounting of excess or shortages found on physical verification of
inventories pending final investigation.

d. Note no. 30.7.1
regarding accounting of contingent liabilities I assets are not ascertained on
contractsremaining to be executed.
e. Note no. 30.8 Regarding Inter Unit Accounts are subject to reconciliation/adjustments to the
extent ofRs.l06.24 crore (Credit),Previous Year Rs. 35.19 crore (Credit).

f. Note no. 30.16 regarding non disclosures of payables to SMEs if any.
Report on other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order"), issued by
the Central Government of India in terms of sub-section (II) of Section 143 of the Act,
we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the
Order,to the extent applicable.

2.' Compliance to directions issued by C&A G of India uls 143(5) of companies Act 2013 are
given in the annexure II of the auditors' report.

3. As requiredby section 143(3) of the Act, we reportthat:
a)
We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit.
b) In our opinion proper books of account as required by law have been kept by the Company
so far as appears from our examination of those books and proper returnS adequate for the
purposes of our audit have been received from the Divisions not visited by us.
'1/9(.dVl'UJJ2jaJl & (j,.
268
Chartered Accountants'
c) The Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement dealt with by
this Report are in agreement with the books of account and the trial balances were received from
the divisions not visited by us.
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards.
Specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,
2014 Except for the matter described in the basis for qualified opinion paragraph above.
e) On the basis of written representations received from the directors as on 31 March, 2015,
taken on record by the Board of Directors, none of the directors is disqualified as on 31 March,
2015, from being appointed as a director in terms of Section 164(2) of the Act.
1) In our opinion and to the best of our information and according to the explanations given to
us, we report as under with respect to the other matters included in the Auditor's Report in
accordance with rule II of Companies (Audit and Auditors) Rules, 2014.
i)
There were no pending litigations which would have an impact on the financial
position of the company.
ii)
The Company did not have anylong term contracts including derivative contracts for
which there were any material foreseeable losses.
iii).
There were no amounts which required to be transferred to the Investor

Education and Protection Fund by the Company.
Place: BENGALURU
Dated: 18/09/2015
FOR V K NIRANJAN & CO

Firm's Reg. No. 002468S
F
CA NIRANJAN V K
PARTNER
MNo.021432
269
ANNEXURE I TO THE AUDITORS' REPORT

The Annexure referred to in our report to the members of BAN GALORE
ELECTRICITY SUPPLY COMPANYLIMITED ("the Company") for the year ended
31st March 2015,we report that;
i)
Q.
In respect of Fixed Assets:

The company has maintained records, but particulars like quantity and situation of all
the fixed assets are not maintained. The Company isyet to obtain title deeds/relevant
documents of certain lands/bui/dingsreflected in the note 10 in relation tofixed assets.
b. As explained to us, the company has physically verified items falling under category of
Office Equipments, T&P materials (Almairahs, Chairs, and Tables etc.), Computer and
Peripherals, Vehicles, Buildings and Civil works at regular intervals. Based on the
information and explanations given to us by the company, they have not noticed any
material discrepancies on such verification as compared with the limited records
available.
However, the company has not conducted a physical verification in respect of plant
&machinery and lines & cables during the year. Hence we are unable to comment on
the adequacy or otherwise of the regularity of physical verification of such assets.
ii)
In respect of its inventories:
a. As explained to us, inventories lying in the stores of the company have been
physically verified by the management during the year. In our opinion, frequency
of verification is reasonable.
b. In our opinion and according to the information and explanations given to us, the
procedures of physical verification of inventories followed by the management are
reasonable and adequate in relation to the size of the company and the nature of its
business.
c. The Company is maintaining proper records of inventory situated at company's
premises. As explained to us, there was no material discrepancies noticed on
physical verification of inventories as compared to the book records.However, the
minor discrepancies of inventories are accounted for in the books of account
(Excess stock of Rs2.46crore and a shortfall of Rs 1.84 crore - net being excess
Rs. 0.62 crore).
270
iii)
The company has no transactions covered under section 189 of the Companies
Act, 2013. Hence commenting on the entry in the register maintained under
section 189 and its prices being reasonable having regard to prevailing market
prices at the relevant time does not arise.
iv)
In our opinion and according to the information and explanations given to us,
there are adequate internal control systems commensurate with the size of the
Company and the nature of its business for the purchase of inventories, fixed
assets and rendering of services.In our opinion, the existing internal control
and internal audit system is ineffective and not commensurate with the size
of the company and the nature of its business, due to lack of proper Internal
Audit, Reports, presentation, periodicity, inadequacy of coverage by
inventory.There is no internal control system relating to store maintenance,
fixed assets accounting withproper classification details.
v)
There is no continuing failure in correcting major weakness in the internal

control system.
vi)
According to information and explanation given to us, the company has not
accepted any deposits under the provisions of Section 73 to 76 of the
Companies Act, 2013.
vii)
Based on the information and explanations provided to us, maintenance of cost

records has been prescribed by the Central Government for the company. We
have broadly reviewed the books of account maintained by the company
pursuant to the Rules made by the Central Government for the maintenance of
cost records under section 148 (1) of the Companies Act 2013 and are of the
opinion that prima-facie, the prescribed accounts and records have been made
and maintained.
viii)
In respect of statutory dues:
a. According to the records of the Company, undisputed statutory dues including

Provident Fund, Income Tax, Sales Tax, Service Tax, Excise Duty, Cess, and
other statutory dues have been regularly deposited with the appropriate authorities.
However, there are some short deductionsand delays in remitting the tax
deducted at source to the concernedauthorities.
271
b. According to the information and explanations given to us, the company has not
teo foll owmg statutory dues on account of disputes:
deposite
ited the
Forum
Name of the Nature of the Amount of tax Period to
dispute
(in which the
involved
dues
Statute
amount relates
crore Rs)
of
Income tax Act, Income tax

1961
12.56
AY 2004-05
CIT, Appeals
(I), Bangalore

1961
Electricity tax
Kamataka
Electricity
on
(Taxation
Consumption)
Act 1959
61.07
AY 2005-06
9.63
F Y 2008-09
High Court of
Kamataka
Chief
Electrical
Inspector to
Government
(CEIG),
Bangalore
CIT, Appeals
(I), Bangalore

1961
(7.52 c/floss)
AY 2009-10
Income tax Act, Income Tax

1961
17.52
AY 2010-11
CIT,
Appeals(I),
Bangalore
a. There were no amounts which are required to be transferred to the Investor

Education and Protection Fund by the Company.
ix)
The company's accumulated losses at the end of the financial year (without
giving effect to the qualifications as stated in our report) does not exceed 50
percent of its net worth.The company hasnot incurred cash losses in the
financial year under audit and in the immediatelypreceding financial year.
x)
Based on our audit and according to the information and explanations given to
us, we are of the opinion that the Company has not defaulted in repayment of
dues to fmancial institutions or banks.
xi)
According to information and explanation given to us, the company has not
given any guarantee for the loans taken by others from banks or fmancial
institutions.
272
xii)
The term loans availed by the company have been applied for the purposes for
which such loans are availed.
xiii)
According to the information and explanations given to us and overall

examination of the balance sheet of the company, we report that no fraud on or
by the company has been noticed or reported during the year under audit.
For V.K Niranjan and Co.

~
BENGALURU
18/09/2015
C A Niranjan V K
Partner
Membership NO.021432
rv.9( dVl'U1JljQJl & Cle.

Chartered
273
Accountants
ANNEXURE II TO THE AUDITORS' REPORT
Directions under section 143(5) of Companies Act 2013
Sl.
No.
1
Directions
If the Company has been selected for disinvestment, a complete status report in terms of
valuation of Assets (including intangible assets and land) and Liabilities (including
Committed and General Reserves) may be examined including the mode and present
stage of disinvestment process.
There is no disinvestment during the year. Valuation of Assets is accounted on
historical Cost on conventional basis. Hence, there is no scope for revaluation.
Please report whether there are any cases of waiver/write off of debts/loans/interest etc.,
if yes, the reasons there for and the amount involved.
There are no cases of Waiver I Write off debts I Loansl Interest during FY2014-15
Whether proper records are maintained for inventories lying with third parties & assets
received as gift from Govt. or other authorities.
There is a exclusive account code wherein inventory given to third parties is
accounted and controlled by the BESCOM.
There are no assets received as gift from Govt. or other authorities.
A report on age -wise analysis of pending legal/arbitration cases including the reasons
of pendency and existence/ effectiveness of a monitoring mechanism for expenditure on
all legal cases(foreign and local) may be given.
Information is not provided relating age-wise analysis of pending legal/arbitration
cases including the reasons of pendency existence! effectiveness of a monitoring
mechanism for expenditure on all legal cases(foreign and local).
However Revenue appeals statistics are given below:
Sl.
No.
Particulars
BMAZ
BRAZ
CZ
Total
348
83
31
462
95.88
39.33
2461.97
109
30
493
CURRENT
1
2
3
YEAR
No. of Appeal cases
pending as on 31-032015
Amount involved (Rs.

2326.76
in Lakhs)
354
PREVIOUS
<V!J( cdV'WLjaJ2 & flo.
274
YEAR
No. of Appeal cases
pending as on 31-032014
4
Amount involved (Rs.

2383.11
in Lakhs)
91.69
36.41
2511.21
Additional Company Specific Directions:

a. Report on the efficacy of the system of billing and collection of revenue in the Company.
Whether tamper proof meters have been installed for all consumers? If not then, examine
how accuracy of billing was ensured.
As per codal on distribution of energy issued by KERC, BESCOM is having all the
installations aremetered except Irrigation Pump sets which is monitored at FeederlDTC level
metering.Meters are of Electromechanical & electrostaticalnature.
Billing and Collection is tamper proof with identityManagement is put into use wherein each
and every activity concerning Demand and collection is password protected and system
driven,thereby there is a mechanism of validation of Billing accuracy with respect to rate
validation,sales validation and related issues.
b. Whether the reconciliation of receivables and payables between the generation,
distribution and transmission companies has been completed. The reasons for difference
may be examined.
There is a periodical reconciliation on power purchase activity. Reconciliation of Inter

ESCOM receivables and payables i.e., between BESCOM and CESCOM or BESCOM &
MESCOM in respect of material and other transfer is not done periodically since impact is
minimal, confirmation is pending from other ESCOMS.
c. Whether the Company recovers and accounts, the State Electricity Regulatory
Commission (SERC) approved Fuel and Power Purchase Adjustment Cost (FPPCA)?
KERC has put in quarterly mechanism for arriving at FAC for each quarter based on sales
mix and certified by CharteredAccountant asprescribed by KERC.
Q!3(. dVl'UJJ1fan 5- eo.

Chartered
275
Accountants
d. How much tariff roll back subsidies have been allowed and booked in the accounts
during the year? Whether the same is being reimbursed regularly by the State
Government?
There is no roll back of any subsidy (Both revenue and Capital)for Current Year.
e. If the audited entity has computerized its operations or part of it, assess and report, how
much of the data in the company is in electronic format, which of the area such .as
accounting, sales personnel information, pay roll, inventory etc. have been computerized
and the company has evolved proper security policy for datalsoftwarelhardware?
Presently, all the issues relating to Revenue is computerized up to the level of generation of
MIS report. BESCOM utilizes this core reportfor accounting & recognizing the revenue.
"
The other aspects as such payroll, Invento_ry,Capex, Assetisation, Cash Management etc., are
not in the electronic format. Computerization of all these aspects is under process of initial
stage.
There is a security policy for data/software/hardwareprotection by exclusive section under
IDAM (identity management).
For V.K Niranjan and Co.

Finm~eg.No.002468S
BENGALURU
18/09/2015
C A Niranjan V K
Partner
Membership No.021432
276
ADDENDUMTO DIRECTORSREPORTfor the year 31st March 2015
Replies offered on the observation/ comments of the Statutory Auditors
on the accounts of the company for the year 2014-15 are as follows
Remittances and transfers from/ to head

office: The company is showing balances
of Rs (-)28.74 lacs (P.Y. Rs 125.74 lac)
under other current assetsas remittancesin-transit. The impact of above stated
balance on the financial statement is an
understatement of other current assets
and its contra effect is not readily
Factual - In the course of regular

transaction, certain remittances
made during closure period of
Accounts (Last week of Mar) will
be transferred to main account by
concerned Basnk in the first week
of Apr, thereby those items are
kept under transit
ascertainable.
2
~------.----------
Accrual system: As per section 128(1) of Factual- Grants and subsidies

the Companiesact, 2013, proper books of received from the Government in
___ ~KcguntshalLnot be deemed to be ~~Q_t)L_I~spect of c~ital assets is accounted
such books are not kept on accrual basis on _~eq;ipt basis only because
I
and according to the double entry system company cannot quantify or asses
I
of accounting. As stated in Significant the capital grant /Capital Subsidy for
accounting policy No.2, the company taking into books.
recognizes the transactions pertaining to
grants and subsidiesfrom the Government
in respect of capital assets on receipt
basis, which is contrary to the accrual
system of accounting as essential under
section 128(1) of the Companies Act,
2013.
Deviations from AccountingStandards:
a:
Accounting Standard 2 in relation to

Valuation of Inventory: The Company is
required to value its inventories at lower
of cost or net realizable value. However,
the company values its inventories at
standard rates. The company does not
consider the net realizable value of its
As per prudent practice, the

Company values its inventory as
per Standard rate arrived by
taking present market rate and
Standard
rates
are
revised
periodically on regular basis. The
required accounting treatment for
the difference in purchase value
and Standard value is dealt in the
Books (Material Cost Variance )
~ __
277
as per stipulated procedure. Net
realizable value of each item
cannot
be arrived
due
to
largeness of volume of items
receipted and issued in the store
house. The Company is having a
robust system of accounting of
difference
of Purchase
and
Standard rate 1D the books of
accounts. Hence, implementation
of AS 2 may not be possible due
to volume of work involved in day
to day receipt and issue ,which is
very high and also involves
individual items of the nature of
Insulators,
Pot Heads, bolts,
Nuts, structural, etc., anyhow
Company
will
contemplate
procedure for implementation of
AS 2 in FY2015-16.
Accounting standard 6 in relation to The Company is following the
o-epreci atron -,lccoonting-:--Th-e--C()mp-a-rT'1- -rrrethm:t-of----Depreciation---o-n- ---------has charged depreciation as per monthly prorate basis instead of
KERCjCERCrules, i.e. for full month in date of asset put into use and
which assets were put to use. As per governed by CERC guidelines for
accounting standard 6, the statute Depreciation
prOViSIOn since
governing an enterprise may provide the inception
and
KERC
has
basis for computation of the depreciation approved
the
same
while
.As per Companies Act 2013, the approving
the
tariff
orders
depreciation shall be calculated on a regularly and Company will take
up the issue with CERC for
prorate basis from the date of such
further guidelines in this matter.
addition. The impact of the above
Apart from this, the largeness of
deviation from the accounting standard is
transaction
rela ting
to
not readily ascertainable.
Assetisation is voluminous and in
the absence of automated system
for calculation of depreciation on
prorate basis corresponding to
Asset commissioned will be a
daunting task.
inventories. The impact of such deviation

from the accounting standard is not
ascertainable.
278
c
Accounting Standard 15 in relation to

Employee Benefits: The Company has
provided provision for retirement benefits
as per actuarial valuation made on
31.03.2012 and Leave encashment on
accrual basis is contrary to Accounting
Standard - 15- Employee Benefits, which
requires the actuarial valuation to be
made every year. The impact of the above
deviation from the accounting standard is
The Company
has written
to
KPTCL & Escoms P&G trust for
arrival of Actuarial Valuation with
regard to employee benefit, The
Trust has appointed professional
agency for the purpose and the
Company
will
provide
the
employee
benefits
as per its
communication
from the next
financial year,
not readily ascertainable.

Accounting Standard -22 in relation to FactualAccounting for Taxes on Income: The
Company has not provided for deferred The Company has not recognized
I tax asset/liability. The company has ~ny deferred tax asset/liability as
ith
'd d f
d f
d titS
mcome is exempt from tax
nel er provi e
or
e erre
ax
' b'l'ty
t
f ,,under Section 80IA of the Income
t/I
asse
la
lion
accoun
0
timing
T
.'
ax Act, 1961 ,eTh C ompany h as
+_dlffererlces-wnICn-wQuld--rever:se-Elfter--tl:1e---------------.---------- -------------------1-------- .. -----not provided
for deferred
tax
ovnin,
rtf bv ncndav period Tho rncact of
-"t-'oo J ~, -~"
'~';~~1
_ ~
"
-asset/liability
on account
of I
such non- provisioning of the timing timing
differences
that would
differences mentioned above on the reverse
after the tax holiday
financial statement of the Company is not period, However, the Company
ascertainable.
will provide
for deferred
tax
subsequent
to its tax holiday
period, Also, the quantum of such
non-provisioning
for deferred tax
is not readily ascertainable
and
hence not provided in our books
of accounts,
4.
liL__
Short recognition of interest: Deposit Factual- The necessary correction

made in fixed deposit account no: and
corresponding
accounting
64131380598 with State Bank of Mysore treatment will be dealt in FY2015-16
of Rs.3,31,97,211
was renewed on
22.06.2014
with
maturity
date
03.09.2015.
Interest amount to be
recognized in the books from 22.06.2014
~to_3_1_.0_3_.2_0_1_5_is
__R_s._l_9~,9_4~,7_8_8_b_ut
__ac_tu_a_I~
_j
279
amount is calculated from 27.01.2015 to
31.03.2015 and recognized is Rs. 4,51,118
i.e. 64 days instead of 283 days. Therefore
short
recognition
15:43.670
of
interest
of
leads to understatement
Rs.
of
profit for the year.

5.
Depreciation
Depreciation
on
intangible
assets:
on software and software
rights has not been charqed on opening
Factualand
The
necessary correction
corresponding
accounting
treatment will be dealt in FY 2015-16
balance of assets of Rs. 71,35,689 and on

additions made during the year of Rs.
2,11,40,340
as a result there
is
overstatement of profit and asset. The
quantum
of
over
statement
is
not
ascertainable.
6.
Rate fluctuation in power purchase during
As per prudence practice any rate
~~t:~~~
- .... - -I I;'~~!:~i~~ta~e~~~e~Fn~~~~
'J!'
~~i~:~:~~~~~~~i~~da~
--instead
income.
of treating
it as prior
period
under "Note-24- Purchase of Power"

only as a distinct iter!").
As the power purchase expenditure
is significant and amounts to more
than
90%
of companies tote I
expenses,
all
the
transactions
relating to Power purchase is brought

under "Note-24- Purchase of Power"
Apart from this, the crystallization of
rate variations/ fluctuation happens
in the year of accounting only thereby
not accounted under prior period but
treated as other income
1'1
280
7.
Corporate Social responsibility committee
As stipulated under section 13S(1) of
has not been constituted as per section
the Companies Act 2013, Board at its
135(1) of Companies Act 2013.
69th meeting
held
on 25.07.2015
constituted the CSR Committee.
Capital
Work
in
progress:
We
have Action will be initiated to avoid
observed in many divisions proper asset

register
not maintained
completed.
For the
for the works
works
completed
completion
certificate
has not been
obtained, hence the work completed has
not been capitalized. For e.g. in divisions
like Hiriyur, Tumkur, Indiranagar, Kengeri,
KGF, Ramnagar, Madhugiri etc.
..- -----
-.
Balance Confirmation: The Company has Transactions
not obtained confirmation and reconciled

+ ----r-theb-arance5-as-on- 51 :OT2arS--from/tcF
\
I
such delay in getting Completion

Certificate
and
necessary
instructions
will be issued to
adhere for proper maintenance of
Asset Register and categorization
of completed works immediately
on completion/ commissioning of
the asset & put into use by
obtaining Technical Certificate /
Commissioning Report
KPTCL, KPCL and PCKL, sundry debtors,

sundry
creditors,
advances,
deposits
from/to suppliers/contractors/government
authorities/consumers/employees,
loans
and other receivables from various parties.
pertaining
to
ESCOMS, KPTCL, PCKL
are
rtaken---to----the---bo-oks-- by---the
Company as a pruclcn i J:-!lw;t.lcc
based on notifications, orders
and
letters
from
notified
authorities for the said purposes.
Obtaining of confirmation for all
the transactions involves certain
things that are clearly outside the
control of the Company. However,
the
Company
IS
making
consistent effort to obtain the
confirmation.
As far as confirmation of Sundry
Debtors is concerned, acceptance
of bills preferred and served as
per tariff order in force IS
construed
as
confirmation.
In relation to others i.e sundry
creditors,
advances,
deposits
from/ to suppliers / contractors /
government
authorities
/
281
consumers
/ employees, loans
and
other
receivables
from
various parties , transactions are
taken to books based on orders,
awards, notification for which
correctness
IS
authenticated,
checked and counter checked by
all the competent authorities.
Also it may not be physically
possible
to
obtain
the
confirmation
for
such
transactions
as
it
involves
largeness in its volume.
It IS the combined effect on
An Abstract of monetary effect of the
observations of statutory auditors
above mentioned qualifications ( to the
for which specific replies provided
extent quantifiable) on the financial
as above.
statements of the company are as
follows: ---------------- ---------------_____
----- ------ --- -------f---- --~------------ --------- --- ------ --- ---- --------~-
10
(Amount in iakhs uf KS)
Category
Overstated/
Understated
A. Net loss
(15.43)
B. Current Asset
(44.17)
C. Reserve and
Surplus Losses as
at 31/03/2015
fir:J.'t.::
A'"""I'
282
(Wholly owned Government of Karnataka Enterprise)
BESCOM
SIGNIFICANT ACCOUNTING POLICIES
1.
Company overview
Bangalore
Electricity
company registered
and commenced
distribution
Supply Company Limited
under the Companies Act, 1956 incorporated
its operations
in eight Jistricts
Ramanagara,
('BESCOM' or 'the company')
is a
on 30th April, 2002
from 1st June, 2002. BESCOM is responsible
for power
of Karnataka (namely Bangalore Urban, Bangalore Rural,
Chickkaballapura,
Kolar, Tumkur, Chitradurga and Davanagere).
The KERC vide letter dated 30th Sep 2008 has intimated
that as per first provision
of
section 14 of the Electricity Act 2003, BESCOM has become a Deemed Licensee valid for
--- -a- period-o-f-25--years from-l0thJune--2004;-------------------------------------
------- ----
T~1eGo /ernment of Karnataka published vide their order No. DE 14 PSP, 20e '2 dated 3105-2002,
the 2nd Transfer
undertakings
Companies
Scheme called Karnataka
of KPTCL and its personnel
Electricity
to electricity distribution
Rules, 20(;2) giving effect to the approval
assets and liabilities and provisional
Reform (transfer
and retail supply
of distribution
undertakings,
opening Balance Sheet of KPTCL and BESCOM
based on the Annual Accounts of KPTCL as on 31-03-2001. As per the provisions

Transfer Scheme, after the stipulated period of one year i.e., by 31-05-2003,
became final.
Government
of
Opening Balance Sheet earlier approved
notification dated 31-05-2002
and published
of 2na
the same
vide G.O. and
read above were provisional and thereafter
Government had approved and issued final opening Balance Sheet of BESCOM as at 0106-2002 vide their order No. DE 48 PSR 2003 dated 31-05-2003jNo.DE
dated 07-10-2004.This
has been notified and published
after the audit by KPTCL in the "transfer
scheme"
48 PSR 2003,
as final. The changes effected

have been incorporated
in the
accounts of the Company as per Annexure - 2 to Government Order NO.DE48 PSR 2003
dated 07-10-2004.
283
Basis of preparation
The financial statements
are prepared
cases
under
as stated
below)
on accrual basis of accounting
historical
cost convention
(except in
in accordance
with
generally accepted accounting principles in India and the relevant provisions of the
revised Schedule III of Companies Act, 2013 including accounting standards
thereunder
and also in accordance with the provisions
of Electritity
notified
(Supply) Act,
1948/ Electricity Act, 2003 where ever they are applicable to the company.
All items having a material bearing on the financial statements
are recognized
on
accrual basis except the following, which are accounted on receipt basis:
Grants and subsidies from Government in respect of capital assets
Insurance claims.
3 Use of estimates
The preparation
..
of financial statements
requires
estimates
and assumptions
that
affect,tharaported.arnoun t ..at assets.i.lia bilities ,__

reyenu e_&_expenses- du ri ng.the.i..; --tJei iuJ. A1LilUugll
lepvitilll'!,
reasonable
Sudi
esl.imates
dUJ assuultJLiullS
die IUdJe Ull a
and prudent basis taking into account all available information,
results could differ from these estimates and assumptions
actual
and such differences are
recognized in the period in which the results are crystallized.
Accounting
reviews
estimates
its estimates
estimates
are
circumstances
could change
from period
and assumptions
periodically
made as the management

surrounding
to period.
becomes
The management
and appropriate
aware
changes
in
of the changes
in
the estimates.
Grants and Subsidies

4.1
Grants/subsidies
received from the government
capital expenditure
treated
as well as consumers'
or other authorities towards
contribution
initially as capital reserve and subsequently
the same proportion

out of the grants.
as the depreciation
to capital works are

adjusted as income in
written off on the assets acquired
284
4.2
Revenue grants/Tariff
subsidies
from the government
and other agencies
are recognized as income only when there is reasonable

conditions
assurance
that the
attached to them shall be complied with. and the grants will be
received and accounted on accrual basis.
Fixed assets and capital work-in-progress

A. TANGIBLE ASSETS
5.1
Fixed assets
are
accumulated
finance
carried
depreciation
charges,
at cost
of acquisition
and impairment
foreign
currency
commercial production/intended
or construction
less
loss, if any. All costs, including
fluctuations
till
use attributable
commencement
of
to fixed assets are
capitalized.
5.2
Expenditure
increased
_ _
on renovation
life and/or
and modernization
in
efficiency of an existing asset is added to the cost of
related __
assets, _ _
5.3
of fixed assets resulting
~~
~_ --------
Released assets are accounted on withdrawal/capitalization
..
--." ._--
_._ ..
at written-down
value (WDV).
B .Intangible assets
5.4
Intangible
assets
are recorded
at the consideration
paid/incurred
for
acquisition of such assets and are carried at cost less accumulated

amortization
and impairment, if any.
5.5 Impairment of Fixed Assets:

An impairment
loss is recognised wherever the carrying amount of an asset
exceeds its recoverable
amount. The recoverable
asset's net selling price and value in use.
amount is greater of the
285
5.6. Capital work-in-progress
(a)
Materials issued to capital works-in-progress

purchase
or scheduled standard
are accounted
rates (standard
at cost of
rates are determined
on the basis of previous purchases and prevailing market rates)

(b)
Administrative
construction
and
general
of fixed assets
overhead
incurred
expenses
attributable
till they are ready
intended use are identified and allocated on a systematic
to
for their
basis to the
cost of the related assets.

(c)
Contracts
at divisions
completion/technical/
are
capitalized
commissioning
only
on
receipt
of final
reports.
Cd} The diminution in the value of-dismantled assets (re-usable and released
assets)is ascertained
on review and provided for.
6. Foreign currency transactions and translations

...
._.6,L .__Foreign ..C.urr.em:y_1I"mS_(:li:li.Qns.a(ejnitiallY.J_efQ(ded-_aLthe_LaJeS_i2Le_xchange_

---- ..- .
6.2
At the balance sheet date, foreign currency

using the closing rate. Non-monetary
monetary
items are reported
items denominated
in foreign currency
are reported at the exchange rate ruling at the dare of transaction.
L ')
V ..J
Exchange differences
arising
relating to fixed assets/capital
work-in-progress
to the extent regarded as an
adjustment to interest cost are treated as borrowing cost.
Borrowing costs
Borrowing
costs relating
to acquisition/construction
capitalized
until the time all substantial
activities
of qualifying
necessary
assets
are
to prepare
the
qualifying assets for their intended use are complete. A qualifying asset is one that
necessarily
takes substantial
period of time to get ready for its intended
other borrowing costs not eligible for capitalization
are charged to revenue.
use. All
286
8
Depreciation
8.1
KERC first amended
the tariff regulation
notification No 13/01/2006
8,2
Depreciation
in respect
of depreciation
as per
dated 31/05/2006.
is charged on straight
line method
at the rates prescribed
and
notified by the Central Electricity Regulatory Commission (CERC). The company

does not charge depreciation
as per the rates prescribed
under Schedule II of
the Companies Act, 2013.
8.3 Table below Show the rate of Depreciation

As per CERC( Notification No. L~~
per Schedule II of Companies

",.+ ,)0""
~""""
.... ..,.""
Sewage,
supply)
ll:'lpelme,
Water
Drainage,
ii. End users devices like

desktop, Laptop etc.,
5.28
-,-----~--.--.------.--
3.34
3.17
Other Civil Works

Plant & Machinery
a) Used in Generation,
Transmission and
Distribution of power
Computers:
b)
i. Servers and networks
Nil
Buildings
a) Hydro Electric/
Stream Electric/Diesel
/Dams/Cooling
towers.
_
_QL_Q_ffi_~~s
&_s_l!9~_~Qom~_
_-----_._--
--~~-----------
works
Dated
3.17
Factory Buildings
Civi!
7 /145/160/2008-CERC
19/01/2009)
Nil
Land & Rights

Buildings
a) Buildings other than
Factory Buildings
~~~-J) ~
3.17
CIvIl
works
ll:'lpellne,
Sewage, Drainage,
Water
supply)
3.17
Other Civii Works
5.28
2.71
Plant & Machinery

a) Transformers of 100
KVA above & Below
5.28
Communication
6.33
15.83
b)
Furniture & Fixtures
9.50
Office Equipments
19.00
3.34
15.00
c)
2.71
11.88
Equipment',
31.67
Lines Cable Networks

Vehicles
Computers
Lines Cable Networks

Vehicles
Furniture
& Fixtures
Office Equipments
Residual value remains at 5% whereas CERCguidelines it is notified as 10%
5.28
9.50
6.33
6.33
..-
287
8.4
In case there is a revision in the rates prescribed

company
applies
the revised
rates
prospectively
notified by the CERC without considering
and notified by the CERC, the

from the date of change
the revised useful life of the assets
concerned.
8.5
Depreciation on leasehold land is amortized over the period of lease.
8.6.
The residual value of all the assets is 10 %
8.7
Assets costing Rs 500/- or below individually

Companies Act, 2013) are fully depreciated
8.8
(as against Rs 5,000/- as per the
in the year of acquisition.
Released assets are depreciated upto the date of dismantling.
8.9 Any addition to the asset base or deletion to the asset base, deprecation
charged in proportion
to month of addition or deletion
8.10 Where the life and/or

modernization,
efficiency of an asset is increased
the expenditure
amount is charged prospectively
(standard
is
due to renovation
thereon along with the unamortized
and
depreciable
over the remaining useful life of the asset.
rates are determined
on the basis of previous
purchases
and
prevailing market rates)
10 Investments
1(\ 1
.l.V.J..
r,~__...............
\.....oUtJ
CJIL
investments
determined
10.2
are valued at lower of cost and fair market
on an individual investment
Long-term investments
..
~1" ~
val UC:
basis.
are carried at cost. Provision is made for diminution,
other than temporary, in the value of such investments.
288
11 Retirement benefits
11.1
Pension & Gratuity are provided based on the revised rates prescribed
'KPTCL & ESCOMs Pension
& Gratuity Trusts'
as per Order No. KPTCL
&ESCOMs P&G TRUSTS/KC0123/P7/2011-12/CYS07

which
is based
contribution
on Actuarial
Valuation
by
dated
as on 31-03-2012.
27TH May-13
The rate
of
is 30.00% of basic and D.A. in the case of pension and 6.01 % of
basic in the case of Gratuity with effect from 01/04/2011.
11.2
Leave encashment
is provided on the basis of estimates/accrual
made by the
company and not on the basis of actuarial valuation.
12 Provision for bad and doubtful debts

12.1
The provision for bad & doubtful debts is maintained

sundry debtors
(exclusive of receivables
from
sets) for sale of power of LT category outstanding

__. . .
. __._..
at 4% on the balance of
B}/K} installations
as at the year-end and on
. _ ___H'l'.consumers __
s_pecifLcally:j_d_e_utified
_ _QJ1__acase-ro-case.basis..
12.2
and IP
The provision for bad and doubtful debts in respect of arrears of IP sets and
B}/K} installations
is maintained in the following pattern:
a. Dues outstanding
for 2 years and above
75%
b. Dues outstanding
between 1 year and 2 years
50%
c. Dues outstanding
less than 1 year
Nil
13 Taxes on income
Provision for current tax is made after taking into consideration
benefits admissible
under the provisions of the Income tax Act, 1961.
Minimum alternate
evidence
tax (MAT) is considered
that the company
will pay normal
recognized as an asset in the balance sheetwhen
as an asset if there is convinci ng

income
tax. Accordingly,
MAl' is
it is probable that future economic
benefit associated with it will flow into the company.
289
14 Provisions and contingencies
A provision is recognized when the Company has a present obligation as a result of

past events and it is probable that an outflow of resources will be required to settle
the obligation in respect of which a reliable estimate can be made. Provisions
(excluding retirement benefits) are not discounted to their present value and are
determined based on the best estimate required to settle the obligation at the
balance sheet date. Contingent liabilities are disclosed on the basis of judgment of
the management. These are reviewed at each balance sheet date and are adjusted to
reflect the current estimate of the management.
15 Cash flow statement
Cash flows are reported using the indirect method, whereby profit / (loss) before
_____ ___ __
_~_xtr_aQr_djn___ar~-Ltems--and--ta-xj-s-a-dluste-d--fo-Lthe--e_ffe~ts_QLtr_a_nsacti
a ns __o f non-cash
nature: and any deferrals cr accruals of past or future Cash receipts cr payments,
Cash comprises cash on hand and demand deposits with banks. Cash equivalents
are short-term balances (with an original maturity of three months or less from the
date of acquisition), highly liquid investments that are readily convertible into
known amounts of cash and which are subject to insignificant risk of changes in
.........1",...
v cu u c,
16 Revenue recognition
Revenue from Operations:
16.1
Sale of power is accounted on accrual basis at the tariff rates approved by the
Karnataka Electricity Regulatory Commission (KERC). Revenue dues from
consumers whose ledger accounts are yet to be opened are accounted on an
estimated basis.The company accounts/discloses revenues net off electricity
taxesin its statement of profit and loss.
290
16.2 Revenue for the year is adjusted by estimating un-billed revenue demandfor sale
of power to HT category on actual basis and a specified % on LT category for
the current year.
Other Incomes:
16.3
Income
from
services
agreements/arrangements
16.4
rendered
is
accounted
based
on
the
with the concerned parties.
Cash discounts on Power Purchases prompt payments are accounted as and

when the related dues are settled.
l~.S
Interest income is recognized en a time proportion basis taking into
aCCOL~nt
the amount outstanding and rate applicable.

16.6
Revenue grants and subsidies are accounted as stated in para 4.2 above.
17 Leases
_._.__..
9_p_~~~ting
__
_L~~sere~~_als_;~re
_ _recog_~~~_9as_~n exE_ens~
__iI!__!l!_~_
~t~!~~~~~_~
18 Purchase of power
18.1
The Power Purchase cost is recognized based on the Government of Karnataka

Order No. EN 131 PSR 2003 Dated 10th May 2005 and subsequent orders issued
from time to time for accounting the cost of power based on the billings made by
Power Generators Pool allocated to BESCOM by the Government of Karnataka.
The Company recognizes the quantum of power exported at the generating
plant as per allocation given by Government of Karnataka as per its latest order
dated 24.03.2010.
18.2
The Transmission cost on power purchase is recognized on the basis of total

generating capacity allocated to BESCOM as per Government of Karnataka order
dated 24.03.2010.
18.3
The Company has recognized the following as interface points for transmission
of powr:
.. _
291
18.3.1
For EHT consumers,
consumption
recorded
at EHT consumer
installations (66KV and above).

18.3.2
Readings recorded
at 11 KV banks (interface points) existing
ill
various sub-stations.
Itj.4
As per policy decision at the Government
and in terms at Power Purchase
Agreement, KERC and CERC tariff order, the related power purchase
cost
figures including interest for belated payments, publication charges and income
tax paid are shown on the basis of billing on "Delivered Energy" basis.
18.5
The supply of energy to the Company includes EHT supply at more than 66 KV
voitages at the interconnection points for transfer of power for bilimg by the
Company. The Company does not recognize any transmission
loss on EHT
power in its books on purchase from KPTCL.

13.6
The Company accounts the power purchase from 10-6-2005 directly from Power
Generators
. -~ .--...-
..~-~--- - ---
Pool Account as per the energy allocation/ assignment

~~
- ---
by the
-- ~--.-- ---- -~--._-_--_. -----------.----------~

- - ._----_._- .------~---
Government of Karnataka as per the Government order No. EN 131 PSR 2003
dated 10-05-2005 and subsequent orders issued from time to time. The rates
followed
for the allocated/ assigned
commercial
rates/ predetermined
PPA/CERC/KERC/Government
18.7
power
rates
purchases
as
are based
on the
approved
by
of Karnataka,
The Transmission losses arising on account of Power Purchase from Generation

Point till interface point of Transmission are accounted by the Company as per
the information provided by PCKL / SLDC, KPTCL based on the proportionate
energy consumed. This is as per the said Government order.
19 Earnings per share

Basic earnings per share are computed
by dividing the net profit after tax by the
weighted average number of equity shares outstanding
during the period.
92
1 Shareholders' funds
(a) Share capital
(b) Reserves and surplus
(A) Capital Reserve
(8) Others
(C) Profit/(Loss)
5469151000
2
17118986085
15108 00 000
-4757651 681
1387 21 34 403
Sub Total (b)

A
2 Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
ft
3 Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
3
4
5
6
B
7
8
9
10
C
TOTAL (A+B+C)
B
1 Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(v) Fixed assets held for sale
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets
2 Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
11
11
12
13
5057 49 89 101
48653306
14240748981
383241 16703
27557336
12862409702
14
4
15
16
A
10 0100 000
1001 00 000
17
18
19
20
21
22
8
jiY't'""
CA Niranjan. V.K
Partner
M.No: 21432
Place:
Date:
677 79 71013
LI

Other Income
TOTAL REVENUE
Expenses
Purchase of Power
Other operating expenses
Employee Benefits Expense
Other expenses
Finance costs
TOTAL EXPENSES
Profits before Depreciation, Prior period items, exceptional items,

extraordinary items, Income Tax (1+2-3)
Depreciation
I (Loss) before Prior period items, exceptional and extraordinary

"
23
23A
24
25
26
27
28
3477928519
29
1997851 796
1480076723
228507802
434992916
1251568921
-4741507196
30
L..U
Profit I (Loss) before Prior period items, extraordinary items and Tax
7)
9
10
Prior period Items - {Expenses(+) I Income (-n

Extraordinary& Prior period items {Expenses(+) I Income(-)}
11
Profit I (Loss) before Tax (8-9-10)
12
Income Tax Expense:

(a) Current tax expense
(c) Deferredtax
(d) Tax expensesrelatingto prior years
13
Profit! (Loss) from continuing operations (11-12)
14
Profit I (Loss) from discontinuing operations
15
Profit I (Loss) for the year (13+14)
16
Earnings per equity share of Rs. 10 each.

(1) Basic
(2) Diluted
140367373
31
32
306738
5245300
1391936294
257500000
49500
1134436294
761031
1134436294
761031 342
2.07
t.~L (~..ky(
of Directors
Managing Director
Place:
Date:
1.39
BANGALORE ELECTRICITY SUPPLY COMPANY LIMITED

CASH FLOW STATEMENTFORTHEYEAR ENDED31ST MARCH 2015
Particulars
SI.No
Cash Flow from Ollerating Activities
A
Current
Net Profit before Tax

Adjustments for:
Depreciation
Financecost
Extraordinaryitems-TrueupSubsidy
Changein Provisionfor Debtors
Changein Provisionfor Employeeadvances
Changein Provisionfor DismantledAssets
Reversalof Depreciationon GrantsAsset (Other Income)
Prior period charges(+)or credits(-)
IncomeTax
Operating Profit before working capital changes
Adjustments for
Changesin Inventories
Changesin SundryDebtors
Changesin Shortterm Loansand Advances
Changesin Long term Loansand Advances
Changesin Other CurrentAssets
Changesin Current Liabilities
Trade Payable
Other current liabilities
Changesin Short term Provisions
Changesin Longterm Provisions
Changesin Other Long-TermLiabilities
Operating Profit after working capital changes
Prior periodcharges(+)or credits(-)
Extraordinaryitems-Trueup Subsidy
Net Cash inflow from Operating Activities
"
Year 2014-2015
1391936294
Previous
Amount in Rs.2.
Year 2013-14
81 0531 342
1997851 796
3976620444
1261825520
3234543618
5245300000
261105558
77481224
1105038514
59261598
257500000
6022089646
9204649
1226509 587
306738538
49500000
9853239638
456717173
786 93 02 033
84112449
533467788
1412934353
654764070
11652129021
-18308920
2511740 235
-81407477
4429001602
25031 28964
268255800
73826724
4465846726
6292162020
59261598
5893443919
656467633
43541588
296728445
2217891653
344 95 06 263
306738538
-524 53 00 000
210 25 32 275
6351423618
Cash Flow from Investment Activities
73581 67663
-28275 13 468
14269820164
1378339279
Changesin FixedAssets (Net)

Changesin CapitalWork in Progress
Investments
Net Cash Outflow from Investment Activities
10185681131
156481 59443
Cash Flow from Financing Activities

Changesin Capital/ShareDeposit Account
Changesin SecuredLoans
Changesin UnsecuredLoans
Changesin Longt-Term Borrowings
Changesin Short-TermBorrowings
180000000
355800000
13873 05976
8011490100
1277 04 27 756
-212 38 54 698
397 66 20 444
403417940
-3234543618
3961217596
2733428751
Changein Currentmaturitiesof long term

debts/Currentliabilities
Financecost
Contributionsfrom Consumers/Reversalof Depreciationon
GrantsAsset (Other Income)
Other Income
Net Cash available from Financing Activities
9563393228
10904676132
Net Change in Cash and Cash equivalents Surplus Cash [(Al + (B) +( C))
Add: OpeningCash and Cash equivalents
266657403
1383537274
Closing Cash and Cash equivalent:
For V.K.Nlranjan & Co.
~Z!?'
Partner
M.No:21432
Place: Bangalore
Date
'"' ...
f~, Oq dULs:'
281 8448606
14349 11 332
14349 11 332
1434911 332
1701568735
1701568735
\ ~ 1~!b'h:f~f:lL'''''~)<
(K~!,ann
cretary
DTh
~~t:e:
(B.. Guru prasad)

CFO'&'Director(Finance)
r~rl~Qq~QI ~
t
(PankajKumarPandey)
ManagingDirector
BANGALORE
ELECTRICITY SUPPLY COMPANY LIMITED
295
NOTES TO THE FINANCIAL STATEMENTS
BUCOM
546915100
Equity shares of Rs.101- each
546915100
Equity shares of Rs.101- each
52.301
Note 18 -Reconcilation
Note 1C -Percentage of Holding
D
~
BESCOM
BANGALORE
NOTESTO THE FINANCIAL STATEMENTS
296
BAN GALORE ELECTRICITY SUPPLY COMPANY LIMITED
~
BEScaM
Note 3A - Secured
297
Loans
53.500
Canara Bank
For Rs.400 cr repayment within 13 years (including
moratorium period of three, years) payble in 40 quarterly
instalment of Rs. 10 Crore each. Interest to be paid as &
when due, ROI for Rs.200 ers base rate + 0.5%pa
(floating without spread reset) & ROI for RS.200 crs
base mte + 0.1'Iopa (floating without spread reset).
Hypothecation of fixed assets of the company valued at
Rs.457.62 Crs .Flrst instalment due on 23.09.2013.&
For Rs.370 crs Repayment in 40 quarterly installment of
Rs.9.25crs each Interest to be paid as when due. ROI
for Rs.370crs base rate +1% presently 11.10% first
installment due on 24.01.2017. Hypotecation of Fixed
assets of the Company valued at RS.417.09 crs.
3 fl~.,k nf !Ii!'!h'!r'!str'!
53.500
1141846017
6999954777
6599954777
53.50(1
For RS.125 Cr The term of repayment in 28 quarter,27

quaterly installment of Rs.4.47 Crs per quarter and
RS.4.31 Crs in 28th quarter after inotial moratourium
period. ROI at B.R+0.10% & for Rs.27 ;.00 ers
repayment of Rs.9.28 crs per quarter &for 28th quarter
Rs.9.86crs after initial moratoirum period ROI at
B.R.+0.10%:
Hypotecation of Fixed assets of the Company valued
Rs.139 Crs.
4 State Bank of Mysore
Repayment within 13 years (including moratorium
period of three years) payble in 33 quarterly instalnient
of Rs. 3.3 Grore each. at the end of 30 th instalment
be of RS.3.43 Crs Interest to be paid as & when due.
ROI for Rs 100ers base rate + 0.25% pa (fioting
without spread reset).
Sub-Total
53.5
1000000
000
will
1179 50 00 794
1205 27 54 771
298
BANGALOI~E ELECTRICITY SUPPLY COMPANY LIMITED
8 Term Loans from Others

1 Loans from Rural Electrification Corporation
Limited, New Delhi. -APDRP Counter part funding
(Secured
by Hypothecation
of all
existing
unencumbered
moveable
properties
including
machinery,
equipments, machinery spares, tools,
implements, and accessories installed I created I
er'C'cL~U dllLi dii IUlult: I'lluvt::ab.'C' illduuill~IIldL.ilinCI)"
equipmetns, machinery spares, tools, implements, and
accessories installed Icreaied I erected in future and its
stock of materials squipments bought or to he bought
out of Ihe loan amount at 8.5% & 11.70% interest rates.
)
2 PFC - RAPDRP (Part A)
41 7398490
220774100
53.3327
I
53.347
14664 80 900
1466480900
53.347
435420
1974522979
The tenure of loan will be 10 years from iire date of

disbursement including moratorium period of 3 years for
both Principal and inter=st. Interest to. be paid as
notified by Ministery of Finance from time to lime.
'Secured by way of hypotecation on the newly financed
assests under the project as securities for loan. First
instaiment due on is.ul.ltli~
3 RAPDRP PFC (8)
The tenure of loan will be 20 years including moratorium
period of 5 years. The interest and interest tax on the
said loan shall be borne by the Utility and shall begin to
accrue from the date of release of loan by Ministry of
Power .'Secured by way of hypotecation on the newly
financed assests under the project as securities for
loan. First instalment falls due in the month of July2015
3(a) RAPDRP PFC (8) (Counter part Funding)
The loan shall be repaid in 60(SIXTY) equal quaterly
installments. The first installments become due on 15th
- -"i-october 2015 the subsequent installments will
become due for payment C'l the 15th day of January
1
,15th day of April, 15th day of July, 15th day of October
Every year
4 PFC DRUM PROJECT
The loan shall be repaid by the Disribution Company in
40 equal quarterly instalments. The first instalment will
become due on 15th day of April 2008 Interest on the
.said loan at the rate of interest prevailing on the date of
each disbursement. 'Secured by way of hypotecalion of
all assets created under the loan.
Repayment due :The first Instalment will become
.,'ua on 15th day of April 2008
53.347
000
150 95 97 409
day
53.337
41065742
61598619
JICA (Japan International
Co-Operative Agency)
53.340
2769727679
2609249302
The bank agrees 10 lend Ihe company an amount not

Axr.eeding YFN 10043000000 ~~ Prinr.ip,,1 for DAS
under relavence laws & Regulation of Japan. The
Company repay prinicipal amount in accordance with
amortization schedule setforth in the agreement. The
Company shall pay the interest semiannuallyat the rate
of three- fourth of one percent (0.75%)p.a
6
REC (Tl) NJY Phase 2

Repayment with in 13years (including moratorium
period of 3 years) principle installment is payable in
equal annual installments and on 15 th of the month in
which Ihe first disbusement was made.the rate of
interest @ 11.5 % P A
'Secured by way of hypotecation of all assets created
under the loan.
7 REC (TL) DTC Metering
Repayment with in 13years (including moratorium
period of 3 years) principle installment is payable in
equal annual installments and on 15 th of the month in
which the first disbusement was made.the rate of
interest @ 11.5 % P A
'Secured by way of hypotecatiort of all assets created
under the loan.
53.335
230 10-fj4 644
1563319810
53.335
1364934209
1181896020
BANGALORE
~
BESeOM
(TL) HVDS
Repayment with in 13years (including
period of 3 years) principle installment is payable i
equal annual installments and on 15 th of the month i
which the first disbusement was made. the rate
interest @ 11 .5 % P A
'Secured by way of hypotecation of all assets
under the loan.
REC (TL)UAIP
ELECTRICITY 3UPPL Y COMPANY LIMITED
299
53.335
9341 14549
53.335
748659 01
53.335
110 6719413
Repayment with in 13years (including

of 3 years) principle installment is payable
annual installments and on 15 th of the r"''nth
the first disbusement was made. the rate
i2BlI 8::. Of btl3
1960 383
(The repayments to be made i 20 annual
instalments together with interest at the rate 12%
outstanding balance commencing from 20<)3-:20(14.1
~owever, 50% of loans will enjoy 5 year initial grace
period after which repayment of these loans will be
effected in 15 annual equal instalments.)
Repayr.,ent as begun 2003-04
Interest free Loan
Govemment of Kamataka has released interest
InAn to RFRCOM toward. paymp.nt to power. sIIppli
supply of power to State Grid during 2008-09.
Repayment :No terms & Condition given
Loan from Government (through REC) - RGGVY
(The Total repayment period will be 15 years
of 5years moratorium period together with interest
5% - 12.25% with quarterly interest)
9409
897787;:2
3336
010
Ii
~
BISCOM
Loan from GoK for

for a period of ten years
specific Term & Conditions Given However as
No FD 01BLA 2002 dated:10.07.2003 Loan for a
annum.
Repayment begun in 2007-08
Term Loan from PFC
(The loan amount is accounted as per the advise
KPTCL and it comprising of various loans with
terms and conditions. Interest varies from 10.75% - 11
NotES TO THE FINANCIAL STATEMENTS
53.3417
2940
4410
53.3367
5410
53.960
181 2800291
Sub-Total
ii) Deposit Works
300
BANGALORE ELECTRICITYSUPPLY COMPAi-lY LIMITED
47.301 to
47.303,
47.305,
47.307 to
47.317,
47.321,
47.306
1792090
52856
47
47.6
8551 45
27463460
BANGALORE
"-I
301
aBeOM
Provision for Employee Benefits

Provision for Gratutiy,Pension,Leave encashment, PF & 44.122,1
Family Benefit Fund
0,140
2000000000
payment of Rs.l00 Crores within one year whith
option to repay instalment also, Monthly interest to
be serviced regularly at BR+.15% presently 10.65%
P.A) Repayment due on 07.05.2012
Vljaya Bank
'STL for a period of 270days. To be repayed on
day of first drawal and interest to be serviced as
when debited at 10.45% p.a(fJoting) l.e., base rate of
bank. Securities: Floating charge on Book debts of
Company with 10% Margin for 150 Crs.
starts on 1310612012
Bank of Mysore
for a period of 1 year and to be closed by the
year from the date of drawal and interest
as and when debited at 10.60% p.a.
rate +0.10% .Securities : Floating charge
of the Company with 10% Margin.
Bank of Maharastra
STL for a period of 1 year to be repaid 12 monthly
installment interest to be serviced as and when debited
At 10.25% p .a. i A. base rate (floating) Ser.uritiefl
Floating charge on Book debts of the
10% Marqin
Loan from REC (STL)
The repayment to be made in 12 monthly equal
together with interest at the rate 12.7!i% i
ing balance.
8ank
53.500
5000000
1499938176
53.500
3500000
1250000000
53.500
1000000
1000000000
53.000
1333200
49!i9 99 9ge
53.3357
53.5007
1312500
2500000000
24.420
1405355812
24.409
24.414
50301 19192
24.415
101 1802797
24.428
996726687
24.411
1960266718
Ii
BANGALORE ELECTRICITYSUPPLY COMPANY LIMITED
~
_SCOM
Sundry Creditors for Purchase of Power

Inter ESCOM, Cost of Banked Energy, SLDC
& PCKL Revenue Expenditure
Creditors/Liabilities
for supplies / works
42.1 to
,.
5949551677
46.300+4
6.301+46.
441
306689928
...... ,. ......
...4 .... , "T.:...V
Payable for other services
46.103,41
0.470,46.
929
42.231+4
---'r"""o-ta"7I--'-
--
825867
39423211
302
8ANGALORE
303
consumption charges LT & HT
23.181 &
23.293
351912140
47.607,
37.501,50
2,503,504
Excess credit under reconciliation with Bank

Draught relief fund.
IMisclellalnel~us Deposits/Other
liabilities
withheld from employees against recoverables
1359961118
46.104
42.282
46.972,
6,977
46.978
46.966,
46.9
2044695075
28
44.210
44.220
44.310
44.320
44.330
Provision for Income-Tax & Fringe Benefit Tax
46.800
307000000
4,95,00,000
,
i
e
"IICOM
BANGALOREI ELECTRICITY
I
sa...
Y COMPANY LIMITED
ImTES TO THE FINANCIAL STA fEMENTS
BANGALOREj
ELECTRICITY
se
LY COMPANY LIMITED
IWTFS TO THE FINANCIALSTAfEMENTS

Note 11 - Tangible I Intangible Assets
1. Buildingsincludesshared assetsas per KPTCL's intimation

2. Addition includesreleased assetsafter reconditioning
3. Deductionincludestransferof assetsfor reconditioning.
4. Additions I deletions of assets and depreciation thereon include:
a) Ilems pending reconciliationrelating to inter unit transfers and
b) Prior period adjustments.
UJ
o
en
306
BAN GALORE ELECTRICITY SUPPLY COMPANY LIMITED
"-'
BESCOM
15.128
Capital Work in Progress
Provision for works.
Dismantled assets for reuse (valued at WDV)
a) Value of scraped assets
49638241
14 series
11887247301
15.500
51 1219217
16.1
153544590
16.2
369157145
20463300~
65281 299
b) Value of Faulty and Dismantled assets for reuse
Less: Depreciation
sue-Total
__ ~~~~~
Note 14 Non-Current Investment>.
CAPITAL ADVANCES
Adw.',ces to Suppliers
Advan..JS to Contractors
Loans a,,~ Advances - Others
29.1 to
25.5,
27.106
26.6
163040424
2438058147
255721124
372 33 o~ 958
27.8
47.308,30
9,310,311f-__
---'3::.,:1::.4
~~=l
228881: '~
5741413985
a) Security Deposits with Railways and Others

b) Security Deposit from Suppliers & Contractors other
c) Deposit with Jurala Hydro Electric Project
28.9
6267406224
370564789
28.930
20.251
140000
503089240
307
BAN GALORE ELECTRICITYSUPPL(COMPANY LIMITED
Less :Excess IShortage

b) Mateterial imprest Account
Other Material Account
- --_ .... ,_._-
---_------------_. --_._----_._---_. __ .._.
__
._ ...._---_ ...._--
'-._.
__ .-.-----
.._- .._---,.- ...._ ..
BAN GALORE ELECTRICITY
308
SUPPLY COMPANY LIMITED
B~OM
3884 58 60 897
Receivable from GoK towards Free Power
to IP sets uoto 10HP
.Tariff subsidy Receivable from GOK towards BJ/KJ
installation
I CI Amounts
28.627
28.626
122731 57
23.4
23.4
1. Unbilled Revenue - LT
2. Unbilled Revenue - HT
3. Dues from Pennanently disconnected installations
4. Sundry Debtors - miscellaneous
receipts from
for withdrawal of Revenue deman..
23.5
237
23.8
.607,4
12330561491
35 as 72
1.936,841
On accounts of ,,,nds rec :ived
On accounts of funds received and adjusted to
receivable from KPTCL
On account of Materials, R"leased Assets, Personnel
and others (Cash transactions)
receivable
46.106
28.881
42.276,27
7,278,
52.308
from KPTCL
28.829,83
4,839,929
F.SCOMS
2B.B
Receivables-suppliers/Contractors
28.8
28.1
& Other
Tax
350417709
340964582
5521607
BANGALORE
ELECTRICITY
309
SUPPLY COMPANY LIMITED
aEseoM
Cheques, drafts on hand
4.210
(i) in current accounts

(a) Operative Accounts with scheduled banks
(b) Non-Operative Accounts with scheduled banks
24.400
24.300
589698238~
in deposit accounts'
91 9580427~.
70882538
339621 022
2 14700
.130,24.1
40
Deposit is margin money serving as security against LC for Central Govemment Stations (Power Generotors)
Note 21 - Short Term Loans & Advances
28.850
28.821
27549421
1351 84590
28.821
28.4
recoverable from ex-employees
for Doubtful of recovery from
Loans and Advances to Staff Inierest free
28A02
:'.0579
28.899
61856
27.2
Note 22 -Other Current Assets
24.5
24.6
Receivables from Pension I Gratuity Trust

Cash Receivables
from Associates KPTCL
ESCOMS
Receivable from GOK refund of meterequipment
security deposit
Interest accured but not due on deposits (including Bank
Deposits)
Prepaid expenses
I Pr..Iiminarv expenses to the extent not written off
Unit Accounts- Materials
CWIP, Fixed Assets, depreciation provision I
and released assets
Inter Unit Accounts. - (1993)Personnel
IUA - Other transactions I adjustments
81258135r-
28.821
28.72,
28.74
28.9
737933607
10212735
87321 354
28.9
4526439
1587731'
l~_8~6~8~5~1
1 2574588
737933607
9043827
52792397
5319307967
28.710
28.2 & 3
47250707
1025
28.820
31
32
36
37
33
34
-82723693
24635202
-151464
,940128
23
49
1192
310
BANGALORE
COl'lllt
ELECTRICITY
SUPPLY COMPANY
LIMITED
1 LT l(a) I
BJ/KJ Up To 18 Units Metered installations

BJ/KJ Up To 18 Units Un Metered
__ '-".-'" ,_-
31,05,38,974
:
III~ll;.l"C.n'VII<3
3 LT 1 II
4 LT 2A I
7e,S7C
BJ/KJ Above 18 Units having more than one

outlet
Lighting/combined lighting, heating & motive
power installations BBMP (Urban) - LT 2(a)1
i..ighting/combined lighting, heating & motive
power installations (Urban Local Bodis other
then LT 2(a)i - LT2 (a)ii
power installations (Village Panchayats) - LT
2(a}iii
61.103
23,16,50,788
30,13,33,816
61.111
24,73,59,34,302
21,54,05,55,828
61.112
2,06,67,20,610
1,78,50,15,794
61.113
11,02,964

power installations (Free Lighting)
61,1~4
6.43.75.703
6.45,28.300

power instaliations of Pvt.Professional
including aided educational institutions under
Urban Local Bodies including City
Corporations LT 2 (B)i
61.115
25,32,64,497
21,50,10,172

power installations of Pvt.Professional
including aided educational institutions under
VPs -L T2(b)ii
61.116
2,97,90,779
3,28,12,938
61.132
1.21.04.23.229
84.:\0.65.440
61.133
1,66,30,090
2,37,60,565
13,58,79,09,389
7,81,72,45,948
Commercial Lighling, heating & motive

installations of ULBs including City
L ---I'
--------_---
12 LT 311
13 LT3 FL
14
15
Commercial Lighting, heating & motive

installations VPs LT3 (ii)
I Lighting, heating & motive power
Office Lighting
sale of power- commercialAreas coming under Village
LT3(iii)
and inclusive of 10Hp
T4A
61.135
.61.141
61.142
3,34,655
61.143
69,368
61. ~46
61.144
:Z~.180
6,00,00,346
8,56,340
1,26,72,199
20 LT 4C
IP setsPvt. Hortl, Nurseries, Coffee & Tea

Plantations irrespective of sanctioned loadLT4( c)
61.145
10,66,03,792
1,09,81,150
21
Revenue from sale of power- IP sets hor.

Nur. Coffee & Tea above 10Hp LT 4 C(ii}
61.147
26,76,597
2,85,326
61.151
56,51,19;295
54,79,69,630
61.152
1,73,58,30,620
1.56,23,11,447
22 LT 5A
23
Heating & motive power (including lighting) of

BBMP area upto & below 5HP LT5(a)i
Metropolitan area for above 5HP
40HP (inclulding demand based
T 5(a)ii"
& motive power (including lighting) of
area for 40HP & above but below
(inclulding demand based lariff) LT
311
BANGALORE ELECTRICITYSUPPLY COMPANY LIMITED
NOTES TO THE FtNANCtAL STATEMENTS
28
Heating & motive power (including lighting)BBMP area for 67HP & above (inclulding
demand based lariff) - LT 5(a)iv
other than BBMP area upto and below 5HP LT 5(b)i
other than BBMP area for above SHP &
below 40HP (including demand based tariff )LT 5(b)ii
other than BBMP area for above 40HP &
below 67HP (including demand based tariff )LT 5(b)iii
291
Heating & motive power (Including lighting)

other than BBMP area for 67HP and above
(inclu,ii~g demand based tariff)- LT 5(b)iv
25
LT 5B
27
61.154
53,64,79,333
48,96,92,523
61.155
37,19,32,802
31,68,07,760
61.156
92,67,85,396
93,22,07,738
61.157
94,72,05,340
87,46,47,008
61.158
10,80,20,134
15,06,82,171
61.171
3,59,35,52,605
3,17,72,03,418
01.172
2.5.....
7..,7,3....
5
2.7 i ,O9,O2,~~7
installations of VPs I TP's and
61.181
HT 2C I
& Local
bodies/KUWS & SB -Water supply
installations -HT 1
tndustires in BBMP area - HT 2(a)i
Industires in areas other than BBMP area HT 2(a)ii
Revenue from sale of power - Govt, hospitals
& Hospitals run by charitable institution,
Educational institution
Revenue from sale of power - Govt. hospitals
61.250
61.260
61.261
61.263
---_ .._,
!, ~T2 S!!
:~~:;~
HT.2BI
7~S
21868590304
295203781
37 HT 2B II
1485830614
38 HT3AI
38258365
39 HT 3A II
135190
40 HT 3B
61.289
2731111
664776
Resldentlat apartments and colonies of

BBMP Area HT 4 (a)
61.290
757713834
Residential apartments and colonies Urban

Locat Bodies other than HT 4 (a) - HT 4 (b)
61.291
25069685
E 1.292
6078112
III
61.901
61.902
66152
10309711
61.903
61.904
Delayed payment charges from consumers.

6 Other Receipts from consumers
7 Registration fee towards SRTPV connection (Solar
8 Facilitation fee towards SRTPV connection (Solar
471466126
61.905
61.906
61.907
61.908
5251 88271
-_ ..._._
312
e
....
BANGALOREELECTRICITYSUPPLY COMPANY LIMITED
COM
Interest Others
Interest Income:
Other non operating income
Profit on sale of stores
Rent
Incentives received
1314 38 ?4~
62.330
79.573
62.901
62.907+62.3
61+62.911+
62.922+92+
923+62.361
+62.918
provision made in prior period which is no longer

62.325
62.905
62.917
62.916
9827389
90 28905
141 2910634
1288769722
1448791
4103
468279
29667
2702004
262332
26692
o C4 78
Revenue from sale of power - HESCOM -Enerqy balancingat

IF poitandabove33KV
Revenue from sale af power - GESCOM -Energybalancingat
2
IF pottandabove33KV
1289665313
Revenue from sale of power - CESC -Energybalancingat IF
G~.:~:
Revenue from Inter Escom exchange of energy charges 11KV - LT
4
HESCOM
61.314
Revenue from Inter Escom exchange of energy charges 11KV - L T

GESCOM
61.315
Revenue from Inter Escom exchange of energy charges 11KV - LT

MESCOM
Revenue from Inler-ESCOM exchange of energy cahrges 11KV &
CESC
63 20 ~5 3g~
61.316
1 40 87 965
61.317
1733041
61.3
313
BANGALORE ELECTRICITY
SUPPLY COMPANY
LIMITED
17527645
2785 059
117397007
67 07 700
113700
30 10 487
6
7
5972814310
stan vveirare expenses

Compensation for injuries. dealh and damages Siaff
Worl<men compensation
Payme' I under workmens compensation Act
Payment to helpers/employees of Monsoon ~ang
6
Employees cost charged 10capital ~"rI<s (Credit Account)
75.700
79.530
75.629
75.630
75.900
5657770463
314
BANGALOREELECTRICITYSUPPLY COMPANY LIMITED
315
BANGALORE
.ELECTRICITY SUPPLY COMPANY
LIMITED
316
BAN GALORE ELECTRICITY
SUPPLY COMPANY
[Depreciation
on other Civil Wor1<s
[Depredation on Plan I and Machinery
77.150+151
[Depreciation on lines, cable, networketc.,
77.160+161
[Deprectauon
on Vehic'es
77.170+171
[Depreciatior
on furniture, fixtures
[Deprecrauor
on Office eqc:;pments
77.180
77.190+191
1.E:...ess provision for Depreciation in prior period

2. Excess/short provision for Interest & Finance charges
3.0ther excess provision in prior period
B
Oebits reloiih'9 to eartler years :

1. Employee costs relating' to previous year
83.500
2. Oepr9r::iationunder providedin previous period

3.lnterest and other finance charges relating to previous
83.600
83.700
LIMITED
iii
317
BI5COM
Note 30: GENERALNOTES
30.1 Share Capital

30.1.1 Government of Karnataka has disbursed Rs.340.96croreduring the period
from 2009-10 to 2011-12 as detailed below which was held as Share
Deposit till the time it was converted to Share capital in FY2011-12:
.
Year
2004-05
Amount (in crore)
Reference
0.01
GO DE48 PSR 2003/424

dated TS/06/2004
2009-10
32.00
GO EN95 PSR 2008 Dated

01/09/2009
2009-10
118.00
GO EN67 PSR 2009 Dated

01/03/2010
- --ZQ09-1Q-.-- .' . ......._ .......-_ .......Go,.Q{)_ .__.._.._.. _- GO-EN67P-SR-2009-D-ated-
31jU3/2010
2010-11
25.00
GOEN 13 PSR 2010 Dated

22/12/2010
2010-11
63.45

30/03/2011
2011-12
22.50
21/09/2011
I
2011-12
20.00
(P3 Part I)

21/09/2011(P3
Part II)
318
30.1.2 Government of Karnataka has disbursed certain amounts towards equity
investment which is kept under Share Deposit which will be converted to Share
Capital on completion of procedure. The details of Share Deposit received as on
FY14-15is as under:
2012-13
37.50
Illnder
20.00
share
40.00
GO EN 30 PSR 2012 Dated

16/07/2012
deposit
29/01/2013
Account)
21.58
2013-14
30/03/2013
2013-14
14.00
ii6/U9/Z013
GO
EN
PSR
2013
Dated
23/09/2013
2014-15
10.00
27.12.2014
2014-15
-- ----_ ...._--- - _,_. _, _. - .--
..
8.00
_---._---- -- _._-------------------
I
30.2
I DIal
--_.
---
..

_-_ .._--_ .._-_._-_. __ .._----- rOI.03~Oi5-------- ---.- _. -----. __ ._---_ .._-
.._ --- ._..
i:>1.08
-_._--, .. ---
-._-- .... .... -_-_-----_---
Loans
30.2.1 Certain secured/unsecured
loans received in the earlier years have been
accounted based on the intimations received from the KPTCL.The loans

are not availed in the name of the company, instead a certain portion of
the loans availed by KPTCL from various institutions
have been
transferred to BESCOMand arc reflected in the books of the company.

The interests on such loans are also accounted based on intimation by
KPTCLexcept certain loans directly borrowed by the Company.
30.3 Fixed Assets & Depreciation
30.3.1 The fixed assets
are accounted
vide Government
of Karnataka
Notification mentioned in the company overview at cost of assets in

Gross Block and accumulated depreciation on such assets till the date of
transfer and the depreciation has been provided accordingly every year.
-----.-,._,.
319
30.3.2 The company does not consider the period of fixed assets utilized by
KPTCL for computing the remaining useful life of the fixed assets
transferred from KPTCL.
30.3.3 The company has not reassessed the revised useful life of the assets
based
on
the
notification
7/145/160/2008-CERC
of the
dt.
CERC (Notification
19.01.2009)
stipulating
the
no.
L-
revised
depreciation rates. The company charges depreciation based on the

rates notified by the CERCprospectively.
'.)f'
"") A
JV.~',"1"
rrL. ..... ~-~_-_ .....

~
.....
~__ .....
.:11
I11t:: \"'UIU11ClllY ;)LUI
.:...,
I;)
!.......
"-t...
111
............... ,,-................._
LlIt:
111U\..t::;);)
....c
VI
_1-.L. .... z , .... .:~_

VULClllll115
"']"''''-_.':1_
Ut::LClIl;)
.....c
VI
......
1_ ....
lllt:
__
identification, location, situation, description and the extent of transfer

of titles in its favour in respect of movable, immovable and leased assets.
30.3.5 The assets have been recorded as assigned specifically by KPTCL.In case
----_.._of.certatn__
bJJiJdings_titLe_d_e_e_ds_Lelattng.J:Q_la_nd _(IncludingLease
_HoJd1_.
related costs that the company may incur with regard to such transfer of
titles are not ascertainable and not provided for by the company
30.3.f
Income/expenditure
arising out of maintenance cost and payment of
rent in respect of assets (land and buildings)of common use is as per
30.3.7 During the year an amountof R::,.11050 38 514 representing the amount
of depreciation
computed
on the cost of assets
contribution/ from Consumers is adjusted
funded through
320
30.45undry Debtors:
30.4.1
The break-up of the provision for bad and doubtful debts as against the
total receivables as on 31-03-2015
is as under:
Rs. in Crore
51.
Particulars
No.
particulars
2014-15
Opening
Provision against permanently
161.91
disconnected
ills~i:illCttiullS
..
01-
Balance
06-2002.
2013-14
(As
per
c
Government:
UI
Karnataka order)
(a)
On
account
provisioning
of
as
2
Accounting
Policy
4%
per
provisioning
LT
HT
per
97.58
--------t-categary_and_others______
on account
(1)
of
?I-uvi:;iull
of
__ _
U1I
identified
-consumers.-------
3
Long
as
Accounting Policy - LT
account
identified
of 4%
106.33
.category.and.others
(b) Provision
(a) On account
HT
-consumers.-Long
----"_----
disconnected
disconnected
installations
II
installations
On account
of arrears
On account of arrears of IP set
973.56
installations.
of Bj/KJ
and
iP
set
......
-..........
':J /
,...
o.o o
installations.
Total
Company
considered
the same
quantum
I
I
1241.80
has continued
,I
1233.05
for long disconnected
installations
doubtful of realization and Provision for Bad and doubtful debts is provided
accordingly and as per prudent policy.
30.5 Inventories, Stores and Spares
30.5.1
In case of purchase
of inventories,
differences between the purchase
if standard
rates are adopted, the
rates and standard
rates of materials
321
are debited or credited to material cost variance account, which is
charged/ credited to Statement of Profit and Loss at the end of the year.
30.S.2 The Company has accounted separately excesses/shortages
found on
physical verification of inventories which is pending final investigation

and adjustments are yet to be carried out by the company.
30.6 Pension, Gratuity and Leave Encashment

30.6.1 Allthe employees of the Company art; on deputation from KPTCL.
30.6.1 As per 'KPTCLand ESCOM'sPension & Gratuity Trusts' Order No.. KPTCL
& ESCOMsP&G TRUSTS/KC0123/P7/2011-12/CYS07
dated 27THMay-
13, provision towards Pension has been calculated at 30.00%of Basic +

DP and D.A.and provision towards gratuity has been calculated at 6.01 %
of Basic + DP for FY 2012-13based on actuarial valuation made as at
---,_- ----------. - .. _---_ .._-----------------.-----------------_-------_----------
.._----------------------------------------_---------------------------
31.03.2009. However, no actuarial valuation has been made for the year
ended 31.03.2013
30.6.2 In case of leave encashment, the company has estimated the earned leave
encashment of eligible employees and the same has been provided in the
books of accounts.
30.6.3 No actuarial valuation has been made in respect of any employee benefits
for the financial year 2014-15
30.6.4
The amounts provided in respect of Pension, Gratuity and leave

encashment have not been fully funded during the year.
3 0.7
Contingent Liability/Asset
30.7.1 The company is unable to ascertain the estimated amount of contracts
remaining to be executed on capital works due to the large volume of
transactions of the company.
322
30.7.2
Income tax demand
disputed
in appeals
is RS.91.15Crs is shown
as
under: (Previous year; Rs.91.15Crs)

51
Pending Before
Period
Amount (In
No
1
Crs)
CIT,Appeals(I), Bangalore
AY
12.56
2U04-0S
Tribunal order issued in favor of IT AY

Department. The company has filed a Writ
Petition
61.07
2005-06
in the Honble High Court of
Karnataka against the Tribunal Order

3
CIT,
Appeals(l),
Bangalore
for AY
Dis-allowance of expenses of Rs. 7.52 Crs.

4
CIT,Appeals(I), Bangalore
----
2009-10
AY
17.52
2010-11
Total
._--_._._-_ ..-. - -_.- .._- _. __ .. _-_ ---_._-
._--_._-
_ _--------------------------------_
..
::JV./.::J
.._-----------------_._--
Tile Ldlill! dLe~ VI puvvei .fJ1.nd!d~e~

KPCL have been provided
91.15
----._-_._--_._---------._----
1((Jill
DTPS 2
dnU
RTPS - 8':..': Ulli LVI
based on the Power Purchase
Agreement
(PPA) which is pending for approval by the KERC. Additional liability, if

any, shall be accounted on final approval from the KERC.
30.7.4
The Tariff of UPCLhas been determined by CERC& issued final Tariff order
on 20.02.2014. However this order has been again disputed before
Appellate Tribunal for Electricity (ATE). ATE had issued interim order to
admit the bills as per CERC final order from Feb -2013 to Mar .2014 &
onwards. The orders for payment from Nov 2010 to June 2013 as per CERC
final order is still pending. Hence, Rs.197. 76 crore has been accounted for
the period from Feb13 to Mar 14 duly withdrawing the earlier provisions of
Rs. 344 crore.
30.7.6
Interest claimed by KPCL on belated payments up to FY 2014-15 is under

dispute and hence not provided for Rs. 700.85 crore (Previous year Rs.
545.12 Crore)
30.7.7
Letter of Credits given in favor of power generators
remains same at
Rs.423.31 Crores (Previous year 423.31 Crore]

30.7.8
Interest Claims in respect of UPCL is not provided as final orders from

CERCis disputed before ATE.
323
30.7.9
BESCOMis allowing Moisture corrections upto the permissible ceiling limit

as agreed in PPA & FSA (12% or 15% as per coal coalaries), over and above
the permissible limit is neither admitted nor accounted in the books which
is also having the concurrence of KPC.
3071 () Vieil;:mre
r;=lSi"<:;:Jri" r~ndiT1e
nf Cll<:tOTDPfSin.<:tClllations in va rio ux
in respect
forums and the amount is not ascertainable at this stage.

30.7.11 The Details of zone-wise appeal cases periding as at 31-3-2015
are as
follows:
51.
No.
Particulars
CUlu{.t.N
BMAZ
BRAZ
CZ
Total
348
83
31
462
2326.76
95.88
39.33
2461.97
1 YEAR
No. of Appeal
cases
pending as on 31-03-2015
Amount
Lakhs)
(Rs. in
involved
PREVIOUS YEAR
---~----I--~~~d~:-as
4
Amount
Lakhs)
30.7.12
109
~~~~~~3~2~1~a- _____
_954_____ ----- ------
(Rs. in
involved
Transmission
recognized
at
transmission
paid
the
Charges
19.42
paise
2511.21
36.41
91.69
2383.11
payable
493._--------------_---_----1----30----------
to KPTCL for FY 2006-07

per
KWH.KPTCL had
has
initially
been
claimed
charges at 26.23 paise per KWH and the company had also
transmission
charges
at
26.23paise.
However,
KERC has
challenged the rights of KPTCL to charge any sum exceeding 19.42 paise
towards
transmission
charges
and the matter
is pending
before
the
Hon'ble Supreme Court in an appeal filed by KERC against the order of ATE
New Delhi. Currently, the company has accounted such excess sum paid to
KPTCL of Rs125 crore as receivables
from KPTCL under other current
assets pending the decision of the Hon'ble Supreme Court in this regard.
30.8
Inter Unit Accounts (IUA)

Inter unit accounts are subject to reconciliation/adjustments
to the extent
of Rs. 114.96 crs (Credit), ( Previous year 35.19 crore (Credit). The exact
324
impact distinctively on the Statement of Profit and Loss and Balance Sheet
is not readily ascertainable.
30.9
Free Lighting
Difference between
power purchase
lighting provided to the employees

deputation
cost and subsidized
rate on free
of KPTCL, including employees
on
to BESCOM in the service area of the Company is treated
expenditure
as
in the books of the Company.
30.10 Electricity consumption of Company'soffices

Self-consumption
in respect of company offices are accounted
at retail tariff rates and the same is treated
as Revenue
as expense, except ,to the
extent of unbilled revenue.
30.11 Rebate for having collected electricity tax from consumers
amounting
to
_________________________________
~
Rs_,-2_,_2.6_CLQLe_Cp_r_e_v_iQ_u_s_y-e_a_LRs_,_2_._(i6__cro_re)_at_Q_,_5_o/Q~wjtb
__effect.frcm ----- ---
accounted in Other Non-operating
Income, which is to be received from
Government of Karnataka.
30.12 ManagerialRemuneration
Managerial
remuneration
is included
in employee
costs
and other
expenses and the details are as follows:

I
For the year 2013-14
For the year 2014-15

Expenses
Managing
Director
Director
(Tech)
Director
(Finance)
TOTAL
Director
468316
1113372
1214
1659783
3500
261663
412538
1788787
Director
(Tech)
Director
(Finance)
(Rs)
(Rs)
and
Salaries
allowances
Ex-Gratia
(House
Others
Orderly
Allowances 1
Medical & Other
Allowances
Managing
1013112 [Zmonths]
151426-3
3500
1214
3500
266730
265044
181437
245748
237243
61577
122354
32376
2167256
1343233
773321
1795887
910244
3500
120141
248324
1282209
325
30.13
Expenditure in foreign currency:

Current year
Previous year
Fore ign exchange expense s I---'--'-N':'___:_I

~L~:":'::_-+-N--"-I--"-L~::"'::_:__:_=_'~:::'=_-I
30.14
Additional Information
Quantitative details of power purchase, distribution
loss and sales (as compiled /
certified by the Management):

Details of sale of energy and Distribution
Loss for the year 2014-15 (April-14 to
March -15) are as follows:

Energy in MU
Distribution Loss
Previous year
Current year
51 No.
Particulars
Total Energy at Interface

Point ((From 1-04-2014
to 31-03-2015)
28261
26786
Total metered sales
18677
17827
Total un-metered
5759
5238
sales
----4---- -'FotCl:J.--5-ales-tZ+-3-)------ ----------2-4-436- --------------2-3-065-,...
~'.,'
Ul:'UlUulllJlllUSS
Percentage of
Distribution Loss (5/1)
'1._
"
__
1.
,. ....
0""\1')""-
A"'\
lj_-'-t)
..... ,~"'"\A
.JOL.J
::J1L.j_
13.53
13.89
In respect of Un-metered category of installations,
---
Energy consumed has been
assessed as follows:
BJ / K] installations:
KERC has approved
to assess the units consumed
BJjKJ category of consumers at 18 units /monthj
IP sets consumption
assessment
Distribution Transformer
by
installation.
is based on sample readings
recorded
Centers taking secondary line loss at 10%.
at
326
Transmission Loss:
E nergy In
. MU
Sl
No.
1.
Total Energy purchased

at Generation Point
(From 1-04-2014 to 3103-2015)
L.'7'"tL.')
L./'J.O
Total Energy at Interface

Point ((From 1-04-2014
to 31-03-2015)
28261
26786
Transmission Loss (1-2)
1162
1142
Previous year
Current Year
Particulars
")_""""'1'""'1
r'\E"'\Ar'\'"
Percentave of
I Transmis""sionLoss (2/1)
--
3.Y~
4.UY
30.15 Related Party Transactions

There are no transactions during the year with related parties (other than the
transactions between state-controlled enterprises which is under the control of
--- ------ --.--- -------the--eentrcrl-GuvernnTerrt-andjortlreanyState-C
overrrrrrenttsrj -----------------------------
30.16 Small and Medium Enterprises

Amount due to Small and Medium Enterprises as required under the Micro, Small
and Medium Enterprises Development Act, 2006 are not ascertained due to lack
of information. The company has not received any confirmation from registered
suppliers as of date, in respect of which disclosures are required to be made
lln,.la,.
""'-44\...&.'-.4
I'ha
......... '-
",..,i,.l
o..J""""'~
'".1r-t........ L.
ThUS
",1
J
the cornnanv
has not nrovided
any
interest
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'-4'-"\,A,.........for
...
..... --_ .....\..J. '-
J.
.lJ......
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pertaining to sums that may be payable to SMEs,if any.
30.17 Segment Reporting

The company neither has more than one business segment nor more than one
geographical segment, hence segment reporting as required under AS --17 is not
applicable for the company.
327
30.18 Deferred Tax
The company has not recognized any deferred tax asset/liability
as its income is
exempt from tax under sec BOlA of the Income Tax Act, 1961. The company
neither
provides
timing differences
that would reverse
after the tax holiday
period. However, the company shall provide for deferred tax subsequent
holiday period. The quantum
of such non-provisioning
to its tax
for deferred
tax is not
readily ascertainable.
30.19 The revenue from retail consumers are recognized
based on KERC Tariff order
2014 dated 12-05-2014 .
..
._.30.2JL True-u ILTa.rifLS..u.bsi_dy.__ ._.__ .__._ .....
. .__
A sum of Rs.524.53Cr accounted as income on account
of true-up
accrual basis yet to be released
of Karnataka
from the Government
subsidy on
towards
additional true up tariff subsidy relating to the FY 13 as per the tariff order of the
KERCdated 12 05 14. (Previous year Rs.524.53 Crs)
30.21 The company has not obtained confirmation
of balances
other ESCOMS, KPTCL, KPCL, PCKL, sundry debtors,

from
suppliers/contractors/government
contractors/suppliers,
deposits
and
sundry creditors,
authorities,
advances
from
advances to employees (past and current employees),
as on 31.03.2015
etc,
deposits
advances
consumers,
loans
and other receivables
various parties and are subject to reconciliation/adjustments,
if any.
from
to
and
from
328
30.22 Prior period income
Certain items grouped under prior period items in the previous year which did
not involve an act of error or omission are regrouped under other appropriate
heads.
30.23 Previous year figures have been regrouped /rearranged
wherever necessary to
meet the requirement of schedule III of the Companies Act, 2013.
30.24 Earnings per Share
Particulars
761031 342
1134436294
Net Profit /Loss after tax ( In Rupees)
5469 15 100
546915 100
Weighted average no. of equity shares

~asfcTa-rnTngsper-snare-TIri~upeesl-----
Previous Year
Current Year
f--._-
---Z:OT
~-.
.~
--
+.
LJ9
Diluted Earnings per Share (In Rupees)
30.25 Pursuant to the observations made by Comptroller & Auditor General of India under
relevant section of the Companies Act, 2013, the accounts approved by the Board of
Directors on 25/07/2015 have been revised. The Accounts are revised to incorporate
the observations made by the Comptroller & Auditor General of India on the financial
statements and books of account of the company. The impact of the revision in the
accounts of the company is stated below.
329
Net impact of revision on the accounts
(Rs. In Lakhs)
Debit
Particulars
SLNo.
1
2
P & L Statement
Increase in expenditure / Decrease in Income
Decrease in expenditure/ Increase in Income
2051.01
Total (1 to 2)
2051.01
Credit
38.12
38.12
Balance Sheet
2012.89
Net Decrease in profit (1-2)
Increase in liability
Decrease in liability
257.84
Increase in assets
9698.55
Decrease in assets
Total (4 to 8)
As per our report even date
3454.35
8514.93
11969.28
11969.28
for & on behalf of the board/company
uprasad.~~
pa~~pandey
Director (Finance) Managing Director
Place: Bangalore
Date:
18 CA ,:<o1r
. I
13th Annual Accounts
2014-15
',_,
~
il
'l.
'I,
.__ ..._
--
__ .. --_ ..._-------,._----
._----------
_---------
Consolidated Financial Statement
Bangalore Electricity Supply

Company Limited
331
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA
UNDER SECTION 143(6)(b) READ WITH SECTION 129(4) OF THE
COMPNIES
ACT, 2013 ON THE
CONSOLIDATED
FINANCIAL
STATElVIENTS OF BANGALORE ELECTRICITY SUPPLY COlVIPANY LIMITED,
BANGALORE FOR THE YEAR ENDED 31 MARCH 2015.
The preparation of consolidated financial statements of Bangalore Electricity
Supply Company Limited, Bangalore for the year ended 31 March 2015 in accordance
with the fmancial reporting framework prescribed under the Companies Act, 2013 is the
responsibility of the management of the company. The statutory auditor appointed by
the Comptroller and Auditor General of India under section 139(5) read with section
129(4) of the Act is responsible for expressing opinion on the financial statements under
section 143 read with section 129(4) of the Act based on independent audit in
accordance with the standards on auditing prescribed under section 143(10) of the Act.
This is stated to have been done by them vide their Audit Report dated 18.09.2015.
I, on the behalf of the Comptroller and Auditor General of India, have conducted
a supplementary audit under section 143(6)(a) read with section 129(4) of the Act of the
- .._-- ----_- _--_._-----------_
..
consolidated fmancial statements of Bangalore Electricity Supply Company Limited~~------Bangalore for the year ended 31 March 2015. We did not conduct supplementary audit
of the fmancial statements of Power Company of Karnataka Limited, Bangalore for
the year ended on that date.
This supplementary audit has been carried out
independently without access to the working papers of the statutory auditors and is
limited primarily to inquiries of the statutory auditors and company personnel and a
selective examination of some of the accounting records.
In view of the revisions made in the financial statements by the management, as
a result of my audit observations highlighted during supplementary audit as indicated in
the Note No. - of consolidated financial statements, I have no further comments to offer
upon or supplement to the statutory auditors' report, under section 143(6)(b) read with
section 129(4) of the Act.
c .... ',to!.
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'-."~
,~.~-.-xuditor ,--:'",
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L-ornptrouer
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v,
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(BI.JJT KUMAR MUKHERJEE)

B::\T'\g31nro,
Date:
.09.2015
ACCOUNTAi'i"T GE1';-ER~L
(ECONOMIC & ~VENUE SECTOR ALinIT)
KARNATAK~,BANGALORE
Q/.!J( cM'tanjan 5- Co.
2226,.FA9
Office
222~
.Telefax : 2291 0027
---------~--------------~.~~.
..
H.O. : Kurubara Sangha Building, 202 & 204, Kanakadasa Circle, Kalidasa Marga,
Gandhinagar, BENGALURU - 560009. E-mail: vkniranjan_co@yahoo.com
Ref. No.:
Date :
B-5042.1PI1976112015-16
INDEPENDENT
STATEMENTS
TO THE
LIMITED
18/09/2015
AUDITOR'S
MEMBERS
OF
REPORT
ON THE
BANGALORE
CONSOLIDATED
ELECTRICITY
SUPPLY
FINANACIAL
COMPANY
Pursuant to the observations made by Comptroller and Auditor General of India under section
143(7) of the companies Act, the accounts approved by the Board of Directors on 15.09.2014
have been revised, this report supersedes our earlier report dated 03.08.2015. The report is
revised to incorporate the observations made by the Comptroller and Auditor General of India on
the financial statements and books of accounts of the company. The impact of the revision in the
accounts of the company is stated in note number 30.25
Report on the Financial Statements;
We have audited the accompanying
financial statements of BANGALDRE
ELECTRICITY
SUPPLY COMPANY LIMITED ("hereinafter referred to as "the Holding Company") and its
associate PCKL comprising of the Consolidated Balance Sheet as at 31 March 2015. the
Consolidated Statement of Profit and Loss, the Consol idated Cash Flow Statement for the year
then ended, and a summary of significant accounting
policies and other explanatory
information(hereinafter
referred to as "the consolidated financial statements").
Management's Responsibility for the Consolidated Financial Statements;
The Holding Company's Board of Directors and management is responsible for the preparation
of these consolidated financial statements in term of the requirements of the companies Act 2013
(hereinafter referred as the Act) that give a true and fair view of the Consolidated financial
position, Consol ida ted f nancial performance and Consol idated cash tlows incl ud ing its
associates in accordance with the accounting principles generally accepted in Ind ia, including the
Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014. The respective board of directors of the companies included group are
responsible for maintenance of adequate accounting records in accordance with the provision or
the Act for safeguarding of the assets of the Company and for preventing and detecting the
frauds and other irregularities; selection and application of appropriate accounting policies;
making judgments and estimates that are reasonable and prudent; and design, implementation
<1!.!J(. e:Mtanjan. & t!c,.
333
and maintenance of adequate internal financial control, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the preparation
and presentation of the financial statements that give a true and fai r view and are free from
material misstatement, whether due to fraud or error, which have been used for the purpose 0 f
preparation consolidated financial statements by the directors of the Holding company as
aforesaid.
Auditor's Responsibility;
Our responsibility is to express an opinion on these consolidated financial statements based on
our audit. While conducting the audit, we have taken into account the provisions of the Act, the
accounting and auditing standards and matters which are 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 obtain reasonable assurance about whether the consolidated financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the consolidated financial statements. The procedures selected depend on the
auditor's judgment, including the assessment of the risks of material misstatement of the
consolidated financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant to the holding Company's
preparation of the consolidated financial statements that give true and fair view in order to
design audit procedures that are appropriate in the circumstances but not for the purpose of the
expressing an opinion whether the holding company has an adequate internal financial control
system over financial reporting in place and the operating effectiveness of such controls. An
audit also includes evaluating the appropriateness
of accounting pol icies used and the
reasonableness of the accounting estimates made by holding Company's board of Directors, as
well as evaluating the overall presentation of the consolidatedfinancial
statements.
We believe that the audit evidence obtained by us and the audit evidence obtained by the other
auditors in terms of their reports referred to in sub-paragraph (a) of the other matters paragraph
below, is sufficient and appropriate to provide a basis for our audit opinion on the consolidated
financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to LIS.
the aforesaid consolidated financial statements, give the information requireci by the Act in the
manner so required and give a true and fair view in conformity with the accoLll1til1g_-P.fin~iples
~(r(~~
QI.9( dVltanjaJZ & 6.
334
generally accepted in India of the consolidated state of affairs of the group, its associates as 31.
March 2015, and their consolidated profit/lossand their consolidated cash flows for the year
ended on that date.
Other matters
a. We did not audit the financial statements of PCKL, whose financial statement 1 financial
information reflect total assets of Rs.199,88,50,32 1/- as at 3 pt March 20 IS, total revenue of
Rs.2,47,27,4 19 and net cash flow amounting to Rs.35,07,28,283/- forthe year ended on that
date, as considered in the consolidated financial
statements. The consolidate financial
statements also include the group's share of net profit of Rs. 52,40,518/- for the year ended
31st March 2015, as considered in the consolidated financial statements, in respect of PCKL
associates, whose financial statement I financial information have not been audited by us.
These financial statements 1 financial information have been audited by the other auditors
whose reports have furnished to us by the management and our opinion on consolidated
financial statement in so for as it relates to the amounts and discourses included in respect of
these associates, and our report in term of sub section (3) and (II) of section 143 of the act,
in so for as it relates to the aforesaid associate, is based solely on the reports of the other
auditors.
Our opinion on the Consolidated
financial statements, and our report on the legal and
regulatory requirements below, is not modified in respect of the above matters with respect
to our reliance on the work done and report of other auditors and financial statements /
financial information certified by the management.
Report on other Legal and Regulatory
Requirements
I. As required by the Companies (Auditor's Report) Order, 2015 ("the Order"), issued by
the Central Government of India in terms of sub-section (11) of Section 143 of the Act,
based on the comments in the auditors' reports of the Holding company and associate
company incorporated in India, we give in the Annexure a statement on the matters
specified in paragraphs 3 and 4 of the Order, to the extent applicable.
2. The associate company's auditor observed that, the associate company has not conducted
"Audit Committee" meeting during the year, which violates the provisions of Section
177(4) of companies Act 2013.
3. The associate company's auditor observed that, the associate company has not appointed
"Independent
Director" during the year, which violates the provisions of Section
Q!.9( tCiVtltanjan & C!o.
335
4. The associate company's auditor observed that, the associate company has not issued
seven days prior notice for "Board Meeting" which violates the provisions of Section
5. The associate company's auditor observed that, the associate company has not appointed
"Company Secretary" during the year, which violates the provisions of Section 203 of
companies Act 2013.
6. The associate company's auditor observed that, the associate company has not
deducted"TDS
on interest" remitted to ESCOM's as per the provisions of Section
194(A) ofIncome Tax Act, 1961.
7. As required by section 143(3) of the Act, we report to the extent applicable that:
a) We have sought and obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purposes of our audit of the aforesaid
consolidated financial statements
b) In our opinion proper books of account as required by law relating to preparation

aforesaid consolidated financial statements have been kept so far as it appears from our
examination of those books and the reports of the other auditors.
c) The reports on the accounts of the associate company incorporated in India, audited under
section 143(8) of the Act by associate company auditors have been sent to L1s/the other
auditors, as applicable and have been properly dealt with in preparing this report.
d) The Consolidated Balance Sheet, the consolidated Statement of Profit and Loss, and
Consolidated Cash Flow Statement dealt with by this Report are in agreement with the
relevant books of accountmaintained for the purpose of preparation of the consolidated
financial statements.
e) In our opinion, the aforesaid consolidated financial statements do comply with the
Accounting Standards. Specified under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014.
f) On the basis of written representations received from the directors of the Holding
Company as on 31 March, 2015, taken on record by the Board of Directors of the
Holding Company and the reports of the other statutory auditors of its associate company
incorporated in [ndia. None of the other directors of its associate company incorporated
in India is disqualified as on 31 March, 2015, from being appointed as a director in terms
of Section 164(2) of the Act.
<V!l(. e:NiJf4l2IDJl & eo.
336
g) With respect to the other matters to be included in the auditor's report ill accordance with
rule 11 of Companies (Audit and Auditor's) Rules, 2014, in our opinion and to the best of
our information and according to the explanations given to us.
i)
There were no pending litigations

position of the group, its associates.
ii)
The group and its associatesdid not have any material foreseeable
term contracts including derivative contracts.
iii)
which would impact the consolidated
losses
financial
011
long-
There were no amounts which were required to be transferred to the Investor

Education and Protection Fund by the holding Company and its associate company
Incorporated in India.
Place: BENGALURU
Dated: 18/09/2015
FOR V K NIRANJAN & CO

Iv
CA NIRANJAN
PARTNER
M No. 021432
V K
rtI.!J(. dVltanjan. & Co.
337
ANNEXURE TO THE AUDITORS' REPORT

The Annexure
ELECTRICITY
referred
SUPPLY
to in our
COMPANY
report to the members

of BANGALORE
LIMITED ("the Company") and its associate
company for the year ended 31st March 2015,we report that;
i)
In respect of Fixed Assets of Holding company and its associate company:
a. The holding company has maintained records, but particulars like quantity and situation
of all the fixed assets are not maintained. The Company is yet to obtain title
deeds/relevant documents of certain lands/buildings reflected in the note lOin relation
to fixed assets.
In case of associate company it has maintained proper records showing
particulars including quantitative details and situation of fixed assets.
full
b. As explained to us, the company has physically verified items falling under category of
Office Equipments, T&P materials (Almairahs, Chairs, and Tablesetc.), Computer and
Peripherals, Vehicles, Buildings and Civil works at regular intervals. Based on the
information and explanations given to us by the company, they have not noticed any
material discrepancies on such verification as compared with the limited records
available.
However, the company has not conducted a physical verification in respect of plant
Scmachinery and lines & cables during the year. Hence we are unable to comment on
the adequacy or otherwise of the regularity of physical verification of such assets.
In case of associate company all the fixed assets have been physically verified by
the management in a phased periodical manner which is reasonable having regard
to the size of the company and the nature of its assets.
ii)
In respect of inventories of Holding company and its associate company:
a. In respect of Holding company, as explained to us, inventories lying in the stores

of the company have been physically verified by the management during the year.
In our opinion, frequency of verification is reasonable, whereas in case of Associate
Company it did not hold inventory during any day of the financial year. ~"
<\?}I J~'\i <,
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Q!.9( dV~0J1. 5- Co.
338
b. In our opinion and according to the information and explanations given to us, the
procedures of physical verification of inventories followed by the management are
reasonable and adequate in relation to the size of the company and the nature of its
business.
c. The holding company is maintaining proper records of inventory situated at
company's premises. As explained to us, there were no material discrepancies
noticed on physical verification of inventories as compared to the book
records.HoweverJ the minor discrepancies of inventories are accountedfor in the

books of account (Excess stock of Rs2.46crore and a shortfall of Rs 1.84 crore net being excess Rs. 0.62 crore).
iii)
The Holding company and its associate company have not granted any loans,
secured or unsecured to company, firms or other parties covered under section
189 of the Company Act, 2013 by the respective company.
iv)
In respect of Holding company, in our opinion the existing internal audit

system is ineffective and not commensurate with the size of the company and
the nature of its business, due to lack of proper Internal Audit Reports,
presentation, periodicity, inadequacy of coverage of inventory. There is no
internal control system relating to store maintenance, fixed assets accounting
with proper classification details. Whereas the opinion of other auditors and
according to the information and explanation given to them, there is an
adequate internal control system commensurate with the size of the associate
company and the nature of its business with regard to purchase of fixed assets
and with regard to the sale of services. During the course of our and the other
auditors audit, no major weakness in such internal control system has been
observed.
v)
According to the information and explanations given to us and the other

auditors, the Holding Company and associate company incorporated in India
have not accepted any deposit during the year and accordingly the question of
complying with Sections 73 and 76 of the Company Act, 2013 does not arise.
vi)
According to the information and explanations given to us and the other

auditors, in our opinion and the opinion of the other auditors, the Holding
Company and associate company incorporated in India have, prima facie, made
and maintained the prescribed cost records pursuant to the Company (Cost
Records and Audit) Rules, 2014, as amended and prescribed by the Central
Government under sub-section (1) of Section 148 of the Company Act, 2013.
Neither we nor the other auditors have, however, made a detailed examination
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Q).!J(. t::MtanJatL & flo.
339
of the cost records with a view to determine whether they are accurate or
complete.
vii)
According to the information and explanations given to us, in respect of

statutory dues of the Holding Company and associate company incorporated in
India:
(a) The respective companies have been regular in depositing undisputed
statutory dues, including Provident Fund, Employees' State Insurance,
Income-tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise
Duty, Value Added Tax, Cess and other material statutory dues applicable
to the respective company with the appropriate authorities.
(b) As at 31st March, 2015, the following are the particulars of dues on
account oflncome-tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty,
Excise Duty, Value Added Tax and Cess matters that have not been
deposited on account of any disputes by the Holding company In respect of
statutory dues:
Name of
Statute
the Nature
dues
of the Amount of tax Period to

(in which the
involved
amount relates
crore Rs)
Forum
dispute
of

1961
12.56
AY 2004-05
CIT, Appeals
(I), Bangalore

1961
Electricity tax
Karnataka
Electricity
on
(Taxation
Consumption)
Act 1959
61.07
AY 2005-06
High Court of
Karnataka
Chief
Electrical
Inspector to
Government
(CEIG),
Bangalore
CIT, Appeals
(1), Bangalore
9.63
F Y 2008-09

1961
(7.52 clf loss)
AY 2009-10
Income tax Act, Income Tax

1961
17.52
AY2010-11
CIT,
Appeals(I),
Bangalore
Q/.!J( dVltan;an & Cle.
340
viii)
The Holding company has accumulated losses at the end of the financial year
and the Group and its associate company have not incurred cash losses on a
consolidated basis during the f1l1ancial year covered by our audit and in the
immediately preceding f1l1ancial year
ix)
In our opinion and the opinion of the other auditors and according to the
information and explanations given to us and to other auditors, the Holding
Company and associate company incorporated in India have not defaulted in
repayment of dues to financial institutions, banks and debenture holders during
the year
x)
In our opinion and the OplOlOn of the other auditors and according to the
information and explanations given to us and the other auditors, the terms and
conditions of the guarantees given by the Holding Company and associate
company incorporated in India for loans taken by others outside of the Group
and its associate company from banks and financial institutions are not, prima
facie, prejudicial to the interests of the Group and its associate company.
xi)
In our opinion and the opinion of the other auditors and according to the
information and explanations given to us and the other auditors, the term loans
have been applied by the Holding Company and, associate company
incorporated in India during the year for the purposes for which they were
obtained.
0
xii)
To the best of 0ur kno wi edge and according to th e inf ormati on and ex pianati ns
given to us and the other auditors, no fraud by the Holding Company and its
associate company incorporated in India no significant fraud on the Holding
Company and associate company incorporated in India has been noticed or
reported during the year.
For V K Niranjan and Co.,
Firrn~o.
002468S
BENGALURU
18/09/2015
C A Niranjan V K
Partner
Membership No.021432
341
BEseOM
CONSOLIDATED SIGNIFICANT ACCOUNTING POLICIES
1.
Company overview
Bangalore
Electricity
company registered
Supply Company
Limited
CBESCOM' or 'the company')
under the Companies Act, 1956 incorporated
is a
on 30th April, 2002
.. and commenced its operations from !Y June, 2002. BESCOM is responsible for power
distribution
in eight districts of Karnataka
Ramanagara, Chickkaballapura,
(namely Bangalore Urban, Bangalore Rural,
Kolar, Tumkur, Chitradurga and Davanagere).
The KERC vide letter dated 30th Sep 2008 has intimated
that as per first provision
of
___ __..__~.~c!i_c!_!1_}_,!~.~_~~e
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..?!? 03_'_?ES.fOl'i_~~~~~?~~_~_!:?~_~Tl2~d
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~Cll.!~_!?
~... _
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period of 25 years from
The Government
05-2002,
J11ne 2004.
of Karnataka published vide their order No. DE 14 PSR 2002 dated 31-
the 2nd Transfer
undertakings
Companies
1_0th
Scheme called Karnataka
of KPTCL and its personnel
Electricity
to electricity
distribution
Rules, 2002) giving effect to the approval
assets and liabilities
and provisional
opening
Reform (transfer
of
and retail supply
of distribution
undertakings,
Balance Sheet of KPTCL and BESCOM
based on the Annual Accounts of KPTCL as on 31-03-2001. As per the provisions of 2nd
Transfer Scheme, after the stipulated
became final.
period of one year i.e., by 31-05-2003,
Opening Balance Sheet earlier approved
Government notification
dated 31-05-2002
and published
the same
vide G.O. and
read above were provisional and thereafter
Government had approved and issued final opening Balance Sheet of BESCOM as at 0106-2002 vide their order No. DE 48 PSR 2003 dated 31-05-2003/No.DE
dated 07 -10-2004.This
has been notified and published as final. The changes effected
after the audit by KPTCL in the "transfer
scheme"
have been incorporated
accounts of the Company as per Annexure - 2 to Government

dated 07-10-2004.
48 PSR 2003,
in the
Order NO.DE48 PSR 2003
342
Basis of preparation
The
Consolidated
financial
statements
of the
(Associate)
are prepared
on accrual
convention
in accordance
with generally
and the relevant
provisions
provisions
basis of accounting
accepted
of the revised
including accounting standards
BESCOM (Parent)
under
accounting
and
PCKL
historical
principles
cost
in' India
Schedule III of Companies Act, 2013
notified thereunder
and also in accordance with the
of Electricity (Supply) Act, 1948/ Electricity Act, 2003 where ever they
are applicable to the company.
3 Use of estimates
The preparation
_____
of Consolidated
financial
statements
requires
estimates
and
assumptions__tha_La_ffu~_t_the_r_eporred.amounr.ntassets, .Jiabili tLe_S,_Le_'ien

u.e__& _
expenses
during the reporting
are made on a reasonable

information,
period. Although such estimates
and prudent
and assumptions
basis taking into account all available
actual results could differ from these estimates
and assumptions
and
such differences are recognized in the period in which the results are crystallized.
Accounting
reviews
estimates
estimates
its estimates
are made
circumstances
3.1
could change
from
and assumptions
to period.
periodically
as the management
surrounding
period
becomes
The management
and appropriate
aware
changes in
of the changes
in
the estimates.
Consolidation procedure
CFS of the group comprising one associate have been prepared on the basis of
(a) Audited Accounts of BESCOM (Parent)
(b)
Long investment
in associates are accounted for under the Equity Method
as per Accounting Standard (AS -23 - Accounting for Investment in Associates in

Consolidated Financial Statement). The Investors share of results of operation of
the Associates is reflected separately in consolidated
Profit & Loss Account.
343
4
Fixed assets and capital work-in-progress
A. TANGIBLE ASSETS
4.1
Fixed assets are carried at cost of acquisition
or construction
less
accumulated depreciation and impairment loss, if any. All costs, including

finance charges, foreign currency
commercial production/intended
fluctuations
use attributable
till commencement
of
to fixed assets are
capitalized.
Expenditure on renovation and modernization of fixed assets resulting in

increased life and/or efficiency of an existing asset is added to the cost of
related assets.
4.3
Released assets are accounted on withdrawal/capitalization
at written-down
..._._._._. .__._._._.__ _._.__. _._yalll.e_(W.D !l}.- ---.__..--.-.-.-_._.

.-. --- - -.- ---.----.-..
.- -_ -..--_.-..- -. .--..--.---.- - -.- -- --.-
B .Intangible assets
4.4
Intangible assets are recorded at the consideration
paid/incurred
for
acquisition of such assets and are carried at cost less accumulated

amortization and impairment, if any.
4.5 Impairment of Fixed Assets;

An impairment loss is recognised wherever the carrying amount of an asset
exceeds its recoverable amount. The recoverable amount is greater of the
asset's net selling price and value in use.
344
5. Cash flow statement
Cash flows are reported

extraordinary
using the indirect method, whereby profit / (loss) -before
items and tax is adjusted for the effects of transactions
of non-cash
nature and any deferrals or accruals of past or future cash receipts or payments.
Cash comprises
are short-term
cash on hand and demand deposits with banks. Cash equivalents

balances (with an original maturity of three months or less from the
date of acquisition),
highly liquid investments
that are readily convertible
known" amounts of cash and which are subject to insignificant
into
risk of changes ill
value.
6. Revenue recognition
Revenue from Operations:
--_ ..__ . -- -_._. -
_._ .._-- -_.-
.- -- ...
,._--,-_._, .._----_._-_._........
6.1
-_.__ .._-_. _-----_._--_. ,._-------_._---._----_.
----_--_-_"_._-_.--_-
__ ._--_.,.._--- ..---.-_----------------
.__ .,--------
-- ----
Sale of power is accounted vii.accrual basis at the tariff rates approved by' the
Karnataka
Electricity Regulatory
Commission
(KERC). Revenue dues from
consumers whose ledger accounts are yet to be opened are accounted on an

estimated basis. The company accounts/discloses
taxes in its statement
revenues net off electricity
of profit and loss.
6.2 Revenue for the year is adjusted by estimating un-billed revenue demand for sale
of power to HT category on actual basis and a specified % on LT category for
the current year.
Other Incomes:
6.3
Income
from
services
agreements/arrangements
6.4 Cash discounts
rendered
is
accounted
based
on
the
with the concerned parties.
on Power Purchases
when the related dues are settled.
prompt
payments
are accounted
as and
345
6.5
Interest income is recognized on a time proportion

the amount outstanding
6.6
and rate applicable.
Revenue grants and subsidies are accounted as stated in para 4.2 above.
BESCOM is
Rs.10.Olcrs
investment
Companies
basis taking into account
having share of 100100 No. of Rs.l000j face value amounting to

as investment made in PCKL which amounts to 49.92% of Share
existing in PCKL and considered as Associate to BESCOM as per
Act 2013.
The Financial impact of Associate PCKL is as under:
r--:-
Details
Particulars
SI.No.
Power Company of Karnataka Limited,

a) Description of Associate
-- _._------- ._ __ ._..
"
"
Bangalore
b) Proportion of Ownership Interest
49.92%
c) Proportion of Voting power
49.92%
--d)-Bate Acquisitiondate----- ------- --------- - -_._------------ ----------11-;01;-201-2------- ------------10.01 CiS

~\
YI I ~-" "''''P'''' investments
"-..J H.CI
.'-VI15
l,.\,;;,;
lit
====1
III
b) Share of Profits or loss of such
investments
I Up to FY14
1.22 crs
For FY15
0.52 crs
Total
1.74 Crs
Capital reserve arising on the acquisition
0.29 crs
,
I--
iii
346
9 Earnings per Share
Particulars
Previous Year
Current Year
Net Profit /Loss after tax ( In Rupees)
113 96 76 814
761031342
Weighted average no. of equity shares
546915 100
546915100
Basic Earnings per Share (In Rupees)
2.08
1.39
Diluted Earnings per Share (In Rupees)
for & on behalf of the board/company
CA.Niranjan.V.K
Partner
ruprasad.B.L
Pankaj Kumar Pandey
FO&Director (Finance)
Managing Director
Place: Bangalore
Date:
t 25 ' CA . 20 1~
347

Consolidated Balance Sheet as at 31 March, 2015
1 Shareholders' funds
(a) Share capital
(b) Reserves and surplus
(A) Capital Reserve
(S) Others
(C) Profit/(Loss)
(D) Revenue Reserve
1
2
54691 51 000
17118986085
1510800000
-4752411 162
1 2223978
138895
142628 07 003
1330800000
-589 20 87 978
11
11
12
13
505749 89 101
48653306
14240748981
383241 16703
27557336
128624 09 702
14
4
15
16
117564496
1001 00000
6244503225
677 79 71013
Sub Total (b)
9701519025
2 Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
3
4
5
6
B
3 Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
7
8
9
10
C
TOTAL (A+B+C)
B ASSETS
Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(v) Fixed assets held for sale
(b) Non-current investments

(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets
2 Current assets
(a) Current investments
(b) Inventories
(e) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
17
18
19
20
21
22
2014244852
6672 06 53 843
1701568735
396541 739
For V.K.Niranjan & Co.

CharteredA~cc_",tants
FRN~/
J~njan.v.K
Partner
M.No: 21432
Place:
Date:
/~AvV"-~1 L ~~
(Pankaj Kumar Pandey)

Managing Director
Place:
Date:
2
3
23
23A

Other Income
TOTAL REVENUE
Expenses
Purchase of Power
er operating expenses
Employee Benefits Expense
Other expenses
Finance costs
TOTAL EXPENSES
24
25
26
27
28
Profits before Depreciation, Prior period items, exceptional items,

extraordinary items, Income Tax (1+2-3)
29
Depreciation
Profit I (Loss) before Prior period items, exceptional and extraordinary

Exceptional items (Expenses(+)lIncome(-)}
Profit I (Loss) before Prior period items, extraordinary items and Tax
-3,044,688,760
34631 69039
1997851796
1261825520
1465317243
-4,306,514,280
30
-4,741,507,
7\
9
10
Prior period Items - {Expenses (+) I Income (-)}

Extraordinary & Prior period items {Expenses (+) I Income (-)}
11
Profit I (Loss) before Tax (8-9-10)
12
Income Tax Expense:

(a) Current tax expense
(c) Deferred tax
(d) Tax expenses relating to prior years
31
32
61 0531
13
Profit! (Loss) from continuing
14
Profit I (Loss) from discontinuing
15
Profit I (Loss) for the year (13+14)
16
Earnings per equity share of Rs. 10 each.

(1) Basic
(2) Diluted
49500
257500000
761031342
1139676
operations (11-12)
operations
761031
1139676814
1.39
2.08
General note (Note No.30) form an Integral part of the financial statements
Place:
Place
Date:
Date:
r:
------------------~------------------------~~~--------------------.
CONSOLIDATEDCASH FLOW STATEMENTFORTHE YEARENDED31ST MARCH 2015
SI.No
Particulars
A
Cash Flow from Operating Activities
Net Profit before Tax
Adjustments for:
Depreciation
Financecost
Extraordinaryitems- Trueup Subsidy
Changein Provision for Debtors
Changein Provision for Employeeadvances
ChangeIn Provision for DismantledAssets
Reversalof Deprecianon on GrantsAsset (Other Income)
Other Income
IncomeTax
Operating Profit before working capital changes
Adjustmentsfor
Changesin Inventories
Changesin Sundry Debtors
Changesin Short term Loans and Advances
Changesin Long term Loans and Advances
Changesin Other CurrentAssets
Changesin Current Liabilities
Trade Payable
Othercurrent liabilities
Changesin Short term Provisions
Changesin Long term Provisions
Changesin Other LongTerm Liabilities
Operating Profit after working capital changes
Extraordinaryitems- Trueup Subsidy
Net Cash inflow from Operating Activities
8
81 0531 342
13971 76812
1261825520
3234543618
5245300000
261105558
1997851 796
3976620444
77481 224
1105038514
9204649
1226509587
59261598
257500000
6027330164
306738538
49500000
98532 39638
456717173
786 93 02033
84112449
533467788
141 2934353
654764070
11652129021
1 8308920
25117 40 235
81407477
4429001602
250 31 28 964
268255800
73826724
4465846726
6297402538
59261598
5893443919
656467633
43541588
296728445
2217891653
3449506263
-306738538
524 53 00 000
2102532275
6356664136
73581 67 663
2827513468
14269820164
137 83 39 279
1 7464496
10185681 t31
15665623939
Cash Flow from Financing Activities

Changesin Capital/ShareDepositAccount
Changesin Secured Loans
Changesin UnsecuredLoans
ChangesIn l.onqt-Terrn Borrowings
Changesin Short-TermBorrowings
Change In Current maturities of long term
debts/Current liabilities
Financecost
Contributionsfrom Consumers/Reversalof Depreciationon
GrantsAsset (Other Income)
RevenueReserve
Amount in Rs.
Year 2013-14
Cash Flow from Investment Activities

Changesin Fixed Assets (Net)
Changesin Capital Work in Progress
Investments
Net Cash Outflow from Investment Activities
Previous
Current Year 2014-2015
180000000
355800000
1387305976
8011490100
1277 04 27 756
212 38 54 698
397 66 20 444
403417 940
3234543618
2733428751
3961217 596
12223978
Net Cash available from Financing Activities
9575617206
10904676132
Net Change in Cash and Cash equlvalentsSurplus Cash [(A) + (8) +( C)]
Add: OpeningCash and Cash equivalents
266657403
1383537274
1434911332
1701568735
1701568735
For a on behalfof ~e Boardof Directors
E
Closing Cash and Cash equivalent:
ForV.K.Nlranjan& Co.
CharteredAccountants
FRN:24 fI
iranjan. V.K
Partner
M.No: 21432
Place: B~galo::_("\
Date
U'i ,~O
I ~ ..
/~
"
I'
AL~
''''
(EI.l Guru prasad)
,~'L
CFO&r irector (Finance)
~~~
/JtY \-:>..<-...\
Place: Bangalore
Date I ~
nc, , ~Ol~
2818448606
1434911 332
1434911 332
~:l
(Pankaj K ar Pandey)
Managing Director
349
n
u
z.!I'::>"'o
NOTES TO THE CONSOLIDATED
BISCOM
Nott> 1B -R':1concilation
Note 1C -Percentage
of .Holding
FINANCIAL STATEMENTS
350
351
NOTESTO THE CONSOLlDHED FINANCIAL STATEMENTS
Less: Reversal of depreciation

11987568695
14888095736
Closing Balance
Subsidies received from REC towards RGGVY scheme 55.210
1102470618
58074532
981105683
1044396086
1044396086
1370411
139568
1249784666
17118986085
-589 20 87 976
1139676' 814
123084222.
1230842
14262807004
352
NOTESTO THE CONSOLIDATEDFINANCIAL STATEMENTS
1205 27 54 777
4466120
2469 35 58457
UNSECURED LOANS
Term Loans From
-Banks (Refer Note 3B below)
-Others (Refer Note 3B below)
Sub-Total
Bank of India
In 28 Quarters, 27 quarterly installments ofRs.7.15
Crore per quarter commencing from 3 years from the
date of first disbursement. 28th Instalment will be of
Rs.6.95 Crores. Interest to be serviced monthly. ROI at
base rate +0.15% P.A.Presently 10.35% P.A. Secured
way of hypothecation of assets financed by the Bank
8.11 Crs) First instalment will be due on
22797
1428000000
53.500
crs Repayment in 40 quarterly

each tnterc.st to be paid as when due.
Rs.370crs base rate +1% presently 11.10%
installment due on 24.01.2017. Hypotecation of
assets of the Company valued at Rs.417 .09 crs.
4 Bank of Maharastra
For RS.125Cr The term of repayment in 28
quaterty installment of Rs.4.47 Crs per quarter
RS.4.31 crs in 28th quarter after initial moratoudum
ROI at B.R+0.10% & for Rs.27S.00 crs
of Rs.9.28 crs per quarter &for 28th
after initial moratoirum period ROI
Repayment within 13 years (including moratorium period

of three years) payble in 33 quarterly instalment of Rs.
3.3 Crore each. at the end of 30 th instalment will be
RS.3.43 Crs Interest to be paid as & when due. ROI
Rs 100crs base rate + 0.25% pa (floting without
resell.
Sub-Total
53.500
3053200
53.500
:000000
3624800000
11
353
81SCOM
B Term Loans from Others

1 Loans from Rural Electrification Corporation Limited.
New Delhi. -APDRP Counter part funding
(Secured
by Hypothecation of all existing
unencumbered
moveable
properties
including
machinery. equipments. machinery spares. tools.
implements. and accessories installed I created I
erected and all future moveable including machinery,
equipmelns, machinery spares. tools. implements, and
accessories installed I created I erected in future and its
stock of materials equipments bought or 10 be bought
out of Ihe loan amount at 8.5% & 11.70% interest rates.
53.3327
53.347
2 PFC - RAPDRP (Part A)
220774100
41 7398490
1466480900
1466480900
435420000
1974522979
The tenure of loan will be 10 years from the date of

disbursement including moratorium period of 3 years for
both Principal and interest. Interest to be paid as notified
by Minislery of Finance from lime 10time. 'Secured by
way of hypotecalion on the newly financed assests
under Ihe project as securities for loan. First
instalment due on 19.07.2012
53.347
3 RAPDRP PFC (B)
period of 5 years. The interest and interest lax on the

said loan shall be borne by the Utility and shall begin to
accrue from the date of release of loan by Ministry of
Power .'Secured by way of hypotecalion on the newly
financed assests under the project as securities for
loan.First Instalment falls due in the month of July2015
RAPORP PFC (8) (Counter part Funding)
The loan shall be repaid in 60(SIXTY) equal quaterly
installments. The first installments become due on 15th
day of october 2015 the subsequent installments will
become due for payment on Ihe 151h day of January
,15th day of April, 15th day of July, 15th day of October
3(a)
~'!l1!Y.1~'!L
53.347
..__----
4 PFC DRUM PROJECT
1509597409
....---1--.'--------- +------------
53.337
The Loan shall be repaid by the Disribution Company in

40 equal quarterly instalments. The first instalment will
become due on 151hday of April 2008 Interest on Ihe
said loan at the rate of interest prevailing on the date of
each olst.ursernent. 'Secured by way of hypotecation of
all assets created under the loan.
Repayment due :The first instalment will become
due on 15th day of April 2008
5
JICA (Japan International Co-Operative Agency)
53.340
-.--.------
41065742
2769727679
I
2609249302
The bank agrees to lend the company an amount not

exceeding YEN 10643000000 as Principal fur DAS
under relavence laws & RegulaUon of Japan.The
Company repay prinicipal amount in accordance with
amortization schedule setforth in Ihe agreement.The
Company shall pay Ihe interest semiannuallyat the rate
of thi6c- fviJiU' of one iiaicG,tt (O.75%)p.,6
REC (TL) NJY Phase 2

RepaY'lp.ntwith in 13years (including moratorium period
of 3 years) principle installment is payable in equal
annual installments and on 15 l~of the month in which
the first disbusement was made.the rate of interest @
11.5% PA
'Secured by way of hypotecation of all assets crealed
under the loan.
REC (TL) OlC Metering
Repayment with in 13years (including moratorium period
of 3 years) principle installment is payable in equal
annual installments and on 15 Ih of the month in which
the first disbusemenl was made.the rate of interest @
11.5% PA
'Secured by way of hypolecation of all assets created
under the loan.
-.----.--.-..
61598619
I
53.335
2301064644
53.335
1364934209
1663319810
1181896020
354
NOTES ;'0 THE CONSOLIDATEDFINANCIAL STATEMENTS

HVDS
53.335
934114
53.335
74865901
53.335
1106719413
6615110
77 17 630
-1-------------1------- ------.-.----.. -
291960383
from Government (tllrough REG) - RGGVY

Total repayment period will be 15 years .
5years moratorium period 10gether with interest
5% 12.25% with quarterly interest)
Repayment beg;:" frorn 15/03/2012.
53.3357
333669010
9409719
9409719
89778752
106318898
355
i5
"-I
NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS
BEseOM
Loan tram GoK tor Power Sector AutomationLoan tor

period of ten years at the rate at 9% p.a.No specific
& Conditions Given However as per GO No FD
01BLA 2002 dated:10.07.2003 Loan tor a period at ten
years & (irs( instalment begun in the month at
at the rate of 9% o.a
tram GoK Ganga Kalyana.
53.3417
4410000
2940
5410 000
53.3367
1812800 291
53.960
toan amount is accounted as per the advise
L and it comprising at various loans with .
and conditions. Interest varies trom 10.75%
11%)
Sub-Total
i Deposit Wor1<s
Deposit Contribution
47.301 to
47.303,
47.305,
47.307 to
47.317,
47.321,
47.306
Work
Other Deposits tram Consumers

Security Deposit from consumers:
47
47.6
48.1+48.2+4
8.3
1844947383
1159772671
BAN GALORE
ELECTRICITY
SUPPLY
COMPANY
FINANCIAL
356
LIMITED
STATEMENTS
200 00 00 000
':;1 L Tora penoa at -:'uOaays_10 oe repayea on fl1

day of first drawal and interest to be serviced as
debited at 10.45% p.a(floting) i.e.. base rate of
Securities: Floating charge on Book debts of
with 10'10Margin for 150 Crs.
due starts on 13/06/2012
53.500
500 00 00 000
1499938176
-----1---------------------- ----.-53.500
125 00 00 000
53.500
100 00 00 000
53.500
499999999
53.5007
250 00 00 000
24.420
21.409
24.414
24.415
24.428
11
140 53 55 812
196 02 66 718
5030119192
-1----------
357
Ii
~
BISCOM
42.1 to 42.5,
42.6
40.30\)+46.3
01+46.441
. for Expenses
3
Payable to other ESCOMs
-_ ..._-_._ ..-
.-
--_ ..----_
.._------_._------ ._-----_._---_.
------------- ---- -----------
..---------------
358
NOTES TO THE CONSOLIDATEDFINANCIALSTATEMENTS
BaSCOM
Note 9 - Other Current
Liabilities
46.710
consumption charges LT & HT
46.101
296542981
46.102
9225519
23.181&
23.293
351912
Other Payables
Stale Cheques
Retention Money - Bill amount relained
Other ESCC~.~SESe
Excess credit under reconcilialion with Bank
I,,'JlIlIIUU'UUIl
received by BESeOM against
Icomnensaucn to the victims of Electrical accidents.
669724497
8974671
623003271
1915
77
46.978
46.966,46.9
459073
28
47.323
28.105
44.210
44.220
44.310
44.320
44.330
Provision for Income-Tax & Fringe Benefit Tax
351912140
13599611
Revenue Suspense Account & Anywhere payment
Draught relief fund.

Miscellaneous Deposits/Other liabilities
Amount withheld from employees against recoverables
380119757
46.800
727200
2044695075
I
BANGALORE ELECTRICITY SU~PL Y COMPANY L1l'v..
!
...
COM
zo
IAL STATEMENTS
I::3ANGALORE ELECTRICITY
SU~PLY COMPANY LlMII
en
NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS

!
!
Note 11 - Tangible I Intangible
Assets
1. Buildings includes shared assets as per KPTCL's intimation

2. Addition includes released assets after reconditioning
3. Deduction includes transfer of assets for reconditioning.
4. Additions I deletions of assets and depreciation thereon include:
a) Items -penQjngreconcillation relating to inter unit transfers and
b) Prior pe'rio~ adjustments.
361
NOTESTO THE CONSOLIDATEDFINANCIAL STATEMENTS
Loans and Advances - Others
5741413985
B
DEPOSITS
a) Security Deposits with Railways and Others
b) Security Deposit from Suppliers & Contractors other
than cash.
c) Deposit with Jurala Hydro Electric Project
28.9
28.930
20.251
6267406224
a) Material
Stock Account
IShortaqe
Mateterial imprest Account
Other Material Account
Less :Excess
22.610
22.810-22.820
22.641
22.700
:-
197 95 53 048
- =.23=91=89~2
362
ii
~
B!SCOM
363
23.1
23.2
28.625
le\ Amounts Receivable
from GoK towards Free Power

Supply to IP sets upto 10HP
d).Tariff subsidy Receivable from GOK towards BJ/KJ
inslallalion
. Unbilled Revenue - LT
Dues from Penmanentlydisconnected installations
3884 58 60 897
28.627
10646021
12273157
28.626
185
23.4
23.4
23.5
27365
23.7
-52954241
23.8
47.607,47.6
09,47.611
7.612
12798451\ 498
23.9
28.826,831,
36,841
28.8
28.8
281
23.:
12330561491
9780797289
364
NOTESTO THE CONSOLIDATEDFINANCIALSTATEMENTS
Cheques. drafts on hand

Balances with Banks:
(l) in current accounts
(a) OperaUve Accounts with scheduled banks
(b) Non-Operative Accounts with scheduled banks
24.400
24.300
9195804271-
20.2
(ii) in deposit accounts'
-1
5896982381-
-4
24.120.24.13
Siamps on Hand
28.850
28.821
27487860
77615299
27549421
135194590
7338842
28.821
recoverable from current employees

ex-
28.4
28.402
141305
30579
99442
28.899
61856
61856
62677700
------_,-_ ..
27.2
Remltlance to Head Office -Transit Account

Transfers from Head Office In Transit Account
24.5
24.6
81258135
28.821
737933607
3 Amount paid to IT under protest

4
5
6
7
8
9
10
137309589
Loans and Advances to Staff - Interest free
Other Receivables
28.72.28.74
Receivables from Pension I Gratuity Trust
28.9
KPTCL
Cash Receivables from Associates
28.9
ESCOMS
from GOK refund of rnetereqaiprnent
28.710
deposit
accured but not due on deposits (including Bank
28.2& 3
Deposits)
28.820
Prepaid expenses
Preliminary expenses to the extent not written off
Unit Accounts- Materials
31
10212735
87321354
1 02 12735
87321
4526439995
120595
1025
-82723
32
24635
36
37
33
34
-151464
-940128
23
49
365
Fa
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
.IISCO,"
BJ/KJ Up To 18 Units Metered installations

BJ/KJ Up To 18 Units Un Metered
installations
BJ/KJ Above 18 Units having more than one
outlet
61.101
31,05,38,974
61.102
76,975
61.103
23,16,50,788
30,13,33,816
61.111
24,73,59,34,302
21,54,05,55,828
6 LT 2A III

installations BBMP (Urban) - LT 2(a)1
lighting, heating & motive
installations (Urban Local Bodis other
LT 2(a)i - LT2 (a)ii
power installations (Village Panchayats) - LT
2(a)iii
lighting, heating & motive

i
power installations (Free Lighting)
61.114
6,43,75,703
6,45,28,300
including aided educational institutions

Urban Local Bodies including City
LT 2 (B)i
61.115
25,32,64,497
21,50,10:172
61.116
2,97,90,779
3,28,12,938
61.131
12,45,33,62,303
11,30,65,98,459
61.132
1,21,04,23,229
61.133
1,66,30,090
2,37,60,565
61.141
13,58,79,09,389
7,81,7".45,348
61.142
3,34,655
61.143
69,368
61.146
61.144
6,00,00:3461
1,26,72,199
20 LT 4C
61.145
10,66,03,792
1,09,81,150
21
61.147
26,76,597
2,85,326
61.151
56,51,19,295
-54,79,69,630
61.152
1,73,58,30,620
1,56,23,11,447
T 2A FL
8 LT 2B I

power installations of Pvt. Professional
including aided educational institutions
VPs -LT2(b)ii
Commercial Lighting, heating & motive
power installations of ULBs including City
_----_._---
61.112
2,06,67.,20,610
61.113
11,02,964
power installations - Office Lighting

Revenue trom saie of power- commercialapplicable to Areas coming under Village
Panchayats- LT3(iii)
IPSets upto and inclusive of 10HPUnmetered installations till such time, meters
are fixed-Rural feeders-LT4(a)i-Free powerUnmetered
IPSets upto and inclusive of 10HP-where
meters are fixed-Rural feeders-LT4(a)i-Free
power-Metered
IPSets upto and inclusive of 10HP-Urban
metered'LT4(a)ii-Free power-
LT 5A
23
& motive power (including lighting)

area upto & below 5HP - LT5(a)i
& motive power (including lighting)
Bangalore Metropolitan area for above
5HP & below 40HP (inclulding demand
based tariff) - LT 5(a)ii
Heating & motive power (including lighting)
of BBMP area for 40HP & above but below
(inclulding demand based tariff) - LT
_-------
1,18,50,15,794
.-
_. - .._----
.. ..-----
84,80,65,440
61.135
61.153
8,56,340
25.180
BANGALORE
ELECTRICITY
SUPPLY COMPANY
366
LIMITED
25
26 LT 58
?.7
28
29
30LT6BI
31 LT 68 II
Heating & motive power (including lighting)BBMP area for 67HP & above (inclulding
demand based tariff) - LT 5(a)iv
of other than BBMP area upto and below
5HP - LT 5(b)i
of other than BBMP area for above 5HP &
below 40HP (including demand based tariff)I.T Sln)ii
of other than B8MP area for above 40HP &
below 67HP (including demand based tariff)LT 5(b)iii
other than BBMP area for 67HP and above
(including demand based tariff)- LT 5(b)iv
Water supply installations of VPslTP's and
TMC/CMCs - LT 6
Public Lighting installations of VPs / TP's
and TMC/CMCs - LT 6
Temporary Power Supply - LT installations -
61.154
53,64,79,333
48,96,92,523
61.155
37,19,32,802
31,68,07,760
Pi1 11ij:\
9?1'\7 RS.~96
~:'\ 2?,R77'lR
61.157
94,72,05,340
87,46,47,008
61.158
10,80,20,134
15,06,82,171
61.171
3,59,35,52,605
3,17,72,03,418
61.172
2,94,74,72.349
2.71.09,62.997
\
l,76,65,sn,13B
2.?5.18,42,573
. 51.\.lJjLT7
32 LT 7
5859 11 20 413
71252777931
Sale
of
Power
L
T
category
I
Drainage/Sewerage 8WSSB & Local
bodies/KUWS & S8 -Water supply
2694347684
2874894771
61250
installations -HT 1
33 HT 1
14703842886
15952399837
61.260
Industires in BBMP area - HT 2(a)i
34 HT 2A I
Industires in areas other than BBMP area 15197909396
1717 77 04 142
61.261
HT2(a)ii
35 HT 2A II
Revenue from sale of power - Govt.
hospitals & Hospitals run by charitable
2517 79 882
586944908
61.263
institution, Educational institution
HT2C I
Revenue from sale of power - Govt.
hospitals & Hospitals run by charitable
--,-,_--'_'-institution. Educational institution other than
!-----._---_._- 1-----42"01'2'2'427
_._"-6T264' ---,a--rS-70726
thbs-e-Cbvere<funderflT20-'---.------------HlZ'CI,
HT Commercial applicable to BBMP area zi 1"106:JL .::90
ziee 85 8u J04
I
01.270
<t> i Hr~lb)i
Water Supply installations of VP'sITP's &
307817384
295203781
61.271
TMC/CMC's - LT6
\
HT Commercial applicable to areas other
15177 68163
1485830614
'-1.273
than BBMP area - HT2(b)ii
37 HT 2B II
Lift Irrigation Schemes-Govt Dept & Govt
40703067
38258365
61.260
ownd Corporalions - HT3(a)i
38 HT 3A I
Lift irrigation Schemes - Pvt LI Schemes and
-1051 37960
135190
61.261
LI societies HT 3 a (iI)
39 HT3AII
Lift irrigation Govt Horticulture, Coffee, Tea,
coconut. Arecant Etc Agricultural farms HT 3
814113
2731111
61.282
b
40 HT 3B
355232
664776
61.269
~O\t-n
41 HT 404.
Residential apartments and colonies of

BBMP Area HT 4 (a)
Residential apartments and colonies Urban

Local Bodies other than HT 4 (a) - HT 4 (b)
Residential apartments and colonies of VPs HT 4 (c)
43 HT 4C
Temporary Power Supply - HT installations HT5
44 HT 5
Sale of Power HT category
Total LT+HT
Other - Operating revenues
1 Fuse charges
(D&R)
2 Reconnection Fee
3 Public Lighting Maintenance Charges
4 Service Connection
5 Delayed payment charges from consumers.
6 Other Receipts from consumers
7 Registration fee towards SRTPV connection (Solar
8 Facilitation fee towards SRTPV connection (Solar
9 ReCoveries for theft of power
42 HT 4B
II
III
5 Provision for withdrawal of Revenue Demand
TOTAL
61.290
7577 13 634
61.291
25069685
61.292
61.293
6071 23092
982933
43008168
6076112
,
21 9600361
747910398
5701 71 39 124
115608909537
62601806554
13385 45 84 485
61.901
61.902
45399
619135
5788
398782078
714315
235908704
21452
66152
10309711
61.903
61.904
471466126
61.905
61.906
61.907
61.906
61.710
83.8
525188271
1683515'
11000
51 15073.
1013839848
72377591
134796046742
S:i'60 91i 871

714 71 442
11617 3S 34966
B
sea....
367
131438243
Rent
Incentives received
62.330 79.573
62.901
62.907+62.3
61+62.911+6
2.922+92+92
1288769722
918
Excess provision made in prior period which is no longer

required
of matenals found excess duimg physical verification
62.325
2702
62.905
262332
26692
98478
62.917
62.916
61.122
1289665313
21 2593
632095381
61.314
61.315
61.316
14087965
61.317
1733041
61.3
BANGALORE
ELECTRICITY
SUPPLY
NOTES TO THf.: CONSOLIDATED
COMPANY
LIMITED
368
FINANCIAL STA fEMENTS
74.2
Civil works (Pipeline, Seweage, drainage and water supply)
Repairs and maintenance - buildings

Lines, Cable Net Work Etc.
74.5
Vehicles
74.6
Office Equipments.
74.8
R & M charged to Capital Works (Credit account)
and maintenance
others
Rentals/maintenance cnarqes
T erminal Benefits
74.3
20312704
74.2 & 3
74.9
74.3 to 74.8
77.611
75.6
13431 75427
13431 75427
13051 79
S tall Welfare
Medical Expenses reimbursement
Leave Encashment - For employees covered under
75.611
75.612
75.616
75_617
101264940
7698
98361 982
--_~--------I
5
t 05 647451
6
75.900
BANGALORE
ELECTRICITY
SUPPLY
COMPANY
369
LIMITED
;":
76.131.135.1
3710139.
352085414
76.136
29750318
36360618
26518093
76.151
10,10"'
10
76.155.
76.260
24653768
76.156
5936125
2610
24915283
76.157
11
76.15B
12
13
&
76.20110
76.2B~
other material related expenses
12241046
14
6875907
76.102
76.104.105.1
06.103
76.103
76.160
76.193
76.154
76.152:162.1
190.191.1
15
76.194
Expenses
charged to capitalworks
(Credit Account)
76.900
19731 28358
18
& Low value items Written off
77.610
19
77.5
20
7B.B20 10
7B.B90
21
7B.600
22
7B.861
23
79.4BO
24
79.110
22 S3
2205668735
25
79.5
26
;S.410 g.
79.430
22
23
24
79.511
for Loss on obsolescence of stores, etc in stock

tnterest on betated payment for power Purchase
79.561
SO.102 to
BO.149
B
seo"",,
370
78.868
78.810to
78.815
Interest capitalised on capital borrowings
1.ExcessprovisionforDepreciationin priorperiod
2. Excess/short provision for Interest & Financecharges
3.0ther excess provision in prior period
78.900
65.600
65.700
65.800
401530388
Debits relating to earlier years :

1. Employee costs relating to previous year
2. Depreciation under providedin previous period
3.lnterest and other finance charges relating to previous
83.500
83.600
83.700
83.840
83.850
83.300
11,60,893
164002782
============B=A=N~RE
ELECTRICITY SUPPLY C
AVERAGE RE:,....t..lSATION
RATE FROM SALE OF
LIMITED
.R FOR FY 2014-15
Amount in Rupees & Consumption in Units
DESCRIPTION
TARIFF
Noot
Average
Realisation
Opening
Balance
Revenue
Collection
HO
Adjustments
& withdrawals
Closing
Balance

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13th ANNUAL REPORT

1(.R.Circle, BENGALU RU-560001

Bangalore Electricity Supply Company Limited

Registered Office: Corporate Office, K.R.Circle, Bengaluru - 560 001

Website:www.bescom.org , E-mail: cs(a:)bescom.co.in

Item No.1 - Adoption of financial statements (including CFS)

Bangalore Electricity Supply Company Limited

Registered Office: Corporate Office, K.R.Circle, Bengaluru - 560 001

22266033, Fax No. 080-22354925

Website:www.bescom.org , E-mail: cs(a)bescom.co.in

Board, decisions of shareholders as deem fit and in accordance with

(As on the date of AGM)

Sri.P.Ravi Kumar, lAS.,

Sri.Pankaj Kumar Pandey, lAS.,

Sri.Jawaid Akhtar, lAS.,

Sri.Gaurav Gupta, lAS.,

Sri.H.Nagesh, B.E, FIE.,

Sri.B.L.Guru Prasad, IRS.,

Smt.Dipti Aditya Kanade, lAS.,

CFO & Director (F)

1. STRATEGY AND VISION OF THE COMPANY:

Rs. 14645.71 Crores

(a) Consumer Population:

Irrigation Pump sets

Street Light & Others

IV. FINANCIAL PERFORMANCE:

Revenue from operations

For the year

For the year ended

Profits before Depreciation, Prior

Profit / (Loss) before Prior period

Profit / (Loss) before Prior period

Profit / (Loss) before Tax (8-9)

Income Tax Expenses:

Profit / (Loss) from continuing

Profit / (Loss) from discontinuing

Profit / (Loss) for the year (12+ 13)

Earnings per equity share of Rs. 10

VI. POWER PURCHASE:

BESCOM is purchasing power from power generators as per

The share of allocation for various power projects as per Government of

1 (a) KPCL Hvdel:

Wind Mill Energy

Medium term Total

Short term Total

Prior period Expenses

The following Power Purchase Agreement have been signed by

VII. METERED CONSUMPTION:

VIII. SALE OF ENERGY:

(b) Un-Metered Energy Sales:Sl. No.

Irrigation Pump Sets

(c) Category wise energy sold 2014-15:-

1663.3 5938.7 1134.2

194.45 8830.72 24436.08

(d) Break up ofHT sales:HT2A

IX. REVENUE DEMAND AND COLLECTION:(a) Revenue Demand:

Demand FY08: Rs. 5807 Cr

Demand FY 09: Rs. 6190 Cr.

Demand FY 10: Rs. 6792 Cr.

Demand FY 11: Rs. 8246 Cr.

Demand FY 12: Rs. 9348 Cr.

Demand FY 13: Rs.I0724 Cr.

(1)Bangalore Metropolitan area Zone: