2009 10 Schedules of Balance Sheet and Profit & Loss Account

Schedules to the Balance Sheet Rs.
mi
ll
ion
As at March 31, 2010 2009
Schedule 1
SHARE CAPITAL
AUTHORISED
10,000,000,000 equitysharesofRs.10/- each(Previous
year10,000,000,000 equitysharesofRs.10/- each) 100,000 100,
000
ISSUED, SUBSCRIBED AND PAID-UP
8,245,
464,400 equi tysharesofRs.10/- eachfull
ypai d-up (Previ
ous
year8,245,464,400 equitysharesofRs.10/- eachfullypaid-up) 82,455 82,
455
Schedule 2
RESERVES AND SURPLUS
CapitalReserve
Asperl astBal
anceSheet 1,398 1,
312
Add :Transferfrom Profit& LossAccount 50 86
1,448 1,
398
Securi
tyPremi
um Account 22,281 22,
281
BondsRedempti onReserve
AsperlastBalanceSheet 16,889 13,
602
Add :Transferfrom Profit& LossAccount 4,978 4,
537
Less:Writebackduri ngtheyear 2,000 1,
250
19,867 16,
889
Forei
gnProj ectReserve
Asperl astBalanceSheet - *
Less:Wri tebackduringtheyear - *
*Rs.81,
229/- - -
GeneralReserve
Asperl astBalanceSheet 450,527 406,
525
Add :Transferfrom Profit& LossAccount 47,500 44,
000
Less:Adjustmentsduri ngtheyear - (2)
498,027 450,
527
Surplusi
nProfit& LossAccount 297 151
Total 541,920 491,
246
Schedule 3
DEFERRED REVENUE - ON ACCOUNT OFADVANCE AGAINST DEPRECIATION
Asperl astBal
anceSheet 19,360 13,
734
Add :Revenuedeferred duringtheyear 244 5,
626
Less:Revenuereversed duri
ngtheyear 328 -
Less:Revenuerecognised duri
ngtheyear 3,168 -
Total 16,108 19,
360
34th Annual Report 2009-2010 109

Schedules to the Balance Sheet Rs. mi
ll
ion
As at March 31, 2010 2009
Schedule 4
SECURED LOANS
Bonds
10.00% Secured Non-Converti bleTaxabl eBondsofRs. 10,00,000/- eachwi thfiveequalSeparatel yTransferabl e 2,000 3,
000
Redeemabl e Pri
nci palParts(STRPP) redeemabl e atparatthe end ofthe 6th yearand i n annuali nstal
ments
thereafterupto theend of10thyearrespecti vel yfrom 5thSeptember2001 (Twel fthIssue- PrivatePl acement) 1
9.55% Secured Non-Cumul ativeNon-Converti bl eTaxabl eRedeemabl eBondsofRs. 10,00,000/- eachredeemabl e 6,000 6,
750
atpari n ten equalannuali nstalmentscommenci ng from the end of6th yearand upto the end of15th year
respectivel yfrom 18thApri l2002 (Thi rteenthI ssue-PartA - Pri vatePl acement) 2
9.55% Secured Non-Cumul ative Non-Converti ble Taxabl e Redeemabl e BondsofRs. 10,00,000/- each wi th ten 6,000 6,
750
equalSeparatel yTransferabl e Redeemabl e Princi palParts(STRPP) redeemabl e atparatthe end ofthe 6th year
and i nannuali nstalmentsthereafterupto theend of15thyearrespecti velyfrom 30thApri l2002 (Thi rteenthI ssue
- PartB- Pri vatePlacement) 2
8.00% Secured Non-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs. 10,00,000/- eachredeemabl e 1,000 1,
000
atparon10thApri l2018 (Si xteenthI ssue-Pri vatePl acement) 3
8.48% Secured Non-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs. 10,00,000/- eachredeemabl e 500 500
atparon1stMay2023 (SeventeenthI ssue- Pri vatePl acement) 3
5.95% Secured Non-Cumul ative Non-Converti bl e Redeemabl e Taxabl e BondsofRs. 10,00,000/- each wi th five 4,000 5,
000
equalSeparatel yTransferabl eRedeemabl ePri nci palParts(STRPP) redeemabl eatparattheend of6thyearand i n
annuali nstal mentsthereafterupto theend of10thyearrespecti velyfrom 15thSeptember2003 (Ei ghteenthI ssue
4
- Pri
vatePl acement)
7.50% Secured Non-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs. 10,00,000/- eachredeemabl e 500 500
atparon12thJanuary2019 (Ni neteenthI ssue- Pri vatePl acement) 5
7.552% Secured Non Cumul ati
ve Non-Converti bl e Redeemabl e Taxabl e BondsofRs. 20,00,000/- each wi th 4,500 5,
000
twenty equalSeparatel y Transferabl e Redeemabl e PrincipalParts (STRPP) redeemabl e atparsemi -annual l
y
commenci ng from 23rd September 2009 and endi ng on 23rd March 2019 (Twenti eth Issue - Pri vate
Placement) 6
7.7125% Secured Non-Cumul ative Non-Converti ble Redeemabl e Taxabl e BondsofRs. 20,00,000/- each wi th 10,000 10,
000
y
commenci ngfrom 2nd August2010 and endi ngon2nd February2020 (Twentyfirsti ssue- PrivatePlacement) 7
000
y
commenci ng from 2nd Jul y2011 and endi ngon2nd January2021 (Twentysecond i ssue- PrivatePl acement) 8
000
y
commenci ngfrom 5thAugust2011 and endi ngon5thFebruary2021 (Twentythi rd i
ssue- PrivatePl acement) 8
000
y
commenci ng from 9th September 2011 and endi ng on 9th March 2021 (Twenty fourth i ssue - Pri vate
Placement) 8
9.37% Secured Non-Cumul ative Non-Converti bl e Redeemabl e Taxabl e Bonds of Rs.70,00,000/- each wi th 5,000 5,
000
fourteenSeparatel yTransferabl eRedeemabl ePri ncipalParts(STRPP) redeemabl eatparsemi -annual l
ycommenci ng
from 4thJune2012 and endi ngon4thDecember2018 (Twentyfifthi ssue- PrivatePlacement) 9
9.06% Secured Non-Cumul ative Non-Converti bl e Redeemabl e Taxabl e Bonds of Rs.70,00,000/- each wi th 5,000 5,
000
fourteenSeparatel yTransferabl eRedeemabl ePri ncipalParts(STRPP) redeemabl eatparsemi -annual l
ycommenci ng
from 4thJune2012 and endi ngon4thDecember2018 (Twentysi xthi ssue- PrivatePlacement) 9
11.25% SecuredNon-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs.10,00,000/-eachredeemabl e 3,500 3,
500
atpari n five equalannuali nstalmentscommenci ng from 6th Nov2019 and endi ng on 6th Nov2023 (Twenty
seventhi ssue- Pri vatePlacement) 9
11% Secured Non-Cumul ativeNon-Converti bleRedeemabl eTaxabl eBondsofRs.10,00,000/- eachredeemabl e 10,000 10,
000
atparon21stNovember2018 (TwentyEi ghthi ssue- Pri vatePlacement) 9
8.65% Secured Non-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs.10,00,000/- eachredeemabl e 5,500 5,
500
atparon4thFebruary2019 (Twentyni nthi ssue- Pri vatePl acement) 9
7.89% Secured Non-Cumul ativeNon-Converti bl eRedeemabl eTaxabl eBondsofRs.10,00,000/- eachredeemabl e 7,000 -
atparon5thMay2019 (Thi rtiethi ssue- Pri vatePl acement) 9
Loans and Advances from Banks
Forei gnCurrencyTerm Loans(Guaranteed byGovernmentofI ndia) (Dueforrepaymentwi thinoneyearRs.1,375 5,286 7,
180
mi ll
ion,Previ ousyearRs.1,398 mi on) 10
lli
Other Loans and Advances
11
Obli
gati
onsunderfinancel
ease (Dueforrepaymentwi
thi
noneyearRs. 6 mi
ll
ion,Previ
ousyearRs.4 mi
ll
ion) 13 16
TOTAL 90,799 89,
696
110 34th Annual Report 2009-2010

Schedules to the Balance Sheet
Schedule 4
SECURED LOANS
Note:
1 Secured by(I ) Engli
shmortgage,onfirstchargebasi s,oftheofficepremisesoftheCompanyatMumbai ,(I
I) Hypothecati
on ofallthepresent
and future movabl e assets(excl
uding recei vabl
es) ofSi ngraul
iSuperThermalPowerStati on,Anta GasPowerStati on,Auraiya GasPower
Stati
on,BarhSuperThermalPowerProj ect,FarakkaSuperThermalPowerStati on,KahalgaonSuperThermalPowerStati on,Koldam HydelPower
Project,SimhadriSuperThermalPowerProj ect,SipatSuperThermalPowerProj ect,Tal
cherThermalPowerStati on,TalcherSuperThermalPower
Project,Tanda ThermalPowerStati on,Vi ndhyachalSuperThermalPowerStati on,NationalCapitalPowerStati on,DadriGasPowerStati on,
Feroze GandhiUnchaharPowerStati on,Lohari nag Pala Hydro PowerProj ectand Tapovan-Vi shnugad Hydro PowerProj ectasfirstcharge,
rankingpari-passuwi thcharge,ifany,alreadycreated i nfavouroftheCompany' sBankersonsuchmovabl eassetshypothecated to them for
worki ng capitalrequi rementand (II
I) Equi table Mortgage ,by way offirstcharge,by deposi toftitl
e deedsofthe i mmovabl e properties
pertainingto SingrauliSuperThermalPowerStati on.
2 Secured by(I ) Engl
ishmortgage, onfirstpari-passuchargebasi s,oftheofficepremi sesoftheCompanyatMumbai ,(II
) Hypothecationofall
thepresentand futuremovabl eassets(excludi ngrecei vables) ofSi ngraul
iSuperThermalPowerStati on,AntaGasPowerStati on,AuraiyaGas
PowerStation,BarhSuperThermalPowerProj ect,FarakkaSuperThermalPowerStati on,KahalgaonSuperThermalPowerStati on,Koldam Hydel
PowerProj ect,SimhadriSuperThermalPowerProj ect,SipatSuperThermalPowerProj ect,Tal
cherThermalPowerStati on,TalcherSuperThermal
PowerProj ect,Tanda ThermalPowerStati on,Vi ndhyachalSuperThermalPowerStati on,NationalCapi talPowerStati on,DadriGasPower
Stati
on,Feroze GandhiUnchaharPowerStati on,Lohari nag Pala Hydro PowerProj ectand Tapovan-Vi shnugad Hydro PowerProj ectasfirst
charge,ranking pari
-passu with charge,ifany,al readycreated i n favourofthe Company’ sBankerson such movabl e assetshypothecated to
them forworki ngcapitalrequirementand (I II) Equi tabl
emortgageofthei mmovabl eproperties,onfirstpari-passuchargebasi s,pertai
ningto
Singraul
iSuperThermalPowerStati onbyextensi onofchargeal readycreated.
3 Secured by(I
) Engl
ishmortgage,
onfirstpari
-passuchargebasi
s,oftheofficepremisesoftheCompanyatMumbaiand (I I
) Equi
tabl
emortgage,
bywayoffirstcharge,bydeposi toftitl
edeedsofthei mmovablepropertiespertai
ningto Nati
onalCapi
talPowerStati
on.
ishmortgage, onfirstpari-passuchargebasi s,oftheofficepremi sesoftheCompanyatMumbai ,(II
) Hypothecationofal l
thepresentand futuremovabl eassets(excl udi ngrecei vables) ofSi ngraul
iSuperThermalPowerStati on,AntaGasPowerStati on,Aurai yaGas
PowerStation,BarhSuperThermalPowerProj ect,FarakkaSuperThermalPowerStati on,KahalgaonSuperThermalPowerStati on,Koldam Hydel
PowerProj ect,Si mhadriSuperThermalPowerProj ect,SipatSuperThermalPowerProj ect,Tal
cherThermalPowerStati on,TalcherSuperThermal
PowerProj ect,Tanda ThermalPowerStati on,Vi ndhyachalSuperThermalPowerStati on,NationalCapi talPowerStati on,DadriGasPower
Stati
on,Feroze GandhiUnchaharPowerStati on,Lohari nag Pala Hydro PowerProj ectand Tapovan-Vi shnugad Hydro PowerProj ectasfirst
charge,ranking pari-passu wi th charge,ifany,al readycreated i n favourofthe Company’ sBankerson such movabl e assetshypothecated to
them forworki ngcapi talrequirementand (I I
I) Equitablemortgageofthei mmovableproperti es,onfirstpari-passuchargebasi s,pertai
ningto
NationalCapi talPowerStati onbyextensi onofchargeal readycreated.
5 Secured by(I ) Engli
shmortgage, onfirstpari-passuchargebasi s,oftheofficepremisesoftheCompanyatMumbaiand (I I
) Hypothecati
on of
al lthe presentand future movabl e assets(excluding receivables) ofSingraul
iSuperThermalPowerStation,AntaGasPowerStation,Aurai ya
GasPowerStati on,BarhSuperThermalPowerProj ect,FarakkaSuperThermalPowerStati on,KahalgaonSuperThermalPowerStation,Kol dam
HydelPowerProj ect,SimhadriSuperThermalPowerProj ect,SipatSuperThermalPowerProj ect,Tal
cherThermalPowerStati
on,TalcherSuper
ThermalPowerProj ect,Tanda ThermalPowerStati on,Vi ndhyachalSuperThermalPowerStati on,Nati
onalCapitalPowerStati
on,DadriGas
PowerStati on,FerozeGandhiUnchaharPowerStati on,LoharinagPal aHydro PowerProjectand Tapovan-Vi
shnugad Hydro PowerProjectas
firstcharge,ranki ngpari-passuwi thcharge,i fany,alreadycreated i nfavouroftheCompany’ sBankersonsuchmovabl eassetshypothecated
to them forworki ngcapi talrequi
rement.
6 Secured by(I
) Engl
ishmortgage,
onfirstpari
-passuchargebasi
s,oftheofficepremi sesoftheCompanyatMumbaiand (I I
) Equi
tabl
emortgage,
bywayoffirstcharge,bydeposi toftitl
edeedsofthei mmovabl eproperties pertaini
ngto Ramagundam SuperThermalPowerStati
on.
ishmortgage,onfirstpari
-passuchargebasi s,oftheofficepremi
sesoftheCompanyatMumbai ,(II
) Hypothecationofall
thepresentand futuremovabl eassets(excludingrecei
vables) ofBarhSuperThermalPowerProj ectonfirstpari
-pasuchargebasi s,ranki
ngpari
passuwi thchargealreadycreated i
nfavourofTrusteeforotherSeriesofBondsand (I I
I) Equi
tablemortgageofthei mmovabl eproperties,on
firstpari
-passuchargebasis,pertai
ningto Ramagundam SuperThermalPowerStati onbyextensi onofchargeal readycreated.
8 Secured by(I
) Engl
ishmortgage,onfirstpari
-passuchargebasi
s,oftheofficepremisesoftheCompanyatMumbaiand (I I
)Equitablemortgage,
bywayoffirstcharge,bydeposi tofthetitl
edeedsofthei mmovabl epropertiespertai
ningto Si
patSuperThermalPowerProject.
9 Secured by(I
) Engl
ishmortgage,onfirstparipassuchargebasis,oftheofficepremisesoftheCompanyatMumbaiand (II) Equi
tabl
emortgage
oftheimmovabl eproperti
es,onfirstpari
-passu charge basi
s,pertaini
ngto SipatSuperThermalPowerProj
ectbyextensionofchargeal
ready
created.
10 Secured byEngl i
shmortgage/hypothecati onofal lthepresentand futurefixed and movabl
eassetsofRihand SuperThermalPowerStati onas
firstcharge,ranki
ng pari
-passu with charge al
readycreated,subjectto however,Company’ sBanker’
sfirstcharge on certai
n movabl
e assets
hyphothecated to them forworkingcapi talrequirement.
11 Secured agai
nstfixed assetsobtai
ned underfinancel
ease.
Note:
Securi
tycovermenti
oned forsl
. no. 1 to 9 i
sabove100% ofthedebtsecuri
ti
esoutstandi
ng.

ll
ion
As at March 31, 2010 2009
Schedule 5
UNSECURED LOANS
Fi
xed Deposi
ts 134 14
(Dueforrepaymentwi noneyearRs.6 mi
thi lli
on,Previ
ousyearRs.7 mi
ll
ion)
Bonds
8.78 % Secured Non Cumulati
ve Non-Convertible Redeemabl e Taxabl
e BondsofRs. 10,00,000/- each 5,000 -
redeemableatparon9th March2020 (Thi
rtyfirsti
ssue- Pri
vatePl
acement)*
8.8493% Secured Non Cumul ati
ve Non-Converti bl
e Redeemable Taxabl e BondsofRs. 15,
00,000/- each 1,050 -
withfifteenequalSeparatel
yTransferabl
eRedeemabl ePri
nci
palParts(STRPP) redeemableatparattheend
of6th yearand i
nannuali
nstalmentsthereafteruptotheend of20th yearrespecti
l vel
ycommenci ngfrom 25th
March2016 and endi ngon25th March2030 (Thi rtysecond I
ssue- Pri
vatePl acement)*
8.73 % Secured Non Cumul
ati
ve Non-Converti
ble Redeemabl e Taxabl
e BondsofRs. 10,00,000/- each 1,950 -
redeemableatparon31stMarch2020 (Thi
rtythi
rd i
ssue- Pri
vatePlacement)*
Forei
gn CurrencyBonds /Notes
5.50 % Eurobondsdueforrepaymenton10th March2011 (Dueforrepaymentwi noneyearRs.9,134
thi 9,134 10,
310
mi lli
on, Previ
ousyearRs.Ni
l)
xed RateNotesdueforrepaymenton2nd March2016
5.875 % Fi 13,701 15,
465
Loans and Advances
From Banks and Fi
nanci
al Insti
tuti
ons
Forei
gn CurrencyTerm Loans(Guaranteed byGovernmentofI
ndi
a) (Due forrepaymentwi
thi
n one year 26,383 28,
842
Rs.610 milli
on,Previ
ousyearRs.498 mil
li
on)
OtherForei
gn CurrencyTerm Loans (Due forrepaymentwi n one yearRs.5,884 mi
thi lli
on,Previ
ousyear 49,034 49,
439
Rs.2,
296 mi
ll
ion)
Rupee Term Loans (Due forrepaymentwi n one yearRs.17,907 mi
thi lli
on,Previ
ous yearRs.19,301 180,785 151,
911
mil
li
on)
From Others
Loans from GovernmentofI
ndi
a (Dueforrepaymentwi noneyearRs.ni
thi l, Previ
ousyearRs.1 mi
ll
ion) - 1
TOTAL 287,171 255,
982
* To besecured byregi
stered and/orequi
tabl
emortgageoni
mmovabl
eproperti
es.

Schedule 6
FIXED ASSETS Rs. million
GrossBlock Depreciation Net Block
As at Deductions/ As at Upto For Deductions/ Upto As at Asat
1.04.2009 Additions Adjustments 31.03.2010 31.03.2009 theyear Adjustments 31.03.2010 31.03.2010 31.03.2009
TANGIBLE ASSETS
Land :
(includingdevelopmentexpenses)
Freehold 16,224 1,239 (35) 17,498 - - - - 17,498 16,224
Leasehold 4,719 160 85 4,794 554 65 7 612 4,182 4,165
Roads,bridges,culverts& helipads 4,253 141 (137) 4,531 875 77 (2) 954 3,577 3,378
Building:
Freehold
Mainplant 24,495 2,603 28 27,070 10,218 701 1 10,918 16,152 14,277
Others 19,141 859 (153) 20,153 5,319 465 (7) 5,791 14,362 13,822
Leasehold 498 - (2) 500 173 17 - 190 310 325
Temporaryerection 260 59 (5) 324 260 60 (4) 324 - -
WaterSupply,drainage& seweragesystem 5,742 72 (1) 5,815 2,286 292 - 2,578 3,237 3,456
MGRtrackand signallingsystem 8,659 306 (40) 9,005 5,240 260 (1) 5,501 3,504 3,419
RailwaySiding 2,895 - 1 2,894 1,047 139 - 1,186 1,708 1,848
EarthDam Reservoir 1,757 41 - 1,798 558 84 - 642 1,156 1,199
Plantand machinery 520,971 38,197 1,300 557,868 258,872 24,601 856 282,617 275,251 262,099
Furniture,fixtures& otherofficeequipment 4,105 387 5 4,487 2,593 179 31 2,741 1,746 1,512
EDP,WPmachinesand satcom equipment 2,986 433 40 3,379 2,055 273 54 2,274 1,105 931
Vehiclesincludingspeedboats 92 11 7 96 68 4 6 66 30 24
Constructionequipments 1,157 185 74 1,268 738 74 87 725 543 419
ElectricalInstallations 2,183 430 (183) 2,796 1,213 96 (9) 1,318 1,478 970
CommunicationEquipments 788 50 8 830 394 29 14 409 421 394
HospitalEquipments 232 17 1 248 142 9 1 150 98 90
Laboratoryand workshop equipments 156 74 (1) 231 103 5 - 108 123 53
Leased assets- Vehicles 20 3 1 22 6 5 - 11 11 14
Capitalexpenditureonassetsnotowned by 1,387 471 (5) 1,863 1,032 96 - 1,128 735 355
theCompany
AssetsofGovernment 28 - - 28 - - - - 28 28
Less:Grantsfrom Government 28 - - 28 - - - - 28 28
Assetsheld fordisposalvalued atnetbook 20 - (7) 27 - - - - 27 20
valueornetrealisablevaluewhicheverisless
INTANGIBLE ASSETS
RightofUse - Land 13 51 6 58 - 3 - 3 55 13
- Others - 84 - 84 - 1 - 1 83 -
Software 777 47 (38) 862 407 233 (1) 641 221 370
Total 623,530 45,920 949 668,501 294,153 27,768 1,033 320,888 347,613 329,377
Previousyear 533,680 77,205 (12,645) 623,530 272,743 25,224 3,814 294,153 329,377 260,937
2010 2009
Deduction/Adjustments from Gross Blockfor the year includes:
Disposal/Retirementofassets 1,344 1,852
Costadjustments 60 (18,243)
Assetscapitalised withretrospectiveeffect/Writebackofexcesscapitalisation (557) 4,281
Others 102 (535)
949 (12,645)

Schedule 6
FIXED ASSETS Rs. million
2010 2009
Deduction/Adjustments from Depreciation for the year includes:
Disposal/Retirementofassets 1,098 1,328
Assetscapitalised withretrospectiveeffect/Writebackofexcesscapitalisation (166) 2,391
Others 101 95
1,033 3,814
Depreciation for the year is allocated as given below:
Charged to Profit& LossAccount 26,501 23,645
Allocated to thefuelcost 1,195 1,043
Transferred to Expenditureduringconstructionperiod (net) - (Schedule25) 192 141
Transferred to developmentofcoalmines 3 2
AdjustmentwithDeffered Income/Expensefrom Deferred ForeignCurrencyFluctuation (123) 393
27,768 25,224
Schedule 7
CAPITAL WORK-IN-PROGRESS
Asat Deducti
ons& As at
1.04.2009 Addi
ti
ons Adjustments Capi
tal
ised 31.03.2010
Devel opmentofl and 2,929 661 38 31 3,521
Roads,bri dges,cul verts& hel
ipads 583 203 165 141 480
Pili
ngand foundati on 7,949 1,553 3,
187 - 6,315
Bui l
dings:
Mai npl ant 10,035 7,421 (3,074) 2,
603 17,927
Others 2,611 2,002 109 859 3,645
Temporaryerecti on 42 52 25 53 16
Watersuppl y,drai nageand seweragesystem 370 120 (9) 69 430
Hydraul i
cworks,barrages,dams,tunnel sand powerchannel 18,690 5,922 1,573 - 23,039
MGRtrackand si gnal li
ngsystem 2,729 1,014 21 306 3,416
Railwaysi di ng 637 436 14 - 1,059
Earthdam reservoi r 890 189 (28) 41 1,066
Plantand machi nery 155,262 83,775 2,556 38,
069 198,412
Furniture,fixturesand otherofficeequi pment 68 137 8 143 54
EDP/WPmachi nes& satcom equi pment 31 108 12 117 10
Vehi cles - 3 - 1 2
Constructi onequi pments - 43 2 41 -
Electricalinstallations 702 412 228 414 472
Communi cati
onequi pment 22 42 16 28 20
Hospi talEqui pments - 2 - 2 -
Laboratoryand Workshop Equi pments - 16 (2) 16 2
Intangi bleassets- software 1 14 1 9 5
Capi talexpendi tureonassetsnotowned bythecompany 738 1,426 41 470 1,653
Expl oratorywel ls-in-progress 32 45 - - 77
Devel opmentofcoalmi nes 967 392 1 - 1,358
205,288 105,988 4,884 43,
413 262,979
Expendi ture pendi ng allocation
Survey,investigation,consul tancyand supervisi
oncharges 691 165 23 - 833
Differencei nexchangeonforei gncurrencyloans 2,063 (10,984) (6,457) - (2,464)
Expendi turetowardsdi versi
onofforestland 1,677 3 - - 1,680
Pre-commi sioni
ngexpenses(net) 233 498 728 - 3
Expendi tureduri ngconstructi onperi
od (net) 2,407 20,337* (42) - 22,786
Less:Al l
ocated to related works - 18,049 - - 18,049
212,359 97,958 (864) 43,
413 267,768
Less:Provi
sionforunservi
ceabl
eworks 148 - 4 - 144
Total 212,211 97,958 (868) 43,
413 267,624
Previ
ousyear 184,
389 121,
880 21,
302 72,
756 212,
211
* Brought from Expendi

ture duri
ng constructi
on peri
od (net)- Schedule 25

ll
ion
As at March 31, 2010 2009
Schedule 8
CONSTRUCTION STORES AND ADVANCES
CONSTRUCTION STORES*
(Atcost)
Steel 9,816 10,
844
Cement 222 169
Others 9,354 6,
365
19,392 17,
378
Less:Provi
sionforshortages 12 11
19,380 17,
367
ADVANCESFORCAPI TALEXPENDI TURE
Secured 4 1,
273
Unsecured,considered good
Covered bybankguarantees 26,264 28,
757
Others 7,771 4,
441
Considered doubtful 22 67
34,061 34,
538
Less:
Provi
sionforbad & doubtfuladvances 22 67
34,039 34,
471
Total 53,419 51,
838
*I
ncl
udesmateri
ali
ntransi
t,underi
nspecti
onand wi
thcontractors 11,781 9,
433
As at March 31, 2010 2009

Schedule 9
INVESTMENTS
(Val
uati
onasperAccounti
ngPol
icyNo.10) Numberof Faceval ueper
shares/bonds/ share/bond/
securi
ti
es securi ty
CurrentYear/ CurrentYear/
(PreviousYear) (PreviousYear)
(Rs.)
I. LONG TERM (Trade - unless otherwi
se specified)
A) Quoted
a) Government ofIndi a Dated Securiti
es (Non-Trade) - - - 1,
875
(19139000) (100)
Less:Amorti
sati
onofPremi
um - 10
- 1,
865
b) EquityShares (fullypai
d-up)
PTC I
ndi
aLtd. 12000000 10 120 120
(12000000) (10)
Sub Total (A) 120 1,
985
B) Unquoted (fullypai
d-up)
a) Bonds
i
) 8.50 % Tax-Free State Government Speci
al Bonds
ofthe Government of(#)
AndhraPradesh 7563900 1000 7,564 8,
824
(8824550) (1000)
Assam 308784 1000 309 360
(360248) (1000)
Bi
har 11366400 1000 11,366 13,
261
(13260800) (1000)
Chatti
sgarh 2899320 1000 2,899 3,
382
(3382540) (1000)
Guj
arat 5023440 1000 5,024 5,
861
(5860680) (1000)

As at March 31, 2010 2009
Schedule 9
INVESTMENTS
(Val
uati
onasperAccounti
ngPol
securi
ti
es securi ty
(Previ ousYear) (PreviousYear)
(Rs.)
Haryana 6450000 1000 6,450 7,
525
(7525000) (1000)
Hi
machalPradesh 200328 1000 200 234
(233716) (1000)
Jammuand Kashmi
r 2204160 1000 2,204 2,
571
(2571520) (1000)
Jharkhand 5760736 1000 5,761 6,
721
(6720856) (1000)
Keral
a 6014400 1000 6,014 7,
017
(7016800) (1000)
MadhyaPradesh 4985040 1000 4,985 5,
816
(5815880) (1000)
Maharashtra 2288400 1000 2,289 2,
670
(2669800) (1000)
Ori
ssa 6617244 1000 6,617 7,
720
(7720118) (1000)
Punj
ab 2077380 1000 2,077 2,
424
(2423610) (1000)
Raj
asthan 870000 1000 870 1160
(1160000) (1000)
Si
kki
m 205176 1000 205 239
(239372) (1000)
UttarPradesh 23939400 1000 23,939 27,
929
(27929300) (1000)
Uttaranchal 2397900 1000 2,398 2,
798
(2797550) (1000)
WestBengal 7045448 1000 7,046 8,
220
(8219736) (1000)
i
i) Other Bonds
10.00 % Secured Non-Cumul ativeNon-Converti bleRedeemabl e Grid Corporati
on - - - 47
ofOri ssa(GRI
DCO) PowerBonds,Seri es-1/2003,06/2002,06/2009 (3744) (12500)
10.00 % Secured Non-Cumul ativeNon-Converti bleRedeemabl eGrid Corporation - - - 47
ofOri ssa(GRIDCO) PowerBonds,Seri es-1/2003,09/2002,09/2009 (3780) (12500)
10.00 % Secured Non-Cumul ativeNon-Converti bl eRedeemabl e Gri
d Corporation - - - 149
ofOri ssa(GRIDCO) PowerBonds,Seri es-1/2003 - 10/2002,10/2009 (5970) (25000)
b) Equi tyShares in Joi
nt Venture Compani es
Uti
lityPowertechLtd. (i
ncludes1, 000,000 bonusshares) 2000000 10 10 10
(2000000) (10)
NTPC-Al
stom PowerServi
cesPri
vateLtd. 3000000 10 30 30
(3000000) (10)
NTPC-SAI
LPowerCompany Pri
vateLtd. 475250050 10 4,752 4,
752
(475250050) (10)
NTPC-Tami
lNaduEnergyCompanyLtd. 425000000 10 4250 1,
900
(190000000) (10)
Ratnagi
riGas& PowerPri
vateLtd. 592900000 10 5,929 5,
000
(500000000) (10)
Araval
iPowerCompanyPri
vateLtd. 658524200 10 6,585 4,
585
(458524200) (10)
NTPC-SCCLGl obalVenturesPri
vateLtd. 50000 10 * *
(*Current/previousyearRs.5,
00,000/-) (50000) (10)

As at March 31, 2010 2009
Schedule 9
INVESTMENTS
(Val
uati
onasperAccounti
ngPol
securiti
es securi ty
(Rs.)
NTPC BHELPowerProj ectsPrivateLtd. 25000000 10 250 1*
(*previ
ousyearRs.5,00,000/-) (50000) (10)
MejaUrjaNigam PrivateLimited 30179800 10 302 1
(100000) (10)
BF-NTPC EnergySystemsLtd. 1029000 10 10 1*
(*previ
ousyearRs.4,90,
000/-) (49000) (10)
NationalPowerExchangeLtd. 833500 10 8 8
(833500) (10)
Nabi nagarPowerGenerati ngCompanyPri
vateLtd. 50000 10 1* 1*
(*current/previ
ousyearRs.5,00,
000/-) (50000) (10)
Transformerand Electri
calKeral
aLtd. 19163438 10 314 -
(-) (10)
Nati
onalHi
ghPowerTestLabortoryPri
vateLtd. 875000 10 9 -
(-) (-)
I
nternati
onalCoalVenturesLtd. 100000 10 1 -
(-) (-)
c) Equi
tyShares i
n Subsi
diaryCompani
es
Pi
pavavPowerDevelopmentCompanyLtd. 375000 10 4 4
(375000) (10)
NTPC ElectricSupplyCompanyLtd. 80910 10 * *
ousyearRs.8,09,100/-)
*(current/previ (80910) (10)
NTPC Vi dyutVyaparNigam Ltd. 20000000 10 200 200
(20000000) (10)
NTPC Hydro Ltd. 100799040 10 1,008 924
(92426200) (10)
KantiBij
leeUtpadanNigam Ltd. 57151000 10 572 *
(FormerlyVaishal
iPowerGenerati
ngCompanyLtd.) (*previ
ousyearRs.5,
10,
000/-) (51000) (10)
Bharti
yaRailBij
leeCompanyLtd. 296000000 10 2,960 1,
850
(185000000) (10)
d) Shares i
n Cooperati
ve Soci
eti
es ß ß
Sub Total (B) 125,412 134,
242
C Share appli cati on moneypendi ng allotment i

n:
NTPC Hydro Ltd. 18 3
KantiBi j
leeUtpadanNi gam Ltd. 22 594
(Formerl yVaishal iPowerGenerati ngCompanyLtd.)
BhartiyaRailBij
l eeCompanyLtd. 712 571
NTPC-Tami l
naduEnergyCompanyLtd., 155 160
RatnagiriGas& PowerPri vateLtd. 1,000 1,
929
Mej aUrj aNigam Pri vateLimited 192 301
NTPC BHELPowerProj ectsPrivateLtd. - 50
Nabi nagarPowerGenerati ngCompanyPvt.Ltd. 950 -
BF-NTPC EnergySystemsLtd. 49 -
EnergyEfficiencyServi cesLtd. 6 -
Sub Total (C) 3,104 3,
608
Total (I) 128,636 139,
835
II. CURRENT (Non-trade - unquoted)
Mutual Funds
SBI -SHFUl traShortterm Fund -I P- DDR* 424791050 10 4,250 -
(-) (-)

As at March 31, 2010 2009
Schedule 9
INVESTMENTS
(Val
uati
onasperAccounti
ngPol
securi
ti
es securi ty
(Rs.)
UTITreasuryAdvantageFund - I
P- DDR 7681994 1000 7,684 -
(-) (-)
CanaraRobeco TreasuryAdvantageSuper- I
P-DDR 604553577 10 7,501 -
(-) (-)
Total (II) 19,435 -
Total (I + II) 148,071 139,
835
Quoted Investments
BookVal ue 120 1,
985
MarketValue 1,336 2,
755
Unquoted Investments
BookVal ue 147,951 137,
850
(#) IncludesbondsofRs.65,333 mi ll
ion (PreviousyearRs.65,
623 mi l
li
on) permitted for
transfer/tradi
ngbyReserveBankofIndia. Balancecanbetransferred/traded subject
to priorapprovalofReserveBankofIndi a.
Detail
sofpurchaseand sal eofcurrentinvestmentsduri
ngtheyear
Mutual Funds No.ofUni ts Purchase Cost
SBI
-Magnum I nstaCashFund-DDR 701,540,002 11,751
SBIPremierLiqui d Fund Super-I P-DDR 598, 839,538 6,008
SBI
-SHFUl traShortTerm Fund-I P-DDR 1,
024, 023,977 10,246
UTILiquid CashPl anInstituti
onal-DDR 23,509,975 23,967
UTITreasuryAdvantageFund-I P-DDR 1,999,572 2,000
CanaraRobeco Li qui d Super- IP-DDR 2,
404,768,759 24,146
CanaraRobeco TreasuryAdvantageSuper- I P-DDR 616,951,242 7,655
* I
nsti
tuti
onalPl
an- Dai
lyDi
vidend Rei
nvestment
Rs. Rs.
ß Shares i
n Co-operati
ve soci
eti
es (unquoted) 2010 2009
NTPC Empl
oyeesConsumersand Thri
ftCo-operati
veSoci
etyLtd. Korba 500 10 5,000 5,
000
(500) (10)
NTPC Empl
oyeesConsumersand Thri
ftCooperati
veSoci
etyLtd. Ramagundam 250 10 2,500 2,
500
(250) (10)
NTPC Empl
oyeesConsumersCooperati
veSoci
etyLtd. Farakka 500 10 5,000 5,
000
(500) (10)
NTPC Empl
veSoci
etyLtd. Vi
ndhyachal 108 25 2,700 2,
700
(108) (25)
NTPC Empl
veSoci
etyLtd. Anta 500 10 5,000 5,
000
(500) (10)
NTPC Empl
veSoci
etyLtd. Kawas 500 10 5,000 5,
000
(500) (10)
NTPC Empl
veSoci
etyLtd. Kani
ha 250 20 5,000 5,
000
(250) (20)
30,200 30,
200

ll
ion
As at March 31, 2010 2009
Schedule 10
INVENTORIES
(Valuati
onasperAccountingPol
icyNo.11)
Componentsand spares 16,500 15,
662
Loosetool s 50 46
Coal 11,175 11,
133
Fueloil 1,716 1,
797
Naphtha 1,001 860
Chemi cals& consumabl
es 298 281
SteelScrap 120 116
Others 3,121 3,
029
33,981 32,
924
Less: Provi sionforshortages 30 51
Provi
sionforobsol ete/unservi
ceablei tems/
dimuni ti
oni
nvalueofsurpl usinventory 474 439
Total 33,477 32,
434
Inventori
esincludematerialintransi
t,underi nspecti
onand wi
thcontractors 1,584 1,
527
Schedule 11
SUNDRYDEBTORS
(Consi
dered good,unlessotherwi
sestated)
Debtsoutstandingoversi
xmonths
Unsecured,consi
dered doubtful 8,361 8,
361
8,361 8,
361
Otherdebts
Unsecured 66,514 35,842
74,875 44,203
Less:Provi
sionforbad & doubtfuldebts 8,361 8361
Total 66,514 35,842
Schedule 12
CASH & BANK BALANCES
Cashonhand 25 15
(i
ncludescheques,drafts,stampsonhand Rs.25 mi lli
on,previousyearRs.15 mi
ll
ion)
Balancewi thReserveBankofIndiaearmarked forfixed depositsfrom publi
c 308 308
Balanceswi thscheduled banks
CurrentAccounts(a) 6007 2,
395
Term DepositAccounts(b) 138,255 159,
998
Total 144,595 162,
716
(a) I
ncludesRs.226 mi lli
on ofUnclai
med Dividend (Previ
ousyearRs.58 mil
li
on)
(b) Rs.116 mi
lli
on (PreviousyearRs.103 mi
ll
ion) deposited assecuri
tywithGovernmentAuthori
ti
es/Othersaspercourtorders

ll
ion
As at March 31, 2010 2009
Schedule 13
OTHER CURRENT ASSETS
I
nterestaccrued :
Bonds 4,525 5,
236
GovernmentofI ndi
adated securi
ti
es - 47
Term deposits 3,607 4,
242
Others 138 138
Otherrecoverables 149 120
Others 21 11
Total 8,440 9,
794
Schedule 14
LOANS AND ADVANCES
(Considered good,unl essotherwi sestated)
LOANS
Empl oyees(i ncludingaccrued i nterest)
Secured 4,002 3,
927
Unsecured 1,167 1,
044
Loanto StateGovernmenti nsettl ementofduesfrom customers
Unsecured 6,222 7,
179
Loanto aSubsi diaryCompany(i ncludingaccrued i nterest)
Secured 263 308
Others
Secured 1,917 2,
200
Unsecured 1 1
ADVANCES
(Recoverablei ncashori nkind orforval ueto berecei ved)
SubsidiaryCompani es
Unsecured 270 247
Contractors& suppl i
ers,i
ncludi ngmateri ali
ssued onl oan
Secured 24 134
Unsecured 11,904 9,
911
Empl oyees(i ncludingi mprest)
Unsecured 1,539 3,
283
Advancetax& taxdeducted atsource 91,101 69,
697
Less:Provisi
onfortaxati on 70,457 34,
734
20,644 34,
963
Others
Unsecured 796 599
Cl
aimsrecoverable
Unsecured 4,830 3,
325
53,766 67,
311
Less:Provi
sionforbad and doubtfull
oans,advancesand cl
aims 187 190
53,579 67,
121
DEPOSI TS
Deposi tswi thcustoms,porttrustand others(#) 1,552 1,
346
Total 55,131 68,
467
(#) Sal
esTaxdeposi ted underprotestwi thsal
estaxauthori
ti
es 115 271
Duefrom Di rectors& OfficersoftheCompany
Di
rectors 1 3
Officers 904 1,
145
Maxi mum amountoutstandi ngduringtheyear
Di
rectors 4 3
Officers 1,820 1,
443

ll
ion
As at March 31, 2010 2009
Schedule 15
CURRENT LIABILITIES
Sundry Credi tors
Forcapitalexpendi ture
Micro & Smal lEnterprises(#Rs.2,
71,460/- ,*Rs.2,03,017/-) # *
Others 30,091 23,
673
Forgoodsand servi ces
Micro & Smal lEnterprises 5 10
Others 25,810 28,
392
Bookoverdraft 153 115
Deposits,retentionmoneyfrom contractorsand others 12,904 12,
411
Less:Bankdeposi ts/Investmentsheld assecurity 119 132
68,844 64,
469
Advancesfrom customersand others 2,935 4,
520
Otherl iabil
iti
es 1,356 1,
951
Uncl aimed di vi
dend (#) 226 58
Interestaccrued butnotdue:
Loansfrom GovernmentofI ndi
a(*Rs.60,
080/-) - *
Forei
gncurrencyl oans/bonds 322 443
Rupeeterm l oans 1,191 921
Bonds 1,992 2,
025
Fi
xed deposi tsfrom publ i
c 10 4
Total 76,876 74,
391
(#) No amounti sdueforpaymentto I nvestorEducati
onand Protecti
onFund
Schedule 16
PROVISIONS
I
ncome/FringeBenefitTax
Asperl astbal
ancesheet - -
Addi ti
onsduri ngtheyear 19,482 11,594
Amountadj usted duri
ngtheyear (50,975) (23,140)
Less:Setoffagainsttaxespai
d 70,457 34,734
- -
Proposed dividend
Asperl astbal
ancesheet 6,596 6,
596
Additi
onsduri ngtheyear 6,596 6,
596
Amountsused duri ngtheyear 6,596 6,
596
6,596 6,
596
Taxonproposed dividend
Asperl astbal
ancesheet 1,103 1,
121
Additi
onsduringtheyear 1,072 1,
103
Amountspai d duri
ngtheyear 1,103 1,
121
1,072 1,
103
Employeebenefits
Asperl astbal
ancesheet 21,927 15,
293
Additi
onsduri ngtheyear 7,278 8,
541
Amountspai d duri
ngtheyear 8,642 1,
907
Amountsreversed duri
ngtheyear 218 -
20,345 21,
927
Obl
igati
onsi nci
dentalto l
and acqui
siti
on
Asperl astbalancesheet 2,842 -
Addi ti
onsduri ngtheyear 222 2,
842
Amountspai d duri
ngtheyear 361 -
Amountsreversed duri ngtheyear 35 -
2,668 2,
842
Others
Asperl astbal
ancesheet 27 806
Additi
onsduri ngtheyear 2 5
Amountsadj usted duri
ngtheyear - 783
Amountsreversed duringtheyear 5 1
24 27
Total 30,705 32,
495

Schedules to the Profit & Loss Account Rs. mi
ll
ion
For the year ended March 31, 2010 2009
Schedule 17
SALES
EnergySal
es(i
ncludingEl ectri
cityDuty) * 460,575 423,
861
Less:Advanceagainstdepreci ationdeferred (net) (84) 5,
626
Add :Revenuerecogni zed outofadvanceagai nstdepreci
ati
on 3,168 -
Add :Exchangefluctuati
onrecei vabl
efrom customers 319 1,
894
464,146 420,
129
Consultancy,proj
ectmanagementand supervi
sionfees(i
ncl
udi
ngturnkeyconstructi
onproj
ects) 1,539 1,
325
Total 465,685 421,
454
* I udes(-) Rs.7,199 mi
ncl lli
on (Previ
ousyearRs.7,
583 mi
ll
ion) onaccountofi ncometaxrecoverablefrom customersasperCERC Regul
ati
ons,2004
and Rs.2,485 mi lli
on (PreviousyearNil
) onaccountofdeferred taxrecoverablefrom customersasperCERC Regulati
ons,2009
Schedule 18
PROVISIONS WRITTEN BACK
DoubtfulDebts 1 1
Doubtfulloans,advancesand cl aims 4 145
Doubtfulconstructi
onadvances 45 -
Shortageinconstructionstores 7 4
Shortageinstores 20 11
Obsol escence/Di
muni ti
oni nvalueofsurpl
usstores 41 8
UnserviceableCapitalwork-in-progress 5 -
Others 5 1
128 170

ll
ion
Schedule 19
OTHER INCOME
Income from Long Term Investments
Trade
Dividend from Subsidi
ari es 105 78
Dividend from JointVentures 68 60
Interest
GovernmentSecurities(8.5% taxfreebondsi ssued bytheStateGovernments) 9,401 10,
805
OtherBonds(Gross) (Taxdeducted atsourceRs.4 mi lli
on,Previ
ousyearRs.12 mi
ll
ion) 7 43
Non-Trade
Interestfrom GovernmentofI ndi
aSecuri ti
es(Gross) 18 131
Less:Amorti sati
onofpremi um - 10
18 121
Profitonredempti onofInvestments 50 -
Income from Current Investments (Non-Trade)
Dividend from MutualFund I nvestments 604 361
Income from Others
Interest(Gross) (Taxdeducted atsourceRs.1,948 mi
lli
on,previousyear
Rs.3,672 mi ll
ion)
Loanto StateGovernmenti nsettl
ementofduesfrom customers 590 671
Indianbanks 13,429 15,
803
Foreignbanks - (15)
Empl oyees'l oans 165 175
Customers 600 967
Others 669 530
Subsi di
aryCompany 35 42
InterestonI ncomeTaxrefunds 4,526 3,
306
Less:Refundabl eto customers 4,526 1,
107
- 2,
199
Surchargerecei ved from customers 623 67
Hirechargesforequi pment 28 13
Profitondisposaloffixed assets 70 127
Exchangedi fferences 291 24
Miscel l
aneousi ncome 2,254 1,
150
29,007 33,
221
Less: Transferred to Expendi tureduri
ngconstructi
on
period (net) - Schedule25 379 413
Transferred to Deferred Forei
gnCurrencyFluctuati
onLi
abi
li
ty 66 268
Transferred to Developmentofcoalmi nes - 1
Total 28,562 32,
539
Schedule 20
EMPLOYEES'REMUNERATION AND BENEFITS
Sal
aries,wages,bonus,al
lowances& benefits 23,351 19,
677
Contributi
onto provi
dentand otherfunds 3,315 6,
130
Welfareexpenses 2,802 3,
169
29,468 28,
976
Less:Al located to fuelcost 1,522 1,
228
Transferred to devel opmentofcoalmi nes 219 158
Transferred to expendi tureduri
ngconstructi
onperi
od (net) - Schedul
e25 3,603 2,
959
Total 24,124 24,
631

ll
ion
Schedule 21
GENERATION, ADMINISTRATION & OTHER EXPENSES
Powercharges 1,109 1,
010
Less:Recovered from contractors& empl
oyees 142 126
967 884
Watercharges 1,296 932
Storesconsumed 311 310
Rent 216 158
Less:Recoveri
es 62 56
154 102
Repai
rs& mai ntenance
Buildings 1,054 940
Plant& machi nery
Powerstations 10,960 9,
379
Constructi
onequi
pment 6 9
10,966 9,
388
Others 882 804
Insurance 795 461
Ratesand taxes 228 198
Watercess& envi ronmentprotectioncess 262 255
Traini
ng& recrui
tmentexpenses 725 417
Less:Feesforappl i
cati
onand trai
ning 40 36
685 381
Communi cati
onexpenses 331 275
Travel
li
ngexpenses 1,340 1,
274
Tenderexpenses 235 217
Less:Receiptfrom sal
eoftenders 19 20
216 197
Paymentto auditors 24 25
Advertisementand publ
ici
ty 156 109
Securityexpenses 2,245 1,
663
Entertai
nmentexpenses 114 137
Expensesforguesthouse 112 94
Less:Recoveri
es 13 12
99 82
Educationexpenses 216 183
Brokerage& commi ssi
on 17 14
Donations 5 1
Communi tydevelopmentand wel
fareexpenses 205 138
Less:Grants-i
n-ai
d 1 9
204 129
Ashutili
sati
on& marketi
ngexpenses 22 47
Less:Sal
eofashproducts 1 -
21 47
Directorssi
tti
ngfee 3 2
Booksand peri odical
s 19 17
Professi
onalchargesand consul
tancyfees 411 292
Less:Grants-i
n-ai
d 16 -
395 292
Legalexpenses 111 46
EDPhi reand othercharges 162 122
Pri
ntingand stationery 109 102
Oi l& gasexpl orati
onexpenses 34 87
Claims/advanceswri ttenoff - 2
Hiringofvehi les 369 316
Mi scell
aneousexpenses 599 1,
027
Storeswri ttenoff 2 2
Survey&I nvestigati
onexpenseswri ttenoff 43 36
Lossondi sposal/write-offoffixed assets 276 403
24,710 21,
245
Less:Al located to fuelcost 1,829 1,
450
Transferred to developmentofcoalmi nes 174 84
Transferred to Expenditureduri
ngconstructionperiod (net) - Schedul
e25 1,767 1,
519
Total 20,940 18,
192
Sparesconsumpti oni ncl
uded inrepairsand maintenance 6,628 5,
922

ll
ion
Schedule 22
PROVISIONS
Doubtfuladvancesand cl aims 1 4
Shortagei nstores 18 41
Obsol ete/Di
muni ti
oni ntheval ueofsurplusstores 76 172
Shortagei nconstructionstores 9 8
Unserviceablecapi talwork-in-progress 3 16
Others 2 5
Total 109 246
Schedule 23
INTEREST AND FINANCE CHARGES
Interest on :
Bonds 7,664 6,
052
Loansfrom GovernmentofI ndi
a - 5
Foreigncurrencyterm loans 1,883 2,
301
Rupeeterm l oans 13,530 11,
361
Publ i
cdeposi ts 11 3
Foreigncurrencybonds/notes 1,704 1,
738
Amountspayabl eto customers 14 72
Others 386 701
Exchangedi fferencesregarded asadjustmentto i
nterestcost 1 2,
688
25,193 24,
921
Fi
nance Charges :
Bondsservicing& publ icdepositexpenses 19 18
Guaranteefee 397 339
Managementfee 3 1
Commi tmentcharges/exposurepremium 27 9
Rebateto customers 6,937 6,
700
ReimbursementofL.C.chargesonsal esreal
isati
on 72 133
Bankcharges 27 21
Bond issueexpenses 5 45
Legalexpensesonforei gncurrencyloans 1 -
Forei
gncurrencybonds/notesexpenses 1 1
Up-frontend fee 206 -
Others 9 26
7,704 7,
293
Sub-Total 32,897 32,
214
Less:Transferred to Expendi
tureduri
ngconstructi
onperi
od (net) - Schedul
e25 14,808 12,
252
Total 18,089 19,
962

ll
ion
Schedule 24
PRIOR PERIOD INCOME/EXPENDITURE (NET)
INCOME
Sal
es (325) 4,
640
Others 25 26
(300) 4,
666
EXPENDITURE
Salary,wages,bonus,al lowances& benefits (994) (5)
Repai rsand Mai ntenance (3) 3
Depreci ati
on 166 (2,391)
Interestincludi ngexchangedi fferencesregarded as adj
ustmentto i
nterestcost 102 7,539
Travelli
ngexpenses (2) -
Insurance - (1)
Adverti sementand publ ici
ty 2 1
Professionalconsul tancycharges - 2
Rates& Taxes 5 (14)
PowerCharges 3 -
Rent 3 1
Depreci ati
onadj sutmentoutofDeferred Expenses/I ncomefrom ForeignCurrency - 736
Fluctuation
Exchangedi fferences 36 (469)
Others (56) 19
(738) 5,421
Net Expendi ture/(Income) (438) 755
Less: Transferred to Expendi tureduri
ngconstructi
onperi od (net) - Schedul
e25 346 (78)
Transferred to DevelopmentofCoalMi nes (5) -
Transferred to Deferred Forei
gnCurrencyFluctuati
onAsset/Li abili
ty - (250)
Total (779) 1,083

ll
ion
Schedule 25
EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
A. Employees remunerati on and other benefits
Salaries,wages,all
owancesand benefits 3,119 1,
949
Contri buti
onto provi
dentand otherfunds 337 678
Wel fareexpenses 147 332
Total (A) 3,603 2,
959
B. Other Expenses
Powercharges 565 502
Less:Recovered from contractors& empl
oyees 8 8
557 494
Watercharges 87 -
Rent 26 18
Repairs& maintenance
Bui l
dings 41 44
Constructionequipment 2 4
Others 76 92
119 140
Insurance 2 11
Ratesand taxes 4 23
Communi cati
onexpenses 38 36
Travell
ingexpenses 240 241
Tenderexpenses 65 62
Less:Incomefrom sal
eoftenders 1 1
64 61
Adverti sementand publ i
city 7 13
Securi tyexpenses 231 173
Entertai nmentexpenses 19 22
Guesthouseexpenses 22 8
Educati onexpenses 1 1
Booksand peri odi cal
s 7 6
Communi tydevelopmentexpenses 12 7
Professi onalchargesand consul
tancyfee 82 47
Legalexpenses 5 3
EDPHi reand othercharges 8 7
Printi
ngand stationery 10 8
Mi scellaneousexpenses 226 200
Total (B) 1,767 1,
519
C. Depreci
ati
on 192 141
Total (A+B+C) 5,562 4,

619

ll
ion
Schedule 25
EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
D. Interest and Fi nance Charges
Intereston
Bonds 4,748 3,
225
Forei
gncurrencyterm l oans 882 1,
179
Rupeeterm l oans 8,382 6,
305
Forei
gncurrencybonds/notes 472 651
Exchangedi fferencesregarded asadj
ustmentto i
nterestcost - 811
FinanceCharges
Commi tmentcharges 2 6
Forei
gncurrencybonds/notesexpenses - 2
UpfrontFee 206 -
Others 116 73
Total (D) 14,808 12,
252
E. Less:Other Income
I
nterestfrom
Indianbanks - 6
Foreignbanks - 7
Others 276 242
Hirecharges 19 12
Saleofscrap 1 4
Miscellaneousi
ncome 83 142
TOTAL (E) 379 413
F. Pri
or Peri
od Adj ustments 346 (78)
G. Income/Fringe Benefit Tax - 11
GRAND TOTAL (A+B+C+D-E+F+G) 20,337* 16,
391
* Balance carri
ed to Capi
tal Work-i
n-progress - (Schedule 7)

SCHEDULE-26
NOTES ON ACCOUNTS
1. a) The conveyanci ng ofthe ti tle to 10,884 acres offreehol dl and ofval ue Rs.5,071 mi llion (Previ ousyear10, 844 acresofval ue Rs.4, 950
mi lli
on) and bui ldi ngs& structuresval ued atRs.1,491 mi lli on (previ ousyearRs.1,137 mi llion),asal so executi onofl easeagreementsfor
8,958 acres ofl and ofval ueRs.2,447 mi llion (previ ousyear8,820 acres,val ueRs.2,720 mi lli
on) i nfavouroftheCompanyareawai ting
compl etionofl egalformal i ties.
b) Leasehol dl and i ncl udes30 acres val uing Rs.1 mi lli
on (previ ousyear30 acresval uing Rs.1 mi lli
on) acqui red on perpetuall ease and
accordi ngl ynotamorti sed.
c) Land doesnoti ncl udecostof1,181 acres (previ ousyear1,181 acres) ofl and i npossessi onoftheCompany. Thi swi llbeaccounted for
onsettl ementofthepri cethereofbytheStateGovernmentAuthori ties.
d) Land i ncl udes1,247 acres ofval ueRs.151 mi llion (previ ousyear1,223 acresofval ueRs.110 mi l
lion) noti npossessi onoftheCompany.
TheCompanyi staki ngappropri atestepsforrepossessi onofthesame.
e) Land i ncl udesan amountofRs.1,153 mi llion (previ ousyearRs.1, 243 mi lli
on) deposi ted wi th variousauthori ti
esi n respectofl and i n
possessi onwhi chi ssubj ectto adj ustmentonfinaldetermi nationofpri ce.
f) Possessi onofl and measuri ng98 acres (previ ousyear98 acres) consi stingof79 acres offree-hol dland (previ ousyear79 acres) and 19
acres ofl easehol dl and (previ ousyear19 acres) ofval ueRs.2 mi llion (previ ousyearRs.2 mi l
li
on) wastransferred to UttarPradeshRaj ya
Vi dyutUtpadanNi gam Ltd. (erstwhi leUPSEB) foraconsi derati onofRs.2 mi lli
on. Pendi ngapprovalfortransferofthesai dland,thearea
and val ueofthi sl and hasbeeni ncl uded i nthetotall and oftheCompany. Theconsi derati onrecei ved from erstwhi leUPSEBi sdiscl osed
under‘ OtherLi abi l
ities’i nSchedul e-15-‘ CurrentLi abi l
ities’ .
g) Duri ng the year,freehol dl and measuri ng 36 acres washanded overbythe GovernmentofUttarPradesh to Companyi n exchange of
freehol dl and measuri ng35 acres wi thoutanyfinanci alconsi derati on.
h) Thecostofri ghtofuseofl and forl ayi ngpi pelinesamounti ngto Rs.58 mi lli
on (previ ousyearRs.13 mi lli
on) i si ncluded underi ntangi bl e
assets. Theri ghtofuse,otherthanperpetuali nnature,areamorti sed overthel egalrightto use.
i) Costofacqui sitionoftheri ghtfordrawlofwateramounti ngtoRs.84 mi llion (previ ousyearni l )isincluded underi ntangi bleassets–Ri ght
ofUse- Others. Theri ghtofdrawlofwateri sforthi rtyyearsand thecosti saccordi ngl yamorti zed.
2 a) TheCentralEl ectri ci tyRegul atoryCommi ssi on(CERC) noti fied theTari ffRegul ations,2009 i nJanuary2009,contai ningi nter-ali
atheterms
and condi tionsfordetermi nati on oftari ffappl i
cabl e foraperi od offive yearswi th effectfrom 1stApri l2009. Pendi ng determi nati on of
station-wi setari ffbytheCERC,sal eshavebeenprovi sional lyrecogni zed atRs.444,739 mi llion duri ngtheyearended 31stMarch2010 on
thebasi sofpri nci pl esenunci ated i nthesai d Regul ationsonthecapi talcostconsi deri ngtheordersofAppel lateTri bunalforEl ectri ci ty
(ATE) forthetari ffperi od 2004-2009 i ncludi ngasreferred to i npara2 (e).
TheTari ffRegul ati ons,2009 provi dethatpendi ngdetermi nati onoftari ffbytheCERC,theCompanyhastoprovi sional lybi llthebenefici aries
atthe tari ffappl i
cabl e ason 31stMarch 2009 approved bythe CERC. The amountprovi sional lybi ll
ed duri ng the yearended 31stMarch
2010 onthi sbasi si sRs.437,651 mi llion.
b) Fortheuni tscommi ssi oned duri ngtheyear,pendi ngthedetermi nati onoftari ffbyCERC,sal esofRs.17,354 mi llion havebeenprovi si
onal ly
recogni sed on the basi s ofpri nci pl es enunci ated i n the Tari ffRegul ati ons,2009. The amountprovi si onal l
y bi lled forsuch uni ts i s
Rs.15,365 mi llion.
c) Sal esof(-) Rs.6,006 mi lli
on (previ ousyearRs.10,201 mi l lion) pertai ni ng to previ ousyearshasbeen recogni zed based on the orders
issued bytheCERC/ATE.
d) IntermsofRegul ati on39,CERC Tari ffRegul ations,2009,noti fied bytheCERC,theCompanyhasdetermi ned theamountoftheDeferred
Tax Li abi l
ity (net) materi ali
sed duri ng the yearpertai ni ng to the peri od upto 31st March 2009 by i denti fying the maj orchangesi n the
elementsofDeferred TaxLi abi lity/Asset,asrecoverabl efrom thebenefici ariesand accordi ngl yasum ofRs.2,485 mi llion (net) hasbeen
recogni sed asSal esduri ngtheyear.
e) Inrespectofstati ons/uni tswheretheCERChadi ssuedtari ffordersappl i
cabl efrom 1stApri l2004 to31stMarch2009,theCompanyaggri eved
overmanyofthe i ssuesasconsi dered bythe CERC i n the tari fforders,fil ed appeal swi th the ATE. The ATE di sposed offthe appeal s
favourabl ydi recti ngtheCERC to revi sethetari ffordersasperthedi recti onsand methodol ogygi ven. TheCERC fil ed anappealwi ththe
Hon’ bleSupremeCourtofI ndi aonsomeofthei ssuesdeci ded bytheATEwhi chi spendi ng. TheCompanyhassubmi tted thatitwoul d
notpressfordetermi nation ofthe tari ffbythe CERC asperATE orderspendi ng di sposalofthe appealbythe Hon’ bl e Supreme Court.
Consi dering expertl egalopi ni onsobtai ned that,i tisreasonabl e to expectul timate col lecti on,the sal esforthe tari ffperi od 2004-2009
amounti ng to Rs.10,443 mi lli
on were recogni sed i n earl ieryearsbased on provi sionaltari ffworked outby the Company asperthe
methodol ogyand di rectionsasdeci ded bythe ATE. Due to furtherCERC tari ffordersrecei ved duri ng the year,the provi sionalsal esof
Rs.10,443 mi llonhasnow beenreduced toRs.10,256 mi
i lli
on.Thesal esaccounted asabovei ssubj ecttofinaloutcomeofthedeci sion
oftheHon’ bleSupremeCourtofI ndi aandconsequenti aleffect,i fany,wi llbegi veninthefinanci alstatementsupondi sposaloftheappeal .
3. Sundrydebtors–OtherDebts,Unsecured (Schedul e11) i ncl udesRs.10,011 mi llion (previ ousyearRs.3, 901 mi ll
ion) towardsrevenueaccounted
inaccordancewi ththeaccounti ngpol icyno. 12.1 whi chi syetto bebi ll
ed.
4. GovernmentofI ndi ai nJanuary2006 noti fied theTari ffPol icyundertheprovi si onsoftheEl ectri ci tyAct,2003 whi chprovi desthattheratesof
depreciationnoti fied bytheCERCwoul d beappl icabl eforthepurposeoftari ffaswel lasaccounti ng. Subsequenttothenoti ficationoftheTari ff
Poli
cy,CERC throughRegul ati ons,2009 noti fied theratesofdepreci ati
on.
CERC exerci sing i tspowersunderSecti on 79 ofthe El ectricityAct,2003 requested the Mi ni stryofPowerto advi se the Mi ni stryofCorporate
Affai
rsto noti fy the ratesofdepreci ati on consi dered by the CERC fortari ffdetermi nation asdepreci ati
on underSecti on 205 (2) (c) ofthe
Compani esAct,1956. Mi nistryofCorporateAffai rsi syetto noti fysuchratesunderSecti on205 (2) (c) oftheCompani esAct,1956.

TheCompanyhasal soobtai ned l egalopi ni onsthattheTari ffPol icycannotoverri detheprovi sionsoftheCompani esAct,1956 and i ti srequi red to
fol low Schedul eXI V oftheCompani esAct,1956 i ntheabsenceofanyspeci ficprovi si
oni ntheEl ectri cityAct,2003. Henceprovi si onsofSecti on
616 oftheCompani esAct,1956 areal sonotappl i
cabl ei nthi sregard. Accordi ngly,theCompanyi schargi ngdepreci ationconsi stentl yattherates
speci fied inSchedul eXI V oftheCompani esAct,1956 wi theffectfrom thefinanci alyear2004-05 exceptasstated i naccounti ngpol icyno.12.2.1.
5. Dueto uncertai ntyofreal isationi ntheabsenceofsancti onbytheGovernmentofI ndi a(GOI ),theCompany’ sshareofnetannualprofitsofone
ofthestati onstakenoverbytheCompanyi nJune2006 fortheperi od 1stApri l1986 to 31stMay2006 amounti ngto Rs.1,155 mi lli on (previ ous
yearRs.1, 155 mi l
lion) bei ngbal ancerecei vabl ei ntermsofthemanagementcontractwi ththeGOIhasnotbeenrecogni sed.
6. Thepayrevi sionoftheempl oyeesoftheCompanywasduew.e.f.1stJanuary2007.
Based onthegui del inesi ssued byDepartmentofPubl icEnterpri ses(DPE),GovernmentofI ndi a(GOI ),thepayrevi sionoftheexecuti vecategory
ofempl oyeeshasbeen approved duri ng the year. Pendi ng final i
sati on ofpayrevi sion in respectofempl oyeesi n the non-executi ve category,
provi sionofRs.3,145 mi llion and Rs.6,590 mi llion (previ ousyearRs.1,767 mi l
lionand Rs. 3, 445 mi l
lion) hasbeenmadefortheyearand upto
yearrespecti vel yonanesti mated basi shavi ngregard to thegui del i
nesi ssued byDPE. A sum ofRs.1,387 mi llion (previ ousyearRs.748 mi ll
ion)
pai d asadhocadvancetowardspayrevi si
ontotheempl oyeesi nthenon-executi vecategoryi si ncl uded i n‘ Loansand Advances’(Schedul e14).
7. Theamountrei mbursabl eto GOIi ntermsofPubl icNoti ceNo.38 dated 5th November,1999 and Publ icNoti ceNo.42 dated 10th October,2002
towardscashequi valentoftherel evantdeemed exportbenefitspai d byGOIto thecontractorsforoneofthestati onsamounted to Rs.2,768
mi lli
on (previ ousyearRs.2, 768 mi ll
ion) outofwhi ch Rs.2,696 mi llion (previ ousyearRs.2,696 mi ll
ion) hasbeen deposi ted wi th the GOIand
liabi l
ityforthe bal ance amountofRs.72 mi lli
on (previ ousyearRs.72 mi ll
ion) hasbeen provi ded for. No i nteresthasbeen provi ded on the
rei mbursabl eamountsastherei sno sti pulationforpaymentofi nteresti nthepubl icnoti cesci ted above.
8. Asperthe di recti on ofthe Mi nistry ofPower(MOP),a memorandum ofunderstandi ng wassi gned between the Company,Guj aratPower
Corporati onLtd. (GPCL) and Guj aratEl ectricityBoard (GEB) on20th February2004 to setup Pi pavavPowerProj ect. TheCompanydi sassoci ated
from the Pi pavavPowerProj ect,awhol l
yowned subsi diaryofthe Company,on 24th May2007 afterobtai ning approvalfrom the MOP. MOP,
GovernmentofI ndi a,conveyed i tsapprovalvi de Presi denti alDi recti ve No. 5/5/2004-TH-I Idated 3rd Jul y2009 forwi ndi ng-up ofthe Pi pavav
PowerDevel opmentCompanyLtd. (PPDCL) pendi ngfinalsettl ementofcl aimswi thGPCL/GovernmentofGuj arat.TheBoard ofDi rectorsofNTPC
Ltd. haveal so gi venconsentforwi ndi ngup ofthePPDCL.
MOP,GOIthrough i tsfurtherPresi dentialDi recti ve No. 5/5/2004-TH-I Idated 15th Apri l2010 conveyed the approvalofGOIto permi tNTPC
forwi ndi ng up ofPPDCLthrough stri king offthe name underSecti on 560 ofthe Compani esAct,1956. Accordi ngl y,necessary appl icati on/
decl arationshave been fil ed wi th the Regi strarofCompani es(ROC) forstri ki
ng offthe name ofthe Companyfrom the Regi sterofCompani es
mai ntained bytheROC.
Pendi ng l iqui dati on ofthe PPDCL,an amountofRs.4 mi lli
on (Previ ousyearRs.4 mi ll
ion) recei ved from GPCLi si ncluded i n otherl iabi l
iti
es
under‘ CurrentLi abi li
ties’(Schedul e-15). Asful lamounthasbeen recei ved towardsequi tyi nvested,no provi sion isconsi dered necessaryfor
di mi nutioni ntheval ueofi nvestment.
9. Consequentto thenoti ficati onno.S.O.2804 (E) dated 3rd November2009,i ssued byMi nistryofEnvi ronmentand Forest(MoEF),Governmentof
Indi a,di rect/i ndi rectexpensesrel atingto flyashfortheperi od from 3rd November2009 to 31stMarch2010 amounti ngto Rs.8 mi llion hasbeen
adj usted from ‘ Ash Uti l
isati on and Marketi ng Expenses’(Schedul e 21) and transferred to the subsi di arycompanyNTPC Vi dyutVyapaarNi gam
Limi ted foradj ustmentwi threserve. Thereservei ntermsofthesai d noti ficationi smai ntained bythesai d subsi di arycompany.
10. Asaresul tofi ssuance ofthe New CoalDi stributi on Pol icy(NCDP) byMi ni
stryofCoali n October2007,the Companyand CoalI ndi aLtd (CI L)
renegoti ated the ModelCoalSuppl yAgreement(CSA) and ModelCSA wassi gned between the Company& CI Lon 29th May2009. Based on
theModelCSA,coalsuppl yagreementshavebeensi gned wi ththevari oussubsi diarycompani esofCI Lbyal lexcepti ngthreeofthecoalbased
stati onsoftheCompany. TheCSAsareval id foraperi od of20 yearswi thaprovi sionforrevi ew afterevery5 years.
11. TheCompanychal l
enged thel evyoftransi tfee/entrytaxonsuppl i
esofcoaltosomeofi tspowerstati onsand haspai d underprotestsuchtransi t
fee/entrytaxto CoalCompani es/Sal esTaxAuthori ties. Further,i nl inewi ththeagreementwi thGAI LI ndiaLtd.,theCompanyhasal so pai d entry
taxand sal estaxontransmi ssi onchargesi nrespectofsuppl i
esmadetovari ousstati onsi nthestateofUttarPradesh. GAI LI ndi aLtd. haspai d such
taxesto theappropri ateauthori tiesunderprotestand fil ed apeti tionbeforetheHon’ bl eHi ghCourtofAl lahabad chal lengi ngtheappl icabi l
ity
ofrel evantAct. I n case the Companygetsrefund from CoalCompani es/Sal esTaxAuthori ties/GAI LI ndiaLtd. on settl ementofthese cases,the
samewi llbepassed onto respecti vebenefici aries.
12. Fixed assets,capi talwork-i n-progressand constructi on storesand advancesi ncl ude Rs.6,765 mi llion in respectofone ofthe hydro power
proj ect,theconstructi onofwhi chhasbeensuspended temporari yfrom 18th May2009 ontheadvi
l ceoftheMi nistryofPower,GOI . Presentl y,
the i ssue regardi ng resumpti on ofthe proj ecti sunderconsi derati on wi th the GOI . Pendi ng deci sion,borrowi ng costsofRs.237 mi lli
on have
notbeencapi talised from thedateofsuspensi on.
13. Progressofworkunderthecontractforsteam generatorand auxi l
iari espackageatoneoftheproj ecthasbeenaffected dueto certai ndi sputes
wi ththecontractor.Whi l
ethecontractualand otherrel ated i ssuesareunderdel iberati on,thecontractconti nuesto bei nforceand suppl i
esof
equi pment/structurali temshavebeenmadebythecontractorduri ngtheyear. Constructi onofothersystemsfortheproj ecti sal so i nprogress.
Si nceacti vitiesthatarenecessaryto preparetheassetfori tsi ntended usearei nprogress,borrowi ngcostsconti nueto becapi tal ised.
14. Issuesrel ated totheeval uati onofperformanceand guaranteetestresul tsofsteam/turbi negeneratorsatsomeofthestati onsareunderdi scussi on
wi ththeequi pmentsuppl ier.Pendi ngsettl ement,l i quidateddamagesforshortfal linperformanceoftheseequi pmentshavenotbeenrecogni sed.
15. TheCompanyi sexecuti ngathermalpowerproj ecti nrespectofwhi chpossessi oncerti ficatesfor1,489 acresofl and hasbeenhanded overto
theCompanyand al lstatutoryand envi ronmentcl earancesfortheproj ecthavebeenrecei ved. Subsequentl y,ahi ghpowercommi tteehasbeen
consti tuted asperthe di recti onsofGOIto expl ore al ternate l ocati on ofthe proj ectsi nce presentl ocati on isstated to be acoalbeari ng area.
Aggregatecosti ncurred up to 31stMarch2010 Rs.1,831 mi llion isi ncluded i nFi xed Assets(Schedul es6,7 and 8). Managementi sconfidentof
recoveryofcosti ncurred,henceno provi si oni sconsi dered necessary.
16. a) Certai nl oans& advancesand credi torsi nsofarasthesehavesi ncenotbeenreal ised/di scharged oradj usted aresubj ecttoconfirmati on/
reconci li
ationand consequenti aladj ustment,i fany.

b) I
ntheopini
onofthemanagement,theval
ueofcurrentassets,l
oansand advancesonreal
isati
oni
ntheordi
narycourseofbusi
ness,wi
ll
notbel
essthantheval
ueatwhi
chthesearestated i
ntheBalanceSheet.
17. Effectofchangesi nAccounti ngPol i
cies:
a) Tari ffRegul ations,2009 i ssued bytheCERC provi dethatthebal ancedepreci abl eval ueoftheeachoftheexi stingstationsason1stApri l,
2009 shal lbeworked outbydeducti ngthecumul ativedepreci ati
oni ncl udi ngtheAdvanceAgai nstDepreci ation(AAD) asadmi tted by
theCERC up to 31stMarch2009 from thegrossdepreci abl eval ueoftheassetstherebymergi ngAAD wi thdepreci ati
onfortari ffrecovery.
Underthesai d TariffRegul ations,theCERC al so hasnoti fied therevi sed ratesofdepreci ationand removed theprovi sionforAAD.
In vi ew ofthe change i n CERC Tari ffRegul ations,2009,the Companyrevi sed i tsaccounti ng pol icyno. 12.1.2 and the amountofAAD
requi red to meetthe shortfal lin the componentofdepreci ation in revenue overthe depreci ation to be charged offi n future years
hasbeen assessed stati on-wi se and whereveran excesshasbeen determi ned ason 1st Apri l2009,the same amounti ng to Rs.3,115
mi llion hasbeenrecogni sed assal esduri ngtheyear.I naddi tion,Rs.53 mi lli
on hasbeenrecogni sed assal esduri ngtheyearoutofAAD
consequentto thi schange.
b) Clai msontheCompanyforpri cevari ationwhi chwerehi thertoaccounted foronacceptance. Duri ngtheyear,unsettl ed liabi liti
esforpri ce
vari ation/exchangeratevari ationi ncaseofcontractsareaccountedforonesti matedbasi saspertermsofthecontracts. Consequentl y,profit
fortheyeari slowerbyRs.20 mi llion, fixed assetsarehi gherbyRs.2,849 mi lli
on and currentl iabi li
ti
esarehi gherbyRs.2,869 mi llion.
18. Revenuegrantsrecogni sed duri ngtheyeari sRs.17 mi lli
on (previ ousyearRs.9 mi llion).
19. Di sclosure as per Accounti ng Standard (AS)15:
Generaldescri ptionofvari ousdefined empl oyeebenefitschemesareasunder:
A. Provi dent Fund
Company paysfixed contri buti on to provi dentfund atpredetermi ned ratesto a separate trust,whi ch investsthe fundsi n permi tted
securi ties. Contributi onto fami lypensi onschemei spai d to theappropri ateauthori ti
es. Thecontri butionofRs.1,597 mi llion (Previ ous
yearRs. 985 mi lli
on) to thefundsfortheyeari srecogni sed asexpenseand i scharged to theProfit& LossAccount.Theobl igati
onofthe
Companyi sto makesuchfixed contri buti onand to ensureami nimum rateofreturnto themembersasspeci fied byGOI . Asperreport
oftheactuary,overal li
nterestearni ngsand cumul ativesurpl usi smorethanthestatutoryi nterestpaymentrequi rement. Henceno further
provi sioni sconsi dered necessary.
B. Gratui ty& Pensi on
TheCompanyhasadefined benefitgratui typl an. Everyempl oyeewho hasrendered conti nuousservi ceoffiveyearsormorei senti tled
to getgratui tyat15 dayssal ary(15/26 X l astdrawnbasi csal arypl usdearnessal lowance) foreachcompl eted yearofservi cesubj ectto
amaxi mum ofRs.1 mi lli
on onsuperannuati on,resi gnati on,termi nation,di sabl ementorondeath.
TheCompanyhasaschemeofpensi onatoneofthestati onsi nrespectoftakenoverempl oyeesfrom erstwhi l
eStateGovernmentPowerUti li
ty.
Theseschemesarefunded bytheCompanyand aremanaged byseparatetrusts. Thel i
abi l
ityforthesamei srecogni sed onthebasi sof
actuari alval uation.
C. Post-Reti rement Medi cal Faci li
ty(PRMF)
TheCompanyhasPost-Reti rementMedi calFaci li
ty(PRMF),underwhi chreti red empl oyeeand thespouseareprovi ded medi calfaci li
tiesi n
theCompanyhospi tals/empanel led hospi tals. Theycanal so avai ltreatmentasOut-Pati entsubj ectto acei li
ngfixed bytheCompany.
D. Termi nal Benefits
Termi nalbenefitsi ncl udesettl ementathometownforempl oyees&dependentsandfarewel lgifttothesuperannuati ngempl oyees. Further,
theCompanyal soprovi desforpensi oni nrespectoftakenoverempl oyeesfrom erstwhi l
eStateGovernmentPowerUti lityatanotherstati on.
E. Leave
TheCompanyprovi desforearned l eavebenefit(i ncl udi ngcompensated absences) and hal f-payl eavetotheempl oyeesoftheCompany
whi chaccrueannual lyat30 daysand 20 daysrespecti vely. 75 % oftheearned l eavei sen-cashabl ewhi leinservi ceand amaxi mum of
300 daysonsuperannuati on. Hal f-payl eavei sen-cashabl eonl yonsuperannuati onup to themaxi mum of240 daysaspertherul esofthe
Company. Thel iabi li
tyforthesamei srecogni sed onthebasi sofactuari alval uati on.
Theabovementi oned schemes(C,D and E) areunfunded and arerecogni sed onthebasi sofactuari alvaluation.
Thesummari sed posi ti
onofvari ousdefined benefitsrecogni sed intheprofitand l ossaccount,bal ancesheetareasunder:
(Fi
guresgi veni n{}areforprevi ousyear)
i) Expenses recogni sed in Profit & Loss Account Rs. mi ll
ion
Gratuity/ PRMF Leave Termi nal
Pensi on Benefits
CurrentServi
ceCost 489 82 335 50
{496} {77} {391} {54}
PastServi
ceCost - - - -
{4,144} {-} {-} {-}
I
nterestcostonbenefitobl
igati
on 781 160 486 94
{376} {123} {361} {71}
Expected returnonpl
anassets (427) - - -
{(371)} {-} {-} {-}
Netactuari
al(gai
n)/l
ossrecogni
sed i
ntheyear (399) 116 345 361
{192} {212} {1,111} {165}
Expensesrecogni
sed i
ntheProfit& LossAccount 444 358 1,166 505
{4,837} {412} {1,863} {290}

i
i) The amount recogni
sed i
n the Balance Sheet Rs. mi
ll
ion
Pensi on Benefits
Presentval
ueofobl
igati
onasat31.03.2010 10,649 2,444 5,851 1,675
{10,409} {2,133} {6,479} {1,255}
Fai
rval
ueofpl
anassetsasat31.03.2010 9,871 - - -
{5,364} {-} {-} {-}
Netl
iabi
li
tyrecogni
sed i
ntheBal
anceSheet 779 2,444 5,851 1,675
{5,045} {2,133} {6,479} {1,255}
i
ii
) Changes i
n the present value ofthe defined benefit obli
gati
ons: Rs. mi
ll
ion
Gratui
ty/ PRMF Leave Termi
nal
Pension Benefits
Presentval
ueofobl
igati
onasat1.04.2009 10,409 2,133 6,479 1, 255
{5,361} {1,750} {5,160} {1, 017}
I
nterestcost 781 160 486 94
{376} {123} {361} {71}
CurrentServi
ceCost 489 82 335 50
{496} {77} {391} {54}
PastServi
ceCost - - - -
{4,144} {-} {-} {-}
Benefitspai
d (886) (47) (1,794) (85)
{(211)} {(29)} {(544)} {(52)}
Netactuari
al(gai
n)/l
ossonobl
igati
on (144) 116 345 361
{243} {212} {1,111} {165}
Presentval
ueofthedefined benefitobl
igati
onasat31.03.2010 10,649 2,444 5,851 1, 675
{10,409} {2,133} {6,479} {1, 255}
i
v) Changes i
n the fai
r value ofplan assets: Rs. mi
ll
ion
Pension Benefits
Fai
rval
ueofpl
anassetsasat1.04.2009 5,364 - - -
{4,623} {-} {-} {-}
Expected returnonpl
anassets 427 - - -
{371} {-} {-} {-}
Contri
buti
onsbyempl
oyer 4,691 - - -
{512} {-} {-} {-}
Benefitpai
d (866) - - -
{(193)} {-} {-} {-}
Actuari
algai
n/(l
oss) (255) - - -
{51} {-} {-} {-}
Fai
rval
ueofpl
anassetsasat31.03.2010 9,871 - - -
{5,364} {-} {-} {-}
v) Theeffectofonepercentagepoi
nti
ncrease/decreasei
nthemedi
calcostofPRMFwi
llbeasunder: Rs. mi
ll
ion
Parti
culars Increase by Decrease by
Servi
ceand I
nterestcost 50 39
Presentval
ueofobl
igati
on 422 336
F. Other Employee Benefits
ProvisionforLongServi ceAward and Famil
yEconomi cRehabili
tati
onSchemeamounti ngtoRs.34 mi lli
on (credi t)(previ
ousyeardebi tof
Rs.16 mi ll
ion) fortheyearhavebeenmadeonthebasi sofactuarialval
uati
onattheyearend and credi ted to theProfit& LossAccount.
G. Detai ls ofthe Plan Assets
Thedetai lsofthepl anassetsatcostason31stMarch areasfoll
ows: Rs. mi
ll
ion
2010 2009
i
) StateGovernmentsecuriti
es 2,292 938
ii
) CentralGovernmentsecuriti
es 3,177 1,824
i
ii
) CorporateBonds/debentures 4,221 2,236
i
v) RBISpecialDeposi t 240 240
v) MoneyMarketI nstruments 249 Nil
Total 10,179 5,238

H. Actuari
al Assumpti
ons
Pri
nci
palassumpti
onused foractuari
alval
uati
onare:
2010 2009
i
) Method used Projected Uni
tCredi
tMethod
ii
) Di scountrate 7.50% 7.00%
i
ii
) Expected rateofreturnonassets:
- Gratuity 8.00% 8.00%
- Pension 7.00% 9.00%
i
v) Futuresal aryi
ncrease 5.00% 4.50%
The estimatesoffuture sal

aryincreasesconsidered in actuari
alval
uati
on,take accountofi nflati
on,seniori
ty,promoti on and otherrelevant
factors,suchassuppl yand demand i ntheempl oymentmarket.Further,theexpected returnonpl anassetsi
sdetermi ned consideringseveral
appl i
cabl e factorsmai
nlythe composi ti
on ofplan assetsheld,assessed ri
skofassetmanagementand hi stori
calreturnsfrom plan assets.
I. anassetsRs.681 mi
Actualreturnonpl lli
on (previ
ousyearRs.423 mi
ll
ion).
J. TheCompany’
sbestesti
mateofthecontri
buti
ontowardsGratui
ty/Pensi
onforthefinanci sRs.320 mi
alyear2010-11 i lli
on.
20. Theeffectofforeignexchangefluctuati onduringtheyeari sasunder:i ) The amountofexchange di fferences(net) credited to the Profit& Loss
Accounti sRs.189 mi lli
on (previousyeardebi tofRs.244 mi
llion). i
i) Theamountofexchangedi fferences(net) credited to thecarryingamount
offixed assetsand Capi talwork-i sRs.11,815 mi
n-progressi lli
on {previ ousyearRs.11,649 mi
ll
ion(debi t)}.
21. Borrowi
ngcostscapi
tal
i ngtheyearareRs.14,804 mi
sed duri lli
on (previ
ousperi
od Rs.12,221 mi
ll
ion).
22. Segmenti
nformati
on:
a) Busi
nessSegments:
The Company’ spri ncipalbusi nessi sgenerati
on and sale ofbulkpowerto State PowerUti li
ties. Otherbusinessincludesprovi ding
consultancy,projectmanagementand supervi sion,oiland gasexpl
orationand coalmi ni
ng.
b) SegmentRevenueand Expense:
Revenue directl
yattributable to the segmentsi sconsidered asSegmentRevenue. Expensesdi rectlyattri
butabl
e to the segmentsand
commonexpensesal located onareasonabl ebasi sareconsidered asSegmentExpenses.
c) SegmentAssetsand Li abili
ti
es:
Segmentassetsi ncludeal loperatingassetsinrespectivesegmentscompri si
ngofnetfixed assetsand currentassets,l
oansand advances.
Constructi
on work-i n-progress,constructi
on stores and advances are incl
uded i
n unallocated corporate and otherassets. Segment
li
abil
iti
esincludeoperati ngl i
abili
tiesand provisi
ons.
Rs. mi
ll
ion
Business Segments
Generati
on Others Total
Current Year PreviousYear Current Year Previ
ousYear Current Year Previ
ousYear
Revenue:
Sale ofEnergy/Consul tancy,ProjectManagement 461,687 417,
913 1,539 1,
325 463,226 419,
238
and Supervi sionfees*
Internalconsumpti onofelectrici
ty 551 514 - - 551 514
Total 462,238 418,427 1,539 1,
325 463,777 419,
752
SegmentResul t# 101,524 90,531 582 418 102,106 90,
949
Unal located CorporateI nterestand OtherI ncome 24,677 30,
615
Unal located Corporate expenses, i nterest and 17,929 27,
969
financecharges
ProfitbeforeTax
Income/Fri ngeBenefitTaxes(Net) 21,572 11,
582
ProfitafterTax 87,282 82,
013
Otheri nformati on
Segmentassets 469,569 424,333 1,433 1,
045 471,002 425,378
Unal located Corporateand otherassets 657,735 626,870
Totalassets 469,569 424,333 1,433 1,045 1,128,737 1,
052,248
Segmentl i
abi l
ities 75,066 85,967 889 722 75,955 86,
689
Unal located Corporateand otherl i
abi
liti
es 428,407 391,858
Totall i
abi l
iti
es 75,067 85,967 889 722 504,362 478,547
Depreci ati
on 26,180 23,376 2 2 26,182 23,
378
Non-cashexpensesotherthanDepreci ati
on 109 245 - - 109 245
Capi talExpendi ture 98,647 130,843 1,139 277 99,786 131,121
* I
ncludes(-) Rs.6,006 mi
lli
on (previ
ousyearRs.10,
201 mi
ll
ion) forsalesrel
ated to earl
ieryears.
# Generati
onsegmentresultwoul d havebeenRs.107,530 milli
on (previousperi
od Rs.80,330 million) wi
thouti
ncl
udi
ngthesal
esrel
ated to earl
ieryears.
d) Theoperati
onsoftheCompanyaremai
nlycarri
ed outwi
thi
nthecountryand therefore,geographi
calsegmentsarei
nappl
icabl
e.

23. Related PartyDi
sclosures:
a) Rel ated parties:
i) Jointventures:
Uti
lityPowertechLtd.,NTPC-Al stom PowerServi cesPri vateLtd.,BF-NTPC EnergySystemsLtd.
ii) KeyManagementPersonnel :
ShriR.S. Sharma Chai rmanand Managi ngDi rector
ShriChandanRoy Di rector(Operati ons)
ShriR.K. Jain1 Di rector(Techni cal)
ShriA.K. Si nghal Di rector(Finance)
ShriR.C. Shri vastav Di rector(HumanResources)
ShriK.B. Dubey2 Di rector(Projects)
ShriI.J. Kapoor Di rector(Commerci al
)
Shri.B.P.Singh3 Di rector(Projects)
1. Superannuated on31stDecember2009.
2. Superannuated on31stJul y2009. 3. W.e.f.1stAugust2009.
b) Transactionswi ththerel ated partiesata(i) aboveareasfol lows: Rs. mi
ll
ion
Parti
culars Current Year Previ
ousYear
Transacti
ons duri
ng the year
•ContractsforWorks/Servi
cesforservi
cesrecei
ved bytheCompany:-
- Uti
li
tyPowertechLtd. 2,176 1,
853
- NTPC-Alstom PowerServicesPri
vateLtd. 99 355
•Deputati
onofEmpl oyees:
- Uti
li
tyPowertechLtd. 17 13
- NTPC-Alstom PowerServicesPri
vateLtd 45 23
•Divi
dend Received:
- Uti
li
- NTPC-Alstom PowerServi
cesPri
vateLtd. 6 6
•Amountrecoverabl eforcontractsforworks/servi
cesrecei
ved:
- Uti
li
cesPri vateLtd 16 9
•Amountpayabl eforcontractsforworks/servi
cesrecei
ved:
- Uti
li
- NTPC-Alstom PowerServicesPrivateLtd 147 143
•Amountrecoverabl eonaccountofdeputati
onofempl
oyees:
- Uti
li
tyPowertechLtd. 7 5
cesPri
vateLtd 18 37
TheCompanyhasrecei ved bankguaranteesfrom Uti l
ityPowertechLtd. foranamountofRs.40 mi lli
on (previ
ousyearRs.39 mi
ll
ion).
c) Remunerationto keymanagementpersonnelfortheyeari sRs.26 mi
lli
on (previousyearRs.14 mi
ll
ion) and amountofduesoutstandi ngto
theCompanyason31stMarch2010 areRs.1 mi lli
on (previ
ousyearRs.3 mi l
li
on).
24. Di
sclosure regarding leases:
a) Finance leases
TheCompanyhastakenonl easecertai
nvehi clesand hastheopti ontopurchasethevehi clesaspertermsofthel easeagreements,detail
s
ofwhi chareasunder:
Rs. mi
ll
ion
31.03.2010 31.3.2009
a) Obl igati
onstowardsmi ni
mum leasepayments
•Notl aterthanoneyear 7 6
•Laterthanoneyearand notl aterthanfiveyears 8 14
•Laterthanfiveyears - -
Total 15 20
b) Presentval ueof(a) above
•Notl aterthanoneyear 6 4
•Laterthanoneyearand notl aterthanfiveyears 7 12
•Laterthanfiveyears - -
Total 13 16
c) FinanceCharges 2 4

b) Operati ng leases
The Company’ ssignificantleasing arrangementsare i n respectofoperating l easesofpremisesforresidentialuse ofempl oyees,offices
and guesthouses/transi tcamps. Thesel easingarrangementsareusual l
yrenewabl eonmutuall
yagreed termsbutarenotnon-cancel lable.
Schedul e20 - Empl oyees’remunerati onand benefitsi ncludeRs.689 mi lli
on (previousperiod Rs.307 mil
li
on) towardsl easepayments,
netofrecoveri es,in respectofpremi sesforresidenti
aluse ofempl oyees. Lease paymentsi n respectofpremi sesforofficesand guest
house/transi
tcampsareshownasRenti nSchedul e21 –Generation,Admi nistrati
onand OtherExpenses.
25. Earni
ng per share:
Theelementsconsi dered forcal culati
onofEarni ngPerShare(Basi cand Di
luted) areasunder:
Current Year Previ
ousYear
NetProfitafterTaxused asnumerator- Rs. mi
ll
ion 87,282 82,
013
Wei
ghted averagenumberofequi
tysharesused asdenomi
nator 8245,464,400 8245,
464,
400
Earni
ngpershare(Basi
cand Di
luted) - Rupees 10.59 9.95
Faceval
uepershare–Rupees 10/- 10/-
26. a) Thei
tem-wi
sedetai
lsofdeferred taxl
iabi
li
ty(net) areasunder: Rs. mi
ll
ion
31.03.2010 31.03.2009
Deferred taxl iabil
ity
i) Di fferenceofbookdepreciati
onand taxdepreciati
on 41,046 70,
045
Less:Deferred taxassets
i) Provi sions& Otherdi
sal
lowancesfortaxpurposes 8,478 15,
310
ii) Di sallowancesu/s43BoftheIncomeTaxAct,1961 2,074 3,
385
10,552 18,
695
Deferred taxl
iabi
li
ty(net) 30,494 51,
350
During the year,the deferred tax l i
abi l
ity (net) and the deferred tax recoverabl e from the benefici esasat31st March 2009 amounti
ari ng to
Rs.51, 349 mi ll
ionhavebeenrevi ewed and restated to Rs.24,942 mi llion. I
ntermsofRegul ati
on39,CERC Tari ffRegul ati
ons,2009,theCompany
st
hasdetermi ned the amountofthe deferred taxl iabili
ty(net) materialised duri ng the yearpertaini od up to 31 March 2009 by
ng to the peri
identi fying the maj orchangesi n the elementsofdeferred taxl i
ability/asset,asrecoverabl e from the beneficiari
es. Accordi ngl y,deferred tax
li
abi l
ity(net) and thedeferred taxrecoverabl efrom thebenefici esasat31stMarch2010 worksouttoRs.30,494 mi
ari llion and Rs.28,402 mi lli
on
respecti vely.
The neti ncrease during the yearin the deferred taxl iabil
i sRs.2,091 mi
tyi lli
on (previousyeardecrease Rs.4, 488 mi ll
ion) hasbeen debi ted to
Profit& LossAccount.
27. Researchand devel opmentexpendi turecharged to revenueduri ngtheyeari sRs.206 mi lli
on (previousperi od Rs.81 mi l
li
on).
28. Interest i n Joint Ventures:
a) Joint Venture Enti ti
es:
Company Proportion ofownershi pinterest as on

(Excluding Share Appli
cati
on Money)
31.03.2010 31.03.2009
% age % age
1. Uti
li
2. NTPC - Al
stom PowerServi
cesPri
vateLtd. 50 50
3, NTPC-SAI
LPowerCompanyPri
vateLtd. 50 50
4. NTPC -Tami
lnaduEnergyCompanyLtd. 50 50
5. Ratnagi
riGasand PowerPri
vateLtd.* 29.65 28.33
6. Araval
iPowerCompanyPri
vateLtd. 50 50
7. NTPC - SCCLGl
obalVenturesPri
vateLtd. 50 50
8. Mej
aUrj
aNi
gam Pri
vateLtd. 50 50
9. NTPC - BHELPowerProj
ectsPri
vateLtd. 50 50
10. BF- NTPC EnergySystemsLtd. 49 49
11. Nabi
nagarPowerGenerati
ngCompanyPri
vateLtd. 50 50
12. Nati
onalPowerExchangeLtd.* 16.67 16.67
13. I
nternati
onalCoalVenturesPri
vate. Ltd.* 14.28 -
14. Nati
onalHi
ghPowerTestLaboratoryPri
vateLtd. 25 -
15. Transformers& El
ectri
calKeral
aLtd.* 44.60 -
16. EnergyEffici
encyServi
cesPri
vateLtd.* 25 -
* Theaccountsareunaudi
ted

The above joi
ntventure enti
ti
es are i
ncorporated i
nIndi
a. The Company’s share ofthe assets,l
iabi
li
ti
es,conti
ngentli
abili
ti
es and capi tal
commi tmentasat31st March 2010 and income and expensesforthe yeari
n respectofj ointventure enti
ti
esbased on audited/unaudited
accountsaregivenbelow: Rs. mi
ll
ion
31.03.2010 31.03.2009
A. Assets
•LongTerm Assets 86,729 59,
208
•CurrentAssets 10,320 6,
509
Total 97,049 65,
717
B. Li
abili
ties
•LongTerm Li abili
ties 63,395 42,
537
•CurrentLiabil
iti
esand Provi
sions 9,155 6,
242
Total 72,550 48,
779
C. ContingentLiabil
iti
es 599 148
D. CapitalCommi tments 39,895 36,
936
Current Year Previ
ousYear
E. I
ncome 18,369 6,
412
F. Expenses 17,238 7,
879
b) Joi
nt Venture Operati
ons:
TheCompanyal ong-wi thM/sGeopetrolI nternationalI
nc.,M/sCanoro ResourcesLtd. and M/sBrownstoneVenturesI nc. (theconsorti um)
iscarryingoutexpl orati
onforoi land gasbl ock(Bl ockAA-ONN-2003/2) al l
otted i
ntheStateofArunachalPradeshforwhi chaProducti on
SharingContract(PSC) wasentered i nto wi
thGovernmentofI ndia. M/sGeopetrolInternationalInc. with30% participatingi nterest(PI)is
theOperatoroftheBl ock. M/sCanoro ResourcesLtd. and M/sBrownstoneVenturesI nc. with15% PIeachand theCompanywi th40% PI
aretheotherj oi
ntventurepartners.
Duringtheyear,unforeseendi fficul
ti
eswereencountered i nthedri ll
ingpli
nthpreparati onatthefirstlocationwheretheoperati onswere
takenup. Theoperatorhasproposed to wi thdraw from thePSC and served anoticeofresi gnation. TheCompanyi si nsearchofsui table
partner(s) forreconstituti
onoftheconsorti um and foroperati onofthebl ockto restartthedrill
ingacti vi
ti
es. TheCompanyhastakenup
thematterwi thDirectorateGeneralofHydrocarbonsforsui tabletimeextensiononaccountofdel aysi ngrantofstatutorycl earancesfor
compl eti
onofmi nimum workprogramme(MWP) and al so onaccountofforcemaj eurecondi ti
ons.
Based on the un-audi ted statementofthe accountsforwarded by the Operator,the Company’ sshare ofPIi n respectofassetsand
li
abili
tiesasat31stMarch2010 and expendi turefortheyearended onthatdatehasbeenaccounted forasunder:
Rs. mill
ion
I
tem 2009-10 2008-09
(Un-audited) (Audited)
Expenses 32 87
Fi
xed Assetsi
ncl
udi
ngCapi
talwork-i
n-progress 80 35
OtherAssets 69 54
CurrentLi
abi
li
ti
es 18 3
Conti
ngentl
iabi
li
ty 465 -
TheCompany’
sshareoftheMWPcommi
tted underthePSC forthebl sRs.606 mi
ocki lli
on (Previ
ousyearRs.612 mi
ll
ion).
29. Asrequi
red byAccounti
ng Standard (AS) 28 ‘
Impai
rmentofAssets’noti fied underthe Compani es(Accounti
ng Standards) Rul
es,2006,the
Companyhascarri
ed outthe assessmentofi mpai
rmentofassets. Based on such assessment,there hasbeen no i
mpairmentl ossduri
ng the
year.
30. Forei
gn currencyexposure not hedged bya deri
vati
ve i
nstrument or otherwi
se: Rs. mi
ll
ion
Sl
.No Parti
cul
ars Currenci
es Amount
31.03.2010 31.03.2009
a) Borrowi
ngs,i
ncl
udi
ngi
nterestaccrued butnotduethereon. USD 70,522 74,612
JPY 29,113 32,339
Others 4,225 4,727
b) Sundrycredi
tors/deposi
tsand retenti
onmoni
es USD 9,672 6,902
EURO 3,493 1,218
Others 419 997
c) Sundrydebtorand Bankbal
ances USD 16 119
EURO - 310
d) Unexecuted amountofcontractsremai
ningto beexecuted USD 33,465 43,818
EURO 46,426 40,270
Others 329 587

31. The pre-commi ssi
oni
ng expensesduri ng the yearamounti ng to Rs.1,459 mi lli
on (previ
ousyearRs.1, 689 mi
ll
ion) have been included i
n Fi
xed
Assets/Capi
talwork-i
n-progressafteradj
ustmentofpre-commi ssioningsalesofRs.961 mi lli
on (previ
ousyearRs.1,610 mill
ion) resul
ti
nginanet
pre-commi ssi
oningexpendi tureofRs.498 mi lli
on (previ
ousyearRs.79 mi l
li
on).
32. Paymentto theStatutoryAudi
tors(Schedul
e- 21): Rs. mi
ll
ion
Current year Previ

ousyear
Audi
tFees 7 8
Taxaudi
tFees 3 3
Certi
ficati
onFees 8 7
Rei
mbursements
- Travel
li
ngExpenses 4 5
- Servi
ceTax 2 2
Total 24 25
33. I
nformati
oni
nrespectofMi
cro,Smal
land Medi sesasat31stMarch2010:
um Enterpri Rs. mi
ll
ion
Sl. Parti
culars Amount
a) Amountremainingunpaid to anysuppl i
er:
•Pri
ncipalamount 5
•I
nterestduethereon(* Rs.218,964/-) *
b) Amountofi nterestpai
din termsofsecti on 16 ofthe Mi
cro,Smalland Medi um Enterpri
sesDevel
opmentAct, 5
2006 al
ong-withtheamountpai d to thesuppliersbeyond theappoi
nted day.
c) Amountofi nterestdue and payable forthe period ofdel ay i
n making payment(whi ch have been paid but *
beyond theappoi nted dayduri
ngtheyear) butwi thoutaddi ngtheinterestspeci
fied undertheMi cro,Smal
land
Medium Enterpri
sesDevel opmentAct,2006. (*Rs.10,813/-)
d) Amountofi
nterestaccrued and remai
ningunpai
d (*2,18,964/-) *
e) Amountoffurtherinterestremai
ning due and payable even in the succeedi
ng years,unti
lsuch date when the *
i
nterestduesasaboveareactuall
ypai d tothesmallenterpri
ses,forthepurposeofdi sall
owancesasadeducti bl e
expenditureundersecti
on23 ofMi cro,Smalland Medi um EnterprisesDevelopmentAct,2006 (*Rs.1,77,
047/-)
34. Loansand Advancesduefrom subsi

diari
es: Rs. mi
ll
ion
Name ofSubsi
diary Outstanding Balance Maxi
mum Amount
as at Outstandi
ng
31.03.2010 31.03.2009 31.03.2010 31.03.2009
NTPC El
ectri
cSuppl
yCompanyLtd. 87 129 306 524
NTPC Vi
dyutVyaparNi
gam Ltd 85 20 212 78
Pi
pavavPowerDevel opmentCompanyLtd. - * # *
(#Rs.27,641/- and* Rs.11096/-)
NTPC Hydro Ltd. 10 3 40 68
KantiBi
jl
eeUtpadanNi
gam Ltd. 331 394 394 492
Bharati
yaRai
lBi
jl
eeCompanyLtd. 20 9 72 82
Total 533 555 1,024 1,
244
35. Discl
osureasrequired byClause 32 ofLi
sti
ngAgreements:
A. Loansand Advancesi nthenatureofLoans:
1. To Subsi
diaryCompani es Rs. mi
ll
ion
NameoftheCompany Outstandi
ngBal
ance Maxi
mum Amount
asat Outstandi
ng
31.03.2010 31.03.2009 31.03.2010 31.03.2009
KantiBi
jl
eeUtpadanNi
gam Ltd. 263 308 308 400
NTPC Vi
dyutVyaparNi
gam Ltd. Ni
l Ni
l 165 Ni
l
2. To Fi
rms/CompaniesinwhichDi rectorsarei nterested : Nil
3. Wherethereisno repaymentschedul eorrepayment : Rs.263 mi
lli
on
beyond sevenyearorno i
nterestori nterestbel ow
Secti
on372A oftheCompani esAct,1956
B. I
nvestmentbythel oanee(asdetai
led above) i nthesharesofNTPC : Ni
l

36. Esti
mated amountofcontractsremai
ningto beexecuted oncapi ded forasat31stMarch2010 i
talaccountand notprovi sRs.305,346 mi
lli
on
(previ
ousyearRs.272,
199 mil
li
on).
37. Conti
ngent Li
abi
li
ties:
1. Cl
aimsagai
nsttheCompanynotacknowl
edged asdebtsi
nrespectof:
(i
) Capi
talWorks
Some ofthe contractorsforsuppl yand instal
lation ofequi pmentsand executi on ofworksatourproj ectshave lodged cl ai
ms
on the CompanyforRs.38,798 mi lli
on (previ
ousyearRs.46,623 mi ll
ion) seeki
ng enhancementofthe contractpri ce,revi
sion of
workschedul e wi
th price escal
ati
on,compensati on forthe extended period ofwork,i dl
e chargesetc. These cl
aimsare bei ng
contested bytheCompanyasbei ngnotadmi ssibleintermsoftheprovi sionsoftherespectivecontracts.
Thecompanyi spursui
ngvariousoptionsunderthedi sputeresoluti
onmechani sm avail
ableinthecontractforsettl
ementofthese
clai
ms.I
tisnotpracti
cabletomakeareali
sti
cesti
mateoftheoutflow ofresourcesi
fany,forsettl
ementofsuchclai
mspendi ngresol
uti
on.
(i
i) Land compensati
oncases
I
nrespectofl
andacqui redfortheproj
ects,thel
andlosershavecl
aimedhighercompensationbeforevariousauthoriti
es/courtswhich
areyettobesettl
ed. I
nsuchcases,conti ngentli
abi
ltyofRs.17,863 mi
i lli
on (previ
ousyearRs.15,515 mi
ll
ion) hasbeenesti mated.
(i
ii
) Others
I
nrespectofcl ai
msmadebyvari ousState/CentralGovernmentdepartments/Authori ti
estowardsbui l
di ngpermi ssionfees,penalty
ondi versi
onofagricul
turall
and tonon- agricul
turaluse,Nalatax,Waterroyal
tyetc. and byothers,contingentli
abi l
ityofRs.12,848
milli
on (previousyearRs.12,585 mi
ll
ion) hasbeen esti mated. Thi
si udesamountofRs.2,558 mi
ncl lli
on (previousyearRs.2,558
milli
on) bil
led bytheCoalsuppl i
eronaccountofMPGATSV taxup to31stJul y2007 whi chissubjectmatterofdi sputebeforethe
Hon’ bl
eSupremeCourt.
I
n respectof(i ) and (i
i) above,payments,ifany,by the company on settlementofthe cl ai
mswould be el
igi
ble fori
nclusi
on i
n the
capitalcostforthepurposeofdetermi nationoftariffasperCERC Regul
ationssubjectto prudencecheckbytheCERC. Incaseof(i
ii
),the
esti
mated possi blereimbursementisRs.4,289 mi lli
on (previ
ousyearRs.2,750 mi
ll
ion).
2. Di
sputed I
ncomeTax/Sal
esTax/Exci
seMatters
Disputed I
ncome Tax/Sales Tax/Exci
se matters are pending before vari
ous Appel l
ate Authori
ti
es amounting to Rs.22,924 milli
on
(previ
ousyearRs.682 mi
ll
ion) aredisputed bytheCompanyand contested beforevari ousAppel lateAuthori
ti
es. Manyofthesematters
aredisposed offi
nfavouroftheCompanybutaredi sputed beforehigherauthori
ti
esbytheconcerned departments. Insuchcases,the
companyestimated possiblereimbursementofRs.17,934 mi lli
on (previ
ousyearRs.8 mil
li
on).
3. Others
Otherconti
ngentl i
abiliesamountsto Rs.2,661 mi
ti lli
on (previousyearRs.1,698 mi
ll
ion). Some ofthe benefici
ari
eshave fil
ed appeal
s
agai
nstthetari
ffordersoftheCERC. Theamountofcontingentli
abil
ityi
nthisregard i
snotascertai
nabl e.
38. Manageri
alremunerati
onpai
d/payabl
eto Di
rectors Rs. mi
ll
ion
Current Year Previ
ousYear
Sal
ari
es and al
lowances 19 11
Contri
buti
onto provi
dentfund & otherfundsi
ncl
udi
nggratui
ty& group i
nsurance 2 1
Otherbenefits 5 2
Di
rectors’fees 3 2
I
naddi ti
ontotheaboveremunerationthewholetimeDi rectorshavebeenall
owed theuseofstaffcari ncludi
ngforpri
vatej
ourneys,onpayment
ofRs.780/- permonth,ascontai
ned i
ntheMi
nistryofFi
nance(BPE) Circul
arNo.2 (18)/pc/64 dt.29.11.64,asamended.
Theprovi
sionsfor/contri
buti
onto gratui
ty,l
eaveencashmentand post-reti
rementmedi
calfaci
li
ti
esareascertai
ned onactuari
alval
uati
ondone
onoveral
lCompanybasi sand hencenotascertai
nableseparatel
y.
39. Duri
ngtheyear,‘ FurtherPubl
icOffer’of412,273,220 equi
tysharesofRs.10/- eachoftheCompanythroughanofferforsal ebythePresidentof
Indi
a,actingthroughtheMi nistryofPower,GOIwasmadethroughtheal ternatebookbuil
dingprocess. Consequentl
y,sharehol
dingoftheGOI
reduced to 84.50% from 89.50%.
40. Li
censed and I
nstal
led Capaci
ti
esasat:
(Ascerti
fied byManagement) Current Year Previ
ousYear
Li
censed Capaci
ty - Notappl
icabl
e
I
nstal
led Capaci
ty(MW Commerci
aluni
ts) 28,902 27,
912
Quanti
tati
vei
nformati
oni
nrespectofGenerati
onand Sal
eofEl
ectri
city: Current Peri
od Previ
ousPeri
od
a) Pre-commi
ssi
oni
ngperi
od :
Generati
on(i
nMUs) 401 785
Sal
es (i
nMUs) 338 724
b) Commerci
alperi
od :
Generati
on (i
nMUs) 218,439 206,
156
Sal
es (i
nMUs) 205,091 193,
688

c) Val
ueofi
mportscal
cul
ated onCI
Fbasi
s(Rs. mi
ll
ion): Current Year Previ
ousYear
Capi
talgoods 8,970 10,
386
Spareparts 1,393 919
d) Expendi
turei
nforei
gncurrency(Rs. mi
ll
ion):
Professi
onaland Consul
tancyfee 53 24
I
nterest 3,588 4,
067
Others 188 601
e) ValueofComponents,Storesand Sparepartsconsumed % age Amount % age Amount
(i
ncludi
ngfuel
) (Rs. mi
ll
ion):
I
mported 14.13 42,607 10.40 28,
855
I
ndi
genous 85.87 258,960 89.60 248,
484
f) Earni
ngsi
nforei
gnexchange(Rs. mi
ll
ion):
Professi
onal& Consul
tancyfee 8 21
I
nterest - 14
Others 1 1
41. Figureshavebeenrounded offto nearestrupeesi nmi l
li
ons.
42. Previousyearfigureshavebeenregrouped /rearranged wherevernecessary.
Forand onbehal
foftheBoard ofDi
rectors
(A. K. Rastogi
) (A. K. Si
nghal) (R. S. Sharma)
CompanySecretary Di
rector(Finance) Chai
rman& Managi ngDi
rector
Asperourreportofevendate
ForDassGupta& Associ ates ForS. K. Mittal& Co. ForVarmaand Varma
Chartered Accountants Chartered Accountants Chartered Accountants
Fi
rm Reg. No.000112N Firm Reg. No.001135N Firm Reg. No.004532S
[NareshKumar] [KrishanSarup ] [Cheri

anK. Baby]
Partner Partner Partner
M. No. 82069 M. No. 010633 M. No. 16043
ForParakh& Co. ForB.C. Jai
n& Co. ForS. K. Mehta& Co.
Chartered Accountants Chartered Accountants Chartered Accountants
Fi
rm Reg. No.01475C Fi
rm Reg. No.001099C Firm Reg. No.000478N
[V. D. Mantri] [RanjeetSingh] [ RohitMehta]

Partner Partner Partner
M. No. 74678 M. No. 73488 M. No.91382
Pl
ace:New Del hi
Date: 17th May2010

Informati
on pursuant to Part IV ofSchedule VI ofthe Compani
es Act, 1956
BALANCE SHEET ABSTRACT AND COMPANY'
S GENERAL BUSINESS PROFILE
I. Registrati
on Detai
ls
Regi
strati
onNo. 7 9 6 6 1 9 7 5 - 7 6 StateCode: 5 5
Bal
anceSheetdate 3 1 0 3 1 0
II. Capital Rai
sed duri
ng the year (Amount i
n Rs.Thousands).
Publi
cI ssue N I L Ri
ghtsI
ssue N I L
BonusIssue N I L Pri
vatePl
acement N I L
III. Posi
tion ofMobi
li
sati
on and Deployment ofFunds (Amount i
n Rs.Thousands)
TotalLi
abi
li
ti
es TotalAssets
1 1 5 7 1 3 9 1 2 8 1 1 5 7 1 3 9 1 2 8
Sources ofFunds
Paid up Capi
tal Reserves& Surpl
us
8 2 4 5 4 6 4 4 5 4 1 9 1 9 6 2 9
Secured Loans Unsecured Loans
9 0 7 9 9 2 1 7 2 8 7 1 7 0 9 3 7
Deferred TaxLi
abi
li
ty(Net) Deferred Revenue/I
ncome/Li
abi
li
ty
2 0 9 2 5 4 2 1 6 7 1 8 8 5 8
Appli
cati
on ofFunds
NetFi
xed Assets I
nvestments
6 6 8 6 5 6 0 4 4 1 4 8 0 7 0 9 5 5
NetCurrentAssets Mi
sc. Expendi
ture
2 0 0 5 7 6 3 0 9 N I L
Accumul
ated Losses Deferred Assets/Expendi
ture
N I L 3 8 5 2 5 1 9
IV. Performance ofCompany(Amount i
n Rs.Thousands)
Turnoveri
ncl
. OtherI
ncome TotalExpendi
ture
4 9 2 4 6 6 5 3 5 3 8 3 6 1 1 8 7 4
Profit/Lossbeforetax Profit/Lossaftertax
+ 1 0 8 8 5 4 6 6 1 + 8 7 2 8 2 0 3 3
Earni
ngpersharei
nRs Di
vidend Rate%
1 0 . 5 9 3 8 . 0 0
V. Generi
c Names ofThree Pri
ncipal Products/Servi
ces ofCompany (as per monetaryterms)
ProductDescri
pti
on: I
tem CodeNo.
G E N E R A T I O N O F E L E C T R I C I T Y N A
C O N S U L T A N C Y S E R V I C E S N A
M A N A G E M E N T O F P O W E R S T A T I O N S N A
Forand onbehal
foftheBoard ofDi
rectors
(A. K. Rastogi
) (A. K. Si
nghal) (R. S. Sharma)
CompanySecretary Di
rector(Finance) Chai
rman& Managi ngDi
rector

2009 10 Schedules of Balance Sheet and Profit & Loss Account

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2009 10 Schedules of Balance Sheet and Profit & Loss Account

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Schedules to the Balance Sheet Rs.

34th Annual Report 2009-2010 109

110 34th Annual Report 2009-2010

34th Annual Report 2009-2010 111

112 34th Annual Report 2009-2010

34th Annual Report 2009-2010 113

* Brought from Expendi

114 34th Annual Report 2009-2010

As at March 31, 2010 2009

34th Annual Report 2009-2010 115

116 34th Annual Report 2009-2010

C Share appli cati on moneypendi ng allotment i

34th Annual Report 2009-2010 117

118 34th Annual Report 2009-2010

34th Annual Report 2009-2010 119

120 34th Annual Report 2009-2010

34th Annual Report 2009-2010 121

122 34th Annual Report 2009-2010

34th Annual Report 2009-2010 123

124 34th Annual Report 2009-2010

34th Annual Report 2009-2010 125

126 34th Annual Report 2009-2010

Total (A+B+C) 5,562 4,

34th Annual Report 2009-2010 127

128 34th Annual Report 2009-2010

34th Annual Report 2009-2010 129

130 34th Annual Report 2009-2010

34th Annual Report 2009-2010 131

132 34th Annual Report 2009-2010

The estimatesoffuture sal

34th Annual Report 2009-2010 133

134 34th Annual Report 2009-2010

Company Proportion ofownershi pinterest as on

34th Annual Report 2009-2010 135

136 34th Annual Report 2009-2010

Current year Previ

34. Loansand Advancesduefrom subsi

34th Annual Report 2009-2010 137

138 34th Annual Report 2009-2010

[NareshKumar] [KrishanSarup ] [Cheri

[V. D. Mantri] [RanjeetSingh] [ RohitMehta]

34th Annual Report 2009-2010 139

140 34th Annual Report 2009-2010

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