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CHILIME JALAVIDHYUT
Chilime
THE PIONEER
COMPANY LIMITED
An ISO Certified Company
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Financial Statements as per Nepal Financial Reporting Standards (NFRS)===================== 25
Auditor's Report================================================================================================ 26-27
Consolidated Statement of Financial Position============================================================ 28
Consolidated Statement of Profit or Loss and Other Comprehensive Income =============== 29
Consolidated Statement of Cash Flows===================================================================== 30
Consolidated Statement of Changes in Equity=========================================================== 31
Explanatory Notes FY 2017-018 (2074/075)=============================================================== 32
Elements of Financial Statement ============================================================================= 35
Abridge Finincial Statements (Individual)================================================================== 61
Statement of Financial Position================================================================================ 64
Statement of Profit or Loss and Other Comprehensive Income =================================== 65
Statement of Cash Flows========================================================================================= 66
Statement of Changes in Equity=============================================================================== 67
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cfonfO{ clws ljqmLjf6 k|fKt cfo elgPsf] 5 .
cf=j= @)&$÷)&% df o; sDkgLn] !% s/f]8 %%
nfv !# xhf/ o'lg6 ljB't pTkfbg ug]{ nIo
/fv]sf]df hDdf !$ s/f]8 (@ nfv ** xhf/ o'lg6
ljB't pTkfbg ug{ ;kmn ePsf] 5 . o; cf=j=
df lrlnd] vf]nfdf kfgLsf] axfj -Hydrology_
t'ngfTds ¿kdf sdL ePsf] sf/0f ljB't pTkfbg
s]xL sd x'Fbf ljqmL cfodf ;fdfGo sdL cfPsf]
5.

tflnsf !M sDkgLsf] ljQLo emns -?= xhf/df_

cfly{s jif{ -?=_ a[l4 -sdL_
ljj/0f
@)&$÷)&% @)&#÷)&$ /sd ?= k|ltzt
ljB't ljqmL cfDbfgL !,!#*,$## !,!(^,*() -%*,$%&_ -$=**_
ljqmLsf] nfut -!@%,##$ -!#!,*)*_ ^,$&$ -$=(!_
k|zf;lgs vr{ -%(,)#%_ -&#,%#)_ !$,$(^ -!(=&!_
x|f; -^(,^%)_ -^(,()&_ @%& -)=#&_
;~rfng gfkmf **$,$!$ (@!,^$$ -#&,@#!_ -$=)$_
ljlQo cfDbfgL ^*,$$$ #(,#%) @(,)($ &#=($
cGo cfDbfgL #,%%( $,@$^ -^*&_ -!^=!*_
;DklQ lg;u{ — -!,*%*_ !,*%* -!))_
s/ tyf sd{rf/L jf]gz cl3sf] gfkmf (%^,$!& (^#,#*@ -^,(^%_ -)=&@_
sd{rf/L jf]gz Joj:yf -!*,&%#_ -!*,*()_ !#& -)=&@_
s/ cl3sf] gfkmf (#&,^^$ ($$,$(@ -^,*@*_ -)=&@_
Go"gM
rfn" cf=j=sf] cfos/ -!*,))!_ -!),*((_ -&,!)@_ ^%=!^
ljtu cf=j= -@)^)÷)^! tyf @)^!÷)^@_ sf] -!@,(%)_ — -!@,(%)_ !))
cfos/
l8km8{ s/ cfDbfgL @,)^@ $#@ !,^#! #&&=*%
v'b gfkmf ()*,&&% (#$,)@% -@%,@%)_ -@=&_
z]o/ ;+Vof #(,^%!,!#@ #$,$&(,@$% %,!&!,**& !%=)
k|ltz]o/ cfDbfgL @@=(@ @&=)( -$=**_ -!%=$_

10
 lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

cf=j= @)&#÷)&$ df @ s/f]8 &% nfv !# xhf/ a[l4 x'Fbf cf=j= @)&#÷)&$ sf] t'ngfdf ljlQo
clws ljB't o"lg6 ljqmL ug{ ;kmn ePsf] / ;f]jf6 cfDbfgL ¿= @ s/f]8 () nfv ($ xhf/ cyf{t
¿=!! s/f]8 @@ nfv %^ xhf/ cfo cfh{g ePsf]df &#=($ k|ltztn] j[l4 ePsf] 5 .
o; cf=j= df ! s/f]8 &) nfv (# xhf/ dfq ljqmL
ug{ ;lsPsf sf/0f ;f]jf6 ¿=^ s/f]8 (& nfv #( cf=j= @)&#÷)&$ sf] t'ngfdf cf=j= @)&$÷)&%
xhf/ dfq cfo cfh{g ug{ ;lsPsf] 5 . h;jf6 df KnfG6 dd{t nufotsf vr{df jrt ug{
clws ljqmL o"lg6 jfkt ¿= $ s/f]8 @% nfv !& ;lsPsfn] ¿= ^$ nfv &# xhf/ cyf{t $=(!
xhf/n] o; cf=j=df sdL cfPsf] 5 . ;du| ljB't k|ltztn] vr{ sdL ePsf] 5 eg] k|zf;sLo vr{df
ljqmL cfo cGtu{t ut cf=j= @)&#÷)&$ df !^ klg !(=&! k|ltztn] vr{ s6f}lt ePsf] 5 .
s/f]8 @ nfv &@ xhf/ o"lg6 g]=lj=k|f= nfO{ ljqmL
sDkgLn] g]kfn ljlQo dfkb08 -Nepal Financial
u/L ¿=! cj{ !( s/f]8 ^* nfv *( xhf/ cfo
Reporting Standards-NFRS_ cg';f/ ljlQo
cfh{g ePsf]df ;ldIff cjlw cf=j= @)&$÷)&%
ljj/0fx¿ tof/ u/]sf] / :yug s/ -Deferred Tax_
df hDdf !$ s/f]8 &( nfv o"lg6 ljqmL eO{ ¿=!
;dfof]hg ;lxt s/ kl5sf] gfkmf ¿=() s/f]8 *&
cj{ !# s/f]8 *$ nfv #@ xhf/ dfq cfo cfh{g
nfv &% xhf/ cfh{g ug{ ;kmn ePsf] 5, h'g ut
ePsf] 5 . cf=j= @)&#÷)&$ sf] t'ngfdf $=**
cf=j= sf] t'ngfdf ¿= @ s/f]8 %@ nfv $( xhf/
k|ltztn] ljB't ljqmL cfodf Go"g x'g uPsf] 5 .
cyf{t @=&) k|ltztn] dfq sdL xf] .
sDkgLn] nufgL ug{ k|ltj4tf hgfP cg';f/
ldlt @)^) ef› * ut]af6 sDkgLn] Joj;foLs
;xfos sDkgLx¿df z]o/ nufgL k'/f eO{ ;s]sf]
ljB't pTkfbg z'? u/]b]lv xfn;Ddsf] pTkfbg tyf
x'Fbf sDkgLsf] a}+s df}Hbft a9\b} uPsf] / Jofh
ljqmLsf] ca:yf lgDgfg';f/ /x]sf] 5M
b/df klg ;'wf/ cfPsf sf/0f a}+s Jofh cfh{gdf
tflnsf @M ljB't pTkfbg tyf ljs|Lsf] cj:yf
nIo hDdf pTkfbg clws pTkfbg hDdf ljs|L
cf=j=
-o'lg6_ -o'lg6_ -o'lg6_ -o'lg6_
@)^)÷)^! 115198 119831 2264 111413 585,837,395
@)^!÷)^@ 132795 134309 2646 124487 690,902,201
@)^@÷)^# 133224 145084 6530 136328 816,607,088
@)^#÷)^$ 132790 147620 7188 139651 903,540,792
@)^$÷)^% 132795 145075 6908 138166 870,014,527
@)^%÷)^^ 137585 146220 11148 142127 883,446,000
@)^^÷)^& 140893 148132 9062 141565 886,564,900
@)^&÷)^* 132795 150110 10076 141856 885,046,000
@)^*÷)^( 142871 156083 13131 145781 900,638,647
@)^(÷)&) 148227 154019 5792 149649 968,553,507
@)&)÷)&! 151541 151390 11233 141113 985,004,000
@)&!÷)&@ 154976 154508 23202 152685 985,004,000
@)&@÷)&# 155513 155518 22718 154792 1,163,118,549
@)&#÷)&$ 155513 155518 22718 154792 !,!(^,**(,&$$
@)&$÷)&% 155513 149288 18933 147900 !,!#*,$#@,*^$
hDdf 3205989 1907899 131898 1819613 13,859,600,214

11
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

u_ sDkgLsf] k|lt z]o/ cfDbfgL cf=j= @)&#÷)&$
df ?=@&=)( /x]sf]df cf=j= @)&$÷)&% df
?=@@=(@ /x]sf] 5 . ljut cf=j= df !% k|ltzt
af]g; z]o/ lbOPsf] sf/0f z]o/ ;+Vof a[l4 x'gfn]
k|lt z]o/ cfDbfgL ;f]xL adf]lhd 36\g uPsf] 5 .
cf=j=@)&#÷)&$ df k|ltz]o/ gub nfef+z ?=
!)÷– / af]g; z]o/ !% k|ltzt lbOPsf]df o;
cf=j= @)&$÷)&% sf] nflu r'Qmf k"FhL ?= # cj{ (^
s/f]8 %! nfv !# xhf/sf] % k|ltzt gub nfef+z
/ @) k|ltzt af]g; z]o/ k|:tfj ul/Psf] 5 . cf=j=
@)&$÷)&% sf] nflu k|:tfj ul/Psf] af]g; z]o/
¿=&( s/f]8 #) nfv @@ xhf/ k"FhLs[t u/]kl5 /
gub nfef+z ?=!( s/f]8 *@ nfv %^ xhf/ ljt/0f
kl5 sDkgLsf] g]6jy{ k|ltz]o/ ?=!*#=#& x'g]5 .
3_ sDkgLsf] ljut % jif{sf] z]o/ k"FhL, C0f / ;l~rtLsf]
cj:yf lgDg u|fkm lrq g+= ! df k|:t't ul/Psf] 5M
cf=j= @)&#÷)&$ df z]o/ k"FhL ?=# cj{ $$
s/f]8 &( nfv @$ xhf/ / nfef+z tyf af]g;
Aoj:yf kZrft\ ;+lrtL ?=$ cj{ $ s/f]8 $@
nfv ## xhf/ /x]sf]df cf=j= @)&$÷)&% ;Dddf
z]o/ k"FhL ?=# cj{ (^ s/f]8 %! nfv !# xhf/
eO{ ;f] sf] cfwf/df o; aif{sf] nflu gub nfef+z
/ af]g; z]o/ Aoj:yf u/] kZrft ;+lrtL ?= #
cj{ (^ s/f]8 &) nfv @* xhf/ /xg]5 eg]
k|:tfljt jf]g; z]o/ k'Flhs[t u/]kZrft z]o/ k'FhL
¿= $ cj{ &% s/f]8 *! nfv #% xhf/ k'Ug] 5 .
ª_ sDkgLsf] cf=j= @)&#÷)&$ / @)&$÷)&% sf]
z]o/ ahf/ d"Nosf] t'ngfTds l:ylt lrq g+= @ df
k|:t't ul/Psf] 5 .
sDkgLsf] z]o/ ahf/sf] l:ylt x]bf{ sDkgLsf] z]o/
d"No @)&$ >fj0f dlxgfdf k|lt z]o/ ?=&*$÷–
/x]sf]df @)&% c;f/ d;fGtdf k|lt z]o/ ?=&()÷–
sfod /x]sf] b]lvPsf] 5 . o; cf=j= @)&$÷)&% df
z]o/sf] jhf/ d"No sl/j l:y/ g} /x]sf] b]lvG5 . s]xL
jif{b]lv sDkgLn] gub nfef+z / af]g; z]o/ ljt/0f
ub}{ cfPsf], cfˆgf ;xfos sDkgLx¿ dfkm{t gofF
cfof]hgfx? lgdf{0fsf] r/0fdf /x]sf] tyf sDkgLsf]
;fv / 5jL -Goodwill and Image_ klg pRr /x]sf]
sf/0f z]o/ d"No / sf/f]jf/sf b[li6sf]0faf6 sDkgL
pTs[i6 /xg ;kmn ePsf] 5 . cfufdL lbgdf cfˆgf
;xfos sDkgLx¿af6 k|ltkmn kfpg z'¿ u/]kl5
eg] z]o/wgLsf] k|ltkmn klg cem cfslif{t x'g]
ljZjf; z]o/wgL dxfg'efjx¿nfO{ lbnfpg rfxG5' .

lrq !M z]o/ k"“hL tyf ;l~rtL

%,))),)))
$,%)),)))
$,))),)))
#,%)),)))
/sd -?= xhf/df_

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@,%)),)))
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)
@)&)÷)&! @)&!÷)&@ @)&@÷)&# @)&#÷)&$ @)&$÷)&%
z]o/ k"FhL ;l~rtL

12
 lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

lrq @M sDkgLsf] cf=j= @)&$÷)&% sf] z]o/ ahf/ d"Nosf] l:ylt

)
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>fj0f efb| cflZjg sflt{s d+l;/ kf}if df3 kmfu'g r}q a}zfv h]i7 cfiff9
2074/75
@)&$÷)&% 2073/74
@)&#÷)&$

tflnsfdf k|:t't ul/Psf] jfx| dlxgfsf] z]o/ d"Nosf]
s'n c+snfO{ jfx|n] efu u/L cf}ift d"No lgsflnPsf]
5 h; cg';f/ cf=j= @)&#÷)&$ sf] cf}ift d"No
¿=(*)=&% sf] t'ngfdf cf=j= @)&$÷)&% df
cf}ift d"No ¿=*@(=^& cyf{t !%=$) k|ltzt n]
sld cfPsf] 5 .
@= af]g; z]o/ tyf gub nfef+z ;DjGwdfM
sDkgLn] cf=j= @)^)÷)^! b]lv @)&#÷)&$ ;Dd
hDdf ?=# cj{ &% s/f]8 *# nfv *( xhf/ gub
nfef+z ljt/0f ul/;s]sf]df cf=j= @)&$÷)&% df
k|:tfj ul/Psf] gub nfef+z ;d]t ubf{ ¿= # cj{ (%
s/f]8 ^^ nfv $$ xhf/ k'Ug] b]lvG5 . To;} u/L cf=j=
@)^&÷)^* b]lv cf=j= @)&#÷)&$ ;Dd hDdf /sd
¿=# cj{ %! nfv !# xhf/ a/fj/sf] af]g; z]o/ ljt/0f
ul/;lsPsf] 5 eg] cf=j= @)&$÷)&% df k|:tfj
ul/Psf] jf]gz z]o/ ;d]t ubf{ ¿= # cj{ &( s/f]8
*! nfv #% xhf/ ljt/0f ul/g] 5 h'g /sd z'¿sf]
z]o/ ;+Vofsf] t'ngfdf #=(^ u'0ff yk x'g cfpF5 .
cf=j= @)&$÷)&% df k|:tfj ul/Psf] k|ltkmn ljt/0f
kZrft klg cf}ift k|lt z]o/ ;+lrt d'gfkmf ?=*#=#&
/xg] s'/f caut u/fpg rfxG5' . nfef+z tyf af]g;
z]o/ 3f]if0ffsf] jif{ut ljj/0f tyf k|lt z]o/ cfDbfgL,
gub nfef+z tyf k|lt z]o/ ;+lrltsf] jif{ut t'ngf
tflnsf # df k|:t't ul/Psf] 5 .
o; cf=j= @)&$÷)&% df sDkgLsf] k|lt z]o/ cfDbfgL
?=@@=(@ ePtf klg ;+lrt d'gfkmfaf6 k|lt z]o/ @=)*
Aoj:yf x'g] u/L k|lt z]o/ ?=@% sf b/n] k|ltkmn ljt/0f
ug{sf] nflu o; ul/dfdo ;efdf k|:tfj ul/Psf] 5 .
o; sDkgLn] cf=j= @)^)÷)^! b]lv g} gub nfef+z
ljt/0f ub}{ cfO/x]sf] tYo dflysf] tflnsfaf6 g} :ki6
x'G5 . o;/L 3f]if0ff ul/Psf] gub nfef+z dWo] z]o/
/lhi6«f/n] pknAw u/fPsf] cfFs8f cg';f/ ¿= !% s/f]8
@$ nfv (^ xhf/ ljt/0f ug{ cem} afFsL b]lvG5 .
lrq # df b]vfOP adf]lhd k|lt z]o/ cfDbfgL, ;+lrtL
tyf jif{ut ;+lrlt x]bf{ cf=j= @)^)÷)^! sf] efb|
dlxgfaf6 dfq ljB't pTkfbg z'? ePsf] / ljs|L b/
klg z'?df sd ePsf] ;fy} ;j{;fwf/0f afx]ssf] ;Dk"0f{
z]o/ hf/L ul/Psf] sf/0f k|ltz]o/ cfDbfgL ?= %%
ePsf] b]lvG5 . cf=j= @)^!÷)^@ df aif}{ e/L pTkfbg
ePsf] / ljqmLb/ klg a[l4 ePsf] t/ z]o/ ;+Vof eg]
oyfjt ePsf sf/0f k|lt z]o/ cfDbfgL a9\g uPsf]
b]lvG5 . cf=j= @)^#÷)^$ b]lv cf=j= @)^&÷)^*
;Dd ;j{;fwf/0fnfO{ 5'§fOPsf] z]o/ lgisf;g gePsf]
t/ cfDbfgLdf lgoldt j[l4 e} /x]sf sf/0f k|ltz]o/
cfDbfgL a9\b} uPsf] b]lvG5 . t/ cf=j= @)^*÷)^(
af6 eg] ;Dk"0f{ z]o/ lgZsf;g eO;s]sf] / sDkgLn]
jf]gz z]o/ ;d]t lb+b} uPsf] x'Fbf z]o/ ;+Vofdf j[l4
ePsf]n] k|ltz]o/ cfDbfgL qmdz 36\b} uPsf] 5 .
#= sDkgLsf] efjL of]hgf Pj+ sfo{qmdM
-s_ b]z leqs} cfly{s tyf k|fljlws nufotsf >f]t
;fwgsf] plrt pkof]u ub}{ ;j{;fwf/0f hgtfsf]
j[xt ;xefuLtfdf hnljB't pTkfbg If]qdf of]ubfg
k'¥ofpg] nIosf ;fy sDkgLn] laleGg hnljB't
cfof]hgfx?sf] k|j4{g tyf ljsf; ul//x]sf] 5 .
hnljB't cfof]hgf ljsf;sf nflu sDkgLn]
tLg j6f hnljB't sDkgLx? k|j4{g u/L tL

13
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

tflnsf #M gub nfef+z tyf af]g; z]o/ 3f]if0ffsf] jif{ut ljj/0fM

k|ltz]o/ cfDbfgL gub nfef+z k|ltz]o/ af]g; z]o/ cf=j= sf] k|ltz]o/ ;+lrlt
cf=j=
-¿=_ -¿=_ -∞_ -¿=_
@)^)÷)^! %%=^# !) $%=^#
@)^!÷)^@ &*=#) @) %*=#)
@)^@÷)^# ^(=%( #% #$=%(
@)^#÷)^$ (!=$( #) ^!=$(
@)^$÷)^% (#=!@ #% %*=!@
@)^%÷)^^ !))=&( $% %%=&(
@)^^÷)^& !)^=%^ ^) $^=%^
@)^&÷)^* !)@=!@ #) $) #@=!@
@)^*÷)^( &)=#$ @) #) @)=#$
@)^(÷)&) %%=@# !) #) !%=@#
@)&)÷)&! $!=#^ !% @) ^=#^
@)&!÷)&@ #!=#! !@ !% $=#!
@)&@÷)&# @(=*% !) !) (=*%
@)&#÷)&$ @&=!* !) !% @=)(
@)&$÷)&% @@=(@ *% *@) -@=)*_
* k|:tfljt

lrq # M k|lt z]o/ cfDbfgL, gub nfef+z tyf k|lt z]o/ ;+lrltsf] jif{ut t'ngfM
!%)

!))=&( !)^=%^ !)@=!@

(!=$( (#=!@
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sDkgLx¿ dfkm{t !!! d]ufjf6 Ifdtfsf] /;'jfu9L cfof]hgfx¿sf] klxrfg tyf ljsf;sf nflu gLlh
hnljB't cfof]hgf, !)@ d]ufjf6 Ifdtfsf] dWo If]qsf nufgLstf{x¿, g]kfn ljB't k|flws/0f tyf
ef]6]sf]zL hnljB't cfof]hgf, !$=* d]ufjf6 o;sf cGo ;Dj¢ sDkgLx¿;Fu ;xsfo{ tyf
Ifdtfsf] ;fGh]g -dflyNnf]_ / $@=% d]ufjf6 ;dGjo u/L xfdL cufl8 al9/x]sf] Joxf]/f cjut
Ifdtfsf] ;fGh]g hnljB't cfof]hgf ;d]t u/L u/fpg rfxG5' .
s"n @&)=#) d]ufjf6 hl8t Ifdtfsf hnljB't
cfof]hgfx?sf] lgdf{0f sfo{ cufl8 a9fPsf] o;/L sDkgLsf] k|ToIf ;xefuLtfdf hnljB't
Joxf]/f oxfFx¿nfO{ cjut g} 5 . yk hnljB't cfof]hgfx?sf] ljsf; x'Fbf sDkgL;Fu ePsf]

14

cfly{s ;|f]t tyf k|fljlws bIftfsf] clwstd
pkof]u eO{ sDkgLsf] nufgL ug]{ Ifdtf u'0ffTds
?kdf a[l4 x'g hfg] ljZjf; xfdLn] lnPsf 5f} .
o;af6 z]o/wgL dxfg'efjx?nfO{ cfˆgf] nufgLdf
plrt k|ltkmn k|fKt x'g]5 eg] gLlh If]qsf
nufgLstf{x?;Fusf] ;xsfo{n] hnljB't If]qsf]
ljsf;df yk 6]jf k'Ug] ;fy} g]kfnsf] hnljB't
If]qsf] ljsf;sf nflu ;fj{hlgs–gLlh–;fem]bf/L
-Public-Private-Partnership_ sf] cjwf/0ffdf cfwfl/t
Pp6f ;'b[9 ;kmn gd'gf -Successful Model_ tof/
x'g] ljZjf;sf ;fy xfdL cufl8 al9/x]sf] tYo
oxfFx¿nfO{ cjut g} 5 .
-v_
o; sDkgLsf] ztk|ltzt nufgLdf lrlnd]
OlGhlgol/ª P08 ;le{;]h sDkgL :yfkgf u/L
o;af6 k/fdz{ ;]jf tyf hnljB't s]G› -kfj/
xfp;_ ;~rfng ;DjGwL ;]jf k|bfg u/L k|fKt x'g]
yk cfo cfh{gaf6 sDkgLsf] bLuf] ljsf;df 6]jf
k'Ug] 7flgPsf] 5 . xfn lrlnd] O{lGhlgol/ª P08
;le{;]h sDkgLn] ;fGh]g hnljB't sDkgL cGtu{t
lgdf{0fflwg b'O{ hnljB't cfof]hgfx¿sf] l8hfOg
tyf lgdf{0f ;'kl/j]If0f ;fy} o; sDkgLn] cWoogsf
nflu cufl8 a9fPsf b'O{ hnljB't cfof]hgfx¿sf]
lj:t[t kl/of]hgf k|ltj]bg ;lxtsf] ;+efJotf
cWoog nufotsf sfdx¿sf] k/fdz{ ;]jfsf nflu
7]Ssf ;+emf}tf u/L ;f] ;DaGwL sfdx¿ ul//x]sf]
5 . ;fy} pQm sDkgLn] :jb]zL k|fljlwsx¿nfO{
kl/rfng u/L k/fdz{ ;]jf k|bfg ubf{ ;Ifd :jb]zL
k|fljlws hgzlQm pTkfbg x'g] / csf]{tkm{ :jb]zL
d'›fsf] ;l~rltdf ;sf/fTds of]ubfg k'Ug] ljZjf;
lnOPsf] 5 . o;af6 sDkgLsf] Jofkf/ ljljlws/0f
-Business Diversification_ x'g] s'/fdf ljZj:t x'g
;lsg]5 .
cj d oxfFx¿nfO{ o; sDkgL cGtu{tsf hnljB't
sDkgLx¿ dfkm{t lgdf{0fflwg cfof]hgfx¿sf] jt{dfg
l:yltsf] jf/]df hfgsf/L u/fpg rfxG5' .
s= ;fGh]g tyf ;fGh]g -dflyNnf]_ hnljB't cfof]hgfM
/;'jf lhNnfdf /x]sf] lrlnd] hnljB't s]G›sf]
dflyNnf] hnfwf/ If]qsf] sl/j ^ ls=ld= df cjl:yt
;fGh]g vf]nf If]qdf sl/j ^)) ld6/sf] x]8 k|of]u
u/]/ !$=* d]ufjf6 Ifdtfsf] ;fGh]g -dflyNnf]_ /
15
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
$@=% d]ufjf6 Ifdtfsf] ;fGh]g hnljB't cfof]hgf
>[+vnfa4 -Cascade_ ?kdf lgdf{0f sfo{ e} /x]sf]
Joxf]/f oxfFx¿nfO{ cjut g} 5 .
;fGh]g hnljB't sDkgL lnld6]8sf] clws[t k"FhL ?=#
cj{ &% s/f]8 / hf/L k"h F L ?=# cj{ ^% s/f]8 /x]sf] 5 .
oL cfof]hgfx?df nufgL tyf lgdf{0f sfo{df :yfgLo
lgsfox?sf] ;d]t ;xefuLtf u/fO{Psf] 5 . ;fGh]g
hnljB't sDkgLsf] z]o/ ;+/rgfdf lrlnd] hnljB't
sDkgLsf] #(=#^ k|ltzt, g]=lj=k|f= sf] !)=#^ k|ltzt /
tTsfnLg /;'jf lh=lj=;= tyf lhNnfsf !* j6} uf=lj=;=
x? af6 hDdf !=@* k|ltzt z]o/ nufgL /x]sf] 5 . afFsL
$( k|ltzt z]o/ dWo] @$ k|ltzt z]o/ sd{rf/L ;~ro
sf]ifdf /sd hDdf ug]{ ;~rostf{, ;+:yfks z]o/wgL
;+:yfsf sd{rf/L tyf ;~ro sf]ifsf sd{rf/Lx¿nfO{
z]o/ lgisfzg tyf afF8kmfF8 ;d]t ;DkGg u/L /sd
;+sng ul/;lsPsf] 5 . ;fy} ;j{;fwf/0fsf] nflu
5'§ofPsf] !% k|ltzt, tyf :yfgLojf;Lx¿sf] nflu
5'§ofO{Psf] !) k|ltzt ;d]t u/L hDdf @% k|ltzt
z]o/ lgisfzg tyf ljqmL k|s[of clGtd r/0fdf /x]sf]
5 . o; sDkgLn] pNn]lvt b'O{ cfof]hgf ljsf;sf] nflu
?=! cj{ $# s/f]8 ^^ nfv $% xhf/ nufgL u/]sf] 5 .
n ;fGh]g hnljB't sDkgL cGtu{t lgdf{0fflwg oL
cfof]hgfx? dWo] ;fGh]g -dflyNnf]_ hnljB't
cfof]hgfsf] l;len lgdf{0f sfo{ sl/j &# k|ltzt
;DkGg eO{ ;s]sf] 5 . o; cGtu{t Intake Structure,
Bypass Canal, Desander, Forebay ;DkGg eO{
;s]sf] / Flushing Canal tyf Peaking Pond sf]
sfo{ clGtd r/0fdf /x]sf] 5 . d'Vo ;'¿ª vGg] sfo{
;DkGg eO{ Final Rock Support sf sfdx? klg
;DkGg eO{ ;s]sf] 5 . ;f]xL cGtu{tsf] Rock Trap
sf] vGg] sfd ;DkGg eO{ Final Concrete Lining
sf] sfd ;DkGg x'g] r/0fdf /x]sf], ljB'tu[x lgdf{0f
sfo{ z'? eO{;s]sf] 5 . k]g:6s ;'¿ªsf] Excavation
sfd ;DkGg eO{ Penstock kfOkx? h8fg ug]{ sfo{
/ xfO8«f]d]sflgsn sfo{ cGtu{t u]6x?sf] sfo{x¿
eO/x]sf] 5 .
n $@=% d]ufjf6 Ifdtfsf] ;fGh]g hnljB't
cfof]hgfsf] l;len lgdf{0f sfo{ cGtu{t sl/j ^%
k|ltzt ef}lts sfo{ k|ult /x]sf] 5 . o; cGtu{t
#^$) ld= d'Vo ;'¿ª dWo] sl/j @^)) dL= vGg]
sfo{ ;DkGg eO{;s]sf] 5 . O{G6]s, Balancing Pond,
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
5'k5'ª vf]nfsf] jfFwsf] sfo{ em08} *) k|ltzt
;DkGg ePsf] tyf O{G6]s :nf]ksf] sfo{ ;DkGg
u/L k|j]z ;'¿ª ljGb'af6 s/Lj !&) dL= leq
;Ddsf] sfo{ ;DkGg ePsf] 5 . ;h{6\ofªs vGg]
sfo{ ;DkGg eO{ ;s]sf] tyf Inclined Penstock sf]
dflyNnf] efudf Pilot hole vGg] sfo{ ;DkGg eO{
Enlargement sf nflu vGg] sfo{ klg eO{ /x]sf]
/ tNnf] k]g:6ssf] Pilot hole vGg] sfo{ xfn ;Dd
s/Lj *) dL= ;DkGg eO{ ;s]sf] 5 . ;a} k/LIf0f
;'¿ª vGg] sfo{ ;DkGg eO{ ;s]sf] tyf ljB't–u[x
sf] kmfp08];gsf sfo{ ;DkGg eO{ d]lzg kmfp08]zg
/ cGo ;+/rgfsf] sfo{ eO{ /x]sf] 5 . xfO8«f]d]sflgsn
sfo{ cGtu{t ;fGh]g -dflyNnf]_ sf] ljB't–u[xaf6
tNnf]sf] Peaking Reservoir hf]8\g] kfOk tyf 5'k5'ª
vf]nfsf] ;fOkmg kfOksf] sfd klg ;DkGg eO{
;s]sf] 5 .
n O{n]S6«f]d]sflgsn sfo{ cGtu{t d'Vo d'Vo
pks/0fx?sf] pTkfbg, ;'k/lehg tyf k/LIf0f
nufotsf sfo{x¿ ;DkGg eO{ cfof]hgfdf cfk"lt{
ug]{ sfd eO{/x]sf] tyf xfn ljB't–u[xdf embedded
part installation sf] sfo{ eO{/x]sf] 5 . ;du|df
x]bf{ ;fGh]g -dflyNnf]_ sf] s/Lj &@ k|ltzt /
;fGh]gsf] s/Lj ^^ k|ltzt sfo{ k|ult /x]sf] 5 .
b'a} cfof]hgfx? ;g\ @)!( sf] cGTo ;Dddf lgdf{0f
;DkGg ug]{ nIo /x]sf] 5 .
oL cfof]hgfx¿df :jb]zL hgzlQm kl/rfng u/L
:jb]zL lgdf{0f Joj;foLx¿af6 lgdf{0fsf sfdx¿
eO/x]sf] Joxf]/f klg o; ul/dfdo ;efnfO{ cjut
u/fpg rfxG5' . o;af6 :jb]zL sfdbf/nfO{ /f]huf/L
;[hgf ePsf] 5 . o; k|sf/sf 7"nf cfof]hgfx¿df sfd
ug{ :j]bzL lgdf{0f Joj;foLx¿sf] xf};nf a9]sf] 5 eg]
csf]{tkm{ ljb]zL d'›f ;l~rltdf of]ubfg k'u]sf] 5 .
v= dWo ef]6]sf]zL hnljB't cfof]hgfM
dWo ef]6]sf]zL hnljB't sDkgL lnld6]8 cGtu{t
l;Gw'kfNrf]s lhNnfdf ef]6]sf]zL gbLsf] kfgL k|of]u u/L
!)@ d]=jf= Ifdtfsf] dWo ef]6]sf]zL hnljB't cfof]hgfsf]
lgdf{0f e} /x]sf] 5 . o; sDkgLsf] clws[t k"FhL ?=^ cj{
@! s/f]8 / hf/L k"FhL ?= ^ cj{ /x]sf] 5 . cfof]hgf nufgL
tyf lgdf{0f sfo{df :yfgLo lgsfox?sf] ;d]t ;xefuLtf
u/fO{Psf] 5 . dWo ef]6]sf]zL hnljB't sDkgLsf]
16
z]o/ ;+/rgf cg';f/ %! k|ltzt ;+:yfks z]o/ dWo]
lrlnd] hnljB't sDkgLsf] #& k|ltzt, g]kfn ljB't
k|flws/0fsf] !) k|ltzt / l;Gw'kfNrf]s lhNnfsf :yfgLo
OGe]i6d]06 sDkgLx?sf] $ k|ltzt ;xefuLtf /x]sf] 5 .
To;} u/L ;j{;fwf/0f ;d"xsf] $( k|ltzt z]o/ dWo]
sd{rf/L ;~ro sf]ifdf /sd hDdf ug]{ ;~rostf{,
;+:yfks ;+:yf tyf C0fbftf ;+:yfsf sd{rf/Lx¿
;d]tsf nflu 5'§ofO{Psf] @$ k|ltzt z]o/ lgisfzg
e};s]sf] 5 . ;j{;fwf/0f ;d"xsf jfFsL @% k|ltzt z]o/
ljqmLsf nflu k|s[of cufl8 al9;s]sf] 5 . o; sDkgLn]
pQm sDkgLdf ?=@ cj{ @@ s/f]8 nufgL u/]sf] 5 .
dWo ef]6]sf]zL hnljB't cfof]hgfsf d'Vo sfdx¿nfO{
tLg efudf ljefhg ul/Psf] 5 . l;len tyf
xfO8«f]d]sflgsn sfo{ / O{n]S6«f]d]sflgsn sfo{ ljb]zL
7]s]bf/ sDkgLaf6 ;DkGg x'g] tyf 6«fG;ld;g nfOgsf]
lgdf{0f sfo{ :jb]zL 7]s]bf/af6 cufl8 a9fOPsf] 5 .
xfn cfof]hgfsf] x]8jS;{df vf]nf kmsf{pg] -River
Diversion_, Slope Excavations tyf 8\ofdsf] hu vGg]
nufotsf sfo{x¿ eO{/x]sf] 5 . To;} u/L &,!@$ dL=
nfdf] d'Vo ;'¿ª dWo] xfn;Dd $,@)) dL= vlg;lsPsf]
5 . Horizontal Penstock tunnel excavation tyf
Powerhouse slope and pit excavation ;DkGg eO{
kfj/xfp;df Concreting works z'¿ ePsf] 5 eg]
O{n]S6«f]d]sflgsn pks/0fx¿ ;fO6df k'lu;s]sf] cj:yf
5 . o;} u/L 6«fG;ldzg nfOg lgdf{0fsf] nflu 7]Ssf
;+emf}tf eO{ sfo{ cufl8 a9L/x]sf] 5 . cfof]hgf lgdf{0f
;DkGg cjlw #) h'g @)!( /x]tfklg ljljw sf/0fj;
s]xL ;dofjlw yk x'g] ;Defjgf /x]sf] 5 .
u= /;'jfu9L hnljB't cfof]hgfM
/;'jfu9L xfO8«fk] fj/ sDkgL lnld6]8af6 g]kfn–lrgsf]
l;dfgf /;'jfu9L gfsf glhs /x]sf] uf];fO{+ s'08
ufpFkflnsf j8f g+=@ / # ;fljssf] y'dg / l6d'/] uf=lj=;=
sf] l;dfgfdf /x]sf] ef]6s ] f]zL gbLsf] kfgL pkof]u u/L
!!! d]=jf= Ifdtfsf] /;'jfu9L hnljB't cfof]hgfsf]
lgdf{0f sfo{ e} /x]sf] 5 . o; sDkgLsf] clws[t k"hF L ?=&
cj{ / hf/L k"hF L ?= ^ cj{ *$ s/f]8 @@ nfv /x]sf] 5 .
o; sDkgLdf ;+:yfks z]o/ nufgL ;+/rgftkm{ lrlnd]
hnljB't sDkgL lnld6]8sf] #@=&( k|ltzt, g]kfn ljB't
k|flws/0fsf] !* k|ltzt / /;'jf lhNnfsf :yfgLo txsf]
)=@! k|ltzt ;d]t u/L hDdf %! k|ltzt /x]sf] 5 .
;j{ ;fwf/0f ;d"xsf] nflu 5'§ofOPsf] $( k|ltzt z]o/

dWo] sd{rf/L ;~ro sf]ifdf /sd hDdf ug]{ ;~rostf{,
;+:yfks z]o/wgL ;+:yf tyf ;~ro sf]ifsf sd{rf/Lx¿,
C0fbftf ;+:yfsf sd{rf/Lx¿ ;d]tnfO{ u/L hDdf @$
k|ltzt z]o/ lgisfzg tyf afF8kmfF8 ;d]t ;DkGg u/L
/sd ;+sng ul/;lsPsf] 5 . ;fy} ;j{;fwf/0f ;d"xsf]
afFsL @% k|ltzt z]o/ dWo] ;j{;fwf/0fsf] nflu !%
k|ltzt / /;'jf lhNnfsf :yfgLojfl;x¿sf] nflu !)
k|ltzt 5'§ofOPsf] / xfn pQm z]o/ lgisfzg tyf ljqmL
k|so[ f cufl8 a9fO{Psf] 5 .
o; cfof]hgfsf] lgdf{0f sfo{nfO{ d'VotM tLg n6df
ljefhg u/L lgdf{0f sfo{ cufl8 a9fOPsf] 5 .
n6 !M l;len tyf xfO8«f]d]sflgsn lgdf{0f sfo{sf
7]s]bf/n] clwsf+z ;+/rgfx?sf] lj:t[t l8hfOg ;DkGg
u/L ;f] sf] k/fdz{bftfaf6 :jLs[t eO{ sfo{ cufl8
a9fO{Psf] 5 . cfof]hgfsf] x]8jS;{sf] lgdf{0fsf nflu
c:yfoL afFw agfP/ River diversion u/L Undersluice
;+/rgfsf] 9nfg -concreting_ ug{] sfo{ sl/a *% k|ltzt
;DkGg ePsf], Intake sf] 9nfg sfo{ sl/a ^! k|ltzt
;DkGg ePsf] / Intake slope excavation tyf support
sf] sfo{ ;DkGg eO;s]sf] 5 . x]8jS;{ If]qdf kg]{ ;a}
;'?Ësf] excavation tyf rock support sfo{ ;DkGg
eO;s]sf], tLgj6} e"ldut l8:ofG8/sf] crown portion
sf] excavation tyf rock support sf] sfo{ ;DkGg
eO{ xfn d'Vo j]l;g la:t[lts/0f -Enlargement_ ug{]
sfo{ eO/x]sf] 5 . o; cfof]hgfsf] hDdf $!*% ld=
nfdf] x]8/]; ;'?Ësf] Breakthrough @) cui6 @)!*
df ;DkGg eO{ xfn Invert Concreting tyf Final rock
support sf] sfo{ eO/x]sf] 5 . To;}u/L e"dLut
ljB't u[x hfg] d'Vo ;'?Ë, transformer cavern, valve
Chamber, surge tank aeration tunnel nufotsf
k|j]; ;'?Ësf] Excavation tyf rock support sf] sfo{
;DkGg ePsf] 5 . Surge Tank df !=$ dL= Aof;sf] Pilot
hole vGg] sfo{ ;DkGg eO{ To;nfO{ !^ dL= Jof;df
la:t[lts/0f -Enlargement_ ug]{ tof/L eO/x]sf],
Penstock Vertical Shaft / Penstock Horizontal Tunnel
sf] excavation tyf rock support sf] sfo{ ;DkGg eO{
xfn tLgj6} Penstock trifurcation tunnel df :6Ln
kfO{k h8fgsf] sfo{ eO/x]sf] 5 . To;}u/L e"ldut
ljB't u[xsf] Excavation tyf rock support sf] sfo{
;DkGg eO{ Foundation tyf Super Structure x?sf]
concreting ug]{ sfo{ clGtd r/0fdf /x]sf] 5 . ;fy}
17
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
kfj/ xfp;df EOT Crane h8fg u/L ;~rfng eO/x]sf]
/ Transformer Cavern, Bus-Bar Tunnels nufotsf
;+r/gfx?sf] excavation tyf rock support sf] sfo{
;DkGg eO{ cGo sfo{ eO/x]sf] 5 . 6]n/]; 6g]nsf] sl/a
%)% dL= nDafO{df Excavation tyf rock support sfo{
;DkGg eO;s]sf] / afFsL sl/a !%) dL= sf] efudf
Excavation sfo{ cufl8 a9fO{Psf] 5 .
cfof]hgfsf] n6 @M On]S6«f]d]sflgsn sfo{sf 7]s]bf/n]
On]S6«f]d]sflgsn sfo{sf] l8hfOg ;DkGg u/L xfn qmlds
?kdf kfj/xfp;sf] d]l;g÷pks/0fx?sf]] pTkfbg tyf
cfk"lt{ u/L h8fg sfo{ klg z'? u/L;s]]sf] 5 .
To;}u/L cfof]hgfsf] n6 #M !#@ s]=eL= 8an ;ls{6
ljB't k|;f/0f nfO{g lgdf{0fsf] nflu 7]s]bf/n] cfof]hgfsf]
la:t[t ;e]{ tyf l8hfOg ;DkGg u/L xfn 6fj/
kmfp08];g tof/ kfg{] sfo{ ul//x]sf] 5 .
o; cfof]hgfaf6 ljB't pTkfbg x'g] cg'dflgt ldlt
@)&^ ;fn kmfNu'g & ut] -tbfg';f/ !( km/j/L, @)@)_
/x]sf] / xfn;Ddsf] ;dli6ut sfo{ k|ult s/La ^&
k|ltzt /x]sf] 5 .
3= lrlnd] OlGhlgol/Ë P08 ;le{;]h sDkgL lnld6]8
lrlnd] OlGhlgol/Ë P08 ;le{;]h s+= ln= sf] :yfkgf
@)&#÷)^÷!! ut] ePsf] xf] . o; sDkgLsf] clws[t
k"FhL ?= ^ s/f]8 / hf/L k"FhL ?= # s/f]8 /x]sf]df oxL
ldlt @)&%÷)&÷!^ ut] ;DkGg sDkgLsf] bf];|f] jflif{s
;fwf/0f ;efaf6 hf/L k"FhL a[l¢ u/L ?= % s/f]8 ()
nfv sfod ul/Psf] 5 . o; sDkgLdf lrlnd] hnljB't
sDkgL ln= sf] ztk|ltzt nufgL /x]sf] 5 . o; sDkgLsf]
d'Vo p2]Zo ;du| OlGhlgol/Ë ;]jf pknAw u/fpg' /x]sf]
5 . xfn o; sDkgLn] ;fGh]g hnljB't sDkgL ln=
cGtu{t lgdf{0fflwg hnljB't cfof]hgfx?sf] l8hfOg
tyf ;'kl/j]If0f ;DaGwL sfdx? ul//x]sf] / lrlnd]
hnljB't sDkgL cGtu{tsf a'9Lu08sL k|f]s hnljB't
cfof]hgf -$@) d]ufjf6_ tyf ;]tLgbL–# hnljB't
cfof]hgf -!^% d]ufjf6_ sf] ;+efJotf cWoogsf] nflu
;+emf}tf ;DkGg u/L cWoogsf sfdx? ul//x]sf] ;fy}
cGo ljleGg sfo{sf] nflu kxn eO/x]sf] 5 . sDkgLn]
pNn]lvt sfo{x?sf nflu cfjZostf cg';f/ hgzlQm
Joj:yfkg tyf kl/rfng ul//x]sf] / ljleGg lsl;dsf
cWoogx?nfO{ ;kmntfk"j{s ;DkGg ug{ cfjZostf
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
cg';f/ pks/0fx?sf] vl/b k|s[of cufl8 a9fpg'sf
;fy} bIf hgzlQm dfk{mt u'0f:t/Lo O{lGhlgol/Ë ;]jf
k|bfg ug]{ p2]Zosf ;fy cufl8 al9/x]sf] 5 .
$= rfn" cfly{s aif{sf] xfn;Ddsf] pknAwLM
o; sDkgLn] rfn" cf=j= @)&%÷)&^ sf] sflt{s
d;fGt;Ddsf] cjlwdf ^@ nfv &@ xhf/ clws o"lg6
;lxt ^ s/f]8 #% nfv !@ xhf/ o"lg6 ljB't laqmL u/L
?= $& s/f]8 () nfv @^ xhf/ cfDbfgL x'g'sf] ;fy}
Jofh cfDbfgL ¿= @ s/f]8 !$ nfv ;d]t u/L s'n
hDdf ¿=%) s/f]8 $ nfv () xhf/ cfo cfh{g ug{
;kmn ePsf] 5 . ;f] cjlwdf :jLs[t ah]6 tyf sfo{qmd
cg';f/ ?=* s/f]8 @) nfv * xhf/ vr{ ePsf] Joxf]/f
klg cjut u/fpg rfxG5' .
%= sDkgLsf] Joj;foLs ;DjGwM
lrlnd] hnljB't sDkgLn] b]zdf hnljB'tsf] If]qdf
Pp6f pbfx/0fLo klxrfg sfod /fVg ;kmn ePsf]
ljZjf; lnOPsf] 5 . sDkgLsf] pRr ;kmntfn] o;
sDkgL;+u k|ToIf jf ck|ToIf ?kdf ;+nUg /x]sf ;a}nfO{
uf}/jflGjt t'NofPsf] 5 . ljB't vl/b ug]{ g]kfn ljB't
k|flws/0f / cfof]hgf lgdf{0fdf laQLo ;xof]u k|bfg
ug]{ a}+s tyf ljQLo ;+:yfx? d'Vo ?kdf sd{rf/L
;~rosf]if, gful/s nufgL sf]if, lxdfnog a}+s lnld6]8
tyf nIdL a}+s lnld6]8 nufot cGo afl0fHo a}+sx¿
;b}j wGojfbsf kfqx¿ /x]sf 5g\ . ;fy} sDkgL
/lhi6«f/sf] sfof{no, g]kfn lwtf]kq af]8{, g]kfn :6s
PS:r]~h ln=, gful/s nufgL sf]if, ljleGg Soflk6n
dfs]{6\; tyf afl0fHo a}+sx? nufotsf ;a} ljlQo
;+:yfx¿;+u o; sDkgLsf] ;'dw'/ ;DaGw /x]sf] 5 . o;
lsl;dsf ;+:yfx?;+usf] Aoj;foLs ;DjGwn] sDkgLn]
yk ;kmntf xfl;n ug{ ;Sg] ljZjf; ;lxt eljiodf
klg o; k|sf/sf] ;DjGwnfO{ cem} ;jn / ;Ifd agfpg
sDkgL ;b}j k|of;/t /xg]5 .
^= ;xfos sDkgLx¿ dfkm{t lgdf{0fflwg
hnljB't cfof]hgfx¿sf] ljQLo Aoj:yfkg
;DaGwdfM
sDkgLsf] ljlQo tyf Joj:yfksLo cj:yf / Aoj;foLs
;DjGw ljZj;lgo /x]sf]n] g} sDkgLn] k|a4{wg u/]sf
sDkgLx¿ dfkm{t @&)=# d]ufjf6 Ifdtfsf hnljB't
cfof]hgfx¿ lgdf{0fsf nflu cfjZos C0f nufgL ug]{
;DjGwdf @)^* ;fn d+l;/ @@ ut] sd{rf/L ;~ro
18
sf]if, lrlnd] hnljB't sDkgL ln= / ;DjlGwt sDkgLx?
-/;'jfu9L xfO{8«f]kfj/ sDkgL, dWo ef]6]sf]zL hnljB't
sDkgL / ;fGh]g hnljB't sDkgL_ aLr lqkIfLo C0f
;Demf}tf eO{ ljlQo Joj:yfkg x'Fb} cfPsf] 5 . :jMk"FhL
/ C0fsf] cg'kft %)M%) /xg] u/L /;'jfu9L hnljB't
cfof]hgfsf] nflu ?=^ cj{ *$ s/f]8 @! nfv, dWo
ef]6]sf]zL hnljB't cfof]hgfsf] nflu ?=^ cj{ !$
s/f]8 !^ nfv, ;fGh]g -dflyNnf]_ / ;fGh]g hnljB't
cfof]hgfsf] nflu ?=# cj{ ^@ s/f]8 !^ nfv u/L hDdf
!^ cj{ ^) s/f]8 %# nfv shf{ k|jfx ug] sf]if;Fu
;Demf}tf ePsf] Joxf]/f cjut g} 5 . o;sf nflu g]kfn
ljB't k|flws/0f / lrlnd] hnljB't sDkgL lnld6]8af6
;+:yfut hdfgt lbOg'sf ;fy} o; sDkgLsf] :jfldTjdf
/x]sf] ;Dk"0f{ hfoh]yf sd{rf/L ;~ro sf]ifsf gfddf
;DalGwt dfnkf]t sfof{nodf b[li6 jGws /lhi6«]zg
kf; ul/Psf] 5 .
&= ;~rfns ;ldltM
o; sDkgLdf ;+:yfks z]o/wgL >L g]kfn ljB't
k|flws/0fsf] tkm{af6 % hgf tyf ;j{;fwf/0f ;d"xaf6
$ hgf u/L hDdf ( hgf ;~rfnsx¿n] k|ltlglwTj
ul//xg' ePsf] 5 . g]=lj=k|f= sf] tkm{af6 o; sDkgLsf]
;~rfns ;ldltdf k|ltlglwTj ug]{ ;~rfnsx¿
g]=lj=k|f= sf sd{rf/L x'g] ePsf]n] lghx¿ ;]jf lgj[t x'Fbf
;~rfns k|ltlglwsf] kl/jt{g x'g] u/]sf] 5 . xfn;Dd
:jtGq ;~rfnssf] Joj:yf ul/Psf] 5}g . sDkgL P]gsf]
Joj:Yff adf]lhd b'O{ hgf :jtGq ;~rfns lgo'QmL eP
kZrft dfq ;~rfns ;ldltn] k"0f{tf kfpg] 5 . afFsL
;j{;fwf/0f ;d"xaf6 $( k|ltzt z]o/sf] k|ltlglwTj
x'g] Joj:yf 5 . ;dLIff cjlwdf ;~rfns ;ldltsf]
a}7s !) k6s a;]sf] lyof] . xfnsf] ;~rfns ;ldltsf]
ljj/0f tflnsf $ df /x]sf] 5 .
*= n]vfk/LIf0f k|ltj]bg pk/ ;~rfns
;ldltsf] k|ltlqmofM
cf=j= @)&$÷)&% df o; sDkgL cGtu{tsf ;xfos
sDkgLx¿n] n]vfk/LIf0f u/fO{ pknAw u/fPsf ljlQo
ljj/0fx¿nfO{ cfwf/ lnO{ o; sDkgLsf] n]vfk/LIf0f
ePsf ljlQo ljj/0fx¿ ;d]t Plss[t -Consolidated_
u/L tof/ ul/Psf ;+o'Qm ljlQo ljj/0fx¿
-Consolidated Financial Statements_ oxfFx¿nfO{ pknAw
ePsf] k|ltj]bgdf ;dfj]z ul/Psf] 5 . ;fy} sDkgLsf] dfq
 lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

tflnsf $M ;~rfns ;ldlt

;+rfnssf] gfd kb k|ltlglwTj ug]{ b]lv ;Dd
;+:yf / ;d'x
>L s'ndfg l3l;ª cWoIf k|ltlglw, ;+:yfks ;d"x -g]=lj=k|f=_ @)&#÷)^÷)$ xfn;Dd
>L n]vgfy sf]O/fnf ;~rfns k|ltlglw, ;+:yfks ;d"x -g]=lj=k|f=_ @)&!÷)$÷)% xfn;Dd
>L zflGt nIdL zfSo ;~rfns k|ltlglw, ;+:yfks ;d"x -g]=lj=k|f=_ @)&#÷)%÷!@ xfn;Dd
>L x//fh Gof}kfg] ;~rfns k|ltlglw, ;+:yfks ;d"x -g]=lj=k|f=_ @)&#÷)&÷!@ xfn;Dd
>L dgf]h l;njfn ;~rfns k|ltlglw, ;+:yfks ;d"x -g]=lj=k|f=_ @)&$÷)#÷#! xfn;Dd
>L t'n;L/fd 9sfn ;~rfns k|ltlglw, ;j{;fwf/0f ;d"x @)&@÷)@÷#) xfn;Dd
>L /fdk|;fb l/dfn ;~rfns k|ltlglw, ;j{;fwf/0f ;d"x @)&@÷)@÷#) xfn;Dd
>L led k|;fb ltdlN;gf ;~rfns k|ltlglw, ;j{;fwf/0f ;d"x @)&@÷!)÷!% xfn;Dd
>L k;f{bf] tdfª ;~rfns k|ltlglw, ;j{;fwf/0f ;d"x @)&@÷!)÷!% xfn;Dd

ljlQo ljj/0fx¿ klg ;f]xL jflif{s k|ltj]bgdf ;dfj]z
ul/Psf] 5 . o; sDkgLsf ;xfos sDkgLx¿sf] ljlQo
ljj/0fx¿ Plss[t ubf{ g]kfn ljlQo k|ltj]bg dfkb08
-Nepal Financial Reporting Standards-NFRS_ tyf ;f]
n] g;d]6]sf] xsdf cGt/fl{\i6«o ljlQo k|ltj]bg dfkb08
-International Financial Reporting Standards-IFRS_ n]
lgb[i6 u/] cg'¿k ul/Psf] 5 .
(= sDkgLsf] s]Gb|Lo sfof{no ejg lgdf{0fM
lrlnd] hnljB't sDkgL ln= n] sf7df8f}+ dxfgu/kflnsf
j8f g+=–$, w'Daf/fxL, sf7df8f} l:yt cfˆg} gfddf
/x]sf] @&#)=&^ ju{ ld6/sf] hUufdf lrlnd] 6fj/
lgdf{0f ug]{ of]hgf cg';f/ xfn cfjZos l8hfOg tyf
gSzf ;DaGwL sfo{x¿ k'/f u/L cfjZos :jLs[ltsf
nflu sf7df8f}+ dxfgu/kflnsfdf k]z ul/;s]sf] 5 .
pQm k]z u/]sf] ;Dk"0f{ l8hfOg tyf gSzfx¿ sf7df8f}+
dxfgu/kfnLsfsf] cflwsfl/s lgsfoaf6 ;d]t :jLs[lt
eO{ ;DalGwt j8f sfof{nodf a'emfOPsf] 5 . k|:tfljt
ejg hDdf ()#&=#^ ju{ ld6/ Floor Area sf] sl/j
*$%=!^ ju{ dL If]qkmndf lgdf{0f x'g]5 .
k|f/lDes jftfj/0f -IEE_ cWoog ;DaGwdf zx/L ljsf;
tyf k'glg{df0f dGqfnoaf6 Term of Reference -ToR_
:jLs[t e};s]sf] 5 . ;fy} ToR cg';f/ jftfj/0fLo k|efj
d"NofÍgsf] k|s[of clGtd r/0fdf /x]sf] 5 . lgdf{0f
Aoj;foLx¿sf] 5gf}6sf] xsdf k'j{of]Uotf d"Nofªsgaf6
5gf}6 ePsf $ j6f lgdf{0f Joj;foL sDkgL dWo]af6
k]z x'g cfPsf jf]nkq ;DaGwL sfuhfx¿ d"Nofªsg
u/L of]Uo sDkgL 5gf}6sf] k|s[of clGtd r/0fdf k'u]sf]
5 . o; sfo{nfO{ rf8} ;DkGg u/L ejg lgdf{0f sfo{
cufl8 a9fOg] 5 .
!)= ;+:yfut ;fdflhs pQ/bfloTjM
o; sDkgLn] ;fdflhs pQ/bfloTj cGtu{t ljz]if u/]/
ljB't–u[x jl/k/Lsf k|ToIf jf ck|ToIf ?kdf k|efljt
If]qx?df ljB't, vfg]kfgL, lzIff, :jf:Yo, /f]huf/L, l;+rfO{,
af6f]3f6f] h:tf sfo{x?df jflif{s ?kdf /sd 5'6o\ fO{
pNn]Vo ;xof]u k'¥ofpFb} cfPsf] 5 . ;fy} ;/f]sf/ ;ldlt
dfkm{t k|efljt If]qdf vr{ ug]{ u/L af:s]6 km08 :j?k
jflif{s ?=@% nfv yk pknAw u/fpFb} klg cfPsf] 5 .
sDkgLsf] ;+:yfut ;fdflhs pQ/bfloTjsf] lg/Gt/tf
:j?k k|To]s jif{h:t} rfn" cf=j= @)&%÷)&^ df klg
;fd'bflos ljsf; / af:s]6 km08 ;lxt ah]6 Aoj:yf
ul/Psf] 5 . ;Dk"0f{ /sd sDkgLn] nufgL u/L /;'jf
lhNnfsf hgtfsf] :jf:Yo pkrf/nfO{ k|efjsf/L jgfO{
plrt ;dodf g} c:ktfn k'uL pkrf/ u/fpg d2t
k'Ug] u/L 6f]of]6f sDkgLsf] Ps yfg PDj'n]G; pknAw
u/fOPsf] 5 . :yfgLo :t/df pknAw x'g ;Sg] hgzlQm
klxrfg u/L ljleGg /f]huf/Lsf cj;/x¿ v'Nnf ul/b}
cfOPsf] 5 . :yfgLo :t/df /x]sf lgdf{0f Joj;foLx¿n]
klg ljleGg lsl;dsf sfdx¿ ub}{ cfO/x]sf] cj:yf 5
xfnsf] cfdf5f]lbªdf] ufpFkflnsf uf]Nh'ª lkm8/ /f]8sf]
:t/f]Ggltsf nflu cf=j= @)&$÷)&% df ¿= $^ nfv
&) xhf/ cfly{s ;xof]u ;d]t u/]sf] / o;af6 slDtdf
#% 3/kl/jf/ k|ToIf nfeflGjt ePsf 5g\ .

19
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
!!= laut jif{df z]o/wgL dxfg'efjx¿n] p7fPsf
ljifox¿M
ljut aif{df z]o/wgL dxfg'efjx?n] lbg' ePsf ;'emfjx?
pk/ sDkgLsf] cjwf/0ff lgDg cg';f/ /x]sf 5g\
!= aflif{s ;fwf/0f ;ef / k|ltkmnM
z]o/wgLnfO{ plrt k|ltkmn lbg] ;DjGwdf o; sDkgLn]
ljz]if Wofg lbPsf] / cfufdL lbgx¿df ;d]t z]o/wgLsf]
rfxgfnfO{ Wofgdf /fv]/ sfo{ cufl8 a9fOg] 5 .
@= gofF cfof]hgf ;DjGwdfM
o; sDkgLsf] cu'jfO{df :yfkgf ePsf hnljB't
sDkgLx¿ dfkm{t lgdf{0fflwg hnljB't cfof]hgfx¿
tf]lsPsf] nfut, ;do / u'0f:t/df ;DkGg ug{ ;j} If]qaf6
k|of; eO/x]sf] 5 . ;fy} pQm cfof]hgfx¿sf] lgdf{0f
sfo{sf] cj:yfnfO{ x]/L yk hnljB't cfof]hgfx¿sf]
klxrfg u/L ljsf; ul/g] of]hgf cg'¿k xfn tLgj6f
gofF hnljB't cfof]hgfx¿sf] cWoog cufl8 a9fOPsf]
5 . k/fdz{bftfaf6 k|ltj]bg k|fKt ePkl5 pko'Qm
cfof]hgfx¿sf] lgdf{0fsf nflu k|s[of cufl8 a9fO{g]
Joxf]/f cjut uf/fpg rfxG5' .
#= Aoj;fo ljljlws/0fM
o; sDkgLsf] cfDbflgsf] d"Vo >f]t eg]sf] xfn ljB't ljqmL
dfq /x]sf]df b]zleq ljleGg sfdsf cj;/x¿ b]lvPsf]n]
lrlnd] Ol~hlgol/ª P08 ;le{;h ] sDkgL :yfkgf ul/Psf]
5 . o; sDkgLsf] p2]Zo ljleGg lsl;dsf k|fljlws
;]jfx¿ lbO{ cfo cfh{g ug]{ /x]sf] 5 .
$= cGo ;DjGwdfM
ljutsf jif{x¿df jflif{s k|ltj]bg 5kfO{ nufotdf
;fdfGo dfgjLo q'l6x¿nfO{ ;se/ Go'gLs/0f ug]{ k|of;
ul/Psf] 5 . ;fy} d~r Joj:yfkgnfO{ cfslif{t jgfpg
;'emfj eP cg';f/ ;'wf/sf nflu sf]lzz ul/Psf] 5 .
sDkgLn] u/]sf sfo{x¿ tyf cGo z]o/wgLsf ;/f]sf/sf
ljifox¿nfO{ g5f]l8sg o; jflif{s k|ltj]bgdf ;d]6\g]
k|of; ul/Psf] 5 . jflif{s k|ltj]bg ;a} z]o/ wgLx?sf]
;lhn} kx'Fr xf];\ egL sDkgLsf] Website df /flvg'sf
;fy} z]o/ /lhi6«f/sf] sfof{noaf6 klg pknAw u/fpg]
Joj:yf ldnfOPsf] 5 .
20
!@= d"Vo sDkgL / ;xfos sDkgL aLrsf]
sf/f]jf/M
o; sDkgLsf] d"Vo ;+:yfks g]kfn ljB't k|flws/0f;Fu
ljB't vl/b–ljqmL ;Demf}tf cg';f/sf] sf/f]jf/, 3/hUuf
ef8f, / sd{rf/L ;fk6L ;DjGwL sf/f]jf/ x'g] u/]sf] 5 .
To;} u/L o; sDkgLsf] ;xfos sDkgL ;fGh]g hnljB't
sDkgL ln= n] ;fGh]g hnljB't cfof]hgfsf] ljB'tu[x
If]qdf o; sDkgLsf] :jfldTjdf /x]sf] !! /f]kgL hUuf
#) aif{nfO{ lnhdf lnP jfkt pQm sDkgLn] lnh ef8f
e'QmfgL ub}{ cfPsf] 5 eg] /;'ufu9L xfO{8«f]kfj/ sDkgL
ln= n] klg o; sDkgL cGtu{tsf] lrlnd] kfj/ KnfG6df
sfo{/t sd{rf/Lsf] cfjf; If]qdf /x]sf] lk|ˆofa ejg
ef8fdf lnO{ ef8f e'QmfgL ub}{ cfPsf] 5 . lrlnd]
Ol{Ghlgol/ª P08 ;le{;]h sDkgL ln= ;+u sDkgLn]
cWoogsf nflu cufl8 a9fPsf $@) d]ufjf6 Ifdtfsf]
a'9Lu08sL k|f]s hnljB't cfof]hgf / !^% d]ufjf6
Ifdtfsf] ;]tLgbL–# hnljB't cfof]hgfsf] DPR ;lxtsf]
;+efJotf cWoogsf nflu 7]Ssf ;+emf}tf eP adf]lhd
k/fdz{ ;]jf jfktsf] /sd sfo{ k|ultsf cfwf/df
e'QmfgL ub}{ cfPsf] 5 .
!#= lrlnd] hnljB't s]Gb|M
o; lrlnd] hnljB't sDkgL cGtu{t ;~rflnt lrlnd]
hnljB't s]G›n] @)^) ef› * b]lv Joj;foLs ljB't
pTkfbg z'¿ u/]sf] / xfn;Dd klg k"0f{ Ifdtfdf
;~rfng eO/x]sf] 5 . ef}uf]lns kl/j]z cg';f/sf]
l8hfOg, cGt/f{li6«o :t/sf pks/0f tyf dha't l;len
;+/rgfsf sf/0f o; s]G›n] ;~rfngsf] !%cf}+ jif{ ;Dd
klg lgoldt ?kdf ck]Iffs[t ¿kdf ljB't pTkfbg ub}{
cfO/x]sf] Joxf]/f cjut u/fpg rfxG5' . kf6k'hf{x¿sf]
cefjdf x'g ;Sg] pTkfbg gf]S;fg -Generation Loss_
nfO{ dWogh/ u/L 7f]; of]hgfsf ;fy s]G›nfO{
cfjZos kg]{ k"hf{x? pks/0fsf pTkfbs sDkgL;Fu
vl/b u/L hu]8fdf /fVg] ul/Psf] 5 . s]G›df hl8t
Governing System, Excitation System, SCADA System
Pj+ Protection System nufotsf k|0ffnLx¿df cfPsf]
k|ljlw kl/jt{gnfO{ ;+jf]wg x'g] u/L cBfjlws /fVg
pNn]lvt k|0fflnx¿sf] ;'b[l9s/0f -Rehabilitation_ ug{
cfjZos b]lvPsf]n] cGt/f{li6«o :t/df af]nkq cfJxfg
ul/ xfn k|fKt jf]nkqbftfx¿sf] af]nkq d"NofÍg ug]{
sfo{ eO{ /x]sf] 5 .

!$= cfGtl/s lgoGq0f k|0ffnLM
cfGtl/s lgoGq0f k|0ffnL k|efasf/L agfpg ;DjlGwt
P]g, lgod tyf ljlgodfjnLx¿ kl/kfngf ul/Psf]
5 eg] sDkgL ;~rfns ;ldltsf] :jLs[ltdf ljleGg
ljlgodfjnL tyf sfo{ljlw th{'df u/L nfu" ul/Psf] 5 .
sDkgLn] cfˆg} cfly{s k|zf;g ljlgodfjnL tof/
u/L ljleGg cfly{s clwsf/ tyf l;dfx? tf]lsPsf]
5 . cfGtl/s n]vfk|0ffnL ;an agfO{ /fVg sDkgL
P]g, @)^# sf] bkmf !^$ sf] clwgdf /xL ;~rfns
;ldltsf ;b:ox? /x]sf] n]vfk/LIf0f ;ldlt u7g u/L
;f]xL ;ldltsf] lgb]{zg Pj+ cg'udgdf sDkgLsf] n]vf
;~rfng x'Fb} cfPsf] / cfGtl/s n]vfk/LIf0fsf] ;d]t
Aoj:yf /x]sf] Aoxf]/f cjut u/fpg rfxG5' . ;fy}
sDkgLn] ISO 9001:2008 (QMS) / ISO14001:2004 (EMS)
nfu" ul/ o;sf] lgoldt ¿kdf cfGtl/s tyf jfx\o
k/LIf0f -cl86_ klg u/fpFb} cfPsf]5 .
!%= sd{rf/L Joj:yfkgM
o; sDkgLsf] sd{rf/L Joj:yfkgnfO{ k|efjsf/L jgfpg]
p2]Zo cg';f/ sd{rf/L ;]jf zt{ ljlgodfjnL, @)&!
:jLs[t u/L nfu" ul/Psf] 5 . ;f]xL ljlgodfjnLsf]
clwgdf /xL :jLs[t b/jGbL tyf ;+u7g tflnsf
cg';f/ sd{rf/Lx?sf] egf{, 5gf}6, kb:yfkgf, j[lQ
ljsf;, cjsf; nufotsf sfdx? ul/b} cfPsf] 5 .
sd{rf/Lx?sf] j[lQ ljsf; tyf Ifdtf clea[l4sf
nflu ljleGg tflndx?sf] cj;/ lbg] ul/Psf] 5 .
sd{rf/Lx?df lhDd]jf/L / hjfkmb]xLtf clea[lå ug{ sfo{
ljj/0f pknAw u/fOPsf] 5 .
sDkgLsf] :jLs[t ljlgodfjnL tyf k|rlnt >d P]gsf]
clwgdf /xL pkbfg, labf, cf}iflw pkrf/, aLdfsf] Joj:yf
ul/Psf] 5 . sd{rf/Lx?sf] tna nufotsf ;]jf ;'ljwf
tf]Sg] ;Dk"0f{ clwsf/ ;~rfns ;ldltdf lglxt /x]sf] 5 .
cf=j= @)&$÷)&% df clws[t :t/df k|fljlws tkm{ !^,
k|zf;g tkm{ ^ ;d]t @@ hgf / ;xfos :t/df k|zf;g
tkm{ $^ / k|fljlwstkm{ @& ;d]t &# hgf u/L s'n (%
hgf sd{rf/L sfo{/t /x]sf lyP . h; cGtu{t sDkgLsf
:yfoL sd{rf/L *(, g]kfn ljB't k|flws/0faf6 sfhdf
vl6O{ cfPsf sfo{sf/L k|d'v ;lxt # / s/f/ ;]jfdf
# hgf /x]sf lyP . sDkgLaf6 clws[t :t/df @# hgf
/ ;xfos :t/df % hgf sd{rf/L 5gf}6 tyf egf{sf]
nflu lnOPsf] lnlvt k/LIffsf] glthf k|sfzg k|s[ofdf
21
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%
/x]sf] 5 . sd{rf/Lx¿nfO{ cfjZostf cg';f/ sfo{sf/L
k|d'vn] ljleGg sfo{If]qdf v6fpg] Joj:yf 5 .
!^= cfly{s jif{ @)&$÷)&% sf] s"n Aoj:yfkg
vr{sf] laj/0fM
sDkgLsf] s]G›Lo sfof{no ;~rfngdf x'g] x|f; vr{
jfx]ssf] vr{nfO{ Joj:yfkg vr{ dflgPsf] 5 . cf=j=
@)&$÷)&% df sd{rf/L jf]g; ;d]t sDkgLsf]
Joj:yfkg vr{ ?= & s/f]8 && nfv *& xhf/ /x]sf]
5 . Knf06 ;~rfngsf nflu k|zf;lgs Pj+ ;~rfng
;+ef/ vr{ cGtu{t ?=!@ s/f]8 %# nfv #$ xhf/ dfq
vr{ ePsf] 5 .
!&= n]vfk/LIf0f ;ldltM
sDkgL P]g, @)^# sf] bkmf !^$ df ePsf] Aoj:yf
cg';f/ sDkgLsf] ;~rfns ;ldltn] lgDgfg';f/sf] Ps
n]vfk/LIf0f ;ldlt u7g u/]sf] 5 M
;~rfns, >L n]vgfy sf]O/fnf ;~of]hs
;~rfns, >L x//fh Gof}kfg] ;b:o
;~rfns >L t'n;L/fd 9sfn ;b:o
cf=j= @)&$÷)&% df n]vfk/LIf0f k|ltj]bg, cfjlws
cfly{s k|ltj]bg tyf cGo cfly{s Aoj:yfkgsf
ljifox?df 5nkmn ug{sf nflu n]vfk/LIf0f ;ldltsf]
!% k6s a}7s a;]sf] lyof] . n]vfk/LIf0f ;ldltsf]
a}7sdf pkl:yt ;~rfnsx?nfO{ k|lt a}7s eQf afkt
?=#,)))÷– lbg] Joj:yf /x]sf] 5 .
!*= ;~rfns tyf pRr kb:y kbflwsf/Lx¿sf]
kfl/>ldsM
o; cf=j= @)&$÷)&% df sDkgLsf kbflwsf/Lx?sf]
;~rfns ;ldltsf] k|lt a}7s k|lt AolQm eQf ?=
&,)))÷–, ;~rfns /x]sf] ;ldlt÷pk–;ldltsf] a}7s
eQf k|lt AolQm k|lt a}7s ?=#,)))÷–, ;~rfnsx?nfO{
;~rf/ tyf oftfoft ;'ljwf jfkt k|lt AolQm dfl;s
?=%,)))÷–, k|d'v sfo{sf/L clws[tsf] dfl;s tna,
eQf tyf ;'ljwf ?= !,%*,&^@ / -cGo pk–;ldlt
-;~rfns afx]s cGo kbflwsf/Lx? ;+nUg_ k|lt AolQm
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22
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23
lrlnd] hnljB't jflif{s k|ltj]bg
sDkgL lnld6]8 cf= j= @)&$÷)&%

24
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Chillime Jalavidhyut Co. Ltd. (Group)

Financial Statements as per
Nepal Financial
Reporting Standards
(NFRS)
for Fiscal Year 2074/2075 (2017/2018)

25
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

26
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

27
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Consolidated Statement of Financial Position (Group)

As at 32 Ashad 2075 (16 July 2018)
NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS NOTES (15.07.2017) (16.07.2016)
(16.07.2018)
Restated Restated
Assets
Non Current Assets
Property, Plant and Equipment
Property, Plant and Equipment 1.2 1,896,446,886 1,928,028,927 1,986,869,718
Construction Assets - Subsidiaries 1.2.1 691,991,211 553,904,666 562,833,576
Capital Work in Progress 1.1.5 14,186,870,904 9,492,578,585 5,288,486,527
16,775,309,001 11,974,512,178 7,838,189,821
Current Assets
Inventory 3 166,793,953 178,488,076 182,322,671
Prepayments 4 3,271,216 4,401,980 4,052,862
Advances, Deposits and Other Receivables 5.1.1 2,700,286,091 3,235,949,356 3,390,232,700
Trade Receivables 5.1.2 136,108,204 122,548,900 138,622,649
Investment in Term Deposits 5.1.3 1,971,044,120 380,139,080 400,000,000
Cash and Cash Equivalents 5.1.4 1,047,597,521 781,819,587 931,520,215
6,025,101,105 4,703,346,979 5,046,751,097
Total Assets 22,800,410,107 16,677,859,157 12,884,940,918
Equity and Liabilities
Equity
Share Capital 6 3,965,113,152 3,447,924,480 3,134,476,800
Retained Earnings 7 4,754,825,995 4,671,013,672 4,436,732,958
Total 8,719,939,147 8,118,938,152 7,571,209,758
Non Controlling Interest 7.1 4,867,391,504 2,344,630,857 2,221,195,938
Non Current Liabilities
Defined Benefit Obligation 8.2.3 56,614,285 53,955,670 49,837,590
Other Current Liabilities
Deferred Tax Liabilities 9.2.1 122,891,122 122,277,192 123,041,763
Long Term Loans 20.1.2 8,447,210,799 5,594,683,439 2,570,390,271
Total 8,626,716,206 5,770,916,301 2,743,269,624
Current Liabilities
Provisions 10 56,836,063 52,845,709 136,189,087
Trade and Other Payables 5.2.1 529,527,187 390,528,138 213,076,512
Total 586,363,250 443,373,847 349,265,599
Total Equity and Liabilities 22,800,410,107 16,677,859,157 12,884,940,918
Board of Directors As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman ___________________
Pratap P. Pradhan
________________ ___________________ __________________ ______________________ Principal
PP Pradhan & Co.
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina
Chartered Accountants
Member Member Member Member

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

28
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the year ended 32 Ashadh 2075 (16 July 2018)
NRs.
2073/074
FY2074/075
PARTICULARS NOTES (2016/17)
(2017/18)
Restated
Income
Revenue from Sale of Electricity 11 1,138,432,864 1,196,889,744
Expenses
Hydel Plant Operating Expenses 12 (151,650,338) (134,080,795)
Administrative Expenses 13 (177,441,111) (172,202,204)
Depreciation 1 (76,301,165) (81,065,461)
Operating Profit/ (Loss) 733,040,249 809,541,284
Finance Income 14 141,503,724 61,555,153
Other Income 15 57,756,603 (4,955,145)
Assets written off - (1,858,312)
Profit / (Loss) before Tax and Bonus 932,300,576 864,282,980
Employee Bonus 8 (19,160,064) (18,889,842)
Profit/ (Loss) before Tax 913,140,512 845,393,138
Less: Tax 9
  Current Tax (18,814,163) (10,898,992)
  Prior Period Tax (FY 2060/61 and FY 2061/62) (12,950,121) -
  Deferred Tax Income (Expense) 710,616 1,538,828
Net Profit/ (Loss) For the Year including Non-controlling Interest 882,086,844 836,032,974
Net Profit/ (Loss) For the Year attributable to Non-controlling Interest (13,574,809) (26,836,044)
Net Profit/ (Loss) For the Year attributable to CJCL 895,661,653 862,869,018
Earnings Per Share
 Basic 16 22.25 27.09
 Diluted 16 N/A 21.08
Other Comprehensive Income
Actuarial Gain (Loss) on re-measurements of defined benefit plans 8 6,622,726 3,871,280
Income tax relating to items that will not be reclassified 9 (1,324,545) (774,256)
Other Comprehensive Income for the Year 5,298,181 3,097,024
Total Profit / (Loss) & Other Comprehensive Income 887,385,025 839,129,998

Board of Directors As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman ___________________
Pratap P. Pradhan
________________ ___________________ __________________ ______________________ Principal
PP Pradhan & Co.
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina
Chartered Accountants
Member Member Member Member

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

29
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Consolidated Statement of Cash Flow

For the year ended 32 Ashadh 2075 (16 July 2018)
NRs.
FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
Cash Flow from Operating Activities
Profit before interest and tax 913,140,512 845,393,138
Adjustments
Depreciation 76,301,165 81,065,461
Income from Investment and Bank Deposit (141,503,724) (61,555,153)
Assets Written Off - 1,858,312
Gain on Sale of Asset - (1,805,000)
Stock Written Off - 1,335,933
Employee Gratuity, Leave and Welfare Provisions 9,281,342 8,470,380
Bad Debt - 19,933,200
Employee Bonus in SoPL 19,160,064 18,889,842
NFRS Adjustment (Subsidiary-Sanjen) (3,376,635) (544,197)
Equity Transaction non-cash 48,210,245 (42,45,769)
Interest Capitalization 1,782,930,799 703,603,439
Movements in Working Capital
Decrease/(Increase) in Inventory 11,694,123 298,662
(Increase)/Decrease in Prepayments 1,130,764 (349,118)
(Increase)/Decrease in Advances, Deposits and Other Receivables 535,663,265 154,283,344
(Increase)/Decrease in Trade Receivables (13,559,304) (3,859,452)
(Increase)/Decrease in Term Investments (1,590,905,040) 19,860,920
Increase/(Decrease) in Provisions (20,744,152) (89,868,365)
Increase/(Decrease) in Current liabilities 138,999,048 177,451,626
Employee Bonus Paid (18,889,842) (19,263,846)
Gratuity and Leave paid - (481,020)
Income Taxes Paid (7,300,000) (4,000,000)
Total Adjustments 827,092,118 1,003,279,199
Net Cash flow from Operating Activities (A) 1,740,232,630 1,848,672,337
Cash Flow from Investing Activities
Acquisition of Property, Plant and Equipment (44,719,124) (24,082,982)
Proceeds from sale of asset - 1,805,000
Decrease/ (Increase) in Construction Assets - Subsidiaries (138,086,545) 8,928,910
Decrease/ (Increase) in Capital Work in Progress (4,694,292,319) (4,204,092,058)
Income from Investment and Bank Deposit 141,503,724 61,555,153
Net Cash Flow from Investing Activities (B) (4,735,594,264) (4,155,885,977)
Cash Flow from Financing Activities
Increase/ (Decrease) in Non Controlling Interest 2,536,335,456 150,270,963
Increase/ (Decrease) in Long Term Borrowings 1,069,596,561 2,320,689,729
Dividend Paid (344,792,448) (313,447,680)
Net Cash Flow from Financing Activities ( C ) 3,261,139,569 2,157,513,012
Net Increase in Cash (A+B+C) 265,777,934 (149,700,628)
Cash at Beginning of the Year 781,819,587 931,520,215
Cash at the End of the Year 1,047,597,521 781,819,587
Board of Directors As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman ___________________
Pratap P. Pradhan
________________ ___________________ __________________ ______________________ Principal
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina PP Pradhan & Co.
Member Member Member Member Chartered Accountants

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu
30
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Consolidated Statement of Changes in Equity

For the year ended 32 Ashadh 2075 (16 July 2018)
NRs.
NON
RETAINED
PARTICULARS SHARE CAPITAL TOTAL CONTROLLING TOTAL EQUITY
EARNING
INTEREST (NCI)
Opening Balance as on 1 Shrawan
3,447,924,480 4,671,013,672 8,118,938,152 2,344,630,858 10,463,569,010
2074 (16 July 2017)
Opening NFRS Adjustment (Sanjen) - (2,288,733) (2,288,733) (2,072,405) (4,361,138)
Opening Balance (Restated) 3,447,924,480 4,668,724,939 8,116,649,419 2,342,558,453 10,459,207,872
Equity Shares paid up during the year - - - 2,587,603,181 2,587,603,181
Equity Transaction(difference in
retained earning brought forward - 48,210,245 48,210,245 (48,210,245) -
revalued at current year NCI%)
Bonus Share for FY 2073/74 capitalized
517,188,672 (517,188,672) - - -
in FY 2074/75
Dividend for FY 2073/74 paid in FY
- (344,792,448) (344,792,448) (344,792,448)
2074/75
Net Profit After Tax - 895,661,653 895,661,653 (13,574,809) 882,086,844
Other Comprehensive Income - 5,298,181 5,298,181 - 5,298,181
NFRS Adjustment of Subsidiary - (1,087,902) (1,087,902) (985,075) (2,072,978)
Closing Balance as on 32 Asadh 2075
3,965,113,152 4,754,825,995 8,719,939,147 4,867,391,504 13,587,330,652
(16 July 2018)

Consolidated Statement of Changes in Equity

For the year ended 31 Ashadh 2074 (15 July 2017) Restated
NRs.
NON
RETAINED
PARTICULARS SHARE CAPITAL TOTAL CONTROLLING TOTAL EQUITY
EARNING
INTEREST (NCI)
Opening Balance as on 1 Shrawan
3,134,476,800 4,436,732,958 7,571,209,758 2,221,195,939 9,792,405,696
2073 (16 July 2016)
Opening NFRS Adjustment (Sanjen) (11,962,368) (11,962,368) (3,537,599) (15,499,967)
Opening Balance (Restated) 3,134,476,800 4,424,770,589 7,559,247,389 2,217,658,340 9,776,905,729
Equity Shares paid up during the year - - - 146,186,128 146,186,128
Equity Transaction (difference in
retained earning brought forward - (4,245,769) (4,245,769) 4,245,769 -
revalued at current year NCI %)
Bonus Share for FY 2072/73 capitalized
313,447,680 (313,447,680) - - -
in FY 2073/74
Dividend for FY 2072/73 paid in FY
- (313,447,680) (313,447,680) - (313,447,680)
2073/74
Net Profit After Tax - 862,869,018 862,869,018 (26,836,044) 836,032,974
Other Comprehensive Income - 3,097,024 3,097,024 - 3,097,024
NFRS Adjustment (Subsidiary-Sanjen) - 11,418,170 11,418,170 3,376,665 14,794,835
Closing Balance as on 31 Asadh 2074
3,447,924,480 4,671,013,672 8,118,938,152 2,344,630,857 10,463,569,010
(15 July 2017)

31
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Consolidated Statement of Changes in Equity

For the year ended 31 Ashadh 2073 (15 July 2016) Restated
NRs.
NON
RETAINED
PARTICULARS SHARE CAPITAL TOTAL CONTROLLING TOTAL EQUITY
EARNING
INTEREST (NCI)
Opening Balance as on 1 Shrawan
2,725,632,000 4,901,563,422 7,627,195,422 1,815,740,423 9,442,935,845
2072 (17 July 2015)
Accumulated Assessment Tax - 505,184,366) (505,184,366) - (505,184,366)
Opening Balance (Restated) 2,725,632,000 4,396,379,056 7,122,011,056 1,815,740,423 8,937,751,479
Equity Shares paid up during the year - - - 479,169,368 479,169,368
Bonus Share for FY 2071/72 capitalized
408,844,800 (408,844,800) - - -
in FY 2072/73
Dividend for FY 2071/72 paid in FY
- (327,075,840) (327,075,840) - (327,075,840)
2072/73
Net Profit After Tax - 935,529,594 935,529,594 - 935,529,594
Reserve and Surplus of Subsidiaries - 159,255,052) (159,255,052) (73,713,853) (232,968,905)
Closing Balance as on 31 Asadh 2073
3,134,476,800 4,436,732,958 7,571,209,758 2,221,195,938 9,792,405,696
(15 July 2016)

As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman

___________________
________________ ___________________ __________________ ______________________ Pratap P. Pradhan
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina Principal
PP Pradhan & Co.
Member Member Member Member
Chartered Accountants

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

32

Explanatory Notes FY2016-17 (2073/074)
A. General Information of the Company
Chilime Jalavidhyut Company Limited (CJCL or the
Company) was incorporated in 1995 with the objective of
hydroelectricity generation through optimal utilization of
resources available within the country. CJCL is registered
with the Office of the Company Register as a Public Limited
Company.
CJCL owns and operates a power plant with 22.1 MW installed
capacity which was commissioned on August 25, 2003 and
is located in Rasuwa District, 133 km north of Capital City
Kathmandu. It sells bulk electricity to NEA at rates agreed
Public Share
49%
General Public
14%
Project- affected local people
10%
Employees of NEA and Chillime
25%
With the objectives of further development of hydropower,
CJCL has invested in other hydroelectricity projects through
three hydropower companies and one engineering
consulting company. The accompanying consolidated
Financial Statements includes these invested companies as
the Company has effective control over them. (Details of the
investments is discussed in Note 2)
B. Statement of Compliance
The financial statements have been prepared in accordance
with Nepal Financial Reporting Standards (NFRS) to the
extent applicable and as published by the Accounting
Standards Board (ASB) – Nepal and is approved by the 351th
Board of Directors on its meeting held on 12 December
2018 (26 Mangsir 2075) and have been recommended
for approval by shareholders in the 22nd Annual General
Meeting.
33
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)
upon in the Power Purchase Agreement (PPA). The annual
energy generation from the plant is approximately 150 GWh.
Nepal Electricity Authority (NEA) holds majority ownership
with 51% shareholding. Remaining 49% shareholding is
from general public including 10% equity ownership of
project affected local people. The shares of the Company
is listed and traded on the Nepal Stock Exchange Limited
(NEPSE).
The detailed structure of Equity of CJCL is as below:
Promoter Share
51%
Nepal Electricity Authority
51%
C. Basis of Preparation and Reporting
Pronouncements
The Company has, for the preparation and presentation
of financial statements, opted to adopt Nepal Financial
Reporting Standards (NFRSs) from the erstwhile Nepal
Accounting Standards (NASs) both pronounced by
Accounting Standards Board (ASB) Nepal. NFRS was
pronounced by ASB Nepal as effective on 13 September
2013. The regulatory requirement for the Company to
adopt NFRS was from the financial year 2073/74 (2016-17),
however the Company opted for early adoption of NFRS as
the basis of financial statement and prepared its first NFRS
compliant financial statements in FY 2072/73.
NFRS conform, in material respect, to International Financial
Reporting Standards (IFRS) as issued by the International
Accounting Standards Board (IASB).
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)
NFRS 9 – Financial Instruments has been issued but is
not effective until further notice. For the reporting of
financial instruments, NAS 32 Financial Instruments,
Presentation, NAS 39 Financial Instruments Recognition
and Measurements and NFRS 7 Financial Instruments –
Disclosures have been applied. A significant impact on
classification and measurement including impairment of
financial instruments, may arise as a result of application of
NFRS 9.
A number of new standards and amendments to the
existing standards and interpretations have been issued
by IASB after the pronouncements of NFRS with varying
effective dates. Those only become applicable when ASB
Nepal incorporates them within NFRS.
D. Consolidation of Financial Statements
Financial Statements of the parent Company, Chilime
Jalavidhyut Company Limited (CJCL), and its subsidiaries
Sanjen Jalavidhyut Co. Ltd (SJCL), Madhya Bhotekoshi
Jalavidhyut Co. Ltd (MBJCL), Rasuwagadhi Hydropower Co.
Ltd (RGHPCL) and Chilime Engineering and Services Co.
Ltd.(CheSCO) have been consolidated in accordance with
NFRS 3 and NFRS 10. The consolidated Financial Statements
have been prepared on the following basis:
a) The Financial Statements of the parent and its subsidiary
have been combined on a line-by-line basis by adding
together the carrying values of like items of assets,
liabilities, revenues and expenses after eliminating
material intra-group balances / transactions and
resulting profits in full, unrealized profit / losses resulting
from intra-group transactions has also been eliminated
except to the extent that recoverable value of related
assets is lower than their cost to the Group.
b) The consolidated Financial Statements have been
prepared using uniform accounting policies. Differences
in accounting policies, if any, has been disclosed
separately.
c) Non-Controlling Interest’s share in net assets of ‘the
Group’ is identified and presented in the consolidated
statement of financial position separate from liabilities
and the equity of the Company’s shareholders as
Non-Controlling Interest (NCI). (also refer Note 7.1)
d) The extent of the group’s control on the subsidiaries is
reflected by the shareholding in the subsidiaries. The
details of which is discussed in Note 2
34
e) The Financial Statements of the subsidiary used for
consolidation are drawn for the same reporting period
as that of the Parent Company i.e. year ended 32 Ashadh
2075 (16 July 2018). Due to first time adoption of NFRS
by two subsidiaries SJCL and MBJCL, previous year
information has been restated where applicable.
f ) The parent has acquired the shares in the subsidiaries in
the form of promoter shares at par value.
E. Financial Period
The Company prepares Financial Statements in accordance
with the Nepalese Financial Year (FY) using Nepalese
Calendar. The corresponding dates for Gregorian Calendar
are as follows:
NEPALESE GREGORIAN
PARTICULARS CALENDAR CALENDAR
DATE / PERIOD DATE / PERIOD
Comparative 1 Shrawan 2073– 16 July 2016 –
Reporting Period 31 Asadh 2074 15 July 2017
Primary Reporting 1 Shrawan 2074– 16 July 2017 –
Period 32 Asadh 2075 16 July 2018
F. Accounting Convention
The Financial Statements have been prepared on historical
cost conventions except for certain financial elements
that have been measured at fair value, wherever standard
requires or allows such measurement. The fair values,
wherever used, are discussed in relevant notes.
The financial statements are prepared on accrual basis.
The financial statements have been prepared on a going
concern basis. The Company has a reasonable expectation
that it has adequate resources to continue in operational
existence for the foreseeable future.
G. Presentations
PRESENTATION CURRENCY
The Company and its associates/subsidiaries operate
within the jurisdiction of Nepal. Nepalese Rupees (NRs.) is
the presentation and functional currency of the Company.
Accordingly, the Financial Statements are prepared and
presented in Nepalese Rupees and rounded off to the
nearest Rupee (rounding errors have been ignored).
REARRANGEMENT AND RECLASSIFICATION
The figures for previous year are rearranged, reclassified
and/or restated wherever necessary for the purpose of
facilitating comparison. Appropriate disclosures are made
wherever necessary.

STATEMENT OF FINANCIAL POSITION
The elements of Statement of Financial Position (SoFP)
other than equity is presented in order of their liquidity
by considering current and non-current nature which are
further detailed in relevant sections.
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHEN-
SIVE INCOME
The elements of Statement of Profit or Loss (SoPL) and Other
Comprehensive Income (OCI) have been prepared using
classification ‘by function’ method. The details of revenue,
expenses, gains and/ or losses have been disclosed in the
relevant section of this notes.
Earnings per share (EPS) has been disclosed in the face of
‘SoPL and OCI’ in accordance with NAS 33.
STATEMENT OF CASH FLOWS
The Statement of Cash Flows (SCF) has been prepared using
indirect method and the activities have been grouped under
three major categories (Cash flows from operating activities,
Cash flows from investing activities and Cash flows from
financing activities) in accordance with NAS 07.
STATEMENTS OF CHANGES IN EQUITY
The Statement of Changes in Equity (SCE) has been prepared
disclosing changes in each elements of equity.
H. Accounting Policies and Accounting
Estimates
ACCOUNTING POLICES
The Company, under NFRS, is required to apply accounting
35
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)
policies to most appropriately suit its circumstances and
operating environment. The preparation of Financial
Statements in conformity with NFRS requires management
to make judgments, estimates and assumptions in respect
of the application of accounting policies and the reported
amounts of assets, liabilities, income and expenses.
Specific accounting policies have been included in the
relevant notes for each item of the Financial Statements. The
effect and nature of changes, if any, have been disclosed.
ACCOUNTING ESTIMATES
The preparation of Financial Statements in line with NFRS
requires management to make estimates and assumptions
that affect the reported amounts of assets, liabilities and
disclosure of contingent assets and liabilities at the date of
Financial Statements and the reported amounts of revenue
and expenses during the reporting period.
Management has applied estimation in preparing and
presenting the Financial Statements. The estimates and
the underlying assumptions are reviewed on an on-going
basis. Revision to accounting estimates are recognized in
the period in which the estimates are revised, if the revisions
affect only that period; they are recognized in the period of
revision and the future periods if the revisions affect both
current and future periods.
Specific accounting estimates have been included in the
relevant section of the notes wherever the estimates have
been applied along with the nature and effect of changes of
accounting estimates, if any.
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)
I. Elements of Financial Statement
1.  Property, Plant and Equipment (PPE)
Property, Plant and Equipment (PPE) are those tangible assets
used for generation and supply of energy, for administrative
purpose or for rentals to others. These are recognized as
PPEs, if and only if it is probable that future (i.e. for more than
one accounting period) economic benefits associated with
the items will flow to the Company; and the cost of the item
can be measured reliably.
PPEs are stated in the SFP at their cost less accumulated
depreciation and accumulated impairment losses, if
applicable.
Cost
The initial cost of PPEs includes purchase price and directly
attributable cost of bringing the asset to the location and
conditions necessary for it to be capable of operating in
the manner intended by management. Subsequent costs
that do not qualify the recognition criteria under NAS 16 are
expensed as and when incurred.
NAS 16 and IFRIC 1 require cost of PPE to include the estimated
cost for dismantling and removal of the assets, and restoring
the site on which they are located. Management perceives
that such costs are difficult to estimate and considering the
past practice the amount of such costs will not be material to
affect the economic decision of the user as a result of such
non-inclusion. Therefore asset retirement obligation has not
been recognized.
Depreciation
The management has estimated that depreciable amount of
the assets is equivalent to the initial cost and thus the cost
is systematically allocated based on the expected useful
life of an asset. Items of property, plant and equipment are
depreciated in full in the year of acquisition.
If an item of PPE consists of several significant components
with different estimated useful lives and if the cost of each
36
component can be measured reliably, those components are
depreciated separately over their individual useful lives.
The residual values, useful lives and the depreciation
methods of assets are reviewed at least annually, and if
expectations differ from previous estimates, changes are
made in the estimates and are accounted for as a change in
accounting estimates in accordance with NAS 8.
Management has considered that the land used for the
Hydropower Plant will have a definite useful life of 50 years
(under Built Own Operate and Transfer (BOOT) arrangement,
discussed separately under note 1.1.2) and accordingly
the cost of the land has been systematically allocated as
amortization/depreciation.
Whereas, if the management considers the assets have an
indefinite useful life (like land except those land properties
under BOOT arrangement), no amortization / depreciation is
charged.
De-recognition
Assets that have been decommissioned or identified as
damaged beyond economic repair or rendered useless due
to obsolescence, are derecognized whenever identified. On
disposal of an item of PPE or when no economic benefits
are expected from its use or disposal, the carrying amount
of an item is derecognized. The gain or loss arising from the
disposal of an item of PPE is the difference between net
disposal proceeds, if any, and the carrying amount of that
item and is recognized in the SoPL.
1.1 CLASSIFICATION, USEFUL LIVES AND DEPRECIATION
METHOD
1.1.1 Estimation of Useful Lives and Depreciation
Method used
Depreciation methods have been selected considering the
pattern of inflow of economic benefits to the organization
and thereby some class of assets are depreciated using
straight line method (SLM) and some are depreciated using
diminishing balance method (DBM). The details of estimated
useful lives and depreciation method applied are as below:
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

USEFUL LIFE DEPRECIATION

ASSET Z CLASS - SUB CLASS DEPRECATION RATE
(IN YEARS) METHOD APPLIED
Land – Plant 2 50 SLM
Land - Not related to plat - - None
Building – Powerhouse 2 50 SLM
Building - Office Building (Kathmandu) 14.29 7 SLM
Building - Other Buildings 4 25 SLM
Civil Structure - Plant Civil Structures 2 50 SLM
Civil Structure - Civil Partition and Other Civil Works 25 4 SLM
Distribution Line 4 25 SLM
Hydromechanical Works 2 50 SLM
Electromechanical Works Refer to Note 1.1.2 SLM
Tools and Equipment 15 6.67 DBM
Office Equipment 25 4 DBM
Furniture and Fixtures 25 4 DBM
Vehicles 20 5 DBM
Other Assets 15 6.67 DBM

* DBM = Diminishing Balance Method

* SLM = Straight Line Method

1.1.2 Useful life of Electromechanical Works

Depreciation methods have been selected considering the straight line method (SLM) and some are depreciated using
pattern of inflow of economic benefits to the organization diminishing balance method (DBM). The details of estimated
and thereby some class of assets are depreciated using useful lives and depreciation method applied are as below:

SN COMPONENTS DEPRECATION RATE USEFUL LIFE (IN YEARS)

2.00% 50
1 Turbine 2.50% 40
3.33% 30
2 Generator 3.33% 30
3 Power Transformers 3.33% 30
4 Station/ Other Transformers 3.33% 30
5 66KV Switchgear Equipment 2.00% 50
3.33% 30
6 Relay and Control switchboards
5.00% 20
7 Instrument Transformers 3.33% 30
8 12 KV Switchgear 2.50% 40
9 Low Voltage Distribution Panel 2.00% 50
10 Lightning Arrestor 2.86% 35
11 Storage Battery and Battery Charger 6.67% 15
12 Grounding Material 2.00% 50

37
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

SN COMPONENTS DEPRECATION RATE USEFUL LIFE (IN YEARS)

2.00% 50
2.50% 40
2.86% 35
13 Ancillary Equipment 3.33% 30
4.00% 25
5.00% 20
6.67% 15
2.00% 50
14 Cables 2.86% 35
3.33% 30
2.50% 40
15 Miscellaneous Materials
6.67% 15
16 Steel Structures 2.00% 50
5.00% 20
17 Communication Equipment
6.67% 15

Other notes on PPE

NRs.
1.1.3 LAND
AREA (ROPANI-
Land properties with ownership documents (i.e. in LOCATION COST
ANA-PAISA-DAM)
occupation and with valid documentation) have been Syafrubesi and Goljung
556-2-0-3 9,257,081
considered to meet the asset recognition criteria and have Rasuwa
been recognized as asset under appropriate heading.
1.1.4 BUILDINGS AND CIVIL STRUCTURE
Land under BOOT Arrangement All civil infrastructures have been classified on the basis of
CJCL obtained the license for generation of 22.1 MW their built type (such as Reinforced Cement Concrete pillar
Hydropower Plant from the then Ministry of Water Resource structure, load bearing, stone masonry, shed and other
(Current: Ministry of Energy) for a period of 50 years (i.e. from structures etc.).
26 Shrawan 2054, 10 Aug 1997 to Asadh end 2104, Mid July
2047), therefore the useful life of plant assets (which need 1.1.5 CAPITAL WORK IN PROGRESS
to be handed over at the end of the BOOT period) cannot Costs related to assets in the course of acquisition and
exceed 50 years even if the economic life of the assets is construction are recognized as Capital Work in Progress
more, as the entire generation unit needs to be transferred (CWIP) and are carried at cost, less accumulated impairment
to the Government of Nepal at the end of this license term. losses, if any. The detail of CWIP is as follows:
Therefore, CJCL depreciates its land assets at the generation
unit using a depreciation rate of 2%.
NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
Restated Restated
Relating to CJCL 61,236,954 5,593,702 -
Relating to Subsidiaries:
Sanjen Jalavidhyut Co. Ltd. 4,366,488,548 3,067,731,781 2,088,704,587
Madhya Bhotekoshi Jalavidhyut Co. Ltd. 4,609,321,517 2,954,105,901 1,142,433,286
Rasuwagadhi Hydropower Co. Ltd. 5,149,823,885 3,465,147,201 2,057,348,654
Total 14,186,870,904 9,492,578,585 5,288,486,527

38

Depreciation on this asset commences when the asset is
ready for its intended use. This item is shown at cost and
disclosed as CWIP under PPE. The CWIP includes the license
fee paid to Department of Electricity Development (DOED).
Three subsidiaries are in the process of developing their four
hydroelectric projects. All the costs directly related to the
development of the projects are charged to the CWIP and
carried until the assets are ready to be used to be recognized
under PPE. Construction and other assets recognized under
PPE of the Subsidiaries/Associates are subject to annual
depreciation charges and such charges are subsequently
39
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)
transferred to CWIP as they directly and indirectly contribute
toward creation of those assets.
1.1.6 RESTRICTION ON PPE
CJCL will have to transfer the entire generation unit to
Government of Nepal under BOOT arrangement after the
end of 50 years of operation. Please refer to Note 1.1.3 for
more details.
Similar restrictions are also applicable to the assets of the
subsidiaries at the expiration of generation license of a
period of 35 year applicable to subsidiaries except Chilime
Engineering and Services Company Ltd.
 Explanatory Notes
1.2 DETAILS OF PROPERTY, PLANT AND EQUIPMENT OF FY: 2074/75 (2017-18)
NRs
COST DEPRECIATION NET BOOK VALUE (NBV)
CHARGE ACCUMULATED
PARTICULARS ADDITIONS USEFUL FOR THE FOR THE
FOR THE DEPRECIATION
OPENING DURING CLOSING LIFE IN OPENING YEAR ON YEAR ON CLOSING OPENING DISPOSAL CLOSING
Company Limited
Chilime Jalavidhyut

YEAR ON
THE YEAR YEARS B/F ADDITION
TOTAL DISPOSAL
Land
Land – Plant 9,257,081 - 9,257,081 50 2,591,983 185,142 - 185,142 - 2,777,124 6,665,098 - 6,479,957
Land – Not
183,373,609 - 183,373,609 - - - - - - - 183,373,609 - 183,373,609
related to plant
Annual Report

 
Building
FY 2074/075 (2017/2018)

Office Building
9,981,722 - 9,981,722 7 7,129,801 1,425,960 - 1,425,960 - 8,555,762 2,851,921 - 1,425,960
(Kathmandu)
Powerhouse 175,639,691 - 175,639,691 50 55,725,264 3,512,794 - 3,512,794 - 59,238,058 119,914,427 - 116,401,633
Building - Others - - - - - - - - - - - - -
Office Building -
3,895,369 - 3,895,369 25 2,170,774 155,815 - 155,815 - 2,326,588 1,724,595 - 1,568,781
Project
Residential
12,311,087 - 12,311,087 25 4,855,372 492,443 - 492,443 - 5,347,815 7,455,715 - 6,963,272
Building 1

40
Residential
10,033,631 - 10,033,631 25 5,188,570 401,345 - 401,345 - 5,589,915 4,845,062 - 4,443,717
Building 2
Residential
11,972,821 - 11,972,821 25 6,417,638 478,913 - 478,913 - 6,896,551 5,555,183 - 5,076,271
Building 3
Clinic Building 513,798 - 513,798 25 286,324 20,552 - 20,552 - 306,876 227,474 - 206,922
Lab Building 493,425 - 493,425 25 274,971 19,737 - 19,737 - 294,708 218,454 - 198,717
Store Building 1,682,286 - 1,682,286 25 937,488 67,291 - 67,291 - 1,004,779 744,798 - 677,506
Guard House 1,106,832 - 1,106,832 25 616,805 44,273 - 44,273 - 661,078 490,027 - 445,754
 
Civil Structures-
Project
Headrace Tunnel 1,068,168,971 - 1,068,168,971 50 299,087,312 21,363,379 - 21,363,379 - 320,450,691 769,081,659 - 747,718,280
Headwork 245,085,627 - 245,085,627 50 77,758,400 4,901,713 - 4,901,713 - 82,660,112 167,327,227 - 162,425,515
Power Canal 79,923,664 - 79,923,664 50 25,357,408 1,598,473 - 1,598,473 - 26,955,881 54,566,256 - 52,967,783
Reservoir 62,223,180 - 62,223,180 50 19,741,569 1,244,464 - 1,244,464 - 20,986,033 42,481,611 - 41,237,147
Siphon Structure 13,586,355 - 13,586,355 50 4,310,547 271,727 - 271,727 - 4,582,275 9,275,808 - 9,004,080
Civil works- others - - - - - - - - - - - - -
Other Civil Works 15,294,653 - 15,294,653 25 8,523,257 611,786 - 611,786 - 9,135,043 6,771,397 - 6,159,611
Civil Partition 2,013,383 - 2,013,383 4 2,013,383 503,346 - - - 2,013,383 - - -
Distribution Line
 NRs.
COST DEPRECIATION NET BOOK VALUE (NBV)
CHARGE ACCUMULATED
PARTICULARS ADDITIONS USEFUL FOR THE FOR THE
FOR THE DEPRECIATION
OPENING DURING CLOSING LIFE IN OPENING YEAR ON YEAR ON CLOSING OPENING DISPOSAL CLOSING
YEAR ON
THE YEAR YEARS B/F ADDITION
TOTAL DISPOSAL
Distribution Line 12,718,433 - 12,718,433 25 7,087,605 508,737 - 508,737 - 7,596,343 5,630,827 - 5,122,090
Hydro Mechanical
Works
Hydro Mechanical
34,309,978 8,190,916 42,500,895 50 10,731,360 686,200 163,818 850,018 - 11,581,378 23,578,619 - 30,919,517
Works
Electro Mechanical
Works
Electro Refer to
807,466,804 226,000 807,692,804 325,256,331 23,863,018 7,533 23,870,551 - 349,126,882 482,210,473 - 458,565,922
Mechanical Works Note 1.1.2
Tools
Tools and
30,724,848 329,698 31,054,545 7 19,529,129 1,679,358 22,539 1,701,896 - 21,231,026 11,195,718 - 9,823,520
Equipment
Accounting
- 597,770 597,770 5 - - 119,554 119,554 - 119,554 - - 478,216
Software
Office Equipment

41
and Furniture
Office Equipment 9,702,428 548,334 10,250,762 4 6,316,998 846,357 40,493 886,850 - 7,203,848 3,385,430 - 3,046,914
Furniture and
5,248,921 545,010 5,793,932 4 3,502,277 436,662 56,597 493,259 - 3,995,536 1,746,645 - 1,798,396
Fixture
Vehicles
Vehicles 44,544,573 16,490,085 61,034,658 5 31,788,561 2,551,202 1,401,281 3,952,483 - 35,741,044 12,756,011 - 25,293,614
Other Assets
Other Assets 8,447,996 294,780 8,742,776 7 5,568,113 442,006 29,210 471,216 - 6,039,329 2,879,884 - 2,703,447
Total Assets 2,859,721,167 27,222,594 2,886,943,761 932,767,239 68,312,693 1,841,026 69,650,373 - 1,002,417,613 1,926,953,928 - 1,884,526,148
Chilime
Engineering & 1,085,465 12,215,969 13,301,434 - 10,466 - - 1,370,231 - - 1,074,999 11,920,738
Services Co. Ltd
Company Limited
Chilime Jalavidhyut

Total Assets 2,860,806,632 39,438,563 2,900,245,195 932,777,705 68,312,693 1,841,026 71,020,604 - 1,002,417,613 1,928,028,927 - 1,896,446,886
Depreciation
of subsidiaries - - - - - - - 5,280,561 - - - - -
(1.2.1)
Total 2,860,806,632 39,438,563 2,900,245,195 932,777,705 68,312,693 1,841,026 76,301,165 - 1,002,417,613 1,928,028,927 - 1,896,446,886
Annual Report
FY 2074/075 (2017/2018)
 1.2.1 CONSTRUCTION ASSETS – SUBSIDIARY NRs.
a. Depreciation Schedule of SJCL & MBJCL
COST NET BOOK VALUE (NBV)
CHARGE ACCUMULATED
PARTICULARS ADDITIONS DISPOSALS 01.04.2073
FOR THE DEPRECIATION 31.03.2074 32.07.2075
Company Limited
Chilime Jalavidhyut

OPENING DURING DURING THE CLOSING OPENING CLOSING (16.07.2016)

YEAR ON (15.07.2017) (16.07.2018)
THE YEAR YEAR Restated
TOTAL DISPOSAL
Sanjen
Jalavidhyut Co. 13,068,169 1,302,081 - 14,370,250 8,378,068 1,566,693 - 9,944,761 5,022,315 4,690,101 4,425,489
Ltd.
Annual Report

Madhya
Bhotekoshi
485,762,222 84,930,755 155,900 570,537,077 61,619,008 7,171,496 101,316 68,689,188 415,566,450 424,143,214 501,848,188
Jalavidhyut Co.
FY 2074/075 (2017/2018)

Ltd.
Total 498,830,391 86,232,836 155,900 584,907,327 69,997,076 8,738,189 101,316 78,633,949 420,588,765 428,833,315 506,273,677
Depreciation
Charged in 5,829,255
CWIP of MBJCL
Depreciation
Charged in
2,908,934

42
SoPL for SJCL
and MBJCL (a)

b. Depreciation Schedule of RGHPCL

COST NET BOOK VALUE (NBV)
CHARGE ACCUMULATED
PARTICULARS ADDITIONS DISPOSALS
OPENING FOR THE DEPRECIATION 31.03.2073 31.03.2074 32.07.2075
DURING DURING THE CLOSING OPENING CLOSING
NBV YEAR ON (15.07.2016) (15.07.2017) (16.07.2018)
THE YEAR YEAR
TOTAL DISPOSAL
Rasuwagadhi
Hydropower Co. 125,071,350 80,207,098 - 205,278,448 82,303,734 19,560,914 - 101,864,648 142,244,811 125,071,351 185,717,534
Ltd.
Less:
Depreciation 17,189,287
Charged in CWIP
Depreciation
Charged to 2,371,627
SoPL (b)
Total (A+B) 5,280,561 562,833,576 553,904,666 691,991,211
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

1.3 IMPAIRMENT OF PPE 2. Investment in Subsidiaries and Associates

1.3.1 Application of Impairment Tests The Company has made investments in equity shares of
Impairment of an item of PPE is identified by comparing the following companies. As the Company’s extent of investment
carrying amount with its recoverable amount. If individual in the invested companies allows it to have effective control
asset do not generate future cash flows independently of over the governance and functions. The investment is treated
other assets, recoverability is assessed on the basis of cash as investment in subsidiaries under NAS 28. The invested
generating unit (CGU) to which the asset can be allocated. companies are consolidated and reported as Subsidiaries
under NFRS 3 and NFRS 10.
At each reporting date the Company assesses whether there
is any indication that an asset may have been impaired. If The Company recognizes investment in subsidiaries of at
such indication exists, the recoverable amount is determined. cost on initial recognition, where cost is assumed to be the
The recoverable amount of a CGU is determined at the higher fair value of investments.
of fair value less cost to sell on disposal and value-in-use. Chilime Engineering and Services Co. Ltd. commenced
Generally recoverable amount is determined by means of operation in the FY 2073/74. The other three companies are
discounted cash flows unless it can be determined on the in the process of constructing their respective hydropower
basis of a market price. Cash flow calculations are supported projects and are yet to begin electricity generation.
by past trend and external sources of information and
discount rate is used to reflect the risk specific to the asset Accounting policies and practices of the subsidiaries are
or CGU. aligned with the Company including the reporting period
which is coterminous. Chilime Engineering and Services Co.
1.3.2 Impairment Indication Ltd. commenced operation in the FY 2073/74 (2016.2017).
There were no indications of impairment during the year. The other three companies are in the process of constructing
their respective hydroelectric projects and are yet to begin
electricity generation.
NRs.
CAPACITY 32.03.2075 31.03.2074
SUBSIDIARY PARTICULARS
IN MWH (16.07.2018) (15.07.2017)
Sanjen Jalavidhyut Co. Ltd Total Committed 1,436,644,900 1,436,644,900
(52.48% equity holding, 67% 57.30 Amount invested at Cost 1,436,644,900 1,436,644,900
voting right) Carrying Amount 1,436,644,900 1,436,644,900
Madhya Bhotekoshi Total Committed 2,220,000,000 2,280,000,000
Jalavidhyut Co. Ltd (72.55% Amount invested at Cost 2,220,000,000 2,100,000,000
102.00
equity holding, effective control
57% voting right Carrying Amount 2,220,000,000 2,100,000,000

Rasuwagadhi Hydropower Total Committed 2,243,731,000 2,258,025,000

Co. Ltd (43.72% equity holding, 111.00 Amount invested at Cost 2,243,731,000 2,192,500,000
60% voting right) Carrying Amount 2,243,731,000 2,192,500,000
Chilime Engineering & Total Committed 60,000,000 60,000,000
Services Co. Ltd. (100% owned N/A Amount invested at Cost 24,126,583 16,121,188
subsidiary) Carrying Amount 24,126,583 16,121,188
Total Carrying Amount 5,924,502,483 5,745,266,088
Consolidation Adjustment (5,924,502,483) (5,745,266,088)
Net Carrying Amount - -

43
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

The extent of control over the subsidiaries will change over Management determines that these stores and spare parts
the coming years. Considering the committed percentage are of consumable nature and are held for consumption in
of shareholding, the share ownership of CJCL will eventually the production (generation) of electrical energy. These are
be restricted. The percentage of shareholding of CJCL in the either expected to be used within one year or the economic
subsidiaries and the eventual dilution of control is as follows. values will be obtained when consumed. Therefore, these
NRs.
store, spare parts and loose tools have been considered as
31.03.2074 01.04.2073
inventory and presented accordingly.
32.03.2075 Committed
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018) %
Restated Restated
4. Prepayments
Sanjen Jalviduit
Co. Ltd.
52.48% 77.18% 77.11% 39.36 These are expenses paid for the period beyond the financial
Madhya Bhotekoshi period covered by the Financial Statements. These will be
72.55% 73.16% 70.80% 37.0
Jalviduit Co. Ltd.
charged as expenses in the respective period for which such
Rasuwagadhi
Hydropower Co. Ltd.
43.72% 63.77% 61.57% 33.0 expenses pertain to.
Chilime Engineering NRs.
100.00% 100.00% - 100.0
and Services Co. Ltd. 31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
In case of Rasuwagadhi, although equity ownership is (16.07.2018)
Restated Restated
43.72%, effective control as per voting right is 60% for the Chilime Jalavidhyut Co. Ltd. 1,830,547 2,231,333 2,391,800
FY 74/75.
Relating to Subsidiaries

3. Inventory Sanjen Jalavidhyut Co. Ltd. 14,290 298,346 271,848

Inventories are carried at the lower of cost and net realizable Madhya Bhotekoshi Jalavidhyut
215,912 188,252 152,762
value (NRV). Cost comprises of all costs of purchase, cost Co. Ltd.

of conversion and other costs incurred in bringing the Rasuwagadhi Hydropower

1,157,305 1,217,835 1,236,452
Co. Ltd.
inventories to their present location and condition.
Chilime Engineering and Services
53,162 466,214 0
Co. Ltd.
Cost is measured using First In First Out (FIFO) method.
Total 3,271,216 4,401,980 4,052,862
NRs.
31.03.2074 01.04.2073
PARTICULARS
32.03.2075
(16.07.2018)
(15.07.2017) (16.07.2016) 5. Financial Instruments
Restated Restated
The Company classifies financial assets and financial liabilities
Miscellaneous Store-Central
Office
14,888 29,268 32,822 in accordance with the categories specified in NAS 32 and
161,872,603 176,722,490 179,834,438
NAS 39.
Store, spare parts and loose tools

less: written off during year - (1,335,933) -

5.1 FINANCIAL INSTRUMENTS: FINANCIAL ASSETS
Relating to Subsidiaries: Financial asset is any asset that is:
Sanjen Jalavidhyut Co. Ltd. 1,379,308 536,215 619,637 (a) cash
Madhya Bhotekoshi Jalavidhyut
219,904 161,309 209,018 (b) an equity instrument of another entity;
Co. Ltd.
(c) a contractual right:
Rasuwagadhi Hydropower
Co. Ltd.
3,307,250 2,374,727 1,626,756 i) to receive cash or another financial asset from
Total 166,793,953 178,488,076 182,322,671 another entity; or
ii) to exchange financial assets or financial liabilities
with another entity under conditions that are
Store, Spare Parts and Loose Tools
potentially favourable to the entity; or
NAS 16, paragraph 8 and 9 specifically states that : (d) a contract that will or may be settled in the entity’s own
Spare parts and servicing equipment are usually carried equity instruments and is:
as inventory and recognized in SoPL when consumed. (i) a non-derivative for which the entity is or may be
obliged to receive a variable number of the entity’s
Major spare parts and stand-by equipment qualify as PPE
own equity instruments; or
when and entity expects to use them during more than
(ii) a derivative that will or may be settled other than
one period.
by the exchange of a fixed amount of cash or another
The standard does not prescribe the unit measure for financial asset for a fixed number of the entity’s own
recognition and judgment is to be applied in determining equity instruments.
what constitutes an item of PPE.

44
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Currently the Group holds the following categories of financial assets:

RELEVANT
RELEVANT
FAIR VALUE AMORTIZED COST
NOTES
DESIGNATED AT FVTPL AVAILABLE FOR SALE LOANS AND RECEIVABLES HELD TO MATURITY
Advances, Deposits and Other
5.1.1 - - -
Receivables
5.1.2 - - Trade Receivables -
5.1.3 - - - Investment in Term Deposits
5.1.4 - - Balances with Banks Balances with Banks
* FVTPL = Fair Value through SoPL.

Financial assets are classified under four categories as
required by NAS 39, namely,
Fair Value through SoPL,
Held to Maturity,
Loans and Receivables and
Available for Sale.
Financial Assets of the Company comprises of Advances,
Deposits and Other Receivables, Trade Receivables and Cash
and Bank Balances.
These instruments are interest bearing and non-interest
bearing. Where interest component is present, the implicit
interest rate approximates effective interest rate. It is
assumed that the carrying amount represents the amortized
cost of the assets.
Loans and Receivables
Loans and receivables are non-derivative financial assets
with fixed or determinable payments that are not quoted in
an active market and it is expected that substantially all of
the initial resource will be recovered, other than because of
credit deterioration.
Held to Maturity
Held-to-maturity investments are non-derivative financial
assets with fixed or determinable payments that an entity
intends and is able to hold to maturity and that do not meet
the definition of loans and receivables and are not designated
on initial recognition as assets at fair value through SoPL
or as Available for Sale. Held-to-maturity investments are
measured at amortized cost.
5.1.1 Advances, Deposits and Other Receivables
These comprise Advances, Deposit and Prepayments and
Other Receivables. Details are as given below:

NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
Restated Restated
Advances
Employee Loan/Advances 286,444 150,295 250,200
NEA Unit Current - 236,364 -
Chilime Sarokar Samiti - 2,500,000 -
Advance Tax (5.1.1.a) 17,758,535 14,169,647 22,446,817
Andritz Hydro 31,950 31,950 492,950
Other Advances 46,408 348,550 328,302
Nepal Hydro and Electric Limited - - 1,536,000
Relating to Subsidiaries - - -
Sanjen Jalavidhyut Co. Ltd. 559,384,908 725,492,127 711,188,576
Madhya Bhotekoshi Jalavidhyut Co. Ltd. 992,547,271 1,124,472,126 1,130,593,853
Rasuwagadhi Hydropower Co. Ltd. 1,079,798,370 1,271,866,144 1,483,332,422
Chilime Engineering and Services Co. Ltd. 1,046,755 865,616 -
Sub-Total 2,650,900,641 3,140,132,819 3,350,169,120

45
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
Restated Restated
Deposits
Deposit 316,000 - 341,036
DOED (Hydroelectric Project) - - 8,000,000
DOED (Budhigandaki Pork,Hydroelectric Project) - 10,000,000 -
DOED (Budhigandaki Syar,Hydroelectric Project) - 10,000,000 -
DOED (Dudkoshi-4,Hydroelectric Project) - 12,000,000 -
DOED (Dudkoshi-5,Hydroelectric Project) - 12,000,000 -
DOED (Setinadi Hydroelectric Project) - 20,000,000 -
Deposit with IRD and Revenue Tribunal (5.1.1.a) 21,717,410 30,553,347 30,553,347
DOED Budhigandaki “A” Hydroelectric Project (5.1.1.b) 20,000,000 - -
Rasuwa District Office 753,800 753,800 753,800
Other Deposits 8,750 8,750 8,750
Sub-Total 42,795,960 95,315,897 39,656,933
Other Receivables
Other - - 60,000
NEA Unit Current Account (Net) 277,259 - 223,359
Bank Interest Receivable 6,312,232 129,452 123,288
Chilime Engineering & Services Co. Ltd. - 371,188 -
Sub-Total 6,589,491 500,640 406,647
Grand Total 2,700,286,091 3,235,949,356 3,390,232,700

5.1.1. a Tax Deposits and Advance Tax

Against the amended assessment by Large Tax Payer’s Office 2060/61 and 2061/62. The previous calculation of these fiscal
(LTPO) and decisions of Inland Revenue Department (IRD) years has been revised and determined as NRs. 12,950,121
on Administrative Review, CJCL had filed for Administrative instead of NRs. 56,214,221. The remaining amount of NRs.
Review process to Inland Revenue Department and Revenue 21,717,409.60 has been transferred for next year. The details
Tribunal respectively. The Large Tax Payer Office has settled of amounts deposited by the Company for the reviews and
the pending issue of income tax related to Fiscal Year the balance transferred for next year are as follows:
NRs.
DEPOSIT MAINTAINED
FOR FINANCIAL
FOR ADMINISTRATIVE REVIEW AT REVENUE TRIBUNAL
YEAR TOTAL
AMOUNT DATE AMOUNT DATE
2060/61 18,575,629 2065.08.26 9,287,814 2065.12.20 27,863,443
2061/62 1,793,090 2066.04.18 896,814 2066.09.24 2,689,904
Total 20,368,719 10,184,628 30,553,347
Revised Tax Assessment (amount of assessed tax for 2060/61 and 2061/62) (12,950,121)
Advance tax (on bank Interest up to 2061/62) adjusted with revised tax assessment 4,114,184
Deposit balance transferred to next year 21,717,410

NRs.
DETAILS OF ADVANCE TAX AMOUNT NRS DATE FINANCIAL YEAR
25.09.2074; 8.12.2075;
Advance tax deposited based on estimate 7,300,000 2074-75 (2017-18)
21.03.2075
Up to 2074-75
Advance tax (on bank Interest) 10,458,535 Various
(2017-18)
Total Advance Tax 17,758,535

46
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

5.1.1. b Department of Electricity Development (DOED) 5.1.3 Investment in Term Deposits

Deposits The Company has following term deposits with various
CJCL had deposited an amount of NRs. 20,000,000 with the commercial banks in Nepal. These instruments have maturity
DOED for survey licenses for the study of one hydroelectric of one year and are interest bearing. The interest rate varies
project Budhigandaki ‘KA’ Hydroelectric Project with the from bank to bank depending on the market rates and the
proposed capacity of 130 MW. dates of the deposits.
The rates implicit on these deposits approximate the effective
During the year DEOD granted the survey licenses for the
interest rates and the same rates are used to calculate the
following projects:
interest (finance) income and for the purpose of calculating
DEPOSIT the amortized costs of these assets. The carrying value of
PROJECT CAPACITY AMOUNT these assets represent the amortized costs..
NRS.
Budhigandaki Prok Hydroelectric NRs.
420 MW 10,000,000 31.03.2074 01.04.2073
Project INTEREST 32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
RATE (%) (16.07.2018)
Budhigandaki Syar Khola Restated Restated
60 MW 16,000,000
Hydroelectric Project Citizens Bank
13.25% 100,000,000 100,000,000 100,000,000
International Ltd.
Seti Nadi-3 Hydroelectric Project 165 MW 20,000,000
Century Commercial
Total 46,000,000 Bank Ltd.
11.15% 50,000,000 - -

Century Commercial
11.0% 50,000,000 - -
The cost of licensing of three hydroelectric projects is shown Bank Ltd.

under capital work in progress. Everest Bank Ltd. 10.50% 80,000,000 - -

NMB Bank Ltd (USD

1.25% 10,774,120 10,139,080 40,000,000
Account)
Impairment of advances deposits and other receivables
are tested if any indication is known. There are no known Global Bank Ltd. 10.5% 50,000,000 - -

indicators of impairment. Himalayan Bank Ltd. 11.5% 100,000,000 - -

Himalayan Bank Ltd. 11.0% 50,000,000 - -

5.1.2 Trade Receivables Laxmi Bank Ltd 10.5% 20,000,000 20,000,000 20,000,000
Trade Receivables comprise of amounts owed to the
Muktinath Bank Ltd. 11.5% 100,000,000 - -
Company by its sole customer, NEA. These trade receivables
Nepal SBI Bank Ltd. 11.15% 100,000,000 200,000,000 100,000,000
do not carry any interest and are measured at the carrying
Janata Bank Ltd. - - 20,000,000
amount at which the item is initially recognized less any
impairment losses, i.e. stated at their nominal value as Prime Bank Ltd. 10.50% 50,000,000 50,000,000 120,000,000

reduced by appropriate allowances. Total 760,774,120 380,139,080 400,000,000

Sanjen Jalavidhyut
The Trade Receivable balance from NEA is as follows: Co. Ltd.
460,270,000 - -

NRs. Rasuagadhi
750,000,000 - -
Hydropower Co. Ltd.
31.03.2074 01.04.2073
31.03.2074
PARTICULARS (15.07.2017) (16.07.2016) Sub-total 1,210,270,000
(15.07.2017)
Restated Restated
Total 1,971,044,120 380,139,080 400,000,000
Opening Balance: 122,069,450 138,622,649 140,174,952

Sales for the Year 1,138,432,864 1,196,889,744 1163138080

These instruments are held with the intention for settlement
Total Receivable of this FY 1,260,502,314 1,335,512,393 1,303,313,032 of principal and interest only, with no other costs or
Collection in this Fiscal year (1,131,041,768) (1,193,509,743) (1,164,690,383) premium/discounts being involved, the intrinsic coupon rate
Less: Outage Written Off (FY
- (10,785,600) -
is taken as effective interest rate for all term deposits.
70/71 & FY 71/72)
Less: Excess Written Off
(Kartik 2071)
- (9,147,600) - The Company has intention and capacity to hold these
Chilime Engineering &
instruments until their respective maturity dates.
6,647,658 479,450 -
Services Co. Ltd.

Total 136,108,204 122,548,900 138,622,649 Impairment

All the above deposits are made with class ‘A’ commercial
Company assumes, on the basis of the past trend that the banks in Nepal which are closely regulated by the Central
receivables from NEA will be recovered in the normal course Bank. There has been no indication of impairment on these
of business. instruments.

47
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

5.1.4 Cash and Cash Equivalent 5.1.5 Risk associated with Financial Assets
Cash and cash equivalents include deposit account balances The Company closely monitors the risks associated with
maintained with banks or financial institutions. These enable the financial assets. The Company has an enterprise risk
the Company to meet its short term liquidity requirements. management system commensurate with the nature and
The carrying amount of cash and cash equivalents the size of the business, which the management considers
approximates their fair value. They are readily convertible to sufficient to identify, manage and monitor risks.
known amount of cash and are subject to insignificant risk of
change in value. 5.2 Financial Instruments: Financial Liabilities
These balances have been used as Cash and Cash Equivalents A financial liability is any liability that is:
for the presentation of SCF as well. a) contractual obligation:
(i) to deliver cash or another financial asset to another
Banks and financial institution in Nepal are closely regulated entity; or
by the Nepal Rastra Bank. The Company closely assesses
(ii) to exchange financial assets or financial liabilities with
the risks of these instruments and there are no apparent
another entity under conditions that are potentially
indication of impairment of these balances.
unfavorable to the entity; or
The Company discourages the use and holding of cash b) a contract that will or may be settled in the entity’s own
balances therefore there are no cash balances as at the equity instruments and is:
reporting dates.
(i) a non-derivative for which the entity is or may be obliged
The details of Cash and Cash Equivalents are given below: to deliver a variable number of the entity’s own equity
instruments; or
NRs.
(ii) a derivative that will or may be settled other than by the
31.03.2074 01.04.2073
32.03.2075
PARTICULARS
INTEREST
(15.07.2017) (16.07.2016) exchange of a fixed amount of cash or another financial
RATE (%) (16.07.2018)
Restated Restated
asset for a fixed number of the entity’s own equity
Bank instruments.
Normal Deposits

Himalayan Bank Limited 2.5% 6,134,570 4,698,797 36,077,423 Financial Liabilities under NAS 39 are to be classified as Fair
Standard Chartered Value through SoPL and those Held at Amortised Cost. All
0% - 83,807 86,456
Bank Ltd financial liabilities held by the Company are classified as
Janata Bank Nepal Ltd 0.6% 450,434 450,265 4,825,767 financial liabilities held at amortised cost using effective
Janata Bank Nepal Ltd.
66,103 66,103 66,103
interest rate.
0%
(Dividend)

Mega Bank Ltd 3% 917,815 3,025,134 32,300,711 Financial liabilities held by the Company are non-interest
Siddhartha Bank Ltd 4% 135,289,742 131,035,888 137,333,090 bearing. The non-interest bearing instruments’ carrying
NMB Bank Ltd 3% 358,434 349,273 3,741,294 value represents the amortised cost.
Jyoti Bikash Bank Ltd. 5% 9,243,920 280,0631 11,945,350
Categories of financial liabilities:
NMB Bank Ltd 3% 358,291 145,014 10,490,712

Everest Bank Ltd 0.5% 405,221 471,287 2,636,221 FINANCIAL LIABILITIES AT

Nabil Bank Ltd 0% 119,073 119,073 119,073 RELEVANT FAIR VALUE
AMORTIZED
NOTES DESIGNATED HELD FOR
Nepal SBI Bank Ltd. 1.5% 836 4,052,851 - COST
AT FVTPL TRADING
Nepal SBI Bank Ltd. 1.5% 7,272,692 1,373,406 -
Trade and Other
5.2.1 - -
Muktinath Bikash Bank
5,581,686 - - Payable
Ltd.

Nepal Bank Ltd 0% 123,703 5,179,656 57,218 5.2.1 Trade and Other Payables
Relating to Subsidiaries - - - Trade and other payables mainly consist of amounts the
Sanjen Jalavidhyut Co. Ltd. 36,524,843 164,495,975 173,728,957 Company owes to suppliers and government authority
Madhya Bhotekoshi that have been invoiced or are accrued. These also include
276,084,225 296,782,375 334,042,243
Jalavidhyut Co. Ltd. taxes due in relation to the Company’s role as an employer.
Rasuwagadhi Hydropower
543,439,203 157,851,598 184,069,597 These amounts have been initially recognized at cost and it
Co. Ltd.
is continued to be recognized at cost as it fairly represents
Chilime Engineering and
Services Co. Ltd.
25,226,730 8,838,454 - the value to be paid since it does not include interest on
Total 1,047,597,521 781,819,587 931,520,215 payment.

48
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

NRs. The detailed structure of equity of CJCL is given as below:

31.03.2074 01.04.2073
32.03.2075 NRs.
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018) 31.03.2074 01.04.2073
Restated Restated 32.03.2075
(15.07.2017) (16.07.2016)
Nepal Hydro and PARTICULARS (16.07.2018)
1,147,984 1,147,984 - RESTATED RESTATED
Electric Ltd.
HOLDING HOLDING HOLDING
Retention Money 4,455,881 2,727,768 2,594,217
Nepal Electricity
NEA Unit Current 51% 51% 51%
532,832 391,765 - Authority (NEA)
Account
Employees of NEA and
Income Tax 1,739,633 45,270,301 45,270,301 25% 25% 25%
CJCL
DOED (Royalty) 5,078,674 5,065,784 4,959,253 Project Effected Local
10% 10% 10%
Other Liabilities 2,172,971 2,918,483 1,678,494 People
Relating to General Public 14% 14% 14%
Subsidiaries Total 100% 100% 100%
Sanjen Jalviduit Total Number of Share 39651131 34479244 31344768
185,846,507 120,436,584 63,471,242
Co. Ltd.
Total Ordinary Share
Madhya 9600000 9600000 9600000
issued
Bhotekoshi 99,265,845 60,281,139 22,487,820
Total Bonus Share
Jalviduit Co. Ltd. 30051131 24879244 21744768
Distributed
Rasuwagadhi
Hydropower 212,993,101 151,831,502 72,615,185
Co. Ltd. It is the Company’s policy to net off share issue expenses with
Chilime
the capital collected under NFRS. However the Company’s
Engineering and 16,293,759 456,828 - share capital has not been adjusted for such expenses as they
Services Co. Ltd. pertain to periods of initial establishment of the Company
Total 529,527,187 390,528,138 213,076,512 and had been charged during the period of issue. It is not
possible to reliably identify such costs and the management
6. Share Capital believes that the amount to be not material.
The Company’s registered share capital structure is as follows:
7. Retained Earnings
NRs. The details of retained earnings are as given below:
NUMBER 31.03.2074 01.04.2073
VALUE 32.03.2075
PARTICULARS OF (15.07.2017) (16.07.2016) NRs.
PER (16.07.2018)
SHARES RESTATED RESTATED 31.03.2074 01.04.2073
32.03.2075
Authorized PARTICULARS (15.07.2017) (16.07.2016)
40,000,000 100 4,000,000,000 3,500,000,000 31,500,000,000 (16.07.2018)
Capital RESTATED RESTATED

Issued Capital 39,700,000 100 3,970,000,000 3,470,000,000 3,140,000,000 Opening Balance as on 1

4,671,013,672 4,436,732,958 4,901,563,422
Shrawan 2074 (16 July 2017)

Paid Up Opening NFRS Adjustment

39,651,131 100 3,965,113,152 3,447,924,480 3,134,476,800 (2,288,733) (11,962,368) -
Capital (Sanjen)
Amended Tax Assessment - - (505,184,366)
Total 3,965,113,152 3,447,924,480 3,134,476,800
Opening Balance (Restated) 4,668,724,939 4,424,770,589 4,396,379,056

Equity Transaction (difference

in retained earning brought
48,210,245 (4,245,769) -
forward revalued at current year
NCI%)
Bonus Shares for FY 2073/74
(517,188,672) (313,447,680) (408,844,800)
capitalized in FY 2074/75
Dividend for FY 2073/74 paid in
(344,792,448) (313,447,680) (327,075,840)
FY 2074/75
Net Profit After Tax 895,661,653 862,869,018 935,529,594
Other Comprehensive Income 5,298,181 3,097,024
NFRS Adjustment of Subsidiary (1,087,902) 11,418,170
Reserve & Surplus of Subsidiaries - - (159,255,052)
Closing Balance as on 32
4,754,825,995 4,671,013,672 4,436,732,958
Asadh 2075 (16 July 2018)

49
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Bonus Shares Employee Benefits Costs

The Company paid bonus of NRs. 517,188,672 during the Following employee benefits costs are charged to the
financial year 2074/75 (2017.18) and NRs 313,447,680 during Statement of SoPL for the year.
the FY 2073/74 (2016.17) based on the declaration of bonus
shares for the FY 2073/74 (2016.17) and 2072/73 (2015.16) NRs.
respectively. FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
For the current year 2074/75 (2017.18) the board of directors Current Employee Benefits
have proposed 20% bonus shares, which is subject to (Note 8.1)
approval by shareholders at the Annual General Meeting. Charged to Hydroelectric Plant
41,349,695 39,081,449
Cash Dividend Operating Expenses
The Company distributed cash dividend of NRs 344,792,448 Charged to Administrative
15,172,131 16,925,190
and NRs 313,447,680 during the financial year 2074/75 Expense
(2017.18) and 2073/74 (2016.17) respectively based on Post-Employment Benefits
the declaration of dividend for the financial year 2073/74 (Note 8.2)
(2016.17) and 2072/73 (2015.16) respectively. The cash Defined Contribution Plan –
2,789,078 2,584,902
dividend per share was NRs. 10 for both financial years. Expenses (Note 8.2.1)
Gratuity Benefit (Note 8.2.3.1) 7,645,638 7,887,640
For the current year 2074/75 (2017.18) the board of directors
Leave Benefit (Note8.2.3.2) 1,635,705 582,740
have proposed 5% cash dividend, which is subject to
Sub-Total 68,592,247 67,061,921
approval by shareholders at the Annual General Meeting.
Others:
7.1 NON-CONTROLLING INTEREST
Provision for Staff Bonus SJCL 18,753,273 18,889,842
Non-Controlling Interest has been recognized on the basis of
Provision for staff bonus CHEsco 406,791 -
the NCI’s shares in the net assets of the subsidiaries. Since the
subsidiaries are not in operation the performance results of Sub-Total 19,160,064 18,889,842
the subsidiaries are not included. Relating to Subsidiaries:
Sanjen Jalavidhyut Company Ltd. 16,240,078 17,664,512
31.03.2074 01.04.2073
PARTICULARS
32.03.2075
(15.07.2017) (16.07.2016)
Madhya Bhotekoshi Jalavidhyut 15,218,793 13,465,188
(16.07.2018)
RESTATED RESTATED Rasuwaghadi Hydropower
11,636,420 15,447,536
Sanjen Jalviduit Co. Ltd. 1,252,983,847 404,473,767 400,773,686 Company Ltd.
Madhya Bhotekoshi Chilime Engineering & Services
Jalviduit Co. Ltd.
804,903,214 740,464,600 683,469,443 29,490,846 2,921,108
Co. Ltd.
Rasuwagadhi Hydropower
Co. Ltd.
2,809,504,443 1,199,692,490 1,136,952,809 Sub-Total 72,586,137 49,498,344

Total 4,867,391,504 2,344,630,857 2,221,195,938 Grand Total 160,338,448 135,450,107

NCI % 8.1 CURRENT EMPLOYEE BENEFITS

31.03.2074 01.04.2073 Charged to Hydropower Plant Operating Expenses
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
RESTATED RESTATED NRs.
Sanjen Jalviduit Co. Ltd. 47.52% 22.82% 22.89% FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
Madhya Bhotekoshi
27.45% 26.84% 29.20%
Jalviduit Co. Ltd. Salaries and Benefits
Rasuwagadhi Salary 22,018,684 20,923,956
Hydropower 56.28% 36.23% 38.43%
Co. Ltd. Allowances and Benefits 13,430,970 12,570,084
Overtime Allowance 3,996,253 3,889,594
8. Employee Benefits Medical Benefits 1,903,788 1,697,816
Employee Benefits
Total of CJCL 41,349,695 39,081,450
The Company provides employee benefits in accordance to
Relating to Subsidiary:
its by-laws which is in compliance with the local laws and
regulations. The employee benefits are classified as current Chilime Engineering & Services
26,316,207 2,272,933
Company Ltd.
benefits and post-employment benefits.
Grand Total 67,665,902 41,354,383

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 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Charged to Administrative Expenses Rasuwaghadi Hydropower

NRs. 557,234 527,357
Company Ltd.
FY2074/075 2073/074 Chilime Engineering & Services
PARTICULARS 31,241 13,265
(2017/18) (2016/17) Company Ltd.
Salaries and Benefits Total of Subsidiaries 1,722,372 1,604,031
Salary 6,361,511 6,056,741 Grand Total 4,511,450 4,188,933
Wages 127,000 127,000
Allowances and Benefits 3,844,723 3,770,012 8.2.2 Defined Benefit Expense
Overtime Allowance 609,345 822,174 The defined benefit plan of the Company includes Gratuity
Leave Encashment (Note 8.2.2) 517,516 1,728,084 and Leave encashment Entitlements.
Medical Benefits 6,188,309 511,143
Gratuity
Employee Insurance 3,023,727 3,910,037
Gratuity for employees have been provided as per actuarial
Total SJCL 15,172,131 16,925,190 assessment and the assessed amount has been recognized
Relating to Subsidiaries: as liabilities. The Company’s gratuity policy provides that the
Sanjen Jalavidhyut Company Ltd. 15,695,087 17,130,695 employees who have served in the Company for 3 years or
Madhya Bhotekoshi Jalavidhyut 14,629,887 12,935,596 more shall be entitled to gratuity at the rates as prescribed
Rasuwagadhi Hydropower below at the time of their termination from employment due
11,079,186 14,920,179 to any reasons:
Company Ltd.
Chilime Engineering & Services RATE AT WHICH GRATUITY IS
3,143,398 634,910 SERVICE YEARS
Co.Ltd. PAID AT RETIREMENT
Total of Subsidiaries 44,547,558 45,621,380 50% of current monthly salary for
Up to 7 years
Grand Total 59,719,689 62,546,570 each year of service
More than 7 years 100% of current monthly salary
8.2 POST EMPLOYMENT BENEFITS up to 15 years for each year of service
The Company operates separate defined benefit and defined More than 15 years 150% of currently monthly salary
contribution plans for its employees. up to 20 years for each year of service
200% of current monthly salary
More than 20 years
8.2.1 Defined Contribution Expenses for each year of service
The defined contribution expenses includes employer’s
contribution for provident fund. These amounts have Service period is to be calculated from the date of permanent
been deposited in Employee Provident Fund (EPF), a 100% appointment
Government of Nepal undertaking.
With the recent changes in the Labor Act, the Company will
The Company contributes 10% of the salary on monthly basis follow the provisions of the act and provide for gratuity in
as provident fund contribution for its employees. accordance with the Act from FY 75/76.
NRs.
FY2074/075 2073/074 Leave Encashment Scheme
PARTICULARS Leave encashment that are accumulative (the Company
(2017/18) (2016/17)
Employee’s Provident Fund encashment of accumulated leave at the time of retirement)
Deposit: has been computed using actuarial assumptions. The
Charged to Operational Expenses 2,100,760 2,014,250 Company’s policy allow its employees to accumulate earned
Charged to Administrative Expenses 632,915 570,652
Annual Leave and Sick Leave and claim payment on account
of those accumulated leaves at the time of retirement at the
Employees Retirement Fund:
rate of monthly salary the employee is eligible at the time of
Charged to Operational Expenses 42,399 -
retirement.
Charged to Administrative Expenses 13,004 -
Total of SJCL 2,789,078 2,584,902 Other non-accumulative leave encashment are accounted
Relating to Subsidiaries: for as an expense in the financial year in which the payment
Sanjen Jalavidhyut Company Ltd. 544,991 533,817 is made.
Madhya Bhotekoshi Jalavidhyut 588,906 529,592

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Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
Leave Encashment (Charged to Administrative Expenses) 688,309 1,728,084

Other Retirement Benefits

The Company does not have any other Retirement Benefit Schemes.
Defined Benefit Costs
32.03.2075 (16.07.2018) 31.03.2074 (15.07.2017)
PARTICULARS LEAVE ENCASHMENT LEAVE ENCASHMENT
GRATUITY GRATUITY
SICK LEAVE ANNUAL LEAVE SICK LEAVE ANNUAL LEAVE
Current Service Cost 4,441,431 494,190 259,962 4,777,640 545,430 336,000
Gains Recognized to SoPL - - - - (669,080) (479,610)
Interest Cost on DBO 3,204,207 555,386 326,167 3,110,000 545,000 305,000
Total 7,645,638 1,049,576 586,129 7,887,640 421,350 161,390

8.2.3 Defined Benefit Plan Liabilities

NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
RESTATED RESTATED
Leave Benefits (Note 8.2.3.2) 11,771,476 11,196,674 10,742,770
Gratuity Benefit (Note 8.2.3.1) 44,842,809 42,758,996 39,094,820
Total 56,614,285 53,955,670 49,837,590

8.2.3.1 Gratuity
NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
RESTATED RESTATED
Opening Balance of Defined Benefit Obligation (DBO) 42,758,996 39,094,820 26,882,210
Current Service Cost 4,441,431 4,777,640 3,497,610
Interest Charge (unwinding interest) 3,204,207 3,110,000 2,144,000
Less: Gratuity Paid during the year - (352,184) -
Closing Liability 50,404,634 46,630,276 32,523,820
Actuarial (Gain)/Loss – OCI (5,561,825) (3,871,280) 6,571,000
Assessed Liability (actuarial assessment) 44,842,809 42,758,996 39,094,820

Defined Benefit Plan – Assets

NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
RESTATED RESTATED
Opening Assets - - -
(+) Estimated Investment Returns for the year - - -
(+) Additional Investment during the year - - -
(-) Withdrawal (pay-outs during the year) - - -
Closing Assets - - -
Net Defined Benefit Plan Liability 44,842,809 39,094820 3,909,482
Net Charge 2,083,813 5,641,610 5,641,610
Net Charge – SoPL (2,083,813) (5,641,610) (5,641,610)
Net Charge (Debit) – SoCE - - -

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 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

8.2.3.2 Leave Encashment

32.03.2075 (16.07.2018) 31.03.2074 (15.07.2017)
PARTICULARS ANNUAL SICK ANNUAL SICK
TOTAL TOTAL
LEAVE LEAVE LEAVE LEAVE
Opening Balance of Defined
3,935,847 7,260,826 11,196,673 3,854,250 6,888,520 10,742,770
Benefit Obligation
Current Service Cost 259,962 494,190 754,152 336,000 545,430 881,430
Interest Charge
326,167 555,386 881,553 305,000 545,000 850,000
(unwinding interest)
Less: Paid during the year - - - (79,792) (49,044) (128,836)
Less: Immediate Recognition
- - - (479,610) (669,080) (1,148,690)
to SoPL
Closing Liability 4,521,976 8,310,402 12,832,378 3,935,845 7,260,826 11,196,674
Actuarial (Gain)/Loss – OCI (373,426) (687,476) (1,060,901) - - -
Assessed Liability
4,148,550 7,622,926 11,771,476 3,935,845 7,260,826 11,196,674
(actuarial assessment)

Defined Benefit Plan – Assets

NRs. CHANGE AMOUNT (NRS.)
32.03.2075
31.03.2074 01.04.2073 IN SALARY
PARTICULARS (15.07.2017) (16.07.2016) SICK ANNUAL
(16.07.2018) ESCALATION GRATUITY TOTAL
RESTATED RESTATED LEAVE LEAVE
RATE
Opening Assets - - -
1% increase 6,647,207 886,120 594,814 8,128,141
(+) Estimated Investment Returns
for the year
- - - 1% decrease (5,734,437) (765,665) (513,184) (7,013,285)

(+) Additional Investment during

- - -
the year 8.2.3.4 Principal actuarial assumptions
(-) Withdrawal (pay-outs during PARTICULARS
- - - BASIS
the year)

Closing Assets - - -
Financial Assumptions

Net Defined Benefit Plan Liability 11,771,476 11,196,673 7,456,600

Discount Rate 8%
Indian Assured Lives Mortality
Net Charge 574,803 582,740 1,118,170 Mortality Rate
(2006-08) (modified) Ult.
Net Charge – SoPL (574,803) (582,740) (1,118,170)
Salary escalation (including inflation) 10%
Net Charge (Debit) – SoCE - - -
Withdrawal Rate 1%
Investments of Plan Assets 0% of the fund
8.2.3.3 Sensitivity Analysis
Interest bearing term deposits with the bank 0%
A. Effect on Defined Benefit Obligation due to change in
Discount Rate
B. Discount Rate Applied as at 32.03.2075 (16 July 2018) = 8% 8.3 OTHERS
Staff Loan facilities
CHANGE IN AMOUNT (NRS.) The loan facilities are provided from a “Welfare Fund” which is
DISCOUNT SICK ANNUAL independent of the Company.
GRATUITY TOTAL
RATE LEAVE LEAVE
1% increase (5,781,815) (569,192) (719,357) (7,066,306) Staff Bonus (Statutory)
1% decrease 6,846,206 675,183 849,015 8,365,551 Staff is provided annual bonus under the provision of the
Electricity Act and Rules 2049 (at the rate of 2% of Profit
C. Effect on Defined Benefit Obligation due to change in Before Income Tax and after Bonus ). Provision is created as
Salary Escalation Rate Salary Escalation rate applied as at per annual profit and paid in the subsequent period as per
31.03.2074 (15 July 2017)= 10% the provisions of Bonus Act 2030. Unspent amounts are
transferred to Welfare Funds as per the provisions of Bonus
Act 2030.

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Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

FY 2074/075 FY 2073/074 FY 2072/073 The Company was not satisfied with the calculation
PARTICULARS
(2017/018) 2016/017 2015/016 procedure of Income Tax by LTPO so the company has
Employee Bonus 18,753,273 18,889,842 19,263,846 submitted relevant document along with application for
CES Co. Ltd. 406,791 - - Administrative Review to Inland Revenue Department,
Lazimpat for the FY 2068/069 (2011/012) and 2070/71
Total 19,160,064 18,889,842 19,263,846
(2013/014). IRD has not made any decision regarding this
issue till date.
9. Income Tax
The Company has adopted the policy of accounting and
b. Details regarding Income Tax Assessments are disclosed
reporting tax related elements of Financial Statements in
in Note 20.1.1
accordance with NAS 12 and it represents current tax and
deferred tax for the year. c. c. LTPO has reassessed and determined NRs 12,950,121
as an Income Tax of Fiscal Year 2060/061 and 2061/062
9.1 CURRENT TAX
which is settled out of advance for appeal and advance
Current tax payable (or recoverable) is based on the taxable
tax of NRs. 34,667,530.60. Remaining amount of NRs
profit for the year. Taxable profit differs from the profit
21,717,409.60 is carried for subsequent years.
reported in the Statement of Profit or Loss, because some
item of income or expense are taxable or deductible in 9.2 DEFERRED TAX
different years or may never be taxable or deductible. Deferred Tax is the tax expected to be payable or recoverable
in future arising from:
CJCL has been granted a 15 year tax holiday starting from
a. Temporary differences between the carrying amounts of
the date of generating electricity for commercial purpose
assets and liabilities in the financial statements and the
i.e. 08 Bhadra 2060 (25 August 2003) by the tax authorities
corresponding tax bases used in computation of taxable
under Income Tax Act, 2058. The Company has provided for
profit,
income tax liability pertaining to income other than income
b. Unused tax losses and/or
from sale of electricity in accordance with the Income Tax
c. Unused tax credits.
Act, 2058 enacted and as applicable in Nepal.
Deferred Tax is computed using SFP method. Deferred Tax
a. a. NRs. 18,814,163 has been provided for as income
Liabilities are generally recognized for all taxable temporary
tax liability for the current financial year by way of
differences and Deferred Tax Assets recognized to the extent
self-assessment as per the Income Tax Act, 2058. The
that is probable that taxable profit will be available against
total amount of Current Tax incudes NRs 18,000,793 of
which Deferred Tax Assets can be utilized.
CJCL and 813,370 of Chilime Engineering & Services Co.
Ltd. CJCL has been paid NRs. 7,300,000 as installment The tax rate used for deferred tax is the rate that has been
tax during the year. NRs. 10,458,535 has been claimed as enacted as on 32 Asadh 2075 (which is 20% for CJCL and 25%
advance tax on bank interest income and Lease Income for CHEsco)
during the year. Total of installment tax paid and advance
taxes are included in the total advance tax balance of NRs The details of deferred tax related elements of financial
17,758,535 as at the year end. During this year a sum of statements are as given below:
NRs. 43,530,668 has been paid against the tax assessment
by LTPO for the FY 2069/070 (2012/013). Similarly, LTPO
has amended the self-assessment of tax for the FY
2070/071 (2013/14) and determined NRs. 64,698,510 as
due to be paid. However the company has already paid
NRs. 34,410,830 on account of the Income Tax for the
same period and informed the LTPO accordingly but
the LTPO has not incorporated this sum at the time of
assessment.

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 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

FY 2073/074
PARTICULARS FY 2074/075 (2017/018)
2017/018
Temporary Difference 613,232,872 616,922,093
Tax Rate 20% 20%
Closing Deferred Tax (Assets)/ Liabilities (CJCL) 122,646,574 123,384,419
Temporary Difference (CHEsco) 978,191 (4,428,906)
Tax Rate 25% 25%
Closing Deferred Tax (Assets)/ Liabilities (CHEsco) 244,548 (1,107,227)
Closing Deferred Tax (Assets)/ Liabilities Group 122,891,122 122,277,192
Less: Opening Deferred Tax (Assets) / Liabilities Group 122,277,192 123,041,763
Deferred Tax Expense / (Income) 613,930 (764,571)
To SoPL (710,615) (1,538,828)
To OCI 1,324,545 774,256

NRs.
CARRYING VALUE TAX BASE TEMPORARY
PARTICULARS REMARKS
(A) ( B) DIFFERENCE

Assets: PPE 1,631,502,166 961,655,009 669,847,157 A-B

Liabilities: Defined Benefit Obligation 56,614,285 - (56,614,285) B-A
Temporary Difference (CJCL) 1,688,116,451 961,655,009 613,232,872
Assets: PPE (CHEsco) 11,920,738 10,942,547 978,191 A-B
Temporary Difference (CHEsco) 11,920,738 10,942,547 978,191
FY 2016/17
Assets: PPE (CJCL) 1,610,121,020 939,243,257 670,877,763 A-B
Liabilities: Defined Benefit Obligation (CJCL) 53,955,670 - (53,955,670) B-A
Temporary Difference (CJCL) 1,664,076,690 939,243,257 616,922,093
Assets: PPE (CHEsco) 999,207 1,074,999 (75,792) A-B
Loss (CHEsco) - (4,353,114.0) (4,353,114) A-B
Temporary Difference (CHEsco) 999,207 (3,278,115) (4,428,906)

10. Provisions
When the Group has a present obligation (legal or constructive) as a result of a past event, provisions are recognized only if it
is probable that a transfer of economic benefits will be required to settle the obligation and a reliable estimate of the amount
of obligation can be made.
NRs.
31.03.2074 01.04.2073
32.03.2075
PARTICULARS (15.07.2017) (16.07.2016)
(16.07.2018)
RESTATED RESTATED
Current Tax Liability 18,000,793 10,898,992 19,465,394
Employee Welfare 3,486,981 5,612,883 4,204,726
Employee Bonus 18,753,273 18,889,842 19,263,846
Total 40,241,047 35,401,717 42,933,966
Relating to Subsidiaries
Sanjen Jalviduit Co. Ltd. 2,143,077 2,129,743 1,456,683
Madhya Bhotekoshi Jalviduit Co. Ltd. 918,338 949,44 591,055
Rasuwagadhi Hydropower Co. Ltd. 12,313,441 14,364,795 91,207,383
Chilime Engineering & Services Co. Ltd. 1,220,160 - -
Sub-Total 16,595,016 17443992 93,255,121
Grand-Total 56,836,063 52,845,709 136,189,087

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Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

11. Revenue from Sale of Electricity

Revenue from sale of electricity is recognized at the time of issuing invoice to Nepal Electricity Authority (NEA) as per the Power
Purchase Agreement (PPA) dated 11 Ashadh 2054 held in between Nepal Electricity Authority and the Company.
The details of revenue from sale of electricity is as follows:
NRs.
FY2074/075 FY2073/074
(2017/18) (2016/17)
ENERGY SALE AND PURCHASE ELECTRICITY ELECTRICITY
RATE PER RATE PER
SALE IN REVENUE SALE IN REVENUE
UNIT UNIT
UNITS UNITS
Energy Sale
Regular Energy 130,807,007 8.17 1,068,693,250 132,758,000 8.17 1,084,632,860
Excess Energy 17,093,042 4.08 69,739,614 27,513,942 4.08 112,256,884
Net Sale of Electricity 147,900,049 1,138,432,864 160,271,942 - 1,196,889,744

12. Hydroelectric Plant Operating Expense

NRs.
FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
Current Employees Benefits (8.1) 41,349,695 39,081,449
Defined Contribution Cost (Note: 8.2.1) 2,143,159 2,014,250
Employee Welfare 737,432 687,075
Fuel – Generation 119,850 160,178
Mobile – Generation 49,962 57,616
Other Tools 69,947 60,716
Electricity 22,680 24,732
Consultancy Service - 90,400
Repair and Maintenance - -
Other Repairs 257,574 194,631
Machine and Equipment Repairs 21,088,301 37,941,711
Transmission Line Repairs 1,100,344 736,000
Distribution Line Repairs 692,695 910,700
Repair and Maintenance-Transformer - 494,775
Fuel – Vehicles 1,266,146 1,316,002
Mobile – Vehicles 166,942 293,524
Repairs – Vehicles 2,311,588 1,484,541
Repairs – Civil 11,802,006 7,194,012
Street Light 257,687 819,124
Insurance 3,980,998 4,892,633
License Fee/ Registration and Renewal 456,442 399,130
Telephone 604,991 556,287
Transportation 79,100 18,880
Training 2,280,218 1,187,700
Printing and Stationery 427,886 484,949
Magazine and Newspaper - 15,024
Financial Assistance - 8,000
Advertisement 198,569 412,949

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 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

FY2074/075 2073/074
PARTICULARS
(2017/18) (2016/17)
Annual General Meeting and Functions 679,947 686,907
Guest Entertainment 429,521 295,685
Refreshments 215,485 57,800
Prizes 60,000 -
Other Expenses 156,135 139,789
Royalty (Refer to 12.1 ) 24,978,601 26,147,795
Travel 1,291,200 992,497
Meeting Allowances 321,500 326,000
Bank Charges and Commission 4,375 3,834
Community and Local Development 5,733,155 284,634
Store Written Off - 1,335,933
Total CJCL 125,334,131 131,807,862
Chilime Engineering & Services Co. Ltd. 26,316,207 2,272,933
Total 151,650,338 134,080,795

12.1 Royalty
The Company has paid royalty to Government of Nepal as per the provisions of Electricity Act and Regulation as follows.
NRs.
31.03.2074 31.03.2073
ROYALTY BASED ON RATE
(15.07.2017) (15.07.2016)
Installed Capacity =
NRs.100 per KW 2,210,000 2,210,000
22.1 MW
Revenue from Sale of 2 % of net
22,768,601 23,937,795
Electricity Revenue
Total Royalty 24,978,601 26,147,795

Calculation of royalty is based on sale of electricity after deducting the units of electricity used internally for operation of power
house.

The Company has been generating electricity for commercial sale since 08 Bhadra 2060 (25 August 2003). After 07 Bhadra 2075
(23 August 2018), the rate of royalty expense is going to increase from 2% to 10%.

ROYALTY BASED ON RATE

Installed Capacity (22.1 MW) NRs.1,000 per KW
Revenue from Sale of Electricity 10 % of net Revenue

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Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

13. Administrative Expense PARTICULARS

FY2074/075 FY2073/074
NRs. (2017/18) (2016/17)
FY2074/075 FY2073/074 Relating to Subsidiaries
PARTICULARS
(2017/18) (2016/17) Sanjen Jalavidhyut Co. Ltd. 34,512,109 36,027,926
Relating to CJCL Madhya Bhotekoshi Jalavidhyut
Current Service Cost 15,172,131 16,925,190 32,691,515 26,497,730
Co. Ltd.
Defined Benefit Cost Rasuwagadhi Hydropower Co.
41,491,569 33,145,671
Leave Encashment 1,635,705 582,740 Ltd.
Chilime Engineering and
Gratuity 7,645,638 7,887,640 9,711,312 3,000,378
Services Co. Ltd.
Employee Welfare 3,673,255 5,734,862
Total 177,441,111 172,202,204
Defined Contribution Cost 645,920 570,652
Other Services 634,560 846,080
14. Finance Income
Water and Electricity 180,307 189,670
Finance Income comprises of the interest income received
Consultancy Service 531,834 969,765 or receivable from bank(s) on term deposits. Difference
Other Repairs 32,298 7,910
between what has been received and the total amount to
Fuel – Vehicles 709,910 709,239
be received is shown as receivables. The details of interest
Mobile and Lubricants 72,156 59,685 income is as below:
Repair – Vehicles 480,533 591,364 NRs.
Repairs – Civil 35,347 37,319 FY2074/075 FY2073/074
PARTICULARS
(2017/18) (2016/17)
Insurance 227,972 221,768
Chilime Jalavidhyut Company
License Fee 7,332,155 221,350 68,444,188 39,349,972
Ltd.
Postage and Courier 500 2,500
Relating to Subsidiaries
Telephone 259,733 266,766
Sanjen Jalavidhyut Co. Ltd. 19,230,946 8,807,301
Corporate Development Expense 5,748,071 -
Madhya Bhotekoshi Jalavidhyut
Training 267,283 693,990 12,907,781 6,908,087
Co. Ltd.
Legal Expenses 45792 324,300 Rasuwagadhi Hydropower Co.
39,838,395 6,118,110
Other Business Expense 1,564,166 1,549,670 Ltd.
Printing and Stationery 414,951 535,289 Chilime Engineering and
1,082,414 371,683
Services Co. Ltd.
Magazine and Newspaper 53,600 81,400
Total 141,503,724 61,555,153
Advertisement 524,350 1,584,650
Annual Functions and Workshop 1,006,041 1,521,796
15. Other Income
Guest Entertainment 190,632 252,729 The details of other income are presented as below, which
Other Expenses 215,367 361,475 comprise of lease rentals, income from sale of tender forms,
Meeting Allowance 1,306,000 2,505,002 foreign exchange gain etc.
Meeting Management Expense 183,150 233,451 NRs.

Travel 135,225 448,745 FY2074/075 FY2073/074

PARTICULARS
(2017/18) (2016/17)
Bank Charges and Commission 2,262 4,491
Land Lease 1,724,869 1,478,923
Share Registrar Related Expense 4,196,286 5,190,272
Other Income 1,834,114 2,767,073
Director Allowance 675,000 650,000
Relating to Subsidiaries
Audit Fee 521,156 532,230
Sanjen Jalavidhyut Co. Ltd. 11,843,106 (12,107,667)
Audit Expense 117,282 142,354
Madhya Bhotekoshi Jalavidhyut
Recruitment Expense 2,370,038 568,891 5,170,370 158,520
Co. Ltd.
Receivable Adjustment - 19,933,200 Rasuwagadhi Hydropower Co.
(8,087,989) 2,318,006
Loss on Exchange - 324,064 Ltd.
Financial Assistance, Donation Chilime Engineering and
108,000 148,000 45,272,133 430,000
and Prizes Services Co. Ltd.
Corporate Social Responsibility 120,000 120,000 Total 57,756,603 (4,955,145)
Total CJCL 59,034,606 73,530,499

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 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

SJCL has made overhead payment to NEA for deputed Staff

16. Earnings Per Share (EPS) for the FY 74/75 amounting to NRs. 4,303,998 and NRs.
Earnings per share has been disclosed on the face of 180,000 against the use of NEA Server.
‘Statement of Profit or Loss and Other Comprehensive
Income’ in accordance with the NAS 33. 17.2 PARENT AND SUBSIDIARIES
CJCL has made investments in three other hydropower
Distribution of Bonus Share impacts calculation of EPS and companies and a company that provides engineering
the prior year has also been adjustment under requirements services. As CJCL has control over these entities, these
of NAS 33. With bonus share issued this year on the basis companies are considered to be related parties to CJCL.
of results up to prior year. The issue of bonus shares was (Refer Note 2 for details about the investments). CJCL has
approved by the AGM for FY 2074/75. leased some unused land and building to these companies.
NRs.
The terms and conditions of the lease agreement with
FY2074/075 2073/074 associates were no more favorable than those available, or
PARTICULARS
(2017/18) (2016/17)
which might reasonably be expected to be available, on
Net Profit for the Year 895,036,965 836,032,973
similar transactions to non-related entities on an arm’s length
Weighted Average Number of basis.
39,651,131 34,479,244
Share
Basic EPS Reported 22.25 27.09 NAME OF THE NATURE OF TRANSACTION GROSS RECEIPT
ASSOCIATE TRANSACTION AMOUNT (PAYMENTS)
Basic EPS Restated NA *21.08
Sanjen Investment 1,436,644,900 1,436,644,900
* Restated after capitalization of Bonus Share.
Hydropower
Lease 1,024,868 1,024,868
Co. Ltd
The Company has not issued any dilutive potential ordinary
share and accordingly diluted earnings per share has not Madhya Investment 2,220,000,000 2,220,000,000
Bhotekoshi
been calculated.
Hydropower Lease 2,243,731,000 2,243,731,000
Co. Ltd
17. Related Parties
Rasuwagadhi
The Group identifies the following as its related parties:
Hydropower Investment 500,000 500,000
17.1 PARENT Co. Ltd
Nepal Electricity Authority (NEA), the parent, holds 51% Chilime Investment 24,126,583 24,126,583
shares of CJCL. Entire energy generated by CJCL is sold to Engineering
Consultancy
the Parent as per the rate agreed in the Power Purchase and Services 9,225,365 8,694,702
Services
Co. Ltd.
Agreement (PPA). All sales of NRs. 1,138,432,864 was made
to NEA. Trade receivable balance of NRs 129,460,545 is
CJCL has provided corporate guarantee totaling NRs.
receivable from NEA. In addition, there is a land lease
16,605,350,000 to Employee’s Provident Fund on behalf of
agreement with NEA. As per this agreement NEA has agreed
its subsidiaries against Tripartite Loan Agreement with EPF,
to pay 40,000 per month as lease payment. CJCL has made
and NRs. 1,034,820,993 (USD 9,641,488.8 @ 107.33 as on
overhead payment to NEA for deputed staff for the FY 74/075
reporting date) to Himalayan Bank Limited. Details of these
amounting to NRs. 1,564,166 and NRs. 180,000 against the
transactions are provided in Note 20.1.2 and 20.1.3.
use of NEA Server.

Calculation of Weighted Average Number of Shares

NUMBER OF SHARES INCLUDING BONUS SHARE
31.03.2074 (15.07.2017) 31.03.2073 (15.07.2016)
SHARES/ BONUS SHARE
WEIGHTED WEIGHTED
NUMBER WEIGHT NUMBER WEIGHT
AVERAGE AVERAGE
Opening including
34,479,244 1 34,479,244 31,344,768 1 31,344,768
Bonus Share
Distribution of
- - - 3,134,476 1 3,134,476
Bonus Shares – 2073/74
Distribution of
5,171,887 1 5,171,887 - - -
Bonus Shares – 2074/75
Weighted Average Number of shares 39,651,131 - 39,651,131 34,479,244 - 34,479,244

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17.3 DIRECTORS AND THEIR RELATIVES

CJCL has a Nine (9) member Board of Directors (BoD) appointed under the provisions of Companies Act 2063. Except for the
following transactions, CJCL has not conducted any other transaction with directors or their relatives during the financial year.

NRs
MEETING OTHER
NAME ROLE TOTAL
ALLOWANCE ALLOWANCE
Mr. Kul Man Ghising Chairman,NEA 63,000 75,000 138,000
Mr. Lekhanath Koirala Member, NEA 126,000 75,000 201,000
Mr. Shanti Laxmi Shakya Member, NEA 147,000 75,000 222,000
Mr. Hara Raj Neupane Member, NEA 78,000 75,000 153,000
Mr. Manoj Silwal Member, NEA 52,000 75,000 127,000
Mr. Tulasi Ram Dhakal Member, Public 132,000 75,000 207,000
Mr. Ram Prasad Rimal Member, Public 84,000 75,000 159,000
Mr. Parsado Tamang Member, Public 63,000 75,000 138,000
Mr. Bhim Prasad Timalsina Member, Public 99,000 75,000 174,000
Total 794,000 675,000 14,69,000

SJCL’S BOARD OF DIRECTORS

Director’s sitting fee for FY 74/75 was NRs. 1,424,000.

2017-18 ROLE
Manoj Silwal Chairman,NEA
Lokhari Luitel Member, NEA
Damodar Bhakta Shrestha Member, CJCL
Parsado Tamang Member, CJCL
Narayan Prasad Acharya Member, CJCL
Rajaram Shrestha Member, EPF

MBJCL’S BOARD OF DIRECTORS NRS

NAME ROLE MEETING ALLOWANCE OTHER COMPENSATION

Mr. Hara Raj Neupane BoD Chairman 95,000 30,000
Mr. Lekhanath Koirala BoD Member 153,000 30,000
Mr. Tulasi Ram Dhakal BoD Member 194,000 30,000
Mr. Braj Bhushan Choudhary BoD Member 50,000 10,000
Mr. Damodar Bhakta Shrestha BoD Member 130,000 30,000
Mr. Naresh Lal Shrestha BoD Member 50,000 15,000
Mr. Birendra Mohan Bhattarai BoD Member 101,000 17,500
Mr. Bharat Raj Wasti BoD Member 15,000 7,500
Mr. Om Krishna Shrestha BoD Member 44,000 5,000
Mr. Yubraj Dulal BoD Member 58,000 15,000

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RGHPCL’S BOARD OF DIRECTORS

NAME ROLE MEETING ALLOWANCE OTHER COMPENSATION
Mr. Jadishshwor Man Sing BoD Chairman 114,000 30,000
Mr. Prabal Adhikari BoD Member 162,000 30,000
Mr. Ram Prasad Rimal BoD Member 324,000 30,000
Mr. Bhim Prasad Timilsina BoD Member 216,000 30,000
Mr. Damodar Bhakta Shrestha BoD Member 276,000 -
Mr. Rochan Shrestha BoD Member 6,000 -
Mr. Bishnu Prasad Poudel BoD Member 120,000 6,250
Mr. Jeevan Katuwal BoD Member 12,000 3,750
Mr. Madhav Prasad Koirala BoD Member 9,000 -

CHESCO’S BOARD OF DIRECTORS

MEETING OTHER
NAME DESIGNATION TOTAL
ALLOWANCE ALLOWANCE
Mr. Damodar Bhakta Shrestha Chairman 60,000 30,000 90,000
Mr. Narayan Prasad Acharya Member 60,000 30,000 90,000
Dr. Prashant Mandal Member 54,000 30,000 84,000

17.4 KEY MANAGEMENT PERSONNEL AND THEIR RELATIVES

CJCL considers its Chief Executive Officer (CEO), Accounts Chief (AC) and Plant Manager (PM) to be Key Management Personnel.
The Company has not conducted any transaction (other than payment of employee benefits) with the Key Management
Personnel or their relatives during the year.

17.4.1 KEY MANAGEMENT PERSONNEL COMPENSATION

PAYMENTS OF EMPLOYEE BENEFITS
SHARE BASED
NAME OF PERSONNEL ROLE POST OTHER
SHORT TERM TERMINATION PAYMENTS
-EMPLOYMENT LONG TERM
Mr. Damodar Bhakta Shrestha CEO 2,352,009 - - - -
Dr. Prashant Mandal DM *518,659 - - - -
Mr. Narayan Prasad Acharya CFO 1,418,937 - - - -
Mr. Bijay Sen Khadka PM 1,612,757 - - - -

* Five Months’ remuneration

SJCL’S KEY MANAGEMENT PERSONNEL

Key Management Personnel were provided with remuneration of NRs. 8,887,052 for the FY 2074/75.

NAME OF PERSONNEL ROLE

Kiran Kumar Shrestha CEO
Ganesh KC Project Chief
Sudhan Singh Mahat Project Chief
Prajesh B Thapa Sr. Contract Engineer
Sushant Bastola Company Secretary
Sushant Bastola Head Finance

MBJCL’S KEY MANAGEMENT PERSONNEL

NAME POSITION TOTAL SALARY PAID
Mr. Mani Kumar Kafle CEO 2,478,186.00
Dr. Sunil Kumar Lama Project Manager 2,054,778.00

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RGHPCL’S KEY MANAGEMENT PERSONNEL

PAYMENTS OF EMPLOYEE BENEFITS
SHARE BASED
NAME OF PERSONNEL ROLE POST OTHER
SHORT TERM TERMINATION PAYMENTS
-EMPLOYMENT LONG TERM
Mr.Madhav Prasad Koirala CEO 2,774,644 - - - -
Mr. Chhabi Lal Gaire DM 2,177,450 - - - -
Mr. Dharma Raj Sharma CFO 1,293,450 - - - -

CHESCO’S KEY MANAGEMENT PERSONNEL

NAME DESIGNATION TERM/PERIOD BENEFITS NRS.
Prashant Mandal Managing Director 7 Months 976,983
Prajesh Bikram Thapa Chief Executive Officer 5 Months 875,000

17.5 EMPLOYEE RETIREMENT BENEFIT PLANS
CJCL considers a retirement benefit plan to be a related
party if the entity is a post-employment defined benefit plan
for the benefit of employees of either the CJCL or an entity
related to CJCL. As CJCL has not made any investments with
respect to the liability on account of DBO, it does not have
any related party with regards to Defined Benefit Plan.
17.6 PENDING DIVIDEND
This Company has continuously been distributing dividend
since 2060.061 till date. Previously Citizen Investment Trust
(CIT) was appointed as a Share Registrar and distribution of
Cash Dividend and Bonus Share was performed by CIT. Now
the same job is being done by Siddhartha Capital Limited.
According to the given information by Share Registrar there
is pending Cash Dividend of NRs. 152,495,378.45.
17.7 OTHER MATTERS
CJCL has not entered into any related party transaction
except those mentioned above.
20. Contingent Liabilities and Commitments
20.1 CONTINGENT LIABILITIES
A contingent liability is identified as follows:
(a) a possible obligation that arises from past events
and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the entity;
or
(b) a present obligation that arises from past events but is
not recognized because:
(i) it is not probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation; or
(ii) the amount of the obligation cannot be measured with
sufficient reliability.
CJCL discloses contingent liabilities unless the possibility
of an outflow of resources embodying economic benefits is
remote. Following are details of contingent liabilities which
has the possibility of outflow of resources:

18. Operating Segment 20.1.1 INCOME TAX ASSESSMENT

NFRS 8 Operating Segments requires particular classes of
entities (essentially those with publicly traded securities)
to disclose information about their operating segments,
products and services, the geographical areas in which they
operate, and their major customers.
The Company has only one reportable operating segment
(both in terms of geography and products) and therefore,
identification, classification and disclosure of separate
reportable operating segments in accordance with NFRS 8 is
not disclosed separately.
19. Interim Reports
Interim reports have been publicly reported in accordance
with the requirement of Securities Board of Nepal (SEBON)
and Nepal Stock Exchange Ltd. (NEPSE). These requirements
are materially aligned with the requirements of NAS 34.
Background
Clause 12 (3) of Electricity Act 2049 provides exemption
from income tax to entities that have been granted
permission for the production, transmission or distribution
of hydroelectricity. Such exemption is applicable for a period
of fifteen years from the date of commercial production,
transmission or distribution. The Company had obtained an
Advanced Ruling (Purba-adesh) from the Inland Revenue
Department (IRD) on 28 Asoj 2061 (14 October 2004)
confirming that it will be eligible for this exemption.
The Company interpreted this clause to mean all of its
income would be exempt from income tax. Accordingly, the
Company did not make provision for, or pay, income tax on
all income earned except for the tax that had already been
deducted at source by third parties. The self-assessment
tax returns were prepared by the Company and submitted

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to the Large Taxpayer Office (LTO) of the IRD based on this SELF - LTPO’S
YEAR REMARKS
ASSESSMENT ASSESSMENT
interpretation. However, on subsequent tax assessments
Appeal for administrative review
conducted by the LTO, it contended that the tax exemption is FY made in FY 73/74 (self-assessment
52,763,196 91,579,268
only applicable to income generated from sale of electricity 2068/69 amount deposited on 2073 Jestha
10)
and not to other sources of income. The status of these
amended tax assessments for the various past financial years Appeal for administrative review
is described below. FY
made in FY 75/76
38,691,615 56,272,398 (self-assessment amount is the sum
2070/71
of NPR 11,775,013 + NRs. 26,916,602
Financial Year 2060/61 and 2061/062 (2003/2004 & 2004 deposited on 2073 Jestha 10)

/2005)
On 30 Asoj 2065 the LTO had assessed the total amount of
The Company has fully settled the tax amount for the FY
tax, penalty and interest to be paid by the Company for this
2069/70 in FY 2074/75. The details are as follows:
financial year at NRs. 107,946,371. The Company appealed
against this assessment at the Revenue Tribunal. The
DESCRIPTION AMOUNT
Tribunal’s verdict was that the Company did not have to pay
this amount as income on which LTO calculated this tax did LTPO assessment 109,482,238
not relate to the financial year 2060/61. The Company has Company’s self-assessment 70,637,039
been informed that the LTO has made an appeal against this Difference between LTPO and
38,845,199
decision. In the event that the decision on this appeal is issued the Company's assessment
in favor of LTO, the Company will have to pay this amount, Payments made by the
plus annual interest for late payment at the applicable rates Company
from the date of the assessment to the time of final payment. First payment (2073 Jestha 10) 34,410,829
Advance tax for FY 2069/70 36,226,210
On 31 Baisakh 2066, the LTO had assessed the total amount of
Payment made by the
tax and penalty to be paid by the Company for this financial
Company prior to LTPO’s 70,637,039
year at NRs. 5,379,807. This amended assessment tax amount assessment
is adequately covered by the provision for income tax made
Second Payment (2074
in the previous year. Chaitra 29) post LTPO's 43,530,668
assessment including interest
Now, The Large Tax Payer Office has settled the pending issue Total tax amount paid by
of income tax related to Fiscal Year 2060/61 and 2061/62. The the Company for FY 2069/70 114,167,707
previous calculation has been revised and determined NRs. including interest
12,950,121 instead of 56,214,221 for these Fiscal Year. The Interest amount included in the
4,685,469
rest amount NRs. 21,717,410 out of NRs. 34,667,530 has been second payment
transferred for next year.
20.1.2 CORPORATE GUARANTEES
Financial Years 2068/69 and 2069/70 & 2070/71 (2013- Employee Provident Fund
2014) CJCL has provided corporate guarantee to Employee
The Company has filed for Administrative Review at the Provident Fund against the loans provided to the Company’s
IRD in relation to the amended tax assessment for the year subsidiaries for construction of the hydropower project. The
2068/69 (2011.12) and 2070/071 (2013.14) as it does not amount outstanding at the end of FY 2074/75 (2017/18) and
agree with the basis of computation used by LTO. For this Fiscal Year 2073/074 (2016/017) is as follows.
reason a provision for the differences between the LTO’s
amended assessments and the Company’s self-assessments
for these two financial years has not been made in the
financial statements. The details are as follows:

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FISCAL YEAR 2074/075 (2017/018)

NRs.
OUTSTANDING
SN ASSOCIATES APPROVED LOAN
PRINCIPAL INTEREST TOTAL
1 Sanjen Jalavidhyut Company Ltd. 3,621,600,000 2,010,000,000 593,737,350 2,603,737,350
2 Madhya Bhotekoshi Jalavidhyut Company Ltd. 6,141,650,000 2,731,080,000 616,825,410 3,347,905,410
3 Rasuwagadhi Hydropower Company Ltd. 6,842,100,000 1,923,200,000 572,368,039 2,495,568,039
Total 16,605,350,000 6,664,280,000 1,782,930,799 8,447,210,799

FISCAL YEAR 2073/074 (2016/017)

NRs.
OUTSTANDING
SN ASSOCIATES APPROVED LOAN
PRINCIPAL INTEREST TOTAL
1 Sanjen Jalavidhyut Company Ltd. 3,621,600,000 2,010,000,000 58,478,900 2,068,478,900
2 Madhya Bhotekoshi Jalavidhyut Company Ltd. 6,141,650,000 1,681,080,000 298,939,554 1,980,019,554
3 Rasuwagadhi Hydropower Company Ltd. 6,842,100,000 120,000,000 346,184,985 1,546,184,985
Total 16,605,350,000 3,811,080,000 703,603,439 5,594,683,439

FISCAL YEAR 2072/073 (2015/016)

NRs.
OUTSTANDING
SN ASSOCIATES APPROVED LOAN
PRINCIPAL INTEREST TOTAL
1 Sanjen Jalavidhyut Company Ltd. 3,621,600,000 1,010,000,000 153,658,910 1,163,685,910
2 Madhya Bhotekoshi Jalavidhyut Company Ltd. 6,141,650,000 460,000,000 199,553,027 659,553,027
3 Rasuwagadhi Hydropower Company Ltd. 6,842,100,000 520,000,000 227,151,334 747,151,334
Total 16,605,350,000 1,990,000,000 580,363,271 2,570,390,271

All of the items of Property, Plant and Equipment of the
Company at project site of respective Hydroelectric Projects
have been mortgaged as a secured against these guarantees.
Himalayan Bank Limited
CJCL has given the corporate guarantee to Himalayan Bank
Ltd. against Letter of Credit facility to Sanjen Jalavidhyut
Company Ltd. amounting to NRs 1,034,820,993 (USD
9,641,488.8 @ 107.33 as on reporting date).

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Abridge Finincial Statements

of Chillime Jalavidhyut Company Limited
(Individual)
for Fiscal Year 2074/2075 (2017/2018)

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Company Limited FY 2074/075 (2017/2018)

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Company Limited FY 2074/075 (2017/2018)

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Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

Statement of Financial Position

As at 32 Asadh 2075 (16 July 2018)
NRs.
FY 32.03.2075 FY 31.03.2074
ASSETS NOTES
(16.07.2018) (15.07.2017)
Non Current Assets
Property, Plant and Equipment 1 1,884,526,148 1,926,953,928
Capital Work in Progress 1 61,236,954 5,593,702
Investment in Subsidiaries 2 5,924,502,483 5,745,266,088
Total Non Current Assets 7,870,265,585 7,677,813,718
Current Assets
Inventory 3 161,887,491 175,415,825
Prepayments 4 1,830,547 2,231,333
Advances, Deposits and Other Receivables 5.1.1 67,508,786 112,882,154
Trade Receivables 5.1.2 129,460,545 122,069,450
Investment in Term Deposits 5.1.3 760,774,120 380,139,080
Cash and Cash Equivalents 5.1.4 166,322,521 153,851,185
Total Current Assets 1,287,784,010 946,589,027
Total Assets 9,158,049,596 8,624,402,745
Equity and Liabilities
Equity
Share Capital 6 3,965,113,152 3,447,924,480
Retained Earnings 7 4,958,306,563 4,906,214,375
Total Equity 8,923,419,715 8,354,138,855
Non Current Liabilities
Defined Benefit Obligation 8.2.3 56,614,285 53,955,670
Deferred Tax Liabilities 9 122,646,574 123,384,419
Total Non Current Liabilities 179,260,859 177,340,089
Current Liabilities
Provisions 10 40,241,046 35,401,716
Trade and Other Payables 5.2.1 15,127,975 57,522,085
Total Current Liabilities 55,369,021 92,923,801
Total Equity and Liabilities 9,158,049,596 8,624,402,745
As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman

___________________
________________ ___________________ __________________ ______________________ Pratap P. Pradhan
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina Principal
PP Pradhan & Co.
Member Member Member Member
Chartered Accountants

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

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Statement of Profit or Loss and Other Comprehensive Income

For the year ended 32 Asadh 2075 (16 July 2018)
NRs.
FY 2074/075 FY 2073/074
PARTICULARS NOTES
(2017/018) (2016/017)
Income
Revenue from Sale of Electricity 11 1,138,432,864 1,196,889,744
Expenses
Hydro Electric Plant Operating Expenses 12 (125,334,131) (131,807,862)
Administrative Expenses 13 (59,034,606) (73,530,499)
Depreciation 1 (69,650,373) (69,907,102)
Operating Profit/ (Loss) 884,413,753 921,644,281
Finance Income 14 68,444,188 39,349,972
Other Income 15 3,558,983 4,245,996
Assets Written Off 1 - (1,858,312)
Profit / (Loss) before Tax and Bonus 956,416,924 963,381,936
Employee Bonus (18,753,273) (18,889,842)
Profit/ (Loss) before Tax 937,663,651 944,492,095
Less: Tax
Current Tax (18,000,793) (10,898,992)
Priaor Period Tax (FY 2060.61 & 2061.62) (12,950,121) -
Deferred Tax Income (Expense) 9 2,062,390 431,600
Net Profit/ (Loss) for the Year 908,775,127 934,024,703
Earnings Per Share
Basic 16 22.92 27.09
Diluted 16 N/A * 23.56
Other Comprehensive Income:
Actuarial Gain (Loss) on remeasurement of defined benefit plans 6,622,726 3,871,280
Income Tax relating to items that will not be reclassified (1,324,545) (774,256)
Other Comprehensive Income for the Year 5,298,181 3,097,024
Total Profit / (Loss) and Other Comprehensive Income 914,073,308 937,121,726
As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman

___________________
________________ ___________________ __________________ ______________________ Pratap P. Pradhan
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina Principal
PP Pradhan & Co.
Member Member Member Member
Chartered Accountants

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

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Statement of Cash Flows

For the year ended 32 Asadh 2075 (16 July 2018)
NRs.
FY 2074/075 FY 2073/074
PARTICULARS
(2017/018) (2016/017)
Cash Flow from Operating Activities
Profit before Interest and Tax 937,663,651 944,492,095
Adjustments
Depreciation 69,650,373 69,907,102
Income from Investment and Bank Deposit (68,444,188) (39,349,972)
Assets Written off - 1,858,312
Gain on Sale of Assets - (1,805,000)
Stock Written Off - 1,335,933
Employee Gratuity, Leave and Welfare Provisions 9,281,342 8,470,380
Bad Debt - 19,933,200
Employee Bonus in Statement of Profit and Loss 18,753,273 18,889,842
Movements in Working Capital
Decrease/(Increase) in Inventory 13,528,334 3,115,502
(Increase)/Decrease in Prepayments 400,786 160,467
(Increase)/Decrease in Advances, Deposits and Other Receivables 45,373,368 (47,764,307)
(Increase)/Decrease in Trade Receivables (7,391,095) (3,380,001)
(Increase)/Decrease in Term Investments (380,635,040) 19,860,920
Increase/(Decrease) in Provisions (18,675,014) (14,057,237)
Increase/(Decrease) in Current Liabilities (42,394,110) 3,019,821
Employee Bonus Paid (18,889,842) (19,263,846)
Gratuity and Leave Paid - (481,020)
Income Tax Paid (7,300,000) (4,000,000)
Total Adjustments (386,741,814) 16,450,096
Net Cash flow from Operating Activities (A) 550,921,837 960,942,190
Cash Flow from Investing Activities
Acquisition of Property, Plant and Equipment (27,222,594) (11,849,623)
Proceeds from Sale of Asset - 1,805,000
Decrease/ (Increase) in Capital Work in Progress (55,643,252) (5,593,702)
Decrease/ (Increase) in Investment (179,236,395) (757,034,388)
Income from Investment and Bank Deposit 68,444,188 39,349,972
Net Cash Flow from Investing Activities (B) (193,658,053) (733,322,741)
Cash Flow from Financing Activities
Dividend Paid (344,792,448) (313,447,680)
Net Cash Flow from Financing Activities ( C ) (344,792,448) (313,447,680)
Net Increase in Cash (A+B+C) 12,471,336 (85,828,230)
Cash at Beginning of the Year 153,851,185 239,679,417
Cash at the End of the Fiscal Year 166,322,521 153,851,187
As per our report of even date

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Statement of Changes in Equity

For the year ended 32 Asadh 2075 (16 July 2018)
NRs.
PARTICULARS SHARE CAPITAL RETAINED EARNING TOTAL
Opening Balance as on 1 Shrawan 2074 (16 July 2017) 3,447,924,480 4,906,214,375 8,354,138,855
Bonus Share for FY 2073/74 capitalized in FY 2074/75 517,188,672 (517,188,672) -
Dividend for FY 2073/74 paid in FY 2074/75 - (344,792,448) (344,792,448)
Net Profit after Tax - 914,073,308 914,073,308
Closing Balance as on 32 Asadh 2075 (16 July 2018) 3,965,113,152 4,958,306,563 8,923,419,715

Statement of Changes in Equity

For the year ended 31 Asadh 2074 (15 July 2017)
NRs.
PARTICULARS SHARE CAPITAL RETAINED EARNING TOTAL
Opening Balance as on 1 Shrawan 2073 (17 July 2016) 3,134,476,800 4,595,988,009 7,730,464,809
Bonus Share for FY 2072/73 capitalized in FY 2073/74 313,447,680 (313,447,680) -
Dividend for FY 2072/73 paid in FY 2073/74 - (313,447,680) (313,447,680)
Net Profit after Tax - 937,121,726 937,121,726
Closing Balance as on 31 Asadh 2074 (15 July 2017) 3,447,924,480 4,906,214,375 8,354,138,855
As per our report of even date

___________________ ___________________ ___________________ ___________________

Hara Raj Neupane Shanti Laxmi Shakya Lekhanath Koirala Kul Man Ghising
Member Member Member Chairman

___________________
________________ ___________________ __________________ ______________________ Pratap P. Pradhan
Manoj Silwal Tulasi Ram Dhakal Ram Prasad Rimal Bhim Prasad Timalsina Principal
Member Member Member Member PP Pradhan & Co.
Chartered Accountants

_______________________ _______________________ ____________________

Narayan Prasad Acharya Madhav Prasad Koirala Parsado Tamang
Chief Finance Officer Chief Executive Officer Member

Date: 2075/08/26
Place: Dhumbarahi-4, Kathmandu

71
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Company Limited FY 2074/075 (2017/2018)

NOTE 1
Work in progress NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Corporate Building Study 5,593,702 5,593,702
2 Budhigandaki Pork Hydroelectric Project (420 MW) 19,643,252 -
3 Budhigandaki Syar Hydroelectric Project (60 MW) 16,000,000 -
4 Seti Nadi Hydroelectic Project (165 MW) 20,000,000 -
Total 61,236,954 5,593,702

NOTE 1.2
Depreciation (Please Refere Group Report Page No 40 & 41, Note No. 1.2)

NOTE 2
Investment in Subsidaries NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
Non Current Investments
1 Sanjen Hydropower Co.Ltd 1,436,644,900 1,436,644,900
2 Madhya Bhotekoshi Hydropower Co. Ltd 2,220,000,000 2,100,000,000
3 Rasuwagadhi Hydropower Co. Ltd 2,243,731,000 2,192,500,000
4 Chilime Engineering and Services Co.Ltd. 24,126,583 16,121,188
Total 5,924,502,483 5,745,266,088

NOTE 3
Inventory NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Miscellaneous Store-Central Office 14,888 29,268
2 Store, spare parts and loose tools 161,872,603 176,722,490
3 less: Written off - (1,335,933)
Total 161,887,491 175,415,825

NOTE 4
Prepayments
NRs.
32.03.2075 31.03.2074
S/N PREPAYMENTS
(16.07.2018) (15.07.2017)
1 Insurance 1,830,547 2,231,333
Total 1,830,547 2,231,333

72
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

NOTE 5.1.1
Advances, Deposits and Other Receivables NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Advances
1.1 Employee Loan/Advances 286,444 150,295
1.2 NEA Unit Current - 236,364
1.3 Chilime Jalbidhyut Sarokar - 2,500,000
1.4 Advance Tax 17,758,535 14,169,647
1.5 Andtitiz Hydro 31,950 31,950
1.6 Other Advances 337,371 348,550
Sub-total 18,414,300 17,436,806

2 Deposits
2.1 Other Deposit 25,036 -
2.2 DOED (Budhigandaki Prok, Hydroelectric Project) - 10,000,000
2.3 DOED (Budhigandaki Syar Hydroelectric Project) - 10,000,000
2.4 DOED ((Dudkoshi-5, Hydroelectric Project - 12,000,000
2.5 DOED (Dudkoshi-4, Hydroelectric Project) - 12,000,000
2.6 DOED (Setinadi, Hydroelectric Project) - 20,000,000
2.7 DEOD Budhigandaki "A" Hydroelectric Project 130 MW 20,000,000 -
2.8 Deposit for tax appeal 21,717,410 30,553,347
2.9 Rasuwa District Office 753,800 753,800
2.10 Other Receivables 112,771 8,750
Sub-total 42,609,016 95,315,896

3 Other Receivables
3.1 Other - -
3.2 Receivables From Associates 2,160,639 -
3.3 NEA Unit Current A/c (Net) 277,259 -
3.4 Bank interest receivable 4,047,572 129,452
Sub-total 6,485,470 129,452
Grand Total 67,508,786 112,882,154

NOTE 5.1.2
Trade Receivables NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Opening Balance: 122,069,450 138,622,649
2 Sales for the Year 1,138,432,864 1,196,889,744
3 Total Receivable of this FY 1,260,502,314 1,335,512,393
4 Collection in this Fiscal year (1,131,041,769) (1,193,509,743)
5 Less: Outage Written Off (FY 70/71 & FY 71/72) - (10,785,600)
6 Less: Excess Written Off (Kartik 2071) - (9,147,600)
Total 129,460,545 122,069,450

73
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

NOTE 5.1.3
Investment in Term Deposits NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Citizens Bank International Ltd. 100,000,000 100,000,000
2 Laxmi Bank Ltd 20,000,000 20,000,000
3 Nepal SBI Bank Ltd. 100,000,000 200,000,000
4 Prime Bank Ltd. 50,000,000 50,000,000
5 NMB Bank Ltd 10,774,120 10,139,080
6 Century Bank Ltd 100,000,000 -
7 Everest Bank Ltd 80,000,000 -
8 Global IME Bank Ltd 50,000,000 -
9 Himalayan Bank Ltd 150,000,000 -
10 Muktinath Bikash Bank Ltd. 100,000,000 -
Sub-total 760,774,120 380,139,080

NOTE 5.1.4
Balance With Banks NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Everest Bank Ltd 405,221 471,287
2 Himalayan Bank Limited 6,134,570 4,698,797
3 Janata Bank Ltd (Dividend) 66,103 66,103
4 Janata Bank Ltd 450,434 450,265
5 Jyoti Bikash Bank 9,243,920 2,800,631
6 Mega Bank Ltd 917,815 3,025,134
7 Nabil Bank Ltd 119,073 119,073
8 Nepal SBI Bank Ltd 7,273,528 5,426,258
9 NMB Bank Ltd 358,434 145,014
10 NMB Bank Ltd 358,291 349,273
11 Siddhartha Bank Ltd 135,289,742 131,035,888
12 Muktinath Bikas Bank Ltd 5,581,686 -
13 Standard Chartered Bank Ltd - 83,807
14 Nepal Bank Ltd 123,703 5,179,656
Total 166,322,521 153,851,185

NOTE 5.2.1
Trade and Other Payables NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Nepal Hydro and Electric Ltd 1,147,984 1,147,984
2 Retention Money 4,435,881 2,727,768
3 NEA Unit Current Account 532,832 391,765
4 Income Tax 1,740,019 45,270,301
5 CNC Pvt. Ltd 597,770 -
6 DOED (Royalty) 5,078,674 5,065,784
7 Other Liabilities 1,594,816 2,918,483
Total 15,127,975 57,522,085

74
 Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

NOTE 6
Share Capital NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Authorized Capital
2 40000000 Shares @ RS 100 each 4,000,000,000 3,500,000,000
3 Issued Capital
4 39700000 Shares @ Rs 100 each 3,970,000,000 3,470,000,000
5 Paid Up Capital 3,965,113,152 3,447,924,480
6 39651131 Shares @ Rs 100 each
Total 3,965,113,152 3,447,924,480

NOTE 7
Retained Earning NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Opening Balance 4,906,214,375 4,595,988,009
2 Amended Assessment Tax Settlement - -
3 Opening Balance (Restated) 4,906,214,375 4,595,988,009
4 Distribution of bonus share (517,188,672) (313,447,680)
5 Dividend (344,792,448) (313,447,680)
6 Net Profit After Tax 914,073,308 937,121,726
Closing Balance 4,958,306,563 4,906,214,375

NOTE 8.2.3
Defined Benefit Obligation NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Employee Leave Benefits (Note 8.1) 11,771,476 11,196,674
2 Employee Gratuity Benefit (Note 8.1) 44,842,809 42,758,996
Total 56,614,285 53,955,670

NOTE 9.2
Deferred Tax Liabilities NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Taxable/(Deductible) Temporary Difference 613,232,872 4,595,988,009
2 Tax Rate 20% 20%
3 Closing Deferred Tax (Assets)/ Liabilities 122,646,574 123,384,419
4 Less: Opening Deferred Tax (Assets) / Liabilities 123,384,419 123,041,763
5 Deferred Tax Expense/ (Income) (737,845) 342,656
6 To SoPL (2,062,390) (431,600)
To OCI 1,324,545 774,257

75
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

NOTE 10
Provisions NRs.
32.03.2075 31.03.2074
S/N PARTICULARS
(16.07.2018) (15.07.2017)
1 Current Tax Liability 18,000,793 10,898,992
2 Employee Welfare 3,486,981 5,612,883
3 Employee Bonus 18,753,273 18,889,842
Total 40,241,046 35,401,716

NOTE 11
Revenue from sale of electricity NRs.
FY 2074/075 (2017/018) 2073/074 (2016/017)
S/N ENERGY SALE AND PURCHASE ELECTRICITY RATE PER ELECTRICITY RATE PER
REVENUE REVENUE
SALEINUNITS UNIT NRS. SALEINUNITS UNIT NRS.
1 Energy Sale
2 Regular Energy 130,807,007 8.17 1,068,693,250 132,758,000 8.17 1,084,632,860
3 Excess Energy 17,093,042 4.08 69,739,614 27,513,942 4.08 112,256,884
Net Sale of Electricity 147,900,050 1,138,432,864 160,271,942 1,196,889,744

NOTE 12
Hydroelectric Plant Operating Expense (Please Refere Group Report Page No
56 & 57, Note No. 12)

NOTE 13
Administrative Expense (Please Refere Group Report Page No 58, Note No. 13)

NOTE 14
Finance Income NRs.
FY 2074/075 FY 2073/074
S/N PARTICULARS
(2017/018) (2016/017)
1 Bank interest 68,444,188 39,349,972

NOTE 15
Other Income NRs.
FY 2074/075 FY 2073/074
S/N PARTICULARS
(2017/018) (2016/017)
1 Land Lease 1,724,869 1,478,923
2 Other Income 1,834,114 2,767,073
Total 3,558,983 4,245,996

76
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77
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

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 PROJECT LOCATIONS
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Chilime hnljB'
Limited
Jalavidhyut

LEGEND
t jflif{

SETI NADI-3 HEP

(165 MW)
Annual
8 cf=FYj=2074/075
s k|lReport
tj]bg
@)&$÷)&%

CHUMCHET SYAR KHOLA HEP

(60 MW)

BUDHIGANDAKI PROK HEP SANJEN HYDROELECTRIC

(2017/2018)

(420 MW) PROJECT (42.5 MW)

SANJEN(UPPER) HYDROELECTRIC
PROJECT (14.8 MW)

CHILIME HYDROPOWER PLANT

(22.1 MW)

RASUWAGADHI HYDROELECTRIC
PROJECT (111 MW)

MIDDLE BHOTEKOSHI HEP

(102 MW)

84
CHILIME CORPORATE OFFICE
KATHMANDU

Sri Lanka

Key Plan
 Chilimelrlnd] hnljB'Annual
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85
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86
 Chilime Jalavidhyut
Company Limited

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87
Chilime Jalavidhyut Annual Report
Company Limited FY 2074/075 (2017/2018)

CHILIME JALAVIDHYUT
COMPANY LIMITED

HEAD OFFICE
Dhumbarahi, Kathmandu, Nepal
P.O.Box: 25210
Tel: 977-1- 4370773, 4370793
Fax: 977-1-4370720
Email: chpcl@chillime.com.np
Web: www.chillime.com.np

Site Office
Chillime Hydropower Plant
Syafrubensi, Rasuwa, Nepal
Tel: 01-6202467, 994100004
Fax: 994100005
Email: chpp@chillime.com.np
Web: www.chillime.com.np

ISO 14001:2004

88