Nepal Electricity Authority

Statement of Financial Position

Particulars 2020* 2019 2018 2017 2016 2015 2014 2013 2012 2011
Assets
Non Current Assets
Property, Plant and Equipment 155,977 125,977 112,985 90,341 88,521 86,439 84,239 83,873 85,461 84,725
Capital WIP 124,474 104,841 77,607 80,272 66,684 58,052 46,994 39,843 29,905 22,832
Investment in Subsidaries & Associates 47,708 45,049 37,793 33,741 21,755 17,551 12,288 6,808 5,049 4,855
Loans and Advances measured at Amortised 1,596 1,579 1,132 663 651 625 657 605 622 606
Cost **
Total Non Current Assets 329,755 277,446 229,517 205,018 177,611 162,667 144,178 131,129 121,037 113,019
Current Assets
Inventories 9,953 9,483 7,544 4,218 3,376 3,170 2,859 3,043 3,034 2,503
Trade and other receivables 31,121 18,854 15,951 13,955 11,187 9,927 9,016 7,930 6,693 6,871
Prepaid, Advances and Deposits 4,173 2,699 3,507 3,700 3,153 3,158 2,988 2,696 3,601 2,371
Cash and Cash Equivalents 27,825 38,877 34,495 24,824 15,362 10,622 6,122 4,715 2,697 2,017
Current Tax Assets 2,673 2,412 1,909 1,611 - - - - - -

FINANCE DIRECTORATE
Total Current Assets 75,745 72,324 63,405 48,309 33,078 26,877 20,984 18,384 16,025 13,762
Total Assets 405,500 349,770 292,922 253,326 210,689 189,544 165,162 149,513 137,062 126,780
Liabilities
Non Current Liabilites
Long Term borrowings 155,549 123,759 109,550 100,063 111,304 98,253 82,692 75,035 68,909 62,632
Nepal Electricity Authority I

Deferred tax Liabilities 2,244 2,244 2,040 2,598 693 693 693 693 693 693
Employees Retirement Provisions 32,302 28,802 25,945 23,426 21,359 19,309 17,259 13,717 11,561 7,467
Total Non Current Liabilites 190,095 154,805 137,535 126,087 133,356 118,256 100,644 89,445 81,164 70,792
Current Liabilties
Trade and other liabilities 46,839 56,823 59,292 54,484 51,324 45,743 37,637 33,019 29,137 27,826
Short term Borrowings** 14,247 12,244 10,711 10,619 - - 700 1,200 3,500 790

I
Total Current Liabilites 61,086 69,067 70,003 65,102 51,324 45,743 38,337 34,219 32,637 28,616
Total Liabilities 251,181 223,872 207,538 191,189 184,681 163,999 138,982 123,665 113,801 99,408

FISCAL YEAR 2019/2020

Equity
Share Capital 139,541 128,441 102,438 82,411 58,528 49,275 44,511 37,365 31,422 25,695
Retained Earnings *** 4,866 (12,234) (25,301) (28,424) (34,608) (25,751) (20,239) (13,238) (9,867) -
Other reserves 9,911 9,691 8,247 8,150 2,089 2,022 1,909 1,721 1,706 1,678
Total equity 154,319 125,898 85,384 62,137 26,009 25,546 26,181 25,848 23,262 27,372
Total Equity and Liabilites 405,500 349,770 292,922 253,326 210,689 189,544 165,162 149,513 137,062 126,780
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* Provisional Figures (Subject to audit)

**Presented as per NFRS adjustments since 2017.
*** Year 2020 Includes Trunk & Dedicated line bill amount Rs 6,044 million of previous years.
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Nepal Electricity Authority

A YEAR IN REVIEW
Statement of Profit or Loss
I

Particulars 2020* 2019 2018 2017 2016 2015 2014 2013 2012 2011
Nepal Electricity Authority

Sales Revenue 68,534 66,613 55,358 46,796 31,824 30,169 28,206 25,355 20,089 17,947
Less: Cost of Sales
Power Purchase Cost- IPPs (21,608) (15,942) (14,270) (12,281) (8,278) (8,462) (8,977) (7,891) (6,938) (6,092)
Power Purchase Cost- India (13,589) (22,954) (19,861) (16,052) (14,054) (10,748) (8,065) (5,681) (5,010) (4,401)

I
Other Cost of Sales (15,094) (13,238) (12,635) (11,296) (8,982) (8,198) (7,869) (7,040) (6,196) (5,135)

FISCAL YEAR 2019/2020

Total Cost of Sales (50,291) (52,134) (46,766) (39,629) (31,314) (27,408) (24,911) (20,612) (18,144) (15,628)
Gross Profit 18,243 14,479 8,592 7,167 510 2,761 3,294 4,742 1,944 2,319

Other Income 5,226 4,660 3,186 2,471 1,792 1,995 1,610 1,539 1,373 978
Personnel Expenses Including retirement benefits (5,899) (4,944) (4,215) (3,374) (3,039) (3,189) (4,579) (3,198) (4,890) (2,507)
General Administration Expenses (308) (270) (219) (237) (144) (134) (150) (163) (163) (195)
Depreciation and Amortisation Expenses (5,000) (4,852) (4,210) (3,755) (3,554) (3,471) (3,297) (3,229) (3,176) (3,031)
Other Operating Expenses (72) (57) (87) (67) (52) (58) (48) (34) (24) (47)
Operating Profit 12,190 9,016 3,046 2,205 (4,487) (2,097) (3,170) (343) (4,936) (2,483)
Finance Income 4,040 4,934 3,522 2,436 1,458 1,122 547 330 323 405
Finance cost (4,738) (3,985) (3,283) (3,546) (5,080) (4,670) (4,235) (4,040) (3,885) (3,594)
Other gains/(losses)/Forex (436) (9) (278) 411 (746) 523 53 652 (897) (85)
Impairment (Charge)/ Reversal - (172) (30) - - - - - - -
Other Non-operating expenses - (11) (31) (3) (34) (8) (3) (5) (552) (331)
Share of profit from investment in JV/Associates - 68 29 - - - - - - -
Profit before income tax 11,056 9,840 2,975 1,502 (8,890) (5,130) (6,808) (3,405) (9,948) (6,089)
Income Tax expense - (36) (79) - - - - - - -
Deferred Tax (Charge)/Reversal - 9 543 - - - - - - -
Profit for the period 11,056 9,812 3,439 1,502 (8,890) (5,130) (6,808) (3,405) (9,948) (6,089)
* Provisional Figures (subject to Audit)