पंचकन्या माई हाइड्रोपावरको चौथो त्रैमासिक वित्तीय विवरणPanchakanya Mai Hydropower Q4 Unaudited Financial Report

Panchakanya Mai Hydropower Limited

Unaudited Financial Reports (Quarterly)

As at 4th Quarter (2083.03.32) of the Fiscal Year 2082/83

Particulars	This Quarter Ending as on 32.03.2083	Previous Quarter Ending as on 30.12.2082 Corrosponding	Previous Year Quarter Ending as on 32.03.2082
Assets
Non Current Assets
Intangible Assets	2,384,349,407	2,411,712,459	2,497,710,435
Property Plant & Equipment-Other	3,783,217	4,037,930	4,529,569

2,388,132,624 2,415,750,389 2,502,240,005

Current Assets
Commercial & Other Receivables	47,645,027	39,750,047	114,722,917
Cash & Bank	5,510,619	5,427,446	4,070,995
Advance & Deposits	15,572,011	25,905,794	9,045,152
Inventory	27,488,648	28,644,110	29,328,716

96,216,305 99,727,397 157,167,779

Total Assets	2,484,348,929	2,515,477,786	2,659,407,783
Equity & Liabilities
Equity
Share Capital	1,100,000,000	1,100,000,000	1,100,000,000
Reserve & Surplus	(182,682,344)	(167,222,846)	(251,006,419)

917,317,656 932,777,154 848,993,581

Other Funds & Liabilities
Deferred Income	17,167,747	17,544,961	18,676,601
Secured Loan	1,244,813,261	1,076,096,791	1,197,045,427
Unsecured Loan	163,500,000	363,500,000	378,500,000

1,425,481,008 1,457,141,752 1,594,222,028

Current Liabilities & Provisions
Commercial & Other Payables	136,053,282	125,448,343	172,192,175
Short Term Loan	4,000,000	-	44,000,000
Provisions	1,496,983	110,537	0

141,550,265 125,558,880 216,192,175

Total Liabilities	2,484,348,929	2,515,477,786	2,659,407,783
Particulars This Quarter Ending Ashadh End	2083	2082	2082

Operating Income

Electricity Sale to NEA - UMHEP 202,596,463 175,865,427 170,708,699

Electricity Sale to NEA - UMCHEP 144,547,900 115,759,298 122,419,545

Total Operating Income 347,144,364 291,624,725 293,128,244

Operating Expenses

Power Plant Expenses - UMHEP 34,133,828 23,913,360 28,459,766

Power Plant Expenses - UMCHEP 17,134,735 13,284,667 16,742,952

Total Operating Expenses	51,268,563	37,198,027	45,202,718
Gross Operating Profit	295,875,801	254,426,699	247,925,526
Administrative and Other Expenses
Employee Expenses	4,069,743	3,021,208	4,961,360
Administrative Expenses	5,541,150	4,547,052	2,692,641
Interest on Loan	101,130,324	76,928,482	135,608,567
Depreciation	118,350,698	88,695,806	118,210,777
Loss on Insurance Claim	-	-	56,537,174
Total Administrative & Other Expenses	229,091,915	173,192,548	318,010,518
Income from Other Sources
Other Income	1,508,854	1,131,641	1,523,854
Total Income From Other Sources	1,508,854	1,131,641	1,523,854
Profit (Loss) before Employees Bonus and Tax	68,292,739	82,365,791	(68,561,139)
Provision for Employee's Bonus	1,339,073	-	-
Provision for Corporate Tax	157,910	110,537	-
Net Profit (Loss) after Tax	66,795,756	82,255,254	(68,561,139)
Profit brought forward from last Year	(249,478,100)	(249,478,100)	(182,445,280)
Balance Transferred to Balance Sheet	(182,682,344)	(167,222,846)	(251,006,419)

FOURTH QUARTER DISCLOSURE AS OF 2083.03.32

AS PER SECURITIES REGISTRATION AND ISSUANCE REGULATION

ANNEXURE-14 (RELATED TO SUB REGULATION 1 OF REGULATION 26)

1. Financial Statements

• The unaudited financial statements for fourth quarter have been published along with this report.

• Major Financial Highlights
Earnings Per Share (EPS) Annualized	6.07	83.39
Current Ratio	0.68	315.80

• Management Analysis

- The Upper Mai Power Plant has been shut down from Baishakh 07, 2083 to Ashadh 08, 2083, due to an issue with the manhole at tunnel outlet and maintenance of the penstock pipe.

- Sales revenue increased by 18.43% compared to corresponding quarter of the previous year.

- Total operating expenses increased by 13.42% compared to corresponding quarter of the previous year.

- Employee expenses decreased by 17.97% while administrative expenses increased by 105.79%.

- Due to a drop in interest rates, total interest expenses decreased by 25.42%.

- The net profit increased, reaching a total of Rs. 6,67,95,756.

2. Legal Proceedings

• During the period there were no legal cases against the company and from the company.

3. Analysis of Company's Share Transaction

• PMHPL shares were actively traded during fourth quarter.

• The major highlights of share transactions during the quarter are as follows:

Maximum Price NPR.	370.0	304.0	315.8
No. of Transaction Day	64	5,06,804	17,25,80,900

4. Problems & Challenges

Internal Risk

• Retention of skilled human resources.

• To maintain the operational efficiency.

• To manage the fund for bank installment during dry season.

External Risk

• Lack of political commitment in development of hydroelectric projects.

• Fluctuation of water flow.

• Possibility of flood in monsoon season in the rivers at power-plant locations.

• Loss due to natural disaster – Earthquake, Landslide etc.

5. Corporate Governance

Board of Directors, Audit Committee, other Committees and Management Team are committed for strengthening good corporate governance within the company. The company has written manuals, policies, rules & regulations for proper functioning the company.

6. Declaration

I the Director of this Company, take the responsibility of accuracy of the information and details mentioned in this report for the period up to fourth quarter of FY 2082/83, hereby declare that the information and details provided in this report are true, based on facts, and complete to the best of my knowledge.