Commercial Audit Report for
2003-04
SUBJECT |
Reference to |
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Paragraph |
Page(s) |
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Preface |
…
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vii
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ix – xiii |
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OVERVIEW OF GOVERNMENT COMPANIES AND STATUTORY
CORPORATIONS: |
1 |
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Introduction |
1.1 |
1 |
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Working Public Sector Undertakings
(PSUs) |
1.2 –1.8 |
2 – 7 |
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Working Government companies |
1.9-1.10 |
7 – 8 |
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Working Statutory corporations |
1.11 – 1.14 |
8 – 9 |
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Reforms in Power Sector |
1.15– 1.16 |
9 |
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Non-working PSUs |
1.17 – 1.22 |
9 – 12 |
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Status of placement of Separate Audit Reports of
Statutory corporations in Legislature |
1.23 |
13 |
|
Disinvestment, privatisation and restructuring of |
1.24 -1.25 |
13 – 14 |
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Results of audit by Comptroller and Auditor
General of India |
1.26 – 1.38 |
14 – 16 |
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Recoveries at the instance of audit |
1.39 |
16 |
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Internal audit/internal control |
1.40 |
16 – 17 |
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Recommendations for closure of PSUs |
1.41 |
17 |
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Position of discussion of Audit Reports
(Commercial) by the Committee on Public Undertakings (COPU) |
1.42 |
17 – 18 |
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619-B Companies |
1.43 |
18 |
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REVIEWS RELATING
TO GOVERNMENT COMPANIES |
2 |
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1. Fuel (coal) management in thermal power stations - Andhra
Pradesh Power Generation Corporation Limited |
2.1 |
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Highlights |
… |
21 – 22 |
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Introduction |
2.1.1 |
22 |
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Organisational set-up |
2.1.2 |
22 |
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Scope of audit |
2.1.3 –
2.1.4 |
23 |
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Procurement of coal |
2.1.5 –
2.1.16 |
23 – 29 |
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Consumption of coal |
2.1.17 –
2.1.19 |
29 – 31 |
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Transport |
2.1.20 –
2.1.21 |
31 – 32 |
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Conclusion |
… |
32 |
|
2.
Funds management in power sector companies |
2.2 |
|
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Highlights |
… |
33 – 34 |
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Introduction |
2.2.1 |
34 |
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Organisational set-up |
2.2.2 |
34 |
|
Scope of audit |
2.2.3 –
2.2.4 |
35 |
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Sources and utilisation
of funds |
2.2.5 |
35 – 36 |
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Revenue realisation |
2.2.6 –
2.2.9 |
36 – 37 |
|
Borrowings |
2.2.10 –
2.2.17 |
37 – 40 |
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Cash management |
2.2.18 –
2.2.20 |
41 – 42 |
|
Investment of borrowed
funds in short term deposits |
2.2.21 |
42 |
|
Collection and
remittance of revenue |
2.2.22 –
2.2.26 |
42 – 44 |
|
Locking up of funds due
to over-stocking of spares |
2.2.27 –
2.2.30 |
44 – 45 |
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Dues from Government |
2.2.31 –
2.2.33 |
45 – 46 |
|
Miscellaneous |
2.2.34 –
2.2.36 |
46 – 47 |
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Internal control |
2.2.37 |
48 |
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Conclusion |
… |
48 |
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Transaction Audit Observations |
3 |
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Government Companies |
|
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The Singareni Collieries Company Limited |
|
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Loss of interest income due to premature sale of
bonds |
3.1 |
51 – 52 |
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Central Power Distribution Company of Andhra Pradesh Limited |
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|
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Avoidable expenditure on procurement of energy meters |
3.2 |
52 – 53 |
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Northern Power Distribution Company of Andhra Pradesh Limited |
|
|
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Extra expenditure on purchase of three phase meters |
3.3 |
53 – 54 |
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Loss of revenue due to incorrect application of
tariff |
3.4 |
54 – 57 |
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Transmission Corporation of Andhra Pradesh Limited |
|
|
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Purchase of power from
co-generation plants |
3.5 |
57 – 59 |
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Andhra Pradesh
State Housing Corporation Limited |
|
|
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Borrowing for
construction of Individual Sanitary Latrines |
3.6 |
59 – 60 |
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Construction of housing
colony |
3.7 |
60 – 61 |
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Extension of one time
settlement scheme benefit to ineligible beneficiaries |
3.8 |
61 |
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Idle investment on construction of a model block at Bhimavaram |
3.9 |
62 |
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Andhra Pradesh State Film, Television and Theatre Development Corporation Limited |
|
|
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Sale of land to an
entrepreneur at a rate less than the market rate |
3.10 |
63 – 64 |
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Andhra Pradesh Beverages Corporation Limited |
|
|
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Wasteful expenditure on application
software |
3.11 |
64 – 65 |
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Non-recovery of funds |
3.12 |
65 – 66 |
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Andhra Pradesh State Seeds Development Corporation Limited |
|
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Avoidable expenditure on
purchase of packing material |
3.13 |
66 – 67 |
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Andhra Pradesh
State Road Transport Corporation |
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|
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Hiring out of shops/stalls/space in commercial and
bus station complexes |
3.14 |
67 – 70 |
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Andhra Pradesh
State Financial Corporation |
|
|
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Acceptance of
non-existent collateral security |
3.15 |
70 – 71 |
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Doubtful recovery
of a term loan |
3.16 |
72 |
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General
|
|
|
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Implementation of
Voluntary Retirement Scheme |
3.17 |
72 – 75 |
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Extension of financial
support for State sponsored games |
3.18 |
76 |
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Follow up action on
Audit Reports |
3.19 |
77 – 79 |
|
Annexure
|
Statement showing particulars of up-to-date paid-up
capital, budgetary outgo, loans given out of budget and loans outstanding as
on |
1.4,1.5,1.6, |
83 – 90 |
|
Summarised financial results of Government
companies and Statutory corporations for the latest year for which accounts
were finalised |
1.7,1.8,1.9, |
91 – 99 |
|
Statement showing subsidy received, guarantees
received, waiver of dues, loans on which moratorium allowed and loans
converted into equity during the year and subsidy receivable and guarantees
outstanding at the end of 31 March 2004 |
1.6 and 1.12 |
100 – 104 |
|
Statement showing financial position of Statutory
corporations |
1.8 |
105
– 107 |
|
Statement showing working results of Statutory
corporations |
1.8 |
108 – 110 |
|
Statement showing operational performance of
Statutory corporations |
1.13 |
111 – 113 |
|
Statement showing
status of implementation of reform programme against each commitment made in
the MOU |
1.15 |
114 |
|
Statement showing paid-up
capital, investment and summarised working results of 619-B companies as per
their latest finalised accounts |
1.43 |
115 |
|
Statement showing
installed capacity and power generated by the thermal power stations during 1999-2000
to 2003-04 |
2.1.1 |
116 |
|
Statement of excess consumption of coal |
2.1.17 |
117 – 122 |
|
Statement showing
details of demand, collection and balance of power dues in respect of power distribution
companies (DISCOMS). |
2.2.9 |
123 |
|
Statement showing
cause-wise outstanding dues of power distribution companies (DISCOMS) for
2001-02 and 2002-03 |
2.2.9 |
124 |
|
Statement showing
incorrect write off of sundry debtors |
3.4.5 |
125 – 126 |
|
Statement showing
paragraphs/reviews for which explanatory notes were not received (as on 30
September 2004) |
3.19.1 |
127 |
|
Statement
showing Department-wise break-up of outstanding Inspection Reports (IRs) |
3.19.3 |
128 |
|
Statement showing the
department-wise draft paragraphs/reviews to which replies are awaited |
3.19.3 |
129 |
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GLOSSARY |
… |
130 – 132 |