Page 131 - Index

02-40 CORPORATE OVERVIEW 41-59 STATUTORY REPORTS 60-147 FINANCIAL STATEMENTS Consolidated
Notes
to the Consolidated Financial Statements for the year ended 31 March 2022
Retained Earnings Particulars
Balance at the beginning of the year Add: Additions
Net Profit for the period
Transfer from Self Insurance Reserve Other adjustment
Less: Appropriations
Self Insurance Reserve Distribution during the year
Balance at the end of the year
₹ in million
As at 31 March 2022
-
5,068.42
0.60
362.76
5431.78
0.60
6,824.99
6,825.59
(1,393.81)
Retained earnings are the profits earned till date, less any transfers to general reserve, dividends or other distributions paid to unit holders.
NOTE 16/ BORROWINGS
Particulars
Secured Indian Rupee Loan from Banks
Term loan from HDFC Bank Ltd. Less: Current maturities
Less: Unamortised transaction cost
Total
Further Notes:
₹ in million
As at 31 March 2022
-
5,755.85
28.78
5,727.07
6.79
5,720.28
The term loan is secured by (i) first pari passu charge on entire current assets including loans and advances, any receivables accrued/realized from those loans and advances extended by the Trust to its subsidiaries (direct or indirect) including loans to all project SPVs and future SPVs; (ii) First pari-passu charge on Escrow account of the Trust and (iii) First and exclusive charge on Debt Service Reserve Account.
Interest rate on term loan from bank is 3 months T-Bill rate plus spread of 194 basis points. The Loan is repayable in 64 quarterly installments of varying amounts commencing from 30 June 2022.
There have been no breaches in the financial covenants with respect to borrowings.
There has been no default in repayment of loans or payment of interest thereon as at the end of the year.
POWERGRID Infrastructure Investment Trust 129