Page 94 - Index

Notes
to the Standalone Financial Statements for the year ended 31 March 2022
is to keep the gearing ratio optimum. The trust includes within long term debt, interest bearing loans and borrowings and current maturities of long term debt.
The gearing ratio of the Trust was as follows: -
Particulars
(a) Long term debt (₹ in million)
(b) Total Equity (₹ in million)
(c) Total Equity plus long term debt (₹ in million) (a+b)
(d) Gearing Ratio (a/c)
The Trust’s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current period.
c) The Trust was not declared as a wilful defaulter by any bank or financial Institution or other lender during the financial year.
d) Ratios
As at 31 March 2022
5,755.85
91,973.26
97,729.11
5.89%
Ratio
(a) Current Ratio
(b) Debt-Equity Ratio
(c) Debt Service Coverage Ratio
(d) Return on Equity Ratio
(e) Inventory turnover ratio
(f ) Trade Receivables turnover ratio
(g)
Trade payables turnover ratio
(h) Net capital turnover ratio
(i) Net profit r atio
(j) Return on Capital employed
(k) Return on investment
Numerator
Current Assets
Total Debt
Profit for the period before tax
+ Depreciation and amortization expense + Finance costs + Impairment
Profit for the period after tax
Revenue
from Operations
Revenue
from Operations
Gross Other Expense (–) FERV, Provisions, Loss on disposal of PPE
Revenue
from Operations
Profit for the period after tax
Earnings before interest and taxes
Income from Investment + Capital Appreciation
Denominator Current Year
Current Liabilities
Shareholder’s Equity
Interest & Lease Payments +
Principal Repayments
71.08
0.06
10596.05
Distributions
Particulars
Interim distributions for the year ended 31.03.2022 of ₹ 7.50 per unit (Comprising Taxable Dividend – ₹ 1.68, Exempt Dividend – ₹ 0.80, Interest – ₹ 5.01 and Treasury Income – ₹ 0.01)
₹ in million
Average 0.17 Shareholder’s Equity
Average Inventory -
Average Trade - Receivables (before
deducting provision)
Average Trade - payables
Current Assets - 3.51 Current Liabilities
Revenue 0.80 from Operations
Tangible Net Worth 0.08 + Total Debt +
Deferred Tax Liability
Average Investments NA
As at 31 March 2022
6,824.99
Distribution not recognized at the end of the reporting period:
In addition to above distribution, the Board of Directors of POWERGRID Unchahar Transmission Limited in its capacity as the Investment Manager to POWERGRID Infrastructure Investment Trust (“PGInvIT”) on 26 May 2022 recommended distribution related to last quarter of FY 2021-22 of ₹3.00 per unit.
Being the first year of operation of the InvIT, comparative information for the immediately preceding financial year is not available.
e) The Trust has not received/advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) through Intermediaries during the financial year.
f) The Trust does not have any transaction that was not recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.
g) The Trust has not traded or invested in Crypto currency or Virtual Currency during the financial year.
32.
ADDITIONAL REGULATORY INFORMATION AS PER SCHEDULE III TO THE COMPANIES ACT, 2013
a) The Trust does not hold benami property and no proceeding has been initiated or pending against the Trust for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended) and rules made thereunder as at the end of the financial year.
b) The Trust do not have any transactions with struck off companies.
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Annual Report 2021-22