| (Section 30(1) & 32) |
| Form of Rate of Return – Interim/Final |
| Particulars in respect of financial year ended ...................................... |
| (All amounts to be expressed in Eastern Caribbean currency and given to nearest dollar.) |
| A.: | Calculation of net income, using amounts derived from the financial statements for the year under review, as follows |
| 1) | Revenue in respect of | EC$ | EC$ |
| | (a) | Energy sales | 1(a) | |
| | (b) | Revenue derived from or connected with any operating expense or asset included in item 2 below (including, without limitation, increase/decrease in provision for unbilled sales) | 1(b) | |
| | (c) | Fuel surcharge after deducting excess fuel costs over base cost | 1(c) | |
| | | | | 1(a)+1(b) +1(c) =I |
| 2) | Operating Costs in respect of | | |
| | (a) | Diesel generation | 2(a) | |
| | (b) | Transmission and distribution | 2(b) | |
| | (c) | Consumer services | 2(c) | |
| | (d) | Administrative expenses | 2(d) | |
| | (e) | Directors expenses | 2(e) | |
| | (f) | Maintenance expenses | 2(f) | |
| | (g) | Expenses derived from or connected with any operating income or asset not included in 2(a) to 2(f) above | 2(g) | |
| | (h) | Interest on moneys borrowed and all interest on consumer deposits | 2(h) | |
| | (i) | Any tax or imposition of any kind imposed by Government or any authority | 2(i) | |
| Sub-total | 2(j) | |
| Less: Depreciation charges included in any of 2(a) to (i) above | 2(k) | |
| | 2(j)–2(k) = II |
| 3) | Sub-total (being I minus II) | III | |
| 4) | Total depreciation charges calculated on historical cost basis of the Company's fixed assets, less amortization of consumer contributions |
IV | |
| 5) | Realised gains or losses incurred on the repayment of foreign currency loan principal |
V | |
| 6) | Operating Income (being III minus IV plus or minus V) | VI | |