FINANCIAL STATUS

                  The main source of finance for Kerala Water Authority are grants and loans from Government of Kerala, Grants from Govt. of India, loans from Hudco and LIC and Water charges collected from consumers and local bodies. The assistance towards projects financed by Government of Nehterlands, Denmark and World Bank are received through the plan budget of Government of Kerala. The assistance from Government of Kerala are in the form of loans and grants. The assistance towards Centrally Sponsored Accelerated Rural Water Supply Schemes, assistance towards 50% / 75% Centrally Sponsored Technology Mission Schemes and other schemes approved by  RGNDWM are received as grant from Government of India.    

              The accumulated excess of expenditure over the income (as on 31-3-06) since its formation was Rs. 1292.00 crores. There have been substantial improvements in  revenue collections since the Authority was formed, but the astronomical increase in expenditure had over shadowed the performance. The following chart gives the picture of income and expenditure of the Authority for the last five years.  

Text Box: Financial Position of KWA

 

 

Text Box: (in Crores) A. Liabilities      31-3-02    31-3-03    31.3.04    31.3.05    31.3.06 Capital employed 1719        1821        1966        2106        2237 Loans                 1436        1642        1779        1861        2073 Other liabilities      186          173          264         367          457 Total                  3341        3636        4009        4334        4767

 

 

 

Text Box: B. Assets Fixed assets       1900         1992        2149        2299        2458 Investment ----                        2             4              6           10 Current assets      609           630         746          832        1007 Accumulated loss 832          1012       1110        1197        1292 Total                 3341          3636       4009        4334        4767

 

 

 

 

 

Text Box: Financial performance - (Rs Crores)

 

 

Fixed Assets of  KWA is Rs. 2458 Crores