The Annual Report of HAL for year 2013-14 has details about the value of ALH to be ferried out. Now, considering that average cost of a Dhruv helicopter is INR 40 Crores (which itself is pretty old estimate), the number of Dhruv manufactured and supplied by HAL in the years mentioned can be computed:
Year - Value of ALH to be ferried out (INR Lakh) - No of units (@INR 40 Crore/unit)
2012-13 - 82,012 - 21
2013-14 - 100,628 - 25
However, the Annual Report of HAL for year 2014-15 has differing details for value of ALH to be ferried out for the above two years:
Year - Value of ALH to be ferried out (INR Lakh) - No of units (@INR 40 Crore/unit)
2012-13 - 45,664 - 11
2013-14 - 41,071 - 10
2014-15 - 123,628 - 31
IMO, the discrepancy is because while HAL calculates value of good basis Signaling Out Certificate(SOC), this does not imply acceptance by end-user. It is likely that no of ALH accepted were lower than manufactured. The actual Ferry-Out might or might not be equal to units manufactured.
So, even if HAL is at its peak production capacity, the actual units absorbed is lower than manufactured.
From the HAL report on how sales figures are quoted:
Sales has been set up in accordance with para-9.1 of the Accounting policy
based on Signaling Out Certifi cate(SOC). It was commented by C&AG during
the audit of the Accounts of 2012-13 that the existing policy for recognition
of revenue based on SOC need to be revisited and reframed as the SOCs are
given with signifi cant concessions. C&AG had suggested that the readiness of
Aircraft for delivery is to be considered as the basis for Revenue recognition in
addition to SOC in respect of the aircraft & ferry out and the acceptance by the
Board of Offi cers(BOO) as specifi ed in the Contract for helicopters. The issue
had been examined in consultation with legal and professional experts in the
fi eld and the Audit committee had also noted C&AG observations on policy of
Setting up of sales based on signaling out certifi cates and was of the view that
once the Aircraft / Helicopter has been accepted by the certifying authorities,
sales could be set up. As the fl ying of Aircraft / Helicopter and ferrying out to
customer’s base was prerogative of the customer, it was noted that the sales
would continue to be set up based on the SOC as was being done in the earlier
years. Accordingly sales for the current year has been set up based on SOC and
not based on ferry out.
