Annual Report 2008-2009 - Bharat Petroleum

SCHEDULE ‘X’ – (CONTD.)
Key Management Personnel (Whole-time Directors)
Details of remuneration to Directors are given in note 23 of Notes to Accounts.
14) Earnings per share
2008-09 2007-08
Profit after Tax Rs. Crores 735.90 1,580.56
Weighted average number of shares outstanding during Crore nos. 36.15 36.15
the year
Basic earnings per share Rs. 20.35 43.72
Diluted earnings per share Rs. 20.35 43.72
15) Deferred Tax Liability
As per the requirement of the Accounting Standard 22 - “Accounting for Taxes on Income” the net deferred tax
liability credited to Profit during the year is Rs. 242.13 crores (previous year debited Rs. 110.80 crores). The
year end position is given below:
Rs. Crores
31-3-2009 31-3-2008
DEFERRED TAX LIABILITY:
Depreciation 1,862.81 1,785.24
DEFERRED TAX ASSET:
Disallowance u/s 43B of the Income Tax Act, 1961 including employee
365.94 220.91
benefits.
Provisions for mark to market for investments & loans, doubtful debts,
257.63 82.96
claims etc.
Total Deferred Tax Asset 623.57 303.87
Net Deferred Tax Liability 1,239.24 1,481.37
16) In compliance with AS – 27 ‘Financial Reporting of Interests in Joint Ventures’, the required information is as
under:
a) Jointly controlled entities: Country of
Incorporation
Percentage of ownership
interest as on
31.3.2009 31.3.2008
Indraprastha Gas Limited India 22.50 22.50
Petronet India Limited India 16.00 16.00
Petronet CCK Limited India 49.00 49.00
Petronet CI Limited (#) India 11.00 11.00
Petronet LNG Limited India 12.50 12.50
Bharat Oman Refineries Limited India 50.00 50.00
Petroleum Infrastructure Limited (#) India 50.00 50.00
VI e Trans Private Limited @ India - 33.33
Central UP Gas Limited India 22.50 22.50
Maharashtra Natural Gas Limited India 22.50 22.50
Sabarmati Gas Limited India 25.00 25.00
Bharat Stars Services Private Limited India 50.00 50.00
Premier Oil Cachar B.V. Netherlands 50.00 50.00
Bharat Renewable Energy Limited India 33.33 -
Matrix Bharat Marine Services Pte. Ltd. Singapore 50.00 -
# Company under liquidation @ Shares sold during the year
Annual Report 2008-2009 107