Annual Report 2008-2009 - Bharat Petroleum

More documents

Recommendations

Info

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2009 31/03/2008 SCHEDULE Rs. Crores Rs. Crores I. SOURCES OF FUNDS 1. Shareholders’ funds: Share Capital A 361.54 361.54 Reserves and Surplus B 12,949.68 12,545.38 13,311.22 12,906.92 2. Minority Interest: Share Capital 282.09 282.09 Reserves and Surplus 619.36 578.49 901.45 860.58 3. Loan funds: C Secured Loans 6,681.34 3,680.31 Unsecured Loans 17,557.82 12,385.52 24,239.16 16,065.83 4. Deferred tax liability (net) 1,525.65 1,810.79 TOTAL 39,977.48 31,644.12 II. APPLICATION OF FUNDS 1. Goodwill (on consolidation) 385.45 – 2. Fixed Assets: D Gross block 26,354.57 25,194.44 Less: Depreciation and amortisation (12,048.34) (10,839.00) Net block 14,306.23 14,355.44 Capital work-in-progress E 6,172.65 2,441.35 20,478.88 16,796.79 3. Investments F 15,698.54 8,809.33 4. Advance for Investments FA 701.46 471.68 5. Current Assets, loans and advances: Inventories G 7,870.59 11,524.99 Sundry debtors H 1,505.85 1,667.94 Cash and bank balances I 1,348.56 1,588.92 Other current assets J 3,102.56 4,936.60 Loans and advances K 2,978.24 1,795.49 16,805.80 21,513.94 Less: Current liabilities and provisions: Liabilities L 12,275.06 14,834.01 Provisions M 1,820.89 1,118.66 14,095.95 `15,952.67 Net Current Assets 2,709.85 5,561.27 6. Miscellaneous Expenditure to the extent 3.30 5.05 not written off or adjusted TOTAL 39,977.48 31,644.12 Statement of Significant Accounting Policies and Notes forming part of Accounts For and on behalf of the Board of Directors Sd/- ASHOK SINHA Chairman and Managing Director Place : Mumbai Date : 29th May, 2009 X As per our attached report of even date For and on behalf of B. K. KHARE & CO. Chartered Accountants Sd/- PADMINI KHARE KAICKER Partner Membership No. 44784 122 Bharat Petroleum Corporation Limited
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009 2007-08 SCHEDULE Rs. Crores Rs. Crores INCOME Sale of products & related income N 147,336.82 123,179.69 Less: Excise Duty Paid (10,779.70) (11,936.58) 136,557.12 111,243.11 Miscellaneous income O 1,435.78 1,323.30 Increase/(Decrease) in Inventory P (1,549.24) (316.16) TOTAL 136,443.66 112,250.25 EXPENDITURE Purchase of products for resale 60,119.92 44,758.33 Raw materials consumed Q 61,895.03 56,437.85 Packages consumed 107.51 87.19 Excise Duty on Inventory differential (13.15) (208.47) Other duties, taxes, etc., and other charges applicable to products 1,318.50 708.03 Transportation 2,471.96 2,138.67 Consumption of stores, spares and materials R 116.12 84.85 Power and fuel S 73.64 66.58 Employees’ remuneration and other benefits T 1,981.30 1,356.85 Interest U 2,404.32 714.89 Other operating and administration expenses V 3,560.35 1,926.10 Depreciation and amortisation 1,261.71 1,292.10 Miscellaneous expenditure written off 3.38 0.57 TOTAL 135,300.59 109,363.54 Profit 1,143.07 2,886.71 Prior period income/(expenses) net W (8.50) 133.34 Profit before tax 1,134.57 3,020.05 Provision for Taxation – Current Tax 674.06 1,025.89 – Fringe Benefit Tax 14.40 16.21 – Deferred Tax (net) (285.11) 58.70 – Short provision for Taxation in earlier years provided for 7.09 6.73 Profit after tax 724.13 1,912.52 Minority Interest 90.37 142.97 Net Income of the Group 633.76 1,769.55 Transfer from/(to) Debenture Redemption Reserve (300.00) – Balance brought forward 262.74 244.76 Less: Adjustment on account of sale of shares in Numaligarh – (20.28) Refinery Limited and Bharat Shell Limited Disposable Profit 686.87 2,137.00 Appropriations: Proposed dividend 295.40 201.04 Corporate Dividend Tax on proposed dividend 54.96 36.56 350.36 237.60 Transfer to General Reserve 191.68 1,630.54 Balance Carried to Balance Sheet 144.83 268.86 Earnings per Share – Rs. – Basic 17.53 48.94 – Diluted 17.53 48.94 Statement of Significant Accounting Policies and Notes forming part of Accounts X For and on behalf of the Board of Directors Sd/- ASHOK SINHA Chairman and Managing Director Place : Mumbai Date : 29th May, 2009 As per our attached report of even date For and on behalf of B. K. KHARE & CO. Chartered Accountants Sd/- PADMINI KHARE KAICKER Partner Membership No. 44784 Annual Report 2008-2009 123
Page 7 and 8:
management team Ms. I. Sasikala Mr.
Page 9 and 10:
) To all Members in respect of shar
Page 11 and 12:
Company Performance During the year
Page 13 and 14:
Limited (OOCL), is setting up a 6 M
Page 15 and 16:
agitation lasted for 1 ½ days. Ext
Page 17 and 18:
Bharat PetroResources Limited (BPRL
Page 19 and 20:
in the Singapore market, as well as
Page 21 and 22:
2,000 1,800 1,600 PAT ROCE 9.76 12
Page 23 and 24:
Annual Report 2008-2009 21
Page 25 and 26:
per the provisional figures release
Page 27 and 28:
BPCL has been an early mover in the
Page 29 and 30:
value for BPCL. Attention is also b
Page 31 and 32:
got enrolled in this initiative and
Page 33 and 34:
year. An unique program on Workplac
Page 35 and 36:
has been conferred the award for th
Page 37 and 38:
ANNEXURE TO THE DIRECTORS‘ REPORT
Page 39 and 40:
The following awards related to the
Page 41 and 42:
FORM A FORM FOR DISCLOSURE OF PARTI
Page 43 and 44:
FORM B FORM FOR DISCLOSURE OF PARTI
Page 45 and 46:
4) Expenditure on R&D during 2008-0
Page 47 and 48:
d) Introduction of Auxiliary Firing
Page 49 and 50:
Particulars of Directors including
Page 51 and 52:
Names of the Directors Academic Qua
Page 53 and 54:
10) Discussing with the Statutory A
Page 55 and 56:
5) Investors’ Grievance Committee
Page 57 and 58:
The Chairman & Managing Director an
Page 59 and 60:
Share Transfer System Distribution
Page 61 and 62:
Annexure II Annexure III DISTRIBUTI
Page 63 and 64:
AUDITOR’S CERTIFICATE ON CORPORAT
Page 65 and 66:
Sr. No. Name Qualification Age Desi
Page 67 and 68:
Sr. No. Name Qualification Age Desi
Page 69 and 70:
ANNUAL STATEMENT SHOWING THE REPRES
Page 71 and 72:
ANNEXURE TO THE DIRECTORS’ REPORT
Page 73 and 74: 1997-98 1996-97 1995-96 1994-95 199
Page 75 and 76: 1997-98 1996-97 1995-96 1994-95 199
Page 77 and 78: 1996-97 1995-96 1994-95 1993-94 199
Page 79 and 80: PRODUCTION (‘000 MT) 2008-09 2007
Page 81 and 82: AUDITOR’S REPORT TO THE MEMBERS O
Page 83 and 84: (v) In respect of transactions ente
Page 85 and 86: CONSOLIDATED SUMMARY Annexure 1 (Am
Page 87 and 88: PROFIT AND LOSS ACCOUNT FOR THE YEA
Page 89 and 90: SCHEDULE ‘C’ - LOAN FUNDS Secur
Page 91 and 92: SCHEDULE ‘E’ - CAPITAL WORK-IN-
Page 93 and 94: SCHEDULE ‘F’ - INVESTMENTS (CON
Page 95 and 96: SCHEDULE ‘FA’ - ADVANCE FOR INV
Page 97 and 98: SCHEDULE ‘K’ - LOANS AND ADVANC
Page 99 and 100: SCHEDULE ‘N’ - SALE OF PRODUCTS
Page 101 and 102: SCHEDULE ‘V’ - OTHER OPERATING
Page 103 and 104: SCHEDULE ‘X’ - (CONTD.) 6.1.2.
Page 105 and 106: SCHEDULE ‘X’ - (CONTD.) B. NOTE
Page 107 and 108: SCHEDULE ‘X’ - (CONTD.) Disclos
Page 109 and 110: SCHEDULE ‘X’ - (CONTD.) Key Man
Page 111 and 112: SCHEDULE ‘X’ - (CONTD.) 19) INT
Page 113 and 114: SCHEDULE ‘X’ - (CONTD.) 22.2 Th
Page 115 and 116: SCHEDULE ‘X’ - (CONTD.) 27) Fin
Page 117 and 118: SCHEDULE ‘X’ - (CONTD.) 33) Pro
Page 119 and 120: CASH FLOW STATEMENT For the year en
Page 121 and 122: CASH FLOW STATEMENT (CONTD.) 2008 2
Page 123: AUDITOR’S REPORT ON CONSOLIDATED
Page 127 and 128: SCHEDULE ‘C’ - LOAN FUNDS (CONS
Page 129 and 130: SCHEDULE ‘E’ - CAPITAL WORK-IN-
Page 131 and 132: SCHEDULE ‘G’ - INVENTORIES (CON
Page 133 and 134: SCHEDULE ‘K’ - LOANS AND ADVANC
Page 135 and 136: SCHEDULE ‘O’ - MISCELLANEOUS IN
Page 137 and 138: SCHEDULE ‘V’ - OTHER OPERATING
Page 139 and 140: SCHEDULE ‘X’ - (CONSOLIDATED) (
Page 155 and 156: CASH FLOW STATEMENT (CONSOLIDATED)
Page 157 and 158: ANNEXURE TO THE DIRECTORS’ REPORT
show all

Annual Report 2008-2009 - Bharat Petroleum

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?