Annual Report 2008-2009 - Bharat Petroleum

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CASH FLOW STATEMENT (CONSOLIDATED) (CONTD.) For the year ended 31st March Notes 2009 Rs. Crores 2008 Rs. Crores Cash and Cash equivalents as at 31st March 2008 2007 Cash in Hand 396.20 409.51 Cash at Bank 1,183.34 1,195.01 Cash in transit 9.18 10.13 Cash Credit from scheduled banks (930.12) (1,713.43) CBLOs (1,000.00) (866.00) Unsecured loans from scheduled banks / ICDs / CPs (10,171.14) (6,089.64) Cash & Cash Equivalents on A/c of acquisition of Business of IBV 10.30 – (Brazil) Petroleo Ltda. by VB Brazil Petroleo Pvt Ltda. (10,502.24) (7,054.42) Cash and Cash equivalents as at 31st March 2009 2008 Cash in Hand 124.92 396.20 Cash at Bank 1,220.72 1,183.54 Cash in transit 2.00 9.18 Cash Credit from scheduled banks (2,497.70) (931.67) Unsecured loans from scheduled banks / ICDs / CPs (14,915.25) (10,171.55) CBLOs (150.00) (1,000.00) (16,215.31) (10,514.30) Net change in Cash and Cash equivalents (5,713.07) (3,459.88) Explanatory Notes to Cash Flow Statement 1 The Cash Flow Statement is prepared in accordance with the format prescribed by Securities and Exchange Board of India and as per Accounting Standard 3 issued by the Institute of Chartered Accountants of India. 2 In Part-A of the Cash Flow Statement, figures in brackets indicate deductions made from the Net Profit for deriving the net cash flow from operating activities. In Part-B and Part-C, figures in brackets indicate cash outflows. 3 The net profit / loss arising due to conversion of current assets / current liabilities / receivable / payable in foreign currency is furnished under the head “Foreign Exchange Fluctuations”. 4 “Other Non-Cash items” include excess provisions written back, foreign exchange adjustments, diminution in value of investment, transfer to Capital reserve, Bad debts and materials written off and miscellaneous adjustments not affecting cash flow. 5 Figures of the previous year have been regrouped wherever necessary, to conform to current year’s presentation. 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 154 Bharat Petroleum Corporation Limited
ANNEXURE TO THE DIRECTORS’ REPORT ANNEXURE F STATEMENT PURSUANT TO EXEMPTION RECEIVED UNDER SECTION 212(8) OF THE COMPANIES ACT, 1956 RELATING TO SUBSIDIARY COMPANIES Rs. Crores Sr. No. Name of the Subsidiary Company Extent of holding Reporting Currency Capital Reserves Total Assets Total Liabilities Investment (except in case of Subsidiary Company) Turnover Profit/ (Loss) before tax Provision for tax Profit/ (Loss) after tax Proposed Dividend Country of Incorporation 1 Numaligarh Refinery Limited 61.65% INR 735.63 1,615.02 3,705.26 1,354.61 91.87 8,853.35 319.59 83.95 235.64 110.34 India 2 Bharat PetroResources Limited 100% INR 502.55 (21.31) * 587.16 107.42 2.70 – (13.93) – (13.93) – India 3 Bharat PetroResources JPDA Limited 100% INR 0.05 (2.00) * 32.81 34.77 – – (1.13) – (1.13) – India 4 BPRL International B.V. 100% USD 0.13 296.83 297.07 0.11 296.34 – (26.93) – (26.93) – Netherlands 5 BPRL Ventures B.V. 100% USD 0.13 296.21 832.43 536.09 – – (26.57) – (26.57) – Netherlands 6 BPRL Ventures Mozambique B.V. 100% USD 0.13 (0.15) * 0.11 0.12 – – (0.17) – (0.17) – Netherlands * Represents accumulated losses Notes: (i) Numaligarh Refinery Limited and Bharat PetroResources Limited are direct subsidiaries of Bharat Petroleum Corporation Limited. (ii) Bharat PetroResources JPDA Limited and BPRL International B.V. are subsidiaries of Bharat PetroResources Limited. (iii) BPRL Ventures B.V. and BPRL Ventures Mozambique B.V. are subsidiaries of BPRL International B.V. (iv) The first accounts of BPRL International B.V. and BPRL Ventures B.V. are prepared for the period 26th March, 2008 to 31st December, 2008. (v) The first accounts of BPRL Ventures Mozambique B.V. are prepared for the period 23rd July, 2008 to 31st December, 2008. (vi) Figures of BPRL International B.V. are consolidated figures including those of BPRL Ventures B.V. and BPRL Ventures Mosambique B.V. (vii) Indian Rupees (INR) equivalent of the figures of subsidiary companies whose Reporting Currency is US Dollar (USD) is based on exchange rates as on 31st March, 2009. (USD 1 = INR 50.95). Annual Report 2008-2009 155
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management team Ms. I. Sasikala Mr.
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) To all Members in respect of shar
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Company Performance During the year
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Limited (OOCL), is setting up a 6 M
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agitation lasted for 1 ½ days. Ext
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Bharat PetroResources Limited (BPRL
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in the Singapore market, as well as
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2,000 1,800 1,600 PAT ROCE 9.76 12
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Annual Report 2008-2009 21
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per the provisional figures release
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BPCL has been an early mover in the
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value for BPCL. Attention is also b
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got enrolled in this initiative and
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year. An unique program on Workplac
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has been conferred the award for th
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ANNEXURE TO THE DIRECTORS‘ REPORT
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The following awards related to the
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FORM A FORM FOR DISCLOSURE OF PARTI
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FORM B FORM FOR DISCLOSURE OF PARTI
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4) Expenditure on R&D during 2008-0
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d) Introduction of Auxiliary Firing
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Particulars of Directors including
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Names of the Directors Academic Qua
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10) Discussing with the Statutory A
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5) Investors’ Grievance Committee
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The Chairman & Managing Director an
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Share Transfer System Distribution
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Annexure II Annexure III DISTRIBUTI
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AUDITOR’S CERTIFICATE ON CORPORAT
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Sr. No. Name Qualification Age Desi
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Sr. No. Name Qualification Age Desi
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ANNUAL STATEMENT SHOWING THE REPRES
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ANNEXURE TO THE DIRECTORS’ REPORT
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1997-98 1996-97 1995-96 1994-95 199
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1997-98 1996-97 1995-96 1994-95 199
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1996-97 1995-96 1994-95 1993-94 199
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PRODUCTION (‘000 MT) 2008-09 2007
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AUDITOR’S REPORT TO THE MEMBERS O
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(v) In respect of transactions ente
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CONSOLIDATED SUMMARY Annexure 1 (Am
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PROFIT AND LOSS ACCOUNT FOR THE YEA
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SCHEDULE ‘C’ - LOAN FUNDS Secur
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SCHEDULE ‘E’ - CAPITAL WORK-IN-
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SCHEDULE ‘F’ - INVESTMENTS (CON
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SCHEDULE ‘FA’ - ADVANCE FOR INV
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SCHEDULE ‘K’ - LOANS AND ADVANC
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SCHEDULE ‘N’ - SALE OF PRODUCTS
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SCHEDULE ‘V’ - OTHER OPERATING
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SCHEDULE ‘X’ - (CONTD.) 6.1.2.
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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
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Page 123 and 124: AUDITOR’S REPORT ON CONSOLIDATED
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Page 133 and 134: SCHEDULE ‘K’ - LOANS AND ADVANC
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Page 137 and 138: SCHEDULE ‘V’ - OTHER OPERATING
Page 139 and 140: SCHEDULE ‘X’ - (CONSOLIDATED) (
Page 155: CASH FLOW STATEMENT (CONSOLIDATED)
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Annual Report 2008-2009 - Bharat Petroleum

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