Untitled - Bharat Petroleum

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SCHEDULE ‘X’ — (Contd.) 17. Related Party Disclosures as per Accounting Standard 18 Names of the Related parties : Indraprastha Gas Limited, Petronet India Limited, (JVC) Bharat Shell Limited, Petronet CCK Limited, Petronet CI Limited, Petronet LNG Limited, Bharat Oman Refineries Limited, VI e Trans Pvt. Limited, Petroleum Infrastructure Limited, Cochin International Airport Limited, Maharashtra Natural Gas Limited, Central UP Gas Limited. Key Management Personnel : M/s. Ashok Sinha (Chairman & Managing Director), S. A. Narayan (Director HR), S. Radhakrishnan (Director Marketing), M. Rohatgi (Director Refineries) upto 30-09-2005, S. K. Joshi (Director Finance - w.e.f 08-03-2006), R. K. Singh (Director Refineries - w.e.f 08-03-2006) Nature of Transactions Rs. Million 2005-06 2004-05 Joint Venture Companies (JVC) a. Purchase of goods 4,060.86 2,142.53 b. Sale of goods 4.00 3.79 c. Rendering of Services 4.48 0.46 d. Receiving of Services 338.01 372.84 e. Interest Income 16.51 9.12 f. Dividend Received 68.25 51.45 g. Equity contribution 119.23 0.25 h. Loans and advances 297.60 55.77 i. Outstandings as on 31.3.2006 - Receivables 421.69 164.45 - Payables 60.15 8.33 j. Management Contracts (Employees on deputation to JVC) 24.94 22.65 k. Guarantees given — — l. Rental Income 1.99 1.81 Key Management Personnel (Whole time directors) Details of remuneration to directors are given in note 21 of Notes to Accounts. Annual Report 2005-2006 113 PG-103-124-FINAL.p65 113 12/1/2006, 2:26 AM
SCHEDULE ‘X’ — (Contd.) 18. INTANGIBLE ASSETS In accordance with Accounting Standard 26 details of Intangible Assets recognised and amortised during the year are given below. (a) Intangible assets being amortised Rs. Miilion USEFUL GROSS AMOUNT AMORTISATION NET AMOUNT LIFE AMORTI- ASSETS DELETIONS SATION AS AT TRANS- ADDITIONS RE-CLASSI- AS AT UPTO TRANS- THIS UPTO AS AT AS AT PARTICULARS 01-04-2005 FERRED FICATION 31-03-2006 31-03-2005 FERRED YEAR 31-03-2006 31-03-2006 31-03-2005 (NO. OF ON AMAL- ON AMAL- MONTHS) GAMATION GAMATION (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 1. RIGHT OF WAY PERENNIAL 100.03 — — — 100.03 — — — — 100.03 100.03 2. SOFTWARE 36 30.34 81.53 — — 111.87 13.08 51.53 40.11 104.72 7.15 17.26 3. SOFTWARE 60 — — 48.34 — 48.34 — — 9.67 9.67 38.67 — 4. DEVELOPMENT RIGHTS 60 14.97 — — — 14.97 0.75 — 2.99 3.74 11.23 14.22 5. PROCESS LICENSE 60 5.29 — 130.95 — 136.24 0.09 — 18.60 18.69 117.55 5.20 TOTAL 150.63 81.53 179.29 — 411.45 13.92 51.53 71.37 136.82 274.63 136.71 PREVIOUS YEAR 128.96 — 21.67 — 150.63 2.97 — 10.95 13.92 136.71 125.99 (b) Intangible assets pending amortisation* Rs. Miilion USEFUL GROSS AMOUNT AMORTISATION NET AMOUNT LIFE AMORTI- ASSETS SATION AS AT TRANS- ADDITIONS CAPITALI- AS AT UPTO TRANS- THIS UPTO AS AT AS AT PARTICULARS 01-04-2005 FERRED SATIONS 31-03-2006 31-03-2005 FERRED YEAR 31-03-2006 31-03-2006 31-03-2005 (NO. OF ON AMAL- ON AMAL- MONTHS) GAMATION GAMATION (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 1. PROCESS LICENSE 43.23 — — — 43.23 — — — — 43.23 43.23 2. SOFTWARE 26.40 — — 26.40 — — — — — — 26.40 TOTAL 69.63 — — 26.40 43.23 — — — — 43.23 69.63 PREVIOUS YEAR 1.34 — 73.58 5.29 69.63 — — — — 69.63 1.34 *To be amortised from the time the Intangible Asset starts providing economic benefits. Note: (a) There are no internally generated Intangible Assets. (b) Column no. 4 and 9 includes balances of 1st April 2004 transferred on amalgamation and adjustment for the year 2004-05 of erstwhile Kochi Refineries Limited. 114 Bharat Petroleum Corporation Limited PG-103-124-FINAL.p65 114 12/1/2006, 2:26 AM
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NOTICE TO THE SHAREHOLDERS Notice i
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EXPLANATORY STATEMENTS PURSUANT TO
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MANAGEMENT DISCUSSION & ANALYSIS RE
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factors which will contribute to a
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state-of-the-art Gas Insulated Swit
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During the year, MS volumes were 2.
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across the country. This and other
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positioned 24 Rural Marketing Vehic
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Subsequent to the receipt of ‘in
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international best practices, a sou
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GROSS PROFIT (Rs. in Million) RETUR
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DIRECTORS’ REPORT The Directors a
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the year was lower at Rs.10,613.71
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the areas of alternative fuels incl
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SUBSIDIARY COMPANY Numaligarh Refin
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Rs.2.33 million for the current yea
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ANNEXURE TO THE DIRECTORS’ REPORT
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B. TECHNOLOGY ABSORPTION Mumbai Ref
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FORM A Form for disclosure of parti
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2. KOCHI REFINERY 2005-06 2004-05 A
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vii) The following new products wer
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TECHNOLOGY ABSORPTION, ADAPTATION A
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ANNEXURE TO THE DIRECTORS’ REPORT
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Particulars of Directors including
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3. Audit Committee BPC took the ini
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During the year, the Part-time (Ind
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Besides, Shri Joshi was closely ass
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Listing on Stock Exchanges The Comp
Page 63 and 64: Annexure I Market Price Data : Pric
Page 65 and 66: AUDITORS’ CERTIFICATE ON CORPORAT
Page 67 and 68: ANNUAL STATEMENT OF BPC SHOWING THE
Page 69 and 70: ANNUAL STATEMENT OF ERSTWHILE KOCHI
Page 71 and 72: TOTAL FUNDS EMPLOYED (Rs. in Millio
Page 73 and 74: PERFORMANCE PROFILE 2005-06 2004-05
Page 75 and 76: PERFORMANCE PROFILE (Contd.) 11. Wh
Page 77 and 78: SOURCES AND APPLICATION OF FUNDS 20
Page 79 and 80: SALES VOLUME (’000 MT) 2005-06 20
Page 81 and 82: HOW VALUE IS GENERATED Rs. Million
Page 83 and 84: ANNEXURE TO AUDITORS’ REPORT (Ref
Page 85 and 86: (c) According to the information an
Page 87 and 88: BALANCE SHEET AS AT 31ST MARCH, 200
Page 89 and 90: SCHEDULE ‘A’ — SHARE CAPITAL
Page 91 and 92: SCHEDULE ‘C’ — LOAN FUNDS Sec
Page 93 and 94: SCHEDULE ‘E’ — CAPITAL WORK-I
Page 95 and 96: SCHEDULE ‘F’ — INVESTMENTS (C
Page 97 and 98: SCHEDULE ‘G’ — INVENTORIES (A
Page 99 and 100: SCHEDULE ‘K’ — LOANS AND ADVA
Page 101 and 102: SCHEDULE ‘O’ — MISCELLANEOUS
Page 103 and 104: SCHEDULE ‘V’ — OTHER OPERATIN
Page 105 and 106: SCHEDULE ‘X’ — (Contd.) 6.2 L
Page 107 and 108: SCHEDULE ‘X’ — (Contd.) 18. P
Page 109 and 110: SCHEDULE ‘X’ — (Contd.) (e) I
Page 111 and 112: SCHEDULE ‘X’ — (Contd.) 13. E
Page 113: SCHEDULE ‘X’ — (Contd.) 16. I
Page 117 and 118: SCHEDULE ‘X’ — (Contd.) 20.5
Page 119 and 120: SCHEDULE ‘X’ — (Contd.) 25. F
Page 121 and 122: SCHEDULE ‘X’ — (Contd.) 31. P
Page 123 and 124: CASH FLOW STATEMENT For the year en
Page 125 and 126: CASH FLOW STATEMENT — (Contd.) Ca
Page 127 and 128: AUDITORS’ REPORT ON CONSOLIDATED
Page 129 and 130: CONSOLIDATED BALANCE SHEET AS AT 31
Page 131 and 132: SCHEDULE ‘A’ — SHARE CAPITAL
Page 133 and 134: SCHEDULE ‘C’ — LOAN FUNDS (CO
Page 135 and 136: SCHEDULE ‘D’ — FIXED ASSETS (
Page 137 and 138: SCHEDULE ‘F’ — INVESTMENTS (C
Page 139 and 140: SCHEDULE ‘I’ — CASH AND BANK
Page 141 and 142: SCHEDULE ‘L’ — LIABILITIES (C
Page 143 and 144: SCHEDULE ‘R’ — CONSUMPTION OF
Page 145 and 146: SCHEDULE ‘X’ — STATEMENT OF S
Page 147 and 148: SCHEDULE ‘X’ — (CONSOLIDATED)
Page 161 and 162: CASH FLOW STATEMENT (CONSOLIDATED)
Page 163 and 164: ANNEXURE TO THE DIRECTORS’ REPORT
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STATEMENT REGARDING SUBSIDIARY COMP
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Name of the Body Corporate (Shareho
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SEGMENT-WISE REVENUE, RESULTS AND C
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