Annual Report for 2012-13 - Mangalore Refinery and ...
Annual Report for 2012-13 - Mangalore Refinery and ...
Annual Report for 2012-13 - Mangalore Refinery and ...
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<strong>Mangalore</strong> <strong>Refinery</strong> <strong>and</strong> Petrochemicals Limited<br />
AS AT<br />
31st March 20<strong>13</strong><br />
AS AT<br />
31st March <strong>2012</strong><br />
` in Million ` in Million<br />
4.2.2 Deferred payment liabilities (Refer Note c) 2,693.51 2,742.62<br />
Terms of Repayment:<br />
During 2014-15 : ` 534.34 Million<br />
During 2015-16 : ` 555.83 Milliowwn<br />
During 2016-17 : ` 458.17 Million<br />
During 2017-18 : ` 526.54 Million<br />
During 2018-19 : ` 400.00 Million<br />
During 2019-20 : ` 218.63 Million<br />
4.2.3 Loans <strong>and</strong> advances from related parties (Refer Note d) - -<br />
Loan 1 - 3,600.00<br />
Loan 2 31,821.40 26,000.00<br />
Terms of Repayment:<br />
Loan 1<br />
During 20<strong>13</strong>-14 : ` 3,600.00 Million<br />
Loan 2<br />
During 20<strong>13</strong>-14 : ` 1,178.60 Million<br />
During 2014-15 : ` 4,714.40 Million<br />
During 2015-16 : ` 4,714.40 Million<br />
During 2016-17 : ` 4,714.40 Million<br />
During 2017-18 : ` 4,714.40 Million<br />
During 2018-19 : ` 4,714.40 Million<br />
During 2019-20 : ` 4,714.40 Million<br />
During 2020-21 : ` 3,535.00 Million<br />
Notes:<br />
a<br />
41,514.91 36,342.62<br />
Total 57,807.91 38,919.12<br />
The interest rate <strong>for</strong> ECB are 6 month LIBOR plus 3.75%, 2.92%, 3.44% <strong>and</strong> 2.54% on ` 8,146.50 Miilion, ` 2,335.33 Million, ` 5,431.00 Million <strong>and</strong> ` 380.17 Million<br />
respectively. During the year additional sanction of ECB loan is USD 400 Million of which USD 50 million is drawn.<br />
b The interest rate <strong>for</strong> OIDB term loan are 8.89 %,9.04%, 8.73% <strong>and</strong> 8.98% on ` 3,650.00 Million, ` 350.00 Million, ` 1,250 Million <strong>and</strong> ` 2,750 Million respectively.<br />
c Deferred Payment liability representing Sales Tax deferment is with Nil Interest rate .<br />
d The interest rate on Term loan from related Parties i.e ONGC are 9.00 % <strong>and</strong> 10.65 % (SBAR minus 3.85%) on ` 3,600.00 Million <strong>and</strong> ` 33,000.00 Million respectively.<br />
NOTE 5<br />
DEFERRED TAX LIABILITIES (NET)<br />
The Company has Deferred Tax Liabilities as at 31st March 20<strong>13</strong> of ` 7,343.14 Million (Previous Year ` 4,531.90 Million). The Breakup of Deferred tax<br />
Liabilities is as under:<br />
AS AT<br />
31st March 20<strong>13</strong><br />
` in Million<br />
AS AT<br />
31st March <strong>2012</strong><br />
` in Million<br />
5.1 Deferred Tax Liabilities<br />
WDV Difference on Assets 7,343.28 6,162.27<br />
Total 5.1 7,343.28 6,162.27<br />
5.2 Deferred Tax Assets (Refer Note 31.09)<br />
43B Disallowances - 1,395.15<br />
Others<br />
- 235.72<br />
Total 5.2 - 1,630.87<br />
Net Deferred Tax Liabilities (5.1-5.2)<br />
7,343.28 4,531.40<br />
21
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