Annual Report for 2012-13 - Mangalore Refinery and ...

Mangalore Refinery and Petrochemicals Limited
AS AT
31st March 2013
AS AT
31st March 2012
` in Million ` in Million
Liability for Statutory Payments 602.99 636.46
Liability for Employees 74.08 235.48
Interest Accrued but not due 116.94 70.00
Payable to Oil Companies on refund from Commercial taxes 2,884.48 2,884.48
Others payables 674.90 1,284.88
Total 14,130.92 12,816.65
Notes
a Rupee Term Loan from banks represents ZERO Coupon Loan (Nil Interest rate) .
b No amount is due for payment to Investor Education Protection Fund.
c Provision for Interest towards disputed Claims
d Net of amount receivable/ payable from Gratuity trust
NOTE 11 SHORT TERM PROVISIONS
11.1 Employee Benefits
For Leave (Unfunded) (Refer Note 31.12.01) 33.31 38.68
For Post retirement Medical and Other Benefi ts (Unfunded) (Refer Note 31.12.01) 3.67 4.24
11.2 Others
For Dividend - 1,752.60
For Corporate Dividend Tax - 284.32
Others (Refer Note a) 966.78 698.68
Total 1,003.76 2,778.52
Notes
The company had recognised liability based on substantial degree of estimation for excise duty payable on clearence
of goods lying in stock as on 31st March 2013 and for 31st March 2012 for ` 961.75 Million and ` 692.71 Million
respectively.
NOTE 12
FIXED ASSETS
Fixed Assets
Refer
Note
Useful
Life in
Years
As at
01-04-2012
Additions
Gross Block Depreciation/ Amortisation Net Block
Deductions/
Adjustments
23
As at
31-03-2013
As at
01-04-2012
Charge for
the year
Deductions/
Adjustments
As at
31-03-2013
As at
31-03-2013
As at
31-03-2012
` in Million ` in Million ` in Million ` in Million ` in Million ` in Million ` in Million ` in Million ` in Million ` in Million
12.1 Tangible Assets
Land : Freehold 17.65 - - 17.65 - - - - 17.65 17.65
Land under lease a , b 269.24 -7.76 - 261.48 0.53 0.08 - 0.61 260.87 268.71
Buildings 3,342.44 371.25 - 3,713.69 730.12 72.37 - 802.49 2,911.20 2,612.32
Plant and Equipment c , d 85,996.75 22,997.13 39.70 108,954.18 48,633.96 5,910.20 31.57 54,512.59 54,441.59 37,362.79
Furniture and Fixtures 120.36 27.03 1.68 145.71 68.64 8.45 1.25 75.84 69.87 51.72
Vehicles 198.79 4.02 95.47 107.34 69.03 15.79 44.82 40.00 67.34 129.76
Total Tangible Assets 89,945.23 23,391.67 136.85 113,200.05 49,502.28 6,006.89 77.64 55,431.53 57,768.52 40,442.95
12.2 Intangible Assets
Goodwill e 10 20.13 - - 20.13 10.06 2.01 - 12.07 8.06 10.07
Computer software 10 4.47 - - 4.47 1.89 0.45 - 2.34 2.13 2.58
Computer software 3 95.28 - - 95.28 36.97 31.77 - 68.74 26.54 58.31
Computer software 7 0.81 - - 0.81 0.33 0.12 - 0.45 0.36 0.48
Computer software 4 7.39 - - 7.39 5.44 1.24 - 6.68 0.71 1.95
Licenses and franchise 3 56.50 - - 56.50 56.50 - - 56.50 - -
Total Intangible Assets 184.58 - - 184.58 111.19 35.59 - 146.78 37.80 73.39
Total 90,129.81 23,391.67 136.85 113,384.63 49,613.47 6,042.48 77.64 55,578.31 57,806.32 40,516.34
Previous Year 76,116.99 14,122.11 80.71 90,158.39 45,298.78 4,396.74 51.37 49,644.15 40,514.24 30,818.21
12.3 Capital Work In Progress f 75,544.81 70,891.74