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

Annual Report 2012-13
Notes
a
b
Includes ` 253.74 Million (Previous Year ` 261.50 Million) which has not been amortised in view of the fact that eventually the ownership will get transferred to the
Company on expiry of the lease period, of which ` 11.52 Million (Previous Year ` 11.52 Million) is in the process being surrendered to Competent Authority. Net Block
` 11.52 Million (Previous Year ` 11.52 Million) .
Includes land value ` 40.34 Million (Previous Year ` 29.99 Million), which is in possession of the company towards which formal lease deeds are yet to be executed
. Net Block ` 40.34 Million (Previous Year ` 29.92 Million)
c Includes ` 782.98 Million (Previous Year ` 782.98 Million) being Company’s share of an asset jointly owned with another Company. Net Block ` 79.39 Million
(Previous Year ` 120.73 Million).
d Includes Offi ce Equipments
e Represents consideration for purchase of business (Nitrogen Plant) in excess of book value of net assets acquired.
f Capital Work In Progress (Including Project expenses to be Capitalised appropriately) ( ` in Million)
Particulars AS AT AS AT
31/3/2013 31/3/2013 31/3/2012 31/3/2012
Capital Work-in-Progress 93,045.76 82,913.95
Project expenditure to be Capitalised appropriately
Salaries, Wages & Gratuity 617.15 499.72
Contribution to P.F. & Superannuation Fund 77.07 63.81
Staff Welfare Expenses 0.41 0.41
Rates & Taxes 2.95 2.77
Insurance 479.59 361.99
Miscellaneous Expenses 156.80 132.46
ERV Loss/ (gain) -30.73 26.14
Interest and Finance Cost 4,478.57 889.56
Depreciation 9.79 5,791.60 8.02 1,984.88
Total 98,837.36 84,898.83
Less : Amount Capitalised to Fixed assets during the year 23,292.55 14,007.09
Net Capital Work-in-Progress 75,544.81 70,891.74
g
i
ii
iii
iv
h
Depreciation provided during the year includes:
Charged to Profi t & Loss Account : ` 6,044.10 Million ( Previous Year ` 4,338.73 Million)
Charged to Adjustments related to Prior Period (Net) : Nil ( Previous Year ` 55.07 Million)
Charged to Capital Work in Progress: ` 1.76 Million ( Previous Year ` 3.27 Million)
Charged to Fixed Assets held for sale: ` 3.38 Million ( Previous Year ` 0.33 Million)
Assets not in use and held for sale is shown as Other current Assets and valued at lower of cost or estimated realisable value.
NOTE 13
NON CURRENT INVESTMENTS
Particulars
AS AT
31st March 2013
` in Million
AS AT
31st March 2012
` in Million
Trade Investments (Long term Investments)
Investment in Equity instruments : Unquoted at Cost
Shell MRPL Aviation Fuels and Services Limited.(1,50,00,000 Equity Shares of ` 10 each fully paid (Previous year
` 10 each)) (Refer Note a) 150.00 150.00
ONGC Mangalore Petrochemicals Ltd.(1,500 Equity Shares of ` 10 each fully paid (Previous year ` 10 each))
(Refer Note b) 0.02 0.02
Total 150.02 150.02
Notes
a Shell MRPL Aviation Fuels and Services Limited. Joint Venture
b ONGC Mangalore Petrochemicals Ltd. Associate
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