BHARAT PETROLEUM CORPORATION LIMITEDProfit and Loss Account for the year ended 31st March, 20<strong>09</strong>2007-08SCHEDULE Rs. Crores Rs. CroresINCOMESale of products & related income N 145,392.07 121,684.07Less: Excise Duty Paid (10,154.37) (11,137.31)135,237.70 110,546.76Miscellaneous income O 1,508.74 1,395.42Increase/(Decrease) in Inventory P (1,575.88) (392.50)TOTAL 135,170.56 111,549.68EXPENDITUREPurchase of products for resale 67,867.81 52,664.64Raw materials consumed Q 53,936.93 48,921.93Packages consumed 107.51 87.19Excise Duty on Inventory differential (10.49) (203.61)Other Duties, taxes etc. and other charges applicable to products 1,174.76 542.24Transportation 2,426.14 2,052.39Consumption of stores, spares and materials R 79.04 70.23Power and Fuel S 67.17 61.75Employees' remuneration and other benefits T 1,884.88 1,297.20Interest U 2,166.37 672.47Other operating and administration expenses V 3,377.34 1,813.13Depreciation and amortisation 1,075.53 1,<strong>09</strong>8.21TOTAL 134,152.99 1<strong>09</strong>,077.77Profit 1,017.57 2,471.91Prior period income/(expenses) net W (13.46) 125.38Profit before tax 1,004.11 2,597.29Provision for Taxation- Current Tax 490.00 883.90- Fringe Benefit Tax 13.25 15.30- Deferred Tax (Net) (242.13) 110.80- Short provision for Taxation in earlier years provided for 7.<strong>09</strong> 6.73Profit after tax 735.90 1,580.56Transfer from / (to) Debenture Redemption Reserve (300.00) -<strong>Balance</strong> brought forward # #Disposable Profit 435.90 1,580.56Appropriations:Interim dividend paid - -Proposed dividend 253.08 144.62Corporate <strong>Div</strong>idend Tax on proposed dividend 31.45 9.16284.53 153.78Transfer to General Reserve 75.00 1,426.78<strong>Balance</strong> Carried to <strong>Balance</strong> <strong>Sheet</strong> 76.37 ## Rs. 10,000.00Earnings per Share - Rs.- Basic 20.35 43.72- Diluted 20.35 43.72Statement of Significant Accounting Policiesand Notes forming part of AccountsXFor and on behalf of the Board of DirectorsASHOK SINHAChairman and Managing DirectorAs per our attached report of even dateFor and on behalf ofB. K. KHARE & CO.Chartered AccountantsS. K. JOSHI N. VISWAKUMAR PADMINI KHARE KAICKERDirector (Finance) Company Secretary PartnerMembership No. 44784Place : MumbaiDated : 29th May 20<strong>09</strong>
BHARAT PETROLEUM CORPORATION LIMITEDSchedule 'N' - Sale of ProductsRs. Crores2007-08Rs. CroresSales 128,6<strong>09</strong>.48 112,540.13Subsidy on LPG (Domestic) & SKO (PDS) 566.21 554.44(As per the existing scheme of the Government Of India)Oil Marketing Companies GOI Special Bonds 16,216.38 8,589.50(refer note 2 of Schedule 'X'-B)Total 145,392.07 121,684.07