NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2015

Transcription

1 212 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report The previous year figures have been regrouped / reclassified, wherever necessary to conform to the current year presentation. 1. SHARE CAPITAL Authorised Share Capital: 500,00,00,000 Equity Shares of ` 10 each 5,000 5,000 (500,00,00,000) 100,00,00,000 Preference Shares of ` 10 each 1,000 1,000 (100,00,00,000) 6,000 6,000 Issued, Subscribed and Paid up: 323,56,88,765 Equity Shares of ` 10 each fully paid up 3,236 3,232 (323,19,01,858) Less: Calls in arrears by others [` 3,113 (Previous Year ` 3,113)] 3,236 3,232 TOTAL 3,236 3, ,04,27,345 (45,04,27,345) ,18,83,624 (17,18,83,624) 1.3 4,62,46,280 (4,62,46,280) Shares were allotted on conversion / surrender of Debentures and Bonds, conversion of Term Loans, exercise of Warrants, against Global Depository Shares (GDS) and reissue of Forfeited Equity Shares, since inception. Shares held by subsidiaries, which were allotted pursuant to the Schemes of Amalgamation sanctioned by the Hon ble High Courts in the previous years, do not have voting rights and are not eligible for Bonus Shares Shares were bought back and extinguished in the last five years. 1.4 The details of shareholders holding more than 5% shares : Name of the Shareholder No. of Shares % held No. of Shares % held Life Insurance Corporation of India 29,69,44, ,35,20, The reconciliation of the number of shares outstanding is set out below : Particulars No. of Shares No. of Shares Equity Shares at the beginning of the year 323,19,01, ,86,63,382 Add : Shares issued on exercise of Employee Stock Options 37,86,907 32,38,476 Equity Shares at the end of the year 323,56,88, ,19,01, The Company has reserved issuance of 12,67,18,207 (Previous year 13,05,05,114) Equity Shares of ` 10 each for offering to Eligible Employees of the Company and its subsidiaries under Employees Stock Option Scheme (ESOS). During the year the Company has granted 45,419 options which includes 21,367 options at a price ` 936 per option, 13,052 options at a price of ` 961 per option and 11,000 options at a price of ` 843 per option plus all applicable taxes, as may be levied in this regard on the Company (Previous year 71, 866 options which includes 60,866 options at a price of ` 860 per option and 11,000 options at a price of ` 880 per option plus all applicable taxes, as may be levied in this regard on the Company) to the Eligible Employees. The options would vest over a maximum period of 7 years or such other period as may be decided by the Human Resources, Nomination and Remuneration Committee from the date of grant based on specified criteria. 1.7 Share Application Money Pending Allotment represents application money received on account of Employees Stock Option Scheme.

2 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone RESERVES AND SURPLUS Capital Reserve As per last Balance Sheet Capital Redemption Reserve As per last Balance Sheet Securities Premium Reserve As per last Balance Sheet 47,850 47,645 Add : On issue of shares Less: Calls in arrears by others [` 1,93,288 (Previous Year ` 1,93,288)] Debentures Redemption Reserve 48,089 47,850 48,089 47,850 As per last Balance Sheet 1,117 1,117 Revaluation Reserve As per last Balance Sheet 1,055 Less: Transferred to Profit and Loss Account 1,055 General Reserve As per last Balance Sheet 1,35,210 1,18,000 Add: Transferred from Profit and Loss Account 18,000 18,000 Less: Transferred to Profit and Loss Account 790 Profit and Loss Account 1,53,210 1,35,210 As per last Balance Sheet 9,326 8,610 Add: Profit for the year 22,719 21,984 32,045 30,594 Less: Appropriations Adjustment relating to Fixed Assets (Refer Note No. 10.9) 318 Transferred to General Reserve 18,000 18,000 Proposed Dividend on Equity Shares [Dividend per Share ` 10 / (Previous year ` 9.5/)] 2,944 2,793 Tax on Dividend ,168 9,326 TOTAL 2,12,923 1,93,842

3 214 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report Non Current Current Non Current Current 3. LONG TERM BORROWINGS Secured Non Convertible Debentures 1, , Long Term Maturities of Finance Lease Obligations (Refer Note No and 32) 1, , Unsecured Bonds 20, ,941 Term Loans from Banks 54,560 7,428 51,211 4,025 74,863 8,285 61,152 4,025 TOTAL 76,227 8,476 62,708 4, Non Convertible Debentures referred above to the extent of: a) ` 533 crore are secured by way of first mortgage / charge on all the properties situated at Hazira Complex and at Patalganga Complex of the Company. b) ` 500 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (SEZ unit) of the Company. c) ` 370 crore are secured by way of first mortgage / charge on the immovable properties situated at Hazira Complex and at Jamnagar Complex (other than SEZ units) of the Company. d) ` 31 crore are secured by way of first mortgage / charge on certain properties situated at Surat in the State of Gujarat and on Fixed Assets situated at Allahabad Complex of the Company. 3.2 Maturity Profile and Rate of Interest of Non Convertible Debentures are as set out below : Non Current Current Rate of Interest TOTAL Zero Coupon Debentures % % % TOTAL , Finance Lease Obligations are secured against Leased Assets. 3.4 Maturity Profile and Rate of Interest of Bonds are as set out below : Non Current Current Rate of Interest TOTAL % % 6,250 6, % 4,687 4, % % 1,013 1, % % % 1,062 1, % % % % % % TOTAL , ,250 1,300 2,547 15,

4 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 3.5 Bonds include 5.875% Senior Perpetual Notes (the "Notes") of ` 5,000 crore. The Notes have no fixed maturity date and the Company will have an option, from time to time, to redeem the Notes, in whole or in part, on any semiannual interest payment date on or after February 5, 2018 at 100% of the principal amount plus accrued interest. 3.6 Maturity Profile of Unsecured Term Loans are as set out below : Maturity Profile 612 years 25 years TOTAL 1 year Term Loans from Banks 11,893 42,667 54,560 7, DEFERRED TAX LIABILITY (NET) Deferred Tax Liability Related to Fixed Assets 12,956 12,376 Deferred Tax Assets Disallowances under the Income Tax Act, TOTAL 12,677 12, LONG TERM PROVISIONS During the current financial year, Tapti Joint Venture (JV) achieved resolution with Government of India (GoI) that the Tapti JV will assume responsibility for abandonment obligation of Tapti Part B facilities. Accordingly, the Company has recognized a liability related to dismantling and abandonment of facilities based on the estimated future expenditure. Further the Company has also recognized similar liabilities for D1D3 and MA fields based on the estimates provided in the development plan. Aggregate provision recognised is ` 1,404 crore ($ Million) 6. SHORT TERM BORROWINGS Secured Working Capital Loans From Banks Foreign Currency Loans Rupee Loans 17 7, ,989 From Others Rupee Loans 1,199 Unsecured Other Loans and Advances From Banks Foreign Currency Loans Buyers/Packing Credit 12,242 13,582 TOTAL 12,914 22, Working Capital Loans from Banks referred above to the extent of: (a) ` 672 crore (Previous Year ` 3,906 crore) are secured by hypothecation of present and future stock of raw materials, stockinprocess, finished goods, stores and spares (not relating to plant and machinery), book debts, outstanding monies, receivables, claims, bills, materials in transit, etc. save and except receivables of Oil and Gas Division. (b) ` Nil (Previous Year ` 3,105 crore) are secured by way of lien on Fixed Deposits and ` Nil (Previous Year ` 978 crore) are secured by lien on Government Securities.

5 216 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report Working Capital Loan from Others of ` Nil (Previous Year ` 1,199 crore) are secured by lien on Government Securities. 7. TRADE PAYABLES Micro, Small and Medium Enterprises Others 54,339 57,754 TOTAL 54,470 57, The details of amounts outstanding to Micro, Small and Medium Enterprises based on information available with the Company is as under: Particulars Principal amount due and remaining unpaid Interest due on above and the unpaid interest Interest paid Payment made beyond the appointed day during the year Interest due and payable for the period of delay Interest accrued and remaining unpaid Amount of further interest remaining due and payable in succeeding years 8. OTHER CURRENT LIABILITIES Current maturities of Long Term Debt 8,449 4,459 Current maturities of Finance Lease Obligations (Refer Note No. 3 and 10.8) 8,476 4,484 Current maturities of Deferred Payment Liabilities 3 3 Interest accrued but not due on borrowings Unclaimed Dividends # Application money received and due for refund # 1 1 Unclaimed/ Unpaid matured Debentures and Interest accrued thereon # 1 1 Other Payables * 10,129 5,909 TOTAL 19,063 10,767 # These figures do not include any amounts due and outstanding, to be credited to Investor Education and Protection Fund except ` 15 crore (Previous Year ` 12 crore) which is held in abeyance due to legal cases pending. * Includes Statutory Dues, Security Deposit, Creditors for Capital Expenditure and Advance from Customers. 9. SHORT TERM PROVISIONS Provisions for Employee Benefits (Refer Note No. 23.1) Proposed Dividend 2,944 2,793 Tax on Dividend Provision for Wealth Tax Other Provisions # TOTAL 4,854 4,167

6 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone # The Company had recognised liability based on substantial degree of estimation for excise duty payable on clearance of goods lying in stock as on of ` 300 crore as per the estimated pattern of dispatches. During the year, ` 300 crore was utilised for clearance of goods. Provision recognised under this class for the year is ` 489 crore which is outstanding as on 31st March, Actual outflow is expected in the next financial year. The Company had recognised customs duty liability on goods imported under various export incentive schemes of ` 346 crore as at. During the year, further provision of ` 538 crore was made and sum of ` 395 crore were reversed on fulfillment of export obligation. Closing balance on this account as at is ` 489 crore. Other class of provisions where recognition is based on substantial degree of estimation relate to disputed customer / supplier / third party claims, rebates or demands against the Company. Any additional information in this regard can be expected to prejudice seriously the position of the Company. 217 Description Additions / Adjustment Gross Block Depreciation / Amortisation / Depletion Net Block Deductions/ Adjustments For the Year# Deductions/ Adjustments FIXED ASSETS TANGIBLE ASSETS : OWN ASSETS : Leasehold Land 1, , ,302 1,253 Freehold Land 1, ,598 1,598 1,497 Buildings 9, ,422 3, ,916 5,506 5,808 Plant & Machinery 1,40,810 4, ,44,378 76,094 5, ,397 63,981 64,716 Electrical Installations 8, ,519 2, ,154 5,365 5,637 Equipments $ 2,384 1, ,439 1, ,914 1, Furniture & Fixtures Vehicles Ships Aircrafts & Helicopters SUBTOTAL 1,65,176 6, ,70,525 84,902 6, ,832 79,693 80,274 LEASED ASSETS : Plant & Machinery Ships SUBTOTAL TOTAL (A) 1,65,504 6, ,70,853 85,136 6, ,075 79,778 80,368 INTANGIBLE ASSETS : * Technical Knowhow Fees 3, ,497 2, ,370 1,127 1,266 Software Development Rights 43,564 8,096 51,660 24,218 2,068 26,286 25,374 19,346 Others 9,179 9, ,063 8,116 8,180 TOTAL (B) 57,061 8,148 65,209 28,023 2,401 30,424 34,785 29,038 TOTAL (A + B) 2,22,565 14, ,36,062 1,13,159 9, ,21,499 1,14,563 1,09,406 PREVIOUS YEAR 2,13,154 10,531 1,120 2,22,565 1,03,406 10,771 1,018 1,13,159 1,09,406 Capital WorkinProgress 65,178 32,673 Intangible Assets under Development $ Includes Office Equipments * Other than internally generated # Depreciation for the year includes depreciation of ` 182 crore (Previous Year ` 137 crore) capitalised during the year. 10,575 9, Leasehold Land includes ` 203 crore (Previous Year ` 203 crore) in respect of which leasedeeds are pending execution Buildings includes : i) Cost of shares in Cooperative Housing Societies ` 1 crore (Previous Year ` 1 crore). ii) ` 5 crore (Previous Year ` 5 crore) in respect of which conveyance is pending. iii) ` 93 crore (Previous Year ` 93 crore) in shares of Companies / Societies with right to hold and use certain area of Buildings.

7 218 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report Intangible Assets Others includes : i) Jetties amounting to ` 812 crore (Previous Year ` 812 crore), the Ownership of which vests with Gujarat Maritime Board. ii) ` 8,367 crore (Previous Year ` 8,367 crore) in preference shares of subsidiaries and lease premium paid with right to hold and use Land and Buildings Capital WorkinProgress and Intangible Assets under Development includes : i) ` 6,770 crore (Previous Year ` 4,204 crore) on account of Project Development Expenditure. ii) ` 16,346 crore (Previous Year ` 10,951 crore) on account of cost of construction materials at site Project Development Expenditure (in respect of Projects up to, included under Capital WorkinProgress and Intangible Assets under Development) Opening Balance 4,204 2,795 Add: Transferred from Profit and Loss Account (Refer Note no. 26) 1, Interest Capitalised (Refer Note no. 24) 1, ,635 1,416 6,839 4,211 Less: Project Development Expenses Capitalised during the year 69 7 Closing Balance 6,770 4, The Gross Block of Fixed Assets includes ` 38,122 crore (Previous Year ` 38,122 crore) on account of revaluation of Fixed Assets carried out since inception Additions in Plant and Machinery, Capital WorkinProgress, Intangible Assets Development Rights and Intangible Assets under Development includes ` 4,709 crore (net loss) [Previous Year ` 8,678 crore (net loss)] on account of exchange difference during the year i) In respect of Fixed Assets acquired on finance lease on or after 1st April, 2001, the minimum lease rentals outstanding as on are as follows: Total Minimum Lease Payments outstanding 31st March Future interest on Outstanding Lease Payments Present value of Minimum Lease Payments 31st March Within one year Later than one year and not later than five years TOTAL ii) iii) General Description of Lease Terms: Assets are taken on Lease over a period of 5 to 10 years. Fixed Assets taken on finance lease prior to 1st April, 2001, amount to ` 444 crore (Previous Year ` 444 crore). Future obligations towards lease rentals under the lease agreements as on amount to ` 1 crore (Previous Year ` 2 crore) Within one year ` 44,00,000 (Previous Year ` 44,00,000) Later than one year and not later than five years 1 2 TOTAL 1 2

8 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 10.9 Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II, except in respect of certain assets as disclosed in Accounting Policy on Depreciation, Amortisation and Depletion. Accordingly the unamortised carrying value is being depreciated / amortised over the revised/ remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to ` 318 crore. 11. NONCURRENT INVESTMENTS (Long Term Investments) (Valued at cost less other than temporary diminution in value, if any) Trade Investments In Equity Shares Unquoted, fully paid up 1,00,00,000 Petronet India Limited of ` 10 each (1,00,00,000) In Equity Shares of Associate Companies Unquoted, fully paid up 64,29,20,000 (64,29,20,000) Gujarat Chemical Port Terminal Company Limited of ` 1 each ,63,125 (62,63,125) 11,08,500 (11,08,500) 52,00,000 (52,00,000) Indian Vaccines Corporation Limited of ` 10 each Reliance Europe Limited of Sterling Pound 1 each Reliance Utilities and Power Private Limited Class A shares of ` 1 each [` 40,40,000 (Previous Year ` 40,40,000)] In Preference Shares of Associate Company Unquoted, fully paid up 50,00,00,000 (50,00,00,000) 9% NonCumulative Redeemable Preference Shares of Reliance Gas Transportation Infrastructure Limited of ` 10 each ,000 2,000 2,000 2,000 Total Trade Investments (A) 2,079 2,079 Other Investments In Equity Shares of Associate Company Quoted, fully paid up 68,60,064 (68,60,064) Reliance Industrial Infrastructure Limited of ` 10 each In Equity Shares of Associate Company Unquoted, fully paid up 22,500 (22,500) Reliance LNG Limited of ` 10 each [` 2,25,000 (Previous Year ` 2,25,000)] In Equity Shares of Subsidiary Companies Unquoted, fully paid up 12,50,000 Reliance Energy Generation and Distribution 1 1 (12,50,000) Limited of ` 10 each 12,11,60,000 () Reliance Ethane Holding Pte. Ltd. of $ 1 each

9 220 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,00,00,000 (50,000) 2,00,000 (2,00,000) 14,75,04,400 (14,75,04,400) 42,450 (42,450) 29,74,74,90,000 (22,69,44,90,000) 5,50,000 () 5,66,70,00,000 (5,66,70,00,000) 20,20,200 (20,20,200) Reliance Gas Pipelines Limited of ` 10 each (Previous Year ` 5,01,256) Reliance Global Business B.V. of Euro 0.01 each [` 1,25,400 (Previous Year ` 1,25,400)] Reliance Industrial Investments and Holdings Limited of `10 each Reliance Industries (Middle East) DMCC of AED 1000 each Reliance Jio Infocomm Limited of `10 each Reliance Jio Messaging Services Private Limited of ` 10 each Reliance Retail Ventures Limited of ` 10 each Reliance Strategic Investments Limited of ` 10 each ,747 22, ,667 5, ,91,150 Reliance Ventures Limited of ` 10 each 2,351 2,351 (26,91,150) 38,865 30,910 In Corpus of TrustUnquoted Investment in Corpus of Independent Media Trust 1,089 1,089 39,970 30,926 In Preference Shares of Subsidiary Companies Unquoted, fully paid up 63,436 (63,436) 5% Non Cumulative Compulsorily Convertible Preference Shares of Reliance Industries (Middle East) DMCC of AED 1000 each ,02,800 (4,02,800) 5,93,90,00,000 (8,04,83,61,211) 9% Non Cumulative Compulsorily Convertible Preference Shares of Reliance Strategic Investments Limited of ` 1 each Reliance Global Business B.V. A Class Shares of Euro 0.01 each In Debentures of Subsidiary Companies Unquoted, fully paid up 2,79,90,000 0% Unsecured Convertible Debentures (2,79,90,000) of Reliance Industrial Investments and Holdings Limited of ` 100 each 8,83,143 (8,83,143) 1,10,00,00,000 () 1,11,60,000 () 1,23,60,00,000 () 0% Unsecured Convertible Redeemable Debentures of Reliance Industrial Investments and Holdings Limited of ` 5,000 each Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Industrial Investments and Holdings Limited of ` 10 each Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Universal Traders Private Limited of ` 10 each Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Prolific Traders Private Limited of ` 10 each , ,236

10 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 221 2,97,40,000 () 1,97,90,000 () 6,51,50,000 () Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Prolific Commercial Private Limited of ` 10 each Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Ambit Trade Private Limited of ` 10 each Zero Coupon Unsecured Optionally Fully Convertible Debentures of Reliance Gas Pipelines Limited of ` 10 each In Government SecuritiesUnquoted 6 Years National Savings Certificate (Deposited with Sales Tax Department and other Government Authorities ) [` 87,420 (Previous Year ` 1,37,420 )] , In Government SecuritiesQuoted 3,551 5,357 In Fixed Maturity Plan Quoted fully paid up Axis Fixed Maturity Plan 259 (25,90,00,000) (Series 47/49/52/55/59/60) Growth 1,50,75,101 Baroda Pioneer Fixed Maturity Plan (6,00,00,000) (Series J/M/N) Growth 27,98,82,768 Birla Sun Life Fixed Term Plan (Series JA/JI/JQ/ (63,10,00,000) JX/JR/KA/KC/KE/KJ/KM/KO/KP/KR/KT/MA/MD/ MK) Growth 20,93,53,761 DSP Black Rock Fixed Term Plan (15,50,00,000) (Series 36/37/146/149/150/151/152) Growth 5,00,00,000 DWS Fixed Maturity Plan (22,80,00,000) (Series 45/47/49/52/53/85) Growth 14,01,55,380 DWS Fixed Maturity Plan Close Ended Debt Fund (14,00,00,000) (Series 54/57/62/63/82/87) Growth 3,50,00,000 HDFC Fixed Maturity Plan (80,00,00,000) (Series 28/29/33) Growth HSBC Fixed Term (Series 105) Growth 60 (6,00,00,000) 77,12,14,635 ICICI Fixed Maturity Plan (83,50,00,000) (Series 71/72/73/75/76) Growth 3,79,28,740 IDFC Fixed Maturity Plan (Series 21/49/50/51/ (28,80,00,000) 57/60/64/66/70/72/75/79/84/86) Growth JPMorgan India Fixed Maturity Plan 105 (10,50,00,000) (Series 30/33) Growth 5,45,14,579 Kotak Fixed Maturity Plan (Series 132/133/136/ (40,00,00,000) 141/142/145/146/147/149) Growth L&T Fixed Maturity Plan 195 (19,50,00,000) (Series IX/X) (Plan B/H/J/M/Q/S/T) Growth 3,00,00,000 LIC Nomura Mutual Fund Fixed Maturity Plan (12,00,00,000) (Series 64/72/76/77/79/89/90) Growth Principal PNB Fixed Maturity Plan 25 (2,50,00,000) (Series B10) Growth 32,99,25,439 (30,00,00,000) Reliance Fixed Horizon Fund (Series 2/4/5/6/7/8/10/11/27/33) (Plan XXV/XXVI/XXVII/XXVIII) Growth

11 222 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,78,25,006 Religare Fixed Maturity Plan (Series XXI/XXII/ (3,50,00,000) XXIV/XXV) (Plan A/D/E/F/H) Growth 23,93,60,369 SBI Debt Fund (Series A/B 1/2/3/4/5/6/8/9/10/1 (57,50,00,000) 1/16/17/47/49) Growth SBI Debt Fund Double Indexation Fund (7,00,00,000) (Series A14) Growth Sundaram Fixed Term Plan (8,80,00,000) (Series FD/FI/EU/PL) Growth 2,74,08,274 Tata Fixed Maturity Plan (Series 45/46) (17,00,00,000) (Scheme C/K/M/N/Q/T) Growth 27,37,96,672 UTI Fixed Term Income Fund (Series XVIII/XVII (13,50,00,000) IV/XVIIVII/XVIIXIII/XVIIXIV/XVIIII/XXVIII/XXX/ XXIXI) Growth ,721 5,674 In Debentures or Bonds Unquoted 820 (3,000) Tata Sons Limited In Debentures or Bonds Quoted 100 Export Import Bank of India 10 () 55,350 Housing Development Finance Corporation 4,389 3,293 (32,550) Limited 42,62,612 Indian Railway Finance Corporation Limited (42,62,612) 8,050 Infrastructure Development Finance Company (3,500) Limited 11,250 (6,350) LIC Housing Finance Limited 1, (550) National Bank for Agriculture and Rural Development 55 39,44,752 National Highways Authority of India (49,44,752) 9,49,946 National Thermal Power Company Limited (9,49,946) 42,79,543 Power Finance Corporation Limited 1,203 1,385 (42,81,393) 950 Power Grid Corporation of India Limited 95 3 (20) 12,100 (700) Rural Electrification Corporation Limited 1, State Bank of India 94 () (650) Tata Steel Limited 58 9,850 6,864 Total Other Investments (B) 59,979 50,613 Total Non Current Investments (A + B) 62,058 52,692 Aggregate amount of quoted investments 16,138 17,911 Market Value of quoted investments 16,950 18,039 Aggregate amount of unquoted investments 45,920 34,781

12 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone LONG TERM LOANS AND ADVANCES (Unsecured and Considered Good) Capital Advances # 6,717 4,407 Deposits with Related Parties (Refer Note No. 32) 1,666 1,499 Loans and Advances to Related Parties (Refer Note No. 32) 19,989 21,740 Advance Income Tax (Net of Provision) Other Loans and Advances (Refer Note No (e)) TOTAL 29,259 28,436 # Includes ` 11,92,164 (Previous Year ` 5 crore) to Reliance Utilities and Power Private Limited, ` Nil (Previous Year ` 2 crore) to Reliance Industrial Infrastructure Limited and ` 14,23,851 (Previous Year ` 9,49,234) to Model Economic Township Limited which are related parties Loans and Advances in the nature of Loans given to Subsidiaries and Associates: A) (i) Loans and Advances in the nature of Loans to Subsidiaries (Excluding Debentures): Sr. No. Name of the Company 31st March, 2015 Maximum Balance during the year 31st March, 2014 Maximum Balance during previous year 1. Reliance Industrial Investments and Holdings Limited 17,159 19,787 18,941 20, Reliance Ventures Limited 249 2, , Reliance Strategic Investments Limited 2,121 5, , Reliance Retail Limited 1,737 1,737 1, Reliance Exploration & Production DMCC Reliance Brands Limited Reliance Corporate IT Park Limited 2,791 3, , Reliance Gas Pipelines Limited Reliance Jio Infocomm Limited 1, Reliance Industries (Middle East) DMCC 565 TOTAL 22,353 22,219 All the above loans and advances have been given for business purposes. (ii) Loans and Advances in the nature of Loans to Associate : (iii) (iv) (v) Sr. No. Name of the Company 31st March, 2015 Maximum Balance during the year 31st March, 2014 Maximum Balance during previous year 1. Gujarat Chemical Port Terminal Company Limited TOTAL 6 6 The above loan has been given for the purpose of capital expenditure. Loans and Advances shown above, fall under the category of Long Term Loans & Advances in nature of Loans and are repayable within 3 to 5 years except Short Term Loans and Advances to Reliance Ventures Limited and Reliance Strategic Investments Limited. All the above Loans and Advances are interest bearing except for an amount of ` 11,202 crore given to Reliance Industrial Investments and Holdings Limited and ` 33 crore to Reliance Gas Pipelines Limited. Loans to employees as per the Company s policy are not considered.

13 224 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report B) (i) Investment by the Loanee in the shares of the Company Sr. No. *None of the loanees and loanees of subsidiary companies have, per se, made investments in shares of the Company. These investments represent shares of the Company allotted as a result of amalgamation of erstwhile Reliance Petroleum Limited (amalgamated in ) and Indian Petrochemicals Corporation Limited with the Company under the Schemes approved by the Hon ble High Court of Judicature at Bombay and Gujarat and certain subsequent inter se transfer of shares. Name of the Company No. of Shares held in RIL Amount of Loan Given 1. *Reliance Aromatics and Petrochemicals Limited 2,98,89, *Reliance Energy and Project Development Limited 20,58, (ii) Investment by Reliance Industrial Investments and Holdings Limited in Subsidiaries In Equity Shares : Sr. No. Name of the Company No. of Shares 1 Office Depot Reliance Supply Solutions Private Limited (Class A / B / C) 13,69,27,614 2 Reliance Payment Solutions Limited 10,00,00,000 3 Reliance Sibur Elastomers Private Limited 8,83,86,308 4 Reliance Innovative Building Solutions Private Limited 6,46,93,950 5 Reliance Commercial Land & Infrastructure Limited 4,30,10,000 6 Kanhatech Solutions Private Limited 1,80,00,000 7 Reliance Jio Media Private Limited 1,10,10,000 8 Reliance Universal Enterprises Limited 64,25,000 9 Reliance Retail Insurance Broking Limited 40,00, Reliance Jio Digital Services Private Limited 31,55, Indiawin Sports Private Limited 26,50, Reliance Retail Finance Limited 20,20, Reliance Global Business B.V. 18,00, Reliance Chemicals Limited 10,10, Reliance Polyolefins Limited 10,10, Reliance Aromatics and Petrochemicals Limited 10,09, Reliance Energy and Project Development Limited 10,09, Reliance Exploration & Production DMCC 1,76, Reliance Ethane Holding Pte. Ltd. 1,00, Reliance Aerospace Technologies Limited 50, Reliance World Trade Private Limited 1,000 In Preference Shares : Sr. No. Name of the Company No. of Shares 1 Reliance Jio Infocomm Limited 12,50,00,000 2 Reliance Exploration & Production DMCC 14,66,913 (iii) Investment by Reliance Ventures Limited in Subsidiaries In Equity Shares: Sr. No. Name of the Company No. of Shares 1 Model Economic Township Limited 50,000

14 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 225 (iv) Investment by Reliance Strategic Investments Limited in Subsidiaries In Equity Shares: Sr. No. Name of the Company No. of Shares 1 Reliance Global Commercial Limited 25,500 2 Reliance Universal Commercial Limited 25,000 (v) Investment by Reliance Corporate IT Park Limited in Subsidiaries In Equity Shares: Sr. No. Name of the Company No. of Shares 1 Strategic Manpower Solutions Limited 50, CURRENT INVESTMENTS (Carried at lower of cost and quoted / fair value, including current portion of long term investment) In Government Securities Quoted 4,370 1,318 Collateral Borrowing and Lending Obligation Unquoted In Debentures or Bonds Quoted, fully Paid up 4,850 (3,050) 6,950 (100) 20 (20) 150 () 23,957 () Housing Development Finance Corporation Limited Power Finance Corporation Limited Power Grid Corporation of India Limited 3 3 Rural Electrification Corporation Limited 15 State Bank of India 145 In Debentures or Bonds Unquoted, fully Paid up 2,150 () 1, Tata Sons Limited 215 In Fixed Maturity Plan Quoted, fully Paid up 25,90,00,000 (2,50,00,000) 6,00,00,000 (9,80,00,000) 64,10,00,000 (1,89,00,00,000) (26,00,00,000) (13,50,00,000) Axis Fixed Term Plan (Series 34/47/49/52/55/59/60) Growth Baroda Pioneer Fixed Maturity Plan (Series C/E/G/J/M/N) Growth Birla Sun Life Fixed Term Plan (Series GA/GB/GF/GT/ GV/HI/HK/HL/HM/HQ/HS/HV/HY/IA/JA/JE/JG/JI/JL/JN/ JO/JQ/JR/JT/JU/JX/JY/JZ/KA/KC/KD/KE/KF/KG/KH/KI/ KJ/KK/KN/KO/KP/KQ/KR/KS/KT) Growth Birla Sun Life Interval Income Fund (Annual Plan VIII/IX/X) Growth BNP Paribas Fixed Term Fund (Series 24A/26A/26C/29B) Growth ,

15 226 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,50,00,000 (1,67,00,00,000) 22,80,00,000 (47,50,00,000) 14,00,00,000 (7,50,00,000) (5,00,00,000) 84,56,47,510 (2,13,70,00,000) 6,00,00,000 (13,50,00,000) 2,98,46,064 (19,99,03,904) 7,50,00,000 (1,75,00,00,000) 79,00,00,000 (92,40,00,000) (2,00,00,000) 31,30,00,000 (85,50,00,000) 8,79,22,280 (11,07,54,164) (2,50,00,000) 10,50,00,000 (50,00,00,000) 40,00,00,000 (1,14,00,00,000) 19,50,00,000 (33,70,00,000) 18,00,00,000 (31,00,00,000) 28,13,373 (68,00,038) 2,50,00,000 () (4,95,01,683) 30,00,00,000 (68,00,00,000) DSP Black Rock Fixed Maturity Plan (Series 36/37/88/ 89/91/93/95/103/104/105/107/108/109/110/113/117/ 130/144/146/149/150/151/152/153/155) Growth DWS Fixed Maturity Plan (Series 26/28/30/32/34/36/ 42/43/45/46/47/48/49/50/52/53) Growth DWS Fixed Maturity Plan Close Ended Debt Fund (Series 51/54/55/57/62/63) Growth 155 1, DWS Interval Fund Annual Plan Growth 50 HDFC Fixed Maturity Plan (Series 366D/369D/370D/ 371D/372D/377D/384D/390D/398D/400D/434D/435 D/441D/447D/453D/478D/491D/504D/526D/531D/ 540D/566D) Growth HSBC Fixed Term Plan (Series 90/94/96/101104/105) Growth ICICI Prudential Fixed Maturity Annual Interval Plan (Series VI/VII) (Plan C/D/F/I) Cumulative ICICI Prudential Fixed Maturity Plan (Series 65/66/67/68/69/70/71) (Plan A/C/D/E/G/H/I/J/K/M) Cumulative ICICI Prudential Fixed Maturity Plan (Series 72/73) (Plan A/B/C/D/E/F/G/H/I/J/K/L/M/N/O/P/R/S/T) Growth 846 2, , IDBI Fixed Maturity Plan (Series III) Dividend 20 IDFC Fixed Maturity Plan (Series 11/14/21/24/25/27/ 31/32/33/34/49/50/51/54/57/59/60/64/65/66/67/69/ 70/72/74/75/78/79/81/84/85/86) Growth IDFC Yearly Interval Fund (Series I/II/III) Growth JM Fixed Maturity Plan (Series FXXIV) (Plan C) Growth JPMorgan India Fixed Maturity Plan (Series 12/13/16/18/21/30/31/32/33) Growth Kotak Fixed Maturity Plan (Series 97/98/99/100/101/ 102/104/105/106/107/110/111/112/114/116/118/119 /132/133/136/137/138/139/141/142/143/144/145/ 146/147/149/152) Growth L & T Fixed Maturity Plan (Series VII/VIII/IX/X) (Plan A/B/D/G/I/J/H/L/M/Q/S/T) Growth LIC Nomura Fixed Maturity Plan (Series 55/56/58/60/ 62/63/64/66/68/72/73/75/76/77/79/81/86) Growth , LIC Nomura Interval Fund (Series 1) Growth 4 10 Principal PNB Fixed Maturity Plan Series B10 25 Reliance Annual Interval Fund (Series 1) Growth 60 Reliance Fixed Horizon Fund (Series XXII/XXIII/XXIV/XXV/XXVI) Growth

16 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 227 (24,78,28,132) 3,50,00,000 (15,50,00,000) 3,50,00,000 (19,50,00,000) 64,50,00,000 (1,72,00,00,000) 8,80,00,000 (31,00,00,000) 17,00,00,000 (96,90,00,000) (3,04,93,690) 13,50,00,000 (1,42,00,00,000) In Mutual Fund Quoted 2,50,000 () 14,23,59,900 () 3,25,87,726 () 18,69,31,029 () 26,80,90,641 () 3,25,53,638 () 9,11,243 () 97,58,08,342 () 3,21,07,882 () 30,00,00,000 () Reliance Yearly Interval Fund (Series 3/6/8) Growth 250 Religare Fixed Maturity Plan (Series XVII/XVIII/XXII) (Plan A/B/D/F) Growth Religare Invesco Fixed Maturity Plan (Series XIX/XXI/XXII) (Plan A/C/E/F/G/H) Growth SBI Debt Fund (Series 1/2/3/5/9/10/11/12/13/14/15/ 16/17/25/28/29/32/33/34/36/37/38/39/41/47/48/49/ 51/52/53/54) Growth Sundaram Fixed Term Plan (Series DC/DF/DH/DO/ DQ/DR/EW/EU/EX/EY/FB/FD/FF/FI/FJ) Growth Tata Fixed Maturity Plan (Series 42/43/44/45/46) (Scheme A/B/C/D/E/G/H/I/K/L/M/N/O/P/Q/T) Growth UTI Fixed Income Interval Fund Annual Interval Plan (Series II/IV) Growth UTI Fixed Term Income Fund (Series XIIIIII/XIVVIII/ XVI/XVII/XVIII/XVIV/XVV/XVVI/XVVII/XVX/XVII/ XVIIV/XVIVII/XVIII/XVIIII/XVIIIV/XVIIV/XVIIVII/ XVIIX/XVIIXIII/XVIIXIV/XVIIXVI/XVIIXX/XVIIII/ XVIIIIII/XVIIIIV/XVIIIVII) Growth Canara Robeco Capital Protection Fund Growth [` 25,00,000 (Previous Year ` Nil)] , ,420 6,004 18,941 Franklin India Corp Bond Opportunities Fund Growth 200 Franklin India Income Builder Account Growth 150 Franklin India Income opportunities fund Growth 300 Franklin India Low Duration Fund Growth 400 Franklin India Savings Plus Fund Growth 75 Franklin India Short Term Income Plan Growth 250 HDFC Corporate Debt Opportunities Fund Dividend 1,000 HDFC Dynamic Bond Fund Growth 150 HDFC Floating Rate Income Fund Long Term Plan Dividend 300 5,30,69,730 HDFC Gilt Fund Long Term Growth 150 () 61,07,51,216 HDFC High Interest Fund Short Term Plan Dividend 625 () 12,80,60,101 HDFC Income Fund Growth 400 () 33,79,24,449 HDFC Medium Term Opportunities Fund Dividend 350 ()

17 228 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,42,59,007 () 47,91,71,028 () 1,66,50,000 () 66,83,30,981 () 21,42,10,231 () 8,15,59,748 () 5,70,000 () 4,43,27,649 () 6,85,74,208 () In Mutual Fund Unquoted (2,27,889) 12,45,78,631 () 7,59,94,772 (7,59,94,772) 1,98,28,31,662 () 9,73,33,060 () 6,07,43,008 () 60,94,85,042 () HDFC Short Term Opportunities Fund Dividend 300 HDFC Short Term Plan Dividend 485 ICICI Prudential Nifty Exchange Traded Fund 149 IDFC Dynamic Bond Fund Dividend 725 IDFC Money Manager Fund Investment Plan Dividend IDFC Super Saver Income Fund Short Term Plan Growth Kotak Nifty Exchange Traded Fund Growth 50 Sundaram Growth Fund Dividend 70 Sundaram Select Debt Dividend 75 6,629 Axis Banking Debt Fund Growth 25 Axis Short Term Fund Dividend 125 Axis Short Term Fund Growth Birla Sun Life Dynamic Bond Fund Dividend 2,100 Birla Sun Life Income Plus Growth 600 Birla Sun Life Index Fund Dividend 150 Birla Sun Life Short Term Opportunities Fund Dividend 875 7,41,06,213 Birla Sun Life Treasury Optimizer Plan Dividend 850 () 29,22,23,922 Birla Sun Life Dynamic Bond Fund Growth (29,22,23,922) 2,29,32,203 Birla Sun Life Enhanced Arbitrage Fund Dividend 25 () 28,92,79,309 Birla Sun Life Short Term Fund Dividend 300 () 22,34,01,784 Birla Sun Life Short Term Fund Growth 1,000 1,000 (22,34,01,784) 4,95,70,718 DSP Black Rock Banking & PSU Debt Fund Growth (4,95,70,718) 15,82,42,871 DSP Black Rock Income Opportunities Fund Growth 350 () 7,22,79,657 DSP Black Rock Short Term Fund Growth (7,22,79,657)

18 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone ,03,028 () 2,43,52,942 () 7,15,76,496 () 2,46,06,581 (3,61,86,149) 2,40,93,515 (2,40,93,515) 1,84,06,566 (1,84,06,566) (11,79,24,798) (3,25,53,638) 29,63,61,644 (29,63,61,644) 50,00,000 (50,00,000) (11,23,62,581) 8,34,43,987 () 18,54,84,708 (21,41,12,926) 47,31,50,819 () 3,61,78,141 (3,61,78,141) 8,12,12,898 (4,06,37,366) 11,08,46,926 (11,08,46,926) 66,48,88,122 () DSP Black Rock Strategic Bond Institutional Fund Dividend 250 DWS Arbitrage Fund Dividend 25 DWS Banking and PSU Debt Fund Dividend 75 DWS Insta Cash Plus Fund Super Institutional Plan Bonus DWS Mutual Fund Insta Cash Plus Bonus DWS Treasury Fund Investment Bonus DWS Treasury Fund Investment Growth 159 Franklin India Savings Plus Fund Growth 75 HDFC Short Term Opportunities Fund Growth HDFC Debt Fund for Cancer Cure 50% Regular Option Dividend HDFC Floating Rate Income Fund Long Term Plan Growth HDFC Liquid Fund Growth 230 HDFC Medium Term Opportunities Fund Growth ICICI Prudential Banking and PSU Debt Fund Dividend 475 ICICI Prudential Banking and PSU Debt Fund Growth ICICI Prudential Blended Plan A Dividend ICICI Prudential Blended Plan B Growth ICICI Prudential Corporate Bond Fund Dividend ,12,46,791 ICICI Prudential Equity Arbitrage Fund Dividend (3,98,32,730) ICICI Prudential Gilt Fund Dividend Reinvestment 25 (2,41,47,124) 47,47,16,615 ICICI Prudential Income Plan Dividend 475 () 2,66,12,448 ICICI Prudential Long Term Gilt Fund Growth 125 () 1,01,65,79,969 () ICICI Prudential Short Term Plan Dividend 1,025 ICICI Prudential Ultra Short Term Growth 200 (16,20,52,229) 7,50,00,000 ICICI Prudential Ultra Short Term Plan Dividend 75 ()

19 230 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,00,00,000 () 13,37,083 () 39,68,11,202 (12,63,13,875) 10,35,81,344 () (29,82,16,282) 7,48,48,058 () (21,48,65,792) 60,22,44,143 () 10,88,83,711 (19,04,43,459) 16,56,58,516 () (2,50,000) 13,99,57,033 () (61,49,62,892) 20,94,33,717 () 4,50,68,027 (4,50,68,027) 19,71,60,883 (19,71,60,883) (1,36,85,132) 3,81,67,259 () ICICI Regular Saving Fund Dividend 500 IDBI Liquid Fund Growth 200 IDFC Arbitrage Fund Dividend IDFC Arbitrage Plus Fund Dividend 125 IDFC Banking Debt Fund Growth 319 IDFC Government Securities Fund Investment Plan Growth 125 IDFC Money Manager Fund Investment Plan Growth 400 IDFC Super Saver Income Fund Medium Term Plan Dividend IDFC Super Saver Income Fund Short Term Growth IDFC Super Saver Income Fund Short Term Plan Dividend Indiabulls Short Term Fund Growth 25 JPMorgan India Active Bond Fund Dividend 200 JPMorgan India Treasury Fund Bonus 629 JM Arbitrage Advantage Fund Bonus 208 JM Money Manager Fund Super Plan Bonus JM Money Manager Fund Super Plus Plan Bonus JM Money Manager Fund Super Plan Growth 25 Kotak Bond Fund Plan A Dividend 150 3,15,22,512 Kotak Bond Scheme Plan A Growth 125 () 13,40,05,771 Kotak Bond Short Term Plan Growth (13,40,05,771) 20,50,03,232 Kotak Equity Arbitrage Fund Dividend (10,68,70,464) 16,88,74,261 Kotak Income Opportunities Fund Dividend 190 () 11,16,73,351 () Kotak Medium Term Fund Dividend 125 2,00,00,000 L&T Arbitrage Opportunities Fund 20 () 5,79,076 L&T Cash Bonus Liquid Fund (16,54,740)

20 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone 231 L&T Floating Rate Fund Growth 83 (7,21,37,997) 15,01,53,208 L&T Income Opportunity Fund Dividend 150 () 10,00,92,744 L&T Short Term Opportunities Fund Dividend 100 () 10,75,21,101 L&T Triple Ace Bond Fund Bonus (10,75,21,101) 11,76,732 (10,76,394) LIC Nomura Liquid Fund Growth ,72,07,221 LIC Nomura Savings Plus Fund Growth 100 () (1,62,107) Principal Bank CD Fund Growth 25 9,52,48,074 Reliance Arbitrage Advantage Fund Dividend 100 () 4,66,24,829 Reliance Corporate Bond Fund Dividend 50 () 11,53,39,989 Reliance Corporate Bond Fund Growth 125 () 65,66,28,473 () Reliance Floating Rate Fund Short Term Plan Dividend 675 7,60,51,576 Reliance Income Fund Growth 350 () 97,40,32,447 Reliance Regular Savings Fund Debt Plan Dividend 1,000 () 1,36,24,06,377 () Reliance Short Term Fund Dividend 1,425 6,03,55,015 Religare Invesco Arbitrage Fund Bonus (10,68,81,070) 1,55,32,291 Religare Invesco Arbitrage Fund Dividend 20 () 2,33,47,858 () Religare Invesco Growth Fund Dividend 50 5,58,353 Religare Invesco Short Term Fund Dividend 75 () 17,98,180 Religare Invesco Short Term Fund Growth (17,98,180) 5,08,30,350 SBI Arbitrage Opportunity Fund Dividend 70 () 23,19,53,980 SBI Dynamic Bond Fund Growth 400 () 3,18,960 SBI Premier Liquid Fund Growth 70 () 39,21,38,152 (36,08,46,691) SBI Short Term Debt Fund Growth ,81,54,863 Sundaram Flexible Fund Short Term Plan Bonus (17,81,54,863) Sundaram Flexible Fund Short Term Plan Growth 121 (6,20,51,677)

21 232 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report ,09,68,369 (17,58,87,636) 9,57,31,798 (9,57,31,798) 34,20,77,650 () 25,00,00,000 () 25,58,386 () 12,03,386 (36,10,159) 12,62,99,078 () 8,73,988 () 52,77,23,010 () 35,25,25,179 (35,25,25,179) Sundaram Money Fund Bonus Sundaram Select Debt Short Term Asset Plan Bonus Tata Short Term Bond Fund Dividend 475 UTI Bond Fund Dividend 250 UTI Floating Rate Fund Dividend 300 UTI Floating Rate Fund Growth UTI Income Opportunities Fund Growth 160 UTI Liquid Fund Cash Plan Growth 200 UTI Short Term Income Fund Institutional Plan Dividend UTI Short Term Income Fund Institutional Plan Growth ,186 10,626 In Treasury Bills Quoted 3 15 In Commercial Paper Unquoted Housing Development Finance Corporation Limited 369 Small Industries Development Bank Of India Limited In Certificate of Deposits Unquoted Andhra Bank Canara Bank 2, Central Bank of India 187 IDBI Bank 461 Indian Bank Oriental Bank of Commerce State Bank of Patiala 71 UCO Bank 478 Union Bank of India 91 5,434 1,430 Total Current Investments 50,515 33,370 Aggregate amount of quoted investments 18,350 20,590 Market Value of quoted investments 19,158 21,655 Aggregate amount of unquoted investments 32,165 12,780

22 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone INVENTORIES Raw Materials (Including Material In Transit) 18,974 23,454 StockinProcess 5,209 6,546 Finished Goods 9,409 10,071 Stores, Chemicals and Packing Materials 2,872 2,789 StockinTrade TOTAL 36,551 42, TRADE RECEIVABLES (Unsecured and Considered Good) Outstanding for a period exceeding six months Others 4,581 10,599 TOTAL 4,661 10, CASH AND BANK BALANCES Cash and Cash Equivalents: Cash on Hand Bank Balances: In Current Accounts* 1, In Deposit ** 10,554 32,207 SubTotal 11,571 33,224 Other Bank Balances In Deposit # 3,400 SubTotal 3,400 TOTAL 11,571 36,624 * Include towards Unclaimed Dividend of ` 199 crore (Previous Year ` 175 crore). ** Includes Deposits of ` 10,64,942 (Previous Year ` 1 crore) with maturity of more than 12 months. # Deposits of ` Nil (Previous Year ` 3,400 crore) are given as lien against Short Term Borrowings Cash and Cash Equivalents includes deposits maintained by the Company with banks, which can be withdrawn by the Company at any point of time without prior notice or penalty on the principal. 17. SHORT TERM LOANS AND ADVANCES (Unsecured and Considered Good) Loans and Advances to Related Parties (Refer Note No. 32) 6,763 4,366 Balance with Customs, Central Excise Authorities 2,490 2,727 Deposits Others# 2,066 3,503 TOTAL 12,307 11,277 # Includes primarily Interest Receivable and Advance to Sundry Creditors.

23 234 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report OTHER CURRENT ASSETS Interest Accrued on Investment TOTAL SALE OF PRODUCTS Particulars of Sale of Products Petroleum Products 2,45,160 2,97,746 Petrochemical Products 89,944 96,383 Oil & Gas 4,907 6,055 Others 716 1,016 TOTAL 3,40,727 4,01, OTHER INCOME Interest From Current Investments From Long Term Investments 1,054 1,025 From Others 4,059 5,005 5,414 6,472 Dividend From Current Investments From Long Term Investments Net Gain on Sale of Investments From Current Investments 1,011 1,716 From Long Term Investments 2, ,046 2,348 Other Non Operating Income * TOTAL 8,721 8,936 * Other Non Operating Income includes income from Finance Lease of ` Nil (Previous Year ` 6,85,777) % of Consumption % of Consumption 21. COST OF MATERIALS CONSUMED Imported 2,32, ,95, Indigenous 23, , TOTAL 2,55, ,29, Particulars of Materials Consumed Particulars Crude Oil 2,37,505 2,98,950 Others 18,493 30,363 TOTAL 2,55,998 3,29,313

24 Corporate Overview Management Review Governance Financial Statements Shareholder Information Standalone CHANGES IN INVENTORIES OF FINISHED GOODS, STOCK INPROCESS AND STOCKINTRADE Inventories (at close) Finished Goods / StockinTrade 9,496 10,143 StockinProcess 5,209 6,546 14,705 16,689 Inventories (at commencement) Finished Goods / StockinTrade 10,143 10,872 StockinProcess 6,546 6,361 16,689 17,233 Less: Capitalised during the year ,648 17,101 TOTAL 1, EMPLOYEE BENEFITS EXPENSE Salaries and Wages 3,125 2,877 Contribution to Provident and other Funds Staff Welfare Expenses TOTAL 3,686 3, As per Accounting Standard 15 Employee benefits, the disclosures as defined in the Accounting Standard are given below : Defined Contribution Plans Contribution to Defined Contribution Plans, recognised as expense for the year is as under : Employer s Contribution to Provident Fund Employer s Contribution to Superannuation Fund Employer s Contribution to Pension Scheme The Company s Provident Fund is exempted under section 17 of Employees Provident Fund and Miscellaneous Provisions Act, Conditions for grant of exemption stipulate that the employer shall make good deficiency, if any, in the interest rate declared by the trust visavis statutory rate. Defined Benefit Plan The employees gratuity funds scheme managed by a Trust (Life Insurance Corporation of India for SEZ unit of the Company) is a defined benefit plan. I) Reconciliation of opening and closing balances of Defined Benefit Obligation Gratuity (Funded) Compensated Absences (Unfunded) Defined Benefit Obligation at beginning of the year Current Service Cost Interest Cost Actuarial (Gain) / Loss 61 (16) Benefits Paid (39) (35) (24) (18) Defined Benefit Obligation at year end

25 236 Reliance Industries Limited Invest. Innovate. Inspire. For a new India. Annual Report II) Reconciliation of opening and closing balances of fair value of Plan Assets Gratuity (Funded) Fair value of Plan Assets at beginning of year Expected Return on Plan Assets Actuarial Gain / (Loss) 9 3 Employer Contribution Benefits Paid (39) (35) Fair value of Plan Assets at year end Actual return on Plan Assets III) IV) Reconciliation of fair value of Assets and Obligations Gratuity (Funded) 31st March Compensated Absences (Unfunded) 31st March Fair value of Plan Assets Present value of Obligation Amount recognised in Balance Sheet Expenses recognised during the year Gratuity (Funded) Compensated Absences (Unfunded) Current Service Cost Interest Cost Expected Return on Plan Assets (42) (39) Actuarial (Gain) / Loss 52 (19) Net Cost V) Investment Details : ` in crore % Invested ` in crore % Invested GOI Securities Public Securities State Government Securities Insurance Policies Others (including bank balances)