Financial Statements. (` in crore) As at 31st March, 2013 Authorised Share Capital:

Transcription

1 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 225 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: 293,95,47,231 Equity Shares of ` 10 each fully paid up 2,940 2,936 (293,63,08,755) Less: Calls in arrears by others [` 3,113 (Previous Year ` 3,653)] ,936 TOTAL 2,940 2, ,45,94,41,214 (1,45,94,41,214) 1.2 6,92,52,419 (6,92,52,419) ,04,27,345 (45,04,27,345) 1.4 4,62,46,280 (4,62,46,280) Shares were allotted as Bonus Shares in the last five years by capitalisation of Securities Premium and Reserves. Shares were allotted in the last five years pursuant to the Scheme of amalgamation with Reliance Petroleum Limited without payments being received in cash. 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 were bought back and extinguished in the last five years. 1.5 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 293,63,08, ,87,04,713 Add : Shares issued on exercise of Employee Stock Options 32,38,476 1,86,891 Less : Shares cancelled on buy back of Equity Shares 4,25,82,849 Equity Shares at the end of the year 293,95,47, ,63,08, The Company has reserved issuance of 13,05,05,114 (Previous year 13,37,43,590) 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 60,866 (Previous Year NIL) options to the eligible employees at a price of ` 860 per option plus all applicable taxes, as may be levied in this regard on the Company. 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 Commitee from the date of grant based on specified criteria. 1.7 Issued, Subscribed and paid up capital excludes 29,23,54,627 (Previous Year 29,23,54,627) equity shares directly held by subsidiaries/trust, before their becoming subsidiaries of the Company, which have been eliminated. 1.8 Share application money pending allotment represents application money received on account of employees stock option scheme.

2 226 Reliance Industries Limited Annual Report Growth is Life RESERVES AND SURPLUS Capital Reserve As per last Balance Sheet Add: On Consolidation of Subsidiaries (Net) (280) Less: Transferred to Profit and Loss Account (Refer Note No. 11.7) Exchange Fluctuation Reserve As per last Balance Sheet 1,097 1,069 Add : During the year ,803 1,097 Capital Redemption Reserve As per last Balance Sheet Add : Transferred from Profit and Loss Account on buy back / redemption of Shares Securities Premium Reserve As per last Balance Sheet 42,226 45,258 Add : On issue of shares ,431 45,270 Less : On buy back of Equity Shares 3,044 42,431 42,226 Less : Calls in arrears by others [` 1,93,288 (Previous Year ` 2,21,548)] 42,431 42,226 Debentures Redemption Reserve As per last Balance Sheet 1,117 1,117 Statutory Reserve As per last Balance Sheet Add : Transferred from Minority Interest 2 Add : Transferred from Profit and Loss Account Revaluation Reserve As per last Balance Sheet 1,661 3,740 Add: On Revaluation 346 2,007 3,740 Less: Transferred to Profit and Loss Account 1,083 2,081 (Refer Note No. 11.7) Add: Transferred from / (to) Minority Interest (76) ,661 General Reserve* As per last Balance Sheet 1,18,004 1,00,004 Add: Transferred from Profit and Loss Account 18,000 18,000 Less: Transferred to Profit and Loss Account (Refer Note No. 11.7) 790 1,35,214 1,18,004

3 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 227 Share in Reserves of Associates Revaluation Reserve As per last Balance Sheet Profit and Loss Account As per last Balance Sheet 14,265 14,574 Less: Adjustment arising out of Scheme of Arrangement and Amalgamation# 1,532 (Short) Provision of Tax for earlier years (net) (` 8,26,209) (Short) Provision of Tax for earlier years (net) Minority Interest [(` 781), Previous Year (` 43,379)] (54) Less: Expenses on Amalgamation 10 Add: Profit for the year 22,493 20,879 Less: Appropriations 35,226 35,389 Transferred to Statutory Reserve 14 6 Transferred to General Reserve 18,000 18,000 Transferred to Capital Redemption Reserve on buy back / redemption of Shares Proposed Dividend on Equity Shares** [Dividend per Share ` 9.5/ ; (Previous Year ` 9.0/)] 2,793 2,628 Tax on Dividend** Proposed Dividend on preference shares (Minority Interest ` 9,749/ ; Previous Year ` 19,880/) Tax on Dividend on Preference Shares (Minority Interest ` 1,657/ ; Previous Year ` 3,379/) 13,906 14,265 TOTAL 1,95,730 1,79,094 * Cumulative amount withdrawn on account of Depreciation on Revaluation is ` 3,353 crore (Previous Year ` 2,563 crore). ** Proposed Dividend on Equity Shares and Tax on Dividend are net of reversal of excess provision of previous year pertaining to Equity Shares bought back before the record date of Dividend, aggregating to ` NIL (Previous Year ` 17 crore). # Net effect of the various Scheme of Arrangement and Amalgamation ( the Scheme ) filed by the subsidiary Companies under the sections 391 to 394 of the Companies Act, 1956 sanctioned by the Hon ble High Court of Judicature at Bombay. 2.1 In view of the loss for the year, the subsidiary Company Reliance Jio Infocomm Limited has not created the Debenture Redemption Reserve for a cumulative amount of ` 352 crore (Previous Year ` 252 crore) in terms of section 117C of the Companies Act, The Company shall create the Debenture Redemption Reserve out of profits, if any, in the future years.

4 228 Reliance Industries Limited Annual Report Growth is Life LONG TERM BORROWINGS Non Current Current Non Current Current Secured Non Convertible Debentures 1, ,842 4,182 Term Loans from Banks 3, Long Term Maturities of Finance Lease Obligations , ,881 4,197 Unsecured Bonds / Debentures 32,407 28,347 Term Loans from Banks 63,775 4,500 40,726 13,697 Term Loans from Others 241 Deferred Payment Liabilities ,426 4,503 69,079 13,700 TOTAL 1,01,019 4,950 70,960 17, Non Convertible Debentures referred above to the extent of: a) ` 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. b) ` 917 crore are secured by way of first mortgage / charge on all the properties situated at Hazira Complex and at Patalganga Complex of the Company. c) ` 30 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. d) ` 51 crore are secured by way of first mortgage / charge on movable and immovable properties situated at Thane in the State of Maharashtra and on movable properties situated at Baulpur Complex of the Company. e) ` 500 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (SEZ unit) of the Company. 3.2 Secured Term Loans from banks referred above to the extent of: a) ` 3127 crore are secured by way of mortgage on Oil and Gas properties outside India and related assets. b) ` 11 crore are secured by way of hypothecation of vehicles and are repayable over a period of 2 to 5 years. 3.3 Finance Lease Obligations are secured against leased assets.

5 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer DEFERRED TAX LIABILITY (Net) Deferred Tax Liability Related to fixed assets 16,282 14,682 Deferred Tax Assets Related to fixed assets Disallowances under the Income Tax Act Carried forward loss of subsidiaries 4,154 2,947 4,357 3,094 TOTAL 11,925 11, OTHER LONG TERM LIABILITIES Others # 807 TOTAL 807 # Includes Premium payable on forward contracts, Liability on revaluation of forward contracts and exchange loss. 6. LONG TERM PROVISIONS Provisions for Annuities Others # TOTAL # Includes provision for Decommissioning and Liability for derivative transactions. 7. SHORT TERM BORROWINGS Secured Working Capital Loans From Banks Foreign Currency Loans Rupee Loans 7, , From Others Rupee Loans 1,199 Unsecured A. Other Loans and Advances From Banks Foreign Currency Loans * 23,128 17,569 Rupee Loans ,137 17,679 B. Loans from related parties (Refer Note No. 28) TOTAL 32,792 18,362 * Includes Buyers Credit/Packing Credit

6 230 Reliance Industries Limited Annual Report Growth is Life Working Capital Loans from Banks referred above to the extent of: (a) (b) (c) ` 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. ` 3,281 crore are secured by way of lien on fixed deposits and ` 978 crore are secured by lien on Government Securities. ` 229 crore is secured by hypothecation of Plant and Machinery. 7.2 Working Capital Loan from Others of ` 1,199 crore are secured by lien on Government Securities. 8. TRADE PAYABLES Micro, Small and Medium Enterprises Others 60,751 49,634 TOTAL 60,860 49, OTHER CURRENT LIABILITIES Current maturities of long term debt 4,937 17,886 Current maturities of finance lease obligations (Refer Note No. 3) 4,950 17,897 Interest accrued but not due on borrowings Unclaimed Dividend # Application money received and due for refund # 1 1 Unpaid matured debentures and interest accrued thereon # 1 1 Other Payables * 11,319 4,914 TOTAL 17,058 23,655 * Includes statutory dues, security deposit, Creditors for Capital expenditure, advance from customers and Income received in advance. # These figures do not include any amounts, due and outstanding, to be credited to Investor Education and Protection Fund except ` 12 crore (Previous Year ` 10 crore) which is held in abeyance due to legal cases pending. 10. SHORT TERM PROVISIONS Provisions for Employee Benefits Proposed Dividend 2,793 2,643 Tax on Dividend Provision for Wealth Tax Provision for Income Tax (Net of advance tax) 25 7 Other Provisions * 848 1,218 TOTAL 4,446 4,557 * Includes primarily provision for Customs duty, Excise Duty on Finished Goods, Other duties and taxes.

7 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer FIXED ASSETS Description TANGIBLE ASSETS : OWN ASSETS : Gross Block Depreciation / Amortisation Net Block Additions/ Deductions/ Adjustments Adjustments For the Year# Deductions/ Adjustments Leasehold Land 2, , ,072 2,309 Freehold Land 6, ,718 6,718 6,482 Buildings 11,939 1, ,241 3, ,765 9,476 8,507 Plant & Machinery 1,42,713 5,874 1,329 1,47,258 71,166 8,030 1,120 78,076 69,182 71,547 Electrical Installations 4, ,313 1, ,017 2,296 2,558 Equipments $ 8,475 1, ,156 2, ,616 6,540 6,278 Furniture & Fixtures 1, , Vehicles Ships Aircrafts & Helicopters SubTotal 1,78,762 9,659 3,032 1,85,389 80,129 9,280 1,224 88,185 97,204 98,633 LEASED ASSETS : Plant & Machinery Ships SUBTOTAL TOTAL (A) 1,79,050 9,660 3,036 1,85,674 80,335 9,311 1,228 88,418 97,256 98,715 INTANGIBLE ASSETS* : Technical Knowhow fees 3, ,479 1, ,091 1,388 1,582 Software Development Rights 54,003 13,140 67,143 23,758 3,706 27,464 39,679 30,245 Others 3, , ,002 2,749 2,807 TOTAL (B) 61,921 13, ,345 27,149 4, ,184 44,161 34,772 TOTAL (A+B) 2,40,971 23,112 3,064 2,61,019 1,07,484 13,352 1,234 1,19,602 1,41,417 1,33,487 PREVIOUS YEAR 2,33,475 8,953 1,457 2,40,971 94,661 13, ,07,484 1,33,487 1,38,814 Capital WorkinProgress 48,646 17,191 Intangible Assets under Development 42,848 32,761 $ Includes Office Equipments * Other than internally generated # Depreciation for the year includes depreciation of ` 193 crore (Previous Year ` 6 crore) capitalised during the year Leasehold Land includes ` 203 crore (Previous Year ` 203 crore) in respect of which leasedeeds are pending execution Buildings include : i) Cost of shares in Cooperative Housing Societies ` 1 crore (Previous Year ` 1 crore). ii) iii) ` 5 crore (Previous Year ` 5 crore) in respect of which conveyance is pending. ` 93 crore (Previous Year ` 93 crore) in shares of Companies / Societies with right to hold and use certain area of Buildings.

8 232 Reliance Industries Limited Annual Report Growth is Life Intangible assets Others include : i) Jetties amounting to ` 812 crore (Previous Year ` 812 crore), the Ownership of which vests with Gujarat Maritime Board. However, under an agreement with Gujarat Maritime Board, the Company has been permitted to use the same at a concessional rate. ii) ` 2,899 crore (Previous Year ` 2,899 crore) in shares of companies and lease premium paid with right to hold and use Land and Buildings Capital WorkinProgress and Intangible Assets under development include: i) ` 9,982 crore (Previous Year ` 5,849 crore) on account of project development expenditure. ii) ` 17,346 crore (Previous Year ` 5,804 crore) on account of cost of construction materials at site Project Development Expenditure: (in respect of Projects upto, included under Capital WorkinProgress and Intangible Assets under Development) Opening Balance 5,849 3,948 Add: Transferred from Profit and Loss Account (Refer Note No. 26) Expenses on Project under Construction 1, Interest Capitalised 1,758 1,296 4,206 1,909 Less: Project Development Expenses Capitalised / Transferred during the year 73 8 Closing Balance 9,982 5, Gross Block includes ` 346 crore added on revaluation of Buildings, Plant & Machinery and Storage Tanks as at , ` 11 crore added on revaluation of Buildings, Plant & Machinery and Storage Tanks as at , ` 12,901 crore added on revaluation of Buildings, Plant & Machinery and Equipments as at ` 238 crore added on revaluation of Buildings, Plant & Machinery and Storage Tanks as at , based on reports issued by international valuers The Gross Block of Fixed Assets includes ` 38,872 crore (Previous Year ` 38,517 crore) on account of revaluation of Fixed Assets carried out since inception. Consequent to the said revaluation there is an additional charge of depreciation of ` 1,958 crore (Previous Year ` 2,161 crore) and an equivalent amount has been withdrawn from Revaluation Reserve/ General Reserve / Capital Reserve Additions in Plant and Machinery, Capital WorkinProgress, Intangible Assets Development Rights and Intangible Assets under Development include ` 10,675 crore (net loss) [Previous Year ` 5,948 crore (net loss)] on account of exchange difference during the year.

9 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer NONCURRENT INVESTMENTS (Long Term Investments) (Valued at Cost less other than temporary diminution in value, if any) A. Investments in Associates In Equity Shares Quoted, fully paid up 68,60,064 (68,60,064) Reliance Industrial Infrastructure Limited of ` 10 each In Equity Shares Unquoted, fully paid up 11,08,500 (11,08,500) 22,500 (22,500) 5,000 (5,000) 74,99,990 (74,99,990) 62,63,125 (62,63,125) 64,29,20,000 (64,29,20,000) 52,00,000 (52,00,000) 5,000 (5,000) (37,24,971) 51,54,872 (51,54,872) 6,31,42,865 (3,72,38,095) 52,49,344 () 46,87,500 (46,87,500) 5,000 (5,000) 5,000 (5,000) (5,000) 5,000 (5,000) Reliance Europe Limited of Sterling Pound 1 each Reliance LNG Limited of ` 10 each [` 2,14,493 ; (Previous Year ` 2,22,012)] Reliance Commercial Trading Private Limited of ` 10 each Reliance Commercial Dealers Limited of `10 each Indian Vaccines Corporation Limited of `10 each 1 1 Gujarat Chemical Port Terminal Company Limited of ` 1 each Reliance Utilities and Power Private Limited Class A shares of ` 1 each [` 40,40,000 ; (Previous Year ` 40,40,000)] Gaurav Overseas Private Limited of ` 10 each Deccan Cargo & Express Logistics Private Limited of ` 100 each EFS Midstream LLC 1,662 1,372 Algenol LLC Aurora Algae Inc Matrix Genetics LLC 14 Extramarks Education Private Limited of ` 10 each Reliance Jio Infratel Private Limited of ` 10 each [` 50,000 ; (Previous Year ` 50,000)] Reliance Jio Digital Services Private Limited of ` 10 each [` 50,000 ; (Previous Year ` 50,000)] Reliance Jio Electronics Private Limited of ` 10 each [` NIL ; (Previous Year ` 50,000)] Reliance Jio Media Private Limited of ` 10 each [` 50,000 ; (Previous Year ` 50,000)] 2,568 2,216

10 234 Reliance Industries Limited Annual Report Growth is Life... In Preference Shares Unquoted, Fully paid up 50,00,00,000 (50,00,00,000) 9% Non Cumulative Redeemable Preference Shares of Reliance Gas Transportation Infrastructure Limited of ` 10 each In Debentures Unquoted, Fully Paid Up 4,22,335 (4,22,335) (30,47,704) 1,00,000 (1,00,000) In Limited Liability Partnership Zero Coupon Secured Optionally Convertible Redeemable Debentures of Reliance Commercial Trading Private Limited Series B of ` 1000 each Compulsorily Convertible Debentures of Deccan Cargo & Express Logistics Private Limited of ` 100 each 9% Optionally Fully Convertible Debentures of Extramarks Education Private Limited of ` 10,000 each GenNext Ventures Investment Advisers LLP [` 12,50,000 ; (Previous Year ` 2,00,000)] 2,000 2,000 2,000 2, Total Investment in Associates (A) 4,857 4,497 B. Investments in others In Government SecuritiesUnquoted 6 Years National Savings Certificate (Deposited with Sales Tax Department and other Government Authorities) [` 16,57,020 ; (Previous Year ` 23,49,560)] In Government SecuritiesQuoted 8.33% GOI % GOI , % GOI ,246 5, Trade Investments In Equity SharesUnquoted, fully paid up 1,00,00,000 (1,00,00,000) 5,000 (5,000) 25 (25) Other Investments Petronet India Limited of ` 10 each Retailers Association s Skill Council of India of ` 10 each [` 1,00,000 ; (Previous Year ` 1,00,000)] The Colaba Central Cooperative Consumer s Wholesale and Retail Stores Limited (Sahakari Bhandar) of ` 200 each. [` 5,000 ; (Previous Year ` 5,000)] In Equity SharesQuoted, fully paid up 10,59,07,273 (10,59,07,273) EIH Limited of ` 2 each 1,433 1,433

11 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 235 4,85,32,764 (4,85,32,764) (17,50,954) 97,25,000 (97,25,000) 89,82,030 (89,82,030) 7,69,000 (7,69,000) 41,73,123 (41,73,123) 9,33,011 (9,33,011) () 65,43,657 (1,44,00,000) 19,48,680 (19,48,680) 91,68,704 () Himachal Futuristic Communications Limited of ` 1 each ICICI Bank Limited of ` 10 each 174 NMDC Limited of ` 1 each NTPC Limited of ` 10 each Oil India Limited of ` 10 each Oil and Natural Gas Corporation Limited of ` 5 each State Bank of India of ` 10 each HDFC Bank Limited of ` 2 each 70 Housing Development Finance Corporation Limited of ` 2 each Den Networks Limited of ` 10 each Algae. Tech Limited of AU$ each 8 In Equity SharesUnquoted, fully paid up 85,000 (85,000) 2,53,800 (2,53,800) (5,000) 34,53,378 (33,78,378) 1,000 (1,000) 1,500 (1,500) 1,800 (1,800) 400 (400) (910) (860) 400 () ,285 National Stock Exchange of India Limited of ` 10 each Shinano Retail Private Limited of `10 each (` 25,38,000 ; Previous Year ` 25,38,000) Reliance Fresh Private Limited of ` 10 each (` NIL ; Previous Year ` 1,00,000) Terra Power LLC Air Controls and Chemical Engineering Company Limited of ` 1 each (` 1,500 ; Previous Year ` 1,500) Reliance Research and Development Services Private Limited of ` 10 each (` 15,000; Previous Year ` 15,000) Teesta Retail Private Limited of ` 10 each (` 18,125 ; Previous Year ` 18,000) Sonali Land Private Limited of ` 10 each [` 4,000 ; (Previous Year ` 4,000)] Reliance First Private Limited of ` 10 each [` NIL ; (Previous Year ` 9,114)] Reliance Tankages Private Limited of ` 10 each [` NIL ; (Previous Year ` 8,600)] Eshwar Land Private Limited of ` 10 each

12 236 Reliance Industries Limited Annual Report Growth is Life... In Fixed Maturity Plan Quoted fully paid up 25,90,00,000 (2,50,00,000) 6,00,00,000 (2,50,00,000) 63,10,00,000 (19,00,00,000) (3,00,00,000) 1,55,000,000 (40,00,00,000) 22,80,00,000 (17,00,00,000) 14,00,00,000 () 80,00,00,000 (35,20,00,000) 60,000,000 (1,50,00,000) 83,50,00,000 (86,50,00,000) 28,80,00,000 (7,00,00,000)) 10,50,00,000 (34,50,00,000) Axis Fixed Maturity Plan (Series 34/47/49/52/55/59/60) Growth Baroda Pioneer Fixed Maturity Plan (Series C/M/N) Growth Birla Sun Life Fixed Term Plan (Series GA/GB/GF/JR/JX/ KA/KE/KJ/KM/KO/KP/KR/KT) Growth BNP Paribas Fixed Term Fund (Series 24A) Growth 30 DSP BlackRock Fixed Term Plan (Series 36/37/88/ 89/91/93/150/152) Growth DWS Fixed Maturity Plan (Series 26/28/30/45/49/ 52/53/47) Growth DWS Fixed Maturity Plan Close ended debt fund (Series 54/57/63) Growth HDFC Fixed Maturity Plan (Series 23/28/29) Growth HSBC Fixed Term Plan (Series 90/105) Growth ICICI Fixed Maturity Plan (Series 65/66/67/71/72/73) Growth IDFC Fixed Maturity Plan (Series 11/14/21/51/60/ 64/66/70/72/75/79/84/86) Growth JP Morgan India Fixed Maturity Plan (Series 12/13/16/18/30/33) Growth 40,00,00,000 Kotak Fixed Maturity Plan (Series 97/98/99/101/ (29,50,00,000) 102/103/132/133/141/142/145/146/147/149) Growth 19,50,00,000 (12,50,00,000) 12,00,00,000 (6,50,00,000) 2,50,00,000 () 30,00,00,000 (45,00,00,000) 3,50,00,000 (12,00,00,000) 57,50,00,000 (38,00,00,000) 70,0,00,000 () 8,80,00,000 (10,00,00,000) 17,00,00,000 (25,00,00,000) 13,50,00,000 (14,00,00,000) L&T Fixed Maturity Plan (Series X/VII/IX) (Plan B/H/J/M/Q/S/T) Growth LIC Nomura Mutual Fund Fixed Maturity Plan (Series 56/58/64/72/76/77/79) Growth Principal PNB Fixed Maturity Plan (Series B10) Growth Reliance Fixed Horizon Fund (Series 2/5/9/27/33) (Plan XXII/XXIII/XXV/XXVI) Growth Religare Fixed Maturity Plan (Series XVII/XVIII) (Plan A/B/D/F/H) Growth SBI Debt Fund (Series A 1/2/3/5/10/11/14/15/25) Growth SBI Debt Fund Double Indexation Benefit (Series A14) Growth Sundaram Fixed Term Plan (Series DC/DF/DH/EU/EX/FD/FI) Growth Tata Fixed Maturity Plan (Series 42/46) (Scheme B/C/G/H/K/M/N/Q/T) Growth UTI Fixed Term Income Fund (Series XIIIIII/ XIVVIII/XVIIVII/XVIIXIV/XVIIII/XVIIIV) Growth

13 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 237 In Debentures or Bonds Unquoted 5,674 4,412 3,000 Tata Sons Limited 300 () 1,74,73,143 (44,05,550) D. E. Shaw India Securities Private Limited 7.90% Optionaly Convertible Debentures of ` 100 each Indiabulls Housing Finance Limited 10.60% 200 (2,000) Secured Redeemable Non Convertible Debentures of ` 10,00,000 each In Debentures or Bonds Quoted 6,350 LIC Housing Finance Limited 635 () 650 Tata Steel Limited 58 () 20 Power Grid Corporation of India Limited 3 () 42,81,393 Power Finance Corporation Limited 1,385 () 700 Rural Electrification Corporation Limited 70 () 32,550 Housing Development Finance Corporation Limited 3,293 () 3,500 Infrastructure Development Finance Company Limited 350 () 550 National Bank for Agriculture and Rural Development 55 () 49,44,752 National Highways Authority of India 494 () 42,62,612 Indian Railway Finance Corporation Limited 426 () 9,49,946 () National Thermal Power Company Limited 95 1,500 HDB Financial Services Limited 9.43% (1,500) Secured Redeemable Non Convertible Debentures of ` 5,00,000 each 6, In Others 17,05,638 Faering Capital India Evolving Fund of ` 1,000 each (11,53,511) 2,73,770 HDFC India Real Estate of ` 1,000 per unit (3,79,028) 50,000 JM Financial Property Fund I of ` 7, per unit; (50,000) (Previous Year ` 9, per unit) MPM Bioventure IVQP, LP, USA 95 99

14 238 Reliance Industries Limited Annual Report Growth is Life... 5,000 (5,000) Multiples Private Equity Fund Scheme 1 of ` 1,00,000 each, ` 69,940 paid up (Previous Year ` 46,350 paid up) ,000 Peninsula Realty Fund of ` 1,00,000 each (2,000) 21,600 Urban Infrastructure Opportunities Fund (21,600) of ` 86,750 per unit (Previous Year ` 87,500 per unit) 25,000 LICHFL Urban Development Fund 7 5 (25,000) of ` 10,000 each, ` 2,870 paid up (Previous Year ` 2,000 paid up) 8,70,000 KKR India Debt Fund I of ` 1000 each 87 () 62,00,000 GenNext Ventures Fund Class A Units 6 () In ETF Quoted, fully paid up (3,99,000) Kotak Gold Exchange Traded Fund of ` 100 each Total Investments in Others (B) 22,010 9,482 Total Long Term Investments (A + B) 26,867 13, LONGTERM LOANS AND ADVANCES (Unsecured and Considered Good) Capital Advances# 9,954 2,467 Deposits## 3,504 2,727 Loans and Advances to Related Parties (Refer Note No. 28) Advance Income Tax (Net of Provision) 1, Other Loans and Advances* 3,513 3,046 TOTAL 17,996 9,025 # Includes ` 5 crore (Previous Year ` NIL) to Reliance Utilities & Power Private Limited, ` 3 crore (Previous Year ` 2 crore) to Reliance Industrial Infrastructure Limited which are related parties. ## Includes ` 2,006 crore (Previous Year ` 1,971 crore) relating to Deposits with related parties (Refer Note No. 28). * Includes claims receivable from statutory authorities, loans to employees etc. 14. OTHER NON CURRENT ASSETS Miscellaneous Expenditure (to the extent not written off or adjusted) ` 61,510 (Previous Year ` 7,61,510) TOTAL

15 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer CURRENT INVESTMENTS (Carried at lower of cost and quoted / fair value, including current portion of long term investment) Investment in Equity Shares Quoted, Fully Paid up 74,62,500 NTPC Limited (74,62,500) 18,88,171 Oil and Natural Gas Corporation Limited (18,88,171) 13,65,000 Coal India Limited 40 () 11,34,790 IndusInd Bank Limited 48 () 1,49, 500 Infosys Limited 49 () 23,96,000 ITC Limited 77 () 5,25,525 Larsen & Toubro Limited 56 () 5,35,983 Mahindra & Mahindra Limited 49 () 1,02,600 Maruti Suzuki India Limited 20 () 29,000 State Bank of India 5 () 9,60,000 Sun Pharmaceuticals Industries Limited 55 () 4,96,300 Tata Consultancy Services Limited 105 () 13,04,535 United Phosphorus Limited 24 () 2,47,400 Tata Motors Limited 10 () 69,000 Axis Bank Limited 10 () 83,000 Hindustan Unilever Limited 5 () 1,30,000 () Tata Steel Limited Investment in Government Securities Quoted 1.44% IIGS % GOI % GOI % GOI % GOI % GOI 2020 (` NIL; Previous Year ` 7,91,120)

16 240 Reliance Industries Limited Annual Report Growth is Life % GOI % GOI % GOI % GOI % MAHA SDL 2020 (` 30,264 ; Previous Year ` 30,264) 8.65% Karnataka SDL % GUJ SDL 2021 (` 20,22,524; Previous Year ` NIL ) 8.79% GOI % GOI % MAHA SDL 2022 (` 13,01,040 ; Previous Year ` 19,01,520) 8.88% Gujarat 2022 (` NIL ; Previous Year ` 20,13,200) 8.97% GOI % Gujarat % Punjab 2022 (` NIL ; Previous Year ` 4,03,620) 9.47% GSEC % GSEC % Madhya Pradesh , Collateral Borrowing and Lending Obligation Unquoted 355 Investment in Debentures or Bonds Quoted, Fully Paid up 8 Export Import Bank of India 1 35 (349) 3,050 Housing Development Finance Corporation Limited 303 3,839 (38,307) Infrastructure Development Finance Company Limited 647 (6,500) India Infrastructure Finance Company Limited 149 (15,095) 1 Indian Railway Finance Corporation Limited (` 10,08,203) 521 (42,63,562) LIC Housing Finance Limited 515 (5,153) National Bank for Agriculture and Rural Development 726 (7,250) National Highways Authority of India 494 (49,44,752) 109 Power Finance Corporation Limited (42,74,393) 20 (120) Power Grid Corporation of India Limited 3 15

17 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 241 Rural Electrification Corporation Limited 59 (595) Tata Steel Limited 58 (650) Tata Power Company Limited 133 (1,320) 25 Nuclear Power Corporation of India Limited 2 () 2,000 () Indiabulls Housing Finance Limited 10.60% Secured Redeemable Non Convertible Debentures of ` 10,00,000 each ,879 Investment in Debentures or Bonds Unquoted, Fully Paid up (3,000) Tata Sons Limited 300 Investment in Fixed Maturity Plan Quoted, Fully Paid up 2,50,00,000 (5,00,00,000) Axis Fixed Term Plan (Series 21/22/34) Growth 9,80,00,000 Baroda Pioneer Fixed Maturity Plan (2,50,00,000) (Series A/C/E/G/J) Growth Birla Sun Life Fixed Term Plan (2,50,00,000) (Series FP) Dividend 1,89,00,00,000 Birla Sun Life Fixed Term Plan (Series ES/EV/EY/FC/FD/ (67,00,00,000) FM/FO/GA/GB/GF/GT/GV/HD/HI/HK/HL/HM/HQ/HS/HV/ HY/IA/JA/JE/JG/JI/JL/JN/JO/JQ/JT/JU/JY/JZ/KC/KD/KF/ KG/KH/KI/KK/KN/KQ) Growth 26,00,00,000 Birla Sunlife Interval Income Fund (1,50,00,000) (Annual Plan V/VIII/IX/X) Growth 13,50,00,000 BNP Paribas Fixed Term Fund (5,00,00,000) (Series 24A/25A/26A/26C/29B) Growth 1,67,00,00,000 (53,00,00,000) DSP BlackRock Fixed Maturity Plan (Series 37/38/43/ 44/88/89/90/91/93/94/95/103/104/105/107/108/109/ 110/113/117/130/144/146/149/151/153/155) Growth , , ,50,00,000 DWS Fixed Maturity Plan (Series 6/7/9/10/26/27/28/ (29,80,00,000) 29/30/32/34/36/42/43/46/48/50) Growth DWS Fixed Maturity Plan (Series 18) Dividend 30 (3,00,00,000) 7,50,00,000 DWS Fixed Maturity Plan Close ended debt fund 75 () (Series 51/55/62) Growth 5,00,00,000 DWS Interval Fund Annual Plan Growth 50 () HDFC Annual Interval Fund (Series 1) Growth 50 (5,00,00,000) 2,13,70,00,000 (62,70,00,000) HDFC Fixed Maturity Plan (Series 366D/369D/370D/ 371D/372D/384D/390D/391D/392D/398D/399D/400D/ 526D/566D) Growth 2, ,50,00,000 (4,50,00,000) HSBC Fixed Term Plan (Series 86/90/94/96/101104) Growth

18 242 Reliance Industries Limited Annual Report Growth is Life... 19,99,03,904 (5,98,46,064) ICICI Prudential Fixed Maturity Annual Interval Plan (Series VI/VII) (Plan C/D/F/I) Cumulative 1,75,00,00,000 ICICI Prudential Fixed Maturity Plan (88,00,00,000) (Series 62/63/65/66/67/68/69/70/71) (Plan A/B/C/D/E/F/ G/H/I/J/K/M) Cumulative 92,40,00,000 ICICI Prudential Fixed Maturity Plan (Series 72/73) () (Plan A/B/C/D/G/H/I/K/M/P/R/T) Growth ICICI Prudential Long Term Plan Premium Plus (9,96,19,002) Dividend 2,00,00,000 IDBI Fixed Maturity Plan () (Series III) Dividend IDBI Fixed Maturity Plan (2,50,00,000) (Series III) Growth 85,50,00,000 (34,70,00,000) IDFC Fixed Maturity Plan (Series 7/8/11/12/13/14/24/25/27/31/32/33/34/49/50/ 54/59/65/67/69/74/85/78/81/85) Growth , _ IDFC Fixed Maturity Plan 96 (9,60,00,000) (Series 74/78/79) Dividend 11,07,54,164 IDFC Yearly Interval Fund (12,00,00,000) (Series I/II/III) Growth Indiabulls Fixed Maturity Plan Growth 35 (3,50,00,000) 2,50,00,000 JM Fixed Maturity Plan 25 () (Series FXXIV) (Plan C) Growth 50,00,00,000 JP Morgan India Fixed Maturity Plan (21,50,00,000) (Series 6/12/13/16/17/18/21/31/32) Growth 1,14,00,00,000 Kotak Fixed Maturity Plan (Series 76/80/82/97/98/99/ 1, (36,00,00,000) 100/101/102/104/105/106/107/110/111/112/114/116/ 118/119/136/137/138/139/143/144/152) Growth 33,70,00,000 L & T Fixed Maturity Plan (4,00,00,000) (Series VII/VIII/IX/X) (Plan A/D/G/I/J/L) Growth 31,00,00,000 LIC Nomura Fixed Maturity Plan (Series 52/53/54/55/ (14,50,00,000) 56/58/60/61/62/63/66/68/73/75) Growth 68,00,038 LIC Nomura Interval Fund 10 () (Series 1) Growth 4,95,01,683 Reliance Annual Interval Fund 60 () (Series 1) Growth 68,00,00,000 Reliance Fixed Horizon Fund (11,00,00,000) (Series XXII/XXIII/XXVI/XXV/XXIV) Growth 24,78,28,132 Reliance Yearly Interval Fund 250 () (Series 3/6/8) Growth 15,50,00,000 Religare Fixed Maturity Plan (Series XIII/XIV/XVII/XVIII/ (24,80,00,000) XXII) (Plan A/B/C/D/E/F) Growth 19,50,00,000 Religare Invesco Fixed Maturity Plan 195 () (Series XIX/XXI/XXII) (Plan A/C/E/F/G) Growth 62,00,00,000 (45,50,00,000) SBI Debt Fund (Series 1/2/12/13/14/15/23/24/25/28/29) Growth (14,00,00,000) SBI Debt Fund (Series 5/7) Dividend 140

19 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 243 1,10,00,00,000 (7,50,00,000) SBI Debt Fund (Series 9/12/13/16/18/32/33/34/36/37/3 8/39/41/47/48/49/51/52/53/54) Growth 31,00,00,000 Sundaram Fixed Term Plan (Series CQ/DC/DF/DG/DH/ (6,50,00,000) DO/DQ/DR/EW/EY/FB/FF/FJ) Growth 96,90,00,000 Tata Fixed Maturity Plan (Series 39/40/42/43/44/45/46) (13,50,00,000) (Scheme A/B/C/D/E/G/H/I/L/O/P) Growth 8,50,00,000 UTI Fixed Term Income Fund () (Series XVIII/XVIIV) Growth 3,04,93,690 UTI Fixed Income Interval Fund Annual Interval Plan (5,49,80,083) (Series II/III/IV) Growth 1,33,50,00,000 UTI Fixed Term Income Fund (Series XIIIIII/XIVV/ (22,50,00,000) XIVVI/XIVVII/XIVVIII/XVI/XVII/XVIIV/XVIVII/XVIIX/ XVIIXVI/XVII/XVIII/XVIIII/XVIV/XVV/XVVI/XVVII/XVX/ XVIIXX/XVIIIIII/XVIIIIV/XVIIXIII) Growth (13,00,00,000) UTI Fixed Term Income Fund (Series XIIIV/XIII) Dividend 1, , ,941 6,493 Investment in Mutual Fund Unquoted 2,27,889 Axis Banking Debt Fund Growth 25 () 7,59,94,772 Axis Short Term Fund Growth (11,08,67,422) 29,22,23,922 Birla Sunlife Dynamic Bond Fund Retail Growth 549 2,418 (1,31,48,48,855) 22,34,01,784 Birla Sunlife Short Term Fund Growth 1, (5,56,20,512) Canara Robeco Short Term Fund Regular Growth 30 (2,31,91,812) Canara Robeco Short Term Institutional Growth Fund 60 (4,59,45,325) 4,95,70,718 DSP Black Rock Banking & PSU Debt Fund Regular Plan 50 () Growth DSP Black Rock Liquidity Fund Institutional Plan Growth 100 (5,96,310) 7,22,79,657 DSP Black Rock Short Term Fund Growth (11,14,37,619) DSP Black Rock Strategic Bond Fund Institutional Plan 625 (48,23,954) Growth DWS GILT Fund Regular Plan Growth 150 (11,66,82,484) 3,61,86,149 DWS InstaCashPlus Fund Super Institutional Plan Annual 600 () Bonus DWS InstaCashPlus Fund Super Institutional Plan Bonus (1,04,54,867) DWS Money Plus Fund Regular Plan (Principle Units) 46 (4,66,90,013) Bonus 2,40,93,515 () DWS Mutual Fund ICPBonus 236

20 244 Reliance Industries Limited Annual Report Growth is Life... DWS Premier Bond Fund Premium Plus Plan Growth 150 (14,48,86,484) DWS Short Maturity Fund Premium Plus Growth 147 (12,93,69,261) DWS Treasury Fund Cash Regular Plan Bonus 59 (60,38,424) 1,84,06,566 DWS Treasury Fund Investment Regular Plan Bonus 18 () 11,79,24,798 DWS Treasury Fund Investment Regular Plan Growth (5,81,04,402) 3,25,53,638 Franklin India Savings Plus Fund Growth 75 () 29,63,61,644 HDFC Short Term Opportunities Fund Growth (19,73,54,869) 50,00,000 HDFC Debt Fund for Cancer Cure 50% Regular Option 5 () Dividend Donation 11,23,62,581 HDFC Floating Rate Income Fund Long Term Plan (14,69,19,109) Growth HDFC High Interest Fund Short Term Plan Growth 500 (22,67,48,577) HDFC Liquid Fund Growth 20 (86,58,009) 21,41,12,926 HDFC Medium Term Opportunities Fund Growth (25,68,76,110) HDFC Short Term Plan Growth 485 (22,68,83,560) HSBC Income Fund Short Term Institutional Plus Growth 180 (16,70,54,915) 3,61,78,141 ICICI Prudential Banking and PSU Debt Fund Growth 50 () 4,06,37,366 ICICI Prudential Blended Plan A Dividend 55 () 11,08,46,926 ICICI Prudential Blended Plan B Growth 200 () 3,98,32,730 ICICI Prudential Equity Arbitrage Fund Dividend 55 () 2,41,47,124 ICICI Prudential Gilt Fund Treasury Plan Quarterly 25 () Dividend Reinvestment ICICI Prudential Liquid Fund Growth 47 (27,12,060) ICICI Prudential Gilt Treasury Plan Regular Growth 100 (3,46,29,245) ICICI Prudential Institutional Short Term Plan 725 (31,83,61,805) Cumulative ICICI Prudential Liquid Regular Plan Growth 25 (14,42,759) (10,86,67,777) ICICI Prudential Short Term Plan Regular Growth 250

21 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer ,20,52,229 ICICI Prudential Ultra Short Term Direct Plan Growth 200 IDBI Short Term Bond Fund Growth 50 (4,39,26,695) 10,88,83,711 IDFC Super Saver Income Fund Short TermDirect Plan 275 Growth 12,63,13,875 IDFC Arbitrage Fund Direct Plan Dividend 160 () IDFC Super Saver Income Fund Medium Term Growth 45 (2,33,10,265) IDFC Super Saver Income Fund Short Term Growth 625 (42,82,45,478) 29,82,16,282 IDFC Banking Debt Fund Regular Plan Growth (9,99,03,094) IDFC Cash Fund Growth (Regular Plan) 25 (1,75,479) 21,48,65,792 IDFC Money Manager Fund Investment PlanGrowth 400 () Direct Plan IDFC Super Saver Income Fund Medium Term Plan B 285 (23,42,26,669) Growth 8,15,59,748 IDFC Super Saver Income Fund Short Term Plan Growth 200 () (Regular Plan) 2,50,000 Indiabulls Short Term Fund Direct Plan Growth Option 25 () J P Morgan India Short term Income Fund Growth 125 (10,38,13,700) 61,49,62,892 J P Morgan India Treasury Fund Bonus (46,01,17,659) JM High Liquidity Fund Bonus 109 (11,10,88,159) 4,50,68,027 JM Money Manager Fund Super Plan Bonus 44 () 19,71,60,883 JM Money Manager Fund Super Plus Plan Bonus 199 () 1,36,85,132 JM Money Manager Fund Super Plan Growth 25 () 13,40,05,771 Kotak Bond Short Term Plan Growth (8,84,33,460) 10,68,70,464 Kotak Equity Arbitrage Fund Dividend 115 () L & T Short Term Opportunities Fund Growth 80 (7,51,00,293) 16,54,740 L&T Cash Bonus Liquid Fund 169 () 7,21,37,997 L&T Floating Rate Fund Growth 83 () 10,75,21,101 L&T Triple Ace Bond Fund Bonus 133 () 10,76,394 (1,17,585) LIC Nomura MF Liquid Fund Growth

22 246 Reliance Industries Limited Annual Report Growth is Life... Morgan Stanley Short Term Bond Fund Institutional 60 (4,70,53,586) Plus Growth 1,62,107 Principal Bank CD Fund Growth 25 () Reliance Income Fund Growth Plan Bonus 131 (12,02,16,390) Religare Active Income Fund Growth 175 (13,27,54,784) 10,68,81,070 Religare Invesco Arbitrage Bonus 115 () 17,98,180 Religare Invesco Short Term Fund Growth (18,67,562) SBI Dynamic Bond Fund Growth 725 (52,63,28,065) SBI Premier Liquid Fund Growth 35 (1,90,032) 36,08,46,691 SBI Short Term Debt Fund Growth (18,37,26,275) 6,20,51,677 Sundaram Flexible Fund Short Term Plan Growth (4,32,75,524) 17,81,54,863 Sundaram Flexible Fund Short Term Plan Bonus 175 () 17,58,87,636 Sundaram Money Fund Direct Plan Bonus 272 () Sundaram Monthly Income Plan Bonus 34 (3,02,49,315) 9,57,31,798 Sundaram Select Debt Short Term Asset Plan Bonus 100 () Tata Income Fund Plan A Appreciation Bonus 97 (9,21,73,180) Tata Short Term Bond Fund Plan A Growth 40 (1,94,65,573) 36,10,159 UTI Floating Rate Fund Growth (37,23,783) UTI Money Market Fund Growth 25 (1,90,537) 35,25,25,179 UTI Short Term Income Fund Institutional Plan Growth (30,35,68,335) (20,30,859) UTI Treasury Advantage Fund Institutional Plan ,225 Birla Sunlife Floating Rate Fund Short Term Growth 1 1 (49,784) 65,694 () Birla Sunlife Cash Plus Direct Plan Growth 1 HDFC Liquid Fund Premium Plan Daily Dividend 33 (2,70,06,021) HDFC Liquid Fund Dividend 1 (8,38,534)

23 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 247 1,11,74,438 (28,13,853) 1,73,378 (24,599) 5,55,857 (6,04,758) (37,41,132) 1,45,545 (1,43,956) 61,05,501 (35,24,215) 1,30,51,222 () 71,180 () (9,61,89,785) HDFC Liquid Fund Growth 27 6 HDFC Cash Management FundSavings PlanDirect Plan Dividend (` 18,44,123 ; Previous Year ` 3,00,000) HDFC Cash Management FundSavings Plan Dividend 1 1 ICICI Prudential Liquid Super Institutional Dividend 37 ICICI Prudential Liquid Plan Direct Growth 3 3 ICICI Prudential Institutional Liquid PlanSuper Institutional Daily Dividend ICICI Prudential Blended Plan A Direct Plan Growth 26 ICICI Pru Liquid Plan Direct Plan Growth 2 IDFC Banking Debt Fund Regular Plan Growth Fund 97 1,13,125 IDFC Cash Fund Regular Plan Growth 18 () 2,29,27,832 () IDFC Banking Debt Fund Direct Plan Growth 25 JM High Liquidity Fund 1 (1,90,639) 3,197 SBI Premier Liquid Fund Regular Plan Growth 1 9 (47,494) 10,792 13,458 Investments in Treasury Bills Quoted 15 Investments in Commercial Paper Quoted Housing Development Finance Corporation Limited 369 Investment in certificate of deposits Unquoted Andhra Bank 9 Canara Bank 44 Central Bank of India 187 Indian Bank 287 Oriental Bank of Commerce 263 State Bank of Patiala 71 UCO Bank 478 Union Bank of India 91 1,430 Total Current Investments 34,458 28,869

24 248 Reliance Industries Limited Annual Report Growth is Life INVENTORIES Raw Materials 7,573 7,938 Raw Materials in Transit 16,145 13,820 StockinProcess 12,012 11,537 StockinTrade 5,347 3,428 Finished Goods 11,947 13,913 Stores, Chemicals and Packing Materials 2,973 3,965 TOTAL 55,997 54, TRADE RECEIVABLES (Unsecured and Considered Good) Outstanding for a period exceeding six months Others 9,333 9,690 TOTAL 9,411 9, CASH AND BANK BALANCES Cash and cash equivalents: Cash on hand Bank Balances: In current accounts* 1,430 1,205 In deposit ** 32,867 49,192 Subtotal 34,360 50,456 Other bank balances In deposit # 3,624 Subtotal 3,624 TOTAL 37,984 50,456 * Includes unclaimed dividend of ` 175 crore (Previous Year ` 152 crore). ** Include deposits of ` 75 crore (Previous Year ` 13,189 crore) with maturity of more than 12 months. # Deposits of ` 3,624 crore (Previous Year ` NIL) are given as lien against Short Term Borrowings. 19. SHORTTERM LOANS AND ADVANCES (Unsecured and Considered Good) Loans and Advances to Related Parties (Refer Note No. 28) Balance with Customs, Central Excise Authorities 3,573 2,809 Deposits Others# 5,510 7,141 TOTAL 9,965 10,455 # Includes primarily Interest Receivable on Fixed Deposits with banks, Share Application Money, Advance to sundry creditors and advance to employees.

25 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer OTHER CURRENT ASSETS Interest accrued on Investment Share Application Money 2, Others * TOTAL 3,254 1,783 * Includes Interest Receivables. 21. OTHER INCOME Interest From Current Investments From Long Term Investments 1, From Others 4,351 4,405 Dividend 5,907 5,816 From Current Investments From Long Term Investments Net Gain on sale of Investments From Current Investments 1,685 1,303 From Long Term Investments ,493 1,768 Share in income of Associates Other non operating income TOTAL 9,001 7, CHANGES IN INVENTORIES OF FINISHED GOODS, STOCKINPROCESS AND STOCKINTRADE Inventories (at close) Finished Goods / StockinTrade 17,294 17,341 StockinProcess 12,012 11,537 Inventories (at commencement) 29,306 28,878 Finished Goods / StockinTrade 17,341 13,153 StockinProcess 11,537 10,535 28,878 23,688 Less: Capitalised during the year 132 Add: Opening Stock of Subsidiaries acquired during the year ,746 23,924 TOTAL (560) (4,954)

26 250 Reliance Industries Limited Annual Report Growth is Life EMPLOYEE BENEFITS EXPENSE Salaries and Wages 4,814 4,529 Contribution to Provident and Other Funds Staff Welfare Expenses TOTAL 5,572 5, FINANCE COSTS Interest Expenses 2,507 2,574 Other borrowing costs 4 21 Applicable loss on foreign currency transactions and translation 1, TOTAL 3,836 3, DEPRECIATION AND AMORTISATION EXPENSE Depreciation and Amortisation (Refer Note No. 11) 13,159 13,393 Less: Transferred from Revaluation Reserve (Refer Note No. 11.7) 1,083 2,081 Less: Transferred from General Reserve (Refer Note No. 11.7) 790 Less: Transferred from Capital Reserve (Refer Note No. 11.7) TOTAL 11,201 11, OTHER EXPENSES Manufacturing expenses Stores, Chemicals and Packing Materials 4,935 4,285 Electric Power, Fuel and Water 10,855 7,993 Labour Processing, Production Royalty and Machinery Hire Charges 1,372 1,651 Repairs to Building Repairs to Machinery Exchange Difference (Net) 231 (57) Excise Duty # (1) 50 Lease Rent ,365 14,848 Land development and construction expenditure 30 49

27 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 251 Selling and distribution expenses Warehousing and Distribution Expenses 5,536 5,364 Sales Tax /VAT 939 1,105 Other Selling and Distribution Expenses Establishment expenses 7,410 7,425 Professional Fees 1, General Expenses 1, Rent Insurance Rates & Taxes Other Repairs Travelling Expenses Payment to Auditors Loss on Sale / Discard of Assets Investments Written Off 3 Charity and Donations ,998 4,394 Less: Transfer to project development Expenditure (Net) TOTAL 31,067 26,588 # Excise Duty shown under expenditure represents the aggregate of excise duty borne by the Company and difference between excise duty on opening and closing stock of finished goods. 27. EARNINGS PER SHARE (EPS) i) Net Profit after tax (after adjusting Minority Interest) as per Statement of Profit and Loss ii) iii) (Short) provision of tax for earlier years (net) (` 8,26,209) (Short) Provision of Tax for earlier years (net) Minority Interest [(` 781), Previous Year (` 43,379)] ,493 20,879 (54) iv) Net profit attributable to equity shareholders 22,493 20,825 v) Weighted Average number of equity shares used as denominator for calculating EPS 2,93,82,58, ,76,09,853 vi) Basic and Diluted Earnings per share (`) vii) Face Value per equity share (`)

28 252 Reliance Industries Limited Annual Report Growth is Life RELATED PARTY DISCLOSURES : (i) List of related parties and relationships: Sr. No. Name of the Related Party 1. Reliance Industrial Infrastructure Limited 2. Reliance Europe Limited 3. Reliance LNG Limited 4. Indian Vaccines Corporation Limited 5. Gujarat Chemical Port Terminal Company Limited 6. Reliance Utilities and Power Private Limited 7. Reliance Ports and Terminals Limited 8. Reliance Gas Transportation Infrastructure Limited 9. Reliance Commercial Dealers Limited 10. Reliance Commercial Trading Private Limited 11. Diesel Fashion India Reliance Private Limited 12. Atri Exports Private Limited 13. Shree Salasar Bricks Private Limited 14. N.C. Trading Company Private Limited 15. KCIPI Trading Company Private Limited 16. Prakhar Commercials Private Limited 17. Pepino Farms Private Limited 18. Marugandha Land Developers Private Limited 19. Jaipur Enclave Private Limited 20. Einsten Commercials Private Limited 21. Ashwani Commercials Private Limited 22. Vishnumaya Commercials Private Limited 23. Carin Commercials Private Limited 24. Netravati Commercials Private Limited 25. Rakshita Commercials Private Limited 26. Kaniska Commercials Private Limited 27. Rocky Farms Private Limited 28. Centura Agro Private Limited 29. Fame Agro Private Limited 30. Noveltech Agro Private Limited 31. Honeywell Properties Private Limited 32. Parinita Commercials Private Limited 33. Chander Commercials Private Limited 34. Creative Agrotech Private Limited 35. RelianceVision Express Private Limited Relationship Associate Companies / Joint Ventures

29 0233 Company Overview Statutory Reports Financial Statements Shareholders' Referencer 253 Sr. No. Name of the Related Party 36. Marks and Spencer Reliance India Private Limited 37. RelianceGrandVision India Supply Private Limited 38. Office Depot Reliance Supply Solutions Private Limited 39. Supreme Tradelinks Private Limited 40. Reliance Paul & Shark Fashions Private Limited 41. Gaurav Overseas Private Limited 42. Reliance Innovative Building Solutions Private Limited 43. IMG Reliance Limited 44. EFS Midstream LLC 45. Zegna South Asia Private Limited 46. D.E. Shaw India Securities Private Limited 47. India Gas Solutions Private Limited 48. Algenol LLC 49. Aurora Algae Inc. 50. Extramarks Education Private Limited 51. GenNext Ventures Investment Advisers LLP * 52. Iconix Lifestyle India Private Limited 53. Brooks Brothers India Private Limited ** 54. Reliance Jio Digital Services Private Limited # 55. Reliance Jio Media Private Limited 56. Reliance Jio Infratel Private Limited ## 57. Football Sports Development Private Limited 58. R P Chemicals (Malaysia) Sdn. Bhd. 59. Matrix Genetics LLC 60. Shri Mukesh D. Ambani 61. Shri Nikhil R. Meswani 62. Shri Hital R. Meswani 63. Shri P.M.S. Prasad 64. Shri P. K. Kapil 65. Dhirubhai Ambani Foundation 66. Jamnaben Hirachand Ambani Foundation 67. Hirachand Govardhandas Ambani Public Charitable Trust 68. HNH Trust and HNH Research Society 69. Reliance Foundation Relationship Associate Companies / Joint Ventures Key Managerial Personnel Enterprises over which Key Managerial Personnel are able to exercise significant influence * Formerly known as GenNext Ventures LLP ** Formerly known as In Vogue Brand Solutions Private Limited # Formerly known as Reliance Jio Cloudworks Private Limited ## Formerly known as Reliance Jio Private Limited