176 Reliance Industries Limited Annual Report 201314 Growth is Life... 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: 323,19,01,858 Equity Shares of ` 10 each fully paid up 3,232 3,229 (322,86,63,382) Less: Calls in arrears by others [` 3,113 (Previous Year ` 3,653)] 3,232 3,229 TOTAL 3,232 3,229 1.1 162,67,93,078 (162,67,93,078) Shares were allotted as Bonus Shares in the last five years by capitalisation of Securities Premium and Reserves. 1.2 6,92,52,623 (6,92,52,623) Shares were allotted in the last five years pursuant to the Scheme of amalgamation with Reliance Petroleum Limited without payments being received in cash. 1.3 45,04,27,345 (45,04,27,345) 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. 1.4 17,18,83,624 (17,18,83,624) Shares held by Subsidiaries do not have Voting Rights and are not eligible for Bonus Shares 1.5 4,62,46,280 Shares were bought back and extinguished in the last five years. (4,62,46,280) 1.6 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 26,35,20,679 8.15 25,77,59,467 7.98 1.7 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 322,86,63,382 327,10,59,340 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 323,19,01,858 322,86,63,382 1.8 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 Committee from the date of grant based on specified criteria. 1.9 Share application money pending allotment represents application money received on account of Employees Stock Option Scheme.
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 177 2. RESERVES AND SURPLUS Capital Reserve As per last Balance Sheet 291 291 Capital Redemption Reserve As per last Balance Sheet 48 4 Add : On Amalgamation (Refer Note No. 33) 1 Add : Transferred from Profit and Loss Account on buy back of Equity Shares 43 48 48 Securities Premium Reserve As per last Balance Sheet 47,645 50,677 Add : On issue of shares 205 12 47,850 50,689 Less : On buy back of Equity Shares 3,044 47,850 47,645 Less: Calls in arrears by others [` 1,93,288 (Previous Year ` 2,21,548)] 47,850 47,645 Debentures Redemption Reserve As per last Balance Sheet 1,117 1,117 Revaluation Reserve As per last Balance Sheet 1,055 3,127 Less: Transferred to Profit and Loss Account (Refer Note No. 9.7) 1,055 2,072 1,055 General Reserve* As per last Balance Sheet 1,18,000 1,00,000 Add: Transferred from Profit and Loss Account 18,000 18,000 Less: Transferred to Profit and Loss Account (Refer Note No. 9.7) 790 1,35,210 1,18,000 Profit and Loss Account As per last Balance Sheet 8,610 7,609 Add : On Amalgamation (Refer Note No. 33) 1,116 Add: Profit for the year 21,984 21,003 30,594 29,728 Less: Appropriations Transferred to General Reserve 18,000 18,000 Transferred to Capital redemption reserve on buy back of Equity Shares 43 Proposed dividend on Equity Shares** 2,793 2,628 [Dividend per Share ` 9.5/ (Previous year ` 9.0/)] Tax on dividend** 475 447 9,326 8,610 TOTAL 1,93,842 1,76,766 * Cumulative amount withdrawn on account of Depreciation on Revaluation is ` 3,353 crore (Previous Year ` 2,563 crore).
178 Reliance Industries Limited Annual Report 201314 Growth is Life... ** 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). 3. LONG TERM BORROWINGS Non Current Current Non Current Current Secured Non Convertible Debentures 1,434 434 1,842 4,182 Long Term Maturities of Finance Lease Obligations (Refer Note No. 9.10 and 31) 122 25 147 22 1,556 459 1,989 4,204 Unsecured Bonds 9,941 9,066 Term Loans from banks 51,211 4,025 31,951 13,697 Deferred payment liabilities 3 3 6 3 61,155 4,028 41,023 13,700 TOTAL 62,711 4,487 43,012 17,904 3.1 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 Maturity profile and Rate of interest of Non Convertible Debentures are as set out below : Non current Current Rate of Interest 202021 201819 201718 201617 201516 TOTAL 201415 6.25% 134 133 133 133 533 133 8.75% 500 500 9.25% 250 10.75% 370 370 Zero Coupon Debentures 31 31 51 TOTAL 500 504 133 133 164 1,434 434 3.3 Finance Lease Obligations are secured against leased assets.
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 179 3.4 Maturity profile and Rate of interest of Bonds are as set out below : Maturity Profile Rate of Interest 209697 204647 202728 202627 201819 201617 201516 TOTAL 2.86% 964 964 6.21% 300 300 6.24% 971 971 6.34% 228 228 6.51% 779 779 6.61% 1,019 1,019 7.63% 30 30 8.25% 203 203 9.38% 132 132 10.25% 74 74 10.38% 391 391 10.50% 57 57 TOTAL 74 57 30 335 1,247 2,441 964 5,148 3.5 Bonds include, 5.875% Senior Perpetual Notes (the "Notes") of ` 4,793 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 611 years 25 years TOTAL 1 year Term Loans from banks 9,602 41,609 51,211 4,025 4. DEFERRED TAX LIABILITY (Net) Deferred Tax Liability Related to fixed assets 12,376 12,293 Deferred Tax Assets Disallowances under the Income Tax Act, 1961 161 100 TOTAL 12,215 12,193 5. SHORT TERM BORROWINGS Secured Working Capital Loans From Banks Foreign Currency Loans 600 406 Rupee Loans 7,389 27 7,989 433 From Others Rupee Loans 1,199 Unsecured Other Loans and Advances From Banks Foreign Currency Loans Buyers/Packing Credit 13,582 10,978 Rupee Loans 100 13,582 11,078 TOTAL 22,770 11,511
180 Reliance Industries Limited Annual Report 201314 Growth is Life... 5.1 Working Capital Loans from Banks referred above to the extent of: (a) (b) ` 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. ` 3,105 crore are secured by way of lien on fixed deposits and ` 978 crore are secured by lien on Government Securities. 5.2 Working Capital Loan from Others of ` 1,199 crore are secured by lien on Government Securities. 6. TRADE PAYABLES Micro, Small and Medium Enterprises 108 66 Others 57,754 45,721 TOTAL 57,862 45,787 6.1 The details of amounts outstanding to Micro, Small and Medium Enterprises based on available information 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 7. OTHER CURRENT LIABILITIES Current maturities of Long Term Debt 4,462 17,882 Current maturities of Finance Lease Obligations 25 22 (Refer Note No. 3 and 9.10) 4,487 17,904 Interest accrued but not due on borrowings 194 340 Unclaimed Dividends # 175 152 Application money received and due for refund # 1 1 Unpaid matured debentures and interest accrued thereon # 1 1 Other Payables * 5,909 3,242 TOTAL 10,767 21,640 # 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. * Includes statutory dues, security deposit, creditors for capital expenditure and advance from customers. 8. SHORT TERM PROVISIONS Provisions for Employee Benefits (Refer Note No. 22.1) 190 126 Proposed Dividend 2,793 2,643 Tax on Dividend 475 449 Provision for Wealth Tax 60 44 Other Provisions # 649 1,086 TOTAL 4,167 4,348
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 181 # 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 ` 336 crore as per the estimated pattern of despatches. During the year, ` 336 crore was utilised for clearance of goods. Provision recognised under this class for the year is ` 300 crore which is outstanding as on. Actual outflow is expected in the next financial year. The Company had recognised customs duty liability on goods imported of ` 747 crore as at. During the year, further provision of ` 38 crore was made and sum of ` 439 crore was reversed on fulfilment of export obligation. Closing balance on this account as at is ` 346 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 seriously prejudice the position of the Company. 9. FIXED ASSETS Description 0104 2013 Additions / Adjustment Gross Block Depreciation / Amortisation Net Block Deductions/ Adjustments 31032014 01042013 For the Deductions/ Year# Adjustments 31032014 31032014 31032013 TANGIBLE ASSETS : OWN ASSETS : Leasehold Land 1,622 36 1,586 296 53 9 340 1,246 1,326 Freehold Land 1,309 196 1 1,504 1,504 1,309 Buildings 8,516 668 13 9,171 3,084 280 3 3,361 5,810 5,432 Plant & Machinery 1,37,573 4,481 1,024 1,41,030 69,834 7,609 977 76,466 64,564 67,739 Electrical Installations 3,591 107 5 3,693 1,728 163 2 1,889 1,804 1,863 Equipments $ 6,550 571 4 7,117 1,856 322 1 2,177 4,940 4,694 Furniture & Fixtures 522 14 7 529 352 29 5 376 153 170 Vehicles 377 73 30 420 200 54 21 233 187 177 Ships 387 387 268 13 281 106 119 Aircrafts & Helicopters 46 46 27 3 30 16 19 SUBTOTAL 1,60,493 6,110 1,120 1,65,483 77,645 8,526 1,018 85,153 80,330 82,848 LEASED ASSETS : Plant & Machinery 318 318 204 20 224 94 114 Ships 10 10 10 10 SUBTOTAL 328 328 214 20 234 94 114 TOTAL (A) 1,60,821 6,110 1,120 1,65,811 77,859 8,546 1,018 85,387 80,424 82,962 INTANGIBLE ASSETS : * Technical Knowhow fees 3,403 3,403 1,910 181 2,091 1,312 1,493 Software 481 127 608 426 38 464 144 55 Development Rights 39,270 4,294 43,564 22,267 1,951 24,218 19,346 17,003 Others 9,179 9,179 944 55 999 8,180 8,235 TOTAL (B) 52,333 4,421 56,754 25,547 2,225 27,772 28,982 26,786 TOTAL (A + B) 2,13,154 10,531 1,120 2,22,565 1,03,406 10,771 1,018 1,13,159 1,09,406 1,09,748 PREVIOUS YEAR 2,05,493 8,251 590 2,13,154 91,770 12,140 504 1,03,406 1,09,748 Capital workinprogress 32,673 13,525 Intangible Assets under Development 9,043 5,591 $ Includes Office Equipments * Other than internally generated # Depreciation for the year includes depreciation of ` 137 crore (Previous Year ` NIL) capitalised during the year. 9.1 Leasehold Land includes ` 203 crore (Previous Year ` 203 crore) in respect of which leasedeeds are pending execution. 9.2 Buildings include : 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.
182 Reliance Industries Limited Annual Report 201314 Growth is Life... iii) ` 93 crore (Previous Year ` 93 crore) in shares of Companies / Societies with right to hold and use certain area of Buildings. 9.3 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) ` 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. 9.4 Capital WorkinProgress and Intangible Assets under development include : i) ` 4,204 crore (Previous Year ` 2,795 crore) on account of project development expenditure. ii) ` 10,951 crore (Previous Year ` 4,685 crore) on account of cost of construction materials at site. 9.5 Project Development Expenditure (in respect of Projects up to, included under Capital workinprogress and Intangible Assets under development) 201314 201213 Opening Balance 2,795 2,320 Add: Transferred from Profit and Loss Account (Refer Note no. 25) 715 98 Interest Capitalised (Refer Note no. 23) 701 385 1,416 483 4,211 2,803 Less: Project Development Expenses Capitalised during the year 7 8 Closing Balance 4,204 2,795 9.6 Gross Block includes ` 12,901 crore added on revaluation of Building, Plant & Machinery and Equipments as at 01.01.2009 based on reports issued by international valuers. 9.7 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. Consequent to the said revaluation there is an additional charge of depreciation of ` 1,845 crore (Previous Year ` 2,072 crore) and an equivalent amount has been withdrawn from Revaluation Reserve/ General Reserve. 9.8 Additions in Plant and Machinery, Capital WorkinProgress, Intangible Assets Development Rights and Intangible Assets under development includes ` 8,678 crore (net loss) [Previous Year ` 5,070 crore (net loss)] on account of exchange difference during the year. 9.9 Additions for the previous year includes freehold land ` 56 crore, buildings ` 674 crore, plant and machinery ` 1,189 crore, furniture and fixtures ` 12 crore, vehicles ` 10 crore and software ` 1 crore on amalgamation of Reliance Jamnagar Infrastructure Limited with the Company. Accumulated depreciation of ` 603 crore on the above assets has been included in depreciation for the previous year. 9.10 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 2014 2013 201314 201213 2014 2013 Within one year 37 37 12 15 25 22 Later than one year and not later than five years 146 147 24 35 122 112 Later than five years 36 1 35 TOTAL 183 220 36 51 147 169
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 183 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 ` 2 crore (Previous Year ` 2 crore). 201314 201213 Within one year ` 44,00,000 (Previous Year ` 44,00,000) Later than one year and not later than five years 2 2 TOTAL 2 2 10. 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 (1,00,00,000) In Equity Shares of Associate Companies Unquoted, fully paid up 64,29,20,000 (64,29,20,000) 62,63,125 (62,63,125) 11,08,500 (11,08,500) 52,00,000 (52,00,000) Petronet India Limited of ` 10 each 10 10 Gujarat Chemical Port Terminal Company Limited of ` 1 each 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 10 10 64 64 1 1 4 4 69 69 2,000 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 16 16 16 16
184 Reliance Industries Limited Annual Report 201314 Growth is Life... 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 22,69,44,90,000 Reliance Jio Infocomm Limited 22,695 4,798 (4,79,76,90,000) of `10 each 2,00,000 Reliance Global Business B.V. of Euro 0.01 each (2,00,000) [` 1,25,400 (Previous Year ` 1,25,400)] 14,75,04,400 Reliance Industrial Investments and 148 148 (14,75,04,400) Holdings Limited of `10 each 42,450 Reliance Industries (Middle East) 46 46 (42,450) DMCC of AED 1000 each 20,20,200 Reliance Strategic Investments Limited 2 2 (20,20,200) of ` 10 each 26,91,150 Reliance Ventures Limited of ` 10 each 2,351 2,351 (26,91,150) RIL (Australia) Pty Ltd of Aus $ 1 each 25 (65,50,001) 12,50,000 Reliance Energy Generation and Distribution 1 (50,000) Limited of ` 10 each (Previous Year ` 5,00,000)] 5,66,70,00,000 Reliance Retail Ventures Limited of ` 10 each 5,667 5,667 (5,66,70,00,000) 50,000 Reliance Gas Pipelines Limited of ` 10 each (50,000) [` 5,01,256 (Previous Year ` 5,01,256)] 30,910 13,037 30,926 13,053 In Preference Shares of Subsidiary Companies Unquoted, fully paid up 8,04,83,61,211 Reliance Global Business B.V. (5,92,70,31,111) A Class Shares of Euro 0.01 each 4,02,800 9% Non Cumulative Compulsorily Convertible (4,02,800) Preference Shares of Reliance Strategic Investments Limited of ` 1 each 63,436 (63,436) (2,64,70,00,000) 5% Non Cumulative Compulsorily Convertible Preference Shares of Reliance Industries (Middle East) DMCC of AED 1000 each 9% Cumulative Redeemable Preference Shares of Reliance Jio Infocomm Limited of ` 10 each 572 382 113 113 85 85 2,647 770 3,227 In Debentures of Subsidiary Companies Unquoted, Fully paid up 2,79,90,000 (2,79,90,000) 0% Unsecured Convertible Debentures of Reliance Industrial Investments and Holdings Limited of ` 100 each 280 280
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 185 8,83,143 (8,83,143) In Government SecuritiesUnquoted 0% Unsecured Convertible Redeemable Debentures of Reliance Industrial Investments and Holdings Limited of ` 5,000 each 6 Years National Savings Certificate (Deposited with Sales Tax Department and other Government Authorities ) [` 1,37,420 (Previous Year ` 1,69,920)] In Government SecuritiesQuoted 442 442 722 722 8.33% GOI 2026 650 8.12% GOI 2020 3,111 7.16% GOI 2023 2,246 5,357 650 In Fixed Maturity Plan Quoted fully paid up 25,90,00,000 (2,50,00,000) Axis Fixed Maturity Plan (Series 34/47/49/52/55/59/60) Growth 6,00,00,000 Baroda Pioneer Fixed Maturity Plan (2,50,00,000) (Series C/M/N) Growth 63,10,00,000 Birla Sun Life Fixed Term Plan (Series GA/GB/GF/ (19,00,00,000) JR/JX/KA/KE/KJ/KM/KO/KP/KR/KT) Growth BNP Paribas Fixed Term Fund (Series 24A) (3,00,00,000) Growth 15,50,00,000 DSP BlackRock Fixed Term Plan (40,00,00,000) (Series 36/37/88/ 89/91/93/150/152) Growth 22,80,00,000 DWS Fixed Maturity Plan (17,00,00,000) (Series 26/28/30/45/49/ 52/53/47) Growth 14,00,00,000 DWS Fixed Maturity Plan Close ended debt fund () (Series 54/57/63) Growth 80,00,00,000 HDFC Fixed Maturity Plan (35,20,00,000) (Series 23/28/29) Growth 6,00,00,000 HSBC Fixed Term Plan (1,50,00,000) (Series 90/105) Growth 83,50,00,000 ICICI Fixed Maturity Plan (86,50,00,000) (Series 65/66/67/71/72/73) Growth 28,80,00,000 IDFC Fixed Maturity Plan (Series 11/14/21/51/60/ (7,00,00,000) 64/66/70/72/75/79/84/86) Growth 10,50,00,000 JP Morgan India Fixed Maturity Plan (34,50,00,000) (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 L&T Fixed Maturity Plan (12,50,00,000) (Series X/VII/IX) (Plan B/H/J/M/Q/S/T) Growth 12,00,00,000 LIC Nomura Mutual Fund Fixed Maturity Plan (6,50,00,000) (Series 56/58/64/72/76/77/79) Growth 2,50,00,000 Principal PNB Fixed Maturity Plan () (Series B10) Growth 30,00,00,000 Reliance Fixed Horizon Fund (Series 2/5/9/27/33) (45,00,00,000) (Plan XXII/XXIII/XXV/XXVI) Growth 259 25 60 25 631 190 30 155 400 228 170 140 800 352 60 15 835 865 288 70 105 345 400 295 195 125 120 65 25 300 450
186 Reliance Industries Limited Annual Report 201314 Growth is Life... 3,50,00,000 (12,00,00,000) Religare Fixed Maturity Plan (Series XVII/XVIII) (Plan A/B/D/F/H) Growth 57,50,00,000 SBI Debt Fund (38,00,00,000) (Series A 1/2/3/5/10/11/14/15/25) Growth 7,00,00,000 SBI Debt Fund Double Indexation Benefit () (Series A14) Growth 8,80,00,000 Sundaram Fixed Term Plan (10,00,00,000) (Series DC/DF/DH/EU/EX/FD/FI) Growth 17,00,00,000 Tata Fixed Maturity Plan (Series 42/46) (25,00,00,000) (Scheme B/C/G/H/K/M/N/Q/T) Growth 13,50,00,000 UTI Fixed Term Income Fund (Series XIIIIII/ (14,00,00,000) XIVVIII/XVIIVII/XVIIXIV/XVIIII/XVIIIV) Growth 35 120 575 380 70 88 100 170 250 135 140 5,674 4,412 In Debentures or Bonds Unquoted 3,000 () In Debentures or Bonds Quoted Tata Sons Limited 300 300 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 3,293 () Limited 3,500 Infrastructure Development Finance Company 350 () Limited 550 National Bank for Agriculture and Rural 55 () Development 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 6,864 Total Other Investments (B) 50,613 22,064 Total Non Current Investments (A + B) 52,692 24,143 Aggregate amount of quoted investments 17,911 5,078 Market Value of quoted investments 18,039 5,329 Aggregate amount of unquoted investments 34,781 19,065
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 187 11. LONG TERM LOANS AND ADVANCES (Unsecured and Considered Good) Capital Advances # 4,407 1,208 Deposits with Related parties (Refer Note No. 31) 1,499 1,463 Loans and Advances to Related Parties (Refer Note No. 31) 21,740 18,314 Advance Income Tax (Net of Provision) 728 475 Other Loans and Advances* 62 68 TOTAL 28,436 21,528 # Includes ` 5 crore (Previous Year ` NIL) to Reliance Utilities and Power Private Limited and ` 2 crore (Previous Year ` 2 crore) to Reliance Industrial Infrastructure Limited which are related parties. * Includes Loans to Employees. 11.1 Loans and Advances in the nature of Loans given to Subsidiaries and Associates: A) Loans and Advances in the nature of Loans Sr No. Name of the Company Maximum Balance during the year Maximum Balance during Previous year 1. Reliance Industrial Investments Subsidiary 18,941 20,555 17,306 19,135 and Holdings Limited* 2. Reliance Ventures Limited Subsidiary 14 4,351 1,767 3. Reliance Strategic Investments Subsidiary 471 1,158 2,421 Limited 4. Reliance Retail Limited Subsidiary 1,737 1,737 920 1,181 5. Reliance Exploration & Production Subsidiary 78 78 71 72 DMCC 6. Reliance Brands Limited Subsidiary 32 11 11 7. Reliance Corporate IT Park Limited Subsidiary 945 1,290 8. Reliance Gas Pipelines Limited Subsidiary 33 33 9. Reliance Jio Infocomm Limited Subsidiary 400 10. Gujarat Chemical Port Terminal Associate 6 6 6 6 Company Limited TOTAL 22,225 18,314 * Excluding Debentures of ` 722 crore (Previous Year ` 722 crore) (a) (b) (c) Loans and Advances shown above, fall under the category of Long Term Loans and 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 ` 13,454 crore given to Reliance Industrial Investments and Holdings Limited and ` 33 crore paid to Reliance Gas Pipelines Limited. Loans to employees as per Company s policy are not considered. B) (i) Investment by the loanee in the shares of the Company *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 200102) 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.
188 Reliance Industries Limited Annual Report 201314 Growth is Life... Sr No. Name of the Company No. of Shares held in RIL Amount of Loan Given 1. *Reliance Aromatics and Petrochemicals Limited 2,98,89,898 71 2. *Reliance Energy and Project Development Limited 20,58,000 303 (ii) (iii) (iv) Investment by Reliance Industrial Investments and Holdings Limited in subsidiaries In Equity Shares : Sr No. Name of the Company No. of Shares 1 Reliance Commercial Land & Infrastructure Limited 4,30,10,000 2 Reliance Global Business B.V. 18,00,000 3 Reliance Gas Corporation Limited 50,000 4 Reliance Universal Enterprises Limited 64,25,000 5 Indiawin Sports Private Limited 26,50,000 6 Reliance Corporate Services Limited 10,000 7 Reliance Industries Investment and Holding Limited 50,000 8 Reliance Security Solutions Limited 50,000 9 Mark Project Services Private Limited 5,000 10 GenNext Innovation Ventures Limited 50,000 11 Kanhatech Solutions Limited 1,65,60,000 12 Reliance Sibur Elastomers Private Limited 8,83,86,308 13 Reliance Payment Solutions Limited 88,92,000 14 Reliance Exploration & Production DMCC 1,76,200 15 Reliance Jio Electronics Private Limited 25,500 16 Reliance Aromatics and Petrochemicals Limited 10,09,300 17 Reliance Energy and Project Development Limited 10,09,280 18 Reliance Chemicals Limited 10,10,600 19 Reliance Polyolefins Limited 10,10,000 20 Reliance Retail Finance Limited 20,20,000 21 Reliance Retail Insurance Broking Limited 40,00,000 22 Reliance World Trade Private Limited 1,000 In Preference Shares : Sr No. Name of the Company No. of Shares 1 Reliance Industries Investment and Holding Limited 31,93,100 2 Reliance Jio Infocomm Limited 12,50,00,000 3 Reliance Exploration & Production DMCC 14,51,846 4 Reliance Corporate Services Limited 50,000 5 Mark Project Services Private Limited 1200 Investment by Reliance Exploration & Production DMCC in Subsidiaries In Equity Shares : Sr No. Name of the Company No. of Shares 1 Gulf Africa Petroleum Corporation 16,720 2 Central Park Enterprises DMCC 367 Investment by Reliance Retail Limited in Subsidiaries In Equity Shares : Sr No. Name of the Company No. of Shares 1 Reliance Review Cinema Limited 50,000 2 Reliance Trading Limited 10,50,000 3 Delight Proteins Limited 50,000 4 Reliance Financial Distribution and Advisory Services Limited 50,.000 5 RelianceGrandOptical Private Limited 50,000 6 Achman Commercial Private Limited 50,000
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 189 (v) Sr No. Name of the Company No. of Shares 7 Reliance F & B Services Limited 50,000 8 Reliance Petro Marketing Limited 50,000 9 Reliance Food Processing Solutions Limited 50,000 10 Reliance Dairy Foods Limited 50,000 11 Reliance Clothing India Private Limited 50,000 12 Reliance Agri Ventures Private Limited 50,000 In Preference Shares : Sr No. Name of the Company No. of Shares 1 Reliance Petro Marketing Limited 39,95,800 2 Achman Commercial Private Limited 8,000 3 Delight Proteins Limited 64,000 4 Reliance Dairy Foods Limited 2,00,000 5 Reliance F & B Services Limited 8,000 6 Reliance Food Processing Solutions Limited 2,76,000 7 Reliance Financial Distribution and Advisory Services Limited 70,000 8 Reliance Agri Ventures Private Limited 2,820 9 Reliance Review Cinema Limited 2,000 Investment by Reliance Ventures Limited in Subsidiaries in Equity Shares: Sr No. Name of the Company No. of Shares 1 Reliance Haryana SEZ Limited 46,250 (vi) (vii) 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 Investment by Reliance Corporate IT Park Limited in Subsidiaries In Equity Shares: Sr No. Name of the Company No. of Shares 1 Reliance Corporate Center Limited 50,000 2 Reliance Infrastructure Management Services Limited 50,000 3 Reliance People Serve Limited 50,000 4 Strategic Manpower Solutions Limited 50,000 In Preference Shares : Sr No. Name of the Company No. of Shares 1 Reliance People Serve Limited 8,000 11.2 (i) Assets given on finance lease on or after 1st April, 2001 Particulars Total Not later than one year Later than one year and not later than five years Later than five years 201314 201213 201314 201213 201314 201213 201314 201213 Gross Investment 3 3 Less: Unearned Finance Income Present Value of Minimum Lease Rental (ii) General Description of Lease terms: Lease rentals are charged on the basis of agreed rate of interest. Assets are given on lease for a period of five years. 3 3
190 Reliance Industries Limited Annual Report 201314 Growth is Life... 12. CURRENT INVESTMENTS (Carried at lower of cost and quoted / fair value, including current portion of long term investment) Investment in Government Securities Quoted 1.44% IIGS 2023 256 7.28% GOI 2019 509 7.59% GOI 2016 5 5 8.12% GOI 2020 72 8.20% GOI 2025 278 8.33% GOI 2026 102 8.83% GOI 2023 301 8.97% GOI 2030 149 9.47% GSEC 2024 100 9.48% GSEC 2024 75 1,318 534 Collateral Borrowing and Lending Obligation Unquoted 355 Investment in Debentures or Bonds Quoted, Fully Paid up Export Import Bank of India 30 (300) 3,050 Housing Development Finance Corporation Limited 303 3,828 (38,200) Infrastructure Development Finance Company Limited 647 (6,500) India Infrastructure Finance Company Limited 149 (15,095) Indian Railway Finance Corporation Limited 521 (42,63,562) LIC Housing Finance Limited 515 (5,150) National Bank for Agriculture and Rural Development 726 (7,250) National Highways Authority of India 494 (49,44,752) 100 Power Finance Corporation Limited 10 688 (42,74,393) 20 Power Grid Corporation of India Limited 3 5 (40) Rural Electrification Corporation Limited 59 (595) Tata Steel Limited 58 (650) (1,320) Tata Power Company Limited 133 316 7,853 Investment in Debentures or Bonds Unquoted, Fully Paid up (3,000) Tata Sons Limited 300
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 191 Investment in Fixed Maturity Plan Quoted, Fully Paid up 2,50,00,000 Axis Fixed Term Plan (5,00,00,000) (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 (2,50,00,000) 1,89,00,00,000 (67,00,00,000) 26,00,00,000 (1,50,00,000) 13,50,00,000 (5,00,00,000) 1,67,00,00,000 (53,00,00,000) 47,50,00,000 (29,80,00,000) (3,00,00,000) 7,50,00,000 () 5,00,00,000 () (5,00,00,000) 2,13,70,00,000 (62,70,00,000) 13,50,00,000 (4,50,00,000) 19,99,03,904 (5,98,46,064) 1,75,00,00,000 (88,00,00,000) 92,40,00,000 () (9,96,19,002) 2,00,00,000 () (2,50,00,000) Birla Sun Life Fixed Term Plan (Series FP) Dividend Birla Sun Life Fixed Term Plan (Series ES/EV/EY/FC/FD/ 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 Birla Sunlife Interval Income Fund (Annual Plan V/VIII/IX/X) Growth BNP Paribas Fixed Term Fund (Series 24A/25A/26A/26C/29B) Growth 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 DWS Fixed Maturity Plan (Series 6/7/9/10/26/27/28/ 29/30/32/34/36/42/43/46/48/50) Growth 25 50 98 25 25 1,890 670 260 15 135 50 1,670 530 475 298 DWS Fixed Maturity Plan (Series 18) Dividend 30 DWS Fixed Maturity Plan Close ended debt fund (Series 51/55/62) Growth 75 DWS Interval Fund Annual Plan Growth 50 HDFC Annual Interval Fund (Series 1) Growth 50 HDFC Fixed Maturity Plan (Series 366D/369D/370D/ 371D/372D/384D/390D/391D/392D/398D/399D/400D/ 526D/566D) Growth HSBC Fixed Term Plan (Series 86/90/94/96/101104) Growth ICICI Prudential Fixed Maturity Annual Interval Plan (Series VI/VII) (Plan C/D/F/I) Cumulative ICICI Prudential Fixed Maturity Plan (Series 62/63/65/66/67/68/69/70/71) (Plan A/B/C/D/E/ F/G/H/I/J/K/M) Cumulative 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 Dividend IDBI Fixed Maturity Plan (Series III) Dividend IDBI Fixed Maturity Plan (Series III) Growth 2,137 627 135 45 208 62 1,750 880 924 100 20 _ 25
192 Reliance Industries Limited Annual Report 201314 Growth is Life... 85,50,00,000 (34,70,00,000) (9,60,00,000) 11,07,54,164 (12,00,00,000) (3,50,00,000) 2,50,00,000 () 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 (Series 74/78/79) Dividend IDFC Yearly Interval Fund (Series I/II/III) Growth 855 347 96 113 120 Indiabulls Fixed Maturity Plan Growth 35 JM Fixed Maturity Plan (Series FXXIV) (Plan C) Growth 50,00,00,000 (21,50,00,000) JP Morgan India Fixed Maturity Plan (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/ (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 () (Series 1) Growth 4,95,01,683 Reliance Annual Interval Fund () (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 () (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 () (Series XIX/XXI/XXII) (Plan A/C/E/F/G) Growth 62,00,00,000 SBI Debt Fund (45,50,00,000) (Series 1/2/12/13/14/15/23/24/25/28/29) Growth SBI Debt Fund (14,00,00,000) (Series 5/7) Dividend 1,10,00,00,000 SBI Debt Fund (Series 9/12/13/16/18/32/33/34/36/37/ (7,50,00,000) 38/39/41/47/48/49/51/52/53/54) 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 (22,50,00,000) UTI Fixed Term Income Fund (Series XIIIIII/XIVV/ XIVVI/XIVVII/XIVVIII/XVI/XVII/XVIIV/XVIVII/XVIIX/ XVIIXVI/XVII/XVIII/XVIIII/XVIV/XVV/XVVI/XVVII/ XVX/XVIIXX/XVIIIIII/XVIIIIV/XVIIXIII) Growth 25 500 215 1,140 360 337 40 310 145 10 60 680 110 250 155 248 195 620 455 140 1,100 75 310 65 969 135 85 40 70 1,335 225
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 193 (13,00,00,000) UTI Fixed Term Income Fund (Series XIIIV/XIII) Dividend Investment in Mutual Fund Unquoted 130 18,941 6,493 2,27,889 Axis Banking Debt Fund Growth 25 () 7,59,94,772 Axis Short Term Fund Growth 96 135 (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 1,000 225 (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 50 () Plan Growth DSP Black Rock Liquidity Fund Institutional Plan 100 (5,96,310) Growth 7,22,79,657 DSP Black Rock Short Term Fund Growth 147 210 (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 600 () Annual 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 () 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 159 75 (5,81,04,402) Growth 3,25,53,638 Franklin India Savings Plus Fund Growth 75 () 29,63,61,644 (19,73,54,869) HDFC Short Term Opportunities Fund Growth 400 240
194 Reliance Industries Limited Annual Report 201314 Growth is Life... 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 250 300 (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 278 305 (25,68,76,110) HDFC Short Term Plan Growth 485 (22,68,83,560) HSBC Income Fund Short Term Institutional Plus 180 (16,70,54,915) Growth 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 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) ICICI Prudential Short Term Plan Regular Growth 250 (10,86,67,777) 16,20,52,229 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 275 PlanGrowth 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 319 100 (9,99,03,094) (1,75,479) IDFC Cash Fund Growth (Regular Plan) 25
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 195 21,48,65,792 IDFC Money Manager Fund Investment PlanGrowth 400 () Direct Plan IDFC Super Saver Income Fund Medium Term Plan 285 (23,42,26,669) B Growth 8,15,59,748 IDFC Super Saver Income Fund Short Term Plan 200 () Growth(Regular Plan) 2,50,000 Indiabulls Short Term Fund Direct Plan Growth 25 () Option 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 629 700 (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 304 185 (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 LIC Nomura MF Liquid Fund Growth 250 25 (1,17,585) 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 295 285 (18,67,562) SBI Dynamic Bond Fund Growth 725 (52,63,28,065) (1,90,032) SBI Premier Liquid Fund Growth 35
196 Reliance Industries Limited Annual Report 201314 Growth is Life... 36,08,46,691 SBI Short Term Debt Fund Growth 487 235 (18,37,26,275) 6,20,51,677 Sundaram Flexible Fund Short Term Plan Growth 121 80 (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 715 700 (37,23,783) UTI Money Market Fund Growth 25 (1,90,537) 35,25,25,179 UTI Short Term Income Fund Institutional Plan 518 400 (30,35,68,335) Growth (20,30,859) UTI Treasury Advantage Fund Institutional Plan 250 10,626 13,186 Investments in Treasury Bills Quoted 15 Investments in Commercial Paper Unquoted 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 33,370 28,366 Aggregate amount of quoted investments 20,590 14,880 Market Value of quoted investments 21,655 15,460 Aggregate amount of unquoted investments 12,780 13,486
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 197 13. INVENTORIES Raw Materials 7,309 7,882 Raw Materials in Transit 16,145 13,820 StockinProcess 6,546 6,361 Finished Goods 10,071 10,819 Stores, Chemicals and Packing Materials 2,789 3,794 StockinTrade 72 53 TOTAL 42,932 42,729 14. TRADE RECEIVABLES (Unsecured and Considered Good) Outstanding for a period exceeding six months 65 41 Others 10,599 11,839 TOTAL 10,664 11,880 15. CASH AND BANK BALANCES Cash and cash equivalents: Cash on hand 21 15 Bank Balances: In current accounts* 996 740 In deposit ** 32,207 48,792 Subtotal 33,224 49,547 Other bank balances In deposit # 3,400 Subtotal 3,400 TOTAL 36,624 49,547 * Includes unclaimed dividend of ` 175 crore (Previous Year ` 152 crore). ** Includes deposits of ` 1 crore (Previous Year ` 13,173 crore) with maturity of more than 12 months. # Deposits of ` 3,400 crore (Previous Year ` NIL) are given as lien against Short Term Borrowings. 15.1 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. 16. SHORT TERM LOANS AND ADVANCES (Unsecured and Considered Good) Loans and Advances to Related Parties (Refer Note No. 31) 4,366 3,674 Balance with Customs, Central Excise Authorities 2,727 2,549 Deposits 681 399 Others# 3,503 4,352 TOTAL 11,277 10,974 # Includes primarily Interest Receivable on Fixed Deposits with Banks, Advance to sundry creditors.
198 Reliance Industries Limited Annual Report 201314 Growth is Life... 17. OTHER CURRENT ASSETS Interest accrued on Investment 466 480 TOTAL 466 480 18. SALE OF PRODUCTS Particulars of Sale of products 201314 201213 Petroleum Products 2,97,746 2,73,790 Petrochemicals Products 96,383 88,108 Oil & Gas 6,055 8,173 Others 1,016 950 TOTAL 4,01,200 3,71,021 19. OTHER INCOME Interest 201314 201213 From Current Investments 442 892 From Long Term Investments 1,025 460 From Others 5,005 4,893 Dividend 6,472 6,245 From Current Investments 88 74 From Long Term Investments 3 3 Net gain on sale of Investments 91 77 From Current Investments 1,716 1,234 From Long Term Investments 632 424 2,348 1,658 Other non operating income * 25 18 TOTAL 8,936 7,998 * Other non operating income includes income from finance lease of ` 6,85,777 (Previous Year ` 1 crore). 20. COST OF MATERIALS CONSUMED 201314 % of Consumption 201213 % of Consumption Imported 2,95,338 89.68 2,77,824 90.75 Indigenous 33,975 10.32 28,303 9.25 TOTAL 3,29,313 100.00 3,06,127 100.00 20.1 Particulars of Materials Consumed Particulars 201314 201213 Crude Oil 2,98,950 2,79,316 Others 30,363 26,811 TOTAL 3,29,313 3,06,127
0233 Company Overview 34164 Statutory Reports 165270 Financial Statements 271284 Shareholders' Referencer 199 21. CHANGES IN INVENTORIES OF FINISHED GOODS, STOCKINPROCESS AND STOCKINTRADE Inventories (at close) 201314 201213 Finished Goods / StockinTrade 10,143 10,872 StockinProcess 6,546 6,361 Inventories (at commencement) 16,689 17,233 Finished Goods / StockinTrade 10,872 7,998 StockinProcess 6,361 5,274 17,233 13,272 Less: Capitalised during the year 132 Add: On Amalgamation (Refer Note No. 33) 644 17,101 13,916 TOTAL 412 (3,317) 22. EMPLOYEE BENEFITS EXPENSE Particulars 201314 201213 Salaries and wages 2,877 2,925 Contribution to provident and other funds 233 218 Staff welfare expenses 260 211 TOTAL 3,370 3,354 22.1 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 : Particulars 201314 201213 Employer s Contribution to Provident Fund 100 91 Employer s Contribution to Superannuation Fund 15 15 Employer s Contribution to Pension Scheme 21 19 The Company s Provident Fund is exempted under section 17 of Employees Provident Fund and Miscellaneous Provisions Act, 1952. 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 fund scheme managed by a Trust (Life Insurance Corporation of India for SEZ unit of the Company) is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for Compensated Absences is recognised in the same manner as gratuity.
200 Reliance Industries Limited Annual Report 201314 Growth is Life... I) Reconciliation of opening and closing balances of Defined Benefit Obligation II) III) IV) Gratuity (Funded) Compensated Absences (Unfunded) 201314 201213 201314 201213 Defined Benefit obligation at beginning of the year 500 436 128 137 On Amalgamation (Refer Note No. 33) 2 1 Current Service Cost 33 31 10 9 Interest Cost 39 34 9 9 Actuarial (gain) / loss (16) 26 60 25 Benefits paid (35) (29) (18) (53) Defined Benefit obligation at year end 521 500 189 128 Reconciliation of opening and closing balances of fair value of Plan Assets Gratuity (Funded) 201314 201213 Fair value of Plan assets at beginning of year 503 394 On Amalgamation (Refer Note No. 33) 2 Expected return on plan assets 39 34 Actuarial gain / (loss) 3 10 Employer contribution 11 92 Benefits paid (35) (29) Fair value of Plan assets at year end 521 503 Actual return on plan assets 42 44 Reconciliation of fair value of assets and obligations Gratuity (Funded) 31st March Compensated Absences (Unfunded) 31st March 2014 2013 2014 2013 Fair value of Plan assets 521 503 Present value of obligation 521 500 189 128 Amount recognised in Balance Sheet (3) 189 128 Expenses recognised during the year Gratuity (Funded) Compensated Absences (Unfunded) 201314 201213 201314 201213 Current Service Cost 33 31 10 9 Interest Cost 39 34 9 9 Expected return on Plan assets (39) (34) Actuarial (gain) / loss (19) 16 60 25 Net Cost 14 47 79 43