Balance Sheet(2008-1999), Reliance Industries

*All numbers are in INR and in x10M

200803 200703 200603 200503 200403 200303 200203 200103 200003 199903
Inventories 14247.54 12136.51 10119.82 7412.88 7231.22 7510.41 4974.07 2299.85 1823.2 1408.61
Sundry Debtors 6227.58 3732.42 4163.62 3927.81 3189.93 2998.11 2722.46 1134.17 842.46 457.1
Cash and Bank 4280.05 1835.35 2146.16 3608.79 224.24 147.21 1760.71 100.63 1081.55 4897.6
Loans and Advances 18130.67 12209.07 8144.85 13503.03 12064.38 11701.39 9993.42 5587.86 4106.74 1701.87
Total Current Assets 42885.84 29913.35 24574.45 28452.51 22709.77 22357.12 19450.66 9122.51 7853.95 8465.18
Gross Block 104229.1 99532.77 84970.13 55125.82 53502.91 50552.99 46727.32 25355.99 24330.95 18650.33
Less : Accumulated Depreciation 42345.47 35872.31 29253.38 24872.83 21713.74 18461.16 15076.92 11841.53 9214.06 6691.93
Less:Impairment of Assets 0 0 0 0 0 0 0 0 0 0
Net Block 61883.63 63660.46 55716.75 30252.99 31789.17 32091.83 31650.4 13514.46 15116.89 11958.4
Lease Adjustment 0 0 0 0 0 0 0 0 0 0
Capital Work in Progress 23005.84 7528.13 6957.79 4829.29 3356.81 1994.44 1533.31 512.38 331.42 3437.83
Miscellaneous Expenses not written off 0 0 0 0 0 47.15 62.86 0 0 0
Deferred Tax Assets 310.53 297.64 121.7 366.64 336.59 271.12 228.88 0 0 0
Investments 22063.6 16251.34 5846.18 17051.46 13971.4 6722.72 3850.16 6726.11 6066.56 4294.59
Total Asset 150149.44 117650.92 93216.87 80952.89 72163.74 63484.38 56776.27 29875.46 29368.82 28156
Current Liabilities 21045.47 16865.53 12563.5 13659.72 10284.47 9490.89 6472.29 4110.8 3215.38 4557
Provisions 2992.62 1712.87 3890.98 3471.8 2670.75 904.83 1210.54 863.5 650.45 544.37
Total Current Liabilities 24038.09 18578.4 16454.48 17131.52 12955.22 10395.72 7682.83 4974.3 3865.83 5101.37
Deferred Tax Liability 8183.07 7279.66 5092.52 4633.46 3811.41 2955.94 2289.7 0 0 0
Secured Loans 6600.17 9569.12 7664.9 7972.9 11451.14 11776.86 14188.89 4068.4 5988.11 5477.64
Unsecured Loans 29879.51 18256.61 14200.71 10811.69 9493.52 7981.45 4739.59 6067.39 5532.13 5207.65
Total Debt 36479.68 27825.73 21865.61 18784.59 20944.66 19758.31 18928.48 10135.79 11520.24 10685.29
Share Capital 1453.39 1453.35 1393.17 1393.09 1395.95 1395.92 1395.85 1053.49 1346.4 1186.34
Reserves Total 78312.81 62513.78 48411.09 39010.23 33056.5 28978.49 26479.41 13711.88 12636.35 11183
Equity Share Warrants 1682.4 0 0 0 0 0 0 0 0 0
Equity Application Money 0 0 0 0 0 0 0 0 0 0
Total Shareholders Funds 81448.6 63967.13 49804.26 40403.32 34452.45 30374.41 27875.26 14765.37 13982.75 12369.34
Total Liability 150149.44 117650.92 93216.87 80952.89 72163.74 63484.38 56776.27 29875.46 29368.82 28156
Check Integrity* 0 0 0 0 0 0 0 0 0 0
*It checks asset and liability mismatch if any
Income Statement(2008-1999), Reliance Industries
*All numbers are in INR and in x10M
200803 (12) 200703 (12) 200603 (12) 200503 (12) 200403 (12200303 (12200203 (12) 200103 (12) 200003 (12) 199903 (12)
INCOME :
Sales Turnover 139269.45 118353.71 89124.46 73164.1 56247.03 50095.81 45403.88 23024.17 15847.16 10624.15
Excise Duty 5463.68 6654.68 8246.67 7245.27 4397.4 4391.62 3281.94 2580.83 2451.53 1929.46
Net Sales 133805.77 111699.03 80877.79 65918.83 51849.63 45704.19 42121.94 20443.34 13395.63 8694.69
Other Income 6615.62 478.28 682.92 1603.38 1398.7 1187.6 1198.3 982.59 976.56 629.19
Stock Adjustments -1867.16 654.6 2131.19 -524.35 -605.41 2435.49 -907.83 317.94 343.68 -152.43

Total Income 138554.23 112831.91 83691.9 66997.86 52642.92 49327.28 42412.41 21743.87 14715.87 9171.45

EXPENDITURE :
Raw Materials 96311.56 78692.94 58342.31 45931.87 34721.39 34277.68 28187.25 12365.75 7128.45 3401.26
Power & Fuel Cost 2052.84 2261.69 1146.26 907.94 725.15 719.4 739.62 987.86 439.54 270
Employee Cost 2049.95 2045.95 932.09 791.21 763.79 616.36 533.8 413.3 358.39 352.22
Other Manufacturing Expenses 3502.01 3486.87 2217.72 1937.13 1738.18 1490.29 1459.9 1044.21 1085.99 1033.88
Selling and Administration Expenses 5331.4 5342.31 5765.46 2826.38 3275.63 2510.46 1902.31 1174.66 747.95 626.96
Miscellaneous Expenses 547.3 588.85 461.19 352.09 462.33 350.63 521.4 197.67 212.81 181.12
Less: Pre-operative Expenses Capitalised 175.46 111.21 155.14 9.6 26.43 4 1.81 1.3 3.87 11.53

Total Expenditure 109619.6 92307.4 68709.89 52737.02 41660.04 39960.82 33342.47 16182.15 9969.26 5853.91

Operating Profit 28934.64 20524.51 14982.01 14260.84 10982.88 9366.46 9069.94 5561.72 4746.61 3317.54
Interest 1077.36 1188.89 877.04 1468.66 1434.72 1555.16 1825.1 1215.99 1008 728.81
Gross Profit 27857.28 19335.62 14104.97 12792.18 9548.16 7811.3 7244.84 4345.73 3738.61 2588.73
Depreciation 4847.14 4815.15 3400.91 3723.5 3247.02 2837.09 2816.14 1565.11 1278.36 855.04
Profit Before Tax 23010.14 14520.47 10704.06 9068.68 6301.14 4974.21 4428.7 2780.62 2460.25 1733.69
Tax 2604.96 1617.1 900 705 351 245.9 190 135 57 30
Fringe Benefit tax 47 40.34 30.72 0 0 0 0 0 0 0
Deferred Tax 899.89 919.63 704 792 790 624 996 0 0 0
Reported Net Profit 19458.29 11943.4 9069.34 7571.68 5160.14 4104.31 3242.7 2645.62 2403.25 1703.69
Extraordinary Items 4111.75 -312.17 74.91 31.94 -53.64 4.25 316.81 10.75 50.41 6.66
Adjusted Net Profit 15346.54 12255.57 8994.43 7539.74 5213.78 4100.06 2925.89 2634.87 2352.84 1697.03

Adjst. below Net Profit 48.1 0.51 0 -4.17 -13.03 0 -1064.82 0 0 0

P & L Balance brought forward 2765.37 3029.09 8967.86 5592.06 3343.06 2726.23 3232.15 1739.48 1132.67 1047.89
Statutory Appropriations 0 0 0 0 0 0 0 0 0 0
Appropriations 17908.47 12207.63 15008.11 4191.71 2898.11 3487.48 2683.8 2224.45 1796.44 1618.91
P & L Balance carried down 4363.29 2765.37 3029.09 8967.86 5592.06 3343.06 2726.23 2160.65 1739.48 1132.67

Dividend 1631.24 1440.44 1393.51 1045.13 733.1 698.19 663.28 447.85 384.65 350.16
Preference Dividend 0 0 0 0 0 20.08 0 4.77 35.57 23.39
Equity Dividend % 130 110 100 75 52.5 50 47.5 42.5 40 37.5
Earnings Per Share(Adj)-Unit Curr 131.97 84.28 63.7 43.33 29.52 23.27 25.02 20.02 17.92 14.28
Earnings Per Share-Unit Curr 131.97 84.28 63.7 53.3 36.31 28.62 30.78 24.63 22.04 17.56
Earnings Per Share(Adj)-Unit Curr 131.97 84.28 63.7 43.33 29.52 23.27 25.02 20.02 17.92 14.28
Book Value-Unit Curr 542.83 439.67 324.11 270.43 227.22 198 235.34 113.86 103.65 100.12
Cash Flow Statement(2008-1999) - Reliance Industries
*All numbers are in INR and in x10M
200803 200703 200603 200503 200403 200303 200203 200103 200003 199903
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year 1835.35 2146.16 3608.79 224.24 147.21 1760.71 143.27 1081.55 4897.6 2133.51
Net Cash from Operating Activities 17426.74 16870.55 10301.58 17288.58 11777.56 6642.31 7523 4748.08 1630.55 1746.08
Cash Flow From Operating Activities
Net Profit before Tax & Extraordinary Items 23010.14 14520.47 10704.06 9068.68 6301.14 4974.21 4428.7 2645.62 2403.25 1703.69
Adjustment For
Depreciation 6627.85 6812.16 4853.73 3784.57 3331.39 3452.79 3435.82 2636.73 2533.59 1776.66
Interest (Net) 414.96 911.77 403.31 189.29 553.31 849.56 1283.99 1014.42 413.33 166.33
Dividend Received -18.37 -107.81 -22.44 -20.4 -25.84 -112.44 -23.78 -20.11 0 0
P/L on Sales of Assets 1.79 6.19 0.27 8.92 12.6 21.02 14.19 2.39 7.07 -3.39
P/L on Sales of Invest -4852.37 -3.93 -88.38 -47.17 -101.67 -26.16 -35.17 -13.7 -79.45 -24.08
Prov. & W/O (Net) 13.92 106.5 24.31 72.82 47.15 39.09 51.72 129.2 75.24 0
P/L in Forex -398.62 -165.33 40.63 116.42 22.34 -34.15 76.88 -548.23 -331.87 -8.43
Fin. Lease & Rental Chrgs 0 0 0 0 0 0 0 0 0 0
Others -1778.69 -1998.93 -1452.82 -58.21 -82.19 -619.43 -1029.26 -1166.72 -1255.16 -868.22
Total Adjustments (PBT & Extraordinary Items) 10.47 5560.62 3758.61 4046.24 3757.09 3570.28 3774.39 2033.98 1362.75 1038.87
Op. Profit before Working Capital Changes 23020.61 20081.09 14462.67 13114.92 10058.23 8544.49 8203.09 4679.6 3766 2742.56
Adjustment For
Trade & 0th receivables -3930.18 -1465.72 826.27 1739.76 -257.88 -2226.76 -544.62 -591.77 -1080.7 97.96
Inventories -2111.03 -790.56 -2706.94 -181.66 279.19 -2536.34 307.61 -476.65 -414.59 -64.65
Trade Payables 2934.09 948.83 -1338.09 3129.42 2005.2 3001.75 -383.5 1271.91 -583.59 30.55
Loans & Advances 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0
Net Stock on Hire 0 0 0 0 0 0 0 0 0 0
Leased Assets Net of Sale 0 0 0 0 0 0 0 0 0 0
Trade Bill(s) Purchased 0 0 0 0 0 0 0 0 0 0
Change in Borrowing 0 0 0 0 0 0 0 0 0 0
Change in Deposits 0 0 0 0 0 0 0 0 0 0
Others 0 0 0 0 0 0 0 0 0 0
Total (OP before Working Capital Changes) -3107.12 -1307.45 -3218.76 4687.52 2026.51 -1761.35 -620.51 203.49 -2078.88 63.86
Cash Generated from/(used in) Operations 19913.49 18773.64 11243.91 17802.44 12084.74 6783.14 7582.58 4883.09 1687.12 2806.42
Interest Paid(Net) 0 0 0 0 0 0 0 0 0 -1034.69
Direct Taxes Paid -2484.73 -1905.01 -941.45 -511 -305 -144.56 -105.87 -132 -56.5 0
Advance Tax Paid 0 0 0 0 0 0 0 0 0 -25
Others -2.02 1.92 -0.88 -2.86 -2.18 3.73 -7.07 -3.01 -0.07 -0.65
Total-others -2486.75 -1903.09 -942.33 -513.86 -307.18 -140.83 -112.94 -135.01 -56.57 -1060.34
Cash Flow before Extraordinary Items 17426.74 16870.55 10301.58 17288.58 11777.56 6642.31 7469.64 4748.08 1630.55 1746.08
Extraordinary Items
Excess Depreciation W/b 0 0 0 0 0 0 0 0 0 0
Premium on Lease of land 0 0 0 0 0 0 0 0 0 0
Payment Towards VRS 0 0 0 0 0 0 0 0 0 0
Prior Year 's Taxation 0 0 0 0 0 0 0 0 0 0
Gain on Forex Exch. Tran 0 0 0 0 0 0 0 0 0 0
Others 0 0 0 0 0 0 53.36 0 0 0
Net Cash Used in Investing Activities -23955.08 -17487.44 -12130.88 -8162.34 -10563.07 -6575.53 -3928.34 -2423.89 -5000.06 -1722.76
Cash Flow from Investing Activities
Investment in Assets :
Purchased of Fixed Assets -19111.22 -8254.07 -9427.31 -5244.01 -4319.08 -3704.25 -1681.53 -906.18 -2111.89 -1822.28
Sale of Fixed Assets 14.61 29.69 16.95 1597.73 8.84 27.2 62.59 15.1 21.61 14.83
capital WIP 0 0 0 0 0 0 0 0 0 0
Capital Subsidy Recd 0 0 0 0 0 0 0 0 0 0
Financial/Capital Investment :
Purchase of Investments -70090.07 -45631.77 -45745 -40849.25 -37255.52 -29186.07 -14830.11 -4292.52 -2998.41 -3722.7
Sale of Investments 69116.24 35539.69 42624.53 37813.43 30108.51 26321.53 15826.55 1521.8 2464.83 2053.61
Investment Income 0 0 0 0 0 0 0 0 0 0
Interest Received 592.99 228.31 493.47 282.77 564.35 409.49 239.19 159.44 572.11 554.78
Dividend Received 18.37 107.81 22.44 20.4 25.84 112.44 23.78 20.11 20.75 20.69
Invest.In Subsidiaires 0 0 0 0 0 0 0 0 0 0
Loans to Subsidiaires 0 0 0 0 0 0 0 0 0 0
Investment in Group Cos 0 0 0 0 0 0 0 0 0 0
Issue of Sh. on Acqu. of Cos 0 0 0 0 0 0 0 0 0 0
Canc. of Invest. in Cos Acq. 0 0 0 0 0 0 0 0 0 0
Acquisition of Companies 0 0 0 0 0 0 0 0 0 0
Inter Corporate Deposits 0 0 0 0 0 0 0 0 0 0
Others -4496 492.9 -115.96 -1783.41 303.99 -555.87 -3568.81 1058.36 -2969.06 1178.31
Net Cash Used in Financing Activities 8973.04 306.08 366.67 -5741.69 -1137.46 -1680.28 -1977.22 -3305.11 -446.54 2740.77
Cash Flow From Financing Activities
Proceeds:
Proceeds from Issue of shares (incl share premium) 0.04 261.1 0.49 0.07 0.27 401.74 2.11 0.67 1129.83 74.01
Proceed from Issue of Debentures 0 0 0 0 0 0 0 0 0 0
Proceed from 0ther Long Term Borrowings 10769.61 3617.36 6090.12 7149.7 1835 7733.08 15717.89 8117.61 2645.19 2875.76
Proceed from Bank Borrowings 0 0 0 0 0 0 0 0 0 0
Proceed from Short Tem Borrowings 528.25 2742.69 1909.14 0 3945.21 579.31 0 0 631.19 246.86
Proceed from Deposits 0 0 0 0 0 0 0 0 0 0
Share Application Money 0 0 0 0 0 0 0 0 0 0
Cash/Capital Investment Subsidy 0 0 0 0 0 0 0 0 0 0
Loans from a Corporate Body 0 0 0 0 0 0 0 0 0 0
Payments:
Share Application Money Refund 0 0 0 0 0 0 0 0 0 0
On Redemption of Debenture 0 0 0 0 0 0 0 0 0 0
Of the Long Tem Borrowings -2100.86 -1215.19 -4879.46 -7731.66 -4713.11 -7625.55 -14210.94 -9689.35 -2372.83 -777.25
Of the short term Borrowings 0 0 0 -2282.52 0 0 -1061.91 -368.98 0 0
Of financial Liabilities 0 0 0 0 0 0 0 0 0 0
Dividend Paid 0 -3378.58 -1185.26 -826.79 -783.84 -672.43 -685.35 -425.33 -418.93 -385.69
Shelter Assistance Reserve 0 0 0 0 0 0 0 0 0 0
Interest Paid -1906.4 -1721.3 -1568.36 -1900.88 -1420.99 -1696.43 -1739.02 -1193.67 0 0
Others 1682.4 0 0 -149.61 0 -400 0 253.94 -2060.99 707.08
Net Cash Used in Financing Activities 8973.04 306.08 366.67 -5741.69 -1137.46 -1680.28 -1977.22 -3305.11 -446.54 2740.77
Net Inc/(Dec) in Cash and Cash Equivalent 2444.7 -310.81 -1462.63 3384.55 77.03 -1613.5 1617.44 -980.92 -3816.05 2764.09
Cash and Cash Equivalents at End of the year 4280.05 1835.35 2146.16 3608.79 224.24 147.21 1760.71 100.63 1081.55 4897.6
Reliance Industries
200803 200703 200603 200503 200403 200303 200203 200103 200003 199903
Key Ratios
Debt-Equity Ratio 0.45 0.47 0.49 0.57 0.69 0.73 0.78 0.93 1.07 1.01
Long Term Debt-Equity Ratio 0.34 0.34 0.38 0.45 0.58 0.7 0.76 0.89 1.02 0.99
Current Ratio 0.98 0.9 1.03 1.1 1.25 1.67 1.8 1.73 1.64 1.41
Turnover Ratios
Fixed Assets 1.39 1.34 1.34 1.42 1.14 1.09 1.36 1.04 0.85 0.69
Inventory 10.56 10.64 10.17 9.99 7.63 8.03 12.48 11.17 9.81 7.72
Debtors 27.97 29.98 22.03 20.56 18.18 17.51 23.55 23.3 24.39 19.32
Interest Cover Ratio 17.86 13.21 13.2 7.17 5.39 4.2 3.43 3.29 3.44 3.38
Profitability Ratio
PBIDTM (%) 17.29 17.34 16.81 19.49 19.53 18.7 19.98 24.16 29.95 31.23
PBITM (%) 13.81 13.27 12.99 14.4 13.75 13.03 13.77 17.36 21.89 23.18
PBDTM (%) 16.52 16.34 15.83 17.48 16.98 15.59 15.96 18.87 23.59 24.37
CPM (%) 14.5 14.16 13.99 15.44 14.95 13.86 13.34 18.29 23.23 24.08
APATM (%) 11.02 10.09 10.18 10.35 9.17 8.19 7.14 11.49 15.17 16.04
Return on Capital Ratio
ROCE (%) 18.66 20.12 18.76 19.31 15.47 14.29 18.91 17.82 16.13 13.05
RONW (%) 21.64 22.45 21.9 21.82 17.39 15.58 17.63 23.05 23.37 18.3
Balance Sheet(2008-1999) - Reliance Industries
*All numbers are in INR and in x10M
200803 200703 200603 200503 200403 200303 200203 200103 200003 199903
SOURCES OF FUNDS :
Share Capital 1453.39 1453.35 1393.17 1393.09 1395.95 1395.92 1395.85 1053.49 1346.4 1186.34
Reserves Total 78312.81 62513.78 48411.09 39010.23 33056.5 28978.49 26479.41 13711.88 12636.35 11183
Equity Share Warrants 1682.4 0 0 0 0 0 0 0 0 0
Equity Application Money 0 0 0 0 0 0 0 0 0 0
Total Shareholders Funds 81448.6 63967.13 49804.26 40403.32 34452.45 30374.41 27875.26 14765.37 13982.75 12369.34
Secured Loans 6600.17 9569.12 7664.9 7972.9 11451.14 11776.86 14188.89 4068.4 5988.11 5477.64
Unsecured Loans 29879.51 18256.61 14200.71 10811.69 9493.52 7981.45 4739.59 6067.39 5532.13 5207.65
Total Debt 36479.68 27825.73 21865.61 18784.59 20944.66 19758.31 18928.48 10135.79 11520.24 10685.29

Total Liabilities 117928.3 91792.86 71669.87 59187.91 55397.11 50132.72 46803.74 24901.16 25502.99 23054.63

APPLICATION OF FUNDS :
Gross Block 104229.1 99532.77 84970.13 55125.82 53502.91 50552.99 46727.32 25355.99 24330.95 18650.33
Less : Accumulated Depreciation 42345.47 35872.31 29253.38 24872.83 21713.74 18461.16 15076.92 11841.53 9214.06 6691.93
Less:Impairment of Assets 0 0 0 0 0 0 0 0 0 0
Net Block 61883.63 63660.46 55716.75 30252.99 31789.17 32091.83 31650.4 13514.46 15116.89 11958.4
Lease Adjustment 0 0 0 0 0 0 0 0 0 0
Capital Work in Progress 23005.84 7528.13 6957.79 4829.29 3356.81 1994.44 1533.31 512.38 331.42 3437.83
Investments 22063.6 16251.34 5846.18 17051.46 13971.4 6722.72 3850.16 6726.11 6066.56 4294.59
Current Assets, Loans & Advances
Inventories 14247.54 12136.51 10119.82 7412.88 7231.22 7510.41 4974.07 2299.85 1823.2 1408.61
Sundry Debtors 6227.58 3732.42 4163.62 3927.81 3189.93 2998.11 2722.46 1134.17 842.46 457.1
Cash and Bank 4280.05 1835.35 2146.16 3608.79 224.24 147.21 1760.71 100.63 1081.55 4897.6
Loans and Advances 18130.67 12209.07 8144.85 13503.03 12064.38 11701.39 9993.42 5587.86 4106.74 1701.87
Total Current Assets 42885.84 29913.35 24574.45 28452.51 22709.77 22357.12 19450.66 9122.51 7853.95 8465.18
Less : Current Liabilities and Provisions
Current Liabilities 21045.47 16865.53 12563.5 13659.72 10284.47 9490.89 6472.29 4110.8 3215.38 4557
Provisions 2992.62 1712.87 3890.98 3471.8 2670.75 904.83 1210.54 863.5 650.45 544.37
Total Current Liabilities 24038.09 18578.4 16454.48 17131.52 12955.22 10395.72 7682.83 4974.3 3865.83 5101.37
Net Current Assets 18847.75 11334.95 8119.97 11320.99 9754.55 11961.4 11767.83 4148.21 3988.12 3363.81
Miscellaneous Expenses not written off 0 0 0 0 0 47.15 62.86 0 0 0
Deferred Tax Assets 310.53 297.64 121.7 366.64 336.59 271.12 228.88 0 0 0
Deferred Tax Liability 8183.07 7279.66 5092.52 4633.46 3811.41 2955.94 2289.7 0 0 0
Net Deferred Tax -7872.54 -6982.02 -4970.82 -4266.82 -3474.82 -2684.82 -2060.82 0 0 0

Total Assets 117928.3 91792.86 71669.87 59187.91 55397.11 50132.72 46803.74 24901.16 25502.99 23054.63

Contingent Liabilities 24308.69 28356.9 18339.06 9153.89 8589.7 10668.96 7530.21 2473.88 1935.84 2755.68