HINDUSTAN PETROLEUM CORPORATION LIMITED

59
Statement of Prot and Loss for the year ending 31
st
March, 2012
C/ Crores
Notes 2011-12 2010-11
a. Gross Sale of Products 23A 188,130.95 142,396.49
Less : Excise Duty (9,991.72) (8,897.55)
b. Net SaIe of Products 178,139.23 133,498.94
c. Other Operating Revenue 23B 196.59 172.88
d. Other ncome 23C 1,025.59 1,170.66
TotaI Revenue (b+c+d) 179,361.41 134,842.48
Expenses:
Cost of materials consumed 56,943.23 40,362.01
Purchases of Stock-in-Trade 109,370.73 85,396.86
Packages consumed 181.67 143.42
Excise Duty on nventory differential (399.68) 285.15
Transhipping Expenses 3,254.50 2,886.50
Changes in inventories of fnished goods, work-in-progress and Stock-in-Trade 24 (824.29) (3,438.78)
Employee benefts expense 25 1,583.10 1,981.84
Exploration Expenses 96.38 93.03
Finance costs 26 2,139.24 892.06
Depreciation and amortization expense 1,712.93 1,406.95
Other expenses 27 4,083.87 2,480.47
TotaI expenses 178,141.68 132,489.51
Prot before exceptionaI and extraordinary items and tax 1,219.73 2,352.97
Prior Period Charges 28 0.49 15.24
Prot before extraordinary items and tax 1,219.24 2,337.73
Tax Expense:
(1) Current Tax 396.65 417.11
(2) MAT Credit - (91.51)
(3) Provision for Tax for Earlier year written off/provided for (95.78) 82.16
(4) Deferred Tax 6.94 390.96
Prot (Loss) for the period 911.43 1,539.01
Earnings per equity share: (Basic and Diluted) 26.92 45.45
(2011 - 12 : EPS = Net Proft C 911.43 crores / Weighted Avg. no of shares - 33.863 crores)
(2010 - 11 : EPS = Net Proft C 1,539.01 crores / Weighted Avg. no of shares - 33.863 crores)
Signicant Accounting PoIicies 1 & 2
Signicant Accounting PoIicies and Notes Forming Part of Accounts are an integraI part of the FinanciaI Satetments
FOR AND ON BEHALF OF THE BOARD
S ROY CHOUDHURY
Chairman & Managing Director
B MUKHERJEE For OM AGARWAL & CO. For B K KHARE & CO.
Director - Finance Chartered Accountants Chartered Accountants
Firm No. 000971C Firm No. 105102W
SHRKANT M. BHOSEKAR K C GUPTA DEVDATTA MANKAR
Company Secretary Partner Partner
Membership No. 072936 Membership No. 109795
Date : 29
th
May, 2012
Place : New Delhi