RELIANCE INDUSTRIES L TD.

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH 2012

PARTICULARS
INCOME Revenue from operations (gross) Less: Excise Duty Revenue from operations (Net) Other Income Total Revenue EXPENSES Cost of material consumed Add : purchase of stock in trade (Increase)/Decrease in inventories of finished goods and WIP Employee benefit expense Depreciation and Amortisation expenses Finance costs

NOTE 31/03/2012

3,39,792 9,888 329904

6192 336096

274814 1441 (872) 3 4 5 2862 11394 2667 21523 313829

Other Expenses Total Expenses

Profit before tax Current tax

Profit for the year

22267 5150 17117

BALANCE SHEET AS AT 31st MARCH 2012

NOTE NO.

31/03/2012

EQUITY AND LIABILITIES

Shareholders funds Share capital Reserves & Surplus Non current liability Long term borrowings Deferred tax liabilities Current liabilities Short term borrowings Trade paybles Other current liabilities Short term provisions 9 10593 40324 13713 4258 8 48034 12122 6 7 3271 166114

TOTAL

295158

ASSETS
Non-current assets Fixed assets Tangible assets Intangible assets Capital WIP Intangible assets under development 88001 25722 3695 4059

NOTES TO PROFIT AND LOSS ACCOUNT

1)INCOME FROM OPERATIONS PARTICULARS Sale of products Income from services Revenue from operations 31/03/2012 339721 71 339792

2) OTHER INCOME PARTICULARS Income from interest Dividend income Sale of inv estments 31/03/2012 4414 143 1635 6192

3) EMPLOYEE BENEFIT EXPENSE PARTICULARS Salaries and wages Contribution to PF and other funds Staff welfare expenses 31/03/2012 2433 215 214 2862

4) FINANCE COSTS PARTICULARS Interest Expenses Other borrowing costs Applicable loss on foreign currency transactions and translation 31/03/2012 1966 18 683 2667

5) OTHER EXPENSES PARTICULARS Manufacturing expenses Selling and distribution expenses Establishment expenses Other expenses 31/03/2012 10307 5393 2344 3479 21523

NOTES TO BALANCE SHEET

6) SHARE HOLDERS FUNDS Authorised share capital : 5000000000 equity shares of Rs. 10 each 1000000000 preference shares of Rs. 10 each 5000 1000 6000 Issued, subscribed and paid up share capital : 327,10,59,340 Equity Shares of ` 10 each fully 3271 3271

7)RESERVES AND SURPLUS Revaluation reserve Capital reserve Securities premium reserve Debentures redemption reserve General reserve Profit & loss account 3127 291 50677 1117 84000 22983

166114

8) LONG TERM BORROWINGS PARTICULARS Secured Non-convertible debentures Long term maturities of finance lease obligations Unsecured Bonds Term loans from banks Deferred payment liabilities 4564 37269 9 48034 SHORT TERM BORROWINGS Secured Working capital loans from banks Unsecured Loans and advances from banks 9836 757 6024 168 31/03/2012

10593

Non current investments Long term loans & advances Current assets Current investments Inventories Trade receivables Cash & bank balances Short term loans & advances Other current assets

26979 14340

27029 35955 18424 39598 11089 249

TOTAL

295140

DISCLOSURES :1). Out of the issued, subscribed and paid up equity share capital, LIC of India holds 23,19,67,257 shares amounting to 7.09% of the share capital. 2)non convertible debentures carry an interest rate of 10.75% and are due for redemption in three annual installment and they are secured by a first charge on various fixed assets and immovable properties of the company. 3) Bonds are unsecured and are due for payment in 2015-16 4) Finance lease obligations are secured against leased assets 5) Out of trade payables sum of Rs 55 crores is due to MSMEs 6) Term loans are unsecured and are due for payment in equal annual installments over next 6 years beginning 2012-13