Indian Oil Corporation Limited 3rd Integrated Annual Report 61st Annual Report 2019-20

About the Report

STANDALONE FINANCIAL STATEMENTS STANDALONE FINANCIAL STATEMENTS
BALANCE SHEET AS AT MARCH 31, 2020 BALANCE SHEET AS AT MARCH 31, 2020
(₹ in Crore) (₹ in Crore)
Particulars Note No. March 31, 2020 March 31, 2019 Particulars Note No. March 31, 2020 March 31, 2019

Chairman’s Desk
ASSETS LIABILITIES

From the
Non-current Assets Non-Current Liabilities

a) Property, Plant and Equipment 2 1,31,752.76 1,17,331.22 a) Financial Liabilities

b) Capital Work-in-Progress 2.1 28,134.10 22,160.52 i) Borrowings 16 49,250.64 34,666.36

c) Intangible Assets 3 1,929.04 1,376.61 ii) Other Financial Liabilities 17 789.58 616.03

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d) Intangible Assets Under Development 3.1 1,603.65 1,438.44 b) Provisions 18 919.05 883.66
e) Financial Assets c) Deferred Tax Liabilities (Net) 19 11,413.14 15,823.07
i) Investments 4 d) Other Non-Current Liabilities 20 2,042.48 1,598.09
Equity investment in Subsidiaries, Joint Ventures and Associates 17,578.24 17,956.51 64,414.89 53,587.21

Description of Capitals
Other Investments 13,473.93 23,465.37 Current Liabilities
ii) Loans 5 3,241.87 2,292.17 a) Financial Liabilities
iii) Other Financial Assets 6 285.12 205.66 i) Borrowings 21 63,486.08 48,593.55
f) Income Tax Assets (Net) 7 4,186.76 1,347.85 ii) Trade Payables 22
g) Other Non-Current Assets 8 2,863.07 3,903.38 A. Total outstanding dues of Micro and Small Enterprises 232.47 235.24

Board of Directors, etc.

2,05,048.54 1,91,477.73 B. Total outstanding dues of creditors other than Micro
25,019.11 37,147.35
and Small Enterprises
Current Assets
iii) Other Financial Liabilities 17 42,550.71 43,973.77
a) Inventories 9 63,677.62 71,470.38
b) Other Current Liabilities 20 12,050.96 12,080.50
b) Financial Assets
c) Provisions 18 9,567.47 10,137.89
i) Investments 4 8,086.39 8,518.09
1,52,906.80 1,52,168.30

Directors’ Report
ii) Trade Receivables 10 12,844.09 15,457.83
TOTAL EQUITY AND LIABILITIES 3,11,090.56 3,14,413.02
iii) Cash and Cash Equivalents 11 535.56 38.31
Significant Accounting Policies, Estimates & Judgements 1A & 1B
iv) Bank Balances other than above 12 53.58 49.34
Accompanying Notes to Financial Statements 2 - 48
v) Loans 5 1,069.67 1,364.74
vi) Other Financial Assets 6 15,629.76 21,337.08

Discussion & Analysis

Management’s
c) Current Tax Assets (Net) 7 66.28 486.60
For and on Behalf of Board of Directors
d) Other Current Assets 8 3,841.46 3,985.52
Sd/- Sd/- Sd/-
1,05,804.41 1,22,707.89 (Sanjiv Singh) (S.K. Gupta) (Kamal Kumar Gwalani)
Assets Held for Sale 13 237.61 227.40 Chairman Director (Finance) Company Secretary
DIN - 05280701 DIN - 07570165 ACS - 13737
1,06,042.02 1,22,935.29

Responsibility Report
TOTAL ASSETS 3,11,090.56 3,14,413.02 As per our attached Report of even date

Business
For G. S. MATHUR & CO. For K. C. MEHTA & CO. For SINGHI & CO. For V. SINGHI & ASSOCIATES
EQUITY AND LIABILITIES Chartered Accountants Chartered Accountants Chartered Accountants Chartered Accountants
EQUITY Firm Regn. No. 008744N Firm Regn. No. 106237W Firm Regn. No. 302049E Firm Regn. No. 311017E

Corporate Governance
a) Equity Share Capital 14 9,181.04 9,181.04
Sd/- Sd/- Sd/- Sd/-
b) Other Equity 15 84,587.83 99,476.47 (Rajiv Kumar Wadhawan) (Vishal P. Doshi)

Report on
(Shrenik Mehta) (Aniruddha Sengupta)
93,768.87 1,08,657.51 Partner Partner Partner Partner
M. No. 091007 M. No. 101533 M. No. 063769 M. No. 051371

Place: New Delhi

Financial Statements
Dated: 24 June 2020

Standalone
162 Financial Statements Financial Statements 163