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

About the Report

NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS

Note - 32 : EARNINGS PER SHARE (EPS) Note - 33A : INTEREST IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
Basic and Diluted EPS amounts are calculated by dividing the profit/ (loss) for the year attributable to equity holders by the The list of Investments in Subsidiaries, Joint Ventures and Associates are as under-
weighted average number of Equity Shares outstanding during the year.

Chairman’s Desk
From the
Country of Incorporation/ Equity Interest
The following reflects the profit/ (loss) and number of shares used in the basic and diluted EPS computations: Name
Principal place of business March 31, 2020 March 31, 2019

Particulars 2019-2020 2018-2019 Subsidiaries

Profit/ (Loss) attributable to Equity holders (₹ in Crore) 1,313.23 16,894.15 Chennai Petroleum Corporation Limited India 51.89% 51.89%

About IndianOil
Weighted Average number of Equity Shares used for computing Earning Per Share (Basic) Indian Catalyst Private Limited # India 100.00% 100.00%
9181040466 9441179290
(Refer note-1 and 2) IndianOil (Mauritius) Ltd. Mauritius 100.00% 100.00%
Weighted Average number of Equity Shares used for computing Earning Per Share (Diluted) Lanka IOC PLC Sri Lanka 75.12% 75.12%
9181040466 9441179290
(Refer note-1 and 2)
IOC Middle East FZE UAE 100.00% 100.00%
Earnings Per Share (Basic) (₹) 1.43 17.89
IOC Sweden AB Sweden 100.00% 100.00%

Description of Capitals
Earnings Per Share (Diluted) (₹) 1.43 17.89
IOCL (USA) Inc. USA 100.00% 100.00%
Face value per share (₹) 10.00 10.00
IndOil Global B.V. Netherlands 100.00% 100.00%
Notes: IOCL Singapore Pte Ltd Singapore 100.00% 100.00%

1. 233118456 Equity Shares held under IOC Share Trust of face value ₹ 233.12 crore have been netted off from weighted Associates
average number of Equity Shares and EPS is worked out accordingly. Petronet LNG Limited India 12.50% 12.50%

Board of Directors, etc.

2. The Board of Directors of the Company, at its meeting held on December 13, 2018 had approved a proposal to buyback AVI-OIL India Private Limited India 25.00% 25.00%
upto 297651006 (Twenty Nine Crores Seventy Six Lakhs Fifty One Thousand and Six) Equity Shares of the Company. The Petronet India Limited (Under Liquidation) India 18.00% 18.00%
Company bought back 297651006 (Twenty Nine Crores Seventy Six Lakh Fifty One Thousand and Six) Equity Shares out
Petronet VK Limited India 50.00% 50.00%
of the shares that were tendered by eligible shareholders and the shares bought back were cancelled and extinguished
on February 14, 2019. Accordingly, earnings per share (EPS) (basic and diluted) for FY 2018-19 have been adjusted on Joint Ventures
account of buy back.
Indian Oiltanking Limited India 49.38% 49.38%

Directors’ Report
Lubrizol India Private Limited India 26.00% 26.00%
Indian Oil Petronas Private Limited India 50.00% 50.00%
Green Gas Limited India 49.97% 49.97%
IndianOil Skytanking Private Limited India 50.00% 50.00%

Discussion & Analysis

Suntera Nigeria 205 Limited Nigeria 25.00% 25.00%

Management’s
Delhi Aviation Fuel Facility (Private) Limited India 37.00% 37.00%
Indian Synthetic Rubber Private Limited India 50.00% 50.00%
NPCIL IndianOil Nuclear Energy Corporation Limited India 26.00% 26.00%
GSPL India Transco Limited India 26.00% 26.00%

Responsibility Report
GSPL India Gasnet Limited India 26.00% 26.00%

Business
IndianOil Adani Gas Private Limited India 50.00% 50.00%
Mumbai Aviation Fuel Farm Facility Private Limited India 25.00% 25.00%
Kochi Salem Pipelines Private Limited India 50.00% 50.00%
IndianOil LNG Private Limited India 50.00% 50.00%

Corporate Governance
IndianOil Panipat Power Consortium Ltd.@ India 50.00% 50.00%

Report on
Petronet CI LTD (Under Liquidation) India 26.00% 26.00%
IndianOil Ruchi Bio Fuels LLP ## India 50.00% 50.00%
Hindustan Urvarak and Rasayan Ltd. India 29.67% 29.67%
Ratnagiri Refinery & Petrochemicals Limited India 50.00% 50.00%

Financial Statements
Standalone
230 Financial Statements Financial Statements 231