CONSOLIDATED

Balance Sheet Reliance Industries Limited

Integrated Annual Report 2019-20 Statement of Profit and Loss Corporate
Overview
Management
Review
Governance Financial
Statements
Notice

As at 31st March, 2020 For the year ended 31st March, 2020

(` in crore) (` in crore)
As at As at Notes 2019-20 2018-19
Notes
31st March, 2020 31st March, 2019 INCOME
ASSETS Value of Sales 5,91,778 5,85,540
NON-CURRENT ASSETS Income from Services 67,427 39,672
Property, Plant and Equipment 1 4,35,920 3,02,115 Value of Sales & Services (Revenue) 6,59,205 6,25,212
Capital Work-in-Progress 1 59,096 1,50,178 Less: GST Recovered 47,560 42,118
Goodwill 10,259 11,997 REVENUE FROM OPERATIONS 23 6,11,645 5,83,094
Other Intangible Assets 1 86,479 84,262 Other Income 24 13,956 8,386
Intangible Assets Under Development 1 50,010 29,285 Total Income 6,25,601 5,91,480
Financial Assets EXPENSES
Investments 2 2,03,852 1,64,612 Cost of Materials Consumed 2,60,621 2,75,237
Loans 3 21,732 5,452 Purchase of Stock-in-Trade 1,49,667 1,23,930
Deferred Tax Assets (Net) 4 2,900 4,776 Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 25 (5,048) (4,680)
Other Non-Current Assets 5 37,407 17,676 Excise Duty 14,902 13,885
Total Non-Current Assets 9,07,655 7,70,353 Employee Benefits Expense 26 14,075 12,488
CURRENT ASSETS Finance Costs 27 22,027 16,495
Inventories 6 73,903 67,561 Depreciation / Amortisation and Depletion Expense 1 22,203 20,934
Other Expenses 28 89,211 78,067
Financial Assets
Total Expenses 5,67,658 5,36,356
Investments 7 72,915 71,023
PROFIT BEFORE SHARE OF PROFIT / (LOSS) OF ASSOCIATES AND JOINT
Trade Receivables 8 19,656 30,089 57,943 55,124
Cash and Cash Equivalents 9 30,920 11,081 VENTURES, EXCEPTIONAL ITEM AND TAX
Loans 669 545 Share of Profit / (Loss) of Associates and Joint Ventures 107 103
Other Financial Assets 10 27,434 10,283 PROFIT BEFORE EXCEPTIONAL ITEM AND TAX 58,050 55,227
Other Current Assets 11 32,763 36,804 Exceptional Item (Net of Tax) 28.2 (4,444) -
Total Current Assets 2,58,260 2,27,386 PROFIT BEFORE TAX * 53,606 55,227
Assets Held for Sale 39 - 4,667 TAX EXPENSES *
Current Tax 12 8,630 11,683
Total Assets 11,65,915 10,02,406
Deferred Tax 12 5,096 3,707
PROFIT FOR THE YEAR 39,880 39,837
EQUITY AND LIABILITIES OTHER COMPREHENSIVE INCOME:
EQUITY i. Items that will not be reclassified to Profit or Loss 24.1 22,286 77,470
Equity Share Capital 13 6,339 5,926 ii Income Tax relating to items that will not be reclassified to Profit or Loss (1,088) (16,705)
Other Equity 14 4,46,992 3,81,186 iii. Items that will be reclassified to Profit or Loss 24.2 (7,085) (2,177)
Non-Controlling Interest 8,016 8,280 iv. Income Tax relating to items that will be reclassified to Profit or Loss 1,180 177
LIABILITIES Total Other Comprehensive Income for the Year [Net of Tax] 15,293 58,765
Non-Current Liabilities Total Comprehensive Income for the Year 55,173 98,602
Financial Liabilities NET PROFIT ATTRIBUTABLE TO:
Borrowings 15 1,97,631 2,07,506 a) Owners of the Company 39,354 39,588
Other Financial Liabilities 16 18,804 10,020 b) Non-Controlling Interest 526 249
Deferred Payment Liabilities 17 18,839 18,839 OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Provisions 18 1,790 2,856 a) Owners of the Company 15,311 58,773
Deferred Tax Liabilities (Net) 4 54,123 49,923 b) Non-Controlling Interest (18) (8)
Other Non-Current Liabilities 465 548 TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Total Non-Current Liabilities 2,91,652 2,89,692 a) Owners of the Company 54,665 98,361
Current Liabilities b) Non-Controlling Interest 508 241
Financial Liabilities EARNINGS PER EQUITY SHARE OF FACE VALUE OF ` 10 EACH
Borrowings 19 93,786 64,436 Basic (in `) – Before Exceptional Item 29 70.66 66.82
Trade Payables 96,799 1,08,309 Basic (in `) – After Exceptional Item 29 63.49 66.82
Other Financial Liabilities 20 1,44,778 87,051 Diluted (in `) – Before Exceptional Item 29 70.66 66.80
Other Current Liabilities 21 75,663 52,901 Diluted (in `) – After Exceptional Item 29 63.49 66.80
Provisions 22 1,890 1,326 Significant Accounting Policies
Total Current Liabilities 4,12,916 3,14,023 See accompanying Notes to the Financial Statements 1 to 42
Liabilities directly associated with Assets Held for Sale 39 - 3,299
Total Liabilities 7,04,568 6,07,014 * Profit before tax is after Exceptional Item and tax thereon and Tax Expenses are excluding the Current Tax on Exceptional Item.
Total Equity and Liabilities 11,65,915 10,02,406
Significant Accounting Policies
See accompanying Notes to the Financial Statements 1 to 42 As per our Report of even date For and on behalf of the Board

As per our Report of even date
For D T S & Associates LLP
Chartered Accountants
(Registration No.142412W/ W100595)
T P Ostwal
Partner
Membership No. 030848
Alok Agarwal
Chief Financial Officer
Mumbai
Date: April 30, 2020
For S R B C & CO LLP
Chartered Accountants
(Registration No.324982E/E300003)
Vikas Kumar Pansari
Partner
Membership No. 093649
Srikanth Venkatachari
Joint Chief Financial Officer
For and on behalf of the Board For D T S & Associates LLP For S R B C & CO LLP M.D. Ambani Chairman and Managing Director
Chartered Accountants Chartered Accountants
M.D. Ambani Chairman and Managing Director (Registration No.142412W/ W100595) (Registration No.324982E/E300003) N.R. Meswani
H.R. Meswani
Executive Directors
N.R. Meswani P.M.S. Prasad
H.R. Meswani P.K. Kapil
Executive Directors
P.M.S. Prasad T P Ostwal Vikas Kumar Pansari K. Sethuraman
P.K. Kapil Partner Partner Company Secretary Nita M. Ambani
K. Sethuraman Membership No. 030848 Membership No. 093649 Y.P. Trivedi
Company Secretary Nita M. Ambani Prof. Dipak C. Jain
Y.P. Trivedi Dr. R.A. Mashelkar
Alok Agarwal Srikanth Venkatachari Savithri Parekh Non-Executive Directors
Prof. Dipak C. Jain Adil Zainulbhai
Dr. R.A. Mashelkar Chief Financial Officer Joint Chief Financial Officer Joint Company Secretary Raminder Singh Gujral
Savithri Parekh Non-Executive Directors Dr. Shumeet Banerji
Adil Zainulbhai
Joint Company Secretary Raminder Singh Gujral Mumbai Arundhati Bhattacharya
Dr. Shumeet Banerji Date: April 30, 2020 K.V. Chowdary
Arundhati Bhattacharya
K.V. Chowdary

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