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 - 22 : TRADE PAYABLES Note - 24 : OTHER INCOME
(₹ in Crore) (₹ in Crore)
Particulars March 31, 2020 March 31, 2019 Particulars 2019-2020 2018-2019

Chairman’s Desk
Dues to Micro and Small Enterprises 233.03 236.82 Interest on: A

From the
Dues to Related Parties 777.62 1,276.93 Financial items:
Dues to Others 26,592.89 39,680.37 Deposits with Banks 75.83 44.47
TOTAL 27,603.54 41,194.12 Customers Outstandings 348.56 433.26
Oil Companies GOI SPL Bonds/ Other Investments 825.50 907.41

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Note - 23 : REVENUE FROM OPERATIONS Other Financial Items 643.11 261.79
(₹ in Crore)
Total interest on Financial items 1,893.00 1,646.93
Particulars 2019-2020 2018-2019
Non-Financial items 119.86 99.34
Sales (Net of Discounts) 5,70,001.67 6,07,524.57
2,012.86 1,746.27
Sale of Services 135.53 115.86

Description of Capitals
Dividend B 709.96 863.30
Other Operating Revenues (Note “23.1”) 4,893.68 5,040.14
Fair value Gain on Investments/ Provision Written Back (Net) - 1.60
5,75,030.88 6,12,680.57
Gain on Derivatives - 0.32
Net Claim/(Surrender) of SSC 100.20 310.66
Fair value Gain on Financial instruments classified as FVTPL - 13.87
Subsidy From Central/State Governments 161.68 150.00
Other Non Operating Income 67.47 88.92
Grant from Government of India 1,296.17 4,110.18

Board of Directors, etc.

TOTAL 2,790.29 2,714.28
TOTAL 5,76,588.93 6,17,251.41
A 1. Includes Tax Deducted at Source 8.43 24.62
Particulars relating to Revenue Grants are given in Note - 43.
A 2. Includes interest received under section 244A of the Income Tax Act. 45.75 90.14

Note - 23.1 : OTHER OPERATING REVENUES A 3. Include interest on:

(₹ in Crore) Current Investments 516.93 657.36
Particulars 2019-2020 2018-2019 Non-Current Investments 308.57 250.05

Directors’ Report
Sale of Power and Water 338.15 430.66 A 4. Total interest income (calculated using the effective interest method) for financial
assets:
Revenue from Construction Contracts 8.11 6.50
In relation to Financial assets classified at amortised cost 1,067.50 739.52
Unclaimed / Unspent liabilities written back 158.90 317.27
In relation to Financial assets classified at FVOCI 825.50 907.41
Provision for Doubtful Debts, Advances, Claims, and Stores written back 633.63 58.93

Discussion & Analysis

B Dividend Income consists of Dividend on:
Provision for Contingencies written back 1,353.49 1,492.97

Management’s
Current Investments 5.65 17.44
Recoveries from Employees 16.53 13.37
Non-Current Investments 704.31 845.86
Retail Outlet License Fees 1,117.06 1,187.82
Income from Non Fuel Business 173.23 247.39
Note - 25 : COST OF MATERIAL CONSUMED
Commission and Discount Received 1.25 2.95
(₹ in Crore)

Responsibility Report
Sale of Scrap 225.27 246.16 Particulars 2019-2020 2018-2019

Business
Income from Finance Leases 5.03 2.48 Opening Stock 30,528.08 28,342.80
Amortization of Capital Grants 134.77 99.99 Add: Purchases 2,76,368.21 3,08,657.50
Revenue Grants 46.76 224.31 3,06,896.29 3,37,000.30
Commodity Hedging Gain (Net) - 27.58

Corporate Governance
Less: Closing Stock 20,099.02 30,528.08
Terminalling Charges 56.84 83.11 Less: Transfer to Exceptional Items 5,717.14 -

Report on
Other Miscellaneous Income 624.66 598.65 TOTAL 2,81,080.13 3,06,472.22
TOTAL 4,893.68 5,040.14
Particulars relating to Revenue Grants adjusted in purchases are given in Note - 43.

Financial Statements
Consolidated
352 Financial Statements Financial Statements 353