Balance Sheet

As at 31t March, 2022

in crore)
As at
Notes As at
31st March 2022 31st March 2021

Assets
Non-Current Assets
Property, Plant and Equipment 2,23,824 2,92,092
Capital Work-in-Progress 19,267 20,765
Intangible Assets 15,802 ,741
Intangible Assets Under Development 15,395 12,070
Financial Assets
Investments 3,30,493 2,52,620
Loans 41,951 64,073
Other Financial Assets 2,247 1,625
Other Non-Current Assets 7,297 4,968
Total Non-Current Assets 6,56,276 6,62,954
Current Assets
Inventories 45,923 437
Financial Assets
Investments 78,304 94,665
Trade Receivables 14,394 4,159
Cash and Cash Equivalents 21,714 5,573
Loans 161 993
Other Financial Assets 54,901 59,560
Other Current Assets 7,001 8,332
Total Current Assets 2,22,398 2,10,719
Total Assets 8,78,674 8,73,673
Equity and Liabilities
Equity 445
Equity Share capital 6,765
Other Equity 5 4,64,762 4,68,038
Total Equity 4,74,483
4,71,527
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowin9s b 1,67,231 1,60,598
Lease Liabilities 2,790 2,869
Other Financial Liabilities 3,210 1,145
Provisions 8 1,598 1,499
Deferred Tax Liabilities (Net) 30,832 30,788
Other Non-Current Liabilities 504 504
Total Non-Current Liabilities 2,06,165 1,97,40
Current Liabilities
Financial Liabilities
Borrowings 21 27,332 61,100
Lease Liabilities
Trade Payables 22
Due to:
Micro and small Enterprises 138 90
Other than Micro and Small Enterprises 1,33,867 86,909
Other Financial Liabilities 33,225 33,108
Other Curent Liabilities 24 5,438 19,563
Provisions 896 901
Total Current Liabilities 2,00,982 2,01,7
Total Liabilities 4,07,147 3,99,190
Total Equity and Liabilities 8,78,674 8,73,673
Significant Accounting Policies I to 47
See acconmpanying Notes to the Financial Statements
As per our Report of even date FOr and on behait of the Board

For DTS&Associates LLP
Chartered Accountants
(Registration No.
142412W/ WIO0595)
For SRBC& COUP Alok Agarwal M.D. Ambani Chairman and
chartered Accountants Chiet Financial officer Managing Director
(Registration No
N.R. Meswani
324982E/E300003) Srikanth Venkatachari H.R. Meswani
Executive Directors
Joint chiet Financial officer P.M.S. Prasad
P.K. Kapil

TPOstwal Vikas Kumar Pansari Savithri Parekh Nita M. Ambani

Partner Partner Company Secretary Prof. DipakC. Jain
Dr. R.A. Mashelkar
Membership No. 030848 Membership No. 093649 Non-Executive
Adil Zainulbhai Directors
Date: May 06, 2022
Raminder Singh Gujral
Dr. shumeetsdner
Arundhati Bhattacharya
His Excellency Yasir OthmanH. Al Rumayyan
K.V. Chowdary
308 Reliance Industries Limited
Statement of Profit and Loss
For the year ended 3" March, 2022

(t in crore)
Notes 2021-22 2020-21

Income
Value of Sales 4,63,067 2,76,181
Income from Services 358 2,759

Value of Sales & Services (Revenue) 4,66,425 2,78,940

Less: GST Recovered 21,050 13,871

Revenue from operations 26 4,45,375 2,65,069

Other Income 13,872 14,818
Total Income 4,59,247 2,79,887
Expenses
Cost of Material Consumed 3,20,852 1,68,262
Purchase of Stock-in-Trade 10,691 7,301
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 28 (7,962) 610
Excise Duty 21,672 19,402
Employee Benefits Expense 29 5,426 5,024
Finance Costs 30 9,123 16,211
Depreciation / Amortisation and Depletion Expense 276 9,199
Other Expenses 42,383 30,970
Total Expenses 4,12,461 2,56,979
Profit Before Exceptional ltem and Tax 46,786 22,908
Exceptional Item (Net of Tax) 4,304
Profit Before Tax 46,7
,786 27,212
Tax Expenses
Current Tax 787
Deferred Tax 6,915 (4,732)
Profit for the Year 39,084 31,944
Other Comprehensive Income
i.Items that will not be reclassified to Profit or Loss 27.1 241 350
l. Income tax relating to items that will not be reclassified to Profit or Loss (58) (79)
ii. tems that will be reclassified to Profit or Loss 27.2 (2,705) 2,755
iv. Income tax relating to items that will be reclassified to Profit or Loss 543
(456)
Total Other Comprehensive Income/ (Loss) for the Year (Not of Tax) (1,979) 2,570
Total Comprehensive Income for the Year 37,105 34,514
Earnings per Equity Share of Face Value of ? 10 Each
Basic (in ) - After Exceptional Item 59.24 49.66
Basic(in ) - Before Exceptional item 59.24 42.97
Diluted (in ) -After Exceptional item 33 8.49 48.90

Diluted (in ) -Before Exceptional Item 33 58.49 42.31

Significant Accounting Policies
1 to 47
See accompanying Notes to the Financial Statements
*
Profit before tax is after Exceptional Item and tax thereon. Tax expenses are excluding the Current Tax and Deferred Tax on Exceptional
Item.
As per our Report of even date For and on behaif of the Board

For DTS&Associates LLP For SRBc&coLP Alok Agarwal M.D. Ambani Chairman and
Chartered Accountants Chartered Accountants Chief Financial Officer Managing Director
(Registration No. (Registration No N.R. Meswani
142412W/ Wio0595) 324982E/E300003)
Srikanth Venkatachari H.R. Meswani
xecutive Directors
Joint Chief Financial Officer P.M.S. Prasad
K. Kapil

TPOstwa Vikas Kumar Pansari Savithri Parekh Nita DipakC.

Parther
Membership No. 030848
Date: May 06, 2022
prod M. AmbanJain
rtner Company Secretary Dr.R.A. Mashelkar
Membership No. 093649 Non-Executive
Adil Zainulbhai
Directors
Raminder Singh Gujral
Dr.Shumeet Banerji
Arundhati Bhattacharya
His Excellency Yasir othman H.Al Rumayyan
K.V. Chowdary

Intograted Annual Report 2021-22 309

Statement of Changes in Equity
For the year ended 31" March, 2022

A. Equity Share Capital

incrore
Balance as at change during the Balance as at
1st April, 2020 y e a r 2020-21 Sist March, 2021
Change during
the year 2021-22
Balance as at
31st March, 2022

6,339 106 6,445 320 ,765

B. Other Equity

(incrore)
n c e
otal Transte Transtfer Balance
at Ist to (tolfrom E m p l o y

1s at 31st
April, Incomefor the Dividends from General Rightsmp others March,
2021 Year etained Reserve Issue options 2022
Earnings
As at 31" March, 2022
Share Call Money Account 39,843 (39,843)
ReservesandSurplus
Capital Reserve 403 403

Securities Premium 59,442 39,447 841 99,730

Debenture
Redemption Reserve
5,965 (1,795) 4,170

Share Based
Payments Reserve
419 (386) 3

General Reserve 2,58,4 (34,348) 2,24,062

Retained Earnings 41,893 39,0844,297) (4,135) 72,545
Special Economic Zone
Reinvestment Reserve
4,975 4,135 9,110
Other Comprehensive Income 56,688 (1,979) 4 ,709
Total 4,68,038 37,105 (4,297) (36,143)(396) 455 4,64,762
Refer Note 14.9
Includes transfer of R 36,143 crore to statement of profit and loss (Refer Note 32(a) & 43.1).
Considers Special Economic Zone Reinvestment Reserve created during the year of R 5,040 crore.

310 Reliance Industries Limited

 Corporate Management Governance Financial
Overview Review statements

ndelons

(incrore)
Total Transfer Balance
Balanc nsfer
to) at 3lst
aa
2020 t
Dividendspetoined om Employee others as

March,
eneral ssue options
ear Earnings eserve 2021

As at 31 March, 2021
Share Application Money (0
Pending Allotment
Share Call Money Account 39,843 39,843
Reserves and Surplus
Capital Reserve 403 403
Securities Premium 46,329 13,104 59,442
Debenture Redemption Reserve 9,375 (3,410) 5,965
Share Based Payments Reserve 4 415 19

General Reserve 2,55,000 3,410 2,58,410

Retained Earnings 14,146 31,944 (3,921) (32,692)" 32,416 41,893
Special Economic Zone
Reinvestment Reserve 5,500 525) 4,975
other Comprehensive Income
54,118 2,570 56,688
Total 3,84,876 34,514 (3,921) (33,217) 52,947 423 32,416 4,68,038
Refer Note 14.9
Refer Note 32 (0)
Net of Special Economic Zone Reinvestment Reserve created during the year of t 3,303 crore.

As per our Report of even date For and on behalf of the Board

For DTS & Associates LUP For

SRBc&coUP Alok Agarwal M.D. Ambani Chairman and
Chartered Accountants Chartered Accountants Chiet Financial Officer Managing Direc irector
(Registration No. (Registration No.
N.R. Meswani
142412W/ wo0595) 324982E/E300003)
Srikanth Venkatachar H.R. MesWan
Executive Directors
Joint Chief Financial officer PM.S.Prasad
P.K.Kapil

TPOstwal Vikas Kumar Pansari Savithri Parekh Nita M. Ambani

Prof. Dipak C. Jain
Partner Partner Company Secretary
Membership No. 030848 Membership No. 093649 Dr.R.A. Mashelkar Non-Executive
Adil zain C Directors
Date: May 06, 2022 Dr. Shumeer
Arundhati Bhattacharya
His Excellency Yasir Othman H.AIRumayyan
K.V. Chowdary

Integrated Annual Report 2021-22 311

Statement of Cash Flow
For the year ended 31 March, 2022

( in crore)
2021-22 2020-21

A. Cash Flow from operating Activities

Net Profit Before
Tax as per Statement of Profit and Loss (After Exceptional item
and Tax thereon) 46,786 27,212

Adjusted for:
Premium on buy back of debentures 380 94

Provision for Impairment in value of investment (Net) (16)

Profit)/ Loss on Sale / Discard of Property, Plant and Equipment (Net) 80
Depreciation/ Amortisation and Depletion Expense 10,276 9,199
Effect of Exchange Rate 1,920 (1,238)
Change
Net Gain on Financial Assets "
(765) (2,866)
Exceptional Item (Net of taxes) (4,304)
Dividend Income (276) (141)
Interest Income (12,390) (1,065)
Finance costs 9,123 211

operating Profit before Working Capital Changes 55,134 33,186

Adjusted fo
Trade and Other Receivables (12,639) 2,781
inventories (9,337) 1,365
Trade and Other Payables
35,796 (36,154)
Cash Generated from operations 68,954 1,178
Taxes Paid (Net) (1,463) (1,690)
Net Cash
Flow from / (Used in) Operating Activities 67,491 (512)
B. Cash Flow from Investing Activities
Expenditure on Property, Plant and Equipment and Intangible Assets (18,149) (21,755)
Repayment of Capex Liabilities transferred from RJIL 5) (27,743)
Proceeds from disposal of Property, Plant and Equipment and Intangible Assets 30 1,147
Investments in Subsidiaries (37,574) (16,147)
Disposal of Investments in Subsidiaries 956 1,33,647
Purchase of Other Investments (5,21,980) (4,32,4
Proceeds from Sale of Financial Assets 5,02,224 4,34,074
Loans (given) / repaid (net) -Subsidiaries,Associates, Joint Ventures and Others 22,952 (7,321)
Interest Income 5,955 10,706
Dividend Income from Subsidiaries/ Associates 75 41
Dividend from
income others
Net Cash Flow (Used in) / from Investing Activities (45,315) 74,257
C. Cash Flow from Financing Activities
Proceeds from issue of Equity Share Capital
Net Proceeds from Rights Issue 39,76 13,210
Payment of Lease Liabilities (109) (53)
Proceeds from Borrowings - Non-Current (including current m a t u r i t i e s
29,916 32,765
Repayment of Borrowings- Non-Current (including current maturities) (36,539) (86,291)
Borrowings - Current (Net)
,754) 3,078)
Dividends Paid (4,297) (3,921)
Interest Paid (11,019) 14,294)
Net Cash Flow (Used in) Financing Activities (6,035) (76,657)
Not increase/(Decre ase) in Cash and Cash Equivalents 16,141 (2,912)
Opening Balance of Cash and Cash Equivalents 5,573 8,485
Closing Balance of Cash and Cash Equivalents (Refer Note No. 9) 21,714 5,573
"other than Financial
Services
segnmen
*Includes amount spent in cash towards Corporate Social Responsibility of t 813 crore (Previous Year t 922 crore).

312 Reliance Industries limited

 Corporate Management Governance Financial
Overview Review statements

Standalone

Change in Liability Aris ing from Financing Activities

(in crore)
1st April, 2021 Foreign exchange
Cash floW movement/otne 31st March, 2022

Borrowing-Non-Current (including
maturities) (Refer Note 16)
current
1,88,546 (6,623) 3,242 1,85,165
Borrowing-Current (Refer Note 21) 33,152 (23,754) 9,398
2,21,698 (30,377) 3,242 1,94,563

( in crore)
1st April, 2020 Cash flow oreign exchange 31st March, 2021
movement/ others

BorrowingNon-Current(including current
maturities) (Refer Note 16)
2,38,700 (53,526) 3,372 1,88,546
Borrowing- Current (Refer Note 21) 59,899 (18,078) 3,669) 33,152
2,98,599 (71,604) (5,297) 2,21,698

Others includes short-term loans of t 10,707 crore, refinanced into Long Term Loan.

As per our Report of even date For and on behalf of the Board

For DTS&Associates LLP For S RBC&cOUP Alok Agarwal M.D. Ambani Chairman and
Chartered Accountants Chartered Accountants Chief Financial Officer Managing Director
(Registration No. (Registration No.
324982E/E300003) N.R. Meswani
142412W/ WiOO595) H.R.Meswani
Srikanth Venkatachari
P.M.S. Prasad Executive Directors
Joint Chief Financial Officer
K..Kapil

TP Ostwal Vikas Kunmar Pansari Savithri Parekh Nita M.Ambani

Partner rorther Company Secretary Prot. DipakC. Jain
Membership No. 030848 Membership No. 093649 Dr.R.A. Mashelkar
Adil Zainulbhai Non-Executive
Raminder Singh Gural Directors
Date: May 06, 2022 Dr. Shumeet Banerji
Arundhati Bhattacharya
His Excellency Yasir Othman H. Al Rumayyan
K.V. Chowdary

Integrated Annual Report 2021-22 313