Reliance Industries

Balance Sheet(2008-1999), Reliance Industries *All numbers are in INR and in x10M

Inventories Sundry Debtors Cash and Bank Loans and Advances Total Current Assets Gross Block Less : Accumulated Depreciation Less:Impairment of Assets Net Block Lease Adjustment Capital Work in Progress Miscellaneous Expenses not written off Deferred Tax Assets Investments Total Asset Current Liabilities Provisions Total Current Liabilities Deferred Tax Liability Secured Loans Unsecured Loans Total Debt Share Capital Reserves Total Equity Share Warrants Equity Application Money Total Shareholders Funds Total Liability Check Integrity* *It checks asset and liability mismatch if any

200803 200703 200603 200503 200403 200303 200203 14247.54 12136.51 10119.82 7412.88 7231.22 7510.41 4974.07 6227.58 3732.42 4163.62 3927.81 3189.93 2998.11 2722.46 4280.05 1835.35 2146.16 3608.79 224.24 147.21 1760.71 18130.67 12209.07 8144.85 13503.03 12064.38 11701.39 9993.42 42885.84 29913.35 24574.45 28452.51 22709.77 22357.12 19450.66 104229.1 99532.77 84970.13 55125.82 53502.91 50552.99 46727.32 42345.47 35872.31 29253.38 24872.83 21713.74 18461.16 15076.92 0 0 0 0 0 0 0 61883.63 63660.46 55716.75 30252.99 31789.17 32091.83 31650.4 0 0 0 0 0 0 0 23005.84 7528.13 6957.79 4829.29 3356.81 1994.44 1533.31 0 0 0 0 0 47.15 62.86 310.53 297.64 121.7 366.64 336.59 271.12 228.88 22063.6 16251.34 5846.18 17051.46 13971.4 6722.72 3850.16 150149.44 117650.92 93216.87 80952.89 72163.74 63484.38 56776.27 21045.47 16865.53 12563.5 13659.72 10284.47 9490.89 6472.29 2992.62 1712.87 3890.98 3471.8 2670.75 904.83 1210.54 24038.09 18578.4 16454.48 17131.52 12955.22 10395.72 7682.83 8183.07 7279.66 5092.52 4633.46 3811.41 2955.94 2289.7 6600.17 9569.12 7664.9 7972.9 11451.14 11776.86 14188.89 29879.51 18256.61 14200.71 10811.69 9493.52 7981.45 4739.59 36479.68 27825.73 21865.61 18784.59 20944.66 19758.31 18928.48 1453.39 1453.35 1393.17 1393.09 1395.95 1395.92 1395.85 78312.81 62513.78 48411.09 39010.23 33056.5 28978.49 26479.41 1682.4 0 0 0 0 0 0 0 0 0 0 0 0 0 81448.6 63967.13 49804.26 40403.32 34452.45 30374.41 27875.26 150149.44 117650.92 93216.87 80952.89 72163.74 63484.38 56776.27 0 0 0 0 0 0 0

200103 200003 2299.85 1823.2 1134.17 842.46 100.63 1081.55 5587.86 4106.74 9122.51 7853.95 25355.99 24330.95 11841.53 9214.06 0 0 13514.46 15116.89 0 0 512.38 331.42 0 0 0 0 6726.11 6066.56 29875.46 29368.82 4110.8 3215.38 863.5 650.45 4974.3 3865.83 0 0 4068.4 5988.11 6067.39 5532.13 10135.79 11520.24 1053.49 1346.4 13711.88 12636.35 0 0 0 0 14765.37 13982.75 29875.46 29368.82 0 0

199903 1408.61 457.1 4897.6 1701.87 8465.18 18650.33 6691.93 0 11958.4 0 3437.83 0 0 4294.59 28156 4557 544.37 5101.37 0 5477.64 5207.65 10685.29 1186.34 11183 0 0 12369.34 28156 0

Income Statement(2008-1999), Reliance Industries *All numbers are in INR and in x10M

200803 (12) 200703 (12) 200603 (12) 200503 (12) 200403 (12)200303 (12)200203 (12) INCOME : Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income

139269.45 5463.68 133805.77 6615.62 -1867.16

118353.71 6654.68 111699.03 478.28 654.6

89124.46 8246.67 80877.79 682.92 2131.19

73164.1 56247.03 50095.81 7245.27 4397.4 4391.62 65918.83 51849.63 45704.19 1603.38 1398.7 1187.6 -524.35 -605.41 2435.49

45403.88 3281.94 42121.94 1198.3 -907.83

138554.23 112831.91

83691.9

66997.86 52642.92 49327.28

42412.41

EXPENDITURE : Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Administration Expenses Miscellaneous Expenses Less: Pre-operative Expenses Capitalised

96311.56 2052.84 2049.95 3502.01 5331.4 547.3 175.46

78692.94 2261.69 2045.95 3486.87 5342.31 588.85 111.21

58342.31 1146.26 932.09 2217.72 5765.46 461.19 155.14

45931.87 34721.39 34277.68 907.94 725.15 719.4 791.21 763.79 616.36 1937.13 1738.18 1490.29 2826.38 3275.63 2510.46 352.09 462.33 350.63 9.6 26.43 4

28187.25 739.62 533.8 1459.9 1902.31 521.4 1.81

Total Expenditure

109619.6

92307.4

68709.89

52737.02 41660.04 39960.82

33342.47

Operating Profit Interest Gross Profit Depreciation Profit Before Tax Tax Fringe Benefit tax Deferred Tax Reported Net Profit Extraordinary Items Adjusted Net Profit

28934.64 1077.36 27857.28 4847.14 23010.14 2604.96 47 899.89 19458.29 4111.75 15346.54

20524.51 1188.89 19335.62 4815.15 14520.47 1617.1 40.34 919.63 11943.4 -312.17 12255.57

14982.01 877.04 14104.97 3400.91 10704.06 900 30.72 704 9069.34 74.91 8994.43

14260.84 10982.88 1468.66 1434.72 12792.18 9548.16 3723.5 3247.02 9068.68 6301.14 705 351 0 0 792 790 7571.68 5160.14 31.94 -53.64 7539.74 5213.78

Adjst. below Net Profit P & L Balance brought forward Statutory Appropriations Appropriations P & L Balance carried down

48.1 2765.37 0 17908.47 4363.29

0.51 3029.09 0 12207.63 2765.37

0 8967.86 0 15008.11 3029.09

-4.17 5592.06 0 4191.71 8967.86

1631.24 0 130 131.97 131.97 131.97 542.83

1440.44 0 110 84.28 84.28 84.28 439.67

1393.51 0 100 63.7 63.7 63.7 324.11

1045.13 0 75 43.33 53.3 43.33 270.43

Dividend Preference Dividend Equity Dividend % Earnings Per Share(Adj)-Unit Curr Earnings Per Share-Unit Curr Earnings Per Share(Adj)-Unit Curr Book Value-Unit Curr

9366.46 1555.16 7811.3 2837.09 4974.21 245.9 0 624 4104.31 4.25 4100.06

9069.94 1825.1 7244.84 2816.14 4428.7 190 0 996 3242.7 316.81 2925.89

-13.03 3343.06 0 2898.11 5592.06

0 2726.23 0 3487.48 3343.06

-1064.82 3232.15 0 2683.8 2726.23

733.1 0 52.5 29.52 36.31 29.52 227.22

698.19 20.08 50 23.27 28.62 23.27 198

663.28 0 47.5 25.02 30.78 25.02 235.34

200103 (12) 200003 (12) 199903 (12) 23024.17 2580.83 20443.34 982.59 317.94

15847.16 2451.53 13395.63 976.56 343.68

10624.15 1929.46 8694.69 629.19 -152.43

21743.87

14715.87

9171.45

12365.75 987.86 413.3 1044.21 1174.66 197.67 1.3

7128.45 439.54 358.39 1085.99 747.95 212.81 3.87

3401.26 270 352.22 1033.88 626.96 181.12 11.53

16182.15

9969.26

5853.91

5561.72 1215.99 4345.73 1565.11 2780.62 135 0 0 2645.62 10.75 2634.87

4746.61 1008 3738.61 1278.36 2460.25 57 0 0 2403.25 50.41 2352.84

3317.54 728.81 2588.73 855.04 1733.69 30 0 0 1703.69 6.66 1697.03

0 1739.48 0 2224.45 2160.65

0 1132.67 0 1796.44 1739.48

0 1047.89 0 1618.91 1132.67

447.85 4.77 42.5 20.02 24.63 20.02 113.86

384.65 35.57 40 17.92 22.04 17.92 103.65

350.16 23.39 37.5 14.28 17.56 14.28 100.12

Cash Flow Statement(2008-1999) - Reliance Industries *All numbers are in INR and in x10M

200803 Cash Flow Summary Cash and Cash Equivalents at Beginning of the year Net Cash from Operating Activities Cash Flow From Operating Activities Net Profit before Tax & Extraordinary Items Adjustment For Depreciation Interest (Net) Dividend Received P/L on Sales of Assets P/L on Sales of Invest Prov. & W/O (Net) P/L in Forex Fin. Lease & Rental Chrgs Others Total Adjustments (PBT & Extraordinary Items) Op. Profit before Working Capital Changes Adjustment For Trade & 0th receivables Inventories Trade Payables Loans & Advances Investments Net Stock on Hire Leased Assets Net of Sale Trade Bill(s) Purchased Change in Borrowing Change in Deposits Others Total (OP before Working Capital Changes) Cash Generated from/(used in) Operations Interest Paid(Net) Direct Taxes Paid Advance Tax Paid Others Total-others Cash Flow before Extraordinary Items Extraordinary Items Excess Depreciation W/b Premium on Lease of land Payment Towards VRS Prior Year 's Taxation Gain on Forex Exch. Tran Others Net Cash Used in Investing Activities Cash Flow from Investing Activities Investment in Assets : Purchased of Fixed Assets Sale of Fixed Assets capital WIP Capital Subsidy Recd Financial/Capital Investment : Purchase of Investments Sale of Investments Investment Income Interest Received Dividend Received Invest.In Subsidiaires Loans to Subsidiaires Investment in Group Cos Issue of Sh. on Acqu. of Cos Canc. of Invest. in Cos Acq. Acquisition of Companies Inter Corporate Deposits Others Net Cash Used in Financing Activities Cash Flow From Financing Activities Proceeds: Proceeds from Issue of shares (incl share premium) Proceed from Issue of Debentures Proceed from 0ther Long Term Borrowings Proceed from Bank Borrowings Proceed from Short Tem Borrowings Proceed from Deposits Share Application Money Cash/Capital Investment Subsidy Loans from a Corporate Body Payments: Share Application Money Refund On Redemption of Debenture Of the Long Tem Borrowings

200703

200603

200503

200403

200303

1835.35 2146.16 3608.79 224.24 147.21 17426.74 16870.55 10301.58 17288.58 11777.56

1760.71 6642.31

23010.14 14520.47 10704.06

6301.14

4974.21

6627.85 6812.16 4853.73 3784.57 3331.39 414.96 911.77 403.31 189.29 553.31 -18.37 -107.81 -22.44 -20.4 -25.84 1.79 6.19 0.27 8.92 12.6 -4852.37 -3.93 -88.38 -47.17 -101.67 13.92 106.5 24.31 72.82 47.15 -398.62 -165.33 40.63 116.42 22.34 0 0 0 0 0 -1778.69 -1998.93 -1452.82 -58.21 -82.19 10.47 5560.62 3758.61 4046.24 3757.09 23020.61 20081.09 14462.67 13114.92 10058.23

3452.79 849.56 -112.44 21.02 -26.16 39.09 -34.15 0 -619.43 3570.28 8544.49

-3930.18 -1465.72 826.27 1739.76 -257.88 -2111.03 -790.56 -2706.94 -181.66 279.19 2934.09 948.83 -1338.09 3129.42 2005.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -3107.12 -1307.45 -3218.76 4687.52 2026.51 19913.49 18773.64 11243.91 17802.44 12084.74 0 0 0 0 0 -2484.73 -1905.01 -941.45 -511 -305 0 0 0 0 0 -2.02 1.92 -0.88 -2.86 -2.18 -2486.75 -1903.09 -942.33 -513.86 -307.18 17426.74 16870.55 10301.58 17288.58 11777.56

-2226.76 -2536.34 3001.75 0 0 0 0 0 0 0 0 -1761.35 6783.14 0 -144.56 0 3.73 -140.83 6642.31

9068.68

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -23955.08 -17487.44 -12130.88

0 0 0 0 0 0 0 0 0 0 0 0 -8162.34 -10563.07

0 0 0 0 0 0 -6575.53

-19111.22 14.61 0 0

-5244.01 1597.73 0 0

-3704.25 27.2 0 0

-8254.07 29.69 0 0

-9427.31 16.95 0 0

-4319.08 8.84 0 0

-70090.07 -45631.77 -45745 -40849.25 -37255.52 -29186.07 69116.24 35539.69 42624.53 37813.43 30108.51 26321.53 0 0 0 0 0 0 592.99 228.31 493.47 282.77 564.35 409.49 18.37 107.81 22.44 20.4 25.84 112.44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -4496 492.9 -115.96 -1783.41 303.99 -555.87 8973.04 306.08 366.67 -5741.69 -1137.46 -1680.28

0.04 0 10769.61 0 528.25 0 0 0 0

261.1 0 3617.36 0 2742.69 0 0 0 0

0.49 0 6090.12 0 1909.14 0 0 0 0

0.07 0 7149.7 0 0 0 0 0 0

0.27 0 1835 0 3945.21 0 0 0 0

401.74 0 7733.08 0 579.31 0 0 0 0

0 0 -2100.86

0 0 -1215.19

0 0 -4879.46

0 0 -7731.66

0 0 -4713.11

0 0 -7625.55

Of the short term Borrowings Of financial Liabilities Dividend Paid Shelter Assistance Reserve Interest Paid Others Net Cash Used in Financing Activities Net Inc/(Dec) in Cash and Cash Equivalent Cash and Cash Equivalents at End of the year

0 0 0 0 -1906.4 1682.4 8973.04 2444.7 4280.05

0 0 -3378.58 0 -1721.3 0 306.08 -310.81 1835.35

0 0 -1185.26 0 -1568.36 0 366.67 -1462.63 2146.16

-2282.52 0 -826.79 0 -1900.88 -149.61 -5741.69 3384.55 3608.79

0 0 -783.84 0 -1420.99 0 -1137.46 77.03 224.24

0 0 -672.43 0 -1696.43 -400 -1680.28 -1613.5 147.21

200203

200103

200003

199903

143.27 7523

1081.55 4748.08

4897.6 1630.55

2133.51 1746.08

4428.7

2645.62

2403.25

1703.69

3435.82 1283.99 -23.78 14.19 -35.17 51.72 76.88 0 -1029.26 3774.39 8203.09

2636.73 1014.42 -20.11 2.39 -13.7 129.2 -548.23 0 -1166.72 2033.98 4679.6

2533.59 413.33 0 7.07 -79.45 75.24 -331.87 0 -1255.16 1362.75 3766

1776.66 166.33 0 -3.39 -24.08 0 -8.43 0 -868.22 1038.87 2742.56

-544.62 307.61 -383.5 0 0 0 0 0 0 0 0 -620.51 7582.58 0 -105.87 0 -7.07 -112.94 7469.64

-591.77 -476.65 1271.91 0 0 0 0 0 0 0 0 203.49 4883.09 0 -132 0 -3.01 -135.01 4748.08

-1080.7 -414.59 -583.59 0 0 0 0 0 0 0 0 -2078.88 1687.12 0 -56.5 0 -0.07 -56.57 1630.55

97.96 -64.65 30.55 0 0 0 0 0 0 0 0 63.86 2806.42 -1034.69 0 -25 -0.65 -1060.34 1746.08

0 0 0 0 0 53.36 -3928.34

0 0 0 0 0 0 -2423.89

0 0 0 0 0 0 -5000.06

0 0 0 0 0 0 -1722.76

-1681.53 62.59 0 0

-906.18 15.1 0 0

-2111.89 21.61 0 0

-1822.28 14.83 0 0

-14830.11 15826.55 0 239.19 23.78 0 0 0 0 0 0 0 -3568.81 -1977.22

-4292.52 1521.8 0 159.44 20.11 0 0 0 0 0 0 0 1058.36 -3305.11

-2998.41 2464.83 0 572.11 20.75 0 0 0 0 0 0 0 -2969.06 -446.54

-3722.7 2053.61 0 554.78 20.69 0 0 0 0 0 0 0 1178.31 2740.77

2.11 0 15717.89 0 0 0 0 0 0

0.67 0 8117.61 0 0 0 0 0 0

1129.83 0 2645.19 0 631.19 0 0 0 0

74.01 0 2875.76 0 246.86 0 0 0 0

0 0 -14210.94

0 0 -9689.35

0 0 -2372.83

0 0 -777.25

-1061.91 0 -685.35 0 -1739.02 0 -1977.22 1617.44 1760.71

-368.98 0 -425.33 0 -1193.67 253.94 -3305.11 -980.92 100.63

0 0 -418.93 0 0 -2060.99 -446.54 -3816.05 1081.55

0 0 -385.69 0 0 707.08 2740.77 2764.09 4897.6

Reliance Industries Key Ratios Debt-Equity Ratio Long Term Debt-Equity Ratio Current Ratio Turnover Ratios Fixed Assets Inventory Debtors Interest Cover Ratio Profitability Ratio PBIDTM (%) PBITM (%) PBDTM (%) CPM (%) APATM (%) Return on Capital Ratio ROCE (%) RONW (%)

200803

200703

200603

200503

200403

200303

200203

0.45 0.34 0.98

0.47 0.34 0.9

0.49 0.38 1.03

0.57 0.45 1.1

0.69 0.58 1.25

0.73 0.7 1.67

0.78 0.76 1.8

1.39 10.56 27.97 17.86

1.34 10.64 29.98 13.21

1.34 10.17 22.03 13.2

1.42 9.99 20.56 7.17

1.14 7.63 18.18 5.39

1.09 8.03 17.51 4.2

1.36 12.48 23.55 3.43

17.29 13.81 16.52 14.5 11.02

17.34 13.27 16.34 14.16 10.09

16.81 12.99 15.83 13.99 10.18

19.49 14.4 17.48 15.44 10.35

19.53 13.75 16.98 14.95 9.17

18.7 13.03 15.59 13.86 8.19

19.98 13.77 15.96 13.34 7.14

18.66 21.64

20.12 22.45

18.76 21.9

19.31 21.82

15.47 17.39

14.29 15.58

18.91 17.63

200103

200003

199903

0.93 0.89 1.73

1.07 1.02 1.64

1.01 0.99 1.41

1.04 11.17 23.3 3.29

0.85 9.81 24.39 3.44

0.69 7.72 19.32 3.38

24.16 17.36 18.87 18.29 11.49

29.95 21.89 23.59 23.23 15.17

31.23 23.18 24.37 24.08 16.04

17.82 23.05

16.13 23.37

13.05 18.3

Balance Sheet(2008-1999) - Reliance Industries *All numbers are in INR and in x10M

SOURCES OF FUNDS : Share Capital Reserves Total Equity Share Warrants Equity Application Money Total Shareholders Funds Secured Loans Unsecured Loans Total Debt Total Liabilities APPLICATION OF FUNDS : Gross Block Less : Accumulated Depreciation Less:Impairment of Assets Net Block Lease Adjustment Capital Work in Progress Investments Current Assets, Loans & Advances Inventories Sundry Debtors Cash and Bank Loans and Advances Total Current Assets Less : Current Liabilities and Provisions Current Liabilities Provisions Total Current Liabilities Net Current Assets Miscellaneous Expenses not written off Deferred Tax Assets Deferred Tax Liability Net Deferred Tax Total Assets Contingent Liabilities

200803

200703

200603

1453.39 78312.81 1682.4 0 81448.6 6600.17 29879.51 36479.68

1453.35 62513.78 0 0 63967.13 9569.12 18256.61 27825.73

1393.17 48411.09 0 0 49804.26 7664.9 14200.71 21865.61

200503

200403

200303

200203

1393.09 1395.95 1395.92 1395.85 39010.23 33056.5 28978.49 26479.41 0 0 0 0 0 0 0 0 40403.32 34452.45 30374.41 27875.26 7972.9 11451.14 11776.86 14188.89 10811.69 9493.52 7981.45 4739.59 18784.59 20944.66 19758.31 18928.48

117928.28 91792.86 71669.87 59187.91 55397.11 50132.72 46803.74

104229.1 42345.47 0 61883.63 0 23005.84 22063.6

99532.77 84970.13 55125.82 53502.91 50552.99 46727.32 35872.31 29253.38 24872.83 21713.74 18461.16 15076.92 0 0 0 0 0 0 63660.46 55716.75 30252.99 31789.17 32091.83 31650.4 0 0 0 0 0 0 7528.13 6957.79 4829.29 3356.81 1994.44 1533.31 16251.34 5846.18 17051.46 13971.4 6722.72 3850.16

14247.54 12136.51 10119.82 7412.88 7231.22 7510.41 4974.07 6227.58 3732.42 4163.62 3927.81 3189.93 2998.11 2722.46 4280.05 1835.35 2146.16 3608.79 224.24 147.21 1760.71 18130.67 12209.07 8144.85 13503.03 12064.38 11701.39 9993.42 42885.84 29913.35 24574.45 28452.51 22709.77 22357.12 19450.66 21045.47 16865.53 12563.5 13659.72 10284.47 9490.89 6472.29 2992.62 1712.87 3890.98 3471.8 2670.75 904.83 1210.54 24038.09 18578.4 16454.48 17131.52 12955.22 10395.72 7682.83 18847.75 11334.95 8119.97 11320.99 9754.55 11961.4 11767.83 0 0 0 0 0 47.15 62.86 310.53 297.64 121.7 366.64 336.59 271.12 228.88 8183.07 7279.66 5092.52 4633.46 3811.41 2955.94 2289.7 -7872.54 -6982.02 -4970.82 -4266.82 -3474.82 -2684.82 -2060.82 117928.28 91792.86 71669.87 59187.91 55397.11 50132.72 46803.74 24308.69

28356.9 18339.06

9153.89

8589.7 10668.96

7530.21

200103

200003

199903

1053.49 1346.4 1186.34 13711.88 12636.35 11183 0 0 0 0 0 0 14765.37 13982.75 12369.34 4068.4 5988.11 5477.64 6067.39 5532.13 5207.65 10135.79 11520.24 10685.29 24901.16 25502.99 23054.63

25355.99 24330.95 18650.33 11841.53 9214.06 6691.93 0 0 0 13514.46 15116.89 11958.4 0 0 0 512.38 331.42 3437.83 6726.11 6066.56 4294.59 2299.85 1134.17 100.63 5587.86 9122.51

1823.2 842.46 1081.55 4106.74 7853.95

1408.61 457.1 4897.6 1701.87 8465.18

4110.8 863.5 4974.3 4148.21 0 0 0 0

3215.38 650.45 3865.83 3988.12 0 0 0 0

4557 544.37 5101.37 3363.81 0 0 0 0

24901.16 25502.99 23054.63 2473.88

1935.84

2755.68