16th June 2002,
ONGC News
|
No. |
Particulars |
(Figures
in Rs. Crore) |
| Unaudited |
Unaudited |
Audited |
For 9 Months
Ended 31.12.2001 |
For Quarter Ended |
For Year Ended |
| 31.03.2002 |
31.03.2001 |
31.03.2002 |
31.03.2001 |
| 1. |
Net Sales/Income
from Operations |
16,768.63 |
6,469.17 |
6,021.56 |
23,237.80 |
23,179.09 |
| 2. |
Other Income |
958.55 |
674.92 |
742.01 |
1,633.47 |
4,612.18 |
| 3. |
Total Expenditure |
7,848.46 |
3,105.50 |
2,919.64 |
10,953.96 |
11,079.17 |
| |
a) (Increase)/Decrease
in stock-in-trade |
9.80 |
(10.02) |
(22.68) |
(0.22) |
(44.71) |
| b) Consumption
of raw materials* |
154.78 |
56.02 |
90.21 |
210.80 |
242.45 |
| c) Staff expenditure |
560.06 |
123.54 |
215.41 |
683.60 |
838.17 |
| d) Statutory
levies |
4335.29 |
1638.94 |
1339.94 |
5974.23 |
5551.48 |
| e) Other expenditure |
2778.53 |
1297.02 |
1236.76 |
4085.55 |
4491.78 |
| 4. |
Interest |
178.30 |
68.61 |
95.14 |
246.91 |
398.43 |
| 5. |
Depreciation** |
2587.76 |
1227.42 |
1414.52 |
3815.18 |
4453.28 |
| 6. |
Profit before
Tax (1+2-3-4-5) |
7,112.66 |
2742.56 |
2334.27 |
9855.22 |
9156.85 |
| 7. |
Provision for
taxation
(Includes Rs. 556.15 crores towards deferred tax liability
for the current year (Previous year nil) |
2,560.00 |
1,097.35 |
1,042.82 |
3,657.35 |
3,928.07 |
| 8. |
Net profit (6-7) |
4,552.66 |
1,645.21 |
1,291.45 |
6,197.87 |
5,228.78 |
| 9. |
Paid-up equity
share capital
(Face value of share Rs. 10) |
1,425.93 |
1,425.93 |
1,425.93 |
1,425.93 |
1,425.93 |
| 10. |
Reserves excluding
revaluation reserves*** |
|
27,835.91 |
28,471.84 |
| 11. |
Earning per
share -
Basic & Diluted (Rs.) |
31.93 |
11.54 |
9.06 |
43.47 |
36.67 |
| 12. |
Aggregate of
non-promoter shareholding |
|
| |
- Number of
shares |
226,594,405 |
226,594,405 |
226,594,405 |
226,594,405 |
226,594,405 |
| |
- %age of shareholding |
15.89 |
15.89 |
15.89 |
15.89 |
15.89 |
NOTES:
* Represents consumption of stores & spares
** Also includes depletion, amortisation
*** Reserves excluding intangibles
Notes contd.
(A) The Audited accounts are subject to review by the Comptroller
and Auditor General of India under Section 619(4) of the Companies
Act, 1956.
(B) The sales revenue for the year includes arrears of Rs.719.54
crore on account of revision in basic price of Crude oil as
well as pipeline transportation rates (Previous Year Rs.459.22
crore).
(C) The other income for the year includes reimbursement from
Government of India towards Long Term settlement for pay revision
in respect of crude oil, LPG/NGL and pipeline transportation
amounting to Rs. 194.64 crore (Previous year Rs. 444.63 crore).
(D) In terms of the mandatory Accounting Standard (AS-22) on
Accounting for Taxes on Income, the corporation has recorded
the cumulative net deferred tax liability in respect of timing
difference as at 31st March, 2001 of Rs. 4790.91 crore as a
deduction from General Reserves as on 1st April, 2001 and the
net deferred tax liability for the year of Rs. 556.15 crore
has been charged to P&L Account.
(E) The Corporation has extended an interest free advance of
Rs.2113.40 crore to ONGC-VL, its fully owned subsidiary, out
of which Rs. 1963.40 crore is for Sakhalin-1 Project, Russia.
(F) The Board of Directors have recommended a dividend of Rs.
14 per share (140%) subject to the approval of the shareholders.
(G) The above results have been taken on record by the Board
of Directors at its meeting held on 30th May, 2002.
(R S Sharma)
Director (Finance)
Place : New Delhi
Date : May 30, 2002 |
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