Balance Sheet of ------------------- in Rs. Cr.

-------------------
Reliance Industries
Mar '06 Mar '07 Mar '08 Mar '09 M

12 mths 12 mths 12 mths 12 mths 12

Sources Of Funds
Total Share Capital 1,393.17 1,393.21 1,453.39 1,573.53 3,2
Equity Share Capital 1,393.17 1,393.21 1,453.39 1,573.53 3,2
Share Application Money 0.00 60.14 1,682.40 69.25
Preference Share Capital 0.00 0.00 0.00 0.00
43,760.9
Reserves 59,861.81 77,441.55 112,945.44 125,0
0
Revaluation Reserves 4,650.19 2,651.97 871.26 11,784.75 8,8
49,804.2
Networth 63,967.13 81,448.60 126,372.97 137,1
6
Secured Loans 7,664.90 9,569.12 6,600.17 10,697.92 11,6
14,200.7
Unsecured Loans 18,256.61 29,879.51 63,206.56 50,8
1
21,865.6
Total Debt 27,825.73 36,479.68 73,904.48 62,4
1
71,669.8
Total Liabilities 91,792.86 117,928.28 200,277.45 199,6
7
Mar '06 Mar '07 Mar '08 Mar '09 M

12 mths 12 mths 12 mths 12 mths 12

Application Of Funds
84,970.1
Gross Block 99,532.77 104,229.10 149,628.70 215,8
3
29,253.3
Less: Accum. Depreciation 35,872.31 42,345.47 49,285.64 62,6
8
55,716.7
Net Block 63,660.46 61,883.63 100,343.06 153,2
5
Capital Work in Progress 6,957.79 7,528.13 23,005.84 69,043.83 12,1
Investments 5,846.18 16,251.34 20,516.11 20,268.18 19,2
10,119.8
Inventories 12,136.51 14,247.54 14,836.72 26,9
2
Sundry Debtors 4,163.62 3,732.42 6,227.58 4,571.38 11,6
Cash and Bank Balance 239.31 308.35 217.79 500.13 3
14,522.7
Total Current Assets 16,177.28 20,692.91 19,908.23 39,0
5
Loans and Advances 8,266.55 12,506.71 18,441.20 13,375.15 10,5
Fixed Deposits 1,906.85 1,527.00 5,609.75 23,014.71 17,0
24,696.1
Total CA, Loans & Advances 30,210.99 44,743.86 56,298.09 66,5
5
Deffered Credit 0.00 0.00 0.00 0.00
Current Liabilities 17,656.0 24,145.19 29,228.54 42,664.81 48,0
 2
Provisions 3,890.98 1,712.87 2,992.62 3,010.90 3,5
21,547.0
Total CL & Provisions 25,858.06 32,221.16 45,675.71 51,5
0
Net Current Assets 3,149.15 4,352.93 12,522.70 10,622.38 15,0
Miscellaneous Expenses 0.00 0.00 0.00 0.00
71,669.8
Total Assets 91,792.86 117,928.28 200,277.45 199,6
7

24,897.6
Contingent Liabilities 46,767.18 37,157.61 36,432.69 25,5
6
Book Value (Rs) 324.03 439.57 542.74 727.66 3

rofit & Loss account of Reliance ------------------- in Rs. Cr. -------------------

Industries
Mar '06 Mar '07 Mar '08 Mar '09 M

12 mths 12 mths 12 mths 12 mths 12

Income
Sales Turnover 89,124.46 118,353.71 139,269.46 146,328.07 200,3
Excise Duty 8,246.67 6,654.68 5,463.68 4,369.07 8,3
Net Sales 80,877.79 111,699.03 133,805.78 141,959.00 192,0
Other Income 546.96 236.89 6,595.66 1,264.03 3,0
Stock Adjustments 2,131.19 654.60 -1,867.16 427.56 3,9
Total Income 83,555.94 112,590.52 138,534.28 143,650.59 199,1
Expenditure
59,739.2
Raw Materials 80,791.65 98,832.14 109,284.34 153,6
9
Power & Fuel Cost 1,146.26 2,261.69 2,052.84 3,355.98 2,7
Employee Cost 978.45 2,094.09 2,119.33 2,397.50 2,3
Other Manufacturing Expenses 668.31 1,112.17 715.19 1,162.98 2,1
Selling and Admin Expenses 5,872.33 5,478.10 5,549.40 4,736.60 5,7
Miscellaneous Expenses 300.74 321.23 412.66 562.42 6
Preoperative Exp Capitalised -155.14 -111.21 -175.46 -3,265.65 -1,2
68,550.2
Total Expenses 91,947.72 109,506.10 118,234.17 166,0
4
Mar '06 Mar '07 Mar '08 Mar '09 M

12 mths 12 mths 12 mths 12 mths 12

 14,458.7
Operating Profit 20,405.91 22,432.52 24,152.39 29,9
4
15,005.7
PBDIT 20,642.80 29,028.18 25,416.42 33,0
0
Interest 893.61 1,298.90 1,162.90 1,774.47 1,9
14,112.0
PBDT 19,343.90 27,865.28 23,641.95 31,0
9
Depreciation 3,400.91 4,815.15 4,847.14 5,195.29 10,4
Other Written Off 0.00 0.00 0.00 0.00
10,711.1
Profit Before Tax 14,528.75 23,018.14 18,446.66 20,5
8
Extra-ordinary items 0.88 0.51 48.10 0.00
10,712.0
PBT (Post Extra-ord Items) 14,529.26 23,066.24 18,446.66 20,5
6
Tax 1,642.72 2,585.35 3,559.85 3,137.34 4,3
Reported Net Profit 9,069.34 11,943.40 19,458.29 15,309.32 16,2
Total Value Addition 8,810.95 11,156.07 10,673.96 8,949.83 12,3
Preference Dividend 0.00 0.00 0.00 0.00
Equity Dividend 1,393.51 1,440.44 1,631.24 1,897.05 2,0
Corporate Dividend Tax 195.44 202.02 277.23 322.40 3
Per share data (annualised)
13,935.0
Shares in issue (lakhs) 13,935.08 14,536.49 15,737.98 32,7
8
Earning Per Share (Rs) 65.08 85.71 133.86 97.28
Equity Dividend (%) 100.00 110.00 130.00 130.00
Book Value (Rs) 324.03 439.57 542.74 727.66

ash Flow of Reliance ------------------- in Rs. Cr. -------------------

Industries
Mar '06 Mar '07 Mar '08 Mar '09 M

12 mths 12 mths 12 mths 12 mths 12

Net Profit Before Tax 10704.06 14520.47 23010.14 18433.23 205

Net Cash From Operating Activities 10301.58 16870.55 17426.74 18245.86 204
Net Cash (used in)/from
-12130.88 -18567.01 -23955.08 -24084.20 -182
Investing Activities
Net Cash (used in)/from Financing
366.67 306.08 8973.04 23732.58 -109
Activities
Net (decrease)/increase In Cash and
-1462.63 -1390.38 2444.70 17894.24 -87
Cash Equivalents
Opening Cash & Cash Equivalents 3608.79 3225.73 1835.35 4282.29 221
Closing Cash & Cash Equivalents 2146.16 1835.35 4280.05 22176.53 134
y Financial Ratios of ------------------- in Rs. Cr. -------------------
Reliance Industries

Mar
Mar '07 Mar '08 Mar '09 M
'06

Investment Valuation Ratios

Face Value 10.00 10.00 10.00 10.00
Dividend Per Share 10.00 11.00 13.00 13.00
103.7
Operating Profit Per Share (Rs) 146.44 154.32 153.47
6
580.3
Net Operating Profit Per Share (Rs) 801.57 920.48 902.02 5
9
 301.3
Free Reserves Per Share (Rs) 416.90 520.59 704.28 3
6
Bonus in Equity Capital 34.58 34.57 33.14 30.61
Profitability Ratios
Operating Profit Margin(%) 17.87 18.26 16.76 17.01
Profit Before Interest And Tax
13.57 13.90 13.06 13.19
Margin(%)
Gross Profit Margin(%) 13.67 13.95 13.14 13.35
Cash Profit Margin(%) 15.35 15.13 13.73 14.58
Adjusted Cash Margin(%) 15.35 15.13 13.73 14.58
Net Profit Margin(%) 11.13 10.64 14.45 10.65
Adjusted Net Profit Margin(%) 11.13 10.64 14.45 10.65
Return On Capital Employed(%) 17.37 18.00 15.68 10.96
Return On Net Worth(%) 20.08 19.49 24.66 13.36
Adjusted Return on Net Worth(%) 20.17 19.85 17.28 13.76
Return on Assets Excluding
9.73 439.57 542.74 727.66 3
Revaluations
Return on Assets Including
10.24 458.61 548.73 802.54 4
Revaluations
Return on Long Term Funds(%) 18.88 19.83 17.18 11.34
Liquidity And Solvency Ratios
Current Ratio 0.83 0.77 1.01 1.08
Quick Ratio 0.67 0.69 0.94 0.90
Debt Equity Ratio 0.48 0.45 0.46 0.65
Long Term Debt Equity Ratio 0.37 0.32 0.35 0.59
Debt Coverage Ratios
Interest Cover 13.28 13.51 17.05 11.85
Total Debt to Owners Fund 0.48 0.45 0.46 0.65
Financial Charges Coverage Ratio 16.84 16.06 19.95 14.58
Financial Charges Coverage Ratio
14.95 13.90 21.90 12.56
Post Tax
Management Efficiency Ratios
Inventory Turnover Ratio 9.60 10.65 10.57 12.92
Debtors Turnover Ratio 19.99 28.29 26.87 26.29
Investments Turnover Ratio 9.60 10.65 10.57 12.92
Fixed Assets Turnover Ratio 0.96 1.13 1.29 1.01
Total Assets Turnover Ratio 1.21 1.26 1.15 0.79
Asset Turnover Ratio 0.96 1.13 1.29 1.01
Average Raw Material Holding 26.89 20.91 33.46 21.00
Average Finished Goods Held 18.42 18.28 10.27 8.92
Number of Days In Working Capital 14.02 14.03 33.69 26.94
Profit & Loss Account Ratios
Material Cost Composition 73.86 72.32 73.86 76.98
Imported Composition of Raw
95.41 94.04 93.96 95.74
Materials Consumed
Selling Distribution Cost Composition 5.85 3.27 2.41 2.18
Expenses as Composition of Total
38.10 52.40 56.80 61.22
Sales
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 17.52 13.75 9.80 14.49
Dividend Payout Ratio Cash Profit 12.74 9.80 7.85 10.82
Earning Retention Ratio 82.56 86.50 86.01 85.92
Cash Earning Retention Ratio 87.30 90.33 89.68 89.41
AdjustedCash Flow Times 1.75 1.64 1.97 3.53

Mar
Mar '07 Mar '08 Mar '09 M
'06

Earnings Per Share 65.08 85.71 133.86 97.28

324.0
Book Value 439.57 542.74 727.66 3
3