| Notes:
1. The above results have been reviewed
by the Audit Committee and approved by the Board of
Directors at its meeting held on 14.05.2006.
2. The Board has recommended a Final
Dividend of 90% on the equity share capital of the
company,in addition to interim dividend of 30% for
the year ended 31.03.2006.
3. The Company operates only in
one segment, Petroleum Sector, as such reporting is
done on a single segment basis.
4. Gross Refining Margin for the
quarter was $2.95 /bbl (previous year $5.75/bbl).
Gross Refining Margin for the year 2005-2006 was $4.37/bbl
(previous year $5.33/bbl).
5. The future profit is subject
to variation on account of fluctuations in the prices
of crude and petroleum products in the international
market and government policies.
6. Profit for the year ended 31.03.2006
is net of discount of Rs.439.64 crore offered to Oil
Marketing Companies(Rs.135.28 crore for IV Qtr.)(previous
year - Nil).
7. The Profit for the current year
is lower by Rs.3.45 crore due to the following changes
in the accounting policy :
(a) Change in the method of valuation
of raw materials from First-in-First Out (FIFO) basis
to weighted average basis - Rs.3.22 crore.
(b) Change in the rate of charging
depreciation upto 100% for insurance spares instead
of 95% -Rs. 0.23 crore.
8. Figures have been re-grouped
wherever necessary.
9. Status of Investor Complaints
: Pending at the beginning of the Quarter - NIL. Complaints
received and disposed off during the quarter - 168.
Pending at the end of the quarter - NIL.
10. The Audited
Accounts are subject to review by the Comptroller
and Auditor General of India under Section 619(4)
of the Companies Act,1956.
|
