Reliance Annual Report 2014-15

(` in crore)

	NOTE	2014-15	2013-14
INCOME
Revenue from Operations
Sale of Products		3,79,992	4,42,581
Income from Services		8,502	3,758
		3,88,494	4,46,339
Less: Excise Duty / Service Tax Recovered		13,059	11,879
Net Revenue from Operations		3,75,435	4,34,460
Other Income	21	8,613	9,001
TOTAL REVENUE		3,84,048	4,43,461
EXPENDITURE
Cost of Materials Consumed		2,66,862	3,46,491
Purchases of Stock-in-Trade		25,701	17,091
Changes in Inventories of Finished Goods, Stock-in-Process and Stock-in-Trade	22	1,483	(560)
Employee Benefits Expense	23	6,262	5,572
Finance Costs	24	3,316	3,836
Depreciation / Amortisation and Depletion Expense	25	11,547	11,201
Other Expenses	26	37,763	31,067
TOTAL EXPENSES		3,52,934	4,14,698
Profit Before Tax		31,114	28,763
Tax Expenses
Current Tax		6,296	5,929
Deferred Tax		1,178	286
Profit for the year (before adjustment for Minority Interest)		23,640	22,548
Add: Share of (Profit) transferred to Minority Interest		(74)	(55)
Profit for the year (after adjustment for Minority Interest)		23,566	22,493
Earnings per equity share of face value of ` 10 each
Basic and Diluted (in `)	27	80.11	76.55
Significant Accounting Policies
See accompanying Notes to the Financial Statements	1 to 37

For Chaturvedi & Shah
Chartered Accountants

For Deloitte Haskins & Sells LLP
Chartered Accountants

For Rajendra & Co.
Chartered Accountants

D. Chaturvedi
Partner

Alok Agarwal
Chief Financial Officer

Mumbai
Date : April 17,2015

A. B. Jani
Partner

Srikanth Venkatachari
Joint Chief Financial Officer

A.R. Shah
Partner

K. Sethuraman
Company Secretary

M.D. Ambani - Chairman & Managing Director

N.R. Meswani - Executive Director

H.R. Meswani - Executive Director

P.M.S. Prasad - Executive Director

P. K. Kapil - Executive Director

M.L. Bhakta - Director

Y.P. Trivedi - Director

Dr. D.V. Kapur - Director

M.P. Modi - Director

Prof. Ashok Misra - Director

Prof. Dipak C. Jain - Director

Dr. R.A. Mashelkar - Director

Adil Zainulbhai - Director

Consolidated Profit and Loss