Reliance Annual Report 2014-15

(` in crore)

	NOTE	2014-15	2013-14
INCOME
Revenue from Operations
Sale of Products	19	3,40,727	4,01,200
Income from Services		87	102
		3,40,814	4,01,302
Less: Excise Duty / Service Tax Recovered		11,738	11,185
Net Revenue from Operations		3,29,076	3,90,117
Other Income	20	8,721	8,936
TOTAL REVENUE		3,37,797	3,99,053
EXPENDITURE
Cost of Materials Consumed	21	2,55,998	3,29,313
Purchases of Stock-in-Trade		7,134	524
Changes in Inventories of Finished Goods, Stock-in-Process and Stock-in-Trade	22	1,943	412
Employee Benefits Expense	23	3,686	3,370
Finance Costs	24	2,367	3,206
Depreciation / Amortisation and Depletion Expense	25	8,488	8,789
Other Expenses	26	28,713	25,621
TOTAL EXPENSES		3,08,329	3,71,235
Profit Before Tax		29,468	27,818
Tax Expenses
Current Tax		6,124	5,812
Deferred Tax		625	22
Profit for the year		22,719	21,984
Earnings per equity share of face value of ` 10 each
Basic and Diluted (in `)	31	70.25	68.05
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

Standalone Profit and Loss