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

-------------------
Essar Oil
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 1,100.18 1,156.13 1,190.36 1,218.13 1,218.13
Equity Share Capital 1,100.18 1,156.13 1,190.36 1,218.13 1,218.13
Share Application Money 0.00 0.00 151.67 91.03 1,153.21
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 1,420.55 1,839.00 2,258.69 2,272.85 2,302.31
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Networth 2,520.73 2,995.13 3,600.72 3,582.01 4,673.65
Secured Loans 5,602.96 7,739.08 9,134.05 9,419.15 9,470.59
Unsecured Loans 464.62 832.36 881.54 612.56 883.14
Total Debt 6,067.58 8,571.44 10,015.59 10,031.71 10,353.73
Total Liabilities 8,588.31 11,566.57 13,616.31 13,613.72 15,027.38
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 279.12 303.86 551.68 13,364.74 13,802.50
Less: Accum. Depreciation 94.76 107.59 121.60 758.90 1,493.15
Net Block 184.36 196.27 430.08 12,605.84 12,309.35
Capital Work in Progress 8,304.07 10,633.63 13,290.31 1,913.90 4,318.75
Investments 89.65 109.37 103.05 103.05 203.00
Inventories 36.49 3,417.97 4,890.92 2,250.93 3,969.44
Sundry Debtors 81.12 176.84 803.36 1,165.35 2,033.30
Cash and Bank Balance 31.40 114.65 142.78 155.44 117.09
Total Current Assets 149.01 3,709.46 5,837.06 3,571.72 6,119.83
Loans and Advances 305.23 399.29 856.01 2,865.17 1,787.69
Fixed Deposits 488.53 528.32 860.06 1,019.19 1,233.66
Total CA, Loans & Advances 942.77 4,637.07 7,553.13 7,456.08 9,141.18
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 931.04 4,002.75 7,747.31 8,439.81 10,922.09
Provisions 1.50 7.02 12.95 25.34 22.81
Total CL & Provisions 932.54 4,009.77 7,760.26 8,465.15 10,944.90
Net Current Assets 10.23 627.30 -207.13 -1,009.07 -1,803.72
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00
Total Assets 8,588.31 11,566.57 13,616.31 13,613.72 15,027.38

Contingent Liabilities 1,051.72 3,842.63 6,185.15 6,430.35 22,091.84

Source : Dion Global Solutions Limited

Essar Oil

Profit & Loss account ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover 649.27 473.98 562.29 41,855.97 42,401.68

Excise Duty 0.00 0.00 0.00 3,749.62 5,086.27

Net Sales 649.27 473.98 562.29 38,106.35 37,315.41

Other Income 41.11 10.39 14.49 -1,117.35 871.93

Stock Adjustments -97.79 96.85 317.13 -991.75 310.81

Total Income 592.59 581.22 893.91 35,997.25 38,498.15

Expenditure

Raw Materials 542.42 562.93 911.51 33,265.56 34,633.58

Power & Fuel Cost 0.00 0.00 0.00 159.31 202.37

Employee Cost 18.50 12.32 2.30 96.88 97.50

Other Manufacturing Expenses 0.00 0.00 0.00 182.79 174.11

Selling and Admin Expenses 93.84 31.51 9.95 1,090.10 1,345.34

Miscellaneous Expenses 3.88 13.85 5.63 0.00 107.43

Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00

Total Expenses 658.64 620.61 929.39 34,794.64 36,560.33

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit -107.16 -49.78 -49.97 2,319.96 1,065.89

Interest 21.14 10.65 6.06 1,091.48 1,180.93

PBDT -87.19 -50.04 -41.54 111.13 756.89

Depreciation 4.66 4.51 2.53 654.85 728.31

Other Written Off 0.00 0.00 0.00 0.00 0.00

Profit Before Tax -91.85 -54.55 -44.07 -543.72 28.58

Extra-ordinary items 0.00 0.00 0.00 0.00 0.88

PBT (Post Extra-ord Items) -91.85 -54.55 -44.07 -543.72 29.46

Tax 1.63 12.94 -2.89 -30.21 0.00

Reported Net Profit -93.68 -67.49 -41.18 -513.51 29.46

Total Value Addition 116.22 57.68 17.88 1,529.08 1,926.75

Preference Dividend 0.00 0.00 0.00 0.00 0.00

Equity Dividend 0.00 0.00 0.00 0.00 0.00

Corporate Dividend Tax 0.00 0.00 0.00 0.00 0.00

Per share data (annualised)

10,835.7
Shares in issue (lakhs) 11,395.31 11,737.58 12,015.30 12,015.30
7

Earning Per Share (Rs) -0.86 -0.59 -0.35 -4.27 0.25

Equity Dividend (%) 0.00 0.00 0.00 0.00 0.00

Book Value (Rs) 23.26 26.28 29.38 29.05 29.30

Source : Asian CERC

Corporation
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 1,425.93 2,138.89 2,138.89 2,138.89 2,138.89
Equity Share Capital 1,425.93 2,138.89 2,138.89 2,138.89 2,138.89
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
52,533.7
Reserves 59,785.04 68,478.51 76,596.53 85,143.72
4
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
53,959.6
Networth 61,923.93 70,617.40 78,735.42 87,282.61
7
Secured Loans 0.00 0.00 0.00 0.00 0.00
12,722.6
Unsecured Loans 15,109.07 12,482.71 16,035.70 16,405.64
1
12,722.6
Total Debt 15,109.07 12,482.71 16,035.70 16,405.64
1
66,682.2
Total Liabilities 77,033.00 83,100.11 94,771.12 103,688.25
8
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
47,882.3
Gross Block 52,038.07 57,463.78 61,355.61 71,553.78
5
40,040.1
Less: Accum. Depreciation 43,198.95 46,945.77 50,941.23 55,905.28
5
Net Block 7,842.20 8,839.12 10,518.01 10,414.38 15,648.50
33,373.9
Capital Work in Progress 37,794.16 41,154.63 52,923.19 56,073.25
2
Investments 4,888.57 5,702.05 5,899.50 5,090.32 5,772.03
Inventories 3,038.49 3,033.76 3,480.64 4,060.67 4,678.57
Sundry Debtors 3,704.28 2,759.44 4,360.37 4,083.80 3,058.64
Cash and Bank Balance 699.80 27.42 269.22 161.48 282.85
Total Current Assets 7,442.57 5,820.62 8,110.23 8,305.95 8,020.06
52,293.8
Loans and Advances 58,710.79 38,906.53 55,964.02 63,721.90
3
Fixed Deposits 8,113.02 19,253.37 22,148.43 18,934.74 17,948.18
67,849.4
Total CA, Loans & Advances 83,784.78 69,165.19 83,204.71 89,690.14
2
Deffered Credit 0.00 0.00 0.00 0.00 0.00
16,515.7
Current Liabilities 19,835.99 22,482.94 26,854.11 27,244.53
8
31,122.3
Provisions 39,765.20 21,828.17 30,657.98 37,092.46
9
47,638.1
Total CL & Provisions 59,601.19 44,311.11 57,512.09 64,336.99
7
20,211.2
Net Current Assets 24,183.59 24,854.08 25,692.62 25,353.15
5
Miscellaneous Expenses 366.34 514.06 673.90 650.61 841.32
66,682.2
Total Assets 77,032.98 83,100.12 94,771.12 103,688.25
8

32,907.7
Contingent Liabilities 34,157.17 26,006.73 36,024.57 39,178.54
1
Book Value (Rs) 378.42 289.52 330.16 368.12 408.08

Source : Dion Global Solutions Limited

Explore ONGC connections

Oil and Natural Gas Corporation

Profit & Loss account ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Income

48,536.4
Sales Turnover 57,190.17 60,466.48 64,342.28 60,470.18
3

Excise Duty 546.69 276.73 401.38 338.29 218.41

47,989.7
Net Sales 56,913.44 60,065.10 64,003.99 60,251.77
4

Other Income 2,499.67 3,107.05 4,228.63 4,085.59 3,615.96

Stock Adjustments 211.58 -19.73 114.11 81.10 118.04

50,700.9
Total Income 60,000.76 64,407.84 68,170.68 63,985.77
9

Expenditure

Raw Materials 5,662.50 8,177.22 8,424.32 10,905.51 2,431.88

Power & Fuel Cost 195.45 320.28 317.15 270.79 260.38

Employee Cost 3,014.71 3,974.79 5,843.27 4,536.80 5,618.16

Selling and Admin Expenses -40.27 -560.70 -2,328.21 -4,470.78 -13,243.69

Miscellaneous Expenses 1,068.25 1,079.27 983.74 1,011.04 947.65

Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00

21,205.7
Total Expenses 28,607.62 30,424.78 31,831.85 22,667.20
4

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

26,995.5
Operating Profit 28,286.09 29,754.43 32,253.24 37,702.61
8

29,495.2
PBDIT 31,393.14 33,983.06 36,338.83 41,318.57
5

Interest 3,718.44 3,724.81 5,016.88 8,485.40 11,276.89

25,776.8
PBDT 27,668.33 28,966.18 27,853.43 30,041.68
1

Depreciation 3,852.76 3,292.80 3,915.77 4,355.62 5,242.66

Other Written Off 0.00 0.00 0.00 0.00 0.00

21,924.0
Profit Before Tax 24,375.53 25,050.41 23,497.81 24,799.02
5

Extra-ordinary items -122.87 -564.27 607.25 790.68 183.99

21,801.1
PBT (Post Extra-ord Items) 23,811.26 25,657.66 24,288.49 24,983.01
8

Tax 7,321.43 8,041.02 8,941.85 8,437.78 8,258.73

14,430.7
Reported Net Profit 15,642.92 16,701.65 16,126.32 16,767.56
8

15,543.2
Total Value Addition 20,430.40 22,000.46 20,926.34 20,235.33
4

Preference Dividend 0.00 0.00 0.00 0.00 0.00

Equity Dividend 6,416.70 6,630.51 6,844.39 6,844.39 7,058.28

Corporate Dividend Tax 899.94 1,012.51 1,163.20 1,163.20 1,161.56

Per share data (annualised)

14,259.3
Shares in issue (lakhs) 21,388.73 21,388.73 21,388.73 21,388.73
4
Earning Per Share (Rs) 101.20 73.14 78.09 75.40 78.39

Equity Dividend (%) 450.00 310.00 320.00 320.00 330.00

Book Value (Rs) 378.42 289.52 330.16 368.12 408.08

Source : Asian CERC