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| ONGC's
Unaudited Financial Results For Quarter Ended 30th Sept 2002 |
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8th November
2002, ONGC News
|
No. |
Particulars |
(Figures
in Rs. Crore) |
|
Unaudited |
Unaudited |
Audited |
| For Quarter Ended |
For Half Year Ended |
For
The
Year Ended 31.03.2002 |
| 30.09.2002 |
30.09.2001 |
30.09.2002 |
30.09.2001 |
| 1. |
Net Sales/Income
from Operations |
7,548.10 |
5,566.67 |
14,604.32 |
11,128.05 |
23,237.80 |
| 2. |
Other Income |
630.01 |
430.17 |
1,185.53
|
692.29 |
1,633.47 |
| 3. |
Total Expenditure |
3,708.34 |
2,661.67 |
7,126.99 |
5,261.74 |
10,953.96 |
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a) (Increase)/Decrease
in stock-in-trade |
16.22 |
18.62 |
11.18 |
18.71 |
-0.22 |
| b) Consumption
of raw materials* |
52.44 |
77.79 |
100.01 |
123.00 |
210.80 |
| c) Staff expenditure |
499.84 |
123.28 |
766.91 |
343.93 |
683.60 |
| d) Statutory
levies |
2,151.72 |
1,565.13 |
4,241.96 |
2,879.86 |
5,974.23 |
| e) Other expenditure |
988.12 |
876.85 |
2,006.93 |
1,896.24 |
4,085.55 |
| 4. |
Interest |
7.20 |
62.16 |
92.03 |
123.40 |
246.91 |
| 5. |
Depreciation** |
980.48 |
717.47 |
1,931.94 |
1,582.20 |
3,815.18 |
| 6. |
Profit before
Tax (1+2-3-4-5) |
3,482.09 |
2,555.54 |
6,638.89 |
4,853.00 |
9,855.22 |
| 7. |
Provision for
taxation
|
1,097.35 |
1,042.82 |
3,657.35 |
3,928.07 |
2,560.00 |
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a) Current Tax |
1,460.70 |
946.15 |
2,640.00 |
1,767.00 |
3,101.20 |
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b) Deferred
Tax Liability (Asset) |
255.20 |
57.00 |
258.50 |
57.00 |
556.15 |
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Sub total (a+b) |
1,205.50 |
889.15 |
2,381.50 |
1,710.00 |
3,657.35 |
| 8. |
Net profit (6-7) |
2,276.59 |
1,666.39 |
4,257.39 |
3,143.00 |
6,197.87 |
| 9. |
Paid-up equity
share capital
(Face value of share Rs. 10) |
1,425.93 |
1,425.93 |
1,425.93 |
1,425.93 |
1,425.93 |
| 10. |
Reserves excluding
revaluation reserves*** |
|
|
|
|
27,835.91 |
| 11. |
Earning per
share -
Basic & Diluted (Rs.) |
15.97 |
11.69 |
29.86 |
22.04 |
43.47 |
| 12. |
Aggregate of
non-promoter shareholding |
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|
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- Number of
shares |
226594405 |
226594405 |
226594405 |
226594405 |
226594405 |
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- %age of shareholding |
15.89 |
15.89 |
15.89 |
15.89 |
15.89 |
NOTES:
* Represents consumption of stores & spares
** Also includes depletion, amortisation
*** Reserves excluding intangibles
Notes contd.
1. Pending finalisation of crude oil sale agreement with
refineries effective from 01.04.2002, crude oil sales revenue
has been accounted for at the rates at which refineries were
being charged by OCC during the month of March 2002.
2. Staff expenditure includes Rs. 23500 lakhs towards provision
for VRS.
3. The qualifications on the audited accounts for the financial
year ended 31st March, 2002 by the Auditors have been adequately
disclosed and suitable explanations given in the Annual Report
for the year 2001-02.These qualifications do not have any material
impact on the results for the quarter and half year except in
respect of long outstanding corporate loans given to PSUs and
interest thereon for which a provision of Rs. 6686 lakhs has
been made in the current results.
4. The above unaudited financial results ended 30th September,
2002 are subject to limited review by the auditors as per clause
41 of the listing agreement with Stock Exchanges.
5. These results have been taken on record by the Board of Directors
at their meeting held on 28th October, 2002.
(R S Sharma)
Director (Finance)
Place : New Delhi
Date : October 30, 2002 |
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Segment-wise
Revenue, Results And Capital Employed Under Clause 41
Of The Listing Agreement |
Sl.
No. |
Particulars |
Unaudited
Results For
Quarter Ended 30th Sept, 2002 |
Unaudited
Results For
Half Year Ended
30th Sept, 2002 |
Audited
Results For Year Ended
31st March, 2002 |
| 1
|
Segment
Revenue |
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A. Offshore |
5,214.24 |
10,170.72 |
15,567.01 |
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B. Onshore |
1,950.95 |
3,830.76 |
6,453.65 |
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C. Joint Venture |
493.63 |
1,011.74 |
1,848.27 |
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Total |
7,658.82 |
15,013.22 |
23,868.93 |
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Less: Inter Segment Revenue |
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Net
sales/income from operations |
7,658.82 |
15,013.22 |
23,868.93 |
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| 2
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Segment
Result Profit(+)/Loss(-) Before Tax & Interest |
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A. Offshore |
2,567.89 |
5,007.43 |
7,250.62 |
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B. Onshore |
320.88 |
701.13 |
1,335.54 |
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C. Joint Venture |
285.60 |
547.57 |
851.51 |
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Total |
3,174.37 |
6,256.13 |
9,437.67 |
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Less: |
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|
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i. Interest Payment |
7.20 |
92.03 |
266.94 |
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ii. Other unallocable
expenditure net of unallocable income |
(314.92) |
(474.79) |
(684.49) |
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Total
Profit Before Tax |
3,482.09 |
6,638.89 |
9,855.22 |
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| 3
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Capital
Employed (Segment Assets - Segment Liabilities) |
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A. Offshore |
12,641.39 |
12,641.39 |
12,177.69 |
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B. Onshore |
10,825.20 |
10,825.20 |
10,579.48 |
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C. Joint Venture |
2,201.80 |
2,201.80 |
2,041.59 |
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Total |
25,668.39 |
25,668.39 |
24,798.76 |
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Unallocated Corporate
Assets less Liabilities |
8,311.19 |
8,311.19 |
4,923.41 |
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Grand
Total |
33,979.58 |
33,979.58 |
29,722.17 |
Notes:
1. Segments have been identified on the basis of geographical
location of assets in line with the Accounting Standard on Segment
Reporting (AS-17) taking into account the organisation structure
as well as the differential risks and returns of these segments.
2. Details of the projects/accounting units included according
to their area of operations in each of the above segments are
given below:
a. Offshore: Bombay High, Heera Ratna, Neelam,
& offshore JVCs.
b. Western Onshore: Ahmedabad, Ankleshwar, Mehsana, Cambay &
other related assets.
c. Eastern Onshore: Assam
d. Southern Onshore: Rajhamundry, Cauvery & other related
assets.
e. Central Onshore: Agartala, West Bengal & other related
assets.
f. Others: Head Quarter, Institutes & Liasion Offices.
3. Segment Revenue, Segment Results and Capital Employed
figures include the respective amounts identifiable to each
of the segments. Other includes common expenditure incurred
for all the segments which are not directly identifiableto the
individual segment as well as expenses incurred at corporate
level which relate to the company as a whole. Unallocable income
includes interest & dividend income on investments.
(R S Sharma)
Director (Finance)
Place : New Delhi
Date : October 30, 2002 |
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