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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">NOTES:tttttttttt  n1tThe Audit Committee has reviewed the above results and the same have been subsequently approved by the Board of Directors in their meetings held on May 15, 2018.  n t t tttttttt  n2tThe financial results have been reviewed by the Statutory Auditors as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.  n t t tttttttt  n3tThe financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended). These financial results have been prepared in accordance with the recognition and measurement principles of Ind AS, prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. The figures of the last quarter are the balancing figures between the audited figures of the financial year and the published results upto the third quarter of the respective financial years.   n4tThe Audited Accounts are subject to Supplementary Audit by the Comptroller and Auditor General of India under section 143(6) of the Companies Act 2013.  n5tIncome from operations has been presented in accordance with Ind AS 18. Excise duty has been presented as an expense.  n t t t t t t t t t t   n6tOther Expenses for the three months ended December 31, 2017, three months ended March 31, 2017 and year ended March 31,2018 includes net exchange fluctuation gain of ` 195.38 crore, ` 305.01 crore and ` 12.84 crore respectively.  n t t t t t t t t t t   n7tOther Expenses for the three months ended March 31, 2018 and year ended  31st March 2017 includes net exchange fluctuation loss of ` 147.00 crore and ` 59.32 crore respectively.   n t ttttttttt  n8tThe exceptional items for the year ended March 31,2018 is on account of sharing of terminal charges collected from oil marketing companies on cross country dispatch retrospectively from financial year 2003-04 amounting to ` 25.89 crore. The exceptional items for the previous year was on account of exchange rate variation gain arising out of settlement of overdue trade payables which got accumulated.  n t t t t t t t t t t   n9tThe Company has recognised tax expenses of ` 699.58 crore under section 115JB of the Income Tax Act, 1961 and deferred tax liability of ` 427.72 crore for the year ended March 31, 2018.  n t t t t t t t t t t   n10tThe Board of Directors has recommended to shareholders a dividend of 30% on the paid-up Equity capital of the company, representing ` 3.00/- per equity share.  n t t t t t t t t t t   n11tFigures for the previous periods have been re-grouped wherever necessary.  n t t t t t t t t t t   n12tThe Company operates only in one segment i.e Petroleum Sector.  As such reporting is done on a single segment basis.  n t t t t t t t t t t   n13tThe above results are available on the websites of NSE and BSE at  www.nseindia.com and www.bseindia.com respectively, and on the Company's website at www.mrpl.co.in.  n </in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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