PETRONET2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member PETRONET2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PETRONET 2019-04-01 2020-03-31 2019-10-22 INR Lakhs Half yearly Single segment Natural Gas Business 2019-07-01 2019-09-30 Unaudited Consolidated 93611800000.00 885200000.00 94497000000.00 80229300000.00 0.00 0.00 268000000.00 1051300000.00 1960300000.00 1509700000.00 85018600000.00 9478400000.00 -720600000.00 8757800000.00 1920000000.00 -4103600000.00 -2183600000.00 0.00 10941400000.00 0.00 0.00 0.00 -51400000.00 10890000000.00 -100000.00 10889900000.00 0.00 0.00 15000000000.00 10 7.26 7.26 0.00 0.00 7.26 7.26 0.00 0.00 0.00 Notes: n1.tThe above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 29 October 2019. The Statutory auditors of the Company have carried out a limited review of the aforesaid results. n n2.tThe Company primarily operates in the business of import and processing of liquefied natural gas. Accordingly, there is only one Reportable Segment i.e. Natural Gas Business . Hence no specific disclosure has been made w.r.t. operating segments. n n3.tIn accordance with IND AS 116 Leases adopted by the Company with effect from 1st April 2019, the Company has recognized the 'Right to Use Assets' and corresponding 'Lease Liability' of Rs. 3828.85 Crore as on 1st April, 2019. As per IND AS 116.' Depreciation' and 'Finance Cost' expenses have been recognised on leases which were classified under 'Cost of the Goods Sold' or 'Rent Expenses', as the case may be, in the profit and loss account. Accounting application of Ind AS 116 has resulted into decrease in profit before tax of the current quarter and half year ended 30 September 2019 by Rs. 136.50 Crore and Rs. 188.12 Crore respectively as compared to accounting under previous standard. n n4.tThe Company elected to exercise the option of lower tax rate of 25.17% under Sec 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the deferred tax liabilities (net) (DTL) as at 30 June 2019 and estimate of tax expense for the quarter ended 30th June 2019 have been remeasured and resultant impact of Rs 376 Crore on DTL and Rs 70 Crore respectively pertaining to previous quarter have been recognised in the current quarter. n n5.tTo secure against future escalation in lease rent for the Kochi LNG Terminal and also to settle ongoing litigations with the Cochin Port Trust (CPT), the Company had offered a proposal for one-time settlement (for the period from 2010 to 2039) of lease rent to CPT, which has been approved by the Board of Trustees of CPT. In accordance with the proposed onetime settlement, expense of Rs 72 Crore {amount up to 31st March. 2019) has been recognized in Q2 of 2019-20 as an exceptional item. n n6.tIn reference to the non-convertible debt securities outstanding as on 30 September 2019, there was no dues towards principal repayment in the half year ended 30 September 2019. The interest payment on the said loan was due on 29th October 2018 and the same was duly paid on the said date. The Company was rated as AAA by Crisil, ICRA and India ratings credit rating agencies. n n7.tFormulae for computation of ratios are as follows: n nDebt Equity Ratio - Total Debt/ Shareholders fund nInterest Service Coverage Ratio - Earnings Before Interest & Tax / Interest Expenses for the period nDebt Service Coverage Ratio - Earnings Before Interest & Tax/ (Interest Expenses for the period plus Principal repayment) n8.tPrevious year/period figures have been regrouped and rearranged to make them comparable with current year/ period figures. n n* Note to serial no. 31 & 32 in respect to Debt Service Coverage Ratio and Interest Service Coverage Ratio - The Actual Ratio is 34.11 & 46.68 in place of 3.411 & 4.668 respectively which are entered due to technical reasons i.e. non acceptability of double digit figure. Therefore 3.411 & 4.668 may be read as 34.11 & 46.68 respectively. 2019-04-01 2019-09-30 Unaudited Consolidated 179746200000.00 1929300000.00 181675500000.00 154410800000.00 0.00 0.00 561200000.00 2056500000.00 3859100000.00 2930300000.00 163817900000.00 17857600000.00 -720600000.00 17137000000.00 4800000000.00 -4207100000.00 592900000.00 0.00 16544100000.00 0.00 0.00 0.00 -34700000.00 16509400000.00 -300000.00 16509100000.00 0.00 0.00 15000000000.00 10 11.01 11.01 0.00 0.00 11.01 11.01 0.00 0.03 0.05 Other Expenses 1509700000.00 Other Expenses 2930300000.00 0.00 0.00 0.00