CHENNPETRO2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member CHENNPETRO2020-01-012020-03-31in-bse-fin:OneOperatingExpenses02Member CHENNPETRO2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member CHENNPETRO2020-01-012020-03-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares CHENNPETRO 2019-04-01 2020-03-31 2020-05-11 INR Crores Yearly Single segment Manufacture of Petroleum and Petrochemical Products 2020-01-01 2020-03-31 Audited Consolidated 117693900000.00 248600000.00 117942500000.00 93410400000.00 2058400000.00 7124300000.00 1349100000.00 1131900000.00 1716800000.00 35032500000.00 141823400000.00 -23880900000.00 0.00 -23880900000.00 945100000.00 -8450100000.00 -7505000000.00 0.00 -16375900000.00 0.00 0.00 0.00 128600000.00 -16247300000.00 -396500000.00 -16643800000.00 0.00 0.00 1489100000.00 10 -109.11 -109.11 0.00 0.00 -109.11 -109.11 0.00 0.00 0.00 Notes to Standalone Financial Results: n1. The above results have been reviewed and recommended by the Audit Committee and napproved by the Board of Directors at the respective meetings held on 20th May 2020. n2. The Audited Accounts are subject to supplementary audit by the Comptroller and Auditor nGeneral of India under section 143(6) (a) of Companies Act, 2013. n3. The company operates only in one segment, Petroleum Sector. As such reporting is done on na single segment basis. n4. Average Gross Refining Margin for the period April – Mar’2020 is US$ (1.18) per bbl (April – nMar’2019: US$ 3.70 per bbl). The GRM is significantly impacted by inventory losses on naccount of steep fall in crude / product prices during the year end caused by the COVID-19 nPandemic situation. n5. Preference Share is treated as financial liability as per Ind AS 32, as these are redeemable on nmaturity for a fixed determinable amount and carry fixed rate of dividend. Correspondingly, in nline with the requirements of Ind AS 32, pending the approval of shareholders, preference ndividend, has been provisionally accrued as finance cost for the year ended Mar’2020: ` n33.25 Cr (Apr-Mar’2020: ` 47.46 Cr). However, as per the Companies Act 2013, the npreference shares is treated as part of share capital and the provisions of the Act relating to ndeclaration of Preference Dividend at the end of the year would be applicable. n6. Other Expenses includes exchange loss of ` 77.14 Cr for the quarter ended Mar’20 (Jan- nMar’19: exchange gain (netted off) of ` 41.03 Cr). The exchange fluctuation loss for the year nended Mar’20: ` 239.22 Cr (Apr-Mar’19: ` 242.80 Cr) is included in Other expenses. n7. Impairment on Property, Plant and Equipment / CWIP represents provision in respect of nCauvery Basin Refinery in accordance with Ind AS - 36 “Impairment of Assets”. n8. Indian Accounting Standard (Ind-AS)-116 “Leases” became effective from 01.04.2019 and the ncompany has adopted the same using modified retrospective transition method where at the ninitial application, the lease liability is measured at the present value of remaining lease npayments and right of use asset has been recognized at an amount equal to the lease nliability. Accordingly, the comparative figures for earlier periods have not been restated. nApplication of this standard has resulted a net decrease in Profit before Tax for the period nApr-Mar’20 by ` 1.02 crore (increase in Depreciation and Amortization expenses and Finance ncost by ` 3.84 crore and ` 1.34 crore respectively and decrease in Other expenses by ` 4.16 ncrore). n9. During the quarter, the company has opted to settle pending disputed cases under the Direct nTax Vivad Se Vishwas Scheme, 2020. Provision for ` 94.51 Crore is included in “Current Tax nExpense” (pertaining to earlier years). n10. Covid-19 related impact: The offtake of petroleum products in April / May 2020 has been nsluggish and accordingly, the capacity utilization has been low, which would be normalised nbased on Turnaround of the situation. n11. The figures of the last quarter are the balancing figures between the audited figures of the nfinancial year and the published results upto the third quarter of the respective financial years. n12. Figures for the previous periods have been re-grouped wherever necessary. Single segment 2019-04-01 2020-03-31 Audited Consolidated 486502200000.00 729000000.00 487231200000.00 357933400000.00 8964900000.00 9903900000.00 5116300000.00 4132500000.00 5226000000.00 126173500000.00 517450500000.00 -30219300000.00 0.00 -30219300000.00 945100000.00 -10329600000.00 -9384500000.00 0.00 -20834800000.00 0.00 0.00 0.00 270800000.00 -20564000000.00 -396500000.00 -20960500000.00 0.00 0.00 1489100000.00 10 12103600000.00 -138.10 -138.10 0.00 0.00 -138.10 -138.10 0.07 -0.03 -0.05 Excise Duty 31847400000.00 Other Expenses 3185100000.00 Excise Duty 115334800000.00 Other Expenses 10838700000.00