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 Standalone 117693900000.00 248600000.00 117942500000.00 93410400000.00 2058400000.00 7124000000.00 1349100000.00 1131900000.00 1716800000.00 35032500000.00 141823100000.00 -23880600000.00 0.00 -23880600000.00 945100000.00 -8450100000.00 -7505000000.00 0.00 -16375600000.00 0.00 0.00 0.00 0.00 -16375600000.00 -396500000.00 -16772100000.00 0.00 0.00 1489100000.00 10 -109.97 -109.97 0.00 0.00 -109.97 -109.97 0.00 0.00 0.00 1.tThe above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at the respective meetings held on 20th May 2020. n n2.tThe Audited Accounts are subject to supplementary audit by the Comptroller and Auditor General of India under section 143(6) (a) of Companies Act, 2013. n n3.tThe company operates only in one segment, Petroleum Sector. As such reporting is done on a single segment basis. n n4.tAverage Gross Refining Margin for the period April – Mar’2020 is US$ (1.18) per bbl (April – Mar’2019: US$ 3.70 per bbl). The GRM is significantly impacted by inventory losses on account of steep fall in crude / product prices during the year end caused by the COVID-19 Pandemic situation. n n5.tPreference Share is treated as financial liability as per Ind AS 32, as these are redeemable on maturity for a fixed determinable amount and carry fixed rate of dividend. Correspondingly, in line with the requirements of Ind AS 32, pending the approval of shareholders, preference dividend, has been provisionally accrued as finance cost for the year ended Mar’2020: ` 33.25 Cr (Apr-Mar’2020: ` 47.46 Cr). However, as per the Companies Act 2013, the preference shares is treated as part of share capital and the provisions of the Act relating to declaration of Preference Dividend at the end of the year would be applicable. n n6.tOther Expenses includes exchange loss of ` 77.14 Cr for the quarter ended Mar’20 (Jan- Mar’19: exchange gain (netted off) of ` 41.03 Cr). The exchange fluctuation loss for the year ended Mar’20: ` 239.22 Cr (Apr-Mar’19: ` 242.80 Cr) is included in Other expenses. n n7.tImpairment on Property, Plant and Equipment / CWIP represents provision in respect of Cauvery Basin Refinery in accordance with Ind AS - 36 “Impairment of Assets”. n n8.tIndian Accounting Standard (Ind-AS)-116 “Leases” became effective from 01.04.2019 and the company has adopted the same using modified retrospective transition method where at the initial application, the lease liability is measured at the present value of remaining lease payments and right of use asset has been recognized at an amount equal to the lease liability. Accordingly, the comparative figures for earlier periods have not been restated. Application of this standard has resulted a net decrease in Profit before Tax for the period Apr-Mar’20 by ` 1.02 crore (increase in Depreciation and Amortization expenses and Finance cost by ` 3.84 crore and ` 1.34 crore respectively and decrease in Other expenses by ` 4.16 crore). n n9.tDuring the quarter, the company has opted to settle pending disputed cases under the Direct Tax Vivad Se Vishwas Scheme, 2020. Provision for ` 94.51 Crore is included in “Current Tax Expense” (pertaining to earlier years). n n10. Covid-19 related impact: The offtake of petroleum products in April / May 2020 has been sluggish and accordingly, the capacity utilization has been low, which would be normalised based on Turnaround of the situation. n n11.tThe 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. n nFigures for the previous periods have been re-grouped wherever necessary. Single segment 2019-04-01 2020-03-31 Audited Standalone 486502200000.00 788200000.00 487290400000.00 357933400000.00 8964900000.00 9904100000.00 5116300000.00 4132500000.00 5226000000.00 126173500000.00 517450700000.00 -30160300000.00 0.00 -30160300000.00 945100000.00 -10329600000.00 -9384500000.00 0.00 -20775800000.00 0.00 0.00 0.00 0.00 -20775800000.00 -396500000.00 -21172300000.00 0.00 0.00 1489100000.00 10 10433700000.00 -139.52 -139.52 0.00 0.00 -139.52 -139.52 0.07 -0.03 -0.05 Excise Duty 31847400000.00 Other Expenses 3185100000.00 Excise Duty 115334800000.00 Other Expenses 10838700000.00