PETRONET2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member PETRONET2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PETRONET 2019-04-01 2020-03-31 2020-06-22 INR Lakhs Yearly Single segment Natural Gas Business 2020-01-01 2020-03-31 Audited Standalone 85671500000.00 864800000.00 86536300000.00 74359700000.00 0.00 0.00 289100000.00 1035300000.00 1942200000.00 4047500000.00 81673800000.00 4862500000.00 0.00 4862500000.00 1650000000.00 -377700000.00 1272300000.00 0.00 3590200000.00 0.00 0.00 0.00 0.00 3590200000.00 -23700000.00 3566500000.00 0.00 0.00 15000000000.00 10 2.39 2.39 0.00 0.00 2.39 2.39 1. The 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 June 2020. The Statutory auditors of the Company have carried out audit of the aforesaid results. n2. The Company primarily operates in the business of import and processing of liquified 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. n3. In accordance with IND AS 116 Leases adopted by t'he Company with effect from 1st April 2019, the Company has recognized the 'Right to Use Assets' and corresponding 'Lease Liability' of Rs. 3,829 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 year ended 31st March 2020 by Rs. 238 Crore and Rs. 500 Crore respectively as compared to accounting under previous standard. n4. The Company has 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 tax provision for the current year has been made at such lower rate and further deferred tax liabilities (net) (DTL) as nat 31st March 2019 has been remeasured at the new applicable rate and resultant impact of Rs 374 Crore on DTL has been recognised in the current financial year n5. In view of expected increase in capacity utilisation at Kochi terminal, the customers of the Company are asking for lower regasification tariff for Kochi Terminal w.e.f. 1st April 2019. The Company is in discussion with its customers for volumes tied up with respect to the said terminal and pending the finalisation of tariff the nCompany has recognised revenue on the basis of offered regasification tariff. The management is confident that revised price will not be materially different from the offered tariff and there will not be any material financial impact on the Company on account of revision of regasification tariff for Kochi Terminal. n n n nFootnote n nDue to technical issue while filing of XBRL in NSE, Note No. 1-5 are given in the tab of Financial Results and note No. 6-10 are given in the tab of Asset Liabilities. These should be read together. Single segment 2019-04-01 2020-03-31 Audited Standalone 354520000000.00 3725700000.00 358245700000.00 304959400000.00 0.00 0.00 1257600000.00 4032000000.00 7761300000.00 8408300000.00 326418600000.00 31827100000.00 -720600000.00 31106500000.00 8600000000.00 -4469500000.00 4130500000.00 0.00 26976000000.00 0.00 0.00 0.00 0.00 26976000000.00 -23700000.00 26952300000.00 0.00 0.00 15000000000.00 10 0.00 17.98 17.98 0.00 0.00 17.98 17.98 Other expenses 4047500000.00 Other expenses 8408300000.00