B. L.

AMLANI COLLEGE OF
COMMERCE & ECONOMICS
M. R. NATHWANI COLLEGE OF ARTS

COST ACCOUNTING
SYBAF SEM III
ANALYSIS OFANNUAL
REPORT
61. ATHA DHRUTI
72. KANOUJIYA
RINKI
73. KOTAK SONIYA
75. LOTHADE POOJA
84. VASANI NIDHI

ACKNOWLEDGEMENT
We would like to thank B. L. AMLANI COLLEGE OF
COMMERCE & ECONOMICS, MA MANEKBEN R. NATHWANI
COLLEGE OF ARTS & faculty members of BAF for giving us an
opportunity to prepare a project on Annual report 2011-2012
RELIANCE GROWTH IS LIFE. It has truly been an invaluable
learning experience completing a task is never one Mans effort.
It is often the result of invaluable contribution on number of
individuals in direct or indirect way in shaping success and
achieving it.
We would like to thank principal of the college Dr.
Flory Dsouza for granting permission for this project. We would
like to extend our sincere gratitude and appreciation to Prof.
NEHA SARVAIYA who guided us in the study of this project. It has
indeed been a great learning experience and working under her
during the course of the project.

We would like to thank the

college for helping us in finding out the
relevant material for our project. We would
like to appreciate all our colleagues and
family members who gave us support and
banking and always came forward wherever a
helping hand was needed. We would like to
express our gratitude to all those who gave
us the possibility to complete this Thesis.

DECLARATION
We students of B. L. AMLANI COLLEGE OF
COMMERCE & ECONOMICS , M.R. NATHWANI
COLLEGE OF ARTS studying in SYBAF hereby
declare that we completed the project on
Annual report of RELIANCE GROWTH IS LIFE
2011-2012 in the academic year 20122013.The information submitted herein is true
and original to the best of our knowledge.

INDEX
SR.
NO.

PARTICULARS

PAGE NO.

Introduction

Objectives

11

Directors report

14

Auditor report

16

Balance sheet

17

Profit & loss A/C

19

Cost sheet

21

Conclusion

23

Student report

24

PRESENTED
TO:NEHA
SARVAIYA

INTRODUCTION:
Reliance Industries Limited (NSE:
RELIANCE) is India's largest private
sector conglomerate (by market value) ,
with an annual turnover of US$ 44.6
billion and profit of US$ 3.6 billion for
the fiscal year ending in March 2010
making it one of India's private sector
Fortune Global 500 companies, being
ranked at 264th position (2009). It was
founded by the Indian industrialist
Dhirubhai Ambani in 1966.

In 1985 after a heart attack Dhirubhai handed over the Reliance empire to his sons Mukesh and Anil. After his death, the group was split into Reliance Industries Limited, headed by
Mukesh Ambani, and Reliance Anil Dhirubhai Ambani Group (Reliance ADAG), headed by Anil Ambani.

oil &gas
naturaloilgas
crude

OBJECTIVES:
Create value for all stakeholders.
Grow through innovation.
Lead in good governance practices.
Use sustainability to drive product development.
operational efficiencies.
Ensure energy security of the nation.
Faster rural prosperity.

Our Vision:
Through sustainable
measures, create value for
the nation,
enhance quality of life across
the entire socio-economic
spectrum and help spearhead
India as a global leader in
the domains where we
operate.

FUTURE SCOPE & STRATEGIES:

Produced 7.95 Million Barrels of crude oil and 720 BCF of natural
gas
from KG D6.
Produced 9.3 MMBL of crude oil and 52.1 BCF of natural gas from
Panna-Mukta.
Produced 1.2 MMBL of condensate and 95.2 BCF of natural gas
from Tapti.
Jamnagar achieved 110% capacity utilisation at our new SEZ
refinery
During the year, our Company developed its Environmental
Management
Process that includes work streams, roles and responsibilities
matrix and performance indicators to monitor progress
We will develop a second party audit protocol for Companys
environmental standards
We have joined the Indian Coast Guard and the State Pollution
Control
Board's initiative of beach cleaning at Kakinada in October 2010

DIRECTORS REPORT
Name of the Directors
Shri Mukesh D. Ambani (Chairman & Managing Director)
Shri P. M. Prasad (Executive Director)
Shri Hital R. Meswani (Executive Director)
Shri Nikhil R. Meswani (Executive Director)
Shri Pawan Kumar Kapil (Executive Director)
Shri Ramniklal H. Ambani (Non- Executive, Non- Independent
Director)
Shri Manisingh l. Bhakta (Independent Director)
Shri Yogendra P. Trivedi (Independent Director )
Dr. Dharam Vir Kapur (Independent Director )
Shri Mahesh P. Modi (Independent Director )
Prof. Ashok Mishra (Independent Director )
Prof. Dipak C. Jain (Independent Director )
Dr. Raghunath A. Mashelkar (Independent Director )

features of Director
report:
result of operation
buy back of equity share
partnership
joint venture
reliance retail Ltd.
Subsidiaries company
HRM department
technology absorption
future plant of action

aUDITORS REPORT
All accounting standard are properly complited .
All secured and unsecured loan properly paid up.
Audit is conduct in accordance with A/S of india.
A/S referred to section 211(3c) of companies Act,1956.
All accounting book gives true and fair view in conformity with the accounting principles.

Balance sheet as on 31/3/12

EQUITY & LIABILITIES

Amount

AMOUNT

SHARHOLDERS FUND
Share capital

3,271

Reserves & surplus

1,62,825

Non current liabilities

1,66,096

Long term borrowing

48,034

Deferred tax liabilities

12,122

Current liabilities

60,156

Short term borrowing

10,593

Trade payables

40,324

Other current liabilities

13,713

Short term provision

4,258

TOTAL

68,888
2,95,140

ASSEST

AMOUNT AMOUNT

Non-current assets
Fixed assets

88,001

Tangible assets

25,722

Intangible assets

3,695

Capital WIP

4,059

Intangible assets under

development

26,979

Non-current investment

14,340

Long term Loans

1,62,796

Current assets
Current investment

27,029

Inventories

35,955

Trade receivables

18,424

Short term loans

39,598

Other current assets

11,089

1,32,344

Profit & loss A/c

INCOME

AMOUNT

Revenue from operation

3,29,904

Other income

6,192

total revenue

3,36,096

EXPENDITURE:
Material consume

2,74,814

Purchase

1,441

Closing stock of FG

(872)

Employee benefit expense

2,862

Finance cost

2,667

depreciation

11,394

Other expenses

18,040

TOTAL EXPENSES

3,10,346

Profit before tax

25,750

TAXES EXPENSES
Current taxes

5150

Deferred tax

560

PROFIT FOR THE YEAR

20,040

COSTSHEET
particulars

Amount

Direct labour

2862

Direct expense
Direct material

2,74,814

Op.stock of raw material

Purchase

1,441

cl. Stock of raw material

PRIME COST

2,79,117

Add: factory OHs

Add: op. stock of WIP
Less: CL.stock of WIP
Less: sale of scrap

6,192

particulars

Amount

WORK COST

2,72,925

Add: office & adm. Expense

18,040

Add: selling & dist. Expense

2,667

Add: op. stock of FG

Less: cl stock of FG
TOTAL COST
Add: profit

(872)
2,92,760
530

SALES

2,93,290

CONCLUSION/SUGGESTION:
Even under these tough time,RIL delivered sustainable operating and financial results from its core and net profit of RS 20,040cr. This was mainly achieved as a result of resilient demand for petroleum products in developing economies from around the world and on-going consumer demand in india for product and services linked to better quality of life.

STUDENTSS REPORT:
PRESENTATION MADE BY
ALL.

BIBLIOGRAPHY:
WWW.GOOGLE.COM
WWW.YAHOO.COM
WWW.WIKIPeDIA.com
reliance annual report of 2011-2012