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Annual Report

Summary of Financial Information of Subsidiary Companies for the Financial Year 2010-11
The Ministry of Corporate Affairs, vide its Circular No. 2/2011 dt. 8th February 2011, has granted general exemption under Section 212 (8) of the Companies Act, 1956 to companies from attaching the accounts of Subsidiary Companies with the Annual Report of the Company. However, companies are required to provide summarised financial information of the subsidiaries. Accordingly, Indian Oil Corporation Limited is providing a summary of financial information of its subsidiary companies in lieu of attaching the annual accounts of its subsidiary companies with the Annual Report for the year 2010-11. The Annual Accounts of the Subsidiary Companies are available with the Company Secretary, Indian Oil Corporation Limited and are open for inspection by any shareholder at the Registered Office of the Company during working days. The copy of Annual Accounts shall also be made available to any shareholder of Indian Oil Corporation Limited or its subsidiary on request in writing. The summary of financial information of subsidiary companies for the financial year 2010-11 is as given below :Sl. No. Particulars Chennai Petroleum Corporation Limited IndianOilCREDA Biofuels Limited IndianOil (Mauritius) Limited Lanka IOC PLC IOC Middle East FZE

(` in crore)
IOC Sweden AB

Financial Year ending on 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 31.03.2011 Reporting Currency INR INR INR MR INR SLR INR AED INR EURO Exchange Rate (As on 31.03.2011) Exchange Rate (Average Rate 2010-11) 1 2 3 4 5 6 7 8 9 10 11 12 Share Capital Share Application Money Reserves Liabilities Total Liabilities Total Assets Investments * Turnover Profit Before Taxation Provision for Taxation Profit After Taxation Proposed Dividend 149.00 0.00 3616.93 8391.95 12157.88 12157.88 22.50 38128.26 763.52 252.00 511.52 178.69 12.00 0.00 (1.44) 1.41 11.97 11.97 0.00 0.00 0.01 0.09 (0.08) 0.00 1.5259 1.4881 75.67 0.00 77.01 172.20 324.88 324.88 0.00 841.26 20.89 3.56 17.33 2.98 48.82 0.00 51.13 112.96 212.91 212.91 0.00 565.32 13.88 2.34 11.54 1.95 2.4752 2.4759 346.43 0.00 25.72 395.02 767.17 767.17 177.52 2089.85 36.08 0.68 35.40 0.00 757.66 0.00 163.46 977.77 1898.89 1898.89 439.40 5174.27 89.34 1.69 87.65 0.00 12.1299 12.3200 2.30 0.00 6.78 27.87 36.95 36.95 0.00 77.42 2.71 0.00 2.71 0.26 0.20 0.00 0.55 2.30 3.05 3.05 0.00 6.28 0.22 0.00 0.22 0.02 63.2100 60.2100 84.14 0.00 (5.16) 0.39 79.37 79.37 78.03 0.00 (18.46) 0.00 (18.46) 0.00 1.50 0.00 (0.25) 0.01 1.26 1.26 1.23 0.00 (0.31) 0.00 (0.31) 0.00

*Details of Investments (except in case of Investment in Subsidiaries)

(` in crore)
11.83 10.56 0.11 22.50 177.52 177.52 78.03 78.03

Chennai Petroleum Corporation Limited

2 3

Lanka IOC PLC IOC Sweden AB

1) Indian Additives Limited 2) Petroleum India International 3) Others Total 1) Ceylon Petroleum Storage Terminal Limited Total 1) Indoil Netherlands B.V Total

INR MR SLR AED

: : : :

Indian Rupees Mauritian rupees Sri Lankan Rupees United Arab Emirates Dirham

Note: 1 Assets and Liabilities for Balance Sheet Items of foreign subsidiaries are translated at the closing rate as on 31.03.2011. 2 Income and Expense items of foreign subsidiaries are translated at the average exchange rate during 2010-11. 3 Share Capital of Foreign Subsidiaries is translated at the exchange rate existing at the date of transaction.

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