Reliance Industries Limited · NSE:RELIANCE

Reliance Industries — Investor Presentation (April 2016)

15 slides from Reliance Industries's investor presentation, Apr 1, 2016

  1. Slide 1: Transition to Ind AS

    TRANSITION TO IND AS

  2. Slide 2: Ind AS Transition - Background

    Section 1 Ind AS Transition - Background Contents:  Ind AS Roadmap  RIL’s Ind AS Transition

  3. Slide 3: Ind AS Roadmap

    Ind AS Roadmap FY 2015-16 FY 2016-17 Indian GAAP Financials Restated to Ind AS First Ind AS Financial Statements 1st Apr 1st Apr 31st March 2015 Q1 Q2 Q3 Q4 2016 Q1 Q2 Q3 2017 Comparative Periods Opening Quarterly Reporting Date of First Ind AS Ind AS BS Reporting Date Adoption to Quarterly Date of

  4. Slide 4: RIL's Ind AS Transition

    RIL’s Ind AS Transition Transition to Ind AS:  Applicability: RIL being a listed entity and having net-worth above Rs.500 crores as on March 31, 2014 has adopted Ind AS from April 1, 2016. This is in accordance with the Companies (Indian Accounting Standard) Rules 2015.  First Ind AS Quarter: Resu

  5. Slide 5: Ind AS Transition – Impact assessment

    Section 2 Ind AS Transition – Impact assessment Contents:  Reserve and Profit Reconciliation  Notes to Reconciliation

  6. Slide 6: Reserve and Profit Reconciliation

    Reserve and Profit Reconciliation (INR crores) RIL – Standalone RIL – Consolidated Reserve Reserve Profit Reconciliation Profit Reconciliation Reconciliation Reconciliation Note Nature of Adjustments Ref. Quarter Ended Quarter Ended Year Ended As at Quarter Ended Quarter Ended Year Ended As at 31-Ma

  7. Slide 7: Quantification: Oil & Gas Activity accounting change

    Notes to Reconciliation - Main 1. Change in accounting policy for Oil & Gas Activity - From FCM to SEM : (Ind AS 101) Accounting Standard (Erstwhile IGAAP) Ind AS (New IGAAP) As per erstwhile IGAAP, Guidance Note recognises two methods of The Company has adopted Successful Efforts Method which is ac

  8. Slide 8: Quantification: Fair Value as Deemed Cost for PPE

    Notes to Reconciliation - Main 2. Fair Value as Deemed Cost for Property Plant and Equipment: (Ind AS 101) Accounting Standard (Erstwhile IGAAP) Ind AS (New IGAAP) As per Accounting Standard Property, Plant and Equipment is Ind AS 101 allows entity to elect to measure Property, Plant and recognised

  9. Slide 9: Quantification: Fair valuation of Financial Assets

    Notes to Reconciliation - Main 3. Fair valuation of Financial Assets: (Ind AS 109) Accounting Standard (Erstwhile IGAAP) Ind AS (New IGAAP) As per Accounting Standard investments are measured at lower of cost On transition, financial assets including investments are measured at and net realizable va

  10. Slide 10: Quantification: Deferred Tax

    Notes to Reconciliation - Main 4. Deferred Tax: (Ind AS 12) Accounting Standard (Erstwhile IGAAP) Ind AS (New IGAAP) As per Accounting Standards Deferred taxes are accounted as per As per Ind AS Deferred taxes are accounted as per balance sheet income statement approach. approach. Impact on RIL  RI

  11. Slide 11: Notes to Reconciliation - Others

    Notes to Reconciliation - Others Accounting Standard (Erstwhile Nature Ind AS (New IGAAP) Impact IGAAP) a) Present valuation of As per Accounting Standard it is recorded As per Ind AS, such obligation is Negligible Asset Retirement at cost. recognised and measured at present obligation value. b) Loa

  12. Slide 12: Notes to Reconciliation - Others

    Notes to Reconciliation - Others Accounting Standard (Erstwhile Nature Ind AS (New IGAAP) Impact IGAAP) e) Actuarial gains and As per Accounting Standard such As per Ind AS these are recognised in Negligible losses: expenditure are charged to Profit and loss OCI. account or capitalised as the case m

  13. Slide 13: Notes to Reconciliation - Others

    Notes to Reconciliation - Others Accounting Standard (Erstwhile Nature Ind AS (New IGAAP) Impact IGAAP) h) Financial Instruments Exchange differences arising on translation of Exchange fluctuations on translation or Nil (other than point 3 foreign currency items are recognised in settlement of forei

  14. Slide 14: Summary – No material impact on RIL

    Summary – No material impact on RIL  Transition to Ind AS does not affect the Company’s ongoing business operations  Key elements of transition are: ─ Accounting for Oil & Gas activity ─ Recognizing fair value of select Property, plant and equipment and financial instruments ─ Accounting for defer

  15. Slide 15: Thank you

Reliance Industries — Investor Presentation (April 2016) on 6ix