Indian Oil Company Balance Sheet, Where Is The Loss

Petrol and Diesel Prices keep on going  up on a regular basis, citing  the rise in International Crude prices.

For a common man like me, who does not know the intricacies book fudging,the figures of Indian Oil Company Limited tell me they are not incurring Loss.

Would like to remain corrected.

Balance Sheet 2013.

	Mar ’12	Mar ’11	Mar ’10	Mar ’09	Mar ’08
	12 mths	12 mths	12 mths	12 mths	12 mths
Sources Of Funds
Total Share Capital	2,427.95	2,427.95	2,427.95	1,192.37	1,192.37
Equity Share Capital	2,427.95	2,427.95	2,427.95	1,192.37	1,192.37
Share Application Money	0.00	0.00	0.00	21.60	0.00
Preference Share Capital	0.00	0.00	0.00	0.00	0.00
Reserves	55,448.75	52,904.37	48,124.88	42,789.29	39,893.88
Revaluation Reserves	0.00	0.00	0.00	0.00	0.00
Networth	57,876.70	55,332.32	50,552.83	44,003.26	41,086.25
Secured Loans	13,045.97	20,379.65	18,292.45	17,565.13	6,415.78
Unsecured Loans	57,277.96	32,354.22	26,273.80	27,406.93	29,107.39
Total Debt	70,323.93	52,733.87	44,566.25	44,972.06	35,523.17
Total Liabilities	128,200.63	108,066.19	95,119.08	88,975.32	76,609.42
	Mar ’12	Mar ’11	Mar ’10	Mar ’09	Mar ’08
	12 mths	12 mths	12 mths	12 mths	12 mths
Application Of Funds
Gross Block	99,455.46	92,696.69	71,780.60	62,104.64	56,731.50
Less: Accum. Depreciation	39,336.13	34,509.29	30,199.53	27,326.19	23,959.68
Net Block	60,119.33	58,187.40	41,581.07	34,778.45	32,771.82
Capital Work in Progress	13,434.77	12,620.44	21,268.63	18,186.05	9,170.22
Investments	18,678.46	19,544.76	22,370.25	32,232.13	21,535.78
Inventories	56,829.20	49,284.52	36,404.08	25,149.60	30,941.48
Sundry Debtors	15,502.87	8,869.65	5,799.28	5,937.86	6,819.23
Cash and Bank Balance	307.01	643.92	916.56	796.56	815.05
Total Current Assets	72,639.08	58,798.09	43,119.92	31,884.02	38,575.76
Loans and Advances	44,988.11	25,454.49	17,453.01	13,348.99	14,920.93
Fixed Deposits	0.00	650.50	398.55	1.46	9.38
Total CA, Loans & Advances	117,627.19	84,903.08	60,971.48	45,234.47	53,506.07
Deffered Credit	0.00	0.00	0.00	0.00	0.00
Current Liabilities	66,510.58	60,441.18	40,818.96	38,890.28	39,326.07
Provisions	15,148.54	6,763.46	10,271.56	2,603.46	1,172.99
Total CL & Provisions	81,659.12	67,204.64	51,090.52	41,493.74	40,499.06
Net Current Assets	35,968.07	17,698.44	9,880.96	3,740.73	13,007.01
Miscellaneous Expenses	0.00	15.15	18.17	37.96	124.59
Total Assets	128,200.63	108,066.19	95,119.08	88,975.32	76,609.42
Contingent Liabilities	28,085.59	31,505.33	25,715.07	26,317.31	25,574.96
Book Value (Rs)	238.38	227.90	208.21	368.86	344.58
Source : Dion Global Solutions Limited

Profit and Loss Account.

I am unable to form this here in the format it is provided.

Visit the Link.

IOCL P&L Account.

IOCL Balance Sheet.