Reliance Industries amount difference for financial year 2019 statement


 Standalone Audited Financial Results for the quarter / year ended March 31, 2020 of Reliance Industries Limited (RIL) is released on 30th April 2020. While reading and comparing the numbers in the statements I came across some differences in the amount shown for financial year 2019. It is found that reported earnings for year 2020 and the amount shown for 2019 in the same statement when compared with the annual report of financial year 2018-2019.

The difference found in all the standalone statements like Profit and loss statement, Balance sheets and Cash flow statements. Below are the amount shown in annual report in one column (A) and reported amount for same heads in 2020 annual results (B).

Though the difference is not so huge But I wonder why this exists for the previous year figures which accounts are already closed.

In P&L statement

Value of sales and services is increased by INR 597 crore, while value of other income is decreased by 597 crore. As one head is increased and other head is decreased by same amount the Total Income remains same in annual report of FY 18-19 and reported earnings in April 2020.

In Balance Sheet

In Assets side of balance sheet, Non-Current Assets - Financial assets - Investments is increased by INR 63 Crore. Similarly Current Assets - Financial assets - Investments is increased by INR 84 crore other financial assets are decreased by 147 crore. In this way Non-Current asset is increased by INR 63 crore and Current asset is decreased by INR 63 Crore. Resultants of this is that Total assets number is matching in both statements (775745 crore)

In Cash Flow Statement

In cash flow statement the net cashflow from operating activities is decreased by 3637 crore and investing activities is increased by 3637 core. The Net Increase in Cash and Cash Equivalents are same in both statement released in 2019 and 2020.

The net results with this difference is minimal but still if some analyst is calculating any ratios based on these numbers, you may find some differences if you calculate based on data in last year annual report and data in reported earnings this year.

Trying to understand the differences and valid reason for the difference in both presentation by RIL, It would be great if someone already know the reasons and explain in comment.

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