OVL FINANCIAL PERFORMANCE DURING LAST THREE YEARS ON CONSOLIDATED BASIS
(Rs. in Million)
Particulars		2005-06	2004 – 05	2003 – 04
Total Income		81,707.28	60,258.42	35,022.82
Expenditure		64,770.27	45,846.92	27,455.65
Profit Before Tax		16,937.01	14,411.50	7,567.17
Provision for Tax (including Deferred Tax)		8,234.17	6,797.67	3,282.68
Profit After Tax		8,702.84	7,613.83	4,284.49
Share of Profit /(Loss)- Minority Interest of ONGC		(309.12)	----	----
Group Profit After Tax		9,011.96	7,613.83	4,284.49
Paid-up Equity Share Capital		3,000.00	3,000.00	3,000.00
Net Worth		21,977.47	12,226.94	8,719.96
Earning Per Share of Rs. 100 each (Rs.)		300.40	253.79	142.82
Dividend Per Share of Rs. 100 each (Rs.)		----	35.00	----
Consolidated results of ONGC Videsh Ltd and its 100% owned subsidiary ONGC Nile Ganga B.V
			( Rs in Lacs )
No.	Particulars	Audited
		For Year Ended
		31.03.04	31.03.03	31.03.02
1	Gross Sales/Income from Operations	324,468.80	17,889.70	-
	Less: Excise Duty Recovered	-	-
	Net Sales/Income from Operations	324,468.80	17,889.70	-
2	Other Income	25,335.80	5,316.90	3,917.40
3	Total Expenditure	203,053.00	11,661.30	781.40
	a) (Increase) / Decrease in stock-in-trade	(423.60)	(77.30)	-
	b) Staff expenditure	5,088.10	1,223.40	797.80
	c) Statutory levies	165,239.20	7,697.20	-
	d) Other expenditure	33,149.30	2,818.00	(16.40)
4	Interest	9,765.00	1,942.90	316.80
5	Depreciation(Including depletion & amortisation)	61,343.80	2,313.90	208.50
6	Profit before Tax (1+2-3-4-5)	75,642.80	7,288.50	2,610.70
	Prior period Expenditure / (Income) ( Net)	(28.90)	20.50	46.40
7	Provision For Taxation
	a) Current Year	27,262.40	1,330.50	196.20
	b) Earlier Years	-	(83.00)	-
	c) Deferred Tax Liability (Asset)	5,564.40	121.00	-
	Sub Total(a+b+c)	32,826.80	1,368.50	196.20
8	Net Profit	42,844.90	5,899.50	2,368.10
9	Paid-up equity share capital (Face value of share Rs. 10)	30,000.00	30,000.00	30,000.00
10	Reserves( excluding revaluation reserves and intangibles)	57,199.60	20,963.10	13,266.70
11	Earning per share - Basic & Diluted (Rs.)	142.82	19.67	7.89
ONGC Nile Ganga BV become the subsidairy of ONGC Videsh Ltd on 12th March 2003
SEGMENT REPORTING
		( Rs in Lacs )
No.	Particulars	Audited
		For Year Ended
		31.03.04	31.03.03
1	Segment Revenue
	A. Asia Pacific	15,661.90	985.00
	B. FSU Countries	-	-
	C. Affrica	308,806.90	16,904.70
	Less: Inter Segment Revenue	-	-
	Net sales/income from operations	324,468.80	17,889.70
2.	Segment Result Profit(+) / Loss(-) before tax and interest from each segment
	A. Asia Pacific	2,315.10	(1,077.30)
	B. FSU Countries	-	-
	C. Affrica	85,663.40	6,710.40
	Total	87,978.50	5,633.10
	Less:
	i. Interest Payment	640.10	1,942.90
	A. Asia Pacific	462.20	104.80
	B. FSU Countries	-	-
	C. Affrica	35.20	(159.60)
	D. Unallocated	142.70	1,997.70
	ii. Other unallocable expenditure net of unallocable income	11,666.70	(3,577.80)
	Total Profit Before Tax	75,671.70	7,268.00
3.	Capital Employed (Segment Assets - Segment Liabilities)
	A. Asia Pacific	76,930.50	88,909.50
	B. FSU Countries	325,805.40	240,216.10
	C. Affrica	373,406.40	224,731.10
	Total	776,142.30	553,856.70
	Unallocated Corporate Assets less Liabilities	(688,942.70)	(502,893.60)
	Grand Total	87,199.60	50,963.10