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FORM OF COMPLIANCE REPORT
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....pose of this compliance report. 2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Petroleum Industry) Rules, 2011 prescribed under clause (d) of sub‐section (1) of section 209 of the Companies Act, 1956, have or have not been maintained by the company so as to give a true and fair view of the cost of production or operation, cost of sales and margin of all the products and activities of the company. 3 Detailed unit‐wise and product or activity‐wise cost statements and schedules thereto in respect of the product groups or activities are or are not kept in the company. 4 In my or our opinion, the said books and records give or do not give the information required by the Companies Act, 1956 in the manner so required. 5 In my or our opinion, the said books and records are or are not in conformity with the generally accepted cost accounting principles and cost accounting standards issued by The Institute of Cost and Works Accountants of India, to the extent these are found to be relevant and applicable. Dated: this ____ day of _________ 20__ at _________________ (mention name of place of signing this report) SIGNATURE AN....
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....year 1. Installed Capacity 2. Quantity Produced 3. Capacity Utilization (%) 4. Quantity re-circulated 5. Quantity Purchased, if any 6. Self-consumption including losses (to be specified) 7. Net Units Available II. Cost Information: Sl. No. Particulars Quantity Unit Rate per unit Rs. Amount Rs. Cost per Unit Current Year Rs. Previous Year Rs. 1. Materials Consumed (specify) Indigenous Imported Self-Manufactured/Produced 2. Process Materials/ Chemicals (specify) 3. Utilities (specify) 4. Direct Employees Cost 5. Direct Expenses (specify) 6. Consumable Stores and Spares 7. Repairs and Maintenance 8. Depreciation 9. Lease rent, if any 10. Other overheads 11. Sub-total (1 to11) 12. Less: Credit, if any 13. Total cost (12-13) Apportionment: (cost centre- wise) 1. Cost Centre 1 2. Cost Centre 2 3. Cost Centre 3 Total PROFORMA 'B' Statement showing the details of Survey Cost Name of the Company Name of Geological Area Surveyed Period I. Cost Information: Sl. No. Particulars Brought Forward Rs. Current year Amount Rs. Total Amount Rs. 1. Materials (a) Explosives and Detonators (b) Others ....
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.... III. Status: Sl. No. Particulars Exploration Drilling Development Drilling Total 1. Cost of successful wells transferred to producing property. 2. Service Wells transferred to Producing Properties. 3. Cost of abandoned or dry wells charged off 4. Cost of wells in progress carried forward 5. Others (to be specified) Total PROFORMA 'D' Statement showing the Cost of Finding Proved Reserves Established Name of the Company Period I. Quantitative Information: Sl. No. Particulars Unit Current Year Previous Year 1. Number of wells for exploratory drilling 2. Number of wells for development drilling 3. Total Meterage drilled 4. Proved Reserves Established/Proved in terms of Oil equivalent II. Cost Information: Sl. No. Particulars Amount Cost per Unit Current Year Rs. Previous Year Rs. Current Year Rs. Previous Year Rs. 1. Survey Cost (b/f Proforma B) 2. Exploration Drilling Cost (b/f Proforma C) 3. Development Drilling cost (b/f Proforma C) 4. Others (to be specified) 5. Total Finding Cost PROFORMA 'E' Statement showing Cost of intermediate-activities like Lifting, Conveying, Treating and Transportation of ....
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....ads (a) Service Overheads (b) Administration Overheads (c) Others (to be specified) 11. Others to be specified 12. TOTAL COST OF TRANSPORTATION 13. Less: Amount received separately from customers, if any. 14. Net Cost PROFORMA 'F' Statement showing the Cost of Production of Crude Oil/Natural Gas Name of the Company Name and address of the Producing Unit Period 1. Quantitative Information: Sl. No. Particulars Unit Current Year Previous Year 1. Opening Stock 1a. Opening Stock in Tanks & Pipelines 1b. Opening Stock in Installations 2. Gross Production including Condensate 3. Less: Used for Mining Operation (Internal use) 4. Less: Transit Loss 5. Less: Bottom Sediment and Water 6. Less: Condensate quantity (Offshore) 7. Net Production (2-3-4-5-6) 8. Transferred to Refinery or Extraction Plant 9. Sales 9a. Crude Oil/Natural Gas 9b. Naphtha spiked with crude oil 9c. Condensate spiked with crude oil 10. Closing Stock (1+7-8-9) 10a. Closing Stock in Tanks & Pipelines 10b. Closing Stock in Installations 11. Trunk Pipeline capacity for Transportation to Delivery Point 12a. Quantity throughput by Pipeline 12b. Through Tan....
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..... Total Cost B. Cost Apportioned to joint products: Sl. No. Products Basis of apportionment of cost Actual quantity Equivalent quantity Value (Rs.) Total cost Apportioned to: (i) Sales (a) (to be specified) (b) (c) (ii) Related Party Transfer (a) (to be specified) (b) (c) (iii) Others (a) (to be specified) (b) (c) Total PROFORMA 'H' Statement showing the Cost of Marketing Petroleum Products Name of the Company Name and address of the Fuel Refining Unit Name of Product Period I. QUANTITATIVE INFORMATION: Sl. No. Particulars Unit Current Year Previous Year 1. Gross Quantity Produced 2. Quantity Purchased (1) Indigenous (ii) Imported (iii) Inter-Unit Transfers 3. Total 4. Less: Losses 5. Balance 6. Add: Opening Stock 7. Less: Closing Stock 8. Net Available Quantity 9. Allocation: (a) Used for Mining Operation (b) Captive Consumption (c) Quantity Sold Total II. COST INFORMATION: Sl. No. Particulars Unit Qty. Rate Rs. Total Cost Rs. Cost per Unit Current Year Rs. Previous Year Rs. 1. Cost of Captive Production (b/f) 2. Cost of Purchases (i) Indigenous (ii) Imported (iii) Inter-Unit Transfers 3. Les....
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.... 6. Repairs and Maintenance 7. Research & Development 8. Lease Rent, if any 9. Depreciation 10. Service/Operation Overheads 11. Less: Credit for Recoveries/ Miscellaneous Income 12. Total Cost [1 to 10 -(11)] 13. Administrative Overheads 14. Cost of Operation (12+13) 15. Other Cost (Specify) 16. Total Operation Cost [14 + 15] Operation Revenue Information 17. Zonal Revenue (a) Zone 1 (b) Zone 2 (c) Others (specify) 18. Revenue from Dedicated Lines 19. Other Revenue (excluding Statutory Levies, if any) 20. Total [17+18+19] 21. Margin (20-16) 22. Margin/mmbtu for NGPL and for Dedicated Pipelines (Amount in Rupees) Sl. No. Particulars Gross Block Depreciation Net Block Cost as at beginning of the year Additions/ Transfers during the year Deductions/ Transfer during the year Total Cost at the end of the year As at beginning of the year For the year On deductions during the year Total at the end of the year As at beginning of the year As at the end of the year A. Survey (specify) 1. 2. etc. B. Exploration/Development (off shore/ on shore separately) 1. 2. etc. C. Crude Processing 1. 2. et....
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....ation Refining Production Centres (separately for each centre) Plant Over- heads Refinery Over- heads Adminis- tration Over- heads Marketing/ Selling & Distribu- tion Non-Cost Expenses 30. Packing Expenses 31. Borrowing Charges 32. Loss on Assets Sold, Lost or Written Off 33. Exchange Rate Fluctuations 34. Provision For Doubtful Debts, Advances, Claims & Obsolescence 35. Provision for Contingencies 36. Depreciation or Depletion 37. Total Expenses 38. Add: Opening Stock-in-Process Less: Closing Stock-in-Process 39. Less: Credit for Recoveries 40. Less: Self-Consumption, if any, 41. Add: Opening Stock - Finished Less: Closing Stock - Finished 42. Total (excluding Excise Duty) 43. Excise Duty Paid 44. Total (including Excise Duty) 45. Total Sales Realization (excluding Excise Duty) 46. Excise Duty Recovered 47. Total Sales (including Excise Duty) Add: Export Benefit, if any Profit as per Profit & Loss Account PROFORMA 'K-1' Statement showing Apportionment of Overheads Cost Centres Plant Overheads Rs. Refinery Overheads Rs. Administration Overheads Rs. Marketing/ Selling & Distribution Rs. Other Overheads (specify) Rs.....
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....all be maintained for each process or products such as manufacture of base oils. 5. Wherever any company is engaged in transporting of crude oil or natural gas or other petroleum products, separate details as per item 'C' of Proforma 'E' shall be prepared in respect of such transportation activity with suitable modifications, wherever required. 6. If separate charges are levied from customers for transporting of Crude Oil or Natural Gas from CTF to delivery point, only the net cost shall be shown against item 5 under cost information of Proforma 'F'. 7. In case a joint product is sold without further processing details in regard to quantity sold, cost of sales and average sales realization etc. shall be indicated in appropriate cost statement and the basis on which cost is apportioned to joint products shall be indicated therein. If these are further processed, separate cost statement under relevant proforma or any other form as thereof shall be prepared. 8. In case of value added products produced by using any of the intermediary product or finished product out of the refining process, separate cost statement of such value added products shall be prepared in suitabl....