Transcription of Independent Auditors’ Report
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Independent Auditors’ Report
To the Members of Reliance Industries LimitedReport on the Audit of the Standalone Financial StatementsOpinionWe have audited the accompanying Standalone Financial Statements of Reliance Industries Limited ( the Company ) which includes joint operations, which comprise the Balance sheet as at March 31, 2021, the Statement of Profit and Loss, including the statement of Other Comprehensive Income, the Cash Flow Statement and the Statement of Changes in Equity for the year then ended, and notes to the Standalone Financial Statements, including a summary of significant accounting policies and other explanatory our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Financial Statements give the information required by the Companies Act, 2013.
Statements, including a summary of significant accounting ... useful life of its plant and machinery from 25-35 years to 50 years. Assessment of useful life of plant and machinery involves ... Estimates of oil and gas reserves are used to calculate depletion charges for the Company’s oil and gas assets. The impact of
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