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Crompton Greaves Ltd.<br />
Schedule (B) (Contd)<br />
(iii)<br />
Primary / Secondary Segment Reporting Format:<br />
1 The risk-return profile of the Company’s business is determined predominantly by the nature of its<br />
products and services Accordingly, the business segment constitutes the primary segment for<br />
disclosure of segment information<br />
2 In respect of secondary segment information, the Company has identified its geographical<br />
segments as (a) Domestic and (b) Overseas The secondary segment information has been<br />
disclosed accordingly<br />
(iv) Segment Identification:<br />
Business segments have been identified on the basis of the nature of products / services, the riskreturn<br />
profile of individual business, the organisational structure and the internal reporting system of<br />
the Company<br />
(v) Reportable Segments:<br />
Reportable segments have been identified as per the quantitative criteria specified in Accounting<br />
Standard-17 “Segment Reporting” issued by The Institute of Chartered Accountants of India<br />
(vi) Primary Segment<br />
In the opinion of the management, the business segment <strong>com</strong>prises the following :<br />
(a) Power Systems : Transformer, Switchgear, Turnkey Projects<br />
(b) Consumer Products : Fans, Luminaires, Light Sources and Pumps<br />
(c) Industrial Systems : Electric Motors and Alternators<br />
(d) Digital : Tele<strong>com</strong>munication<br />
22 (a) The Company has not entered into any Finance / Operating Lease as specified in AS-19 “Leases” The<br />
Company has however taken various residential/<strong>com</strong>mercial premises and plant & machinery under<br />
cancellable operating lease These lease agreements are normally renewed on expiry<br />
(b) The lease agreements provide for an option to the <strong>com</strong>pany to renew the lease period at the end of<br />
the non-cancellable period<br />
(c) There are no exceptional / restrictive covenants in the lease agreements<br />
23 Miscellaneous in<strong>com</strong>e includes profit on sale of investments Rs447 crores (Previous year Rs Nil)<br />
24 Prior year figures have been reclassified where necessary to confirm with the current year’s presentation<br />
25 Figures pertaining to the Subsidiary Companies have been reclassified wherever necessary to bring them<br />
in line with the Parent Company’s financial statements<br />
Mumbai, 26th May, <strong>2004</strong> Mumbai, 26th May, <strong>2004</strong><br />
As per our report attached<br />
SHARP & TANNAN B R Jaju S M Trehan<br />
Chartered Accountants Chief Financial Officer Managing Director<br />
L Vaidyanathan W Henriques K K Nohria<br />
Partner Secretary Chairman<br />
Membership no 16368<br />
113
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