08-09 - Jindal Group of Companies

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14. Segment Reporting Policies Identification of Segments Primary Segment Business segment: The Company's operating businesses are organised and managed separately according to the nature of products, with each segment representing a strategic business unit that offers different products. The two identified segments are Steel Pipes & Tubes and Wind Power. Inter Divisional transfers of goods, as marketable products produced by separate divisions of the company for captive consumption are made as if sales were to third parties at current market prices and are included in turnover. Segment Information Segment Revenues, Results and Other Information: (Rs. in lacs) Particulars Steel Pipes & Wind Power Others Total Tubes Net External Sales/Income 203,403 484 4,681 208,568 from operations (149,317) (449) (2,919) (152,685) Other Operating Income 2,528 - - 2,528 (1,452) (-) (-) (1,452) Inter-Segment Sales - 484 - 484 (-) (449) (-) (449) Segment Results 37,299 130 4,681 42,110 (31,090) (224) (2,919) (34,233) Interest & Financial Charges 1,156 - - 1,156 (375) (-) (-) (375) Other un-allocable expenditure 2,428 23 - 2,451 (1,820) (19) (1,829) (3,668) Profit before tax 33,715 107 4,681 38,503 (28,895) (205) (1,090) (30,190) Segment Assets (Including Capital 104,900 5,579 54,183 164,662 Work In Progress) (103,000) (5,868) (37,538) (146,406) Segment Liabilities 20,133 3,466 - 23,599 (24,407) (3,455) (-) (27,862) Unallocable Liabilities 10,065 (9,204) Capital Employed 130,998 (109,340) Figures in bracket are for previous year. 15. Related Parties Disclosures as per Accounting Standard - 18. List of Related Parties with whom transactions have taken place during the year: a. Joint Venture Company Hydril Jindal International Pvt. Ltd. b. Key Management Personnel Shri Saket Jindal Shri S. P. Raj c. Relatives of Key Management Personnel Shri D.P. Jindal Smt. Savita Jindal Shri Raghav Jindal Smt. Rachna Jindal 60
Details of Transactions during the year are as follows: (Rs.) Particulars 2008-09 2007-08 a. Purchase & Other Services from related parties Joint Venture Company 888,403 1,711,255 Relatives of Key Management Personnel 94,728 78,726 b. Sales & Other Services to related parties Joint Venture Company 361,243,673 166,270,116 c. Investment in related parties Joint Venture Company - 990,950 d. Loans/Inter Corporate deposits given (Maximum Outstanding) Joint Venture Company 119,962,867 92,162,867 e. Interest Received from related parties Joint Venture Company 24,803,805 4,497,157 f. Rent paid to related parties Relatives of Key Management Personnel 300,000 300,000 g. Remuneration Key Management Personnel 7,939,818 4,684,248 h. Dividend Paid Key Management Personnel 8,728,820 2,618,646 Relatives of Key Management Personnel 1,192,105 335,130 i. Balance Payable by the Company at the year end Relatives of Key Management Personnel 26,811 - j. Balance Receivable by the Company (including loans if any) at the year end Joint Venture Company 182,231,220 134,071,934 Relatives of Key Management Personnel - 14,757 No amount has been provided as doubtful debts or advances / written off or written back in the year in respect of debts due from or to any related parties. 16. In compliance with the AS - 22 relating to Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India, the company has adjusted the deferred tax liability (net) arising out of timing differences accruing during the year aggregating to Rs. 7,613,500/- in the Profit & Loss Account. Deferred Tax Liability Particulars As At 31.03.2008 During the Year As At 31.03.2009 Fixed Assets 419,196,000 10,712,070 429,908,070 Employees Retirement Benefit Adjustment as per AS - 15 601,530 (601,530) Nil Deferred Tax Assets Particulars As At 31.03.2008 During the Year As At 31.03.2009 Others - 2,497,040 2,497,040 Net Deferred Tax Liability 419,797,530 7,613,500 427,411,030 17. Earning Per Share computed in accordance with Accounting Standard 20: Particulars 31.03.2009 31.03.2008 Net Profit available for equity shareholders (Rs.) (a) 2,578,410,059 1,952,184,294 Weighted average number of equity shares of Rs. 5/- each (b) 70,533,422 70,463,933 Basic / Diluted Earning per share (Rs.) (a/b) 36.56 27.70 61
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21 st ANNUAL REPORT 2008-09 SHINING
Page 4 and 5:
BOARD OF DIRECTORS D.P. Jindal Chai
Page 6 and 7:
CHAIRMAN’S STATEMENT D.P. Jindal
Page 8 and 9:
MESSAGE from the MANAGING DIRECTOR
Page 11: UPRGADING PLANT & EQUIPMENT for BET
Page 14 and 15: SELECTED FINANCIAL INDICATORS OF LA
Page 16 and 17: 6. Members desirous of getting any
Page 18 and 19: The Company has primarily two segme
Page 20 and 21: ANNEXURE TO DIRECTORS' REPORT INFOR
Page 22 and 23: FORM B FORM FOR DISCLOSURE OF PARTI
Page 24 and 25: RELATIONSHIPS BETWEEN DIRECTORS No
Page 26 and 27: ) The Non-executive Directors are p
Page 28 and 29: c) Book Closure : 15 th Sept. 2009
Page 30 and 31: Dematerialisation of Shares and Liq
Page 32 and 33: AUDITORS’ CERTIFICATE ON CORPORAT
Page 34 and 35: SEGMENT-WISE PERFORMANCE The Compan
Page 36 and 37: AUDITORS’ REPORT To The Members o
Page 38 and 39: 8. We have broadly reviewed the cos
Page 40 and 41: BALANCE SHEET AS AT 31ST MARCH, 200
Page 42 and 43: CASH FLOW STATEMENT ANNEXED TO THE
Page 44 and 45: SCHEDULES FORMING PART OF THE FINAN
Page 46 and 47: As At 31.03.2009 Number of Rs. Shar
Page 48 and 49: Name of the Investments No. of Unit
Page 50 and 51: Name of the Investments No. of Unit
Page 52 and 53: SCHEDULE : 7 As At As At 31.03.2009
Page 54 and 55: SCHEDULE : 14 Year Ended Year Ended
Page 56 and 57: SCHEDULE : 20 SIGNIFICANT ACCOUNTIN
Page 58 and 59: NOTES ON ACCOUNTS 1. CONTINGENT LIA
Page 60 and 61: 12. The amount of Exchange Differen
Page 64 and 65: 18. Further, Disclosure as required
Page 66 and 67: VI. CIF VALUE OF IMPORTS Particular
Page 68 and 69: IV. Performance of Company (Rs. in
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08-09 - Jindal Group of Companies

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