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SUJANA METAL PRODUCTS LIMITED
i) Discount Rate
The discount rate is based on the prevailing market yield on Indian Government Securities as at the
balance sheet date for the estimated term of the obligations.
ii)
Salary Escalation Rate
The estimates of future salary increase considered takes into account the inflation, seniority and other
relevant factors
Net Asset/(Liability) recognised in Balance Sheet
(Rs. in Lakhs)
Particulars 2009-11 2008-09 2007-08 2006-07
Gratuity
Present value of defined benefit obligation 192.75 135.52 126.48 14.65
Fair value of plan assets — — — —
Status [Surplus / (Deficit)] (192.75) (135.52) (126.48) (14.65)
Compensated Absences
Present value of defined benefit obligation 63.21 27.73 18.29 —
Fair value of plan assets — — — —
Status [Surplus / (Deficit)] (63.21) (27.73) (18.29) —
12 Segment Reporting
The Company is primarily engaged in the business of manufacturing and trading of Steel & Steel products.
The Company has identified two primary business segments, namely manufacting and trading of steel & steel
products, in terms of Accounting Standard-17 on “Segment Reporting” which constitutes the reportable segments.
Segements have been identified taking into account the nature of the products,the differing risks and returns, the
organisational structure and internal reporting system.
Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts
identifiable to each of the segments as also amounts allocated on a reasonable basis. The expenses, which are
not directly relatable to the business segement, are shown as unallocated corporate cost. Assets and Liabilities
that cannot be allocated between the segments are shown as unallocated corporate Assets and Liabilities
respectively.
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