UBHL annual report - United Spirits Limited

Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Notes:a. Segment accounting policies are in line with the accounting policy of the Company.b. Segment revenue includes sales and other income directly identifiable with/allocable to the segment including intersegmentrevenues.c. Expenses that are directly identifiable with/allocable to segment are considered for determining the segment results. Expenseswhich relates to the group as a whole and not allocable to segments, are included under “Unallocable Corporate expenses”.d. Income which relates to the group as a whole and not allocable to segments is included in “Unallocable Corporate income”e. Segment revenue resulting from transactions with other segments is accounted on the basis of transfer price agreed betweenthe segments. Such transfer prices are either determined to yield a desired margin or agreed on a negotiated basis.f. Segment assets and liabilities includes those directly identifiable with the respective segments. Unallocable corporate assetsand liabilities represents the assets and liabilities that relates to the company as a whole and not allocable to any segments.Unallocable assets mainly comprise trade investments in associate companies. Unallocable liabilities include mainly loan fundsand proposed dividend.103