Annual Report-FY 2012-13 - Timex Group India

Watches Others Total2012-13 2011-12 2012-13 2011-12 2012-13 2011-12LiabilitiesSegment liabilities 9,053 8,406 11 13 9,064 8,419Unallocated corporate liabilities 1,153 1,195Share capital (including share premium3,047 7,243amount and balance in Statement of Profitand Loss)Total liabilities 13,264 16,857OthersCapital expenditure 245 304 - - 245 304Unallocated capital expenditure 42 39Total capital expenditure 287 343Depreciation & amortization 189 157 1 4 190 161Unallocated depreciation & amortization 33 36Total depreciation & amortization 189 157 1 4 223 197Secondary segment reporting (by geographical location of customer):India Outside India Total(Rs. in lakhs)2012-13 2011-12 2012-13 2011-12 2012-13 2011-12Segment revenue 11,400 17,559 750 822 12,150 18,381Segment assets 12,754 16,379 510 478 13,264 16,857Capital expenditure 287 343 - - 287 343Segment accounting policiesBesides the normal accounting policies followed as described in note 2, segment revenues, results, assets and liabilitiesinclude the respective amounts directly identified to each of the segments and amounts allocated on a reasonable basis.The description of segment assets and liabilities and the accounting policies in relation to segment accounting are asunder:a) Segment assets and liabilitiesSegment assets include all operating assets used by a segment and consist principally of fixed assets, capital workin progress, current assets and loans and advances. Segment liabilities include all operating liabilities in respectof a segment and consist principally of creditors and accrued liabilities. Segment liabilities do not include sharecapital, reserves, current tax and deferred tax liability. Primary segment assets do not include advance tax, deferredtax asset and fixed deposits.b) Segment revenue and expensesSegment revenue and expenses are directly attributable to the segment and have been allocated to various segmentson the basis of specific identification. However, segment revenue and expenses do not include interest and otherincome/expense in respect of non segmental activities.54