File_2012_Document1

148 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsStandaloneAnnual Report 2011-12149NOTES to the financial statements as at and for the year ended 31st March, 2012 NOTES to the financial statements as at and for the year ended 31st March, 2012(` in Crore)Particulars Current Year Previous YearI. Primary Segments ( Business Segments)1. Segment Revenuea) Iron & Steel 14,131.34 10,043.69b) Power 1,662.71 1,214.31c) Others 228.58 172.37Sub –Total (Gross) 16,022.63 11,430.37Less : Inter-segment Revenue 1,280.82 969.40Net Segment Revenue 14,741.81 10,460.972. Segment Results (Profit(+) / Loss(-) before Tax and interestfrom each segment)a) Iron & Steel 3,407.16 2,784.32b) Power 605.31 581.12c) Others 0.03 4.60Sub –Total 4,012.50 3,370.04Less : Interest, financial expenses 682.67 355.02Other un-allocable expenditure (net of un-allocable income) 486.82 262.08Profit before Tax 2,843.01 2,752.94Provision for Taxation– Income Tax 542.88 525.49– Deferred Tax 189.48 163.33Profit for the year after tax 2,110.65 2,064.123. Other InformationI Segment Assetsa) Iron & Steel 14,125.47 12,594.10b) Power 8,168.15 5,716.66c) Others 577.40 681.75d) Un-allocated Assets* 10,687.05 7,394.97Total Assets 33,558.07 26,387.48II Segment Liabilitiesa) Iron & Steel 2,376.56 1,752.87b) Power 135.22 49.97c) Others 25.48 26.52d) Un-allocated Liabilities 4,461.10 3,757.86Total Liabilities 6,998.36 5,587.22III Capital Expenditure (Including Capital work in progress)a) Iron & Steel 3,453.75 2,347.57b) Power 2,419.80 2,402.51c) Others 13.14 18.41Total 5,886.69 4,768.49(` in Crore)Particulars Current Year Previous YearIVDepreciation & amortisation expensesa) Iron & Steel 692.39 555.61b) Power 138.06 98.26c) Others 36.74 33.90Total 867.19 687.77VNon-Cash expenditure other than depreciationa) Iron & Steel (0.73) (5.48)b) Power - -c) Others (11.54) -Total (12.27) (5.48)* Unallocated assets include capital work in progress relating to ongoing projects with corresponding liabilities underunallocated liabilities.ParticularsII. Secondary Segments (Geographical Segments)1. Revenue by Geographical marketa) India 13,242.84 9,065.14b) Outside India 1,498.97 1,395.83Total 14,741.81 10,460.9736 Disclosures as REQUIRED BY ACCOUNTING STANDARD (AS–18) ‘Related PARTY Disclosures’:A. List of Related Parties and Relationshipsa) Subsidiaries, Step down SubsidiariesI. Subsidiaries1. Jindal Minerals & Metals Africa Limited (Cease to exist as subsidiary w.e.f. 26.03.2012)2. Jindal Power Limited3. Jindal Steel & Power (Mauritius) Limited4. Jindal Steel Bolivia SAII. Subsidiaries of Jindal Power Limited1. Attunli Hydro Electric Power Company Limited2. Etalin Hydro Electric Power Company Limited,3. Jindal Hydro Power Limited,4. Jindal Power Distribution Limited5. Jindal Power Trading Company Limited6. Jindal Power Transmission Limited7. Subansiri Hydro Electric Power Company Limited,III. Subsidiaries of Jindal Minerals & Metals Africa Limited1. Jindal Minerals and Metals Africa Congo SPRL(Cease to exist as subsidiary w.e.f. 26.03.2012)