Corporate information
Polycab Wires Private Limited (‘the Parent Company’) is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The CIN of the Company is U31300DL1996PTC266483. The Company is one of the largest manufacturers of L.T. power/control, instrumentation, house wires, flexible, auto/battery, submersible, H.T. cables, rubber cables and other communication cables. The Company is also in the business of Engineering, Procurement, Construction (EPC) projects, Electric Wiring Accessories and Electric Appliances. The Company caters to both domestic and international markets.The Consolidated financial statements relates to Polycab Wires Private Limited (‘the Parent Company’) and its subsidiary Companies (‘the Group Companies’) collectively referred to as ‘the Group’)

Significant Accounting Policies

Basis of accounting and brparation of Financial Statements
The financial statements of the Group have been brpared in accordance with generally accepted accounting principles in India (Indian GAAP). The Group has brpared these financial statements to comply in all material respects with the accounting standards notified under section 133 of the Companies Act, 2013, read together with Rule 7 of the Companies (Accounts) Rules, 2014.The consolidated financial statements have been brpared on an accrual basis and under the historical cost convention. The accounting policies adopted in the brparation of consolidated financial statements are consistent with those of brvious year.

All assets and liabilities have been classified as current or non-current as per the Group's normal operating cycle and other criteria set out in Schedule III of the Companies Act, 2013. Based on the nature of products and time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the Group has ascertained its operating cycle as 12 months for the purpose of current/non-current classification of assets and liabilities.

Principles of consolidation
The consolidated financial statements have been brpared on the following basis:
The financial statements of the parent and its subsidiaries have been combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, revenues and expenses after eliminating intra-Group balances / transactions and resulting profits in full. Unrealised profit / losses resulting from intra-Group transactions has also been eliminated except to the extent that recoverable value of related assets is lower than their cost to the Group.

The Consolidated Financial Statements have been brpared using uniform accounting policies for like transactions and other events in similar circumstances and are brsented to the extent possible, in the same manner as the Company’s separate financial statements.

The list of subsidiary companies which are included in the consolidation and the Group’s holdings therein are as under:

*100% holding by JWPL in JWFZE (Refer Note -35)

Use of estimates
The brparation of consolidated financial statements in conformity with Indian GAAP requires the management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

Tangible fixed assets and capital work-in-progress
Tangible Fixed assets and capital work-in-progress are stated at cost, net of accumulated debrciation and impairment losses, if any. The cost comprises purchase price, borrowing costs if capitalisation criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any trade discounts and rebates are deducted in arriving at the purchase price.

Subsequent expenditure related to an item of fixed asset is added to its book value only if it increases the future benefits from the existing asset beyond its brviously assessed standard of performance. All other expenses on existing fixed assets, including day-to-day repair and maintenance expenditure and cost of replacing parts, are charged to the Consolidated Statement of Profit and Loss for the period during which such expenses are incurred.

Capital work-in-progress comprises of fixed assets that are not ready for their intended use at the end of reporting period and are carried at cost comprising direct costs, related incidental expenses, other directly attributable costs and borrowing costs.

Gains or losses arising from derecognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the Consolidated Statement of Profit and Loss when the asset is derecognized.

Debrciation on tangible fixed assets
Debrciation on fixed assets is calculated on pro rata basis on straight-line method using the useful lives of the assets and in the manner brscribed in Schedule II of the Companies Act, 2013.
Leasehold lands are amortized over the period of lease.

Intangible fixed assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost less accumulated amortization and accumulated impairment losses, if any. Intangible assets are amortized on a straight line basis over the estimated useful economic life.

Goodwill rebrsents the excess of the cost of an acquisition over the fair value of the Group’s share of the identifiable net assets of the acquired subsidiary at the date of acquisition. Goodwill arising from acquisitions of subsidiaries are tested annually for impairment and carried at cost less amortization and impairment losses, if any. Any impairment is recognized immediately in the income statement. Subsequent reversals of impairment losses for goodwill are not recognized. The Group has the policy to amortise goodwill over a period of 10 years from the date of acquisition.

Operating leases
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased itemare classified as operating leases. Operating lease payments are recognized as an expense in the Consolidated Statement of Profit and Loss on a straight-line basis over the lease term.



Borrowing costs
Borrowing cost includes interest and amortization of ancillary costs incurred in connection with the arrangement of borrowings.
Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur.

Impairment of tangible and intangible fixed assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (CGU) net selling price and its value in use. The recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their brsent value using a br-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent market transactions are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is used. After impairment, debrciation is provided on the revised carrying amount of the asset over its remaining useful life.

An assessment is made at each reporting date as to whether there is any indication that brviously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Group estimates the asset’s or cash-generating unit’s recoverable amount. A brviously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of debrciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the Consolidated Statement of Profit and Loss.

Investments
Investments, which are readily realisable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All the other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties. 
Current investments are carried in the consolidated financial statements at lower of cost and fair value determined on an individual investment basis. Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Consolidated Statement of Profit and Loss.

Inventories
Raw materials, packing materials, stores and spares are valued at lower of cost and net realizable value. However, materials and other items held for use in the production of inventories are not written down below cost if the finished products in which they will be incorporated are expected to be sold at or above cost. Cost of raw materials, packing materials, and stores and spares is determined on a First In-First Out (FIFO) basis and includes all applicable costs incurred in bringing goods to their brsent location and condition.

Work-in-progress and finished goods are valued at lower of cost and net realizable value. Cost includes direct materials and labour and a proportion of manufacturing overheads based on total manufacturing overheads to raw materials consumed. Cost of finished goods includes excise duty.

Traded goods are valued at lower of cost and net realizable value. Cost includes cost of purchase and other costs incurred in bringing the inventories at their location and condition. Cost is determined on a weighted average basis.

The stocks of scrap materials have been taken at net realisable value.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs necessary to make the sale.

At each reporting date project materials for long-term contracts not included in Contract costs for work performed upto the reporting date is valued and carried at cost in the Balance Sheet under Inventories.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised:

Sale of goods
Revenue from sale of goods is recognised when all the significant risks and rewards of ownership of the goods have been passed to the buyer, usually on dispatch of the goods. The Group collects Central Sales Tax (CST) and Value Added Tax (VAT) on behalf of the Government and, therefore, these are not economic benefits flowing to the Group. Hence, they are excluded from revenue. Excise duty deducted from gross revenue is the amount that is included in the gross revenue and not the entire amount of liability arising during the year. Revenue is disclosed net of discounts and returns, as applicable.

Revenue from long - term contracts, where the outcome can be estimated reliably, is recognized under the percentage of completion method by reference to the stage of completion of the contract activity. The stage of completion is measured by calculating the proportion that costs incurred to date bear to the estimated total costs of a contract. The total costs of contracts are estimated based on technical and other estimates. When the current estimate of total costs and revenue is a loss, provision is made for the entire loss on the contract irrespective of the amount of work done. Contract revenue earned in excess of billing is reflected under “Other Current Assets” and billing in excess of contract revenue is reflected under “Other Current Liabilities” in the balance sheet.

Export incentives
Export incentives under various schemes notified by the Government have been recognised on the basis of applicable regulations.

Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest income is included under the head "Other Income" in the Consolidated Statement of Profit and Loss.

Dividends
Dividend income is recognized when the Group’s right to receive dividend is established by the reporting date.

Foreign currency translation
Foreign currency transactions and balances
Initial recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of transaction.



Conversion
Foreign currency monetary items are retranslated using the exchange rate brvailing at the reporting date. Non-monetary items, which are measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction. Non-monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the exchange rate at the date when such value was determined.

Exchange differences 
Exchange differences arising on settlement of monetary items, or on reporting such monetary items of the Group at rates different from those at which they were initially recorded during the year, or reported in brvious consolidated financial statements, are recognised as income or as expenses in the period in which they arise.

Forward exchange contracts entered into to hedge foreign currency risk of an existing asset/liability
The brmium or discount arising at the inception of forward exchange contract is amortized and recognised as an expense/income over the life of the contract. Exchange differences on such contracts are recognised in the Consolidated Statement of Profit and Loss in the period in which the exchange rates change. Any profit or loss arising on cancellation or renewal of such forward exchange contract is also recognized as income or as expense for the period.

Translation of non-integral foreign operations
All the activities of the foreign subsidiaries are carried out with a significant degree of autonomy from those of the
Parent. Accordingly, as per the provisions of Accounting Standard-11, “Effect of changes in foreign exchange rates”
specified under section 133 of the Companies Act, 2013, read with Rule 7 of Companies (Accounts) Rules, 2014, these operations have been classified as “Non-integral operations” and therefore all assets and liabilities, both monetary and
non-monetary, are translated at the closing rate while income and expenses are translated at the average yearly exchange rates, where such rates are approximate the exchange rate on the date of transaction. The resulting exchange differences are accumulated in the foreign currency translation reserve until the disposal of the net investment.

Retirement and other employee benefits
Retirement benefit in the form of provident fund and ‘Employer-Employee Scheme’ are defined contribution schemes. The Group recognises contribution payable to the provident fund and 'Employer Employee' scheme as expenditure, when an employee renders the related service. The Group has no obligation, other than the contribution payable to the funds.
The Group operates a defined benefit gratuity plan for its employees. The costs of providing benefits under this plan are determined on the basis of actuarial valuation at each year-end using the projected unit credit method. Actuarial gains and losses for defined benefit plan is recognized in full in the period in which they occur in the Consolidated Statement of Profit and Loss.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the reporting date.

The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement purposes. Such long-term compensated advances are provided for based on the actuarial valuation using the projected unit credit method at the year-end. Actuarial gains/losses are immediately taken to the Consolidated Statement of Profit and Loss and are not deferred. The Company brsents the leave as a current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting date.

Income taxes
Tax expenses comprise current and deferred tax. Current taxes are determined based on respective taxable income of each taxable entity and tax rules applicable for respective jurisdiction.

Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year and reversal of timing differences for the earlier years. Deferred income tax is measured using the tax rates and the tax laws enacted or substantially enacted at the reporting date.

Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for deductible timing differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. In situations where the Group has unabsorbed debrciation or carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits.

At each reporting date, the Group re-assesses unrecognised deferred tax assets. It recognises unrecognized deferred tax asset to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Group writes-down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

Segment reporting
Identification of segments
The Group’s operating businesses are organized and managed separately according to the nature of products and services with each segment rebrsenting a strategic business unit that offers different products & serves different markets,

Inter-segment transfers
The Group generally accounts for intersegment sales and transfers at cost plus appropriate margins.

Allocation of common costs/ Assets & liabilities
Common allocable costs/ assets & liabilities are allocated to each segmentare consistently allocated amongst the segments on appropriate basis.

Unallocated items
Unallocated items include general corporate income & expense items which are not allocated to any business segment.

Segment accounting policies
The Group brpares its segment information in conformity with the accounting policies adopted for brparing and brsenting the consolidated financial statements of the Group as a whole.



Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus issue, bonus elements in a rights issue, share split, and reverse share split that have changed the number of equity shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

Provisions
A provision is recognised when the Group has a brsent obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their brsent value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Provision for warranty related costs are recognized when the product is sold or service provided. Provision is based on historical experience. The estimate of such warranty related costs is revised annually.

Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Group or a brsent obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent liability but discloses its existence in the financial statements.

Cash and cash equivalents
Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investments with an original maturity of three months or less.

Derivative instruments
The Group enters into derivative contracts in the nature of commodity hedges with an intention to hedge its existing raw material requirements and firm commitments. Derivative contracts which are linked to the underlying transactions are recognised in accordance with the contract terms. At year end, contracts are marked-to-market and losses are recognised in the ConsolidatedStatement of Profit and Loss. Gains arising on the same are not recognised on grounds of prudence.

Measurement of EBITDA
As permitted by the Guidance Note on the Revised Schedule VI to the Companies Act, 1956, the Group has elected to brsent earnings before interest, tax, debrciation and amortization (EBITDA) as a separate line item on the face of the Consolidated Statement of Profit and Loss. In its measurement, the Group does not include debrciation and amortization expenses, finance costs and tax expenses but includes interest income.

Amalgamation accounting
The Group treats an amalgamation in the nature of merger if it satisfies all the following criteria:
All the assets and liabilities of the transferor company become, after amalgamation, the assets and liabilities of the transferee company.
Shareholders holding not less than 90% of the face value of the equity shares of the transferor company (other than the equity shares already held therein, immediately before the amalgamation, by the transferee company or its subsidiaries or their nominees) become equity shareholders of the transferee company.
The consideration for amalgamation receivable by those equity shareholders of the transferor company who agree to become shareholders of the transferee company is discharged by the transferee company wholly by the issue of equity shares, except that cash may be paid in respect of any fractional shares.
The business of the transferor company is intended to be carried on, after the amalgamation, by the transferee company.
The transferee company does not intend to make any adjustment to the book values of the assets and liabilities of the transferor company, except to ensure uniformity of accounting policies.

The Group accounts for all amalgamations in the nature of merger using the pooling of interest method. The application of this method requires the Group to recognize any non-cash element of the consideration at fair value. The Group recognizes assets, liabilities and reserves, whether capital or revenue, of the transferor company at their existing carrying amounts and in the same form as at the date of the amalgamation. The difference between the amount recorded as share capital issued, plus any additional consideration in the form of cash or other assets, and the amount of share capital of the transferor company is adjusted in reserves.

Retirement benefit in the form of provident fund and ‘Employer-Employee Scheme’ are defined contribution schemes. The Group recognises contribution payable to the provident fund and 'Employer Employee' scheme as expenditure, when an employee renders the related service. The Group has no obligation, other than the contribution payable to the funds.
The Group operates a defined benefit gratuity plan for its employees. The costs of providing benefits under this plan are determined on the basis of actuarial valuation at each year-end using the projected unit credit method. Actuarial gains and losses for defined benefit plan is recognized in full in the period in which they occur in the Consolidated Statement of Profit and Loss.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the reporting date.

The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement purposes. Such long-term compensated advances are provided for based on the actuarial valuation using the projected unit credit method at the year-end. Actuarial gains/losses are immediately taken to the Consolidated Statement of Profit and Loss and are not deferred. The Company brsents the leave as a current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting date.

27. Employee benefits
a. Defined benefit plan- As per actuarial valuation
The Company operates one defined plan, viz., gratuity for its employees. Under the gratuity plan, every employee who has completed at least five years of service gets a gratuity on departure @ 15 days of last drawn salary for each completed year of service. The scheme is funded with an insurance company in the form of qualifying insurance policy.
The following tables summarise the components of net benefit expenses recognised in the Consolidated Statement of Profit and Loss and the funded status and amounts recognized in the Balance Sheet for gratuity.
Statement of Profit and Loss
Net employee benefits expense recognised in the employee cost:
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Current service cost				31.83	23.84
Interest cost on benefit obligation				14.74	12.48
Expected return on plan assets				(6.38)	(5.36)
Net actuarial loss recognized in the year			32.97	12.48
Net benefits expense				73.16	43.44
Actual return on plan assets				8.52	7.09
Balance Sheet
Benefits liability
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Present value of defined benefit obligation			(274.49)	(210.82)
Fair value of plan assets				130.49	91.93
Plan liability				(144.00)	(118.89)
Changes in the brsent value of the defined benefit obligation are as follows:
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Opening defined benefit obligation				210.82	170.03
Current service cost				31.83	23.84
Interest cost				14.74	12.48
Benefits paid				(18.01)	(9.75)
Actuarial losses on obligation				35.11	14.22
Closing defined benefit obligation				274.49	210.82
Changes in the fair value of plan assets are as follows:
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Opening fair value of plan assets				91.93	81.71
Expected return				6.37	5.95
Contribution by employer				48.06	12.28
Benefits paid				(18.01)	(9.75)
Actuarial gains				2.14	1.74
Closing fair value of plan assets				130.49	91.93
The Company expects to contribute Rs. 73.02 millions to gratuity in the next year (31 March 2015: Rs. 56.06 millions)
Current & Non-current bifurcation of provision for gratuity as per actuarial valuation is as follows:
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Current				73.02	56.06
Non-current				70.98	62.83
				144.00	118.89
The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:
				31 March 2016	31 March 2015
Investment with insurer				100%	100%
The principal assumptions used in determining gratuity for the Company's plans are shown below:
				31 March 2016	31 March 2015
Discount rate				7.80%	7.98% - 9.03%
Expected rate of return on plan assets			7.80%	7.98% - 8.70%
Employee turnover				10.00%	8.00% - 10.00%
Salary escalation				12.00%	12.00%
The estimates of future salary increases, considered in actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.
The overall expected rate of return on plan assets is determined based on the market prices brvailing on that date, applicable to the period over which the obligation is to be settled.
Amounts for the current and brvious years are as follows:
	31 March 2016	31 March 2015	31 March 2014	31 March 2013	31 March 2012
	(Rs. millions)	(Rs. millions)	(Rs. millions)	(Rs. millions)	(Rs. millions)
Gratuity
Defined benefit obligation	(274.49)	(210.82)	(170.03)	(103.30)	(66.63)
Plan assets	130.49	91.93	81.71	65.93	53.03
Deficit	(144.00)	(118.89)	(88.32)	(37.37)	(13.60)
Experience adjustments on plan liabilities	31.07	4.87	(0.50)	1.99	4.83
Experience adjustments on plan assets	2.14	1.74	0.89	5.24	2.15
b. Defined contribution plan
The Company has recognised expenses towards defined contribution plan as under
				31 March 2016	31 March 2015
				(Rs. millions)	(Rs. millions)
Contribution to provident fund				64.51	49.96

Identification of segments
The Group’s operating businesses are organized and managed separately according to the nature of products and services with each segment rebrsenting a strategic business unit that offers different products & serves different markets,

Inter-segment transfers
The Group generally accounts for intersegment sales and transfers at cost plus appropriate margins.

Allocation of common costs/ Assets & liabilities
Common allocable costs/ assets & liabilities are allocated to each segmentare consistently allocated amongst the segments on appropriate basis.

Unallocated items
Unallocated items include general corporate income & expense items which are not allocated to any business segment.

Segment accounting policies
The Group brpares its segment information in conformity with the accounting policies adopted for brparing and brsenting the consolidated financial statements of the Group as a whole.

31. Segment Information
A. Primary Segment Reporting (by Business Segment)
The Company is primarily engaged in the business of manufacture and sale Electric wires and cables. The Company has identified business segments as primary segments, namely Electric wires and cables, EPC & Others business, which in the context of Accounting Standard 17 on "Segment Reporting" constitute reportable segment.
-EPC business comprises of design, engineering, supply, execution and commissioning of power distribution & rural electrification projects.
-Other business comprises of purchase and sale of Electric wiring accessories and Electric Appliances.
										(Rs. millions)
	2015-16					2014-15
	Wires & Cables	EPC	Others	Eliminations	Total	Wires & Cables	EPC	Others	Eliminations	Total
Income
External Sales	47,182.32	2,824.75	2,166.99		52,174.06	43,887.37	1,958.21	1,235.58	-	47,081.16
Inter Segment Revenue	496.51	-	-	(496.51)	-	307.71	-	-	(307.71)	-
Total Income	47,678.83	2,824.75	2,166.99	(496.51)	52,174.06	44,195.08	1,958.21	1,235.58	(307.71)	47,081.16
SEGMENT RESULTS
Segment/Operating Results	2,732.83	412.65	413.48		3,558.96	3,387.09	203.51	(75.52)	-	3,515.08
Un-allocated Items:
Financial Income	-	-	-	-	33.30	-	-	-	-	21.47
Finance Costs	-	-	-	-	1,111.25	-	-	-	-	1,084.60
Profit before tax					2,481.01					2,451.95
Provision for Taxation	-	-	-	-	813.64	-	-	-	-	848.71
Net Profit	-	-	-	-	1,667.37			-	-	1,603.24
OTHER INFORMATION
Segment Assets	33,664.31	2,389.91	2,408.68	(1,021.99)	37,440.90	31,097.20	925.71	1,233.16	(512.33)	32,743.74
Un-allocated Assets	-	-	-	-	596.47	-	-	-	-	377.96
Total Assets					38,037.37					33,121.70
Segment Liabilities	11,508.65	1,601.49	117.84	(1,021.99)	12,205.99	9,734.29	602.60	859.79	(512.33)	10,684.35
Un-allocated Liabilities & Provisions	-	-	-	-	8,115.92	-	-	-	-	6,219.38
Total Liabilities					20,321.91	20,321.91				16,903.73
Debrciation & Amortisation Expenses	1,054.08	0.12	15.41	-	1,069.61	975.10	0.02	0.21	-	975.33
Total Cost incurred during the year to acquire Segment Assets	1,536.42	0.73	535.70	-	2,072.85	2,143.53	0.49	69.05	-	2,213.07

31 B. Secondary Segment Information
	Secondary segmental reporting is based on the geographical location of customer. The geographical segments have been disclosed based on revenues within India (sales to customers in India) and revenues outside India (sales to customer located outside India)
							(Rs. millions)
		31 March 2016		31 March 2015
		Within India	Outside India	Total	Within India	Outside India	Total
	Segment Revenue	49,101.59	3,072.47	52,174.06	44,251.51	2,829.65	47,081.16
	Segment Assets	37,330.02	707.35	38,037.37	32,558.80	562.90	33,121.70
	Capital Expenditure incurred	2,072.52	0.33	2,072.85	2,213.07	-	2,213.07