1. Corporate information

Jubilant Agri and Consumer Products Limited (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is wholly owned subsidiary of Jubilant Industries Limited and brsently engaged in the business of manufacturing and sale of agri and consumer products. The Company caters to both domestic and international markets.

2. Statement of Significant Accounting Policies

A. Basis of Preparation & Presentation of Financial Statements

The accounts of the Company are brpared under the historical cost convention on the accrual basis of accounting in accordance with the accounting principles generally accepted in India (GAAP) and comply with the Accounting Standards specified under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, the other relevant provisions of the Companies Act, 2013 (including provisions of Companies Act, 1956 which continue to remain in force, to the extent applicable), pronouncements of the Institute of Chartered Accountants of India, and the guidelines issued by the Securities and Exchange Board of India (SEBI), to the extent applicable. The Financial Statements are brsented as per Schedule III to the Companies Act, 2013 and in Indian rupees rounded off to the nearest million.

Use of estimates

The brparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of financial statements and the results of operations during the reporting periods. Examples of such estimate include future obligations under employee benefit plans, income taxes, useful lives of tangible assets and intangible assets, impairment of assets, valuation of derivatives, provision for doubtful debts, etc. Management believes that the estimates used in the brparation of the financial statements are prudent and reasonable. Actual results could vary from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Appropriate changes in estimates are made as the management becomes aware of the changes in circumstances surrounding the estimates. Any revision to accounting estimates is recognized prospectively in current and future periods. Effect of material changes is disclosed in the notes to the financial statements.

Current-non-current classification

All assets and liabilities are classified into current and non-current.

Assets

An asset is classified as current when it satisfies any of the following criteria:

a. it is expected to be realized in, or is intended for sale or consumption in, the Companys normal operating cycle;

b. It is held primarily for the purpose of being traded;

c. it is expected to be realized within 12 months after the reporting date; or

d. it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months   after the reporting date.

Current assets include the current portion of non-current  financial assets.

All other assets are classified as non-current.

Liabilities

A liability is classified as current when it satisfies any of the following criteria:

a. it is expected to be settled in the Companys normal operating cycle;

b. it is held primarily for the purpose of being traded;

c. it is due to be settled within 12 months after the reporting date; or

d. the company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Terms of a liability that could, at the option of the counterparty, result on its settlement by the issue of equity instruments do not affect its classification.

Current liabilities include current portion of non-current financial liabilities.

All other liabilities are classified as non-current.

Operating Cycle

Operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash equivalents.

Based on the nature of products and the time between the acquisition of assets for processing and their realization in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current-non-current classification of assets and liabilities.

B. Tangible and Intangible Fixed Assets

Fixed Assets are stated at original cost net of tax/duty credits availed, if any, less accumulated debrciation/amortization and impairment loss. The cost of fixed assets includes effects of exchange differences on long term foreign currency borrowings, freight and other incidental expenses related to the acquisition, installation and commissioning of the respective assets. Borrowing costs directly attributable to fixed assets which necessarily take a substantial period of time to get ready for their intended use are capitalized. In case of fixed assets acquired at the time of amalgamation of certain entities with Company, the same are recognized at book value in case of amalgamation in the nature of merger and at book/fair value in case of amalgamation in the nature of purchase in line with Accounting Standard 14 (AS 14) Accounting of Amalgamations.

With effect from the current year, pursuant to the amendment in AS -10, Property, Plants & Equipment, spare parts having life more than 12 months are capitalized at their respective carrying amount with the main assets and are being debrciated over remaining useful life of the main assets prospectively.

Interest on loans and other financial charges in respect of qualifying assets and expenditure incurred on start up and commissioning of the project and/ or substantial expansion up to the date of commencement of commercial production are capitalized.

Expenditure for acquisition and implementation of Software systems are recognized as part of the intangible assets.

The excess of consideration paid for acquisition over the assets minus liabilities in the acquired business is recognized as Goodwill and included under intangible assets (Fixed Assets).

C. Debrciation and Amortization

Pursuant to the Companies Act, 2013 (the Act), the Company has provided debrciation on fixed assets as per the useful life specified in Part C of Schedule II of the Act, read with Notification dated 29th August, 2014 of the Ministry of Corporate Affairs, on the original cost/ acquisition cost of assets or other amount substituted for cost except for the following classes of fixed assets which are debrciated as under:

a.  Employee perquisite related Assets: Five Years, being the period of the Perquisite Scheme.

b. Motor Vehicles under Finance Lease: Tenure of Lease or five years whichever is shorter.

Useful life so arrived at are currently reflective of the estimated useful life of the fixed assets and are not higher than the useful lives as brscribed vide Schedule II to the Companies Act, 2013.

Leasehold land is amortized over the lease period.

Software systems are being amortized over a period of five years or its useful life whichever is shorter.

Goodwill recognized pursuant to acquisition of business is amortized over ten years on straight-line basis.

Debrciation on assets added/disposed off during the year has been provided on pro-rata basis with reference to the date of addition/disposal.

D. Leases

 i) Where the Company is Lessee

Assets leased by the Company in its capacity as lessee where substantially all the risks and rewards of ownership vest in the Company are classified as finance leases. Such leases are capitalized at the inception of the lease at the lower of the fair value and the brsent value of the minimum lease payments and a liability is created for an equivalent amount. Lease payment is allocated between the liability and finance charges so as to obtain a constant periodic rate of interest on the outstanding liability for each year.

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognized as operating leases. Lease payments under operating leases are recognized in the Statement of Profit and Loss on a Straight-line basis by creating Lease Equalization Reserve. In case of change in terms/conditions of lease or surrender of part or full space, the lease equalization is readjusted retrospectively treating the lease as continuing one.

ii) Where the Company is lessor

Lease income by sub-lease of brmises is recognized in the Statement of Profit and Loss on a straight-line basis over the lease term. Costs including debrciation on lease hold improvements incurred towards such properties are recognized as expenses in the Statement of Profit and Loss.

E. Valuation of Inventories

Inventories are valued at lower of cost or net realizable value except scrap, which is valued at net estimated realizable value.

The methods of determining cost of various categories of inventories are as follows:

Raw materials	Weighted Average Method
Work-in-progress and finished goods (manufactured)	Variable Cost at weighted average including an appropriate share of variable and fixed production overheads. Fixed production overheads are included based on normal capacity of production facilities.
Finished goods (traded)	Cost of Purchases
Stores & spares and others	Weighted Average Method
Packing materials	Weighted Average Method
Goods-in-transit	Cost of Purchase

Cost includes all direct costs, cost of conversion and appropriate portion of variable and fixed production overheads and such other costs incurred as to bring the inventory to its brsent location and condition inclusive of excise duty wherever applicable.

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

The net realizable value of work-in-progress is determined with reference to the selling price of related finished products. Raw materials and other supplies held for use in the production of finished products are not written down below cost except in cases where material prices have declined and its estimated that the cost of finished goods will exceed their net realizable value.

F.  Investments

Investments that are readily realizable and are 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 other investments are classified as long-term investments. However, that part of long-term investments which is expected to be realized within 12 months after the reporting date is also brsented under Current Assets as Current portion of long term investments in consonance with current/non-current classification scheme of Schedule III.

Current Investments are carried at cost or fair value, whichever is lower. Long-term investments are carried at cost. However, provision for diminution is made to recognize a decline, other than temporary, in the value of the investment, such reduction being determined and made for each investment individually.   

G. Income Tax

Tax expense for the period, comprising current tax and deferred tax,  are included in the determination of the net profit or loss for the period.

Current Tax

Current tax expenses is based on the provisions of Income Tax Act, 1961 and judicial interbrtations thereof as at the Balance Sheet date and takes into consideration various deductions and exemptions to which the Company is entitled to as well as the reliance placed by the Company on the legal advices received by it. Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle the asset and the liability on a net basis.

Deferred Tax

Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and taxable income for the current year and reversal of timing differences for earlier years. The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the Balance Sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future; however, where there is unabsorbed debrciation or carry forward of losses, deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed at each Balance Sheet date and are written-down or written-up to reflect the amount that is reasonably/virtually certain (as the case may be) to be realized. Deferred tax assets and deferred tax liabilities are offsets when there is a legally enforceable right to set off assets against liabilities rebrsenting current tax and where the deferred tax assets and the deferred tax liabilities relate to taxes on income levied by the same governing tax laws.

H. Foreign Currency Transactions and Translations

a)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 on/or closely approximating to the date of the transaction.

b)Conversion: Foreign currency monetary items, if any are reported using the closing rate. Non-monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction; and non-monetary items which are carried at fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when the values were determined.

 c)Exchange Difference: Exchange differences arising on the settlement of monetary items, if any or on reporting such monetary items of the Company at rates different from those at which they were initially recorded during the year or reported in brvious financial statements, are recognized as income or as expenses in the year in which they arise.

d) Foreign Exchange Forward Contracts: Monetary Assets and Liabilities, if any are restated at the rate brvailing at the period end or at the spot rate at the inception of forward contract where forward cover for specific asset/liability has been taken and in respect of such forward contracts the difference between the contract rate and the spot rate at the inception of the forward contract is recognized as income or expense in Statement of Profit and Loss over the life of the contract. All other outstanding forward contracts on the closing date are mark to market and resultant loss is recognized as expense in the Statement of Profit and Loss. Mark to market gains, if any, are ignored. Any profit or loss arising on cancellation or renewal of such a forward exchange contract is recognized as income or as expense for the period.   

I. Provisions, Contingent Liabilities and Contingent Assets

The Company recognizes a provision when there is a brsent obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. Contingent liabilities are disclosed in respect of possible obligations that may arise from past events but their existence is confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent Assets are neither recognized nor disclosed in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the assets and related income are recognized in the period in which the change occurs.

J. Employee Benefits

(i)Short-term Employee Benefits: All employee benefits falling due wholly within twelve months of rendering the services are classified as short-term employee benefits, which include benefits like salaries, wages, short-term compensated absences, performance incentives etc. and are recognized as expenses in the period in which the employee renders the related service and measured accordingly.

(ii)Post-employment Benefits: Post employment benefit plans are classified into defined contribution plans and defined benefits plans in line with the requirements of AS 15 on Employee Benefits.

Gratuity and Leave Encashment

Gratuity and leave encashment which are defined benefits are recognized in the Statement of Profit and Loss based on actuarial valuation using projected unit credit method as at Balance Sheet date by an independent actuary. Actuarial gains and losses arising from the experience adjustment and change in actuarial assumption are immediately recognized in the Statement of Profit and Loss as income or expense. The gratuity liability for certain employees of one of the units of the Company is funded with Life Insurance Corporation of India.

Superannuation

Certain employees of the Company are also participants in the superannuation plan (the Plan) a defined contribution plan. Contribution made by the Company to the Plan administrated by the Trust during the year is charged to Statement of Profit and Loss.

Provident Fund

i)The Company makes contribution to the VAM EMPLOYEES PROVIDENT FUND TRUST for most of its employees, which is a defined benefit plan to the extent that the Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate. The Companys obligation in this regard is determined by an independent actuary and provided for if the circumstances indicate that the Trust may not be able to generate adequate returns to cover the interest rates notified by the Government. The Companys contribution towards Provident Fund is charged to Statement of Profit and Loss.

ii)For other employees, Provident Fund is deposited with Regional Provident Fund Commissioner. This is treated as defined contribution plan. Companys contribution to the Provident Fund is charged to Statement of Profit & Loss.

(iii)Other Long Term Employee Benefits: All employee benefits (other than post-employment benefits and termination benefits) which do not fall due within twelve months after the end of the period in which the employees render the related services are determined based on actuarial valuation using the projected unit credit method carried out at each Balance Sheet date. Actuarial losses/gains are recognized in the Statement of Profit and Loss in the year in which they arise. Accumulated compensated absences, which are expected to be availed or encashed beyond twelve months from the end of the year are treated as other long term employee benefits.

K. Borrowings Cost

Borrowing costs including incidental/ ancillary costs are recognized in the Statement of Profit and Loss in the period in which it is incurred, except where the cost is incurred for acquisition, construction or production of an asset that takes a substantial period of time to get ready for its intended use in which case it is capitalized up to the date the assets are ready for their intended use. Ancillary costs incurred in connection with the arrangement of borrowings are amortized over the period of such borrowings.

L. Revenue Recognition

Revenue from sale of products is recognized when the significant risks and rewards of ownership of the products are transferred to the buyer, recovery of the consideration is reasonably assured and the amount of revenue can be measured reliably. Revenues include excise duty and are shown net of sales tax, value added tax and trade discounts, if any.

Subsidy in respect of fertilizer, disbursed by the Central Government of India is included in turnover and the same is recognized based upon the latest notified rates and only to the extent that the realization is reasonably assured.

Dividend income is recognized when the right to receive the income is established. Income from interest on deposits, loans and interest bearing securities is recognized on time proportionate basis.

Sale of utility is recognized on delivery of the same to the purchaser and when no significant uncertainty exists as to its realization.

Export incentives/ benefits are accounted for on accrual basis in the year in which exports are made.

M. Segment Reporting

The accounting policies adopted for segment reporting are in line with accounting policies of the Company. Revenue, Expenses, Assets and Liabilities have been identified to segments on the basis of their relationship to operating activities of the segments (taking in account the nature of products and services and risks & rewards associated with them) and Internal Management Information Systems and the same is reviewed from time to time to realign the same to conform to the Business Units of the Company. Revenue, Expenses, Assets and Liabilities, which are common to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been treated as Common Revenue/Expenses/Assets/Liabilities, as the case may be.

N. Earnings Per Share

The basic earnings per share is calculated by dividing the net profit after tax for the year by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, net profit after tax during the year and the weighted average number of shares outstanding during the year are adjusted for the effect of all dilutive potential equity shares. The dilutive potential equity shares are deemed converted as of the beginning of the year unless they have been issued at a later date. The dilutive potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value (i.e. average market value of the outstanding shares). Anti dilutive effect of any potential equity shares is ignored.

O. Impairment of Fixed Assets

The Company assesses at each Balance Sheet date whether there is any indication that an asset/cash generating unit may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset/cash generating unit. If such recoverable amount of the asset or the recoverable amount of the cash generating unit is less than the carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in the Statement of Profit and Loss.

An assessment is also done at each balance sheet date whether there is any indication that an impairment loss recognized for an asset/cash generating unit in prior accounting periods may no longer exist or may have decreased. If any such indications exists, the assets/ cash generating units recoverable amount is estimated. The carrying amount of the fixed asset/ cash generating unit is increased to the revised estimate of its recoverable amount but only to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset in brvious periods. A reversal of impairment loss is recognized in the Statement of Profit and Loss.

P. Cash and cash equivalents

Cash and cash equivalents comprise cash balances on hand, cash balance with bank, and highly liquid investments with original maturities, at the date of purchase/investment, of three months or less.

42. Employee benefits have been calculated as under:

(A)Defined contribution plans

a)Provident fund*

b)Superannuation fund

During the year the Company has contributed following amounts to:

	(Rs in million)
	For the year ended 31 March 2017	For the year ended 31 March 2016
Employer's contribution to provident fund	0.99	3.57
Employer's contribution to employee pension scheme, 1995	7.92	10.55
Employer's contribution to superannuation fund	2.20	2.57

* For certain employees where provident fund is deposited with Government Authorities e.g. Regional Provident Fund Commissioner.                 

c) State plans                                                                    

During the year the Company has contributed following amounts to:     

	(Rs in million)
	For the year ended 31 March 2017	For the year ended 31 March 2016
Employer's contribution to employee state insurance	0.09	0.61

(B)Defined benefit plan

a) Compensated absences and gratuity

In accordance with Accounting Standard 15, an actuarial valuation has been carried out in respect of gratuity and compensated absences. The discount rate assumed is 7.37 %  (Previous Year: 7.90%) which is determined by reference to market yield at the Balance Sheet date on Government bonds. The retirement age has been considered at 58 to 60 years and mortality table is as per IALM (2006-08) [Previous Year:  IALM (2006-08)].

The estimates of future salary increases, considered in actuarial valuation is 9% p.a. for first three years and 5% p.a. thereafter (Previous Year: 10% p.a. for first three years and 5% p.a. thereafter)  take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

Reconciliation of opening and closing balances of the brsent value of the defined benefit obligation:                   

			( Rs in million)
	Gratuity*		Leave encashment
	31-Mar-17	31-Mar-16	31-Mar-17	31-Mar-16
Present value of obligation at the beginning of the year	67.55	69.62	35.18	36.25
Current service cost	7.42	6.97	7.31	6.77
Past service Cost	4.15	-	-	-
Interest cost	5.34	4.93	2.78	2.52
Actuarial (gain)/loss	4.2	7.12	1.69	4.28
Benefits paid	-14.91	-12.84	-9.66	-10.68
Adjustment on account of Business Transfer Agreement	-	-8.25	-	-3.96
Present value of obligation at the end of the year	73.75	67.55	37.3	35.18

Reconciliation of the brsent value of defined benefit obligation and the fair value of the plan assets:

			( Rs in million)
	Gratuity*		Leave encashment
	31-Mar-17	31-Mar-16	31-Mar-17	31-Mar-16
Present value of obligation at the end of the year	73.75	67.55	37.3	35.18
Fair value of plan assets at end of the year	-	-	-	-
Assets/(Liabilities) recognized in the Balance Sheet	-73.75	-67.55	-37.3	-35.18

Cost recognized for the year (included under salaries, wages, bonus, gratuity & allowances):     

			( Rs in million)
	Gratuity*		Leave encashment
	31-Mar-17	31-Mar-16	31-Mar-17	31-Mar-16
Current service cost	7.42	6.97	7.31	6.77
Past service Cost	4.15	-	-	-
Interest cost	5.34	4.93	2.78	2.52
Actuarial (gain)/loss	4.2	7.12	1.69	4.28
Net cost recognized during the year	21.11	19.02	11.78	13.57
*Excluding for certain employees of Sahibabad unit.

Reconciliation of opening and closing balances of the brsent value of the defined benefits obligation**:

	( Rs in million)
	Gratuity
	31-Mar-17	31-Mar-16
Present value of obligation at the beginning of the year	8.73	6.74
Current service cost	0.56	0.51
Interest cost	0.69	0.54
Actuarial (gain)/loss	0.32	0.94
Benefits paid	-0.19	-
Present value of obligation at the end of the year	10.11	8.73

Reconciliation of the brsent value of defined benefit obligation and the fair value of the plan assets**:

	( Rs in million)
	Gratuity
	31-Mar-17	31-Mar-16
Present value of obligation at the end of the year	10.11	8.73
Fair value of plan assets at end of the year	7.96	7.39
Funded status excess of actual over estimated	0.02	0.04
Assets/(Liabilities) recognized in the Balance Sheet	-2.15	-1.34

Cost recognized for the year (included under Salaries, Wages, Bonus, Gratuity & Allowances)**: (Funded with Life Insurance Corporation of India)

	( Rs in million)
	Gratuity
	31-Mar-17	31-Mar-16
Current service cost	0.56	0.51
Interest cost	0.69	0.54
Actuarial (gain)/loss	0.3	0.9
Expected return on plan assets	-0.55	-0.51
Net cost recognized during the year	1	1.44

** In respect of certain employees of Sahibabad unit.                                                   

Experience Adjustment:

			( Rs in million)
	Gratuity		Leave encashment
	31-Mar-17	31-Mar-16	31-Mar-17	31-Mar-16
Defined benefit obligation	83.86	76.27	37.3	35.18
Plan assets	7.96	7.39	-	-
Surplus/(Deficit)	-75.9	-68.88	-37.3	-35.18
Experience adjustment of plan liabilities-(loss)/gain	-2.28	-3.17	-0.43	-4.28
Experience Adjustment of plan assets-(boss)/gain	0.02	-0.04	-	-

b) Provident Fund                                                          

The Guidance on implementation of AS 15, Employee Benefits (Revised 2005) issued by Accounting Standard Board (ASB) states that benefits involving provident funds, which require interest shortfall to be compensated, are to be considered as defined benefit plans. The actuary has worked out a liability of ` Nil (Previous Year: ` Nil) likely to arise towards interest guarantee. The Trust is managing common corpus of some of the group companies. The total liability of ` Nil (Previous Year: ` Nil) as worked out by the actuary has been allocated to each entity based on the corpus value of each entity as on 31 March 2017. Accordingly, liability of ` Nil (Previous Year: ` Nil) has been allocated to the Company and ` Nil (Previous Year: ` Nil million) has been charged to Statement of Profit and Loss during the year. The Company has contributed ` 17.98 million (Previous Year: ` 16.22 million) to provident fund for the year.

(C) Other Long Term Benefits (Sick leave)                                                                                            

	(Rs in million)
	31-Mar-17	31-Mar-16
Present value of obligation at the end of the year	5.03	4.4

 43.Segment Reporting                                                                 

I) Based on the guiding principles given in Accounting Standard 17 (AS 17) on "Segment Reporting", the Company's primary business segments are organized around customers on industry and products lines as under:

a. Performance Polymers: Adhesives and Wood Finish, Food Polymer (Solid PVA), and Latex.                    

b. Agri Products: Single Super Phosphate, Sulphuric Acid and Agro Chemicals for Crop Products.                               

c. Retail: Engaged in running and maintaining hypermarkets cum malls (Refer note 31).                 

II)  In respect of secondary segment information, the Company has identified its geographical segments as:                                                                       

a. With in India, and                                                       

b. Outside India.                                                                                                                                              

III) The financial information about the primary business segments is brsented in the table given below:           

								(Rs in million)
	For the year ended/As at 31 March,	Performance Polymers		Agri Products		Retail		Total
		2017	2016	2017	2016	2017	2016	2017	2016
1)	Revenue from operations (gross)	3,816.91	3,609.08	1,378.46	1359.97	-	986.51	5195.37	5955.56
2)	Segments result	293.05	398.55	126.89	22.45	-	-213.33	419.94	207.67
	Less :
	Exceptional Items							8.62	749.36
	Interest (Finance costs)							296.23	412.08
	Other Un-allocable expenditure (net of Un-allocable income)							113.6	92.07
	Total profit/(loss) before tax	293.05	398.55	126.89	22.45	-	-213.33	1.49	-1,045.84
3)	Capital employed
	(segment assets-segment liabilities)
	Segment assets	1,875.25	1,675.12	1,267.43	1,302.16	-	-	3,142.68	2,977.28
	Add: Common assets							352.11	445.11
	Total assets	1,875.25	1,675.12	1,267.43	1,302.16	-	-	3,494.79	3,422.39
	Segment liabilities	706.62	599.72	300.85	256.33	-	-	1,007.47	856.05
	Add: Common liabilities							301.72	284.32
	Total liabilities	706.62	599.72	300.85	256.33	-	-	1,309.19	1,140.37
	Segments capital employed	1,168.63	1,075.40	966.58	1,045.83	-	-	2,135.21	2,121.23
	Add: Common capital employed							50.39	160.79
	Total capital employed	1,168.63	1,075.40	966.58	1,045.83	-	-	2,185.60	2,282.02
4)	Segment capital expenditure	75.25	87.12	28.39	5.02	-	-	103.64	92.14
	Add: Common capital expenditure							33.61	6.75
	Total capital expenditure	75.25	87.12	28.39	5.02	-	-	137.25	98.89
5)	Debrciation & amortization	37.86	31.9	42.72	43.05	-	90.85	80.58	165.8
	Add: Common debrciation & amortization							9.32	8.64
	Total debrciation & amortization (Charged to Statement of profit and loss)	37.86	31.9	42.72	43.05	-	90.85	89.9	174.44

I V) Secondary segments (geographical segments):        

		(Rs in million)
	For the year ended/As at 31 March,	2017	2016
a)	Revenue from operations (gross) by geographical location of customers
	Within India	4258.68	5036.16
	Outside India	936.69	919.4
	Total	5195.37	5955.56
b)	Carrying amount of segment assets
	Within India	3219.71	3239.66
	Outside India	275.08	182.73
	Total	3494.79	3422.39
c)	Capital expenditure
	Within India	137.25	98.89
	Outside India	-	-
	Total	137.25	98.89
d)	Revenue from operations by geographical market
	India	4258.68	5036.16
	Americas & Europe	658.92	721
	China	25.56	69.06
	Asia & Others	252.21	129.34
	Total	5195.37	5955.56

1) The Company has disclosed business segments as the primary segments.                                                      

2) Segments have been identified and reported taking into account the nature of products and services, the differing risk and returns, the organization structure and the internal financial reporting systems.

3) The segment revenues, results, assets and liabilities include the respective amounts identifiable to each of the segments and amounts allocated on a reasonable basis.