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GODFREY PHILLIPS INDIA LIMITED
S
SCHEDULE 16 - Notes to the accounts (contd.)
Financial information about the primary business segments is presented in the table below:
Rupees in lacs
Cigarette and
Tea and
Total
Cigarette and | Tea and
Total
tobacco
other retail
tobacco
other retail
products
products
products
products
For the year ended March 31, 2008
For the year ended March 31, 2007
1. Segment revenue - External sales (gross)
175269.93
7191.83
182461.76
153906.13
5770.66
159676.79
Less : Excise duty
92168.56
92168.56
83528.33
83528.33
Net sales
83101.37
7191.83
90293.20
70377.80
5770.66
76148.46
Other income
1156.33
48.86
1205.19
851.92
34.78
886.70
Total
84257.70
7240.69
1498.39
71229.72
5805.44
77035.16
- Unallocable income
3966.62
2473.15
Total revenue
5465.01
79508.31
2.
Segment resul
14475.34
(898.87)
13576.47
12135.61
(651.75)
11483.86
Unallocable income net of
unallocable expense
3758.04
2325.67
Profit before interest and taxation
7334.51
3809.53
Interest expenses
(360.75)
(286.65)
Provision for taxation
5751.35
4712.46)
Profit after taxation
11222.41
8810.42
3. Other informationAs at March 31, 2008
As at March 31 2007
a) Segment assets
44253.84
1931.51
46185.35
31706.09
1701.25
83407.34
- Unallocable assets/investments
37593.87
29356.07
Total assets
83779.22
62763.41
b)
Segment liabilities
18246.85
801.69
19048.54
9927.36
569.69
10497.05
- Share capital and reserves
49995.91
41815.02
- Unallocable liabilities
14734.77
10451.34
Total liabilities
83779.22
62763.41
For the year ended March 31, 2008
For the year ended March 31, 2007
C)
Capital expenditure including
capital work in progress
4945.25
23.01
4968.26
1711.00
163.12
1874.12
d)
Depreciation
1919.9
57.53
1977.49
1828.25
78.33
1906.58
e) Non cash expenditure other than depreciation
353.95
42.50
396.45
216.26
52.55
268.8
Segment accounting policies:
In addition to the significant accounting policies applicable to the business segments as set out in Note 1 in Schedule 16, the accounting
policies in relation to segment accounting are as under:
a) Segment revenue and expenses:
Segment revenue and expenses only include items directly attributable to the segment. They do not include investment income, interest
income from inter-corporate deposits and loans given, dividend income, profit or loss on sale of investments, provision for diminution in
value of investments, interest expense (excluding those relatable to segments) and bill discounting charges, donations and provision for
taxation (current, deferred and fringe benefit tax). Since the corporate office of the Company primarily caters to the cigarette and tobacco
products segment, its expenses have been considered to be attributable to the same.
b) Segment assets and liabilities:
All segment assets and liabilities are directly attributable to the segment.
Segment assets include all operating assets used by the segment and consist principally of net fixed assets, inventories, sundry debtors,
loans and advances and operating cash and bank balances. Segment liabilities include all operating liabilities and consist principally of
creditors and accrued liabilities. Segment assets and liabilities do not include investments, inter-corporate deposits and loans given,
bank balances for unclaimed dividend and fixed deposits interest, real estate stock, share capital, reserves and surplus, loan funds,
dividends payable and income-tax (current, deferred and fringe benefit tax).
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Source: https://www.industrydocuments.ucsf.edu/docs/xybx0223

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