annual-report-FY2020

286 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 37. Segment information Operating Segments The reportable segments of the Company are Automotive and Farm Equipment. The segments are largely organised and managed separately according to the organisation structure that is designed based on the nature of products and services and profile of customers. Operating segments are reported in a manner consistent with the internal reporting provided to the Executive Chairman and Managing Director jointly regarded as the Chief Operating Decision Maker (“CODM”). Description of each of the reportable segments for all periods presented, is as under. (a) Automotive:- This segment comprises of sale of automobiles, spares, mobility solutions, Construction Equipment and related services; (b) Farm Equipment:- This segment comprises of sale of tractors, implements, spares and related services; (c) Others:- This segment comprise of Powerol, Two Wheelers and Spares Business Unit. The CODM evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators by operating segments. The CODM reviews revenue and gross profit as the performance indicator for all of the operating segments. The measurement of each segment’s revenues, expenses and assets is consistent with the accounting policies that are used in preparation of the financial statements. Segment profit represents the profit before interest and tax. Information regarding the Company’s reportable segments is presented below: Rupees crores Particulars 2020 2019 Automotive Farm Equipment Other Total Segment Eliminations Total Automotive Farm Equipment Other Total Segment Eliminations Total Revenue External Revenue 28,388.36 15,162.22 1,937.20 45,487.78 45,487.78 35,327.67 16,561.65 1,724.68 53,614.00 53,614.00 Inter Segment Revenue 20.27 240.23 0.53 261.03 (261.03) — 25.25 313.00 0.43 338.68 (338.68) — Total Revenue 28,408.63 15,402.45 1,937.73 45,748.81 (261.03) 45,487.78 35,352.92 16,874.65 1,725.11 53,952.68 (338.68) 53,614.00 Result Segment Result 1,263.72 2,926.23 72.58 4,262.53 4,262.53 2,027.45 3,265.11 50.77 5,343.33 5,343.33 Less: Finance costs 113.23 113.39 Add: Unallocated corporate income net of unallocated expenses 980.71 1,124.80 Exceptional items unallocable to segments (2,013.98) (29.73) Profit before tax 3,116.03 6,325.01 Income Taxes 1,785.48 1,528.97 Profit after tax 1,330.55 4,796.04 Out of total external revenue above:- Revenue from contracts with customers 45,294.76 53,345.10 Revenue from other sources 193.02 268.90 Total 45,487.78 53,614.00 OTHER INFORMATION Segment Assets 16,223.14 6,965.15 1,017.04 24,205.33 — 24,205.33 17,557.28 7,823.91 916.67 26,297.86 — 26,297.86 Unallocated Corporate Assets 26,296.73 26,399.20 Total Assets 16,223.14 6,965.15 1,017.04 24,205.33 — 50,502.06 17,557.28 7,823.91 916.67 26,297.86 — 52,697.06 Segment Liabilities 6,874.14 3,200.65 475.90 10,550.69 — 10,550.69 10,518.19 3,275.60 402.24 14,196.03 — 14,196.03 Unallocated Corporate Liabilities 5,483.53 4,291.80 Total Liabilities 6,874.14 3,200.65 475.90 10,550.69 — 16,034.22 10,518.19 3,275.60 402.24 14,196.03 — 18,487.83 Additions to non current assets 3,303.22 621.34 33.70 3,958.26 — 3,958.26 2,563.20 447.74 42.10 3,053.04 — 3,053.04 Depreciation, amortisation and impairment expense 1,807.49 322.69 30.32 2,160.50 — 2,160.50 1,508.33 291.54 22.58 1,822.45 — 1,822.45 Note:- Additions to non-current assets comprises of capital expenditure on property, plant and equipment, capital work-in-progress, intangible assets including those under development and capital advances.