Page 1


001 014 016 020 022 050 052 064 076 082 128 167 176 182


CONSOLIDATED FINANCIAL HIGHLIGHTS

Sales.

Earnings.

Returns.

by business unit

all business units combined

all business units combined

CONSOLIDATED NET SALES IN RS. CRORE

IN RS. CRORE

IN PERCENTAGE POINTS

POWER SYSTEMS

EBIDTA*

RETURN ON CAPITAL EMPLOYED #

7,336

459

4.7

8,478

854

10.0

W 15.6%

W 86.1%

W 5.3

CONSUMER PRODUCTS

PBT ^

RETURN ON NET WORTH

2,593

185

(1.1)

2,847

495

7.0

W 9.8%

W 167.8%

W 8.1

INDUSTRIAL SYSTEMS

PROFIT / LOSS @

1,835

(36)

1,816

244

X (1.0%)

W 776.1%

all business units combined IN RS. CRORE 2013 2014

NET SALES AND SERVICE 12,094

*Earnings before interest, depreciation and amortisation, taxes and exceptional item. ^Profit before taxes and exceptional item.

13,481

@

W 11.5%

#

After exceptional item, minority interest & share of associates (net) Calculated excluding exceptional item.

C O N S O L I D AT E D H I G H L I G H T S

1


MAKING ELECTRICITY MORE PRODUCTIVE

MV SUBSTATION

7KLVLV&* A global electrical company in 85 countries, with 9,500 people. It has a collective experience of 100+ years, spanning the entire

MV SUBSTATION

spectrum of electricity and its applications. The journey starts from where electricity is generated: a river, the sun, the wind or a thermal plant. CG manages and tends electricity, preparing it to travel great distances, directing it intelligently to UIFFOEVTFSBOEIFMQJOHDPOWFSUJUFGmDJFOUMZCBDL into motive power, heat or light. $(JTBNPOHUIFXPSMETMFBEJOHNBLFSTPGVMUSB SOLAR PLANT DISTRIBUTED GENERATION

high voltage transformers and switchgear, a leading electricity provider in Europe to offshore

RENEWABLES DESPATCH

wind farms, and among the most trusted names in electrical equipment in the burgeoning Indian NBSLFU$(TUFDIOPMPHZSVOTJOUFMMJHFOUHSJET

WIND POWER PLANT DISTRIBUTED GENERATION

in Latin America’s largest photovoltaic farm in Chile and smartly distributes power to the Indian hinterland. CG manages the pumps that operate on Amsterdam’s waterways, its motors grind stone for cement and chillies for dinner, its street lighting solutions save crores of rupees for the Puducherry administration in India. Wherever CG operates, JUNBLFTFMFDUSJDJUZHFOFSBUJPOBOEDPOTVNQUJPO TNBSUFS DMFBOFSBOENPSFFGmDJFOU7KLVLV&*

2

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

RE N E WAB L E S

Shrinking the carbon footprint WIND SOLAR HYDRO


FROM GENERATOR TO LIGHT BULB KEY GENERATION UTILISATION TRANSMISSION

SU AUB S T SY TOMAT ST A I O E M TI N S ON

COMPANY CENTRAL DESPATCH

HV SUBSTATION

DISTRIBUTION

HV SUBSTATION

DI AUS T R SO TO I B U LU M A T I TI TIO O N ON N S

TRADITIONAL GENERATION MV SUBSTATION

MV SUBSTATION

FACTORY SECONDARY SUBSTATION

SECONDARY SUBSTATION

SECONDARY SUBSTATION

SECONDARY SUBSTATION

SECONDARY SUBSTATION

AIRPORT

SECONDARY SUBSTATION

SMART SECONDARY SUBSTATION ELECTRIC VEHICLE

FACTORY

HOUSE

EVSE CONTROL CENTER

EMS

FARM

S M A RT

G RI D

I N FR A ST RU C T U RE

U T I L I SAT I O N

Managing electricity systems

Building smarter cities

Using electricity efficiently

D I S T R I B U T I O N AU T O M AT I O N S U B S TAT I O N AU T O M AT I O N T R A N S I T AU T O M AT I O N

T H E E L E C T R I C A L H I G H WAY A D VA N C E D T& D L I G H T I N G S O LU T I O N S

CONSUMER INDUSTRIAL COMMERCIAL

3


SHRINKING THE CARBON FOOTPRINT

4

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


RE N E WAB L E S 7KHUDFHLVRQAs the world’s demand for electricity zooms even further, concerns about the environmental effects of generating it—and the standards of measuring the impact— BSFHSPXJOHBUBGBTUFSSBUF3VMFTBSPVOEFGmDJFODZBOEUIF adoption of renewables by suppliers are steadily developing. As a result, wind and solar are becoming mainstream, alongside the already established hydro energy. CG has been supporting this movement with creative leadership and smart solutions that connect the turbine, or the photovoltaic panel, to the grid.

Wind

3,000 MVA handled by CG solar transformers in the USA and Canada

50% of Europe’s offshore wind farms use CG transformers

42,000 MVA of wind power from over 18,000 CG wind generator transformers, worldwide

*.PZUV[VUS`HNSVIHSS`YLJVNUPZLKWYV]PKLYVM[YHUZMVYTLYZ[VVMMZOVYL^PUK WSH[MVYTZI\[PZHSZVHWYV]PKLYVM[\YURL`ZVS\[PVUZMVY[OLLU[PYLLSLJ[YPJHS PUMYHZ[Y\J[\YL0[ZTHUHNLTLU[[VVSZJHUTVUP[VY[\YIPULZHJYVZZ[OLWSHU[ HUKTH_PTPZLWLYMVYTHUJLIHZLKVUYLHS[PTLPUMVYTH[PVUÂ&#x201E;;OPZ`LHY PUUV]H[P]L*.[LJOUVSVN`KL]LSVWLKLHYSPLYMVY,\YVWL»ZVMMZOVYLWSH[MVYTZ NH]L,65HSV^^LPNO[SV^THPU[LUHUJL^H`[VJVUULJ[P[ZZLH^PUKMHYTZ [V[OLUL[^VYRÂ&#x201E;7YVQLJ[ZPU[OL5L[OLYSHUKZ-YHUJL.LYTHU`*HUHKHHUK [OL<:(HKK[VHNSP[[LYPUNSPZ[VMHJOPL]LTLU[Z^OPJONYV^ZL]LY``LHY

Solar *.PZHMYVU[Y\UULYPU\[PSP[`ZJHSLPU]LY[LY[YHUZMVYTLYZMVYZVSHYMHYTZ PU[OL<:HUKV[OLYWHY[ZVM5VY[OHUK:V\[O(TLYPJH0[Z:VSHY7(+H ZLSMJVU[HPULK\UP[PTTLYZLKPUZLLKIHZLKIPVKLNYHKHISLÃ&#x2026;\PKPZHU PUUV]H[P]LOPNOWLYMVYTHUJLWYVK\J[ZTHSSLYHUKSPNO[LY[OHUHJVU]LU[PVUHS Z\IZ[H[PVUHUKH[OHSMP[ZPUZ[HSSH[PVUHUKTHPU[LUHUJLJVZ[Â&#x201E;0U*. ILNHUZ\WWS`PUNPU]LY[LY[YHUZMVYTLYZMVYH 4>PUZ[HSSH[PVUPU*HSPMVYUPH ;OPZWYVQLJ[PZ[VWV^LYOVTLZÂ&#x201E;(ZTHU`HZ*.PU]LY[LY [YHUZMVYTLYZHYLJ\YYLU[S`VWLYH[PVUHSHJYVZZ5VY[O(TLYPJH

Hydro *.»ZPUUV]H[P]LJVZ[LMMLJ[P]LO`KYVNLULYH[VYOHZILLUKLZPNULK[VÃ&#x201E;[PU[V HTVIPSLO`KYVJVU[HPULY*.PZ^LSSWVZP[PVULK[VWLUL[YH[L[OLO`KYVTHYRL[ PU,\YVWL^P[OP[ZO`KYVNLULYH[VYZYH[LKH[R=HUKQVPU[S`KL]LSVWLK HUKTHU\MHJ[\YLKPUP[Z0UKPHHUK/\UNHY`MHJPSP[PLZ*\YYLU[S`[OLMHJPSP[PLZ HYLL_WLJ[LK[VWYVK\JLNLULYH[VYZH`LHY,\YVWL»ZPUZ[HSSLKJHWHJP[` PUO`KYVPZ.>Â&#x201E;;OLJVUJLU[YH[LKZTHSSO`KYVTHYRL[PU:,(ZPHOHZ VWLULK\W^P[OHZ[YH[LNPJ0UKVULZPHUWYVQLJ[0U0UKPH*.HSYLHK`Z\WWSPLZ [YHUZMVYTLYZ[VO`KYVWYVQLJ[ZHYV\UK[OLJV\U[Y`

5


MANAGING ENERGY SYSTEMS

6

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


SM A RT

3.75 mn smart meters ordered* worldwide * includes 2 mn installed

30,000 data concentrators are operational in the ðHOG

smart grid laboratory inaugurated in Spain

G RI D

,WÒ&#x2039;VDFRQQHFWHGZRUOG Where instant communication is a norm and thereâ&#x20AC;&#x2122;s an app for everything, energy utilities can OPMPOHFSSFNBJOUIFPOFTJ[FmUTBMM SJHJENPOPMJUITUIFZ used to be. Expect a new breed of connected devices that can sense local conditions and respond in real time, whether itâ&#x20AC;&#x2122;s line losses, outages or varying consumption patterns. Itâ&#x20AC;&#x2122;s EJHJUBMBOEQVUTUIFDPOTVNFSBUUIFDFOUSF BOE$(IBTUBLFO decisive strides towards it.

Distribution Automation *.»ZH\[VTH[PVUZVS\[PVUZHYLH[[OLOLHY[VM[OLZTHY[NYPK·ZTHY[TL[LYZ KH[HJVUJLU[YH[VYZJVTT\UPJH[PVUZHUKJOHYNPUNZ[H[PVUZ·LUHISPUN[PTLS` H\[VTH[PJTHUHNLTLU[Â&#x201E;*.^HZWHY[VM[OL^VYSK»ZÃ&#x201E;YZ[THQVYZTHY[ NYPKI`0ILYKYVSHPU:WHPUHUKHUL^VYKLYVMTPSSPVUTL[LYZMVY[OLZHTL \[PSP[`\UKLYSPULZP[ZWYLZLUJL:VKVLZ*.»ZWHY[PJPWH[PVUPUHK]HUJLK TL[LYPUNPUMYHZ[Y\J[\YLWPSV[ZHYV\UK[OL^VYSK;VKH`*.[OYV\NOA0=PZ[OL THPUZ\WWSPLYVM7904,[LJOUVSVN`ZTHY[TL[LYZHUKKH[HJVUJLU[YH[VYZ ^VYSK^PKLÂ&#x201E;*.PZL]VS]PUN[OYV\NOP[Z]HYPLKL_WLYPLUJLZHYV\UK[OL ^VYSK

Substation Automation *.»ZH\[VTH[PVUWYVK\J[Z·WYV[LJ[PVUJVU[YVSHUKJVTT\UPJH[PVU LX\PWTLU[·HYLI\PS[[V[OLJVU[LTWVYHY`Z[HUKHYKZHUKOH]LLHYULK RL`,\YVWLHUHWWYV]HSZMVYWYV[LJ[PVUHUKJVU[YVSWYVK\J[ZÂ&#x201E;;OPZ`LHY *.PUZ[HSSLKHA0=:\IZ[H[PVU(\[VTH[PVU:`Z[LTPU*OPSLH[3H[PU(TLYPJH»Z SHYNLZ[WOV[V]VS[HPJWSHU[WYV]PKPUNLUNPULLYPUNZ`Z[LTPU[LNYH[PVU JVTTPZZPVUPUNHUK[YHPUPUNÂ&#x201E;(UL^Z[H[LVM[OLHY[\UP[PU)LUNHS\Y\PZ KL]V[LK[VZTHY[NYPKKL]PJLZ[VWLUL[YH[L[OLUHZJLU[0UKPHUTHYRL[Â&#x201E;*. PZ^LSSWSHJLK[VYPKL[OLZ\YNLPUKLTHUKPU,\YVWL*.OHZHSZV^VU PTWVY[HU[VYKLYZMVYJVTWSL[LZ`Z[LTZMYVT0YHX:H\KP(YHIPHHUK0UKPH

Transit Automation *.»Z[YHUZP[H\[VTH[PVUZVS\[PVUZJVU[YVS[YHJ[PVUWV^LYPUWHZZLUNLYHUK JVTT\[LYYHPSYVHKZZ\I^H`ZSPNO[YHPS[YHJ[PVUWV^LYJVU[YVSJLU[YLZ :*(+(ZHUKH\[VTH[LKZ\IZ[H[PVULX\PWTLU[HUKZ`Z[LTZZ\JOHZ 9LTV[L;LYTPUHS<UP[Z9;<Z;OLZLZ`Z[LTZLUZ\YL[OH[LSLJ[YPJP[`[YHJRZ [OL[YHPUÂ&#x201E;;OPZ`LHY*.IHNNLKVYKLYZMVY:*(+(ZHUK9;<ZMYVT[OYLL Z[H[LZPU[OL<:Â&#x201E;*.»Z[YHUZP[ZVS\[PVUZYV\UKVMM[OLH\[VTH[PVUVMMLYPUN PUJS\KPUN[OLYHPS^H`NYPKPU[OLTP_

7


BUILDING SMARTER CITIES

8

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


IN FR A STRU C T U RE (OHFWULFDOLQIUDVWUXFWXUHPDNHVDFLW\ With each decade, the dependence of cities on electricity grows. Cities in developed economies demand more sophistication; for example, a smart grid to ‘fuel’ cars seems imminent. Emerging economy cities are catching up and leapfrogging older technology; so, a OFXMZCVJMUTUSFFUJTNPSFMJLFMZUPVTFUIFMBUFTUJOFGmDJFOU lighting. CG’s solutions address the growing complexity and scale of this infrastructure, with smart devices and systems to bridge demand and supply.

The Electrical Highway

*Frost & Sullivan Award 2014 for Competitive Strategy, Innovation & Leadership in the HV Power Transmission Market category, South East Asia DQGWKH3DFLðF

*.»Z[YHUZTPZZPVUVMMLYPUNZWHUZ[OLJP[`»ZULLKZMYVT[YHUZTPZZPVU[V LSLJ[YPJHS[YHUZWVY[H[PVU„*.LX\PWTLU[·WV^LY[YHUZMVYTLYZIYLHRLYZ PUZ[Y\TLU[H[PVUHUKH\[VTH[PVU·LX\PWZVTLVM[OLSHYNLZ[LSLJ[YPJHS [YHUZTPZZPVUSPULZHYV\UK[OL^VYSK*.ZVS\[PVUZWV^LY[OLSHYNLZ[/= LSLJ[YPJHSZ\IZ[H[PVUZMYVTR=[VR=„*.ZVS\[PVUZWV^LYLSLJ[YPJHS [YHPUZHUKJHYZ4VYL[OHU*.[YHJ[PVUTV[VYZY\UPU0UKPHHSVULPU[OL ^VYSK»ZTVZ[JVTWSL_YHPSUL[^VYR*.WYV]PKLZHU\YIHUSL]LSZVS\[PVU[V WV^LY,=JHYZJVTWSL[L^P[OJOHYNPUNZ[H[PVUZHUKKPZ[YPI\[PVUPUMYHZ[Y\J[\YL „)`LUHISPUN[OLLSLJ[YPJHSOPNO^H`*.PZOLSWPUN[VI\PSKZTHY[LYJP[PLZ

Advanced Transmission & Distribution

100,000 MVA Power Transformer capacity

*.»ZH^HYK^PUUPUNWV^LYPUMYHZ[Y\J[\YLVMMLYPUNPZHTVUN[OLTVZ[ JVTWYLOLUZP]LZ[YHKKSPUN[OLLU[PYL]VS[HNLHUKHWWSPJH[PVUYHUNL;OLYL»Z *.»ZYLUV^ULKHUKNSVIHSS`WYV]LU[YHUZMVYTLYYHUNLMVYL]LY`\ZLH ^PKLYHUNLVMZ^P[JONLHYHUH\[VTH[PVUWVY[MVSPV[\YURL`PUZ[HSSH[PVUZ HUKTHPU[LUHUJL„7SHU[ZPU[OL<:(*HUHKH0UKPH/\UNHY`)LSNP\T 0UKVULZPHHUK)YHaPSHYLWVZP[PVULK[VZ\WWS`IV[O[OLMHZ[NYV^PUNTHYRL[ZVM :,(ZPHHUK[OL4PKKSL,HZ[HUK[OLTH[\YLVULZPU,\YVWLHUK(TLYPJH„ ;OPZTP_VMSV^JVZ[OPNO[LJOWYVK\J[ZHUKZVS\[PVUZ^P[OHNSVIHSZWYLHK JVUZVSPKH[LZHZ[YVUNOPNO]VS[HNLVMMLYPUN

Lighting Solutions *.PZJOHUNPUN[OLSPNO[PUNSHUKZJHWLVM0UKPHI`^VYRPUN^P[OJP]PJIVKPLZPU ;OHUL*OHUKPNHYO(OTLKHIHKHUKLSZL^OLYLOLSWPUN[OLH\[OVYP[PLZHKVW[ LULYN`ZH]PUNSV^SPML[PTLJVZ[ZVS\[PVUZI\PS[VU3,+„*.»ZWYVK\J[ZZH]L LULYN`UV[Q\Z[I`\ZPUNSLZZLULYN`PUP[ZSPNO[PUNZVS\[PVUZI\[HSZVI`\ZPUN ZLUZVYZ[VTHUHNL\ZHNLIL[[LY[VZLUKSPNO[L_HJ[S`^OLYL^OLUHUKHZ T\JOHZPZULLKLK*P[PLZSPRL7\K\JOLYY`OH]LZH]LKTVYLI`HKKPUNZTHY[ TL[LYPUNHUKH\[VTH[PVU[V[OLTP_„>P[OP[ZPU[LYUH[PVUHS[LJOUVSVN` WHY[ULYZ*.PZJVU[PU\HSS`PTWYV]PUN[OLLJVUVTPJZLMÄJPLUJ`HUK M\UJ[PVUHSP[`VMSPNO[PUN^OL[OLYPUOVTLZZ[YLL[ZVYW\ISPJI\PSKPUNZ

9


STREAMLINING EXTREME ELECTRICITY

10

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


U LT R A

H I G H

V O LTAG E

(ZLJVUVTPLZZ^LSS^P[OTPSSPVUZVMUL^JVUZ\TLYZP[^PSSIL\W[V \[PSP[PLZ[VWYVK\JLWV^LY^OLYLP[»ZJOLHWLZ[HUK[YHUZTP[P[V]LYSVUN KPZ[HUJLZ[V^OLYLP[»ZULLKLK*.OHZHUHTIP[PV\ZWSHU[VLZ[HISPZOHU PUKPNLUV\ZR=Z`Z[LT·[OLOPNOLZ[YH[LKJSHZZVM[YHUZMVYTLYHUK Z^P[JONLHY·^OPJOHUZ^LYZ[OPZM\[\YLULLK>P[OV\YSLHKLYZOPWPUR= [YHUZMVYTLYZ[OPZPZHUL^MLH[^LHYL^VYRPUN[V^HYKZ

100th UHV transformer delivered to Power Grid Corporation of India Limited (PGCIL), in 2014

1st Indian Company to manufacture 800kV Breakers, running successfully at the Unnao substation in Uttar Pradesh, India

;OPZL_WLYPTLU[HSR=SPULOHZILLUZL[\WI`[OL7V^LY.YPK *VYWVYH[PVUVM0UKPHPUJVSSHIVYH[PVU^P[O*.HUKV[OLYJVTWHUPLZ ;OLZ\JJLZZVM[OPZWPSV[WYVQLJ[HUKHNYHK\HSZOPM[[V[OPZ[LJOUVSVN` ^PSSKLTHUKHUL^NLULYH[PVUVMLX\PWTLU[W\ZOPUN[OLMYVU[PLYZVM LUNPULLYPUN>LOH]LHSYLHK`Z\JJLZZM\SS`[LZ[JOHYNLKH[YHUZMVYTLY HJHWHJP[P]L]VS[HNL[YHUZMVYTLY*=;HUKHZ\YNLHYYLZ[LY(SVUN ^P[OM\[\YL\S[YHOPNO]VS[HNL</=JPYJ\P[IYLHRLYZHUKNHZPUZ\SH[LK Z^P[JONLHY[OLZL^PSSIL[OLIHJRIVULVM[OL0UKPHU</=PUK\Z[Y`

;OLPUH\N\YH[PVUVM[OL059TPSSPVU</=9LZLHYJO*LU[YLPU5HZOPR 0UKPHPZ[OLÃ&#x201E;YZ[Z[LW[V^HYKZHZPNUPÃ&#x201E;JHU[WYLZLUJLPUR=H[[OL L_[YLTLLUKVM[OL</=YHUNL0[PZVULVM[OLML^Z\JOMHJPSP[PLZ[OH[ PZLX\PWWLK^P[OZ[H[LVM[OLHY[PUMYHZ[Y\J[\YLPUHM[OPNOZWHJL TLHZ\YPUNZXM[PUHUHYLH[OH[PZMYLLMYVTLSLJ[YPJHSUVPZL ;OLYLZLHYJOJLU[YLMHJPSP[H[LZYLSPHISLHUKLJVUVTPJUL^WYVK\J[ KL]LSVWTLU[MVY[OLNSVIHSL_[YHOPNOHUK\S[YHOPNO]VS[HNLTHYRL[Z ZWHUUPUNR=[VR=WV^LY[YHUZTPZZPVUZ`Z[LTZ

11


USING ELECTRICITY EFFICIENTLY

12

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


U T I L I SAT I O N (IÃ&#x20AC;FLHQF\LVDQHYHU\GD\EXVLQHVV From managing the macroâ&#x20AC;&#x201D;megavolts and gridsâ&#x20AC;&#x201D;to serving the micro, in a LJUDIFO GBDUPSZPSGBSNMBOE"GBTUVSCBOJTJOH*OEJBJTBEEJOH millions of new consumers, many of whom see quality and SFMJBCJMJUZBTCBTJDT BOESVUIMFTTMZFWBMVBUFFGmDJFODZBOE FDPOPNZ$(IBTBMBSHFQPSUGPMJPPGFOFSHZFGmDJFOUQSPEVDUT the range is diverse and the brand enjoys trust. Thatâ&#x20AC;&#x2122;s why â&#x20AC;&#x2DC;smart solutionsâ&#x20AC;&#x2122; is followed by â&#x20AC;&#x2DC;strong relationships.â&#x20AC;&#x2122;

Consumer *.»ZWVY[MVSPVVMLULYN`LMÃ&#x201E;JPLU[WYVK\J[ZPUJS\KL¸Z[HY¹YH[LKK\YHISL SPNO[ZMHUZW\TWZHUKHWWSPHUJLZMVYOVTLZHUKVMÃ&#x201E;JLZ0[PZJVU[PU\HSS` PU[YVK\JPUNZTHY[LYWYVK\J[ZSPRLZ\WLYLMÃ&#x201E;JPLU[3,+I\SIZ^H[LYOLH[LYZ ^P[O[OLSV^LZ[Z[HUKPUNJVZ[ZHUKWH[LU[LK[HURKLZPNUZTHKLMYVTUHUV [LJOIHZLKTH[LYPHSZ*YVTW[VUW\TWZHYL[OLWYLMLYYLK^H`[VÃ&#x201E;SSV]LYOLHK ^H[LY[HURZPUTPSSPVUZVMOVTLZ;OL5,63(PZ0UKPH»ZÃ&#x201E;YZ[TPJYVJOPW JVU[YVSSLKTP_LYNYPUKLYLUHISPUNHU\TILYVMZTHY[H\[VTH[LKMLH[\YLZ Â&#x201E;;OL*YVTW[VUIYHUKUV[VUS`[HWZSVUNLZ[HISPZOLKSV`HS[`I\[HSZV JVU[PU\LZ[VPUUV]H[LHUKTVKLYUPZL

Industrial 4HU`VM*.»ZSHYNLYHUNLVMPUK\Z[YPHSTV[VYZMVYOV[K\Z[`HUKJVYYVZP]L PUK\Z[YPHSJVUKP[PVUZTLL[0,HUK0,LMÃ&#x201E;JPLUJ`Z[HUKHYKZHUKHYLRUV^U MVYTV]PUNSVHKZ)\[Z[VWWPUNTV[VYZYLSPHIS`HUKH[[OLYPNO[[PTLPZHSZV JY\JPHS"[OPURJYHULZOVPZ[ZHUKLSL]H[VYZ,U[LYIYHRLTV[VYZ*.»ZSH[LZ[PZ 2PIVZOHOPNOS`LMÃ&#x201E;JPLU[SVUNSHZ[PUNJVVSHUKX\PL[IYHRLTV[VYPKLHSMVY MYLX\LU[Z[VWZ[HY[JVUKP[PVUZÂ&#x201E;0[ZIYHRLRP[JHUIL\ZLK[VTVKPM`HSHYNL YHUNLVM*.TV[VYZ[VHIYHRLTV[VYPUQ\Z[TPU\[LZTHRPUNP[HJVZ[ VW[PTPZPUNPU]LZ[TLU[0[»ZHPTLKH[HU059JYVYLTHYRL[

Commercial

10 million fans sold DðUVWE\DQ,QGLDQ company.

180 SKUs launched

*.»ZYHUNLVMWYVK\J[ZMVYJVTTLYJPHSW\YWVZLZPZ^PKLHUKKLLW0[ OHZNSVIHSS`YLUV^ULKTV[VYZ[OH[\ZLUL^LMÃ&#x201E;JPLU[[LJOUVSVN`LSLNHU[ S\TPUHPYLZMVYVMÃ&#x201E;JLZHUKMHJ[VYPLZHUKHYHUNLVMW\TWZMVYMHYTZ( UL^ZSLLRYHUNLVMLMÃ&#x201E;JPLU[Z\ITLYZPISLW\TWZOHZILLUTHU\MHJ[\YLKPU Z[HPUSLZZZ[LLS[VYLZPZ[JVYYVZPVU(UV[OLYYHUNLVMW\TWZJHUILZ^P[JOLK VUVYVMM^P[OHTVIPSLWOVUL(ZO\[KV^UVYWV^LYMHPS\YLPZJVU]L`LK[V[OL MHYTLY]PHHU:4:HSLY[Â&#x201E;*.ZLY]LZKPZJLYUPUNJ\Z[VTLYZ>OL[OLYP[»ZH SHYNLI\ZPULZZVYHUPUKP]PK\HSMHYTLYL]LY`\ZLYKLZLY]LZJVU]LUPLUJL LMÃ&#x201E;JPLUJ`HUKSV^LYY\UUPUNJVZ[Z

last year, mostly in LED EDVHGð[WXUHV

13


CORPORATE INFORMATION

14

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


Board of Directors Chairman

Auditors

.;OHWHY

:OHYW ;HUUHU

Vice Chairman

Solicitors

:4;YLOHU

*YH^MVYK)H`SL` *V

CEO and Managing Director

Bankers

3+LTVY[PLY

<UPVU)HURVM0UKPH 0+)0)HUR3[K :[H[L)HURVM0UKPH 0*0*0)HUR3[K *VYWVYH[PVU)HUR ;OL9V`HS)HURVM:JV[SHUK5= *HUHYH)HUR :[HUKHYK*OHY[LYLK)HUR )HURVM4HOHYHZO[YH *YLKP[(NYPJVSL*0) @LZ)HUR3[K

Non-Executive Directors :(W[L 6.VZ^HTP )/HYPOHYHU :3HIYVV *3L^PULY 47\K\TQLL :7YHIO\ =]VU4HZZV^

Chief Financial Officer 4(JOHY`H

4Y.H\[HT;OHWHYSLM[ ^P[O4Y3H\YLU[+LTVY[PLY

Company Secretary

9LNPZ[LYLK6É&#x2030;JL

4)OVZHSL

[O-SVVY *./V\ZL +Y(UUPL)LZHU[9VHK >VYSP 4\TIHP

C O R P O R AT E I N F O R M A T I O N

15


CHAIRMANâ&#x20AC;&#x2122;S LETTER

Dear Shareholder ^YP[L[OPZSL[[LY^P[OHNYLH[LYZLUZLVM VW[PTPZT[OHUH`LHYHNV0[OHZ[VKVIV[O ^P[OL_[LYUHSMHJ[VYZHUKTHU`WVZP[P]L KL]LSVWTLU[ZYLSH[PUN[V`V\Y*VTWHU`3L[ TLZ[HY[^P[O[OLMVYTLY -@^HZ[OLZLJVUKZ\JJLZZP]L`LHYVM HIZVS\[LLJVUVTPJWHPU-VYZPTWSPJP[`0OH]L JOVZLU[VKLWPJ[[OL.+7NYV^[OYH[LZV]LY[OL SHZ[[^LS]LX\HY[LYZPU[OLJOHY[ILSV^0[WHPU[Z HZHKWPJ[\YL R ;^LS]LX\HY[LYZLHYSPLY0UKPHZ[PSSHJOPL]LK  YLHS.+7NYV^[O·SV^LY[OHUILMVYL I\[YLHZVUHISLLUV\NO;OYLL`LHYZSH[LYP[ OHKKYVWWLK[V ;OLHUU\HSYH[LZVM.+7 NYV^[OOH]LILLUT\JOILSV^^OH[[OLZL V\NO[[VIL! PU-@MVSSV^LKI`  PU-@HUK PU-@ R 4H[[LYZ^LYLMHY^VYZLPUTHU\MHJ[\YPUN[OL HJ[P]P[`[OH[JVTWYPZLZ`V\Y*VTWHU`»Z

I

I\ZPULZZ/LYLHYL[OLYH[LZVMNYV^[OPU THU\MHJ[\YPUNHJJVYKPUN[V[OL*LU[YHS :[H[PZ[PJHS6YNHUPZH[PVU! (WYPS1\UL " 1\S`:LW[LTILY"  6J[VILY+LJLTILY"HUK  1HU\HY`4HYJO-VY[OL`LHYHZH ^OVSLTHU\MHJ[\YPUNNYV^[OJSVJRLK PU -@JVTPUNHM[LY PU[OLWYL]PV\Z`LHY >O`[OLUPUZ\JOHZP[\H[PVUHT0YLHZVUHIS` VW[PTPZ[PJHIV\[[OL`LHYHOLHK&)LJH\ZL0UKPH OHZKLJPKLK[VW\[HULUK[VUVUWLYMVYTHUJL H[[OLJLU[YL0[OHZLSLJ[LKH3VR:HIOH ^OLYL[OL)OHYH[P`H1HUH[H7HY[`)17\UKLY 4Y5HYLUKYH4VKPOHZ^VUZLH[Z[O\Z ZLJ\YPUNHTHQVYP[`VUP[ZV^U>P[O[OLY\SPUN 5H[PVUHS+LTVJYH[PJ(SSPHUJLHJJV\U[PUNMVY ZLH[Z[OLYLHYLYLHZVUZ[VILSPL]L[OH[ 0UKPH^PSSÃ&#x201E;UHSS`ZLLT\JOULLKLKHJ[PVU YLMVYTZHUKWLYMVYTHUJLH[[OLJLU[YL

Q1

Q2

Q3

Q4

FY2012

16

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Q1

Q2

Q3

FY 2013

Q4

Q1

Q2

Q3

FY 2014

4.6%

4.6%

5.2%

4.7%

4.4%

4.4%

4.6%

4.5%

5.1%

6.0%

7.5%

6.5%

Quarterly GDP Growth

Q4


0UKPH»ZÄYZ[^VYSKJSHZZ H\[VTH[PVU\UP[H[)LUNHS\Y\

CHAIRMAN'S LETTER

17


Automation is the smart key to the power and industrial business

18

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;OLYLZ\S[ZVM[OLJOHUNLZ[OH[VULL_WLJ[Z [VILHUUV\UJLKPU[OLÃ&#x201E;YZ[KH`ZVM 4Y4VKP»ZNV]LYUTLU[^PSS[HRLZVTL[PTL[V WSH`V\[.P]LUWVVYTVUZVVUWYVZWLJ[Z[OL YPZLPUJY\KLVPSWYPJLZVUHJJV\U[VM[OLZ[YPML PU0YHXHUK[OLWVZZPIPSP[`VM[OL9LZLY]L)HUR VM0UKPHTHPU[HPUPUN[PNO[TVUL[HY`JVUKP[PVUZ 0UKPH^PSSWYVIHIS`ULLK[OYLLX\HY[LYZILMVYL PU]LZ[TLU[ZWPJR\W[VNLULYH[LOPNOLY LJVUVTPJNYV^[O.YV^[OPU-@TH` YLTHPUTVKLZ[)\[0HTYLHZVUHIS`JLY[HPU [OH[HZ[HNL^PSSILZL[MVYZLJ\YPUNHYLSH[P]LS` SVUNWLYPVKVM [V .+7NYV^[O^P[O WVSPJ`Z[HIPSP[` ;OH[IYPUNZTL[V[OLZ[H[LVMHMMHPYZVM`V\Y *VTWHU`7LYTP[TL[VX\V[LMYVTT`SHZ[ `LHY»ZSL[[LY[V`V\¸;OLWYVJLZZVMNSVIHSPZPUN HTHQVYI\ZPULZZKVLZUV[NL[JVTWSL[LK PUHZPUNSL`LHY¯M\SSÃ&#x2026;LKNLKYLZ[Y\J[\YPUN MVYJYLH[PUNHNYLH[LYHUKTVYLLMÃ&#x201E;JPLU[ NSVIHSMVV[WYPU[[HRLZ[PTL¹0HSZV^YV[L ¸;OLYLPZUVYLHZVU^O``V\Y*VTWHU`»Z NSVIHSTHUHNLTLU[[LHTJHUUV[LMMLJ[[OL

[\YUHYV\UKPU-@HUKKLSP]LYIL[[LYYLZ\S[Z MVY[OLZOHYLOVSKLYZ¹ 0HTOHWW`[VZ[H[L[OH[`V\Y*VTWHU`OHZ Z[HY[LKKLSP]LYPUNIL[[LYYLZ\S[Z/LYLHYLZVTL RL`MHJ[ZMYVT*.»ZJVUZVSPKH[LKWYVÃ&#x201E;[HUK SVZZHJJV\U[! R 5L[ZHSLZHUKPUJVTLMYVTZLY]PJLZOHZ NYV^UI` [V9ZJYVYLPU-@ 0UJPKLU[HSS`[OPZPZ[OLMV\Y[OZ\JJLZZP]L`LHY ^OLU*.»ZJVUZVSPKH[LK[VWSPULOHZL_JLLKLK <: IPSSPVU R 6WLYH[PUN,)0+;(OHZPUJYLHZLKI` 

[V9ZJYVYLPU-@HUKI` [V <: TPSSPVU;OLYH[PVVM,)0+;(L_JS\KPUN V[OLYPUJVTL[VUL[ZHSLZOHZYPZLUI`  WLYJLU[HNLWVPU[Z[V  R 6WLYH[PUN7); ILMVYLL_JLW[PVUHSP[LT OHZHSTVZ[[YLISLK[V9ZJYVYLPU-@" HUKPUJYLHZLKI` [V<: TPSSPVU R 7(; ILMVYLTPUVYP[`PU[LYLZ[ZZOHYLVM HZZVJPH[LKJVTWHUPLZHUKL_JLW[PVUHSP[LT OHZTVYL[OHU[YLISLK[V9ZJYVYL0U


/PNO=VS[HNL.HZ0UZ\SH[LK :^P[JONLHYMVYº,_WVY[0TWVY[ 0UK\Z[YPHS7HYR»)LUNHS\Y\

[LYTZVM<:KVSSHYZP[OHZNYV^UI` [V <: TPSSPVU R 96*, OHZYPZLUI`WLYJLU[HNLWVPU[Z[V YLHJO HUKJHZO96*,OHZPUJYLHZLKI` WLYJLU[HNLWVPU[Z[V  0[PZ[OLILNPUUPUNVMHSVUNWH[O>OLU0ZLL [OLNYHK\HSPTWYV]LTLU[VM`V\Y*VTWHU`0 HTYLTPUKLKVMHZP[\H[PVU^OLYLVULPZ[Y`PUN [VZPT\S[HULV\ZS`YLLUNPULLY[\YUHYV\UKHUK HJJLSLYH[LHZ\WLY[HURLYPUOLH]`ZLHZ^P[O OLHK^PUKZ0[PZHKPMÃ&#x201E;J\S[[HZR@L[0HTZLLPUN JOHUNLZ(UKJHUL_WLJ[IL[[LYKH`ZHOLHK 0TWVY[HU[WHY[ZVM*.»ZWV^LYWYVK\J[Z I\ZPULZZOH]LKVUL^LSS7SHU[ZPU0UKPHHUK 0UKVULZPHOH]LWLYMVYTLKL_JLSSLU[S`HUK JVU[PU\L[VYLTHPUWYVÃ&#x201E;[HISL:V[VV[OL<: VWLYH[PVUZ;OLMHJPSP[`PU/\UNHY`^OPJOOHZ ILLUZPNUPÃ&#x201E;JHU[S`TVKLYUPZLKHUKL_WHUKLK PZZOV^PUNZPNUZVMZ[HIPSPZPUN"HZPZ[OLVUL H[4LJOLSLUPU)LSNP\THM[LYSHZ[`LHY»Z YLZ[Y\J[\YPUN:VTLWSHU[ZOH]LJVU[PU\LK[V

OH]LWYVISLTZZ\JOHZ[OL*HUHKPHUMHJPSP[` H[>PUUPWLN;OLZL^PSSILHKKYLZZLKPU[OL JV\YZLVM-@;OLKPZ[YPI\[PVU[YHUZMVYTLY I\ZPULZZPZHSZVMHJPUNOLHK^PUKZPU[LYTZVM VYKLYZ^OPJOOHZT\JO[VKV^P[OHZ\IK\LK LJVUVTPJLU]PYVUTLU[PU,\YVWL(Z[OL ZP[\H[PVUPTWYV]LZ0L_WLJ[[OPZI\ZPULZZ[VKV IL[[LY ;OLWV^LYZ`Z[LTZI\ZPULZZOHZHSZVKVUL ^LSSPU,\YVWL4PKKSL,HZ[HUK5VY[O(MYPJH HUK0UKVULZPH*.OHZ^VUH]LY`PTWVY[HU[ WYVQLJ[JHSSLK.LTPUPPU[OL5L[OLYSHUKZ ^OPJOPU]VS]LZZ\WWS`PUNHUKZL[[PUN\W VMMZOVYLHUKVUZOVYLZ\IZ[H[PVUZHUKKVPUN \UKLY^H[LYJHISPUN0ZLL[YLTLUKV\ZZJVWL MVY[OLZ`Z[LTZI\ZPULZZLZWLJPHSS`PUP[Z HIPSP[`[VIYPUNPU[VWSH`WYVK\J[ZLUNPULLYPUN H\[VTH[PVUHUK,7* A0=`V\Y*VTWHU`»ZHJX\PZP[PVUPU-@ ^OPJOZWLHYOLHKZ[OLH\[VTH[PVUI\ZPULZZ PZHSZVZOV^PUNZ\JJLZZ+LTHUKOHZWPJRLK \WPU,\YVWL"[OLYLOHZILLULU[Y`PULTLYNPUN LJVUVTPLZPUJS\KPUN0UKPH"[OLUL^MHJPSP[`PU )LUNHS\Y\PZUV^YLHK`[VWYVK\JL\UP[ZV\[VM 0UKPHMVY:V\[O(ZPH[OL4PKKSL,HZ[HUK:V\[O ,HZ[(ZPH"HUK^LHYLZLLPUNA0=»ZWYVK\J[ZHZ RL`[VZTHY[NYPKZHUKPUWYV]PKPUNPU[LSSPNLU[ ZVS\[PVUZ[VTV[VYZHUKKYP]LZ 0ZLLH\[VTH[PVUHZ[OLºZTHY[»RL`[V[OL WV^LYHUK[OLPUK\Z[YPHSZ`Z[LTZI\ZPULZZ ;OLYPNO[Z\P[LVMH\[VTH[PVUWYVK\J[Z^PSSHSSV^ *.[VVMMLY]HYPV\Z[`WLZVMZTHY[PU[LYMHJLZ PULSLJ[YVTLJOHUPJHSWYVK\J[ZHUKZ`Z[LTZ HUKNVHSVUN^H`PU[OLL]VS\[PVUVMPU[LSSPNLU[ THJOPULZHUKZTHY[NYPKZ0L_WLJ[T\JOV\[VM H\[VTH[PVU (S[OV\NO0UK\Z[YPHS:`Z[LTZMHJLK OLHK^PUKZPU-@`V\Y*VTWHU`OHZ ZL[\W[^V^VYSKJSHZZNSVIHSTHU\MHJ[\YPUN MHJPSP[PLZH[4HUKPKLLW)OVWHS;OLZL^PSS HSSV^[OLI\ZPULZZ[VWYVK\JLHUKZLSSILZ[ PUJSHZZTV[VYZHUKKYP]LZ[VKPMMLYLU[WHY[Z VM[OL^VYSK0ILSPL]L[OH[[OLKV^U[\YUPU[OL I\ZPULZZPZ[LTWVYHY`"HUK^LZOV\SKZLL IL[[LYWLYMVYTHUJLPU[OLM\[\YL ;OL*VUZ\TLY7YVK\J[ZI\ZPULZZOHZ NYV^U[OV\NOH[HSLZZLYWHJL[OHUILMVYL 5L]LY[OLSLZZP[NYL^H[HU,)0+;(HUK,)0; NYLH[LY[OHU HUKH]LY`OLHS[O`PUK\Z[Y` SLHKPUN[YPWSLKPNP[96*, ;OLTHQVY[HZRVM[OPZI\ZPULZZPZ[VJYLH[L HZPNUPÃ&#x201E;JHU[THYRL[PUNVYNHUPZH[PVUHUK[V M\UKHTLU[HSS`YLZ[Y\J[\YLP[ZLSMMYVTILPUNH ºMHJ[VY`KYP]LU»LU[P[`[VHK`UHTPJºJ\Z[VTLY KYP]LU»LU[LYWYPZLUVKPMMLYLU[MYVTV[OLYZ[OH[

ZLSSJVUZ\TLYK\YHISLZ;OPZ^VYROHZILN\U0 L_WLJ[[VZ[HY[ZLLPUNYLZ\S[ZMYVT[OLMVSSV^PUN `LHY:PTWS`W\[*VUZ\TLY7YVK\J[ZT\Z[ ILJVTLHK`UHTPJTHYRL[KYP]LUZ[HUKHSVUL I\ZPULZZJYHM[LKMVY[OLZ[JLU[\Y` 3L[TLLUKI`OPNOSPNO[PUNHTHQVYJOHSSLUNL MVY`V\Y*VTWHU`*.»ZZLUPVYTHUHNLTLU[ PZUV[NL[[PUNHU``V\UNLY0[T\Z[WSHUMVY[OL M\[\YLHUKHJJLSLYH[L[OLWYVJLZZVMPKLU[PM`PUN HUKZLSLJ[PUNZLUPVYTHUHNLYZMYVT^P[OPU HUKV\[ZPKL[VSLHKP[V]LY[OLUL_[KLJHKL :\JOWLVWSLOH]L[VIL`V\UNK`UHTPJ Ã&#x2026;L_PISLPU[LYUH[PVUHSHUKMVYL]LYJVTTP[[LK[V KLSP]LYPUNJOHSSLUNPUNNVHSZ(SZV[OLYLULLKZ [VILTVYL^VTLULTWSV`LLZHJYVZZ*. LZWLJPHSS`H[[OL[VW[OYLLSL]LSZ;OL)VHYK HUK0OH]LZWLJPÃ&#x201E;JHSS`HZRLK`V\Y*,6HUK 4HUHNPUN+PYLJ[VY[VIYPUNHIV\[[OPZ[YHUZP[PVU X\PJRS`HUKLMÃ&#x201E;JPLU[S` *.OHZKVULIL[[LY[OHUSHZ[`LHY)\[P[PZ[OL ILNPUUPUNVM[OLJSPTIIHJR[V[OL[VW>L^PSS NL[[OLYL·WLYOHWZMHZ[LY[OHU^L[OPUR (ZHS^H`Z[OHUR`V\MVY`V\YZ\WWVY[ @V\YZZPUJLYLS`

.H\[HT;OHWHY */(094(5

CHAIRMAN'S LETTER

19


EXECUTIVE COMMITTEE

20

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


STANDING (FROM LEFT TO RIGHT)

Ravi Rajagopal ,_LJ\[P]L=PJL7YLZPKLU[ .SVIHS/LHK 3LNHS.V]LYUHUJL 9PZR

Sanjay Jorapur ,_LJ\[P]L=PJL7YLZPKLU[ .SVIHS/LHK /\THU9LZV\YJLZ

Jayant Kulkarni ,_LJ\[P]L=PJL7YLZPKLU[ 7YLZPKLU[ 7V^LY)\ZPULZZ<UP[

Norberto Santiago Elustondo ,_LJ\[P]L=PJL7YLZPKLU[ 7YLZPKLU[ (\[VTH[PVU)\ZPULZZ<UP[

Ash Gupta ,_LJ\[P]L=PJL7YLZPKLU[ 7YLZPKLU[ *VUZ\TLY)\ZPULZZ<UP[

SITTING (FROM LEFT TO RIGHT)

Dileep Patil ,_LJ\[P]L=PJL7YLZPKLU[ *OPLM;LJOUVSVN`6É&#x2030;JLY

Laurent Demortier *,6 4HUHNPUN+PYLJ[VY

Madhav Acharya ,_LJ\[P]L=PJL7YLZPKLU[ *OPLM-PUHUJPHS6É&#x2030;JLY *OPLM0UMVYTH[PVU6É&#x2030;JLY

Anil Raina ,_LJ\[P]L=PJL7YLZPKLU[ 7YLZPKLU[ 0UK\Z[YPHS)\ZPULZZ<UP[

EXECUTIVE COMMITTEE

21


MANAGEMENT DISCUSSION & ANALYSIS

Crompton Greaves Limited (â&#x20AC;&#x2DC;CGâ&#x20AC;&#x2122; or the â&#x20AC;&#x2DC;the Companyâ&#x20AC;&#x2122;) is a global enterprise providing end-to-end solutions to utilities, industries and consumers for management and application of electrical energy, in an efficient and sustainable manner. .WYV]PKLZOPNOS`KPMMLYLU[PH[LK WYVK\J[ZHUKZLY]PJLZJV]LYPUN[OL LU[PYL]HS\LJOHPUVMLSLJ[YPJHSVMMLYPUNZ MYVT\S[YHOPNO]VS[HNL</=OPNO]VS[HNL /=TLKP\T]VS[HNL4=HUKSV^]VS[HNL3= ;O\Z[OL*VTWHU`»ZKP]LYZLWVY[MVSPVILULÃ&#x201E;[Z JVUZ\TLYZHJYVZZ[OLLSLJ[YPJP[`Z\WWS` SPMLJ`JSL·MYVTNLULYH[PVU[V[YHUZWVY[H[PVU [VLUK\ZLYZ4VYLV]LY*.VMMLYZH JVTWYLOLUZP]LZ\P[LVMH\[VTH[PVUZVS\[PVUZ MVYLMÃ&#x201E;JPLU[LSLJ[YPJHSKPZ[YPI\[PVU0[ZJ\Z[VTLYZ JV]LYTHQVY\[PSP[PLZHUKPUK\Z[YPLZHJYVZZ[OL NSVILPUNLULYH[PVU[YHUZTPZZPVUKPZ[YPI\[PVU YLUL^HISLZVPSHUKNHZJLTLU[TL[HSZHUK TPUPUNHUK[OL[YHUZWVY[H[PVUZLJ[VY ;OL*.*VUZ\TLYI\ZPULZZTLL[Z[OL LSLJ[YPJHSULLKZVMPUKP]PK\HSZHUKOV\ZLOVSKZ [OYV\NOH]HYPL[`VMLUK\ZLYLSLJ[YPJHS WYVK\J[ZZVSK\UKLY[OLIYHUK*YVTW[VU· ^OPJOOHZILLUHOV\ZLOVSKUHTLPU0UKPHMVY THU``LHYZ *.OHZTHU\MHJ[\YPUNZ`Z[LTZZLY]PJLZ HUKZHSLZMHJPSP[PLZH[SVJH[PVUZZWYLHK HJYVZZJVU[PULU[Z0[KVLZI\ZPULZZPU JV\U[YPLZHJYVZZ[OL^VYSK

C

The CG Organisation *.»ZVMMLYPUNZHYLI\PS[HYV\UKP[ZZ[YH[LNPJ )\ZPULZZ<UP[Z)<Z!7V^LY0UK\Z[YPHSHUK *VUZ\TLY,HJO)<PZYLZWVUZPISLMVYYL]LU\L

22

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

NYV^[OWYVÃ&#x201E;[HIPSP[`HUKJHWP[HSLMÃ&#x201E;JPLUJ` [OYV\NOZ[YH[LNPJSL]LYZHUKI\ZPULZZHJ[P]P[PLZ ;OLZLPU]VS]LHTVUNV[OLYZNLVNYHWOPJHS L_WHUZPVUVMTHYRL[ZHUK[OLTHU\MHJ[\YPUN MVV[WYPU[KLZPNU[LJOUVSVN`Z\WWS`JOHPU THU\MHJ[\YPUNZHSLZZ\WWVY[[LUKLYPUNHUK X\V[H[PVUZJVU[YHJ[THUHNLTLU[PUZ[HSSH[PVU [LZ[PUNHUKJVTTPZZPVUPUNMVY[OLWYVK\J[Z

Power Systems 3L]LYHNPUNH]LY[PJHSS`HUKOVYPaVU[HSS` PU[LNYH[LKTVKLS*.»Z7V^LY)<VMMLYZHU L_[LUZP]LWVY[MVSPVVMTHU\MHJ[\YLKLX\PWTLU[ YHUNPUNMYVTOPNO]VS[HNL[YHUZTPZZPVU WYVK\J[Z[V[OVZLULLKLKMVYKPZ[YPI\[PVU HZ^LSSHZPU[LNYH[LKZVS\[PVUZMVYUL[^VYR THUHNLTLU[0[ZVWLYH[PVUZJHUILJSHZZPÃ&#x201E;LK PU[VMV\YKP]PZPVUZ! R 7YVK\J[ZJVTWYPZPUN7V^LY;YHUZMVYTLYZ

,/=:^P[JONLHY4=:^P[JONLHYHUK +PZ[YPI\[PVU;YHUZMVYTLYZ0[OHZMHJPSP[PLZPU 4LJOLSLU)LSNP\T[OLZ[H[LVM9PV.YHUKL KV:\S)YHaPS>PUUPWLN*HUHKH;HWPVZaLSL /\UNHY`)VNVY0UKVULZPH*H]HU0YLSHUK :H\KP(YHIPH>HZOPUN[VU4PZZV\YP<:(HUK PU0UKPHH[2HUQ\Y4HYN4\TIHP4HSHUW\Y HUK4HUKPKLLW4HKO`H7YHKLZO5HZOPRHUK (\YHUNHIHK4HOHYHZO[YH R :`Z[LTZHUK:VS\[PVUZ^OPJOWYV]PKL JVTWYLOLUZP]L[\YURL`ZVS\[PVUZHUKZLY]PJLZ

9Z JYVYLPZ 9Z TPSSPVU -@ Z[HUKZ 9ZJYVYLPZ9ZTPSSPVU-@Z[HUKZ MVYMPZJHS`LHYPLMYVT(WYPS MVYMPZJHS`LHYPLMYVT (WYPS  [V4HYJOHUHSVNV\ZS`-@HUK [V 4HYJO HUHSVNV\ZS`-@HUK V[OLYMPZJHS`LHYZ(SSMPN\YLZPU<: MVY-@ V[OLYMPZJHS`LHYZ(SSMPN\YLZPU<: MVY-@ HYL[YHUZSH[LKH[HUH]LYHNLL_JOHUNLYH[L VM<: $-VY-@[OLZLHYL VM<:  $ -VY-@[OLZLHYL [YHUZSH[LKH[<: $9Z [YHUZSH[LKH[<:  $ 9Z


BU S I N E S S P E R F O R M A N C E F Y 2 0 1 4

UNEXECUTED ORDER BOOK

NET SALES & SERVICES

EBIDTA

Rs.9,293 crore W 1.8%

Rs.13,481 crore W 11.5%

Rs.854 crore W 86.1%

;OL\UL_LJ\[LKVYKLYIVVR<,6) ;OL\UL_LJ\[LKVYKLYIVVR<,6)HZVU 4HYJO^HZH[9Z  JYVYL JYVYLVY  OPNOLYJVTWHYLK[V[OLWYL]PV\Z`LHY OPNOLYJVTWHYLK[V[OLWYL]PV\Z`

 P]LU[OLT\[LKLJVUVTPJZP[\H[PVUHJYVZZTVZ[ . VM[OLKL]LSVWLK^VYSK^OPJOOHWWLU[VIL *.»ZTHYRL[ZHZ^LSSHZPU0UKPH[OL*VTWHU` OHZKVUL^LSS[VPUJYLHZLUL[ZHSLZHUKZLY]PJLZ I` [V9ZJYVYLPU-@;OPZ [YHUZSH[LZ[V<: IPSSPVU

;OLYLOHZILLUHZPNUPÃ&#x201E;JHU[\W[\YUPU*.»Z LHYUPUNZILMVYLPU[LYLZ[KLWYLJPH[PVU[H_LZHUK HTVY[PZH[PVU,)0+;(;OPZOHZNYV^UI`V]LY  [V9ZJYVYLPU-@PUJS\KPUN6[OLY 0UJVTL

EBIDTA (EXCLUDING OTHER INCOME)

PROFIT BEFORE INTEREST & TAX

PBT (BEFORE EXCEPTIONAL ITEM)

Rs.682 crore W 78.0%

Rs.591 crore W 131.3%

Rs.495 crore W 167.8%

,_JS\KPUN6[OLY0UJVTL,)0+;(N ,_JS\KPUN6[OLY0UJVTL,)0+;(NYL^I`  [V9ZJYVYL

/LUJLWYVÃ&#x201E;[ZILMVYLPU[LYLZ[HUK[H_LZ7)0; OHZYPZLU [V9Z JYVYLPU-@

:PTPSHYS`[OLYLOHZILLUHZOHYWNYV^[OPUWYVÃ&#x201E;[ ILMVYL[H_LZ7);ILMVYLL_JLW[PVUHSP[LTZ;OPZ OHZPUJYLHZLKI`HSTVZ[ [V9Z JYVYL PU-@

PROFIT AFTER TAX

RETURN ON CAPITAL EMPLOYED

Rs.244 crore W776.1%

10.0% W 5.3pp*

7YVÃ&#x201E;[HM[LY[H_LZUL[VMTPUVYP[`PU[LYLZ[ZHUK 7YVÃ&#x201E;[HM[LY[H_LZUL[VMTPUVYP[`PU[LYLZ[ZHUK ZOHYLVMWYVÃ&#x201E;[SVZZVMHZZVJPH[LJVTWHUPLZI\[ L_JS\KPUNL_[YHVYKPUHY`P[LTZVY7(;OHZTV]LK MYVTSVZZLZPU[OLWYL]PV\Z`LHY[VWYVÃ&#x201E;[ZVM 9ZJYVYLPU-@

:PNUPÃ&#x201E;JHU[S`IL[[LYWLYMVYTHUJLV]LYHSSOHZ :PNUPÃ&#x201E;JHU[S`IL[[LYWLYMVYTHUJLV]LYHSSOHZ SLK[V[OLYL[\YUVUJHWP[HSLTWSV`LK96*, SLK[V[OLYL[\YUVUJHWP[HSLTWSV`LK96*, PTWYV]PUNI`WLYJLU[HNLWVPU[Z[V PU PTWYV]PUNI`WLYJLU[HNLWVPU[Z[V P -@

EARNINGS PER SHARE**

Rs.3.86 W789.3% ,HYUPUNZWLYZOHYL ,7:L_JS\KPUNL_[YHVYKP ,HYUPUNZWLYZOHYL,7:L_JS\KPUNL_[YHVYKPUHY` P[LTZOHZ[\YULKHYV\UKMYVTHSVZZVM9ZPU P[LTZOHZ[\YULKHYV\UKMYVTHSVZZVM9Z [OLWYL]PV\Z`LHY[V9ZPU-@

5V[L!-PN\YLZMVY-@OH]L 5V[L!-PN\YLZMVY-@OH]LILLU YLNYV\WLK^OLYL]LYULJLZZHY`PU YLNYV\WLK^OLYL]LYULJLZZHY VYKLY[VTHRL[OLTJVTWHYHISL VYKLY[VTHRL[OLTJVTWHYHI ^P[O[OVZLVM-@ 7LYJLU[HNL7VPU[Z *HSJ\SH[LKVU[OLIHZPZVM ^LPNO[LKH]LYHNLU\TILYVMZOHYLZ ^LPNO[LKH]LYHNLU\TILYVMZ

6]LY[YHUZMVYTLYZZ\WWSPLK HUKPUZ[HSSLK^VYSK^PKLPU^PUK VÉ&#x2C6;ZOVYLWYVQLJ[Z

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

23


MVYKLZPNUTHU\MHJ[\YLZ\WWS`JVUZ[Y\J[PVU PUZ[HSSH[PVU[LZ[PUNJVTTPZZPVUPUNHUK ZLY]PJPUNVMSHYNLZJHSL[\YURL`WYVQLJ[Z0[ OHZVMÃ&#x201E;JLZPU4LJOLSLU)LSNP\T)\KHWLZ[ /\UNHY`:[VJRWVY[<21HRHY[H0UKVULZPH :H\KP(YHIPH5L^@VYR7LUUZ`S]HUPHHUK ;L_HZ<:(HUK.\YNHVU/HY`HUH R (\[VTH[PVU^OPJOWYV]PKLZLX\PWTLU[ HUKZLY]PJLZ[VTHUHNLHUKJVU[YVS[OLÃ&#x2026;V^VM LSLJ[YPJP[`PU[YHUZTPZZPVUHUKKPZ[YPI\[PVUNYPKZ 0[HSZVWYV]PKLZKPNP[PZLKH\[VTH[PVUZVS\[PVUZ MVYWV^LY\[PSP[PLZYHWPK[YHUZWVY[ZLY]PJLZHUK V[OLYYLSH[LKHJ[P]P[PLZ0[OHZMHJPSP[PLZPU5P[LYVP )YHaPS+\ISPU0YLSHUK)HYJLSVUH:WHPU :WYPUNÃ&#x201E;LSK5L^1LYZL`<:(HUK)LUNHS\Y\ 2HYUH[HRH R :LY]PJLZJVTWYPZPUNYL[YVÃ&#x201E;[HUK

THPU[LUHUJLZVS\[PVUTLHZ\YLTLU[HUK KPHNUVZ[PJZVMLSLJ[YPJHSZ`Z[LTZÃ&#x201E;LSKZLY]PJLZ ZWHYLWHY[ZZHSLHUK[YHPUPUNYLSH[LKZLY]PJLZ 0[OHZMHJPSP[PLZPU[OL<UP[LK(YHI,TPYH[LZ <(,>HZOPUN[VU4PZZV\YP<:(4HKYPK :WHPU:[VJRWVY[<2*OHYSLYVP)LSNP\THUK -LJHTW-YHUJL;OLKP]PZPVUVMMLYZZLY]PJLZ

24

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

^OLYL[OLJ\Z[VTLYPZIHZLKKPYLJ[S`VY [OYV\NOP[ZZLY]PJLWHY[ULYZ 7V^LY)<HSZVY\UZHKPZ[YPI\[PVUMYHUJOPZLH[ 1HSNHVU4HOHYHZO[YH ;OLLUK[VLUKZVS\[PVUJVTWL[LUJ`MYVT :`Z[LTZHUK:VS\[PVUZ(\[VTH[PVUHUK :LY]PJLZI\ZPULZZ[VNL[OLYJVTWSL[L[OL VMMLYPUNMVYJ\Z[VTLYZ·MYVTTLL[PUNWYVK\J[ ULLKZ[VPUZ[HSSH[PVUJVUULJ[PVUTHPU[LUHUJL HUKZLY]PJPUNHJYVZZ[OLSPMLJ`JSLVM[OL LX\PWTLU[VYZ\IZ[H[PVUZ ;OL(\[VTH[PVUI\ZPULZZSPLZH[[OLJVYL VM*.»ZZ[YH[LN`[VWYVTV[LZTHY[LYNYPKZMVY PUJYLHZLKLULYN`LMÃ&#x201E;JPLUJ`;OPZI\ZPULZZ OHZYLJVYKLKZPNUPÃ&#x201E;JHU[NYV^[OV]LYSHZ[`LHY" NYV^PUNP[ZZHSLZI` HUKVYKLYPUW\[ I` 0[PZOV^L]LYUV[`L[HYLWVY[HISL ZLNTLU[PUÃ&#x201E;UHUJPHSHUKHJJV\U[PUN[LYTZHUK OLUJLP[ZVWLYH[PVUZHYLYLWVY[LK\UKLY[OL 7V^LY)<^P[O^OVTP[SL]LYHNLZTH_PT\T Z`ULYN`*.L_WLJ[Z[OPZI\ZPULZZ[VWSH`HU PUJYLHZPUNS`ZPNUPÃ&#x201E;JHU[YVSLPU[OLM\[\YL

Industrial Systems 0UK\Z[YPHS:`Z[LTZWYV]PKLLX\PWTLU[HUK ZLY]PJLZMVYLULYN`JVU]LYZPVUMVYPUK\Z[YPHS HWWSPJH[PVUZ;OL)<OHZ[OYLL]LY[PJHSZ! R 7YVK\J[ZJVTWYPZPUNOPNO[LUZPVU/; TV[VYZYHUNPUN\W[V4>"SV^[LUZPVU 3;TV[VYZYHUNPUN\W[V4>"MYHJ[PVUHS OVYZLWV^LY-/7TV[VYZ"KPYLJ[J\YYLU[+* TV[VYZ"(*NLULYH[VYZ"[YHJ[PVUTHJOPULZ MVYYHPS^H`[YHUZWVY[H[PVU"HUKZ[HTWPUN WYVK\J[Z0[OHZMHJPSP[PLZH[;HWPVZaLSL /\UNHY`4HUKPKLLWHUK7P[OHTW\Y4HKO`H 7YHKLZO2HUQ\Y4HYN4\TIHP4HOHYHZO[YH (OTLKUHNHY4HOHYHZO[YHHUK*VS]HSLHUK 2\UKHPT.VH R +YP]LZHUK0UK\Z[YPHS(\[VTH[PVU^OPJO

PU]VS]LZ(*HUK+*KYP]LZ]HYPHISLMYLX\LUJ` KYP]LZZVS\[PVUZIHZLKVUPUZ\SH[LKNH[LIP WVSHY[YHUZPZ[VY0.);[LJOUVSVN`HUK[YHJ[PVU LSLJ[YVUPJZMVY[OLYHPS^H`Z0[OHZMHJPSP[PLZH[ /LSZPUNIVYN:^LKLUHUKH[4HUKPKLLWHUK 7P[OHTW\Y4HKO`H7YHKLZO


CGâ&#x20AC;&#x2122;s Strategic Initiatives

5\TLYPJHSS`JVU[YVSSLK HK]HUJLKTHU\MHJ[\YPUN H[[OL+PZ[YPI\[PVU ;YHUZMVYTLYMHJPSP[` )LSNP\T

R :LY]PJLZMVYHSS[OLHIV]LWYVK\J[Z

PUJS\KPUN[OLJVUKP[PVUTVUP[VYPUNHUK[YHPUPUN TVK\SLZMVYTHPU[LUHUJL

Consumer Products ;OL*VUZ\TLY7YVK\J[Z)<WYV]PKLZ LX\PWTLU[HUKZLY]PJLZMVYOVTLHUKPUK\Z[YPHS HWWSPJH[PVUZ;OPZ)<THU\MHJ[\YLZHUKZLSSZ WYVK\J[ZZ\JOHZMHUZSPNO[PUNKVTLZ[PJ W\TWZHUKHWWSPHUJLZ0[MVJ\ZLZVU0UKPH^P[O L_WVY[Z[V:V\[O(ZPH4PKKSL,HZ[HUK(MYPJH" HUKOHZMHJPSP[PLZH[)L[OVYHHUK2\UKHPT .VH)HKKP/PTHJOHS7YHKLZO2HUQ\Y4HYN 4\TIHP(OTLKUHNHY4HOHYHZO[YHHUK =HKVKHYH.\QHYH[ ;OLHIV]L)<ZHYLZ\WWVY[LKI`H J\Z[VTLYJLU[YPJZHSLZVYNHUPZH[PVUKLWSV`LK JSVZL[VJ\Z[VTLYZHUKVYNHUPZLKVUHYLNPVUHS IHZPZ;OLMV\Y9LNPVUZ·,\YVWL4PKKSL,HZ[ HUK(MYPJH,4,([OL(TLYPJHZ:V\[O,HZ[ (ZPHHUK[OL7HJPÃ&#x201E;J:,(7HUK[OL0UKPHU Z\IJVU[PULU[·MVJ\ZVUMYVU[LUKZHSLZ HJ[P]P[PLZHUKKLSP]LY`VM:`Z[LTZHUK:LY]PJLZ VM[OLI\ZPULZZLZ

*.»ZZ[YH[LN`MVJ\ZLZVUH[OYLLKPTLUZPVUHS HWWYVHJO[VNYV^[O!NLVNYHWOPJL_WHUZPVU TV]PUN\W[OL]HS\LJOHPUHUK^PKLUPUN [OLWYVK\J[PVUMVV[WYPU[[OYV\NOSLHU THU\MHJ[\YPUNPUSV^JVZ[JV\U[YPLZ:L]LYHS PUP[PH[P]LZ^LYL\UKLY[HRLUPU[OLYLJLU[WHZ[ ^OPJOOH]LJVU[YPI\[LK[V[OLNYV^[O[YHQLJ[VY` VM[OL*VTWHU` 0U[OLSHZ[ML^`LHYZL_WHUKPUNV\[VMP[Z [YHKP[PVUHSTHYRL[ZVM5VY[O(TLYPJH[OL,4,( HUK0UKPH*.LZ[HISPZOLKUL^WSHU[ZPU)YHaPS HUK:H\KP(YHIPHHTHYRL[PUNUL[^VYRPU(MYPJH HUKL_WHUKLKP[Z:V\[O,HZ[(ZPHTHYRL[Z I`LZ[HISPZOPUNP[ZWYLZLUJLPU4HSH`ZPHHUK =PL[UHT ;OL*VTWHU`OHZHSZVTV]LK\W[OL ]HS\LJOHPUI`VMMLYPUNZTHY[NYPKZVS\[PVUZPU LSLJ[YPJHS[YHUZWVY[H[PVUWV^LYLSLJ[YVUPJZ Ã&#x2026;L_PISL(*[YHUZTPZZPVUZ`Z[LTZHUKZ[H[PJ =(9JVTWLUZH[VYZLULYN`LMÃ&#x201E;JPLU[TV[VYZ I\PS[[V5,4(0,0,Z[HUKHYKZLSLJ[YPJHS IHSHUJLVMWSHU[VMMLYPUNZNHZPUZ\SH[LK Z^P[JONLHYZ.0:\W[VR=HUKR=HZ ^LSSHZR=WV^LYWYVK\J[Z +\YPUN-@*.SH\UJOLKP[ZZ[H[LVM [OLHY[ZTHY[NYPKMHJPSP[`H[[OL.SVIHS=PSSHNL ULHY)LUNHS\Y\MVYM\SSÃ&#x2026;LKNLKTHU\MHJ[\YPUN VMZTHY[NYPKKL]PJLZ,X\PWTLU[WYVK\JLK PU[OPZMHJPSP[`^PSSVMMLYU\TLYPJHSZVS\[PVUZ[V 0UKPHU\[PSP[PLZHUKPUK\Z[YPLZPU[OL[YHUZTPZZPVU HUKKPZ[YPI\[PVU; +ZLNTLU[HUKWYV]PKL PTWYV]LTLU[Z[V[OLLSLJ[YPJP[`NYPK[VTHRL P[TVYLLMÃ&#x201E;JPLU[HUKYLSPHISL0U[OLWHZ[`LHY *.OHZWHY[PJPWH[LKPU(K]HUJLK4L[LYPUN 0UMYHZ[Y\J[\YL(40WPSV[WYVQLJ[ZPU,\YVWL (ZPHHUK(TLYPJH;OLZTHY[NYPKI\ZPULZZ OHZL_WHUKLKL_WVULU[PHSS`YLJVYKPUNH  PUJYLHZLPUVYKLYNYV^[OV]LYSHZ[`LHY 0U[OLR=ZLNTLU[*.JVTWSL[LK VUZP[LX\HSPÃ&#x201E;JH[PVUWYVJLZZMVYP[ZR= IYLHRLYMVY[OL7V^LY.YPK*VYWVYH[PVUVM0UKPH 3PTP[LK7.*03HZ^LSSHZTHU\MHJ[\YLKHUK KPZWH[JOLKP[Z[O[YHUZMVYTLY[V7.*030[Z R=[YHUZMVYTLYZ\WWSPLK[V7.*03H[)PUH ^HZJVTTPZZPVULKVU4H`HUKOHZ ILLUJOHYNLKZPUJL[OLU 6]LY[OLWHZ[ML^`LHYZ*.OHZJVU[PU\V\ZS` L_WHUKLKP[ZTHU\MHJ[\YPUNMVV[WYPU[PU YLSH[P]LS`SV^JVZ[JV\U[YPLZZ\JOHZ0UKVULZPH HUK0UKPH0UHKKP[PVU[OL/\UNHYPHUKP]PZPVUH[ ;HWPVZaLSLOHZILJVTL[OL*LU[YHS,\YVWLHU O\IMVYZLY]PUNJ\Z[VTLYZMYVT,4,( LZWLJPHSS`[OL4PKKSL,HZ[HUK5VY[O(MYPJH /\UNHY`JVTWSL[LKP[ZWSHU[TVKLYUPZH[PVU HUKL_WHUKLKJHWHJP[`MYVT4=([V

4=(WLYHUU\T0UHKKP[PVU-@ ZH^*.»ZWV^LY[YHUZMVYTLYWSHU[PU0UKVULZPH JVTWSL[PUNP[ZJHWHJP[`PUJYLHZL[V4=( ^P[OHUL^Z[H[LVM[OLHY[^PUKPUN^VYRZOVW PUWSHJL0[UV^OHZ[OLWYV]LUJHWHIPSP[`[V THU\MHJ[\YLR=[YHUZMVYTLYZ 0U-@*.YH[PVUHSPZLKHUKYLVYNHUPZLK P[ZWV^LY[YHUZMVYTLYWSHU[PU)LSNP\T(ZH YLZ\S[P[HJOPL]LKZPNUPÃ&#x201E;JHU[V]LYOLHKJVZ[ YLK\J[PVUZ;OLYLOH]LILLUWYVK\J[P]P[`HUK X\HSP[`PTWYV]LTLU[Z^P[OT\JOSV^LYYH[LZVM \U[HURPUNHUKMHYSLZZLYU\TILYVMOV\YZSVZ[ VUHJJV\U[VMX\HSP[`PZZ\LZ;OLWSHU[PZUV^ ILPUNWVZP[PVULK[VHKKYLZZOPNO]HS\LHSSPHUJL J\Z[VTLYZPU>LZ[LYU,\YVWL 0U[OLWV^LY[YHUZMVYTLYZHUKYLHJ[VYZ ZLNTLU[*.OHZHSYLHK`PURLKH4LTVYHUK\T VM<UKLYZ[HUKPUN^P[O[OL.V]LYUTLU[VM .\QHYH[[VZL[\WH[Y\S`TVKLYUMHJ[VY`PU .\QHYH[<WVUP[ZLZ[HISPZOTLU[[OPZMHJPSP[`^PSS M\Y[OLYZ[YLUN[OLU*.»Z0UKPHUTHU\MHJ[\YPUN JHWHJP[PLZVMWV^LY[YHUZMVYTLYZHUK YLHJ[VYZ\W[VR=MVYIV[OKVTLZ[PJHUK PU[LYUH[PVUHSTHYRL[Z ;OLZ\JJLZZM\SLYLJ[PVUHUKJVTTPZZPVUPUN VMVMMZOVYL^PUKMHYTZPU(TY\TIHUR HUK)\[LUKPLR.LYTHU`[OL/\TILY .H[L^H`WYVQLJ[<2HUKPU3\JO[LYK\PULU PU5L[OLYSHUKZOHZLZ[HISPZOLK*.HZH THYRL[SLHKLYPU[OPZZLNTLU[*.PU[LUKZ [V\ZL[OPZVMMZOVYL^PUKMHYTL_WLYPLUJL[V Z[YLUN[OLU[OL[\YURL`/=Z\IZ[H[PVUZVS\[PVUZ PUV[OLYVMMZOVYLVUZOVYL^PUKMHYTNYV^[O HYLHZZ\JOHZ<:(HUK)HS[PJ9LNPVUZ*.»Z :`Z[LTZKP]PZPVUVMMLYZ[\YURL`ZVS\[PVUZMVYHPY PUZ\SH[LKHUKNHZPUZ\SH[LK(*Z\IZ[H[PVUZMVY \[PSP[`PUK\Z[Y`HUKYLUL^HISLZ*.OHZHSZV KL]LSVWLKJ\[[PUNLKNLZVS\[PVUZMVYZ\IZ[H[PVU KLZPNU(*PU[LYJVUULJ[PVUZLUNPULLYPUN PUZ[HSSH[PVUZP[L[LZ[PUNHUKJVTWSL[LWYVQLJ[ THUHNLTLU[ -@ZH^[OLYHUNLL_WHUZPVUHUK NSVIHSSH\UJOVM0,YHUNLVMTV[VYZ\W[V R>HUKVYKLYZMVY0,TV[VYZSH\UJOLKSHZ[ `LHY(UL^^VYSKJSHZZ394TV[VYZMHJPSP[` H[4HUKPKLLWULHY)OVWHSJV]LYPUNHUHYLH VM ZX\HYLTL[YLZOHZZ[H[LVM[OLHY[ THJOPULZH\[VTH[PVUHUKWYVJLZZ[LJOUVSVN` HUKPU[LNYH[LZ[OLYV[H[PUNTHJOPUL[LJOUVSVN` MYVT*.»Z/\UNHYPHUMHJPSP[`0UK\Z[YPHS)< WYLKVTPUHU[S`MVJ\ZLKVUSLHUTHU\MHJ[\YPUN PUP[PH[P]LZHJYVZZTVZ[VMP[ZWSHU[ZPU0UKPH *.JVU[PU\LZ[VWSHJLZWLJPHSMVJ\ZVU P[Z*VUZ\TLY7YVK\J[Z)<0U-@[OPZ )<\UKLY[VVRHJ[PVUZ[VL_WHUKP[ZYLHJO[V JV]LYLUKJVUZ\TLYZHSLZWVPU[Z"YH[PVUHSPZL

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

25


7V^LY:`Z[LTZVYº*.7V^LY»PZ[OL *VTWHU`»ZSHYNLZ[)<HUKMVJ\ZLZVUWV^LY [YHUZTPZZPVUKPZ[YPI\[PVUWV^LYZVS\[PVUZ H\[VTH[PVUZL[[PUN\WVMPU[LNYH[LKVUHUK VMMZOVYLWV^LYZ`Z[LTZHUKHZZVJPH[LK ZLY]PJLZI\ZPULZZLZ ;OYV\NOP[Z7V^LY7YVK\J[Z)\ZPULZZ <UP[P[THU\MHJ[\YLZH^PKLYHUNLVMWV^LY [YHUZMVYTLYZKPZ[YPI\[PVU[YHUZMVYTLYZL_[YH OPNO]VS[HNL,/=HUKTLKP\T]VS[HNL4= JPYJ\P[IYLHRLYZZ^P[JONLHYZ,/=PUZ[Y\TLU[ [YHUZMVYTLYZSPNO[UPUNHYYLZ[VYZPZVSH[VYZHUK ]HJ\\TPU[LYY\W[LYZ0UHKKP[PVU*.7V^LY [OYV\NO7V^LY:`Z[LTZHUK:LY]PJLZ VMMLYZ[\YURL`ZVS\[PVUZMVY[YHUZTPZZPVUHUK KPZ[YPI\[PVU; +[OYV\NOJ\Z[VTTHKLZ\I

26

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

CHART A

Net Revenues from the Key Business In Rs. crore

FY2013

8,478

Power Systems

;OLJVUZVSPKH[LKWLYMVYTHUJLVM*.7V^LYPZ NP]LUPU;HISL R ;OL<,6)YVZLTVKLZ[S`·I` PU -@[VYLHJO9ZJYVYL R 5L[ZHSLZVM*.7V^LYNYL^I`HU PTWYLZZP]L PU-@[V9ZJYVYL R ,)0+;(NYL^[PTLZ·MYVT9ZJYVYL PU-@[V9Z JYVYLPU-@

W15.6% POWER SYSTEMS

1,816

:PTWS`W\[[OL*VTWHU`OHZZLLUH [\YUHYV\UKMYVTP[ZYLSH[P]LS`WVVYWLYMVYTHUJL PU[OLWYL]PV\Z`LHY.P]LU[OLZPaLHUK ZWYLHKVM*.[OLYLOH]LILLUKPMMLYLUJLZ HJYVZZSVJH[PVUZ)\[H[HUV]LYHSSSL]LS[OL JVTWHZZOHZTV]LK[V^HYKZNYLH[LYYL]LU\LZ HJJVTWHUPLKI`SHYNLYWYVÃ&#x201E;[Z*OHY[(WSV[Z [OLJOHUNLPUUL[YL]LU\LZVM[OL[OYLLRL` I\ZPULZZLZ R *.»Z7V^LY:`Z[LTZ»UL[YL]LU\LZNYL^ YVI\Z[S`I` [V9ZJYVYLPU-@ R <UMVY[\UH[LS`UL[YL]LU\LMYVT0UK\Z[YPHS :`Z[LTZYLK\JLKI` [V9ZJYVYLPU -@4VYL[OHUHU`[OPUNLSZL[OPZYLÃ&#x2026;LJ[Z [OLKPMÃ&#x201E;J\S[THYRL[JVUKP[PVUZMVYTV[VYZSHYNL YV[H[PUNTHJOPULZHUKHOVSKPUVYKLYZMYVT[OL 0UKPHU9HPS^H`ZPU[OLZLJVUKOHSMVM-@ R 5L[YL]LU\LMYVT*VUZ\TLY7YVK\J[ZYVZL I`  [V9ZJYVYL

X1.0%

2,847

Business Performance FY2014

CG Power: Consolidated Financial Performance

7,336

been started across India

Z[H[PVUWYVQLJ[ZLUNPULLYPUNWYVJ\YLTLU[HUK JVUZ[Y\J[PVU,7*HZ^LSSHZV[OLYLUK[VLUK JVU[YHJ[Z[OH[PU]VS]L[OLLU[PYL]HS\LJOHPU· ZVS\[PVUZKLZPNUWYVK\J[ZWYVJ\YLTLU[ JVUZ[Y\J[PVULYLJ[PVUHUKZLY]PJPUN (\[VTH[PVUI\ZPULZZWYV]PKLZLX\PWTLU[ ZLY]PJLZ[VTHUHNLHUKJVU[YVS[OLÃ&#x2026;V^VM LSLJ[YPJP[`PU[YHUZTPZZPVU KPZ[YPI\[PVUNYPKZ 0[HSZVWYV]PKLZKPNP[PZLKH\[VTH[PVUZVS\[PVUZ MVYWV^LY\[PSP[PLZYHWPK[YHUZWVY[ZLY]PJLZHUK V[OLYHJ[P]P[PLZ (KL[HPSLKSPZ[VM*.7V^LY»ZWYVK\J[Z ZVS\[PVUZHUKZLY]PJLZHZ^LSSHZP[ZHZZVJPH[LK MHJPSP[PLZHJYVZZ[OLNSVILPZNP]LUH[[OLLUKVM [OPZ(UU\HS9LWVY[

1,835

featuring CGâ&#x20AC;&#x2122;s products have

JOHUULSZUL[^VYRZ"KLWSV`SLHUTHU\MHJ[\YPUN PUP[PH[P]LZ"HUKPUJYLHZLWYVK\J[VMMLYPUNZPU WYLTP\TZLNTLU[ZHZ^LSSHZPURUV^SLKNL IHZLKPU[LSSPNLU[WYVK\J[Z6]LYUL^ YL[HPSLYZHUK KPZ[YPI\[VYZ^LYLHKKLK [VZ[YLUN[OLUJOHUULS[YHUZMVYTH[PVU"HUK UPULUL^IYHUJOLZ^LYLVWLULKPU-@ ;OLI\ZPULZZHSZVMVYH`LKP[ZWYLZLUJLPU[OL TVKLYUYL[HPSZLNTLU[,_JS\ZP]LZOV^YVVTZ MLH[\YPUN*.»ZWYVK\J[ZOH]LHSZVILLUZ[HY[LK HJYVZZ0UKPH^OPJOHYLL_WLJ[LK[VJYLH[LHU \WTHYRL[HUK\UJS\[[LYLKI\`PUNL_WLYPLUJL[V [OLJ\Z[VTLYZ ;OL*VUZ\TLY)<ZLSSZP[ZWYVK\J[Z\UKLY [OL¸*YVTW[VU¹IYHUK·^OPJOPZHOV\ZLOVSK IYHUKZPUJL HZZVJPH[LKMVYYLSPHIPSP[`HUK Z[HIPSP[`

2,593

Exclusive showrooms

W9.8%

FY2014

INDUSTRIAL SYSTEMS

CONSUMER PRODUCTS


R ,)0;PZIHJRPUWYVÃ&#x201E;[Z·MYVTHSVZZ

VM9ZJYVYLPU-@[VHWYVÃ&#x201E;[VM 9ZJYVYL[OPZ`LHY R ;OLYL[\YUVUJHWP[HSLTWSV`LK96*, PUJYLHZLKI` WLYJLU[HNLWVPU[Z[V PU -@

CG Power Overseas: Financial Performance ;OLÃ&#x201E;UHUJPHSWLYMVYTHUJLVM[OL*.7V^LY 6]LYZLHZPZNP]LUPU;HISL (ZTH`ILPUMLYYLKMYVT;HISL^OPSL[OL Ã&#x201E;UHUJPHSWLYMVYTHUJLVM*.7V^LY6]LYZLHZ OHZPTWYV]LK]PZn]PZ[OLWYL]PV\Z`LHY[OL I\ZPULZZPZZ[PSSZ[Y\NNSPUN0UWHY[P[YLÃ&#x2026;LJ[ZH KLTHUKZP[\H[PVUHJYVZZ,\YVWLHUK5VY[O (TLYPJH[OH[Z[PSSJVU[PU\LZ[VILKPMÃ&#x201E;J\S[0[HSZV YLÃ&#x2026;LJ[ZWYVK\J[PVUWYVISLTZ[OH[ZVTL\UP[Z MHJLHIYVHK^OPJOZOHSSZOVY[S`ILKPZJ\ZZLKPU NYLH[LYKL[HPS

CG Power India: Financial Performance ;HISLNP]LZ[OLRL`Ã&#x201E;UHUJPHSWLYMVYTHUJL PUKPJH[VYZMVY*.7V^LY»Z0UKPHVWLYH[PVUZ

TABLE 01

(Z;HISLZ\NNLZ[Z^OPSL*.7V^LY0UKPH OHZOHKZVTLKLJSPULPU[OL\UL_LJ\[LKVYKLY IVVRHZVU4HYJOP[LUQV`LKHTVKLZ[ PUJYLHZLPUUL[ZHSLZ0[ULLKZ[VILLTWOHZPZLK [OH[PUHULU]PYVUTLU[VMSV^.+7NYV^[OHUK OHYKS`HU`PUJYLTLU[HSPUMYHZ[Y\J[\YLZWLUKZ [OLYLOH]LILLUZPNUPÃ&#x201E;JHU[WYPJPUNWYLZZ\YLZPU 0UKPHLZWLJPHSS`MYVT[OLSHYNLYJ\Z[VTLYZ0U Z\JOHZP[\H[PVUPTWYV]LTLU[ZPUZV\YJPUNHUK IL[[LYWYVK\J[P]P[`OH]LOLSWLK[OLI\ZPULZZ [VPTWYV]L,)0+;(I` HUK,)0;I`  ;OL96*,VM[OLI\ZPULZZOHZHSZV PUJYLHZLKI` IHZPZWVPU[Z[V ·^OPJO YHURZHTVUN[OL]LY`ILZ[PU[OL^VYSK

CG Power: Key Developments in FY2014 0U[OLIHJRKYVWVMHJSLHYPTWYV]LTLU[PU V]LYHSSWLYMVYTHUJLVM[OL*.7V^LY:`Z[LTZ )<P[ULLKZ[VILZ[H[LK[OH[ZVTLVM[OL V]LYZLHZSVJH[PVUZHYLZ[PSSOH]PUNWYVISLTZ -VYVUL[OLNSVIHS; +THYRL[ZJVU[PU\LK [VYLTHPUL_[YLTLS`JVTWL[P[P]L0[TH`IL YLJHSSLK[OH[Z\JOL_[YLTLJVTWL[P[P]LULZZ ILNHUPU-@PU[LUZPÃ&#x201E;LKPU-@HUK

TABLE 02

JVU[PU\LK[OYV\NOV\[-@^P[OWYVK\JLYZ VMMLYPUN\UOLHYKVMWYPJLZ[VIHNVYKLYZ VUS`[VRLLWZVTLVM[OLPYJHWHJP[PLZPU\ZL <UMVY[\UH[LS`[OPZ[YLUKOHZJVU[PU\LKPU -@LZWLJPHSS`HJYVZZ,\YVWLHUK[OL <:( -VYHUV[OLY[OLI\ZPULZZOHZZLLU[OL WLYZPZ[LUJLVMH[YLUK[OH[ILNHU[^V`LHYZ HNV·^OLYLTHU`J\Z[VTLYZKLSH`LK[HRPUN WO`ZPJHSKLSP]LY`VM[OLPYLX\PWTLU[;OPZPZ[Y\L PU,\YVWL[OL4PKKSL,HZ[HUK5VY[O(MYPJHHZ ^LSSHZPU0UKPH(ZTLU[PVULKSHZ[`LHYP[\Z\HSS` PU]VS]LZW\ZOPUNIHJR[OLKH[LVM[LZ[PUN^OPJO [OLUISVJRZ[OLSPULZPU[OLMHJ[VYPLZWYL]LU[Z [PTLS`YL]LU\LYLJVNUP[PVUSVJRZ\W^VYRPUN JHWP[HSHUKHSSLSZLILPUNLX\HSYLK\JLZ 96*,7YVK\JLYZHYLVM[LUHJX\PLZJPUN[V THQVYJ\Z[VTLYZ[VTHPU[HPU[OLPYSVUN[LYT YLSH[PVUZOPWZ*\Z[VTLYZHSZVPU]VRLºZ[VYHNL JSH\ZLZ»PU[OLJVU[YHJ[Z^OPJOHSSV^[OLT [VZ[VYLH[YHUZMVYTLY^P[O[OLTHU\MHJ[\YLY ^P[OV\[[YHUZMLYYPUNYPZRVY[P[SL[OLYLI`KLSH`PUN YL]LU\LYLJVNUP[PVUHUKJHZOPUÃ&#x2026;V^ (JV\WSLVMHKKP[PVUHSWOLUVTLUHOH]L HSZVJVTLPU[VWSH`(U\TILYVMJ\Z[VTLYZ

TABLE 03

Consolidated Financial Performance of CG Power

Financial Performance CG Power Overseas

Financial Performance CG Power India

In Rs.

In Rs.

In Rs.

F Y 20 1 3

FY2 014

PERCENT

UNEXECUTED ORDER BOOK (UEOB)

8,525

8,638

crore

crore

W1.3%

NET SALES & SERVICES

7,336

8,478

crore

crore

429

crore

crore

W15.6% W1162.4%

EBIT

P E RC E NT

5,195

5,530

crore

crore

W6.4%

4,753

5,801

crore

crore

W22.0%

EBIDTA (INCLUDING OTHER INCOME)

(244)

90

crore

crore

234

crore

crore

W312.0%

CAPITAL EMPLOYED

3,382

3,899

crore

crore

W136.8%

ROCE

(352)

(60)

crore

crore

W82.9%

6.0%

W9.3 pp*

2,514

2,822

crore

crore

(14)% 7LYJLU[HNL7VPU[Z

P E RC E N T

3,330

3,108

crore

crore

X6.7%

2,725

2,824

crore

crore

W3.6%

EBIDTA (INCLUDING OTHER INCOME)

260

296

crore

crore

W13.9%

231

259

crore

crore

W12.1%

CAPITAL EMPLOYED

W12.2%

ROCE

5V[LZ!-PN\YLZOH]LILLUYLNYV\WLK^OLYL]LYULJLZZHY`[V THRL[OLTJVTWHYHISL 7LYJLU[HNL7VPU[Z

F Y2 0 1 4

EBIT

CAPITAL EMPLOYED

W15.3%

F Y2 0 1 3

UNEXECUTED ORDER BOOK (UEOB)

NET SALES & SERVICES

EBIT

(110)

(3.3)%

F Y2 0 1 4

NET SALES & SERVICES

EBIDTA (INCLUDING OTHER INCOME)

34

FY 2013

UNEXECUTED ORDER BOOK (UEOB)

780

852

crore

crore

W9.1%

ROCE

(2.1)%

W11.9 pp*

29.5%

30.4%

W0.9 pp*

7LYJLU[HNL7VPU[Z

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

27


UV^PUZPZ[[OH[H[SLHZ[VULVM[OLPY\UP[ZPZ ºZOVY[JPYJ\P[»[LZ[LK;OPZPZHUPU[LUZP]L [LZ[PUNL_LYJPZL[OH[PZJHYYPLKV\[H[L_[LYUHS SHIVYH[VYPLZ.P]LU[OH[H[YHUZMVYTLYOHZ[V ILTHU\MHJ[\YLKZLU[[V[OL[LZ[SHIVYH[VY` [LZ[LKIYV\NO[IHJRPU[V[OLWSHU[HUK YLHZZLTISLKILMVYLVU^HYKZOPWTLU[[V [OLJ\Z[VTLYKLSH`PUKLSP]LY`HUKYL]LU\L YLJVNUP[PVUILJVTLZHNP]LU(SZVHU\TILY VMJ\Z[VTLYZHYLUV^PUZPZ[PUNVUHUL_[LUKLK ZLYPLZVM[LZ[ZMVYHSS[YHUZMVYTLYZYLNHYKSLZZVM ^OL[OLY[OL`OH]LILLUTHU\MHJ[\YLKILMVYL VYHYLWHY[VMHSVUNZLYPLZ;OPZHSZVYLK\JLZ WYVK\J[P]P[`HUK[OYV\NOW\[VMWSHU[Z ;OLYLHYLZVTLPU[LYUHSMHJ[VYZHZ^LSS(Z PU-@[OLZHSLHUKYL]LU\LYLJVNUP[PVU VMZVTLWV^LY[YHUZMVYTLYZNV[KLSH`LKPU -@K\L[VWYVK\J[PVUWYVISLTZH[KPMMLYLU[ V]LYZLHZZP[LZLZWLJPHSS`PU*HUHKHHUK /\UNHY`;OLZLWYVISLTZHYLILPUNHKKYLZZLK [OYV\NOKLZPNUVW[PTPZH[PVUWYVWLYZSV[ WSHUUPUNYLN\SHY]HSPKH[PVUHUKHWWYVWYPH[L [LZ[PUNHUK[OL\ZLVMJSLHYNH[LZPU[OL WYVK\J[PVUWYVJLZZ.SVIHSS`THUHNLKI`H MVJ\ZLKJVYL[LHT[OLZLHJ[P]P[PLZHYLPU[OL YPNO[KPYLJ[PVU

Products ;OLYLHYLMV\YNSVIHS7YVK\J[3PULZ[OH[HJ[HZ [OLI\ZPULZZ]LY[PJHSZMVY[OL7V^LY)<¶7V^LY ;YHUZMVYTLYZ,/=:^P[JONLHY4=:^P[JONLHY HUK+PZ[YPI\[PVU;YHUZMVYTLYZ

28

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

POWER TRANSFORMERS (PT) 0[OHZMHJPSP[PLZH[;4HUKPKLLW5LHY)OVWHS ;2HUQ\Y4HYN4\TIHP)VNVY0UKVULZPH ;HWPVZaLSL/\UNHY`4LJOLSLU)LSNP\T >HZOPUN[VU4PZZV\YP<:(HUK>PUUPWLN *HUHKH.SVIHSS`[OL7;WYVK\J[SPULOHZ H[V[HSPUZ[HSSLKJHWHJP[`VMHWWYV_PTH[LS` 4=(WH -@OHZ^P[ULZZLKTHU`RL`Z\JJLZZLZ ZVTLVM^OPJOHYLTLU[PVULKOLYL R 0[ZMHJPSP[`H[)OVWHSTHU\MHJ[\YLKHUK KLZWH[JOLK[OL[O\UP[VMR=JSHZZ WYVK\J[Z[V[OL7V^LY.YPK*VYWVYH[PVUVM 0UKPH3PTP[LK7.*03·[OLVUS`WSHU[PU0UKPH [VKVZV0[HSZVJVTWSL[LKVUZP[LX\HSPÄJH[PVU WYVJLZZMVY*.»ZR=IYLHRLYMVY7.*03 ;OPZVWLUZ[OLWSHU[[VM\Y[OLYVYKLYZ;HSZV WYVK\JLKHUKKLZWH[JOLK[OL[O\UP[VM SVJVTV[P]L[YHUZMVYTLYZ[V[OL*OP[[HYHUQHU 3VJVTV[P]L>VYRZ*3>;KP]PZPVUHSZV PU[YVK\JLKHUL^KLZPNUMVY4=(R= (\[V[YHUZMVYTLYMVYNHZPUZ\SH[LKZ^P[JONLHY .0:HWWSPJH[PVUZHZ^LSSHZTHU\MHJ[\YLK HUK[LZ[LKHUL^HUKVW[PTPZLKKLZPNUVM [OLR=[YHUZMVYTLYPUSPUL^P[OJ\Z[VTLY ZWLJPÄJH[PVUZ R ;OLYLOHZILLUHZPNUPÄJHU[PTWYV]LTLU[ PUNYVZZTHYNPUMVY7;)LSNP\T»ZVYKLYPU[HRL MVY[OL`LHY7VZ[4HYJOHTVUNZ[ V[OLYVYKLYZHSZVYLJLP]LKHTHQVYWV^LY [YHUZMVYTLYVYKLYVMÁTPSSPVUMVYHWYLZ[PNPV\Z VMMZOVYL^PUKMHYTWYVQLJ[PU[OL5VY[O:LH

R ;OLWYVK\J[SPULYLJLP]LKTHQVYVYKLYZMVY

]HYPV\Z7;7SHU[ZMYVT! ~ 7.*03MVYZP_\UP[ZVM4=([YHUZMVYTLYZ HUKR=[YHUZMVYTLYZHUKYLHJ[VYZ^VY[O 9ZJYVYL ~ 9HQHZ[OHU9HQ`H=PK`\[7YHZHYHU3PTP[LK 99=73MVYR=[YHUZMVYTLYZ]HS\LK H[9ZJYVYLHUKZP_\UP[ZVM4=( NLULYH[VYZ[LW\W.:<[YHUZMVYTLYZ;OPZ PZ[OLOPNOLZ[YH[PUN.:<[YHUZMVYTLY[OH[ ^PSSILTHU\MHJ[\YLKPU; ~ 2LU`H,SLJ[YPJP[`;YHUZTPZZPVU*VTWHU` 3PTP[LKHUK0ILKYVSH:WHPUMVYZP_4=( [YHUZMVYTLYZ ~ ;LUNHZH5HZPVUHS)LYOHK;5)4HSH`ZPH MVY\UP[ZVMR=4=(ZPUNSLWOHZL [YHUZMVYTLYZ ~ (KTPUPZ[YHJPVU5HJPVUHSKL,SLJ[YPJPKHK (5+,7HYHN\H`HULU[Y`VYKLYVM <: TPSSPVU ~ (UºVWLUIVVR»JVU[YHJ[MYVT7LY\ZHOHU 3PZ[YPR5LNHYH735[OLZ[H[LLSLJ[YPJP[` JVYWVYH[PVUVM0UKVULZPH]HS\LKH[ <: TPSSPVU R 0UHKKP[PVU[OL7V^LY)<WYVK\J[SPUL

KLZPNULKTHU\MHJ[\YLK[LZ[LKHUKKLSP]LYLK! ~ (4=(R=\UP[MVY:[H[UL[[ 5VY^H`·HÄYZ[MVY7;/\UNHY` ~ 4=([YHUZMVYTLYMVY[OL(SNLYPHUTHYRL[ MVY:VULSNHa ~ ,PNO[4=([YHUZMVYTLYZMVY]HYPV\Z RL`VMMZOVYL^PUKWYVQLJ[ZPU,\YVWLLHJO


The EHV Switchgear plants in India are among the best-in-class and the business *VUZVSPKH[LKNSVIHS [YHUZMVYTLYTHU\MHJ[\YPUN JHWHJP[`PZTVYL[OHU 4=(

commands a significant leadership position in the country in switchgear

~

~

~

~

JVUMVYTPUN[VYPNVYV\ZLU]PYVUTLU[HS WYV[LJ[PVUUVYTZ ;YHUZMVYTLYZMVY>LZJVHUK*HTLJV 5\JSLHYMVY\UP[ZYHUNPUNMYVT4=([V 4=( (R=\UP[MVY,+79LUL^HISLZ 5VY[O(TLYPJH^OPJO^HZÃ&#x201E;YZ[[VIL THU\MHJ[\YLKPU[OL<:WSHU[ >,,ULYNPLZ>PZJVUZPUHUK[OL4PJOPNHU <WWLY7LUPUZ\SHMVYUPUL\UP[ZVMKPMMLYLU[ YH[PUNZ *VUJVYK4\UPJPWHS3PNO[7HYR*437MVY H4=(R=[YHUZMVYTLY^OPJOOHZ PU[LNYH[LKZVTLA0=H\[VTH[PVUWYVK\J[Z

0U-@7;WSHU[ZH[;4\TIHPHUKPU 4LJOLSLU)LSNP\TZ\MMLYLKZVTLZL[IHJRZ! R ;Z\MMLYLKK\L[V[^VHJJPKLU[Z!PHTHQVY Ã&#x201E;YLKLZ[YV`LK[OLWSHU[»Z[LZ[IH`PU(WYPS HUKPP[OLYL^HZHMHPS\YLVM[OLTHPUIH`»Z[LZ[ NLULYH[VYPU1\S`)V[O[OLZLOH]LILLU Ã&#x201E;_LK^P[O[OL[LZ[IH`ILPUNYLJVUZ[Y\J[LK PUYLJVYK[PTL+LZWP[LKLSH`ZPUWYVK\J[PVU K\L[V[OLZLZL[IHJRZ;KLSP]LYLK [YHUZMVYTLYZHUKYLHJ[VYZ"HUKYLNPZ[LYLKH ZHSLZNYV^[O R ;OLYL^HZHUL_WSVZPVUK\YPUN[OL`LHYPU[OL 7;)LSNP\T»ZNLULYH[VYOV\ZL>OPSL[OLYL^HZ UVTVY[HSP[`KLSP]LY`[VJ\Z[VTLYZNV[KLSH`LK ;OLNLULYH[VYOV\ZLPZUV^\WHUKY\UUPUN ;OLWV^LYWYVK\J[SPULI\ZPULZZPZLUOHUJPUN P[ZJHWHJP[PLZPURL`SV^JVZ[SVJH[PVUZ(M[LY

L_WHUKPUNJHWHJP[`H[P[Z0UKVULZPHUWSHU[ [OLWSHU[KLSP]LYLK[OLÃ&#x201E;YZ[IH[JOVMR= [YHUZMVYTLYZ[VJ\Z[VTLYZPU:,(7;OLZL OH]LILLUZ\JJLZZM\SS`JVTTPZZPVULK0U /\UNHY`[OYLLUL^^PUKPUNTHJOPULZHUKH UL^^PUKPUNIH`^LYLHKKLK"[OYLLJVTWSL[L JVPSJVYLHZZLTIS`WSH[MVYTZ^LYLPUZ[HSSLK" HUK[OLYLM\YIPZOTLU[VM[OL]HWV\YWOHZL KY`PUN=7+V]LUHUK[OLOV[HPY]HJ\\TV]LU ^LYLJVTWSL[LK4HQVYJVZ[PUP[PH[P]LZOH]L NLULYH[LKZH]PUNZVM<: TPSSPVU]LYZ\ZH [HYNL[VM<: TPSSPVUH[7;<:(»Z4PZZV\YP >HZOPUN[VUWSHU[ *.»Z7;MHJPSP[`PU*HUHKHOHZILLUTHRPUN SVZZLZHUKOHKKPMÃ&#x201E;J\S[[PTLZ;OLYL^HZH THUHNLTLU[JOHUNLPU1\S`^P[OHUL^ WSHU[OLHKILPUNW\[PUWSHJL;OLYLOHZHSZV ILLUZVTLYLVYNHUPZH[PVUHUKYLK\J[PVUVM LTWSV`LLZ^OPJOOHZJ\[JVZ[Z[VHUL_[LU[ *VU[PU\V\ZI\ZPULZZPTWYV]LTLU[WYVQLJ[Z OH]LILLU\UKLY[HRLU[VPTWYV]LWYVK\J[P]P[` ;OLVYKLYIVVRPZOLHS[O`"HUK[OLZHSLZOH]L ILLUVU[OL\W·[OLWSHU[OHZZVSK4=( PU-@]LYZ\Z4=(K\YPUN[OLSHZ[ `LHY EXTRA HIGH VOLTAGE SWITCHGEARS ;OLYHUNLVMWYVK\J[Z\UKLY,_[YH/PNO =VS[HNL,/=Z^P[JONLHYZHYL!PPUZ[Y\TLU[ [YHUZMVYTLYZ\W[VR=HUKI\ZOPUNZ \W[VR="PPZ\SWO\YOL_HÃ&#x2026;\VYPKL:- JPYJ\P[IYLHRLYZ\W[VR=YHUNL"PPPNHZ PUZ\SH[LKZ^P[JONLHYZ.0:\W[VR="P]

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

29


Z\YNLHYYLZ[VYZ\W[VR="HUK]]HJ\\T PU[LYY\W[LYZ\W[VR=*.OHZM\SSÅLKNLK ,/=Z^P[JONLHYWSHU[ZPU0UKPHHUK/\UNHY` ^P[OHUHZZLTISPUNWSHU[PU)YHaPS;OLWSHU[Z PU0UKPHHYLHTVUN[OLILZ[PUJSHZZHUK[OL I\ZPULZZJVTTHUKHZPNUPÄJHU[SLHKLYZOPW WVZP[PVUPU[OLJV\U[Y`PUZ^P[JONLHY -@OHZ^P[ULZZLKTHU`RL`Z\JJLZZLZ ZVTLVM^OPJOHYLTLU[PVULKILSV^ R *.»Z0UKPHKP]PZPVUZ\JJLZZM\SS`KL]LSVWLK

HULJVUVTPJKLZPNUMVYHR=J\YYLU[ [YHUZMVYTLY*;0UHKKP[PVUP[KL]LSVWLK HUKZ\WWSPLK\UP[ZVMR=R(*;ZMVY 7.*03"[VVRHZLJ\YLKHWWYV]HSMYVT7.*03 MVYHUR=TP_LKKPLSLJ[YPJZ`U[OL[PJVPS JVUZ[HU[]VS[HNL[YHUZMVYTLY*=;(SZV ZLJ\YLK7.*03HWWYV]HSMVYR=HUKR= *=;ZVM[OLZHTL[`WL"THU\MHJ[\YLK[OL OPNOLZ[U\TILYVMR=JPYJ\P[IYLHRLYZPU 0UKPH·\UP[ZPU-@"SH\UJOLKR= R(NHZJPYJ\P[IYLHRLYZ.*)PU0UKPH"HUK Z\WWSPLK\UP[ZVMR=Z\YNLHYYLZ[VYZ[V THQVY\[PSP[PLZPU0UKPH

R 0[HSZVYLJLP]LKHUKL_LJ\[LK[OLZPUNSL

SHYNLZ[KPYLJ[VYKLYMYVT[OL7V^LY.YPK *VTWHU`VM)HUNSHKLZOMVYZ\WWS`PUN \UP[ZVMR=Z\YNLHYYLZ[VYZ"\UP[ZVM R="HUK\UP[ZVMR= R ;OL/\UNHYPHUWSHU[Z\JJLZZM\SS`JVTWSL[LK

[OLKL]LSVWTLU[VMHR=NHZPUZ\SH[LK Z^P[JONLHY.0:MVY^OPJOP[YLJLP]LKHZ\IZPK` MYVT[OLUH[PVUHSNV]LYUTLU[0[HSZVYLJLP]LK M\SS[`WL[LZ[JLY[PÄJH[PVUMYVT[OL2VYLH ,SLJ[YV[LJOUVSVN`9LZLHYJO0UZ[P[\[L2,90 :V\[O2VYLHMVY[OLR=.0:HUKPUJYLHZLK JHWHJP[`MYVTIH`ZWLYTVU[O[V;OPZ HSSV^LK[OLWSHU[[VWYVK\JLIH`ZPU8 -@JVTWHYLK[VH[V[HSVMIH`ZMVY[OL ^OVSLVM[OLWYL]PV\Z`LHY R ;OL/\UNHYPHUWSHU[HJOPL]LKHUVYKLY PU[HRLVMV]LYÁTPSSPVU0[ZLJ\YLKUL^VYKLYZ MYVT0YHX;\YRL`<RYHPUL4`HUTHY;HUaHUPH *\YHJHVHUK[OL<2 R (NSVIHSILZ[PUJSHZZ</=YLZLHYJOJLU[YL ^HZLZ[HISPZOLKPU5HZOPRMVYKL[HPSZZLL[OL ZLJ[PVUVU9 +SH[LYPU[OPZJOHW[LY

MEDIUM VOLTAGE (MV) SWITCHGEARS /LYL[OLWYVK\J[ZPUJS\KL!R=PUKVVYHUK V\[KVVY]HJ\\TJPYJ\P[IYLHRLYZ=*)R= PUKVVYHUKV\[KVVY=*)R=.0:YPUNTHPU \UP[Z94<HUK\UP[PZLKZ\IZ[H[PVU;OLZLHYL HSSWYVK\JLKPU0UKPH 4HQVYHJOPL]LTLU[ZK\YPUN-@^LYL! R :[HY[LKJVTTLYJPHSWYVK\J[PVUVMR=.0: R 0U0UKPHVYKLYZ^LYLYLJLP]LKMYVT[OL

U\JSLHYHUKZVSHYWV^LY\[PSP[PLZMVYR= R(HUKR=R(PUKVVY]HJ\\TJPYJ\P[ IYLHRLY=*)WHULSZ"HZ^LSSHZMYVT]HYPV\Z WV^LY[YHUZTPZZPVUJVTWHUPLZMVYR=PUKVVY =*)HUK:-94< R 0U(MYPJH[OLYL^LYLVYKLYZMVYR=R( PUKVVY.0:HUKU\TLYPJHSJVTT\UPJHISL YLSH`Z;OLYL^LYLHSZVL_WVY[VYKLYZMVYR= .0:MYVT5PNLYPHHUK4`HUTHY"HUKR=(0: MYVT@LTLU

>VYSKJSHZZ[YHUZMVYTLY THU\MHJ[\YPUNMHJPSP[`H[ )LSNP\T

30

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


DISTRIBUTION TRANSFORMERS (DT) ;OL+;WYVK\J[SPULOHZ[V[HSPUZ[HSSLKJHWHJP[` VMTVYL[OHU 4=(HJYVZZHSSWSHU[Z HJYVZZ[OLNSVIL)HYYPUN[OL<:-@ OHZILLUHJOHSSLUNPUN`LHYMVY+;THPUS`VU HJJV\U[VMSV^VYKLYPU[HRL[OYV\NOV\[,\YVWL HUKZL]LYLTHYNPUWYLZZ\YLZPU0UKPH +LZWP[LKPMÄJ\S[[PTLZ+;)LSNP\T+; ),Z\JJLZZM\SS`WYVK\JLKUL^WYVK\J[Z (TVUN[OLZLHYLKLZPNUPUNHUKWYVK\JPUN!P KPMMLYLU[[`WLZVMº:THY[+;Z»"PP[OLÄYZ[+;MVY OHaHYKV\ZHYLHZPPP^PUK[\YIPULNLULYH[VYMVY L_[YLTLJVUKP[PVUZHUKP]MH[PN\LWYVVM^PUK [\YIPULNLULYH[VY[YHUZMVYTLYZ;OL+;WSHU[PU >HZOPUN[VU4PZZV\YP<:(+;<:KL]LSVWLK UL^THYRL[ZZ\JOHZVPSHUKNHZPU[OL<:"HU 6,4HUKOLH]`PUK\Z[Y`THYRL[PU[OL<:"HUK HYLUL^HISLZTHYRL[PU3H[PU(TLYPJH ;OL+;I\ZPULZZPU0UKPH^P[OLX\PWTLU[ WYVK\JLKPUWSHU[;OHZILLUHMMLJ[LKK\L [VLJVUVTPJZSV^KV^U^OPJOP[OHZTL[I` VMMLYPUNSV^LYWYPJLZ

Power Systems and Solutions BELGIUM ;OL:`Z[LTZKP]PZPVUPU)LSNP\T:@),OH]PUN P[ZMYVU[VMÄJLPU4LJOLSLU)LSNP\TMVYWYVQLJ[ THUHNLTLU[HUKOPNOSL]LSLUNPULLYPUNH]HPSZ VMHULUNPULLYPUNIHJRVMÄJLPU/\UNHY`;OPZ HSSV^ZHJVZ[LMÄJPLU[I\[ÅL_PISLLUNPULLYPUN YLZWVUZL[VJ\Z[VTLYULLKZ)V[OLUNPULLYPUN [LHTZPU/\UNHY`HUK)LSNP\TOH]LNHPULK L_WLYPLUJLPU^VYRPUNQVPU[S`VUWYVQLJ[Z ;OPZI\ZPULZZOHZKVUL^LSS.YVZZZHSLZ YL]LU\L^HZÁTPSSPVUMVY-@^P[O HWYVÄ[HIPSP[`[OH[^HZOPNOLYJVTWHYLK[V [OLWYL]PV\Z`LHY0UHUV[OLY^PZLOPNOS` JVTWL[P[P]LTHYRL[[OLJVU[PU\LKZ[HISL WLYMVYTHUJLVM:@),PZVUHJJV\U[VMZ[YVUN L_LJ\[PVUIHJRLKI`ZVSPKYPZRTHUHNLTLU[ HUKHUVYNHUPZH[PVU[OH[PZJHWHISLVM PKLU[PM`PUNHUKTP[PNH[PUNSPHIPSP[PLZPUJVU[YHJ[Z PUHULHYS`Z[HNL :@),OHZZLJ\YLKHZ[YVUNWVZP[PVUHUK YLW\[H[PVUPURL`UPJOLTHYRL[ZZ\JOHZ VMMZOVYLHUKTVIPSLZ\IZ[H[PVUZ[OHURZ[V Z\JJLZZM\S^VYRVUTHQVYWYVQLJ[ZZ\JOHZ!P )LS^PUKHUVMMZOVYL^PUKWYVQLJ[VU[OL5VY[O :LH"PP5VY[O^PUKHUV[OLYVMMZOVYL5VY[O:LH WYVQLJ[VMM[OLJVHZ[VM)LSNP\T"PPP)\[LUKPLR VU[OL.LYTHU5VY[O:LHVMM[OLJVHZ[VM :JOSLZ^PN/VSZ[LPUP](TY\TIHUR>LZ[ VMMZOVYLMYVT/LSNVSHUKPU[OL.LYTHU5VY[O :LH"HUK][OL/\TILY.H[L^H`VMMZOVYL ^PUKMHYTWYVQLJ[^OPJO^HZQVPU[S`L_LJ\[LK ^P[O:`Z[LTZ<2

Z\IZ[H[PVU

Z^P[JO`HYKZ\W[VR="PP.0:Z\IZ[H[PVUZ \W[VR="PPP:*(+(WYVQLJ[Z"HUKP] LSLJ[YPJHSIHSHUJLVMWSHU[WYVQLJ[ZMVYWV^LY WSHU[Z

R .LTPUP5L[OLYSHUKZ!(THQVYVMMZOVYL

R :\IZ[H[PVUZLY]PJLHUKTHPU[LUHUJL

^PUKWHYRPU]VS]PUNVMMZOVYLOPNO]VS[HNL Z\IZ[H[PVUZHUVUZOVYLZ\IZ[H[PVUHUK[OL LSLJ[YPJHSNYPKJVUULJ[PVU;OLM\SS]HS\LVM[OPZ JVU[YHJ[WH`HISLVU[OL\Z\HSJVTWSL[PVUVM WYVQLJ[IHZPZPZÁTPSSPVU:PUJL[OPZVYKLY^HZ YLJLP]LK[V^HYKZ[OLLUKVM[OL`LHYHTHQVYP[` VMP[^PSSILIVVRLKPU-@

R .0:L_[LUZPVUHUKYLM\YIPZOTLU[

:PNUPÄJHU[VYKLYZYLJLP]LKPU-@^LYL! R -YHUJL! 4=(^PUKMHYTZ\IZ[H[PVU R :,*:H\KP(YHIPH!4=(TVIPSL

;^VTHQVYVYKLYZ^LYLL_LJ\[LKPU-@ ;OLZL^LYL!PJVU]LU[PVUHSZ\IZ[H[PVUZ PU2LU`HHUKPPJHSJ\SH[PVULUNPULLYPUN MHIYPJH[PVUHUKZ\WLY]PZPVUVMHTHPU [YHUZMVYTLYHUK4=(YYLHJ[VYZMVYHWYVQLJ[PU +LUTHYR :@),OHZZ\JJLZZM\SS`\ZLKRL`WYVK\J[Z MYVT*.7V^LY:`Z[LTZZ\JOHZ(0:HUK .0:JPYJ\P[IYLHRLYZWV^LYHUKKPZ[YPI\[PVU [YHUZMVYTLYZHUKH\[VTH[PVUZ`Z[LTZ[VJYLH[L W\SS[OYV\NO»HUKNLULYH[LOPNOLYº^HSS[V^HSS» THYNPUZMVY[OL*VTWHU` UK 6UHJJV\U[VMJOHSSLUNPUNTHYRL[JVUKP[PVUZ THU`L_WLJ[LKTHYRL[VWWVY[\UP[PLZKPKUV[ TH[LYPHSPZLPU[OLVMMZOVYL^PUKTHYRL[PU<2 ;OLYL^LYLHSZVKLSH`ZPU[OL5H[PVUHS.YPKHUK +PZ[YPI\[PVU5L[^VYR6WLYH[VYTHYRL[ZK\L[V [OLPU[YVK\J[PVUVMHUL^YLN\SH[VY`YLNPTL /V^L]LY[OLSVUNLY[LYTWYVZWLJ[ZHYLZ[YVUN KYP]LUI`[OLULLK[V\WNYHKLHUKL_WHUK[OL <2»ZLSLJ[YPJHSPUMYHZ[Y\J[\YLPUSPUL^P[O[OL YLN\SH[VY»ZL_WLJ[H[PVUZHUKHU\W[\YUPU[OL LJVUVT`^OPJOL_JLLKZ[OH[VM[OL,\YVaVUL +\YPUN-@MV\YTHQVYVYKLYZ^LYL YLJLP]LK;OYLL^LYLVUZOVYLWYVQLJ[ZPU[OL <2;OLZLPU]VS]LK!PZL[[PUN\WH[\YURL` R=.0:Z\IZ[H[PVU"PPKVPUNHR= JHISLJVUULJ[PVUIL[^LLUHWV^LYWSHU[HUK [OL3VUKVU.H[L^H`7VY["HUKPPPHR= Z\IZ[H[PVU[VJVUULJ[H4>ZVSHYMHYT[V[OL UL[^VYR;OLMV\Y[OVYKLY^HZMYVT(aLYIHPQHU PU]VS]LHUPU[LNYH[LKWHJRHNLVMWV^LYHUK KPZ[YPI\[PVU[YHUZMVYTLYZVMP[ZVPSÄLSKZ INDONESIA ;OL7V^LY:`Z[LTZI\ZPULZZV\[VM0UKVULZPH :@0+OHZ[OLMVSSV^PUNVMMLYPUN[VJ\Z[VTLYZ! R 4VIPSLHUKTVK\SHYZ\IZ[H[PVUZ\W[V R= R ;\YURL`OPNO]VS[HNLLSLJ[YPJHS,7*WYVQLJ[Z PU]VS]PUNPJVU]LU[PVUHSZ\IZ[H[PVUZHUK,/=

:@0+OHZWLYMVYTLK^LSSPU-@HUK L_JLLKLKP[,)0;I\KNL[I`HMHJ[VYVM[OYLL 0[Z\JJLZZM\SS`OHUKLKV]LY.0:HUK (0:TVIPSLZ\IZ[H[PVUZVM4=(LHJO[V 7350UKVULZPH0[OHZHSZV^VUH4HSH`ZPHU VYKLYMYVT;5)MVY[^VTVIPSLZ\IZ[H[PVUZ VM 4=(R=^OPJO^PSSIL(ZPH»Z SHYNLZ[Z\JOZ\IZ[H[PVU"HUKVULTVIPSL Z\IZ[H[PVUVM4=(R= INDIA: THE ENGINEERING PROJECTS DIVISION ;OL,UNPULLYPUN7YVQLJ[Z+P]PZPVU»Z,7+ J\YYLU[VMMLYPUNZPUJS\KL! R ;\YURL`(0:Z\IZ[H[PVUZVMR=R= HUKR= R ;\YURL`.0:Z\IZ[H[PVUZMYVTR=[V R= R 7\YLPUZ[HSSH[PVUHUKJVTTPZZPVUPUNVM WYVQLJ[Z (ZVM4HYJOOHKVWLUWYVQLJ[Z HJYVZZ ZP[LZ^P[OHU<,6)VMHSTVZ[ 9ZJYVYL+\YPUN-@,7+Z\MMLYLK SVZZLZTHPUS`VUHJJV\U[VMPZZ\LZ^P[OZP[L JVTWSL[PVUSLHKPUN[VJVZ[ZV]LYY\U;OL I\ZPULZZPZPU[OLWYVJLZZVMYLVYPLU[PUNP[ZLSM[V V]LYJVTL[OLHIV]LPZZ\LZHUKOHZILLU]LY` ZLSLJ[P]LPUHJJLW[PUNUL^VYKLYZ

Automation ;OL[OYLLWYVK\J[SPULVM(\[VTH[PVUI\ZPULZZ HYL! R :(:VY[OL:\IZ[H[PVU(\[VTH[PVUHUK ;LSLJVTT\UPJH[PVU:`Z[LTZ R +(:VY[OL+PZ[YPI\[LK(\[VTH[PVU:`Z[LTZ R ;YHUZP[H\[VTH[PVUHUKZ\WLY]PZVY`JVU[YVS MVYLSLJ[YPJ[YHUZWVY[H[PVUHUK^H[LY\[PSP[PLZ ;OLH\[VTH[PVUI\ZPULZZHPTZ[VILJVTL H^VYSKJSHZZWYV]PKLYVMZTHY[NYPKHUK Z\IZ[H[PVUH\[VTH[PVU[V*.»ZNSVIHS J\Z[VTLYZPU[OL[OYLLKVTHPUZTLU[PVULK HIV]L(Z[OL[LJOUVSVN`Z[HY[ZNL[[PUN PUJYLHZLKJVTTLYJPHSKLTHUK[OLYLPZZJVWL MVYPUJYLHZPUN[OL:(:HUK+(:I\ZPULZZLZ PU>LZ[LYU,\YVWLLZWLJPHSS`PU[OL,\YVHYLH HUK:WHPU^OLYL[OPZI\ZPULZZOHZHJSLHY WYLZLUJL

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

31


The continued stable performance of SY BE is on account of strong execution backed by solid risk management and an organisation that is capable of identifying and mitigating liabilities in contracts in an early stage

:VTLVM[OLVYKLYZZLJ\YLKK\YPUN-@ ^LYLMYVT! R 0ILYKYVSHPU:WHPUMVYZTHY[TL[LYZ JVUJLU[YH[VYZHUKKPZ[YPI\[LKH\[VTH[PVU Z`Z[LTZ R .HZ5H[\YHS-LUVZH.5-:WHPUMVYZTHY[ TL[LYZ R 3H[PU(TLYPJH!MYVT(KTPUPZ[YHJPVU5HJPVUHS KL,SLJ[YPJPKHK(5+,PU7HYHN\H`MVYZTHY[ TL[LYZHUKMYVT*VTWHUOPH/PKYV,St[YPJH KV:qV-YHUJPZJV*/,:-PU)YHaPSMVYI\ZIHY KPMMLYLU[PHSZ`Z[LTZ R ,9+-PU-YHUJLMVYWYV[LJ[PVUKL]PJLZ R 4PUPZ[Y`VM,SLJ[YPJP[`0YHXMVYWYV[LJ[PVUHUK JVU[YVSZ`Z[LTZ R ;OL:H\KP,SLJ[YPJP[`*VTWHU`:,*:H\KP (YHIPHMVY[HWJOHUNLYWYV[LJ[PVUYLSH`Z R 7.*030UKPHMVYWYV[LJ[PVUHUKJVU[YVS KL]PJLZPUP[PHSS`MVYÃ&#x201E;]LZ\IZ[H[PVUZ ;OLSHZ[[OYLLVYKLYZHYLZPNUPÃ&#x201E;JHU[MYVT HZ[YH[LNPJWVPU[VM]PL^;OLH\[VTH[PVU I\ZPULZZ»M\[\YLNYV^[OPZIHZLK\WVU SL]LYHNPUN[OLO\NLWV[LU[PHSKLTHUK[OH[ PZILNPUUPUN[VZOV^\WHJYVZZ(ZPHHUK (MYPJH;OPZOHZSLK[V[OLI\ZPULZZMVJ\ZPUN VUPUJYLHZPUNP[ZWVY[MVSPVVMOVTVSVNH[LK HUK[LZ[LKWYVK\J[ZHUKZVS\[PVUZ[VTLL[ [OLYLX\PYLTLU[ZVMRL`LTLYNPUNTHYRL[ JV\U[YPLZ;OLMHJ[[OH[P[OHZILLUZ\JJLZZM\S PUTHRPUNHULU[Y`PU[V0YHX:H\KP(YHIPH HUK0UKPHZOV^Z[OH[P[PZTV]PUNPU[OLYPNO[ KPYLJ[PVU 0U[OPZJVU[L_[P[PZ^VY[OZ[H[PUN[OH[[OL H\[VTH[PVUI\ZPULZZ»MHJPSP[`PU)LUNHS\Y\ 0UKPHOHZILLUZ\JJLZZM\SS`JVTTPZZPVULK >P[OHUPU]LZ[TLU[VM9ZJYVYL[OPZWSHU[JHU UV^WYVK\JL\W[V:(:KL]PJLZPU0UKPH H[TVYLJVTWL[P[P]LWYPJLZ[VIPKMVY[LUKLYZPU 0UKPH:V\[O(ZPHHUK[OL:,(7 ;OLH\[VTH[PVUNYV\WOHZHSZVZLJ\YLK WYVK\J[HWWYV]HSZMYVT!P7.*03PU0UKPHMVY WYV[LJ[PVUHUKJVU[YVSKL]PJLZ"PP[OL-LKLYHS .YPKPU9\ZZPHMVYWV^LYSPULJHYYPLYZHUK [LSLWYV[LJ[PVUKL]PJLZ"PPP*VTPZPVU-LKLYHS KL,SLJ[YPJPKHK*-,VM4L_PJVMVYKPZ[HUJL WYV[LJ[PVU"P]7OPSPWWPULZMVYMLLKLYWYV[LJ[PVU" HUK][OL,ULYN`5L[^VYRZ(ZZVJPH[PVU,5( PU[OL<2MVYZL]LYHSKL]PJLZ 4VYLV]LY[OLI\ZPULZZOHZOLSWLK[V KLWSV`H[V[HSVMZTHY[NYPKWPSV[WYVQLJ[Z HJYVZZ[OL^VYSKPUJV\U[YPLZZ\JOHZ 7VY[\NHS3\_LTIV\YN7VSHUK9\THUPH 3LIHUVU0UKPH)YHaPSHUK(YNLU[PUH;OLTVZ[ ZPNUPÃ&#x201E;JHU[HJOPL]LTLU[VM[OL+(:I\ZPULZZ ^HZ[VZLJ\YL[OL[LJOUPJHSWYLX\HSPÃ&#x201E;JH[PVU

32

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

[VWHY[PJPWH[LPU[OL,9+-3PUR`WYVQLJ[MVY[OL KLWSV`TLU[VMZTHY[TL[LYZPU-YHUJL

Services ,4,( ;OPZZLNTLU[JVU[PU\LZ[VMHJLZ[YVUN JVTWL[P[PVUHJYVZZ[YHKP[PVUHSJV\U[Y`IHZLK ZLY]PJLZLNTLU[Z^OPJO^LYLKYP]PUNKV^U THYRL[WYPJLHUKTHYNPUZ:[YVUNJVZ[ YLK\J[PVU^HZPU[YVK\JLKHJYVZZZLY]PJL I\ZPULZZ[VWYV[LJ[,)0;(J[PVUZK\YPUN -@PU]VS]LKL_WHUKPUN]HS\LHKKLK ZLY]PJLZVMMLYPUNMYVT[YHKP[PVUHS[YHUZMVYTLY HUKZ^P[JONLHYPUZ[HSSH[PVUJVTTPZZPVUPUN HUKTHPU[LUHUJL[VSL]LYHNPUNL_WLY[PZL LUOHUJLKJ\Z[VTLY[YHPUPUNHK]HUJLKHZZL[ THUHNLTLU[;OLZLPTWVY[HU[KL]LSVWTLU[Z HUKHKQHJLUJPLZWS\ZHMVJ\ZVUYLNPVUIHZLK I\ZPULZZJV]LYHNLV\NO[[VPTWYV]LIV[O[OL [VWSPULHUK[OL,)0;THYNPUZMVY[OPZI\ZPULZZ KLZWP[LL_[YLTLS`VULYV\ZTHYRL[JVUKP[PVUZ HUKJVTWL[P[PVU

;OL(TLYPJHZ 3HZ[`LHY[OL(TLYPJHZYLNPVUZ[HY[LK^P[O H*.:LY]PJLZ+P]PZPVU[VMVJ\ZVUZLY]PJPUN [YHUZMVYTLYZHUKZ\IZ[H[PVUZ[OYV\NOV\[5VY[O (TLYPJH>OPSL[OLVYKLYPU[HRLPZOLH]PS`YLSPHU[ VUPUZ[HSSH[PVUVYWHY[ZYLSH[LK[V*.WYVK\J[Z [OPZZ[PSSJVTWYPZLZZPNUPÃ&#x201E;JHU[KLTHUK;V NP]LHUL_HTWSL!4HUP[VIH/`KYVPU*HUHKH OHZZVTL[YHUZMVYTLYZYHUNPUNMYVT 4=([V/=+*\UP[Z:VTL VM[OLZLOH]L ILLUTHU\MHJ[\YLKI`*.VYP[ZWYLKLJLZZVY 7H\^LSZ;OLYLMVYL*.OHZ[OLPUOV\ZL JVTWL[LUJPLZ[VZLY]PJLZ\JOLX\PWTLU[ ELECTRICITY DISTRIBUTION: JALGAON, MAHARASHTRA -YVT5V]LTILY*.OHZILLU THUHNPUN[OL1HSNHVU4HOHYHZO[YH KPZ[YPI\[PVUMYHUJOPZL([[OH[[PTL[OL1HSNHVU HYLHOHKV]LY KPZ[YPI\[PVUSVZZLZ"[OL MHPS\YLYH[LZVM[YHUZMVYTLYZHUKZ^P[JONLHYZ ^LYLOPNO"IPSSPUNLMÃ&#x201E;JPLUJ`^HZ "HUKVU [OH[WVVYIPSSPUN[OLJVSSLJ[PVULMÃ&#x201E;JPLUJ`^HZ  0UV[OLY^VYKZHSP[[SLV]LY[^V[OPYKZ VM[OL\ZLYZ^LYLIPSSLK"HUKVUS`MV\YÃ&#x201E;M[OZVM [OLTHJ[\HSS`WHPK ;OLYLOHZILLUT\JOPTWYV]LTLU[ZPUJL [OLU0U-@[OLYL^LYLV]LY J\Z[VTLYZHUK[OL[YHUZTPZZPVUHUK KPZ[YPI\[PVUSVZZLZ^LYLKV^U[V  ;OLI\ZPULZZWPVULLYLK*.»Z:THY[.YPK 4L[LY7YVQLJ[;OPZOHZILLUKVULI`YLWSHJPUN [OLVSKUL[^VYRPU\YIHUHYLHZ^P[OZPUNSL


WOHZLZTHY[TL[LYZPU[OL\YIHUHYLHHUK[^V KH[HJVUJLU[YH[VY\UP[Z;OLJVUULJ[P]P[`PZ NVVKHUK[OLJVUZ\TW[PVUKH[HVMJVUZ\TLYZ PZPUZ[HU[S`[YHUZTP[[LK[V[OLZ`Z[LT;OPZ [LJOUVSVN`^PSSILM\Y[OLYHKVW[LKHJYVZZ[OL \YIHUaVULVM[OLMYHUJOPZLLZWLJPHSS`PUHYLHZ ^OLYL[OLYLHYLOPNOWV^LY\ZLJ\Z[VTLYZ 4VYLV]LY*.OHZ^VYRLK^P[O0UMVZ`ZVUL VM0UKPH»ZSLHKPUNNSVIHS0;ZLY]PJLWYV]PKLYZ [VJYLH[LHU0;IHZLKPU[LNYH[LKºZTHY[IPSSPUN» Z`Z[LTH[1HSNHVU;OPZPU[LNYH[LZIPSSPUN PUJS\KPUNVUSPULIPSSWH`TLU[Z^P[OHJ\Z[VTLY MHJPSP[H[PVUJLU[YLHZZL[THPU[LUHUJLHUK TL[LYYLHKPUN[OYV\NOTVIPSLKL]PJLZ -\Y[OLYPTWYV]LTLU[ZPUJS\KL! R :PNUPÃ&#x201E;JHU[YLK\J[PVUPU[OLZ[LHSPUNVM WV^LY[OYV\NOºOVVRPUN»I`YLWSHJPUNSV^ [YHUZTPZZPVUV]LYOLHKIHYLJVUK\J[VYZ^P[O JHISLZ R R=HUKR=]HJ\\TJPYJ\P[IYLHRLYZ OH]LILLUPUZ[HSSLK[VPTWYV]L[OLYLSPHIPSP[`VM WV^LYZ\WWS` R -V\Y[LLUR=MLLKLYZOH]LILLUJSLHYS` IPM\YJH[LK[VTHPU[HPU\UPU[LYY\W[LKWV^LY Z\WWS` R 9LN\SHYTHPU[LUHUJL^VYROHZILLUJHYYPLK V\[VU[YHUZMVYTLYZ"VURTVMR= SPULZPU\YIHUHUKY\YHSHYLHZVM[OLMYHUJOPZL" HUKVURTVMR=SPULZ R UL^JVUULJ[PVUZOH]LILLUNP]LUPU -@ R MH\S[`VYI\YU[V\[TL[LYZOH]LILLU YLWSHJLKHTV\U[PUN[VHYV\UK VM[OL WVW\SH[PVU R )PSSPUNLMÃ&#x201E;JPLUJ`OHZPUJYLHZLK[VHSTVZ[  "HUKJVSSLJ[PVULMÃ&#x201E;JPLUJ`OHZPTWYV]LK[V V]LY   1HSNHVUOHZNP]LU*.JVUZPKLYHISLL_WLYPLUJL PUTHUHNPUNHYLHSSPMLLSLJ[YPJP[`KPZ[YPI\[PVU MYHUJOPZLPUHJV\U[Y`HZKPMÃ&#x201E;J\S[HZ0UKPH)` PU[LNYH[PUNHU0;KYP]LUZTHY[NYPKTL[OVKVSVN` ^P[O\WRLLWH\[VTH[PVUTHPU[LUHUJL IPSSPUNZJ\Z[VTLYZLY]PJLHUKPU]LU[VY`JVU[YVS 1HSNHVUPZOLSWPUN*.[V\UKLYZ[HUK^OH[P[ [HRLZ[VY\UWV^LYKPZ[YPI\[PVUMYHUJOPZLZ0U [OLWYVJLZZ[OL*VTWHU`PZÃ&#x201E;UL[\UPUNP[Z ZTHY[NYPKVMMLYPUNZHUKWYVJLZZLZ·ZVHZ[V THRLZPTPSHYIPKZPUV[OLYYLNPVUZHZHUK^OLU [OLZLHYPZL-YVT[OLWLYZWLJ[P]LVMÃ&#x201E;UHUJPHS YLWVY[PUN[V[OLZ[VJRL_JOHUNLZ[OLÃ&#x201E;UHUJPHSZ VM[OL1HSNHVU+PZ[YPI\[PVUMYHUJOPZLHYLUV[ PUJS\KLKPU[OL7V^LY)<YLZ\S[Z"I\[HYLZOV^U ZLWHYH[LS`PUº6[OLYZ»

CG Industrial Systems *.0UK\Z[YPHS:`Z[LTZTHU\MHJ[\YLZ[OL MVSSV^PUN[`WLZVMWYVK\J[Z! R /PNO[LUZPVU/;TV[VYZ R 3V^[LUZPVU3;TV[VYZ R -YHJ[PVUHSOVYZLWV^LY-/7TV[VYZ R +PYLJ[J\YYLU[+*TV[VYZ R (*HUK+*KYP]LZ R (*NLULYH[VYZ R =HYPHISLMYLX\LUJ`KYP]LZHUKZVS\[PVUZ IHZLKVUPUZ\SH[LKNH[LIPWVSHY[YHUZPZ[VY 0.);[LJOUVSVN`"ZVM[Z[HY[LYZHUKZOHM[ WV^LYTVUP[VYZ"HUKYV[HY`OLH[L_JOHUNLYZ ^P[OZ^P[JOYLS\J[HUJLTV[VYZMVYZH]PUN LULYN` R ;YHJ[PVULSLJ[YVUPJZHUK[YHJ[PVUTHJOPULZ MVYYHPS^H`[YHUZWVY[H[PVU R 9HPS^H`ZPNUHSSPUNLX\PWTLU[ R :[HTWPUNZ ;HISLNP]LZ[OLÃ&#x201E;UHUJPHSWLYMVYTHUJLVM 0UK\Z[YPHS:`Z[LTZV]LY[OLSHZ[[^V`LHYZ 0UK\Z[YPHS:`Z[LTZ»UL[ZHSLZYLK\JLKI`  V]LY[OLWYL]PV\Z`LHY[V9ZJYVYL /PNOLYTH[LYPHSJVZ[ZSHJRVMVYKLYZILJH\ZL VM[OLZSV^KV^UPU0UKPHHZ^LSSHZPU,\YVWL HUKZL]LYLWYPJPUNWYLZZ\YLZOH]LSLK[VH  KYVWPU,)0+;([V9ZJYVYL+\L[VH NYLH[LYKLWYLJPH[PVUJOHYNLVUHJJV\U[VM[OL UL^YV[H[PUNTHJOPULMHJPSP[PLZH[4HUKPKLLW 0UKPH^P[OV\[ILPUNJVTWLUZH[LKI`OPNOLY NYVZZTHYNPUZ,)0;YLK\JLKI` [V 9ZJYVYL.P]LUOPNOLYJHWP[HSLTWSV`LK HUKSV^LY,)0;[OL96*,YLK\JLKI` WLYJLU[HNLWVPU[Z[V  /H]PUNZHPKZV[OLYLHYLYLHZVUZ[VILSPL]L [OH[*.OHZSHPK[OLMV\UKH[PVUZMVYM\[\YL NYV^[OVM[OPZI\ZPULZZ;OLTVZ[PTWVY[HU[ YLHZVUPZ[OH[M\SS`TVKLYUJHWHJP[PLZOH]L ILLUZ`Z[LTH[PJHSS`JYLH[LKH[4HUKPKLLW ULHY)OVWHS0UKPH^OPJOJHUUV^IL\ZLK [VWYVK\JL^VYSKJSHZZTV[VYZHUKKYP]LZ MVY,\YVWL[OL4PKKSL,HZ[HUK(MYPJHHUK [OL:,(7YLNPVU0[PZYLHJOPUNV\[[VHJYVZZ [OL^VYSKHUKOHZZVMHYYLJLP]LKHWWYV]HSZ MYVTNSVIHS6,4:HWHY[MYVTMV\YSHYNL LUK\ZLYZ,_WVY[ZMYVT[OPZ)<PUJYLHZLKI`  [OPZ`LHY ;OL0UK\Z[YPHS:`Z[LTZ)<YLJLP]LK[OL º*VTWHU`VM[OL@LHY»H^HYKMVY3LHKLYZOPW ,_JLSSLUJLPU[OL,SLJ[YPJ4V[VY0UK\Z[Y`MYVT -YVZ[ :\SSP]HUPU0UKPH

TABLE 04

Performance of the CG Industrial Systems Business In Rs. F Y2 0 1 3

F Y2 0 1 4

P E RCE N T

UNEXECUTED ORDER BOOK (UEOB)

601

655

crore

crore

W8.9%

NET SALES

1,835

1,816

crore

crore

X1.0%

EBIDTA (INCLUDING OTHER INCOME)

251

171

crore

crore

X32.0%

EBIT

214

128

crore

crore

X40.0%

CAPITAL EMPLOYED

866

951

crore

crore

W9.8%

ROCE

24.7%

13.5%

X11.2 pp*

7LYJLU[HNL7VPU[Z

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

33


Motors, Generators and Railway Products

TABLE 05

Performance of the CG Consumer Products Business In Rs. F Y 20 13

FY2 014

PER CENT

2,593

2,847

W9.8%

crore

crore

NET SALES

EBIDTA (INCLUDING OTHER INCOME)

287

349

crore

crore

W21.7%

EBIT

278

337

crore

crore

W21.4%

CAPITAL EMPLOYED

110

121

crore

crore

W9.8%

ROCE

252.0% 278.5% W26.5 pp* 7LYJLU[HNL7VPU[Z

(^VYSKJSHZZSHYNLYV[H[PUNTHJOPULZMHJPSP[` OHZILLUI\PS[H[4HUKPKLLWJV]LYPUNHU HYLHVM ZX\HYLTL[YLZ0[OHZHZ[H[L VM[OLHY[THJOPULZH\[VTH[PVUHUKWYVJLZZ [LJOUVSVNPLZHUKJHUWYVK\JL\W[VSHYNL THJOPULZWLY`LHY,SLJ[YPJV]LYOLHK[YH]LSSPUN JYHULZJHUOHUKSL^LPNO[ZVMTL[YPJ[VUZ HUK[OLZ[Y\J[\YLJHUHJJVTTVKH[LH^LPNO[ \W[VTL[YPJ[VUZ0[OHZ[LZ[MHJPSP[PLZ\W [V4>MVY4=TV[VYZHUK\W[V4=( MVYZ`UJOYVUV\ZNLULYH[VYZ;OL^PUKPUN HUK]HJ\\TWYLZZ\YLPTWYLNUH[PVU=70 WYVJLZZLZHYLH\[VTH[LK·YLZ\S[PUNPULULYN` LMÃ&#x201E;JPLUJ`HZ^LSSHZOPNO[OYV\NOW\[;OL MHJPSP[`PU[LNYH[LZYV[H[PUNTHJOPUL[LJOUVSVN` MYVT*.,SLJ[YPJ:`Z[LTZPU/\UNHY`;OL 3=HUK4=TV[VYZWSHU[H[4HUKPKLLWOHZ ILLUHWWYV]LKI`.,6PSHUK.HZMVYNSVIHS ZV\YJPUN;OPZNP]LZ*.HZ[YH[LNPJ]LUKVY Z[H[\ZMVYHRL`OPNONYV^[OZLJ[VY ;OLI\ZPULZZHSZVOHZHKLKPJH[LKWYVK\J[ WVY[MVSPV[VTLL[[OL\UPX\LULLKZVM0UKPHU 9HPS^H`ZZ\JOHZ[YHJ[PVUZTV[VYZHUK ZWLJPHSPZLKLSLJ[YVUPJZ+\YPUN-@ P[KL]LSVWLKHUPU[LNYH[LKWV^LYZ\WWS` Z`Z[LTMVYYHPS^H`ZPNUHSSPUNZ`Z[LTZ;OLÃ&#x201E;YZ[ 0.);WV^LYJVU]LY[LY^HZHSZVZ\JJLZZM\SS` KL]LSVWLKHUKZ\WWSPLK[V0UKPHU9HPS^H`ZHUK PZJ\YYLU[S`\UKLYZLY]PJL[YPHS :VTLVM[OLV[OLYUL^WYVK\J[ZKL]LSVWLK PU-@HYL! R )Y\ZOSLZZ+*)3+*IPSNLW\TWZMVY KLMLUJLZLJ[VY R -SHTLWYVVM0,3=HUK4=TV[VYZ\W[V MYHTL R ,SP[LZLYPLZZPUNSLWOHZL-/7TV[VYZ\W[V 2>^P[OHS\TPUP\TIVK`HUK^PYL R *SHZZPRZLYPLZ7VSL[OYLLWOHZL(*3= TV[VYZ\W[V2> R ;OYLLWOHZL(*[YHJ[PVUTV[VYZMVY /7KPLZLSLSLJ[YPJSVJVHWWSPJH[PVUZ R .HZ[\YIPULZ[HY[LY4=TV[VYZPUMYHTL

JPYJ\SH[PUN^H[LYW\TWHWWSPJH[PVUMYVT9\ZZPH MVYHU\JSLHYWV^LYWSHU[ R ;OL5\JSLHY7V^LY*VYWVYH[PVUVM0UKPH 3PTP[LK57*03OHZHWWYV]LK*.»Z3=HUK4= TV[VYZMHJPSP[PLZPU0UKPH R 9LJLP]LKVYKLYMVYZ\WWS`VM-/7 Ã&#x2026;HTLWYVVMTV[VYZMYVTHUVPSHUKNHZ6,4PU 0UKPHHUKZ\WWS`VM-/7TV[VYZMYVT /=(*HU6,4MYVT;\YRL` R 9LJLP]LKVYKLYMVYZ\WWS`VM 3=TV[VYZ [V[OLYTHSWV^LYWSHU[ZPU0UKPH R [YHJ[PVUTV[VYZMYVT0UKPHU9HPS^H`ZMVY Z\WWSPLZ[V+PLZLSHUK(*SVJVTV[P]LZ,4<Z HUKKPLZLS,4<Z R ZL[ZVM[YHJ[PVULSLJ[YVUPJZWYVW\SZPVU Z`Z[LTZHUKZL[ZVMJVTWSL[LLSLJ[YPJZMYVT 0UKPHU9HPS^H`Z R (SHYNL]LY[PJHSZ`UJOYVUV\ZNLULYH[VY VYKLYVM_4=(7VSLMYVT9\ZZPHMVY KLSP]LY`HUKPUZ[HSSH[PVUH[7HUHTHHUKVYKLY MYVT*aLJO9LW\ISPJMVY 4=(WVSLO`KYV NLULYH[VYZ[H[VYYLM\YIPZOTLU[

Drives (UL^THU\MHJ[\YPUNMHJPSP[`MVYSV^]VS[HNL 3=(*KYP]LZ^HZPUH\N\YH[LKPU4HUKPKLLW VU1\S`0[OHZ[OLJHWHJP[`[VWYVK\JL KYP]LZWLYHUU\TWLYZOPM[^P[O[LZ[ MHJPSP[PLZMVYKYP]LZ\W[VR>;OLWSHU[ PU[LNYH[LZ[LJOUVSVNPLZMYVT,TV[YVU0U ZV\YJPUN[OLKYP]LZI\ZPULZZTV]LKWYVK\J[Z MYVTOPNOJVZ[JV\U[YPLZ[V0UKPH^P[OHUV]LYHSS ZH]PUNZVM ;OLI\ZPULZZHKKLKUL^ J\Z[VTLYZ6,4Z[OYLLUL^KLHSLYZÃ&#x201E;]L Z`Z[LTOV\ZLZHUK UL^LUK\ZLYZ ZHSLZWLVWSL^LYLKLWSV`LKHJYVZZ0UKPHHUK JLU[YHSZLY]PJLJVVYKPUH[VYZ^LYLHWWVPU[LK PULHJOKP]PZPVU[VZ\WWVY[YLNPVUZVUZLY]PJL 5L^WYVK\J[ZPU[YVK\JLKK\YPUN-@^LYL P073=(*KYP]LPU[OLYHUNLVM2> [V2>-YHTLZ*+,HUK-"HUKPPUL^ NLULYH[PVUVMZVM[Z[HY[LYZPU[OLYHUNLVM([V (-YHTLHUK :PNUPÃ&#x201E;JHU[VYKLYZYLJLP]LKPU-@^LYL!

R :OHM[WV^LYTVUP[VY4^P[OUL^JVU[YVSZ

R -YVT:H\KP(YHIPHWYVQLJ[VYKLYMVY[LZ[

HUKZVM[^HYL R 4=(Z`UJOYVUV\ZNLULYH[VYZMVY [YHUZMVYTLY[LZ[WSHU[ R 2PIVZO:LYPLZ(*3=IYHRLTV[VYZ\W[V R>

ILUJO R 9LJLP]LKVYKLYMVYZ\WWS`VM]HYPV\ZYH[PUNZ VMHJ[P]LMYVU[LUKKYP]LZMVYJYHULHWWSPJH[PVUZ MYVT.LYTHU`

CG Consumer Products :PNUPÃ&#x201E;JHU[VYKLYZYLJLP]LKPU-@^LYL! R 3HYNL4=TV[VYVYKLYVM4>7VSLMYVT .LYTHU`MVYZJYL^JVTWYLZZVYHWWSPJH[PVUHUK 4=TV[VYZLHJOVM4>7VSLR=MVY

34

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;OL*.*VUZ\TLY7YVK\J[ZI\ZPULZZZ\WWSPLZ MHUZSPNO[PUNLX\PWTLU[SPNO[ZV\YJLZHUK S\TPUHPYLZW\TWZH^PKLYHUNLVMLSLJ[YPJHS OV\ZLOVSKHWWSPHUJLZHUKWYV]PKLZZVS\[PVUZ MVYPU[LNYH[LKZLJ\YP[`Z`Z[LTZOVTL


H\[VTH[PVUHUKZ[YLL[SPNO[PUN0[ZÃ&#x201E;UHUJPHS WLYMVYTHUJLPZNP]LUPU;HISL .YV^[O^HZYLSH[P]LS`ZSV^MVY[OL*. *VUZ\TLY7YVK\J[ZI\ZPULZZJVTWHYLK^P[O LHYSPLY`LHYZ,]LUZV*VUZ\TLY)<YLTHPUZ [OL*VTWHU`»ZZLJVUKSHYNLZ[I\ZPULZZ \UP[PU[LYTZVMYL]LU\LZHUKP[ZSHYNLZ[ JHZONLULYH[VY5L[ZHSLZNYL^I`  [V 9ZJYVYLPU-@)V[O,)0+;(HUK ,)0;OH]LNYV^UI`OLHS[O`KV\ISLKPNP[Z· [OLMVYTLY[V9Z JYVYLVY V]LY[OL WYL]PV\Z`LHY"HUK[OLSH[[LY[V9ZJYVYLVY  JVTWHYLK[V-@;OLI\ZPULZZ» 96*,OHZHNHPUYPZLU·I`V]LYWLYJLU[HNL WVPU[Z[V ^OPJOPZI`MHY[OLOPNOLZ[ HTVUNHSSJVTWL[P[VYZ.P]LU[OLPUP[PH[P]LZ \UKLY[HRLUK\YPUN[OL`LHY[OL)<L_WHUKLK P[ZYLHJO[VHWWYV_PTH[LS`YL[HPSLYZPU [OLKPZ[YPI\[PVUZLNTLU[HUKYL[HPSLYZPU [OLY\YHSZLNTLU[

Lighting *.»ZSPNO[PUNKP]PZPVUNYL^V]LY ]LYZ\ZHU V]LYHSSPUK\Z[Y`NYV^[OVM ;O\ZSPNO[PUN PTWYV]LKP[ZTHYRL[ZOHYL;OLI\ZPULZZOVSKZ HUV]LYHSS5VWVZP[PVUPU[OL0UKPHUTHYRL[ ^P[OSLHKLYZOPWPUOPNOPU[LUZP[`KPZJOHYNL SHTWZ\ZLKMVYW\ISPJSPNO[PUNPUK\Z[YPHSSPNO[PUN HUKÃ&#x2026;VVKSPNO[PUN R ;OLI\ZPULZZOHZKVUL]LY`^LSSPUZLSSPUN 3,+SPNO[PUN*.»ZNYV^[OPU3,+IHZLKSPNO[PUN WYVK\J[ZPZMV\Y[PTLZ[OH[VM[OLTHYRL[ 3H\UJOPUNHSHYNLYHUNLVM3,+WYVK\J[Z SPNO[PUNHUKS\TPUHPYLZHJYVZZHSSRL`THYRL[ ZLNTLU[ZOHZWSH`LKHYVSLPUILPUNHISL[V PU[YVK\JLH[V[HSVM:2<ZPU[OLTHYRL[PU -@*.^HZ[OLÃ&#x201E;YZ[[VSH\UJOHU3,+Ã&#x2026;H[ WHULSS\TPUHPYLPU[OLIYHUKLKJH[LNVY`HUK NHPULKHTHYRL[ZOHYLVM ^P[OPU[OLÃ&#x201E;YZ[ X\HY[LYVMP[ZPU[YVK\J[PVU R 5L^WYVK\J[ZHJJV\U[LKMVY VM[V[HS ZHSLVMSPNO[PUNHUK VMS\TPUHPYLZ R ;V[HS*-3KPYLJ[Ã&#x201E;[SPNO[PUNOHZNYV^UI`  ;OPZ^HZWVZZPISLK\L[VLUOHUJLTLU[ VMJHWHJP[`H[)HKKP0[HSZVOLSWLKPUZLJ\YPUNH THQVYVYKLYMYVT[OL.V]LYUTLU[VM9HQHZ[OHU MVYTPSSPVUWPLJLZ^OPJO^HZZTVV[OS` L_LJ\[LK[OYLLTVU[OZHOLHKVMZJOLK\SL 0U-@*.»Z*-3I\ZPULZZNYL^I`  ]LYZ\ZHTHYRL[NYV^[OVM [V  R *.PUZ[HSSLKHºZTHY[»Z[YLL[SPNO[H\[VTH[PVU WYVQLJ[MVY7.*03PU7\K\JOLYY`^OPJOOHZ HSSV^LK[OLT\UPJPWHSP[`[VZH]LLULYN`VM\W [V 

R 0[ZLJ\YLK[^VSHYNLZJHSLVYKLYZMYVT

PUMYHZ[Y\J[\YLJVTWHUPLZMVYZ[YLL[SPNO[PUNVM ZLJ[PVUZVMUH[PVUHSOPNO^H`Z R *.OHZILLU[OLÃ&#x201E;YZ[WSH`LYPU0UKPH[VSH\UJO OPNOWV^LYJOPWVUIVHYK*6)Z[YLL[SPNO[Z HUKOPNOIH`SPNO[Z[OHURZ[V[OL[LJOUVSVN` [PL\W^P[O)YPKNLS\_<:(MVY3,+JOPWZHZ^LSS HZSPNO[Z R ;OLI\ZPULZZOHZ[HRLU[OLSLHKPU PU[YVK\JPUNZVSHYLULYN`IHZLKZ[YLL[SPNO[PUN

In FY2014, CG became the first fan manufacturing enterprise in India to cross sales of 10 million units

Fans 0U-@*.ILJHTL[OLÃ&#x201E;YZ[MHU THU\MHJ[\YPUNLU[LYWYPZLPU0UKPH[VJYVZZ ZHSLZVMTPSSPVU\UP[Z5L[ZHSLZNYL^I`V]LY  ]LYZ\ZHTHYRL[NYV^[OVM *.MHUZ THYRL[ZOHYLPUJYLHZLKI`WLYJLU[HNL WVPU[ZV]LYSHZ[`LHY[VYLHJO ;OL ZLJVUK)HKKPWSHU[MVYTHU\MHJ[\YPUNMHUZPZ UV^M\SS`VWLYH[PVUHSHUKPZWYVK\JPUNTPSSPVU \UP[ZWLY`LHY5L^WYVK\J[ZHSLZHJJV\U[LK MVY VM[OLI\ZPULZZ»[VWSPUL9L]LU\LMYVT TVKLYUYL[HPSNYL^I` (UK[OLI\ZPULZZ JVU[PU\LK[VLUQV`P[Zº:\WLYIYHUK»Z[H[\ZMVY [OLLPNO[OJVUZLJ\[P]L`LHY

Pumps (JYVZZ[OLPUK\Z[Y`-@^HZHKPMÃ&#x201E;J\S[ `LHYMVYZLSSPUNW\TWZ4\JOVM0UKPHLUQV`LK LHYS`JVUZPZ[LU[HUKPUTHU`WHY[ZZ\YWS\Z TVUZVVU;OPZYHPZLK^H[LY[HISLZPUJYLHZLK ^H[LYÃ&#x2026;V^ZHUKYLK\JLK[OLULLKMVYHKKP[PVUHS W\TWPUNLZWLJPHSS`MVYHNYPJ\S[\YHSHUKY\YHS \ZL0UZ\JOHZP[\H[PVU[OLV]LYHSSW\TW PUK\Z[Y`KLNYL^I` *.THUHNLK[VZ[H` Ã&#x2026;H[[OLYLI`PUJYLHZPUNP[ZV]LYHSSTHYRL[ZOHYL I`IHZPZWVPU[Z[V 0U[OLYLZPKLU[PHS ZLNTLU[*.PTWYV]LKP[ZSLHKLYZOPWWVZP[PVU ^P[OHTHYRL[ZOHYLVMV]LY ;OLI\ZPULZZ LHYULKHOLHS[O`,)0+;(HUK,)0;THYNPU R *.OHZW\TWTVKLSZ^OPJOHYLYH[LK HUKZ[HYI`)\YLH\VM,ULYN`,MÃ&#x201E;JPLUJ`),, VM0UKPH R 9 +OLSWLK[VIYPUN[LJOUVSVNPJHSS` HK]HUJLKW\TWTVKLSZVUIVHYK^OPJO OLSWLKUL^WYVK\J[Z[VHJJV\U[MVY VM [V[HSW\TWZHSLZ R 0U[YVK\JLKHWYLTP\TYHUNL^P[OZ[HPUSLZZ

Z[LLSHUK*,+JH[OVKPJLSLJ[YVKLWVZP[PVU JVH[LKJHZ[PYVUW\TWZPUHSSTHQVYJP[PLZHJYVZZ 0UKPH;OLZLWYVK\J[ZSPRL[OLZ[HPUSLZZZ[LLS YHUNLVMZ\ITLYZPISLHUKT\S[PZ[HNLW\TWZ ZLSMWYPTPUNW\TWZSPRL[OL4PUP7HJPÃ&#x201E;JHUK4PUP 4HZ[LY7S\ZHUKWYLZZ\YLIVVZ[LYW\TWZOH]L KVUL^LSSPU[OLTHYRL[HUKPTWYV]LKIYHUK LX\P[`

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

35


R 0U[YVK\JLKJVTWL[P[P]LWYVK\J[ZSPRL

VWLU^LSSZ\ITLYZPISLZHUKHZOHSSV^^LSS TVUVISVJRZLYPLZ[VHJ[P]LS`JVTWL[LPU [OLHNYPJ\S[\YHSHUKY\YHSTHYRL[Z;OLZLHYL L_WLJ[LK[VNP]LZ\IZ[HU[PHSNYV^[OPU[OL JVTPUN`LHYZ R /HZW\[PU[OLTHYRL[HOPNOS`PUUV]H[P]L WYVK\J[SPUL!W\TWZ^P[O.:4TPJYVJOPW JVU[YVSSLYZ[OH[JHUILZ^P[JOLKVUVYVMM [OYV\NOHTVIPSLWOVULZPNUHS0[OHZHSZV PU[YVK\JLKT\S[PM\UJ[PVUHSLSLJ[YVUPJJVU[YVS WHULSZMVYZ\ITLYZPISLW\TWZ[VNP]LIL[[LY ZVS\[PVUZ[OHU[OLPYJVU]LU[PVUHSJV\U[LYWHY[Z

Appliances ;OPZI\ZPULZZPZYLSH[P]LS`ZTHSSHUKHJOPL]LK UL[ZHSLZVM9ZJYVYLPU-@0[Z\WWSPLZ HYHUNLVMKVTLZ[PJHWWSPHUJLZPUMV\YTHQVY WYVK\J[JH[LNVYPLZ!^H[LYOLH[LYZNL`ZLYZ ZTHSSHWWSPHUJLZWV^LYZVS\[PVUZHUKHPY JVVSLYZOLH[LYZ;OL`LHYZH^WH[LU[LK WVS`TLY[LJOUVSVN`ILPUNPTWSLTLU[LK HJYVZZNL`ZLYZ·^OPJOOHZOLSWLKTVZ[VM[OL WYVK\J[Z[VTHPU[HPU[OLPYZ[HYLULYN`YH[PUNZ L]LU\UKLYHZ[YPJ[LYZL[VMUVYTZW\[PUWSHJL I`[OL),,;OLI\ZPULZZHSZVZ\JJLZZM\SS` SH\UJOLKHUL^YHUNLVMLSLJ[YPJRL[[SLZHUK YPJLJVVRLYZ*.»ZHM[LYZHSLZZLY]PJLOHZ ILLUHRL`KPMMLYLU[PH[VYMVY[OLI\ZPULZZ^P[O JVTWSHPU[ZILPUNJSVZLKPUSLZZ[OHUOV\YZ VUHUH]LYHNL

R=Z\IZ[H[PVUMVY[OL4>9VZL*V[[HNL :VSHY-HYTMVY.VVK,ULYN`PU[OL<2MVY‰ TPSSPVU *.»Z4PKKSL,HZ[O\IPU+\IHPPZUV^M\SS` VWLYH[PVUHS;OLYLNPVUHSO\IVYNHUPZH[PVUOHZ ILLUYLPUMVYJLK^P[OTVYLMVJ\ZLKKLWSV`TLU[ VMTHYRL[PUNHUKZHSLZMVYJLZPU)LULS\_ -YHUJL(SNLYPHHUK[OL<2(WYVQLJ[PU]VS]PUN RL`HJJV\U[THUHNLTLU[OHZILLUSH\UJOLK HJYVZZ[OLYLNPVU (ZTLU[PVULKILMVYL*.»ZZ`Z[LTZ I\ZPULZZKLSP]LYLKV\[VM)LSNP\TOHZKVUL ^LSS^P[O[^VUL^WSH[MVYTZILPUNZOPWWLK PU-@;YHUZMVYTLYZHUK.0:MYVT ;HWPVZaLSLHYLWYV]PKPUN[OLWYVK\J[WSH[MVYT MVY[OLZ`Z[LTZI\ZPULZZPU[OLYLNPVU( Z`Z[LTZVYNHUPZH[PVUOHZILLUJYLH[LKPU :H\KP(YHIPH[VTLL[[OLJV\U[Y`»ZSHYNLHUK NYV^PUNKLTHUK;OLYLOHZHSZVILLUHMVJ\Z [VNYV^WHY[ULYZOPWUL[^VYR[VIL[[LYHKKYLZZ [OLULLKZPUSVJHSTHYRL[Z0UHKKP[PVU[V[OL [YHKP[PVUHSZ[YVUNHYLHZVM5VY[OLYU,\YVWL HUK(0:.0:Z\IZ[H[PVUZHUKYLUL^HISLZH THQVYMVJ\ZMVY[OLUL_[`LHY^PSSILVU(MYPJH HUK4PKKSL,HZ[JV\U[YPLZHUKPU[OL6PS .HZ ZLNTLU[ ;OLYLNPVUOHZZLLUHYLSH[P]LS`Z[YVUN WLYMVYTHUJLI`(\[VTH[PVUHUKWYVK\J[ZMYVT [OL0UK\Z[YPHS:`Z[LTZ)<;OLYLOHZILLU HUH[[LTW[[VPU[LNYH[L*.»Z0UK\Z[YPHSHUK (\[VTH[PVUVMMLYPUNZPU[V[OL,4,(YLNPVUHS ZHSLZWVY[MVSPV

The Four Regions (Z[V\JOLK\WVULHYSPLY*.PZVYNHUPZLKPU HTH[YP_MYHTL^VYR^P[O[OL[OYLL)<ZHUK [OLPYI\ZPULZZLZPU[LYMHJPUN^P[OMV\YYLNPVUZ! ,\YVWL4PKKSL,HZ[HUK(MYPJH,4,([OL (TLYPJHZ0UKPHHUK0UKPHUZ\IJVU[PULU[ :V\[O,HZ[(ZPHHUK7HJPÄJ:,(7;OPZ ZLJ[PVUNP]LZHIYPLMKLZJYPW[PVUVM[OL HJOPL]LTLU[ZVMLHJOYLNPVU

EMEA 6YKLYPU[HRLI`[OL,4,(YLNPVUHTV\U[LK [VÁ TPSSPVUMVY-@:VTLVM[OL RL`VYKLYZ^LYL!P[OL.LTPUPWYVQLJ[ PU]VS]PUNOPNO]VS[HNLVMMZOVYLHUKVUZOVYL Z\IZ[H[PVUZHUKLSLJ[YPJHSJVUULJ[P]P[`]HS\LK H[ÁTPSSPVU:PUJL[OPZVYKLY^HZYLJLP]LK [V^HYKZ[OLLUKVM[OL`LHYT\JOVMP[^PSSIL IVVRLKPU-@"PP[OL,SLJ[YPJP[`5VY[O>LZ[ WYVQLJ[H[)YLKI\Y`<2[VZL[\WH[\YURL` R=.0:Z\IZ[H[PVU]HS\LKH[ÁTPSSPVU" PPP+;MYHTLJVU[YHJ[^P[O,ULYJVUPU.LYTHU` MVYÁTPSSPVU"HUKP]]HYPV\Z+;JVU[YHJ[Z PU[OL<2MVYÁTPSSPVU0[KLSP]LYLKH

36

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

The Americas *.(TLYPJHZPZKLKPJH[LK[VWYV]PKPUNZTHY[ ZVS\[PVUZZLY]PJLZHUKWYVK\J[ZVM[OLOPNOLZ[ X\HSP[`[VP[Z\[PSP[`PUK\Z[YPHSYLUL^HISLHUK JVTTLYJPHSJ\Z[VTLYZ;OLVYNHUPZH[PVU OHZLTWSV`LLZHJYVZZ[OYLLVMÄJLZPU [OLYLNPVU6YKLYZMVYWV^LYZ`Z[LTMYVT[OL YLNPVUNYL^I` JVTWHYLK[V-@ ^OPJO^HZZ\WWVY[LKI`Z[YVUNNYV^[OVM VYKLYZPUKPZ[YPI\[PVU[YHUZMVYTLYZ/V^L]LY K\L[VOPNOS`JVTWL[P[P]LTHYRL[WYPJLZMVY ZTHSSHUKTLKP\TWV^LY[YHUZMVYTLYZNYV^[O VMVYKLYZPUWV^LY[YHUZMVYTLYZ^HZHTVYL TVKLZ[ ]PZn]PZ-@

South East Asia and the Pacific 0U-@[OL:V\[O,HZ[(ZPHHUK[OL7HJPÄJ :,(7YLNPVUTL[^P[OZL]LYHSZ\JJLZZLZ :VTLVM[OLZL^LYL! R 7350UKVULZPHWSHJPUNVYKLYZ^VY[O <: TPSSPVU]PHHUVWLUIVVRWYVJ\YLTLU[ HNYLLTLU[^P[O*.

R ;5)4HSH`ZPHWSHJPUNVYKLYZMVYWV^LY

[YHUZMVYTLYZHUKHSSPLKWYVK\J[ZHTV\U[PUN[V <: TPSSPVU R 9LJLP]PUNHUVYKLYMYVT4`HUTHYMVYZ\WWS` VMÄ]LIH`ZVMR=.0:;OPZ^PSSIL[OLÄYZ[ L]LY.0:PUZ[HSSLKPU[OLJV\U[Y` R :LJ\YPUN[OLSHYNLZ[ZPUNSL4=TV[VYZVYKLY MVY*.PU[OLYLNPVU R 9LJLP]PUNHUVYKLYMYVT;5)4HSH`ZPHMVY _ 4=(R=TVIPSLZ\IZ[H[PVUZ·[OL SHYNLZ[VMP[ZRPUKPU[OLYLNPVU +\YPUN-@[OLYLNPVUW\[PUWSHJLRL` HJJV\U[THUHNLYZMVY2VYLHUHUK1HWHULZL ,7*ZPU:LV\S"MVY*OPUH3PNO[HUK7V^LYPU /VUN2VUN"HUKZL[\WYLWYLZLU[H[P]LVMÄJLZ 0[OHZLZ[HISPZOLKHYLWYLZLU[H[P]LVMÄJLPU =PL[UHT0[PZHSZVL_WSVYPUN[OLWVZZPIPSP[PLZ VMPUJYLHZPUNI\ZPULZZ]PHKPZ[YPI\[VYZHUK WHY[ULYZMVY*.»ZKPMMLYLU[WYVK\J[ZZ`Z[LTZ HUKZLY]PJLZPU4`HUTHY0UKVULZPH;OHPSHUK 4HSH`ZPH=PL[UHTHUK(\Z[YHSPH

India R >LZ[LYU9LNPVU!:HSLZPU-@

PUJYLHZLKI` [V9ZJYVYL R :V\[OLYU9LNPVU!9LJLP]LK[OLSHYNLZ[ Z^P[JONLHYVYKLYPU-@·VMYPUN THPU\UP[Z94<ZMYVT3 ;MVY[OL;HTPS 5HK\.LULYH[PVUHUK+PZ[YPI\[PVU*VYWVYH[PVU ;(5.,+*6HUKZ\WWSPLK\UP[ZPU [OLJV\YZLVM[OL`LHY+PK[OLÄYZ[Z\WWS` VMHR=.0:MYVTHU`WSHU[PU0UKPH[V[OL 2HYUH[HRH7V^LY;YHUZTPZZPVU*VYWVYH[PVU 3PTP[LK27;*3*VTWSL[LK[OLZ\WWS`VM _4=(R=[YHUZMVYTLYZ[V3 ;MVY [OL9HQHZ[OHU9HQ`H=PK`\[7YHZHYHU5PNHT 3PTP[LK99=753([9ZJYVYL[OLVYKLYZ [HRLUI`[OLYLNPVUMVY7V^LY:`Z[LTZHSVUL ^LYLZ\IZ[HU[PHSS`OPNOLY[OHU[OLWYL]PV\Z `LHY;OLYL^HZHKYVWPUIV[OZHSLZHUKVYKLY PU[HRLMVY0UK\Z[YPHS:`Z[LTZ/V^L]LYZHSLZ VM*VUZ\TLY7YVK\J[ZPU[OLYLNPVUZH^HU PUJYLHZLPU-@ R ,HZ[LYU9LNPVU!;OPZYLNPVUZH^HKYVW

PUVYKLYZMVY7V^LYHUK0UK\Z[YPHS:`Z[LT WYVK\J[ZK\L[VSV^PU]LZ[TLU[ZPUJVYL ZLJ[VY/V^L]LY*VUZ\TLY7YVK\J[ZKPK^LSS HUKIHZLKVU[OH[V]LYHSSZHSLZNYL^I`  R 5VY[OLYU9LNPVU!5L[ZHSLZPUJYLHZLKI`  SHYNLS`KYP]LUI`[OLZOHYWYPZLPU[OLZHSL VM*VUZ\TLY7YVK\J[ZWHY[PJ\SHYS`MHUZ;OL VYKLYPU[HRL·TVZ[S`KYP]LUI`7V^LY:`Z[LTZ HUKWHY[S`0UK\Z[YPHS·^HZ\WI` 


OV\ZLOVSKZ WV^LYLKI`[OL (TY\TIHUR>LZ[ VÉ&#x2C6;ZOVYL^PUKMHYT WYVQLJ[PU.LYTHU`

Sourcing Initiatives 0U4H`*.L_WSPJP[S`JYLH[LKHJLU[YHS ZV\YJPUNM\UJ[PVU[VVW[PTPZLVU[OLW\YJOHZLZ VMRL`YH^TH[LYPHSZMVYP[Z)<ZZ\JOHZZ[LLS JVWWLYHUKHS\TPUP\T"HZ^LSSHZ[VYH[PVUHSPZL ]LUKVYZHJYVZZ[OL]HYPV\ZWSHU[Z0UHKKP[PVU [OLZV\YJPUN[LHTOHZILLUJOHYNLK^P[O PUJYLHZPUNZ\WWS`VMYH^TH[LYPHSMYVTSV^LY JVZ[JV\U[YPLZLZWLJPHSS`^OLYLWVZZPISLMYVT *OPUH 5PULPUP[PH[P]LZOH]LILLUSH\UJOLK:VTL VM[OLZLPU]VS]L!PZ[LLSZH]PUNZ"PPJVWWLY HUKHS\TPUP\TZH]PUNZ"PPPZH]PUNZ[OYV\NO ZV\YJPUNMYVT*OPUH"P]ZJVYPUNZ\WWSPLYZ HJJVYKPUN[V]HYPV\ZWHYHTL[LYZ"]]LUKVY YH[PVUHSPZH[PVU"HUK]PWYLWHYPUNJVTTVU ZV\YJPUNZJVYLJHYKZHJYVZZHSS\UP[Z ;OLPUP[PH[P]LZOH]LZ[HY[LK[VKLSP]LYYLZ\S[Z -VYPUZ[HUJL[OYV\NOV\[,\YVWLRL`]LUKVYZ OH]LILLUYH[PVUHSPZLK[VUVTVYL[OHU[OYLL MVY*9.6JVPSZHUKZOLL[ZJVWWLYHUKJVWWLY ^PYLZPUZ\SH[PVU[HURZYHKPH[VYZVPSI\ZOPUNZ HUKVUSVHK[HWJOHUNLYZ;VNHPUºLJVUVTPLZ

VM]VS\TL»W\YJOHZPUNMYVTNSVIHS]LUKVYZ OHZILLUYHPZLK[V MVYZL]LUTHQVY TH[LYPHSZ -VY[OL,\YVWLHUHUK5VY[O(TLYPJHUWSHU[Z ZV\YJPUNMYVTSV^JVZ[JV\U[YPLZ3**OHZ PUJYLHZLKX\P[LZPNUPÃ&#x201E;JHU[S`3**W\YJOHZLZ HYLUV[Q\Z[MYVT0UKPHHUK*OPUHI\[HSZV YLNPVUHSSV^JVZ[JV\U[YPLZZ\JOHZ4L_PJV0[ PZLZ[PTH[LK[OH[[OPZYH[PVOHZYPZLUMYVT VM [OL[V[HSZV\YJPUNI\KNL[PU-@[V PU -@[V PU-@ *OPUHOV^L]LYPZUVSVUNLYHWHUHJLHMVY SV^JVZ[ZV\YJPUNMVYHSSVM*.»ZWYVK\J[Z0U [YHUZMVYTLYZHUKZ^P[JONLHYZLZWLJPHSS`[OVZL WYVK\JLKV\[VM,\YVWL*HUHKHHUK[OL<: X\HSP[`JVUZPKLYH[PVUZJ\Z[VTLYZWLJPÃ&#x201E;JH[PVUZ Z\WWS`IV[[SLULJRZHUKYPZPUNJVZ[ZPU*OPUH HYLTHRPUNP[SLZZH[[YHJ[P]LMVYJLY[HPU[`WLZ VMI\SRZV\YJPUN0UJVU[YHZ[*OPUHZV\YJPUN OHZJLY[HPUS`^VYRLKMVY*VUZ\TLY7YVK\J[Z ^OLYL*.OHZHJ[P]LZ\WWSPLYZ

Global Research & Development ;OPZZLJ[PVUV\[SPULZZVTLVM[OLRL`9LZLHYJO +L]LSVWTLU[9 +HJOPL]LTLU[ZPU-@ R R=\S[YHOPNO]VS[HNL</=9LZLHYJO *LU[YL5HZOPR0UKPH!)\PS[V]LYHUHYLHVM ZX\HYLMLL[HUKHOLPNO[VMMLL[[OPZ JLU[YLJHUJVUK\J[HSSKPLSLJ[YPJWLYMVYTHUJL [LZ[ZPUSPUL^P[O[OLSH[LZ[NSVIHS0,*HUK(5:0 Z[HUKHYKZ;OPZ^PSSOLSWPU[OL9 +VMOPNO WV^LYLKZ\IZ[H[PVUZ\JOHZJPYJ\P[IYLHRLYZ IV[OSP]LHUKKLHK[HUR.0:PUZ[Y\TLU[ [YHUZMVYTLYZ*;0=;HUK*=;[YHUZMVYTLY I\ZOPUNZZ\YNLHYYLZ[VYZHUKKPZJVUULJ[VYZ 0[^PSSZPNUPÃ&#x201E;JHU[S`ZWLLK\W[OLKL]LSVWTLU[VM UL^WYVK\J[ZH[SV^LYJVZ[Z R 9 +HSZVZL[\WP[ZÃ&#x201E;YZ[VMHRPUKZ[H[LVM

[OLHY[UVPZL[LZ[PUNYVVTH[2HUQ\Y4HYNMVY HSSJVUZ\TLYWYVK\J[Z3;TV[VYZ\W[V MYHTLHUKKPZ[YPI\[PVU[YHUZMVYTLYZ\W[V TL[YLZPUSLUN[O0UHKKP[PVUP[ZL[\WH]HJ\\T YLZLHYJOSHIVYH[VY`HSZVH[2HUQ\Y4HYN[V JVUK\J[ZOVY[JPYJ\P[WLYMVYTHUJL[LZ[PUNVM ]HJ\\TPU[LYY\W[LYZ

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

37


º*VYL^PUKPUN»WYVJLZZH[ [OL7V^LY;YHUZMVYTLY WSHU[)LSNP\T

R *.YLWSHJLKPUK\J[PVUTV[VYZPU]HYPV\Z

R *VUZPKLYHISL9 +^VYROHZILLUJHYYPLK

HWWSPJH[PVUZ^P[OLULYN`LMÃ&#x201E;JPLU[)3+* [LJOUVSVN`Z\JOHZPZVSHYWV^LYLKJLPSPUN MHUZPPK\Z[WYVVMI\ZMHUZPPPYHPS^H`JHYYPHNL MHUZMVYHS[LYUH[PUNJ\YYLU[LSLJ[YPJT\S[PWSL \UP[,4<[YHPUZP]IPSNLW\TWZMVYIH[[SLÃ&#x201E;LSK [HURZ]TV[VYZMVYOLH[L_JOHUNLYZHUK[OL SPRL

V\[PU[OLKVTHPUVMTV[VYZ;OLZLPU]VS]LP KL]LSVWPUN[OLº*SHZZPR»HUKºL3P[L»ZLYPLZVM TV[VYZ"PPJYLH[PUNUL^-/7TV[VYZ"PPPYHUNL L_[LUZPVUZVM0,HUK0,TV[VYZ"P]PTWYV]PUN [OLLMÃ&#x201E;JPLUJ`VMNLULYH[VYZHUKSHYNLTLKP\T ]VS[HNLTV[VYZ"]KLZPNUHUKKL]LSVWTLU[ VM[OLZWYPUNZWYPUNTLJOHUPZTMVYL_[YHOPNO ]VS[HNLTV[VYZ"]PKLZPNUVMSV^UVPZL[V[HSS` LUJSVZLKMHUJVVSLK;,-*TV[VYZ"]PPOPNO LMÃ&#x201E;JPLUJ`0,TV[VYZ"HUKV[OLYZ R 9LK\J[PVUPULULYN`JVUZ\TW[PVUPZKYP]PUN [LJOUVSVN`PUSPNO[PUN0UJVSSHIVYH[PVU^P[O )YPKNLS\_*.OHZKL]LSVWLK^OVSLYHUNL VM3,+IHZLKSPNO[PUNÃ&#x201E;_[\YLZMVYPUKVVY HUKV\[KVVYHWWSPJH[PVUZ0U[OLJVUZ\TLY I\ZPULZZ9 +OHZHSZVJYLH[LKUL^WYVK\J[Z Z\JOHZH=+*R>ZVSHYJOHYNLY"

R ;VKLHS^P[OWV^LYZOVY[HNLHJYVZZ0UKPH

*.KL]LSVWLKHUKKPZ[YPI\[LKZVSHYWV^LY NLULYH[PVUZVS\[PVUZ^P[OOPNOLZ[JVU]LYZPVU LMÃ&#x201E;JPLUJ`^OPJOHYLZ\P[HISLMVYKVTLZ[PJ SPNO[PUNHUKW\TWPUNPUY\YHSHYLHZ R 4V[VYKLZPNUZOH]LILLULUHISLK^P[O HSNVYP[OTZ[VWYLKPJ[Z[YH`SVZZHUKJVYLSVZZ 0UK\Z[YPHSJ\Z[VTLYZJHUUV^ILNP]LUWYLJPZL HUKPUZ[HU[KYP]LZVS\[PVUZ[OHURZ[VHZVM[^HYL [OH[*.KL]LSVWLKPUHZZVJPH[PVU^P[O0UMVZ`Z

38

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

=+*IY\ZOSLZZJLPSPUNMHUZ"ZVSHY W\TWZ"[V[HSS`LUJSVZLK)3+*I\ZMHUZ" ZTHY[HUHS`[PJHSZ\Y]LPSSHUJLZVS\[PVUZ"HUK HWWSPJH[PVUZMVYZTHY[SPNO[PUNTHUHNLTLU[ R +\YPUN-@[^VWH[LU[Z^LYLNYHU[LK *.UV^OHZHJ[P]LWH[LU[ZPUP[ZWVY[MVSPV 4VYLV]LYPU[OL`LHY*.Ã&#x201E;SLKWH[LU[ HWWSPJH[PVUZVM^OPJOWV^LYJVTWYPZLKÃ&#x201E;]L" PUK\Z[YPHS[OYLL"HUKJVUZ\TLYUPUL0U -@ KLZPNUZ^LYLYLNPZ[LYLK;O\Z*. OHZ KLZPNUZYLNPZ[LYLKPUP[ZWVY[MVSPV 0[HSZVÃ&#x201E;SLKMVYUL^KLZPNUHWWSPJH[PVUZ ,TWSV`LLZVM*.W\ISPZOLKV]LYHY[PJSLZPU [LJOUPJHSQV\YUHSZ*.^VU[OLTVZ[WYLZ[PNPV\Z 5H[PVUHS0U[LSSLJ[\HS7YVWLY[`(^HYKPU[OL JH[LNVY`VM;VW6YNHUPaH[PVUPU+LZPNUZ


Six Sigma and Supplier Quality Assessment :P_:PNTHZLLRZ[VPTWYV]L[OLX\HSP[`VM WYVJLZZV\[W\[ZI`PKLU[PM`PUNHUKYLTV]PUN [OLJH\ZLZVMKLMLJ[ZHUKTPUPTPZPUN]HYPHIPSP[` PUTHU\MHJ[\YPUNHUKI\ZPULZZWYVJLZZLZ 0[\ZLZHZL[VMKLÃ&#x201E;ULKTL[OVKZPUJS\KPUN Z[H[PZ[PJHS[VVSZHUKJVUK\J[ZWYVQLJ[Z[OYV\NO HZL[VMWLVWSLPU[OLVYNHUPZH[PVU·JHSSLK º)SHJR)LS[Z»HUKº.YLLU)LS[Z»·^OVHYL ZWLJPHSS`[YHPULKL_WLY[ZPU[OLZLTL[OVKZ ,HJO:P_:PNTHWYVQLJ[MVSSV^ZHKLÃ&#x201E;ULK ZLX\LUJLVMZ[LWZHUKOHZX\HU[PÃ&#x201E;LKX\HSP[` PTWYV]LTLU[[HYNL[ZHUKVYÃ&#x201E;UHUJPHS[HYNL[Z PLJVZ[YLK\J[PVUHUKVYWYVÃ&#x201E;[PUJYLHZL *.OHZILLUMVSSV^PUN:P_:PNTHMVYZL]LYHS `LHYZLZWLJPHSS`HJYVZZP[Z0UKPHVWLYH[PVUZ /LYLHYLZVTLRL`MHJ[ZVM:P_:PNTHPU*.MVY -@ R >P[OPU*.0UKPH)SHJR)LS[Z^LYL PU]VS]LKPU:P_:PNTHWYVQLJ[ZMVY-@ 6M[OLZL^LYLZ\JJLZZM\SS`OHUKLKV]LY [V[OLKPMMLYLU[SPULZHJYVZZ[OL[OYLLTHPU I\ZPULZZLZ·7V^LY0UK\Z[YPHSHUK*VUZ\TLY (UV[OLYHYLZ[PSSILPUNPTWSLTLU[LK4VZ[ VM[OLZLMVJ\ZLKVUM\Y[OLYPTWYV]LTLU[Z PUWYVK\J[HUKWYVJLZZX\HSP[`"ZVTL^LYL KPYLJ[LK[VPTWYV]PUN,)0+;(I`YHPZPUN [OYV\NOW\[VYYLK\JPUNYH^TH[LYPHS\ZLHUK ^HZ[HNL R :PTPSHYS`.YLLU)LS[ZOLSWLK[VL_LJ\[L WYVQLJ[ZPU[OL`LHY·VM^OPJO^LYL JVTWSL[LKHUK^LYLZ[PSS\UKLYL_LJ\[PVU R 0[PZLZ[PTH[LK[OH[V]LY9ZJYVYL^LYL ZH]LK[OYV\NO[OL]HYPV\Z:P_:PNTHWYVQLJ[Z PU0UKPH R ;OL:P_:PNTHKYP]L^HZL_[LUKLK[V*. WSHU[ZPU<:(0UKVULZPH0YLSHUKHUK/\UNHY` 0UHKKP[PVU*.JVU[PU\LK^P[OP[ZZ\WWSPLY X\HSP[`HZZLZZTLU[Z;OPZPZHUPUP[PH[P]L[OH[ Z[HY[LKPU-@PU^OPJOJYP[PJHS[VX\HSP[` *;8Z\WWSPLYZHYLL]HS\H[LKL]LY``LHYI` HUHZZLZZVY^OVPZL_[LYUHS[V[OLW\YJOHZPUN KP]PZPVU;OPZPZIHZLKVUHU:87HZZLZZTLU[ MVYTJVUK\J[LK]PHH^LIWVY[HS(U`UL^ Z\WWSPLYOHZ[VZJVYLºZ[HYZ»PU[OL:87 HZZLZZTLU[[VILHKKLK[V[OL*.Z\WWSPLY IHZL"HUK[OVZL^OVKVUV[TLL[[OLZ[HUKHYK VYOH]LKLSH`LK[OLPYHZZLZZTLU[Y\U[OLYPZRVM OH]PUN[OLTZLS]LZSVJRLKV\[VM[OLLU[LYWYPZL ^PKL:(7Z`Z[LT;OPZKYP]LOHZPTWYV]LK[OL PUJVTPUNX\HSP[`VMZ\WWSPLZVMJYP[PJHSWHY[Z0U -@Z\JOHZZLZZTLU[Z^LYLJHYYPLK V\[

Human Resources ;OL/\THU9LZV\YJLZ/9HNLUKHMVY[OL`LHY ^HZMVJ\ZLKVUZ[YLUN[OLUPUN[OYLLRL`HYLHZ! R JVTWSL[PUN[OLZLJVUKWOHZLVM[OLº6UL *.»VYNHUPZH[PVUHSKLWSV`TLU[PUP[PH[P]LZ[OH[ ^LYLSH\UJOLKPU" R I\PSKPUN/9M\UJ[PVUHSJHWHIPSP[PLZ"HUK R ZPNUPÃ&#x201E;JHU[S`LUOHUJPUNKLSP]LY`JHWHIPSP[`VM /9WYVJLZZLZ[VLUHISLI\ZPULZZWLYMVYTHUJL

The Six Sigma drive was extended to CG plants in USA, Ireland, Indonesia, and Hungary

(THQVYPUP[PH[P]L\UKLY[OLº6UL*.» VYNHUPZH[PVUKLWSV`TLU[^HZ[VYVSSV\[ KLZJYPW[PVUZMVYHSSUL^HUKTVKPÃ&#x201E;LKYVSLZ[OH[ ^LYLJYLH[LKJVUZLX\LU[[V[OLJOHUNLZPU [OLVWLYH[PUNZ[Y\J[\YL3L]LYHNPUN[OL/H` 1VIHZZLZZTLU[[OLZLKLZJYPW[PVUZLUHISLK YVSLJSHYP[`ZWLJPÃ&#x201E;LKZ[HRLOVSKLYZMVYRL` YVSLZHUKSHPK[OLMV\UKH[PVUZMVYYVSLIHZLK KL]LSVWTLU[PUP[PH[P]LZ(UV[OLYRL`PUP[PH[P]L \UKLYº6UL*.»OHZILLU[OLJVUZVSPKH[PVU HUKPUZ[P[\[PVUHSPZH[PVUVMM\UJ[PVUHSWYVJLZZLZ HJYVZZ*.»ZNSVIHSVWLYH[PVUZ:\JO JVUZPZ[LU[NSVIHSWYVJLZZLZHYLL_WLJ[LK[V JYLH[LHZ[YVUNMV\UKH[PVUMVY\UPÃ&#x201E;LKLTWSV`LL L_WLYPLUJLHUKYLZWVUZLHUK[O\ZHJ[HZH NS\LMVYJVUZVSPKH[PUN[OLVYNHUPZH[PVU 0UHKKP[PVU[OL*VTWHU`PKLU[PÃ&#x201E;LKHU\TILY VMRL`PTWYV]LTLU[VWWVY[\UP[PLZPU;HSLU[HUK 7LYMVYTHUJL4HUHNLTLU[;HSLU[(JX\PZP[PVU HUK,U]PYVUTLU[/LHS[OHUK:HML[`,/: 0U-@[OLMVSSV^PUNPTWYV]LTLU[Z^LYL PTWSLTLU[LK!

Talent and Succession Planning *.YVSSLKV\[KL[HPSLK[HSLU[YL]PL^ZHJYVZZ[OL VYNHUPZH[PVUZ[HY[PUNMYVT[OL[VW4HUHNLYZ ^LYLYLX\PYLK[VHZZLZZ[OLPY[HSLU[WPWLSPUL HUHS`ZLZ\JJLZZPVUKLW[OMVYHSSJYP[PJHS WVZP[PVUZHUKPKLU[PM`YLHK`UV^HUKULHY [LYTZ\JJLZZVYZMVY[OLZLWVZP[PVUZHSVUN^P[O KL]LSVWTLU[WSHUUPUNMVYPKLU[PÃ&#x201E;LKPUKP]PK\HSZ ;OPZHUHS`ZPZPZUV^ILPUN\ZLK[VPKLU[PM`NHWZ HUKJOHUULS[OL*VTWHU`»Z[HSLU[YLJVNUP[PVU HUKKL]LSVWTLU[PUP[PH[P]LZ

Performance Management System ;OLNSVIHSYVSSV\[VMHUVUSPULPU[LNYH[LK 7LYMVYTHUJL4HUHNLTLU[:`Z[LT74: LUHISLK\Z[VI\PSKHYVI\Z[MV\UKH[PVUMVY [HSLU[THUHNLTLU[HJYVZZ*.^OPJO^HZ HKVW[LKI` VMHSSLSPNPISL^OP[LJVSSHY LTWSV`LLZ)\PSKPUNH^HYLULZZI\`PUHUK PUZ[PSSPUNHZLUZLVMV^ULYZOPW[V^HYKZ[OL PU[LNYH[LKWLYMVYTHUJLTHUHNLTLU[WYVJLZZ ^HZV\YMVJHSWYPVYP[`K\YPUN[OPZ[YHUZP[PVU

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

39


CG partnered with the Hay Group in a global initiative to develop uniform grading and evaluation for all job roles that are critical to business

WOHZL6UNVPUNZ\WWVY[^HZH]HPSHISLMVYHSS LTWSV`LLZ[YHUZP[PVUPUNMYVTVSKLYPZVSH[LK WLYMVYTHUJLTHUHNLTLU[WYVJLZZLZ[V[OL UL^VUSPULPU[LNYH[LKVUL ;OLUL^WYVJLZZHUKZ`Z[LTPUJVYWVYH[LZ ZL]LYHSPTWYV]LTLU[ZPUJS\KPUNILOH]PV\Y HZZLZZTLU[VU[OL(]HU[OH*VTWL[LUJ` -YHTL^VYRWV[LU[PHSHZZLZZTLU[H[SLHKLYZOPW SL]LSHUKPKLU[PM`PUNKL]LSVWTLU[VWWVY[\UP[PLZ MVYLTWSV`LLZ;OLZLZOV\SKZ[YLUN[OLU[OL [HSLU[YL]PL^WYVJLZZHUKZ[Y\J[\YLKLTWSV`LL KL]LSVWTLU[PUP[PH[P]LZHJYVZZ[OLVYNHUPZH[PVU

Talent Acquisition ([*.[HSLU[HJX\PZP[PVUPZL]VS]PUNMYVTH [HJ[PJHSWYVJLZZ[VHZ[YH[LNPJLUKLH]V\Y[OH[ JHUKPYLJ[S`PTWHJ[VYNHUPZH[PVUHSNYV^[O ;OLMVJ\ZPU-@^HZ[VZ[YLHTSPULHUK Z[HUKHYKPZLNSVIHSYLJY\P[PUNHUKOPYPUN 0TWYV]LTLU[ZPUJS\KLKJVUZVSPKH[PUN[OL *VTWHU`»ZPU[LYUHSHUKL_[LYUHSOPYLWYVJLZZLZ HUKZ`Z[LTZHUKH\[VTH[PUNHU\TILYVM HKTPUPZ[YH[P]L[HZRZ,MMVY[Z^LYLTHKL[VI\PSK YLSH[PVUZOPWZHUK[HSLU[WVVSZHYV\UKJYP[PJHS YVSLZMVY[OLVYNHUPZH[PVU0UUV]H[P]LHUKJVZ[ LMMLJ[P]LYLJY\P[TLU[ZVS\[PVUZSPRLLTWSV`LL YLMLYYHSZHUKZVJPHSTLKPH^LYLL_[LUZP]LS` \ZLK

Building HR Functional Capabilities to Support the Business HR Business Partner (HR BP) Role *.PU[YVK\JLK[OL/9)7YVSL[VZ\WWVY[[OL I\ZPULZZHUK[OLSLHKLYZOPW:\JOWLVWSL PL[OL/9)7ZOH]LWYVHJ[P]LS`OLSWLKPU ^VYRMVYJLWSHUUPUNHUK[HSLU[THUHNLTLU[ MVY[OLI\ZPULZZ\UP[ZHUKOH]LWHY[ULYLK^P[O [OLI\ZPULZZ\UP[SLHKLYZOPW[VYLZVS]LWLVWSL PZZ\LZHUKJOHSSLUNLZ;OL`OH]LTHUHNLKH U\TILYVMNSVIHSYVSSV\[ZVM/9WYVNYHTTLZ ^P[OPU[OLI\ZPULZZZ\JOHZZ\JJLZZPVU WSHUUPUN[HSLU[HZZLZZTLU[WLYMVYTHUJL THUHNLTLU[YLJVNUP[PVUHUKYL^HYKZ;OL` OH]LHSZVZ\WWVY[LKSHYNLZJHSLVYNHUPZH[PVUHS JOHUNLZPU[OLI\ZPULZZ\UP[Z^OLYL]LY[OLZL OH]LILLUULJLZZP[H[LK

Hay Job Evaluation *.WHY[ULYLK^P[O[OL/H`.YV\WPUHNSVIHS PUP[PH[P]L[VKL]LSVW\UPMVYTNYHKPUNHUK L]HS\H[PVUMVYHSSQVIYVSLZ[OH[HYLJYP[PJHS [VI\ZPULZZ;OL/H`.YV\WZ\JJLZZM\SS` JVUK\J[LKQVIHUHS`ZPZ^VYRZOVWZMVY SLHKLYZH[*.LUHISPUN[OLT[VKYHM[[OLPYYVSL KLZJYPW[PVUZ(QVIL]HS\H[PVUL_LYJPZLOHZUV^ JVTTLUJLKMVYHSSWVZP[PVUZPUSLHKLYZOPWHUK TPKKSLTHUHNLTLU[SL]LSZ

CGPS 0U-@[OL*YVTW[VU.YLH]LZ7YVK\J[PVU :`Z[LT*.7:UVYTZ^LYLYLJHSPIYH[LK HJYVZZHSSTHU\MHJ[\YPUN\UP[ZPU0UKPH ;OPZOHZYLZ\S[LKPUHNYV^[OPUTHUWV^LY WYVK\J[P]P[`[OLYLI`PUJYLHZPUN[OLVWWVY[\UP[` VMHKKP[PVUHSYL]LU\LMYVTL_PZ[PUNYLZV\YJLZ ;OLWYVK\J[P]P[`SPURLKPUJLU[P]LZJOLTL MVYWLYTHULU[^VYRLYZ·^OPJOPZSPURLK[V *.7:·^HZHSZVTVKPÃ&#x201E;LKHUKPTWSLTLU[LKPU ZLSLJ[\UP[Z;OLUL^ZJOLTLNP]LZ^VYRTLU [OLVWWVY[\UP[`[VLUOHUJL[OLPYLHYUPUNZI` HJJVTWSPZOPUNZ[YL[JO[HYNL[Z0[OHZOLSWLK \UP[Z[VRLLWHJOLJRVUTHUWV^LY\ZLPU[OLPY THU\MHJ[\YPUNVWLYH[PVUZ 0[PZH[HUHK]HUJLKZ[HNLVMJVTWSL[PVUPU[OL <:(HUK0YLSHUK ;OL*.7:PTWSLTLU[H[PVUWYVJLZZPZ TVUP[VYLKHUKYL]PL^LK[OYV\NOHWLYPVKPJ PU[LYUHSH\KP[TLJOHUPZTHUKH`LHYS`\UP[ HZZLZZTLU[WYVJLZZ;OLZLOLSWPUTVUP[VYPUN HUKYL]PL^PUNWLYMVYTHUJLVM[OL\UP[ZHUK LUZ\YLJVTWSPHUJLVM*.7:WYVJLZZ

40

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Compensation 0U-@*.»ZJVTWLUZH[PVUHUKYL^HYKZ TLJOHUPZTMVJ\ZLKVUKL]LSVWPUNHJVOLZP]L HUKYVI\Z[YL^HYKZ`Z[LT)`HJJLZZPUNRL` THYRL[ILUJOTHYRPUMVYTH[PVU*.PUP[PH[LK[OL KLZPNUHUKYVSSV\[VMWYVNYLZZP]LLMÃ&#x201E;JPLU[HUK JVTWL[P[P]LWH`Z[Y\J[\YLZMVY[OLI\ZPULZZ (SPNUPUNNSVIHSWYVJLZZLZSPRLILULÃ&#x201E;[ZWVSPJPLZ TVIPSP[`HUK]HYPHISLPUJLU[P]LWH`HYLHSZV \UKLY^H`

HR Shared Services /9:OHYLK:LY]PJLZ/9::PZZ[YP]PUN[V WYV]PKL/9WYVMLZZPVUHSZ[OL^OLYL^P[OHS [VMVJ\ZVU]HS\LHKKPUN[HZRZ^P[OYV\[PUL HKTPUPZ[YH[P]LJOVYLZILPUN[YHUZMLYYLK[VH ZOHYLKZLY]PJLKLSP]LY`JLU[YL(UL_HTWSL^HZ [OLYVSSV\[VMHJLU[YHSPZLK^VYRTLUWH`YVSS PU0UKPH*.Z\JJLZZM\SS`TPNYH[LK^VYRTLU WH`YVSSWYVJLZZLZMYVT[OLPYZ[HUKHSVUL SVJH[PVUZWLJPÃ&#x201E;JKH[HIHZLZVU[VM\SS`V^ULK PU[LNYH[LKHUKTHUHNLK*./9<^LI LUHISLKWSH[MVYT ;OL/9::[LHTHSZVZ[YLHTSPULKWYVJLZZLZ I`YLKLZPNUPUN^VYRÃ&#x2026;V^Z^OPJOSLK[VYVSSV\[ VMMVSSV^PUNPUP[PH[P]LZ!


3H\UJOLKº:/05,»·HU,_LJ\[P]L *LY[PÃ&#x201E;JH[PVUPU3LHKLYZOPW 7YVNYHTTLMVY>VTLU

R :[HUKHYKPZH[PVUVMLTWSV`LLKH[HHUK

WYVÃ&#x201E;SLZHJYVZZHSS*.SVJH[PVUZNSVIHSS` R (\UPMVYT.SVIHS7LYZVUULS9LX\PZP[PVU Z`Z[LTHJYVZZ[OL*VTWHU` R (\UPMVYT[YH]LSHUKL_WLUZLWYVJLZZ HJYVZZT\S[PWSLNSVIHSSVJH[PVUZVM*. R 0U[LYSPURPUN]HYPV\ZHWWSPJH[PVUZ\UKLY *./9<[VPTWYV]LLTWSV`LLZLSMZLY]PJL R *VTTVULTWSV`LLOLHS[OHUKTLKPJHS PUZ\YHUJLIYVRPUNHJYVZZT\S[PWSLNLVNYHWOPLZ

Diversity and Inclusion *LSLIYH[LKNSVIHSS`VU6J[VILY[OL[OLTL MVY*.>VYSK+H`PU-@^HZ*LSLIYH[PVU VM+P]LYZP[`;OL*,6HUK4HUHNPUN+PYLJ[VY ZPNULK[OLYLUL^LK:[H[LTLU[VM0U[LU[MVY +P]LYZP[`HUK0UJS\ZPVUHUKWYLZLU[LKP[[V [OLLTWSV`LLZ;OLZ[H[LTLU[WYV]PKLZMVY Z[YLUN[OLUPUN*.»ZJVTTP[TLU[[VLTIYHJL ]HS\LHUKYLZWLJ[HKP]LYZL^VYRMVYJL0[Z W\YWVZLPZ[VZL[MVY[OJSLHYYLHSPZ[PJHUK H[[HPUHISLNVHSZMVY[OLLUOHUJLTLU[VM KP]LYZP[`HJYVZZ[OL*VTWHU`0[PZKPZWSH`LK H[HSSSVJH[PVUZVM*.[VLUJV\YHNLLTWSV`LLZ [VHJ[P]LS`OVUV\YHUKPUJVYWVYH[L[OPZPU[LU[PU [OLPY^VYRPUNSP]LZ (YPZPUNMYVT[OLZ[H[LTLU[*.»Z[VW [OYLLMVJ\ZHYLHZV]LY[OLUL_[[OYLL`LHYZ HYL!.LUKLY+P]LYZP[`*\S[\YHS+P]LYZP[` HUK:WLJPHSS`(ISLKWLVWSL(Z[OLÃ&#x201E;YZ[ KP]LYZP[`PUP[PH[P]L*.NSVIHSS`JLSLIYH[LK

0U[LYUH[PVUHS>VTLU»Z+H`^P[OHJ[P]P[PLZ HJYVZZ[OLVYNHUPZH[PVU[OYV\NOV\[[OLÃ&#x201E;YZ[ OHSMVM4HYJO,_WLY[[HSRZHUKWHULS KPZJ\ZZPVUZ^LYLVYNHUPZLKOPNOSPNO[PUN[OL ULLK[VJYLH[LH^VTLUMYPLUKS`LU[LYWYPZL *.HSZVSH\UJOLK:/05,¶[OL,_LJ\[P]L *LY[PÃ&#x201E;JH[PVUPU3LHKLYZOPW7YVNYHTTLMVY >VTLU

Avantha People Group Survey (]HU[OH7LVWSL.YV\W:\Y]L`(.7:^HZ JVUK\J[LKHJYVZZHSS(]HU[OHJVTWHUPLZ[V TLHZ\YL[OLKLNYLLVMHSPNUTLU[VMZLUPVY SLHKLYZ[V[OL(]HU[OH.YV\WWOPSVZVWO`HZ ^LSSHZ[OLL_[LU[VMLTWSV`LLLUNHNLTLU[ HJYVZZSL]LSZ6]LY  VM*.»ZLTWSV`LLZ WHY[PJPWH[LKPU[OPZZ\Y]L`NP]PUNVULVM[OL OPNOLZ[WHY[PJPWH[PVUYH[LZHJYVZZ[OLPUK\Z[Y`  VM[OLLTWSV`LLZZ\Y]L`LKYLZWVUKLK MH]V\YHIS`[V[OLZ[H[LTLU[!¸0HTWYV\KVMT` JVTWHU`»ZIYHUKPU[OLTHYRL[¹ 9LZ\S[ZVM[OLZ\Y]L`HUK[OL^H`MVY^HYK ^LYLZOHYLK^P[OHSSLTWSV`LLNYV\WZ(^LI SPUR^HZHSZVHJ[P]H[LK[VPU]P[LZ\NNLZ[PVUZ VMLTWSV`LLZVU[OL[VWMVJ\ZHYLHZZ\JOHZ P,UHISPUN,U]PYVUTLU[PP6YNHUPZH[PVUHS 0KLU[P[`PPP,TWSV`LL+L]LSVWTLU[HUKP] 7LYMVYTHUJLHUK9LJVNUP[PVU>VYRZOVWZ PU]VS]PUNZLUPVYSLHKLYZVM*.^LYLJVUK\J[LK [VHUHS`ZL[OLZ\Y]L`YLZ\S[ZHUKPKLU[PM` ZWLJPÃ&#x201E;JHJ[PVUZMVY[OL*VTWHU`-VJ\ZLK

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

41


NYV\WKPZJ\ZZPVUZ^P[OLTWSV`LLZOHZ `PLSKLKYPJOPUMVYTH[PVU[OH[WYV]PKLZIL[[LY \UKLYZ[HUKPUNVM]HYPV\ZPZZ\LZHUKZLY]LZH IHZPZMVYWSHUUPUNM\[\YLHJ[PVUZ

Recognize 0UHULUKLH]V\Y[VI\PSKHJ\S[\YL[OH[WYVTV[LZ HUKYL^HYKZWLYMVYTHUJL*.SH\UJOLKH JVTWYLOLUZP]LLTWSV`LLYLJVNUP[PVUWYVNYHT JHSSLKº9,*6.50A,»^OPJOPZHWWSPJHISLMVYHSS IS\LHUK^OP[LJVSSHYLTWSV`LLZ;OPZWVW\SHY WLLY[VWLLYYLJVNUP[PVUWYVNYHTTLOHZ LUHISLKTHU`LTWSV`LLZ[VHJRUV^SLKNLHUK UVTPUH[L[OLPYJVSSLHN\LZMVY:76;(^HYKZ *LY[PÃ&#x201E;JH[LZVM,_JLSSLUJL8\HY[LYS`(^HYKZ HUK(UU\HS(^HYKZ6]LYLTWSV`LLZ ^LYL9,*6.50A,KMVY[OLPYJVU[YPI\[PVUZ [V*.]HS\LZHUKMVY[OLPYYVSLPU[OL PTWSLTLU[H[PVUVMZ[YH[LNPJPTWLYH[P]LZ

Campus@CG (Z[OL[HSLU[^HYPU[LUZPÃ&#x201E;LZ*.JVU[PU\LZ [VI\PSKHZ[YVUNLTWSV`LYIYHUK[VH[[YHJ[ YLJY\P[HUKYL[HPU[HSLU[;OPZPZH[HZR[OH[ OHZILLUHJJVYKLKZWLJPHSH[[LU[PVUI`[OL *VTWHU`:L]LYHSL]LU[Z^LYLJVUK\J[LKH[ [HYNL[LKWYLTPLYJHTW\ZLZ[VWVZP[PVU*. HZHU,TWSV`LYVM*OVPJLPULUNPULLYPUNHUK THUHNLTLU[ZJOVVSZ:VTLL_HTWSLZ^LYL ZWVUZVYZOPWZVM[OL00;-LZ[H[00;4\TIHPVM HUHUU\HSZ[\KLU[L]LU[H[[OL;H[H0UZ[P[\[LVM :VJPHS:JPLUJLZJHSSLK+HRZ`HHUK[OLSLHK ZWVUZVYZOPWVM)\ZPULZZ:[HUKHYK»Z)LZ[ ):JOVVS7YVQLJ[(^HYK*.HSZVYLJLP]LK ZPNUPÃ&#x201E;JHU[YLZWVUZL[VP[ZJHTW\ZYLJY\P[TLU[ LMMVY[ZPU0UKPH/\UNHY`HUK0UKVULZPH· JV\U[YPLZ^OLYL*.HJ[P]LS`YLJY\P[ZMYVT[VW LUNPULLYPUNHUKTHUHNLTLU[ZJOVVSZ[VI\PSK V\Y[HSLU[WPWLSPUL

Creating Leaders for the Future Global Leadership Development Programme

(ULTWSV`LL^PKL YLJVNUP[PVU WYVNYHTTL· º9,*6.50A,»[V YL^HYKL_JLSSLUJL

42

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

0[PZUV^^LSSYLJVNUPZLK[OH[TH_PT\T LMMLJ[P]LULZZVMSLHKLYZOPWKL]LSVWTLU[ WYVNYHTTLZVJJ\YZVU[OLQVIVY[OYV\NO [V\NOHZZPNUTLU[Z2LLWPUN[OPZPUTPUK HZWLJPHSSLHKLYZOPWKL]LSVWTLU[PUP[PH[P]L [HYNL[LKH[[OL5SL]LSVMSLHKLYZ^HZ YVSSLKV\[*HSSLK[OL*..SVIHS3LHKLYZOPW +L]LSVWTLU[WYVNYHT.3+7[OLPUP[PH[P]L JVUZPZ[ZVMUPULTVU[OZVM]HYPV\ZSLHKLYZOPW PUW\[ZJVTWYPZPUN[OYLLKPMMLYLU[TVK\SLZ ]HYPV\Z[LHTWYVQLJ[ZHUKHZZPNUTLU[Z HUKJSVZLPU[LYHJ[PVUZ^P[OZLSLJ[TLTILYZ VM[OL*.)VHYKVM+PYLJ[VYZHZ^LSSHZ[OL


ZLUPVYSLHKLYZVM[OL*VTWHU`;OL.3+7 OHKWHY[PJPWHU[ZHJYVZZHSSVM*.»ZNSVIHS VWLYH[PVUZ

Frontline Supervisory Development Programme Z\WLY]PZVYZHJYVZZ*.»Z]HYPV\ZSVJH[PVUZ HUK\UP[ZPU0UKPHOH]LILLU[YHPULKPU[OL Ã&#x201E;YZ[MV\YIH[JOLZVMP[Z-YVU[SPUL:\WLY]PZVY +L]LSVWTLU[7YVNYHTTL-:+73H\UJOLK H[[OL*VTWHU`»Z4HUHNLTLU[+L]LSVWTLU[ *LU[YLPU4\SZOPSHZ[:LW[LTILY[OL WYVNYHTTLHPTZ[VLUHISLZ\WLY]PZVYZ[VIL TVYLLMMLJ[P]LPU[OLPYYVSLZHZÃ&#x201E;YZ[SL]LSSLHKLYZ ^P[OPU*.-:+7OHZILLUJ\Z[VTPZLK[V HKKYLZZZWLJPÃ&#x201E;JULLKZHM[LYKPZJ\ZZPVUZ^P[O /9HYLWYLZLU[H[P]LZHTWSLVMZ\WLY]PZVYZ HJYVZZ*.0UKPH\UP[ZHUKSLHKLYZOPWPUW\[Z ;OL[OYLLKH`WYVNYHTTLISLUKZJSHZZYVVT L_WLYPLU[PHSSLHYUPUNHUKZLZZPVUZI`ZLUPVY THUHNLTLU[

Avantha Young Executives Programme ;OPZPZ[OL(]HU[OH.YV\W/9»ZPUP[PH[P]LHPTLK H[LU[Y`SL]LS[HSLU[(]HU[OH@V\UN,_LJ\[P]LZ 7YVNYHTTL»Z(@,7VIQLJ[P]LPZ[VJYLH[L HTPKKSLSL]LS[HSLU[WVVS[VHKKYLZZM\[\YL ULLKZ·^P[O[OPZJLY[PÃ&#x201E;JH[PVUWYVNYHTTL ILPUNHZ[LW[V^HYKZ[OH[LUK^OPJOPZVMMLYLK [VLHYS`JHYLLYOPNOWV[LU[PHSLTWSV`LLZ*. OHZ[PLK\W^P[O[OL:`TIPVZPZ0UZ[P[\[LVM )\ZPULZZ4HUHNLTLU[HZP[ZLK\JH[PVUWHY[ULY MVY(@,7;OPZ`LHYSVUNWYVNYHTTLJVUZPZ[Z VMLSLHYUPUNTVK\SLZJHZLZ[\KPLZHUKHU HJ[PVUSLHYUPUNWYVQLJ[:\JJLZZM\S(@,7 WHY[PJPWHU[Z^PSSNYHK\H[L[V(@,77S\ZHM[LY NVPUN[OYV\NOH[OVYV\NOHZZLZZTLU[JLU[YL HUKHÃ&#x201E;S[LYIHZLKZLSLJ[PVU/LYL[OL`^PSSIL KLLTLKHZNYV\WYLZV\YJLZHUK\UKLYNVH Ã&#x201E;]L`LHYJVTWYLOLUZP]LPU[LYJVTWHU`PU[LY NLVNYHWO`HUKPU[LYM\UJ[PVUYV[H[PVU

Industrial Relations SHINE: Executive Certification in Leadership Programme for Women (ZTLU[PVULKLHYSPLY*.OHZSH\UJOLK :/05,·,_LJ\[P]L*LY[PÃ&#x201E;JH[PVUPU3LHKLYZOPW 7YVNYHTTLMVY>VTLU:/05,OHZILLU PUP[PH[LKMVY^VTLULTWSV`LLZ[VOLSW\USLHZO [OLPYWV[LU[PHSI`WYV]PKPUNVWWVY[\UP[PLZMVY WYVMLZZPVUHSHUKWLYZVUHSKL]LSVWTLU[;OPZ ZP_TVU[OVUSPULWYVNYHTTLJVTTLUJLK^P[O HIH[JOVMWHY[PJPWHU[Z5L^IH[JOLZ^PSSIL PU[YVK\JLKH[WLYPVKPJPU[LY]HSZ

Young Researchers Programme @V\UN9LZLHYJOLYZ7YVNYHTTL@97PZ MVJ\ZLK[V^HYKZ[OL.LU@VM*.»Z9 + MYH[LYUP[`HUKSH`ZLTWOHZPZVUI\PSKPUN RUV^SLKNLHUKPU[LSSLJ[\HSJHWHIPSP[`HUK LX\PW[OLTMVYM\[\YLSLHKLYZOPWYVSLZ;OL WHY[PJPWHU[ZHYLHZLSLJ[LKNYV\WVMKP]LYZL `V\UNYLZLHYJOLYZ^OVOH]LILLUPUK\J[LK MYVTWYLTPLYPUZ[P[\[LZHUKHYLZLLUHZ[OL M\[\YL[LJOUVSVN`[VYJOILHYLYZMVY*.@97PZ H`LHYSVUNWYVNYHTTL^P[OMV\YTVK\SLZHUK PZKLZPNULK[VJH[LY[V[OLHZWPYH[PVUZVM`V\UN YLZLHYJOLYZHUK^VYR[V^HYKZTH_PTPZPUN [OLPY9 +HZ^LSSHZTHUHNLYPHSJHWHIPSP[PLZ (SSWHY[PJPWHU[ZOH]LILLUHZZPNULKTLU[VYZ ^OVHYLZLUPVYTLTILYZVM*.[LJOUVSVN` MYH[LYUP[`;OL`V\UNYLZLHYJOLYZOH]LZ[HY[LK [V^VYRVUJHYLM\SS`Z[Y\J[\YLK0UJS\ZP]L3P]L 7YVQLJ[Z037^OPJOZOV\SKLUHISL[OLT[V WYHJ[PJL[OLPYSLHYUPUN

*.JVU[PU\LZ[VOH]LHUL_JLSSLU[[YHJRYLJVYK VMJVYKPHSPUK\Z[YPHSYLSH[PVUZ;OLZ[YH[LN` VMJVSSLJ[P]LIHYNHPUPUNOHZOLSWLK*.[V LUZ\YLT\[\HSS`ILULÃ&#x201E;JPHSJVSSHIVYH[PVU^P[O [OL[YHKL\UPVUZ0U-@LPNO[JVSSLJ[P]L HNYLLTLU[Z^LYLULNV[PH[LKHUKZPNULKPU 0UKPH!Ã&#x201E;]LVM[OLZLOH]LILLUZPNULK^P[O \UPVUZYLWYLZLU[PUN^VYRTLUHUK[OYLL ^P[OHSSPUKP]PK\HS^VYRTLU;OLILULÃ&#x201E;[ZVM [OLZLHNYLLTLU[Z^PSSILHWWSPJHISL[V WLYTHULU[IS\LJVSSHY^VYRTLUVM*.PU\UP[Z LUJVTWHZZPUN7V^LY0UK\Z[YPHSHUK*VUZ\TLY I\ZPULZZLZ:TVV[OJVUK\J[VMULNV[PH[PVUZ WYPVY[VZPNUVMMZKLTVUZ[YH[LKOV^^VYRTLU HUK[OLTHUHNLTLU[JVVWLYH[LKPUHT\[\HSS` ILULÃ&#x201E;JPHSTHUULY·^OPJOOHZILLUHYLÃ&#x2026;LJ[PVU VMSVUNZ[HUKPUNTH[\YP[`PU[OLYLSH[PVUZOPW IL[^LLU*.»ZTHUHNLTLU[HUK[OL\UPVUZ

Corporate Social Responsibility ([*.^LILSPL]L[OH[^LOH]LHYLZWVUZPIPSP[` [VNP]LIHJR[V[OLZVJPL[`^LSP]LPU*. [OLYLMVYLZ[YP]LZ[VIHSHUJLP[ZI\ZPULZZ PU[LYLZ[Z^P[OP[Z*VYWVYH[L:VJPHS9LZWVUZPIPSP[` *:9[HZRZ0[ZHYLHZVMMVJ\ZHYL! R *VTT\UP[`V\[YLHJO!4HRPUNHKPMMLYLUJL [V[OLJVTT\UP[PLZHYV\UK[OLSVJH[PVUZ^OLYL *.»ZWSHU[ZHYLHUK[O\ZILPUNYLZWVUZPISL ZVJPHSJP[PaLUZVM[OLJVTT\UP[`[OH[*. ILSVUNZ[V R ,K\JH[PVUHUKZRPSSKL]LSVWTLU[! )LPUNHUPUK\Z[YPHSJVTWHU`*.[YPLZHUK SL]LYHNLZP[ZZ[YLUN[OZHUKRUV^SLKNLMYVT P[ZSPULZVMI\ZPULZZ[VJVU[YPI\[L[V^HYKZ

[LJOUPJHSLK\JH[PVUHUK[O\ZJYLH[LZ\Z[HPUHISL LTWSV`TLU[VWWVY[\UP[PLZ R :\Z[HPUHIPSP[`!)LPUNPU[OLºLULYN` THUHNLTLU[»ZWHJL*.JVU[YPI\[LZ[VHUK KL]LSVWZH^HYLULZZVMLULYN`JVUZLY]H[PVU LULYN`Z\Z[HPUHIPSP[`HUKHS[LYUH[LLULYN` \[PSPZH[PVUPU[OLJVTT\UP[PLZ[OH[*.PZHWHY[VM

Highlights for FY2014 /LSWPUN]PJ[PTZVM[`WOVVU/HP`HUPU[OL 7OPSPWWPULZ R *.[LHTZHJYVZZWSHU[ZPU4LJOLSLU

)LSNP\T*H]HU0YLSHUKHUK>PUUPWLN *HUHKHVYNHUPaLKM\UKYHPZLYZ[VOLSW[OL ]PJ[PTZVM[`WOVVU/HP`HU;OLNLULYH[LKM\UKZ ^HZKPZ[YPI\[LKIL[^LLU*VUZVY[P\TMVY(PK[V [OL7OPSPWWPULZ9LK*YVZZ0YLSHUKHUK*HUHKH

9LHJOPUNV\[[V<[[HYHROHUKÃ&#x2026;VVK ]PJ[PTZPU5VY[O0UKPH >OLUÃ&#x2026;HZOÃ&#x2026;VVKZYH]HNLK[OLUVY[OLYU0UKPHU Z[H[LVM<[[HYHROHUKHUKYLUKLYLKZL]LYHS [OV\ZHUKMHTPSPLZOVTLSLZZHUK^P[OV\[HU` TLHUZVMSP]LSPOVVK*.ZWY\UNPU[VHJ[PVUI` MVYNPUNHWHY[ULYZOPW^P[O79(.@(¶HU5.6 [OH[^VYRZPU[OL\WWLYYLHJOLZVM/PTHSH`HU YLNPVUHUKJVU[YPI\[LK[OYV\NOZL]LYHSTLHUZ R 7OHZL!4VUL[HY`*VU[YPI\[PVUZMYVT *.HUKP[ZLTWSV`LLZ[VM\UK[OLPTTLKPH[L YLOHIPSP[H[PVUVM[OLHMMLJ[LKJVTT\UP[PLZ R 7OHZL!0TTLKPH[LYLSPLM!KVUH[PVUVM LTLYNLUJ`YLX\PYLTLU[ZSPRLMVVKNYHPUZYHPU JVH[ZIHI`MVVKTLKPJPULZ[VYJOLZISHURL[Z L[J[OYV\NOJVSSLJ[PVUKYP]LZH[[OL*.WSHU[Z R 7OHZL!7HY[PJPWH[PVUPUYLOHIPSP[H[PVU HUKYLI\PSKPUNSP]LZ([LHTVM*.LTWSV`LLZ [YH]LSSLK[V[OLÃ&#x2026;VVKHMMLJ[LKYLNPVUZHUK ]VS\U[LLYLKPU[OLYLOHIPSP[H[PVUHUKYLI\PSKPUN WYVJLZZ;OL[LHT^VYRLK^P[O79(.@(PU[OL KPZ[YPJ[ZVM9\KYHWYH`HNHUK1VZOPTH[O[VPHPK SP]LSPOVVKI`I\PSKPUNNYLLUOV\ZLZMVY]PSSHNLYZ [VOLSW[OLTZ[VYLJYVWZMVYZLSMJVUZ\TW[PVU HUKTHYRL[Z\WWS`"HUKPPVYNHUPZLTLKPJHS JHTWZ^OPJOPU]VS]LKKVJ\TLU[PUNHUK JVUK\J[PUNH^HYLULZZZLZZPVUZVU]HYPV\Z KPZLHZLZHUK]HJJPUH[PVUZMVY[OL]PSSHNLYZ

,TWSV`HIPSP[` *.HUKHNYV\WVMV[OLYSPRLTPUKLKJVTWHUPLZ HYLWHY[ULYPUN^P[O[OL0*0*0-V\UKH[PVUPU HULUKLH]V\Y[VOLSW\WSPM[ZVTLVM[OVZL ^OVILSVUN[V[OLLJVUVTPJHSS`^LHRLY ZLJ[PVUVM[OLZVJPL[`(TVUNV[OLYZ[OL WYVNYHTTLJVUZPZ[ZVMMYLLYLZPKLU[PHS[YHPUPUN VU[LJOUPJHSZRPSSZ[V\ULTWSV`LK`V\[O[O\Z THRPUN[OLTWV[LU[PHSS`LTWSV`HISL0U[OPZ

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

43


CG has been proactive in promoting preventive healthcare to improve levels of health in the communities where it operates

*.OHZJVTWSL[LYLZWVUZPIPSP[`VM[OLJV\YZL VUW\TWHUKTV[VYTHPU[LUHUJL·^OPJO PU]VS]LZKLZPNUHUKPTWSLTLU[H[PVUVM[OL JV\YZLJ\YYPJ\S\TSHIVYH[VY`^VYRWYV]PKPUN THZ[LY[YHPULYZHUK[YHPUPUN[OLMHJ\S[`Z[\KLU[ HZZLZZTLU[HUKHYYHUNLTLU[ZMVY]VJH[PVUHS [YHPUPUNHM[LYJVTWSL[PVUVM[OLJV\YZL

:JPLUJLVU>OLLSZ *.[YPLZ[VIYPKNL[OLNHWZPUZJPLUJLHUK TH[OLTH[PJZHUK[VJYLH[LHZJPLU[PÃ&#x201E;J[LTWLY I`WYV]PKPUNVWWVY[\UP[PLZ[V[OL`V\[OSP]PUNPU JVTT\UP[PLZULHYV\YSVJH[PVUZ;OLº:JPLUJL VU>OLLSZ»WYVQLJ[H[[^VVMV\Y\UP[SVJH[PVUZPZ VULZ\JO0[PU]VS]LZ^VYRPUN^P[ONV]LYUTLU[ ZJOVVSZ[VWYV]PKLZ[\KLU[Z^P[OOHUKZVU L_WLYPLUJLPUSLHYUPUNZ\IQLJ[ZYLSH[LK[V ZJPLUJLTH[OLTH[PJZHZ[YVUVT`WO`ZPJZHUK IPVSVN` :RPSSKL]LSVWTLU[PUP[PH[P]LZ R 0U0UKPH*.WYVTV[LZ[LJOUPJHSLK\JH[PVU HTVUN`V\[OI`ZWVUZVYPUNZ[\KLU[ZL]LY` `LHYPU[YHPUPUNJV\YZLZZ\JOHZU\YZPUN LSLJ[YPJPHUZRPSSZ^LSKPUN^PUKPUNHUKW\TW ZL[ZLY]PJPUNHUKNSHZZTHU\MHJ[\YPUN0[ OHZHSZVOLSWLKPU\WNYHKPUN[OLX\HSP[`VM NV]LYUTLU[Y\UPUK\Z[YPHS[YHPUPUNPUZ[P[\[LZ I`PTWYV]PUN[OLPYJ\YYPJ\S\THUKSHIVYH[VYPLZ HUK[YHPUPUN[OLMHJ\S[`[VIYPUNP[H[WHY^P[O YLX\PZP[LPUK\Z[Y`ULLKZ*.OHZWHY[PJPWH[LK PUZL[[PUN\WT\S[PTLKPH[YHPUPUNJLU[YLZPU 5VY[O0UKPH0UHKKP[PVULTWSV`LLZVM*.H[[OL >LZ[LYU9LNPVU4\TIHP]VS\U[LLY[OLPY[PTL HUKL_WLY[PZLH[[OL9\Z[VTQLL(JHKLT`MVY .SVIHS*HYLLYZ·^OLYLKPZHK]HU[HNLK\YIHU `V\[OHYL[H\NO[WYHJ[PJHSJV\YZLZVULSLJ[YPJ TV[VYZ[YHUZMVYTLYZSPNO[PUNHUKW\TWZL[Z R 0U/\UNHY`*.7V^LY/\UNHY`JVUK\J[Z YLN\SHY,UNSPZOZWLHRPUNJSHZZLZMVYSVJHS`V\[O PU;HWPVZaLSLHUK)\KHWLZ[0[HSZV^VYRZ ^P[OZ[\KLU[ZMYVT[OL;LJOUPJHS<UP]LYZP[` )\KHWLZ[[VYLJY\P[):JHUK4:JLUNPULLYZ R 0U:WHPU*.OHZ[PLK\W^P[O-\UKHJP}U 5V]PH:HSJLKVHU5.6[VWYVTV[L LTWSV`TLU[HTVUN`V\[O;OPZPUP[PH[P]L^PSS MVJ\ZVUWYV]PKPUNZJOVSHYZOPWZHUKPUK\Z[YPHS L_WVZ\YL[VZ\JOZ[\KLU[Z4VYLV]LY*. PTWHY[Z[YHPUPUNVU^LSKPUNHUKLSLJ[YPJHS JV\YZLZ R 0U*HUHKH*.7V^LY*HUHKHJVSSHIVYH[LZ ^P[O[OL<UP]LYZP[`VM4HUP[VIH[VWYV]PKL ZJOVSHYZOPWZ[VLUNPULLYPUNZ[\KLU[Z LZWLJPHSS`^VTLU"HUK[VLUJV\YHNLTVYLNPYSZ [V[HRL\WLUNPULLYPUNJV\YZLZ

44

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

R 0U0UKVULZPH*.7V^LY0UKVULZPHPTWHY[Z

YLN\SHY[YHPUPUN[V`V\UNWLVWSLVU^LSKPUNHUK MVYLSLJ[YPJHSJV\YZLZ

=VJH[PVUHSHUKZRPSSPUNJLU[YLZMVY^VTLU HUK^VTLU»ZLTWV^LYTLU[PU0UKPH R (ZWHY[VM[OLZ\Z[HPUHISLSP]LSPOVVK

WYVNYHTTL*.J\YYLU[S`Y\UZZP_]VJH[PVUHS [YHPUPUNJLU[YLZMVY^VTLUVM^OPJOMV\YHYL SVJH[LKPU\YIHUZS\TZVM4\TIHP;OLZL HYLY\UPUJVSSHIVYH[PVU^P[O[OL4PUPZ[Y`VM /\THU9LZV\YJL+L]LSVWTLU[;OLYLHYL [^VV[OLYJLU[YLZY\UUPUNPU:\UKLY5HNYPHU \YIHUZS\THYLHPU+LSOP;OLZLJLU[YLZOH]L ILLULZ[HISPZOLKHUKHYL^VYRPUN[VWYV]PKL ]VJH[PVUHS[YHPUPUN[VUVUSP[LYH[LULVSP[LYH[L HZ^LSSHZZJOVVSKYVWV\[^VTLUI`PKLU[PM`PUN ZRPSSZ[OH[^PSSOLSWWYV]PKL[OLTSP]LSPOVVK *V\YZLZZ\JOHZILH\[PJPHU[YHPUPUNHUKMHZOPVU KLZPNUPUNHZ^LSSHZZVM[ZRPSSZHYLILPUN[H\NO[ H[[OLZLJLU[YLZ R ([[OL\YIHU]PSSHNLZVM2HUQ\Y)OHUK\WHUK =PROYVSP^OPJOHYLJVU[PN\V\Z[V*.»Z2HUQ\Y 4HYNJVTWSL_H[4\TIHP^VTLUZLSMOLSW NYV\WZ[OH[^LYLLUJV\YHNLKI`[OL*VTWHU` OH]LZ[HY[LK[OLPYV^UI\ZPULZZLU[LYWYPZLZ ;VKH`THU`VM[OLTLHYUHU`^OLYLIL[^LLU 9ZHUK9ZWLYTVU[O^OPSL V[OLYZ^VYRHZWHY[[PTLJHYLNP]LYZ\UKLY KPMMLYLU[NV]LYUTLU[ZJOLTLZ

*VTT\UP[`OLHS[OHUKH^HYLULZZ JHTWHPNUZ *.OHZILLUWYVHJ[P]LPUWYVTV[PUNWYL]LU[P]L OLHS[OJHYL[VPTWYV]LSL]LSZVMOLHS[OPU[OL JVTT\UP[PLZ^OLYLP[VWLYH[LZ R 0U0UKPH+\YPUN-@HWWYV_PTH[LS` WLYZVUZMYVTIV[O\YIHUZS\TZHUK YLTV[LY\YHSHYLHZOH]LILLUJV]LYLKI` *.»ZPU[LY]LU[PVU;OLMVJ\Z^HZVU/0=(0+: HUKJHUJLYPUHKKP[PVUNLULYHSOLHS[OJHYL HUKYLN\SHYKLU[HSHUKL`LJOLJR\WZ*. LTWSV`LLZHSZVWHY[PJPWH[LPUHUHUU\HSISVVK KVUH[PVUKYP]L R 0U/\UNHY`HUK*HUHKH;OLZL

NLVNYHWOPLZJVUK\J[LKH^HYLULZZ WYVNYHTTLZHUKM\UKYHPZPUNL]LU[Z[VOLSW WH[PLU[ZZ\MMLYPUNMYVTJOYVUPJPSSULZZLZ0U HKKP[PVU*.7V^LY*HUHKH^VYRLK[VI\PSK OVTLZMVYULLK`MHTPSPLZ[OYV\NO/HIP[H[MVY /\THUP[` R 0U[OL<:(,TWSV`LLZVM*.7V^LY<: WHY[PJPWH[LKPUH[OYLL^LLRTPZZPVU[VWYV]PKL LK\JH[PVUHUKIHZPJÃ&#x201E;YZ[HPKZ\WWSPLZ[V.OHUH ;OL`HSZV[VVR\W[OLJH\ZLVMZLUZP[PZPUN WLVWSL[OYV\NOHM\UKYHPZPUNL]LU[JHSSLK


º9LSH`MVY3PML»MVY[OL(TLYPJHU*HUJLY:VJPL[` ^OPJOJLSLIYH[LZJHUJLYZ\Y]P]VYZHUKZOHYLZ [OLPYZ\JJLZZZ[VYPLZ^P[O[OLYLZ[VM[OL^VYSK

TABLE 06

Standalone Performance Rs. Crore, Year Ended 31 March

Financial Performance ;OPZZLJ[PVUILNPUZ^P[O*.»ZZ[HUKHSVUL YLZ\S[ZHM[LY^OPJOP[TV]LZVU[V[OLÃ&#x201E;UHUJPHS WLYMVYTHUJLVM[OLV]LYZLHZLU[P[`ILMVYL Ã&#x201E;UHSS`[OLJVUZVSPKH[LKÃ&#x201E;UHUJPHSZMVY[OL *VTWHU`

CG: Standalone Financial Performance ;OLZ[HUKHSVULYLZ\S[ZVM*.MVY[OL`LHYLUKLK 4HYJOHUKHYLNP]LUPUTable 6 ;HISLZOV^Z[OLRL`YH[PVZWYVÃ&#x201E;[HIPSP[` HZZL[ZLMÃ&#x201E;JPLUJ`HUKSL]LYHNLYH[PVZVM[OL LU[P[`MVY-@HUK-@ R .YVZZZHSLZVYYL]LU\LMYVTVWLYH[PVUZ NYL^I` [V9Z JYVYLPU-@ 5L[ZHSLZHUKZLY]PJLZPUJYLHZLKI` [V 9Z JYVYL R 9H^TH[LYPHSJVZ[ZHZHZOHYLVMUL[ZHSLZ YLTHPULKTVYLVYSLZZÃ&#x2026;H[! PU-@ ]LYZ\Z PU-@0UHIZVS\[L[LYTZ[OPZ OLHKVMJVZ[PUJYLHZLKI` ·^OPJO^HZ IHZPZWVPU[ZSLZZ[OHU[OLNYV^[OPUUL[ZHSLZ R 6WLYH[PUN,)0+;(PUJYLHZLKI` [V 9ZJYVYLPU-@ R 6WLYH[PUN7);NYL^I` V]LY[OL WYL]PV\Z`LHY[V9Z JYVYL R 7(;PUJYLHZLKI` [V9ZJYVYL R ;OLYH[PVVMVWLYH[PUN,)0+;([VUL[ZHSLZ PUJYLHZLKI`IHZPZWVPU[ZMYVT PU -@[V PU-@ R 965>NYL^I` IHZPZWVPU[Z[V PU -@;OV\NOSLZZ[OHU^OH[[OL*VTWHU`»Z Z[HUKHSVULLU[P[`\ZLK[VLHYU[OYLL`LHYZ LHYSPLY[OPZPZHNVVKWLYMVYTHUJLJVTWHYLK[V V[OLYZPU[OLPUK\Z[Y` R >P[OIL[[LYWLYMVYTHUJL[OL96*,OHZ PTWYV]LKI`IHZPZWVPU[Z[V H[[OLLUK VM-@;OPZPZ[OLOPNOLZ[96*,HTVUNHSS ZPNUPÃ&#x201E;JHU[JVTWL[P[VYZPU[OLZLJ[VYZ[OH[*. 0UKPHVWLYH[L

CG: Overseas Financial Performance ;OLJVUZVSPKH[LKÃ&#x201E;UHUJPHSWLYMVYTHUJLVMHSS V]LYZLHZLU[P[PLZPZNP]LUPU;HISL -VY[OL*.V]LYZLHZLU[P[PLZ! R 9L]LU\LMYVTVWLYH[PVUZPUJYLHZLKI`  [V<: TPSSPVU)LJH\ZLVM[OL KLWYLJPH[PVUVM[OL0UKPHUY\WLL[OPZNYL^I`  [V9ZJYVYLPU-@

9L]LU\LMYVTVWLYH[PVUZ 3LZZ!L_JPZLK\[`

F Y2 0 1 3

F Y 2 01 4



 





5L[:HSLZHUK:LY]PJLZ



 

*VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLK HUKJVUZ[Y\J[PVUTH[LYPHS



 





,TWSV`LL)LULÃ&#x201E;[ZL_WLUZL 6[OLY,_WLUZLZ

 



,)0+;(L_JS\KPUN6[OLY0UJVTL60

 



60





,)0+;(PUJS\KPUN60





-PUHUJL*VZ[Z







 

+LWYLJPH[PVUHUK(TVY[PZH[PVUL_WLUZL 7);L_JS\KPUN60





7);PUJS\KPUN60

 



3LZZ![H_L_WLUZL *\YYLU[;H_

 

+LMLYYLK;H_ 7(;



 









F Y2 0 1 3

F Y 2 01 4

TABLE 07

Standalone Performance â&#x20AC;&#x201D; Key Ratios Year Ended 31 March

7YVÃ&#x201E;[HIPSP[`9H[PVZ ,)0+;(L_JS\KPUN605L[:HSLZ

















965>





96*,H[`LHYLUKJHWP[HSLTWSV`LK





*HZO96*,





,)0+;(PUJS\KPUN605L[:HSLZ 7);5L[:HSLZ

,7:9ZWLYZOHYL

 



*HZO,7:9ZWLYZOHYL





3L]LYHNL9H[PVZ ;V[HS+LI[;V,X\P[` 0U[LYLZ[*V]LYHNL9H[PV (ZZL[Z,É&#x2030;JPLUJ`









5(

5(





5L[:HSLZ;V.YVZZ>*[PTLZ





5L[:HSLZ;V5L[>*[PTLZ





5V[L!+\L[VI\`IHJRVMLX\P[`ZOHYLZ,7:HUK*HZO,7:MVY-@PZJHSJ\SH[LKVU^LPNO[LKH]LYHNLU\TILYVMLX\P[`ZOHYLZ >P[OJYLKP[Z[OLPU[LYLZ[WH`V\[^HZULNH[P]LIV[OPU-@HUK-@ZLL;HISLHIV]L;O\Z[OLPU[LYLZ[JV]LYHNLYH[PVOHZUV TLHUPUN

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

45


TABLE 08

Consolidated Financial Performance of the Overseas Entities Year Ended 31 March F Y2 0 1 3

FY2014

RS .C RO RE

U S $ MIL L IO N

RS .C RO RE

U S $M I L L I ON

 

 























 

9L]LU\LMYVTVWLYH[PVUZ ,)0+;(L_JS\KPUN6[OLY0UJVTL60 60 ,)0+;(PUJS\KPUN60 -PUHUJL*VZ[ +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

     

   





7);L_JS\KPUN60)LMVYL,_JLW[PVUHSP[LT









7);PUJS\KPUN60)LMVYL,_JLW[PVUHSP[LT









3LZZ!L_JLW[PVUHSP[LT 7);(M[LY,_JLW[PVUHSP[LT 3LZZ![H_L_WLUZL *\YYLU[;H_ +LMLYYLK;H_ 7(; 4PUVYP[`0U[LYLZ[ :OHYLVM7YVÃ&#x201E;[3VZZVM(ZZVJPH[L*VTWHUPLZ 7(;*HYYPLK-VY^HYK[V[OL)HSHUJL:OLL[ Exchange Rate for US$1











 





















 



 















 

















54.4316

60.3575

5V[L!;OLL_JLW[PVUHSP[LTPU-@^HZ[OLVUL[PTLYLZ[Y\J[\YPUNHUKYPNO[ZPaPUNJVZ[PUJ\YYLKH[4LJOLSLU]HS\LKH[9ZJYVYL

R 6WLYH[PUN,)0+;(OHZZOV^UHTVKLZ[

R 6WLYH[PUN7);ILMVYLL_JLW[PVUHSP[LTOHZ

JVTLIHJR·MYVTHSVZZVM<: TPSSPVUPU -@[VIYLHRL]LUPU-@ R ;OV\NOZ[PSSPUYLK[OLVWLYH[PUN7);OHZ HSZVZOV^UZVTLPTWYV]LTLU[·MYVTH SVZZVM<: TPSSPVUPU-@[VHSVZZVM <: TPSSPVUPU-@ R 3VZZLZH[[OL7(;SL]LSOHZHSZVYLK\JLK MYVT<: TPSSPVUPU-@[V<: TPSSPVU PU-@

HSTVZ[[YLISLK[V9ZJYVYLPU-@"HUK PUJYLHZLKI` [V<: TPSSPVU R 7(;ILMVYLTPUVYP[`PU[LYLZ[ZZOHYLVM HZZVJPH[LKJVTWHUPLZHUKL_JLW[PVUHSP[LTZ OHZTVYL[OHU[YLISLK[V9ZJYVYL0U [LYTZVM<:KVSSHYZP[OHZNYV^UI` [V <: TPSSPVU

CG: Consolidated Financial Performance ;HISL NP]LZ[OLJVUZVSPKH[LKWLYMVYTHUJLVM *.^OPSL;HISLNP]LZ[OLRL`YH[PVZ R 5L[ZHSLZHUKZLY]PJLZ!0UY\WLLZP[NYL^ I` [V9ZJYVYLPU-@ 0U[LYTZVM<: P[^HZTVYLVYSLZZÃ&#x2026;H[H[ <: TPSSPVU;OPZPZ[OLMV\Y[OZ\JJLZZP]L `LHY^OLU*.»ZUL[ZHSLZHUKZLY]PJLZOHZ L_JLLKLK<: IPSSPVU R 6WLYH[PUN,)0+;(OHZPUJYLHZLK·I`  PUY\WLLZ[V9ZJYVYLPU-@HUKI`  [V<:KVSSHYZ[V<: TPSSPVU

46

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

(ZPZJSLHYMYVT;HISLHSSI\[VULYH[PV OHZ[HRLUHKPZ[PUJ[[\YUMVY[OLIL[[LY(UK [OLYLZPK\HS·[OLKLI[[VLX\P[`YH[PV· OHZTHYNPUHSS`PUJYLHZLK-PUHUJPHSS`HUK VWLYH[PVUHSS`[OLYLMVYL*.PZVUHKPZ[PUJ[ WH[OVMPTWYV]LTLU[HS[OV\NO[OLYLPZT\JO[V [YH]LYZLPU[OL`LHYZHOLHK

Risk Management *YVTW[VU.YLH]LZJVU[PU\LZ[VKLWSV`H ^LSSHY[PJ\SH[LKYPZRTHUHNLTLU[MYHTL^VYR ;OPZPZIHZLK\WVUH[OYLL[PLYLKHWWYVHJO LUJVTWHZZPUNPLU[LYWYPZLYPZRZPPWYVJLZZ YPZRZHUKPPPJVTWSPHUJLYPZRZ


At an overall level,

TABLE 09

the compass has moved

Consolidated Financial Performance

towards greater revenues

Year Ended 31 March FY 20 1 3

.YVZZZHSLZHUKZLY]PJLZ 3LZZ!L_JPZLK\[` 5L[:HSLZHUK:LY]PJLZ *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[Z JVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHS

F Y2 0 1 4

R S. CR OR E

US$M I LLIO N

RS .C RO RE

U S $ MIL L IO N





 



 







 











 



,TWSV`LL)LULÃ&#x201E;[L_WLUZL





 



6[OLY,_WLUZLZ



























 











 



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL









,)0+;(L_JS\KPUN6[OLY0UJVTL60 60 ,)0+;(0UJS\KPUN60 -PUHUJL*VZ[Z

7);L_JS\KPUN60

 







7);0UJS\KPUN60)LMVYL,_JLW[PVUHS0[LT





 



3LZZ!,_JLW[PVUHS0[LT













 



7);HM[LY,_JLW[PVUHSP[LT 3LZZ![H_L_WLUZL









*\YYLU[;H_





+LMLYYLK;H_





















7(;ILMVYL,_JLW[PVUHS0[LT 7(;HM[LY,_JLW[PVUHS0[LT































4PUVYP[`0U[LYLZ[ :OHYLVM7YVÃ&#x201E;[3VZZVM(ZZVJPH[L *VTWHUPLZ 7(;HM[LYTPUVYP[`PU[LYLZ[HUKZOHYLVM HZZVJPH[LJVTWHUPLZ

 

Exchange Rate for US$1

,U[LYWYPZLYPZRPKLU[PÃ&#x201E;JH[PVUHUKTP[PNH[PVU PUP[PH[P]LZHYLTHUHNLK[OYV\NOHUVUNVPUN HJ[PVUHNLUKHIL[^LLU[OLJVYWVYH[LYPZR KLWHY[TLU[HUKLHJOVM[OLI\ZPULZZLZHZ^LSS HZMVY[OL*VTWHU`HZH^OVSL;OLJV]LYHNL L_[LUKZ[VHSSRL`I\ZPULZZL_WVZ\YLZHZ^LSS HZ[VSVZ[VWWVY[\UP[PLZ·IV[OPU[LYUHSHUK L_[LYUHS·[OH[HYLPKLU[PÃ&#x201E;LKPUJVUQ\UJ[PVU ^P[O[OLI\ZPULZZLZ(M[LYNL[[PUNHTLHZ\YL VMLHJOZ\JOLU[LYWYPZLYPZR[OLJVYWVYH[LYPZR KLWHY[TLU[[YHJRZ[OLTP[PNH[PVUHJ[PVUZ 7YVJLZZYPZRTHUHNLTLU[PU]VS]LZ HZZ\YHUJLZI`[OL*VTWHU`»ZPU[LYUHSH\KP[ KLWHY[TLU[YLNHYKPUN[OLLMMLJ[P]LULZZVM I\ZPULZZHUKÃ&#x201E;UHUJPHSJVU[YVSZHUKWYVJLZZLZ PUHSSRL`HJ[P]P[PLZHJYVZZ[OL]HYPV\Z I\ZPULZZLZ

54.4316

accompanied by larger profits

60.3575

*VTWSPHUJLYPZRTHUHNLTLU[JVTWYPZLZH KL[HPSLKTLJOHUPZTVMHZZ\YHUJLZ^P[OYLZWLJ[ [VHKOLYLUJLVMHSSSH^ZHUKYLN\SH[PVUZPU L]LY`JV\U[Y`^P[OHJVTWYLOLUZP]LYLWVY[PUN WYVJLZZ[OH[JHZJHKLZ\W^HYKZMYVT[OL HJJV\U[HISLI\ZPULZZSPULL_LJ\[P]LZ[V*.»Z Ã&#x201E;K\JPHY`(\KP[HUK9PZR*VTTP[[LL(9*HUK [OLUVU[V[OL)VHYKVM+PYLJ[VYZ ;OLV\[JVTLZVMI\ZPULZZYL]PL^TLL[PUNZ JVUK\J[LKI`THUHNLTLU[HUKPU[LYUHSH\KP[ YLNHYKPUNWYVJLZZLZHUK[OLPYJVTWSPHUJLHZ ^LSSHZVIZLY]H[PVUZVM[OL(9*HUK[OL)VHYK VM+PYLJ[VYZHYLJVU[PU\V\ZS`PUJVYWVYH[LK[V JHW[\YLUL^YPZRZHUK\WKH[L[OLL_PZ[PUNVULZ (SS[OYLLKPTLUZPVUZVM*.»Z9PZR 4HUHNLTLU[MYHTL^VYRHYLYL]PL^LKHUU\HSS` MVY[OLPYYLSL]HUJLHUKTVKPÃ&#x201E;JH[PVUZHZ

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

47


CG will keep pursuing expansion in new geographies and deploying

TABLE 10

Consolidated Financial Performance Year Ended 31 March

higher value-added

F Y2 0 1 3

FY2014





products and services in

7YVÃ&#x201E;[HIPSP[`9H[PVZ

the electrical space

,)0+;(L_JS\KPUN605L[ZHSLZ





,)0+;(PUJS\KPUN605L[ZHSLZ









965>





96*,[LYTPUHS

 



*HZO96*,[LYTPUHS

 



7);5L[ZHSLZL_JS\KPUNL_JLW[PVUHSP[LT

7LY:OHYL9H[PVZ ,7: *HZO,7: 3L]LYHNL9H[PVZ

















;V[HSKLI[[VLX\P[`





0U[LYLZ[JV]LYHNLYH[PV









5L[ZHSLZ[VNYVZZ^VYRPUNJHWP[HS[PTLZ

 



5L[ZHSLZ[VUL[^VYRPUNJHWP[HS[PTLZ



 

(ZZL[Z,É&#x2030;JPLUJ`9H[PVZ

5V[L!*HSJ\SH[LKL_JS\KPUNL_JLW[PVUHSP[LT+\L[VI\`IHJRVMLX\P[`ZOHYLZ,7:HUK*HZO,7:MVY-@PZJHSJ\SH[LKVU ^LPNO[LKH]LYHNLU\TILYVMZOHYLZ

YLX\PYLK;OLI\ZPULZZLZHUKPU[LYUHSH\KP[ THRLYLN\SHYWYLZLU[H[PVUZ[V[OL(9*MVY KL[HPSLKYL]PL^;OLYPZRTHUHNLTLU[WYVJLZZ PUJS\KPUNP[Z[YHJRPUNHUKHKOLYLUJLPZ Z\IZ[HU[PHSS`LLUHISLKMVYNYLH[LYJVUZPZ[LUJ` HUKIL[[LYYLWVY[PUNJHWHIPSP[PLZ

Internal Controls and their Adequacy *.ILSPL]LZ[OH[HZ[YVUNPU[LYUHSJVU[YVSZ MYHTL^VYRPZHULZZLU[PHSWYLYLX\PZP[LVM NYV^PUNP[ZI\ZPULZZLZ;V[OH[LUKP[OHZHU LMMLJ[P]LHUKLMÃ&#x201E;JPLU[PU[LYUHSJVU[YVSZ`Z[LT [VJVUK\J[[OLH\KP[VM]HYPV\ZKP]PZPVUZZHSLZ VMÃ&#x201E;JLZJVYWVYH[LOLHKX\HY[LYZHUKV]LYZLHZ VWLYH[PVUZ;OLPU[LYUHSH\KP[[LHTMVJ\ZLZ WYPTHYPS`VUVWLYH[PVUHSHUKZ`Z[LTZH\KP[Z [OH[TVUP[VYJVTWSPHUJL^P[OKLÃ&#x201E;ULKH\[OVYP[` KLSLNH[PVUTH[YP_VM[OL*VTWHU` (UU\HSPU[LYUHSH\KP[WSHUJV]LYZRL`HYLHZ VMVWLYH[PVUZ;OPZPZ]L[[LKI`)VHYKSL]LS (9*^OPJOPZ\WKH[LKL]LY`X\HY[LY·HUK VJJHZPVUHSS`IL[^LLUZ\JJLZZP]LX\HY[LYZ·VM [OLZPNUPÃ&#x201E;JHU[PU[LYUHSH\KP[VIZLY]H[PVUZ JVTWSPHUJL^P[OZ[H[\[LZYPZRTHUHNLTLU[ HUKJVU[YVSZ`Z[LTZ;OL(9*HZZLZZLZ[OL HKLX\HJ`HUKLMMLJ[P]LULZZVMPUW\[ZNP]LU

48

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

I`PU[LYUHSH\KP[VYHUKZ\NNLZ[ZPTWYV]LTLU[ MVYZ[YLUN[OLUPUNPU[LYUHSJVU[YVSZMYVT[PTL[V [PTL *.»ZPU[LYUHSJVU[YVSZOH]LILLUKLZPNULK [VWYV]PKLHYLHZVUHISLHZZ\YHUJL^P[OYLNHYK [VTHPU[HPUPUNVMWYVWLYPU[LYUHSJVU[YVSZ TVUP[VYPUNVMVWLYH[PVUZWYV[LJ[PUNHZZL[Z MYVT\UH\[OVYPZLK\ZLVYSVZZLZJVTWSPHUJLZ ^P[OYLN\SH[PVUZMVYLUZ\YPUNYLSPHIPSP[`VM Ã&#x201E;UHUJPHSYLWVY[PUN;OL*VTWHU`\ZLZ:(7HZ P[ZRL`KH[HHUKHUHS`[PJZ[VVS·^OPJOOHZV]LY [OL`LHYZJVUZPKLYHIS`LUOHUJLK[OLPU[LYUHS JVU[YVSTLJOHUPZT (ZYLJVTTLUKLKI`(9*PU[LYUHSH\KP[OHZ KL]LSVWLKHUKL_[LUKLKHUPU[LYUHSS`JVKLK 9PZR*VU[YVS-YHTL^VYR9*-ZVM[^HYLHJYVZZ [OL*VTWHU`;OPZOLSWZPU\UKLYZ[HUKPUN [OLYPZRHUKJVU[YVSLU]PYVUTLU[MYVT[OL WLYZWLJ[P]LVMLHJO\UP[·ILP[HKP]PZPVUVYH THYRL[PUNZHSLZVMÃ&#x201E;JL;OL(9*WLYPVKPJHSS` YL]PL^Z[OLÃ&#x201E;UKPUNZVM9*-HUKZ\NNLZ[Z PTWYV]LTLU[Z^OLYLULLKLK (ZTLU[PVULKPU[OLWYL]PV\ZZLJ[PVU*. HSZVOHZHJVTWYLOLUZP]LYPZRTHUHNLTLU[ WVSPJ`^OPJOJVUK\J[ZYPZRHZZLZZTLU[ YLWVY[Z[V[OL)VHYKSL]LS(9*HUK


ZPT\S[HULV\ZS`Z\NNLZ[ZTP[PNH[PVUWYVJLK\YL [V[OL*VTWHU`»ZTHUHNLTLU[

A Summary and The Outlook ;OLV]LYHSSLSLJ[YPJHSTHYRL[PU0UKPHHZ^LSSHZ HIYVHKYLTHPUZK`UHTPJ^P[OKPMMLYLU[YH[LZVM NYV^[OL_WLJ[LKPUHSS[OLNLVNYHWOPLZ[OH[*. VWLYH[LZPU;OL*VTWHU`OHZHOLHS[O`VYKLY IVVRLTLYNPUNMYVT[OLVYKLYZP[ZW\YZ\LKPU UL^THYRL[ZVM(ZPH(MYPJH3H[PU(TLYPJHHUK [OL4PKKSL,HZ[HUK[OLUL^VMMLYPUNZPU[OL ZTHY[NYPKHYLH (Z[OLV]LYHSSPUK\Z[Y`PZNVPUN[OYV\NO JVUZVSPKH[PVU^LTPNO[OV^L]LYL_WLJ[ PU[LUZPÃ&#x201E;LKJVTWL[P[PVU (ZH*VTWHU`^LHYLW\YZ\PUNPU[LNYH[PVU HUKJVUZVSPKH[PVUVMV\YI\ZPULZZLZ-VJ\Z YLTHPUZVUYLK\J[PVUVMV\YV]LYHSSJVZ[ Z[Y\J[\YLYH[PVUHSPZH[PVUVMV\YWYVK\J[WVY[MVSPV HUKL_[LUZPVUVMZ`ULYNPLZHJYVZZNLVNYHWOPLZ *.^PSSRLLWW\YZ\PUNL_WHUZPVUPUUL^ NLVNYHWOPLZHUKKLWSV`PUNOPNOLY]HS\LHKKLK WYVK\J[ZHUKZLY]PJLZPU[OLLSLJ[YPJHSZWHJL 7V^LYWYVK\J[ZJVU[YPI\[L[V VM*.»Z [\YUV]LY9H[PVUHSPZH[PVUVM[OLTHU\MHJ[\YPUN MVV[WYPU[MVY[OPZZLNTLU[Z[HY[LKPU-@ ;OL*VTWHU`^PSSJVU[PU\L[VYLKLWSV` HUKVW[PTPZLP[ZHZZL[ZK\YPUN-@[V PTWYV]LHZZL[\[PSPZH[PVUYH[PVZ;OL*HUHKPHU VWLYH[PVUZOH]L\UKLYNVULYLZ[Y\J[\YPUNPU -@[VIHSHUJL[OLKLTHUKHUKJHWHIPSP[` TP_^OPSLJHWHJP[`^HZHKKLKPU/\UNHY`[V JYLH[LHTHU\MHJ[\YPUNO\IMVY,4,(-HJPSP[PLZ PU0UKPHHUK:V\[O(ZPHHYLZPT\S[HULV\ZS` TV]PUN\W[OL]HS\LJOHPU^P[OVMMLYPUNZ\W [VR=R=HUK.0:(IS\LWYPU[VM[OL THU\MHJ[\YPUNZL[\WPU.\QHYH[0UKPH^PSS[HRL ZOHWLPU[OLULHYM\[\YL ;OL:`Z[LTZHUK:VS\[PVUZI\ZPULZZPZ L_WHUKPUNP[Z[HPSVYLKZVS\[PVUMVYVMMZOVYL^PUK MHYTZLSLJ[YPJHSJVUULJ[PVUZ^P[OYLJLU[^PUZ PU,\YVWL ;OLH\[VTH[PVUI\ZPULZZUV^OHZP[ZZTHY[ NYPKVMMLYPUNZNVPUNIL`VUK(40[V+(:[OH[ YHUNLZMYVT3=Z\WLY]PZPVU[V4=H\[VTH[PVU ;OLI\ZPULZZ^PSSZLL[YHJ[PVUPU,\YVWLHUK<: HZ[OLZTHY[NYPKTHYRL[ZPU[OLZLNLVNYHWOPLZ LU[LYPU[VHJVTTLYJPHSWOHZL >P[O[OLUL^L_[LUKLKYHUNLVMWYVK\J[Z HUK[OLKLWSV`TLU[VMVMMLYPUNMVY[OL^LZ[LYU THYRL[Z*.0UK\Z[YPHS^PSSJVU[PU\L[VMVJ\ZVU M\Y[OLYL_WHUKPUNP[ZWYVK\J[VMMLYPUNYHUNL ;OLWYPVYP[`^PSSILNLVNYHWOPJHSL_WHUZPVUPU ,\YVWL4PKKSL,HZ[HUK[OL:,(7;OL0UKPH THU\MHJ[\YPUNO\IZOV\SKPTWSLTLU[SLHU

WYHJ[PJLZ[VKLSP]LY[V[OLUL^THYRL[ZPUHJVZ[ LMÃ&#x201E;JPLU[THUULY *.*VUZ\TLYOHZZ`Z[LTH[PJHSS` V\[WLYMVYTLK[OLTHYRL[PULHJOZLNTLU[ ^OLYL^LHYLHJ[P]L3VUN[LYTNYV^[OV\[SVVR VM[OLZLNTLU[PZWVZP[P]L*.OHZHKVW[LKH UL^HWWYVHJOMVYL_WHUZPVUVM[OPZZLNTLU[ I`MVJ\ZPUNVUYLHJOL_WHUZPVUHUKUL^ JOHUULSZVMTVKLYUYL[HPSHZ^LSSHZUL^ WYVK\J[PU[YVK\J[PVUPU[OL3,+SPNO[ZW\TWZ HUKMHUZZLNTLU[;OLI\ZPULZZ^PSSMVJ\ZVU YLQ\]LUH[PUN[OL¸*YVTW[VU¹IYHUK[VHKKYLZZ UL^THYRL[ZLNTLU[ZPUY\YHSHUK\YIHUHYLHZ *.OHZ[HRLUZ[LWZ[VW\[PUWSHJLH^LSS Z[Y\J[\YLKJ\Z[VTLYJLU[YPJVYNHUPZH[PVU ^P[OHZPUNSLPU[LYMHJL^P[OJ\Z[VTLYZMVY LHJONLVNYHWO`0[YLJVNUPZLZ[OL]HS\LVM \UKLYZ[HUKPUNJSPLU[»ZULLKZHUKYLX\PYLTLU[Z HUK^PSSZ[YP]L[VJVTIPUL[OVZLPU[VP[ZWYVK\J[Z HUKZLY]PJLZ^P[O[LJOUVSVN`RUV^SLKNLVM Z`Z[LTPU[LNYH[PVUHUKJVU[PU\P[`[VKLSP]LYH JVTWSL[LZVS\[PVUMVYZ\JOULLKZ *.ILSPL]LZ[OH[P[ZLTWSV`LLZHYLRL`WPSSHYZ VM[OLLU[LYWYPZLHUKPZPU]LZ[PUNPU[YHPUPUNHUK WLYZVUULSKL]LSVWTLU[MVYHULTWV^LYLK ^VYRMVYJL+LZWP[LJVZ[WYLZZ\YLZP[OHZ RLW[HOPNOWYPVYP[`MVY[HSLU[THUHNLTLU[ HUK[HSLU[HJX\PZP[PVU(UPUP[PH[P]LOHZILLU Z[HY[LK[VI\PSK[HSLU[WVVSMVYJYP[PJHSYVSLZPU[OL VYNHUPZH[PVU(Z[OL*VTWHU`JVTWL[LZHUK L_WHUKZPU[VNSVIHSTHYRL[Z[OLLUKLH]V\Y ^PSSIL[VJ\S[P]H[LNSVIHSSLHKLYZOPWJHWHIPSP[PLZ ^P[OHNSVIHSTPUKZL[

*H\[PVUHY`:[H[LTLU[ ;OLTHUHNLTLU[VM*YVTW[VU.YLH]LZOHZ WYLWHYLKHUKPZYLZWVUZPISLMVY[OLÃ&#x201E;UHUJPHS Z[H[LTLU[Z[OH[HWWLHYPU[OPZYLWVY[;OLZL HYLPUJVUMVYTP[`^P[OHJJV\U[PUNWYPUJPWSLZ NLULYHSS`HJJLW[LKPU0UKPHHUK[OLYLMVYL TH`PUJS\KLHTV\U[ZIHZLKVUPUMVYTLK Q\KNLTLU[ZHUKLZ[PTH[LZ;OLTHUHNLTLU[ HSZVHJJLW[ZYLZWVUZPIPSP[`MVY[OLWYLWHYH[PVU VMV[OLYÃ&#x201E;UHUJPHSPUMVYTH[PVU[OH[PZPUJS\KLK PU[OPZYLWVY[:[H[LTLU[ZPU[OPZ4HUHNLTLU[ +PZJ\ZZPVUHUK(UHS`ZPZKLZJYPIPUN[OL *VTWHU`»ZVIQLJ[P]LZWYVQLJ[PVUZLZ[PTH[LZ HUKL_WLJ[H[PVUZTH`ILºMVY^HYKSVVRPUN Z[H[LTLU[Z»^P[OPU[OLTLHUPUNVMHWWSPJHISL SH^ZHUKYLN\SH[PVUZ4HUHNLTLU[OHZIHZLK [OLZLMVY^HYKSVVRPUNZ[H[LTLU[ZVUP[ZJ\YYLU[ L_WLJ[H[PVUZHUKWYVQLJ[PVUZHIV\[M\[\YL L]LU[Z:\JOZ[H[LTLU[ZPU]VS]LRUV^UHUK \URUV^UYPZRZZPNUPÃ&#x201E;JHU[JOHUNLZPUWVSP[PJHS HUKLJVUVTPJLU]PYVUTLU[PU0UKPHVYRL` THYRL[ZHIYVHK[H_SH^ZSP[PNH[PVUSHIV\Y YLSH[PVUZL_JOHUNLYH[LÃ&#x2026;\J[\H[PVUZPU[LYLZ[ HUKV[OLYJVZ[ZHUKTH`JH\ZLHJ[\HSYLZ\S[Z[V KPMMLYTH[LYPHSS`

3H\YLU[+LTVY[PLY *,6(5+4(5(.05.+09,*;69 4\TIHP 4H`

M A N A G E M E N T D I S C U S S I O N & A N A LY S I S

49


6WDQGDORQH

E ARN ING S















Consolidated







TEN YEARSโ€™ HIGHLIGHTS

Year Ended 31 March, in Rs. crore

TOTAL INCOME

2180 2200

2771 4412

3695 6039

4290 7247

4940 9090

5585 9469

6356 10430

6901 11668

7624 12609

8026 14078

GROSS SALES AND SERVICE

2153 2172

2739 4346

3660 5934

4223 7181

4904 9031

5516 9376

6277 10331

6850 11615

7571 12533

7913 13907

NET SALES AND SERVICE

1973 1989

2521 4127

3368 5640

3876 6832

4611 8737

5284 9141

5951 10005

6485 11249

7135 12094

7490 13481

EBIDTA*

190 194

265 390

377 588

553 811

674 1054

927 1371

1012 1443

771 856

648 459

780 854

PBT

125 128

195 277

307 436

486 615

614 867

870 1189

927 1229

677 550

596 185

713 495

PAT **@

115 120

163 233

192 282

314 407

397 560

617 860

694 889

505 374

446 (36)

521 244

37 37

37 37

47 47

59 59

73 73

81 81

141 141

90 90

77# 77#

75 75

DIVIDEND PAY-OUT

W H AT T H E C O M PAN Y OWN E D

Year Ended 31 March, in Rs. crore

GROSS BLOCK (INCL. CAPITAL WIP)

819 825

861 1733

959 2335

1078 2733

1124 3083

1204 3099

1651 3890

1424 4558

1560 5539

1662 6429

NET BLOCK (INCL. CAPITAL WIP)

351 354

364 541

433 1087

515 1245

523 1379

567 1376

923 1941

675 2258

775 3066

823 3459

77 83

102 65

135 65

195 93

266 167

688 553

782 675

1053 786

1055 791

826 299

NET CURRENT ASSETS

295 297

331 571

414 708

361 759

570 969

620 1085

1139 1603

1552 1887

1825 1795

1829 1508

NET ASSETS EMPLOYED

723 734

797 1177

982 1860

1071 2097

1359 2515

1875 3014

2458 3875

2802 4463

3173 5176

3500 5295

INVESTMENTS

(%,'7$ (DUQLQJVEHIRUH,QWHUHVW'HSUHFLDWLRQ$PRUWLVDWLRQ7D[DQG([FHSWLRQDO,WHP 3URรฐWDIWHUWD[0LQRULW\,QWHUHVWDQG6KDUHRI$VVRFLDWH &RPSDQLHVIRU&RQVROLGDWHG3URรฐWDQG/RVV$FFRXQW'$IWHUH[FHSWLRQDOH[WUDRUGLQDU\LWHP#,QFOXGHVSURSRVHGGLYLGHQG

50

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4






Year Ended 31 March, in Rs. crore

BORROWINGS

315 315

250 422

270 904

88 842

54 718

27 501

13 470

TOTAL LIABILITIES

912 915

1052 1970

1317 3139

1383 3484

1570 3919

1627 3518

1712 3874

N E T WO RT H O F T H E C O M PAN Y

SHARE CAPITAL















 W H AT T H E C O M PAN Y OWE D

8 1044

14 2029

31 2396

1826 5003

2163 6435

2157 7172

Year Ended 31 March, in Rs. crore

52 52

52 52

73 73

73 73

73 73

128 128

128 128

128 128

128 128

125 125

RESERVES AND SURPLUS

356 367

484 733

601 896

858 1229

1169 1758

1637 2376

2176 3146

2573 3483

2929 3433

3231 3519

SHAREHOLDERSâ&#x20AC;&#x2122; FUNDS

408 419

536 785

674 969

931 1302

1242 1831

1765 2504

2304 3275

2701 3611

3057 3561

3356 3644

TANGIBLE NET WORTH ***

408 419

536 742

674 927

931 1243

1242 1783

1765 2504

2304 3275

2701 3560

3057 3393

3356 3491

R AT I O S

Year Ended 31 March

BOOK VALUE PER SHARE IN RS.

6.4 6.5

8.4 11.6

10.5 14.5

14.5 19.4

19.4 27.8

27.5 39.0

35.9 51.0

42.1 55.5

47.7 52.9

EARNINGS PER SHARE @ IN RS.

1.79 1.87

2.54 3.63

3.00 4.39

4.89 6.34

6.19 8.73

9.62 13.40

10.82 13.85

7.87 5.82

6.95 (0.56) 8.23^^ 3.86^^

CASH EARNINGS PER SHARE @ IN RS.

2.45 2.53

3.40 5.03

4.03 6.48

5.76 8.36

7.08 11.22

10.74 16.62

11.91 17.13

8.96 9.34

8.17 1.30

10.01^^ 8.67^^

CURRENT RATIO

1.49 1.5

1.41 1.37

1.39 1.32

1.28 1.29

1.38 1.3

1.39 1.36

1.70 1.48

1.88 1.46

1.87 1.39

1.88 1.28

DEBT EQUITY RATIO

0.77 0.75

0.47 0.57

0.4 0.98

0.09 0.68

0.04 0.4

0.02 0.2

0.00 0.09

0.00 0.17

0.00 0.44

0.00 0.45

EBIDTA / NET SALES IN %

9.6 9.8

10.5 9.4

11.2 10.4

14.3 11.9

14.6 12.1

17.5 15.0

17.0 14.4

11.9 7.6

9.1 3.8

10.4 6.3

28.2 28.6

30.4 31.4

28.5 30.4

33.7 32.7

32.0 31.4

35.0 34.3

30.1 27.1

18.7 10.5

14.6 (1.1)

15.5 7.0

FIXED ASSETS TURNOVER RATIO IN TIMES

5.6 5.6

6.9 7.6

7.8 5.2

7.5 5.5

8.8 6.3

9.3 6.6

6.5 5.2

9.6 5.0

9.2 3.9

9.1 3.9

NO OF PERMANENT EMPLOYEES

5256 8174

4916 7801

4912 7972

5002 8307

5094 8564

5116 8647

5214 8702

5365 8966

5575 9575

5529 9433

RETURN ON TANGIBLE NET WORTH IN %

53.0^^ 55.1^^

7DQJLEOH1HW:RUWK 6KDUHKROGHUVâ)XQGV'HIHUUHG7D[$VVHW QHW EE&DOFXODWHGRQZHLJKWHGDYHUDJHQXPEHURIVKDUHV

TEN YEARS' HIGHLIGHTS

51


DIRECTORS’ REPORT 1

To The Members, Your Directors are pleased to present their Seventy Seventh Annual Report on the business and operations of the Company (or “CG”) and the accounts for the financial year ended 31 March 2014. The Year In Retrospect

Amalgamation

;OLJVUZVSPKH[LKUL[YL]LU\LVM[OL *VTWHU`K\YPUNNYL^I`  H[9ZJYVYLHZJVTWHYLK^P[O 9Z JYVYLSHZ[`LHY;OL*VTWHU` OHZHJOPL]LKHZ[HUKHSVULUL[[\YUV]LYVM 9Z JYVYLK\YPUN[OL`LHY\UKLYYL]PL^ HZJVTWHYLK^P[O9ZJYVYLK\YPUN[OL WYL]PV\Z`LHYHYPZLVM  *VUZVSPKH[LKWYVÄ[ILMVYL[H_HM[LY L_JLW[PVUHSP[LTPUJYLHZLK[V9Z JYVYL HZJVTWHYLK^P[O9ZJYVYLPU[OLWYL]PV\Z `LHYHUPUJYLHZLVM V]LYSHZ[`LHY :[HUKHSVULWYVÄ[ILMVYL[H_PUJYLHZLKMYVT 9Z JYVYL[V9ZJYVYLHUPUJYLHZLVM    *VUZVSPKH[LKWYVÄ[HM[LY[H_PZ9ZJYVYL HZJVTWHYLK^P[OJVUZVSPKH[LKSVZZHM[LY[H_VM 9ZJYVYLPU[OLWYL]PV\Z`LHYHUPUJYLHZLVM  ;OL*VTWHU`YLJVYKLKHZ[HUKHSVUL WYVÄ[HM[LY[H_VM9ZJYVYLHUPUJYLHZLVM  MYVT9ZJYVYLSHZ[`LHY ;OL:HSLZHUK7YVÄ[)LMVYL0U[LYLZ[HUK ;H_7)0;VM[OLYLZWLJ[P]L)\ZPULZZ.YV\WZ JVTWHYLK^P[OSHZ[`LHYPZNP]LUPU;HISL (KL[HPSLKYL]PL^VM[OLVWLYH[PVUZHUK WLYMVYTHUJLVM[OL*VTWHU`HUKLHJO )\ZPULZZ.YV\WHZ^LSSHZ[OL*VTWHU`»Z 0U[LYUH[PVUHSVWLYH[PVUZPZJVU[HPULKPU[OL 4HUHNLTLU[+PZJ\ZZPVUHUK(UHS`ZPZ9LWVY[ ^OPJOPZNP]LUHZHZLWHYH[LJOHW[LYPU[OL (UU\HS9LWVY[

*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3[K *.A0=HUK*.,ULYN`4HUHNLTLU[3PTP[LK *.,4HYL^OVSS`V^ULKZ\IZPKPHYPLZVM[OL *VTWHU`-VYZPTWSPÄJH[PVUVM[OLZOHYLOVSKPUN Z[Y\J[\YLHUKVWLYH[PVUHSZ`ULYNPLZ[OL )VHYKVM+PYLJ[VYZH[[OLPY4LL[PUNOLSKVU  1HU\HY`HWWYV]LK[OLHTHSNHTH[PVU VM*.A0=HUK*.,4^P[O[OL*VTWHU`;OL (THSNHTH[PVU^V\SKILLMMLJ[P]L\WVUYLJLPW[ VMYLX\PZP[LHWWYV]HSZ

52

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Dividend ;OL*VTWHU`KLJSHYLK[^VPU[LYPTKP]PKLUKZ K\YPUN[OL`LHY! R 9ZWLYLX\P[`ZOHYL  HNNYLNH[PUN[VH[V[HSKP]PKLUKWH`V\[VM 9Z JYVYLPUJS\KPUNKP]PKLUK[H_ KLJSHYLKVU5V]LTILY"[OL9LJVYK +H[LMVY[OPZW\YWVZL^HZ5V]LTILY HUK[OL0U[LYPT+P]PKLUK^HZWHPKVU 5V]LTILY R 9ZWLYLX\P[`ZOHYL HNNYLNH[PUN

[VH[V[HSKP]PKLUKWH`V\[VM9Z JYVYL PUJS\KPUNKP]PKLUK[H_KLJSHYLKVU  1HU\HY`"[OL9LJVYK+H[LMVY[OPZ W\YWVZL^HZ-LIY\HY`HUK[OL0U[LYPT +P]PKLUK^HZWHPKVU-LIY\HY` ;OL)VHYKVM+PYLJ[VYZOHZYLJVTTLUKLK H-PUHS+P]PKLUKVM9ZWLYLX\P[` ZOHYL KLJSHYLKVU 4H`" [OL)VVR*SVZ\YLMVY[OPZW\YWVZLPZ-YPKH`

;OLTLTILYZTH`UV[L [OH[HZWLYTP[[LKI`.LULYHS *PYJ\SHY5VKH[LK (WYPSPZZ\LKI` [OL4PUPZ[Y`VM*VYWVYH[L (MMHPYZ[OL-PUHUJPHS :[H[LTLU[ZHUK9LWVY[Z [OLYL[VOH]LILLUWYLWHYLK PUHJJVYKHUJL^P[O[OL WYV]PZPVUZVM[OLLYZ[^OPSL *VTWHUPLZ(J[ HUK 9\SLZTHKL[OLYL\UKLY




TABLE 01

Sales and Profit Before Interest and Tax (PB IT) In Rs. crore S AL E S

P BIT

POWER SYSTEMS (CG STAND-ALONE)

2,824

2,725

259

231

2013-2014

2012-2013

2013-2014

2012-2013

INDUSTRIAL SYSTEMS (CG STAND-ALONE)

1,489

1,499

153

213

2013-2014

2012-2013

2013-2014

2012-2013

CONSUMER PRODUCTS

2,847

2,593

337

278

2013-2014

2012-2013

2013-2014

2012-2013

POWER SYSTEMS (INCLUDING INTERNATIONAL OPERATIONS)

8,478

7,336

234

(110)

2013-2014

2012-2013

2013-2014

2012-2013

INDUSTRIAL SYSTEMS (INCLUDING INTERNATIONAL OPERATIONS)

1,816

1,835

128

214

2013-2014

2012-2013

2013-2014

2012-2013

;YHUZMVYTLYZMVY[OL6PS HUK.HZZLJ[VY7V^LY ;YHUZMVYTLY7SHU[)LSNP\T

DIRECTORS' REPORT

53


CG was awarded the National Intellectual Property Award, 2014 in the category of â&#x20AC;&#x2DC;Top Organisation in Designsâ&#x20AC;&#x2122;

(\N\Z[[V;\LZKH`(\N\Z[IV[O KH`ZPUJS\ZP]L ;OL[V[HSKP]PKLUKWH`V\[PUJS\KPUNKP]PKLUK [H_MVY[OLÃ&#x201E;UHUJPHS`LHYPUJS\KPUN [OL-PUHS+P]PKLUKYLJVTTLUKLKI`[OL)VHYK HZHWLYJLU[HNLVM[OLZOHYLJHWP[HS^VYRZV\[ [V 

Reserves ;OL9LZLY]LZVUZ[HUKHSVULIHZPZH[[OL ILNPUUPUNVM[OL`LHY^LYL9Z  JYVYL ;OL9LZLY]LZH[[OLLUKVM[OL`LHYHYL 9ZJYVYL

Buy-Back of Equity Shares ([P[Z1\UL)VHYK4LL[PUN[OL*. )VHYKOHKH\[OVYPaLKHI\`IHJRVM[OL *VTWHU`»ZLX\P[`ZOHYLZHNNYLNH[PUN[V\W[V  VM[OL[V[HSWHPK\WLX\P[`JHWP[HSHUKMYLL YLZLY]LZVM[OL*VTWHU`HZVU4HYJO ^OPJO^HZ[OLSH[LZ[H\KP[LK)HSHUJL:OLL[ HWWYV]LKI`[OLZOHYLOVSKLYZH[[OL[PTL ;OL4H_PT\T)\`IHJR:PaL^HZ 9ZJYVYLHUK[OL4PUPT\T)\` IHJR:PaL^HZ9ZJYVYL VM[OL TH_PT\T)\`IHJR:PaL 0U[LYTZVM[OLHIV]LI\`IHJRJVTTLUJLK VU1\S`HUKHZVU1HU\HY` PL[OLKH[LVMJSVZ\YLVMI\`IHJRVMMLY [OL*VTWHU`IV\NO[IHJR  LX\P[`ZOHYLZH[HUHNNYLNH[LHTV\U[VM

9ZJYVYLYLWYLZLU[PUN VM[OL 4H_PT\T)\`IHJR:PaL(SS[OLZOHYLZIV\NO[ IHJROH]LILLUL_[PUN\PZOLK ;OLH]LYHNLWYPJLVM[OLZOHYLZIV\NO[IHJR ^VYRLKV\[[V9Z WLYZOHYL

Directorate (ZWLY[OLWYV]PZPVUZVM[OL*VTWHUPLZ(J[ 4Y:4;YLOHUYL[PYLZI`YV[H[PVUH[ [OLMVY[OJVTPUN(UU\HS.LULYHS4LL[PUN" 4Y:4;YLOHUOHZUV[VMMLYLKOPTZLSMMVYYL HWWVPU[TLU[0[PZWYVWVZLKUV[[VHWWVPU[HU` KPYLJ[VYPUWSHJLVM4Y:4;YLOHU ;OL*VTWHU`OHZMYHTLKHWVSPJ`MVY KL[LYTPUPUNX\HSPÃ&#x201E;JH[PVUWVZP[P]LH[[YPI\[LZ HUKPUKLWLUKLUJLVM+PYLJ[VYZHZWLY:LJ[PVU  VM[OL*VTWHUPLZ(J[HUK [OL*VTWHU`»Z0UKLWLUKLU[+PYLJ[VYZHZ PUKPJH[LKPU[OL*VYWVYH[L.V]LYUHUJL9LWVY[ OH]LHMÃ&#x201E;YTLKJVTWSPHUJL[OLYL[V0U[LYTZ VM[OLWYV]PZPVUZVM*VTWHUPLZ(J[HSS 0UKLWLUKLU[+PYLJ[VYZVM[OL*VTWHU`T\Z[ ILHWWVPU[LKPUHJJVYKHUJL^P[O[OLUL^(J[H[ H.LULYHS4LL[PUNVM[OL*VTWHU`^P[OPUVUL `LHYVM[OLJVTTLUJLTLU[VM[OL(J[ (JJVYKPUNS`4Y:OPYPZO(W[L 4Y:HUQH`3HIYVV+Y4YZ*VSL[[L3L^PULY 4Y:\YLZO7YHIO\4Z4LOLY7\K\TQLL HUK+Y=HSLU[PU]VU4HZZV^0UKLWLUKLU[ +PYLJ[VYZHYLYLJVTTLUKLKMVYJVUÃ&#x201E;YTH[PVU VMHWWVPU[TLU[HZ0UKLWLUKLU[+PYLJ[VYMVY HWLYPVKVMÃ&#x201E;]L`LHYZHZWLY[OLWYV]PZPVUZVM *VTWHUPLZ(J[ ;OLKL[HPSZVM[OL+PYLJ[VYZILPUN YLJVTTLUKLKMVYHWWVPU[TLU[HYLJVU[HPULK PU[OLHJJVTWHU`PUN5V[PJLVM[OLMVY[OJVTPUN (UU\HS.LULYHS4LL[PUN

Promoter Group ;OL*VTWHU`PZHWHY[VM[OL<:+)PSSPVU (]HU[OH.YV\WVULVM0UKPH»ZSLHKPUN I\ZPULZZJVUNSVTLYH[LZSLKI`*OHPYTHU 4Y.H\[HT;OHWHY>P[OHNSVIHSMVV[WYPU[[OL (]HU[OH.YV\WVWLYH[LZPU JV\U[YPLZ^P[O TVYL[OHULTWSV`LLZ^VYSK^PKL (ZYLX\PYLKI`[OL3PZ[PUN(NYLLTLU[^P[O :[VJR,_JOHUNLZ*.WLYPVKPJHSS`KPZJSVZLZP[Z WYVTV[LYNYV\WHUKWLYZVUZHJ[PUNPUJVUJLY[ PU[OLZOHYLOVSKPUNWH[[LYUHUKV[OLYÃ&#x201E;SPUNZ^P[O [OL:[VJR,_JOHUNLZ

Research and Development 4PUPZ[Y`VM,SLJ[YPJP[`46,PU 0YHXH^HYKLKHTHQVYJVU[YHJ[ MVY[OL[\YURL`JVUZ[Y\J[PVUVM MV\Y/=.0:Z\IZ[H[PVUZ

54

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;OL9 +Z[Y\J[\YLHSPNULK[V¸NSVIHSWYVK\J[ SPULZ¹OHZJYLH[LKZL]LYHSPUUV]H[P]LWYVK\J[Z [OPZ`LHY;OPZ`LHYZH^*.JVUZVSPKH[PUNP[Z 9 +LMMVY[ZI`I\PSKPUNH[LJOUVSVN`WVY[MVSPV


HSVUNÃ&#x201E;]LZLSLJ[MVJ\ZHYLHZ¶LULYN`LMÃ&#x201E;JPLUJ` YLUL^HISLLULYN`ZTHY[ PU[LSSPNLU[WYVK\J[Z Z`Z[LTZWYVK\J[YHUNLL_[LUZPVUHUK [LJOUVSVNPLZMVYUL^I\ZPULZZLZ ;OL*VTWHU`ILSPL]LZ[OH[IY\ZOSLZZ [LJOUVSVN`^PSSYLWSHJL[OLJ\YYLU[PUK\J[PVU TV[VY[LJOUVSVN`PUTHU`HWWSPJH[PVUZ+\YPUN -@*.OHZYLWSHJLKPUK\J[PVUTV[VYZ PU[OLMVSSV^PUNHWWSPJH[PVUZ¶ZVSHYWV^LYLK JLPSPUNMHUZK\Z[WYVVMI\ZMHUZYHPS^H`MHUZ Z\P[HISLMVY(*,SLJ[YPJ4\S[PWSL<UP[ZIPSNL W\TWZMVYIH[[SLÃ&#x201E;LSKHWWSPJH[PVUZHUKTV[VYZ MVYOLH[L_JOHUNLYZ 9LK\J[PVUPULULYN`JVUZ\TW[PVUPZKYP]PUN [LJOUVSVN`PUSPNO[PUN0UJVSSHIVYH[PVU^P[O )YPKNLS\_V\Y[LJOUVSVN`WHY[ULYMVY3,+ *.OHZKL]LSVWLKH^OVSLYHUNLVM3,+ IHZLKSPNO[PUNÃ&#x201E;_[\YLZMVYPUKVVYHUKV\[KVVY HWWSPJH[PVUZ ;VHKKYLZZ0UKPH»ZJ\YYLU[ZJLUHYPVVMWV^LY ZOVY[HNL*.OHZKL]LSVWLKKPZ[YPI\[LK ZVSHYWV^LYNLULYH[PVUZVS\[PVUZ^P[OOPNOLZ[ JVU]LYZPVULMÃ&#x201E;JPLUJ`Z\P[HISLMVYKVTLZ[PJ SPNO[PUNHUKW\TWPUNMVYMHYTSHUKZ 9 +OHZ\UKLY[HRLULMMVY[Z[VPUJYLHZL KLZPNUJHWHIPSP[PLZLUHISPUN[OLI\ZPULZZ \UP[Z[VJH[LY[V^PKLYTHYRL[Z9 +OHZ KL]LSVWLKJHWHIPSP[`[VKL]LSVWZ^P[JONLHY[V ^P[OZ[HUKZLPZTPJZOVJRZVM\W[VN4V[VY KLZPNUZOH]LILLULUHISLK^P[OHSNVYP[OTZ[V UV^WYLKPJ[Z[YH`SVZZHUKJVYLSVZZ0UK\Z[YPHS J\Z[VTLYZJHUUV^ILNP]LUWYLJPZLHUK PUZ[HU[KYP]LZVS\[PVUZ[OHURZ[V[OLZVM[^HYL KL]LSVWLKPUHZZVJPH[PVU^P[OHSLHKPUN0UKPHU 0;WHY[ULY *.OHZKL]LSVWLK[LJOUVSVN`JHWHIPSP[PLZ[V KL]LSVWHPYJVYLYLHJ[VYZLSLJ[YVUPJVUSPUL[HW JOHUNLYZTHY[HUHS`[PJHSZ\Y]LPSSHUJLZVS\[PVUZ ZTHY[SPNO[PUNTHUHNLTLU[HUKOPNOLMÃ&#x201E;JPLUJ` 0,TV[VYZ ;OPZ`LHYOHZHSZVZLLU[OLHKKP[PVUVM PTWVY[HU[PUMYHZ[Y\J[\YL^OPJOOHZLUOHUJLK *.»Z9 +JHWHIPSP[`*.OHZKL]LSVWLKZ[H[L VM[OLHY[R=</=;LZ[SHIH[P[Z5HZOPR WYLTPZLZ*.»ZJVTTP[TLU[[VNYLLULY WYVK\J[ZJHUILOPNOSPNO[LKI`P[ZJVTTP[TLU[ [VKL]LSVWJPYJ\P[IYLHRPUNHWWHYH[\ZMYLLVM NYLLUOV\ZLNHZLZ(UL^]HJ\\TYLZLHYJOSHI OHZILLULZ[HISPZOLK[VZ\WWVY[[OLPUP[PH[P]L 0USPUL^P[O[OLYLN\SH[LKUVYTVMSV^UVPZL HWWHYH[\ZHUL^(JV\Z[PJ3HIMVYTLHZ\YPUN UVPZLHUK]PIYH[PVUOHZILLUJVTTPZZPVULKPU 2HUQ\Y.SVIHS9 +*LU[YL *.^HZH^HYKLK[OL5H[PVUHS0U[LSSLJ[\HS 7YVWLY[`(^HYKPU[OLJH[LNVY`VMº;VW 6YNHUPZH[PVUPU+LZPNUZ»;OL(^HYK^HZ

VYNHUPZLKI`[OL0UKPHU0U[LSSLJ[\HS7YVWLY[` 6MÃ&#x201E;JLQVPU[S`^P[O*00*.^HZZLSLJ[LKH^PUULY PUYLJVNUP[PVUVMP[ZV]LYHSSKLZPNUWVY[MVSPV KL]LSVWLK JVTTLYJPHSPZLKV]LYSHZ[Ã&#x201E;]L`LHYZ ]HSPKH[PUN*.»ZZ[YH[LNPJWVZP[PVUVUOPNO[LJO LULYN`LMÃ&#x201E;JPLU[HUKYLSPHISLWYVK\J[Z

Subsidiary Companies ;OL*VTWHU`OHZMV\Y0UKPHUZ\IZPKPHYPLZ*. ,ULYN`4HUHNLTLU[3PTP[LK*.,4*.770 (KOLZP]L7YVK\J[Z3PTP[LK*.770*.A0= 7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK*.A0= HUK*.7V^LY:VS\[PVUZ3PTP[LK*.7:HZVU 4HYJO 0UHKKP[PVU[V[OLHIV]LHZVU 4HYJO[OL*VTWHU`OHKMVYLPNU Z\IZPKPHYPLZHZ\UKLY! ~ *YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z 3PTP[LK ~ *.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;, 3PTP[LK ~ *.0U[LYUH[PVUHS)= ~ 7;*.7V^LY:`Z[LTZ0UKVULZPH ~ *./VSKPUNZ)LSNP\T5= ~ *.7V^LY/VSKPUNZ0YLSHUK3PTP[LK ~ *.7V^LY:`Z[LTZ)LSNP\T5= ~ *.(\[VTH[PVU:`Z[LTZ<23PTP[LK ~ *.7V^LY:`Z[LTZ0YLSHUK3PTP[LK ~ *.:HSLZ5L[^VYRZ-YHUJL:( ~ 4PJYVZVS3PTP[LK ~ *.:LY]PJL:`Z[LTZ-YHUJL:(: ~ *./VSKPUNZ/\UNHY`2M[ ~ *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ ~ *.7V^LY<:(0UJ ~ *.7V^LY:`Z[LTZ*HUHKH0UJ ~ *.7V^LY:VS\[PVUZ<23PTP[LK ~ *.7V^LY:VS\[PVUZ:H\KP(YHIPH3[K ~ *.7V^LY:`Z[LTZ)YHaPS3;+( ~ *.7V^LY*V\U[`33* ~ *.+YP]LZ (\[VTH[PVU.LYTHU`.TI/ ~ ,TV[YVU3H[PU(TLYPJH0UJ ~ *.0UK\Z[YPHS/VSKPUNZ:^LKLU() ~ *.+YP]LZ (\[VTH[PVU:^LKLU() ~ *.+YP]LZ (\[VTH[PVU5L[OLYSHUKZ)=

During FY2014 water consumption by CG divisions has reduced by 13%, whilst the power consumption increased at a rate lesser than the operational growth of the Company

~ A0=0+:THY[,ULYN`5L[^VYRZ ~ A0=(WSPJHJPVULZ`;LJUVSVNPH:3 ~ A0=*VTT\UPJH[PVUZ:( ~ A0=4L[LYPUN:VS\[PVUZ:3 ~ A0=<:(0UJ ~ A0=.YPK(\[VTH[PVU:3 ~ A0=KV)YHZPS3;+( ~ *YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH

:+5)/+ ~ *.4PKKSL,HZ[-A,

7\YZ\HU[[VHNLULYHSL_LTW[PVUNYHU[LKI` [OL4PUPZ[Y`VM*VYWVYH[L(MMHPYZ\UKLY:LJ[PVU

DIRECTORS' REPORT

55


TABLE 02

Financial Highlights Rs. crore for the Year Ended 31 March 2014 and 31 March 2013

C G S T AND- AL O NE P A R T ICULA RS

2014

 

2013



C GIBV C O NS O L IDAT E D* @ 2014



2013

 

C G C O NS OL I D A TE D * * 2014

 

2 01 3

A

.YVZZ:HSLZ

B



3LZZ!,_JPZL+\[`











C

5L[:HSLZ

 





 



 

D

3LZZ!6WLYH[PUN,_WLUZLZ













E

6WLYH[PUN7YVÃ&#x201E;[



 



















F

(KK!+P]PKLUKHUK6[OLY0UJVTL





G

7YVÃ&#x201E;[ILMVYL0U[LYLZ[+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ











H

3LZZ!-PUHUJLJVZ[Z

























I

7YVÃ&#x201E;[ILMVYL+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ

J

3LZZ!+LWYLJPH[PVUHUK(TVY[PZH[PVU

K

7YVÃ&#x201E;[ILMVYLL_JLW[PVUHSP[LTHUK[H_LZ

















 





 



L

3LZZ!,_JLW[PVUHS0[LT













M

7YVÃ&#x201E;[)LMVYL;H_



 





 



N

3LZZ!7YV]PZPVUMVY*\YYLU[@LHY;H_









 



0

3LZZ!7YV]PZPVUMVY+LMLYYLK;H_

P

7YVÃ&#x201E;[(M[LY;H_

Q R S

7YVÃ&#x201E;[H]HPSHISLMVYKPZ[YPI\[PVU











 













4PUVYP[`0U[LYLZ[













:OHYLVM7YVÃ&#x201E;[SVZZVM(ZZVJPH[L*VTWHUPLZUL[

























*VUZVSPKH[LK(JJV\U[ZVM*.0U[LYUH[PVUHS)=*.0)=[OLOVSKPUNJVTWHU`MVY*.»ZPU[LYUH[PVUHSVWLYH[PVUZ0UJS\KLZYLZ\S[ZVM*.:[HUKHSVULHUK0UKPHUZ\IZPKPHYPLZ*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z 3PTP[LK*.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3[K*YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH:+5)/+HUK*.0)=*VUZVSPKH[LK'-PN\YLZOH]LILLUYLNYV\WLKMVY[OLW\YWVZLVMJVUZVSPKH[PVU

VM[OL*VTWHUPLZ(J[ [OL*VTWHU` PZUV[YLX\PYLK[VHUUL_[V[OPZ9LWVY[[OL (UU\HS9LWVY[ZVM[OLHIV]LTLU[PVULK0UKPHU Z\IZPKPHYPLZHUKMVYLPNUZ\IZPKPHYPLZMVY [OL`LHYLUKLK4HYJO/V^L]LYPM HU`4LTILYVM[OL*VTWHU`VY[OLYLZWLJ[P]L Z\IZPKPHYPLZZVKLZPYLZ[OL*VTWHU`^PSSIL OHWW`[VTHRLH]HPSHISL[OL(UU\HS(JJV\U[Z VM[OLZ\IZPKPHYPLZ[V[OLTVUYLX\LZ[;OLZL ^PSSHSZVILH]HPSHISLMVYPUZWLJ[PVUH[[OL 9LNPZ[LYLK6MÃ&#x201E;JLVM[OL*VTWHU`HUKVMP[Z Z\IZPKPHYPLZK\YPUN^VYRPUNOV\YZ\W[V[OL KH[LVM[OL(UU\HS.LULYHS4LL[PUN ;OLKL[HPSZVMLHJOZ\IZPKPHY`^P[OYLZWLJ[ [VJHWP[HSYLZLY]LZ[V[HSHZZL[Z[V[HSSPHIPSP[PLZ KL[HPSZVMPU]LZ[TLU[L_JLW[PUJHZLVM PU]LZ[TLU[PUZ\IZPKPHYPLZ[\YUV]LYWYVÃ&#x201E;[ ILMVYL[H_H[PVUWYV]PZPVUMVY[H_H[PVUWYVÃ&#x201E;[HM[LY [H_H[PVUHUKWYVWVZLKKP]PKLUKHZWYLZJYPILK I`[OL4PUPZ[Y`VM*VYWVYH[L(MMHPYZHYL KL[HPSLKPUº0UMVYTH[PVUPUYLZWLJ[VM:\IZPKPHY` *VTWHUPLZ»ZLJ[PVUVM[OL(UU\HS9LWVY[

56

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Branch Office in Poland ;OL*VTWHU`OHZLZ[HISPZOLKHIYHUJOVMÃ&#x201E;JLPU 7VSHUK;OLZ[HUKHSVULÃ&#x201E;UHUJPHSZ[H[LTLU[ZVM [OL*VTWHU`PUJS\KLZ[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZVM P[Z7VSHUKIYHUJOPL*YVTW[VU.YLH]LZ3[K:(

Consolidation of Accounts (ZYLX\PYLKI`(JJV\U[PUN:[HUKHYKZ(: HUK(:VM[OL0UZ[P[\[LVM*OHY[LYLK (JJV\U[HU[ZVM0UKPH[OLÃ&#x201E;UHUJPHSZ[H[LTLU[Z VM[OL*VTWHU`YLÃ&#x2026;LJ[[OLJVUZVSPKH[PVUVM[OL (JJV\U[ZVM[OL*VTWHU`P[ZZ\IZPKPHYPLZ TLU[PVULKHIV]LHUKÃ&#x201E;]L(ZZVJPH[L *VTWHUPLZ;OL(ZZVJPH[L*VTWHUPLZHYL (]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK*. 3\J`:^P[JONLHY3PTP[LK7H\^LSZ4PKKSL ,HZ[;YHKPUN *VU[YHJ[PUN7][*V33*22 ,S-P1HWHUHUK:H\KP7V^LY;YHUZMVYTLYZ *VTWHU`3[K

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo (ZYLX\PYLKI`[OL*VTWHUPLZ+PZJSVZ\YLVM 7HY[PJ\SHYZPU[OL9LWVY[VM)VHYKVM+PYLJ[VYZ 9\SLZ \UKLY[OL*VTWHUPLZ(J[  [OLYLSL]HU[KH[HWLY[HPUPUN[VJVUZLY]H[PVU VMLULYN`[LJOUVSVN`HIZVYW[PVUHUKMVYLPNU L_JOHUNLLHYUPUNZHUKV\[NVPZNP]LUPU[OL WYLZJYPILKMVYTH[HZ(UUL_\YL[V[OPZ9LWVY[

Particulars of Employees ;OLZ[H[LTLU[VMWHY[PJ\SHYZYLX\PYLKW\YZ\HU[ [V:LJ[PVU(VM[OL*VTWHUPLZ(J[  YLHK^P[O[OL*VTWHUPLZ7HY[PJ\SHYZVM ,TWSV`LLZ(TLUKTLU[9\SLZMVYTZ HWHY[VM[OPZ9LWVY[/V^L]LYHZWLYTP[[LK I`[OL*VTWHUPLZ(J[ [OL9LWVY[HUK (JJV\U[ZHYLILPUNZLU[[VHSS4LTILYZHUK V[OLYLU[P[SLKWLYZVUZL_JS\KPUN[OLHIV]L Z[H[LTLU[;OVZLPU[LYLZ[LKPUVI[HPUPUNHJVW`


TABLE 03

Financial Highlights Euro million for the Year Ended 31 March 2014 and 31 March 2013

C G S T AND- AL O NE P A R T ICULA RS

2014

2013

C GIBV C O NS O L IDAT E D* @ 2014

A

.YVZZ:HSLZ





B

3LZZ!,_JPZL+\[`





C

5L[:HSLZ





D

3LZZ!6WLYH[PUN,_WLUZLZ





E

6WLYH[PUN7YVÃ&#x201E;[















F

(KK!+P]PKLUKHUK6[OLY0UJVTL

G

7YVÃ&#x201E;[ILMVYL0U[LYLZ[+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ

H

3LZZ!-PUHUJLJVZ[Z



2013

C G C O NS OL I D A TE D * * 2014

2 01 3

































































I

7YVÃ&#x201E;[ILMVYL+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ





 





J

3LZZ!+LWYLJPH[PVUHUK(TVY[PZH[PVU













K

7YVÃ&#x201E;[ILMVYLL_JLW[PVUHSP[LTHUK[H_LZ













L

3LZZ!,_JLW[PVUHS0[LT













M

7YVÃ&#x201E;[)LMVYL;H_











N

3LZZ!7YV]PZPVUMVY*\YYLU[@LHY;H_













0

3LZZ!7YV]PZPVUMVY+LMLYYLK;H_

P

7YVÃ&#x201E;[(M[LY;H_

Q R S

7YVÃ&#x201E;[H]HPSHISLMVYKPZ[YPI\[PVU

























4PUVYP[`0U[LYLZ[













:OHYLVM7YVÃ&#x201E;[SVZZVM(ZZVJPH[L*VTWHUPLZUL[

























*VUZVSPKH[LK(JJV\U[ZVM*.0U[LYUH[PVUHS)=*.0)=[OLOVSKPUNJVTWHU`MVY*.»ZPU[LYUH[PVUHSVWLYH[PVUZ0UJS\KLZYLZ\S[ZVM*.:[HUKHSVULHUK0UKPHUZ\IZPKPHYPLZ*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z 3PTP[LK*.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3[K*YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH:+5)/+HUK*.0)=*VUZVSPKH[LK'-PN\YLZOH]LILLUYLNYV\WLKMVY[OLW\YWVZLVMJVUZVSPKH[PVU 5V[L!(]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY,\YVPUPZ9Z HUKPUPZ9Z

VM[OLZHPKZ[H[LTLU[TH`^YP[L[V[OL*VTWHU` :LJYL[HY`H[[OL9LNPZ[LYLK6MÃ&#x201E;JLHUK[OL ZHTL^PSSILZLU[I`WVZ[;OLZ[H[LTLU[PZHSZV H]HPSHISLMVYPUZWLJ[PVUH[[OL9LNPZ[LYLK6MÃ&#x201E;JL K\YPUN^VYRPUNOV\YZ\W[V[OLKH[LVM[OL (UU\HS.LULYHS4LL[PUN

Directorsâ&#x20AC;&#x2122; Responsibility Statement ;OL+PYLJ[VYZ^V\SKSPRL[VHZZ\YL[OL4LTILYZ [OH[[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZMVY[OL`LHY \UKLYYL]PL^JVUMVYTPU[OLPYLU[PYL[`[V[OL YLX\PYLTLU[ZVM[OL*VTWHUPLZ(J[  ;OL+PYLJ[VYZJVUÃ&#x201E;YT[OH[! R [OL(UU\HS(JJV\U[ZOH]LILLUWYLWHYLK

PUJVUMVYTP[`^P[O[OLHWWSPJHISL(JJV\U[PUN :[HUKHYKZ" R [OL(JJV\U[PUN7VSPJPLZZLSLJ[LKHUKHWWSPLK VUHJVUZPZ[LU[IHZPZNP]LH[Y\LHUKMHPY]PL^VM [OLHMMHPYZVM[OL*VTWHU`HUKVM[OLWYVÃ&#x201E;[MVY [OLÃ&#x201E;UHUJPHS`LHY"

R Z\MÃ&#x201E;JPLU[JHYLOHZILLU[HRLU[OH[HKLX\H[L

HJJV\U[PUNYLJVYKZOH]LILLUTHPU[HPULKMVY ZHMLN\HYKPUN[OLHZZL[ZVM[OL*VTWHU`"HUK MVYWYL]LU[PVUHUKKL[LJ[PVUVMMYH\KHUKV[OLY PYYLN\SHYP[PLZ" R [OL(UU\HS(JJV\U[ZOH]LILLUWYLWHYLKVU HNVPUNJVUJLYUIHZPZ

Auditors ;OL*VTWHU`»Z:[H[\[VY`(\KP[VYZ:OHYW ;HUUHUOVSKVMÃ&#x201E;JL\W[V[OLJVUJS\ZPVU VM[OLMVY[OJVTPUN(UU\HS.LULYHS4LL[PUN" HUKILPUNLSPNPISLHYLYLJVTTLUKLKMVY YLHWWVPU[TLU[VU[LYTZ[VILYLJVTTLUKLK I`[OL(\KP[HUK9PZR*VTTP[[LL[V[OL )VHYKVM+PYLJ[VYZ;OL`OH]LM\YUPZOLK[OL YLX\PZP[LJLY[PÃ&#x201E;JH[L[V[OLLMMLJ[[OH[[OLPYYL HWWVPU[TLU[PMLMMLJ[LK^PSSILPUHJJVYKHUJL ^P[O:LJ[PVUNVM[OL*VTWHUPLZ(J[ ;OL5V[LZVU-PUHUJPHS:[H[LTLU[Z YLMLYYLK[VPU[OL(UU\HS9LWVY[HYLZLSM

L_WSHUH[VY`HUKKVUV[JHSSMVYHU`M\Y[OLY JVTTLU[Z ;OL*VTWHU`OHKHWWVPU[LK(ZO^PU :VSHURP (ZZVJPH[LZ*VZ[(JJV\U[HU[Z [VH\KP[[OLJVZ[HJJV\U[ZYLSH[LK[V[OL *VTWHU`»ZWYVK\J[ZMVY;OLK\L KH[LMVYÃ&#x201E;SPUN[OLHIV]LJVZ[H\KP[YLWVY[Z^HZ :LW[LTILY"[OLHJ[\HSKH[LVMÃ&#x201E;SPUN ^HZ:LW[LTILY <WVUYLJVTTLUKH[PVUVM[OL(\KP[HUK9PZR *VTTP[[LL[OL)VHYKOHKHWWVPU[LK(ZO^PU :VSHURP (ZZVJPH[LZHZ*VZ[(\KP[VYZMVY [OLÃ&#x201E;UHUJPHS`LHY([[OLLUZ\PUN (UU\HS.LULYHS4LL[PUN[OLPYHWWVPU[TLU[HUK YLT\ULYH[PVUPZWYVWVZLK[VILHWWYV]LKHUK YH[PÃ&#x201E;LKI`[OLZOHYLOVSKLYZ

Fixed Deposits ;OL*VTWHU`OHZKPZJVU[PU\LKHJJLW[HUJL VMMYLZOKLWVZP[ZHUKHSZVYLUL^HSVML_PZ[PUN KLWVZP[Z+\YPUN-@HUHTV\U[VM 9ZOHZILLU[YHUZMLYYLK[V[OL0U]LZ[VY

DIRECTORS' REPORT

57


TABLE 04

Financial Highlights US$ million for the Year Ended 31 March 2014 and 31 March 2013

C G S T AND- AL O NE P A R T ICULA RS A

.YVZZ:HSLZ

B

3LZZ!,_JPZL+\[`

2014

2013

C GIBV C O NS O L IDAT E D* @ 2014

2013

C G C O NS O L I D A TE D * * 2014

2 01 3



 





















C

5L[:HSLZ













D

3LZZ!6WLYH[PUN,_WLUZLZ













E

6WLYH[PUN7YVÃ&#x201E;[











F

(KK!+P]PKLUKHUK6[OLY0UJVTL

G

7YVÃ&#x201E;[ILMVYL0U[LYLZ[+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ



H

3LZZ!-PUHUJLJVZ[Z

I

7YVÃ&#x201E;[ILMVYL+LWYLJPH[PVU(TVY[PZH[PVUHUK;H_LZ

J

3LZZ!+LWYLJPH[PVUHUK(TVY[PZH[PVU

K

7YVÃ&#x201E;[ILMVYLL_JLW[PVUHSP[LTHUK[H_LZ

L

3LZZ!,_JLW[PVUHS0[LT

M

7YVÃ&#x201E;[)LMVYL;H_

N

3LZZ!7YV]PZPVUMVY*\YYLU[@LHY;H_

0

3LZZ!7YV]PZPVUMVY+LMLYYLK;H_

 











































































 









 

 





































P

7YVÃ&#x201E;[(M[LY;H_

Q

4PUVYP[`0U[LYLZ[













R

:OHYLVM7YVÃ&#x201E;[SVZZVM(ZZVJPH[L*VTWHUPLZUL[













S

7YVÃ&#x201E;[H]HPSHISLMVYKPZ[YPI\[PVU













*VUZVSPKH[LK(JJV\U[ZVM*.0U[LYUH[PVUHS)=*.0)=[OLOVSKPUNJVTWHU`MVY*.»ZPU[LYUH[PVUHSVWLYH[PVUZ0UJS\KLZYLZ\S[ZVM*.:[HUKHSVULHUK0UKPHUZ\IZPKPHYPLZ*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z 3PTP[LK*.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3[K*YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH:+5)/+HUK*.0)=*VUZVSPKH[LK'-PN\YLZOH]LILLUYLNYV\WLKMVY[OLW\YWVZLVMJVUZVSPKH[PVU 5V[L!(]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY<:+PUPZ9ZHUKPUPZ9Z

,K\JH[PVU7YV[LJ[PVU-\UKVUJVTWSL[PVUVM ZL]LU`LHYZ5VHTV\U[VMWYPUJPWHSVYPU[LYLZ[ ^HZV\[Z[HUKPUNHZH[4HYJO -VYHU`X\LYPLZYLNHYKPUN\UJSHPTLKÃ&#x201E;_LK KLWVZP[Z[YHUZMLYYLK[V[OL0U]LZ[VY,K\JH[PVU 7YV[LJ[PVU-\UKPU]LZ[VYZHYLYLX\LZ[LK[V JVU[HJ[ 4Y(UHU[5HPR *VYWVYH[L(JJV\U[Z *YVTW[VU.YLH]LZ3PTP[LK2HUQ\Y4HYN,HZ[ 4\TIHP ;LSLWOVUL  -H_  8\LYPLZTH`HSZVILLTHPSLK[V HUHU[UHPR'JNNSVIHSJVT

Share Registrar and Transfer Agent ;OL*VTWHU`»Z9LNPZ[YHY ;YHUZMLY(NLU[Z MVYZOHYLZPZ+H[HTH[PJZ-PUHUJPHS:LY]PJLZ3[K +-:3+-:3PZH:,)0YLNPZ[LYLK9LNPZ[YHY

58

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;YHUZMLY(NLU[;OLJVU[HJ[KL[HPSZVM+-:3 HYLTLU[PVULKPU[OL9LWVY[VU*VYWVYH[L .V]LYUHUJL 0U]LZ[VYZHYLYLX\LZ[LK[VHKKYLZZ[OLPYX\LYPLZ PMHU`[V+-:3"OV^L]LYPUJHZLVMKPMÃ&#x201E;J\S[PLZ HZHS^H`Z[OL`HYL^LSJVTL[VJVU[HJ[[OL *VTWHU`»Z0U]LZ[VY:LY]PJLZ+LWHY[TLU[[OL JVU[HJ[WHY[PJ\SHYZVM^OPJOHYLJVU[HPULKPU[OL 9LWVY[VU*VYWVYH[L.V]LYUHUJL

Environment, Health and Safety ,U]PYVUTLU[/LHS[OHUK:HML[`,/:[HYNL[Z HZZPNULK[VLHJOKP]PZPVU[VYLK\JLYLZV\YJL JVUZ\TW[PVUHYLYLN\SHYS`TVUP[VYLK[OYV\NO HU,/:ZJVYLJHYK^OPJOPZYL]PL^LKH[TVU[OS` I\ZPULZZYL]PL^TLL[PUNZ+\YPUN-@ ^H[LYJVUZ\TW[PVUI`*.KP]PZPVUZOHZ YLK\JLKI` ^OPSZ[WV^LYJVUZ\TW[PVU PUJYLHZLKH[HYH[LSLZZLY[OHU[OLVWLYH[PVUHS NYV^[OVM[OL*VTWHU`*.»ZJVU[PU\LK

LMMVY[ZHUKPTWYV]LKH^HYLULZZMVY,/:OHZ OLSWLK*.YLK\JL[OLU\TILYVMHJJPKLU[Z ZPNUPÃ&#x201E;JHU[S` +\YPUN[OL`LHY*.»Z,/:PUP[PH[P]LZOH]L ILLUZ[YLUN[OLULKM\Y[OLYK\L[VMVYTH[PVU VMHJVYLNYV\WMVYL_JOHUNLVMRUV^SLKNL HUKZ[HUKHYKPaPUNVMZ`Z[LTZHUKWYVJLK\YLZ HJYVZZHSS*.SVJH[PVUZ^VYSK^PKL;OPZJVYL NYV\WHSZVHZZLZZLZ[OL<UP[ZVUZHML[`HUK LU]PYVUTLU[WYV[LJ[PVUPTWYV]LTLU[HJ[P]P[PLZ (\KP[Z^LYLJVUK\J[LKI`[OPZJVYLNYV\W [^PJLK\YPUN[OL`LHY0UHKKP[PVUYLN\SHYH\KP[Z HYLJVUK\J[LK[VLUZ\YLJVTWSPHUJL^P[O 0:6 0:6HUK0:6Z[HUKHYKZ I`L_[LYUHSJLY[PM`PUNL_WLY[Z)LZ[,/:WSHU[Z HYLYLJVNUPZLK[OYV\NO,/:H^HYKZ ;YHPUPUNVUZHML[`H^HYLULZZHUKZ\Z[HPUHISL NYV^[O[HRLWSHJLVUHYLN\SHYIHZPZH[HSSWSHU[ SVJH[PVUZ


Green Initiatives

Acknowledgements

,SLJ[YVUPJJVWPLZVM[OL(UU\HS9LWVY[HUK 5V[PJLVM[OL[O(UU\HS.LULYHS4LL[PUNHYL ZLU[[VHSSTLTILYZ^OVZLLTHPSHKKYLZZLZ HYLYLNPZ[LYLK^P[O[OL*VTWHU`+LWVZP[VY` 7HY[PJPWHU[ZMVYJVTT\UPJH[PVUW\YWVZLZ-VY TLTILYZ^OVOH]LUV[YLNPZ[LYLK[OLPYLTHPS HKKYLZZLZWO`ZPJHSJVWPLZVM[OL5V[PJLHUK (UU\HS9LWVY[HYLZLU[PU[OLWLYTP[[LKTVKL 4LTILYZYLX\PYPUNWO`ZPJHSJVWPLZJHUZLUKH YLX\LZ[[V[OL*VTWHU`

;OL+PYLJ[VYZ^PZO[VJVU]L`[OLPYNYH[P[\KL HUKHWWYLJPH[PVU[VHSSVM[OL*VTWHU`»Z LTWSV`LLZH[HSSP[ZSVJH[PVUZ^VYSK^PKLMVY[OLPY [YLTLUKV\ZWLYZVUHSLMMVY[ZHZ^LSSHZ[OLPY JVSSLJ[P]LKLKPJH[PVUHUKJVU[YPI\[PVU[V[OL *VTWHU`»ZWLYMVYTHUJL ;OL+PYLJ[VYZ^V\SKHSZVSPRL[V[OHUR[OL LTWSV`LL\UPVUZZOHYLOVSKLYZJ\Z[VTLYZ KLHSLYZZ\WWSPLYZIHURLYZNV]LYUTLU[HUKHSS V[OLYI\ZPULZZHZZVJPH[LZMVY[OLPYJVU[PU\LK Z\WWVY[L_[LUKLK[V[OL*VTWHU`HUK[OL 4HUHNLTLU[

Complaints Relating to Sexual Harassment 0U[LYTZVM;OL:L_\HS/HYHZZTLU[VM>VTLU H[>VYRWSHJL7YL]LU[PVU7YVOPIP[PVUHUK 9LKYLZZHS(J[HUK9\SLZP[PZTHUKH[VY` [VYL]PL^Z[H[\ZVMZL_\HSOHYHZZTLU[YLSH[LK JVTWSHPU[ZPU[OL(UU\HS9LWVY[;OLYL^LYL UVPUJPKLU[ZVMZL_\HSOHYHZZTLU[YLWVY[LKPU [OL*VTWHU`-VYWYV[LJ[PVUHNHPUZ[ZL_\HS OHYHZZTLU[*.OHZMVYTLKHUPU[LYUHS JVTWSHPU[ZJVTTP[[LL[V^OPJOLTWSV`LLZJHU ^YP[LPU[OLPYJVTWSHPU[Z;OL*VTWHU`OHZH 7YL]LU[PVUVM:L_\HS/HYHZZTLU[7VSPJ`^OPJO OHZMVYTHSPZLKHMYLLHUKMHPYLUX\PY`WYVJLZZMVY KLHSPUN^P[OZ\JOPZZ\LZ^P[OJSLHY[PTLSPULZ

6UILOHSMVM[OL)VHYKVM+PYLJ[VYZ .;OHWHY */(094(5 4\TIHP 4H`

)\PSKPUNOPNOWLYMVYTHUJL WV^LY[YHUZMVYTLYZ\ZLK[V TP[PNH[LLULYN`SVZZLZHUK YLK\JLUVPZLSL]LSZ

DIRECTORS' REPORT

59


ANNEXURE TO DIRECTORSâ&#x20AC;&#x2122; REPORT Information Under Section 217(1)(e) of the Companies Act, 1956

A. Conservation Of Energy

R 9LJVUKP[PVUPUNVMJHSJPUH[PVUM\YUHJL[V

(a) Energy conservation measures taken

YLK\JLOLH[SVZZLZMYVT+LN*[V+LN* R 0TWSLTLU[H[PVUVM:*(+(:`Z[LTMVY JVTWSL[LH\[VTH[PVUTVUP[VYPUNHUKJVU[YVS VMLSLJ[YPJP[`Z\IZ[H[PVUPUMHJ[VYPLZ R <ZLVMZVSHYZ`Z[LTPUZ[LHKVMKPLZLS NLULYH[VYIH[[LY`ZL[Z R 0UZ[HSSH[PVUVMSPNO[PUNLULYN`ZH]LYZHUK YLMYPNLYH[PVUZ`Z[LTLULYN`ZH]LYZ

;OLHJJLSLYH[LKTVTLU[\TVULULYN` JVUZLY]H[PVUPUP[PH[P]LZJVU[PU\LK[OPZ`LHYH[ THU\MHJ[\YPUNWSHU[Z^VYSK^PKL^P[OM\Y[OLY LMMVY[Z[V^HYKZZ\IZ[P[\[PVUVM[YHKP[PVUHS ZV\YJLZVMLULYN`^P[OYLUL^HISLLULYN` TLHZ\YLZMVYOLH[JVU[YVSHUKHKKP[PVUHS LX\PWTLU[MVYZH]PUNVMLSLJ[YPJP[` ;OLPSS\Z[YH[P]LTLHZ\YLZ[HRLU[V^HYKZ LULYN`JVUZLY]H[PVUH[<UP[ZHYL! R 0UZ[HSSH[PVUVMSPNO[PUNLULYN`ZH]LYMVYZ[YLL[ SPNO[PUNPUMHJ[VYPLZ R 0UZ[HSSH[PVUVM3,+[PSLZPUZ[LHKVM*-3ZVY; [\ILSPNO[Z R 0UZ[HSSH[PVUVMMVYJLJVVSPUNZ`Z[LTMVY H\[VJSH]LZ R *VU[YVSSPUN[OLÃ&#x201E;YPUNHUNSLVM:PSPJVU*HYIPKL OLH[LYZ R 9LWSHJLTLU[VMV]LUJVU[YVSWHULSZ^P[O [O`YPZ[VYJVU[YVSSLKWHULSZMVYLULYN`LMÃ&#x201E;JPLUJ`

(c) Impact of the measures at (a) and (b) for reduction of energy consumption and consequent impact on the cost of production ;OYV\NOLMÃ&#x201E;JPLU[LULYN`ZH]PUNZ`Z[LTZHUK WYVJLZZVW[PTPZH[PVU[OLYL^PSSILYLK\J[PVU PULULYN`JVUZ\TW[PVU/V^L]LY[OPZZH]PUN OHZHULNSPNPISLPTWHJ[VU[OLJVZ[VMNVVKZHZ *.»ZTHU\MHJ[\YPUNWYVJLZZLZHYLUV[LULYN` PU[LUZP]L

B. Technology Absorption Research and Development

(b) Additional investments and proposals, if any, being implemented for reduction in consumption of energy ;OLMVSSV^PUNWYVJLZZLZHYL\UKLY PTWSLTLU[H[PVUMVYM\Y[OLYYLK\JPUNLULYN` JVUZ\TW[PVU! R <WNYHKH[PVUVMW\TWPUNZ`Z[LT[V\ZL OPNOLYLMÃ&#x201E;JPLUJ`LULYN`ZH]PUN]HJ\\TW\TW R 9LWSHJLTLU[VM>/74=3HTW^P[O >4/3HTW[VLUHISLWV^LYZH]PUNZ^P[O ZHTLSPNO[V\[W\[

60

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

1. SPECIFIC AREAS OF SIGNIFICANCE IN WHICH R&D IS CARRIED OUT BY THE COMPANY *.»Z9 +LMMVY[ZJVU[PU\L[VMVJ\ZVU LUOHUJPUNLULYN`LMÃ&#x201E;JPLUJ`VMP[ZWYVK\J[Z KL]LSVWPUN[LJOUVSVNPLZ[OH[VMMLYZTHY[ PU[LSSPNLU[WYVK\J[ZLUOHUJPUNYHUNLVM WYVK\J[Z[VTLL[UL^LYTHYRL[HUKYLN\SH[VY` KYP]LYZHUKSHZ[S`[VKL]LSVWWYVK\J[ZHUK [LJOUVSVNPLZIHZLKVUYLUL^HISLLULYNPLZ


;OLA\PKSVI:\IZ[H[PVU PU[LYJVUULJ[Z[OL4=( VUZOVYL^PUKMHYT[V[OL +\[JO;LUUL;UL[^VYR

2. BENEFITS DERIVED AS A RESULT OF THE ABOVE R&D

5L^7YVK\J[*VTTLYJPHSPZLK 7V^LY:`Z[LTZ R ¸*P[`¹;YHUZMVYTLY^P[OH\UPX\L

JVTIPUH[PVUVMSV^SVZZSV^UVPZLHUK\ZHNLVM TVKLYUIPVKLNYHKHISLÃ&#x201E;YLYLZPZ[HU[TH[LYPHSZ R :THY[+;MVY:THY[.YPK!-PYZ[R=(R= =KPZ[YPI\[PVU[YHUZMVYTLY^P[OHUVUSVHK [HWJOHUNLY63;*PUZ[HSSLKPU-SLTPZONYPK R 5L\[YHSWVPU[YLHJ[VYZ!;^VPUZ[HSSH[PVUZ PU46,0YHXHUK3HUJV^LYLPUZ[HSSLK^P[O PUUV]H[P]LUL\[YHSWVPU[YLHJ[VYZ;OLR= YLHJ[VYOHZ[OLOPNOLZ[YH[LK]VS[HNLZ\WWSPLK I`*. R 4=([YHUZMVYTLYMVY6PSHUK.HZZLJ[VY ^P[OZ[YPUNLU[(;,?,_WSVZPVUWYVVM JLY[PÃ&#x201E;JH[PVU R R=R(/a((YJ (ZZPZ[3P]L;HUR:-*PYJ\P[)YLHRLY^P[OSV^ VWLYH[PUNLULYN`TLJOHUPZT R R=L_[YHOPNO]VS[HNLPUZ[Y\TLU[ [YHUZMVYTLYZMVYL_[YLTLS`JVSK[LTWLYH[\YLZ KLN* R R=[VR=0UZ[Y\TLU[[YHUZMVYTLYZ

^P[O*VTWVZP[L7VS`TLYPJ0UZ\SH[VYZ R 0UZ[Y\TLU[[YHUZMVYTLYZMVYÂ&#x2021;*HUK

Â&#x2021;*HWWSPJH[PVU R R=R(HUKR(*VTWHJ[ZLYPLZ

]HJ\\TPU[LYY\W[LYZ R R=R((V\[KVVYWVYJLSHPUJSHK

]HJ\\TJPYJ\P[IYLHRLY7*=*) R R=R((0UKVVYÃ&#x2026;VVYYVSSPUN

]HJ\\TJPYJ\P[IYLHRLYWHULS

R R=)HUNPUN[`WLKPZJVUULJ[VY^OPJO

^P[OZ[HUKZZOVY[[PTLJ\YYLU[VMR(

0UK\Z[YPHS:`Z[LTZ R /7[YHJ[PVUJVU]LY[LYPUJVSSHIVYH[PVU ^P[O;YHPU,SLJ:WHPU R R=(Z[H[PJJVU]LY[LY R 0,TV[VYZYHUNLL_[LUKLK[VR> R 0,TV[VYZ\W[VR> R (S\TPU\TL_[Y\KLKZ[H[VYJHZLTV[VYZ KL]LSVWLKMVY]LNL[HISLJVVSLYHWWSPJH[PVU R 7VPU[TV[VYKL]LSVWLKMVY\ZLVUWVPU[ THJOPULHWWSPJH[PVUMVY9HPS^H`Z R 073=(*KYP]LZYHUNLMYVTR>[V R> R 073=(*KYP]LZYHUNLMYVTR>[V R> R 073=ZVM[Z[HY[LYYHUNLMYVT([V( R 7*ZVM[^HYLMVYJVTTPZZPVUHUKTVUP[VYPUN KYP]LZ,TV:VM[*VT R 7*OHYTVUPJZJHSJ\SH[PVU[VVSMVYWYLKPJ[PVU VM[V[HSOHYTVUPJKPZ[VY[PVUVMJ\YYLU[PUHWSHU[ \ZPUN*.3=(*KYP]LZ R 5L^Ã&#x2026;HTLWYVVMTV[VYKL]LSVWTLU[MVY =HWV\Y9LJV]LY`:`Z[LT R 9HUNLL_[LUZPVUPU/=(*HWWSPJH[PVU TV[VYZ¶9H[PUNZPU)-YHTL R >)3+*TV[VYMVYOLH[L_JOHUNLY R >WOHZLTV[VY R >TV[VYMVYRP[JOLUL_OH\Z[ R º*SHZZPR»ZLYPLZVMTV[VY^P[O[OLJHWHIPSP[`VM Z\Z[HPUPUNOHYZO^LH[OLYJVUKP[PVUZK\L[VP[Z VW[PTPaLKJHZ[PYVUMYHTL R ¸:LUZVYIHZLK)3+*TV[VY¹MVYSV^]VS[HNL +*W\TWHWWSPJH[PVUZ

CG has developed a state of the art 1600kV UHV test lab at itâ&#x20AC;&#x2122;s Nashik premises

DIRECTORS' REPORT

61


4HYRL[SLHKLYPU-HUZ LUQV`PUNHTHYRL[ ZOHYLVM

R ¸L3P[L¹ZLYPLZTV[VYZTHU\MHJ[\YLK[OYV\NO

HUHS\TPU\TWYLZZ\YLKPLJHZ[WYVJLZZ

R /PNO>H[[3,+SPNO[PUNZVS\[PVUZMVYL_[LYUHS

SPNO[PUN R 3HUKZJHWLSPNO[PUNWVSLZ

*VUZ\TLY7YVK\J[Z -HUZ R 9HKPHU[!HUHLYVK`UHTPJHSS`KLZPNULKJLPSPUN MHU R =HSLUJPH!HULSLJ[YVWSH[LK\UKLYSPNO[JLPSPUN MHU R ;YP[VU!(M\SS`LSLJ[YVWSH[LKJLPSPUNMHU^P[O IHSHUJLKISHKLZ R :LHN\SS!(JLPSPUNMHUPUZWPYLKI`UH[\YL R 2PKZ-HU!ISHKLZJLPSPUNMHUMVYRPKZ R :[\II`!HZTHSSJLPSPUNMHU(]HPSHISLPU TTHUKTTZ^LLWZ R 6ILYVU!(ULSLJ[YVWSH[LK\UKLYSPNO[JLPSPUN MHU R ]VS[Z+*JLPSPUNMHU 3PNO[PUNWYVK\J[Z *.OHZLU[LYLKPU[VHJVSSHIVYH[PVU^P[O )YPKNLS\_H:VSPK:[H[L3PNO[PUN::3WPVULLY MVYKL]LSVWPUN[OL*VTWHU`»Z3,+SPNO[PUN ZVS\[PVUZ;OLHNYLLTLU[LUHISLZ*.[VKLSP]LY OPNOWLYMVYTHUJLSVUNSPMLHUKJVZ[LMMLJ[P]L ::3WYVK\J[Z[VI\ZPULZZNV]LYUTLU[HUK THZZTHYRL[JVUZ\TLYZYLWSHJPUN[YHKP[PVUHS HUKPULMÃ&#x201E;JPLU[[LJOUVSVNPLZ5L^Z[YLL[SPNO[PUN ZVS\[PVUZHUK/PNO)H`S\TPUHPYLZOH]LILLU KL]LSVWLKPU[OPZ`LHY 6[OLY3,+ZVS\[PVUZKL]LSVWLK[OPZ`LHY! R ;PSLSPNO[ZMVYOVTLSPNO[PUN 62

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

R +V^USPNO[LYZMVYYL[HPSZOVWZ

7\TWZKL]LSVWLK R 6WLU^LSS,JVZLYPLZ R 6WLU^LSSOW[VOW R ::ZL^HNLZ\ITLYZPISLW\TW R *.OVYPaVU[HST\S[PZ[HNLIVVZ[LYW\TW R ,SLJ[YVUPJ.:4JVU[YVSWHULS R /VYPaVU[HST\S[PZ[HNLW\TW R 4050:[YVUN¹Z[HPUSLZZZ[LLSW\TW R :[HPUSLZZZ[LLST\S[PZ[HNLW\TW (WWSPHUJLZ R -\SS`H\[VTH[PJTP_LYNYPUKLY^P[OWYLZL[ TLU\ R =+*¶R>ZVSHYJOHYNLY

5L^7YVJLZZLZ0TWSLTLU[LK 7YVJLZZLZ0TWYV]LK R 4LYNLYVMKPMMLYLU[KLZPNUZVM[^HYLZ

HUKLU]PYVUTLU[ZYLZ\S[PUNPUPUJYLHZLK Z[HUKHYKPZH[PVUHUKH\[VTH[LKKLZPNUPUN R *VSKWSH[L[LJOUVSVN`MVYJVVSPUNVMWV^LY TVK\SLZ R *H[OVKPJLSLJ[YVKLWVZP[PVU[LJOUVSVN`MVY L_[LYUHSÃ&#x201E;UPZO R 9V[VYIHSHUJPUNH[YH[LKZWLLK[VHJOPL]L ]PIYH[PVUSL]LSZ[V0,*Z[HUKHYKZ


R 0,0,Z[H[VYJHZ[PUNHUKZOHM[THJOPUPUN

WYVJLZZPTWYV]LTLU[Z[VHJOPL]LZ[YPUNLU[ UVYTZ R 5L^WHPU[Z`Z[LT*4KL]LSVWLKMVY JVHZ[HSHWWSPJH[PVUYLX\PYLTLU[Z R 7HPU[PUNWYVJLZZPTWYV]LTLU[^P[O [OVYV\NOZ\YMHJLWYLWHYH[PVUMVSSV^LKI` WYPTLYHWWSPJH[PVU^P[O^L[PU^L[[VWJVH[ HWWSPJH[PVU R ,U]PYVUTLU[MYPLUKS`MVHTYLJ`JSHISL WHJRPUN R )VUKHISL^PYLPTWSLTLU[H[PVUMVY4 MYHTLTV[VYZ

;LJOUVSVN`*VTWL[LUJ`(JOPL]LK 0TWYV]LKRUV^OV^VMJVTWSL_L_[LYUHS JVVSPUNZ`Z[LTZVMWV^LY[YHUZMVYTLYZ HUKJVU[YVSSPUNSVZZLZPUZ\YYV\UKPUNTL[HS Z[Y\J[\YL R ;LZ[ZL[\WKLZPNUHUKPUZ[HSSH[PVUMVY /7*VU]LY[LY R /HYTVUPJJVU[YVSPUWV^LYZ\WWSPLZ\ZLKMVY 9HPS^H`:PNUHSPUN R 0,0,TV[VYZZSV[NLVTL[Y`KLZPNUZ R 3V^UVPZLMHUHUKMHUJV]LYKLZPNUZ R 5V]LSJ\YYLU[SPTP[H[PVUHSNVYP[OTMVY TH_PTPaPUN[OL0.);\[PSPaH[PVUPU3=(*KYP]LZ R 7LYTHULU[THNUL[Z`UJOYVUV\ZTV[VY Z\WWVY[PU=-? R 7YVNYLZZP]LJH]P[`W\TWJVU[YVSMLH[\YL6PS .HZMVY=-? R )3+*TV[VY[LJOUVSVN`MVYSV^ZWLLK HWWSPJH[PVU R *.UL^PUZ\SH[PVUZ`Z[LTMVYTV[VYZ

4. EXPENDITURE ON R&D ;OL*VTWHU`»ZL_WLUKP[\YLVU9 +PZNP]LUPU ;HISL

TABLE 05

Expenditure On R&D Rs. crore for the Year Ended 31 March 2014

;LJOUVSVN`(IZVYW[PVU(KHW[H[PVU HUK0UUV]H[PVU ,--69;:(5+),5,-0;: ,MMVY[ZI`[OL*VTWHU`»ZPUOV\ZL9LZLHYJO HUK+L]LSVWTLU[[LHTHUKUL[^VYRPUN^P[O [OL]HYPV\ZJVSSHIVYH[VYZOH]LYLZ\S[LKPU PTWYV]LKKLZPNUKL]LSVWTLU[HUKWYVK\J[PVU VM[OL*VTWHU`»ZPUKPNLUV\ZWYVK\J[ZHUK WYVJLZZLZHUKYLSH[LKJVZ[LMMLJ[P]LULZZ ;OPZOHZSLK[VPUJYLHZLKJVTWL[P[P]LULZZ HUKHJJLW[HIPSP[`PUTHYRL[ZIV[OPU0UKPHHUK HIYVHK 04769;,+;,*/5636.@ 5PS

C. Foreign Exchange Earnings and Outgo (a) Activities relating to exports; initiatives taken to increase exports; development of new export markets for products and services; and export plans

STAND-ALONE

*HWP[HS



9L]LU\L



;V[HS()



;V[HS9 +L_WLUKP[\YL! HZHWLYJLU[HNLVMUL[[\YUV]LY HZHWLYJLU[HNLVMWYVÃ&#x201E;[ILMVYL[H_





TABLE 06

Foreign Exchange Earned and Used Rs. crore TOTAL

;V[HS-VYLPNU,_JOHUNL,HYULK ;V[HS-VYLPNU,_JOHUNL<ZLK

  

;OL*VTWHU`»ZHJ[P]P[PLZHUKPUP[PH[P]LZYLSH[PUN [VL_WVY[ZHYLJVU[HPULKPU[OL4HUHNLTLU[ +PZJ\ZZPVUHUK(UHS`ZPZ9LWVY[

(b) Total foreign exchange earned and used ;OL[V[HSMVYLPNUL_JOHUNLLHYULKHUK\ZLKI` [OL*VTWHU`PZNP]LUPU;HISL

0U[LSSLJ[\HS7YVWLY[` +\YPUN-@[^VWH[LU[ZOH]LILLU NYHU[LK*.UV^OHZHJ[P]LWH[LU[ZPUP[Z WVY[MVSPV+\YPUN-@*.OHZHKKP[PVUHSS` Ã&#x201E;SLKWH[LU[HWWSPJH[PVUZ^OPJOHYLWLUKPUN ^P[O[OL7H[LU[9LNPZ[YHY +\YPUN-@ KLZPNUZOH]LILLU YLNPZ[LYLK*.UV^OHZ KLZPNUZ YLNPZ[LYLKPUP[ZWVY[MVSPV+\YPUN-@*. OHZÃ&#x201E;SLKKLZPNUHWWSPJH[PVUZ

6UILOHSMVM[OL)VHYKVM+PYLJ[VYZ .;OHWHY */(094(5 4\TIHP 4H`

3. THE COMPANYâ&#x20AC;&#x2122;S FUTURE PLAN OF ACTION IN RESPECT OF R&D ;OL*VTWHU`»ZM\[\YL9 +LMMVY[Z^PSS JVTWYPZLJVUZVSPKH[PUNP[ZLMMVY[Z[V^HYKZ KL]LSVWTLU[VMPUUV]H[P]LWYVK\J[ZH[SV^LY JVZ[^P[OOPNOLYLULYN`HUKV]LYHSSLMÃ&#x201E;JPLUJPLZ 9 +^PSSJVU[PU\L[VMVJ\ZVUKL]LSVWTLU[Z PULULYN`LMÃ&#x201E;JPLUJ`ZTHY[HUKPU[LSSPNLU[ WYVK\J[ZYLUL^HISLLULYN`HUKWYVK\J[YHUNL L_[LUZPVUZ

DIRECTORS' REPORT

63


CORPORATE GOVERNANCE

The Company’s (CG’s) Philosophy on Corporate Governance As a fiduciary of CG stakeholders’ interests, by establishing appropriate corporate governance mechanism for the Company, the Board alongwith its Committees, endeavours to strike the right balance of interest amongst various stakeholders of the Company. MMLYPUNZ\WLYPVYHUKLULYN`LMÄJPLU[ WYVK\J[ZZVS\[PVUZHUKZLY]PJLZ[OH[ OLSWJ\Z[VTLYZYLK\JLLULYN`JVZ[Z HUKWYLZLY]L[OLLU]PYVUTLU[PZHYLÅLJ[PVUVM *.»ZJVU[PU\LKJVTTP[TLU[[V^HYKZJYLH[PUN IV[OZVJPHSHUKLJVUVTPJ]HS\L6]LY[OLSHZ[ [^V`LHYZ*.OHZ[YHUZMVYTLKP[ZJ\Z[VTLY KLSP]LY`TVKLS[VILJSVZLY[VJ\Z[VTLYULLKZ ZLY]PUNP[ZWYVK\J[ZHUKZVS\[PVUZ[OYV\NOP[Z 9LNPVUHSJOHUULSZ^P[OH[\YURL`ZVS\[PVU VYPLU[LKTPUKZL[*.OHZYLJLU[S`PU[YVK\JLK HRL`HJJV\U[THUHNLTLU[HWWYVHJO^OPJO ^PSSM\Y[OLYZ[YLUN[OLU*.»ZPU[LYHJ[PVUZHUK YLSH[PVUZOPWZ^P[OP[ZJ\Z[VTLYZ 9LUL^HISLLULYN`IHZLKYLSPHISLZHMLHUK LULYN`LMÄJPLU[WYVK\J[ZHYL[OLLWPJLU[LYVM *.»Z9 +LMMVY[Z7YVK\J[[LHTZHJYVZZ[OL ^VYSKHYL[HRPUN[OLJOHSSLUNL[VKLSP]LY[OLZL [LJOUVSVNPLZPUHJVZ[LMMLJ[P]LTHUULY[V*.»Z J\Z[VTLYJVTT\UP[`HUK[OLZVJPL[`H[SHYNL ;OL*VTWHU`MVSSV^ZHIHSHUJLKZJVYLJHYK HWWYVHJO^OLYLI\ZPULZZLUHISLYZZ\JOHZ ,/:Z`Z[LTZHYLHZYLSL]HU[HZ^LHS[OJYLH[PVU WYVJLZZLZ*.»Z,/:THUHNLTLU[Z`Z[LTZ HYLTH[\YPUN,/:[HYNL[ZHZZPNULK[VLHJO KP]PZPVU[VYLK\JLYLZV\YJLJVUZ\TW[PVUHYL YLN\SHYS`TVUP[VYLK[OYV\NOHU,/:ZJVYLJHYK ^OPJOPZYL]PL^LKH[TVU[OS`I\ZPULZZYL]PL^ TLL[PUNZ 6]LYHSS[OL*VTWHU`\UKLYZ[HUKZ[OLYPNO[Z HUKULLKZVMP[ZZ[HRLOVSKLYZHUKWYV]PKLZ YLN\SHYHUKKL[HPSLKPUMVYTH[PVUJVUJLYUPUN[OL

O

64

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

*VTWHU`»ZI\ZPULZZHUKÄUHUJPHSWLYMVYTHUJL [VP[ZZ[HRLOVSKLYZ;OL*VTWHU`PU[LYHJ[Z ^P[OP[ZZ[HRLOVSKLYZVUHYLN\SHYIHZPZILP[ [OYV\NOHUHS`Z[JHSSZHUKTLL[ZMVYPU]LZ[VYZ J\Z[VTLY]PZP[ZJVUMLYLUJLZL_OPIP[PVUZVY YLN\SHYLTWSV`LLPU[LYHJ[PVUZH[<UP[Z;OYV\NO [OPZP[PKLU[PÄLZ[OLULLKZHUKJVUJLYUZVMP[Z Z[HRLOVSKLYZ0UMVYTH[PVUKPZZLTPUH[PVU[V [OL*VTWHU`»ZZ[HRLOVSKLYZNVLZIL`VUK [OLZ[YPJ[YLX\PYLTLU[ZVM[OLSH^HUKZ[YPRLZ HIHSHUJLIL[^LLU[OLPUMVYTH[PVUULLKVM Z[HRLOVSKLYZHUKI\ZPULZZJVUÄKLU[PHSP[` L_WLJ[H[PVUZ ;OL.SVIHS(\[OVYP[`9LZWVUZPIPSP[` 4H[YP_*..SVIHS9\SLZVM7YVJLK\YLMVY 4HUHNLTLU[LU[YLUJOLKPU[VVWLYH[PVUZVM [OL*VTWHU`^VYSK^PKLJVU[PU\LZ[VHJ[HZ HJVU[YVSMVYHJSLHYSPULVMYLZWVUZPIPSP[`HUK KLJPZPVUTHRPUN^P[OPU[OL*VTWHU`;OL YVI\Z[PTWSLTLU[H[PVUVM[OLZHTLOHZLUHISLK *.THPU[HPUÅL_PIPSP[`VMVWLYH[PVUZ^OPSZ[ WYVTV[PUNTHUHNLTLU[[YHUZWHYLUJ` *.»Z*VKLVM)\ZPULZZ7YHJ[PJLZJVU[PU\LZ [VIL[OLILUJOTHYRMVYI\ZPULZZZ[HUKHYKZ [OH[NV]LYUHSSLTWSV`LLZVM*.IV[OPU[LYUHSS` HUKL_[LYUHSS`HJYVZZ[OL^VYSK"WYV]PKPUN WYPUJPWSLZPU]HYPV\ZI\ZPULZZZP[\H[PVUZ[V N\PKLKLJPZPVUTHRPUNHUKHJ[PVUZ^P[O PU[LNYP[`HUKKPZJPWSPUL


The Board reviews compliance processes every quarter, internal control systems and material occurrences in areas of EHS

7YLJPZPVUTH[[LYZH[[OL Z[H[LVM[OLHY[:^P[JONLHY MHJPSP[`H[5HZOPR0UKPH

C O R P O R AT E G O V E R N A N C E

65


TABLE 01

Composition of the Board As on 29 May 2014 NAME

PARTICULARS

OTHER BOARD REPRESENTATIONS

DIRE C T O RS HIP S ( a )

4Y.H\[HT;OHWHY

5VU,_LJ\[P]L"*OHPYTHU"7YVTV[LY

4Y:\KOPY;YLOHU

C O MMIT T E E ME MBE RS HIP S (b )

C O M M I TTE E C HAIRMAN S H I PS ( b)







5VU,_LJ\[P]L"=PJL*OHPYTHU







4Y3H\YLU[+LTVY[PLY

,_LJ\[P]L"*,6HUK4HUHNPUN+PYLJ[VY







4Y:OPYPZO(W[L

5VU,_LJ\[P]L"0UKLWLUKLU[







+Y6TRHY.VZ^HTP

5VU,_LJ\[P]L







4Y)/HYPOHYHU

5VU,_LJ\[P]L







4Y:HUQH`3HIYVV

5VU,_LJ\[P]L"0UKLWLUKLU[







+Y4YZ*VSL[[L3L^PULY

5VU,_LJ\[P]L"0UKLWLUKLU[







4Y:\YLZO7YHIO\

5VU,_LJ\[P]L"0UKLWLUKLU[







4Z4LOLY7\K\TQLL

5VU,_LJ\[P]L"0UKLWLUKLU[







+Y=HSLU[PU]VU4HZZV^

5VU,_LJ\[P]L"0UKLWLUKLU[







5V[LZ!H0UJS\KLZVUS`0UKPHUJVTWHUPLZI\[L_JS\KLZHS[LYUH[LKPYLJ[VYZOPWZ I6MVUS`(\KP[*VTTP[[LLZHUK:OHYLOVSKLYZ.YPL]HUJLZ*VTTP[[LLZVMW\ISPJSPTP[LKJVTWHUPLZ

CG follows balance scorecard approach. EHS systems are as important as wealth creation.

Board of Directors Composition (ZVU[OLKH[LVM[OPZ9LWVY[[OL*VTWHU` OHZHULSL]LUTLTILY)VHYKVM+PYLJ[VYZ ;OL*OHPYTHU4Y.H\[HT;OHWHYPZH5VU ,_LJ\[P]L+PYLJ[VYHUKYLWYLZLU[Z[OL7YVTV[LY .YV\W;OL=PJL*OHPYTHU4Y:4;YLOHUPZH 5VU,_LJ\[P]L+PYLJ[VY4Y3H\YLU[+LTVY[PLY PZ[OL*,6HUK4HUHNPUN+PYLJ[VY :P_V[OLY5VU,_LJ\[P]L+PYLJ[VYZ¶ 4Y:OPYPZO(W[L4Y:HUQH`3HIYVV +Y4YZ*VSL[[L3L^PULY4Y:\YLZO7YHIO\ 4Z4LOLY7\K\TQLLHUK +Y=HSLU[PU]VU4HZZV^HYLPUKLWLUKLU[PU [LYTZVM*SH\ZL VM[OL3PZ[PUN(NYLLTLU[ HUK*VTWHUPLZ(J[;^VV[OLY+PYLJ[VYZ¶ 4Y)/HYPOHYHUHUK+Y6TRHY.VZ^HTPHYL 5VU,_LJ\[P]L+PYLJ[VYZ ;O\ZHZH[ 4H`[OL)VHYKVM *YVTW[VU.YLH]LZJVTWYPZLZVMVUL,_LJ\[P]L +PYLJ[VYHUK[LU5VU,_LJ\[P]L+PYLJ[VYZVM ^OVTZP_HYL0UKLWLUKLU[+PYLJ[VYZ;HISL NP]LZ[OLJVTWVZP[PVUVM[OL)VHYKHUK[OL U\TILYVMV\[ZPKL+PYLJ[VYZOPWZOLSKI`LHJO 5VULVM[OL+PYLJ[VYZHYLYLSH[LK[VLHJOV[OLY

4HYJO;OL*VTWHU`»ZSHZ[(UU\HS .LULYHS4LL[PUN^HZOLSKVU(\N\Z[ ;HISLNP]LZ[OLH[[LUKHUJLYLJVYKVM[OL +PYLJ[VYZ4LL[PUNZVM[OL)VHYKHYLWYL ZJOLK\SLK)VHYKTLL[PUNZHYLJVU]LULK I`NP]PUNHWWYVWYPH[LUV[PJL[V[OLKPYLJ[VYZ ;OV\NO[OLTLL[PUNZHYL\Z\HSS`OLSKH[[OL *VTWHU`»Z9LNPZ[LYLK6MÃ&#x201E;JL)VHYKTLL[PUNZ HYLYLN\SHYS`OLSKH[HWSHU[SVJH[PVU^OPJO NP]LZHUVWWVY[\UP[`[V[OL)VHYK[VPU[LYHJ[ ^P[O*.»Z^VYRMVYJLHUKV[OLYZ[HRLOVSKLYZ ;OL)VHYKJYP[PJHSS`L]HS\H[LZ[OL*VTWHU`»Z Z[YH[LNPJKPYLJ[PVUYPZRZHUKVWWVY[\UP[PLZRL` WYVQLJ[ZPU4 (HUKNYLLUÃ&#x201E;LSK IYV^UÃ&#x201E;LSK ]LU[\YLZPU]LZ[TLU[ZÃ&#x201E;UHUJPHSWLYMVYTHUJL THUHNLTLU[WVSPJPLZHUK[OLPYLMMLJ[P]LULZZ ;OL)VHYKOHZKLKPJH[LKTLL[PUNZMVYYL]PL^ VMHUU\HSZ[YH[LNPJHUKVWLYH[PUNWSHUZJHWP[HS HSSVJH[PVUHUKHUU\HSI\KNL[ZVMI\ZPULZZLZ (KKP[PVUHSS`[OL)VHYKYL]PL^Z[OL JVTWSPHUJLWYVJLZZLZL]LY`X\HY[LYPU[LYUHS JVU[YVSZ`Z[LTZHUKTH[LYPHSVJJ\YYLUJLZPU [OLHYLHZVM,/:Ã&#x201E;UHUJPHSSPHIPSP[PLZYLN\SH[VY` JSHPTZHUKKL]LSVWTLU[ZPUO\THUYLZV\YJLZ

Directorsâ&#x20AC;&#x2122; Compensation Board Meetings ;OLYL^LYLZL]LU)VHYK4LL[PUNZOLSK K\YPUN-@!VU (WYPS 4H`1\UL(\N\Z[ 5V]LTILY 1HU\HY`HUK

66

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

CEO & Managing Directorâ&#x20AC;&#x2122;s Compensation ;OLHUU\HSYLT\ULYH[PVUWHJRHNLVM 4Y3H\YLU[+LTVY[PLY*,6HUK4HUHNPUN +PYLJ[VYJVTWYPZLZHÃ&#x201E;_LKZHSHY`JVTWVULU[


,É&#x2030;JPLU[YLSPHISLHUK\ZLYMYPLUKS` ºJVTWYLZZPUNZVS\[PVUZ»MVY[OL 7YVJLZZ0UK\Z[Y`

HIHZRL[VMHSSV^HUJLZYLPTI\YZLTLU[Z WLYMVYTHUJLSPURLKIVU\ZJVTTPZZPVU OV\ZPUNHUKV[OLYJHZOHZ^LSSHZUVUJHZO WLYX\PZP[LZ\Z\HSS`HWWSPJHISL[VL_WH[YPH[L HWWVPU[TLU[ZH[[OPZSL]LS;OLZOHYLOVSKLYZ H[[OL(UU\HS.LULYHS4LL[PUNOLSKVU  1\S`OH]LLTWV^LYLK[OL5VTPUH[PVU HUK9LT\ULYH[PVU*VTTP[[LLVM[OL)VHYK [VYL]PZL[OLYLT\ULYH[PVUWHJRHNL\W[VH

JLPSPUNVM VM[OL*VTWHU`»ZUL[WYVÃ&#x201E;[ZHZ WLYTP[[LKI`[OL*VTWHUPLZ(J[  (ZLY]PJLJVU[YHJ[L_PZ[Z^P[O4Y3+LTVY[PLY ^OPJOJVU[HPUZOPZ[LYTZHUKJVUKP[PVUZVM ZLY]PJLPUJS\KPUNYLT\ULYH[PVUUV[PJLWLYPVK ZL]LYHUJLJVTWLUZH[PVUL[JHZHWWYV]LKI` [OL5VTPUH[PVUHUK9LT\ULYH[PVU*VTTP[[LL HUK[OL)VHYKVM+PYLJ[VYZMYVT[PTL[V

Deployed a new methodology for review and monitoring of complex and high value contracts in Systems business in EMEA

TABLE 02

Attendance Record of the Directors For the Financial Year 2014 ATTENDANCE

N A ME

BOAR D M EETI NG S

ATTENDANCE

L AS T AGM

4Y.H\[HT;OHWHY



@LZ

4Y:\KOPY;YLOHU



@LZ

4Y3H\YLU[+LTVY[PLY



@LZ

4Y:OPYPZO(W[L



@LZ

+Y6TRHY.VZ^HTP



@LZ

4Y)/HYPOHYHU



@LZ

4Y:HUQH`3HIYVV



5V

+Y4YZ*VSL[[L3L^PULY



5V

4Y:\YLZO7YHIO\



@LZ

4Z4LOLY7\K\TQLL



@LZ

+Y=HSLU[PU]VU4HZZV^



5V

C O R P O R AT E G O V E R N A N C E

67


CG has transformed its customer delivery model to be closer to consumer needs by serving its products and solutions through Regional channels

[PTL^P[OPU[OLV]LYHSSSPTP[ZHWWYV]LKI`[OL ZOHYLOVSKLYZHZTLU[PVULKHIV]L

Non-Executive Directorsâ&#x20AC;&#x2122; Compensation ;OLZOHYLOVSKLYZH[[OLYK(UU\HS.LULYHS 4LL[PUNOLSKVU 1\S`HWWYV]LK WH`TLU[VMJVTTPZZPVU[V[OL*VTWHU`»Z 5VU,_LJ\[P]L+PYLJ[VYZJVSSLJ[P]LS`\W[V  VMUL[WYVÃ&#x201E;[ZHZWLYTP[[LKI`[OL*VTWHUPLZ (J[ ;OL)VHYKOHZMVYT\SH[LK .\PKLSPULZMVYHWWVY[PVUTLU[VMJVTTPZZPVU HTVUNZ[[OL5VU,_LJ\[P]L+PYLJ[VYZ^OPJO WYV]PKLZMVYHTPUPT\TÃ&#x201E;_LKWH`TLU[MVY WHY[PJPWH[PVUH[)VHYK4LL[PUNZHUK*VTTP[[LL 4LL[PUNZHUKHSZVH]HYPHISLJVTWVULU[ MVYJVU[YPI\[PVUZHZ*OHPYTHUVM)VHYK *VTTP[[LLZNYLH[LYPU]VS]LTLU[^P[O[OL *VTWHU`»ZPUP[PH[P]LZHUKZ[YH[LNPJKPYLJ[PVU HUKMVYYVSLZHZUVTPULLKPYLJ[VYZVU[OL)VHYK *VTTP[[LLZVMQVPU[]LU[\YLZZ\IZPKPHYPLZ HUKHZZVJPH[LJVTWHUPLZIHZLKVU[OLPY H[[LUKHUJL)HZLKVU[OLZL.\PKLSPULZ[OL JVTTPZZPVUWH`HISL[V4Y.;OHWHYPZOPNOLY [OHU[OLV[OLY5VU,_LJ\[P]L+PYLJ[VYZ ;OLJVTWLUZH[PVUVMHSS+PYLJ[VYZPZNP]LUPU ;HISL;OL*VTWHU`KVLZUV[OH]LHU`Z[VJR VW[PVUWSHUZVYZJOLTLZ

Directorsâ&#x20AC;&#x2122; Shareholding (ZVU4HYJO4Y)/HYPOHYHU OLSKLX\P[`ZOHYLZVM9ZLHJOHUK +Y]VU4HZZV^OLSK.SVIHS+LWVZP[VY` 9LJLPW[Z"UVULVM[OLV[OLY5VU,_LJ\[P]L +PYLJ[VYZOLSKHU`ZOHYLZPU[OL*VTWHU`

Code of Conduct ;OL*VTWHU`OHZH*VKLVM*VUK\J[MVY +PYLJ[VYZHUK:LUPVY4HUHNLTLU[[OH[YLÃ&#x2026;LJ[Z P[ZOPNOZ[HUKHYKZVMPU[LNYP[`HUKL[OPJZ;OL +PYLJ[VYZHUK:LUPVY4HUHNLTLU[VM[OL *VTWHU`OH]LHMÃ&#x201E;YTLK[OLPYHKOLYLUJL[V[OPZ *VKLVM*VUK\J[HUK[V[OLHIZLUJLVMHU` HJ[\HSVYWV[LU[PHSJVUÃ&#x2026;PJ[^P[O[OLPU[LYLZ[Z VM[OL*VTWHU`^P[OYLMLYLUJL[VTH[LYPHS Ã&#x201E;UHUJPHSHUKJVTTLYJPHS[YHUZHJ[PVUZK\YPUN -@(ZYLX\PYLKI`*SH\ZL VM[OL3PZ[PUN (NYLLTLU[4Y3H\YLU[+LTVY[PLYHZ[OL *VTWHU`»Z*,6HUK4HUHNPUN+PYLJ[VYOHZ ZPNULKHUKJVUÃ&#x201E;YTLKHKOLYLUJL[V[OPZ*VKL VM*VUK\J[^OPJOPZHUUL_LK[V[OPZ9LWVY[

Committees of the Board Audit and Risk Committee (ZVU[OLKH[LVM[OPZ9LWVY[[OL(\KP[HUK9PZR *VTTP[[LLPZJVTWYPZLKVMMV\Y5VU¶,_LJ\[P]L

68

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

+PYLJ[VYZVM^OVT[OYLLHYL0UKLWLUKLU[;OL JVTWVZP[PVUPZHZ\UKLY! R 4Y:OPYPZO(W[L0UKLWLUKLU[+PYLJ[VY R +Y6TRHY.VZ^HTP*OHPYTHU5VU ,_LJ\[P]L+PYLJ[VY R 4Y:HUQH`3HIYVV0UKLWLUKLU[+PYLJ[VY R 4Y:\YLZO7YHIO\0UKLWLUKLU[+PYLJ[VY R 4Y.H\[HT;OHWHY5VU,_LJ\[P]L

+PYLJ[VY 4Y:(W[L^HZHWWVPU[LKHZH4LTILY VM[OL(\KP[HUK9PZR*VTTP[[LL^P[OLMMLJ[ MYVT-LIY\HY`HUK*OHPYTHUVM[OL *VTTP[[LL^P[OLMMLJ[MYVT(WYPS +Y6.VZ^HTP^HZ*OHPYTHUVM[OL *VTTP[[LLHZ^LSSHZ0UKLWLUKLU[+PYLJ[VYVM [OL*VTWHU`\W[V4HYJO 4Y.;OHWHYYLZPNULKHZH4LTILYVM[OL *VTTP[[LL^P[OLMMLJ[MYVT-LIY\HY` ;OL*,6HUK4HUHNPUN+PYLJ[VY*OPLM -PUHUJPHS6MÃ&#x201E;JLY*OPLMVM0U[LYUHS(\KP[HUK YLWYLZLU[H[P]LZVM[OL:[H[\[VY`(\KP[VYZH[[LUK [OLTLL[PUNZVM(\KP[HUK9PZR*VTTP[[LL ;OL*VTWHU`:LJYL[HY`PZ[OL:LJYL[HY`[V[OPZ *VTTP[[LL ;OL*OHPYTHUVM[OL(\KP[HUK9PZR *VTTP[[LLIYPLMZ[OL)VHYKVM+PYLJ[VYZVU[OL KPZJ\ZZPVUZH[[OL(\KP[HUK9PZR*VTTP[[LL 4LL[PUNH[L]LY`)VHYK4LL[PUNHUK[OL 4PU\[LZVMHSS[OLZL*VTTP[[LL4LL[PUNZHYL HSZVJPYJ\SH[LK[V[OL)VHYKVM+PYLJ[VYZMVY HM\SSKPZJSVZ\YLVM[OLKPZJ\ZZPVUZH[[OLZL 4LL[PUNZ ;OL*VTWHU`OHZHUPUKLWLUKLU[PU OV\ZLPU[LYUHSH\KP[M\UJ[PVU^P[OHKLX\H[L WYVMLZZPVUHSYLZV\YJLZHUKZRPSSZHSPNULK^P[O [OL*VTWHU`»ZUH[\YLZPaLHUKJVTWSL_P[`VM I\ZPULZZ;OL/LHKVM0U[LYUHS(\KP[YLWVY[Z KPYLJ[S`[V[OL*,6HUK4HUHNPUN+PYLJ[VYHUK HSZV[V[OL(\KP[HUK9PZR*VTTP[[LL +\YPUN[OL`LHY[OL(\KP[HUK9PZR *VTTP[[LLMVJ\ZLKVUHJHYLM\SS`JOVZLU YL]PL^WSHUHKKYLZZPUNPU[LYUHSJVU[YVS WYVJLZZLZPUI\ZPULZZHYLHZ^OPJOHYL[OL WPSSHYZVM*.Z[YH[LN`VMTHU\MHJ[\YPUNPUJVZ[ LMMLJ[P]LSVJH[PVUZHUKKLSP]LYPUN[OYV\NO HJ\Z[VTLYJLU[YPJ9LNPVUHSTVKLS(UL^ TL[OVKVSVN`MVYYL]PL^HUKTVUP[VYPUNVM OPNOS`JVTWSL_OPNO]HS\LJVU[YHJ[ZPU:`Z[LTZ I\ZPULZZPU,4,(OHZILLUKLWSV`LK LTILKKPUNTHUKH[VY`QVPU[YL]PL^VMSLNHS HUKÃ&#x201E;UHUJL^LLRS`JVU[YHJ[YL]PL^TLL[PUNZ HUKHUHWWYVWYPH[LLZJHSH[PVUTLJOHUPZTMVY HWWYV]HS;OLI\ZPULZZOHZILLULTWV^LYLK ^P[OZ[H[LVM[OLHY[WYVQLJ[THUHNLTLU[ [VVSZ7YVJLZZPTWYV]LTLU[ZMVYVWLYH[PVUHS L_JLSSLUJLHUKX\HSP[`LUOHUJLTLU[H[*.»Z


TABLE 03

Compensation of the Board For the Financial Year 2014 (In Rs.)

N AME

SALARY

PER QUI SI TE S , ALLOWANCE S , R EI M BUR SEM EN T S

4Y.H\[HT;OHWHY 4Y:\KOPY;YLOHU 4Y3H\YLU[+LTVY[PLY





C O MMIS S IO N

RE T IRE ME NT BE NE F IT S

O T HE RS

S IT T ING F E E S

TOTA L





 











4Y:OPYPZO(W[L

   









+Y6TRHY.VZ^HTP

 





4Y)/HYPOHYHU

  





4Y:HUQH`3HIYVV







+Y4YZ*VSL[[L3L^PULY







4Y:\YLZO7YHIO\







4Z4LOLY7\K\TQLL













+Y=HSLU[PU]VU4HZZV^

SHYNLZ[MVV[WYPU[PU,4,(¶[OL/\UNHYPHU  )LSNPHU[YHUZMVYTLYWSHU[Z^LYLYL]PL^LK YLN\SHYS`;PNO[LYPU[LYUHSUVYTZMVYYLJLP]HISL JVSSLJ[PVUWYVJ\YLTLU[HUKPU]LU[VY` THUHNLTLU[^LYLPU[YVK\JLKMVYHZLSM Z\Z[HPUPUNJHZOÃ&#x2026;V^NLULYH[PVUI`I\ZPULZZLZ V\[ZPKL0UKPH +\YPUN-@[OLH\KP[ZI`.SVIHS 0U[LYUHS(\KP[[LHTMVJ\ZLKVUZHSLZYL]LU\L YLJVNUP[PVUYLJLP]HISLZTHUHNLTLU[ TH[LYPHSZHUKVWLYH[PVUHSH\KP[Z"Z`Z[LTZ H\KP[VM,97/9<HUKV[OLYZ`Z[LTZHZ^LSS HZH\KP[VMPU[LYUHSKLJPZPVUTHRPUNWYVJLZZ LTILKKLKPU[OL*..SVIHS9\SLZVM7YVJLK\YL MVY4HUHNLTLU[(\KP[VM[OLYLZWLJ[P]L<UP[Z ^HZWSHUULKJVUZPKLYPUNPUW\[MYVT[OL9PZR *VU[YVS-YHTL^VYRHZ^LSSHZZPNUPÃ&#x201E;JHUJL VM[OLI\ZPULZZZPaLMYVT[OLVWLYH[PVUZ WLYZWLJ[P]L ;OLH\KP[WSHUPZHWWYV]LKI`[OL(\KP[HUK 9PZR*VTTP[[LL^OPJOYLN\SHYS`YL]PL^Z[OL JVTWSPHUJL[V[OLWSHU ;OL.SVIHS0U[LYUHS(\KP[;LHTHSZV TVUP[VYLK[OLLMMLJ[P]LULZZVM[OLPU[LYUHS JVU[YVSZ^P[OHUVIQLJ[P]L[VWYV]PKL[V[OL (\KP[HUK9PZR*VTTP[[LLHUK[OL)VHYK VM+PYLJ[VYZHUPUKLWLUKLU[VIQLJ[P]LHUK YLHZVUHISLHZZ\YHUJLVU[OLHKLX\HJ` HUKLMMLJ[P]LULZZVM[OLVYNHUPZH[PVU»Z YPZRTHUHNLTLU[JVU[YVSHUKNV]LYUHUJL WYVJLZZLZ;OL;LHTHSZVHZZLZZLK VWWVY[\UP[PLZMVYPTWYV]LTLU[PUI\ZPULZZ WYVJLZZLZZ`Z[LTZHUKJVU[YVSZ"WYV]PKLK YLJVTTLUKH[PVUZKLZPNULK[VHKK]HS\L

[V[OLVYNHUPZH[PVUHUKMVSSV^LK\WVU[OL PTWSLTLU[H[PVUVMJVYYLJ[P]LHJ[PVUZHUK PTWYV]LTLU[ZPUI\ZPULZZWYVJLZZLZ ;OL*VTWHU`OHZHJVTWYLOLUZP]L (]HU[OH9PZR4HUHNLTLU[7VSPJ`^OPJO LUHISLZYPZRHZZLZZTLU[HUKZ\NNLZ[Z[OL TP[PNH[PVUWYVJLK\YL[V[OL)VHYK[VLUZ\YL [OH[THUHNLTLU[JVU[YVSZ[OLYPZRZ[OYV\NO HWYVWLYS`KLÃ&#x201E;ULKMYHTL^VYR;OL(\KP[HUK 9PZR*VTTP[[LLYL]PL^Z[OLHKLX\HJ`VM[OL YPZRTHUHNLTLU[MYHTL^VYRVM[OL*VTWHU` [OLRL`YPZRZHZZVJPH[LK^P[O[OLI\ZPULZZLZVM [OL*VTWHU`HUK[OLTLHZ\YLZHUKZ[LWZPU WSHJL[VTP[PNH[L[OLZHTLMYVT[PTL[V[PTL +\YPUN-@MV\Y(\KP[HUK9PZR*VTTP[[LL 4LL[PUNZ^LYLOLSK!VU4H` (\N\Z[5V]LTILYHUK 1HU\HY`;OLH[[LUKHUJLYLJVYKPZ NP]LUPU;HISL

Nomination and Remuneration Committee (ZVU[OLKH[LVM[OPZ9LWVY[[OL5VTPUH[PVU HUK9LT\ULYH[PVU*VTTP[[LLVM[OL*VTWHU` JVTWYPZLKVM[OLMVSSV^PUN[OYLL5VU¶ ,_LJ\[P]L+PYLJ[VYZVM^OPJO[^VPUJS\KPUN[OL *OHPYTHU^LYLPUKLWLUKLU[ R 4Y:HUQH`3HIYVV*OHPYTHU0UKLWLUKLU[

+PYLJ[VY R +Y6TRHY.VZ^HTP5VU,_LJ\[P]L

+PYLJ[VY R 4Y.H\[HT;OHWHY5VU,_LJ\[P]L+PYLJ[VY

C O R P O R AT E G O V E R N A N C E

69


R +Y4YZ*VSL[[L3L^PULY0UKLWLUKLU[

+PYLJ[VY

TABLE 04

Audit and Risk Committee Meetings +Y6.VZ^HTPYLZPNULKHZH4LTILYVM[OL *VTTP[[LL^P[OLMMLJ[MYVT 1HU\HY` +Y4YZ*3L^PULY^HZHWWVPU[LKHZ H4LTILYVM[OL*VTTP[[LL^P[OLMMLJ[ MYVT 1HU\HY`+\YPUN-@[^V 5VTPUH[PVUHUK9LT\ULYH[PVU*VTTP[[LL 4LL[PUNZ^LYLOLSK!VU 1\S`HUK 1HU\HY`;OLH[[LUKHUJLYLJVYKPZNP]LU PU;HISL 0U[LYTZVM[OLYLX\PYLTLU[ZVM[OL *VTWHUPLZ(J[HUK*SH\ZL  VM[OL3PZ[PUN(NYLLTLU[[OLLYZ[^OPSL 9LT\ULYH[PVU*VTTP[[LL^HZYLJOYPZ[LULKHZ ¸5VTPUH[PVUHUK9LT\ULYH[PVU*VTTP[[LL¹ VU 1HU\HY`HUKP[Z[LYTZVMYLMLYLUJL ^HZLUSHYNLK[VJV]LYHWWVPU[TLU[VM+PYLJ[VYZ HUK:LUPVY4HUHNLTLU[LTWSV`LLZPU*VYL 4HUHNLTLU[;LHTVULSL]LSILSV^*,6" YL]PL^PUNKPZJ\ZZPUNHUKWYV]PKPUNN\PKHUJL [V[OLTHUHNLTLU[VU[OL29(ZMVYTLTILYZ VM[OL*VYL4HUHNLTLU[;LHT"YL]PL^PUN[OL V\[JVTLVML]HS\H[PVUWYVJLZZLZHUKYLZ\S[PUN JVTWLUZH[PVU[V*,6 4+HUK:LUPVY 4HUHNLTLU["MVYT\SH[PVUVMHWLYMVYTHUJL L]HS\H[PVUTL[OVKVSVN`MVYL]HS\H[PVUVM [OL)VHYKP[ZJVTTP[[LLZHUKPUKP]PK\HS KPYLJ[VYZHUKL_HTPUPUNHSSTHQVYHZWLJ[ZVM [OL*VTWHU`»Z/97YVJLZZLZYLSH[LK[VOPYPUN [YHPUPUNWLYMVYTHUJLL]HS\H[PVUKLWSV`TLU[ TV[P]H[PVUTHUHNLTLU[KL]LSVWTLU[ [HSLU[THUHNLTLU[Z\JJLZZPVUWSHUUPUN PU[LYUHSJVTT\UPJH[PVUJ\S[\YLI\PSKPUNHUK JVTWLUZH[PVUZ[Y\J[\YLVM[OL*VTWHU`»Z LTWSV`LLZ

Corporate Social Responsibility (CSR) Committee 0U[LYTZVM[OLYLX\PYLTLU[ZVM[OL*VTWHUPLZ (J[H*VYWVYH[L:VJPHS9LZWVUZPIPSP[` *VTTP[[LLVM[OL*VTWHU`^HZJVUZ[P[\[LK VU 1HU\HY`^OPJOJVTWYPZLKVM[OL MVSSV^PUN+PYLJ[VYZ! R 4Z4LOLY7\K\TQLL*OHPYWLYZVU

0UKLWLUKLU[+PYLJ[VY R 4Y:OPYPZO(W[L0UKLWLUKLU[+PYLJ[VY R +Y=HSLU[PU]VU4HZZV^0UKLWLUKLU[ +PYLJ[VY R 4Y.H\[HT;OHWHY5VU,_LJ\[P]L+PYLJ[VY

For the Financial Year 2014 DIRECTOR

STATUS

MEETINGS ATTENDED

4Y:OPYPZO(W[L

*OHPYTHUMYVT(WYPS 0UKLWLUKLU[+PYLJ[VY



+Y6TRHY.VZ^HTP

*OHPYTHU\W[V4HYJO 5VU,_LJ\[P]L+PYLJ[VY



4Y:HUQH`3HIYVV

4LTILY0UKLWLUKLU[+PYLJ[VY



4Y:\YLZO7YHIO\

4LTILY0UKLWLUKLU[+PYLJ[VY



4Y.H\[HT;OHWHY

4LTILY5VU,_LJ\[P]L+PYLJ[VY



4Y:OPYPZO(W[L^HZHWWVPU[LKHZH4LTILYVM[OL*VTTP[[LL^P[OLMMLJ[MYVT-LIY\HY`"UVTLL[PUNZVM[OL*VTTP[[LL^LYL JVUK\J[LKHM[LYOPZHWWVPU[TLU[ 4Y.H\[HT;OHWHYYLZPNULKHZH4LTILYVM[OL*VTTP[[LL^P[OLMMLJ[MYVT-LIY\HY`

TABLE 05

Nomination and Remuneration Committee Meetings For the Financial Year 2014 DIRECTOR

STATUS

MEETINGS HELD

MEETINGS ATTENDED

4Y:HUQH`3HIYVV

*OHPYTHU0UKLWLUKLU[+PYLJ[VY





+Y6TRHY.VZ^HTP

4LTILY5VU,_LJ\[P]L+PYLJ[VY





4Y.H\[HT;OHWHY

4LTILY5VU,_LJ\[P]L+PYLJ[VY





+Y4YZ*VSL[[L3L^PULY

4LTILY0UKLWLUKLU[+PYLJ[VY





+Y4YZ*VSL[[L3L^PULY^HZHWWVPU[LKHZH4LTILYVM[OL*VTTP[[LL^P[OLMMLJ[MYVT 1HU\HY`

MVYT\SH[PUNHUKYLJVTTLUKPUN[V[OL)VHYK H*VYWVYH[L:VJPHS9LZWVUZPIPSP[`7VSPJ`VM[OL *VTWHU`;OL*VTTP[[LL^PSSYLJVTTLUK[OL NVHSZPUP[PH[P]LZHUKWYHJ[PJLZ[V[OL)VHYK PULMMLJ[P]LS`JHYY`PUNV\[*VTWHU`»ZK\[` HZHJVYWVYH[LJP[PaLU;OL*VTTP[[LL^PSS KL[LYTPUL[OLHUU\HSWSHUTVUP[VYWYVQLJ[Z HUKHJ[P]P[PLZVM[OL*VTWHU`PUHJJVYKHUJL ^P[O[OL*VYWVYH[L:VJPHS9LZWVUZPIPSP[`7VSPJ` VM[OL*VTWHU`MYVT[PTL[V[PTL ;OL*VTTP[[LLOHKUVTLL[PUNZK\YPUN -@I\[PZ^VYRPUNJSVZLS`^P[O[OL*:9 [LHTH[*.HUK(]HU[OH[VMVYTHSPaLHWVSPJ`VU *:9HUK[OLHUU\HSWSHUMVY-@

Management

Stakeholders Relationship Committee

Accounting Policies

;OL*VTWHU`OHZH:[HRLOVSKLYZ9LSH[PVUZOPW *VTTP[[LLKL[HPSZVM^OPJOHYLNP]LU\UKLY[OL :LJ[PVU¸:OHYLOVSKLYZ¹PU[OPZ9LWVY[

Management Discussion and Analysis Report ;OPZPZNP]LUHZHZLWHYH[L*OHW[LYPU[OL (UU\HS9LWVY[

Disclosure of Material Transactions *VUZPKLYPUN[OLZPaLHUKUH[\YLVMVWLYH[PVUZ [OLYL^LYLUVYLSH[LKWHY[`[YHUZHJ[PVUZVM HTH[LYPHSS`ZPNUPÃ&#x201E;JHU[UH[\YLPU[LYTZVM[OL 3PZ[PUN(NYLLTLU[^P[O:[VJR,_JOHUNLZ[OH[ JV\SKOH]LHWV[LU[PHSJVUÃ&#x2026;PJ[^P[O[OLPU[LYLZ[Z VM[OL*VTWHU`H[SHYNL

;OL*VTWHU`OHZHKVW[LKHJJV\U[PUN [YLH[TLU[Z^OPJOHYLPUJVUMVYTHUJL^P[O [OVZLWYLZJYPILKI`[OLHWWSPJHISL(JJV\U[PUN :[HUKHYKZ

Insider Trading ;OL*VTTP[[LLPZYLZWVUZPISLMVYV]LYZPNO[ VU*:9HJ[P]P[PLZVM[OL*VTWHU`HZ^LSSHZ

70

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;OL*VTWHU`OHZJVTWYLOLUZP]LN\PKLSPULZ PUHJJVYKHUJL^P[O[OL:,)09LN\SH[PVUZPU


[OPZYLNHYK^OPJOHK]PZLHUKJH\[PVU[OL +PYLJ[VYZ4HUHNLTLU[HUK,_LJ\[P]LZVU [OLWYVJLK\YLZ[VILMVSSV^LK^OPSZ[KLHSPUN ^P[O[OLZLJ\YP[PLZVM[OL*VTWHU`;OL0UZPKLY ;YHKPUN*VKLMYHTLKI`[OL*VTWHU`OLSWZPU LUZ\YPUNJVTWSPHUJL^P[O[OLZLYLX\PYLTLU[Z

Quiet Period Policy *.MVSSV^ZH8\PL[7LYPVK7VSPJ`K\YPUN ^OPJO[OL*VTWHU`KVLZUV[LUNHNLPU HU`KPZJ\ZZPVUZJVTT\UPJH[PVUZVYV[OLY PU[LYHJ[PVU^P[OHUHS`Z[ZPU]LZ[VYZVYTLKPH ;OPZ¸8\PL[7LYPVK¹JVTTLUJLZVU[OL[OVM [OL[OPYKTVU[OVMLHJOX\HY[LYHUKJVU[PU\LZ \W[V[OLJVUJS\ZPVUVM[OL)VHYK4LL[PUNH[ ^OPJO[OLÃ&#x201E;UHUJPHSYLZ\S[ZMVYLHJOX\HY[LYHYL HUUV\UJLK[V[OL:[VJR,_JOHUNLZ/V^L]LY K\YPUN[OL8\PL[7LYPVK[OL*VTWHU`»Z 0U]LZ[VY:LY]PJLZ+LWHY[TLU[JVU[PU\LZ [VHKKYLZZPU]LZ[VYYLSH[LKPZZ\LZHUK JVTT\UPJH[PVUZ^P[O[OL:[VJR,_JOHUNLZHUK V[OLY9LN\SH[VY`(\[OVYP[PLZHZYLX\PYLKI`SH^

Shareholders Disclosure regarding Appointment and / or Re-appointment of Directors (ZWLY[OLWYV]PZPVUZVM[OL*VTWHUPLZ(J[ 4Y:\KOPY;YLOHUYL[PYLZI`YV[H[PVU H[[OLMVY[OJVTPUN(UU\HS.LULYHS4LL[PUN 4Y;YLOHUOHZUV[VMMLYLKOPTZLSMMVYYL HWWVPU[TLU[0[PZWYVWVZLKUV[[VHWWVPU[HU` KPYLJ[VYPUWSHJLVM4Y:4;YLOHU 0U[LYTZVM:LJ[PVU HUKV[OLYHWWSPJHISL WYV]PZPVUZVM[OL*VTWHUPLZ(J[HSS 0UKLWLUKLU[+PYLJ[VYZVM[OL*VTWHU`T\Z[ ILHWWVPU[LKPUHJJVYKHUJL^P[O[OLUL^(J[H[ H.LULYHS4LL[PUNVM[OL*VTWHU`^P[OPUVUL `LHYVM[OLJVTTLUJLTLU[VM[OL(J[ (JJVYKPUNS`4Y:OPYPZO(W[L 4Y:HUQH`3HIYVV+Y4YZ*VSL[[L3L^PULY 4Y:\YLZO7YHIO\4Z4LOLY7\K\TQLL HUK+Y=HSLU[PU]VU4HZZV^0UKLWLUKLU[ +PYLJ[VYZHYLYLJVTTLUKLKMVYJVUÃ&#x201E;YTH[PVU VMHWWVPU[TLU[HZ0UKLWLUKLU[+PYLJ[VYZ I`ZOHYLOVSKLYZH[[OLMVY[OJVTPUN(UU\HS .LULYHS4LL[PUNHZWLY[OLWYV]PZPVUZVM[OL *VTWHUPLZ(J[ 4Y:(W[LPZH*OHY[LYLK(JJV\U[HU[MYVT [OL0UZ[P[\[LVM*OHY[LYLK(JJV\U[HU[ZVM ,UNSHUK >HSLZ"HUKHSZVOVSKZHU4)( KLNYLLMYVT[OL3VUKVU)\ZPULZZ:JOVVS /LOHZTVYL[OHU`LHYZ»L_WLYPLUJL^P[O *P[PNYV\W/LQVPULK*P[PPU0UKPHHUKOLSK ]HYPV\ZHZZPNUTLU[ZPU*VYWVYH[L)HURPUN

9PZR4HUHNLTLU[*VYWVYH[L-PUHUJLHUK 0U]LZ[TLU[)HURPUNILMVYLILPUNHWWVPU[LK 4HYRL[ZHUK)HURPUN/LHKMVY*P[PIHUR0UKPH PU  4Y(W[LTV]LK[V3VUKVUPU HZ:LUPVY 9PZR4HUHNLYMVY*P[PNYV\W*LU[YHSHUK,HZ[LYU ,\YVWL4PKKSL,HZ[HUK(MYPJH*,,4,( YLNPVUHUKPU ILJHTL*VYWVYH[L-PUHUJL /LHKMVY*,,4,(PUJS\KPUN0UKPH0U OL ^HZHWWVPU[LK7YLZPKLU[HUK*V\U[Y`4HUHNLY MVY*P[PIHUR7VSHUK 4Y(W[L^HZYLZWVUZPISLMVY*P[PIHUR»Z HJX\PZP[PVUVM)HUR/HUKSV^`PU[OL`LHY MVSSV^PUN^OPJOOL^HZHWWVPU[LK+LW\[` 7YLZPKLU[HUK*OPLM6WLYH[PUN6MÃ&#x201E;JLYMVY *P[PIHUR/HUKSV^`+\YPUN[VOL HSZVSLK[OLTLYNLYHUKPU[LNYH[PVUVM*P[PIHUR 7VSHUKHUK)HUR/HUKSV^` )L[^LLUHUK 4Y(W[L^HZ*,6 MVY*,,4,(9LNPVUILMVYLILJVTPUN*,6 MVY(ZPH7HJPÃ&#x201E;JPU /L^HZHTLTILY VM*P[PNYV\W»Z,_LJ\[P]LHUK6WLYH[PUN *VTTP[[LLZ0UHUK4Y(W[L ^HZ*OHPYTHUVM*P[P(ZPH7HJPÃ&#x201E;J)HURPUN \U[PSOLYL[PYLKMYVT*P[PPULHYS`/L^HZ HSZVHTLTILYVM[OL*P[PNYV\W»Z)\ZPULZZ +L]LSVWTLU[*VTTP[[LLHUKP[Z:LUPVY (K]PZVY`.YV\W/L^HZHSZV*P[PIHUR»Z:LUPVY :[H[LZTHUH[[OL3VUKVU)\ZPULZZ:JOVVS

VM[OL6,4*VTTP[[LLVM[OL(\[VTV[P]L *VTWVULU[Z4HU\MHJ[\YLYZ»(ZZVJPH[PVUVM 0UKPHHUK[OL*OHPYTHUVM[OL(YJOP[LJ[\YHS .SHZZ7HULSVM(SS0UKPH.SHZZ4HU\MHJ[\YLYZ» -LKLYH[PVU4LTILYVM[OL4HUHNPUN *VTTP[[LLVM0UKPHU.SHZZ4HU\MHJ[\YLYZ» (ZZVJPH[PVU4Y3HIYVV^HZVU[OL)VHYKVM[OL 9LZLY]L)HURVM0UKPHMVY¶ INDIAN DIRECTORSHIPS R (ZHOP0UKPH.SHZZ3[K R (0:(KOLZP]LZ3[K R (0:.SHZZ:VS\[PVUZ3[K R (SSPLK-PUJHW:LY]PJLZ7][3[K R (ZHOP0UKPH4HW(\[V.SHZZ3[K R )HSSHYW\Y0UK\Z[YPLZ3[K R ,ZZLS4HYRL[PUN7][3[K R 2YPZOUH4HY\[P3[K R 3(5,Z[H[LZ7][3[K R 4HS[L_4HSZ[LYZ3[K R 4HOPUKYH-PYZ[*OVPJL>OLLSZ3[K R 5PZOP,SLJ[YVUPJZ7][3[K R 9:,Z[H[LZ7][3[K R :OPLSK(\[VNSHZZ3[K R :2/4L[HSZ3[K R ;HOPSPHUP+LZPNU7][3[K

COMMITTEE POSITIONS R (ZHOP0UKPH.SHZZ3[K R 4HOPUKYH-PYZ[*OVPJL>OLLSZ3[K

FOREIGN DIRECTORSHIPS R )HUR/HUKSV^` R *P[PIHUR1HWHU3[K R 0UZ[P[\[LVM)HURPUN -PUHUJL:PUNHWVYL R *./VSKPUNZ)LSNP\T5= COMMITTEE POSITIONS R )HUR/HUKSV^` R *P[PIHUR1HWHU

4Y(W[LPZHSZV*OHPYTHUVM*.»Z(\KP[HUK 9PZR*VTTP[[LLHUK4LTILYVM*VYWVYH[L :VJPHS9LZWVUZPIPSP[`*VTTP[[LL /LKVLZUV[OVSKHU`ZOHYLZPU[OL*VTWHU` LP[OLYPUOPZPUKP]PK\HSJHWHJP[`VYILULÃ&#x201E;JPHSS` MVYV[OLYZHUKPZUV[YLSH[LK[VHU`+PYLJ[VYVM [OLJVTWHU` Mr S LabrooOVSKZHK\HS+LNYLLPU-PUHUJL 4HUHNLTLU[MYVT>OHY[VU)\ZPULZZ:JOVVS <:(4Y3HIYVVPZ[OLMV\UKPUN4HUHNPUN +PYLJ[VY *,6VM(ZHOP0UKPH.SHZZ3[K[OL SHYNLZ[PU[LNYH[LKNSHZZJVTWHU`PU0UKPH 4Y3HIYVVPZHSZVJSVZLS`HZZVJPH[LK^P[O ]HYPV\Z;YHKL6YNHUPZH[PVUZHUK*OHTILYZVM *VTTLYJL"4Y3HIYVVPZJ\YYLU[S`H*OHPYTHU

4Y3HIYVVPZHU0UKLWLUKLU[+PYLJ[VYVU [OL)VHYK/LPZH4LTILYVM[OL(\KP[HUK 9PZR*VTTP[[LLHUKHSZV*OHPYTHUVM[OL 5VTPUH[PVUHUK9LT\ULYH[PVU*VTTP[[LL/L PZUV[YLSH[LK[VHU`VM[OLV[OLY+PYLJ[VYZVU[OL )VHYK /LKVLZUV[OVSKHU`ZOHYLZPU[OL*VTWHU` LP[OLYPUOPZPUKP]PK\HSJHWHJP[`VYILULÃ&#x201E;JPHSS` MVYV[OLYZ Dr C LewinerPZH7O+PUWO`ZPJZHUKOHZ V]LY`LHYZVML_WLYPLUJLHZHYLZLHYJOLY HJHKLTPJPHUHUKHZHUPUK\Z[Y`L_WLY[PU MVZZPSM\LSVPSHUKNHZU\JSLHYHUKYLUL^HISL LULYNPLZ +Y3L^PULYQVPULK,SLJ[YPJP[tKL-YHUJL ,+-PU  OLHKPUN[OL-\LS7YVJ\YLTLU[ KP]PZPVUHUKOHZ^VYRLKPUZLUPVYJHWHJP[PLZ ^P[OYLW\[LKT\S[PUH[PVUHSZPUJS\KPUNHZ,+-»Z Ã&#x201E;YZ[^VTHU,_LJ\[P]L=PJL7YLZPKLU[PU   OLHKPUN,+-»Z+L]LSVWTLU[HUK*VTTLYJPHS :[YH[LN`+P]PZPVU*OHPY^VTHUVM[OL)VHYK  *,6VM:.5,\YPZ`Z.YV\WHUK,_LJ\[P]L=PJL 7YLZPKLU[HUK.SVIHS3LHKLYVM[OL,ULYN` <[PSP[PLZHUK*OLTPJHSZ:LJ[VYPU*HWNLTPUP

C O R P O R AT E G O V E R N A N C E

71


+Y3L^PULYPZWYLZLU[S`[OL,ULYN`(K]PZVY[V [OL*OHPYTHUHUK*,6VM*HWNLTPUP +Y3L^PULYPZ4LTILYVM[OL-YLUJO (JHKLT`VM;LJOUVSVN`HUKVM-YLUJO :[YH[LNPJ*VTTP[[LLMVY9LZLHYJO :OLOHZILLUOVUVYLK^P[O[^VZPNUPÃ&#x201E;JHU[ -YLUJOJP]PSPHUH^HYKZ"ZOLPZ¸*VTTHUKL\Y¹ PU[OL3LNPVUVM/VUV\YHUKPU[OL¸6YKLYVM 4LYP[¹ FOREIGN DIRECTORSHIPS R )V\`N\LZ R *VSHZ R ,\YV[\UULS R ,+R 5L_HUZ R ;.:5VWLJ(:( R ;+R *V^PU R 9LUPMVY[ R *HY^PU R 9LQHSL

+Y3L^PULYPZHSZVHTLTILYVM[OL5VTPUH[PVU HUK9LT\ULYH[PVU*VTTP[[LLVM[OL*VTWHU` +Y3L^PULYKVLZUV[OVSKHU`ZOHYLZPU[OL *VTWHU`LP[OLYPUOLYPUKP]PK\HSJHWHJP[`VY ILULÃ&#x201E;JPHSS`MVYV[OLYZHUKPZUV[YLSH[LK[VHU` +PYLJ[VYVM[OL*VTWHU` Mr S Prabhu PZH*OHY[LYLK(JJV\U[HU[^P[O H+LNYLLPU3H^"HUKOHZHSZVILLUJVUMLYYLK HU/VUVYHY`+VJ[VYH[LI`[OL0U[LYUH[PVUHS -VYLZ[Y`9LZV\YJLZHUK0UZ[P[\[PVUZ(UL_ <UPVU*HIPUL[4PUPZ[LYVM7V^LY0UK\Z[Y` ,ULYN`,U]PYVUTLU[ -VYLZ[Z*OLTPJHSZ -LY[PSPaLYZ/LH]`0UK\Z[Y`HUK7\ISPJ ,U[LYWYPZLZHUKH4LTILYVM7HYSPHTLU[MYVT  [PSS 4Y7YHIO\OHZSLM[HUPUKLSPISL THYRVU0UKPHUWVSP[PJZHUKHUPTWLJJHISL YLW\[H[PVUHZHWLYMVYTPUNTPUPZ[LY 4Y7YHIO\OHZHSZVSLKHUKYLWYLZLU[LK 0UKPHPUZL]LYHS)PSH[LYHS0U[LYUH[PVUHSZ\TTP[Z HUK7HYSPHTLU[HY`MVY\TZZ\JOHZ.,< (ZPH>VYSK>H[LY-VY\T<5,:*6.36), HUK7HYSPHTLU[HY`5L[^VYRVM>VYSK)HUR 0UKPH<:(0UKPH1HWHUHUK0UKPH.LYTHU` Z[YH[LNPJKPHSVN\LZ4Y7YHIO\J\YYLU[S`JOHPYZ [OL.SVIHS>H[LY7HY[ULYZOPW:V\[O(ZPHHUK PZHTLTILYVM[OL<UP[LK5H[PVUZ*VTTPZZPVU MVYIPVKP]LYZP[`HUKSHUK\ZL/LPZHSZVH:LUPVY (K]PZVY[V[OL<5/LPZHSZVHZZVJPH[LK^P[OH SHYNLU\TILYVMVYNHUPaH[PVUZPU[OLLK\JH[PVU HY[SP[LYH[\YLZWVY[ZZVJPHSHUKJ\S[\YHSJPYJ\P[Z

72

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

INDIAN DIRECTORSHIPS R <UP[LK7OVZWOVYV\Z3[K R 0*(0(JJV\U[PUN9LZLHYJO-V\UKH[PVU R *SPTH[L*OHUNL(ZZVJPH[PVU0UKPH R :OHR[P:\Z[HPUHISL,ULYN`-V\UKH[PVU

/LPZHSZVH4LTILYVM[OL(\KP[HUK9PZR *VTTP[[LLVM[OL*VTWHU`4Y7YHIO\KVLZ UV[OVSKHU`ZOHYLZPU[OL*VTWHU`LP[OLYPUOPZ PUKP]PK\HSJHWHJP[`VYILULÃ&#x201E;JPHSS`MVYV[OLYZHUK PZUV[YLSH[LK[VHU`+PYLJ[VYVM[OL*VTWHU` Ms M Pudumjee PZHWVZ[NYHK\H[LPU *OLTPJHS,UNPULLYPUNMYVT[OL0TWLYPHS *VSSLNLVM:JPLUJL ;LJOUVSVN`3VUKVU 4Z7\K\TQLLQVPULK;OLYTH_3PTP[LKHZH [YHPULLLUNPULLYPU(\N\Z[ HUKSH[LYVU ^VYRLKJSVZLS`^P[O[OL[YLHZ\Y`HUK^VYRPUN JHWP[HSTHUHNLTLU[M\UJ[PVUZVM;OLYTH_HZ HSZVPU[OL,U]PYVUTLU[+P]PZPVUZVM;OLYTH_ 0UZOLQVPULK[OL;OLYTH_)VHYK HUKWSH`LKHUHJ[P]LYVSLPU[OL[\YUHYV\UK VM;OLYTH_HSVUN^P[O[OL)VHYKHUKZLUPVY THUHNLTLU[VM;OLYTH_ :OL[VVRV]LYHZ*OHPYWLYZVUVM;OLYTH_ 3PTP[LKLMMLJ[P]L6J[VILY 4Z7\K\TQLLPZPU]VS]LK^P[OZL]LYHS5.6Z SPRL;LHJO-VY0UKPH(RHURZOHHUK:OHR[P :\Z[HPUHISL,ULYN`-V\UKH[PVU

<UP]LYZP[`.Â&#x20AC;[[PUNLU.LYTHU`PU (M[LY PUP[PHS^VYRL_WLYPLUJLPU(MYPJHOL^VYRLKMVY `LHYZHZH4HUHNLTLU[*VUZ\S[HU[^P[O;OL )VZ[VU*VUZ\S[PUN.YV\W)*.PU,\YVWL<: HUK0UKPH"PU OL^HZWYVTV[LKHZ=PJL 7YLZPKLU[HUK+PYLJ[VYVM)*.0UJ+\YPUNOPZ [LU\YL^P[O)*.OLOLSKHU\TILYVMZLUPVY WVZP[PVUZPUJS\KPUN[OH[VM4HUHNPUN+PYLJ[VY MVY)*.0UKPH/LIYPUNZ^P[OOPTHYPJONSVIHS L_WLYPLUJLVMI\ZPULZZTVKLSZNV]LYUHUJL Z[YH[LN`HUKVWLYH[PVUZ :PUJL+Y]VU4HZZV^^VYRZHZHU 0UKLWLUKLU[5VU,_LJ\[P]L+PYLJ[VYIHZLK PU3VUKVU/PZIVHYKTHUKH[LZPUJS\KL JVTWHUPLZHUKVYNHUPaH[PVUZPU[OLYLUL^HISL LULYN`LU]PYVUTLU[HUKHNYPJ\S[\YLZLJ[VYZPU 0UKPH.LYTHU`HUK<2 INDIAN DIRECTORSHIPS R ;OLYTH_3[K

FOREIGN DIRECTORSHIPS R 9P[[LYZJOHM[PJOLZ2YLKP[PUZ[P[\[:[HKL920

.LYTHU` R >VYSK^PKL-\UKMVY5H[\YL>>-<2

;Y\Z[LL R (KHZ.YV\W<UP[LK2PUNKVT R *./VSKPUNZ)LSNP\T5=

R (9(;Y\Z[LLZOPW*VTWHU`7][3[K

+Y]VU4HZZV^PZHSZVH4LTILYVM[OL *VYWVYH[L:VJPHS9LZWVUZPIPSP[`*VTTP[[LL VM[OL*VTWHU`"OLJOHPYZ[OL*./VSKPUNZ )LSNP\T)VHYK^OPJOV]LYZLLZ[OL*VTWHU`»Z HJ[P]P[PLZV\[ZPKL0UKPH +Y]VU4HZZV^OVSKZ.SVIHS +LWVZP[VY`9LJLPW[ZPU[OL*VTWHU` +Y]VU4HZZV^KVLZUV[OVSKHU`ZOHYLZPU [OL*VTWHU`LP[OLYPUOPZPUKP]PK\HSJHWHJP[`VY ILULÃ&#x201E;JPHSS`MVYV[OLYZHUKPZUV[YLSH[LK[VHU` +PYLJ[VYVM[OL*VTWHU`

FOREIGN DIRECTORSHIPS

Communication to Shareholders

R ;OLYTH_0U[LYUH[PVUHS3[K4H\YP[P\Z

-\SSHUKJVTWSL[LKPZJSVZ\YLVMPUMVYTH[PVU YLNHYKPUN[OL*VTWHU`»ZÃ&#x201E;UHUJPHSWVZP[PVU HUKWLYMVYTHUJLPZHUPTWVY[HU[WHY[VM[OL *VTWHU`»Z*VYWVYH[L.V]LYUHUJLL[OVZ;OL *VTWHU`OHZKLTVUZ[YH[LK[OPZJVTTP[TLU[ I`ZLUKPUNP[ZZOHYLOVSKLYZHM\SS]LYZPVU VMP[Z(UU\HS9LWVY[KLZWP[LH9LN\SH[VY` L_LTW[PVU;V^HYKZWYV]PKPUNIL[[LYHUK JSLHYLYPUMVYTH[PVU[OLZ[HUKHSVULHZ^LSSHZ JVUZVSPKH[LKIHSHUJLZOLL[HUKZ[H[LTLU[VM WYVÃ&#x201E;[HUKSVZZHYLHSZVWYV]PKLKPU<:+HUK ,\YVPU[OL(UU\HS9LWVY[[VNP]LZOHYLOVSKLYZ HIL[[LYWLYZWLJ[P]LVM[OL*VTWHU`»Z

INDIAN DIRECTORSHIPS R ;OLYTH_3[K R 0TWLYPHS*VSSLNL0UKPH-V\UKH[PVU R ;OLYTH_)HIJVJR >PSJV_,ULYN`

:VS\[PVUZ7][3[K R 9+(/VSKPUNZ7][3[K R ;OLYTH_:VJPHS0UP[PH[P]L-V\UKH[PVU R :OHR[P:\Z[HPUHISL,ULYN`-V\UKH[PVU R 29(/VSKPUNZ7][3[K R :O\MÃ&#x2026;L9LHS[VYZ7][3[K

COMMITTEE POSITIONS R ;OLYTH_3PTP[LK

4Z7\K\TQLLPZHSZV[OL*OHPYWLYZVUVM[OL *VYWVYH[L:VJPHS9LZWVUZPIPSP[`*VTTP[[LLVM [OL*VTWHU`4Z7\K\TQLLKVLZUV[OVSKHU` ZOHYLZPU[OL*VTWHU`LP[OLYPUOLYPUKP]PK\HS JHWHJP[`VYILULÃ&#x201E;JPHSS`MVYV[OLYZHUKPZUV[ YLSH[LK[VHU`+PYLJ[VYVM[OL*VTWHU` +Y=]VU4HZZV^YLJLP]LKOPZ7O+PU (NYPJ\S[\YHS,JVUVTPJZMYVT.LVYNPH(\N\Z[H


:VS\[PVUZMVYº4PSSZ»I` TPUPTPZPUNOPNOZ[HY[PUN J\YYLU[HUKTLJOHUPJHSZOVJRZ

WLYMVYTHUJLPU[OLZL[^VTHQVYPU[LYUH[PVUHS J\YYLUJPLZ ;OL*VTWHU`^LSJVTLZ[OL¸.YLLU 0UP[PH[P]LZ¹ILPUNWYVTV[LKI`[OL4PUPZ[Y` VM*VYWVYH[L(MMHPYZ4*([VLUJV\YHNL LLUHISLKYLN\SH[VY`JVTWSPHUJLZPUP[Z LMMVY[Z[VJVUZLY]LJVUZ\TW[PVUVMWHWLYHUK WYLZLY]L[OLLU]PYVUTLU[0UM\Y[OLYHUJLVM [OPZPTWVY[HU[PUP[PH[P]L[OL*VTWHUPLZ(J[ OHZWLYTP[[LKJVTWHUPLZ[VWYV]PKL P[ZZOHYLOVSKLYZKVJ\TLU[ZPUJS\KPUN[OL (UU\HS9LWVY[I`LSLJ[YVUPJTVKL0UZ\WWVY[ VM4*(»ZLUKLH]V\YZPU[OPZKPYLJ[PVU[OL *VTWHU`ZLUKZP[Z(UU\HS9LWVY[HZ^LSSHZ V[OLYZOHYLOVSKLYJVYYLZWVUKLUJLI`LTHPS [VLHKKYLZZLZYLNPZ[LYLK^P[O[OL*VTWHU` +LWVZP[VY`7HY[PJPWHU[ZMVYJVTT\UPJH[PVU W\YWVZLZ0UJHZLHU`Z\JOZOHYLOVSKLYKLZPYLZ [VYLJLP]LHWO`ZPJHSJVW`VM[OL(UU\HS9LWVY[ [OL*VTWHU`^PSSILOHWW`[VWYV]PKL[OLZHTL \WVUYLX\LZ[

*SH\ZLVM[OL3PZ[PUN(NYLLTLU[YLX\PYLZ HJVTWHU`[VVUS`Z\ITP[Z[HUKHSVUL \UH\KP[LKÃ&#x201E;UHUJPHSYLZ\S[Z"HUKNP]LZHUVW[PVU [VHJVTWHU`OH]PUNZ\IZPKPHYPLZ[VZ\ITP[ JVUZVSPKH[LKYLZ\S[Z[V:[VJR,_JOHUNLZ /V^L]LYKLZWP[L[OPZ9LN\SH[VY`L_LTW[PVU H]HPSHISL[OL*VTWHU`OHZJVUZJPV\ZS` JOVZLU[VZ\ITP[X\HY[LYS`JVUZVSPKH[LK \UH\KP[LKÃ&#x201E;UHUJPHSYLZ\S[Z[V[OL:[VJR ,_JOHUNLZHUKHKKP[PVUHSS`HSZVW\ISPZOIV[O Z[HUKHSVULHUKJVUZVSPKH[LKÃ&#x201E;UHUJPHSYLZ\S[Z PU[OLUL^ZWHWLYZMVYIL[[LYKPZJSVZ\YLZ [VP[ZZOHYLOVSKLYZHUK[OLNLULYHSPU]LZ[VY JVTT\UP[` ;OL*VTWHU`»ZX\HY[LYS`YLZ\S[ZPU[OL MVYTH[WYLZJYPILKI`[OL:[VJR,_JOHUNLZHYL HWWYV]LKHUK[HRLUVUYLJVYKI`[OL)VHYK ^P[OPU[OLWYLZJYPILK[PTLMYHTLHUKZLU[ PTTLKPH[LS`[VHSS:[VJR,_JOHUNLZVU^OPJO [OL*VTWHU`»ZZOHYLZHYLSPZ[LK;OLZLYLZ\S[Z HYLW\ISPZOLKPUSLHKPUNUL^ZWHWLYZ¶;OL -PUHUJPHS,_WYLZZPU,UNSPZOHUK3VRZH[[H

PU]LYUHJ\SHYHUKHYLHSZV\WSVHKLKVU[OL ¸5,(7:¹^LIZP[LZWVUZVYLKI`[OL5H[PVUHS :[VJR,_JOHUNL;OL*VTWHU`M\Y[OLYÃ&#x201E;SLZ VUSPULPUMVYTH[PVUVUÃ&#x201E;UHUJPHSZ[H[LTLU[ZHUK V[OLYTH[[LYZZWLJPÃ&#x201E;LKVU[OL755L^Z^PYL ^LIZP[L^OPJOPZHWWYV]LKI`[OL3VUKVU :[VJR,_JOHUNL (M[LYL]LY`X\HY[LYS`)VHYK4LL[PUN MVYKLJSHYH[PVUVMYLZ\S[Z[OL*VTWHU` JVUK\J[ZHUHUHS`Z[PU[LYHJ[PVU[VWYV]PKL NYLH[LY[YHUZWHYLUJ`HUKJSHYPÃ&#x201E;JH[PVUZVU[OL *VTWHU`»ZÃ&#x201E;UHUJPHSWLYMVYTHUJL*VWPLZ VM[OLYLZ\S[ZHYLLTHPSLK[VZOHYLOVSKLYZ ^OVZLLTHPSHKKYLZZLZHYLH]HPSHISL^P[O[OL *VTWHU`VY+LWVZP[HY`7HY[PJPWHU[ZMVY JVTT\UPJH[PVUW\YWVZLZ 0UMVYTH[PVUHIV\[[OL*VTWHU`PUNLULYHS P[ZÃ&#x201E;UHUJPHSYLZ\S[ZHUKV[OLYPUMVYTH[PVU PUJS\KPUNVMÃ&#x201E;JPHSWYLZZYLSLHZLZJHUHSZVIL HJJLZZLKH[[OL*VTWHU`»Z^LIZP[L;OL ¸0UMVYTH[PVU[V0U]LZ[VY¹ZLJ[PVUVM[OL*. ^LIZP[LWYV]PKLZ¸SP]L¹ZOHYLWYPJLZVM*.HZ

C O R P O R AT E G O V E R N A N C E

73


)\PSKPUNK`UHTPJI\ZPULZZLZ ^P[OL_WLY[ZHYV\UK[OL^VYSK· [OL7V^LY;YHUZMVYTLYMHJ[VY` H[)LSNP\T

^LSSHZNYHWOPJHSPUMVYTH[PVUYLSH[PUN[V[OL OPZ[VYPJHSZOHYLWYPJLZHUKW\ISPZOLKÄUHUJPHSZ .YHWOZYLSH[PUN[VPUJVTL WYVÄ[HIPSP[` IHSHUJLZOLL[ LX\P[`WVZP[PVUYH[PVZZOHYL YL[\YUZVU[OLZ[HUKHSVULHUKJVUZVSPKH[LK WVZP[PVUVM*.HYLYLHKPS`H]HPSHISLHJYVZZH U\TILYVM`LHYZPUH\ZLYMYPLUKS`THUULYMVY \ZLI`YL[HPSPU]LZ[VYZHUKYLZLHYJOLYZ *.»Z0U]LZ[VY8\LY`:`Z[LTH^LIIHZLK Z`Z[LTJVU[PU\LZ[VZ\WWVY[[OLZOHYLOVSKLYZ PUZLUKPUNX\LYPLZYLSH[PUN[VHU`WYVJLZZPUN HJ[P]P[`JVUJLYUPUN[OLPYZOHYLOVSKPUNPU*.

Information on General Body Meetings ;OLKL[HPSZVM[OLSHZ[[OYLL(UU\HS.LULYHS 4LL[PUNZHYLPUKPJH[LKPU;HISL.P]LUILSV^ HYL[OL:WLJPHS9LZVS\[PVUZ[OH[^LYLHWWYV]LK I`ZOHYLOVSKLYZH[[OLSHZ[[OYLL(UU\HS.LULYHS 4LL[PUNZOLSKVU!

74

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

19 JULY 2011 :WLJPHS9LZVS\[PVU^HZWHZZLKMVYHWWVPU[TLU[ VM4Y:.VZ^HTP[VOVSKHUVMÄJLVYWSHJLVM WYVÄ[PU[OL*VTWHU`»ZZ\IZPKPHY` 3 AUGUST 2012 5V:WLJPHS9LZVS\[PVU^HZWHZZLKH[[OL[O (UU\HS.LULYHS4LL[PUNOLSKVU(\N\Z[ 6 AUGUST 2013 5V:WLJPHS9LZVS\[PVU^HZWHZZLKH[[OL[O (UU\HS.LULYHS4LL[PUNOLSKVU(\N\Z[ 5V:WLJPHS9LZVS\[PVU^HZWHZZLKI`^H`VM 7VZ[HS)HSSV[PU[OLSHZ[`LHY

Details of Capital Market Non-Compliance, if any ;OL*VTWHU`OHZJVTWSPLK^P[OHSS YLX\PYLTLU[ZVM[OL3PZ[PUN(NYLLTLU[^P[O :[VJR,_JOHUNLZHZ^LSSHZ[OLYLN\SH[PVUZ HUKN\PKLSPULZWYLZJYPILKI`:,)0;OLYL ^LYLUVWLUHS[PLZVYZ[YPJ[\YLZPTWVZLKVU


TABLE 06

Annual General Meetings Particulars FINANCIAL YEAR

LOCATION



9H]PUKYH5H[`H4HUKPY4\TIHP

 1\S`

WT



:^H[HU[Y`H]LLY:H]HYRHY9HZO[YP`H:THYHR4\TIHP

(\N\Z[

WT



:^H[HU[Y`H]LLY:H]HYRHY9HZO[YP`H:THYHR4\TIHP

(\N\Z[

WT

[OL*VTWHU`I`HU`9LN\SH[VY`(\[OVYP[PLZ MVYUVUJVTWSPHUJLVUHU`TH[[LYYLSH[LK[V JHWP[HSTHYRL[ZK\YPUN[OLSHZ[[OYLL`LHYZ

DATE

V\[Z[HUKPUNJVTWSHPU[ZVYZOHYLZWLUKPUN [YHUZMLYHZVU4HYJO

TIME

WYVJLK\YLZHUKVWLYH[PVUHSYPZRZVM[OLZL Z\IZPKPHYPLZHYLHSZVYL]PL^LKI`[OL(\KP[HUK 9PZR*VTTP[[LLVM[OL)VHYK

Unclaimed Shares Stakeholders Relationship Committee ;VTLL[[OLYLX\PYLTLU[ZVM[OL*VTWHUPLZ (J[HUK*SH\ZL VM[OL3PZ[PUN (NYLLTLU[[OL:OHYLOVSKLYZ»0U]LZ[VYZ» .YPL]HUJL*VTTP[[LL^HZYLUHTLKHZ :[HRLOVSKLYZ9LSH[PVUZOPW*VTTP[[LLHUKP[Z [LYTZVMYLMLYLUJLHSPNULK[V[OLYLX\PYLTLU[Z VM[OL*VTWHUPLZ(J[ ;OL*VTTP[[LLJVTWYPZLZVM[OLMVSSV^PUN +PYLJ[VYZ! R 4Y.H\[HT;OHWHY*OHPYTHU5VU ,_LJ\[P]L+PYLJ[VY R 4Y3H\YLU[+LTVY[PLY,_LJ\[P]L+PYLJ[VY +\YPUN-@[OL:[HRLOVSKLYZ9LSH[PVUZOPW *VTTP[[LLTL[VU 1HU\HY`H[^OPJO TLL[PUNHSS4LTILYZ^LYLWYLZLU[ ;OL*VTTP[[LLYL]PL^Z[OLYLKYLZZHSVM NYPL]HUJLZVMZLJ\YP[`OVSKLYZVM[OL*VTWHU` PUJS\KPUNPU]LZ[VYZ»JVTWSHPU[ZYLSH[LK[V [YHUZMLYZHUK[YHUZTPZZPVUZHUU\HSYLWVY[Z KP]PKLUKZHUKV[OLYZOHYLYLSH[LKTH[[LYZ" [OLWLYPVKPJP[`HUKLMMLJ[P]LULZZVM[OLZOHYL [YHUZMLYWYVJLZZYLN\SH[VY`JLY[PÃ&#x201E;JH[PVUZ KLWVZP[VY`YLSH[LKPZZ\LZHUKHJ[P]P[PLZVM[OL 9LNPZ[YHYHUK;YHUZMLY(NLU[0UHKKP[PVU[V HYL]PL^I`[OPZ*VTTP[[LL[OL*VTWHU` JVU[PU\LZP[ZL_PZ[PUNWYHJ[PJLVMYLWVY[PUN [V[OL+PYLJ[VYZH[LHJO)VHYK4LL[PUN [OLU\TILYHUKJH[LNVY`VMZOHYLOVSKLY JVTWSHPU[ZYLJLP]LKHUK[OLZ[H[\ZVM[OLPY YLZVS\[PVU;OL*VTWHU`LUQV`ZHUL_[YLTLS` OPNOSL]LSVMPU]LZ[VYZH[PZMHJ[PVU^OPJOPZ YLÃ&#x2026;LJ[LKPU[OL]LY`PUZPNUPÃ&#x201E;JHU[U\TILYVM PU]LZ[VYJVTWSHPU[Z ;OL*VTWHU`YLJLP]LKMV\YZOHYLOVSKLYZ» JVTWSHPU[ZK\YPUN[OLÃ&#x201E;UHUJPHS`LHY\UKLY YL]PL^^OPJO^LYLVMHYV\[PULUH[\YLHUK ^LYLZH[PZMHJ[VYPS`YLZVS]LK;OLYLHYLUV

*SH\ZL(VM[OL3PZ[PUN(NYLLTLU[^P[O :[VJR,_JOHUNLZYLX\PYLZHSPZ[LKJVTWHU` [V[YHUZMLYZOHYLZ^OPJOOH]LYLTHPULK \UJSHPTLKW\YZ\HU[[VHW\ISPJPZZ\LVYHU` V[OLYPZZ\L[VHU<UJSHPTLK:\ZWLUZL (JJV\U[^P[OH+LWVZP[VY`7HY[PJPWHU[;OL ]V[PUNYPNO[Z^P[OYLZWLJ[[V[OLZOHYLZOLSK PUZ\JO<UJSHPTLK:\ZWLUZL(JJV\U[HYL MYVaLUHUKM\[\YLZOHYLHSSV[TLU[ZHYLHSZV[V ILPZZ\LKKPYLJ[S`[VZ\JOHJJV\U[;OPZ*SH\ZL YLX\PYLZH*VTWHU`[VZLUK[OYLLYLTPUKLYZPU [OPZYLNHYKILMVYL[OL[YHUZMLY+\YPUN-@ ZOHYLOVSKLYZOH]LJSHPTLK ZOHYLZ ^OPJO^LYL[YHUZMLYYLK[V[OLPYYLZWLJ[P]L KLTH[HJJV\U[Z

Governance of Subsidiaries ;OLZ\IZPKPHYPLZVM[OL*VTWHU`HYL HKLX\H[LS`LTWV^LYLK[OYV\NOKLSLNH[PVUVM [OLVWLYH[PVUHSWV^LYZ[VSVJHS4HUHNLTLU[ H[HSSSVJH[PVUZ;OL4HUHNLTLU[VMZ\IZPKPHY` JVTWHUPLZHYLYLZWVUZPISLMVYZ[H[\[VY` JVTWSPHUJLZOLHS[O ZHML[`JVUJLYUZPU[LNYP[` VMHJJV\U[ZHUKHZZ\YHUJLVUPU[LYUHSJVU[YVSZ -VYLMMLJ[P]LNV]LYUHUJL[OL)VHYKZVM Z\IZPKPHYPLZ^LYLZ[YLUN[OLULK^P[O3LNHSHUK -PUHUJL[LHTZH[LHJOSVJH[PVUWHY[PJPWH[PUN PU[OLZ\IZPKPHY`NV]LYUHUJLYL]PL^WYVJLZZ ;OLTH[LYPHSJVU[LU[ZVM[OLTPU\[LZVM )VHYK4LL[PUNZVMHSS0UKPHUHZ^LSSHZMVYLPNU Z\IZPKPHYPLZVM[OL*VTWHU`HYLWSHJLKILMVYL [OL)VHYKVM+PYLJ[VYZVM[OL*VTWHU`;OL *VTWHU`OHZHSZVLZ[HISPZOLKHTLJOHUPZT [OYV\NO^OPJOÃ&#x201E;UHUJPHSJVUJLYUZTH[LYPHS KLMH\S[ZZOV^JH\ZLUV[PJLZKHUNLYV\Z VJJ\YYLUJLZWYVK\J[SPHIPSP[`JSHPTZZPNUPÃ&#x201E;JHU[ KL]LSVWTLU[ZPUO\THUYLZV\YJLZTHQVY Ã&#x201E;UHUJPHSKLJPZPVUZHUKZPTPSHYZPNUPÃ&#x201E;JHU[ HJ[PVUZKLJPZPVUZVMHSSZ\IZPKPHY`JVTWHUPLZ HYLYLWVY[LK[V[OL*VTWHU`»Z)VHYKVM +PYLJ[VYZ0UHKKP[PVU[OLPU[LYUHSJVU[YVS

CEO / CFO Certification -VY-@4Y3+LTVY[PLY*,6HUK 4HUHNPUN+PYLJ[VYHUK4Y4(JOHY`H*OPLM -PUHUJPHS6MÃ&#x201E;JLYOH]LJLY[PÃ&#x201E;LK[V[OL)VHYK ^P[OYLZWLJ[[V[OLÃ&#x201E;UHUJPHSZ[H[LTLU[Z PU[LYUHSJVU[YVSZHUKV[OLYTH[[LYZHZYLX\PYLK I`*SH\ZL VM[OL3PZ[PUN(NYLLTLU[^P[O :[VJR,_JOHUNLZHUK[OLZHPK*LY[PÃ&#x201E;JH[LPZ JVU[HPULKPU[OPZ(UU\HS9LWVY[

Auditorsâ&#x20AC;&#x2122; Certificate on Corporate Governance ;OL*VTWHU`OHZVI[HPULKHJLY[PÃ&#x201E;JH[L MYVT[OL(\KP[VYZVM[OL*VTWHU`YLNHYKPUN JVTWSPHUJL^P[O[OLWYV]PZPVUZYLSH[PUN [V*VYWVYH[L.V]LYUHUJLMVY-@ HZWYLZJYPILKI`*SH\ZL VM[OL3PZ[PUN (NYLLTLU[^P[O:[VJR,_JOHUNLZ^OPJOPZ H[[HJOLKOLYL^P[O

Report on Corporate Governance ;OPZ*OHW[LYYLHK[VNL[OLY^P[O[OLPUMVYTH[PVU NP]LUPU[OLJOHW[LY[P[SLK¸(KKP[PVUHS :OHYLOVSKLY0UMVYTH[PVU¹JVUZ[P[\[LZ[OL *VTWSPHUJL9LWVY[VU*VYWVYH[L.V]LYUHUJL MVY-@

C O R P O R AT E G O V E R N A N C E

75


ADDITIONAL SHAREHOLDER INFORMATION

Annual General Meeting

Unclaimed Dividends

+H[L

Swatantryaveer Savarkar Rashtriya Smarak

+P]PKLUKZWLY[HPUPUN[V[OLÃ&#x201E;UHUJPHS`LHYZ [V^OPJOYLTHPU \UJSHPTLKMVYHWLYPVKVMZL]LU`LHYZ^PSS IL[YHUZMLYYLK[V[OL0U]LZ[VY,K\JH[PVUHUK 7YV[LJ[PVU-\UK;VLUHISL[OL4LTILYZ[V JSHPT[OLPYKP]PKLUKILMVYLP[Z[YHUZMLY[V[OL HIV]L-\UK[OLWYVWVZLKKH[LZVM[YHUZMLYHYL NP]LUILSV^!

-SVVY =LLY:H]HYRHY4HYN :OP]HQP7HYR+HKHY 4\TIHP

Date of Declaration of Dividend

Due Date for Transfer to the Investor Education and Protection Fund

6J[VILY 1HU\HY` 4HYJO 6J[VILY 1HU\HY`  4HYJO  6J[VILY  1HU\HY` 6J[VILY 1HU\HY` 4HYJO  6J[VILY 1HU\HY` 4HYJO 1\S` 5V]LTILY (\N\Z[ 5V]LTILY  1HU\HY`

 5V]LTILY 4HYJO (WYPS 5V]LTILY -LIY\HY` (WYPS 5V]LTILY -LIY\HY` 5V]LTILY -LIY\HY` (WYPS 5V]LTILY 4HYJO (WYPS  (\N\Z[ 5V]LTILY :LW[LTILY +LJLTILY -LIY\HY`

Tuesday, 5 August 2014 ;PTL

3.00 p.m =LU\L

Financial Calendar -PYZ[8\HY[LY9LZ\S[Z

End July / First fortnight of August :LJVUK8\HY[LY9LZ\S[Z

End October / First fortnight of November ;OPYK8\HY[LY9LZ\S[Z

End January / First fortnight of February 3HZ[8\HY[LY9LZ\S[ZHUK (UU\HS(\KP[LK9LZ\S[Z

April / May +H[LZVM)VVR*SVZ\YL

1 August 2014 to 5 August 2014 ;OL9LNPZ[LYVM4LTILYZHUK:OHYL;YHUZMLY )VVRZVM[OL*VTWHU`^PSSYLTHPUJSVZLK MYVT-YPKH`(\N\Z[[V;\LZKH` (\N\Z[IV[OKH`ZPUJS\ZP]L

76

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


Audit and Risk Committee Committe focused on a carefully chose chosen review plan addressin addressing internal control processes processe

:[H[VYJVPSTV\U[PUNWYVJLZZVU H9V[H[PUN4HJOPUL

A D D I T I O N A L S H A R E H O L D E R I N F O R M AT I O N

77


Registrar and Agents For Shares ;OL*VTWHU`»Z9 ;(NLU[PZ+H[HTH[PJZ -PUHUJPHS:LY]PJLZ3PTP[LK+H[HTH[PJZ -PUHUJPHS:LY]PJLZ3PTP[LKPZH:,)0YLNPZ[LYLK 9LNPZ[YHYHUK;YHUZMLY(NLU[^OVZLJVU[HJ[ KL[HPSZHYL!

Market Price Data The Stock Exchange, Mumbai 1ST TRADING DAY OF THE MONTH

M ONTH

HIGHE S T O F T HE MO NT H (RS .)

L O W E S T O F T HE MO NT H (RS .) C L O S ING ( RS .)

(WYPS



Datamatics Financial Services Ltd

4H`







  

Unit*YVTW[VU.YLH]LZ3PTP[LK 7SV[5V)7HY[)*YVZZSHUL 40+*4HYVS(UKOLYP,HZ[4\TIHP  Tel  [V Fax   EmailJNPU]LZ[VYZ'KMZZSJVT

1\UL

 



 

  

1\S`





 

 

(\N\Z[







 







 

For Fixed Deposits ;OL*VTWHU`OHZKPZJVU[PU\LKHJJLW[HUJL VMMYLZOKLWVZP[ZHUKHSZVYLUL^HSVML_PZ[PUN KLWVZP[Z-VYHU`X\LYPLZYLNHYKPUN\UJSHPTLK Ã&#x201E;_LKKLWVZP[Z[YHUZMLYYLK[V[OL0U]LZ[VY ,K\JH[PVU7YV[LJ[PVU-\UKPU]LZ[VYZHYL YLX\LZ[LK[VJVU[HJ[! 4Y(UHU[5HPR *VYWVYH[L(JJV\U[Z *YVTW[VU.YLH]LZ3PTP[LK 2HUQ\Y4HYN,HZ[ 4\TIHP Tel   Fax   EmailHUHU[UHPR'JNNSVIHSJVT

Share Transfer System ;OL*VTWHU`»ZZOHYLZHYLJVTW\SZVYPS`[YHKLK PUKLTH[LYPHSPZLKMVYT0U[OLJHZLVM[YHUZMLYZ PUWO`ZPJHSMVYT^OPJOHYLSVKNLKH[[OL 9LNPZ[YHYHUK;YHUZMLY(NLU[»ZVMÃ&#x201E;JL[OLZLHYL WYVJLZZLK^P[OPUHTH_PT\TWLYPVKVMKH`Z MYVT[OLKH[LVMYLJLPW[ (SSZOHYL[YHUZMLYZHUKV[OLYZOHYLYLSH[LK PZZ\LZHYLHWWYV]LKI`H+PYLJ[VYVYI`H:LUPVY ,_LJ\[P]LK\S`H\[OVYPZLKI`[OL)VHYK+\YPUN -@HWWYV]HSZ^LYLVI[HPULK;OL[V[HS U\TILYVMZOHYLZPUWO`ZPJHSMVYT[YHUZMLYYLK K\YPUN[OL`LHY\UKLYYL]PL^^HZZOHYLZ

Dematerialisation of Shares (ZVU4HYJO  VM[OL[V[HS ZOHYLZVM[OL*VTWHU`^LYLKLTH[LYPHSPZLK JVTWHYLK^P[O  SHZ[`LHY

:LW[LTILY

 

6J[VILY







 

 



 



+LJLTILY









1HU\HY`





 



-LIY\HY`

 

  



 

4HYJO





(ZVU4HYJO

[OL+LWVZP[VY`,HJO.+9VM[OL*VTWHU` PZLX\P]HSLU[[VÃ&#x201E;]LZOHYLZ(ZVU4HYJO .+9Z^LYLV\[Z[HUKPUN^OPJO YLWYLZLU[LK\UKLYS`PUNLX\P[`ZOHYLZ

Stock Codes ):,4\TIHP

500093 5H[PVUHS:[VJR,_JOHUNL

CROMPGREAV .+9

5090318 0:05

INE067A01029 (NSDL & CDSL) *VYWVYH[L0KLU[PÃ&#x201E;JH[PVU5\TILY

L99999MH1937PLC002641

Listing Details ;OL*VTWHU`»ZZOHYLZHYLSPZ[LKHUK[YHKLK VU[OL4\TIHPHUK5H[PVUHS:[VJR,_JOHUNLZ ;OL*VTWHU`»Z.+9ZHYLSPZ[LKVU[OL3VUKVU :[VJR,_JOHUNL ;OLKL[HPSZVM[OL:[VJR,_JOHUNLZVU^OPJO [OL*VTWHU`»ZZOHYLZHYLSPZ[LKHYL!

The Stock Exchange, Mumbai

;OL*VTWHU`PZZ\LK.+9ZPU HUK [OL\UKLYS`PUNZOHYLZMVYLHJO.+9^LYL PZZ\LKPU[OLUHTLVM;OL)HURVM5L^@VYR

7OPYVaL1LLQLLIOV`;V^LYZ +HSHS:[YLL[ 4\TIHP

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4



5V]LTILY

Global Depository Receipts (GDRs)

78



SENSEX



 

:OHYL7YPJL

:LUZL_

 



National Stock Exchange of India Ltd ,_JOHUNL7SHaH )HUKYH2\YSH*VTWSL_ )HUKYH, 4\TIHP ;OL*VTWHU`»ZWH`TLU[VMSPZ[PUNMLLZPZ\W[VKH[L

Plant Locations +L[HPSLKPUMVYTH[PVUVU7SHU[SVJH[PVUZ WYVK\J[ZLZ[HISPZOTLU[ZHUKZLY]PJLJLU[YLZ ^P[O[OLPYJVU[HJ[KL[HPSZPZWYV]PKLKH[[OLLUK VM[OL(UU\HS9LWVY[

Address for Correspondence Corporate Secretarial Department ;OL*VYWVYH[L:LJYL[HYPHS+LWHY[TLU[PZ SVJH[LKH[[OL*VTWHU`»Z/LHK6MÃ&#x201E;JLH[[O -SVVY*./V\ZL+Y(UUPL)LZHU[9VHK>VYSP 4\TIHP

Investor Services Department 0UHKKP[PVU[V[OL:OHYL9LNPZ[YHYHUK;YHUZMLY (NLU[V\Y0U]LZ[VY:LY]PJLZ+LWHY[TLU[ ^OPJOPZSVJH[LKH[[OL*VTWHU`»Z9LNPZ[LYLK 6MÃ&#x201E;JL^PSSILOHWW`[VHZZPZ[PUJHZLPU]LZ[VYZ L_WLYPLUJLHU`KPMÃ&#x201E;J\S[PLZPU[OLPYPU[LYHJ[PVU ^P[O+H[HTH[PJZ-PUHUJPHS:LY]PJLZ3PTP[LK *VU[HJ[7LYZVU! 4Y:OPYPZO([OHSLRHY +LW\[`4HUHNLY*VYWVYH[L:LJYL[HYPHS


Time WT[VWT4VUKH`Z[V-YPKH`Z Tel  Fax  EmailZOPYPZOH[OHSLRHY'JNNSVIHSJVT

Share performance vs BSE Sensex Crompton Greaves Share Price and BSE Sensex = 100 on 1 April 2013



Non-Mandatory Requirements ;OL*VTWHU`OHZPTWSLTLU[LK[OLMVSSV^PUN UVUTHUKH[VY`YLX\PYLTLU[ZYLJVTTLUKLK I`*SH\ZL VM[OL3PZ[PUN(NYLLTLU[!

Chairmanâ&#x20AC;&#x2122;s and Vice-Chairmanâ&#x20AC;&#x2122;s Office



6MÃ&#x201E;JLZ^P[OYLX\PZP[LMHJPSP[PLZHYLWYV]PKLK HUKTHPU[HPULKH[[OL*VTWHU`»ZL_WLUZLMVY \ZLI`[OL*OHPYTHUHUK=PJL*OHPYTHUVM [OL*VTWHU`;OL*VTWHU`HSZVYLPTI\YZLZ HSSL_WLUZLZPUJ\YYLKPU[OLPYM\Y[OLYPUN[OL *VTWHU`»ZI\ZPULZZPU[LYLZ[Z



:OHYL7YPJL ):,:LUZL_

Remuneration Committee 4(9*/

 (7903

Distribution Of Shareholding

Financial Results

As on 31 March 2014 NO OF SHARES

NO OF SHAREHOLDERS

% OF SHAREHOLDERS





¶





¶





¶

 



<W[V

¶





¶





¶ HUKHIV]L

(9LT\ULYH[PVU*VTTP[[LLJVTWYPZPUN[OYLL 5VU,_LJ\[P]L+PYLJ[VYZPZHSYLHK`M\UJ[PVUHS MVYYL]PL^HUKKLJPZPVUZVU[OLYLT\ULYH[PVU WHJRHNLVM[OL*,6HUK4HUHNPUN+PYLJ[VY







 





Categories of Shareholders

-PUHUJPHSYLZ\S[ZHZW\ISPZOLKPU[OL UL^ZWHWLYZHYLTHKLH]HPSHISL[V[OL 4LTILYZVUYLX\LZ[;OLZLYLZ\S[ZHYLHSZV ZLU[I`LTHPS[V[OVZL4LTILYZ^OVOH]L WYV]PKLK[OLPYLTHPSPKZ[V[OL*VTWHU` +LWVZP[VY`7HY[PJPWHU[Z

Whistle Blower Policy ;OL*VTWHU`OHZHKLKPJH[LKLTHPSPK HKKYLZZLK[V[OL*,6HUK4HUHNPUN+PYLJ[VY MVYLUHISPUNLTWSV`LLZ[VYLWYLZLU[JVUJLYUZ HIV\[\UL[OPJHSWYHJ[PJLZMYH\KVY]PVSH[PVUVM [OL*VTWHU`»Z*VKLVM)\ZPULZZ7YHJ[PJLZ ;OPZTLKP\TWYV]PKLZZ\MÃ&#x201E;JPLU[ZHMLN\HYKZ HNHPUZ[]PJ[PTPZH[PVUVMLTWSV`LLZ^OVYLWVY[ Z\JOTH[[LYZ

As on 31 March 2014

6UILOHSMVM[OL)VHYKVM+PYLJ[VYZ CATEGORY

NO OF SHARES OF RS. 2/- EACH

% OF SHAREHOLDERS

7YVTV[LYZ





 



0UKPHU0UZ[P[\[PVUHS0U]LZ[VYZ )VKPLZ*VYWVYH[L -VYLPNU0UZ[P[\[PVUHS0U]LZ[VYZ 590Z6*)Z.+9Z





 

 

 



4\[\HS-\UKZ

 



.LULYHS7\ISPJ













+PYLJ[VYZ

.;OHWHY */(094(5 4\TIHP 4H`

A D D I T I O N A L S H A R E H O L D E R I N F O R M AT I O N

79


CEO & CFOâ&#x20AC;&#x2122;S Certificate on Corporate Governance

Auditorâ&#x20AC;&#x2122;s Certificate on Corporate Governance

;V ;OL)VHYKVM+PYLJ[VYZ *YVTW[VU.YLH]LZ3PTP[LK >LOH]LYL]PL^LK[OL:[HUKHSVULHUK*VUZVSPKH[LKÃ&#x201E;UHUJPHSYLZ\S[Z HUK[OLJHZOÃ&#x2026;V^Z[H[LTLU[VM*YVTW[VU.YLH]LZ3PTP[LK[OL *VTWHU`MVY[OLÃ&#x201E;UHUJPHS`LHYLUKLK4HYJOHUKJLY[PM`[OH[!

;V ;OL4LTILYZ *YVTW[VU.YLH]LZ3PTP[LK *./V\ZL +Y(UUPL)LZHU[9VHK >VYSP 4\TIHP

H;OLZLYLZ\S[ZHUKZ[H[LTLU[Z[V[OLILZ[VMV\YRUV^SLKNLHUK

+LHY:PYZ

ILSPLM! P KVUV[JVU[HPUHU`TH[LYPHSS`\U[Y\LZ[H[LTLU[VYVTP[HU`TH[LYPHS MHJ[VYJVU[HPUZ[H[LTLU[Z[OH[TPNO[ILTPZSLHKPUN" PPWYLZLU[H[Y\LHUKMHPY]PL^VM[OL*VTWHU`»ZHMMHPYZHUKHYLPU JVTWSPHUJL^P[OL_PZ[PUNHJJV\U[PUNZ[HUKHYKZHWWSPJHISLSH^ZHUK YLN\SH[PVUZ I;V[OLILZ[VMV\YRUV^SLKNLHUKILSPLM[OLYLHYLUV[YHUZHJ[PVUZ

LU[LYLKPU[VI`[OL*VTWHU`K\YPUN[OL`LHY^OPJOHYLMYH\K\SLU[ PSSLNHSVY]PVSH[P]LVM[OL*VTWHU`»Z*VKLVM*VUK\J[ J>LHJJLW[YLZWVUZPIPSP[`MVYLZ[HISPZOPUNHUKTHPU[HPUPUNPU[LYUHS JVU[YVSZHUKOH]LL]HS\H[LK[OLLMMLJ[P]LULZZVM[OLPU[LYUHSJVU[YVS Z`Z[LTZVM[OL*VTWHU`HUKOH]LKPZJSVZLK[V[OL(\KP[VYZHUK[OL (\KP[*VTTP[[LLKLÃ&#x201E;JPLUJPLZPU[OLKLZPNUVYVWLYH[PVUVMPU[LYUHS JVU[YVSZVM^OPJO^LHYLH^HYLHUK[OLZ[LWZ[HRLUHUKWYVWVZLK[V IL[HRLU[VYLJ[PM`[OLZLKLÃ&#x201E;JPLUJPLZ K>LOH]LHSZVPUKPJH[LK[V[OL(\KP[VYZHUK[OL(\KP[*VTTP[[LL!

>LOH]LL_HTPULK[OLJVTWSPHUJLVMJVUKP[PVUZVM*VYWVYH[L .V]LYUHUJLI`*YVTW[VU.YLH]LZ3PTP[LKMVY[OL`LHYLUKLK 4HYJOHZZ[PW\SH[LKPU*SH\ZL VM[OL3PZ[PUN(NYLLTLU[ LU[LYLKPU[VI`[OL*VTWHU`^P[O[OL:[VJR,_JOHUNLZ ;OLJVTWSPHUJLVMJVUKP[PVUZVM*VYWVYH[L.V]LYUHUJLPZ[OL YLZWVUZPIPSP[`VM[OL4HUHNLTLU[6\YL_HTPUH[PVU^HZSPTP[LK[VH YL]PL^VM[OLWYVJLK\YLZHUKPTWSLTLU[H[PVUZ[OLYLVMHKVW[LKI`[OL *VTWHU`MVYLUZ\YPUNJVTWSPHUJL^P[O[OLJVUKP[PVUZVM*VYWVYH[L .V]LYUHUJLHZZ[PW\SH[LKPU[OLZHPKJSH\ZLZ0[PZULP[OLYHUH\KP[UVYHU L_WYLZZPVUVMVWPUPVUVU[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZVM[OL*VTWHU` 0UV\YVWPUPVUHUK[V[OLILZ[VMV\YPUMVYTH[PVUHUKHJJVYKPUN[V[OL L_WSHUH[PVUZNP]LU[V\ZHUK[OLYLWYLZLU[H[PVUZTHKLI`[OL+PYLJ[VYZ HUK[OL4HUHNLTLU[^LJLY[PM`[OH[[OL*VTWHU`OHZJVTWSPLK^P[O [OLJVUKP[PVUZVM*VYWVYH[L.V]LYUHUJLHZZ[PW\SH[LKPU*SH\ZL VM [OLHIV]LTLU[PVULK3PZ[PUN(NYLLTLU[ >LM\Y[OLYZ[H[L[OH[Z\JOJVTWSPHUJLPZULP[OLYHUHZZ\YHUJLHZ[V [OLM\[\YL]PHIPSP[`VM[OL*VTWHU`UVYVM[OLLMÃ&#x201E;JPLUJ`VYLMMLJ[P]LULZZ ^P[O^OPJO[OL4HUHNLTLU[OHZJVUK\J[LK[OLHMMHPYZVM[OL*VTWHU`

P ZPNUPÃ&#x201E;JHU[JOHUNLZPU[OLPU[LYUHSJVU[YVSZ^P[OYLZWLJ[[VÃ&#x201E;UHUJPHS

YLWVY[PUNK\YPUN[OL`LHYHUK[OLHJOPL]LTLU[VMHKLX\H[LPU[LYUHS JVU[YVSZ^P[OPU[OL*VTWHU`»Z,97Z`Z[LTZ" PPZPNUPÃ&#x201E;JHU[JOHUNLZPUHJJV\U[PUNWVSPJPLZK\YPUN[OL`LHYHUK[OLZL OH]LILLUKPZJSVZLKPU[OLUV[LZ[V[OLÃ&#x201E;UHUJPHSZ[H[LTLU[Z L;V[OLILZ[VMV\YRUV^SLKNLHUKILSPLM[OLYLHYLUVPUZ[HUJLZVM

ZPNUPÃ&#x201E;JHU[MYH\KPU]VS]PUNLP[OLY[OL4HUHNLTLU[VYLTWSV`LLZOH]PUN HZPNUPÃ&#x201E;JHU[9VSLPU[OL*VTWHU`»ZPU[LYUHSJVU[YVSZ`Z[LTZ^P[O YLZWLJ[[VÃ&#x201E;UHUJPHSYLWVY[PUN 3+LTVY[PLY *,6 4(5(.05.+09,*;69 4(JOHY`H */0,--05(5*0(36--0*,9 4\TIHP 4H`

80

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

-VY:OHYW ;HUUHU */(9;,9,+(**6<5;(5;: 9LNPZ[YH[PVU5V > 47OHKRL 7(9;5,9 4LTILYZOPW5V 4\TIHP 4H`


Declaration of Compliance with Code of Conduct ;OPZPZ[VJLY[PM`[OH[HSS[OL4LTILYZVM[OL)VHYKVM+PYLJ[VYZHUK :LUPVY4HUHNLTLU[PLVULSL]LSILSV^[OL,_LJ\[P]L+PYLJ[VYZPL ,_*VTSL]LSVM[OL*VTWHU`OH]LJVUÃ&#x201E;YTLKJVTWSPHUJL^P[O[OL *VTWHU`»Z*VKLVM*VUK\J[K\YPUN(WYPS[V4HYJO ;OL*VTWHU`»Z*VKLYLX\PYLZL]LY`4LTILYVM[OL)VHYKHUK:LUPVY 4HUHNLTLU[[V! R -\SÃ&#x201E;SS[OLM\UJ[PVUZVM[OLPYVMÃ&#x201E;JL^P[OPU[LNYP[`HZ^LSSHZ WYVMLZZPVUHSPZTHUKL_LYJPZL[OLWV^LYZH[[HJOLK[OLYL[V^P[OK\L JHYLHUKKPSPNLUJL R (J[PU[OLILZ[PU[LYLZ[ZVMHUKM\SÃ&#x201E;SS[OLPYÃ&#x201E;K\JPHY`VISPNH[PVUZ[V[OL *VTWHU`»ZZOHYLOVSKLYZ^OPSZ[HSZVJVUZPKLYPUN[OLPU[LYLZ[ZVMV[OLY Z[HRLOVSKLYZ R ;HRLPUMVYTLKI\ZPULZZKLJPZPVUZIHZLKVUPUKLWLUKLU[Q\KNTLU[ HUKPU[OLILZ[PU[LYLZ[ZVM[OL*VTWHU`UV[PUÃ&#x2026;\LUJLKI`WLYZVUHS PU[LYLZ[VYNHPU R 9LZWLJ[[OLJVUÃ&#x201E;KLU[PHSP[`VMPUMVYTH[PVUHUK\ZL\[TVZ[KPZJYL[PVU ^OPSZ[KLJPKPUNP[ZKPZJSVZ\YLVYKPZZLTPUH[PVULUZ\YPUN[OH[UV WLYZVUHSHK]HU[HNLVYKL[YPTLU[[V[OL*VTWHU`YLZ\S[ZMYVT[OL ZHTL R 4HRLH]HPSHISL[VHUKZOHYLPUMVYTH[PVU^P[OMLSSV^+PYLJ[VYZ ,_LJ\[P]LZ^OLUJVUZPKLYLKL_WLKPLU[PU[OLILZ[PU[LYLZ[ZVM[OL *VTWHU` R 7YV[LJ[HUK\ZL[OL*VTWHU`»ZHZZL[ZMVYSLNP[PTH[LI\ZPULZZ W\YWVZLZHUKILHSLY[[VZP[\H[PVUZ[OH[JV\SKSLHK[VSVZZVYTPZ\ZLVM [OLZLHZZL[Z R 4PUPTPZLHU`ZP[\H[PVUVYHJ[PVU[OH[JHUJYLH[LJVUÃ&#x2026;PJ[VMPU[LYLZ[Z VM[OL*VTWHU`]PZn]PZWLYZVUHSPU[LYLZ[VYPU[LYLZ[ZVMHZZVJPH[LK WLYZVUZHUKTHRLHKLX\H[LKPZJSVZ\YLZ^OLYLULJLZZHY` R (J[PUHTHUULY[OH[^PSSWYV[LJ[[OL*VTWHU`»ZYLW\[H[PVU R ,UJV\YHNLYLWVY[PUNVMILOH]PV\Y^OPJOPZJVU[YHY`[V[OL *VTWHU`»Z¸=HS\LZ¹HUKLUZ\YL[OH[[OLWLYZVUYLWVY[PUNZ\JO ]PVSH[PVUPZUV[HNNYPL]LKPUHU`THUULY R *VTWS`PUSL[[LYHUKZWPYP[^P[OHSSHWWSPJHISLSH^ZY\SLZHUK YLN\SH[PVUZHUKHSZVOVUV\Y[OLWOPSVZVWO`VM¸NVVKMHP[O¹N\PKLKI` VUL»ZZLUZLVMYPNO[HUK^YVUN R (IPKLI`[OLYLSL]HU[[LYTZVM[OL0UZPKLY;YHKPUN*VKLMVYT\SH[LK I`[OL*VTWHU`HUKHU`V[OLY*VKL[OH[TH`ILMVYT\SH[LKMYVT[PTL [V[PTLHZHWWSPJHISL R (KOLYL[V[OL[LYTZVM[OLWV^LYZKLSLNH[LKI`[OL)VHYK R >OPSZ[LU[LYPUNPU[VJVU[YHJ[Z^P[O:LY]PJL7YV]PKLYZHUK *VUZ\S[HU[ZWYV[LJ[[OLHYYHUNLTLU[MVYKPZJSVZ\YLVYKPZZLTPUH[PVUVM JVUÃ&#x201E;KLU[PHSPUMVYTH[PVU R ,Z[HISPZOWYVJLZZLZHUKZ`Z[LTZMVYZ[VYHNLYL[YPL]HSHUK

KPZZLTPUH[PVUVMKVJ\TLU[ZIV[OPUWO`ZPJHSHUKLSLJ[YVUPJMVYTZV [OH[[OLVISPNH[PVUZVM[OPZ*VKLVM*VUK\J[HYLM\SÃ&#x201E;SSLK R 9HPZLJVUJLYUZPMHU`VU[OLHIV]LPZZ\LZH[H)VHYK4LL[PUN 3+LTVY[PLY *,6 4(5(.05.+09,*;69 4\TIHP 4H`

A D D I T I O N A L S H A R E H O L D E R I N F O R M AT I O N

81


STAND-ALONE FINANCIALS

82

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


INDEPENDENT AUDITORSâ&#x20AC;&#x2122; REPORT

TO THE MEMBERS OF CROMPTON GREAVES LIMITED

Report on the Financial Statements

Opinion

>LOH]LH\KP[LK[OLHJJVTWHU`PUNÃ&#x201E;UHUJPHSZ[H[LTLU[ZVMCrompton

0UV\YVWPUPVUHUK[V[OLILZ[VMV\YPUMVYTH[PVUHUKHJJVYKPUN[V[OL L_WSHUH[PVUZNP]LU[V\Z[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZNP]L[OLPUMVYTH[PVU YLX\PYLKI`[OL*VTWHUPLZ(J[ PU[OLTHUULYZVYLX\PYLKHUK NP]LH[Y\LHUKMHPY]PL^PUJVUMVYTP[`^P[O[OLHJJV\U[PUNWYPUJPWSLZ NLULYHSS`HJJLW[LKPU0UKPH!

Greaves Limited[OLº*VTWHU`»^OPJOJVTWYPZL[OL)HSHUJL:OLL[ HZH[Z[4HYJO[OL:[H[LTLU[VM7YVÃ&#x201E;[HUK3VZZHUK[OL*HZO -SV^:[H[LTLU[MVY[OL`LHY[OLULUKLKHUKHZ\TTHY`VMZPNUPÃ&#x201E;JHU[ HJJV\U[PUNWVSPJPLZHUKV[OLYL_WSHUH[VY`PUMVYTH[PVU Managementâ&#x20AC;&#x2122;s Responsibility for the Financial Statements 4HUHNLTLU[ PZ YLZWVUZPISL MVY [OL WYLWHYH[PVU VM [OLZL Ã&#x201E;UHUJPHS Z[H[LTLU[Z [OH[ NP]L H [Y\L HUK MHPY ]PL^ VM [OL Ã&#x201E;UHUJPHS WVZP[PVU Ã&#x201E;UHUJPHSWLYMVYTHUJLHUKJHZOÃ&#x2026;V^ZVM[OL*VTWHU`PUHJJVYKHUJL ^P[O [OL HJJV\U[PUN Z[HUKHYKZ YLMLYYLK [V PU :LJ[PVU * VM [OL *VTWHUPLZ (J[   YLHK ^P[O [OL .LULYHS *PYJ\SHY 5V

H PU [OL JHZL VM [OL )HSHUJL :OLL[ VM [OL Z[H[L VM HMMHPYZ VM [OL *VTWHU`HZH[Z[4HYJO" I PU[OLJHZLVM[OL:[H[LTLU[VM7YVÃ&#x201E;[HUK3VZZVM[OLWYVÃ&#x201E;[MVY[OL `LHYLUKLKVU[OH[KH[L"HUK J PUJHZLVM[OL*HZO-SV^:[H[LTLU[VM[OLJHZOÃ&#x2026;V^ZMVY[OL`LHY LUKLKVU[OH[KH[L Report on Other Legal and Regulatory Requirements 

(Z YLX\PYLK I` [OL *VTWHUPLZ (\KP[VY»Z 9LWVY[ 6YKLY  HUK HZ HTLUKLK I` [OL *VTWHUPLZ (\KP[VY»Z 9LWVY[ (TLUKTLU[ 6YKLY  [VNL[OLY [OL º6YKLY» PZZ\LK I` [OL *LU[YHS.V]LYUTLU[VM0UKPHPU[LYTZVM:LJ[PVU(VM[OL *VTWHUPLZ(J[ ^LNP]LPU[OL(UUL_\YLHZ[H[LTLU[VU [OLTH[[LYZZWLJPÃ&#x201E;LKPU*SH\ZLZHUKVM[OL6YKLY



(Z YLX\PYLK I` :LJ[PVU  VM [OL *VTWHUPLZ (J[   ^L YLWVY[[OH[!

KH[LK[O:LW[LTILYVM[OL4PUPZ[Y`VM*VYWVYH[L(MMHPYZ^P[O YLZWLJ[[V:LJ[PVUVM[OL*VTWHUPLZ(J[;OPZYLZWVUZPIPSP[` PUJS\KLZ [OL KLZPNU PTWSLTLU[H[PVU HUK THPU[LUHUJL VM PU[LYUHS JVU[YVS YLSL]HU[ [V [OL WYLWHYH[PVU HUK WYLZLU[H[PVU VM [OL Ã&#x201E;UHUJPHS Z[H[LTLU[Z [OH[ NP]L H [Y\L HUK MHPY ]PL^ HUK HYL MYLL MYVT TH[LYPHS TPZZ[H[LTLU[^OL[OLYK\L[VMYH\KVYLYYVY

H ^LOH]LVI[HPULKHSSPUMVYTH[PVUHUKL_WSHUH[PVUZ^OPJO[V [OLILZ[VMV\YRUV^SLKNLHUKILSPLM^LYLULJLZZHY`MVY[OL W\YWVZLZVMV\YH\KP["

Auditorâ&#x20AC;&#x2122;s Responsibility 6\Y YLZWVUZPIPSP[` PZ [V L_WYLZZ HU VWPUPVU VU [OLZL Ã&#x201E;UHUJPHS

I PUV\YVWPUPVUWYVWLYIVVRZVMHJJV\U[HZYLX\PYLKI`SH^ OH]LILLURLW[I`[OL*VTWHU`ZVMHYHZHWWLHYZMYVTV\Y L_HTPUH[PVUVM[OVZLIVVRZ"

Z[H[LTLU[ZIHZLKVUV\YH\KP[>LJVUK\J[LKV\YH\KP[PUHJJVYKHUJL ^P[O [OL :[HUKHYKZ VU (\KP[PUN PZZ\LK I` [OL 0UZ[P[\[L VM *OHY[LYLK

J [OL )HSHUJL :OLL[ [OL :[H[LTLU[ VM 7YVÃ&#x201E;[ HUK 3VZZ HUK [OL *HZO -SV^ :[H[LTLU[ KLHS[ ^P[O I` [OPZ YLWVY[ HYL PU HNYLLTLU[^P[O[OLIVVRZVMHJJV\U["

(JJV\U[HU[Z VM 0UKPH ;OVZL :[HUKHYKZ YLX\PYL [OH[ ^L JVTWS` ^P[O L[OPJHS YLX\PYLTLU[Z HUK WSHU HUK WLYMVYT [OL H\KP[ [V VI[HPU YLHZVUHISLHZZ\YHUJLHIV\[^OL[OLY[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZHYLMYLL

K PU V\Y VWPUPVU [OL )HSHUJL :OLL[ [OL :[H[LTLU[ VM 7YVÃ&#x201E;[ HUK 3VZZ HUK [OL *HZO -SV^ :[H[LTLU[ JVTWS` ^P[O [OL HJJV\U[PUN Z[HUKHYKZ YLMLYYLK [V PU :LJ[PVU  * VM [OL *VTWHUPLZ (J[   YLHK ^P[O [OL .LULYHS *PYJ\SHY 5V KH[LK [O :LW[LTILY  VM [OL 4PUPZ[Y` VM *VYWVYH[L (MMHPYZ ^P[O YLZWLJ[ [V :LJ[PVU  VM [OL *VTWHUPLZ(J["HUK

MYVTTH[LYPHSTPZZ[H[LTLU[ (U H\KP[ PU]VS]LZ WLYMVYTPUN WYVJLK\YLZ [V VI[HPU H\KP[ L]PKLUJL HIV\[ [OL HTV\U[Z HUK KPZJSVZ\YLZ PU [OL Ã&#x201E;UHUJPHS Z[H[LTLU[Z ;OL WYVJLK\YLZ ZLSLJ[LK KLWLUK VU [OL H\KP[VY»Z Q\KNTLU[ PUJS\KPUN [OLHZZLZZTLU[VM[OLYPZRZVMTH[LYPHSTPZZ[H[LTLU[VM[OLÃ&#x201E;UHUJPHS Z[H[LTLU[Z ^OL[OLY K\L [V MYH\K VY LYYVY 0U THRPUN [OVZL YPZR

L VU [OL IHZPZ VM [OL ^YP[[LU YLWYLZLU[H[PVUZ YLJLP]LK MYVT KPYLJ[VYZVM[OL*VTWHU`HZVUZ[4HYJOHUK[HRLU VUYLJVYKI`[OL)VHYKVM+PYLJ[VYZ^LYLWVY[[OH[UVULVM [OL KPYLJ[VYZ PZ KPZX\HSPÃ&#x201E;LK HZ VU Z[ 4HYJO  MYVT ILPUNHWWVPU[LKHZHKPYLJ[VYPU[LYTZVM:LJ[PVUN VM[OL*VTWHUPLZ(J[ 

HZZLZZTLU[Z [OL H\KP[VY JVUZPKLYZ PU[LYUHS JVU[YVS YLSL]HU[ [V [OL *VTWHU`»Z WYLWHYH[PVU HUK MHPY WYLZLU[H[PVU VM [OL Ã&#x201E;UHUJPHS Z[H[LTLU[ZPUVYKLY[VKLZPNUH\KP[WYVJLK\YLZ[OH[HYLHWWYVWYPH[LPU [OLJPYJ\TZ[HUJLZI\[UV[MVY[OLW\YWVZLVML_WYLZZPUNHUVWPUPVU VU [OL LMMLJ[P]LULZZ VM [OL *VTWHU`»Z PU[LYUHS JVU[YVS (U H\KP[

SHARP & TANNAN CHARTERED ACCOUNTANTS

HSZV PUJS\KLZ L]HS\H[PUN [OL HWWYVWYPH[LULZZ VM HJJV\U[PUN WVSPJPLZ \ZLK HUK [OL YLHZVUHISLULZZ VM [OL HJJV\U[PUN LZ[PTH[LZ THKL I`

-PYT»Z9LNPZ[YH[PVU5V

THUHNLTLU[ HZ ^LSS HZ L]HS\H[PUN [OL V]LYHSS WYLZLU[H[PVU VM [OL

>

I`[OLOHUKVM

Ã&#x201E;UHUJPHSZ[H[LTLU[Z 

>LILSPL]L[OH[[OLH\KP[L]PKLUJL^LOH]LVI[HPULKPZZ\MÃ&#x201E;JPLU[HUK



HWWYVWYPH[L[VWYV]PKLHIHZPZMVYV\YH\KP[VWPUPVU

4\TIHP [O4H`

Milind P. Phadke PARTNER 4LTILYZOPW5V

FI NA N C I A L S

83


ANNEXURE TO THE INDEPENDENT AUDITORSâ&#x20AC;&#x2122; REPORT

(REFERRED TO IN PARAGRAPH 1 OF OUR REPORT OF EVEN DATE)

P

H ;OL *VTWHU` PZ THPU[HPUPUN WYVWLY YLJVYKZ [V ZOV^ M\SS WHY[PJ\SHYZPUJS\KPUNX\HU[P[H[P]LKL[HPSZHUKZP[\H[PVUVMHSS Ã&#x201E;_LKHZZL[Z



I (ZL_WSHPULK[V\Z[OLZLÃ&#x201E;_LKHZZL[ZOH]LILLUWO`ZPJHSS` ]LYPÃ&#x201E;LK I` [OL THUHNLTLU[ PU HJJVYKHUJL ^P[O H WOHZLK WYVNYHTTL VM ]LYPÃ&#x201E;JH[PVU ^OPJO PU V\Y VWPUPVU PZ YLHZVUHISL JVUZPKLYPUN [OL ZPaL VM [OL *VTWHU` HUK UH[\YLVMP[ZHZZL[Z;OLMYLX\LUJ`VMWO`ZPJHS]LYPÃ&#x201E;JH[PVUPZ YLHZVUHISLHUKUVTH[LYPHSKPZJYLWHUJPLZ^LYLUV[PJLKVU Z\JO]LYPÃ&#x201E;JH[PVU



J ;OL*VTWHU`OHZUV[KPZWVZLKVMHU`Z\IZ[HU[PHSWHY[VMP[Z Ã&#x201E;_LKHZZL[ZK\YPUN[OL`LHYZVHZ[VHMMLJ[P[ZNVPUNJVUJLYU Z[H[\Z

PP

H (Z L_WSHPULK [V \Z [OL PU]LU[VYPLZ OH]L ILLU WO`ZPJHSS` ]LYPÃ&#x201E;LKI`[OLTHUHNLTLU[K\YPUN[OL`LHY0UV\YVWPUPVU [OLMYLX\LUJ`VMZ\JO]LYPÃ&#x201E;JH[PVUPZYLHZVUHISL



I (ZWLY[OLPUMVYTH[PVUNP]LU[V\Z[OLWYVJLK\YLZVMWO`ZPJHS ]LYPÃ&#x201E;JH[PVUVMPU]LU[VY`MVSSV^LKI`[OLTHUHNLTLU[HYLPU V\YVWPUPVUYLHZVUHISLHUKHKLX\H[LPUYLSH[PVU[V[OLZPaL VM[OL*VTWHU`HUK[OLUH[\YLVMP[ZI\ZPULZZ



J ;OL*VTWHU`PZTHPU[HPUPUNWYVWLYYLJVYKZVMPU]LU[VY`;OL KPZJYLWHUJPLZ UV[PJLK VU ]LYPÃ&#x201E;JH[PVU IL[^LLU [OL WO`ZPJHS Z[VJRZHUK[OLIVVRYLJVYKZ^OPJO^LYLUV[TH[LYPHSOH]L ILLUWYVWLYS`KLHS[^P[OPU[OLIVVRZVMHJJV\U[

PPP H (JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z [OL *VTWHU` OHZ UV[ NYHU[LK HU` SVHUZ ZLJ\YLK VY \UZLJ\YLK[VJVTWHUPLZÃ&#x201E;YTZHUKV[OLYWHY[PLZJV]LYLKPU [OLYLNPZ[LYTHPU[HPULK\UKLY:LJ[PVUVM[OL*VTWHUPLZ (J[   (JJVYKPUNS` *SH\ZLZ PPP I J HUK K VM [OL 6YKLYHYLUV[HWWSPJHISL[V[OL*VTWHU` 

I (JJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZNP]LU[V\Z [OL*VTWHU`OHZUV[[HRLUHU`SVHUZZLJ\YLKVY\UZLJ\YLK MYVT JVTWHUPLZ Ã&#x201E;YTZ HUK V[OLY WHY[PLZ JV]LYLK PU [OL YLNPZ[LY THPU[HPULK \UKLY :LJ[PVU  VM [OL *VTWHUPLZ (J[ (JJVYKPUNS`*SH\ZLZPPPMHUKNVM[OL6YKLY HYLUV[HWWSPJHISL[V[OL*VTWHU`

P] 0UV\YVWPUPVUHUKHJJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZ NP]LU [V \Z [OLYL PZ HKLX\H[L PU[LYUHS JVU[YVS Z`Z[LT JVTTLUZ\YH[L ^P[O [OL ZPaL VM [OL *VTWHU` HUK UH[\YL VM P[Z I\ZPULZZ MVY [OL W\YJOHZL VM PU]LU[VY` HUK Ã&#x201E;_LK HZZL[Z HUK MVY [OL ZHSL VM NVVKZ HUK ZLY]PJLZ +\YPUN [OL JV\YZL VM H\KP[ ^L OH]L ULP[OLY JVTL HJYVZZ UVY OH]L ILLU PUMVYTLK VM HU` JVU[PU\PUN MHPS\YL [V JVYYLJ[ THQVY ^LHRULZZLZ PU [OL HMVYLZHPK PU[LYUHSJVU[YVSZ`Z[LT

HWWSPJHISL OH]L ILLU JVTWSPLK ^P[O >L HYL PUMVYTLK [OH[ UV VYKLYOHZILLUWHZZLKI`[OL*VTWHU`3H^)VHYKVY5H[PVUHS *VTWHU`3H^;YPI\UHSVY9LZLY]L)HURVM0UKPHVYHU`*V\Y[VY HU`V[OLY;YPI\UHS ]PP 0U V\Y VWPUPVU [OL *VTWHU` OHZ HU PU[LYUHS H\KP[ Z`Z[LT JVTTLUZ\YH[L^P[OP[ZZPaLHUKUH[\YLVMP[ZI\ZPULZZ ]PPP >L OH]L IYVHKS` YL]PL^LK [OL IVVRZ VM HJJV\U[ HUK YLJVYKZ THPU[HPULK I` [OL *VTWHU` W\YZ\HU[ [V [OL Y\SLZ WYLZJYPILK I`[OL*LU[YHS.V]LYUTLU[MVY[OLTHPU[LUHUJLVMJVZ[YLJVYKZ \UKLY:LJ[PVU KVM[OL*VTWHUPLZ(J[ HUKHYLVM [OLVWPUPVU[OH[prima facie[OLWYLZJYPILKHJJV\U[ZHUKYLJVYKZ OH]LILLUTHKLHUKTHPU[HPULK;OLJVU[LU[ZVM[OLZLHJJV\U[Z HUKYLJVYKZOH]LUV[ILLUL_HTPULKI`\Z P_ H (JJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZNP]LU[V\Z PUV\YVWPUPVU[OL*VTWHU`OHZILLUYLN\SHYPUKLWVZP[PUN \UKPZW\[LKZ[H[\[VY`K\LZPUJS\KPUNWYV]PKLU[M\UKPU]LZ[VY LK\JH[PVUHUKWYV[LJ[PVUM\UKLTWSV`LLZZ[H[LPUZ\YHUJL PUJVTL[H_ZHSLZ[H_^LHS[O[H_ZLY]PJL[H_J\Z[VTK\[` L_JPZL K\[` JLZZ HUK V[OLY Z[H[\[VY` K\LZ HZ HWWSPJHISL ^P[O[OLHWWYVWYPH[LH\[OVYP[PLZ(JJVYKPUN[V[OLPUMVYTH[PVU HUKL_WSHUH[PVUZNP]LU[V\ZUV\UKPZW\[LKHTV\U[Z^LYL PUHYYLHYZHZH[Z[4HYJOMVYHWLYPVKVMTVYL[OHU ZP_TVU[OZMYVT[OLKH[L[OL`ILJVTLWH`HISL 

I (JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z HUK [OL YLJVYKZ VM [OL *VTWHU` L_HTPULK I` \Z [OL WHY[PJ\SHYZVMPUJVTL[H_ZHSLZ[H_ZLY]PJL[H_L_JPZLK\[` J\Z[VTK\[`HUKJLZZHZH[Z[4HYJO^OPJOOH]L UV[ILLUKLWVZP[LKVUHJJV\U[VMHKPZW\[LHYLHZ\UKLY!

5HTLVM[OL:[H[\[L

5H[\YLVM (TV\U[ [OLKPZW\[LK ` JYVYL K\LZ

;OL0UJVTL;H_(J[ ;H_PU[LYLZ[   HUKWLUHS[`

  

;OL*LU[YHS:HSLZ ;H_PU[LYLZ[ ;H_(J[ 3VJHS HUKWLUHS[` :HSLZ;H_(J[ZHUK >VYRZ*VU[YHJ[;H_ (J[



] H (JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z ^L HYL VM [OL VWPUPVU [OH[ [OL WHY[PJ\SHYZ VM JVU[YHJ[Z VY HYYHUNLTLU[Z [OH[ ULLK [V IL LU[LYLK PU [OL YLNPZ[LY THPU[HPULK\UKLY:LJ[PVUVM[OL*VTWHUPLZ(J[  OH]LILLUZVLU[LYLK 

I 0U V\Y VWPUPVU HUK HJJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZNP]LU[V\Z[OL[YHUZHJ[PVUZTHKLPUW\YZ\HUJL VM Z\JO JVU[YHJ[Z VY HYYHUNLTLU[Z LU[LYLK PU [OL YLNPZ[LY THPU[HPULK\UKLY:LJ[PVUVM[OL*VTWHUPLZ(J[  HUK L_JLLKPUN [OL ]HS\L VM Y\WLLZ Ã&#x201E;]L SHROZ PU YLZWLJ[ VM HU`WHY[`K\YPUN[OL`LHYOH]LILLUTHKLH[WYPJLZ^OPJO HYLYLHZVUHISLOH]PUNYLNHYK[V[OLWYL]HPSPUNTHYRL[WYPJLZ H[[OLYLSL]HU[[PTL

]P ;OL*VTWHU`OHZHJJLW[LKKLWVZP[ZMYVT[OLW\ISPJHUKPUV\Y VWPUPVUHUKHJJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZNP]LU [V\Z[OLKPYLJ[P]LZPZZ\LKI`[OL9LZLY]L)HURVM0UKPHHUK[OL WYV]PZPVUZVM:LJ[PVUZ(((HUKV[OLYYLSL]HU[WYV]PZPVUZVM [OL*VTWHUPLZ(J[ HUK[OLY\SLZMYHTLK[OLYL\UKLY^OLYL

84

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

;OL*LU[YHS,_JPZL (J[ [OL *\Z[VTZ(J[  HUK:LY]PJL[H_ \UKLY[OL-PUHUJL (J[ 

+\[` ZLY]PJL[H_ PU[LYLZ[HUK WLUHS[`

7LYPVK[V ^OPJO[OL HTV\U[ YLSH[LZ

-VY\T^OLYL KPZW\[LZHYL WLUKPUN

 *VTTPZZPVULYH[L  HUK (WWLHSZ              [V   

/PNO*V\Y[



      [V   [V  [V 





 [V 

*VTTPZZPVULYH[L (WWLHSZ



  [V 

/PNO*V\Y[



   [V  [V  







;YPI\UHS *,:;(;

*,:;(; ;YPI\UHS

[V *VTTPZZPVULYH[L  (WWLHSZ

UL[VMWYLKLWVZP[WHPKPUNL[[PUN[OLZ[H`HWWLHSHKTP[[LK


ANNEXURE TO THE INDEPENDENT AUDITORSâ&#x20AC;&#x2122; REPORT

(Contd.)

_ ;OL*VTWHU`OHZUVHJJ\T\SH[LKSVZZLZHZH[Z[4HYJO HUKP[OHZUV[PUJ\YYLKHU`JHZOSVZZLZPU[OLÃ&#x201E;UHUJPHS`LHYLUKLK VU[OH[KH[LHUKPU[OLPTTLKPH[LS`WYLJLKPUNÃ&#x201E;UHUJPHS`LHY _P (JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z [OL *VTWHU` OHZ UV[ KLMH\S[LK PU [OL YLWH`TLU[ VM K\LZ [V HU` Ã&#x201E;UHUJPHSPUZ[P[\[PVUZVYIHURZHZH[[OLIHSHUJLZOLL[KH[L;OL *VTWHU`OHZUV[PZZ\LKHU`KLILU[\YLZ _PP (JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z [OL *VTWHU` OHZ UV[ NYHU[LK HU` SVHUZ HUK HK]HUJLZ VU [OL IHZPZ VM ZLJ\YP[` I` ^H` VM WSLKNL VM ZOHYLZ KLILU[\YLZ HUK V[OLYZLJ\YP[PLZ(JJVYKPUNS`[OL*SH\ZL_PPVM[OL6YKLYPZUV[ HWWSPJHISL[V[OL*VTWHU` _PPP ;OL WYV]PZPVUZ VM HU` ZWLJPHS Z[H[\[L HWWSPJHISL [V JOP[ M\UK  UPKOP  T\[\HS ILULÃ&#x201E;[ M\UK  ZVJPL[PLZ HYL UV[ HWWSPJHISL [V [OL *VTWHU` _P] 0UV\YVWPUPVUHUKHJJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZ NP]LU[V\Z[OL*VTWHU`PZUV[KLHSPUNPUVY[YHKPUNPUZLJ\YP[PLZ ;OL *VTWHU` OHZ PU]LZ[LK Z\YWS\Z M\UK PU T\[\HS M\UKZ (JJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZNP]LU[V\ZWYVWLY YLJVYKZOH]LILLUTHKLVM[OL[YHUZHJ[PVUZHUKJVU[YHJ[ZHUK [PTLS`LU[YPLZOH]LILLUTHKL[OLYLPU;OLPU]LZ[TLU[ZPUT\[\HS M\UKZOH]LILLUOLSKI`[OL*VTWHU`PUP[ZV^UUHTL

_]PP(JJVYKPUN [V [OL PUMVYTH[PVU HUK L_WSHUH[PVUZ NP]LU [V \Z HUK VUV]LYHSSL_HTPUH[PVUVM[OLIHSHUJLZOLL[VM[OL*VTWHU`^L YLWVY[[OH[UVM\UKZYHPZLKVUZOVY[[LYTIHZPZOH]LILLU\ZLK MVYSVUN[LYTPU]LZ[TLU[Z _]PPP;OL*VTWHU`OHZUV[THKLHU`WYLMLYLU[PHSHSSV[TLU[VMZOHYLZ [VWHY[PLZVYJVTWHUPLZJV]LYLKPU[OLYLNPZ[LYTHPU[HPULK\UKLY :LJ[PVUVM[OL*VTWHUPLZ(J[ K\YPUN[OL`LHY _P_ ;OL *VTWHU` OHZ UV[ PZZ\LK HU` KLILU[\YLZ K\YPUN [OL `LHY (JJVYKPUNS`[OL*SH\ZL_P_VM[OL6YKLYPZUV[HWWSPJHISL[V[OL *VTWHU` __ ;OL *VTWHU` OHZ UV[ YHPZLK HU` TVUL` I` W\ISPJ PZZ\LZ K\YPUN[OL`LHY(JJVYKPUNS`[OL*SH\ZL__VM[OL6YKLYPZUV[ HWWSPJHISL[V[OL*VTWHU` __P +\YPUN[OLJV\YZLVMV\YL_HTPUH[PVUVMIVVRZHUKYLJVYKZVM[OL *VTWHU`JHYYPLKV\[PUHJJVYKHUJL^P[O[OLNLULYHSS`HJJLW[LK H\KP[PUN WYHJ[PJLZ PU 0UKPH HUK HJJVYKPUN [V [OL PUMVYTH[PVU HUKL_WSHUH[PVUZNP]LU[V\Z^LOH]LULP[OLYJVTLHJYVZZHU` PUZ[HUJLZVMTH[LYPHSMYH\KVU[OL*VTWHU`HUKUVMYH\KI`[OL *VTWHU`UV[PJLKVYYLWVY[LKK\YPUN[OL`LHYUVYOH]L^LILLU PUMVYTLKVMZ\JOJHZLI`[OLTHUHNLTLU[

SHARP & TANNAN

_] 0UV\YVWPUPVUHUKHJJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZ NP]LU [V \Z [OL [LYTZ HUK JVUKP[PVUZ VM N\HYHU[LL NP]LU I` [OL *VTWHU` MVY SVHUZ [HRLU I` V[OLYZ MYVT IHURZ VY Ã&#x201E;UHUJPHS PUZ[P[\[PVUZHYLUV[prima facieWYLQ\KPJPHS[V[OLPU[LYLZ[ZVM[OL *VTWHU` _]P 0UV\YVWPUPVUHUKHJJVYKPUN[V[OLPUMVYTH[PVUHUKL_WSHUH[PVUZ NP]LU[V\Z[OL[LYTSVHUZOH]LILLUHWWSPLKMVY[OLW\YWVZLZMVY ^OPJO[OL`^LYLVI[HPULK

CHARTERED ACCOUNTANTS -PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM 

 4\TIHP [O4H`

Milind P. Phadke PARTNER 4LTILYZOPW5V

FI NA N C I A L S

85


`JYVYL

BALANCE SHEET

AS AT 31ST MARCH, 2014

5V[L5V

(ZH[

(ZH[

125.35 3230.72

  

EQUITY AND LIABILITIES 1.

SHAREHOLDERS’ FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

 

3356.07 2.



NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ I +LMLYYLK[H_SPHIPSP[PLZUL[ J 6[OLYSVUN[LYTSPHIPSP[PLZ K 3VUN[LYTWYV]PZPVUZ

   

0.54 73.59 28.03 41.91

     144.07

3.



CURRENT LIABILITIES: H :OVY[[LYTIVYYV^PUNZ I ;YHKLWH`HISLZ J 6[OLYJ\YYLU[SPHIPSP[PLZ K :OVY[[LYTWYV]PZPVUZ

  

29.99 1563.07 362.95 130.30

TOTAL

     2086.31

 

5586.45

 

ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z  PP 0U[HUNPISLHZZL[Z  PPP*HWP[HS^VYRPUWYVNYLZZ  P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[ I5VUJ\YYLU[PU]LZ[TLU[Z J3VUN[LYTSVHUZHUKHK]HUJLZ

 

 

674.51 80.39 42.42 25.31 805.71

      

42.67

 1671.01

2.

 

CURRENT ASSETS: H *\YYLU[PU]LZ[TLU[Z I 0U]LU[VYPLZ J ;YHKLYLJLP]HISLZ K *HZOHUKIHURIHSHUJLZ L :OVY[[LYTSVHUZHUKHK]HUJLZ M 6[OLYJ\YYLU[HZZL[Z

     

TOTAL CONTINGENT LIABILITIES AND COMMITMENTS SIGNIFICANT ACCOUNTING POLICIES

20.63 557.78 1907.92 442.80 919.22

     

67.09

  3915.44

 

5586.45

 

 

9MJFHHTRUFS^NSLSTYJXKTWRFSNSYJLWFQUFWYTKÁSFSHNFQXYFYJRJSYX

(ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

86

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

4\TIHP [O4H`


`JYVYL

STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

5V[L5V

 



INCOME: :HSLZHUKZLY]PJLZ

7912.49

Less:,_JPZLK\[`

422.92

 

9L]LU\LMYVTVWLYH[PVUZ



7489.57

6[OLYPUJVTL



175.72



7665.29

 

TOTAL REVENUE



EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ



3617.52



7\YJOHZLZVMZ[VJRPU[YHKL



1993.21



*OHUNLZPUPU]LU[VYPLZVMÄUPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL



(12.77)



,TWSV`LLILULÄ[ZL_WLUZL



476.36



-PUHUJLJVZ[Z



39.76



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL



89.35



6[OLYL_WLUZLZ



749.41

 

TOTAL EXPENSES PROFIT BEFORE TAX



6952.84

 

712.45

 

TAX EXPENSE: 167.60

*\YYLU[[H_ +LMLYYLK[H_



PROFIT FOR THE YEAR ,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LK`



23.76

 191.36



521.09



8.23

 



-HJL]HS\LVMLX\P[`ZOHYLVM`LHJO SIGNIFICANT ACCOUNTING POLICIES



9MJFHHTRUFS^NSLSTYJXKTWRFSNSYJLWFQUFWYTKÁSFSHNFQXYFYJRJSYX

(ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

4\TIHP [O4H`

FI NA N C I A L S

87


`JYVYL

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH, 2014





712.45

 

89.35



[A] CASH FLOWS FROM OPERATING ACTIVITIES 5WTÁYGJKTWJYF]JX (KQ\Z[TLU[ZMVY! +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL (SSV^HUJLMVYKV\I[M\SKLI[ZHUKHK]HUJLZ

22.63

 

0U[LYLZ[L_WLUZLZ

39.76



(61.78)



0U[LYLZ[PUJVTL 0UJVTLMYVTPU]LZ[TLU[ZUL[ 7YVÄ[VUZHSLVMPU]LZ[TLU[ZUL[

(0.25)



(10.86)



<UYLHSPZLKL_JOHUNLNHPUSVZZUL[

(53.58)



7YVÄ[3VZZVUZHSLVMÄ_LKHZZL[ZUL[

(17.50)



7.77



4UJWFYNSLUWTÁYGJKTWJ\TWPNSLHFUNYFQHMFSLJX

720.22



(309.60)



(KQ\Z[TLU[ZMVY! 0UJYLHZL+LJYLHZLPU[YHKLHUKV[OLYYLJLP]HISLZ 0UJYLHZL+LJYLHZLPUPU]LU[VYPLZ 0UJYLHZL+LJYLHZLPU[YHKLHUKV[OLYWH`HISLZ 0UJYLHZL+LJYLHZLPUWYV]PZPVUZ

*HZO\ZLKPUMYVTVWLYH[PVUZ +PYLJ[[H_LZWHPKUL[VMYLM\UKZ Net cash (used in) / from operating activities 

[A]

(9.28)

  

(10.09)

 

15.41



(313.56)



406.66

 

(189.60)



217.06



20.87

 

[B] CASH FLOWS FROM INVESTING ACTIVITIES &II .SÂT\XKWTRNS[JXYNSLFHYN[NYNJX :HSLVMÄ_LKHZZL[Z :HSLVMPU]LZ[TLU[ZUL[ 0U[LYLZ[YLJLP]LK 0UJVTLYLJLP]LKMYVTPU]LZ[TLU[Z

490.71

 

61.80



0.25



573.63

 

(125.50)



Less:4ZYÂT\XKWTRNS[JXYNSLFHYN[NYNJX 7\YJOHZLVMÄ_LKHZZL[Z (KKP[PVUZVUHJJV\U[VMHJX\PZP[PVUVMI\ZPULZZ 0U]LZ[TLU[PUZ\IZPKPHYPLZ

Net Cash (used in) / from investing activities

88

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

[B]

(14.79)



(251.15)



(391.44)

  

182.19




`JYVYL

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH, 2013 (Contd.)





[C] CASH FLOWS FROM FINANCING ACTIVITIES &II .SÂT\XKWTRÁSFSHNSLFHYN[NYNJX 7YVJLLKZMYVTZOVY[[LYTIVYYV^PUNZUL[

17.06

 

17.06

 

(133.54)



Less:4ZYÂT\XKWTRÁSFSHNSLFHYN[NYNJX )\`IHJRVMZOHYLZ

(0.24)



+P]PKLUKZWHPK

(75.86)

 

(KKP[PVUHS[H_VUKP]PKLUK

(12.90)

 

9LWH`TLU[ZVMSVUN[LYTIVYYV^PUNZ

(39.76)



(262.30)

 

(245.24)



NET INCREASE / (DECREASE) IN CASH AND BANK BALANCES (A+B+C)

154.01



(FXMFSIGFSPGFQFSHJXFYGJLNSSNSLTKYMJ^JFW

288.79



(FXMFSIGFSPGFQFSHJXFYJSITKYMJ^JFW

442.80



0U[LYLZ[WHPK

[C]

(FXM ZXJINSKWTRÁSFSHNSLFHYN[NYNJX

9LMLY5V[Linfra Notes:  ;OLJHZOÅV^Z[H[LTLU[OHZILLUWYLWHYLK\UKLY[OLPUKPYLJ[TL[OVKHZZL[V\[PU(JJV\U[PUN:[HUKHYK(:*HZO-SV^:[H[LTLU[ZHZZWLJPÄLKPU[OL*VTWHUPLZ (JJV\U[PUN:[HUKHYKZ9\SLZ            (KKP[PVUZ[VÄ_LKHZZL[ZPUJS\KLTV]LTLU[ZVMJHWP[HS^VYRPUWYVNYLZZK\YPUN[OL`LHY  *HZOHUKJHZOLX\P]HSLU[ZH[[OLLUKVM[OL`LHYYLWYLZLU[JHZOHUKIHURIHSHUJLZHUKPUJS\KL\UYLHSPZLKSVZZVM`JYVYL7YL]PV\Z`LHY`JYVYLVUHJJV\U[ VM[YHUZSH[PVUVMMVYLPNUJ\YYLUJ`IHURIHSHUJLZ  -PN\YLZMVY[OLWYL]PV\Z`LHYOH]LILLUYLNYV\WLK^OLYL]LYULJLZZHY`

(ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

4\TIHP [O4H`

FI NA N C I A L S

89


NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES



'FXNXTKUWJUFWFYNTSFSIUWJXJSYFYNTSTKÁSFSHNFQXYFYJRJSYX



;OLÄUHUJPHSZ[H[LTLU[ZOH]LILLUWYLWHYLKPUHJJVYKHUJL^P[O[OL.LULYHSS`(JJLW[LK(JJV\U[PUN7YPUJPWSLZPU0UKPH0UKPHU.((7 \UKLY[OLOPZ[VYPJHSJVZ[JVU]LU[PVUL_JLW[MVY[OLYL]HS\H[PVUVMJLY[HPUÄ_LKHZZL[ZHJX\PYLKILMVYL[O1\UL VUHJJY\HSIHZPZ ;OLÄUHUJPHSZ[H[LTLU[ZVM[OL*VTWHU`OH]LILLUWYLWHYLK[VJVTWS`^P[O[OL(JJV\U[PUN:[HUKHYKZUV[PÄLK\UKLY[OL*VTWHUPLZ (JJV\U[PUN:[HUKHYKZ9\SLZHZHTLUKLKHUK[OLYLSL]HU[WYV]PZPVUZVM[OL*VTWHUPLZ(J[ -\Y[OLY[OLN\PKHUJLUV[LZ HUUV\UJLTLU[Z PZZ\LK I` [OL 0UZ[P[\[L VM *OHY[LYLK (JJV\U[HU[Z VM 0UKPH 0*(0 HYL HSZV JVUZPKLYLK ^OLYL]LY HWWSPJHISL L_JLW[ [V [OLL_[LU[^OLYLJVTWSPHUJL^P[OV[OLYZ[H[\[VY`IVKPLZ]Pa:,)0N\PKLSPULZV]LYYPKL[OLZHTLYLX\PYPUNHKPMMLYLU[[YLH[TLU[*LY[HPU LZJHSH[PVU HUK V[OLY JSHPTZ HYL HJJV\U[LK MVY PU [LYTZ VM JVU[YHJ[Z ^P[O [OL J\Z[VTLYZ  HKTP[[LK I` [OL HWWYVWYPH[L H\[OVYP[PLZ ;OLHJJV\U[PUNWVSPJPLZHKVW[LKPU[OLWYLWHYH[PVUVM[OLÄUHUJPHSZ[H[LTLU[ZHYLJVUZPZ[LU[^P[O[OVZLMVSSV^LKPU[OLWYL]PV\Z`LHY

2.

Use of estimates:



;OL WYLWHYH[PVU VM ÄUHUJPHS Z[H[LTLU[Z PU JVUMVYTP[` ^P[O .((7 YLX\PYLZ [OL THUHNLTLU[ [V THRL LZ[PTH[LZ HUK HZZ\TW[PVUZ [OH[ HMMLJ[[OLYLWVY[LKHTV\U[ZVMHZZL[ZSPHIPSP[PLZYL]LU\LHUKL_WLUZLZHUKKPZJSVZ\YLVMJVU[PUNLU[SPHIPSP[PLZHUKHZZL[Z;OLLZ[PTH[LZ HUK HZZ\TW[PVUZ \ZLK PU [OL HJJVTWHU`PUN ÄUHUJPHS Z[H[LTLU[Z HYL IHZLK \WVU THUHNLTLU[»Z L]HS\H[PVU VM [OL YLSL]HU[ MHJ[Z HUK JPYJ\TZ[HUJLZHZVM[OLKH[LVM[OLÄUHUJPHSZ[H[LTLU[Z;OLL_HTWSLZVMZ\JOLZ[PTH[LZPUJS\KL[OL\ZLM\SSPMLVM[HUNPISLHUKPU[HUNPISL Ä_LKHZZL[ZHSSV^HUJLZMVYKV\I[M\SKLI[ZHK]HUJLZM\[\YLVISPNH[PVUZPUYLZWLJ[VMYL[PYLTLU[ILULÄ[WSHUZL[J(J[\HSYLZ\S[ZTH` KPMMLYMYVT[OLLZ[PTH[LZHUKHZZ\TW[PVUZHUKPUZ\JOJHZL[OLKPMMLYLUJLPZYLJVNUPZLKPU[OLWLYPVKPU^OPJO[OLYLZ\S[ZHYLRUV^U



+N]JI&XXJYX H -P_LKHZZL[ZHYLZ[H[LKH[VYPNPUHSJVZ[UL[VM[H_K\[`JYLKP[H]HPSLKPMHU`L_JLW[MVYSHUKHUKI\PSKPUNHJX\PYLKWYPVY[V[O1\UL  ^OPJOHYLZ[H[LKH[YL]HS\LKJVZ[HZH[[OH[KH[LIHZLKVU[OLYLWVY[VM[LJOUPJHSL_WLY[SLZZHJJ\T\SH[LKKLWYLJPH[PVUHUK HTVY[PZH[PVU:\IZLX\LU[\WNYHKH[PVUZLUOHUJLTLU[Z^OPJOYLZ\S[ZPUHUPUJYLHZLPU[OLM\[\YLILULÄ[ZMYVTZ\JOHZZL[ZIL`VUK [OLWYL]PV\ZS`HZZLZZLKZ[HUKHYKVMWLYMVYTHUJLHYLHSZVJHWP[HSPZLK4HJOPULY`ZWHYLZ^OPJOJHUIL\ZLKVUS`PUJVUULJ[PVU^P[O HUP[LTVM[HUNPISLHZZL[ZHUK^OVZL\ZLPZUV[VMYLN\SHYUH[\YLHYL^YP[[LUVMMV]LY[OLLZ[PTH[LK\ZLM\SSPMLVM[OLYLSL]HU[HZZL[ I (KTPUPZ[YH[P]LHUKV[OLYNLULYHSV]LYOLHKZ[OH[HYLZWLJPÄJHSS`H[[YPI\[HISL[VJVUZ[Y\J[PVUVYHJX\PZP[PVUVMÄ_LKHZZL[ZVYIYPUNPUN [OLÄ_LKHZZL[Z[V^VYRPUNJVUKP[PVUHYLHSSVJH[LKHUKJHWP[HSPZLKHZHWHY[VMÄ_LKHZZL[Z J 7YLVWLYH[P]LL_WLUZLZPUJS\KPUNPU[LYLZ[VUIVYYV^PUNZ\W[V[OLKH[LVMJVTTLYJPHSVWLYH[PVUZHYL[YLH[LKHZWHY[VMWYVQLJ[JVZ[ HUKJHWP[HSPZLK K 0U[LYUHSS`THU\MHJ[\YLKÄ_LKHZZL[ZHYLJHWP[HSPZLKH[MHJ[VY`JVZ[PUJS\KPUNL_JPZLK\[`^OLYLHWWSPJHISL L *HWP[HS^VYRPUWYVNYLZZPUJS\KLZJVZ[VMÄ_LKHZZL[Z\UKLYPUZ[HSSH[PVU\UKLYKL]LSVWTLU[HZH[[OLIHSHUJLZOLL[KH[L M

*HWP[HSL_WLUKP[\YLVU[HUNPISLHZZL[ZMVYYLZLHYJOHUKKL]LSVWTLU[PZJSHZZPÄLK\UKLYÄ_LKHZZL[ZHUKPZKLWYLJPH[LKVU[OLZHTL IHZPZHZV[OLYÄ_LKHZZL[Z

N -P_LKHZZL[ZHYLLSPTPUH[LKMYVTÄUHUJPHSZ[H[LTLU[ZLP[OLYVUKPZWVZHSVY^OLUYL[PYLKMYVTHJ[P]L\ZL3VZZLZHYPZPUNPUJHZLVM YL[PYLTLU[VMHZZL[ZHUKNHPUZVYSVZZLZHYPZPUNMYVTKPZWVZHSVMÄ_LKHZZL[ZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÄ[HUKSVZZPU[OL `LHYVMVJJ\YYLUJL 4.

Impairment of assets:



(ZH[LHJOIHSHUJLZOLL[KH[L[OLJHYY`PUNHTV\U[ZVMHZZL[ZPUJS\KPUNNVVK^PSSHYPZPUNVUHJX\PZP[PVUHYL[LZ[LKMVYPTWHPYTLU[ZVHZ[V KL[LYTPUL! H [OLWYV]PZPVUMVYPTWHPYTLU[SVZZPMHU`"HUK I [OLYL]LYZHSVMPTWHPYTLU[SVZZYLJVNUPZLKPUWYL]PV\ZWLYPVKZPMHU` 0TWHPYTLU[SVZZPZYLJVNUPZLK^OLU[OLJHYY`PUNHTV\U[VMHUHZZL[L_JLLKZP[ZYLJV]LYHISLHTV\U[ 9LJV]LYHISLHTV\U[PZKL[LYTPULK! H 0U[OLJHZLVMHUPUKP]PK\HSHZZL[H[[OLOPNOLYVM[OLUL[ZLSSPUNWYPJLHUK[OL]HS\LPU\ZL"HUK I 0U[OLJHZLVMJHZOHNLULYH[PUN\UP[HNYV\WVMHZZL[Z[OH[NLULYH[LZPKLU[PÄLKPUKLWLUKLU[JHZOÅV^ZH[[OLOPNOLYVM[OLJHZO NLULYH[PUN\UP[»ZUL[ZLSSPUNWYPJLHUK[OL]HS\LPU\ZL



90

=HS\LPU\ZLPZKL[LYTPULKHZ[OLWYLZLU[]HS\LVMLZ[PTH[LKM\[\YLJHZOÅV^ZMYVT[OLJVU[PU\PUN\ZLVMHUHZZL[HUKMYVTP[ZKPZWVZHS H[[OLLUKVMP[Z\ZLM\SSPML

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)



.SYFSLNGQJFXXJYXFSIFRTWYNXFYNTS



0U[HUNPISLHZZL[ZHYLYLJVNUPZLK^OLUP[PZWYVIHISL[OH[[OLM\[\YLLJVUVTPJILULÃ&#x201E;[Z[OH[HYLH[[YPI\[HISL[V[OLHZZL[Z^PSSÃ&#x2026;V^[V[OL *VTWHU`HUK[OLJVZ[VM[OLHZZL[JHUILTLHZ\YLKYLSPHIS`0U[HUNPISLHZZL[ZHYLHTVY[PZLKHZMVSSV^Z! F .SYFSLNGQJFXXJYX :WLJPHSPZLKZVM[^HYL

!

6]LYHWLYPVKVMÃ&#x201E;]L`LHYZ"

;LJOUPJHSRUV^OV^

!

6]LYHWLYPVKVMÃ&#x201E;]L`LHYZMYVT[OLKH[LVM*VTTLYJPHSWYVK\J[PVU"

*VTTLYJPHSYPNO[Z

!

6]LY[OLWLYPVKVM[LU`LHYZHUK

G 7JXJFWHMFSIIJ[JQTURJSYHTXY 9LZLHYJOJVZ[! 

9L]LU\LL_WLUKP[\YLVUYLZLHYJOPZL_WLUZLK\UKLY[OLYLZWLJ[P]LOLHKZVMHJJV\U[ZPU[OLWLYPVKPU^OPJOP[PZPUJ\YYLK

+L]LSVWTLU[JVZ[! 

+L]LSVWTLU[L_WLUKP[\YLVUUL^WYVK\J[PZJHWP[HSPZLKHZPU[HUNPISLHZZL[PMHSSVM[OLMVSSV^PUNJHUILKLTVUZ[YH[LK P [OL[LJOUPJHSMLHZPIPSP[`VMJVTWSL[PUN[OLPU[HUNPISLHZZL[ZV[OH[P[^PSSILH]HPSHISLMVY\ZLVYZHSL" PP [OL*VTWHU`OHZPU[LU[PVU[VJVTWSL[L[OLKL]LSVWTLU[VMPU[HUNPISLHZZL[HUK\ZLVYZLSSP[" PPP[OL*VTWHU`OHZHIPSP[`[V\ZLVYZLSS[OLPU[HUNPISLHZZL[" P][OLTHUULYPU^OPJO[OLWYVIHISLM\[\YLLJVUVTPJILULÃ&#x201E;[^PSSILNLULYH[LKPUJS\KPUN[OLL_PZ[LUJLVMHTHYRL[MVYV\[W\[VM [OLPU[HUNPISLHZZL[VY[OLPU[HUNPISLHZZL[P[ZLSMVYPMP[PZ[VIL\ZLKPU[LYUHSS`[OL\ZLM\SULZZVM[OLPU[HUNPISLHZZL[" ] [OLH]HPSHIPSP[`VMHKLX\H[L[LJOUPJHSÃ&#x201E;UHUJPHSHUKV[OLYYLZV\YJLZ[VJVTWSL[L[OLKL]LSVWTLU[HUK[V\ZLVYZLSS[OLPU[HUNPISL HZZL["HUK ]P[OL*VTWHU`OHZHIPSP[`[VTLHZ\YL[OLL_WLUKP[\YLH[[YPI\[HISL[V[OLPU[HUNPISLHZZL[K\YPUN[OLKL]LSVWTLU[YLSPHIS`



+L]LSVWTLU[JVZ[ZVU[OLPU[HUNPISLHZZL[ZM\SÃ&#x201E;SSPUN[OLJYP[LYPHHYLHTVY[PZLKV]LYHWLYPVKVMÃ&#x201E;]L`LHYZV[OLY^PZLHYLL_WLUZLKPU [OLWLYPVKPU^OPJO[OL`HYLPUJ\YYLK

6.

Investments:



Long-term investments:



3VUN[LYTPU]LZ[TLU[ZHYLJHYYPLKH[JVZ[/V^L]LYWYV]PZPVUMVYKPTPU\[PVUPZTHKL[VYLJVNUPZLHKLJSPULPU[OLWLYTHULU[UH[\YLPU[OL ]HS\LVMPU]LZ[TLU[Z



Current investments:



0U]LZ[TLU[Z[OH[HYLYLHKPS`YLHSPZHISLHUKHYLPU[LUKLK[VILOLSKMVYUV[TVYL[OHUVUL`LHYMYVT[OLKH[LVU^OPJOZ\JOPU]LZ[TLU[ZHYL THKLHYLJSHZZPÃ&#x201E;LKHZJ\YYLU[PU]LZ[TLU[ZHUKHYLJHYYPLKH[JVZ[VYMHPY]HS\L^OPJOL]LYPZSV^LY;OLJVTWHYPZVUVMJVZ[HUKJHYY`PUN HTV\U[PZKVULZLWHYH[LS`MVYLHJOJH[LNVY`VMPU]LZ[TLU[ZIHZLKVU[OLTHYRL[]HS\LVM[OLPU]LZ[TLU[Z

7.

Inventories: H 9H^TH[LYPHSZWHJRPUNTH[LYPHSZJVUZ[Y\J[PVUTH[LYPHSZ Z[VYLZHUKZWHYLZ

! 

([SV^LYVMJVZ[VU^LPNO[LKH]LYHNLIHZPZHUKUL[YLHSPZHISL ]HS\L

I >VYRPUWYVNYLZZ¶4HU\MHJ[\YPUN 

! 

([ SV^LY VM JVZ[ VM TH[LYPHSZ WS\Z HWWYVWYPH[L WYVK\J[PVU V]LYOLHKZHUKUL[YLHSPZHISL]HS\L

J -PUPZOLKNVVKZ¶4HU\MHJ[\YPUN  

! ([ SV^LY VM JVZ[ VM TH[LYPHSZ WS\Z HWWYVWYPH[L WYVK\J[PVU  V]LYOLHKZPUJS\KPUNL_JPZLK\[`WHPKWH`HISLVUZ\JONVVKZ  HUKUL[YLHSPZHISL]HS\L

K -PUPZOLKNVVKZ¶;YHKPUN 

! 

([SV^LYVMJVZ[VU^LPNO[LKH]LYHNLIHZPZHUKUL[YLHSPZHISL ]HS\L



;OL JVZ[ VM PU]LU[VYPLZ OH]L ILLU JVTW\[LK [V PUJS\KL HSS JVZ[ VM W\YJOHZLZ JVZ[ VM JVU]LYZPVU HUK V[OLY YLSH[LK JVZ[Z PUJ\YYLK PU IYPUNPUN[OLPU]LU[VYPLZ[V[OLPYWYLZLU[SVJH[PVUHUKJVUKP[PVU:SV^HUKUVUTV]PUNTH[LYPHSZVIZVSLZJLZKLMLJ[P]LPU]LU[VYPLZHYLK\S` WYV]PKLKMVYHUK]HS\LKH[UL[YLHSPZHISL]HS\L.VVKZHUKTH[LYPHSZPU[YHUZP[HYL]HS\LKH[HJ[\HSJVZ[PUJ\YYLK\W[V[OLKH[LVMIHSHUJL ZOLL[4H[LYPHSZHUKZ\WWSPLZOLSKMVY\ZLPU[OLWYVK\J[PVUVMPU]LU[VYPLZHYLUV[^YP[[LUKV^UPM[OLÃ&#x201E;UPZOLKWYVK\J[ZPU^OPJO[OL`^PSS IL\ZLKHYLL_WLJ[LK[VILZVSKH[VYHIV]LJVZ[

8.

Cash and cash equivalents: H *HZOJVTWYPZLZJHZOVUOHUKHUKKLTHUKKLWVZP[Z^P[OIHURZ I *HZOLX\P]HSLU[ZHYLZOVY[[LYTOPNOS`SPX\PKPU]LZ[TLU[Z[OH[HYLYLHKPS`JVU]LY[PISLPU[VRUV^UHTV\U[ZVMJHZOHUK^OPJOHYL Z\IQLJ[[VPUZPNUPÃ&#x201E;JHU[YPZRVMJOHUNLZPU]HS\L

9.

Foreign currency transaction and foreign operations: H ;OLYLWVY[PUNJ\YYLUJ`PZ0UKPHU9\WLL I -VYLPNUJ\YYLUJ`[YHUZHJ[PVUZHYLYLJVYKLKVUPUP[PHSYLJVNUP[PVUPU[OLYLWVY[PUNJ\YYLUJ`\ZPUN[OLL_JOHUNLYH[LH[[OLKH[LVM[OL [YHUZHJ[PVU([LHJOIHSHUJLZOLL[KH[LMVYLPNUJ\YYLUJ`TVUL[HY`P[LTZHYLYLJVYKLK\ZPUN[OLJSVZPUNL_JOHUNLYH[L,_JOHUNL KPMMLYLUJLZ[OH[HYPZLVUZL[[SLTLU[VMTVUL[HY`P[LTZVYVUYLWVY[PUNH[LHJOIHSHUJLZOLL[KH[LVM[OL*VTWHU`»ZTVUL[HY`P[LTZ H[[OLJSVZPUNYH[LHYLYLJVNUPZLKHZPUJVTLVYL_WLUZLZPU[OLWLYPVKPU^OPJO[OL`HYPZL5VUTVUL[HY`P[LTZ^OPJOHYLJHYYPLKH[ OPZ[VYPJHSJVZ[KLUVTPUH[LKPUHMVYLPNUJ\YYLUJ`HYLYLWVY[LK\ZPUN[OLL_JOHUNLYH[LH[[OLKH[LVM[OL[YHUZHJ[PVU J -PUHUJPHSZ[H[LTLU[ZVMMVYLPNUVWLYH[PVUZHYL[YLH[LKHZPU[LNYHSVWLYH[PVUZHUK[YHUZSH[LKHZPU[OLZHTLTHUULYHZMVYLPNUJ\YYLUJ` [YHUZHJ[PVUZHZKLZJYPILKHIV]L,_JOHUNLKPMMLYLUJLZHYPZPUNVUZ\JOJVU]LYZPVUZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÃ&#x201E;[VYSVZZ PU[OLWLYPVKPU^OPJO[OL`HYPZL FI NA N C I A L S

91


NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

10. Derivative contracts: H +LYP]H[P]L JVU[YHJ[Z LU[LYLK PU[V [V OLKNL MVYLPNU J\YYLUJ`  WYPJL YPZRZ VU \UL_LJ\[LK ÄYT JVTTP[TLU[Z HUK OPNOS` WYVIHISL MVYLJHZ[[YHUZHJ[PVUZHYLYLJVNUPZLKPU[OLÄUHUJPHSZ[H[LTLU[ZH[MHPY]HS\LHZVU[OLIHSHUJLZOLL[KH[L;OLNHPUZVYSVZZLZHYPZPUN V\[VMMHPY]HS\H[PVUVMKLYP]H[P]LJVU[YHJ[ZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÄ[HUKSVZZVYIHSHUJLZOLL[HZ[OLJHZLTH`IL HM[LYHWWS`PUN[OL[LZ[VMOLKNLLMMLJ[P]LULZZ;OLNHPUZVYSVZZLZHYLYLJVNUPZLKHZOLKNLYLZLY]LPU[OLIHSHUJLZOLL[^OLU[OL OLKNLPZLMMLJ[P]LHUK^OLYL[OLOLKNLPZPULMMLJ[P]L[OLZHTLPZYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÄ[HUKSVZZ I ;OLWYLTP\TVYKPZJV\U[VUMVY^HYKJVU[YHJ[ZPZHTVY[PZLKHZL_WLUZLVYPUJVTLV]LY[OLWLYPVKVM[OLJVU[YHJ[ J .HPUZHUKSVZZLZVUYVSSV]LYVYJHUJLSSH[PVUVMKLYP]H[P]LJVU[YHJ[Z^OPJOX\HSPM`HZLMMLJ[P]LOLKNLHYLYLJVNUPZLKPU[OLZ[H[LTLU[ VMWYVÄ[HUKSVZZPU[OLZHTLWLYPVKPU^OPJO[OLOLKNLKP[LTPZHJJV\U[LK 11. Revenue recognition: (a) Sale of goods:  9L]LU\LMYVTZHSLVMNVVKZPZYLJVNUPZLK^OLUHSS[OLZPNUPÄJHU[YPZRZHUKYL^HYKZVMV^ULYZOPWHYL[YHUZMLYYLK[V[OLI\`LYHZWLY [OL[LYTZVMJVU[YHJ[ZHUKUVZPNUPÄJHU[\UJLY[HPU[`L_PZ[ZYLNHYKPUN[OLHTV\U[VM[OLJVUZPKLYH[PVU[OH[^PSSILKLYP]LKMYVTZHSLVM [OLNVVKZ0[HSZVPUJS\KLZL_JPZLK\[`HUKWYPJL]HYPH[PVUIHZLKVU[OLJVU[YHJ[\HSHNYLLTLU[ZHUKL_JS\KLZ]HS\LHKKLK[H_ZHSLZ [H_IYVRLYHNLHUKJVTTPZZPVU G 8FQJTKXJW[NHJX  :LY]PJLPUJVTLPZYLJVNUPZLKHZWLY[OL[LYTZVM[OLJVU[YHJ[Z^P[O[OLJ\Z[VTLYZVUWYVWVY[PVUH[LJVTWSL[PVUTL[OVK (c) Revenue from contracts:  9L]LU\LMYVTJVU[YHJ[ZPZYLJVNUPZLKI`HWWS`PUNWLYJLU[HNLVMJVTWSL[PVUTL[OVKHM[LYWYV]PKPUNMVYMVYLZLLHISLSVZZLZPMHU` 7LYJLU[HNLVMJVTWSL[PVUPZKL[LYTPULKHZHWYVWVY[PVUVM[OLJVZ[ZPUJ\YYLK\W[V[OLYLWVY[PUNKH[L[V[OL[V[HSLZ[PTH[LKJVZ[[V JVTWSL[L-VYLZLLHISLSVZZPMHU`VU[OLJVU[YHJ[ZPZYLJVNUPZLKHZHUL_WLUZLPU[OLWLYPVKPU^OPJOP[PZMVYLZLLUPYYLZWLJ[P]LVM [OLZ[HNLVMJVTWSL[PVUVM[OLJVU[YHJ[>OPSLKL[LYTPUPUN[OLHTV\U[VMMVYLZLLHISLSVZZHSSLSLTLU[ZVMJVZ[ZHUKYLSH[LKPUJPKLU[HS PUJVTLUV[PUJS\KLKPUJVU[YHJ[YL]LU\LPZ[HRLUPU[VJVUZPKLYH[PVU*VU[YHJ[PZYLÅLJ[LKH[JVZ[[PSSZ\JO[PTL[OLV\[JVTLVM[OL JVU[YHJ[JHUUV[ILHZJLY[HPULKYLSPHIS`HUKH[YLHSPZHISL]HS\L[OLYLHM[LY*SHPTZHYLHJJV\U[LKHZPUJVTLHJJLW[HUJLI`J\Z[VTLY I 7J[JSZJKWTRUT\JWINXYWNGZYNTSGZXNSJXX  9L]LU\L MYVT WV^LY KPZ[YPI\[PVU I\ZPULZZ PZ HJJV\U[LK VU [OL IHZPZ VM IPSSPUNZ [V [OL J\Z[VTLYZ HUK PUJS\KLZ \UIPSSLK YL]LU\LZ HJJY\LK\W[V[OLLUKVMHJJV\U[PUN`LHY*\Z[VTLYZHYLIPSSLKHZWLY[OL[HYPMMYH[LZPZZ\LKI`,SLJ[YPJP[`9LN\SH[VY`*VTTPZZPVU 0U[LYLZ[PZHJJV\U[LKVUHJJY\HSIHZPZVUV]LYK\LIPSSZ (e) Interest income:  0U[LYLZ[PUJVTLVUKLWVZP[ZZLJ\YP[PLZHUKSVHUZPZYLJVNUPZLKH[[OLHNYLLKYH[LVU[PTLWYVWVY[PVUH[LIHZPZ (f) Dividend income:  +P]PKLUKPUJVTLPZHJJV\U[LKMVY^OLU[OLYPNO[[VYLJLP]L[OLKP]PKLUKPZLZ[HISPZOLK (g) Lease income:  3LHZLHNYLLTLU[Z^OLYL[OLYPZRZHUKYL^HYKZPUJPKLU[HS[V[OLV^ULYZOPWVMHUHZZL[Z\IZ[HU[PHSS`]LZ[^P[O[OLSLZZVYHYLYLJVNUPZLK HZVWLYH[PUNSLHZLZ3LHZLYLU[HSZHYLYLJVNUPZLKVUZ[YHPNO[SPULIHZPZHZWLY[OL[LYTZVM[OLHNYLLTLU[ZPU[OLZ[H[LTLU[VMWYVÄ[ HUKSVZZ  *RUQT^JJGJSJÁYX F 8MTWYYJWRJRUQT^JJGJSJÁYX  (SS LTWSV`LL ILULÄ[Z WH`HISL ^OVSS` ^P[OPU [^LS]L TVU[OZ VM YLUKLYPUN ZLY]PJL HYL JSHZZPÄLK HZ ZOVY[[LYT LTWSV`LL ILULÄ[Z )LULÄ[ZZ\JOHZZHSHYPLZ^HNLZZOVY[[LYTJVTWLUZH[LKHIZLUJLZWLYMVYTHUJLPUJLU[P]LZL[JHUK[OLL_WLJ[LKJVZ[VMIVU\Z L_NYH[PHHYLYLJVNUPZLKK\YPUN[OLWLYPVKPU^OPJO[OLLTWSV`LLYLUKLYZYLSH[LKZLY]PJL G 5TXYJRUQT^RJSYGJSJÁYX  )JÁSJIHTSYWNGZYNTSUQFSX  *VTWHU`»Z JVU[YPI\[PVUZ WHPK  WH`HISL K\YPUN [OL `LHY [V VMÄJLY»Z Z\WLYHUU\H[PVU M\UK LTWSV`LL Z[H[L PUZ\YHUJL ZJOLTL HUK SHIV\Y^LSMHYLM\UKHYLYLJVNUPZLKK\YPUN[OLWLYPVK  )JÁSJIGJSJÁYUQFSX  -VYKLÄULKILULÄ[ZJOLTLZPU[OLMVYTVMNYH[\P[`M\UKWYV]PKLU[M\UKHUKWVZ[YL[PYLTLU[TLKPJHSILULÄ[Z[OLJVZ[VMWYV]PKPUN ILULÄ[ZPZKL[LYTPULK\ZPUN[OL7YVQLJ[LK<UP[*YLKP[4L[OVK^P[OHJ[\HYPHS]HS\H[PVUZILPUNJHYYPLKV\[H[LHJOIHSHUJLZOLL[KH[L ^OPJOYLJVNUPZLZLHJOWLYPVKVMZLY]PJLHZNP]PUNYPZL[VHKKP[PVUHS\UP[VMLTWSV`LLILULÄ[LU[P[SLTLU[HUKTLHZ\YLZLHJO\UP[ ZLWHYH[LS`[VI\PSK\W[OLÄUHSVISPNH[PVU  ;OLVISPNH[PVUPZTLHZ\YLKH[[OLWYLZLU[]HS\LVM[OLLZ[PTH[LKM\[\YLJHZOÅV^Z;OLKPZJV\U[PUNYH[L\ZLKMVYKL[LYTPUPUN[OL WYLZLU[]HS\LVM[OLVISPNH[PVU\UKLYKLÄULKILULÄ[WSHUZPZIHZLKVU[OLTHYRL[`PLSKZVUNV]LYUTLU[ZLJ\YP[PLZHZH[[OLIHSHUJL ZOLL[KH[LOH]PUNTH[\YP[`WLYPVKZHWWYV_PTH[LS`[V[OL[LYTZVMYLSH[LKVISPNH[PVUZ  ;OL*VTWHU`THRLZJVU[YPI\[PVU[V^HYKZWYV]PKLU[M\UKPUZ\IZ[HUJLHKLÄULKJVU[YPI\[PVUYL[PYLTLU[WSHU;OLWYV]PKLU[M\UKPZ HKTPUPZ[LYLKI`[OL[Y\Z[LLZ;OL9\SLZVM[OL*VTWHU`»Z7YV]PKLU[-\UKHKTPUPZ[LYLKI`H[Y\Z[YLX\PYL[OH[PM[OL)VHYKVM;Y\Z[LLZ HYL\UHISL[VWH`PU[LYLZ[H[[OLYH[LKLJSHYLKI`[OL.V]LYUTLU[\UKLY7HYHVM[OL,TWSV`LLZ»7YV]PKLU[-\UK:JOLTL MVY [OLYLHZVU[OH[[OLYL[\YUVUPU]LZ[TLU[PZSLZZMVYHU`V[OLYYLHZVU[OLU[OLKLÄJPLUJ`ZOHSSILTHKLNVVKI`[OL*VTWHU`THRPUN PU[LYLZ[ZOVY[MHSSHZHKLÄULKILULÄ[WSHU/H]PUNYLNHYK[V[OLHZZL[ZVM[OL-\UKHUKYL[\YUVUPU]LZ[TLU[Z[OL*VTWHU`KVLZUV[ L_WLJ[HU`KLÄJPLUJ`PU[OLMVYLZLLHISLM\[\YLHUKOLUJLSPHIPSP[`PZYLZ[YPJ[LK[V^HYKZ[OLTVU[OS`JVU[YPI\[PVUZVUS`  (J[\HYPHSNHPUZSVZZLZHYLYLJVNUPZLKPUM\SSPU[OLZ[H[LTLU[VMWYVÄ[HUKSVZZMVY[OLWLYPVKPU^OPJO[OL`VJJ\Y  7HZ[ ZLY]PJL JVZ[ PZ YLJVNUPZLK PTTLKPH[LS` [V [OL L_[LU[ [OH[ [OL ILULÄ[Z HYL HSYLHK` ]LZ[LK HUK V[OLY^PZL PZ HTVY[PZLK VU H Z[YHPNO[SPULIHZPZV]LY[OLH]LYHNLWLYPVK\U[PS[OLILULÄ[ZILJVTL]LZ[LK  ;OLYL[PYLTLU[ILULÄ[VISPNH[PVUZYLJVNUPZLKPU[OLIHSHUJLZOLL[YLWYLZLU[Z[OH[WYLZLU[]HS\LVM[OLKLÄULKILULÄ[VISPNH[PVUHZ HKQ\Z[LKMVY\UYLJVNUPZLKWHZ[ZLY]PJLJVZ[HUKHZYLK\JLKI`[OLMHPY]HS\LVM[OLZJOLTLVMHZZL[Z H 1TSLYJWRJRUQT^JJGJSJÁYX  *VTWLUZH[LKHIZLUJLZ^OPJOHYLUV[L_WLJ[LK[VVJJ\Y^P[OPU[^LS]LTVU[OZHM[LY[OLLUKVM[OLWLYPVKPU^OPJO[OLLTWSV`LL YLUKLYZ[OLYLSH[LKZLY]PJLZHYLYLJVNUPZLKHZHSPHIPSP[`H[[OLWYLZLU[]HS\LVM[OLKLÄULKILULÄ[VISPNH[PVUH[[OLIHSHUJLZOLL[KH[L I 9JWRNSFYNTSGJSJÁYX  ;LYTPUH[PVUILULÄ[ZHYLYLJVNUPZLKHZHUL_WLUZLPU[OLWLYPVKPU^OPJO[OL`HYLPUJ\YYLK

92

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

13. Depreciation: F 4\SJIFXXJYX (1) Revalued assets:  +LWYLJPH[PVUVUYL]HS\LKHZZL[PZWYV]PKLKVUZ[YHPNO[SPULTL[OVKVU[OL]HS\LZHUKH[[OLYH[LZZWLJPÃ&#x201E;LKPU:JOLK\SL?0=[V[OL *VTWHUPLZ(J[ ;OLKPMMLYLUJLIL[^LLUKLWYLJPH[PVUWYV]PKLKVUYL]HS\LKHTV\U[HUKVUOPZ[VYPJHSJVZ[PZYLJV\WLKV\[ VMYL]HS\H[PVUYLZLY]L (2) Assets carried at historical cost:  +LWYLJPH[PVUVU[OLÃ&#x201E;_LKHZZL[ZJHYYPLKH[OPZ[VYPJHSJVZ[WYV]PKLKH[[OLYH[LZHUKPU[OLTHUULYZWLJPÃ&#x201E;LKPU:JOLK\SL?0=[V[OL *VTWHUPLZ(J[ VU^YP[[LUKV^U]HS\LTL[OVKV[OLY[OHUVUI\PSKPUNZHUKWSHU[HUKLX\PWTLU[Z^OPJOHYLKLWYLJPH[LKVU HZ[YHPNO[SPULTL[OVK-P_LKHZZL[Z^OPJOHYLHKKLKKPZWVZLKVMMK\YPUN[OL`LHYKLWYLJPH[PVUPZWYV]PKLKVUWYVYH[HIHZPZ^P[O YLMLYLUJL[V[OLTVU[OVMHKKP[PVUKLSL[PVU G 1JFXJIFXXJYX 3LHZLOVSKSHUKZHYLHTVY[PZLKV]LY[OLWLYPVKVMSLHZL )\PSKPUNZJVUZ[Y\J[LKVUSLHZLOVSKSHUKZHYLKLWYLJPH[LKH[UVYTHSYH[LHZWYLZJYPILKPU:JOLK\SL?0=[V[OL*VTWHUPLZ(J[  ^OLYL[OLSLHZLWLYPVKPZIL`VUK[OLSPMLVM[OLI\PSKPUN 0UV[OLYJHZLZI\PSKPUNZJVUZ[Y\J[LKVUSLHZLOVSKSHUKZHYLHTVY[PZLKV]LY[OLWYPTHY`SLHZLWLYPVKVM[OLSHUKZ  'TWWT\NSLHTXYX H )VYYV^PUNJVZ[Z[OH[HYLH[[YPI\[HISL[V[OLHJX\PZP[PVUJVUZ[Y\J[PVUVYWYVK\J[PVUVMHX\HSPM`PUNHZZL[HYLJHWP[HSPZLKHZHWHY[VM[OL JVZ[VMZ\JOHZZL[[PSSZ\JO[PTL[OLHZZL[PZYLHK`MVYP[ZPU[LUKLK\ZLVYZHSL(X\HSPM`PUNHZZL[PZHUHZZL[[OH[ULJLZZHYPS`YLX\PYLZ HZ\IZ[HU[PHSWLYPVKVM[PTLNLULYHSS`V]LY[^LS]LTVU[OZ[VNL[YLHK`MVYP[ZPU[LUKLK\ZLVYZHSL I (SSV[OLYIVYYV^PUNJVZ[ZHYLYLJVNUPZLKHZL_WLUZLPU[OLWLYPVKPU^OPJO[OL`HYLPUJ\YYLK 15. Segment accounting: (a) Segment accounting policies:  :LNTLU[ HJJV\U[PUN WVSPJPLZ HYL PU SPUL ^P[O [OL HJJV\U[PUN WVSPJPLZ VM [OL *VTWHU` ;OL JVTWHU` PKLU[PÃ&#x201E;LZ WYPTHY` I\ZPULZZ ZLNTLU[IHZLKVU[OLKPMMLYLU[YPZRZHUKYL[\YUZ[OLVYNHUPZH[PVUZ[Y\J[\YLHUK[OLPU[LYUHSYLWVY[PUNZ`Z[LTZ:LJVUKHY`ZLNTLU[Z HYLPKLU[PÃ&#x201E;LKVU[OLIHZPZVMNLVNYHWO`PU^OPJOZHSLZOH]LILLULMMLJ[LK0UHKKP[PVU[OLMVSSV^PUNZWLJPÃ&#x201E;JHJJV\U[PUNWVSPJPLZOH]L ILLUMVSSV^LKMVYZLNTLU[YLWVY[PUN! :LNTLU[YL]LU\LPUJS\KLZZHSLZHUKV[OLYPUJVTLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[OHSSVJHISL[V[OLZLNTLU[PUJS\KPUNPU[LYZLNTLU[ YL]LU\L ,_WLUZLZ[OH[HYLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[OHSSVJHISL[VZLNTLU[ZHYLJVUZPKLYLKMVYKL[LYTPUPUN[OLZLNTLU[YLZ\S[,_WLUZLZ ^OPJOYLSH[L[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VZLNTLU[ZHYLPUJS\KLK\UKLY\UHSSVJHISLL_WLUKP[\YL 0UJVTL^OPJOYLSH[LZ[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VZLNTLU[ZPZPUJS\KLKPU\UHSSVJHISLPUJVTL :LNTLU[YLZ\S[PUJS\KLZTHYNPUZVUPU[LYZLNTLU[HUKZHSLZ^OPJOHYLYLK\JLKPUHYYP]PUNH[[OLWYVÃ&#x201E;[ILMVYL[H_VM[OL*VTWHU` :LNTLU[HZZL[ZHUKSPHIPSP[PLZPUJS\KL[OVZLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[O[OLYLZWLJ[P]LZLNTLU[Z<UHSSVJHISLHZZL[ZHUKSPHIPSP[PLZ YLWYLZLU[[OLHZZL[ZHUKSPHIPSP[PLZ[OH[YLSH[L[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VHU`ZLNTLU[ G .SYJWXJLRJSYYWFSXKJWUWNHNSL  :LNTLU[YL]LU\LYLZ\S[PUNMYVT[YHUZHJ[PVUZ^P[OV[OLYI\ZPULZZZLNTLU[ZPZHJJV\U[LKVU[OLIHZPZVM[YHUZMLYWYPJLHNYLLKIL[^LLU [OLZLNTLU[Z:\JO[YHUZMLYWYPJLZHYLLP[OLYKL[LYTPULK[V`PLSKHKLZPYLKTHYNPUVYHNYLLKVUHULNV[PH[LKIHZPZ 16. Earnings per share  )HZPJLHYUPUNZWLYZOHYLPZJHSJ\SH[LKI`KP]PKPUN[OLUL[WYVÃ&#x201E;[MVY[OLWLYPVKH[[YPI\[HISL[VLX\P[`ZOHYLOVSKLYZI`[OL^LPNO[LKH]LYHNL U\TILYVMLX\P[`ZOHYLZV\[Z[HUKPUNK\YPUN[OLWLYPVK  9F]JXTSNSHTRJ H ;H_VUPUJVTLMVY[OLJ\YYLU[WLYPVKPZKL[LYTPULKVU[OLIHZPZVULZ[PTH[LK[H_HISLPUJVTLHUK[H_JYLKP[ZJVTW\[LKPUHJJVYKHUJL ^P[O[OLWYV]PZPVUZVM[OL0UJVTL;H_(J[ HUKIHZLKVU[OLL_WLJ[LKV\[JVTLVMHZZLZZTLU[ZHWWLHSZ I +LMLYYLK[H_PZYLJVNUPZLKVU[PTPUNKPMMLYLUJLZIL[^LLU[OLHJJV\U[PUNPUJVTLHUK[OL[H_HISLPUJVTLMVY[OL`LHYHUKX\HU[PÃ&#x201E;LK \ZPUN[OL[H_YH[LZHUK[H_SH^ZLUHJ[LKVYZ\IZ[HU[P]LS`LUHJ[LKHZVU[OLIHSHUJLZOLL[KH[L J +LMLYYLK[H_HZZL[ZYLSH[PUN[V\UHIZVYILKKLWYLJPH[PVUI\ZPULZZSVZZLZHYLYLJVNUPZLKHUKJHYYPLKMVY^HYK[V[OLL_[LU[[OLYLPZ ]PY[\HSJLY[HPU[`[OH[Z\MÃ&#x201E;JPLU[M\[\YL[H_HISLPUJVTL^PSSILH]HPSHISLHNHPUZ[^OPJOZ\JOKLMLYYLK[H_HZZL[ZJHUILYLHSPZLK K 6[OLYKLMLYYLK[H_HZZL[ZHYLYLJVNUPZLKHUKJHYYPLKMVY^HYK[V[OLL_[LU[[OH[[OLYLPZHYLHZVUHISLJLY[HPU[`[OH[Z\MÃ&#x201E;JPLU[M\[\YL [H_HISLPUJVTL^PSSILH]HPSHISLHNHPUZ[^OPJOZ\JOKLMLYYLK[H_HZZL[ZJHUILYLHSPZLK  5WT[NXNTSX(TSYNSLJSYQNFGNQNYNJX(TSYNSLJSYFXXJYXFSI(TRRNYRJSYX H 7YV]PZPVUZHYLYLJVNUPZLKMVYSPHIPSP[PLZ[OH[JHUILTLHZ\YLKVUS`I`\ZPUNHZ\IZ[HU[PHSKLNYLLVMLZ[PTH[PVUPM! [OL*VTWHU`OHZHWYLZLU[VISPNH[PVUHZHYLZ\S[VMHWHZ[L]LU[" HWYVIHISLV\[Ã&#x2026;V^VMYLZV\YJLZPZL_WLJ[LK[VZL[[SL[OLVISPNH[PVU"HUK [OLHTV\U[VM[OLVISPNH[PVUJHUILYLSPHIS`LZ[PTH[LK I 9LPTI\YZLTLU[I`HUV[OLYWHY[`L_WLJ[LKPUYLZWLJ[VML_WLUKP[\YLYLX\PYLK[VZL[[SLHWYV]PZPVUPZYLJVNUPZLK^OLUP[PZ]PY[\HSS` JLY[HPU[OH[YLPTI\YZLTLU[^PSSILYLJLP]LKPM[OLVISPNH[PVUPZZL[[SLK J *VU[PUNLU[SPHIPSP[`PZKPZJSVZLKPU[OLJHZLVM! HWYLZLU[VISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z^OLUP[PZUV[WYVIHISL[OH[HUV\[Ã&#x2026;V^VMYLZV\YZLZ^PSSILYLX\PYLK[VZL[[SL[OL VISPNH[PVU" HWYLZLU[VISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z^OLUUVYLSPHISLLZ[PTH[LPZWVZZPISL" HWVZZPISLVISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z\USLZZ[OLWYVIHIPSP[`VMV\[Ã&#x2026;V^VMYLZV\YJLZPZYLTV[L K *VU[PUNLU[HZZL[ZHYLULP[OLYYLJVNUPZLKUVYKPZJSVZLK L *VTTP[TLU[ZPUJS\KL[OLHTV\U[VMW\YJOHZLVYKLYUL[VMHK]HUJLZPZZ\LK[VWHY[PLZMVYJVTWSL[PVUVMHZZL[Z M 7YV]PZPVUZJVU[PUNLU[SPHIPSP[PLZJVU[PUNLU[HZZL[ZHUKJVTTP[TLU[ZHYLYL]PL^LKH[LHJOIHSHUJLZOLL[KH[L

FI NA N C I A L S

93


`JYVYL

NOTES

2.

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

361.00



125.35



125.35



0.00



125.35



SHARE CAPITAL Authorised: ,X\P[`:OHYLZVM`LHJO Issued b9LMLYUV[LHILSV^d! ,X\P[`:OHYLZVM`LHJO7YL]PV\Z`LHY,X\P[`:OHYLZVM`LHJO 8ZGXHWNGJIFSIUFNIZUb9LMLYUV[LHILSV^d! ,X\P[`:OHYLZVM`LHJO7YL]PV\Z`LHY ,X\P[`:OHYLZVM`LHJO Forfeited shares: (TV\U[WHPK\WVU,X\P[`:OHYLZVM`LHJO(TV\U[WHPK\W`

Notes: F 7JHTSHNQNFYNTSTKYMJSZRGJWTKYMJXMFWJXTZYXYFSINSLFYYMJGJLNSSNSLFSIFYYMJJSITKYMJ^JFW9LMLYUV[Linfra! 0ZZ\LKZOHYLJHWP[HS

)HSHUJLH[[OLILNPUUPUNVM[OL`LHY Less::OHYLZIV\NO[IHJR )HSHUJLH[[OLLUKVM[OL`LHY

:\IZJYPILKHUKWHPK\W

)HSHUJLH[[OLILNPUUPUNVM[OL`LHY Less::OHYLZIV\NO[IHJR )HSHUJLH[[OLLUKVM[OL`LHY

(ZH[

(ZH[

No. of Shares

` crore

5VVM:OHYLZ

`JYVYL

641533836

128.30





14745394

2.95





626788442

125.35





(ZH[

(ZH[

No. of Shares

` crore

5VVM:OHYLZ

`JYVYL

641491536

128.30

 



14745394

2.95





626746142

125.35

 



;OL*VTWHU`OHZUV[PZZ\LKHU`LX\P[`ZOHYLZK\YPUN[OLJ\YYLU[HUKPU[OLWYL]PV\Z`LHY G 9JWRXWNLMYXFYYFHMJIYTJVZNY^XMFWJX 

;OL*VTWHU`OHZVULJSHZZVMZOHYLJHWP[HSPLLX\P[`ZOHYLZOH]PUNMHJL]HS\LVM`WLYZOHYL,HJOOVSKLYVMLX\P[`ZOHYLPZLU[P[SLK[VVUL]V[LWLYZOHYL



+\YPUN[OL`LHY[OL*VTWHU`OHZKLJSHYLKHUKWHPKPU[LYPTKP]PKLUKVM`WLYZOHYL;OL)VHYKVM+PYLJ[VYZOH]LYLJVTTLUKLKHÃ&#x201E;UHSKP]PKLUKVM `WLYZOHYLZ\IQLJ[[VHWWYV]HSVMZOHYLOVSKLYZH[[OLLUZ\PUN(UU\HS.LULYHS4LL[PUN



0U[OLL]LU[VMSPX\KH[PVU[OLLX\P[`ZOHYLOVSKLYZHYLLSPNPISL[VYLJLP]L[OLYLTHPUPUNHZZL[ZVM[OL*VTWHU`HM[LYKPZ[YPI\[PVUVMHSSWYLMLYLU[PHSHTV\U[ZPU WYVWVY[PVU[V[OLPYZOHYLOVSKPUN

(c) Details of shareholders holding more than 5 % shares in the Company: (ZH[

(ZH[

% No. of Shares

94



(]HU[OH/VSKPUNZ3PTP[LK



/+-*;Y\Z[LL*VTWHU`3PTP[LK/+-*,X\P[`-\UK



/+-*;Y\Z[LL*VTWHU`3PTP[LK



3PML0UZ\YHUJL*VYWVYH[PVUVM0UKPH

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

5VVM:OHYLZ  

40.84

255937034

  

9.30

58269500





-

-



 

5.24

32842674






NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(d) There are no shares reserved for issue under options and contracts / commitments for the sale of shares / disinvestment. J &LLWJLFYJSZRGJWTKGTSZXXMFWJXNXXZJIIZWNSLYMJUJWNTITKĂ [J^JFWXNRRJINFYJQ^UWJHJINSLYMJWJUTWYNSLIFYJ

:OHYLZPZZ\LKHZM\SS`WHPK\WIVU\ZZOHYLZ

(ZH[ 

(ZH[ 

No. of Shares

5VVM:OHYLZ

274924944

  

(ZH[ 

(ZH[ 

No. of Shares

5VVM:OHYLZ

14745394



K &LLWJLFYJSZRGJWTKXMFWJXGTZLMYGFHPIZWNSLYMJUJWNTITKĂ [J^JFWXNRRJINFYJQ^UWJHJINSLYMJWJUTWYNSLIFYJ

:OHYLZIV\NO[IHJR L &LLWJLFYJSZRGJWTKXMFWJXNXXZJIFX,)7X (ZH[ % No. of Shares ;OL)HURVM5L^@VYR

0.22

1383534

(ZH[

5VVM:OHYLZ



 

FI NA N C I A L S

95


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 3.

(ZH[

RESERVES AND SURPLUS Capital reserve

19.12

 

Capital redemption reserve: (ZWLYSHZ[IHSHUJLZOLL[ (KK!6UHJJV\U[VM)\`IHJR

10.00



2.95

 12.95



Securities premium account 151.84



(133.54)



(ZWLYSHZ[IHSHUJLZOLL[ Less: <[PSPZLKMVY)\`IHJR

18.30



Revaluation reserve: (ZWLYSHZ[IHSHUJLZOLL[

13.82



Less:;YHUZMLYYLK[V:[H[LTLU[VMWYVÄ[HUKSVZZb9LMLYUV[LHILSV^d

(0.20)

 13.62



General reserve: 363.39

(ZWLYSHZ[IHSHUJLZOLL[



52.50

(KK!;YHUZMLYYLKMYVT:[H[LTLU[VMWYVÄ[HUKSVZZb9LMLYUV[LIILSV^d

 415.89



'FQFSHJNS8YFYJRJSYTKUWTÁYFSIQTXX 2370.38

 

521.09



2891.47



52.50



2838.97



Z[0U[LYPTKP]PKLUK

25.19



UK0U[LYPTKP]PKLUK

25.07



7YVWVZLKKP]PKLUK

25.07



(KKP[PVUHS[H_VUKP]PKLUK

12.80



(ZWLYSHZ[IHSHUJLZOLL[ (KK!7YVÄ[MVY[OL`LHY 5WTÁYF[FNQFGQJKTWFUUWTUWNFYNTS ;YHUZMLY[V.LULYHSYLZLY]Lb9LMLYUV[LIILSV^d 5WTÁYF[FNQFGQJKTWINXYWNGZYNTS

2750.84



3230.72

 

Notes: H +LWYLJPH[PVUVUYL]HS\LKHTV\U[VMÄ_LKHZZL[ZYLJV\WLKMYVT9L]HS\H[PVUYLZLY]L`JYVYL I ;YHUZMLY[V.LULYHS9LZLY]LYLWYLZLU[Z[YHUZMLYYLKMYVT:[H[LTLU[VMWYVÄ[HUKSVZZPUJVTWSPHUJL^P[OWYV]PZPVUZVM[OL*VTWHUPLZ;YHUZMLYVM7YVÄ[Z [V9LZLY]LZ9\SLZ YLHK^P[O:LJ[PVU(9\SLP]VM*VTWHUPLZ(J[ 

96

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

4.

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

0.54



0.54



LONG-TERM BORROWINGS Unsecured loans 0U[LYLZ[MYLLZHSLZ[H_KLMLYYHSSVHUZMYVT:[H[L.V]LYUTLU[9LMLYUV[LILSV^

Note: ;OL*VTWHU`OHZVW[LKMVY[OLKLMLYYHS:JOLTLVMZHSLZ[H_^OPJOPZWH`HISLHZWLY[OL:JOLTLMYHTLKI`:[H[L.V]LYTLU[

(ZH[ 5.

(ZH[

DEFERRED TAX Deferred YF] assets

Deferred YF] QNFGNQNYNJX

+LMLYYLK [H_ HZZL[Z

+LMLYYLK [H_ SPHIPSP[PLZ

113.90

+PMMLYLUJLIL[^LLUIVVRHUK[H_KLWYLJPH[PVU



,_WLUZLZHSSV^HISLMVY[H_W\YWVZLZ^OLUWHPKVUWH`TLU[VM;+:

16.56

6[OLYP[LTZNP]PUNYPZL[V[PTPUNKPMMLYLUJLZ

35.31

11.56



51.87

125.46







5L[KLMLYYLK[H_SPHIPSP[`

73.59

 

+LMLYYLK[H_SPHIPSP[`HZZL[JOHYNLK[V:[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZ

23.76

 (ZH[ 

6.

(ZH[ 

OTHER LONG-TERM LIABILITIES 4YMJWUF^FGQJX +LWVZP[Z

7.

 

(ZH[ 

(ZH[ 

LONG-TERM PROVISIONS ,TWSV`LLILULÃ&#x201E;[Z9LMLYUV[Linfra

8.

28.03 28.03

41.91



41.91



(ZH[ 

(ZH[ 

29.99

 

29.99

 

SHORT-TERM BORROWINGS Secured loans Working capital demand loan -YVTIHUR9LMLYUV[LILSV^

Note: >VYRPUNJHWP[HSKLTHUKSVHUMYVTIHURPZZLJ\YLKI`O`WV[OLJH[PVUVMPU]LU[VYPLZIVVRKLI[ZHUK[YHKLYLJLP]HISLZIV[OWYLZLU[HUKM\[\YL

FI NA N C I A L S

97


`JYVYL

NOTES

9.

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

209.83

 

54.55



1179.59



TRADE PAYABLES (JJLW[HUJLZ +\L[VTPJYVHUKZTHSSLU[LYWYPZLZ9LMLYUV[LILSV^ +\L[VV[OLY[OHUTPJYVHUKZTHSSLU[LYWYPZLZ +\L[VZ\IZPKPHYPLZ

83.95



+\L[VHZZVJPH[LZ

35.15



1563.07



Note: ;OL*VTWHU`OHZHTV\U[ZK\L[VZ\WWSPLYZ\UKLY;OL4PJYV:THSSHUK4LKP\T,U[LYWYPZLZ+L]LSVWTLU[(J[4:4,+(J[HZH[Z[4HYJO ;OLKPZJSVZ\YLW\YZ\HU[[V[OLZHPK(J[PZHZ\UKLY!

H 7YPUJPWHSHTV\U[K\L[VZ\WWSPLYZ\UKLY4:4,+(J[ I 0U[LYLZ[HJJY\LKHUKK\L[VZ\WWSPLYZ\UKLY4:4,+(J[VU[OLHIV]LHTV\U[\UWHPK J 7H`TLU[THKL[VZ\WWSPLYZV[OLY[OHUPU[LYLZ[IL`VUK[OLHWWVPU[LKKH`K\YPUN[OL`LHY





54.55



0.19



150.04

 

K 0U[LYLZ[WHPK[VZ\WWSPLYZ\UKLY4:4,+(J[V[OLY[OHU:LJ[PVU

0.00



L 0U[LYLZ[WHPK[VZ\WWSPLYZ\UKLY4:4,+(J[:LJ[PVU

0.10



M 0U[LYLZ[K\LHUKWH`HISL[V^HYKZZ\WWSPLYZ\UKLY4:4,+(J[MVYWH`TLU[ZHSYLHK`THKL

0.14



N 0U[LYLZ[HJJY\LKHUKYLTHPUPUN\UWHPKH[[OLLUKVMLHJOVM[OL`LHY[VZ\WWSPLYZ\UKLY4:4,+(J[

0.05



;OLPUMVYTH[PVUOHZILLUNP]LUPUYLZWLJ[VMZ\JO]LUKVYZ[V[OLL_[LU[[OL`JV\SKILPKLU[PÃ&#x201E;LKHZTPJYVHUKZTHSSLU[LYWYPZLZVU[OLIHZPZVMPUMVYTH[PVU H]HPSHISL^P[O[OL*VTWHU`

98



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[

(ZH[

10. OTHER CURRENT LIABILITIES Current maturities: 1TSLYJWRGTWWT\NSLX 0U[LYLZ[MYLLZHSLZ[H_KLMLYYHSSVHUZMYVT:[H[L.V]LYUTLU[ (K]HUJLZMYVTJ\Z[VTLYZ

0.35



249.38



Investor Education and Protection Fund: b9LMLYUV[LILSV^d <UJSHPTLKKP]PKLUK <UJSHPTLKTH[\YLKÃ&#x201E;_LKKLWVZP[Z

1.91



-

 1.91



+\L[VKPYLJ[VYZ

12.85



+\L[VJ\Z[VTLYZJVUZ[Y\J[PVUHUKWYVQLJ[YLSH[LKHJ[P]P[`

19.61



3.47



Due to related parties: +\L[VZ\IZPKPHYPLZ 4YMJWUF^FGQJX :LJ\YP[`KLWVZP[Z

2.01

 

:[H[\[VY`K\LZ

31.68

,TWSV`LLK\LZ

10.30



6[OLYZ

31.39

  75.38



362.95



Note: ;OLYLHYLUVHTV\U[ZK\LHUKV\[Z[HUKPUN[VILJYLKP[LK[V[OL0U]LZ[VY,K\JH[PVUHUK7YV[LJ[PVU-\UKHZH[Z[4HYJO (ZH[ 

(ZH[ 

-



11. SHORT-TERM PROVISIONS ;H_LZUL[VMHK]HUJL[H_

25.07



(KKP[PVUHS[H_VUKP]PKLUK

4.26



,TWSV`LLILULÃ&#x201E;[Z9LMLYUV[Linfra

4.75



96.22



130.30



7YVWVZLKKP]PKLUK

6[OLYZWYV]PZPVUZ9LMLYUV[LILSV^

FI NA N C I A L S

99


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

Note: )NXHQTXZWJXFXWJVZNWJIG^&HHTZSYNSL8YFSIFWI &85WT[NXNTSX(TSYNSLJSY1NFGNQNYNJXFSI(TSYNSLJSY&XXJYX (1) Movement in provisions:

>HYYHU[PLZ

5H[\YLVMWYV]PZPVUZ



,_JPZLK\[`*\Z[VTZK\[` :LY]PJL[H_

:HSLZ[H_=(; 







*HYY`PUNHTV\U[H[[OLILNPUUPUNVM[OL`LHY

49.35



19.10



8.76



(KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHY

20.07



3.94



2.89



7.39



-



-

(TV\U[Z\ZLKK\YPUN[OL`LHY





<U\ZLKHTV\U[ZYL]LYZLKK\YPUN[OL`LHY

10.90



0.45

 

0.33



*HYY`PUNHTV\U[H[[OLLUKVM[OL`LHY

51.13

 

22.59

 

11.32



5H[\YLVMWYV]PZPVUZ

3PX\PKH[LKKHTHNLZ

6[OLYSP[PNH[PVUJSHPTZ







*HYY`PUNHTV\U[H[[OLILNPUUPUNVM[OL`LHY

4.62



4.37

(KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHY

;V[HS









86.20

 

2.00



0.19



29.09

(TV\U[Z\ZLKK\YPUN[OL`LHY

-



-



7.39



<U\ZLKHTV\U[ZYL]LYZLKK\YPUN[OL`LHY

-



-



11.68



6.62



4.56



96.22



*HYY`PUNHTV\U[H[[OLLUKVM[OL`LHY

(KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHYHUKYL]LYZHSVM\U\ZLKHTV\U[HYLPUJS\KLKPU[OLYLZWLJ[P]LOLHKVMHJJV\U[Z (2) Nature of provisions: H 7YVK\J[^HYYHU[PLZ!;OL*VTWHU`NP]LZ^HYYHU[PLZVUJLY[HPUWYVK\J[ZHUKZLY]PJLZPU[OLUH[\YLVMYLWHPYZYLWSHJLTLU[^OPJOMHPS[VWLYMVYTZH[PZMHJ[VYPS` K\YPUN[OL^HYYHU[`WLYPVK7YV]PZPVUTHKLYLWYLZLU[Z[OLHTV\U[VM[OLL_WLJ[LKJVZ[VMTLL[PUNZ\JOVISPNH[PVUVUHJJV\U[VMYLJ[PÃ&#x201E;JH[PVUYLWSHJLTLU[ ;OL[PTPUNVMV\[Ã&#x2026;V^ZPZL_WLJ[LK[VIL^P[OPUHWLYPVKVM[^V`LHYZ I 7YV]PZPVUMVYZHSLZ[H_=(;YLWYLZLU[ZSPHIPSP[`VUHJJV\U[VMUVUJVSSLJ[PVUVMKLJSHYH[PVUMVYTZHUKV[OLYSLNHSTH[[LYZ^OPJOHYLPUHWWLHS\UKLY[OL(J[ 9\SLZ J 7YV]PZPVUMVYL_JPZLK\[`J\Z[VTZK\[`ZLY]PJL[H_YLWYLZLU[Z[OLKPMMLYLU[PHSK\[`SPHIPSP[`[OH[PZL_WLJ[LK[VTH[LYPHSPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS K 7YV]PZPVUMVYSPX\PKH[LKKHTHNLZOHZILLUTHKLVUJVU[YHJ[ZMVY^OPJOKLSP]LY`KH[LZHYLL_JLLKLKHUKJVTW\[LKPUYLHZVUHISLHUKWY\KLU[THUULY L 7YV]PZPVUMVYSP[PNH[PVUYLSH[LKVISPNH[PVUZYLWYLZLU[ZSPHIPSP[PLZ[OH[HYLL_WLJ[LK[VTH[LYPHSPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS

100

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


FI NA N C I A L S

101

)\PSKPUNZ

14.79

  105.94 1445.14



*VTTLYJPHSYPNO[Z

9LZLHYJOHUKKL]LSVWTLU[

8ZGYTYFQ NN

Total (i+ii)

7YL]PV\Z`LHY 





      

938.16 63.59 52.21 14.28



48.23



784.65



89.55

23.09

 





 

66.46



 













-VY[OL`LHY



(JX\PZP[PVUVM*VTWHJ[-SVYVZJLU[3HTWZI\ZPULZZVM2HYTH0UK\Z[YPLZPU[LNYH[LK^LMZ[1\UL

J (KKP[PVUZK\YPUN[OL`LHYPUJS\KL`JYVYL"7YL]PV\Z`LHY`JYVYLYLSH[PUN[VYLZLHYJOHUKKL]LSVWTLU[



839.51

72.86

13.52

23.28

15.47

20.59

766.65

1.31

7.61

39.74

40.27

574.31

100.26

3.15

-

<W[V 

I *VZ[VM3HUKPUJS\KL`JYVYL"7YL]PV\Z`LHY`JYVYLHUK)\PSKPUNZPUJS\KL`JYVYL"7YL]PV\Z`LHY`JYVYLHKKLKVUYL]HS\H[PVUVU[O1\UL 



34.69

-









34.69









  







+LK\J[PVUZ

PPPUJVVWLYH[P]LZVJPL[``JYVYL"7YL]PV\Z`LHY`JYVYLWLUKPUNMVYHSSV[TLU[VMZOHYLZ



1594.41

49.77

 

43.52

153.25

 

37.91

734.88

23.59

1441.16



 

17.40 333.96

4.86

 

<W[V 

16.70

(ZH[ 

P PU]HYPV\ZJVVWLYH[P]LZVJPL[PLZHUKHWHY[TLU[Z!`JYVYL"7YL]PV\Z`LHY`JYVYLPUJS\KPUNZOHYLZVM`LHJOHUKZOHYLZVM`LHJO



38.06

-









38.06







 









+LK\J[PVUZ



 

172.54

47.31









125.23







 









(KKP[PVUZ

+LWYLJPH[PVU(TVY[PZH[PVU



H *VZ[=HS\H[PVUVM)\PSKPUNZPUJS\KLZV^ULYZOPWHJJVTTVKH[PVU!

Notes:



 





*VTW\[LYZVM[^HYL





;LJOUPJHSRUV^OV^

NN .SYFSLNGQJ&XXJYX

8ZGYTYFQ N





14.79

  

6MÃ&#x201E;JLLX\PWTLU[Z

=LOPJSLZ







-\YUP[\YLHUKÃ&#x201E;_[\YLZ



 





(JX\PZP[PVU

1339.20



7SHU[HUKLX\PWTLU[Z

4\SJIFXXJYXQJFXJITZY

  



3LHZLOVSKSHUK

)\PSKPUNZ



-YLLOVSKSHUK

4\SJIFXXJYX

N 9FSLNGQJFXXJYX

(ZH[ 

.YVZZISVJR*VZ[=HS\H[PVU

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

12. FIXED ASSETS

NOTES

80.39

34.71

20.24

8.12

17.32

674.51

3.55

6.67

12.47

23.32

363.85

233.70

14.25

16.70

(ZH[ 

56.17



 





604.32





 





 





(ZH[ 

5L[ISVJR

`JYVYL


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

0.44



0.44



13. NON-CURRENT INVESTMENTS Quoted investments 0U]LZ[TLU[PU.V]LYUTLU[VY[Y\Z[ZLJ\YP[PLZ Unquoted investments Investments in equity instruments :\IZPKPHY`JVTWHUPLZ

559.64



(ZZVJPH[LJVTWHUPLZ

227.60



8.01



6[OLYZ .S[JXYRJSYNSIJGJSYZWJX :\IZPKPHY`JVTWHUPLZ

9.92

 

6[OLYZ

0.05



0.05



805.27



805.71



Others

Notes: Quoted investments )VVR]HS\L

0.44



4HYRL[]HS\L

0.44



805.27



Unquoted investments )VVR]HS\L

9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LZ[TLU[ZXZUWF

102

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

-HJL]HS\L WLY\UP[PU `\USLZZ V[OLY^PZL ZWLJPMPLK

5VVM ZOHYLZ\UP[Z (ZH[ 

(ZH[ 

(ZH[ 



39000

0.44



0.44



1600000

0.74



,<9

480000

352.48



<:+

42134142

194.34

 



10000000

10.02



 *.770(KOLZP]L7YVK\J[Z3PTP[LK



2005520

2.01



 *.7V^LY:VS\[PVUZ3PTP[LK



50000

13. NON-CURRENT INVESTMENTS (Contd.) Details of investments: A)

Quoted investments Government and trust securities 

*LU[YHS.V]LYUTLU[:LJ\YP[PLZ



 .60VM`LHJO



b+PT\UP[PVUPU]HS\LWYV]PKLKK\YPUN[OL`LHY`JYVYL"7YL]PV\Z`LHY`JYVYLd

Total (A)

B)

Unquoted investments Investments in equity instruments .S[JXYRJSYNSXZGXNINFW^HTRUFSNJX Fully paid equity shares  *.,ULYN`4HUHNLTLU[3PTP[LK  *.0U[LYUH[PVUHS)=ZOHYLZHJX\PYLKK\YPUN[OL`LHY  *YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK 

*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK



0.05 559.64

 

Investment in associate companies Fully paid equity shares  *.3\J`:^P[JONLHY3PTP[LK  7V^LY,X\PWTLU[3PTP[LK*HYYPLKH[UVTPUHS]HS\LVM`  (]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK



599993

0.60



<:+

20600

0.00





213300228

227.00



227.60



Others 

800000

8.00



 +PUL[[L,_JS\ZP]L*S\I7YP]H[L3PTP[LK



500

0.01



 9HKPHU[,SLJ[YVUPJZ3PTP[LK*HYYPLKH[UVTPUHS]HS\LVM`



190000

 (]HU[OH/VSKPUNZ3PTP[LK 

6W[PVUHSS`*VU]LY[PISLALYV*V\WVU5VUTHYRL[HISL[YHUZMLYHISL+LILU[\YLZ

0.00



8.01



.S[JXYRJSYXNSIJGJSYZWJX .S[JXYRJSYXNSXZGXNINFW^HTRUFS^ *.,ULYN`4HUHNLTLU[3PTP[LK



9918000

9.92

 



5000

0.05



9.97

 

0.05



 <UZLJ\YLK0YYLKLLTHISL5VUJVU]LY[PISL+LILU[\YLZVM`LHJO Others +PUL[[L,_JS\ZP]L*S\I7YP]H[L3PTP[LK  <UZLJ\YLK0YYLKLLTHISL5VUJVU]LY[PISL+LILU[\YLZVM`LHJO

Other investments <;0)HSHUJLK-\UK+P]PKLUK7SHU7H`V\[



55909

0.05



Total (B)

805.27



Total (A+B)

805.71



FI NA N C I A L S

103


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

14. LONG-TERM LOANS AND ADVANCES :SXJHZWJIHTSXNIJWJILTTIZSQJXXTYMJW\NXJXYFYJI *HWP[HSHK]HUJLZ

29.88



+LWVZP[Z

12.79



42.67



(ZH[ 

(ZH[ 

15. CURRENT INVESTMENTS Quoted investments 0.77

0U]LZ[TLU[ZPULX\P[`PUZ[Y\TLU[Z 0U]LZ[TLU[ZPUT\[\HSM\UKZ Notes: Quoted investments )VVR]HS\L 4HYRL[]HS\L 9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LZ[TLU[ZXZUWF

Details of investments: Investments in equity instruments 5PJJV*VYWVYH[PVU3PTP[LK 0+)0)HUR3PTP[LK 1*;,SLJ[YVUPJZ3PTP[LK b+PT\UP[PVUPU]HS\LWYV]PKLKK\YPUN[OL`LHY`JYVYL"7YL]PV\Z`LHY`JYVYLd  Investments in mutual funds *HUHYH9VILJV;YLHZ\Y`(K]HU[HNL-\UK9LN\SHY+HPS`+P]PKLUK :\UKHYHT<S[YH:OVY[;LYT-\UK9LN\SHY+HPS`+P]PKLUK9LPU]LZ[TLU[ )++)PYSH:\U3PML*HZO7S\Z+HPS`+P]PKLUK9LN\SHY7SHU9LPU]LZ[TLU[ 9LSPNHYL<S[YH:OVY[;LYT-\UK0UZ[P[\[PVUHS+HPS`+P]PKLUK )HYVKH7PVULLY3PX\PK-\UK7SHU(+HPS`+P]PKLUK9LPU]LZ[TLU[ <;0-SVH[PUN9H[L-\UK:OVY[;LYT7SHU9LN\SHY7SHU+HPS`+P]PKLUK9LPU]LZ[TLU[ /+-*-SVH[PUN9H[L0UJVTL-\UK:OVY[;LYT7SHU>OVSLZHSL6W[PVU+P]PKLUK9LPU]LZ[TLU[ 7YPUJPWHS0UJVTL-\UK:OVY[;LYT7SHU9LN\SHY7SHU+P]PKLUK6W[PVU4VU[OS`9LPU]LZ[TLU[ 05- 2*9 0*0*07Y\KLU[PHS<S[YH:OVY[;LYT9LN\SHY7SHU+HPS`+P]PKLUK 4VYNHU:[HUSL`(J[P]L)VUK-\UK9LN\SHY8\HY[LYS`+P]PKLUK 7LLYSLZZ<S[YH:OVY[;LYT-\UK:\WLY0UZ[P[\[PVUHS+HPS`+P]PKLUK9LPU]LZ[TLU[ )577HYPIHZ-SL_P+LI[-\UK+HPS`+P]PKLUK 3++9<UPVU2)*3PX\PK-\UK+HPS`+P]PKLUK9LPU]LZ[TLU[

104

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4



19.86



20.63



20.63 20.72

 



-HJL]HS\L WLY\UP[PU `\USLZZ V[OLY^PZL ZWLJPMPLK

5VVM ZOHYLZ\UP[Z (ZH[ 

(ZH[ 

(ZH[ 

  

330390 127720 250000

0.02 0.74 0.01

  

0.77



19.86 -

            

            

16197471 69914716 1597230 50135 299879 56069 4982999 12740705 69561715 16869735 69751551 50703044 699930

19.86



20.63






`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[

(ZH[

16. INVENTORIES 9H^TH[LYPHSZ (KK!.VVKZPU[YHUZP[

165.54

>VYRPUWYVNYLZZTHU\MHJ[\YPUN -PUPZOLKNVVKZTHU\MHJ[\YPUN (KK!,_JPZLK\[`VUÃ&#x201E;UPZOLKNVVKZ



54.12

 219.66



205.25



59.47



5.17

 64.64

 

63.07



4.38



0.78 557.78

 

:[VJRPU[YHKL :[VYLZZWHYLZHUKWHJRPUNTH[LYPHSZ 3VVZL[VVSZ



5V[L!9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LU[VYPLZXZUWF

(ZH[

(ZH[

17. TRADE RECEIVABLES Unsecured )JGYXT[JWIZJKTWXN]RTSYMX *VUZPKLYLKNVVK *VUZPKLYLKKV\I[M\S Less:(SSV^HUJLMVYKV\I[M\SKLI[Z

232.61



95.48



328.09



95.48

 232.61



4YMJWIJGYX *VUZPKLYLKNVVK

1675.31



1907.92



(ZH[

(ZH[

18. CASH AND BANK BALANCES Cash and cash equivalents: 'FQFSHJX\NYMGFSPXb9LMLYUV[LHILSV^d 6UJ\YYLU[HJJV\U[Z 6UKLWVZP[HJJV\U[Zb^P[OSLZZ[OHUTVU[OZTH[\YP[`9LMLYUV[LIILSV^d

437.15



3.60



440.75 *HZOVUOHUK



0.13

 440.88



4YMJWGFQFSHJX *FWRFWPJIGFQFSHJX\NYMGFSPXb9LMLYUV[LJILSV^d <UWHPKKP]PKLUKZ

1.91



<UWHPKTH[\YLKÃ&#x201E;_LKKLWVZP[ZHUKPU[LYLZ[HJJY\LK[OLYLVU

0.01



1.92



Other 6UKLWVZP[HJJV\U[Z^P[OTVYL[OHUTVU[OZTH[\YP[`

-

 1.92 442.80

 

Notes: H ;OLYLHYLUVIHSHUJLZ^P[OIHURZOLSKHZTHYNPUTVUL`VYZLJ\YP[`HNHPUZ[[OLIVYYV^PUNZN\HYHU[LLZHUKV[OLYJVTTP[TLU[Z I +LWVZP[ZVM`JYVYL7YL]PV\Z`LHY`JYVYLHYL\UKLYSPLU^P[OIHURZ J ;OLYLHYLUVHTV\U[ZK\LHUKV\[Z[HUKPUN[VILJYLKP[LK[V[OL0U]LZ[VY,K\JH[PVUHUK7YV[LJ[PVU-\UKHZH[Z[4HYJO

FI NA N C I A L S

105


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[

(ZH[

19. SHORT-TERM LOANS AND ADVANCES :SXJHZWJIHTSXNIJWJILTTIZSQJXXTYMJW\NXJXYFYJI Security deposits: *VUZPKLYLKNVVK *VUZPKLYLKKV\I[M\S Less: (SSV^HUJLMVYIHKHUKKV\I[M\SHK]HUJLZ

36.97

 

1.20



38.17



1.20

 36.97

 

Loans and advances to related parties: :\IZPKPHYPLZ (ZZVJPH[LZ 6[OLYYLSH[LKWHY[`

655.33

 

-



11.20

 666.53

 

&I[FSHJXWJHT[JWFGQJNSHFXMTWNSPNSITWKTW[FQZJYTGJWJHJN[JI *VUZPKLYLKNVVK *VUZPKLYLKKV\I[M\S

142.12

 

2.77



144.89 Less: (SSV^HUJLMVYIHKHUKKV\I[M\SHK]HUJLZ



2.77

 142.12

)HSHUJLZ^P[OL_JPZLJ\Z[VTZZLY]PJL[H_HUK]HS\LHKKLK[H_L[J

 

73.60

 

919.22

  (ZH[ 

(ZH[ 

20. OTHER CURRENT ASSETS 0U[LYLZ[HJJY\LKVUPU]LZ[TLU[ZHUKKLWVZP[Z 6[OLYYLJLP]HISLZ

106

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

0.05



67.04

 

67.09

 


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)





21. REVENUE FROM OPERATIONS :HSLVMWYVK\J[Z :HSLVMZLY]PJLZ

7870.97



41.52

 7912.49

Less:,_JPZLK\[`



422.92



7489.57



Note: :HSLZ=HS\L

:HSLZ=HS\L





1826.24



DISCLOSURE OF SALE OF PRODUCTS P

;YHUZMVYTLYZ9LHJ[VYZHUK(JJLZZVYPLZ[OLYLVM

PP

:^P[JONLHYZ*VU[YVS,X\PWTLU[ZHUK(JJLZZVYPLZ[OLYLVM

857.36



PPP

;YHJ[PVU,SLJ[YVUPJ0UK\Z[YPHS+YP]LZHUK:*(+(

189.74



1298.21



579.01



44.60



1284.77



P] ,SLJ[YPJ4V[VYZ(S[LYUH[VYZHUK+YP]LZ7HULSZ ]

7V^LYKYP]LU7\TWZ

]P ,SLJ[YPJ:[LLS:[HTWPUNHUK3HTPUH[LZ ]PP ,SLJ[YPJ-HUZ=LU[PSH[PVUHUK7VSS\[PVU*VU[YVS:`Z[LTZ ]PPP ,SLJ[YPJ3HTWZ

900.95

 

P_ (WWSPHUJLZ

181.72



708.37



7870.97







61.78



:\IZPKPHYPLZ

0.20



6[OLYZ

0.05



.HPUVUZHSLVMPU]LZ[TLU[ZUL[

10.86



,_JOHUNLNHPUUL[

43.31



_

6[OLYZ

22. OTHER INCOME 0U[LYLZ[PUJVTL Dividend income:

4YMJWSTSTUJWFYNSLNSHTRJ SJYTKJ]UJSXJX 0UJVTLMYVTSLHZLVMWYLTPZLZI\ZPULZZZLY]PJLJLU[LYZ

19.38

4PZJLSSHULV\ZPUJVTL

40.14



175.72





FI NA N C I A L S

107


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

 23. COST OF RAW MATERIALS AND COMPONENTS CONSUMED AND CONSTRUCTION MATERIALS 6WLUPUNZ[VJR (KK!7\YJOHZLZ Less:*SVZPUNZ[VJR Less::JYHWZHSLZ



223.77 3476.56 219.66 3480.67 82.46

(KK!:\IJVU[YHJ[PUNJOHYNLZ

      3398.21 219.31

 

3617.52



Note:

DISCLOSURE OF RAW MATERIALS AND COMPONENTS CONSUMED AND CONSTRUCTION MATERIALS P -LYYV\ZTH[LYPHSZ PP 5VUMLYYV\ZTH[LYPHSZ PPP *OLTPJHSZ6PSZHUK7HPU[Z P] >PYLZ7PWLZ;\ILZHUK*HISLZ ] *VTWVULU[Z ]P 6[OLYZ





595.07 775.24 176.44 25.44 1271.47 637.01

     

3480.67







24. PURCHASES OF STOCK-IN-TRADE 7\YJOHZLZVMZ[VJRPU[YHKL

1993.21



1993.21







355.51 461.70 497.96 138.31 539.73

      

1993.21



Note:

DETAILS OF PURCHASES OF STOCK-IN-TRADE P PP PPP P] ]

7V^LYKYP]LU7\TWZ ,SLJ[YPJ-HUZ=LU[PSH[PVU*VU[YVS:`Z[LTZHUK7VSS\[PVU*VU[YVS:`Z[LTZ ,SLJ[YPJ3HTWZ (WWSPHUJLZ 6[OLYZ





25. CHANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN-PROGRESS AND STOCK-IN-TRADE (MFSLJXNSNS[JSYTWNJXTKÁSNXMJILTTIXFSI\TWPNSUWTLWJXX Closing stock -PUPZOLKNVVKZ >VYRPUWYVNYLZZ Opening stock -PUPZOLKNVVKZ >VYRPUWYVNYLZZ

64.64 205.25 269.89

   

68.94 173.40 242.34

   (27.55)

Changes in inventories of stock-in-trade: Closing stock :[VJRPU[YHKL Opening stock :[VJRPU[YHKL

63.07



77.85

 14.78 (12.77)

108

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

 

  




`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)





416.13



21.25



26. EMPLOYEE BENEFITS EXPENSE :HSHYPLZ^HNLZHUKIVU\Z *VU[YPI\[PVU[VWYV]PKLU[HUKV[OLYM\UKZ 7VZ[YL[PYLTLU[TLKPJHSILULÃ&#x201E;[Z :[HMM^LSMHYLL_WLUZLZ

9.66



29.32



476.36







39.76



27. FINANCE COSTS 0U[LYLZ[VUSVHUZ 3VZZVUMVYLPNUJ\YYLUJ`[YHUZHJ[PVUZHUK[YHUZSH[PVU

-



39.76







89.55



28. DEPRECIATION AND AMORTISATION EXPENSE +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

0.20



89.35







*VUZ\TW[PVUVMZ[VYLZHUKZWHYLZ

46.74



7V^LYHUKM\LS

49.32



9LU[

12.42



Less:9LJV\WTLU[MYVTYL]HS\H[PVUYLZLY]Lb9LMLYUV[LHXZUWFd

29. OTHER EXPENSES

9LWHPYZ[VI\PSKPUNZ

8.30



9LWHPYZ[VTHJOPULY`

31.53



9.79



0UZ\YHUJL

42.23



157.88

 

7HJRPUNTH[LYPHSZ

86.95



(M[LYZHSLZZLY]PJLZPUJS\KPUN^HYYHU[PLZ

47.33

 

9H[LZHUK[H_LZ -YLPNO[HUKMVY^HYKPUN

:HSLZWYVTV[PVU 4PZJLSSHULV\ZL_WLUZLZ9LMLYUV[LILSV^

76.55

 

180.37



749.41

 





Note:

MISCELLANEOUS EXPENSES INCLUDES THE FOLLOWING: P

PP

(\KP[VYZYLT\ULYH[PVUL_JS\KPUNZLY]PJL[H_ (\KP[MLLZ

0.78



;H_H\KP[MLLZ

0.14



*LY[PÃ&#x201E;JH[PVU^VYR

0.35



6[OLYZLY]PJLZ

0.18



,_WLUZLZYLPTI\YZLK

0.32



1.77



+VUH[PVU[VWVSP[PJHSWHY[`º)OHYH[P`H1HUH[H7HY[`»`JYVYL

FI NA N C I A L S

109


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

30. CONTINGENT LIABILITIES AND COMMITMENTS &

(TSYNSLJSY1NFGNQNYNJX



[V[OLL_[LU[UV[WYV]PKLKMVY

H *SHPTZHNHPUZ[[OL*VTWHU`UV[HJRUV^SLKNLKHZKLI[Z I :HSLZ[H_=(;SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS J ,_JPZLK\[`J\Z[VTZK\[`ZLY]PJL[H_SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS K 0UJVTL[H_SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHSWYLMLYYLKI`[OLKLWHY[TLU[ L .\HYHU[LLZZLJ\YP[PLZNP]LUVUILOHSMVMZ\IZPKPHY`JVTWHUPLZ M B

)PSSZKPZJV\U[LK

110

 

4.50



4.26



1456.45

 

91.52

 

94.29



Commitments: ,Z[PTH[LKHTV\U[VMJVU[YHJ[ZYLTHPUPUN[VILL_LJ\[LKVUJHWP[HSHJJV\U[HUKUV[WYV]PKLKMVYUL[VMHK]HUJLZ



9.18 15.97

0[PZUV[WYHJ[PJHISL[VLZ[PTH[L[OL[PTPUNVMJHZOV\[Ã&#x2026;V^ZPMHU`PUYLZWLJ[VMTH[[LYZH[H[VKHIV]LWLUKPUNYLZVS\[PVUVM[OLHYIP[YH[PVUHWWLSSH[L WYVJLLKPUNZ

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

31. ;OL )VHYK VM +PYLJ[VYZ OH]L HWWYV]LK [OL :JOLTL VM (THSNHTH[PVU VM *.A0= 7V^LY (\[VTH[PVU :VS\[PVUZ 3PTP[LK HUK *. ,ULYN` 4HUHNLTLU[ 3PTP[LK ^OVSS`V^ULKZ\IZPKPHYPLZ^P[O[OL*VTWHU`VU [O1HU\HY`;OLHTHSNHTH[PVU^PSSILLMMLJ[P]LMYVTZ[(WYPSZ\IQLJ[[VYLJLPW[VMHSSYLN\SH[VY` HWWYV]HSZ





H 9H^TH[LYPHSZJVUZ\TLK

5.28

 

I ,TWSV`LLILULÃ&#x201E;[ZL_WLUZL

4.58



J 6[OLYL_WLUZLZ

0.10



H 9H^TH[LYPHSZ

686.90

 

I ;YHKPUNNVVKZ

143.78



32. *]UJSXJXHFUNYFQNXJIIZWNSLYMJ^JFW

33. ;FQZJTKNRUTWYX TS(.+GFXNX

6.79



11.20



H ;LJOUPJHSRUV^OV^MLLZ

4.74



I 7YVMLZZPVUHSJOHYNLZ

1.39



J 0U[LYLZ[

2.04



53.80



J :WHYLWHY[Z K *HWP[HSNVVKZ 34. *]UJSINYZWJNSKTWJNLSHZWWJSH^

K *VTTPZZPVU[YH]LSSPUNHUKV[OLYZ 35. Remittance in foreign currency on account of dividend: -PUHSKP]PKLUKMVY`LHYLUKLKZ[4HYJO H 5\TILYVMUVUYLZPKLU[ZOHYLOVSKLYZ I 5\TILYVMZOHYLZOLSK J (TV\U[VMKP]PKLUK

247 19088147 0.76

 

 

Z[0U[LYPTKP]PKLUKMVY`LHYLUKPUNZ[4HYJO H 5\TILYVMUVUYLZPKLU[ZOHYLOVSKLYZ I 5\TILYVMZOHYLZOLSK J (TV\U[VMKP]PKLUK

247 19059897 0.76

   

UK0U[LYPTKP]PKLUKMVY`LHYLUKPUNZ[4HYJO H 5\TILYVMUVUYLZPKLU[ZOHYLOVSKLYZ I 5\TILYVMZOHYLZOLSK J (TV\U[VMKP]PKLUK

246



18422387

 

0.74



902.16



36. *FWSNSLXNSKTWJNLSJ]HMFSLJ H ,_WVY[VMNVVKZVU-6)IHZPZPUJS\KPUNKLLTLKL_WVY[Z`JYVYL" 7YL]PV\Z`LHY` JYVYL

8.76



J 0U[LYLZ[

29.65



K 6[OLYZ

50.19

 

I :LY]PJLPUJVTL

FI NA N C I A L S

111


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)





-



37. EXPENDITURE ON RESEARCH AND DEVELOPMENT F (FUNYFQJ]UJSINYZWJ )\PSKPUN 7SHU[HUKLX\PWTLU[Z

12.75

 

-\YUP[\YLHUKÃ&#x201E;_[\YLZ

0.50



=LOPJSLZ

0.27



0U[HUNPISLHZZL[Z

3.00



*HWP[HS^VYRPUWYVNYLZZ

1.25



0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[

16.42



8ZGYTYFQ F

34.19



G 7J[JSZJJ]UJSINYZWJ 9H^TH[LYPHSZJVUZ\TLK ,TWSV`LLILULÃ&#x201E;[ZL_WLUZL +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

0.93



29.01



8.21



6[OLYL_WLUZLZ! *VUZ\TW[PVUVMZ[VYLZHUKZWHYLZ

2.64



7V^LYHUKM\LS

0.81

 

9LU[

0.27



9LWHPYZ[VI\PSKPUNZ

0.49



9LWHPYZ[VTHJOPULY`

1.91



0UZ\YHUJL

0.36



9H[LZHUK[H_LZ

0.24



4PZJLSSHULV\ZL_WLUZLZ

7.39



8ZGYTYFQ G

52.26



9TYFQ F G

86.45

 





38. CONSUMPTION OF RAW MATERIALS, AND COMPONENT CONSUMED AND CONSTRUCTION MATERIALS Percentage of total Consumption

` crore

7LYJLU[HNL VM[V[HS *VUZ\TW[PVU

`JYVYL

9H^TH[LYPHSZHUKJVUZ[Y\J[PVUTH[LYPHSZ! 0TWVY[LK

18.29

636.73





0UKPNLUV\Z

81.71

2843.94





100.00

3480.67





:WHYLWHY[Z! 5.79

2.66





94.21

43.30





100.00

45.96





100.00

0.78





100.00

0.78









300.10

 

1894.50

 

0TWVY[LK 0UKPNLUV\Z 3VVZL[VVSZ! 0UKPNLUV\Z

39. DISCLOSURES UNDER ACCOUNTING STANDARD (AS) 7 CONSTRUCTION CONTRACTS H *VU[YHJ[YL]LU\LYLJVNUPZLKMVY[OLÃ&#x201E;UHUJPHS`LHY I (NNYLNH[LHTV\U[VMJVU[YHJ[JVZ[ZPUJ\YYLKHUKYLJVNUPZLKWYVÃ&#x201E;[Z SLZZYLJVNUPZLKSVZZLZMVYHSSJVU[YHJ[ZPUWYVNYLZZ\W[V[OLYLWVY[PUNKH[L J (TV\U[VMJ\Z[VTLYHK]HUJLZV\[Z[HUKPUNMVYJVU[YHJ[ZPUWYVNYLZZHZH[YLWVY[PUNKH[L K 9L[LU[PVUHTV\U[K\LMYVTJ\Z[VTLYMVYJVU[YHJ[PUWYVNYLZZHZH[[OLYLWVY[PUNKH[L

112

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

59.50



131.44




`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

40. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS H +LÄULKJVU[YPI\[PVUWSHUZB9LMLYHJJV\U[PUNWVSPJ`UV[LIXZUWFD  (TV\U[VM`JYVYL7YL]PV\Z`LHY`JYVYLPZYLJVNUPZLKHZHUL_WLUZLHUKPUJS\KLKPU,TWSV`LLILULÄ[ZL_WLUZLHZ\UKLY[OLMVSSV^PUNKLÄULK JVU[YPI\[PVUWSHUZ!9LMLYUV[LXZUWF





12.04



'JSJKNYX (TSYWNGZYNTSYT 7YV]PKLU[M\UK :\WLYHUU\H[PVUM\UK

4.47



,TWSV`LLZ[H[LPUZ\YHUJLZJOLTL

0.58



0.02 17.11

 

3HIV\Y^LSMHYLZJOLTL Total I +LÄULK)LULÄ[7SHUZb9LMLYHJJV\U[PUNWVSPJ`UV[LIXZUWFdHZWLY(J[\HYPHS=HS\H[PVUHYLHZ\UKLY! .YH[\P[`

I

(MFSLJNSUWJXJSY[FQZJTKIJÁSJIGJSJÁYTGQNLFYNTS during the year



7YLZLU[]HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLILNPUUPUN VM[OL`LHY

7VZ[9L[PYLTLU[4LKPJHS )LULMP[Z

3LH]L,UJHZOTLU[













-\UKLK

-\UKLK

5VUM\UKLK

5VUM\UKLK

(Nonfunded)

(Nonfunded)

52.36



24.80



16.47





0U[LYLZ[JVZ[

4.19

 

1.99



1.36

 



*\YYLU[ZLY]PJLJVZ[

3.27



1.86



0.66





7HZ[ZLY]PJLJVZ[

-



-



-





3PHIPSP[`[YHUZMLYMYVTV[OLY*VTWHU`

0.04



0.03



-





)LULÄ[ZWHPK

(6.02)



(3.87)



(5.62)

 

1.87



1.34

 

7.64



55.71



26.15



20.51



52.36



-



-



4.55



-



-

4.18



3.87



5.62



(6.02)



(3.87)



(5.62)

 

0.64



-



-



55.71



-



-





(1.34)

 

(7.64)



4.55



-



-



0.64



-



-



5.19



-



-



(55.71)



(26.15)



(20.51)



55.71



-



-



(26.15)



(20.51)





(J[\HYPHSNHPUZSVZZLZ



7YLZLU[=HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLLUKVM[OL`LHY

II

Change in fair value of plan assets during the year



-HPY]HS\LVMWSHUHZZL[ZH[[OLILNPUUPUNVM[OL`LHY



,_WLJ[LKYL[\YUVUWSHUHZZL[Z



*VU[YPI\[PVUZ



)LULÄ[ZWHPKMYVT[OLM\UK



(J[\HYPHSNHPUSVZZ



-HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY



;V[HSHJ[\HYPHSNHPUSVZZ[VILYLJVNUPZLK

(1.23)

III

Actual return on plan assets



,_WLJ[LKYL[\YUVUWSHUHZZL[Z



(J[\HYPHSNHPUSVZZ



(J[\HSYL[\YUVUWSHUHZZL[Z

IV

3JYFXXJY QNFGNQNY^WJHTLSNXJINSYMJGFQFSHJXMJJY





7YLZLU[=HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLLUKVM[OL`LHY



-HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY



(TV\U[YLJVNUPZLKPU[OLIHSHUJLZOLL[

-



5L[SPHIPSP[`HZZL[*\YYLU[

-



(3.48)



(1.27)

 

5L[SPHIPSP[`HZZL[5VUJ\YYLU[

-



(22.67)



(19.24)



V

*]UJSXJXWJHTLSNXJINSYMJXYFYJRJSYTKUWTÁYFSIQTXX for the year



*\YYLU[ZLY]PJLJVZ[

3.27



1.86



0.66





0U[LYLZ[JVZ[

4.19

 

1.99



1.36

 



,_WLJ[LKYL[\YUVUWSHUHZZL[Z

(4.55)



-



-





(J[\HYPHSNHPUZSVZZLZ

1.23



1.34

 

7.64





;V[HSL_WLUZLZHZWLYHJ[\HYPHS]HS\H[PVU

4.14



5.19



9.66





6W[PVUHSWH`TLU[

-



-



-





;V[HSL_WLUZLZPUJS\KLKPULTWSV`LLILULÄ[ZL_WLUZL

4.14



5.19



9.66

 FI NA N C I A L S

113


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

40. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS (Contd.) .YH[\P[`

7VZ[9L[PYLTLU[4LKPJHS )LULMP[Z

3LH]L,UJHZOTLU[













-\UKLK

-\UKLK

5VUM\UKLK

5VUM\UKLK

(Nonfunded)

(Nonfunded)



VI

Balance sheet reconciliation



6WLUPUNUL[SPHIPSP[`

-



24.80



16.47



,_WLUZLZHZHIV]L

4.14



5.19



9.66





,TWSV`LYZJVU[YPI\[PVU

(4.18)



(3.87)



(5.62)

 



3PHIPSP[`[YHUZMLYMYVTV[OLYJVTWHU`

0.04



0.03



-





(TV\U[YLJVNUPZLKPU[OLIHSHUJLZOLL[

-



26.15



20.51



100%



-

-

-



-



-



0.15



-



-



(0.13)

 

-



-



1.93



-



-



(1.58)



(6.17)



(1.47)

 

(9.76)



0.64



-



-



VII The major categories of plan assets as a percentage of total Insurer managed funds VIII Effect of one percent point change in the assumed RJINHFQNSÃ&#x201A;FYNTSWFYJ  0UJYLHZLKLJYLHZLVUHNNYLNH[LZLY]PJLHUKPU[LYLZ[ JVZ[VM7VZ[9L[PYLTLU[4LKPJHS)LULÃ&#x201E;[Z P

6ULWLYJLU[HNLWVPU[PUJYLHZLPUKPZJV\U[YH[L

PP 6ULWLYJLU[HNLWVPU[KLJYLHZLPUKPZJV\U[YH[L  0UJYLHZLKLJYLHZLVUWYLZLU[]HS\LVMKLÃ&#x201E;ULK ILULÃ&#x201E;[ZVISPNH[PVUH[[OLLUKVM[OL`LHY P

6ULWLYJLU[HNLWVPU[PUJYLHZLPU4LKPJHS0UÃ&#x2026;H[PVUYH[L

PP 6ULWLYJLU[HNLWVPU[KLJYLHZLPU4LKPJHS 0UÃ&#x2026;H[PVUYH[L IX

*]UJWNJSHJ&IOZXYRJSY 6UWSHUSPHIPSP[PLZNHPUSVZZ 6UWSHUHZZL[ZNHPUSVZZ

X

Actuarial assumptions



+PZJV\U[YH[L

9.41% p.a.

 WH

9.41% p.a.

 WH

9.41% p.a.

 WH



9H[LVMYL[\YUVUWSHUHZZL[Z

8.70% p.a.

 WH

-



-





:HSHY`LZJHSH[PVU

6.00% p.a.

 WH

6.00% p.a.

 WH

-





4VY[HSP[`WYLYL[PYLTLU[YH[L

30* 30* Indian    Assured Lives    <S[PTH[L;HISL Mortality <S[PTH[L;HISL (2006-08) Ultimate

-





4VY[HSP[`WVZ[YL[PYLTLU[YH[L

-



-





4LKPJHSWYLTP\TPUÃ&#x2026;H[PVUYH[L

-



-



Indian Assured Lives Mortality (2006-08) Ultimate

30* Indian    Assured Lives Mortality <S[PTH[L;HISL (2006-08) Ultimate 4.00 % p.a.

 WH

J ;OL *VTWHU` THRLZ JVU[YPI\[PVU [V^HYKZ Z\WLYHUU\H[PVU M\UK HZ H KLÃ&#x201E;ULK JVU[YPI\[PVU YL[PYLTLU[ ILULÃ&#x201E;[ WSHU MVY X\HSPM`PUN LTWSV`LLZ ;V M\UK [OL ILULÃ&#x201E;[Z[OL*VTWHU`PZYLX\PYLK[VJVU[YPI\[LHZWLJPÃ&#x201E;LKWLYJLU[HNLVMZHSHY`[V[OLYLZWLJ[P]L;Y\Z[Z^OPJOHKTPUPZ[LY[OLYL[PYLTLU[ILULÃ&#x201E;[ZJOLTLZ K ;OL*VTWHU`THRLZHUU\HSJVU[YPI\[PVUZ[V[OL*YVTW[VU.YLH]LZ3PTP[LK.YH[\P[`;Y\Z[^OPJOPZM\UKLKKLÃ&#x201E;ULKILULÃ&#x201E;[WSHUMVYX\HSPM`PUNLTWSV`LLZ ;OL:JOLTLWYV]PKLZMVYS\TWZ\TWH`TLU[[V]LZ[LKLTWSV`LLZH[YL[PYLTLU[KLH[O^OPSLPULTWSV`TLU[VYVU[LYTPUH[PVUVMLTWSV`TLU[HZWLY[OL *VTWHU`»Z.YH[\P[`:JOLTL=LZ[PUNVJJ\YZ\WVUJVTWSL[PVUVMÃ&#x201E;]L`LHYZVMZLY]PJL L ;OL*VTWHU`WYV]PKLZWVZ[YL[PYLTLU[TLKPJHSILULÃ&#x201E;[Z[VX\HSPM`PUNLTWSV`LLZ M ;OLHJ[\HYPHS]HS\H[PVUVMWSHUHZZL[ZHUK[OLWYLZLU[]HS\LVM[OLKLÃ&#x201E;ULKILULÃ&#x201E;[VISPNH[PVU^LYLJHYYPLKV\[H[Z[4HYJO;OLWYLZLU[]HS\LVM[OL KLÃ&#x201E;ULKILULÃ&#x201E;[VISPNH[PVUHUK[OLYLSH[LKJ\YYLU[ZLY]PJLJVZ[HUKWHZ[ZLY]PJLJVZ[^LYLTLHZ\YLK\ZPUN[OL7YVQLJ[LK<UP[*YLKP[4L[OVK N +PZJV\U[YH[LPZIHZLKVU[OLWYL]HPSPUNTHYRL[`PLSKZVM0UKPHU.V]LYUTLU[ZLJ\YP[PLZHZH[[OLIHSHUJLZOLL[KH[LMVY[OLLZ[PTH[LK[LYTVM[OLVISPNH[PVUZ O ,_WLJ[LKYH[LVMYL[\YUVU[OLWSHUHZZL[ZPZIHZLKVU[OLH]LYHNLSVUN[LYTYH[LVMYL[\YUL_WLJ[LKVUPU]LZ[TLU[ZVM[OL-\UKK\YPUN[OLLZ[PTH[LK[LYT VM[OLVISPNH[PVUZ P

1 14

;OLZHSHY`LZJHSH[PVUYH[LPZHYYP]LKHM[LY[HRPUNPU[VJVUZPKLYH[PVU[OLZLUPVYP[`[OLWYVTV[PVUHUKV[OLYYLSL]HU[MHJ[VYZZ\JOHZKLTHUKHUKZ\WWS`PU LTWSV`TLU[THYRL[

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

41. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 17 SEGMENT REPORTING I

Primary Segments (Business Segments)

7HY[PJ\SHYZ

,SPTPUH[PVUZ Unallocable Expenditure / Assets*

;V[HS 

7V^LY :`Z[LTZ

*VUZ\TLY 7YVK\J[Z

0UK\Z[YPHS :`Z[LTZ

6[OLYZ

2818.71

2845.71

1440.45

384.70

-

7489.57

4.82

1.34

48.49

-

(54.65)

-

2823.53

2847.05

1488.94

384.70

(54.65)

7489.57

258.52

337.46

152.87

1.88

-

Revenue ,_[LYUHSZHSLZUL[VML_JPZLK\[` 0U[LYZLNTLU[ZHSLZ Total :LNTLU[YLZ\S[Z Less: -PUHUJLJVZ[Z

750.73 (22.02)

Less:6[OLY\UHSSVJHISLL_WLUKP[\YLUL[VM \UHSSVJHISLPUJVTL

60.30 712.45

7YVÃ&#x201E;[ILMVYL[H_ ;H_L_WLUZL

191.36

7YVÃ&#x201E;[HM[LY[H_

521.09

Capital Employed: :LNTLU[HZZL[Z

1875.96

628.01

682.77

216.13

2183.58

5586.45

:LNTLU[SPHIPSP[PLZ

1024.31

506.85

286.01

26.77

281.97

2125.91

851.65

121.16

396.76

189.36

1901.61

3460.54

*HWP[HSL_WLUKP[\YL

54.11

28.65

23.44

15.31

18.78

140.29

+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

37.45

10.30

26.10

1.22

14.28

89.35

7.92

4.71

9.94

0.06

-

22.63

6[OLYZ

,SPTPUH[PVUZ Unallocable Expenditure / Assets*

;V[HS 

Net Assets

5VUJHZOL_WLUZLZV[OLY[OHUKLWYLJPH[PVU

7HY[PJ\SHYZ

7V^LY :`Z[LTZ

*VUZ\TLY 7YVK\J[Z

0UK\Z[YPHS :`Z[LTZ



 

  





 



 





Revenue ,_[LYUHSZHSLZUL[VML_JPZLK\[` 0U[LYZLNTLU[ZHSLZ Total :LNTLU[YLZ\S[Z







   

















Less: -PUHUJLJVZ[Z



Less:6[OLY\UHSSVJHISLL_WLUKP[\YLUL[VM \UHSSVJHISLPUJVTL



7YVÃ&#x201E;[ILMVYL[H_

 

;H_L_WLUZL



7YVÃ&#x201E;[HM[LY[H_



Capital Employed: :LNTLU[HZZL[Z







 



 





 







 







*HWP[HSL_WLUKP[\YL

 











+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

 





















 

:LNTLU[SPHIPSP[PLZ Net Assets

5VUJHZOL_WLUZLZV[OLY[OHUKLWYLJPH[PVU





<UHSSVJHISLHZZL[ZJVTWYPZLHZZL[ZHUKSPHIPSP[PLZ^OPJOJHUUV[ILHSSVJH[LK[V[OLZLNTLU[Z;H_JYLKP[HZZL[ZSPHIPSP[PLZHYLUV[JVUZPKLYLKPUJHWP[HSLTWSV`LK

FI NA N C I A L S

115


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

41. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 17 SEGMENT REPORTING (Contd.) II

Secondary Segments (Geographical Segments) F 8JLRJSYWJ[JSZJG^QTHFYNTSTKHZXYTRJWX





6584.28



(ZPH

348.45



(MYPJH

230.15

 

Sales and service revenue: +VTLZ[PJ 6]LYZLHZ!

5VY[O(TLYPJH

33.55

:V\[O(TLYPJH

225.84

 

59.09



8.21



7489.57



(ZH[ 

(ZH[ 

+VTLZ[PJ

4283.51



6]LYZLHZ

1302.94



Total

5586.45

 

(ZH[ 

(ZH[ 

,\YVWL (\Z[YHSPH Total G 9MJHFWW^NSLFRTZSYTKXJLRJSYFXXJYXG^QTHFYNTSTKFXXJYX

... :SFQQTHFGQJ&XXJYX1NFGNQNYNJXJ]HQZIJ

1NFGNQNYNJX 3VUN[LYTIVYYV^PUNZ

0.54



+LMLYYLK[H_SPHIPSP[PLZ

73.59

 

:OVY[[LYTIVYYV^PUNZ

29.99

 

*\YYLU[TH[\YP[PLZVMSVUN[LYTIVYYV^PUNZ

0.35 104.47

Total

 

.; 8JLRJSY.IJSYNÁHFYNTS7JUTWYFGQJ8JLRJSYFSIIJÁSNYNTSTKJFHM7JUTWYFGQJ8JLRJSY H 7YPTHY`ZLNTLU[! 0U[OLVWPUPVUVM[OLTHUHNLTLU[[OLI\ZPULZZZLNTLU[JVTWYPZLZ[OLMVSSV^PUN! P

7V^LY:`Z[LTZ

! ;YHUZMVYTLY:^P[JONLHY;\YURL`7YVQLJ[ZHUK7V^LY:*(+(:\WLY]PZVY`JVU[YVSHUKKH[HHJX\PZP[PVUZ`Z[LTZ

PP *VUZ\TLY7YVK\J[Z

! -HUZ(WWSPHUJLZ3\TPUHPYLZ3PNO[:V\YJLZHUK7\TWZ

PPP 0UK\Z[YPHS:`Z[LTZ

! ,SLJ[YPJ4V[VYZ(S[LYUH[VYZ+YP]LZ;YHJ[PVU,SLJ[YVUPJZHUK:*(+(

P] 6[OLY

! 7V^LY+PZ[YPI\[PVU

I 7YPTHY`:LJVUKHY`ZLNTLU[YLWVY[PUNMVYTH[! P

;OLYPZRYL[\YUWYVÄSLVM[OL*VTWHU`»ZI\ZPULZZPZKL[LYTPULKWYLKVTPUHU[S`I`[OLUH[\YLVMP[ZWYVK\J[ZHUKZLY]PJLZ(JJVYKPUNS`[OLI\ZPULZZ ZLNTLU[JVUZ[P[\[LZ[OLWYPTHY`ZLNTLU[MVYKPZJSVZ\YLVMZLNTLU[PUMVYTH[PVU

PP 0UYLZWLJ[VMZLJVUKHY`ZLNTLU[PUMVYTH[PVU[OLTHUHNLTLU[OHZPKLU[PÄLKP[ZNLVNYHWOPJHSZLNTLU[ZHZH+VTLZ[PJHUKI6]LYZLHZ;OLZLJVUKHY` ZLNTLU[PUMVYTH[PVUOHZILLUKPZJSVZLKHJJVYKPUNS` J :LNTLU[PKLU[PÄJH[PVU! 

)\ZPULZZZLNTLU[ZOH]LILLUPKLU[PÄLKVU[OLIHZPZVM[OLUH[\YLVMWYVK\J[ZZLY]PJLZ[OLYPZRYL[\YUWYVÄSLVMPUKP]PK\HSI\ZPULZZLZ[OLVYNHUPaH[PVUHS Z[Y\J[\YLHUK[OLPU[LYUHSYLWVY[PUNZ`Z[LTVM[OL*VTWHU`

K 9LWVY[HISLZLNTLU[Z! 

9LWVY[HISLZLNTLU[ZOH]LILLUPKLU[PÄLKHZWLY[OLX\HU[P[H[P]LJYP[LYPHZWLJPÄLKPU[OL(JJV\U[PUN:[HUKHYK

L :LNTLU[YL]LU\LHUKYLZ\S[Z! 

;OLL_WLUZLZHUKPUJVTLZ^OPJOHYLUV[KPYLJ[S`H[[YPI\[HISL[VHU`I\ZPULZZZLNTLU[HYLZOV^UHZ\UHSSVJHISLL_WLUKP[\YLUL[VM\UHSSVJH[LKPUJVTL

M :LNTLU[HZZL[ZHUKSPHIPSP[PLZ! 

:LNTLU[HZZL[ZPUJS\KLHSSVWLYH[PUNHZZL[Z\ZLKI`[OLI\ZPULZZZLNTLU[HUKTHPUS`JVUZPZ[VMÄ_LKHZZL[Z[YHKLYLJLP]HISLZHUKPU]LU[VYPLZ:LNTLU[ SPHIPSP[PLZWYPTHYPS`PUJS\KL[YHKLWH`HISLZHUKV[OLYSPHIPSP[PLZ*VTTVUHZZL[ZHUKSPHIPSP[PLZ^OPJOJHUUV[ILHSSVJH[LK[VHU`VM[OLZLNTLU[ZHYLZOV^UHZ HWHY[VM\UHSSVJHISLHZZL[ZSPHIPSP[PLZ

N 0U[LYZLNTLU[[YHUZMLY! 

116

0U[LYZLNTLU[WYPJLZHYLUVYTHSS`ULNV[PH[LKHTVUNZ[ZLNTLU[Z^P[OYLMLYLUJL[V[OLJVZ[ZTHYRL[WYPJLHUKI\ZPULZZYPZRZ7YVÄ[VYSVZZVUPU[LYZLNTLU[ [YHUZMLYZHYLLSPTPUH[LKH[[OL*VTWHU`SL]LS

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES :Y 5V 5HTLVM[OL9LSH[LK7HY[` N

9LSH[PVUZOPW

;YHUZHJ[PVUZ LU[LYLKK\YPUN [OL`LHY@LZ5V

1NXYTKWJQFYJIUFWYNJXT[JW\MNHMHTSYWTQJ]NXYX

8ZGXNINFWNJX 

*.,ULYN`4HUHNLTLU[3PTP[LK

>OVSS`V^ULK:\IZPKPHY`

5V



*.770(KOLZP]L7YVK\J[Z3PTP[LK

:\IZPKPHY`VM[OL*VTWHU`

@LZ



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

>OVSS`V^ULK:\IZPKPHY`

@LZ



*.7V^LY:VS\[PVUZ3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`

@LZ



*.0U[LYUH[PVUHS)=

:\IZPKPHY`VM[OL*VTWHU`

@LZ



*./VSKPUNZ)LSNP\T5=

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

@LZ



*.7V^LY:`Z[LTZ)LSNP\T5=

:\IZPKPHY`VM*./VSKPUNZ)LSNP\T5=

@LZ

*.7V^LY:`Z[LTZ0YLSHUK3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

*.:HSLZ5L[^VYRZ-YHUJL:(

:\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

 *.7V^LY:`Z[LTZ<:(0UJ TLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`  *.:HSLZ5L[^VYRZ(TLYPJHZ0UJ TLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`  *.7V^LY:`Z[LTZ*HUHKH0UJ

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

>OVSS`V^ULKZ\IZPKPHY`VM*./VSKPUNZ)LSNP\T5=

@LZ

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

5V

 *.:LY]PJL:`Z[LTZ*\YHJHV5= SPX\PKH[LK^LM[O:LW[LTILY  7;*.7V^LY:`Z[LTZ0UKVULZPH

:\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

:\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

 *./VSKPUNZ/\UNHY`2M[

:\IZPKPHY`VM*./VSKPUNZ)LSNP\T5=

5V

 *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

 *.7V^LY/VSKPUNZ0YLSHUK3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

 4PJYVZVS3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ0YLSHUK3PTP[LK

5V



:\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

 =PZLYNL3PTP[LK SPX\PKH[LK^LM[O-LIY\HY`  *.:LY]PJL:`Z[LTZ-YHUJL:(:

:\IZPKPHY`VM*.7V^LY/VSKPUNZ0YLSHUK3PTP[LK

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

 *.7V^LY<:(0UJ MVYTLYS`*.7V^LY:VS\[PVUZ<:(0UJ  *./VSKPUNZ.LYTHU`.TI/ SPX\PKH[LK^LM5V]LTILY  *.7V^LY:VS\[PVUZ<23PTP[LK

:\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.(\[VTH[PVU:`Z[LTZ<23PTP[LK

5V

 *./VSKPUNZ<:(0UJ TLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`  *.7V^LY*V\U[`33*

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY<:(0UJ

5V

 *.7V^LY:`Z[LTZ)YHaPS3;+(

>OVSS`V^ULKZ\IZPKPHY`VM*.7V^LY:`Z[LTZ)LSNP\T5=

@LZ

 *.7V^LY:VS\[PVUZ:H\KP(YHIPH3[K

:\IZPKPHY`VM*./VSKPUNZ)LSNP\T5=

5V



>OVSS`V^ULKZ\IZPKPHY`VM*./VSKPUNZ)LSNP\T5=

5V



*.(\[VTH[PVU:`Z[LTZ<23PTP[LK

*.:HSLZ5L[^VYRZ:PUNHWVYL7;,3PTP[LK SPX\PKH[LK^LM [O6J[VILY  *YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`

5V

 *.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3PTP[LK

>OVSS`V^ULKZ\IZPKPHY`VM*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK

5V

 *.0UK\Z[YPHS/VSKPUNZ:^LKLU()

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

 *YVTW[VU.YLH]LZ/VSKPUNZ:^LKLU() TLYNLK^P[O*.+YP]LZHUK(\[VTH[PVU:^LKLU()^LM [O-LIY\HY`  *.+YP]LZHUK(\[VTH[PVU:^LKLU()

>OVSS`V^ULKZ\IZPKPHY`VM*.0UK\Z[YPHS/VSKPUNZ:^LKLU()

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.0UK\Z[YPHS/VSKPUNZ:^LKLU()

@LZ

 *.+YP]LZHUK(\[VTH[PVU5L[OLYSHUKZ)=

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

@LZ

 *.+YP]LZHUK(\[VTH[PVUZ.LYTHU`.TI/

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

@LZ

 ,TV[YVU3H[PU(TLYPJH0UJ

>OVSS`V^ULKZ\IZPKPHY`VM*.+YP]LZHUK(\[VTH[PVU:^LKLU()

5V

 *.(\[VTH[PVU:VS\[PVUZ<:(0UJ TLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`  A0=(WSPJHJPVULZ`;LJUVSVNPH:3

>OVSS`V^ULKZ\IZPKPHY`VM*./VSKPUN<:(0UJ

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

 A0=4L[LYPUN:VS\[PVUZ:3

>OVSS`V^ULKZ\IZPKPHY`VMA0=(WSPJHJPVULZ`;LJUVSVNPH:3

@LZ

 A0=.YPK(\[VTH[PVU:3

>OVSS`V^ULKZ\IZPKPHY`VMA0=(WSPJHJPVULZ`;LJUVSVNPH:3

5V

 A0=*VTT\UPJH[PVUZ:(

>OVSS`V^ULKZ\IZPKPHY`VMA0=(WSPJHJPVULZ`;LJUVSVNPH:3

@LZ

 A0=<:(0UJ

>OVSS`V^ULKZ\IZPKPHY`VMA0=(WSPJHJPVULZ`;LJUVSVNPH:3

5V

 A0=+V)YHaPS3;+(

:\IZPKPHY`VMA0=(WSPJHJPVULZ`;LJUVSVNPH:3

5V

 A0=0+:THY[,ULYN`5L[^VYRZ

:\IZPKPHY`VMA0=4L[LYPUN:VS\[PVUZ:3

5V

 *.4PKKSL,HZ[-A, PUJVYWVYH[LKVU(WYPS  *YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH:+5)/+ PUJVYWVYH[LKVU[O:LW[LTILY

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS)=

5V

>OVSS`V^ULKZ\IZPKPHY`VM*.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3PTP[LK

5V FI NA N C I A L S

117


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) NN 1NXYTKWJQFYJIUFWYNJX\NYM\MTRYWFSXFHYNTSX\JWJHFWWNJITZYIZWNSLYMJ^JFWFSIIJXHWNUYNTSTKWJQFYNTSXMNU Associate: 

*.3\J`:^P[JONLHY3PTP[LK

Key Management Personnel: 

.H\[HT;OHWHY*OHPYTHUHUK7YVTV[LY+PYLJ[VY



3H\YLU[+LTVY[PLY*,6 4HUHNPUN+PYLJ[VY

4YMJWWJQFYJIUFWYNJXNS\MNHMINWJHYTWXFWJNSYJWJXYJI 

)HSSHYW\Y0UK\Z[YPLZ3PTP[LK



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK



(]HU[OH/VSKPUNZ3PTP[LK



:HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK



(]HU[OH9LHS[`3PTP[LK



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK



:HIHO-VYLZ[0UK\Z[YPLZ:KU)OK 4HSHUW\Y*HW[P]L7V^LY3PTP[LK

 *VYLSSH0U]LZ[TLU[Z3PTP[LK  3\Z[YL0U[LYUH[PVUHS3PTP[LK  =HY\U7YHRHZOHU7YP]H[L3PTP[LK  1OHI\H7V^LY3PTP[LK

118

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) NNN 9MJKTQQT\NSLYWFSXFHYNTSX\JWJHFWWNJITZY\NYMYMJWJQFYJIUFWYNJXNSYMJTWINSFW^HTZWXJTKGZXNSJXX :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 1 Purchase of goods and services 8ZGXNINFWNJX *.770(KOLZP]L7YVK\J[Z3PTP[LK *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *./VSKPUNZ)LSNP\T5= *.7V^LY:`Z[LTZ)LSNP\T5= *.7V^LY:`Z[LT0YLSHUK3PTP[LK *.7V^LY:`Z[LTZ<:(0UJ *.:HSLZ5L[^VYRZ(TLYPJHZ0UJ *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ *.(\[VTH[PVU:`Z[LTZ<23PTP[LK *.+YP]LZHUK(\[VTH[PVU:^LKLU() *.+YP]LZ (\[VTH[PVU.LYTHU`.TI/ A0=4L[LYPUN:VS\[PVUZ:3 A0=*VTT\UPJH[PVUZ:( Associate *.3\J`:^P[JONLHY3PTP[LK Other Related Parties )HSSHYW\Y0UK\Z[YPLZ3PTP[LK )03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK Total 2

3

4

Sales of goods and services 8ZGXNINFWNJX *.770(KOLZP]L7YVK\J[Z3PTP[LK *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *./VSKPUNZ)LSNP\T5= *.7V^LY:`Z[LTZ)LSNP\T5= *.:HSLZ5L[^VYRZ-YHUJL:( *.7V^LY:`Z[LTZ<:(0UJ *.:HSLZ5L[^VYRZ(TLYPJHZ0UJ 7;*.7V^LY:`Z[LTZ0UKVULZPH *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ *.(\[VTH[PVU:`Z[LTZ<23PTP[LK *.7V^LY:`Z[LTZ)YHaPS3;+( *.+YP]LZ (\[VTH[PVU:^LKLU() *.+YP]LZ (\[VTH[PVU5L[OLYSHUKZ)= *.+YP]LZHUK(\[VTH[PVUZ.LYTHU`.TI/ Associates *.3\J`:^P[JONLHY3PTP[LK (]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK Other Related Parties )HSSHYW\Y0UK\Z[YPLZ3PTP[LK :VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK )03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK (]HU[OH/VSKPUNZ3PTP[LK 2VYIH>LZ[7V^LY*VTWHU`3PTP[LK :HIHO-VYLZ[0UK\Z[YPLZ:KU)OK 1OHI\H7V^LY3PTP[LK Total 8FQJTKKN]JIFXXJYX 8ZGXNINFW^ *.7V^LY:`Z[LTZ)LSNP\T5= Other Related Party (]HU[OH/VSKPUNZ3PTP[LK Total





3.35 15.81 0.07 0.17 0.04 10.49 5.08 0.02 0.84

             

113.87



0.09 0.47

 

150.30

 

0.16 4.18 3.38 0.69 0.06 78.38 1.80 20.56 0.31 17.43 0.25 0.37 8.88

              

10.40 -

 

0.60 0.13 0.63 0.01 9.12 0.37 5.14 162.85

       

-



-



-



5ZWHMFXJTKKN]JIFXXJYX 8ZGXNINFWNJX

Total

*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

0.11

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.03



0.14





FI NA N C I A L S

119


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) NNN 9MJKTQQT\NSLYWFSXFHYNTSX\JWJHFWWNJITZY\NYMYMJWJQFYJIUFWYNJXNSYMJTWINSFW^HTZWXJTKGZXNSJXX (TSYI :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 5 8ZGXHWNUYNTSYTJVZNY^XMFWJX 8ZGXNINFWNJX *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *.0U[LYUH[PVUHS)= Total 6





251.15

 

251.15



.SYJWJXYJ]UJSXJX 8ZGXNINFWNJX *.770(KOLZP]L7YVK\J[Z3PTP[LK

0.33

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

-



0.36



0.69



0.20



0.20





Associate *.3\J`:^P[JONLHY3PTP[LK Total 7

Dividend received 8ZGXNINFW^ *.770(KOLZP]L7YVK\J[Z3PTP[LK Total

8

Bank charges recovered 8ZGXNINFW^ 50.09

 

50.09

 

0.34



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.85



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.30



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

1.12



2.61



0.42 3.96 29.65

  

*.0U[LYUH[PVUHS)= Total 9

Rental income 8ZGXNINFW^ *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK Other Related Parties

Total 10 Interest income 8ZGXNINFWNJX *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *.7V^LY:VS\[PVUZ3PTP[LK *.0U[LYUH[PVUHS)= Other Related Party

0.83



34.86



.H\[HT;OHWHY

5.21



3H\YLU[+LTVY[PLY

8.79



14.00



4HSHUW\Y*HW[P]L7V^LY3PTP[LK Total 11 Payment of salaries, commission and perquisites Key Management PersonneS

Total 12 Dividend paid Other Related Parties

30.71



(]HU[OH9LHS[`3PTP[LK

0.00



*VYLSSH0U]LZ[TLU[Z3PTP[LK

0.87



3\Z[YL0U[LYUH[PVUHS3PTP[LK

0.52



=HY\U7YHRHZOHU7YP]H[L3PTP[LK

0.00



32.10



(]HU[OH/VSKPUNZ3PTP[LK

Total 120

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) NNN 9MJKTQQT\NSLYWFSXFHYNTSX\JWJHFWWNJITZY\NYMYMJWJQFYJIUFWYNJXNSYMJTWINSFW^HTZWXJTKGZXNSJXX (TSYI :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW





13 Commission paid 8ZGXNINFW^ *.:HSLZ5L[^VYRZ(TLYPJHZ0UJ Total

1.44



1.44



14 Rent paid Other Related Party 2.04



2.04



*./VSKPUNZ)LSNP\T5=

-



*.7V^LY:`Z[LTZ)LSNP\T5=

-



*.:HSLZ5L[^VYRZ(TLYPJHZ0UJ

0.15



7;*.7V^LY:`Z[LTZ0UKVULZPH

-



(]HU[OH9LHS[`3PTP[LK Total 15 4YMJWJ]UJSXJX 8ZGXNINFWNJX

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ *.+YP]LZHUK(\[VTH[PVU:^LKLU()

0.15



-



Other Related Parties 67.64



:HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK

1.13



(]HU[OH9LHS[`3PTP[LK

0.47



(]HU[OH/VSKPUNZ3PTP[LK

(]HU[OH;LJOUVSVNPLZ3PTP[LK Total

-



69.54



16 7JHT[JW^J]UJSXJX 8ZGXNINFW^ *.0U[LYUH[PVUHS)= Total

29.21



29.21



FI NA N C I A L S

121


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) iv) Amount due to / from related parties :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 1

(ZH[ 

(ZH[ 

&HHTZSYXUF^FGQJ 8ZGXNINFWNJX *.770(KOLZP]L7YVK\J[Z3PTP[LK

0.75



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

8.84



*./VSKPUNZ)LSNP\T5=

0.03



*.7V^LY:`Z[LTZ)LSNP\T5=

0.15



*.7V^LY:`Z[LT<:(0UJ

0.19



*.:HSLZ5L[^VYRZ(TLYPJHZ0UJ

3.85



7;*.7V^LY:`Z[LTZ0UKVULZPH

-

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

21.59

 

*.(\[VTH[PVU:`Z[LTZ<23PTP[LK

1.79

*.:LY]PJL:`Z[LTZ-YHUJL:(:

0.03



45.76



*.+YP]LZHUK(\[VTH[PVU:^LKLU()



A0=4L[LYPUN:VS\[PVUZ:3

0.02



A0=*VTT\UPJH[PVU:(

0.95



35.15



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.00



(]HU[OH/VSKPUNZ3PTP[LK

0.09



:HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK

0.20



119.39



1.10



-



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

0.16



*./VSKPUNZ)LSNP\T5=

4.17



*.7V^LY:`Z[LTZ)LSNP\T5=

0.53



*.7V^LY:`Z[LT0YLSHUK3PTP[LK

0.00



*.:HSLZ5L[^VYRZ-YHUJL:(

0.34



*.7V^LY:`Z[LTZ<:(0UJ

0.11



Associate *.3\J`:^P[JONLHY3PTP[LK Other Related Parties

Total 2

&HHTZSYXWJHJN[FGQJ 8ZGXNINFWNJX *.,ULYN`4HUHNLTLU[3PTP[LK *.770(KOLZP]L7YVK\J[Z3PTP[LK

20.63



*.7V^LY:`Z[LTZ*HUHKH0UJ

0.03



7;*.7V^LY:`Z[LTZ0UKVULZPH

0.09

 

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

9.96



*.(\[VTH[PVU:`Z[LTZ<23PTP[LK

0.09



10.60



*.+YP]LZHUK(\[VTH[PVU:^LKLU()

0.24



*.+YP]LZ (\[VTH[PVU5L[OLYSHUKZ)=

0.35



*.+YP]LZ (\[VTH[PVU.LYTHU`.TI/

2.74



*.3\J`:^P[JONLHY3PTP[LK

2.60



(]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK

0.00



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.38



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.17



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

1.99



(]HU[OH/VSKPUNZ3PTP[LK

0.00



10.48



*.:HSLZ5L[^VYRZ(TLYPJHZ0UJ

*.7V^LY:`Z[LTZ)YHaPS3;+(

Associates

Other Related Parties

2VYIH>LZ[7V^LY*VTWHU`3PTP[LK

122

:HIHO-VYLZ[0UK\Z[YPLZ:KU)OK

0.17



1OHI\H7V^LY3PTP[LK

8.34



75.27



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

42. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) iv) Amount due to / from related parties (Contd.) :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 3 1TFSXFSIFI[FSHJXWJHJN[FGQJ

(ZH[ 

(ZH[ 

8ZGXNINFWNJX *.,ULYN`4HUHNLTLU[3PTP[LK

0.08



*.770(KOLZP]L7YVK\J[Z3PTP[LK

0.02



11.83



*.7V^LY:VS\[PVUZ3PTP[LK

110.44



*.0U[LYUH[PVUHS)=

528.70

*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

 

*./VSKPUNZ)LSNP\T5=

0.05

*.7V^LY:`Z[LTZ)LSNP\T5=

4.00

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.02



*.+YP]LZHUK(\[VTH[PVU:^LKLU()

0.19



-



 

Associate *.3\J`:^P[JONLHY3PTP[LK Other Related Party 11.20



666.53

 

*.,ULYN`4HUHNLTLU[3PTP[LK

0.02



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

1.38



*.7V^LY:`Z[LTZ<:(0UJ

0.08



*.:HSLZ5L[^VYRZ(TLYPJHZ0UJ

1.77



7;*.7V^LY:`Z[LTZ0UKVULZPH

0.20



*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.01



*.+YP]LZHUK(\[VTH[PVU:^LKLU()

0.01



-



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.13



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK

3.54



7.14



4HSHUW\Y*HW[P]L7V^LY3PTP[LK Total 4

1TFSXFSIFI[FSHJXUF^FGQJ 8ZGXNINFWNJX

A0=(WSPJHJPVULZ`;LJUVSVNPH:3 Other Related Parties

Total 5

)N[NIJSIUF^FGQJ Other Related Parties 10.24



(]HU[OH9LHS[`3PTP[LK

0.00



*VYLSSH0U]LZ[TLU[Z3PTP[LK

0.29



3\Z[YL0U[LYUH[PVUHS3PTP[LK

0.17



=HY\U7YHRHZOHU7YP]H[L3PTP[LK

0.00



10.70



5.21



5.46 10.67

 

,ZWFSYJJXLN[JSTSGJMFQKTKXZGXNINFWNJX *.0U[LYUH[PVUHS)=

1151.67

 

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

304.78



1456.45

 

(]HU[OH/VSKPUNZ3PTP[LK

Total 6

Due to Key Management Personnel .H\[HT;OHWHY 3H\YLU[+LTVY[PLY Total

7

Total 5V[L!5VHTV\U[ZOH]LILLU^YP[[LUVMMVY^YP[[LUIHJRK\YPUN[OL`LHY

43 H ;OL *VTWHU` OHZ UV[ LU[LYLK PU[V HU` Ã&#x201E;UHUJL SLHZL HZ ZWLJPÃ&#x201E;LK PU (JJV\U[PUN :[HUKHYK (:   3LHZLZ ;OL *VTWHU`  OHZ OV^L]LY  [HRLU ]HYPV\Z YLZPKLU[PHSJVTTLYJPHSWYLTPZLZHUKWSHU[HUKLX\PWTLU[Z\UKLYJHUJLSSHISLVWLYH[PUNSLHZL;OLZLSLHZLHNYLLTLU[ZHYLUVYTHSS`YLUL^LKVUL_WPY` ^OLYL]LYYLX\PYLK 

I ;OLYLHYLUVL_JLW[PVUHSYLZ[YPJ[P]LJV]LUHU[ZPU[OLSLHZLHNYLLTLU[Z FI NA N C I A L S

123


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

44. DISCLOSURE AS REQUIRED BY ACCOUNTING STANDARD (AS) 20 EARNINGS PER SHARE 7HY[PJ\SHYZ

 521.09



5VZ

633254604

 

` ZOHYL `

2.00



8.23

 

(ZH[ 

(ZH[ 

>LPNO[LKH]LYHNLU\TILYVMLX\P[`ZOHYLZV\[Z[HUKPUN -HJL]HS\LVMLX\P[`ZOHYL >LPNO[LKH]LYHNLLHYUPUNZWLYZOHYLIHZPJHUKKPS\[LK



`JYVYL

7YVÃ&#x201E;[MVY[OL`LHY

45. FOREIGN CURRENCY TRANSACTIONS, FORWARD CONTRACTS AND DERIVATIVES :Y 5V *H[LNVY`VM+LYP]H[P]L0UZ[Y\TLU[Z 

;OLWHY[PJ\SHYZVMKLYP]H[P]LJVU[YHJ[ZLU[LYLKPU[VMVYOLKNPUNW\YWVZLZV\[Z[HUKPUNHZH[Z[4HYJOHYLHZ\UKLY!

1

For hedging foreign currency risks: H -VY^HYKJVU[YHJ[ZMVYYLJLP]HISLZPUJS\KPUNÃ&#x201E;YTJVTTP[TLU[Z 34.00



<:+TPSSPVU

0.03



,<9TPSSPVU

0.04



.)7TPSSPVU

0.04



42.50



<:+TPSSPVU I -VY^HYKJVU[YHJ[ZMVYWH`HISLZPUJS\KPUNÃ&#x201E;YTJVTTP[TLU[Z

J -VY^HYKJVU[YHJ[ZMVYSVHU ,<9TPSSPVU 2

5FWYNHZQFWXTKZSMJILJIKTWJNLSHZWWJSH^J]UTXZWJFXFYYMJGFQFSHJXMJJYIFYJ ` crore

`JYVYL

H ;YHKLWH`HISLZ

171.04

 

I 3VHUZHUKV[OLYYLJLP]HISL

179.09



J

)HURIHSHUJLPUJ\YYLU[HJJV\U[ZHUK[LYTKLWVZP[HJJV\U[Z

K 0U]LZ[TLU[ZPUV]LYZLHZZ\IZPKPHYPLZ

14.11



546.82

 

46. PARTICULARS IN RESPECT OF LOANS AND ADVANCES IN THE NATURE OF LOANS AS REQUIRED BY THE CLAUSE 32 OF LISTING AGREEMENT Balance as at 5HTLVM[OL*VTWHU`



2F]NRZRTZYXYFSINSLIZWNSL







(a) 1TFSXFSIFI[FSHJXNSYMJSFYZWJTKQTFSXLN[JSYTXZGXNINFWNJX *.,ULYN`4HUHNLTLU[3PTP[LK

0.08



0.08



*.770(KOLZP]L7YVK\J[Z3PTP[LK

0.02



0.02



11.83



14.16



*.7V^LY:VS\[PVUZ3PTP[LK

110.44



110.44



*.0U[LYUH[PVUHS)=

528.70

625.67



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

 

*./VSKPUNZ)LSNP\T5=

0.05

*.7V^LY:`Z[LTZ)LSNP\T5=

4.00

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.02



0.02



-



-



0.19



0.19



-



0.00



*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK *.+YP]LZHUK(\[VTH[PVU:^LKLU()



0.05 4.05



 

G Loans and advances in the nature of loans given to associate *.3\J`:^P[JONLHY3PTP[LK (c) 1TFSXFSIFI[FSHJXNSYMJSFYZWJTKQTFSX\MJWJWJUF^RJSYXHMJIZQJNXSTYXUJHNKNJI *.,ULYN`4HUHNLTLU[3PTP[LK

0.08



0.08



*.770(KOLZP]L7YVK\J[Z3PTP[LK

0.02



0.02



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *.0U[LYUH[PVUHS)=

 

14.16



625.67



*./VSKPUNZ)LSNP\T5=

0.05

*.7V^LY:`Z[LTZ)LSNP\T5=

4.00

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.02



0.02



-



-



0.19



0.19



-



0.00



*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK *.+YP]LZHUK(\[VTH[PVU:^LKLU() *.3\J`:^P[JONLHY3PTP[LK

124

11.83 528.70

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4



0.05 4.05



 


`JYVYL

NOTES

ACCOMPANYING TO THE FINANCIAL STATEMENTS (Contd.)

46. PARTICULARS IN RESPECT OF LOANS AND ADVANCES IN THE NATURE OF LOANS AS REQUIRED BY THE CLAUSE 32 OF LISTING AGREEMENT (Contd.) Balance as at 

5HTLVM[OL*VTWHU`

2F]NRZRTZYXYFSINSLIZWNSL







(d) 1TFSXFSIFI[FSHJXNSYMJSFYZWJTKQTFSX\MJWJNSYJWJXYNXSTYHMFWLJI *.,ULYN`4HUHNLTLU[3PTP[LK

0.08



0.08



*.770(KOLZP]L7YVK\J[Z3PTP[LK

0.02



0.02



*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *.0U[LYUH[PVUHS)=

7.85

 

10.18

 

117.63



118.81



*./VSKPUNZ)LSNP\T5=

0.05

*.7V^LY:`Z[LTZ)LSNP\T5=

4.00

*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

0.02



*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK *.+YP]LZHUK(\[VTH[PVU:^LKLU() *.3\J`:^P[JONLHY3PTP[LK



0.05 4.05



 

0.02

 

-



-

0.19



0.19



-



0.00



47. ;OL*VTWHU`K\YPUN[OL`LHYOHZIV\NO[ LX\P[`ZOHYLZ\UKLY[OL)\`IHJR:JOLTLH[HJVZ[VM`JYVYLPUJS\KPUNZLY]PJL[H_(Z\TVM ` JYVYLWLY[HPUPUN[VZOHYLZL_[PUN\PZOLKK\YPUN[OL`LHYOHZILLUYLK\JLKMYVTZLJ\YP[PLZWYLTP\THJJV\U[HUK` JYVYLYLWYLZLU[PUN[OLMHJL]HS\L OHZILLUYLK\JLKMYVT[OLZOHYLJHWP[HSHUK[YHUZMLYYLK[VJHWP[HSYLKLTW[PVUYLZLY]L;OL[V[HSHTV\U[\[PSPZLKPU[OLI\`IHJRPZ`JYVYLILPUN  VM[OLTH_PT\TI\`IHJRZPaLVM`JYVYL(SSZOHYLZIV\NO[IHJROH]LILLUM\SS`L_[PUN\PZOLKHZVUKH[L 48. (TV\U[ZZOV^UHZ` YLWYLZLU[ZHTV\U[ILSV^`9\WLLZ-PM[`;OV\ZHUK 49. -PN\YLZMVY[OLWYL]PV\Z`LHYOH]LILLUYLNYV\WLK^OLUL]LYULJLZZHY` Signatures to Notes 1 to 49

SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

4\TIHP [O4H`

FI NA N C I A L S

125


126

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

4PJYVZVS3PTP[LK *.(\[VTH[PVU:`Z[LTZ<23PTP[LK *.:LY]PJL:`Z[LTZ-YHUJL:(: *.7V^LY<:(0UJ *.7V^LY:VS\[PVUZ<23PTP[LK *.7V^LY*V\U[`33* *.7V^LY:`Z[LTZ)YHaPS3;+( *.7V^LY:VS\[PVUZ:H\KP(YHIPH3[K *YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK *.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3PTP[LK *.0UK\Z[YPHS/VSKPUNZ:^LKLU() *.+YP]LZHUK(\[VTH[PVU:^LKLU() *.+YP]LZHUK(\[VTH[PVU5L[OLYSHUKZ)= *.+YP]LZHUK(\[VTH[PVU.LYTHU`.TI/ ,TV[YVU3H[PU(TLYPJH0UJ A0=(WSPJHJPVULZ`;LJUVSVNPH:3 A0=4L[LYPUN:VS\[PVUZ:3 A0=.YPK(\[VTH[PVU:3 A0=*VTT\UPJH[PVUZ:( A0=<:(05* A0=+V)YHaPS3;+( A0=0+:THY[,ULYN`5L[^VYRZ *.4PKKSL,HZ[-A, *.:HSLZ5L[^VYR4HSH`ZPH:+5)/+

    

                       

4\TIHP [O4H`

Madhav Acharya CHIEF FINANCIAL OFFICER

Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[+LJLTILY Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO

Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO Z[4HYJO

-PUHUJPHS`LHYVM[OL Z\IZPKPHY`LUKLKVU

Minal Bhosale COMPANY SECRETARY

:LYPHSUV^HZPUJVYWVYH[LKVU(WYPS :LYPHSUV^HZPUJVYWVYH[LKVU[O:LW[LTILY

*.,ULYN`4HUHNLTLU[3PTP[LK *.770(KOLZP]L7YVK\J[Z3PTP[LK *.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK *.7V^LY:VS\[PVUZ3PTP[LK *.0U[LYUH[PVUHS)= *./VSKPUNZ)LSNP\T5= *.7V^LY:`Z[LTZ)LSNP\T5= *.7V^LY:`Z[LTZ0YLSHUK3PTP[LK *.:HSLZ5L[^VYRZ-YHUJL:( *.7V^LY:`Z[LTZ*HUHKH0UJ 7;*.7V^LY:`Z[LTZ0UKVULZPH *./VSKPUNZ/\UNHY`2M[ *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ *.7V^LY/VSKPUNZ0YLSHUK3PTP[LK

       

:Y 5HTLVM[OL:\IZPKPHY`*VTWHU` 5V

STATEMENT UNDER SECTION 212 OF THE COMPANIES ACT, 1956

Laurent Demortier CEO & MANAGING DIRECTOR

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 51.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

100.00% 81.42% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.40% 100.00% 95.00% 100.00% 100.00% 100.00% (0.01) 3.29 (2.87) 31.06 (44.52) (0.02) (37.09) (0.74) 0.01 (0.07) (23.70) 49.10 1.14 1.88 0.05 45.85 25.32 (3.84) (12.68) 0.01 (3.88) 0.64 (53.50) 0.07

NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL

NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL

-VY[OLÃ&#x201E;UHUJPHS `LHYLUKLK Z[4HYJO

503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503 503

-VY[OLWYL]PV\Z `LHYZZPUJLP[ ILJHTLHZ\IZPKPHY` 503  503 503 503 503 503 503 503 503 503 503 503 503

7YVÃ&#x201E;[SVZZZVMHYHZP[JVUJLYUZ[OL TLTILYZVM*YVTW[VU.YLH]LZ3PTP[LKHUK KLHS[^P[OPU[OLHJJV\U[ZVM *YVTW[VU.YLH]LZ3PTP[LK

Gautam Thapar CHAIRMAN

                           

-VY[OLÃ&#x201E;UHUJPHS`LHY -VY[OLWYL]PV\Z LUKLK `LHYZZPUJLP[ Z[4HYJO ILJHTLHZ\IZPKPHY`  0.17  0.47  (8.50)  (10.14)   16.51   49.62   (118.55)  4.86  0.43  (72.74)  60.84  1.62   (80.28)  -

,_[LU[VMOVSKPUNI` 7YVÃ&#x201E;[SVZZZVMHYHZP[JVUJLYUZ[OL *YVTW[VU.YLH]LZ TLTILYZVM*YVTW[VU.YLH]LZ3PTP[LKHUK 3PTP[LKPU[OLZ\IZPKPHY` UV[KLHS[^P[OPU[OLHJJV\U[ZVM*YVTW[VU HZVUZ[4HYJO .YLH]LZ3PTP[LK

`JYVYL


FI NA N C I A L S

127

*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

*.7V^LY:VS\[PVUZ3PTP[LK

*.0U[LYUH[PVUHS)=

*./VSKPUNZ)LSNP\T5=

*.7V^LY:`Z[LTZ)LSNP\T5=

*.7V^LY:`Z[LTZ0YLSHUK3PTP[LK *.:HSLZ5L[^VYRZ-YHUJL:(

*.7V^LY:`Z[LTZ*HUHKH0UJ

7;*.7V^LY:`Z[LTZ0UKVULZPH *./VSKPUNZ/\UNHY`2M[ *.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[ *.7V^LY/VSKPUNZ0YLSHUK3PTP[LK

4PJYVZVS3PTP[LK *.(\[VTH[PVU:`Z[LTZ<23PTP[LK *.:LY]PJL:`Z[LTZ-YHUJL:(: *.7V^LY<:(0UJ *.7V^LY:VS\[PVUZ<23PTP[LK *.7V^LY*V\U[`33* *.7V^LY:`Z[LTZ)YHaPS3;+( *.7V^LY:VS\[PVUZ:H\KP(YHIPH3[K

*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK *.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3PTP[LK

*.0UK\Z[YPHS/VSKPUNZ:^LKLU() *.+YP]LZHUK(\[VTH[PVU:^LKLU() *.+YP]LZHUK(\[VTH[PVU5L[OLYSHUKZ)= *.+YP]LZHUK(\[VTH[PVU.LYTHU`.TI/ ,TV[YVU3H[PU(TLYPJH0UJ A0=(WSPJHJPVULZ`;LJUVSVNPH:3 A0=4L[LYPUN:VS\[PVUZ:3 A0=.YPK(\[VTH[PVU:3 A0=*VTT\UPJH[PVUZ:( A0=<:(05* A0=+V)YHaPS3;+( A0=0+:THY[,ULYN`5L[^VYRZ *.4PKKSL,HZ[-A, *.:HSLZ5L[^VYR4HSH`ZPH:+5)/+















   

       

 

             

:,2 :,2 ,<9 ,<9 <:+ ,<9 ,<9 ,<9 ,<9 <:+ 9,(3 ,<9 ,<9 4@9

,<9 ,<9

,<9 .)7 ,<9 <:+ .)7 <:+ 9,(3 :(9

<:+ ,<9 ,<9 ,<9

*(+

,<9 ,<9

,<9

,<9

,<9

059

059

059

059

9LWVY[PUN *\YYLUJ`

:LYPHSUV^HZ0UJVYWVYH[LKVU[O:LW[LTILY

:LYPHSUV^HZ0UJVYWVYH[LKVU(WYPS

*.,ULYN`4HUHNLTLU[3PTP[LK

*.770(KOLZP]L7YVK\J[Z3PTP[LK





:Y 5HTLVM[OL:\IZPKPHY`*VTWHU` 5V

                 

 

            

     



 















*SVZPUN ,_JOHUNL 9H[L

                

   

        

    

 

 



 







 



,X\P[` :OHYL *HWP[HS 

             

 

       

    



  













                    

 

          

    



  











  

 

9LZLY]LZ

                   

  

        

    



 

 

 

 

 







;V[HS (ZZL[Z

THE YEAR ENDED 31ST MARCH 2014

7YLMLYLUJL :OHYL *HWP[HS

*HWP[HS

INFORMATION IN RESPECT OF SUBSIDIARY COMPANIES FOR

                   

 

          

     



   



 

 





 



;V[HS 3PHIPSP[PLZ

             

 

       

   



 















0U]LZ[TLU[ L_JLW[ PU]LZ[TLU[Z PU Z\IZPKPHYPLZ

                  

 

         

    

 

   















;\YUV]LY PUJS\KPUN 6[OLY PUJVTL

              

 

         

    



 









 

 



7YVÃ&#x201E;[ ILMVYL [H_H[PVU

 











7YVÃ&#x201E;[ HM[LY [H_H[PVU

              

 

       

    



 

              

 

         

   



 

 

 











7YV]PZPVU MVY [H_H[PVU

             

 

       

   



 















7YVWVZLK KP]PKLUK

:^LKLU :^LKLU ;OL5L[OLYSHUKZ .LYTHU` <:( :WHPU :WHPU :WHPU :WHPU <:( )YHaPS :WHPU <(, 4HSH`ZPH

4H\YP[P\Z :PUNHWVYL

0YLSHUK <UP[LK2PUNKVT -YHUJL <:( <UP[LK2PUNKVT <:( )YHaPS :H\KP(YHIPH

0UKVULZPH /\UNHY` /\UNHY` 0YLSHUK

*HUHKH

0YLSHUK -YHUJL

)LSNP\T

)LSNP\T

;OL5L[OLYSHUKZ

0UKPH

0UKPH

0UKPH

0UKPH

*V\U[Y`

`JYVYL


CONSOLIDATED FINANCIALS

128

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


INDEPENDENT AUDITORS’ REPORT

TO THE BOARD OF DIRECTORS OF CROMPTON GREAVES LIMITED

>LOH]LH\KP[LK[OLHJJVTWHU`PUNJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z VMCrompton Greaves Limited[OLº*VTWHU`»P[ZZ\IZPKPHYPLZHUK HZZVJPH[LZ [OL *VTWHU` P[Z Z\IZPKPHYPLZ HUK HZZVJPH[LZ JVUZ[P[\[L [OL º.YV\W» ^OPJO JVTWYPZL [OL *VUZVSPKH[LK )HSHUJL :OLL[ HZ H[ Z[4HYJO[OL*VUZVSPKH[LK:[H[LTLU[VM7YVÄ[HUK3VZZHUK [OL*VUZVSPKH[LK*HZO-SV^:[H[LTLU[MVY[OL`LHY[OLULUKLKHUKH Z\TTHY`VM[OLZPNUPÄJHU[HJJV\U[PUNWVSPJPLZHUKV[OLYL_WSHUH[VY` PUMVYTH[PVU ;OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z OH]L ILLU WYLWHYLK I` [OL *VTWHU` PU HJJVYKHUJL ^P[O [OL YLX\PYLTLU[Z VM [OL (JJV\U[PUN :[HUKHYK (:  *VUZVSPKH[LK -PUHUJPHS :[H[LTLU[Z HUK (:  (JJV\U[PUN MVY 0U]LZ[TLU[Z PU (ZZVJPH[LZ PU *VUZVSPKH[LK -PUHUJPHS :[H[LTLU[Z ZWLJPÄLK I` [OL *VTWHUPLZ (JJV\U[PUN :[HUKHYKZ 9\SLZUV[PÄLK I`[OL *LU[YHS .V]LYUTLU[ HUK VU [OL IHZPZ VM [OLZLWHYH[LH\KP[LKJLY[PÄLKÄUHUJPHSZ[H[LTLU[ZVM[OL*YVTW[VU .YLH]LZ.YV\WPUJS\KLKPU[OLJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z Management’s Responsibility for the Consolidated Financial Statements 4HUHNLTLU[PZYLZWVUZPISLMVY[OLWYLWHYH[PVUVM[OLZLJVUZVSPKH[LK ÄUHUJPHSZ[H[LTLU[Z[OH[NP]LH[Y\LHUKMHPY]PL^VM[OLJVUZVSPKH[LK ÄUHUJPHSWVZP[PVUJVUZVSPKH[LKÄUHUJPHSWLYMVYTHUJLHUKJVUZVSPKH[LK JHZOÅV^ZVM[OL.YV\WPUHJJVYKHUJL^P[O[OLHJJV\U[PUNWYPUJPWSLZ NLULYHSS` HJJLW[LK PU 0UKPH ;OPZ YLZWVUZPIPSP[` PUJS\KLZ [OL KLZPNU PTWSLTLU[H[PVU HUK THPU[LUHUJL VM PU[LYUHS JVU[YVSZ YLSL]HU[ [V [OL WYLWHYH[PVUHUKWYLZLU[H[PVUVM[OLJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z [OH[NP]LH[Y\LHUKMHPY]PL^HUKHYLMYLLMYVTTH[LYPHSTPZZ[H[LTLU[Z ^OL[OLYK\L[VMYH\KVYLYYVY Auditors’ Responsibility 6\Y YLZWVUZPIPSP[` PZ [V L_WYLZZ HU VWPUPVU VU [OLZL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z IHZLK VU V\Y H\KP[ >L JVUK\J[LK V\Y H\KP[ PU HJJVYKHUJL ^P[O [OL :[HUKHYKZ VU (\KP[PUN PZZ\LK I` [OL 0UZ[P[\[L VM *OHY[LYLK (JJV\U[HU[Z VM 0UKPH ;OVZL :[HUKHYKZ YLX\PYL [OH[ ^L JVTWS`^P[O[OLL[OPJHSYLX\PYLTLU[ZHUKWSHUHUKWLYMVYT[OLH\KP[[V VI[HPUYLHZVUHISLHZZ\YHUJLHIV\[^OL[OLY[OLJVUZVSPKH[LKÄUHUJPHS Z[H[LTLU[ZHYLMYLLMYVTTH[LYPHSTPZZ[H[LTLU[ (U H\KP[ PU]VS]LZ WLYMVYTPUN WYVJLK\YLZ [V VI[HPU H\KP[ L]PKLUJL HIV\[ [OL HTV\U[Z HUK [OL KPZJSVZ\YLZ PU [OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z ;OL WYVJLK\YLZ ZLSLJ[LK KLWLUK VU [OL H\KP[VY»Z Q\KNLTLU[ PUJS\KPUN [OL HZZLZZTLU[ VM [OL YPZRZ VM TH[LYPHS TPZZ[H[LTLU[ VM [OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z ^OL[OLY K\L [V MYH\K VY LYYVY 0U THRPUN [OVZL YPZR HZZLZZTLU[Z [OL H\KP[VY JVUZPKLYZ[OLPU[LYUHSJVU[YVSZYLSL]HU[[V[OL.YV\W»ZWYLWHYH[PVUHUK WYLZLU[H[PVUVM[OLJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z[OH[NP]LH[Y\L HUKMHPY]PL^PUVYKLY[VKLZPNUH\KP[WYVJLK\YLZ[OH[HYLHWWYVWYPH[L PU[OLJPYJ\TZ[HUJLZI\[UV[MVY[OLW\YWVZLVML_WYLZZPUNHUVWPUPVU VU[OLLMMLJ[P]LULZZVM[OL*VTWHU`»ZPU[LYUHSJVU[YVS(UH\KP[HSZV PUJS\KLZ L]HS\H[PUN [OL HWWYVWYPH[LULZZ VM [OL HJJV\U[PUN WVSPJPLZ \ZLK HUK [OL YLHZVUHISLULZZ VM [OL HJJV\U[PUN LZ[PTH[LZ THKL I` [OL4HUHNLTLU[HZ^LSSHZL]HS\H[PUN[OLV]LYHSSWYLZLU[H[PVUVM[OL JVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z >LILSPL]L[OH[[OLH\KP[L]PKLUJL^LOH]LVI[HPULKPZZ\MÄJPLU[HUK HWWYVWYPH[L[VWYV]PKLHIHZPZMVYV\YH\KP[VWPUPVU Opinion >L YLWVY[ [OH[ VU [OL IHZPZ VM [OL PUMVYTH[PVU HUK HJJVYKPUN [V [OL L_WSHUH[PVUZNP]LU[V\ZHUKIHZLKVU[OLJVUZPKLYH[PVUVM[OLYLWVY[Z VM [OL V[OLY H\KP[VYZ VU [OL ÄUHUJPHS Z[H[LTLU[Z HUK [OL ÄUHUJPHS Z[H[LTLU[Z JLY[PÄLK I` [OL THUHNLTLU[ VM JLY[HPU Z\IZPKPHYPLZ HUK HZZVJPH[LZ HZ UV[LK ILSV^ [OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z NP]LH[Y\LHUKMHPY]PL^PUJVUMVYTP[`^P[O[OLHJJV\U[PUNWYPUJPWSLZ NLULYHSS`HJJLW[LKPU0UKPH! H PU [OL JHZL VM [OL *VUZVSPKH[LK )HSHUJL :OLL[ VM [OL Z[H[L VM HMMHPYZVM[OL*YVTW[VU.YLH]LZ.YV\WHZH[Z[4HYJO" I PU[OLJHZLVM[OL*VUZVSPKH[LK:[H[LTLU[VM7YVÄ[HUK3VZZVM [OLJVUZVSPKH[LKYLZ\S[ZVMVWLYH[PVUZVM[OL*YVTW[VU.YLH]LZ .YV\WMVY[OL`LHYLUKLKVU[OH[KH[L"HUK J PU [OL JHZL VM [OL *VUZVSPKH[LK *HZO -SV^ :[H[LTLU[ VM [OL JVUZVSPKH[LKJHZOÅV^ZVM[OL*YVTW[VU.YLH]LZ.YV\WMVY[OL `LHYLUKLKVU[OH[KH[L

Other Matters >LKPKUV[H\KP[[OLÄUHUJPHSZ[H[LTLU[ZVMJLY[HPUZ\IZPKPHYPLZHUK HZZVJPH[LZ^OVZLÄUHUJPHSZ[H[LTLU[ZOH]LILLUH\KP[LKYL]PL^LK I` V[OLY H\KP[VYZ HUK ^OVZL YLWVY[Z OH]L ILLU M\YUPZOLK [V \Z HUK PUZVMHY HZ P[ YLSH[LZ [V [OL HTV\U[Z PUJS\KLK PU YLZWLJ[ VM [OL Z\IZPKPHYPLZHUKHZZVJPH[LZHYLIHZLKZVSLS`VU[OLYLWVY[ZVM[OLV[OLY H\KP[VYZ;OLKL[HPSZVM[V[HSHZZL[Z[V[HSYL]LU\LZHUKUL[JHZOÅV^Z PUYLZWLJ[VM[OLZLZ\IZPKPHYPLZHUK[OLUL[JHYY`PUNJVZ[VMPU]LZ[TLU[ HUKJ\YYLU[`LHYZOHYLVMWYVÄ[VYSVZZPUYLZWLJ[VM[OLZLHZZVJPH[LZ [V[OLL_[LU[[V^OPJO[OL`HYLYLÅLJ[LKPU[OLJVUZVSPKH[LKÄUHUJPHS Z[H[LTLU[ZHYLNP]LUILSV^! &ZINYJIG^TYMJWFZINYTWX ` JYVYL Total assets

Total revenues

3JYHFXMÂT\X







0UKPHUZ\IZPKPHY` -VYLPNUZ\IZPKPHYPLZ

 



 ` JYVYL

Net carrying cost of investment

Current year share of UWTÁYTW QTXX



 

-VYLPNUHZZVJPH[LZ

-\Y[OLY^LKPKUV[H\KP[[OLÄUHUJPHSZ[H[LTLU[ZVM0UKPHUHZZVJPH[L ^OVZL ÄUHUJPHS Z[H[LTLU[Z OH]L ILLU JLY[PÄLK I` THUHNLTLU[ HUK OH]L ILLU M\YUPZOLK [V \Z HUK PUZVMHY HZ P[ YLSH[LZ [V [OL HTV\U[Z PUJS\KLK PU YLZWLJ[ VM [OL ZHPK HZZVJPH[L PZ IHZLK ZVSLS` VU [OLZL JLY[PÄLK ÄUHUJPHS Z[H[LTLU[Z ;OL KL[HPSZ VM UL[ JHYY`PUN JVZ[ VM PU]LZ[TLU[HUKJ\YYLU[`LHYZOHYLVMWYVÄ[PUYLZWLJ[VM[OLHZZVJPH[L [V[OLL_[LU[[V^OPJO[OL`HYLYLÅLJ[LKPU[OLJVUZVSPKH[LKÄUHUJPHS Z[H[LTLU[ZHYLNP]LUILSV^! (JWYNÁJIG^RFSFLJRJSY ` JYVYL

0UKPHUHZZVJPH[L

Net carrying cost of investment

Current year share of UWTÁY

 



:PUJL [OL ÄUHUJPHS Z[H[LTLU[Z VM [OL HZZVJPH[L ^LYL JVTWPSLK I` THUHNLTLU[ VM [OVZL JVTWHUPLZ HUK ^LYL UV[ H\KP[LK HU` HKQ\Z[TLU[Z[V[OLPYIHSHUJLZJV\SKOH]LJVUZLX\LU[PHSLMMLJ[ZVU[OL JVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z/V^L]LY[OLZPaLVM[OLHZZVJPH[L PU[OLJVUZVSPKH[LKWVZP[PVUPZUV[ZPNUPÄJHU[PUYLSH[P]L[LYTZ 6\YVWPUPVUPZUV[X\HSPÄLKPUYLZWLJ[VM[OLZLTH[[LYZ

SHARP & TANNAN CHARTERED ACCOUNTANTS -PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM 

 4\TIHP [O4H`

Milind P. Phadke PARTNER 4LTILYZOPW5V

FI NA N C I A L S

129


`JYVYL

CONSOLIDATED BALANCE SHEET

AS AT 31ST MARCH, 2014

5V[L5V

(ZH[

(ZH[

125.35 3519.21

 

EQUITY AND LIABILITIES 1.

SHAREHOLDERS’ FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

 

2.

MINORITY INTEREST



3.

NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ I +LMLYYLK[H_SPHIPSP[PLZ J 6[OLYSVUN[LYTSPHIPSP[PLZ K 3VUN[LYTWYV]PZPVUZ

   

3644.56 11.75

1632.25 187.83 86.48 73.11

 

    1979.67

4.

CURRENT LIABILITIES: H:OVY[[LYTIVYYV^PUNZ I;YHKLWH`HISLZ J6[OLYJ\YYLU[SPHIPSP[PLZ K:OVY[[LYTWYV]PZPVUZ

  

560.77 2773.73 1712.04 333.33

      

5379.87 11015.85

TOTAL

 

ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z



1571.17

 

 PP 0U[HUNPISLHZZL[Z



510.79



91.54



126.83



 PPP*HWP[HS^VYRPUWYVNYLZZ  P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[

1158.81

 



278.00

 

J+LMLYYLK[H_HZZL[Z



341.00

 

K3VUN[LYTSVHUZHUKHK]HUJLZ



49.89



] .VVK^PSSVUJVUZVSPKH[PVU

I5VUJ\YYLU[PU]LZ[TLU[Z

 4128.03

2.

  

CURRENT ASSETS: H*\YYLU[PU]LZ[TLU[Z



20.89



I0U]LU[VYPLZ



1671.39



J;YHKLYLJLP]HISLZ



3591.25



K*HZOHUKIHURIHSHUJLZ



814.95



L:OVY[[LYTSVHUZHUKHK]HUJLZ



495.57



M 6[OLYJ\YYLU[HZZL[Z



293.77

TOTAL CONTINGENT LIABILITIES AND COMMITMENTS



SIGNIFICANT ACCOUNTING POLICIES 9MJFHHTRUFS^NSLSTYJXKTWRFSNSYJLWFQUFWYTKHTSXTQNIFYJIÁSFSHNFQXYFYJRJSYX



 6887.82



11015.85



(ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

130

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

4\TIHP [O4H`


`JYVYL

CONSOLIDATED STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

5V[L5V

 



INCOME: 13906.87

:HSLZHUKZLY]PJLZ Less:,_JPZLK\[`



426.29

 

9L]LU\LMYVTVWLYH[PVUZ



13480.58

6[OLYPUJVTL



211.51



13692.09

 

TOTAL REVENUE

 

EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ



7193.12



7\YJOHZLZVMZ[VJRPU[YHKL



1993.21



*OHUNLZPUPU]LU[VYPLZVMÄUPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL



(51.07)



,TWSV`LLILULÄ[ZL_WLUZL



1952.06



-PUHUJLJVZ[Z



136.62



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL



262.14

 

6[OLYL_WLUZLZ



1711.29

TOTAL EXPENSES

 13197.37

PROFIT BEFORE EXCEPTIONAL ITEM AND TAX



-



494.72



,_JLW[PVUHSP[LT PROFIT BEFORE TAX

 

494.72

TAX EXPENSE: *\YYLU[[H_ +LMLYYLK[H_



PROFIT / (LOSS) AFTER TAX

193.52



42.53

 236.05

 

258.67



0.68



(15.02)

 

244.33



3.86



4PUVYP[`PU[LYLZ[PUSVZZ :OHYLVMWYVÄ[SVZZVMHZZVJPH[LJVTWHUPLZUL[ PROFIT / (LOSS) FOR THE YEAR ,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LK`



-HJL]HS\LVMLX\P[`ZOHYLVM`LHJO SIGNIFICANT ACCOUNTING POLICIES



9MJFHHTRUFS^NSLSTYJXKTWRFSNSYJLWFQUFWYTKHTSXTQNIFYJIÁSFSHNFQXYFYJRJSYX (ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

4\TIHP [O4H`

FI NA N C I A L S

131


`JYVYL

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH, 2014





494.72



262.14

 

14.74



[A] CASH FLOWS FROM OPERATING ACTIVITIES 5WTÁYGJKTWJYF]JX (KQ\Z[TLU[ZMVY! +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL (SSV^HUJLMVYKV\I[M\SKLI[ZHUKHK]HUJLZ 0U[LYLZ[L_WLUZLZ

136.62



0U[LYLZ[PUJVTL

(39.96)



(0.05)



7YVÄ[VUZHSLVMPU]LZ[TLU[ZUL[

(10.86)



<UYLHSPZLKL_JOHUNLNHPUSVZZUL[

(55.61)



39.12



0UJVTLMYVTPU]LZ[TLU[ZUL[

<UYLHSPZLKL_JOHUNLNHPUVUJVUZVSPKH[PVUUL[ 7YVÄ[SVZZVUZHSLVMÄ_LKHZZL[ZUL[

4UJWFYNSLUWTÁYGJKTWJ\TWPNSLHFUNYFQHMFSLJX

(14.56)



331.58



826.30



(KQ\Z[TLU[ZMVY! (634.00)

 

0UJYLHZL+LJYLHZLPUPU]LU[VYPLZ

(34.67)

 

0UJYLHZL+LJYLHZLPU[YHKLHUKV[OLYWH`HISLZ

382.94



34.43



0UJYLHZL+LJYLHZLPU[YHKLHUKV[OLYYLJLP]HISLZ

0UJYLHZL+LJYLHZLPUWYV]PZPVUZ

(251.30)

 

*HZO\ZLKPUMYVTVWLYH[PVUZ

575.00



+PYLJ[[H_LZWHPKUL[VMYLM\UKZ

(241.11)

4PUVYP[`PU[LYLZ[PUSVZZ :OHYLVMWYVÄ[SVZZVMHZZVJPH[LJVTWHUPLZUL[ Net cash (used in) / from operating activities

[A]





0.68



(15.02)

 

319.55



19.48

 

[B] CASH FLOWS FROM INVESTING ACTIVITIES &II .SÂT\XKWTRNS[JXYNSLFHYN[NYNJX :HSLVMÄ_LKHZZL[Z

-



487.74

 

-

 

39.97



0.05



15.02



562.26



7\YJOHZLVMÄ_LKHZZL[Z

(281.48)

 

<UYLHSPZLKMVYLPNUL_JOHUNLSVZZVUJVUZVSPKH[PVUUL[

(363.80)



(14.79)



<UYLHSPZLKMVYLPNUL_JOHUNLNHPUVUJVUZVSPKH[PVUUL[ :HSLVMPU]LZ[TLU[ZUL[ *HZOHUKJHZOLX\P]HSLU[ZHJX\PYLKW\YZ\HU[[VHJX\PZP[PVUVMZ\IZPKPHYPLZ 0U[LYLZ[YLJLP]LK 0UJVTLYLJLP]LKMYVTPU]LZ[TLU[ZUL[ *OHUNLZPUPU]LZ[TLU[PUHZZVJPH[LJVTWHUPLZUL[

Less:4ZYÂT\KWTRNS[JXYNSLFHYN[NYNJX

(KKP[PVUVUHJJV\U[VMHJX\PZP[PVU (JX\PZP[PVUVMZ\IZPKPHYPLZHUKHZZVJPH[LZ

Net Cash (used in ) / from investing activities

132

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

[B]

-

 

(660.07)



(97.81)




`JYVYL

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH, 2014 (Contd.)





[C] CASH FLOWS FROM FINANCING ACTIVITIES &II .SÂT\XKWTRÁSFSHNSLFHYN[NYNJX 4.65



<UYLHSPZLKMVYLPNUL_JOHUNLSVZZVUJVUZVSPKH[PVUUL[

339.24



7YVJLLKZMYVTZOVY[[LYTIVYYV^PUNZUL[

264.30



608.19



7YVJLLKZMYVTSVUN[LYTIVYYV^PUNZ

Less: 4ZYÂT\XKWTRÁSFSHNSLFHYN[NYNJX )\`IHJRVMZOHYLZ

(133.54)



-



(241.55)



9LWH`TLU[ZVMZOVY[[LYTIVYYV^PUNZUL[ 9LWH`TLU[ZVMSVUN[LYTIVYYV^PUNZ +P]PKLUKZWHPK

(75.88)

 

(KKP[PVUHS[H_VUKP]PKLUK

(12.96)



(133.65)

 

(0.76)



(598.34)



9.85

 

231.59



0U[LYLZ[WHPK *OHUNLZPUTPUVYP[`PU[LYLZ[

3JYHFXM ZXJINSKWTRÁSFSHNSLFHYN[NYNJX

@(B

NET INCREASE / (DECREASE) IN CASH AND BANK BALANCES (A+B+C)

(FXMFSIGFSPGFQFSHJXFYGJLNSSNSLTKYMJ^JFW

583.36

 

(FXMFSIGFSPGFQFSHJXFYJSITKYMJ^JFW

814.95



9LMLY5V[L infra

Notes: 

;OLJVUZVSPKH[LKJHZOÅV^Z[H[LTLU[OHZILLUWYLWHYLK\UKLY[OLPUKPYLJ[TL[OVKHZZL[V\[PU(JJV\U[PUN:[HUKHYK(:*HZO-SV^:[H[LTLU[ZHZZWLJPÄLKPU [OL*VTWHUPLZ(JJV\U[PUN:[HUKHYKZ9\SLZ



(KKP[PVUZ[VÄ_LKHZZL[ZPUJS\KLTV]LTLU[ZVMJHWP[HS^VYRPUWYVNYLZZK\YPUN[OL`LHY



*HZOHUKIHURIHSHUJLZH[[OLLUKVM[OL`LHYYLWYLZLU[JHZOHUKIHURIHSHUJLZHUKPUJS\KL\UYLHSPZLKNHPUVM`JYVYL7YL]PV\Z`LHY`JYVYLVUHJJV\U[ VM[YHUZSH[PVUVMMVYLPNUJ\YYLUJ`IHURIHSHUJLZ



-PN\YLZMVY[OLWYL]PV\Z`LHYOH]LILLUYLNYV\WLK^OLYL]LYULJLZZHY`

(ZWLYV\YYLWVY[H[[HJOLK SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP! [O4H`

4\TIHP! [O4H`

FI NA N C I A L S

133


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES



'FXNXTKUWJUFWFYNTSFSIUWJXJSYFYNTSTKÁSFSHNFQXYFYJRJSYX



;OLJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[ZYLSH[L[V*YVTW[VU.YLH]LZ3PTP[LK[OL7HYLU[*VTWHU`P[ZZ\IZPKPHY`JVTWHUPLZHUKHZZVJPH[LZ ;OL7HYLU[*VTWHU`^P[OP[ZZ\IZPKPHYPLZHUKHZZVJPH[LZJVUZ[P[\[L[OL.YV\W H ;OLÄUHUJPHSZ[H[LTLU[ZVM[OL.YV\WOH]LILLUWYLWHYLKPUHJJVYKHUJL^P[O[OL.LULYHSS`(JJLW[LK(JJV\U[PUN7YPUJPWSLZPU0UKPH 0UKPHU.((7\UKLY[OLOPZ[VYPJHSJVZ[JVU]LU[PVUL_JLW[MVY[OLYL]HS\H[PVUVMJLY[HPUÄ_LKHZZL[ZVUHJJY\HSIHZPZ;OLÄUHUJPHS Z[H[LTLU[ZVM[OL*VTWHU`OH]LILLUWYLWHYLK[VJVTWS`^P[O[OL(JJV\U[PUN:[HUKHYKZUV[PÄLK\UKLY[OL*VTWHUPLZ(JJV\U[PUN :[HUKHYKZ 9\SLZ  HZ HTLUKLK HUK [OL YLSL]HU[ WYV]PZPVUZ VM [OL *VTWHUPLZ (J[   -\Y[OLY [OL N\PKHUJL UV[LZ  HUUV\UJLTLU[ZPZZ\LKI`[OL0UZ[P[\[LVM*OHY[LYLK(JJV\U[HU[ZVM0UKPH0*(0HYLHSZVJVUZPKLYLK^OLYL]LYHWWSPJHISLL_JLW[[V [OLL_[LU[^OLYLJVTWSPHUJL^P[OV[OLYZ[H[\[VY`IVKPLZ]Pa:,)0N\PKLSPULZV]LYYPKL[OLZHTLYLX\PYPUNHKPMMLYLU[[YLH[TLU[*LY[HPU LZJHSH[PVUHUKV[OLYJSHPTZHYLHJJV\U[LKMVYPU[LYTZVMJVU[YHJ[Z^P[O[OLJ\Z[VTLYZHKTP[[LKI`[OLHWWYVWYPH[LH\[OVYP[PLZ I ;OLÄUHUJPHSZ[H[LTLU[ZVM[OLZ\IZPKPHY`JVTWHUPLZ\ZLKPU[OLJVUZVSPKH[PVUHYLKYH^U\W[V[OLZHTLYLWVY[PUNKH[LHZ[OH[VM[OL 7HYLU[*VTWHU`PL`LHYLUKLKZ[4HYJOL_JLW[HZZ[H[LKPU5V[LJ J ;OLÄUHUJPHSZ[H[LTLU[ZVMHSS0UKPHUZ\IZPKPHYPLZHUKHZZVJPH[LZHYLWYLWHYLKPUJVTWSPHUJL^P[O[OL(JJV\U[PUN:[HUKHYKZZWLJPÄLK PU[OL*VTWHUPLZ(JJV\U[PUN:[HUKHYKZ9\SLZHZHTLUKLKHUKV[OLYWYV]PZPVUZVM[OL*VTWHUPLZ(J[ HUK[OVZLVM [OLMVYLPNUZ\IZPKPHYPLZHUKHZZVJPH[LZOH]LILLUWYLWHYLKPUJVTWSPHUJL^P[O[OLSVJHSSH^ZHUKHWWSPJHISLHJJV\U[PUNZ[HUKHYKZ ;OLHJJV\U[PUNWVSPJPLZHKVW[LKPU[OLWYLWHYH[PVUVM[OLÄUHUJPHSZ[H[LTLU[ZHYLJVUZPZ[LU[^P[O[OVZLMVSSV^LKPU[OLWYL]PV\Z`LHY

2.

Use of estimates:



;OL WYLWHYH[PVU VM ÄUHUJPHS Z[H[LTLU[Z PU JVUMVYTP[` ^P[O .((7 YLX\PYLZ [OL THUHNLTLU[ [V THRL LZ[PTH[LZ HUK HZZ\TW[PVUZ [OH[ HMMLJ[[OLYLWVY[LKHTV\U[ZVMHZZL[ZSPHIPSP[PLZYL]LU\LHUKL_WLUZLZHUKKPZJSVZ\YLVMJVU[PUNLU[SPHIPSP[PLZHUKHZZL[Z;OLLZ[PTH[LZ HUK HZZ\TW[PVUZ \ZLK PU [OL HJJVTWHU`PUN ÄUHUJPHS Z[H[LTLU[Z HYL IHZLK \WVU THUHNLTLU[»Z L]HS\H[PVU VM [OL YLSL]HU[ MHJ[Z HUK JPYJ\TZ[HUJLZHZVM[OLKH[LVM[OLÄUHUJPHSZ[H[LTLU[Z;OLL_HTWSLZVMZ\JOLZ[PTH[LZPUJS\KL[OL\ZLM\SSPMLVM[HUNPISLHUKPU[HUNPISL Ä_LKHZZL[ZHSSV^HUJLZMVYKV\I[M\SKLI[ZHK]HUJLZM\[\YLVISPNH[PVUZPUYLZWLJ[VMYL[PYLTLU[ILULÄ[WSHUZL[J(J[\HSYLZ\S[ZTH` KPMMLYMYVT[OLLZ[PTH[LZHUKHZZ\TW[PVUZHUKPUZ\JOJHZL[OLKPMMLYLUJLPZYLJVNUPZLKPU[OLWLYPVKPU^OPJO[OLYLZ\S[ZHYLRUV^U

3.

Principles of consolidation: H ;OL ÄUHUJPHS Z[H[LTLU[Z VM [OL 7HYLU[ *VTWHU` HUK P[Z Z\IZPKPHYPLZ OH]L ILLU JVUZVSPKH[LK VU H SPUL I` SPUL IHZPZ I` HKKPUN [VNL[OLY [OL IVVR ]HS\LZ VM SPRL P[LTZ VM HZZL[Z SPHIPSP[PLZ PUJVTLZ HUK L_WLUZLZ HM[LY LSPTPUH[PUN PU[YHNYV\W IHSHUJLZ PU[YH NYV\W[YHUZHJ[PVUZHUK\UYLHSPZLKWYVÄ[ZYLZ\S[PUN[OLYLMYVTHUKHYLWYLZLU[LK[V[OLL_[LU[WVZZPISLPU[OLZHTLTHUULYHZ[OL *VTWHU`»ZPUKLWLUKLU[ÄUHUJPHSZ[H[LTLU[Z I ;OLÄUHUJPHSZ[H[LTLU[ZVM[OL7HYLU[*VTWHU`HUKP[ZZ\IZPKPHYPLZOH]LILLUJVUZVSPKH[LK\ZPUN\UPMVYTHJJV\U[PUNWVSPJPLZMVY SPRL[YHUZHJ[PVUZHUKV[OLYL]LU[ZPUZPTPSHYJPYJ\TZ[HUJLZ J ;OLL_JLZZVMJVZ[[V[OL7HYLU[*VTWHU`VMP[ZPU]LZ[TLU[PULHJOVM[OLZ\IZPKPHYPLZV]LYP[ZZOHYLVMLX\P[`PU[OLYLZWLJ[P]L Z\IZPKPHY`VU[OLHJX\PZP[PVUKH[LPZYLJVNUPZLKPU[OLJVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[ZHZºNVVK^PSSVUJVUZVSPKH[PVU»HUKJHYYPLK PU[OLIHSHUJLZOLL[HZHUHZZL[>OLYL[OLZOHYLVMLX\P[`PU[OLZ\IZPKPHY`JVTWHUPLZHZVU[OLKH[LVMPU]LZ[TLU[PZPUL_JLZZ VMJVZ[VMPU]LZ[TLU[VM[OLJVTWHU`P[PZYLJVNUPZLKHZºJHWP[HSYLZLY]L»HUKZOV^U\UKLY[OLOLHK9LZLY]LZHUK:\YWS\ZPU[OL JVUZVSPKH[LKÄUHUJPHSZ[H[LTLU[Z K 4PUVYP[`PU[LYLZ[PU[OLUL[HZZL[ZVMJVUZVSPKH[LKZ\IZPKPHYPLZJVUZPZ[ZVM[OLHTV\U[VMLX\P[`H[[YPI\[HISL[V[OLTPUVYP[`ZOHYLOVSKLYZ H[[OLKH[LZVU^OPJOPU]LZ[TLU[ZHYLTHKLI`[OLJVTWHU`PU[OLZ\IZPKPHY`JVTWHUPLZHUKM\Y[OLYTV]LTLU[ZPU[OLPYZOHYLPU[OL LX\P[`Z\IZLX\LU[[V[OLKH[LZVMPU]LZ[TLU[Z L 0U]LZ[TLU[ZPUHZZVJPH[LJVTWHUPLZOH]LILLUHJJV\U[LK\UKLY[OLLX\P[`TL[OVKHZWLY(JJV\U[PUN:[HUKHYK(:(JJV\U[PUN MVY0U]LZ[TLU[ZPU(ZZVJPH[LZPU*VUZVSPKH[LK-PUHUJPHS:[H[LTLU[Z<UKLY[OLLX\P[`TL[OVKVMHJJV\U[PUN[OLPU]LZ[TLU[PZPUP[PHSS` YLJVYKLKH[JVZ[PKLU[PM`PUNHU`NVVK^PSSJHWP[HSYLZLY]LHYPZPUNH[[OL[PTLVMHJX\PZP[PVU;OLJHYY`PUNHTV\U[VMPU]LZ[TLU[PZ HKQ\Z[LK[OLYLHM[LYMVY[OLWVZ[HJX\PZP[PVUJOHUNLPU[OLPU]LZ[VY»ZZOHYLVMUL[HZZL[ZVM[OLPU]LZ[LL;OLJVUZVSPKH[LKZ[H[LTLU[VM WYVÄ[HUKSVZZYLÅLJ[Z[OLPU]LZ[VY»ZZOHYLVM[OLYLZ\S[ZVM[OLVWLYH[PVUZVM[OLPU]LZ[LL



+N]JI&XXJYX H -P_LKHZZL[ZHYLZ[H[LKH[VYPNPUHSJVZ[UL[VM[H_K\[`JYLKP[H]HPSLKSLZZHJJ\T\SH[LKKLWYLJPH[PVUHUKHTVY[PZH[PVU:\IZLX\LU[ \WNYHKH[PVUZLUOHUJLTLU[Z^OPJOYLZ\S[ZPUHUPUJYLHZLPU[OLM\[\YLILULÄ[ZMYVTZ\JOHZZL[ZIL`VUK[OLWYL]PV\ZS`HZZLZZLK Z[HUKHYKVMWLYMVYTHUJLHYLHSZVJHWP[HSPZLK4HJOPULY`ZWHYLZ^OPJOJHUIL\ZLKVUS`PUJVUULJ[PVU^P[OHUP[LTVM[HUNPISLHZZL[Z HUK^OVZL\ZLPZUV[VMYLN\SHYUH[\YLHYL^YP[[LUVMMV]LY[OLLZ[PTH[LK\ZLM\SSPMLVM[OLYLSL]HU[HZZL[ I (KTPUPZ[YH[P]LHUKV[OLYNLULYHSV]LYOLHKZ[OH[HYLZWLJPÄJHSS`H[[YPI\[HISL[VJVUZ[Y\J[PVUVYHJX\PZP[PVUVMÄ_LKHZZL[ZVYIYPUNPUN [OLÄ_LKHZZL[Z[V^VYRPUNJVUKP[PVUHYLHSSVJH[LKHUKJHWP[HSPZLKHZHWHY[VMÄ_LKHZZL[Z J 7YLVWLYH[P]LL_WLUZLZPUJS\KPUNPU[LYLZ[VUIVYYV^PUNZ\W[V[OLKH[LVMJVTTLYJPHSVWLYH[PVUZHYL[YLH[LKHZWHY[VMWYVQLJ[JVZ[ HUKJHWP[HSPZLK K 0U[LYUHSS`THU\MHJ[\YLKÄ_LKHZZL[ZHYLJHWP[HSPZLKH[MHJ[VY`JVZ[PUJS\KPUNL_JPZLK\[`^OLYLHWWSPJHISL L *HWP[HS^VYRPUWYVNYLZZPUJS\KLZJVZ[VMÄ_LKHZZL[Z\UKLYPUZ[HSSH[PVU\UKLYKL]LSVWTLU[HZH[[OLIHSHUJLZOLL[KH[L M

*HWP[HSL_WLUKP[\YLVU[HUNPISLHZZL[ZMVYYLZLHYJOHUKKL]LSVWTLU[PZJSHZZPÄLK\UKLYÄ_LKHZZL[ZHUKPZKLWYLJPH[LKVU[OLZHTL IHZPZHZV[OLYÄ_LKHZZL[Z

N -P_LKHZZL[ZHYLLSPTPUH[LKMYVTÄUHUJPHSZ[H[LTLU[LP[OLYVUKPZWVZHSVY^OLUYL[PYLKMYVTHJ[P]L\ZL3VZZLZHYPZPUNPUJHZLVM YL[PYLTLU[VMHZZL[ZHUKNHPUZVYSVZZLZHYPZPUNMYVTKPZWVZHSVMÄ_LKHZZL[ZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÄ[HUKSVZZPU[OL `LHYVMVJJ\YYLUJL

134

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

5.

Impairment of assets:



(ZH[LHJOIHSHUJLZOLL[KH[L[OLJHYY`PUNHTV\U[VMHZZL[ZPZ[LZ[LKMVYPTWHPYTLU[ZVHZ[VKL[LYTPUL! H [OLWYV]PZPVUMVYPTWHPYTLU[SVZZPMHU`"HUK I [OLYL]LYZHSVMPTWHPYTLU[SVZZYLJVNUPZLKPUWYL]PV\ZWLYPVKZPMHU` .VVK^PSSHYPZPUNVUJVUZVSPKH[PVUPZUV[HTVY[PaLKI\[[LZ[LKMVYPTWHPYTLU[HUU\HSS` 0TWHPYTLU[SVZZPZYLJVNUPZLK^OLU[OLJHYY`PUNHTV\U[VMHUHZZL[L_JLLKZP[ZYLJV]LYHISLHTV\U[ 9LJV]LYHISLHTV\U[PZKL[LYTPULK! H 0U[OLJHZLVMHUPUKP]PK\HSHZZL[H[[OLOPNOLYVM[OLUL[ZLSSPUNWYPJLHUK[OL]HS\LPU\ZL"HUK I 0U[OLJHZLVMJHZONLULYH[PUN\UP[HNYV\WVMHZZL[Z[OH[NLULYH[LZPKLU[PÃ&#x201E;LKPUKLWLUKLU[JHZOÃ&#x2026;V^ZH[[OLOPNOLYVM[OLJHZO NLULYH[PUN\UP[»ZUL[ZLSSPUNWYPJLHUK[OL]HS\LPU\ZL 

=HS\LPU\ZLPZKL[LYTPULKHZ[OLWYLZLU[]HS\LVMLZ[PTH[LKM\[\YLJHZOÃ&#x2026;V^ZMYVT[OLJVU[PU\PUN\ZLVMHUHZZL[HUKMYVTP[ZKPZWVZHS H[[OLLUKVMP[Z\ZLM\SSPML



.SYFSLNGQJFXXJYXFSIFRTWYNXFYNTS



0U[HUNPISLHZZL[ZHYLYLJVNUPZLK^OLUP[PZWYVIHISL[OH[[OLM\[\YLLJVUVTPJILULÃ&#x201E;[Z[OH[HYLH[[YPI\[HISL[V[OLHZZL[Z^PSSÃ&#x2026;V^[V[OL *VTWHU`HUK[OLJVZ[VM[OLHZZL[JHUILTLHZ\YLKYLSPHIS`0U[HUNPISLHZZL[ZHYLHTVY[PZLKHZMVSSV^Z! F .SYFSLNGQJFXXJYX :WLJPHSPZLKZVM[^HYL

!

6]LYHWLYPVKVMÃ&#x201E;]L`LHYZ"

;LJOUPJHSRUV^OV^

!

6]LYHWLYPVKVMÃ&#x201E;]L`LHYZMYVT[OLKH[LVM*VTTLYJPHSWYVK\J[PVU"

*VTTLYJPHSYPNO[Z

!

6]LY[OLWLYPVKVM[LU`LHYZ"

)YHUKUHTLHUKJ\Z[VTLYSPZ[Z

!

6]LYHWLYPVKVM[LU`LHYZ"

6[OLYPU[HUNPISLHZZL[Z

!

6]LYHWLYPVKVMÃ&#x201E;]L`LHYZ"HUK

G 7JXJFWHMFSIIJ[JQTURJSYHTXY  9LZLHYJOJVZ[! 

9L]LU\LL_WLUKP[\YLVUYLZLHYJOPZL_WLUZLK\UKLY[OLYLZWLJ[P]LOLHKZVMHJJV\U[ZPU[OLWLYPVKPU^OPJOP[PZPUJ\YYLK

 +L]LSVWTLU[JVZ[! 

+L]LSVWTLU[L_WLUKP[\YLVUUL^WYVK\J[PZJHWP[HSPZLKHZPU[HUNPISLHZZL[PMHSSVM[OLMVSSV^PUNJHUILKLTVUZ[YH[LK P

[OL[LJOUPJHSMLHZPIPSP[`VMJVTWSL[PUN[OLPU[HUNPISLHZZL[ZV[OH[P[^PSSILH]HPSHISLMVY\ZLVYZHSL"

PP [OL*VTWHU`OHZPU[LU[PVU[VJVTWSL[L[OLKL]LSVWTLU[VMPU[HUNPISLHZZL[HUK\ZLVYZLSSP[" PPP [OL*VTWHU`OHZHIPSP[`[V\ZLVYZLSS[OLPU[HUNPISLHZZL[" P] [OLTHUULYPU^OPJO[OLWYVIHISLM\[\YLLJVUVTPJILULÃ&#x201E;[^PSSILNLULYH[LKPUJS\KPUN[OLL_PZ[LUJLVMHTHYRL[MVYV\[W\[ VM[OLPU[HUNPISLHZZL[VY[OLPU[HUNPISLHZZL[P[ZLSMVYPMP[PZ[VIL\ZLKPU[LYUHSS`[OL\ZLM\SULZZVM[OLPU[HUNPISLHZZL[" ] [OL H]HPSHIPSP[` VM HKLX\H[L [LJOUPJHS Ã&#x201E;UHUJPHS HUK V[OLY YLZV\YJLZ [V JVTWSL[L [OL KL]LSVWTLU[ HUK [V \ZL VY ZLSS [OL PU[HUNPISLHZZL["HUK ]P [OL*VTWHU`OHZHIPSP[`[VTLHZ\YL[OLL_WLUKP[\YLH[[YPI\[HISL[V[OLPU[HUNPISLHZZL[K\YPUN[OLKL]LSVWTLU[YLSPHIS` 

+L]LSVWTLU[JVZ[ZVU[OL0U[HUNPISLHZZL[ZM\SÃ&#x201E;SSPUN[OLJYP[LYPHHYLHTVY[PZLKV]LYHWLYPVKVM[OYLL[V[LU`LHYZIHZLKVUL_WLJ[LK M\[\YLILULÃ&#x201E;[ZV[OLY^PZLHYLL_WLUZLKPU[OLWLYPVKPU^OPJO[OL`HYLPUJ\YYLK

7.

Investments:



Long-term investments:



3VUN[LYTPU]LZ[TLU[ZHYLJHYYPLKH[JVZ[/V^L]LYWYV]PZPVUMVYKPTPU\[PVUPZTHKL[VYLJVNUPZLHKLJSPULPU[OLWLYTHULU[UH[\YLPU [OL]HS\LVMPU]LZ[TLU[Z



Current investments:



0U]LZ[TLU[Z[OH[HYLYLHKPS`YLHSPZHISLHUKHYLPU[LUKLK[VILOLSKMVYUV[TVYL[OHUVUL`LHYMYVT[OLKH[LVU^OPJOZ\JOPU]LZ[TLU[Z HYLTHKLHYLJSHZZPÃ&#x201E;LKHZJ\YYLU[PU]LZ[TLU[ZHUKHYLJHYYPLKH[JVZ[VYMHPY]HS\L^OPJOL]LYPZSV^LY;OLJVTWHYPZVUVMJVZ[HUK JHYY`PUNHTV\U[PZKVULZLWHYH[LS`MVYLHJOJH[LNVY`VMPU]LZ[TLU[ZIHZLKVU[OLTHYRL[]HS\LVM[OLPU]LZ[TLU[Z

FI NA N C I A L S

135


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

8.

Inventories: H 9H^TH[LYPHSZWHJRPUNTH[LYPHSZJVUZ[Y\J[PVUTH[LYPHSZ Z[VYLZHUKZWHYLZ

! ([SV^LYVMJVZ[VU^LPNO[LKH]LYHNLIHZPZHUKUL[YLHSPZHISL  ]HS\L

I >VYRPUWYVNYLZZ¶4HU\MHJ[\YPUN 

! ([ SV^LY VM JVZ[ VM TH[LYPHS WS\Z HWWYVWYPH[L WYVK\J[PVU  V]LYOLHKZHUKUL[YLHSPZHISL]HS\L

J -PUPZOLKNVVKZ¶4HU\MHJ[\YPUN  

! ([ SV^LY VM JVZ[ VM TH[LYPHSZ WS\Z HWWYVWYPH[L WYVK\J[PVU  V]LYOLHKZ PUJS\KPUN L_JPZL K\[` WHPK  WH`HISL VU Z\JO  NVVKZHUKUL[YLHSPZHISL]HS\L

K -PUPZOLKNVVKZ¶;YHKPUN 

! ([ SV^LY VM JVZ[ VU ^LPNO[LK H]LYHNL IHZPZ HUK UL[  YLHSPZHISL]HS\L



;OL JVZ[ VM PU]LU[VYPLZ OH]L ILLU JVTW\[LK [V PUJS\KL HSS JVZ[ VM W\YJOHZLZ JVZ[ VM JVU]LYZPVU HUK V[OLY YLSH[LK JVZ[Z PUJ\YYLK PU IYPUNPUN[OLPU]LU[VYPLZ[V[OLPYWYLZLU[SVJH[PVUHUKJVUKP[PVU:SV^HUKUVUTV]PUNTH[LYPHSVIZVSLZJLZKLMLJ[P]LPU]LU[VYPLZHYLK\S` WYV]PKLKMVYHUK]HS\LKH[UL[YLHSPZHISL]HS\L.VVKZ TH[LYPHSZPU[YHUZP[HYL]HS\LKH[HJ[\HSJVZ[PUJ\YYLK\W[V[OLKH[LVMIHSHUJL ZOLL[4H[LYPHSZHUKZ\WWSPLZOLSKMVY\ZLPU[OLWYVK\J[PVUVMPU]LU[VYPLZHYLUV[^YP[[LUKV^UPM[OLÃ&#x201E;UPZOLKWYVK\J[ZPU^OPJO[OL`^PSS IL\ZLKHYLL_WLJ[LK[VILZVSKH[VYHIV]LJVZ[

9.

Cash and cash equivalents: H *HZOJVTWYPZLZJHZOVUOHUKHUKKLTHUKKLWVZP[Z^P[OIHURZ I *HZOLX\P]HSLU[ZHYLZOVY[[LYTOPNOS`SPX\PKPU]LZ[TLU[Z[OH[HYLYLHKPS`JVU]LY[PISLPU[VRUV^UHTV\U[ZVMJHZOHUK^OPJOHYL Z\IQLJ[[VPUZPNUPÃ&#x201E;JHU[YPZRVMJOHUNLZPU]HS\L

10. Foreign currency transaction and foreign operation: H ;OLYLWVY[PUNJ\YYLUJ`PZ0UKPHU9\WLL I -VYLPNUJ\YYLUJ`[YHUZHJ[PVUZHYLYLJVYKLKVUPUP[PHSYLJVNUP[PVUPU[OLYLWVY[PUNJ\YYLUJ`\ZPUN[OLL_JOHUNLYH[LH[[OLKH[LVM[OL [YHUZHJ[PVU([LHJOIHSHUJLZOLL[KH[LMVYLPNUJ\YYLUJ`TVUL[HY`P[LTZHYLYLWVY[LK\ZPUN[OLJSVZPUNL_JOHUNLYH[L,_JOHUNL KPMMLYLUJLZ[OH[HYPZLVUZL[[SLTLU[VMTVUL[HY`P[LTZVYVUYLWVY[PUNH[LHJOIHSHUJLZOLL[KH[LVM[OL*VTWHU`»ZTVUL[HY`P[LTZ H[[OLJSVZPUNYH[LHYLYLJVNUPZLKHZPUJVTLVYL_WLUZLZPU[OLWLYPVKPU^OPJO[OL`HYPZL5VUTVUL[HY`P[LTZ^OPJOHYLJHYYPLKH[ OPZ[VYPJHSJVZ[KLUVTPUH[LKPUHMVYLPNUJ\YYLUJ`HYLYLWVY[LK\ZPUN[OLL_JOHUNLYH[LH[[OLKH[LVM[OL[YHUZHJ[PVU J -PUHUJPHSZ[H[LTLU[ZVMMVYLPNUVWLYH[PVUZ[OVZLHYL[YLH[LKHZPU[LNYHSVWLYH[PVUZHUK[YHUZSH[LKPU[OLZHTLTHUULYHZMVYLPNU J\YYLUJ`[YHUZHJ[PVUZHZKLZJYPILKHIV]L,_JOHUNLKPMMLYLUJLZHYPZPUNVUZ\JO[YHUZSH[PVUZHYLYLJVNUPaLKHZPUJVTLVYL_WLUZLZ VM[OLWLYPVKPU^OPJO[OL`HYPZL K-PUHUJPHSZ[H[LTLU[ZVMMVYLPNUZ\IZPKPHYPLZ[OVZLHYL[YLH[LKHZUVUPU[LNYHSVWLYH[PVUZ[OLPYÃ&#x201E;UHUJPHSZ[H[LTLU[ZHYL[YHUZSH[LKH[ [OLMVSSV^PUNL_JOHUNLYH[LZ!  :OHYLJHWP[HS

! ([[OLVYPNPUHSYH[L^OLU[OLJHWP[HS^HZPUM\ZLK

 -P_LKHZZL[Z

! ,_JOHUNLYH[LWYL]HPSPUNH[[OLLUKVM[OL`LHY

 *\YYLU[HZZL[ZHUKJ\YYLU[SPHIPSP[PLZ

! ,_JOHUNLYH[LWYL]HPSPUNH[[OLLUKVM[OL`LHY

 9L]LU\LZHUKL_WLUZLZ

! ([[OLH]LYHNLYH[LK\YPUN[OL`LHY

 6[OLYUVUJ\YYLU[HZZL[ZSPHIPSP[PLZ

! ,_JOHUNLYH[LWYL]HPSPUNH[[OLLUKVM[OL`LHY

;OLYLZ\S[HU[L_JOHUNLKPMMLYLUJLPZHJJV\U[LKHZMVYLPNUJ\YYLUJ`[YHUZSH[PVUYLZLY]L\U[PS[OLKPZWVZHSVM[OLUL[PU]LZ[TLU[ 11. Derivative contracts: H +LYP]H[P]L JVU[YHJ[Z LU[LYLK PU[V [V OLKNL MVYLPNU J\YYLUJ`  WYPJL YPZRZ VU \UL_LJ\[LK Ã&#x201E;YT JVTTP[TLU[Z HUK OPNOS` WYVIHISL MVYLJHZ[[YHUZHJ[PVUZHYLYLJVNUPZLKPU[OLÃ&#x201E;UHUJPHSZ[H[LTLU[ZH[MHPY]HS\LHZVU[OLIHSHUJLZOLL[KH[L;OLNHPUZVYSVZZLZHYPZPUN V\[VMMHPY]HS\H[PVUVMKLYP]H[P]LJVU[YHJ[ZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZVYIHSHUJLZOLL[HZ[OLJHZLTH`IL HM[LYHWWS`PUN[OL[LZ[VMOLKNLLMMLJ[P]LULZZ;OLNHPUZVYSVZZLZHYLYLJVNUPZLKHZOLKNLYLZLY]LPU[OLIHSHUJLZOLL[^OLU[OL OLKNLPZLMMLJ[P]LHUK^OLYL[OLOLKNLPZPULMMLJ[P]L[OLZHTLPZYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZ I ;OLWYLTP\TVYKPZJV\U[VUMVY^HYKJVU[YHJ[ZPZHTVY[PZLKHZL_WLUZLVYPUJVTLV]LY[OLWLYPVKVM[OLJVU[YHJ[ J .HPUZHUKSVZZLZVUYVSSV]LYVYJHUJLSSH[PVUVMKLYP]H[P]LJVU[YHJ[Z^OPJOX\HSPM`HZLMMLJ[P]LOLKNLHYLYLJVNUPZLKPU[OLZ[H[LTLU[ VMWYVÃ&#x201E;[HUKSVZZPU[OLZHTLWLYPVKPU^OPJO[OLOLKNLKP[LTPZHJJV\U[LK

136

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

12. Revenue Recognition: (a) Sale of goods: 

9L]LU\LMYVTZHSLVMNVVKZPZYLJVNUPZLK^OLUHSS[OLZPNUPÄJHU[YPZRZHUKYL^HYKZVMV^ULYZOPWHYL[YHUZMLYYLK[V[OLI\`LYHZWLY [OL[LYTZVMJVU[YHJ[ZHUKUVZPNUPÄJHU[\UJLY[HPU[`L_PZ[ZYLNHYKPUN[OLHTV\U[VM[OLJVUZPKLYH[PVU[OH[^PSSILKLYP]LKMYVTZHSLVM [OLNVVKZ0[HSZVPUJS\KLZL_JPZLK\[`HUKWYPJL]HYPH[PVUIHZLKVU[OLJVU[YHJ[\HSHNYLLTLU[ZHUKL_JS\KLZ]HS\LHKKLK[H_ZHSLZ [H_IYVRLYHNLHUKJVTTPZZPVU

G 8FQJTKXJW[NHJX 

:LY]PJLPUJVTLPZYLJVNUPZLKHZWLY[OL[LYTZVM[OLJVU[YHJ[Z^P[O[OLJ\Z[VTLYZVUWYVWVY[PVUH[LJVTWSL[PVUTL[OVK

(c) Revenue from contracts: 

9L]LU\LMYVTJVU[YHJ[ZPZYLJVNUPZLKI`HWWS`PUNWLYJLU[HNLVMJVTWSL[PVUTL[OVKHM[LYWYV]PKPUNMVYMVYLZLLHISLSVZZLZPMHU` 7LYJLU[HNLVMJVTWSL[PVUPZKL[LYTPULKHZHWYVWVY[PVUVM[OLJVZ[ZPUJ\YYLK\W[V[OLYLWVY[PUNKH[L[V[OL[V[HSLZ[PTH[LKJVZ[[V JVTWSL[L-VYLZLLHISLSVZZPMHU`VU[OLJVU[YHJ[ZPZYLJVNUPZLKHZHUL_WLUZLPU[OLWLYPVKPU^OPJOP[PZMVYLZLLUPYYLZWLJ[P]LVM [OLZ[HNLVMJVTWSL[PVUVM[OLJVU[YHJ[>OPSLKL[LYTPUPUN[OLHTV\U[VMMVYLZLLHISLSVZZHSSLSLTLU[ZVMJVZ[ZHUKYLSH[LKPUJPKLU[HS PUJVTLUV[PUJS\KLKPUJVU[YHJ[YL]LU\LPZ[HRLUPU[VJVUZPKLYH[PVU*VU[YHJ[PZYLÅLJ[LKH[JVZ[[PSSZ\JO[PTL[OLV\[JVTLVM[OL JVU[YHJ[JHUUV[ILHZJLY[HPULKYLSPHIS`HUKH[YLHSPZHISL]HS\L[OLYLHM[LY*SHPTZHYLHJJV\U[LKHZPUJVTLPU[OL`LHYVMHJJLW[HUJL I`J\Z[VTLY

I 7J[JSZJXKWTRUT\JWINXYWNGZYNTSGZXNSJXX 

9L]LU\L MYVT WV^LY KPZ[YPI\[PVU I\ZPULZZ PZ HJJV\U[LK VU [OL IHZPZ VM IPSSPUNZ [V [OL J\Z[VTLYZ HUK PUJS\KLZ \UIPSSLK YL]LU\LZ HJJY\LK\W[V[OLLUKVMHJJV\U[PUN`LHY*\Z[VTLYZHYLIPSSLKHZWLY[OL[HYPMMYH[LZPZZ\LKI`,SLJ[YPJP[`9LN\SH[VY`*VTTPZZPVU 0U[LYLZ[PZHJJV\U[LKVUHJJY\HSIHZPZVUV]LYK\LIPSSZ

(e) Interest income: 

0U[LYLZ[PUJVTLVUKLWVZP[ZZLJ\YP[PLZHUKSVHUZPZYLJVNUPZLKH[[OLHNYLLKYH[LVU[PTLWYVWVY[PVUH[LIHZPZ

(f)

Dividend income:



+P]PKLUKPUJVTLPZHJJV\U[LKMVY^OLU[OLYPNO[[VYLJLP]L[OLZHTLPZLZ[HISPZOLK

(g) Lease income: 

3LHZLHNYLLTLU[Z^OLYL[OLYPZRZHUKYL^HYKZPUJPKLU[HS[V[OLV^ULYZOPWVMHUHZZL[Z\IZ[HU[PHSS`]LZ[^P[O[OLSLZZVYHYLYLJVNUPZLK HZVWLYH[PUNSLHZLZ3LHZLYLU[HSZHYLYLJVNUPZLKVUZ[YHPNO[SPULIHZPZHZWLY[OL[LYTZVM[OLHNYLLTLU[ZPU[OLZ[H[LTLU[VMWYVÄ[ HUKSVZZ

 *RUQT^JJGJSJÁYX 

,TWSV`LL ILULÄ[Z PUJS\KPUN JVU[YPI\[PVUZ [V^HYKZ ZVJPHS ZLJ\YP[` HUK YL[PYLTLU[ ILULÄ[ ZJOLTLZ HYL HJJV\U[LK MVY IHZLK VU [OL YLN\SH[VY`MYHTL^VYRPU[OLYLZWLJ[P]LJV\U[YPLZHUKLTWSV`TLU[Y\SLZJVU[YHJ[ZHWWSPJHISL[V[OLZWLJPÄJJVTWHUPLZ

14. Depreciation: (a) Indian companies  4\SJIFXXJYX (a) Revalued assets 

+LWYLJPH[PVUVUYL]HS\LKI\PSKPUNVM7HYLU[*VTWHU`PZWYV]PKLKVUZ[YHPNO[SPULTL[OVKVU[OL]HS\LZHUKH[[OLYH[LZ ZWLJPÄLKPU:JOLK\SL?0=[V[OL*VTWHUPLZ(J[ ;OLKPMMLYLUJLIL[^LLUKLWYLJPH[PVUWYV]PKLKVUYL]HS\LKHTV\U[ HUKVUOPZ[VYPJHSJVZ[PZYLJV\WLKV\[VMYL]HS\H[PVUYLZLY]L

G &XXJYXHFWWNJIFYMNXYTWNHFQHTXY 

+LWYLJPH[PVUVU[OLÄ_LKHZZL[ZJHYYPLKH[OPZ[VYPJHSJVZ[PZWYV]PKLKH[[OLYH[LZHUKPU[OLTHUULYZWLJPÄLKPU:JOLK\SL ?0=[V[OL*VTWHUPLZ(J[ VU^YP[[LUKV^U]HS\LTL[OVKV[OLY[OHUVUI\PSKPUNZHUKWSHU[HUKLX\PWTLU[Z^OPJOHYL KLWYLJPH[LKVUZ[YHPNO[SPULTL[OVK

(2) Leased assets H 3LHZLOVSKSHUKZHYLHTVY[PZLKV]LY[OLWLYPVKVMSLHZL I )\PSKPUNZJVUZ[Y\J[LKVUSLHZLOVSKSHUKHYLKLWYLJPH[LKH[UVYTHSYH[LHZWYLZJYPILKPU:JOLK\SL?0=[V[OL*VTWHUPLZ(J[  ^OLYL[OLSLHZLWLYPVKVMSHUKPZIL`VUK[OLSPMLVM[OLI\PSKPUN J 0UV[OLYJHZLZI\PSKPUNZJVUZ[Y\J[LKVUSLHZLOVSKSHUKZHYLHTVY[PZLKV]LY[OLWYPTHY`SLHZLWLYPVKVM[OLSHUKZ G +TWJNLSHTRUFSNJX H +LWYLJPH[PVUVUÄ_LKHZZL[ZOHZILLUWYV]PKLKH[[OLYH[LZYLX\PYLKWLYTPZZPISLI`[OL.((7ZVM[OLYLZWLJ[P]LJV\U[YPLZ /V^L]LY[OLKLWYLJPH[PVUYH[LZHYLOPNOLY[OHU[OLYH[LZZWLJPÄLKPU[OL:JOLK\SL?0=[V[OL*VTWHUPLZ(J[  I =LOPJSLZHJX\PYLKVUÄUHUJLSLHZLZHYLKLWYLJPH[LKV]LY[OLWLYPVKVMSLHZLHNYLLTLU[VY[OL\ZLM\SSPML^OPJOL]LYPZZOVY[LY  'TWWT\NSLHTXYX H )VYYV^PUNJVZ[Z[OH[HYLH[[YPI\[HISL[V[OLHJX\PZP[PVUJVUZ[Y\J[PVUVYWYVK\J[PVUVMHX\HSPM`PUNHZZL[HYLJHWP[HSPZLKHZHWHY[VM[OL JVZ[VMZ\JOHZZL[[PSSZ\JO[PTL[OLHZZL[PZYLHK`MVYP[ZPU[LUKLK\ZLVYZHSL(X\HSPM`PUNHZZL[PZHUHZZL[[OH[ULJLZZHYPS`YLX\PYLZ HZ\IZ[HU[PHSWLYPVKVM[PTLNLULYHSS`V]LY[^LS]LTVU[OZ[VNL[YLHK`MVYP[ZPU[LUKLK\ZLVYZHSL I (SSV[OLYIVYYV^PUNJVZ[ZHYLYLJVNUPZLKHZL_WLUZLPU[OLWLYPVKPU^OPJO[OL`HYLPUJ\YYLK

FI NA N C I A L S

137


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

16. Segment accounting: (a) Segment accounting policies 

:LNTLU[ HJJV\U[PUN WVSPJPLZ HYL PU SPUL ^P[O [OL HJJV\U[PUN WVSPJPLZ VM [OL *VTWHU` ;OL JVTWHU` PKLU[PÃ&#x201E;LZ WYPTHY` I\ZPULZZ ZLNTLU[IHZLKVU[OLKPMMLYLU[YPZRZHUKYL[\YUZ[OLVYNHUPZH[PVUZ[Y\J[\YLHUK[OLPU[LYUHSYLWVY[PUNZ`Z[LTZ:LJVUKHY`ZLNTLU[Z HYLPKLU[PÃ&#x201E;LKVU[OLIHZPZVMNLVNYHWO`PU^OPJOZHSLZOH]LILLULMMLJ[LK0UHKKP[PVU[OLMVSSV^PUNZWLJPÃ&#x201E;JHJJV\U[PUNWVSPJPLZOH]L ILLUMVSSV^LKMVYZLNTLU[YLWVY[PUN!  :LNTLU[YL]LU\LPUJS\KLZZHSLZHUKV[OLYPUJVTLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[OHSSVJHISL[V[OLZLNTLU[PUJS\KPUNPU[LYZLNTLU[ YL]LU\L  ,_WLUZLZ[OH[HYLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[OHSSVJHISL[VZLNTLU[ZHYLJVUZPKLYLKMVYKL[LYTPUPUN[OLZLNTLU[YLZ\S[,_WLUZLZ ^OPJOYLSH[L[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VZLNTLU[ZHYLPUJS\KLK\UKLY\UHSSVJHISLL_WLUKP[\YL  0UJVTL^OPJOYLSH[LZ[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VZLNTLU[ZPZPUJS\KLKPU\UHSSVJHISLPUJVTL  :LNTLU[YLZ\S[PUJS\KLZTHYNPUZVUPU[LYZLNTLU[HUKZHSLZ^OPJOHYLYLK\JLKPUHYYP]PUNH[[OLWYVÃ&#x201E;[ILMVYL[H_VM[OL*VTWHU`  :LNTLU[HZZL[ZHUKSPHIPSP[PLZPUJS\KL[OVZLKPYLJ[S`PKLU[PÃ&#x201E;HISL^P[O[OLYLZWLJ[P]LZLNTLU[Z<UHSSVJHISLHZZL[ZHUKSPHIPSP[PLZ YLWYLZLU[[OLHZZL[ZHUKSPHIPSP[PLZ[OH[YLSH[L[V[OL*VTWHU`HZH^OVSLHUKUV[HSSVJHISL[VHU`ZLNTLU[

G .SYJWXJLRJSYYWFSXKJWUWNHNSL 

:LNTLU[YL]LU\LYLZ\S[PUNMYVT[YHUZHJ[PVUZ^P[OV[OLYI\ZPULZZZLNTLU[ZPZHJJV\U[LKVU[OLIHZPZVM[YHUZMLYWYPJLHNYLLKIL[^LLU [OLZLNTLU[Z:\JO[YHUZMLYWYPJLZHYLLP[OLYKL[LYTPULK[V`PLSKHKLZPYLKTHYNPUVYHNYLLKVUHULNV[PH[LKIHZPZ

17. Leases: H (ZZL[Z HJX\PYLK \UKLY SLHZLZ ^OLYL [OL .YV\W OHZ Z\IZ[HU[PHSS` HSS [OL YPZRZ HUK YL^HYKZ VM V^ULYZOPW HYL JSHZZPÃ&#x201E;LK HZ Ã&#x201E;UHUJL SLHZLZ:\JOHZZL[ZHYLJHWP[HSPZLKH[[OLPUJLW[PVUVM[OLSLHZLH[[OLSV^LYVM[OLMHPY]HS\LHUK[OLWYLZLU[]HS\LVMTPUPT\TSLHZL WH`TLU[ZHUK[OLSPHIPSP[`PZJYLH[LKMVYHULX\P]HSLU[HTV\U[,HJOSLHZLYLU[HSWHPKPZHSSVJH[LKIL[^LLU[OLSPHIPSP[`HUK[OLPU[LYLZ[ JVZ[ZVHZ[VVI[HPUHJVUZ[HU[WLYPVKPJYH[LVMPU[LYLZ[VU[OLV\[Z[HUKPUNSPHIPSP[`MVYLHJOWLYPVK I (ZZL[ZHJX\PYLKVUSLHZLZ^OLYLHZPNUPÃ&#x201E;JHU[WVY[PVUVM[OLYPZRZHUKYL^HYKZVMV^ULYZOPWHYLYL[HPULKI`SLZZVYHYLJSHZZPÃ&#x201E;LKHZ VWLYH[PUNSLHZLZ3LHZLYLU[HSZHYLJOHYNLK[V[OLZ[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZVUHJJY\HSIHZPZ 18. Earnings per share: 

)HZPJLHYUPUNZWLYZOHYLPZJHSJ\SH[LKI`KP]PKPUN[OLUL[WYVÃ&#x201E;[MVY[OLWLYPVKH[[YPI\[HISL[VLX\P[`ZOHYLOVSKLYZI`[OL^LPNO[LKH]LYHNL U\TILYVMLX\P[`ZOHYLZV\[Z[HUKPUNK\YPUN[OLWLYPVK

 9F]JXTSNSHTRJ H ;H_VUPUJVTLMVY[OLJ\YYLU[WLYPVKPZKL[LYTPULKVU[OLIHZPZVULZ[PTH[LK[H_HISLPUJVTLHUK[H_JYLKP[ZJVTW\[LKPUHJJVYKHUJL ^P[O[OLWYV]PZPVUZVM[OLYLSL]HU[[H_SH^ZHUKIHZLKVU[OLL_WLJ[LKV\[JVTLVMHZZLZZTLU[ZHWWLHSZ I +LMLYYLK[H_PZYLJVNUPZLKVU[PTPUNKPMMLYLUJLZIL[^LLU[OLHJJV\U[PUNPUJVTLHUK[OL[H_HISLPUJVTLMVY[OL`LHYHUKX\HU[PÃ&#x201E;LK \ZPUN[OL[H_YH[LZHUK[H_SH^ZLUHJ[LKVYZ\IZ[HU[P]LS`LUHJ[LKHZVU[OLIHSHUJLZOLL[KH[L J +LMLYYLK[H_HZZL[ZYLSH[PUN[V\UHIZVYILKKLWYLJPH[PVUI\ZPULZZSVZZLZHYLYLJVNUPZLKHUKJHYYPLKMVY^HYK[V[OLL_[LU[[OLYLPZ ]PY[\HSJLY[HPU[`[OH[Z\MÃ&#x201E;JPLU[M\[\YL[H_HISLPUJVTL^PSSILH]HPSHISLHNHPUZ[^OPJOZ\JOKLMLYYLK[H_HZZL[ZJHUILYLHSPZLK K 6[OLYKLMLYYLK[H_HZZL[ZHYLYLJVNUPZLKHUKJHYYPLKMVY^HYK[V[OLL_[LU[[OH[[OLYLPZHYLHZVUHISLJLY[HPU[`[OH[Z\MÃ&#x201E;JPLU[M\[\YL [H_HISLPUJVTL^PSSILH]HPSHISLHNHPUZ[^OPJOZ\JOKLMLYYLK[H_HZZL[ZJHUILYLHSPZLK L ;OLIYLHR\WVM[OLTHQVYJVTWVULU[ZVM[OLKLMLYYLK[H_HZZL[ZHUKSPHIPSP[PLZHZH[IHSHUJLZOLL[KH[LOHZILLUHYYP]LKH[HM[LY ZL[[PUNVMMKLMLYYLK[H_HZZL[ZHUKSPHIPSP[PLZ^OLYL[OLYLZWLJ[P]LJVTWHUPLZOH]LHSLNHSS`LUMVYJLHISLYPNO[[VZL[VMMHZZL[ZHNHPUZ[ SPHIPSP[PLZHUK^OLYLZ\JOHZZL[ZHUKSPHIPSP[PLZYLSH[L[V[H_LZVUPUJVTLSL]PLKI`[OLZHTLNV]LYUPUN[H_H[PVUSH^Z  5WT[NXNTSX(TSYNSLJSYQNFGNQNYNJX(TSYNSLJSYFXXJYXFSI(TRRNYRJSYX H 7YV]PZPVUZHYLYLJVNUPZLKMVYSPHIPSP[PLZ[OH[JHUILTLHZ\YLKVUS`I`\ZPUNHZ\IZ[HU[PHSKLNYLLVMLZ[PTH[PVUPM!  [OL*VTWHU`OHZHWYLZLU[VISPNH[PVUHZHYLZ\S[VMHWHZ[L]LU["  HWYVIHISLV\[Ã&#x2026;V^VMYLZV\YJLZPZL_WLJ[LK[VZL[[SL[OLVISPNH[PVU"HUK  [OLHTV\U[VM[OLVISPNH[PVUJHUILYLSPHIS`LZ[PTH[LK I 9LPTI\YZLTLU[I`HUV[OLYWHY[`L_WLJ[LKPUYLZWLJ[VML_WLUKP[\YLYLX\PYLK[VZL[[SLHWYV]PZPVUPZYLJVNUPZLK^OLUP[PZ]PY[\HSS` JLY[HPU[OH[YLPTI\YZLTLU[^PSSILYLJLP]LKPMVISPNH[PVUPZZL[[SLK J *VU[PUNLU[SPHIPSP[`PZKPZJSVZLKPU[OLJHZLVM!  HWYLZLU[VISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z^OLUP[PZUV[WYVIHISL[OH[HUV\[Ã&#x2026;V^VMYLZV\YZLZ^PSSILYLX\PYLK[VZL[[SL[OL VISPNH[PVU"  HWYLZLU[VISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z^OLUUVYLSPHISLLZ[PTH[LPZWVZZPISL"  HWVZZPISLVISPNH[PVUHYPZPUNMYVTWHZ[L]LU[Z\USLZZ[OLWYVIHIPSP[`VMV\[Ã&#x2026;V^VMYLZV\YJLZPZYLTV[L K *VU[PUNLU[HZZL[ZHYLULP[OLYYLJVNUPZLKUVYKPZJSVZLK L *VTTP[TLU[ZPUJS\KL[OLHTV\U[VMW\YJOHZLVYKLYUL[VMHK]HUJLZPZZ\LK[VWHY[PLZMVYJVTWSL[PVUVMHZZL[Z M

138

7YV]PZPVUZJVU[PUNLU[SPHIPSP[PLZJVU[PUNLU[HZZL[ZHUKJVTTP[TLU[ZHYLYL]PL^LKH[LHJOIHSHUJLZOLL[KH[L

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

1. SIGNIFICANT ACCOUNTING POLICIES (Contd.)

 ,T[JWSRJSYLWFSYXXZGXNI^ H *HWP[HSNYHU[ZPUJHZLVMKLWYLJPHISLHZZL[Z"[OLJVZ[VM[OLHZZL[PZZOV^UH[NYVZZ]HS\LHUKNYHU[[OLYLVUPZ[YLH[LKHZJHWP[HSNYHU[ ^OPJOPZYLJVNUPZLKHZPUJVTLPU[OLZ[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZV]LY[OLWLYPVKHUKPUWYVWVY[PVUPU^OPJOKLWYLJPH[PVUPZJOHYNLK I 9L]LU\LNYHU[ZHYLYLJVNUPZLKPU[OLZ[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZPU[OLZHTLWLYPVKHZ[OLYLSH[LKJVZ[^OPJO[OL`HYLPU[LUKLK[V JVTWLUZH[LHYLHJJV\U[LKMVY  *]YWFTWINSFW^FSIJ]HJUYNTSFQNYJRX 

0UJVTLVYL_WLUZLZ[OH[HYPZLMYVTL]LU[ZVY[YHUZHJ[PVUZ[OH[HYLJSLHYS`KPZ[PUJ[MYVTVYKPUHY`HJ[P]P[PLZVM[OLJVTWHU`HYLJSHZZPÃ&#x201E;LKHZ L_[YHVYKPUHY`P[LTZ:WLJPÃ&#x201E;JKPZJSVZ\YLZVMZ\JOL]LU[Z[YHUZHJ[PVUZHYLTHKLPU[OLÃ&#x201E;UHUJPHSZ[H[LTLU[Z:PTPSHYS`HU`L_[LYUHSL]LU[ IL`VUK[OLJVU[YVSVM[OLJVTWHU`ZPNUPÃ&#x201E;JHU[S`PTWHJ[PUNPUJVTLVYL_WLUZLZPZHSZV[YLH[LKHZL_[YHVYKPUHY`P[LTHUKKPZJSVZLKHZ Z\JO*LY[HPUVJJHZPVUZ[OLZPaL[`WLVYPUJPKLUJLVMHUP[LTVMPUJVTLVYL_WLUZLWLY[HPUPUN[V[OLVYKPUHY`HJ[P]P[PLZVM[OLJVTWHU` PZZ\JO[OH[P[ZKPZJSVZ\YLPTWYV]LZ[OL\UKLYZ[HUKPUNVM[OLWLYMVYTHUJLVM[OLJVTWHU`Z\JOPUJVTLVYL_WLUZLPZJSHZZPÃ&#x201E;LKHZHU L_JLW[PVUHSP[LTHUKHJJVYKPUNS`KPZJSVZLKPU[OLUV[LZHJJVTWHU`PUN[V[OLÃ&#x201E;UHUJPHSZ[H[LTLU[Z

FI NA N C I A L S

139


`JYVYL

NOTES

2.

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

361.00



125.35



125.35



0.00



125.35



SHARE CAPITAL Authorised: ,X\P[`:OHYLZVM`LHJO Issued b9LMLYUV[LHILSV^d! ,X\P[`:OHYLZVM`LHJO7YL]PV\Z`LHY,X\P[`:OHYLZVM`LHJO 8ZGXHWNGJIFSIUFNIZUb9LMLYUV[LHILSV^d! ,X\P[`:OHYLZVM`LHJO7YL]PV\Z`LHY ,X\P[`:OHYLZVM`LHJO Forfeited shares: (TV\U[WHPK\WVU,X\P[`:OHYLZVM`LHJO(TV\U[WHPK\W`

Notes: F 7JHTSHNQNFYNTSTKYMJSZRGJWTKYMJXMFWJXTZYXYFSINSLFYYMJGJLNSSNSLFSIFYYMJJSITKYMJ^JFW9LMLYUV[Linfra! 0ZZ\LKZOHYLJHWP[HS

)HSHUJLH[[OLILNPUUPUNVM[OL`LHY Less::OHYLZIV\NO[IHJR )HSHUJLH[[OLLUKVM[OL`LHY

:\IZJYPILKHUKWHPK\W

)HSHUJLH[[OLILNPUUPUNVM[OL`LHY Less::OHYLZIV\NO[IHJR )HSHUJLH[[OLLUKVM[OL`LHY

(ZH[

(ZH[

No. of Shares

` crore

5VVM:OHYLZ

`JYVYL

641533836

128.30





14745394

2.95





626788442

125.35





(ZH[

(ZH[

No. of Shares

` crore

5VVM:OHYLZ

`JYVYL

641491536

128.30

 



14745394

2.95





626746142

125.35

 



;OL*VTWHU`OHZUV[PZZ\LKHU`LX\P[`ZOHYLZK\YPUN[OLJ\YYLU[HUKPU[OLWYL]PV\Z`LHY G 9JWRXWNLMYXFYYFHMJIYTJVZNY^XMFWJX 

;OL*VTWHU`OHZVUS`JSHZZVMZOHYLJHWP[HSPLLX\P[`ZOHYLZOH]PUNMHJL]HS\LVM`WLYZOHYL,HJOOVSKLYVMLX\P[`ZOHYLPZLU[P[SLK[VVUL]V[LWLYZOHYL



+\YPUN[OL`LHY[OL*VTWHU`OHZKLJSHYLKHUKWHPKPU[LYPTKP]PKLUKVM`WLYZOHYL;OL)VHYKVM+PYLJ[VYZOH]LYLJVTTLUKLKHÃ&#x201E;UHSKP]PKLUKVM `WLYZOHYLZ\IQLJ[[VHWWYV]HSVMZOHYLOVSKLYZH[[OLLUZ\PUN(UU\HS.LULYHS4LL[PUN



0U[OLL]LU[VMSPX\KH[PVU[OLLX\P[`ZOHYLOVSKLYZHYLLSPNPISL[VYLJLP]L[OLYLTHPUPUNHZZL[ZVM[OL*VTWHU`HM[LYKPZ[YPI\[PVUVMHSSWYLMLYLU[PHSHTV\U[ZPU WYVWVY[PVU[V[OLPYZOHYLOVSKPUN

(c) Details of shareholders holding more than 5 % shares in the Company: (ZH[

(ZH[

% No. of Shares

14 0



(]HU[OH/VSKPUNZ3PTP[LK



/+-*;Y\Z[LL*VTWHU`3PTP[LK/+-*,X\P[`-\UK



/+-*;Y\Z[LL*VTWHU`3PTP[LK



3PML0UZ\YHUJL*VYWVYH[PVUVM0UKPH

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

5VVM:OHYLZ  

40.84

255937034

  

9.30

58269500





-

-



 

5.24

32842674






NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(d) There are no shares reserved for issue under options and contracts / commitments for the sale of shares / disinvestment. J &LLWJLFYJSZRGJWTKGTSZXXMFWJXNXXZJIIZWNSLYMJUJWNTITKĂ [J^JFWXNRRJINFYJQ^UWJHJINSLYMJWJUTWYNSLIFYJ

:OHYLZPZZ\LKHZM\SS`WHPK\WIVU\ZZOHYLZ

(ZH[ 

(ZH[ 

No. of Shares

5VVM:OHYLZ

274924944

  

(ZH[ 

(ZH[ 

No. of Shares

5VVM:OHYLZ

14745394



K &LLWJLFYJSZRGJWTKXMFWJXGTZLMYGFHPIZWNSLYMJUJWNTITKĂ [J^JFWXNRRJINFYJQ^UWJHJINSLYMJWJUTWYNSLIFYJ

:OHYLZIV\NO[IHJR L &LLWJLFYJSZRGJWTKXMFWJXNXXZJIFX,)7X (ZH[ % No. of Shares ;OL)HURVM5L^@VYR

0.22

1383534

(ZH[

5VVM:OHYLZ



 

FI NA N C I A L S

14 1


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 3.

(ZH[

RESERVES AND SURPLUS Capital reserve on consolidation (ZWLYSHZ[IHSHUJLZOLL[

158.10



19.12

 

Capital reserve (ZWLYSHZ[IHSHUJLZOLL[ Capital redemption reserve: (ZWLYSHZ[IHSHUJLZOLL[ (KK!6UHJJV\U[VM)\`IHJR

10.00



2.95

 12.95



Securities premium account: (ZWLYSHZ[IHSHUJLZOLL[ Less: <[PSPZLKMVY)\`IHJR

151.84



(133.54)

 18.30



Revaluation reserve: (ZWLYSHZ[IHSHUJLZOLL[ (KK!(KKP[PVUK\YPUN[OL`LHY Less:;YHUZMLYYLK[V:[H[LTLU[VMWYVĂ&#x201E;[HUKSVZZb9LMLYUV[LHILSV^d

30.93



-



(1.03)

 29.90

 

Statutory reserve: (ZWLYSHZ[IHSHUJLZOLL[b9LMLYUV[LIILSV^d (KKP[PVUKLK\J[PVUK\YPUN[OL`LHY

63.02



2.44

 65.46



Government grant: (ZWLYSHZ[IHSHUJLZOLL[ (KKP[PVUKLK\J[PVUK\YPUN[OL`LHY

0.10



-

 0.10



Foreign currency translation reserve: (ZWLYSHZ[IHSHUJLZOLL[ (KKP[PVUKLK\J[PVUK\YPUN[OL`LHY

139.29



60.34

 199.63

 

Hedge reserve: (ZWLYSHZ[IHSHUJLZOLL[ (KKP[PVUKLK\J[PVUK\YPUN[OL`LHYb9LMLYUV[LJILSV^d

(4.15)



1.13

 (3.02)



'FQFSHJNS8YFYJRJSYTKUWTĂ YFSIQTXX (ZWLYSHZ[IHSHUJLZOLL[ (KK!7YVĂ&#x201E;[SVZZMVY[OL`LHY Less:;YHUZMLYYLK[VZ[H[\[VY`YLZLY]Lb9LMLYUV[LIILSV^d

2864.97





244.33



(2.44)



3106.86

 

Z[0U[LYPTKP]PKLUK

25.19



UK0U[LYPTKP]PKLUK

25.07



7YVWVZLKKP]PKLUK

25.07



(KKP[PVUHS[H_VUKP]PKLUK

12.86



5WTĂ YF[FNQFGQJKTWINXYWNGZYNTS

3018.67

 

3519.21



Notes: H +LWYLJPH[PVUVUYL]HS\LKHTV\U[VMĂ&#x201E;_LKHZZL[ZYLJV\WLKMYVT9L]HS\H[PVUYLZLY]L`JYVYLb(SZVYLMLYUV[LHinfrad I :[H[\[VY`YLZLY]LYLWYLZLU[ZWYVĂ&#x201E;[ZZL[HZPKLHZWLY[OLSVJHSZ[H[\[VY`YLX\PYLTLU[VMV]LYZLHZZ\IZPKPHYPLZHUK[OLZHTLPZUV[H]HPSHISLMVYKPZ[YPI\[PVU J /LKNLYLZLY]LYLWYLZLU[ZUL[THYR[VTHYRL[SVZZVUMVY^HYKJVU[YHJ[ZVWLUHZH[[OLLUKVM[OLĂ&#x201E;UHUJPHS`LHYMVY^OPJO[OLOLKNLK[YHUZHJ[PVUOH]LUV[ VJJ\YYLK

14 2

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

4.

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

9.48



MINORITY INTEREST 6WLUPUNIHSHUJL

-



:OHYLVMWYVÄ[SVZZMVY[OL`LHY

(0.68)



+P]PKLUK[VTPUVYP[`ZOHYLOVSKLYZ

(0.08)



3.03



11.75



(ZH[ 

(ZH[ 

1554.16



20.76



53.27



0U[LYLZ[MYLLZHSLZ[H_KLMLYYHSSVHUZMYVT:[H[L.V]LYUTLU[b9LMLYUV[LKILSV^d

0.54



3LHZLÄUHUJLb9LMLYUV[LLILSV^d

3.52



1632.25



(KKP[PVU+LSL[PVUK\YPUN[OL`LHY

;YHUZSH[PVUHKQ\Z[TLU[ *SVZPUNIHSHUJL

5.

LONG-TERM BORROWINGS Secured loans Term loans -YVTIHURZb9LMLYUV[LHILSV^d -YVTÄUHUJPHS0UZ[P[\[PVUZb9LMLYUV[LIILSV^d Bonds b9LMLYUV[LJILSV^d Unsecured loans

F 9JWRQTFSXKWTRGFSPX P

;OLSVUN[LYTSVHUVM`JYVYL7YL]PV\Z`LHY`JYVYLPZZLJ\YLKI`^H`VMÄ_LKHUKÅVH[PUNJOHYNLVUHSSHZZL[ZVM*.7V^LY:`Z[LTZ0YLSHUK 3PTP[LK;OPZSVHUPZYLWH`HISLPULPNO[`LX\HSX\HY[LYS`PUZ[HSSTLU[ZMYVT[OLKYH^KV^UPU-LIY\HY`

PP ;OLSVUN[LYTSVHUVM`  JYVYL7YL]PV\Z`LHY`JYVYLPZZLJ\YLKI`^H`VMÄ_LKHUKÅVH[PUNJOHYNLVUHSSHZZL[ZVM*.7V^LY<:(0UJ SVJH[LKH[4PZZV\YPHUK5L^1LYZL`;OPZSVHUPZYLWH`HISLPU[LULX\HSOHSM`LHYS`PUZ[HSSTLU[ZMYVTKYH^KV^UPU1\UL PPP ;OLSVUN[LYTSVHUVM`JYVYL7YL]PV\Z`LHY` JYVYLPZZLJ\YLKI`^H`VMÄ_LKHUKÅVH[PUNJOHYNLVUHSSHZZL[ZVM*.,SLJ[YPJ:`Z[LTZ /\UNHY`AY[9LWH`TLU[VM[OLSVHU^PSSJVTTLUJLMYVT+LJLTILYHUK^PSSILYLWH`HISLPUMV\YLX\HSHUU\HSPUZ[HSSTLU[Z P] ;OLSVUN[LYTSVHUVM`JYVYL7YL]PV\Z`LHY`JYVYLPZZLJ\YLKI`^H`VMÄ_LKHUKÅVH[PUNJOHYNLVUHSSHZZL[ZVM*.,SLJ[YPJ:`Z[LTZ /\UNHY`AY[HUKPZHSZVN\HYHU[LLKI`[OL7HYLU[*VTWHU`;OPZSVHU^PSSILWH`HISLI`HZPUNSLPUZ[HSSTLU[PU:LW[LTILY ] ;OLSVUN[LYTSVHUVM`JYVYL7YL]PV\Z`LHY`JYVYLPZZLJ\YLKI`ÄYZ[YHURPUNWSLHNLV]LY VM[OLZOHYLZVM*YVTW[VU.YLH]LZ /VSKPUNZ :^LKLU () OLSK I` *. 0UK\Z[YPHS /VSKPUNZ () HUK TVY[NHNL VM Ä_LK HZZL[Z VM *. +YP]LZ HUK (\[VTH[PVU .YV\W :^LKLU ;OPZ SVHU PZ YLWH`HISLPUÄ]LLX\HSHUU\HSPUZ[HSSTLU[ZMYVT+LJLTILY ]P ;OL.YV\WOHZH]HPSLK]HYPV\ZM\UKIHZLKMHJPSP[PLZMYVT[OLJVUZVY[P\T[VTLL[P[Z^VYRPUNJHWP[HSYLX\PYLTLU[Z;OLZLMHJPSP[PLZHYLZLJ\YLKI`^H`VM TVY[NHNLVUI\PSKPUNWSHU[HUKTHJOPULY`HUKO`WV[OLJH[PVUJOHYNLVUPU]LU[VYPLZHUK[YHKLYLJLP]HISLZVM*.7V^LY:`Z[LTZ)LSNP\T5=HUK*. /VSKPUNZ)LSNP\T5=;OLZLMHJPSP[PLZHSZVPUJS\KLSVUN[LYTSVHUVM` JYVYL7YL]PV\Z`LHY`JYVYL;OPZSVUN[LYTSVHUPZYLWH`HISLPUMV\Y LX\HS`LHYS`PUZ[HSSTLU[ZMYVTKYH^KV^UPU4H` ]PP ;OLSVUN[LYTSVHUVM` JYVYL7YL]PV\Z`LHY` JYVYLPZZLJ\YLKI`WSLKNLV]LY ZOHYLZVMA0=.YV\WTVY[NHNLVMÄ_LKHZZL[Z SVJH[LKH[:WHPUHUKN\HYHU[LLKI`[OL7HYLU[*VTWHU`;OPZSVHUPZYLWH`HISLPU\ULX\HSHUU\HSHUKOHSM`LHYS`PUZ[HSSTLU[ZMYVT1HU\HY` ]PPP;OLSVUN[LYTSVHUVM`JYVYL7YL]PV\Z`LHY` JYVYLPZZLJ\YLKI`ÄYZ[WYPVYP[`VUHSSHJJV\U[ZYLJLP]HISLZVM[OL*.7V^LY:`Z[LTZ<:(0UJ SVJH[LKH[4PZZV\YPHUKHSPLUZLUPVYPUWYPVYP[`[VHSSSPLUZV[OLY[OHUSPLUZNYHU[LKPUMH]V\YVMSLHZLKLX\PWTLU[Z G 9JWRQTFSXKWTRYMJÁSFSHNFQNSXYNYZYNTSHTSXNXYXYMJKTQQT\NSL 

:VM[SVHUZVM`JYVYL7YL]PV\Z`LHY`JYVYLMYVT.V]LYUTLU[4PUPZ[Y`VM:WHPU^OPJOHYLYLWH`HISLPUWLYPVKPJHSPUZ[HSSTLU[ZMYVT[OL`LHY [V

H 'TWWT\NSLXG^\F^'TSIX P

)<03+4PZZV\YP9L]LU\L)VUKZ:LYPLZ^P[OPU[LYLZ[WH`HISLZLTPHUU\HSH[HÄ_LKYH[LHUKWYPUJPWHSWH`TLU[ZYHUNPUNMYVT`JYVYL[V`  JYVYL[OYV\NOTH[\YP[`VUZ[+LJLTILY

PP 0UK\Z[YPHS+L]LSVWTLU[9L]LU\L)VUKZ:LYPLZ^P[OPU[LYLZ[WH`HISLTVU[OS`H[[OL^LLRS`HKQ\Z[LK30)69YH[LHUKHUU\HSWYPUJPWHSWH`TLU[ YHUNPUNMYVT`JYVYL[V`JYVYL[OYV\NOTH[\YP[`PU+LJLTILY PPP 0UK\Z[YPHS+L]LSVWTLU[9L]LU\L)VUKZ:LYPLZ ^P[OPU[LYLZ[WH`HISLTVU[OS`H[[OL^LLRS`HKQ\Z[LK30)69YH[LHUKHUU\HSWYPUJPWHSWH`TLU[Z YHUNPUNMYVT`JYVYL[V`JYVYL[OYV\NOTH[\YP[`PU+LJLTILY  P] 0UK\Z[YPHS+L]LSVWTLU[9L]LU\L)VUKZ:LYPLZ ^P[OPU[LYLZ[WH`HISLTVU[OS`H[[OL^LLRS`HKQ\Z[LK30)69YH[LHUKHUU\HSWYPUJPWHSWH`TLU[ YHUNPUNMYVT`JYVYL[V`JYVYL[OYV\NOTH[\YP[`PU1\UL I 9MJ(TRUFS^MFXTUYJIKTWYMJIJKJWWFQXHMJRJTKXFQJXYF]\MNHMNXUF^FGQJFXUJWYMJXHMJRJKWFRJIG^8YFYJ,T[JWSRJSY

FI NA N C I A L S

14 3


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(e) Finance lease: 

-PUHUJLSLHZLVISPNH[PVUZHYLYLWH`HISLPULX\H[LKTVU[OS`PUZ[HSSTLU[Z



;OLHZZL[ZHJX\PYLKVUÃ&#x201E;UHUJLSLHZLTHPUS`JVTWYPZLWSHU[ZHUKLX\PWTLU[Z;OLSLHZLOHZHWYPTHY`WLYPVK^OPJOPZÃ&#x201E;_LKHUKUVUJHUJLSSHISL;OL.YV\W OHZHUVW[PVU[VYLUL^[OLSLHZLMVYHZLJVUKHY`WLYPVK



;OLTPUPT\TSLHZLYLU[HSZHZH[Z[4HYJOHUK[OLWYLZLU[]HS\LHZH[Z[4HYJOVMTPUPT\TSLHZLWH`TLU[ZPUYLZWLJ[VMHZZL[ZHJX\PYLK \UKLYÃ&#x201E;UHUJLSLHZLZHYLHZMVSSV^Z! 7YLZLU[]HS\LVMTPUPT\T SLHZLWH`TLU[Z

4PUPT\TSLHZLWH`TLU[Z 





+\L^P[OPUVUL`LHY

2.51



2.03

 

+\LVUL[VÃ&#x201E;]L`LHYZ

4.54



3.52



Total

7.05

 

5.55



Less:-\[\YLÃ&#x201E;UHUJLJOHYNLZ

1.50



7YLZLU[]HS\LVMTPUPT\TSLHZLWH`HISL

5.55



(ZH[ 6.

(ZH[

DEFERRED TAX Deferred YF] assets

Deferred YF] QNFGNQNYNJX

,_WLUZLZHSSV^HISLMVY[H_W\YWVZLZ^OLUWHPKVUWH`TLU[VM[H_;+: <UHIZVYILKJHYYPLKMVY^HYK[H_SVZZLZKLWYLJPH[PVU 6[OLYP[LTZNP]PUNYPZL[V[PTPUNKPMMLYLUJLZ 5L[KLMLYYLK[H_SPHIPSP[LZHZZL[ +LMLYYLK[H_HZZL[ZVUHJX\PZP[PVUVMZ\IZPKPHYPLZ ,MMLJ[VM[YHUZSH[PVUNHPUSVZZ

+LMLYYLK [H_ HZZL[Z

167.68

+PMMLYLUJLIL[^LLUIVVRHUK[H_KLWYLJPH[PVU 62.57

+LMLYYLK [H_ SPHIPSP[PLZ 

 

210.40

 

68.03

20.15

 



341.00

187.83

 



153.17



-



27.61

 42.53

5L[HZZL[SPHIPSP[`JYLKP[LKJOHYNLK[V:[H[LTLU[VMWYVÃ&#x201E;[HUKSVZZ 27.61 5L[PUJYLTLU[HSHZZL[ZSPHIPSP[PLZ



42.53



14.92



(ZH[ 7.





(ZH[

OTHER LONG-TERM LIABILITIES 4YMJWUF^FGQJX +LWVZP[Z

28.12



6[OLYZ

58.36

 86.48

+\L[VLYZ[^OPSLZOHYLOVSKLYZVMHJX\PYLKZ\IZPKPHYPLZ

 

-



86.48



(ZH[  8.

LONG-TERM PROVISIONS ,TWSV`LLZILULÃ&#x201E;[Z9LMLYUV[LILSV^



14 4

(ZH[ 

;OL.YV\WOHZYLJVNUPZLKSPHIPSP[PLZ[V^HYKZ,TWSV`LLILULÃ&#x201E;[ZHZWLY[OLHWWSPJHISL.((7PU[OLJV\U[Y`VMKVTPJPSL

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

73.11



73.11




`JYVYL

NOTES

9.

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

338.91



57.34



SHORT-TERM BORROWINGS Secured loans Term loans -YVTIHURZ9LMLYUV[LILSV^ Working capital demand loan -YVTIHURZ9LMLYUV[LILSV^ Unsecured loans -YVTIHURZ

164.52



560.77

 

Note : 

;OL.YV\WOHZH]HPSLK]HYPV\ZZOVY[[LYTIVYYV^PUNZHUK^VYRPUNJHWP[HSKLTHUKSVHU;OLZLSVHUZHYLZLJ\YLKI`O`WV[OLJH[PVUVMPU]LU[VYPLZIVVRKLI[Z HUK[YHKLYLJLP]HISLZIV[OWYLZLU[HUKM\[\YL (ZH[ 

(ZH[ 

(JJLW[HUJLZ

346.66



+\L[VV[OLYZ

2389.66



10. TRADE PAYABLES

Due to related parties: (ZZVJPH[LZ

(ZH[

37.41



2773.73



(ZH[

11. OTHER CURRENT LIABILITIES Current maturities: 1TSLYJWRGTWWT\NSLX -YVTIHURZb9LMLYUV[LHXZUWFd -YVTÃ&#x201E;UHUJPHSPUZ[P[\[PVUZb9LMLYUV[LIHUKUV[L XZUWFd

195.98



4.61

 200.59



0U[LYLZ[MYLLKLMLYYHSSVHUZMYVT:[H[L.V]LYUTLU[b9LMLYUV[LKXZUWFd

0.35



3LHZLÃ&#x201E;UHUJLb9LMLYUV[LLXZUWFd

2.03

 

0U[LYLZ[HJJY\LKI\[UV[K\LVUIVYYV^PUNZ

7.23



945.64



(K]HUJLZMYVTJ\Z[VTLYZ Investor Education and Protection Fund: <UJSHPTLKKP]PKLUK <UJSHPTLKTH[\YLKÃ&#x201E;_LKKLWVZP[Z

1.94

 

-

+\L[VKPYLJ[VYZ +\L[VJ\Z[VTLYZJVUZ[Y\J[PVUHUKWYVQLJ[YLSH[LKHJ[P]P[`

 1.94

 

12.85



125.82



4YMJWUF^FGQJX +\L[VLYZ[^OPSLZOHYLOVSKLYZ :LJ\YP[`KLWVZP[Z

44.74



2.01



:[H[\[VY`K\LZ

70.97

 

,TWSV`LLK\LZ

154.24



6[OLYZ

143.63

 415.59



1712.04



FI NA N C I A L S

14 5


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

12. SHORT-TERM PROVISIONS -

 

25.07



(KKP[PVUHS[H_VUKP]PKLUK

4.26



,TWSV`LLILULÃ&#x201E;[Z

4.77

;H_LZUL[VMHK]HUJL[H_ 7YVWVZLKKP]PKLUK

6[OLYZWYV]PZPVUZ9LMLYUV[LILSV^



299.23



333.33



)NXHQTXZWJXFXWJVZNWJIG^&HHTZSYNSL8YFSIFWI &85WT[NXNTSX(TSYNSLJSY1NFGNQNYNJXFSI(TSYNSLJSY&XXJYX (1) Movement in provisions: >HYYHU[PLZ 5H[\YLVMWYV]PZPVUZ *HYY`PUNHTV\U[H[[OLILNPUUPUNVM[OL`LHY (KKP[PVUVUHJX\PZP[PVUVMZ\IZPKPHYPLZK\YPUN[OL`LHY (KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHY

,_JPZLK\[`*\Z[VTZK\[` :LY]PJL[H_

:HSLZ[H_=(;













81.17



19.10



8.76



-



-



-

54.97

 

3.94



2.89

(TV\U[Z\ZLKK\YPUN[OL`LHY

21.94



-



-

<U\ZLKHTV\U[ZYL]LYZLKK\YPUN[OL`LHY

23.01



0.45

 

0.33

;YHUZSH[PVUHKQ\Z[TLU[ *HYY`PUNHTV\U[H[[OLLUKVM[OL`LHY

 

4.34



-



-



95.53



22.59

 

11.32



3PX\PKH[LKKHTHNLZ 5H[\YLVMWYV]PZPVUZ

 

6[OLYSP[PNH[PVUJSHPTZ

,U]PYVUTLU[HSVISPNH[PVUZ













76.32



48.98



16.99



-



-



-



(KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHY

19.13



13.33



-



(TV\U[Z\ZLKK\YPUN[OL`LHY



*HYY`PUNHTV\U[H[[OLILNPUUPUNVM[OL`LHY (KKP[PVUVUHJX\PZP[PVUVMZ\IZPKPHYPLZK\YPUN[OL`LHY

34.25



-



0.72

<U\ZLKHTV\U[ZYL]LYZLKK\YPUN[OL`LHY

7.33

 

-



-



;YHUZSH[PVUHKQ\Z[TLU[

9.33



8.08



3.11



63.20



70.39

 

19.38









14.39



265.71

 

-



-



21.67



115.93



*HYY`PUNHTV\U[H[[OLLUKVM[OL`LHY

6ULYV\ZJVU[YHJ[Z 5H[\YLVMWYV]PZPVUZ *HYY`PUNHTV\U[H[[OLILNPUUPUNVM[OL`LHY (KKP[PVUVUHJX\PZP[PVUVMZ\IZPKPHYPLZK\YPUN[OL`LHY (KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHY

(TV\U[Z\ZLKK\YPUN[OL`LHY <U\ZLKHTV\U[ZYL]LYZLKK\YPUN[OL`LHY

;YHUZSH[PVUHKQ\Z[TLU[ *HYY`PUNHTV\U[H[[OLLUKVM[OL`LHY

0.69 19.53 0.98 16.82



;V[HS

   

57.60

 

50.65



25.84



299.23



(KKP[PVUHSWYV]PZPVUTHKLK\YPUN[OL`LHYHUKYL]LYZHSVM\U\ZLKHTV\U[HYLPUJS\KLKPU[OLYLZWLJ[P]LOLHKVMHJJV\U[Z (2) Nature of provisions: H 7YVK\J[^HYYHU[PLZ!;OL*VTWHU`NP]LZ^HYYHU[PLZVUJLY[HPUWYVK\J[ZHUKZLY]PJLZPU[OLUH[\YLVMYLWHPYZYLWSHJLTLU[^OPJOMHPS[VWLYMVYTZH[PZMHJ[VYPS` K\YPUN[OL^HYYHU[`WLYPVK7YV]PZPVUTHKLYLWYLZLU[Z[OLHTV\U[VM[OLL_WLJ[LKJVZ[VMTLL[PUNZ\JOVISPNH[PVUVUHJJV\U[VMYLJ[PÃ&#x201E;JH[PVUYLWSHJLTLU[ ;OL[PTPUNVMV\[Ã&#x2026;V^ZPZL_WLJ[LK[VIL^P[OPUHWLYPVKVM[^V`LHYZ I 7YV]PZPVUMVYZHSLZ[H_=(;YLWYLZLU[ZSPHIPSP[`VUHJJV\U[VMUVUJVSSLJ[PVUVMKLJSHYH[PVUMVYTZHUKV[OLYSLNHSTH[[LYZ^OPJOHYLPUHWWLHS\UKLY[OL(J[ 9\SLZ J 7YV]PZPVUMVYL_JPZLK\[`J\Z[VTZK\[`ZLY]PJL[H_YLWYLZLU[Z[OLKPMMLYLU[PHSK\[`SPHIPSP[`[OH[PZL_WLJ[LK[VTH[LYPHSPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS K 7YV]PZPVUMVYSPX\PKH[LKKHTHNLZOHZILLUTHKLVUJVU[YHJ[ZMVY^OPJOKLSP]LY`KH[LZHYLL_JLLKLKHUKJVTW\[LKPUYLHZVUHISLHUKWY\KLU[THUULY L 7YV]PZPVUMVYSP[PNH[PVUYLSH[LKVISPNH[PVUZYLWYLZLU[ZSPHIPSP[PLZ[OH[HYLL_WLJ[LK[VTH[LYPHSPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS M 7YV]PZPVUMVYLU]PYVUTLU[HSVISPNH[PVUZYLWYLZLU[ZSPHIPSP[PLZ[V^HYKZ[OLJVZ[ZL_WLJ[LK[VILPUJ\YYLK[V[YLH[JVU[HTPUH[LKZVPSLMÃ&#x2026;\LU[ZH[P[ZTHU\MHJ[\YPUN SVJH[PVUZ^OLYL]LYYLX\PYLKI`SVJHSSH^ N 7YV]PZPVUMVYVULYV\ZJVU[YHJ[ZOH]LILLUTHKLVUJVU[YHJ[Z^OLUP[PZWYVIHISL[OH[[OLLZ[PTH[LKJVZ[^PSSL_JLLK[OL[V[HSJVU[YHJ[YL]LU\L

14 6

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


FI NA N C I A L S

14 7



 

-\YUP[\YLHUKÃ&#x201E;_[\YLZ

6MÃ&#x201E;JLLX\PWTLU[Z





-

-











-





















294.39

74.36











220.03







 





 





 

46.03

-











46.03









  









 

416.24

140.93







 



275.31



















    

127.90 129.13 45.90

     

43.52 316.05 353.90



4764.44



 (JX\PZP[PVUVM*VTWHJ[-SVYVZJLU[3HTWZI\ZPULZZVM2HYTH0UK\Z[YPLZPU[LNYH[LK^LMZ[1\UL

 

2229.19

341.67

  

66.16

1020.20



240.57

1887.52



 

2121.73

 

 

1167.20

4.86



17.55

20.92



3744.24

+LWYLJPH[PVU(TVY[PZH[PVU

5L[ISVJR

`JYVYL



-

-











-





















263.17

98.66











164.51





















41.11

-











41.11





 







 





 

231.23

69.08

 

 



 



162.15



















  

2682.48

509.41

86.99

190.95

23.28

30.23

177.96

2173.07

16.59

1.31

31.78

100.10

91.50

1380.88

547.64

3.27

-

510.79

266.91

125.10

20.24

35.93

62.61

1571.17

4.33

3.55

14.12

29.03

36.40

740.85

619.56

14.28

109.05

463.24





 



 

1392.62









 







  

<W[V 6UHJX\PZP[PVU ;YHUZSH[PVU <W[V (ZH[ (ZH[  VMZ\IZPKPHYPLZ -VY[OL`LHY +LK\J[PVUZ HKQ\Z[TLU[Z   

109.05

H *.7V^LY:`Z[LTZ*HUHKH0UJOHZYL]HS\LKP[ZSHUKHUKI\PSKPUNZ^OPSLJVU]LYNPUN^P[O0-9:MYVT[OLSVJHS.((7

Notes:



7YL]PV\Z`LHY

14.79

804.91

4085.05

8ZGYTYFQ NN

Total (i+ii)











)YHUKUHTLZHUKJ\Z[VTLYSPZ[Z



*VTTLYJPHSYPNO[Z









9LZLHYJOHUKKL]LSVWTLU[



;LJOUPJHSRUV^OV^

14.79

3280.14

 











 





(KKP[PVUZ

;YHUZSH[PVU (ZH[ +LK\J[PVUZ HKQ\Z[TLU[Z 

.YVZZISVJR*VZ[=HS\H[PVU

(JX\PZP[PVU 9L]HS\H[PVU

 

*VTW\[LYZVM[^HYL

NN.SYFSLNGQJ&XXJYX

8ZGYTYFQ N

7SHU[HUKLX\PWTLU[Z

)\PSKPUNZ

Leased assets:



 

7SHU[HUKLX\PWTLU[Z

=LOPJSLZ

 



3LHZLOVSKSHUK

)\PSKPUNZ

  

-YLLOVSKSHUK

N9FSLNGQJFXXJYX

(ZH[ 

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

13. FIXED ASSETS

NOTES


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

0.44



3.37



266.07



8.01



0.06



14. NON-CURRENT INVESTMENTS Quoted investments 0U]LZ[TLU[PU.V]LYUTLU[VY[Y\Z[ZLJ\YP[PLZ Unquoted investments 0U]LZ[TLU[PU.V]LYUTLU[VY[Y\Z[ZLJ\YP[PLZ Investment in equity instruments (ZZVJPH[LJVTWHUPLZ 6[OLYZ .S[JXYRJSYXNSIJGJSYZWJXTWGTSIX 6[OLYZ Others

0.05



278.00

 

Notes: Quoted investments )VVR]HS\L

0.44



4HYRL[]HS\L

0.44



277.56

 

(ZH[ 

(ZH[ 

*HWP[HSHK]HUJLZ

37.06



+LWVZP[Z

12.83



49.89



(ZH[ 

(ZH[ 

0.77



Unquoted investments )VVR]HS\L 9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LZ[TLU[ZXZUWF

15. LONG-TERM LOANS AND ADVANCES :SXJHZWJIHTSXNIJWJILTTIZSQJXXTYMJW\NXJXYFYJI

16. CURRENT INVESTMENTS Quoted investments 0U]LZ[TLU[ZPULX\P[`PUZ[Y\TLU[Z 0U]LZ[TLU[PUT\[\HSM\UKZ

19.86





Unquoted investments 0.26



20.89



)VVR]HS\L

20.63



4HYRL[]HS\L

20.72



)VVR]HS\L

0.26



4HYRL[]HS\L

0.26



0U]LZ[TLU[PU.V]LYUTLU[VY[Y\Z[ZLJ\YP[PLZ

Notes: Quoted invetsments

Unquoted invetsments

9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LZ[TLU[ZXZUWF

14 8

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[

(ZH[

17. INVENTORIES 9H^TH[LYPHSZ (KK!.VVKZPU[YHUZP[

523.60

>VYRPUWYVNYLZZTHU\MHJ[\YPUN -PUPZOLKNVVKZTHU\MHJ[\YPUN (KK!,_JPZLK\[`VUÃ&#x201E;UPZOLKNVVKZ



64.25

 587.85

 

873.15



135.56 5.23

 140.79



63.07



:[VYLZZWHYLZHUKWHJRPUNTH[LYPHSZ

5.75

 

3VVZL[VVSZ

0.78



1671.39



:[VJRPU[YHKL







5V[L!9LMLYHJJV\U[PUNWVSPJ`UV[LVU]HS\H[PVUVMPU]LU[VYPLZXZUWF

(ZH[

(ZH[

18. TRADE RECEIVABLES Unsecured )JGYXT[JWIZJKTWXN]RTSYMX *VUZPKLYLKNVVK

319.73



*VUZPKLYLKKV\I[M\S

119.80



439.53



119.80



Less:(SSV^HUJLMVYKV\I[M\SKLI[Z

319.73



4YMJWIJGYX *VUZPKLYLKNVVK

3271.52

 

3591.25



FI NA N C I A L S

14 9


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[

(ZH[

19. CASH AND BANK BALANCES Cash and cash equivalents: 'FQFSHJX\NYMGFSPX 6UJ\YYLU[HJJV\U[Z 6UKLWVZP[HJJV\U[Zb^P[OSLZZ[OHUTVU[OZTH[\YP[`9LMLYUV[LHILSV^d

*HZOVUOHUK

683.44

 

84.74



768.18



0.56

 768.74



4YMJWGFQFSHJX *FWRFWPJIGFQFSHJX\NYMGFSPX <UWHPKKP]PKLUKb9LMLYUV[LIILSV^d

1.94

<UWHPKTH[\YLKÃ&#x201E;_LKKLWVZP[ZHUKPU[LYLZ[[OLYLVUb9LMLYUV[LIILSV^d

0.01



40.19



42.14



6[OLYZ

 

Others 6UKLWVZP[HJJV\U[Zb>P[OTVYL[OHUTVU[OZTH[\YP[`9LMLYUV[LHILSV^d

4.07

 46.21



814.95



Notes: H +LWVZP[ZPUJS\KL`JYVYL7YL]PV\Z`LHY`JYVYL\UKLYSPLU^P[OIHURZHUK`JYVYL7YL]PV\Z`LHY`JYVYLIHSHUJLZOLSKHZTHYNPUTVUPLZ I ;OLYLHYLUVHTV\U[ZK\LHUKV\[Z[HUKPUN[VILJYLKP[LK[V[OL0U]LZ[VY,K\JH[PVUHUK7YV[LJ[PVU-\UKHZH[Z[4HYJO

(ZH[

(ZH[

20. SHORT-TERM LOANS AND ADVANCES Security deposits: *VUZPKLYLKNVVK *VUZPKLYLKKV\I[M\S Less:(SSV^HUJLMVYIHKHUKKV\I[M\SHK]HUJLZ

48.59



1.20



49.79



1.20

 48.59



Loans and advances to related parties: (ZZVJPH[L 6[OLYYLSH[LKWHY[`

-



11.20

 11.20



&I[FSHJXWJHT[JWFGQJNSHFXMTWNSPNSITWKTW[FQZJYTGJWJHJN[JI *VUZPKLYLKNVVK *VUZPKLYLKKV\I[M\S

309.50



4.19



313.69 Less:(SSV^HUJLMVYIHKHUKKV\I[M\SHK]HUJLZ

 

4.19

 309.50

)HSHUJLZ^P[OL_JPZLJ\Z[VTZZLY]PJL[H_HUK]HS\LHKKLK[H_L[J



126.28



495.57

 (ZH[ 

(ZH[ 

21. OTHER CURRENT ASSETS 0U[LYLZ[HJJY\LKVUPU]LZ[TLU[ZHUKKLWVZP[Z +\LMYVTJ\Z[VTLYZJVUZ[Y\J[PVUHUKWYVQLJ[YLSH[LKHJ[P]P[` 6[OLYYLJLP]HISLZ

150

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

0.20



226.52



67.05

 

293.77




`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)





22. REVENUE FROM OPERATIONS :HSLVMWYVK\J[Z :HSLVMZLY]PJLZ

13735.56 171.31

Less:,_JPZLK\[`

  13906.87 426.29

  

13480.58

 





39.96 0.05 10.86 22.50

   

19.04 19.26 99.84

   

211.51



23. OTHER INCOME 0U[LYLZ[PUJVTL +P]PKLUKPUJVTL .HPUVUZHSLVMPU]LZ[TLU[ZUL[ ,_JOHUNLNHPUUL[ 4YMJWSTSTUJWFYNSLNSHTRJ SJYTKJ]UJSXJX 0UJVTLMYVTSLHZLVMWYLTPZLZI\ZPULZZZLY]PJLJLU[LYZ .V]LYUTLU[NYHU[ 4PZJLSSHULV\ZPUJVTL





24. COST OF RAW MATERIALS AND COMPONENTS CONSUMED AND CONSTRUCTION MATERIALS 6WLUPUNZ[VJR (KK!7\YJOHZLZ Less:*SVZPUNZ[VJR Less::JYHWZHSLZ

604.93 6888.14 587.85 6905.22 109.87

(KK!:\IJVU[YHJ[PUNJOHYNLZ

        6795.35 397.77

   

7193.12







1993.21



1993.21



25. PURCHASES OF STOCK-IN-TRADE 7\YJOHZLZVMZ[VJRPU[YHKL





26. CHANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN-PROGRESS AND STOCK-IN-TRADE (MFSLJXNSNS[JSYTWNJXTKÁSNXMJILTTIXFSI\TWPNSUWTLWJXX Closing stock -PUPZOLKNVVKZ >VYRPUWYVNYLZZ Opening stock -PUPZOLKNVVKZ >VYRPUWYVNYLZZ

140.79 873.15 1013.94

   

148.83 799.26 948.09

    (65.85)

Changes in inventories of stock-in-trade: Closing stock :[VJRPU[YHKL Opening stock :[VJRPU[YHKL

63.07





77.85

 14.78

 

(51.07)



FI NA N C I A L S

151


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)





1559.53



245.39

 

27. EMPLOYEE BENEFITS EXPENSE :HSHYPLZ^HNLZHUKIVU\Z *VU[YPI\[PVU[VWYV]PKLU[HUKV[OLYM\UKZ 7VZ[YL[PYLTLU[TLKPJHSILULÃ&#x201E;[Z :[HMM^LSMHYLL_WLUZLZ

9.66



137.48



1952.06







136.62



28. FINANCE COSTS 0U[LYLZ[VUSVHUZ 3VZZVUMVYLPNUJ\YYLUJ`[YHUZHJ[PVUZHUK[YHUZSH[PVUUL[

136.62

 





263.17



29. DEPRECIATION AND AMORTISATION EXPENSE +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

1.03



262.14

 





*VUZ\TW[PVUVMZ[VYLZHUKZWHYLZ

102.81



7V^LYHUKM\LS

104.12

 

9LU[

92.19



9LWHPYZ[VI\PSKPUNZ

25.49

 

9LWHPYZ[VTHJOPULY`

54.36



0UZ\YHUJL

47.51



Less:9LJV\WTLU[MYVTYL]HS\H[PVUYLZLY]Lb9LMLYUV[LHXZUWFd

30. OTHER EXPENSES

65.31



375.23



7HJRPUNTH[LYPHSZ

87.08



(M[LYZHSLZZLY]PJLZPUJS\KPUN^HYYHU[PLZ

82.59



9H[LZHUK[H_LZ -YLPNO[HUKMVY^HYKPUN

152

:HSLZWYVTV[PVU

130.37



3LNHSHUKWYVMLZZPVUHSJOHYNLZ

104.37



4PZJLSSHULV\ZL_WLUZLZ

439.86



1711.29



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

(ZH[ 

(ZH[ 

31. CONTINGENT LIABILITIES AND COMMITMENTS &

(TSYNSLJSY1NFGNQNYNJX [V[OLL_[LU[UV[WYV]PKLKMVY

9.18



18.08



J ,_JPZLK\[`J\Z[VTZK\[`ZLY]PJL[H_SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS

4.56



K 0UJVTL[H_SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS

5.21

H *SHPTZHNHPUZ[[OL*VTWHU`UV[HJRUV^SLKNLKHZKLI[Z I :HSLZ[H_=(;SPHIPSP[`[OH[TH`HYPZLPUYLZWLJ[VMTH[[LYZPUHWWLHS

L )PSSZKPZJV\U[LK B

 

98.65



Commitments: ,Z[PTH[LKHTV\U[VMJVU[YHJ[ZYLTHPUPUN[VILL_LJ\[LKVUJHWP[HSHJJV\U[HUKUV[WYV]PKLKMVYUL[VMHK]HUJLZ



 

91.52

0[PZUV[WYHJ[PJHISL[VLZ[PTH[L[OL[PTPUNVMJHZOV\[Ã&#x2026;V^ZPMHU`PUYLZWLJ[VMTH[[LYZH[H[VKHIV]LWLUKPUNYLZVS\[PVUVM[OLHYIP[YH[PVUHWWLSSH[LWYVJLLKPUNZ

FI NA N C I A L S

153


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

32. (a) In terms of Accounting Standard (AS) 21 Consolidated Financial Statements and Accounting Standard (AS) 23 Accounting for Investments in &XXTHNFYJXNS(TSXTQNIFYJI+NSFSHNFQ8YFYJRJSYXXUJHNÁJIG^YMJ(TRUFSNJX &HHTZSYNSL8YFSIFWIX7ZQJX FXFRJSIJIYMJHTSXTQNIFYJI ÁSFSHNFQXYFYJRJSYXUWJXJSYYMJHTSXTQNIFYJIÁSFSHNFQXYFYJRJSYXTK(WTRUYTS,WJF[JX1NRNYJI YMJ5FWJSY(TRUFS^\NYMNYXXZGXNINFWNJXFSI associates as under: 7YVWVY[PVUVM6^ULYZOPW 0U[LYLZ[ LP[OLYKPYLJ[S`VY [OYV\NOZ\IZPKPHY` :Y 5V

*V\U[Y`VM 0UJVYWVYH[PVU

(ZH[ 

(ZH[ 



 8ZGXNINFWNJX 

*.,ULYN`4HUHNLTLU[3PTP[LK

0UKPH

100.00



*.770(KOLZP]L7YVK\J[Z3PTP[LK

0UKPH

81.42





*.A0=7V^LY(\[VTH[PVU:VS\[PVUZ3PTP[LK

0UKPH

100.00





*.7V^LY:VS\[PVUZ3PTP[LK



*.0U[LYUH[PVUHS)=



0UKPH

100.00



;OL5L[OLYSHUKZ

100.00



*./VSKPUNZ)LSNP\T5=

)LSNP\T

100.00





*.7V^LY:`Z[LTZ)LSNP\T5=

)LSNP\T

100.00





*.7V^LY:`Z[LTZ0YLSHUK3PTP[LK

0YLSHUK

100.00



*.:HSLZ5L[^VYRZ-YHUJL:(

-YHUJL

99.40

<:(

-





*.7V^LY:`Z[LTZ<:(0UJTLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`



*.:HSLZ5L[^VYRZ(TLYPJHZ0UJTLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`



*.7V^LY:`Z[LTZ*HUHKH0UJ



*.:LY]PJL:`Z[LTZ*\YHJHV5=SPX\PKH[LK^LM[O:LW[LTILY



7;*.7V^LY:`Z[LTZ0UKVULZPH







<:(

-



*HUHKH

100.00



5L[OLYSHUKZ(U[PSSLZ

-



0UKVULZPH

95.00

 

*./VSKPUNZ/\UNHY`2M[

/\UNHY`

100.00





*.,SLJ[YPJ:`Z[LTZ/\UNHY`AY[

/\UNHY`

100.00





*.7V^LY/VSKPUNZ0YLSHUK3PTP[LK

0YLSHUK

100.00





4PJYVZVS3PTP[LK

0YLSHUK

100.00





*.(\[VTH[PVU:`Z[LTZ<23PTP[LK

<UP[LK2PUNKVT

100.00





=PZLYNL3PTP[LKSPX\PKH[LK^LM[O-LIY\HY`

0YLSHUK

-





*.:LY]PJL:`Z[LTZ-YHUJL:(:

-YHUJL

100.00





*.7V^LY<:(0UJMVYTLYS`*.7V^LY:VS\[PVUZ<:(0UJ

<:(

100.00





*./VSKPUNZ.LYTHU`.TI/SPX\PKH[LK^LM5V]LTILY

.LYTHU`

-





*.7V^LY:VS\[PVUZ<23PTP[LK

<UP[LK2PUNKVT

100.00





*./VSKPUNZ<:(0UJTLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`

<:(

-





*.7V^LY*V\U[`33*

<:(

100.00





*.7V^LY:`Z[LTZ)YHaPS3;+(

)YHaPS

100.00





*.7V^LY:VS\[PVUZ:H\KP(YHIPH3[K

:H\KP(YHIPH

51.00





*.:HSLZ5L[^VYRZ:PUNHWVYL7;,3PTP[LKSPX\PKH[LK^LM [O6J[VILY

:PUNHWVYL

-





*YVTW[VU.YLH]LZ/VSKPUNZ4H\YP[P\Z3PTP[LK



*.0U[LYUH[PVUHS/VSKPUNZ:PUNHWVYL7;,3PTP[LK

 

4H\YP[P\Z

100.00



:PUNHWVYL

100.00



*.0UK\Z[YPHS/VSKPUNZ:^LKLU()

:^LKLU

100.00



*YVTW[VU.YLH]LZ/VSKPUNZ:^LKLU()

:^LKLU

-



TLYNLK^P[O*.+YP]LZ (\[VTH[PVU:^LKLU()^LM[O-LIY\HY`

154



*.+YP]LZHUK(\[VTH[PVU:^LKLU()

:^LKLU

100.00





*.+YP]LZHUK(\[VTH[PVU5L[OLYSHUKZ)=

;OL5L[OLYSHUKZ

100.00





*.+YP]LZHUK(\[VTH[PVUZ.LYTHU`.TI/

.LYTHU`

100.00





,TV[YVU3H[PU(TLYPJH0UJ

<:(

100.00





*.(\[VTH[PVU:VS\[PVUZ<:(0UJTLYNLK^P[O*.7V^LY<:(0UJ^LMZ[1\S`

<:(

-





A0=(WSPJHJPVULZ`;LJUVSVNPH:3

:WHPU

100.00





A0=4L[LYPUN:VS\[PVUZ:3

:WHPU

100.00





A0=.YPK(\[VTH[PVU:3

:WHPU

100.00





A0=*VTT\UPJH[PVUZ:(

:WHPU

100.00





A0=<:(0UJ

<:(

100.00





A0=+V)YHZPS3;+(

)YHaPS

100.00





A0=0+:THY[,ULYN`5L[^VYRZ

:WHPU

100.00





*.4PKKSL,HZ[-A,PUJVYWVYH[LKVU(WYPS

<(,

100.00





*YVTW[VU.YLH]LZ:HSLZ5L[^VYR4HSH`ZPH:+5)/+PUJVYWVYH[LKVU[O:LW[LTILY

4HSH`ZPH

100.00



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

32. (a) In terms of Accounting Standard (AS) 21 Consolidated Financial Statements and Accounting Standard (AS) 23 Accounting for Investments in &XXTHNFYJXNS(TSXTQNIFYJI+NSFSHNFQ8YFYJRJSYXXUJHNÁJIG^YMJ(TRUFSNJX &HHTZSYNSL8YFSIFWIX7ZQJX FXFRJSIJIYMJHTSXTQNIFYJI ÁSFSHNFQXYFYJRJSYXUWJXJSYYMJHTSXTQNIFYJIÁSFSHNFQXYFYJRJSYXTK(WTRUYTS,WJF[JX1NRNYJI YMJ5FWJSY(TRUFS^\NYMNYXXZGXNINFWNJXFSI associates as under: 7YVWVY[PVUVM6^ULYZOPW 0U[LYLZ[ LP[OLYKPYLJ[S`VY [OYV\NOZ\IZPKPHY` :Y 5V

*V\U[Y`VM 0UJVYWVYH[PVU

(ZH[ 

(ZH[ 

Associates: 

*.3\J`:^P[JONLHYZ3PTP[LK

0UKPH

50.00





(]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK

0UKPH

23.14





7H\^LSZ4PKKSL,HZ[;YHKPUN *VU[YHJ[PUN7][*V33*

 



:H\KP7V^LY;YHUZMVYTLYZ*VTWHU`



22,S-P*V3[K

:OHYQHO

49.00

:H\KP(YHIPH

49.00

 

1HWHU

40.00



I ;OL VM]V[PUNYPNO[Z[OH[7HYLU[*VTWHU`OVSKZPUHSSP[ZZ\IZPKPHYPLZPZLX\HS[V[OL VMJVYYLZWVUKPUNZOHYLOVSKPUNL_JLW[PUJHZLVM:LYPHS5V7;*. 7V^LY:`Z[LTZ0UKVULZPH;OL7HYLU[*VTHWU`OVSKZ  VMZOHYLOVSKPUNVM7;*.7V^LY:`Z[LTZ0UKVULZPH[OYV\NOP[ZZ\IZPKPHY`*.7V^LY:`Z[LTZ )LSNP\T5=HUKIHSHUJL PZOLSKI`V[OLYWHY[ULY/V^L]LY[OLWHYLU[*VTWHU`[OYV\NOP[ZZ\IZPKPHY`*.7V^LY:`Z[LTZ)LSNP\T5=OHZ ]V[PUN YPNO[ZZPUJL ZOHYLZOLSKI`V[OLYWHY[ULYOHZUV]V[PUNYPNO[Z J 0U[OLJHZLVM*.7V^LY:VS\[PVUZ:H\KP(YHIPH3[KHUK:H\KP7V^LY;YHUZMVYTLY*VTWHU`[OLÄUHUJPHSZ[H[LTLU[ZHZH[Z[+LJLTILYOH]LILLU JVUZPKLYLK;OLYL^LYLUVTH[LYPHSHKQ\Z[TLU[ZYLX\PYLKMVYHU`ZPNUPÄJHU[L]LU[ZVY[YHUZHJ[PVUZMVY[OL[OYLLTVU[OZ\W[VZ[4HYJO K -VY[OLW\YWVZLZVMJVUZVSPKH[PVU[OLÄUHUJPHSZ[H[LTLU[ZVM[OLMVYLPNUZ\IZPKPHYPLZHUKHZZVJPH[LZHZH[Z[4HYJOOH]LILLUYLZ[H[LK[VJVTWS` ^P[O[OL.LULYHSS`(JJLW[LK(JJV\U[PUN7YPUJPWSLZPU0UKPH

FI NA N C I A L S

155


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)





6.15



33. EXPENSES CAPITALISED DURING THE YEAR H 9H^TH[LYPHSZJVUZ\TLK I ,TWVS`LLILULÃ&#x201E;[Z

23.89

J 6[OLYL_WLUZLZ

13.68



43.72







H *VU[YHJ[YL]LU\LYLJVNUPZLKMVY[OLÃ&#x201E;UHUJPHS`LHY

1097.92



I (NNYLNH[LHTV\U[VMJVU[YHJ[JVZ[ZPUJ\YYLKHUKYLJVNUPZLKWYVÃ&#x201E;[Z

4056.62



J (TV\U[VMJ\Z[VTLYHK]HUJLZV\[Z[HUKPUNMVYJVU[YHJ[ZPUWYVNYLZZHZH[[OLYLWVY[PUNKH[L

229.32

 

K 9L[LU[PVUHTV\U[K\LMYVTJ\Z[VTLYMVYJVU[YHJ[PUWYVNYLZZHZH[[OLYLWVY[PUNKH[L

131.44





34. DISCLOSURES UNDER ACCOUNTING STANDARD (AS) 7 CONSTRUCTION CONTRACTS

SLZZYLJVNUPZLKSVZZLZMVYHSSJVU[YHJ[ZPUWYVNYLZZ\W[V[OLYLWVY[PUNKH[L

156

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

35. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS H +LÄULKJVU[YPI\[PVUWSHUZ  (TV\U[VM`JYVYL7YL]PV\Z`LHY`JYVYLPZYLJVNUPZLKHZHUL_WLUZLHUKPUJS\KLKPU,TWSV`LLILULÄ[ZL_WLUZLHZ\UKLY[OLMVSSV^PUN KLÄULKJVU[YPI\[PVUWSHUZ!9LMLYUV[LXZUWF





'JSJKNYX (TSYWNGZYNTSYT 12.27



:\WLYHUU\H[PVUM\UK

4.48



,TWSV`LLZ[H[LPUZ\YHUJLZJOLTL

0.60



7YV]PKLU[M\UK

0.02



:VJPHSZLJ\YP[`

218.07

  

Total

235.44



3HIV\Y^LSMHYLZJOLTL

I +LÄULK)LULÄ[7SHUZHZWLY(J[\HYPHS=HS\H[PVUHYLHZ\UKLY! 3LH]L,UJHZOTLU[  

7VZ[9L[PYLTLU[4LKPJHS )LULMP[Z  

.YH[\P[` 



-\UKLK

-\UKLK

5VUM\UKLK

5VUM\UKLK

5VUM\UKLK

5VUM\UKLK

52.63



24.84



16.47



.

(MFSLJNSUWJXJSY[FQZJTKIJÁSJIGJSJÁYTGQNLFYNTS during the year



7YLZLU[]HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLILNPUUPUN VM[OL`LHY



0U[LYLZ[JVZ[

4.21

 

1.99



1.36

 



*\YYLU[ZLY]PJLJVZ[

3.31



1.88



0.66





7HZ[ZLY]PJLJVZ[

-



-



-





3PHIPSP[`[YHUZMLYMYVTV[OLY*VTWHU`

0.04



0.03



-





)LULÄ[ZWHPK

(6.03)



(3.87)



(5.62)

 

1.91



1.41



7.64



56.07



26.28



20.51



52.61



-



-



4.58



-



-



4.18



3.87



5.62

 



(J[\HYPHSNHPUZSVZZLZ



7YLZLU[]HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLLUKVM[OL`LHY

II

Change in fair value of plan assets during the year



-HPY]HS\LVMWSHUHZZL[ZH[[OLILNPUUPUNVM[OL`LHY



,_WLJ[LKYL[\YUVMWSHUHZZL[Z



*VU[YPI\[PVUZ



;YHUZMLYMYVTV[OLYJVTWHU`



)LULÄ[ZWHPK



(J[\HYPHSNHPUSVZZ



-HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY



;V[HSHJ[\HYPHSNHPUSVZZ[VILYLJVNUPZLK

(1.27)

III

Actual return on plan assets



,_WLJ[LKYL[\YUVUWSHUHZZL[Z



(J[\HYPHSNHPUSVZZ



(J[\HSYL[\YUVUWSHUHZZL[Z

-



-



-



(6.03)



(3.87)



(5.62)

 

0.64



-



-



55.98



-



-





(1.41)



(7.64)



4.58



-



-



0.64



-



-



5.22

 

-



-

 

.; 3JYFXXJY QNFGNQNY^WJHTLSNXJINSYMJGFQFSHJXMJJY 

3PHIPSP[`H[[OLLUKVM[OL`LHY

(56.07)



(26.28)



(20.51)



-HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY

55.98



-



-





(TV\U[YLJVNUPZLKPU[OLIHSHUJLZOLL[

(0.09)



(26.28)



(20.51)



5L[SPHIPSP[`HZZL[*\YYLU[ 5L[SPHIPSP[`HZZL[5VUJ\YYLU[

-



(3.50)



(1.27)

 

(0.09)



(22.78)



(19.24)



FI NA N C I A L S

157


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

35. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS (Contd.) G )JKNSJI'JSJKNY5QFSXFXUJW&HYZFWNFQ;FQZFYNTSFWJFXZSIJW (TSYI 3LH]L,UJHZOTLU[  

7VZ[9L[PYLTLU[4LKPJHS )LULMP[Z  

.YH[\P[` 



-\UKLK

-\UKLK

5VUM\UKLK

5VUM\UKLK

5VUM\UKLK

5VUM\UKLK

V

*]UJSXJXWJHTLSNXJINSYMJXYFYJRJSYTKUWTĂ YFSIQTXX for the year



*\YYLU[ZLY]PJLJVZ[

3.31



1.88



0.66





0U[LYLZ[JVZ[

4.21

 

1.99



1.36

 



,_WLJ[LKYL[\YUVUWSHUHZZL[Z

(4.58)



-



-





(J[\HYPHSNHPUZSVZZLZ

1.27



1.41



7.64





7HZ[ZLY]PJLJVZ[



;V[HSL_WLUZLZHZWLYHJ[\HYPHS]HS\H[PVU



6W[PVUHSWH`TLU[



;V[HSL_WLUZLZPUJS\KLKPULTWSV`LLILULĂ&#x201E;[ZL_WLUZL

VI

The major categories of plan assets as a percentage of total Insurer managed funds

-



-



-



4.21



5.28

 

9.66



-



-



-



4.21



5.28

 

9.66



100%



-



-



-



-



0.15



-



-



(0.13)

 

-



-



1.93



-



-



(1.58)



(6.17)



(1.40)

 

(9.76)



0.64



-



-



VII Effect of one percent point change in the assumed RJINHFQNSĂ&#x201A;FYNTSWFYJ  0UJYLHZLKLJYLHZLVUHNNYLNH[LZLY]PJLHUKPU[LYLZ[ JVZ[VM7VZ[9L[PYLTLU[4LKPJHS)LULĂ&#x201E;[Z P

6ULWLYJLU[HNLWVPU[PUJYLHZLPUKPZJV\U[YH[L

PP 6ULWLYJLU[HNLWVPU[KLJYLHZLPUKPZJV\U[YH[L  0UJYLHZLKLJYLHZLVUWYLZLU[]HS\LVMKLĂ&#x201E;ULK ILULĂ&#x201E;[ZVISPNH[PVUHZH[Z[4HYJO P

6ULWLYJLU[HNLWVPU[PUJYLHZLPU4LKPJHS0UĂ&#x2026;H[PVUYH[L

PP 6ULWLYJLU[HNLWVPU[KLJYLHZLPU4LKPJHS0UĂ&#x2026;H[PVUYH[L VIII *]UJWNJSHJFIOZXYRJSY 6UWSHUSPHIPSP[PLZNHPUSVZZ 6UWSHUHZZL[ZNHPUSVZZ

158

IX

Actuarial assumptions



+PZJV\U[YH[L



9H[LVMYL[\YUVUWSHUHZZL[Z



:HSHY`LZJHSH[PVU



4VY[HSP[`WYLYL[PYLTLU[YH[L



4VY[HSP[`WVZ[YL[PYLTLU[YH[L



4LKPJHSWYLTP\TPUĂ&#x2026;H[PVUYH[L

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

8.00% to 9.41%  [V  9.32% to 9.41%  [V  WH WH p.a. p.a.  WH  8.70% p.a.  WH

-



30* 30* Indian Indian    Assured Lives    Assured Lives Mortality <S[PTH[L;HISL Mortality <S[PTH[L;HISL (2006-08) (2006-08) Ultimate Ultimate   -

-



5.00% to 6.00% p.a.

-

 WH

9.41% p.a.  [V  WH  -



6.00% p.a.

-



30* Indian    Assured Lives Mortality <S[PTH[L;HISL (2006-08) Ultimate 4.00 % p.a.

 WH


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

35. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS (Contd.) G )JKNSJI'JSJKNY5QFSXFXUJW&HYZFWNFQ;FQZFYNTSFWJFXZSIJW (TSYI 7LUZPVU

I        

(MFSLJNSUWJXJSY[FQZJTKIJÁSJIGJSJÁYTGQNLFYNTSIZWNSLYMJ^JFW 7YLZLU[]HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLILNPUUPUNVM[OL`LHY 0U[LYLZ[JVZ[ *\YYLU[ZLY]PJLJVZ[ 7HZ[ZLY]PJLJVZ[ )LULÄ[ZWHPK (J[\HYPHSNHPUZSVZZLZ *\Y[HPSTLU[SVZZ :L[[SLTLU[WH`TLU[ ,TWSV`LLJVU[YPI\[PVUZ  ;YHUZSH[PVUKPMMLYLUJL  7YLZLU[]HS\LVMKLÄULKILULÄ[VISPNH[PVUH[[OLLUKVM[OL`LHY II Change in fair value of assets during the year  -HPY]HS\LVMWSHUHZZL[ZH[[OLILNPUUPUNVM[OL`LHY  ,_WLJ[LKYL[\YUVMWSHUHZZL[Z  *VU[YPI\[PVUZ  )LULÄ[ZWHPK  (J[\HYPHSNHPUSVZZ  ;YHUZSH[PVUKPMMLYLUJL  -HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY  ;V[HSHJ[\HYPHSNHPUSVZZ[VILYLJVNUPZLK III Actual return on plan assets  ,_WLJ[LKYL[\YUVUWSHUHZZL[Z  (J[\HYPHSNHPUSVZZ  (J[\HSYL[\YUVUWSHUHZZL[Z IV 3JYFXXJY QNFGNQNY^WJHTLSNXJINSYMJGFQFSHJXMJJY





-\UKLK

-\UKLK

178.44 8.85 6.74 0.66 (11.62) 13.81 (0.58) 0.96 9.27 206.53

            

171.27 7.30 9.44 (11.62) 16.88 8.83 202.10 3.07

         

7.30 16.88 24.18

   



3PHIPSP[`H[[OLLUKVM[OL`LHY

206.53





-HPY]HS\LVMWSHUHZZL[ZH[[OLLUKVM[OL`LHY

202.10





5L[SPHIPSP[`H[[OLLUKVM[OL`LHY



9LSH[LKKLMLYYLK[H_HZZL[SPHIPSP[`



(TV\U[YLJVNUPZLKPU[OLIHSHUJLZOLL[

V

*]UJSXJXWJHTLSNXJINSYMJXYFYJRJSYTKUWTÁYFSIQTXXKTWYMJ^JFW

4.43



(0.22)



4.21

  



*\YYLU[ZLY]PJLJVZ[

6.74



0U[LYLZ[JVZ[

8.85





,_WLJ[LKYL[\YUVUWSHUHZZL[Z

(7.30)

 



(J[\HYPHSNHPUZSVZZLZ

(3.07)





7HZ[ZLY]PJLJVZ[

0.66





*\Y[HPSTLU[SVZZ

(0.58)





,MMLJ[VMJOHUNLZPUMVYLPNUL_JOHUNL

0.44

 



;V[HSL_WLUZLZHZWLYHJ[\HYPHS]HS\H[PVU

5.74



;V[HSL_WLUZLZPUJS\KLKPULTWSV`LLILULÄ[Z

5.74



,X\P[`PUZ[Y\TLU[Z

47%



+LI[PUZ[Y\TLU[Z

45%



0UZ\YLYTHUHNLKM\UKZ

7%



*HZO

1%



(13.35)

  

15.60

 

VI

The major categories of plan assets as a percentage of total:

VII *]UJWNJSHJFIOZXYRJSY 6UWSHUSPHIPSP[PLZNHPUSVZZ 6UWSHUHZZL[ZNHPUSVZZ VIII Actuarial assumptions 

+PZJV\U[YH[L



9H[LVMYL[\YUVUWSHUHZZL[Z



:HSHY`LZJHSH[PVU

3.95% - 8.60%     WH p.a. 2.90% - 6.65%    WH p.a. 3.00 % - 7.50%    WH p.a.

FI NA N C I A L S

159


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

36. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 17 SEGMENT REPORTING I

Primary Segments (Business Segments)

7HY[PJ\SHYZ

7V^LY :`Z[LTZ

*VUZ\TLY 7YVK\J[Z

0UK\Z[YPHS :`Z[LTZ

6[OLYZ

,SPTPUH[PVUZ <UHSSVJHISL ,_WLUKP[\YL (ZZL[Z

8472.75

2845.71

1767.93

394.19

-

;V[HS 

13480.58

Revenue ,_[LYUHSZHSLZUL[VML_JPZLK\[` 0U[LYZLNTLU[ZHSLZ Total :LNTLU[YLZ\S[Z

4.82

1.34

48.49

-

(54.65)

-

8477.57

2847.05

1816.42

394.19

(54.65)

13480.58

234.08

337.46

128.24

2.31

-

702.09

Less:-PUHUJLJVZ[Z

96.66

Less:6[OLY\UHSSVJHISLL_WLUKP[\YLUL[VM \UHSSVJHISLPUJVTL

110.71

7YVÃ&#x201E;[ILMVYL[H_

494.72

;H_L_WLUZL

236.05

7YVÃ&#x201E;[HM[LY[H_

258.67

Capital Employed: :LNTLU[HZZL[Z

7483.17

628.01

1322.10

242.82

998.75

10674.85

:LNTLU[SPHIPSP[PLZ

3584.66

506.85

371.14

31.10

281.97

4775.72

Net Assets

3898.51

121.16

950.96

211.72

716.78

5899.13

*HWP[HSL_WLUKP[\YL

185.94

28.65

47.54

15.36

18.78

296.27

+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

194.09

10.30

41.99

1.48

14.28

262.14

(0.37)

4.71

10.20

0.20

-

14.74

,SPTPUH[PVUZ <UHSSVJHISL ,_WLUKP[\YL (ZZL[Z

;V[HS 

 

5VUJHZOL_WLUZLZV[OLY[OHUKLWYLJPH[PVU

7V^LY :`Z[LTZ

*VUZ\TLY 7YVK\J[Z

0UK\Z[YPHS :`Z[LTZ

6[OLYZ



 



 







 







Total



 



 



 

:LNTLU[YLZ\S[Z











 

7HY[PJ\SHYZ Revenue ,_[LYUHSZHSLZUL[VML_JPZLK\[` 0U[LYZLNTLU[ZHSLZ

Less:-PUHUJLJVZ[Z

 

Less:6[OLY\UHSSVJHISLL_WLUKP[\YLUL[VM \UHSSVJHISLPUJVTL



7YVÃ&#x201E;[ILMVYL[H_



Less:,_JLW[PVUHSP[LT



7YVÃ&#x201E;[HM[LYL_JLW[PVUHSP[LTHUKILMVYL[H_



;H_L_WLUZL

 

7YVÃ&#x201E;[HM[LY[H_



Capital Employed: :LNTLU[HZZL[Z





 

:LNTLU[SPHIPSP[PLZ



 



Net Assets







*HWP[HSL_WLUKP[\YL







+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL









5VUJHZOL_WLUZLZV[OLY[OHUKLWYLJPH[PVU

 











 









 



 



 









<UHSSVJHISLHZZL[ZJVTWYPZLHZZL[ZHUKSPHIPSP[PLZ^OPJOJHUUV[ILHSSVJH[LK[V[OLZLNTLU[Z;H_JYLKP[HZZL[ZSPHIPSP[PLZHYLUV[JVUZPKLYLKPUJHWP[HSLTWSV`LK

160

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

36. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 17 SEGMENT REPORTING (Contd.) II

Secondary Segments (Geographical Segments) F 8JLRJSYWJ[JSZJG^QTHFYNTSTKHZXYTRJWX





+VTLZ[PJ

6610.74

 

6]LYZLHZ

6869.84



13480.58

 





Sales and service revenue:

Total G (TXYNSHZWWJITSFHVZNXNYNTSTKYFSLNGQJFSINSYFSLNGQJFXXJYX

+VTLZ[PJ

134.03



6]LYZLHZ

162.24



Total

296.27

 

(ZH[ 

(ZH[ 

H 9MJHFWW^NSLFRTZSYTKXJLRJSYFXXJYXG^QTHFYNTSTKFXXJYX

+VTLZ[PJ

4294.99



6]LYZLHZ

6379.86



10674.85







8271.22



Total ... (TSYNSJSY\NXJXFQJX

Continents: (ZPH (MYPJH 5VY[O(TLYPJH :V\[O(TLYPJH ,\YVWL (\Z[YHSPH Total

430.49



1472.65



412.64



2706.21



187.37

 

13480.58

 

(ZH[ 

(ZH[  

.; :SFQQTHFGQJFXXJYXQNFGNQNYNJXJ]HQZIJ

1NFGNQNYNJX 3VUN[LYTIVYYV^PUNZ

1632.25

+LMLYYLK[H_SPHIPSP[PLZ

187.83



:OVY[[LYTIVYYV^PUNZ

560.77

 

202.97



2583.82



+LMLYYLK[H_HZZL[Z

341.00

 

Total

341.00

 

*\YYLU[TH[\YP[PLZVMSVUN[LYTIVYYV^PUNZ Total Assets:

FI NA N C I A L S

161


NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

36. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 17 SEGMENT REPORTING (Contd.) ;

8JLRJSY.IJSYNÁHFYNTS7JUTWYFGQJ8JLRJSYFSIIJÁSNYNTSTKJFHM7JUTWYFGQJ8JLRJSY H 7YPTHY`ZLNTLU[! 0U[OLVWPUPVUVM[OLTHUHNLTLU[[OLI\ZPULZZZLNTLU[JVTWYPZLZ[OLMVSSV^PUN! P

7V^LY:`Z[LTZ

!

;YHUZMVYTLY:^P[JONLHY;\YURL`7YVQLJ[ZHUK7V^LY:*(+(:\WLY]PZVY`JVU[YVSHUKKH[HHJX\PZP[PVUZ`Z[LTZ

PP *VUZ\TLY7YVK\J[Z !

-HUZ(WWSPHUJLZ3\TPUHPYLZ3PNO[:V\YJLZHUK7\TWZ

PPP 0UK\Z[YPHS:`Z[LTZ

!

,SLJ[YPJ4V[VYZ(S[LYUH[VYZ+YP]LZ+YP]LZZVS\[PVUZ;YHJ[PVU,SLJ[YVUPJZHUK:*(+(

P] 6[OLYZ 

!

7V^LY+PZ[YPI\[PVU:LSM(KOLZP]L;HWLZHUK:WLJPHSP[`3HISLZ

I 7YPTHY`:LJVUKHY`ZLNTLU[YLWVY[PUNMVYTH[! P

;OLYPZRYL[\YUWYVÄSLVM[OL*VTWHU`»ZI\ZPULZZPZKL[LYTPULKWYLKVTPUHU[S`I`[OLUH[\YLVMP[ZWYVK\J[ZHUKZLY]PJLZ(JJVYKPUNS`[OLI\ZPULZZ ZLNTLU[JVUZ[P[\[LZ[OLWYPTHY`ZLNTLU[MVYKPZJSVZ\YLVMZLNTLU[PUMVYTH[PVU

PP 0UYLZWLJ[VMZLJVUKHY`ZLNTLU[PUMVYTH[PVU[OLTHUHNLTLU[OHZPKLU[PÄLKP[ZNLVNYHWOPJHSZLNTLU[ZHZH+VTLZ[PJHUKI6]LYZLHZ;OLZLJVUKHY` ZLNTLU[PUMVYTH[PVUOHZILLUKPZJSVZLKHJJVYKPUNS` J :LNTLU[PKLU[PÄJH[PVU! 

)\ZPULZZZLNTLU[ZOH]LILLUPKLU[PÄLKVU[OLIHZPZVM[OLUH[\YLVMWYVK\J[ZZLY]PJLZ[OLYPZRYL[\YUWYVÄSLVMPUKP]PK\HSI\ZPULZZLZ[OLVYNHUPaH[PVUHS Z[Y\J[\YLHUK[OLPU[LYUHSYLWVY[PUNZ`Z[LTVM[OL*VTWHU`

K 9LWVY[HISLZLNTLU[Z! 

9LWVY[HISLZLNTLU[ZOH]LILLUPKLU[PÄLKHZWLY[OLX\HU[P[H[P]LJYP[LYPHZWLJPÄLKPU[OL(JJV\U[PUN:[HUKHYK

L :LNTLU[YL]LU\LHUKYLZ\S[Z! 

;OLL_WLUZLZHUKPUJVTLZ^OPJOHYLUV[KPYLJ[S`H[[YPI\[HISL[VHU`I\ZPULZZZLNTLU[HYLZOV^UHZ\UHSSVJHISLL_WLUKP[\YLUL[VM\UHSSVJH[LKPUJVTL

M :LNTLU[HZZL[ZHUKSPHIPSP[PLZ! 

:LNTLU[HZZL[ZPUJS\KLHSSVWLYH[PUNHZZL[Z\ZLKI`[OLI\ZPULZZZLNTLU[HUKTHPUS`JVUZPZ[VMÄ_LKHZZL[Z[YHKLYLJLP]HISLZHUKPU]LU[VYPLZ:LNTLU[ SPHIPSP[PLZWYPTHYPS`PUJS\KL[YHKLWH`HISLZHUKV[OLYSPHIPSP[PLZ*VTTVUHZZL[ZHUKSPHIPSP[PLZ^OPJOJHUUV[ILHSSVJH[LK[VHU`VM[OLZLNTLU[ZHYLZOV^UHZ HWHY[VM\UHSSVJHISLHZZL[ZSPHIPSP[PLZ

N 0U[LYZLNTLU[[YHUZMLY! 

0U[LYZLNTLU[WYPJLZHYLUVYTHSS`ULNV[PH[LKHTVUNZ[ZLNTLU[Z^P[OYLMLYLUJL[V[OLJVZ[ZTHYRL[WYPJLHUKI\ZPULZZYPZRZ7YVÄ[VYSVZZVUPU[LYZLNTLU[ [YHUZMLYZHYLLSPTPUH[LKH[[OL*VTWHU`SL]LS

37. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES 

F 1NXYTKWJQFYJIUFWYNJX\NYM\MTRYWFSXFHYNTSX\JWJHFWWNJITZYIZWNSLYMJ^JFWFSIIJXHWNUYNTSTKWJQFYNTSXMNU (i)

Associates: 

*.3\J`:^P[JONLHY3PTP[LK



(]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK

(ii) Key Management Personnel: 

.H\[HT;OHWHY

 *OHPYTHUHUK7YVTV[LY+PYLJ[VY



3H\YLU[+LTVY[PLY

 *,6 4HUHNPUN+PYLJ[VY

NNN 4YMJW7JQFYJI5FWYNJXNS\MNHMFINWJHYTWNXNSYJWJXYJI 

)HSSHYW\Y0UK\Z[YPLZ3PTP[LK



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK



(]HU[OH/VSKPUNZ3PTP[LK



:HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK



(]HU[OH9LHS[`3PTP[LK



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK



:HIHO-VYLZ[0UK\Z[YPLZ:KU)OK



4HSHUW\Y*HW[P]L7V^LY3PTP[LK

 *VYLSSH0U]LZ[TLU[Z3PTP[LK  3\Z[YL0U[LYUH[PVUHS3PTP[LK  =HY\U7YHRHZOHU7YP]H[L3PTP[LK  1OHI\H7V^LY3PTP[LK

162

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

37. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) G 9MJKTQQT\NSLYWFSXFHYNTSX\JWJHFWWNJITZY\NYMYMJWJQFYJIUFWYNJXNSYMJTWINSFW^HTZWXJTKGZXNSJXX :Y 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 5V 1





Purchase of goods and services Associate *.3\J`:^P[JONLHY3PTP[LK

113.87



Other Related Parties )03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

0.47



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.09

 

114.43

 

10.40



-



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.60



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.13



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

0.63



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK

9.12



(]HU[OH/VSKPUNZ3PTP[LK

0.01



:HIHO-VYLZ[0UK\Z[YPLZ:KU)OK

0.37



1OHI\H7V^LY3PTP[LK

5.14



26.40

  

Total 2

Sales of goods and services Associates *.3\J`:^P[JONLHY3PTP[LK (]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK Other Related Parties

Total 3

8FQJTKKN]JIFXXJYX Other Related Party (]HU[OH/VSKPUNZ3PTP[LK Total

4

-



-



.SYJWJXYJ]UJSXJX Associate 0.36



0.36



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.85



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

1.12



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.30



2.27



*.3\J`:^P[JONLHY3PTP[LK Total 5

Rental income Other Related Parties

Total 6

Interest income Other Related Party 0.83



0.83



.H\[HT;OHWHY

5.21



3H\YLU[+LTVY[PLY

8.79



14.00



4HSHUW\Y*HW[P]L7V^LY3PTP[LK Total 7

Payment of salaries, commission and perquisites Key Management Personnel

Total

FI NA N C I A L S

163


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

37. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) G 9MJKTQQT\NSLYWFSXFHYNTSX\JWJHFWWNJITZY\NYMYMJWJQFYJIUFWYNJXNSYMJTWINSFW^HTZWXJTKGZXNSJXX (TSYI :Y 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 5V 8





Dividend paid Other Related Parties 30.71



(]HU[OH9LHS[`3PTP[LK

0.00



*VYLSSH0U]LZ[TLU[Z3PTP[LK

0.87



3\Z[YL0U[LYUH[PVUHS3PTP[LK

0.52



=HY\U7YHRHZOHU7YP]H[L3PTP[LK

0.00



32.10



2.04



2.04



67.64



0.47



-



(]HU[OH/VSKPUNZ3PTP[LK

Total 9

Rent paid Other Related Party (]HU[OH9LHS[`3PTP[LK Total

10 4YMJWJ]UJSXJX Other Related Parties (]HU[OH/VSKPUNZ3PTP[LK (]HU[OH9LHS[`3PTP[LK (]HU[OH;LJOUVSVNPLZ3PTP[LK :HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK Total

1.13



69.24

  

(ZH[ 

(ZH[ 

35.15



iv) Amount due to / from related parties: :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 1

&HHTZSYXUF^FGQJ Associates *.3\J`:^P[JONLHY3PTP[LK :H\KP7V^LY;YHUZMVYTLYZ*VTWHU`3PTP[LK

0.72



7H\^LSZ4PKKSL,HZ[;YHKPUN *VU[YHJ[PUN7][*V33*

1.54



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.00



(]HU[OH/VSKPUNZ3PTP[LK

0.09



:HSPLU[)\ZPULZZ:VS\[PVUZ3PTP[LK

0.20



37.70



*.3\J`:^P[JONLHY3PTP[LK

2.60



(]HU[OH7V^LY 0UMYHZ[Y\J[\YL3PTP[LK

0.00



)03;.YHWOPJ7HWLY7YVK\J[Z3PTP[LK

1.99



)HSSHYW\Y0UK\Z[YPLZ3PTP[LK

0.38



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.17



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK

10.48



Other Related Parties

Total 2

&HHTZSYXWJHJN[FGQJ Associates

Other Related Parties

:HIHO-VYLZ[0UK\Z[YPLZ:KU)OK

0.17



(]HU[OH/VSKPUNZ3PTP[LK

0.00



1OHI\H7V^LY3PTP[LK Total

164

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

8.34



24.13

 


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

37. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 18 RELATED PARTY DISCLOSURES (Contd.) iv) Amount due to / from related parties (Contd.) :Y 5V 5H[\YLVM[YHUZHJ[PVUYLSH[PVUZOPW 3

(ZH[ 

(ZH[ 

-



11.20



11.20



:VSHYPZ*OLT;LJO0UK\Z[YPLZ3PTP[LK

0.13



2VYIH>LZ[7V^LY*VTWHU`3PTP[LK

3.54



3.67



1TFSXFSIFI[FSHJXWJHJN[FGQJ Associate *.3\J`:^P[JONLHY3PTP[LK Other Related Party 4HSHUW\Y*HW[P]L7V^LY3PTP[LK Total

4

1TFSXFSIFI[FSHJXUF^FGQJ Other Related Parties

Total 5

)N[NIJSIUF^FGQJ Other Related Parties 10.24



(]HU[OH9LHS[`3PTP[LK

0.00



*VYLSSH0U]LZ[TLU[Z3PTP[LK

0.29



3\Z[YL0U[LYUH[PVUHS3PTP[LK

0.17



=HY\U7YHRHZOHU7YP]H[L3PTP[LK

0.00



10.70



.H\[HT;OHWHY

5.21



3H\YLU[+LTVY[PLY

5.46



10.67



(]HU[OH/VSKPUNZ3PTP[LK

Total 6

Due to Key Management Personnel

Total 

5V[L!5VHTV\U[ZOH]LILLU^YP[[LUVMMVY^YP[[LUIHJRK\YPUN[OL`LHY

38. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 19 LEASES Operating Leases: P

;OL*VTWHU`OHZ[HRLU]HYPV\ZYLZPKLU[PHSJVTTLYJPHSWYLTPZLZHUKWSHU[HUKLX\PWTLU[\UKLYJHUJLSSHISLVWLYH[PUNSLHZLZ;OLZLSLHZLHNYLLTLU[ZHYL UVYTHSS`YLUL^LKVUL_WPY`

PP H ;OL*VTWHU`OHZ[HRLUJLY[HPUHZZL[ZVUUVUJHUJLSSHISLVWLYH[PUNSLHZL[OLM\[\YLTPUPT\TSLHZLWH`TLU[PUYLZWLJ[VM^OPJOHYLHZMVSSV^Z! Minimum lease payments 



+\L^P[OPUVUL`LHY

20.93



+\LVUL[VÃ&#x201E;]L`LHYZ

20.36

 

+\LIL`VUKÃ&#x201E;]L`LHYZ Total

2.95



44.24



I ;OLSLHZLHNYLLTLU[ZWYV]PKLMVYHUVW[PVU[V[OL*VTWHU`[VYLUL^[OLSLHZLWLYPVKH[[OLLUKVM[OLUVUJHUJLSSHISLWLYPVK;OLYLHYLUVL_JLW[PVUHS YLZ[YPJ[P]LJV]LUHU[ZPU[OLSLHZLHNYLLTLU[Z PPP 3LHZLYLU[HSL_WLUZLPUYLZWLJ[VMVWLYH[PUNSLHZLZPZ`JYVYL7YL]PV\Z`LHY`JYVYL

FI NA N C I A L S

165


`JYVYL

NOTES

ACCOMPANYING TO THE CONSOLIDATED FINANCIAL STATEMENTS (Contd.)

39. DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 20 EARNINGS PER SHARE  7YVÃ&#x201E;[SVZZMVY[OL`LHY

244.33



5VZ

633254604

 

>LPNO[LKH]LYHNLU\TILYVMLX\P[`ZOHYLZV\[Z[HUKPUN -HJL]HS\LVMLX\P[`ZOHYL



`JYVYL ` ZOHYL

2.00



`

3.86



>LPNO[LKH]LYHNLLHYUPUNZWLYZOHYLIHZPJHUKKPS\[LK 40. FOREIGN CURRENCY TRANSACTIONS, FORWARD CONTRACTS AND DERIVATIVES 

;OL .YV\W OHZ HKVW[LK [OL WYPUJPWSLZ VM OLKNL HJJV\U[PUN HZ WLY [OL (JJV\U[PUN :[HUKHYK (:  -PUHUJPHS 0UZ[Y\TLU[! 9LJVNUP[PVU HUK 4LHZ\YLTLU[ PU YLZWLJ[VM[OVZLKLYP]H[P]L[YHUZHJ[PVUZ^OPJOHYLUV[JV]LYLKI`[OLL_PZ[PUN(JJV\U[PUN:[HUKHYK(:;OPZ[YLH[TLU[OHZYLZ\S[LKPUHUL[NHPUVM` JYVYL7YL]PV\Z`LHYNHPUVM`JYVYLHYPZPUNK\L[VJOHUNLPU[OLMHPY]HS\LVMKLYP]H[P]LZOHZILLUYLJVNUPZLKPU[OLZOHYLOVSKLYZM\UKHZHJHZOÃ&#x2026;V^OLKNL



;OLWHY[PJ\SHYZVMKLYP]H[P]LJVU[YHJ[ZLU[LYLKPU[VMVYOLKNPUNW\YWVZLZV\[Z[HUKPUNHZH[Z[4HYJOHYLHZ\UKLY! :Y 5V 1

2

*H[LNVY`VM+LYP]H[P]L0UZ[Y\TLU[Z

(ZH[ 

For hedging foreign currency risks: H -VY^HYKJVU[YHJ[ZMVYYLJLP]HISLZPUJS\KPUNÃ&#x201E;YTJVTTP[TLU[ZHUKOPNOS`WYVIHISLMVYLJHZ[LK[YHUZHJ[PVUZ

785.07

 

I -VY^HYKJVU[YHJ[ZMVYWH`HISLPUJS\KPUNÃ&#x201E;YTJVTTP[TLU[ZHUKOPNOS`WYVIHISLMVYLJHZ[LK[YHUZHJ[PVUZ

224.35



94.73

 

For hedging commodity price risks *VTTVKP[`M\[\YLZ

3

(ZH[ 

5FWYNHZQFWXTK:SMJILJIKTWJNLSHZWWJSH^J]UTXZWJFXFYYMJGFQFSHJXMJJYIFYJ H ;YHKLYLJLP]HISLZ

129.95



I ;YHKLWH`HISLZ

314.32



J

184.27



3VHUZWH`HISLZ

K )HURIHSHUJLPUJ\YYLU[HJJV\U[ZHUK[LYTKLWVZP[HJJV\U[Z L

0U]LZ[TLU[ZPUV]LYZLHZHZZVJPH[LZ

40.37



3.60



41. ;OL*VTWHU`K\YPUN[OL`LHYOHZIV\NO[ LX\P[`ZOHYLZ\UKLY[OL)\`IHJR:JOLTLH[HJVZ[VM`JYVYLPUJS\KPUNZLY]PJL[H_(Z\TVM `JYVYLWLY[HPUPUN[VZOHYLZL_[PUN\PZOLKK\YPUN[OL`LHYOHZILLUYLK\JLKMYVTZLJ\YP[PLZWYLTP\THJJV\U[HUK` JYVYLYLWYLZLU[PUN[OLMHJL]HS\L OHZILLUYLK\JLKMYVT[OLZOHYLJHWP[HSHUK[YHUZMLYYLK[VJHWP[HSYLKLTW[PVUYLZLY]L;OL[V[HSHTV\U[\[PSPZLKPU[OLI\`IHJRPZ`JYVYLILPUN  VM[OLTH_PT\TI\`IHJRZPaLVM`JYVYL(SSZOHYLZIV\NO[IHJROH]LILLUM\SS`L_[PUN\PZOLKHZVUKH[L 42. (TV\U[ZZOV^UHZ`YLWYLZLU[HTV\U[ZILSV^`9\WLLZ-PM[`;OV\ZHUK 43. -PN\YLZVM[OLWYL]PV\Z`LHYOH]LILLUYLNYV\WLK^OLYL]LYULJLZZHY` Signatures to Notes 1 to 43

SHARP & TANNAN

Madhav Acharya

Laurent Demortier

CHARTERED ACCOUNTANTS

CHIEF FINANCIAL OFFICER

CEO & MANAGING DIRECTOR

Milind P. Phadke

Minal Bhosale

Gautam Thapar

PARTNER

COMPANY SECRETARY

CHAIRMAN

-PYT»Z9LNPZ[YH[PVU5V

>

I`[OLOHUKVM

4LTILYZOPW5V 4\TIHP [O4H`

166

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

4\TIHP [O4H`


ACCOUNTS IN FOREIGN CURRENCY

FI NA N C I A L S

167


STANDALONE BALANCE SHEET

AS AT 31ST MARCH, 2014

(ZH[ <:+TPSSPVU

(ZH[

<:+TPSSPVU

<:+TPSSPVU

<:+TPSSPVU

EQUITY AND LIABILITIES 1.

SHAREHOLDERSâ&#x20AC;&#x2122; FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

20.92



539.26

  560.18

2.



NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ

0.09



I +LMLYYLK[H_SPHIPSP[PLZUL[

12.28



J 6[OLYSVUN[LYTSPHIPSP[PLZ

4.68



K 3VUN[LYTWYV]PZPVUZ

7.00

 24.05

3.



CURRENT LIABILITIES: 5.01



260.90

 

J6[OLYJ\YYLU[SPHIPSP[PLZ

60.58



K:OVY[[LYTWYV]PZPVUZ

21.75

H:OVY[[LYTIVYYV^PUNZ I;YHKLWH`HISLZ

TOTAL

 348.24



932.47



ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z

112.59



 PP 0U[HUNPISLHZZL[Z

13.42



 PPP*HWP[HS^VYRPUWYVNYLZZ

7.08



 P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[

4.22



134.49



I5VUJ\YYLU[PU]LZ[TLU[Z J3VUN[LYTSVHUZHUKHK]HUJLZ

7.12

 278.92

2.

H*\YYLU[PU]LZ[TLU[Z I0U]LU[VYPLZ J;YHKLYLJLP]HISLZ K*HZOHUKIHURIHSHUJLZ L:OVY[[LYTSVHUZHUKHK]HUJLZ M 6[OLYJ\YYLU[HZZL[Z

3.44



93.10



318.47

 

73.91



153.43



11.20

TOTAL

Note:*SVZPUNL_JOHUNLYH[LJVUZPKLYLKMVY<:+HZH[Z[4HYJOPZ`  HUKHZH[Z[4HYJOPZ`

168



CURRENT ASSETS:

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

 653.55



932.47




STANDALONE STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

 <:+TPSSPVU



<:+TPSSPVU

<:+TPSSPVU

<:+TPSSPVU

INCOME: :HSLZHUKZLY]PJLZ Less:,_JPZLK\[`

1310.94

  

70.07

 1240.87

9L]LU\LMYVTVWLYH[PVUZ 6[OLYPUJVTL TOTAL REVENUE



29.11



1269.98

 

EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ

599.35



7\YJOHZLZVMZ[VJRPU[YHKL

330.23



*OHUNLZPUPU]LU[VYPLZVMÃ&#x201E;UPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL

(2.12)

 

,TWSV`LLILULÃ&#x201E;[ZL_WLUZL

78.92



-PUHUJLJVZ[Z +LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL 6[OLYL_WLUZLZ

6.59



14.81



124.16

TOTAL EXPENSES PROFIT BEFORE TAX

 1151.94

 

118.04

 

TAX EXPENSE: *\YYLU[[H_ +LMLYYLK[H_ PROFIT FOR THE YEAR ,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LKPU<:+

27.77



3.94

 31.71



86.33

 

0.14



Note: (]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY<:+MVYPZ`HUKMVYPZ`

FI NA N C I A L S

169


STANDALONE BALANCE SHEET

AS AT 31ST MARCH, 2014

(ZH[ ,\YVTPSSPVU

(ZH[

,\YVTPSSPVU

,\YVTPSSPVU

,\YVTPSSPVU

EQUITY AND LIABILITIES 1.

SHAREHOLDERSâ&#x20AC;&#x2122; FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

15.24



392.74

 407.98

2.

 

NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ

0.07



I +LMLYYLK[H_SPHIPSP[PLZUL[

8.95



J 6[OLYSVUN[LYTSPHIPSP[PLZ

3.41

 

K 3VUN[LYTWYV]PZPVUZ

5.09

 17.52

3.



CURRENT LIABILITIES: 3.65



190.01

 

J6[OLYJ\YYLU[SPHIPSP[PLZ

44.12



K:OVY[[LYTWYV]PZPVUZ

15.84

H:OVY[[LYTIVYYV^PUNZ I;YHKLWH`HISLZ

TOTAL

 253.62



679.12



ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z

82.00

 PP 0U[HUNPISLHZZL[Z

9.77



 PPP*HWP[HS^VYRPUWYVNYLZZ

5.16



 P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[ I5VUJ\YYLU[PU]LZ[TLU[Z J3VUN[LYTSVHUZHUKHK]HUJLZ

 

3.08



97.94

 

5.19

 203.14

2.

H*\YYLU[PU]LZ[TLU[Z I0U]LU[VYPLZ J;YHKLYLJLP]HISLZ K*HZOHUKIHURIHSHUJLZ L:OVY[[LYTSVHUZHUKHK]HUJLZ M 6[OLYJ\YYLU[HZZL[Z

2.51

 

231.93



53.83



111.74



8.16



Note:*SVZPUNL_JOHUNLYH[LJVUZPKLYLKMVY,\YVHZH[Z[4HYJOPZ`HUKHZH[Z[4HYJOPZ`  

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4



67.81

TOTAL

170

  

CURRENT ASSETS:

475.98



679.12




STANDALONE STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

 ,\YVTPSSPVU



,\YVTPSSPVU

,\YVTPSSPVU

,\YVTPSSPVU

INCOME: :HSLZHUKZLY]PJLZ

977.61

Less:,_JPZLK\[`

52.25

  925.36

9L]LU\LMYVTVWLYH[PVUZ 6[OLYPUJVTL TOTAL REVENUE



21.71



947.07

 

EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ

446.96



7\YJOHZLZVMZ[VJRPU[YHKL

246.27



*OHUNLZPUPU]LU[VYPLZVMÃ&#x201E;UPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL

(1.58)



,TWSV`LLILULÃ&#x201E;[ZL_WLUZL

58.86



4.91



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

11.04



6[OLYL_WLUZLZ

92.59

-PUHUJLJVZ[Z

TOTAL EXPENSES PROFIT BEFORE TAX

 859.05

 

88.02



TAX EXPENSE: *\YYLU[[H_ +LMLYYLK[H_ PROFIT FOR THE YEAR ,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LKPU,\YV

20.71



2.93

  23.64



64.38



0.10



Note: (]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY,\YVMVYPZ` HUKMVYPZ`

FI NA N C I A L S

171


CONSOLIDATED BALANCE SHEET

AS AT 31ST MARCH, 2014

(ZH[ <:+TPSSPVU

(ZH[

<:+TPSSPVU

<:+TPSSPVU

<:+TPSSPVU

EQUITY AND LIABILITIES 1.

SHAREHOLDERSâ&#x20AC;&#x2122; FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

2.

MINORITY INTEREST

3.

NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ

20.92



587.42

 608.34



1.96



272.45



I +LMLYYLK[H_SPHIPSP[PLZ

31.35



J 6[OLYSVUN[LYTSPHIPSP[PLZ

14.43



K 3VUN[LYTWYV]PZPVUZ

12.20

 330.43

4.

CURRENT LIABILITIES: H:OVY[[LYTIVYYV^PUNZ



93.60



I;YHKLWH`HISLZ

462.98



J6[OLYJ\YYLU[SPHIPSP[PLZ

285.77



K:OVY[[LYTWYV]PZPVUZ

55.64

TOTAL

 897.99



1838.72



ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z

262.25



 PP 0U[HUNPISLHZZL[Z

85.26



 PPP*HWP[HS^VYRPUWYVNYLZZ

15.28



 P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[

21.17

 

193.42



I5VUJ\YYLU[PU]LZ[TLU[Z

46.40



J+LMLYYLK[H_HZZL[Z

56.92



 ].VVK^PSSVUJVUZVSPKH[PVU

K3VUN[LYTSVHUZHUKHK]HUJLZ

8.33

 689.03

2.

CURRENT ASSETS: H*\YYLU[PU]LZ[TLU[Z I0U]LU[VYPLZ

3.49



278.98



J;YHKLYLJLP]HISLZ

599.44



K*HZOHUKIHURIHSHUJLZ

136.03



L:OVY[[LYTSVHUZHUKHK]HUJLZ

82.72



M 6[OLYJ\YYLU[HZZL[Z

49.03

Total

Note:*SVZPUNL_JOHUNLYH[LJVUZPKLYLKMVY<:+HZH[Z[4HYJOPZ`  HUKHZH[Z[4HYJOPZ`

172



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

 1149.69

 

1838.72




CONSOLIDATED STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

 <:+TPSSPVU



<:+TPSSPVU

<:+TPSSPVU

<:+TPSSPVU

INCOME: :HSLZHUKZLY]PJLZ Less:,_JPZLK\[`

2304.08



70.62

 2233.46

9L]LU\LMYVTVWLYH[PVUZ 6[OLYPUJVTL TOTAL REVENUE

 

35.04



2268.50



EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ 7\YJOHZLZVMZ[VJRPU[YHKL *OHUNLZPUPU]LU[VYPLZVMÃ&#x201E;UPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL ,TWSV`LLILULÃ&#x201E;[ZL_WLUZL

1191.75



330.23



(8.46)



323.42

 

-PUHUJLJVZ[Z

22.64



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

43.43



283.53

 

6[OLYL_WLUZLZ

2186.54

TOTAL EXPENSES PROFIT BEFORE EXCEPTIONAL ITEM AND TAX ,_JLW[PVUHSP[LT PROFIT BEFORE TAX



81.96

 

-



81.96



TAX EXPENSE: *\YYLU[[H_

32.06



+LMLYYLK[H_

7.04



PROFIT / (LOSS) AFTER TAX

39.10



42.86



0.11



:OHYLVMWYVÃ&#x201E;[SVZZVMHZZVJPH[LJVTWHUPLZUL[

(2.49)



PROFIT / (LOSS) FOR THE YEAR

40.48



0.06



4PUVYP[`PU[LYLZ[PUSVZZ

,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LKPU<:+

Note:(]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY<:+MVYPZ`HUKMVYPZ`

FI NA N C I A L S

173


CONSOLIDATED BALANCE SHEET

AS AT 31ST MARCH, 2014

(ZH[ ,\YVTPSSPVU

(ZH[

,\YVTPSSPVU

,\YVTPSSPVU

,\YVTPSSPVU

EQUITY AND LIABILITIES 1.

SHAREHOLDERSâ&#x20AC;&#x2122; FUNDS: H :OHYLJHWP[HS I 9LZLY]LZHUKZ\YWS\Z

2.

MINORITY INTEREST

3.

NON-CURRENT LIABILITIES: H 3VUN[LYTIVYYV^PUNZ

15.24



427.80

  443.04



1.43



198.42



I +LMLYYLK[H_SPHIPSP[PLZ

22.83



J 6[OLYSVUN[LYTSPHIPSP[PLZ

10.51



K 3VUN[LYTWYV]PZPVUZ

8.89

 240.65

4.

CURRENT LIABILITIES: H:OVY[[LYTIVYYV^PUNZ



68.17



I;YHKLWH`HISLZ

337.18



J6[OLYJ\YYLU[SPHIPSP[PLZ

208.12



K:OVY[[LYTWYV]PZPVUZ

40.52

TOTAL

 653.99



1339.11

 

ASSETS 1.

NON-CURRENT ASSETS: H -P_LKHZZL[Z  P ;HUNPISLHZZL[Z

191.00

 PP 0U[HUNPISLHZZL[Z

62.09



 PPP*HWP[HS^VYRPUWYVNYLZZ

11.13



 P]0U[HUNPISLHZZL[Z\UKLYKL]LSVWTLU[

15.42



140.87

 

I5VUJ\YYLU[PU]LZ[TLU[Z

33.79



J+LMLYYLK[H_HZZL[Z

41.45



 ] .VVK^PSSVUJVUZVSPKH[PVU

K3VUN[LYTSVHUZHUKHK]HUJLZ



6.06

 501.81

2.

CURRENT ASSETS: H*\YYLU[PU]LZ[TLU[Z

2.54



I0U]LU[VYPLZ

203.18



J;YHKLYLJLP]HISLZ

436.56



K*HZOHUKIHURIHSHUJLZ

99.07

 

L:OVY[[LYTSVHUZHUKHK]HUJLZ

60.24



M 6[OLYJ\YYLU[HZZL[Z

35.71

Total

Note:*SVZPUNL_JOHUNLYH[LJVUZPKLYLKMVY,\YVHZH[Z[4HYJOPZ`HUKHZH[Z[4HYJOPZ`  

174



C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

 837.30

 

1339.11

 


CONSOLIDATED STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2014

 ,\YVTPSSPVU



,\YVTPSSPVU

,\YVTPSSPVU

,\YVTPSSPVU

INCOME: :HSLZHUKZLY]PJLZ

1718.24

Less:,_JPZLK\[`



52.67

 1665.57

9L]LU\LMYVTVWLYH[PVUZ 6[OLYPUJVTL TOTAL REVENUE



26.13



1691.70

 

EXPENSES: *VZ[VMYH^TH[LYPHSZHUKJVTWVULU[ZJVUZ\TLKHUKJVUZ[Y\J[PVUTH[LYPHSZ

888.73

 

7\YJOHZLZVMZ[VJRPU[YHKL

246.27



(6.31)



*OHUNLZPUPU]LU[VYPLZVMÃ&#x201E;UPZOLKNVVKZ^VYRPUWYVNYLZZHUKZ[VJRPU[YHKL

241.18



-PUHUJLJVZ[Z

16.88



+LWYLJPH[PVUHUKHTVY[PZH[PVUL_WLUZL

32.39

 

211.44



,TWSV`LLILULÃ&#x201E;[ZL_WLUZL

6[OLYL_WLUZLZ

1630.58

TOTAL EXPENSES PROFIT BEFORE EXCEPTIONAL ITEM AND TAX ,_JLW[PVUHSP[LT PROFIT BEFORE TAX



61.12



-



61.12



TAX EXPENSE: *\YYLU[[H_

23.91



+LMLYYLK[H_

5.25

 

PROFIT / (LOSS) AFTER TAX

29.16



31.96



0.08



:OHYLVMWYVÃ&#x201E;[SVZZVMHZZVJPH[LJVTWHUPLZUL[

(1.86)



PROFIT / (LOSS) FOR THE YEAR

30.18



0.05



4PUVYP[`PU[LYLZ[PUSVZZ

,HYUPUNZWLYZOHYLIHZPJHUKKPS\[LKPU,\YV Note:(]LYHNLL_JOHUNLYH[LJVUZPKLYLKMVY,\YVMVYPZ` HUKMVYPZ`

FI NA N C I A L S

175


PRODUCTS & SERVICES

176

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


Power CG India Transformers R (\[V;YHUZMVYTLYZ\W[VfR= R Distribution Transformers R ,ULYN`,MÄ&#x2030;JPLU[;YHUZMVYTLYZ R +Y`;`WL;YHUZMVYTLYZ*HZ[9LZPU =70 R 3VJVTV[P]L;YHUZMVYTLYZ R ;YHJ[PVU;YHUZMVYTLYZ

Engineering Projects 7YVQLJ[ZVU[\YURL`IHZPZMYVTJVUJLW[[V JVTTPZZPVUPUN! ò ;\YURL`(PY0UZ\SH[LK:\IZ[H[PVU\W[VR= ò ;\YURL`.HZ0UZ\SH[LK:\IZ[H[PVU\W[V R= ò *VU[YVSHUK(\[VTH[PVU7YVQLJ[Z ò ,UNPULLYLK7HJRHNLZ ò 9LHJ[P]L7V^LY*VTWLUZH[PVU ò *VUZ[Y\J[PVU7HJRHNLZMVYV^U,/= Equipments

R -\YUHJL;YHUZMVYTLYZ R 9LJ[PÄ&#x2030;LY;YHUZMVYTLYZ R :O\U[9LHJ[VYZ\W[VR= R .LULYH[VY;YHUZMVYTLYZ\W[VR= R Systems Transformers R 7OHZL:OPM[PUN;YHUZMVYTLYZ R Earthing Transformers R 0ZVSH[PVU;YHUZMVYTLYZ

Switchgear R *\YYLU[;YHUZMVYTLYZ\W[VfR= R *HWHJP[P]L=VS[HNL;YHUZMVYTLY\W[V

fR= R 0UK\J[P]L=VS[HNL;YHUZMVYTLYZ\W[VfR= R *VUKLUZLY)\ZOPUNZ\W[VfR=0,*HUK

\W[VfR=(5:0 R *V\WSPUN.YHKPUN*HWHJP[VYZ\W[VfR= R 0UKVVY 6\[KVVY=HJ\\T*PYJ\P[)YLHRLYZ

\W[VfR= R 0UKVVY.0:\W[VfR= R .HZ*PYJ\P[)YLHRLYZ\W[VfR= R 3PNO[UPUN(YYLZ[LYZ\W[VfR=7VYJLSHPU

HZ^LSSHZ7VS`TLY0UZ\SH[VYZ R +PZJVUULJ[VYZ\W[VfR= R =HJ\\T0U[LYY\W[LYZ\W[VfR=fR(

( R 3= 4==HJ\\T*VU[HJ[VYZ\W[VfR=

630A R 3;:;(;*64MVY9LHJ[P]L7V^LY

Compensation R 3;:;(;*64MVY(J[P]L/HYTVUPJ-PS[LYPUN R 3;:;(;*64MVY=VS[HNL7OHZL)HSHUJPUN R /;(7-*!fR= R 3;(7-*!3; R fR=(\[VTH[PJ=HJ\\T*HWHJP[VY

:^P[JOLZ

Automation Systems R +LZPNU,UNPULLYPUN4HU\MHJ[\YPUN;LZ[PUN HUK*VTTPZZPVUPUNVM*VU[YVS7YV[LJ[PVU HUK:\IZ[H[PVU(\[VTH[PVU:`Z[LT:(: MVY4=/=,/=HUK</=:\IZ[H[PVUZ ò 3PUL+PZ[HUJL7YV[LJ[PVU ò 3PUL+PMMLYLU[PHS7YV[LJ[PVU ò ;YHUZMVYTLY+PMMLYLU[PHS7YV[LJ[PVU ò +PZ[YPI\[LK;`WL)\Z)HY7YV[LJ[PVU ò -LLKLY)H`*VU[YVS 7YV[LJ[PVU ò :\IZ[H[PVU:LY]LYJ\T.H[L^H`\UP[MVY:(: ò ,[OLYUL[:^P[JOMVY:(: ò .7:[PTLZ`UJOYVUPaH[PVUJSVJRMVY:(: R +LZPNU,UNPULLYPUN4HU\MHJ[\YPUN;LZ[PUN HUK*VTTPZZPVUPUNVM(UHSVNHUK+PNP[HS 7V^LY3PUL*HYYPLY*VTT\UPJH[PVU73** :`Z[LTMVY4=/=,/=HUK</=SPULZ ò Line Carrier Equipment ò 3PUL;LSLWYV[LJ[PVU,X\PWTLU[ ò 3PUL*V\WSPUN+L]PJL ò :[HUKHSVUL73**TVKLT R +PZ[YPI\[PVU(\[VTH[PVU:`Z[LTHUK(40 (49 ò 9;<7YV[VJVS*VU]LY[VYZ.H[L^H`Z ò FRTU ò SCADA ò +4: ò :THY[4L[LYZ ò +H[H*VUJLU[YH[VYZ ò *VTT\UPJH[PVU4VKLTZ ò 0UK\Z[YPHS,[OLYUL[:^P[JOLZ ò :LSM/LHSPUN5L[^VYRZ ò :THY[.YPK:VS\[PVUZ ò >PUK:*(+( ò :VSHY:*(+(

R <UP[PZLK:\IZ[H[PVU\W[VfR= R 5\TLYPJHS9LSH`Z R :-0UZ\SH[LK=HJ\\T9PUN4HPU<UP[Z\W

[VfR= R 6PS9PUN4HPU<UP[Z\W[VfR= R .HZ0UZ\SH[LK:^P[JONLHY.0:fR=

CG Power System Service R :P[L:LY]PJLZ R Repair & Refurbishment R *VUKP[PVU4VUP[VYPUNHUK+PHNUVZ[PJZVM 7V^LY(WWHYH[\Z

CG Holdings Belgium NV Transformers R 7V^LY;YHUZMVYTLYZ\W[VR= R +PZ[YPI\[PVU;YHUZMVYTLYZ\W[VR= R 6PS-PSSLK+PZ[YPI\[PVU;YHUZMVYTLYZ R :PUNSLWOHZL[YHUZMVYTLYZ\W[VR=( HUKR= R WOHZL[YHUZMVYTLYZ\W[V4=(HUK R=Ä&#x2030;SSLK^P[OTPULYHSVPSZPSPJVULVPS Z`U[OL[PJLZ[LYVPSZHUK]LNL[HISLVPS R Cast Resin Dry Type Transformers R :304s;YHUZMVYTLYZ\W[VR= R 7OHZL:OPM[PUN;YHUZMVYTLYZ R ;YHJ[PVU;YHUZMVYTLYZ R 4VIPSL;YHUZMVYTLYZ\W[VR= R /=+**VU]LY[LY;YHUZMVYTLYZ R :WLJPHS7\YWVZL;YHUZMVYTLYZ R *VTWHJ[:\IZ[H[PVUZ R 9LHJ[VYZ R <UP[:\IZ[H[PVUZ4PJYV:\IZ[H[PVUZ;YHMV box R 4VK\SHY+PZ[YPI\[PVU;YHUZMVYTLY\W[V R= Switchgear R 7VYJLSHPU/V\ZLK:\YNL(YYLZ[LYZ R 7VS`TLYPJ/V\ZLK:\YNL(YYLZ[LYZ R :-.HZ*PYJ\P[)YLHRLYZ R ;OYLLWOHZLLUJSVZLK*VTWHJ[.0: R :PUNSLWOHZLLUJSVZLK.0: R +PZJVUULJ[VYZ R Current Transformer R 0UK\J[P]L=VS[HNL;YHUZMVYTLY R *HWHJP[VY=VS[HNL;YHUZMVYTLY R :[H[PVU*SHZZ:\YNL(YYLZ[LYZ Services Division: EMEA R 0UZ[HSSH[PVU*VTTPZZPVUPUN4HPU[LUHUJL 9LWHPY 9LM\YIPZOTLU[VM;YHUZMVYTLYZ 63;*Z.0:(0:VMV^UTHRLHUKV[OLY IYHUKZ R :P[LPU[LY]LU[PVU:LY]PJLZHUKH+LKPJH[LK 9LWHPY:OVWMVY;YHUZMVYTLYZ\W[VR= HSSIYHUKZ:OLSSHUK*VYL[`WL R -HZ[SHULMVY+;YLM\YIPZOTLU[ R 6PSHUK:-[YLH[TLU[ R *VUKP[PVU)HZLK4VUP[VYPUN R (ZZL[(ZZLZZTLU[HUK+PHNUVZ[PJZ R 3PML[PTL,_[LUZPVU7YVNYHTZ R :\IZ[H[PVU6WLYH[PVUZ R Customer training R +LKPJH[LK:LY]PJL:H[LSSP[LZPU ò )LSNP\T4LJOLSLU *OHYSLYVP ò -YHUJL-®JHTW (]PNUVU!*.:LY]PJL :`Z[LTZ-YHUJL:(: ò /\UNHY`

PRODUCTS & SERVICES

177


ò Kuwait

CG Power Solutions UK Ltd

CG Automation Systems

ò :H\KP(YHIPH

Products & Services R 7YV]PKL7YVQLJ[4HUHNLTLU[,UNPULLYPUN 0UZ[HSSH[PVU*VTTPZZPVUPUNHUK:(7 6WLYH[PVUZZLY]PJLZMVY;YHUZTPZZPVU +PZ[YPI\[PVU.LULYH[PVU9LUL^HISLZ7HULS 4HU\MHJ[\YLHUK3=*VU[YHJ[PUN:LJ[VYZ R :LY]PJPUNVM;YHUZTPZZPVU +PZ[YPI\[PVU Equipment R ;\YURL`ZVS\[PVUZMYVTKLZPNU[OYV\NO[V JVTTPZZPVUPUNMVYPUK\Z[YPHSZJOLTLZHUK ,7*JVU[YHJ[Z R 4HU\MHJ[\YLVM7YV[LJ[PVU *VU[YVSWHULSZ

Automation Products R :\IZ[H[PVU*VU[YVSHUK(\[VTH[PVU:`Z[LTZ R Distribution Automation Systems R 9LTV[L;LSLTL[Y`<UP[Z R +PZ[YPI\[PVU(\[VTH[PVU*VU[YVSSLYZ R 0,*Z`Z[LTZ R 0,+PU[LNYH[PVU R Substation gateways R :THY[.YPK:VS\[PVUZ R +H[HJVUJLU[YH[VYZ R )H`*VU[YVS<UP[Z R 7YV[VJVSJVU]LY[LYZ R :LSMOLHSPUN5L[^VYRZ R SCADA Systems R >PUK:*(+(

ò UK

Systems Division R /PNO=VS[HNL;YHUZTPZZPVU:`Z[LTZ ,UNPULLYPUNHUK:\WLY]PZVY`ZLY]PJLZ R ,UNPULLYPUN*VUZ\S[HUJ`MVY[YHUZTPZZPVU NYPKVWLYH[VYZHUK.YPKJVTWSPHUJLHUHS`ZPZ R ;\YURL`(0:HUK.0:;YHUZTPZZPVU7YVQLJ[Z \W[VR=PUJS\KPUN! ò 9\YHS.YLLUÄ&#x2030;LSK,SLJ[YPÄ&#x2030;JH[PVUWYVQLJ[Z ò ;YHUZTPZZPVU.YPKJVUULJ[PVUZHUK :\IZ[H[PVUZMVY6UHUK6MMZOVYL^PUKWHYRZ ò 0UK\Z[YPHS/= 4=:\IZ[H[PVU0UZ[HSSH[PVUZ \W[VR= ò 4VK\SHY/=HUK4=Z\IZ[H[PVUZ\W[V R= ò 4VIPSL.0:HUK(0::\IZ[H[PVUZHUK *HWHJP[VY)HURZ\W[VR= ò 4VIPSL/=*PYJ\P[)YLHRLYZ\W[VR= ò 4VIPSL4=:^P[JONLHY\W[VR= ò ;YHUZTPZZPVU3PUL7YVQLJ[Z\W[VR= ò :\ITHYPULJHISLHUK\UKLYNYV\UKJHISL [YHUZTPZZPVUWYVQLJ[Z\W[VR= ò -SL_PISL(*;YHUZTPZZPVU:`Z[LTZ-(*;: R ;YHUZTPZZPVUWYVQLJ[HZZL[SLHZPUNHUK renting R :THY[.YPK:VS\[PVUZ R :\IZ[H[PVU*VU[YVSHUK(\[VTH[PVU:`Z[LTZ R Distribution Automation Systems R ;YHUZTPZZPVU4=HUK/=:*(+(WYVQLJ[Z R /=:\IZ[H[PVUYLM\YIPZOTLU[WYVQLJ[Z

CG Power Systems Ireland Ltd Distribution Transformer Division R +PZ[YPI\[PVU;YHUZMVYTLYZ\W[VR= R 6PS-PSSLK+PZ[YPI\[PVU;YHUZMVYTLYZ R :PUNSLWOHZL[YHUZMVYTLYZ\W[VR=( HUKR= R WOHZL[YHUZMVYTLYZ\W[V4=(HUK R=Ä&#x2030;SSLK^P[OTPULYHSVPSZPSPJVULVPS Z`U[OL[PJLZ[LYVPSZHUK]LNL[HISLVPS R :304s;YHUZMVYTLYZ\W[VR= R :WLJPHS7\YWVZL;YHUZMVYTLYZ R *VTWHJ[:\IZ[H[PVUZ!*VUJYL[L4L[HS  .97 R <UP[:\IZ[H[PVUZ4PJYV:\IZ[H[PVUZ;YHMV IV_ 79*: R ;OYLL7OHZL=LY`3V^3VZZ;YHUZMVYTLYZ R Refurbishment of Transformers R Amorphous trafos

CG Electric Systems Hungary Zrt Transformers Division R /PNO=VS[HNL7V^LY;YHUZMVYTLYZ\W[V R= R 7V^LY;YHUZMVYTLYZÄ&#x2030;SSLK^P[OTPULYHSVPS\W [V4=( R 7V^LY;YHUZMVYTLYZÄ&#x2030;SSLK^P[O IPVKLNYHKHISLSPX\PK R ;YHJRZPKL;YHUZMVYTLYZ R 3VJVTV[P]L;YHUZMVYTLYZ R ;YHJ[PVU;YHUZMVYTLYZ R 4VIPSL;YHUZMVYTLYZ R -\YUHJL;YHUZMVYTLYZ R 9LJ[PÄ&#x2030;LY;YHUZMVYTLYZ R :WLJPHS7\YWVZL;YHUZMVYTLYZ R 7OHZL:OPM[PUN;YHUZMVYTLYZ Switchgear Division R :-.HZ*PYJ\P[)YLHRLYZ R .HZ0UZ\SH[LK:^P[JONLHY.0:\W[VR= R +LHK;HUR)YLHRLYR= Systems Division R .0:HUK(0::\IZ[H[PVUZ\W[VR= R 0UK\Z[YPHSHUK.LULYH[PVU/= 4= :\IZ[H[PVUZ0UZ[HSSH[PVUZ\W[VR= R ;YHUZTPZZPVU3PUL7YVQLJ[Z\W[VR= R :\ITHYPULHUK\UKLYNYV\UKJHISL [YHUZTPZZPVUWYVQLJ[Z\W[VR= R ;YHUZTPZZPVUWYVQLJ[HZZL[SLHZPUNHUK renting R ;YHUZTPZZPVU4=HUK/=:*(+(WYVQLJ[Z R :\IZ[H[PVUYLM\YIPZOTLU[WYVQLJ[Z R /PNO=VS[HNL;YHUZTPZZPVU:`Z[LTZ Engineering R ,UNPULLYPUN*VUZ\S[HUJ`MVY[YHUZTPZZPVU NYPKVWLYH[VYZ

CG Power Solutions USA Inc Services R ,UNPULLYPUNHUK,7*7YVQLJ[ZMVY Transmission & Distribution Systems èR= R Substations R -SL_PISL(*;YHUZTPZZPVU:`Z[LTZ-(*;: R /HYTVUPJ-PS[LYZ R Substation Automation R 7YV[LJ[P]L9LSH`:`Z[LTZ R SCADA Systems R (LYPHS3PULZ R <UKLYNYV\UK3PULZ R 9LUL^HISL,ULYN`:`Z[LTZ>PUK:VSHY /`KYV.LV[OLYTHS

CG Power Systems USA R +PZ[YPI\[PVU;YHUZMVYTLYZÄ&#x2030;SSLK^P[OTPULYHS

ò ò R R R R R

R

Service Division R :P[LLYLJ[PVUHUKTHPU[LUHUJLVM7V^LY Transformers

178

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

VPSZPSPJVULVPSZ`U[OL[PJLZ[LYVPSZHUK ]LNL[HISLVPS ;OYLLWOHZLWHKTV\U[LK[YHUZMVYTLYZ\W [V4=(HUKR= ;OYLLWOHZLWVSL WSH[MVYTTV\U[LK [YHUZMVYTLYZ\W[V4=(HUKR= :LJVUKHY`<UP[:\IZ[H[PVU;YHUZMVYTLYZ\W [V4=(HUKR= :[H[PVU<UP[;YHUZMVYTLYZ\W[V4=(HUK  R= 4VK\SHY+PZ[YPI\[PVU*LU[LY<UP[Z\W[V 4=(HUKR= :304s )PV:304s;YHUZMVYTLYZ\W[V 4=(HUKR= >PUK7(+;YHUZMVYTLYZ\W[V4=(HUK R=!+LZPNUZ6W[PTPaLKMVY>PUK (WWSPJH[PVUZ :VSHY7(+;YHUZMVYTLYZ >PUKPUN\W [V4=(HUKR=!+LZPNUZ6W[PTPaLK MVY:VSHY(WWSPJH[PVUZ


R 7V^LY;YHUZMVYTLYZ\W[V4=(HUK

R=^P[OHUK^P[OV\[3;* R .LULYH[VY:[LW<W;YHUZMVYTLYZ\W[V 4=(HUKR= R +LHK;HUR)YLHRLYZ\W[VR= R Surge Arresters R -PLSK*VTTPZZPVUPUN ;LZ[PUN:LY]PJLZ R *\Z[VTLY;YHPUPUN:LY]PJLZ

CG Power Systems Canada Inc R /=+**VU]LY[LY;YHUZMVYTLYZ\W[VR=

+*HUK4=( R .LULYH[VY:[LW<W;YHUZMVYTLYZ\W[V

R=HUK4=( R 7V^LY;YHUZMVYTLYZ\W[VR=HUK

4=( R (\[V;YHUZMVYTLYZ\W[VR=HUK

4=( R =VS[HNL9LN\SH[PUN;YHUZMVYTLYZ\W[V

R=HUK4=( R 7OHZL:OPM[PUN;YHUZMVYTLYZ\W[VR= R R R R

HUK4=( .YV\UKPUN;YHUZMVYTLYZ\W[V R=HUK 4=( 4VIPSL:\IZ[H[PVUZ\W[VR=HUK 4=( 0UZ[HSSH[PVUHUK,YLJ[PVU:LY]PJLZ *\Z[VTLY;YHPUPUN:LY]PJLZ

PT CG Power Systems Indonesia Transformers R WOHZL7V^LY;YHUZMVYTLYZ\W[V

4=(èR= R :PUNSLWOHZL;YHUZMVYTLYZ\W[V4=(

R= R 7OHZL:OPM[PUN;YHUZMVYTLYZ R 4VIPSL;YHUZMVYTLYZ\W[V4=(

R= R :WLJPHS7\YWVZL;YHUZMVYTLYZ

:O\U[9LHJ[VYZ\W[VR=

Systems Division R (0::^P[JO`HYKZ\W[VR= R .0::^P[JO`HYKZ\W[VR= R 9LM\YIPZOTLU[,_[LUZPVUVM.0: R 4VIPSLHUK*VTWHJ[:\IZ[H[PVU\W[V

4=(R= R 4VIPSL*HWHJP[VY)HURZ R :\IZ[H[PVU(\[VTH[PVUHUK:*(+(WYVQLJ[Z R :\IZ[H[PVUYLM\YIPZOTLU[WYVQLJ[Z R ,UNPULLYPUN*VUZ\S[HUJ`MVY[YHUZTPZZPVU

NYPKVWLYH[VYZ

Au tomati on India Products and Solutions for: R *VU[YVSHUK7YV[LJ[PVU:`Z[LTZMVY ò +PZ[HUJL-LLKLY3PUL*VU[YVSHUK 7YV[LJ[PVU ò ;YHUZMVYTLY9LHJ[VY*VU[YVSHUK 7YV[LJ[PVU ò )\ZIHY7YV[LJ[PVU ò )\Z*V\WSLY;YHUZMLY)\ZJV\WSLY*VU[YVS HUK7YV[LJ[PVU ò *HWHJP[VY)HUR*VU[YVSHUK7YV[LJ[PVU ò 4V[VY7YV[LJ[PVU R ;YHUZMVYTLY=VS[HNL9LN\SH[VY 9;** R 0,*IHZLK:\IZ[H[PVU(\[VTH[PVU :`Z[LT:(::VS\[PVUZ ò 0,*JLY[PÄ&#x2030;LK0,+ZMVY7V^LY:`Z[LT *VU[YVS 7YV[LJ[PVU ò 0,*:\IZ[H[PVU:LY]LYJ\T.H[L^H` MVYSVJHSHUKYLTV[LTVUP[VYPUNHUKJVU[YVS of substation ò 0,**LY[PÄ&#x2030;LK,[OLYUL[Z^P[JOLZ ò .7:JSVJR^P[O5;7ZLY]LY R (UHSVN+PNP[HS7V^LY3PUL*HYYPLY *VTT\UPJH[PVU73**:`Z[LT:VS\[PVUZ ò *V\WSPUN+L]PJL ò Carrier Equipment ò 7YV[LJ[PVU*V\WSLY ò 73**4VKLT R +PZ[YPI\[PVU(\[VTH[PVU:VS\[PVUZ ò -9;<MVY-LLKLY94<+PZ[YPI\[PVU ;YHUZMVYTLY4VUP[VYPUN *VU[YVS ò 9;<MVY*LU[YHSZ\IZ[H[PVUKH[H THUHNLTLU[WYV[VJVSJVU]LYZPVUKH[H JVUJLU[YH[PVUL[J ò *.:*(+(/40:VS\[PVU R (40(49:`Z[LTZ ò +PNP[HS4\S[PM\UJ[PVU:THY[4L[LYZMVY Generation & Transmission ò +PNP[HS4\S[PM\UJ[PVU:THY[4L[LYZMVY 0UK\Z[Y` *VTTLYJL ò +PNP[HS4\S[PM\UJ[PVU:THY[4L[LYZMVY YLZPKLU[PHS ò :VM[^HYL(WWSPJH[PVUMVY(40 (49 ò 7V^LY8\HSP[`4L[LYZ ò +H[H*VUJLU[YH[VY ò 4VKLTZMVY(40(49JVTT\UPJH[PVU ò .79: ò 7:;5 ò RTC ò .79:^P[O;*707 ò (JJLZZVYPLZ! ò :LYPHS3PURVW[PJHSWYVIL ò <:)3PUR6W[PJHSWYVIL

ò 4L[LY*HIPUL[Z ò +H[H*VUJLU[YH[VY

Activities and Services R *VU[YVSHUK7YV[LJ[PVU:`Z[LT+LZPNU ,UNPULLYPUN;LZ[PUN *VTTPZZPVUPUN R :\IZ[H[PVU(\[VTH[PVU:`Z[LT+LZPNU ,UNPULLYPUN;LZ[PUN *VTTPZZPVUPUN R +PZ[YPI\[PVU(\[VTH[PVU:`Z[LT+LZPNU ,UNPULLYPUN;LZ[PUN *VTTPZZPVUPUN R 7V^LY3PUL*HYYPLY*VTT\UPJH[PVU :`Z[LT+LZPNU,UNPULLYPUN;LZ[PUN  Commissioning R :THY[.YPK(40(49:`Z[LT+LZPNU ,UNPULLYPUN;LZ[PUN *VTTPZZPVUPUN R 7YVQLJ[4HUHNLTLU[ R (M[LYZHSLZZLY]PJLZHUKZ\WWVY[[V J\Z[VTLYZ

Non India Substation Automation Systems (SAS) R *VTT\UPJH[PVUZ ò 7V^LY3PUL*HYYPLY:`Z[LTZ (JJLZZVYPLZ ò ;LSLWYV[LJ[PVU:`Z[LTZ ò 3PUL;\UPUN<UP[Z ò :`UJOYVUPaH[PVU:`Z[LTZ.7: R Automation ò :(::LY]LY.H[L^H` ò RTU ò /40 :*(+( ò :VM[^HYL,UNPULLYPUN;VVSZ R 7YV[LJ[PVU *VU[YVS:`Z[LTZ ò 7YV[LJ[PVU9LSH`Z ò )H`*VU[YVS<UP[Z ò 7 *0,+: ò 9LJVYKLYZ R .SVIHS,UNPULLYPUN:LY]PJLZ ò :`Z[LT0U[LNYH[PVU ò 7HULS(ZZLTIS` ò :LSLJ[P]P[` :L[[PUNZ*HSJ\SH[PVU ò Commissioning ò Training Distribution Automation Solutions (DAS) R (40 ò :THY[4L[LYZ ò +H[H*VUJLU[YH[VYZ+*< ò *VTT\UPJH[PVU:VS\[PVUZ73*6W[PJHS Ä&#x2030;ILY(+:3.79: R 3=:\WLY]PZPVU ò (K]HUJLK3=:\WLY]PZPVU+*< ò 3=[OYLLWOHZLSPULZ\WLY]PZVY MLLKLY KL[LJ[VY ò 4VK\SHY9;<Z R 4=(\[VTH[PVU :\WLY]PZPVU ò *VTT\UPJH[PVUZ.79: 4=73*

PRODUCTS & SERVICES

179


ò :LUZVYZ *V\WSPUNZ

R .LULYH[VYYLM\YIPZOTLU[HUKV]LYOH\SPUNH[

R ;,-*4V[VYZH]HPSHISLPU:X\PYYLSJHNL 

ò 4VUP[VYPUN (\[VTH[PVU9;<

ZP[LHUKMHJ[VY`\W[V4=( R :[H[VYHUK9V[VYYL^PUKPUNIHSHUJPUN [LZ[PUNHUKJVTWSL[LKPHNUVZ[PJH[MHJ[VY` HUKZP[L

:SPWYPUNJVUZ[Y\J[PVUZZ\P[HISLMVY:HML(YLH /HaHYKV\Z(YLH R (*4V[VYZ(WL_:LYPLZ-YHTL[V3? [VR>0,,MĉJPLUJ`HUK-YHTL [V4[VR^0,,MĉJPLUJ`

Rail Transportation & Traction R (* +*;YHJ[PVUTV[VYZMVY(*3VJVZ +PLZLS3VJVZ,4<Z +,4<Z R ;YHJ[PVU(S[LYUH[VYZMVY+PLZLS3VJVZ  +,4<Z R ,SLJ[YPJHS;YHJ[PVU*VU[YVSZMVY+PLZLS,SLJ[YPJ ;V^LY*HYHUK4\S[PWSL<UP[Z R )Y\ZOSLZZ+**HYYPHNL-HUZ (\_PSPHY`3; 4V[VYZ R 7V^LYHUK(\_PSPHY`*VU]LY[LYMVY,SLJ[YPJ 3VJVTV[P]LZ R R=(<UKLYZS\UN*VHJO0U]LY[LYMVY(* *VHJOLZ R ;YHPU*VU[YVS,SLJ[YVUPJZ

R (*4V[VY5,4(9HUNL[V

ò 7V^LY,SLJ[YVUPJZ ò )H[[LY`IHJR\W ò *VTWHJ[:LJVUKHY`:\IZ[H[PVU ò .YPK(\[VTH[PVU:VS\[PVUZMVYV]LYOLHK4=

Lines ò 4=WVSLTV\U[LKZVS\[PVUZ R ,SLJ[YPJ=LOPJSL ò *OHYNPUN:[H[PVUZ6\[KVVY >HSSIV_

Transit (\[VTH[PVUHUK:\WLY]PZVY`*VU[YVSMVY ,SLJ[YPJ;YHUZWVY[H[PVU >H[LY<[PSP[PLZ R *VU[YVS9VVT:*(+( R Remote Gateways & RTU’s R ,TLYNLUJ`;YPW:`Z[LT R ;YHPU;YHJRPUN R -H\S[+L[LJ[PVU

Industrial MV Motors & Generators: CG India R MV & LV Induction 4V[VYPUJS\KPUNZHML

HYLHĊHTLWYVVMPUJYLHZLKZHML[`HUK UVUZWHYRPUNPUK\Z[YPHSK\[`THJOPULZ WV^LYYHUNL\W[V4>7VSHYP[`\W[V WVSLZ=VS[HNL\W[VR=HUKPUMYHTL :PaL[VPUOVYPaVU[HSMYHTL  [VMYHTLZPaLPU]LY[PJHSMYHTL:X\PYYLS *HNLHUK:SPW9PUN0UK\J[PVUTV[VYZPU LUJSVZ\YL[`WL;,-**(*(*(*>:7+7 ;,;= R Synchronous GeneratorsMYVT4=([V 4=(PUMYHTLZPaL[V\W[V R=PULUJSVZ\YLZ[`WL*(*(*(*> :7+7 R Industrial duty DC machines upto R>PUMYHTLZPaLMYVT[V =VS[HNL\W[V=PULUJSVZ\YLZ[`WL ;,-**(*(*(*> :7+7

MV Motors: CG Hungary R 4=:SPW9PUNHUK:X\PYYLS*HNL0UK\J[PVU

4V[VYZWV^LY\W[V4>7VSLU\TILY \W[VPUZ[HUKHYKPZLKKLZPNUZHUKUVU Z[HUKHYKKLZPNUZPU]LY`SV^ZWLLKZ]VS[HNL \W[VR= R :`UJOYVUV\Z.LULYH[VYZWV^LYMYVT4=( \W[V4=(=VS[HNL\W[VR=PUOPNO ZWLLKWVSLHUK]LY`SV^ZWLLKL]LU[PSS WVSLZ]LY[PJHSHUKOVYPaVU[HSJVUĉN\YH[PVU R (* +*;YHJ[PVU4V[VYZ R ;YHJ[PVU(S[LYUH[VYZ

180

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Railway Signalling Products R :PNUHSSPUN9LSH`Z R 7VPU[4HJOPULZ R Data Logger R )3+*-HU R 0U[LNYH[LK7V^LY:\WWS`:`Z[LT Battery Powered Vehicle R )Y\ZOSLZZ+*4V[VYZ R *VU[YVSSLY Industrial Drives & Automation R 3=+YP]LZ:`Z[LTZ\W[V4>=VS[HNL\W[V  =(* R 4=+YP]LZ\W[V4>=VS[HNL\W[V R= R 4=:VM[Z[HY[LYZ\W[V4>=VS[HNL\W[V R= R 3=:VM[Z[HY[LYZ\W[V4>\W[V = R +*+YP]LZ:`Z[LT\W[VR>=VS[HNL \W[V=+* R :OHM[7V^LY4VUP[VYZ R 9V[H[PUN/LH[,_JOHUNLY+YP]LZ^P[O :^P[JOLK9LS\J[HUJL4V[VYZ R *.PZPU[VZVS\[PVUI\ZPULZZMVY:LJ[VY^PZL HWWSPJH[PVUZWLJPĉJZVS\[PVUZ WYVQLJ[Z PUJS\KPUN0U]LY[LY+\[`;YHUZMVYTLY=HYPHISL -YLX\LUJ`+YP]LZ:^P[JONLHY7HULSZHUK 9V[H[PUN4HJOPULZHZJVTWSL[LWHJRHNL LT Motors R (*4V[VYZ-YHTL[VR>[V R>

[VR>,7(*; 6>7 R (*4V[VY2PIVZO:LYPLZ-YHTL[V3

2>[V2> R +*4V[VYZ-YHTL[VR>[V

R> R (S[LYUH[VYZ)Y\ZOSLZZ:LYPLZ-YHTL[V

R=([VR=( R (S[LYUH[VY<Z[HK:LYPLZ!:SPWYPUN(S[LYUH[VYZ

MYVTR=([VR=(

FHP Motors R 5,4())-YHTL![V> 7VSL:OLL[4L[HS)VK`4V[VYZ R 4-YHTL5,4()![V> 7VSL:OLL[4L[HS)VK`4V[VYZ R :-YHTL![V>7VSL:OLL[ 4L[HS)VK`4V[VYZ R 0,*è-YHTL![V>7VSL*0 )VK`:PUNSL7OHZL4V[VYZ R -SHTL7YVVM,UJSVZ\YL![V>7VSL 4V[VYZ R 0,*è-YHTL![V>7VSL HUK>(S\TPU\T)VK`:PUNSL7OHZL 4V[VYZ R 6WLU*VUZ[Y\J[PVU*\Z[VTPaLKMYHTLZ! [V>7VSL4V[VYZMVY+VTLZ[PJ (WWSPHUJLZ Stampings & Lamination R TTTT[OPJRSHTPUH[PVUMYVT TTPUJOLZ[VTTPUJOLZ KPHTL[LYPU*95.6HUK*9*(TH[LYPHSPUHSS NYHKLZ JVH[PUNZMVYN\HYHU[LLK^H[[SVZZ  WLYTLHIPSP[`HZWLYJ\Z[VTLYYLX\PYLTLU[ R :PUNSLISV^.HUNZSV[[PUN\W[VTT Diameter R /PNOZWLLK\W[VTTKPHTL[LY^P[O HKKP[PVUHSMLH[\YLZSPRLHPYNHWJ\[[PUNH\[V Z[HJRLKZ[H[VYZHUKZ[HJRLK ZRL^YV[VYZ R 5V[JOPUNVWLYH[PVU\W[VTT PUJOLZKPHTL[LYI`ZPUNSLWVPU[UV[JOPUN VWLYH[PVUZPUVULZ[HNLSPRL6+:SV[ 0+ HUKZRPWUV[JOPUNVWLYH[PVU R 5V[JOPUNVWLYH[PVU^P[OWYVNYHTTHISL [VVSPUNVU:JO\SHYTHJOPULZ:JYVSSSPULMVY IL[[LY94\[PSPaH[PVU R *VTWV\UKISHURPUNHUKZLNTLU[HS SHTPUH[PVUISHURPUN\W[VTT KPHTL[LY^PK[O


R *VU[PU\V\Z/LH[[YLH[TLU[SPULMVY

SHTPUH[PVUZ\W[VTTKPHTL[LYMVY PTWYV]PUN^H[[ZRN WLYTLHIPSP[` R 7HJRI\PSKPUNVWLYH[PVU^P[OYP]L[PUN JSLH[PUN ^LSKPUNVWLYH[PVUMVYZRL^Z[H[VYZ R ,SLJ[YPJHSSHTPUH[PVU!:; 9;MVY3;4V[VYZ R R R R R R

[VMY *PYJ\SHY :LNTLU[HS,SLJ[YPJHS3HTPUH[PVUZ MVY/;4V[VYZ 7\UJOPUN WHJRI\PSKPUN;0.^LSKPUNMVY (S[LYUH[VYZ +PLJHZ[9V[VYZMVY4V[VYZ :LNTLU[HSSHTPUH[PVUMVY/`KYV;\YIV  >PUK4PSS(S[LYUH[VYZ (\[V:[P[JO (\[V:RL^LKWHJRZMVYMHU , 0W\UJOPUN

Consumer Lighting Lamps R 0UJHUKLZJLU[3HTWZ R -S\VYLZJLU[;\I\SHY3HTWZ R *VTWHJ[-S\VYLZJLU[3HTWZ R 4L[HS/HSPKL3HTWZ R :VKP\T 4LYJ\Y`=HWVY3HTWZ R /HSVNLU3HTWZ R LED Lamps & Tubes Luminaires & Accessories R 3,+0UKVVY*VTTLYJPHS3\TPUHPYLZ R 3,+/PNO4LKP\T 3V^)H`0UK\Z[YPHS

Fittings R LED Street Lights R 3,+-SVVKSPNO[Z 3HUKZJHWL3\TPUHPYLZ R +VTLZ[PJ +LJVYH[P]L3\TPUHPYLZ R 9L[HPS3PNO[PUN-P_[\YLZ R /LHS[OJHYL *SLHUYVVT3\TPUHPYLZ R 6MÄ&#x2030;JL3PNO[PUN R 3PNO[PUN4HUHNLTLU[:`Z[LT R 0UK\Z[YPHS3\TPUHPYLZ R Street Lighting R Street Light Automation R -SVVK3PNO[PUN R 3HUKZJHWL3PNO[PUN R 0UK\J[PVU3PNO[PUNMVY0UK\Z[YPHS:[YLL[ 

-SVVK(WWSPJH[PVUZ R /PNO4HZ[Z:[HKP\T4HZ[Z 7VSLZ R 3PNO[PUN,SLJ[YVUPJZ .LHY R 3PNO[PUN4HUHNLTLU[:`Z[LTZ R 3PNO[PUN7YVQLJ[Z R 0U[LNYH[LK:LJ\YP[`:`Z[LTZ /VTL

Automation

Fans R -HUZ*LPSPUN!3\_\Y`<UKLYSPNO[7YLTP\T -HUZ+LJVYH[P]L .LULYPJ-HUZ R ;HISL7LKLZ[HS >HSS4V\U[PUN-HUZPU TL[HSHUKWSHZ[PJ R +VTLZ[PJ,_OH\Z[-HUZ R *VVSLY2P[Z R 0UK\Z[YPHS-HUZ!/LH]`+\[`,_OH\Z[-HUZ (PY*PYJ\SH[VYZ(PY*\Y[HPUZ(_PHS-SV^-HUZ 4HU*VVSLYZ *LU[YPM\NHS)SV^LYZ R :WLJPHS7\YWVZL-HUZ!7LYZVUHS-HUZ*HIPU -HUZ;V^LY-HUZ -HYYH[H

R 7YLZZ\YL)VVZ[PUN7\TWZ R :PUNSL7\TW)VVZ[LY R 4\S[PZ[HNL7\TWZ R :L^HNL:\ITLYZPISL7\TWZ

International ,_WVY[ZVMHSS*YVTW[VUTHU\MHJ[\YLK WYVK\J[Z

Appliances R .L`ZLYZ!0UZ[HU[>H[LY/LH[LY7SHZ[PJ 4L[HS:[VYHNL>H[LY/LH[LYZ7SHZ[PJ 4L[HS.HZ.L`ZLYZ0TTLYZPVU>H[LY /LH[LY R /V\ZLOVSK(WWSPHUJLZ!-VVK7YVJLZZVYZ 4P_LY.YPUKLYZ1\PJLY4P_LY.YPUKLYZ1\PJL ,_[YHJ[VY>L[.YPUKLYZ/HUK)SLUKLYZ ,SLJ[YPJ2L[[SL9PJL*VVRLY+Y`0YVUZ :[LHT0YVUZ;VHZ[LYZ0UK\J[PVU*VVR;VWZ R /LH[LYZ *VVSLYZ!9VVT/LH[LYZ(PY *VVSLYZ R 7V^LY:VS\[PVU!/VTL<7:)H[[LYPLZ ;VYJOLZ3HU[LYUZ Pumps R *LU[YPM\NHS4VUVISVJ7\TWZL[Z!:PUNSL Two Stage R :LSM7YPTPUN7\TWZL[Z R :\ITLYZPISL7\TWZL[ZMVY TTIVYL^LSSZ R :\ITLYZPISL7\TWZL[Z!TT^P[O 6PSÄ&#x2030;LSK4V[VYZ R :[HPUSLZZ:[LLS:\ITLYZPISL7\TWZL[ZMVY  TTIVYL^LSSZ R *HISLZZ\P[HISLMVYZ\ITLYZPISLW\TWZL[Z ZXTT[VZXTT R 7/7/*VU[YVS7HULSZMVY:\ITLYZPISL 4V[VYZ R ,SLJ[YVUPJ*VU[YVS7HULS R .:47\TW*VU[YVSSLY R :[HY+LS[H:[HY[LY R 1L[*LU[YPM\NHS7\TWZL[Z!:PUNSL;^V Stage R +L^H[LYPUN7\TWZL[Z!)HYL4VUVISVJ *V\WSLK R =LY[PJHS0U3PUL7\TWZL[Z R 6WLU^LSS:\ITLYZPISL7\TWZL[Z R 7L[YVS2LYVZLUL,UNPUL7\TWZ R *VTWYLZZVY7\TWZ (PY*VTWYLZZVYZ R /VYPaVU[HS:WSP[JHZL7\TWZ R ,UK:\J[PVU7\TWZ R -PYL-PNO[PUN7\TWZ

PRODUCTS & SERVICES

181


ESTABLISHMENTS

182

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


India Registered Office *./V\ZL[O-SVVY +Y(UUPL)LZHU[9VHK >VYSP4\TIHP 4HOHYHZO[YH0UKPH Tel   Fax 

Power Systems Transformer Division 2HUQ\Y4HYN,HZ[4\TIHP 4HOHYHZO[YH0UKPH Tel   Fax   EmailQH`HU[R\THYR\SRHYUP'JNNSVIHSJVT 7SV[5V;;47(2=50UK\Z[YPHS(YLH +PZ[YPJ[)OPUK4HSHUW\Y 4HKO`H7YHKLZO0UKPH Tel   Fax   EmailYHRLZOR\THY'JNNSVIHSJVT 7SV[5V  5L^0UK\Z[YPHS(YLH5V (2=5+PZ[YPJ[9HPZLU4HUKPKLLW 4HKO`H7YHKLZO0UKPH Tel   Fax  EmailZOP]HR\THY'JNNSVIHSJVT

Switchgear Division (40+*(TIHK 5HZOPR 4HOHYHZO[YH0UKPH Tel  Fax   EmailQH`HU[R\THYR\SRHYUP'JNNSVIHSJVT

S6 & Power Quality =HJ\\T0U[LYY\W[LYZ 0UZ[Y\TLU[;YHUZMVYTLY +P]PZPVU + +40+*>HS\Q (\YHUNHIHK0UKPH Tel   Fax   EmailWYHTVKYHV'JNNSVIHSJVT

Engineering Projects Division YK-SVVY;V^LY(*`ILY.YLLUZ +3-*`ILY*P[`:LJ[VY( +3-7OHZL000.\YNHVU /HY`HUH0UKPH Tel  Fax  Email\RPSIPZ^HYVVW'JNNSVIHSJVT

Rail Transportation & Traction Electronics 7SV[5V 7OHZL005L^0UK\Z[YPHS(YLH 4HUKPKLLW 4HKO`H7YHKLZO0UKPH Tel   Fax  Email`VNLZOQHPZ^HS'JNNSVIHSJVT

Power Distribution Franchisee

Railway Signalling Division

*YVTW[VU.YLH]LZ3PTP[LK +PZ[YPI\[PVU-YHUJOPZLL6SK7V^LY/V\ZL +P_P[^HKP1PSSOH7L[O1HSNHVU 4HOHYHZO[YH0UKPH Tel  EmailZOYPYHUNRHYHUKPRHY'JNNSVIHSJVT

)0UK\Z[YPHS(YLH5V 7P[OHTW\Y+PZ[YPJ[+OHY 4HKO`H7YHKLZO0UKPH Tel     Fax    EmailKPWHRJOH[[VWHKO`H`'JNNSVIHSJVT

Automation

Stampings Division

Automation Business Unit (India)

2HUQ\Y4HYN,HZ[4\TIHP0UKPH Tel   Fax   EmailNHULZOWLUKZL'JNNSVIHSJVT

.SVIHS=PSSHNL;LJO7HYR)SVJRè( .YV\UK-SVVYè9PNO[>PUN 4`SHZHUKYH9=*,7VZ[ )HUNHSVYL 2HYUH[HRH05+0( Tel  Fax  EmailOHTWLZO[OPWWLZ^HT`'JNNSVIHSJVT

CG-ZIV Power Automation Solutions Ltd. .SVIHS=PSSHNL;LJO7HYR)SVJRè( .YV\UK-SVVYè3LM[>PUN 4`SHZHUKYH9=*,7VZ[ )HUNHSVYL 2HYUH[HRH05+0( Tel   Fax  EmailOHTWLZO['JNaP]JVT

Industrial Systems Machines 7 Division +0UK\Z[YPHS(YLH47(2=5 4HUKPKLLW 4HKO`H7YHKLZO0UKPH Tel   Fax  EmailYHUQHUZPUNO'JNNSVIHSJVT

Drives & Automation Division 7SV[5V 7OHZL005L^0UK\Z[YPHS(YLH 4HUKPKLLW 4HKO`H7YHKLZO0UKPH Tel  Fax  EmailZ\Y`HRHU[HNOHYRHY'JNNSVIHSJVT

))40+*0UK\Z[YPHS(YLH (OTLKUHNHY0UKPH Tel  Fax  Email KLSPW^HRVKL'JNNSVIHSJVT

LT Motors Division (40+*0UK\Z[YPHS(YLH (OTLKUHNHY 4HOHYHZO[YH0UKPH Tel  Fax  Email ]PQH`SLSL'JNNSVIHSJVT ) 40+*0UK\Z[YPHS(YLH (OTLKUHNHY 4HOHYHZO[YH0UKPH Tel  Fax  EmailWYHKPWHYV[L'JNNSVIHSJVT :*VS]HSL0UK\Z[YPHS,Z[H[L *VS]HSL)HYKLa .VH0UKPH Tel   Fax  EmailZHUKLLW[HTIVSP'JNNSVIHSJVT

Commercial Motors Division   2\UKHPT0UK\Z[YPHS,Z[H[L 2\UKHPT7VUKH .VH0UKPH

E S TA B L I S H M E N T S

183


Tel   Fax    EmailYHTLZOUH`HR'JNNSVIHSJVT

Consumer Products Fans Division 7SV[5V.VH0+*0UK\Z[YPHS,Z[H[L )L[OVYH7VUKH .VH 0UKPH Tel  Fax  Email\KH`THOHQHUP'JNNSVIHSJVT 7SV[5V(2\UKHPT0UK\Z[YPHS,Z[H[L 2\UKHPT .VH0UKPH Tel     Fax   Email\KH`THOHQHUP'JNNSVIHSJVT 7SV[5V/7:0+*0UKS(YLH )HKKP+PZ[YPJ[:VSHU /PTHJOHS7YHKLZO0UKPH Tel     Fax   Email\KH`THOHQHUP'JNNSVIHSJVT 7SV[5V  /7:0+*0UK\Z[YPHS(YLH )HKKP+PZ[YPJ[:VSHU /PTHJOHS7YHKLZO0UKPH Tel     Email\KH`THOHQHUP'JNNSVIHSJVT

Appliances Division 2HUQ\Y4HYN,HZ[4\TIHP 4HOHYHZO[YH0UKPH Tel  Fax  EmailYHQLZOUHPR'JNNSVIHSJVT 7SV[5V/7:0+*0UK\Z[YPHS(YLH )HKKP+PZ[YPJ[:VSHU /PTHJOHS7YHKLZO0UKPH Tel    Fax   EmailYHQLZOUHPR'JNNSVIHSJVT

Lighting Division 2HUQ\Y4HYN,HZ[4\TIHP 4HOHYHZO[YH0UKPH Tel  

184

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

Fax  EmailYHTLZOR\THY'JNNSVIHSJVT )HYVKH3HTW>VYRZ2\YHS=PSSHNL 7HKYH;HS\RH7HKYH1HTI\ZHY9VHK +PZ[YPJ[)HYVKH  .\QHYH[0UKPH Tel  Fax  EmailJOYPZ[VWOLYK'JNNSVIHSJVT 3PNO[PUN+P]PZPVUè)HKKP<UP[000 =PSSHNL;OHUH;LOZPS)HKKP +PZ[YPJ[:VSHU7PU! /PTHJOHS7YHKLZOè0UKPH Tel!   EmailJOYPZ[VWOLYK'JNNSVIHSJVT

Pumps Division * 40+*(OTLKUHNHY 4HOHYHZO[YH0UKPH Tel  Fax  EmailWYLTHUHUKIOH['JNNSVIHSJVT

Branch & Marketing Offices Northern Region 9LNPVUHS/LHK6MĉJL!5L^+LSOP *YVTW[VU.YLH]LZ3[K YK-SVVY,_WYLZZ)\PSKPUN )HOHK\Y:OHOAHMHY4HYN 5LHY0;6*YVZZPUN 5L^+LSOP0UKPH Tel  Fax  EmailZ\UPSKHZ'JNNSVIHSJVT Jaipur *O\YJO9VHK76)6? 1HPW\Y9HQHZ[OHU0UKPH Tel  Fax  EmailYP[LZO[HUKVU'JNNSVIHSJVT Jalandhar )?00UKĊVVY5LHY):-*OV^R 3HKV^HSP9VHK1HSHUKOHY 7\UQHI0UKPH Tel   Fax  EmailRHTHSNV`HS'JNNSVIHSJVT Lucknow :HYHU*OHTILYZ00YKĊVVY 7HYR9VHK3\JRUV^ <[[HY7YHKLZO0UKPH

Tel    Fax   EmailHTP[TLO[H'JNNSVIHSJVT

Rail Transportation Systems *YVTW[VU.YLH]LZ3[K YK-SVVY,_WYLZZ)\PSKPUN )HOHK\Y:OHOAHMHY4HYN 5LHY0;6*YVZZPUN 5L^+LSOP0UKPH Tel    Fax  Email ZHSPSR\THY'JNNSVIHSJVT

Eastern Region 9LNPVUHS/LHK6MĉJL!2VSRH[H *OV^YPUNOLL9VHK 2VSRH[H >LZ[)LUNHS0UKPH Tel  è Fax   EmailZ\ZOHU[HYV`'JNNSVIHSJVT Bhubaneshwar 1HUWH[O;V^LYYK-SVVY(ZOVR5HNHY<UP[00 )O\IHULZO^HY 6YPZZH0UKPH Tel  Fax  EmailZH[PZOTVOHU[`'JNNSVIHSJVT Guwahati (ZZHT0U]LZ[TLU[ *VUZ[Y\J[PVU*V .:9VHK+PZW\Y5LHY*HY.OHY Ganeshguri .\^HOH[P (ZZHT0UKPH Tel   Ranchi >LZ[LUK7HYR 2HQ\)HNHU5LHY+(=1\UPVY:JOVVS /LOHS9H[\9VHK 9HUJOP 1OHYROHUK0UKPH Tel   EmailIPUH`HRIPZ^HS'JNNSVIHSJVT Patna 3\]2\ZO;V^LY ,_OPIP[PVU9VHK 7H[UH )POHY0UKPH Tel  


Western Region 9LNPVUHS/LHK6MĉJL!4\TIHP 2HUQ\Y4HYN,HZ[4\TIHP 4HOHYHZO[YH0UKPH Tel  Fax  EmailHQP[RHTH[O'JNNSVIHSJVT Ahmedabad   :HRHY005LHY,SSPZ)YPKNL (OTLKHIHK .\QHYH[0UKPH Tel   Fax   EmailZHNHYTVOIL'JNNSVIHSJVT )HYVKH:H[LSSP[LVMĉJL (=Y\UKH]HU*VSVU` 5LHY/HYPUHNHY>H[LY;HUR .V[YP9VHK)HYVKH  .\QHYH[0UKPH Tel   Fax   EmailZHNHYTVOIL'JNNSVIHSJVT 9HQRV[:H[LSSP[LVMĉJL :\KHYZOHU*VTTLYJPHS*LU[YL 3PTKH*OV^R 9HQRV[è .\QHYH[0UKPH Tel   Email ZHNHYTVOIL'JNNSVIHSJVT Indore )(WVSSV;YHKL*LU[YL)9HQNHYO2V[OP 4\TIHP(NYH9VHK 0UKVYL 4HKO`H7YHKLZO0UKPH Tel  Fax  EmailZ\UPSTPZOYH'JNNSVIHSJVT 1HIHSW\Y:H[LSSP[L6MĉJL 5HWPLY;V^U Z[-SVVY(O\QH;V^LYZ 1HIHSW\Y .\QHYH[0UKPH Tel  Email:\UPSTPZOYH'JNNSVIHSJVT Pune 7YLTP\T7VPU[)\PSKPUNĊVVY 6WW4VKLYU/PNO:JOVVS 149VHK:OP]HQPUHNHY7\UL 4HOHYHZO[YH0UKPH

Tel  Email]PK`HKOHYHW[L'JNNSVIHSJVT

Fax  EmailYHTLZOHN'JNNSVIHSJVT

2VSOHW\Y:H[LSSP[LVMĉJL 6MĉJL5VYK-SVVY4H[VZOYP7SHaH ,>HYK5LHY=LU\Z*VYULY:OHO\W\YP 2VSOHW\Y Tel   Email YH]PR\THYJOH]HKP'JNNSVIHSJVT

Secunderabad 4PULY]H*VTWSL_ĊVVY :HYVQUP+L]P9VHK :LJ\UKLYHIHK /`KLYHIHK0UKPH Tel   Fax  EmailYHTHZ^HT`UZ'JNNSVIHSJVT

5HNW\Y:H[LSSP[LVMĉJL >LZ[/PNO*V\Y[9VHK 3HS)HOHK\Y:OHZ[YP*OV^R +OHYHTWL[O5HNW\Y 4HOHYZO[YH0UKPH Tel    Fax   Email WHURHQZOHO'JNNSVIHSJVT Raipur (*Y`Z[HS(YJHKL 5LHY3VKOP7HYH:X\HYL :OHURHY5HNHY9VHK 9HPW\Y  *OOH[[PZNHYO0UKPH Tel    EmailNHQHUHU^HUKOHYL'JNNSVIHSJVT

Southern Region 9LNPVUHS/LHK6MĉJL!*OLUUHP *YVTW[VU/V\ZL+Y4.9:HSHP 2VKHTIHRRHT/PNO9VHK 5\UNHTIHRRHT*OLUUHP ;HTPS5HK\0UKPH Tel   Fax    EmailYHUNHYHQHUZYPYHT'JNNSVIHSJVT Bangalore 1HUHYKOHUH;V^LYZZ[ĊVVY )HUULYNOH[[H9VHK )PSLRHOHSSP)HUNHSVYL 2HYUH[HRH0UKPH Tel           Fax    Email YH]PJOHUKYHURU'JNNSVIHSJVT Cochin *OLY\W\ZOWHT)\PSKPUN[OĊVVY :OHUT\NOHT9VHK ,YUHR\SHT*VJOPU 2LYHSH0UKPH Tel   

Service Centres Northern Region 5L^+LSOP *YVTW[VU.YLH]LZ3PTP[LK YK-SVVY,_WYLZZ)\PSKPUN )HOHK\Y:OHOAHMHY4HYN 5LHY0;6*YVZZPUN 5L^+LSOP0UKPH Tel    Fax  EmailHUPSR\THY'JNNSVIHSJVT Email]PULL[NHYN'JNNSVIHSJVT Jaipur *O\YJO9VHK76)V_ 1HPW\Y 9HQHZ[OHU0UKPH Tel  Fax  EmailYP[LZO[HUKVU'JNNSVIHSJVT Email Z\YLZOH]HZ[OP'JNNSVIHSJVT Jalandhar )?00UK-SVVY 5LHY):-*OV^R3HKV^HSP9VHK 1HSHUKOHY7\UQHI0UKPH Tel   Fax  EmailRHTHSNV`HS'JNNSVIHSJVT EmailHQH`IOHYK^HQ'JNNSVIHSJVT Lucknow :HYHU*OHTILYZ00YK-SVVY 7HYR9VHK3\JRUV^ <[[HY7YHKLZO0UKPH Tel     Fax   EmailHTP[TLO[H'JNNSVIHSJVT EmailRHTSLZOZPUOH'JNNSVIHSJVT

E S TA B L I S H M E N T S

185


Eastern Region 2VSRH[H 954\ROLYQLL9VHK2VSRH[H >LZ[)LUNHS0UKPH Tel    -H_   ,THPSZ\IOHZONOVZO'JNNSVIHSJVT ,THPSTVOHTTHKROHSPK'JNNSVIHSJVT Bhubaneshwar 1HUWH[O;V^LY)HZLTLU[(ZOVR5HNHY <UP[00)O\IHULZO^HY 6YPZZH0UKPH Tel     Fax   EmailZHTHU[HYH`ZPUNO'JNNSVIHSJVT Patna =PZO^HZHKHU)LOPUK1LL]HU+LLW)\PSKPUN ,HZ[VM5HYTHKH(WHY[TLU[,_OPIP[PVU9VHK 7H[UH )POHY0UKPH Tel  EmailT\R\SR\THY'JNNSVIHSJVT Ranchi >LZ[LUK7HYR 2HQ\)HNHU5LHY+(=1\UPVY:JOVVS /LOHS9H[\9VHK 9HUJOP 1OHYROHUK0UKPH Tel    Email IPUH`HRIPZ^HS'JNNSVIHSJVT Guwahati :2*3VNPZ[PJZ7YP]H[L3PTP[LK .:9VHK+PZW\Y5LHY*HY.OHY .HULZO.\YP.\^HOH[P (ZZHT0UKPH Tel   EmailKLIHWYH[PTNOVZO'JNNSVIHSJVT

Fax   Email RH\ZOPRKHS]HKP'JNNSVIHSJVT

Indore )(WVSSV;YHKL*LU[YLZ[-SVVY )9HQNHYO2V[OP4\TIHPè(NYH9VHK 0UKVYL 4HKO`H7YHKLZO0UKPH Tel  Fax  EmailTH`HURZOYP]HZ[H]H'JNNSVIHSJVT Email ]P]LRN\Y\'JNNSVIHSJVT Pune 7YLTP\T7VPU[)\PSKPUNĊVVY 6WW4VKLYU/PNO:JOVVS149VHK :OP]HQPUHNHY7\UL 4HOHYHZO[YH0UKPH Tel  Fax   EmailHT\SJOOHQLK'JNNSVIHSJVT 5HNW\Y >LZ[/PNO*V\Y[9VHK 3HS)HOHK\Y:OHZ[YP*OV^R +OHYHTWL[O5HNW\Y 4HOHYHZO[YH0UKPH Tel     Fax   Email]PWPUZHO\'JNNSVIHSJVT Email YHNO\`LTSH^HY'JNNSVIHSJVT Raipur 5L^;PSHR5HNHY )LZPKLZ:HP*HYL/VZWP[HS(]HU[P=POHY 9HPW\Y  *OOH[[PZNHYO0UKPH Tel   Fax è EmailZOP]R\THYYHNO\]HUZOP'JNNSVIHSJVT

Southern Region

Mumbai 2HUQ\Y4HYN,HZ[4\TIHP 4HOHYHZO[YH0UKPH Tel   Fax  EmailUP[PUIOH[['JNNSVIHSJVT

Chennai (.,U[LYWYPZLZ5:2:HSHP=HKHWHSHUP Chennai 600 026 ;HTPS5HK\0UKPH Tel   EmailHUHUKYHQHU'JNNSVIHSJVT Email SLVZLS]HYHQ'JNNSVIHSJVT EmailWYHRHZOQ'JNNSVIHSJVT

Ahmedabad   :HRHY005LHY,SSPZ)YPKNL (OTLKHIHK .\QHYH[0UKPH Tel  

Bangalore ::(NLUJPLZ5V5L^;PTILY@HYK3H`V\[ 4`ZVYL9VHK)HUNHSVYL 2HYUH[HRH0UKPH Tel 

Western Region

Fax  EmailYH]PJOHUKYHURU'JNNSVIHSJVT EmailTPJOHLSHH'JNNSVIHSJVT EmailRUHSHU'JNNSVIHSJVT

Hyderabad :YP3HRZOTP,U[LYWYPZLZ 7SV[5V)0UK\Z[YPHS+L]LSVWTLU[(YLH <WWHS/`KLYHIHK (UKOYH7YHKLZO0UKPH Tel   Fax  EmailZHUKLLWIOH[[HJOHY`H'JNNSVIHSJVT EmailK]LU\NVWHS'JNNSVIHSJVT Cochin =PS]HT(ZZVJPH[LZ Sahib Sons Warehouse ) *,SVVY5VY[O<K`VNHTHUKHS *VJOPU 2LYHSH0UKPH Tel    EmailYHTLZOHN'JNNSVIHSJVT EmailHTHYUH[OZ'JNNSVIHSJVT Coimbatore 7HYHT,U[LYWYPZLZ 9HQHSHRZOTP7SHaH M[9VHK.HUKOPW\YHT *VPTIH[VYL ;HTPS5HK\0UKPH Tel  Fax  EmailHUHUKYHQHU'JNNSVIHSJVT EmailNVWPUH[OZP]HNUHUHT'JNNSVIHSJVT Email ZOL[[\WHYHTHZP]HT'JNNSVIHSJVT Madurai ,_JLS;`WYLZ (NLUJPLZ7][3[K 5V4HUNH`HY2HYHZP*VSSLNL9VHK 7HYH]HP4HK\YHP ;HTPS5HK\0UKPH Tel   EmailHUHUKYHQHU'JNNSVIHSJVT EmailZYPUP]HZHUYHTHZHT`'JNNSVIHSJVT

Region EMEA Corporate Offices

186

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

CG Holdings Belgium NV 9LNPZ[LYLK6MĉJL (U[^LYWZLZ[LLU^LN )4LJOLSLU)LSNP\T


Tel Fax

9LW\ISPJVM0YLSHUK Tel  Fax 

CG Electric Systems Hungary Zrt 4HYPHZZ`:[YLL[ / )\KHWLZ[/\UNHY` Tel  Fax +36 1 266 66 13

CG Power Holdings Ireland Ltd 9LNPZ[LYLK6MÄ&#x2030;JL /LYILY[/V\ZL/HYTVU`9V^ +\ISPU9LW\ISPJVM0YLSHUK Tel  Fax 

CG Drives & Automation Sweden AB 4»YZHYLNH[HU )V_ :,/LSZPUNIVYN:^LKLU Tel   Fax 

CG Holdings Belgium NV :`Z[LTZ+P]PZPVU (U[^LYWZLZ[LLU^LN )4LJOLSLU)LSNP\T Tel Fax 

CG Power Solutions UK Ltd

CG Services Systems France SAS

CG Power Solutions UK Ltd

7HYJKë(J[P]P[LLKLZ/H\[LZ-HSHPZLZ (]LU\L1LHU@VYR -:HPU[3LVUHYK-YHUJL Tel  Fax 

(*HY[ZPKL(]LU\L 0UJOPUUHU)\ZPULZZ7HYR 0UJOPUUHU7( 9? <UP[LK2PUNKVT Tel Fax

CG Services Systems France

ZIV Metering Solutions, SL

CG Electric Systems Hungary Zrt

7HYX\L;LJUVS¸NPJV AHT\KPV)PaRHPH,ZWHUH Tel  Fax 

.`VYN`LP\[ /;HWPVZaLSL/\UNHY` Tel  Fax

Business Units

CG Automation Systems UK Ltd

CG Power Systems Belgium NV

<UP[-5L[^VYR)\ZPULZZ*LU[YL 1HYYV^;`UL >LHY 5,:-<UP[LK2PUNKVT Tel   Fax 

+PZ[YPI\[PVU;YHUZMVYTLY+P]PZPVU +\ISPU9VHK*H]HU0YLSHUK Tel 

Sales Offices

:LY]PJLZ+P]PZPVU 9\L=P[HS-YHUJVPZZL)7 )*OHYSLYVP)LSNP\T Tel Fax

CG Holdings Belgium NV

A0=(WSPJHJPVULZ`;LJUVSVN²H:3 A0=.YPK(\[VTH[PVU:3 7HYX\L;LJUVS¸NPJV AHT\KPV)PaRHPH,ZWHUH Tel  Fax 

CG Power Systems Ireland Ltd

.VL[OLZ[YHZZL+>LYUPNLYVKL Germany Tel    Fax   

*VUJLW[Z/V\ZL >H[JONH[L 5L^I`9VHK0UK\Z[YPHS,Z[H[L /HaLS.YV]L:[VJRWVY[ :2+) <UP[LK2PUNKVT Tel  Fax

CG Automation ZIV Headquarters

+PZ[YPI\[PVU;YHUZMVYTLY+P]PZPVU 7V^LY;YHUZMVYTLY+P]PZPVU (U[^LYWZLZ[LLU^LN )4LJOLSLU)LSNP\T Tel Fax

CG Drives & Automation Germany GmbH

A0*V\Y[PUL 9\L*HaH\_ (]PNUVU-YHUJL Tel   Fax 

CG Drives & Automation Netherlands BV 7VSHRRLYZ5?)3(+,3 7VZ[I\Z(*)3(+,3 ;OL5L[OLYSHUKZ Tel   Fax 

CG Power Solutions UK /VYPaVU/V\ZL (aHSLH+YP]L :^HUSL`)9/@ <UP[LK20UNKVT Tel 

CG Power Solutions UK Ltd -LYYHU[P*V\Y[ :[HMMVYKZOPYL;LJOUVSVN`7HYR :[HMMVYK:;38 <UP[LK2PUNKVT Tel !

CG Sales Networks France SA )V\SL]HYK=H\IHU 0TTL\ISL(YHNV -.\`HUJV\Y[-YHUJL Tel Fax

CG Sales Networks France S.A. 9V\[LK\;PSSL\S  *HPSSV\_:\Y-VU[HPULZ Tel Fax 

CG Power Systems Ireland Ltd (\[VTH[PVU:`Z[LTZ+P]PZPVU /LYILY[/V\ZL/HYTVU`9V^ +\ISPU

CG Power Systems 7HYX\L3LNHU®Z;LJUVS¸NPJV *+PLNV4HY²U(N\PSLYH

E S TA B L I S H M E N T S

187


 3LNHU®Z4HKYPK Tel! 

CG Holdings Belgium NV :H\KP(YHIPH9LWYLZLU[H[P]L6MÄ&#x2030;JL 6MÄ&#x2030;JL5V(-SVVY(S(RHYP`H 6SH`H4HPU:[YLL[ 6SH`H9P`HKO Tel  

CG Middle East FZE +\IHP:PSPJVU6HZPZ, 76)V_+\IHP UAE Tel 

CG Electric Systems 2\^HP[)YHUJO6MÄ&#x2030;JL 76)V_:HSTP`HO9HPZ Kuwait Tel    Fax   

CG Power Systems USA Inc

CG Power Solutions USA Inc

7V^LY;YHUZMVYTLY+P]PZPVU  (]HU[OH+YP]L>HZOPUN[VU 4PZZV\YP <:( Tel +1 636 239 9300 Fax +1 636 239 9396

:WYPUNOV\ZL+YP]L:\P[L *VSSLNL]PSSL7( <:( Tel  Fax 

CG Power Solutions USA Inc CG Power Systems Canada Inc 9VJRTHU:[YLL[>PUUPWLN 4)9;3*HUHKH Tel Fax

CG Power Solutions USA Inc CG Automation Solutions USA Inc -HKLT9VHK :WYPUNÄ&#x2030;LSK51 USA Tel  

4PKKSLIYVVR9VHK Suite 290 Germantown 4+<:( Tel Fax 

CG Power Systems Brazil Ltda

CG Power Solutions USA Inc

(]1HIHX\HYH :¨V7H\SV)YHZPS Tel  Fax 

:0UK\Z[Y`>H`:\P[L) ,S*LU[YV*( <:( Tel Fax

CG Power Systems Belgium NV 9\L6THY)V\YZZHZUY =PL\_2V\IH(SNLY Tel!  Fax!

CG Automation ZIV do Brazil Ltda 9\H=PZJVUKLKL0[HIVYHP7VU[HKH(YLPH 5P[LY¸P91*,7! )YHaPS Tel  Fax

CG Automation ZIV Madrid *+PLNV4HY²U(N\PSLYHU 7HYX\L;LJUVS¸NPJVKL3LNHU®Z  3LNHU®Z4HKYPK Tel  Fax 

CG Drives and Automation Latin America Inc. 5VY[O:OVYL+YP]L 4PHTP)LHJO-3<:( Tel

Sales Office CG Sales Networks Americas Inc

CG Industrial Systems

 (]HU[OH+YP]L>HZOPUN[VU 4PZZV\YP <:( Tel +1 636 239 9300 Fax +1 636 239 9396

7LHJO[YLL:[5,<UP[ ([SHU[H.( <:( Tel  

CG Automation ZIV Barcelona A0=*VTT\UPJH[PVUZ:3 *(U[VUPV4HJOHKV7SHU[H)HQH =PSHKLJHUZ)\ZPULZZ7HYR ,KPÄ&#x2030;JPV(\Z[YHSPH =PSHKLJHUZ)HYJLSVUH Tel    Fax  

*VSSLNL)S]K:\P[L 6]LYSHUK7HYR2: USA Tel  

CG Power Systems USA Inc CG Sales Network Americas Inc 5>UK(]L:[L 4PHTP-SVYPKH<:( Tel  Fax

:\NHY*YLLR*LU[LY)S]K :\P[L :\NHY3HUK;L_HZ Tel Fax  

CG Power Solutions USA Inc

CG Automation 5L^WVY[+YP]L:\P[L 9VSSPUN4LHKV^Z03<:(

Region Americas

5L^2HYULY9VHK(SIHU` 5@<:( Tel  Fax

Business Units

CG Power Solutions USA Inc

CG Power Systems USA Inc

/LTPUN^H`+YP]L9P]LYZPKL 90 <:( Tel Fax

+PZ[YPI\[PVU;YHUZMVYTLY+P]PZPVU 6UL7H\^LSZ+YP]L>HZOPUN[VU 4PZZV\YP <:( Tel +1 636 239 9300 Fax   

188

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4

CG Automation (:JV[[Z]PSSL9VHK:\P[L* 9VJOLZ[LY5@<:(


Region SEAP Manufacturing Plants PT CG Power Systems Indonesia 7V^LY;YHUZMVYTLY+P]PZPVU 2H^HZHU0UK\Z[YP4LUHYH7LYTHP2H] 1S9H`H5HYVNVUN*PSL\UNZP )VNVY0UKVULZPH Tel  Fax

CG Automation ZIV (UZVU9K 0U[LYUH[PVUHS7SHaH :PUNHWVYL  Tel  Fax 

CG Drives & Automation Representative Office 9VVT 5V;PHU`HVXPHV9VHK :OHUNOHP.H[L^H`0U[LYUH[PVUHS7SHaH :OHUNOHP*OPUH Tel

Systems Division PT CG Power Systems Indonesia (SHTHUKH;V^LYè[O-S 10;):PTH[\WHUN2H] *PSHUKHR1HRHY[H 0UKVULZPH Tel  Fax 

Sales Offices CG Power Systems 5L^ALHSHUK6MÄ&#x2030;JL :[L]LUZ:[YLL[>HS[OHT *OYPZ[JO\YJO5L^ALHSHUK Tel   M Fax 

CG Power Systems Australia Office <UP[ /VSILJO9VHK (YUKLSS7HYR:`KUL`5:> (\Z[YHSPH M <UP[0UZWPYH[PVU+YP]L >HUNHYH7LY[O>( (\Z[YHSPH M 

Crompton Greaves Sales Network 4HSH`ZPH:KU)OK <UP[5V))SVJR) 1HSHU:\UNHP1LYUPO 7\ZH[7LYUPHNHHU:LRZ`LU 7L[HSPUN1H`H4HSH`ZPH Tel   Fax 

CG International Holding Singapore Pte. Ltd.  9VIPUZVU9VHK

*7-)\PSKPUN :PUNHWVYL  M

E S TA B L I S H M E N T S

189


NOTES

190

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


NOTES

191


NOTES

192

C R O M P T O N G R E AV E S L I M I T E D 2 0 1 4


Ar1314  
Read more
Read more
Similar to
Popular now
Just for you