Consolidated financial statement of JSW S.A. Capital Group for 2012
2. Description of significant accounting policies applied
The fundamental accounting principles used in the preparation of these consolidated financial statements are presented below.
The subsidiaries apply the same methods for measuring assets and liabilities and the same principles for the preparation of the financial statements as the Parent Company.
Consolidated statement of financial position Consolidated statement of comprehensive income Consolidated statement of changes in equity Consolidated Cash Flow Statement 1.1. Name, registered office and line of business 1.2. Approval of the financial statements 1.3. Going concern assumption 2. Description of significant accounting policies applied 2.1. Basis for drawing up the financial statements 2.2. Consolidation 2.3. Segment reporting 2.4. Measurement of items in foreign currencies 2.5. Property, plant and equipment 2.6. Investment property 2.7. Intangible assets 2.8. Impairment of non-financial assets 2.9. Financial assets 2.10. Derivatives 2.11. Inventories 2.12. Cash and cash equivalents 2.13. Share capital 2.14. Trade liabilities and other liabilities 2.15. Loans and borrowings 2.16. Current and deferred income tax 2.17. Employee benefits 2.18. Provisions 2.19. Subsidies 2.20. Contingent items 2.21. Revenues 2.22. Costs 2.23. Cost of external funding 2.24. Lease 2.25. Dividend payment 3.1. Financial risk factors 3.2. Capital risk management 3.3. Estimation of fair value 4. Significant accounting estimations and judgments 5.1. Employee package for eligible employees 5.2. Employee package for ineligible employees 6. Property, plant and equipment 7. Intangible assets 8. Investment property 9. Financial instruments by type 10. Other long-term assets 11. Financial derivatives 12. Inventories 13. Trade receivables and other receivables 14. Other short-term financial assets 15. Cash and cash equivalents 16. Share capital 17. Loans and borrowings 18. Deferred income tax 19. Employee benefit liabilities 20. Provisions 21. Trade liabilities and other liabilities 22. Liabilities under financial lease agreements 23. Future contractual liabilities and operating lease liabilities 24. Sales revenues 25. Costs by type 26. Other income 27. Disputed property tax on underground mine workings 28. Other costs 29. Other net profits 30. Financial income and costs 31. Operating segments 32. Income tax 33. Earnings per share 34. Dividends paid and proposed 35. Net cash inflows on operating activity 36. Contingent items 37. Transactions with related entities 38. Business combinations 39. Events taking place after the final day of the reporting period
