Consolidated financial statement of JSW S.A. Capital Group for 2012
2.3. Segment reporting
The Group presents information on operating segments in accordance with IFRS 8 “Operating Segments”. The Group is organized and managed in segments by type of products offered and type of production activity. An operating segment is a component of the Group:
that engages in business activities from which it may earn revenues and incur expenses,
for which separate financial information is available,
whose operating results are reviewed regularly by the body responsible for operational decisions (Management Board of the Parent Company) about resources to be allocated and assessment of performance in the segment.
The Management Board has identified operating segments based on the financial reporting of the companies comprising the Group. Information originating from the reports are used for strategic decision-making in the Group.
After analyses of the aggregation criteria and quantitative thresholds, the following operating segments were established in the Group's consolidated financial statements:
Segment 1 – Coal – includes extraction and sales of black coal;
Segment 2 – Coke – includes production and sales of coke and coal derivatives;
Other segments – include activities performed by the Group’s entities other than those covered by Segments 1 or 2, such as, without limitation, production and sales of electricity and heat, repair services, etc.
