Canada and the United States
28
21
Mexico and South America
6
2
Southeast Asia (principally Japan and Taiwan)
18 14
101
90
Assets and additions to tangible and intangible fixed assets by geographical area:
The following table shows the carrying
amount of segment assets and additions to tangible and intangible fixed assets by geographical area in which the assets are
located:
Carrying
Additions to
Amount of
Fixed Assets
Segment Assets
and
Intangible
Assets
Current Previous Current Previous
Year Year Year Year
India 72
78
8
5
European Union
47
37
5
4
Canada and
the United States
34
20
4
3
Indonesia
22
20
7
6
175
155
24
18
Segment revenue and expense:
In India, paper and office products are manufactured in combined facilities and are sold by
a combined sales force. Joint revenues and expenses are allocated to the two business segments on a reasonable basis. All
other segment revenue and expense are directly attributable to the segments.
Segment assets and liabilities:
Segment assets include all operating assets used by a segment
and consist principally of
operating cash, debtors, inventories
and fixed assets, net of allowances and provisions which are
reported as direct offsets
in the balance sheet. While most such assets can be directly attributed
to individual segments, the carrying amount of certain
assets used jointly by two or more segments is allocated to the segments on a reasonable basis. Segment liabilities include
all operating liabilities and consist principally of creditors and accrued liabilities. Segment assets and liabilities do not
include deferred income taxes.
Inter-segment transfers:
Segment revenue, segment expenses and segment result include transfers
between business
segments and between geographical segments. Such transfers are accounted for at competitive market prices charged to
unaffiliated customers for similar goods. Those transfers are eliminated in consolidation.
Unusual item:
Sales of office products to external customers in the current year were adversely affected by a lengthy
strike of transportation workers in India, which interrupted product shipments for approximately four months. The Company
estimates that sales of office products during the four-month period were approximately half of what they would otherwise
have been.
Extraordinary loss:
As
more fully discussed in Note x, the Company incurred an uninsured loss of Rs.3,00,000 caused by
earthquake damage to a paper mill in India during the previous year.