(d) Commitments in respect of a joint venture As at 31 March 2023 31 March 2022 Commitment to provide Group’s share of funding for joint venture’s capital commitments, if called for - 4.60 The joint venture had no contingent liabilities as on 31 March 2023 and 31 March 2022. 49. Interest in an immaterial associate The Group has interest in a single associate (“SKIL”), which, in the opinion of the Holding Company’s Board of Directors, is immaterial to the Group. The Group’s share in loss after tax and other comprehensive income for the year is ` 0.01 (31 March 2022) : Nil) and ` 0.01 (31 March 2022 : Nil) respectively in respect of such associate. 50. Segment reporting The Chief Operating Decision Maker (“CODM”) evaluates the Group’s performance and allocates the resources based on an analysis of various performance indicators by reportable segments. The measurement of each segment’s revenue, expenses, assets and liabilities is consistent with the accounting policies that are used in preparation of the Group’s consolidated fi nancial statements. The Group has been organised into diff erent verticals based on its products. Three verticals have been identifi ed as reportable operating segments by the Group, which are as follows: (i) Dairy vertical: Under this vertical, the Group manufactures and market a complete range of milk and milk products. (ii) Renewable energy vertical: Under this vertical, the Group produces power for captive consumption through its solar and wind power plants. (iii) Feed vertical: Under this vertical, the Group manufactures wide varieties of cattle and fi sh feeds. No operating segments have been aggregated to form the above reportable segments. Segment performance is evaluated based on revenue and earnings before interest and tax and is measured consistently in line with the measurement principles used in the fi nancial statements, expect adjustments not made to operating segments on individual basis. The items which are not allocated to individual operating segments are gains or losses on fi nancial instruments, taxes, impairment on fi nancial instruments, fi nance costs, interest income among others. Refer reconciliation below for further details. The table below presents segment wise information of revenue, results, assets and liabilities: Particulars For the year ended and as at 31 March 2023 For the year ended and as at 31 March 2022 Segment revenue Segment results Segment assets Segment liabilities Segment revenue Segment results Segment assets Segment liabilities Dairy 32,079.87 899.97 9,389.46 3,603.01 26,413.02 1,361.42 7,319.14 2,067.85 Renewable energy 78.22 22.93 522.90 3.49 90.03 37.30 554.42 3.42 Feed 1,069.10 24.33 585.93 166.11 946.12 24.13 546.57 152.80 Others - - - - - (0.79) - - Intersegment revenue (820.65) - - - (636.38) - - - Unallocated - - 751.88 218.89 - - 605.68 226.20 Total 32,406.54 947.23 11,250.17 3,991.50 26,812.79 1,422.06 9,025.81 2,450.27 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 307 Consolidated | Financial Statements
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