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## (21) Provisions 

Provisions are recognised when the Group has present legal or constructive obligations as a result of past events, it is prob- able that outflows of resources embodying economic benefits will be required to settle the obligations, and reliable estimates of the obligations can be made. 

When the effect of the time value of money is material, provisions are measured at the present value of the expenditures expected to be required to settle the obligations. 

## 4. significant accounting estiMates, juDgMents anD assuMptions 

The preparation of the consolidated financial statements requires management of the Group to make estimates, judg- ments and assumptions that affect the application of account- ing policies and the reported amounts of assets, liabilities, income, and expenses. Given their nature, actual results may differ from those estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis, and the effects resulting from revisions of accounting estimates are recognised in the period in which the estimates are revised and in future periods affected by the revision. 

## 5. segMent inforMation 

## (22) Government grants 

Government grants are recognised and measured at fair value, if there is reasonable assurance that the Group will comply with the conditions attached to them and that the grants will be received. Government grants that are intended to compen- sate for specific costs are recognised as income in the period in which the Group recognises the corresponding expenses. Government grants related to assets are recognised as deferred income and then recognised in profit over the expected useful life of the relevant asset on a regular basis. 

Estimates and underlying assumptions representing a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the next fiscal year are as follows: 

· Impairment of property, plant and equipment, goodwill and other intangible assets (Notes 15, 16 and 17) 

· Provisions (Note 29) 

· Retirement benefits (Note 28) 

· Recoverability of deferred tax assets (Note 18) 

· Income tax expenses (Note 12) 

· Financial assets measured at fair value which have no market price in active markets (Note 34) 

The main activities of the Group are the manufacture and sale of pharmaceutical products, and there are no separate operating segments. Therefore, the Group has a single reporting segment, “Pharmaceutical”. 

## Information about products and services 

Sales by type of product and service are as follows: 

<img src='content_image/203016.jpg'>

