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THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2011
NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2011
44 SEGMENT INFORMATION (cont’d)
2011 Operating Segments
Resources Hospitality Property Others Elimination Consolidated
$’000 $’000 $’000 $’000 $’000 $’000
Revenue
External revenue 1,270,719 157,840 82,104 – – 1,510,663
Inter-segment revenue – 294 95 – (389) –
Total revenue 1,270,719 158,134 82,199 – (389) 1,510,663
Segment results
Operating profit/(loss) 47,568 (9,221) 14,326 183 – 52,856
Fair value changes in investment
properties – 16,164 39,982 – – 56,146
Impairment losses (12,082) (9,878) – (4) – (21,964)
Finance costs (11,077) (158) (5,062) (1,946) – (18,243)
Share of results of equity-accounted
associates and joint ventures 9,782 176 493 – – 10,451
Profit/(Loss) before tax 34,191 (2,917) 49,739 (1,767) – 79,246
Income tax expense (13,997) (5,618) (3,667) (571) – (23,853)
Profit/(Loss) after tax 20,194 (8,535) 46,072 (2,338) – 55,393
Profit/(Loss) attributable to:
Owners of the Company 10,422 (8,535) 46,072 (2,338) – 45,621
Non-controlling interests 9,772 – – – – 9,772
20,194 (8,535) 46,072 (2,338) – 55,393
Segment Assets 540,225 433,205 990,172 301,221 – 2,264,823
Segment Liabilities 355,116 74,794 343,321 231,445 – 1,004,676
Other information:
Dividend income – – – 4,611 – 4,611
Interest income 5,306 674 55 65 – 6,100
Depreciation 5,615 14,893 801 – – 21,309
Amortisation 12,231 146 – – – 12,377
Other material non-cash items:
Impairment of plant and equipment – 2,587 – – – 2,587
Impairment of investment in
associates 5,284 – – – – 5,284
Impairment of available-for-sale
investment securities 6,798 – – 4 – 6,802
Revaluation deficit of properties – 7,291 – – – 7,291
Investments in associates and joint
ventures 71,335 599 4,505 – – 76,439
Additions to non-current assets 23,004 32,781 58,896 – – 114,681