NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
153
ANNUAL REPORT 2015
45.
SEGMENT INFORMATION (CONT’D)
Management monitors the operating results of each business unit separately for the purpose of making decisions about
resource allocation and performance assessment. Segment performance is evaluated based on net profit, as explained in
the table below.
Transactions between operating segments are based on terms agreed between the parties.
2015 Operating Segments
Resources Real Estate Hospitality Others Elimination Consolidated
$’000
$’000
$’000 $’000
$’000
$’000
Revenue
External revenue
528,493
11,456
–
–
–
539,949
Inter-segment revenue
–
457
–
–
(457)
–
Total revenue
528,493
11,913
–
–
(457)
539,949
Segment results
Operating profit
5,247
(3,154)
(63)
1,198
–
3,228
Fair value changes in
investment properties
–
(4,819)
–
–
–
(4,819)
Impairment losses
(294)
–
–
–
–
(294)
Finance costs
(5,356)
(10,258)
– (100)
–
(15,714)
Share of results of associates
and joint ventures
600
25,575
2,300
–
–
28,475
Profit before tax
197
7,344
2,237 1,098
–
10,876
Income tax (expense)/credit
(2,801)
(3,398)
(225)
3,033
–
(3,391)
Profit/(loss) after tax
(2,604)
3,946
2,012 4,131
–
7,485
Profit/(loss) attributable to:
Owners of the Company
(1,821)
4,227
2,012 4,131
–
8,549
Non-controlling interests
(783)
(281)
–
–
–
(1,064)
(2,604)
3,946
2,012 4,131
–
7,485
Segment Assets
283,780 1,472,869 177,053 151,779
2,085,481
Segment Liabilities
187,723 500,120
– 27,425
–
715,268
Other information:
Dividend income
– 23,757
636 1,014
–
25,407
Interest income
1,698
4,248
1,327
3,212
–
10,485
Depreciation
2,637
543
–
7
–
3,187
Amortisation
687
–
–
–
–
687
Other material non-cash items:
Impairment of associates
and joint venture
192
–
–
–
–
192
Impairment of available-for-sale
investment securities
109
–
–
–
–
109
Revaluation surplus of properties
(7)
–
–
–
–
(7)
Associates and joint ventures
26,875 430,446 101,295
–
–
558,616
Additions to non-current assets
5,061
217,059
–
–
–
222,120
