Page 143 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
141
Annual Report 2013
F i nanc i a l Statement s
37. Segment information (continued)
The segment information provided to the key management for the reportable segments is as follows:
Shipping
Ship repair,
ship building
and marine
engineering
activities
All other
segments
Total for
continuing
operations
$’000 $’000 $’000 $’000
Financial year ended 31 December 2013
The Group
Sales
- External sales 54,731 3,452,505 898 3,508,134
- Inter-segment sales – 1,741 33,951 35,692
54,731 3,454,246 34,849 3,543,826
Elimination (35,692)
3,508,134
Segment results 1,075 173,154 (2,849) 171,380
Finance expense (110,845)
Share of profit of associated companies 407
Profit before income tax 60,942
Income tax expense (8,157)
Net profit 52,785
Other segment items
Capital expenditure
- Property, plant and equipment 2,536 59,318 1 61,855
Amortisation of deferred expenditure – 86 – 86
Depreciation of property, plant and equipment and
investment properties 11,397 171,467 661 183,525
Net allowance for impairment of trade and other
receivables 839 4,389 – 5,228
Net allowance for inventory write-down – 23,678 – 23,678
Net allowance for expected losses recognised on
construction contracts – 85,717 – 85,717
Provision for an onerous contract 144 – – 144
Allowance for impairment of property, plant and
equipment – 110 – 110
Segment assets 127,895 7,006,632 26,881 7,161,408
Associated companies 4,826
Short-term bank deposits 1,338,895
Available-for-sale financial assets 4,391
Deferred income tax assets 225,212
Consolidated total assets 8,734,732
Segment liabilities 15,450 2,733,256 2,601 2,751,307
Borrowings 3,782,528
Current income tax liabilities 25,288
Deferred income tax liabilities 528
Consolidated total liabilities 6,559,651
Consolidated net assets 2,175,081