Page 144 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
142
COSCO Corporation (Singapore) Limited
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: (continued)
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 2012
The Group
Sales
- External sales 52,839 3,680,544 878 3,734,261
- Inter-segment sales – 563 49,433 49,996
52,839 3,681,107 50,311 3,784,257
Elimination (49,996)
3,734,261
Segment results 6,096 332,629 (9,698) 329,027
Finance expense (99,986)
Share of profit of associated companies 580
Profit before income tax 229,621
Income tax expense (59,842)
Net profit 169,779
Other segment items
Capital expenditure
- Property, plant and equipment 976 121,382 298 122,656
Amortisation of deferred expenditure – 85 – 85
Depreciation of property, plant and equipment and
investment properties 11,477 166,766 652 178,895
Net allowance for impairment of trade and other
receivables – 7,814 – 7,814
Net allowance for inventory write-down – 2,013 – 2,013
Net reversal of expected losses recognised on
construction contracts – (28,564) – (28,564)
Allowance for impairment of property, plant and
equipment – 8,131 – 8,131
Segment assets 133,451 6,192,572 23,012 6,349,035
Associated companies 4,235
Short-term bank deposits 834,129
Available-for-sale financial assets 4,244
Deferred income tax assets 201,914
Consolidated total assets 7,393,557
Segment liabilities 14,188 2,282,699 3,199 2,300,086
Borrowings 3,026,451
Current income tax liabilities 10,383
Deferred income tax liabilities 7,432
Consolidated total liabilities 5,344,352
Consolidated net assets 2,049,205