NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
144
COSCO Corporation (Singapore) Limited
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 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
734
129,030
(3,096)
126,668
Interest income
44,712
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
Write-down of inventories
–
23,678
–
23,678
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
189,359
8,235,248
75,696
8,500,303
Associated companies
4,826
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
