150
COSCO Corporation (Singapore) Limited
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
Financial Statements
36. 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 2015
The Group
Sales
- External sales
38,507 3,480,369
897 3,519,773
- Inter-segment sales
–
93
21,049
21,142
38,507 3,480,462
21,946 3,540,915
Elimination
(21,142)
3,519,773
Segment results
(5,114)
(758,905)
(4,572)
(768,591)
Interest income
34,320
Finance expense
(166,925)
Share of profit of associated companies
30
Loss before income tax
(901,166)
Income tax expense
(13,669)
Net loss
(914,835)
Other segment items
Capital expenditure
- Property, plant and equipment
1,998
149,433
26
151,457
Amortisation of deferred expenditure
–
90
–
90
Depreciation of property, plant and
equipment and investment properties
13,063
136,283
659
150,005
Net allowance for impairment of trade and
other receivables
–
380,306
–
380,306
Write-down of inventories
–
309,304
–
309,304
Allowance for expected losses recognised
on construction contracts
–
61,782
–
61,782
Segment assets
194,108 9,855,330
58,579 10,108,017
Associated companies
4,854
Available-for-sale financial assets
4,890
Deferred income tax assets
236,932
Consolidated total assets
10,354,693
Segment liabilities
18,086 2,453,089
2,797 2,473,972
Borrowings
6,532,805
Current income tax liabilities
7,645
Deferred income tax liabilities
288
Consolidated total liabilities
9,014,710
Consolidated net assets
1,339,983
