151
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:
(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 2014
The Group
Sales
- External sales
51,611 4,208,197
897 4,260,705
- Inter-segment sales
–
1,885
20,550
22,435
51,611 4,210,082
21,447 4,283,140
Elimination
(22,435)
4,260,705
Segment results
5,510
98,536
(4,708)
99,338
Interest income
45,807
Finance expense
(127,697)
Share of loss of associated companies
(197)
Profit before income tax
17,251
Income tax credit
9,026
Net profit
26,277
Other segment items
Capital expenditure
- Property, plant and equipment
3,785
96,827
20
100,632
Amortisation of deferred expenditure
–
86
–
86
Depreciation of property, plant and
equipment and investment properties
12,003
140,826
659
153,488
Net (reversal)/allowance for impairment of
trade and other receivables
(850)
26,637
–
25,787
Write-down of inventories
–
124,504
–
124,504
Allowance for expected losses recognised
on construction contracts
–
61,742
–
61,742
Provision for an onerous contract
25
–
–
25
Allowance for impairment of property,
plant and equipment
–
163
–
163
Segment assets
185,274 9,414,321
68,224 9,667,819
Associated companies
4,736
Available-for-sale financial assets
4,841
Deferred income tax assets
267,901
Consolidated total assets
9,945,297
Segment liabilities
16,263 2,669,430
2,636 2,688,329
Borrowings
4,972,694
Current income tax liabilities
53,932
Deferred income tax liabilities
837
Consolidated total liabilities
7,715,792
Consolidated net assets
2,229,505
