Page 82 - ar2012

78 GoodLand Group Limited
32 Segment Information
The Group’s primary format for segment reporting is based on business segments. The business segments are
determined based on the Group’s management and internal reporting structure. Geographical segment is
not presented as the Group operates predominantly in Singapore. The revenue for the fnancial year ended
30 September 2012 and 2011 are largely earned in Singapore and 99% of non-current assets are located in
Singapore.
Inter-segment transactions are determined on an arm’s length basis. During the fnancial year ended 30
September 2012, revenue was derived from 14 (2011: 4) customers amounting to approximately S$37,727,000
(2011: S$12,106,000) which accounted for 67% (2011: 40%) of the Group’s revenue.
Segment assets comprise primarily development properties for sale, construction and investment properties.
Other assets and liabilities of the Group are utilised interchangeably between the different segments and there
is no reasonableness to allocate such assets and liabilities of the Group between the different segments.
Sale of
Development
Properties
S$
Construction
Revenue
S$
Investment
Properties
S$
Others
S$
Total
S$
2012
Revenue and other operating income 55,972,464 17,404,012 10,815,651 144,990 84,337,117
Less: Elimination - (17,404,012) - - (17,404,012)
55,972,464 - 10,815,651 144,990 66,933,105
Segment results 20,044,118 (365,557) 10,592,023 - 30,270,584
Share of results of associated companies 1,854,891 - - - 1,854,891
Unallocated income 144,990
Unallocated expenses (4,968,001)
Results from operating activities 27,302,464
Unallocated interest income 26,582
Unallocated fnance costs (62,616)
Proft before income tax 27,266,430
Income tax credit (2,620,796)
Total proft for the year 24,645,634
Other segment items
Capital expenditure
- Property, plant and equipment
(unallocated) 7,065,947
- Investment Property (allocated) - - 6,832,693 - 6,832,693
Depreciation - Property, plant and
equipment
- allocated - 10,051 - - 10,051
- unallocated - 130,669 - - 130,669
- 140,720 - - 140,720
Fair value gain on investment properties - - 10,282,029 - 10,282,029
Assets and Liabilities
Segment assets 82,039,826 976,509 32,621,638 - 115,637,973
Unallocated assets 30,272,706
Total assets 145,910,679
Segment liabilities 57,282,639 1,330,966 10,283,065 - 68,896,670
Unallocated liabilities 23,994,729
Total liabilities 92,891,399
Notes to the Financial Statements
30 September 2012