2009-10 Annual Report - Australia Post

24 Dividends paid
Final ordinary dividend (from prior year results)
interim ordinary dividend
special dividend
2010
$m
92.8
79.1
–
consolidated corporation
total dividends paid 171.9 427.8 171.9 427.8
dividend not recognised as a liability – 92.8 – 92.8
25 Auditor’s remuneration (1)
amounts received or due and receivable by the corporation’s auditors for:
an audit or review of the financial report of the entity and any other entity
in the consolidated group
other services in relation to the entity and any other entity in the
consolidated group
– assurance related
(2)
– special audits required by regulators
2010
$
1,467,900
165,700
100,000
2009
$m
186.6
91.2
150.0
2010
$m
92.8
79.1
–
2009
$m
186.6
91.2
150.0
consolidated corporation
2009
$
1,335,700
159,000
100,000
2010
$
1,283,300
165,700
100,000
2009
$
1,156,400
159,000
100,000
total auditor’s remuneration 1,733,600 1,594,700 1,549,000 1,415,400
(1) the corporation’s auditor is the australian national audit office who has retained ernst & young (australia) to assist with the assignment.
(2) this audit is performed by ernst & young (australia) directly.
26 Segment reporting
the group has identified its operating segments based on the internal reports that are reviewed and used by the executive management team
(the chief operating decision makers) in assessing performance and in determining the allocation of resources.
the operating segments are identified by management based on the manner in which the product is sold and the nature of the services provided.
discrete financial information about each of these operating businesses is reported to the executive management team on at least a monthly basis.
the reportable segments are based on aggregated operating segments determined by the similarity of the products sold and/or the services
provided, as these are the sources of the group’s major risks and have the most effect on the rates of return.
the following represent the segments the group operates in:
letters
the collection, processing and distribution of letters and associated services.
Parcels & logistics
the processing and distribution of parcels and the provision of associated logistical services.
Agency services & retail merchandise
provision of postal products and services, agency services and other retail merchandise, principally stationery, telephony, greeting cards, gifts
and souvenirs.
unallocated
includes other non-product services, none of which constitutes a separately reportable segment, and unallocated items.
AustrAliA Post AnnuAl rePort 2009–10 | Financial and statutory reports 77