2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
2009-10 Annual Report - Australia Post
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26 Segment reporting (continued)<br />
<strong>2009</strong><br />
revenue<br />
revenue and other income<br />
inter-segment sales<br />
total segment revenue<br />
interest revenue<br />
letters<br />
$m<br />
2,750.6<br />
–<br />
parcels &<br />
logistics<br />
$m<br />
1,348.5<br />
–<br />
agency<br />
services &<br />
retail<br />
Merchandise<br />
$m<br />
736.2<br />
–<br />
unallocated<br />
$m<br />
<strong>10</strong>4.8<br />
–<br />
total<br />
$m<br />
4,940.1<br />
–<br />
2,750.6 1,348.5 736.2 <strong>10</strong>4.8 4,940.1<br />
34.4<br />
consolidated revenue 4,974.5<br />
result<br />
segment result (1)<br />
share of net profits of equity-accounted jointly controlled entities<br />
profit before interest and income tax expense<br />
income tax expense<br />
net interest<br />
52.0<br />
–<br />
175.8<br />
<strong>10</strong>.8<br />
94.5<br />
–<br />
51.4<br />
–<br />
373.7<br />
<strong>10</strong>.8<br />
52.0 186.6 94.5 51.4 384.5<br />
(120.4)<br />
(3.6)<br />
net profit for period 260.5<br />
Assets<br />
segment assets<br />
superannuation asset<br />
investments in jointly controlled entities<br />
1,290.0<br />
–<br />
–<br />
746.1<br />
–<br />
296.9<br />
406.2<br />
–<br />
–<br />
1,061.6<br />
468.0<br />
1.4<br />
3,503.9<br />
468.0<br />
298.3<br />
total assets 1,290.0 1,043.0 406.2 1,531.0 4,270.2<br />
liabilities<br />
segment liabilities 935.6 297.7 289.2 902.6 2,425.1<br />
other segment information<br />
capital expenditure<br />
depreciation and amortisation expense<br />
impairment loss on goodwill<br />
change in value of investment properties<br />
other non-cash expenses 137.1 75.5 15.9 22.1 250.6<br />
(1) included in the letters segment is $69.2 million of losses from reserved services.<br />
2<strong>10</strong>.9<br />
137.1<br />
–<br />
–<br />
Geographical segments<br />
the group primarily operates in australia with no significant portion of assets or operations located outside of australia.<br />
Accounting policies<br />
the accounting policies used by the group in reporting the segments internally are the same as those contained in note 1(g) to the accounts.<br />
segment revenues, expenses, assets and liabilities are those that are directly attributable to a segment and the relevant portion that can be allocated<br />
to the segment on a reasonable basis. segment assets include all assets used by a segment and consist primarily of operating cash, receivables,<br />
inventories, property, plant and equipment, computer software and goodwill, net of related provisions. segment liabilities consist primarily of trade<br />
and other creditors, employee entitlements and advance receipts.<br />
corporate charges comprise of support costs that are allocated to each business segment using an activity based costing methodology.<br />
inter-segment sales and transfers<br />
segment revenue, expenses and results include sales and transfers between segments. such transactions generally are priced on an arm’s-length<br />
basis and are eliminated on consolidation.<br />
57.5<br />
51.1<br />
24.4<br />
–<br />
29.5<br />
15.9<br />
–<br />
–<br />
13.3<br />
3.3<br />
–<br />
18.8<br />
311.2<br />
207.4<br />
24.4<br />
18.8<br />
AustrAliA <strong>Post</strong> AnnuAl rePort <strong>2009</strong>–<strong>10</strong> | Financial and statutory reports 79
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