2004-05 Annual Report - Australia Post

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
34. SEGMENT INFORMATION (CONT.)
Secondary reporting –
geographical segments
Segment revenues
from sales to
external customers Segment assets
2005
$m
2004
$m
FOR THE YEAR ENDED 30 JUNE 2005
Acquisitions of PP&E
and intangible assets
Domestic 3,889.4 3,728.4 3,463.9 3,203.3 182.4 203.7
International 434.1 432.7 298.5 268.5 39.1 11.3
2005
$m
2004
$m
2005
$m
2004
$m
4,323.5 4,161.1 3,762.4 3,471.8 221.5 215.0
Note
1. The group has changed the primary reporting business segments it discloses to better reflect the way the group is
managed. The previous segments were Letters, Parcels, International mail, Retail and financial services and Philatelic.
The current primary segments are Letters, Parcels and logistics, and Retail and agency services. The comparative
information has been adjusted to reflect the revised classification.
Notes to and forming part of the segment information
(a) Business segments
Letters
The collection, processing and distribution of letters and associated services.
Parcels and logistics
The processing and distribution of parcels (prepaid and cash-on-delivery), and the provision of associated
logistical services.
Retail and agency services
Provision of postal products and services, agency services and other retail merchandise, principally
stationery, telephony, greeting cards, gifts and souvenirs.
Other and unallocated
Includes items not allocated to product groups – primarily taxation, loans receivable, investments in jointventure
entities and other non-operating items (principally interest, government grants, asset consideration
and rent).
(b) Geographical segments
Domestic
The provision of mail, retail and financial services in each Australian state and territory.
International
The acceptance and delivery of mail to overseas destinations and the delivery of mail originating from overseas.
(c) Accounting policies
Segment accounting policies are the same as described in note 1.
Segment revenues, expenses, assets and liabilities are those that are directly attributable to a segment and
the relevant portion that can be allocated to the segment on a reasonable basis. Segment assets include all
assets used by a segment and consist primarily of operating cash, receivables, inventories, property, plant and
equipment, computer software and goodwill, net of related provisions. Segment liabilities consist primarily of
trade and other creditors, employee entitlements and advance receipts.
(d) Inter-segment sales and transfers
Segment revenues, expenses and results include sales and transfers between segments. Such transactions
generally are priced on an arm’s-length basis and are eliminated on consolidation.
Australia Post Annual Report 2004/05 Financial and Statutory Reports Notes to and forming part of the financial statements
| 97 |