Australia Post Annual Report 2008–09

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Notes to and forming part of the Financial Report for the year ended 30 June 2009 26 Segment information (continued) Business segments The following tables present revenue and profit information and certain asset and liability information regarding business segments for the years ended 30 June 2009 and 30 June 2008. 2009 Revenue Revenue and other income Inter-segment sales Total segment revenue Interest revenue 92 Australia Post Annual Report 2008–09 | Financial and statutory reports Letters & associated services $m 2,750.6 – Parcels & logistics $m 1,348.5 – Agency services & retail merchandise $m 736.2 – Other and unallocated $m 104.8 – Total $m 4,940.1 – 2,750.6 1,348.5 736.2 104.8 4,940.1 34.4 Consolidated revenue 4,974.5 Result Segment result Share of net profits of equity-accounted jointly controlled entities Profit before interest and income tax expense Income tax expense Net interest 52.0 – 175.8 10.8 94.5 – 51.4 – 373.7 10.8 52.0 186.6 94.5 51.4 384.5 (120.4) (3.6) Net profit for period 260.5 Assets Segment assets Superannuation asset Investments in joint ventures 1,290.0 – – 746.1 – 296.9 406.2 – – 1,061.6 468.0 1.4 3,503.9 468.0 298.3 Total assets 1,290.0 1,043.0 406.2 1,531.0 4,270.2 Liabilities Segment liabilities 935.6 297.7 289.2 902.6 2,425.1 Other segment information Capital expenditure 210.9 57.5 29.5 13.3 311.2 Depreciation and amortisation expense Impairment loss on intangible assets Change in value of investment properties Other non-cash expenses 137.1 75.5 15.9 22.1 250.6 137.1 – – 51.1 24.4 – 15.9 – – 3.3 – 18.8 207.4 24.4 18.8
26 Segment information (continued) 2008 Revenue Revenue and other income Inter-segment sales Total segment revenue Interest revenue Letters & associated services $m 2,731.2 – Parcels & logistics $m 1,315.1 – Agency services & retail merchandise $m 713.4 – Other and unallocated $m 128.6 – Total $m 4,888.3 – 2,731.2 1,315.1 713.4 128.6 4,888.3 48.6 Consolidated revenue 4,936.9 Result Segment result Share of net profits of equity-accounted jointly controlled entities Profit before interest and income tax expense Income tax expense Net interest 148.5 – 224.1 22.3 86.5 – 102.8 – 561.9 22.3 148.5 246.4 86.5 102.8 584.2 (160.1) 8.0 Net profit for period 432.1 Assets Segment assets (1) Superannuation asset Investments in joint ventures 1,331.0 – – 720.0 – 308.2 458.5 – – 1,063.1 1,594.7 1.5 3,572.6 1,594.7 309.7 Total assets 1,331.0 1,028.2 458.5 2,659.3 5,477.0 Liabilities Segment liabilities 932.3 235.5 346.5 1,152.8 2,667.1 Other segment information Capital expenditure 187.2 54.0 21.1 32.5 294.8 Depreciation and amortisation expense Impairment loss on intangible assets Change in value of investment properties Other non-cash expenses 118.1 61.4 14.2 (60.0) 133.7 118.1 – – 49.4 12.0 – 14.2 – – 4.4 – (64.4) (1) To ensure consistency with the current-year asset allocation, prior-year amounts have been reclassified. The revised allocation results in assets under construction remaining in Other and unallocated until completion of construction, at which time the asset is transferred to the appropriate segment. Geographical segments The group primarily operates in Australia with no significant portion of assets or operations located outside of Australia. 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. Inter-segment sales and transfers Segment revenue, 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. 186.1 12.0 (64.4) Australia Post Annual Report 2008–09 | Financial and statutory reports 93
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1809 2009 Australia Post Annual Rep
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Over the past 200 years, Australian
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Our business Celebrating 200 years
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For 200 years, we have developed ou
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We handled 5.3 billion items of mai
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Our business Managing Director’s
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Mail volumes m 6,000 5,000 4,000 3,
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Our business Performance against ta
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Core businesses Australia’s posta
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Core businesses Letters & associate
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Collaborative solutions across the
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Rewarding customer loyalty Australi
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Core businesses Agency services & r
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1968 Behind the front counter of th
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Sending home comforts to the world
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Core businesses Parcels & logistics
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1936 Transporting mail from the SS
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Expanding Business, Naturally When
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Corporate responsibility From a wor
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Corporate responsibility Highlights
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Employment by occupation % Administ
Page 43 and 44: 1950s A postie delivering mail in s
Page 45 and 46: Human Resources Committee Incorpora
Page 47 and 48: Treasury A comprehensive and pruden
Page 49 and 50: Mark Darras LLM, BA LLB, BEd Direct
Page 51 and 52: Contents - Financial and statutory
Page 53 and 54: Statements by directors for the yea
Page 55 and 56: Australia Post Annual Report 2008-0
Page 57 and 58: Balance sheet as at 30 June 2009 No
Page 59 and 60: Cashflow statement for the year end
Page 61 and 62: Schedule of contingencies as at 30
Page 63 and 64: Reference Title Nature of change to
Page 65 and 66: Where settlement of any part of the
Page 67 and 68: (iii) Translation of group companie
Page 69 and 70: (ii) Held-to-maturity investments N
Page 71 and 72: is increased to its recoverable amo
Page 73 and 74: 2 Revenues and other income Revenue
Page 75 and 76: 4 Finance costs Bonds (1) Interest
Page 77 and 78: 5 Income tax (continued) (e) Unreco
Page 79 and 80: 9 Non-current assets - trade and ot
Page 81 and 82: 11 Investments in jointly controlle
Page 83 and 84: 12 Superannuation (continued) (v) C
Page 85 and 86: 13 Analysis of property, plant & eq
Page 87 and 88: 15 Investment properties Opening ba
Page 89 and 90: 20 Provisions Current provisions An
Page 91 and 92: 22 Analysis of total equity (contin
Page 93: 24 Dividends paid Final ordinary di
Page 97 and 98: 27 Key management personnel remuner
Page 99 and 100: 27 Key Management personnel remuner
Page 101 and 102: 28 Related parties (continued) Tran
Page 103 and 104: 29 Financial and capital risk manag
Page 111 and 112: 32 Corporate information The financ
Page 113 and 114: Auditor-General’s report - perfor
Page 115 and 116: Domestic letter service monitor for
Page 117 and 118: Survey certification for the year e
Page 119 and 120: Reserved/non-reserved services for
Page 121 and 122: Australian Postal Corporation Act 1
Page 123 and 124: Statutory reporting requirements fo
Page 125 and 126: Consultative arrangements The Stake
Page 127 and 128: Australia Post - the statistics for
Page 129 and 130: 5 Mail delivery network Private hou
Page 131 and 132: 9 Overall letter service performanc
Page 133 and 134: Index Australia Post Annual Report
Page 135 and 136: I (continued) interest 11, 57 inter
Page 137 and 138: Contact details Australia Post Head
Page 139 and 140: Stamp gallery 2008-09 Australia Pos
Page 141 and 142: AAT: International Polar Year 2007-
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Australia Post Annual Report 2008–09

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