Australia Post Annual Report 2008–09

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