Annual Report 2013 - Mainfreight

5 Segmental Reporting
The Group operates in the domestic supply chain (i.e. moving and storing freight within countries) and air and ocean freight industries (i.e.
moving freight between countries).
New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform both
domestic and air and ocean services.
The accounting policies of the operating segments are the same as those described in the notes in note 2 with the exception of deferred tax
and the fair value of derivative financial instruments which are not reported on a monthly basis.
During the year the management changed how it views the operating segments of the business, from domestic and air and ocean segments
to geographical segments. Prior year has been restated to conform with 2013 management view.
The segmental results from operations are disclosed below.
Geographical Segments
The following table represents revenue, margin and certain asset information regarding geographical segments for the years ended 31 March
2013 and 31 March 2012. Inter segment transactions are entered into on a fully commercial basis.
New
Zealand
Australia
The
Americas Asia Europe
Inter-
Segment
2013
$000
Group
Operating Revenue
– sales to customers
outside the group
473,870 549,017 439,173 36,732 386,880 – 1,885,672
– inter-segment sales 738 11,206 27,748 32,939 6,945 (79,576) –
Total Revenue 474,608 560,223 466,921 69,671 393,825 (79,576) 1,885,672
EBITDA 59,924 38,598 20,786 3,198 14,948 – 137,454
Depreciation &
Amortisation
10,682 3,589 4,002 393 11,767 – 30,433
Capital Expenditure 41,259 8,461 3,147 316 9,982 63,165
Trade Receivables 63,174 73,728 48,907 6,244 56,492 (10,875) 237,670
Non-current Assets 230,835 96,943 66,227 15,841 204,236 – 614,082
Total Assets 311,524 192,770 132,144 29,869 287,528 (10,875) 942,960
Total Liabilities 175,612 119,701 82,869 15,556 170,865 (10,875) 553,728
88 Mainfreight | Annual Report 2013