2013 Apr 15 Annual Report 2012 - Phosphagenics

Notes to the consolidated fi nancial statements
17. SEGMENT REVENUE (CONTINUED)
Reconciliation of segment net operating profit after tax to net
profit/loss before tax
2012
$’000
2011
$’000
Segment net operating profi t/(loss) after tax (1,421) (1,576)
Other operating loss from continuing activities (4,836) (8,602)
Amortisation (4,798) (2,546)
Net loss on disposal of plant and equipment - -
Total net profi t before tax per the statement of
comprehensive income (11,055) (12,724)
iii) Segment assets reconciliation to the statement of financial position
In assessing the segment performance on a monthly basis, the executive management committee
analyses the segment as described above and its relation to the segment assets. Segment assets are
those operating assets of the entity that the management committee views as directly attributing to the
performance of the segment. These assets include plant and equipment, receivables, inventory and
intangibles and exclude available-for-sale assets, derivative assets and deferred tax assets.
Reconciliation of segment operating assets to total assets
2012
$’000
2011
$’000
Segment operating assets 3,824 3,901
Other operating assets from continuing activities
Intangibles 39,970 44,657
Cash & cash equivalents 16,912 27,196
All other operating assets from continuing activities 3,415 823
Total assets per the statement of fi nancial position 64,121 76,577
101
The analysis of the location of non-current assets other than fi nancial instruments, deferred tax assets,
pension assets is as follows
Non-current assets by geographical location
2012
$’000
2011
$’000
Australia 41,002 45,816
United States 2 2
Total assets 41,004 45,818
iv) Segment liabilities reconciliation to the statement of financial position
Segment liabilities include trade and other payables and debt. The Group has a centralised fi nance
function that is responsible for raising debt and capital for the entire operations. Each entity or business
uses this central function to invest excess cash or obtain funding for its operations.
Reconciliation of segment operating liabilities to total liabilities
2012
$’000
2011
$’000
Segment operating liabilities 555 2,207
Deferred tax liabilities - -
Other operating liabilities from continuing activities 954 1,424
Total liabilities per the statement of fi nancial position 1,509 3,631
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS