Annual Report 2012 - singapore land limited

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92 Singapore Land Limited - Annual Report 2012 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 31. SEGMENT INFORMATION (continued) Property investment Property trading Hotel operations The Group 2012 2011 2012 2011 2012 2011 2012 2011 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 (restated) (restated) Revenue - external sales 243,093 243,326 271,969 250,678 65,540 121,292 580,602 615,296 Segment results 180,947 181,819 67,239 47,573 (9,391) 30,776 238,795 260,168 Unallocated costs (2,030) (1,749) Interest income 2,414 1,254 Dividend income 2,229 1,665 Finance expenses (2,056) (1,642) Share of results of associated companies 63,554 36,731 806 1,272 24,597 23,358 88,957 61,361 Share of results of joint ventures - - - (500) - - - (500) 328,309 320,557 Fair value gain on investment properties 165,373 126,372 - - - - 165,373 126,372 Profit before income tax 493,682 446,929 Segment assets 4,698,991 4,525,203 672,678 546,637 462,164 404,555 5,833,833 5,476,395 Investments in associated companies 355,343 300,788 135,369 143,275 120,982 112,021 611,694 556,084 Consolidated total assets 6,445,527 6,032,479 Other segment items Capital expenditure 10,554 10,141 12 7 91,717 3,104 102,283 13,252 Depreciation 149 162 10 11 16,515 15,055 16,674 15,228
Singapore Land Limited - Annual Report 2012 93 NOTES TO THE FINANCIAL STATEMENTS For the fi nancial year ended 31 December 2012 31. SEGMENT INFORMATION (continued) Geographical information Singapore is the home country of the Company which is also an operating company. The areas of operation are holding of investment properties for leasing, property development and trading, investment holding, property management, and investment in hotels and retail centres. Revenue is based on the country in which the sale is originated. Non-current assets are shown by the geographical area in which the assets are located. Revenue Non-current assets 2012 2011 2012 2011 2010 $’000 $’000 $’000 $’000 $’000 (restated) (restated) Singapore 509,256 615,296 5,583,237 5,268,959 5,128,754 China 71,346 - 134,391 142,483 25,453 580,602 615,296 5,717,628 5,411,442 5,154,207 32. NEW OR REVISED ACCOUNTING STANDARDS AND INTERPRETATIONS Certain new standards, amendments and interpretations to existing standards have been published and are mandatory for the Group’s accounting periods beginning on or after 1 January 2013 or later periods which the Group has not early adopted. The Group does not expect that the adoption of these accounting standards or interpretations will have a material impact on the Group’s fi nancial statements for the fi nancial year ending 31 December 2013, except for FRS 113 Fair Value Measurement which provides guidance on how fair value should be determined and which disclosures should be made on the fi nancial statements. The Group will apply FRS 113 and provide the required disclosure from 1 January 2013. 33. AUTHORISATION OF FINANCIAL STATEMENTS These fi nancial statements were authorised for issue in accordance with a resolution of the Board of Directors of Singapore Land Limited on 8 February 2013.
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