Strength & Stability - ECS Holdings Limited

28 Geographical Segments (Group)
The Group operates principally in Singapore, Thailand, Malaysia, Indonesia and China. In presenting information on the basis of
geographic segments, segment revenue is based on the geographic location of operations. Segment assets are based on the geographic
location of the assets.
North Asia South East Asia Consolidated
$’000 $’000 $’000
2008
Total revenue from external customers 1,515,564 1,434,307 2,949,871
Segment assets 310,615 293,789 604,404
Segment liabilities 169,268 107,690 276,958
Capital expenditure 1,203 2,550 3,753
2007
Total revenue from external customers 1,432,078 1,357,337 2,789,415
Segment assets 289,579 321,092 610,671
Segment liabilities 149,306 119,075 268,381
Capital expenditure 523 2,888 3,411
29 Financial Risk Management
Overview
Risk management is integral to the whole business of the Group. The Group has a system of controls in place to create an acceptable
balance between the cost of risks occurring and the cost of managing the risks. The management continually monitors the Group’s
risk management process to ensure that an appropriate balance between risk and control is achieved. Risk management policies and
systems are reviewed regularly to reflect changes in market conditions and the Group’s activities.
The Audit Committee oversees how management monitors compliance with the Group’s risk management policies and procedures
and reviews the adequacy of the risk management framework in relation to the risks faced by the Group. The Audit Committee
is assisted in its oversight role by Internal Audit. Internal Audit undertakes both regular and ad hoc reviews of risk management
controls and procedures, the results of which are reported to the Audit Committee.
Notes to the
Financial Statements
These notes form an integral part of the financial statements.
Annual Report 2008
p.
89