SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
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NOTES TO <strong>THE</strong> FINANCIAL STATEMENTS<br />
FOR <strong>THE</strong> FINANCIAL YEAR ENDED 31 DECEMBER 2004<br />
29. Segment information (continued)<br />
Primary reporting format - business segments (continued)<br />
Financial year ended<br />
31 December 2004<br />
Trading<br />
Chartering<br />
Ship repair and<br />
related services<br />
of marine<br />
equipment Elimination Group<br />
$’000 $’000 $’000 $’000 $’000<br />
Sales : 5,965 2,778 64 (278) 8,529<br />
Segment result 3,820 371 (57) 4,134<br />
Unallocated costs (862)<br />
Profit from operations 3,272<br />
Finance costs (348)<br />
Share of associate results 1,110<br />
Profit before tax 4,034<br />
Income tax expense (162)<br />
Net profit 3,872<br />
Segment assets 17,755 2,722 56 (827) 19,706<br />
Associated companies 3,223<br />
Unallocated assets 2,135<br />
Consolidated total assets 25,064<br />
Segment liabilities 5,628 1,011 193 (3,712) 3,120<br />
Deferred income 643<br />
Unallocated liabilities 1,838<br />
Consolidated total<br />
liabilities 5,601<br />
Other segment items<br />
Capital expenditure 8,075 44 – 8,119<br />
Depreciation 1,006 150 1 1,157<br />
SWISSCO INTERNATIONAL LIMITED_50
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