AWB Limited - 2003 Annual Report

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2003
28. SEGMENT INFORMATION
Business segments
Intersegment pricing is determined on an arm's length basis. Segment results, assets and liabilities include items directly attributable to a
segment as well as those that can be allocated on a reasonable basis. Segment capital expenditure is the total cost incurred during the
period to acquire segment assets that are expected to be used for more than one period.
The consolidated entity comprises the following main business segments, based on the consolidated entity’s management reporting system:
Finance & Risk Pool Rural Grain Supply Chain
Management Management Services Acquisition Grain & Other Other/ Intersegment
Products Services (Landmark) & Trading Technology Investments Corporate eliminations Consolidated
2002 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Revenue
External segment revenue 276,389 77,091 118,592 1,500,731 5,463 229,794 3,830 – 2,211,890
Intersegment revenue 60,443 – 667 311,250 9,139 3,639 60,728 (445,866) –
Total consolidated revenue 336,832 77,091 119,259 1,811,981 14,602 233,433 64,558 (445,866) 2,211,890
Results
Consolidated entity profit from
ordinary activities before
income tax expense 64,148 23,331 5,045 8,525 (5,792) (4,244) (32,106) – 58,907
Income tax expense (14,757)
Net profit attributable to
outside equity interests – – (14) – – (245) – – (259)
Net profit attributable to members of AWB Limited 43,891
Assets
Segment assets 1,313,329 – 635,269 344,225 10,439 213,186 1,565,062 (1,722,055) 2,359,455
Unallocated corporate assets 56,488
Total assets 2,415,943
Liabilities
Segment liabilities 1,034,131 – 518,332 329,420 10,601 206,891 126,960 (752,966) 1,473,369
Unallocated corporate liabilities 10,554
Total liabilities 1,483,923
Other segment information
Equity method investments
included in segment assets – – 2,603 – – 10,307 – – 12,910
Acquisition of
non–current assets 3,216 – – 301 – 72,038 17,612 – 93,167
Depreciation & amortisation – – 1,468 77 – 11,600 16,737 – 29,882
Non–cash expenses other
than depreciation & amortisation – – – 2,769 – 9,915 11,852 – 24,536
Geographical segments
AWB Limited and its controlled entities operate predominantly in one geographical segment, being Australia.
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