Annual Report - AWB Limited

AWB LIMITED Notes to and forming part of the financial statements for the year ended 30 September 200827. Segment InformationThe Group’s primary segment reporting format is business segments as the Group’s risks and rates of return are affectedpredominantly by differences in the products and services produced. Secondary segment information is reported geographically.Inter-segment pricing is determined on an arm’s length basis. Segment results, assets and liabilities include items directlyattributable to a segment as well as those that can be allocated on a reasonable basis. Segment capital expenditure is the total costincurred during the period to acquire segment assets that are expected to be used for more than one period.Business segmentsThe Group comprises the following main business segments, based on the group’s management reporting system:Continuing operationsPool ManagementServicesAustralianCommodityManagementInternationalCommodityManagementSupply Chain andOther Investments2008 $’000 $’000 $’000 $’000RevenueExternal segment revenue 45,611 1,113,832 3,194,394 140,060Intersegment revenue - 156,884 208,978 21,887Total consolidated revenue 45,611 1,270,716 3,403,372 161,947ResultsUnderlying EBITDA 19,711 61,909 24,014 (9,355)Share of associates’ profits - - - 4,668Total underlying EBITDA 19,711 61,909 24,014 (4,687)Amortisation and depreciation - - (659) (8,350)Underlying EBIT 19,711 61,909 23,355 (13,037)Significant items - - - -Segment result 19,711 61,909 23,355 (13,037)Corporate net interest expenseProfit/(loss) before income tax and minority interestIncome tax expenseProfit attributable to minority interestProfit attributable to members of the parentAssetsSegment assets - 812,953 1,217,890 115,148Unallocated corporate assetsTotal assetsLiabilitiesSegment liabilities - 779,952 1,066,627 216,628Unallocated corporate liabilitiesTotal liabilitiesUnallocated net corporate assetsNet assets excluding net corporate assets - 33,001 151,263 (101,480)Net AssetsOther segment informationInvestments in associates - - - 19,688Acquisition of non-current assets - - 2,592 3,985Non-cash expenses other than depreciation and amortisation - - - -94 www.awb.com.au