Notes to the Financial Statements

Notes to the Financial Statements31 December 2006 continued3. Segment information continuedThe segment assets and liabilities as at 31 December 2005 are as follows:OilfieldDe-icing processproducts chemicals Other Total$’000 $’000 $’000 $’000Assets 12,535 2,740 9,645 24,920Liabilities 3,142 1,404 1,199 5,745Capital expenditure 3,173 694 183 4,050Segment assets consist primarily of property, plant and equipment, inventories, receivablesand cash.Segment liabilities comprise operating liabilities.Secondary reporting format – geographical segmentsThe Group sells its products to customers located in two main geographical segments: domesticsales and export sales. They are summarised in the table below. Sales in the domestic market areto customers located in the Russian Federation, where export sales are to the customers locatedmainly in Netherlands, Canada, USA and CIS countries. The risks and rewards of selling to theNetherlands, Canada and the USA are deemed to be similar and so have been included as a singlegeographical segment. Sales to CIS countries are less than 10% and so have been included inthis segment.30Domestic Export Total$’000 $’000 $’000Year ended 31 December 2006 20,343 4,615 24,958Year ended 31 December 2005 15,289 5,294 20,583Revenues are allocated based on the country in which the customer is located. All assets andcapital expenditure are located or incurred in the Russian Federation.CompanyThe Company’s business is to invest in its subsidiaries and, therefore, it operates in asingle segment.ZiRAX Annual Report & Accounts 2006