notes to financial statements - the grande holdings limited

64notes tofinancial statements31 December 200337. SEGMENT REPORTING (continued)(a)Business segments (continued)Electronicsmanufacturing Branded Financial Inter-segmentservices distribution services elimination Consolidated2003 HK$ HK$ HK$ HK$ HK$million million million million millionTurnover:Turnover from external customers 4,089 2,128 1,506 – 7,723Inter-segment sales 110 48 15 (173) –Total 4,199 2,176 1,521 (173) 7,723Result:Divisional operating results 222 318 (79) – 461Unallocated corporate expenses (23)Gain on disposal of– subsidiaries – – 30 – 30– long term investments – – 10 – 10– property, plant and equipment 1 – 2 – 3Impairment loss reversed/(recognised)– properties held for sale – – 18 – 18– long term investments – – (10) – (10)– other non-current assets (15) – – – (15)Interest income 5Operating profit 479Interest expenses (34)Taxation 2Minority interests 3Profit attributable to shareholders 450Assets:Division assets 3,402 3,573 3,320 (3,661) 6,634Unallocated assets 1Liabilities:Division liabilities 2,134 2,888 1,768 (3,661) 3,129Unallocated liabilities 15Other information:Depreciation and amortisation 92 93 44 229Capital expenditure 77 33 56 166Allowance/(write back) ofdoubtful debts – (1) 1 –4386,6353,144