Annual Report 30 June 2007 - One Horizon Group

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NOTES TO THE FINANCIAL STATEMENTS (continued)
2. Segmental information
Segmental information on a Group basis is set out below:
European Union United States Asia Rest of World Group
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
$000’s $000’s $000’s $000’s $000’s $000’s $000’s $000’s $000’s $000’s
Turnover
Turnover by Destination
Sales to third parties 6,605 5,951 31,495 31,980 14,387 9,966 5,526 3,661 58,013 51,558
Turnover by origin
Total sales 17,620 29,647 25,055 15,385 18,042 9,966 9,510 – 70,227 54,998
Inter-segment sales (3,757) (3,440) (1,814) – (2,290) – (4,353) – (12,214) (3,440)
Sales to third parties 13,863 26,207 23,241 15,385 15,752 9,966 5,157 – 58,013 51,558
Profit before taxation
Segment profit 833 1,539 631 927 2,740 1,104 598 – 4,802 3,570
Common costs (241) (209)
Operating profit 4,561 3,361
Net interest (882) (559)
Group profit before taxation 3,679 2,802
Net assets
Segment net assets 1,255 1,105 1,941 1,492 4,508 1,842 608 101 8,312 4,540
Unallocated
Assets/(Liabilities) 1,113 (2,499)
Minority interests 69 18
Total net assets 9,494 2,059
3. Analysis of cost of sales and net operating expenses
Continuing Acquired Discontinued
Operations Operations Operations Total
$000’s $000’s $000’s $000’s
Year ended 30 June 2007
Cost of sales 35,488 8,724 – 44,212
Distribution costs 589 98 – 687
Administrative expenses 6,285 2,268 – 8,553
Net operating expenses 6,874 2,366 – 9,240
Year ended 30 June 2006
Cost of sales 41,044 – 368 41,412
Distribution costs 466 – – 466
Administrative expenses 6,017 – 292 6,309
Net operating expenses 6,483 – 292 6,775