FEDERAL INTERNATIONAL (2000) LTD

Federal International (2000) Ltd AR 2002and its Subsidiary Companies72Notes to the Financial Statements37. SEGMENT INFORMATION (cont’d)Business segmentsFLOWLINEOILFIELDCONTROLDRILLING2002 2001 2002 2001$ $ $ $Segment revenueSales to external customers 73,230,632 53,522,296 15,667,464 9,631,933Intersegment sales 1,454,235 171,013 72,857 360,286Total revenue 74,684,867 53,693,309 15,740,321 9,992,219Segment result 3,028,130 310,548 (561,503) (1,375,422)Interest income 1,189,968 812,411 3,308 7,297(Loss)/gain on disposal of investment (5,050) 4,445 – –Finance costs (1,046,356) (651,974) (168,196) (101,947)Share of profits/(losses) ofunconsolidated associates 296,717 (90,293) 62,112 2,439Profit before taxationTax expenseMinority interestNet profitSegment assets 67,819,297 59,363,976 5,933,621 6,251,190Investment in associates 2,495,489 557,221 118,571 116,628Unallocated corporate assets – – – –Total assetsSegment liabilities 52,554,219 29,039,005 6,297,454 5,961,270Unallocated corporate liabilities – – – –Total liabilitiesOther segment information:Capital expenditure 239,295 666,614 87,561 376,631Depreciation of fixed assets 513,255 464,955 101,908 128,670Amortisation of intangible assets 37,778 125,326 – –Other non-cash expense 807,256 400,000 150,349 62,197