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NOTES TO FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 200734. SEGMENT INFORMATIONReporting formatThe primary segment reporting format is determined to be business segments as the Group’s risks and rates of return are affectedpredominantly by differences in the products and services produced. Secondary information is reported geographically. Theoperating businesses are organised and managed separately accordingly to the nature of the products and services provided,with each segment representing a strategic business unit that offers different products and serves different markets.Primary reporting format - Business segmentsThe Group currently has only one business segment. The principal activities of the Group are to carry on the business ofconstruction and conversion of offshore and marine projects and investment holding. Accordingly, it is not meaningful to discloseinformation by business segments for the current financial year.Secondary reporting format - Geographical segmentsThe Group’s revenue by geographical segments is based on the location of its customers.Segment assets of the Group are based on the geographical location of the assets and are located in Asia, namely People’s ofRepublic of China and Singapore.The following table shows the Group’s revenue by geographical markets:Total revenue2007 2006$’000 $’000(Restated)Asia 562 15,018Europe 282,551 242,283North America - 55South America 40,335 1,181323,448 258,53794 YANTAI RAFFLES SHIPYARD LIMITED