ANNUAL REPORT

72Middle East Development Singapore ltdannual report 2007NOTES TO FINANCIALSTATEMENTS30 June 200726. FINANCIAL INFORMATION BY SEGMENTSBusiness segments: For management purposes, the Group is organised into two major operating divisions – manufacturing & salesand installation. The divisions are the basis on which the Group reports its primary segment information.Principal activities as follows:Manufacturing & sales: The manufacturing and sales of waterproofing and concrete protection materials.Installation: The provision of installation services for such waterproofing and concrete protection materials.Manufacturing& Sales Installation Eliminations Consolidated2007 2006 2007 2006 2007 2006 2007 2006$ $ $ $ $ $ $ $REVENUEExternal sales 4,984,461 5,094,517 6,823,703 6,614,244 – – 11,808,164 11,708,761Inter-segment sales 2,391,301 2,629,711 123,290 322,949 (2,514,591) (2,952,660) – –Total revenue 7,375,762 7,724,228 6,946,993 6,937,193 (2,514,591) (2,952,660) 11,808,164 11,708,761RESULTS (269,341) 260,834 573,067 516,663 – – 303,726 777,497Unallocated results (375,410) (982,193)Interest expense (69,410) (80,794)Loss before income tax (141,094) (285,490)Income tax expenses/(credit) (175,557) 91,795Net loss for the year (316,651) (193,695)OTHER INFORMATIONSegment assets 6,000,977 5,368,146 5,910,355 5,039,924 – – 11,911,332 10,408,070Unallocated assets 12,067,126 11,54023,978,458 10,419,610Segment liabilities 3,501,673 3,997,837 1,698,479 1,398,847 – – 5,200,152 5,396,684Unallocated tax liabilities 232,388 176,4905,432,540 5,573,174Capital expenditure 148,701 87,856 84,418 33,013 – – 233,119 120,869Unallocated expenditure 114,296 –347,415 120,869Depreciation 260,743 284,773 75,991 80,609 – – 336,734 365,382Unallocated depreciation 9,179 –345,913 365,382Provision for warranty (4,154) (21,834) 111,570 114,512 – – 107,416 92,678