ANNUAL REPORT

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Middle East Development Singapore ltdannual report 2007 73NOTES TO FINANCIALSTATEMENTS30 June 200726. FINANCIAL INFORMATION BY SEGMENTS (Cont’d)Segment results, assets and liabilities include items directly attributable to segment as well as those that can be allocated ona reasonable basis. Segment assets consist of trade receivables, inventories, contract work-in-progress, property, plant andequipment. Segment liabilities include trade payables and accrued liabilities and contract work-in-progress. Unallocated itemsmainly comprise cash, income tax payable, deferred tax assets and deferred tax liabilities. Segment capital expenditure is thetotal cost incurred during the year to acquire property, plant and equipment directly attributable to each segment.Geographical segments:The Group’s two major divisions operate in three principal geographical areas, namely Singapore and other regions, Malaysia andPeople’s Republic of China (“PRC”).The following table provides an analysis of the Group revenue by geographical market based on the location of the customers:Revenue byGeographical Markets2007 2006$ $Singapore & other regions 8,107,775 8,269,539Malaysia 2,143,939 1,586,397People’s Republic of China 1,556,450 1,852,82511,808,164 11,708,761The following is an analysis of the carrying amount of segment assets, and additions to property, plant and equipment, analysedby geographical area in which the assets are located:Carrying amount of Additions to Property,Segment Assets Plant and Equipment2007 2006 2007 2006$ $ $ $Singapore & other regions 6,215,514 5,208,427 79,646 62,093Malaysia 2,667,108 2,365,588 50,624 17,347People’s Republic of China 3,028,710 2,834,055 102,849 41,429Unallocated assets 12,067,126 11,540 114,296 –23,978,458 10,419,610 347,415 120,869
74Middle East Development Singapore ltdannual report 2007NOTES TO FINANCIALSTATEMENTS30 June 200727. CHANGES AND ADOPTION OF FINANCIAL <strong>REPORT</strong>ING STANDARDSFor the year ended 30 June 2007 the following new or revised Singapore Financial Reporting Standards were adopted for thefirst time. The new or revised standards did not require any modification of the measurement method or the presentation in thefinancial statements.FRS No.TitleFRS 1Presentation of Financial StatementsFRS 16 Property, Plant and EquipmentFRS 19 Employee Benefits - Amendments relating to actuarial gains and losses, group plans and disclosuresFRS 21 The Effects of Changes in Foreign Exchange Rates - Amendments relating to net investment in a foreignoperationFRS 24 Related Party DisclosuresFRS 32 Financial Instruments: Disclosure and PresentationFRS 37 Provisions, Contingent Liabilities and Contingent AssetsFRS 38 Intangible Assets (*)FRS 39 Financial Instruments: Recognition and Measurement - Amendments relating to cash flow hedge accounting offorecast intragroup transactions Amendments relating to financial guarantee contracts (*)FRS 101 First-time Adoption of Financial Reporting Standards - Amendments relating to comparative disclosures forFRS 106 Exploration for and Evaluation of Mineral Resources (*)FRS 101 Implementation Guidance (*)FRS 104 Insurance Contracts (*)FRS 104 Implementation Guidance (*)FRS 106 Exploration for and Evaluation of Mineral Resources (*)INT FRS 104 Determining whether an Arrangement contains a LeaseINT FRS 105 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds (*)INT FRS 107 Applying the Restatement Approach under FRS 29 Financial Reporting in Hyperinflationary Economies (*)INT FRS 108 Scope of FRS 102INT FRS 109 Reassessment of Embedded Derivatives (*)INT FRS 110 Interim Financial Reporting and Impairment(*) Not relevant to the entity.
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ANNUAL REPORT

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