SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2008
24. SEGMENT REPORTING
(a) Business and Geographical Segments
The consolidated group operates in one geographical area, Australia and has two business segments.
The parent entity is situated at the company’s head offi ce in Bondi Beach, NSW, Australia.
Business Segment Type of products and services
Surf Life Saving Activities Administration of lifesaving and development and organisation of competitions
Helicopter Rescue Service Delivery and provision of search and rescue and aero medical services
(b) Primary Reporting Business Segments
Revenue
Surf Life Saving Activities Helicopter Rescue Service Consolidated
2008
$
2007
$
External Sales 432,549 428,783 – – 432,549 428,783
Other External Revenue 17,742,427 17,595,002 9,150,367 9,649,793 26,892,794 27,244,795
Intersegment Revenue 185,896 – – – 185,896 –
Total 18,360,872 18,023,785 9,150,367 9,649,793 27,511,239 27,673,578
Eliminations (185,896) – – – (185,896) –
Total Revenue 18,174,976 18,023,785 9,150,367 9,649,793 27,325,343 27,673,578
Result
Segment Result (204,302) 825,254 2,411,007 2,037,102 2,206,705 2,862,356
Borrowing Costs – – (30,569) (53,070) (30,569) (53,070)
Assets
2008
$
2007
$
2008
$
2007
$
(204,302) 825,254 2,380,438 1,984,032 2,176,136 2,809,286
Segment Assets 14,175,598 14,532,137 18,217,834 17,421,427 32,393,432 31,953,564
Liabilities
Segment Liabilities 7,779,979 8,126,754 1,007,313 1,993,240 8,787,292 10,119,994
Other Information
Depreciation and amortisation 212,960 185,867 1,194,662 1,477,249 1,407,622 1,663,116
Non-cash expenses other than
Depreciation and amortisation
54,631 (25,851) (251,195) (122,926) (196,564) (148,777)
Acquisition of Non Current Assets 115,222 419,538 1,096,072 4,243,515 1,211,294 4,663,053
Intersegment Transfers
Segment revenues, expenses and results include transfers between segments. The prices charged
on intersegment transactions are the same as those charged for similar goods to parties outside of
the consolidated group at an arms length. These transfers are eliminated on consolidation.
86 SURF LIFE SAVING AUSTRALIA—ANNUAL REPORT 2007–08