Notes to the Financial Statements - Swissco Holdings Limited

Notes
to the Financial Statements
For the financial year ended 31 December 2009
32. Segment information
Management has determined the operating segments based on the organisation of the Group. The results
of these operating segments are reviewed by the Chief Executive Officer (“CEO”) to make strategic
decisions.
The Group is organised into two main operating segments:
• Vessel chartering (including sale of out-port-limit services and related income)
• Ship repair and maintenance services
Others include investment holding activities.
The CEO assesses the performance of these operating segments based on profit after tax.
Sales between segments are carried out at arm’s length. The revenue from external parties and total assets
reported to the CEO is measured in a manner consistent with that of the financial statements.
The segment information provided to the CEO for the reportable segments for the year ended 31
December 2009 is as follows:
Vessel
chartering
Ship repair
and
maintenance
services Others Total
$’000 $’000 $’000 $’000
Group
Revenue
Segment revenue 68,985 5,107 5,660 79,752
Inter-segment revenue (15,115) (425) (5,660) (21,200)
Revenue from external parties 53,870 4,682 – 58,552
Profit after tax 23,202 1,782 (807) 24,177
Gain on disposal of financial assets,
available-for-sale – – 6,723 6,723
Interest income 12 – – 12
Interest expense (660) (3) – (663)
Depreciation (7,909) (112) – (8,021)
Amortisation of deferred gain 69 – – 69
Income tax expense (1,081) (118) (24) (1,223)
Share of profits of an associated company 47 – – 47
Total assets 172,821 2,425 28,034 203,280
Total assets includes:
Inves tment in an as sociated company 47 – – 47
Investment in a joint venture 20 – – 20
Additions to property, plant and
equipment 35,236 42 – 35,278
81 Annual Report 2009 Swissco International Limited