inter roller fa final

Notes to the Financial Statements27 Statement of operations by segments (Cont’d)The Group2004 2003Business Segments - by industry types $ $Carrying amount of segment assetsAirport logistics 39,425,084 15,449,354Industrial automation logistics 1,311,725 425,06240,736,809 15,874,416Property, plant and equipment, investments, fixed depositsand other unallocated assets 27,279,003 32,047,676Consolidated total assets 68,015,812 47,922,092Other informationTurnover by location of customersSingapore 24,478,490 32,529,659Other Asean countries 29,715,080 6,195,738China 5,846,431 8,043,567Australia - 2,747,451Middle East 5,120,872 -Africa 2,377,881 -Europe 753,720 441,691Others (including India) 1,563,476 2,916,256Consolidated turnover 69,855,950 52,874,362Segment RevenueAll segment revenue is directly attributable to the segments.Segment Assets and LiabilitiesSegment assets include all operating assets used by a segment and consist principally of operating cash,receivables, inventory, contract work-in-progress and property, plant and equipment, net of allowances andprovisions. While most such assets can be directly attributed to individual segments, the carrying amount ofcertain assets used jointly by two or more segments is allocated to the segments on a reasonable basis.Segment liabilities include all operating liabilities and consist principally of accounts payables, wages and accruedliabilities. Segment assets and liabilities do not include income tax assets and liabilities.Inter-segment TransfersSegment revenue and segment results include transfer between business segments and between geographicalsegments. Such transfers are accounted for at competitive market prices charged to unaffiliated customersfor similar goods. Those transfers are eliminated on consolidation.28 Financial risk managementThe Group and The CompanyThe Group and the Company are exposed to market risk, including primarily changes in currency rates andinterest rates. The Group and the Company do not hold or issue derivative financial instruments for tradingpurposes.inter-roller engineering limited annual report2004 69