Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

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126Notes to the Financial Statements41. INFORMATION ABOUT BUSINESS SEGMENTSEnergy Rotary Industry Other Total for Communication Eliminations Companymachines automation operations continuing (Discontinued) as a whole2007 and and operationsproducts servicesREVENUE --------------------------------------------------------------------(Rupees in ‘000)-------------------------------------------------------------------External sales 13,043,980 1,613,043 3,263,117 687,665 18,607,805 3,293,947 - . 21,901,752Inter-segment sales 929,325 530,309 249,805 8,895 1,718,334 98,634 (1,816,968) - .Total revenue 13,973,305 2,143,352 3,512,922 696,560 20,326,139 3,392,581 (1,816,968) 21,901,752RESULTSegment result 1,168,158 127,356 366,963 (108,674) 1,553,803 1,801,036 - . 3,354,839Unallocated corporate expenses (198,492)3,156,347Interest expense (170,164)Interest income 258,878Income tax (763,739)Profit for the year 2,481,322Profit on sale of discontinuedoperations - net of income tax (1,497,628)Profit for the year fromdiscontinued operations (303,408)Profit for the year from continuingoperations 680,286OTHER INFORMATIONCapital expenditure 200,519 25,080 34,628 10,438 270,665 18,590 - .Depreciation and amortisation 69,715 13,787 28,903 15,399 127,804 29,849 - .Non-cash expenses other thandepreciation and amortisation (473) (249) (448) (443) (1,613) 1,048 - .ASSETS AND LIABILITIESSegment assets 8,545,980 1,388,023 1,541,925 1,581,097 13,057,025 - . - . 13,057,025Unallocated corporate assets 4,523,991Consolidated total assets 17,581,016Segment liabilities 4,869,636 1,068,448 1,428,378 242,639 7,609,101 - . - . 7,609,101Unallocated corporate liabilities 4,620,493Consolidated total liabilities 12,229,5942006REVENUEExternal sales 9,443,137 1,202,889 2,483,604 719,435 13,849,065 6,946,782 - . 20,795,847Inter-segment sales 476,349 557,787 243,859 1,190 1,279,185 226,364 (1,505,549) - .Total revenue 9,919,486 1,760,676 2,727,463 720,625 15,128,250 7,173,146 (1,505,549) 20,795,847RESULTSegment result 58,503 83,776 247,464 47,431 437,174 574,765 - . 1,011,939Unallocated corporate expenses (118,913)893,026Interest expense (109,738)Interest income 82,222Income tax (140,974)Profit for the year 724,536Profit on sale of discontinuedoperations - net of income tax - .Profit for the year fromdiscontinued operations (574,765)Profit for the year from continuingoperations 149,771OTHER INFORMATIONCapital expenditure 130,399 16,341 41,545 8,092 196,377 27,998 - .Depreciation and amortisation 49,287 11,282 22,840 5,228 88,637 75,112 - .Non-cash expenses other thandepreciation and amortisation 59,533 24,610 16,064 1,668 101,875 31,462 - .ASSETS AND LIABILITIESSegment assets 5,197,501 675,539 966,284 251,301 7,090,625 2,707,125 - . 9,797,750Unallocated corporate assets 3,089,046Consolidated total assets 12,886,796Segment liabilities 3,968,901 593,888 893,346 103,926 5,560,061 1,071,344 - . 6,631,405Unallocated corporate liabilities 3,186,075Consolidated total liabilities 9,817,480
Notes to the Financial Statements 12741.1 Included in total sales is an amount of Rs 5,610.671 million (2006: Rs 4,657.654 million) in respect of sales made in the region of United ArabEmirates. The carrying value of segment assets in that region as at September 30, 2007 was Rs 4,470.834 million (2006: Rs 2,964.430 million).The cost to acquire property, plant and equipment during the year in that region was Rs 26.827 million (2006: Rs 9.702 million).41.2 In order to comply with the requirements of International Accounting Standard 14 "Segment Reporting" the activities of Company have beengrouped into five segments of related products and services. The energy segment mainly relates to supply and installation of transformers,switchboards, and other related power generation, transmission, and distribution equipment and related services. Rotary machines and productsegment includes diesel generating sets, motors, alternators and drives etc. Industry automation and services segment includes designing,engineering and construction services in electrical field, mechanical field and information technology services. Communication segment coverssupply and installation of telecommunication and other related equipment and services. Other operations include supply and services of healthcare equipment and home appliances.41.3 The above mentioned segments do not necessarily match with the organisational structure of the Company.41.4 Segment assets and liabilitiesSegment assets include all operating assets used by a segment and consist principally of receivables, inventories and property, plant andequipment, net of allowances and provisions but do not include deferred income taxes. Segment liabilities include all operating liabilities andconsist principally of accounts payable, advances and accrued and other liabilities.42. GENERAL42.1 The financial statements were authorised for issue by the Board of Directors in their meeting held on November 15, 2007.Sohail Wajahat H. SiddiquiChief Executive OfficerGerhard WilckeChief Financial Officer & Director
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Automation & Drives 63Motors & Alte
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Automation & Drives 67IndustryThe n
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MOTAC 71Medical SolutionsGambat Ins
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Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

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