87
Straco Corporation Limited • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
26
Segment reporting (cont’d)
-
Giant Observation Wheel (“GOW”) – This represents the operation of a circular giant observation structure, and provision of commercial space.
Other operations include the operation of cable-car facility and show performances. None of these segments meets any of the quantitative thresholds
for determining reportable segments in 2014 or 2013.
Information regarding the results of each reportable segment is included below. Performance is measured based on segment profit before income tax,
as included in the internal management reports that are reviewed by the Group’s EC and Chief Operating Decision Maker. Segment profit is used to
measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other
entities that operate within these industries.
Information about reportable segments
Aquariums
Giant Observation Wheel
Others
Total
2014
2013
2014
2013
2014
2013
2014
2013
$
$
$
$
$
$
$
$
External revenue
84,804,673 68,880,906 3,702,269
– 3,815,223 3,959,481 92,322,165 72,840,387
Interest income
3,116,428 3,052,289
–
–
152,180 169,112 3,268,608 3,221,401
Interest expense
–
– (130,519)
–
(8,959)
(8,450)
(139,478)
(8,450)
Other material non-cash items:
- Depreciation and amortisation
(3,731,358) (3,729,557)
(700,558)
–
(92,525)
(133,535) (4,524,441) (3,863,092)
Reportable segment profit before
income tax
62,648,764 49,009,547 (597,964)
– 1,198,272 2,668,500 63,249,072 51,678,047
Reportable segment assets
143,456,566 130,421,960 154,098,200
– 9,011,431 10,893,575 306,566,197 141,315,535
Capital expenditure
831,941 999,584 139,111,193
–
215,960 406,741 140,159,094 1,406,325
Reportable segment liabilities
10,440,881 47,704,217 124,703,873
– 3,501,135 4,765,147 138,645,889 52,469,364
