KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
96
NOTES
TO THE FINANCIAL STATEMENTS
23
OPERATING SEGMENTS (Cont’d)
Offshore Rig
Services and
Supply Chain
Management
Vessel Sales
and Newbuild The Group
$’000
$’000
$’000
2013
Total revenue from external customers
83,852
961
84,813
Inter-segment revenue
4,166
–
4,166
Total segment revenue
88,018
961
88,979
Other income
969
–
969
Finance costs
(719)
(3)
(722)
Segment results
20,065
281
20,346
Tax expense
(3,253)
Profit for the year
17,093
Segment assets
91,997
–
91,997
Segment liabilities
34,497
–
34,497
Capital expenditure
9,389
–
9,389
Significant non-cash expenses
- Depreciation
4,427
–
4,427
- Reversal of allowance for inventory
obsolescence
(3,998)
–
(3,998)
- Impairment reversed in relation to trade and
other receivables
422
–
422
Reconciliations of reportable segment revenues, profit or loss, assets and liabilities and other
material items
Group
2014
2013
$’000
$’000
Revenues
Total revenue for reportable segments
82,009
88,979
Elimination of inter-segment revenue
(4,031)
(4,166)
Consolidated revenue
77,978
84,813
Other material items
Other income for reportable segments
2,448
969
Adjustments
–
(127)
Consolidated other income
2,448
842
