111
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
30.
SEGMENT INFORMATION (CONT’D)
Trading
Manu-
facturing
Adjustment/
elimination
Group
$’000
$’000
$’000
$’000
Financial year ended
31 December 2013
REVENUE
Sales to external customers
228,733
37,313
–
266,046
Inter-segment sales (Note A)
32,346
20,957
(53,303)
–
Total
261,079
58,270
(53,303)
266,046
RESULTS
Profit/(loss) from operations (Note C)
526
(960)
(3,617)
(4,051)
Interest expense
(1,535)
(234)
42
(1,727)
Interest income
193
1
(42)
152
Share of associate results
249
8,581
–
8,830
Segment (loss)/profit
(567)
7,388
(3,617)
3,204
Income tax credit
55
Profit for the year
3,259
OTHER INFORMATION
Debit/(Credit):
Investment in associates
1,124
47,504
–
48,628
Additions to non-current assets (Note B)
1,898
1,911
(82)
3,727
Depreciation and amortisation of
assets
1,571
1,025
(242)
2,354
Recognition of deferred income
(1,309)
–
–
(1,309)
Write down of inventories
39
–
–
39
Fair value gain from derivatives
(12)
(22)
–
(34)
ASSETS AND LIABILITIES
Segment assets (Note A)
268,513
37,460
(70,027)
235,946
Income tax recoverable
115
Total assets
236,061
Segment liabilities (Note A)
153,405
19,239
(75,822)
96,822
Tax payable
77
Deferred tax liabilities
9
Total liabilities
96,908
Notes:
(A) Segment assets and liabilities include balances with companies in the Group. Inter-segment sales, assets and
liabilities are eliminated on consolidation.
(B) Additions to non-current assets consist of additions to property, plant and equipment and intangible assets.
(C) Other non-cash expenses consist of inventories written-down, provisions, and impairment of financial assets
as presented in the respective notes to the financial statements.
