30.
SEGMENT INFORMATION (CONTINUED)
Trading
Manu-
facturing
Adjustment/
elimination Group
$’000
$’000
$’000
$’000
Financial year ended
31 December 2015
REVENUE
Sales to external customers
110,486
17,383
–
127,869
Inter-segment sales (Note A)
13,238
1,219
(14,457)
–
Total
123,724
18,602
(14,457)
127,869
RESULTS
(Loss)/Profit from operations
(Note C)
(8,968)
1,281
(820)
(8,507)
Interest expense
(239)
–
–
(239)
Interest income
42
32
–
74
Share of associate results
415
2,621
–
3,036
Segment (loss)/profit
(8,750)
3,934
(820)
(5,636)
Income tax expense
(12)
Loss for the year
(5,648)
OTHER INFORMATION
Debit/(Credit):
Investment in associates
475
49,028
–
49,503
Additions to non-current assets
(Note B)
2,690
129
(237)
2,582
Depreciation and amortisation of
assets
1,520
918
13
2,451
Recognition of deferred income
(1,429)
–
–
(1,429)
Impairment of property, plant and
equipment
538
–
–
538
Write down/write off of inventories
1,953
220
–
2,173
Fair value loss on derivatives
59
–
–
59
ASSETS AND LIABILITIES
Segment assets (Note A)
143,763
26,937
(18,225)
152,475
Income tax recoverable
61
Total assets
152,536
Segment liabilities (Note A)
46,836
8,638
(32,287)
23,187
Tax payable
13
Total liabilities
23,200
109
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
