Notestothefinancialstatements
For the financial year ended31December 2015
4.
Segment information
Formanagement purposes, theGroup is organised into business units based on their products and services, and has three reportable operating segments
as follows:
(i)
The marine offshore segment is essentially the Group’s principal business activity as manufacturers and providers of specialised marine offshore
equipment and services for theoil andgas industry.
(ii)
The investments segment relates to theGroup’s investments inavailable-for-sale investments.
(iii) The corporate segment is involved inGroup-level corporate servicesand treasury functions.
Except as indicatedabove, nooperating segmentshavebeenaggregated to form theabove reportableoperating segments.
Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance
assessment. Segment performance is evaluated based on operating profit or loss which in certain respects, as explained in the following table, ismeasured
differently fromoperatingprofit or loss in the consolidated financial statements.
Transfer pricesbetweenoperating segments, if any, areonarm’s lengthbasis inamanner similar to transactionswith thirdparties.
4.
Segment information (cont’d)
Marineoffshore
Investments
Corporate
Adjustments
and
elimination
Perconsolidated
financial
statements
2015
2014
2015
2014
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Revenue–external customers
54,064
86,272
–
–
–
–
–
–
54,064
86,272
Results:
EBITDA *
10,916
21,951
115
(615)
565
(752)
(1,580)
(804)
10,016
19,780
Depreciationandamortisation
(1,805)
(2,204)
(1)
(1)
(5)
(6)
–
–
(1,811)
(2,211)
Interest income
35
74
393
350
664
472
–
–
1,092
896
Inventorieswrittendown
(625)
(1,950)
–
–
–
–
–
–
(625)
(1,950)
Write-back/(provision) forwarranty
2,452
(189)
–
–
–
–
–
–
2,452
(189)
Segment profit/(loss)
10,973
17,682
507
(266)
1,224
(286)
(1,580)
(804)
11,124
16,326
Segment assets
108,769
90,569
9,720
8,797
128,401
136,707
(824)
(24)
246,066
236,049
Segment liabilities
16,312
18,323
67
120
774
705
–
–
17,153
19,148
Other segment information:
Purchaseof investment securities
–
–
1,183
5,740
–
–
–
–
1,183
5,740
Additions tonon-current assets
11,554
4,743
–
3
–
805
–
–
11,554
5,551
* Earningsbefore interest, taxation, depreciationandamortisation
98
99
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
