SEO Version
SEE HUP SENG LIMITED
Annual Report 2012
83
Notes to the Financial Statements
31 DECEMBER 2012
35
Segment Information
Products and services from which reportable segments derive their revenues
Segment information reported externally was analysed on the basis of the types of goods supplied and services
provided by the Group’s operating divisions. Information reported to the Group’s chief operating decision maker
for the purposes of resource allocation and assessment of segment performance is also focussed on the two
principal reportable segments of the Group. The Group’s reportable segments under FRS 108 are therefore
as follows:
–
Corrosion Prevention
–
Distribution
–
Others
The corrosion prevention segment provides coating services to marine, oil and gas, construction and
infrastructure industries.
The distribution segment distributes refined petroleum products.
Others segment consist of property development business and warehousing and storage handling services.
Information regarding the Group’s reportable segments is presented below.
(a)
Segment revenues and results
The following is an analysis of the Group’s revenue and results from continuing operations by reportable
segment:
Corrosion
prevention
Distribution
Others
Total
2012 2011 2012 2011 2012 2011 2012 2011
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
Segment revenue
35,322
36,531
217,762
208,902
3,832
–
256,917
245,433
Segment result
6,178
6,055
13,295
15,126
152
–
19,625
21,181
Impairment of goodwill
–
–
(454)
–
–
–
(454)
–
Finance cost
–
(7)
(1,212)
(1,118)
(2)
–
(1,214)
(1,125)
Share of loss of
associates,
net of tax
(20)
–
Central administration
costs and directors’
salaries
(12,274)
(11,666)
Other income
1,060
1,465
Profit before tax
6,723
9,855
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