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Annual Report 2013 LifeBrandz Ltd
Notes to the Financial Statements
31 July 2013
29. Segment information (cont’d)
(a) Geographical segment
Singapore Thailand Consolidated
2013 2012 2013 2012 2013 2012
$’000 $’000 $’000 $’000 $’000 $’000
Revenue:
Sales to external customers 21,853 26,467 1,010 949 22,863 27,416
Results:
Interest income 14 10 – – 14 10
Depreciation 802 2,363 160 155 962 2,518
Amortisation 268 – – – 268 –
Other non-cash expenses(1) – 570 – – – 570
Segment proft/(loss) 202 (4,333) – (108) 202 (4,441)
Assets:
Property, plant and equipment 4,380 3,140 300 445 4,680 3,585
Additions to non-current assets 4,558 3,531 2 – 4,560 3,531
Segment assets(2) 11,568 7,639 589 642 12,143 8,267
Segment liabilities(3) 6,566 5,749 760 808 6,642 5,807
(1)Other non-cash expenses relates to property, plant and equipment written off as presented in the respective notes to the
fnancial statements.
(2)Segment assets relate to total assets of the respective segment. Inter-segment assets of $14,000 (2012: $14,000) are deducted
from segment assets to arrive at total assets reported in the consolidated statement of fnancial position.
(3)Segment liabilities relate to total liabilities of the respective segment. Inter-segment liabilities of $684,000 (2012: $750,000)
are deducted from segment liabilities to arrive at total liabilities reported in the consolidated statement of fnancial position.
(b) Information on major customers
The Group generates its revenue from transactions with numerous customers and no customer contributes more
than 10% of the Group’s revenue.
30. Financial risk management objectives and policies
The Group and the Company is exposed to fnancial risks arising from its operations and the use of fnancial instruments.
The key fnancial risks arising from the Group’s fnancial instruments include credit risk and liquidity risk. The board
of directors reviews and agrees policies and procedures for the management of these risks, which are executed by the
Chief Financial Offcer. The audit committee provides independent oversight to the effectiveness of the risk management
process.
The Group’s principal fnancial instruments comprise cash and fxed deposits. The main purpose of these fnancial
instruments is to raise fnance for the Group’s operations. The Group has various other fnancial assets and liabilities
such as trade receivables and trade payables, which arise directly from its operations.
It is, and has been throughout the current and previous fnancial year, the Group’s policy that no trade in derivative
fnancial instruments shall be undertaken.
The following sections provide details regarding the Group’s and the Company’s exposure to the above-mentioned
fnancial risks and the objectives, policies and processes for the management of these risks.
There have been no changes to the Group’s exposure to these fnancial risks or the manner in which it manages and
measures the risks.