218 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
38 OPERATING SEGMENTS
(cont’d)
Operating Segments – 31 December 2013 (Restated)
CapitaLand
Singapore
$’000
CapitaLand
China
$’000
CapitaMalls
Asia
$’000
Ascott
$’000
Others
$’000
Elimination
$’000
Total
$’000
Revenue
External revenue
1,228,089
898,509
640,420
634,805
109,210
– 3,511,033
Inter-segment revenue
9,345
498
268
150
414,996
(425,257)
–
Total revenue
1,237,434
899,007
640,688
634,955
524,206
(425,257) 3,511,033
Segmental results
Company and subsidiaries
574,073
140,380
380,634
317,666
201,191
(257,996) 1,355,948
Associates
51,676
237,564
288,507
5,525
4,183
(1,523)
585,932
Joint ventures
123,384
9,743
175,786
159
7,608
–
316,680
Earnings before
interest and tax
749,133
387,687
844,927
323,350
212,982
(259,519) 2,258,560
Finance costs
(481,677)
Tax expense
(205,138)
Promt from
continuing operations
1,571,745
Promt from
discontinued operation
33,778
3URÀW IRU WKH \HDU
Segment assets
11,611,207 8,967,877 12,447,561 6,224,200 12,972,748 (7,160,494) 45,063,099
Segment liabilities
4,088,199 2,568,844 4,643,167 2,744,143 6,563,963
– 20,608,316
Other segment items:
Interest income
11,536
17,968
25,324
9,633
15,701
–
80,162
Depreciation and
amortisation
(6,224)
(2,223)
(9,552)
(34,949)
(9,713)
–
(62,661)
Provision made for
foreseeable losses
–
(23,008)
–
–
(2,346)
–
(25,354)
Allowance for impairment
losses for assets
(40)
(42,569)
(581)
(12,404)
(200,199)
191,961
(63,832)
Fair value gains on
investment properties
and assets held for sale
141,413
31,985
124,239
146,042
1,527
–
445,206
Share-based expenses
(6,714)
(3,600)
(13,187)
(4,017)
(10,655)
–
(38,173)
(Losses)/Gains on
disposal of investments
(12,573)
52,855
36,187
5,775
2,120
–
84,364
Associates
522,165 2,517,283 4,037,304
411,490 1,522,669
–
9,010,911
Joint ventures
1,201,327
401,588 1,973,024
3,261
83,115
–
3,662,315
Capital expenditure
#
252,077
77,255
427,427
90,285
64,644
^
–
911,688
#
Capital expenditure consists of additions of property, plant and equipment, investment properties and intangible assets.
^
Included $50.5 million from a discontinued operation.
