220
CapitaLand Limited
Annual Report 2015
Notes to the Financial Statements
38 Operating Segments
(continued)
Operating Segments – 31 December 2015
CapitaLand
Singapore
$’000
CapitaLand
China
$’000
CapitaLand
Mall Asia
$’000
Ascott
$’000
Others
$’000
Elimination
$’000
Total
$’000
Revenue
External revenue
1,217,792 2,038,916
660,578
743,817
100,751
– 4,761,854
Inter-segment revenue
11,337
348
2,016
270
773,937
(787,908)
–
Total revenue
1,229,129 2,039,264
662,594
744,087
874,688
(787,908) 4,761,854
Segmental results
Company and subsidiaries
375,018
497,372
352,095
314,685
939,076
(888,239) 1,590,007
Associates
29,345
151,611
282,147
11,797
(10,909)
(1,715)
462,276
Joint ventures
92,006
15,595
160,047
(520)
(3,385)
–
263,743
Earnings before
interest and tax
496,369
664,578
794,289
325,962
924,782
(889,954) 2,316,026
Finance costs
(477,267)
Tax expense
(343,503)
Profit for the year
1,495,256
Segment assets
10,787,395 12,953,284 13,721,813 7,212,215 9,110,387 (6,732,501) 47,052,593
Segment liabilities
3,707,603 4,797,339 4,336,717 3,558,204 5,715,068
– 22,114,931
Other segment items:
Interest income
6,684
18,551
15,952
8,353
6,094
–
55,634
Depreciation and
amortisation
(4,041)
(2,057)
(12,803)
(40,070)
(16,911)
–
(75,882)
(Allowance made)/
Reversal of provision
for foreseeable losses
(109,183)
(63,801)
–
–
4,724
–
(168,260)
(Allowance made)/
Reversal of provision
for impairment losses
for assets
(12)
(64)
(2,266)
(4,222)
15,582
(7,382)
1,636
Fair value gains on
investment properties
and assets held for sale
131,736
136,386
50,394
87,520
3,624
–
409,660
Share-based expenses
(5,234)
(6,041)
(9,459)
(4,443)
(10,165)
–
(35,342)
(Losses)/Gains on
disposal of investments
(16,979)
15,761
(22,890)
13,017
3,923
–
(7,168)
Associates
52,057 2,540,734 5,404,345
128,499
49,308
–
8,174,943
Joint ventures
1,303,828
818,909 2,479,454
12,950
68,044
–
4,683,185
Capital expenditure
#
50,749
147,003
969,384
413,677
8,861
–
1,589,674
#
Capital expenditure consists of additions of property, plant and equipment, investment properties and intangible assets.
