221
CapitaLand Limited
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Notes to the Financial Statements
38 Operating Segments
(continued)
Operating Segments – 31 December 2014
CapitaLand
Singapore
$’000
CapitaLand
China
$’000
CapitaLand
Mall Asia
$’000
Ascott
$’000
Others
$’000
Elimination
$’000
Total
$’000
Revenue
External revenue
1,232,921
636,186 1,177,468
682,895
195,128
– 3,924,598
Inter-segment revenue
8,616
1,314
276
39
405,931
(416,176)
–
Total revenue
1,241,537
637,500 1,177,744
682,934
601,059
(416,176) 3,924,598
Segmental results
Company and subsidiaries
611,113
170,603
440,325
248,883
636,795
(640,714) 1,467,005
Associates
67,196
202,996
303,384
48,957
5,934
(1,639)
626,828
Joint ventures
124,374
35,502
201,453
(344)
(17,878)
–
343,107
Earnings before
interest and tax
802,683
409,101
945,162
297,496
624,851
(642,353) 2,436,940
Finance costs
(439,473)
Tax expense
(266,908)
Profit from continuing operations
1,730,559
Profit from discontinued operation
29,134
Profit for the year
1,759,693
Segment assets
11,753,783 10,497,957 13,245,960 6,886,655 8,447,364 (6,718,231) 44,113,488
Segment liabilities
4,166,311 3,153,220 4,681,717 3,163,167 5,740,542
– 20,904,957
Other segment items:
Interest income
7,444
11,384
19,242
9,213
10,005
–
57,288
Depreciation and
amortisation
(5,299)
(1,694)
(10,536)
(38,285)
(13,683)
–
(69,497)
(Allowance made)/
Reversal of provision
for foreseeable losses
(80,500)
(8,334)
–
(11,500)
17,523
–
(82,811)
Allowance for
impairment losses
for assets
(1,898)
(79)
(557)
(23)
(20,277)
(39,929)
(62,763)
Fair value gains/(losses)
on investment properties
and assets held for sale
327,744
38,902
24,152
72,311
(6,188)
–
456,921
Share-based expenses
(5,809)
(5,784)
(26,189)
(4,664)
(10,274)
–
(52,720)
Gains/(Losses) on
disposal of investments
1,863
7,782
(8,614)
2,835
1,238
–
5,104
Associates
580,514 2,818,578 5,065,528
285,962
39,117
–
8,789,699
Joint ventures
1,226,687
478,234 2,196,431
3,055
86,754
–
3,991,161
Capital expenditure
#
444,569
78,006
185,443
386,758
95,029
–
1,189,805
#
Capital expenditure consists of additions of property, plant and equipment, investment properties and intangible assets.
