222
CapitaLand Limited
Annual Report 2015
Notes to the Financial Statements
38 Operating Segments
(continued)
Geographic Information
Singapore
$’000
China
1
$’000
Other Asia
2
$’000
Europe and
Others
3
$’000
Group
$’000
2015
External revenue
1,556,528
2,336,448
487,951
380,927
4,761,854
Earnings before interest and tax
919,987
910,292
314,713
171,034
2,316,026
Earnings before interest, tax,
depreciation and amortisation
952,589
923,137
4
324,513
5
191,669
6
2,391,908
Non-current assets
7
13,140,046
13,571,206
4,183,232
2,660,565
33,555,049
Total assets
17,650,093
21,459,500
5,163,255
2,779,745
47,052,593
2014
External revenue
2,145,274
865,261
558,527
355,536
3,924,598
Earnings before interest and tax
1,284,602
751,153
298,756
102,429
2,436,940
Earnings before interest, tax,
depreciation and amortisation
1,312,505
763,266
4
308,179
5
122,487
6
2,506,437
Non-current assets
7
14,063,179
11,180,701
3,778,912
2,417,592
31,440,384
Total assets
18,664,898
18,269,007
4,671,483
2,508,100
44,113,488
1
China includes Hong Kong.
2
Other Asia includes Indonesia, Japan, Malaysia, Philippines, Thailand, Korea, India, Vietnam and Gulf Cooperation Council countries.
3
Europe and Others include Australia and United States of America.
4
Included loss from Hong Kong amounting to $4.4 million (2014: profit of $5.2 million).
5
Included contribution from Japan and Korea amounting to $126.8 million (2014: $66.5 million).
6
Included contribution from France, Germany, Belgium, United Kingdom, Spain, Australia and United States of America amounting to
$191.5 million (2014: $124.8 million).
7
Non-current assets comprised property, plant and equipment, intangible assets, investment properties, associates and joint ventures.
39 Discontinued Operation
The discontinued operation in 2014 relates to Australand, a major diversified property group in Australia. In March 2014,
the Group completed the sale of its 39.1% stake in Australand through a secondary placement of its stapled securities
and Australand ceased to be an associate of the Group.
In 2014, Australand contributed net profit of $16.3 million to the Group’s results prior to its divestment. The Group recorded
a gain of $12.8 million from the sale (net of tax on gain on sale of discontinued operation of $6.2 million) and the impact
of the discontinued operation on the consolidated cash flow of the Group for investing activities was $952.4 million.
40 Subsequent Event
On 5 February 2016, the Group entered into sale and purchase agreements to dispose its entire interest in two wholly
owned subsidiaries, Somerset Zhongguancun (S) Pte. Ltd. (SZGC) and Beijing Yuanyue Property Management Co., Ltd.
(BYY) for a total consideration of $125.3 million, to unrelated third parties. SZGC owns a serviced apartment located in
Beijing and BYY provides property management services to the property. The Group is expected to recognise a gain of
approximately $68 million arising from the transaction.
