WCB 31.12.12 HALF YEAR RESULTS

Segment information cont c other segment information i

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: y Revenues from external customers are derived from the sale of dairy commodities on a wholesale basis and consumer goods on a wholesale and retail basis. A breakdown of revenue and results is provided in the table above. Segment revenue reconciles to total revenue as follows: 31 December 2012 $'000 449,887 Total revenue (216,755) 230,960 Intersegment eliminations 478,453 (218,927) Total segment revenue 31 December 2011 $'000 261,698 (ii) Adjusted EBIT The board and executive assess the performance of the operating segments based on a measure of EBIT. This measure excludes effects of any non-recurring expenditure from the operating segments such as restructuring costs. Furthermore, the measure excludes the effect of equity-settled share based payments, unrealised gains/(losses) on financial instruments and equity accounted share of profits/(losses) from joint venture partnerships. Interest income and expenditure are not allocated to segments, as this type of activity is driven by the central treas...
View Full Document

This note was uploaded on 09/04/2013 for the course AFIN 252 taught by Professor Stubbs during the Two '12 term at Macquarie.

Ask a homework question - tutors are online