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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
31. SEGMENT INFORMATION
Description of segments
Operating segments have been identified based on separate financial information that is regularly reviewed by the CIMIC CEO, who is also
the Chief Operating Decision Maker (“CODM”). The CIMIC Group is structured on a decentralised basis comprising the following main
segments and a corporate head office:
•
Construction
•
Mining & Mineral Processing
•
Services
•
HLG
•
Public Private Partnerships (“PPPs”)
•
Engineering
•
Commercial & Residential
•
Corporate
The performance of each segment forms the primary basis for all management reporting to the CODM.
Following the acquisition of UGL Limited (“UGL”) as outlined in Note 29:
Acquisitions and disposals of controlled entities and businesses
,
UGL’s results have been identified to be reportable in a separate segment called
Services
. Furthermore, following the acquisition of
Sedgman Limited as outlined in Note 29:
Acquisitions and disposals of controlled entities and businesses,
Sedgman Limited’s results are
reported along with the contract mining results in a newly expanded segment called
Mining & Mineral Processing
. Accordingly, the equity
accounted amounts of Sedgman Limited have been restated in the 12 months to 31 December 2015 period for comparative purposes,
from the Corporate segment to the Mining & Mineral Processing segment in accordance with AASB 8
Operating Segments
.
The types of activities fromwhich segments derive revenue, are included in Note 2:
Revenue
. The Group’s share of revenue from associates
and joint ventures is included in the revenue reported for each applicable operating segment. Performance is measured based on segment
result. The corporate segment represents the corporate head office and includes transactions relating to Group finance, taxation, treasury,
corporate secretarial and certain strategic investments. Included within the corporate segment disclosed are the results of the non-
reportable segments.
Geographical information
Revenue
Non-current assets
Geographical information
12 months to
December 2016
$m
12 months to
December 2015
$m
December 2016
$m
December 2015
$m
Australia Pacific
7,339.9
8,530.3
1,288.2
774.2
Asia, Middle East, Americas & Africa
3,513.7
4,750.5
1,360.3
1,341.3
Total
10,853.6
13,280.8
2,648.5
2,115.5
Revenue is allocated based on the geographical location of the entity generating the revenue. Assets are allocated based on the
geographical location of the assets. Geographical non-current assets comprise: inventories; development properties; property, plant
and equipment; and intangibles.
Major customers
No revenue from transactions with a single external customer amount to 10% or more of the Group’s revenue.
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