8. Segment information
HKFRS 8 requires operating segments to be identified on the basis of internal reports about components of the Group. Such internal reports are regularly reviewed by the chief operating decision maker (i.e. the chairman and managing director of the Group) in order to allocate resources to segments and to assess their performance. The Group’s reportable segments under HKFRS 8 are as follows:
gross rental income and building management service income from leasing of furnished apartments and properties held for investment potential.
hotels accommodation, food and banquet operations.
dividend income from Champion REIT, management service income for acting as the manager of Champion REIT and provision of property management service to Champion REIT.
sales of building materials, restaurant operation, fitness centre operation, investment in securities, provision of property management, maintenance, property agency and insurance agency services.
Income from Champion REIT
Segment results represent the results by each segment without including any effect of allocation of interest income from bank balances and cash centrally managed, central administration costs, directors’ salaries, share of results of associates, share of results of a jointly controlled entity, depreciation and amortisation, fair value changes on investment properties, derivative financial instruments and financial assets carried at FVTPL, income from discounted payoff of borrowings, impairment loss recognised in respect of a hotel property, finance costs and income taxes. This is the measurement basis reported to the chief operating decision maker for the purposes of resource allocation and performance assessment.
Annual Report 2010