AHL 2007 Annual Report - Notes to the Financial Statements

NOTES TO THE FINANCIAL STATEMENTS CONTINUED

NOTE 2 — SEGMENT REPORTING (CONTINUED)

Cinema Enter-Less Dis-Con-
Cinema Exhibition tainment Thredbo continued solidated
Exhibition Inter-Tech-Alpine Leisure/ Strategic Con-Leisure/ continuing
Domestic national nology Hotels Resort Attractions Investments Other solidated Attractions operations
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
2006
Business segments
Revenue and other income
External segment
revenues 108,306 299,898 16,551 106,779 48,202 17,712 — 4,804 602,252 (9,756) 592,496
Other income 2,154 — — 215 — — — 7,839 10,208
2,152
—
—
10,208
2,152
Other unallocated
revenue
Total revenue
and other income 614,612 (9,756) 604,856
Result
Segment result 17,345 (14,146) 826 24,756 10,634 1,393 — 9,501 50,309 261 50,570
Share of net profit
of equity accounted
investments 19,778 5,905 2,996 — — — 16,836 — 45,515 — 45,515
37,123 (8,241) 3,822 24,756 10,634 1,393 16,836 9,501 95,824 261 96,085
Unallocated revenue
and expenses (9,841) — (9,841)
Net financing costs (9,640) — (9,640)
Profit before income
tax expense 76,343 261 76,604
Income tax expense (16,835) (712) (17,547)
Profit after income
tax expense 59,508 (451) 59,057
Minority interest (67) — (67)
Net profit 59,441 (451) 58,990
Depreciation, amortisation
and impairment 6,141 16,182 75 6,706 5,127 789 — 911 35,931 (397) 35,534
Non-cash expenses/
(income) other than
depreciation, amortisation
and impairment 1,230 (1,159) 138 290 542 211 48 (260) 1,040 — 1,040

NOTE 2 — SEGMENT REPORTING (CONTINUED)

Cinema
Exhibition
Domestic
Cinema
Exhibition
International
Entertainment
Technology Hotels
Thredbo
Alpine
Resort
Leisure/
Attractions
Strategic
Investments Other
Consolidated
Less Discontinued
Leisure/
Attractions
Consolidated
continuing
operations
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
2006
Individually significant items
Other income
Disposal and restructure
of certain cinema
partnerships 2,154
Doubtful debtor
allowance reversal —
Profit on sale of investments
in a listed company —
Plant and equipment
impairment write-downs
Impairment write-downs
in carrying value of
underperforming cinema sites —
Impairment write-down
of furnishings and replacement
items due to hotel
revitalisation program —
Other expenses
Lease renegotiation payment —
Write-back of onerous
lease provision —
Individually significant items
in equity accounted results
Share of write-down in carrying
value of underperforming
cinema sites in
partnership (1,000)
—
2,365
—
(5,174)
—
(1,624)
—
—
—
—
—
—
—
—
—
—
—
—
—
—
(2,080)
—
2,250
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5,759
—
—
—
—
—
2,154
2,365
5,759
(5,174)
(2,080)
(1,624)
2,250
(1,000)
—
—
—
—
—
—
—
—
2,154
2,365
5,759
(5,174)
(2,080)
(1,624)
2,250
(1,000)
1,154 (4,433) — 170 — — — 5,759 2,650 — 2,650
Cinema
Exhibition
Domestic
Cinema
Exhibition
International
Entertainment
Technology Hotels
Thredbo
Alpine
Resort
Leisure/
Attractions
Strategic
Investments Other
Consolidated
Consolidated
continuing
operations
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Assets
Segment assets 84,121 107,535 7,050 162,213 47,980 17,888 — 151,535 578,322 578,322
Equity accounted investments 120,691 17,851 5,016 — — — 52,740 — 196,298 196,298
Unallocated corporate assets 29,208 29,208
Consolidated total assets 803,828 803,828
Liabilities
Segment liabilities 33,276 90,032 3,969 27,228 7,279 701 — — 162,485 162,485
Unallocated corporate liabilities 179,489 179,489
Consolidated total liabilities 341,974 341,974
Acquisitions of non-current assets 2,747 2,428 105 5,984 2,868 88 — 85,947 100,167 100,167
Secondary reporting — geographical segments
Australia & NZ
$’000
Europe
$’000
Other
$’000
Consolidated
$’000
External segment revenue 290,951 301,545 — 592,496
Segment assets by location of assets 673,095 116,993 13,740 803,828
Acquisition of non-current assets 97,739 2,428 — 100,167

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