Annual Report 2015
FINANCIAL SECTION
141
6 REVENUES AND SEGMENT INFORMATION
Revenues recognised during the year are as follows:
2015
2014
HK$m
HK$m
Revenues
Property sales
25,681.9
29,329.2
Rental
2,401.5
2,348.3
Contracting
8,456.7
7,122.3
Provision of services
7,387.3
6,664.5
Infrastructure operations
2,470.7
2,345.8
Hotel operations
4,060.8
3,751.4
Department store operations
3,913.0
3,975.4
Others
873.1
964.2
Total
55,245.0
56,501.1
The Executive Committee of the Company, being the chief operating decision-maker, determines and reviews
the Group’s internal reporting in order to assess performance and allocate resources. The operating segments are
determined based on the afore-mentioned internal reporting. The Executive Committee considers the business
from product and service perspectives, which comprises property development, property investment, service,
infrastructure, hotel operations, department stores and others (including telecommunication, media and technology
and other strategic businesses) segments.
The Executive Committee assesses the performance of the operating segments based on each segment’s
operating profit. The measurement of segment operating profit excludes the effects of changes in fair value of
investment properties, unallocated corporate expenses and non-recurring events. In addition, financing income and
costs are not allocated to segments.
Sales between segments are carried out in accordance with terms agreed by the parties involved.
