Interim Report 2015/2016
NOTES TO CONDENSED ACCOUNTS
25
3 Revenues and segment information
Revenues (representing turnover) recognised during the period are as follows:
For the six months ended
31 December
2015
2014
HK$m
HK$m
Revenues
Property sales
17,820.5
11,861.4
Rental
1,255.8
1,198.9
Contracting
6,143.6
4,506.9
Provision of services
3,847.1
3,581.8
Infrastructure operations
1,252.4
1,324.4
Hotel operations
1,074.8
2,041.7
Department store operations
1,893.3
2,006.9
Others
490.7
464.3
Total
33,778.2
26,986.3
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 products and services perspectives, which comprises property development, property investment,
service, infrastructure, hotel operations, department stores and others (including telecommunications, 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.
