New World Development Company Limited
NOTES TO CONDENSED ACCOUNTS
26
3 Revenues and segment information
(continued)
Property
development
Property
investment
Service Infrastructure
Hotel
operations
Department
stores
Others Consolidated
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
For the six months ended
31 December 2015
Total revenues
17,820.5
1,376.4
13,673.0
1,252.4
1,074.8
1,894.4
532.8
37,624.3
Inter–segment
–
(120.6)
(3,682.3)
–
–
(1.1)
(42.1)
(3,846.1)
Revenues–external
17,820.5
1,255.8
9,990.7
1,252.4
1,074.8
1,893.3
490.7
33,778.2
Segment results
4,155.2
774.5
511.0
530.8
(11.2)
155.6
(45.0)
6,070.9
Other (losses)/gains, net (Note d)
91.6
5.1
110.8
92.4
768.7
(6.5)
(1,225.6)
(163.5)
Changes in fair value of
investment properties
–
(548.1)
584.8
–
–
–
–
36.7
Unallocated corporate expenses
(630.5)
Operating profit
5,313.6
Financing income
435.4
Financing costs
(744.7)
5,004.3
Share of results of
Joint ventures (Note a)
(101.4)
246.9
(94.6)
900.4
(37.9)
–
(50.4)
863.0
Associated companies (Note b)
(0.5)
75.7
(31.6)
329.9
–
–
3.2
376.7
Profit before taxation
6,244.0
Taxation
(1,752.4)
Profit for the period
4,491.6
As at 31 December 2015
Segment assets
123,745.4
93,884.7
13,614.0
15,096.6
13,091.9
6,256.5
11,335.5
277,024.6
Interests in joint ventures
11,701.4
12,085.5
3,737.0
14,414.9
6,015.8
–
1,017.2
48,971.8
Interests in associated companies
1,059.4
2,856.0
6,521.7
7,482.9
1.1
–
342.1
18,263.2
Unallocated assets
65,423.2
Total assets
409,682.8
Segment liabilities
25,152.6
1,632.6
7,294.8
652.4
653.7
4,487.6
1,753.7
41,627.4
Unallocated liabilities
150,703.0
Total liabilities
192,330.4
For the six months ended
31 December 2015
Additions to non-current assets
(Note c)
7,201.2
3,001.7
399.2
159.4
1,574.8
97.2
457.1
12,890.6
Depreciation and amortisation
44.4
19.9
89.9
412.2
217.8
189.0
69.7
1,042.9
Impairment charge and provision
–
–
–
–
–
–
–
–
