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Whitehaven Coal Limited : Annual Report 2010
76 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2010 6. SEGMENT REPORTING a)I dentification of reportable segments The Group has identified its operating segments based on the internal reports that are reviewed and used by the executive management team (the chief operating decision makers) in assessing performance and in determining the allocation of resources. The operating segments are identified by management based on "operations at individual mine sites". Discrete financial information about each of these operating segments is reported to the executive management team on at least a monthly basis. The reportable segments are based on aggregated operating segments determined by mining operations. The Group has determined that it has two reportable segments: Open Cut Operations and Underground Operations. The following table represents revenue and profit information for reportable segments for the years ended 30 June 2010 and 30 June 2009. The Group's financing (including finance costs and finance income), depreciation and income taxes are managed on a group basis and are not allocated to reportable segments. Information in relation to the Underground Operations segment has not yet been provided as the Narrabri project remained in the development phase until the close of the year ended 30 June 2010 and had no revenue or results. In thousands of AUD Open Cut Operations Total Year ended 30 June 2010 Revenue Sales to external customers 418,106 418,106 Total segment revenue 418,106 418,106 Difference in treatment of foreign exchange on hedges (11,299) Total revenue per statement of comprehensive income 406,807 Result Segment result 109,808 109,808 Depreciation and amortisation (32,025) Income tax expense (excluding significant items) (23,595) Significant items after income tax 59,776 Net interest income 920 Net profit after tax per statement of comprehensive income 114,884 Capital expenditure for the year amounted to $111,596,000 for open cut operations and $126,647,000 for underground operations.
Annual Report 2009
Annual Report 2011