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Whitehaven Coal Limited : Annual Report 2011
80 noteS to the Financial StatementS 30 june 2011 6. sEGmENT REPORTiNG a) identification 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 2011 and 30 June 2010 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 In thousands of AUD Open cut operations Underground operations Total Year ended 30 June 2011 Revenue Sales to external customers 651,416 10,0871 661,503 Total segment revenue 651,416 10,087 661,503 Capitalisation of Narrabri development production revenue (10,087) Difference in treatment of foreign exchange on hedges (29,230) Total revenue per statement of comprehensive income 622,186 Result Segment result 94,576 – 94,576 Depreciation and amortisation (40,938) Income tax expense (excluding significant items) 26,251 Significant items after income tax (63,353) Net interest income (6,590) Net profit after tax per statement of comprehensive income 9,946 1 Sales to external customers for underground operations relate to sales of Narrabri development production coal Capital expenditure for the year amounted to $55,336,000 for open cut operations and $104,426,000 for underground operations
Annual Report 2010
Annual Report 2012