HAW PAR CORPORATION LIMITED
102
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
27. SEGMENTAL REPORTING
At 31 December 2014, the Group is organised into the following main business segments:
• Manufacturing, marketing and trading of healthcare products;
• Provision of leisure-related goods and services;
• Property rental; and
• Investments in securities.
Healthcare division principally manufactures and distributes topical analgesic products under the “Tiger Balm”
and “Kwan Loong” brand.
Leisure division provides family and tourist oriented leisure alternatives mainly in the form of oceanariums.
Property division owns and leases out several investment properties in the Asia region.
Investment division engages in investing activities, mainly in quoted and unquoted securities in Asia region.
Inter-segment transactions are determined on an arm’s length basis. Unallocated costs represent corporate expenses.
Segment assets consist primarily of available-for-sale financial assets, investment properties, property, plant and
equipment, intangible assets, inventories, receivables, and cash and bank balances. Segment liabilities comprise
operating liabilities and exclude tax liabilities. Capital expenditure on non-current assets comprises additions to
investment properties, property, plant and equipment, intangible assets and investment in associated companies.
The Group evaluates performance on the basis of profit or loss from operations before tax expenses and management
fees charged internally and exclude non-recurring gains and losses.
The Group accounts for inter-segment sales and transfers as if the sales or transfers were to third parties, ie. at
current market prices.
The Group’s reportable segments are strategic and distinct business units reporting to key group management.
They are managed separately because each business targets different customers and carry different business risk.
