Collins Foods Limited - Annual Report 2013 - page 41

Collins Foods Limited
Annual Report 2013
41
The following is an analysis of the Group’s assets and liabilities by reportable operating segment.
The amounts provided to the Board with respect to total assets and liabilities are measured in a manner consistent with that of the
financial statements. The values are allocated based on the operations of the segment.
KFC
Restaurants
$000
Sizzler
Restaurants
$000
Shared
Services
$000
All other
segments
$000
Total
$000
2013
Assets
384,208
72,010
35,006
4,614
495,838
Inter-segment eliminations
(143,572)
(11,480)
0
0
(155,052)
240,636
60,530
35,006
4,614
340,786
Liabilities
4,729
1,755
303,499
360
310,343
Inter-segment eliminations
0
(111)
(154,487)
(454)
(155,052)
4,729
1,644
149,012
(94)
155,291
2012
Assets
389,949
69,522
30,301
3,857
493,629
Inter-segment eliminations
(152,200)
(6,389)
0
(779)
(159,368)
237,749
63,133
30,301
3,078
334,261
Liabilities
3,647
3,060
307,704
(50)
314,361
Inter-segment eliminations
0
(1,798)
(157,570)
0
(159,368)
3,647
1,262
150,134
(50)
154,993
Other segment information
Segment revenue
There are no sales between segments. The revenue from external parties reported to the Board is measured in a manner consistent
with that in the Consolidated Income Statement.
Revenue from external customers is derived from the sale of food in KFC and Sizzler Restaurant outlets.
Adjusted EBITDA
The Board assesses the performance of the operating segments based on a measure of adjusted EBITDA. This measurement basis
excludes the effects of reorganisation and IPO income and expenditure from the operating segments including restructuring costs
and legal expenses. Impairment of property, plant, equipment and franchise rights are excluded to the extent they are isolated
non-recurring events relating to individual restaurants. Net finance costs (including the impact of derivative financial instruments)
are not allocated to segments as financing activities are driven by the central treasury function, which manages the cash position of
the Group.
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