Annual Report

Notes to the Financial Statements

Washington H. Soul Pattinson and Company Limited

Annual Report 2016

Group Structure and Performance

NOTE 3

SEGMENT INFORMATION – HOW THE GROUP IS ORGANISED AND MANAGED

(continued)

a) Reporting segments

(continued)

Investing

activities

Energy

Copper

and Gold

operations

Corporate

advisory

Property

Intersegment/

unallocated

Consolidated

$’000

Year ended 31 July 2015

Revenue from external customers

108,679 465,420

51,636

1,949

2,290

11,630 641,604

Intersegment revenue

37,758

–

6,152

2,100

(46,010)

–

Total revenue

146,437 465,420

51,636

8,101

4,390

(34,380)

641,604

Regular profit/(loss) before income tax

209,290

31,546

(9,967)

4,866

9,251

(41,897)

203,089

Non-regular items before tax (note 3b)

23,957

(79,880)

(88,563)

–

(144,486)

Profit/(loss) before income tax

233,247

(48,334)

(98,530)

4,866

9,251

(41,897)

58,603

Less income tax benefit/(expense)

(28,773)

14,898

24,884

(296)

(831)

7,069

16,951

Profit/(loss) after tax

204,474

(33,436)

(73,646)

4,570

8,420

(34,828)

75,554

Less loss/(profit) attributable to

non-controlling interests

(4,687)

13,493

–

(1,030)

–

7,776

Profit/(loss) after tax attributable

to members

199,787

(19,943)

(73,646)

4,570

7,390

(34,828)

83,330

Profit/(loss) after tax attributable

to members (as above)

199,787

(19,943)

(73,646)

4,570

7,390

(34,828)

83,330

Non-regular loss/(profit) after tax attributable

to members (note 3b)

(19,648)

35,066

63,657

–

79,075*

Regular profit/(loss) after tax

attributable to members

180,139

15,123

(9,989)

4,570

7,390

(34,828)

162,405*

Profit/(loss) before income tax includes

the following items:

Interest revenue

43,803

230

163

109

–

44,316

Interest (expense)

(1,595)

(1)

(825)

–

(642)

–

(3,063)

Depreciation and amortisation (expense)

(2,267)

(61,181)

(16,675)

(16)

(104)

–

(80,243)

Impairment (expense)/reversal

42,189

(79,880)

(86,110)

–

(123,801)

Share of results from equity

accounted associates

90,122

–

(249)

–

3,156

2,050

95,079

The results for 2015 has been restated by transferring expenses of $5.956 million from regular profit to non-regular items

following a reallocation by an Associated Entity.