for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Annual Report 2016
-
104
-
4.
Segment information
For management purposes, the Group is organised into business units based on their products and services,
and has three reportable operating segments as follows:
(i)
The marine offshore segment is essentially the Group’s principal business activity as manufacturers
and providers of specialisedmarine offshore equipment and services for the oil and gas industry.
(ii)
The investments segment relates to theGroup’s investments in available-for-sale investments.
(iii) The corporate segment is involved inGroup-level corporate services and treasury functions.
Except as indicated above, no operating segments have been aggregated to form the above reportable
operating segments.
Managementmonitors theoperating resultsof itsbusinessunitsseparately for thepurposeofmakingdecisions
about resource allocation andperformance assessment. Segment performance is evaluatedbasedonoperating
profit or loss which in certain respects, as explained in the following table, is measured differently from
operating profit or loss in the consolidated financial statements.
Transferpricesbetweenoperatingsegments, ifany, areonarm’s lengthbasis inamannersimilar to transactions
with thirdparties.
