ANNUAL REPORT 2015
75
Notes to the Combined
Financial Statements
As at 30 September 2015
27
INCOME TAX EXPENSE (cont’d)
The realisation of the future income tax benefits from tax loss carryforwards from Singapore companies is available for an unlimited
future period subject to the conditions imposed by law including the retention of majority shareholders as defined.
The realisation of the future income tax benefits from tax losses carryforwards from subsidiaries in the People’s Republic of China is
available for 5 years subject to the conditions imposed by law. No deferred tax asset has been recognised on the above tax benefit due to
the unpredictability of future profit streams.
28
SEGMENT INFORMATION
Reportable segment
Information reported to the Group’s chief operating decision maker for the purposes of resource allocation and assessment of segment
performance is specifically focused on the restaurant business which forms the basis of identifying the operating segments of the Group
under FRS 108
Operating Segments
. The aggregated restaurant business is therefore the Group’s reportable segment.
The accounting policies of the reportable segment are the same as the Group’s accounting policies described in Note 2.
Geographical information
The Group operates in Singapore and the People’s Republic of China.
The following table provides an analysis of the Group’s revenue from external customers based on the geographical location where
revenue is generated:
Group
Sales revenue by
geographical market
2015
2014
$
$
Singapore
112,331,898 105,874,895
People’s Republic of China
10,462,715 6,529,116
Total
122,794,613 112,404,011
The following is an analysis of the carrying amount of segment assets (non-current assets excluding financial instruments, goodwill and
investments in joint ventures and associates) analysed by the geographical location in which the assets are located:
Group
Non-current asset
2015
2014
$
$
Singapore
10,254,901 10,040,452
People’s Republic of China
3,725,718 1,925,206
Total
13,980,619 11,965,658
The non-current assets comprise property, plant and equipment.
Information about major customers
There is no single major customer that contributed more than 5% of the Group’s total revenue. The revenue is spread over a broad base
of customers.
