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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2017
SEGMENT INFORMATION [abstract]  
Disclosure of operating segments

 

5                 5 SEGMENT INFORMATION

 

The chief operating decision-makers havebeen identified as the senior executives of the Company. Senior executives of the Company review the Group’s internal reporting in order to assess performance and allocate resources. The operating segments were determinedbased on thesemanagementreports.

 

Senior executives evaluate the business from a perspective of revenues and operating results generated from railroad and related business conducted by the Company ("the Railway Transportation Business"). Other segments mainly include on-board catering services, leasing, sales of materials, sale of goods and other businesses related to railway transportation provided by the subsidiaries of the Company. Senior executives of the Company assess the performance of the operating segments based on a measure of the profit before income tax. Other information provided, except as noted below, to senior executives of the Company is measured in a manner consistent with that in the consolidated financial statements.

 

The segment results for 2015, 2016 and 2017 are as follows:

 

 

The Railway Transportation Business

 

All other segments

 

Elimination

 

Total

 

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Railroad and Business

14,633,738

 

16,170,309

 

17,294,901

 

-

 

-

 

-

 

-

 

-

 

-

 

14,633,738

 

16,170,309

 

17,294,901

 

- Other Businesses

672,455

 

663,418

 

705,423

 

458,944

 

487,097

 

395,661

 

(39,828)

 

(40,320)

 

(64,563)

 

1,091,571

 

1,110,195

 

1,036,521

 

Total revenue

15,306,193

 

16,833,727

 

18,000,324

 

458,944

 

487,097

 

395,661

 

(39,828)

 

(40,320)

 

(64,563)

 

15,725,309

 

17,280,504

 

18,331,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment result

1,487,249

 

1,549,120

 

1,341,601

 

(28,549)

 

3,548

 

14,519

 

(6,862)

 

(8,659)

 

(8,988)

 

1,451,838

 

1,544,009

 

1,347,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance costs/(income) - net

4,448

 

(2,728)

 

10,011

 

160

 

177

 

159

 

-

 

-

 

-

 

4,608

 

(2,551)

 

10,170

 

Share of results of associates, net of tax

2,499

 

7,223

 

6,944

 

-

 

-

 

-

 

-

 

-

 

-

 

2,499

 

7,223

 

6,944

 

Depreciation of fixed assets

1,404,439

 

1,511,570

 

1,655,657

 

7,303

 

7,400

 

6,803

 

-

 

-

 

-

 

1,411,742

 

1,518,970

 

1,662,460

 

Amortisation of leasehold land payments

17,949

 

27,338

 

34,348

 

10,464

 

11,332

 

11,332

 

-

 

-

 

-

 

28,413

 

38,670

 

45,680

 

Amortisation of long-term prepaid expenses

13,842

 

6,729

 

3,256

 

337

 

239

 

(88)

 

-

 

-

 

-

 

14,179

 

6,968

 

3,168

 

Impairment of fixed assets

80,393

 

-

 

11,185

 

-

 

-

 

-

 

-

 

-

 

-

 

80,393

 

-

 

11,185

 

Impairment of construction-in progress

2,434

 

5,662

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

2,434

 

5,662

 

-

 

Loss arising from business combination

-

 

-

 

-

 

45,073

 

-

 

-

 

-

 

-

 

-

 

45,073

 

-

 

-

 

Provision for/(reversal of) impairment of materials and supplies

64,096

 

(5,209)

 

7,844

 

-

 

-

 

-

 

-

 

-

 

-

 

64,096

 

(5,209)

 

7,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5          SEGMENT INFORMATION (CONTINUED)

 

A reconciliation of the segment results to profit of 2015, 2016 and 2017 is as follows:

 

 

The Railway Transportation Business

 

All other segments

 

Elimination

 

Total

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

2015

 

2016

 

2017

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment result

1,487,249

 

1,549,120

 

1,341,601

 

(28,549)

 

3,548

 

14,519

 

(6,862)

 

(8,659)

 

(8,988)

 

1,451,838

 

1,544,009

 

1,347,132

Income tax expense

(372,142)

 

(385,840)

 

(328,727)

 

(16,388)

 

(4,469)

 

(6,637)

 

-

 

-

 

-

 

(388,530)

 

(390,309)

 

(335,364)

Profit/(loss) for the year

1,115,107

 

1,163,280

 

1,012,874

 

(44,937)

 

(921)

 

7,882

 

(6,862)

 

(8,659)

 

(8,988)

 

1,063,308

 

1,153,700

 

1,011,768

 

The Group is domiciled in the PRC. All the Group's revenues were generated in the PRC, and the total assets are also located in the PRC.

 

 

The Railway Transportation Business

 

All other segments

 

Elimination

 

Total

 

2016

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

2017

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment assets

32,483,625

 

33,621,101

 

586,519

 

535,840

 

(199,886)

 

(162,703)

 

32,870,258

 

33,994,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment assets include:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in associates

167,604

 

174,548

 

-

 

-

 

-

 

-

 

167,604

 

174,548

Additions to non-current assets (other than financial instruments and deferred tax assets)

2,817,557

 

2,415,143

 

3,279

 

1,083

 

-

 

-

 

2,820,836

 

2,416,226

Total segment liabilities

4,398,759

 

4,908,103

 

588,128

 

545,500

 

(146,684)

 

(116,446)

 

4,840,203

 

5,337,157

 

Revenues of approximately RMB3,595,959,000 (2015: RMB2,508,916,000and 2016: RMB3,407,998,000) were derived from Guangzhou Railway Group and its subsidiaries. These revenues are attributable to the Railway Transportation Business. Except that, no revenues derived from a single external customer have exceeded 10% of the total revenues.