Page 170 - Annual Report 2014
P. 170
26 Segment Reporting (continued) Overview
The Group’s reportable segment information is as follows:
Group
2014 2013
(Restated)
$m $m Strategy
Mobile revenue 1,247.6 1,243.4 Performance
Pay TV revenue 389.7 386.0
Broadband revenue 201.9 241.8
Fixed network services revenue 378.3 368.3
Sale of equipment 169.7 130.1
Total revenue
2,387.2 2,369.6
EBITDA 747.9 743.0 Governance
Depreciation and amortisation (net of asset grants) (271.2) (269.5)
Finance income
Finance expense 2.0 2.8
Profit before taxation (22.6) (18.8)
Taxation 456.1 457.5
Profit for the year (85.6) (78.0)
370.5 379.5
Assets and liabilities 1,315.6 1,238.0 Financials
Non-current assets 671.6 644.7
Current assets
Total assets 1,987.2 1,882.7
Borrowings 687.5 687.5
Other non-current liabilities 157.8 178.6
Current liabilities 992.9 906.0
Total liabilities 1,838.2 1,772.1
Other information 349.8 321.3
Capital expenditure 333.3 291.9
Free cash flow *
* Free cash flow refers to net cash from operating activities less purchase of property, plant and equipment and intangible assets in the
consolidated cash flow statement.
27 Financial Risk Management
Financial risk management objectives and policies
Exposure to credit, liquidity, interest rate and currency risk arises in the normal course of the Group’s business. The Group
has written risk management policies and guidelines which set out its overall business strategies, its tolerance of risk and its
general risk management philosophy, and has established processes to monitor and control the hedging of transactions in a
timely and accurate manner.
Derivative financial instruments are used to reduce exposure to fluctuations in foreign exchange rates and interest rates. While
these are subject to the risk of market rates changing subsequent to acquisition, such changes are generally offset by opposite
effects on the items being hedged.
The Group’s accounting policy in relation to derivative financial instruments is set out in Note 2.23.
StarHub Ltd | Annual Report 2014 167
