GUANGSHEN RAILWAY CO LTD | CIK:0001012139 | 3

  • Filed: 4/26/2018
  • Entity registrant name: GUANGSHEN RAILWAY CO LTD (CIK: 0001012139)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1012139/000119312518132166/0001193125-18-132166-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1012139/000119312518132166/gsh-20171231.xml
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    • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

     

    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.