Home/ Financial information / Notes to accounts / Segment information
  • Previous
  • 8. Interests in joint ventures10. Analysis of operating profit
  • Next
Notes contents

Notes to the consolidated financial statements
As of December 31, 2008, 2007 and 2006

9.Segment information

The Group operates in the mobile telephony segment, apart from its Amnet business, which is cable, broadband and fixed telephony. The primary segment reporting format is therefore determined to be both geographic and by business. Group's risks and rates of return for its mobile operations are affected predominantly by the fact that it operates in different countries in different geographical areas. The mobile operating businesses are organised and managed according to the geographical areas, which represent the basis on which the information is presented to the Board of Directors and executive management to evaluate past performance and for making decisions about the future allocation of resources.

For segmental information on investment in associates and profit from associates (see note 17).

Primary Reporting Format—Geographical and Business Segments

The Group operates its mobile business in 16 countries within four regions: Central America, South America, Africa and Asia. It operates the Amnet business in Central America.

The following tables present revenues, operating profit/ (loss) and other segment information for the years ended December 31, 2008, 2007 and 2006:

December 31,
2008		 Central America South America Africa Asia Amnet Unallocated items Total continuing operations Discontinued operations (note 6) Elimination Total
  US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000
Revenues 1,376,848 1,019,332 711,364 261,821 43,015 – 3,412,380 8,917 – 3,421,297
Operating profit (loss) 642,851 149,848 95,935 49,061 6,537 (76,949) 867,283 (21,668) – 845,615
Add back:                    
Depreciation and amortization 112,296 198,861 140,094 52,188 11,518 951 515,908 5,069 – 520,977
Loss (gain) of disposal and impairment 3,865 2,816 1,551 218 (7) 941 9,384 10,831 – 20,215
Share based compensation – – – – – 13,619 13,619 – – 13,619
Corporate costs – – – – – 61,438 61,438 – – 61,438
Adjusted operating profit (loss) (i) 759,012 351,525 237,580 101,467 18,048 – 1,467,632 (5,768) – 1,461,864
Total Assets (ii) 1,242,421 1,260,230 1,484,841 388,551 738,554 389,669 5,504,266 20,563 (304,021) 5,220,808
Total Liabilities 556,799 1,071,739 1,396,189 294,837 174,959 927,215 4,421,738 74,953 (927,960) 3,568,731
Additions to:                    
Property, plant and equipment 283,255 351,134 510,836 152,863 11,164 1,298 1,310,550 10,766 – 1,321,316
Intangible assets 10,756 18,033 90,244 1,823 384 135 121,375 – – 121,375
Capital expenditure 294,011 369,167 601,080 154,686 11,548 1,433 1,431,925 10,766 – 1,442,691
December 31,
2007		 Central America South America Africa Asia Unallocated items Total continuing operations Discontinued operations (note 6) Elimination Total
  US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000
Revenues 1,149,368 809,881 469,833 194,772 – 2,623,854 12,890 – 2,636,744
Operating profit (loss) 526,369 106,591 66,716 41,041 (69,014) 671,703 250,521 – 922,224
Add back:                  
Depreciation and amortization 80,695 144,704 87,935 37,927 239 351,500 3,440 – 354,940
Loss (gain) of disposal and impairment 1,083 1,937 173 588 (44) 3,737 78 – 3,815
Reduction of goodwill – 23,358 – – – 23,358 – – 23,358
Share based compensation –   – – 19,228 19,228 – – 19,228
Corporate costs – – – – 49,591 49,591 – – 49,591
Gain on disposal of subsidiaries and joint ventures, net – – – – – – (258,346) – (258,346)
Adjusted operating profit (loss) (i) 608,147 276,590 154,824 79,556 – 1,119,117 (4,307) – 1,114,810
Total Assets (ii) 1,086,366 1,143,305 1,046,669 299,976 1,087,774 4,664,090 – (250,264) 4,413,826
Total Liabilities 521,285 859,455 947,234 227,936 875,084 3,430,994 – (385,504) 3,045,490
Additions to:                    
Property, plant and equipment 282,312 319,861 333,976 93,354 926 1,030,429 5,731 – 1,036,160
Intangible assets 9,366 5,216 3,323 594 943 19,442 – – 19,442
Capital expenditure 291,678 325,077 337,299 93,948 1,869 1,049,871 5,731 – 1,055,602
December 31,
2006		 Central America South America Africa Asia Unallocated items Total continuing operations Discontinued operations (note 6) Elimination Total
  US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000		 US$
'000
Revenues 796,111 321,038 306,091 146,846 – 1,570,086 75,139 – 1,645,225
Operating profit (loss) 334,923 49,657 69,813 36,070 (42,505) 447,958 (43,600) – 404,358
Add back:                  
Depreciation and amortization 79,242 68,335 54,758 24,701 200 227,236 30,521 – 257,757
Loss (gain) of disposal and impairment 1,265 26 72 357 141 1,861 (5,256) – (3,395)
Share based compensation – – – – 12,850 12,850 – – 12,850
Corporate costs – – – – 37,413 37,413 – – 37,413
Gain on disposal of subsidiaries and joint ventures, net – – – – (8,099) (8,099) – – (8,099)
Adjusted operating profit (loss) (i) 415,430 118,018 124,643 61,128 – 719,219 (14,995) – 704,224
Total Assets (ii) 771,553 941,133 699,532 209,022 468,000 3,089,240 428,663 (196,909) 3,320,994
Total Liabilities 363,829 641,522 585,753 153,585 887,255 2,631,944 540,968 (434,306) 2,738,606
Additions to:                    
Property, plant and equipment 176,769 71,495 244,515 104,596 68 597,443 126,965 – 724,408
Intangible assets 25,880 2,154 230 5,488 – 33,752 21 – 33,773
Capital expenditure 202,649 73,649 244,745 110,084 68 631,195 126,986 – 758,181
  • (i) Adjusted operating profit is the measure used by the management to monitor the segmental performance
    (see note 30).
  • (ii) Segment assets include goodwill and other intangibles and tangibles emerged from the acquisition of Amnet.

Back to top
 

  • Previous
  • Page 32 of 55
  • Next