145
ANNUAL REPORT 2014
25 OPERATING SEGMENTS (CONT'D)
Other operations include Claymore Connect which is being leased to individual tenants and operated as retail
space. Claymore Connect does not meet any of the quantitative thresholds for determining reportable segments
in 2014 or 2013.
Information regarding the results of each reportable segment is included below. Performance is measured based
on segment net property income, as included in the internal management reports that are reviewed by the BOD of
the HBT Trustee-Manager or H-REIT Manager. Segment net property income is used to measure performance as
management believes that such information is the most relevant in evaluating the results of its segments relative to
other entities that operate within the same industry.
No contribution has been recognised for the Japan Hotels in the statements of total return of the H-REIT Group
and the Stapled Group and the statement of comprehensive income of the HBT Group as the financial impact for
this contribution for the last 13 days in December 2014 is immaterial to the Stapled Group. Hence, no information
is presented for reportable segment assets and liabilities in relation to Japan Hotels for HBT Group. Reportable
segment assets for Japan Hotels is presented for H-REIT Group and Stapled Group only.
Information about reportable segments
Maldives
Resort
Total
$’000
$’000
2014
HBT Group
Gross revenue - external
21,553
21,553
Reportable segment net property income
386
386
Unallocated items:
- HBT Trustee-Manager’s performance fees
(24)
- Other trust expenses
(148)
- Finance expense
(1)
Net income
213
Reportable segment assets
9,219
Reportable segment liabilities
8,691
NOTES TO THE FINANCIAL STATEMENTS
