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46. FINANCIAL INFORMATION BY INDUSTRY AND GEOGRAPHICAL SEGMENTS (cont’d)

Secondary Segment Reporting By Geographical Segments

In respect of liner activities which covers the world’s major shipping lanes, the geographical segment of external
sales are reported as follows :
 
Geographical Segment Trade Lanes
Asia/Middle East
 Intra-Asia
   
Europe
 Asia-Europe (both bounds)
Trans-Atlantic (both bounds)
   
America Trans-Pacific (both bounds)
Latin Americas (both bounds)
   
 
In respect of logistics activities, the geographical segments of external sales are reported based on the country
where the services were billed and significantly performed.

In respect of chartering and other activities, the geographical segments of external sales are reported based on
the country of domicile of customers.

The directors of the Company consider that the nature of the Group’s business precludes a meaningful allocation
of vessels, drydocking costs and containers to specific geographical segments as defined under Statement of
Accounting Standard 23 "Segment Reporting". These vessels, together with the related drydocking costs, and
containers are primarily utilised across geographic markets for shipment of cargoes throughout the world. This is
in line with the industry practice.
 
 
         
 
Asia/Middle East 840,632   897,801   1,177,536   904,146  
                 
Europe 840,754   854,346   31,864   106,827  
                 
America 2,960,432   2,977,803   728,269   1,173,536  
                 
Sub total 4,641,818   4,729,950   1,937,669   2,184,509  
                 
Vessels —   —   2,545,826   2,521,935  
                 
Containers —   —   246,961   168,406  
                 
Drydocking costs —   —   40,592   43,289  
                 
Total 4,641,818   4,729,950   4,771,048   4,918,139  
 

 

 
 
 
         

 
 
Asia/Middle East 8,270   19,250   2,332   437  
                 
Europe 3,131   2,662   653   —  
                 
America 41,955   27,427   6,405   30,704  
                 
Sub total 53,356   49,339   9,390   31,141  
                 
Vessels* 180,285   684,333   —   —  
                 
Containers 118,244   65,894   —   —  
                 
Drydocking costs 27,784   42,751   —   —  
                 
Total 379,669   842,317   9,390   31,141  
 


* Breakdown of vessels as follows :

 
 
 
 
     
 
i) Containerships         51   503  
ii) Tankers         116   170  
iii) Others         13   11  
          180   684  
 


** The capital expenditure incurred on IT equipment and software for 2002 was US$20 million (2001: US$15 million).
 

 

47. AUTHORISATION OF FINANCIAL STATEMENTS

These financial statements were authorised for issue in accordance with a resolution of the directors on 26 February 2003.
 


 
   

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