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ANNUAL REPORT 2010

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Skip Navigation LinksFinancial Report > Notes to the Consolidated Financial Statements > Note 3. Segment Information

note 3. segment information

The Group’s customers are major utilities located mainly in North America, Asia and Europe. These revenues are attributed to the geographic location of the mines being Namibia and Malawi.

The following tables present revenue, expenditure and asset information regarding operating segments for the years ended 30 June 2010 and 30 June 2009.

Year EndedAustraliaNamibiaMalawiConsolidated
30-Jun-10US$MUS$MUS$MUS$M
Sales to external customers-133.568.5202.0
Other revenue0.3--0.3
Total segment revenue0.3133.568.5202.3
Unallocated revenue2.0
Total consolidated revenue204.3
Segment (loss)/profit before income tax and finance costs(50.8)38.67.9(4.3)
Finance costs(17.0)(4.4)-(21.4)
Loss before income tax expense(25.7)
Income tax expense(2.0)(23.5)(2.6)(28.1)
Loss after income tax expense(53.8)
Depreciation and amortisation(1.0)(16.6)-(17.6)
Property, plant and equipment and mine development7.9211.4441.0660.3
Non current assets597.6305.1539.01441.7
Segment assets/total assets937.1404.2616.31957.6

In 2010 Paladin had three customers who on a proportionate basis equated to 38%, 13% and 12% of the Group’s total sales revenue attributable to the Namibia and Malawi segments.

Year EndedAustraliaNamibiaMalawiConsolidated
30-Jun-09US$MUS$MUS$MUS$M
Sales to external customers-111.8-111.8
Other revenue0.3--0.3
Total segment revenue0.3111.8-112.1
Unallocated revenue2.7
Total consolidated revenue114.8
Segment (loss)/profit before income tax and finance costs(810.4)39.6(11.2)(782.0)
Finance costs(23.3)(7.2)-(30.5)
Share of loss of associate(0.9)
Loss before income tax expense(813.4)
Income tax benefit/(expense)246.1(7.7)(1.4)237.0
Loss after income tax benefit(576.4)
Depreciation and amortisation(0.6)(8.8)(0.4)(9.8)
Property, plant and equipment and mine development21.2167.6323.2512.0
Non current assets736.3212.0333.21281.5
Segment assets/total assets799.4301.8362.31463.5

In 2009 Paladin had four customers who on a proportionate basis equated to 32%, 24%, 18% and 14% of the Group’s total sales revenue attributable to the Namibia and Malawi segments.