26 OPERATING SEGMENTS
For the purpose of making resource allocation decisions and the assessment of segment
performance, the Group’s Chief Operating Decision Makers (“CODMs”) reviews
internal/management reports of its investment properties. This forms the basis of identifying the
operating segments of the Group under FRS 108 Operating Segments.
Segment revenue comprises mainly income generated from its tenants. Segment net property
income represents the income earned by each segment after allocating property operating
expenses. This is the measure reported to the CODMs for the purpose of assessment of
segment performance. In addition, the CODMs monitor the non-financial assets as well as
financial assets attributable to each segment when assessing segment performance.
Segment results, assets and liabilities include items directly attributable to a segment as well as
those that can be allocated on a reasonable basis. Unallocated items comprise mainly
income-earning assets and revenue, interest-bearing borrowings and expenses, related assets
and expenses. Segment capital expenditure is the total cost incurred during the year to acquire
segment assets that are expected to be used for more than one year.
Geographical segments
Segment information in respect of the Group’s geographical segments is not presented, as the
Group’s activities for the year ended 31 December 2014 and 31 December 2013 related to
properties located in Singapore.
Notes to the Financial Statements
Year ended 31 December 2014
202 | CapitaMall Trust Annual Report 2014
