Page 53 - Hardide-Annual-Report-2021
P. 53

 2. SEGMENTAL ANALYSIS
Under IFRS8, operating segments are defined as a component of equity (a) that engages in business activities from which it may earn revenues and incur expenses (b) whose operating results are regularly reviewed and (c) for which discrete financial information is available. The Group management is organised in to UK and USA operation and Corporate central functions, and this factor identifies the Group’s reportable segments.
Year ended 30 September 2021
External revenue
Interest revenue
Interest expense
Depreciation 818 Income tax - -
UK operation £ ‘000 2021 2020
Provision 6
US operation £ ‘000 2021 2020
Corporate £ ‘000 2021 2020
Eliminations £ ‘000 2021 2020
- - - - - - - - - - - -
277 515 (3,948) (2,732)
- - (14,313)(13,362)
Total £ ‘000 2021 2020
3,596 4,756 3 11 104 103 1,134 765 125 65 6 (42)
(2,802) (1,291) 10,758 12,747
299 4,166 3,844 3,910
1,922 3,192 1 1 96 91 436
1,674 - 8 316 - -
79
2,891
62 12,071
1,564 - 12 329 - (42)
(181)
2,761
376 12,460
- 2 - -
125 -
(1,161)
4,732
- 344
- 10 - - 65 -
(1,281)
4,677
- 94
Notes to the Group Financial Statements 53
       Reportable segment profit / (loss)
Segment assets Expenditure for non-current assets Segment liabilities
(1,997)
7,083
237 5,742
- (344)
8,041
3,790 4,718
     The Group currently has a single business product, so no secondary analysis is presented. Revenue from external customers is attributed according to their country of domicile. Turnover by geographical destination is as follows:
UK £ ‘000
External sales
2021 1,257 2020 2,315
Europe £ ‘000
176
122
N America £ ‘000
2,149
2,315
Rest of World £ ‘000
15
4
Total £ ‘000
3,597
4,756
    The UK operation sells to the UK, Europe and some North American customers, while the US operation only sells to North America. During 2021, of the £2,149,000 sales to North American customers, £475,000 originated from the UK operation. All revenue is recognised at a point in time and no revenue is recognised over time.
Five external customers (2020 – two) contributed more than 10% of the Group’s continuing external sales for the year ended 30 September 2021. The external sales for these customers were £1,145,000, £615,000, £445,000, £441,000 and £392,000 which have been recorded within both the UK and US operation reportable segments, excluding central costs.
 


































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