Investor Presentaiton
Armour Energy and controlled entities
Financial report continued
Notes to the consolidated financial statements continued
NOTE 6. OPERATING SEGMENTS CONTINUED
OPERATING SEGMENT INFORMATION
Consolidated - 30 June 2020
EEA
Surat
Corporate
Total
$
$
$
$
Consolidated - 30 June 2019
Revenue
Revenue from contracts with customers
Total segment revenue
armourenergy.com.au
EEA
$
Surat
$
Corporate
Total
$
27,819,335
27,819,335
27,819,335
27,819,335
Revenue
Revenue from contracts with customers
Total segment revenue
EBITDA
(2,656)
21,103,928
21,103,928
21,103,928
21,103,928
Depreciation and amortisation
Impairment of assets
Loss on disposal of assets
9,475,472
(1,116,869)
(5,736,336)
(18,763)
3,736,480
(1,135,632)
(71,329)
(71,329)
(61,976)
(61,976)
EBITDA
Depreciation and amortisation
Impairment of assets
Gain on disposal of assets
Interest revenue
Finance costs
191,633
2,379,789
(2,949,842)
(900,644)
(58,198)
(720,491)
1,670,778
(3,008,040)
(720,491)
Interest revenue
Finance costs
28,210
28,210
Loss before income tax expense
Income tax expense
(528,858)
(1,942,301)
(2,484,144)
127,546
(5,250,168)
(6,081,464)
127,546
(7,192,469)
(9,094,466)
(476,310)
Loss before income tax expense
Income tax expense
(73,985)
(1,598,349)
6,698,278
192,524
(12,057,959)
(17,620,534)
192,524
(13,656,308)
(10,996,241)
Loss after income tax expense
(687,507)
(11,683,748)
Assets
Segment assets
49,276,740
57,549,813
106,826,553
Loss after income tax expense
(9,570,776)
Unallocated assets:
Assets
Unallocated assets
Total assets
9,725,676
116,552,229
35,209,278
73,691,929
108,901,207
For personal use only.
66
Segment assets
Unallocated assets:
Unallocated assets
Total assets
Liabilities
Segment liabilities
Unallocated liabilities:
Unallocated liabilities
Total liabilities
3,076,010
111,977,217
Liabilities
Segment liabilities
Unallocated liabilities:
Unallocated liabilities
Total liabilities
667
18,446,555
18,447,222
51,356,466
69,803,688
17,091
16,332,534
16,349,625
55,443,841
71,793,466
ACCOUNTING POLICY FOR OPERATING SEGMENTS
An operating segment is a component of the Group that engages in business activities from which it may earn revenues and
incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision makers ("CODM") to make
decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is
available. This may include start-up operations which are yet to earn revenues.
Operating segments are presented using the 'management approach', where the information presented is on the same basis as the
internal reports provided to the CODM.
Operating segments that meet the quantitative criteria as prescribed by AASB 8 Operating Segments are reported separately.
However, an operating segment that does not meet the quantitative criteria is still reported separately where information about the
segment would be useful to users of the financial statements.
20
67View entire presentation