121
ANNUAL REPORT 2014/2015
NOTES TO THE FINANCIAL STATEMENTS
32 OPERATING SEGMENTS
For management purposes, the Group is organised into strategic business units based on their products,
services and geography. The Group has five reportable segments as follows:
Hotel owning and management segment: The ownership and management of hotels.
Property development segment: The development, construction and trading in properties.
Property investment segment: The holding of properties for rental income and/or capital appreciation.
Trading segment: Interior decoration companies and a travel agency.
Others: Dividend income and management fees charged to related parties and unallocated expenses that
are not directly attributable to the segment or cannot be allocated to the segment on a reasonable basis.
The Chief Operating Decision Maker (“CODM”) monitors the results of each of the above operating segments
for the purpose of making decisions about resource allocation and performance assessment.
Inter-segment revenue are measured on the basis that the entity actually used to price the transfers. Internal
transfer pricing policies of the Group are as far as practicable based on market prices.
