74 2022 ANNUAL REPORT 28 SEGMENT INFORMATION The Group is managed primarily on the basis of its production, development and exploration assets in both Australia and the Philippines. Operating segments are therefore determined on the same basis. Due to the sale of the Philippines operation (refer to note 23), the Philippines segment is classified as a discontinued operation. The Australia segment is made up of the Darlot and King of the Hills operations. Unless otherwise stated, all amounts reported to the Board of Directors as the chief decision maker with respect to operating segments are determined in accordance with accounting policies that are consistent with those adopted in the consolidated annual financial statements of the Group. Australia (a) Philippines (discontinued) Other (b) Total $’000 $’000 $’000 $’000 (i) Segment performance Year ended 30 June 2022 Revenues (c) 164,962 - - 164,962 164,962 - - 164,962 Segment result before tax (38,089) 20,049 (11,490) (29,530) Included within segment result: Other income 208 - - 208 Interest income 2 - 6 8 Finance expenses (1,797) - (1,018) (2,815) Exploration costs expensed (2,522) - - (2,522) Depreciation and amortisation (42,188) - (326) (42,514) Profit/(loss) from discontinued operation - 20,049 - 20,049 Year ended 30 June 2021 Revenues (c) 173,358 - - 173,358 173,358 - - 173,358 Segment result before tax (4,363) (33,767) (9,903) (48,033) Included within segment result: Other income 527 - 165 692 Interest income 35 - 312 347 Finance expenses (787) - (558) (1,345) Exploration costs expensed (3,217) - - (3,217) Depreciation and amortisation (23,253) - (240) (23,493) Impairment of discontinued operation - (26,568) - (26,568) Care and maintenance costs - (7,199) - (7,199) (ii) Segment Assets As at 30 June 2022 Segment assets 546,992 - 30,373 577,365 Additions to non-current assets: Plant and equipment expenditure 198,540 - 4 198,544 Mine properties 82,729 - - 82,729 Intangible assets 14 - 103 117 As at 30 June 2021 Segment assets 294,099 25,623 25,763 345,485 Additions to non-current assets: Plant and equipment expenditure 105,060 - 1,419 106,479 Mine properties 10,050 - - 10,050 Intangible assets 3 - 36 39 Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.)
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