REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER Overseas revenue represents sales made through subsidiaries to the Indian Ocean Islands, Australia, Africa, Europe and China. Revenue reported above represents revenue generated from external customers and amounted to MUR 9.0 billion (2021: MUR 7.9 billion). The accounting policies of the reportable segments are the same as the Group’s accounting policies described in note 2(r). Segment profit represents the profit earned by each segment without allocation of share of results of associate, finance costs and tax expense. This is the measure reported to the chief operating decision maker for the purposes of resource allocation and assessment of segment performance. Segment assets and liabilities Assets Liabilities 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Local 6 942 493 6 203 597 1 993 391 1 859 260 Overseas 1 337 133 1 459 043 733 986 725 835 Consolidated assets/liabilities 8 279 626 7 662 640 2 727 377 2 585 095 For the purposes of monitoring segment performance and allocating resources between segments: • all assets are allocated to reportable segments. • trade and other payables are allocated to reportable segments. Other segment information Depreciation and amortisation Additions to non-current assets 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Local 360 530 338 299 299 632 408 192 Overseas 104 381 99 302 39 109 41 347 464 911 437 601 338 741 449 539 Revenue from major products and services The Group’s revenue from continuing operations from its major products and services were as follows: 2022 MUR '000 2021 MUR '000 Beverages 9 008 079 7 864 490 Recycled glass and related products 6 843 3 869 9 014 922 7 868 359 31. SEGMENTAL INFORMATION (continued) Segment revenues and segment results (continued) Information about major customers The Group has a diverse portfolio of domestic and foreign customers and no individual customer exceeds 10% of total revenue. Segment assets consist primarily of property, plant and equipment, motor vehicles, intangible assets, inventories, trade receivables, right of use assets, investments at fair value through OCI and exclude investment in associate. Segment liabilities comprise of borrowings, leases, retirement benefit obligations, deferred revenue, tax and other operating liabilities. Capital expenditure comprises additions to property, plant and equipment and intangible assets. 32. RELATED PARTY TRANSACTIONS The immediate parent and ultimate controlling party respectively of the Group are Phoenix Investment Company Limited and IBL Ltd, both incorporated in Mauritius. Transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the Group and other related parties and outstanding balances due from/to related parties are disclosed below: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 (i) Dividend income Subsidiaries – – 24 888 – Fellow subsidiaries 33 9 33 9 (ii) Sales of goods or services Subsidiaries – – 110 662 86 375 Enterprise in which ultimate holding Company has significant interest 444 089 389 323 444 089 389 323 (iii) Purchase of goods or services Subsidiaries – – 369 391 Enterprise in which ultimate holding Company has significant interest 91 068 61 585 91 068 61 551 (iv) Management fees/interest paid/donations paid Subsidiaries – – 2 231 2 465 Fellow subsidiaries 163 477 152 833 163 477 152 833 (v) Management fees/interest received Subsidiaries – – 3 503 2 484 (vi) Rechargeable costs Subsidiaries – – 8 019 11 747 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 203 202 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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