44
AVESCO GROUP PLC ANNUAL REPORT 2011
www.avesco.com
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2011
The segmental assets and liabilities at 30 September 2010, external net debt at 30 September 2010 and capital expenditure cash flows for the year then ended are shown below.
Creative
Technology £000s
Total assets
Non-current assets Total liabilities
Capital expenditure External net debt
42,701 24,014 18,659 10,493 (1,093)
Full
Service £000s
7,971 2,336 4,674 879 (14)
Broadcast Services £000s
32,539 25,946 8,049 2,471 3,446
Head Office £000s
(2,999) 3
14,245 -
11,386
Unallocated £000s
4,583 4,470 1,918 - -
Group £000s
84,795 56,769 47,545 13,843 13,725
Unallocated items relate to deferred tax and income tax. Total assets in the ‘Head Office’ segment are shown as a credit balance primarily as a result of the offset arrangement the Group has with HSBC Bank plc. This is structured in such a way that every company in the pool is jointly and individually liable for the overdraft, therefore in practice the net position is applicable.
The Group’s main business segments operate in four main geographical areas. Details of the segmental allocation of revenue, assets and capital expenditure can be found below.
2011 Revenue
United Kingdom Mainland Europe
United States of America Rest of the World
Revenue is allocated based on the country in which the customer is located. 2011 Total assets
United Kingdom Mainland Europe
United States of America Rest of the World
Unallocated assets
£000s 46,987
13,815 17,267 10,076
88,145 6,202
94,347 Total assets are allocated based on where the assets are owned. 2011
Total non-current assets (other than deferred tax assets) United Kingdom
Mainland Europe
United States of America Rest of the World
Unallocated assets
£000s 36,130
6,538 8,696 4,001
55,365 6,117
61,482 Total non-current assets (other than deferred tax assets) are allocated based on where the assets are owned. 2011
Capital expenditure United Kingdom
Mainland Europe
United States of America Rest of the World
£000s 11,052
2,545 3,042 1,315
17,954 Capital expenditure is allocated based on where the assets are located. 2010
£000s 7,610
1,428 2,656 2,149
13,843 2010
£000s 34,681 8,020
6,115 3,483
52,299 4,470
56,769 2010
£000s 47,314
12,534 13,355 7,009
80,212 4,583
84,795
£000s 45,063
29,181 39,216 12,069
125,529 2010
£000s 44,175
26,432 31,300 15,329
117,236
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