30 SEGMENT INFORMATION
(CONT’D)
(b)
Geographical Information
Revenue and non-current assets information based on the geographical location of customers and
assets respectively are as follows:
America Europe
Asia
Rest of the
World
Group
US$’000 US$’000 US$’000 US$’000 US$’000
2014
Total revenue from external
customers
73,230
35,628
22,127
3,150 134,135
Non-current assets
–
15,676
4,015
–
19,691
2013
Total revenue from external
customers
57,991
26,559
26,240
4,960 115,750
Non-current assets
–
13,546
3,638
–
17,184
(c)
Information about Major Customers
Included in revenue arising from the Sat Comms and CM segments are sales of approximately
US$91,064,000 (2013: US$82,378,000) which are sales to the Group’s 5 (2013: 5) largest customers
(of which the largest single customer accounts for 46% (2013: 42%) of total revenue).
31 FINANCIAL RISK MANAGEMENT
The Group’s activities expose it to a variety of market risk (including currency risk and interest rate risk),
credit risk and liquidity risk. The Group’s overall risk management strategy seeks to minimise adverse effects
from the unpredictability of financial markets on the Group’s financial performance. The Board of Directors of
the Company is responsible for setting the objectives and underlying principles of financial risk management
for the Group. The Audit and Risk Committee provides independent oversight to the effectiveness of the risk
management process.
The following sections provide details regarding the Group’s and Company’s exposure to the above-mentioned
financial risks and the objectives, policies and processes for the management of these risks.
(a)
Market Risk
(i)
Currency risk
Certain of the Group’s transactions are denominated in foreign currencies such as Singapore
Dollar (“SGD”), Renminbi (“RMB”), Hong Kong Dollar (“HKD”), Sterling Pounds (“Sterling”) and
Malaysia Ringgit (“MYR”). As a result, the Group is exposed to movements in foreign currency
exchange rates. The Group does not use derivative financial instruments to hedge against the
volatility associated with foreign currency transactions.
The Group is also exposed to currency translation risk arising from its net investments in foreign
subsidiaries.
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
GLOBAL INVACOM GROUP LIMITED
ANNUAL REPORT 2014
91
