Bradken Limited Annual Report 2015 - page 82

47 l BRADKEN LIMITED ANNUAL REPORT 2015
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
30 June 2015
(continued)
5 Segment information
(a) Description of segments
Operating segments are reported in a manner that is consistent with the internal reporting provided to the chief operating
decision maker. The chief operating decision-maker has been identified as the Managing Director.
The Australian based Industrial business, previously included in the "all other segments" column, the Mining Products segment,
and the Australian based Rail segment have been merged to form the new Mining & Transport segment. The Fixed Plant
business, formerly part of the Mining Products segment, has been separated to form a new segment called Fixed Plant. Similarly
the Scrap Processing business, previously managed by the Mineral Processing segment, has been combined with the Cast
Metal Services business to form the new CMS segment. Comparative disclosures have been amended to reflect these changes.
Mineral Processing designs, manufactures, supplies and services mill liner products in the Mineral Processing industry.
Engineered Products, based in North America, is a manufacturer and supplier of cast parts to the Energy, Power, Cement,
Industrial and Rail Transport industries specialising in large (greater than 4,500 kg) highly engineered steel castings.
Fixed Plant designs, manufactures and supplies an extensive range of customised wear plate and liner products in materials
from quenched and tempered steel to rubber and ceramics.
Segment revenues, expenses and results include transfers between segments. Sales of scrap between controlled entities are
made on an "arm's-length" basis and are eliminated on consolidation. All other transfers are made at variable cost and are
eliminated on consolidation. The Group manages income taxes on a Group basis and this measure is therefore not reported
internally at a segment level.
Segment revenues, expenses, assets and liabilities are those that are directly attributable to a segment. Segment assets include
all assets used by a segment and consist primarily of receivables, inventories and property, plant and equipment, net of related
provisions. Segment liabilities consist primarily of trade and other creditors, employee benefits and provision for service
warranties.
CMS represents other smaller businesses including Scrap Processing and Cast Metal Services.
Mining & Transport designs, manufactures, supplies and services wear components for all types of earth moving equipment in
the Mining and Quarry industries as well as Industrial type cast products. This segment also contains the Rail business which is
a package provider of Freight Rollingstock products and services including freight wagons, bogies, drawgear, inventory
management, spare and renewed parts and the maintenance and refurbishment of rollingstock.
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