Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited 6. Segment information For management purposes, the Group is organised into business units based on its 3 geographical regions as follows: Geographies –– APAC – Australia, New Zealand and Asia –– E/ME – Middle East and Europe –– Africa - South Africa and rest of Africa No operating segments have been aggregated to form the above reportable operating segments. Each operating segment includes professional service and licence and activation fees. The Executive Management is the Chief Operating Decision Maker (CODM) and monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss in the consolidated financial statements. Also, the Group’s financing (including finance costs and finance income) and income taxes are managed on a Group basis and are not allocated to operating segments. The accounting policies of the reportable segments are the same as the Group’s accounting policies. Revenue and results The following is an analysis of the Group’s revenue and results by reportable operating segments for the periods under review: Revenue by geography 2019 $ 2018 $ APAC 4,904,946 3,183,922 E/ME 2,724,643 2,295,755 Africa 443,222 504,773 Total revenue of all segment 8,072,811 5,984,451 Segment results Continuing operations 2019 $ 2018 $ APAC (3,280,253) (9,821,272) E/ME 1,559,522 1,189,591 Africa (742,782) (1,165,823) Total of all segments (2,463,513) (9,797,504) Impairment – (15,610,782) Depreciation and amortisation (1,220,665) (2,426,985 ROL license fee reversal – (540,811) Finance cost (27) (1,231) Sale of devices business an intellectual property – 436,711 Other corporate revenue 1,056 130,566 Impairment reversal/(impairment) of trade receivables (356,289) 428,300 Interest income 14,673 56,597 Other (729,975) (234,902) Profit/(loss) after tax (4,754,740) (27,560,041) The assets and liabilities of the Group collaboratively support the various segment revenues generated by the Group. Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 58