Primary Segment Information (continued)  The consolidated entity operates predominantly in ten primary segments:  Primary Segment Analysis  Primary Segment  Description of Primary Segment Franchising and  Corporate Items  Consists of the franchise fees paid by franchisees, and corporate items (other than retailing,  property investments and financial services).  Retail (New Zealand)  Consists of the wholly owned operations of the consolidated entity in New Zealand.  Retail (Rebel Sport)  Consists of the controlling interest of the consolidated entity in the retail trading operations in  Australia trading under the Rebel Sport brand name.  Asia  Consists of the controlling interest of the consolidated entity in the Singapore retail trading  operations under the Harvey Norman and Space brand names. Non-Franchised Retail  Consists of retail trading operations in Australia, Slovenia and Ireland which are controlled by  the consolidated entity and does not include any operations of Harvey Norman franchisees.  Property Investments  Consists of land and buildings for each retail site that is fully operational or is ready and able to  be tenanted. The revenue and results of this segment consists of rental income and outgoings  recovered for each retail site that is owned by the consolidated entity which is fully operational  (or ready for operations) as at year end.  Property Under  Construction for Investment  Consists of sites that are currently undergoing construction at year end intended for leasing. It  also includes vacant land that has been purchased for the purposes of generating future  investment income.  Property Developments  for Resale Consists of land and buildings acquired by the consolidated entity, to be developed, or currently  under development, for the sole purpose of resale at a profit. Such assets are treated as  trading stock in the Statement of Financial Position.  Financial Services  This segment refers to credit facilities provided to third parties.  Share Trading  This segment refers to the trading of listed securities. Primary Se gment Percentage (% ) of T otal R ev enue 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Share Trading  Financial Services Property Developments Property Under Construction  Property Investments  Non-Franchised Retail Asia Retail - Rebel Sport Retail - NZ Franchising & Corp % of Total Revenue - June 2003 PRIMARY SEGMENT PERCENTAGE (%) OF TOTAL RESULT (Profit Before Tax & Outside Equity Interests)  Franchising  & Corp  Retail –  NZ  Retail –  Rebel  Asia Non- Franchised  Retail  Property  Investments  Property  Under  Construction  Property  Developments  Financial  Services  Share  Trading  TOTAL  64.8% 9.2% 10.1% 3.3% -1.4% 13.2% -0.7% -0.1% 1.6% 0.0% 100% 26  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 