Primary Segment Information (continued)  Return on Primary Segment Assets Property Primary Segment Analysis  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  A =  Franchising & Corporate  B  = Retail – New Zealand C  = Retail – Rebel Sport  D  = Asia  E  = Non-Franchised Retail F  = Property Investments  G  = Property Construction  H  = Property Developments  I   = Financial Services  J  = Share Trading - 100 200 300 400 500 600 700 800 A B C D E F G H I J Primary Segments  Primary Segment Assets ($  million) -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Return on Primary Segment  Assets (%) Segment Assets Return on Segment Assets The following table is a detailed analysis of the three different property segments. This analysis calculates the  following two ratios which are integral in assessing the performance of the property segments:  PROPERTY  INVESTMENTS PROPERTY UNDER  CONSTRUCTION FOR  INVESTMENT  PROPERTY DEVELOPMENT  FOR RESALE 2003  2002 2003 2002 2003 2002 % of Consolidated Revenue  4.9%  4.9%  0.0%  0.0%  0.0%  0.0%  % of Consolidated Result  13.2%  15.0%  -0.7%  -0.8%  -0.1%  -0.1%  Yield %  [Revenue/Segment Assets After  Eliminations]  10.4%  10.1%  0.8%  0.0%  1.1%  -0.9%  Return on Assets % [Result/Segment Assets After  Eliminations]  4.6%  5.1%  -2.5%  -1.7%  -0.8%  -1.9%  2003  $000  2002  $000 2003  $000  2002  $000 2003  $000  2002  $000 Segment Assets After  Eliminations  673,935  560,949  65,930  87,610  31,846  11,368  Less: Accumulated Asset Revaluation Reserve  (172,332)  (132,712)  (1,110)  (1,110)  -  -  Segment Assets After  Eliminations Less Revaluation  501,603  428,237  64,820  86,500  31,846  11,368  Yield % [Revenue/Segment Assets After  Eliminations & Revaluations]  14.0%  13.2%  0.8%  0.0%  1.1%  -0.9%  Return on Assets % [Result/Segment Assets After  Eliminations & Revaluations]  6.1%  6.6%  -2.6%  -1.7%  -0.8%  -1.9%  27 