NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT 6. OPERATING SEGMENTS Identification of reportable segments Types of products Accounting policies and inter-segment transactions 74 Australian Agricultural Company Limited The following table presents the revenue and profit information regarding operating segments for the three months to 31 March 2013 and 31 March  2012, and the twelve months to 31 December 2012� Segment liabilities are not reported to the Chief Executive Officer and therefore segment  liabilities are not disclosed�  It is our policy that items of revenue and expense that are not directly attributable to the Wholesale Beef group are allocated to the Finished &  Store Cattle group� No reallocation of general corporate charges is performed between the segments, which is primarily due to the significantly  greater asset base employed by the Finished & Store Cattle group� Inter-entity sales are recognised based on arm’s length market prices�  The accounting policies we use in reporting segments are the same as those contained in note 3 to the financial statements and in the prior period,  except as follows: Meat Processing operations are based in Darwin� Meat is to be processed and packaged for local consumption and for export� The meat processing  operations are currently not operational and no revenue has been derived from the operations� The Wholesale Beef group markets and distributes branded beef both internationally and domestically� The Wholesale Beef group operates from  our offices at Milton in Brisbane� As the only significant product sold is branded meat, we consider the operations of the Wholesale Beef group to  be one reportable segment� Selected properties carry out farming operations including the growing and harvesting of cotton, wheat, sorghum and other crops� Farming is a  developing area of the Group� The Finished & Store Cattle group operates an integrated cattle production system across 18 owned cattle stations, 5 agisted properties, 2 owned  feedlots, 5 external feedlots, and 2 owned and 2 external farms located throughout Queensland and the Northern Territory� The Finished & Store  Cattle group produces beef cattle that are either exported or sold for meat� As the only significant product produced for external sale is beef cattle,  the operation of the Finished & Store Cattle group is considered to be one reportable segment� It is seasonable in nature with a distinct wet season� The operating segments are identified by management based on the nature of the product produced and the reporting structure within the Group� Discrete financial information for each of the operating segments is reported to the Chief Executive Officer on at least a monthly basis� We have identified our operating segments based on the internal reports that are reviewed and used by the Chief Executive Officer (the chief  operating decision maker) in assessing performance and in determining the allocation of resources�  (i) Finished & Store Cattle (ii) Farming  (iii) Wholesale Beef (iv) Meat Processing  Inter-entity sales  Corporate charges  For the three months ended 31 March 2013