KATHMANDU A NNUAL REPORT  2013 71 Revenue is allocated based on the country in which the customer is located. New Zealand includes holding company costs and head  office charges. Assets / liabilities are allocated based on where the assets / liabilities are located. The Group operates in one industry being outdoor clothing and equipment. Deferred tax assets have been included within non-current assets as they form part of the amounts provided to the Chief Operating  Decision Maker, and the comparative information has been updated to reflect this. The Group has no reliance on any single major customers. Costs recharged between Group companies are calculated on an arms-length basis. The default basis of allocation is % of revenue  with other bases being used where appropriate. 31 July 2012 Australia New Zealand United Kingdom Elimination Total NZ$’000 NZ$’000 NZ$’000 NZ$’000 NZ$’000 Segment profit / (loss) before income tax 29,240 26,977 (3,435) (1,656) 51,126 Income tax expense (8,746) (7,528) - - (16,274) Profit / (loss) after tax 34,852 Segment profit / (loss) before income tax includes the  Sales to external customers 213,974 126,127 7,003 - 347,104 Sales to Group entities 896 1,357 297 (2,550) - Cost of sales (70,839) (53,489) (3,231) - (127,559) Interest income 48 83 - - 131 Interest expense (2,420) (1,850) (4) - (4,274) Other finance costs (882) (705) - - (1,587) Intercompany net finance income/(expense) (3,867) 3,867 - - - Intercompany recharges income/(expense) (8,135) 8,135 - - - Depreciation and software amortisation (5,882) (3,321) (328) - (9,531) Exchange gain/(loss) on foreign currency borrowing 1,583 (123) 87 (1,656) (109) Additions of non-current assets 13,817 7,831 205 - 21,853 Total current assets 42,676 407,330 3,954 (375,351) 78,609 Total non-current assets 150,085 338,718 246 (194,828) 294,221 Total assets 192,761 746,048 4,200 (570,179) 372,830 Total current liabilities (97,826) (9,928) (7,510) 76,556 (38,708) Total non-current liabilities  (27,739) (26,749) - - (54,488) Total liabilities (125,565) (36,677) (7,510) 76,556 (93,196)