NOTES TO THE FINANCIAL STATEMENTS CONTINUED Notes to and forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 SEGMENT INFORMATION 03 The consolidated entity is organised geographically on a global basis which represents its primary and  only internal segmentation reporting. The economic entity’s only business segment is the retail and  distribution of motor vehicle spare parts and accessories, tools and equipment. Inter-Segment  New eliminations/  Geographical Segments  Australia  Zealand  unallocated  Consolidated 2004  2004  2004  2004  $’000  $’000  $’000  $’000 Sales to external customers 65,760  4,997  0  70,757 Inter-segment sales  3,503  0  (3,503)  (0) Total sales revenue  69,263  4,997  (3,503)  70,757  Other revenue  496  1  (330)  167 Total segment revenue  69,759  4,998  (3,833)  70,924 Segment result  4,651  (472)  (7)  4,172 Unallocated revenue less unallocated expenses  0 Profit from ordinary activities before related income tax expense  4,172 Income tax expense  (1,405) Net profit/(loss)  2,767 Segment assets  199,288  14,380  (12,230)  201,438 Unallocated assets  0 Total assets  201,438 Segment liabilities  112,115  14,260  (11,939)  114,436 Unallocated liabilities  0 Total liabilities  114,436 Acquisitions of property, plant and equipment, intangibles and other non-current segment assets 79,891  3,197  26  83,114 Depreciation and amortisation expense  1,499  55  0  1,554 Other non-cash expenses  6,103  1,634  (583)  7,154 Notes to and forming part of the segment information  Accounting policies  Inter-segment transfers  Segment information is prepared in conformity with the accounting policies of the entity as disclosed  in Note 1 and accounting standard AASB 1005, Segment Reporting. Segment revenues, expenses and results include transfers between segments. Such transfers are priced  on an “arm’s-length” basis and are eliminated on consolidation. 60