Annual Report 2021

195 2021 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 12 Segment reporting The Group manages its business by business lines. In a manner consistent with the way in which information is reported internally to the Group’s chief operating decision maker (“CODM”) for the purposes of resource allocation and performance assessment, the Group has presented the following two reportable segments: Franchised bus operation: The provision of franchised public transport services in Hong Kong. Property holdings and development: The holding and development of non-residential properties for the use as investment properties. All other segments: The provision of non-franchised transport services, provision of cross-boundary shuttle bus services between Lok Ma Chau (Hong Kong) and Huanggang (Shenzhen) and investment holding. Other operating segments which do not meet the quantitative thresholds prescribed by HKFRS 8, Operating segments , for determining reportable segments are combined as “all other segments”. Such operating segments generate profits mainly from the provision of non-franchised transport services and interest in associates. (a) Segment results, assets and liabilities For the purposes of assessing segment performance and allocating resources between segments, the Group’s CODM monitors the results, assets and liabilities attributable to each reportable segment on the following bases: Revenue and expenses are allocated to the reportable segments with reference to the revenue generated and expenses incurred by those segments. The measure used for reporting segment profit is net profit after taxation, adjusted for head office or corporate administration costs which are not specifically attributable to individual segments. Inter-segment revenue is priced with reference to the price charged to external parties for similar transactions. Segment assets and segment liabilities include all current and non-current assets and liabilities, respectively, which are directly managed by the segments.