Segmental Earnings Reclassification
10 January 2012
AGL Energy Limited (AGL) will amend the basis for segmental analysis reporting commencing with the 2012 interim results to be released on 24 February 2012. Accounting Standard AASB 8 requires companies to report segmental information on a similar basis as is used internally by management for reviewing operating segment performance.
There is no change to the reported profit in any prior periods, only a reallocation between business units.
The two main changes are:
> Business Customers (formerly Commercial and Industrial) transferred to Merchant Energy, previously reported in Retail Energy; and
> Some administration costs (mainly finance and IT) now reported in centrally managed expenses, previously reported in the business units.
The historical segment data in Appendix 1 is provided to facilitate comparisons with performance in prior periods.
Click here to view the full release with Appendix 1 - Segmental Analysis Restatement.
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Further enquiries: |
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Investors
John Hobson, Head of Capital Markets
Direct: + 61 2 9921 2789
Mobile: + 61 (0) 488 002 460
e-mail: john.hobson@agl.com.au
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Media
Nathan Vass, Head of Corporate Communications Direct: + 61 2 9921 2264 Mobile: + 61 (0) 405 040 133
e-mail: nvass@agl.com.au
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