My first Publication ocbc_ar17_fullreport_english | Page 226

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
38. SEGMENT INFORMATION (continued)
38.1 BUSINESS SEGMENTS (continued)
Global Treasury and Markets
Global Treasury and Markets is responsible for the management of the Group’s asset and liability interest rate positions, engages in
foreign exchange activities, money market operations, fixed income and derivatives trading, and offers structured treasury products
and financial solutions to meet customers’ investment and hedging needs. Income from treasury products and services offered
to customers of other business segments, such as Global Consumer/Private Banking and Global Corporate/Investment Banking, is
reflected in the respective business segments.
OCBC Wing Hang
OCBC Wing Hang offers a comprehensive range of commercial banking and related financial services such as consumer financing,
share brokerage and insurance.
Insurance
The Group’s insurance business, including its fund management activities, is undertaken by the Bank’s subsidiary Great Eastern
Holdings Limited and its subsidiaries, which provide both life and general insurance products to its customers mainly in Singapore
and Malaysia.
Others
Others comprise mainly property holding, investment holding and items not attributable to the business segments described above.
The business segment information is prepared based on internal management reports, which are used by senior management for
decision-making and performance management. The following management reporting methodologies are adopted:
(a) income and expenses are attributable to each segment based on the internal management reporting policies;
(b) in determining the segment results, balance sheet items are internally transfer priced; and
(c) transactions between business segments are recorded within the segment as if they are third party transactions and are eliminated
on consolidation.
Where there are material changes in the organisational structure and management reporting methodologies, segment information for
prior periods is restated to allow comparability. There are no material items of income or expense between the business segments.
38.2
GEOGRAPHICAL SEGMENTS
$ million
2017
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
2016
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
Total
income Profit before
income tax Capital
expenditure Total
assets Total
liabilities
5,791
1,327
808
1,326
162
221
9,635 2,878
705
449
978
119
87
5,216 169
53
24
15
1
1
263 257,558
62,914
15,378
85,758
13,399
19,931
454,938 255,228
51,481
12,655
56,721
8,276
28,801
413,162
4,908
1,314
731
1,250
141
145
8,489 2,154
802
226
934
84
75
4,275 307
59
28
24
1
3
422 229,752
60,412
14,946
75,563
12,007
17,204
409,884 227,113
49,261
12,727
54,720
7,056
19,365
370,242
The Group’s operations are in six main geographical areas. The geographical information is prepared based on the country in which
the transactions are booked. It would not be materially different if it is based on the country in which the counterparty or assets are
located. The geographical information is stated after elimination of intra-group transactions and balances.
224
OCBC ANNUAL REPORT 2017