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Escher Group Holdings plc
Annual report 2011
36
for the year ended 31 December 2011
Notes to the consolidated financial statements
continued
5. Segment information
In line with the requirements of IFRS 8 “Operating Segments” the Group has identified its chief operating decision maker
(CODM). The Group has identified the Board of the company as its CODM. The Board reviews the Group’s internal reporting
in order to assess the performance of the Group and allocates resources. The operating segment has been identified based
on these reports.
The Board assesses the performance of the segments based primarily on measures of revenues and net profit. The Board
reviews working capital and overall statement of financial position performance on a Group‑wide basis.
The Board considers the business from a product perspective and consequently determined there to be only one segment.
These product revenues derive from the Group’s owned software products and from the following main sources:
Analysis of revenue by category
2011
US$’000
2010
US$’000
Perpetual licences
1,474
1,741
Time based licences
825
946
Maintenance
5,510
5,449
Support
2,497
2,606
Software development and consulting services
3,556
3,217
Revenue
13,862
13,959
The entity is domiciled in the Republic of Ireland. The Group’s external revenues are derived from the following main
geographic locations:
2011
US$’000
2010
US$’000
Ireland
330
1,007
UK
381
1,119
Other Europe
6,243
4,804
North and Latin America
1,402
4,081
Asia-Pacific region
1,136
1,569
Africa and Middle East
4,370
1,379
Revenue
13,862
13,959
Fluctuations in revenues with individual customers are typically due to a combination of up-front perpetual licence billings
as well as the level and timing of development and other software customisation requirements with that customer (the latter
being from both from initial customisation work following a new licence win and periodic projects driven by a customer’s
internal requirements and software upgrades).
During the period the Group derived revenues from the following external customers (reporting segment region in parentheses)
which individually represented 10% or more of total reported revenues for that year:
2011
%
2010
%
Customer A (other Europe)
16
15
Customer B (Africa and Middle East)
15
10
% of total reported revenues
31
25
The total of non-current assets other than deferred income tax assets located in the Republic of Ireland is US$3.1 million
(2010: US$1.3 million), and the total of non-current assets located in other countries is US$31.5 million (2010: US$31.2 million).