Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

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Segment information

The management has determined the operating segments based on the reports reviewed by the management team that are used to make strategic decisions. The management team comprises the Chief Executive Officer, Chief Operating Officer and the heads of each business segment. The management team considers the business from both a geographic and business segment perspective. The Group has 3 reportable operating segments: investment, real estate development and hospitality. The segments offer different services, and are managed separately as they require different marketing strategies. The following summary describes the operations in each of the Group’s reportable segments:

a) Investment:

Investment holding

b) Real estate development:

Property development activities and holding of property related assets

c) Hospitality:

Hotel management and hospitality services

Geographical information

The Group’s two business segments operate in two main geographical areas:

• Singapore - the Company is headquartered and has operations in Singapore. The operations in this area are principally investment holding;

• PRC - the operations in this area are principally in real estate development activities and hospitality business.

ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED

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