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Financial Review This section explains the results and performance of the Group, including the segmental analysis, details of significant items, earnings per share and dividends. 3. Segmental information Segmental information is presented in respect of the Group’s industry and geographical segments based on the new divisional structure announced on 21 June 2018. The use of industry segments as the primary format is based on the Group’s management and internal reporting structure, which recognises groups of assets and operations with similar risks and returns. Inter-segment pricing is determined on an arm’s length basis. Industry segments
June 2018 NZ$M Gross sales
June 2018 NZ$M External sales
June 2017 NZ$M Gross sales
June 2017 NZ$M External sales
Year ended
764
613
Building Products
745
589
1,530
1,490
Distribution
1,519
1,470
532 812 575
411 545 575
Steel
491 781 420
378 507 420
Concrete
Residential and Development
1,685 3,076 1,177
1,605 2,973 1,151
Construction
2,246 2,858 1,120
2,085 2,771 1,101
Australia
Formica and Roof Tile Group
108
108
Divested businesses
78
78
8
Other Group
9
10,267
9,471
10,267
9,399
(796)
Less: intercompany sales
(868)
9,471
9,471
Group external sales
9,399
9,399
EBIT before significant items and B+I
EBIT before significant items and B+I
Significant items in EBIT (Note 4)
Significant items in EBIT (Note 4)
132 104
Building Products
152 104
(3) (8)
Distribution
49 90
Steel
54
(17)
Concrete
113 130
136
Residential and Development
52
(5)
Construction
88
114
(49) (57)
Australia
119
(251)
65 13
Formica and Roof Tile Group
79
37
Divested businesses
8
(45)
(66)
Corporate
(30)
(1)
710
(168)
Group
817
(252)
(660) (168) (118)
Building + Interiors (B+I) Significant items (Note 4)
(292) (252)
Earnings before interest and taxation (EBIT) per income statement
273
63 Fletcher Building Limited Annual Report 2018
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