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## NOTES TO THE FINANCIAL STATEMENTS CONTINUED 

Notes to and forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 

## SEGMENT INFORMATION 03 

The consolidated entity is organised geographically on a global basis which represents its primary and only internal segmentation reporting. The economic entity’s only business segment is the retail and distribution of motor vehicle spare parts and accessories, tools and equipment. 

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## Notes to and forming part of the segment information 

## Accounting policies 

Segment information is prepared in conformity with the accounting policies of the entity as disclosed in Note 1 and accounting standard AASB 1005, Segment Reporting. 

## Inter-segment transfers 

Segment revenues, expenses and results include transfers between segments. Such transfers are priced on an “arm’s-length” basis and are eliminated on consolidation. 

