Page 62 - OneVue Annual Report 2015

Notes to the financial statements

Note 4. Description of segments

Operating segments are identified and segment information disclosed on the basis of internal reports that are
regularly provided to, or reviewed by, OneVue’s chief operating decision makers which, for OneVue, is the Board of
Directors. In this regard, such information is provided using different measures to those used in preparing the
statement of profit and loss and other comprehensive income and statement of financial position.

Identification of reportable operating segments

OneVue is organised into two operating segments: Fund Services and Platform Services. These operating segments
are based on the internal reports that are reviewed and used by the Board of Directors (who are identified as the
Chief Operating Decision Makers ('CODM')) in assessing performance and in determining the allocation of
resources. There is no aggregation of operating segments.

The Board also uses EBITDA (earnings before interest, tax, depreciation and amortisation) as a principal profit
measure. The accounting policies adopted for internal reporting to the CODM are consistent with those adopted in
the financial statements.

The information reported to the CODM is on at least a monthly basis.

Types of services
The principal services of each of these operating segments are as follows:

Fund Services Outsourced unit registry services and installed software to a range of investment
Platform Services managers, custodians, trustees and RE Services.

Provides an investment platform for investment administration, tax and reporting
services for both superannuation and other investments. Within Platform Services,
OneVue also offers a retail superannuation fund, specialist SMSF compliance and
administration services and investment management.

Intersegment transactions

Intersegment transactions were made at market rates.

Intersegment receivables, payables and loans

Intersegment loans are initially recognised at the consideration received. Intersegment loans are eliminated on
consolidation.

Major customers

During the year ended 30 June 2015, OneVue’s two largest clients accounted for approximately 11% or $2.9 million
and 10% or $2.6 million of OneVue’s external revenue respectively. Both clients are Financial Services companies
and are serviced by the Platform Services segment.

62 - ONEVUE ANNUAL REPORT 2015