KBS Fashion Group Ltd | CIK:0001546383 |

Filed: 4/30/2018

Entity registrant name: KBS Fashion Group Ltd (CIK: 0001546383)

Generator: Ez-XBRL

SEC filing page: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/0001213900-18-005204-index.htm

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7.

SEGMENT REPORTING

 

Management currently identifies the Group’s three sales models as operating segments, which are wholesale, retail and contract manufacturing. The segment presentation is in accordance with management’s expectation of future business developments. These operating segments are monitored and strategic decisions are made on the basis of segmental gross margins.

 

By business		Wholesale												Retail												Subcontracting												Consolidated
		For the year ended December 31,												For the year ended December 31,												For the year ended December 31,												For the year ended December 31,
		2017				2016				2015				2017				2016				2015				2017				2016				2015				2017				2016				2015
Sales to external customers			15,034,800				32,127,083				40,815,528				6,983,592				5,529,985				18,091,585				1,744,144				3,543,137				2,436,568				23,762,536				41,200,205				61,343,681
Segment revenue			15,034,800				32,127,083				40,815,528				6,983,592				5,529,985				18,091,585				1,744,144				3,543,137				2,436,568				23,762,536				41,200,205				61,343,681
Segment gross margins/(loss)			2,277,858				6,504,893				9,668,518				(14,291,680	)			(5,668,061	)			4,239,168				502,007				1,321,441				924,721				(11,511,815	)			2,158,273				14,832,407
Reconciling items																																							(7,901,842	)			(17,787,093	)			(12,983,048	)
Profit/(loss) before tax																																							(19,413,657	)			(15,628,820	)			1,849,359
Income tax income/(expense)																																							4,598,061				3,726,133				(605,689	)
Profit/(loss) for the year																																							(14,815,596	)			(11,902,687	)			1,243,670

  

		As of December 31, 2017
		Wholesale and Retail				Subcontracting				Unallocated				Consolidated
Current assets			34,036,883				6,284,118				22,384				40,343,385
Non-current assets			8,987,857				31,978,462				-				40,966,319
Total assets			43,024,740				38,262,580				22,384				81,309,704
Current liabilities			3,722,277				1,995,164				1,565,068				7,282,509
Total liabilities			3,722,277				1,995,164				1,565,068				7,282,509

 

		As of December 31, 2016
		Wholesale and Retail				Subcontracting				Unallocated				Consolidated
Current assets			50,272,887				6,048,538				22,398				56,343,823
Non-current assets			4,354,540				30,400,401				-				34,754,941
Total assets			54,627,427				36,448,939				22,398				91,098,764
Current liabilities			3,342,199				1,793,351				2,561,089				7,696,639
Total liabilities			3,342,199				1,793,351				2,561,089				7,696,639

 

Geographical information

 

The Group’s operations are located in the PRC and all of the Group’s revenue is derived from sales to customers in the PRC. Hence, no analysis by geographical area of operations is provided.

  

Information about major customers

 

Major distributors that make up 10% or more of wholesale revenue are as below:

 

			Year ended December 31,
			2017				2016				2015
	Distributor A			1,454,862				3,782,718				6,625,797
	Other distributors			13,579,938				28,344,365				34,189,731
				15,034,800				32,127,083				40,815,528

 

Information about major suppliers

 

Major suppliers that make up 10% or more of purchases are as below:

 

			Year ended December 31,
			2017				2016				2015
	Supplier A			2,403,309				6,655,740				15,048,108
	Supplier B			1,714,468				5,424,342				8,354,316
	Supplier C			1,684,743				4,083,924				6,588,639
	Supplier D			1,530,429				3,023,297				5,294,921
	Other suppliers			5,065,563				6,436,809				12,752,234
				12,398,512				25,624,112				48,038,218