GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 77 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 4. OPERATING SEGMENT (cont’d) Inter-segment revenue is priced along the same lines as sales to external customers and is eliminated in the consolidated financial statements. These policies have been applied consistently throughout the current and previous financial years. Segment results, assets and liabilities include items directly attributable to a segment. Segment capital expenditure is the total costs incurred during the period to acquire segment assets that are expected to be used for more than one year. 2017 Malaysia Philippines Thailand Australia Total for reportable segments Adjustments and eliminations Per consolidated financial statements RM RM RM RM RM RM RM REVENUE External sales Shared services 30,894,802 18,989,501 5,785,114 - 55,669,417 - 55,669,417 Solution services 8,039,111 3,096,235 3,612,496 936,790 15,684,632 - 15,684,632 Transaction payment acquisition 172,047,327 6,962,776 3,317,066 - 182,327,169 - 182,327,169 Inter-segment sales 33,998,260 - (2,108) 1,316 33,997,468 (33,997,468) - Total revenue 244,979,500 29,048,512 12,712,568 938,106 287,678,686 (33,997,468) 253,681,218 RESULTS Segment results 26,425,065 Interest income 899,936 Finance costs (1,915,226) Profit before tax 25,409,775 Tax expense (4,905,157) Profit for the financial year 20,504,618 Assets Segment assets 398,511,498 44,155,915 23,212,009 1,084,025 466,963,447 (40,226,217) 426,737,230 Liabilities Segment liabilities 241,115,288 25,255,227 15,469,034 1,745,854 283,585,403 (131,172,641) 152,412,762 OTHER MATERIAL NON-CASH ITEMS Amortisation of intangible assets 325,657 - - - 325,657 - 325,657 Bad debts written off 223,794 - - - 223,794 - 223,794 Depreciation of property, plant and equipment 11,320,605 7,219,981 1,839,033 2,721 20,382,340 - 20,382,340 Gain on disposal of property, plant and equipment 216,447 - 121 - 216,568 - 216,568 Impairment losses on trade and other receivables 956,754 109,203 344,521 - 1,410,478 - 1,410,478 Reversal of impairment losses on trade and other receivables 4,486,567 - - - 4,486,567 (3,617,288) 869,279 Unrealised loss/(gain) on foreign exchange 4,125,976 (191,223) (226,535) - 3,708,218 - 3,708,218