GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 78 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 4. OPERATING SEGMENT (cont’d) 2016 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 32,589,171 18,052,474 4,261,280 - 54,902,925 - 54,902,925 Solution services 7,152,078 3,217,500 2,405,813 1,001,160 13,776,551 - 13,776,551 Transaction payment acquisition 170,656,794 5,165,091 1,421,995 - 177,243,880 - 177,243,880 Inter-segment sales 21,791,961 - - - 21,791,961 (21,791,961) - Total revenue 232,190,004 26,435,065 8,089,088 1,001,160 267,715,317 (21,791,961) 245,923,356 RESULTS Segment results 54,489,787 1,458,292 571,202 308,676 56,827,957 (30,353,968) 26,473,989 Interest income 359,800 Finance costs (2,071,227) Profit before taxation 24,762,562 Tax expense (6,604,922) Profit for the financial year 18,157,640 Assets Segment assets 356,926,189 43,705,756 13,220,296 618,393 414,470,634 (17,251,751) 397,218,883 Liabilities Segment liabilities 217,359,682 25,243,205 14,444,371 1,365,193 258,412,451 (120,414,384) 137,998,067 OTHER MATERIAL NON-CASH ITEMS Amortisation of intangible assets 697,042 - - - 697,042 - 697,042 Depreciation of property, plant and equipment 9,706,468 7,174,748 1,633,882 3,374 18,518,472 - 18,518,472 Gain on disposal of property, plant and equipment (144,171) - - - (144,171) - (144,171) Impairment losses on trade and other receivables 1,005,430 787,960 18,102 - 1,811,492 - 1,811,492 Intangible assets written off 314,249 - - - 314,249 - 314,249 Inventories written off 435,865 - 37,563 - 473,428 - 473,428 Property, plant and equipment written off 419,986 - 164,129 - 584,115 - 584,115 Reversal of impairment losses on trade and other receivables (187,459) - - - (187,459) - (187,459) Share options granted under ESS 400,408 - - - 400,408 - 400,408 Unrealised (gain)/loss on foreign exchange (2,215,644) 729,655 (232,608) - (1,718,597) 353,203 (1,365,394)