Tropicana Corporation Berhad Annual Report 2020

43. SEGMENTAL INFORMATION Business Segments For management purposes, the Group is organised into business units based on their business segments, and has three reportable operating segments as follows: (i) Property development and property management (" PDPM ") - Development of residential and commercial properties. (ii) Property investment, recreation and resort (" PIRR ") - Management and operation of hotels, resort, golf course, club house and investments in commercial and other properties. (iii) Investment holding and others (" IH ") - Investment income, landscape services, management and operation of private school and other operations which are not sizeable to be reported separately. Except as indicated above, no operating segments have been aggregated to form the above reportable operating segments. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segmental performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Group financing (including finance costs) and income taxes are managed on a group basis and are allocated to operating segments. 43. SEGMENTAL INFORMATION (CONT'D.) Segmental information by business segments: Adjustments and PDPM PIRR IH eliminations Note Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 Revenue and expenses Revenue External sales 901,663 900,489 95,274 146,210 65,634 89,144 – – 1,062,571 1,135,843 Inter-segment 3,704 19,276 17,548 14,709 142,031 150,333 (163,283) (184,318) (A) – – Total revenue 905,367 919,765 112,822 160,919 207,665 239,477 (163,283) (184,318) 1,062,571 1,135,843 Results Finance income 17,997 22,026 7,055 6,963 182,421 84,822 (189,693) (95,343) 17,780 18,468 Depreciation and amortisation (8,776) (8,425) (20,871) (18,819) (14,351) (17,394) 9,108 7,593 (34,890) (37,045) Share of results of an associate 6,046 819 – – – – – – 6,046 819 Share of results of joint ventures (1,168) 11,258 – – – – – – (1,168) 11,258 Other non-cash items 149,561 5,840 (49,152) (56,682) (7,952) (89,777) (1,802) 327,889 (B) 90,655 187,270 Segment profit/(loss) 491,299 306,286 (110,301) (54,712) (34,422) (107,802) (108,172) 223,702 (C) 238,404 367,474 Assets Investment in an associate 151,552 152,279 – – – – (55,668) (61,714) 95,884 90,565 Investments in joint ventures 144,244 112,470 – – – – 134,084 152,515 278,328 264,985 Additions to non-current assets 602,278 203,995 85,191 429,605 246,674 23,034 (79,425) (83,757) (D) 854,718 572,877 Segment assets 8,571,256 8,199,052 1,543,893 1,431,943 10,953,809 7,617,654 (9,267,227) (5,958,664) 11,801,731 11,289,985 Segment liabilities 5,023,349 5,098,504 1,320,817 1,052,300 6,304,319 3,010,509 (6,606,060) (3,520,016) 6,042,425 5,641,297 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 286 287