Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 180 44 SEGMENTAL ANALYSIS (CONTINUED) Oil & Gas RM’000 Renewable Energy RM’000 Industrial Trading & Services RM’000 Plantation RM’000 Others RM’000 Total RM’000 RESULTS Financial year ended 31 December 2016 Revenue 425,383 292,539 496,173 - 65,278 1,279,373 Less: Inter segment revenue (2,431) - - - (354) (2,785) External revenue 422,952 292,539 496,173 - 64,924 1,276,588 Segment (losses)/profits (118,782) 35,542 (10,680) (56,580) (7,331) (157,831) Share of results of associates (40,597) - 36 (13,294) - (53,855) Share of results of joint ventures 5,910 30 - - 1,872 7,812 (153,469) 35,572 (10,644) (69,874) (5,459) (203,874) Unallocated expenses relating to financing activities (19,258) Unallocated corporate expenses (2,732) Loss before tax (225,864) TOTAL ASSETS As at 31 December 2016 Segment assets 1,429,782 323,115 270,059 2,049 71,630 2,096,635 Investment in associates 185,115 - 329 29,739 - 215,183 Investment in joint ventures 135,801 1,210 - - 17,507 154,518 1,750,698 324,325 270,388 31,788 89,137 2,466,336 Unallocated corporate assets - Deferred tax assets 24,525 - Tax recoverable 16,112 - Cash and cash equivalents 70,539 - Others 27,729 Total assets 2,605,241