Wah Seong Corporation Berhad Annual Report 2018

44 SEGMENTAL ANALYSIS (CONTINUED) Industrial Renewable Trading & Oil & Gas Energy Services Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RESULTS Financial year ended 31 December 2017 Revenue 1,558,949 280,274 520,423 134,791 2,494,437 Less: Inter segment revenue (1,877) - - (460) (2,337) External revenue 1,557,072 280,274 520,423 134,331 2,492,100 Segment profits/(losses)* 124,793 28,492 (493) (4,307) 148,485 Share of results of associates* 137 - 43 (5,043) (4,863) Share of results of joint ventures 7,088 1,015 - 1,774 9,877 132,018 29,507 (450) (7,576) 153,499 Unallocated expenses relating to financing activities (24,963) Unallocated corporate expenses (5,931) Profit before tax 122,605 TOTAL ASSETS As at 31 December 2017 Segment assets 1,966,038 333,006 293,867 93,712 2,686,623 Investment in associates 184,360 - 863 - 185,223 Investment in joint ventures 126,791 2,225 - 17,430 146,446 2,277,189 335,231 294,730 111,142 3,018,292 Assets held for sale 18,143 Unallocated corporate assets - Deferred tax assets 41,724 - Tax recoverable 15,418 - Cash and cash equivalents 18,155 - Short term investment 18,862 - Others 39,783 Total assets 3,170,377 OTHER INFORMATION Financial year ended 31 December 2017 Depreciation of: - Property, plant and equipment 136,172 4,647 2,161 1,733 144,713 - Investment properties - - 13 223 236 Amortisation of: - Prepaid lease payments 689 - 820 - 1,509 Additions of: - Property, plant and equipment 473,320 2,993 569 1,117 477,999 - Investment properties - - - 30 30 Impairment loss on trade receivables - 921 502 - 1,423 Impairment loss on property, plant and equipment 72,024 - 818 - 72,842 Impairment loss on investment in an associate** - - - 271 271 Impairment loss on inventories - 3,386 2,821 - 6,207 Interest income (3,921) (1,023) (1,443) (1,273) (7,660) Interest expense 12,628 820 2,881 605 16,934 * Segment profits/(losses) and share of results of associates included Plantation segment, which amounted to loss of RM8,698,000 and loss of RM5,043,000 respectively within the “Others” segment. ** Impairment loss on investment in an associate included Plantation segment, which amounted to RM271,000 within the “Others” segment. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 ANNUAL REPORT 2018 167