Wah Seong Corporation Berhad Annual Report 2020

179 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 43 SEGMENTAL ANALYSIS (CONTINUED) Oil & Gas Renewable Energy Industrial Trading & Services Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RESULTS Financial year ended 31 December 2020 Revenue 579,466 357,446 301,113 173,921 1,411,946 Less: Inter segment revenue (2,436) - - (403) (2,839) External revenue 577,030 357,446 301,113 173,518 1,409,107 Segment (losses)/profits (272,664) 26,547 19,769 4,193 (222,155) Share of results of associates 12,653 - 293 (4) 12,942 Share of results of joint ventures (26,833) 1,110 - (750) (26,473) (286,844) 27,657 20,062 3,439 (235,686) Unallocated expenses relating to financing activities (15,350) Unallocated corporate expenses (16,988) Loss before tax (268,024) TOTAL ASSETS As at 31 December 2020 Segment assets 1,160,733 420,213 179,737 74,682 1,835,365 Investment in associates 216,108 - 15,025 - 231,133 Investment in joint ventures 64,338 6,406 - 10,339 81,083 Assets classified as held for sale 9,590 - 17,389 - 26,979 1,450,769 426,619 212,151 85,021 2,174,560 Unallocated corporate assets - Deferred tax assets 35,364 - Tax recoverable 4,879 - Cash and cash equivalents 27,202 - Short term investment 642 - Others 25,175 Total assets 2,267,822