Wah Seong Corporation Berhad Annual Report 2020

181 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 2019 Revenue 1,489,366 399,550 426,123 203,364 2,518,403 Less: Inter segment revenue (3,085) - - (402) (3,487) External revenue 1,486,281 399,550 426,123 202,962 2,514,916 Segment profits/(losses) 15,619 23,962 (2,133) 9,693 47,141 Share of results of associates 27,105 - 56 (5) 27,156 Share of results of joint ventures (31,790) 1,565 - (702) (30,927) 10,934 25,527 (2,077) 8,986 43,370 Unallocated expenses relating to financing activities (19,880) Unallocated corporate expenses (17,928) Profit before tax 5,562 TOTAL ASSETS As at 31 December 2019 Segment assets 1,473,305 450,822 254,587 72,169 2,250,883 Investment in associates 207,607 - 220 - 207,827 Investment in joint ventures 88,723 5,296 - 17,608 111,627 1,769,635 456,118 254,807 89,777 2,570,337 Unallocated corporate assets - Deferred tax assets 52,567 - Tax recoverable 3,071 - Cash and cash equivalents 7,986 - Short term investment 623 - Others 30,766 Total assets 2,665,350