Yinson Annual Report 2018

43. SEGMENT INFORMATION (CONTINUED) Geographical information (continued) Revenue by location of the Group’s operations are analysed as follows: Group 2018 2017 RM’000 RM’000 Malaysia 29,860 24,330 Africa 876,790 516,671 Norway 3,506 2,254 910,156 543,255 Non-current assets other than financial instruments and deferred tax assets managed by the Group in Africa amounted to RM4,184.09 million as at 31 January 2018 (2017: RM4,424.49 million). The Group’s largest customers (by revenue contribution) are from the Offshore & Marine segments. In the financial year ended 31 January 2018, 3 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM228.29 million, RM171.77 million and RM461.35 million respectively. In the financial year ended 31 January 2017, 3 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM221.34 million, RM194.37 million and RM100.96 million respectively. 44. CAPITAL MANAGEMENT For the purpose of the Group’s and the Company’s capital management, capital includes share capital and all other equity reserves attributable to owners of the Company. The objectives of the Group’s and the Company capital management are to maximise shareholders’ value, to maintain optimal capital structure to reduce cost of capital and to sustain future developments of the Group. In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders, shares buy-back or issue new shares. The Group and the Company monitor capital using a debt-to-capital ratio, which is net debt divided by total capital plus net debt. Net debt includes interest bearing loans and borrowings, trade and other payables, less cash and short-term deposits. Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Loans and borrowings (Note 32) 3,010,158 3,393,173 22,497 45,007 Trade and other payables (Note 36) 693,476 299,767 389,331 365,639 Less: Cash and bank balances (Note 26) (637,120) (633,922) (7,067) (7,490) Net debt 3,066,514 3,059,018 404,761 403,156 Equity attributable to owners of the Company, total capital 2,000,401 1,968,713 1,266,568 1,242,788 Capital and net debt 5,066,915 5,027,731 1,671,329 1,645,944 Debt-to-capital ratio 61% 61% 24% 24% The Group and Company are required to comply with financial covenants such as Debt Service Cover Ratio and Debt to Equity Ratio, as defined in the respective facilities agreements. During the financial year, the Group and the Company have complied with these requirements. Corporate Overview Stewardship Governance Accountability 183 Yinson Holdings Berhad Annual Report 2018