Yinson Annual Report 2019

203 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 43. SEGMENT INFORMATION For management purposes, the Group is organised into business units based on their products and services, and has the following reportable operating segments as follows: (i) Offshore &Marine - This segment comprises provision of vessels and marine related services. (ii) Other operations - This segment comprises of investment, management services and treasury services. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Group financing (including finance costs) and income taxes are managed on a group basis and are not allocated to operating segments. Offshore & Other Marine operations Consolidated RM’000 RM’000 RM’000 31 January 2019 Revenue: Gross revenue 1,168,786 517,110 1,685,896 Inter-segment (148,065) (502,932) A (650,997) 1,020,721 14,178 1,034,899 Results: Segment results 520,553 (3,942) 516,611 Finance costs (185,559) Share of profit of joint ventures 12,659 Share of profit of associates 150 Income tax expense (79,482) Profit for the financial year 264,379 Amortisation and depreciation (259,855) (5,258) (265,113) Fair value loss: - marketable securities – (1,158) (1,158) - investment properties – (4,200) (4,200) - derivatives – (747) (747) Impairment loss on plant and equipment (33,030) – (33,030) Impairment loss on: - trade receivables (1,070) – (1,070) - other receivables (1,379) (3,985) (5,364) - investment in a joint venture – (12,892) (12,892) - tax recoverable (3,686) – (3,686) Net unrealised gain on foreign exchange 5,748 17,272 23,020 Other non-cash income/(expenses) 252 (111) 141 Assets and liabilities Segment assets 7,022,892 1,060,408 8,083,300 Segment liabilities 3,736,165 723,158 4,459,323 Additions to property, plant and equipment 718,046 133,106 851,152