Yinson Annual Report 2019

205 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 43. SEGMENT INFORMATION (CONTINUED) Geographical information (continued) Revenue by location of the Group’s operations are analysed as follows: Group 2019 2018 RM’000 RM’000 Malaysia 30,199 29,860 Africa 981,510 876,790 Norway 9,675 3,506 Other countries 13,515 – 1,034,899 910,156 Non-current assets other than financial instruments and deferred tax assets managed by the Group in Africa amounted to RM4,138.11 million as at 31 January 2019 (2018: RM4,184.09 million). The Group’s largest customers (by revenue contribution) are from the Offshore & Marine segments. In the financial year ended 31 January 2019, 3 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM230,671,000, RM171,197,000 and RM578,343,000 respectively. In the financial year ended 31 January 2018, 3 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM228,297,000, RM171,773,000 and RM461,346,000 respectively. 44. CAPITAL MANAGEMENT For thepurpose of theGroup’s and theCompany’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’s 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 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Loans and borrowings (Note 32) 3,149,730 3,010,158 45,867 22,497 Trade and other payables (Note 36) 735,170 693,476 590,486 389,331 Less: Cash and bank balances (Note 26) (1,217,279) (637,120) (9,480) (7,067) Net debt 2,667,621 3,066,514 626,873 404,761 Equity attributable to owners of the Company, total capital 1,745,412 2,000,401 1,374,111 1,266,568 Capital and net debt 4,413,033 5,066,915 2,000,984 1,671,329 Debt-to-capital ratio 60% 61% 31% 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.