Notes To The Financial Statements 31 March 2024 (Cont’d) 163 FINANCIAL STATEMENTS & OTHERS 31. OPERATING SEGMENTS (continued) Segment assets exclude current tax assets, deferred tax assets and assets used primarily for corporate purposes. Segment liabilities exclude current tax liabilities and deferred tax liabilities. Even though loans and borrowings arise from financing activities rather than operating activities, they are allocated to the segments based on relevant factors (e.g. funding requirements). Details are provided in the reconciliations from segments assets and liabilities to the Group position. The Group is principally engaged in property development, energy logistics, Maintenance, Repair and Overhaul (“MRO”) services, investment holding activities and other management services activities. The reportable segments of the Group are summarised as follows: (a) Property development: Joint venture property development activities with projects in Malaysia and the United Kingdom (“UK”) (b) Energy logistics: Provision of logistics/chartering, engineering, operation and maintenance services relating to the energy sector (c) MRO services: Provision of MRO, engineering and fabrication services to various sectors (d) Investment holdings and others: Investment holdings and provision of management services activities Investment Property Energy MRO holdings development logistics services and others Total 2024 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue Total revenue 4,583 25,433 1,041 - 31,057 Inter-segment revenue - - - - - Revenue from external customers 4,583 25,433 1,041 - 31,057 Segment loss before tax (3,355) (3,013) (1,680) (8,123) (16,171) Interest income 19 64 23 27 133 Finance costs (538) (1,248) - (1,747) (3,533) Lease interest (120) - (4) (6) (130) Net finance expense (639) (1,184) 19 (1,726) (3,530) Depreciation of property, plant and equipment (16) (5,770) (20) (30) (5,836) Amortisation of right-of-use assets (162) - (30) (94) (286) Impairment loss on property, plant and equipment - (519) - - (519) Total depreciation, amortisation and impairment loss (178) (6,289) (50) (124) (6,641) Inventories written down (994) - - (32) (1,026) Gain on disposal of subsidiary - - - 120 120 Segment assets 68,496 74,119 1,088 8,181 151,884 Segment liabilities 38,117 20,903 644 19,885 79,549
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