NOTES TO THE FINANCIAL STATEMENTS Cont’d 27. Dividends cont’d After the end of the reporting period, the following dividend was declared by the Directors on 24 February 2023 and paid on 31 March 2023. This dividend will be recognised in subsequent financial year. Sen per share Total amount RM’000 Fourth interim 2022 ordinary 1.75 144,193 The Directors do not recommend any final dividend to be paid for the financial year under review. 28. Operating segments The Group has four reportable segments, as described below, which are the Group’s strategic business units. The strategic business units offer different products and services, and are managed separately because they require different technology and marketing strategies. For each of the strategic business units, the Chief Operating Decision Maker (“CODM”) (i.e. the Group’s Chief Executive Officer) reviews internal management reports on a monthly basis. The following summary describes the operations in each of the Group’s reportable segments: • Smelting and Extrusion Includes manufacturing and trading of smelting and extrusion products • Trading Includes marketing of aluminium and other related products • Refinery Includes refinery of alumina • Investment holding Includes investment holding The manufacturing and trading of smelting and extrusion products are managed by two different segments within the Group. These operating segments are aggregated to form a reportable segment as Smelting and Extrusion due to the similar nature and economic characteristics of the products. The nature and methods of distribution of the products for these divisions are similar. The type of customers for the products are similar, which consist of industrial customers. Other non-reportable segments comprise operations related to contracting and fabrication, manufacturing of moulds and dies and dormant companies. None of these segments met the quantitative thresholds for reporting segments in 2022 and 2021. There are varying levels of integration between Smelting and Extrusion, Trading and Refinery reportable segments. This integration includes transfers of raw materials and shared distribution services respectively. Intersegment pricing is determined on negotiated basis. Performance is measured based on segment profit before tax and interest, as included in the internal management reports that are reviewed by the CODM. Segment profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. Segment assets The total of segment assets is measured based on all assets (including goodwill) of a segment, as included in the internal management reports that are reviewed by the CODM. Segment total asset is used to measure the return on assets of each segment. Segment liabilities Segment liabilities information is neither included in the internal management reports nor provided regularly to the CODM. Hence, no disclosure is made on segment liabilities. PRESS METAL ALUMINIUM HOLDINGS BERHAD 275
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