Wah Seong Corporation Berhad Annual Report 2019

176 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 43 SEGMENTAL ANALYSIS (CONTINUED) Oil & Gas Renewable Energy Industrial Trading & Services Others Total RM’000 RM’000 RM’000 RM’000 RM’000 OTHER INFORMATION (CONTINUED) Financial year ended 31 December 2019 Revenue comprise of: - Revenue from contracts with customers 1,466,752 399,550 425,216 202,649 2,494,167 - Revenue from other sources 19,529 - 907 313 20,749 1,486,281 399,550 426,123 202,962 2,514,916 Revenue from contracts with customers is represented by: Timing of revenue recognition - Overtime 1,183,630 223,847 - 165,637 1,573,114 - At a point in time 283,122 175,703 425,216 37,012 921,053 1,466,752 399,550 425,216 202,649 2,494,167 RESULTS Financial year ended 31 December 2018 Revenue 1,981,234 335,845 481,679 165,505 2,964,263 Less: Inter segment revenue (2,711) - - (421) (3,132) External revenue 1,978,523 335,845 481,679 165,084 2,961,131 Segment profits/(losses) 132,420 29,231 7,279 (5,722) 163,208 Share of results of associates 1,448 - (208) (70) 1,170 Share of results of joint ventures (21,719) 1,506 - 753 (19,460) 112,149 30,737 7,071 (5,039) 144,918 Unallocated expenses relating to financing activities (20,253) Unallocated corporate expenses (17,577) Profit before tax 107,088