2020 UEM Edgenta Annual Report

41. SEGMENT INFORMATION (CONTD.) Geographical information (contd.) Non-current assets information presented above consist of the followings items as presented in the consolidated statement of financial position: RM’000 2020 2019 Property, plant and equipment 193,678 211,982 Right-of-use assets 40,827 30,937 Land held for property development 477 477 Intangible assets 718,349 734,304 Investment in associates 85,203 77,005 Other investments 232 272 Contract assets 60,957 32,941 Contract fulfillment asset 6,794 2,271 1,106,517 1,090,189 Information about major customers Revenue from two (2019: two) major customers amounted to RM412.9 million and RM367.8 million (2019: RM661.2 million and RM422.1 million) respectively, arising from services rendered in the Infrastructure Services and Healthcare Support segment. 42. SIGNIFICANT EVENT COVID-19 pandemic The COVID-19 pandemic outbreak in early 2020 has impacted economic activities worldwide including Malaysia. In order to control the spread of the COVID-19 pandemic, the Government of Malaysia has imposed various restrictions on economic activities which include travel restrictions, border closures and other quarantine measures. These restrictions had drastically affected the interstate travel and traffic volume which has resulted to lower revenue and budgetary constraints for asset owners, leading to deferment of award of work for major expressways and delay in the award of several key government projects in the infrastructure space. The Group were also affected by higher operating cost in our Healthcare Support segment, due to increase personal protective equipment and sanitisation cost, in the new-normal pandemic environment. For the financial year ended 31 December 2020, all these had impacted the financial performance of the Group and Company as reflected in this set of financial statements. The full impact of COVID-19 pandemic on the Group’s and the Company’s performance for the next financial year could not be reasonably ascertained at the date of this report. This is due to the fact that the impact is highly dependent on the degree to which Malaysia is able to contain the spread of the virus, speed of the vaccine inoculation initiatives and the economic recovery effort that are put in-place in the new normal. T he Group and the Company are taking great effort to mitigate the effects of the ongoing COVID-19 pandemic and proactively address developments in order to best manage the effects on its businesses. Notwithstanding the challenging outlook, the Group and the Company will continue to closely monitor the related risks and impact on all business segments to ensure long term business prospects remain stable. UEM EDGENTA BERHAD 304 Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020