Wah Seong Corporation Berhad Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 43 SEGMENTAL ANALYSIS (CONTINUED) Energy Solutions Services Renewable Energy Industrial Trading & Services Others Total RM’000 RM’000 RM’000 RM’000 RM’000 OTHER INFORMATION Financial year ended 31 December 2022 Depreciation of: - Property, plant and equipment 34,538 4,956 680 1,609 41,783 - Investment properties - - 2 220 222 - Right-of-use assets 25,804 67 1,119 1,565 28,555 Additions of: - Property, plant and equipment 31,498 4,129 169 849 36,645 Impairment loss/(reversal of impairment loss) on: - Investment in an associate 39,537 - - - 39,537 - Investment in a joint venture 8,989 - - - 8,989 - Receivables 393 6,548 209 - 7,150 - Amounts owing by associates 21,313 - - (43) 21,270 Allowance/(reversal) on slow moving and obsolete inventories 227 2,382 (101) - 2,508 Write-off on: - Property, plant and equipment 1,490 37 2 1 1,530 - Inventories 57 403 13 - 473 - Receivables 71 25 - 23 119 Interest income (2,105) (690) (1,413) (170) (4,378) Interest expense - Loans and borrowings 9,803 4,670 2,134 384 16,991 - Lease liabilities 11,430 - 90 198 11,718 Revenue comprise of: - Revenue from contracts with customers 1,692,143 482,374 319,584 187,042 2,681,143 - Revenue from other sources 4,496 - 853 26 5,375 1,696,639 482,374 320,437 187,068 2,686,518 Revenue from contracts with customers is represented by: Timing of revenue recognition - Over time 1,533,639 336,608 6,808 145,148 2,022,203 - At a point in time 158,504 145,766 312,776 41,894 658,940 1,692,143 482,374 319,584 187,042 2,681,143 Annual Report 2022 Wah Seong Corporation Berhad 193

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