Wasco Berhad Integrated Annual Report 2023

Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 43 SEGMENTAL ANALYSIS (CONTINUED) Energy Services Bioenergy Services Others Total RM’000 RM’000 RM’000 RM’000 RESULTS Financial year ended 31 December 2023 Revenue 2,316,817 288,844 17,034 2,622,695 Less: Inter-segment revenue - - (17,007) (17,007) External revenue 2,316,817 288,844 27 2,605,688 Segment profit/(loss) 216,197 47,867 (8,311) 255,753 Share of results of associates - - 16,307 16,307 Share of results of joint ventures 1,083 571 (13,423) (11,769) 217,280 48,438 (5,427) 260,291 Unallocated expenses relating to financing activities (24,148) Unallocated corporate expenses (17,887) Profit before tax 218,256 TOTAL ASSETS As at 31 December 2023 Segment assets 2,338,107 227,184 50,814 2,616,105 Investment in associates - - 112,742 112,742 Investment in joint ventures 3,578 4,460 12,142 20,180 Assets classified as held for sale - 7,300 4,790 12,090 2,341,685 238,944 180,488 2,761,117 Unallocated corporate assets - Assets of disposal group classified as held for sale 120,181 - Deferred tax assets 26,719 - Tax recoverable 15,478 - Cash and cash equivalents 22,491 - Others 664 2,946,650 271 Wasco Berhad

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