342 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 42. Segment information (continued) Geographical information The Group operates in the following main geographical areas: (i) Malaysia - mainly involved in leasing and sub-leasing of FPSOs and OSVs on bareboat or time charter basis (ii) Ghana, Nigeria, Norway and other countries - mainly involved in the charter of FPSOs and tankers and ship management services (iii) Brazil - involved in design, supply, installation, operation, life extension and demobilisation of an FPSO (iv) India - involved in owning and operating renewable energy generation assets Revenue by location of the Group’s operations are analysed as follows: Group 2022 2021 RM million RM million Malaysia 302 339 Ghana 566 573 Nigeria 438 1,417 Norway 13 18 Brazil 2,206 2,299 India 72 6 Other countries 10 197 3,607 4,849 Non-current assets other than financial instruments and deferred tax assets managed by the Group in Ghana and Nigeria amounted to RM3,126 million and RM64 million respectively as at 31 January 2022 (2021: RM3,176 million and RM82 million respectively). The Group’s largest customers (by revenue contribution) are from the Offshore Production & Offshore Marine segments. In the financial year ended 31 January 2022, 2 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM566 million and RM2,206 million respectively. In the financial year ended 31 January 2021, 3 customers contributed revenue individually exceeding 10% of the Group’s total revenue, amounting to RM573 million, RM1,243 million and RM2,299 million respectively. 43. Capital management For the purpose of the Group’s and the Company’s capital management, capital includes share capital and all other equity reserves attributable to owners of the Company. The objectives of the Group’s and the Company’s capital management are to maximise shareholders’ value, to maintain optimal capital structure to reduce cost of capital and to sustain future developments of the Group. In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders, shares buy-back or issue new shares. The Group and the Company monitor capital using gross and net debt to equity ratio. Net debt includes interest bearing loans and borrowings, less cash and short-term deposits and current other investments.
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