295 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 42. Segment information For management purposes, the Group is organised into business units based on their services, and has the following reportable operating segments as follows: (i) Offshore Production & Offshore Marine - This segment consists of Engineering, Procurement, Construction, Installation and Commissioning (“EPCIC”) business activities and FPSO operations covering leasing of vessels and marine related services. (ii) Other operations - This segment comprises investment holding, management services and treasury services. (iii) Renewables - This segment consists of owning and operation renewable energy generation assets. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Group financing (including finance costs) and income taxes are managed on a group basis and are not allocated to operating segments. Offshore Production & Offshore Marine RM million Other operations RM million Renewables RM million Consolidated RM million 31 January 2023 Revenue: Gross revenue 6,609 632 92 7,333 Inter-segment (364) (628) (17) (1,009) 6,245 4 75 6,324 Results: Segment results 1,675 (98) (129) 1,448 Finance costs (577) Share of loss of joint ventures (3) Share of loss of associates (13) Income tax expense (267) Profit for the financial year 588 Amortisation and depreciation (303) (10) (20) (333) Fair value loss on other investments - (5) - (5) Impairment loss on property, plant and equipment - - (117) (117) Impairment loss on investment in an associate - (8) - (8) Bad debts written off - (1) - (1) Property, plant and equipment written off (1) - - (1) Gain on disposal of vessel 22 - - 22 Gain on disposal/liquidation of subsidiaries - 13 - 13 Assets and liabilities Segment assets 17,399 677 1,183 19,259 Segment liabilities 9,717 2,331 753 12,801 Additions to property, plant and equipment and intangible assets 111 17 774 902 Additions to contract assets 3,913 - - 3,913 Investment in associates and joint ventures accounted for by the equity method 349 112 9 470
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