40 SEGMENT INFORMATION Operating segments are reported in a manner consistent with the internal management reporting provided to the chief operating decision maker (CODM). The CODM who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Group Chief Executive Officer. The Group Chief Executive Officer considers the business primarily a product perspective. The reportable operating segments have been identified as follows: (i) Sugar - sugar refining and sales, marketing of refined sugar and commodity trading (ii) Palm oil, rubber and mango – palm oil, rubber and mango plantation Reconciliation represents income and expenses related to the corporate office, which is the investment holding entity. Included in reconciliation are cash and cash equivalents, accruals of the holding company. The Group Chief Executive Officer, which is the chief operating decision maker, reviews the internal management reports on a basis that is consistent with the presentation as per the statement of comprehensive income. The segment information provided to the Group Chief Executive Officer for the reportable segments for the financial year is as follows: Discontinuing Continuing operations operation Rubber, palm oil Group Sugar Reconciliation Subtotal and mango Total RM’000 RM’000 RM’000 RM’000 RM’000 2021 Total segment revenue 2,259,698 - 2,259,698 - 2,259,698 Revenue from external customer 2,259,698 - 2,259,698 - 2,259,698 Finance income 1,659 928 2,587 - 2,587 Finance cost (42,058) (4,987) (47,045) - (47,045) Depreciation and amortisation (80,105) (2,735) (82,840) - (82,840) (Impairment loss)/reversal of impairment (net) - financial assets (1,635) - (1,635) 16 (1,619) - non-financial assets 16,427 - 16,427 - 16,427 Profit before zakat and taxation 78,697 2,405 81,102 88,738 169,840 Taxation (39,036) (4,451) (43,487) - (43,487) Zakat (1,000) - (1,000) - (1,000) Profit after taxation for the financial year 125,353 Total assets 2,812,247 58,592 2,870,839 - 2,870,839 Total liabilities 1,144,707 13,568 1,158,275 - 1,158,275 Addition to property, plant and equipment 37,236 968 38,204 - 38,204 Addition to intangible assets 1,437 326 1,763 - 1,763 NOTESTOTHE FINANCIAL STATEMENTS FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 368
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