250 REDISCOVER | REBUILD | SUSTAIN Notes to the financial statements - 31 December 2015 32. Contingent liabilities Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Secured Bank guarantee extended to a third party 19,638 26,045 – – Unsecured Performance bond on contract extended to third parties 491,016 312,225 8,983 8,526 Corporate guarantees given to banks for credit facilities granted to subsidiaries – – 4,754,433 7,695,069 33. Segment information (a) Business segments For management purposes, the Group is organised on a worldwide basis into three major business segments: (i) Energy related shipping - the provision of liquefied natural gas (“LNG”) services, petroleum tanker services, and chemical tanker services; (ii) Other energy businesses - operation and maintenance of oil and petrochemical products at storage terminals, operation and maintenance of offshore floating terminals, and marine repair, marine conversion and engineering and construction works; and (iii) Non-shipping and others - integrated logistics (i.e. haulage, trucking and warehousing), marine education and training, and other diversified businesses. Transfer prices between business segments are set on an arm’s length basis in a manner similar to transactions with third parties. Segment revenue, expenses and results include transfers between business segments. These transfers are eliminated on consolidation.
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