34. Contingent liabilities Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Secured Bank guarantee extended to a third party 362 19,638 – – Unsecured Performance bond on contract extended to third parties 435,533 491,016 10,852 8,983 Corporate guarantees given to banks for credit facilities granted to subsidiaries – – 8,488,436 4,754,433 35. Segment information (a) Business segments In the prior financial years, 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. MISC BERHAD • Annual Report 2016 288 notes to the financial statements - 31 december 2016
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