MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 321 MISC BERHAD ANNUAL REPORT 2018 320 36. SEGMENT INFORMATION (CONT'D.) (a) Business segments (cont'd.) LNG Petroleum Offshore Heavy engineering Others Total Eliminations and adjustments Consolidated RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 31 December 2017 REVENUE External sales 2,890,337 4,508,332 1,772,550 761,223 150,036 10,082,478 (14,266) 10,068,212 Inter-segment 36,748 3,418 82,855 197,663 680,875 1,001,559 (1,001,559) A - 2,927,085 4,511,750 1,855,405 958,886 830,911 11,084,037 (1,015,825) 10,068,212 RESULTS Segment results 1,216,638 14,620 1,079,612 (3,199) (120,015) 2,187,656 (58,112) A 2,129,544 Other operating income 183,221 31,129 33,514 2,383 1,965,293 2,215,540 (1,708,011) A 507,529 Impairment provisions (352,371) (328,857) (3,585) - (132,133) (816,946) 129,453 (687,493) Net gain/(loss) on disposal of ships 29,771 (2,030) - - - 27,741 - 27,741 Finance income 22,789 1,591 16,595 16,147 482,218 539,340 (442,851) A 96,489 Finance costs (81,056) (113,341) (100,789) - (412,332) (707,518) 442,505 A (265,013) Share of profit of associates - - - - 1,068 1,068 - 1,068 Share of profit/(loss) of joint ventures - 17,158 165,154 (3,892) 11,506 189,926 3,789 193,715 Profit before taxation 2,003,580 Taxation (12,889) Profit after taxation 1,990,691 Non-controlling interests (9,182) Net profit attributable to equity holders of the Corporation 1,981,509 ASSETS Ships 8,468,215 12,426,836 - - 7,420* 20,902,471 - 20,902,471 Offshore floating assets - - 322,649 - - 322,649 - 322,649 Non-current assets classified as held for sale 40,595 82,408 - - - 123,003 - 123,003 Intangible assets 721 810,689 225 - 32,744 844,379 - 844,379 Investments in joint ventures - 49,903 1,073,225 4,274 395 1,127,797 - 1,127,797 Finance lease receivables 3,692,863 - 10,169,487 - - 13,862,350 - 13,862,350 Finance lease asset under construction 688,489 - - - - 688,489 - 688,489 Other assets (unallocated) B 12,598,665 50,469,803 LIABILITIES Interest-bearing loans and borrowings 2,711,812 4,230,432 669,766 - 16,628,445 24,240,455 (12,576,562) 11,663,893 Other liabilities (unallocated) C 2,901,146 14,565,039 * Net book value of Navy Auxiliary ship owned by the Corporation, Bunga Mas 6.