EXCEL FORCE MSC BERHAD 101 Notes to the Financial Statements (cont’d) 33. SEGMENT INFORMATION The Company and its subsidiary companies are principally engaged in the development, provision and maintenance of computer software application solutions for the financial services industry. The Group has arrived at three (3) reportable segments that are organised and managed separately according to the nature of products and services, which requires different business andmarketing strategies. The reportable segments are summarised as follows: (a) Application solutions division Sales of software application and product on an outright purchase basis (b) Maintenance services division Provision of maintenance services (c) Application services provider division Provision of application services on monthly recurring fixed and variable charges The accounting policies of operating segments are the same as those described in the summary of significant accounting policies. The Group evaluates performance on the basis of profit or loss from operations before tax. Group income taxes are managed on a group basis and are not allocated to operating segments. Inter-segment revenue is priced along the same lines as sales to external customers and is eliminated in the consolidated financial statements. These policies have been applied consistently throughout the current and previous financial years. Capital expenditure consist of addition of property, plant and equipment and right-of-use assets. Segment assets exclude tax assets and segment liabilities exclude tax liabilities. Segment results Application solutions division Maintenance services division Application services provider division Total RM RM RM RM 2021 Revenue Total revenue 8,728,421 2,139,744 26,758,077 37,626,242 Inter-segment revenue - - (313,800) (313,800) Revenue from external customers 8,728,421 2,139,744 26,444,277 37,312,442 Results Segment results 3,930,060 963,441 11,906,803 16,800,304 Interest income 26,925 6,601 81,574 115,100 Finance cost (6,989) (1,713) (21,173) (29,875) Profit before tax 3,949,996 968,329 11,967,204 16,885,529 Taxation (4,705,774) Profit after tax 12,179,755 Segment assets 25,793,597 6,323,216 78,146,211 110,263,024 Segment liabilities 1,938,855 475,304 5,874,101 8,288,260
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