MISC Annual Report 2019

35. SEGMENT INFORMATION (CONT’D.) (a) Business segments (cont’d.) Eliminations Heavy and LNG Petroleum Offshore Engineering Others Total Adjustments Consolidated 31 December 2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 REVENUE External sales 2,582,056 4,302,936 980,785 936,523 174,142 8,976,442 (13,718) 8,962,724 Inter-segment – 1,840 105,434 73,299 1,353,591 1,534,164 (1,534,164) A – 2,582,056 4,304,776 1,086,219 1,009,822 1,527,733 10,510,606 (1,547,882) 8,962,724 RESULTS Segment results 1,823,227 1,613,646 515,160 24,365 (169,151) 3,807,247 63,282 A 3,870,529 Other operating income 46,454 24,912 17,075 1,155 1,913,961 2,003,557 (1,884,704) A 118,853 Depreciation (766,445) (1,280,300) (56,585) (76,555) (32,624) (2,212,509) (3,019) (2,215,528) Amortisation of intangible assets – – – – – – (6,373) (6,373) Amortisation of prepaid lease payments on land and buildings – – – (7,280) (125) (7,405) – (7,405) Impairment provisions (28,594) (116,890) (69,459) – – (214,943) – (214,943) Net gain/(loss) on disposal of ships and offshore floating assets 17,614 (6,469) (3,261) – – 7,884 – 7,884 Gain on acquisition of business 23,731 – – – – 23,731 – 23,731 Finance income 87,118 2,102 19,727 17,850 322,198 448,995 (279,746) A 169,249 Finance costs (159,142) (200,988) (198,631) – (215,667) (774,428) 290,125 A (484,303) Share of profit of joint ventures – 15,176 230,318 1,348 – 246,842 3,787 250,629 Profit before taxation 1,512,323 Taxation (76,056) Profit after taxation 1,436,267 Non-controlling interests (9,912) Net profit attributable to equity holders of the Corporation 1,426,355 ASSETS Ships 7,494,843 13,444,226 – – 36,858 * 20,975,927 – 20,975,927 Offshore floating assets – – 82,357 – – 82,357 – 82,357 Non-current assets classified as held for sale – 110,391 14,887 – – 125,278 – 125,278 Intangible assets – 819,449 225 – 20,979 840,653 – 840,653 Investments in joint ventures 16,563 29,010 870,685 9,099 358 925,715 – 925,715 Finance lease receivables 5,174,021 – 9,833,950 – – 15,007,971 – 15,007,971 Other assets (unallocated) B 13,905,894 51,863,795 LIABILITIES Interest-bearing loans and borrowings 3,411,205 6,051,298 4,317,341 189,476 1,302,610 15,271,930 (2,119,757) 13,152,173 Other liabilities (unallocated) C 2,957,904 16,110,077 * Included in the net book value of ships - others is Navy Auxiliary ship owned by the Corporation, Bunga Mas 6. NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 338 339