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 2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 REVENUE External sales 2,346,313 4,311,089 1,098,687 871,229 164,999 8,792,317 (12,042) 8,780,275 Inter-segment – 1,725 97,311 103,066 1,300,351 1,502,453 (1,502,453) A – 2,346,313 4,312,814 1,195,998 974,295 1,465,350 10,294,770 (1,514,495) 8,780,275 RESULTS Segment results 1,634,251 930,224 619,654 (80,312) (79,140) 3,024,677 84,712 A 3,109,389 Other operating income 20,088 35,283 15,030 25,502 1,223,660 1,319,563 (1,190,956) A 128,607 Depreciation (732,915) (979,110) (88,661) (77,636) (13,307) (1,891,629) (267) (1,891,896) Amortisation of intangible assets – – – – – – (5,392) (5,392) Amortisation of prepaid lease payments on land and buildings – – – (7,094) (122) (7,216) – (7,216) Impairment provisions (49,802) (49,234) – – – (99,036) – (99,036) Net gain/(loss) on disposal of ships and offshore floating assets 4,994 (12,604) (4,366) – – (11,976) – (11,976) Gain on acquisition of businesses 20,574 – 79,427 – – 100,001 – 100,001 Finance income 63,201 1,343 15,734 14,937 564,666 659,881 (526,974) A 132,907 Finance costs (136,928) (173,700) (149,773) – (463,489) (923,890) 529,331 A (394,559) Share of profit of joint ventures – 7,182 268,657 3,658 – 279,497 3,787 283,284 Profit before taxation 1,344,113 Taxation (59,772) Profit after taxation 1,284,341 Non-controlling interests 27,162 Net profit attributable to equity holders of the Corporation 1,311,503 ASSETS Ships 8,063,634 13,153,779 – – 7,420 * 21,224,833 – 21,224,833 Offshore floating assets – – 222,204 – – 222,204 – 222,204 Intangible assets – 829,304 225 – 27,352 856,881 – 856,881 Investments in joint ventures 746 30,245 915,878 7,751 451 955,071 – 955,071 Finance lease receivables 5,407,112 – 10,970,278 – – 16,377,390 – 16,377,390 Other assets (unallocated) B 12,428,921 52,065,300 LIABILITIES Interest-bearing loans and borrowings 3,546,458 5,035,517 5,445,524 50,000 3,838,010 17,915,509 (4,865,603) 13,049,906 Other liabilities (unallocated) C 2,651,263 15,701,169 * Net book value of 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 340 341