MKH Annual Report 2019

214 A N N U A L R E P O R T 2 0 1 9 36. SEGMENT INFORMATION For management purposes, the Group is organised into business segments based on their products and services. The Group’s chief operation decision maker reviews the information of each business segment on at least monthly basis for the purposes of resource allocation and assessment of segment performance. Therefore, the Group’s reportable segments under MFRS 8 are as follows: (i) Property development and construction - property development, building and civil works contracting. (ii) Plantation - oil palm cultivation. (iii) Hotel and property investment - hotel business and property investment and management. (iv) Trading - trading in building materials and household related products and general trading. (v) Manufacturing - furniture manufacturing. (vi) Investment holding - investment holding and management services. Non-reportable segments comprise recreational club operation, money lending and provision of insurance broking services. Segment revenue and results The accounting policies of the reportable segments are the same as the Group’s accounting policies described in Note 3. Segment results represents profit before tax of the segment. Inter-segment transactions are entered into in the ordinary course of business based on terms mutually agreed upon by the parties concerned. Segment assets Segment assets are measured based on all assets (including goodwill) of the segment, excluding investment in associates, deferred tax assets and current tax asset. Segment liabilities Segment liabilities are measured based on all liabilities, excluding current tax liabilities, interest bearing loans and borrowings and deferred tax liabilities. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019