DESTINI AR 2017
39. Segment Information (Cont’d) (c) Major customer The following is the major customer with revenue 10% equal or more than ten percent of Group revenue: Revenue 2017 2016 RM RM Segment Customer A 318,285,273 150,622,829 Marine construction Customer B 225,330,000 - Maintenance, repair, overhaul and training 543,615,273 150,622,829 40. Contingent Liabilities Group 2017 2016 RM RM Unsecured Corporate guarantee Corporate guarantee given to licensed banks for banking facilities granted to subsidiaries 140,452,550 24,835,250 41. Financial Instruments (a) Classification of financial instruments Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The principal accounting policies in Note 3 describe how the classes of financial instruments are measured, and how income and expense, including fair value gains and losses, are recognised. The following table analyses the financial assets and liabilities in the statements of financial position by the class of financial instruments to which they are assigned, and therefore by the measurement basis: Other Fair value financial through liabilities at profit or loss Loans and amortised - held for trading receivables costs Total RM RM RM RM Group 2017 Financial Assets Investment in securities 1,923,981 - - 1,923,981 Amount due from contract customer - 10,683,825 - 10,683,825 Trade receivables - 349,497,512 - 349,497,512 Other receivables - 81,267,552 - 81,267,552 Amount due from joint venture - 693,952 - 693,952 Fixed deposits with licensed banks - 41,223,384 - 41,223,384 Cash and bank balances - 11,468,292 - 11,468,292 1,923,981 494,834,517 - 496,758,498 162 DESTINI BERHAD Financial Statements Notes to the 31 December 2017
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