32. DERECOGNITION/DISPOSAL OF SUBSIDIARIES During the financial year, the Group derecognised its equity interest in DNeX GIS Sdn. Bhd.. In the previous financial period, the Group disposed of its equity interest in DNeX Technology Sdn. Bhd. The financial effects arising from derecognition/disposal were not presented as the financial effects were not material to the Group. 33. OPERATING SEGMENTS The Group has four reportable segments, as described below, which represent the Group’s strategic business units. The strategic business units offer different products and services and are managed separately because they require different technical expertise and marketing strategies. For each of the strategic business unit, the Group Managing Director reviews internal management report at least on a quarterly basis. The following summary describes the operations in each of the Group’s reportable segments: (a) Corporate The Company is an investment holding company. The segment is in provision of corporate services to the entities within the Group. (b) Information technology Supply, delivery, installation, testing, commissioning and maintenance of IT hardware, development, management and provision of business to government (B2G) e-commerce and computerised transaction in trade facilitation services, project fulfilment, assets maintenance and contact centres, research and development, design, manufacturing and trading of radio-frequency technology, providing consultancy services in relation to strategy and business improvements and infrastructure works for telecommunication industry. (c) Energy Providing upstream oil and gas exploration, production, sale of oil and gas related equipment and services, provision of engineering, technical support and involvement in power plant and energy related business. (d) Technology Manufacturing of semiconductor wafers and supplies multinational fabless and integrated device manufacturer companies, sales of semiconductor related tools and provision semiconductor – related training and consulting services. Segment assets The total of segment assets is measured based on all assets (including goodwill) of a segment, as included in the internal management reports that are reviewed by the Group Managing Director. Segment total assets is used to measure the return of assets of each segment. Segment liabilities The total of segment liabilities is measured based on all liabilities of a segment, as included in the internal management reports that are reviewed by the Group Managing Director. Segment capital expenditure Segment capital expenditure is the total cost incurred during the financial year to acquire property, plant and equipment, right-of-use assets and intangible assets other than goodwill. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 282
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