177 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 32. OPERATING SEGMENTS 32.1 BUSINESS SEGMENT AND GEOGRAPHICAL INFORMATION The Group operates predominantly in one business segment in Malaysia. Accordingly, the information by business and geographical segments is not presented. 32.2 MAJOR CUSTOMERS The following are major customers with revenue equal to or more than 10% of the Group’s total revenue:- The Group 2024 2023 RM’000 RM’000 Customer #1 245,618 233,123 Customer #2 69,595 * Note:- * - Represents amount less than 10% of the Group’s total revenue. 33. CAPITAL COMMITMENTS The Group 2024 2023 RM’000 RM’000 Authorised But Not Contracted For Purchase of property, plant and equipment: - vessel equipment 9,038 1,238 Contracted But Not Provided For Purchase of property, plant and equipment: - dry docking 2,684 - - vessel under construction 109,202 - 111,886 - 34. FOREIGN EXCHANGE RATE The Group’s principal closing foreign exchange rate used (expressed on the basis of one unit of foreign currency to Ringgit Malaysia equivalent) for the translation of the foreign currency balances at the end of the reporting period were as follows:- The Group 2024 2023 United States Dollar 4.4755 4.5900 Singapore Dollar 3.2878 3.4787 Thai Baht 0.1307 -
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