NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 42. OPERATING SEGMENTS Operating segments are prepared in a manner consistent with the internal reporting provided to the Executive Director as its chief operating decision maker in order to allocate resources to segments and to assess their performance on a quarterly basis. For management purposes, the Group is organised into business units based on their products and services provided. The Group is organised into 3 main reportable segments as follows:- (a) Property Development and Construction – involves in development and construction of commercial and residential properties (b) Education – involves in managing and administering a private and international school (c) Hospitality – involves in managing and operating a clubhouse and hotel (d) Others – involves in property management services and hospital management services 42.1 BUSINESS SEGMENTS Property Development and Construction RM’000 Education RM’000 Hospitality RM’000 Others RM’000 Group RM’000 2023 Revenue External revenue 1,072,721 12,347 25,369 2,621 1,113,058 Inter-segment revenue 325,993 560 341 - 326,894 1,398,714 12,907 25,710 2,621 1,439,952 Consolidation adjustments (326,894) Consolidated revenue 1,113,058 Results Segment results 261,732 (4,380) 11,695 (5,510) 263,537 Interest income 4,800 268,337 Share of results of joint venture 1,816 Finance costs (9,491) Profit before taxation 260,662 Income tax expense (57,857) Consolidated profit after taxation 202,805 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 219
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