NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 42. OPERATING SEGMENTS (CONT’D) 42.1 BUSINESS SEGMENTS (CONT’D) Property Development and Construction RM’000 Education RM’000 Others RM’000 Group RM’000 2023 Segment results includes the followings:- Property development cost written off 3,229 - - 3,229 Property, plant and equipment written off 703 - - 703 Bad debts recovered (26) - - (26) Rental income (2,420) (92) - (2,512) (Gain)/Loss on disposal of property, plant and equipment (1,278) 1 - (1,277) Gain on disposal of investment property (36) - - (36) Impairment loss on deposit 7,000 - - 7,000 Impairment loss on other receivable - - 3,042 3,042 Property Development and Construction RM’000 Education RM’000 Hospitality RM’000 Others RM’000 Group RM’000 2022 Revenue External revenue 861,650 11,038 17,323 2,385 892,396 Inter-segment revenue 314,321 526 334 - 315,181 1,175,971 11,564 17,657 2,385 1,207,577 Consolidation adjustments (315,181) Consolidated revenue 892,396 Results Segment results 281,380 (8,415) 3,472 118 276,555 Interest income 4,583 281,138 Share of results of joint venture 3,409 Finance costs (16,151) Profit before taxation 268,396 Income tax expense (67,530) Consolidated profit after taxation 200,866 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 220 FINANCIAL STATEMENTS
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