MKH Annual Report 2017

35. SEGMENT INFORMATION (continued) Geographical information Revenue and non-current assets information is presented based on the segment’s country of domicile. Revenue from external customers based on the location of its customers has not been disclosed as revenue earned outside the segment’s country of domicile is insignificant. Non-current assets do not include financial instruments, investment in associates, deferred tax assets and tax recoverable. Revenue Non-current assets 2017 2016 2017 2016 RM RM RM RM Malaysia 797,171,485 1,043,854,680 1,311,364,616 1,439,986,209 The Peoples’ Republic of China 11,123,656 16,063,133 21,424,690 21,709,736 Republic of Indonesia 260,538,361 205,954,589 464,820,298 493,183,088 1,068,833,502 1,265,872,402 1,797,609,604 1,954,879,033 Major customer information There is no single customer with revenue equal or more than 10% of the Group revenue. 36. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (a) On 4 October 2016, the Company incorporated a wholly-owned subsidiary company known as MKH Land (Aust) Pty Ltd in Australia with issued and paid up share capital of AUD100 comprising 100 shares of AUD1 each. (b) On 21 November 2016, Metro K.L. City Sdn. Bhd. (“METRO”) entered into a Joint Development Agreement (“JDA”) with PR1MA Corporation Malaysia (“PR1MA”) for the purpose of undertaking the construction and completion of a mixed development on a parcel of freehold land held under H.S. (D) 6468 PT 5694, Mukim Kajang, Selangor (“Project Land”) measuring approximately 8.22 acres with total initial start up costs and preliminaries works of RM38,000,000. The expected gross development value of the Project Land is approximately RM464.0 million over a period of 4 years. The profit and cost sharing between PR1MA and METRO is based on a ratio of 30% and 70%. (c) On 6 December 2016, the Company announced to undertake a renounceable rights issue at an issue price to be determined and announced later, together with a bonus issue, on the basis of one rights share for every ten existing shares held and two bonus shares for every one rights share subscribed. On 24 February 2017, the Company proposed to undertake the following: (i) A renounceable rights issue of up to 45,402,742 new ordinary shares in MKH on the basis of one (1) rights share for every ten (10) existing MKH shares at an issue price to be determined and announced later for on an entitlement date to be determined and announced later; and (ii) A bonus issue of up to 90,805,484 new ordinary shares to be credited as fully paid-up on the basis of two (2) bonus shares for every one (1) right share subscribed by the shareholder of MKH and/or their renounce(s) pursuant to the right issue. The above transactions were completed on 1 June 2017. Notes to the Financial Statements For the Financial Year ended 30 September 2017 191 MKH Berhad • Annual Report 2017