256 MKH BERHAD | ANNUAL REPORT 2023 40. SEGMENT INFORMATION (CONT’D) 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 receivables, deposits and prepayments, other investment, investment in associates and deferred tax assets. Revenue Non-current assets 2023 2022 2023 2022 RM RM RM RM Malaysia 723,200,318 648,447,111 1,366,277,044 1,371,473,126 Republic of Indonesia 337,980,732 315,817,267 361,514,655 368,902,418 The Peoples’ Republic of China 2,614,477 3,861,876 22,000,050 20,310,926 1,063,795,527 968,126,254 1,749,791,749 1,760,686,470 Major customer information There is no single customer with revenue equal or more than 10% of the Group revenue, except for an individual customer with sales amounting to RM187,518,047 (2022: RM253,189,507), representing 18% (2022: 26%) of the total revenue. 41. SIGNIFICANT EVENT DURING THE YEAR AND SUBSEQUENT EVENTS (a) On 11 October 2022, the Company has disposed 1,000 ordinary shares representing 100% of the equity interest of Danau Saujana Sdn. Bhd. to another subsidiary for a cash consideration of RM1,000. As a result, there is no change in the group structure, Danau Saujana Sdn. Bhd. remained as a subsidiary of the Group. (b) On 30 March 2023, MKH Oil Palm (East Kalimantan) Berhad (“MKHOPB”), a wholly owned subsidiary of the Company has submitted an application in relation to the proposed listing and quotation for the entire enlarged issued share capital of MKHOPB on the Main Market of Bursa Malaysia Securities Berhad (“Proposed Listing”) to the Securities Commission. On 12 July 2023, the Securities Commission has approved the Proposed Listing under Section 214(1) of the Capital Markets and Services Act 2007, subject to the terms and condition as stipulated therein. On 28 November 2023, the shareholders of the Company have approved the Proposed Listing of MKHOPB on the Main Market of Bursa Malaysia Securities Berhad. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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