193 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 32. OPERATING SEGMENTS (CONT’D) Management monitors the operating results of its business segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties. Business segments Trading Golf Services Others Elimination Total Note RM’000 RM’000 RM’000 RM’000 RM’000 2024 Revenue Retail 277,775 - - - 277,775 Wholesale 29,623 - - - 29,623 Golf Services - 14,483 - - 14,483 Indoor Golf - 5,894 - - 5,894 Inter-segment (i) 20,251 2,095 15,080 (37,426) - 327,649 22,472 15,080 (37,426) 327,775 Finance income 411 55 1,947 (1,312) 1,101 Finance costs (8,027) (746) - 1,329 (7,444) Depreciation of property, plant and equipment (8,683) (2,519) (90) - (11,292) Depreciation of right-of assets (16,859) (86) - - (16,945) Tax expenses (4,275) (388) 40 - (4,623) Other material non-cash items (ii) (620) 1 (63) - (682) Segment profit/(loss) after tax (iii) 2,031 494 8,351 (6,061) 4,815 Assets Segment assets (iv) 331,027 14,449 186,534 (134,568) 397,442 Addition to non-current assets - property plant and equipment 16,555 506 80 - 17,141 - right-of-use assets 21,522 - - - 21,522 Deferred tax assets (iv) 583 121 - - 704 Liabilities Segment liabilities (v) 173,343 17,589 1,033 (46,928) 145,037 Deferred tax liabilities (v) 789 - 21 - 810
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