195 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 32. OPERATING SEGMENTS (CONT’D) Notes to the nature of adjustments and eliminations to arrive at amounts reported in the consolidated financial statements. (i) Inter-segment revenue is eliminated on consolidation. (ii) Other material non-cash income/(expenses) consist of the following items:- 2024 2023 RM’000 RM’000 Gain/(Loss) on disposal of property, plant and equipment 10 (24) Unrealised loss on foreign exchange (534) (322) Rent concession 555 - Allowance of expected credit loss on trade receivables (19) - Property, plant and equipment written off (27) (2) Fair value gain on other investment 1,154 305 Gain on lease termination - 138 Loss on lease modification (456) - Provision of employee retirement benefits (63) - Allowance for slow moving inventories (2,437) (547) Reversal for slow moving inventories 1,255 324 (562) (128) (iii) The following items are added to/(deducted from) segment profit to arrive at “Net profit for the financial year” presented in the consolidated statements of profit or loss and other comprehensive income:- 2024 2023 RM’000 RM’000 Segment profit 15,781 32,619 Finance income 1,101 933 Finance expenses (7,444) (6,292) Tax expenses (4,623) (9,886) Net profit for the financial year 4,815 17,374 (iv) The following items are added to segment assets to arrive at total assets reported in the consolidated statements of financial position:- 2024 2023 RM’000 RM’000 Segment assets 396,738 412,445 Deferred tax assets 704 272 Total assets 397,442 412,717
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