MISC Integrated Annual Report 2020

36. SEGMENT INFORMATION (CONT’D.) (a) Business segments (cont’d.) Note A Inter-segment revenues and transactions are eliminated on consolidation. B Other assets comprise the following items: 2020 2019 RM’000 RM’000 Other property, plant and equipment 2,169,477 2,228,917 Prepaid lease payments on land and buildings 212,534 219,843 Investment in associates 696 482 Other non-current financial assets 389,502 225,903 Deferred tax assets 104,433 103,499 Inventories 91,349 165,731 Trade and other receivables (excluding finance lease receivables) 4,123,854 2,543,027 Cash, deposits and bank balances 6,855,005 7,030,814 13,946,850 12,518,216 C Other liabilities comprise the following items: 2020 2019 RM’000 RM’000 Trade and other payables 3,509,253 2,186,588 Provision for taxation 23,273 14,165 Deferred tax liabilities 7,821 30,907 Derivative liabilities 538,697 159,920 Deferred income 1,150,460 566,324 5,229,504 2,957,904 36. SEGMENT INFORMATION (CONT’D.) (b) Geographical segments Although the Group’s four major business segments are managed on a worldwide basis, they operate in five principal geographical areas of the world. In Malaysia, its home country, the Group’s areas of operation comprise LNG Asset Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering and others. The following table provides an analysis of the Group’s revenue and carrying amount of assets by geographical segments: Asia, The Africa and Malaysia Americas Europe Consolidated RM’000 RM’000 RM’000 RM’000 31 December 2020 Revenue 5,040,726 4,259,234 101,274 9,401,234 Assets 40,573,047 9,792,224 1,455,738 51,821,009 31 December 2019 Revenue 4,570,446 4,302,936 89,342 8,962,724 Assets 42,306,314 8,504,938 1,052,543 51,863,795 (c) Information about major customers Breakdown of revenue from major customers are as follows: 2020 2019 RM’000 RM’000 Fellow subsidiaries: - PETRONAS Carigali Sdn. Bhd. 1,166,251 603,609 - PETRONAS LNG Sdn. Bhd. 1,165,600 1,088,252 - Malaysia LNG Sdn. Bhd. 982,609 951,989 3,314,460 2,643,850 Third Parties: - Royal Dutch Shell PLC 538,887 381,495 - Sabah Shell Petroleum Company Limited 474,189 521,418 - Petróleo Brasileiro S.A. (“Petrobras”) 281,744 222,457 - Equinor ASA 271,993 232,820 - Marine Well Containment Company 195,581 232,663 - BP PLC 190,893 180,031 - Trafigura Group Pte Ltd 177,753 68,766 - KOCH Shipping Pte Ltd 175,848 257,160 - Total SE 168,561 142,089 - PBF Energy Inc. 156,525 201,965 2,631,974 2,440,864 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 430 10 431 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020