Page 370 - MSM_AIR2021

368 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

40 SEGMENT INFORMATION
Operating segments are reported in a manner consistent with the internal management reporting provided to the chief
operating decision maker (CODM). The CODM who is responsible for allocating resources and assessing performance of the
operating segments, has been identified as the Group Chief Executive Officer. The Group Chief Executive Officer considers
the business primarily a product perspective.
The reportable operating segments have been identified as follows:
(i) Sugar - sugar refining and sales, marketing of refined sugar and commodity trading
(ii) Palm oil, rubber and mango – palm oil, rubber and mango plantation

Reconciliation represents income and expenses related to the corporate office, which is the investment holding entity.
Included in reconciliation are cash and cash equivalents, accruals of the holding company.
The Group Chief Executive Officer, which is the chief operating decision maker, reviews the internal management reports on
a basis that is consistent with the presentation as per the statement of comprehensive income.
The segment information provided to the Group Chief Executive Officer for the reportable segments for the financial year is
as follows:
Discontinuing
Continuing operations operation
Rubber,
palm oil
Group Sugar Reconciliation Subtotal and mango Total
RM’000 RM’000 RM’000 RM’000 RM’000

2021
Total segment revenue 2,259,698 - 2,259,698 - 2,259,698
Revenue from external customer 2,259,698 - 2,259,698 - 2,259,698
Finance income 1,659 928 2,587 - 2,587
Finance cost (42,058) (4,987) (47,045) - (47,045)
Depreciation and amortisation (80,105) (2,735) (82,840) - (82,840)
(Impairment loss)/reversal of impairment (net)
- financial assets (1,635) - (1,635) 16 (1,619)
- non-financial assets 16,427 - 16,427 - 16,427
Profit before zakat and taxation 78,697 2,405 81,102 88,738 169,840
Taxation (39,036) (4,451) (43,487) - (43,487)
Zakat (1,000) - (1,000) - (1,000)
Profit after taxation for the financial year 125,353
Total assets 2,812,247 58,592 2,870,839 - 2,870,839
Total liabilities 1,144,707 13,568 1,158,275 - 1,158,275
Addition to property, plant and equipment 37,236 968 38,204 - 38,204
Addition to intangible assets 1,437 326 1,763 - 1,763