2003 - KNM Steel Sdn Bhd

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KNM GROUP BERHAD (521348-H)NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 200324. SEGMENT INFORMATIONSegment information is presented in respect of the Group’s geographical segments. The primary format,geographical segments, is based on the Group’s management and internal reporting structure. Inter-segmentpricing is determined based on negotiated terms.The Group operates only in a business segment. Accordingly, information by business segments is not presented.Segments results, asset and liabilities include items directly attributable to a segment as well as those that can beallocated on a reasonable basis.Segment capital expenditure is the total cost incurred during the period to acquire segment assets that areexpected to be used for more than one period.The segments are operated in both local and China markets.In presenting information on the basis of geographical segments, segment revenue is based on the geographicallocation of assets.There are no comparative figures for the segment information as this is the first set of consolidated financialstatements prepared by the Group.Geographical segments Malaysia China Total2003 2003 2003RM’000 RM’000 RM’000Revenue 61,784 2,842 64,626Segment result 19,279 1,105 20,384Allocated expenses (8,072) (2,792) (10,864)Operating profit/(loss) 11,207 (1,687) 9,520Interest expenses (1,036) (404) (1,440)Interest income 127 19 146Unallocated negative goodwill 20,829Profit before taxation 29,055Tax expense (3,480)Net profit for the year 25,575Segment assets 141,699 31,961 173,660Segment liabilities 66,427 18,677 85,104Unallocated liabilities 9,601Total liabilities 94,705Other informationCapital expenditure 4,284 5,315 9,599Depreciation 3,147 698 3,845542003 ANNUAL REPORT
KNM GROUP BERHAD (521348-H)NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 200325. HOLDING COMPANIESThe holding company and ultimate holding company are Inter Merger Sdn. Bhd. and Perkasa Sistem Sdn. Bhd.respectively, both companies are incorporated in Malaysia.26. SUBSIDIARIESThe principal activities of the subsidiaries, their places of incorporation and the interests of KNM Group Berhadare as follows:EffectiveCountry of OwnershipName of Company Principal Activities Incorporation Interest2003 2002Subsidiaries of the CompanyKNM Process Systems Design, manufacture, assembly Malaysia 100% –Sdn. Bhd.and commissioning of processequipment, pressure vessels,heat exchangers, skid mountedassemblies, process pipesystems, storage tanks,specialised structural assembliesand module assemblies for theoil, gas and petrochemicalindustries.KNM International Sdn. Provision of management, Malaysia 100% –Bhd.technical advisory, licenceand trademark services tointernational related companiesand related internationalinvestmentSubsidiaries of KNM Process Systems Sdn. Bhd.KNM OGPET (East Fabrication and maintenance Malaysia 100% –Coast) Sdn. Bhd. of oil, gas and petrochemicalprocess equipmentDuraton Engineering Provision of project Malaysia 100% –Sdn. Bhd.management and technicalservicesPerwira Awan Sdn. Bhd. Property investment Malaysia 100% –2003 ANNUAL REPORT55
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KNM GROUP BERHAD (521348-H)CONTENTS
Page 3 and 4: KNM GROUP BERHAD (521348-H)NOTICE O
Page 5 and 6: KNM GROUP BERHAD (521348-H)STATEMEN
Page 7 and 8: KNM GROUP BERHAD (521348-H)CORPORAT
Page 9 and 10: KNM GROUP BERHAD (521348-H)BOARD OF
Page 11 and 12: KNM GROUP BERHAD (521348-H)BOARD OF
Page 13 and 14: KNM GROUP BERHAD (521348-H)EXECUTIV
Page 15 and 16: KNM GROUP BERHAD (521348-H)AUDIT CO
Page 17 and 18: KNM GROUP BERHAD (521348-H)STATEMEN
Page 25 and 26: KNM GROUP BERHAD (521348-H)DIRECTOR
Page 31 and 32: KNM GROUP BERHAD (521348-H)REPORT O
Page 33 and 34: KNM GROUP BERHAD (521348-H)INCOME S
Page 35 and 36: KNM GROUP BERHAD (521348-H)CASH FLO
Page 37 and 38: KNM GROUP BERHAD (521348-H)NOTES TO
Page 53: KNM GROUP BERHAD (521348-H)NOTES TO
Page 59 and 60: KNM GROUP BERHAD (521348-H)INVESTOR
Page 61 and 62: KNM GROUP BERHAD (521348-H)LIST OF
Page 63 and 64: KNM GROUP BERHAD(Incorporated in Ma
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2003 - KNM Steel Sdn Bhd

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