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KNM GROUP BERHAD I Annual Report 2012117Notes to the Financial Statements (cont’d)30. Operating segmentThe Group’s resources allocation is assessed on a quarterly basis or as needed basis in accordance to thebusiness performance and requirements of the respective geographical’s operating unit as reviewed anddetermined by the Group’s Chief Operating Decision Maker (CODM) whom is also the Chief Executive Officerof the Group. Hence, segment information is presented by geographical locations that the Group operatesin. The format of the geographical segments is based on the Group’s operation management and internalreporting structure. Inter-segment pricing is determined based on negotiated terms.Reporting on segmental profit, assets and liabilities include items directly attributable to geographical segments.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 classified into geographical presence as follows:Geographical segmentAsia & OceaniaEuropeAmericaCountriesMalaysia, China, India, Singapore, Brunei Darussalam, Indonesia, SouthAfrica, Australia and UzbekistanBritish Virgin Islands, United Arab Emirates, Netherlands, Saudi Arabia,Italy, United Kingdom and GermanyBrazil, United States of America and CanadaGeographical segmentsAsia and Oceania Europe America Consolidated2012 2011 2012 2011 2012 2011 2012 2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Revenue 926,040 539,683 1,374,330 1,357,592 77,160 66,503 2,377,530 1,963,778Cost of sales (774,264) (546,520) (1,125,365) (1,121,877) (70,519) (108,215) (1,970,148) (1,776,612)Gross profit/(loss) 151,776 (6,837) 248,965 235,715 6,641 (41,712) 407,382 187,166Administration expensesand others (119,589) (84,805) (139,780) (177,178) (40,672) (32,027) (300,041) (294,010)Operating profit/(loss) 32,187 (91,642) 109,185 58,537 (34,031) (73,739) 107,341 (106,844)Add: Depreciation andamortisation 22,114 21,564 64,796 64,147 8,469 8,519 95,379 94,230Segment profit/(loss) 54,301 (70,078) 173,981 122,684 (25,562) (65,220) 202,720 (12,614)Impairment of goodwill – – –- – (29,557) – (29,557) –Share of loss ofequity-accountedinvestees, net of tax (144) (480)Less:Depreciation andamortisation (95,379) (94,230)77,640 (107,324)Financing costs (60,362) (52,190)Interest income 3,758 3,632Profit/(Loss) before tax 21,036 (155,882)
118KNM GROUP BERHAD I Annual Report 2012Notes to the Financial Statements (cont’d)30. Operating segment (Cont’d)Geographical segmentsAsia and Oceania Europe America Consolidated31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Segment assets 1,189,560 1,247,258 933,464 2,541,343 2,505,734 2,370,741 123,252 185,243 226,313 3,854,155 3,938,235 3,530,518Segment liabilities 1,275,091 1,478,393 1,046,675 643,945 706,768 611,211 98,173 136,428 137,293 2,017,209 2,321,589 1,795,179Asia and Oceania Europe America Consolidated2012 2011 2012 2011 2012 2011 2012 2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Capital expenditure 14,741 28,780 57,016 28,617 2,328 4,727 74,085 62,124Depreciation charged toincome statements 9,330 7,993 2,092 2,473 173 183 11,595 10,649Non-cash (income)/expenses other thandepreciation (9,859) 42,662 18,805 45,388 (10,995) 11,350 (2,049) 99,40031. SubsidiariesThe principal activities of the subsidiaries, their places of incorporation and the interests of KNM Group Berhadare as follows:EffectiveCountry of OwnershipName of Subsidiary Principal Activities Incorporation Interest31.12.2012 31.12.2011 1.1.2011% % %Subsidiaries of the CompanyKNM Process Systems Design, manufacture, assembly Malaysia 100 100 100Sdn. Bhd.and commissioning of processequipment, pressure vessels,heat exchangers, skid mountedassemblies, process pipe systems,storage tanks, specialised structuralassemblies and module assembliesfor the oil, gas and petrochemicalindustries.KNM International Provision of management, technical Malaysia 100 100 100Sdn. Bhd. @advisory, licence and trademarkservices to international relatedcompanies and related internationalinvestments.KNM Capital Sdn. Bhd. @ Provision of funding and treasury Malaysia 100 100 100services and all related functions.
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