MITRA-AnnualReport2011 (1.2MB).pdf - Announcements - Bursa ...

Notes to The Financial Statements (cont’d)
32. CoNTINGENT lIABIlITIES
Group Company
2011 2010 2011 2010
RM RM RM RM
Corporate guarantees to financial
institutions for:
- banking facilities granted to subsidiaries - - 190,394,176 216,412,142
- hire purchase facilities granted to
subsidiaries - - 185,467 508,023
Corporate guarantees to trade payables of
subsidiaries - - 4,400,000 4,400,000
Performance guarantees extended to third
parties
- project related 13,728,455 9,817,519 10,103,825 -
13,728,455 9,817,519 205,083,468 221,320,165
At the end of the reporting period, it was not probable that the counterparty to the financial guarantee contract will claim
under the contract.
33. SEGMENT REpoRTING
General Information
The Group identifies its operating segments on the basis of internal reports that are regularly reviewed by the Group’s
chief operating decision maker in order to allocate resources to the segments and assess their performance.
The information reported to the Group’s chief operating decision maker to make decisions about resources to be allocated
and for assessing their performance is based on the nature of the industry (business segments) and operational location
(geographical segments) of the Group.
Measurement of Reportable Segments
Segment information is prepared in conformity with the accounting policies adopted for preparing and presenting the
consolidated financial statements.
Transactions between reportable segments are measured on the basis that is similar to those external customers.
Segment statements of comprehensive income are profit earned or loss incurred by each segment without allocation
of central administrative costs, non-operating investment revenue, finance costs and income tax expense. There are
no significant changes from prior financial year in the measurement methods used to determine reported segment
statements of comprehensive income.
All the Group’s assets are allocated to reportable segments other than assets used centrally for the Group, current and
deferred tax assets. Jointly used assets are allocated on the basis of the revenues earned by individual segments.
All the Group’s liabilities are allocated to reportable segments other than liabilities incurred centrally for the Group,
current and deferred tax liabilities. Jointly incurred liabilities are allocated in proportion to the segment assets.
(a) Business Segments
The Group operates predominantly in the construction, property development, manufacturing and trading and
healthcare industries involving various types of activities as disclosed in Note 7 to the financial statements.
MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2011
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