35. SEGMENT INFORMATION (CONTINUED) Except as indicated above, no operating segments have been aggregated to form the above reportable operating segments. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit from operations. Inter-segment pricing, if any, is determined on an arm’s length basis. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. There is no asymmetrical allocation to reportable segments. Management evaluates performance on the basis of profit or loss from operations before tax expense not including non-recurring gains and losses and foreign exchange gains or losses. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets, liabilities and expenses. Buildings and construction Property development Investment property Investment holding Elimination Total $’000 $’000 $’000 $’000 $’000 $’000 Group 2024 Revenue External revenue 172,597 – – – – 172,597 Inter-segment sales – 206 – – (206) – 172,597 206 – – (206) 172,597 Loss from operations Share of results from joint ventures, net of tax – 44 – – – 44 Share of results from associates, net of tax – (10,642) – – – (10,642) Interest income 6,313 – – 31 – 6,344 Interest expenses (1,309) – – (829) – (2,138) Provision of loss allowance on long term interests – (4,000) – – – (4,000) Impairment reversed on investment of an associate – 27,285 – – – 27,285 Depreciation and amortisation (4,896) – – – – (4,896) Reportable segment (loss)/profit before income tax (15,284) 12,768 (35) (1,365) – (3,916) Net (loss)/profit for the financial year after tax (15,284) 12,768 (35) (1,365) – (3,916) Other information: Additions to non-current assets 420 – – – – 420 Investments in joint ventures – 4,453 – – – 4,453 Investments in associates – 26,480 – – – 26,480 Segment assets 113,205 36,815 385 9,135 – 159,540 Non current assets held for sale – 34,711 – – – 34,711 Segment liabilities 127,238 2,116 9 14,387 – 143,750 126 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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