2019 UEM Edgenta Annual Report

252 Notes to the Financial Statements For the year ended 31 December 2019 43. CAPITAL MANAGEMENT The primary objective of the Group’s and of the Company’s capital management is to ensure that they maintain a strong credit rating and healthy capital ratios in order to support their business and maximise shareholder value. The Group and the Company also aim to maintain a capital structure that has an appropriate cost of capital available to the Group and the Company. The Group and the Companymanage their capital structure andmakes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group and the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes during the years ended 31 December 2019 and 31 December 2018. The Group and the Company manage capital by reference to the debt to asset ratio. The Group’s and the Company’s debt to asset ratio is as follows: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Murabahah Term Facility 69,735 101,065 - - Term loans 86,751 126,458 - - Revolving credit 60,742 - - - Finance leases - 3,127 - - ICPs 50,000 50,000 50,000 50,000 IMTNs 251,840 251,815 251,840 251,815 Lease liabilities 30,277 - 23,553 - Total debt 549,345 532,465 325,393 301,815 Total assets 2,912,816 2,877,691 2,116,633 2,085,614 Debt to asset ratio 19% 19% 15% 14% 44. SEGMENT INFORMATION (a) Business unit segments For management purposes, the Group is organised into business units based on their products and services, and reflect the Group’s offerings across different sectors as follows: Asset Management The asset management segment provides integrated facilities management and engineering contracting services for a range of assets and building types specialising in healthcare support and property and facility solutions. (i) Healthcare support The healthcare support division delivers optimal solutions in improving the non-clinical support services demanded by healthcare providers and other commercial industries. Services range from facilities and biomedical engineering maintenance, waste management, linen and laundry, to housekeeping and portering services.