78 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 19 SEGMENT REPORTING Operating segments are reported in a manner consistent with the internal management reporting provided to the chief operating decision maker (“CODM”), which is the Group Management Committee (“GMC”). The GMC considers the business by product related activities. The reportable segments for the financial year ended 31 December 2021 have been identified as follows: • Plantation Sector - Plantation estates activities including cultivation, harvesting and production of fresh fruit bunches (“FFB”) and processing of FFB into crude palm oil (“CPO”) and palm kernel (“PK”), refining of CPO, fractionation of refined bleached deodorised palm oil (“RBDPO”) and Palm Olein (“PO”), crushing of PK, production of oleochemicals namely fatty acid and glycerine, processing and sales of biodiesel products, production of consumer bulk and packed products, trading of CPO, research and development activities, fertilisers processing, rubber processing and production, sale of planting materials and security. • Sugar Sector - Sugar refining, sales and marketing of refined sugar and molasses. • Logistics and Others Sector - Bulking and transportation facilities and services, engineering services, information technology and travel. Corporate HQ, Others and Elimination mainly relates to the inclusion of investment holding companies within the Group and Group consolidation adjustments, which are not part of the operating segments. The GMC assesses the performance of the operating segments based on profit before zakat and taxation. The segment information provided to the GMC for the reportable segments for the financial year reported is as follows: Corporate HQ, Logistics and Others and Plantation Sugar Others Elimination Total RM’000 RM’000 RM’000 RM’000 RM’000 2021 Total segment revenue 25,129,982 2,364,403 667,627 272,704 28,434,716 Less: Inter-segment revenue (8,210,159) (104,796) (304,458) (249,412) (8,868,825) Revenue from external customers 16,919,823 2,259,607 363,169 23,292 19,565,891 Profit/(loss) before zakat and taxation for the financial year 1,602,090 85,677 90,351 (64,138) 1,713,980 Zakat (17,406) Taxation (520,996) Profit after taxation for the financial year 1,175,578 Other information: Finance income 11,785 2,492 4,224 4,227 22,728 Finance costs (34,467) (47,348) (3,680) (41,438) (126,933) Depreciation and amortisation (579,739) (82,844) (83,685) (19,002) (765,270) Write-offs/write-down (9,221) (8,738) (463) (55) (18,477) (Impairment)/reversal of impairment loss (net) – financial assets (6,728) (4,141) 11,389 202 722 – non-financial assets (76,022) 16,427 – – (59,595) Fair value changes in LLA liability (3,984) – – – (3,984) Share of results of joint ventures 17,260 – – 18,598 35,858 Share of results of associates 3,320 – – 231 3,551 Capital expenditure 488,217 42,775 73,199 10,562 614,753
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