FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 228 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 17 EARNINGS PER SHARE (CONTINUED) The basic earnings per share ("EPS") has been calculated based on the consolidated profit after taxation attributable to equity shareholders of the Company and divided by the weighted number of ordinary shares in issue during the financial year. There are no potential ordinary shares as at 31 December 2016 and 31 December 2015. Group 2016 2015 (Restated) Profit from continuing operations attributable to equity shareholders (RM'000) 34,230 107,673 (Loss)/profit from discontinued operations attributable to equity shareholders (RM'000) (2,764) 74,643 Profit for the financial year attributable to equity shareholders (RM'000) 31,466 182,316 Weighted average number of ordinary shares in issue (thousands) 3,648,152 3,648,152 18 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 Executive Committee ("EXCO"). The EXCO considers the business by product related activities. The reportable segments for the financial year ended 31 December 2016 have been identified as follows: • Palm Upstream – Plantation estates activities including cultivation, harvesting and production of fresh fruit bunches ("FFB") and processing of FFB into crude palm oil and palm kernel ("PK"). • Palm Downstream – Refining of CPO, fractionation of refined bleached deodorised palm oil ("RBDPO") and Palm Olein ("PO"), crushing of PK, processing and sales of biodiesel products, production of oleochemicals namely fatty acid and glycerine, production of graphene and nanotubes and production of consumer bulk and packed products. • Sugar – Sugar refining and sales and marketing of refined sugar and molasses. • Trading, Marketing, Logistics and Others ("TMLO") – Trading, bulking and transportation facilities and services, engineering services, information technology, security and travel. • Others – Rubber processing, research and development activities, fertilisers processing and production, sale of planting materials. The reportable segments have changed from the previous financial year due to the changes in the internal management reporting structure of the CODM. Comparatives have been restated to conform to the revised reportable segments. Reconciliation to the reportable segments mainly relates to the inclusion of investment holding companies within the Group and Group consolidation adjustments, which did not form part of the reportable segments. The discontinuing operations mainly relates to cocoa business, which the Group had previously approved to exit. The EXCO assesses the performance of the operating segments based on profit before zakat and taxation.