QL Resources Berhad (428915-X)
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27. Operating segments
The Group’s resources allocation is assessed on a quarterly basis in accordance to the business performance and
requirements of the respective business segments as reviewed and determined by the Group’s Chief Operating
Decision Maker (“CODM”) whom is also the Managing Director of the Group. Hence, segment information is presented
by business segment that the Group operates in. The format of the business segment is based on the Group’s operation
management and internal reporting structure.
Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be
allocated on a reasonable basis. The Company’s expenses are allocated to the respective business segments based
on a pre-agreed percentage allocation, while the Company’s assets and liabilities are absorbed into integrated livestock
farming segment.
Segment capital expenditure is the total costs incurred during the period to acquire property, plant and equipment,
investment properties, prepaid lease payments and intangible assets other than goodwill.
Business segments
The Group comprises the following main business segments:
Marine-products manufacturing Deep-sea fishing, manufacture and sale of fishmeal, surimi and
surimi-based products.
Palm oil and biomass energy activities Plantation, crude palm oil milling and downstream palm biomass
technology.
Integrated livestock farming Distribution of animal feed raw materials, food related products and
livestock farming.
The inter-segment transactions have been entered into in the normal course of business and are based on normal
trade terms.
Geographical segments
The Group’s business operates in five geographical areas: Malaysia, Indonesia, Vietnam, China and Singapore.
In presenting information on the basis of geographical segments, segment revenue is based on the geographical
location of the group entities, segment assets are based on the geographical location of the assets.
Notes to the Financial Statements
(Cont’d.)
