33. SEGMENT INFORMATION For management reporting purposes, the Group is organised into four main operating divisions as follows: • The construction segment is in the business of general building contractors. • The property development segment is in the business of developing properties with other partners. The Group has investments in associates or joint ventures and available-for-sale financial assets which are special purpose entities set up for the purpose of property development. The returns from this segment is included in the “Share of results from associates or joint ventures”. • The investment property segment is in the business of leasing office and retail shops in two commercial buildings acquired in Osaka Japan. The Group has completed the disposal of its investment properties on 28 February 2023. • Investment holding segment is related to Group-level corporate services and investments in quoted and unquoted equity shares. 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. 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 2025 Revenue External revenue 182,368 – – – – 182,368 Inter-segment sales – 131 – – (131) – 182,368 131 – – (131) 182,368 Profit from operations Share of results from joint ventures, net of tax – 85 – – – 85 Share of results from associates, net of tax – (9,897) – – – (9,897) Interest income 6,194 – – 20 – 6,214 Interest expenses (762) – – (828) – (1,590) Reversal of loss allowance for long term interests – 3,600 – – – 3,600 Depreciation and amortisation (2,722) – – – – (2,722) Reportable segment profit/(loss) before income tax 17,162 (5,834) (32) (1,142) – 10,154 Net profit/(loss) for the financial year after tax 17,162 (5,834) (32) (1,142) – 10,154 Other information: Additions to non-current assets 276 – – – – 276 Investments in joint ventures – 4,507 – – – 4,507 Investments in associates – 20,899 – – – 20,899 Segment assets 105,956 69,069 – 2,723 – 177,748 Segment liabilities 101,642 2,105 – 13,773 – 117,520 ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 117 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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