105
/ MTQ CORPORATION LIMITED /
ANNUAL REPORT
2014/2015
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2015
(In Singapore dollars)
28. INFORMATION BY SEGMENT ON THE GROUP'S OPERATIONS (CONT’D)
Invest-
ment
holding
$’000
Engine
systems
$’000
Oilfield
engineering
$’000
Neptune
$’000
Others
$’000
Eliminations
$’000
Note
Per
consolidated
financial
statements
$’000
2014 (Restated)
Revenue:
External sales
186 48,894 104,604 159,646
–
–
313,330
Inter-segment sales
8,340
–
4,038
73
–
(12,451)
A
–
Total sales
8,526 48,894 108,642 159,719
–
(12,451)
313,330
Results:
Interest income
6
42
1
229
–
–
278
Depreciation and
amortisation
(450)
(1,229)
(4,424)
(4,651)
–
–
(10,754)
Allowance for inventory
obsolescence
–
(239)
–
–
–
–
(239)
Write-back of allowance for
impairment of trade
receivables
–
47
664
251
–
–
962
Bad debts written-off
–
(24)
–
–
–
–
(24)
Finance costs
(5)
(174)
(724)
(2,007)
–
–
(2,910)
Segment profit/(loss) before
tax and share of results
of joint venture
13,220 2,237 30,260
5,852
(27)
(21,736)
B
29,806
Share of results of joint
venture
–
–
105
–
–
–
105
Taxation
79 (394)
(3,180)
(1,766)
–
–
(5,261)
Assets and liabilities:
Additions to non-current
assets
955 804
4,399 10,336
–
–
16,494
Acquisition of non-current
assets through business
combination
–
–
16,867
–
–
–
16,867
Segment assets
12,112 28,112 126,317 100,064
1
–
266,606
Deferred tax assets
4,703
Total assets
271,309
Segment liabilities
(9,548)
(7,713)
(20,547)
(19,726)
(11)
–
(57,545)
Provision for taxation
(4,808)
Deferred tax liabilities
(2,767)
Bank borrowings and
finance lease liabilities
(65,877)
Total liabilities
(130,997)
