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Operating Segments

12 Months Ended

Jun. 30, 2023

22. OPERATING SEGMENTS

The Group’s businesses are organised into business units based on their products and services provided. The performance of each segment is measured based on the internal management report reviewed by Chief Operating Decision Maker. The Group business segments as follow:

(a)	Internet of Things (“IoT”)

(b)	Investment holding and others

Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment.

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 inter-segment transactions have been entered into at arms-length with terms mutually agreed between the segments and have been eliminated to arrive at the Group’s results.

(a)	Business segments

The following table provides an analysis of the Group’s revenue, results, assets, liabilities and other information by business segment:

30.06.2023
	IoT		Investment holding and others		Total
	RM		RM		RM
Assets
Segment assets		364,549,780		31,133,035		395,682,815
Deferred tax assets and tax recoverable		20,849		-		20,849
Total assets		364,570,629		31,133,035		395,703,664

Liabilities
Segment liabilities		36,181,129		22,271,732		58,452,862
Deferred tax liabilities and tax payable		18,400,243		12,804		18,413,046
Total liabilities		54,581,372		22,284,536		76,865,908

30.06.2023 (Cont’d)
	IoT		Investment holding and others		Total
	RM		RM		RM
Additions to non-current assets:
Property, plant and equipment		72,383,744		-		72,383,744

Revenue
Total revenue		242,132,250		-		242,132,250
- Inter-segment revenue		-		-		-
Revenue from external parties		242,132,250		-		242,132,250

Results
Profit/(Loss) before interest, depreciation and tax	63,598,841		(4,068,113	)	59,530,728
Depreciation of:
- property, plant and equipment	(15,859,909	)	-		(15,859,909	)
- right-of-use assets	(126,945	)	-		(126,945	)
Amortisation of intangible asset	(22,423,147	)	-		(22,423,147	)
Finance income/(cost), Net	365,310		406,966		722,276
Profit/(Loss) before tax	25,554,150		(3,661,147	)	21,893,003
Tax expense	5,676,935		(32,713	)	5,644,222
Profit/(Loss) for the year	31,231,085		(3,693,860	)	27,537,225

30.06.2022
	IoT		Investment holding and others		Total
	RM		RM		RM
Assets
Segment assets		326,879,075		1,721,377		328,600,452
Deferred tax assets and tax recoverable		12,841		-		12,841
Total assets		326,891,916		1,721,377		328,613,293

Liabilities
Segment liabilities		9,923,189		2,000		9,925,189
Deferred tax liabilities and tax payable		24,193,067		90		24,193,157
Total liabilities		34,116,256		2,090		34,118,346

	IoT		Investment holding and others		Total
	RM		RM		RM
Additions to non-current assets:
Property, plant and equipment		56,017,057		-		56,017,057
Intangible assets		78,000,000		-		78,000,000
		134,017,057		-		134,017,057

Revenue
Total revenue		443,024,003		-		443,024,003
- Inter-segment revenue		-		-		-
Revenue from external parties		443,024,003		-		443,024,003

Results
Profit/(Loss) before interest, depreciation and tax	106,355,741		(1,812,671	)	104,543,070
Depreciation of:
- property, plant and equipment	(933,860	)	-		(933,860	)
- right-of-use assets	(116,801	)	-		(116,801	)
Amortisation of intangible asset	(15,423,147	)	-		(15,423,147	)
Finance income/(cost), Net	222,745		395		223,140
Profit/(Loss) before tax	90,104,678		(1,812,276	)	88,292,402
Tax expense	(14,909,284	)	(96	)	(14,909,380	)
Profit/(Loss) for the year	75,195,394		(1,812,372	)	73,383,022

(b)	Geographical segments

The Group operates predominantly in Malaysia and revenue from overseas is insignificant. Accordingly, the information by geographical segment is not presented.