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249
Financial
Statements
& Others
Gamuda Berhad (29579-T)
Annual Report 2013
45. Capital management (cont’d.)
Group
Company
2013
2012
2013
2012
RM'000
RM'000
RM'000
RM'000
Loans and borrowings
2,458,700 2,182,341 1,583,799 1,509,742
Less:
Cash and bank balances
(1,230,210)
(1,337,355)
(125,587)
(128,442)
Investment securities
(514,922)
(279,104)
(113,146)
(1,474)
Net debt
713,568
565,882 1,345,066 1,379,826
Equity attributable to the
owners of the Company
4,880,761 4,048,032 3,144,789 2,697,810
Non-controlling interests
226,087
220,839
-
-
Total capital
5,106,848 4,268,871 3,144,789 2,697,810
Net gearing ratio
14%
13%
43%
51%
46. Segment information
The Group reporting is organised and managed in three major business units. The segments are organised and
managed to the nature of products and services, specific expertise and technologies requirements, which requires
different business and marketing strategies. The reportable segments are summarised as follows:
i.
Engineering and construction - the construction of highways and bridges, airfield facilities, railway, tunnel,
water treatment plants, dams, general and trading services related to construction activities;
ii.
Property development and club operations - the development of residential and commercial properties and
club operations; and
iii. Water and expressway concessions - the management of water supply and the management and tolling of
highway operations.
The Group's chief operating decision maker monitors the operating results of its business segments separately for
the purpose of making decisions about resource allocation and performance assessment. Segment performance is
evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured
differently from operating profit or loss in the consolidated financial statements.
Transfer prices between operating segments are on an arm's length basis in a manner similar to transactions with
third parties.
Notes to the Financial Statements
31 July 2013