CAPALLIANZ HOLDINGS LIMITED ANNUAL REPORT 2024 128 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 30 June 2024 CapAllianz Holdings Limited and its Subsidiary Corporations Notes to the Financial Statements Annual Report For the financial year ended 30 June 2024 Page 77 30. Segment information (continued) Geographical segments The Group’s business segments operate in 2 geographical areas: • Singapore – the operation comprises technical service and investment and trading segment. • Thailand – the operation comprises oil and gas segment. Revenue Non-current assets 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Singapore 1,350 - 389 192 Thailand 2,737 3,315 70,448 71,318 4,087 3,315 70,837 71,510 In presenting the geographical information, revenue is based on the geographical locations of the customers which the revenue are derived from and is measured in a manner consistent with that in the statement of comprehensive income. Non-current assets are presented based on the location of the assets mainly include exploration, evaluation and development assets and oil and gas properties held under Thailand Operations (Note 21) and other property, plant and equipment (Note 18) in Singapore. Revenue from major customers 2023 Revenue of US$3,315,000, or 100% of the Group’s revenue is derived from one customer in Thailand, which is attributable to the “Oil and gas” segment. No revenue was generated by the Company for the financial year ended 30 June 2023. 2024 Revenue of US$2,737,000 and US$1,350,000, or 66% and 34% of the Group’s revenue is derived from one customer in Thailand, which is attributable to the “Oil and gas” segment and one customer in Singapore, attributable to the “Technical service” segment, respectively. Revenue of approximately US$1,350,000, or 100% of the Company’s revenue is derived from one customer in Singapore, which is attributable to the “Technical service” segment. 31. Subsequent events (a) On 3 July 2024, the Group obtained an unsecured loan of approximately US$74,000 (equivalent to S$100,000) from a non-related party, Party D as defined in Note 24(b) to the financial statements. The loan bears interest at 9% per annum and matures on 3 July 2025. (b) On 8 August 2024, the Group obtained an unsecured loan of approximately US$133,000 (equivalent to S$180,000) from an employee. The loan bears interest at 5% per annum and matures on 8 August 2025.
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