68
Notes To The Financial Statements
VITROX CORPORATION BERHAD
[649966-K]
For The Financial Year Ended 31 December 2008
22. RELATED PARTY DISCLOSURES
Other than the directors’ remuneration as disclosed in Note 16 to the financial statements, significant transactions with related
parties during the financial year are as follows:-
The Group
The Company
2008
2008
2007
2007
RM
RM
RM
RM
Disposal of motor vehicles to certain directors
0
0
0
187,200
Dividends declared from subsidiaries
4,185,000
0
3,100,000
0
Sale of goods to subsidiary
775,530
0
966,804
0
23. SEGMENT REPORTING
The Group
Segment information is presented in respect of the Group’s business and geographical segments. The primary format, business
segments, is based on the Group’s management and internal reporting structure.
Segment revenue, 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 mainly comprise interest-earning assets, interest-bearing liabilities, income
tax assets and liabilities and their related income and expenses.
Segment capital expenditure is the total cost incurred during the period to acquire segment assets that are expected to be
used for more than one period.
Business Segments
The Group is principally engaged in the development and production of vision inspection system and printed circuit board
assemblies for microprocessor applications. Business segment information has not been prepared as the Group’s revenue,
operating results, assets, liabilities, capital expenditure, depreciation and other non-cash expenses are mainly confined to one
business segment.
Geographical Segments
Information on segment assets and capital expenditure based on the geographical location of assets has not been presented
as the Group operates predominantly in Malaysia. Segment revenue based on the geographical location of customers is
analysed as follows:-
2008
2007
RM
RM
Malaysia
22,132,426
28,347,255
Asia Pacific
4,280,356
7,820,087
Others
0
1,753
26,412,782
36,169,095
