195 ANNUAL REPORT 2023 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 29. SEGMENT INFORMATION For management purpose, the Group is organised into three operating segments based on their geographical locations, namely Asia Pacific, Americas and Europe/Middle East. The geographical segments are independently managed by the respective segment managers responsible for the performance of the respective segments under their charge. The segment managers report directly to the management of the Company who regularly review the segment results in order to allocate resources to the segments and to assess the segment performance. Geographical information The following table presents revenue, adjusted profit/(loss) before interest and tax information regarding geographical segments for the years ended 31 December 2023 and 2022: Asia-Pacific* Americas Europe/Middle East Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Sales to external customers 268,897 218,585 434,630 319,701 21,524 19,413 725,051 557,699 Profit/(loss) before interest and tax 29,532 22,235 8,238 (10,681) 1,930 2,021 39,700 13,575 The following table presents non-current assets information based on the geographical location as at 31 December 2023 and 2022: Asia-Pacific* Americas Europe/Middle East Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Non-current assets ** 62,969 50,658 91,492 84,767 9,308 8,920 163,769 144,345 * Projects in Asia-Pacific cover countries such as Singapore, China, Hong Kong, Taiwan, Korea, Japan, Thailand, Malaysia, Indonesia, Vietnam, New Zealand and Australia. ** Non-current assets relate to property, plant and equipment and intangible assets.
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