2018 UEM Edgenta Annual Report

43. CAPITAL MANAGEMENT The primary objective of the Group’s and the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximise shareholder value. The Group and the Company also aim to maintain a capital structure that has an appropriate cost of capital available to the Group. The Group and the Company manage its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group and the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes during the years ended 31 December 2018 and 31 December 2017. The Group and the Company manage capital by reference to the debt to asset ratio. The Group’s and the Company’s debt to asset ratio is as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Murabahah Term Facility 101,065 129,094 – – Term loans 126,458 124,736 – – Finance leases 3,127 4,240 – – ICPs 49,964 49,964 49,964 49,964 IMTNs 251,851 251,727 251,851 251,727 Total debt 532,465 559,761 301,815 301,691 Total assets 2,877,691 3,005,975 2,085,614 2,210,266 Debt to asset ratio 19% 19% 14% 14% 44. SEGMENT INFORMATION (a) Business unit segments For management purposes, the Group is organised into business units based on their products and services, and reflect the Group’s offerings across different sectors as follows: (i) The consultancy segment relates to advisory and planning, engineering design and consultancy, property and community consultancy, research and development, procurement and construction planning, project and construction management, and asset and facilities management. Financial Review Stakeholder Information AGM Information 245 Governance Review of Sustainability Activities