10. SEGMENT INFORMATION

3 Months Ended

Jan. 31, 2020

NOTE–10 SEGMENT INFORMATION

(a) Business segment reporting

We currently operate two reportable business segments, as defined by ASC Topic 280:

·	Plantation business –oil palm and durian plantation in Malaysia
·	Real estate business – acquisition and development of commercial and residential real estate properties in Malaysia

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 4). Summarized financial information concerning our reportable segments is shown as below:

	Three months ended January 31, 2020
	Plantation Business			Real Estate Business			Corporate			Total

Revenues	$	62,617		$	437,418		$	–		$	500,035
Inter-segment revenue		–			(25,459	)		–			(25,459	)
Revenues, net		62,617			411,959			–			474,576
Cost of revenues		(14,956	)		(141,742	)		–			(156,698	)
Gross profit		47,661			270,017			–			317,678
Depreciation		3,022			116,174			561			119,757
Net (loss) / profit		(5,684	)		52,720			(75,107	)		(28,071	)
Total assets		6,438,537			38,593,095			236,600			45,268,232
Expenditure for long-lived assets	$	14,851		$	–		$	–		$	14,851

	Three months ended January 31, 2019
	Plantation Business			Real Estate Business			Corporate			Total

Revenues	$	36,399		$	415,544		$	–		$	451,943
Inter-segment revenue		–			(6,455	)		–			(6,455	)
Revenues, net		36,399			409,089			–			445,488
Cost of revenues		(21,183	)		(125,742	)		–			(146,925	)
Gross profit		15,216			283,347			–			298,563
Depreciation		1,654			116,336			1,952			119,942
Net (loss) / profit		(9,564	)		16,600			(70,844	)		(63,808	)
Total assets		6,273,696			39,034,844			199,864			45,508,404
Expenditure for long-lived assets	$	13,720		$	–		$	–		$	13,720

All long-lived assets are located in Malaysia.

PRIME GLOBAL CAPITAL GROUP Inc 10-Q