EXCEL FORCE MSC BERHAD Annual Report 2018

97 ANNUAL REPORT 2018 20. Other Payables Group Company 2018 2017 2018 2017 RM RM RM RM Other payables 8,054,497 326,207 8,023,537 322,961 Deposits received 72,300 385,600 72,300 385,600 Accruals 2,057,991 1,375,673 2,009,694 1,338,885 GST payables - 117,996 - 101,066 10,184,788 2,205,476 10,105,531 2,148,512 Included in deposits received of the Group and of the Company are earnest deposit of RM Nil (2017: RM313,300) received for the proposed disposal of the Group's and of the Company’s long term leasehold land and building as disclosed in Note 14. 21. Contract Liabilities Group Company 2018 2017 2018 2017 RM RM RM RM Deferred revenue 1,069,955 804,039 381,124 170,685 Deferred revenue represents advance consideration received (or an amount of consideration is due) from the customer in respect of services which are yet to be provided. The deferred revenue will be recognised as revenue when the related services is rendered. 22. Revenue Group Company 2018 2017 2018 2017 RM RM RM RM Revenue from contracts with customers: Sales of hardware 293,932 570,250 293,932 570,250 Rendering of services 20,855,438 20,566,009 19,810,034 19,531,313 Maintenance services 1,789,640 1,781,945 1,710,081 1,720,770 22,939,010 22,918,204 21,814,047 21,822,333 Timing of revenue recognition At a point in time 19,108,308 19,064,428 19,049,747 19,012,308 Over time 3,830,702 3,853,776 2,764,300 2,810,025 Total revenue from contracts with customers 22,939,010 22,918,204 21,814,047 21,822,333 Revenue from contracts with customers recognised for the Group and for the Company in the current financial year included RM1,069,955 and RM381,124 (2017: RM804,039 and RM170,685) that were included in the contract liabilities at the beginning of the financial year. Notes To The Financial Statements 31 December 2018 (cont’d)