EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 94 notes to the financial statements 31 december 2019 (cont’d) 23. Lease Liabilities (Cont’d) The maturity analysis of lease liabilities of the Group and of the Company at the end of the reporting period: Group and Company 2019 RM Within one year 359,262 Less: Future finance charges (6,171) Present value of lease liabilities 353,091 The Group leases various buildings and computers. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. 24. Revenue Group Company 2019 2018 2019 2018 RM RM RM RM Revenue from contracts with customers: Sales of hardware 990,311 293,932 990,311 293,932 Rendering of services 19,928,776 20,855,438 18,715,869 19,810,034 Maintenance services 2,044,057 1,789,640 1,960,463 1,710,081 22,963,144 22,939,010 21,666,643 21,814,047 Timing of revenue recognition At a point in time 18,681,351 19,108,308 18,622,822 19,049,747 Over time 4,281,793 3,830,702 3,043,821 2,764,300 Total revenue from contracts with customers 22,963,144 22,939,010 21,666,643 21,814,047 Revenue from contracts with customers recognised for the Group and for the Company in the current financial year included RM1,024,909 and RM363,609 (2018: RM804,039 and RM170,685) that were included in the contract liabilities at the beginning of the financial year.