MKH Annual Report 2020

195 MKH BERHAD 30. PAYABLES AND ACCRUALS (CONT’D) (d) The deferred revenue arises in respect of the progress billings issued in relation to the disposal of inventories and is expected to be recognised within 12 months. (e) Included in deposits received of the Group are: (i) an amount of RM7,998,529 (2019: RM8,027,806) being rental, utilities and other deposits received from tenants; and (ii) an amount of RM846,959 (2019: RM7,743,222) being downpayment from purchasers of development properties. (f) Advances from customers of the Group is downpayment from purchasers of crude palm oil and palm kernel. (g) Included in accruals of the Group are accrued legal and professional fees and agents commission totalling RM10,163,278 (2019: RM17,871,219) in respect of on-going property development projects. 31. LEASE LIABILITY The Group 2020 RM Non-current 18,282,900 Current 457,778 At end of year 18,740,678 Minimum lease payment: Not later than 1 year 500,000 Later than 1 year but not later than 5 years 2,287,500 Later than 5 years 67,800,002 70,587,502 Less: Unexpired finance charges (51,846,824) 18,740,678 Present value of lease liability: Not later than 1 year 457,778 Later than 1 year but not later than 5 years 1,877,239 Later than 5 years 16,405,661 18,740,678 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020