PRG Holdings Berhad Annual Report 2017

• PRG HOLDINGS BERHAD 134 23. CONTINGENT LIABILITIES Company 2017 2016 RM’000 RM’000 Corporate guarantees given to banks for credit facilities granted to subsidiaries - unsecured (Note 20) - Limit of guarantee 200,678 183,450 - Amount utilised 27,788 49,614 Corporate guarantees given to third parties for credit limit granted to subsidiaries - unsecured - Limit of guarantee 103,850 98,850 - Amount utilised 2,277 14,385 The Directors are of the view that the chances of the banks and the third parties to call upon the corporate guarantees are remote. Accordingly, the fair values of the above corporate guarantees given to the subsidiaries for credit facilities are negligible. 24. REVENUE Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Sales of goods 109,745 97,938 - - Construction contract 31 8,627 - - Property development revenue 83,187 25,497 - - Dividend income - - 26,594 10,505 192,963 132,062 26,594 10,505 N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( c o n t ’ d )