PRG Holdings Berhad Annual Report 2018

14. CONTRACT ASSETS/(LIABILITIES) Group 2018 2017 RM’000 RM’000 Construction contract costs incurred to-date 152,423 121,843 Profit attributable to work performed to-date 20,263 18,101 172,686 139,944 Less: Progress billings (206,873) (193,046) (34,187) (53,102) Represented by: Contract assets Cost to obtain a contract 22,640 26,514 Construction contracts 3,085 3,181 25,725 29,695 Contract liabilities Construction contracts (2,442) (1,794) Manufacturing contracts (127) - Property development contracts (57,343) (81,003) (59,912) (82,797) (34,187) (53,102) The costs incurred to date on construction contract include the following charges made during the financial year: Group 2018 2017 RM’000 RM’000 Employee benefits 1,107 1,576 Rental expenses 64 643 1,171 2,219 2018 A N N U A L R E P O R T 132 notes to the financial statements 31 December 2018 (continued)