PRG Holdings Berhad Annual Report 2018

23. CONTINGENT LIABILITIES Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Corporate guarantees given to banks for credit facilities granted to subsidiaries - unsecured (Note 20) - Limit of guarantee 200,678 200,678 200,678 200,678 - Amount utilised 21,092 27,788 21,092 27,788 Corporate guarantees given to third parties for credit limit granted to subsidiaries - unsecured - Limit of guarantee 109,250 103,850 109,250 103,850 - Amount utilised 1,590 2,277 1,590 2,277 Corporate guarantee given to a bank for credit facilities granted to an associate - unsecured - Limit of guarantee 2,086 2,025 - 2,025 - Amount utilised 2,086 2,025 - 2,025 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 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Recognised over time: Construction contract 10,452 31 - - Property development revenue 45,574 48,801 - - Recognised at point in time: Sales of goods 92,565 109,745 - - Dividend income - - - 26,594 Management fees 28 - - - Others 7 - - - 148,626 158,577 - 26,594 143 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)