PRG Holdings Berhad Annual Report 2020

17. CONTRACT ASSETS/(LIABILITIES) Group 2020 2019 Note RM’000 RM’000 Contract assets Cost to obtain a contract 3,869 1,414 Property development contracts (b) - 1,451 Construction contracts (a) 3,972 2,760 7,841 5,625 Contract liabilities Construction contracts (a) - (950) Deferred income (2,360) (1,159) Property development contracts (b) (809) - (3,169) (2,109) 4,672 3,516 (a) Contract assets and contract liabilities from construction contracts Group 2020 2019 RM’000 RM’000 Contract assets 3,972 2,760 Contract liabilities - (950) 3,972 1,810 At 1 January 1,810 643 Impairment of contract assets (12) (28) Termination of project - 2,121 Revenue recognised during the year 4,476 2,084 Progress billings (2,302) (3,010) At 31 December 3,972 1,810 Additions to aggregate costs incurred during the financial year include: Group 2020 2019 RM’000 RM’000 Employee benefits 412 912 Hire of plant and machinery 217 45 629 957 Annual Report 2020 143 Notes to the Financial Statements 31 December 2020 cont’d