PRG Holdings Berhad Annual Report 2020

30. CONTINGENT LIABILITIES Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Corporate guarantees given to banks for credit facilities granted to subsidiaries ` - unsecured (Note 25) - Limit of guarantee 64,637 196,860 186,150 196,860 - Amount utilised 21,822 27,641 21,822 27,641 Corporate guarantees given to third parties for credit limit granted to subsidiaries - unsecured - Limit of guarantee 119,250 119,250 119,250 119,250 - Amount utilised 797 438 896 438 Corporate guarantee given to a bank for credit facilities granted to an associate - unsecured - Limit of guarantee 2,007 2,046 - - - Amount utilised 319 2,046 - - 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. 31. REVENUE Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Revenue from contracts with customers Recognised over time: Construction contract 4,476 2,085 - - Property development revenue 91,903 3,904 - - Recognised at point in time: Sales of goods 99,865 125,996 - - Management fees 90 50 - - Others 63 10 - - 196,397 132,045 - - Annual Report 2020 163 Notes to the Financial Statements 31 December 2020 cont’d