ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 120 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 27. REVENUE (Cont’d) e. Sale of completed properties The Group recognises sales at a point in time for the sale of completed properties, when the control of the properties has been transferred to the purchasers, being when the properties have been completed and delivered to the customers and it is probable that the Group will collect the considerations to which it would be entitled to in exchange for the assets sold. There is no significant financing component in the revenue arising from sale of completed properties as the sales are made on the normal credit terms not exceeding twelve months. 28. COST OF SALES Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CONTINUING OPERATIONS Completed properties 49,391 2,633 3,186 2,633 Finished goods 85,914 78,364 - - Contract cost 1,189 3,184 - - Leasing 24,777 25,707 - - Services rendered - logistic - 707 - - - energy 21,448 21,541 - - 182,719 132,136 3,186 2,633 29. FINANCE COSTS Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CONTINUING OPERATIONS Interest expense: - bank overdraft 59 19 - - - term loans 1,212 194 125 - - other borrowings 355 541 156 454 Unwinding of discount (RCPS) 426 316 - - Others - facility fees 681 745 50 13 2,733 1,815 331 467 Less: Interest capitalised (1,057) (194) - - 1,676 1,621 331 467