ENRA Group Berhad | Annual Report 2022 141 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 24. REVENUE Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Revenue from contracts with customers Sale of goods 6,917 1,464 – – Property development revenue 2,675 1,674 – – Services rendered 19,047 18,116 – – 28,639 21,254 – – Other revenue Dividend income – – 24,391 – Revenue from leases Leasing 34,068 34,048 – – Revenue from continued operations 62,707 55,302 24,391 – Revenue from discontinued operations 25,609 57,497 – – 88,316 112,799 24,391 – Timing of revenue recognition Transferred over time 21,722 19,790 – – Transferred at a point in time 6,917 1,464 – – 28,639 21,254 – – (a) Revenue from contracts with customer is disaggregated in Note 35 to the financial statements by geographical area. (b) Sale of goods Revenue from sale of goods is recognised at a point in time when the products have been transferred to the customer and coincide with the delivery of products and acceptance by customers. Some contracts for the sale of goods provide customers with a right of return the goods within a specified period. Under MFRS 15, the consideration received from the customer is variable because the contract allows the customer to return the products. The Group uses the expected value method to estimate goods that will not be returned. There is no significant financing component in the revenue arising from sale of goods as the sales are made on the normal credit terms not exceeding twelve months. (c) Energy services income Energy services income is recognised at over time. The income is recognised over time as income when the customers receives and consumes the benefits.
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