133 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 12. CONTRACT ASSETS/(CONTRACT LIABILITIES) (CONT’D) (b) There were no significant changes in the contract assets and liabilities during the financial year other than the following: Group 2023 2022 Note RM’000 RM’000 Contract asset not transferred to trade receivables due to disposal of subsidiary 6 - 107 (c) Revenue expected to be recognised in the future relating to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period, are as follows: Group 2023 2022 RM’000 RM’000 31 March 2024 110 - 31 March 2023 - 1,189 110 1,189 (d) Impairment for contract assets that do not contain a significant financing component are recognised based on the simplified approach using the lifetime expected credit losses as disclosed in Note 11(e) to the financial statements. No expected credit loss was recognised arising from the contract asset of the Group as it is negligible. 13. DERIVATIVE ASSETS/(LIABILITY) Contract/ Contract/ Notional Notional amount Assets amount Liability Group RM’000 RM’000 RM’000 RM’000 2023 Forward foreign currency contracts 4,983 98 - - 2022 Forward foreign currency contracts - - - - Company 2023 Forward foreign currency contracts 2,375 41 - - 2022 Forward foreign currency contracts - - - -
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