85 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 5. REVENUE Group Company 2022 2021 2022 2021 RM RM RM RM Revenue from contracts with customers: - Sales of value-added solutions 195,048,772 172,214,988 3,027,994 3,608,477 - Sales of goods 44,515,980 35,144,800 - - - Sales of prepaid airtime top-ups 97,729,039 102,406,149 - - 337,293,791 309,765,937 3,027,994 3,608,477 Income from leasing: - Rental of EDC equipment 73,129,365 50,399,999 13,320 18,500 Other revenue: - Management fees - - 13,276,661 14,500,210 410,423,156 360,165,936 16,317,975 18,127,187 Disaggregation of revenue from contracts with customers Revenue from contracts with customers is disaggregated in the table below by primary geographical market, major products and service lines and timing of revenue recognition. No disaggregation of the revenue from contracts with customers by geographical basis has been presented for the Company as the Company’s activities are carried out predominantly in Malaysia. Group Malaysia Philippines Thailand Others Total 31 December 2022 RM RM RM RM RM Major product and service line Sales of value-added solutions 148,269,950 35,324,612 10,115,580 1,338,630 195,048,772 Sales of goods 34,240,891 1,161,119 9,113,970 - 44,515,980 Sales of prepaid airtime topups 97,729,039 - - - 97,729,039 Total revenue from external customers 280,239,880 36,485,731 19,229,550 1,338,630 337,293,791 Timing of revenue recognition Transferred over time 21,175,861 1,396,841 4,123,301 1,337,776 28,033,779 Transferred at a point in time 259,064,019 35,088,890 15,106,249 854 309,260,012 Revenue from external customers 280,239,880 36,485,731 19,229,550 1,338,630 337,293,791
RkJQdWJsaXNoZXIy NDgzMzc=