DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 32. Revenue Group Company 2019 2018 2019 2018 RM RM (Restated) RM RM Revenue form contracts with customers: -Sales of goods 25,870,101 23,413,572 - - -Rendering of services 184,304,380 188,069,170 - - -Contract revenue 87,562,328 206,564,820 - - -Management fee - - 2,825,000 11,313,050 297,736,809 418,047,562 2,825,000 11,313,050 31. Other Payables Group Company 2019 2018 2019 2018 RM RM RM RM Non-Current Liability Other payables 394,228 - - - Current Liabilities Other payables 59,141,520 6,118,400 2,344,598 325,159 GST payable 783,894 21,568,985 - - Accruals 12,333,034 7,228,339 149,420 146,419 Provision for warranty 425,000 - - - Invoice financing 7,054,690 3,066,989 - - Deposits received 3,519 2,455,533 - - 79,741,657 40,438,246 2,494,018 471,578 80,135,885 40,438,246 2,494,018 471,578 Invoice financing is repayable within 60 to 180 (2018: 60 to 180) days with interest at rate of 1.00% to 1.17% (2018: 1.00 to 1.17%) per annum above the Bank’s prevailing Lending Rate. The facilities are secured by corporate guarantee from the Company and personal guarantee of a Director. 06 FINANCIAL STATEMENTS DESTINI BERHAD 170