100 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 24. CONTRACT LIABILITIES (a) Deferred revenue Group Company 2025 2024 2025 2024 RM RM RM RM Deferred revenue 2,901,714 3,329,111 - - Deferred revenue represents advance consideration received (or an amount of consideration is due) from the customer in respect of services which are yet to be provided. The deferred revenue will be recognised as revenue when the related services is rendered. Significant changes to contract liabilities balances during the financial year are as follows: Group Company 2025 2024 2025 2024 RM RM RM RM Contract liabilities at the beginning of the reporting period recognised as revenue 2,943,404 3,514,018 - 1,397,711 (b) Contract value yet to be recognised as revenue As of the reporting date, revenue expected to be recognised in the future relating to performance obligations of the Group that are partially unsatisfied is RM5,934,790 (2024: RM5,076,944). The Group expects to recognise this revenue as the related services are rendered, which is expected to occur over the next 24 months (2024: 24 months). 25. REVENUE Group Company 2025 2024 2025 2024 RM RM RM RM Revenue from contracts with customers: Sales of hardware 268,248 256,685 - 28,500 Rendering of services 24,073,173 25,733,453 - 6,038,446 Maintenance services 3,044,873 3,030,297 - 711,800 27,386,294 29,020,435 - 6,778,746 Timing of revenue recognition: At a point in time 1,374,842 1,329,629 - 455,382 Over time 26,011,452 27,690,806 - 6,323,364 Total revenue from contracts with customers 27,386,294 29,020,435 - 6,778,746
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