173 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 77 199201005296 (236800 - T) 21. REVENUE (continued) (c) Revenue from property development and construction contracts (continued) Revenue is recognised as and when control of the asset is transferred to the customer and it is probable that the Group would collect the consideration to which it will be entitled in exchange for the asset that would be transferred to the customer. Depending on the terms of the contract and the laws that apply to the contract, control of the asset may transfer over time or at a point in time. Control of the asset is transferred over time if the performance of the Group does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date. If control of the asset transfers over time, revenue is recognised over the period of the contract using the input method by reference to the cost incurred relative to the total expected cost for satisfaction of that performance obligation. Otherwise, revenue is recognised at a point in time when the customer obtains control of the asset. Significant judgement is required in determining performance obligations, transaction price allocation and costs in applying the input method to recognise revenue over time. The Group identifies performance obligations that are distinct and material, which is judgmental in the context of contract. Transaction prices were determined based on estimated margins prior to its allocation to the identified performance obligation. The Group also estimated total contract costs in applying the input method to recognise revenue over time. (d) Services rendered - 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. (e) Leasing Lease income from operating lease is accounted for on a straight line basis over the lease term of an ongoing lease. While lease income from finance lease is accounted for on a straight line basis over the lease term of an ongoing lease and subsequently transfer the ownership of the asset to the lessee. 22. FINANCE COSTS Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Interest expense: - term loans 1,088 373 - - - other borrowings 3,467 1,892 3,247 1,640 - intercompany advance - - - 9 - RCPS 369 - - - Unwinding of discount (RCPS) 122 482 - - Others - facility fees 334 786 285 107 5,380 3,533 3,532 1,756
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