ANNUAL REPORT 2025 161 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 4. Revenue (cont'd) (b) Contract assets and contract liabilities (cont'd) (iii) Contract assets/(liabilities) from property development: 2025 2024 RM RM Contract assets Accrued billing (a) 75,534,759 10,083,686 Others (a) 5,596,176 227,132 81,130,935 10,310,818 Contract liability Advance receipt from customers (8,814,916) - 72,316,019 10,310,818 (a) Accrued billing and progress billing At beginning of the year 10,310,818 6,883,062 Consideration payable to customers 11,408,164 353,116 Revenue recognised during the year 213,491,911 7,951,686 Progress billings during the year (154,079,958) (4,877,046) At end of the year 81,130,935 10,310,818 Remaining performance obligations 2025 2024 RM RM Within one year 3,003,308,823 2,389,624,811 More than one year 1,880,319,856 942,318,967 4,883,628,679 3,331,943,778 Group The remaining performance obligations (unsatisfied or partially unsatisfied) as at 31 December 2025 and 2024 are as follows: Group - 41 -
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