NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 30. REVENUE THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Contract with customers:- - Property development and construction revenue 967,968 703,504 - - - Sales of completed properties 104,753 158,146 - - - Revenue from hospitality segment 25,369 17,323 - - - Revenue from education segment 12,347 11,038 - - Dividend income - - 120,000 115,385 Others 2,621 2,385 - - 1,113,058 892,396 120,000 115,385 The disaggregation of revenue from contracts with customers is presented under ‘Operating Segments’ in Note 42.2 to financial statements. 31. COST OF SALES Included in cost of sales are the following:- THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cost of inventories recognised:- - property development costs 538,193 260,354 - - - completed properties 48,384 101,931 - - Cost of construction 4,438 14,639 - - Cost of services 32,500 24,428 - - Others 757 615 - - 624,272 401,967 - - INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 202 FINANCIAL STATEMENTS
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