NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 29. SHORT-TERM BORROWINGS THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Sukuk Wakalah (Note 22) 20,000 80,000 20,000 80,000 Term loans (Note 24) 26,585 45,097 – – Revolving credits (Note 25) – 20,015 – – 46,585 145,112 20,000 80,000 30. REVENUE THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Contract with customers:- - Property development and construction revenue 1,243,659 967,968 – – - Sales of completed properties 55,784 104,753 – – - Revenue from education segment 14,390 12,347 – – - Revenue from healthcare segment 5,031 – – – - Revenue from hospitality segment 25,209 25,369 – – Dividend income – – 200,020 120,000 Others * 2,621 – – 1,344,073 1,113,058 200,020 120,000 The disaggregation of revenue from contracts with customers is presented under ‘Operating Segments’ in Note 41.2 to financial statements. * - Less than RM1,000 31. COST OF SALES Included in cost of sales are the following:- THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Cost of inventories recognised:- - property development costs (Note 11) 666,961 538,193 – – - completed properties (Note 11) 23,662 48,384 – – Cost of construction – 4,438 – – Cost of services 30,148 32,500 – – Others 19 757 – – 720,790 624,272 – – FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 188
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