MKH Berhad 179 Revenue from property development activities is recognised over time using the input method, which is based on the actual cost incurred to date on the property development project as compared to the total budgeted cost for the respective development projects. The transaction price allocated to the unsatisfied performance obligations as at 30 September 2022 is RM906,152,601 (2021: RM947,200,886). The remaining performance obligations are expected to be recognised within the remaining 4 years (2021: 4 years). There was no impairment loss recognised on contract assets at the reporting date. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 CONTRACT ASSETS AND CONTRACT LIABILITIES (CONT’D) 23. CONTRACT COST ASSETS 24. Contract costs consist of sales commission and agency fees paid to intermediaries to secure contracts with customers. These costs are subsequently expensed off as cost of sales by reference to the performance completed to date, consistent with the revenue recognition pattern. There was no impairment loss in relation to the cost capitalised. 2022 RM 2021 RM The Group At beginning of year Additions during the year 24,974,802 31,741,195 31,741,195 28,236,676 At end of year 21,405,045 12,278,957 Amortised during the year (14,638,652) (15,783,476) BIOLOGICAL ASSETS 25. 2022 RM 2021 RM The Group At beginning of year Net Book Value Changes in fair value (Note 6) 4,233,267 6,177,026 6,177,026 5,917,360 At end of year 1,637,252 (577,142) Effect of movements in exchange rate 306,507 317,476
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