221 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD 22. REVENUE Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Revenue from contracts with customers:- Sales of goods 284,756 307,275 - - Golf related services 13,527 20,500 - - Revenue from other sources:- Dividend income - - 2,100 7,000 Management fee income - - 8,080 8,080 298,283 327,775 10,180 15,080 Group 2025 2024 RM’000 RM’000 Timing of revenue recognitions Goods/Services transferred at a point in time 298,283 327,775 The following information represents the typical transactions of the Group and of the Company:- Sale of goods Revenue from sale of goods, direct sales from retail stores is recognised at a point in time when control of the asset is transferred to the customers generally on delivery of products and the customers’ acceptance. Rendering of services Rendering of services comprise incomes generated from golf lessons, events, bay usage, golf equipment fee and other golfrelated services. Revenue is measured based on the consideration to which the Group expects to be entitled in exchange for transferring promised services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognised when the Group satisfies a performance obligation by transferring a promised service. A performance obligation may be satisfied at a point in time. The amount of revenue recognised is the amount allocated to the satisfied performance obligation. Dividend income Dividend income is recognised when the Company’s right to receive payment is established. Management fee income Management fees are recognised when the services are rendered.
RkJQdWJsaXNoZXIy NDgzMzc=