My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 165 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 36. DEFERRED REVENUE The deferred revenue primarily relate to advance considerations received from customers for the rental of devices and advanced billings for other maintenance services of which the revenue will be recognised over the remaining contract term of the specific contract it relates to. 37. SHORT-TERM BORROWINGS The Group The Company 31.12.2019 30.9.2018 31.12.2019 30.9.2018 RM’000 RM’000 RM’000 RM’000 Hire purchase and finance lease payables (Note 30) - 1,727 - - Term loans (Note 31) 17,740 14,926 17,740 14,926 Revolving credits 21,100 15,760 20,000 10,000 Block discounting (Note 32) 4,587 - - - 43,427 32,413 37,740 24,926 The revolving credits of the Group and of the Company at the end of the reporting period bore floating interest rates of 5.72% and 5.49% (2018 - 6.05% and 5.35%) per annum respectively and are secured by:- (a) Facility Agreement between a subsidiary of the Company and bank, as principal instrument; (b) Corporate guarantee of the Company and certain subsidiaries; and (c) A specific charge over the building of the Company. 38. REVENUE The Group The Company 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 RM’000 RM’000 RM’000 RM’000 Revenue from Contracts with Customers Concession Based Services 102,231 81,955 7,737 7,255 Commercial Based Services and Products: - sale of goods 182,376 39,866 - - - services rendered 271,787 400,074 1,200 3,200 - concession related services 13,150 24,734 1,892 1,909 Interest income derived from financing receivables 17,119 8,480 - - 586,663 555,109 10,829 12,364 Revenue from Other Sources Rental income 6,840 7,161 - - Dividend income 75 - 300,000 300,000 593,578 562,270 310,829 312,364