NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 32. CONTRACT LIABILITIES Group 2022 2021 RM’000 RM’000 Current Advance consideration received from customers 1,393 1,470 Advance billing to customers 46 74 1,439 1,544 (a) Points transactions Group 2022 2021 RM’000 RM’000 At 1 January 1,544 1,252 Deferred during the financial year 4,168 2,806 Revenue recognised during the financial year (4,273) (2,514) At 31 December 1,439 1,544 Advance consideration received from customers The contract liabilities relate to advance billings for services of which the revenue will be recognised over the remaining contract term of the specific contract it relates to. Advance billing to customers The contract liabilities primarily relate to the advance consideration received from customer, which revenue is over the remaining contract term of the specific contract it relates to. 221
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