NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 30. OTHER PAYABLES (CONT’D) The foreign currency exposure profile of other payables are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 IDR 64 16 - - 31. CONTRACT LIABILITIES Group 2023 2022 RM’000 RM’000 Current Advance consideration received from customers 1,709 1,393 Advance billing to customers 42 46 1,751 1,439 Group 2023 2022 RM’000 RM’000 At 1 January 1,439 1,544 Deferred during the financial year 5,491 4,168 Revenue recognised during the financial year (5,179) (4,273) At 31 December 1,751 1,439 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 and is expected to recognised as revenue within one year. 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 and is expected to recognised as revenue within one year. 230 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) O PAYABLES
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