4. REVENUE (CONT’D.) Disaggregation of the revenue from contracts with customers: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Major goods and services Sale of development properties 926,983 871,000 – – Sale of land 238,052 215,456 – – Sale of inventory properties 56,836 57,849 – – Sale of building materials 12,997 21,323 – – Revenue from recreation and resort operations 57,853 54,352 – – Property management and maintenance fees 694 14 – – Revenue from private school operations – 39,014 – – Revenue from landscape services 7,779 7,223 – – Revenue from hotel operations 27,284 126,674 – – Revenue from electricity 5,551 4,940 – – Management fees from subsidiaries (Note 36(a)) – – 16,395 9,775 Revenue from contracts with customers 1,334,029 1,397,845 16,395 9,775 Geographical market Malaysia 1,334,029 1,397,845 16,395 9,775 Timing of revenue recognition - at a point in time 321,371 404,065 16,395 9,775 - over time 1,012,658 993,780 – – 1,334,029 1,397,845 16,395 9,775 Revenue from contracts with customers of the Group includes RM33,988,000 (2023: RM26,032,000) that was included in contract liabilities at the beginning of the financial year. FINANCIAL STATEMENTS & OTHER INFORMATION 263
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