33. TRADE AND OTHER PAYABLES (CONT’D.) (c) Provisions (cont'd.) The movements in provisions are as follows: (cont'd.) (i) Provision for development costs Provision for development costs is in respect of development projects undertaken by its subsidiaries as they had a present obligation as a result of a past event and it was probable that an outflow of resources embodying economic benefits will be required to settle the obligation. (ii) Provision for foreseeable losses Provision for foreseeable losses represents the present obligation for losses expected to be incurred for construction contracts. 34. CONTRACT LIABILITIES Group 2024 2023 RM’000 RM’000 Non-current Deferred license fees (Note 34(a)) 121,805 126,484 Current Deferred license fees (Note 34(a)) 5,171 4,891 Contract liabilities from property development (Note 34(b)) 140,261 99,342 145,432 104,233 Total contract liabilities 267,237 230,717 FINANCIAL STATEMENTS & OTHER INFORMATION 329
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