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 2025 RM’000 2024 RM’000 Non-current Deferred license fees (Note 34(a)) 117,300 121,805 Current Deferred license fees (Note 34(a)) 5,712 5,171 Contract liabilities from property development (Note 34(b)) 138,730 140,261 144,442 145,432 Total contract liabilities 261,742 267,237 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 356
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