200 YINSON HOLDINGS BERHAD ACCOUNTABILITY 6. REVENUE (CONTINUED) (a) Disaggregation from contracts with customers (continued) The Group derives revenue from the transfer of goods and services over time in the following business segments: (continued) Offshore Production and Offshore Marine Group EPCIC RM million FPSO Operations RM million Total RM million Renewables RM million Green Technologies RM million Total RM million 2024 EPCIC of FPSO vessels 8,794 - 8,794 - - 8,794 FPSO support service fees - 749 749 - - 749 Sale of electricity - - - 75 - 75 Management fee income - 2 2 - - 2 Others - - - - 5 5 8,794 751 9,545 75 5 9,625 Timing of revenue recognition - Over time 8,794 751 9,545 75 5 9,625 Refer to Note 44 for disaggregation of revenue by geographical location of the Group’s operations. The offshore maintenance (“O&M”) services revenue, recorded under the ‘FPSO support service fees’ in Note 6(a), is recognised based on the daily O&M rates, whereby the Group has the right to a consideration from customers that corresponds to the Group’s performance completed to date. The Group applies the practical expedient in MFRS 15 and does not disclose information about unsatisfied performance obligation related to O&M services. Company 2025 RM million 2024 RM million Management fee income 33 47 The Company recognises revenue from contracts with customers over time.
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