ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 197 INTEGRATED ANNUAL REPORT 2026 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 EPCIC FPSO Operations Total Renewables Green Technologies Total Group RM million RM million RM million RM million RM million RM million 2025 EPCIC of FPSO vessels 4,075 - 4,075 - - 4,075 FPSO support service fees - 931 931 - - 931 Sale of electricity - - - 154 - 154 Management fee income - 2 2 - - 2 Others - - - 2 14 16 4,075 933 5,008 156 14 5,178 Timing of revenue recognition - Over time 4,075 933 5,008 156 14 5,178 4,075 933 5,008 156 14 5,178 Refer to Note 45 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. 2026 2025 Company RM million RM million Management fee income 29 33 The Company recognises revenue from contracts with customers over time.
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