NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 30. CONTRACT LIABILITIES Group 2025 2024 RM’000 RM’000 Current Advance consideration received from customers 813 2,987 Advance billing to customers 56 297 869 3,284 The movements of contract liabilities are as follows: Group 2025 2024 RM’000 RM’000 At 1 January 3,284 1,987 Deferred during the financial year 4,797 9,588 Revenue recognised during the financial year (7,212) (8,291) At 31 December 869 3,284 The contract liabilities relate to advance consideration received or advance billings for services of which the revenue will be recognised over the remaining contract term of the specific contract it relates to and is expected to recognised as revenue within one year. 260
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